JJG’s Outline of Bitcoin Investment Ideas

[JayJuanGee]

Sure it is understandable that brand new people into bitcoin might feel that they are not able to commit for even 4 years, so brand new folks to bitcoin might come to bitcoin with ideas of getting in and out of bitcoin in less than 4 years, yet that is a trading mentality and the carrying out of trading activities, which we are not talking about in this thread.

You're right because people just starting out often lack time management. If they were ready to commit they would certainly gain a better understanding of Bitcoin in the four years they'd do so. If they only have the financial resources to understand Bitcoin it would be difficult for them to engage in the trading activities they likely hear about in every Bitcoin thread.

People start from where ever they are at, and sometimes it takes time for them to change their ways of thinking about matters, unless maybe they had already had some reason that they were inclined to think longer term.

So it can be possible to let them know that bitcoin is an investment rather than a trade - yet at the same time, they might be inclined to think about bitcoin as a trade or maybe thinking about something that they would like to save up and to buy, whether a car, or a house or investing into a business or something else.  So even if they get started thinking about bitcoin as  a trade, and if they get started buying bitcoin  weekly, and studying bitcoin, they might come around to understanding bitcoin differently, including increasing their own timeline ideas.

When we buy BTC, We must put aside worries about the price because it fluctuates 24/7, So we don't need to Panic because we are investing for our future.
Finances will determine the smooth running of investments, If there is no steady income, investments will be hampered.

If we take the initiative to start now, we have a significant opportunity because we buy at a cheaper price than a few months ago.
Make sure your investment run as Smoothly as possible and don't let Stress get in the way, as It can interfere with Your daily activities.

Sure there is nothing wrong with starting now.

And there would have had been nothing wrong with starting in October 2025 (at the ATH).

Guys who don't have any bitcoin should start whenever they first hear about bitcoin, so long as they have discretionary funds.

So, yeah, it is one thing to get started buying, yet it is another thing to keep building the investment into bitcoin which can take 4-10 years or longer just to build it up, depending on a person's cashflow situation and also their dedication to buying bitcoin whether it is at 5% of their income or 25% of their income or some other amount, and of course, the more aggressive they are, then the more they would build their bitcoin holdings - and so they need to account for their personal factors to help them to figure out their level of aggressiveness or their level of whimpiness in terms of their ongoing accumulation of bitcoin and/or other considerations that they might have.

I am not a great fan for ideas of waiting for the dip rather than ongoing buying, yet surely if a person finds themselves coming to bitcoin during a dip period like now, then it does seem to be a good time to get started, even though like I suggested it can be difficult to know the direction of the bitcoin price, even if the person had entered into bitcoin around September and/or early October when the bitcoin price was going to it ATH peak of $126k, when right now (for the last several hours) we are bouncing between $73k and $74k.. .and even seeming to want to push for lower levels, so we can never really know when or if the bottom is in, even though right now we are close to 42% below the October top.

[Saltysugar99]

People start from where ever they are at, and sometimes it takes time for them to change their ways of thinking about matters, unless maybe they had already had some reason that they were inclined to think longer term.

So it can be possible to let them know that bitcoin is an investment rather than a trade - yet at the same time, they might be inclined to think about bitcoin as a trade or maybe thinking about something that they would like to save up and to buy, whether a car, or a house or investing into a business or something else.  So even if they get started thinking about bitcoin as  a trade, and if they get started buying bitcoin  weekly, and studying bitcoin, they might come around to understanding bitcoin differently, including increasing their own timeline ideas.

I agree with you. Because I myself was also with this kind of thinking at first. I will buy Bitcoin and become rich after a few days. After that I kept asking questions on this forum about various things. Later I came to know about investing from DCA, discretionary income and long-term investment after studying your concepts.

My investment experience is only 3 months . In the first month, when I started buying Bitcoin weekly and the price started decreasing, my mental state was a little unstable. Later I understood to myself that the amount of $$ I was buying would have been wasted for various reasons. I am buying Bitcoin without doing any bad thing with it, so there will be benefits in the future. If it does not come with benefits  , my financial condition will not be bad for this money.

Now the price of Bitcoin has decreased a lot. Although I do not see the chart all day long. Only occasionally do I see the price decreasing when the notification comes. Although I do not care much about it anymore. Even seeing the price drop, I am not investing aggressively. I am doing DCA as before. In some weeks, the amount of $$ to buy is becoming relatively less. If I see many people on the forum saying "now is the right time to buy Bitcoin" "Buy Bitcoin and hold it as much as you can". But those who actually invest, who have slowly come out of the trading mentality, never say such things. I think those who do not actually have any Bitcoin holding or do not invest are the ones who are chatting on the forum like this.

But as you said, if someone starts buying every week for short-term trading, after a few days they will also start giving importance to proper and long-term accumulation. That is why it is important to start anyway, but if it is with a small amount, then it is best.

[Bigjoe33]

Any person who is willing, ready and able to invest in bitcoin is free to get started as soon as possible, provided the person have a source of income to be mapping out his or her discretionary income every week or every month. Further more when it comes to investment what determine someone profit is the amount of money invested and not confidence. That is why we always advise anyone who is just getting started with bitcoin to have an accumulating target, secondly the person has to be consistent in accumulating bitcoin using his/her discretionary income Via DCA method till he/ her reach the accumulating target and then hold for long term.

The concept of HODLing your bitcoin investment isn't applied only when you have reached your over-accumulation stage and/or accumulation target, nope. HODLing is your ability to HODL(not sell) your your bitcoin investment for any reason till you reach your accumulation target of over-accumulation stage. Once you start your investment, your ability to not sell your assets right from your building stage down to your over-accumulation stage is what we call HODLing. So it does not only start when you have reached your target, it starts as you start your investment.

Sure, there are many reasons that can make investors sell off there Investments or some without reaching there investment target, ranging from not investing rightly, investing with the wrong funds, greediness in investment, wrong income allocation and management, going for cheap trading, failing to build up your emergency funds and other back up funds, etc. But all these are spoken against and that investors should employ good investment practices to enable them HODL for long even right from the start of there investment

[JayJuanGee]

People start from where ever they are at, and sometimes it takes time for them to change their ways of thinking about matters, unless maybe they had already had some reason that they were inclined to think longer term.

So it can be possible to let them know that bitcoin is an investment rather than a trade - yet at the same time, they might be inclined to think about bitcoin as a trade or maybe thinking about something that they would like to save up and to buy, whether a car, or a house or investing into a business or something else.  So even if they get started thinking about bitcoin as  a trade, and if they get started buying bitcoin  weekly, and studying bitcoin, they might come around to understanding bitcoin differently, including increasing their own timeline ideas.

I agree with you. Because I myself was also with this kind of thinking at first. I will buy Bitcoin and become rich after a few days. After that I kept asking questions on this forum about various things. Later I came to know about investing from DCA, discretionary income and long-term investment after studying your concepts.

My investment experience is only 3 months . In the first month, when I started buying Bitcoin weekly and the price started decreasing, my mental state was a little unstable. Later I understood to myself that the amount of $$ I was buying would have been wasted for various reasons. I am buying Bitcoin without doing any bad thing with it, so there will be benefits in the future. If it does not come with benefits  , my financial condition will not be bad for this money.

Now the price of Bitcoin has decreased a lot. Although I do not see the chart all day long. Only occasionally do I see the price decreasing when the notification comes. Although I do not care much about it anymore. Even seeing the price drop, I am not investing aggressively. I am doing DCA as before. In some weeks, the amount of $$ to buy is becoming relatively less. If I see many people on the forum saying "now is the right time to buy Bitcoin" "Buy Bitcoin and hold it as much as you can". But those who actually invest, who have slowly come out of the trading mentality, never say such things. I think those who do not actually have any Bitcoin holding or do not invest are the ones who are chatting on the forum like this.

But as you said, if someone starts buying every week for short-term trading, after a few days they will also start giving importance to proper and long-term accumulation. That is why it is important to start anyway, but if it is with a small amount, then it is best.

3 months is a very short period to measure, and sure of course, the BTC price has been going down for that whole time, so yeah, whatever you bought is likely at a loss on paper, but if you are investing for 4-10 years or longer and sure more likely longer than 10 years, then it could take you some time to build up your holdings, and you might have decently long periods in losses (at least on paper), and even though there is not guarantee of profits, an underlying presumption of bitcoin is that it is generally trending upwards, especially in the longer term....

Sometimes a person might be investing aggressively while the BTC price is dipping, yet the price continues to dip.

So then at that point, you largely have run out of money and all that you have left is the amount that you pull from your discretionary funds, so yeah, your discretionary funds involve putting money into your investment, but also adding to any savings and also any discretionary consumption that you might have.

Some guys like to try to become more aggressive in their bitcoin buying during dips, yet I am sure how much of a difference that is going to make - especially over something like a 10 year or longer timeline.

Sometimes the measuring of your progress can seem slow, but you can still try to figure out ways to make fun out of how you are keeping track... and perhaps just watching the number of satoshis grow over time can be interesting, even though there are other interesting metrics that you can come up with in terms of measuring the progress of your bitcoin investment, also.

[alankasman]

Although the type of investment an investor makes depends on the discretionary income, the question always remains that if a person has a relatively high discretionary income and invests aggressively, for how many years can he continue this aggressive investment? When people's income increases, their expenses naturally increase. Similarly, when people try to save extra money at the end of the month, but they have a need, so if they have to stop investing aggressively for a few days, I think it is more important for investors to continue investing consistently.
On the other hand, the problem for those whose discretionary income is relatively low is not that they have to buy less, but they have to ensure that they are able to ensure such an amount of investment that they can continue continuously and do not have to sell their investment if suddenly needed.
What I always say is that rather than investing relatively high for some time, the important thing is to ensure continuity of investment and hold the investment for a long time and not sell it suddenly.

As long as someone still wants to invest whether it lasts or not depends on the individual. They may still have discretionary income as aggressive investing is only aimed at increasing profits. Therefore for this reason someone must also adjust their spending. Even if they have discretionary income spending more is certainly a problem that must be addressed. In the context of investing adjustments are necessary. If you feel you can't control your spending it's better not to do it. You still need to meet your needs so it's necessary to stop investing.

As you mentioned saving at the end of the month is certainly not possible for me personally. We need money for our daily needs whether for family needs or for ourselves. We can't work all the time and expect payment from others. Therefore it's difficult to invest (save) without income other than discretionary income. Unless there is income that doesn't impact basic needs, we must invest fully and consistently.

The most important thing is to be consistent in any activity especially investing. It's crucial to understand what to do if your income is relatively low. If you're forced to continue investing with a relatively low income this is a mistake in my opinion. It's unnatural for someone to invest in unstable circumstances. Sometimes their income can be used up in less than two weeks for their family's basic needs. Therefore if you don't have a large income even a small amount is fine. What we're investing isn't for others it should be for our future assets even if the amount is small. However we still invest consistently every time we invest.

This is quite true. The reason is that it's enough to be consistent even if we don't invest much but we still invest relatively well. When someone finds themselves in a difficult situation we certainly don't need to suddenly sell our assets. This is because we're essentially investing with full consequences meaning it doesn't make it difficult for us personally. So we continue to do it even if sometimes the amount is small. But ultimately we don't need to sell because we feel we always have enough so our assets remain sustainable.

If experience is valued the most in investment, then in this case I would like to ask you how much experience do you think an investor needs to make the right investment decision. I think an investor can start investing with some ideas about investment and he can learn slowly and at the same time he can continue investing consistently. In the case of long-term investment, the issue of price is not given much priority, but consistency and reliability are given priority here. If an investor can make an investment decision by considering his income, income and expenses, remaining money at the end of the month, emergency fund, then I would think he is definitely right in holding long-term investments.
I don't really want to say anything about trading because those who trade are completely different from investors, so it is better not to try to match their logic with investors.

What an investor does is clearly different from what a regular person does. It's true that an investor already possesses complete capabilities. I probably don't need to mention what they're prepared for as you already know what they're prepared for.

What a non-investor experiences is that despite their limitations they're still willing to strive in every way to prioritize investing. This means that even without basic support they still desire income after working considering that the future requires assets. These assets are born when we're still healthy allowing them to enjoy the fruits of their investments over decades. The difference is stark far from those investors who have strong financial resources and can do anything through various means. This is inseparable from an investor having donors so it's appropriate for them to invest long-term.

[Bigjoe33]

Although the type of investment an investor makes depends on the discretionary income, the question always remains that if a person has a relatively high discretionary income and invests aggressively, for how many years can he continue this aggressive investment?When people's income increases, their expenses naturally increase. Similarly, when people try to save extra money at the end of the month, but they have a need, so if they have to stop investing aggressively for a few days, I think it is more important for investors to continue investing consistently.

On the other hand, the problem for those whose discretionary income is relatively low is not that they have to buy less, but they have to ensure that they are able to ensure such an amount of investment that they can continue continuously and do not have to sell their investment if suddenly needed.

Note that what Mr A might call aggressive buying may be a little buy compared to Mr B, and vice versa. Therefore, I think buying should be tailored down to what your discretionary income can afford for as long as it keeps coming and how long you would stay active in the market. Offcourse, there are sometimes one might need to make adjustments in your buying and investments such that you could reduce a bit in price due to excess spending or heavy financial expenses, while sometimes you increase as a result of low expenses budget, but the goal still remains to remain active and consistent in the market and that's what matters.

Investing less when you have enough discretionary might slow your investment down, and also, investing too high when you have little discretionary will surely put your investment at risk of loosing it. Thus, in all this variant fluctuations in income and/or expenses, the investor must try to remain flexible and also ensuring to strike a balance in his weekly or monthly allocation management to ensure both his expenses and investment is healthy and that no one suffers.

[JayJuanGee]

Although the type of investment an investor makes depends on the discretionary income, the question always remains that if a person has a relatively high discretionary income and invests aggressively, for how many years can he continue this aggressive investment?When people's income increases, their expenses naturally increase. Similarly, when people try to save extra money at the end of the month, but they have a need, so if they have to stop investing aggressively for a few days, I think it is more important for investors to continue investing consistently.

On the other hand, the problem for those whose discretionary income is relatively low is not that they have to buy less, but they have to ensure that they are able to ensure such an amount of investment that they can continue continuously and do not have to sell their investment if suddenly needed.

Note that what Mr A might call aggressive buying may be a little buy compared to Mr B, and vice versa. Therefore, I think buying should be tailored down to what your discretionary income can afford for as long as it keeps coming and how long you would stay active in the market. Offcourse, there are sometimes one might need to make adjustments in your buying and investments such that you could reduce a bit in price due to excess spending or heavy financial expenses, while sometimes you increase as a result of low expenses budget, but the goal still remains to remain active and consistent in the market and that's what matters.

Investing less when you have enough discretionary might slow your investment down, and also, investing too high when you have little discretionary will surely put your investment at risk of loosing it. Thus, in all this variant fluctuations in income and/or expenses, the investor must try to remain flexible and also ensuring to strike a balance in his weekly or monthly allocation management to ensure both his expenses and investment is healthy and that no one suffers.

I think that fairly regularly mistakes can be made where someone might invest too little or too much one week or another, especially if they are attempting to be actively managing their cashflows on something like a weekly basis... which is part of the rationale for keeping sufficient cash cushions (such as back up funds) that would be able to cover inadvertent mistakes.

[alankasman]

I think that fairly regularly mistakes can be made where someone might invest too little or too much one week or another, especially if they are attempting to be actively managing their cashflows on something like a weekly basis... which is part of the rationale for keeping sufficient cash cushions (such as back up funds) that would be able to cover inadvertent mistakes.

It's true as you said and even some of my friends also experience similar things because sometimes some people don't know how to manage their cash flow even though they have extraordinary income every week let alone monthly they still make mistakes that they didn't expect even though they are also very effective in investing even with small amounts because they don't do it with large amounts because it's difficult in the form of patience so they prefer some of the money they have just to gamble online which in the end they only feel the results they invested with a small amount even though it's not long but the results they invested can be an inspiration to invest with a large amount in accumulating Bitcoin in the long term this is with accommodation with what they feel even though the first time they did it with a small amount so they failed in gambling but their hope is in what they did some time ago.

[Bigjoe33]

I think that fairly regularly mistakes can be made where someone might invest too little or too much one week or another, especially if they are attempting to be actively managing their cashflows on something like a weekly basis... which is part of the rationale for keeping sufficient cash cushions (such as back up funds) that would be able to cover inadvertent mistakes.

Yea, and sure it does happen. Of course, as humans, and thank goodness for the knowledge of back up funds and its relevance to investment. Thanks JJG for the insight too.

I think that fairly regularly mistakes can be made where someone might invest too little or too much one week or another, especially if they are attempting to be actively managing their cashflows on something like a weekly basis... which is part of the rationale for keeping sufficient cash cushions (such as back up funds) that would be able to cover inadvertent mistakes.

It's true as you said and even some of my friends also experience similar things because sometimes some people don't know how to manage their cash flow even though they have extraordinary income every week let alone monthly they still make mistakes that they didn't expect even though they are also very effective in investing even with small amounts because they don't do it with large amounts because it's difficult in the form of patience so they prefer some of the money they have just to gamble online which in the end they only feel the results they invested with a small amount even though it's not long but the results they invested can be an inspiration to invest with a large amount in accumulating Bitcoin in the long term this is with accommodation with what they feel even though the first time they did it with a small amount so they failed in gambling but their hope is in what they did some time ago.

I think what your friends do as regards there investment habit as you pointed out above is wrong investment mentality and is quite different from the kind of fairly mistakes Sir JJG pointed out.

Seems like your friends act of investing little money into Bitcoin and then using the other left money for online gambling has become a regular habit and not just a mistake made in ignorance and of which will not spell good for there investment. Of course, people have a choice on how to spend there discretionary, but for an investor who is determined to build up his bitcoin portfolio, they could channel some of those money used for online betting to either an increased DCA buys and/or increased back up funds, instead of wasting it always on online betting. Sure, they can get some fair self treat, but when more attention is given to such habit and your investment given little attention, it will limit the growth of your investment and you may not reach your investment target early enough

[Fakhrulenclix]

I think that fairly regularly mistakes can be made where someone might invest too little or too much one week or another, especially if they are attempting to be actively managing their cashflows on something like a weekly basis... which is part of the rationale for keeping sufficient cash cushions (such as back up funds) that would be able to cover inadvertent mistakes.

It's true as you said and even some of my friends also experience similar things because sometimes some people don't know how to manage their cash flow even though they have extraordinary income every week let alone monthly they still make mistakes that they didn't expect even though they are also very effective in investing even with small amounts because they don't do it with large amounts because it's difficult in the form of patience so they prefer some of the money they have just to gamble online which in the end they only feel the results they invested with a small amount even though it's not long but the results they invested can be an inspiration to invest with a large amount in accumulating Bitcoin in the long term this is with accommodation with what they feel even though the first time they did it with a small amount so they failed in gambling but their hope is in what they did some time ago.

So what should we do when we make those mistakes?
Honestly, I have personally made those mistakes and forgotten about them because, in my opinion, if we keep dwelling on those mistakes, our thinking can become unhealthy, which may lead to many other mistakes. I also believe that as humans, we are not free from mistakes, especially in managing finances. Therefore, I think we should accept them as long as they do not interfere with anything, whether it be finances or the money set aside for investments.

[ultrloa]

Although the type of investment an investor makes depends on the discretionary income, the question always remains that if a person has a relatively high discretionary income and invests aggressively, for how many years can he continue this aggressive investment?When people's income increases, their expenses naturally increase. Similarly, when people try to save extra money at the end of the month, but they have a need, so if they have to stop investing aggressively for a few days, I think it is more important for investors to continue investing consistently.

On the other hand, the problem for those whose discretionary income is relatively low is not that they have to buy less, but they have to ensure that they are able to ensure such an amount of investment that they can continue continuously and do not have to sell their investment if suddenly needed.

Note that what Mr A might call aggressive buying may be a little buy compared to Mr B, and vice versa. Therefore, I think buying should be tailored down to what your discretionary income can afford for as long as it keeps coming and how long you would stay active in the market. Offcourse, there are sometimes one might need to make adjustments in your buying and investments such that you could reduce a bit in price due to excess spending or heavy financial expenses, while sometimes you increase as a result of low expenses budget, but the goal still remains to remain active and consistent in the market and that's what matters.

Investing less when you have enough discretionary might slow your investment down, and also, investing too high when you have little discretionary will surely put your investment at risk of loosing it. Thus, in all this variant fluctuations in income and/or expenses, the investor must try to remain flexible and also ensuring to strike a balance in his weekly or monthly allocation management to ensure both his expenses and investment is healthy and that no one suffers.

I think that fairly regularly mistakes can be made where someone might invest too little or too much one week or another, especially if they are attempting to be actively managing their cashflows on something like a weekly basis... which is part of the rationale for keeping sufficient cash cushions (such as back up funds) that would be able to cover inadvertent mistakes.

Great take out there since, those weekly management of their cashflows is not always going to be perfect.

In that situation, if we have back up funds it could possibly act as our safety net. Having those will ensures that those small mistakes that we committed will not turn into much bigger problems. With this it can keep our finances remain to stable and provably we can lessen any possible issue that bother us on our investment.

[Saltysugar99]

3 months is a very short period to measure, and sure of course, the BTC price has been going down for that whole time, so yeah, whatever you bought is likely at a loss on paper, but if you are investing for 4-10 years or longer and sure more likely longer than 10 years, then it could take you some time to build up your holdings, and you might have decently long periods in losses (at least on paper), and even though there is not guarantee of profits, an underlying presumption of bitcoin is that it is generally trending upwards, especially in the longer term....

Sometimes a person might be investing aggressively while the BTC price is dipping, yet the price continues to dip.

So then at that point, you largely have run out of money and all that you have left is the amount that you pull from your discretionary funds, so yeah, your discretionary funds involve putting money into your investment, but also adding to any savings and also any discretionary consumption that you might have.

Some guys like to try to become more aggressive in their bitcoin buying during dips, yet I am sure how much of a difference that is going to make - especially over something like a 10 year or longer timeline.

Sometimes the measuring of your progress can seem slow, but you can still try to figure out ways to make fun out of how you are keeping track... and perhaps just watching the number of satoshis grow over time can be interesting, even though there are other interesting metrics that you can come up with in terms of measuring the progress of your bitcoin investment, also.

Sir I know 3 is a very short time. I am still in the learning stage, learning a lot of new things. But I can control myself mentally to some extent. Even if I am in a lot of loss now, it does not seem as bad as it did when I saw the loss in the first month. In fact, if I had seen some profit in the initial stage of investment, then even if the price had decreased later, it would have stabilized the situation mentally.

My income flow is quite strong. I keep buying with regular discretionary income. I have decided to invest for 4 years initially, although I have enough time, I can set my mind for 10 years if I want, but I will decide after 4 years whether there is any hope for any change in my investment.

However, one real thing is that no matter how much I invest with discretionary income, when I see the price decrease, the instability still works inside me. If it has decreased a lot. I do not want to break myself by investing for these 3 months or 1  to 2 years. I always try to think positively. Many people spend money on skill development to learn. I started investing in Bitcoin and was able to learn a lot. This is a good thing for me.

And as long as I hold Bitcoin, it will remain as an asset. If I sell it, my asset will no longer be mine. Even if the price increases in the future, I will have to regret it. Since I can invest very easily, I do not feel any financial pressure. So I have fixed it to continue for a long time.

But many people are posting that they are investing aggressively because the price is falling. But when I am not mentally stable, I think I should reduce the amount of my investment. Although I have not bought it intentionally for less money yet. I think I need to get some idea about the right practical way to get out of this kind of small mental instability.

[AuchanX]

3 months is a very short period to measure, and sure of course, the BTC price has been going down for that whole time, so yeah, whatever you bought is likely at a loss on paper, but if you are investing for 4-10 years or longer and sure more likely longer than 10 years, then it could take you some time to build up your holdings, and you might have decently long periods in losses (at least on paper), and even though there is not guarantee of profits, an underlying presumption of bitcoin is that it is generally trending upwards, especially in the longer term....

Sometimes a person might be investing aggressively while the BTC price is dipping, yet the price continues to dip.

So then at that point, you largely have run out of money and all that you have left is the amount that you pull from your discretionary funds, so yeah, your discretionary funds involve putting money into your investment, but also adding to any savings and also any discretionary consumption that you might have.

Some guys like to try to become more aggressive in their bitcoin buying during dips, yet I am sure how much of a difference that is going to make - especially over something like a 10 year or longer timeline.

Sometimes the measuring of your progress can seem slow, but you can still try to figure out ways to make fun out of how you are keeping track... and perhaps just watching the number of satoshis grow over time can be interesting, even though there are other interesting metrics that you can come up with in terms of measuring the progress of your bitcoin investment, also.

But many people are posting that they are investing aggressively because the price is falling. But when I am not mentally stable, I think I should reduce the amount of my investment. Although I have not bought it intentionally for less money yet. I think I need to get some idea about the right practical way to get out of this kind of small mental instability.

Your words actually reveal a very normal and healthy mentality. When the price drops, many people write and post that they are buying aggressively. The opposite can also happen. For example, I have also seen that when the price is high, many people show an aggressive attitude towards buying, but when the price drops, they no longer have that aggressive attitude. Being aggressive is not a mandatory strategy. It is for those who are mentally prepared in advance that they can hold the position even after seeing a 50-60% drawdown, and that loss will not affect their lifestyle. If you know that going to that place will ruin your sleep or repeatedly looking at the chart, then reducing your size is the best practical solution. To reduce minor mental instability, decide in advance how much you will invest per month, and do not change the amount whether the price has decreased or increased. Doing DCA in this way reduces the impact of emotions. And invest in such an amount that even if the price drops by 50%, you can say, "It feels bad, but it's not worth breaking." If it is more than this, it is better to reduce the size.

[JayJuanGee]

I think that fairly regularly mistakes can be made where someone might invest too little or too much one week or another, especially if they are attempting to be actively managing their cashflows on something like a weekly basis... which is part of the rationale for keeping sufficient cash cushions (such as back up funds) that would be able to cover inadvertent mistakes.

It's true as you said and even some of my friends also experience similar things because sometimes some people don't know how to manage their cash flow even though they have extraordinary income every week let alone monthly they still make mistakes that they didn't expect even though they are also very effective in investing even with small amounts because they don't do it with large amounts because it's difficult in the form of patience so they prefer some of the money they have just to gamble online which in the end they only feel the results they invested with a small amount even though it's not long but the results they invested can be an inspiration to invest with a large amount in accumulating Bitcoin in the long term this is with accommodation with what they feel even though the first time they did it with a small amount so they failed in gambling but their hope is in what they did some time ago.

So what should we do when we make those mistakes?
Honestly, I have personally made those mistakes and forgotten about them because, in my opinion, if we keep dwelling on those mistakes, our thinking can become unhealthy, which may lead to many other mistakes.

There is likely value if you are thinking about way to prioritize your bitcoin investment so that you can invest as much as you are able to without overdoing it.... so if you are attempting to make sure that you are building enough and making progress, then you are pushed to learn how you might do things better.

On the other hand, if investing in bitcoin is a low priority for you, then you will just figure some weekly amount to put in, and then to prioritize other things in your life.

The level that you prioritize your bitcoin investment is a personal choice. No one can motivate you to learn more about bitcoin and/or to learn more about your own cashflow management systems/practices other than yourself.

If you choose to be sloppy and to not learn from your mistakes, then that's your choice.

Over the years, I made a lot of mistakes related to my bitcoin investing and my cashflow management practices, and sometimes I did not learn right away, and other times I learned and improved.  I am not proclaim that my techniques and practices are even currently perfect since I still make mistakes from time to time, and yeah, maybe some mistakes are larger than others and maybe some mistakes do not really make much difference in the whole scheme of things.

I also believe that as humans, we are not free from mistakes, especially in managing finances. Therefore, I think we should accept them as long as they do not interfere with anything, whether it be finances or the money set aside for investments.

If your mistake already happened, of course, it is already a bygone.

You have already been registered here since October 2017 (more than 8 years), so sure maybe you have had time to already accumulate enough bitcoin or more than enough bitcoin.

Maybe we can go with an example of a newer guy who was still fairly early in his accumulation of bitcoin, so he came to bitcoin around 3 years ago, and he had been buying $100 of bitcoin every week, and let's say that he had some reductions in his income and some increases in his expenses, and several weeks go by, and he did not realize that the size (and cushion of his various accounts were going down), and so he could end up putting himself into a bad cashflow situation based on his not paying attention for several weeks, since if he had been paying attention, he probably would have had either reduced his DCA amount or maybe reduced some of his other expenses so that he would have had been able to continue his DCA at the $100 per week level.

There is value in attempting to learn from your mistakes and attempting to push limits, yet no one can tell you (or inspire you) to prioritize your bitcoin investment and/or your cashflow management practices if you give those activities a low priority and/or you are not interested in improving.

[edited out]

Sir I know 3 is a very short time. I am still in the learning stage, learning a lot of new things. But I can control myself mentally to some extent. Even if I am in a lot of loss now, it does not seem as bad as it did when I saw the loss in the first month. In fact, if I had seen some profit in the initial stage of investment, then even if the price had decreased later, it would have stabilized the situation mentally.

My income flow is quite strong. I keep buying with regular discretionary income. I have decided to invest for 4 years initially, although I have enough time, I can set my mind for 10 years if I want, but I will decide after 4 years whether there is any hope for any change in my investment.

There can be a lot of frustration when the BTC price keeps dropping - and yeah, it can be good to also have various points in time that you are reassessing your investment.

Even though newbie investors should not be paying too much attention to price, it becomes quite hard to ignore when it is dropping so much an the explanation for the fall is also quite hard to figure out besides perhaps that momentum creates more momentum, yet at some point it seems there should be support too.... so it can be difficult to know sometimes, yet good if a person has an income and is putting an acceptable amount of his discretionary funds into bitcoin.

In some sense, each of us are "on our own" in terms of how we are going to deal financially and psychologically, and frequently I consider that if the finances are in a good place than good psychology will follow, yet if most if not all of your investment is in bitcoin and you don't have any other assets besides your income, then it can be a difficult period and there sometimes can be questions about if some changes might need to be attempted...

However, one real thing is that no matter how much I invest with discretionary income, when I see the price decrease, the instability still works inside me. If it has decreased a lot. I do not want to break myself by investing for these 3 months or 1  to 2 years. I always try to think positively. Many people spend money on skill development to learn. I started investing in Bitcoin and was able to learn a lot. This is a good thing for me.

And as long as I hold Bitcoin, it will remain as an asset. If I sell it, my asset will no longer be mine. Even if the price increases in the future, I will have to regret it. Since I can invest very easily, I do not feel any financial pressure. So I have fixed it to continue for a long time.

Some of the current price drop is likely due to loss aversion, so if you had already invested more than you can afford to lose, then you feel loss aversion and so some of those overinvested folks will end up selling some, and it might not work out to sell in these situations.. Through the whole of 2014 the BTC price was dropping and I was buying every week, so I have been through such a situation..  yet it still can be difficult to suggest how any other person deals with the situation, since sometimes we don't know until afterwards if how we dealt with any particular situation was the better of ways.

But many people are posting that they are investing aggressively because the price is falling. But when I am not mentally stable, I think I should reduce the amount of my investment. Although I have not bought it intentionally for less money yet. I think I need to get some idea about the right practical way to get out of this kind of small mental instability.

I think that it is problematic to change your level of aggressiveness based on price, even though it can feel good to buy the dip once it recovers, but sometimes it just keeps falling for way longer than anyone (except for the doomer/gloomers) expects. 

You only have so much money that you can use for buying before putting yourself into a compromised situation.  So if you had already structured a certain amount to invest each week, then sure maybe you could try to time the dip, but you probably should just stick with your weekly budget...

When I was first investing in bitcoin, I used to try to time my buys for the dips during the week, yet I am not sure if my attempts at timing dips made much of a difference, but sometimes timing my weekly buys would make me feel better.  At the same time, I still largely stuck with my weekly budgeted amount.. and had some various other methods of dealing with my own cashflows, even though I would always try to maintain a cash cushion and to make sure that I had enough to cover all my expenses, even projecting out several months into the future.. certain amounts of income expected to come in and certain expenses and ONLY so much that was available as a cash cushion, and sure if some extra cash were to come in or some expenses could reasonably be reduced, then I might take some of those actions to smooth things over.

[Gost ms]

I think that fairly regularly mistakes can be made where someone might invest too little or too much one week or another, especially if they are attempting to be actively managing their cashflows on something like a weekly basis... which is part of the rationale for keeping sufficient cash cushions (such as back up funds) that would be able to cover inadvertent mistakes.

It's true as you said and even some of my friends also experience similar things because sometimes some people don't know how to manage their cash flow even though they have extraordinary income every week let alone monthly they still make mistakes that they didn't expect even though they are also very effective in investing even with small amounts because they don't do it with large amounts because it's difficult in the form of patience so they prefer some of the money they have just to gamble online which in the end they only feel the results they invested with a small amount even though it's not long but the results they invested can be an inspiration to invest with a large amount in accumulating Bitcoin in the long term this is with accommodation with what they feel even though the first time they did it with a small amount so they failed in gambling but their hope is in what they did some time ago.

So what should we do when we make those mistakes?
Honestly, I have personally made those mistakes and forgotten about them because, in my opinion, if we keep dwelling on those mistakes, our thinking can become unhealthy, which may lead to many other mistakes.

There is likely value if you are thinking about way to prioritize your bitcoin investment so that you can invest as much as you are able to without overdoing it.... so if you are attempting to make sure that you are building enough and making progress, then you are pushed to learn how you might do things better.

On the other hand, if investing in bitcoin is a low priority for you, then you will just figure some weekly amount to put in, and then to prioritize other things in your life.

The level that you prioritize your bitcoin investment is a personal choice. No one can motivate you to learn more about bitcoin and/or to learn more about your own cashflow management systems/practices other than yourself.

If you choose to be sloppy and to not learn from your mistakes, then that's your choice.

Over the years, I made a lot of mistakes related to my bitcoin investing and my cashflow management practices, and sometimes I did not learn right away, and other times I learned and improved.  I am not proclaim that my techniques and practices are even currently perfect since I still make mistakes from time to time, and yeah, maybe some mistakes are larger than others and maybe some mistakes do not really make much difference in the whole scheme of things.

There are many people among us who are willing to invest in Bitcoin but for some reason they are not giving much priority to Bitcoin investment. The path shown by @JJ sir on this topic is very beautiful and it will be very beneficial for a low priority person to practice this path. When a person buys every week and sticks to the market most of the time, then he will very easily become a priority over Bitcoin. By sticking to the market, he will learn a lot about the market and when all its mistakes are broken in his mind, then he will start giving a lot of priority.

No person is above mistakes. No matter how knowledgeable a person is, he can still make mistakes. A person who is willing to learn from these mistakes can easily achieve a lot. Many times many people neglect many people for their knowledge and are not willing to learn anything from them. Such a person always falls into bad situations.

[Showlove01]

Although the type of investment an investor makes depends on the discretionary income, the question always remains that if a person has a relatively high discretionary income and invests aggressively, for how many years can he continue this aggressive investment?When people's income increases, their expenses naturally increase. Similarly, when people try to save extra money at the end of the month, but they have a need, so if they have to stop investing aggressively for a few days, I think it is more important for investors to continue investing consistently.

On the other hand, the problem for those whose discretionary income is relatively low is not that they have to buy less, but they have to ensure that they are able to ensure such an amount of investment that they can continue continuously and do not have to sell their investment if suddenly needed.

Note that what Mr A might call aggressive buying may be a little buy compared to Mr B, and vice versa. Therefore, I think buying should be tailored down to what your discretionary income can afford for as long as it keeps coming and how long you would stay active in the market. Offcourse, there are sometimes one might need to make adjustments in your buying and investments such that you could reduce a bit in price due to excess spending or heavy financial expenses, while sometimes you increase as a result of low expenses budget, but the goal still remains to remain active and consistent in the market and that's what matters.

Investing less when you have enough discretionary might slow your investment down, and also, investing too high when you have little discretionary will surely put your investment at risk of loosing it. Thus, in all this variant fluctuations in income and/or expenses, the investor must try to remain flexible and also ensuring to strike a balance in his weekly or monthly allocation management to ensure both his expenses and investment is healthy and that no one suffers.

I think that fairly regularly mistakes can be made where someone might invest too little or too much one week or another, especially if they are attempting to be actively managing their cashflows on something like a weekly basis... which is part of the rationale for keeping sufficient cash cushions (such as back up funds) that would be able to cover inadvertent mistakes.

Great take out there since, those weekly management of their cashflows is not always going to be perfect.

In that situation, if we have back up funds it could possibly act as our safety net. Having those will ensures that those small mistakes that we committed will not turn into much bigger problems. With this it can keep our finances remain to stable and provably we can lessen any possible issue that bother us on our investment.

The truth is we can never be 100 percent perfect in our Bitcoin investment and in our financial management but we ought to try so that the slack won't be much. Yea,  back up funds serve almost the same function as our emergency funds and we should use it only when there is emergency and this mistake some people make is not to keep emergency funds though we are to prioritize our discretionary income but we should also try to keep our back up funds/ emergency funds in case of necessity.

[Mallampue]

The truth is we can never be 100 percent perfect in our Bitcoin investment and in our financial management but we ought to try so that the slack won't be much. Yea,  back up funds serve almost the same function as our emergency funds and we should use it only when there is emergency and this mistake some people make is not to keep emergency funds though we are to prioritize our discretionary income but we should also try to keep our back up funds/ emergency funds in case of necessity.

It's true that nothing is perfect, But we can buy Bitcoin more regularly to make our investments more focused, even though it won't be 100% perfect.
We humans often experience financial problems, especially those who work odd jobs, Which can Sometimes hinder our bitcoin accumulation. However, this shouldn't deter us from continuing to hold bitcoin.
For example, whether we're a large investor or a small investor, We certainly made mistakes in Bitcoin investment, but if we can correct them, that's perfectly fine. Bitcoin is a good asset for the long term. Holding bitcoin long term will have positive effects on our future, such as significant returns.
Bitcoin downward cycle always occurs, especially today drastic drop in Bitcoin, so it's a good idea to buy Bitcoin more aggressively.

[RockBell]

I think that fairly regularly mistakes can be made where someone might invest too little or too much one week or another, especially if they are attempting to be actively managing their cashflows on something like a weekly basis... which is part of the rationale for keeping sufficient cash cushions (such as back up funds) that would be able to cover inadvertent mistakes.

It's true as you said and even some of my friends also experience similar things because sometimes some people don't know how to manage their cash flow even though they have extraordinary income every week let alone monthly they still make mistakes that they didn't expect even though they are also very effective in investing even with small amounts because they don't do it with large amounts because it's difficult in the form of patience so they prefer some of the money they have just to gamble online which in the end they only feel the results they invested with a small amount even though it's not long but the results they invested can be an inspiration to invest with a large amount in accumulating Bitcoin in the long term this is with accommodation with what they feel even though the first time they did it with a small amount so they failed in gambling but their hope is in what they did some time ago.

So what should we do when we make those mistakes?
Honestly, I have personally made those mistakes and forgotten about them because, in my opinion, if we keep dwelling on those mistakes, our thinking can become unhealthy, which may lead to many other mistakes. I also believe that as humans, we are not free from mistakes, especially in managing finances. Therefore, I think we should accept them as long as they do not interfere with anything, whether it be finances or the money set aside for investments.

Mistakes can not be avoided, but the only thing you can do is for you to just learn from them because the moment you don't learn from them, it is not going to be fun. After all, you will keep making those mistakes because you have not learning have not seen anyone that have not make mistakes before especially when you want to generalize because that is the mistake most people make they think everything is suppose to go the way you want but am very sure that it will not go that way but just that the more you are into the system the more you get more experience because and that is were planning is very important because if you don't plan and learn then there is still a long way for you to go.

[drangos]

I think that fairly regularly mistakes can be made where someone might invest too little or too much one week or another, especially if they are attempting to be actively managing their cashflows on something like a weekly basis... which is part of the rationale for keeping sufficient cash cushions (such as back up funds) that would be able to cover inadvertent mistakes.

It's true as you said and even some of my friends also experience similar things because sometimes some people don't know how to manage their cash flow even though they have extraordinary income every week let alone monthly they still make mistakes that they didn't expect even though they are also very effective in investing even with small amounts because they don't do it with large amounts because it's difficult in the form of patience so they prefer some of the money they have just to gamble online which in the end they only feel the results they invested with a small amount even though it's not long but the results they invested can be an inspiration to invest with a large amount in accumulating Bitcoin in the long term this is with accommodation with what they feel even though the first time they did it with a small amount so they failed in gambling but their hope is in what they did some time ago.

So what should we do when we make those mistakes?
Honestly, I have personally made those mistakes and forgotten about them because, in my opinion, if we keep dwelling on those mistakes, our thinking can become unhealthy, which may lead to many other mistakes. I also believe that as humans, we are not free from mistakes, especially in managing finances. Therefore, I think we should accept them as long as they do not interfere with anything, whether it be finances or the money set aside for investments.

Mistakes can not be avoided, but the only thing you can do is for you to just learn from them because the moment you don't learn from them, it is not going to be fun. After all, you will keep making those mistakes because you have not learning have not seen anyone that have not make mistakes before especially when you want to generalize because that is the mistake most people make they think everything is suppose to go the way you want but am very sure that it will not go that way but just that the more you are into the system the more you get more experience because and that is were planning is very important because if you don't plan and learn then there is still a long way for you to go.

You are hitting the nail on the head, all the errors in investing in Bitcoin are not only possible, but it is also nearly a certainty, particularly when you deal with the cash flow on a weekly basis. The main distinction between someone who develops their stack and someone who stalls is the reaction they have to the error. It should not be overlooked but do not be over-reactive emotionally. Analyze the mistake made and correct your system, was it that you did not plan your budget, had no cash buffer, or just acted impulsively such as gambling rather than investing. Repeat errors can be mitigated by use of automation, set DCA values, and reserve fund. The combination of experience and structure tends to outperform motivation over the long term in accumulation of Bitcoin.

[CageMabok]

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...

So what should we do when we make those mistakes?
Honestly, I have personally made those mistakes and forgotten about them because, in my opinion, if we keep dwelling on those mistakes, our thinking can become unhealthy, which may lead to many other mistakes. I also believe that as humans, we are not free from mistakes, especially in managing finances. Therefore, I think we should accept them as long as they do not interfere with anything, whether it be finances or the money set aside for investments.

Our own mistakes can often be used as life lessons so that we don't repeat them in the future when using similar steps and plans. Because everyone who has made a mistake must examine the steps they took previously so that they don't repeat the same steps in the future for new plans. So, as long as you don't experience serious problems with your own mistakes, I think it will be easier for you to make new steps when you want to develop a new plan related to Bitcoin investment.

Because, fundamentally, everyone can always learn from their own mistakes, although others' mistakes can also be used as lessons in developing a more differentiated plan for the next step. And now, I hope more people will be willing to buy Bitcoin at the current price to maintain a stronger price level. The current price level is already quite low, so everyone should consider this opportunity to buy at the best price without having to worry about further price declines.