JJG’s Outline of Bitcoin Investment Ideas

[SuperBitMan]

While selling Bitcoin is not a crime, if someone already has a good amount of Bitcoin savings portfolio and if someone can live comfortably from Bitcoin, then it does not make sense to sell all the Bitcoins. Because what will he do if he sells? If he wants to keep cash in hand, inflation will reduce purchasing power. Again, investing in bonds has almost limited returns. Again, real estate has low liquidity and maintenance costs. If someone already has a viable portfolio, he should maintain his portfolio through sustainable leverage. Because the longer we hold Bitcoin, the more time Bitcoin will have to work for us.

Talking about the bold statement in your write up, I wishes to ask, so you are suggesting that a Bitcoin investor should only sell if he is struggling financially or he should sell when he has something he wants to utilize the money for?

Because to the best of my knowledge, selling off your Bitcoin holdings or tempering with it is never an option if you have not gotten to your over accumulation status yet, and it's even more unwise to sell when you are a low coiner or you are still far behind in your accumulation journey because by doing so, you may never get to your over accumulation status anytime soon, and once you start tempering with your holdings by selling some of it, you may later sell everything later on because once you start doing so due to small financial difficulties, their is no going back.

You are right, some people that are into bitcoin investment one of the reasons why they usually sell their bitcoin at an an early stage is because of having some financial challenges and using the bitcoin profits to go into another business, which is very wrong to do as an investor, we usually advise people to have a backup funds, but they usually don’t see it as a necessity and that is why a lot of investors don’t have a backup funds, and when they run into some challenges, they sell off their bitcoin and use it to solve the challenges and again when they want to invest in something new, they sell off their bitcoin and use it to invest in something new, I want to ask how sure are you that the new business or investment will not crash, some people are really making big mistakes and they are doing it ignorantly because I believe if they know the effect in the future they wouldn’t do it.

[Rockson1]

The most important thing is having your discretionary income that is what matters the most and secondly reserve funds and emergency funds are "almost" the same thing but the difference is that reserve funds can serve also as an emergency funds in a case where there is no emergency funds but emergency funds can not serve as a reserve fund. Lastly, our emergency funds can be used actually to be aggressive when there is Dip and we don't have enough discretionary but it must be replace back immediately after using it.

Reserve funds comes for instance you have been accumulating your Bitcoin with the DCA method then the dip shows up, you can buy with the reserve fund since it can also serve that purpose but what you are not adviced to touch is your emergency fund, they have their purpose, that name that is given to it is what ist should be strictly used for, emergency funds are not for investment, they are for your emergency needs, if I'm wrong on this, I will want to call on the attention of @JayJuanGee to make this clear to some.person who might be missing the point, we are learning and sometimes people get confused about things.

You are getting things twisted and at the same time making it a bit complex for yourself, our discreationary income remains oir left over funds after we have attended to our necessities and that left over is what is required of us to invest in Bitcoin, so what then are you saying, I want to know how an investor that has been investing will be low on discreationary income, it means such investor has loss some part of his source of income, is there need to pressure yourself into doing the wrong thing when you can continue your investment with that Your discreationary income, I keep asking must we buy the dip when we do not have the funds to so, resist this confusion man to lessen your stress.

[AYOBA]

Bitcoin investment is about securing your future and not about short time spendings so it's better to plan for the future than not plan for the future because life is not guaranteed and live having regrets.

Honestly Bitcoin investment is all about how long we secure our future, but their some people that they plan to hold a Bitcoin for a long period of time and later turn it into a short spending were-by expecting to get best results in their Bitcoin investments. We all know that the Bitcoin investments is one of the best in all over, you will never invest in a Bitcoin and have a heart break accept the person has a lack of planning his self on to hold the Bitcoin to get a huge returns in future.

[Derekfunds]

Bitcoin investment is about securing your future and not about short time spendings so it's better to plan for the future than not plan for the future because life is not guaranteed and live having regrets.

Honestly Bitcoin investment is all about how long we secure our future, but their some people that they plan to hold a Bitcoin for a long period of time and later turn it into a short spending were-by expecting to get best results in their Bitcoin investments. We all know that the Bitcoin investments is one of the best in all over, you will never invest in a Bitcoin and have a heart break accept the person has a lack of planning his self on to hold the Bitcoin to get a huge returns in future.

Bitcoin doesn't really have anything to do with our future because there's nothing guarantee in Bitcoin investment and that is why we are suppose to accumulate or purchase with our discretionary income because we may not need to use it for some period of time but as a human being and also as people who are investing in it, we hope our expectations are not been cut short because we hope for Bitcoin to do exploit in the future just as it has been doing right from it existence till now. So don't put all your hope in your Bitcoin investment.

[Cyber_warrior]

You are right, some people that are into bitcoin investment one of the reasons why they usually sell their bitcoin at an an early stage is because of having some financial challenges and using the bitcoin profits to go into another business, which is very wrong to do as an investor, we usually advise people to have a backup funds, but they usually don’t see it as a necessity and that is why a lot of investors don’t have a backup funds, and when they run into some challenges, they sell off their bitcoin and use it to solve the challenges and again when they want to invest in something new, they sell off their bitcoin and use it to invest in something new, I want to ask how sure are you that the new business or investment will not crash, some people are really making big mistakes and they are doing it ignorantly because I believe if they know the effect in the future they wouldn’t do it.

Those set of people lack proper understanding about Bitcoin investment if not they would hold their Bitcoin investment dearly. Also as you said if they set up their investment properly as they should by investing with discretionary income, building an emergency fund and reserve fund then they wouldn't be dependent on their investment whenever any need arise. Ignorance has led to a lot of failed investment just because people approach it carelessly and make decisions based on emotions instead of clear understanding and long term strategy. if it fails they didn't only lost the new investment but also sacrificed a long-term asset that could have grown significantly over time.

Bitcoin investment is about securing your future and not about short time spendings so it's better to plan for the future than not plan for the future because life is not guaranteed and live having regrets.

Honestly Bitcoin investment is all about how long we secure our future, but their some people that they plan to hold a Bitcoin for a long period of time and later turn it into a short spending were-by expecting to get best results in their Bitcoin investments. We all know that the Bitcoin investments is one of the best in all over, you will never invest in a Bitcoin and have a heart break accept the person has a lack of planning his self on to hold the Bitcoin to get a huge returns in future.

You’re right about the importance of long term thinking but it’s not entirely correct to say Bitcoin investment never leads to heartbreak. Bitcoin investment doesn't guarantee anything, so saying when you invest in Bitcoin you will not have a heart break is wrong. Bitcoin might have a strong long term potential but still nothing is guaranteed, it still remains volatile and still risky just as every other investment. Investing for the long term still doesn't guarantee success.

[CageMabok]

...

Honestly Bitcoin investment is all about how long we secure our future, but their some people that they plan to hold a Bitcoin for a long period of time and later turn it into a short spending were-by expecting to get best results in their Bitcoin investments. We all know that the Bitcoin investments is one of the best in all over, you will never invest in a Bitcoin and have a heart break accept the person has a lack of planning his self on to hold the Bitcoin to get a huge returns in future.

People who have been disappointed after investing in Bitcoin don't necessarily lack a plan; they simply lack the patience to mature their plans. Hoping for quick profits after owning Bitcoin is certainly not feasible, as most investors who have reaped profits in the past after holding Bitcoin are long-term, patient investors who have invested consistently month after month. So, those who have experienced disappointment certainly have mistakes they haven't had time to correct, and these should be reexamined before investing in Bitcoin again.

Bitcoin doesn't really have anything to do with our future because there's nothing guarantee in Bitcoin investment and that is why we are suppose to accumulate or purchase with our discretionary income because we may not need to use it for some period of time but as a human being and also as people who are investing in it, we hope our expectations are not been cut short because we hope for Bitcoin to do exploit in the future just as it has been doing right from it existence till now. So don't put all your hope in your Bitcoin investment.

Investing in Bitcoin doesn't guarantee a bright future for every investor, but the facts and data we can see, for example, are quite clear that in the past, many investors have been able to achieve greater returns after consistently holding and accumulating Bitcoin for four to five years. So, this is the kind of example that investors should be looking at now, as it's a fact that can't be forgotten and can serve as a benchmark and encouragement for new investors to continue buying Bitcoin without any hesitation when it comes to holding it for the long term.

[liasbaa]

Those set of people lack proper understanding about Bitcoin investment if not they would hold their Bitcoin investment dearly. Also as you said if they set up their investment properly as they should by investing with discretionary income, building an emergency fund and reserve fund then they wouldn't be dependent on their investment whenever any need arise. Ignorance has led to a lot of failed investment just because people approach it carelessly and make decisions based on emotions instead of clear understanding and long term strategy. if it fails they didn't only lost the new investment but also sacrificed a long-term asset that could have grown significantly over time.

I have seen some investors start investing in Bitcoin with a strong and long term mindset but poverty prevents them from reaching their destination. The investor cannot be blamed for this failure alone. There are many poor societies where people struggle for basic rights. A small number of talented and hardworking investors from those groups can rise to the top because of their discipline.

To reach the desired accumulation level in Bitcoin you need to have a regular source of income because you are a responsible person and you need to take care of your family expenses as well as prioritize the present to grow your wealth in the future. Establishing an emergency fund to maintain a long term investment strategy in Bitcoin and a periodic running position and staying disciplined and patient in Bitcoin accumulation in each cycle can be considered a significant success.

[aylabadia05]

Bitcoin doesn't really have anything to do with our future because there's nothing guarantee in Bitcoin investment and that is why we are suppose to accumulate or purchase with our discretionary income because we may not need to use it for some period of time but as a human being and also as people who are investing in it, we hope our expectations are not been cut short because we hope for Bitcoin to do exploit in the future just as it has been doing right from it existence till now. So don't put all your hope in your Bitcoin investment.

What about Saylor and his company, who continue to strive to acquire large amounts of Bitcoin by persistently making purchases, if it’s true that there are no guarantees in Bitcoin investments? And what about countries that have made Bitcoin part of their national reserves?

As I understand it so far, the concept and purpose of investing are to secure financial freedom for the future.
Since its introduction to the public, Bitcoin has become an asset, even though, according to its whitepaper, it is a peer-to-peer cash system.
Don’t misinterpret things, as this could lead to misunderstandings among other readers.

[Sim_card]

What about Saylor and his company, who continue to strive to acquire large amounts of Bitcoin by persistently making purchases, if it’s true that there are no guarantees in Bitcoin investments? And what about countries that have made Bitcoin part of their national reserves?

As I understand it so far, the concept and purpose of investing are to secure financial freedom for the future.
Since its introduction to the public, Bitcoin has become an asset, even though, according to its whitepaper, it is a peer-to-peer cash system.
Don’t misinterpret things, as this could lead to misunderstandings among other readers.

Nothing is guaranteed in future except death because the future is filled with uncertainties. Nobody knows what will happen to bitcoin tomorrow, if the network will fail or not or another asset that has more utility than bitcoin will pop up and make investors divert into it. I don't know what the future has for us but we mustn't sit down and fold our hands doing nothing because we hope that the future has something good for us.

Bitcoin has the highest odd that the price will move uptrend in future than moving downtrend based on history and past performance which is why we have the hope that bitcoin will increase in value because it's still young. I don't expect to see any new asset that can outperform bitcoin is value overtime in future but we can't say it with confidence. Making profits in bitcoin isn't guarantee so don't put all your money into bitcoin to avoid regrets.

As for Saylor he is using other people money to put into bitcoin which one shouldn't emulate but copy his confidence and consistency in building your bitcoin stash overtime with your discretionary income.

[suzanne5223]

While selling Bitcoin is not a crime, if someone already has a good amount of Bitcoin savings portfolio and if someone can live comfortably from Bitcoin, then it does not make sense to sell all the Bitcoins. Because what will he do if he sells? If he wants to keep cash in hand, inflation will reduce purchasing power. Again, investing in bonds has almost limited returns. Again, real estate has low liquidity and maintenance costs. If someone already has a viable portfolio, he should maintain his portfolio through sustainable leverage. Because the longer we hold Bitcoin, the more time Bitcoin will have to work for us.

Talking about the bold statement in your write up, I wishes to ask, so you are suggesting that a Bitcoin investor should only sell if he is struggling financially or he should sell when he has something he wants to utilize the money for?

Because to the best of my knowledge, selling off your Bitcoin holdings or tempering with it is never an option if you have not gotten to your over accumulation status yet, and it's even more unwise to sell when you are a low coiner or you are still far behind in your accumulation journey because by doing so, you may never get to your over accumulation status anytime soon, and once you start tempering with your holdings by selling some of it, you may later sell everything later on because once you start doing so due to small financial difficulties, their is no going back.

I believe what we see here is that we all cant share the same preference for Bitcoin, and we also value it differently, even though we may all be Bitcoiners. Another thing that i believe always leads to this decision is a personal holding plan.
Some people plan to buy Bitcoin now and hold for at least 4 years (that's selling at the next ATH price market), but whatever the situation maybe it's nevr a good idea to empty all our BTC bag (what i am saying is that we should also have BTC that we will never sell no matter the situation maybe due to the benefit involve in holding BTC).

[Baki202]

While selling Bitcoin is not a crime, if someone already has a good amount of Bitcoin savings portfolio and if someone can live comfortably from Bitcoin, then it does not make sense to sell all the Bitcoins. Because what will he do if he sells? If he wants to keep cash in hand, inflation will reduce purchasing power. Again, investing in bonds has almost limited returns. Again, real estate has low liquidity and maintenance costs. If someone already has a viable portfolio, he should maintain his portfolio through sustainable leverage. Because the longer we hold Bitcoin, the more time Bitcoin will have to work for us.

Talking about the bold statement in your write up, I wishes to ask, so you are suggesting that a Bitcoin investor should only sell if he is struggling financially or he should sell when he has something he wants to utilize the money for?

Because to the best of my knowledge, selling off your Bitcoin holdings or tempering with it is never an option if you have not gotten to your over accumulation status yet, and it's even more unwise to sell when you are a low coiner or you are still far behind in your accumulation journey because by doing so, you may never get to your over accumulation status anytime soon, and once you start tempering with your holdings by selling some of it, you may later sell everything later on because once you start doing so due to small financial difficulties, their is no going back.

I believe what we see here is that we all cant share the same preference for Bitcoin, and we also value it differently, even though we may all be Bitcoiners. Another thing that i believe always leads to this decision is a personal holding plan.
Some people plan to buy Bitcoin now and hold for at least 4 years (that's selling at the next ATH price market), but whatever the situation maybe it's nevr a good idea to empty all our BTC bag (what i am saying is that we should also have BTC that we will never sell no matter the situation maybe due to the benefit involve in holding BTC).

There is no way we all can have the same preference you are right and also the manner of approach can not also be the same and this is why with the right knowledge everything begins to make sence and even without the different preferences the goal is still the same and the only things that is always different is the approach,  starting from buying through DCA then down to how long you are actually holding because that is one mistake a lot of them do they are ready to buy but the problem now is that they can withstand the market they are always scared the moment the price starts going down.

And everything boils down to how they want to manage the whole situation around them when they start to invest because you can not even predict what will happen most times and this is why, the period you are holding for should be stated and another thing is after that the emergency funds should be another thing to prioritize after DCA.

[blockman]

I agree. Being emotional while we are invested in Bitcoin is going to cause a bad decision and that's likely to sell what you have patiently accumulated. I've got friends that's been with me for the past years holding some little amount of Bitcoins way back then. But as the price has skyrocketed, those were significant amounts that are good amount of savings already. Yet, because of impatience and emotions, they have sold too early and they thought that everything's going to drop and dead for Bitcoin. There is no turning back anymore for us, we know that this is the kind of investment that's life changing. Those who were able to survive the financial trials while being invested to Bitcoin, they've spent so much patience and discipline in it. And this is what the new investors doesn't have, they think that none of us took the rough road of emotions, patience and consistency because they're all eyes are only on the prize(price).

It is true that some guys may well end up selling too much of their bitcoin too early, and discontinue in their ongoing accumulation of BTC, and so it may well take years before they recognize and appreciate the mistake that they made, including that perhaps when they started to invest in bitcoin, they did not sufficiently/adequately pace themselves in their bitcoin accumulation (and their cashflow management) so that they would not end up panic selling based on their psychology and/or finances that relate to downward moves in the BTC price.

They didn't expected how fast the appreciation of Bitcoin. And that's why I've seen it with people who's holding a lot in the past and sold a huge portion of their Bitcoins and then they tell the same thing today, it's all just a throwback and they're unlikely to get back on that amount they use to have before. But, they shouldn't lose hope. I think that disappointment will be beaten by consistency if ever they go back and still continue to accumulate as they've got now more knowledge than in the past that Bitcoin will always be a valuable asset to this world.

[JayJuanGee]

The most important thing is having your discretionary income that is what matters the most and secondly reserve funds and emergency funds are "almost" the same thing but the difference is that reserve funds can serve also as an emergency funds in a case where there is no emergency funds but emergency funds can not serve as a reserve fund. Lastly, our emergency funds can be used actually to be aggressive when there is Dip and we don't have enough discretionary but it must be replace back immediately after using it.

Reserve funds comes for instance you have been accumulating your Bitcoin with the DCA method then the dip shows up, you can buy with the reserve fund since it can also serve that purpose but what you are not adviced to touch is your emergency fund, they have their purpose, that name that is given to it is what ist should be strictly used for, emergency funds are not for investment, they are for your emergency needs, if I'm wrong on this, I will want to call on the attention of @JayJuanGee to make this clear to some.person who might be missing the point, we are learning and sometimes people get confused about things.

In recent times, I have begun to refer more generally to back up funds in order to be more generic in my description, since surely when guys are in their earliest stages of investing into bitcoin and simultaneously building up their back up funds, in the event that they come to bitcoin without enough back up funds, then there may well be times in which their backup funds might well be quite low, and it may well take them way more than a year to build up their back up funds to be 3 month of their expenses, especially if they are ONLY able to invest and build up their back up fund from a total of 10% or less of their income and they are already starting with a low amount.

In some sense, if a newbie bitcoiner is in his very earliest stages of building up his back up funds, he has to attempt to fairly assess his own income and expenses situation to figure out how reliable it is  and surely the more reliable his income/expenses, then the easier it would be to plan around his income/expenses, yet in reality, there are likely not too many folks who come to bitcoin who don't have decent enough variability in their discretionary income levels that might cause them some concerns about how much they are able to invest into bitcoin, to lock away that money for 4-10 years or more and still be sure to have all their basic expenses covered while still being able to simultaneously build up their back up funds to such a level that they can have decent confidence that they are not going to end up having to deplete those back up funds due to either their miscalculations of their income/expenses or perhaps some unexpected developments in regards to their income/expenses that might well end up threatening their being really able to commit to building and growing their bitcoin holdings for 4-10 years or longer.

So, practically speaking guys may well be tapping into their back up funds from time to time while they are attempting to build it up to a large enough size, and they have to figure out at what points, their tapping into their back up funds will be starting to put them in stress and also starting to put their bitcoin at risk of being tapped into.  If we are really serious about investing in bitcoin rather than just fucking around with it, then we likely have to strive to build and maintain a sufficient enough level of back up funds so that our chances of dipping into our bitcoin at a time that is not of our own choosing ends up being quite low.. and perhaps we can have a certain level of confidence that tapping into the bitcoin is not going to happen, absent some pretty considerable unexpected turns of events that likely rise to the level of emergencies that we did not expect to happen.

We likely know some folks who are always having emergencies that is likely mostly due to their own poor cashflow management systems and/or practices, and those people likely have shit-all for back up funds, so the fact that we are building and maintaining and taking serious our back up funds will likely put us in a much better place as compared with if we had not been employing such systems, yet we still have to figure out our comfort levels in regards to how far we might voluntarily allow our back up funds to be depleted before we start to seriously change our behaviors such as cutting additional expenses, or perhaps reduce or stop our bitcoin buys, and yeah hopefully we do not get to such a bad situation in which we have no more funds remaining to draw from except our bitcoin, which we had already told ourselves that we were supposed to be building such bitcoin holdings, so we end up going against our own personal mandates to be either stopping or slowing down in our building of our bitcoin or worse yet if we have to tap into our bitcoin based on our own failures to keep adequate back up funds and/or otherwise adequately account for our income and/or our expenses.

We are responsible for our own putting in place good practices, and surely it can be a struggle for guys with lower levels of discretionary funds to build up both their bitcoin and their back up funds, and surely the more we are able to build those systems, then the more comfortable we are likely to be - even though surely, I continue to be an advocate for both getting started and also to continue to build the systems and to learn along the way in order to tailor the practices to our own circumstances..  which surely it seems to me that we don't need to build the backup funds in advance, but surely if we are in a situation that we really cannot be confident that we have funds that we are able to invest in bitcoin based on our own assurance that we have sufficient discretionary funds, then we have to at least get to a state in which we are surely able to cover our expenses, and yeah, maybe we are paid every week  or twice a month or maybe every month, and so any money that we are using to buy bitcoin, is not going to be available to cover us between pay periods and if we are really investing rather than fucking around, then we are likely going to come to a determination that such money is not going to be available for 4-10 years or longer.. and yeah, that is a BIG commitment, yet bitcoin investing is a long term proposition (including the topic of  this thread) rather than trying to play around with shorter timelines that may or may not end up working out (also known as trading/gambling, which is different from investing, from my perspective of how to approach bitcoin).

You are getting things twisted and at the same time making it a bit complex for yourself, our discreationary income remains oir left over funds after we have attended to our necessities and that left over is what is required of us to invest in Bitcoin, so what then are you saying, I want to know how an investor that has been investing will be low on discreationary income, it means such investor has loss some part of his source of income, is there need to pressure yourself into doing the wrong thing when you can continue your investment with that Your discreationary income, I keep asking must we buy the dip when we do not have the funds to so, resist this confusion man to lessen your stress.

For sure we need to make sure that we have discretionary funds to be able to buy bitcoin, and I have difficulties imagining very many situations in which it is a good idea to change levels of aggressiveness based on perceptions of BTC price dips. There surely could be circumstances in which a guy might set aside some funds in order that he buys at least $10 of bitcoin no matter what, so maybe he sets aside $300 that is for buying bitcoin in case he runs out of money, but still he may well have to not get himself into situations that he does not have enough money to cover his basic expenses, since if he runs out of money then he may well deplete all of his funds and have to take from the $300 and also he may end up tapping into his bitcoin if he is not able to resolve his income/expenses situation in a timely manner.  Sometimes guys might not even realize that they are putting themselves in such situations in which they are shifting around funds in order to make sure that all of their basic expenses are covered, which surely is another argument for trying to pace ourselves in regards to how much we are putting into bitcoin and monitoring our progress between pay periods, including hoping that we are ongoingly building up the quantity of our bitcoin and the quantity of our back up funds. 

One of the more important aspects of bitcoin remains both its volatility and its liquidity, so there surely end up being guys who end up getting tempted to tap into bitcoin when it is in profits - since it is so liquid - so it is not ONLY during the price dips that guys might end up tapping into too much of their bitcoin too soon, and failing/refusing to stick with their pledge to themselves to ongoingly continue to build their bitcoin for 4-10 years or longer.  And, surely there are also guys who might come to bitcoin and in the beginning they are not ready and/or willing to commit to investing in bitcoin for 4-10 years or longer, so it may take them some time, before they realize that investing in bitcoin (rather than fucking around in bitcoin) makes more sense with longer periods of commitment, such as 4-10 years or longer rather than frameworks that might be trading in nature in order to get short-term dollar profits (which ends up in selling too much too soon)... yet guys do not necessarily learn everything about bitcoin at once, it it could take a long time of building up their bitcoin holdings, building up their cashflow management systems/practice and ongoingly monitoring bitcoin and/or their personal situation before the are able to become more comfortable with a longer term perspective about how to consider the role of bitcoin in their lives.