Quote from: 7juju on September 20, 2025, 04:39:53 AM

Quote from: POPOLUV on September 18, 2025, 07:57:35 PM

I don't know why some folks are still thinking that you must have all the knowledge before he/she could start investing in Bitcoin, it is a totally ideas because Bitcoin is so wild in such that you can't finish all knowledge when it comes to Bitcoin, once you are still thinking that you not ready to buy Bitcoin and your discretionary income is available for you which you could have use to invest, what i will advise to those folks that think is not good to invest now that they will wait till when they have full knowledge and which i know that they can't finish knowing all Bitcoin finish because Bitcoin is something that keeps updating every single day, so those folks not to regret letter run, so it is better to buy now as you can afford using DCA strategy which can motivate you of not losing all you have invested for.

I quite agree with some of the things you said here, but the angle were I have little disagreement with you is were I highlighted in your post. I'm having troubles trying to figure out what you mean by "bitcoin keeps updating every single day" What updating are referring to please? Does it mean that the knowledge that were applicable in bitcoin investment few years ago are no longer valid or applicable today?

But to the best of my understanding, same application of those knowledge that worked for early investors are still working for those that came into bitcoin investment 1, 2, 3 years ago, even those that came yesterday and will still work for those that will come onboard in the future. It's just like mathematical formula, all you need do is follow the right formula and you will get the desired result. The buying methods has remained the same over the years, the total supply has been the same and will forever remain at 21 million. So I wonder what's actually updating every single day according to what you said above.

He could have said. Tick tock next block.

Bitcoin is updating every 10 minutes - and verifying the transactions (and the whole blockchain) every 10 minutes... but yeah, POPOLUV was not very clear in regards to what he meant.

Quote from: Stella Mese on Today at 06:02:37 AM

If we don't have a steady income, should we buy BTC? using the DCA method, for example Yes, sometimes there are people who can earn money by working, for example, as factory workers or office employees. But what about people who don't have a steady income? Do you have a good solution for this?

Of course, for those who already have a steady income, it's great because they can use DCA. But sometimes I wonder about those who don't have a steady income. I often ask my neighbors or the community about this, as there are many people who want to buy BTC, but the uncertain economy makes it difficult for them to do so.

You don't need a steady income to buy bitcoin. All you need is discretionary funds to be able to invest in bitcoin, yet of course it is much more difficult to determine that you have discretionary funds if you don't have a steady income or if you are not sure from where your next pay is going to come or how your much it is going to be.

One of the requirements to invest in bitcoin (or any other investment) is to have discretionary income, which means that you need to have extra money beyond the money used to pay your expenses.

Poor people are in a rough situation, unless they can figure out how to increase their discretionary income by increasing their income and/or cutting their expenses.

If you try to invest with money that is needed for your expenses, then you are not going to be ble to hold for 4-10 years or longer, and you would be trading and/or gambling with such money rather than investing... which means that you are expecting to take the money back out when you need it, presumptively in less than 4 years.. .that would not be investing , but instead trading (and/or gambling).

Each of us is responsible to figure out our budgets, and of course, we can do whatever, we like, yet if we make mistakes and we spend beyond our discretionary income, we may well end up losing bitcoin (and dollars or other fiat) based on our having had been using money that we need to invest an then ending up having to cash out a time that was not in our own interest to do so.