Re: Road to 100k?

Yeah, but so what? You don't need a lot of capital to either invest or to trade in bitcoin. Sure, the more capital you have the more advantaged you will be, yet bitcoin gives you a lot of opportunities, even without large capital, and you work with what you got.

So many times, poor people whine about how they would be so much better off if they had more capital blah blah blah.... and those seem like waste of time mindsets.. since you can both ONLY work with what you got, and yeah, it is obvious that more capital provides more options.... yet at the same time, there are opportunities, right here in front of all of us, to invest or trade in bitcoin without much capital at all. You can start with $10 or $100 or even $1k is not a lot of capital and figure out your strategy from there.

Don't get me wrong. Even though I mention trading, I surely am not much of an advocate of trading, especially with bitcoin and especially that there may well be way better ways to make money to invest and to build the capital that you have in your investment portfolio... and it going to tend to take a long time to build up an investment portfolio, whether you trade or not and whether you get income from a variety of sources, especially if you are starting out with low capital.. so yeah in some sense I am agreeing with you that it is better to have more capital, yet that is an obvious point.. and not even hardly worthy of being discussed since it is so obvious.. ... and yeah there could be some folks who are able to make more from trading than they would with any kind of a regular job.. but yeah, we get back to a certain kind of point that the investment portfolio (or trading portfolio or combination of those) needs to be built up if there is some kind of expectation that income from the investment and/or trading portfolio are going to pay for the person's living expenses in part or in whole, depending on what kinds of income such person might have from other sources... These are all in need of calculation for any investor and/or any trader..

Most folks, maybe even close to 90%, will not really be able to make money trading that would be sufficient to pay for their living expenses and still be able to invest or to maintain their investment or to maintain principle in their trading account, so these can be both complicated calculations, and also calculations that have quite a bit of individual variability that specifically relate to the person's 9 individual factors.

What is the essence of DCA if we can't start investing with the little amount we have. Anyone who complains about how much to start investing doesn't want to invest at all. They are procrastinating and would never buy even if they are rich. The solution has been there through DCA. It will allow beginners or old investor to slowly increase their portfolio while taking into account the inevitable fluctuation in the price of Bitcoin.

No doubt that it is important to have capital, but would you rather wait for you capital to expand before starting an investment and staying committed to it. I would understand if one knew that he can't keep up with the investment once he starts because the income is not a steady flow because he will lack commitment. Such person could possibly decide to wait until it becomes steady. Because one thing is to start, and the other is to maintain consistency and commitment in investing at the right time we choose to.

What you are saying is very much understandable, but have you considered those low income earners, those set of people that barely feed three square meal a day, how would they squeeze out something to invest when they can't even feed properly, and even though they manage to, with time, due to how things are difficult for them due to their poor income, they will still falls back to their holdings because they can't save anything out from there current monthly income due to hardship, so most times it not just about procrastination that has made some people not to have invested in Bitcoin, sometimes it's due to poor income, because am very sure that if your primary needs is not taken care of first, you can still invest, but you will not be able to hold firmly.

That is why it is very important before going into Bitcoin investment there are necessary funds we are suppose to set aside so that we are can able to hold our accumulated Bitcoin for a longer period of time without selling them off within a short while. We are suppose to have a reserve fund, float and emergency fund and also a discretionary income before an investor can be able to stand strong on his or her Bitcoin investment journey.

You are absolutely correct emergency fund is very necessary before going into any investment in case there's a challenge but then again, sometimes it's not really necessary to keep emergency fund before doing any investment and if I may ask how much will one keep as an emergency fund? Cause sometimes even the emergency fund don't use to be enough to solve problem(s) since we all know this why waiting to keep... Before venturing into Bitcoin investment and I want to let you know that there are people who didn't keep emergency fund but they are really doing well in their investment so we shouldn't sound like this is a criteria one ought to meet before going into investment though it's good but lack of it shouldn't be a barrier because the truth is we can't actually keep everything ready.

Well, I think the way you are sounding it seems that you are not really interested in setting up emergency fund, but I want to let you know that it doesn't matter how small or big the emergency fund is, what is the most important is having it at your back my mind before thinking of venturing into Bitcoin investment because as long as Bitcoin investment is concerned setting up emergency fund will really help you to hold your Bitcoin for a long term investment.