You don't have to have it all before you start your Bitcoin accumulation journey, all you just need is a source of income where you can be getting your discretionary income from, and it's through there you invest from, so you don't necessarily need to have it all before you start, along the line you can work on a way to improve your finances so that you can be more comfortable while investing.
There are many people who are very afraid of investing, they think that everything is needed to invest, but this is not the case. It is important to start investing. Because when a person starts investing, he will understand for himself what he needs to maintain the investment.
You can invest only if you have a discretionary income to invest and YOU CAN LEARN ALL THE THINGS ALONG WITH INVESTING. Like what to do will be very good for your investment which will help you maintain your holding for the long term etc. It is important for a person to start investing. If a person does not start investing and thinks that a lot of things are needed to invest, a lot of money is needed to invest. A person who thinks all these things without investing can never invest.
Talking about being afraid to invest with your discretionary income, from my own point of view those that are afraid to invest are the newbies that has not gotten the full knowledge on how Bitcoin works and best method to be adebted in order not to lose your money and you can't learn alongside your investments because it is assumed that before you should embark on Bitcoin journey it is very necessary for you to have the full knowledge on how Bitcoin works, because Bitcoin is not what you practicing on the process of investing when don't have the full knowledge on how to go about it, you should put in your best to learn all about Bitcoins before investing, so that you might not lose all your money on the process of practicing what you don't have the full knowledge. So it is those newbies that fall within the categories of not having the full knowledge on how Bitcoin works will be afraid of investing.
Knowledge is important and fundamental, but for Bitcoin, I believe having adequate knowledge is sufficient, as long as it's for a long-term goal. With a long-term goal, you have plenty of time to learn more about Bitcoin as a whole and how to invest effectively. What you need to know about a long-term goal is what to do and what you'll need during your long-term investment journey, such as a source of income. The source of income doesn't have to be a fixed income, as buying Bitcoin is important, although uncertain. You can buy when you have it, but you should still use discretionary income. If you do this consistently by buying regularly when you have income, you can buy Bitcoin. Don't forget to consider an emergency fund, and this can be done after you've made a decision due to limitations, as it's unlikely you'll sell it in the short term. Long-term goals allow you to plan for setting aside an emergency fund and increasing your income in any way. And that's the most important thing about treating Bitcoin for the long term, because the long term gives you time to grow and allows your desired plans to proceed smoothly.
How long did think it will take you to learn whole lot about Bitcoin before making investment? Investing in Bitcoin doesn't require learning all about bitcoin before you can get started and also what is needed to get started is having your discretionary income available for there is a different between having a source of income and also having a discretionary income, the time you will use in learning Bitcoin can actually be use in accumulating Bitcoin and also learning along the process if you have aquired some basic knowledge about Bitcoin investment and also have your discretionary income you can start accumulating Bitcoin gradually using the DCA strategy and hodl for 4-10 and more.
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