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Since about mid-2020, I have been recommending $100 per week, but if you can only do $10 per week or some smaller amount, then do what you can.
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Yes...
Perhaps you are suggesting that a more aggressive approach might have a better pay off, yet people can ONLY do what they can do in terms of how much cashflow that they can spare.
That particular comment is aimed at newbies, who surely have to start somewhere prior to perhaps starting to "get" what bitcoin is and "get" what they would be investing into.
Surely I am on the side of being aggressive in terms of establishing a bitcoin position, but everyone should be careful about over extending themselves, whether newbies need to increase their income or cut their expenses or some combination of that is going to have a lot of individual variation.
Of course, in the western income countries, people should be able to be even more aggressive that $100 per week... and also if someone has already built up their investment portfolio in other asset categories, they might even be able to lump sum into bitcoin or merely have a way more aggressive approach if they are establishing a position in bitcoin... yet I can surely relate that some times people with already established investment portfolios might feel that they don't want to sell anything, so whenever they establish a new position in something (in this case bitcoin) they may well be inclined to just divert all of their new money towards the new thing that they are adding (in this case bitcoin), so it might also take longer to establish their position, even though that might be how they prefer to establish their position.. that way they don't have to sell anything (and potentially incur tax consequences or some other administrative issues in terms of selling and buying something else)....
One time, I had a pretty decently size new investment that I had established in something other than bitcoin, and at first I was hesitant to sell any of it, but then I thought that it really did not make much of a difference anyhow because it was long term capital gains, and the thing had not even really gained that much, so when I sold it, the amount of tax was not even very BIG, even though I had taken a decent sized position and let it run a couple of years... so sometimes we might have some initial reluctancies to reposition some of our investments, even though the tax consequences might not be as large as we might initially presume them to be. YMMV.
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An interesting story...Texas actually sued Celsius and thinking that they would probably prevent state inhabitants from participating probably saved my hide with respect to Celsius.
I was 'hungry" for yield in 2020-2021 and could have lost a bit there, but didn't.
Same happened with Mt. Gox in late 2013...never bought anything there, just did not feel right.
hahahahaha I remember how aggressive you were in regards to my approach. .and saying never sell your bitcoin blah blah blah..
And, hey there is nothing wrong with yield it is coming through responsible parties.. but holy shit we saw that how a lot of these supposedly established businesses were presenting themselves as responsible and conservative and blah blah blah.. and then we find out how degenerate they were.. including using client funds in their various forms of degeneracy.. so in some sense, they might even present themselves as paying a conservative "yield" but they were not even being "conservative" on their own side of the ledger.. those fucks.
Or, maybe it was a little doubt, I cannot really recall.
Same happened with Mt. Gox in late 2013...never bought anything there, just did not feel right.
But at least you bought 20 BTC at a later date and through your own means..and hopefully you still have those potentially moldie private keys..
just trying to rile you up a wee bit on lovely weekend.
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