JJG’s Outline of Bitcoin Investment Ideas

[Rockson1]

]
So many persons think they need to become expert before embarking on Bitcoin investment, but in reality beginning little while studying along the way makes more sense, the key here is having enough discipline to separates necessities from discretionary income first once that is clear even little and consistent Bitcoin buys can help new investors build confidence and experience for a better understanding of the Market over time.

Expert what, newbie remains a newbie and the knowledge every newbie needs to kick start their Bitcoin acumulation is basic knowledge, learning in the process of their acumulation is the best approach, as a matter of fact it does not make any sense to keep going broad in research of a system that you do not have any investment on, I see that as a waste of time and even though anyone has to do that, it is not in Bitcoin investment, maybe I have said this here before that there are many things to learn about Bitcoin, it does not have to come first before we start acumulating, although you have mentioned discreationary income but i have to say it again for those that does not know that it should be basics knowledge, discreationary income, Bitcoin acumulation,we can now go along with the creation of our emergency funds and we are good with our Bitcoin acumulation, very simple if we understand the process and what to do.

[Silikiem]

The only way to succeed in a volatile asset like Bitcoin is to follow the DCA (Dollar-Cost Averaging) strategy. I don't take out any loans or borrowed money, I just invest regularly from my extra or disposable income. This way, there is no stress due to market fluctuations.

The dca strategy is a good method of accumulating bitcoin, but let’s be honest with ourselves it is not the only way to succeed in bitcoin investment. I find this your statement to be untrue, and totally false. The dca method is the most convenient method of investing in bitcoin, but saying is the only method of succeeding in bitcoin investment is where I disagree with you.

It is true that the DCA isn’t the only way to succeed in bitcoin investment but to a certain degree if you are aiming for long term investment the best way to go about it is just the DCA strategy. You cannot succeed by timing the market perfectly because bitcoin is unpredictable, and at such the Best thing you can do for yourself is to adopt the DCA strategy which will enable you to buy bitcoin at any market price with just a discretionary income so that you don’t have to be stressing yourself waiting and timing the market before making purchases. With the DCA you also have opportunity to buy at lump sum and add to boost your portfolio if an additional or extra money comes to you even while you’re ongoingly buying regularly with the DCA , and also with the DCA you have an opportunity of not missing out on any buying opportunity. So the best way is certainly the DCA strategy to follow

[Grease5000]

]
So many persons think they need to become expert before embarking on Bitcoin investment, but in reality beginning little while studying along the way makes more sense, the key here is having enough discipline to separates necessities from discretionary income first once that is clear even little and consistent Bitcoin buys can help new investors build confidence and experience for a better understanding of the Market over time.

Expert what, newbie remains a newbie and the knowledge every newbie needs to kick start their Bitcoin acumulation is basic knowledge, learning in the process of their acumulation is the best approach, as a matter of fact it does not make any sense to keep going broad in research of a system that you do not have any investment on, I see that as a waste of time and even though anyone has to do that, it is not in Bitcoin investment, maybe I have said this here before that there are many things to learn about Bitcoin, it does not have to come first before we start acumulating, although you have mentioned discreationary income but i have to say it again for those that does not know that it should be basics knowledge, discreationary income, Bitcoin acumulation,we can now go along with the creation of our emergency funds and we are good with our Bitcoin acumulation, very simple if we understand the process and what to do.

you are right waiting to become an expert  before you start accumulating bitcoin delays progress from an investor’s point of view,  to me what matters is starting small  staying disciplined, and being consistent. Once newbie understands how to separate necessities from discretionary income, the process becomes clear.

 And over time, knowledge alone don't builds results  it’s consistent accumulation and patience that actually grow the position.

[Sally9256]

The diversion was not really called for since the discussion is anchored on Bitcoin and how to make a successful investment in profit from it. Gold is expensive to procure compared to Bitcoin and the idea of Bitcoin as digital gold has been the much reason why people want to always compare gold to Bitcoin in every little investment discussions as this. For it divisibility, simplicity, storage and long term perspective I'll go for Bitcoin investment as one better modern investment idea over gold on a long term run.

When Investing thinking about profit is wrong, it gives you the wrong mentality of a trader that is only after quick gains. Of course we all want our investment to be successful but we shouldn't be too focused on profits because it is not even guaranteed, no one knows exactly when they will make profit. People should understand that investing is not about profit but rather preserving money you have now to build a better future.

[Primark]

It is not possible to predict what the price of Bitcoin will be in the future. Therefore, it is best not to depend on price predictions in our investment. Our investment should depend on our income and financial situation. Where as if we invest systematically according to proper planning, there will be no need for price prediction and market timing. And we should not create a mindset by mixing Bitcoin with all types of assets. Bitcoin is an asset whose price is very volatile, but has the potential for good profit in the long term. Therefore, it is important to focus on long term DCA without relying on price predictions in the beginning and not focusing too much on hold and sell.

Reasons why you dont need to predict the price of Bitcoin.
*Bitcoin is unpredicted.
*when you hsve it in mind to predict the price of Bitcoin, their is high chances of selling at anytime.

Predicting the price of Bitcoin have nothing to do with investing bitcoin. The idea to invest Bitcoin is longterm and when you try to involve predictions it automatically becomes something else that is different from investing bitcoin. The reason why most people feel giving a timing in bitcoin investment is because they dont really understand the market, with a mindset like this it affects every attempt to invest Bitcoin because going into bitcoin you have to get the right understanding first of what bitcoin is all about(longterm, volatile and unpredicted), with right understanding one will be able to hodl Bitcoin for a long time.

I agree with you that for a new or savings investor, making decisions based on price estimates is a weak method.

But it is not always true that if someone estimates the price, the chances of selling are higher. If a person with a weak mindset and no plan sees the price, he may want to sell in panic. But if a person with a strong mindset has already set his plan, goals, cash flow and time frame, he will never panic when seeing the price, rather knowing his price range can also help in risk management. Therefore, estimating the price is not a problem in investing, rather the main problem is not having a proper plan, investing without being aware of his cash flow. There are many people who regularly estimate the price. But they never plan to sell. Because estimating is one thing and selling is another thing.

[Abbatty]

The diversion was not really called for since the discussion is anchored on Bitcoin and how to make a successful investment in profit from it. Gold is expensive to procure compared to Bitcoin and the idea of Bitcoin as digital gold has been the much reason why people want to always compare gold to Bitcoin in every little investment discussions as this. For it divisibility, simplicity, storage and long term perspective I'll go for Bitcoin investment as one better modern investment idea over gold on a long term run.

When Investing thinking about profit is wrong, it gives you the wrong mentality of a trader that is only after quick gains. Of course we all want our investment to be successful but we shouldn't be too focused on profits because it is not even guaranteed, no one knows exactly when they will make profit. People should understand that investing is not about profit but rather preserving money you have now to build a better future.

You are right, no investor wants it investment to fail but when it comes to bitcoin investment it differs from other investment, it sole aim it to help secure your future, to help you have that guarantee that in the future you have something to lean on.

We have seen a lot of traders who called themselves investors coming with that mindset to make quick cash over it and at the end these set of people are the ones who will come out tomorrow and say bitcoin investment is a gamble.

Having that mindset of a trader will only gives you wrong impression about bitcoin as a whole.

[Brizi5000]

It is not possible to predict what the price of Bitcoin will be in the future. Therefore, it is best not to depend on price predictions in our investment. Our investment should depend on our income and financial situation. Where as if we invest systematically according to proper planning, there will be no need for price prediction and market timing. And we should not create a mindset by mixing Bitcoin with all types of assets. Bitcoin is an asset whose price is very volatile, but has the potential for good profit in the long term. Therefore, it is important to focus on long term DCA without relying on price predictions in the beginning and not focusing too much on hold and sell.

Reasons why you dont need to predict the price of Bitcoin.
*Bitcoin is unpredicted.
*when you hsve it in mind to predict the price of Bitcoin, their is high chances of selling at anytime.

Predicting the price of Bitcoin have nothing to do with investing bitcoin. The idea to invest Bitcoin is longterm and when you try to involve predictions it automatically becomes something else that is different from investing bitcoin. The reason why most people feel giving a timing in bitcoin investment is because they dont really understand the market, with a mindset like this it affects every attempt to invest Bitcoin because going into bitcoin you have to get the right understanding first of what bitcoin is all about(longterm, volatile and unpredicted), with right understanding one will be able to hodl Bitcoin for a long time.

I agree with you that for a new or savings investor, making decisions based on price estimates is a weak method.

But it is not always true that if someone estimates the price, the chances of selling are higher. If a person with a weak mindset and no plan sees the price, he may want to sell in panic. But if a person with a strong mindset has already set his plan, goals, cash flow and time frame, he will never panic when seeing the price, rather knowing his price range can also help in risk management. Therefore, estimating the price is not a problem in investing, rather the main problem is not having a proper plan, investing without being aware of his cash flow. There are many people who regularly estimate the price. But they never plan to sell. Because estimating is one thing and selling is another thing.

there is no point trying to estimate the price when they are already investing regularly with the dca method, their focus should be on figuring a discretionary income and just be accumulating bitcoin according to their dca plan or when they get a discretionary income. estimating price may not seem to be the problem now but its only but a matter of time before they start getting addicted to it and gradually starts showing emotions when investing as a result of constant price estimate. as long term investor they dont need to estimate price since they are already going to buy at any market price, the only thing they owe themselves is to focus on figuring out a discretionary and buy and keep according to their dca settings or availability of discretionary income

[BluebloodCXVI]

Most people do not have lump sum amounts that they can put into bitcoin and then just sit on the lump sum. Another thing is that normal people tend to have an ongoing income and various funds ongoingly coming in... so there tends to be some value to just ongoingly buying bitcoin rather than just front loading and sitting on the amount, since the front loaded amount will not tend to be enough.. 

I have a personal preference for the idea of ongoing investing and figuring out amounts that are sufficiently ongoingly aggressive and ongoingly building the size of the bitcoin holdings.  And, surely each of us can assess our progress to figure out the extent to which we might start to accumulate enough or more than enough bitcoin that might cause us to change the ways (and/or times) that we ongoingly accumulate bitcoin.

It is not necessarily going to be a clear picture regarding when we have enough or more than enough bitcoin or the extent to which buying aggressively might continue to be justified after we might have had already been spending one or two cycles fairly aggressively accumulating bitcoin.

This is honestly how investing works for most regular people, it’s not everybody that has a huge lump sum just casually sitting somewhere waiting to be thrown into Bitcoin, some people earn gradually through salaries, business, side hustles, or random income streams, so naturally their investing also happens gradually. In this type of settings, ongoing accumulation makes more sense because instead of stressing over wether your first buy was big enough, you keep building your position little by little as the money comes in over time, those consistent buys can become something meaningful.
I like the point you made about how strategy can change over time, in the beginning a person might feel far from their target  and then because of that, they might decide to buy aggressively. But after spending years accumulating through different market cycles, they may eventually reach a stage where they feel more comfortable with the size of their holdings and become less aggressive. And the funny thing is that there’s rarely a clear moment where someone says “Okay, this is enough Bitcoin forever.” As a person’s income grows, their responsibilities begin to change, and so does their conviction too, so now they keep reassessing what “enough” even means for them.

[Muba20]

The diversion was not really called for since the discussion is anchored on Bitcoin and how to make a successful investment in profit from it. Gold is expensive to procure compared to Bitcoin and the idea of Bitcoin as digital gold has been the much reason why people want to always compare gold to Bitcoin in every little investment discussions as this. For it divisibility, simplicity, storage and long term perspective I'll go for Bitcoin investment as one better modern investment idea over gold on a long term run.

When Investing thinking about profit is wrong, it gives you the wrong mentality of a trader that is only after quick gains. Of course we all want our investment to be successful but we shouldn't be too focused on profits because it is not even guaranteed, no one knows exactly when they will make profit. People should understand that investing is not about profit but rather preserving money you have now to build a better future.

Investment should have a long-term goal, such as 8 years, 10 years or more. During this period of investment, the goal should be to invest regularly and achieve long-term goals without thinking about additional profits. Those who enter at the beginning and calculate additional profit and loss or monitor the market more may be tempted to get disappointed if the market falls and withdraw profits if the market rises, which hinders long-term goals. At the same time, it becomes difficult to control one's emotions and there is a possibility of making wrong decisions. The objective of long-term investment is to increase the value of assets in the future. And to create financial security. Profit is certainly important here, but it is not the only goal. The goal should be stable growth in the long term instead of quick profits. Focus on risk control and capital preservation. And patience, mentality and realistic thinking should be maintained in investing. We cannot say for sure whether profits will come or not, but proper planning and controlled risk increase the chances of getting good results in the long term.

[Humblevirus]

The diversion was not really called for since the discussion is anchored on Bitcoin and how to make a successful investment in profit from it. Gold is expensive to procure compared to Bitcoin and the idea of Bitcoin as digital gold has been the much reason why people want to always compare gold to Bitcoin in every little investment discussions as this. For it divisibility, simplicity, storage and long term perspective I'll go for Bitcoin investment as one better modern investment idea over gold on a long term run.

When Investing thinking about profit is wrong, it gives you the wrong mentality of a trader that is only after quick gains. Of course we all want our investment to be successful but we shouldn't be too focused on profits because it is not even guaranteed, no one knows exactly when they will make profit. People should understand that investing is not about profit but rather preserving money you have now to build a better future.

Yes, that is where some people get it wrong and end up selling their Bitcoin investment too early and starting trading. When they buy now, they would like to sell within a short period, and in the end, it hardly works out for them or many people.So, an investor’s focus should not be on profit making,their focus should be on how they will build a better portfolio. That is the only way a portfolio can be built without much stress.But if someone is trying to focus only on profit-making, they will always be stressed whenever they see the price of Bitcoin drop, and that can easily lead them to sell or start thinking about waiting to get more. However, when someone is focused on how much Bitcoin they want to have in their portfolio, they will hardly be discouraged when the market is trying to make corrections.

[Shineup]

The diversion was not really called for since the discussion is anchored on Bitcoin and how to make a successful investment in profit from it. Gold is expensive to procure compared to Bitcoin and the idea of Bitcoin as digital gold has been the much reason why people want to always compare gold to Bitcoin in every little investment discussions as this. For it divisibility, simplicity, storage and long term perspective I'll go for Bitcoin investment as one better modern investment idea over gold on a long term run.

When Investing thinking about profit is wrong, it gives you the wrong mentality of a trader that is only after quick gains. Of course we all want our investment to be successful but we shouldn't be too focused on profits because it is not even guaranteed, no one knows exactly when they will make profit. People should understand that investing is not about profit but rather preserving money you have now to build a better future.

You are right, no investor wants it investment to fail but when it comes to bitcoin investment it differs from other investment, it sole aim it to help secure your future, to help you have that guarantee that in the future you have something to lean on.

We have seen a lot of traders who called themselves investors coming with that mindset to make quick cash over it and at the end these set of people are the ones who will come out tomorrow and say bitcoin investment is a gamble.

Having that mindset of a trader will only gives you wrong impression about bitcoin as a whole.

There you go again, you are making it sound like investing in Bitcoin gives guarantee of of success or profits in the future, there is no guarantee of profit or success in Bitcoin and just the as in every other kind of investments, we can say that bitcoin investment has a higher chances of rewarding those who bought and has been patient to hold for the long term but making it look as if there is guarantee of future rewards can be misleading and this impression has been corrected over time.

[Grease5000]

The only way to succeed in a volatile asset like Bitcoin is to follow the DCA (Dollar-Cost Averaging) strategy. I don't take out any loans or borrowed money, I just invest regularly from my extra or disposable income. This way, there is no stress due to market fluctuations.

The dca strategy is a good method of accumulating bitcoin, but let’s be honest with ourselves it is not the only way to succeed in bitcoin investment. I find this your statement to be untrue, and totally false. The dca method is the most convenient method of investing in bitcoin, but saying is the only method of succeeding in bitcoin investment is where I disagree with you.

It is true that the DCA isn’t the only way to succeed in bitcoin investment but to a certain degree if you are aiming for long term investment the best way to go about it is just the DCA strategy. You cannot succeed by timing the market perfectly because bitcoin is unpredictable, and at such the Best thing you can do for yourself is to adopt the DCA strategy which will enable you to buy bitcoin at any market price with just a discretionary income so that you don’t have to be stressing yourself waiting and timing the market before making purchases. With the DCA you also have opportunity to buy at lump sum and add to boost your portfolio if an additional or extra money comes to you even while you’re ongoingly buying regularly with the DCA , and also with the DCA you have an opportunity of not missing out on any buying opportunity. So the best way is certainly the DCA strategy to follow

You are taking a solid approach, no doubt. Using disposable income and staying consistent removes a lot of pressure.
But, saying it’s the only way might be a bit too rigid. DCA works well for most people, but some may choose to adjust based on their situation or conviction.

The key thing is this  whether he uses DCA or not, what really matters is consistency, patience, and avoiding unnecessary risk.

[Showlove01]

The diversion was not really called for since the discussion is anchored on Bitcoin and how to make a successful investment in profit from it. Gold is expensive to procure compared to Bitcoin and the idea of Bitcoin as digital gold has been the much reason why people want to always compare gold to Bitcoin in every little investment discussions as this. For it divisibility, simplicity, storage and long term perspective I'll go for Bitcoin investment as one better modern investment idea over gold on a long term run.

When Investing thinking about profit is wrong, it gives you the wrong mentality of a trader that is only after quick gains. Of course we all want our investment to be successful but we shouldn't be too focused on profits because it is not even guaranteed, no one knows exactly when they will make profit. People should understand that investing is not about profit but rather preserving money you have now to build a better future.

You are right, no investor wants it investment to fail but when it comes to bitcoin investment it differs from other investment, it sole aim it to help secure your future, to help you have that guarantee that in the future you have something to lean on.

We have seen a lot of traders who called themselves investors coming with that mindset to make quick cash over it and at the end these set of people are the ones who will come out tomorrow and say bitcoin investment is a gamble.

Having that mindset of a trader will only gives you wrong impression about bitcoin as a whole.

There you go again, you are making it sound like investing in Bitcoin gives guarantee of of success or profits in the future, there is no guarantee of profit or success in Bitcoin and just the as in every other kind of investments, we can say that bitcoin investment has a higher chances of rewarding those who bought and has been patient to hold for the long term but making it look as if there is guarantee of future rewards can be misleading and this impression has been corrected over time.

You are right, Bitcoin Investment is not guarantee but as someone with a long term mindset and as someone with a target and a goal to achieve, you don't have to be pointing at the fact that Bitcoin investment is not guarantee. Of course we know it is not guarantee before we started accumulating it so emphasizing on it can actually distract some folks. However, it was because of the uncertainty of it that the saying " invest with what you can afford to lose" came into play and this we can afford to lose is our discretionary income. I believe Bitcoin won't crash anytime soon so that's why I'm certain I will make out something reasonable from it in the long term.

[abaeze]

The diversion was not really called for since the discussion is anchored on Bitcoin and how to make a successful investment in profit from it. Gold is expensive to procure compared to Bitcoin and the idea of Bitcoin as digital gold has been the much reason why people want to always compare gold to Bitcoin in every little investment discussions as this. For it divisibility, simplicity, storage and long term perspective I'll go for Bitcoin investment as one better modern investment idea over gold on a long term run.

When Investing thinking about profit is wrong, it gives you the wrong mentality of a trader that is only after quick gains. Of course we all want our investment to be successful but we shouldn't be too focused on profits because it is not even guaranteed, no one knows exactly when they will make profit. People should understand that investing is not about profit but rather preserving money you have now to build a better future.

Yes, that is where some people get it wrong and end up selling their Bitcoin investment too early and starting trading. When they buy now, they would like to sell within a short period, and in the end, it hardly works out for them or many people.So, an investor’s focus should not be on profit making,their focus should be on how they will build a better portfolio. That is the only way a portfolio can be built without much stress.But if someone is trying to focus only on profit-making, they will always be stressed whenever they see the price of Bitcoin drop, and that can easily lead them to sell or start thinking about waiting to get more. However, when someone is focused on how much Bitcoin they want to have in their portfolio, they will hardly be discouraged when the market is trying to make corrections.

Agreed, Many new investors actually make this mistake, they start out as long-term investors, but when they see little profit or market movement, they gradually switch to a trader mentality. While it may seem like a temporary gain, from an investor's perspective, it's more of a risk for a smaller profit. Many people think it's more important to focus on building a portfolio than chasing profits, and in my opinion, this is a realistic thought in many cases as a long-term investor.

[Father111]

You're right because there's no real and serious Bitcoin investment that places more priority on profit than reaching his his target except for those that are traders, traders are known for their profit hunting, that's what they try to do whatever analysis that I don't know for the purpose of their unrealistic goals and anyone that sounds in such manner should be consider himself as a trader.
It gets to me badly when I hear people talking about profit as if they have been investing and accumulating Bitcoin for a very long time, do we even need to tamper out Bitcoin as invetsors, some people think that one they make profit, the next thing is to withdraw it, if so, what is the purpose of calling oneself a real long-term investment.

Investors that their major concern is to make profit from Bitcoin investment are not good hodlers.  They may not have specific time of when to take profit from their investment but because of the essence why they are investing is to make profit.  Investing to make profit from Bitcoin is not bad  but it is good for investors to know their is more to just make profit  im Bitcoin investment. Bitcoin investment is also a store value that people can invest for the future. If you understand the value of Bitcoin and where the price of Bitcoin is heading to, making profit will be the least thing to think about but to invest and hodl Bitcoin.

Accumulating and buying of Bitcoin should be the major concern of any good Bitcoin hodler than just thinking of on the profits he will make, you are very correct on your explanation and i concord to it, and most times, it is the newbies that are still accumulate using DCA method in buying small small will start talking about profits making and when they are aware of Bitcoin adding in value as the years approaching by, as a newbie or older investor, is good to hold down your Bitcoin investments for the futures to come.

[elzjmirra]

Provided you managed to keep with investing from your discretionary income in the amount you can afford to risk for a long timeframe, hodling till maturity then you can be guaranteed of selling in much profit. Most of the people do it wrongly and turn about to blame Bitcoin for been a risky nome profitable asset.

Your statement is wrong and misleading, you make investing look Iike it guarantees profit when you invest using discretionary income and hold for a long period of time but meanwhile it doesn't. Even by doing everything right and Investing properly as you should doesn't guarantee anything, even holding for a long period of time doesn't guarantee profits so you should understand that and stop misleading people here. No investment can guarantee profit not even Bitcoin. Bitcoin is always volatile so future market conditions will always change. Investing rightly only increase the chances but never guarantees profit.

I agree with you, although the past history of bitcoin looks very convincing because of its growth in value, it still cannot guarantee that in the future bitcoin will remain profitable or more profitable, of course there will always be risks because bitcoin is a volatile asset, its price can change significantly, simply put, if the investment is always profitable then certainly no one will experience losses and also certainly no one will worry about financial problems in the future.

[JayJuanGee]

[edited out]

.......
I like the point you made about how strategy can change over time, in the beginning a person might feel far from their target  and then because of that, they might decide to buy aggressively. But after spending years accumulating through different market cycles, they may eventually reach a stage where they feel more comfortable with the size of their holdings and become less aggressive. And the funny thing is that there’s rarely a clear moment where someone says “Okay, this is enough Bitcoin forever.” As a person’s income grows, their responsibilities begin to change, and so does their conviction too, so now they keep reassessing what “enough” even means for them.

I think that people can get to the point of having enough or more than enough bitcoin, yet of course, getting to such a status remains a combination of how much value is put in, and also how the bitcoin price performs during the period that the money was put in and also at later points in time.

There can also be some miscalculations and changes of living standard targets, as you mentioned, yet I still, in the past, I have given some examples of guys who have accumulated bitcoin for several years, especially guys who might have had started accumulating more than 10 years ago and fairly aggressively, to show that they could have had unequivocally and unambiguously reached overaccumulation status.

Surely how a person manages reaching overaccumulation status can also be a factor, and I frequently suggest that it makes a lot of sense that a guy would go through his BTC accumulation phase first, and then likely go through a maintenance phase in which there still might be questions about whether or not he has enough bitcoin and also some preferences, perhaps of buying bitcoin on the dip. Then, I think that once a person gets into his liquidation phase, it becomes  optional about whether to buy back any bitcoin, and so there is absolutely no need to buy back any bitcoin.. .. and maybe it is difficult to describe such a stage, yet it seems to me that guys can both assess the getting to such a stage and also get to such a stage and start to understand and appreciate that they have enough or more than enough BTC, so they really don't need to buy back any bitcoin.

If you need an example, let me know, and I can flesh this out a bit better, if you think that getting to overaccumulation status and not needing to buy more bitcoin is not quite making sense for you.

[Different patterns]

Although many people say that this hope is highly unlikely what is clear is that as long as we are working to increase our confidence over time that Bitcoin will be a crucial asset for our future there's no need to listen to what others say. When we become people who understand and comprehend the promise Bitcoin offers investors our confidence will continue to improve. This becomes our guideline for what we will have for our future. Having assets in the form of the amount of Bitcoin we have held over several years will certainly make it a highly speculative asset.

Many people still comment and think  that Bitcoin is risky, speculative, uncertain, and will even lose its value in the future. These cannot be dismissed in a word. Because nothing is guaranteed. But Bitcoin has things like scarcity, decentralization, security, and playing a big role against inflation. we will gradually build trust, but distrust will not disappear completely. For this reason, we should keep a balance mindset when investing in Bitcoin. We have to accept that it is risky and move forward. And it is very important to have discretionary income, back up fund, and long term mindset when investing. Keep one thing in mind, if you lose after investing in Bitcoin, you will lose a maximum of 100%. All your funds can be lost. But if you think about profit, Bitcoin has the ability and possibility to give you 2x, 3x, 5x, 7x, and even 10x+ profit.

Of course they are still people who have bad mindset towards Bitcoin investment, most of people thier believe from the beginning that no matter what they invest in they will end up loss their funds in the future, but because of that doubt and fear in them, thier minds are never at rest when ever they invest, but what I always say is that bitcoin investment requires patience, consistency, and also a long-term mindset, people who keep accumulating bitcoin gradually, especially with discretionary income are offen surprised by the profit it can bring over time, but consistency is what usually make the difference for long-term investors.

It is not possible to predict what the price of Bitcoin will be in the future. Therefore, it is best not to depend on price predictions in our investment. Our investment should depend on our income and financial situation. Where as if we invest systematically according to proper planning, there will be no need for price prediction and market timing. And we should not create a mindset by mixing Bitcoin with all types of assets. Bitcoin is an asset whose price is very volatile, but has the potential for good profit in the long term. Therefore, it is important to focus on long term DCA without relying on price predictions in the beginning and not focusing too much on hold and sell.

I agree with you, no body can predict the feature price of bitcoin, the only plan is to invest according to your financial capability and also your income level not base on market speculation, when one follow proper plan and use a long term DCA method, there's less need to worry about market timing, bitcoin is highly volatile, that's why depending on price predictions can easily mislead the investors. but consistency and proper risk management are more important than focusing on when to buy or sell.

[Popkon6]

The diversion was not really called for since the discussion is anchored on Bitcoin and how to make a successful investment in profit from it. Gold is expensive to procure compared to Bitcoin and the idea of Bitcoin as digital gold has been the much reason why people want to always compare gold to Bitcoin in every little investment discussions as this. For it divisibility, simplicity, storage and long term perspective I'll go for Bitcoin investment as one better modern investment idea over gold on a long term run.

When Investing thinking about profit is wrong, it gives you the wrong mentality of a trader that is only after quick gains. Of course we all want our investment to be successful but we shouldn't be too focused on profits because it is not even guaranteed, no one knows exactly when they will make profit. People should understand that investing is not about profit but rather preserving money you have now to build a better future.

We can participate in Bitcoin investment, but those who have a weak plan fail to maintain Bitcoin investment in the long term. So we will move forward with this plan on how to maintain Bitcoin in the long term, if you want to get a share of the profit at the beginning of the investment, then of course you will not be able to be patient and you will not be able to keep your investment for a long time. So you have to use your plan correctly, and you can keep your investment in Bitcoin for the long term by investing in it according to the DCA method. In this, you will be able to profit and take the opportunity to buy along with investing in Bitcoin repeatedly.
As a result, your Bitcoin investment will be long-term and the portfolio will be large, so you can implement the plan according to your goals and make huge profits.

[BluebloodCXVI]

[edited out]

.......
I like the point you made about how strategy can change over time, in the beginning a person might feel far from their target  and then because of that, they might decide to buy aggressively. But after spending years accumulating through different market cycles, they may eventually reach a stage where they feel more comfortable with the size of their holdings and become less aggressive. And the funny thing is that there’s rarely a clear moment where someone says “Okay, this is enough Bitcoin forever.” As a person’s income grows, their responsibilities begin to change, and so does their conviction too, so now they keep reassessing what “enough” even means for them.

I think that people can get to the point of having enough or more than enough bitcoin, yet of course, getting to such a status remains a combination of how much value is put in, and also how the bitcoin price performs during the period that the money was put in and also at later points in time.

There can also be some miscalculations and changes of living standard targets, as you mentioned, yet I still, in the past, I have given some examples of guys who have accumulated bitcoin for several years, especially guys who might have had started accumulating more than 10 years ago and fairly aggressively, to show that they could have had unequivocally and unambiguously reached overaccumulation status.

Surely how a person manages reaching overaccumulation status can also be a factor, and I frequently suggest that it makes a lot of sense that a guy would go through his BTC accumulation phase first, and then likely go through a maintenance phase in which there still might be questions about whether or not he has enough bitcoin and also some preferences, perhaps of buying bitcoin on the dip. Then, I think that once a person gets into his liquidation phase, it becomes  optional about whether to buy back any bitcoin, and so there is absolutely no need to buy back any bitcoin.. .. and maybe it is difficult to describe such a stage, yet it seems to me that guys can both assess the getting to such a stage and also get to such a stage and start to understand and appreciate that they have enough or more than enough BTC, so they really don't need to buy back any bitcoin.

If you need an example, let me know, and I can flesh this out a bit better, if you think that getting to overaccumulation status and not needing to buy more bitcoin is not quite making sense for you.

Your explanation is actually very insightful, i don’t think you even need to give an example anymore because the way you broke it down already painted the picture clearly enough for me and the only time i wouldn't understand what you have explained was if i was retarded, thankfully I’m not lol.
What really stood out to me was the idea that Bitcoin accumulation does not necessarily have to be a never-ending process. A lot of people talk as if the goal of bitcoin investment is to stack forever, but realistically, if someone started accumulating aggressively years ago and stayed consistent, I believe there’s a point where they could actually reach and perceive that they have stacked more than enough bitcoin and they wouldn’t need to keep buying more.
I also liked the way you separated the phases into accumulation, maintenance, and liquidation, this made the whole concept easier to understand because each phase comes with a different mindset and different priorities. By the time someone reaches the liquidation stage, the pressure to keep buying back every dip may no longer even exist anymore because the original goal has already been achieved.
So honestly, your write-up already explained the concept very well on its own, Arigato.

The only way to succeed in a volatile asset like Bitcoin is to follow the DCA (Dollar-Cost Averaging) strategy.

Take it easy man, i personally wouldn’t say DCA is automatically the best strategy in every single situation. Let’s look at lump sum investing for instance, there are definitely moments where lump-sum investing can outperform DCA. For example, if someone had a decent amount of money available during a major bear market or after a heavy crash, spreading that money too slowly through DCA could actually reduce their upside compared to buying aggressively at those lower prices.
Another mistake most people make is thinking that because you’re using DCA strategy in your bitcoin investment, then the volatility will suddenly disappear, lol that person is a joker if they think this way, if bitcoin drops hard, you must definitely feel the impact regardless of wether you use DCA or not. The advantage that DCA has in this kind of situation is that it will help ease the psychological impact of the crashes on you because your buys were spread across different price levels instead of entering at once.
So personally, I see DCA more as a practical and sustainable approach rather than some perfect strategy that will always guarantee success. For most long-term investors, it’s probably one of the safest ways to stay consistent without stressing too much about market timing, but combining DCA with occasional lump-sum buys during strong dips can sometimes be an even better balance.