JJG’s Outline of Bitcoin Investment Ideas

[Silikiem]

Even though you aren't financial stable and your income isn't consistent there may still be a way you would adjust your spendings and invest in  a way that it wouldn't become a burden. If you adjust your spending or keep a low budget on non essentials it would help you save money to sustain your investments. Since you could saved a lot of money by slashing down budget on non essentials you can figures out a discretionary income and invest using dca. They won't be need to take on loan or invest money beyond your capacity because that is gambling. It is easier to sustain your bitcoin investment usin discretionary income for the long term than investing beyond discretionary income.

Unstable financial situation and uncertain income sometimes it happens by some people, and with everyone must have a desire to save then it must be damaged even with unstable financial circumstances and uncertain income the exact amount. With one of the ways you have mentioned, namely cutting expenses that are not so important because sometimes there are expenses that we don't realize but that affect our finances even though it is small if done frequently it will be felt too.

Moreover, if the investment has been carried out regularly but because of the unstable money situation, do not make the investment strike for a while until you get a stable income again, as much as possible it is better to be able to maintain and run the investment made with the DCA strategy that has been carried out.

Bitcoin investment only requires you to have a discretionary income and not a stable income which means that part of the reason why folks shouldn’t invest or pause/stop to invest in bitcoin is only if they are unable or struggling to sort out their basic financial needs or expenses and not really because the income is unstable for them because even people with unstable income can still invest in bitcoin if they could be able to from Time to time figure out a discretionary income to use for their bitcoin accumulation and hold either weekly or monthly basis depending on how they are able to figure out a discretionary income.  The DCA strategy is there to help people with unstable income not to totally pause or stop their investments halfway simply because they don’t have stable income as they can always be able to invest when they are able to figure out a discretionary income from time to time. Having a stable income doesn’t really means that you’ll be able to figure out a discretionary income from it but with a proper financial management skill even if the income is not stable one can still be able to invest in bitcoin with his discretionary income only.

[B2Z]

When an investor is continually using the DCA strategy he doesn't wait again for the dip before you can start accumulating because he is doing a regular accumulation this is the best part of the DCA strategy it kills the idea of waiting for the dip to accumulate, the advantage of the DCA strategy is that an investor don't have to wait for any dip because he is steadily accumulating both when the price of Bitcoin is low and when its also high.

DCA has been of a good advantage to many of us both the new investors or the old term investors we all are getting much benefit from DCA to be honest. With DCA strategy we can accumulate at any given price so far we keep up with the steady accumulation then we don’t need to worry about any lower lows or dips at all instead we see each deeper trends as an opportunity to accumulate more and more at some lower price.
 With DCA strategy the investment journey has been made easier because one don’t need to get worried about any market volatility or market drawbacks instead when such scenarios fall in place we see them as a big time opportunity but waiting for dips is a wreck-less move that will later get down to us. 

If we can buy consistently, then we will not only have to wait for opportunities, but through continuous investment, we will be able to take advantage of all kinds of opportunities. Those who only wait miss many investment opportunities because these investors do not understand where the next movement of the market will be, due to which they cannot buy at the right time, but those who invest consistently in the DCA investment strategy buy at every stage of the market, so when the market comes down relatively, the investors still have investment, and when the market goes up, these investors still have investment, so they do not miss any opportunity.

Sometimes it is seen that many people have enough money to invest, have enough time, but due to excessive thinking, they cannot invest. I think these investors always regret it. We have seen many such cases in the past where people have regretted not being able to invest, so now if there is opportunity and time, they should continue investing continuously. In order to continue investing continuously, an investor does not need much, but he needs some ideas about investment and discretionary income. 
When an investor has discretionary income, he or she will be able to continue investing consistently with that discretionary income.

[red4slash]

This is too much and seems impossible to do for me because 10 years for 10 bitcoins means that we can get at least 1 bitcoin / year and that will not be affordable and seem too imposing especially when the income we have is slightly lower.

This thread is for normies not for guys who likely have such resources to accumulate that many bitcoin.

We might consider poor people being able to (at best) invest $10 to $100 per week, so they may well ONLY accumulate 0.4 bitcoin, at best, over the next 10-ish years (if they are ONLY just starting now).

We might consider people of modest means who might be able to invest $100 to $500 per week, so they may well ONLY be be able to accumulate 1.5 bitcoin, at best, over the next 10-ish years

I would suggest that if a person is regularly buying into bitcoin as income comes available (rather than lump summing into bitcoin), then, at minimum, they would need to invest around $3k per week, which would be $156k per year and $1.56 million over 10 years, and I have my doubts that bitcoin would even average merely $156k per coin.. especially over 10 years.  A person investing $3k per week over 10 years may well ONLY accumulate somewhere between 5 BTC and 8 BTC over 10 years.

It is quite unrealistic for anyone close to normal to be able to invest $3k per week over 10 years.

That's the reason I say this is impossible because although it cannot be denied that there are a small percentage of us who can do such a big thing as buying 1 bitcoin per year or maybe even less than that but this is a small percentage because most of the others are those of us who are in average conditions for buying less than that.
Moreover, for most of those on the forum now even only make $10-$100 (Maybe there are more) as their purchase then making a target of 1 bitcoin per year seems imposing.

Especially if you look at the average about what you said for $3000 for 10 years it cannot be done by most investors, especially those on this forum.

We take an example for 1 bitcoin / year it might be done by those who have an above-average income for each month because if we convert it today (at $70k) it means we need to set aside from our discretionary funds of $1300 more every week so that and even then with a note that bitcoin stagnates at $70k which is certainly not possible because of its volatility.

It is quite unlikely that bitcoin is going to average at or less than $70k over the next year or two.  Possible, but not too likely. So guys expecting to average $70k or less over the next year or two seem to already be in unrealistic territory in their thinking (expectations).

I made this benchmark because indeed the price is now decreasing but of course when talking about a little longer (for price) vulnerability it is clear that this will not be the same again and maybe even for the next year or a few years we will not even feel bitcoin at $70k as the current decline occurs because we certainly know that the longer bitcoin is increasing even though this is just a personal assumption but supported by the history of bitcoin from the beginning until now then of course the confidence we have in the future is increasing.

Investing in bitcoin for me now doesn't matter how many bitcoins we have as long as we can afford to buy them, indeed the hope is the bigger the better but here what needs to be considered is also the cash flow in terms of the income we have cut by our monthly needs and several other deductions from your discretionary funds.

There is nothing wrong with attempting to make measurements of how many BTC that we anticipate that we might be able to accumulate at various points by any time in the future based on our current income and/or our future income/expense expectations, yet as you suggest, it is way more realistic to consider in terms of how much we are bringing in and even perhaps to account for a bitcoin price curve that is likely to incline upwardly largely at a greater pace than our income increases.. sure we don't know for sure about  the changes in the bitcoin prices relative to our future income.

That can indeed happen especially if you want to try to measure and continue to evaluate the purchases we make because of course increasing investment is clearly a very good goal to do but in this case it would be better to focus on cash flow first because for me measuring how much bitcoin we buy in the coming years is still a mystery because again price volatility is something that cannot be separated so instead of measuring the amount of bitcoin we will buy it would be better to focus on managing better cash flow so that we can continue to make purchases as well as being able to follow up on further plans for increased purchases if it is possible to do.

[Grease5000]

I believe investors will never be satisfied with their BTC holdings because if an investor's desire to accumulate Bitcoin continues, They will continue Buying over time. We see many examples of investors continually buying Bitcoin during rising and falling prices, aiming to accumulate more.

Sometimes, when they satisfied, they'll only buy when the price drops, But often, They become more Consistent buyers as they become more confident in their purpose.

Therefore, we must follow their lead by continually buying and holding. This way, we can change our future by the most valuable assets.

Continuous accumulation is good, that I agree... But yet again Bitcoin is more of a personal choice, and so when an individual is investing in it, the investment should be based on one's financial capacity, rather than it being based on the way others are doing it...

Coz truth be told, folks operates under different income levels, responsibilities and risk-level... And so consistent accumulation may not be possible for everyone considering their financial situation, and such an individual shouldn't recklessly force himself into consistent accumulation just coz he is trying to follow the lead of others like it is in your write-up... My point exactly is that folks could as well adopt a flexible method of investing or any other methods that very well align with their financial situation so that when doing it, they wouldn't put themselves under a lot of pressure, which could even lead to burn out while still in the process of their investments...

I get your point, but I don’t fully agree with  your idea of pushing emergency funds to the side. For a beginner, even a small emergency fund matters because it protects your investments from forced selling when life happens.

At the same time, I agree you don’t need to have everything before starting you learn as you go the important thing is to start simple, stay consistent, and improve over time. I believe one can start investing and building emergency fund together slowly  so  he doesn't have  to  build wealth under pressure.

[EL MOHA]

My statement on having specific profit target is for one who is looking to actually take profit on the bitcoin at certain period of time (I am not a fan of cashing out profit everything because realistically it’s save with bitcoin than in fiat) but just in case the investor wishes to take a little profit then they can actually also look into price target as alternative to time base target. For example if you have an average bitcoin buy price of $30k you can decide to take some profit at probably above $100k but minding that this could take a whole one cycle to reach (4 years) this to me will eliminate procrastination when trying to take off profit.

You still sound distracted by trading ideas, even though I am not opposed to price-based sustainable withdrawal (as I outline in my thread), which from a general perspective would allow the selling of up to 10% of the bitcoin stash every time the bitcoin price doubles, yet I think that those price based sustainable withdrawal tactics work much better if a person is no longer in his bitcoin accumulation phase... since if a guy is buying and selling at the same time, that seems to cause a wrong kind of a mindset.

First of all for anyone actually even thinking about any profit taking they might either have completed there accumulation period and could even be heading to over accumulation if not why would some one be considering even taking profit. I thread through the thread and sincerely it’s the perfect example of taking profit with price that I was actually interested in. Mind you for an investors who actually isn’t done accumulating it’s still not right ti be buying and selling at the same time.

Except if you’re someone like me who has two separate portfolio, one which is not even 40% near my accumulation target and other which is usually compromised of buying during bearish periods and taking profit during bullish periods (maybe I am guilty of trading here). But basically the latter is similar to the profit price target you explained in this thread

[riscohen4]

Even though you aren't financial stable and your income isn't consistent there may still be a way you would adjust your spendings and invest in  a way that it wouldn't become a burden. If you adjust your spending or keep a low budget on non essentials it would help you save money to sustain your investments. Since you could saved a lot of money by slashing down budget on non essentials you can figures out a discretionary income and invest using dca. They won't be need to take on loan or invest money beyond your capacity because that is gambling. It is easier to sustain your bitcoin investment usin discretionary income for the long term than investing beyond discretionary income.

Unstable financial situation and uncertain income sometimes it happens by some people, and with everyone must have a desire to save then it must be damaged even with unstable financial circumstances and uncertain income the exact amount. With one of the ways you have mentioned, namely cutting expenses that are not so important because sometimes there are expenses that we don't realize but that affect our finances even though it is small if done frequently it will be felt too.

Moreover, if the investment has been carried out regularly but because of the unstable money situation, do not make the investment strike for a while until you get a stable income again, as much as possible it is better to be able to maintain and run the investment made with the DCA strategy that has been carried out.

Bitcoin investment only requires you to have a discretionary income and not a stable income which means that part of the reason why folks shouldn’t invest or pause/stop to invest in bitcoin is only if they are unable or struggling to sort out their basic financial needs or expenses and not really because the income is unstable for them because even people with unstable income can still invest in bitcoin if they could be able to from Time to time figure out a discretionary income to use for their bitcoin accumulation and hold either weekly or monthly basis depending on how they are able to figure out a discretionary income.  The DCA strategy is there to help people with unstable income not to totally pause or stop their investments halfway simply because they don’t have stable income as they can always be able to invest when they are able to figure out a discretionary income from time to time. Having a stable income doesn’t really means that you’ll be able to figure out a discretionary income from it but with a proper financial management skill even if the income is not stable one can still be able to invest in bitcoin with his discretionary income only.

This is so true, because you can’t expect a freelancer or contractor to be having one steady paycheck every month or week, that’s not how their life works. But that doesn’t mean they’re broke or can’t invest. they still get paid from gigs, and from there they can always pull out discretionary income and still invest in Bitcoin little by little.

So waiting until income becomes stable before starting is just delay if we’re tbh. It’s honestly just wasting time. Start with what you can, when you can, and keep it moving.

[Joy- maker]

First of all for anyone actually even thinking about any profit taking they might either have completed there accumulation period and could even be heading to over accumulation if not why would some one be considering even taking profit. I thread through the thread and sincerely it’s the perfect example of taking profit with price that I was actually interested in. Mind you for an investors who actually isn’t done accumulating it’s still not right ti be buying and selling at the same time.

Nobody is against taking profit from your Bitcoin investment, we only encourage you to continue holding your Bitcoin investment after reaching your accumulation target or over accumulation if you won't be needing the money anytime soon.

Because what is the point of selling your Bitcoin investment after achieving your Bitcoin portfolio target when you are not in need of money.

If you reach your accumulation target as a Bitcoin investor and you are not in need of your money, continue holding your bitcoin investment, if possible consider buying dips and adding to your existing bitcoin portfolio.

[Father111]

Some of the investors that i have came across with, is true that investors who make use of DCA method have the advantage of waiting for dip, to buy once using lump sum method to make use of chance of the dip, if you have reach their overaccumulation status and you decided to stop accumulating, this discussion just made to recall on what an investors told me about overaccumulation status and you don't need to keep accumulating, and that is why i suggested to say it out here to reaction about it, then i can learn from it too, it is a bad idea holding back bad impression that will misleading you in future.

A lot of investors actually don't get what the proper use of the DCA strategy with investing in bitcoin looks like, and this is just one of the misinterpretationa to it as you have it above. For bitcoin DCA-ing the investor doesn't have a specific time in the market to buy, in other words, he doesn't wait for the price dip before buying. IT'S A CONSISTENT PROCESS BASE ON YOUR CASH FLOW, of which the market price of bitcoin doesn't have to influence whether you'll have to buy or wait. You just buy, keep the accumulation process in motion without giving cognisance to price levels. You gat to work with a timeline, could be 6-8 years, 6-10 or as the case may be for the investor.

You indicate that my consistently buy is basically determined by my cash flow, over the time in this forum and the thread i came across, i was best to understand, not having cash flow doesn't stop any investors from buying and accumulate consistently. On the second note i understand that i don't have to wait for dip since I'm making use DCA method and providing my discretionary income is there to determines how far i can buy.

[The Founding Titan]

I believe investors will never be satisfied with their BTC holdings because if an investor's desire to accumulate Bitcoin continues, They will continue Buying over time. We see many examples of investors continually buying Bitcoin during rising and falling prices, aiming to accumulate more.

Sometimes, when they satisfied, they'll only buy when the price drops, But often, They become more Consistent buyers as they become more confident in their purpose.

Therefore, we must follow their lead by continually buying and holding. This way, we can change our future by the most valuable assets.

Continuous accumulation is good, that I agree... But yet again Bitcoin is more of a personal choice, and so when an individual is investing in it, the investment should be based on one's financial capacity, rather than it being based on the way others are doing it...

Coz truth be told, folks operates under different income levels, responsibilities and risk-level... And so consistent accumulation may not be possible for everyone considering their financial situation, and such an individual shouldn't recklessly force himself into consistent accumulation just coz he is trying to follow the lead of others like it is in your write-up... My point exactly is that folks could as well adopt a flexible method of investing or any other methods that very well align with their financial situation so that when doing it, they wouldn't put themselves under a lot of pressure, which could even lead to burn out while still in the process of their investments...

I get your point, but I don’t fully agree with  your idea of pushing emergency funds to the side. For a beginner, even a small emergency fund matters because it protects your investments from forced selling when life happens.

At the same time, I agree you don’t need to have everything before starting you learn as you go the important thing is to start simple, stay consistent, and improve over time. I believe one can start investing and building emergency fund together slowly  so  he doesn't have  to  build wealth under pressure.

If your discretionary income cannot fund your investment and your emergency fund at the same thing you should make effort to increase your discretionary income but that doesn't mean you should delay your investment simply because you can do it along side your emergency fund, so if you are in a position where you can only fund one then it's not completely our of the question for you to push saving for your emergency fund aside and concentrate more on your bitcoin accumulation, of course you should work to generate more discretionary income so you can also set up your emergency fund.

[Grace333]

First of all for anyone actually even thinking about any profit taking they might either have completed there accumulation period and could even be heading to over accumulation if not why would some one be considering even taking profit. I thread through the thread and sincerely it’s the perfect example of taking profit with price that I was actually interested in. Mind you for an investors who actually isn’t done accumulating it’s still not right ti be buying and selling at the same time.

Nobody is against taking profit from your Bitcoin investment, we only encourage you to continue holding your Bitcoin investment after reaching your accumulation target or over accumulation if you won't be needing the money anytime soon.

Because what is the point of selling your Bitcoin investment after achieving your Bitcoin portfolio target when you are not in need of money.

If you reach your accumulation target as a Bitcoin investor and you are not in need of your money, continue holding your bitcoin investment, if possible consider buying dips and adding to your existing bitcoin portfolio.

What's the point of investing into bitcoin for long term and after your investment in just sold everything and start investing again from scratch, instead why not continue holding your investment and the money you ought to use for investing from scratch you can put that money into what you would have sold the bitcoin for though it's might take a while to still accumulate to a tangible amount but even if you feel like selling you shouldn't sell off everything except it's a life or death situation. Anything aside that I'm not sure anyother thing would worth selling all your bitcoin besides the more you hold the more hedge you have over inflation.

[Floczy]

When an investor is continually using the DCA strategy he doesn't wait again for the dip before you can start accumulating because he is doing a regular accumulation this is the best part of the DCA strategy it kills the idea of waiting for the dip to accumulate, the advantage of the DCA strategy is that an investor don't have to wait for any dip because he is steadily accumulating both when the price of Bitcoin is low and when its also high.

DCA has been of a good advantage to many of us both the new investors or the old term investors we all are getting much benefit from DCA to be honest. With DCA strategy we can accumulate at any given price so far we keep up with the steady accumulation then we don’t need to worry about any lower lows or dips at all instead we see each deeper trends as an opportunity to accumulate more and more at some lower price.
 With DCA strategy the investment journey has been made easier because one don’t need to get worried about any market volatility or market drawbacks instead when such scenarios fall in place we see them as a big time opportunity but waiting for dips is a wreck-less move that will later get down to us. 

If we can buy consistently, then we will not only have to wait for opportunities, but through continuous investment, we will be able to take advantage of all kinds of opportunities. Those who only wait miss many investment opportunities because these investors do not understand where the next movement of the market will be, due to which they cannot buy at the right time, but those who invest consistently in the DCA investment strategy buy at every stage of the market, so when the market comes down relatively, the investors still have investment, and when the market goes up, these investors still have investment, so they do not miss any opportunity.

Sometimes it is seen that many people have enough money to invest, have enough time, but due to excessive thinking, they cannot invest. I think these investors always regret it. We have seen many such cases in the past where people have regretted not being able to invest, so now if there is opportunity and time, they should continue investing continuously. In order to continue investing continuously, an investor does not need much, but he needs some ideas about investment and discretionary income. 
When an investor has discretionary income, he or she will be able to continue investing consistently with that discretionary income.

In The use of DCA strategy I don't think there is such thing as opportunity,
You just have one job, which to invest regularly regardless of the state of the market

But what you can do regards to opportunity is to increase your investment at a favourable state of market, like during a dip etc.. you can just increase your investment at that moment more that regular because you know that the market is in a much better state that regular.
Your weekly or what ever time interval investment is still on and consistent regardless of the price, but when the price is in a better investment state you can increase your investment if you have enough discretionary income.

[New Judgement]

Some of the investors that i have came across with, is true that investors who make use of DCA method have the advantage of waiting for dip, to buy once using lump sum method to make use of chance of the dip, if you have reach their overaccumulation status and you decided to stop accumulating, this discussion just made to recall on what an investors told me about overaccumulation status and you don't need to keep accumulating, and that is why i suggested to say it out here to reaction about it, then i can learn from it too, it is a bad idea holding back bad impression that will misleading you in future.

A lot of investors actually don't get what the proper use of the DCA strategy with investing in bitcoin looks like, and this is just one of the misinterpretationa to it as you have it above. For bitcoin DCA-ing the investor doesn't have a specific time in the market to buy, in other words, he doesn't wait for the price dip before buying. IT'S A CONSISTENT PROCESS BASE ON YOUR CASH FLOW, of which the market price of bitcoin doesn't have to influence whether you'll have to buy or wait. You just buy, keep the accumulation process in motion without giving cognisance to price levels. You gat to work with a timeline, could be 6-8 years, 6-10 or as the case may be for the investor.

You indicate that my consistently buy is basically determined by my cash flow, over the time in this forum and the thread i came across, i was best to understand, not having cash flow doesn't stop any investors from buying and accumulate consistently. On the second note i understand that i don't have to wait for dip since I'm making use DCA method and providing my discretionary income is there to determines how far i can buy.

Not having steady cash flow doesn’t stop you from buying or accumulating bitcoin, it will only limit your ability of buying consistently, rather you will be buying periodically depending on when money flow into your hand, and you have discretionary funds left from the money that flow into your hand on periodic basis.

[B-BossMan]

And on the withdrawal side too, sustainable rate isn’t a fixed guarantee either, it all depends on how the market performs over time, so it still needs to be flexible and reviewed, not treated as something static.

I think that my system is pretty good.. and sustainable... maybe you should work through the numbers.. and of course if someone does not know what they are doing and they are calculating based on the spot price and making a large number of rookie mistakes then they probably will not be able to get into a sustainable withdrawal system.

You are making comments like you have no fucking clue, and surely if you are in your early bitcoin accumulation phases, you might not have had even worked out the numbers.. Maybe you want to project out your own various scenarios to consider possibilities?  and of course, you projections make more sense when you have been employing them for a while.

I have mentioned several times that guys who front load their bitcoin investments are much more likely to get close to getting to overaccumulation status as compared with guys who do not, yet each of us has to deal with our own abilities, and some guys cannot front load their investment, and if they are investing 5% to 10% of their income into bitcoin, then it will take them 10 to 20 years just to get 1 year income into bitcoin, so they are going to be much disadvantaged as compared with guys who might be able to invest between 15% to 25% or even more of their income into bitcoin which puts them at 4-7 years to put one year's income into bitcoin. 

We should be controlling what we can rather than what we cannot control, and each of us can figure out what we believe is best in terms of how aggressive we are able to be with our bitcoin accumulation within our own ongoing circumstances that are likely changing with the passage of time, and it can take a long ass time to both build wealth and also to recognize ways to utilize wealth that has been built without getting overly distracted into doing dumb shit along the way... and yeah, of course the outcome is not guaranteed, yet guys still have to figure out within their resources what they are going to do in order to help them to have better chances of success as compared with not... and, for sure there are all kinds of examples of guys who worked their asses off their whole life and they still ended up not being able to stop working.. .. some of that may have been due to various mistakes along the way or maybe errors in their management, and so we cannot expect to not go through various mistakes along the way, even if we might ongoingly have goals to build and to make sure that our expectations are realistic.

Good.....in overall, i will described these a well practicing self control over an error or unexpected mistakes while accumulating Bitcoin. You are right and I must agree with you that, the key point is deciding how aggressive one should be, based on thier personal situation, knowing and believing that those situations or circumstances will keep changing over time,it’s true that building a meaningful wealth is not easy or it never a quick process, it sometimes takes many years for some people being consistent efforts,and and even more longer to learn how to manage it and use that wealth wisely without falling into dumb decisions. However, sometimes even if some people does many  things right, the financial independence is not guaranteed actually, some people truly work hard thier entire lives and still be struggling due to poor financial management. That’s why one must expect mistakes at the process, not hopeless, the real goal is to keep learning,stay disciplined and adjusting our bitcoin investment strategy.

Moreover, people should actually focus on what they can control, thier cashflow and avoiding out of impatience, they should also keep refining thier approaches so that thier chances of success will be stronger than if they did nothing at all.

[Mandoy]

First of all for anyone actually even thinking about any profit taking they might either have completed there accumulation period and could even be heading to over accumulation if not why would some one be considering even taking profit. I thread through the thread and sincerely it’s the perfect example of taking profit with price that I was actually interested in. Mind you for an investors who actually isn’t done accumulating it’s still not right ti be buying and selling at the same time.

Nobody is against taking profit from your Bitcoin investment, we only encourage you to continue holding your Bitcoin investment after reaching your accumulation target or over accumulation if you won't be needing the money anytime soon.

Because what is the point of selling your Bitcoin investment after achieving your Bitcoin portfolio target when you are not in need of money.

If you reach your accumulation target as a Bitcoin investor and you are not in need of your money, continue holding your bitcoin investment, if possible consider buying dips and adding to your existing bitcoin portfolio.

What's the point of investing into bitcoin for long term and after your investment in just sold everything and start investing again from scratch, instead why not continue holding your investment and the money you ought to use for investing from scratch you can put that money into what you would have sold the bitcoin for though it's might take a while to still accumulate to a tangible amount but even if you feel like selling you shouldn't sell off everything except it's a life or death situation. Anything aside that I'm not sure anyother thing would worth selling all your bitcoin besides the more you hold the more hedge you have over inflation.

I support the fact that it is not wrong to take the profit, but Bitcoin investors should not sell all they have made after they have reached their target. Patience and long-term holding is the actual strength of the Bitcoin investment. When one is not under any financial crisis, it will be more sensible to hold on to a good portion of the holdings than to be starting accumulation again later starting with zero. It is not surprising to sell part of it due to urgent needs or to have benefits but a complete exit of the market may become a regret in case Bitcoin gains more momentum after the sale. Cyclical holding is the difference between long-term investors and short-term traders.

[Charcol]

I believe investors will never be satisfied with their BTC holdings because if an investor's desire to accumulate Bitcoin continues, They will continue Buying over time. We see many examples of investors continually buying Bitcoin during rising and falling prices, aiming to accumulate more.

Sometimes, when they satisfied, they'll only buy when the price drops, But often, They become more Consistent buyers as they become more confident in their purpose.

Therefore, we must follow their lead by continually buying and holding. This way, we can change our future by the most valuable assets.

Coz truth be told, folks operates under different income levels, responsibilities and risk-level... And so consistent accumulation may not be possible for everyone considering their financial situation,

I hope you don't mean by continuity that you have to invest within a specific week or month, otherwise there will be no continuity. Because many people think that continuity means that you have to invest every week or month. Continuity does not mean saving in a notebook for a specific week or month, rather continuity means that we may be buying weekly, but suddenly due to financial crisis, we can postpone it for a while, but we are not stopping it completely. I don't think it would be bad to postpone investment for some time considering your own situation. Rather, it is better to invest considering your own financial situation. However, it is also important to remember that continuity means not stopping investment completely.

Continuous accumulation is good, that I agree... But yet again Bitcoin is more of a personal choice, and so when an individual is investing in it, the investment should be based on one's financial capacity, rather than it being based on the way others are doing it...

Coz truth be told, folks operates under different income levels, responsibilities and risk-level... And so consistent accumulation may not be possible for everyone considering their financial situation, and such an individual shouldn't recklessly force himself into consistent accumulation just coz he is trying to follow the lead of others like it is in your write-up... My point exactly is that folks could as well adopt a flexible method of investing or any other methods that very well align with their financial situation so that when doing it, they wouldn't put themselves under a lot of pressure, which could even lead to burn out while still in the process of their investments...

I get your point, but I don’t fully agree with  your idea of pushing emergency funds to the side. For a beginner, even a small emergency fund matters because it protects your investments from forced selling when life happens.

@Grease5000 You seem to be getting it wrong somewhere. @Joeboy didn't mention the idea of ​​setting aside emergency funds anywhere in his post. You were probably trying to quote someone else.

[JayJuanGee]

Even though you aren't financial stable and your income isn't consistent there may still be a way you would adjust your spendings and invest in  a way that it wouldn't become a burden. If you adjust your spending or keep a low budget on non essentials it would help you save money to sustain your investments. Since you could saved a lot of money by slashing down budget on non essentials you can figures out a discretionary income and invest using dca. They won't be need to take on loan or invest money beyond your capacity because that is gambling. It is easier to sustain your bitcoin investment usin discretionary income for the long term than investing beyond discretionary income.

Unstable financial situation and uncertain income sometimes it happens by some people, and with everyone must have a desire to save then it must be damaged even with unstable financial circumstances and uncertain income the exact amount. With one of the ways you have mentioned, namely cutting expenses that are not so important because sometimes there are expenses that we don't realize but that affect our finances even though it is small if done frequently it will be felt too.

Moreover, if the investment has been carried out regularly but because of the unstable money situation, do not make the investment strike for a while until you get a stable income again, as much as possible it is better to be able to maintain and run the investment made with the DCA strategy that has been carried out.

Bitcoin investment only requires you to have a discretionary income and not a stable income which means that part of the reason why folks shouldn’t invest or pause/stop to invest in bitcoin is only if they are unable or struggling to sort out their basic financial needs or expenses and not really because the income is unstable for them because even people with unstable income can still invest in bitcoin if they could be able to from Time to time figure out a discretionary income to use for their bitcoin accumulation and hold either weekly or monthly basis depending on how they are able to figure out a discretionary income.  The DCA strategy is there to help people with unstable income not to totally pause or stop their investments halfway simply because they don’t have stable income as they can always be able to invest when they are able to figure out a discretionary income from time to time. Having a stable income doesn’t really means that you’ll be able to figure out a discretionary income from it but with a proper financial management skill even if the income is not stable one can still be able to invest in bitcoin with his discretionary income only.

It is better to have stable income rather than not having stable income, even though having stable income is not a prerequisite for getting started buying up bitcoin and even buying bitcoin on a regular basis.

At the same time, it does not seem very likely or easy for anyone to really sustain buying bitcoin for extended periods or even to have an investment timeline that is 4-10 years or longer if he is not figuring out ways to try to either get regular income or perhaps to get high income when he is working - otherwise he may well be investing from his savings (ie reserve funds), which may well end up running out if income does not come in on a regular enough basis to buttress up whatever funds the guy had been using to buy bitcoin.

For sure, sometimes guys have regular income that is not adequate, yet if they are not able to get higher paying jobs, then they have to deal with what they have, and try to figure out ways to increase their income so that they end up having extra income to be able to invest into bitcoin in such a way that they will be able to build and hold their bitcoin for 4-10 years or longer, and yeah, many times, the timeline would end up playing out to be 10 years or longer, since it tends to take so much time to build up a bitcon stash.. and guys who have shorter than 10 year investment timelines may well be guys who are older or have health issues - otherwise we should be trying to consider bitcoin as a kind  of life time investment that we need to maintain some level of bitcoin holdings, and better if we can build our bitcoin holdings up to a decently good size through ongoing buying techniques... unless we might have some abilities to front load our bitcoin investment, which would also be a good thing for guys who are able to accomplish front loading of their bitcoin stash and cutting down on some of the time that it may well otherwise take if they are merely having to build from their regular income (and their discretionary funds) that tend to be difficult for many guys to even be in a position to be able to ongoingly invest more than 10% of their income into bitcoin (of course from their discretionary funds)..

My statement on having specific profit target is for one who is looking to actually take profit on the bitcoin at certain period of time (I am not a fan of cashing out profit everything because realistically it’s save with bitcoin than in fiat) but just in case the investor wishes to take a little profit then they can actually also look into price target as alternative to time base target. For example if you have an average bitcoin buy price of $30k you can decide to take some profit at probably above $100k but minding that this could take a whole one cycle to reach (4 years) this to me will eliminate procrastination when trying to take off profit.

You still sound distracted by trading ideas, even though I am not opposed to price-based sustainable withdrawal (as I outline in my thread), which from a general perspective would allow the selling of up to 10% of the bitcoin stash every time the bitcoin price doubles, yet I think that those price based sustainable withdrawal tactics work much better if a person is no longer in his bitcoin accumulation phase... since if a guy is buying and selling at the same time, that seems to cause a wrong kind of a mindset.

First of all for anyone actually even thinking about any profit taking they might either have completed there accumulation period and could even be heading to over accumulation if not why would some one be considering even taking profit. I thread through the thread and sincerely it’s the perfect example of taking profit with price that I was actually interested in. Mind you for an investors who actually isn’t done accumulating it’s still not right ti be buying and selling at the same time.

Except if you’re someone like me who has two separate portfolio, one which is not even 40% near my accumulation target and other which is usually compromised of buying during bearish periods and taking profit during bullish periods (maybe I am guilty of trading here). But basically the latter is similar to the profit price target you explained in this thread

what I frequently suggest is that anyone who is going to get distracted into trading and/or shitcoins, then hopefully they are not engaging in such conduct with more than 10% of the time, value and energy that they are putting into bitcoin.

Of course, you can do what you want and to figure out your maximums how you like, even if we are not talking about trading and/or shitcoins in this thread.

Another thing that I discuss, for guys who might be getting at or near their overaccumulation status, there might be ways to start to employ price based sustainable withdrawal.. but yeah, it can be harder to justify if guys had not reached overaccumulation status - and I will even admit that my own definition of overaccumulation status had changed over they years so I hate to be too over judgemental if some guys might end up putting 1-2 years or more of the size of their income (or their expenses) into bitcoin in less than 4 years or otherwise front loaded their investment into bitcoin with significant amounts of value, perhaps reallocating from other investments that they might have or if they might otherwise come accross a lot of money by inheritance or winning the lottery or some other kinds of great accumulation of wealth that might have had contributed to their decision to front load a lot of value into bitcoin in a short period of time.

Let's say, for example, a guy had been investing around $100 per week into bitcoin between early 2020 and early 2023, and so he had invested around $17k, and accumulated right around 0.92 BTC. Maybe the guy had an income that was around $30k per year. 

Let's say that all of a sudden, in early 2023 (maybe around the time of your forum registration in April) the guy discovered that he had had received $100k inheritance, so then maybe over 2023, he may end up investing all or most of that $100k into bitcoin, and he continued with his $100 per week DCA too, adn maybe he would buy some BTC right away with the $100k, and then DCA some of it over the next six months, and maybe buy on the dip with some of it over  the next 6 months, too, and so maybe with that extra $100k and with his regular DCA he ended up accumulating another 4.2 BTC by Novemeber 2023..

So by November 2023, he had accumulated a total of 0.92 BTC and 4.52 BTC, which would be 5.44 BTC, yet maybe the guy still was not sure if he had enough bitcoin, and so between November 2023 and now he continued to accumulate $100 per week of bitcoin which caused him another $13k invested and another 0.2 BTC .. so now he has 5.64 BTC.. and maybe he is starting to feel that he has enough bitcoin. Perhaps?

Whether he might want to trade with some of it, or continue to accumulate more is optional.  Perhaps when he started buying bitcoin in 2020, he was in his mid-30s, and so now he is around 43 years old, and so he is not very old, but he is not sure if he has enough to stop working.. so maybe he does still need to continue to accumulate bitcoin for a few more years, even though he was very fortunate in how much bitcoin he had been able to accumulate in a relatively short period of time, relative to his income he was able to invest around 4x his income in around 6 years.. .so that gives him more options, even though it might not be a good idea to try to trade much if any of it (or to get involved in shitcoins would be even dumber).
 
By the way, right now, 5.64 BTC would allow the guy to withdraw at around $34k per year in a sustainable way, so he would be able to quit his job and replace his current income, even though he may well want to either accumulate more or to just create a bit more of a cushion, so maybe not quitting his job until his quantity of bitcoin would allow him to support around a $60k per year sustainable income with a 7% raise in dollar terms each year.

Guys have to make these kinds of choices and make sure that they are also comfortable with the calculation in regards to how to transition from accumulating bitcoin and into starting to withdraw from their bitcoin stash.

[KawasakiNinja1_]

Even though you aren't financial stable and your income isn't consistent there may still be a way you would adjust your spendings and invest in  a way that it wouldn't become a burden. If you adjust your spending or keep a low budget on non essentials it would help you save money to sustain your investments. Since you could saved a lot of money by slashing down budget on non essentials you can figures out a discretionary income and invest using dca. They won't be need to take on loan or invest money beyond your capacity because that is gambling. It is easier to sustain your bitcoin investment usin discretionary income for the long term than investing beyond discretionary income.

Unstable financial situation and uncertain income sometimes it happens by some people, and with everyone must have a desire to save then it must be damaged even with unstable financial circumstances and uncertain income the exact amount. With one of the ways you have mentioned, namely cutting expenses that are not so important because sometimes there are expenses that we don't realize but that affect our finances even though it is small if done frequently it will be felt too.

Moreover, if the investment has been carried out regularly but because of the unstable money situation, do not make the investment strike for a while until you get a stable income again, as much as possible it is better to be able to maintain and run the investment made with the DCA strategy that has been carried out.

Bitcoin investment only requires you to have a discretionary income and not a stable income which means that part of the reason why folks shouldn’t invest or pause/stop to invest in bitcoin is only if they are unable or struggling to sort out their basic financial needs or expenses and not really because the income is unstable for them because even people with unstable income can still invest in bitcoin if they could be able to from Time to time figure out a discretionary income to use for their bitcoin accumulation and hold either weekly or monthly basis depending on how they are able to figure out a discretionary income.  The DCA strategy is there to help people with unstable income not to totally pause or stop their investments halfway simply because they don’t have stable income as they can always be able to invest when they are able to figure out a discretionary income from time to time. Having a stable income doesn’t really means that you’ll be able to figure out a discretionary income from it but with a proper financial management skill even if the income is not stable one can still be able to invest in bitcoin with his discretionary income only.

This is so true, because you can’t expect a freelancer or contractor to be having one steady paycheck every month or week, that’s not how their life works. But that doesn’t mean they’re broke or can’t invest. they still get paid from gigs, and from there they can always pull out discretionary income and still invest in Bitcoin little by little.

So waiting until income becomes stable before starting is just delay if we’re tbh. It’s honestly just wasting time. Start with what you can, when you can, and keep it moving.

In short, I would like to say that if you have a discretionary income of at least (five/eight /ten extra) in your country's local currency at the end of the month, regardless of the profession you are involved in, such as a freelancer or contractor, then consider investing that as well.

In fact, as far as I understand and know, everyone can buy a few satoshis by investing in BTC, so $5 can probably buy a much larger amount of satoshis if the income is low. So this is just one example of how waiting for income to stabilize is just too late because by then Bitcoin will have come a long way.

[Barikui1]

I support the fact that it is not wrong to take the profit, but Bitcoin investors should not sell all they have made after they have reached their target. Patience and long-term holding is the actual strength of the Bitcoin investment. When one is not under any financial crisis, it will be more sensible to hold on to a good portion of the holdings than to be starting accumulation again later starting with zero. It is not surprising to sell part of it due to urgent needs or to have benefits but a complete exit of the market may become a regret in case Bitcoin gains more momentum after the sale. Cyclical holding is the difference between long-term investors and short-term traders.

Taking profit from your Bitcoin investment should only be considered when you have gotten to your over accumulation status, and while taking profit from it, make sure that you do it in a way that it doesn't take you out of your over accumulation status, that way, you will still be in a more secure or comfortable position financially than when you sell everything off.

 I agree with you on your sentiment that selling everything and becoming a no coiner overnight is absolutely wrong, because you might never be able to accumulate such a stash of Bitcoin again in the future, since you will not have such leverage of time or you may not have the enthusiasm to continue accumulation after that, because you will now be buying a smaller unit of Bitcoin at a very expensive price, so it's a practice we should never do, no matter what.
 

[cyberninja2]

It is better to have stable income rather than not having stable income, even though having stable income is not a prerequisite for getting started buying up bitcoin and even buying bitcoin on a regular basis.
At the same time, it does not seem very likely or easy for anyone to really sustain buying bitcoin for extended periods or even to have an investment timeline that is 4-10 years or longer if he is not figuring out ways to try to either get regular income or perhaps to get high income when he is working - otherwise he may well be investing from his savings (ie reserve funds), which may well end up running out if income does not come in on a regular enough basis to buttress up whatever funds the guy had been using to buy bitcoin.

And this is something that is mandatory in having a stable income even if it's a small or large amount. Clearly having a stable income will make it easier for someone to determine their needs even though it's not a primary requirement for starting or buying Bitcoin by accumulating Bitcoin weekly or monthly. Having a stable income will certainly give someone direction and goals in determining what to do with their personal needs or interests.

The primary goal for someone investing in Bitcoin long-term is to have a stable income. This is one way to maintain their existing Bitcoin investment eliminating the need to worry about selling. Having a stable income serves as a buffer during difficult times. Therefore when in need this income should not immediately sell what they already have but rather a way to hold on to their existing holdings. Therefore investing in Bitcoin for a long period of time requires a stable income even if they don't make any further purchases. I believe having a stable income is a key factor in saving their existing Bitcoin from selling. This indicates that a stable weekly or monthly income will make it easier for someone to preserve their long-term investment which has been invested for 4-8 years. This is not a short period but a considerable amount of time.

[Qhunman]

It is better to have stable income rather than not having stable income, even though having stable income is not a prerequisite for getting started buying up bitcoin and even buying bitcoin on a regular basis.
At the same time, it does not seem very likely or easy for anyone to really sustain buying bitcoin for extended periods or even to have an investment timeline that is 4-10 years or longer if he is not figuring out ways to try to either get regular income or perhaps to get high income when he is working - otherwise he may well be investing from his savings (ie reserve funds), which may well end up running out if income does not come in on a regular enough basis to buttress up whatever funds the guy had been using to buy bitcoin.

Having a stable income is better because it would help an Investor to have steady discretionary income . Without a stable income an investor would find it difficult to secure discretionary income to buy bitcoin at regular basis. However an investor can get started without having a stable income but it is better he has one because it would help him figure out discretionary income consistently over the next 4-10 years or more.  investors without a stable income mustn't invest if they don't have discretionary income,they should wait until their next income arrives so that they can figure out discretionary income from there.