JJG’s Outline of Bitcoin Investment Ideas

[Grease5000]

Those who research the price before or after investing in Bitcoin will not be able to survive for a long time, they will have to face problems with Bitcoin investment. Researching the price of Bitcoin will create greed in that investor, as a result, the person whose greed for money will be manifested will never be able to hold Bitcoin investment in the long term. Therefore, before investing in Bitcoin, one must make up one's mind and be patient by investing in Bitcoin in the long term.
Those people who have these things in their heart, will be able to travel the future days with their Bitcoin investment. So we will not research the price of Bitcoin here, we will research, and how to invest in Bitcoin safely in the future days

I partly agree. The problem is not researching or knowing about the current Bitcoin's price, but allowing the price to control your decisions. as a long term investor I think it is impossible not to know the current price of Bitcoin because even in the process of buying from a exchange or whatever platform one use  you will see the current price of Bitcoin. but  as an investor with a long term conviction i don't let it decide whether I buy or not.

For me, the most important research is understanding Bitcoin, using discretionary income,  and following a DCA plan. Price may  goes up and down every day which is normal  in Bitcoin. but if every move changes your emotions or your strategy, it becomes difficult to hold for the long term. Knowledge, patience and consistency should guide your investment, not short term price movements.

[ZeroVinsonN]

In as much as one is regularly doing DCA, there might come a time when you miss a day because of one issue or another. Most people will feel like they have done something wrong by missing a day, neglecting the fact that a missed day doesn't mean they have failed.

They are trying too hard to be perfect instead of focusing on consistency. You might miss a few days or even weeks. It doesn't matter. After your financial issues have been settled, go back to using your discretionary income and continue doing your DCA.

Skipping a day or week of your investment wouldn't kill you or make you a failed investor, but it's important an investor plans well to ensure consistency. That is why one of the most important things newbie investors should learn is income management and allocation. Proper income management and allocation involves your ability to ensure you don't misuse your Discretionary, and avoiding overallocation or under allocation.

That is why sometimes, for new investors, it's okay if they start out there investment with little amounts for weekly accumulation while they build confidence and also learn and/or understand better ways to adjust there income and/or learn better ways of allocating funds to there investment and back up funds simultaneously to ensure sustainability and consistency. When there is confidence and Peace, the investor can as well adjust or increase his buys to suit his discretionary or willed allocation.

If they are not generating enough discretionary income to be able to buy bitcoin weekly then they can still buy however w,y they can, there is no mandate that a person must bey in a set period of time, personally I would say that if a person can't handle having to buy weekly or monthly they should just stick to buying when they have the discretionary income to buy with available to them, there is no reason to try to keep to s routine if availablity of your discretionary income won't allow it.
Having a routine is nice but if you can't manage it then buy whenever you can, having the discretionary income is what matters, when you buy depends on that.

[Alonso_]

In as much as one is regularly doing DCA, there might come a time when you miss a day because of one issue or another. Most people will feel like they have done something wrong by missing a day, neglecting the fact that a missed day doesn't mean they have failed.

They are trying too hard to be perfect instead of focusing on consistency. You might miss a few days or even weeks. It doesn't matter. After your financial issues have been settled, go back to using your discretionary income and continue doing your DCA.

There are things I would like to point out, I don’t know if you’re talking about a newbie, but as an old investor you should have an emergency fund and some reserve funds, because this are Criteria’s that makes you comfortable with buying and holding bitcoin.

However if anything happens associated with any emergency you will have to dive into their for some clarity and taking care of that emergency, and whatever it is that you have to take care of, but in a nutshell, everything would not always seems as we might want it, but you have to try and adjust with any setbacks that comes with buying bitcoin and making a good decision along the way.

[Chronic Gambler9]

An investor does not need to worry so much about cycles at the beginning of his investment. It is important to maintain consistency in investment while investing in Bitcoin. A new investor does not need to worry about how many cycles it will go through and what the price of Bitcoin will be after the cycle. These thoughts can create unnecessary mental instability in an investor.

Why some new investors worry is that they don’t know how the investment will end up; that’s how some new investors are feeling, and this is part of the reason why when we come to invest, having the basic understanding is very important so that you won’t be thinking otherwise after investing. Like me now as a newbie, I will not just jump into buying Bitcoin without seeking knowledge and experience; having those basics will teach a person how to handle the investments without having issues in the long term.

[sotelorene]

An investor does not need to worry so much about cycles at the beginning of his investment. It is important to maintain consistency in investment while investing in Bitcoin. A new investor does not need to worry about how many cycles it will go through and what the price of Bitcoin will be after the cycle. These thoughts can create unnecessary mental instability in an investor.

Why some new investors worry is that they don’t know how the investment will end up; that’s how some new investors are feeling, and this is part of the reason why when we come to invest, having the basic understanding is very important so that you won’t be thinking otherwise after investing. Like me now as a newbie, I will not just jump into buying Bitcoin without seeking knowledge and experience; having those basics will teach a person how to handle the investments without having issues in the long term.

That is lack of knowledge and that is how some unserious people feel because why will someone worry about how their investment will end when they know it is impossible for someone to know how their investment will end. Even business  or investment outside Bitcoin, those investor are not sure how it will end because there are factors that can affect any Investment or business but the most important thing is that an investor should do the necessary and their part and hope for the best.

[Joeboy]

~snip~

Why some new investors worry is that they don’t know how the investment will end up; that’s how some new investors are feeling, and this is part of the reason why when we come to invest, having the basic understanding is very important so that you won’t be thinking otherwise after investing. Like me now as a newbie, I will not just jump into buying Bitcoin without seeking knowledge and experience; having those basics will teach a person how to handle the investments without having issues in the long term.

If that's your decision, then it is obvious that you are not ready to kickstart your investment just yet, and that isn't a wise thing to do at all.. Having your discretionary income should already be a go ahead for you to invest instead of wasting your time waiting to gain knowledge and experience that may obviously take years upon years to attain.. Mind you, at the start of your investment m, you may make certain mistakes, which is exactly the reason why you should start small and then scale up your investment amount as you go..

[Different patterns]

You are right, investing with money that you can afford to lose doesn’t mean that people should expect that bitcoin will crash one day or that theyre going to lose all their money. It is just a warning that people shouldn’t invest with money meant for house rent, fees school, bill or food stuff. 

I completely disagree with your explanation about investing with what you can afford to loss. Of course the reason why we frequently suggest that every person should invest with what they can afford to loss is due to the fact that there's no guarantee if the price of Bitcoin will go up in the future. then again we don't know if Bitcoin will crash one day so these are the reasons why it is advised to invest with what  you can afford to loss. Isn't because of house rent, school fees or bla bla bla, But it's due to these reasons I gave here, there's every possiblity that Bitcoin will crash one day you really can't tell because it's a decentralized digital asset.

I think you mixing up things. If you are claiming that wasn't the right explanation of what we can afford to lose then what better way can you explain it for newbies not to be mislead. Because from what I understand is that the discretionary funds is the funds we can afford to lose as it's the remaining funds after every necessary expenses ( feeding, house rentage, children school fees etc) has already been taking care of so that if their is any uncertainty just as you earlier said one won't be totally distabilize. Perhaps, I was just curious if their is any other funds that better describe the funds we can afford to lose like the discretionary funds.

The funds that you can afford to lose should be a subset of funds within discretionary funds.

Of course, guys could use all of their discretionary funds to buy bitcoin, yet if guys consistently use all of their discretionary funds to buy bitcoin, then they are likely overdoing their investment in bitcoin and investing with money beyond the amount that they can afford to lose (financially and/or psychologically), since guys need to have some of their discretionary funds to be available and used for savings (adding to back up funds) and discretionary consumption. 

Guys should not be completely neglecting or underallocating (such as low amounts or even 0%) to either their savings and/or to their discretionary consumption.

Exactly, bitcoin investment should always be consistent, but a lot of investors make a mistake thinking that once they have their discretionary income available with them, every dollar of it should go into bitcoin direct. No, that is not always the best approach, “there should always plan B” which is having savings, and emergency funds aside, the amount that we can afford to lose should only be a portion of our discretionary income.

What am trying to say is that as we are building our bitcoin, we should also put it in plan by building our emergency funds and savings along at the same time. Having emergency funds build along bitcoin journey means we are less likely to sell our bitcoin investments whenever unexpected situations pump up or there’s bitcoin downturns, having savings aside also helps investor to stick to long term investment plan.

But the best approach is not always invest as much as possible everyday, the goal is to invest consistently in such a way that will sustainable for many years and continue accumulating bitcoin through the both bull and bear markets.

[avp2306]

In as much as one is regularly doing DCA, there might come a time when you miss a day because of one issue or another. Most people will feel like they have done something wrong by missing a day, neglecting the fact that a missed day doesn't mean they have failed.

They are trying too hard to be perfect instead of focusing on consistency. You might miss a few days or even weeks. It doesn't matter. After your financial issues have been settled, go back to using your discretionary income and continue doing your DCA.

Skipping a day or week of your investment wouldn't kill you or make you a failed investor, but it's important an investor plans well to ensure consistency. That is why one of the most important things newbie investors should learn is income management and allocation. Proper income management and allocation involves your ability to ensure you don't misuse your Discretionary, and avoiding overallocation or under allocation.

That is why sometimes, for new investors, it's okay if they start out there investment with little amounts for weekly accumulation while they build confidence and also learn and/or understand better ways to adjust there income and/or learn better ways of allocating funds to there investment and back up funds simultaneously to ensure sustainability and consistency. When there is confidence and Peace, the investor can as well adjust or increase his buys to suit his discretionary or willed allocation.

If they are not generating enough discretionary income to be able to buy bitcoin weekly then they can still buy however w,y they can, there is no mandate that a person must bey in a set period of time, personally I would say that if a person can't handle having to buy weekly or monthly they should just stick to buying when they have the discretionary income to buy with available to them, there is no reason to try to keep to s routine if availablity of your discretionary income won't allow it.
Having a routine is nice but if you can't manage it then buy whenever you can, having the discretionary income is what matters, when you buy depends on that.

Its not really a requirement to have a routine, because what matter the most is they have discretionary income to use. If there are investor cannot accumulate weekly or monthly buys, there's still nothing wrong with that. Because they can still buy when they already have extra funds available to use. What matter is they are committed and not dumping their bought coins.

The more nicer goal to set is to be consistent with their actual financial situation and not forcing anything which does not fit on their financial capacity. As long as they continue to purchase and it came from their discretionary income then those approach still sustainable.

[Charcol]

An investor does not need to worry so much about cycles at the beginning of his investment. It is important to maintain consistency in investment while investing in Bitcoin. A new investor does not need to worry about how many cycles it will go through and what the price of Bitcoin will be after the cycle. These thoughts can create unnecessary mental instability in an investor.

Why some new investors worry is that they don’t know how the investment will end up; that’s how some new investors are feeling, and this is part of the reason why when we come to invest, having the basic understanding is very important so that you won’t be thinking otherwise after investing. Like me now as a newbie, I will not just jump into buying Bitcoin without seeking knowledge and experience; having those basics will teach a person how to handle the investments without having issues in the long term.

You have the right to make your own decisions. You said don't buy before you have knowledge and experience. But
My question is how do you become experienced without starting?
If you start, will your learning stop?Don't you think it is possible to learn from real experience if you start?

Anyway, let's come to the main discussion. When we waste years and years talking about so-called basic knowledge, the real benefit we get is that we don't get started. And in the end, I think I would have been in a better position today if I had entered earlier. I am telling you this to inform you that there is no need for so-called basic knowledge at the beginning of investment. And not having basic knowledge does not mean jumping in blindly, but creating an opportunity to learn by starting with a small amount. Jumping blindly is when you try to buy a large amount with the money you need without understanding. But as long as you buy with discretionary income from your ability and are able to continue learning, there is no problem. Starting with a small amount is not jumping blindly because after starting, you can decide for yourself. But after wasting years and years of time searching for basic knowledge without starting, there will be no limit to regret.

[EstherBtc]

For every investment knowledge is needed to be able to make proper decisions that will guide your investment journey and i think that's what this thread is about and the purpose of the author of this topic.

A person wishing to invest in bitcoin should understand that the market is highly volatile. Hence, decisions like long term or short term investment plan should be considered. Also, the money that should be invested should be what you can forgo. That way you can invest without stress and pressure.

[Futurexxx]

Why some new investors worry is that they don’t know how the investment will end up; that’s how some new investors are feeling, and this is part of the reason why when we come to invest, having the basic understanding is very important so that you won’t be thinking otherwise after investing. Like me now as a newbie, I will not just jump into buying Bitcoin without seeking knowledge and experience; having those basics will teach a person how to handle the investments without having issues in the long term.

I do not think that not knowing the final outcome of your investment is the main reason investors get worried of their investment, what is believe is the main reason all Bitcoin investors get worried or is too emotional towards their investment is when they invest with what they cannot afford to lose, but if they invested with only what they can afford to lose, they will always be in a calmer state regardless of the market conditions because they are not emotionally tied to their investment, unlike someone that invested what he or she cannot afford to lose.

[Promocodeudo]

For every investment knowledge is needed to be able to make proper decisions that will guide your investment journey and i think that's what this thread is about and the purpose of the author of this topic.

A person wishing to invest in bitcoin should understand that the market is highly volatile. Hence, decisions like long term or short term investment plan should be considered. Also, the money that should be invested should be what you can forgo. That way you can invest without stress and pressure.

Personally I don't expect a newbie to be totally blank even though I know that what is required of everyone to invest in Bitcoin is their discreationary income, I still think a newbie should not be a dummy even though that part is not discussed here, but the fact is that a newbie can not learn all about Bitcoin before he can begin his Bitcoin investment, there are many things that he can learn along the line, yea right decisions can be made if you have the right information, i don't think I will want repeat what I said, with what you have said, it seems like there's level of knowledge you think that a newbie should have before he can start, most of the things you mentioned can be learnt along with the investment ongoing.

[Agbam]

An investor does not need to worry so much about cycles at the beginning of his investment. It is important to maintain consistency in investment while investing in Bitcoin. A new investor does not need to worry about how many cycles it will go through and what the price of Bitcoin will be after the cycle. These thoughts can create unnecessary mental instability in an investor.

Why some new investors worry is that they don’t know how the investment will end up; that’s how some new investors are feeling, and this is part of the reason why when we come to invest, having the basic understanding is very important so that you won’t be thinking otherwise after investing. Like me now as a newbie, I will not just jump into buying Bitcoin without seeking knowledge and experience; having those basics will teach a person how to handle the investments without having issues in the long term.

That is lack of knowledge and that is how some unserious people feel because why will someone worry about how their investment will end when they know it is impossible for someone to know how their investment will end. Even business  or investment outside Bitcoin, those investor are not sure how it will end because there are factors that can affect any Investment or business but the most important thing is that an investor should do the necessary and their part and hope for the best.

Worry is a natural human response especially when money is involved, whether it's a business or an investment. The proper thing isn't to pretend you won't worry, but to manage that worry by putting yourself in the best possible financial position.

Which can be achieved by investing only with discretionary income, maintaining an emergency fund and other necessary reserves, and avoiding the temptation to risk money you'll need in the short term. Going aggressive only when you’re able to like receiving an extra or bonus income while maintaining consistency and discipline with your regular plan.

At the end of the day no one can guarantee the outcome of any investment but what we can control is how we do it. If we do the necessary things and stay disciplined then we’ve put ourselves in a favourable position to get the best results.

[Rabata]

An investor does not need to worry so much about cycles at the beginning of his investment. It is important to maintain consistency in investment while investing in Bitcoin. A new investor does not need to worry about how many cycles it will go through and what the price of Bitcoin will be after the cycle. These thoughts can create unnecessary mental instability in an investor.

Why some new investors worry is that they don’t know how the investment will end up; that’s how some new investors are feeling, and this is part of the reason why when we come to invest, having the basic understanding is very important so that you won’t be thinking otherwise after investing. Like me now as a newbie, I will not just jump into buying Bitcoin without seeking knowledge and experience; having those basics will teach a person how to handle the investments without having issues in the long term.

I don't think it would be good for you to delay investing on the pretext of basic knowledge. Since there is still enough time after starting, you can start if you have discretionary income. You may think that you will start after learning, but by then Bitcoin may have reached its highest peak. And then you may regret it. If I believe that Bitcoin will give us opportunities for many decades. But I don't think it would be better to wait and miss the opportunity to strengthen your position. I would advise you if you still don't know about wallets, about security, about self-custody, then start with the exchange and continue learning. When you feel that you are ready enough, you will take it to your own wallet. By then, you will probably have at least some savings that will remove your regrets.

[Loyang]

For every investment knowledge is needed to be able to make proper decisions that will guide your investment journey and i think that's what this thread is about and the purpose of the author of this topic.

A person wishing to invest in bitcoin should understand that the market is highly volatile. Hence, decisions like long term or short term investment plan should be considered. Also, the money that should be invested should be what you can forgo. That way you can invest without stress and pressure.

Of course we need knowledge but we don't need too much knowledge to start investing. If we have basic knowledge about Bitcoin then we can start investing and along with starting we can gain knowledge. But yes common sense may not say that a person needs to know anything special, except to know that whether a person has discretionary income or not has been calculated correctly. Starting investment is our first step or the most important step, after starting investment we can continue to gain knowledge in parallel.

If I have failed to understand you then maybe @JayJuanGee sir's comment can be very useful for you.

Reserved 2

Opening Post 2: Getting started – assessing personal financial situation (in relation to ability to invest in bitcoin)

First things first, no?

Before any of us invest into anything, we should strive to figure out our own situation and individual circumstances to the best of our abilities.  Of course, we do not necessarily want the perfect to become the enemy of the good, but at the same time, if we cannot figure out various aspects of our own personal circumstances, then any investment that we make, whether it is into bitcoin or into some other investment, we may well devolve into gambling rather than investing.

These 9 principle individual factors that influence your decision whether to invest into bitcoin and how to invest into bitcoin have financial, skills and psychological components that include:

1)   your cashflow (which also includes ideas of income versus expenses and surely discretionary income is the difference between income and expenses),

2)   how much bitcoin you have already accumulated,

3)   your other investments (including considering your emergency fund, your float and your reserves - which are usually kinds of liquid ways to hold value in cash, dollars and/or your native currency in away that many of your expenses tend to be denominated),

4)   your view of bitcoin as compared with other investment possibilities,

5)   your timeline,

6)   your risk tolerance,

7)   your time, skills, goals (investment/lifestyle targets, which includes figuring out the extent that you are in BTC accumulation, maintenance or liquidation stage),
 
8 )   your abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time,
 
9)   your considering your time, your abilities and whether to trade, reallocate from time to time, to use of leverage and/or to use financial instruments... (and for sure the use of financial instruments, leverage and margin trading involve higher level skills and are not even necessary to still become richie in bitcoin's already existing asymmetric bet.)

These are ongoing areas in which anyone should be working upon without necessarily concluding that they need to perfect all of them or even to perfect any one category prior to being ready to start investing into bitcoin.. whether that is investing with their time, their energies and/or their finances.

I will say straight up that it can take a pretty long time to figure out all of these factors, and even if you do not know the exact answers for each or any of the categories, that lack of perfect knowledge should not stop you from getting started into investing in bitcoin including that you can continue to learn and to improve upon each of the areas (and all of the areas) to better get to know yourself and your particulars with practice and continued attempts at application and tweaking along the way.

In the near future, I will be fleshing out the above 9 categories a bit more and adding them here.. but just my providing the above 9 categories should already be helpful for anyone investing into bitcoin and the main aspect still remains that bitcoin investors should be spending some time figuring out some of the application of each of these ideas for themselves.


ONLY after we go through some preliminary steps of understanding our own situation in respect to the above categories, then we should be able to set our BTC investment target allocation, and of course, our target could change over time, so if we are an already established investor with several investments and a decently long history of investing that has allowed us to accumulate investment assets.. perhaps over 10 years or more, then we might well decide to get off of zero and have a BTC investment target anywhere between 1% and 10% of our total investment portfolio.  The 1% to 10% range is a starting out area, and of course the more that we learn about bitcoin might cause us to gravitate to some level outside of the range.  I would suspect that the more that anyone studies bitcoin should cause him/her to go higher in terms of allocation and perhaps above the 10% level.  Furthermore, the more bullish we are about bitcoin would cause us to gravitate towards the higher end of the range and the more bearish (or timid) that we might be about bitcoin would cause us to gravitate more towards the lower end of the range.

If we happen to be a less established investor and we have no other assets, we may well allocate all of our investment into BTC until we reach a certain level that would thereby allow us to diversify after we had already reached a certain level of investment whether that is $10k or $100k or some other amount would be our determination regarding if we might need to start to diversify into other investments besides having everything into bitcoin.