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It is very clear that one's inability to invest in bitcoin or whatever it is that is prioritized is capital. Because there are constraints with one's inability to invest. The inability is based on his job. Very different from people who are capable because basically people who are capable because there is the ability and there are no obstacles to investing. it is very clear what you say the main requirement is additional income, but if in the position of someone who works only in one job with a salary below the minimum wage. And there is no additional income, will it be very inhibiting to start as soon as possible and not collect money first.
No it is not very clear. You are repeating points that I already addressed, which is that you seem to be referring to a lack of disposable income that some people might have, which is a more accurate way of framing the situation why some folks might not be able to invest into something like bitcoin.
But whatever, have fun keeping on repeating yourself in different ways.. or maybe arguing with yourself.
For some people there may be those who invest without capital, but for others or most people the main requirement is capital, on the contrary I have not found people who invest without capital, in my opinion, I do not agree with the absence of capital, because the slightest thing, the will or desire of a person can be said to be capital, to be confident.
Being able to invest into something like bitcoin is called having disposable income. There is no need for capital, as I already mentioned several times.. but you want to argue about it.
If a person is only focused on one job, and there is no additional income or perhaps additional income each country is different. If for example there is additional income and each country is different from the additional income, is it possible to start as soon as possible, it will be very risky, and in my opinion if we start investing in BTC by starting 1 year or maybe 3 years to come,
If you have disposable income, then there is no need to wait... but if you do not, then maybe you have to wait until you do... yet I would not presume that a person has to wait merely because his/her disposable income is small, which seems to be what you are saying in a kind of dumb-ass, repetitive and stubborn way.
I think it's a good decision too, because seeing from the first BTC came out and until now it is still stable.
I am not sure what you are talking about here. Bitcoin is not stable, and sure, historically it has tended to go up, but going up is not guaranteed which is part of the reason that a person who invests in bitcoin should be investing from 1) his disposable income or 2) from having capital that he can invest into bitcoin.. but the 2nd option is not required, even though it is one way of being able to justify investing into bitcoin.
Maybe that's his method in conceptualizing the investment he's going to run and the risks he's going to take. In terms of investing there are so many ways that everyone will be different in carrying out the concept, and the goal is the same to seek profit in investing. in this case after I read @reredmi's post he tried to collect money first for the beginning he was going to invest, maybe because his income was low, but I can't confirm that or guess what he wants, I think he will get a lot of risks if he starts investing with that concept.
Yes.. Reredmi896 is arguing and making dumb points about a need for capital, which is not true, and even though he seems to get the idea of disposable income, he seem to believe (assume without any real basis) that a low amount of disposable income means that waiting is a better strategy rather than getting started in regards to bitcoin investing... Sim_card largely pointed out Reredmi896's inadequate thinking.. so I doubt that Reredmi896 needs to be defended when he is spouting out waiting as if it were a strategy. .and also proclaiming that you have to have capital to invest into bitcoin, which truly is not true, either, but he (Reredmi896) wants to continue to argue about that incorrect and mostly wrong thinking.... which truly does not mean that he can choose not to invest and sure, Reredmi896, can choose waiting as his own strategy and he can have fun staying poor, too... hahahahaha
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I sometimes feel that everyone who hears something about cryptocurrencies will search for the next thing that he or she believes will explode 10000x. It is the feeling that they missed the train and now find themselves hunting that one coin nobody else knows about. In other words, probably 90% of new investors decide against going down the solid route and DCA into Bitcoin overtime right from the start.
The worst is when you get into hopping from Bitcoin into shit coins and try to do that repeatedly, hoping to double your money. In the very, very beginning I have given some shit coins a shot and while it is exciting to see some of them go up, the markets for them very quickly dry out or some of the "dev wallets" get flash dumped and you are screwed.
Yes, I quite understand it, and of course you have explained it well.
There are several common reasons why some new investors own altcoin compared to bitcoin, one of which is that the price of bitcoin is very expensive compared to altcoin price.
that is a dumb idea, and not even worth repeating here.
They seem eager to buy a lot (meme or otherwise) that they find profitable, but at the same time they fail to understand that bitcoin can also give them returns if they know how to manage their investment budget. As mentioned, DCA will help them earn more bitcoin over time, but their big ambition for altcoin profit mean some of them don't want bitcoin in their portfolio.
Again? Why do we need to talk about what shitcoiners do in this thread? It is not even on topic.. which even if they have some smart ideas or dumb ideas, it seems to be a distraction to even talk about it.
The proof lies in the data for Bitcoin. There are threads that explain in a very solid way where somebody would be if they had investors X amount over time in a certain interval. It is mind-blowing and only in hindsight do more people understand how powerful DCAing would have actually been for them even with small amounts.
Of course DCA is good and would be better if used consistently for accumulation.
O.k. this part is correct.. DCA in regards to bitcoin, not shitcoins.. Shitcoins are more likely to be in and out type adventures rather than long term, unless you limit your involvement in them to no more than 10% of your bitcoin investment, then at least you have kept your distraction into them under some kind of boundaries.
~~And, of course, if he is investing somewhere close to 100% of his discretionary income, he might be sacrificing driving a nicer car or maybe living in a less luxurious house or maybe going out to eat less (or perhaps not at all), so there could be some current sacrifices and reductions in quality of life based on investing into bitcoin, even though the investment into bitcoin would not be taking away from the basic expenses, yet the investor still chooses what he considers to be basic expenses or not.
Of course, that could happen if they push for a bigger budget than they can afford, meaning if they choose to sell the car, choose to sell land or whatever, but that's not a good thing to do. Because if they are beginners doing this then I think they will quickly become mentally depressed if one day the price drops 50% and they are not ready to accept the situation of market changes. So it would be good for them to save on their regular monthly expenses, for example they spend $2000 per month so a good step would be to save their spending budget to $1500 and $500 of that save they can allocate to investing in bitcoin.
Forcing 100% of their income just to invest in bitcoin is certainly not a good step because it can have fatal consequences if they are not ready to face the change in life from being rich to living a simpler life. Maybe it would be better to only allocate 10% and the remaining 90% for their living needs.
You seem to be arguing and quibbling with the main points that I was making, which was to rebutt your assertion that investing does not give up anything in the current time, which it likely does, and if it does not then you may well be investing way too whimpily.
Sure your level of aggressiveness is a choice, yet your earlier blanket statement that investing into bitcoin does not contribute to giving anything up seems to be factually wrong, whether a person is investing whimpily or aggressively, and even if he ONLY invests $10 per month, he is still giving something up by dedicating that amount to bitcoin rather than buying a couple extra cups of coffee... or however he might have chosen to otherwise spend or use or save the $10.
It is better to take the investment journey in a relaxed manner without forcing all their money to be in bitcoin.
Who says? People can choose their own level of aggressiveness, and yeah they can structure their investment into bitcoin so that they are not stressed, but they don't have to.. The level of aggressiveness or whimpiness is completely discretionary... which means each person can choose and such person may or may not have regrets later over how they choose to go about their level of aggressiveness of their bitcoin investment.
However, if they have become millionaires from investing in Bitcoin since the beginning or starting in 2011, of course they will be able to read their cash flow by continuing to move aggressively with every purchase they make. The reason is very logical because they have bought bitcoin at $200 or cheaper so they will not feel shaken when the price drops 50% because their cheap buying investment will certainly not have a bad impact on their portfolio. But of course all of this is no longer foreign and some people have learned from many mistakes so they will do the best from their initial planning in investing for the long term.
Yeah sure the longer that someone has been in bitcoin, they have greater chances of having had gotten to a place of relaxation in terms of being in profits, but still some guys had made a lot of mistakes and even continue to make similar mistakes.. so yeah, it sometimes can be difficult to learn from your mistakes or even recognize some of the mistakes and ways to get away from continuing to make similar kinds of mistakes. .. especially traders.
