JJG’s Outline of Bitcoin Investment Ideas

[IceLincoln]

The goal of long term holding isn't to be as aggressive as possible, but to accumulate BTC in a way you can sustain it over the years. Everyone have  different financial priorities and risk tolerance. Creating  room for savings and other financial needs doesn't make folks less committed to Bitcoin. A steady DCA strategy with an amount you can comfortably afford is more sustainable and makes it easier for folks to stay invested for the long term. Consistency over the years beats aggressive buying

You have made a very good point @ Samadam007 and of course being aggressive is not a must it's individuals choice to decide if they are going to be aggressive with Thier Bitcoin investment or they are going to Stick to that amount they have been investing with, and whatever the case may be, I'm sure that they won't get affected. Because the major reason why we need to be aggressive is so as to enable us achieve our investment target on time but then, we need to examine ourselves very well before taking any decision to avoid messing our investment up. One thing I know for sure is that even without being aggressive we can still get to our investment target.

I agree to what @Samadam007 said, the essence of a guy been aggressive in his Bitcoin accumulation is not because he want to be aggressive, it’s primarily because of the availability of extra cash. Most investors wants to be aggressive but they don’t have the resources to foot it, so they consistently accumulate bit by bit for those guys using the DCA strategy.

It’s not a bad idea reaching your goal before your scheduled time, shows how discipline and committed a guy can be, but if reaching your goal before time will make a guy allocate more than discretionary funds to investing, then it becomes wrong, at some point you might not end up reaching your goal because you must have liquidated your funds because of a certain need or emergency.

Wanting to reach to your investment target on time is never enough reason why anyone should have aggressive in their investment as it sounds more like pressuring yourself to an extend which can possibly lead to being over aggressive which is not good for your investment while trying try to reach your target on time, the focus should not be reaching your target on time though there is nothing wrong with that if it is done without pressure, the focus should more how comfortable you can be even while investing because by so doing you can as well get to your target on time without realizing it, we should also remember that it is not a competition, people can be aggressive but within their means without over doing things.

I think guys shouldn’t set their bitcoin accumulation goals or targets based on time or a specific date. Instead The goal should be in terms of how much bitcoin they want to accumulate.
For example Saying “my goal is to accumulate 1BTC or 0.5btc is better than to say by 2028 I would have 1BTC. Time is one thing that can put people on very high pressure when you feel you’re running out of it, it might cause you to take decisions you wouldn’t normally take.
A Bitcoin accumulation plan should be sustainable, not rushed. Focus on consistently accumulating as much Bitcoin as you reasonably can, and let time work for you rather than against you.

[Grease5000]

Using money that is basically to meet basic needs is not recommended because this investment will be successful with us using our own discretionary funds, right what you said using money to invest is likely not to last long with basically it is money for needs so it is likely that this will be needed in the near future so when invested and there is already a profit then most likely this will end up selling it.

This is the importance of financial management, we have an income that can be spent is not enough because if we can not manage it well yes to meet the needs there may be problems or shortages. What is recommended is to invest with discretionary funds with the aim that the investment is not disturbed, because this will work in the long run.

Saying that there’s already a profit looks kind of misleading because profit is not a guarantee in bitcoin so you can’t be so certain that there’s already a profit due to high volatility of bitcoin, in as much as it has a potential of profit, don’t also forget that it has a potential of loses and making one to lose his investment even more dangerous when investing with a cash you can’t let go for a long term.

I also want to emphasize that profit isn’t the major reason why most of them who invest with cash meant to sort out their basic needs will likely sell off their bitcoin holdings in a short term weather they are in profit or not they are going to be forced to sell quickly because they will surely need money to settle their basic needs when the pressure keep piling up on them because no matter how you try to escape it as a man you cannot escape your basic life expenses such as money for food, rents, shelter, clothing, and payment of other utilities. At this point, they must sell prematurely and even more worse as a result of bitcoins volatility they will likely sell at a huge loss just so they could recoup out some cash to sort out their life basic needs.

Yes, there are risks, but even so, we still have to do our best with our own investments such as by maintaining them or paying attention to a scheduled and measured budget. In addition, do not focus on profits, it is better to pay attention to other things such as our own income that must be considered to remain consistent in investing.

Investing does not mean that it is to fulfill needs in the short term, this is not recommended at all. This investment is done to prepare for the future although on the other hand it can also be helpful in the short term but it is not recommended so that the funds to be invested must use discretionary funds where this will not affect our own needs.

Investing with discretionary income remain one of the best ways to accumulate Bitcoin  because it reduces the chances of being forced to sell your assets to cover daily expenses. Because  if your investment depends on money meant for essential needs or bills, you're more likely to panic or sell at the wrong time when you suddenly need cash.

This is why good financial management comes first. Cover your essential needs, keep an emergency fund, and then use your extra money to invest consistently through DCA. That approach is more sustainable, helps you stay invested through all price conditions and gives your investment enough time to grow.

[alankasman]

Investing with discretionary income remain one of the best ways to accumulate Bitcoin  because it reduces the chances of being forced to sell your assets to cover daily expenses. Because  if your investment depends on money meant for essential needs or bills, you're more likely to panic or sell at the wrong time when you suddenly need cash.

This is why good financial management comes first. Cover your essential needs, keep an emergency fund, and then use your extra money to invest consistently through DCA. That approach is more sustainable, helps you stay invested through all price conditions and gives your investment enough time to grow.

If anyone invests with anything other than discretionary income I think it's only someone with multiple sources of income or additional income. They do so in various ways. When needed there are certainly other things they can do without touching the returns already invested in their future assets. However currently with the income generated by many parties being quite limited I think implementing the pattern you described is the right thing to do by investing with discretionary income or additional income even though the additional income we have is sometimes less than what they have.

This is part of the key to success in achieving your desires or targets. Nowadays without a goal no matter how much income you have it will all be spent on unnecessary things. Therefore anyone who is wise in managing their finances will certainly be successful because there is always a way to spend. This means that non-essential expenses will not be incurred unless it is necessary for personal needs for example desires or needs will certainly be incurred. Therefore we need to start managing our finances now so that our targets can be achieved according to our expectations.

[Proty]

The goal of long term holding isn't to be as aggressive as possible, but to accumulate BTC in a way you can sustain it over the years. Everyone have  different financial priorities and risk tolerance. Creating  room for savings and other financial needs doesn't make folks less committed to Bitcoin. A steady DCA strategy with an amount you can comfortably afford is more sustainable and makes it easier for folks to stay invested for the long term. Consistency over the years beats aggressive buying

You have made a very good point @ Samadam007 and of course being aggressive is not a must it's individuals choice to decide if they are going to be aggressive with Thier Bitcoin investment or they are going to Stick to that amount they have been investing with, and whatever the case may be, I'm sure that they won't get affected. Because the major reason why we need to be aggressive is so as to enable us achieve our investment target on time but then, we need to examine ourselves very well before taking any decision to avoid messing our investment up. One thing I know for sure is that even without being aggressive we can still get to our investment target.

I agree to what @Samadam007 said, the essence of a guy been aggressive in his Bitcoin accumulation is not because he want to be aggressive, it’s primarily because of the availability of extra cash. Most investors wants to be aggressive but they don’t have the resources to foot it, so they consistently accumulate bit by bit for those guys using the DCA strategy.

It’s not a bad idea reaching your goal before your scheduled time, shows how discipline and committed a guy can be, but if reaching your goal before time will make a guy allocate more than discretionary funds to investing, then it becomes wrong, at some point you might not end up reaching your goal because you must have liquidated your funds because of a certain need or emergency.

Wanting to reach to your investment target on time is never enough reason why anyone should have aggressive in their investment as it sounds more like pressuring yourself to an extend which can possibly lead to being over aggressive which is not good for your investment while trying try to reach your target on time, the focus should not be reaching your target on time though there is nothing wrong with that if it is done without pressure, the focus should more how comfortable you can be even while investing because by so doing you can as well get to your target on time without realizing it, we should also remember that it is not a competition, people can be aggressive but within their means without over doing things.

I think guys shouldn’t set their bitcoin accumulation goals or targets based on time or a specific date. Instead The goal should be in terms of how much bitcoin they want to accumulate.
For example Saying “my goal is to accumulate 1BTC or 0.5btc is better than to say by 2028 I would have 1BTC. Time is one thing that can put people on very high pressure when you feel you’re running out of it, it might cause you to take decisions you wouldn’t normally take.
A Bitcoin accumulation plan should be sustainable, not rushed. Focus on consistently accumulating as much Bitcoin as you reasonably can, and let time work for you rather than against you.

There is nothing wrong if an investor decides to set a goal of holding bitcoin for like 10years or more even if they are not able to achieve their goals of buying upto 1 BTC, this doesn't mean they can change or adjust the timeline. Sometimes having a set out timeline may encourage consistentency even if it happens at the end they weren't able to meet up to there target, there is always for them to adjust and to continue with bitcoin accumulation until they are able to achieve there goals.

[johnsaributua]

There is nothing wrong if an investor decides to set a goal of holding bitcoin for like 10years or more even if they are not able to achieve their goals of buying upto 1 BTC, this doesn't mean they can change or adjust the timeline. Sometimes having a set out timeline may encourage consistentency even if it happens at the end they weren't able to meet up to there target, there is always for them to adjust and to continue with bitcoin accumulation until they are able to achieve there goals.

It is a person's right and authority to determine the decisions they will make because for me it is normal for them to do this at that time to make them more focused and consistent in carrying out the goals they have set for the decision to be able to buy 1 BTC even though it has to be done in a way that takes so long for them to do but it is good that there is a way like this because on the one hand they why do it against a decision that many people think will take a long time because they also in carrying out the target of having 1 BTC also do not want to bother themselves in their daily lives for example they also need to eat and also for other needs so they only need the time they set because they will do it consistently against the goals and time they have decided and I am sure they will be able to achieve the target and they also do not force themselves in carrying out the target.

[Futurexxx]

If anyone invests with anything other than discretionary income I think it's only someone with multiple sources of income or additional income.

Having multiple source of income doesn't mean that you can invest blindly away from your discretionary income, because that would be an act of gambling, and besides you need to understand that for an investor to have a multiple source of income doesn't guarantees that he can figure out his discretionary income, so I urge you to kill that notion of investing away from your discretionary income, all because you have several sources of income, that would be an act of gambling that may bring to the end of your Bitcoin investment in f any miscalculation is done.

[Fara Chan]

There is nothing wrong if an investor decides to set a goal of holding bitcoin for like 10years or more even if they are not able to achieve their goals of buying upto 1 BTC, this doesn't mean they can change or adjust the timeline. Sometimes having a set out timeline may encourage consistentency even if it happens at the end they weren't able to meet up to there target, there is always for them to adjust and to continue with bitcoin accumulation until they are able to achieve there goals.

Everyone needs to make adjustments if new circumstances prevent them from achieving their primary goal. However, whether or not a goal is achieved will ultimately be known after the time has elapsed, not before, for example, 10 years or 5 years, depending on their investment journey. Because some people also need to explore new ways to find different paths to achieve their goals if their old methods are no longer effective in the current environment, I believe this is a reasonable thing to do. So, it's okay to change the timeframe as long as it helps you continue investing by continuing to buy Bitcoin without any pressure.

[The Founding Titan]

The goal of long term holding isn't to be as aggressive as possible, but to accumulate BTC in a way you can sustain it over the years. Everyone have  different financial priorities and risk tolerance. Creating  room for savings and other financial needs doesn't make folks less committed to Bitcoin. A steady DCA strategy with an amount you can comfortably afford is more sustainable and makes it easier for folks to stay invested for the long term. Consistency over the years beats aggressive buying

You have made a very good point @ Samadam007 and of course being aggressive is not a must it's individuals choice to decide if they are going to be aggressive with Thier Bitcoin investment or they are going to Stick to that amount they have been investing with, and whatever the case may be, I'm sure that they won't get affected. Because the major reason why we need to be aggressive is so as to enable us achieve our investment target on time but then, we need to examine ourselves very well before taking any decision to avoid messing our investment up. One thing I know for sure is that even without being aggressive we can still get to our investment target.

I agree to what @Samadam007 said, the essence of a guy been aggressive in his Bitcoin accumulation is not because he want to be aggressive, it’s primarily because of the availability of extra cash. Most investors wants to be aggressive but they don’t have the resources to foot it, so they consistently accumulate bit by bit for those guys using the DCA strategy.

It’s not a bad idea reaching your goal before your scheduled time, shows how discipline and committed a guy can be, but if reaching your goal before time will make a guy allocate more than discretionary funds to investing, then it becomes wrong, at some point you might not end up reaching your goal because you must have liquidated your funds because of a certain need or emergency.

Wanting to reach to your investment target on time is never enough reason why anyone should have aggressive in their investment as it sounds more like pressuring yourself to an extend which can possibly lead to being over aggressive which is not good for your investment while trying try to reach your target on time, the focus should not be reaching your target on time though there is nothing wrong with that if it is done without pressure, the focus should more how comfortable you can be even while investing because by so doing you can as well get to your target on time without realizing it, we should also remember that it is not a competition, people can be aggressive but within their means without over doing things.

I think guys shouldn’t set their bitcoin accumulation goals or targets based on time or a specific date. Instead The goal should be in terms of how much bitcoin they want to accumulate.
For example Saying “my goal is to accumulate 1BTC or 0.5btc is better than to say by 2028 I would have 1BTC. Time is one thing that can put people on very high pressure when you feel you’re running out of it, it might cause you to take decisions you wouldn’t normally take.
A Bitcoin accumulation plan should be sustainable, not rushed. Focus on consistently accumulating as much Bitcoin as you reasonably can, and let time work for you rather than against you.

I think their target should be over-accumulation, you can set it at 1BTC and when you've accumulated that much you end up finding out that the amount you have hasn't gotten you to your over-accumulation stage yet, at that point what do you do as an investor? You keep accumulating unless maybe there are other factors that will interfere with you hitting over-accumulation like maybe your age or probably health related then you can maybe stop even though you haven't hit over-accumulation yet.

[BitBakerr1]

I just want to inform everyone on this thread that this is a good time to accumulate more bitcoin and not the time to panic, bitcoin is $60k now and it will go to $100k in the future so don’t forget to accumulate now and if possible accumulate aggressively, if you have an emergency fund and also a reserve funds you can simply use your reserve funds to accumulate more bitcoin now that the price is low, don’t regret later take this opportunity of bitcoin dip and accumulate as much as you can and then hold.
Take this information very seriously and don’t joke with it.

[Gragebox]

I just want to inform everyone on this thread that this is a good time to accumulate more bitcoin and not the time to panic, bitcoin is $60k now and it will go to $100k in the future so don’t forget to accumulate now and if possible accumulate aggressively, if you have an emergency fund and also a reserve funds you can simply use your reserve funds to accumulate more bitcoin now that the price is low, don’t regret later take this opportunity of bitcoin dip and accumulate as much as you can and then hold.
Take this information very seriously and don’t joke with it.

I agree that dips in the market give excellent chances to make investments for the future. Moreover, this can apply to those who have already believed in the future success of Bitcoin. On the other hand, it would be right to pay attention to the necessity not to let emotions take over your financial planning. Additional investment may turn out to be very wise, yet only if you use your savings for the long run. You can use reserve funds for investment if they are meant for it. Meanwhile, emergency funds should not be used because unforeseen circumstances can occur anytime.

Unfortunately, it is impossible to say precisely when Bitcoin will cost $100k despite the belief in its future success. Therefore, such characteristics as patience and risk management are also necessary, along with investment. No matter what, whether one is buying Bitcoin actively or following the DCA strategy, the main thing is to stick to the plan and not to act on emotions. The discipline of an investor is always greater than the enthusiasm.