JJG’s Outline of Bitcoin Investment Ideas

[alankasman]

It is not just about using smaller amounts to do DCA . The most important thing here is if this small amount is the person discretionary income, then they are good to invest it in bitcoin. However, if it happens that this money no matter how small it maybe is not discretionary income shouldn't be used for accumulating bitcoin. Therefore, using money that is not discretionary income for investing in bitcoin no matter how small the amount maybe is same as trading or gambling with bitcoin.

This is true because what is needed in investing is not just a large or small amount but rather the ability to invest with the discretionary funds we have and our consistent attitude in protecting our investments. This is something that many people rarely do. Sometimes by investing large amounts without any regard for the accumulation that has been done through DCA ultimately we don't gain profits from investing but rather losses. This is because we are too busy with other things so the large amount we invest in certainly never protects or cares about the amount we have invested in Bitcoin.

However, with a small amount but a consistent attitude carried out by someone to protect that small amount is very good so that in the end slowly but surely that small amount will become large. This is because the concern for that amount is very worthy of being protected so that for me it is natural for them to be able to reach or achieve the point they want while investing even with a fairly small amount but the way to protect that amount is worth getting it even though basically that person is doing DCA with the discretionary funds they have.

[Barikui1]

when someone receives their monthly salary, they always set aside a small portion for investment and the rest for living expenses with their family.

This particular approach seems like a logical thing to do on the eyes, but it's wrong because any wrong miscalculation will disrupt all your plans and you may later fall back to your bitcoin investment to sorts out those basic needs your have not addressed, so I believe that the best way is by addressing your basic needs first, then anything that is left is what you should be investing with, not the guidelines you are talking about.

There's no need to wait for the remaining money to invest because someone can consistently set aside a small portion to invest, so that over the long term, assets will inevitably grow slowly. Although there are certain advantages to having discretionary income to invest.

Don't be impatient my guy, and I bet you that if you can do the right thing by figuring out your discretionary income first before investing in Bitcoin, the probability of your investment being a success is very high, unlike when you invest from your net income without taking care of your basic needs first.

[The Founding Titan]

If s person decides not to invest with their discretionary income, using the DCA won't do them any good, the first thing about bitcoin investment is that it should be done with our discretionary income, the strategy comes after that, once thst first rule isn't obeyed then pushing forward with claiming that the DCA will work is wrong, if an investor isn't investing with their discretionary income then whatever strategy they are using no longer matters, it will crumble.

Every investor should understand that their Investments are made with discretionary income, meaning the money is not their living expenses, Or what we know as cold money. This is important to note because Investing in Bitcoin is a long term investment, So regular weekly bitcoin purchases are made with discretionary Income.

With discretionary income, We can purchase Bitcoin using various Strategies that are convenient for us, such as dca, Lump sum, or aggressive Buying. Therefore, Investors must know how much funds to allocate to buying Bitcoin, Whether it's 5% or 10%, as long as it doesn't interfere with their daily living expenses.

Aggressive buying isn't a bitcoin investment strategy on its own, you can be using any of the actual investment strategies which includes DCAing, buying the DIP and lump summing and then decide to be aggressive with them.
And even when using the DCA you don't have to stick to buying weekly if your discretionary income can handle it, it's very important to buy bitcoin with only what you can tolerate, if a fixed weekly purchase won't work for you then do what will work, the investment is long term, there is no need to rush yourself too much.

[Yablee0]

I think the rich folk may not necessarily need an emergency fund and reserve fund put in place because they have rich daddy,mummy, friends and rich godfathers that they can rely on in case of emergencies. When face in a real life emergency situation they know they can call on their rich pals for supports but this isn't applicable to everyone because we are not the same, not everyone have rich pals who would back them up in an emergency situation which is why we should have our emergency fund and reserve fund put in place. Bitcoin investment is a personal journey,every investors with different capabilities which is why your emergency fund and reserve funds should be put in place. If others have refuses to build theirs because they have rich daddy and uncles doesn't mean you shouldn't build yours as well.

Because one has people around who may be of help to them should not mean one shouldn't consider having an emergency fund. The people you think you can rely on may disappoint you by not providing assistance in time when you need support.

And this is not a standard to invest in Bitcoin. As an investor, it is expected to make a good financial plan by investing with discretionary income and also to have an emergency fund. You don’t just invest haphazardly without an emergency fund just because you have people who can come through for you, because even when you think you have this advantage, anything can happen. Being financially buoyant or having financial supporters does not warrant one to invest nonchalantly.

Lol, it sounds so funny for someone to be practically hoping on some else in a world that anything is likely possible, your own twin brother can even fail you. Their is a saying that says, what is yours is yours, you can't be building a financial hope on someone you aren't sure of, that's very unreasonable and certainly not advisable as a Bitcoin enthusiast. For you to be ensure of a proper planning structure in your investment journey you have to do things the right way by setting up your own emergency funds yourself and stay independent on your  own so you won't be disappointed when unexpected matter's arises.

[Joeboy]

Nobody should never invest in Bitcoin with money outside of discretionary income. For those who are initially afraid to invest in Bitcoin despite having a high amount of discretionary income or want to take Bitcoin for experiment purpose due to lack of knowledge, then investing in Bitcoin with a low amount may be a good way. In this case, he will not feel much pressure during the investment. Moreover, as he gains knowledge, his confidence in Bitcoin will increase. With confidence, he will be able to increase the DCA amount according to his discretionary income.

And if he invests in Bitcoin and holds it for a long time, the chances of success increase. Trading Bitcoin in the short term is as uncertain as gambling. So if you are thinking of making a profit from Bitcoin, then you must have a mindset of holding it for the long term and plan accordingly. If you want to get rich overnight, the losses will be greater than the gains.

For the 100th time, profit isn't guaranteed even when folks hold for longer time durations... Though holding Bitcoin for long term durations tends to place guys in much more better positions... But then again,  Bitcoin is highly volatile..Surely we seem to have seen periods whereby Bitcoin appreciated and yielded Folks with good returns in the past... But then again you aren't a seer who knows what will become of the price of Bitcoin in years to come... And that's the more reason why it is best that folks invest using only the money that they know for sure that they can afford to lose..

[G_Besar]

It is not just about using smaller amounts to do DCA . The most important thing here is if this small amount is the person discretionary income, then they are good to invest it in bitcoin. However, if it happens that this money no matter how small it maybe is not discretionary income shouldn't be used for accumulating bitcoin. Therefore, using money that is not discretionary income for investing in bitcoin no matter how small the amount maybe is same as trading or gambling with bitcoin.

The amount of capital doesn't matter as long as the money is money that is truly needed and not used for other necessities in life. Because basic needs are something that should be prioritized over other needs, such as in the example of investing. Although investments also need to be focused more consistently, the funds must be funds that are completely free from any other needs. So I clearly agree with what you said, but by now I think many people are already aware of this because most people already use the DCA method when investing in Bitcoin. So we only need to remind beginners or new investors who have started to be interested in Bitcoin investments about this kind of thing so that they don't immediately rush into using certain funds for Bitcoin investments.

[B-BossMan]

Yes, normally, if we are choosing to invest in bitcoin, then our two main kinds of back up funds are emergency funds and reserve funds, and of course, we could have other asset that we are invested into that we could draw from or we might have friend/relatives who might be willing to bail us out or to give us a loan, so some folks might have resources outside of their back up funds that they could draw upon prior to having to tap into their bitcoin.

We likely know that we have priorities in what we might draw upon and some kinds of back up funds (such as other investments) are more liquid than others and some are more volatile than others, and there may well be a lot of guys who get into bitcoin, and they have nearly no other assets or resources (perhaps maybe family that might bail them out, but maybe only for small kinds of bailouts), yet the longer that they are building their bitcoin investment and their various back up funds, they may well also be making other investments that could help them if they were to need to get bailed out, so they would also likely have a hierarchy of priority, including that if they end up buying a house they might be reluctant to sell it unless they had no other choice, so if some of their other assets are less liquid than bitcoin, there may well end up being choices to sell bitcoin rather than attempting to liquidate certain assets that are less liquid than bitcoin.

I agree with this. There are some folks that tends to ignore the emergency funds and reserve funds while investing in bitcoin, and as a long-term investors you really need to keep aside your emergency funds for any unexpected emergency that may comes up, some people may think it's not necessary to have it while investing, but the facts is, having emergency funds when investing into bitcoin gives you a protections from being forced to sell off your bitcoin assets. However we are smarter than one another when it comes to financial planning, some investors actually have other business they invested on outside or aside the bitcoin holdings, so whenever any emergency arrives they have plenty options without tempering thier bitcoin assets and these are still the kinds of investors that enjoy taking an advantage of any dips ,because already they have more discretionary income to use, which serves as an opportunity for them to buy more bitcoin and hold for long term period