JJG’s Outline of Bitcoin Investment Ideas

[ejikeme24]

yes when it comes to bitcoin investment profit making is not guaranteed reason being that bitcoin is a very volatile asset in such a way that you could be seeing some profit this minute and in the next second you’re not because the price is unstable as it has a potential to go up and down at any seconds. So profit making is not guaranteed, it’s a two way thing which means that as it have the potential to bring profit when the price goes up, it also have the potential to make you lose your investment when prices drop. So when you focus on profit making you might be disappointed even more worst if you’re a trader  trading  for short quick profit making mindset. The Focus should be on consistent buying and investing and holding for the long term goal to have a good and decent bitcoin portfolio and hold for the long term because bitcoin surely will reward long term holders.

Your post is confusing Brizi5000.  In the beginning our your post you say that investing in bitcoin is not guaranteed, but in the end of your post, you say that it is guaranteed.

Yes, I also find it confusing but even at that I can still relate. He seem to be giving advice about focusing on the Long term investment rather than toying with our Bitcoin in the short term Which is true but he missed it by saying that Bitcoin surely will reward long term holders. for the fact that we are advised to focus on the long term investment doesn't mean there's a guarantee rather, it's due to the increase of Bitcoin over the years that made us believe that it will pay off if HODL for Long term investment but it's not certain that we will surely get profit in the future because the price can drop at anytime and also increase at anytime Which we really can't tell or predict how it will happen.

[CageMabok]

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You have discussed many important issues. First of all, it is important to meet the needs of your daily life. Then you should invest with extra money. Those who have a strong income flow and some extra money beyond expenses can save as discretionary income. But many people think about investing but do not dare to start investing due to low discretionary income. But the small amount you mentioned to start investing in Bitcoin is very effective. However, a person wastes a lot of money in daily life. discretionary  income can be increased by reducing waste a little. Then you can invest in Bitcoin in a larger amount. But there is no need to be over aggressive.

I also like the idea of ​​increasing discretionary income by reducing wasteful spending in life if the goal is to increase one's future investment capital. Because such things are sometimes difficult to change for some people who have already become wasteful throughout their lives, it will certainly not be easy for them to become long-term investors in an asset like Bitcoin. As for whether or not to be aggressive in buying Bitcoin, I think it is more a matter of taste and individual ability because for people who are able to focus on buying aggressively, of course there is nothing wrong if they want to do that.