JJG’s Outline of Bitcoin Investment Ideas

[abaeze]

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.

Make sense, there will be unemployment but everyone has to think about the future and plan accordingly. Because unemployment will increase as time goes by. So we have to continue investing according to our ability in this regard in advance. But let me clarify one thing, that is, Emergency fund and investment are not the same thing. So if you want to invest in anything, you must have a separate cash reserve for expenses during emergencies, otherwise it is not possible to continue long-term investment.

Another thing is that it is not right to break the investment in a bad time in long-term investment. Many people invest in Bitcoin and then spend it during an emergency, which is not right for investment, and this investment issue applies not only to Bitcoin but to all investments.

[cxtreenal]

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.

Controlling emotions is important when investing. Just as you can emotionally buy Bitcoin and sell real assets during a period of decline, you can also emotionally sell even if you make a small profit. This is the main reason why traders always regret selling at a low price. While trading strategies fail for most traders, the DCA strategy is the most effective and sustainable method for Bitcoin. These traders are at the highest risk of FOMO and sometimes even withdraw in losses. Narrow the space for emotions when investing and apply realistic decisions.

[JayJuanGee]

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.

It looks like you got hypo 15 from my opening post 2, which was surely one of the most newbie of the bitcoin accumulation statuses.

Based on your forum registration date, you have nearly 3 years in bitcoin, yet if you had not been accumulating bitcoin for that whole time, then yeah, you have a later starting date.

No person can go back in time and each of us just needs to figure out how to continue to invest into bitcoin at whatever rate that we are able to accomplish, and it can take quite a bit of time to build up a bitcoin portfolio, especially if your investment amounts are fairly low and if you are thinking about selling (such as at $200k) rather than ongoingly buying.

You seem to be in the wrong mindset to really ever be able to reach a status in which you might both get to sustainable withdrawal status and start to be able to withdraw from your bitcoin at a meaningful rate.

Surely, any person wanting to be able to live at $6,666 per month or $80k per year is going to take a while to get there if he is ONLY able to invest $100 per week... If you are had been buying at $100 per week since march 2023, then you would have had invested right around $15k by now and accumulated right around 0.29 BTC.. so you would be making good progress, yet even with another 10 years of investing at $100 per week, you wouldn't have very good chances of even reaching a whole BTC, and in my own updated 200-WMA projections, it seems to me that 1 BTC would not support a $6,666 per month withdrawal rate until about 2039 or 2040... which maybe we can presume that with the passage of years, you may well be able to increase your DCA amounts and/or even come across lump sum from time to time.

So yeah, do you have enough patience for another 14-ish years of BTC accumulation and/or holdings?  And, yeah if you cannot wait that long based on age/health considerations then you would figure out some other numbers and/or targets - yet the idea of cashing out at $200k comes off as a way of thinking about bitcoin as a trade rather than as an investment.

Another thing about fuck you status is that it is not so much about being able to say fuck you, but instead, being able to support yourself  from your bitcoin (and/or any other investments that you might have) at your target standard of living without having to engage in work (beyond just accounting for your bitcoin)... and I personally do not like to use BTC spot prices for making such bitcoin valuation assessments, since I believe that 10% of the 200-WMA valuation of your coins can be sustainable, and even with a 7% per year increase in the withdrawal rate.. so there are surely advantages in getting enough or more than enough bitcoin to sustain your target rate. Even though traditional investment systems recommend withdrawal rates of 4% using the spot price valuation, I find those ways of valuating holdings to be problematic since we know that BTC spot prices are quite volatile, yet so far in bitcoin's history the 200-WMA has tended go up greater than 20% per year, which also is part of the justification for a 7% raise per year - even though it is also good to ongoingly monitor that you would not be withdrawing too much too soon (which  is also a benefit of both getting to overaccumulation status and withdrawing within parameters to keep yourself in overaccumulation status so that you don't overly deplete your bitcoin holdings).

It seems to me that a valid goal is getting to overaccumulation status, and it also seems to me that you are not going to get there if you are selling, thinking about selling and/or failing to continually accumulate bitcoin until perhaps the size of your stash might suggest adjusting some of your tactics, yet with your stated goals Dictator69 it seems that you probably should be ongoingly accumulating bitcoin for at least a couple more cycles even if you might have already been accumulating more than 2.5 years.

[alankasman]

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.

That's right and the reason I need to say is that we can't rely on someone's principles to the point of daring to say they're an inspiration.
It's okay to follow what someone says in this forum because we're all discussing experiences. Regardless of what we're discussing here, of course all the methods relate to how to manage our spending so that we don't have problems with it. Although we learn a lot sometimes we learn from what others do regarding their spending. What we need to understand is that each of us has our own way of managing our spending and our lives are certainly different from others so we can't compare our spending to others' spending. Basically everyone's life is different.

So what @Cyberninja2 said about me inspiring him is a flawed assumption, in my opinion. We're discussing our own experiences here, and each of us is different and it's impossible for everyone to be the same. So I don't think it's necessary to follow my words and use them as inspiration for others. We personally might not be able to implement everything we consider inspiring. It's easy to imagine but sometimes it's quite difficult to do so it's okay to just be natural.
And I'm not being overly transparent, but we shouldn't be afraid to discuss things here especially regarding spending. If we're smart with our spending we can invest in Bitcoin. Therefore being transparent sometimes allows us to spend more than we need to accumulate Bitcoin.

This will not be finished let alone too economical, but we have to make a choice between the two because someone who knows how to invest in Bitcoin of course this is no longer a reason in choosing what they should do because it is based on their habit of investing in Bitcoin so that they can handle expenses even though the source of income they get is only in one place, this is apart from the habits that make them have one decision in achieving their investment goals for the future of course.

[JayJuanGee]

[edited out]

That's right and the reason I need to say is that we can't rely on someone's principles to the point of daring to say they're an inspiration.
It's okay to follow what someone says in this forum because we're all discussing experiences. Regardless of what we're discussing here, of course all the methods relate to how to manage our spending so that we don't have problems with it. Although we learn a lot sometimes we learn from what others do regarding their spending. What we need to understand is that each of us has our own way of managing our spending and our lives are certainly different from others so we can't compare our spending to others' spending. Basically everyone's life is different.

So what @Cyberninja2 said about me inspiring him is a flawed assumption, in my opinion. We're discussing our own experiences here, and each of us is different and it's impossible for everyone to be the same. So I don't think it's necessary to follow my words and use them as inspiration for others. We personally might not be able to implement everything we consider inspiring. It's easy to imagine but sometimes it's quite difficult to do so it's okay to just be natural.
And I'm not being overly transparent, but we shouldn't be afraid to discuss things here especially regarding spending. If we're smart with our spending we can invest in Bitcoin. Therefore being transparent sometimes allows us to spend more than we need to accumulate Bitcoin.

This will not be finished let alone too economical, but we have to make a choice between the two because someone who knows how to invest in Bitcoin of course this is no longer a reason in choosing what they should do because it is based on their habit of investing in Bitcoin so that they can handle expenses even though the source of income they get is only in one place, this is apart from the habits that make them have one decision in achieving their investment goals for the future of course.

Generally speaking, whenever we participate in forum threads, we have obligations to stay on topic of the thread, yet of course, guys will have differing ideas regarding how to manage their money and how to invest in bitcoin.  I tend to appreciate if guys are bringing up their own experiences in order to attempt to shed light on various bitcoin investment and/or cashflow management ideas.  There are a lot of guys who post about theories and it can sometimes be difficult to understand what they are talking about if they don't seem to be relating their theories to their personal experiences.

In this particular thread, I made it a self-moderated thread, so there should be attempts to relate any of your bitcoin investment ideas and/or cashflow management issues to the ideas that I set forth.  In a self-moderated thread like this own, if I think that the ideas of your posts are going too far afield from the topic, then I can delete your posts.

[laspol65]

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.

Controlling emotions is important when investing. Just as you can emotionally buy Bitcoin and sell real assets during a period of decline, you can also emotionally sell even if you make a small profit. This is the main reason why traders always regret selling at a low price. While trading strategies fail for most traders, the DCA strategy is the most effective and sustainable method for Bitcoin. These traders are at the highest risk of FOMO and sometimes even withdraw in losses. Narrow the space for emotions when investing and apply realistic decisions.

It is necessary to dedicate yourself to Bitcoin investment, because if you have a random attitude, then it will not be possible to sustain the investment for a long time. However, every Bitcoin holder should hold it scientifically for a long time and not be greedy for money, those who are greedy for money get into trouble in sustaining their investment because along with investing in Bitcoin, they are also greedy for money and want to give up their holding if the price of Bitcoin increases.
For all those people, I say that they should follow the DCA method regularly and also develop a long-term attitude, then they will be able to sustain their investment for a long time.

[alankasman]

It is necessary to dedicate yourself to Bitcoin investment, because if you have a random attitude, then it will not be possible to sustain the investment for a long time. However, every Bitcoin holder should hold it scientifically for a long time and not be greedy for money, those who are greedy for money get into trouble in sustaining their investment because along with investing in Bitcoin, they are also greedy for money and want to give up their holding if the price of Bitcoin increases.
For all those people, I say that they should follow the DCA method regularly and also develop a long-term attitude, then they will be able to sustain their investment for a long time.

This is certainly a brilliant idea, as many people are overly greedy when spending money. This type of investment will certainly not allow us to maintain it long-term. This is because we are still inconsistent in holding our money. This will make it difficult to invest in Bitcoin as we are not yet proficient in holding it. Moreover once we have Bitcoin our habit of investing will become a barrier especially since our greedy nature makes it very difficult to maintain investments long-term.

That's one method I find very effective for investing in Bitcoin using the DCA method regularly as it consistently develops our long-term investment goals.

[Dictator69]

It looks like you got hypo 15 from my opening post 2, which was surely one of the most newbie of the bitcoin accumulation statuses.

Based on your forum registration date, you have nearly 3 years in bitcoin, yet if you had not been accumulating bitcoin for that whole time, then yeah, you have a later starting date.
............
It seems to me that a valid goal is getting to overaccumulation status, and it also seems to me that you are not going to get there if you are selling, thinking about selling and/or failing to continually accumulate bitcoin until perhaps the size of your stash might suggest adjusting some of your tactics, yet with your stated goals Dictator69 it seems that you probably should be ongoingly accumulating bitcoin for at least a couple more cycles even if you might have already been accumulating more than 2.5 years.

Thanks for your detailed response on this, I know I lost a golden period of investing in bitcoin, but I was learning, I had little or no idea, I was spending some time here on the forum, but I was not so active, I merely makes posts, sometimes I was gone for months, I was not consistent.

But now I am, because when bitcoin hit $100k I realized the biggest mistake, or I should say one of the biggest mistakes of my life was not to invest but so far I have understand what is going on and I am more energetic now, I am setting things up, I am not earning that much just so you know, but I will be doing DCA now with consistency no matter how much I can accumulate.

Now I was reading the OP post again, I tried reading it 2 to 3 times before, but things were a bit confusing for me, so I read again with calm mind, I remove the thought of making money from my mind, I set aside that feeling of FOMO, and that my train is going to be missed. I imagined myself I am on the train already haha.

So when I read, things made sense, I know it is not that hard for anyone to read it, I am not saying you write in difficult way. But it was me who was in hurry.

Anyway, I read, things made sense, the numbers you shared, made more sense, I realized more, the mistakes I made, but I think I can still turn things into my favor by investing now, I can accumulate as little as I can, even as you said in hard times, lower the DCA amount but never stop. I feel that.

Speaking of selling at $200k, that was also hypothetical, as I was saying, even if I was accumulating, I would have sold at $200k or maybe I would have sold the new all time high.

[JayJuanGee]

It looks like you got hypo 15 from my opening post 2, which was surely one of the most newbie of the bitcoin accumulation statuses.

Based on your forum registration date, you have nearly 3 years in bitcoin, yet if you had not been accumulating bitcoin for that whole time, then yeah, you have a later starting date.
............
It seems to me that a valid goal is getting to overaccumulation status, and it also seems to me that you are not going to get there if you are selling, thinking about selling and/or failing to continually accumulate bitcoin until perhaps the size of your stash might suggest adjusting some of your tactics, yet with your stated goals Dictator69 it seems that you probably should be ongoingly accumulating bitcoin for at least a couple more cycles even if you might have already been accumulating more than 2.5 years.

Thanks for your detailed response on this, I know I lost a golden period of investing in bitcoin, but I was learning, I had little or no idea, I was spending some time here on the forum, but I was not so active, I merely makes posts, sometimes I was gone for months, I was not consistent.

But now I am, because when bitcoin hit $100k I realized the biggest mistake, or I should say one of the biggest mistakes of my life was not to invest but so far I have understand what is going on and I am more energetic now, I am setting things up, I am not earning that much just so you know, but I will be doing DCA now with consistency no matter how much I can accumulate.

Now I was reading the OP post again, I tried reading it 2 to 3 times before, but things were a bit confusing for me, so I read again with calm mind, I remove the thought of making money from my mind, I set aside that feeling of FOMO, and that my train is going to be missed. I imagined myself I am on the train already haha.

So when I read, things made sense, I know it is not that hard for anyone to read it, I am not saying you write in difficult way. But it was me who was in hurry.

Anyway, I read, things made sense, the numbers you shared, made more sense, I realized more, the mistakes I made, but I think I can still turn things into my favor by investing now, I can accumulate as little as I can, even as you said in hard times, lower the DCA amount but never stop. I feel that.

Speaking of selling at $200k, that was also hypothetical, as I was saying, even if I was accumulating, I would have sold at $200k or maybe I would have sold the new all time high.

I get the sense that you are struggling with your desire to get profits and to be able to cash out profits from your BTC in order to get more dollars from you bitcoin, yet if you really are accumulating BTC at a fairly low level (based on your income being low), then you probably would be better off to just figure out ways that you don't even think about selling any bitcoin for 10 years or more - perhaps even 15 years or more, and then when you get to 10 years of accumulating, you can reassess at that time if you need to keep accumulating BTC at the same rate or if you might be able to stop accumulating BTC or to change your intensity in BTC accumulation to perhaps only accumulate bitcoin on dips rather than all of the time.

In other words, from the description of your facts, I cannot really see any reason why you would be slowing down in your bitcoin accumulation, even if (when) bitcoin prices get to $200k.. You seem to have a long way to go before you are even close to be at a point that you can start to sustainably withdraw from your BTC holdings.    Perhaps you don't even understand sustainable withdrawal and you cannot stop thinking about your bitcoin as a trade rather than something that would be long term sustainable way to get an income ofr the rest of your life, without working (except the accounting that is required to manage your bitcoin holdings).

Let's say that you have been accumulating bitcoin for 10 years and you consider that you are going to stop accumulating bitcoin, so at that time, you can assess the bitcoin that you had accumulated over the prior 10 years and you would see that you would have some bitcoin (satoshis) that you purchased 10 years earlier and you would have other satoshis that you would have had purchased 5 years earlier and then other satoshis that you would have had purchased within the past year or two... older and newer satoshis with varying cost bases..

You can structure your transition from your BTC accumulation phase to your BTC maintenance phase to your BTC sustainable withdrawal phase however you like, yet i would think that there might be a goal to get to a high enough bitcoin stash size levels so that your BTC stash size would sustain a withdrawal level in dollars that is either enough for you to completely live off of or alternatively your sustainable withdrawal level is high enough to meaningfully supplement any other income that you might have at the time that you begin your sustainable withdrawal phase.    

Are you even able to think about your bitcoin stash as a way to sustainably withdrawal rather than as a trade, which is getting in and then getting out?  

You are having difficulties with this idea, and maybe you need to adjust your bitcoin investment level downward so that you are not so much thinking about short term (or one time) profits, and yeah, if you reduce your investment amount, then you re going to have fewer bitcoin (satoshis) later down the road, yet at the same time, you have to figure a balance that is not causing you to constantly ponder over cashing out some of it based on prices, whether the BTC price goes to $200k or $500k or whatever price.  You seem to have troubles with the idea of ongoingly buying bitcoin, and you transition into stopping buying and even more extreme selling BTC rather than ongoingly buying it.

I have also mentioned several times that it is my belief that if any of us are able to accurately calculate our level of bitcoin accumulated to justify sustainable withdrawal rate, then each year we would be able to give ourselves a 7% increase in the dollar withdrawal amount... and the main thing with all of the sustainable withdrawal is to end up withdrawing from the BTC stash at a rate that is on average lower than the amount that the BTC stash is growing in its dollar value each year.. so even if we are withdrawing at 10% of the 200-WMA value, then the 200-WMA is growing faster than 10% each year and the 200-WMA is growing at such a rate that it also allows us to give ourselves a 7% increase in the dollar amount each year based on the 200-WMA growing faster than the rate that we are withdrawing from it .. which is another reason to use the 200-WMA as the way to measure the value of your BTC holdings, since the 200-WMA tends to represent that bottom and it is ongoingly growing.  I tend to allow full withdrawal in the dollar amount as long as the BTC spot price is at least 25% higher than the 200-WMA..and then to start to reduce the withdrawal rate if the BTC spot price is less than 25% higher than the 200-WMA, including even lower withdrawal rates if the BTC spot price goes below the 200-WMA.

For sure, each person is responsible for figuring out how to get his bitcoin stash to a high enough level that he is meaningfully empowered by the accumulation of BTC and in order to calculate a meaningful sustainable withdrawal rate if he wants to be empowered with the idea of getting a meaningful income from all the bitcoin that he ended up stashing over the years.

Also if you are in accumulation phase and you are expecting that it might even take you 15 years or more before you are able to start to cash out on some of your bitcoin, then you can project out various numbers that involve BTC price and how many BTC you have in order that you have some ideas where you expect to be in your bitcoin accumulation journey at various points in time and at various prices.. and your projections might overshoot or undershoot where you end up being, which is likely a justification for projecting out several scenarios such as: base case scenario, worse case scenario, best case scenario and perhaps some other scenarios (I personally like using Excel for this since once you create your base case scenario, then you can copy and paste to create alternative scenarios that just change some of the variables from the base case scenario).

[Vompola]

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.

By prioritizing cash flow, an investor can easily start the investment journey without making the investment process seem so complicated. The more complicated the investment is, the more the investment will be delayed.

I mentioned the issue of "cash flow" in the first line, let's try to break down this "cash flow". Cash flow basically refers to that issue, i.e. how much money is coming to you and how much money is going away from you. I think cash flow is very important for investment because if we cannot plan according to income and expenditure, then the chances of our plan being successful will decrease. Some people understand investment as a complete idea about investment, knowing everything, but in fact, the things that are more important to invest are, what am I buying and why am I buying and what is my purpose, how much money do I have left at the end of the expenditure, and whether I am taking any steps so that my income will not be affected even if it is temporarily stopped. I think if you know these few things, you will not have to face any problems in investment.

 Another important issue in investment is buying and holding it.  It is better to buy according to the DC method and holding should definitely be long-term. If an emergency fund can be kept ready along with investing and holding, then this gives more security to the investment.

You said another important thing that "the rest can be learned by doing" Yes, I completely agree with this, because when I invest practically, I will be able to learn about many unknown information.

Finally, I want to say that investing does not mean acting like trading or investing does not mean selling, but investing is about holding for a long time and continuously enriching the portfolio.

[edited out]

~~~

Generally speaking, whenever we participate in forum threads, we have obligations to stay on topic of the thread, yet of course, guys will have differing ideas regarding how to manage their money and how to invest in bitcoin.  I tend to appreciate if guys are bringing up their own experiences in order to attempt to shed light on various bitcoin investment and/or cashflow management ideas.  There are a lot of guys who post about theories and it can sometimes be difficult to understand what they are talking about if they don't seem to be relating their theories to their personal experiences.

In this particular thread, I made it a self-moderated thread, so there should be attempts to relate any of your bitcoin investment ideas and/or cashflow management issues to the ideas that I set forth.  In a self-moderated thread like this own, if I think that the ideas of your posts are going too far afield from the topic, then I can delete your posts.

Everyone can express their personal opinions or share strategies in the forum, but if you go outside the discussion of the thread, the discussion is often confusing. For example, a new member enters a thread where only long-term investments are discussed, but in the same thread another member discusses gambling, then it is really confusing (I used gambling only to give an example). Bitcoin investment cash flow management are all compatible with this discussion. I quite agree that the practical knowledge of one person is much more important than the theoretical knowledge of another. If you read the theory, you will remember it for a few days, but if I learn something practically or do it practically, then I will remember it for a lifetime, that is why practical discussions are more practical.

[JayJuanGee]

[edited out

By prioritizing cash flow, an investor can easily start the investment journey without making the investment process seem so complicated. The more complicated the investment is, the more the investment will be delayed.

I mentioned the issue of "cash flow" in the first line, let's try to break down this "cash flow". Cash flow basically refers to that issue, i.e. how much money is coming to you and how much money is going away from you. I think cash flow is very important for investment because if we cannot plan according to income and expenditure, then the chances of our plan being successful will decrease.

Of course on broad level cashflow relates to how much income is coming in versus how many expenses, yet with bitcoin investing, many of us like to attempt to be more specific in terms of trying to point out how to figure out when funds are available for investing and other ways of managing income that might be available for investing.

Accordingly, if we have a monthly income and we have various kinds of monthly expenses, then once we take care of our basic expenses, then the remaining part is discretionary income.

With our discretionary income we can invest, save or consume... so then if we are investing in bitcoin we can choose how much of our discretionary income that we are going to use to invest, save and/or consume.

If we are managing our cashflows then of course we make sure that we take care of our basic expenses first and then also make sure that we stay within our discretionary funds in regards to how much we are investing.. and if we have savings, such as emergency fund and reserve funds, those savings will build  up, so if we spend beyond our discretionary funds, we could save ourselves with our emergency funds and/or our reserve funds... so the more savings that we have, then the more cash cushion we have in terms of our making mistakes or even accidentally investing too aggressively or even consuming too aggressively.

Some people understand investment as a complete idea about investment, knowing everything, but in fact, the things that are more important to invest are, what am I buying and why am I buying and what is my purpose, how much money do I have left at the end of the expenditure, and whether I am taking any steps so that my income will not be affected even if it is temporarily stopped. I think if you know these few things, you will not have to face any problems in investment.
 Another important issue in investment is buying and holding it.  It is better to buy according to the DC method and holding should definitely be long-term. If an emergency fund can be kept ready along with investing and holding, then this gives more security to the investment.

You said another important thing that "the rest can be learned by doing" Yes, I completely agree with this, because when I invest practically, I will be able to learn about many unknown information.
Finally, I want to say that investing does not mean acting like trading or investing does not mean selling, but investing is about holding for a long time and continuously enriching the portfolio.

Of course, we are talking about bitcoin and investing here.. Not shitcoins, other investments or trading.

[edited out]

~~~

Generally speaking, whenever we participate in forum threads, we have obligations to stay on topic of the thread, yet of course, guys will have differing ideas regarding how to manage their money and how to invest in bitcoin.  I tend to appreciate if guys are bringing up their own experiences in order to attempt to shed light on various bitcoin investment and/or cashflow management ideas.  There are a lot of guys who post about theories and it can sometimes be difficult to understand what they are talking about if they don't seem to be relating their theories to their personal experiences.

In this particular thread, I made it a self-moderated thread, so there should be attempts to relate any of your bitcoin investment ideas and/or cashflow management issues to the ideas that I set forth.  In a self-moderated thread like this own, if I think that the ideas of your posts are going too far afield from the topic, then I can delete your posts.

Everyone can express their personal opinions or share strategies in the forum, but if you go outside the discussion of the thread, the discussion is often confusing. For example, a new member enters a thread where only long-term investments are discussed, but in the same thread another member discusses gambling, then it is really confusing (I used gambling only to give an example). Bitcoin investment cash flow management are all compatible with this discussion. I quite agree that the practical knowledge of one person is much more important than the theoretical knowledge of another. If you read the theory, you will remember it for a few days, but if I learn something practically or do it practically, then I will remember it for a lifetime, that is why practical discussions are more practical.

Even though you are proclaiming to be on topic Vompola, you are pretty general with your discussion points, and not really seeming to grapple with any of my various investment ideas, so you might want to read some parts of the thread if you want to try to stay on topic.

[alankasman]

Of course on broad level cashflow relates to how much income is coming in versus how many expenses, yet with bitcoin investing, many of us like to attempt to be more specific in terms of trying to point out how to figure out when funds are available for investing and other ways of managing income that might be available for investing.
Accordingly, if we have a monthly income and we have various kinds of monthly expenses, then once we take care of our basic expenses, then the remaining part is discretionary income.
With our discretionary income we can invest, save or consume... so then if we are investing in bitcoin we can choose how much of our discretionary income that we are going to use to invest, save and/or consume.
If we are managing our cashflows then of course we make sure that we take care of our basic expenses first and then also make sure that we stay within our discretionary funds in regards to how much we are investing.. and if we have savings, such as emergency fund and reserve funds, those savings will build  up, so if we spend beyond our discretionary funds, we could save ourselves with our emergency funds and/or our reserve funds... so the more savings that we have, then the more cash cushion we have in terms of our making mistakes or even accidentally investing too aggressively or even consuming too aggressively.

We often make comparisons like this every day but if the goal is the same it doesn't matter to me. It means someone with an unstable income knows how to manage their cash flow. In such a financial situation their goal is sometimes simply to invest in Bitcoin even if it's a small amount but consistently manage their income so that their cash flow remains unaffected by expenses that might be detrimental to one party.
With an unstable income but a clever way of managing it this makes it much easier if they have other sources of income. They might no longer experience difficulties managing their income as they might still consider investing due to limited income. Moreover if they have additional sources of income it might be even easier to invest and accumulate as much Bitcoin as possible.

This also applies to us as a whole. Even if we receive a substantial income whether weekly or monthly if we don't understand the basic concepts of financial management we will likely spend more leaving nothing left to use as a tool for future emergencies.

If the income we have is only one place of course, if we are married of course for me personally it is difficult unless we have several businesses that can generate income exceeding our needs so it is very natural for us to save let alone invest in accumulating Bitcoin in large amounts of course this will be a big advantage for us for our future but as discussed earlier if we only have income that cannot be enough for our needs for one month of course it is very difficult to invest because we need more than the income we experience so it is not worth investing in only having one place of work unless there is an alternative job that generates all of that we can do to invest in our future.

[Loyang]

Of course on broad level cashflow relates to how much income is coming in versus how many expenses, yet with bitcoin investing, many of us like to attempt to be more specific in terms of trying to point out how to figure out when funds are available for investing and other ways of managing income that might be available for investing.
Accordingly, if we have a monthly income and we have various kinds of monthly expenses, then once we take care of our basic expenses, then the remaining part is discretionary income.
With our discretionary income we can invest, save or consume... so then if we are investing in bitcoin we can choose how much of our discretionary income that we are going to use to invest, save and/or consume.
If we are managing our cashflows then of course we make sure that we take care of our basic expenses first and then also make sure that we stay within our discretionary funds in regards to how much we are investing.. and if we have savings, such as emergency fund and reserve funds, those savings will build  up, so if we spend beyond our discretionary funds, we could save ourselves with our emergency funds and/or our reserve funds... so the more savings that we have, then the more cash cushion we have in terms of our making mistakes or even accidentally investing too aggressively or even consuming too aggressively.

We often make comparisons like this every day but if the goal is the same it doesn't matter to me. It means someone with an unstable income knows how to manage their cash flow. In such a financial situation their goal is sometimes simply to invest in Bitcoin even if it's a small amount but consistently manage their income so that their cash flow remains unaffected by expenses that might be detrimental to one party.
With an unstable income but a clever way of managing it this makes it much easier if they have other sources of income. They might no longer experience difficulties managing their income as they might still consider investing due to limited income. Moreover if they have additional sources of income it might be even easier to invest and accumulate as much Bitcoin as possible.

This also applies to us as a whole. Even if we receive a substantial income whether weekly or monthly if we don't understand the basic concepts of financial management we will likely spend more leaving nothing left to use as a tool for future emergencies.

If the income we have is only one place of course, if we are married of course for me personally it is difficult unless we have several businesses that can generate income exceeding our needs so it is very natural for us to save let alone invest in accumulating Bitcoin in large amounts of course this will be a big advantage for us for our future but as discussed earlier if we only have income that cannot be enough for our needs for one month of course it is very difficult to invest because we need more than the income we experience so it is not worth investing in only having one place of work unless there is an alternative job that generates all of that we can do to invest in our future.

Basically, a person needs to manage his expenses within his means. When a person spends more than his income, he is a victim of such a situation. My country's inflation rate is very high, but our neighbor's income is very low and yet he is able to easily save some more money every month from his income. The biggest reason for being able to save this amount of money is that he does not waste money and never spends money to show anyone. That is why he is able to save money at the end of the month.

But in the present time, one of the biggest problems among us is that we spend more money than the amount of money we earn and when something new is trending in the market, we get busy spending money after it. Because of this, in the present time, our expenses are much higher than our income and at the end of the day or the end of the month, we do not have money to invest or save.

We need to reduce our waste of money as much as possible. When we are able to reduce the depreciation of money, we will have money at the end of the month, with which we will be able to invest or save money very easily.

[JayJuanGee]

Of course on broad level cashflow relates to how much income is coming in versus how many expenses, yet with bitcoin investing, many of us like to attempt to be more specific in terms of trying to point out how to figure out when funds are available for investing and other ways of managing income that might be available for investing.
Accordingly, if we have a monthly income and we have various kinds of monthly expenses, then once we take care of our basic expenses, then the remaining part is discretionary income.
With our discretionary income we can invest, save or consume... so then if we are investing in bitcoin we can choose how much of our discretionary income that we are going to use to invest, save and/or consume.
If we are managing our cashflows then of course we make sure that we take care of our basic expenses first and then also make sure that we stay within our discretionary funds in regards to how much we are investing.. and if we have savings, such as emergency fund and reserve funds, those savings will build  up, so if we spend beyond our discretionary funds, we could save ourselves with our emergency funds and/or our reserve funds... so the more savings that we have, then the more cash cushion we have in terms of our making mistakes or even accidentally investing too aggressively or even consuming too aggressively.

We often make comparisons like this every day but if the goal is the same it doesn't matter to me. It means someone with an unstable income knows how to manage their cash flow. In such a financial situation their goal is sometimes simply to invest in Bitcoin even if it's a small amount but consistently manage their income so that their cash flow remains unaffected by expenses that might be detrimental to one party.

Even if guys are coming to their own determinations regarding how to invest and/or how to manage their cashflows, frequently there remains importance in making sure that we are understanding the various concepts in order that we might identify if there might be areas in which we might want to tweak the systems that we have in place.

If we are just shooting from the hip, we might not appreciate the extent that we might be overdoing our investment into bitcoin or under doing it, and surely sometimes people will also weigh how much time that they want to spend analyzing their own practices, so they may well employ ballpark practices (and perhaps sloppiness, too?), which they may or may not have intentions to improve.

Even you, alankasman, have proclaimed that motivations to participate in a forum like this (or a thread like this) would be to potentially figure out ways in which we might be able to help ourselves in regards to our bitcoin investment and/or cashflow management practices.

With an unstable income but a clever way of managing it this makes it much easier if they have other sources of income.

Of course, the more unstable income and/or expenses, then the more likely that such person is going to need to maintain higher levels of back up funds - otherwise they might end up scrambling at times that they don't want to (causing themselves unnecessary stress) in regards to ways that they might need to get some income or to cut some expenses.

They might no longer experience difficulties managing their income as they might still consider investing due to limited income.

Better management (and organization) becomes more important the lower the quantity of income (and discretionary income - especially), so it becomes problematic to merely proclaim situations in which management becomes less important unless the income is higher and then allows for more sloppiness... also if the back up funds are higher and/or the various ways of getting bailed out (such as family and/or friends) then more sloppiness in managing funds would be feasible without necessarily having to tap into their bitcoin investment at a time that might not have had been of their own choosing.

Moreover if they have additional sources of income it might be even easier to invest and accumulate as much Bitcoin as possible.

This also applies to us as a whole. Even if we receive a substantial income whether weekly or monthly if we don't understand the basic concepts of financial management we will likely spend more leaving nothing left to use as a tool for future emergencies.

Of course there are situations in which persons who have a lot of advantages in terms of their income and/or their higher level of discretionary funds who end up screwing up in their bitcoin accumulation and/or even screwing up in their abilities to hold their bitcoin based on poor cashflow management practices.. .which sometimes will show that even folks who have lower income and/or lower discretionary funds might be able to build up higher quantities of bitcoin, especially over long periods of time, due to their better focus, greater prioritization of their bitcoin investing and their strengthening their cashflow management systems/practices.

Having additional sources of income does not necessarily make up for bad cashflow management systems/practices - especially for guys who fail/refuse to build and/or maintain sufficient/adequate back up funds.

If the income we have is only one place of course, if we are married of course for me personally it is difficult unless we have several businesses that can generate income exceeding our needs so it is very natural for us to save let alone invest in accumulating Bitcoin in large amounts of course this will be a big advantage for us for our future but as discussed earlier if we only have income that cannot be enough for our needs for one month of course it is very difficult to invest because we need more than the income we experience so it is not worth investing in only having one place of work unless there is an alternative job that generates all of that we can do to invest in our future.

For sure you have to have discretionary funds in order to be able to invest, so if you do not have discretionary funds that are high enough for you to be able to throw away or lock up funds that you put into bitcoin for 4-10 years or longer, then it would amount gambling if you are not using money that you can afford to lose in regards to what you are putting into bitcoin and your choices about whether to put money into bitcoin at all has to do with your abilities to generate income that is excess to your expenses, and if you cannot do that then you should not be putting that money into bitcoin since I personally don't recommend trading and/or gambling with bitcoin and instead bitcoin is an investment that is 4-10 years or longer, and usually more than 10 years, unless you happen to have some age and/or health considerations that would not allow you to commit to 10 years or more, then if you have age and/or health concerns that limit your timeline, then you still should be able to dedicate at least 4 years to any amount that you are putting in, otherwise you are trading and/or gambling rather than investing (which is not recommended - even though each person is free to do whatever he likes, even dumb shit - yet promoting and/or advocating for doing the dumb shit is off topic in this thread).

By the way, I do tolerate a bit of dumb shit to the extent that guys might choose to gamble and/or trade and/or fuck around with shitcoins, then they should limit that dumb shit to no more than 10% of the size or their bitcoin investment, and in the case of a person who is new to bitcoin and considering investing into it, but has less than a 4 year timeline based on age and/or health considerations, then they likely have to figure out some tolerable level of gambling that is hopefully less than 10% of their overall quasi-liquid investment portfolio... yet of course, they have to figure out their own limits and if they are overly gambling with their investment portfolio they may weill end up depleting their funds during periods that they might need them to cover their own basic expenses.

[edited out]

We need to reduce our waste of money as much as possible. When we are able to reduce the depreciation of money, we will have money at the end of the month, with which we will be able to invest or save money very easily.

I agree with various aspects of the overall sentiment of your post, even though I won't agree that making sure to figure out ways to assure that there is discretionary income every week (or month) to be able to buy bitcoin is "easy."  The poorer a person is and the smaller their discretionary income the more difficult it becomes to figure out when they might have enough extra money to be able to put some of that into bitcoin and to lock that money up for 4-10 years or longer.. and sometimes there can be various expenses in which it is not clear if they are wants or needs, so the trade offs can be difficult to make.. and so for example, a person might be trying to figure out which food products to buy, and sometimes there could be ways to buy in bulk and perhaps to share with family members that would cause some complications, yet at the same time result in better quality food for the same quantity of money, and so sometimes a person might need to make sure that they are not overly consuming low quality food that might potentially cause health issues, and so sometimes it may well be better to spend more money on certain kinds of food, which might end up resulting in lower abilities to invest in bitcoin in that week (or month). 

Even like a child (like a daughter) might want to (or need to) participate in a certain kind of a school-related camp that might involve learning and/or relationship building and/or socialization, and so the camp might cost $100 for the various costs, and so there can be difficulties figuring out if the camp attendance is a want or a need, and there might even be disagreements in the family regarding some expenses that are chosen to keep and some that are chosen to cut.

[alankasman]

Even if guys are coming to their own determinations regarding how to invest and/or how to manage their cashflows, frequently there remains importance in making sure that we are understanding the various concepts in order that we might identify if there might be areas in which we might want to tweak the systems that we have in place.
If we are just shooting from the hip, we might not appreciate the extent that we might be overdoing our investment into bitcoin or under doing it, and surely sometimes people will also weigh how much time that they want to spend analyzing their own practices, so they may well employ ballpark practices (and perhaps sloppiness, too?), which they may or may not have intentions to improve.
Even you, alankasman, have proclaimed that motivations to participate in a forum like this (or a thread like this) would be to potentially figure out ways in which we might be able to help ourselves in regards to our bitcoin investment and/or cashflow management practices.

Of course this is part of what everyone must do to make wise decisions so they don't make mistakes that lead to incorrect investment methods or proper cash flow management. Although sometimes a concept is already accepted this is a moment to maintain one's personal integrity to prevent changes that could change one's entire pattern.

Yes, because if it's excessive it will certainly become an obstacle for someone to face in excessive investing. This will lead to a person's consistency in considering the time for analysis and losing focus on implementing practices that are usually not so reckless. However when they become consistent such a person will naturally become more aggressive in implementing harsh practices.

Yes Mr. @JayJuanGee. I feel this forum is very worthy for us to discuss when there is something that we don't know yet of course after we express it here maybe there are those who understand more about what we don't know yet of course this will be very helpful so that what we mean can be explained by our friends who are also in this forum for me personally it is very motivating when there is more in terms of potential that someone in this forum has so that even the difficult ones will become easy so the motivation I get here will be even more enthusiastic when investing in accumulating BTC by buying DCA so that what we do will certainly help our cash flow in investing.

Of course there are situations in which persons who have a lot of advantages in terms of their income and/or their higher level of discretionary funds who end up screwing up in their bitcoin accumulation and/or even screwing up in their abilities to hold their bitcoin based on poor cashflow management practices.. .which sometimes will show that even folks who have lower income and/or lower discretionary funds might be able to build up higher quantities of bitcoin, especially over long periods of time, due to their better focus, greater prioritization of their bitcoin investing and their strengthening their cashflow management systems/practices.
Having additional sources of income does not necessarily make up for bad cashflow management systems/practices - especially for guys who fail/refuse to build and/or maintain sufficient/adequate back up funds.

Therefore as I mentioned earlier many people aren't necessarily able to maintain their investment. Sometimes those with low incomes can be successful in daring to invest in Bitcoin even if only a small amount. This is because they manage their cash flow to cover their expenses by setting aside a small amount of their income. They consistently maintain their investment every time they receive money from their workplace. This is one way they build investments based on their knowledge for the future which they certainly feel they can afford.

If they're always in the wrong place meaning they don't have the knowledge to cover for replacing the system no matter how much cash flow they have they won't be able to maintain the available funds no matter how much they already have. They still fail to build that money to increase their cash flow adding to what they already have. This will be a complete failure in cash flow management.

[Cossyblack]

It is necessary to dedicate yourself to Bitcoin investment, because if you have a random attitude, then it will not be possible to sustain the investment for a long time. However, every Bitcoin holder should hold it scientifically for a long time and not be greedy for money, those who are greedy for money get into trouble in sustaining their investment because along with investing in Bitcoin, they are also greedy for money and want to give up their holding if the price of Bitcoin increases.
For all those people, I say that they should follow the DCA method regularly and also develop a long-term attitude, then they will be able to sustain their investment for a long time.

The DCA strategy is solely an accumulating strategy and can't be used to sustain your bitcoin investment . If your accumulating bitcoin using the DCA strategy, it isn't a guarantee that you can sustain your bitcoin investment for the long term. To sustain your bitcoin investment for the long, you should setup an Emergency fund. Your Emergency fund is a protective nets for your bitcoin investment. It stand as the last line of defence for your bitcoin investment incase of real life emergencies so that you don't sell your bitcoin investment prematurely.

[Loyang]

Of course this is part of what everyone must do to make wise decisions so they don't make mistakes that lead to incorrect investment methods or proper cash flow management. Although sometimes a concept is already accepted this is a moment to maintain one's personal integrity to prevent changes that could change one's entire pattern.

Yes, because if it's excessive it will certainly become an obstacle for someone to face in excessive investing. This will lead to a person's consistency in considering the time for analysis and losing focus on implementing practices that are usually not so reckless. However when they become consistent such a person will naturally become more aggressive in implementing harsh practices.

Yes Mr. @JayJuanGee. I feel this forum is very worthy for us to discuss when there is something that we don't know yet of course after we express it here maybe there are those who understand more about what we don't know yet of course this will be very helpful so that what we mean can be explained by our friends who are also in this forum for me personally it is very motivating when there is more in terms of potential that someone in this forum has so that even the difficult ones will become easy so the motivation I get here will be even more enthusiastic when investing in accumulating BTC by buying DCA so that what we do will certainly help our cash flow in investing.

In most cases or most of the time, inspiration is for a short time. But keeping yourself in control or discipline is the key to success. When you are able to keep yourself in control, you will be able to continue investing consistently. Stop yourself from wasting money and always try to follow proper financial management. So I think instead of being inspired, try to keep yourself in control or discipline. When you are able to keep yourself in control or discipline, you will be one step closer to success.

Therefore as I mentioned earlier many people aren't necessarily able to maintain their investment. Sometimes those with low incomes can be successful in daring to invest in Bitcoin even if only a small amount. This is because they manage their cash flow to cover their expenses by setting aside a small amount of their income. They consistently maintain their investment every time they receive money from their workplace. This is one way they build investments based on their knowledge for the future which they certainly feel they can afford.

If they're always in the wrong place meaning they don't have the knowledge to cover for replacing the system no matter how much cash flow they have they won't be able to maintain the available funds no matter how much they already have. They still fail to build that money to increase their cash flow adding to what they already have. This will be a complete failure in cash flow management.

A person always needs to invest with his discretionary income. If a person invests as soon as he gets money from his job and if he needs that amount of money, then he will have to sell his investment. So always invest with the amount of money that is left after deducting all your expenses and investing with the entire amount of your discretionary income will never be a right decision.

[ultrloa]

Of course on broad level cashflow relates to how much income is coming in versus how many expenses, yet with bitcoin investing, many of us like to attempt to be more specific in terms of trying to point out how to figure out when funds are available for investing and other ways of managing income that might be available for investing.
Accordingly, if we have a monthly income and we have various kinds of monthly expenses, then once we take care of our basic expenses, then the remaining part is discretionary income.
With our discretionary income we can invest, save or consume... so then if we are investing in bitcoin we can choose how much of our discretionary income that we are going to use to invest, save and/or consume.
If we are managing our cashflows then of course we make sure that we take care of our basic expenses first and then also make sure that we stay within our discretionary funds in regards to how much we are investing.. and if we have savings, such as emergency fund and reserve funds, those savings will build  up, so if we spend beyond our discretionary funds, we could save ourselves with our emergency funds and/or our reserve funds... so the more savings that we have, then the more cash cushion we have in terms of our making mistakes or even accidentally investing too aggressively or even consuming too aggressively.

We often make comparisons like this every day but if the goal is the same it doesn't matter to me. It means someone with an unstable income knows how to manage their cash flow. In such a financial situation their goal is sometimes simply to invest in Bitcoin even if it's a small amount but consistently manage their income so that their cash flow remains unaffected by expenses that might be detrimental to one party.
With an unstable income but a clever way of managing it this makes it much easier if they have other sources of income. They might no longer experience difficulties managing their income as they might still consider investing due to limited income. Moreover if they have additional sources of income it might be even easier to invest and accumulate as much Bitcoin as possible.

This also applies to us as a whole. Even if we receive a substantial income whether weekly or monthly if we don't understand the basic concepts of financial management we will likely spend more leaving nothing left to use as a tool for future emergencies.

If the income we have is only one place of course, if we are married of course for me personally it is difficult unless we have several businesses that can generate income exceeding our needs so it is very natural for us to save let alone invest in accumulating Bitcoin in large amounts of course this will be a big advantage for us for our future but as discussed earlier if we only have income that cannot be enough for our needs for one month of course it is very difficult to invest because we need more than the income we experience so it is not worth investing in only having one place of work unless there is an alternative job that generates all of that we can do to invest in our future.

Basically, a person needs to manage his expenses within his means. When a person spends more than his income, he is a victim of such a situation. My country's inflation rate is very high, but our neighbor's income is very low and yet he is able to easily save some more money every month from his income. The biggest reason for being able to save this amount of money is that he does not waste money and never spends money to show anyone. That is why he is able to save money at the end of the month.

But in the present time, one of the biggest problems among us is that we spend more money than the amount of money we earn and when something new is trending in the market, we get busy spending money after it. Because of this, in the present time, our expenses are much higher than our income and at the end of the day or the end of the month, we do not have money to invest or save.

We need to reduce our waste of money as much as possible. When we are able to reduce the depreciation of money, we will have money at the end of the month, with which we will be able to invest or save money very easily.

Saving is not all about how much they earn, this is provably all about how they are wise for managing those assets they have. Inflation and crisis make situation became more harder, but if they avoid wasting their money for unimportant things and have good discipline they provably have funds left to use for investment purposes.

The common problem today is, most of people always chase the trend and got pressure on their lifestyle. This is the reason why their money drain so fast. If they cut those unnecessary matters and focus on  important things needed, they provably can achieve living a comfortable life and have smooth investment with Bitcoin.

[JayJuanGee]

[edited out]

Of course this is part of what everyone must do to make wise decisions so they don't make mistakes that lead to incorrect investment methods or proper cash flow management. Although sometimes a concept is already accepted this is a moment to maintain one's personal integrity to prevent changes that could change one's entire pattern.

Each person has to figure it out, and there is likely no perfection, yet at the same time, if you go overboard in one direction or another by either being too whimpy or too aggressive, then you may end up having to pay for it without being able to undo whatever you had done.

Maybe some guys might not realize until 10 years later that they should have been shooting to invest 15% of their income into bitcoin rather than 10%, and even worse if they had ONLY done 5% when they could have had accomplished 15%.

Of course, sacrificing current consumption for a possibility of increased financial/psychological security in the future is not necessarily an easy thing to carry out and even on a regular basis cutting out some current spending to put that money into bitcoin, especially when there are no guarantees that the decision is going to be correct - since there are both asset risks and there are execution risks.

Yes, because if it's excessive it will certainly become an obstacle for someone to face in excessive investing. This will lead to a person's consistency in considering the time for analysis and losing focus on implementing practices that are usually not so reckless. However when they become consistent such a person will naturally become more aggressive in implementing harsh practices.

There is nothing wrong with being aggressive (since that shows high priority), even though there are problems when a person is overaggressive, which means that they had ended up going too far.  Sometimes the line between aggressive and overaggressive is not clear.

For example, if a person has an income of $30k per year ($2,500 per month) and expenses that are $1,500 per month, then he has $1k discretionary income each month.  Surely he could choose a potentially balanced approach and dedicate $333 to invest in bitcoin, $333 to save and $333 to consume.

He may end up getting in trouble if he were to dedicate $800 to investing and $200 to consuming and nothing to savings, yet he might not realize that he went overboard until something explodes later down the road.

If the guy had been investing in bitcoin for 2 years or more, then maybe we would expect that he had built up back up funds that are somewhere in the neighborhood of 3 months or more of his expenses (and in this example that would be $4,500), yet maybe the guy had some things that he wanted to buy and he also wanted to buy bitcoin on the dip, so he ended up tapping into his back up funds, and his back up funds were ONLY in the ballpark of $1k, and then if some kind of a shortfall of income and/or an increase in expenses ends up happening, he has almost no extra money to deal with his then short-fall of cash. So then any normal and/or expected kind of a situation ends up turning into an emergency and he may well end up exhausting his back up funds and even having to tap into his bitcoin at a time that was not of his choosing - which may end up with way more damage than if he had been more prudent in his cashflow management and based on the consequences ends up being an indication that he had gone overboard in his level of aggressiveness.. and he also may have ended up selling too many bitcoin too soon (tapping into his bitcoin at a time that was not of his own choosing, which should be a sign of having had screwed up).

Yes Mr. @JayJuanGee. I feel this forum is very worthy for us to discuss when there is something that we don't know yet of course after we express it here maybe there are those who understand more about what we don't know yet of course this will be very helpful so that what we mean can be explained by our friends who are also in this forum for me personally it is very motivating when there is more in terms of potential that someone in this forum has so that even the difficult ones will become easy so the motivation I get here will be even more enthusiastic when investing in accumulating BTC by buying DCA so that what we do will certainly help our cash flow in investing.

Sometimes guys who are not used to investing believe that they have to save up a lot of capital and then put the capital into bitcoin all at once, which is a wrong and likely even an inferior investment approach - especially with something like bitcoin where there are possibilities to buy in quite small quantities and to be able to tailor its accumulation to the ups and downs of your own cashflow situation... Which DCA allows you to do... you can figure out how aggressive you want to be any particular week (or whatever might be the frequency that you are buying), and sure there might be some weeks that you invest $100 and other weeks $10 and perhaps other weeks some other amounts - perhaps based on your own comfort level and/or your attempt to keep your cash cushion at a certain size that it does not go below, so you can see if your cash cushion is going below levels, then you might end up lowering your buys for that week or you might even skip the buys for that week.. yet hopefully you never put yourself into selling any of your bitcoin at a time that is not of your own choosing which may be purposefully creating a priority not to sell for 10 years or more into the future (and you can reassess your timeline from time to time too, as you progress in your building of your bitcoin stash).
 

Of course there are situations in which persons who have a lot of advantages in terms of their income and/or their higher level of discretionary funds who end up screwing up in their bitcoin accumulation and/or even screwing up in their abilities to hold their bitcoin based on poor cashflow management practices.. .which sometimes will show that even folks who have lower income and/or lower discretionary funds might be able to build up higher quantities of bitcoin, especially over long periods of time, due to their better focus, greater prioritization of their bitcoin investing and their strengthening their cashflow management systems/practices.
Having additional sources of income does not necessarily make up for bad cashflow management systems/practices - especially for guys who fail/refuse to build and/or maintain sufficient/adequate back up funds.

Therefore as I mentioned earlier many people aren't necessarily able to maintain their investment.

If you end up prioritizing your bitcoin investment, then you are putting systems in place in order to lessen the odds that you will end up tapping into your bitcoin at a time that is not of your own choosing.. and yeah, if you have weak cashflow management practices and/or you end up getting tempted by intermediary "profits" then you might not have the willpower to manage your holdings (without selling) for 10 years or longer.  

A lot of poor people stay poor because they end up getting overly excited by interim profits... and I am not saying it is easy to build such systems and to keep them in place in order to lessen the temptation of tapping into your bitcoin too soon.  

I am also not against spend and replace.  When i was in my accumulation stages between late 2013 and early 2017, I recall several times spending bitcoin and then replacing it (sometimes I would give bitcoin gifts to friends and/or family - maybe $5 or something like that).. so then if I ended up sending $5 then maybe I would replace it with $10 or $20.. I would use the opportunity to build my bitcoin higher rather than allowing my BTC stack to deplete, since I had considered myself in either my accumulation phase or at least in a kind of maintenance phase... which means to either ongoingly keep growing the BTC stash or at minimum not allowing the transaction to cause the BTC stash to shrink (even by a few satoshis).  

These are choices, and the choices are easier to exercise if you try to put in place and to maintain systems that cushion you from any needs (or desires) to tap into your bitcoin at any time that is other than your own choosing, and frequently forcing yourself to ongoingly buy will reinforce in your mind that you are buying and/or accumulation bitcoin and selling is not part of any formula that you are following while you are in your accumulation phase- except maybe spend and replace - since there is nothing wrong with promoting bitcoin, trying to practice spending and getting used to those aspects of bitcoin as long as you don't forget what phase of your bitcoin journey that you happen to be.. and surely any new investor and even originally poor people may well have to spend at least 10 years (perhaps even more) in an ongoing accumulation phase before they might transition into more of a maintenance phase.

In traditional investing it may well take investors/savers 30-40 years or more to build up a stash of wealth, and they may well never reach fuck you status (which is a status that they can quit their job and live off of their investment).  It seem to me that with bitcoin there could be possibilities to cut the timeline in half (such as 15-20 years) and even bring more likelihood that some form of fuck you status might be achievable (even though of course reaching fuck you status and/or your other bitcoin related wealth goals are not guaranteed, either).

Sometimes those with low incomes can be successful in daring to invest in Bitcoin even if only a small amount. This is because they manage their cash flow to cover their expenses by setting aside a small amount of their income. They consistently maintain their investment every time they receive money from their workplace. This is one way they build investments based on their knowledge for the future which they certainly feel they can afford.

If they're always in the wrong place meaning they don't have the knowledge to cover for replacing the system no matter how much cash flow they have they won't be able to maintain the available funds no matter how much they already have. They still fail to build that money to increase their cash flow adding to what they already have. This will be a complete failure in cash flow management.

It seems to me that if a person is able to start out and then to focus on ongoing learning without getting too aggressive in the beginning, then he should be able to pace himself in his bitcoin investment and improving his cashflow management systems/practices.. so that he may well even be ongoingly trying to identify aspects of bitcoin or even aspects of himself within the 9 individual factors and beyond that will help him to ongoingly continue to make progress in his wealth building... so for example, maybe he will identify that his math skills are not very good, so he might ongoingly practice math and give himself projects to improve on his math, and his projects can even be bitcoin studying related, since he can spend time putting together some spreadsheet (in Excel or some other ways) to project out cashflows and/or even to manage various aspects of his own income and expenses and to categorize various kinds of income or expenses that he has.. .and so then that kind of practice might contribute towards his getting better at math.. little by little.

It is necessary to dedicate yourself to Bitcoin investment, because if you have a random attitude, then it will not be possible to sustain the investment for a long time. However, every Bitcoin holder should hold it scientifically for a long time and not be greedy for money, those who are greedy for money get into trouble in sustaining their investment because along with investing in Bitcoin, they are also greedy for money and want to give up their holding if the price of Bitcoin increases.
For all those people, I say that they should follow the DCA method regularly and also develop a long-term attitude, then they will be able to sustain their investment for a long time.

The DCA strategy is solely an accumulating strategy and can't be used to sustain your bitcoin investment . If your accumulating bitcoin using the DCA strategy, it isn't a guarantee that you can sustain your bitcoin investment for the long term. To sustain your bitcoin investment for the long, you should setup an Emergency fund. Your Emergency fund is a protective nets for your bitcoin investment. It stand as the last line of defence for your bitcoin investment incase of real life emergencies so that you don't sell your bitcoin investment prematurely.

Of course, you protect your bitcoin investment through back up funds and/or emergency funds, yet you also protect your bitcoin investment by trying to make sure that you continue to have income that is coming in that is greater than your expenses, and so you may well try to make sure that you keep your expenses below your income.. so then you have extra money each week that you could choose to continue to buy bitcoin with part of that extra income.

You don't necessarily need a steady income to get started investing in bitcoin, yet if you are going to maintain your bitcoin investment and to potentially ongoingly build it, then it is good to seek ways to increase your income and/or cut your expenses and to ongoingly engage in such activities to the extent that it may be feasible for your own particular circumstances.

[Silverstonez]

A person always needs to invest with his discretionary income. If a person invests as soon as he gets money from his job and if he needs that amount of money, then he will have to sell his investment. So always invest with the amount of money that is left after deducting all your expenses and investing with the entire amount of your discretionary income will never be a right decision.

Most persons has faild to understand that investing in bitcoin is suppose to done within their discretionary income. Some persons even go extra mile to invest in bitcoin first immediately they receive their salary before they focus on settling their basic needs and expenses which is very wrong. Investing in bitcoin is suppose to be done  after you most have settled all your basic needs and expenses, then the leftover money is the money you should investing in bitcoin and not the other way round.