JJG’s Outline of Bitcoin Investment Ideas

[Gost ms]

Friends, don't think you can get rich when you invest, because the purpose of investment is not for us to become rich, but the purpose of investment is more than that, one of which is to make us financially stable in the future. Even if you invest in bitcoin, it doesn't mean you can get rich because of it.

How sure can you hold bitcoin for a very long time? That is, until you get a profit many times over from the investment you make?

I saw a lot and even felt it myself. For example, there is a person who told me that he regretted selling bitcoin with his profits at that time, if he held it until now, then he would have become very rich. And I was the same, I sold bitcoin with the profit target I had set at the beginning, then I repeated the purchase with the DCA strategy, and so on.

Each person's goals and objectives are different. Many people like to withdraw profits from Bitcoin or many people like to hold it for the future. Personally, if I say so, my goal and objective is to see Bitcoin as an asset. Bitcoin was created to create a decentralized financial management, without any third party interfering in our financial situation or our financial transactions. Bitcoin is still moving towards that goal.

It is not at all the right decision to sell all the holdings even after reaching the excess savings level. If you had not sold all the holdings at that time and had withdrawn some amount of profit and enjoyed it, then maybe you would not have regretted it today. If someone invested with the aim of building a house, then it is different. However, I think Bitcoin needs to be considered as an asset and needs to be held. Even if you reach this excess savings level, you can withdraw some amount when you need it.

[SuperBitMan]

I don’t agree with you, when you are investing in bitcoin for long term theirs big hope of you making profit, it is when you are investing in bitcoin for a short period of time that’s when making profit is not certain but as long as you are investing in bitcoin for long term you are sure of making profit in the long run, so don’t say no matter how long one invest in bitcoin one is not certain of making profit that’s not true, long term investment in bitcoin is usually certain of profit.

Nothing is guaranteed as far as it has to do with Bitcoin investment that is what we have been saying and thats because of price fluctuations and volatility

I still stand by my word, when you say nothing is guaranteed in bitcoin investment because of fluctuations and volatility of bitcoin it is for those who are trading bitcoin or investing just for short term, if you are investing in bitcoin for long term you won’t be affected by bitcoin fluctuations or volatility, it is only those who are investing in bitcoin for short term that are affected by bitcoin volatility.
Bitcoin has been in existence for long now and it has proven that it is trustworthy especially for those who are accumulating and holding it for longer term let say 5 years and above.
You can’t be accumulating and holding bitcoin for 5 to 10 years and you are affected by bitcoin volatility, those who have been accumulating and holding bitcoin since 5 years or 7 years ago till date can you say bitcoin volatility affected them or stopped them from making profit? The answer is NO so bitcoin volatility can’t affect long term investors and I will keep saying future profit is also guaranteed for long term investors.

[Cryptoprincess101]

Every investor will become rich if they can hold Bitcoin for a long time, the longer their Bitcoin holdings are, the more successful they will be in becoming rich. One cannot become rich by investing in Bitcoin if they cannot hold it for a long time.

This is not true, not every investor will become rich just because they hold bitcoin for a long term. The success of a bitcoin investor is measured by how much bitcoins he has been able to hold in the long term. Can you say that someone who was able to accumulate $10,000 worth of bitcoins for the next 10 years is rich? so, it depends on the size of your portfolio that will show if you are a rich bitcoin investor after holding for a long term. Some people do misinterpret holding for a long term and accumulation in the long term. Someone can do a lump sum and hold for 10 years while another can be accumulating using the DCA method for that whole 10 years so you will see that the size of their investment cannot be the same because someone who is consistently using the DCA to invest may own more bitcoins than the other who just made a one-time investment. 

[cxtreenal]

Every investor will become rich if they can hold Bitcoin for a long time, the longer their Bitcoin holdings are, the more successful they will be in becoming rich. One cannot become rich by investing in Bitcoin if they cannot hold it for a long time.
Therefore, the DCA method of Bitcoin investment will definitely be identified as an effective method when it is held for a long time. This will become a reality in the current situation, because Bitcoin investment should be done patiently, and if one can follow the DCA method, it will definitely become easier to hold Bitcoin for a long time.

There is no certainty that they will become rich or profit from Bitcoin if they can hold their holdings or hold Bitcoin for a long time.

The Bitcoin market is volatile, but if a person holds it for a long time, then his chances of profiting are much higher than the benefits of short-term investments or cycles. In order to hold it for a long time, we need to be patient and have a consistent and correct financial management and it is very helpful. We do not need a stable income to start investing or to continue investing continuously, but if we have a stable income, then it is definitely a lot of convenience to manage our financial situation and we can have expectations.

You don't need a stable income to start Bitcoin that's true but for long term and regular Bitcoin accumulation you will need a steady source of income. The timing of starting Bitcoin is important because a beginner starts learning Bitcoin with high expectations. Should he stop if he doesn't have a source of income at that point in his learning? I would say he should start with the amount of funds he has available. He may have an irregular source of income but he won't always be in that situation. He will increase his productivity and as the source of income becomes more stable he will increase the amount of Bitcoin accumulation.

[Proty]

...future profit is also guaranteed for long term investors.

Those that has being holding bitcoin for more than 5 years are more successful than those that has been trading in other to make quick profit. Bitcoin investment is best suitable for long term holding. However the fact that we are holding bitcoin for a long term doesn't mean that we can say with all certainty that our bitcoin investment is going to be successful at the end of our investment timeline or in the future. Holding bitcoin for a long term is more rewarding than trading it but the fact that we are holding for long term isn't a guarantee that our bitcoin investment is going to be successful in the future

[Jaycoinz]

Every investor will become rich if they can hold Bitcoin for a long time, the longer their Bitcoin holdings are, the more successful they will be in becoming rich. One cannot become rich by investing in Bitcoin if they cannot hold it for a long time.
Therefore, the DCA method of Bitcoin investment will definitely be identified as an effective method when it is held for a long time. This will become a reality in the current situation, because Bitcoin investment should be done patiently, and if one can follow the DCA method, it will definitely become easier to hold Bitcoin for a long time.

This is very wrong. You say this as if there's guarantee of success with Bitcoin investment. Just like every investment even Bitcoin investment doesn't guarantee anything, success is just what we hope for but it is never a guarantee no matter how long you hold your Bitcoin. Even long term investing still carries risks too because markets movement is unpredictable at every point and Bitcoin is always volatile. Long term investing only improve the chances of benefiting from Bitcoin’s long term growth over time.

Becoming rich is not all that bitcoin offers, besides he sounded too sure about investors becoming rich. The fact that past investors have made it clear that long term holding is profitable doesn't mean it would continue to be that way. In fact the can clearly see that the moving average of bitcoin is reducing in terms of significant price deflection in comparison with then days when bitcoin was still less than 5 years old. However that tells us that there is no guarantee that any investor who happens to invest in bitcoin will become rich as of old. In fact common sense can tell us that investing $5000 today in bitcoin wouod have same effect as investing that amount in 2015 so becoming rich off bitcoin would mean you'll have to have high purchasing powers and not everyone has this same luxury of cash flow. Which is why it's best to work with your financial capability with your major focus being bitcoin as a hedge to inflation rather than trying to become rich.

One major thing some investors don't know is this, when you have configured your mind to focus on becoming rich you might end up stopping halfway if you check you overall progress and observe that it's not moving according to your expectation, but then there are other advantages of bitcoin so why focus only on becoming rich when you can have  self custody over your funds and hedge over inflation at thesame time or even have a decentralized and anonymous financial status for your own privacy and protection.

There is always going to be self doubt when you haven't reached your goal and that's a common and normal thing but that doesn't stop you to keep focus and keep trying. No matter how we try to say that getting rich isn't the goal, I believe a whole lot of persons do or get into this because of that same concept but the truth is there is no guarantee but that's what makes it interesting too .

[Crytohillss]

Every investor will become rich if they can hold Bitcoin for a long time, the longer their Bitcoin holdings are, the more successful they will be in becoming rich. One cannot become rich by investing in Bitcoin if they cannot hold it for a long time.

The difference between Long term holding and long term accumulation is what some persons miss an investor consistently purchasing through DCA over the years is likely building a much solid position than some people who only made a one time buy and stopped there. At the end patience matters but the size and consistency of the investment matters a lot. But holding for long term only pays off if the amount accumulated is meaningful enough some holding a little amounts for 10 years may see growth, but that alone doesn't automatically make them wealthy.

[Tmoonz]

panic is a thing of the mind and it is sometimes by over expectations of investors and lack of understanding about Bitcoin investment concept, I mean the inability of investors recognize the fact that Bitcoin is not a stable asset which is to say that fluctuation can set in at any time, so you mean that stable income can tackle this? I do not think so, the only thing that can solve such problem is understanding the concept of Bitcoin of Bitcoin.

Panic comes most times when we are not doing the right thing for example

• When the investor is targeting short-term gains which is trading
• When the investor is investing beyond his discretionary income, known as over aggressiveness or even investing with money for future predicted expenses
• When the investor is not investing what he can afford to loose, and not building his backup funds while he invests

These can make the investor panic unnecessarily because he constantly fears to loose the value of his invested funds. An investor who is buying and holding bitcoin from his discretionary income and focusing on his consistency and long-term plan, and who is building backup funds while he invests would pay little or no attention to the volatility and keep striving to see ways to increase his buying amounts, either by increasing his income or cutting down unnecessary expenses so as to get more quantities within his holding period. If the investor employs proper cashflow management practices, he would not be necessarily affected if emergencies occur since he has prepared for it by building out his emergency fund while he buys and holds bitcoin.

This is true.. Most panic and problem in investing do come from poor planning..  Because once someone invests money they can not afford to leave untouched, those small dip will start to feel like a very big disaster to them.. That is why many people still end up making rushed decisions out of fear..
I also think having a long term mindset changes everything.. Someone who understands why they’re buying Bitcoin and already has backup funds will not easily be move by volatility.. 

Anyone being moved by volatility simply do not understand Bitcoin because the said volatility is a part of Bitcoin and which can be taken out of Bitcoin, you can't talk Bitcoin without talking about volatility and this is the core foundation and functionality, when people are misinformed or not comprehend very well what Bitcoin and volatility is all about they make so many mistakes and instead of accepting their mistakes and take corrections they blame volatility.

[Saltysugar99]

The difference between Long term holding and long term accumulation is what some persons miss an investor consistently purchasing through DCA over the years is likely building a much solid position than some people who only made a one time buy and stopped there. At the end patience matters but the size and consistency of the investment matters a lot. But holding for long term only pays off if the amount accumulated is meaningful enough some holding a little amounts for 10 years may see growth, but that alone doesn't automatically make them wealthy.

Simply purchasing Bitcoin and then sitting around for 10 years is not a 10-year consistent buy of Bitcoin. So if he purchases a small number of bitcoins once, he is potentially a long-term holder, but if his bitcoins don't accumulate to a substantial number, it's not necessarily accurate  that holding will provide him with a lot of financial freedom. What would happen if two investors had entered the Bitcoin game at same time ? One purchased $200 for the first year and did nothing but keep the $4k. The other continued to purchase from his discretionary income, $20 or $50 a week. Both of them are able to say long-term holder after 8-10 years but they won't have the same outcome. One has given its only time, the other has added capital over time.

Many people make mistakes in this regard. Many people think that just having patience is enough. But if accumulation is not done properly and accumulation is not given importance, then even if you invest for 10 years, it can show a lot of growth compared to the buying price, but in reality there is doubt whether it will become an asset that provides financial security for life. However, it is not right that everyone has to invest with a large amount. DCA should be done in Bitcoin according to their income flow. That is, a person can invest weekly according to their discretionary income. They can start investing even with $10. The main thing here is to have consistency and sustainability and not go beyond their budget.

Because in the case of long term investment, everything does not depend on how much money you are investing. Here, surviving for the long term is the main thing. Because due to the unstable market of Bitcoin, it becomes difficult to survive in long term investment. Along with this, there is also the pressure of bull market and bear market. In all this, regular buying is the real success. An investor's goal should be to reach a point where his Bitcoin holding is sufficient or more than that. It certainly depends on his lifestyle and quality of life. It may not be possible for everyone to reach such a level. Even then, if you continue investing for the long term, the chances of making a profit are much higher. This sufficient holding status is basically called over accumulation status.  Therefore, in the case of long-term holding, it is more important to consider how disciplined and consistent the investor is in investing from within their discretionary income.

[ndutndut]

I don’t agree with you, when you are investing in bitcoin for long term theirs big hope of you making profit, it is when you are investing in bitcoin for a short period of time that’s when making profit is not certain but as long as you are investing in bitcoin for long term you are sure of making profit in the long run, so don’t say no matter how long one invest in bitcoin one is not certain of making profit that’s not true, long term investment in bitcoin is usually certain of profit.

Nothing is guaranteed as far as it has to do with Bitcoin investment that is what we have been saying and thats because of price fluctuations and volatility

I still stand by my word, when you say nothing is guaranteed in bitcoin investment because of fluctuations and volatility of bitcoin it is for those who are trading bitcoin or investing just for short term, if you are investing in bitcoin for long term you won’t be affected by bitcoin fluctuations or volatility, it is only those who are investing in bitcoin for short term that are affected by bitcoin volatility.
Bitcoin has been in existence for long now and it has proven that it is trustworthy especially for those who are accumulating and holding it for longer term let say 5 years and above.
You can’t be accumulating and holding bitcoin for 5 to 10 years and you are affected by bitcoin volatility, those who have been accumulating and holding bitcoin since 5 years or 7 years ago till date can you say bitcoin volatility affected them or stopped them from making profit? The answer is NO so bitcoin volatility can’t affect long term investors and I will keep saying future profit is also guaranteed for long term investors.

Yes. I agree with your opinion. Bitcoin volatility will usually only impact those investing for the short term or those simply trading. However, those with a long term HODL strategy have proven successful so far. Those who started early or even 5-6 years ago have experienced very high returns.

Even those who accumulated from 2017-2020 are still making significant profits even though Bitcoin has dropped from its ATH price a few months ago. My point is Bitcoin has proven resilient so far in the long term, especially with increasing adoption. In my opinion Bitcoin is an asset of the future. Buying now and holding for the next 5 to 10 years would be better for you to achieve financial freedom.

[gracreavix]

I don’t agree with you, when you are investing in bitcoin for long term theirs big hope of you making profit, it is when you are investing in bitcoin for a short period of time that’s when making profit is not certain but as long as you are investing in bitcoin for long term you are sure of making profit in the long run, so don’t say no matter how long one invest in bitcoin one is not certain of making profit that’s not true, long term investment in bitcoin is usually certain of profit.

Nothing is guaranteed as far as it has to do with Bitcoin investment that is what we have been saying and thats because of price fluctuations and volatility

The answer is NO so bitcoin volatility can’t affect long term investors and I will keep saying future profit is also guaranteed for long term investors.

I may agree with some other things you said, but saying future profit is guaranteed for long term investors is where I will disagree. Because when it comes to investment, nothing is ever guaranteed.
The fact that Bitcoin is a strong asset and obviously seems like the future still doesn’t mean unexpected things can’t happen. Life happens bro, economies change, regulations change and nobody can predict the future with 100% certainty no matter how confident they are.

Yes, Bitcoin has a high chance of doing good long term, and that’s one of the reasons so many persons and even I my self believe in it strongly. But high probability is not the same thing as guarantee.
And also, one important thing every investor should understand is that no investment should become something you place your entire life expectation on like it can never fail. Believe in it yes, but still acknowledge the risks attached, because nothing is certain.

[Queen uloma]

panic is a thing of the mind and it is sometimes by over expectations of investors and lack of understanding about Bitcoin investment concept, I mean the inability of investors recognize the fact that Bitcoin is not a stable asset which is to say that fluctuation can set in at any time, so you mean that stable income can tackle this? I do not think so, the only thing that can solve such problem is understanding the concept of Bitcoin of Bitcoin.

Panic comes most times when we are not doing the right thing for example

• When the investor is targeting short-term gains which is trading
• When the investor is investing beyond his discretionary income, known as over aggressiveness or even investing with money for future predicted expenses
• When the investor is not investing what he can afford to loose, and not building his backup funds while he invests

These can make the investor panic unnecessarily because he constantly fears to loose the value of his invested funds. An investor who is buying and holding bitcoin from his discretionary income and focusing on his consistency and long-term plan, and who is building backup funds while he invests would pay little or no attention to the volatility and keep striving to see ways to increase his buying amounts, either by increasing his income or cutting down unnecessary expenses so as to get more quantities within his holding period. If the investor employs proper cashflow management practices, he would not be necessarily affected if emergencies occur since he has prepared for it by building out his emergency fund while he buys and holds bitcoin.

This is true.. Most panic and problem in investing do come from poor planning..  Because once someone invests money they can not afford to leave untouched, those small dip will start to feel like a very big disaster to them.. That is why many people still end up making rushed decisions out of fear..
I also think having a long term mindset changes everything.. Someone who understands why they’re buying Bitcoin and already has backup funds will not easily be move by volatility.. 

Anyone being moved by volatility simply do not understand Bitcoin because the said volatility is a part of Bitcoin and which can be taken out of Bitcoin, you can't talk Bitcoin without talking about volatility and this is the core foundation and functionality, when people are misinformed or not comprehend very well what Bitcoin and volatility is all about they make
 so many mistakes and instead of accepting their mistakes and take corrections they blame volatility.

You’re very correct, you can’t mention bitcoin without mentioning volatility the reason is because it is one of the major things that makes it unique and different. Many people go into bitcoin with the wrong mindset all they want is profit and how to make quick money from it without proper understanding on how the market works. Once bitcoin price falls they will start panicking and start blaming volatility instead of understanding how bitcoin works.
Anyone who knows how bitcoin works we understand that volatility is a normal thing in bitcoin, it is not something that one should be panicking about. When someone is impatience and has zero knowledge of how bitcoin works, it causes people to encounter more losses.

[Father111]

...future profit is also guaranteed for long term investors.

Those that has being holding bitcoin for more than 5 years are more successful than those that has been trading in other to make quick profit. Bitcoin investment is best suitable for long term holding. However the fact that we are holding bitcoin for a long term doesn't mean that we can say with all certainty that our bitcoin investment is going to be successful at the end of our investment timeline or in the future. Holding bitcoin for a long term is more rewarding than trading it but the fact that we are holding for long term isn't a guarantee that our bitcoin investment is going to be successful in the future

You can't compare an investors and traders who focus is on making quicker profits by all means, it is very obvious is not certain that investing in Bitcoin can be guarantee of being successful in any year soon and  yet investors don't give up in accumulating and buying aggressively, due to Bitcoin price can turn out fluctuate in a way of enriching the Bitcoin holders, that is why an investors don't need stop back from buying Bitcoin as regularly he can buy with discretionary income.

[Cryptoprincess101]

Every investor will become rich if they can hold Bitcoin for a long time, the longer their Bitcoin holdings are, the more successful they will be in becoming rich. One cannot become rich by investing in Bitcoin if they cannot hold it for a long time.

The difference between Long term holding and long term accumulation is what some persons miss an investor consistently purchasing through DCA over the years is likely building a much solid position than some people who only made a one time buy and stopped there. At the end patience matters but the size and consistency of the investment matters a lot. But holding for long term only pays off if the amount accumulated is meaningful enough some holding a little amounts for 10 years may see growth, but that alone doesn't automatically make them wealthy.

Please quote correctly if am the one you wanted to quote because am not the owner of the contents you quoted.

You can’t be accumulating and holding bitcoin for 5 to 10 years and you are affected by bitcoin volatility, those who have been accumulating and holding bitcoin since 5 years or 7 years ago till date can you say bitcoin volatility affected them or stopped them from making profit? The answer is NO so bitcoin volatility can’t affect long term investors and I will keep saying future profit is also guaranteed for long term investors.

I think you are mixing things up and you probably do not understand what volatility means. So far as bitcoin is concerned, it will continue to be affected by volatility even as a long-term investor. There will always be variation in the price of bitcoin over time so you can't overcome market volatility as a bitcoin investor. Accumulating bitcoin for 5 to 7 years as you said doesn't stop the price of bitcoin from being volatile even though its volatility is not as high and risky like other cryptocurrencies.