JJG’s Outline of Bitcoin Investment Ideas

[Fash33]

A lot of folks invest in bitcoin today because there believe is that bitcoin will improve their financial future over a long time, yes, but that belief should be supported by good financial planning, because bitcoin has a long term potential but there is not 100% guarantees, and as a you investor you should add it to your plan that life circumstances can change at any time,  unexpected expenses may raise up which may force someone to even stop the investing for a while, that is why is very necessary to only have your discretionary income invested and also have emergency fund aside before committed to long term plan. Because a long term investment works more when it match your financial situation that allows you stay consistent without putting unnecessary pressure on yourself.

You don't need to first have your emergency funds aside before you can decide to be committed to long term investment. In the beginning of you bitcoin investment is when you should have the long term investment mindset so that, it can allow you slowly accumulate bitcoin with part of your discretionary income using DCA and figure out your cash inflow as you learn along side and at the same time build your emergency funds.

When you have a long term investment mindset, it will allow you to have plans of staying in the accumulation game for long and you will focus on building your emergency funds and other backup funds simultaneously with your bitcoin investment without rushing as you invest comfortably.

If you want to wait till you build your emergency funds before you will be committed to long term investment, it might make you focus more on building your emergency funds first instead of building it simultaneously, with your bitcoin investment and that will waste a lot of time for you will limit the quantity of bitcoin you should have bought earlier as you started your bitcoin investment.

You are right, as a investor there is no need to wait until you build your emergency funds available before you commit to long term bitcoin investment, one thing that should first come to your mind is to develop a long term mindset from beginning. When accumulating bitcoin gradually through DCA and using some part of your discretionary income to building emergency funds at same time, with this approach it allows you to start your investment early without neglecting your financial safety, both the emergency and bitcoin investment can be build alongside without waiting to build emergency funds before start, what matters most is consistency, patience and proper planning.

[impulse709]

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Your explanation is mixing different things and it can confuse new investors. Long term plan should not depend thinking you know when the market is cheap or when bigger profit is coming. Also, buying more is a personal choice… it’s not something every investor does. Nobody can predict correctly what the price will do next, so why the unnecessary headache ? Instead of troubling yourself trying to predict something you can’t control, just tell them to stay consistent with their investment plan, manage their money very well and avoid making any decision that is based on assumptions about future price or profit, simple!

Predicting Bitcoin that is so volatile at this stage is somehow to the hear because the Bitcoin movement is what we can not actually tell or predict for certain where it will be heading in the next seconds or minute. However, the only best and advisable way is to figure out a discrestionary income ( money we can afford to lose which is also known as leftovers) and use the DCA method faithfully or regularly with the long term mindset.

I think that currently the market movement is in the ups and downs regarding market prices so that with the occurrence of market movements like that, we have to admit that we cannot predict the prices that will occur for some time in the future so that what you said is true that currently our task is only to make purchases if we have the discretionary income that we have and this aims to not think too much about market movements that sometimes occur in decline so after understanding what you said, it makes us personally for the future only better to focus on purchases by following the DCA pattern which is the main strategy for all parties who invest in Bitcoin which is of course very regular.

People around here will tell you that I'm right in stating that consistency is far more important than trying to predict what Bitcoin is going to do next. There is always a rise and fall in price and no one can predict precisely every bull or bear market. However, it makes sense for most investors to use some of their discretionary income and follow a regular DCA plan. However. DCA is not a rule that must be followed by everyone. It is a strategy. Investors will need to select a strategy that suits their financial position and appetite for risk. The most important thing is to have a long-term perspective. Not making rash moves based on emotion. And sticking to the investment plan.

[Comeacross]

One of the most effective ways to avoid emotional stress in Bitcoin investing is to only invest what you can afford, or discretionary income. But I do believe that people should not say that holding long-term will lead to profit - as nobody can be certain about the future. History has proven that those who managed to stick with the investment and not panic sell had better results than those who wanted a quick get rich scheme. It's a sensible strategy to start a small DCA scheme and keep educating yourself about Bitcoin. The focus should be on good risk management. Realistic expectations and consistency rather than attempting to anticipate where the price will be years later.

Bitcoin is a volatile asset that no one can predict it future price. We can only speculate based on trends and it can be near accurate or totally wrong some time. Assuring guarantee profit for holding long term is indirectly setting newbies for disappointment in case things go opposite direction. Historically, bitcoin usually reward those who hold through multiple cycles but it comes with sacrifice and patience. Yet, they refuse to sell out of fear and that's how "invest what you can afford to lose" comes in. You won't be able to hold during brutal drawdowns if you invest with money you can not afford to lose, you'll obviously panic and sell at loss.

Likely many of us invest into bitcoin based on beliefs that it is likely that we will be better off 4-10 years or longer for having had invested into bitcoin, as compared with if we had not.

Of course, there are no guarantees about bitcoin's price direction, and some times even within the path of investing into bitcoin, there could be situations in which the circumstances change and the ways of investing might need to change or even that the investment into bitcoin might need to be abandoned based on changes in personal financial and/or psychological circumstances, including even age and/or health reasons.

It seems that if younger folks are coming into bitcoin, then if they are actually considering bitcoin as an investment rather than a trade, then they would likely have a timeline that is 10 years or more, yet we know that some folks are not able to commit for 10 years or more, maybe based on age and/or health reasons or even based on lack of conviction that they may or may not be able to resolve, even with further study and investigation into bitcoin and attempting to solidify their cashflow management systems/practices.

Some of us, not all are here based on our belief that holding for a long time we'll likely be better off having allocated some capital to it than not but unfortunately likely does not mean certainly. Even though history shows it has rewarded long term holders so far but there's no guarantee it must continue that way, everything is just speculation.

On conviction and timeliness, we aren't all the same either due to circumstances. Some people are likely to hold for multiple cycles while others may not have that luxury but there's nothing much to worry about that either because bitcoin is supposed to give you relief and not to add to your problems. The important thing is applying risk management and willing to adjust when a situation for adjustment occurs.

[Jostern]

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Your explanation is mixing different things and it can confuse new investors. Long term plan should not depend thinking you know when the market is cheap or when bigger profit is coming. Also, buying more is a personal choice… it’s not something every investor does. Nobody can predict correctly what the price will do next, so why the unnecessary headache ? Instead of troubling yourself trying to predict something you can’t control, just tell them to stay consistent with their investment plan, manage their money very well and avoid making any decision that is based on assumptions about future price or profit, simple!

Predicting Bitcoin that is so volatile at this stage is somehow to the hear because the Bitcoin movement is what we can not actually tell or predict for certain where it will be heading in the next seconds or minute. However, the only best and advisable way is to figure out a discrestionary income ( money we can afford to lose which is also known as leftovers) and use the DCA method faithfully or regularly with the long term mindset.

I think that currently the market movement is in the ups and downs regarding market prices so that with the occurrence of market movements like that, we have to admit that we cannot predict the prices that will occur for some time in the future so that what you said is true that currently our task is only to make purchases if we have the discretionary income that we have and this aims to not think too much about market movements that sometimes occur in decline so after understanding what you said, it makes us personally for the future only better to focus on purchases by following the DCA pattern which is the main strategy for all parties who invest in Bitcoin which is of course very regular.

Even though that we have a situation like this, where the market keeps fluctuating, which means going up and down, I still doesn’t mean that people can’t keep buying bitcoin or a regular basis, instead it provides a different opportunities to keep buying and accumulating bitcoin, there is nothing anyone can do about the volatility nature of bitcoin, what me personally as an investor would do is to keep buying bitcoin on a regular basis, the market have always been in such a way that you can’t predict what is going to happen, people can only speculate about bitcoin, but it doesn’t show any sense of urgency.

[Grease5000]

A lot of folks invest in bitcoin today because there believe is that bitcoin will improve their financial future over a long time, yes, but that belief should be supported by good financial planning, because bitcoin has a long term potential but there is not 100% guarantees, and as a you investor you should add it to your plan that life circumstances can change at any time,  unexpected expenses may raise up which may force someone to even stop the investing for a while, that is why is very necessary to only have your discretionary income invested and also have emergency fund aside before committed to long term plan. Because a long term investment works more when it match your financial situation that allows you stay consistent without putting unnecessary pressure on yourself.

You don't need to first have your emergency funds aside before you can decide to be committed to long term investment. In the beginning of you bitcoin investment is when you should have the long term investment mindset so that, it can allow you slowly accumulate bitcoin with part of your discretionary income using DCA and figure out your cash inflow as you learn along side and at the same time build your emergency funds.

When you have a long term investment mindset, it will allow you to have plans of staying in the accumulation game for long and you will focus on building your emergency funds and other backup funds simultaneously with your bitcoin investment without rushing as you invest comfortably.

If you want to wait till you build your emergency funds before you will be committed to long term investment, it might make you focus more on building your emergency funds first instead of building it simultaneously, with your bitcoin investment and that will waste a lot of time for you will limit the quantity of bitcoin you should have bought earlier as you started your bitcoin investment.

You are right, as a investor there is no need to wait until you build your emergency funds available before you commit to long term bitcoin investment, one thing that should first come to your mind is to develop a long term mindset from beginning. When accumulating bitcoin gradually through DCA and using some part of your discretionary income to building emergency funds at same time, with this approach it allows you to start your investment early without neglecting your financial safety, both the emergency and bitcoin investment can be build alongside without waiting to build emergency funds before start, what matters most is consistency, patience and proper planning.

You are right that belief alone is not enough. For me, the biggest advantage an investor  can have is putting themselves in a position where they can keep accumulating for years. That's why  I only invest  using discretionary income because life will always bring unexpected expenses, and if someone don't plan for them, their Bitcoin could become the first thing they will sell. And an emergency fund is not  there because investors  expect problems every day,  it is there to protect  long term investment when an emergency situations eventually happen.

[Silikiem]

...

Your explanation is mixing different things and it can confuse new investors. Long term plan should not depend thinking you know when the market is cheap or when bigger profit is coming. Also, buying more is a personal choice… it’s not something every investor does. Nobody can predict correctly what the price will do next, so why the unnecessary headache ? Instead of troubling yourself trying to predict something you can’t control, just tell them to stay consistent with their investment plan, manage their money very well and avoid making any decision that is based on assumptions about future price or profit, simple!

Predicting Bitcoin that is so volatile at this stage is somehow to the hear because the Bitcoin movement is what we can not actually tell or predict for certain where it will be heading in the next seconds or minute. However, the only best and advisable way is to figure out a discrestionary income ( money we can afford to lose which is also known as leftovers) and use the DCA method faithfully or regularly with the long term mindset.

I think that currently the market movement is in the ups and downs regarding market prices so that with the occurrence of market movements like that, we have to admit that we cannot predict the prices that will occur for some time in the future so that what you said is true that currently our task is only to make purchases if we have the discretionary income that we have and this aims to not think too much about market movements that sometimes occur in decline so after understanding what you said, it makes us personally for the future only better to focus on purchases by following the DCA pattern which is the main strategy for all parties who invest in Bitcoin which is of course very regular.

People around here will tell you that I'm right in stating that consistency is far more important than trying to predict what Bitcoin is going to do next. There is always a rise and fall in price and no one can predict precisely every bull or bear market. However, it makes sense for most investors to use some of their discretionary income and follow a regular DCA plan. However. DCA is not a rule that must be followed by everyone. It is a strategy. Investors will need to select a strategy that suits their financial position and appetite for risk. The most important thing is to have a long-term perspective. Not making rash moves based on emotion. And sticking to the investment plan.

Ultimately, most investors seems to favour the use of the DCA strategy because it is a financial friendly approach for its users towards investing in bitcoin. The DCA strategy can be employed by investors of different financial capabilities as what they only need to invest is a discretionary income for making their purchases which means it allows investors to buy bitcoin at any time they have a discretionary income available at their disposal. It is equally a risk management approach which help investors to mitigate the impact of the risk associated with bitcoin volatility as they are spreading their purchases over time either weekly or monthly basis and most times depending on how their discretionary income flows. I think investors planning on a long term investment then the DCA should be their anchor.

[SmartCharpa]

A lot of folks invest in bitcoin today because there believe is that bitcoin will improve their financial future over a long time, yes, but that belief should be supported by good financial planning, because bitcoin has a long term potential but there is not 100% guarantees, and as a you investor you should add it to your plan that life circumstances can change at any time,  unexpected expenses may raise up which may force someone to even stop the investing for a while, that is why is very necessary to only have your discretionary income invested and also have emergency fund aside before committed to long term plan. Because a long term investment works more when it match your financial situation that allows you stay consistent without putting unnecessary pressure on yourself.

Sure, long term investment becomes much easier when the individual is not accumulating with more than they can afford or outside their discretionary funds, because they will stay consistent with their accumulation journey without feeling any pressure whenever the price changes. Bitcoin is a volatile asset, so when you invest outside your discretionary income, you will look worried with every slight change in the market.

Moreover, do you mean those who cannot afford to have an emergency fund from the beginning of their investment should only have a short term mindset? Only those who don’t believe in Bitcoin will have that mindset. If you decide to have an emergency fund before planning a long term investment, you are just wasting your time because it’s not necessary to have an emergency fund from the beginning of having a long term mindset. You can also build your emergency fund along the way while you continue to invest.

[IceLincoln]

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.

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 is not an investment method. For example, aggressive investing is done when a person thinks that the market price is very low now or is currently much lower than it was at other times, so we do not consider it as an investment method. However, usually aggressive buying is done along with other buying methods, such as during the DCA method, when there is a big decline in the market, everyone buys aggressively because at that time when the investor buys more, he will be able to profit much more later.

You sound confused about what you’re saying and clearly you don’t understand aggressive buying. I think the earlier comments on this page of the thread already addressed this issue of aggressive buying that you’re trying to complicate.
Aggressive buying isn’t defined by a market downtrend but on the availability of discretionary income and an investor’s financial situation that he chooses to invest. If someone has more money they can comfortably invest, they may choose to buy aggressively regardless of whether the market is dipping or not.
Market dips can surely motivate investors to want to be aggressive if they have the means but it isn’t what defines aggressive buying.
Aggressive buying is a personal investment choice made based on financial situations and conviction not a strategy that only exists during dips.

[SuperBitMan]

Being aggressive in the market depends on how comfortable you feel about the market, it does not have to be only when the market is going down. As long as you have more money in hand to be aggressive in the market you are free.

You are right, there is no specific time to be aggressive, but it can be wise to be aggressive only when you have the ability. If you are associated with DCA, we will not need to wait for the dip, because DCA automatically gives you the opportunity to buy in the market of the dip. If the ability to be aggressive in investing is created at that time, then you can feel free to be aggressive in investing. If the ability to be aggressive in the bull market is created, there is no need to wait for the decline, you can still be aggressive in investing. However, we must pay special attention to our ability during aggressive buying, do not put too much pressure on yourself if necessary.

As for me the best time to be aggressive is when there’s a bitcoin dip, if there’s no dip I see no reason to be aggressive in your bitcoin accumulation especially when you have been using DCA strategy and you have been very consistent, and again before you can be aggressive at any given time you most make sure you have a very good and strong backup funds, I know most of you will know that already if you have been active in this thread, I have one thing I do, my backup funds comprises of emergency, reserve and float funds, if there’s a dip I use my reserve funds to accumulate aggressively, it has been helpful to me and I have not had any challenge since I started doing that.

[Brizi5000]

Being aggressive in the market depends on how comfortable you feel about the market, it does not have to be only when the market is going down. As long as you have more money in hand to be aggressive in the market you are free.

You are right, there is no specific time to be aggressive, but it can be wise to be aggressive only when you have the ability. If you are associated with DCA, we will not need to wait for the dip, because DCA automatically gives you the opportunity to buy in the market of the dip. If the ability to be aggressive in investing is created at that time, then you can feel free to be aggressive in investing. If the ability to be aggressive in the bull market is created, there is no need to wait for the decline, you can still be aggressive in investing. However, we must pay special attention to our ability during aggressive buying, do not put too much pressure on yourself if necessary.

As for me the best time to be aggressive is when there’s a bitcoin dip, if there’s no dip I see no reason to be aggressive in your bitcoin accumulation especially when you have been using DCA strategy and you have been very consistent, and again before you can be aggressive at any given time you most make sure you have a very good and strong backup funds, I know most of you will know that already if you have been active in this thread, I have one thing I do, my backup funds comprises of emergency, reserve and float funds, if there’s a dip I use my reserve funds to accumulate aggressively, it has been helpful to me and I have not had any challenge since I started doing that.

In as much as I think that everyone is entitled to their own opinions but I’m here to tell you that you’re wrong in this regard because being aggressive in bitcoin accumulation have nothing to do with the dip as investors can buy aggressively at any market price as what is important is that they are not being over aggressive with the buying where by they start using cash meant to sort out their basic financial needs to buy bitcoin. If investors have the financial capabilities to buy bitcoin aggressively then they must not wait until its dip before they can buy aggressively as they can do so in any market price especially as they are ongoingly investing with the DCA strategy, and if they wait till its dip before choosing to buy aggressively then they are no longer DCAing but they are practicing buying the dip strategy which is a mindset of traders looking to time the market for a quick profit. A real investor will buy bitcoin aggressively at any market price provided he have the financial capacity to do so.