JJG’s Outline of Bitcoin Investment Ideas

[Merit.s]

It is not possible to do something without any purpose because there must be a purpose why that person is doing that particular thing and sometimes the purpose and reason some people do something may not be genuine or reasonable but it is all purpose. So when it comes to Bitcoin investment, it will be so funny and at same time disgusting for someone to say they don't have reason or purpose why they are investing in Bitcoin because the common reason why people invest in Bitcoin is to make profit after holding for some years and also I want to have Bitcoin in my possession because it is a valuable asset.

As the popular saying goes, a dream without a plan toward actualizing that dream is just a wish, so before decides to invest in bitcoin, we are certainly going to have a goal or a target in mind, which we can all agree that it's because of the money/profit, because no body will engage in something that we find no gain in, But how we go about our Bitcoin investment is what's going to determine if we are going to be successful or not. Not by wishing for profit and start trading blindly, thinking it's the best way to make money from the space.

Everyone investing in Bitcoin must have a goal and target as investing is all about profit and achieving financial freedom. Moreover, the Bitcoin market has a cycle that allows us to achieve greater profits. If you had invested 3 or 4 years ago, when it reached its ATH, you would have already made a profit when you sold it. Now that Bitcoin has corrected starting to invest in Bitcoin this year is the right choice, especially using a DCA strategy and holding it for the next 3-4 years.

It's not a wise decision to buy at the bear market and sell during the bull run like you stated that you should buy and hodli for 3-4 years and sell because you're already in profits. That's a trader mindset and you will miss out the compounding effect from your bitcoin portfolio because you are after buying and selling and not increasing your bitcoin portfolio overtime time and hodli for ten years and above.

Bitcoin is a long-term investment and the best way to reduce the risk in bitcoin investment is to buy continuously and hodli for long term till you reach your bitcoin target. What will you be using the money you will get after selling your bitcoin portfolio in the bull run to do. It means that you sold your investment just to hold fiat which losses its purchasing value overtime. Even if you have reached your over accumulation stage, you don't need to sell all your bitcoin but use a sustainable withdrawal method to tap profit from your bitcoin portfolio.

Profits shouldn't be the first in our mind as we are investing but reaching our bitcoin target which is the main reason why you have to set a bitcoin target for yourself. The longer you hodli, the more your bitcoin portfolio compounds and generates more profits overtime.

[RockBell]

...Hopefully, you have been following DCA in your own practice since I see that you have been registered on the forum since November 2017, so if you had started investing in bitcoin at around your forum registration date, then you would have had more than 8 years investing in bitcoin...

Yes, I have been using the DCA strategy regularly since I started participating in the signature campaign. This allows to invest in the purchase of BTC for 100 bucks per week. But I believe that every investment should have its own goal, after which money should be converted into its implementation. It can be an apartment, a country house, or a car. Long-term accumulation of money in order to get into the Forbes rating at the age of 80 is not my goal)

DCA have helped a lot of people and your testimony might actually help a lot of people because even don't that one to invest is only few people that have the knowledge about DCA, and the DCA is a method that will not even stress anyone and this is why those that are working, they can make use of DCA comfortably and this is why it is good to always have a source of money before you plan to invest through DCA,  but everything is step by step sinces it is a long time investment you can kick start early commitment is what matter.

[red4slash]

It may be possible but not all can do it.
The fact that is currently happening is that not all people or investors can set aside that much for investment because when making this too big it is feared that consistency will not be able to get them especially for those who do not have a fixed income every month.

Being in investment is not only limited to 1 or 2 months, especially when we talk about DCA so that when we budget too much from the start, it can potentially not go according to the scenario we expect.

Indeed, 30 percent will look very good because we can even get 1 year of income to invest in just 40 months (3 years and 4 months) but this situation will clearly not be as easy as we think because it could be that this condition misses in the end even much worse when we have problems from the start. So in this case not only the allocation is important but also the consistency that we must have.

You should only use your discretionary income to invest and not with a certain percentage from your income so that you don't use beyond your discretionary income to invest which will definitely affect your investment into premature sales.

Using part of your discretionary income will help you maintain consistency in your bitcoin accumulation provided that your discretionary income is consistent or you have made a provision for it to be consistent. This is why it's good for a brand new investor to first of all figure out if he has a discretionary income and how much of his discretionary income that he will put into bitcoin to make him invest consistently and persistently ongoingly buying with DCA for 4-10 years and above till he reaches his bitcoin target no matter the size of his discretionary income.

I think as long as we can afford it then it's no problem to try to percentage our income as I am currently doing because I can most likely invest with 10-15 percent of my income and that I have calculated from the beginning with the guarantee that when I invest with 10-15 percent of the income I have every month it will not interfere with other needs and that is the safest way for me to do consistency.

Investing with discretionary funds is also very good and safer but I think the goal is almost the same as what I do.
I consider the 10-15 percent as a discretionary fund that I have and I can still live without pressure because my needs are met on the one hand I can also still invest for the long term without having to think about selling in the near future because the money I invest will not be used in the near future so this for me is quite ideal. But it all depends on each investor and their income because this method may be effective for me but not for other investors.

[JayJuanGee]

[Edited out]

Great perspective. Since the point is they should not hold blindly like they are just buying Bitcoin then forget about it, since its good that they have plans to follow. There are really times that we are feel tempted to sell our Bitcoins, but better they should not get distracted on short term movements they see on the market.

Having patience and think about stick on their plans really matter than any other else out there. If they reach their targets and think about stopping they can actually wait until they reach on levels that can support their withdrawal targets or goal. Everything will come if they are well discipline then know their purpose or reasons on why they are holding. Everything they do for long time will provably rewarding especially when they already hit their goals and start selling.

It is not guaranteed that we will be successful, yet we can still have goals that do not even need to be overly specific - merely goals such as I am going to gather as many bitcoin as I can, and if at some point in the future, perhaps 8 -15 years or longer, I mighty be able to quit my job and live off my bitcoin, then that would be great.

So with the passage of time we have matters that we somewhat control within the bounds of how much of our discretionary funds we are putting into bitcoin.

We do not control bitcoin's direction, yet we hope that the bitcoin's price continues to generally be sloped in an upward's direction.  We can measure along the way and we can determine if bitcoin's investment thesis is becoming stronger, weaker or if it is not changing.

Surely there will be periods of UPs and DOWNs in the path of accumulating bitcoin, and hopefully we are not deterred by anything related to bitcoin's price moves or short term sentiment changes that might develop from time to time, yet it is up to us to consider if their might be factors in our lives and/or factors in the macro-landscape that miight affect the direction of our bitcoin direction or the level of our aggressiveness in accumulating it and/or other aspects of our managing our bitcoin and/or or managing our cashflows and back up funds.

It is not possible to do something without any purpose because there must be a purpose why that person is doing that particular thing and sometimes the purpose and reason some people do something may not be genuine or reasonable but it is all purpose. So when it comes to Bitcoin investment, it will be so funny and at same time disgusting for someone to say they don't have reason or purpose why they are investing in Bitcoin because the common reason why people invest in Bitcoin is to make profit after holding for some years and also I want to have Bitcoin in my possession because it is a valuable asset.

As the popular saying goes, a dream without a plan toward actualizing that dream is just a wish, so before decides to invest in bitcoin, we are certainly going to have a goal or a target in mind, which we can all agree that it's because of the money/profit, because no body will engage in something that we find no gain in, But how we go about our Bitcoin investment is what's going to determine if we are going to be successful or not. Not by wishing for profit and start trading blindly, thinking it's the best way to make money from the space.

I doubt that we need to be specific with any goal that we might have at the beginning of our getting started or even before we get started investing in bitcoin - except maybe considering that bitcoin might provide us with possibilities of having more options in the future.

You are correct to highlight that "profits" sounds more like a short term trader goal, even though sure, we would expect that if we invest in bitcoin for 4-10 years or longer that it is likely that bitcoin's price is going up rather than down or sideways.. even though it is not guaranteed to go up.

You could look at some charts and see that bitcoin is generally volatile, and that would be enough of an initial study of bitcoin to get started..

Not enough for a beginner; infact, studying major Dips, plus the misleading FUD that has been circulating the whole Internet to manipulate the market can make 'em hesitant sometimes. I know you're talking from the place of a long-term investor who has owned an asset through different cycles, so you already understand what comes after every Dip. Even i was scared when the incident in April of 2022 took place.

I am talking from the place of getting started is important, and the most uncomfortable a person might be, then he can start out more slowly... yet it is important to get started since it can take several months just to get systems in place (such as where to source coins and how to hold the coins) and even to get used to making weekly bitcoin buys.

Maybe I should shift the burden to you, since you are proclaiming that there is a need for a guy to delay his investment, and so what would be the pieces that he needs to put together and/or understand before getting started?

Not a burden at all.. Studying every process before starting a journey is not a delay of investment to me.

If you are saying that some level of comfort is needed then how is that measured.

I said that all you need is discretionary funds and common sense.  I think that I am being pretty specific about the threshold to get started.  You are trying to impose some additional threshold requirements, yet you are not saying what those threshold requirements are.

Don't you think a person with common sense can figure out for himself what other threshold requirements he might want to place on himself.

Let's say, for example, that the guy is not sure exactly if he has enough discretionary funds because his math is not very good, then maybe he should spend some time projecting out his income and his expenses  so that he gets comfortable.

You are saying that the guy needs to specifically learn some specific thing about bitcoin, which seems way too vague and likely to cause someone to have unnecessary delays.

I have mentioned that I believe that everyone has their 9 individual factors that they should assess, yet they don't have to have their 9 individual factors figured out prior to getting started as long as they have discretionary funds and common sense, they can get the fuck started.  Why do they need more?  Oh, and I also mentioned that they could spend 10-ish minutes looking at a chart and identify both number go up and a lot of volatility, yet that should not stop them from getting started.

Looking at a chart might cause them to determine size of their starting position rather than not starting.. So the question should be how much not whether.

In other words, the guy who had already assessed that he has enough budget to invest $100 per week into bitcoin, would easily be justified to start out with $30 per week.  I am still having trouble figure out what else the guy needs to know that he cannot figure out.  Are you trying to be patronizing and presuming normies to be stupid?   I presume at least 97.5% of adults have common sense.. .even though they might need to practice in order to do the right thing, so getting started is something that helps them to figure out how to do the right thing for their own situation.

Look, you're taking this way too complicated than I meant it JJG... It's just a simple rule for me to always study before I begin, not the other way round, lol.

We can agree to disagree. 

I presume that people have common sense. They can get started and study as they go.  If they feel really dumb, then the start out with amounts that are quite small.

Well maybe we agree on some part of this, then?

We're literally saying the same thing, just with a different preference, You get it?

I am emphasizing getting started, and you are emphasizing preparation.  So maybe we agree on most things yet there is something that is not really the same in our level of agreement.  We may or may not end up getting to the same place. Maybe you can give me an example of what it is that you want the normie to know. 

Describe a scenario in regards to what a normie is considering.  What is his budget, and then if we presume that he has figured out that he has discretionary funds, such as $100 per week, then what else does he need to know about bitcoin or whatever it is that you are expecting him to know before he starts to buy $30 per week of bitcoin for every week while he studies further into the matter for the next year or two? 

You have been here on the forum for slightly more than 4 years.  Are you still studying bitcoin and figuring out when to get started?  Alternatively, how long did it take you to get started investing in bitcoin?  I think it took me one or perhaps 2 weeks before I got started. .but I cannot remember exactly.. I did spend a bit of time (more than 10 minutes) before I got started, which was related to figuring out my budget, from where I was going to initially source my coins. .and maybe I had gotten started before I made my first purchase, since I did have to figure out possible sourcing options that were available to me at that time in November/December 2013.

[Mandoy]

...Hopefully, you have been following DCA in your own practice since I see that you have been registered on the forum since November 2017, so if you had started investing in bitcoin at around your forum registration date, then you would have had more than 8 years investing in bitcoin...

Yes, I have been using the DCA strategy regularly since I started participating in the signature campaign. This allows to invest in the purchase of BTC for 100 bucks per week. But I believe that every investment should have its own goal, after which money should be converted into its implementation. It can be an apartment, a country house, or a car. Long-term accumulation of money in order to get into the Forbes rating at the age of 80 is not my goal)

DCA have helped a lot of people and your testimony might actually help a lot of people because even don't that one to invest is only few people that have the knowledge about DCA, and the DCA is a method that will not even stress anyone and this is why those that are working, they can make use of DCA comfortably and this is why it is good to always have a source of money before you plan to invest through DCA,  but everything is step by step sinces it is a long time investment you can kick start early commitment is what matter.

The fact that DCA eliminates emotional pressure and time error is precisely why it is so strong among individuals with a regular income. Being able to invest a weekly sum such as 100 without having to guess at what point the market would be would cultivate a sense of discipline and exposure to the market. Meanwhile, I would concur that investments must be linked with life ambitions, house, car, financial security, as opposed to continuous accumulation. Bitcoin DCA is most effective when combined with an effective strategy: how long to hold, in what circumstances to realize the profit, and hold how much. Blind holding is normally beaten by Strategy + purpose.

[Joeboy]

[Edited out]

Great perspective. Since the point is they should not hold blindly like they are just buying Bitcoin then forget about it, since its good that they have plans to follow. There are really times that we are feel tempted to sell our Bitcoins, but better they should not get distracted on short term movements they see on the market.

Having patience and think about stick on their plans really matter than any other else out there. If they reach their targets and think about stopping they can actually wait until they reach on levels that can support their withdrawal targets or goal. Everything will come if they are well discipline then know their purpose or reasons on why they are holding. Everything they do for long time will provably rewarding especially when they already hit their goals and start selling.

It is not guaranteed that we will be successful, yet we can still have goals that do not even need to be overly specific - merely goals such as I am going to gather as many bitcoin as I can, and if at some point in the future, perhaps 8 -15 years or longer, I mighty be able to quit my job and live off my bitcoin, then that would be great.

So with the passage of time we have matters that we somewhat control within the bounds of how much of our discretionary funds we are putting into bitcoin.

We do not control bitcoin's direction, yet we hope that the bitcoin's price continues to generally be sloped in an upward's direction.  We can measure along the way and we can determine if bitcoin's investment thesis is becoming stronger, weaker or if it is not changing.

Surely there will be periods of UPs and DOWNs in the path of accumulating bitcoin, and hopefully we are not deterred by anything related to bitcoin's price moves or short term sentiment changes that might develop from time to time, yet it is up to us to consider if their might be factors in our lives and/or factors in the macro-landscape that miight affect the direction of our bitcoin direction or the level of our aggressiveness in accumulating it and/or other aspects of our managing our bitcoin and/or or managing our cashflows and back up funds.

You are definitely on point sir, and I think this is what most traders or folks who time the market before they buy often forget.. Sure the Bitcoin historically performed far beyond many of our expectations, especially for those folks who doubted it in time past. But then that doesn't mean that the past may likely repeat itself in the future even though many of us hopes that it will.... Bitcoin in the future could do even do better than it did in the past, or it could also underperform and fail to meet our expectations, there just isn't certainty about anything here, this what makes timing the market and waiting for price dip before buying is very wrong....The best approach to adopt is folks investing with the consciousness of uncertainties which should in turn should make them to start buying as soon as possible, using only the money that they can comfortably afford to loose....

[JayJuanGee]

It is not possible to do something without any purpose because there must be a purpose why that person is doing that particular thing and sometimes the purpose and reason some people do something may not be genuine or reasonable but it is all purpose. So when it comes to Bitcoin investment, it will be so funny and at same time disgusting for someone to say they don't have reason or purpose why they are investing in Bitcoin because the common reason why people invest in Bitcoin is to make profit after holding for some years and also I want to have Bitcoin in my possession because it is a valuable asset.

As the popular saying goes, a dream without a plan toward actualizing that dream is just a wish, so before decides to invest in bitcoin, we are certainly going to have a goal or a target in mind, which we can all agree that it's because of the money/profit, because no body will engage in something that we find no gain in, But how we go about our Bitcoin investment is what's going to determine if we are going to be successful or not. Not by wishing for profit and start trading blindly, thinking it's the best way to make money from the space.

Everyone investing in Bitcoin must have a goal and target as investing is all about profit and achieving financial freedom.

You don't need to establish your goals and/or targets prior to getting started.

Moreover, the Bitcoin market has a cycle that allows us to achieve greater profits. If you had invested 3 or 4 years ago, when it reached its ATH, you would have already made a profit when you sold it.

You seem to be talking about trading rather than investing.. especially if you are selling for a profit.

Now that Bitcoin has corrected starting to invest in Bitcoin this year is the right choice, especially using a DCA strategy and holding it for the next 3-4 years.

You don't need to wait for a dip before getting started investing in bitcoin.

We can be fanatical about Bitcoin because it is indeed a valuable asset. But simply holding it without taking advantage of the Bitcoin cycle is also wrong.

You don't need to know about bitcoin's cycle or study such cycle before getting started, especially since past performance does not guarantee future performance, which is another reason to get started investing in bitcoin no matter the BTC price.

So in my opinion, having a goal and target in investing is important having a plan for when to sell and when to hold.

If you are planning to buy and sell in connection to what you perceived to be the cycle then you seem to be trading bitcoin rather than investing in it.   This is a thread in which we are talking about investing not trading, which should include at least attempting to touch upon my bitcoin investing related ideas, even if you might disagree with some of them, but going on some other tangent without at least trying to make some connection seems a bit off topic.. 

...Hopefully, you have been following DCA in your own practice since I see that you have been registered on the forum since November 2017, so if you had started investing in bitcoin at around your forum registration date, then you would have had more than 8 years investing in bitcoin...

Yes, I have been using the DCA strategy regularly since I started participating in the signature campaign. This allows to invest in the purchase of BTC for 100 bucks per week. But I believe that every investment should have its own goal, after which money should be converted into its implementation. It can be an apartment, a country house, or a car. Long-term accumulation of money in order to get into the Forbes rating at the age of 80 is not my goal)

DCA have helped a lot of people and your testimony might actually help a lot of people because even don't that one to invest is only few people that have the knowledge about DCA, and the DCA is a method that will not even stress anyone and this is why those that are working, they can make use of DCA comfortably and this is why it is good to always have a source of money before you plan to invest through DCA,  but everything is step by step sinces it is a long time investment you can kick start early commitment is what matter.

You don't need a source of income or even steady income to get started, and even DCA can be done whenever you have money (or discretionary funds available). 

I agree with the overall idea that having a steady income is better than not having a steady income, yet a steady income is not required to either get started or to meet the definition of employing DCA, since DCA doesnot have to be steady, but can be whenever sufficient discretionary funds have come available.

It may be possible but not all can do it.
The fact that is currently happening is that not all people or investors can set aside that much for investment because when making this too big it is feared that consistency will not be able to get them especially for those who do not have a fixed income every month.

Being in investment is not only limited to 1 or 2 months, especially when we talk about DCA so that when we budget too much from the start, it can potentially not go according to the scenario we expect.

Indeed, 30 percent will look very good because we can even get 1 year of income to invest in just 40 months (3 years and 4 months) but this situation will clearly not be as easy as we think because it could be that this condition misses in the end even much worse when we have problems from the start. So in this case not only the allocation is important but also the consistency that we must have.

You should only use your discretionary income to invest and not with a certain percentage from your income so that you don't use beyond your discretionary income to invest which will definitely affect your investment into premature sales.

Using part of your discretionary income will help you maintain consistency in your bitcoin accumulation provided that your discretionary income is consistent or you have made a provision for it to be consistent. This is why it's good for a brand new investor to first of all figure out if he has a discretionary income and how much of his discretionary income that he will put into bitcoin to make him invest consistently and persistently ongoingly buying with DCA for 4-10 years and above till he reaches his bitcoin target no matter the size of his discretionary income.

I think as long as we can afford it then it's no problem to try to percentage our income as I am currently doing because I can most likely invest with 10-15 percent of my income and that I have calculated from the beginning with the guarantee that when I invest with 10-15 percent of the income I have every month it will not interfere with other needs and that is the safest way for me to do consistency.

Investing with discretionary funds is also very good and safer but I think the goal is almost the same as what I do.
I consider the 10-15 percent as a discretionary fund that I have and I can still live without pressure because my needs are met on the one hand I can also still invest for the long term without having to think about selling in the near future because the money I invest will not be used in the near future so this for me is quite ideal. But it all depends on each investor and their income because this method may be effective for me but not for other investors.

Even if you claim to be investing without accounting for discretionary funds, it sounds to me that the 10-15% that you are investing is from discretionary funds, since the 85% to 90% is covering all of your expenses, so your discretionary funds ares greater than 10-15% of your income.. and the portion that you are investing from is coming from your discretionary funds, even though you claim to not be account for it.

From your discretionary funds, you can invest, save and/or use for discretionary consumption.

The non-discretionary funds covers all of your basic expenses... so if you were using money that you need for your expenses, then you are going to end up getting yourself in trouble.

Of course, you could have large enough back up funds so that you end up having money to cover your expenses in those instanaces that your income is low and/or your basic expenses are high.

[edited out]

The fact that DCA eliminates emotional pressure and time error is precisely why it is so strong among individuals with a regular income. Being able to invest a weekly sum such as 100 without having to guess at what point the market would be would cultivate a sense of discipline and exposure to the market.
Meanwhile, I would concur that investments must be linked with life ambitions, house, car, financial security, as opposed to continuous accumulation.

If you are selling all of your bitcoin to consume or to invest in an inferior investment then you may well be trading rather than investing.

You can also choose to get an income off your bitcoin in the future, without any specific item in mind.. since you may well be  investing 4-10 years or longer.

Bitcoin DCA is most effective when combined with an effective strategy: how long to hold, in what circumstances to realize the profit, and hold how much. Blind holding is normally beaten by Strategy + purpose.

You sound like a trader rather than an investor.  And, by the way, have you read any of my ideas about bitcoin investment, since this thread is about my bitcoin investment ideas. 

I understand that we are on page 42 of this thread, and there have been posts that have been distracting away from the topic and just talking about bitcoin investment generally or investment generally and seeming to lose touch with several of topic related angles of the thread.

[NewRevelation]

Look, you're taking this way too complicated than I meant it JJG... It's just a simple rule for me to always study before I begin, not the other way round, lol.

We can agree to disagree. 

I presume that people have common sense. They can get started and study as they go.  If they feel really dumb, then the start out with amounts that are quite small.

That's the point JJG... Common sense! There are discipline that needs experience learning over paper certification or so. And I believe bitcoin is one of them. You can't learn everything on paper or study, else, you will end up waiting and waiting without ever getting started, plus the fact that bitcoin price is always running forward and backward and in that case, you can't really say this is the way to track the price and remain resolute in your investment and increasing the price without encountering downfalls in price. Therefore, if upwards movement in price is not assured in your study before starting, so why then remain hell bent in studying before starting when you can just start and then learn as you go..

I think I agree with you JJG, individuals coming to bitcoin investments at least have a common sense and should learn alongside there investment, and if they are able to create out there discretionary income, then they can begin immediately. If you are not certain about a thing, then you start little, maybe $10, 12, 15 or so, and while you are investing, you begin to understand how best to navigate your world in the market and find out what best suits you and your income or discretionary, with this, you can now create confidence in your investment, and thereafter, you may wish to increase your investment amount. By this time, you must have gained some coins in your portfolio while also learning things yourself, while the one who wants to learn alot before starting has nothing acquired to his portfolio yet

[alankasman]

It is not guaranteed that we will be successful, yet we can still have goals that do not even need to be overly specific - merely goals such as I am going to gather as many bitcoin as I can, and if at some point in the future, perhaps 8 -15 years or longer, I mighty be able to quit my job and live off my bitcoin, then that would be great.

So with the passage of time we have matters that we somewhat control within the bounds of how much of our discretionary funds we are putting into bitcoin.

We do not control bitcoin's direction, yet we hope that the bitcoin's price continues to generally be sloped in an upward's direction.  We can measure along the way and we can determine if bitcoin's investment thesis is becoming stronger, weaker or if it is not changing.

Surely there will be periods of UPs and DOWNs in the path of accumulating bitcoin, and hopefully we are not deterred by anything related to bitcoin's price moves or short term sentiment changes that might develop from time to time, yet it is up to us to consider if their might be factors in our lives and/or factors in the macro-landscape that miight affect the direction of our bitcoin direction or the level of our aggressiveness in accumulating it and/or other aspects of our managing our bitcoin and/or or managing our cashflows and back up funds.

Whether or not someone succeeds in accumulating Bitcoin certainly doesn't need to be considered by anyone. If before starting there's news that there's a guarantee for anyone who invests by collecting as much Bitcoin as possible over the next 5 or 10 years I can certainly say that many will queue up to do DCA positions every day or even every month after someone receives funds/income from their place of work with the aim of immediately buying BTC in large quantities. Of course knowing that in doing so with news that builds confidence in everyone that investing is guaranteed they so easily believe issues that I think are not so good because investing has no guarantees especially since they don't know what market conditions will be like if there is a price drop they might lose enthusiasm for investing and this can be described as beyond their expectations.

Of course that's true why I say that? Because if someone doesn't have discretionary funds they certainly can't invest in Bitcoin. The reason is because their income is certainly only sufficient for their daily needs with their family. This is why they need to use their saved funds to invest because the available funds are not used so rather than keeping the cash that will not add to the profit it is very appropriate for us to use the available funds to buy Bitcoin by investing in the next few years. Sometimes when we have invested the money perhaps from the initial capital we took of course when we have made more than we expected meaning more than we took basically so it must have control that we certainly need to apply in making or making a decision with the aim of not incurring losses in making the investment.

Everyone currently wants the price to return to its previous level meaning a drastic drop is certainly unacceptable. This is commonplace for experienced traders as they have been doing it since the market was still around $50,000. As I mentioned earlier only a few are strong enough to accept market conditions and they won't abandon their positions no matter what happens whether they become stronger or weaker. However they maintain control over their Bitcoin holdings.

This has become a habit regardless of price fluctuations. We should continue accumulating Bitcoin if necessary if we have sufficient financial resources or income to cover our daily needs. This will make it easier for us to secure assets for our future when we retire. The best approach is to accumulate Bitcoin when we have a healthy financial position. While some may argue that our actions are too aggressive, we have a good cash flow when managing Bitcoin.

[Taskford]

[Edited out]

Great perspective. Since the point is they should not hold blindly like they are just buying Bitcoin then forget about it, since its good that they have plans to follow. There are really times that we are feel tempted to sell our Bitcoins, but better they should not get distracted on short term movements they see on the market.

Having patience and think about stick on their plans really matter than any other else out there. If they reach their targets and think about stopping they can actually wait until they reach on levels that can support their withdrawal targets or goal. Everything will come if they are well discipline then know their purpose or reasons on why they are holding. Everything they do for long time will provably rewarding especially when they already hit their goals and start selling.

It is not guaranteed that we will be successful, yet we can still have goals that do not even need to be overly specific - merely goals such as I am going to gather as many bitcoin as I can, and if at some point in the future, perhaps 8 -15 years or longer, I mighty be able to quit my job and live off my bitcoin, then that would be great.

So with the passage of time we have matters that we somewhat control within the bounds of how much of our discretionary funds we are putting into bitcoin.

We do not control bitcoin's direction, yet we hope that the bitcoin's price continues to generally be sloped in an upward's direction.  We can measure along the way and we can determine if bitcoin's investment thesis is becoming stronger, weaker or if it is not changing.

Surely there will be periods of UPs and DOWNs in the path of accumulating bitcoin, and hopefully we are not deterred by anything related to bitcoin's price moves or short term sentiment changes that might develop from time to time, yet it is up to us to consider if their might be factors in our lives and/or factors in the macro-landscape that miight affect the direction of our bitcoin direction or the level of our aggressiveness in accumulating it and/or other aspects of our managing our bitcoin and/or or managing our cashflows and back up funds.

Yeah and I agree with that, by having those goals for long term then aim for steady accumulation somehow guide us on great direction. Even if we don't know what will happen on Bitcoin and can't control how the market moves still we can do something especially on how much we can afford to invest on Bitcoin base on our cash flows.

The sudden price changes they see on the market is normal, the important thing what investor need to consider is they should not let those short term bad market movements distract them, then better to stay focus and consistent on their targets. After many years past they can re evaluate their current condition and so they can able to adjust something when its needed.

Just like what other people says patience and discipline is important, since this give us higher chance to succeed in this type of investment.

[Bigjoe33]

It is not guaranteed that we will be successful, yet we can still have goals that do not even need to be overly specific - merely goals such as I am going to gather as many bitcoin as I can, and if at some point in the future, perhaps 8 -15 years or longer, I mighty be able to quit my job and live off my bitcoin, then that would be great.

So with the passage of time we have matters that we somewhat control within the bounds of how much of our discretionary funds we are putting into bitcoin.

We do not control bitcoin's direction, yet we hope that the bitcoin's price continues to generally be sloped in an upward's direction.  We can measure along the way and we can determine if bitcoin's investment thesis is becoming stronger, weaker or if it is not changing.

Surely there will be periods of UPs and DOWNs in the path of accumulating bitcoin, and hopefully we are not deterred by anything related to bitcoin's price moves or short term sentiment changes that might develop from time to time, yet it is up to us to consider if their might be factors in our lives and/or factors in the macro-landscape that miight affect the direction of our bitcoin direction or the level of our aggressiveness in accumulating it and/or other aspects of our managing our bitcoin and/or or managing our cashflows and back up funds.

Whether or not someone succeeds in accumulating Bitcoin certainly doesn't need to be considered by anyone. If before starting there's news that there's a guarantee for anyone who invests by collecting as much Bitcoin as possible over the next 5 or 10 years I can certainly say that many will queue up to do DCA positions every day or even every month after someone receives funds/income from their place of work with the aim of immediately buying BTC in large quantities. Of course knowing that in doing so with news that builds confidence in everyone that investing is guaranteed they so easily believe issues that I think are not so good because investing has no guarantees especially since they don't know what market conditions will be like if there is a price drop they might lose enthusiasm for investing and this can be described as beyond their expectations.

Of course that's true why I say that? Because if someone doesn't have discretionary funds they certainly can't invest in Bitcoin. The reason is because their income is certainly only sufficient for their daily needs with their family. This is why they need to use their saved funds to invest because the available funds are not used so rather than keeping the cash that will not add to the profit it is very appropriate for us to use the available funds to buy Bitcoin by investing in the next few years. Sometimes when we have invested the money perhaps from the initial capital we took of course when we have made more than we expected meaning more than we took basically so it must have control that we certainly need to apply in making or making a decision with the aim of not incurring losses in making the investment.

Everyone currently wants the price to return to its previous level meaning a drastic drop is certainly unacceptable. This is commonplace for experienced traders as they have been doing it since the market was still around $50,000. As I mentioned earlier only a few are strong enough to accept market conditions and they won't abandon their positions no matter what happens whether they become stronger or weaker. However they maintain control over their Bitcoin holdings.

This has become a habit regardless of price fluctuations. We should continue accumulating Bitcoin if necessary if we have sufficient financial resources or income to cover our daily needs. This will make it easier for us to secure assets for our future when we retire. The best approach is to accumulate Bitcoin when we have a healthy financial position. While some may argue that our actions are too aggressive, we have a good cash flow when managing Bitcoin.

The matter of sufficient income or a healthy income flow is NOT a yardstick to measure who invests in bitcoin or not, this is because what I may see as sufficient income may be insufficient for the next person. I believe what we really need to invest in Bitcoin is the knowledge and/or ability of figuring out what our discretionary income is, and if this is done, then he can begin his investment, of course, the investor can gradually seek for increased income as he continues investment and then also increase his DCAing amount weekly or monthly. Low income earners might face challenges of figuring out a steady availability of discretionary, but yet, if they are committed to there investment, they will sure find a way to balance there income expenditure and there investment even though it might fluctaute sometimes.

About the price fluctuations, a common sense should let us know that bitcoin price is always fluctauting and never at a place, but regardless of its volatility, those who is consistent and HODL for long term might experience it's upwards movement and rewards, though not guaranteed at any given time, but bitcoin investment always rewards long time investors

[Catenaccio]

The matter of sufficient income or a healthy income flow is NOT a yardstick to measure who invests in bitcoin or not, this is because what I may see as sufficient income may be insufficient for the next person.

What you believe is right very likely decides what you do but it does not mean you will do the right things for your investment and finance. You can believe that it's your good practice but in eyes of experienced investors in this market, they can see your practice like a stupid and terrible one. It's not because they're smarter than you, but because they learned more than you and already had more experience than you in this market.

Low income earners might face challenges of figuring out a steady availability of discretionary, but yet, if they are committed to there investment, they will sure find a way to balance there income expenditure and there investment even though it might fluctaute sometimes.

It's not like having a steady discretionary income is a mandate for start of investment or ability to maintain your investment and accumulation. You can not have steady income but if you manage your finance and risk well, you can split your income (when you have it) for your Bitcoin accumulation. It's better than people who don't mind about risk management and use all income they have at any time for purchasing bitcoin. This terrible way only leads to their unwanted and panic sales in the future when they suddenly need money while there is no income to their pockets recently and they have only one choice left, selling their coins at loss.

[alankasman]

What you believe is right very likely decides what you do but it does not mean you will do the right things for your investment and finance. You can believe that it's your good practice but in eyes of experienced investors in this market, they can see your practice like a stupid and terrible one. It's not because they're smarter than you, but because they learned more than you and already had more experience than you in this market.

They think what we do is stupid because their investment practices differ from ours. It's easy for them to say what we do is stupid because they feel smarter than us and also consider themselves to be big investors which certainly exceeds what they have compared to us. Sometimes with our limited investment experience the conclusion of the discussion here is about how much market experience someone has compared to that of big investors. Clearly as big investors they feel they have more experience.

It's not like having a steady discretionary income is a mandate for start of investment or ability to maintain your investment and accumulation. You can not have steady income but if you manage your finance and risk well, you can split your income (when you have it) for your Bitcoin accumulation. It's better than people who don't mind about risk management and use all income they have at any time for purchasing bitcoin. This terrible way only leads to their unwanted and panic sales in the future when they suddenly need money while there is no income to their pockets recently and they have only one choice left, selling their coins at loss.

That's right, because it's not affected by having disposable income for investing. I completely agree with your point. It depends on each of us how we manage our earned/owned finances. Not all investments need to be maintained using a steady income. Even with available funds, we can also use our discretionary income for needs that may have become our absolute responsibilities.

[Fara Chan]

<<<

They think what we do is stupid because their investment practices differ from ours. It's easy for them to say what we do is stupid because they feel smarter than us and also consider themselves to be big investors which certainly exceeds what they have compared to us. Sometimes with our limited investment experience the conclusion of the discussion here is about how much market experience someone has compared to that of big investors. Clearly as big investors they feel they have more experience.

Big investors usually have the ability to make a difference in the market when they start buying Bitcoin under certain conditions. However, if an investor who thinks they're big and looks down on others, they're usually not a big investor, but rather someone who wants to be seen as big by others through the investment sector. Therefore, in matters like this, no one should get caught up in making judgments because investors who truly possess significant financial capabilities don't seek recognition from others and rarely look down on others in the same sector as investing.

<<<

That's right, because it's not affected by having disposable income for investing. I completely agree with your point. It depends on each of us how we manage our earned/owned finances. Not all investments need to be maintained using a steady income. Even with available funds, we can also use our discretionary income for needs that may have become our absolute responsibilities.

Investors who have a regular income cycle across several sectors usually prefer to separate each income into several important portions, ultimately allocating it to good causes that can bring greater benefits to themselves. Therefore, their discretionary income can usually be used freely for things they deem necessary, such as fulfilling new investment capital or for other things, such as fulfilling their desired needs in life. However, fulfilling those basic needs is usually considered first before someone considers other, more complex matters.

[iamsange]

Big investors usually have the ability to make a difference in the market when they start buying Bitcoin under certain conditions. However, if an investor who thinks they're big and looks down on others, they're usually not a big investor, but rather someone who wants to be seen as big by others through the investment sector. Therefore, in matters like this, no one should get caught up in making judgments because investors who truly possess significant financial capabilities don't seek recognition from others and rarely look down on others in the same sector as investing.

It is true what you said about this because currently there are some things that happen like that with the reason that sometimes some people cannot do what someone (a big investor) does so they think about things that I think are wrong with the reason that sometimes other people do not need to be seen in doing something whether it is in the form of investment or in the form of other activities of course we just don't want to get caught when other people know what we are doing so that the assessment will be easier for other people to guess what we are doing and I think that currently what we do does not need to be caught by other people why because every activity we do must have movements in each field that we do especially in the investment sector of course we don't need many people to judge too significantly what we do.

Investors who have a regular income cycle across several sectors usually prefer to separate each income into several important portions, ultimately allocating it to good causes that can bring greater benefits to themselves. Therefore, their discretionary income can usually be used freely for things they deem necessary, such as fulfilling new investment capital or for other things, such as fulfilling their desired needs in life. However, fulfilling those basic needs is usually considered first before someone considers other, more complex matters.

They do this simply to differentiate each income they receive. This is also a management method they use to better allocate their investments. Because each income will have its own advantages they will no longer consider which income is incurring losses and which income has significant profits. This separation is the right step for investors who certainly have a strong cycle in managing their finances regularly.

[Fakhrulenclix]

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.

That's true, and I also always learn from the experiences I have gone through.
I have been investing in Bitcoin for a long time, but sometimes when the profit target is reached, I sell it and try to re-enter when a price correction occurs,

I would suggest that you are trading rather than investing, and you are likely sabotaging your own efforts, since it is quite likely that you would have had been (and would be) way better to stay focused on ongoing accumulation of BTC no matter the BTC price until you reach overaccumulation status.

I don't care about the price of Bitcoin because I have already implemented a DCA strategy to accumulate Bitcoin, so every month when I get paid, I will accumulate Bitcoin regardless of the price at that time.
I used to trading a lot, but now I prefer to set aside a larger percentage of my money for investing, although I still trading , but with a smaller percentage.

[cyberninja2]

I don't care about the price of Bitcoin because I have already implemented a DCA strategy to accumulate Bitcoin, so every month when I get paid, I will accumulate Bitcoin regardless of the price at that time.
I used to trading a lot, but now I prefer to set aside a larger percentage of my money for investing, although I still trading , but with a smaller percentage.

There's no need to worry about the current price. If you do as you say, this is certainly a step I appreciate. You likely have goals for the future so it's perfectly reasonable for you to do something like that. Allocating your monthly income to accumulate Bitcoin using a DCA strategy so you don't even think about the price today, tomorrow, or in the future.

This means that you have learned from the mistakes you have made so that perhaps now you have thought about your future which is to choose to invest rather than trade as you did before. This is based on the confession that perhaps it is common for us to discuss here only to get valuable lessons for the reason of not repeating the mistakes that have come to you personally and also learning for those who are new (BEGINNERS) in determining their choices and I salute your choice for your future to be better.

[Cossyblack]

I don't care about the price of Bitcoin because I have already implemented a DCA strategy to accumulate Bitcoin, so every month when I get paid, I will accumulate Bitcoin regardless of the price at that time.
I used to trading a lot, but now I prefer to set aside a larger percentage of my money for investing, although I still trading , but with a smaller percentage.

It is a good decision that you have taken for yourself but where I don't agree is buying bitcoin from your salary. You were  correct when you said you will be accumulating bitcoin regardless of price but investing when your basic needs hasn't been met is wrong. What we should invest in bitcoin is discretionary income and not from our salary Discretionary income is the leftover money after your basic needs is met.  Before you invest ,you should ensure your basic needs are met and the left over money should be invested in bitcoin.

[Y3shot]

...Hopefully, you have been following DCA in your own practice since I see that you have been registered on the forum since November 2017, so if you had started investing in bitcoin at around your forum registration date, then you would have had more than 8 years investing in bitcoin...

Yes, I have been using the DCA strategy regularly since I started participating in the signature campaign. This allows to invest in the purchase of BTC for 100 bucks per week. But I believe that every investment should have its own goal, after which money should be converted into its implementation. It can be an apartment, a country house, or a car. Long-term accumulation of money in order to get into the Forbes rating at the age of 80 is not my goal)

Accumulation, when it comes to investment, is a building block and seems like a ladder that you need to climb in steps to reach the top. Normally, it is not easy to get good results with Bitcoin investments, but with DCA, a method in Bitcoin, you can even reach points in Bitcoin investment that you never expected to achieve.

The amount that is invested in Bitcoin might be small, but if you give it some time and remain consistent, it will definitely reach a point that no one even expects. Most people who don’t understand accumulation underestimate it, but it makes a significant impact.

[avp2306]

I don't care about the price of Bitcoin because I have already implemented a DCA strategy to accumulate Bitcoin, so every month when I get paid, I will accumulate Bitcoin regardless of the price at that time.
I used to trading a lot, but now I prefer to set aside a larger percentage of my money for investing, although I still trading , but with a smaller percentage.

It is a good decision that you have taken for yourself but where I don't agree is buying bitcoin from your salary. You were  correct when you said you will be accumulating bitcoin regardless of price but investing when your basic needs hasn't been met is wrong. What we should invest in bitcoin is discretionary income and not from our salary Discretionary income is the leftover money after your basic needs is met.  Before you invest ,you should ensure your basic needs are met and the left over money should be invested in bitcoin.

I think he's not wrong with what he say, maybe he didn't just clarify everything that's why maybe its sounds wrong to you. But also you are right that its good for people especially if they rely on their monthly salary to consider use only their discretionary income when it comes investing. Since putting lots of percentage on their income in investment will not give them any good results in long run, because chances to fail is huge especially if they face financial troubles and other emergency situations.

They should pay attention with their needs first and what's been left must go on investment and also set aside some little percentage intended for their emergency funds for future security.