JJG’s Outline of Bitcoin Investment Ideas

[Alonso_]

Owing debts doesn't stop Bitcoin investment as long as you have discretionary income left and your expenses are taken care of.
The only time you don't get to invest is when you don't have discretionary income left after taking care of your expenses or your income is barely enough to settle your necessary expenses. But if otherwise then there's no reason to delay your investment just because you're owing debts.

That is very true, owing debt doesn’t stop an investor from investing in Bitcoin, considering that you have a discretionary income, in as much as you have a discretionary income leftover money after paying for your bills and expenses then you have serviced your loans or whatever money that you’re owing, and you have a discretionary income then you can invest and buy bitcoin as soon as possible.

But if after paying for your expenses and bills and you don’t have a leftover money discretionary income then I after servicing your loans then it would be impossible to investing in bitcoin.

The best thing to do is take care of your expenses and bills then after that you can service your loans, and keep buying bitcoin, when you are done with paying for your loans then you can be buying bitcoin on a more consistent and regular basis.

[Big Dirams]

In life there must always be a challenge or challenges wether we like it or not because life is not a bed of roses though some people seems not to have any challenge or trouble that is because of how they have prepared themselves to overcome challenge without making it look like there was... I'm not a fan of loan but there are time or period it can be necessary and if you have a means you can use to offset it later then going for a loan is not really a bad idea even institutions, organization and private individual do take loan so the most important thing is having a means to repay.

  At times in someone's life one needs to take some risk that are worth taking. Applying for loan is something i try my possible best to neglect as a man but at times to get somethings done very quickly we definitely need high amount of funds which we know our salary or wages would not be enough for it. And basically am not talking about bitcoin invesment alone just giving instance on real life scenarior.
   life is full of challenges so we should always be ready for what so ever life might shoot against us. we can be in debts and still move along with our bitcoin investment  so far our discretionary income are in check.

[UpTober]

I know a guy who got into a bit of a battle with his wife over some spending that he had done, including his having had bought a vehicle that was somewhat luxurious (in accounting for their family budget) and he was also known to engage in those kinds of questionable financial decisions and bad judgement, and so when some further increases in expenses and loss of income came to them, he was pretty much forced to sell the vehicle within a fairly short period of time after buying it, and even having to take a pretty large loss in terms of how much he bought it for and how much he was able to sell it for.  This guy is still struggling with his judgement and his being able to figure out reasonable and practical priorities.. to both increase his income and/or to keep his expenses within reasonable boundaries of his expenses.  Frequently there can be some value in terms of going through current income/expenses and then projecting income/expenses into the future, and figure out how to deal with such matters to try to make sure that spending is less than income, and even though sometimes there could be some faster remedy in which the income goes up, yet there still can be limitations  in regards to how much the income is able to go up based on considerations of age, health, skills and even willingness to do certain kinds of work or even willingness to train for new work or to take other actions that might result in better future income expectations.

There are many such people in real life, although they will not always admit the truth. Lifestyle inflation and emotional spending can slowly destroy long-term financial stability, especially when someone starts thinking of temporary income as permanent income and when the temporary income stops, they get a big shock later.

 In real life, there are many examples where people's financial problems are not only due to accounts but also due to some common behaviors of many people but financial problems are created, such as, some like to shop excessively, some like to eat out excessively, and some people have such characteristics that they like to show off and these things worsen a person's financial situation.

The thing you mentioned about projecting income and expense for the future is very important. There are many people who make various decisions only considering the current cash flow, but if they did not think only about the present but also thought about the future, i.e. their medical expenses may increase in the future or their income may decrease in the future or more money may be spent in some other sector in the future. If they spend money or make decisions on these matters by thinking about these, then they will be able to survive even during financially difficult situations.

Many people may suggest that since expenses are increasing, try to increase your income, but as we say it in a simple way, actually increasing your income is not that easy because people's workplaces are decreasing day by day and you have to fight a lot for a position. So even if you try, you cannot actually create multiple sources of income due to time, age, and skills. Therefore, the most correct decision would be to reduce expenses and eliminate bad habits from your life.

[nara1892]

Sometimes lower interest loans can be taken out to pay off higher interest loans, yet otherwise I agree that if a person had put himself into a messy situation, then he should have goals to make progress towards getting himself outside of the mess and to otherwise improve his cashflow management and/or investment practices.

I agree with your opinion about borrowing money at a lower interest rate to pay off a high interest debt. This will help you get out of high interest faster and also give you peace of mind because your bill won't be so high at the end of the month. However, one thing I'd like to emphasize here is that when you take out a low interest loan to pay off your previous debt, don't let your lifestyle change. That is, don't let your expenses increase because you feel like you have the money. Focus the loan money on paying off the debt first.
However, there are actually other options you can take without going back into debt increasing your income by taking on a part time job. I recommend this if possible.

[abaeze]

In life there must always be a challenge or challenges wether we like it or not because life is not a bed of roses though some people seems not to have any challenge or trouble that is because of how they have prepared themselves to overcome challenge without making it look like there was... I'm not a fan of loan but there are time or period it can be necessary and if you have a means you can use to offset it later then going for a loan is not really a bad idea even institutions, organization and private individual do take loan so the most important thing is having a means to repay.

  At times in someone's life one needs to take some risk that are worth taking. Applying for loan is something i try my possible best to neglect as a man but at times to get somethings done very quickly we definitely need high amount of funds which we know our salary or wages would not be enough for it. And basically am not talking about bitcoin invesment alone just giving instance on real life scenarior.
   life is full of challenges so we should always be ready for what so ever life might shoot against us. we can be in debts and still move along with our bitcoin investment  so far our discretionary income are in check.

Many organizations use debt to expand their operations or take advantage of opportunities, it is true, but for ordinary people, it can be like gambling if it does not work according to the right plan. In that case, investing in volatile assets like Bitcoin with debt is even more dangerous.
Although some people or organizations have been doing this kind of work very perfectly, which is very famous on social media, but it is very easy for large organizations because they have the ability to recover losses.That does not mean that investing with debt cannot be done, but it can be done if there is a financial condition to repay the debt or its ability.
However, investing with long-term debt can be a trap for ordinary people. Therefore, investing in Bitcoin with short-term debt (which is repayable) is better called aggressive investment rather than a normal investment. In that case, if your ability and plan do not work perfectly, it will become an emotional investment. So if the loan is in a safe amount and there is a real repayment plan, then you can invest with debt if necessary.

[Hardyrobust]

In life there must always be a challenge or challenges wether we like it or not because life is not a bed of roses though some people seems not to have any challenge or trouble that is because of how they have prepared themselves to overcome challenge without making it look like there was... I'm not a fan of loan but there are time or period it can be necessary and if you have a means you can use to offset it later then going for a loan is not really a bad idea even institutions, organization and private individual do take loan so the most important thing is having a means to repay.

  At times in someone's life one needs to take some risk that are worth taking. Applying for loan is something i try my possible best to neglect as a man but at times to get somethings done very quickly we definitely need high amount of funds which we know our salary or wages would not be enough for it. And basically am not talking about bitcoin invesment alone just giving instance on real life scenarior.
   life is full of challenges so we should always be ready for what so ever life might shoot against us. we can be in debts and still move along with our bitcoin investment  so far our discretionary income are in check.

It is not a good idea to take loan to invest in bitcoin and then to become a debtor. Taking loan without any plans on how to salvage the loan in the future is very wrong. As for bitcoin investment,  you don't need to be carried all in the name of wanting to increase the stash of bitcoin in your bitcoin holdings by going to take loan and then end up putting oneself into tight corner or unnecessary pressure.

[Grease5000]

Sometimes lower interest loans can be taken out to pay off higher interest loans, yet otherwise I agree that if a person had put himself into a messy situation, then he should have goals to make progress towards getting himself outside of the mess and to otherwise improve his cashflow management and/or investment practices.

I agree with your opinion about borrowing money at a lower interest rate to pay off a high interest debt. This will help you get out of high interest faster and also give you peace of mind because your bill won't be so high at the end of the month. However, one thing I'd like to emphasize here is that when you take out a low interest loan to pay off your previous debt, don't let your lifestyle change. That is, don't let your expenses increase because you feel like you have the money. Focus the loan money on paying off the debt first.
However, there are actually other options you can take without going back into debt increasing your income by taking on a part time job. I recommend this if possible.

you makes a valid point about using lower-interest loans to clear higher ones  that can help if it’s done carefully. But the bigger issue is the habit that got him there in the first place. If he doesn’t fix his cash flow and decision making, he may just end up repeating the same cycle.

So yes, restructuring debt can help short term, but real progress comes when he focuses on better money management and discipline going forward.

[Bigjoe33]

Owing debts doesn't stop Bitcoin investment as long as you have discretionary income left and your expenses are taken care of.
The only time you don't get to invest is when you don't have discretionary income left after taking care of your expenses or your income is barely enough to settle your necessary expenses. But if otherwise then there's no reason to delay your investment just because you're owing debts.

That is very true, owing debt doesn’t stop an investor from investing in Bitcoin, considering that you have a discretionary income, in as much as you have a discretionary income leftover money after paying for your bills and expenses then you have serviced your loans or whatever money that you’re owing, and you have a discretionary income then you can invest and buy bitcoin as soon as possible.

But if after paying for your expenses and bills and you don’t have a leftover money discretionary income then I after servicing your loans then it would be impossible to investing in bitcoin.

The best thing to do is take care of your expenses and bills then after that you can service your loans, and keep buying bitcoin, when you are done with paying for your loans then you can be buying bitcoin on a more consistent and regular basis.

I think it's not okay for one to get serious with accumulation of Bitcoin while your debt is due and reading or interest increasing, or ignoring your basic necessities and aggressively accumulating Bitcoin. Such acts will only return you to square zero when the pressure mounts up. That's even why it is advisable to just invest within your means and avoid borrowing to invest. Some investors have borrowed to invest just because some persons have gone ahead of them, or they want to be aggressively involved in the market while neglecting there basic needs. So its best to buy within your means, and not out your investment at risk buy borrowing unnecessarily or buying aggressively when you don't have extra funds to do it

[Livingleged]

Owing debts doesn't stop Bitcoin investment as long as you have discretionary income left and your expenses are taken care of.
The only time you don't get to invest is when you don't have discretionary income left after taking care of your expenses or your income is barely enough to settle your necessary expenses. But if otherwise then there's no reason to delay your investment just because you're owing debts.

That is very true, owing debt doesn’t stop an investor from investing in Bitcoin, considering that you have a discretionary income, in as much as you have a discretionary income leftover money after paying for your bills and expenses then you have serviced your loans or whatever money that you’re owing, and you have a discretionary income then you can invest and buy bitcoin as soon as possible.

But if after paying for your expenses and bills and you don’t have a leftover money discretionary income then I after servicing your loans then it would be impossible to investing in bitcoin.

The best thing to do is take care of your expenses and bills then after that you can service your loans, and keep buying bitcoin, when you are done with paying for your loans then you can be buying bitcoin on a more consistent and regular basis.

I think it's not okay for one to get serious with accumulation of Bitcoin while your debt is due and reading or interest increasing, or ignoring your basic necessities and aggressively accumulating Bitcoin. Such acts will only return you to square zero when the pressure mounts up. That's even why it is advisable to just invest within your means and avoid borrowing to invest. Some investors have borrowed to invest just because some persons have gone ahead of them, or they want to be aggressively involved in the market while neglecting there basic needs. So its best to buy within your means, and not out your investment at risk buy borrowing unnecessarily or buying aggressively when you don't have extra funds to do it

Sometimes it’s not just about the debt and the huge interest on them that makes people fear to invest at that moment, it’s lack of proper plan to get those debt paid. in as much as your earnings can cover for the payment plans set agreed between two parties, and you still have something left after you’ve cover for your basic expenses, then you don’t have no reason not to invest. I use to think just like you before but now, I think like a proper investor who prioritize invest regardless whether you’re on high interest loan. As long as you have made plans of payment periodically and that will not affect your other expenses after paying the amount set each month or the timeline you both agreed, then it means you’ve discretionary income which allows you to invest without panic or fear. The only reason you don’t have to invest is if your earnings only cover for the loan part payment and nothing is left after your basic expense,  then you shouldn’t invest at that time .

[Barikui1]

It is not a good idea to take loan to invest in bitcoin and then to become a debtor. Taking loan without any plans on how to salvage the loan in the future is very wrong. As for bitcoin investment,  you don't need to be carried all in the name of wanting to increase the stash of bitcoin in your bitcoin holdings by going to take loan and then end up putting oneself into tight corner or unnecessary pressure.

Taking a loan to invest in Bitcoin is not a bad idea if you have other means of repaying back the loan, and your ability to pay back the loan doesn't depends on the final outcome of your investment. And in addition to that, if the interest of the loan is on the lower side, then it's too good to turn down.

If you have an idea of good debt, then you wouldn't entirely think that it's a bad idea to borrow money to invest in Bitcoin, when you know that you can easily repay it from another source, because before a Bitcoin investor borrows money to invest, it may be that he wants to leverage on a situation at that particular time, not that he is in need financially.

[The Founding Titan]

Sometimes lower interest loans can be taken out to pay off higher interest loans, yet otherwise I agree that if a person had put himself into a messy situation, then he should have goals to make progress towards getting himself outside of the mess and to otherwise improve his cashflow management and/or investment practices.

I agree with your opinion about borrowing money at a lower interest rate to pay off a high interest debt. This will help you get out of high interest faster and also give you peace of mind because your bill won't be so high at the end of the month. However, one thing I'd like to emphasize here is that when you take out a low interest loan to pay off your previous debt, don't let your lifestyle change. That is, don't let your expenses increase because you feel like you have the money. Focus the loan money on paying off the debt first.
However, there are actually other options you can take without going back into debt increasing your income by taking on a part time job. I recommend this if possible.

I don't think anyone 2ill take a loan just for it, they already took the first loan and the second low interest loan is to pay back the first, common sense is enough to tell a person to use the loan only for what it was taken for, anything outside that and the person is already lacking in common sense.
Also anyone taking a low interest loan to pay for a high interest loan should ensure to do thst only if it's their last resort,  its pointless to use a loan to pay for a loan when you can pay for it another way, it's an added risk that should not be taken unless neccessary.

[B2Z]

Owing debts doesn't stop Bitcoin investment as long as you have discretionary income left and your expenses are taken care of.
The only time you don't get to invest is when you don't have discretionary income left after taking care of your expenses or your income is barely enough to settle your necessary expenses. But if otherwise then there's no reason to delay your investment just because you're owing debts.

That is very true, owing debt doesn’t stop an investor from investing in Bitcoin, considering that you have a discretionary income, in as much as you have a discretionary income leftover money after paying for your bills and expenses then you have serviced your loans or whatever money that you’re owing, and you have a discretionary income then you can invest and buy bitcoin as soon as possible.

But if after paying for your expenses and bills and you don’t have a leftover money discretionary income then I after servicing your loans then it would be impossible to investing in bitcoin.

The best thing to do is take care of your expenses and bills then after that you can service your loans, and keep buying bitcoin, when you are done with paying for your loans then you can be buying bitcoin on a more consistent and regular basis.

It is not just that the person has debt that he cannot invest, but if the person has the ability to repay the debt and also has the ability to meet other needs and if he has discretionary income after meeting other needs, then he can definitely invest.

Investment should never be taken as financial pressure, so that the investor never takes investment as financial pressure, that is why the investor is always asked to invest from discretionary income. Yes, sometimes there are many such incidents where many investors consider their investment as pressure and considering the pressure, they want to come out of this pressure, that is, they want to come out of the investment. Those who do this, however, take the wrong decision very quickly. We have to handle everything smartly without considering investment as pressure, that is, if the investor understands his income and expenses and understands them, if he spends them and if he sees that he has money left after meeting all the needs, then he should take an investment decision. If after investing without any kind of plan, suddenly he has to sell the investment, then such unplanned investment does not actually serve any purpose of the investor. 
If the investor has to pay all types of bills and installments at the same time, and if the investor has this ability, then this investor will definitely be able to maintain continuity of investment for a long time.

[Brizi5000]

Owing debts doesn't stop Bitcoin investment as long as you have discretionary income left and your expenses are taken care of.
The only time you don't get to invest is when you don't have discretionary income left after taking care of your expenses or your income is barely enough to settle your necessary expenses. But if otherwise then there's no reason to delay your investment just because you're owing debts.

This indicates that a person is ready to face a situation like what happens to those who invest even though they are tied to debt so this is a form of seriousness in someone who remains focused on investing without feeling a bit tired because during the investment period it is not a reason to delay investing as long as someone is still able to pay for the things they spend because basically investing requires being ready to experience whatever happens because the decisions that have been made by someone will be part of the needs that must be adjusted to income and expenses because these two things are one way for them to not do something excessive.

The reason why someone does not invest clearly shows the results of the income obtained by someone which is the main reason behind not investing because everyone when they want to invest must have income whether it is a small or large amount that must be owned by someone because imagine for example someone does not have income how can someone do it of course the answer is definitely not able to invest because buying Bitcoin clearly must be with the money they have and this is not guided by the fact that buying Bitcoin must be in large amounts, it is true that with large amounts will get big profits too but I think even with a small amount we buy Bitcoin of course the way it is done is the same as doing it in large amounts so sometimes someone has to do it with a large amount with the aim of not losing when later after investing using the long term loses in getting results or profits because at the peak point that occurs in the market which makes the price more than what was done when first buying Bitcoin is still at a cheaper number than what happened when the price was cheaper than what happened when the price exceeded what was done by that person so this is what is a little different in doing with large or small amounts and for me this sometimes causes someone with a large amount because the income that is owned by a person is far from someone who earns half the income of someone who earns more.

the money that we need to invest in bitcoin is a discretionary income and not just any income. so, the major reason why someone does not invest is not mainly based on income but because of the persons inability to figure out a discretionary income to use for investing in bitcoin and this is majorly as a result of poor financial management skill because most times people dont manage their income very well no matter how big it is so that at the end of the day they could be able to figure a discretionary income from it to invest. we must have a discretionary income to invest and not just income, and if ones income is not able to sort out his basic needs first then the person shouldnt rush to invest in bitcoin but should find a way to improve his finances so as to be able to carter for his basic needs and remaining money which is his discretionary income to use it for investing in bitcoin. sometimes too, even if the income is not large enough, you can also try to adjust in your lifestyle and spending especially on non essential spending's so that you can remain a discretionary income for bitcoin investment. you dont necessarily need to start with a huge sum or  buying large amounts of bitcoin as you can buy with any available discretionary income even as low as $5 or $10.

[Saltysugar99]

I think people should understand this, there are repayment plans for someone or count that is into debt, the repayment plans is to allow them pay gradually and enable them to do other things, debt is not a death penalty and should not be an excuse not to invest if you can figure out your discreationary income since your repayments plans are intact and always met as at when due, there won't be any problem if you still do your investment, the instance you gave is right, futuristic investors will see debt a an obstacle to acumulate Bitcoin because they understand that debt can be serviced gradually, so as you go gradually with your debt servicing, yiu should also go as you can with your Bitcoin investment, no excuse.

I agree with some of you, I think you should be more carful about giving any opinion on bitcoin investing with dept belonging person. I know having debt does not mean that someone cannot invest in Bitcoin.  Also, having debt but buying Bitcoin without managing the repayment properly is not a good idea. Many people have debt, loans, monthly repayments. If a person can follow his debt repayment plan properly, make payments on time, cover his basic expenses, and still have some discretionary income, then he can  think about accumulating Bitcoin little by little.  But he could easily do DCA with the money he would pay in monthly installments through loan payments. He would not feel any kind of pressure mentally. So here i think which one is easy way that should be followed by an investor so that he will not suffer any problem in future for holding bitcoin with long timeline.

But If someone buys Bitcoin with a loan, then the main point will be the money to buy Bitcoin should not come from debt repayment money. The extra money left after covering rent, food, transport, family responsibility, loan repayment, emergency needs, is discretionary income. Bitcoin investment should come from that that income that has no useability .There is another problem is if some one has loan then he will not buy bitcoin aggressively like other who has no dept or loan form .

In my personal thinking is that Bitcoin accumulation is not something that needs to be started with a large amount in one day. Rather, regular and sustainable buying is far more  better. Bitcoin accumulation is long time investment .The timeline should me more than minimum 4 years . So if we talk about loan then If the loan is high-interest, repayment pressure is there , income is unstable or there is no back up fund , then it is necessary to make the cash flow strong first. Otherwise, he will buy Bitcoin today, and sell tomorrow for any emergency moment come as will be forced to sell Bitcoin. Then the investment plan will be completely destroy . So with out taking loan bitcoin investing also can be done with smoothly with out any pressure  if discretionary income is there. I appreciate not taking loan for bitcoin investing.

[bangjoe]

I think it's not okay for one to get serious with accumulation of Bitcoin while your debt is due and reading or interest increasing, or ignoring your basic necessities and aggressively accumulating Bitcoin. Such acts will only return you to square zero when the pressure mounts up. That's even why it is advisable to just invest within your means and avoid borrowing to invest. Some investors have borrowed to invest just because some persons have gone ahead of them, or they want to be aggressively involved in the market while neglecting there basic needs. So its best to buy within your means, and not out your investment at risk buy borrowing unnecessarily or buying aggressively when you don't have extra funds to do it

Of course it is not a good and unwise action if investing relying on borrowed money, aggressiveness in collecting bitcoin using money that is not a discretionary income is an unsafe action it is not recommended to invest in such a way.
Why do people always ignore basic things like that? Isn't that a very risky action, I agree with you that it is better for us to prioritize our needs first, if you don't have enough money to invest then hold back your intentions first and focus on increasing income so that you can have discretionary funds to invest, that's what JJG teaches so that our investments are safe in the long run.

[Popkon6]

In life there must always be a challenge or challenges wether we like it or not because life is not a bed of roses though some people seems not to have any challenge or trouble that is because of how they have prepared themselves to overcome challenge without making it look like there was... I'm not a fan of loan but there are time or period it can be necessary and if you have a means you can use to offset it later then going for a loan is not really a bad idea even institutions, organization and private individual do take loan so the most important thing is having a means to repay.

  At times in someone's life one needs to take some risk that are worth taking. Applying for loan is something i try my possible best to neglect as a man but at times to get somethings done very quickly we definitely need high amount of funds which we know our salary or wages would not be enough for it. And basically am not talking about bitcoin invesment alone just giving instance on real life scenarior.
   life is full of challenges so we should always be ready for what so ever life might shoot against us. we can be in debts and still move along with our bitcoin investment  so far our discretionary income are in check.

It is not a good idea to take loan to invest in bitcoin and then to become a debtor. Taking loan without any plans on how to salvage the loan in the future is very wrong. As for bitcoin investment,  you don't need to be carried all in the name of wanting to increase the stash of bitcoin in your bitcoin holdings by going to take loan and then end up putting oneself into tight corner or unnecessary pressure.

Bitcoin should never be invested in debt or aggressively, and I think it will never be possible to hold Bitcoin in the long term by borrowing or aggressively investing. The reason we continue with long-term Bitcoin investments is because we invest in Bitcoin with prudent income. Bitcoin should be invested with as much money as you can afford to lose, so that no investor faces danger with his Bitcoin holdings in the future.
These are things that every Bitcoin investor must know, so every investor or new person should be careful of the idea that Bitcoin should not be invested in debt in any way.

[B-BossMan]

You're right Jay, El Salvador for instance is in debt of billions in US dollar but they still own a strategic reserver and one of the first countries that adopted the use of Bitcoin so noting stops individuals who are in debt from owning or accumulating Bitcoin, people should learn how to manage their income in a way that they'll comfortably handle their expenses, invest and gradually settle their debts.

Doesn’t really sound proper to me to go into investing  most especially bitcoin while you have huge debt on your neck. And you cannot compare debt of a nation to that of individual, the pressures are different. No body disturbs the country for not paying debt as bank or any lenders out there will frustrate you and impose high interest on you if you don’t meet up with the agreement time. The best thing to do which I think is the ideal thing to do is to concentrate on settling the debt and wait patiently until you’re debt free. Then you can start accumulating. I think with this you will not panic even if the market isn’t going in the position direction because you know you are a free man and there is no pressure on you. There will always be opportunities to invest in bitcoin regardless.

One of the important things about bitcoin is getting started as soon as possible and to develop good habits in buying bitcoin and also shoring up cashflow management systems/practices.

Sure, there is no reason to FOMO into bitcoin, yet at the same time, getting started soon is not the same mentality and/or practice as someone thinking that "there will always be opportunities," which may well be too much of a lackadaisical approach to something like bitcoin that may well take years and years to build up.

So it seems better to me for guys to figure out ways of getting started, even if they have to start out small, as long as they can figure out that they have discretionary funds, and yeah, if they created some fucked up circumstances for themselves based on their past behaviors of overly use of debt and/or other poor organization and/or cashflow management practices, then they can work on fixing and improving the consequences of their past fuck ups while they are building up their bitcoin investment, even if they might have to start out with just $30 per week into bitcoin rather than $100 per week.

In the end guys need to figure out the balance and figure out if they actually have discretionary funds available and what would be the better use of their discretionary funds..and if they exercised poor judgement in the past, they need to figure out ways to improve their present and future exercises of judgement.

This is exactly why it's always advisable for some folks to start investing in bitcoin as early as possible without any delays, one of the biggest joy I always have is, one can invest into bitcoin no matter how the small the amount is. Many folks tend to wait for the perfect time to buy Bitcoin, but one thing is that no one can predict the perfect time for bitcoin correctly, because the perfect time rarely comes. So I don't know why some people get panic or rushing into it recklessly because of fears of missing out, the best strategy or approach is to start early, invest what you can afford to lose, stay consistent and also developing discipline and building a stronger financial habit gradually along the way.

However, investing like $20 weekly or $30 weekly or even more than that  can actually make a good financial difference when it's done consistently, also people should learn how to improve on thier cashflow management and invest their discretionary income steadily. Bitcoin investment shouldn't seems as a quick money strategy, it truly work better when you invest for a long-term investment, having disciplined, a steady stacking of bitcoin is what actually brings an effective result over a period of time.

[JayJuanGee]

It is completely wrong to go in to bitcoin investment when you are having debts to settle even if you have a stable source of income, in my personal opinion I will focus on repaying my debt first before talking about investing in Bitcoin this is because whenever am owing it affects my peace of mind, though I would say you can do whatever you are comfortable with, Bitcoin investment is for long term and I wouldn't go down the road with debt when I have considered myself to be in a financial crisis which includes the debt am repaying, I prefer that settling debt should come first.

To me, there is nothing wrong with going into bitcoin while you’re in debt, but the question is, will you be able to pay back the loan when it is needed? If you can afford to pay the debt you have while investing in bitcoin, then you are good to go if you are comfortable with it. Don’t put yourself in pressure just because you want to feel among others holding bitcoin. Again you shouldn’t have it in mind that bitcoin will give a quick returns to pay back your debt. It’s not something that you can benefit from immediately, and there’s also a chance of losing money.

You seem to be talking about bitcoin as a trade rather than as an investment, and even though you are saying "not to do it,"  you are still being distracting in terms of even raising the issue that trading bitcoin is a good idea, even if bitcoin were to go shooting up after having had bought it.

If we are talking about bitcoin as an investment while at the same time servicing existing debts, then we most likely building up the bitcoin size while, hopefully, reducing the debt size with the passage of time.. or at least bringing the cost of borrowed money down with the passage of time, if the debts happen to be higher interest rates.

In addition, if you have a high debt, you can reduce them or clear them to avoid emotional stress during the up and down,

The term of the debt might be already known.

Sure income and expenses might go up and down, yet if you are referring to the up and down of the bitcoin prices, the ups and downs of bitcoin prices would most likely be something that is expected.. so if a person is getting into bitcoin as a no coiner or a low coiner, then in earliest stages of establishing a bitcoin stash, he is likely spending quite a bit of time just building up his bitcoin stash size.. and so sure there can be be combination of his income and expenses going up and down, the bitcoin price going up and down and the burden of the servicing of the debt, yet once a guy already has the debt the costs of servicing it is already known, even though sure maybe he gives priorities to paying off some higher interest debts more quickly than the lower interest rate debts, aned sure maybe he has other ways that he is trying to increase his income and reduce his expenses - but if he had chosen to also give priority to building his bitcoin stash, then he would be balancing all of those factors, even if he might go through some weeks when he has low levels discretionary funds and then other weeks where he might have higher levels of discretionary funds.

Bitcoin is unpredictable you can also lose money even though you have a debt to pay. If you can’t control your emotions we need to avoid this situation, individual can end up borrowing more money to invest for a short period.

You seem to be allowing fluctuations in bitcoin price affect your accumulation.  One thing is getting into bitcoin with already existing debt in place, and then another thing would be choosing to borrow money to buy bitcoin.  In either case, a person can assess his abilities to pay for any loan based on his already existing cashflow situation, and a guy who already has a fairly strong income situation would be in a better place to use debt as compared with guys who might either have low levels of discretionary funds or a lot of uncertainties in his future cashflows... and even implying that guys are going to pay back loans from the proceeds of the investment (in this case bitcoin) would be putting too much risk in terms of expectations that the BTC price goes up from the time after the loan had been entered into.

Many times when someone is adding something new to his activities and finances (such as starting to buy bitcoin), it would be better to add the new thing and to get used to the new thing without leverage being necessary, yet any adult can still make assessments in regards to the extent to which borrowing might make sense, especially including the terms of the loan such as the payback period and the interest rate and any other service fees or additional terms, such as if the loan is paid back as a ratio over the term or if there might be a balloon payment that happens at the end of the term of the loan.  Guys can make these kinds of calculations, even though they are bringing more complications to their investment into bitcoin than a straight forward practice of buying with discretionary money as it comes in.

ere also could be some debt that has higher costs (such as higher interest rates), and many times debts do not penalize for early payments, yet sometimes guys might get themselves into egregious debt terms (or perhaps did not read the details of the debt)... I personally don't mind debt that has an interest rate of 6% or less annually, and I believe that those kinds of amounts can be manageable, yet if there are debts that are higher or even into the 12% or higher territories, then there likely would need to be some priority to pay those higher interest rate debts first, even though they might still not need to be paid off prior to starting to buy bitcoin.  Guys can figure out for themselves how many activities they are ready, willing and/or able to juggle, even though surely there might be a bit of a presumption that some guys who got themselves into bad debt may well need to work on improving their future judgement, and it could be that a remedy to attempting to improve their future judgement might involve taking away some of the current complications and/or the ongoing existence of bad judgement.

My thoughts earlier was actually on those high interest loan. which I felt needed to be paid much attention to before investing into bitcoin to reduce the effect of the interest on the loan.. But I think I got convinced here by some replies and even yours too, That in as much as it is important to payoff debt, its more important to invest in to bitcoin so long as you’ve made a proper plan on how you’re going to pay off the debt alongside investing with your discretionary income. The only reason one should not think of investing first is just when he’s not being able to handle or settle his necessary expenses Which implies he has no discretionary income, that way he should not consider investing at that moment, until that gap is Bridge.

All loans are not equal, and all uses of loan proceeds are not equal, and loans can bring unnecessary complications in situations in which the discretionary funds might not be very high and when there is likely fluctuation in discretionary funds that might make struggles in terms of paying the loan.  It should be within the capabilities of normal guys to calculate the impact of loans and the extent to which they are likely to be able to service the loan of the life of the loan, yet guys can end up screwing up in their calculations, and surely over the past 14-ish years of bitcoin (let's start from early 2012 when bitcoin was $5 per coin), there have been guys who have lost a lot of money in bitcoin through that time, even though bitcoin's price curve has been mostly up throughout the period, yet if there are inabilities to make it through the ups and downs of the BTC price and to continue to buy bitcoin and/or to just hold the bitcoin without having to sell it at times of downward volatility, then guys should have had been able to make money... so getting involved in trading, shitcoins and even leverage, such as loans can end up taking away from abilities to profit from bitcoin's otherwise existing upward price trajectory.

So all cases that guys were able to stay focused on ongoing buying and not selling and even holding during periods that they run out of money, they would have had come out profitable as long as their timeline was greater than a few years long.  We have to live our lives and pay our expenses, so we may well have some kind of an income stream, and loans may well not be necessary in terms of any kind of an added complication, yet if guys are able to reasonably assess the terms of the loan then they may well be able to profit from having had gotten the loan, yet there may well be a lot of cases that it is way better to both build up a guys bitcoin stash and to strengthen his cashflow management practices/systems (and back up funds) without using any leverage, and sure once he is in a better financial strength there may be situations in which loans might seem practical, especially if favorable terms can be reached, such as a long term that is greater than 4 years and/or interest rates are relatively low, such as lower than 6%.

ere also could be some debt that has higher costs (such as higher interest rates), and many times debts do not penalize for early payments, yet sometimes guys might get themselves into egregious debt terms (or perhaps did not read the details of the debt)... I personally don't mind debt that has an interest rate of 6% or less annually, and I believe that those kinds of amounts can be manageable, yet if there are debts that are higher or even into the 12% or higher territories, then there likely would need to be some priority to pay those higher interest rate debts first, even though they might still not need to be paid off prior to starting to buy bitcoin.  Guys can figure out for themselves how many activities they are ready, willing and/or able to juggle, even though surely there might be a bit of a presumption that some guys who got themselves into bad debt may well need to work on improving their future judgement, and it could be that a remedy to attempting to improve their future judgement might involve taking away some of the current complications and/or the ongoing existence of bad judgement.

My thoughts earlier was actually on those high interest loan. which I felt needed to be paid much attention to before investing into bitcoin to reduce the effect of the interest on the loan.. But I think I got convinced here by some replies and even yours too, That in as much as it is important to payoff debt, its more important to invest in to bitcoin so long as you’ve made a proper plan on how you’re going to pay off the debt alongside investing with your discretionary income. The only reason one should not think of investing first is just when he’s not being able to handle or settle his necessary expenses Which implies he has no discretionary income, that way he should not consider investing at that moment, until that gap is Bridge.

Regardless of how we want to justify taking a loan even after setting a structured plan on how to pay off the debt, a beginner/newbie should never start their investment by taking a loan. An experince investor will know how to navigate the market and pay off the debt without getting frightened or panicking to withdraw his accumulation, but a beginner investor will tamper with his investment when the market is not favourable. Bitcoin investment is that type of investment that requires patience, emotional control, and discipline, and these are the qualities that every beginner lacks until they have matured to know how to control themselve they should never take a loan to invest in Bitcoin. 

An important factor to look out for is the aspect of unexpected financial event that affects a beginner investor with a loan debt. Imagine a case where a beginner investor under a borrowed loan loses his job, lacks promotion, or has a reduced income. The beginner will be forced to tamper with his investment, which limits the purpose of a long-term investment plan.

So let us be pretty clear here before beginners who will join this thread, do not misinterpret the discussion to go ahead and take a loan to invest in Bitcoin

The use of loans and leverage is not a beginner technique, yet each person is in charge of figuring out his own finances and the extent to which he has skills, abilities, and/or access to favorable debt terms..and yeah, if he screws up, then he may well end up screwing up more by having had taken the debt than if he had stuck with more straight-forward and less risky techniques.

Guys should start with more basic techniques first, yet a the same time, each guy needs to assess his own circumstances and live with the consequences if he messes things up.

Sometimes lower interest loans can be taken out to pay off higher interest loans, yet otherwise I agree that if a person had put himself into a messy situation, then he should have goals to make progress towards getting himself outside of the mess and to otherwise improve his cashflow management and/or investment practices.

I agree with your opinion about borrowing money at a lower interest rate to pay off a high interest debt. This will help you get out of high interest faster and also give you peace of mind because your bill won't be so high at the end of the month. However, one thing I'd like to emphasize here is that when you take out a low interest loan to pay off your previous debt, don't let your lifestyle change. That is, don't let your expenses increase because you feel like you have the money. Focus the loan money on paying off the debt first.

That is retarded.  I never said anything about taking out loans to increase consumption - even though people sometimes will do that... .. and it might be o.k. to take out low rate loans (sometimes 0%) in circumstances where the product was going to be bought anyhow so then the 0% loan could allow to spread out the payment.... but, yeah, sometimes people buy something they were not going to buy or maybe they buy a more luxurious version which costs more and they would not have had bought such item absent the promotional loan.

I had an insurance policy or even certain kinds of bills (like taxes), and sometime they say that you can pay this amount by May 15, or you can pay these smaller payments to pay it off in full by November 15 (6 months of payment). If you add up the payments and they are the same, then there can be a lot of advantages to take the payment plan rather than paying it all off in one payment.  Sometimes the interest rate (or the service fees) will be low, such as even less than 3%, which might make it justifiable, but if it is 3% over 6 months, then that is really 6% annualized which might not make sense.  If the total payment amount to spread the payments over 6 months is higher than what you would prefer to pay, and maybe your preferred rate is less than 4% annualized, then it is better to have the option to pay in a lump sum rather than to be forced into payments because you are unable to pay the lump sum.

However, there are actually other options you can take without going back into debt increasing your income by taking on a part time job. I recommend this if possible.

Of course, paying off debt quicker (especially the high interest rate debt) will put you into a better situation, and yeah, the preferable ways to increase discretionary funds is to increase income or to cut expenses... so then yeah, once more funds are available, then those funds can be used to pay down higher cost debt and/or to invest that extra amount in bitcoin and/or to put some of those extra funds into the back up funds.

However, investing with long-term debt can be a trap for ordinary people. Therefore, investing in Bitcoin with short-term debt (which is repayable) is better called aggressive investment rather than a normal investment. In that case, if your ability and plan do not work perfectly, it will become an emotional investment. So if the loan is in a safe amount and there is a real repayment plan, then you can invest with debt if necessary.

Long term debt tends to be better than short term debt, yet without considering the interest rate, it is not going to be very helpful to compare the two.  If you get a 2 year loan at 3% annual rates, yet you get the same loan with 3% annual rates for 10 years, then the longer one will be better.

Frequently, longer term loans will be sold in terms of their lower monthly payment amounts, but the monthly payment amounts is less important than the interest rate, or even if the loan is fixed versus adjustable.  Guys should not be entering into loans that allow for adjustment of the interest rate.

Also anyone taking a low interest loan to pay for a high interest loan should ensure to do thst only if it's their last resort,  its pointless to use a loan to pay for a loan when you can pay for it another way, it's an added risk that should not be taken unless neccessary.

If you are able to get a lower interest loan, you are lessening your risks not increasing them.  I don't see why it would be a last resort.. As soon as you find out about it, you should take it, especially if it is a meaningful difference in the rates.  Other factors to the loan, including amount,  time duration and/or other terms might be considered as well.  The terms of the various two loans might not match.

[Silikiem]

In life there must always be a challenge or challenges wether we like it or not because life is not a bed of roses though some people seems not to have any challenge or trouble that is because of how they have prepared themselves to overcome challenge without making it look like there was... I'm not a fan of loan but there are time or period it can be necessary and if you have a means you can use to offset it later then going for a loan is not really a bad idea even institutions, organization and private individual do take loan so the most important thing is having a means to repay.

  At times in someone's life one needs to take some risk that are worth taking. Applying for loan is something i try my possible best to neglect as a man but at times to get somethings done very quickly we definitely need high amount of funds which we know our salary or wages would not be enough for it. And basically am not talking about bitcoin invesment alone just giving instance on real life scenarior.
   life is full of challenges so we should always be ready for what so ever life might shoot against us. we can be in debts and still move along with our bitcoin investment  so far our discretionary income are in check.

It is not a good idea to take loan to invest in bitcoin and then to become a debtor. Taking loan without any plans on how to salvage the loan in the future is very wrong. As for bitcoin investment,  you don't need to be carried all in the name of wanting to increase the stash of bitcoin in your bitcoin holdings by going to take loan and then end up putting oneself into tight corner or unnecessary pressure.

Bitcoin should never be invested in debt or aggressively, and I think it will never be possible to hold Bitcoin in the long term by borrowing or aggressively investing. The reason we continue with long-term Bitcoin investments is because we invest in Bitcoin with prudent income. Bitcoin should be invested with as much money as you can afford to lose, so that no investor faces danger with his Bitcoin holdings in the future.
These are things that every Bitcoin investor must know, so every investor or new person should be careful of the idea that Bitcoin should not be invested in debt in any way.

Talking about investing aggressively, who said you should never invest in bitcoin aggressively,. It’s not as if you cannot invest in bitcoin aggressively but the thing is that while investing aggressively it should be done according to your discretionary income. One can invest in bitcoin aggressively but where it is bad is when one tries to over due it by investing over aggressively using even cash that is meant to be used in sorting other basic necessities that is the area where one shouldn’t take his level of aggressiveness to. You can invest aggressively but it should be done according to our financial capabilities.

And if someone is in debt, that’s not a barrier for not investing in bitcoin as one can still invest with his discretionary income and the said debt will be repaid based on the repayment plan. It is unwise to take a loan without having a plan or means of paying back the loan so even when you’re in debt and you have an already existing payment plan, you can still invest In bitcoin using a discretionary income while also trying to sort out the debt according to the plan because you must not wait to pay off all the debt before you can invest in bitcoin as you can still be investing when you’re able to figure out a discretionary income.

[The Founding Titan]

Also anyone taking a low interest loan to pay for a high interest loan should ensure to do thst only if it's their last resort,  its pointless to use a loan to pay for a loan when you can pay for it another way, it's an added risk that should not be taken unless neccessary.

If you are able to get a lower interest loan, you are lessening your risks not increasing them.  I don't see why it would be a last resort.. As soon as you find out about it, you should take it, especially if it is a meaningful difference in the rates.  Other factors to the loan, including amount,  time duration and/or other terms might be considered as well.  The terms of the various two loans might not match.

I'm not saying taking the loan is bad, I'm simply saying to take it only if you can't pay up fast enough without it, if you can pay for the high interest loan without having to take out another loan (low interest) then there is no need to take the low interest then.
I do see your point though, the faster you can pay the high interest loan  the better since you then wouldn't have to worry about the interest increasing the longer its taking to pay up the loan, the low interest loans will be easier to pay off and in the case of any delay in paying back then the interest won't jump up too high too fast.
At the end of the day it is a smart move to make since you can cut down on how much you would have had to pay for the high interest loan in the same time frame.