JJG’s Outline of Bitcoin Investment Ideas

[Cossyblack]

Well, You are very much on point infact you just said something that people should know, I have seen on many occasions where most people here emphasize on stabe in income and source of income as if it guarantees anything, I think with what you said, those that think that they major thing about Bitcoin investment is how much someone earns and how stable ones income is, I don't know if maybe I have mentioned this before, Bitcoin investment is just common sense, the amount you earn is not what matters rather the major thing is being able to apply financial management very well, no matter the amount we earn, our discreationary income is what we should be looking for to invest in Bitcoin and once that is not properly figured out, it means such person has no place in Bitcoin investment.

You correct. An investor doesn't need have a stable income or a source of income before he can invest in bitcoin rather a discretionary income. If he has a discretionary income but he hasn't secured a source of income yet, he can invest in Bitcoin from his discretionary income and later seek for a job as his source income to support his bitcoin investment. However, in a scenario where there is no available discretionary income in his purse,he shouldn't invest but wait untill he has figure out his discretionary income. Because without discretionary income he cannot invest in bitcoin,any investment done outside of his discretionary income is gambling and not investment.

[SPIDERMAN008]

Well, You are very much on point infact you just said something that people should know, I have seen on many occasions where most people here emphasize on stabe in income and source of income as if it guarantees anything, I think with what you said, those that think that they major thing about Bitcoin investment is how much someone earns and how stable ones income is, I don't know if maybe I have mentioned this before, Bitcoin investment is just common sense, the amount you earn is not what matters rather the major thing is being able to apply financial management very well, no matter the amount we earn, our discreationary income is what we should be looking for to invest in Bitcoin and once that is not properly figured out, it means such person has no place in Bitcoin investment.

You correct. An investor doesn't need have a stable income or a source of income before he can invest in bitcoin rather a discretionary income. If he has a discretionary income but he hasn't secured a source of income yet, he can invest in Bitcoin from his discretionary income and later seek for a job as his source income to support his bitcoin investment. However, in a scenario where there is no available discretionary income in his purse,he shouldn't invest but wait untill he has figure out his discretionary income. Because without discretionary income he cannot invest in bitcoin,any investment done outside of his discretionary income is gambling and not investment.

I agree with you that since the purpose of investing in Bitcoin is to hold it for a long time, if you invest in Bitcoin with the necessary money, when a emergency arises in the future, the Bitcoin holding can easily collapse. Therefore, an investor should invest with money that will not be needed for a long time. As a result, there will be no problem if it is locked as a Bitcoin holding for four to ten years or more. Because I have noticed one thing, most investors suffer losses due to investing with the wrong money because it is not possible to keep the necessary money in Bitcoin holding for a long time. Therefore, even if there is no stable income , it is important to have a discretionary income. Many people are associated with different types of income. In that case, if someone has an irregular income,business or temporary job and has extra money beyond his necessary expenses, he can continue investing with that. But having a strong time source is as important for investing in Bitcoin as it is for the future security of one's life. Therefore, everyone should aim to have a strong income source.

[ZeroVinsonN]

What a person is earning shouldn't be what pushes their investment, someone can be earning big but is also spending big at the same time, in a situation like this it's more likely for someone who isn't earning as much but is generating more discretionary income to invest in bitcoin because at the end of the day they person is generating discretionary income from his smaller earning while the person earning more might not be getting any discretionary income, it might not seem likely but it is what's happening, different people have different discretionary incomes, some more than others.

What I think is more important is figuring out your discretionary income to invest with, because since it's what we invest with, it should be what we should be focusing on. If we feels that our discretionary income is too small, and because of that our Bitcoin accumulation will be slow, what we should be doing is looking for and additional source of discretionary income, so that the size of our accumulation will increase, since we will have more money to invest with, but it's very important that no matter what, we should not be tempted to go beyond our discretionary income for any reason, because that is the only way your Bitcoin investment will start facing problems that wouldn't have been in the first place.

There is nothing wrong with starting small. Those that have small amounts of discretionary income shouldn't allow this to stop them from  investing in bitcoin . They can be buying bitcoin using DCA strategy to do so and if they are consistent with the bitcoin accumulation they will be able to build up a good portfolio in bitcoin. It is still possible for those with low discretionary income to work on there source of income and then eventually increase there discretionary income.

There are people who don't understand this you are saying, that is why they have not started their Bitcoin investment because they think and feel they won't be able to accumulate a good portion of Bitcoin but they also forget that they don't really need to buy a large portion of Bitcoin at a time but rather it can be grow gradually using the DCA method. How small discretionary income is should not stop or make someone feel less or not to invest because everyone started small.

The main issue some of the people are facing is that immediately they hear about the price of Bitcoin at that particular time they attend to give up because the amount look huge to them, they don't know that there is any strategy to even starts with and some of them actually knew about the strategy but they feel that they are late and they can't meet up, teaching that is something that will finish, but to me is a very wrong ideology. DCA strategy is actually the best method for any beginner when it comes to bitcoin investment, if really they can be able to realize their discretionary income from his actual income.

People who hear about the price of Bitcoin and tend to give up are the ones that don't have the basic knowledge about Bitcoin because the value of Bitcoin is nothing now compare to what it will become or the height it will get to in the future. When I was about to start accumulating Bitcoin I use to have this thought and mentality that Bitcoin is too high and big for me to use a little amount to buy infact I thought it was impossible for me to buy with a small amount of money but I understood better now.

Anyone who decides not to accumulate bitcoin because they think the price is too high doesn't know what they are doing, over the years everytime the price of bitcoin has seem to be high it has always found a way to go even higher, even with what the current ATH is we are still expecting it to go higher and hit a new ATH eventually, the very driving force for why some people are still accumulating is because the believe bitcoin will climb higher and hit even new ATH.

[Obulis]

This is exactly the mindset I'm kicking against. The moment you start treating dips as buying opportunities, you're still making decisions based on short term price movements. Nobody knows whether today's dip is actually the bottom or just the start of a bigger drop. That's why I prefee to ignore dips and stick to a consistent and fixed DCA plan.
The moment you change your buying habit because of price movements, you're moving away from investing and closer to market timing.

Talking about the highlighted statement in your write up, I think that you are wrong here, the dip will always be an interesting opportunity to accumulate more unit of Bitcoin at a very cheaper rate, so it makes not sense to think that because some investor sees it as an opportunity to buy aggressively and get a huge unit of Bitcoin at a cheaper rate, they are timing the market, no I disagree with such sentiment.
 Buying the dip has never for once be a problem if you are not waiting for it before buying, because as long as it doesn't disrupt your consistent accumulation, it's not a problem, so your ideology about those that sees dip as an opportunity is wrong bro.

I agree that nobody knows where the bottom is, and that's why DCA is a solid strategy. But I don't think buying a dip with extra funds is always market timing. For.me I don't buy dips because I think I have e found the bottom. I buy because the price is lower and I have spare money available.

For me,  I think that finance is what  actually determines the strategy. Because someone with limited funds may stick to DCA only, while someone with extra funds can combine DCA with occasional dip buys. In  the end in both cases, the goal is still the same to accumulate more Bitcoin and hold for the long term.

Buying dips with extra funds is still a form of market timing. You're deciding that the current price is low enough to put in extra money,instead of spreading it out. It might feel right but it can backfire if the dip keeps dipping or you hesitate while waiting for a better entry.
Even with extra cash, the cleanest approach is to stick to consistent DCA or increasing the regular amount you put in (when you have surplus) without trying to time the dips. It keeps things simple and removes emotion.
Cash flow has the power to influence what folks can do, but pure discipline usually wins in the long run.

The fact is just that an investor using DCA strategy who keeps extra funds to buy the dip or increase buying during the dip is not in anyway the same with investors who waits for the dip before they buy Bitcoin. Having extra funds to buy Bitcoin during dip is one of the numerous advantages of DCA strategy and so doesn't mean deviating from DCA strategy but making use of advantages of DCA strategy. Even when DCAing you will still definitely know the price of Bitcoin and that doesn't mean timing the market because it doesn't go with the pressure of buy the dip strategy.

[Baki202]

You correct. An investor doesn't need have a stable income or a source of income before he can invest in bitcoin rather a discretionary income. If he has a discretionary income but he hasn't secured a source of income yet, he can invest in Bitcoin from his discretionary income and later seek for a job as his source income to support his bitcoin investment. However, in a scenario where there is no available discretionary income in his purse,he shouldn't invest but wait untill he has figure out his discretionary income. Because without discretionary income he cannot invest in bitcoin,any investment done outside of his discretionary income is gambling and not investment.

It depends on how buoyant the person is financially, because you cannot conclude that it is not all investors that need income to invest there are people that need income from it, and there is nothing anyone will tell me. There is no way that all fingers will be equal, and now, if all fingers are equal, then let's talk about how DCA has helped a lot of us that dont have enough means, which is why DCA is very effective, and it's not just for income earners but for everyone.

And for you to even be an investor, you have to iron a lot of things out you won't just invest when you don't have any idea. For you to maintain consistency because, to me, what should be taken seriously is consistency, because when you are not, you only remain where you are, and for those who are asking about ways to fight inflation, they need to come and invest their money in bitcoin.

[Ishicryptic]

Well, You are very much on point infact you just said something that people should know, I have seen on many occasions where most people here emphasize on stabe in income and source of income as if it guarantees anything, I think with what you said, those that think that they major thing about Bitcoin investment is how much someone earns and how stable ones income is, I don't know if maybe I have mentioned this before, Bitcoin investment is just common sense, the amount you earn is not what matters rather the major thing is being able to apply financial management very well, no matter the amount we earn, our discreationary income is what we should be looking for to invest in Bitcoin and once that is not properly figured out, it means such person has no place in Bitcoin investment.

You correct. An investor doesn't need have a stable income or a source of income before he can invest in bitcoin rather a discretionary income. If he has a discretionary income but he hasn't secured a source of income yet, he can invest in Bitcoin from his discretionary income and later seek for a job as his source income to support his bitcoin investment. However, in a scenario where there is no available discretionary income in his purse,he shouldn't invest but wait untill he has figure out his discretionary income. Because without discretionary income he cannot invest in bitcoin,any investment done outside of his discretionary income is gambling and not investment.

I don't understand what you're saying, is it that discretionary income is different from a source of income? Discretionary income is not gotten on it's own like what you earn after you do a Job, discretionary income is what is left from your income after you have taken care of your basic needs. I can agree that a Bitcoin investors don't necessarily need a stable income, what matters is that when you get your income whether it is stable or not if you have any leftover after you remove money for your basic needs what remains is discretionary funds. From discretionary wants you can buy Bitcoin, save emergency funds and other discretionary wants.

[Popkon6]

Well, You are very much on point infact you just said something that people should know, I have seen on many occasions where most people here emphasize on stabe in income and source of income as if it guarantees anything, I think with what you said, those that think that they major thing about Bitcoin investment is how much someone earns and how stable ones income is, I don't know if maybe I have mentioned this before, Bitcoin investment is just common sense, the amount you earn is not what matters rather the major thing is being able to apply financial management very well, no matter the amount we earn, our discreationary income is what we should be looking for to invest in Bitcoin and once that is not properly figured out, it means such person has no place in Bitcoin investment.

You correct. An investor doesn't need have a stable income or a source of income before he can invest in bitcoin rather a discretionary income. If he has a discretionary income but he hasn't secured a source of income yet, he can invest in Bitcoin from his discretionary income and later seek for a job as his source income to support his bitcoin investment. However, in a scenario where there is no available discretionary income in his purse,he shouldn't invest but wait untill he has figure out his discretionary income. Because without discretionary income he cannot invest in bitcoin,any investment done outside of his discretionary income is gambling and not investment.

If a person wants, he can definitely invest in Bitcoin, because every person must find his source of income. Because to survive in this world, income is definitely needed, so every person finds a place to earn income, and those who find it can definitely do anything with their passive income, and if they can accept Bitcoin investment, it will definitely be a good plan. Those who invest in Bitcoin for the future will be able to succeed quickly and eliminate financial deficiencies.
Therefore, Bitcoin investment should be sufficient and attractive, so if you buy Bitcoin by following the DCA method, it will definitely be easy for you to keep it for a long time.

[Rockson1]

If a person wants, he can definitely invest in Bitcoin, because every person must find his source of income. Because to survive in this world, income is definitely needed, so every person finds a place to earn income, and those who find it can definitely do anything with their passive income, and if they can accept Bitcoin investment, it will definitely be a good plan. Those who invest in Bitcoin for the future will be able to succeed quickly and eliminate financial deficiencies.
Therefore, Bitcoin investment should be sufficient and attractive, so if you buy Bitcoin by following the DCA method, it will definitely be easy for you to keep it for a long time.

Of course it is not by force to invest in Bitcoin, it is personal decision for anyone to invest in Bitcoin, we know the importance of having a source of income but that is not a criteria to invest in Bitcoin even as important as it is, what we all need to invest in Bitcoin is our discreationary income, once an intending investors is ready to invest and there is discreationary income available, then such investor is good to go, man your words are not convincing as a bitcon investor I must be sincere to you although that your contribution, as for the DCA method, it is the most proven effective method of acumulating bitcon and has never been proven otherwise.

[Rockstarguy]

I agree with your opinion @ZerovinsonN. From what I have seen in real life, a person earning $10.000 and saving $1.000 every month can end up accumulating more Bitcoin than someone earning $50,000 but spending almost everything.

For me, Bitcoin accumulation is not really about how much a person earns, but about how much discretionary income he or she can consistently set aside. Someone  with smaller income with good money management can go further than someone who earn bigger income  but with poor spending habits.

It is not about how much one earns, but the mindset to invest. Even if you earn a low income, it doesn't stop you from investing. These are the mistakes that most people make when it comes to Bitcoin investment because they think it's all about having so much money to invest.
To make value from money is all about how you can manage it; if you find it difficult to manage money, even if one starts earning a huge amount of money, there is a probability that investing will still be a difficult task. Investment is all about mindset and understanding, and it is not just about having money. When you understand why you need to invest in Bitcoin, it will be a priority irrespective of how small your income is.

[Princess Leah]

~~

You correct. An investor doesn't need have a stable income or a source of income before he can invest in bitcoin rather a discretionary income. If he has a discretionary income but he hasn't secured a source of income yet, he can invest in Bitcoin from his discretionary income and later seek for a job as his source income to support his bitcoin investment. However, in a scenario where there is no available discretionary income in his purse,he shouldn't invest but wait untill he has figure out his discretionary income. Because without discretionary income he cannot invest in bitcoin,any investment done outside of his discretionary income is gambling and not investment.

If a person wants, he can definitely invest in Bitcoin, because every person must find his source of income. Because to survive in this world, income is definitely needed, so every person finds a place to earn income, and those who find it can definitely do anything with their passive income, and if they can accept Bitcoin investment, it will definitely be a good plan. Those who invest in Bitcoin for the future will be able to succeed quickly and eliminate financial deficiencies.
Therefore, Bitcoin investment should be sufficient and attractive, so if you buy Bitcoin by following the DCA method, it will definitely be easy for you to keep it for a long time.

A stable income is needed to sustain the cashflow for investment but doesn't really mean that without it someone can't invest in Bitcoin, although it's still very important based on sustainability. Having a discretionary fund without a job is fair enough and an investor can be able to buy atleast but a steady income earner is at more advantage compared to someone with just discretionary funds.

 If you ask a good number of investors the strategy they prefer for invest majority of them would talk about the DCA and how it allows them to be consistent and eliminate the fears of the dip but think about it, how can someone comfortably use that strategy without having a sustainable income that would allow consistency.

[Halifat]

Anyone who decides not to accumulate bitcoin because they think the price is too high doesn't know what they are doing, over the years everytime the price of bitcoin has seem to be high it has always found a way to go even higher, even with what the current ATH is we are still expecting it to go higher and hit a new ATH eventually, the very driving force for why some people are still accumulating is because the believe bitcoin will climb higher and hit even new ATH.

The problem here is that those people that are not willing to accumulate are those that does not have any opportunity, in this world they have different people and based on this kind of category is the reason why a lot are seeing bitcoin investment as something else. That is why they keep on procrastinating in terms of bitcoin investment, some of these people doesn't have access to any fund and they also don't want to encourage anyone. Immediately I see this kind of people, I challenge them I don't collect shit from them because I know what bitcoin is, that is why I always want people around me should really know about Bitcoin.

[Merit.s]

I don't understand what you're saying, is it that discretionary income is different from a source of income? Discretionary income is not gotten on it's own like what you earn after you do a Job, discretionary income is what is left from your income after you have taken care of your basic needs. I can agree that a Bitcoin investors don't necessarily need a stable income, what matters is that when you get your income whether it is stable or not if you have any leftover after you remove money for your basic needs what remains is discretionary funds. From discretionary wants you can buy Bitcoin, save emergency funds and other discretionary wants.

It's not a must for you to get your discretionary income from your income. It's just that any discretionary income that's not from your income wouldn't be consistent or might not last for long. This is why it's good for one to have an income with discretionary income so that, you can keep your bitcoin  accumulation ongoingly till you reach your bitcoin target after key starting.

Your discretionary income can come from money given to you as gift as long as you don't have any pressing needs for it. You can also sell an old property that's of no use to you and is depreciating in value overtime and use the money as your discretionary income to invest in bitcoin. The most important thing is to invest with your discretionary income irrespective of how you get it in order to enable you continue buying and hodli overtime. 

[Comeacross]

You correct. An investor doesn't need have a stable income or a source of income before he can invest in bitcoin rather a discretionary income. If he has a discretionary income but he hasn't secured a source of income yet, he can invest in Bitcoin from his discretionary income and later seek for a job as his source income to support his bitcoin investment. However, in a scenario where there is no available discretionary income in his purse,he shouldn't invest but wait untill he has figure out his discretionary income. Because without discretionary income he cannot invest in bitcoin,any investment done outside of his discretionary income is gambling and not investment.

I agree with you that investors should not wait to be rich before starting but at the same we should know that it's important to wait for basic needs to be covered monthly before starting so this makes it almost impossible to have a discretionary income if you don't have stable source of income.

Discretion income is money left after your needs are met. If you don't have stable sources of income, your needs will consume 100% of your discretionary income (if you already have) and you may possibly go on negative if care is not taken some month. Remember DCA require consistency and with unsuitable sources of income, you are likely to have unstable discretionary income as well and this will make DCA impossible for you. You're likely to be timing the market instead of regular DCA.

[Cgrexp]

Well, You are very much on point infact you just said something that people should know, I have seen on many occasions where most people here emphasize on stabe in income and source of income as if it guarantees anything, I think with what you said, those that think that they major thing about Bitcoin investment is how much someone earns and how stable ones income is, I don't know if maybe I have mentioned this before, Bitcoin investment is just common sense, the amount you earn is not what matters rather the major thing is being able to apply financial management very well, no matter the amount we earn, our discreationary income is what we should be looking for to invest in Bitcoin and once that is not properly figured out, it means such person has no place in Bitcoin investment.

You correct. An investor doesn't need have a stable income or a source of income before he can invest in bitcoin rather a discretionary income. If he has a discretionary income but he hasn't secured a source of income yet, he can invest in Bitcoin from his discretionary income and later seek for a job as his source income to support his bitcoin investment. However, in a scenario where there is no available discretionary income in his purse,he shouldn't invest but wait untill he has figure out his discretionary income. Because without discretionary income he cannot invest in bitcoin,any investment done outside of his discretionary income is gambling and not investment.

If a person wants, he can definitely invest in Bitcoin, because every person must find his source of income. Because to survive in this world, income is definitely needed, so every person finds a place to earn income, and those who find it can definitely do anything with their passive income, and if they can accept Bitcoin investment, it will definitely be a good plan. Those who invest in Bitcoin for the future will be able to succeed quickly and eliminate financial deficiencies.
Therefore, Bitcoin investment should be sufficient and attractive, so if you buy Bitcoin by following the DCA method, it will definitely be easy for you to keep it for a long time.

We can start with the basics, like making sure our expenses are covered, and then set aside a certain amount of money to buy Bitcoin on a weekly or other basis from the remaining money.We can further refine our methods of tracking our income, expenses, collateral, and money invested in Bitcoin to our liking, meaning it’s a good idea to make sure we’re not investing beyond our means and to monitor how our cash flow is doing and whether it’s healthy. The ability to be effectively aggressive in the way we buy Bitcoin on a weekly or other basis depends on the strength of our cash flow management and collateral. So if we have a strong cash flow management practice, we’ll likely have enough room to be more aggressive and to handle any potential mistakes.