Quote from: Cgrexp on Today at 03:33:22 AM

Quote from: Miles2006 on July 29, 2025, 08:28:38 PM

Quote from: Cipherpz on July 29, 2025, 12:55:46 AM

The most important thing is to start consistently, not the amount of Bitcoin. To start any investment, you should first have money, sufficient knowledge, or absolutely perfect market conditions.
Whether you are a pensioner, a student, a low-wage earner, or someone who has something in hand at the end of the month you can still be a successful investor in the world of Bitcoin—if you are consistent.
For those who have a long-term view of Bitcoin investments, the main objective should be to hold on to time. Whether big or small, this is your real capital. You need to see each day, each week, or each month as an opportunity—not in the light of market momentum or news. Small steps make a big difference in the long run.

Money is necessary before starting but when looking at it from a different point of view whereby having a source or sufficient money before investing can be difficult for starting bitcoin investment rather when having a discretionary income meant for investing sounds better for example having money is different from a discretionary income basically this fund is needed for investing in bitcoin. Sufficient knowledge might not be the major criteria instead learning the basic knowledge about bitcoin can be helpful at an early journey afterwards an investor can decide to go deeper obviously bitcoin knowledge can be a bit broad.
If a person condition is that low as mentioned they can buy bitcoin in little fraction according to their discretionary income and hold for a long time, the dca strategy is mostly common in this field, create a budget after monthly or weekly pay dividing each share according to the demand while bitcoin investment is at the corner, after listing down every needs the (discretionary funds) left over funds is meant for buying bitcoin and building the emergency funds.

I agree with you that the importance of a source of money, budgeting, emergency funds, and a healthy financial system for new investors is immense so that they can continue to invest consistently. I think that when prices fluctuate, it affects new investors more mentally. It is important for new investors to be mentally prepared for price fluctuations. If they are not prepared for this, then when they see the price falling, they will react. They will not want to continue their investment and will sell in panic. This is what happens in most new investors. Some sell in panic when they see the price falling, while others sell in the hope of making a profit when the price increases a little. As a result, they develop a trading mentality and move away from a long-term mentality. And when a new investor has a clear idea about the fluctuations in the market, he can make much more stable and reasonable decisions in real situations. In this case, he can use his ready funds or emergency investment funds properly without panicking when the market falls. As a result, he refrains from unnecessary sales and uses the opportunity for price drops as a investment opportunity.

I have not heard of such as emergency investment funds the usual term is called emergency funds and it's validation stand for it specific purposes in general as a safety cushion for unexpected or unplanned expenses that is separated from your investment money and completely has nothing to do with using it to buy Bitcoin when the price drops, I think what you should be referring to is the reserve funds which if there is preparation made for it, it can be utilize to buy Bitcoin dip, but for a new investors I will say that with a consistent DCA alot of dips can be catch instead of taking the direction of having a reserve funds to buy the dip which may or may not end up happening.
And talking about mentally readiness for price fluctuation for new investors, there is need to be investing smaller amounts of money that is being more conservative just as they will be gaining more confidence about the market experience most times is the best teacher.