Quote from: ejikeme24 on Today at 03:20:21 PM

Quote from: Achalugo BTC on Today at 01:08:13 PM

On point, knowing the basic knowledge and understanding of investment is very crucial, as it helps one to be able to navigate through challenges and avoid making mistakes that most newbie's made.

Sure having the Basic knowledge about bitcoin investment is what matters the most, then every other things will be review to you when you get started with your bitcoin investment.and yeah, anyone who fails to get the Basic knowledge about bitcoin investment before getting started will definitely end up blowing everything up.

Quote from: Achalugo BTC on Today at 01:08:13 PM

Also, applying the rules or the knowledge of investing, it can help to know when to invest and when not to, even if one has all the knowledge to start, without having proper financial stability to use it for investment and can still have some to use it for emergency purposes or when one is in their hard times can be very risky, for it won't help to achieve their financial aims.

You don't necessarily need to figure out when to invest and when not to invest, the only thing that is supposed to keep you on hold is your discretionary fund, but if your discretionary fund is available you don't really need to be waiting for the perfect time but to start as soon as possible because if you're waiting for the perfect time before getting started you might end up regretting like other guys so as a no coiner or a low coiner you're not supposed to be waiting for the perfect time before investing, rather you can use the DCA method to be accumulating little by Little with time you will get to that stage where you will think is the perfect time to get started then you will have to apply some aggressiveness, rather than keeping yourself waiting.

Well you're right. Getting started with Bitcoin as soon as possible is a good idea and using DCA method can help one to be accumulate assets as the time goes on. As having discretionary fund is good to help one when investing but it's good to consider the idea of also having funds that can be use to sort out other financial problems, so that you won't forced to touch your investment money when time is not right yet.
And this step, will also help one to make well plan decision and avoid mistakes that might ruin their goals.

Though, there are some cases where the individuals don't really care to have a plan about keeping funds aside to be used for other financial obligations. All they want is to build up their investment and emergency fund at the same time, not minding how stressful it would be, which might also be some risks too.

Which is why it's important for one to balance both investment and other financial obligations.