I_Anime
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May 10, 2024, 09:59:13 PM |
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Aggressive approach may sometimes bad if you don't know what you are doing but there are times that its good to execute this especially if our knowledge is enough and you have confident that there's something good will happen on your bitcoin investment in long period of time.
Like I said agresive approach is not bad expecially if you are capable of it. And there is no special skill or knowledge required what really matters is where you get you source of income from. You may not be well knowledgeable about bitcoin but provided you have a higher paying job that can be able for you to increase your investment strategy, you are good to go. Let me say a person who receive $1300 as a salary may be investing $50 on DCA weekly or $100 depending on his programming. He may as well increase it to $300 weekly if he has a higher paying job of $4000 so it may seam to be an aggressive investment but it's not a bad one because he is capable to invest and have enough in his discretionary or reserved and floats. When it can be addressed as a bad aggressive Investment is when he is aiming $1300 and investing $200 weekly. Investment are made according someone capacity to accept risk and lost, anyone who investing around $200 weekly is depending on their level of risk and not about what they are earning per months. Before you are called a HODLer, it is assumed that you are already a rist taker who eventually keep investing and HODLing for a long term without thinking of either bearish and bull market. So Increasing your level of weekly investment by $200 surely depends on your level income or salary and there is no doubt about it because if you don't have enough income generation you wouldn't increase the level of you btc portfolio or increase the level of your discretionary. Though most people may have enough amount to invest more but chose to invest little as to avoid risk, but i doubt if those are truely HODLers ofcus such people are traders who looks for opportunities to buy at slight dip and sell the rips. I disagree with you that those who have more than enough funds to invest in bitcoin but choose to invest only little are traders. It is just that they don't have the insight of what the power of bitcoin will be in future based on value, because if they know, they will happily invest aggressively instead of in a whimpy way. Those who invest whimpishly will always regret in the latter when bitcoin price hits a certain level. Let just take for example as you had already explained above, someone earning 1300$ per month and aiming at investing $200 per week, this implies that 200$ x 4 (4 weeks as 1 month) is equal to $800 and he is now left with $500, to me there is nothing wrong with this and I don't see it as aggressive approach because since the balance can foot his bill or sustain him while the next salaries comes and what we must understand is that the money his is using for DCA is not a wasted resources and can be easily gotten back if he wants provided that bitcoin prices is on positive side. What I easily sees as aggressive investment is when someone receives salaries and wanting to put all into DCA and later run began to dip hands into investment for his upkeep and as a reserved funds.
Agresive Investment is not only putting all your fund in bitcoin without having reserved and emergency, sometimes investing %80 of your fund in bitcoin without considering the level of your discretionary and emergency fund can as well be seen as agresive or over doing. like as I explained above if you received $1300 and you invest $200 each every week, making a total of $800 per month left with $500, that is a bad agresive Investment and surely the person is over doing it. because your bitcoin Investment should be don in a manner that you will not over do it. It will definitely affect you or Put you in a tight corner. If you Invest $800 on bitcoin how much will you use for feeding and running family expenses? Or how much will you set aside for emergency and reserved? Surely if you over invest in Bitcoin, the $500 available amount you will not be enough for emergency and reserved. Definitely it will affect your bitcoin HODLing. Though it depends on you and how you can be able to manage your family. If its you alone you can cope but if it's a large family I doubt if you can manage. The point of the matter is that don't over invest what you can not afford to lose that will make you to sell you bitcoin HODLing down the road because of not having a discretionary fund to back you up. You can invest aggressively when you have the funds to do that, the most important thing is that you don't over do it, if not it will affect you, and you will end up selling some part of your bitcoin to conver up some emergencies that will arise. Your emergency funds is good to be in a good position size because that is what will determine how aggressive you will be in buying regularly weekly or monthly. Like I said whomever that is doing this investment should be able to know that he has what would sustain him or her at the cost of investment, people are investment according to their risk levels and anyone who has chosen a best way that is suitable for him should carry on with his investment, in as much as he understood the situation and knows when to tackle risk and needs then what more bro? Like me I invest according to how I could accept my risk level I don't over investment where I have to put myself in a tight corner or having to start dipping hands in my previous investment is a really bad practice in my opinion and can never make a good investment. He must set aside reservation or cushion fee that would be sufficiently enough to carry out their emergency needs without them having to go touch their investment to keep pushing their lives. That's why they keep on saying that one should be aggressive without over doing it. Because dipping all yah cash into an investment without any proper plannings like having an emergency funds, is not encouraging at all . That's why sir JJG always emphasize on this that we should always have an emergency funds in form or fiat or usdt. And we shouldn't over do it whenever we trying to be aggressive. So in order words if you have some good discretionary income. You can share it into percentage leaving some as emergency funds and the other for investing. The thing is that when it comes to investing in Bitcoin one should have some nice stashes inorder to gain good profit from it. Because not being able to stash good quantities of Bitcoin may lead to one not making good profit from his holdings.
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CcnoutChopper19
Newbie
Offline
Activity: 16
Merit: 11
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May 10, 2024, 11:02:49 PM |
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Aggressive approach may sometimes bad if you don't know what you are doing but there are times that its good to execute this especially if our knowledge is enough and you have confident that there's something good will happen on your bitcoin investment in long period of time.
Like I said agresive approach is not bad expecially if you are capable of it. And there is no special skill or knowledge required what really matters is where you get you source of income from. You may not be well knowledgeable about bitcoin but provided you have a higher paying job that can be able for you to increase your investment strategy, you are good to go. Having good and reliable income sources does help a lot, yet we cannot presume that people have good and reliable income sources, and sometimes they have to spend a decent amount of their free time searching for back up income sources and sometimes even doing fairly bad paying work while they are trying to improve their situation, and maybe trying to improve the kinds of jobs that they are able to do when working for someone else or when establishing their own business (that sometimes will involve building your reputation and doing work that does not pay very well in order to potentially be able to get better jobs in the future). If we talk about investing then yes of course as you said that having a good and reliable source of income is a good situation for an investor, because by having a qualified source of income then they will be able to balance all their money allocations evenly, such as to cover the cost of living and divide a portion for bitcoin accumulation every time they enter the allocation schedule in the DCA strategy they use. But yes basically it is quite easy to say but it is difficult to actually be in that situation especially for those investors who have a middle to lower financial situation that sometimes even to meet the cost of necessities is not enough. But I think it's a fact that all of that can be fixed if they're really serious about getting involved in the investment world, by any means improving their financial situation and maybe in a way like you said buddy by improving their source of income, whether it's finding a better job or adding a part-time job.
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Tmoonz
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May 11, 2024, 09:34:00 AM Last edit: May 11, 2024, 09:45:07 AM by Tmoonz Merited by JayJuanGee (1) |
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Aggressive approach may sometimes bad if you don't know what you are doing but there are times that its good to execute this especially if our knowledge is enough and you have confident that there's something good will happen on your bitcoin investment in long period of time.
Like I said agresive approach is not bad expecially if you are capable of it. And there is no special skill or knowledge required what really matters is where you get you source of income from. You may not be well knowledgeable about bitcoin but provided you have a higher paying job that can be able for you to increase your investment strategy, you are good to go. Having good and reliable income sources does help a lot, yet we cannot presume that people have good and reliable income sources, and sometimes they have to spend a decent amount of their free time searching for back up income sources and sometimes even doing fairly bad paying work while they are trying to improve their situation, and maybe trying to improve the kinds of jobs that they are able to do when working for someone else or when establishing their own business (that sometimes will involve building your reputation and doing work that does not pay very well in order to potentially be able to get better jobs in the future). If we talk about investing then yes of course as you said that having a good and reliable source of income is a good situation for an investor, because by having a qualified source of income then they will be able to balance all their money allocations evenly, such as to cover the cost of living and divide a portion for bitcoin accumulation every time they enter the allocation schedule in the DCA strategy they use. But yes basically it is quite easy to say but it is difficult to actually be in that situation especially for those investors who have a middle to lower financial situation that sometimes even to meet the cost of necessities is not enough. But I think it's a fact that all of that can be fixed if they're really serious about getting involved in the investment world, by any means improving their financial situation and maybe in a way like you said buddy by improving their source of income, whether it's finding a better job or adding a part-time job. The dca has really made it more easier for a common man only if he understand how much of his discretional and disposable income after taken care of his personal needs and a provisional emergency funds before considering Bitcoin investment as he make purchases with as little as he can be doing comfortably either weekly or monthly, I would want to say that meeting up one personal needs can be of different standard, there are those who might have been spending on things that may not have been necessary than investment where they could have curtail expenses in way that it will not affect there living and as well invest in Bitcoin. It must not necessarily be improving their source of income, or finding a better job, or adding a part time job but also has a lot to do with proper planning and budgets, thou they are all good as it gives you an opportunity of being in a good position of maximizing opportunities of buying Bitcoin, however there are those who are very off about investment but only focus on satisfying their personal needs and spending on things that might not be necessary to the extend of buying liability instead of an asset all in the name of covering their cost of living.
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laijsica
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May 11, 2024, 10:23:39 AM Merited by JayJuanGee (1) |
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Aggressive approach may sometimes bad if you don't know what you are doing but there are times that its good to execute this especially if our knowledge is enough and you have confident that there's something good will happen on your bitcoin investment in long period of time.
Like I said agresive approach is not bad expecially if you are capable of it. And there is no special skill or knowledge required what really matters is where you get you source of income from. You may not be well knowledgeable about bitcoin but provided you have a higher paying job that can be able for you to increase your investment strategy, you are good to go. Having good and reliable income sources does help a lot, yet we cannot presume that people have good and reliable income sources, and sometimes they have to spend a decent amount of their free time searching for back up income sources and sometimes even doing fairly bad paying work while they are trying to improve their situation, and maybe trying to improve the kinds of jobs that they are able to do when working for someone else or when establishing their own business (that sometimes will involve building your reputation and doing work that does not pay very well in order to potentially be able to get better jobs in the future). If we talk about investing then yes of course as you said that having a good and reliable source of income is a good situation for an investor, because by having a qualified source of income then they will be able to balance all their money allocations evenly, such as to cover the cost of living and divide a portion for bitcoin accumulation every time they enter the allocation schedule in the DCA strategy they use. But yes basically it is quite easy to say but it is difficult to actually be in that situation especially for those investors who have a middle to lower financial situation that sometimes even to meet the cost of necessities is not enough. But I think it's a fact that all of that can be fixed if they're really serious about getting involved in the investment world, by any means improving their financial situation and maybe in a way like you said buddy by improving their source of income, whether it's finding a better job or adding a part-time job. Building a decent-sized portfolio can take longer for middle- or lower-income people because of their large deficit in disposable income. Basically investing in BTC should encourage rather than discourage small or medium investors and deposit at least $10 if it can run and not have to withdraw midway. Maybe it will take them 10 years or more to reach a point - at least getting used to BTC investing. DCA is really difficult to manage due to the lack of consistency of expenses and excess cash supply compared to an individual's income, in addition to having a separate source of income in this case. But you may not have other options to increase your income or spend most of your day in your current job. I think in terms of investing, even if it's on a small scale or in small amounts, having the habit of accumulating your BTC by following the DCA method will allow your portfolio to grow over the years.
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Mayor of ogba
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May 11, 2024, 10:37:57 AM |
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Hey do you want to do an experiment on the difference of opinion. Maybe we could setup a thread with the two of us in, and setup some rules for the experiment. Im totally open to discussing and defining the rules but i was thinking something like this
Term - 12 months, split into 52 weekly time frames Budget(Imaginary) - $5200 Exchange - Bitstamp for pricing buys Changes Allowed - Sundays only and require to be posted on the thread.
I set dca up for a fixed weekly buy, at 5pm UTC on a Monday every week, and then record the imaginary btc amount in the thread. I can change my dca amount any week by posting in the thread on Sunday only but cannot go past the Budget of $5200.
You post every Sunday in the thread with your market limit buys targeting your dip targets for that week Mon - Sun , if any hit during the week, you record the btc amount & price paid in the thread. You can cancel your limit buy orders after they stayed active for at least one week. You can set any amount to the limit buy orders but cannot go past the budget of $5200.
At year end we tally the total amount BTC, AVG Price, $Spent and see how we did.
This is not a bet/wagering opportunity just a simple experiment. Others ofc can bet on the outcomes tho.
Any interest?
First of all congrats on your new Full member rank! What I see here is that you are trying to go on a bet with Tungbulu, but I'll tell you he is not ready yet, I feel most of the strategies he speaks about he does not practice it, but this is a challenge window and it is open for anyone who thinks his idea on bitcoin investment is valid. After all, we are all here to learn and correct our past mistakes or see opinions from other members. I am really interested in the bet/wagering, I believe it will be more than just an experiment as a good accumulation would be gotten based on the term which is obviously a year period. You both can start I could use your strategies and play around with my new long-term goal. Besides by now Tungbulu would has suppose to respond to this. Well I would prefer to tell you guys not to bet at all cause I know a gamble can be and one of you guys might take it too serious and get yourself into trouble, but if you guys would agree to do this just for a learning experience then it's nice, we could all learn from the comparison of both strategies, but I hardly see the need and I don't know how rich you guys are, but DCA has already proven to be a better method than most cause it supports all kind of investors, rich and average, newbie and experienced, and i have already b using it for myself, I've hardly tried any other strategy yer and I'm still keeping funds in my reserves for buying on dip, you guys can knock yourselves out as long as you stay and track and dint take this too far. For me focus on DCA as one of best option is good but can't advise any one not to give a trial what it's heart desires because life is a risk and only those who knows it's and give it a trial strives.this remind me in our argument of diversifying where we argue much different people knows how they handle there own loss or risk they venture into trying to restrict person on what he made if made to do is like infregement to it's right, even why people see the DCA as the best strategy some still make use of lumps sum, why some still trade I think everyone do things according to how it's capacity can carry , this is why different management strategies are in existence by different individual. Some people forget we are here to accumulate bitcoin, hold it until the expected year we want to sell it, and not to be in competition to see who will accumulate more bitcoin. Invest in bitcoin according to your income source. Don't take because of Mr. A is accumulating bitcoin with different strategies and wants to follow him; you have no idea what kind of plans he has put in place that allow him to do that. If you know your income source is not good, stick with the DCA strategy so that you will have enough money left to cover your living expenses. The journey of Hodler is not easy; you will always have money to cover your living expenses before you can succeed. We should be careful how we use our money to buy dip if our income source is not good. The goal is to accumulate bitcoin, hold it for the long term, and also live a comfortable life.
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Jerrycrypto2024
Member
Offline
Activity: 70
Merit: 12
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May 11, 2024, 11:23:03 AM |
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Hey do you want to do an experiment on the difference of opinion. Maybe we could setup a thread with the two of us in, and setup some rules for the experiment. Im totally open to discussing and defining the rules but i was thinking something like this
Term - 12 months, split into 52 weekly time frames Budget(Imaginary) - $5200 Exchange - Bitstamp for pricing buys Changes Allowed - Sundays only and require to be posted on the thread.
I set dca up for a fixed weekly buy, at 5pm UTC on a Monday every week, and then record the imaginary btc amount in the thread. I can change my dca amount any week by posting in the thread on Sunday only but cannot go past the Budget of $5200.
You post every Sunday in the thread with your market limit buys targeting your dip targets for that week Mon - Sun , if any hit during the week, you record the btc amount & price paid in the thread. You can cancel your limit buy orders after they stayed active for at least one week. You can set any amount to the limit buy orders but cannot go past the budget of $5200.
At year end we tally the total amount BTC, AVG Price, $Spent and see how we did.
This is not a bet/wagering opportunity just a simple experiment. Others ofc can bet on the outcomes tho.
Any interest?
First of all congrats on your new Full member rank! What I see here is that you are trying to go on a bet with Tungbulu, but I'll tell you he is not ready yet, I feel most of the strategies he speaks about he does not practice it, but this is a challenge window and it is open for anyone who thinks his idea on bitcoin investment is valid. After all, we are all here to learn and correct our past mistakes or see opinions from other members. I am really interested in the bet/wagering, I believe it will be more than just an experiment as a good accumulation would be gotten based on the term which is obviously a year period. You both can start I could use your strategies and play around with my new long-term goal. Besides by now Tungbulu would has suppose to respond to this. Well I would prefer to tell you guys not to bet at all cause I know a gamble can be and one of you guys might take it too serious and get yourself into trouble, but if you guys would agree to do this just for a learning experience then it's nice, we could all learn from the comparison of both strategies, but I hardly see the need and I don't know how rich you guys are, but DCA has already proven to be a better method than most cause it supports all kind of investors, rich and average, newbie and experienced, and i have already b using it for myself, I've hardly tried any other strategy yer and I'm still keeping funds in my reserves for buying on dip, you guys can knock yourselves out as long as you stay and track and dint take this too far. For me focus on DCA as one of best option is good but can't advise any one not to give a trial what it's heart desires because life is a risk and only those who knows it's and give it a trial strives.this remind me in our argument of diversifying where we argue much different people knows how they handle there own loss or risk they venture into trying to restrict person on what he made if made to do is like infregement to it's right, even why people see the DCA as the best strategy some still make use of lumps sum, why some still trade I think everyone do things according to how it's capacity can carry , this is why different management strategies are in existence by different individual. Some people forget we are here to accumulate bitcoin, hold it until the expected year we want to sell it, and not to be in competition to see who will accumulate more bitcoin. Invest in bitcoin according to your income source. Don't take because of Mr. A is accumulating bitcoin with different strategies and wants to follow him; you have no idea what kind of plans he has put in place that allow him to do that. If you know your income source is not good, stick with the DCA strategy so that you will have enough money left to cover your living expenses. The journey of Hodler is not easy; you will always have money to cover your living expenses before you can succeed. We should be careful how we use our money to buy dip if our income source is not good. The goal is to accumulate bitcoin, hold it for the long term, and also live a comfortable life. Yes that is the conclusion of the whole matter, your in tone of my point of argument, many deray from the point the objective of here is centered on how to accumulate BTC using the DCA strategy according to what you can afford and how your capacity may be no competition or comparison, neither is it in turn restricting any one one what ever strategy you want to join together with the DCA, the issue is if one examine it's self that is capable to use different strategies your free but whoever the strength don't reach should not copy whose strength reach because is not how far but how well.
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tiCeR
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May 11, 2024, 12:03:46 PM |
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The one thing that always gets me in the variance of opinion, is general the BFTD person goes back in time a picks out a historical period that suits/backsup their assertation that BFTD is better. Then assert what they would have done to get all the different dips. But in a future price pattern is hard to guess, and really know are you getting it at the correct dip price. When we hit the ATL this cycle, I remember alot of people were waiting for <12k when we are about 15-16k mark, and probably missed the boat. The dca'r would have got some really close to it for a bit. When the market started rising I would be fairly certain the dip buyers probably got in at a higher price some where in the >20k. I think this scenario plays out quite a bit more than people are willing to admit during all cycles, and price volatility in bitcoin.
For the experiment the future market is a complete unknown, for both the dca'r and the dip buyer. It creates a level playing field and simulates reality, I think the experiment would help show some of WCS(woulda,coulda,shoulda) side of dip buying that you dont really have privy too.
That sums it up pretty well! The market is unknown and while there was a time when big players like Binance probably could manipulate the market if they wanted to (or did?), it's now a point where even the big players most likely have a harder time to really tell where it goes as the number of big players is growing. Unless they collude, it' more a question of tendency than price points. And as you said, nobody knew whether it would go down or up at at the 15-16k mark and yet you find all these gurus with their moving averages and what not to tell the world where BTC goes next. I have long, very long given up following anyone of these gurus. I can't even tell when I watched someone drawing lines the last time. If anything, the only person or entity to know whether BTC goes tremendously down is the one sitting on at least 50k BTC and decides to dump. But that person won't let the world know, so no guru can know. You can twist any data points for so long such that any drawn line and any other indicator for that matter, makes sense somehow, at least somehow, and then propagate it as if it was genius analysis.
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ultrloa
Legendary
Offline
Activity: 2926
Merit: 1268
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May 11, 2024, 12:07:33 PM |
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Hey do you want to do an experiment on the difference of opinion. Maybe we could setup a thread with the two of us in, and setup some rules for the experiment. Im totally open to discussing and defining the rules but i was thinking something like this
Term - 12 months, split into 52 weekly time frames Budget(Imaginary) - $5200 Exchange - Bitstamp for pricing buys Changes Allowed - Sundays only and require to be posted on the thread.
I set dca up for a fixed weekly buy, at 5pm UTC on a Monday every week, and then record the imaginary btc amount in the thread. I can change my dca amount any week by posting in the thread on Sunday only but cannot go past the Budget of $5200.
You post every Sunday in the thread with your market limit buys targeting your dip targets for that week Mon - Sun , if any hit during the week, you record the btc amount & price paid in the thread. You can cancel your limit buy orders after they stayed active for at least one week. You can set any amount to the limit buy orders but cannot go past the budget of $5200.
At year end we tally the total amount BTC, AVG Price, $Spent and see how we did.
This is not a bet/wagering opportunity just a simple experiment. Others ofc can bet on the outcomes tho.
Any interest?
First of all congrats on your new Full member rank! What I see here is that you are trying to go on a bet with Tungbulu, but I'll tell you he is not ready yet, I feel most of the strategies he speaks about he does not practice it, but this is a challenge window and it is open for anyone who thinks his idea on bitcoin investment is valid. After all, we are all here to learn and correct our past mistakes or see opinions from other members. I am really interested in the bet/wagering, I believe it will be more than just an experiment as a good accumulation would be gotten based on the term which is obviously a year period. You both can start I could use your strategies and play around with my new long-term goal. Besides by now Tungbulu would has suppose to respond to this. Well I would prefer to tell you guys not to bet at all cause I know a gamble can be and one of you guys might take it too serious and get yourself into trouble, but if you guys would agree to do this just for a learning experience then it's nice, we could all learn from the comparison of both strategies, but I hardly see the need and I don't know how rich you guys are, but DCA has already proven to be a better method than most cause it supports all kind of investors, rich and average, newbie and experienced, and i have already b using it for myself, I've hardly tried any other strategy yer and I'm still keeping funds in my reserves for buying on dip, you guys can knock yourselves out as long as you stay and track and dint take this too far. For me focus on DCA as one of best option is good but can't advise any one not to give a trial what it's heart desires because life is a risk and only those who knows it's and give it a trial strives.this remind me in our argument of diversifying where we argue much different people knows how they handle there own loss or risk they venture into trying to restrict person on what he made if made to do is like infregement to it's right, even why people see the DCA as the best strategy some still make use of lumps sum, why some still trade I think everyone do things according to how it's capacity can carry , this is why different management strategies are in existence by different individual. Some people forget we are here to accumulate bitcoin, hold it until the expected year we want to sell it, and not to be in competition to see who will accumulate more bitcoin. Invest in bitcoin according to your income source. Don't take because of Mr. A is accumulating bitcoin with different strategies and wants to follow him; you have no idea what kind of plans he has put in place that allow him to do that. If you know your income source is not good, stick with the DCA strategy so that you will have enough money left to cover your living expenses. The journey of Hodler is not easy; you will always have money to cover your living expenses before you can succeed. We should be careful how we use our money to buy dip if our income source is not good. The goal is to accumulate bitcoin, hold it for the long term, and also live a comfortable life. I don't know if there's some impression like that exist by doing such method since people didn't aim to gain for short term. Maybe there are different views on how to approach certain information or strategies they learned. But what's important is their goal and if they feel that they need to compete with other then maybe its better if they erase this thoughts since the most important thing that needed to take their attention is on how they could improve their selves regarding to learn on how those DCA method should perfectly done. Also how they could able to budget their funds so they may have good budget to spend for their hodl plans and also on how they should deal with certain situations that might disturb the hodl activities they do. The journey of hodlers is not easy especially if you are a newbie since for sure there would be a lot of challenges you need to surpass but if you are experience investors for sure you provably enjoy all of things what you do and can give good advice to those people who plan to start their hodl journey.
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Tamaperdana
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May 11, 2024, 12:24:52 PM |
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Aggressive approach may sometimes bad if you don't know what you are doing but there are times that its good to execute this especially if our knowledge is enough and you have confident that there's something good will happen on your bitcoin investment in long period of time.
Like I said agresive approach is not bad expecially if you are capable of it. And there is no special skill or knowledge required what really matters is where you get you source of income from. You may not be well knowledgeable about bitcoin but provided you have a higher paying job that can be able for you to increase your investment strategy, you are good to go. Having good and reliable income sources does help a lot, yet we cannot presume that people have good and reliable income sources, and sometimes they have to spend a decent amount of their free time searching for back up income sources and sometimes even doing fairly bad paying work while they are trying to improve their situation, and maybe trying to improve the kinds of jobs that they are able to do when working for someone else or when establishing their own business (that sometimes will involve building your reputation and doing work that does not pay very well in order to potentially be able to get better jobs in the future). If we talk about investing then yes of course as you said that having a good and reliable source of income is a good situation for an investor, because by having a qualified source of income then they will be able to balance all their money allocations evenly, such as to cover the cost of living and divide a portion for bitcoin accumulation every time they enter the allocation schedule in the DCA strategy they use. But yes basically it is quite easy to say but it is difficult to actually be in that situation especially for those investors who have a middle to lower financial situation that sometimes even to meet the cost of necessities is not enough. But I think it's a fact that all of that can be fixed if they're really serious about getting involved in the investment world, by any means improving their financial situation and maybe in a way like you said buddy by improving their source of income, whether it's finding a better job or adding a part-time job. The dca has really made it more easier for a common man only if he understand how much of his discretional and disposable income after taken care of his personal needs and a provisional emergency funds before considering Bitcoin investment as he make purchases with as little as he can be doing comfortably either weekly or monthly, I would want to say that meeting up one personal needs can be of different standard, there are those who might have been spending on things that may not have been necessary than investment where they could have curtail expenses in way that it will not affect there living and as well invest in Bitcoin. It must not necessarily be improving their source of income, or finding a better job, or adding a part time job but also has a lot to do with proper planning and budgets, thou they are all good as it gives you an opportunity of being in a good position of maximizing opportunities of buying Bitcoin, however there are those who are very off about investment but only focus on satisfying their personal needs and spending on things that might not be necessary to the extend of buying liability instead of an asset all in the name of covering their cost of living. > Aggressive approach. > Source of income. > Type of work. > Planning. > Suitable technique for making "DCA" investments. Of course, all these factors need to be considered when starting to invest in Bitcoin. Because after all, all the factors above are very important foundations so that Bitcoin investment can run more smoothly and optimally. However, there are times when all of the factors above do not apply, in some people, or at certain times. For example, if we look at financial conditions, of course everyone in this world has different financial conditions, so of course an aggressive approach would not be recommended for people who have middle to lower financial conditions, because it would be too risky to do that. Then regarding the source of income, this factor is very important for someone who wants to start investing in bitcoin. Because if you look at it from the positive side, having a source of income will definitely make it easier to manage money for your needs and also for investment assets such as bitcoin. But in my opinion, only a handful of people can really allocate their money well and really meet all their needs, even though they have a source of income. So if that's the case, other factors are also hampered. So in conclusion, investing in Bitcoin has many paths and many (complex) ways, depending on the situation of the person who wants to invest. And in my opinion, it doesn't matter how, or what path you take when you start investing in bitcoin, but the most important thing is to learn about bitcoin first.
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Wind_FURY (OP)
Legendary
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Activity: 3094
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May 11, 2024, 03:09:42 PM |
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So in conclusion, investing in Bitcoin has many paths and many (complex) ways, depending on the situation of the person who wants to invest. And in my opinion, it doesn't matter how, or what path you take when you start investing in bitcoin, but the most important thing is to learn about bitcoin first.
My advice to newbies today is, buy at the DIP to get more units in Bitcoin as soon as possible, and study later. Let the greed guide you now and learn about it later. But I'm very confident that after a newbie starts to learn more and more, and goes deeper and deeper into his path, he/she will stay for the revolution. Many of us came here because of greed and stayed for other reasons, DEEPER reasons. Good luck on your journey my fellow plebs.
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Tmoonz
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May 11, 2024, 03:11:52 PM |
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Aggressive approach may sometimes bad if you don't know what you are doing but there are times that its good to execute this especially if our knowledge is enough and you have confident that there's something good will happen on your bitcoin investment in long period of time.
Like I said agresive approach is not bad expecially if you are capable of it. And there is no special skill or knowledge required what really matters is where you get you source of income from. You may not be well knowledgeable about bitcoin but provided you have a higher paying job that can be able for you to increase your investment strategy, you are good to go. Having good and reliable income sources does help a lot, yet we cannot presume that people have good and reliable income sources, and sometimes they have to spend a decent amount of their free time searching for back up income sources and sometimes even doing fairly bad paying work while they are trying to improve their situation, and maybe trying to improve the kinds of jobs that they are able to do when working for someone else or when establishing their own business (that sometimes will involve building your reputation and doing work that does not pay very well in order to potentially be able to get better jobs in the future). If we talk about investing then yes of course as you said that having a good and reliable source of income is a good situation for an investor, because by having a qualified source of income then they will be able to balance all their money allocations evenly, such as to cover the cost of living and divide a portion for bitcoin accumulation every time they enter the allocation schedule in the DCA strategy they use. But yes basically it is quite easy to say but it is difficult to actually be in that situation especially for those investors who have a middle to lower financial situation that sometimes even to meet the cost of necessities is not enough. But I think it's a fact that all of that can be fixed if they're really serious about getting involved in the investment world, by any means improving their financial situation and maybe in a way like you said buddy by improving their source of income, whether it's finding a better job or adding a part-time job. The dca has really made it more easier for a common man only if he understand how much of his discretional and disposable income after taken care of his personal needs and a provisional emergency funds before considering Bitcoin investment as he make purchases with as little as he can be doing comfortably either weekly or monthly, I would want to say that meeting up one personal needs can be of different standard, there are those who might have been spending on things that may not have been necessary than investment where they could have curtail expenses in way that it will not affect there living and as well invest in Bitcoin. It must not necessarily be improving their source of income, or finding a better job, or adding a part time job but also has a lot to do with proper planning and budgets, thou they are all good as it gives you an opportunity of being in a good position of maximizing opportunities of buying Bitcoin, however there are those who are very off about investment but only focus on satisfying their personal needs and spending on things that might not be necessary to the extend of buying liability instead of an asset all in the name of covering their cost of living. > Aggressive approach. > Source of income. > Type of work. > Planning. > Suitable technique for making "DCA" investments.Of course, all these factors need to be considered when starting to invest in Bitcoin. Because after all, all the factors above are very important foundations so that Bitcoin investment can run more smoothly and optimally. However, there are times when all of the factors above do not apply, in some people, or at certain times. For example, if we look at financial conditions, of course everyone in this world has different financial conditions, so of course an aggressive approach would not be recommended for people who have middle to lower financial conditions, because it would be too risky to do that. Then regarding the source of income, this factor is very important for someone who wants to start investing in bitcoin. Because if you look at it from the positive side, having a source of income will definitely make it easier to manage money for your needs and also for investment assets such as bitcoin. But in my opinion, only a handful of people can really allocate their money well and really meet all their needs, even though they have a source of income. So if that's the case, other factors are also hampered. So in conclusion, investing in Bitcoin has many paths and many (complex) ways, depending on the situation of the person who wants to invest. And in my opinion, it doesn't matter how, or what path you take when you start investing in bitcoin, but the most important thing is to learn about bitcoin first. My emphasis is in the part I bolded that talks about dca Dca is strategy for accumulating Bitcoin and not an investment I would like to say that the dca strategy does not requires any special or suitable techniques to accomplish it's purpose, it is a simple strategy that involves the practice of a systematic investing of equal amount of money at regular intervals irrespective of the price point and it can become more easier if purchases can be made by automatic by setting a buy order as it saves the stress of timing the market before making purchases of Bitcoin.
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liasbaa
Member
Offline
Activity: 176
Merit: 53
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May 11, 2024, 03:38:07 PM |
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So in conclusion, investing in Bitcoin has many paths and many (complex) ways, depending on the situation of the person who wants to invest. And in my opinion, it doesn't matter how, or what path you take when you start investing in bitcoin, but the most important thing is to learn about bitcoin first.
My advice to newbies today is, buy at the DIP to get more units in Bitcoin as soon as possible, and study later. Let the greed guide you now and learn about it later. But I'm very confident that after a newbie starts to learn more and more, and goes deeper and deeper into his path, he/she will stay for the revolution. Many of us came here because of greed and stayed for other reasons, DEEPER reasons. Good luck on your journey my fellow plebs. You are right! Now is the season to invest in bitcoin and now is the time to buy at dips. I think most investors invest for profit so you can call this expectation greedy. However investors who were waiting for high quality dips especially new investors can now buy at their expected price. Dips season may not last long as the demand level is gradually increasing and future holders of a fraction of bitcoin may spend many more dollars.
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I_Anime
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May 11, 2024, 03:52:48 PM |
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Maybe it will take them 10 years or more to reach a point - at least getting used to BTC investing. DCA is really difficult to manage due to the lack of consistency of expenses and excess cash supply compared to an individual's income, in addition to having a separate source of income in this case. But you may not have other options to increase your income or spend most of your day in your current job. I think in terms of investing, even if it's on a small scale or in small amounts, having the habit of accumulating your BTC by following the DCA method will allow your portfolio to grow over the years One of the beauty of investing in bitcoin is that one may decide to start with amount as low as $10, to start his Bitcoin accumulation journey, and as time goes on he or she may decide to increase the amount of their bitcoin accumulation depending on their cashflow at that time. One thing we should know is that we can start our Bitcoin accumulation with any amount, but still our profit we may endup making still depend on the number of Bitcoin stashes in our portfolio. That's why we have to be consistent with our accumulation and same time be aggressive, without over doing it. Bitcoin is not like other coins , that may not bounce back whenever they experience a massive decrease in price. Though it may take time but Bitcoin always bounce back stronger, Like around 2022 Bitcoin experience a massive dip to the price range of $15k and it's started falling from the price range of $60k if am not mistaken (because is Kinda fuzzy now). Well then alot of folks sold their coins, and same time alot of folks also thought that Bitcoin may not recover back. But now look at Bitcoin has even created a new ATH and we all believe it ain't stopping there . So there's no reason for one to be scared of investing in bitcoin (though there's no guarantees, but still worth it), or procastinating now . Because you may only endup not doing yah self any good .
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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May 11, 2024, 07:54:12 PM |
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[edited out]
Building a decent-sized portfolio can take longer for middle- or lower-income people because of their large deficit in disposable income. Basically investing in BTC should encourage rather than discourage small or medium investors and deposit at least $10 if it can run and not have to withdraw midway. Maybe it will take them 10 years or more to reach a point - at least getting used to BTC investing. DCA is really difficult to manage due to the lack of consistency of expenses and excess cash supply compared to an individual's income, in addition to having a separate source of income in this case. But you may not have other options to increase your income or spend most of your day in your current job. I think in terms of investing, even if it's on a small scale or in small amounts, having the habit of accumulating your BTC by following the DCA method will allow your portfolio to grow over the years. In traditional investment, it might take someone who saves/invests 10%-25% of his/her salary 30 to 40 years to reach fuck you status, and they surely might not even be able to make it to such status, but surely investing/saving still may well be better than not saving investing - even though sometimes keeping value in cash might end up having a negative effect if the cash is losing value at a much higher rate than it is being stacked, which frequently could be true. Surely in bitcoin there seem to be greater chances that investing/saving at similar amounts would have good chances of having much greater payoffs, but it still does not mean that someone who would usually take 30-40 years would be able to reach such point in 10 years, and surely something like $10 per week might not even get a person very far, even in 10 years if it might be less than 1% of their income.. but yeah, putting value in bitcoin is probably going to still be better than nothing, and also relatively modest amounts might end up resulting in fairly decent advantages and options that would not have had existed without investing at all or having had invested in traditional investments rather than into bitcoin.. .. so there can be a combination of factors that help to ensure that the investment (even if relatively small) will have greater chances of being meaningful over a decently long period of time, such as 10 years or longer, yet I am still suggesting that if someone is really not in a very good place in terms of discretionary income, they still might take way longer than 10 years to get to a place where they are able to transition from still accumulating BTC and maybe into some kind of a spending status. For example, if we look at financial conditions, of course everyone in this world has different financial conditions, so of course an aggressive approach would not be recommended for people who have middle to lower financial conditions, because it would be too risky to do that.
Whimpy versus aggressive does not have to do with whether you are rich or poor, yet it is probably better to consider the matter of aggressive versus whimpy in terms of how much discretionary income you have and how much of it you dedicate to investing into bitcoin, so an aggressive person would strive towards investing a higher percentage than a whimpy person. Another thing is that any person could make errors in terms of measuring their finances, so it would be more likely that with a bit of practice, a person with more experience would be able to afford being more aggressive to the extent that s/he has had practice making sure that s/he is accurately measuring his/her finances and including having some systems in place such as emergency fund, reserves and/or float that might help to cushion if any errors were to be made.. so maybe it might be that the experienced person does not make any fewer errors than the newbie, but the experienced person has systems in place that are sufficient to cover any mistakes that might be made.. surely a pretty big error would be not having those kinds of back up funds in the first place, so that any error that ends up happening ends up causing that kind of ill-prepared person to have to dip into his/her bitcoin investment at a time that is not of his complete choosing. Either poor people or rich people can be badly organized, even though surely, just by the categorization of being rich, it is more likely that even if the rich person is badly organized, he still might end up having various classifications of funds that can be used to give him options in terms of not getting himself into a position of having to dip into his bitcoin at a time that is other than his own choosing, so it may well end up taking a higher level of lack of organization for such a thing to happen to a rich person as compared to a poor person, so surely part of the point would be for anyone to attempt to have some organization, and surely if you have less to work with (meaning that you are poor), then it is more likely that if you are wanting to try to get ahead and make progress, the more important it would be for you to be organize and to put systems in place that help you to make sure that you do not have to dip into your bitcoin other than times of your own complete and voluntary choosing.. So in conclusion, investing in Bitcoin has many paths and many (complex) ways, depending on the situation of the person who wants to invest. And in my opinion, it doesn't matter how, or what path you take when you start investing in bitcoin, but the most important thing is to learn about bitcoin first.
My advice to newbies today is, buy at the DIP to get more units in Bitcoin as soon as possible, and study later. Let the greed guide you now and learn about it later. But I'm very confident that after a newbie starts to learn more and more, and goes deeper and deeper into his path, he/she will stay for the revolution. Many of us came here because of greed and stayed for other reasons, DEEPER reasons. Good luck on your journey my fellow plebs. I hate to beat a dead horse even more dead, but you are asking for it.. Wind_FURY.. hahahahahaha In other words, if you are a newbie to bitcoin.. no need to wait for any dip.. For a newbie no coiner or low coiner, ** get the fuck started as soon as possible so that you can at least have some bitcoin, and think about price later.. maybe 1-2 years after you have been stacking sats for a while.. and studying about bitcoin and other personal financial management matters along the way... .. but other than that.. it seems that I agree with what you are saying. **By the way, when I mention low coiner, I am not suggesting that you have to rush to reach your bitcoin accumulation target, since that could take 10-20 years or more, yet a low coiner might be someone who is purposefully investing into bitcoin in a whimpy way, so there may be some need to increase your level of investment into bitcoin, which might be facilitated just by buying bitcoin regularly and studying into bitcoin further in order to gain confidence and then to potentially have some abilities to increase BTC accumulation aggressiveness in the direction of being less whimpy.
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1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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promise444c5
Sr. Member
Online
Activity: 462
Merit: 289
Learning never stops!
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May 11, 2024, 09:57:27 PM Last edit: May 11, 2024, 10:14:13 PM by promise444c5 |
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So in conclusion, investing in Bitcoin has many paths and many (complex) ways, depending on the situation of the person who wants to invest. And in my opinion, it doesn't matter how, or what path you take when you start investing in bitcoin, but the most important thing is to learn about bitcoin first.
My advice to newbies today is, buy at the DIP to get more units in Bitcoin as soon as possible, and study later. Let the greed guide you now and learn about it later. But I'm very confident that after a newbie starts to learn more and more, and goes deeper and deeper into his path, he/she will stay for the revolution. Many of us came here because of greed and stayed for other reasons, DEEPER reasons. Good luck on your journey my fellow plebs. I hate to beat a dead horse even more dead, but you are asking for it.. Wind_FURY.. hahahahahaha In other words, if you are a newbie to bitcoin.. no need to wait for any dip.. Yes exactly there's no need to wait for Dip to buy and a good example of a strategy that waits for ne need no DIP and still gives chance of buying the dips is the DCA strategy all needed is a steady inflow to sustain accumulation, learning could be done along to bring In more strategies as time goes on and an investor begins to understand more on how he could grow this invest more and more. To me I see no need to any other for the first one to two years just you initial accumulating strategy is enough , within this period alot of learning process would have taken place within to make decisions all by yourself
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JayJuanGee
Legendary
Offline
Activity: 3892
Merit: 11100
Self-Custody is a right. Say no to"Non-custodial"
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May 11, 2024, 10:10:43 PM |
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So in conclusion, investing in Bitcoin has many paths and many (complex) ways, depending on the situation of the person who wants to invest. And in my opinion, it doesn't matter how, or what path you take when you start investing in bitcoin, but the most important thing is to learn about bitcoin first.
My advice to newbies today is, buy at the DIP to get more units in Bitcoin as soon as possible, and study later. Let the greed guide you now and learn about it later. But I'm very confident that after a newbie starts to learn more and more, and goes deeper and deeper into his path, he/she will stay for the revolution. Many of us came here because of greed and stayed for other reasons, DEEPER reasons. Good luck on your journey my fellow plebs. I hate to beat a dead horse even more dead, but you are asking for it.. Wind_FURY.. hahahahahaha In other words, if you are a newbie to bitcoin.. no need to wait for any dip.. Yes exactly there's no need to wait for Dip to buy and a good example of a strategy that waits for ne need and still gives chance of buying the dips is the DCA strategy all needed is a steady inflow to sustain accumulation, learning could be done along to bring In more strategies as time goes on and an investor begins to understand more on how he could grow this invest more and more. To me I see no need to any other for the first one to two years just you initial accumulating strategy is enough , within this period alot of learning process would have taken place within to make decisions all by yourself I guess I am trying to say get started and learn along the way, and maybe after accumulating BTC for a year or two, there might be some justification to start to adjust the strategy based on how much BTC you have been able to accumulate and based on your other financial matters, and so in some sense, it can be difficult to come straight into an investment (something like BTC) and not take a bit of time to establish a position, and since Wind_FURY was referring to poor people, so for poor people in particular there might not even need to be too many adjustments along the way, just keep buying as aggressively as you are able to without overdoing it... but the thing, even for poor people, there might be some recognition that after a year or two of accumulating BTC, the BTC stash might be starting to get relatively large as compared to other investments (or savings) that might have had previously been done.. .. yet also it could be that the amount put in is still less than the value of the stash, so there could be some variations in regards to how to consider and look at the stash depending on how much had been put in and the extent to which the stash may or may not be in profits... although some folks might get distracted by merely being in profits, so some learning might need to happen in regards to how large of a stash might be considered to be a large enough size in order to start to consider some possibilities of changing strategies that go beyond just continued, ongoing persistent and consistent buying of BTC (perhaps weekly).
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1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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Chrysostomus
Newbie
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Activity: 6
Merit: 0
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May 11, 2024, 10:20:03 PM |
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We saw a large correction and yes now is a great time to Buy more Bitcoin. For newbies and poor people this is a perfect time to work for BTC income. When we get back above the all-time highs you will have a great bonus in your new wealth.
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promise444c5
Sr. Member
Online
Activity: 462
Merit: 289
Learning never stops!
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May 11, 2024, 10:26:50 PM |
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I guess I am trying to say get started and learn along the way, and maybe after accumulating BTC for a year or two, there might be some justification to start to adjust the strategy based on how much BTC you have been able to accumulate and based on your other financial matters, and so in some sense, it can be difficult to come straight into an investment (something like BTC) and not take a bit of time to establish a position, and since Wind_FURY was referring to poor people, so for poor people in particular there might not even need to be too many adjustments along the way, just keep buying as aggressively as you are able to without overdoing it... but the thing, even for poor people, there might be some recognition that after a year or two of accumulating BTC, the BTC stash might be starting to get relatively large as compared to other investments (or savings) that might have had previously been done.. .. yet also it could be that the amount put in is still less than the value of the stash, so there could be some variations in regards to how to consider and look at the stash depending on how much had been put in and the extent to which the stash may or may not be in profits... although some folks might get distracted by merely being in profits, so some learning might need to happen in regards to how large of a stash might be considered to be a large enough size in order to start to consider some possibilities of changing strategies that go beyond just continued, ongoing persistent and consistent buying of BTC (perhaps weekly).
IMO, if an investor choses a buying strategy for his stash and cannot or couldn't eventually meet up with the buying due to his financial status then a little gap could be added in the time-interval he uses for buying for example If it was initially a week it could be set to two weeks , if two weeks a month could be chosen. I will suggest a max- of one month interval While this is done learning could also be taken along with it We saw a large correction and yes now is a great time to Buy more Bitcoin. For newbies and poor people this is a perfect time to work for BTC income. When we get back above the all-time highs you will have a great bonus in your new wealth.
The large corrections was just from the fact that there was FOMO towards the halving event and since their expectations wasn't met they went selling which brought us a correction in the market and the correction besides majority of them are just short term-investors
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██ ██ ██████ | R |
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Bravut
Member
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Activity: 224
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May 11, 2024, 10:47:02 PM |
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We saw a large correction and yes now is a great time to Buy more Bitcoin. For newbies and poor people this is a perfect time to work for BTC income. When we get back above the all-time highs you will have a great bonus in your new wealth.
Yh there is a correction,which provides opportunity for all not newbie or poor people. You just have to be cautious as you sound more or less gambling and hoping for price movement. If you read the thread you will understand how to go about investing in Bitcoin not some random believe that will aid you on your journey to invest and view long term which is the best approach.
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JayJuanGee
Legendary
Offline
Activity: 3892
Merit: 11100
Self-Custody is a right. Say no to"Non-custodial"
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May 11, 2024, 10:53:23 PM |
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I guess I am trying to say get started and learn along the way, and maybe after accumulating BTC for a year or two, there might be some justification to start to adjust the strategy based on how much BTC you have been able to accumulate and based on your other financial matters, and so in some sense, it can be difficult to come straight into an investment (something like BTC) and not take a bit of time to establish a position, and since Wind_FURY was referring to poor people, so for poor people in particular there might not even need to be too many adjustments along the way, just keep buying as aggressively as you are able to without overdoing it... but the thing, even for poor people, there might be some recognition that after a year or two of accumulating BTC, the BTC stash might be starting to get relatively large as compared to other investments (or savings) that might have had previously been done.. .. yet also it could be that the amount put in is still less than the value of the stash, so there could be some variations in regards to how to consider and look at the stash depending on how much had been put in and the extent to which the stash may or may not be in profits... although some folks might get distracted by merely being in profits, so some learning might need to happen in regards to how large of a stash might be considered to be a large enough size in order to start to consider some possibilities of changing strategies that go beyond just continued, ongoing persistent and consistent buying of BTC (perhaps weekly).
IMO, if an investor choses a buying strategy for his stash and cannot or couldn't eventually meet up with the buying due to his financial status then a little gap could be added in the time-interval he uses for buying for example If it was initially a week it could be set to two weeks , if two weeks a month could be chosen. I will suggest a max- of one month interval While this is done learning could also be taken along with it That is not even the same topic, since one question is getting started right away in terms of investing into bitcoin, and then another part would be whether adjustments might be chosen to be taken in regards to buying bitcoin somewhere down the line based on the size of the BTC stash that had been accumulated over the passage of time. Now, you seem to be changing to some other topic that relates to adjustments to the purchasing times of bitcoin being made based on cashflows and budgeting kinds of considerations like that, which seems to be a different topic from what I had been attempting to describe in terms of getting in, getting started and then reassessing down the road. Maybe along that same line of the initial considerations, there can be a status of poorness in which someone might be having difficulties figuring out how much discretionary income that he has in order to invest into bitcoin in the first place, so he might want to make sure that he gets through the whole month before buying bitcoin with whatever is extra at the end of the period (so then his new paycheck comes in and he buys bitcoin with whatever was left from the earlier check), but at the same time, if the guy is getting into bitcoin, then it might be more likely that he would also need to figure out his cashflows and his expenses, so even if he might have more difficulties in regards to figuring out his discretionary income levels in the first month or two, he might be able to put systems into place in which he is able to buy every week, even if he gets paid monthly, but he might have to makes sure that he builds up enough of a reserve (and emergency fund) while he is potentially becoming more regular with his BTC buys the might end up being every week.. but yeah, if he is not sure about his cashflows, the solution might be to spread out his buys over longer periods.. yet I tend to be a pretty BIG fan of attempting to get yourself into a situation where you are able to buy bitcoin every week, but yeah, you cannot employ those kinds of practices if you are not even sure if whatever money you have is going to get you through the month (or until your next paycheck)..
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1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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