JJG’s Outline of Bitcoin Investment Ideas

[Nheer]

"Trust the process"

There is a reason why this phrase is used by many successful business men and women, it is because growth is what makes you gain confidence over time and it's the same thing with Bitcoin investments especially for newbies that feel the urge to start huge but fear won't allow you because you are scared that the market might shrink and your investment will go with it which is a common fear but that's the reason why it's important not to skip to the end of any story or journey without properly accessing the knowledge and confidence you will get when you start from the very beginning and pass through all stages so that you grow in learning.

Starting small as a newbie will give you time to get confidence and understand how everything works so that when you have gotten confidence then you can make room for adjustment of discretionary funds used for your investment. You know they say slow and steady does win the race although you can decide to lum sum if you are confident and have the available funds to do so but for newbies that are just coming into the art of investing it's better to pass through the process of starting small to gain confidence on the market so you don't get scared and chicken out thereby selling off when the market dips.

Many people simply underestimate the power of growth. Every well established businesses or investments all started gradually and with time the grow into something bigger, so beginners need to under that time and patience is what is required of them if they want to gain confidence in their Bitcoin investment. It's much better and peaceful to start small rather than starting huge with an amount you can't afford to lose because when you have the urge to go in big but feel scared of losing your money then you are probably putting too much into Bitcoin which you can't afford to lose. Beginners don't need to start big, they should start small since they don't fully understand everything about Bitcoin yet, learn as they invest and increase their accumulation power as they grow on knowledge.

Yes, sir, it's crucial for them to prepare a strong Mentality for investing. Hoping that prices will always rise is a foolish notion, As market trends are of two types, Upward and downward.
However, If they have a strong mentality, a decline presents a good Opportunity to Buy outright and also to use a DCA approach.

Seeing many Investors panic when prices drop makes Me think They investing large sums But aren't prepared for the reality that prices will reverse their expectations. In fact, I suspect their minds are Still preoccupied with worry, they're not long term Investors, But traders.

People get the wrong idea about Bitcoin investment and that's most the cause of their downfall. It's wrong to think that there will never be ups and downs with Bitcoin and this has caused a lot of investors to panic whenever the price of Bitcoin is dropping. Bitcoin is a volatile asset with the price always fluctuating so anyone investing should prepare their minds that the price will fluctuate. Having this mindset already save you the stress of worrying about price drops. Those that worry less about Bitcoin price drops are not just lucky they are simply prepared, they know Bitcoin investment also has its challenges and is not free of risk.

[Sticky Bomb]

i believe that once an investor is able to settle his basic expenses first, then it wont be too difficult to handle if he then decide to use his remaining money for bitcoin investment, no matter how many percentage of it he use because that money is his discretionary income and he can choose how to use it provided hes not using it frivolously because as a bitcoin investor you ought to have a good financial management skill that will help the growth of your investment.

This is not entirely the right practice, It is important to build backup funds alongside your accumulating bitcoin, so it is necessary that he only invests some percentage of the discretionary fund into bitcoin maybe in the percentage of 40:30:30. 40% into bitcoin, 30% into building of backup funds and the last 30% for discretionary consumption.
Backup finds are good to be built out, especially emergency fund(which should be built out until it is equal to at least 3 months of your regular expenses) which serves as the last line of defense prior to tapping into the portfolio. It is very important in the case of unforeseen circumstances so that we don't turn immediately to our portfolio for to attend to such emergencies.

[Joeboy]

You are exactly correct that guys who invest into bitcoin go through a real world difficult test when the price goes down after they expected the price to go up, and the price might even go down for several years, which will continue to test them, which surely I have considered both the size of the investment and the ongoing buying of bitcoin to be helpful for beginners and even helpful during periods in which the BTC price is going down rather than sideways or up, and surely, guys sometimes get more panicked because they did not financially and/or psychologically prepare for the price to go down, which also might mean that they ended up putting in too much time, energy and value into bitcoin in the beginning and at times when the BTC price was higher, which contributes towards their regrets, yet their inability to do anything to change the past (except maybe attempt to learn from it and to learn the right lesson from it.. sometimes guys will learn the wrong lesson from their past mistakes).

Yes, sir, it's crucial for them to prepare a strong Mentality for investing. Hoping that prices will always rise is a foolish notion, As market trends are of two types, Upward and downward.
However, If they have a strong mentality, a decline presents a good Opportunity to Buy outright and also to use a DCA approach.

Seeing many Investors panic when prices drop makes Me think They investing large sums But aren't prepared for the reality that prices will reverse their expectations. In fact, I suspect their minds are Still preoccupied with worry, they're not long term Investors, But traders.

The absence of basic knowledge could very well be another key reason why folks happens to find themselves in the position of panicking during dips... And that's exactly why basic knowledge is very necessary for folks prior to kickstarting your accumulation journey... Knowledge of volatility is inclusive to this basic knowledge and with it, so that certain mistakes like panics during bear season and/or selling while still in the process of accumulation can surely be avoided...But when that basic knowledge is absent, dips could begins to feel as if Bitcoin is failing or whatnot...

[Rockson1]

Bitcoin's past performance can never determine its future results or there is no certainty that it will happen in the future because it happened in the past. However, a new or an investor needs to be aware of the international issues. Because Bitcoin is completely decentralized, no one has any influence on Bitcoin, the price of Bitcoin increases depending on the demand for Bitcoin. If an investor is willing to invest and if he cannot believe in Bitcoin, then he needs to know about the demand for Bitcoin and what opinions are going on about Bitcoin at the international level. For example, Iran has announced that they will collect VAT from every ship through Bitcoin and what big companies have said about Bitcoin, etc. It is necessary to get an idea about what role Bitcoin is playing at the international level. So that they can understand and build trust in Bitcoin.

Are you advicing that before any newbie can consider investing in Bitcoin, he should have known all this things you mentioned here? That is to say that you are advicing such newbie not to invest in Bitcoin, there things that can cause discouragement among newbies since it discretionary that is needed for any newbie to start their investment, why will they want to do all the research and know everything before the can start, if a newbies should know about ongoing international issues according you and as you suggested, what is that aimed at, although I understand your point as I was reading towards the end of your comment, but their are things a newbjes should not be looking at at a start because his major focus at a start should be using his discretionary to start his Bitcoin investment with time to every other things will come in place.

[Cyber_warrior]

I agree with you. Increasing the investment amount is a good thing. But it should also be remembered that just increasing the amount does not make you a better investor. Here, the importance should be given to whether the amount being increased is sustainable or not. Bitcoin accumulation is not such that buying more today out of passion will automatically become a smart move tomorrow. If the buy amount goes beyond discretionary income, then the investment is not being increased. The risk of future is increasing. Many people think that they buy with a little pressure now but do not think about the future. Investing more in Bitcoin is not a problem. The problem is investing more than their own cashflow capacity.

The steps taken are certainly good but sometimes after investing significantly/aggressively this can become a problem because our income doesn't exceed our investment budget. This is the problem as investing beyond our income limits can create problems for households. Therefore I would say that if our income is only 10% it's appropriate to only invest 5%.

Adjustments must be balanced with income. Otherwise we must have another job so we can fulfill both needs. Every aspect whether it's needs or investments will naturally go according to our wishes. This is inseparable from what we do by having two jobs. The results of these two jobs are one income is dedicated to needs and the other income is used for investments with the goal of meeting needs and ensuring investment is uninterrupted. This makes it easy for us to implement both according to our expectations fulfilling our needs and investing to create assets for our future.

That's true being aggressive can become a problem for our investment but only when it's not done accordingly. You can only get when aggressive when you are comfortable and sure you have enough discretionary income to do so. Your income might remain the same and you still be able to get aggressive with your investment, this can happen when you have other means of getting discretionary income which can be through other means not necessarily your income. The percentage you invest should be determined by your expenses, if more is left as discretionary after sorting expenses then you can invest more while balancing your cash flow with what you allocate for emergency and reserve funds.

i believe that once an investor is able to settle his basic expenses first, then it wont be too difficult to handle if he then decide to use his remaining money for bitcoin investment, no matter how many percentage of it he use because that money is his discretionary income and he can choose how to use it provided hes not using it frivolously because as a bitcoin investor you ought to have a good financial management skill that will help the growth of your investment.

This is not entirely the right practice, It is important to build backup funds alongside your accumulating bitcoin, so it is necessary that he only invests some percentage of the discretionary fund into bitcoin maybe in the percentage of 40:30:30. 40% into bitcoin, 30% into building of backup funds and the last 30% for discretionary consumption.
Backup finds are good to be built out, especially emergency fund(which should be built out until it is equal to at least 3 months of your regular expenses) which serves as the last line of defense prior to tapping into the portfolio. It is very important in the case of unforeseen circumstances so that we don't turn immediately to our portfolio for to attend to such emergencies.

It's very important to have back funds when investing so you don't always have to run back to you investment when an unexpected need arise but it must not be done immediately especially if your discretionary income is barely enough to cover for all. When not enough you should just stick to investing while looking for other sources to help you generate more income to build emergency funds and increase your investment amount.

[Female King]

You are exactly correct that guys who invest into bitcoin go through a real world difficult test when the price goes down after they expected the price to go up, and the price might even go down for several years, which will continue to test them, which surely I have considered both the size of the investment and the ongoing buying of bitcoin to be helpful for beginners and even helpful during periods in which the BTC price is going down rather than sideways or up, and surely, guys sometimes get more panicked because they did not financially and/or psychologically prepare for the price to go down, which also might mean that they ended up putting in too much time, energy and value into bitcoin in the beginning and at times when the BTC price was higher, which contributes towards their regrets, yet their inability to do anything to change the past (except maybe attempt to learn from it and to learn the right lesson from it.. sometimes guys will learn the wrong lesson from their past mistakes).

Yes, sir, it's crucial for them to prepare a strong Mentality for investing. Hoping that prices will always rise is a foolish notion, As market trends are of two types, Upward and downward.
However, If they have a strong mentality, a decline presents a good Opportunity to Buy outright and also to use a DCA approach.

Seeing many Investors panic when prices drop makes Me think They investing large sums But aren't prepared for the reality that prices will reverse their expectations. In fact, I suspect their minds are Still preoccupied with worry, they're not long term Investors, But traders.

The absence of basic knowledge could very well be another key reason why folks happens to find themselves in the position of panicking during dips... And that's exactly why basic knowledge is very necessary for folks prior to kickstarting your accumulation journey... Knowledge of volatility is inclusive to this basic knowledge and with it, so that certain mistakes like panics during bear season and/or selling while still in the process of accumulation can surely be avoided...But when that basic knowledge is absent, dips could begins to feel as if Bitcoin is failing or whatnot...

If you have a long bitcoin investment plan you won't panic when the price drop because you might still meet some bitcoin all time high in the future some utilize this opportunity to buy more bitcoin, traders are mostly the people that panic the most those who invested with out using their discretionary income who always target high price so they can sell and make some profit they see the dip as a disappointed after buying low to sell high.

[khiholangkang]

i believe that once an investor is able to settle his basic expenses first, then it wont be too difficult to handle if he then decide to use his remaining money for bitcoin investment, no matter how many percentage of it he use because that money is his discretionary income and he can choose how to use it provided hes not using it frivolously because as a bitcoin investor you ought to have a good financial management skill that will help the growth of your investment.

This is not entirely the right practice, It is important to build backup funds alongside your accumulating bitcoin, so it is necessary that he only invests some percentage of the discretionary fund into bitcoin maybe in the percentage of 40:30:30. 40% into bitcoin, 30% into building of backup funds and the last 30% for discretionary consumption.
Backup finds are good to be built out, especially emergency fund(which should be built out until it is equal to at least 3 months of your regular expenses) which serves as the last line of defense prior to tapping into the portfolio. It is very important in the case of unforeseen circumstances so that we don't turn immediately to our portfolio for to attend to such emergencies.

Shouldn't the reserve fund and emergency fund be included in the main mandatory expenses so that after the calculation is complete you only have more free discretionary funds? because in my opinion the reserve fund and emergency fund are mandatory for you to always allocate every month, if necessary fulfill it first before investing, after you reach your emergency fund target then you have time to invest fully, and I think this is much better.
 
Because imagine when you start investing but your emergency fund is not fully met then when something happens to you then surely you will sell what you have bought and bitcoin is the most liquid one that you will definitely sell when the situation is bad which causes your investment to fail, I hope you can anticipate that condition by fulfilling the emergency fund first so that your investment will run safely.

[Sim_card]

Shouldn't the reserve fund and emergency fund be included in the main mandatory expenses so that after the calculation is complete you only have more free discretionary funds? because in my opinion the reserve fund and emergency fund are mandatory for you to always allocate every month, if necessary fulfill it first before investing, after you reach your emergency fund target then you have time to invest fully, and I think this is much better.

No you don't need to include your emergency funds and reserve funds as part your mandatory expenses because your backup funds should be created from your discretionary income and your bitcoin investment is your first priority.

You don't also have to set up your emergency funds and reserve funds at the same time because it will limit the amount of money that you will be using to DCA weekly. It's good to only set up one backup funds at a time simultaneously with growing your bitcoin investment which is your emergency funds so that, you don't start holding back too much cash that depreciates in value overtime.

You don't need to create an emergency funds first before investing in bitcoin because it will delay you from growing your bitcoin investment faster since you will be waiting and miss a lot of opportunities in the market to buy bitcoin cheaper with DCA. One thing you should know is that emergency might pop up or not which makes it not necessary to set up your emergency funds first when you don't have any bitcoin investment to backup.

It's good that a brand new investor without any form of backup funds before he decides to invest in bitcoin build his bitcoin investment simultaneously, with his emergency funds by sharing his discretionary income into three parts 33.3% for his weekly regular DCA, 33.3% to build his emergency funds and 33.3% for his discretionary income to balance things for himself.

[liasbaa]

If you have a long bitcoin investment plan you won't panic when the price drop because you might still meet some bitcoin all time high in the future some utilize this opportunity to buy more bitcoin, traders are mostly the people that panic the most those who invested with out using their discretionary income who always target high price so they can sell and make some profit they see the dip as a disappointed after buying low to sell high.

Investors who consider the price decline as a valuable opportunity to increase their purchases can reach the over accumulation stage in a limited time. Real investors are not very affected by the decline or increase in the price of Bitcoin because the decline or increase in the price with the demand in the market is part of an ongoing process. Yes, traders get scared because they fear losing capital and sometimes they even sell at a loss in panic. Such a situation creates a dangerous situation for traders, especially if they do not keep backup funds/emergency funds to protect and keep Bitcoin holdings for the long term.

[DubemIfedigbo001]

That's true being aggressive can become a problem for our investment but only when it's not done accordingly. You can only get when aggressive when you are comfortable and sure you have enough discretionary income to do so. Your income might remain the same and you still be able to get aggressive with your investment, this can happen when you have other means of getting discretionary income which can be through other means not necessarily your income. The percentage you invest should be determined by your expenses, if more is left as discretionary after sorting expenses then you can invest more while balancing your cash flow with what you allocate for emergency and reserve funds.

You are getting the concept of aggressiveness wrongly, being aggressive isn't about. The quantity of your discretionary income, but the percentage of income you put into buying Bitcoin with respect to your total discretionary income, someone can be having small discretionary income and still be more aggressive than another having a higher discretionary income.

Let's say Mr. A has $100 discretionary income monthly and if he's able to invest $60 out of it into Bitcoin, he's more aggressive than Mr.B having $1000 discretionary income who just invest $400 despite the fact that Mr.B is investing a higher amount than the Mr. A.

If however Mr.B starts investing $600, then he's as aggressive as Mr.A who invests $60 since they put the same percentage of their discretionary income into Bitcoin which is 60%.

[Derekfunds]

If you have a long bitcoin investment plan you won't panic when the price drop because you might still meet some bitcoin all time high in the future some utilize this opportunity to buy more bitcoin, traders are mostly the people that panic the most those who invested with out using their discretionary income who always target high price so they can sell and make some profit they see the dip as a disappointed after buying low to sell high.

Investors who consider the price decline as a valuable opportunity to increase their purchases can reach the over accumulation stage in a limited time. Real investors are not very affected by the decline or increase in the price of Bitcoin because the decline or increase in the price with the demand in the market is part of an ongoing process. Yes, traders get scared because they fear losing capital and sometimes they even sell at a loss in panic. Such a situation creates a dangerous situation for traders, especially if they do not keep backup funds/emergency funds to protect and keep Bitcoin holdings for the long term.

Anyone that Is considering the price decline like you said as a great opportunity to increase their Bitcoin accumulation is not a Real and serious investor because who will be considering something that is not certain or guarantee as a great opportunity in fact that is lack of Bitcoin knowledge because someone who knows better should be able to understand that Bitcoin doesn't work like that and that is not the right or best way to approach Bitcoin because you will be left behind as the decline may not even come or get to where you expect it to...

[ChocolateBitcoinK]

You are exactly correct that guys who invest into bitcoin go through a real world difficult test when the price goes down after they expected the price to go up, and the price might even go down for several years, which will continue to test them, which surely I have considered both the size of the investment and the ongoing buying of bitcoin to be helpful for beginners and even helpful during periods in which the BTC price is going down rather than sideways or up, and surely, guys sometimes get more panicked because they did not financially and/or psychologically prepare for the price to go down, which also might mean that they ended up putting in too much time, energy and value into bitcoin in the beginning and at times when the BTC price was higher, which contributes towards their regrets, yet their inability to do anything to change the past (except maybe attempt to learn from it and to learn the right lesson from it.. sometimes guys will learn the wrong lesson from their past mistakes).

Yes, sir, it's crucial for them to prepare a strong Mentality for investing. Hoping that prices will always rise is a foolish notion, As market trends are of two types, Upward and downward.
However, If they have a strong mentality, a decline presents a good Opportunity to Buy outright and also to use a DCA approach.

Seeing many Investors panic when prices drop makes Me think They investing large sums But aren't prepared for the reality that prices will reverse their expectations. In fact, I suspect their minds are Still preoccupied with worry, they're not long term Investors, But traders.

The absence of basic knowledge could very well be another key reason why folks happens to find themselves in the position of panicking during dips... And that's exactly why basic knowledge is very necessary for folks prior to kickstarting your accumulation journey... Knowledge of volatility is inclusive to this basic knowledge and with it, so that certain mistakes like panics during bear season and/or selling while still in the process of accumulation can surely be avoided...But when that basic knowledge is absent, dips could begins to feel as if Bitcoin is failing or whatnot...

Without a basic/general knowledge about the market, they will definitely think that the volatility is something very serious, they will easily panic, which can mentally bind them to sell their holdings. Due to lack of knowledge, people easily lead themselves to make wrong decisions. That is why the matter is not different in the case of Bitcoin investment, if the right decision cannot be made here, then people will be very adversely affected by it, they will face failure in the case of investment, because they are not confident to survive in the market, they are taking the natural volatility too seriously, as a result they will make the wrong decision and sell the holdings at a loss also. But if he has the right idea about Bitcoin, then he understands very well that the bear market is temporary and it is part of the future possibilities, then he can be more aware and steady instead of panicking.