JJG’s Outline of Bitcoin Investment Ideas

[alankasman]

I agree with everything you said here because a good or proper research doesn't kills the fear an investor may have towards his investment, or what he intend investing in, what I believe that kills your emotional weakness like fear is when you invest with what you can afford to lose.

This is extraordinary because far from before not many people dared to do it the way you did. Sometimes someone wants to do it but half of their thoughts are about how they will get the profit even though they haven't done it yet. So this might be on everyone's minds and only certain people dare to do it without considering the risks. I understand as you said many people are still afraid of accepting losses when investing in Bitcoin. Therefore I strongly agree with what you have said about the weaknesses of all parties who only want the profit, while the risk of loss will not be a strength for them. So this kind of thing is one of the weaknesses of all parties who only prioritize investing for profit. This is because they still have a fear of investing making their weaknesses easy to read.

[cyberninja2]

Wrong expectations breed disappointment in the very end, especially if your investment is not going as planned fast. But when it comes to getting into trouble with your Bitcoin investment, it is only when you invested what you cannot afford to lose, because you are likely going to panic at any dip, which might compel you to temper or sell prematurely, so in other not to get into trouble while investing in Bitcoin, we should try to invest only what we can afford to lose or do away with, for a very long period of time.

Investing requires consistency and fear or mistakes cannot be brought into play. There are two possible outcomes in investing one is a price drop which often leads to disappointment because they weren't prepared for something that happened to their investment. Therefore they should be more prepared to accept the risks when plans don't always turn out as they intended or don't match their expectations.

And on the other hand, they invest because of the price movements that occur in the market that make someone dare to start and in this case maybe they can expect profits by doing it in a short-term way whereas when they think about the long-term way of course they will achieve more significant results but only certain people dare to do it in such a way so investing must have a method or do it consistently and with full confidence especially the nature of a person who is able to fight when the results they achieve are only with quite high risks and all things that make risks part of the normal things they feel as long as they still believe in Bitcoin investment.

[Qhunman]

Wrong expectations breed disappointment in the very end, especially if your investment is not going as planned fast. But when it comes to getting into trouble with your Bitcoin investment, it is only when you invested what you cannot afford to lose, because you are likely going to panic at any dip, which might compel you to temper or sell prematurely, so in other not to get into trouble while investing in Bitcoin, we should try to invest only what we can afford to lose or do away with, for a very long period of time.

I agree with you. People should lower their expectations since bitcoin is not guarantee. They should invest with what they can afford to lose so that if things isn't going as planned,they can hold and not panic sells their bitcoin stashes.
Secondly, investors should make provision for emergency fund and a reserve fund  so that if emergency occurs they will likely not sell prematurely or when it is not yet time. Because without an emergency fund and reserve fund put in place, their bitcoin investment is vulnerable if emergency occurs.

[Umulala-alala]

Why you see people get afraid of investment is because they are not fully convinced, of what they are investing for, but if someone is convinced of what is investing on, i believe the investor will not get afraid of investment

When it comes to fear of investing and fear after investing, it all boils down to not investing with what you can afford to lose, because a Bitcoin investor will only fear for his investment when their is a dip in the market, and he will be afraid when he invested with what he cannot afford to lose, but if he actually invested what he can afford to lose, he will never panic after investing because of any form of price decline, because his emotions will not get the better of him.

And those that are afraid of investing due to the fact that they are not too convinced or  lack of conviction, it's because what they intend investing with is what they can't afford to lose or do away with, but if it's actually what they can afford to lose, they would rather give it a try since it's done with an amount they can afford to lose.

How to use the game that I'm emphasizing for that if someone is not being convinced or did not make a research of the investment that is going to invest it will be afraid to invest a little amount of money, but when you know what you are going to invest on

The Investor is going to invest with what it can afford to lose because it has already know the condition of the investment but when you don't properly know the kind of investment you want to invest or you want to run into, you will be afraid of the investment so that is reason why so many persons who invest in Bitcoin why they don't know about Bitcoin always be afraid of the investment

People who has already made a research of Bitcoin before investing on it mostly the new comers in Bitcoin investment they always invest a little that they can lose and they forget without being bothered

You can't invest what you don't know at least before any body invest in bitcoin he or she might have some basic knowledge about bitcoin investment, trying to make more researches before getting started with your bitcoin investment may some time lead into procastination of not getting started or the money for your investment might be use out while making researches and sometimes if you don't go into it it may even be difficult to know more about bitcoin investment, so what an investor needed to get started with is just having some basic knowledge and some discretionary income since it's also possible to be buying bitcoin and also be making those researches.

[B2Z]

We mustn't learn everything before getting started, you can get started, and practice how to be consistent after you have studied your own cash inflow and figured it out, you can learn financial management as your are investing and building your bitcoin portfolio. Being focused and serious about your bitcoin investment will bring discipline with time.

Someone can read everything about Bitcoin and still miss out some good opportunities he's supposed to take advantage of (or still end up not buying and SATs). But if money is involved in the process of learning, they will gain knowledge/Experience and probably profits, they will also learn how to be patient in the market (mostly during the dip).
There's no perfect time to start buying Bitcoin except now. If someone is still waiting for a so called perfect time to buy Bitcoin they will probably waste so much of their time. But if they start buying Bitcoin immediately they have figured out how much they can DCA based on the amount on their leftover money they will probably enjoy the long term potential grown on Bitcoin investment. Secondly, they will also learn so many things from different market circumstances (and they will not regret anything later).

Since an investor is still learning as they are investing into Bitcoin, it's advised for them to start small because starting small will remove fear (if there's a dip in the future) and their confidence toward the market will also increase overtime. They will eventually be disciplined and also start making a solid and organic decision in the future.
While DCA'ing with a small amount they can afford to risk (based on leftover money) there won't be any emotional weakness and they will not be constantly monitoring the market to check the Bitcoin price if it's going Up or Down and theu won't also overthink it.

Starting with a small amount and using discretionary income for investment is a right decision and I agree with your comment. With a small amount of investment and discipline in investment, it is not difficult for the investor to hold that investment for a long time and this is quite important. In the new situation, some investors have such a misunderstanding that they start investing with a small amount, but later when the market is a little down, they get disappointed and then they decide to sell the investment, which is actually always the wrong decision for investors. There should be a good understanding for investment and there is market volatility, that is why investors invest in Bitcoin, so these volatility should be accepted as normal. Especially during negative changes in the market or when the market is relatively low, one should be patient and use this time as an investment opportunity.

I think that for investors, the problem is not the investment amount but the inability to be patient or panicking and selling due to market volatility. 
Investors who can trust the market even after investing with small amounts and can be patient can hold their investments for a long time, while those who use more money for investment but who do not have patience or who cannot handle market fluctuations normally cannot hold their investments for a long time.

Another important thing for investors is to understand their limits and invest accordingly, for example, if an investor decides to invest with additional money after meeting all his needs, then it will be easy for him to continue investing continuously, but if an investor who has no idea about his income and expenses starts investing without such a plan, then it will be difficult for him to continue investing.
Basically, investing in Bitcoin does not only mean buying, but holding at some critical moments because when some critical moments are created for investors, not all investors can hold, rather many decide to sell, so holding is more important.

[Moreno233]

If you only know about how to accumulate Bitcoin without knowing how to sustain and protect that investment, you will fail as an investor. A lot of us started this way and ran into problems because we thought it was just about buying with every money we have without knowing that there are things that must be put in place before the investment can be protected. For instance, if you are unable to define discretionary income from which you are to make your investment, you may likely invest money meant for basic needs which is not right. In addition, if you want to hold for long, which is the right thing, then emergency funds need to be set up to protect the investment. These understanding are needed to be successful as a Bitcoin investor. Knowing how to accumulate is good but it does not end there, you need to protect the investment and even make it ongoing to achieve good target in terms of the quantity.

I agree with your points Moreno233, even though I would clarify that the things you mention about protecting your investment do not need to be in place when a newbie gets started, and there is likely value that each of us figures out our security and protection as our bitcoin grows, and surely in the beginning, we might be starting out with small amounts, and we are just getting accustomed to buying and how to manage our cashflows, yet as our bitcoin grows and continues to grow, it becomes more and more important that we are protecting and securing our coins, which also includes trying to keep a good portion (if not an overwhelming majority?) of our coins off of exchanges and away from third parties (except to the extent that we might be using some of the third party services - yet even so there is value in understanding the difference between self-custody bitcoin and paper bitcoin.. and the various problems that could come from having too much of our bitcoin value (to the extent that we might merely be trying to achieve exposure to bitcoin prices) with third parties and/or various third party bitcoin derivative products.

Thank you for that correction and reminder that I ought to make that clarification that new investors do not have this protection aspect as a priority since they are just starting least they may think that without those measures in place, they cannot get started. In one of the earlier response, someone already alluded that emergency funds and reserve funds are mandatory for a started which is not correct. My statement, if not corrected seems to also tilt towards that direction which is why I appreciate your intervention.

A new investor simply need to figure out the discretionary income to get started and with time he will see the need to set up the other protective measures so that he can protect the investment he has started.

[liasbaa]

Wrong expectations breed disappointment in the very end, especially if your investment is not going as planned fast. But when it comes to getting into trouble with your Bitcoin investment, it is only when you invested what you cannot afford to lose, because you are likely going to panic at any dip, which might compel you to temper or sell prematurely, so in other not to get into trouble while investing in Bitcoin, we should try to invest only what we can afford to lose or do away with, for a very long period of time.

Trying to execute quickly can lead you astray, which is true, but there are times when you may regret not taking the risk at the time of investing. I mention taking the risk because you may need to buy a lump sum of Bitcoin from time to time to increase your holdings by accumulating Bitcoin on a regular basis.
Buying Bitcoin in lump sum for holding is great for you when you have a risk-tolerant cash flow. It is a good idea to have an emergency fund as a defensive strategy to prevent premature selling and to continue adding to your Bitcoin for the long term.

[Wakate]

Wrong expectations breed disappointment in the very end, especially if your investment is not going as planned fast. But when it comes to getting into trouble with your Bitcoin investment, it is only when you invested what you cannot afford to lose, because you are likely going to panic at any dip, which might compel you to temper or sell prematurely, so in other not to get into trouble while investing in Bitcoin, we should try to invest only what we can afford to lose or do away with, for a very long period of time.

Trying to execute quickly can lead you astray, which is true, but there are times when you may regret not taking the risk at the time of investing. I mention taking the risk because you may need to buy a lump sum of Bitcoin from time to time to increase your holdings by accumulating Bitcoin on a regular basis.
Buying Bitcoin in lump sum for holding is great for you when you have a risk-tolerant cash flow. It is a good idea to have an emergency fund as a defensive strategy to prevent premature selling and to continue adding to your Bitcoin for the long term.

Once an investor understands the risk that is involved in trading, they will want to be conscious how they invest especially making sure that you have additional balance they can always use to settle any emergency billings that comes their way.

A lot of investors must have out themselves into trouble of trying to take quick opportunity from the market to finally realize that they could keep an extra fund for the days of financial constraints. The JJG's Bitcoin investment outline helps us to know how to invest in Bitcoin without doing it with unconscious mindset.

[Rockson1]

Once an investor understands the risk that is involved in gambling, they will want to be conscious how they invest especially making sure that you have additional balance they can always use to settle any emergency billings that comes their way.

A lot of investors must have out themselves into trouble of trying to take quick opportunity from the market to finally realize that they could keep an extra fund for the days of financial constraints. The JJG's Bitcoin investment outline helps us to know how to invest in Bitcoin without doing it with unconscious mindset.

You mentioned gambing or were you trying to say something else? You mean additional balance in form emergency funds right? If that is so one thing I will want to draw your attention to is that, even though emergency or reserve funds is very important to every investor, if we do not have them before we start our Bitcoin investment it is not still a problem but where it becomes a problem is when we fail to build it along with our investment or refuse to build it at all.
There is risk in every investment but if we investor can follow Bitcoin investment appropriately I do not think we will see anything as risk, in case you are not aware, discretionary income is what we need to invest in Bitcoin, so I do not see that as a problem if we can figure it out, I cannot stop without saying how helpful this thread  has been to those that has been following things up and applying the ideas and the continues knowledge that they have been getting from here.

[Joeboy]

How to use the game that I'm emphasizing for that if someone is not being convinced or did not make a research of the investment that is going to invest it will be afraid to invest a little amount of money, but when you know what you are going to invest on

The Investor is going to invest with what it can afford to lose because it has already know the condition of the investment but when you don't properly know the kind of investment you want to invest or you want to run into, you will be afraid of the investment so that is reason why so many persons who invest in Bitcoin why they don't know about Bitcoin always be afraid of the investment

People who has already made a research of Bitcoin before investing on it mostly the new comers in Bitcoin investment they always invest a little that they can lose and they forget without being bothered

Onyeeze you really seem to be placing too much emphasis on research prior to getting started, but then you seem to forget that kickstarting your Bitcoin accumulation journey and/or actual involvement is very well the best way that folks get to learn... Fully preparing yourself dosen't give you true understanding, infact it will only keep you delayed from starting out... And so basic knowledge of Bitcoin (and discretionary income) could very well suffice when starting out your Bitcoin journey since folks can very well get to learn more as they go...

[Bright0515]

someone already alluded that emergency funds and reserve funds are mandatory for a started which is not correct.

However, securing a huge amount of money for emergency funds sounds good but truth be told that it can also delay the process of investment and the investor might end up just procrastinating without buying any SATs at the end.
Actually, for the fact that the person may have just a little amount for emergencies, and they also have some leftover money, they can start investing with it. It's called leftover money or discretionary income for a reason, based the fact that it's what remains after removing some money for monthly bills with some for emergency (no matter how little it may be) and some other money is still remaining, if they buy Bitcoin with it, I'm sure that by doing this they won't have to go through some financial challenges because they invest from their discretionary income and it's a very small amount of money that will not affect their basic needs.

Moreover many investors might not understand what emergency funds mean until real life challenges comes up. If they keep some cash for emergency and fortunately any emergency situation comes up, they can keep investing gradually, I'm sure by that time they might have understand how the market moves so they will understand the reason why they don't have to tamper with their Bitcoin investment and they will also start keeping more money for emergency (if in the future bigger emergency shows up). By doing so they will understand that having experience in investment build more knowledge than theory alone (just reading without any practice).

Some investors have little amount of money as emergency funds but they keep telling their self that they need to have more emergency funds before they start investing in Bitcoin but they don't know that it's delaying their goals and actions. Such people believes they must have a very huge amount of emergency funds before they start but they don't know it's stopping them from achieving something because they keep telling their self that they need to wait a little bit longer or they probably tell themselves that they are not ready yet. And before they know it they have already wasted so much time and they might have miss out some good opportunities.

The best approach to take is starting small with by implying the DCA method from the money in their discretionary income, they should also stay consistent on investing while they gradually builds their emergency funds.

Thank you for that correction and reminder that I ought to make that clarification that new investors do not have this protection aspect as a priority since they are just starting least they may think that without those measures in place, they cannot get started.

As a matter of fact, if someone what's to perfect security before they start owning or holding Bitcoin, they will be slowed down because they have nothing yet, but buying some SATs first will surely make them understand how to make Bitcoin transactions and they will also see how the market moves (as it goes up and down), owing some SATs gives them some practical knowledge because they won't learn only from theory alone, and lastly, their confidence will be high as they keep on making more transactions (when they buy more) because they are not only learning from reading but practicing too.

[Derekfunds]

Wrong expectations breed disappointment in the very end, especially if your investment is not going as planned fast. But when it comes to getting into trouble with your Bitcoin investment, it is only when you invested what you cannot afford to lose, because you are likely going to panic at any dip, which might compel you to temper or sell prematurely, so in other not to get into trouble while investing in Bitcoin, we should try to invest only what we can afford to lose or do away with, for a very long period of time.

Trying to execute quickly can lead you astray, which is true, but there are times when you may regret not taking the risk at the time of investing. I mention taking the risk because you may need to buy a lump sum of Bitcoin from time to time to increase your holdings by accumulating Bitcoin on a regular basis.
Buying Bitcoin in lump sum for holding is great for you when you have a risk-tolerant cash flow. It is a good idea to have an emergency fund as a defensive strategy to prevent premature selling and to continue adding to your Bitcoin for the long term.

I disagree with you, trying to execute quickly will not lead anyone astray as long as they use their discretionary income to accumulate. An investor can only go astray if they went to use money that is meant for other needs or want ( expenses) to purchase or accumulate Bitcoin and it is not advisable to do that no matter how we are been drive to... And secondly, there is nothing bad in buying lump sum provided it is what you can afford to lose ( discretionary income) as this doesn't have any business with risk tolerance or cash flow.

[red4slash]

Many in the doesn't understand the investment strategies of bitcoin, they queue up for bitcoin investor having in mind that it will get them rich immediately they invest in Bitcoin, investment of any kind needs research and without making research to know what you are investing on, you will not stand firm for the investment
 

For me things like this are not mandatory because we are not required to understand exactly how the strategy for investing but how we do it by trying.

Someone who even memorizes investment strategies to the expert stage will not help much when they do not invest, just buy when we can afford to buy accompanied by trying to continue to understand in addition to us as learning as long as we buy it is enough.

There is no need to understand correctly for investment strategies because it is only additional knowledge because the main thing in investing, especially in bitcoin, is how we manage our financial cash flow properly first. For me this is the first thing before we really learn and understand other things as an additional understanding.

Investing in bitcoin is not an instant rich scheme and we have often discussed and straightened this out but this is a long-term asset that does require patience in it because being here has risks and we need to be really determined if we want to stand until the end.

[ejikeme24]

[Edited out]

Onyeeze you really seem to be placing too much emphasis on research prior to getting started, but then you seem to forget that kickstarting your Bitcoin accumulation journey and/or actual involvement is very well the best way that folks get to learn... Fully preparing yourself dosen't give you true understanding, infact it will only keep you delayed from starting out... And so basic knowledge of Bitcoin (and discretionary income) could very well suffice when starting out your Bitcoin journey since folks can very well get to learn more as they go...

Although there's nothing wrong with making research after learning because sometimes beginners might be having a doubt about something so instead of going back to their mentor to tell them thier area of contradiction they might decide to ask google just to get a different definition, some beginners prefer the information gotten from Google more than the one that they are being told physically because they believe that the information they are getting from Google is very vital. And yeah, it is almost impossible for beginner to learn everything unless they get started, because there's no way you can understand everything through theory unless experiment is been carried out.

[cyberninja2]

Although there's nothing wrong in making research after learning because sometimes beginners might be having a doubt about something so instead of going back to their mentor to tell them thier area of contradiction they might decide to ask google just to get a different definition, some beginners prefer the information gotten from Google more than the one that they are being told physically because they believe that the information they are getting from Google is very vital. And yeah, it is almost impossible for beginner to learn everything unless they get started, because there's no way you can understand everything through theory unless experiment is been carried out.

This is a topic I frequently discuss in this forum beginners should not rely too heavily on others for everything—whether it involves the learning process itself or other matters that occasionally require clarification from someone who truly understands the complexities involved. This explains why beginners often turn to Google for ideas having repeatedly asked for information regarding the same issues, they realize—and I agree—that one cannot rely *entirely* on others. Therefore while learning is essential taking action based on one's own conviction is even better. This is because hands-on practice is crucial ultimately it allows us to gauge the true extent of our own knowledge and how effectively we can apply that information to serve our own interests—for as you noted situations like the one you described are bound to arise sooner or later.

[wmaurik]

Trying to execute quickly can lead you astray, which is true, but there are times when you may regret not taking the risk at the time of investing. I mention taking the risk because you may need to buy a lump sum of Bitcoin from time to time to increase your holdings by accumulating Bitcoin on a regular basis.
Buying Bitcoin in lump sum for holding is great for you when you have a risk-tolerant cash flow. It is a good idea to have an emergency fund as a defensive strategy to prevent premature selling and to continue adding to your Bitcoin for the long term.

Acting quickly isn't always misleading, as it still depends on the type of work we want to do. If the work we want to do has been analyzed and considered more thoroughly, it won't be misleading because it already has a clear direction, as in the example of buying Bitcoin for long-term investment. However, if someone jumps into something without a clear direction and a well-structured plan, then that person will clearly be lost, even if they have the confidence to do it quickly. So whether or not each person gets lost actually really depends on the direction and plans that they have, in addition to understanding the risks of the job itself, because every job always has risks that must be fully understood by the person doing the job.

[Alonso_]

The thing that a person needs to start investing into bitcoin is discretionary funds.  He can learn about bitcoin as he goes, especially if he has common sense he can figure out the extent to which he needs to know more about bitcoin or not.  There is no need to patronize people in terms of our assumptions about what we believe he needs before investing into bitcoin.  Common sense and discretionary funds is enough to get started investing into bitcoin.

You’re absolutely right, Common sense and discretionary income are the very first things that is required to start investing in bitcoin, most especially a discretionary income, because you can’t buy bitcoin for free and you’re not meant to buy bitcoin with money that is meant for your expenses, and you don’t have to learn everything about bitcoin immediately or before you start investing in bitcoin, you can take your time as you’re starting to invest in bitcoin that is how you’re leaning along the way and gaining experiences on how to possibly invest in bitcoin, because bitcoin is very affordable as you can buy small small you don’t have to buy with all your money that you’ve available, just focus on having a discretionary income and you’re good to go with your investment.

[SilverCryptoBullet]

You’re absolutely right, Common sense and discretionary income are the very first things that is required to start investing in bitcoin, most especially a discretionary income, because you can’t buy bitcoin for free and you’re not meant to buy bitcoin with money that is meant for your expenses, and you don’t have to learn everything about bitcoin immediately or before you start investing in bitcoin, you can take your time as you’re starting to invest in bitcoin that is how you’re leaning along the way and gaining experiences on how to possibly invest in bitcoin, because bitcoin is very affordable as you can buy small small you don’t have to buy with all your money that you’ve available, just focus on having a discretionary income and you’re good to go with your investment.

Discretionary income for your investment capital is really important, and this important role is undeniable but it's not a mandate for any people to start their investment. They can start investing money in Bitcoin without having discretionary income at beginning. They can start their investment with non discretionary income but they must know about important of discretionary investment capital which will trigger them to build up their finance, organize their spending and financial allocation for different purposes. Then they will come to time of having their discretionary income for investment, it's good to have it for their investment practice but it's not mandatory to have at their starts.

If people always have to wait till a time of having discretionary income to invest in Bitcoin, they will be late, and it's not a good advice.

[liasbaa]

Wrong expectations breed disappointment in the very end, especially if your investment is not going as planned fast. But when it comes to getting into trouble with your Bitcoin investment, it is only when you invested what you cannot afford to lose, because you are likely going to panic at any dip, which might compel you to temper or sell prematurely, so in other not to get into trouble while investing in Bitcoin, we should try to invest only what we can afford to lose or do away with, for a very long period of time.

Trying to execute quickly can lead you astray, which is true, but there are times when you may regret not taking the risk at the time of investing. I mention taking the risk because you may need to buy a lump sum of Bitcoin from time to time to increase your holdings by accumulating Bitcoin on a regular basis.
Buying Bitcoin in lump sum for holding is great for you when you have a risk-tolerant cash flow. It is a good idea to have an emergency fund as a defensive strategy to prevent premature selling and to continue adding to your Bitcoin for the long term.

Once an investor understands the risk that is involved in trading, they will want to be conscious how they invest especially making sure that you have additional balance they can always use to settle any emergency billings that comes their way.

A lot of investors must have out themselves into trouble of trying to take quick opportunity from the market to finally realize that they could keep an extra fund for the days of financial constraints. The JJG's Bitcoin investment outline helps us to know how to invest in Bitcoin without doing it with unconscious mindset.

You need to spend more time understanding the risks involved in trading. Even if you are at that level of experience, you should avoid gambling and focus on long-term investments. I compare trading to gambling if someone is not experienced in trading. Even experienced people are at risk because it is not easy to predict future prices. Emotions will keep you away from the way out of the risk phase and will tempt you to take every risk of trading in the hope of getting high profits.

I don't think it's too much of a problem to have the expectation of quick profits if you have sufficient funds to cover the risks. Many people get into trouble because of their excessive emotionalism in the pursuit of high profits and because they don't have the necessary backup to cover the risks.

[Charcol]

Wrong expectations breed disappointment in the very end, especially if your investment is not going as planned fast. But when it comes to getting into trouble with your Bitcoin investment, it is only when you invested what you cannot afford to lose, because you are likely going to panic at any dip, which might compel you to temper or sell prematurely, so in other not to get into trouble while investing in Bitcoin, we should try to invest only what we can afford to lose or do away with, for a very long period of time.

Trying to execute quickly can lead you astray, which is true, but there are times when you may regret not taking the risk at the time of investing. I mention taking the risk because you may need to buy a lump sum of Bitcoin from time to time to increase your holdings by accumulating Bitcoin on a regular basis.
Buying Bitcoin in lump sum for holding is great for you when you have a risk-tolerant cash flow. It is a good idea to have an emergency fund as a defensive strategy to prevent premature selling and to continue adding to your Bitcoin for the long term.

Once an investor understands the risk that is involved in trading, they will want to be conscious how they invest especially making sure that you have additional balance they can always use to settle any emergency billings that comes their way.

A lot of investors must have out themselves into trouble of trying to take quick opportunity from the market to finally realize that they could keep an extra fund for the days of financial constraints. The JJG's Bitcoin investment outline helps us to know how to invest in Bitcoin without doing it with unconscious mindset.

I don't think it's too much of a problem to have the expectation of quick profits if you have sufficient funds to cover the risks. Many people get into trouble because of their excessive emotionalism in the pursuit of high profits and because they don't have the necessary backup to cover the risks.

We may think that it is easy to take risks if you have enough money, but a person with enough money wants to take more risks. Because then that person also tries to earn more profits. Then there is no problem if there is a loss because I have enough money. And this thinking tempts me to take unnecessary trades or additional risks. So to survive in the market, it is not the funds but the mentality. If you have a consistent, low-risk or long-term approach from the beginning, excluding the thought of quick profits, then the chances of survival will be high. And I think surviving in the market is the biggest achievement. Profit will come later.