Re: Balancing Financial security and Bitcoin Accumulation

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.

Waiting for the right time to invest is never the right decision, there is no perfect time to invest, rather every moment is the best time to invest, so consistency is the most important thing in investment, a real investor will definitely decide to invest only in DCA, because DCA is the most effective strategy as a long-term investment strategy in Bitcoin investment. And of course using income under consideration to do DCA is definitely the best decision, so you have to keep yourself right in these matters, and decide to invest in a disciplined and consistent manner with long-term faith in Bitcoin.

There is no specific time that is the right time to invest in bitcoin, instead Every-time is right to invest in bitcoin, that is why we have a strategy as DCA to accumulate Bitcoin on a regular basis, I wonder why people still continue to think that there is a right time to make an investment in bitcoin while we can afford to accumulate when we have a discretionary income, we can always accumulate little by little depending on the level of our discretionary income which is more important to invest in Bitcoin. A determined fellow that wants to invest doesn’t think about specific time to invest in Bitcoin.

There's no right time to invest in Bitcoin other than investing when your discretionary income is available, but if you see anyone that's waiting for the right time to buy Bitcoin, just know that the person isn't buying Bitcoin with a long term mindset, and the person will have to wait to buy Bitcoin when a dip occurs so that it will enable the person to sell his Bitcoin once the price of Bitcoin starts increasing.

To start investing in Bitcoin, you do not need additional knowledge or a specific timeframe. It is very important to have a basic perspective to start investing. Basically, it is enough to have a specific discretionary income. It is not right to wait for the right time to invest in Bitcoin because we do not know anything about the future, whether the price of Bitcoin will increase or decrease. By starting to invest in Bitcoin, we can increase our knowledge over time, be aware of our own confidence and cash, and it will be much easier to make specific plans to increase our investment in Bitcoin. Additional funds are not required to start investing, but additional funds are required to make the investment long-term because the main purpose of dealing with the dangers of the unknown future and making an investment long-term serves.

You absolutely correct, people who know the importance of Investing in Bitcoin and holding will never wait for a particular period which some ignorant people call right time or perfect time because there is no such thing in Bitcoin investment. Anytime is perfect and right to invest in Bitcoin if you have the mindset of long term and have your discretionary available and your emergency and reserve funds because these are tools or equipments you need to have a successful investment and to scale through any obstacle because there will surely be a challenge but the ability for one to overcome without touching their investment makes that person a good and a wise investor because it shows the person was prepared.