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.
Of a truth waiting to get all our budget figured out before getting started will make us not to start our accumulating journey on time, but I feel that this is supposed to be a personal decision if we are to get started or to wait until we get all this figured out. so you can't possibly say that is not necessary to wait until we get all this matters sorted out before getting started, as you can't speak for others, If you feel that getting started is your best step to take maybe with time you will be looking for a way to get all this matters figured out, is also a nice idea. So I feel that this is just a personal decision.
Yes, you are right. Investing in Bitcoin is a completely personal decision of an individual. We cannot force anyone to invest. We can only give them the right advice.
Since we have decided to invest in Bitcoin. So we have to do all the things through which we can easily accumulate more Bitcoin. More or less, we all have the desire to accumulate at least 1 Bitcoin in our portfolio. But most people start accumulating Bitcoin in the wrong way. Some do not have a proper plan. Some use investment as an emergency fund. Some wait to create all kinds of backups before investing.
I want to tell all of them, you should not plan so much without starting investing. Start investing as soon as possible. Because,
two things are needed for a person to invest in Bitcoin. 1. Regular investment 2. Managing the investment with prudent income. Nothing else is needed beyond this. However, the additional things we are talking about are the things to do to sustain this investment consistently. Therefore, although investing is a personal matter, I believe we should be given sound advice.
You don't manage investment with prudent income rather you manage your investment prudently I mean these are two different thing and I believe anyone who wants to go far in this journey have to be prudent ( wise) while carrying out his or her investment activity. Over time, one important thing I have discovered about Bitcoin is reliability because over the years it has been fluctuating and yet still maintain it potential it means it is a reliable asset that we shouldn't toy with and people who has long term mindset and has exercised patient can testify on what I'm saying.