Quote from: Solokan on Today at 08:41:15 AM

Quote from: Gallar on Today at 03:45:34 AM

Quote from: Moreno233 on July 29, 2025, 01:04:22 PM

Quote from: ChocolateBitcoinK on July 29, 2025, 11:53:54 AM

Quote from: Gallar on July 29, 2025, 11:25:04 AM

I don't think investing in bitcoin needs to be that complicated. Because in essence we only need to have discretionary funds and we can immediately invest in bitcoin. So in my opinion a bitcoin investor does not need to monitor the market all the time, because for an investor of course it is a waste of time. Because you need to know, an investor in bitcoin, will not care too much about the price fluctuations that occur in bitcoin. Because basically price fluctuations will only be a threat to a trader. Because they struggle with price fluctuations, so traders will definitely continue to monitor the market, because they are afraid of being exposed to liquditas. So the point is if you assume that a bitcoin investor must always look at the market, I think that's an incorrect assumption. And you also need to understand, long-term investors in bitcoin do not care about the current bitcoin price, because their goal is in the future.

As difficult as people see Bitcoin, it is actually not that difficult, if you can fully prepare your mindset to hold Bitcoin for the long term, then it will definitely bring you great success in the long term. You never need a large amount of money to start investing in Bitcoin, your income is not an issue, and if you have decided to hold it for the long term, then you do not need to worry about the market, if you are completely confident about the market price and continue to buy consistently, then it will definitely bring success in the future. In the case of Bitcoin investment, you need to have patience and long-term faith in Bitcoin, when you can have strong faith in the future of Bitcoin and hold it for the long term, then your chances of success are much higher.

Having faith in Bitcoin is important for you to get started but you must back your faith with action because "faith without work is dead". The type of action you need to implement starts from planning your finances so that you will be able to separate your discretionary income from your basic needs and ensure you invest the right way. In life nothing beats planning and the moment I started planning my finances very well to make room for investing in Bitcoin, I have become more conservative in spending and that has translated to me holding a decent of my fund in Bitcoin. So, faith in Bitcoin is important but nothing beats planning because it is through planning you will be able to hold your purchased Bitcoin.

Yes, you are right that investing in bitcoin does require a little planning and also readiness. Because these two factors do play an important role in our bitcoin investment. But besides this, I think we also have to be brave to start, because even though we have planning and readiness, but do not dare to start, of course it is also not good. Because basically starting to dare to buy bitcoin is the most important thing. Because there are so many people who make too complicated plans, but in the end they are stuck in the thought that they have to buy bitcoin when the price drops. So that's why I personally emphasize that investing in bitcoin is not complicated, because the point is you only need to have discretionary income regardless of the nominal amount, the most important thing is that it can be deposited on the exchange, I think that's good enough. And only then can you learn bitcoin little by little while running periodic accumulation or DCA.

I agree with you, of course, planning and readiness are indeed necessary when going to invest in btc because it is true that without planning and readiness it will certainly be difficult for anyone to invest in btc because it is like many who postpone investing in btc who ultimately do not get greater benefits from investing in btc. investing in btc is really not complicated as long as we have discretionary income then of course it is true that we will easily live with it.

But certainly if we invest in btc for the long term, of course we also have to be strong to hold because there are a lot of people who invest in btc but they forget about their long-term investment intentions because they are tempted by small profits and finally they sell their btc which ends up not being much and maximum when they get profit because they don't hold btc for long. I'm sure there are a lot of people who experience that, for example like people who buy btc at $20k and sell it at $30k. so the point is that we really have to be strong to resist temptation and must be strong to hold btc for the long term.

Planning to invest in bitcoin When you’ve already got a discretionary income to start with will perhaps cost you some time wasting. I mostly tell people to start investing in bitcoin once they are able to figure out their discretionary income rather than spending time contemplating and planning on probably on the right time for them to start, perhaps they are planning to accumulate when the price is low, . I don’t seem to understand what the plans are but to the best of my knowledge I think that you mustn’t planned to figure out everything before you get started in investing in bitcoin, the only plan is to figure out if you have a discretionary income to start with. it’s better to get started first to accumulate bitcoin once you have the discretionary income and then as time goes on you begin to figure out the rest because for sure you cannot get everything rightly planned as far as bitcoin investment is concerned, you will definitely be learning and making some adjustments where necessary as you continue with your ongoing accumulation.