JJG’s Outline of Bitcoin Investment Ideas

[Joeboy]

~snip~

It's probably true, sir, that the wealthy are always pushing Prices down to disrupt the market, causing small investors to Panic and sell. I suspect that if They run out of abilities, they use their abilities to spread fud on social media.

This means we must be truly wise and not be provoked by this market situation. We must continue our buying routine, Because when they Manipulate the market, we can take advantage of it to keep buying. we need is the mental support to Hold for a long time.

But I wonder how many of their members are actually capable of controlling the market. I wonder what they doing this for? Are their short positions putting further downward pressure on the Market?

Sincerely speaking, the whales can manipulate the market all they want, that manipulation cannot affect the long term growth of Bitcoin, it only get to affect the short term price movement... And so the long term investors should have no reason for FUD, and that's coz the manipulation could even serve as an opportunity to get Bitcoin at a more cheaper price without have to wait or delay the kickstarting of your investment journey... And so what may seem like a problem can also be viewed as an opportunity... But then that opportunity only works for the long term investors who invests using their discretionary income...

[JayJuanGee]

[edited out]

Aggressive might mean forcing yourself to buy an uncharacteristic amount, so there's a bit of a push to buy a larger amount. But I agree with you that if the benchmark is discretionary funds then that means we buy according to our own ability, and if the situation is that these discretionary funds are increasing then increasing the amount of purchase is the right choice. With your explanation, it is true and I understand it, and maybe what is meant by aggressive here is buying more than we can afford so that it damages the cash flow. In making decisions, it's good that we have to consider it first, not until when we get a moment that is indeed profitable and we make decisions without consideration.

You seem to be mixing up aggressive with overaggressive @Jody.Drummer, since if you overdo it then you are either going beyond your discretionary funds or you are going beyond what you can psychologically tolerate, even though it might still be within discretionary funds.

Let's say that on average every week you have $100 of discretionary funds that are available for you to do whatever you want with them, and so you could choose to invest anywhere between $0 and $100 into bitcoin, and that is your choice regarding how aggressive or how whimpy you choose to be.  Aggressive or whimpy are relative terms since $80 per week would be more aggressive than $20 per week, and $20 per week would be more whimpy than $80 per week, and at the same time, in the end the choice is totally up to you regarding how high or how low you want to go, and each week you could choose a different amount that you feel that you want to do that week.

You could also create a rule for yourself that you can choose to obey or not, and let's say that you create a rule that no matter what you are going to buy at least 20% of your discretionary income in bitcoin, whether that is whimpy or not.. That is your choice of how much you want to do... and maybe after 14 weeks of investing 20% of your discretionary income into bitcoin, you might decide to change your amount.  Of course, with your discretionary income, you can also choose to save and/or you can choose to discretionarily consume.   Personally, I think it is best to not ignore any of the categories of how you could spend your discretionary funds, even though you could have some weeks that you are allocating 0% to any of the categories, even if you considered each of the categories.

[alankasman]

Aggressive might mean forcing yourself to buy an uncharacteristic amount, so there's a bit of a push to buy a larger amount. But I agree with you that if the benchmark is discretionary funds then that means we buy according to our own ability, and if the situation is that these discretionary funds are increasing then increasing the amount of purchase is the right choice. With your explanation, it is true and I understand it, and maybe what is meant by aggressive here is buying more than we can afford so that it damages the cash flow. In making decisions, it's good that we have to consider it first, not until when we get a moment that is indeed profitable and we make decisions without consideration.

That's the principle of someone who is able to manage their discretionary funds. Even though someone has a lot of income their discretionary funds are only enough to meet their needs. I think it's quite difficult to spend a large amount so I agree more with what you said that we should do it based on our abilities without forcing ourselves to spend a large amount but in the end we ourselves are the ones who become burdened with needs that are sometimes not met. So it doesn't mean we can't spend a large amount but we should focus on the discretionary funds we have without forcing our cash flow which will ultimately damage our own cash flow.

Unless the increase that occurs to the discretionary funds that we have is in the increase so it is not a problem to do it to increase the amount of purchases that we will make because if we force it but the discretionary funds that we have have not been seen to increase so this is not necessary to force it to do something that ends with being forced to the amount of purchases so what we need to do is see how if we do so that what we do does not become a big burden that we will bear the problem ourselves even though our goal is to make a purchase amount with the discretionary funds that we have so we have to be more careful in making decisions because the decision is our own decision so that we have to make a lot of considerations so that what we do to the purchase amount is not wrong in making a decision.

[Alonso_]

It is good to have a profit mindset. Because it keeps a person motivated towards long-term holding and investing.

When you focus too much and only on making profit, you can easily get frustrated and sell any time, if the investment is not actually going as planned, so we should desist from reasoning in such a manner because being profit oriented doesn't serves as a motivation in any form, instead it wired your mindset with profit expectations that will only land you in frustration if the expected profit is not coming quickly or fast.

Bitcoin is definitely an asset but the main reason to invest in Bitcoin is to make a profit. Bitcoin is not a land that we can buy and build a house on in the future and live there. But by investing in Bitcoin we can get enough money to buy 10 such houses if we are able to hold it for a long time. But I am not saying that if we hold it for a long time we will be profitable. Our main goal is to make a profit from Bitcoin.

There are some new people who cannot control themselves and become greedy and want to sell their holdings after seeing small profits. They should continue to buy continuously without being attracted to the price of their Bitcoin in the first place.

Well not everyone invest in bitcoin to make profits, which is why it’s necessary to have an investors mindset becoming the same profit that you’re talking about doesn’t have any guarantees whatsoever.

Bitcoin gives you an opportunity to have control over your money when you’re investing in bitcoin, instead of keeping money in the bank for no reason whatsoever, you can invest in bitcoin and have a better security of your money and you have full control over your money at any given time.

Bitcoin gives you opportunities for profits, which is true, and it gives more freedom and control and security over your money, however there are different kinds of people who wants different kinds of things when investing in bitcoin.

[ZeroVinsonN]

[edited out]

Aggressive might mean forcing yourself to buy an uncharacteristic amount, so there's a bit of a push to buy a larger amount. But I agree with you that if the benchmark is discretionary funds then that means we buy according to our own ability, and if the situation is that these discretionary funds are increasing then increasing the amount of purchase is the right choice. With your explanation, it is true and I understand it, and maybe what is meant by aggressive here is buying more than we can afford so that it damages the cash flow. In making decisions, it's good that we have to consider it first, not until when we get a moment that is indeed profitable and we make decisions without consideration.

You seem to be mixing up aggressive with overaggressive @Jody.Drummer, since if you overdo it then you are either going beyond your discretionary funds or you are going beyond what you can psychologically tolerate, even though it might still be within discretionary funds.

A person can be aggressive without having to overdo it, the problem here is that some people want to accumulate as much bitcoin as possible that they forget to keep it within their discretionary income or within what they can tolerate, they assume that since it's their discretionary income they can go all in with their investment without risk forgetting that there are other things they could do with their discretionary income as well.
Being aggressive isn't wrong on its own as long as the investor understands not to overdo it and keep it within what they can tolerate from their discretionary income, it will become counterproductive to overdo, especially since the plan is long term, we are not competing with anyone else, move at your own pace as an individual and don't lose sight of the goal.

[Sally9256]

[edited out]

Aggressive might mean forcing yourself to buy an uncharacteristic amount, so there's a bit of a push to buy a larger amount. But I agree with you that if the benchmark is discretionary funds then that means we buy according to our own ability, and if the situation is that these discretionary funds are increasing then increasing the amount of purchase is the right choice. With your explanation, it is true and I understand it, and maybe what is meant by aggressive here is buying more than we can afford so that it damages the cash flow. In making decisions, it's good that we have to consider it first, not until when we get a moment that is indeed profitable and we make decisions without consideration.

You seem to be mixing up aggressive with overaggressive @Jody.Drummer, since if you overdo it then you are either going beyond your discretionary funds or you are going beyond what you can psychologically tolerate, even though it might still be within discretionary funds.

Let's say that on average every week you have $100 of discretionary funds that are available for you to do whatever you want with them, and so you could choose to invest anywhere between $0 and $100 into bitcoin, and that is your choice regarding how aggressive or how whimpy you choose to be.  Aggressive or whimpy are relative terms since $80 per week would be more aggressive than $20 per week, and $20 per week would be more whimpy than $80 per week, and at the same time, in the end the choice is totally up to you regarding how high or how low you want to go, and each week you could choose a different amount that you feel that you want to do that week.

You could also create a rule for yourself that you can choose to obey or not, and let's say that you create a rule that no matter what you are going to buy at least 20% of your discretionary income in bitcoin, whether that is whimpy or not.. That is your choice of how much you want to do... and maybe after 14 weeks of investing 20% of your discretionary income into bitcoin, you might decide to change your amount.  Of course, with your discretionary income, you can also choose to save and/or you can choose to discretionarily consume.   Personally, I think it is best to not ignore any of the categories of how you could spend your discretionary funds, even though you could have some weeks that you are allocating 0% to any of the categories, even if you considered each of the categories.

While it's good to invest aggressively when a person can, it's still not proper to go overboard with it. Being overaggressive can be costly because it means going out of the right way by either going beyond discretionary income or putting in more than you can afford which is totally wrong because investment is not meant to cause financial and psychological pressure. Most people get the idea of aggressive accumulation wrongly that's why they end up doing it wrongly. We are expected to be able to know our aggressive limit since we know how much we can take.

I agree with you, there's no universal amount for aggressive accumulation and it's totally the decision of every investor to determine how aggressive they go and when they do it since we all have different situations, expenses and even discretionary fund. In the end ones aggressiveness is determined by how much of their discretionary income they can put into buying Bitcoin and not how much they earn or how much discretionary income they have.
Each investor need to set their own rule of aggressiveness based on their own situation in a way that they form a balance approach by considering other uses of the discretionary fund and not just focusing on a certain category and not neglecting the others.