JJG’s Outline of Bitcoin Investment Ideas

[puloweh555]

Bitcoin is never too late for investment and that is why everyone have to sat down and calculate things well before join the race, it is not a race of survivor but it is a race that will elevate your status that is why it requires serious attention before going into it. Even by using DCA strategies you still need a discretionary income to make things work for you perfectly to avoid any blockage at the end.

Saying you have to sit and calculate things well before investing is wrong and is misleading for newcomers here on the thread. There's nothing to sit down to calculate and besides waiting to calculate things is a waste of time for Bitcoin investment. There's really no reason to sit and wait till you figure things out. The only reason you have to not invest is when you don't have discretionary income but immediately you have discretionary income you should not delay the investment further you should invest immediately.

Investing doesn't require figuring things out, or having knowledge to start, everything including knowledge can be learned as your investment is ongoing so it's not a reason to delay your investment. All that needs to be figured is your discretionary income and a person's common sense can figure out discretionary income because it's just money left after taking care of your necessary expenses.

If you focus too much on the technical side you'll spend too much time carefully calculating everything which often leads to never starting at all. Time passes and Bitcoin has historically shown consistent gains which is why it's best to start first and learn along the way.

Moreover, when investing in Bitcoin there's a strategy called DCA which allows you to start with a small amount of capital and maintain consistency. However, discretionary income is key to starting an investment. Understanding Bitcoin deeply requires experience and gaining that experience requires starting. Many investors have significant Bitcoin portfolios starting with small amounts of $50-$100 per month years ago without a deep understanding of the technical aspects. They simply believe in the fundamentals of Bitcoin as the best asset in the digital age.

[Cgrexp]

This situation can still be remedied to some extent which is that he takes about 50% of his stacked cash(approximately $5000) and uses it to lump sum into bitcoin immediately to attempt making up for lost moments and follow up his buys with consistency.

Don't forget that they guy doesn't have any backup funds which was why the thought of saving up his backup funds to $6000 before getting started which isn't a good approach to invest in bitcoin as a no coiner because he has already delayed himself and missed some good opportunities as he was buy piling up fiat.

For that reason, if he decides to extend his backup funds to $10k which is wrong instead, of using $5k to lump sum and use the rest to DCA and forget about his emergency funds, he should divide the $10k into three parts. He should use 35% for Bitcoin investment, 35% for his emergency funds and $30% for his discretionary consumption.

Whereby the 35% he is putting into Bitcoin can be split into three parts 40% to lump sum right away, 40% for DCA and 20% to buy at dip. While, he continues to use his next discretionary income to DCA consistency overtime till he reaches his bitcoin target.

provided we possess surplus income—is to accumulate assets.

You don't need surplus income before you can start your bitcoin investment, What you need is discretionary income even if it's as little as $10, you are good to go. Some people misunderstand this and think they need a big income and that had deprived then from starting their bitcoin investment when they're capable. What matters is your consistent DCA weekly overtime and not the size of your discretionary income.

One could split the $10k into 3 parts 30 % into Bitcoin 25% kept as an emergency funds and the remaining should be personal discretionary needs for the Bitcoin allocation itself can structures it in a way that Matters.

A fixed share of 30%, 25% will not be applicable to everyone. Because everyone's income, expenses, and family responsibilities are not the same. If someone has more family responsibilities, they may have to pay more to the emergency fund. If someone has a stable income, they can live with a lower emergency fund. Again, if someone has less family responsibilities, they can aggressively buy Bitcoin. These things are not actually divided into a specific number. Rather, they are based on the person's income, expenses, and family responsibilities. The allocation of Bitcoin should be considered based on the person's situation.

  we'll probably need to be a little generous with our first Bitcoin purchase and use our  Bitcoin purchase to learn how to buy Bitcoin, whether it's $100, $10, or some other amount. But if we're going to be buying Bitcoin every week or plan to buy Bitcoin every week no matter what, it's another thing to make sure we have enough money. We'll probably need to have a steady stream of discretionary income. We'll probably also need to have a certain amount of adequate backup funds in case we make a mistake in our income and expense estimates and don't have enough money to handle situations that could turn into emergencies. Although they may only last for a short period of time. We need to make sure we don't make big mistakes that put us out of business. Although we must expect that from time to time there will be mistakes here and there and we will learn from those mistakes along the way. Some people are much more certain about their future income than others and if they invest in Bitcoin with the money they will eventually need for expenses, they will regret that they had enough money to buy Bitcoin when they did not. We do not know the future completely. Because at any moment we can be ruined. Still, we have some confidence in whether we will earn income or not. And if we are really doubtful about our ability to earn income in the future, it may be better for us to keep that money in cash rather than in Bitcoin. The same applies if we do not have enough backup funds and are constantly buying Bitcoin and building our backup funds. If we make mistakes in trying to build both at the same time, we will have to live with the responsibility of our own mistakes. And sometimes these mistakes are someone else's fault, but we will still be responsible if the money doesn't come in the end and we don't have enough money to cover all our expenses for a certain period of time and we have to use Bitcoin at a time we didn't want to.

[Morayoam91]

Bitcoin is never too late for investment and that is why everyone have to sat down and calculate things well before join the race, it is not a race of survivor but it is a race that will elevate your status that is why it requires serious attention before going into it. Even by using DCA strategies you still need a discretionary income to make things work for you perfectly to avoid any blockage at the end.

Saying you have to sit and calculate things well before investing is wrong and is misleading for newcomers here on the thread. There's nothing to sit down to calculate and besides waiting to calculate things is a waste of time for Bitcoin investment. There's really no reason to sit and wait till you figure things out. The only reason you have to not invest is when you don't have discretionary income but immediately you have discretionary income you should not delay the investment further you should invest immediately.

Investing doesn't require figuring things out, or having knowledge to start, everything including knowledge can be learned as your investment is ongoing so it's not a reason to delay your investment. All that needs to be figured is your discretionary income and a person's common sense can figure out discretionary income because it's just money left after taking care of your necessary expenses.

Avoid wasting time trying to identify the perfect time to invest in the market, it may be a source of regret for you, you can start with a small amount of money and you will become an experienced and skilled and confident investor through regular market monitoring, if you have an income base from which you can start your investment from the remaining money after meeting your necessary expenses, you will be less likely to panic in temporary fluctuations because you start investing from a small part of your income and even if this small step of yours seems small now, it will make a big difference for you in the future, to remain patient in the long run, you have to ignore many obstacles and keep your goal fixed.

[JayJuanGee]

Well that is true.  A guy could have such messed up finances that he is not really in a position to really determine that he has a sufficient amount of discretionary funds available to get started buying bitcoin, and availability of back up funds could be a part of that assessment, and it is hard to recognize any circumstances in which it would be justified to invest in bitcoin if there aren't any back up funds, unless the paycheck is coming the next day, and even then it could be risky, since paychecks sometimes do not come when they are expected to come.

The truth is back up funds are not even optional because it create discretionary funds. The more we dwell on this, the more it justify the need to invest with discretionary funds. Even with regular paycheck, it sometimes delay for one reason or another. If for instance, your investment in BTC today means you can't eat tomorrow if your pay is delay, then you are just gambling not investing. There are things you need to put in order even if you don't have up to 6 months expenses.

Who is saying that there is any need to build up to 6 months of expenses in cash?  That is ridiculous.

I know that a lot of mainstream investment advisors talk about having 6 months of expenses in cash, yet it seems quite unrealistic for anyone who actually realizes the rate at which fiat is debasing, which is likely in the 7% to 10% or greater territories, depending on what is in a persons regular expenses and also depending on the strength of the cash that is being used and/or other geographical (national?) factors related to price.

Now if a person has been investing into bitcoin for several years and/or maybe if he has built his bitcoin investment up to be worth a year or more of expenses, then there could be some justification to continue to build up the cash or cash equivalents to higher levels, but then even a person who might have a lot of wealth in bitcoin to offset the cash reserves, there might be reasons to hold the higher levels of value, such as beyond 3-4 months in assets that are working rather than cash and perhaps to use those as extra cushions to be able to sell prior to selling bitcoin in instances in which the income goes low and/or the expenses go up.

You need to ensure your bill for the current cycle is covered. At least small buffer is necessary but most importantly, stable income is a must.

Many times we think about monthly cycles in terms of bills, yet surely folks might have their income and/or bills coming in different frequencies.

There is also no need to establish a "stable income" prior to getting started buying bitcoin as long as a person is able to determine that they have discretionary funds available.

There could be issues about continuing to invest in bitcoin for some folks who have unstable income and unstable expenses, yet each time that they are considering whether or not to buy some bitcoin, the main consideration remains the extent to which they then have an amount of discretionary funds that they consider sufficient to buy some more bitcoin, whether that is $100, $10 or some other amount that they consider to be reasonable within their own determinations.

You make it sound as if having basic knowledge and understanding how to accumulate and knowing the best wallet to use is something complicated that takes time to learn. This is something that can be done easily. Anyone with common sense should be able to figure out their discretionary income and a person can start investing using a a reputable exchange to store your Bitcoin at first and as the investment is ongoing they can figure out which wallet is best for long term holding. The risk with exchanges is usually when you hold your coins there for a long period of time. So basically there's no reason to delay your investment just to have basic knowledge. You should invest as soon as your expenses are sorted and you have discretionary income left. Every knowledge can be pursued while your investment is ongoing so stop misleading people in here.

Many investors are still holding bitcoin in exchanges because they preferred it to be secured and easy to use than wallets but the disadvantages side of using exchanges to hold your bitcoin is that it could be hacked and your money will be completely loss especially if the exchange affected cannot refund you. Investors who likely hold bitcoin in CEX risked lossing their bitcoin assets if the exchange is hacked. It doesn't matter wether you are holding for a short or a long period of time or not, hacks can occur at any given time, you shouldn't hold your asset there rather you should transfer it at once into a non custodia wallets. If you can figure out discretionary income and a preferred exchange to buy from then it shouldn't take you time to undertand how they can be transfer  to a secure non custodia wallet.

Newbies do not need to figure out self-custody before they start to buy bitcoin, and they also can figure out for themselves the extent to which they are better off to have some of their coins in self-custody rather than being held with third parties such as exchanges.  Otherwise, I agree with you that there are risks in holding coins with 3rd parties, and the fact of the matter those are not real bitcoin, yet at the same time, some people might take some time before they are ready, willing and/or able to move to self-custody and to actually act in order to figure out and also to begin to use the private wallets that they consider suitable to their situation.

[Nheer]

You make it sound as if having basic knowledge and understanding how to accumulate and knowing the best wallet to use is something complicated that takes time to learn. This is something that can be done easily. Anyone with common sense should be able to figure out their discretionary income and a person can start investing using a a reputable exchange to store your Bitcoin at first and as the investment is ongoing they can figure out which wallet is best for long term holding. The risk with exchanges is usually when you hold your coins there for a long period of time. So basically there's no reason to delay your investment just to have basic knowledge. You should invest as soon as your expenses are sorted and you have discretionary income left. Every knowledge can be pursued while your investment is ongoing so stop misleading people in here.

Many investors are still holding bitcoin in exchanges because they preferred it to be secured and easy to use than wallets but the disadvantages side of using exchanges to hold your bitcoin is that it could be hacked and your money will be completely loss especially if the exchange affected cannot refund you. Investors who likely hold bitcoin in CEX risked lossing their bitcoin assets if the exchange is hacked. It doesn't matter wether you are holding for a short or a long period of time or not, hacks can occur at any given time, you shouldn't hold your asset there rather you should transfer it at once into a non custodia wallets. If you can figure out discretionary income and a preferred exchange to buy from then it shouldn't take you time to undertand how they can be transfer  to a secure non custodia wallet.

Newbies do not need to figure out self-custody before they start to buy bitcoin, and they also can figure out for themselves the extent to which they are better off to have some of their coins in self-custody rather than being held with third parties such as exchanges.  Otherwise, I agree with you that there are risks in holding coins with 3rd parties, and the fact of the matter those are not real bitcoin, yet at the same time, some people might take some time before they are ready, willing and/or able to move to self-custody and to actually act in order to figure out and also to begin to use the private wallets that they consider suitable to their situation.

Self custody is really important but people still need to understand that figuring it out is not a reason to delay buying Bitcoin, nothing should, unless you don't have discretionary income available.  Beginners can always start little and simple and doesn't need to understand wallets and security before buying Bitcoin. The most important thing at the beginning is getting exposure to Bitcoin and staying consistent with accumulation and as they gain more experience they can eventually move to self custody when they feel ready.
Using exchanges at the beginning is okay while they gradually learn more about self custody and how to secure their coins properly over time but at at the same time they also need to understand that keeping coins on an exchange comes with risks so it’s not advisable to leave their funds there for too long.

[Popkon6]

Bitcoin is never too late for investment and that is why everyone have to sat down and calculate things well before join the race, it is not a race of survivor but it is a race that will elevate your status that is why it requires serious attention before going into it. Even by using DCA strategies you still need a discretionary income to make things work for you perfectly to avoid any blockage at the end.

Saying you have to sit and calculate things well before investing is wrong and is misleading for newcomers here on the thread. There's nothing to sit down to calculate and besides waiting to calculate things is a waste of time for Bitcoin investment. There's really no reason to sit and wait till you figure things out. The only reason you have to not invest is when you don't have discretionary income but immediately you have discretionary income you should not delay the investment further you should invest immediately.

Investing doesn't require figuring things out, or having knowledge to start, everything including knowledge can be learned as your investment is ongoing so it's not a reason to delay your investment. All that needs to be figured is your discretionary income and a person's common sense can figure out discretionary income because it's just money left after taking care of your necessary expenses.

Avoid wasting time trying to identify the perfect time to invest in the market, it may be a source of regret for you, you can start with a small amount of money and you will become an experienced and skilled and confident investor through regular market monitoring, if you have an income base from which you can start your investment from the remaining money after meeting your necessary expenses, you will be less likely to panic in temporary fluctuations because you start investing from a small part of your income and even if this small step of yours seems small now, it will make a big difference for you in the future, to remain patient in the long run, you have to ignore many obstacles and keep your goal fixed.

You must set your own goals, those who invest in Bitcoin must hold Bitcoin for the future with confidence and commitment to themselves. However, if you keep Bitcoin for a long time, it will definitely be possible to profit, because Bitcoin is being traded with your desired income. So the risk will be much lower, those who are afraid to accept it will basically not participate in Bitcoin investment. You must invest in Bitcoin for the future by taking risks and using patience.

[JayJuanGee]

[edited out]

Yes it's true, some people actually over prioritize backup funds to the point they never truly started any longer, having an emergency savings is important to some extent,because it helps someone to survive some unexpected expenses or temporary income problems, but it's actually becoming a biggest problem when someone get fear of risk and keep pushing the target higher and higher without action or starting investing. For example if someone’s monthly expenses are actually $2,000 having a 3 months buffer of $6,000 is reasonable. But the rpbke is when the person keep saying I will start after $10,000and later changes to $15,000, then the backup funds has turn more excuses for starting a bitcoin investment delaying. The main problems wulith this approach is that time is being wasted.

Not only is time being wasted, it is quite likely the larger the back up funds (especially if they are being kept totally in cash) rather than being partly in assets, they are likely starting to shrink in value faster than the value can be added to them, and so in that regard the person holding so much value in cash and continuing to keep value in cash is never getting ahead.. yet probably even losing way and way more money just to keep the size of the cash holdings up at a seemingly hight level.

However, Bitcoin accumulation is not all about the amount one invented, it all about consistency,patience and discipline and building the strong habit of investing early.

Since bitcoin is so volatile and there is no real way to know if the volatility is going to be upwards or downwards, some folks can be scared from putting money into bitcoin based on its being so volatile, yet surely with bitcoin we have seen that so far in its history the direction of its price curve has tended to slope upward, and even if there cannot be any guarantees that bitcoin's price curve will continue to slope upwardly, there is also various pieces of evidence that ongoingly support that bitcoin has characteristics that make it likely that its price curve will continue to slope upward, even if it is not guaranteed and even if there are decently good likelihoods that there will be a lot of price volatility in both ways along the way.

Someone who actually started with small amounts of money regularly is already learning the cashflow management, control his emotions and long-term investing behavior, and these lessons are valuable and cannot be learned properly through endless planning aline. Moreover instead of them to prioritizing back up funds or waiting for perfect financial security, it's better and smarter to build backup funds and Bitcoin holdings alongside using discretionary income. The both are growing together over time. The facts is, some people become financially stronger not because they waited longer foe anything else, but because they started earlier and stayed consistent.\

Yep.. build the bitcoin and the back up funds at the same time is likely to be amongst the better of plans that help to assure ongoing progress, and perhaps even allows a bit of a prioritization of the bitcoin building side, while giving a sufficient amount of acceptance in recognizing value in also having some cash reserves that are building too, even if they are known to be ongoingly losing value relative to how much goods and/or services they are able to purchase.

[edited out]

It is better to take advantage of the current time and opportunity because the price of Bitcoin is cheaper now than in the future because many people in the past did not give importance to Bitcoin and many just waited, many of them are regretting it now, it is effective to start saving small amounts of Bitcoin according to your ability to invest in Bitcoin because in the future when the price of Bitcoin goes from the current to a high level, you will be far away from those people who can only regret because they did not start earlier, but gradually increase the savings from a limited income, because over time you will gain skills on the one hand, on the other hand, the income base will be stronger and then you will be able to increase the amount of Bitcoin collected and so move forward from within your ability without waiting for the perfect time.

I don't have any problem with the idea of attempting to front load a guys investment in the first cycle or two of investing into bitcoin and then perhaps slowing down in the focus on bitcoin accumulation after a decently good bitcoin base stack had been established, yet I do have problems increasing aggressiveness based on perceptions of price unless of course, there is already a relatively good determination that back up funds are otherwise in a good place that allows increased in aggressiveness based on otherwise strength of the cashflow management (and back up funds).

One thing that give me so much confidence with this DCA strategy is that with even unstable income you can gradually accumulating Bitcoin, not really that you must have a stable income because there are some people who have to work hard to get something such people even enjoying accumulating Bitcoin if really they wish to because their income is not calculated, it is not fixed like a paying job example salary.

This your  statements  can be misleading  if not properly  checked, I don't know what your definition  of unstable income  is but I can assure  you that the most important  thing about investment  most especially investment  like the bitcoin investment  is your income, and if your income are not stable  your investment will fail.

Income may vary and that is why discretionary  income also varies, but you saying  one can actually  go ahead with the investment  even though  his income are  not stable is not right. First thing  you need to do is to get a stable  income that will fuel your investment.  it doesn't  matter the amount  but what matter is that the income flows and that's what stability  means in this essence. As the income  flows, you'll  be able to settle  your basic  need and also have your discretionary  income that you will use for the investment.
I am strongly against  going  ahead with investment  while  your income are not consistent.

Normal newbies do not need to have stable or consistent income prior to starting to invest in bitcoin as long as they have discretionary funds, and the more unstable their current or their expected cashflow situation, then the more justification that they might have to make sure that they have greater quantities of back up funds already in existence.  Of course, there can be variance in which a person with an unstable cashflow situation is able to transition into a situation with more stable cashflow and there might be circumstances in which a person with stable cashflows ends up transitioning into unstable cashflow, and surely each person has to figure out the extent to which he is able to continuously buy bitcoin, such as $100, $10 or some other amount on a weekly basis or however frequently he might have had been buying bitcoin.  

[edited out]

You are equally getting the whole idea wrong also. I’m sure if you have been following up with the teachings here by Jay Juan gee you’ll know that you are getting it wrong with your idea. To start investing in bitcoin all you need is to figure out a discretionary income to use and buy bitcoin. So even if your  income is not stable yet it doesn’t still prevent you or become a barrier why you shouldn’t start accumulating and investing in bitcoin all you need is just a discretionary income and not a stable income. Having a stable income is good but however even if your income is not stable you can still proceed to start investing in bitcoin only if you have a discretionary income available to use and accumulate bitcoin. You must not wait for your income to be stable before you can start investing bitcoin as you can still start to buy gradually with your discretionary income and along the line you can be figuring out ways to improve your income or perhaps get more stable income in the future.

Each guy has to determine from his own perspective the extent to which his discretionary income is sufficient enough to "get started" investing into bitcoin versus continuing to invest in bitcoin, in the event that he had already started.  There are several guys, including myself, who put a decent amount of emphasis and priority on getting started, yet at the same time, guys have to use their judgement regarding how hampered they might consider their current cashflow situation including how many funds that they currently have and their future expectations about income and/or expenses.

[edited out]

We see people of various professions, some have stable income and some have unstable income. Despite this stability and instability, people choose their source of income freely. If the unstable source of income was not profitable, then perhaps no one would be involved in this source of income. But the thing to worry about is that most of the people in the world are involved in unstable sources of income, very few people are involved in stable sources of income.

There are a contractor, a farmer, a businessman and some other professions which are unstable. But since their income is relatively high, this instability does not have a major negative impact. However, their financial management is relatively complex. If you can be skilled in this financial management, then you may be able to provide a lot of prudent money. An unstable source of income is not a barrier to starting an investment or providing prudent money, perhaps he is inefficient in this financial management or he cannot take sufficient advantage of this source of income. Investment requires prudent money for continuous DCA, which is also capable of providing an irregular source of income. Do not make the mistake of thinking that just because it is a stable source of income, it is ideal for prudent money allocation or investment.

Get the fuck out of here with your dumbass, vague and misleading idea of "prudent money," since there is no fucking such thing.

If you want to talk about discretionary money and you want to talk about having enough discretionary money in order to feel comfortable investing in bitcoin, then there is nothing wrong with that.

If you want to talk about normie newbies exercising good judgement in their bitcoin investment, then there is nothing wrong with that either.

There are so many guys that mention this dumbass, vague and misleading idea of "prudent" money, yet they continue to use it, even when guys tell them that they don't know what the fuck they are talking about.. they continue to use such nonsense.

Maybe I should start to delete all posts that use such expression and fail/refuse to speak proper and meaningful english.  There is a term called discretionary income, which is largely the same as disposable income.  Those are acceptable terms and you should be able to figure out to use meaningful words rather than speaking in vague, dumbass and misleading gibberish.

This situation can still be remedied to some extent which is that he takes about 50% of his stacked cash(approximately $5000) and uses it to lump sum into bitcoin immediately to attempt making up for lost moments and follow up his buys with consistency.

Don't forget that they guy doesn't have any backup funds which was why the thought of saving up his backup funds to $6000 before getting started which isn't a good approach to invest in bitcoin as a no coiner because he has already delayed himself and missed some good opportunities as he was buy piling up fiat.

For that reason, if he decides to extend his backup funds to $10k which is wrong instead, of using $5k to lump sum and use the rest to DCA and forget about his emergency funds, he should divide the $10k into three parts. He should use 35% for Bitcoin investment, 35% for his emergency funds and $30% for his discretionary consumption.

That does not make any sense if a person has $10k, then how much of it is he going to authorize for bitcoin investment?  only 35%?  that seems a bit low.

Maybe we need another example?  Is he a brand new investor to bitcoin, and how much is he able to invest into bitcoin from his regular income?

If he is just getting started, it does not tend to be a good idea to start with lump sum.

Now if the guy in your example has $3,500 that he is investing into bitcoin, then is he investing all of it right away, or is he going to employ DCA and/or buying on dips?

Whereby the 35% he is putting into Bitcoin can be split into three parts 40% to lump sum right away, 40% for DCA and 20% to buy at dip. While, he continues to use his next discretionary income to DCA consistency overtime till he reaches his bitcoin target.

Oh?  You answered my question.  I suppose it is possible to do what you are saying, yet I am still unclear about if this guy is brand new to bitcoin or if he had already been doing DCA, and if so then  how much per week?

I do understand that at any time, a person could either receive extra funds or maybe they could authorize themselves to reallocate from some other asset or investment (or even cash) that they might have already had... which is also something that happens if a person is able to get some kind of a loan, such as home line of credit that might have favorable terms and also have the ability to suddenly have a decent amount of extra cash.

provided we possess surplus income—is to accumulate assets.

You don't need surplus income before you can start your bitcoin investment, What you need is discretionary income even if it's as little as $10, you are good to go. Some people misunderstand this and think they need a big income and that had deprived then from starting their bitcoin investment when they're capable. What matters is your consistent DCA weekly overtime and not the size of your discretionary income.

This part is true, since even if we might try to set up systems in which we are trying to buy bitcoin every week, we also might have some variance in how much money we have available from week to week, whether it is $100, $10 or maybe $10k, like in the example that you gave... and yeah, if someone already has various systems in place and they are already pretty strong in their cashflow management and even in their abilities to discretionarily consume, then there may well be no needs to put extra value from funds into discretionary consumption, and there also might not be any need to rapidly put a bunch of money into back up funds, rather than just growing the back up funds at a pace that is otherwise seeming to be reasonable and comfortable.

[Razmirraz]

Snip.

You must set your own goals, those who invest in Bitcoin must hold Bitcoin for the future with confidence and commitment to themselves. However, if you keep Bitcoin for a long time, it will definitely be possible to profit, because Bitcoin is being traded with your desired income. So the risk will be much lower, those who are afraid to accept it will basically not participate in Bitcoin investment. You must invest in Bitcoin for the future by taking risks and using patience.

Yes, setting clear goals and having a long-term commitment is the most important part of Bitcoin investing. This approach can help investors navigate volatility with a foundation of patience, making Bitcoin part of a well planned portfolio strategy. Investing in Bitcoin requires confidence in long-term value growth, so investors must have clear goals to help them stay calm when prices fluctuate, as Bitcoin is known as a highly dynamic asset. Successful investors in Bitcoin investing are not necessarily fearless, but they have measured the risks before taking further steps in investing.

Investors should throw away the "guaranteed profit" mindset because there is no guarantee of profit in any investment, including Bitcoin. Technologically, the future of Bitcoin cannot be guaranteed to always be bright (it could fail) if there are regulatory changes or it is replaced by other technologies, If this scenario occurs, holding Bitcoin long term will not help you. The risks of investing in speculative assets are very real, which is why the golden rule of investing is always to "only use money you can afford to lose."

[cyberninja2]

You don't need surplus income before you can start your bitcoin investment, What you need is discretionary income even if it's as little as $10, you are good to go. Some people misunderstand this and think they need a big income and that had deprived then from starting their bitcoin investment when they're capable. What matters is your consistent DCA weekly overtime and not the size of your discretionary income.

This is true but I also think like this friend that by having additional income it is only to anticipate that we have things that sometimes become responsibilities so that when we need it of course we are not disturbed by what we have done in investments because I tend to do that for the reason that I want to collect as much as possible against the number of assets even in the form of BTC because I have two sources of income so I tend to have additional income as a precautionary tool against holding back from selling when there is a situation that sometimes forces me to sell a little with an amount and that I will not do and I remain as the principle for the reason that I have done with investments to become assets in my future so that currently I need additional income in investing especially having two sources of income that we have.

You must set your own goals, those who invest in Bitcoin must hold Bitcoin for the future with confidence and commitment to themselves. However, if you keep Bitcoin for a long time, it will definitely be possible to profit, because Bitcoin is being traded with your desired income. So the risk will be much lower, those who are afraid to accept it will basically not participate in Bitcoin investment. You must invest in Bitcoin for the future by taking risks and using patience.

We must have an attitude of confidence in ourselves because our goal in investing is only to hold Bitcoin for our future because we have a goal for the future so what we need to do from now on is to have strong confidence and commitment so that what we do in investing will certainly have results especially if we invest in the long term every need we have certainly met because someone will not be able to follow the long term if there is no strong preparation in living their daily lives because the long term is not a short time but a very long time so when getting profits in making long-term investments of course this is one of our main goals according to the planning when we participate in investing in Bitcoin for another reason our future will be easier in enjoying the results that we have fought for through investing every time there is income that is more than our capacity needs and if it is about risk it is common for anyone in carrying out activities and it does not have to be in investing in Bitcoin only but other activities also have risks because the risk is part of a person's journey to achieve success.

[JayJuanGee]

But in fact, I think Bitcoin is still in the early stages. If you want to get out of the weak economic constraints of fiat currency in the future, you should hold Bitcoin.

I won’t say bitcoin is still at the early stages anymore, bitcoin has gone mainstream because of the level of adoption it has gathered over the past few years.

That is bullshit.

What percentage of world adoption of bitcoin do you think that we have?  And who are the owners of bitcoin?

Do you consider paper bitcoin and the ownership of bitcoin derivatives to be reflective of some kind of meaningful adoption?

Sure financialization of bitcoin happens to be one of the 7 network effects outlined by Trace Mayer in 2014/2015, yet I doubt that the mere fact that some of the paper bitcoin pushers are in existence and pushing their inferior paper bitcoin products is actually reflective of "mainstream" adoption of bitcoin.

We have seen institutions, and governments adopting bitcoin and some countries making it legal tenders.

Sure.  We have rich and poor individuals owning bitcoin directly and also owning paper bitcoin.  We also have various institutions (not only financial institutions) getting involved in actual bitcoin and also getting involved in various paper bitcoin products, and also getting excited about various matters related to bitcoin and also related to shitcoins and other "crypto" baloney and likely passive-aggressive battles, and governments are also involved in some of the similar things that institutions are involved in, including looking into possible bitcoin and crypto regulations that are more likely meant to control, monitor and probably handicap bitcoin rather than facilitating bitcoin's abilities to flourish. Maybe El Salvador is the ONLY country that attempted some form of bitcoin promotion and attempting to facilitate bitcoins ability to thrive, yet at the same time, even El Salvador has been criticized in regards to some of its approaches to bitcoin.

I don’t think there’s any country that has internet that haven’t heard of bitcoin.

What difference does it make if someone hears the word "bitcoin," yet they either have no fucking clue what it is or they believe it is something other than what it is or they are striving to figure out ways to capture, control and limit it?

I can agree that the price of bitcoin is still growing and it will continue to grow in the future as adoption continues to increase.

It is true that bitcoin's adoption and/or network effects are likely to continue to increase, yet I doubt that there is much of any evidence to make proclamations that bitcoin is anywhere close to "mature."

But in fact, I think Bitcoin is still in the early stages. If you want to get out of the weak economic constraints of fiat currency in the future, you should hold Bitcoin.

I won’t say bitcoin is still at the early stages anymore, bitcoin has gone mainstream because of the level of adoption it has gathered over the past few years. We have seen institutions, and governments adopting bitcoin and some countries making it legal tenders. I don’t think there’s any country that has internet that haven’t heard of bitcoin. I can agree that the price of bitcoin is still growing and it will continue to grow in the future as adoption continues to increase.

Bitcoin has been connected to the mainstream economy in a very short time just 17 years. The financial system of each country is operated under the guidance of the central bank which is managed by a centralized authority. Since ancient times, gold or silver was used for goods services and transactions after which countries started printing paper money to meet their financial needs. If we compare Bitcoin with a separate financial system and valuable assets, it is only in the last few years that it has been competing with the mainstream economy, so if we consider that Bitcoin is still in its infancy. Due to its limited supply Bitcoin will surpass precious metals such as gold in the coming days.

The battle between bitcoin, currencies and various other stores of value, such as gold, silver or maybe other monetary commodities is likely ongoing and still in its early stages, and sure there can be short term violent fluctuations, yet it could well take 50-200 years or more for some of the battles to work themselves out.. even if there might be various spurts of bitcoin advancement progress along the way.

But in fact, I think Bitcoin is still in the early stages. If you want to get out of the weak economic constraints of fiat currency in the future, you should hold Bitcoin.

I won’t say bitcoin is still at the early stages anymore, bitcoin has gone mainstream because of the level of adoption it has gathered over the past few years. We have seen institutions, and governments adopting bitcoin and some countries making it legal tenders. I don’t think there’s any country that has internet that haven’t heard of bitcoin. I can agree that the price of bitcoin is still growing and it will continue to grow in the future as adoption continues to increase.

Bitcoin has gained global recognition over the years and many companies, institutions, and even the governments has started showing interest in it. The level of adoption is not compared to how it was years ago when only crypto enthusiasts know about it, but now it’s circulating across the world. But even if bitcoin has gone mainstream, I still believe that it’s too early for we to compare it to where global adoption may reach in the future. Because Many people has heard about bitcoin but that doesn’t mean they have understanding on how it works or they are using it actively. Some countries across the world are still struggling with the regulations and many people have not fully trusted bitcoin because of volatility and how some scammers scams people through bitcoin.

Yep.  Bitcoin has a long way to go, even though there are ongoingly various kinds of bitcoin developments and increased adoption, yet at the same time, there are all kinds of bitcoin-related battles, too.. and a lot of ignorance, as you mentioned.

But in fact, I think Bitcoin is still in the early stages. If you want to get out of the weak economic constraints of fiat currency in the future, you should hold Bitcoin.

I won’t say bitcoin is still at the early stages anymore, bitcoin has gone mainstream because of the level of adoption it has gathered over the past few years. We have seen institutions, and governments adopting bitcoin and some countries making it legal tenders. I don’t think there’s any country that has internet that haven’t heard of bitcoin. I can agree that the price of bitcoin is still growing and it will continue to grow in the future as adoption continues to increase.

The fact that they said bitcoin is still at its early stages doesn’t really mean that bitcoin is not known nor is it just evolving. For sure bitcoin is widely known across the globe as stand as the most popular digital currency. I think that the idea of bitcoin still at its early stage is to let people know that the popularity, value, adoption we are seeing now In bitcoin will be over 10x more in the future. Bitcoin will continue to evolve, increase in value Even though the price  goes down at some point in time.

Wow!!!  10x.  You are surely bullish.

[Grease5000]

Snip.

You must set your own goals, those who invest in Bitcoin must hold Bitcoin for the future with confidence and commitment to themselves. However, if you keep Bitcoin for a long time, it will definitely be possible to profit, because Bitcoin is being traded with your desired income. So the risk will be much lower, those who are afraid to accept it will basically not participate in Bitcoin investment. You must invest in Bitcoin for the future by taking risks and using patience.

Yes, setting clear goals and having a long-term commitment is the most important part of Bitcoin investing. This approach can help investors navigate volatility with a foundation of patience, making Bitcoin part of a well planned portfolio strategy. Investing in Bitcoin requires confidence in long-term value growth, so investors must have clear goals to help them stay calm when prices fluctuate, as Bitcoin is known as a highly dynamic asset. Successful investors in Bitcoin investing are not necessarily fearless, but they have measured the risks before taking further steps in investing.

Investors should throw away the "guaranteed profit" mindset because there is no guarantee of profit in any investment, including Bitcoin. Technologically, the future of Bitcoin cannot be guaranteed to always be bright (it could fail) if there are regulatory changes or it is replaced by other technologies, If this scenario occurs, holding Bitcoin long term will not help you. The risks of investing in speculative assets are very real, which is why the golden rule of investing is always to "only use money you can afford to lose."

I agree that confidence and patience are important, but no investment should be seen as definite profit. As a smart Bitcoin investor  you should sets realistic goals and invests with discretionary income so you can stay calm during volatility. Though long term holding improves the chances of growth, but discipline and consistency are what really matter.

The best approach is to take calculated risks, keep accumulating steadily, and avoid expectations of guaranteed returns.

[Chilwell]

Snip.

You must set your own goals, those who invest in Bitcoin must hold Bitcoin for the future with confidence and commitment to themselves. However, if you keep Bitcoin for a long time, it will definitely be possible to profit, because Bitcoin is being traded with your desired income. So the risk will be much lower, those who are afraid to accept it will basically not participate in Bitcoin investment. You must invest in Bitcoin for the future by taking risks and using patience.

Yes, setting clear goals and having a long-term commitment is the most important part of Bitcoin investing. This approach can help investors navigate volatility with a foundation of patience, making Bitcoin part of a well planned portfolio strategy. Investing in Bitcoin requires confidence in long-term value growth, so investors must have clear goals to help them stay calm when prices fluctuate, as Bitcoin is known as a highly dynamic asset. Successful investors in Bitcoin investing are not necessarily fearless, but they have measured the risks before taking further steps in investing.

Investors should throw away the "guaranteed profit" mindset because there is no guarantee of profit in any investment, including Bitcoin. Technologically, the future of Bitcoin cannot be guaranteed to always be bright (it could fail) if there are regulatory changes or it is replaced by other technologies, If this scenario occurs, holding Bitcoin long term will not help you. The risks of investing in speculative assets are very real, which is why the golden rule of investing is always to "only use money you can afford to lose."

I agree that confidence and patience are important, but no investment should be seen as definite profit. As a smart Bitcoin investor  you should sets realistic goals and invests with discretionary income so you can stay calm during volatility. Though long term holding improves the chances of growth, but discipline and consistency are what really matter.

The best approach is to take calculated risks, keep accumulating steadily, and avoid expectations of guaranteed returns.

It is absolutely wrong for someone to expect a guarantee profit in investment because bitcoin is different from any other investment and due to volatile the guarantee profit cannot be achieved with Bitcoin, understand me well definitely if you invest in Bitcoin for a very long time you will gain profit because looking at how bitcoin came and how it was moving up to this stage we can see that it's always move up even when it's moved down that is nature and definitely it will push back again.

This is where the DCA strategy come in, this have helps so many bitcoin investors to accumulate more but the funds that is appropriate for this kind of investment is discretionary income, and with this you will be safe from panic even when volatile occur, since the funds  you use is something you can afford to lose.

[B-BossMan]

You need to ensure your bill for the current cycle is covered. At least small buffer is necessary but most importantly, stable income is a must.

Many times we think about monthly cycles in terms of bills, yet surely folks might have their income and/or bills coming in different frequencies.

There is also no need to establish a "stable income" prior to getting started buying bitcoin as long as a person is able to determine that they have discretionary funds available.

There could be issues about continuing to invest in bitcoin for some folks who have unstable income and unstable expenses, yet each time that they are considering whether or not to buy some bitcoin, the main consideration remains the extent to which they then have an amount of discretionary funds that they consider sufficient to buy some more bitcoin, whether that is $100, $10 or some other amount that they consider to be reasonable within their own determinations.

You are right that some people don't need to have a stable income before they invest in bitcoin  In facts weather someone is earning money daily, weekly or monthly doesn't no really matters,why because bitcoin accumulation can still work perfectly with any incomes patterns.

Also, this is why DCA [ Dollar-Cost Averaging] methods or strategy is very flexible and safer, a person can consistently buying gradually whenever the discretionary income is ready, even if it's with just $10 $29,$30$40,$50 weekly or monthly depending on thier personal choices. Invest wisely and invest early instead of waiting for a stable income.

[Sally9256]

It is absolutely wrong for someone to expect a guarantee profit in investment because bitcoin is different from any other investment and due to volatile the guarantee profit cannot be achieved with Bitcoin, understand me well definitely if you invest in Bitcoin for a very long time you will gain profit because looking at how bitcoin came and how it was moving up to this stage we can see that it's always move up even when it's moved down that is nature and definitely it will push back again.

I think you sound confused and don't understand what you want to say here. You made it clear yourself that expecting a guaranteed profit from investment is wrong because of its volatility and then you still went on to say "definitely if you invest in Bitcoin for a very long time you will gain profit because of Bitcoin history and past performances.

Well you should know that profit is never guaranteed in Bitcoin investment even though you hold for a very long time. It's true Bitcoin has done well in the past and recovered every dip but it's still not a guarantee because in future no one knows what will happen. When profit making is your sole purpose of investing then you're investing with a wrong mindset. Profit is one of the extra benefits of investment but shouldn't be the reason you are investing.

[Umulala-alala]

It is absolutely wrong for someone to expect a guarantee profit in investment because bitcoin is different from any other investment and due to volatile the guarantee profit cannot be achieved with Bitcoin, understand me well definitely if you invest in Bitcoin for a very long time you will gain profit because looking at how bitcoin came and how it was moving up to this stage we can see that it's always move up even when it's moved down that is nature and definitely it will push back again.

I think you sound confused and don't understand what you want to say here. You made it clear yourself that expecting a guaranteed profit from investment is wrong because of its volatility and then you still went on to say "definitely if you invest in Bitcoin for a very long time you will gain profit because of Bitcoin history and past performances.

Well you should know that profit is never guaranteed in Bitcoin investment even though you hold for a very long time. It's true Bitcoin has done well in the past and recovered every dip but it's still not a guarantee because in future no one knows what will happen. When profit making is your sole purpose of investing then you're investing with a wrong mindset. Profit is one of the extra benefits of investment but shouldn't be the reason you are investing.

I believe that what is guarantee in this life we are is dealt nothing else is guarantee making profits or even successful in bitcoin investment is not even guarantee even though we hodl for long but we only hope if been successful in bitcoin long term investment but no guarantee due to it volatility, this is also one reason we are expected to invest with our discretionary income which is money we won't be needing in a long time incase our investment went in a way we didn't expect there won't be any cos to panic.

[Big Dirams]

Newbies do not need to figure out self-custody before they start to buy bitcoin, and they also can figure out for themselves the extent to which they are better off to have some of their coins in self-custody rather than being held with third parties such as exchanges.  Otherwise, I agree with you that there are risks in holding coins with 3rd parties, and the fact of the matter those are not real bitcoin, yet at the same time, some people might take some time before they are ready, willing and/or able to move to self-custody and to actually act in order to figure out and also to begin to use the private wallets that they consider suitable to their situation.

Exchanges carries high risk for the facts that we are not in position of the private keys but for learning self custody before embarking on a bitcoin investment journey can be seen as procrastination. So I fully agree with your point.
It clearly okay to start with storing our holdings in exchanges and have proper time to learn and expand our knowledge about bitcoin and also the plan of moving our funds into private wallet. With proper education and experience we could later decide on when we are fully ready to move our holdings into self custody.

Bitcoin is an accessible currency no need to get frustrated over any little situations of where to store our holdings. And this self custody of a thing shouldn’t serve as an obstacle which is refraining us from starting our bitcoin journey. We can start with exchanges and accumulate gradually for proper education before moving our holdings.

[bangjoe]

However, Bitcoin accumulation is not all about the amount one invented, it all about consistency,patience and discipline and building the strong habit of investing early.

Since bitcoin is so volatile and there is no real way to know if the volatility is going to be upwards or downwards, some folks can be scared from putting money into bitcoin based on its being so volatile, yet surely with bitcoin we have seen that so far in its history the direction of its price curve has tended to slope upward, and even if there cannot be any guarantees that bitcoin's price curve will continue to slope upwardly, there is also various pieces of evidence that ongoingly support that bitcoin has characteristics that make it likely that its price curve will continue to slope upward, even if it is not guaranteed and even if there are decently good likelihoods that there will be a lot of price volatility in both ways along the way.

The boost of confidence in veteran bitcoin investors and the perception that bitcoin will be resistant to inflation that makes bitcoin will continue to grow over time, every year economic stimulus is done, the government prints money, when the money goes down to the public and rotates so that it goes into their pockets, people who understand investment will choose the best investment assets, and now bitcoin is recognized by anyone to be an inflation-proof asset and often provides a profitable return for its holders, the view inherent in this layer of society will be bitcoin as one of the assets of value storage, this perception is growing significantly in this modern world and I think it can be a strong reason why bitcoin will always experience growth.
Volatility is a source of opportunity for new enthusiasts and old investors to get more bitcoin, basically there is no guarantee bitcoin has an increase but with what we have experienced for more than a decade shows that bitcoin is clearly very profitable if held in the long term.

[cxtreenal]

It is absolutely wrong for someone to expect a guarantee profit in investment because bitcoin is different from any other investment and due to volatile the guarantee profit cannot be achieved with Bitcoin, understand me well definitely if you invest in Bitcoin for a very long time you will gain profit because looking at how bitcoin came and how it was moving up to this stage we can see that it's always move up even when it's moved down that is nature and definitely it will push back again.

I think you sound confused and don't understand what you want to say here. You made it clear yourself that expecting a guaranteed profit from investment is wrong because of its volatility and then you still went on to say "definitely if you invest in Bitcoin for a very long time you will gain profit because of Bitcoin history and past performances.

Well you should know that profit is never guaranteed in Bitcoin investment even though you hold for a very long time. It's true Bitcoin has done well in the past and recovered every dip but it's still not a guarantee because in future no one knows what will happen. When profit making is your sole purpose of investing then you're investing with a wrong mindset. Profit is one of the extra benefits of investment but shouldn't be the reason you are investing.

I believe that what is guarantee in this life we are is dealt nothing else is guarantee making profits or even successful in bitcoin investment is not even guarantee even though we hodl for long but we only hope if been successful in bitcoin long term investment but no guarantee due to it volatility, this is also one reason we are expected to invest with our discretionary income which is money we won't be needing in a long time incase our investment went in a way we didn't expect there won't be any cos to panic.

Nothing is certain but still you don't give up because there is a word called probability and if you try with discipline you can succeed. Most investors know that the price of Bitcoin is volatile. Perhaps because of this feature, everyone is more inclined towards this digital asset and a large number of holders are regularly accumulating Bitcoin for long term. Make sure that you accumulate Bitcoin regularly through discretionary income because regardless of the risk it is better to be prepared.

[Cyber_warrior]

Well that is true.  A guy could have such messed up finances that he is not really in a position to really determine that he has a sufficient amount of discretionary funds available to get started buying bitcoin, and availability of back up funds could be a part of that assessment, and it is hard to recognize any circumstances in which it would be justified to invest in bitcoin if there aren't any back up funds, unless the paycheck is coming the next day, and even then it could be risky, since paychecks sometimes do not come when they are expected to come.

The truth is back up funds are not even optional because it create discretionary funds. The more we dwell on this, the more it justify the need to invest with discretionary funds. Even with regular paycheck, it sometimes delay for one reason or another. If for instance, your investment in BTC today means you can't eat tomorrow if your pay is delay, then you are just gambling not investing. There are things you need to put in order even if you don't have up to 6 months expenses.

Who is saying that there is any need to build up to 6 months of expenses in cash?  That is ridiculous.

I know that a lot of mainstream investment advisors talk about having 6 months of expenses in cash, yet it seems quite unrealistic for anyone who actually realizes the rate at which fiat is debasing, which is likely in the 7% to 10% or greater territories, depending on what is in a persons regular expenses and also depending on the strength of the cash that is being used and/or other geographical (national?) factors related to price.

Now if a person has been investing into bitcoin for several years and/or maybe if he has built his bitcoin investment up to be worth a year or more of expenses, then there could be some justification to continue to build up the cash or cash equivalents to higher levels, but then even a person who might have a lot of wealth in bitcoin to offset the cash reserves, there might be reasons to hold the higher levels of value, such as beyond 3-4 months in assets that are working rather than cash and perhaps to use those as extra cushions to be able to sell prior to selling bitcoin in instances in which the income goes low and/or the expenses go up.

You're totally right . i don't know why people see the “keep 6 months of expenses in cash” advice like it is general rule when it is really not. In an environment where fiat constantly loses purchasing power holding too much cash as reserves can end up costing more in the long run.
Having some emergency liquidity is fine but once a person already has enough Bitcoin and other investments then keeping too much idle cash start to look inefficient. At that point I think it makes more sense to let most of your money stay in assets that can actually preserve or grow in value rather than slowly depreciating in a bank account.

You need to ensure your bill for the current cycle is covered. At least small buffer is necessary but most importantly, stable income is a must.

Many times we think about monthly cycles in terms of bills, yet surely folks might have their income and/or bills coming in different frequencies.

There is also no need to establish a "stable income" prior to getting started buying bitcoin as long as a person is able to determine that they have discretionary funds available.

There could be issues about continuing to invest in bitcoin for some folks who have unstable income and unstable expenses, yet each time that they are considering whether or not to buy some bitcoin, the main consideration remains the extent to which they then have an amount of discretionary funds that they consider sufficient to buy some more bitcoin, whether that is $100, $10 or some other amount that they consider to be reasonable within their own determinations.

A lot of people think investing only works when you have a fixed monthly income but that’s not true. You don’t need to be earning the same amount every month before you can start buying Bitcoin. What matters most is having some discretionary income left after taking care of your important needs and necessities. I also think many people misunderstand what consistency means when it comes to investing. They believe consistency means buying at strict intervals which is why they feel a stable income is necessary before getting started but consistency does not always have to be rigid, sometimes it simply means buying whenever your situation allows you to.

Even with irregular income someone can still gradually build their Bitcoin holdings as long as they prioritize necessities first and only invest money they can comfortably afford to set aside.

[Rockson1]

It is absolutely wrong for someone to expect a guarantee profit in investment because bitcoin is different from any other investment and due to volatile the guarantee profit cannot be achieved with Bitcoin, understand me well definitely if you invest in Bitcoin for a very long time you will gain profit because looking at how bitcoin came and how it was moving up to this stage we can see that it's always move up even when it's moved down that is nature and definitely it will push back again.

I think you sound confused and don't understand what you want to say here. You made it clear yourself that expecting a guaranteed profit from investment is wrong because of its volatility and then you still went on to say "definitely if you invest in Bitcoin for a very long time you will gain profit because of Bitcoin history and past performances.

Well you should know that profit is never guaranteed in Bitcoin investment even though you hold for a very long time. It's true Bitcoin has done well in the past and recovered every dip but it's still not a guarantee because in future no one knows what will happen. When profit making is your sole purpose of investing then you're investing with a wrong mindset. Profit is one of the extra benefits of investment but shouldn't be the reason you are investing.

Even though nothing is guaranteed in Bitcoin, it doesn't mean that we should not allow people to believe in whatever they want to believe in, people believe in Bitcoin because of history which is the past events that keeps reoccurring, Bitcoin has continued to prove that it is truly a long-term investment that is capable up surging in the future, if we look back to when Bitcoin was created till the very time, we will see reasons why no matter what you tell some people about nothing being guaranteed whether as a short term or long-term investor in Bitcoin, they won't want to listen to such or take such word serious, let's not forget that some persons had the opportunity to invest those days and were discouraged with different mindset or doubt, do you think such persons will take this statement serious? They'll see it as discouragement rather than truth, the word nothing is been guaranteed exist because of volatility which means price fluctuations, it also exist because of unexpected occurrence but we should allow people to believe in what they have conviction on.