JJG’s Outline of Bitcoin Investment Ideas

[bitmover]

I am not asking for shortcut or about reputation I am just asking which is quality content because its most important thing for me to start my new journey here on this forum.

Always having good and ideal start up keep things on good way you are having long experience here, so your words could be appreciated about good and quality content.

I would say to read a lot about crypto. About investments.

Read before you post. Look for different boards, see what people ask and research for answers.

Everyone has some ability,  try to use it here. Just act like a real person with something to contribute

[Loyang]

I am not asking for shortcut or about reputation I am just asking which is quality content because its most important thing for me to start my new journey here on this forum.

Always having good and ideal start up keep things on good way you are having long experience here, so your words could be appreciated about good and quality content.

I would say to read a lot about crypto. About investments.

Read before you post. Look for different boards, see what people ask and research for answers.

Everyone has some ability,  try to use it here. Just act like a real person with something to contribute

Yes sir you are right. Every person should read it. The more a person reads, the more knowledge he will gain. There is no alternative to reading. If a person does not read about a subject then that person will not be able to learn much and will remain behind. One who reads a lot has a lot of knowledge and is able to see a person on the right path. For example @jj sir. If a person has half knowledge then it is very dangerous for a person. Because half knowledge always pulls a person in the wrong direction. For example if a person does not have complete knowledge about a subject or does not have the knowledge that is required then he can give wrong decisions to many people through this knowledge and many times due to this wrong decision he can suffer a lot of losses.

[Charcol]

For me, the fund management for buying Bitcoins every week seems a bit troublesome. I can buy Bitcoins as soon as I get my monthly salary. I thought like this at the initial stage.

Of course, you can do whatever you like in terms of frequency.  I gave my recommendation for weekly, which largely relates to attempting to incentivize activism, learning and potentially more aggressiveness, which likely is preferred while you are getting used to investing in bitcoin, yet I recognize that the amount is so small that it is going to take you quite a bit of time to really invest a sizable amount of value into bitcoin since you are ONLY investing about 6.7% of your income into bitcoin, and for several years (probably since at least 2020), I have been recommending investing 5% to 25% of your income into bitcoin, so you are towards the lower end of my own recommended investment range and at the same time, surely better than nothing, and you have to figure out what works for your own situation, which you seem to have worked through how to apply your own numbers... and you could put yourself into a worse situation if you ended up overstressing yourself, either financially or psychologically... .. and you can see how your currently chosen system goes and make adjustments to it from time to time as you get used to having the application of your system within your monthly routine.

Thank you for your valuable advice. Buying Bitcoin weekly as you said is really reasonable. However, since my salary comes every month, I think buying Bitcoin monthly is beneficial for me. After receiving my monthly salary, I will be able to monitor my spending plan, savings, and Bitcoin investment together. Now, buying Bitcoin weekly will cause problems in my budgeting because even if I have money, I spend it on various unnecessary things. This may increase unnecessary stress. Since I am planning a long-term investment, I do not know how successful I will be. So, if my income increases in the future, I can focus on investing increasing 5% to 25% of my income as you said. Then maybe I will be able to invest a large part of my income.

You are right. For a monthly salary job, investing once a month seems most convenient to me. Honestly, I find it easier to manage budget, savings, and buying Bitcoin together after getting paid. If we have cash in hand, it is spent on small expenses. Then the budget for buying Bitcoin loses balance.

The main thing is, we can buy Bitcoin at the time of the week or month when it seems convenient. But the most important thing is to maintain regularity and invest with money that can be HODLed patiently in the long term..As JayJuanGee Boss has taught us over and over again

[Saltysugar99]

Let's say that you are starting out with knowledge that you are going to be able to wrangle up and dedicate $150 to $170 of your income every month towards bitcoin, and since there are 4.3 weeks per month, you therefor have somewhere between $35 and $40 per week.. and sure if you are scared that you might mess it up, then maybe you decide that no matter what you will invest $25 per week, and then at the end of the month, you will invest whatever is left over from what you end up having available.. so there are ways to get ahead of these matters and even to structure your own monthly cashflow situation in such a way that you purposefully hold back certain amounts of value to have as a float and to put yourself on a schedule in which you are giving a certain level of priority and ongoing reinforcement to your learning about bitcoin and your being able to practice such learning on a weekly basis.. and yeah, sure maybe you don't want to spend so much time on bitcoin and yeah maybe you are not very serious about bitcoin, even though I find that many of us when we get into bitcoin, we increasingly will increase our prioritization towards wanting to learn more and more about it, yet at the same time, we have to put in systems that we control ourselves in terms of both our budget and our psychology since each of us likely have limitations in our budget (as you mentioned yours to be while still considering that there might be ways that you might be able to incrementally increase the amount of budget that you put into bitcoin as you become more comfortable with it..

After my monthly expenses, I have $150 to $170 left. But I cannot invest in Bitcoin with this entire amount. Because every month some extra expenses arise, I can invest a maximum of $100 in Bitcoin from there. But I do not have a separate backup fund. That is why I initially wanted to invest $50 in Bitcoin and keep $50 as a backup fund. But I have money saved for several years, which is quite a lot. I make a monthly fixed deposit in the bank. If I want, I can consider it as a backup fund, as a result, I can buy Bitcoin with the entire amount of extra money that is left. Actually, I doubt how useful a backup fund will be in practical life . For example, I have been saving money in the bank for several years, but I do not feel the need for that deposited fund for any circumstances . Because my income source is quite stable.

I had engaged in signature campaigns for a couple of years and earned the kinds of income that bitmover had mentioned, yet for me I found them to be too much of a hassle.. even though surely there are many guys who end up profiting quite well from signature campaigns and they might not even need to change what they are doing anyhow, except just getting accepted to a signature campaign and then largely posting how they otherwise would post.  Many signature campaigns have a rank requirement, so you might have to just continue to engage and build up your post count and other ways contributing substantively in your posts, and you likely would be able to qualify for getting accepted to a signature campaign.. .. and yeah, sometimes the signature campaigns might not last for very long, and sometimes there might be some drama with some of them too.. but you can look into it, since members of a quite a few different forum ranks will participate in various ones.

Here is the main signature campaign thread, and there may be some other signature campaign threads.. I personally don't really participate in any of those for the past 7-ish years, yet it surely is a thing that this forum offers that brings a certain kind of potential financial advantage that can help to supplement a guys income, especially if he is already regularly participating in this forum.

Thank you for explaining the matter in such detail. I have done a little research on the subject of signature campaigns. However, to participate in these campaigns, need  to follow certain rules, rank positions and post consistently. I still do not feel ready for these signature campaigns, although I do not have that much quality at present. I mainly want to understand the details of Bitcoin related issues in this forum. I want to get a proper idea about investment, which I have learned a lot in these few days after your posts and you yourself have cleared up many of my misconceptions and solved various problems. If there is an opportunity to join this signature campaign in the future, then it will be noted. Because if I earn $20-$40 from there, then I can buy Bitcoin with that too.  But now I want to stay focus on bitcoin investment.

You can see available campagins in the service board
https://bitcointalk.org/index.php?board=52.0

You need to rank up your account at least until Member rank. Then you will eventually find one.

Just keep participating in the forum, posting quality content and you will rank up and eventually join a signature campaign and earn a few sats

I have realized that if I can improve the quality of my posts, I can get a good position in the forum. What I have understood by saying quality posts is that if someone benefits from my post, or if someone else can learn from my perspective and experience, that kind of post is quality posts. I checked my profile and it says Newbie, which means I am completely new. Hehe  ,. While I am still learning myself, it will take time for someone else to learn from me. However, in future  I will try to spread positivity of bitcoin in forums, not only in this forum but also among the trusted people who living  around me.

Since this thread is opened for discussing investment-related topics, it may not be right for me to talk or ask about topics outside of it. If there is an interest in knowing anything outside of investment, I will post it in Beginners and  Help later.

[laspol65]

For me, the fund management for buying Bitcoins every week seems a bit troublesome. I can buy Bitcoins as soon as I get my monthly salary. I thought like this at the initial stage.

Of course, you can do whatever you like in terms of frequency.  I gave my recommendation for weekly, which largely relates to attempting to incentivize activism, learning and potentially more aggressiveness, which likely is preferred while you are getting used to investing in bitcoin, yet I recognize that the amount is so small that it is going to take you quite a bit of time to really invest a sizable amount of value into bitcoin since you are ONLY investing about 6.7% of your income into bitcoin, and for several years (probably since at least 2020), I have been recommending investing 5% to 25% of your income into bitcoin, so you are towards the lower end of my own recommended investment range and at the same time, surely better than nothing, and you have to figure out what works for your own situation, which you seem to have worked through how to apply your own numbers... and you could put yourself into a worse situation if you ended up overstressing yourself, either financially or psychologically... .. and you can see how your currently chosen system goes and make adjustments to it from time to time as you get used to having the application of your system within your monthly routine.

Thank you for your valuable advice. Buying Bitcoin weekly as you said is really reasonable. However, since my salary comes every month, I think buying Bitcoin monthly is beneficial for me. After receiving my monthly salary, I will be able to monitor my spending plan, savings, and Bitcoin investment together. Now, buying Bitcoin weekly will cause problems in my budgeting because even if I have money, I spend it on various unnecessary things. This may increase unnecessary stress. Since I am planning a long-term investment, I do not know how successful I will be. So, if my income increases in the future, I can focus on investing increasing 5% to 25% of my income as you said. Then maybe I will be able to invest a large part of my income.

You are right. For a monthly salary job, investing once a month seems most convenient to me. Honestly, I find it easier to manage budget, savings, and buying Bitcoin together after getting paid. If we have cash in hand, it is spent on small expenses. Then the budget for buying Bitcoin loses balance.

The main thing is, we can buy Bitcoin at the time of the week or month when it seems convenient. But the most important thing is to maintain regularity and invest with money that can be HODLed patiently in the long term..As JayJuanGee Boss has taught us over and over again

The more discretionary income you have, the more you can invest in Bitcoin. Note that if you buy Bitcoin once a month, you can buy 12 times a year. But you will be better off if you buy Bitcoin weekly, because if you buy Bitcoin weekly, you can buy Bitcoin 52 times a year. Remember that the more you can buy, the more your money will be useful for the future and you will have more Bitcoin to accumulate. Remember, the more often you buy Bitcoin, the more you will be able to accumulate your Bitcoin.

[Barrykbest]

First of all @JayJuanGee I would like to thank you for explaining all the things to me in such a detailed and simple way. Although I had read your posts in this thread, I may have misunderstood some things . That is why there were some misunderstandings and some things were not clearly understood. Now I have understood correctly, especially the topics of backup fund, Bitcoin accumulation and DCA investment method. And you have explained the topics step by step with real examples and I had some questions you also clarify that . I have no problem with these  now. I have also got a strong idea about long-term mindset, patience, and emotion control.

My monthly income is $750. My salary is incremented by 10% every year. I spend about $500 every month for my daily life expenses , out of the remaining $250, I have a fixed deposit savings of about $80 which will take about 2 years to finish. I have $150 to $170 per month as discretionary income. I can buy Bitcoins every month for $80 to $100 based on my current situation, but since I will have to spend both my backup fund and Bitcoin accumulation, I might buy Bitcoins for $50 initially and keep the remaining $50 as a backup fund. For me, the fund management for buying Bitcoins every week seems a bit troublesome. I can buy Bitcoins as soon as I get my monthly salary. I thought like this at the initial stage.

If you ever find that you have a little leftover during the month, you can still do small DCA top-ups in between. It doesn’t have to be weekly or monthly the thing here is to stay flexible and make sure every buy is from funds you can afford to hold long term.
Your mindset of learning first before rushing into signature campaigns is also the right path. Building understanding around Bitcoin and how to manage money wisely will make every sat you earn or invest much more valuable.

[JayJuanGee]

Let's say that you are starting out with knowledge that you are going to be able to wrangle up and dedicate $150 to $170 of your income every month towards bitcoin, and since there are 4.3 weeks per month, you therefor have somewhere between $35 and $40 per week.. and sure if you are scared that you might mess it up, then maybe you decide that no matter what you will invest $25 per week, and then at the end of the month, you will invest whatever is left over from what you end up having available.. so there are ways to get ahead of these matters and even to structure your own monthly cashflow situation in such a way that you purposefully hold back certain amounts of value to have as a float and to put yourself on a schedule in which you are giving a certain level of priority and ongoing reinforcement to your learning about bitcoin and your being able to practice such learning on a weekly basis.. and yeah, sure maybe you don't want to spend so much time on bitcoin and yeah maybe you are not very serious about bitcoin, even though I find that many of us when we get into bitcoin, we increasingly will increase our prioritization towards wanting to learn more and more about it, yet at the same time, we have to put in systems that we control ourselves in terms of both our budget and our psychology since each of us likely have limitations in our budget (as you mentioned yours to be while still considering that there might be ways that you might be able to incrementally increase the amount of budget that you put into bitcoin as you become more comfortable with it..

After my monthly expenses, I have $150 to $170 left. But I cannot invest in Bitcoin with this entire amount. Because every month some extra expenses arise, I can invest a maximum of $100 in Bitcoin from there. But I do not have a separate backup fund. That is why I initially wanted to invest $50 in Bitcoin and keep $50 as a backup fund. But I have money saved for several years, which is quite a lot. I make a monthly fixed deposit in the bank.

If you already have money that you keep in the bank, you already have back up funds. It is just a matter how you incorporate your already back up funds in regards to what you are keeping to protect your bitcoin, so whatever role your current back up funds is playing may well also be able to serve as funds to be able to protect you from having to tap into your bitcoin at a time that is not of your choosing.  You have to consider your own priorities and how you arrange funds and/or resource that you already have that you might not have had been properly counting in connection with a new priority that you might have had developed and built related to your including bitcoin into your life from here on out.

If I want, I can consider it as a backup fund, as a result, I can buy Bitcoin with the entire amount of extra money that is left.

Personally, I think that it is likely best if you consider whatever assets and/or savings and/or other investment funds as verious parts of your back up funds.  It can help you to be more aggressive in your bitcoin investment (if you were to choose to do so) based on the various kinds of assets and/or savings that you already have at the time that you are coming to bitcoin.

Actually, I doubt how useful a backup fund will be in practical life . For example, I have been saving money in the bank for several years, but I do not feel the need for that deposited fund for any circumstances . Because my income source is quite stable.

It seems to me that back up funds are more important in bitcoin, and especially the more aggressive you choose to be in your bitcoin accumulation approach.  Back up funds can save you from mistakes of overrspending and they become especially important when you have such a volatile investment such as bitcoin because if you end up establishing a 4-10 year or longer investment timeline, then  you likely would not be wanting to accidentally or incidentally or opportunistically be selling any coins too early while you are still building up your bitcoin investment, and you don't necessarily want to sell any of them whether they are in profits or not... So your back up funds can really help you.

I will concede that your backup funds might not serve as much of a role if your income is already high and you have a pretty steady discretionary income and you are not really spending in high ways from your discretionary income.  By defiinition bitcoin changes your practices in regards to your discretionary income because you will be purposefully withdrawing from them on a weekly (or perhaps monthly in your case) basis, and even though you have that money in the form of bitcoin, if you are disciplined and strict, you have mentally categorized your bitcoin holdings as "untouchable" for 4-10 years or longer, absent spend and replace situations.  Accordingly back up funds are going to serve a much more important role in your cashflow management systems /practices, especially the more aggressive you personally choose to be (and authorize yourself to be).

Of course, you have the option to do what you like on the aggressive veruss whimpy approach to bitcoin, so yeah, if you choose to invest in bitcoin in a pretty whimpy way, then you can just go on with your life and bitcoin may well not affect you much either way.. .. yet 10 years down the road, you might regret your choice to be whimpy in your bitcoin investment approach.

I personally consider anyone choosing to invest less than 5% of their income into bitcoin to potentially be in the whimpy camp, yet of course, I personally don't know all of the details of every person.. yet since around early 2020, I had started to recommend that everyone start out in bitcoin with something like 5% to 25% of their income invested into bitcoin, and yeah of course, all of that investment needs to be discretionary income, and I admit that surely there are some folkls who do not have even close to any ability to invest more than 10% of their income into bitcoin.. since they are already struggling to get their discretionary income up to that much of their weekly or monthly income.

I had engaged in signature campaigns for a couple of years and earned the kinds of income that bitmover had mentioned, yet for me I found them to be too much of a hassle.. even though surely there are many guys who end up profiting quite well from signature campaigns and they might not even need to change what they are doing anyhow, except just getting accepted to a signature campaign and then largely posting how they otherwise would post.  Many signature campaigns have a rank requirement, so you might have to just continue to engage and build up your post count and other ways contributing substantively in your posts, and you likely would be able to qualify for getting accepted to a signature campaign.. .. and yeah, sometimes the signature campaigns might not last for very long, and sometimes there might be some drama with some of them too.. but you can look into it, since members of a quite a few different forum ranks will participate in various ones.

Here is the main signature campaign thread, and there may be some other signature campaign threads.. I personally don't really participate in any of those for the past 7-ish years, yet it surely is a thing that this forum offers that brings a certain kind of potential financial advantage that can help to supplement a guys income, especially if he is already regularly participating in this forum.

Thank you for explaining the matter in such detail. I have done a little research on the subject of signature campaigns. However, to participate in these campaigns, need  to follow certain rules, rank positions and post consistently. I still do not feel ready for these signature campaigns,

Sure.. No problem.

You are still pretty new to the forum, yet at least you now know that they are an option to consider.

although I do not have that much quality at present.

Some of the best posters are the ones who post from experience and interact with other members without being overly presumptive.  So in that regard, you seem to have some good posts, even if you are merely asking questions and even if you are working through some of the ideas of getting started in your bitcoin investment journey.. . and perhaps considering ways to reconsider your cashflow management systems and/or practices.

There are quite guys who are brand new to the forum, and they don't have shit to offer, since it is difficult to understand what they are saying and even questions about if they are writing their own posts, or they are getting assistance from bots to write their posts.  The better posters will tend to stand out.

You can merely just spend some time and look around and figure out if you want to spend very much time on the forum.. some times it can be a time suck, and so "we" might not know if our time has been sucked by interactions on the forum or maybe due to our wanting to learn more about bitcoin.. . thorugh participating in various forum threads.  

I mainly want to understand the details of Bitcoin related issues in this forum. I want to get a proper idea about investment, which I have learned a lot in these few days after your posts and you yourself have cleared up many of my misconceptions and solved various problems. If there is an opportunity to join this signature campaign in the future, then it will be noted. Because if I earn $20-$40 from there, then I can buy Bitcoin with that too.  But now I want to stay focus on bitcoin investment.

Some of them denominate the pay in dollars, but they pay you in bitcoin... so it can be a bit convenient for guys who are wanting to stack away more sats and even if the amounts are not super large, they may well start to add up quite well, especially as a way to supplement your already existing income.. to the extent that might be helpful to you.

Another thing is that there tends to be quite a few areas to look into bitcoin, which maybe is part of the reason that I still participate quite a bit, and then I have some other projects too.. and sometimes there seems to not be enough hours in the day.

You can see available campagins in the service board
https://bitcointalk.org/index.php?board=52.0
You need to rank up your account at least until Member rank. Then you will eventually find one.

Just keep participating in the forum, posting quality content and you will rank up and eventually join a signature campaign and earn a few sats

I have realized that if I can improve the quality of my posts, I can get a good position in the forum. What I have understood by saying quality posts is that if someone benefits from my post, or if someone else can learn from my perspective and experience, that kind of post is quality posts.

If you are drawing from your experiences, those sound like quality posts, and yeah sure sometimes your experiences or your perspectives might also seem weird, so there might be a bit of back and forth in order to figure out the extent to which other members might agree with you or not... and yeah, sometimes your own posting from experience will inspire some other members (perhaps even the bot members) to figure out some of their own personal experiences, to the extent that they have any.  I sometimes get criticized for not recognizing some of the bots... so it is not necessarily easy to recognize bots.. and some of us are sometimes skeptical and even hostile to some of the newbie members, since there might be questions in regards to if they are bots or not.

I checked my profile and it says Newbie, which means I am completely new. Hehe  ,. While I am still learning myself, it will take time for someone else to learn from me.

Newbies can also have quite a few interesting experiences, skills and/or perspectives.  There are some guys who will focus on certain topics related to bitcoin and then really pursue an angle of investigation that is particularly interesting to them, and my own perspectives have changed in the past almost 12 years that I have been registered here.

However, in future  I will try to spread positivity of bitcoin in forums, not only in this forum but also among the trusted people who living  around me.

There are quite a few of us who consider bitcoin first, yet other folks will get sucked into shitcoins and/or trading.. . I tend to find that if a member is talking too much about shitcoins, then I won't usually run across them, since I don't tend to participate in the shitcoin threads, even though shitcoins will still come up as a topic in bitcoin threads. Some members have way more tolerance in regards to shitcoins and/or trading than I do, yet I do still end up talking about some of those topics from time to time.

Since this thread is opened for discussing investment-related topics, it may not be right for me to talk or ask about topics outside of it. If there is an interest in knowing anything outside of investment, I will post it in Beginners and  Help later.

Yeah, it is usually best to try to stick with the topic of the thread, mostly, .. and if another member brings up some other topic, sometimes it might still be acceptable to respond to the other member, but there is a bit of a discourtesy if you deviate too much from the topic of a thread, so you should attempt to stay on the thread's topic, and maybe more as a newbie and as other members are getting to know you.

There are other thread topics already, and if there is not a topic that is close enough to your topic, then you can create your own thread.  I have ONLY started a few threads in my whole time on the forum, and surely other members tend to start threads way more frequently.  If you like the way a member posts, then sometimes you can just look at his profile and see if he has started other threads that might be of interest to you and it tends to be better to learn from the members who are good posters as compared to some of the posts are just pure garbage and difficult to understand.

[Xackie]

Let's say that you are starting out with knowledge that you are going to be able to wrangle up and dedicate $150 to $170 of your income every month towards bitcoin, and since there are 4.3 weeks per month, you therefor have somewhere between $35 and $40 per week.. and sure if you are scared that you might mess it up, then maybe you decide that no matter what you will invest $25 per week, and then at the end of the month, you will invest whatever is left over from what you end up having available.. so there are ways to get ahead of these matters and even to structure your own monthly cashflow situation in such a way that you purposefully hold back certain amounts of value to have as a float and to put yourself on a schedule in which you are giving a certain level of priority and ongoing reinforcement to your learning about bitcoin and your being able to practice such learning on a weekly basis.. and yeah, sure maybe you don't want to spend so much time on bitcoin and yeah maybe you are not very serious about bitcoin, even though I find that many of us when we get into bitcoin, we increasingly will increase our prioritization towards wanting to learn more and more about it, yet at the same time, we have to put in systems that we control ourselves in terms of both our budget and our psychology since each of us likely have limitations in our budget (as you mentioned yours to be while still considering that there might be ways that you might be able to incrementally increase the amount of budget that you put into bitcoin as you become more comfortable with it..

After my monthly expenses, I have $150 to $170 left. But I cannot invest in Bitcoin with this entire amount. Because every month some extra expenses arise, I can invest a maximum of $100 in Bitcoin from there. But I do not have a separate backup fund. That is why I initially wanted to invest $50 in Bitcoin and keep $50 as a backup fund. But I have money saved for several years, which is quite a lot. I make a monthly fixed deposit in the bank. If I want, I can consider it as a backup fund, as a result, I can buy Bitcoin with the entire amount of extra money that is left. Actually, I doubt how useful a backup fund will be in practical life . For example, I have been saving money in the bank for several years, but I do not feel the need for that deposited fund for any circumstances . Because my income source is quite stable.

I had engaged in signature campaigns for a couple of years and earned the kinds of income that bitmover had mentioned, yet for me I found them to be too much of a hassle.. even though surely there are many guys who end up profiting quite well from signature campaigns and they might not even need to change what they are doing anyhow, except just getting accepted to a signature campaign and then largely posting how they otherwise would post.  Many signature campaigns have a rank requirement, so you might have to just continue to engage and build up your post count and other ways contributing substantively in your posts, and you likely would be able to qualify for getting accepted to a signature campaign.. .. and yeah, sometimes the signature campaigns might not last for very long, and sometimes there might be some drama with some of them too.. but you can look into it, since members of a quite a few different forum ranks will participate in various ones.

Here is the main signature campaign thread, and there may be some other signature campaign threads.. I personally don't really participate in any of those for the past 7-ish years, yet it surely is a thing that this forum offers that brings a certain kind of potential financial advantage that can help to supplement a guys income, especially if he is already regularly participating in this forum.

Thank you for explaining the matter in such detail. I have done a little research on the subject of signature campaigns. However, to participate in these campaigns, need  to follow certain rules, rank positions and post consistently. I still do not feel ready for these signature campaigns, although I do not have that much quality at present. I mainly want to understand the details of Bitcoin related issues in this forum. I want to get a proper idea about investment, which I have learned a lot in these few days after your posts and you yourself have cleared up many of my misconceptions and solved various problems. If there is an opportunity to join this signature campaign in the future, then it will be noted. Because if I earn $20-$40 from there, then I can buy Bitcoin with that too.  But now I want to stay focus on bitcoin investment.

You can see available campagins in the service board
https://bitcointalk.org/index.php?board=52.0

You need to rank up your account at least until Member rank. Then you will eventually find one.

Just keep participating in the forum, posting quality content and you will rank up and eventually join a signature campaign and earn a few sats

I have realized that if I can improve the quality of my posts, I can get a good position in the forum. What I have understood by saying quality posts is that if someone benefits from my post, or if someone else can learn from my perspective and experience, that kind of post is quality posts. I checked my profile and it says Newbie, which means I am completely new. Hehe  ,. While I am still learning myself, it will take time for someone else to learn from me. However, in future  I will try to spread positivity of bitcoin in forums, not only in this forum but also among the trusted people who living  around me.

Since this thread is opened for discussing investment-related topics, it may not be right for me to talk or ask about topics outside of it. If there is an interest in knowing anything outside of investment, I will post it in Beginners and  Help later.

I personally been struggling to drop quality post for days now, sometimes the problem may not be knowing what to say or advice to give in some situation, but putting it in writing that can converted to meaning information.  We are in this together bro, on the investment side, it’s good that you’re trying to stay focused. Having a stable income and some savings already puts you in a stronger position than many new newbies like me 😁. If you prefer to build Bitcoin first and think about signature campaigns alongside then that’s a very good approach.

[SuperBitMan]

First of all @JayJuanGee I would like to thank you for explaining all the things to me in such a detailed and simple way. Although I had read your posts in this thread, I may have misunderstood some things . That is why there were some misunderstandings and some things were not clearly understood. Now I have understood correctly, especially the topics of backup fund, Bitcoin accumulation and DCA investment method. And you have explained the topics step by step with real examples and I had some questions you also clarify that . I have no problem with these  now. I have also got a strong idea about long-term mindset, patience, and emotion control.

My monthly income is $750. My salary is incremented by 10% every year. I spend about $500 every month for my daily life expenses , out of the remaining $250, I have a fixed deposit savings of about $80 which will take about 2 years to finish. I have $150 to $170 per month as discretionary income. I can buy Bitcoins every month for $80 to $100 based on my current situation, but since I will have to spend both my backup fund and Bitcoin accumulation, I might buy Bitcoins for $50 initially and keep the remaining $50 as a backup fund. For me, the fund management for buying Bitcoins every week seems a bit troublesome. I can buy Bitcoins as soon as I get my monthly salary. I thought like this at the initial stage.

If you ever find that you have a little leftover during the month, you can still do small DCA top-ups in between. It doesn’t have to be weekly or monthly the thing here is to stay flexible and make sure every buy is from funds you can afford to hold long term.
Your mindset of learning first before rushing into signature campaigns is also the right path. Building understanding around Bitcoin and how to manage money wisely will make every sat you earn or invest much more valuable.

Yes you are right, one should be flexible when it comes to Bitcoin investment, there are some times I get extra income and I have no use for it I just use it to accumulate more Bitcoin, you can't be using only the money you get from your salary or discretionary income if you have extra income you can still use it to accumulate Bitcoin.
Yes if you know how to manage money wisely you will grow and succeed in your Bitcoin investment journey, those that really don't know how to manage there income usually have issues, that is why management skill is always talked about if you have a good management skill you will succeed in Bitcoin investment.

[Fara Chan]

<<<

If you ever find that you have a little leftover during the month, you can still do small DCA top-ups in between. It doesn’t have to be weekly or monthly the thing here is to stay flexible and make sure every buy is from funds you can afford to hold long term.
Your mindset of learning first before rushing into signature campaigns is also the right path. Building understanding around Bitcoin and how to manage money wisely will make every sat you earn or invest much more valuable.

Everything you've said is part of the process and preparation of someone who wants to become an investor and also wants to hold Bitcoin for the long term. However, if their DCA is already running smoothly, I don't think they need to add more funds for this, even if they're currently not having much difficulty managing their own life. Because in such cases, consistency in purchasing is essential to maintaining a steady Bitcoin accumulation. For other things, like paid Bitcoin campaigns, this is another option that anyone can pursue as long as they understand the rules.

[BigBos]

If you ever find that you have a little leftover during the month, you can still do small DCA top-ups in between. It doesn’t have to be weekly or monthly the thing here is to stay flexible and make sure every buy is from funds you can afford to hold long term.
Your mindset of learning first before rushing into signature campaigns is also the right path. Building understanding around Bitcoin and how to manage money wisely will make every sat you earn or invest much more valuable.

Yes you are right, one should be flexible when it comes to Bitcoin investment, there are some times I get extra income and I have no use for it I just use it to accumulate more Bitcoin, you can't be using only the money you get from your salary or discretionary income if you have extra income you can still use it to accumulate Bitcoin.
Yes if you know how to manage money wisely you will grow and succeed in your Bitcoin investment journey, those that really don't know how to manage there income usually have issues, that is why management skill is always talked about if you have a good management skill you will succeed in Bitcoin investment.

There's no set time limit for when we want to do DCA; we can do it anytime we have the funds. In fact, sometimes we create the pressure to do it, and I think that's a good thing because it means we're trying to be disciplined in doing DCA.

However, don't force yourself if you feel like that month isn't financially secure. I sometimes skip a few weeks when I first start doing DCA. But over time, we'll find a pattern or good management that will allow us to be more disciplined and consistent in doing DCA.

[Merit.s]

There's no set time limit for when we want to do DCA; we can do it anytime we have the funds. In fact, sometimes we create the pressure to do it, and I think that's a good thing because it means we're trying to be disciplined in doing DCA.

However, don't force yourself if you feel like that month isn't financially secure. I sometimes skip a few weeks when I first start doing DCA. But over time, we'll find a pattern or good management that will allow us to be more disciplined and consistent in doing DCA.

I agree with you. If you're DCAing and your expenses for that weak exceeds the normal amount to the point that you are left with no discretionary income, you don't need to bother yourself on buying bitcoin that week. You continue your buy order the next week. This is why it's good that as a bitcoin investor when you have started your bitcoin investment, you should also look for other means to increase your income so that your discretionary income will also increase, so that you wouldn't find it difficult of skipping any week due to lack of discretionary income.

Consistent and persistent ongoing bitcoin accumulation overtime gives you the best result and builds your bitcoin portfolio faster.

[Barrykbest]

If you ever find that you have a little leftover during the month, you can still do small DCA top-ups in between. It doesn’t have to be weekly or monthly the thing here is to stay flexible and make sure every buy is from funds you can afford to hold long term.
Your mindset of learning first before rushing into signature campaigns is also the right path. Building understanding around Bitcoin and how to manage money wisely will make every sat you earn or invest much more valuable.

Yes you are right, one should be flexible when it comes to Bitcoin investment, there are some times I get extra income and I have no use for it I just use it to accumulate more Bitcoin, you can't be using only the money you get from your salary or discretionary income if you have extra income you can still use it to accumulate Bitcoin.
Yes if you know how to manage money wisely you will grow and succeed in your Bitcoin investment journey, those that really don't know how to manage there income usually have issues, that is why management skill is always talked about if you have a good management skill you will succeed in Bitcoin investment.

There's no set time limit for when we want to do DCA; we can do it anytime we have the funds. In fact, sometimes we create the pressure to do it, and I think that's a good thing because it means we're trying to be disciplined in doing DCA.

However, don't force yourself if you feel like that month isn't financially secure. I sometimes skip a few weeks when I first start doing DCA. But over time, we'll find a pattern or good management that will allow us to be more disciplined and consistent in doing DCA.

Yea, actually DCA works best when it’s consistent, but also flexible enough to fit your financial situation. Skipping a week or two doesn’t mean failure; it just shows that you’re prioritizing financial stability, which is key for a long-term investor.
The focus should always be discipline without pressure. Even if you do DCA monthly or occasionally topping up when extra funds appear,  I will always say ensure you keep the  habit alive for years, not weeks. Over time, this patience builds both your portfolio and confidence in your investment plan.

[BigBos]

There's no set time limit for when we want to do DCA; we can do it anytime we have the funds. In fact, sometimes we create the pressure to do it, and I think that's a good thing because it means we're trying to be disciplined in doing DCA.

However, don't force yourself if you feel like that month isn't financially secure. I sometimes skip a few weeks when I first start doing DCA. But over time, we'll find a pattern or good management that will allow us to be more disciplined and consistent in doing DCA.

I agree with you. If you're DCAing and your expenses for that weak exceeds the normal amount to the point that you are left with no discretionary income, you don't need to bother yourself on buying bitcoin that week. You continue your buy order the next week. This is why it's good that as a bitcoin investor when you have started your bitcoin investment, you should also look for other means to increase your income so that your discretionary income will also increase, so that you wouldn't find it difficult of skipping any week due to lack of discretionary income.

Consistent and persistent ongoing bitcoin accumulation overtime gives you the best result and builds your bitcoin portfolio faster.

So, we can buy Bitcoin anytime, as long as we have the money. If we don't have the money that week, it's okay not to buy. Even forcing ourselves isn't good, as it will interfere with our other needs.

Yes, I agree with you. With our motivation for DCA, we should strive to find other sources of income to be more consistent. If we're employed, then start looking for additional income, such as starting a small business. And if we're a business owner, then we should expand our business, such as opening a branch.

[Gost ms]

Yes you are right, one should be flexible when it comes to Bitcoin investment, there are some times I get extra income and I have no use for it I just use it to accumulate more Bitcoin, you can't be using only the money you get from your salary or discretionary income if you have extra income you can still use it to accumulate Bitcoin.
Yes if you know how to manage money wisely you will grow and succeed in your Bitcoin investment journey, those that really don't know how to manage there income usually have issues, that is why management skill is always talked about if you have a good management skill you will succeed in Bitcoin investment.

I completely agree with your comment. Because there are many people who cannot manage their finances properly and after a while they have to face many difficulties in investing. For example, they cannot find discretionary income for additional expenses, etc. Due to many such difficulties, the continuity of investment is lost. However, if a person needs money for an urgent need, such as additional tuition fees of his son or daughter or additional house rent, etc., if he cannot find discretionary income for such additional expenses, then it would be better for a person to stop investing for that week or month.

But yes, if a person has a reserve fund, then if he wants, he can solve these problems from the reserve fund. But if he does not have a reserve fund, then he can stop investing and deal with these crises.

[As-Soon-As]

Yes you are right, one should be flexible when it comes to Bitcoin investment, there are some times I get extra income and I have no use for it I just use it to accumulate more Bitcoin, you can't be using only the money you get from your salary or discretionary income if you have extra income you can still use it to accumulate Bitcoin.
Yes if you know how to manage money wisely you will grow and succeed in your Bitcoin investment journey, those that really don't know how to manage there income usually have issues, that is why management skill is always talked about if you have a good management skill you will succeed in Bitcoin investment.

I completely agree with your comment. Because there are many people who cannot manage their finances properly and after a while they have to face many difficulties in investing. For example, they cannot find discretionary income for additional expenses, etc. Due to many such difficulties, the continuity of investment is lost. However, if a person needs money for an urgent need, such as additional tuition fees of his son or daughter or additional house rent, etc., if he cannot find discretionary income for such additional expenses, then it would be better for a person to stop investing for that week or month.

But yes, if a person has a reserve fund, then if he wants, he can solve these problems from the reserve fund. But if he does not have a reserve fund, then he can stop investing and deal with these crises.

Bitcoin investment depends on discretionary income, the stronger the source of income, the more Bitcoins one can buy and create long-term holdings. However, having a discretionary income is very important, but if you create an emergency fund, it is possible to save Bitcoin holdings from any danger. However, if you follow the regular DCA method, it becomes much easier and safer to keep Bitcoin for a long time, every Bitcoin holder should follow the DCA method. In this, holding Bitcoin for a long time and following the regular DCA method, it is reasonable to save money and buy dips at the present time.

[SuperBitMan]

If you ever find that you have a little leftover during the month, you can still do small DCA top-ups in between. It doesn’t have to be weekly or monthly the thing here is to stay flexible and make sure every buy is from funds you can afford to hold long term.
Your mindset of learning first before rushing into signature campaigns is also the right path. Building understanding around Bitcoin and how to manage money wisely will make every sat you earn or invest much more valuable.

Yes you are right, one should be flexible when it comes to Bitcoin investment, there are some times I get extra income and I have no use for it I just use it to accumulate more Bitcoin, you can't be using only the money you get from your salary or discretionary income if you have extra income you can still use it to accumulate Bitcoin.
Yes if you know how to manage money wisely you will grow and succeed in your Bitcoin investment journey, those that really don't know how to manage there income usually have issues, that is why management skill is always talked about if you have a good management skill you will succeed in Bitcoin investment.

There's no set time limit for when we want to do DCA; we can do it anytime we have the funds. In fact, sometimes we create the pressure to do it, and I think that's a good thing because it means we're trying to be disciplined in doing DCA.

However, don't force yourself if you feel like that month isn't financially secure. I sometimes skip a few weeks when I first start doing DCA. But over time, we'll find a pattern or good management that will allow us to be more disciplined and consistent in doing DCA.

True, there is no particular time we should be accumulating Bitcoin however it is very important that if you are working and you are being paid weekly or monthly that you accumulate weekly or monthly too, i believe that is the purpose for DCA strategy unless you are not working that you can decide to accumulate anytime you want as long as you are working as soon as you are paid your salary what you should do next is to remove money you will use to pay all your bills for that week or month and the discretionary income that is lift you use it to accumulate Bitcoin that is how DCA Bitcoin investment strategy works.
What I'm saying is that even after using your discretionary income to accumulate Bitcoin for that week or month if you still have extra cash maybe bonus or someone tips that is a good account of money and you really don't have use for it because you have already settled your bills with your salary then you can use it to accumulate more Bitcoin don't say because you have accumulated earlier you won't accumulate again till you receive another salary and you are lift with a Discretionary income.

[Jewan420]

Bitcoin investment depends on discretionary income, the stronger the source of income, the more Bitcoins one can buy and create long-term holdings. However, having a discretionary income is very important, but if you create an emergency fund, it is possible to save Bitcoin holdings from any danger. However, if you follow the regular DCA method, it becomes much easier and safer to keep Bitcoin for a long time, every Bitcoin holder should follow the DCA method. In this, holding Bitcoin for a long time and following the regular DCA method, it is reasonable to save money and buy dips at the present time.

Is DCA a strategy to keep your holdings safe in the long term? The DCA strategy cannot help you in any way in terms of saving or can not give you security. To make it easy and safe to keep your holdings in the long term, you need to seek help from discretionary income or money and backup funds. Even to keep your holdings safe, you need to gain knowledge and acquire skills about investing.

DCA is an investment strategy that helps you to be active in the market regularly and gives you the opportunity to buy without any complications. Buying in small amounts can protect you from panicking during market declines or reduce the possibility of panicking. Even you will have the additional advantage of buying opportunities at every moment of the market, you will have the opportunity to buy during market declines or dips.

[BigBos]

There's no set time limit for when we want to do DCA; we can do it anytime we have the funds. In fact, sometimes we create the pressure to do it, and I think that's a good thing because it means we're trying to be disciplined in doing DCA.

However, don't force yourself if you feel like that month isn't financially secure. I sometimes skip a few weeks when I first start doing DCA. But over time, we'll find a pattern or good management that will allow us to be more disciplined and consistent in doing DCA.

True, there is no particular time we should be accumulating Bitcoin however it is very important that if you are working and you are being paid weekly or monthly that you accumulate weekly or monthly too, i believe that is the purpose for DCA strategy unless you are not working that you can decide to accumulate anytime you want as long as you are working as soon as you are paid your salary what you should do next is to remove money you will use to pay all your bills for that week or month and the discretionary income that is lift you use it to accumulate Bitcoin that is how DCA Bitcoin investment strategy works.
What I'm saying is that even after using your discretionary income to accumulate Bitcoin for that week or month if you still have extra cash maybe bonus or someone tips that is a good account of money and you really don't have use for it because you have already settled your bills with your salary then you can use it to accumulate more Bitcoin don't say because you have accumulated earlier you won't accumulate again till you receive another salary and you are lift with a Discretionary income.

It's really in our own hands. If we want to consistently DCA and make larger amounts, we have to work harder to earn extra money. Our hard work will determine how much Bitcoin we can accumulate when we eventually take profits.

Don't aim for a large amount of Bitcoin if you're not willing to work hard, because you'll only have it according to your capabilities. I, myself, will do anything as long as it generates income, outside of my primary income. And that's incredibly helpful because it allows me to increase my allocation for buying Bitcoin.

[Jamwatte]

I just finished reading this topic about bitcoin investment.
I have learnt a lot from it but I have also have a lot of questions. But before I ask my questions, someone told something yesterday. The person replied to my comment. He said that I should go and learn more about bitcoin before I start my investment. But in the opening post 2 of this topic, you said that the lack of perfect knowledge should not stop you from getting started into investing in bitcoin.
Since I have already chose my strategy, can't I just start right away?.

One other question that I ask yesterday is if Bybit is recommended for buying bitcoin because that was what somebody told me. I have download the application but I have not bought anyone yet.

And to my main question
1. Is there a way to lock every bitcoin I buy for the next 10 years so that I will not use it
2. When I was reading Hypo 15, you talk about $10 per week and the actual budget I have in mind was approximately $7 but I think it is possible to make it $10 if I can look for extra job to do. The problem is that I am not sure if I can make it $100 per week anytime soon because my job don't pay that much. Do I still stand a chance to invest my $10 per week until I eventually get a better job which is not certain ?.
You also talk about three ways to consider btc accumulation. Is the dca a better option for the $10 per week?.