With what we are seeing, I think what we should be doing is more than hope because it is only when there is no direction that you will know, but as it may be, bitcoin is only established, and the focus every time should be how you want to invest because that is the only way things can be encouraging to invest in, and let us just say when it comes to holding for a long time, then prediction should no longer be our concern since the only two things will be it either going up or coming down.

And the price of bitcoin will go up for sure, and we cannot be certain what amount it will get to, but it's an investment that will continue to grow and, at the same time, come down so it's either going to be among the two, so the best thing is to buy.

Being comfortable to invest dosen't rely on having multiple income streams, it rather relies on the availability of your discretionary income.. Most folks today can boast of varied income streams, but very few can say they have Discretionary income afterwards, due to the constant expenses they face in a daily basis.. And so having lots of income  dosen't guarantee that you will have  discretionary income... That's why as investors, your priority should be on whether you have a discretionary income when kickstarting or maintaining your investment...

It's not right because what you're talking about is your daily living needs and before investing we should have thought about that from the beginning.
Why most always talk about discretionary funds is because this is the goal so that our basic daily needs do not have problems when we invest.

When you are still struggling with your basic daily needs then manage your income and expenses well first so that when we invest it becomes more comfortable. Your investment will not be successful if you still cannot manage your financial cash flow, especially in dividing funds for living needs and your discretionary funds even if you do DCA it will still not work.

Buying bitcoin without waiting is a good thing but buying bitcoin without being able to manage the division of basic funds for your mandatory needs, reserve funds and your discretionary funds is definitely not a good thing.

Most Bitcoin investors faces some challenge when starting their Bitcoin investment, especially when it comes to their income because it's through that income he can figure out his or her discretionary income to invest with, but sometimes the inability to figure out your discretionary income is cause by either poor money management skills or the income is just too small, which is not enough to take care of your basic needs, because once you can figure it out, starting your Bitcoin accumulation right away is the next step forward.

Most times, these new investor faces some challenge in their investment because of their set goal, because in most cases, they believe that Bitcoin investment can get them rich quickly, and when it doesn't goes as planned, they became disappointed and sell prematurely, but if a newbie investor comes into Bitcoin with the right mindset of holding for a very long time regardless of the market conditions, the chances of their investment being a success will be very high.

This can happen if you haven't budgeted properly, and instead of leaving some of the funds you'll have access to, you decide to buy an asset say, Bitcoin in this case, with all your available funds. Then, unexpected circumstances arise, and you urgently need cash. Since you have no savings, you're forced to sell your Bitcoin, possibly at a loss. To avoid this, you need to budget properly.

The long term investment plan is the real deal. That's actually what we should focus more of our mind on because that's is mostly about the future. Short term investment isn't that guaranteed even though some folks like hitting it quick but I can tell you for free that it can make you lose more in a short run.

Again, dca method has made it very possible for every persons to have the opportunity of investing in bitcoin, you don't have to be too rich before you can start investing, all you need to get started is just to be able to figure out your discretionary funds (remaining funds after all expense has already been taking care of) from your daily, weekly or monthly income and you're good to go.

There are many who start with the intention of investing for the long term but end up straying from their goal because due to short term greed they cannot stay steadfast in their long term goals. And this is the biggest reason why they keep trying to achieve short term gains and due to this they face huge losses. Long term effective and successful results depend on following the plan consistently, long term investment is very possible for the investor who learns to accept volatility and takes consistency very seriously.

Obviously, you are right. Because even then Bitcoin is the most trusted coin still it contain the high volatile market price so the  risk will always be there. And that is why if we invest on Bitcoin with that much fund what we can't really afford or we can't if we invest in Bitcoin with out having any backup fund for the emergency situation handling then there is a more chances to face losses by the investment even it is on the Bitcoin.
And if I talk about our daily necessities, then these should not be such that we invest in Bitcoin without eating or buying our daily necessities. In the case of long-term investment in Bitcoin, we can assume that the investment is much like our bank savings. Just as we make a fixed deposit in the bank for four years, five years or 8 years, we have to plan for the long term investment in Bitcoin.

The market or price situation is a challenge for investors themselves, in my opinion the point is the mindset. Someone who invests must set the mindset that this investment is done for the future so it must be done in the long term and be consistent in doing so, as for the worries it is natural and natural but with the right mindset then it will not interfere with investment while if the mindset is quick profit then the worries will continue to haunt and may even sell it because of panic with falling market prices.

I agree with what you said with managing finances that do need to be considered because if our financial management is poor then the investment may not be able to survive in the long run while basically this investment is better done in the long term for our future goals, one of which is financial well-being. Doing it in the long run is the right step to invest and this is supported by the DCA (Dollar Cost Averaging) strategy which is suitable for anyone.

It is very difficult to succeed in short-time trading in Bitcoin. How is it in reality? I told you from your personal experience. Suppose you bought Bitcoin, after buying it, you waited for the price to increase in a few months, you will sell it, but you saw that the price is not increasing, but rather the price has decreased in a few months, you sold Bitcoin fearing that it will decrease further, and then you noticed that the price is starting to increase, you will regret it. Think a little differently. A person bought Bitcoin, he thought that he would make a profit in a short time and sell it. According to his thinking, if the price of Bitcoin increases, he would sell it within a few months, and then he noticed that the price of Bitcoin has started to increase even more, he would regret it. At these times, people start making decisions with emotions. When after selling, when they see that the price is increasing further, they start buying Bitcoin again and hope to make more profit. But after that, if Bitcoin takes a big dip, they suffer losses.

Even those who wait for a dip in the hope that it will take place are not easy to succeed. Since it is not possible to make a perfect dip prediction, many times one does not start investing by waiting for the price to fall, and many times one has to regret it after buying Bitcoin at a little dip and seeing the price decreasing further. Therefore, market timing will only create mental instability and reduce the chances of success. Therefore, in the case of investing in Bitcoin, DCA is considered the best way to continue with a long-time mindset on a regular basis. There is no problem with market timing here. It is also possible to reduce the risk a little. Since Bitcoin can be bought at an average price, one does not have to regret it in the long run. Even if the price seems to be low, there is an opportunity to do a bit of aggressive DCA which also helps by buying more sats at a lower price. However, one should never invest in Bitcoin beyond discretionary income...