JJG’s Outline of Bitcoin Investment Ideas

[Princess Leah]

Age does not matter for investment. If a person has discretionary income despite being old, he can use it for investment. And since Bitcoin investment is long-term and most investors build a long-term Bitcoin portfolio considering the future of their successors, even if a person is old enough, he can still consider his next generation and create Bitcoin for the next generation. And if they do this, their next generation may also consider them wise for this because they can then get much more financial success for this investment.

If we look at this from different angles, I don’t think an older person will simply follow the discretionary income path, for sure an older person already has a house and a car and maybe more so is it reasonable for an older person to trust Bitcoin enough to sell everything they own just to invest and wait for the big boom?

Older people can still get discretionary funds from their pension and mustn't sell off their properties to invest in Bitcoin cause they're old, what if the person has only one house and car? If there's another house and car then it's not a bad idea since Bitcoin's potential is great and could turn out to be a good decision in future.

 Bottom line is that if there's a discretionary funds available and it can be sustainable for long term then there's no need to sell off properties to invest in Bitcoin.

[icebar]

Be clear about what you mean by the wrong funds.

I think that when you here of the statement "investing with the wrong fund" the person may be talking about someone that is investing away from his discretionary income.

Use a significant portion of your discretionary income to invest in Bitcoin and keep the rest available for emergency funds and extras.

Your investment may have problem along the way of your investment, because like that you are being over aggressive towards your accumulation. So dividing your discretionary income into three different equal part is the best, one for investment, one for your back up funds and one for discretionary consumption, with that you can invest smoothly without problem.

@cxtreenal said to keep a large portion of discretionary income in Bitcoin, but that's not to say it's overly aggressive. He also said to keep the rest for emergency funds and other things.

The share of discretionary income will not be the same for everyone. If someone already has a cash reserve for needs, they may be able to put more into Bitcoin than their new discretionary income. Again, if you have absolutely zero backup or your income is irregular, you may need to put more into your cash reserve or emergency fund. What is overly aggressive for you may be normal for someone else.

[JayJuanGee]

Age does not matter for investment. If a person has discretionary income despite being old, he can use it for investment. And since Bitcoin investment is long-term and most investors build a long-term Bitcoin portfolio considering the future of their successors, even if a person is old enough, he can still consider his next generation and create Bitcoin for the next generation. And if they do this, their next generation may also consider them wise for this because they can then get much more financial success for this investment.

If we look at this from different angles, I don’t think an older person will simply follow the discretionary income path, for sure an older person already has a house and a car and maybe more so is it reasonable for an older person to trust Bitcoin enough to sell everything they own just to invest and wait for the big boom?

Just because older people might have more assets, they would not be tempted into selling all of their assets to buy bitcoin even though they would not necessarily be limited to their income in regards to whether and/or how much to allocate to bitcoin.

[adultcrypto]

To add to what you’ve said so far, when reserves are used always try to replenish it back as soon as possible because you planned to use it for something else but had an opportunity to buy cheaper which you could not neglect.
Money set aside for critical/emergency situations should never be used because you may not be able to replace it before an emergency hits you. And when it does and there’s no safety net for your investment it jeopardises your hardwork so far.

Investing in Bitcoin during dip should  not be done simply because one can not afford to neglect or miss it because that will be a very big mistake because it is never a must to be aggressive during the dip especially when we don't have a discrestionary income to do that, so taking it upon oneself that we could not neglect the opportunity is very wrong and not logical I mean you are not competing with anyone so we should be careful and invest within our reach and means and don't feel entitled to Dip.

What is completely wrong is investing through FOMO be it during dips or other times. Investment made under FOMO will not consider remaining within the discretionary income because emotions are high at that point. While I agree that someone can be more aggressive during the dips, I do not subscribe to waiting idly for it. The investor can be using the DCA method to buy other times and if there is significant dips, then he can draw up extra budget to accumulate more bitcoin during that dip while the DCA purchase is allowing to proceed smoothly.