Buy Bitcoin, and HODL!

[promise444c5]

To be patient in investing, we must first understand the investment well and it is absolutely impossible for someone to persist in investing without properly understanding the investment they are making, that is what is experienced by those who panic when they see the price. Bitcoin is decreasing because they don't understand how it works. Bitcoin is good and for some people who understand it well, there are also those who take advantage of this opportunity to be able to collect more than usual so they can profit from the investments they make.

I think the first thing that needs to be questioned  is what I'm  I investing on and how will I get a good ROI from it and this should  be done before anything...

I didn't get what you are trying to pass very well but I do get an idea that it's  about investing without proper knowledge about an investment...and  you used the case of a dip as an instance that might make an investor to withdrawing his/her investment if I'm right...

Anyone who invest on something  must have heard and done research about it... you can't blindly invest In what you don't  know
Although, Using the case of Bitcoin as an example  learning  and understanding  bitcoin  is on a large scale  which will take years to understand not even completely but getting to know and research on what's it's all about shouldn't take more than a day... so there's no excuse of "Blind investment "

Majorities of investors who withdraw after a dip are short term investors  it's  not that they don't know how Bitcoin works but they are just after the short term profit which they feared they might not get after a dip.
Bitcoin doesn't work that way .. there's only one way to panic which is short term investment  , however  a long term investor need not any worries about a dip as its always considered as an opportunity  to buying more.... Learning never stops actually you might want to always remember  that

[Bravut]

Investing a decent amount is also another way to say invest with an amount you can afford to lose. Even if one is responsible or irresponsible, he/she should know that it's very important to invest with an amount that they can always afford to risk. Everyone has an amount that they can afford to lose, but most people don't know.

I don't know if I'm getting you right but why do i feel that  your perception on Bitcoin investment is for trading because when you advised him to use the only money he can afford to lose, perhaps indirectly you are saying that there is a higher chance for him to lose his money Bitcoin or in other words referring to gambling investment, however in as much as nothing is guaranteed when it comes to investment but with Bitcoin success is certain if you are ready to hold, so actually the risk you are talking about should be actually dependent on the kind of investment you are talking about because if your pattern is for a long term holding I wouldn't use the word risk because it seems that you don't really understand or know the potential of Bitcoin you are investing on.

Anything that pertains to investing requires money which you can afford to lose (as commonly used), it is never a story of it being trading or gambling. You cannot be too excited or let optimistism kill you not to understand the fact that, there is possibilities of loss while investing be it in Bitcoin market or any. We all understand the value of Bitcoin but that does not mean we should adhere to aome guidelines and thus invest everything wether it gonna yield or not. Every Investment we have ever made has risk, I don't get were you are having such assumption from;
This is a simple stuff that you should understand before now, no need to overstressed it.

Let us be optimistic, same time never undermine any possibility in a financial market.

[promise444c5]

Anything that pertains to investing requires money which you can afford to lose (as commonly used), it is never a story of it being trading or gambling. You cannot be too excited or let optimistism kill you not to understand the fact that, there is possibilities of loss while investing be it in Bitcoin market or any. We all understand the value of Bitcoin but that does not mean we should adhere to aome guidelines and thus invest everything wether it gonna yield or not. Every Investment we have ever made has risk, I don't get were you are having such assumption from;
This is a simple stuff that you should understand before now, no need to overstressed it.

Let us be optimistic, same time never undermine any possibility in a financial market.

Well,it's  not a bad advice to invest what you can afford  to lose but  every investor must ask themselves if they are here to gamble the ups and down or they are her to make a proper investment.
Bitcoin  is not just any kind of coin that could dump and crash overnight so forget about you losing your investment  there's always something to hold on...
Stop the illusion

[Promocodeudo]

See this matter of investing in bitcoin is also something we should take seriously as much as we need to plan for our daily needs, we also have to understand that needs don't finish and they keeps coming up on daily basis, but as much as we have to take care of other things we have to understand that we have to take our investment in bitcoin very serious too. If someone is making a monthly income of $200 and he is investing only $10 I think it's very poor. If you are making monthly income of $200 you should at least invest 10% of the money which is $20 and I don't think it's too much. If $190 can carry you for a month, I think $180 will equally be enough to carry you for the moment. In as much as we are investing, we should also target to have a reasonable amount of fraction of bitcoin and to accumulate it, we have to make some certain level of sacrifice.

We need to realize that we don't need to be aggressive from the beginning if we can't bear it until the end because after all, with the current economic conditions that are increasingly difficult for the majority of us whose economic strata are below average, it will indeed be very difficult if we are too forceful.
You have an income of $200 for a month and spend at least $10 meaning in this case 5% if you can afford it like that why not because if you force it to 10% by putting in $20 during but we actually have to mess around with daily needs that we cannot bear it is a careless step in the end.

So in this case it is better for you to invest with all forms of your readiness and if indeed we can afford $10 but for the long term then why not because it is much better than nothing and of course this is much better than we force $20 but the investment we make does not last long because you cannot afford to spend the 10 percent to invest in the time period you have determined.

Very true. When we can easily identify our strength and weakness before even starting any investment at all, there should be a strong tendency of a long and successful investment. $10 looks fine since we know that we are only focused on a single investment plan, and not focused on any form of diversification. To me, Investment shouldn't be a forceful act, but rather something that comes from my own will. When I agree to make a $10 investment for long term, it should be willingly and not forcefully. But from every general perspective, I think it will be ideal to start with  what your strength can carry and ensure you maintain a consistent level.

I concur to this, going for the investment plan that you can able to withstand continuously is the best approach to Bitcoin investment, your investment shouldn't be in such way that you won't be able to maintain your content funding, lets not forget that to continue a long term journey an investor is suppose to work with what he or she can afford to invest overtime, this why strategy has been rolled out to fit every investor in such way that we can can't give any excuse not to continue investing, many people that withdraw along the line did it because they couldn't figure out strategy that fits their income, in every investment it doesn't the amount for funding may not matter but what matters is what you can afford and consistent funding of your investment so that your long-term expectations will be achieved.

[Razmirraz]

Snip.

Well,it's  not a bad advice to invest what you can afford  to lose but  every investor must ask themselves if they are here to gamble the ups and down or they are her to make a proper investment.
Bitcoin  is not just any kind of coin that could dump and crash overnight so forget about you losing your investment  there's always something to hold on...
Stop the illusion

Desire supported by knowledge will make it easier for investors to achieve the expected goals. Investing money that can afford losses will enable investors to maintain their assets in the long term and prevent all worries that arise due to not being able to control emotions because they are too panicked about market conditions which are increasingly showing a decline. Feelings of joy and sorrow in investing are caused by the investors themselves, Bitcoin is the most appropriate asset for carrying out long-term investment plans. Even though the speculative level is very high, many investors have succeeded in proving their success in investing in Bitcoin.

[Dailyscript]

Investing a decent amount is also another way to say invest with an amount you can afford to lose. Even if one is responsible or irresponsible, he/she should know that it's very important to invest with an amount that they can always afford to risk. Everyone has an amount that they can afford to lose, but most people don't know.

I don't know if I'm getting you right but why do i feel that  your perception on Bitcoin investment is for trading because when you advised him to use the only money he can afford to lose, perhaps indirectly you are saying that there is a higher chance for him to lose his money Bitcoin or in other words referring to gambling investment, however in as much as nothing is guaranteed when it comes to investment but with Bitcoin success is certain if you are ready to hold, so actually the risk you are talking about should be actually dependent on the kind of investment you are talking about because if your pattern is for a long term holding I wouldn't use the word risk because it seems that you don't really understand or know the potential of Bitcoin you are investing on.

If that's what he means then he is wrong. It is good we use the money we can afford to lose in gambling. And the reason for this statement its not because we are not taking a proper risk, it is because we can go ahead and use money to save normal live problems, emergencies and other expenses for investing. Its not only in Bitcoin investment that this statement is applicable. Anything that involves risk we should e careful the amount of money and purpose of money we put into.

Imagine investing everything we have whether bitcoin or not. We know we dont pray for health issues or something that could damage us a lot. Yet, if we fail to keep money for those things when they come we would end up not able to solve that problem which may lead to death or something worst.

[Tmoonz]

Back to the basic concept, we come here not to lose, lose funds, the cause is from ourselves because we want to double the investment quickly and hope that in 2 or three days the investment value we trade can produce and increase from the initial capital. The reality is that most of them are big zeros, especially if market conditions are uncertain and their movements change. I guess buy and hold it for a long period of time, That's probably the real thing whether to use DCA or want it all at once.

The basic concept will go according to plan and must use a long-term strategy by implementing the DCA technique. It is very difficult to expect that within 2 or 3 days the investment value will start to increase in value because the movement is still unstable or for other reasons due to increasingly uncertain market sentiment. Bitcoin, whose direction of movement is very difficult to predict, requires investors to be more patient in highly speculative Bitcoin investments. Using the DCA strategy can enable you to collect Bitcoin consistently and accumulate assets depending on the amount of money you are ready to invest. Buying at a low price and selling at a high price is one of the concepts and goals in investment. You can buy and hold it for the long term to get the profit you expected when you started investing.

Bitcoin long investment doesn't requires buying at low price in order to sell at high price, one can buy even at the peak price so far the intention is to buy and hold for longer period of time, prioritizing buying at low price to sell at high price can be more of trading strategy but when it comes to Bitcoin long term investment one can buy at anytime the money is readily available for investment irrespective of the price point , what is most important is achieving a good size of Bitcoin up to a reasonable amount which will put you in good profits.

If you are long term investor , you can always buy bitcoin without waiting for it to dip more especially if you are using DCA method to accumulate bitcoin ,your target should be to get a reasonable amount of it in your portfolio. But it is wrong to  think that all investment in bitcoin  is because the investor want to make good profit at the end .people can invest in bitcoin in a way to retain value. Just imagine you have $3000 at your disposal and you want to retain this money for a longer time. You can invest it  in am asset that won't lose value. So it is wrong to think that all investment is aim at making good profit

 You are only misinterpreting what I said   I wasn't generalizing Bitcoin investment in terms making a good profits alone perhaps Bitcoin investment has lots of potentials of which offering protection against inflation is also one of it which I quit agree with you, my emphasis was about how the size of you Bitcoin portfolio is what will determine how much of your profits at when you might want to sell after reaching your investment goals and objectives, which of course no one is going to hold for eve but might decide to sell parts of his investment in order to put the body and soul together.

[B2Z]

Very true. When we can easily identify our strength and weakness before even starting any investment at all, there should be a strong tendency of a long and successful investment. $10 looks fine since we know that we are only focused on a single investment plan, and not focused on any form of diversification. To me, Investment shouldn't be a forceful act, but rather something that comes from my own will. When I agree to make a $10 investment for long term, it should be willingly and not forcefully. But from every general perspective, I think it will be ideal to start with  what your strength can carry and ensure you maintain a consistent level.

We all should invest with a long term plan when we invest because if we invest with a long term plan then we can achieve proper success through that investment. But before investing we must identify the weakness in the investment because I have to identify whether I can make the investment long term or what are the weaknesses in my investment. Generally, patience is very important in investing. If we can invest patiently, it will be very possible to achieve the success that we invest for. But many times it is seen that many investors invest in the hope of long-term investment but due to various reasons they may not be able to make long-term investment due to which they suffer a lot, so we must be careful that we should employ enough long-term planning in our investment. Every person invests with long term plan with enough hope that he will earn enough money from that investment before he must acquire enough knowledge about investment and he should always invest for long term plan. No amount of investment should be underestimated. If we can invest $10 per month then the investment amount at the end of the year will be $120. And at the end of five years the amount of investment will stand at $600 dollars. This $600 is just the capital to invest. Holding bitcoins for five years will certainly yield a good amount of profit. So long term investment is always acceptable and reliable.

[bitcoin_mining]

I discussed the final investment decision directly with my family. People in my family don't know about Bitcoin but when I told them about Bitcoin and explained it to them for a while they got some idea about Bitcoin. I explained them about Bitcoin in such a way that they supported my investment. It's not like I misled my family into investing, I gave my family a real picture of Bitcoin investing which they really liked.  
My family members have assured me that I am planning my future where other children take money from their parents and buy drugs and other bad things with that money. They were happy with my plan and said that they would help me financially or otherwise in terms of investment.  

I will start investing with the money I have saved and I am thinking of tutoring some boys and girls. I will definitely get some amount of money at the end of the month for tutoring which I will spend all on my investments. Also my guardian will help as much as possible every month.  

With my best efforts and good support from my family, maybe my investment will be great. Since my family is with me and I will work hard for my investment then surely I will be able to see my investment till the time. I will be successful in investing one day and will share my success story in this section so that after hearing my success story some other investors can plan their future and invest in Bitcoin.

[red4slash]

snip-

I don't disagree with anything that you are saying surely guys might have some difficult times figuring out what there investment timeline is exactly, even if they might consider that they have a relatively long investment timeline of 4-10 years or longer.. or even 10 yers or longer rather than your example of 5 years.. but even at 5 years, there could be a concern about reassessment, even though no one should consider that he is so locked into his investment that he is not able to reassess and tweak from time to time, which also might be considering changing the amounts he is putting in and the timeline and other ways that he is managing his budget, and also if he might have some lifestyle  considerations that he is accounting for that causes him to want to consider that he might start to cash out of his bitcoin in 5 years or so rather than allowing the investment to ride for longer.

IMHO is that we also need to think about the age at the end of the day because maybe it's okay to do it for the long term like a 10-year span or even more like you said but on the other hand we also have to think about the age that we have because after all the hope is that when we are in investment we want the best in terms of results to support our old age life .

For those who are still at a young age to a certain age which is certainly still productive,  it is certainly not a problem to invest longer as you estimate but for those who come in a condition where for the next few years they will enter retirement time,  a shorter period of about 5 years is not a bad thing because after all, in this case we invest , of course, we want to make our old age/retirement comfortable in terms of finance and do not need to think about anything other than enjoying the rest of the life lived .

As for in the end this is used or not it does not matter, the most important thing is that this must be calculated from the start so that we do not have to look for additional money later.

This is why an investor must have a discretionary income in which he can  calculate from on how much he would be using to invest in bitcoin regularly either weekly or monthly, and also channel the rest to build up his emergency funds so that he can be investing and building his emergency funds in order to him to have full confidence on his bitcoin journey and hodli for long. Emergency funds are used for very critical case scenario like lost of job or the roof of your house got pulled off by storm. These must be fixed immediately to avoid for damage.

As I said in the article that you did not quote because after all this is an important situation if we really want well-maintained finances then we must try our best to manage it and indeed a reserve fund like this should not be missed for every month because when something is not wanted then indeed we can overcome without having to take money for other things in the monthly income that we have.

As for if the reserve fund is not used in the end it is up to whether it is used as an additional investment in bitcoin or something else is up to us later, the most important thing is that the reserve fund must be maintained so that when the expenses we have arranged but get an unexpected situation and have to spend additional money, we are ready with it.

[rachael9385]

Investing a decent amount is also another way to say invest with an amount you can afford to lose. Even if one is responsible or irresponsible, he/she should know that it's very important to invest with an amount that they can always afford to risk. Everyone has an amount that they can afford to lose, but most people don't know.

I don't know if I'm getting you right but why do i feel that  your perception on Bitcoin investment is for trading because when you advised him to use the only money he can afford to lose, perhaps indirectly you are saying that there is a higher chance for him to lose his money Bitcoin or in other words referring to gambling investment, however in as much as nothing is guaranteed when it comes to investment but with Bitcoin success is certain if you are ready to hold, so actually the risk you are talking about should be actually dependent on the kind of investment you are talking about because if your pattern is for a long term holding I wouldn't use the word risk because it seems that you don't really understand or know the potential of Bitcoin you are investing on.

Using the amount you can afford to lose doesn't necessarily mean that you don't have to apply it to Bitcoin investment. You also have to know that after settling your monthly expenses and putting some funds in your emergency fund box, the remaining is what you can afford to lose because you have settled the necessary things first. Every investment is risky and Bitcoin is not excluded, but Bitcoin is less risky and if you can read my previous comments again, you can see where I said, knowing the difference between Bitcoin investment and trading, he could know one with less risk. Moreover, life is full of risk, and you should know that investments are not excluded whether Bitcoin or not. However, Bitcoin is a safe heaven investment if we apply a kind of strategy called the DCA method and I believe you know about that strategy too. The trading pattern is like buying when low and selling when profits are made, and it's risky that way too, and it doesn't give the trader enough time to buy more, because there are times when Bitcoin price is high and the trader will have to wait until Bitcoin reduced to some certain amount before he/she could buy again, but applying DCA method gives you the ability to buy at all time when you have the money, even when Bitcoin is high in price you could buy and not only wait until it reduces before you buy.

Buying at a low price and selling at a high price is one of the concepts and goals in investment. You can buy and hold it for the long term to get the profit you expected when you started investing.

If you have these thoughts on your mind, then you are not ready for the long-term Bitcoin investment. In my opinion, if you are interested in investing in Bitcoin, you don't have to think of the amount you want to make, only pursue the goal and don't settle for the goal. Bitcoin investing is an asset and selling your assets because you have gotten what you want is not a good idea, because the figures you sold today will change to bigger figures in the future. Let's use a house, for example (if you are not dealing in real estate). Building a house is a thing of gradual process, and you might rush the building because it's a physical asset. Then, after building is complete, you sell the house for no reason or for reasons. What's the essence of that? Since Bitcoin investment is not a physical asset, there's no need to sell everything you have gotten (both capital and profits). However, it's only a trader and someone that doesn't know what bitcoin is can only sell his/her assets after making profits. As Bitcoin doesn't end, profits don't stop coming when you are investing for the long term. So my option is that continuous investment is the only goal.

[Promocodeudo]

To be patient in investing, we must first understand the investment well and it is absolutely impossible for someone to persist in investing without properly understanding the investment they are making, that is what is experienced by those who panic when they see the price. Bitcoin is decreasing because they don't understand how it works. Bitcoin is good and for some people who understand it well, there are also those who take advantage of this opportunity to be able to collect more than usual so they can profit from the investments they make.

I think the first thing that needs to be questioned  is what I'm  I investing on and how will I get a good ROI from it and this should  be done before anything...

I didn't get what you are trying to pass very well but I do get an idea that it's  about investing without proper knowledge about an investment...and  you used the case of a dip as an instance that might make an investor to withdrawing his/her investment if I'm right...

Anyone who invest on something  must have heard and done research about it... you can't blindly invest In what you don't  know
Although, Using the case of Bitcoin as an example  learning  and understanding  bitcoin  is on a large scale  which will take years to understand not even completely but getting to know and research on what's it's all about shouldn't take more than a day... so there's no excuse of "Blind investment "

Majorities of investors who withdraw after a dip are short term investors  it's  not that they don't know how Bitcoin works but they are just after the short term profit which they feared they might not get after a dip.
Bitcoin doesn't work that way .. there's only one way to panic which is short term investment  , however  a long term investor need not any worries about a dip as its always considered as an opportunity  to buying more.... Learning never stops actually you might want to always remember  that

ROI should be consider first as new investor but should not be the ultimate measure for any investor to invest in what they like, little knowledge is what every Bitcoin investor need, remember there are level of research that can lead to diacouragemnt thats why as an investor what is required of you,  is just the basic knowledge which is the major starting point of an investment.
Bitcoin is a continuous process, no one stop at a point of learning in Bitcoin but what I strongly believe is that many investor has there goals to achieve, it may be long or short term goals and it is left for individual investor to take such decision, despite that Bitcoin dip period is considererd to be the best time to accumulate more Bitcoin,  people are allowed to do whatever they choose to do with their holdings, IMO I will advice that it would have been better for investors to understand the concept of Bitcoin before investing because with this they can be able to decide  whether to go for short or long-term investment.

[adultcrypto]

Bitcoin long investment doesn't requires buying at low price in order to sell at high price, one can buy even at the peak price so far the intention is to buy and hold for longer period of time, prioritizing buying at low price to sell at high price can be more of trading strategy but when it comes to Bitcoin long term investment one can buy at anytime the money is readily available for investment irrespective of the price point , what is most important is achieving a good size of Bitcoin up to a reasonable amount which will put you in good profits.

If you are long term investor , you can always buy bitcoin without waiting for it to dip more especially if you are using DCA method to accumulate bitcoin ,your target should be to get a reasonable amount of it in your portfolio. But it is wrong to  think that all investment in bitcoin  is because the investor want to make good profit at the end .people can invest in bitcoin in a way to retain value. Just imagine you have $3000 at your disposal and you want to retain this money for a longer time. You can invest it  in am asset that won't lose value. So it is wrong to think that all investment is aim at making good profit

You are suggesting that some people invest in bitcoin as a hedge against inflation and not necessarily because of the profits. Even if this may be true, the number of people who put their money in bitcoin as a hedge will be very insignificant. It is possible perhaps some people might take advantage of the fact that inflation in fiat is high whereas bitcoin might present some form of remedy, the primary motivation for every investor in bitcoin is to have their investment grow beyond the amount of money they invested. This is why there is generally some form of excitement among bitcoin investors when price is rising.

I have three purposes for investing in bitcoin and they are: to profit from the investment in the future, as a hedge against inflation because fiat is doom to die with time as we have seen in my country over the past few years, and finally to save my money for the future probably my retirement because I cannot think of any better place to keep my money in. If I had a way of pulling my compulsory pension funds to bitcoin, I would have done that but it is not possible because it is government policy that such funds can only be touched after retirement from active service.

My only consolation is that I am investing part of my salary in bitcoin using monthly DCA method. That way I can still realize something significant before my retirement which is still very long from now.

[MRY]

Unfortunately, at this time we no longer have the opportunity to buy Bitcoin at a cheap price, currently the price of Bitcoin has risen too high. But we can still buy Bitcoin, it doesn't have to be one Bitcoin. At a minimum we can buy Bitcoin with an amount of $100.

[Mayor of ogba]

Back to the basic concept, we come here not to lose, lose funds, the cause is from ourselves because we want to double the investment quickly and hope that in 2 or three days the investment value we trade can produce and increase from the initial capital. The reality is that most of them are big zeros, especially if market conditions are uncertain and their movements change. I guess buy and hold it for a long period of time, That's probably the real thing whether to use DCA or want it all at once.

The basic concept will go according to plan and must use a long-term strategy by implementing the DCA technique. It is very difficult to expect that within 2 or 3 days the investment value will start to increase in value because the movement is still unstable or for other reasons due to increasingly uncertain market sentiment. Bitcoin, whose direction of movement is very difficult to predict, requires investors to be more patient in highly speculative Bitcoin investments. Using the DCA strategy can enable you to collect Bitcoin consistently and accumulate assets depending on the amount of money you are ready to invest. Buying at a low price and selling at a high price is one of the concepts and goals in investment. You can buy and hold it for the long term to get the profit you expected when you started investing.

Bitcoin long investment doesn't requires buying at low price in order to sell at high price, one can buy even at the peak price so far the intention is to buy and hold for longer period of time, prioritizing buying at low price to sell at high price can be more of trading strategy but when it comes to Bitcoin long term investment one can buy at anytime the money is readily available for investment irrespective of the price point , what is most important is achieving a good size of Bitcoin up to a reasonable amount which will put you in good profits.

If you are long term investor , you can always buy bitcoin without waiting for it to dip more especially if you are using DCA method to accumulate bitcoin ,your target should be to get a reasonable amount of it in your portfolio. But it is wrong to  think that all investment in bitcoin  is because the investor want to make good profit at the end .people can invest in bitcoin in a way to retain value. Just imagine you have $3000 at your disposal and you want to retain this money for a longer time. You can invest it  in am asset that won't lose value. So it is wrong to think that all investment is aim at making good profit

You are correct at Proty; not everyone is holding bitcoin for profit; some people are holding bitcoin because of its self-custodial nature, which makes it powerful. Bitcoin was developed so that people would have 100% control over their money, and no government would tell you how to use your money or decide when you make transactions; they would not spy on you to know how much you are worth, and they would not scrutinize your transactions. With bitcoin, no government financial policy will affect you if you are holding your money in bitcoin.

[Samlucky O]

Unfortunately, at this time we no longer have the opportunity to buy Bitcoin at a cheap price, currently the price of Bitcoin has risen too high. But we can still buy Bitcoin, it doesn't have to be one Bitcoin. At a minimum we can buy Bitcoin with an amount of $100.

Yea bitcoin price may be too high, but doesn't mean we can not buy some fraction. It is not a must to buy a whole bitcoin as bitcoin could be bought in SATs. I believe you are not a regular poster of this thread otherwise you will know what is called the DCA, lump sum and dip and HODL approach or strategy. Investing as low as $100 in bitcoin should be done in a right approach or when you have know the strategy to invest without overdoing it.

1. Depends on your level of income generation like the amount of salary you receive. If your salary is within the range of $100, you may not be able to Invest that $100 at ago. You must surely figure out a way to divide it in 3 or 4 different part. investing like %20 in bitcoin, setting aside %15 for emergency.  %25  for discretion and %40 for feeding and other purposes. Note this my analysis may differ from your own not necessarily for everyone but just like example because your Level of responsibility may be higher to the extent of using %60 of you salary for feeding to be able to invest in bitcoin freely without touching your btc Investment.
2. You must be consistent and having a long time goal making sure you buy bitcoin every week through DCA for a longer time Horizon which you have programmed. Maybe 4--10years and 20-30years.
3. Always make sure you have a steady income in your reserved to be able to keep accumulating every week in Oder not to sell your HODLings because our fear is not to sell off our bitcoin HODLing while we haven't met our Target.
4. investing in Bitcoin shouldn't be done in a situation that will affect you otherwise know as aggressive investment. A situation where you invest an amount that will affect your investment approach. For example having $100 and investing $80 and managing $20 is surely an agresive investment. Expecially when you don have another source of income from anywhere.

[Sim_card]

Unfortunately, at this time we no longer have the opportunity to buy Bitcoin at a cheap price, currently the price of Bitcoin has risen too high. But we can still buy Bitcoin, it doesn't have to be one Bitcoin. At a minimum we can buy Bitcoin with an amount of $100.

I don't see the current price of bitcoin expensive because we are in 2024, and with a high level of inflation compared to early April 2013 when bitcoin price was $100. Even at that time when bitcoin price was $100 a lot of people who had the opportunity to invest in bitcoin ignored it because they believe that bitcoin does not worth their $100 or it is too expensive for $100. The amount of a lambo at 2013 compared to this year is not the same.

In the next ten years from now people will be saying that those investors who invest in bitcoin at $70k are lucky to buy bitcoin cheap, in which they also have the opportunity now but they are still saying that bitcoin price is high. You must not buy a whole bitcoin, but you can invest based on the amount of your discretionary income and do that consistently buying with DCA method regularly weekly or monthly, so that you don't see it as a stress on your income. If you can do it consistently and persistently for 4-10 years, I believe that you will have more than 1btc, perhaps it depends on how much that you are using to buy every week that will determine the size of your portfolio.

Your emergency funds is also very important and make sure that you build it up to 3-6 months because that is what will make you continue accumulating without selling since you already have plans for an emergency that arises. Building a reserve funds is important too so that you can have different means of in which you can handle funds related problems or so that your bitcoin portfolio will be increasing as you keep on accumulating. When bitcoin price was around $25+ last year, it was still high to some people. So what I have come to conclude is that no matter what the price of bitcoin is at that moment, some people will still say it is high

[JayJuanGee]

Diversifying one's investments is indeed an amazing strategy but just as you've rightly stated, filling one's bag with shitcoins isn't the best way to diversify, whoever tells you it is, is simply lying to you or is naive.
There are real life assets that also have long-term potentials just like bitcoin and you can consider those other options to diversify. Gold is an amazing option, it's been in the market, even long before bitcoin came into existence, and you can also consider it for its long-term potentials too just like bitcoin.
In China today, Silver is also a hot cake and quite a viable option for investment diversification.

There are so many of them to be considered.

Fuck gold and silver and the idea diversifying.

Figure out your bitcoin plan first, and then maybe if you have accumulated a decent amount of bitcoin, then maybe at some point it might become justifiable to diversify, but talking about diversification into gold and/or silver makes it sound like you are pumping inferior products and trying to compare them to bitcoin when bitcoin is likely in the ballpark of 1000x better then each of them...so no need to discuss any particulars of them or to pump them, especially here in this thread when we are talking about bitcoin.

Investing a decent amount is also another way to say invest with an amount you can afford to lose. Even if one is responsible or irresponsible, he/she should know that it's very important to invest with an amount that they can always afford to risk. Everyone has an amount that they can afford to lose, but most people don't know.

I don't know if I'm getting you right but why do i feel that  your perception on Bitcoin investment is for trading because when you advised him to use the only money he can afford to lose, perhaps indirectly you are saying that there is a higher chance for him to lose his money Bitcoin or in other words referring to gambling investment, however in as much as nothing is guaranteed when it comes to investment but with Bitcoin success is certain if you are ready to hold, so actually the risk you are talking about should be actually dependent on the kind of investment you are talking about because if your pattern is for a long term holding I wouldn't use the word risk because it seems that you don't really understand or know the potential of Bitcoin you are investing on.

Any money you invest into bitcoin should come from disposable income.. so by definition it is extra money and/or money that you can afford to lose.

Your bitcoin investment could go to zero, so any money you invest could be lost 100%, and you should be prepared for that possibility with any money you invest into bitcoin.

Of course, every investor should make a decision to invest in Bitcoin based on holistic considerations. Overall consideration here is the possibility of high profit or investment loss. Consideration of disposable income as capital and the expectation of potential profit associated with it certainly helps to consolidate the consistency of each buying. Future determination of hard-earned income and the decision to hoard Bitcoin is definitely going to be positive as the system has often cheated one following the historical footsteps of the local currency investment journey.
An investment decision with potential returns like Bitcoin and its past price history is certainly a beacon of hope for small investors like us. Although you always say it can be high and it can also go to zero. Your whereabouts must be reasonable because none of us are sure where its value will go. But I think behind the negative attitude we must keep the positive influence which can encourage us to accumulate more Bitcoins. Long-term trends in holding and holding during bullish and overbought each dips.

Your whole post is a bit weird and unclear laijsica, yet it may be worth clarifying that one of the reasons that any of us might consider the possibility that bitcoin could go to zero or to have some kind of a negative rather than a positive performance outcome is so that we temper our investment amount in order to account for those kinds of considerations.

Sure the most aggressive of bitcoin investors might shoot to come closed to investing 100% of their disposable income into bitcoin, and surely there is value in being aggressive, yet at the same time, if they are investing close to 100% of their disposable income into bitcoin for long periods of time, they are likely going to be putting unnecessary and undue stress upon their finances and their psychology, especially since bitcoin is an asymmetric bet to the upside in which investors can lose up to 100% of what they put in, but there are also various great upside scenarios, so even relatively whimpy investors might well end up finding themselves to have had profited quite fantastically from their having had decided to p;ut some level of their disposable income into bitcoin (even if it was a relatively whimpy amount in the 1% to 5% territories.

None of us can decide the balance level for the investment levels of anyone else, so there can be ways to take a reasonably balanced or a somewhat aggressively leaning investment approach to bitcoin, and still maintaining a fair amount of balance and/or enjoyment in life because there is some value to spending some money while you are young rather than completely deferring gratification and neglecting your own psychological and/or social well-being that might sometimes be better off by spending some money while you live rather than completely deferring gratification based on choosing to invest on the high side of aggressiveness into bitcoin.

Unfortunately, at this time we no longer have the opportunity to buy Bitcoin at a cheap price, currently the price of Bitcoin has risen too high. But we can still buy Bitcoin, it doesn't have to be one Bitcoin. At a minimum we can buy Bitcoin with an amount of $100.

Yeah of course you can buy any amount of bitcoin that you are able to buy, and so you are correct that some of the current BTC prices are higher than earlier BTC prices, but so what?  Today's prices are still likely going to seem cheap compared to some future prices, so your statement of no longer being able buy BTC at "cheap prices" comes off as somewhat retarded, since it is relative to when and also if someone is brand new to bitcoin, they don't have any choice.  They cannot go back to some earlier date or even go back to last October 2023 and buy BTC below $30k....

Like you suggest, it is quite likely that BTC prices will never go below $30k and we might ONLY be coming to realize that now, but if we did not buy bitcoin back then, we have to decide from today in regards to what we are going to do, and even presuming that BTC prices are going to ever drop below $65k again might be too much of a presumption, especially for a low coiner or even more so for a no coiner.  The only way a no coiner prepares himself for up is by buying bitcoin, and he may as well buy some now rather than waiting for some lower price that might not happen, so as far as the newbie no coiner is concerned, these may well be "cheap" prices, especially since he has no real way to know (except by guessing) that the BTC price might go down from here, but then again, it might not.

So the point about BTC prices are no longer cheap is misleading.. but maybe even irrelevant and even worse could actually be wrong.. since BTC prices may well be as cheap as they are going to get for someone newly coming to BTC right now.

[edited out]

You are correct at Proty; not everyone is holding bitcoin for profit; some people are holding bitcoin because of its self-custodial nature, which makes it powerful. Bitcoin was developed so that people would have 100% control over their money, and no government would tell you how to use your money or decide when you make transactions; they would not spy on you to know how much you are worth, and they would not scrutinize your transactions. With bitcoin, no government financial policy will affect you if you are holding your money in bitcoin.

You seem to be overly stating the case Mayor of ogba.. You might not be incorrect, but many folks still need to take some safeguards to preserve their autonomy and privacy with bitcoin, and many folks acquire their bitcoin through KYC avenues, so they might have wallets that they segregate with KYC coins and other wallets that they keep as non-KYC coins, but even those kinds of measures are not easy for anyone to actually consistently employ.. so there are tools still being developed, but such tools still may well need to be learned and widespread, and even some of the ways of interacting directly with other bitcoiners can be stifled in a variety of ways.... with different situations in some countries as compared with other countries.  El Salvador is different from China as from the USA as from England as from Russia as from South Africa (or maybe Nigeria would be a better example) as compared with UAE as compared to Japan as compared with the Phillipines as compared to India as compared with Brazil as compared with Argentina as compared with Mexico or Canada, and I am not even going to claim to know all (or any) of the different options, restrictions or the distinctions available in each of the locations.

[Tungbulu]

Diversifying one's investments is indeed an amazing strategy but just as you've rightly stated, filling one's bag with shitcoins isn't the best way to diversify, whoever tells you it is, is simply lying to you or is naive.
There are real life assets that also have long-term potentials just like bitcoin and you can consider those other options to diversify. Gold is an amazing option, it's been in the market, even long before bitcoin came into existence, and you can also consider it for its long-term potentials too just like bitcoin.
In China today, Silver is also a hot cake and quite a viable option for investment diversification.

There are so many of them to be considered.

Fuck gold and silver and the idea diversifying.

Figure out your bitcoin plan first, and then maybe if you have accumulated a decent amount of bitcoin, then maybe at some point it might become justifiable to diversify, but talking about diversification into gold and/or silver makes it sound like you are pumping inferior products and trying to compare them to bitcoin when bitcoin is likely in the ballpark of 1000x better then each of them...so no need to discuss any particulars of them or to pump them, especially here in this thread when we are talking about bitcoin.

I think you must've misunderstood my point...
I'm not trying to say diversifying from Bitcoin to other assets like gold and silver is an option, let alone being a better option.

No!

No!!

Noooo!!!

All I'm trying to say is that, for those who have indeed accumulated a good number of Bitcoin and are considering diversification, rather than filling their bags with variety of shitcoins which are totally unsafe and highly risky, it would be a lot more preferable and justifiable to even consider investing on real life assets that guarantees the safety of one's finance, and have a good track record or longevity and long-term potentials, but that doesn't mean gold's potential could be compared to Bitcoin, because bitcoin has undoubtedly proven to be the most profitable and safest asset to invest in.

[Samlucky O]

Diversifying one's investments is indeed an amazing strategy but just as you've rightly stated, filling one's bag with shitcoins isn't the best way to diversify, whoever tells you it is, is simply lying to you or is naive.
There are real life assets that also have long-term potentials just like bitcoin and you can consider those other options to diversify. Gold is an amazing option, it's been in the market, even long before bitcoin came into existence, and you can also consider it for its long-term potentials too just like bitcoin.
In China today, Silver is also a hot cake and quite a viable option for investment diversification.

There are so many of them to be considered.

Fuck gold and silver and the idea diversifying.

Figure out your bitcoin plan first, and then maybe if you have accumulated a decent amount of bitcoin, then maybe at some point it might become justifiable to diversify, but talking about diversification into gold and/or silver makes it sound like you are pumping inferior products and trying to compare them to bitcoin when bitcoin is likely in the ballpark of 1000x better then each of them...so no need to discuss any particulars of them or to pump them, especially here in this thread when we are talking about bitcoin.

I think you must've misunderstood my point...
I'm not trying to say diversifying from Bitcoin to other assets like gold and silver is an option, let alone being a better option.

No!

No!!

Noooo!!!

All I'm trying to say is that, for those who have indeed accumulated a good number of Bitcoin and are considering diversification, rather than filling their bags with variety of shitcoins which are totally unsafe and highly risky, it would be a lot more preferable and justifiable to even consider investing on real life assets that guarantees the safety of one's finance, and have a good track record or longevity and long-term potentials, but that doesn't mean gold's potential could be compared to Bitcoin, because bitcoin has undoubtedly proven to be the most profitable and safest asset to invest in.

I feel the reason why JJG reacted so is that you are too early in bitcoin accumulation to start thinking of diversifying into silver or Gold. Not actually that those listed diversification are so bad, but talking about diversification when you have not even accumulated much as expected and you are taking of diversification, it is a kind of situation that surely put you in confusion or even considering diversifying into things which should have be a second option rather bringing them up at an initial stage. What you should have been thinking right now is to accumulate more of bitcoin than talking about diversification. Though it is a reply to someone which you where advising, but sometimes advice we gave surely mean another thing in anticipation. What we advise is what we feel or what we are about to do. so sometimes its better we don't even have that thought, if not it will mislead us.