JJG’s Outline of Bitcoin Investment Ideas

[Emjay24]

The waiting category isn't actually that bad for those who already own a lot of BTC. If they already have a lot of BTC, They tend to wait for a low price to buy. However, If we a beginner, it might be better to buy now than to wait. If we still in the Bitcoin accumulation stage, the price isn't a problem because we continuing to buy using a DCA strategy.

Even though you own a lot of bitcoin, as long as you have not reached your accumulation target, there is no need of waiting for dips before buying. It is better to continue buying until you have met your objectives because if you purse, there are chances the dip may not happen as there is no guarantee for that. In addition, the more you keep your money idly in fiat waiting for the dips, the more temptation you expose the money to because it can easily be used for something you did not plan for.

You're wrong, If an investor for example has an accumulation target of 6 BTC and a holding period of 20 years and such an investor manages to accumulate up to 4BTC within the first 10 years with consistent buys, such an investor still has 10 years to hold and have already gone two third of his accumulation target. He can choose to resort to buying only the dip since he still has more than 2 cycles to accumulate the remaining 2BTC, so he's in a good position to keep buying only the dip if he wishes to adopt it as the only strategy while he continues drawing closer to and even possibly surpass his accumulation target. As long as he doesn't sell his bitcoin, he's good to go with buying the dip.

Waiting for the dip is a problem for people who are still early in their accumulation journey especially if they're still in their first cycle.

[Y3shot]

The waiting category isn't actually that bad for those who already own a lot of BTC. If they already have a lot of BTC, They tend to wait for a low price to buy. However, If we a beginner, it might be better to buy now than to wait. If we still in the Bitcoin accumulation stage, the price isn't a problem because we continuing to buy using a DCA strategy.

I don't think it is possible for someone who has a waiting mentality to accumulate a lot of Bitcoin and then wait for the price to drop to buy more. If you always have a waiting mentality, it will be even more difficult at first to accumulate Bitcoin, because waiting to buy Bitcoin at a dip will always be your limitation, and there is no guarantee of knowing when the dip will occur. To accumulate Bitcoin, waiting to buy should never be part of the plan, because it can alter one's decision or strategy to accumulate Bitcoin. To invest in Bitcoin, one must always have in mind to buy whenever money is available, irrespective of what the price of Bitcoin is. Those who think of waiting don’t understand the volatility of Bitcoin, and this mindset can lead to losing significant opportunities in Bitcoin.

[Barikui1]

Why you see people get afraid of investment is because they are not fully convinced, of what they are investing for, but if someone is convinced of what is investing on, i believe the investor will not get afraid of investment

When it comes to fear of investing and fear after investing, it all boils down to not investing with what you can afford to lose, because a Bitcoin investor will only fear for his investment when their is a dip in the market, and he will be afraid when he invested with what he cannot afford to lose, but if he actually invested what he can afford to lose, he will never panic after investing because of any form of price decline, because his emotions will not get the better of him.

And those that are afraid of investing due to the fact that they are not too convinced or  lack of conviction, it's because what they intend investing with is what they can't afford to lose or do away with, but if it's actually what they can afford to lose, they would rather give it a try since it's done with an amount they can afford to lose.

[Ashawowo(OS)]

If someone start Bitcoin investment with their discretionary funds, it actually let people to experiment safely within their means. And actually also teaches people on how to divide their money wisely between investing, saving for emergencies, and covering everyday expenses.

I have a little problem with this point, you should first remove your expenses budget from your income which will give you the available discretionary income. This discretionary income is what you can now divide between the 3 categories which are investing, savings(which includes emergency fund and reserve fund) and your discretionary consumption. No matter how you put up the wisdom, you should consider your expenses first and whatever remains from it can now be divided in the ratio pleasing to the investor, maybe into 3 parts and each is allocated to the either of the 3 categories I mentioned above.

[Sticky Bomb]

I also agree that a small amount can help investors master discipline in investment, but that will work only if they understand the fundamentals of Bitcoin, but I wont want anyone to take the risk of using a very low amount to start their investment, an amount that dont make any difference. Most beginners say they are accumulating consistently, but when the market shift begins, vaolitlity start they often abandon the strategy they started with. Responsibility lies with the investor who made up his mind to start investing early. He must combine it with consistency, and whatever his expectations are, they should be realistic, not an imagination. Otherwise, it will be seen as buying without any intent or goal.

It is not bad for a newbie investor to start small, it helps them to get more comfortable and build confidence in it while they remain consistent going ahead, overtime the investor might decide to increase his buying amount within his discretionary income when they must have had more confidence in their ongoing investment journey. Every bitcoin purchase is significant, as long as you are adding to your portfolio and you're remaining consistent in it, the goal is to go long-term in it  and even if an investor is having only a $10 buy amount weekly, as long as he remains consistent and doesn't sell, he's already better off than those still procrastinating to start. Overtime as the investor's finances increases, he would want to increase his buying amount to get more bitcoin added to his stash consistently.

Risk tolerance is different. A responsibility of a beginner in Bitcoin investment is to find their own risk tolerance instead of doing what works for others. Because what works for others may not work for you.

Risk tolerance in bitcoin depends on how the investor manages his cashflow, if he puts up good practices and doesn't invest beyond his discretionary income, then he is managing the risks of a having financial pressure and that of having to tamper his investment prematurely very well with the right cashflow management practices.

[DubemIfedigbo001]

Bitcoin investment is as risky as every other investment out there, but that risk can be easily mitigated when you invest only from your discretionary income, not with an amount you cannot afford to lose.

I cannot have myself agreeing to the two bolded parts of your statement.

There are other investments that are by far more risky than bitcoin investment and a very relateable one is shitcoin investments that have the possibility of being rug-pulled the next minute and you loose your funds in it and that is why investing in such projects can just be called gambling with funds, surely you cannot compare such with bitcoin investment which has demonstrated to be a great asset historically until now.

You should invest what you can afford to loose in bitcoin since there is no guarantee on your investment in it so that you are not affected if bitcoin doesn't keep performing well.

[Patrol69]

Ultimately, each person has to decide how much safety net that they need, and surely when a person comes to bitcoin, they may well already have a practice of either having some cash cushion or alternatively they have no cash cushion and they are starting from zero cash cushion.  And, an even worse case scenario, they may have all kinds of debt and disorganization in their cashflow management that they are having difficulties determining the extent to which they have any discretionary funds.

It is a realistic point that many people come to invest but not everyone's financial situation is the same. Some may have good savings while some may not have savings and some investors are burdened with debt. However, if an investor understands his cash flow well before investing, then investing can be easier for him.

An investor can plan an investment with the amount of money left over, apart from how much money he is earning and how much money he is spending on household expenses or other expenses, and with this extra money, when an investor plans to invest, the investment will seem easy to him and he will be able to make this investment consistently for a long time.

In this way, if the investor understands the cash flow and wants to ensure maximum security of his investment along with investing, then he can form an emergency fund, the purpose of forming this emergency fund is to protect the investor from selling the investment in case of sudden need.

If an investor invests without understanding, planning properly, or understanding their discretionary funds, it will be difficult for that investor to maintain their investment when the market becomes unstable. Therefore, being mentally strong is also important, as well as investing in the right way to manage cash flow.

I frequently suggest that getting started remains quite important, since it can take some time to just get biutcoin buying systems in place and to figure out from where bitcoin are going to be sourced, yet at the same time, I also tend to suggest that as long as a newbie has assessed that they have discretionary funds, then they can get started investing in bitcoin and building up their back up funds at the same time that they build up their bitcoin investment.. .. .. yet I would not be suggesting that anyone who cannot figure out whether he has discretionary funds  get started in bitcoin, so there is a need for a determination coming from the person in regards to the actual existence of discretionary funds, and yeah, if they fuck up in their calculations, then that loss is on them, and they better get smarter and/or better at math.

Getting started is important, having discretionary funds is important, building back up at the same time as the bitcoin investment is acceptable, and if they fuck up, it is their fault. Everyone needs to take responsibility in his determinations in regards to how much discretionary funds they have and whether it is enough to get started buying bitcoin.

Yes, the starting stage is very important for investors, those who can get a fair idea about investment should start investing but many people wait for a complete idea due to which their investment is not done. People gain more skills about a job while doing it but people cannot get a complete idea, similarly in the case of investment, an investor can take the right decisions only after getting that idea. Those who think that the perfect time is the perfect time for them, if asked, may not be able to explain it because in the case of investment, there is no such thing as a perfect time, rather investors have to make all the times perfect.

If the investor understands his discretionary income or understands his cash flow well, then I think there should be no obstacle in starting his investment, because if he has this relationship, he will be able to continue investing continuously and without any obstacles for a long time.

[obuoma]

The waiting category isn't actually that bad for those who already own a lot of BTC. If they already have a lot of BTC, They tend to wait for a low price to buy. However, If we a beginner, it might be better to buy now than to wait. If we still in the Bitcoin accumulation stage, the price isn't a problem because we continuing to buy using a DCA strategy.

I don't think it is possible for someone who has a waiting mentality to accumulate a lot of Bitcoin and then wait for the price to drop to buy more. If you always have a waiting mentality, it will be even more difficult at first to accumulate Bitcoin, because waiting to buy Bitcoin at a dip will always be your limitation, and there is no guarantee of knowing when the dip will occur. To accumulate Bitcoin, waiting to buy should never be part of the plan, because it can alter one's decision or strategy to accumulate Bitcoin. To invest in Bitcoin, one must always have in mind to buy whenever money is available, irrespective of what the price of Bitcoin is. Those who think of waiting don’t understand the volatility of Bitcoin, and this mindset can lead to losing significant opportunities in Bitcoin.

People who are inclined to waiting for dips are traders and short term investors because they want to buy low and sell high as soon as they see profits. Those are not the people we are interested in because we are interested in long term investors and holders. Long term investors have no business waiting for dips, they simply continue accumulating with the DCA method without bothering what the price.

Those who employ this continuous method of accumulation like the DCA always do better and they also suffer less emotional trauma that the volatility of Bitcoin can subject those who look at price to. It is highly recommended that everyone should adopt the continuous accumulation process because the advantages are just numerous.

[Hardyrobust]

The waiting category isn't actually that bad for those who already own a lot of BTC. If they already have a lot of BTC, They tend to wait for a low price to buy. However, If we a beginner, it might be better to buy now than to wait. If we still in the Bitcoin accumulation stage, the price isn't a problem because we continuing to buy using a DCA strategy.

I don't think it is possible for someone who has a waiting mentality to accumulate a lot of Bitcoin and then wait for the price to drop to buy more. If you always have a waiting mentality, it will be even more difficult at first to accumulate Bitcoin, because waiting to buy Bitcoin at a dip will always be your limitation, and there is no guarantee of knowing when the dip will occur. To accumulate Bitcoin, waiting to buy should never be part of the plan, because it can alter one's decision or strategy to accumulate Bitcoin. To invest in Bitcoin, one must always have in mind to buy whenever money is available, irrespective of what the price of Bitcoin is. Those who think of waiting don’t understand the volatility of Bitcoin, and this mindset can lead to losing significant opportunities in Bitcoin.

People who are inclined to waiting for dips are traders and short term investors because they want to buy low and sell high as soon as they see profits. Those are not the people we are interested in because we are interested in long term investors and holders. Long term investors have no business waiting for dips, they simply continue accumulating with the DCA method without bothering what the price.

Those who employ this continuous method of accumulation like the DCA always do better and they also suffer less emotional trauma that the volatility of Bitcoin can subject those who look at price to. It is highly recommended that everyone should adopt the continuous accumulation process because the advantages are just numerous.

It is mostly traders that prefer to wait for the market to dip before they will buy bitcoin. This is not a strategy that a low or no coiner should start with because it will lead to procrastination and not starting when they are supposed which they will end up missing opportunities. However,  an investor can be using DCA strategy and still decide to be preparing for the dip by setting aside some percentage of discretionary income for buying the dip whenever it may occur and then the remaining percentage for his DCA .