JJG’s Outline of Bitcoin Investment Ideas

[alankasman]

Yes there should be a form of adjustment when it comes to budgeting and discretionary funds  and other plans can be put to use. You just need to be ready in other for you to enjoy your investment because most people don't plan and when you are planning it does not mean it's going to work so let us not be to sure that it's going to work according to plan. But most importantly plan.

What's really needed is what you said. Without a plan we certainly won't be able to do what we need to do regarding adjustments to budgeting and discretionary funds. These two things will always go hand in hand in placing what we should do. So when we enjoy our investments we will certainly find greater comfort in enjoying the results of the investments we have prepared. Although most people don't understand this step because they start something without a priority plan. So when the results don't match expectations I think this is a fundamental mistake that we never evaluate as soon as possible before the risk to each of us occurs.

[cyberninja2]

It is a very important point to talk about the period of earning money but when you complete your studies and join a profession, you may be semi-skilled in that job or your salary may be relatively low in a new situation. After that it may take more time for the person to initially find a discretionary income but if he can find it from the beginning and start accumulating Bitcoin it will be an impressive and best investment decision. Young age is the best time to invest in Bitcoin but for some it is possible to make a mistake because some people may be volatile and trading for quick profits. With increasing age responsibility increases as well as a great opportunity to gain skills and increase the scope of Bitcoin accumulation. There may be uncertainty in terms of earning but it depends on the environment and geographical location because if you are skilled, your demand from big companies will keep increasing and they will pay higher salaries.

This is indeed true for it signifies our status as newcomers when embarking on a professional career often having just completed our studies. Crucially the beginning of our personal struggle for success commences with this professional role thus, it is entirely natural for us as beginners to prioritize and anticipate our own personal needs as well as those of our families.

Furthermore the shaping of our future ultimately rests in our own hands. Our responsibilities become far more comprehensive once we are established in the workforce this implies that we must maximize the value we derive from our employment whether in terms of income or other benefits. This principle mirrors the approach one should take when deciding to invest in Bitcoin making a well considered decision at the outset is the optimal strategy. Such a decision serves to temper one's temperament preventing the impulsivity that might otherwise lead to an ill-advised acceptance of risks should adverse market events occur in the future. For as time goes on, the challenges we encounter will inevitably intensify however the key to navigating this lies within our own character. To successfully invest in Bitcoin, one must cultivate a strong mental fortitude specifically the discipline to systematically accumulate holdings through Dollar Cost Averaging (DCA) thereby building a future asset portfolio from which we may ultimately realize potentially significant returns.

[Cossyblack]

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.

Investors who do not have strong back funds are likely going to sell their bitcoin portfolio premature if they faced with real life emergency. They would be forced to sell their bitcoin portfolio prematurely to take care of their emergency needs, which why investors are encouraged to build a strong back funds while investing in bitcoin. Real life Emergency strike without warning people, in other not to sell prematurely, putting your backup funds in place will protect your bitcoin investment and helps you hold over the long term.

[iamsange]

Investors who do not have strong back funds are likely going to sell their bitcoin portfolio premature if they faced with real life emergency. They would be forced to sell their bitcoin portfolio prematurely to take care of their emergency needs, which why investors are encouraged to build a strong back funds while investing in bitcoin. Real life Emergency strike without warning people, in other not to sell prematurely, putting your backup funds in place will protect your bitcoin investment and helps you hold over the long term.

They must do this to maintain their reputation which is a bit difficult for investors without backup funds. They tend to prefer those with backup funds meaning they are not healthy investors financially or without backup funds they are forced to sell their portfolios to maintain their reputation. It doesn't have to be pushed but if they don't have reserve funds it's better for them to find a solution first before they do what they want and as you said if they want something they have to sell their portfolio even though they are investors who tend to have funds available either in cash or non cash and of course I am more sure that every investor who has started will be more prepared for everything and it's different from someone who sometimes has limited reserve funds.

[Sticky Bomb]

Accordingly, a guy could build up his investment holdings while he is earning good money, so that if anything happen to his high paying job, he is still in a good financial situation based on his having had used a good portion of his extra pay to invest into bitcoin rather than consume.. and I am not even against some reasonable levels of consumption, even though sometimes the consumption will go quite a bit overboard with some people... even though surely they have the right to choose what to do with their income..

Sometimes guys might have had gotten into decently well paying positions when they were younger (and even their business might start to earn them good money after they build it for a while), yet when they are older in life, they may find themselves in poverty or even in lower standard of living situations, due to their own failures to sufficiently prepare themselves for later in life when they are no longer ready, willing and able to work and/or maybe their business might have had issues in terms of its profitability changing or diminishing, too.

So, sometimes there can be value to put money into areas that will generate income, yet there is also value in building up investments (such as bitcoin) that are likely able generate income when the guy might not be inclined to do any labor beyond maybe just the accounting aspects of keeping track of his coin balances and/or his spending.

I find it interesting when a young guy is able to think about establishing residual income channels at a young age and not just focused on frivolities just like we've in the gen z's of recent times, it shows maturity and good income management skills on his path and if he does well to invest in his skills, education or even some business while he's having the finances, it's still going to increase his financial status.

Such a person may want to have an asset that would be activated in the future to take care of his later days in case his present buildups fails to last until that moment and that is where most people doing well in their youths fail woefully which makes them end up very poor and miserable when they advance to their older days. Bitcoin is a good asset to attempt securing your financial future and it is a good choice for a young person who is earning and has discretionary income to plan for his older days with his investments into it and surely, such a person that just got out from school would have a longer duration ahead of him to hold, so that after a youthful life of work and struggles, you'll spend your later days reaping the fruit of your labour by sustainably withdrawing from your already built holdings to maintain yourself.

A young person can still seek out some kind of security on his investment by having more than one asset invested to like having real estate as a backup asset to his bitcoin holdings which is still fine since our investment into bitcoin isn't guaranteed but the basics is for such a young person to be futuristic minded and build out assets that would take care of him when he can no longer work very actively.

[Joeboy]

I had a situation when I graduated from college, I got accepted into a pretty decently paying job, and it was around 5x what I had been being paid earlier (before graduating), and then the next year after starting that higher paying job, my income went up 50% and then for each of the following couple of years, my income went up 50% for each of those two years too.  And so really my income was way more than I needed to live (perhaps around 6x greater after a few years, since sometimes consumption might also go up when income goes up, even though the consumption portion does have optional portions), and I was not even close to the top of the earners, since i had several of my classmates who started out right after college at right around the same income that I had gotten after 3 years out of college, and they likely doubled their incomes within 1-2 years out of college.  I ONLY worked in those high paying positions for around 15 years, even though other people likely are ready and able to work in those high paying positions for way longer than I was able to do.

There can be some amazing promotional opportunities that come from landing high paying jobs or even getting into a business that ends up being profitable.. and some guys might ONLY be able to get into those higher paying positions with the investment of time (getting skills, education and/or connections) and/or investing capital (that could take away from their bitcoin investment in their earlier years of earning). So, if a guy is able to greatly increase his income, then some benefits in investing the money rather than immediately increasing the standard of living (and/or consumption) can really pay off in the long run..

Accordingly, a guy could build up his investment holdings while he is earning good money, so that if anything happen to his high paying job, he is still in a good financial situation based on his having had used a good portion of his extra pay to invest into bitcoin rather than consume.. and I am not even against some reasonable levels of consumption, even though sometimes the consumption will go quite a bit overboard with some people... even though surely they have the right to choose what to do with their income..

Sometimes guys might have had gotten into decently well paying positions when they were younger (and even their business might start to earn them good money after they build it for a while), yet when they are older in life, they may find themselves in poverty or even in lower standard of living situations, due to their own failures to sufficiently prepare themselves for later in life when they are no longer ready, willing and able to work and/or maybe their business might have had issues in terms of its profitability changing or diminishing, too.

So, sometimes there can be value to put money into areas that will generate income, yet there is also value in building up investments (such as bitcoin) that are likely able generate income when the guy might not be inclined to do any labor beyond maybe just the accounting aspects of keeping track of his coin balances and/or his spending.

You are very well on point and sure I largely agree with you sir...Coz I tend to have really noticed how shortsighted some folks tend to be especially after their income increases... Immediately after an increase in income, adjusting their lifestyle upward even way beyond their income just to feel among their pair is immediately considered the top priority of some folks... And then they very well begin spending money on irrelevant expenses and before we know it, that income that once look big in the eyes of that person, is later considered as insufficient.. And that's why increased income shouldnt always result in an immediate increased and/or expensive standard of living...

The truth always remain high earnings dosen't always get to be permanent for most folks and that why it is very risky when folks solely depend on that same income overtime without making any investment that could very well grow their money and also place them in a much more better position... Apart from that, folks could even get old and sick or their income may even be reduce later and if folks didn't prioritize security by the way of investment in an asset like Bitcoin for example, then it may just be way more harder to build gradually at the later years of ones life when one must have been old and stricken in age without any means to having a discretionary income...