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.
When you invest in bitcoin it means you have disposable money and in that case i also will not regard it as capital so don’t understand why he keeps arguing about this, I think maybe because he lacks understanding about it but i don’t get why a junior member rank will want to argue with a legendary rank with experience? Keeping a cool head and being loyal is the best way to gain knowledge and not argue even when you feel you are right.
The concept is not like that buddy, regardless of what rank we are here, in the end we are free to argue and debate with anyone because there is no prohibition when we argue with people who are ranked higher and vice versa. This is a free forum where we can express ourselves towards the discussion that we are discussing even though it is legendary with a newbie I don't think it is a problem.
Back to the original topic.
JJG I don't really understand the sentence you said, actually I agree with the sentence “Being able to invest into something like bitcoin is called having disposable income” But on the other hand isn't it when looking on the one hand when we start investing and making purchases in bitcoin isn't what we put in can also be called initial capital for us to be in bitcoin because even though this is a long-term investment,
still recording initial capital is important so that we can find out how much we spend to buy bitcoin and how much profit (surflus) we will have in the future as part of the capital plus the profit earned.l
I'm a little confused, am I missing something here?
I agree with your point about anyone can argue or debate with whomever they want.
Regarding your question about the idea of "initial capital," you can call your investment into bitcoin whatever you like, and if you are calling it disposable/discretionary income or you are calling it capital, it comes off as a bit strange if someone has an income of $500 per month and expenses of $400 per month, and they are putting $10 per week into bitcoin. Difficult (and seemingly misleading to me) to call that $10 per week initial capital, but you can call it whatever you like.
Part of my point, and many guys here seem to "get it" is that if you are starting to invest into bitcoin, and the only thing that you have is some quantity of disposable/discretionary income that you are investing into bitcoin, then likely you are converting your disposable income into capital, especially after many years of investing into bitcoin,
but part of the fact that you don't really have any extra money (except your disposable/discretionary income, it is seems strange and misleading to be calling that capital, even if it might later add up in such a way that the "capital" label will start to make more sense.
Sir I might start to understand your concept and I'll try to explain what I understand here if I am mistaken please correct, due the fact that we are investing from our disposable income which could turn out to be some very little amount or a little percentage when compared to our total income we can't can't that capital, cause when the word capital is normally used it is used in terms of wholeness, like if I wanted to start up a business and i don't have the complete funds to start, i can't go around calling my first savings a capital since its just a part of it, but if I have saved that up and it has become large and enough to start my business then I can call that a capital, so if I were to relate this to buying bitcoin with our disposable funds, i can understand that what we are doing with DCA is just like Pilling up small funds to get to a point that we have invested an overall sum that we can call a capital. Or in some sence if someone were to start his investment with a lump sum of let's say above the very average DCA amount which could be around 4k then we can call that that capital, im picking this part from the part I highlighted in your third paragraph.
Sure there are ways we can record our ongoing investments and it has been brought up and confirmed to be helpful so many times even more than just for knowing how much we have invested in bitcoin, this can also help us go back to repharse or steps and know where we have made mistakes and apply correction in our future plans, you can use an excel software to keep record of your investment actions or I myself I use a journal, but once I have a laptop as i planned to get one even if I have quite been unwilling to get one I would start using excel for that purpose, I just seem to enjoy the traditional pattern of keeping record.