JJG’s Outline of Bitcoin Investment Ideas

[Just Say]

Edit....

People can start with just $10 or any other small amount and learn as they go. And along with buying Bitcoin, they can also build their own savings. So a person needs to figure out whether they have a discretionary fund or not. And also calculate their income and expenses. If a person gets a salary of about $500 every two weeks and their basic expenses are about $400 every two weeks, then they will calculate that they have $100 as discretionary fund every two weeks. What I mean by this small example is that needs and responsibilities should be prioritized and then the remaining money should be invested. Investing from discretionary income means that we are making sure that this money is not needed for urgent needs and we are able to afford to lose this money.

You are right that if a person has discretionary income, then he will be eligible to invest any amount in BTC and you have given a correct explanation that people can start investing with $10 or any small amount. I think if everyone had an idea about the USDT to Satoshi converter in general, then maybe they would not have hesitated to choose a small amount and invest, that is, they would not have felt shy and would not have thought that to start investing, they would have to invest so much money at once that the money would buy a lot of Bitcoin. It seems to me that the first goal of any investor should be to first establish the investment, that is, start it, then step by step his investment will become more active and even Bitcoin investment will move forward in a disciplined manner through discretionary income.

[ejikeme24]

You are right that buying the dip actually seems attractive,but the reality is still deep on the market timing, no one can actually predict when the price would be pump or dump there's no any certainty on that perspective and that uncertainty is exactly why many investors who tends to target the dips struggle when they focus too on waiting for the perfect dips. So the reliable approach is to focusing on buying consistently whenever discretionary income are available, and that's why the Dollar cost averaging DCA still remains the most strongest strategies to approach for a long-term holdings and safer for investors. Instead of some should stop relaying on predictions skills and focus on thier income and also discipline. If an investor begins buying bitcoin regularly regardless of the price movement,  it actually removes the stress emotionally on trying to predict or target the perfect time.

personally, buying the dip doesn't seem attractive to me due to the fact that it is time consuming. Just like you said that there's no certainty about when the dip will happen, of course that's the more reason why I don't find it attractive. Majority of the investors who feel buying the dip is the best method for Thier Bitcoin accumulation end up wasting a whole lot of years just to wait for the dip, some started recently why some are yet to get started meanwhile, those of Thier friends that started together with them and have chosing to adopt the DCA is close to achieving Thier investment target. These method of buying the dip delayed a lot of guys from not starting Thier Bitcoin investment quite on time, so  I don't even see anything attractive about this method.

[Ribust]

Why are you keeping money aside to buy a dip ? When you can buy bitcoin with that money immediately instead of keeping that money aside to wait for dip, well whichever way that works for them as long as they’re buying bitcoin consistently, but personally I can’t keep money aside to buy a dip, when I can buy bitcoin through the DCA techniques immediately with that money, instead of keeping money aside to wait for something that is unpredictable because you will never know when a dip is going to come.

I get your point and to be honest, it does make sense too. It is very hard to forecast when the next dip would occur, which is the reason many investors keep holding cash until they find the right moment to buy and see Bitcoin rising continuously without them. That's why DCA is such a favored strategy among crypto investors because it eliminates any guessing or emotional involvement and guarantees regular accumulation of Bitcoin regardless of its price movement.

On the other hand, some crypto investors like to hold a bit of money in case of corrections because that would give them a chance to take advantage of fear and purchase even more coins. No matter which approach you choose, the key here is to follow the plan consistently.

Personally I can only buy a dip when the opportunity presents itself during my accumulation timescale, there is nothing special in buying the dip, which is why I can buy my bitcoin anytime I have my discretionary income available still through the DCA techniques.

In my view, the concept of buying the dip is just an added opportunity and not an essential part of my strategy. As movements in the market are very unpredictable, I would rather go ahead with steady accumulation every time there is some extra money at my disposal. Using the DCA strategy relieves the pressure of timing the market and enables me to accumulate the Bitcoin holdings steadily.

Should any dip occur while I am accumulating my holdings, I can try and use it for my benefit and buy some more but I do not keep excess money in my possession, looking for that moment. As has been proved by history, consistency over time may be more important than getting the perfect entry point.

[Charcol]

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.

Whether a person can invest whenever they want depends on their discretionary income, not on their desire. Expressing a desire to invest is probably one of the best things. But having a desire and having discretionary income are not the same thing. Someone may have the desire to invest, but if they do not have discretionary income, then they are not in a position to invest right now.

It is probably not right to think that just because someone has income, they have investable money. Because someone may have income, but if all their money is gone on food, rent, family, loans, medical care, education or emergency expenses, then they have no discretionary income. And what is needed for investment is discretionary income.

[Jewan420]

Whether a person can invest whenever they want depends on their discretionary income, not on their desire. Expressing a desire to invest is probably one of the best things. But having a desire and having discretionary income are not the same thing. Someone may have the desire to invest, but if they do not have discretionary income, then they are not in a position to invest right now.

It is probably not right to think that just because someone has income, they have investable money. Because someone may have income, but if all their money is gone on food, rent, family, loans, medical care, education or emergency expenses, then they have no discretionary income. And what is needed for investment is discretionary income.

You may be right. Discretionary income is perhaps more important than willpower in Bitcoin investing. However, both are needed in investing. With strong willpower, it is possible to succeed outside the rules at times, but on a small scale and with great risk. However, we should not go to that risk in investing, which can be like gambling.

However, I also think that willpower in investing is important, because this willpower will one day be able to bring you a source of discretionary income from investment income and will create an opportunity for you to invest.

I want to be clear about one thing. As far as I know, discretionary income and discretionary money are not the same. Even if there is no discretionary income, you can invest with discretionary money. Discretionary income is the money that is left after deducting all expenses from your regular income sources. Discretionary money is money that you do not need in the long term, which you are saving in the bank or in your own home. It can be money received from your ancestors or money from selling land or any other asset. In this case we can say that investment can be done even if there is no discretionary income, in this case there must be discretionary money. I could be wrong here!

[SmartCharpa]

one thing is for sure that the price of bitcoin will always continue to go up even though it is down at some point in time. Lea

That’s the belief long term investors have when it comes to Bitcoin. They believe that no matter how much the market falls, the price will still increase one day, which is why they continue to invest. It’s not as if anyone knows what the future holds, but long term investors have seen Bitcoin fall very deeply before, and that did not stopped it from increasing prices again.

I think you misunderstood my point @princessleah. My point was never that bitcoin accumulation is a competition. Because everyone has different responsibilities, expenses, and financial goals.

What I was trying to highlight is that income alone does not tell the full story. Two people can earn the same amount, yet one is able to invest consistently because he manages his money well and creates discretionary income, while the other struggles to do so. At the end of the day, what matters is not how much a person earns, but how much he can comfortably set aside for Bitcoin after taking care of his necessary expenses.

Sure, two people can earn the same amount every month, but that doesn’t mean they have the same expenses. We don’t have to be in a competition with anyone only because we earn the same amount. There is nothing wrong to invest with the money we can afford. Trying to compete with other people may result in a serious financial problem, and put too much stress on yourself.

[KeenanEl19]

Whether a person can invest whenever they want depends on their discretionary income, not on their desire. Expressing a desire to invest is probably one of the best things. But having a desire and having discretionary income are not the same thing. Someone may have the desire to invest, but if they do not have discretionary income, then they are not in a position to invest right now.

It is probably not right to think that just because someone has income, they have investable money. Because someone may have income, but if all their money is gone on food, rent, family, loans, medical care, education or emergency expenses, then they have no discretionary income. And what is needed for investment is discretionary income.

Someone who has discretionary income or disposable income should already be able to invest regardless of the basic needs that have been met, and with this discretionary income used to invest but before that of course must have income first to meet the main needs in everyday life.

Regarding food, rent, family, loans and others that you say these are necessities in life but this will be met with proper money management, someone who already has the intention to invest will try to start with his discretionary income, minimizing expenses is one way that can be done to get discretionary funds that will be used to invest. I believe that when someone has a serious intention, there will be efforts made.

[Silikiem]

Why are you keeping money aside to buy a dip ? When you can buy bitcoin with that money immediately instead of keeping that money aside to wait for dip, well whichever way that works for them as long as they’re buying bitcoin consistently, but personally I can’t keep money aside to buy a dip, when I can buy bitcoin through the DCA techniques immediately with that money, instead of keeping money aside to wait for something that is unpredictable because you will never know when a dip is going to come.

I get your point and to be honest, it does make sense too. It is very hard to forecast when the next dip would occur, which is the reason many investors keep holding cash until they find the right moment to buy and see Bitcoin rising continuously without them. That's why DCA is such a favored strategy among crypto investors because it eliminates any guessing or emotional involvement and guarantees regular accumulation of Bitcoin regardless of its price movement.

On the other hand, some crypto investors like to hold a bit of money in case of corrections because that would give them a chance to take advantage of fear and purchase even more coins. No matter which approach you choose, the key here is to follow the plan consistently.

Personally I can only buy a dip when the opportunity presents itself during my accumulation timescale, there is nothing special in buying the dip, which is why I can buy my bitcoin anytime I have my discretionary income available still through the DCA techniques.

In my view, the concept of buying the dip is just an added opportunity and not an essential part of my strategy. As movements in the market are very unpredictable, I would rather go ahead with steady accumulation every time there is some extra money at my disposal. Using the DCA strategy relieves the pressure of timing the market and enables me to accumulate the Bitcoin holdings steadily.

Should any dip occur while I am accumulating my holdings, I can try and use it for my benefit and buy some more but I do not keep excess money in my possession, looking for that moment. As has been proved by history, consistency over time may be more important than getting the perfect entry point.

Fuck crypto, this is a bitcoin investment thread and not crypto so let’s be careful not to address investors here as crypto investors but be specific to address them as bitcoin investors so that you don’t mislead newbies coming here into investing in shitcoins or scam coins because using the vague term crypto could mean any shitcoin as there are many of them that are not even worth investing in talk more of applying the DCA method on them and holding them for long because they don’t have the long term value, they are mostly pump and dump. It is better to be direct and focus on bitcoin investment as bitcoin have proven over the years to remain one of the most valuable assets to invest in and hold for long term goal.