Quote from: Sim_card on Today at 12:02:34 PM

Quote from: Reredmi896 on Today at 11:12:48 AM

Quote from: JayJuanGee on May 17, 2024, 08:21:54 PM

Quote from: Reredmi896 on May 17, 2024, 02:47:35 PM

Not everyone can afford to invest in BTC, due to lack of capital

There is an important distinction related to the point that you seem to be wanting to make, which seems to be that you are missing some nuance in regards to what makes a person able or unable to invest.

There is some correctness that if a person lacks capital, then he may well not be able to invest into bitcoin or anything else, yet the more important point would be that a person's ability to invest in bitcoin or anything else relates to the extent to which he has discretionary income.

So in that sense there is no requirement that anyone has any capital at all in order to invest into bitcoin, and so the main requirement is that a person has discretionary income - and sure, a person who has a lot of capital may well be able to invest into bitcoin by moving his capital from certain kinds of assets into bitcoin, so there could be exceptions to any proclamation - even though we already know that it is not required to have any capital to invest into bitcoin so long as you have discretionary, even though having capital could be another way to establish an investment into bitcoin.

Quote from: Reredmi896 on May 17, 2024, 02:47:35 PM

but at least if you want and want to why not, and I agree with what you said about the DCA method which is intended for these people.

So are you admitting that there is no need for capital to invest into bitcoin?

Quote from: Reredmi896 on May 17, 2024, 02:47:35 PM

But isn't it better to collect money first for some people who are unlucky or whose jobs are below minimum wage.

With something like bitcoin, many times it is better to get started as soon as possible, especially once you have figured out that you have discretionary income.

Now you might have a lot of messiness in your cashflows and your psychology, so you may well need to get some of those things in order, yet I would not presume that it mis necessary to get your finances and psychology in order prior to getting started in your investment into bitcoin, unless your situation happens to be so bad that you are not even able to figure out with any level of confidence whether you actually have discretionary income or not.

Even though a large number of people might have a lot of complications in their finances and perhaps even lacking in their abilities to manage their finances very well. Most likely an overwhelming number of folks should be able to tell you wether they have $100 per week or maybe $10 per week that they would be able to spare or throw away (meaning that it is extra and not needed to cover their expenses). When folks have really small amounts of extra income and a lot of disorganization in their finances, it is likely more important that they start out more slowly and that they also spend time getting their shit figured out, but that still may well not justify waiting rather than getting started right away with some small amount of discretionary income that can be figured out.

If there is no way to establish the existence of discretionary income, then those people need to make sure that they have discretionary income before they can start to invest into bitcoin.

Quote from: Reredmi896 on May 17, 2024, 02:47:35 PM

Because if they try to invest even if it's only a little bit of what they can afford, wouldn't it hamper their finances more

Yes... if they have figured out that they actually do not have discretionary, then the should not be investing into bitcoin, because if they were to do that they would be gambling rather than investing. They need to be able to put the money into bitcoin and have a certain level of confidence that they are not going to need such money for 4-10 years or longer and also understand the risk that the amount that they put in could go to zero (meaning they could lose up to 100% of the amount that they put into bitcoin, so they have to be ready, willing and able to accept that possibility, and if they are not able to do that, then their finances and psychology is not ready to invest into bitcoin).

Quote from: Reredmi896 on May 17, 2024, 02:47:35 PM

, and would it be more risky for their own lives, because investing is not far from the risks they will face. Isn't it better to be slow but sure to minimize something that is not wanted?

No it is not better to be slow. It is better to figure your shit out, and either you have disposable income or not. If you have disposable income, then it is better to get started investing into bitcoin as soon as possible and figure out some kind of a system.

Otherwise, if you figured out that you either do not have disposable income, then you should realize that you are not able to invest into bitcoin until you are sure that you have disposable income and then you can ONLY invest into bitcoin up to 100% of the amount of your disposable income, but if you are not sure if you have disposable income then you cannot invest into bitcoin. I would not call that waiting, but instead you either have disposable income or you do not, and if you do not have it you cannot (or should not) be investing into bitcoin, and if you are not sure if you have disposable income or not, then you are likely in the same situation of not having it.. because you need to be clear that you actually have disposable income in order to invest into bitcoin, otherwise you are gambling and not investing.

It is very clear that one's inability to invest in bitcoin or whatever it is that is prioritized is capital. Because there are constraints with one's inability to invest. The inability is based on his job. Very different from people who are capable because basically people who are capable because there is the ability and there are no obstacles to investing. it is very clear what you say the main requirement is additional income, but if in the position of someone who works only in one job with a salary below the minimum wage. And there is no additional income, will it be very inhibiting to start as soon as possible and not collect money first.

For some people there may be those who invest without capital, but for others or most people the main requirement is capital, on the contrary I have not found people who invest without capital, in my opinion, I do not agree with the absence of capital, because the slightest thing, the will or desire of a person can be said to be capital, to be confident.

Why are you finding it difficult to understand all the explanation that JJG said. Bitcoin investment is not like other investment that you need to get a capital before you can invest, as long as you have income and from your income, you can have a discretionary income from there. That is the money that you need to start your bitcoin investment. Meaning the little amount of money that you want to be saving for it to pile up, which you see as capital, is what you need to start investing in bitcoin immediately, instead of waiting and gathering it to a big amount. It is better instead of gathering those money to a big amount which you call capital, you should not keep it to pile up in fiat but pile it up in bitcoin by buying regularly weekly or monthly. It is other investment like gold, real estate and others that you need capital to invest.

Quote from: Reredmi896 on Today at 11:12:48 AM

If a person is only focused on one job, and there is no additional income or perhaps additional income each country is different. If for example there is additional income and each country is different from the additional income, is it possible to start as soon as possible, it will be very risky, and in my opinion if we start investing in BTC by starting 1 year or maybe 3 years to come, I think it's a good decision too, because seeing from the first BTC came out and until now it is still stable.

You don't get the point why you need to get started when you have the money, this is because you are already late to bitcoin and starting to invest now that the price is at 67k+ means you need to buy aggressively, if possible in order for you to have a good quantity of bitcoin in a short time as long as you are not overdoing it. Even people who cannot invest aggressively but continue to invest with their DCA consistently and persistently weekly or monthly sti have a very long way to go before they can have a good quantity of bitcoin based on their discretionary income compare to those who was able to buy aggressively overtime.

This is why it is not good to be waiting and piling up your funds in fiat when you already have an additional income which you can use to invest in bitcoin without a problem and hodli for long. It is never risky because you started earlier than waiting, and you are on a long term bitcoin journey using DCA strategy which will reduce the risk in bitcoin investment due to its volatile nature. You should also note that the price that you are buying today, might not be the price you will next next year because bitcoin price increases overtime, and this is why the investors who bought early are in great profit. The cheaper the price the easier for you to accumulate more bitcoin, and the higher the price of bitcoin the harder it becomes to accumulate more bitcoin. Don't wait in poverty instead of fighting your way out of poverty with investing in bitcoin immediately you have the money.

Maybe that's his method in conceptualizing the investment he's going to run and the risks he's going to take. In terms of investing there are so many ways that everyone will be different in carrying out the concept, and the goal is the same to seek profit in investing. in this case after I read @reredmi's post he tried to collect money first for the beginning he was going to invest, maybe because his income was low, but I can't confirm that or guess what he wants, I think he will get a lot of risks if he starts investing with that concept.

Hoximen7

Posts

Merits