Search content
Sort by
Showing 20 of 123 results by Silikiem
I agree that bitcoin is for everyone and anyone, yet there is a need for a discretionary income or an ability to grow a discretionary income in the cases that a person does not already have a discretionary income.
These matters of income inequality are not easy to overcome for some folks it is more challenging than others, and surely the poor people have to have fewer mistakes and to be more organized than the more well-off people, and so I am not going to proclaim that all poor people are responsible for their own situation, even though there could be some avenues for some of them to grow out of their predicament.
You may well be correct that some poor people are very irresponsible with their money and they have bad habits and bad money habits, which may well be true, and the direction out of their own bad habits and bad mindset is also not necessarily clear since even a poor person who is truly inclined towards the employment of good habits might not always know how to attack their various problems in such a way that will help them to rise into a higher income and/or social status, which will help them to get higher income or even to be in circles of folks with better information, and surely in a forum like this there are possibilities to be exposed to better information, yet there still are needs for people to learn from the information and act upon the information in a way that makes sense to themselves and their own circumstances, even if they might still need to unlearn some bad habits that they don't realize that they need to unlearn.
So true and i also believe that being poor is just a mindset of people who thinks they are not financially capable to invest in bitcoin because of the perspective they have in bitcoin investment. Most folks believes they don’t have what it takes to venture into bitcoin investment financially, but deep down they really do have the financial ability to do so. Not that this people don’t have the discretionary income to start investing in bitcoin but they feel the income is not enough for bitcoin investment and at such most folks who are in this category tends to hold this said money with them with a mindset that they are saving for a more higher income to be able to start investing in bitcoin, where as they can easily purchase a little fraction of bitcoin from it and hold until when they are also able to figure out another discretionary income and purchase from it also and hold gradually. The easiest way to become poor is having money, no matter how small or huge and keeping it with you without investing it, especially in bitcoin investment because here you don’t need very huge amounts of money to start investing in bitcoin, just a discretionary income and you’re good to go. So I think that once this category of people are able to overcome this kind of feeling about bitcoin investment they will be able to grow out of their predicament.
You know what you must know is that people don't usually know when to invest, how to invest and when not to invest. Usually, investment is when you are financially stable to make it reality but most people nowadays jump into investments without at least having source of income or something that would give them income when they are in need or lacking moment.
It's true that everyone out there loves investments but getting to know the rules of investment is what most people are lacking, that is why many people faces hard time with their investments or ends up pulling off their investments when their time isn't yet to come.
It is better to invest by making a good plan before investing. Because if you rush into investing without planning, you can put your holdings at risk. For example, if you do not have proper financial management, you can fall into a financial crisis and after a while you may have to sell your holdings. If you make a proper plan, if you go in that way, you will get benefits in many ways. For example, if you go in a plan that measures how much money you need and how much money you have allocated for your investment, then the chances of you falling into a financial crisis will be greatly reduced, unless you fall into an unexpected financial disaster. So always plan wisely and keep your holdings safe.It's true that everyone out there loves investments but getting to know the rules of investment is what most people are lacking, that is why many people faces hard time with their investments or ends up pulling off their investments when their time isn't yet to come.
I think with bitcoin, one of the best things is to get started as soon as possible. You can work out the details as you go.
Don't get me wrong, there are a lot of good things that come from planning, but you can still get started buying bitcoin and plan at the same time.
If you said a true Investor wouldn't be waiting to get everything set up, then those who are planning to get everything set up before getting started is called what? If we are talking about true investors here I would say that those guys that choose to get thier plans set up before getting started is supposed to be considered as true investors because they know that bitcoin investment need alot of attentions which is why they will prefer having all their budget figured out to enable thier accumulating journey to move smoothly. so for me I will pefer to have most of my budgets figured out so as to ease some stress/ distraction. Because getting started when you have not yet set up any of your plans can bring alot of stress/distraction.
Those who waits to have everything set up before getting started are probably lazy and unserious investors, and i don’t even know what they are setting up before getting started in bitcoin investment other than just figuring out their discretionary income. Those who waits to get everything set up are only procrastinating and procrastination is just a thief of time in the sense that during the period you’re trying to set everything up which I don’t know what you’re setting up anyway, that time you would have used it to accumulate enough bitcoins no matter how little amount you start with and gradually you’re already building up your portfolio. A truly serious investor doesn’t wait to get everything set up for him or her before getting started, rather once he’s figured out his discretionary income, he will start immediately without procrastinating or wasting time. The only budgeting needed here is just to figure out your discretionary income once you’re desirous to venture into bitcoin investment, and get started immediately instead of waiting to set up everything, it’s better to get started first and along the line you can be able to figure out every other thing possible such as building up your emergency funds while you’re accumulating bitcoin.
⭐ Merited by JayJuanGee (1)
If someone invests with knowledge about digital economic infrastructure, blockchain technology, cryptocurrency and Bitcoin and understands how they work well, then this can be a modern and groundbreaking step, but if you invest not blindly but with awareness and a long term perspective, you can definitely expect something good from it.
Hopefully guys are not expecting to need to know about shitcoins in order to understand bitcoin first.
And even with bitcoin, there is no need to attempt to have extensive knowledge prior to getting started investing in bitcoin. Many folks should get started with bitcoin and focus on bitcoin first and learn about bitcoin while they are learning about their cashflow management. They do not need to learn about shitcoins and crypto and blockchain technology and mumbo jumbo.. They may well need to learn to figure out if they have a discretionary income or not so that they can get started buying bitcoin, and sure maybe they do not know very much about bitcoin when they first start except looking at a price chart and seeing that the price has tended to go up and down and maybe realizing that it is not guaranteed to continue to go up, and maybe they start out in bitcoin and they are pretty sure that they have $100 per week that they could invest in bitcoin if they were to have confidence in bitcoin, yet they might be nervous about bitcoin, so they might purposefully start investing $30 per week until they get more comfortable to hopefully be able to increase their investment amount to $100 per week and perhaps greater and greater amounts.. and it can surely take some time for any newbie to become comfortable with bitcoin, even though surely some guys learn faster than others, and some folks have more experience in their investing and/or cashflow management practices than others, too..
Such a true fact and I agree with you JJG that one mustn’t have all the knowledge about bitcoin before getting started in investing in bitcoin, rather all you need is just to figure out your discretionary income to start investing. The decentralization in bitcoin makes it obvious that you can’t control or predict exactly what will happen next even if you gain all the knowledge in bitcoin investment, because personally I think that the reason why most folks will tend to gain all the knowledge in bitcoin before they start investing is because they are probably wanting to control the outcome of their investments to always be favorable to them, but if that’s the reason then it’s a wrong move and that time you’re wasting and trying to know everything, you should be using it in accumulating bitcoin and gradually build up your portfolio with a long term investment strategy. Once you’re desirous to venture in bitcoin investment, all you need is just a basic knowledge which is nothing more that figuring out your discretionary income and start investing as soon as possible, then as time goes on you’ll be able gain more experiences while you’re accumulating bitcoin. In conclusion , the best way to learn and know about bitcoin investment is by getting started with your investment immediately you dream of it.
Re: A newbie shouldn't think of profit making but building up Bitcoin portfolio
As a newbie that has joined Bitcoin newly should never have the mindset of making a quick profit at the earliest stage of his Bitcoin journey than to remain focused on how he can build up his Bitcoin portfolio, because bitcoin required enough patient, time and hard working in order not to be discourage when you think you are not making a quality post like others, you meant decide to give up in building up your Bitcoin portfolio, as a newbie you don't have to be discouraged no matter how hard in building up Bitcoin portfolio meant looks, you should always have it in mind that in life there are always a hard time for everyone, all we need is to be courageous enough never to give up upon yourself but to bring out best and do your best in making sure that you never be discourage but to keep pushing to get the top of it.
I keep saying it that anyone who ventures into bitcoin investment with the mindset of making a quick profit is not an investor, but a trader. Bitcoin investment is a long term investment and whoever wants to venture into it must have the long term goal of investing and hold for the long term and not trading for a short quick profit or panicking whenever you notice a little downturn in the market.
You know what you must know is that people don't usually know when to invest, how to invest and when not to invest. Usually, investment is when you are financially stable to make it reality but most people nowadays jump into investments without at least having source of income or something that would give them income when they are in need or lacking moment.
It's true that everyone out there loves investments but getting to know the rules of investment is what most people are lacking, that is why many people faces hard time with their investments or ends up pulling off their investments when their time isn't yet to come.
It is better to invest by making a good plan before investing. Because if you rush into investing without planning, you can put your holdings at risk. For example, if you do not have proper financial management, you can fall into a financial crisis and after a while you may have to sell your holdings. If you make a proper plan, if you go in that way, you will get benefits in many ways. For example, if you go in a plan that measures how much money you need and how much money you have allocated for your investment, then the chances of you falling into a financial crisis will be greatly reduced, unless you fall into an unexpected financial disaster. So always plan wisely and keep your holdings safe.It's true that everyone out there loves investments but getting to know the rules of investment is what most people are lacking, that is why many people faces hard time with their investments or ends up pulling off their investments when their time isn't yet to come.
I think with bitcoin, one of the best things is to get started as soon as possible. You can work out the details as you go.
Don't get me wrong, there are a lot of good things that come from planning, but you can still get started buying bitcoin and plan at the same time.
This is true and I quite agree with you because from my experience in bitcoin investment I have learnt that you don’t need too much planning to get started in the sense that once your desirous to venture into bitcoin investment, the only thing you need is just your discretionary income to start with, you are not required to hire or rent a shop, neither are you required to start planning to hire some staffs or workers to work with you or better still train them for the investment you’re about to start. Here, it’s just you and your basic knowledge of bitcoin, provided your discretionary income is available then you’re good to go. And if the only reason that you’re taking so much time to start because you are planning and being careful not to make mistakes or run a lost in the long run, then you’re wrong, because you can never know it all as far as bitcoin investment is concerned. It’s highly volatile and sometimes you can’t predict what will happen next. So the best thing to do is to just get started and along the line as you continue with your accumulations you’ll be able to learn and experience new things which will help you to be making wise decisions as your investment journey continues in the future.
I agree with you that there are many shitcoins in the market that have been in the same position for a long time but reviewing the history of Bitcoin will give you a good idea about investing because Bitcoin is a store of value. The main hope of investing should be to set a time frame for the savings plan until it reaches a normal level as 4-10 years on a regular basis. A normal level is an amount that the investor can be satisfied with holding. Most people have unlimited needs but their capabilities are very limited as lack of sufficient money and inability to implement proper planning. Some investors run Bitcoin accumulation even if there is any amount of discretionary income source. You should have a plan to ensure proper use of the small amount of assets. Proper planning by continuing to accumulation Bitcoin regularly regardless of the price through discretionary income.
An investor should definitely fix a specific target before investing. When the investor has a target that he will continue his investment until this specific time, then he will have a different sense of responsibility, as a result of which he will be more responsible towards his investment and will always try to make his investment consistently. However, as far as I feel, investment should never be taken as pressure, if an investor thinks before investing that he can invest $50 per month, then I would advise him to invest $40 per month. The reason for giving such advice is that there may be times when money may be needed, but at that time the investor is not able to invest in the same way, so he should invest $40 and keep the remaining $10 in his emergency fund so that he can use it in any danger and so that his investment remains consistent even during financial disasters.Fair enough, and this is the more reason why it is always advisable for every investor to invest with their discretionary income and also build their emergency funds along side when accumulating. By so doing, you don’t have to bother about a certain amount to invest with as far as you have taken care of your other financial obligations and payment of bills, then any other cash you’re left with after meeting up with your other financial responsibilities, you can invest with it. Surely, I cannot determine or decide how much any investor should invest with, most times it depends on the level of income of the investor, it may varies, and so when that happens what is advisable to do is to always invest with your discretionary income and gradually build up your portfolio.
It should be noted that I am not saying that buying strategies are not important. However, I am saying that all buying strategies are the same (good) if the funds used to invest in bitcoin are discretionary income.
On the contrary not all buying strategy are good, you spoke of lump sum strategy and DCA accumulating strategy, but you never spoke of dip buying, and I can confidently say that those investors that focus only on dip buying aren't doing it the right way, because by waiting for the dip they are going to miss a whole lot of buying opportunities that may present itself in the market, so it's not a good strategy. The best way to invest is to use either the DCA accumulating strategy or the lumps sum strategy, then if their is a dip in the market, you may decide to buy aggressively then, only if you have the reserve funds to do so, but waiting for the dip only as a strategy is a terrible way to invest in Bitcoin.
I do not agree with your conclusion about the DCA strategy of accumulating bitcoin saying that it always gives you the assurance of not losing all you invested on because generally if you talk about bitcoin investment, there’s always an excitement as we dream about winning, but we should also not forget that loses are possible. There’s always a certain risk associated with bitcoin investment and what I know that the DCA strategy of accumulation helps an investor to lessen the severity of the risk of losing money in bitcoin as you are spreading out your purchases over time irrespective of the fluctuations in prices. Here, instead of investing with a huge sum all at once, you chose to invest little by little with a regular amount at intervals, with this you’re only trying to lessen the severity of the risk of losing and not to give you a full assurance of not losing.
[edited out]
IMO, it’s not just ignorance. People are just scared to start what they dont want to deal with in the long run. And for the fact that everything around bitcoin is different from what it was 2013-2015, beginners look back at it and dont know where to start. A decent number of folks wrongly conclude that they are too late, and no one wants to be the exit liquidity of others.
Yet, at the same time, if they at least appreciate that their failure to buy bitcoin is only preparing for down, and they are failing to prepare for up.. then maybe they could be motivated to buy some in order to prepare for up. but part of the problem is that they think that they don't need to prepare for up, and they wrongly believe that they are not prejudiced if they don't prepare for up... which yeah, 5-10 years down the road or later, they may well come to realize how much they fucked themselves by continuing to fail/refuse to act to at least get started, even if it is just $30 per week.. even while we know they are easily capable to do $100 per week..
We can reach great financial freedom through small investments in technology-based and limited-supply assets like Bitcoin. Our inaction is often the wrong decision. Opportunities will be missed, and we will be responsible for our own unintended downfall. Those who don't start today will start tomorrow or the next day, and this mentality is holding them back. Market volatility teaches us to be patient, and investing over time will definitely bring real results. By investing in small amounts, we can enjoy the real results. It is possible to achieve great success only by starting small.
This is so true, In as much as we don’t delve into bitcoin investment in order to get rich quick, but everyone can attest that over the years, bitcoin investment have proven to having showing the capacity to develop into something in the future. Those who have been able to start investing in bitcoin 5-10 years ago, and remain focused on their long term goals of accumulation and hold, can now attest to the fact that there have been a tremendous increase in their return of investment and it’s evident not only to them but to the entire community including those who were reluctant to participate even during the early days. Here we are again, having seeing all of these I can’t still believe that there are those who are still in disbelief or reluctant in starting to accumulate and invest in bitcoin. Surely, I can’t say what the situation is like to them and the reason they are yet to start, but if it be for the singular reason that they feel is because bitcoin investment is expensive or because they feel they don’t have the financial capacity to do so, or Perherps they thought that time Is past gone to start, then they are stupidly being naive about their assertions of bitcoin investment, because it’s never too late to start now, and believe me we haven’t seen it all yet as far as bitcoin is concerned, there’s still more to come in the all time high, the market volatility is as normal and we should embrace it and be patient enough, achieving great success is possible if only they can start now no matter how little.
It should be noted that I am not saying that buying strategies are not important. However, I am saying that all buying strategies are the same (good) if the funds used to invest in bitcoin are discretionary income.
On the contrary not all buying strategy are good, you spoke of lump sum strategy and DCA accumulating strategy, but you never spoke of dip buying, and I can confidently say that those investors that focus only on dip buying aren't doing it the right way, because by waiting for the dip they are going to miss a whole lot of buying opportunities that may present itself in the market, so it's not a good strategy. The best way to invest is to use either the DCA accumulating strategy or the lumps sum strategy, then if their is a dip in the market, you may decide to buy aggressively then, only if you have the reserve funds to do so, but waiting for the dip only as a strategy is a terrible way to invest in Bitcoin.
Fair enough, i quite agree with you when you say that those investors who focus only on dip buying aren’t doing it the right way, but that doesn’t mean that it is a bad idea to buy in the dip especially when the opportunity to do so presents itself. buying in the dip is not overly a bad market buying, but where it is bad is when an investor whose initial strategy is on the long term goal of accumulating and holding always wait until When it is dip before he or she starts accumulating. Don’t get me wrong, I’m not in support of waiting to buy only in the dip, it’s just that I’m not writing off dip buying when the opportunity presents itself. Which ever strategy employed by an investor, the most important thing is that it is pertinent you invest with not more than what you can’t afford to lose, and that’s why is advisable to always invest with your discretionary income. And as long as you’re accumulating and hold for the long term goal of investing, without trading for a quick gains, or you’re not panicking to sell whenever you notice a downturn in the market, and also being consistent with your accumulation and hold for the long term goal, then I think you’re on the right track.
⭐ Merited by JayJuanGee (1)
Making use of the the term stupid for a new investor who thinks that bitcoin is expensive is very wrong I believe you have also thought same before you finally know that one can actually purchase bitcoin little by little fraction without buying all of it at ones, most of us here has thought that the way so i think it's normal if a new investor thinks that one need to be well doing before before coming to think of bitcoin investment it's with tiime they will know that they were actually wrong thinking that bitcoin investment is only for the rich citizens.
If they don't want to be called stupid then they should start learning bitcoin from the basics before saying it's expensive.Because after all those who say it's expensive only see from the outside but don't want to get to know more about what bitcoin is and I think stupid words are also concrete in this case because they talk but don't understand what they are talking about.
They are only focused on the value they have and how to think about how to profit in a short time which is impossible with the current value, therefore they consider bitcoin too expensive. But if they already know how bitcoin works including by collecting (buying) then they will not talk carelessly because they realize that saying bitcoin is expensive is a mistake.
I think the best thing is to get started, life they say is a teacher and experience is the best teacher. I believe that most of us bitcoin investors have learnt so much about bitcoin not because we attended bitcoin classes or lectures, but because we ventured in bitcoin investments. Generally in bitcoin investment one doesn’t have to know everything about bitcoin before starting investing in it, obviously it’s not possible to know it all, but as you venture into it you’ll be able to learn from your day to day experience while investing. The best thing you can do is to encourage this newbies who are desirous to start investing no matter how little they start with. Even if you think you’re a pro, there are some certain decisions you will make along the line which might likely not go your way in respect to your investment plan and targets, and you still go back to drawing board and fix things up again so you don’t jeopardize your investment portfolio. For a newbie who wants to start investing in bitcoin, you don’t need to know everything before getting started, all you need is just a basic knowledge which is nothing more than having your discretionary funds available, once you’ve gotten this then you’re ready to go, and as time goes on you begin to build your emergency funds while accumulating bitcoin.
I don't know why some guys continue to make the point that source income might not be enough.
Generally speaking, we should be able to assume that it is better to have both a source income and a steady income.
Part of the point is that you don't need a source income or steady income to buy bitcoin, even though it tends to be better to have a source income and a steady income.. but it is not a requirement.
Having discretionary funds, even if it is merely ONLY $10 and one time (like the cigarette example that I keep stating) is enough to get started buying bitcoin.
Each time a person assesses whether or not he can buy bitcoin, he should be able to assess that he is investing from discretionary funds and that his investment plan for each time he buys bitcoin is 4-10 years or longer.
Sure, if something goes wrong.. then a guy mibht have to cash out of his bitcoin in less than 4 years, yet the plan should be to invest for 4-10 years or longer, each time any bitcoin is bought, whether it is $10 or $100 or whether it is weekly amounts of $10 or weekly amounts of $100 or other frequencies and/or amounts, even if the frequency of buying and the amount of bitcoin bought (dollars spent) might not be consistently the same.
Longer plans and more solid investments in bitcoin will likely come from abilities to have steady income and/or even a lot of income.. but it is not necessariy to have those higher levels of income in order to start investing in bitcoin. Starting investing in bitcoin and continuing investing in bitcoin are differing things, even though they ar related. Cashflow management is also different from investing into bitcoin, even though it is not necessary to have cashflow management in order or to be strong when starting investing in bitcoin, even though hopefully guys figure out some balance and better to figure out how they can likely employ more aggressive investment strategies when they have better cashflow management and better income flows.
One thing is getting started investing in bitcoin whihc is quite improtant. Another thing is figuring out various ways to continue investing in bitcoin and not making yourself vulnerable in regards to either having to sell bitcoin at a time that is not of your own choosing or otherwise putting yourself into precarious positions based on overly aggressively investing into bitcoin, and guys are respnosive for their own ways of figuring out how aggressive they are able to be without over doing it, and if guys screw up and become too aggressive or too whimpy in terms of their bitcoin investing and their cashflow management and their shoring up of their discretionary income, then they are going to be the ones to pay for their mistakes.
It is quite likely that a lot of guys will make various mistakes along the way in their bitcoin investment journey, yet if they are able to minimize their mistakes or at least have some balance to contaiin their mistakes so that their mistakes are not overly large and/or don't take themselves out of the game, then surely that will likely be good for them down the road, whether it takes them 1, 2 or more cycles down the road where they might progress from accumulation status to maintenance status and perhaps even making it to something like sustainable withdrawal status, which couod take quite a bit of time to get to points of making such progress and being able to measure payoffs from their bitcoin investing.. even though it is not even guaranteed that the bitcoin investment will be successful, even if a guy does everything as best as he can. There are things that can go wrong regarding the execution of the investment into bitcoin and/or aspects of the bitcoin investment itself.
No it is not. All you need is discretionary money to get started. There is no need to increase requirements for getting started investing into bitcoin.
Generally speaking, we should be able to assume that it is better to have both a source income and a steady income.
Part of the point is that you don't need a source income or steady income to buy bitcoin, even though it tends to be better to have a source income and a steady income.. but it is not a requirement.
Having discretionary funds, even if it is merely ONLY $10 and one time (like the cigarette example that I keep stating) is enough to get started buying bitcoin.
Each time a person assesses whether or not he can buy bitcoin, he should be able to assess that he is investing from discretionary funds and that his investment plan for each time he buys bitcoin is 4-10 years or longer.
Sure, if something goes wrong.. then a guy mibht have to cash out of his bitcoin in less than 4 years, yet the plan should be to invest for 4-10 years or longer, each time any bitcoin is bought, whether it is $10 or $100 or whether it is weekly amounts of $10 or weekly amounts of $100 or other frequencies and/or amounts, even if the frequency of buying and the amount of bitcoin bought (dollars spent) might not be consistently the same.
Longer plans and more solid investments in bitcoin will likely come from abilities to have steady income and/or even a lot of income.. but it is not necessariy to have those higher levels of income in order to start investing in bitcoin. Starting investing in bitcoin and continuing investing in bitcoin are differing things, even though they ar related. Cashflow management is also different from investing into bitcoin, even though it is not necessary to have cashflow management in order or to be strong when starting investing in bitcoin, even though hopefully guys figure out some balance and better to figure out how they can likely employ more aggressive investment strategies when they have better cashflow management and better income flows.
One thing is getting started investing in bitcoin whihc is quite improtant. Another thing is figuring out various ways to continue investing in bitcoin and not making yourself vulnerable in regards to either having to sell bitcoin at a time that is not of your own choosing or otherwise putting yourself into precarious positions based on overly aggressively investing into bitcoin, and guys are respnosive for their own ways of figuring out how aggressive they are able to be without over doing it, and if guys screw up and become too aggressive or too whimpy in terms of their bitcoin investing and their cashflow management and their shoring up of their discretionary income, then they are going to be the ones to pay for their mistakes.
It is quite likely that a lot of guys will make various mistakes along the way in their bitcoin investment journey, yet if they are able to minimize their mistakes or at least have some balance to contaiin their mistakes so that their mistakes are not overly large and/or don't take themselves out of the game, then surely that will likely be good for them down the road, whether it takes them 1, 2 or more cycles down the road where they might progress from accumulation status to maintenance status and perhaps even making it to something like sustainable withdrawal status, which couod take quite a bit of time to get to points of making such progress and being able to measure payoffs from their bitcoin investing.. even though it is not even guaranteed that the bitcoin investment will be successful, even if a guy does everything as best as he can. There are things that can go wrong regarding the execution of the investment into bitcoin and/or aspects of the bitcoin investment itself.
It is very important to have a stable income and it is also enough having a stable source of income.
No it is not. All you need is discretionary money to get started. There is no need to increase requirements for getting started investing into bitcoin.
This is true and it’s very important that everyone understands this logic as far as bitcoin investment is concerned so as to really put it right in the debate about having a stable source of income before investing or even continuing with bitcoin investment. I like how jay JuanGee took out time to really explain this, noting that you must not have a stable source of income before starting bitcoin investment and you must not also have such stable source of income to even continue your bitcoin investment. The idea here is to invest within your means, I.e with your discretionary income. And secondly the idea also is that as far as you’ve already started and also holding for the long term without selling off. It’s not mandatory that you must be accumulating your bitcoin on a daily basis or even weekly , but if you still have the opportunity to do so based on your income flow, better!!!, but if not, you should be able to hold on to the one you’ve accumulated without getting to sell, and probably as your income flows you also should be able to sort out your discretionary income from there and continue accumulating bitcoin and hold also for the long term without panicking to sell simply because your income is not coming steady. Having a steady source of income will only increase your level of accumulation either doing it daily or weekly as the case may be, but it’s not a criteria to measure if you’re to start bitcoin investment or not. You can be able to start bitcoin investments even with the little change that comes your way no matter how seldom it comes, as far as you’ve sorted out your other financial obligations and then using the remaining cash (discretionary income) to accumulate bitcoin and hold for the long term without selling, and also wait until you are able to get another cash no matter how little it is or how seldom it comes, you also buy with that and hold. Gradually by so doing, you’re able to build up your portfolio with time.
⭐ Merited by rachael9385 (1)
How will someone have a stable source of income and yet don't know how to split his income, this means that the person is unserious and this set of people if they venture into Bitcoin investment with that behavior there is a possibility that they may not go far because if someone can not split his income into various parts then how will he scale through I mean the consistency and seriousness won't be there. Not only newbies think that way even some folks also feel or think same way reason because they lack knowledge about Bitcoin investment and until there mind is renewed they won't still understand the small mystery.
Yes, it is very possible that someone can have a stable source of income but still don’t know how to split his income properly so as to be able to execute through the right financial decision making especially as it concerns bitcoin investment. It all narrows down to having the right financial management skills. Severally it have been treated here that all what one needs for his bitcoin investment is discretionary income as many think that you need to have a stable financial source before going into bitcoin investment. Even with your stable source of income, if you don’t have the right financial management and decision making skills, you’re still going to fumble with your finances and it will go a long way to hamper your bitcoin investment because it can lead to incurring debts and also leads to the neglect of savings and emergency funds, and we all know the consequences of neglecting all of these as a bitcoin investor. For me, you must not have a stable source of income before going into bitcoin investment, all you need is your discretionary income and be able to have the right financial management skills no matter how little or how seldom your income flows.
To invest, you need a source of stable income. If you have a discretionary fund, you will not be able to continue your investment. Because if you do not have a stable income, how will you meet your daily needs and how will you maintain your investment.
The main source of income of a common man who works is his job, how can he get a discretionary fund or invest with the help of a discretionary fund. Discretionary fund is for those who are in government service such as the Prime Minister of the country, they can do whatever they want with this fund. But how can a common man get a discretionary fund. For this, a common man should invest by extracting discretionary income from his stable income through proper financial management. If there is no stable income, how can a person continue their investment continuously. To invest, a discretionary income is needed on which he can continue to buy continuously by adopting the DCA method. A stable income is very necessary for an investor.
Investment requires discretionary income, not stable income. You can earn discretionary money and manage investments even without stable income. Discretionary income is an integral part of investment, but stable income is not that important. It is good for an investor to have it, he may work to stabilize the income along with investment.The main source of income of a common man who works is his job, how can he get a discretionary fund or invest with the help of a discretionary fund. Discretionary fund is for those who are in government service such as the Prime Minister of the country, they can do whatever they want with this fund. But how can a common man get a discretionary fund. For this, a common man should invest by extracting discretionary income from his stable income through proper financial management. If there is no stable income, how can a person continue their investment continuously. To invest, a discretionary income is needed on which he can continue to buy continuously by adopting the DCA method. A stable income is very necessary for an investor.
Think of those who are involved in seasonal activities or business. Can't their income be discretionary? Or can't they invest with that source of income? I would prefer that they can do it. Because it may not be very difficult to select a discreet amount from the amount of money they earn in a season. If they can select a discreet amount, then they can definitely start investing. But as a safety measure, they should definitely work with a stable source of income. Even having a stable income does not mean that you will have discreet money. There is a big difference between stable income and discreet income. So give utmost importance to discreet income.
Fair enough, kind of agree with you that all one needs to start his or her bitcoin investment is a discretionary income. But again, as far as long term bitcoin investment is concerned, two things are involved, first is getting started and secondly is the ability or will power to sustain or maintain your investment. For someone whose initial strategy is based on the long term goal of accumulating and holding for the long term, you will agree with me that a stable source of income is needed so as to continue sustaining and maintaining your investment strategy of accumulating either weekly or monthly, depending on your income flows, if not you might got to a point where you are unable to continue and you’re forced to sell part of, or all your bitcoin portfolio even when your targets have not been met. Either way, bitcoin investment does not necessarily mean that you must have all the money in the world before you can get started, the most important thing is getting started as long as you have your discretionary incomes.
⭐ Merited by rachael9385 (1)
Many fails to understand that Push ups exercise is one of the easiest form of exercise whereby you can do it at your own closet even without getting to pay for any facility or services before you can keep yourself fit.
Another 100 push ups achieved today as I continue to work towards my full recovery and build my stamina.
100k,Silikiem,11,1130,2026-06-2025
Another 100 push ups achieved today as I continue to work towards my full recovery and build my stamina.
100k,Silikiem,11,1130,2026-06-2025
The U.S. Federal Director of Housing has ordered for the preparation for institutions like, Fannie Mae and Freddie Mac, to include Bitcoin as an asset that could be used to start a mortgage.
👀
That strengthens the community's HODL Strategy. It's not merely going to be for capital gains anymore. If you live in the U.S., you don't need to sell your Bitcoin to buy a house. You can actually USE IT.
👀
That strengthens the community's HODL Strategy. It's not merely going to be for capital gains anymore. If you live in the U.S., you don't need to sell your Bitcoin to buy a house. You can actually USE IT.
Fair enough, with this move, bitcoin have once again proven to be one of the most valuable assets among others and this will equally encourage bitcoin investors whose strategy is focused on the long term goal, and also a huge benefit to the mortgage institutions like the Fannie Mae and Freddie Mac as it will help to evaluate or estimate the potential financial ability of the borrowers.
When the price of an asset suddenly drops, you
DIP it. It is better to invest in this confidence that it will increase again in the future. If you hold it in the long term, if the investment strategy is correct and the price does not fluctuate and you have a risk-taking mentality, you can benefit more. Even if the price increases temporarily, hold it for a higher price increase later. If you want to be successful, long-term investors such as Bitcoin holders, investors in various stock markets, and believers in various technologies will reveal the correct value of your assets.
DIP it. It is better to invest in this confidence that it will increase again in the future. If you hold it in the long term, if the investment strategy is correct and the price does not fluctuate and you have a risk-taking mentality, you can benefit more. Even if the price increases temporarily, hold it for a higher price increase later. If you want to be successful, long-term investors such as Bitcoin holders, investors in various stock markets, and believers in various technologies will reveal the correct value of your assets.
Fair enough, buying an asset When the price drops and you decided to hold for the long term and probably sell for a higher price is good, but it shouldn’t be the basis upon which you’re building your bitcoin portfolio. And especially as a newbie who is venturing into bitcoin investment, it will be wise for you to completely erase the idea of you wanting to only buy when dips occur. As a bitcoin investor and knowing full well that bitcoin investment is a long term project and at such your goal is to be focused on the long term strategy of continuous accumulation, and build up your portfolio, and then holding for the long term. Having known all of these, wanting to buy when dips occurs will not help your investment portfolio growing up, rather it will slow it down because you will be waiting for the dips which may never occur and within a short period you’ll be tempted to sell off your portfolio for a quick gain, and you end up not continuing your investment anymore. Instead, you should be more focused on building up your portfolio by being consistent with your accumulation using your discretionary income, you can decide to go by the DCA method of accumulating whereby you can buy weekly or monthly with a certain amount depending on your income. Gradually with this you’re likely building up your portfolio, and then hold for the long term as a bitcoin investor. But with this mindset of waiting to buy only in the dips, you will end up as a trader, always trading for quick gains and not worth because the end there of is full of regrets or had I known.
Today I see the market starting to recover and bitcoin is trading back above $105K. Anyone who accumulated on the dip the day before has seen how well that approach has worked so far - that's how the market rewards those who use it correctly. Don't be afraid when the market goes down for one reason or another - it will eventually recover for a reason.
Those who were able to buy when it was $100k and quite lower, they're winners now. It only takes a gut for someone to take a risk and those who did it, congrats already in advance.The recovery that has happened today is due to the announcement of Trump that Israel and Iran agreed to have a ceasefire and it's most likely that we'll see the end of this year.
Now this is a really good news for everyone even we're far from the battlefield, we're thinking the same so that there will be no more casualties and collateral damage to be taken.
Finally, try to accumulate a very huge stash of it because the unit of your Bitcoin is what's going to determine how successful you might be in the future, so just buy and hold, it future is bright.
In as much as I believe in the long term goal of buying and holding bitcoin which is a very good strategy, I also do not conform to the statement you made which states that “In 10 to 20 years time from now, this current bitcoin price will be like buying when bitcoin was $10k.” Now if I may understand you clearly, you’re trying to say that the current bitcoin price will be on the increase in the next 10 to 20 years time. Anyone who understands the volatility of bitcoin won’t buy to such idea 100% because there’s also a possibility that in the next 10 to 20 years time, bitcoin price may also go down. There are several factors which affects the price of bitcoin and most of these factors are generally unknown to us and we can’t control them. Well, as an investor whose initial strategy is based on the long term goal of accumulating and holding, we don’t really have to pay too much attention to the market price or situation, our focus should be on our consistent accumulation of bitcoin and build up your portfolio with your discretionary income.
⭐ Merited by JayJuanGee (1)
But due to the ongoing war in the current world, the price of Bitcoin may decrease a little more. However, there is nothing to be afraid of in this price decrease. Bitcoin has a special feature of price fluctuations. A bear market will be very happy news for holders like us. Since the price of BTC has reached 99 thousand today, I think investors have got a special opportunity.
Maybe the market went down a bit due to the attack on nuclear facilities in Iran from the USA. But we don't know the exact facts but many believe that the market went down a bit due to Trump's attack on Iran's nuclear facilities, yesterday the price of Bitcoin fell from $100k plus to $98k. But today the price of Bitcoin is $100k plus. So one should be disappointed by this type of dumping because this dumping is never long lasting. I believe people who have long-term plans are not disappointed by this type of dumping. Now who is disappointed in this kind of dumping? People who plan short term or expect to make a profit in a short period of time get frustrated. We know that short-term investment can never bring success, short-term investment leads to loss instead of profit. So always invest with long term planning.There are several factors which can influence or affect the price of bitcoin and most of these factors are mostly unknown to us based on the uncertainty of this factors when it will occur or not, but as a bitcoin investor whose initial strategy is based on the long term goal, you are not perturbed by any of these factors. The volatility of bitcoin is expected as a long term investor, and shouldn’t be a surprise to us. It is a good thing as an investor knowing the current market situation, but your accumulation shouldn’t be about the market timing or condition. Investors should be more focused on accumulating their bitcoin using their discretionary income and hold for the long term.
Most people fail to realize that doing push ups provides an answer to some certain problems, and finds a way of effectively dealing with some problems. Another 100 pushups completed today as I continue on my full recovery.
100k, Silikiem, 10, 1030, 2025-06-22
100k, Silikiem, 10, 1030, 2025-06-22
Feels good to be back doing what I love doing most as far as keeping fit is concerned, after almost a month and 1 week out on the sideline due to an injury which dislocated my left shoulder, was taken to a specialist for a bone massage and after a few weeks the shoulder was healed and was able to get back to normal position. Now is time to fully recover in my all round fitness and there’s no better place to do so than doing my daily pushups. Although I struggled a bit to complete my normal 100 daily push-ups today because it’s been a while, but I still manage to be able to get it done in 5 sets, averaging 20 pushups per set. Gradually, I believe if I continue doing my push ups daily I will be able to get back to my full fitness and going even more than my usual 100 pushups per day without feeling much pains.
100k, Silikiem, 9, 930, 2025-06-20
100k, Silikiem, 9, 930, 2025-06-20