To get started in bitcoin investing in bitcoin, all that is needed is discretionary funds. Sure it might be helpful to have a budget to figure out future ways to keep buying bitcoin.. but it is not necessary to have all those matters sorted out in order to get started investing into bitcoin, and yeah, you are correct, if a person fucks up and spends from money that he needs for expenses a short time later or even in less than 4 years, then he is not investing, but instead either trading or gambling.
you are very correct JJG, having a budget to figure out future ways to keep buying bitcoin might be helpful, but it is not necessary to have all those matters sorted out in order to get started with bitcoin, because It can delay the person bitcoin investment journey if he or she want to put everything in place before getting started with bitcoin. All the person need is discretionary income to start investing in bitcoin.
You are also correct JJG if a person fucks up and invest funds that is needed to settle his or her expenses that person is not longer investing, rather he or she is either gambling or trading. And that's not the right way to approach bitcoin, what a person needs to invest in bitcoin is his or her discretionary income and not funds that he or she needed to settle expenses.
Right, we really need to be a educated investor in Bitcoin. There could be school of thoughts here that I know that advises to just invest without any plan. That is a wrong mindset because you don't have any plans. It's like you are going into war with just knives or with no bullets. And if you are really meticulous person, then you will have to lay out your strategy for years so that you won't be sloppy or neglect your Bitcoin investment.
So there is this mindset to be really mentally resilient that whatever comes, you will continue to invest. And then everything will fall into pieces for us, and we can call this "strategic choice", - Delayed Gratification.
I will invest in Bitcoin, this is a plan, I will keep investing in Bitcoin for this specific period and I will invest this specific amount of money continuously, this is a plan. If we cannot start investing after making this plan, then it is definitely a failure for us.
In the case of many investors, they plan to invest, but while investing, they wait for the market to come much lower than the current price, but the market does not actually change as they wish, due to which they cannot invest even after a long time. Basically, there is nothing to worry about so much at this time, if the previous plans are correct, then investment in Bitcoin can be made at any price level later because it is not trading that a person has to worry so much, since Bitcoin will be purchased step by step, in this case, Bitcoin will go up and down during these times, as a result of which a price agreement will be automatically created if you invest continuously.