JJG’s Outline of Bitcoin Investment Ideas

[Brizi5000]

I don't care about the price of Bitcoin because I have already implemented a DCA strategy to accumulate Bitcoin, so every month when I get paid, I will accumulate Bitcoin regardless of the price at that time.
I used to trading a lot, but now I prefer to set aside a larger percentage of my money for investing, although I still trading , but with a smaller percentage.

It is a good decision that you have taken for yourself but where I don't agree is buying bitcoin from your salary. You were  correct when you said you will be accumulating bitcoin regardless of price but investing when your basic needs hasn't been met is wrong. What we should invest in bitcoin is discretionary income and not from our salary Discretionary income is the leftover money after your basic needs is met.  Before you invest ,you should ensure your basic needs are met and the left over money should be invested in bitcoin.

Yes you are right, it is good that even if we  are getting paid every month from work and we want to buy and invest in bitcoin we shouldn’t use all our monthly salary to buy bitcoin and forget about our basic needs. It will be very bad for us to do so because in the future it will surely tell on us. What investors should do first when they receive their salary is to first of all settle their basic financial needs or expenses and after doing that, the money left with them that is the discretionary income should be put for the bitcoin investment and any other back up or emergency funds for the bitcoin investment to still go forward.

[Saltysugar99]

I don't care about the price of Bitcoin because I have already implemented a DCA strategy to accumulate Bitcoin, so every month when I get paid, I will accumulate Bitcoin regardless of the price at that time.
I used to trading a lot, but now I prefer to set aside a larger percentage of my money for investing, although I still trading , but with a smaller percentage.

It is a good decision that you have taken for yourself but where I don't agree is buying bitcoin from your salary. You were  correct when you said you will be accumulating bitcoin regardless of price but investing when your basic needs hasn't been met is wrong. What we should invest in bitcoin is discretionary income and not from our salary Discretionary income is the leftover money after your basic needs is met.  Before you invest ,you should ensure your basic needs are met and the left over money should be invested in bitcoin.

I don't really understand why you are not in favor of buying Bitcoin from your salary. If someone has all their necessary expenses covered with their salary, whatever extra money they have is discretionary income. And there is no problem in investing in Bitcoin with that discretionary income.

[NewRevelation]

I don't care about the price of Bitcoin because I have already implemented a DCA strategy to accumulate Bitcoin, so every month when I get paid, I will accumulate Bitcoin regardless of the price at that time.
I used to trading a lot, but now I prefer to set aside a larger percentage of my money for investing, although I still trading , but with a smaller percentage.

It is a good decision that you have taken for yourself but where I don't agree is buying bitcoin from your salary. You were  correct when you said you will be accumulating bitcoin regardless of price but investing when your basic needs hasn't been met is wrong. What we should invest in bitcoin is discretionary income and not from our salary Discretionary income is the leftover money after your basic needs is met.  Before you invest ,you should ensure your basic needs are met and the left over money should be invested in bitcoin.

I don't really understand why you are not in favor of buying Bitcoin from your salary. If someone has all their necessary expenses covered with their salary, whatever extra money they have is discretionary income. And there is no problem in investing in Bitcoin with that discretionary income.

It's just a simple and clear issue. They are two different words, salary and discretionary, and of course, discretionary comes from salary, which is the money remaining after sorting out basic necessities. I guess what Cossyblack was saying is that Fakhrulenclix didn't mention buying bitcoin using his discretionary, but just said that when he is paid, he accumulates Bitcoin not minding the current price. of  course, he could be doing that with his discretionary, but for clarity sake, he should rather say... When am payed, after settlement of basic needs, and my discretionary is made available, I accumulate Bitcoin no matter the current price through the DCA.

[Derekfunds]

I don't care about the price of Bitcoin because I have already implemented a DCA strategy to accumulate Bitcoin, so every month when I get paid, I will accumulate Bitcoin regardless of the price at that time.
I used to trading a lot, but now I prefer to set aside a larger percentage of my money for investing, although I still trading , but with a smaller percentage.

It is a good decision that you have taken for yourself but where I don't agree is buying bitcoin from your salary. You were  correct when you said you will be accumulating bitcoin regardless of price but investing when your basic needs hasn't been met is wrong. What we should invest in bitcoin is discretionary income and not from our salary Discretionary income is the leftover money after your basic needs is met.  Before you invest ,you should ensure your basic needs are met and the left over money should be invested in bitcoin.

Yes you are right, it is good that even if we  are getting paid every month from work and we want to buy and invest in bitcoin we shouldn’t use all our monthly salary to buy bitcoin and forget about our basic needs. It will be very bad for us to do so because in the future it will surely tell on us. What investors should do first when they receive their salary is to first of all settle their basic financial needs or expenses and after doing that, the money left with them that is the discretionary income should be put for the bitcoin investment and any other back up or emergency funds for the bitcoin investment to still go forward.

You are absolutely correct and above all our expenses should be our number one priority before thinking of investing in anything with our discretionary and over time I realized the reason some people panic or sell when they are not even supposed to is because they mispioritize things which is forcing out a discrestionary income without attending to their needs first and this is all wrong and when this is been done there is every possibility this folk will always panic or even sell and this implies lack of knowledge and sometimes it is an act of trading.

[Ryu_Ar1]

Even if you claim to be investing without accounting for discretionary funds, it sounds to me that the 10-15% that you are investing is from discretionary funds, since the 85% to 90% is covering all of your expenses, so your discretionary funds ares greater than 10-15% of your income.. and the portion that you are investing from is coming from your discretionary funds, even though you claim to not be account for it.

From your discretionary funds, you can invest, save and/or use for discretionary consumption.

The non-discretionary funds covers all of your basic expenses... so if you were using money that you need for your expenses, then you are going to end up getting yourself in trouble.

Of course, you could have large enough back up funds so that you end up having money to cover your expenses in those instanaces that your income is low and/or your basic expenses are high.

This might be a consideration (although not initially) because I feel that 10-15 % is still enough for me to be able to invest comfortably with enough consistency for me and I'm not too worried about my life and needs we have.

Maybe the downside here is that it will take me a little longer to invest because it is certain that the smaller your ratio in investing the longer it will take especially if we want to achieve a goal such as 1 year of income for investment and even more than that.

On the one hand this is also a good thing because for me being and investing is not a race, as long as we are able to do the best for the future then we should do it even though it's definitely not easy because we have to manage income and expenses as much as possible but when we are disciplined I'm pretty sure that time will come and we can talk about the ideal financial freedom that we always discuss.

[Proty]

I don't care about the price of Bitcoin because I have already implemented a DCA strategy to accumulate Bitcoin, so every month when I get paid, I will accumulate Bitcoin regardless of the price at that time.
I used to trading a lot, but now I prefer to set aside a larger percentage of my money for investing, although I still trading , but with a smaller percentage.

It is a good decision that you have taken for yourself but where I don't agree is buying bitcoin from your salary. You were  correct when you said you will be accumulating bitcoin regardless of price but investing when your basic needs hasn't been met is wrong. What we should invest in bitcoin is discretionary income and not from our salary Discretionary income is the leftover money after your basic needs is met.  Before you invest ,you should ensure your basic needs are met and the left over money should be invested in bitcoin.

Yes you are right, it is good that even if we  are getting paid every month from work and we want to buy and invest in bitcoin we shouldn’t use all our monthly salary to buy bitcoin and forget about our basic needs. It will be very bad for us to do so because in the future it will surely tell on us. What investors should do first when they receive their salary is to first of all settle their basic financial needs or expenses and after doing that, the money left with them that is the discretionary income should be put for the bitcoin investment and any other back up or emergency funds for the bitcoin investment to still go forward.

You are absolutely correct and above all our expenses should be our number one priority before thinking of investing in anything with our discretionary and over time I realized the reason some people panic or sell when they are not even supposed to is because they mispioritize things which is forcing out a discrestionary income without attending to their needs first and this is all wrong and when this is been done there is every possibility this folk will always panic or even sell and this implies lack of knowledge and sometimes it is an act of trading.

Those people are investing with money that they are supposed to used for there daily expenses. They failed to sort out there discretionary income by attending to there daily needs first. Therefore, they are not forcing out discretionary income as most of this people understand that they don't have discretionary income to.invest with or they are unable to sort out there discretionary income and then they decide to start investing in bitcoin without determining whether they have Discretionary available to invest with.

[alankasman]

Accumulation, when it comes to investment, is a building block and seems like a ladder that you need to climb in steps to reach the top. Normally, it is not easy to get good results with Bitcoin investments, but with DCA, a method in Bitcoin, you can even reach points in Bitcoin investment that you never expected to achieve.

If you say something like that it certainly seems like a new activity that you should try. What you're saying is absolutely correct. I also support this approach. Accumulation by investing serves as a strong foundation so when we do it we must have a step-by-step approach. The reason for achieving the desired peak is certainly easy. I completely agree with your statement as sometimes some people don't consider the steps necessary for both.
However, when we understand both of these things I think our steps in doing something are easier, especially when it comes to accumulation in Bitcoin investing. The experience and knowledge we discussed need to be understood with the goal and reason being to achieve it in unexpected ways.

The amount that is invested in Bitcoin might be small, but if you give it some time and remain consistent, it will definitely reach a point that no one even expects. Most people who don’t understand accumulation underestimate it, but it makes a significant impact.

For me, it's not necessary to think about large or small amounts. What's needed when investing in Bitcoin is consistency and full concentration. Why is it that sometimes people invest large amounts but lack focus and concentration resulting in a lack of patience when they've already done what they've already done? This means that in Bitcoin investing the amount isn't the main thing consistency is a crucial part of investing especially when we invest long-term which certainly requires consistency and full concentration. Therefore we should never underestimate people who invest even small amounts but who have extraordinary consistency in their efforts.

[cyberninja2]

Accumulation, when it comes to investment, is a building block and seems like a ladder that you need to climb in steps to reach the top. Normally, it is not easy to get good results with Bitcoin investments, but with DCA, a method in Bitcoin, you can even reach points in Bitcoin investment that you never expected to achieve.
The amount that is invested in Bitcoin might be small, but if you give it some time and remain consistent, it will definitely reach a point that no one even expects. Most people who don’t understand accumulation underestimate it, but it makes a significant impact.

It absolutely must be like that because the stages require strengthening someone in terms of investing. Without that I think it will be very difficult to reach that point to generate profits from our investments. I think the example you mentioned is very good in terms of providing strength in investing for someone who should have the stages to do it. The DCA method is essential every time you invest. When you make a profit you'll undoubtedly reach your desired investment goal.

This isn't necessary as investing in Bitcoin simply requires a strong mentality to accumulate Bitcoin through DCA.
Whether it's a small or large amount sometimes people invest large sums but after investing that amount they lose concentration or focus on consistency which can have fatal consequences. Reaching their goal is very difficult due to the underestimation of those investing small amounts. However those investing small amounts consistently focus more confidently than those investing larger amounts. Essentially I think doing everything possible is crucial regardless of whether the amount is large or small. What I need to say is that staying focused and consistent is what will ultimately lead to achieving the desired results.

[Joeboy]

It absolutely must be like that because the stages require strengthening someone in terms of investing. Without that I think it will be very difficult to reach that point to generate profits from our investments. I think the example you mentioned is very good in terms of providing strength in investing for someone who should have the stages to do it. The DCA method is essential every time you invest. When you make a profit you'll undoubtedly reach your desired investment goal.

This isn't necessary as investing in Bitcoin simply requires a strong mentality to accumulate Bitcoin through DCA.
Whether it's a small or large amount sometimes people invest large sums but after investing that amount they lose concentration or focus on consistency which can have fatal consequences. Reaching their goal is very difficult due to the underestimation of those investing small amounts. However those investing small amounts consistently focus more confidently than those investing larger amounts. Essentially I think doing everything possible is crucial regardless of whether the amount is large or small. What I need to say is that staying focused and consistent is what will ultimately lead to achieving the desired results.

Being in profit does not always mean that you have reached your desires goal...Take this example: let say your desire goal is to accumulate 0.05BTC and you began your accumulation during the time when the price of Bitcoin was $60k...Now that the price is at $67k, obviously you have made some profit. But since your goal was on how much Bitcoin you want to have, even the short term price movement wouldn't mean that you have reached you desired goal..

[iamsange]

Being in profit does not always mean that you have reached your desires goal...Take this example: let say your desire goal is to accumulate 0.05BTC and you began your accumulation during the time when the price of Bitcoin was $60k...Now that the price is at $67k, obviously you have made some profit. But since your goal was on how much Bitcoin you want to have, even the short term price movement wouldn't mean that you have reached you desired goal..

But the reality is that everyone wants to profit from anything especially when investing in Bitcoin. They always focus on the profit. As you said someone starts accumulating at $50,000 and a few days later, it's already at $70,000. This means they're already experiencing a profit which sometimes leads them to sell their assets to accumulate more BTC. They know that when the price drops like it does now it's better to do so. They'll certainly profit in the future if the price rebounds like it did a few months ago at $90,000. This is a significant achievement reflecting their basic goal of investing in Bitcoin.

[Ruttoshi]

But the reality is that everyone wants to profit from anything especially when investing in Bitcoin. They always focus on the profit. As you said someone starts accumulating at $50,000 and a few days later, it's already at $70,000. This means they're already experiencing a profit which sometimes leads them to sell their assets to accumulate more BTC. They know that when the price drops like it does now it's better to do so. They'll certainly profit in the future if the price rebounds like it did a few months ago at $90,000. This is a significant achievement reflecting their basic goal of investing in Bitcoin.

Profits shouldn't be what you should put first when you start your bitcoin investment because if you do so, you will divert from being a long-term investor and become a trader since you will be carried away with little profits and sell to take profit.

The best thing a new investor who is on a long term journey should do is to have a bitcoin target and focus on reaching your target so that it can make you committed in keeping your bitcoin purchase ongoing without thinking of selling any no matter the amount of profits generated by your bitcoin investment. If you put profit first, you will be distracted from your bitcoin goal which is buying as many bitcoin as you can.