JJG’s Outline of Bitcoin Investment Ideas

[Taskford]

[edited out]

We're discussing this not to prevent each other from doing so but rather to jointly control our spending so that we don't overspend if our income hasn't shown any signs of increasing. The primary reason is our limited income. Doing so will reduce the number of expenses which, in turn will require us to work elsewhere to invest in Bitcoin. This will allow us to increase our investment through the funds we earn from our other jobs which we utilize as alternative employment.

Sure, every person is at a different stage in his investment journey, and I created this thread and my sustainable withdrawal thread to share my ideas on the topics, and it could be the case that some of my ideas may or may not work very well with guys in different circumstances.

I went through most of my own bitcoin accumulation phase  in 2013 through 2017 - and I had even thought that I had reached my accumulation target in late 2014 - but then since I had been continuing to accumulate, I had concluded that I had reached overaccumulation in 2015.

Some of my ideas about accumulation targets have changed over the past 12-ish years, and even when I came to bitcoin, I had already been investing outside of bitcoin for more than 20 years.. so I was trying to bring some of those experiences with me but also there were advantages in having had built up capital through those years too.

A guy is likely in a better position when he has more discretionary income to work with and also if he had already built up capital before coming to bitcoin - yet at the same time, even guys who are building their bitcoin investment with only their discretionary income from their ongoing work, they can still use a lot of the same ideas that I employed prior to getting into bitcoin - and it seems to be that bitcoin is a much better investment instrument as compared to my various investments for 20 years prior to learning about bitcoin and getting started with bitcoin.

So we have to invest from where we are at rather than from where another person might be and take responsibility over our investment, or cashflow management practices and any of our other actions.

Each situation is truly different and best or ideal approach is to invest base on the circumstances they are facing. Our experience would provably show us those targets we need to consider and provably this will change over time since our targets evolve.

But we need to be responsible for managing our cashflow then be consistent on our actions.

No doubt Bitcoin is good asset compare than other traditional investment, but everything will depends on how realistic we are for taking those responsibilities on our investments and stay committed on it.

[JayJuanGee]

You are correct that if you do not have enough income in order to cover all your basics and also have extra that you can lock up (even $10 per week) into bitcoin investing for 4-10 years or longer, then you may well not have enough discretionary income to justify buying bitcoin, since if you cannot commit to putting the money in bitcoin for at least 4 years, then you are likely trading rather than investing, and I surely do not recommend trading bitcoin.. .. so yeah, poor people who are not able to really have confidence that they have discretionary funds, then they should not be buying bitcoin.

I see @alankasman providing a fairly transparent overview of the income he feels perhaps so we should all understand this description. He stated that if our income is insufficient to cover family needs I don't think anyone would invest even though we might want to for the future. However with limited funds it's certainly not impossible to invest by accumulating BTC as there are still some that can be met first. @alankasman's statement is a special motivation for us personally. He also said that he doesn't prohibit investing but with the income we have from one job he certainly encourages us to focus on those in need one of which is our family.
This may mean he continues to encourage us to invest in Bitcoin if our income has stabilized with work that isn't our main priority but the results of that work are sufficient for us to invest in Bitcoin without using money or capital from our main job which we already know is the family's responsibility.

Each of us have responsibilities to figure out the extent to which we are classifying each of our expenses as basic or needed rather than wanted, and even with our families there may well be limitations in the kinds of expenses that we might be willing to cover in the category of basic and need versus expenses that are optional.

If we determine that we are not able to lock up the funds that we put into bitcoin for 4-10 years or longer (and that we might even end up losing all of the funds that we invest into bitcoin), then we have to wait until our funds reach a high enough level so that we are able to come to that conclusion - which earlier I had given examples of luxuries or various kinds of consumption that are optional yet they are also not really contributing to anything and might even have negative attributes - such as the example of smoking and there are other examples in which the money is never coming back once spent. 

Let's say for example, we have a close relative that is getting married and the wedding is taking place in a town that is a 10 hour drive in each direction, so the event is so important in regards to maintaining relationships, we determine that we have to attend the wedding and even help with various aspects of the wedding, so it is going to take 3 days to attend the event and to engage in the various practices.

There might be several options in regards to convenience of lodging and closeness to the event, and let's say that we narrow the options down to two.  One option would result in being very geographically close to all of the relatives and even being in the hotel of the wedding and that option costs about $700 and the other option is about 30 minutes distance and would cost right around $250 (accounting for all of the expenses and even accounting for transportation), which results in a savings of $450... so yeah, sometimes if money is saved - even if there are questions in regards to whether something is basic (a need) or optional (a want).. in this example, if $450 is saved then that $450 goes into discretionary funds and it could end up being money that could be used to buy bitcoin.

Of course, the matter is not necessarily resolved merely because the money was saved, yet from time to time (and perhaps even quite regularly) each person gets confronted the choices in which cost differences could be small or they could be large, and if a person gets into a habit of investing into bitcoin with some of the extra money that comes from cutting some expenses, then he might well end up with way more bitcoin than he thought to be possible based on his various income sources and also based on his various expenses.  The answers about what to do are not always obvious even though when people are already in the habit of investing into bitcoin, they may well end up identifying funding sources that end up going into bitcoin that might not have had been previously considered as discretionary funds that could be locked up and perhaps even lost in the futture.

[Derekfunds]

If the permanent income stops, it is natural that the savings or emergency fund will run out at some point, so I think you should always think of an alternative job along with one job so that if one source of income stops, another source of income remains active. Many people cannot distinguish between emergency funds and investments, the difference here is clear that emergency funds are formed to be used when necessary, but investments are not intended to be sold for any urgent need, rather the purpose behind investing is long-term.

What we need to do to maintain balance and avoid depleting our savings or emergency funds is to have another job besides our permanent one. If we stick to one job when problems arise at work we will certainly dip into our savings or emergency funds as a means of support when difficult times strike. Especially if we only have one job it's very difficult to predict whether that job will sustain us in the future. So, I think I agree with you that if we leave one job, we must have another job as an alternative because we don't know whether that job will last. Therefore, it's highly advisable to pursue other activities as a supplement to our main income. This is to anticipate our main job, to protect our savings and emergency funds from being used. This is for our benefit and for the future, with these savings and emergency funds.

In the current situation, with the increase in unemployment, it is very correct to say that keeping one job along with another is very difficult in the literal sense, but in reality it is very difficult to do it correctly, but even in this situation, one should think about the future and continue to invest for their own safety. However, emergency funds and investments are not the same thing because emergency funds are used to spend in case of danger and to keep investments for the long term, not to sell quickly, that is, not to break the investment if the market is bad or if the job is lost, instead, there should be a separate cash reserve. This is not only applicable to investing in Bitcoin but to all investments. Again, this is very important in the context of investing in Bitcoin, because many people make BTC emergency money, which is a wrong decision.

Yea people are complaining everyday that there is no employment but yet people are getting employed and some people out there are enjoying every fucking day not be because they are employed but because they are self employed. People don't have to wait for them to be employed before they can figure out things the most important thing is being self employed and this way you won't have to depend on anyone and it will make things easier. Bitcoin investment is not for people who can not afford to invest in it I mean it is not a bed of roses, one can do other things if they can not afford Bitcoin investment.

[As-Soon-As]

Yea people are complaining everyday that there is no employment but yet people are getting employed and some people out there are enjoying every fucking day not be because they are employed but because they are self employed. People don't have to wait for them to be employed before they can figure out things the most important thing is being self employed and this way you won't have to depend on anyone and it will make things easier. Bitcoin investment is not for people who can not afford to invest in it I mean it is not a bed of roses, one can do other things if they can not afford Bitcoin investment.

Holding Bitcoin is open to everyone, every person has the right to use Bitcoin, there is no obstacle to it. However, it is best to invest in Bitcoin according to your ability, if a low-income person holds $10 to $15 in Bitcoin per week, it is enough for him, because if he continues to increase his Bitcoin holding in this way from five to 10 years, then he will definitely be able to increase his Bitcoin holding significantly.

 For example, (15×52)=$780 can be held every year and if he deposits his Bitcoin holding for 10 years, then that person will be able to deposit (780×10) $7800. So you cannot deprive any person from investing in Bitcoin, so if you deposit in Bitcoin by adopting a strategy, it will definitely be possible to create a large Bitcoin holding. So a low-income person should never be underestimated, by adopting a strategy, every person can reach the peak of success.

[B2Z]

Are you trying to suggest that you were investing in bitcoin prior to your forum registration date (which was April 2024), since I have a hard time understanding how a person who had been investing in bitcoin since ONLY 2024 or even in the whole last cycle (meaning 4 years) would have had been able to reach any meaningful level of bitcoin accumulation and/or to also get "a lot" money out of of bitcoin.  

Are you talking about investing or trading B2Z?

Before registering on the forum, I knew about Bitcoin, but I didn't know enough, which made me more curious about how I could learn more about it. When I came to this forum, my doubts about many investment topics started to disappear in many Bitcoin-related discussions, especially in the discussions you made in different sections.

And I have always been not very interested in trading, which is why I tried to learn about investment from the beginning and always tried to talk about investment.

I will still maintain that even if you get another job, if you are investing in bitcoin and you are wanting to do your best to protect your bitcoin investment from being tapped into at a time that is not of your own choosing (including perceptions of short term profits) for 4 to 10 years or longer, they you likely need to strive to maintain some cash cushion and also to build up that cash cushion, since if you have no cash cushion or insufficient cash cushion, then the first time that you experience loss of income and/or increases in your expenses, then you won't have any other choice except to tap into your bitcoin.. .which is not a good idea... and surely guys who do not have health or age considerations, they should be striving to not touch their bitcoin for more than 10 years.. which is a real difficult thing for poor people to achieve and to build and maintain an investment like bitcoin for more than 10 years, even though bitcoin might be their best bet for improving their standard of living.

I certainly agree with your opinion and it has become a very common thing that an investor is continuing to invest and his plan is long-term and at the same time, suddenly his financial crisis arises, but then he has the possibility of selling his Bitcoin and many investors think that if they invest in Bitcoin and sell some amount, they will not suffer anything, but they will again fill the part they sold. I think this mentality of selling is a big risk in investment, especially for new investors.

Although it is a bit easier for those whose income is relatively high to hold Bitcoin, but for those who have low income, holding Bitcoin is more challenging because their income is already low and then it is quite difficult to manage everything and invest continuously with additional money. If these low-income people want to form another emergency fund along with investment, it is even more difficult for them. The situation is even worse for low-income people when these low-income people do not get their salaries on time or lose their jobs.  However, those who can hold on to the end despite taking on so many challenges are the real warriors.

In several senses, you have to figure out these dynamics.. and for sure it can be quite difficult for poor people to either get out of their poverty status or to substantially improve their living conditions.. even when they have something as good as bitcoin that is available to them as long as they do not screw it up and they are able to figure out how to reach some kind of balance that allows them to continue to build both their bitcoin stash and also their back up funds that are protecting them from temptations to touch their bitcoin in a premature way.

Even a poor guy who is ONLY able to invest $10 per week, which would be $520 per year and $5,200 after 10 years, he might have a lot of challenges through the years of building and protecting his bitcoin investment, and so maybe in the early years, his back up funds are merely in the $100 to $500 arena, but then after several years, maybe he has back up funds that are close to $1k, and maybe he finds $1k to be enough of a cushion, yet he has to figure out how much cash cushion is feasible based on the steadiness of his income and/or the steadiness of his income.  The more times that he is suffering from erratic changes in his income and/or expenses, then the more likely that he is going to need to build and maintain higher levels of back up funds to account for such erratic happenings.. and for sure, any guy is going to feel a lot more comfort if he is not always going through emergencies, and I would imagine that frequently if a person is living in poverty situations, he has to also be careful to hide a decent amount of his wealth since there are likely folks in his surroundings either wanting to take some of his wealth or maybe frequently coming into situations where neighbors, friends and/or relatives are wanting to get loans or to enter into "business" relations that might not be good ideas in regards to the guys need to preserve and continue to build his wealth (bitcoin wealth and also back up funds).

A low-income person can buy Bitcoin according to plan and affordability, but they have many problems in holding this Bitcoin. First, they need to ensure this in advance so that they do not have to sell their investment when necessary or at the wrong time.

In this case, investing $10 every week can be a good investment strategy for low-income people. Those who want to start investing consistently with $ 10 or a little more cannot consider that their investment amount is very small, but they must always consider that they have tried their best and are investing with the maximum.
If he can invest $ 10 every week regularly, then at the end of the year, his total investment amount (capital) will be like $ 520+. Now if the investor continues to invest continuously for 10 years, then this small amount will become a large amount at some point.  If an investor wants to create an emergency fund, he can initially keep an emergency fund of $100 to $300 to 500 or as much as he can afford, which will greatly reduce the risk of selling the investment.

Among low-income people, those who have jobs receive a certain amount of money at the end of the week or month, but those who do not have jobs but receive a salary as a daily wage, must follow a plan and always look for alternative sources of income so that they can continue investing despite everything.

Another important issue is social pressure, most of the time we ignore these issues, but they cause more problems, many times it is seen that many people offer these people that if they invest money in one place, they will get double or triple the return from there and many people fall into this trap due to greed, and again, from a social point of view, many people offer to borrow money, as a result, many times after considering many things, some investors lend money without thinking about the investment and due to these mistakes, their investments become irregular.
Considering the potential for social pressure, if an investor feels it is better to keep his investment secret from others, then he can keep it secret. That is, the main thing is to give importance to the investment and ensure its continuity.

Bitcoin investment is not for people who can not afford to invest in it I mean it is not a bed of roses, one can do other things if they can not afford Bitcoin investment.

If you think about it seriously, everything will seem difficult, if a student can save his tiffin money and invest in Bitcoin, if a student can invest the remaining money in Bitcoin after paying tuition and meeting his education expenses, and if a low-income person can buy Bitcoin regularly every week with a certain amount of money after meeting all his needs, then why do you say that investment is not for everyone. People can do anything if they try, today a person is unemployed but if he goes out and tries to work, then he will definitely get a job and he will be able to slowly move forward on the path to fulfilling his dreams. Remove laziness from life and you will see that life is becoming much more beautiful and all plans are being implemented.

[Brizi5000]

Yea people are complaining everyday that there is no employment but yet people are getting employed and some people out there are enjoying every fucking day not be because they are employed but because they are self employed. People don't have to wait for them to be employed before they can figure out things the most important thing is being self employed and this way you won't have to depend on anyone and it will make things easier. Bitcoin investment is not for people who can not afford to invest in it I mean it is not a bed of roses, one can do other things if they can not afford Bitcoin investment.

Holding Bitcoin is open to everyone, every person has the right to use Bitcoin, there is no obstacle to it. However, it is best to invest in Bitcoin according to your ability, if a low-income person holds $10 to $15 in Bitcoin per week, it is enough for him, because if he continues to increase his Bitcoin holding in this way from five to 10 years, then he will definitely be able to increase his Bitcoin holding significantly.

 For example, (15×52)=$780 can be held every year and if he deposits his Bitcoin holding for 10 years, then that person will be able to deposit (780×10) $7800. So you cannot deprive any person from investing in Bitcoin, so if you deposit in Bitcoin by adopting a strategy, it will definitely be possible to create a large Bitcoin holding. So a low-income person should never be underestimated, by adopting a strategy, every person can reach the peak of success.

yes, it is true that bitcoin investment is open to everyone and that every person has the right to invest in bitcoin, especially now that we know that we dont need to be filthy rich before we can start investing in bitcoin, all we need is just a discretionary income to use for accumulating bitcoin and holding it as a long term investment aim. but one thing i think is very important here is the discretionary income which we all know that it is the money we have left after we might have finished settling or sorting out our primary or basic financial needs or expenses, so now those who are still struggling to sort out their basic financial needs i dont think they have any business coming to invest in bitcoin yet, i think they should first try to sort their finances out and settle their basic needs because if they come to invest in bitcoin with this mindset that it is for everybody, they will end up screwing up their investment by selling too early since they will be needing the money soon enough to sort their basic needs, and they cant even keep up with their emergency funds to protect their investment during emergency financial situations.

[JayJuanGee]

Are you trying to suggest that you were investing in bitcoin prior to your forum registration date (which was April 2024), since I have a hard time understanding how a person who had been investing in bitcoin since ONLY 2024 or even in the whole last cycle (meaning 4 years) would have had been able to reach any meaningful level of bitcoin accumulation and/or to also get "a lot" money out of of bitcoin.  

Are you talking about investing or trading B2Z?

Before registering on the forum, I knew about Bitcoin, but I didn't know enough, which made me more curious about how I could learn more about it. When I came to this forum, my doubts about many investment topics started to disappear in many Bitcoin-related discussions, especially in the discussions you made in different sections.

And I have always been not very interested in trading, which is why I tried to learn about investment from the beginning and always tried to talk about investment.

I will still maintain that even if you get another job, if you are investing in bitcoin and you are wanting to do your best to protect your bitcoin investment from being tapped into at a time that is not of your own choosing (including perceptions of short term profits) for 4 to 10 years or longer, they you likely need to strive to maintain some cash cushion and also to build up that cash cushion, since if you have no cash cushion or insufficient cash cushion, then the first time that you experience loss of income and/or increases in your expenses, then you won't have any other choice except to tap into your bitcoin.. .which is not a good idea... and surely guys who do not have health or age considerations, they should be striving to not touch their bitcoin for more than 10 years.. which is a real difficult thing for poor people to achieve and to build and maintain an investment like bitcoin for more than 10 years, even though bitcoin might be their best bet for improving their standard of living.

I certainly agree with your opinion and it has become a very common thing that an investor is continuing to invest and his plan is long-term and at the same time, suddenly his financial crisis arises, but then he has the possibility of selling his Bitcoin and many investors think that if they invest in Bitcoin and sell some amount, they will not suffer anything, but they will again fill the part they sold. I think this mentality of selling is a big risk in investment, especially for new investors.

If you are trying to be an investor rather than a trader, then you should be striving to structure the amount that you invest and your back up funds as cash cushion so that you never have to sell any bitcoin for 10 years or more.

Sure, there could be some spend and replace situation that might come about, but the main structure should probably ongoing buying of bitcoin for 1-2 cycles or more... depending on the progress in building up to bitcoin stash.

It  is ultimately up to you to figure out how to manage your bitcoin investment, and if you do dumb shit, then you will suffer the consequences, even if it might take several years to realize your mistakes, if you make them.

Although it is a bit easier for those whose income is relatively high to hold Bitcoin, but for those who have low income, holding Bitcoin is more challenging because their income is already low and then it is quite difficult to manage everything and invest continuously with additional money.

I don't recommend trading and I also don't recommend investing in bitcoin if you cannot figure ways to commit to investing for 4 years or longer...

So yeah, you can do what you like, but if you are talking about trading and less than 4 years, then you are not really talking about the same thing as I am talking about in this thread.

If these low-income people want to form another emergency fund along with investment, it is even more difficult for them.

You don't need to call it emergency funds. It is a kinds of back up fund to help to protect their bitcoin investment.  If they do not protect their bitcoin investment then how are they going to be able to assure themselves that they are going to be able to commit to investing for 4-10 years or longer.

I have trouble understanding how you can be investing if you are not putting systems into play to protect your bitcoin from having to tap into it into timelines  that are less than 4 years and preferable less than 10 years.. so I am thinking that they don't have enough discretionary income to be proclaiming that they are investing rather than trading and/or gambling with funds that they need...

In other words, they likely need to work on figuring out ways to increase their discretionary income so that they can invest rather than trade.. and trading is too risky when it comes to bitcoin...and also off topic in this thread.

The situation is even worse for low-income people when these low-income people do not get their salaries on time or lose their jobs.  However, those who can hold on to the end despite taking on so many challenges are the real warriors.

I agree that investing is more difficult for poor people, yet I also believe that it is more important that poor people establish and maintain back up funds as compared with people who are not poor since people who are not poor likely have a variety of resources that they can fall back upon... If you are poor you need the back up funds, because you don't have back up resources and you also running the risk of never making it out of poverty if you cannot figure out ways to make sure that you are protecting your bitcoin so you can end up putting yourself into a better position from building up the bitcoin stash.. which yeah if you are poor it might take you 20 years or more to get to a similar financial and/or psychological place that a not poor person might arrive after 4-ish years.

In several senses, you have to figure out these dynamics.. and for sure it can be quite difficult for poor people to either get out of their poverty status or to substantially improve their living conditions.. even when they have something as good as bitcoin that is available to them as long as they do not screw it up and they are able to figure out how to reach some kind of balance that allows them to continue to build both their bitcoin stash and also their back up funds that are protecting them from temptations to touch their bitcoin in a premature way.

Even a poor guy who is ONLY able to invest $10 per week, which would be $520 per year and $5,200 after 10 years, he might have a lot of challenges through the years of building and protecting his bitcoin investment, and so maybe in the early years, his back up funds are merely in the $100 to $500 arena, but then after several years, maybe he has back up funds that are close to $1k, and maybe he finds $1k to be enough of a cushion, yet he has to figure out how much cash cushion is feasible based on the steadiness of his income and/or the steadiness of his income.  The more times that he is suffering from erratic changes in his income and/or expenses, then the more likely that he is going to need to build and maintain higher levels of back up funds to account for such erratic happenings.. and for sure, any guy is going to feel a lot more comfort if he is not always going through emergencies, and I would imagine that frequently if a person is living in poverty situations, he has to also be careful to hide a decent amount of his wealth since there are likely folks in his surroundings either wanting to take some of his wealth or maybe frequently coming into situations where neighbors, friends and/or relatives are wanting to get loans or to enter into "business" relations that might not be good ideas in regards to the guys need to preserve and continue to build his wealth (bitcoin wealth and also back up funds).

A low-income person can buy Bitcoin according to plan and affordability, but they have many problems in holding this Bitcoin. First, they need to ensure this in advance so that they do not have to sell their investment when necessary or at the wrong time.

As long as they have discretionary funds and common sense, they can learn the specifics and details as they go, and one of the most important things is to get started as soon as they figure out that they have discretionary funds and common sense, even if they are starting with $10 per week.  Sure, if they figure out that they don't have discretionary funds or their finances are so messed up that they are not able to figure out if they have discretionary funds, then yeah, they cannot invest until they have determined that they have discretionary funds.

By the way, if they earn $500 per month, and they have $400 in basic expenses, then maybe they got paid, so they have $100 until their next pay period and maybe they cannot invest any of that until they get paid next.. or maybe they decide to divide it into 3 parts $33 to invest, $33 to consume and $33 to save. ... They sure cannot invest all of it, since they have to keep some savings in case they made a mistake in their determination if they had discretionary funds and in their determination of their basic expenses.

In this case, investing $10 every week can be a good investment strategy for low-income people. Those who want to start investing consistently with $ 10 or a little more cannot consider that their investment amount is very small, but they must always consider that they have tried their best and are investing with the maximum.
If he can invest $ 10 every week regularly, then at the end of the year, his total investment amount (capital) will be like $ 520+. Now if the investor continues to invest continuously for 10 years, then this small amount will become a large amount at some point.  If an investor wants to create an emergency fund, he can initially keep an emergency fund of $100 to $300 to 500 or as much as he can afford, which will greatly reduce the risk of selling the investment.

Personally, I recommend trying to grow the emergency fund to be similar size as the bitcoin investment, even though there could be some preferences to grow the bitcoin investment faster.. yet there should be a goal to grow the back up funds to be at least 3 months of expenses, even if it might take a couple years to get the back up funds up to that level.

Among low-income people, those who have jobs receive a certain amount of money at the end of the week or month, but those who do not have jobs but receive a salary as a daily wage, must follow a plan and always look for alternative sources of income so that they can continue investing despite everything.

For sure it is not easy, so there might be times when income is low, and then bitcoin investment might have to stop during those periods and hopefully there is no need to tap into the bitcoin investment, yet there will still be preferences to build up income, cut expenses and even to make sure that back up funds are available so that bitcoin does not need to be sold during times when money is running out...but yeah, if they run out of money, they might not have any other choices to sell some or all of their bitcoin.

Another important issue is social pressure, most of the time we ignore these issues, but they cause more problems, many times it is seen that many people offer these people that if they invest money in one place, they will get double or triple the return from there and many people fall into this trap due to greed, and again, from a social point of view, many people offer to borrow money, as a result, many times after considering many things, some investors lend money without thinking about the investment and due to these mistakes, their investments become irregular.

Of course normies have to use their common sense and to figure out ways to protect themselves and to not be associating themselves with people who are not honest or who might hurt or interfere with their bitcoin investment.

Considering the potential for social pressure, if an investor feels it is better to keep his investment secret from others, then he can keep it secret. That is, the main thing is to give importance to the investment and ensure its continuity.

Sure.  Sometimes keeping secrets from certain people is the better of available options.

Bitcoin investment is not for people who can not afford to invest in it I mean it is not a bed of roses, one can do other things if they can not afford Bitcoin investment.

If you think about it seriously, everything will seem difficult, if a student can save his tiffin money and invest in Bitcoin, if a student can invest the remaining money in Bitcoin after paying tuition and meeting his education expenses, and if a low-income person can buy Bitcoin regularly every week with a certain amount of money after meeting all his needs, then why do you say that investment is not for everyone. People can do anything if they try, today a person is unemployed but if he goes out and tries to work, then he will definitely get a job and he will be able to slowly move forward on the path to fulfilling his dreams. Remove laziness from life and you will see that life is becoming much more beautiful and all plans are being implemented.

Sure.  There can be various sources of income that come into play at different times of life for people, and if in the end their income and expenses situation causes them to conclude that they have a certain level of discretionary income for a certain period of time, then they can use that to calculate if they have enough funds to buy bitcoin, if they have uncertainties in their abilities to project out their income and expenses, they might feel greater levels of discomfort in regards to their abilities to invest into bitcoin until such time as they can get better clarity (or assurances) in regards to their income and/or expenses.

[cyberninja2]

Each of us have responsibilities to figure out the extent to which we are classifying each of our expenses as basic or needed rather than wanted, and even with our families there may well be limitations in the kinds of expenses that we might be willing to cover in the category of basic and need versus expenses that are optional.

If we determine that we are not able to lock up the funds that we put into bitcoin for 4-10 years or longer (and that we might even end up losing all of the funds that we invest into bitcoin), then we have to wait until our funds reach a high enough level so that we are able to come to that conclusion - which earlier I had given examples of luxuries or various kinds of consumption that are optional yet they are also not really contributing to anything and might even have negative attributes - such as the example of smoking and there are other examples in which the money is never coming back once spent. 

This is one of the very correct answers because if the understanding we take from someone if we personally cannot manage finances regarding the main basic expenses of each person it is the same so it will not affect no matter how we take the lessons put forward by others because other people will not know about the things that we need so that the similarities regarding expenses between us and others are of course only we personally must understand this. We must also be careful in terms of expenses because we are people who have responsibilities towards the people we have to support in each of our individuals in the family in fact we do not need to compare our expenses with others because each of us must have shortcomings and advantages in optional matters.

Regarding this I think it is quite good in determining the funds that we invest in Bitcoin for 5-10 years because we have to be patient because accumulating Bitcoin in the long term is only to wait for big profits so that the funds that we invest for the next few years will certainly make us achieve quite a lot of profit. This is also with the increase in its price at that time so that we can easily conclude that to reach the point that we invest to a high enough level of course we have to go through various processes towards the point that we want while investing in Bitcoin with a time strategy of up to 5-10 years that we have to wait for the profits.

[cyberninja2]

Holding Bitcoin is open to everyone, every person has the right to use Bitcoin, there is no obstacle to it. However, it is best to invest in Bitcoin according to your ability, if a low-income person holds $10 to $15 in Bitcoin per week, it is enough for him, because if he continues to increase his Bitcoin holding in this way from five to 10 years, then he will definitely be able to increase his Bitcoin holding significantly.
For example, (15×52)=$780 can be held every year and if he deposits his Bitcoin holding for 10 years, then that person will be able to deposit (780×10) $7800. So you cannot deprive any person from investing in Bitcoin, so if you deposit in Bitcoin by adopting a strategy, it will definitely be possible to create a large Bitcoin holding. So a low-income person should never be underestimated, by adopting a strategy, every person can reach the peak of success.

There's actually no problem with someone using Bitcoin as long as it doesn't affect other people's activities or work. For me if this happened to me it would certainly be an obstacle for that person. Using Bitcoin doesn't affect others. If someone else wants to use Bitcoin we can certainly motivate them. I don't think this is a problem and anyone can use Bitcoin with the goal of earning income from using and investing in Bitcoin.

However beginners should understand that they shouldn't have high expectations when they first start investing in Bitcoin. Sometimes people simply want to invest in Bitcoin out of curiosity. When they make their first investment they invest 10 or 20% of their income. Once they make a small profit we'll naturally assess whether they want to continue using Bitcoin as an investment or not. They might simply be curious about the activities we engage in daily on this Bitcoin forum.

[BitBakerr1]

Holding Bitcoin is open to everyone, every person has the right to use Bitcoin, there is no obstacle to it. However, it is best to invest in Bitcoin according to your ability, if a low-income person holds $10 to $15 in Bitcoin per week, it is enough for him, because if he continues to increase his Bitcoin holding in this way from five to 10 years, then he will definitely be able to increase his Bitcoin holding significantly.
For example, (15×52)=$780 can be held every year and if he deposits his Bitcoin holding for 10 years, then that person will be able to deposit (780×10) $7800. So you cannot deprive any person from investing in Bitcoin, so if you deposit in Bitcoin by adopting a strategy, it will definitely be possible to create a large Bitcoin holding. So a low-income person should never be underestimated, by adopting a strategy, every person can reach the peak of success.

However beginners should understand that they shouldn't have high expectations when they first start investing in Bitcoin. Sometimes people simply want to invest in Bitcoin out of curiosity. When they make their first investment they invest 10 or 20% of their income. Once they make a small profit we'll naturally assess whether they want to continue using Bitcoin as an investment or not. They might simply be curious about the activities we engage in daily on this Bitcoin forum.

There’s nothing wrong in expecting huge profit in the future as an investor especially a newbie this expectation is what drive and make some people keep investing and holding however, if your expectation is usually leading you to take profit or to sell your bitcoin, whenever you see little profit, then you don’t have the right orientation in bitcoin investment the orientation you have is bitcoin trading orientation and when you have bitcoin trading orientation you be always sell when you see some profit in your bitcoin investment, someone that have long-term orientation? We never sell when they see little profit there goal is always long term and not short term, as a newbie no the reason why you are coming to bitcoin investment have a propose when you do it will help you succeed.

[cyberninja2]

There’s nothing wrong in expecting huge profit in the future as an investor especially a newbie this expectation is what drive and make some people keep investing and holding however, if your expectation is usually leading you to take profit or to sell your bitcoin, whenever you see little profit, then you don’t have the right orientation in bitcoin investment the orientation you have is bitcoin trading orientation and when you have bitcoin trading orientation you be always sell when you see some profit in your bitcoin investment, someone that have long-term orientation? We never sell when they see little profit there goal is always long term and not short term, as a newbie no the reason why you are coming to bitcoin investment have a propose when you do it will help you succeed.

You're right but what I mean is not for investors. Investors have no intention of investing in the short term. I see them sticking to the long term. This is because their financial or capital investment is strong or sufficient. Personally I think this is highly unlikely for someone who is still a beginner as we know their capital is quite limited when it comes to investing in Bitcoin for the long term. This doesn't mean beginners can't invest especially since we all know that Bitcoin is a future asset for anyone who can afford to invest their Bitcoin long-term.

I say this not to mean you're wrong, but rather to understand our own understanding based on our collective experience. This is simply a review for anyone with limited capital. It's certainly better to invest without taking a long-term approach. In our daily lives we often still need to meet many needs. Therefore don't invest in Bitcoin without having funds saved to support us when we encounter difficulties in our lives with our families.

[ultrloa]

Holding Bitcoin is open to everyone, every person has the right to use Bitcoin, there is no obstacle to it. However, it is best to invest in Bitcoin according to your ability, if a low-income person holds $10 to $15 in Bitcoin per week, it is enough for him, because if he continues to increase his Bitcoin holding in this way from five to 10 years, then he will definitely be able to increase his Bitcoin holding significantly.
For example, (15×52)=$780 can be held every year and if he deposits his Bitcoin holding for 10 years, then that person will be able to deposit (780×10) $7800. So you cannot deprive any person from investing in Bitcoin, so if you deposit in Bitcoin by adopting a strategy, it will definitely be possible to create a large Bitcoin holding. So a low-income person should never be underestimated, by adopting a strategy, every person can reach the peak of success.

However beginners should understand that they shouldn't have high expectations when they first start investing in Bitcoin. Sometimes people simply want to invest in Bitcoin out of curiosity. When they make their first investment they invest 10 or 20% of their income. Once they make a small profit we'll naturally assess whether they want to continue using Bitcoin as an investment or not. They might simply be curious about the activities we engage in daily on this Bitcoin forum.

There’s nothing wrong in expecting huge profit in the future as an investor especially a newbie this expectation is what drive and make some people keep investing and holding however, if your expectation is usually leading you to take profit or to sell your bitcoin, whenever you see little profit, then you don’t have the right orientation in bitcoin investment the orientation you have is bitcoin trading orientation and when you have bitcoin trading orientation you be always sell when you see some profit in your bitcoin investment, someone that have long-term orientation? We never sell when they see little profit there goal is always long term and not short term, as a newbie no the reason why you are coming to bitcoin investment have a propose when you do it will help you succeed.

Expecting to get profits is somehow normal, since there's no people would provably think to proceed for long term especially if they don't trust Bitcoin would give them good potential results.

Real Bitcoin investors aim for long years of investment hold their Bitcoins whatever situation happen because usually the goal they set is not about short term quick gain but rather the aim is to hold for many years.

As newbie investors they should know their real intentions and purpose because this will give them a clear guide on their potential success of their investment.

[Tmoonz]

Holding Bitcoin is open to everyone, every person has the right to use Bitcoin, there is no obstacle to it. However, it is best to invest in Bitcoin according to your ability, if a low-income person holds $10 to $15 in Bitcoin per week, it is enough for him, because if he continues to increase his Bitcoin holding in this way from five to 10 years, then he will definitely be able to increase his Bitcoin holding significantly.
For example, (15×52)=$780 can be held every year and if he deposits his Bitcoin holding for 10 years, then that person will be able to deposit (780×10) $7800. So you cannot deprive any person from investing in Bitcoin, so if you deposit in Bitcoin by adopting a strategy, it will definitely be possible to create a large Bitcoin holding. So a low-income person should never be underestimated, by adopting a strategy, every person can reach the peak of success.

However beginners should understand that they shouldn't have high expectations when they first start investing in Bitcoin. Sometimes people simply want to invest in Bitcoin out of curiosity. When they make their first investment they invest 10 or 20% of their income. Once they make a small profit we'll naturally assess whether they want to continue using Bitcoin as an investment or not. They might simply be curious about the activities we engage in daily on this Bitcoin forum.

There’s nothing wrong in expecting huge profit in the future as an investor especially a newbie this expectation is what drive and make some people keep investing and holding however, if your expectation is usually leading you to take profit or to sell your bitcoin, whenever you see little profit, then you don’t have the right orientation in bitcoin investment the orientation you have is bitcoin trading orientation and when you have bitcoin trading orientation you be always sell when you see some profit in your bitcoin investment, someone that have long-term orientation? We never sell when they see little profit there goal is always long term and not short term, as a newbie no the reason why you are coming to bitcoin investment have a propose when you do it will help you succeed.

Expecting to get profits is somehow normal, since there's no people would provably think to proceed for long term especially if they don't trust Bitcoin would give them good potential results.

Real Bitcoin investors aim for long years of investment hold their Bitcoins whatever situation happen because usually the goal they set is not about short term quick gain but rather the aim is to hold for many years.

As newbie investors they should know their real intentions and purpose because this will give them a clear guide on their potential success of their investment.

You are right sir, nothing actually can beat having or being intentional about the purpose filled with goals and objectives which will enhance taken the leader board and working towards achieving your interior motive of your investment, because at any point you think of giving up remembering why and how you got started will keep pushing you up to where you are heading to, with this I can boldly say that majority who gives up along the way where never intentionally about their investment whether it is going to be a long term or a short term, it is a duty of an investor to always keep a reminder of their real intentions and purpose of their investment as it is another force towards achieving the purpose.

[B2Z]

Are you trying to suggest that you were investing in bitcoin prior to your forum registration date (which was April 2024), since I have a hard time understanding how a person who had been investing in bitcoin since ONLY 2024 or even in the whole last cycle (meaning 4 years) would have had been able to reach any meaningful level of bitcoin accumulation and/or to also get "a lot" money out of of bitcoin.  

Are you talking about investing or trading B2Z?

Before registering on the forum, I knew about Bitcoin, but I didn't know enough, which made me more curious about how I could learn more about it. When I came to this forum, my doubts about many investment topics started to disappear in many Bitcoin-related discussions, especially in the discussions you made in different sections.

And I have always been not very interested in trading, which is why I tried to learn about investment from the beginning and always tried to talk about investment.

I will still maintain that even if you get another job, if you are investing in bitcoin and you are wanting to do your best to protect your bitcoin investment from being tapped into at a time that is not of your own choosing (including perceptions of short term profits) for 4 to 10 years or longer, they you likely need to strive to maintain some cash cushion and also to build up that cash cushion, since if you have no cash cushion or insufficient cash cushion, then the first time that you experience loss of income and/or increases in your expenses, then you won't have any other choice except to tap into your bitcoin.. .which is not a good idea... and surely guys who do not have health or age considerations, they should be striving to not touch their bitcoin for more than 10 years.. which is a real difficult thing for poor people to achieve and to build and maintain an investment like bitcoin for more than 10 years, even though bitcoin might be their best bet for improving their standard of living.

I certainly agree with your opinion and it has become a very common thing that an investor is continuing to invest and his plan is long-term and at the same time, suddenly his financial crisis arises, but then he has the possibility of selling his Bitcoin and many investors think that if they invest in Bitcoin and sell some amount, they will not suffer anything, but they will again fill the part they sold. I think this mentality of selling is a big risk in investment, especially for new investors.

If you are trying to be an investor rather than a trader, then you should be striving to structure the amount that you invest and your back up funds as cash cushion so that you never have to sell any bitcoin for 10 years or more.

Sure, there could be some spend and replace situation that might come about, but the main structure should probably ongoing buying of bitcoin for 1-2 cycles or more... depending on the progress in building up to bitcoin stash.

It  is ultimately up to you to figure out how to manage your bitcoin investment, and if you do dumb shit, then you will suffer the consequences, even if it might take several years to realize your mistakes, if you make them.

The term Cash Cushion is quite familiar to those who are involved in regular investments, but this term may seem new to those who are new to investing. For the sake of beginners, let me try to explain the subject of Cash Cushion in a simple way. In simple terms, Cash Cushion actually refers to that thing that provides safety or protects an investor and the investor's investment, that is, it protects the investment from being sold until the target is met. Many investors take the term Cash Cushion quite lightly, while many ignore this matter because they do not have the correct explanation of Cash Cushion, but these matters are really important in long-term investments. There is a category of investors who will invest properly but when they face financial problems, they will use Bitcoin as an alternative fund.

I have always said that those who think about selling a small amount of investment when in danger or sell it never fulfill their real investment purpose.

Although it is a bit easier for those whose income is relatively high to hold Bitcoin, but for those who have low income, holding Bitcoin is more challenging because their income is already low and then it is quite difficult to manage everything and invest continuously with additional money.

I don't recommend trading and I also don't recommend investing in bitcoin if you cannot figure ways to commit to investing for 4 years or longer...

So yeah, you can do what you like, but if you are talking about trading and less than 4 years, then you are not really talking about the same thing as I am talking about in this thread.

There are investors who don't really understand what long-term investing means. That is, their intention is to invest for the long term, but their actions reveal that they are trading.

If these low-income people want to form another emergency fund along with investment, it is even more difficult for them.

You don't need to call it emergency funds. It is a kinds of back up fund to help to protect their bitcoin investment.  If they do not protect their bitcoin investment then how are they going to be able to assure themselves that they are going to be able to commit to investing for 4-10 years or longer.

I have trouble understanding how you can be investing if you are not putting systems into play to protect your bitcoin from having to tap into it into timelines  that are less than 4 years and preferable less than 10 years.. so I am thinking that they don't have enough discretionary income to be proclaiming that they are investing rather than trading and/or gambling with funds that they need...

In other words, they likely need to work on figuring out ways to increase their discretionary income so that they can invest rather than trade.. and trading is too risky when it comes to bitcoin...and also off topic in this thread.

If many people have a problem with the name "emergency fund", then they can call this fund by any name. The name here is not the real purpose, but the purpose of these funds is what they are used for. If someone says that he has prepared a separate backup fund for investment, then this too will support his investment, that is, what is important is what it does. Now if someone invests for a period of four to ten years or more, then he has to make such arrangements so that he does not have to sell his investment due to small financial pressures or it does not have a bad effect on continuous investment. If there is no such support, then long-term plans are not implemented.

The situation is even worse for low-income people when these low-income people do not get their salaries on time or lose their jobs.  However, those who can hold on to the end despite taking on so many challenges are the real warriors.

I agree that investing is more difficult for poor people, yet I also believe that it is more important that poor people establish and maintain back up funds as compared with people who are not poor since people who are not poor likely have a variety of resources that they can fall back upon... If you are poor you need the back up funds, because you don't have back up resources and you also running the risk of never making it out of poverty if you cannot figure out ways to make sure that you are protecting your bitcoin so you can end up putting yourself into a better position from building up the bitcoin stash.. which yeah if you are poor it might take you 20 years or more to get to a similar financial and/or psychological place that a not poor person might arrive after 4-ish years.

Sometimes we have to accept the reality, it is a bit difficult for the poor to manage everything and invest, yet many people invest in Bitcoin considering that the future will be bright, but if the investment security is not ensured, it will be more challenging for low-income people to continue investing for a long time and it will be more difficult to maintain the investment. Therefore, those who are low-income but investors can try to keep an emergency fund ready so that they can deal with any financial problem and at least they do not have to solve that problem by selling Bitcoin.

Personally, I recommend trying to grow the emergency fund to be similar size as the bitcoin investment, even though there could be some preferences to grow the bitcoin investment faster.. yet there should be a goal to grow the back up funds to be at least 3 months of expenses, even if it might take a couple years to get the back up funds up to that level.

Once an emergency fund is formed and money is spent from that emergency fund in case of any calamity but later no reforms are made to that emergency fund then later things become as if there was no emergency fund. It is best if the money is refilled every time after using the money from the emergency fund.

Among low-income people, those who have jobs receive a certain amount of money at the end of the week or month, but those who do not have jobs but receive a salary as a daily wage, must follow a plan and always look for alternative sources of income so that they can continue investing despite everything.

For sure it is not easy, so there might be times when income is low, and then bitcoin investment might have to stop during those periods and hopefully there is no need to tap into the bitcoin investment, yet there will still be preferences to build up income, cut expenses and even to make sure that back up funds are available so that bitcoin does not need to be sold during times when money is running out...but yeah, if they run out of money, they might not have any other choices to sell some or all of their bitcoin.

It will be easier to sell than to hold on, those who sell always get cheated but those who can hold on till the end despite all kinds of challenges are the ones who are successful. Good times come in people's lives and bad times come, in bad times people do not have enough money so at that time it is not possible to continue investing after meeting their needs but this is not a problem, the problem arises when the investor decides to sell. I think that at that time investors should not decide to sell but rather go out in search of income.

If there are crores of taka in the bank and if people do not work and sit and eat luxuries then crores of taka will also gradually decrease and will be completely gone. So if the investor is dependent on investment then he will not be able to indulge in luxuries for a long time but at some point the investment money will run out and then he will have to work again so instead of wasting investment unnecessarily he should go out for work and protect his investment.

[BlackBaron]

You are right sir, nothing actually can beat having or being intentional about the purpose filled with goals and objectives which will enhance taken the leader board and working towards achieving your interior motive of your investment, because at any point you think of giving up remembering why and how you got started will keep pushing you up to where you are heading to, with this I can boldly say that majority who gives up along the way where never intentionally about their investment whether it is going to be a long term or a short term, it is a duty of an investor to always keep a reminder of their real intentions and purpose of their investment as it is another force towards achieving the purpose.

Before investing, we must find out what investment is, what to do, and what the purpose of investment is. After that, we apply it to ourselves by conducting in-depth learning and determining the steps to achieve our desired goals. With such thorough preparation, we will be able to invest better.

In addition, learn about the risks we will face, the factors that can cause our investments to fail, and so on. We can learn from the experiences of others about why they failed or encountered problems with their investments. If we are in this forum, then we are very lucky because we can share our experiences and knowledge about this.

[Ruttoshi]

Before investing, we must find out what investment is, what to do, and what the purpose of investment is. After that, we apply it to ourselves by conducting in-depth learning and determining the steps to achieve our desired goals. With such thorough preparation, we will be able to invest better.

In addition, learn about the risks we will face, the factors that can cause our investments to fail, and so on. We can learn from the experiences of others about why they failed or encountered problems with their investments. If we are in this forum, then we are very lucky because we can share our experiences and knowledge about this.

Bitcoin investment isn't like every other investment that you need in depth knowledge about and all those factors you stated above. In bitcoin investment, all you need the basic knowledge of bitcoin and to figure out your discretionary income if you have or not and how much you can use to invest from your discretionary income that wouldn't affect you financially and invest regularly with DCA because you are only buying and not selling.

You can learn the rest area of your interest as you invest and grow your bitcoin investment overtime. Bitcoin investment experience is best gained by participating in buying because that's what will expose you to the market and the challenges/risks that are involved along the line of accumulating bitcoin in the long term. Theory cannot add any value to how you will tweak on different accumulation strategies based on your own financial circumstances playing out at that time.

[IjawMan]

Are you trying to suggest that you were investing in bitcoin prior to your forum registration date (which was April 2024), since I have a hard time understanding how a person who had been investing in bitcoin since ONLY 2024 or even in the whole last cycle (meaning 4 years) would have had been able to reach any meaningful level of bitcoin accumulation and/or to also get "a lot" money out of of bitcoin.  

Are you talking about investing or trading B2Z?

Before registering on the forum, I knew about Bitcoin, but I didn't know enough, which made me more curious about how I could learn more about it. When I came to this forum, my doubts about many investment topics started to disappear in many Bitcoin-related discussions, especially in the discussions you made in different sections.

And I have always been not very interested in trading, which is why I tried to learn about investment from the beginning and always tried to talk about investment

This highlights the advantage and value of accessing platforms where you can get the right information that essentially meet your needs for growth. Most of the newbies to bitcoin that had to make costly mistakes we as a result of been in a platform that they were misinformed.

Bitcoin investment is not for people who can not afford to invest in it I mean it is not a bed of roses, one can do other things if they can not afford Bitcoin investment.

If you think about it seriously, everything will seem difficult, if a student can save his tiffin money and invest in Bitcoin, if a student can invest the remaining money in Bitcoin after paying tuition and meeting his education expenses, and if a low-income person can buy Bitcoin regularly every week with a certain amount of money after meeting all his needs, then why do you say that investment is not for everyone. People can do anything if they try, today a person is unemployed but if he goes out and tries to work, then he will definitely get a job and he will be able to slowly move forward on the path to fulfilling his dreams. Remove laziness from life and you will see that life is becoming much more beautiful and all plans are being implemented.

Sure.  There can be various sources of income that come into play at different times of life for people, and if in the end their income and expenses situation causes them to conclude that they have a certain level of discretionary income for a certain period of time, then they can use that to calculate if they have enough funds to buy bitcoin, if they have uncertainties in their abilities to project out their income and expenses, they might feel greater levels of discomfort in regards to their abilities to invest into bitcoin until such time as they can get better clarity (or assurances) in regards to their income and/or expenses.

To the measure that you are making extra funds in a way that it can be invested and not only when with a job that is  earning you income but regardless of what you earn there must be a percent you can scoop aside for investment if you are interested, willing and comprehend the importance of investment.

Bitcoin is divisible and with this it means every one can buy with what they have as discretionary funds out of what has been spend on necessary stuffs. The problem with some people that they continue to waste time and not invest is wanting to start investing big when they could have started with the little at hand.

[JayJuanGee]

[edited out] 

The term Cash Cushion is quite familiar to those who are involved in regular investments, but this term may seem new to those who are new to investing. For the sake of beginners, let me try to explain the subject of Cash Cushion in a simple way. In simple terms, Cash Cushion actually refers to that thing that provides safety or protects an investor and the investor's investment, that is, it protects the investment from being sold until the target is met. Many investors take the term Cash Cushion quite lightly, while many ignore this matter because they do not have the correct explanation of Cash Cushion, but these matters are really important in long-term investments. There is a category of investors who will invest properly but when they face financial problems, they will use Bitcoin as an alternative fund.

I have always said that those who think about selling a small amount of investment when in danger or sell it never fulfill their real investment purpose.

Cash cushion is a descriptor that should make sense (especially for anyone who put cashflow management into practice) and not any kind of a specialty term.

Although it is a bit easier for those whose income is relatively high to hold Bitcoin, but for those who have low income, holding Bitcoin is more challenging because their income is already low and then it is quite difficult to manage everything and invest continuously with additional money.

I don't recommend trading and I also don't recommend investing in bitcoin if you cannot figure ways to commit to investing for 4 years or longer...

So yeah, you can do what you like, but if you are talking about trading and less than 4 years, then you are not really talking about the same thing as I am talking about in this thread.

There are investors who don't really understand what long-term investing means. That is, their intention is to invest for the long term, but their actions reveal that they are trading.

I suggest 4-10 years or longer for investing into bitcoin.  Less than4 years is trading and not investing.. and maybe more than 10 years is long term... but really, the term does not matter except that folks need to figure out their own goals and why they are investing into bitcoin and why they might want to make a certain level of progress by a certain point in time.

Frequently I express a possible goal as getting to fuck you status (meaning being able to stop working) or being able to engage in sustainable  withdrawal which is a related kind of idea.
 

If these low-income people want to form another emergency fund along with investment, it is even more difficult for them.

You don't need to call it emergency funds. It is a kinds of back up fund to help to protect their bitcoin investment.  If they do not protect their bitcoin investment then how are they going to be able to assure themselves that they are going to be able to commit to investing for 4-10 years or longer.

I have trouble understanding how you can be investing if you are not putting systems into play to protect your bitcoin from having to tap into it into timelines  that are less than 4 years and preferable less than 10 years.. so I am thinking that they don't have enough discretionary income to be proclaiming that they are investing rather than trading and/or gambling with funds that they need...

In other words, they likely need to work on figuring out ways to increase their discretionary income so that they can invest rather than trade.. and trading is too risky when it comes to bitcoin...and also off topic in this thread.

If many people have a problem with the name "emergency fund", then they can call this fund by any name. The name here is not the real purpose, but the purpose of these funds is what they are used for. If someone says that he has prepared a separate backup fund for investment, then this too will support his investment, that is, what is important is what it does. Now if someone invests for a period of four to ten years or more, then he has to make such arrangements so that he does not have to sell his investment due to small financial pressures or it does not have a bad effect on continuous investment. If there is no such support, then long-term plans are not implemented.

If a person has an income of $30k per year ($2,500 per month) and then $1,500 in basic expenses, then he has $1k per month to work with regarding his investing into bitcoin maybe $333 per month, building up his back up funds maybe $333 and discretionary consumption, maybe $333.  He can adjust how he likes and the more money that he has coming in as discretionary funds the more options he has.  The opposite is true too, and if he does not have much discretionary funds, then it might be a good idea to improve the discretionary amounts to give more flexility and options.

The situation is even worse for low-income people when these low-income people do not get their salaries on time or lose their jobs.  However, those who can hold on to the end despite taking on so many challenges are the real warriors.

I agree that investing is more difficult for poor people, yet I also believe that it is more important that poor people establish and maintain back up funds as compared with people who are not poor since people who are not poor likely have a variety of resources that they can fall back upon... If you are poor you need the back up funds, because you don't have back up resources and you also running the risk of never making it out of poverty if you cannot figure out ways to make sure that you are protecting your bitcoin so you can end up putting yourself into a better position from building up the bitcoin stash.. which yeah if you are poor it might take you 20 years or more to get to a similar financial and/or psychological place that a not poor person might arrive after 4-ish years.

Sometimes we have to accept the reality, it is a bit difficult for the poor to manage everything and invest, yet many people invest in Bitcoin considering that the future will be bright, but if the investment security is not ensured, it will be more challenging for low-income people to continue investing for a long time and it will be more difficult to maintain the investment. Therefore, those who are low-income but investors can try to keep an emergency fund ready so that they can deal with any financial problem and at least they do not have to solve that problem by selling Bitcoin.

 Back up funds can be a powerful tool, yet it still has to balanced with ongoing investing and also ongoing desires to consume, whether such consumption is needs or wants..

Personally, I recommend trying to grow the emergency fund to be similar size as the bitcoin investment, even though there could be some preferences to grow the bitcoin investment faster.. yet there should be a goal to grow the back up funds to be at least 3 months of expenses, even if it might take a couple years to get the back up funds up to that level.

Once an emergency fund is formed and money is spent from that emergency fund in case of any calamity but later no reforms are made to that emergency fund then later things become as if there was no emergency fund. It is best if the money is refilled every time after using the money from the emergency fund.

Sure some backup funds are important to replenish as soon as possible if they are depleted, especially if they are getting to low quantities that they might not be enough to cover shortages of income and/or increases of expenses that might end up happening.

Among low-income people, those who have jobs receive a certain amount of money at the end of the week or month, but those who do not have jobs but receive a salary as a daily wage, must follow a plan and always look for alternative sources of income so that they can continue investing despite everything.

For sure it is not easy, so there might be times when income is low, and then bitcoin investment might have to stop during those periods and hopefully there is no need to tap into the bitcoin investment, yet there will still be preferences to build up income, cut expenses and even to make sure that back up funds are available so that bitcoin does not need to be sold during times when money is running out...but yeah, if they run out of money, they might not have any other choices to sell some or all of their bitcoin.

It will be easier to sell than to hold on, those who sell always get cheated but those who can hold on till the end despite all kinds of challenges are the ones who are successful.
 

Of course, bitcoin is quite liquid and quite volatile, which means it is important to try to have discipline and goals in regards to investing into it... and yeah, a lot of guys will be tempted to cash out too much too soon... and those choices to cash out after profits are seen may well be choices that might be regretted.
 

Good times come in people's lives and bad times come, in bad times people do not have enough money so at that time it is not possible to continue investing after meeting their needs but this is not a problem, the problem arises when the investor decides to sell. I think that at that time investors should not decide to sell but rather go out in search of income.

Sure there might be options besides selling bitcoin, yet if a person is planning in advance then there would be preparations to protect the bitcoin and not be tempted to sell bitcoin until reaching certain already established goals, which may well be 4-10 years or longer into the future.

If there are crores of taka in the bank and if people do not work and sit and eat luxuries then crores of taka will also gradually decrease and will be completely gone. So if the investor is dependent on investment then he will not be able to indulge in luxuries for a long time but at some point the investment money will run out and then he will have to work again so instead of wasting investment unnecessarily he should go out for work and protect his investment.

Some people are never able to build up wealth or get out of poverty due to their inabilities to control their levels of spending.

You are right sir, nothing actually can beat having or being intentional about the purpose filled with goals and objectives which will enhance taken the leader board and working towards achieving your interior motive of your investment, because at any point you think of giving up remembering why and how you got started will keep pushing you up to where you are heading to, with this I can boldly say that majority who gives up along the way where never intentionally about their investment whether it is going to be a long term or a short term, it is a duty of an investor to always keep a reminder of their real intentions and purpose of their investment as it is another force towards achieving the purpose.

Before investing, we must find out what investment is, what to do, and what the purpose of investment is. After that, we apply it to ourselves by conducting in-depth learning and determining the steps to achieve our desired goals. With such thorough preparation, we will be able to invest better.

In addition, learn about the risks we will face, the factors that can cause our investments to fail, and so on. We can learn from the experiences of others about why they failed or encountered problems with their investments. If we are in this forum, then we are very lucky because we can share our experiences and knowledge about this.

The ONLY thing needed to get started investing in bitcoin is discretionary income and common sense. Various preparations can be made after getting started.  A lot of people delay too much in their getting started in bitcoin, and getting started is important, whether it is $100 per week, $30 per week or some other amount that might be reasonable for the newbie bitcoin investor.

[Taskford]

Before investing, we must find out what investment is, what to do, and what the purpose of investment is. After that, we apply it to ourselves by conducting in-depth learning and determining the steps to achieve our desired goals. With such thorough preparation, we will be able to invest better.

In addition, learn about the risks we will face, the factors that can cause our investments to fail, and so on. We can learn from the experiences of others about why they failed or encountered problems with their investments. If we are in this forum, then we are very lucky because we can share our experiences and knowledge about this.

Bitcoin investment isn't like every other investment that you need in depth knowledge about and all those factors you stated above. In bitcoin investment, all you need the basic knowledge of bitcoin and to figure out your discretionary income if you have or not and how much you can use to invest from your discretionary income that wouldn't affect you financially and invest regularly with DCA because you are only buying and not selling.

You can learn the rest area of your interest as you invest and grow your bitcoin investment overtime. Bitcoin investment experience is best gained by participating in buying because that's what will expose you to the market and the challenges/risks that are involved along the line of accumulating bitcoin in the long term. Theory cannot add any value to how you will tweak on different accumulation strategies based on your own financial circumstances playing out at that time.

Make sense, since having discretionary income then do DCA is one of the simplest and effective way to accumulate Bitcoin without getting lots of situations to think. We can also add up that with this strategy they can avoid committing beginner's mistake which is to sell early or they fall from shitcoins.

Also yeah participation and getting exposure on market helps because it can make us aware about those good thing to consider, so we can provably strengthen our emotion so we will not get shaken up if volatile market condition hits.

[Dictator69]

Disciplined plan seems very hard to follow, I am from hypo 15, I am just getting started, read a lot from here, stats are mind blowing, never thought before that if I would be able to make $2 million, I can literally say fuck you to anyone and as a matter of fact even those $6666 a month for me are a lot, I might not use them all considering the place I live but my expenses will definitely increase if I will acquire $2 million. But I think if I want to say fuck you to everyone doing nothing, and sitting on that 4% per year increment in the btc.

I think I have to stay low. Now, considering all this, following a plan is hard, I might end up selling my btc if the price hits $200k, even if I have nothing right now.