To get started investing in bitcoin, you need discretionary income not a steady source of income.

If some one buys bitcoin once or twice and then loses his job or runs into other financial problems where he is not able to buy more bitcoin, then he is just stuck with the bitcoin he already bought and he is not able to continue to build.

He had still invested in bitcoin, even if he cannot continue to add to his bitcoin stash.

Sure, it is preferable that he continues to buy bitcoin after the first purchase of bitcoin,. .yet at the time when he bought his first bitcoin he might not have had known the extent to which he was going to continue to have income coming in after the first purchase, yet he would not have had been foreclosed from starting to invest into bitcoin, becuase he met the basic requirement of having discretionary income at the time of his initial bitcoin purchase.


Each and every one of us has the problem to attempt to decipher between good sources of information and bad sources of information and various levels of good and bad in between... That is part of critical thinking to be able to sort through good and bad arguments and to give weight to good and bad arguments, since even certain credible sources can be wrong about certain things or have bad logic on other things.

Also when we are brand new to a topic (such as bitcoin) we might be able to learn from a variety of sources, and sure there is going to be fear that we might learn some bad habits or learn bad information in the beginning, and surely it can be problematic to build upon information (foundations) that are weak, wrong and/or incorrect.

Most people gain their financial knowledge from the internet because it is the best place to interact with different people all over the world, your advice should be that a newbie should not only be convinced by what they learn from a single entity who claim they are knowledgeable enough to teach or give an insight about the basic knowledge needed for their investment in bitcoin. A newbie should sort ideas from different investors then he should be able to access all the points and find out the best knowledge he will apply. We are already in digital era, gone are those days when you will need to meet people facially for them to explain some certain things you want to know about investment. Take a look at the forum, is it not the internet? But we have so many individuals who are well experienced about bitcoin investment here so it's about getting the right knowledge from the internet.

Exactly Jay, uhmm I think we've talked about this in the past can't figure out whether it's in this thread or another one but anyway Wind_FURY is right, to be called an investor, I mean a Bitcoin investor one must have something doing that would fuel their accumulation journey and keep it going for years, there's no point trying to act smart and end up making a terrible mistake cause the person would definitely fall back to their portfolio on the long run and that's definitely a trader or gamblers vibe, going into Bitcoin is not for those who wants quick money, it's for the futuristic folks that have patience and backed with a means whereby they can constantly generate funds to keep accumulating for long, it's definitely not for folks without a job cause I don't see how they can comfortably afford investing periodically when they have no source of income.

Not all social media post are correct, sometimes people post things for their own selfish interest most especially bloggers who are looking for engagement, so as a newbie or beginner it is very wrong to depend and believe so much on the internet because not all information are true. A lot of people have been misled and they have lost a lot of money because of what they saw on the internet. One doesn't need so much knowledge before they can be able to invest in Bitcoin.

However, one doesn't have to make mistakes in there investment before they can learn because mistake are not always funny and it can be very disastrous at times. Getting started is all about determination and having a source of income that is enough to take care of one's investment.

It's not very difficult to get basic details of Bitcoin as they are readily available on internet. If one has acquired basic understanding of Bitcoin then their is no harm in getting started with small amount. Because in the start we all do mistakes that results in monetary loss and these mistakes helps us in understanding how to invest in Bitcoin. As a newbie if we get ourselves familiar with DCA then we can save us from initial mistakes and monetary loses. The only thing difficult is getting started and getting on the track, after that it's a smooth sailing.

A beginner should not rely on the internet (social platforms) to gain basic knowledge about Bitcoin. I would rather suggest that instead of using the internet, one should become a trusted person and depend on him to gain basic knowledge about Bitcoin. Because, finding the right source from the internet is not an easy task for a beginner or a newbie. Rather, he will not be able to gain proper knowledge about Bitcoin by collecting or reading information from wrong sources. Because they do not have the verification capability. So I would completely discourage relying on the internet for basic knowledge. Try to find a skilled Bitcoin investor and ask him.

If an investor understands the importance of DCA at the very beginning and starts investing through DCA, then it will be the best start for him, gaining basic knowledge about Bitcoin is not very difficult now, but the main thing is to determine the right investment strategy, which most investors make wrong decisions at the first stage, due to which they face some losses and disappointments at the first, but if they make realistic decisions and understand the real potential of Bitcoin, then they should definitely invest in Bitcoin through DCA. People are deprived of making profits most of the time just because they are unable to use the right strategy, so beginners should first plan to start investing with patience and discipline, and the best strategy for this is the only DCA strategy.

It's not very difficult to get basic details of Bitcoin as they are readily available on internet. If one has acquired basic understanding of Bitcoin then their is no harm in getting started with small amount. Because in the start we all do mistakes that results in monetary loss and these mistakes helps us in understanding how to invest in Bitcoin. As a newbie if we get ourselves familiar with DCA then we can save us from initial mistakes and monetary loses. The only thing difficult is getting started and getting on the track, after that it's a smooth sailing.

It's not very difficult to get basic details of Bitcoin as they are readily available on internet. If one has acquired basic understanding of Bitcoin then their is no harm in getting started with small amount. Because in the start we all do mistakes that results in monetary loss and these mistakes helps us in understanding how to invest in Bitcoin. As a newbie if we get ourselves familiar with DCA then we can save us from initial mistakes and monetary loses. The only thing difficult is getting started and getting on the track, after that it's a smooth sailing.