JJG’s Outline of Bitcoin Investment Ideas

[Taskford]

yes you are right about this, we should always make people to be aware of the risk that comes with investing in bitcoin and not just to sweet talk then into buying. If they happen to buy without knowing the risk involved if anything goes wrong they will hold the person that introduced them into accountable for there loss. If people are full aware of what they are going into if things didn't go as plan they won't blame any body for that but if they are not aware that is when they will throw the blame on person that introduced them to bitcoin.

people would still blame you if anything happens even after telling them about the risk involved. They would blame you because they might believe you sweet-talk them into investing in a scam project if their investment wasn't go as planned. Whether they knew the risk and still go ahead with the investment, so far, you were the one who brought them in,they might still hold you accountable. Simply because you told them about the pros and cons, wouldn't  prevent them from blaming you or holding you accountable especially if they invested income they couldn't afford losing.

Don't generalize that everyone would blame you if anything bad happen with their investment. Since if it really happens that you missed something that they need to learn or forget about saying some disclaimers that investing on Bitcoin still posses risk, maybe in that case maybe they will find something to blame on you.

But if they really have bad attitude like even if you say all those things needed to consider so that they would learn, then still they blame you then I think that we cannot do anything with those tantrums they have and better try to ignore them.

People in right mind provably won't do that and only childish or immature person will blame other individual on the mistakes they have committed while they are investing on Bitcoin.

[SPIDERMAN008]

Yes you are right if you are introducing someone into bitcoin investment you need to tell them the advantage and also the disadvantage of Bitcoin investment, bitcoin does not have only advantage it also has its own disadvantage and you should tell someone you are introducing into it the disadvantage of it so he or she won't blame you when he starts getting those disadvantage, for example some set of people don't tell the person they are introducing into Bitcoin that bitcoin investment involves patient and you have to wait for a very long time to gain profit from it if you are an investor, and those who are also introducing people into bitcoin for trading purpose usually don't tell them that they can also lose.
Learn to tell anyone you are introducing into Bitcoin the advantage and disadvantage of Bitcoin investment or bitcoin trading.

Whether Bitcoin is beneficial or disadvantageous will depend on the behavior of the investor during the investment process. You can only advise someone new  investing with low risk or high risk. But if the price starts to fall during the investment process, you have no way to protect anyone from panic selling. In this case, the investor has to decide what to do. Here, the investor has no chance of avoiding responsibility for his own mistakes. This is not just one thing, if you think beyond theoretical thinking. For example, a person does not have a strong income flow, does not have regular discretionary income, he panics to solve any problem and has a tendency to make wrong decisions due to emotions, he does not have any savings or other physical assets, then he is already at risk with his life. If he comes to invest in Bitcoin in this condition, he will get into even bigger financial problems. Bitcoin is now and will be in the future. Just because someone tells you about Bitcoin, it doesn't mean you have to invest, and you can't do it without thinking about it. If you don't have the ability to invest for a long time, then it's not a good idea to invest in Bitcoin. And the person who will invest will decide on all these things. He will invest after understanding his own advantages and disadvantages.

[JayJuanGee]

Yes you are right if you are introducing someone into bitcoin investment you need to tell them the advantage and also the disadvantage of Bitcoin investment, bitcoin does not have only advantage it also has its own disadvantage and you should tell someone you are introducing into it the disadvantage of it so he or she won't blame you when he starts getting those disadvantage, for example some set of people don't tell the person they are introducing into Bitcoin that bitcoin investment involves patient and you have to wait for a very long time to gain profit from it if you are an investor, and those who are also introducing people into bitcoin for trading purpose usually don't tell them that they can also lose.
Learn to tell anyone you are introducing into Bitcoin the advantage and disadvantage of Bitcoin investment or bitcoin trading.

Whether Bitcoin is beneficial or disadvantageous will depend on the behavior of the investor during the investment process. You can only advise someone new  investing with low risk or high risk. But if the price starts to fall during the investment process, you have no way to protect anyone from panic selling. In this case, the investor has to decide what to do. Here, the investor has no chance of avoiding responsibility for his own mistakes. This is not just one thing, if you think beyond theoretical thinking. For example, a person does not have a strong income flow, does not have regular discretionary income, he panics to solve any problem and has a tendency to make wrong decisions due to emotions, he does not have any savings or other physical assets, then he is already at risk with his life. If he comes to invest in Bitcoin in this condition, he will get into even bigger financial problems. Bitcoin is now and will be in the future. Just because someone tells you about Bitcoin, it doesn't mean you have to invest, and you can't do it without thinking about it. If you don't have the ability to invest for a long time, then it's not a good idea to invest in Bitcoin. And the person who will invest will decide on all these things. He will invest after understanding his own advantages and disadvantages.

If a person figures out that he does not have discretionary funds then he cannot invest in bitcoin. 

If a guy invests in bitcoin, but then realizes that he needs the money for expenses, then he made a mistake, and he has to live with the consequences of his mistake.

If a guy has discretionary funds, yet he is not sure if he wants to invest in bitcoin, then surely he has to get to a point that he is ready, willing and able to invest in bitcoin  and perhaps that he is willing to lock up the money that he invests for 4-10 years or longer.

Many times if a person is hesitant to invest into bitcoin, they might just choose a smaller position size in order to get comfortable investing into it, yet there still needs to be some determination that the guy has discretionary funds and is investing using his discretionary funds, and he is not using money that he needs for his expenses for the next 4-10 years or longer.

If a person does not want to commit to 4-10 years or longer, then they might be starting out with a trading mindset rather than an investor's mindset, so they could still get started, yet I personally recommend investing in bitcoin not trying to trade it.

[Barikui1]

If a person does not want to commit to 4-10 years or longer, then they might be starting out with a trading mindset rather than an investor's mindset, so they could still get started, yet I personally recommend investing in bitcoin not trying to trade it.

Most Bitcoin investors today started as a trader, and the reason they switched to full time investing in Bitcoin is simply because of the constant losses and when they finally got to a point where they felt like giving up, and at that point they look for something else to invest their money and time in, and when they discovered that investment in Bitcoin is a lot easier and more profitable, they decided to go that route.
Though it is always difficult from the start for such people because they are used to chasing quick profit but with time they will get used to it because most of them attain the right knowledge on how to go about their investment from the right source, but it's only those that got wrongfully adviced that decided to gamble on alt and shit coin ignorantly, but what am trying to say is that investment in Bitcoin is a lot easier when you are well informed from the start.

[HustleZ]

If a person figures out that he does not have discretionary funds then he cannot invest in bitcoin. 

If a guy invests in bitcoin, but then realizes that he needs the money for expenses, then he made a mistake, and he has to live with the consequences of his mistake.

If a guy has discretionary funds, yet he is not sure if he wants to invest in bitcoin, then surely he has to get to a point that he is ready, willing and able to invest in bitcoin  and perhaps that he is willing to lock up the money that he invests for 4-10 years or longer.

Many times if a person is hesitant to invest into bitcoin, they might just choose a smaller position size in order to get comfortable investing into it, yet there still needs to be some determination that the guy has discretionary funds and is investing using his discretionary funds, and he is not using money that he needs for his expenses for the next 4-10 years or longer.

If a person does not want to commit to 4-10 years or longer, then they might be starting out with a trading mindset rather than an investor's mindset, so they could still get started, yet I personally recommend investing in bitcoin not trying to trade it.

This is a very grounded take. Bitcoin isn't about hoping money grows quickly; its about allocating true discretionary capital with clear intent. And if someone invests money without emergency fund and the money they would later need, it's Not bitcoin's failure but rather poor planning. This mainly occurs when people are impatient who don't have a proper road map and plan but are eager to invest To Double,triple/ multiply their money like they have seen online. The moment you buy, you should be ready to lock away that capital for years and if there's hesitation, starting small to gain conviction is reasonable and wise.

[JayJuanGee]

If a person does not want to commit to 4-10 years or longer, then they might be starting out with a trading mindset rather than an investor's mindset, so they could still get started, yet I personally recommend investing in bitcoin not trying to trade it.

Most Bitcoin investors today started as a trader, and the reason they switched to full time investing in Bitcoin is simply because of the constant losses and when they finally got to a point where they felt like giving up, and at that point they look for something else to invest their money and time in, and when they discovered that investment in Bitcoin is a lot easier and more profitable, they decided to go that route.
Though it is always difficult from the start for such people because they are used to chasing quick profit but with time they will get used to it because most of them attain the right knowledge on how to go about their investment from the right source, but it's only those that got wrongfully adviced that decided to gamble on alt and shit coin ignorantly, but what am trying to say is that investment in Bitcoin is a lot easier when you are well informed from the start.

I am not saying that a newbie bitcoiner has to be well-informed from the start, but instead, I am saying that newbies need to get started, and there may well be good chances that any newbie is able to learn as he goes, including switching over from a trading mindset into an investment mindset, at least when it comes to bitcoin. 

The only requirements that I have been suggesting in order to get started is to have discretionary funds and also to have common sense.  With each of those two things, there is enough to get started.  Discretionary funds should be clear, which is money that exceeds what is needed for expenses, which means that the money can be spent on anything, which would include bitcoin.  Is the amount of those discretionary funds $10, $100, $1,000, $5k, or some other amount?  Of course, the higher the amount of the discretionary funds, then the more options (or the more to work with).

With common sense there would likely be incentives to learn and to not lose money, so even if a person starts with $30 per week, even if he might know that he is capable of investing $100 per week, common sense might tell him that he can get used to the process by starting out with $30 per week, and then move up to $100 per week once he gets comfortable and even after he studies bitcoin and even after he comes to realize that bitcoin is an investment rather than a trade.  Getting started helps to inform, guide and inspire, and common sense helps to give direction and priorities.  I assume that at least 97.5% of normal people have common sense, yet they still might need to spend some time practicing with it and learning what they know and what they don't know, so in that sense an overwhelming majority of folks already have all of the skills needed to get started investing in bitcoin, even if they might well have to pace themselves in order to get started investing within their means and to learn the various specifics related to bitcoin and related to cashflow management as they go.

Bitcoin can serve as a vehicle to inspire normie newbies to learn about investing in bitcoin and to strengthen their cashflow management systems and practices, and there may well be quite a few newbies to bitcoin who will be in a quite an unorganized and even chaotic situation at the time that they get started in bitcoin, yet when the start to look into bitcoin and figure out how to buy their $30 per week without overdoing it, then perhaps after a few weeks they are spending time studying bitcoin and organizing themselves better in terms of figuring out their income and their expenses.  They might even decide to increase their allocation to bitcoin after a few weeks or consider other funds that they might be able to move into bitcoin, yet it can take time to become comfortable with bitcoin and there might need to be some cautions in terms of really learning or just getting excited, so emotions will need to be controlled too.

There is no reason to delay getting started in bitcoin based on being in a bad situation, even though a person with common sense has to attempt to measure his circumstances and his emotions, yet it sure may be the case that some folks are going to have needs to prioritize putting some time into organizing their finances better and maybe projecting their cashflow in order that they can comfortably move up from their starting out amount at $30 per week and into their ability to invest at $100 per week. Some people learn faster than others, and some people have more life experiences than others, and common sense should help folks to understand their strengths and weaknesses.

The route of organizing is not going to be the same for everyone, yet I am not going to presume that people are not able to do it or they need to already be well-informed and/or organized before getting started, since all they need is discretionary income and common sense to get started, they can work on their level of informedness and their level of organization, and surely if they are not comfortable, then they reduce their position size, even though getting started continues to be an important thing, so it may well be too rash if they are not comfortable enough to at least put $10 in to get started.. and then study the matter and figure out what they are going to do the following week after they study the matter.   It seems to me that if a person has common sense, then they are likely going to need to engage in some amount of measuring in regards to how much they are able to start with.  And, remember, I had already assumed that they had calculated that they have discretionary funds, yet if they are not sure if they have discretionary funds, then they are going to have to figure out that part first, since it is necessary that they have discretionary funds in order to get started investing in bitcoin, otherwise they would be gambling rather than investing which is a bad way to start in bitcoin and gambling is not something that someone with common sense would want to do, which as I mentioned I do not recommend gambling and/or trading when it comes to bitcoin.

If a person figures out that he does not have discretionary funds then he cannot invest in bitcoin. 
If a guy invests in bitcoin, but then realizes that he needs the money for expenses, then he made a mistake, and he has to live with the consequences of his mistake.

If a guy has discretionary funds, yet he is not sure if he wants to invest in bitcoin, then surely he has to get to a point that he is ready, willing and able to invest in bitcoin  and perhaps that he is willing to lock up the money that he invests for 4-10 years or longer.
Many times if a person is hesitant to invest into bitcoin, they might just choose a smaller position size in order to get comfortable investing into it, yet there still needs to be some determination that the guy has discretionary funds and is investing using his discretionary funds, and he is not using money that he needs for his expenses for the next 4-10 years or longer.

If a person does not want to commit to 4-10 years or longer, then they might be starting out with a trading mindset rather than an investor's mindset, so they could still get started, yet I personally recommend investing in bitcoin not trying to trade it.

This is a very grounded take. Bitcoin isn't about hoping money grows quickly; its about allocating true discretionary capital with clear intent. And if someone invests money without emergency fund and the money they would later need, it's Not bitcoin's failure but rather poor planning.

Discretionary funds and emergency funds are not the same thing.

Emergency funds can be built as a person is investing in bitcoin.  They do not need to exist prior to getting started - except it makes no sense to not have any back up funds, since anyone could end up making mistakes in regards to calculating his expenses and it should be a goal that the bitcoin is being protected and prioritizing not having to tap into the bitcoin for 4-10 years or longer..

For example, maybe a person has $100 in his pocket, and he can get started investing in bitcoin. Now if the guy gets paid once a week around $200 and so he has to spend half of his income on expenses, then the other half is discretionary funds, yet if he has no other money, then it would be foolish for him to spend the whole $100 of his discretionary funds on bitcoin. 

Maybe he would only spend $50 on bitcoin and save the other $50 as back up funds until he gets his next paycheck in the next week... and he might have some additional unexpected expenses between paychecks.  So he can figure out ways to build up his back up funds and his bitcoin at the same time.

This mainly occurs when people are impatient who don't have a proper road map and plan but are eager to invest To Double,triple/ multiply their money like they have seen online. The moment you buy, you should be ready to lock away that capital for years and if there's hesitation, starting small to gain conviction is reasonable and wise.

You do not have to have a roadmap before you get started investing in bitcoin, even though you are correct that there should be a mental framework that if you are investing in bitcoin, then the money is going to be locked up for a long time, perhaps 4-10 years or longer. 

At the same time, to get started investing in bitcoin, all you need is discretionary funds and common sense.  You don't need a road map to start investing in bitcoin. You can learn as you go as long as you have discretionary funds and common sense.

Getting started is important, yet if a person might have some disorganization in his finances, it is better that he starts out slowly to make sure that he is investing from discretionary funds rather than money that he might need for expenses, and surely if anyone increases their interest in investing in bitcoin a prioritizing investing in bitcoin, then they may well start out slowly while they are building up their bitcoin investment and while they are building up their back up funds and other aspects of their cashflow management, so maybe if they had spent a year investing in bitcoin at $100 per week, then they had put $5,200 into bitcoin and they might have had built back up funds that might be similar in size... depending on their expense situation...

They may well need to measure as they go how much they want to put into bitcoin as compared with how much they are putting into their back up funds.  The balance is an individual choice, yet if they screw up the balance then they are going to have to pay the consequences for their screw up.

[SPIDERMAN008]

If a person figures out that he does not have discretionary funds then he cannot invest in bitcoin. 

There is no alternative to discretionary income in the case of long-term investment in Bitcoin. Because if there is no extra money after all expenses, then there is no way  of investment. Therefore, if there is no discretionary income and someone wants to invest in Bitcoin, then he should first increase his income source so that his discretionary income is created. After that, he can think about investing in Bitcoin. If this does not happen, he will be forced to sell Bitcoin. We should invest in Bitcoin as a safe asset for the future. Bitcoin should not be made as an emergency fund.

If a guy invests in bitcoin, but then realizes that he needs the money for expenses, then he made a mistake, and he has to live with the consequences of his mistake.

You have highlighted a very important point that most new investors notice within few months. This happens if they do not invest with discretionary income and do not create a backup fund as soon as they start investing. A backup fund increases the ability to invest and hold Bitcoin for a long time without stress. A backup fund allows unexpected expenses to be incurred without affecting the Bitcoin holding. And if someone is creating a backup fund along with investing and is struggling to properly create an emergency fund for 3 to 6 months, then they should fix their cash flow first. Maybe their discretionary income is not strong enough due to which they are not able to create a backup fund. They will not be able to accumulate BTC for 4–10 years easily.

If a guy has discretionary funds, yet he is not sure if he wants to invest in bitcoin, then surely he has to get to a point that he is ready, willing and able to invest in bitcoin  and perhaps that he is willing to lock up the money that he invests for 4-10 years or longer.

You are absolutely right. Investing in Bitcoin requires a combination of these three like  ability, desire, and preparation. If any of these are lacking, it will be difficult to succeed in investing in Bitcoin. The ability to invest in Bitcoin may mean financial ability.  Regular strong income flow , discretionary income, and emergency funds prove ability. On the other in terms of mental preparation, you have to accept the fluctuations in the price of Bitcoin, create a mindset for a 4-10 year investment, wait, and do not get disappointed too soon. Many people have a strong income flow but are not mentally stable, which creates problems in long-term investment. If the price of Bitcoin suddenly drops by 30-50%, they get scared and sell. And just before starting, people think about some things, then many suffer from indecision, in which case they should start investing by making a strong decision at any point. There are many people who want to invest after gaining a lot of knowledge, looking for the perfect time but never getting started. They actually end up not being able to invest in Bitcoin.

Many times if a person is hesitant to invest into bitcoin, they might just choose a smaller position size in order to get comfortable investing into it, yet there still needs to be some determination that the guy has discretionary funds and is investing using his discretionary funds, and he is not using money that he needs for his expenses for the next 4-10 years or longer.

This can be an important way for those who are a little hesitant about investing in Bitcoin. If we have discretionary income, then as you said, we can start investing in Bitcoin with a small amount of money. he can start investing and after starting, he can learn. Later, in a few months, when he feels mentally strong, he will come to his own income flow, back up fund, and seriousness in terms of investment.

If a person does not want to commit to 4-10 years or longer, then they might be starting out with a trading mindset rather than an investor's mindset, so they could still get started, yet I personally recommend investing in bitcoin not trying to trade it.

Yeah its true that Bitcoin is never for short-term investment, that's why buying Bitcoin with a trading mindset in the short term is more likely to result in loss than profit. Those who plan to invest for less than 4 years or buy and hold Bitcoin come to Bitcoin from a trading mindset. They wait for the dip buying, sell Bitcoin suddenly or buy Bitcoin overly aggressively. One thing that should always be followed by new investors is that success in Bitcoin through investing for a long time. Consistent regular buying creates a much better position than dip finding.

[laspol65]

If a person figures out that he does not have discretionary funds then he cannot invest in bitcoin. 

If a guy invests in bitcoin, but then realizes that he needs the money for expenses, then he made a mistake, and he has to live with the consequences of his mistake.

If a guy has discretionary funds, yet he is not sure if he wants to invest in bitcoin, then surely he has to get to a point that he is ready, willing and able to invest in bitcoin  and perhaps that he is willing to lock up the money that he invests for 4-10 years or longer.

Many times if a person is hesitant to invest into bitcoin, they might just choose a smaller position size in order to get comfortable investing into it, yet there still needs to be some determination that the guy has discretionary funds and is investing using his discretionary funds, and he is not using money that he needs for his expenses for the next 4-10 years or longer.

If a person does not want to commit to 4-10 years or longer, then they might be starting out with a trading mindset rather than an investor's mindset, so they could still get started, yet I personally recommend investing in bitcoin not trying to trade it.

This is a very grounded take. Bitcoin isn't about hoping money grows quickly; its about allocating true discretionary capital with clear intent. And if someone invests money without emergency fund and the money they would later need, it's Not bitcoin's failure but rather poor planning. This mainly occurs when people are impatient who don't have a proper road map and plan but are eager to invest To Double,triple/ multiply their money like they have seen online. The moment you buy, you should be ready to lock away that capital for years and if there's hesitation, starting small to gain conviction is reasonable and wise.

Investing in Bitcoin requires the ability to take risks, and the more risk you take, the more likely your investment will be long-term. Because it is most important to hold Bitcoin investments for the long term, you must use some strategies to hold Bitcoin investments for the long term, and if you follow these strategies, you will definitely be successful. Those who participate in Bitcoin investments by following all these things, including proper planning and emergency funds and prudent income, are the only ones who are able to hold Bitcoin investments for the long term.

[JayJuanGee]

If a person figures out that he does not have discretionary funds then he cannot invest in bitcoin. 
If a guy invests in bitcoin, but then realizes that he needs the money for expenses, then he made a mistake, and he has to live with the consequences of his mistake.

If a guy has discretionary funds, yet he is not sure if he wants to invest in bitcoin, then surely he has to get to a point that he is ready, willing and able to invest in bitcoin  and perhaps that he is willing to lock up the money that he invests for 4-10 years or longer.

Many times if a person is hesitant to invest into bitcoin, they might just choose a smaller position size in order to get comfortable investing into it, yet there still needs to be some determination that the guy has discretionary funds and is investing using his discretionary funds, and he is not using money that he needs for his expenses for the next 4-10 years or longer.

If a person does not want to commit to 4-10 years or longer, then they might be starting out with a trading mindset rather than an investor's mindset, so they could still get started, yet I personally recommend investing in bitcoin not trying to trade it.

This is a very grounded take. Bitcoin isn't about hoping money grows quickly; its about allocating true discretionary capital with clear intent. And if someone invests money without emergency fund and the money they would later need, it's Not bitcoin's failure but rather poor planning. This mainly occurs when people are impatient who don't have a proper road map and plan but are eager to invest To Double,triple/ multiply their money like they have seen online. The moment you buy, you should be ready to lock away that capital for years and if there's hesitation, starting small to gain conviction is reasonable and wise.

Investing in Bitcoin requires the ability to take risks, and the more risk you take, the more likely your investment will be long-term.

You are mixing up investing and something else, perhaps you are thinking about trading or gambling.. and it seems a bit antithetical to proclaim that some kind of core attribute to investing is risk-taking and/or to say that the more risk the better.

My ideas about investing does not include increasing risk, and it seems that I have felt myself to be somewhat conservative, so I have always tended to put systems in place in order to attempt to protect downsides - which sure, it does not completely get rid of the risk, but it is intended to lessen or to mitigate risks.... and frequently when we take measures to mitigate risks we are also limiting the upside too... so for example, if we are always making sure that we don't invest more than we can afford to lose and/or we are holding back money to make sure that we have sufficient cash cushions, back up funds, emergency funds, reserve funds and floats, then that money is not in bitcoin when bitcoin goes up in price, yet we are giving ourselves more downside protection and we are pacing our investment in terms of our own incoming cashflow limitations.

You seem a bit lost with that statement, and I am not sure from where you got it.  Sure we can presume that there is a possibility that bitcoin can completely go to zero, but that does not mean that we should not invest into it, and so we pick an investment size that we are willing to ride down to zero, and even though we are willing to ride it down to zero, it does not mean that we actually think that it is going to zero.  In part, we invest based on our ideas that the likelihood of it going up is greater than the likelihood of it going down and including that bitcoin is an asymmetric bet to the upside, yet that still does not equate to purposefully taking risk, so I still am not sure where you are getting those ideas - except that you have a trading and/or gambling mentality and so in that regard, you might not even know what is investing since you might be trading and/or gambling but you are labelling it as investing.

Because it is most important to hold Bitcoin investments for the long term, you must use some strategies to hold Bitcoin investments for the long term, and if you follow these strategies, you will definitely be successful. Those who participate in Bitcoin investments by following all these things, including proper planning and emergency funds and prudent income, are the only ones who are able to hold Bitcoin investments for the long term.

At least you got the idea of long term correct, and surely investments are long term and we put the various systems in place, that you mention, in order to attempt to mitigate risks rather than embracing the taking of risks, we may well be attempting to learn and buiild (plan as you say) in order to make sure that we are not overly engaging in risk and that we can last for the long term and hopefully continue to progress in the long term, even though the journey might be little by little and with the passage of decent amounts of time, such as 4-10 years or longer.

I am not sure what you mean by "prudent" income, and I think that I should address that since I hear that vague and ambiguous term so many times... and guys are repeating it.. it is vague at best. 

Prudent income is not what I talk about, since I think it is a vague and ambiguous idea.  When I talk about how much of the income that guys can use to invest in bitcoin, I talk about figuring it out from discretionary income, and surely within discretionary income there are various ways it can be used.  It can be used to invest, save and/or consume, and so each of us is figuring out how much of our income (whether weekly or otherwise) to allocate to each of these categories and we are ultimately choosing our level of aggressiveness (or whimpiness) within our choices about how much of our discretionary income to allocate each of the three categories.   Sure we might be prudent within our choice of how aggressive or whimpy to be, yet the level of prudence is going to vary from person to person, so in that regard, it is probably more clear to describe those kinds of determinations in terms of our aggressive or whimpy we choose to be, rather than referring to our level of prudence.

Another thing about prudence is that our whole level of investment and other aspects of strengthening our cashflow management systems/practices may well relate back to overall prudence and probably it is a good thing that we attempt to be prudent, yet again, I think that the ideas of aggressiveness and/or whimpiness are better descriptors since they express a range and even though they have subjective and objective elements, it gives us some ways of measuring our own chosen actions.

[AuchanX]

~snip

Whether Bitcoin is beneficial or disadvantageous will depend on the behavior of the investor during the investment process. You can only advise someone new  investing with low risk or high risk. But if the price starts to fall during the investment process, you have no way to protect anyone from panic selling. In this case, the investor has to decide what to do. Here, the investor has no chance of avoiding responsibility for his own mistakes. This is not just one thing, if you think beyond theoretical thinking. For example, a person does not have a strong income flow, does not have regular discretionary income, he panics to solve any problem and has a tendency to make wrong decisions due to emotions, he does not have any savings or other physical assets, then he is already at risk with his life. If he comes to invest in Bitcoin in this condition, he will get into even bigger financial problems. Bitcoin is now and will be in the future. Just because someone tells you about Bitcoin, it doesn't mean you have to invest, and you can't do it without thinking about it. If you don't have the ability to invest for a long time, then it's not a good idea to invest in Bitcoin. And the person who will invest will decide on all these things. He will invest after understanding his own advantages and disadvantages.

If a person figures out that he does not have discretionary funds then he cannot invest in bitcoin. 

If a guy invests in bitcoin, but then realizes that he needs the money for expenses, then he made a mistake, and he has to live with the consequences of his mistake.

If a guy has discretionary funds, yet he is not sure if he wants to invest in bitcoin, then surely he has to get to a point that he is ready, willing and able to invest in bitcoin  and perhaps that he is willing to lock up the money that he invests for 4-10 years or longer.

Many times if a person is hesitant to invest into bitcoin, they might just choose a smaller position size in order to get comfortable investing into it, yet there still needs to be some determination that the guy has discretionary funds and is investing using his discretionary funds, and he is not using money that he needs for his expenses for the next 4-10 years or longer.

If a person does not want to commit to 4-10 years or longer, then they might be starting out with a trading mindset rather than an investor's mindset, so they could still get started, yet I personally recommend investing in bitcoin not trying to trade it.

yes,,,you are absolutely right.To be honest, many people are Financially prepared to enter Bitcoin, not because of this, but because of the emotional impact of seeing the price fluctuations. And because of the influence of successful investors' stories that are discussed on social media. And under these influences, when someone invests money that was actually needed to meet rent, food, medical treatment or family needs, then that investment becomes weak from the beginning. In this case, market fluctuations cannot be called risk, but rather become personal Financial risk.

[Bigjoe33]

And because of the influence of successful investors' stories that are discussed on social media. And under these influences, when someone invests money that was actually needed to meet rent, food, medical treatment or family needs, then that investment becomes weak from the beginning. In this case, market fluctuations cannot be called risk, but rather become personal Financial risk.

It's totally wrong and a poor and/or bad investment mentality for someone to use money meant for rent or any other house hold and/or family needs to buy Bitcoin, too bad. When the actual need arises, what do you do then? Let remain like that without providing, or borrow to settle and provide?, total nonsense and risk. Even though the need for such money has not arised, you should know it's meant for something and should be kept reading available and not to use it for investment, that would be putting your investment in a great risk of selling unprepared when the need arises.

That's why investors are asked to first, only invest from your discretionary income(money left after settlement of basic needs), and then, while investigating, simultaneously build up your emergency funds and other back up funds from your discretionary income. This helps to keep you in check and avoid unnecessary pressure to sell, and on the other hand, allow you Hodl your BTC for long term