Quote from: Umulala-alala on Today at 05:21:34 AM

Quote from: Popkon6 on Today at 02:11:22 AM

Quote from: Joeboy on Today at 01:59:57 AM

Are you trying to say that with basic knowledge a peerson cannot invest in Bitcoin? Well I do not agree with you coz basic knowledge is actually enough to kickstart your Bitcoin Accumulation journey.....When I say basic knowledge i am referring to this simple but important things, whichh are:

Where to buy Bitcoin ( and probably where to sell though not really important)
Where to safely store your Bitcoin by practicing things like self custody
That Bitcoin is volatile( The price goes up and down and as such only your discretionary income should be used for investment, not money needed for your surviival.
Bitcoin is divisible( you don't need to buy 1 whole Bitcoin, you can simply begin by stacking up a few Satoshis).

I would like to add something more to your information, if the investor wants to invest in Bitcoin, then he must remember the DCA method. Because even if the investor is poor and needy, he can still invest in Bitcoin according to his ability, he will only continue to make regular purchases according to the DCA method according to his ability. If he follows the DCA method weekly, then if he can invest $ 50 to $ 70 per week, then he will definitely be able to collect a large amount of Bitcoin at the end of the year.
In this way, if he continues to invest in Bitcoin according to the DCA method for the next few years, then he will definitely be successful according to his plan. Because an investor can definitely complete his investment successfully according to the DCA method, he should continue to invest in Bitcoin until one Bitcoin is deposited with him.

Sometimes let's try and be realistic how can a poor man some one struggling to meet up his needs invest in BTC? I think this will hard for him to continue with his bitcoin investment for him to might have afford $50 to $70 as his discretionary income to invest simple indicates that his not poor either from the middle class, unless he isn't investing with his discretionary income which is gambling, am not saying that poor people can't invest in BTC but not the ones struggling to meet up their family need remember we invest in bitcoin with our discretionary income if a poor person can be able to settle his need and find out if he still has a discretionary to invest then he can but not with money for the family up keep.

Exactly, people misunderstand that people of any social class can invest in bitcoin as long as the have their discretionary income available to them, if a person can not afford to have some money left behind after paying their bill then this people can not afford to invest, if they decide to then they are gambling with their financial security and their entire investment will be put in jeopardy, so to invest, a person needs to secure their discretionary income and keep up their consistency.