We can prepare our bitcoin investment foundation and our cashflow management foundation as we are already starting to buy bitcoin on a regular basis, such as weekly...
You're right getting started is the most important thing instead of trying to lay a foundation or start imagining things that you're not even sure of, alot of people always keep making imaginations about how thier bitcoin investment is going to look like instead of getting started with thier bitcoin investment, doing this is just like a waste of time, because those time you're wasting to think about how your bitcoin investment will look like and how you're going to be in a profit is due to get started so Long as your discretionary fund is available.and yeah surely it could be the case that our first several weeks of buying bitcoin might not be large BTC purchases, so we might end up starting out conservatively as we get used to buying bitcoin weekly and also figuring out how aggressively we might be able to become in the future including exploring our own options, even if we might have had spent several weeks already buying bitcoin on about a weekly basis.
Yeah, but I think it depends on the amount we are putting into our weekly routine buying in that first several weeks of buying bitcoin. and yeah, some people might feel this way that's those people that does not have a good cash flow to be buying aggressively or putting a More reasonable amount. when a Guy Master the weekly buying of bitcoin the journey becomes easier as he will be trying to Stick to the ongoing buying of bitcoin until he build a very large portfolio or get to the status of overaccumulation.Sure, in theory, the buying of bitcoin should become easier as a guy gets more experience in regards to his bitcoin buying and his cashflow management, yet there can be guys who are in tough situations in their lives in regards to the steadiness of their income, problems with their expenses and/or their handling of various debts that they might have. Of course, it is more likely that guys will improve with their bitcoin investment and their cashflow management if they are trying to learn and to improve their situation, yet none of it will come automatically, especially if they might be coming to bitcoin with earlier bad habits and even perhaps having challenges in regards to their ability to even identify some earlier bad habits that they had.
Yes I agree with this, experience can make one to be inform, it can also make someone to be aware of unforseen circumstances and help one to prepare towards those situations. But in Bitcoin it is not really good to first have bad experience before one can really learn or adjust in some things, in as much we are investing knowing Bitcoin is a great asset we should also be conscious of some situations because it will help a lot, someone use to tell me " Don't wait for something bad to happen but rather try find out how it always happen, what makes it happens and look for a way to go about it even though you may not stop it entirely "
For a newbie who’s desirous to invest in bitcoin, I especially recommend that it’s better to get started first in accumulating bitcoin once you’re able to figure out your discretionary income because that’s just what’s needed to start investing in bitcoin. Your idea is good but I still think that most newbies will find it complicated or rather seems misleading when they read through the line where you said “the price of Bitcoin can increase from current price at any given time and the current price can be a dip”. This would seems as though you’re saying and encouraging they should only invest when bitcoin price dips. It’s better you let them know that they should get started immediately they are able to figure out their discretionary income no matter what the price of bitcoin is because they mustn’t buy all the coins. With their discretionary income available, they can adopt the DCA method of accumulating bitcoin and buy bit by bit either on weekly or monthly basis no matter what the price is using just their available discretionary income with the right strategy of investing for the long term goal of consistently, persistently accumulating bitcoin and hodl.
I also used to think that when the price of Bitcoin drops, you should buy more because the price of Bitcoin always fluctuates. I used to think like this too, that we should create a separate fund where we can save money to invest when the price of Bitcoin drops. Later, I realized that we should actually get rid of the word DIP from our minds because during long-term investing, we should get rid of this kind of thinking that the price of Bitcoin will drop or rise. So if the price of Bitcoin doesn't drop significantly in the future, I'll regret not investing the funds I created to buy it in DIP earlier.. So I completely agree with you. We should You should build your own emergency fund and reserve fund and invest in Bitcoin by following the monthly or weekly DCA method.
https://x.com/cryptonewspod_/status/1950914989276967320
If we look at the statistics, we can see that so far 97% of people who have HODL Bitcoin have made a profit and are in a profitable position. Only by holding can we get the real profit of science. The longer we can hold, the longer we can invest regularly, the more we will benefit. So if someone wants to invest in Bitcoin, first of all, he has to fix the mentality that I will invest in Bitcoin for the next 4 to 10 years. Later, he should focus on fund management. He will create a reserve fund and an emergency fund so that he can continue to buy Bitcoin if he faces any economic problems in the future.