JJG’s Outline of Bitcoin Investment Ideas

[SPIDERMAN008]

I believe a huge part of what JJG said in his outline is consistency is more important than trying to beat the market. DCA is effective, because it eliminates emotions and market timing. In the meantime, there is always the danger of missing the opportunities while Bitcoin keeps climbing up as an investor keeps awaits for the “perfect dip”. Meanwhile, discretionary income is the main factor involved. No one can sustain a regular investing program without some regular cash flow. The most important factors are taking a conservative buys on-sale approach based on your means and holding on to them for many years. and not getting caught up in trying to time the price movements too short term.

The thing is, I don’t know why so many people spend too much time trying to outsmart the market or be waiting for that best entry, but later end up watching Bitcoin go higher without them. To be honest, DCA just makes sense for most people, it removes those emotions Ann’s guessing.
And fr, consistency does more than trying to catch every dip perfectly. Even that small buys done regularly can grow into something meaningful after some years, especially when you stay patient and don’t panic react to those short term price movements.
Meanwhile discretionary income is the real backbone of it all. You don’t need to force huge investments, just steady accumulation based on what you can comfortably afford or you will end up going back to ur stack.

This type of short-term trading mentality is more common among new and inexperienced traders. Because they invest in the wrong crypto in the beginning and then invest in Bitcoin with that wrong mindset. Those who do not have the right idea in the beginning want to use Bitcoin as a trading tool, which is a completely uncertain matter. Because there is no way to know what the price of Bitcoin will be in the short term. So they put themselves in danger by trading for a short period of time.

[avp2306]

I’m not really sure what you meant by strike but if your financial situation becomes unstable then there is nothing wrong with pausing your investments until your income becomes steady again. It’s better to focus on handling your important expenses first and only invest when you have some discretionary income left. The main thing is to avoid putting yourself under pressure just to stay consistent. If your current income is not enough to keep investing comfortably then you can simply wait until your financial situation improves. During that period you can also focus on finding other ways to increase your income before continuing your investment.

Also it is not mandatory to invest a fixed amount every time. You can invest any amount you can afford at that moment even if it’s small. What matters most is staying consistent because consistency is the key in long term investing.

By “taking a break,” I mean stopping for a while the idea is to try to avoid it, but if the situation becomes very difficult taking a temporary break is fine. I agree with what you said: we can look for ways to increase our own income when our finances start to become unstable.
With DCA, the amount is already set and done consistently but if finances are unstable it’s okay to reduce the amount so it’s different from before.

It's better to take some break or pause a bit from accumulating Bitcoin if there is no discretionary income available and be holding on the one been accumulated rather selling your Bitcoin.

It's good to hodl Bitcoin i wouldn't like to be a no-coiner instead i will be holding my accumulated Bitcoin and continue to increase my stack when there is a discretionary income.

At the time of taking break you can be working on increasing your income so you can have some other income to start accumulating Bitcoin again to able to hodl Bitcoin for longer above 4-10.

This is how important to have side hustle to avoid this kind of situation, but if they only relying on their discretionary income well taking pause make sense at all rather than they decide to sell.

Hodling their positions for awhile will make them away to become a no coiner, also using that break to set up everything and try to find ways to improve your income is good then they can later on go back accumulating when situation goes fine in their end.

With that I believe that they can sustain their plan to go 4 - 10 years on their Bitcoin investment without thinking or be force to drain their own reserves.

[liasbaa]

Even people who start out investing in bitcoin with stable income may well some times get themselves in situations in which their income is not stable, and surely they have to deal with such situations.  Sometimes they might purposefully put themselves in such a situation, and other times, they might have circumstances in their life cause them to have periods of unstable income (or even loss of income and/or increases in expenses).

To be in long term Bitcoin accumulation, we need to be mentally prepared for any negative aspects of this continuous situation of stable income and give importance to emergency funds and cash flow accordingly. In the context of our country if I say that I am engaged in the work I am doing I know that I can lose my job at any time. Such a situation can happen to anyone.

You have taken a long term goal for Bitcoin accumulation and have been doing DCA regularly for 3 years and your job may go away. In that situation, will you stop accumulating Bitcoin or make a bad decision to withdraw? Nop, it should not be at all because this is a critical time and you will have to run at least one or more cycles of Bitcoin accumulation to reach an expected investment level.

Income instability is temporary and you will soon find a job and until then continue to provide family backup through your reserve fund. Besides, you probably have an emergency fund that will take care of Bitcoin holdings in case of special needs.

[Mr_Brilliant$]

I believe a huge part of what JJG said in his outline is consistency is more important than trying to beat the market. DCA is effective, because it eliminates emotions and market timing. In the meantime, there is always the danger of missing the opportunities while Bitcoin keeps climbing up as an investor keeps awaits for the “perfect dip”. Meanwhile, discretionary income is the main factor involved. No one can sustain a regular investing program without some regular cash flow. The most important factors are taking a conservative buys on-sale approach based on your means and holding on to them for many years. and not getting caught up in trying to time the price movements too short term.

The thing is, I don’t know why so many people spend too much time trying to outsmart the market or be waiting for that best entry, but later end up watching Bitcoin go higher without them. To be honest, DCA just makes sense for most people, it removes those emotions Ann’s guessing.
And fr, consistency does more than trying to catch every dip perfectly. Even that small buys done regularly can grow into something meaningful after some years, especially when you stay patient and don’t panic react to those short term price movements.
Meanwhile discretionary income is the real backbone of it all. You don’t need to force huge investments, just steady accumulation based on what you can comfortably afford or you will end up going back to ur stack.

This type of short-term trading mentality is more common among new and inexperienced traders. Because they invest in the wrong crypto in the beginning and then invest in Bitcoin with that wrong mindset. Those who do not have the right idea in the beginning want to use Bitcoin as a trading tool, which is a completely uncertain matter. Because there is no way to know what the price of Bitcoin will be in the short term. So they put themselves in danger by trading for a short period of time.

True, that short term mindset is very common with beginners because many of them enter Bitcoin with a trading mentality instead of an investment mentality…. So they keep focusing too much on quick profits and short term price movements..

But that mindset can actually be put aside though, and honestly it has to be put aside if someone wants to build a more sustainable Bitcoin investment journey… That is one good thing about this forum too, you constantly get exposed to better ways of approaching Bitcoin investment from different experienced people.. Over time, you just consciously and subconsciously start adopting a more proper long term mindset naturally..

[SuperBitMan]

I believe a huge part of what JJG said in his outline is consistency is more important than trying to beat the market. DCA is effective, because it eliminates emotions and market timing. In the meantime, there is always the danger of missing the opportunities while Bitcoin keeps climbing up as an investor keeps awaits for the “perfect dip”. Meanwhile, discretionary income is the main factor involved. No one can sustain a regular investing program without some regular cash flow. The most important factors are taking a conservative buys on-sale approach based on your means and holding on to them for many years. and not getting caught up in trying to time the price movements too short term.

The thing is, I don’t know why so many people spend too much time trying to outsmart the market or be waiting for that best entry, but later end up watching Bitcoin go higher without them. To be honest, DCA just makes sense for most people, it removes those emotions Ann’s guessing.
And fr, consistency does more than trying to catch every dip perfectly. Even that small buys done regularly can grow into something meaningful after some years, especially when you stay patient and don’t panic react to those short term price movements.
Meanwhile discretionary income is the real backbone of it all. You don’t need to force huge investments, just steady accumulation based on what you can comfortably afford or you will end up going back to ur stack.

This type of short-term trading mentality is more common among new and inexperienced traders. Because they invest in the wrong crypto in the beginning and then invest in Bitcoin with that wrong mindset. Those who do not have the right idea in the beginning want to use Bitcoin as a trading tool, which is a completely uncertain matter. Because there is no way to know what the price of Bitcoin will be in the short term. So they put themselves in danger by trading for a short period of time.

One thing I believe is that anyone who is trading bitcoin for a short term we actually come back to long-term because when he keeps losing, he we understand better. I usually don’t force those who are trading bitcoin to stop it. I will allow you to continue but as time goes on, you will stop it on your own because you have seen it is not profitable. A lot of my friends were into bitcoin trading before but they decided to stop because they are not getting what they were expecting to get, the risk in bitcoin trading is much and if you know, a friend who is into long-term investment, you will find out that he is doing more better than you are doing. I’m not saying that those who are trading bitcoin don’t gain, but those who are in into long-term bitcoin investment usually gain more in the long run.

[BRINIRHA]

By “taking a break,” I mean stopping for a while the idea is to try to avoid it, but if the situation becomes very difficult taking a temporary break is fine. I agree with what you said: we can look for ways to increase our own income when our finances start to become unstable.
With DCA, the amount is already set and done consistently but if finances are unstable it’s okay to reduce the amount so it’s different from before.

I don't see this as a good thing because when you buy bitcoin and try to focus but there are several things that make your purchase stop it just shows that you are not mature in the initial planning and this can happen for several reasons such as you cannot manage your cash flow properly.

So by looking at this temporarily stopping maybe for some people it could be the answer but for me instead of doing this it would be better for you to focus on evaluating in improving your cash flow arrangements and minimizing things that are not needed.
Buying can still be done but you must try to manage cash flow well first and discipline yourself in your financial management because I believe when someone wants to try to invest especially to be in bitcoin in the long run they must have a foundation in good cash flow first and if that fails then it is certain that financial management including in managing income funds, living expenses with their discretionary funds is really bad.

Doing DCA is not only about purchases made against bitcoin but organizing our cash flow well in advance so that purchases can be made because if that does not happen then something like this is where failure will be felt.