JJG’s Outline of Bitcoin Investment Ideas

[Umulala-alala]

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

The bold part of your comment seems wrong because based on my little knowledge, I believe that it's not compulsory to acquire a huge cash flow before you/anyone can start buying Bitcoin. If you think it's compulsory then it obvious that you neglect the importance of starting small. There are so many Bitcoin folks today that started buying Bitcoin during the period of time that their cash flow was very low, but a long the process of accumulating more Bitcoin they also created opportunity in other to increase their cash flow.
So what I'm trying to say here is that it's important to start small and it's not mandatory for beginners to have a stable income flow or huge cash flow before they can start buying Bitcoin because that's literally one of the thing that keeps a lot of people from procrastinating and at the end they eventually end up not investing at all. So it's important to start with your little cash flow, the necessary thing to do is invest into Bitcoin through your discretionary income.

Actually the bold part of your comment seems wrong because from my own perspectives you only talked about preparation but the question is what are you preparing for if you can not investing with your little cash flow during the process process of creating another means of generating income.

You must be able to distinguish between huge and good cash flow in this case.
Huge cash flow cannot necessarily make us have good cash flow because in this case large or small is not a measure but it is different when we run a good cash flow where we can put the initial position of the money we have for some basic needs and discretionary funds that we have.
So with this when we have good cash flow (not huge as you notice) we will not have a gap to stop buying because we have prepared the money you want to buy for bitcoin from the start and it does not interfere with other needs including basic needs because what we use comes from the discretionary funds we have.

It's not about having a good cash flow or a huge cash flow the most important thing is having a discretionary income that allows you to invest in bitcoin outside money for your basic needs. Besides aren't you aware that there are people who earn money but have no discretionary income to spare for bitcoin investment? There are persons with good cash flow or huge cash flow with lots of debts and mortgages that they end up not having discretionary income. However it's more important to direct our focus to discretionary than looking at the overall cash flow, though if a folk has good or huge cash flow with wide discretionary income it would definitely be an added advantage to his accumulation because he has the luxury to frontload his investment yet, it's not a necessity that everyone must have good cash flow before they can invest in bitcoin, even the poor has a place in bitcoin provided they have discretionary income irrespective of its size.

Having a huge cash flow or cash flow necessary if actually you want to invest in Bitcoin, it is not an obstacle for you not investing in Bitcoin, no newbies should wait until he have a huge cash flow or cash flow as you may call it before thinking of investing, and there no one preventing you from not having a huge or cash flow, what is necessary now, is how you can use that money you meant to be saving in the bank and invest in Bitcoin.

You mean anyone with out a good cash flow shouldn't think of investing in bitcoin? I think you are wrong here new investor don't have to wait till they have a huge cash flow before they can start buying bitcoin or investing in bitcoin don't get new investor mislead here where by they need to wait first to be rich before they start building there bitcoin portfolio, there is need to increase our cash flow when investing in bitcoin but this doesn't mean that if you don't have a stable income yet that you can't invest in BTC if an investor can figure out his discretionary income he can invest in bitcoin for you have to have a discretionary income to get started with your bitcoin investment and think of increasing your cash flow as you continue using the the dca strategy to buy bitcoin and hodl for long.

[Sticky Bomb]

we cannot be completely confident about how long the BTC price will stay within a certain price range or whether the next breakout will be upward or downward. If we have a fairly strong idea of  the direction . we can adjust our behavior according to our expectations. But even then  we can be wrong. This is why the price can go in any direction, even the opposite of our expectations. We should always be financially or psychologically prepared for this possibility.

We don't need to adjust our activities our strategy based on the price, if we do so, we're timing the market to probably buy a dip instead of remaining consistent with our regular purchases. The adjustment should be made based on our cashflow and our abilities and not because of the price range, for example we can increase our buying amount because we've an income increase or because we were able to cut down certain expenses and could free more income for buying. The focus should be on how to remain consistent and be able to increase our buying amounts and/or our aggressiveness into bitcoin from our comfort zone and not because we are expecting a price decline, else we're gradually drifting towards the trading mentality.

In particular, the impact depends more on the level of our own aggressiveness and savings status. In the early stages of Bitcoin accumulation, most people focus on continuously saving through purchases and will not take much of a break from their savings. They may only take a break if their income decreases or their expenses increase, and then sometimes they can take some steps to increase their income or reduce their expenses. Everyone has to find a solution to this, whether they will continue to buy continuously or change their strategy and stop buying continuously.

If your income decreases, but you still have discretionary income from it, then you may want to cut down your buying amounts to suit your new cashflow, if you cannot identify to having discretionary income anymore, the best shot is to stop buying and continue holding so you don't use money meant for your expenses or use your backup fund to sustain your periodic buys, at least until you're able to get back to earning higher and being able to identify to having discretionary income.

[Alonso_]

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

The bold part of your comment seems wrong because based on my little knowledge, I believe that it's not compulsory to acquire a huge cash flow before you/anyone can start buying Bitcoin. If you think it's compulsory then it obvious that you neglect the importance of starting small. There are so many Bitcoin folks today that started buying Bitcoin during the period of time that their cash flow was very low, but a long the process of accumulating more Bitcoin they also created opportunity in other to increase their cash flow.
So what I'm trying to say here is that it's important to start small and it's not mandatory for beginners to have a stable income flow or huge cash flow before they can start buying Bitcoin because that's literally one of the thing that keeps a lot of people from procrastinating and at the end they eventually end up not investing at all. So it's important to start with your little cash flow, the necessary thing to do is invest into Bitcoin through your discretionary income.

Actually the bold part of your comment seems wrong because from my own perspectives you only talked about preparation but the question is what are you preparing for if you can not investing with your little cash flow during the process process of creating another means of generating income.

You must be able to distinguish between huge and good cash flow in this case.
Huge cash flow cannot necessarily make us have good cash flow because in this case large or small is not a measure but it is different when we run a good cash flow where we can put the initial position of the money we have for some basic needs and discretionary funds that we have.
So with this when we have good cash flow (not huge as you notice) we will not have a gap to stop buying because we have prepared the money you want to buy for bitcoin from the start and it does not interfere with other needs including basic needs because what we use comes from the discretionary funds we have.

It's not about having a good cash flow or a huge cash flow the most important thing is having a discretionary income that allows you to invest in bitcoin outside money for your basic needs. Besides aren't you aware that there are people who earn money but have no discretionary income to spare for bitcoin investment? There are persons with good cash flow or huge cash flow with lots of debts and mortgages that they end up not having discretionary income. However it's more important to direct our focus to discretionary than looking at the overall cash flow, though if a folk has good or huge cash flow with wide discretionary income it would definitely be an added advantage to his accumulation because he has the luxury to frontload his investment yet, it's not a necessity that everyone must have good cash flow before they can invest in bitcoin, even the poor has a place in bitcoin provided they have discretionary income irrespective of its size.

Having a huge cash flow or cash flow necessary if actually you want to invest in Bitcoin, it is not an obstacle for you not investing in Bitcoin, no newbies should wait until he have a huge cash flow or cash flow as you may call it before thinking of investing, and there no one preventing you from not having a huge or cash flow, what is necessary now, is how you can use that money you meant to be saving in the bank and invest in Bitcoin.

You’re very correct, having a huge cashflow is not a criteria for getting started in investing in Bitcoin, what is mostly important and we can say that it’s a necessity is actually having some money to keep buying bitcoin more efficiently and that is a discretionary money, when you get started it gives you an opportunity to stay consistent, well if you can increase your cashflow then that is fine and good for you that you’re getting started in also working in your cashflow and that would obviously help to increase your numbers of buying bitcoin instead of staying stagnant, so as an investor or a newbie that have a huge cashflow that is also good and doesn’t stop anyone from getting started and that isn’t a criteria for getting started, you can still start buying little by little on a consistent basis, which is also more efficient.

[OsaiEmma]

You’re very correct, having a huge cashflow is not a criteria for getting started in investing in Bitcoin, what is mostly important and we can say that it’s a necessity is actually having some money to keep buying bitcoin more efficiently and that is a discretionary money, when you get started it gives you an opportunity to stay consistent, well if you can increase your cashflow then that is fine and good for you that you’re getting started in also working in your cashflow and that would obviously help to increase your numbers of buying bitcoin instead of staying stagnant, so as an investor or a newbie that have a huge cashflow that is also good and doesn’t stop anyone from getting started and that isn’t a criteria for getting started, you can still start buying little by little on a consistent basis, which is also more efficient.

But then again, the definition of 'huge cash flow' varies from person to person. D idea is about having a good enough cash flow that after solving ur problems, can still have what u keep by d side. But I do always see savings as a mandatory thing to do with my funds. If after settling my bills, I save a particular amoun I intend to savet, if that amount is not realized, and there is no excess after saving that amount, I don't invest.

If maybe after sometimes, I feel like ok, the savings is up to a point I can afford to invest, then I'll deep my hands into it and invest, I don't call my savings a discretionary funds at all, it is completely different, it is like a must, but it is not at the top of my priorities, bills and debts are.

I feel it is really unwise to go into a long term investment being in debt or having pilled up bills, I think it is also not a good idea to me personally if I don't have any savings and I'm going into a long term investment, unless that investment will be bringing money to me ASAP. Long term investment here is an investment whose ROI will take a very long time.

[Big Dirams]

You’re very correct, having a huge cashflow is not a criteria for getting started in investing in Bitcoin, what is mostly important and we can say that it’s a necessity is actually having some money to keep buying bitcoin more efficiently and that is a discretionary money, when you get started it gives you an opportunity to stay consistent, well if you can increase your cashflow then that is fine and good for you that you’re getting started in also working in your cashflow and that would obviously help to increase your numbers of buying bitcoin instead of staying stagnant, so as an investor or a newbie that have a huge cashflow that is also good and doesn’t stop anyone from getting started and that isn’t a criteria for getting started, you can still start buying little by little on a consistent basis, which is also more efficient.

Having a huge amount of cash flow doesn’t guarantee a consistent accumulation of bitcoin instead what counts most is that we setting aside a discretionary income which will help us in consistent accumulation of bitcoin for future purposes. Even if we have huge amount of money if it won’t keep our consistent accumulation in check then such approach towards bitcoin investment would later run out because we would later end up missing out a lot of opportunities in the future because no more funds for steady accumulation so let make sure we have the discretionary funds set aside for constant accumulation and growth.

But then again, the definition of 'huge cash flow' varies from person to person. D idea is about having a good enough cash flow that after solving ur problems, can still have what u keep by d side. But I do always see savings as a mandatory thing to do with my funds. If after settling my bills, I save a particular amoun I intend to savet, if that amount is not realized, and there is no excess after saving that amount, I don't invest.

If maybe after sometimes, I feel like ok, the savings is up to a point I can afford to invest, then I'll deep my hands into it and invest, I don't call my savings a discretionary funds at all, it is completely different, it is like a must, but it is not at the top of my priorities, bills and debts are.

I feel it is really unwise to go into a long term investment being in debt or having pilled up bills  I think it is also not a good idea to me personally if I don't have any savings and I'm going into a long term investment, unless that investment will be bringing money to me ASAP. Long term investment here is an investment whose ROI will take a very long time.

I think you are getting this discretionary income confused and that not a smart idea. You made mention that “it unwise to go into a long term investment being in debt or having bills pilled up”.
Well let me remind about what discretionary income is all about I bet you have forgotten the real meaning of it. Discretionary income are funds that remains after sorting out our bills and necessities so investing with discretionary income shows that you have no bills untouched or no bills pilled up all have been settled.

 And also you assuming you can’t go into investing without your savings reaching some point then it just procrastination and in bitcoin investment procrastination isn’t what one showed priorities. Invest as soon as possible stop wasting time so long you have your discretionary income then start as soon as possible and no need for waiting for your savings to hit so certain figure with DCA we don’t need to wait we can start with the little we have and keep accumulating. No procrastination apply DCA and start as soon as possible mate.

[alankasman]

You’re very correct, having a huge cashflow is not a criteria for getting started in investing in Bitcoin, what is mostly important and we can say that it’s a necessity is actually having some money to keep buying bitcoin more efficiently and that is a discretionary money, when you get started it gives you an opportunity to stay consistent, well if you can increase your cashflow then that is fine and good for you that you’re getting started in also working in your cashflow and that would obviously help to increase your numbers of buying bitcoin instead of staying stagnant, so as an investor or a newbie that have a huge cashflow that is also good and doesn’t stop anyone from getting started and that isn’t a criteria for getting started, you can still start buying little by little on a consistent basis, which is also more efficient.

Sometimes people misunderstand and think that everyone with a large amount of finances or capital will have an easier time when in fact anyone with a large cash flow can do it. What's important to understand is that having a large cash flow doesn't necessarily mean someone will easily buy Bitcoin to increase their investment.

Sometimes the cash flow that a person has is not only for making purchases on Bitcoin but there are still many things that they have to pay off and for me if you have a healthy cash flow what needs to be done is to remain consistent in protecting that cash flow and if possible do it in a place that can be beneficial to that person either to open a business or invest in Bitcoin by accumulating Bitcoin using the DCA system with the aim that the cash flow that we have will become an asset for that person in the future and also there is no problem that is so fast for anyone who has a lot of cash flow whether it is owned by young people, old and also for those beginners who have just found out about Bitcoin investment and I also really agree with what is done by someone who has cash flow by doing it either slowly or aggressively which is clearly no significant problem for those who buy Bitcoin to start investing.

[Byebyebtc]

You’re very correct, having a huge cashflow is not a criteria for getting started in investing in Bitcoin, what is mostly important and we can say that it’s a necessity is actually having some money to keep buying bitcoin more efficiently and that is a discretionary money, when you get started it gives you an opportunity to stay consistent, well if you can increase your cashflow then that is fine and good for you that you’re getting started in also working in your cashflow and that would obviously help to increase your numbers of buying bitcoin instead of staying stagnant, so as an investor or a newbie that have a huge cashflow that is also good and doesn’t stop anyone from getting started and that isn’t a criteria for getting started, you can still start buying little by little on a consistent basis, which is also more efficient.

First of all your cash flow doesn't have to be huge,
Secondly even as you have to have a cash flow, that doesn't have to limit one to invest into Bitcoin,

If newbies or beginners have this mindset of having a huge cash flow then it will definitely discourage them from investing,
As long as you have a job, and you have some significant amount of earning that can produce a discretionary income, then you are good to go, you can totally invest in bitcoin.and you can also be consistent since you have a job that will be paying you weekly or monthly.