JJG’s Outline of Bitcoin Investment Ideas

[Rockson1]

There's no need to force your investment amount, infact it doesn't usually end well when you invest more than you can afford to lose or invest outside your discretionary income. It's never advisable to use part of the money for your essential needs to invest just because you think you are not investing much, Invest with whatever you can afford first and look for other source of income in order to increase your investment amount.

This points you raised is where some investors gets it wrong, we do not need to do more than our power, and I believe that is why it is been. Said that we should invest with our discreationary income, Bitcoin investment is not done to impress anyone, use what you can sustain persistenty, what some persons do not understand is that discreationary income grows from time to time as far as our daily weekly or monthly source of income keeps increasing, what is now left for us to do is to figure it out to maintain our investment, it is not wise to invest with what we can not maintain and decide to withdraw tomorrow, it means we were not doing the investment right, Bitcoin investment is followed gradually and consistently with our discreationary, the approach helps us to maintain our relevance as long-term investors.

[Tmoonz]

Starting small can fix all kinds of matters.. I know that there are ways that guys can practice trading and/or investing with nothing, yet I personally think that it is better to have some stake in the game, even if the amount is a small amount, and if the newbie is nervous about the size or the investment or that he might lose it, he can keep adjusting the size of the buy down until he is comfortable and/or no longer worried about whether he loses it or not.  Part of the rationale of investing no more than you can afford to lose really goes with getting started, and of course, if the guy is buying bitcoin every single week, then an incentive should develop to learn more about the investment and also learn more about cashflow management..

It's important to have some capital when they want to start. Without it they won't learn anything about investing. Personally I completely agree with what you said about it for people who want to start investing.

Because the basic capital does not need to be a lot of money it is enough to have it that we as beginners do not mean that when we want to do it without having to prepare a little capital so this will be something to be proud of what we have even though sometimes many people just immediately say that they have to have a large capital so that when making an investment they have to immediately do it with a large amount but that does not mean it is impossible because those who come only want to study first how to actually invest whether in a short or long term but this is the time that will be a decision for them when they have made an investment with a small amount until later regardless of what they get while doing it with a small amount in the end they will be more daring in making an investment with a large amount which is certain they have strong capital in making Bitcoin purchases at any price that occurs when making Bitcoin accumulation.

Of course the basic capital can as small as possible even when they have more to invest in overall of their discretionary income because they have just gat to be getting started and learning and as well as building their confidence and clearing doubts in various kind of ways, it is reasonable that beginners become more conservative in their buying with the mindset of having a lot to experience in the process which is going to influence their overall investment decisions including the size of their investment allocation, most people have shared their experiences as how they came in for the short but realized it is best in the long, it is enough lesson to learn that Bitcoin is best in the long term not in the short term and this should be put in to consideration as part of the outline objectives when starting Bitcoin investment for best and informed decision.

[red4slash]

Starting small can fix all kinds of matters.. I know that there are ways that guys can practice trading and/or investing with nothing, yet I personally think that it is better to have some stake in the game, even if the amount is a small amount, and if the newbie is nervous about the size or the investment or that he might lose it, he can keep adjusting the size of the buy down until he is comfortable and/or no longer worried about whether he loses it or not.  Part of the rationale of investing no more than you can afford to lose really goes with getting started, and of course, if the guy is buying bitcoin every single week, then an incentive should develop to learn more about the investment and also learn more about cashflow management..

What do you mean by demo? It can be an alternative for learning but I don't think it will be effective because regardless of anything when we start from demo there is always a feeling that doing with money that is not real even though it is a lot but we will not get any feeling.
It's different when we do it with real money that we have, so in the end starting from the beginning even with a small nominal but in the end we will get a feel because this is related to the ownership that we have different from the demo because even if there are mistakes that we make in the demo it does not have any impact on ourselves and we may not learn anything in it.

It can start because we are used to it and I think everyone who has been a beginner will feel a little fear when the value shrinks and their plans do not match the reality but that is where the learning lies that we have to face because with this condition when the longer we continue to add knowledge and experience I think the fear about investing and when shrinkage occurs will be minimized because we already have the material to anticipate with the learning and experience we have gained before.
I have felt fear in the past when what I invested in bitcoin shrank in value (when I was just starting to invest) but over time things like this have become more and more normal because even if the value shrinks our bitcoin remains the same and in the end the longer the value increases.

[Bigjoe33]

Starting small can fix all kinds of matters.. I know that there are ways that guys can practice trading and/or investing with nothing, yet I personally think that it is better to have some stake in the game, even if the amount is a small amount, and if the newbie is nervous about the size or the investment or that he might lose it, he can keep adjusting the size of the buy down until he is comfortable and/or no longer worried about whether he loses it or not.  Part of the rationale of investing no more than you can afford to lose really goes with getting started, and of course, if the guy is buying bitcoin every single week, then an incentive should develop to learn more about the investment and also learn more about cashflow management..

What do you mean by demo? It can be an alternative for learning but I don't think it will be effective because regardless of anything when we start from demo there is always a feeling that doing with money that is not real even though it is a lot but we will not get any feeling.
It's different when we do it with real money that we have, so in the end starting from the beginning even with a small nominal but in the end we will get a feel because this is related to the ownership that we have different from the demo because even if there are mistakes that we make in the demo it does not have any impact on ourselves and we may not learn anything in it.

I think JJG's points are so clear and is directed towards starting up your investment amidst your fear and peace of knowledge about investments, and in such situations, that the newbie investor can reduce his buys or entry amount to a very low amount while he gains confidence and grows more knowledge, eliminating fear of loosing money in the investment. And if all this is done, then he can increase his buying allocation is trust and fears no more.

Talking about Demo, it's never the same with real life experience when your money is involved, because it has a different feeling altogether. Therefore, if one is able to figure out his discretionary income, he can begin his investment, not with a Demo, but with a real investmen, maybe small, but with time can adjust his investment amount.

I have felt fear in the past when what I invested in bitcoin shrank in value (when I was just starting to invest) but over time things like this have become more and more normal because even if the value shrinks our bitcoin remains the same and in the end the longer the value increases.

That's why the point is to start small, even though you can afford much more buys, but starting with little amounts helps you to learn best allocation patterns and income management that best suits your income flow. And when you are settled and increased your knowledge and understanding, you can't adjust your accumulation amount at will. This will help to reduce the fear of investing as a newbie.

[Bright0515]

Bitcoin investment is similar to when you are staking on bet we hope to win when we bet but we are aren't guarantee that we will win that's why it's also advise to gamble with what you can afford to loss since we are also guarantee to make profit in Bitcoin we should invest with our discretionary income doing this out side your discretionary income is gambling and you can't change that.

Don't try to mix two different things together because I'm 100% certain that gamble and Bitcoin investment are two different things and I'm also sure that they have nothing in common. As for gamble, it is based on a random luck but Bitcoin is based on the adoption and also how the market moves because of it's scarcity (limited supply).
You don't need to assume that because making profits from Bitcoin investment is not certain so because of that it should be called gamble (that's wrong). However, I know that investing outside your discretionary income is risky but is not gamble either, it's just that the problem here is that the person doesn't understand risk management or what it's all about. Lastly you should also know that bad financial decisions isn't gamble either, they are just poor planning or wrong investment perspectives.

Based on my own perspectives, gamble is something you do within short term and winning is also random which makes it purely luck based.
But Bitcoin investment is something that has solid structural growth, the outcome of your success toward it depends on your adoption and your long term growth.

[adultcrypto]

I could not accept this part of your statement. I will never see investment directly as gambling or betting. Because gambling is completely dependent on luck, especially in gambling there is a house edge, which almost always benefits the gambling companies. But in the case of Bitcoin investment, important factors such as long-term perspective and risk management come into play. A person can invest a part of his discretionary income either regularly or at intervals. On the other hand, after gambling losses, people bet most of their necessary money on gambling in the hope of making more profits. Therefore, I will not at least combine Bitcoin investment with gambling.

 But yes, there can be a mentality issue in investing. If someone blindly invests their required money in an investment like gambling in the hope of quick profit and tries to become rich overnight, then that is gambling-like behavior. I would never want that. At least those who have basic knowledge about Bitcoin would never want it. Because Bitcoin always rewards those who give Bitcoin time to work for it. This means that Bitcoin investment can give us more profit only when we can hold it for a long time.

You are derailing from the onus of the discussion and that is rather unfortunate.  The discussion is not to about if gambling is good or bad but that investing in bitcoin should not be treated as gambling. There are many ways investing in bitcoin can be treated as gambling, such as
1. Investing and expecting to get rich within a short time.

2. Investing money meant for basic needs into bitcoin with the hope that the price will rise so that the capital can be withdrawn and the profit held.

These two approaches are bad and must be avoided at all cost. Investing in bitcoin requires thinking long term and only the use of discretionary income so that you can have the peace to hold.

[Bitcoin.com97]

There's no need to force your investment amount, infact it doesn't usually end well when you invest more than you can afford to lose or invest outside your discretionary income. It's never advisable to use part of the money for your essential needs to invest just because you think you are not investing much, Invest with whatever you can afford first and look for other source of income in order to increase your investment amount.

This points you raised is where some investors gets it wrong, we do not need to do more than our power, and I believe that is why it is been. Said that we should invest with our discreationary income, Bitcoin investment is not done to impress anyone, use what you can sustain persistenty, what some persons do not understand is that discreationary income grows from time to time as far as our daily weekly or monthly source of income keeps increasing, what is now left for us to do is to figure it out to maintain our investment, it is not wise to invest with what we can not maintain and decide to withdraw tomorrow, it means we were not doing the investment right, Bitcoin investment is followed gradually and consistently with our discreationary, the approach helps us to maintain our relevance as long-term investors.

You are very correct, Bitcoin investment is mainly for long term , for someone not to be under pressure it’s best to always invest with your discretionary income, over doing yourself just to impress people may often lead to regrets, if you earn weekly or monthly, is just to set aside money for your essential needs then kept some for emergency then use the remaining one to accumulate, then gradually you can increase if other opportunities comes up rather than going above your power which may later lead to regrets , this is where many investors got it wrong , understanding the basics and how it works it’s really good.

[JayJuanGee]

[edited out]

I could not accept this part of your statement. I will never see investment directly as gambling or betting. Because gambling is completely dependent on luck, especially in gambling there is a house edge, which almost always benefits the gambling companies.

You don't seem to either understand the idea of gambling and/or the idea of what is discretionary funds versus non-discretionary funds, since if a person is using non-discretionary funds to invest in bitcoin, then by definition that money is needed for expenses.. so how the fuck are they going to pay their expenses if they are using that exact money to invest into bitcoin?  The only way that they can pay their expenses with that same money is for bitcoin prices to either go up or to stay at the same price so that when they need to use the money, the amount is enough to pay their expenses.  If the bitcoin price goes down between the time that they buy the bitcoin and they need the money for the expenses, then they won't have enough to pay for the expenses.. then what are they going to do?  using money that is needed for expenses to invest in bitcoin is exactly gambling upon the BTC price either going up or going sideways, which it may or may not do.. and that is luck to be relying upon the BTC price to either go up or to go sideways so that the money that is needed to pay expenses is enough to cover the expenses.

But in the case of Bitcoin investment, important factors such as long-term perspective and risk management come into play. A person can invest a part of his discretionary income either regularly or at intervals. On the other hand, after gambling losses, people bet most of their necessary money on gambling in the hope of making more profits. Therefore, I will not at least combine Bitcoin investment with gambling.

You still sound confused, even though you generally seem to understand the differences between gambling and investing.

But yes, there can be a mentality issue in investing. If someone blindly invests their required money in an investment like gambling in the hope of quick profit and tries to become rich overnight, then that is gambling-like behavior. I would never want that. At least those who have basic knowledge about Bitcoin would never want it.

Ok.  Since you understand this concept, then you seem to know enough about why using non-discretionary funds to put into bitcoin would be gambling rather than investing, even though you seem to want to continue to argue for the mere sake of arguing.. .which largely means that you are contradicting yourself in your own ways of attempting to explain the difference between investing and gambling.  Maybe you just need to learn how to say what you are wanting to say in a better way, since you seem to understand the overall ideas.

Because Bitcoin always rewards those who give Bitcoin time to work for it.

Historically bitcoin has always ended up going up, so long as people would error on the side of buying and holding their bitcoin, the new ATHs would then guarantee profits - yet past performance does not guarantee future performance.. so bitcoin is not guaranteed to go to another ATH and it is not even guaranteed to go up from its current price into the future, whether we are referring to short term, such as in the coming days, weeks, months, or medium term such as 2-5 years into the future or longer term such as 10 years or more.  There are no guarantees that the bitcoin price is going to go higher from our current prices of $71.3k - ish.

This means that Bitcoin investment can give us more profit only when we can hold it for a long time.

Part of the reason that it makes sense to invest into bitcoin for 4-10 years or longer is based on the likely inevitability of short-term price volatility in bitcoin that includes ongoing battles in regards to bitcoin, so if there is some confidence that bitcoin remains strong in terms of various aspects of its sound money attributes and even its paradigm shifting attributes that strengthen its investment thesis, then guys who invest into bitcoin likely can be assured that bitcoin remains an asymmetric bet to the upside which means that there are decently good potentials that they will gain in profits in regards to the amount that they put in, and in the meantime, so long as they do not use leverage or trade, then the most that they could lose would be 100% of the amount that they put into bitcoin.

Starting small can fix all kinds of matters.. I know that there are ways that guys can practice trading and/or investing with nothing, yet I personally think that it is better to have some stake in the game, even if the amount is a small amount, and if the newbie is nervous about the size or the investment or that he might lose it, he can keep adjusting the size of the buy down until he is comfortable and/or no longer worried about whether he loses it or not.  Part of the rationale of investing no more than you can afford to lose really goes with getting started, and of course, if the guy is buying bitcoin every single week, then an incentive should develop to learn more about the investment and also learn more about cashflow management..

What do you mean by demo?

I have never used such tools, since I believe in investing actual money rather than fake money, but there are ways that guys can practice trading with fake accounts that allow them to learn how to become a better trader.  I both believe in using real money, and also this thread is not about trading... yet, nonetheless, there could be tools to practice investing, yet surely I prefer to invest with actual money and if there are concerns about losses, then to adjust the amount invested so that the concerns about losses go away.. .. which is part of the idea that anyone who is investing 4-10 years or longer in bitcoin, we are investing with money that we can afford to lose, yet at the same time, no one invests into anything in which he expects to lose money.. We invest because we expect that we will have had put ourselves into a better position by investing into bitcoin rather than not, even though at the same time, we should recognize and appreciate that our investment is not guaranteed to be profitable within our expected investment timeline.

It can be an alternative for learning but I don't think it will be effective because regardless of anything when we start from demo there is always a feeling that doing with money that is not real even though it is a lot but we will not get any feeling.

That is part of the reason that I don't like it... and it is likely worse if we use such practice systems for long term, even though surely for short-term there could be some advantages - even though my own preferences would involve using actual money... even though I can see the rationale for learning tools to be used by some people... perhaps especially in something like an academic environment.

It's different when we do it with real money that we have, so in the end starting from the beginning even with a small nominal but in the end we will get a feel because this is related to the ownership that we have different from the demo because even if there are mistakes that we make in the demo it does not have any impact on ourselves and we may not learn anything in it.

Yep.. for sure.. both the positive and negative consequences are much more real if we are using actual money, even if we are purposefully choosing a small amount to get started and to get accustomed to the process of ongoingly and regularly buying bitcoin (such as weekly, even if it might end up being as low as $10 per week).

It can start because we are used to it and I think everyone who has been a beginner will feel a little fear when the value shrinks and their plans do not match the reality but that is where the learning lies that we have to face because with this condition when the longer we continue to add knowledge and experience I think the fear about investing and when shrinkage occurs will be minimized because we already have the material to anticipate with the learning and experience we have gained before.

You are exactly correct that guys who invest into bitcoin go through a real world difficult test when the price goes down after they expected the price to go up, and the price might even go down for several years, which will continue to test them, which surely I have considered both the size of the investment and the ongoing buying of bitcoin to be helpful for beginners and even helpful during periods in which the BTC price is going down rather than sideways or up, and surely, guys sometimes get more panicked because they did not financially and/or psychologically prepare for the price to go down, which also might mean that they ended up putting in too much time, energy and value into bitcoin in the beginning and at times when the BTC price was higher, which contributes towards their regrets, yet their inability to do anything to change the past (except maybe attempt to learn from it and to learn the right lesson from it.. sometimes guys will learn the wrong lesson from their past mistakes).

I have felt fear in the past when what I invested in bitcoin shrank in value (when I was just starting to invest) but over time things like this have become more and more normal because even if the value shrinks our bitcoin remains the same and in the end the longer the value increases.

For sure with bitcoin, historically, there has so far been a tendency for it to go up, so even if we have some periods in which we are stressed out about our level of profits (on paper), we may well start to feel more and more comfortable based on our having had ongoingly built our bitcoin stash size through ongoing buying of it, and also the stresses about price end up working themselves up. .so that even a guy who might ONLY be bordering on 4-ish years of buying bitcoin, there had become greater and greater likelihood that such guy would have very good chances of being in profits and perhaps even having less and less fear that his bitcoin holdings will fall back out of profits - so that with the passage of time, the cushion between the average cost per his coin and the actual price becomes greater and greater and greater, so long as he had been erroring on the side of buying and holding and not fucking around trying to trade (meaning not selling and expecting to be able to buy back cheaper, which may or may not be possible at any given time). 

Of course, if guys had been fucking around with trading, then there status may end up having a lot of variation, since there might be some guys who were successful and other guys who had considerable losses, and surely I have not been (and continue to not be) any kind of an advocate for trying to build bitcoin holdings through selling and/or trading of bitcoin, rather than just sticking to ongoing, persistent, consistent and regular buying of bitcoin.. even though the larger a guy's stash becomes, then the more likely that he will be able to lessen his intensity in regards to ongoingly buying bitcoin... since at some point after ongoingly accumulating through regular buying (whether he had been able to front load his bitcoin investment or not) he might be getting close to having enough or more than enough bitcoin.

[MorganaX]

Starting small can fix all kinds of matters.. I know that there are ways that guys can practice trading and/or investing with nothing, yet I personally think that it is better to have some stake in the game, even if the amount is a small amount, and if the newbie is nervous about the size or the investment or that he might lose it, he can keep adjusting the size of the buy down until he is comfortable and/or no longer worried about whether he loses it or not.  Part of the rationale of investing no more than you can afford to lose really goes with getting started, and of course, if the guy is buying bitcoin every single week, then an incentive should develop to learn more about the investment and also learn more about cashflow management..

What do you mean by demo? It can be an alternative for learning but I don't think it will be effective because regardless of anything when we start from demo there is always a feeling that doing with money that is not real even though it is a lot but we will not get any feeling.
It's different when we do it with real money that we have, so in the end starting from the beginning even with a small nominal but in the end we will get a feel because this is related to the ownership that we have different from the demo because even if there are mistakes that we make in the demo it does not have any impact on ourselves and we may not learn anything in it.

I think JJG's points are so clear and is directed towards starting up your investment amidst your fear and peace of knowledge about investments, and in such situations, that the newbie investor can reduce his buys or entry amount to a very low amount while he gains confidence and grows more knowledge, eliminating fear of loosing money in the investment. And if all this is done, then he can increase his buying allocation is trust and fears no more.

Talking about Demo, it's never the same with real life experience when your money is involved, because it has a different feeling altogether. Therefore, if one is able to figure out his discretionary income, he can begin his investment, not with a Demo, but with a real investmen, maybe small, but with time can adjust his investment amount.

I have felt fear in the past when what I invested in bitcoin shrank in value (when I was just starting to invest) but over time things like this have become more and more normal because even if the value shrinks our bitcoin remains the same and in the end the longer the value increases.

That's why the point is to start small, even though you can afford much more buys, but starting with little amounts helps you to learn best allocation patterns and income management that best suits your income flow. And when you are settled and increased your knowledge and understanding, you can't adjust your accumulation amount at will. This will help to reduce the fear of investing as a newbie.

"Trust the process"

There is a reason why this phrase is used by many successful business men and women, it is because growth is what makes you gain confidence over time and it's the same thing with Bitcoin investments especially for newbies that feel the urge to start huge but fear won't allow you because you are scared that the market might shrink and your investment will go with it which is a common fear but that's the reason why it's important not to skip to the end of any story or journey without properly accessing the knowledge and confidence you will get when you start from the very beginning and pass through all stages so that you grow in learning.

Starting small as a newbie will give you time to get confidence and understand how everything works so that when you have gotten confidence then you can make room for adjustment of discretionary funds used for your investment. You know they say slow and steady does win the race although you can decide to lum sum if you are confident and have the available funds to do so but for newbies that are just coming into the art of investing it's better to pass through the process of starting small to gain confidence on the market so you don't get scared and chicken out thereby selling off when the market dips.

[whiteblue]

You are exactly correct that guys who invest into bitcoin go through a real world difficult test when the price goes down after they expected the price to go up, and the price might even go down for several years, which will continue to test them, which surely I have considered both the size of the investment and the ongoing buying of bitcoin to be helpful for beginners and even helpful during periods in which the BTC price is going down rather than sideways or up, and surely, guys sometimes get more panicked because they did not financially and/or psychologically prepare for the price to go down, which also might mean that they ended up putting in too much time, energy and value into bitcoin in the beginning and at times when the BTC price was higher, which contributes towards their regrets, yet their inability to do anything to change the past (except maybe attempt to learn from it and to learn the right lesson from it.. sometimes guys will learn the wrong lesson from their past mistakes).

Yes, sir, it's crucial for them to prepare a strong Mentality for investing. Hoping that prices will always rise is a foolish notion, As market trends are of two types, Upward and downward.
However, If they have a strong mentality, a decline presents a good Opportunity to Buy outright and also to use a DCA approach.

Seeing many Investors panic when prices drop makes Me think They investing large sums But aren't prepared for the reality that prices will reverse their expectations. In fact, I suspect their minds are Still preoccupied with worry, they're not long term Investors, But traders.

[Rockstarguy]

There's no need to force your investment amount, infact it doesn't usually end well when you invest more than you can afford to lose or invest outside your discretionary income. It's never advisable to use part of the money for your essential needs to invest just because you think you are not investing much, Invest with whatever you can afford first and look for other source of income in order to increase your investment amount.

Some people want to invest this way because of the passion they have for Bitcoin, but investing this way because you find Bitcoin investment so interesting won't really help. Investment is all about planning, and if you invest more than your limit, it may become a problem for you when you are not able to meet the demands you ought to sort out.

The question you need to ask yourself is, if you invest with the money that is meant for the basic things, how do you intend to handle them? It is impossible to leave them unsolved because when they are not attended to, it can greatly affect your Bitcoin investment.

[Saltysugar99]

There's no need to force your investment amount, infact it doesn't usually end well when you invest more than you can afford to lose or invest outside your discretionary income. It's never advisable to use part of the money for your essential needs to invest just because you think you are not investing much, Invest with whatever you can afford first and look for other source of income in order to increase your investment amount.

Some people want to invest this way because of the passion they have for Bitcoin, but investing this way because you find Bitcoin investment so interesting won't really help. Investment is all about planning, and if you invest more than your limit, it may become a problem for you when you are not able to meet the demands you ought to sort out.

The question you need to ask yourself is, if you invest with the money that is meant for the basic things, how do you intend to handle them? It is impossible to leave them unsolved because when they are not attended to, it can greatly affect your Bitcoin investment.

I agree with you. Increasing the investment amount is a good thing. But it should also be remembered that just increasing the amount does not make you a better investor. Here, the importance should be given to whether the amount being increased is sustainable or not. Bitcoin accumulation is not such that buying more today out of passion will automatically become a smart move tomorrow. If the buy amount goes beyond discretionary income, then the investment is not being increased. The risk of future is increasing. Many people think that they buy with a little pressure now but do not think about the future. Investing more in Bitcoin is not a problem. The problem is investing more than their own cashflow capacity.

Another important point is that increasing the investment amount ideally should not be based on price excitement. It should be based on cashflow improvement. That means whether the salary has increased or not. Whether the business income has increased or not. Whether the discretionary income has become stronger or not. Whether the reserve fund is adequate or not. If the income increases or expenses can be managed better, then increasing the buy amount is logical. But if the guy is emotionally excited about Bitcoin and therefore wants to push beyond his limits then that is not good investing. That is closer to gambling mindset. An investor improves gradually. He does not try to increase a large amount in one day. If weekly $30 can be safely done then start with $30. Later if income improves maybe $50. then $75. then $100. Building in this way is much more realistic than jumping to a bigger number just because Bitcoin feels important.

Investment amount can be increased. But only when the investor has actually strengthened his finances. not when he has strengthened his emotions. Essential needs money cannot be touched. Emergency fund cannot be destroyed. DCA or lump sum amount must be such that the investor does not break down in stress. Because the first priority is to survive long enough to keep accumulating. Those who become overaggressive in the early stage often fall behind in the later stage. On the other  those who understand their real capacity and increase the amount step by step can finish stronger even if they start slow. In Bitcoin investing, amount matters. but sustainable amount matters more. planning more useful than passion .

[alankasman]

I agree with you. Increasing the investment amount is a good thing. But it should also be remembered that just increasing the amount does not make you a better investor. Here, the importance should be given to whether the amount being increased is sustainable or not. Bitcoin accumulation is not such that buying more today out of passion will automatically become a smart move tomorrow. If the buy amount goes beyond discretionary income, then the investment is not being increased. The risk of future is increasing. Many people think that they buy with a little pressure now but do not think about the future. Investing more in Bitcoin is not a problem. The problem is investing more than their own cashflow capacity.

The steps taken are certainly good but sometimes after investing significantly/aggressively this can become a problem because our income doesn't exceed our investment budget. This is the problem as investing beyond our income limits can create problems for households. Therefore I would say that if our income is only 10% it's appropriate to only invest 5%.

Adjustments must be balanced with income. Otherwise we must have another job so we can fulfill both needs. Every aspect whether it's needs or investments will naturally go according to our wishes. This is inseparable from what we do by having two jobs. The results of these two jobs are one income is dedicated to needs and the other income is used for investments with the goal of meeting needs and ensuring investment is uninterrupted. This makes it easy for us to implement both according to our expectations fulfilling our needs and investing to create assets for our future.

[Brizi5000]

I agree with you. Increasing the investment amount is a good thing. But it should also be remembered that just increasing the amount does not make you a better investor. Here, the importance should be given to whether the amount being increased is sustainable or not. Bitcoin accumulation is not such that buying more today out of passion will automatically become a smart move tomorrow. If the buy amount goes beyond discretionary income, then the investment is not being increased. The risk of future is increasing. Many people think that they buy with a little pressure now but do not think about the future. Investing more in Bitcoin is not a problem. The problem is investing more than their own cashflow capacity.

The steps taken are certainly good but sometimes after investing significantly/aggressively this can become a problem because our income doesn't exceed our investment budget. This is the problem as investing beyond our income limits can create problems for households. Therefore I would say that if our income is only 10% it's appropriate to only invest 5%.

Adjustments must be balanced with income. Otherwise we must have another job so we can fulfill both needs. Every aspect whether it's needs or investments will naturally go according to our wishes. This is inseparable from what we do by having two jobs. The results of these two jobs are one income is dedicated to needs and the other income is used for investments with the goal of meeting needs and ensuring investment is uninterrupted. This makes it easy for us to implement both according to our expectations fulfilling our needs and investing to create assets for our future.

for me I'd like to suggest that the best thing to do in this case is that if an individual receives an income and this income you didn't describe it as the discretionary income, the best thing to do since its just his weekly or monthly income is to first of all look into his basic financial needs or expenses and try to settle those basic needs first, thereafter any other money left with him should be regarded as discretionary income which he can then choose whatever he wants to do with it as regarding his investment either to use some of it in buying bitcoin and then keep part of it for other reserve funds especially the emergency funds. the reason is that you cannot fully ascertain how big or small the basic expenses might be as due to the fact that in many economy now especially where i'm from there's no particular fixed price of goods or commodities as it stands now especially in the super market where you want to go and buy some of the stuffs you will use for food or clothing, its almost like everyday the cost of goods and services are increasing so in this regard you cannot efficiently allocate a certain percentage of your income to your investment before allocating the other into settling your basic needs, it could be problematic. i believe that once an investor is able to settle his basic expenses first, then it wont be too difficult to handle if he then decide to use his remaining money for bitcoin investment, no matter how many percentage of it he use because that money is his discretionary income and he can choose how to use it provided hes not using it frivolously because as a bitcoin investor you ought to have a good financial management skill that will help the growth of your investment.

[cyberninja2]

Another important point is that increasing the investment amount ideally should not be based on price excitement. It should be based on cashflow improvement. That means whether the salary has increased or not. Whether the business income has increased or not. Whether the discretionary income has become stronger or not. Whether the reserve fund is adequate or not. If the income increases or expenses can be managed better, then increasing the buy amount is logical. But if the guy is emotionally excited about Bitcoin and therefore wants to push beyond his limits then that is not good investing. That is closer to gambling mindset. An investor improves gradually. He does not try to increase a large amount in one day. If weekly $30 can be safely done then start with $30. Later if income improves maybe $50. then $75. then $100. Building in this way is much more realistic than jumping to a bigger number just because Bitcoin feels important.

Increasing this amount won't be a problem because it depends on each individual's understanding of their cash flow. A stable income certainly isn't impossible even with a sense of overwhelming joy. This is because based on the cash flow there are no obstacles to increasing the investment amount.
Everyone's mindset is certainly different but what needs to be considered is that earning income is currently very difficult. Sometimes people don't stop investing in Bitcoin but rather because their cash flow is difficult to predict. This makes it very logical for someone to build a more realistic investment strategy.

[sotelorene]

You are exactly correct that guys who invest into bitcoin go through a real world difficult test when the price goes down after they expected the price to go up, and the price might even go down for several years, which will continue to test them, which surely I have considered both the size of the investment and the ongoing buying of bitcoin to be helpful for beginners and even helpful during periods in which the BTC price is going down rather than sideways or up, and surely, guys sometimes get more panicked because they did not financially and/or psychologically prepare for the price to go down, which also might mean that they ended up putting in too much time, energy and value into bitcoin in the beginning and at times when the BTC price was higher, which contributes towards their regrets, yet their inability to do anything to change the past (except maybe attempt to learn from it and to learn the right lesson from it.. sometimes guys will learn the wrong lesson from their past mistakes).

Yes, sir, it's crucial for them to prepare a strong Mentality for investing. Hoping that prices will always rise is a foolish notion, As market trends are of two types, Upward and downward.
However, If they have a strong mentality, a decline presents a good Opportunity to Buy outright and also to use a DCA approach.

Seeing many Investors panic when prices drop makes Me think They investing large sums But aren't prepared for the reality that prices will reverse their expectations. In fact, I suspect their minds are Still preoccupied with worry, they're not long term Investors, But traders.

Hoping for the price of Bitcoin to rise is not a foolish notion because even real investor due hope for the price of Bitcoin to rise and that is one characteristic of Bitcoin but it will be foolish to purchase a small fraction of Bitcoin and hoping for rise because even if the price rise it won't give them something reasonable simply because their portfolio is not encouraging or handsome enough so while hoping is advised to be accumulating as little as possible. It always gives a different vibe when the price drop but not enough reason to make an investor panic.

[ultrloa]

I have felt fear in the past when what I invested in bitcoin shrank in value (when I was just starting to invest) but over time things like this have become more and more normal because even if the value shrinks our bitcoin remains the same and in the end the longer the value increases.

For sure with bitcoin, historically, there has so far been a tendency for it to go up, so even if we have some periods in which we are stressed out about our level of profits (on paper), we may well start to feel more and more comfortable based on our having had ongoingly built our bitcoin stash size through ongoing buying of it, and also the stresses about price end up working themselves up. .so that even a guy who might ONLY be bordering on 4-ish years of buying bitcoin, there had become greater and greater likelihood that such guy would have very good chances of being in profits and perhaps even having less and less fear that his bitcoin holdings will fall back out of profits - so that with the passage of time, the cushion between the average cost per his coin and the actual price becomes greater and greater and greater, so long as he had been erroring on the side of buying and holding and not fucking around trying to trade (meaning not selling and expecting to be able to buy back cheaper, which may or may not be possible at any given time). 

Of course, if guys had been fucking around with trading, then there status may end up having a lot of variation, since there might be some guys who were successful and other guys who had considerable losses, and surely I have not been (and continue to not be) any kind of an advocate for trying to build bitcoin holdings through selling and/or trading of bitcoin, rather than just sticking to ongoing, persistent, consistent and regular buying of bitcoin.. even though the larger a guy's stash becomes, then the more likely that he will be able to lessen his intensity in regards to ongoingly buying bitcoin... since at some point after ongoingly accumulating through regular buying (whether he had been able to front load his bitcoin investment or not) he might be getting close to having enough or more than enough bitcoin.

History will always give great example to anyone, that being consistent with buying and holding Bitcoin is better than trading it. The more they stick upon buying consistently for long term and follow good disciplines will increase their chance to succeed and chances to get bothered by price swings will became low thru the help of DCA.

Trading may work for few people, but try to imagine the stress and huge risk they are taking. That's why simply buying and build their portfolio by holding for long term is enough also proven that this is more reliable than trading.

[Olatundespo]

You are exactly correct that guys who invest into bitcoin go through a real world difficult test when the price goes down after they expected the price to go up, and the price might even go down for several years, which will continue to test them, which surely I have considered both the size of the investment and the ongoing buying of bitcoin to be helpful for beginners and even helpful during periods in which the BTC price is going down rather than sideways or up, and surely, guys sometimes get more panicked because they did not financially and/or psychologically prepare for the price to go down, which also might mean that they ended up putting in too much time, energy and value into bitcoin in the beginning and at times when the BTC price was higher, which contributes towards their regrets, yet their inability to do anything to change the past (except maybe attempt to learn from it and to learn the right lesson from it.. sometimes guys will learn the wrong lesson from their past mistakes).

Yes, sir, it's crucial for them to prepare a strong Mentality for investing. Hoping that prices will always rise is a foolish notion, As market trends are of two types, Upward and downward.
However, If they have a strong mentality, a decline presents a good Opportunity to Buy outright and also to use a DCA approach.

Seeing many Investors panic when prices drop makes Me think They investing large sums But aren't prepared for the reality that prices will reverse their expectations. In fact, I suspect their minds are Still preoccupied with worry, they're not long term Investors, But traders.

Hoping for the price of Bitcoin to rise is not a foolish notion because even real investor due hope for the price of Bitcoin to rise and that is one characteristic of Bitcoin but it will be foolish to purchase a small fraction of Bitcoin and hoping for rise because even if the price rise it won't give them something reasonable simply because their portfolio is not encouraging or handsome enough so while hoping is advised to be accumulating as little as possible. It always gives a different vibe when the price drop but not enough reason to make an investor panic.

Expecting a price increase is not so much of an expectation for some investors. At least not for those investors who have set a specific time or target for accumulating Bitcoin and are doing DCA regardless of the price. Those who are involved in short term trading and are interested in taking profits from the price increase are more likely to be excited about the price increase.
The mindset of staying steady during Bitcoin price drops or rises can play an effective role in building a decent portfolio in the future because every time the price drops or rises is very valuable to you. Rather, it is a good time to add a larger fraction of Bitcoin to your portfolio during price drops.

[Tongley]

I have felt fear in the past when what I invested in bitcoin shrank in value (when I was just starting to invest) but over time things like this have become more and more normal because even if the value shrinks our bitcoin remains the same and in the end the longer the value increases.

For sure with bitcoin, historically, there has so far been a tendency for it to go up, so even if we have some periods in which we are stressed out about our level of profits (on paper), we may well start to feel more and more comfortable based on our having had ongoingly built our bitcoin stash size through ongoing buying of it, and also the stresses about price end up working themselves up. .so that even a guy who might ONLY be bordering on 4-ish years of buying bitcoin, there had become greater and greater likelihood that such guy would have very good chances of being in profits and perhaps even having less and less fear that his bitcoin holdings will fall back out of profits - so that with the passage of time, the cushion between the average cost per his coin and the actual price becomes greater and greater and greater, so long as he had been erroring on the side of buying and holding and not fucking around trying to trade (meaning not selling and expecting to be able to buy back cheaper, which may or may not be possible at any given time). 

Of course, if guys had been fucking around with trading, then there status may end up having a lot of variation, since there might be some guys who were successful and other guys who had considerable losses, and surely I have not been (and continue to not be) any kind of an advocate for trying to build bitcoin holdings through selling and/or trading of bitcoin, rather than just sticking to ongoing, persistent, consistent and regular buying of bitcoin.. even though the larger a guy's stash becomes, then the more likely that he will be able to lessen his intensity in regards to ongoingly buying bitcoin... since at some point after ongoingly accumulating through regular buying (whether he had been able to front load his bitcoin investment or not) he might be getting close to having enough or more than enough bitcoin.

Bitcoin's past performance can never determine its future results or there is no certainty that it will happen in the future because it happened in the past. However, a new or an investor needs to be aware of the international issues. Because Bitcoin is completely decentralized, no one has any influence on Bitcoin, the price of Bitcoin increases depending on the demand for Bitcoin. If an investor is willing to invest and if he cannot believe in Bitcoin, then he needs to know about the demand for Bitcoin and what opinions are going on about Bitcoin at the international level. For example, Iran has announced that they will collect VAT from every ship through Bitcoin and what big companies have said about Bitcoin, etc. It is necessary to get an idea about what role Bitcoin is playing at the international level. So that they can understand and build trust in Bitcoin.

[Zackz5000]

Guy investing with non discretionary income is gambling and it's necessary to invest in Bitcoin with your discretionary income, you have to have a discretionary income before you can get started with your investment. Bitcoin investment is similar to when you are staking on bet we hope to win when we bet but we are aren't guarantee that we will win that's why it's also advise to gamble with what you can afford to loss since we are also guarantee to make profit in Bitcoin we should invest with our discretionary income doing this out side your discretionary income is gambling and you can't change that.

Again we don't need to wait to have a good and reliable job before we can start accumulating Bitcoin for there are investors who don't still have a good job or a good source of income but are accumulating Bitcoin if you already figured out that you have your discretionary income which is what is needed to get started with you can start.

Zackz5000 you were making a good point but later diverted and started confusing yourself and then others with your assertions I mean I got confused at some point , or maybe you made a mistake... Last I checked, this isn't a gambling thread, this is very well a thread which outlines important investment idea which can help folks in their investments journey.... When done with your Discretionary income, Bitcoin investment isn't gambling, and it certainly will not share any similarities with it... In Bitcoin investment, folks get to accumulate an asset with long term potentials and the more years folks get the accumulate it, the more likely they get to placing themselves in much more better position... This surely cannot be the case about gambling...

You are the one getting your self so confused i was just giving it as an example when you invest Bitcoin with what that isn't your discretionary income that's gambling i only brought up the case of bet as an instant what that doesn't guarantee us profit shouldn't be go with money we can not afford to loss same way as betting doesn't guarantee us profit so if you understand me you will know the area am pointing at am not saying that Bitcoin investment and gambling on bet are same but will be putting your self on a higher risk when you invest with money you can't afford to loss. Bitcoin investment for isn't gambling so doing it now with non discretionary income and also selling when you are supposed to be accumulating Bitcoin is gambling and very wrong, hope you do understand me now and stop getting your self confused.