Re: Balancing Financial security and Bitcoin Accumulation

You know what you must know is that people don't usually know when to invest, how to invest and when not to invest. Usually, investment is when you are financially stable to make it reality but most people nowadays jump into investments without at least having source of income or something that would give them income when they are in need or lacking moment.
It's true that everyone out there loves investments but getting to know the rules of investment is what most people are lacking, that is why many people faces hard time with their investments or ends up pulling off their investments when their time isn't yet to come.

It is better to invest by making a good plan before investing. Because if you rush into investing without planning, you can put your holdings at risk. For example, if you do not have proper financial management, you can fall into a financial crisis and after a while you may have to sell your holdings. If you make a proper plan, if you go in that way, you will get benefits in many ways. For example, if you go in a plan that measures how much money you need and how much money you have allocated for your investment, then the chances of you falling into a financial crisis will be greatly reduced, unless you fall into an unexpected financial disaster. So always plan wisely and keep your holdings safe.

I think with bitcoin, one of the best things is to get started as soon as possible. You can work out the details as you go.

Don't get me wrong, there are a lot of good things that come from planning, but you can still get started buying bitcoin and plan at the same time.

You’re absolutely right, it makes more sense to get started instead of waiting to get everything in place, especially trying to plan to get everything set up that would be wasting of time and might just end of missing opportunities by planning, a true investor wouldn’t be waiting to get everything set up instead you can start investing and accumulating as long as we have a discretionary income, and then be planning at the same time which is all achievable.

If you said a true Investor wouldn't be waiting to get everything set up, then those who are planning to get everything set up before getting started is called what? If we are talking about true investors here I would say that those guys that choose to get thier plans set up before getting started is supposed to be considered as true investors because they know that bitcoin investment need alot of attentions which is why they will prefer having all their budget figured out to enable thier accumulating journey to move smoothly. so for me I will pefer to have most of my budgets figured out so as to ease some stress/ distraction. Because getting started when you have not yet set up any of your plans can bring alot of stress/distraction.

Those who waits to have everything set up before getting started are probably lazy and unserious investors, and i don’t even know what they are setting up before getting started in bitcoin investment other than just figuring out their discretionary income. Those who waits to get everything set up are only procrastinating and procrastination is just a thief of time in the sense that during the period you’re trying to set everything up which I don’t know what you’re setting up anyway, that time you would have used it to accumulate enough bitcoins no matter how little amount you start with and gradually you’re already building up your portfolio. A truly serious investor doesn’t wait to get everything set up for him or her before getting started, rather once he’s figured out his discretionary income, he will start immediately without procrastinating or wasting time. The only budgeting needed here is just to figure out your discretionary income once you’re desirous to venture into bitcoin investment, and get started immediately instead of waiting to set up everything, it’s better to get started first and along the line you can be able to figure out every other thing possible such as building up your emergency funds while you’re accumulating bitcoin.