JJG’s Outline of Bitcoin Investment Ideas

[ASloveapg]

There are many who first consider themselves investors, but later, out of greed, they think of quick profits and then their mentality becomes like that of a businessman. A skilled investor is a person who is patient, ready for all situations and remains steadfast in the long run. Even when he sees the price fluctuations increasing, he restrains himself from being greedy and considers it normal when the market falls. On the other hand, we should always remember this fact. The real purpose of investment is not only current profit, but it also plays a big role in creating financial security for the future. A real investor never allows himself to deviate from long-term plans.

The part of your text that I bolded got my attention, you are very right with that statement, a real investor is focused and determined to keep acumulating and hodling for the future, such investors msy come across temptation bit won't give up because he has a mission that cam not be stopped halfway.
Some investors from day one was not ready for long-term investment that is most of them failed along the line, I do not think that Bitcoin investment is for the weak rather it for those that has decided to make good financial plans for the future knowing fully well how valuable Bitcoin can be on a long-term, but I want to ask you @Morayoam91 have you started acumulating Bitcoin? If you have not, them you should start with whatever is your discreationary income.

If you want to invest in Bitcoin you must be ready to continue accumulating and holding for a very long time and you need to have a very good backup fund's because it is very important if you want to have a very smooth journey ahead, yes there are investors who never wanted to hold bitcoin for a very long time they just wanted to hold it for a very short time and then go away, those people usually don't succeed in Bitcoin investment, it is only those who have decided that they want to hold bitcoin for a very long time that usually succeed in it, they have already made up their mind and they don't care what it may cause them and they are ready to do anything to make sure that they keep holding and accumulating.

Actually, we can say that to start investing, we should first make sure that there is money left over from income after all our necessary expenses and that the extra money is being invested. That is, that extra money after losing which an investor will not face any disappointment or will not have any impact on his personal life. And this extra money is called discretionary income. From which we keep our investment money aside. Apart from this, emergency funds, savings and backup funds are created from discretionary income. Since investment is a long-term process, if there is no proper financial management, any shortage can break the continuity and this is the reason for the failure of many.

[ASloveapg]

Take for example, someone who has been dealing with investments or managing cashflow for years, taking certain decisions may feel natural and less complicated but for someone who is completely new, those same things may not feel nearly as obvious because they’re still trying to understand risk, discretionary income, and what level of exposure they’re personally comfortable with.

That is exactly true.  There are some guys who might have had been managing their cashflows since they were a teenager, and they are in their 20s, and they already have a lot of experience in figuring out their discretionary income (funds) and making decisions based on such discretionary funds availability... and there may be other guys who never think  about their income versus expenses, and they spend money when they have it, until it is gone and they take out loans without really planning how those loans are going to affect them down the road, and then the one guy is very organized and thoughtful in regards to his cashflows and the other guy is frequently putting out fires when he has income short falls and extra expenses that seem to come up without his realizing them to be pending.

This is a difference in attitude and mindset typically, teenagers who can manage their income and spend it wisely tend to have a more mature mindset, whereas those who spend it without hesitation or consideration focusing only on enjoying it until it’s gone tend to think only of momentary pleasure with a less than ideal attitude and mindset. People who are accustomed to managing their money or income well are better prepared for the future because I believe they can think about their future and prepare for it, whereas those who are not accustomed to managing their money well can only think about it they tend to be unable to actually prepare for it.

Generally, knowledge about financial management starts from the family, that is, from managing one's own spending money in childhood to managing one's own income after adulthood, the education received about everything is reflected in one's mentality and behavior. In this case, many people grow up with very good financial knowledge in childhood, while many may have less knowledge about it. Again, financial knowledge can be more or less depending on personal and family responsibilities. And if all the responsibilities are borne by the family, there is less experience in managing one's own expenses. Depending on the family, investments can be affected. Every adult should have financial knowledge and if they do not have experience, it is important to learn and practice regularly. Moving forward step by step based on one's own financial situation, experience and plan is a safe and sustainable path.

[JayJuanGee]

Take for example, someone who has been dealing with investments or managing cashflow for years, taking certain decisions may feel natural and less complicated but for someone who is completely new, those same things may not feel nearly as obvious because they’re still trying to understand risk, discretionary income, and what level of exposure they’re personally comfortable with.

That is exactly true.  There are some guys who might have had been managing their cashflows since they were a teenager, and they are in their 20s, and they already have a lot of experience in figuring out their discretionary income (funds) and making decisions based on such discretionary funds availability... and there may be other guys who never think  about their income versus expenses, and they spend money when they have it, until it is gone and they take out loans without really planning how those loans are going to affect them down the road, and then the one guy is very organized and thoughtful in regards to his cashflows and the other guy is frequently putting out fires when he has income short falls and extra expenses that seem to come up without his realizing them to be pending.

Honestly I get the point now, timeframe at which a guy is being expose to cashflow really really have an impact on decisions they make, because someone who is expose to cashflow at a very young age might have that compose when making such decisions and won’t be freaked by the amount of money that is at his disposal. Unlike a person who have not have such cashflow at his disposal, definitely he his tend to make mistakes and panic when such cashflow hit him.

Huh?  I never said anything about some guys having better cashflow than others in their youth.  I said that some guys build better habits from their youth that may well appear that they have better cashflows, but they might have the same or even worse cashflows than others, even though they start to develop better habits at an earlier age in terms of managing whatever cashflows that that they have.  There might be kids that get regular allowances, and there might be other kids who do not receive regular allowances, yet they still learn to save their money whenever they receive some gift, so they figure out how to budget whatever money they get in ways that are better than the kids who spend their money as soon as they get it.

So In this case we can agree that having a good bitcoin investment goes beyond having patience, consistency and even discretionary income but also exposure matters too, because it helps you make good and better decisions during your investment journey.

I am not sure if we agree, even though surely it seems to me that there is value in putting good practices into place, even if a guy might not be working with a lot of money, so then if the discretionary income ever is able to increase, then already good practices are in place.  There is value in reinforcing good practices, even though sometimes it can be quite difficult when there are both temptations and even perceived needs to spend money, but if the budget is tight, there might be some needs to figure out the extent to which the thing for purchase is a need or a want, and if the thing for purchase can be deferred or even avoided by some substitute that might not cost any money or perhaps cost less money.  These can be tough decisions when there is very little money available, and surely some guys might be really challenged in terms of figuring out ways to increase their income (especially when they are just a kid so that they might be able to bring better habits as they grow older), and maybe even guys who had developed bad habits when they were younger, they have to figure out how to both develop better habits, but also to put some of those better habits into practice, and if they are still young and they are working in jobs that never seem to pay very much money, they might have to try to figure out ways if they might be able to improve their exposure to better paying jobs, whether that is learning new skills or maybe learning how to meet people who might be able to offer them better jobs so that they can work their way into situations in which their discretionary income is able to go up...but in the meantime, if they have relatively low discretionary income, they need to work with what they have which sometimes may or may not be enough to buy bitcoin, even trying to get up to something like $10 a week of discfretionary income might be quite difficult for some guys.

[edited out]

Holding Bitcoin investment for a long time will definitely bring profit, but it depends on the patience of each investor the most. Investing in Bitcoin in the current position is a good plan because as we move towards the future, the more Bitcoin usage and price are increasing. So investing in Bitcoin at the moment is the only good plan, according to this plan, if Bitcoin can be held for a long time by following the DCA method, then there will definitely be a chance to make the most profit. The current time for Bitcoin investment is the best, the cash flow helps the investor to accumulate more Bitcoin.

Profits are not guaranteed in bitcoin, even if we might follow the best of practices.  You might want to learn to talk about your bitcoin investment in ways that are not seeming to proclaim that profits are guaranteed, since that might cause you to invest in ways that are not sufficiently realistic and/or to cause you to mislead others in terms of how they are thinking about bitcoin investing and/or managing their cashflows.

[edited out]

Thanks for your excellent explanation. Your strategy is very realistic for additional capital like a one-time bonus ($2,000). I agree with you that dividing any sudden large funds outside of the regular ongoing DCA into three parts (immediate, DCA and deep-buy) is a great way to control emotions and FOMO for beginners. However, from a financial perspective, one thing to consider is that when someone is already DCAing $100 per week for a long time, then if the bonus money is left idle for a few months, it can reduce the overall dynamics of the portfolio. Because due to the upward trend of Bitcoin in the long term, 'lump-sum' or immediate large investment has historically proven to be more profitable than prolonged DCA.
Still, your hybrid model for risk management and peace of mind is undoubtedly commendable.

Yes.  There surely tends to be some value for guys who are in their earliest of bitcoin accumulation times (perhaps even in their first cycle or cycle and a half) to error on the side of front loading and/or not delaying in their buying of bitcoin, even though surely there are likely going to be various ups and downs within their bitcoin investment journey and they are not always going to know if the BTC price might go up, down or sideways in the near to medium term... yet there are also so many folks who likely would be advantaged towards realizing that they are likely going to be accumulating bitcoin for more than 10 years, and when they are in their first 4-6 years of accumulating, they are likely better off to just ongoingly buy without holding back very much, except maybe just for logistical reasons involving their own comfort in any of their own ongoing cashflow management cushions.

[edited out]

Folks who are able to build or get their emergency funds ready before kickstarting their investments are rare because this emergency funds you’re talking about consist of at least 3-6 months of our daily expenses which could be problematic for some folks especially those with very low incomes to gather together this funds, it could take them years to get it and who knows what might occur in the future where by they may end up not even getting to invest in bitcoin again. So the idea is this, it is mostly important that folks should get started in accumulating bitcoin first once their discretionary income is available, they must not wait until they build their emergency funds before they can start accumulating bitcoin, what is most important here is just a discretionary income to get started in accumulating bitcoin, unavailability of the emergency funds shouldn’t delay them or become a barrier why they shouldn’t get started in bitcoin accumulation and hold as they can always get to build up their emergency funds even after they might have started accumulating bitcoin and hold or along side while they are accumulating bitcoin.

I think that it can be misleading to suggest that emergency funds are not important at all, since there is ongoing importance to emphasize that a person needs to be investing within his discretionary funds, so then the lower the amount of back up funds that he has at the time that he starts investing into bitcoin, then the more risk he is running to invest into bitcoin beyond his discretionary funds.

Sure, there is no problem starting to buy bitcoin from whatever situation a person happens to be, yet from my perspective it is overly risky if the amount of back up funds are zero, so there has to be some acceptable level of back up funds, even if it might mean that half of the amount that is going into bitcoin (in the first few bitcoin buys) are also going towards the building up of back up funds, so at least there is a conscious effort to make sure that the back up funds are not so low that they do not protect the newbie bitcoin investor from any upcoming decreases in his income and/or increases in his expenses.

[edited out]

If you want to invest in Bitcoin you must be ready to continue accumulating and holding for a very long time and you need to have a very good backup fund's because it is very important if you want to have a very smooth journey ahead, yes there are investors who never wanted to hold bitcoin for a very long time they just wanted to hold it for a very short time and then go away, those people usually don't succeed in Bitcoin investment, it is only those who have decided that they want to hold bitcoin for a very long time that usually succeed in it, they have already made up their mind and they don't care what it may cause them and they are ready to do anything to make sure that they keep holding and accumulating.

Ultimately, Supreme Donvic, there is a balanced approach in regards to buying bitcoin and making sure that enough back up funds are available to take care of fluctuations in the cashflows that might cause any newbie to end up running into mostly unexpected situations in which his income had gone down and/or his expenses had gone up... so, surely these are individual judgement decisions to both build the bitcoin holdings and also to ongoingly build back up funds that balance out that ongoing building of the bitcoin holdings.

Take for example, someone who has been dealing with investments or managing cashflow for years, taking certain decisions may feel natural and less complicated but for someone who is completely new, those same things may not feel nearly as obvious because they’re still trying to understand risk, discretionary income, and what level of exposure they’re personally comfortable with.

That is exactly true.  There are some guys who might have had been managing their cashflows since they were a teenager, and they are in their 20s, and they already have a lot of experience in figuring out their discretionary income (funds) and making decisions based on such discretionary funds availability... and there may be other guys who never think  about their income versus expenses, and they spend money when they have it, until it is gone and they take out loans without really planning how those loans are going to affect them down the road, and then the one guy is very organized and thoughtful in regards to his cashflows and the other guy is frequently putting out fires when he has income short falls and extra expenses that seem to come up without his realizing them to be pending.

This is a difference in attitude and mindset typically, teenagers who can manage their income and spend it wisely tend to have a more mature mindset, whereas those who spend it without hesitation or consideration focusing only on enjoying it until it’s gone tend to think only of momentary pleasure with a less than ideal attitude and mindset. People who are accustomed to managing their money or income well are better prepared for the future because I believe they can think about their future and prepare for it, whereas those who are not accustomed to managing their money well can only think about it they tend to be unable to actually prepare for it.

Even though there have been studies to show that some folks have difficulties deferring gratification, I personally still tend to believe that deferred gratification can be learned (and/or improved upon), even if it might be difficult for some folks to improve their tendencies to not want to defer their gratification.

Bitcoin has a very great potential but always invest with money you can afford to hold for longterm without panicking.

The better expression that helps to set investors into a better sustainable mindset is to "invest with money that you can afford to lose," especially since there is no guarantee that the money will be able to be personally spent at any time in the future as it could have had been spent instead of being invested into bitcoin.  When the money is invested into bitcoin, there may or may not be an ability to spend it in the future... so hopefully, guys who are investing into bitcoin can figure out some balance in their bitcoin investment to understand that the bitcoin price could go up, down or sideways in the short to medium term and even in the long term, so length of time of the bitcoin investment also does not guarantee that the valuation of the bitcoin investment will end up going up rather than down or sideways.

Snip.

Holding Bitcoin investment for a long time will definitely bring profit, but it depends on the patience of each investor the most. Investing in Bitcoin in the current position is a good plan because as we move towards the future, the more Bitcoin usage and price are increasing. So investing in Bitcoin at the moment is the only good plan, according to this plan, if Bitcoin can be held for a long time by following the DCA method, then there will definitely be a chance to make the most profit. The current time for Bitcoin investment is the best, the cash flow helps the investor to accumulate more Bitcoin.

Although Bitcoin has historically shown a significant long-term upward trend, holding Bitcoin for the long term does not guarantee absolute profits because there are various fundamental risks that make profits less certain. Bitcoin prices are highly volatile, Its value can experience a significant decline of up to 70%-80% from its highest point during a bear market. Profits also depend heavily on when you buy Bitcoin. If you buy at the high of a market cycle, you may have to wait a long time before your portfolio returns to break-even, and you may even risk losses if you are forced to sell during a market downturn.

Additionally, past performance does not guarantee future results as Bitcoin value is based on market consensus, adoption and trust. External factors such as strict regulatory changes or new technological innovations in the future can also impact its long-term value. That is why it is highly recommended not to use emergency funds or money you cannot afford to lose when investing in highly speculative assets. If there were a certainty here as you say, there is no way this advice would apply.

We can also consider bitcoin's value to be related to changes in various network effects, as 7 network effects were outlined by Trace Mayer in 2014/2015.

Considering the current scenario, there are many reasons why the price of Bitcoin is likely to increase in the future, one of which is the possibility of it not being readily available in the future because the supply of Bitcoin is limited.

The exchanges will always have bitcoin for sale in their platforms because it’s business for them. Even if individuals don’t want to sell again in the future (which I doubt would ever happen) because there will never be a time when everyone would want to hold on to their bitcoin. There are those that will always stick with the ideology of trading no matter how you try to convince them to hold their bitcoin for long. So I don’t even see a future where one can’t find bitcoin to buy it’s almost impossible for that to happen. In economics they use to tell us that “Once there are willing buyers, there will be willing sellers.

Sure.  Over the yeah and transact in bitcoin based on both incentives and burdens in using third party exchanges rather than the availability and the incentivization of normies to directly transact amongst each other, which is part of the power of bitcoin that many of us likely would be better off to be attempting to make sure that we are holding bitcoin privately and searching for ways to interact with other bitcoiners in terms of buying, selling and transacting in bitcoin rather than overly going through 3rd party custodians and/or relying upon 3rd party custodians in terms of our transactions and/or our holding of our bitcoin.

It is not necessarily easy for some normies to learn about the various private ways to hold bitcoin and to be trying to make sure to be using open source wallets that have code that can be viewed by anyone.  And, whenever we are privately holding and/or transacting with our bitcoin, we also likely have to make sure that we are adequately protecting ourselves in terms of our own security and privacy, which also can take time to have various systems in place to perhaps have some coins for transacting, other coins for cold storage and/or medium storage... and we could be lured into using 3rd party custodians (and exchanges) because it is easier, even though it might not be good for the empowerment of ourselves and the empowerment of other bitcoiners.

Considering the current scenario, there are many reasons why the price of Bitcoin is likely to increase in the future, one of which is the possibility of it not being readily available in the future because the supply of Bitcoin is limited.

The exchanges will always have bitcoin for sale in their platforms because it’s business for them. Even if individuals don’t want to sell again in the future (which I doubt would ever happen) because there will never be a time when everyone would want to hold on to their bitcoin. There are those that will always stick with the ideology of trading no matter how you try to convince them to hold their bitcoin for long. So I don’t even see a future where one can’t find bitcoin to buy it’s almost impossible for that to happen. In economics they use to tell us that “Once there are willing buyers, there will be willing sellers.

You are right, Bitcoin's volatility will never stop. We cannot expect everyone to hold Bitcoin. Bitcoin is inherently volatile, driven by the actions of buyers and sellers. To keep the Bitcoin market moving, one party has to sell and the other party has to buy. If one party is not found in the market, the asset can be destroyed or become a worthless asset. Because, if no one sells Bitcoin, Bitcoin will have no value. To get value, you must sell.

The value of assets is determined by human demand and value is achieved through exchange. No asset will be an exception to this. Where this exception is seen, that asset is worthless. I do not think Bitcoin will ever become a worthless asset. Therefore, we can say that the value of Bitcoin may increase due to the shortage of supply, but there will be no possibility of not getting Bitcoin. If the price increases, someone will sell Bitcoin to take a profit.

There is also some value in terms of making sure that we are not keeping all of our bitcoin value on exchanges or held in various paper bitcoin products that might not even allow us to take immediate possession of the bitcoin.  Many of us can be mislead about the bitcoin price and the bitcoin value based on the ongoing practices of the 3rd parties who are providing access to various derivative bitcoin products that are not even real bitcoin, even if we might be able to withdraw and deposit bitcoin directly to such 3rd parties, yet at the same time, some of those 3rd parties could end up freezing our access to our coins or our abilities to transact in bitcoin or to cash out our bitcoin through our banks (in the event that we might have bank accounts linked to 3rd party bitcoin exchanges/product providers).  

[Shaponzy]

Guys do not need to save up 2-3 months of their expenses prior to getting started buying bitcoin, and frequently they can start buying bitcoin from whatever cashflow situation they find themselves as long as they can figure out that they have discretionary funds available in order to get started buying bitcoin.

........
So long as someone or let's say an investor has started buying Bitcoin, there's a higher chance that the person (investor) will be consistent with accumulating Bitcoin, one can not be consistent when they haven't started.
I do t know, but the truth about financial progress is that you don't need a huge capital to start or let's say pit everything in other to get started, people can start small and still make progress if they know what they are doing, this is where common sense serves best, because without common sense there's a higher chance that one will not get started when they have discretionary income.

I agree with this point. And I will just conclude it this way, Starting small beats waiting for the right or perfect time . Consistency only begins after someone start the first step, because nobody can actually build a  habit from a sidelines, bitcoin investment is not just mathematical, rather its also a behavioral, once peole start buying bitcoin, even with a very low or small amount, everything becomes more real to them easily, because they will begin to monitore transactions, check prices movements and experience both pump and dump with actuall skin in the game, so that processes create a feedback loop that gradually builds discipline,patience and long-term habit of investing. for example You cannot get fit by only planning to start a gym next month. You become fit by showing up once and then repeating it consistently and continously, but some folks see the first step as hardest. Furthermore, financial progress start with action, not with huge capital. Small and steady bitcoin buying over time can turn into  a meaningful progress because of the consistency and time, not necessarily because of the size of the money you invested at the beginning.

[Different patterns]

I am referring to a lump sum situation and not "a third of your cash" as you are describing.  Let's say a situation in which a guy had been investing $100 per week for a whole year (which means that he had already invested $5,200 into bitcoin), and he was continuing to invest $100 per week for as long as he could into the future, unless he were to receive a raise of find some area to save money that would allow him to increase his weekly amount.  If that same guy got a $2k bonus, then he can consider all three categories (of buy right away, DCA, and buy on dip) for that $2k amount and perhaps even allocate 1/3 of the amount for buying on dips as I mentioned.  There is nothing outrageous about deciding in the way that I described, even if there are trade offs as you referred to in your disagreement.

I really get your point more better now, in that kind of situation, that person is already practicing normal regular DCA with the $100 weekly investment. So that extra $2k bonus become another opportunity to apply different strategies wisely. Like to share the bonus into different categories, like buying immediately or to continuing DCA process gradually, and also keep some for possible dips. it actually make a lot of sense because it balances market exposure, it is not about the DCA but about using additional money in  more strategic way. 

Many folks misunderstand lump sum investing as the entire funds must go in at once no matter the market conditions, which is not, in reality investors can still manage the lump sum intelligently depending on market situation. But the must important thing is that the person is already accumulating consistently and not completely relying on timing the market.

Frequently lump sums provide opportunities, and surely it helps that bitcoin buying systems are already in place, since sometimes when people get some kind of a bonus at work or they come accross unexpected cash, one of their first inclinations might be to buy something with the money rather than invest, since normal people might not be used to investing.

Yes that’s truth, lump sums really create good opportunities for accumulation must especially when someone already has a bitcoin plan in place, unexpected funds like gift or extra income can easily be spent on things that are not really necessary. But when someone understands the value of investing and has the habit of buying bitcoin consistently. That unexpected money can become opportunity to strengthen their portfolio instead of increasing unnecessary spending, that’s advantage of having a clear investment system.

Another thing could be that even when a guy first comes into bitcoin, he has other investments and/or other savings amounts that he could authorize to put into bitcoin, yet he might not want to put any of that money into bitcoin in the very beginning, since he is still getting used to the whole process of buying bitcoin and maybe he even would prefer to learn self custody before he puts larger amounts into bitcoin, so he might start out DCAing some regular amounts before he authorizes himself to put higher amounts into bitcoin, and if they strategizing around putting those extra amounts into bitcoin mostly revolve around logistics rather than price, then I would consider that to be merely considering how to allocate the extra (lump sum) amounts, yet if the guy is ONLY focusing on the price and waiting for a dip, then perhaps he had already authorized the amounts, but he had already put the amounts into a buying the dip category rather than being more flexible and immediate with his staring to buy bitcoin right away rather than defering his buying based on BTC price moves that may or may not happen.

This is one of the reasons why many people delay their bitcoin investment, it’s not because they are expecting the price to go down or they don’t believe in bitcoin, but sometimes they simply trying their best to get comfortable with the process first. A person may already have savings, but before moving big amounts into bitcoin investment, they may like to understand how to secure their coin properly, which is not bad, because of that, they may begin investing with a smaller DCA strategy just to have more experience and build confidence over time. And the problem with focusing only on price is that bitcoin may not give exact opportunity someone is waiting for. Starting small and learning gradually can help build confidence while still participating in the market instead of staying on the sidelines.

[Big Dirams]

The better expression that helps to set investors into a better sustainable mindset is to "invest with money that you can afford to lose," especially since there is no guarantee that the money will be able to be personally spent at any time in the future as it could have had been spent instead of being invested into bitcoin.  When the money is invested into bitcoin, there may or may not be an ability to spend it in the future... so hopefully, guys who are investing into bitcoin can figure out some balance in their bitcoin investment to understand that the bitcoin price could go up, down or sideways in the short to medium term and even in the long term, so length of time of the bitcoin investment also does not guarantee that the valuation of the bitcoin investment will end up going up rather than down or sideways.

You are absolutely correct, the best approach and  right mindset to be put towards investing is the mindset of investing with what we can afford to lose not just investing blindly with the amount we can’t afford to lose and just following others approach.
 And you are surely on sight too about how people see bitcoin investment has something that is guaranteed with huge returns and not accepting the true nature of its that returns aren’t guaranteed at all it just all risk which and nothing much about it. That why investing with what we afford to loss is the smart way so one won’t get traumatized and invest so much and be expecting high returns.

[ejikeme24]

This is one of the reasons why many people delay their bitcoin investment, it’s not because they are expecting the price to go down or they don’t believe in bitcoin, but sometimes they simply trying their best to get comfortable with the process first. A person may already have savings, but before moving big amounts into bitcoin investment, they may like to understand how to secure their coin properly, which is not bad, because of that, they may begin investing with a smaller DCA strategy just to have more experience and build confidence over time. And the problem with focusing only on price is that bitcoin may not give exact opportunity someone is waiting for. Starting small and learning gradually can help build confidence while still participating in the market instead of staying on the sidelines.

These security you are talking about here is part of the basic knowledge so after getting the basic knowledge what is expected from us is to get started even though it requires starting small since they are still having some fear,  I know majority of those folks who have not started investing in bitcoin even after getting the basic knowledge is due to the fact that they want to start big so for that they want to be fully sure about their security before getting started, personally I see that as a waste of time because the little knowledge they have got regarding security is enough to start small maybe on the process of accumulating they can as well learn more about security instead of waiting for it.

[Merit.s]

These security you are talking about here is part of the basic knowledge so after getting the basic knowledge what is expected from us is to get started even though it requires starting small since they are still having some fear,  I know majority of those folks who have not started investing in bitcoin even after getting the basic knowledge is due to the fact that they want to start big so for that they want to be fully sure about their security before getting started, personally I see that as a waste of time because the little knowledge they have got regarding security is enough to start small maybe on the process of accumulating they can as well learn more about security instead of waiting for it.

The security aspect of bitcoin isn't the basic knowledge of bitcoin and is not prior to getting started with you bitcoin accumulation. What you need is your discretionary income and common sense to know the exact amount you will put into bitcoin from your discretionary income and to study your own cash inflow management. To know if you are to start slowly.

What are you securing when you are a no coiner. It's better you leave the no coiner zone and become a low coiner as learn as you go. You can start keeping your bitcoin in an exchange in the beginning while you learn about wallet and your preferred choice of noncustodial open source wallet since you are not buying immediately from an exchange and transfer directly to your wallet due to little amount of purchase and also to save you the cost of transaction fees.

[MarjorieZimmermanGinger]

These security you are talking about here is part of the basic knowledge so after getting the basic knowledge what is expected from us is to get started even though it requires starting small since they are still having some fear,  I know majority of those folks who have not started investing in bitcoin even after getting the basic knowledge is due to the fact that they want to start big so for that they want to be fully sure about their security before getting started, personally I see that as a waste of time because the little knowledge they have got regarding security is enough to start small maybe on the process of accumulating they can as well learn more about security instead of waiting for it.

Sometimes we worry too much about situations that can be overcome which actually hinders someone from achieving the desired results. Similarly, people always say that investing in Bitcoin is full of risks, when in fact they need to learn how to act appropriately using simple methods to minimize those risks. Every process involving money carries risks, but if carefully considered, those risks can be minimized. Without taking a direct approach, how can they possibly understand the impact of those risks?

Investing in Bitcoin doesn't require a wealth of knowledge. All it takes is resilience during price declines and a long-term goal for your investment. While considering risks is crucial, understanding the asset's trajectory is far more crucial, so you only need to know how to store it safely. Fear is natural, but learning to overcome it is crucial to avoid hindering your investment.

[alankasman]

...

The security aspect of bitcoin isn't the basic knowledge of bitcoin and is not prior to getting started with you bitcoin accumulation. What you need is your discretionary income and common sense to know the exact amount you will put into bitcoin from your discretionary income and to study your own cash inflow management. To know if you are to start slowly. 

This is something that many people often don't understand because they only think of Bitcoin security as the basic knowledge they learned before they started. However as you stated it's true that someone will be more secure when they have discretionary income. Having discretionary income certainly makes them more organized in managing their Bitcoin security. If someone doesn't have a healthy cash flow no matter how they try to secure Bitcoin they still won't be able to do so because they lack discretionary income. Everyone knows that the best way to secure Bitcoin is simply by having discretionary income and common sense. Learning to manage personal cash inflow is crucial for someone with discretionary income and common sense.

[Sticky Bomb]

The better expression that helps to set investors into a better sustainable mindset is to "invest with money that you can afford to lose," especially since there is no guarantee that the money will be able to be personally spent at any time in the future as it could have had been spent instead of being invested into bitcoin.  When the money is invested into bitcoin, there may or may not be an ability to spend it in the future... so hopefully, guys who are investing into bitcoin can figure out some balance in their bitcoin investment to understand that the bitcoin price could go up, down or sideways in the short to medium term and even in the long term, so length of time of the bitcoin investment also does not guarantee that the valuation of the bitcoin investment will end up going up rather than down or sideways.

You are absolutely correct, the best approach and  right mindset to be put towards investing is the mindset of investing with what we can afford to lose not just investing blindly with the amount we can’t afford to lose and just following others approach.
 And you are surely on sight too about how people see bitcoin investment has something that is guaranteed with huge returns and not accepting the true nature of its that returns aren’t guaranteed at all it just all risk which and nothing much about it. That why investing with what we afford to loss is the smart way so one won’t get traumatized and invest so much and be expecting high returns.

Bitcoin investment is not just all risks, there's a lot more about investing in bitcoin which is on a positive side:

• Bitcoin is a store of value, it is invested in to preserve and possibly increase the value of our funds and save it from depreciating which is obtainable in fiat
• Bitcoin is a good performing asset and as such brings about good investment opportunity
• Bitcoin is censorship resistant and decentralized. If you practice self-custody, then you're in total control of your bitcoin and can utilize it when you want, in this case at the end of your holding period, you can start withdrawing from it without government interference

Investing what you can afford to loose is a call against over aggressiveness, so the investor does not invest beyond his discretionary income or what he cannot hold for long, so that should anything happen to bitcoin, his living wouldn't be affected by the loss of the funds invested in his portfolio. If you have large discretionary income, then you can go ahead to invest a bigger amount into bitcoin, there is no much gain in approaching bitcoin with whimpiness and stacking cash unnecessarily which would still depreciate on the long-run, the more quantities of bitcoin you've the better your chances at profitability and if you hold for a longer time in bitcoin like 10 years and above, you have a higher chance at getting higher returns on your investment.

[Ashawowo(OS)]

This is one of the reasons why many people delay their bitcoin investment, it’s not because they are expecting the price to go down or they don’t believe in bitcoin, but sometimes they simply trying their best to get comfortable with the process first. A person may already have savings, but before moving big amounts into bitcoin investment, they may like to understand how to secure their coin properly, which is not bad, because of that, they may begin investing with a smaller DCA strategy just to have more experience and build confidence over time. And the problem with focusing only on price is that bitcoin may not give exact opportunity someone is waiting for. Starting small and learning gradually can help build confidence while still participating in the market instead of staying on the sidelines.

These security you are talking about here is part of the basic knowledge so after getting the basic knowledge what is expected from us is to get started even though it requires starting small since they are still having some fear,  I know majority of those folks who have not started investing in bitcoin even after getting the basic knowledge is due to the fact that they want to start big so for that they want to be fully sure about their security before getting started, personally I see that as a waste of time because the little knowledge they have got regarding security is enough to start small maybe on the process of accumulating they can as well learn more about security instead of waiting for it.

Bitcoin security isn't basic knowledge and waiting to know exactly how to secure coins before starting to invest is only unnecessary delay, you can get started and consolidating your consistent buys on a CEX, even though you start buying with $50 monthly, hopefully you consolidate to $300 - $500 before moving funds to your non-custodial, decentralized wallet and it would take between 6 - 10 months to arrive at that sum, so you've this duration to keep learning about that security while you remain consistent in buying and holding bitcoin. There is no reason to delay your accumulation journey as long as you've discretionary income, other things can be learned, including accurate cash-flow management practices as you advance in your accumulation journey and you tend to learn better when you're already in the market than when you're just speculating about it.

[Big Dirams]

Bitcoin investment is not just all risks, there's a lot more about investing in bitcoin which is on a positive side:

• Bitcoin is a store of value, it is invested in to preserve and possibly increase the value of our funds and save it from depreciating which is obtainable in fiat
• Bitcoin is a good performing asset and as such brings about good investment opportunity
• Bitcoin is censorship resistant and decentralized. If you practice self-custody, then you're in total control of your bitcoin and can utilize it when you want, in this case at the end of your holding period, you can start withdrawing from it without government interference

Investing what you can afford to loose is a call against over aggressiveness, so the investor does not invest beyond his discretionary income or what he cannot hold for long, so that should anything happen to bitcoin, his living wouldn't be affected by the loss of the funds invested in his portfolio. If you have large discretionary income, then you can go ahead to invest a bigger amount into bitcoin, there is no much gain in approaching bitcoin with whimpiness and stacking cash unnecessarily which would still depreciate on the long-run, the more quantities of bitcoin you've the better your chances at profitability and if you hold for a longer time in bitcoin like 10 years and above, you have a higher chance at getting higher returns on your investment.

Absolutely bitcoin is a valuable asset and a high potential pair with a lot of benefits to offer when approach with the right mindset. Bitcoin has proven to be a sustainable investment that helps a lot of investors at the long run despite the outcome of returns isn’t guaranteed which brings many to invest in it.

And about your statement which I bolded. The mindset of hoping or having the courage of expecting high returns from bitcoin investment is totally wrong, we are not here to hold for long term that what the mindset shows and our mindset towards investing is shifting towards traders mindset and that shouldn’t  be put into consideration.
Focus on the long term goals and future goals not the short term little gains, avoid seeing profits as part of the journey.

[Different patterns]

The better expression that helps to set investors into a better sustainable mindset is to "invest with money that you can afford to lose," especially since there is no guarantee that the money will be able to be personally spent at any time in the future as it could have had been spent instead of being invested into bitcoin.  When the money is invested into bitcoin, there may or may not be an ability to spend it in the future... so hopefully, guys who are investing into bitcoin can figure out some balance in their bitcoin investment to understand that the bitcoin price could go up, down or sideways in the short to medium term and even in the long term, so length of time of the bitcoin investment also does not guarantee that the valuation of the bitcoin investment will end up going up rather than down or sideways.

You are absolutely correct, the best approach and  right mindset to be put towards investing is the mindset of investing with what we can afford to lose not just investing blindly with the amount we can’t afford to lose and just following others approach.
 And you are surely on sight too about how people see bitcoin investment has something that is guaranteed with huge returns and not accepting the true nature of its that returns aren’t guaranteed at all it just all risk which and nothing much about it. That why investing with what we afford to loss is the smart way so one won’t get traumatized and invest so much and be expecting high returns.

Exactly, people misunderstand bitcoin investing because their only focus is potential profits while ignoring the risks involved, some folks enter the market with unrealistic expectations, believing that bitcoin will always deliver a large returns within a short period of time,only that mindset often leads to panic selling or even financial hardship whenever the market becomes volatile. Investing supposed to be done with discretionary income. because bitcoin is still a highly volatile, and no matter how strong someone belief is in, it’s long term future, there are never guarantees. This is reason why proper risk management matter. because people who invest more than they can afford to lose often place themselves under unnecessary hardship, instead of focus on long term,they become obsessed with short term, because they need the money urgently. That pleasure can easily lead to poor decisions, but when someone invest responsibly, they likely to remain patient during the market downturn and continue accumulating gradually and calmly.

[B-BossMan]

So In this case we can agree that having a good bitcoin investment goes beyond having patience, consistency and even discretionary income but also exposure matters too, because it helps you make good and better decisions during your investment journey.

I am not sure if we agree, even though surely it seems to me that there is value in putting good practices into place, even if a guy might not be working with a lot of money, so then if the discretionary income ever is able to increase, then already good practices are in place.  There is value in reinforcing good practices, even though sometimes it can be quite difficult when there are both temptations and even perceived needs to spend money, but if the budget is tight, there might be some needs to figure out the extent to which the thing for purchase is a need or a want, and if the thing for purchase can be deferred or even avoided by some substitute that might not cost any money or perhaps cost less money.  These can be tough decisions when there is very little money available, and surely some guys might be really challenged in terms of figuring out ways to increase their income (especially when they are just a kid so that they might be able to bring better habits as they grow older), and maybe even guys who had developed bad habits when they were younger, they have to figure out how to both develop better habits, but also to put some of those better habits into practice, and if they are still young and they are working in jobs that never seem to pay very much money, they might have to try to figure out ways if they might be able to improve their exposure to better paying jobs, whether that is learning new skills or maybe learning how to meet people who might be able to offer them better jobs so that they can work their way into situations in which their discretionary income is able to go up...but in the meantime, if they have relatively low discretionary income, they need to work with what they have which sometimes may or may not be enough to buy bitcoin, even trying to get up to something like $10 a week of discfretionary income might be quite difficult for some guys.

Good habits towards money is portable, the amounts of money is not really the main key point, if peole learn how to budget properly, and investe consistently with just $10 per week, those habits usually remains, even when thier incomes increases later to like $100/ week the only difference is that the numbers or amounts become bigger while the discipline and system stay the same. Sadly  many peole actually increase their spending after getting raises in financially instead of increasing thier savings and bitcoin investment. In facts learning discipline with small amounts of money can often be more valuable because every purchase matters more. For instance, When discretionary income is up to like $20 weakly that friction truly is useful because it builds awareness, the patience and financial responsibility. It also keeps people actively involved in managing money instead of just be observing from the sidelines.

Moreover, if people can consistently allocate even a small amount of money into Bitcoin for long-term growth, then they have already solved the hardest part challenges, which is building the habit itself. Once income eventually grows, that same habit can turn into meaningful wealth over time without good habits, higher income sometimes only leads to higher spending and little financial progress, so interesting gradually is a good step.

[RockBell]

This is one of the reasons why many people delay their bitcoin investment, it’s not because they are expecting the price to go down or they don’t believe in bitcoin, but sometimes they simply trying their best to get comfortable with the process first. A person may already have savings, but before moving big amounts into bitcoin investment, they may like to understand how to secure their coin properly, which is not bad, because of that, they may begin investing with a smaller DCA strategy just to have more experience and build confidence over time. And the problem with focusing only on price is that bitcoin may not give exact opportunity someone is waiting for. Starting small and learning gradually can help build confidence while still participating in the market instead of staying on the sidelines.

These security you are talking about here is part of the basic knowledge so after getting the basic knowledge what is expected from us is to get started even though it requires starting small since they are still having some fear,  I know majority of those folks who have not started investing in bitcoin even after getting the basic knowledge is due to the fact that they want to start big so for that they want to be fully sure about their security before getting started, personally I see that as a waste of time because the little knowledge they have got regarding security is enough to start small maybe on the process of accumulating they can as well learn more about security instead of waiting for it.

Yes, the basic knowledge is very good for the foundational level of learning, and that is why you have to known then like you said. Starting small is very important, you get a better understanding that way, because with practice, you get more experience, and you will know what the safe zones will be like the next step, but even through the basics, you should be able to know things you are supposed to take seriously because no matter what the schemes that might be presented you need to know what is real and what is not because for sometimes investing in bitcoin have its own challenges  it is better for everyone investing to take things like this to be part of there study.

[cyberninja2]

Absolutely bitcoin is a valuable asset and a high potential pair with a lot of benefits to offer when approach with the right mindset. Bitcoin has proven to be a sustainable investment that helps a lot of investors at the long run despite the outcome of returns isn’t guaranteed which brings many to invest in it.
And about your statement which I bolded. The mindset of hoping or having the courage of expecting high returns from bitcoin investment is totally wrong, we are not here to hold for long term that what the mindset shows and our mindset towards investing is shifting towards traders mindset and that shouldn’t  be put into consideration.
Focus on the long term goals and future goals not the short term little gains, avoid seeing profits as part of the journey.

Bitcoin is a highly valuable asset today because it has significant potential to offer benefits to those who approach it. It's perfectly natural for us to invest more money in investments that benefit us personally. However this also depends on our individual mindset. Not everyone wants to invest in Bitcoin. Some people may not believe in the guarantee of returns so Bitcoin investment is only for certain individuals who understand the ins and outs of investing. Once invested a clear mindset is essential to confidently pursue the long-term investment. This doesn't mean you can't invest in the short term but investing in Bitcoin over the long term is more structured and focused in achieving results. Some people find it difficult to believe in Bitcoin investments so everyone's mindset is different.

Our real task is to continue investing in Bitcoin without thinking about the results. If we place too much hope in what we want when the peak doesn't match our expectations we may always panic about investing in Bitcoin and ultimately no one will invest again because of the frequent failures in achieving profits.
One way to simply persevere in investing, especially long-term investing requires us to focus solely on waiting. The long term is not a short time. However with a mindset of waiting for results one must have patience so that our desire to invest is solely for profit. Although many may be skeptical we must have confidence in investing in Bitcoin. This is the mindset of someone who invests in Bitcoin without thinking about profits.

[Grease5000]

Take for example, someone who has been dealing with investments or managing cashflow for years, taking certain decisions may feel natural and less complicated but for someone who is completely new, those same things may not feel nearly as obvious because they’re still trying to understand risk, discretionary income, and what level of exposure they’re personally comfortable with.

That is exactly true.  There are some guys who might have had been managing their cashflows since they were a teenager, and they are in their 20s, and they already have a lot of experience in figuring out their discretionary income (funds) and making decisions based on such discretionary funds availability... and there may be other guys who never think  about their income versus expenses, and they spend money when they have it, until it is gone and they take out loans without really planning how those loans are going to affect them down the road, and then the one guy is very organized and thoughtful in regards to his cashflows and the other guy is frequently putting out fires when he has income short falls and extra expenses that seem to come up without his realizing them to be pending.

This is a difference in attitude and mindset typically, teenagers who can manage their income and spend it wisely tend to have a more mature mindset, whereas those who spend it without hesitation or consideration focusing only on enjoying it until it’s gone tend to think only of momentary pleasure with a less than ideal attitude and mindset. People who are accustomed to managing their money or income well are better prepared for the future because I believe they can think about their future and prepare for it, whereas those who are not accustomed to managing their money well can only think about it they tend to be unable to actually prepare for it.

Generally, knowledge about financial management starts from the family, that is, from managing one's own spending money in childhood to managing one's own income after adulthood, the education received about everything is reflected in one's mentality and behavior. In this case, many people grow up with very good financial knowledge in childhood, while many may have less knowledge about it. Again, financial knowledge can be more or less depending on personal and family responsibilities. And if all the responsibilities are borne by the family, there is less experience in managing one's own expenses. Depending on the family, investments can be affected. Every adult should have financial knowledge and if they do not have experience, it is important to learn and practice regularly. Moving forward step by step based on one's own financial situation, experience and plan is a safe and sustainable path.

A person’s early life, environment, and daily lifestyle can strongly shape how they make financial decisions. Someone who grew up watching their parents budget carefully or manage business cash flow will likely become more disciplined with money and risk management. On the other hand, someone raised around unstable finances debt, or impulsive spending may struggle with planning and long term investing because survival habits often influence decision making.

Lifestyle also matters. A person who is used to tracking expenses and delaying gratification will naturally approach investments with more patience and structure, while someone surrounded by pressure to spend or someone  wholive for the moment may find it harder to build consistency. Most financial decisions are not just about knowledge, they are also shaped by experience, habits, and the situations people face while growing up.

[CageMabok]

This is something that many people often don't understand because they only think of Bitcoin security as the basic knowledge they learned before they started. However as you stated it's true that someone will be more secure when they have discretionary income. Having discretionary income certainly makes them more organized in managing their Bitcoin security. If someone doesn't have a healthy cash flow no matter how they try to secure Bitcoin they still won't be able to do so because they lack discretionary income. Everyone knows that the best way to secure Bitcoin is simply by having discretionary income and common sense. Learning to manage personal cash inflow is crucial for someone with discretionary income and common sense.

This is true for almost everything, because anyone who wants to maintain something well after owning it naturally has to put in more effort to achieve that. For example, someone who already has a company or business that consistently generates income every month will naturally strive to keep that business running smoothly so that it continues to generate income. Likewise with Bitcoin, everyone who has bought and holds it must be able to take good care of it and over time must also be able to buy more so that the number of Bitcoins they own can continue to increase, so everyone is always advised to have a slightly larger source of income so that they can continue to buy Bitcoin regularly without being hampered by anything.

[Abbatty]

Honestly I get the point now, timeframe at which a guy is being expose to cashflow really really have an impact on decisions they make, because someone who is expose to cashflow at a very young age might have that compose when making such decisions and won’t be freaked by the amount of money that is at his disposal. Unlike a person who have not have such cashflow at his disposal, definitely he his tend to make mistakes and panic when such cashflow hit him.

I am not sure if we agree, even though surely it seems to me that there is value in putting good practices into place, even if a guy might not be working with a lot of money, so then if the discretionary income ever is able to increase, then already good practices are in place.  There is value in reinforcing good practices, even though sometimes it can be quite difficult when there are both temptations and even perceived needs to spend money, but if the budget is tight, there might be some needs to figure out the extent to which the thing for purchase is a need or a want, and if the thing for purchase can be deferred or even avoided by some substitute that might not cost any money or perhaps cost less money.  These can be tough decisions when there is very little money available, and surely some guys might be really challenged in terms of figuring out ways to increase their income (especially when they are just a kid so that they might be able to bring better habits as they grow older), and maybe even guys who had developed bad habits when they were younger, they have to figure out how to both develop better habits, but also to put some of those better habits into practice, and if they are still young and they are working in jobs that never seem to pay very much money, they might have to try to figure out ways if they might be able to improve their exposure to better paying jobs, whether that is learning new skills or maybe learning how to meet people who might be able to offer them better jobs so that they can work their way into situations in which their discretionary income is able to go up...but in the meantime, if they have relatively low discretionary income, they need to work with what they have which sometimes may or may not be enough to buy bitcoin, even trying to get up to something like $10 a week of discfretionary income might be quite difficult for some guys.

Maybe I misunderstood what you said yesterday but I get it now, I get fact that even small amount of money can be managed well, it just a matter of having a good income habit regardless your financial income. I get it now that having a good financial habit can prevent you from living a inflated lifestyle or wasting money on unnecessary things.

Getting to know your needs from wants will really help to be more financially disciplined, especially for people, young people who have low or no income growth.  Just like you said we have see people who barely get up $10 by the end of the week as discretionary income. Such people will definitely struggle with investment but also having a good financial habit might still help to invest no matter how little it might be.