Basic knowledge is just the preliminary step newbies should adhere to for a start but not a strategy just as you have said, why do we call it basic, it is just the foundation, learning does not stop there but we have to start from somewhere to get to where we actually dreamt of being, as  for the three investment strategies you listed, they all serve there purpose and all important but it all depends on how we apply them as investors, among the the three, there is only one that is very efficient and flexible which is the DCA strategy, this strategy is referred to Bitcoin investment made easy, once any investor can figure out their discreationary income and invest it with DCA method for instance daily, weekly and monthly, such investor is good to go.

100% true. We who are used to monthly salary, our expenses are also limited. So if we invest in Bitcoin with a long-term plan, we must have a backup fund so that under no circumstances we need to sell Bitcoin. Human life is full of happiness and sorrow, so we need to be prepared in advance to face the times of sorrow.


You have mentioned the matter very nicely and mentioned three funds. I am investing Bitcoin according to two funds from there, one is an investment fund and the other is a backup fund. However, I do not have any weekly income, my monthly income is about 600 dollars. I deposit 100 dollars in a bank account for three years and deposit it there and from the other 100 dollars I invest 50 dollars in Bitcoin and 50 dollars in a backup fund and spend the remaining 400 dollars to meet basic needs.

Learning is very important to your investment since it can help folks understand more about Bitcoin, and that's why learning should always simultaneously be done alongside investing.. Just starting and learning later may give room for folks to make certain avoidable mistakes like trading the market or timing the market for short term profits, which could be very detrimental to one's holding, and so learning is important.... While investing, learning can always be done gradually by starting from the basics , so as to avoid bombarding yourself with complex information/understanding about Bitcoin..

It's the right move for any newbie and this is because there are actually new to the crypto space and can make so many big errors that can turn to something that can spoil their investment plan and goal but with DCA strategy, the newbie can consistently and carefully buy even when his source of income isn't all that big because that's the greatest advantage that the DCA brings to investors.

it should be the first thing that we do before proceeding to what we want to do and the excitement that comes for newbies to want to invest is usually blinding them from following the right step because learning, followed by the capital initiation plan, should be something that should be taken very seriously because if you don't learn, everything else becomes very difficult because they did not want to learn. And that is why they are advised to learn.

because even if you have the intention to invest, people make it look like it's easy. Even if it is through the DCA, you still have to learn. And it is actually very easy because when the whole thing starts, commitments matter a lot because this is something you have to be prepared for, because most of the time, they don't even need to learn everything, they just need to learn the basics, and then they are good to start investing.

Basic knowledge is likely just having common sense, which means that there is an ability to learn and perhaps a desire to build an investment in bitcoin (since we are in an investing topic) rather than gambling or losing money.  In other words, there are no real basic knowledge that is required beyond common sense, and surely if we also know that there is a need to invest from discretionary funds, if a newbie is having trouble figuring out if they have discretionary funds, then they may well need to spend some time learning math and/or figuring out their budget before they start investing into bitcoin.


Sure.  Newbies are starting investing into bitcoin from whereever they are at, and if they look at their income versus their expenses, and they calculate the extent to which they have any money saved up (that can serve as back up funds), they are likely going to be ongoingly learning as they go, including some of their earlier stages of figuring out from where they are going to start to source their coins (presuming that they had already figured out that they have discretionary funds).  I would imagine that once a person starts buying something like bitcoin, there is going to be an ongoing learning process, whether they are going to be buying weekly or if they figure out some other timeline for their buys.. with a likely tentative plan to start out slow and to get used to buying bitcoin on a weekly basis or whatever might be their timeline for their buys.


Sure. DCA is a good place to start to adapt the amount to their discretionary income.. since they may well need to consider how much of their discretionary income they are going to dedicate to 1) buying bitcoin, 2) savings (back up funds) and 3) discretionary consumption.  One of the benefits in starting slow is to get used to such a process, and of course, if a person has a lot of other things going on in their life, then they may well have to be even more conservative in their initial buy amounts until they are able to spend some time to get used to the various bitcoin investment and cashflow management matters that that they are adding to their weekly (or whatever basis) timeline in which they would be making their bitcoin buys.


I was not even suggesting anything dramatic, but instead to consider that even in the worse case scenario, in which a guy has absolutely no back up funds, then he can still start out by dividing his discretionary funds into  3 parts.

Of course, this is assuming that the person has figured out that he has enough discretionary funds to get started, and in the example that I gave above that is $33.33 every two weeks.. Yet we can imagine circumstances in which a guy's income versus expenses are so far out of balance that he is not able to determine whether he has any discretionary funds, and so in that regard, we have to recognize that we cannot invest in bitcoin unless we are sure that we have discretionary funds, and then once we determine that we have discretionary fund, then at least we have an amount to work with, and in my above example, the discretionary funds amount ended up being $100 every two weeks.  Sometimes guys might find that they have even smaller amounts, yet when they research into locations in which they can buy bitcoin, maybe they will find that it does not make sense to buy for small amounts (such as less than $30 at a time), so they may well have to get their dollar amount that is available for buying bitcoin up to at least $30 before they will be able to reasonably make their buys.. which might cause them to have some weeks (or every two weeks) that they are not able to buy until they are sure that they have $30 extra that they can put into it.

And, surely guys have to figure out the particulars of their exchanges to make sure that they are comfortable with the fees or the various other requirements, which also might include a decision to keep funds on an exchange wallet until it gets up to a certain amount (perhaps $300 to $500) before they move it to a private wallet (and they realize that they have to research into private wallets at a later time).  


That is exactly correct that if they are able to consistently buy every two weeks, like in my example, they had started out with hardly anything, yet they build little by little with a reasonable balancing of their circumstances, and they find themselves in a much better position at a later date.  Sure, in my example, the person did not increase their income, yet we could realize that there are going to be circumstances in which the ongoing paying attention to bitcoin is going to lead to more and more learning about bitcoin, and perhaps even some ways  in which the person becomes incentivized to increase his discretionary funds by increasing his income and/or by reducing his expenses... so then there might be ways that performance continues to improve beyond the initial expectations... which is partly due to ongoing action and ongoing reinforcement of the idea and the prioritizing of bitcoin investing and the building (and strengthening) of cashflow management systems/practices.


I am still suggesting to build your back  up funds from whereever you are at and not creating an extra expectation that you should have more back up funds than you have, so you figure out how much you are going to put into bitcoin and how much you are going to put into back up funds at the same time, and build from where you are at... There is not an extra priority given to back up funds, even though guys still have to figure out their own comfort level in terms of how much to put into each... So a guy starting out with absolutely no back up funds will be in a more delicate situation as compared with a guy who might already have two weeks of his expenses in some kind of a reasonable back up fund... The guy with two weeks of expenses already saved up might not have to dedicate 50/50 to bitcoin and to back up funds, and maybe he decides to put 80% of his then existing discretionary funds (presumptively from his income) into bitcoin and 20% into back up funds.


Let's start with your basic needs, and if you are calculating that correctly, then you have $200 remaining for your monthly discretionary funds.  One of the reasons I suggest that you might not be calculating them correctly is that there is a difference between needs and wants, so you may well be including discretionary consumption into your "basic needs."  That is for you to figure out, and part of the reason that I suggest that guys divide their discretionary funds into three categories is so that they account for their discretionary consumption, which nearly everyone should have, unless they happen to be a hermit and/or living the life of a hermit.. which most normal people do not want to live the life of a hermit, and we should not have to live the life of a hermit in order to invest into bitcoin.

In other words, you are using only two of the categories, $100 for investing and $100 for savings (back up funds).  Savings/back up funds is the same thing, even though you might label them as having different priorities, so some guys might have emergency funds that they cannot touch absent some kind of an emergency, and they might have reserve funds that have more flexibility in terms of how you might use them.. but they are all forms of back up funds, and it is up to you what level of priority you give to them and how much you might want to or be able to stop yourself from tapping into them as you are building them up, presumptively.

If you have $100 per month into each category (investing/saving) then you could divide that into weekly if you want which would be about $23 weekly (since on average each month has 4.33 weeks).

Of course, you can start with certain amounts that you had figured out to be $200 per month and then see how it goes from how you divide it and how it might be building up with time, yet from your description, you may well need to better sort out your expenses (which you described as $400 per month) to determine which ones of those expenses are actually basic and which ones are discretionary (which ones are your needs, versus your wants).

Practice will help you, especially if you can continue to both take action and to keep track and to make adjustments to make it more comfortable for you... and of course, investing into bitcoin takes money away from your consumption, yet if you keep track you might consider it to be a good way of using your money.. and of course, you have to ultimately be comfortable with how much you are stacking away each week or whatever period you end up buying bitcoin with your funds.


It seems to me that if a person gets started investing in bitcoin right away, as soon as they figure out that they have discretionary funds, then they are likely learning and investing as they go.  The act of investing and taking action involves learning some of the most important things.. which also involves getting used to buying bitcoin every week (or whatever might be the investment period that is chosen).


Huh? What is needed to be learned before starting?  Do they have discretionary funds or not?  If they have discretionary funds, then why can't they start and adjust their position size to their comfort level and learn as they go?

You are not being clear about blanketedly expecting that there is something that needs to be learned....  You are describing a "capital initiation plan" and why the fuck does he need to think about some large outlay of money in order to get started?  Are you saying that he has some large amount of money that is already ready to put into bitcoin, and why should he start with a lump sum rather than starting with a small amount and getting used to it?

Some folks have "capital" that they have available, and other people just have their income and their expenses that they need to figure out.  Sure, they might have some extra money that they could put into bitcoin, yet they don't need to figure out their "capital initiation plan" before they get started looking into bitcoin by making some initial buys.

I would imagine that newbies already have knowledge and experience, and you are even presuming that they have "capital initiation" which seem to be a presumption that might not exist and it does not need to exist either in order for a newbie to get started in bitcoin.  What is it that you want to presume that they are missing?  If they don't have capital, you wan them to start saving capital before they start?  That make no sense, especially if we have already been presented with the idea that before anyone can invest in bitcoin, they have figured out that they have discretionary funds, and if we are figuring out their discretionary funds, we don't have to build up the discretionary funds prior to getting started as you seem to be implying.

If they have discretionary funds, then they can figure out how much they want to start with, whether it is $100, $10 or some other amount...  If they are uncomfortable, then they would error on the side of starting with a smaller amount, no?  What further do they need to know?


Can't you adjust the position size and learn as you go?  Let's say that a person has $100, and he is figuring out how to buy bitcoin, so maybe he goes through the process by buying $20 or $30, and he is figuring out from where he is buying the bitcoin and he is learning as he goes.. and if he only has less than an hour, then maybe he might feel he needs more time, so he has to spend a bit of time figuring out how to make his first buy..   What is it that he does not know that he needs to know?  Maybe he goes through his various income and expenses, so that might take him several hours to figure out how much money he has available each week.. Wouldn't he be learning as he goes? and maybe he is not going to buy any bitcoin until he is clear about whether he has $100 available every week, and then once he figures out that he has $100 available every week, then maybe he decides to make the first buy with only $20 so that he can go through the process of making a buy, and isn't he learning a lot  of information by going through the process rather than theorizing about some things that you believe that he needs to know?


You seem to be contradicting yourself here by suggesting that it is easy to get started.

I do agree that the overwhelming majority of normal people already possess all of the basic skills to invest in bitcoin, yet they still may need to practice to really hone their skills, whether it is math or organizing themselves or projecting out their cashflows, so the skills are basic, yet everyone (especially beginners) likely need to practice to hone their skills, and even folks who are more experienced with investing and/or cashflow management, they would still need to get used to how bitcoin fits within their already existing knowledge and experiences and so they can fit bitcoin into what they are doing and perhaps make some adjustments to what they are already doing in order to fit what they are doing into what they are going to do with bitcoin.

An emergency fund can provide security to an investor so that he does not have to move forward with the fear that he may have to sell his investment if he suddenly needs it. An investor can form an emergency fund as he wishes, considering his position and the needs that may arise in the future. However, excessive pressure should not be taken on forming an emergency fund, but just as an investor maintains the continuity of his investment without pressure, he should try to enrich his investment without pressure. Yes, if a sudden need arises while investing, the investor can use the money from that fund and again when he has extra money, he can refill his emergency fund again.

Both backup and investment are important in case of safe Bitcoin accumulation, DCA strategy helps you to invest regularly and in a disciplined manner. But the decision of how much money to allocate depends entirely on your financial situation and risk-taking ability.
For example:- If you have the capacity to invest $25/100.
The investor will decide how much money to invest per week/month and DCA will say okay, give $25/100 regularly every week/month no matter what the price is. In short, Only you will decide how much money to invest, not DCA, and 'how to invest' this strategy will be given by DCA.

This strategy of accumulating $25 Bitcoin against $100 at the time of investment would be wrong because about 90% of the amount you earn may be needed to meet the daily needs of the family. The amount of Bitcoin that investors accumulate depends on the individual and the income.

The correct strategy is the Bitcoin accumulating strategy through discretionary income or funds. We often advise new investors to do this to reduce the amount of mistakes and risks in investing. The price of Bitcoin is volatile and it is not possible to accurately predict its future value, so the DCA method is the best strategy foraccumulating.

Investing in Bitcoin based on total income can create a risky situation in your financial sector in the future. It is not wise to not prioritize the present for future financial prosperity. This puts you at risk of poverty and will create obstacles to putting down Bitcoin in the long term.