JJG’s Outline of Bitcoin Investment Ideas

[samadam007]

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.

I disagree with this statement. Treating Bitcoin mainly as a profit machine is risky and misses what makes it special. Many people hold Bitcoin as a long term store of value, similar to how families hold land for generations. The profit often comes as a result of believing in that usefulness, not the other way round. When your main goal is just to make money, it’s easy to get emotional. You buy when prices are high, panic and sell when they drop.That’s how most people lose.

[Umulala-alala]

[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.

Aggressive buying of BTC isn't bad as long as it's not been over do the problem comes when an investor over do it by buying beyond his limit or buying outside his discretionary income, people who over buy aggressively without been control and also forgotten they also need to set up some emergency funds has already started gambling with his bitcoin investment and may not stay long in the market without selling off most of this bitcoin holding.

[B-BossMan]

[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 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.

 You really have a point here. It's actually a good ideas to have a rule that will govern our finances when investing in bitcoin for long-term holdings such as allocating a minimum percents or certain amount of thier discretionary income every monthly or weekly. However,  the facts is, it's not how conservative or aggressively one's allocation is, but how one can be able to sustain it over a period of time or long-term. Of course, a person that sonsistently  invest like 20 percent of his discretionary income over so many months may achieve better results than someone just goes all for some weeks and then stops because of his financial situation or unexpected emergency, and that's why it's good to placed it on flexibility. As circumstances change one can review and adjust his allocation without abandoning his plans.

Also, it's good as an investors not to forget back funds or personal money spending. Bitcoin accumulation shouldn't be difficult but should be complement in one's life. Moreover, newbies should stack what they can and protect what they must then spend on what they really need, regularly consistent usually processes a better long-term results, rather than trying to be overly aggressive that may eventually burning out

[Different patterns]

[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.

This is nice idea, but the important thing is not whether someone invests $20 per week, but whether the amount is sustainable for their financial situation, because having a personal rule as you suggested, such as investing a percentage of discretionary income, can also help remove emotionas and create consistency from the process. In other hand, it’s wise not to abandon the other uses of discretionary funds. Such as investing regularly, maintaining some savings, because they can make the strategy easier to sustain over a long term, eventually. The balanced approach is what helps some folks to stay committed to their investment plan and continue building their bitcoin over time.

[Itz-prisigold]

Bitcoin is a promising investment, especially in the long run. In addition, the long-term price increase has provided huge profits for investors who buy it with the right strategy. But what you say is true, it is not a guarantee that everyone will get benefits or that the benefits in this case are very guaranteed, because The value of Bitcoin is highly volatile. The price can soar, but it can also plummet in a short period of time. This makes potential losses possible in an instant.
 
And even so we should not focus only on profits because there are still risks so what you say is not everyone invests in Bitcoin to get profits I think is right too. It's better to just focus on accumulating a budget to invest this in order to do it consistently.

This your point about "right strategy" might be a bit misleading to new investors though, because I believe that everyone accumulates Bitcoin according to their own financial situation. See one thing about Bitcoin investment is that a strategy that might work perfectly for you, might be completely unsuitable to another investor that has a different cashflow, expenses, responsibilities and financial priorities.

Secondly if people always frame the discussion around "huge profit," that can easily make new investors to start having this impression that profit is actually the main objective of Bitcoin investment. But the truth is that, many investors don't even put their focus on profit, their main focus is on building a sustainable accumulation plan. Their main priority is managing cashflow, how to only invest from discretionary income and maintaining consistency over a long period of time.

The effectiveness of a strategy isn't going to be judged by how much profit it actually promises, it is judged by whether or not it can withstand varying market conditions without putting pressure on your finances or causing emotional choices.

[Jewan420]

Aggressive buying of BTC isn't bad as long as it's been over do the problem comes when an investor over do it by buying beyond his limit or buying outside his discretionary income, people who over buy aggressively without been control and also forgotten they also need to set up some emergency funds has already started gambling with his bitcoin investment and may not stay long in the market without selling off most of this bitcoin holding.

The current time is the time to maintain that control. The current market of Bitcoin has given us an opportunity to buy at a price almost 50%+ lower than the ATH. We can consider this time as a time of dip and be as aggressive in investing as possible. But we must be controlled in that aggressive attitude, if we forget our boundaries and continue to invest beyond our means, then we are definitely putting our investment at risk. Because as important as investment is for you, it is also important to meet your daily basic needs, and even having a backup fund that can act as your main weapon in an emergency. We should never forget and ignore our means. Try to be aggressive in investing within your means, to catch the lowest level, definitely stay connected with DCA. Because DCA is the only one that can help you catch the lowest level, because we do not know where that level will end.

[BluebloodCXVI]

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.

Perhaps if folks have covered all their essentials and they are using the money that would otherwise go to their wants rather than their needs, then the amount of discretionary income that they choose to put into bitcoins is totally up to them.
Certainly the most important thing is for them to know if they can be able to sustain the amount of discretionary income that they put into their bitcoin investment and not later end up needing the money back to sort an expense. And if something like this happens then i think that it is a clear sign that you’re overdoing things at that point. To me there is nothing wrong in being aggressive with your investment but don’t do it at the expense of your comfort.

[Rockstarguy]

If you want to invest in Bitcoin, you should definitely invest in the long term. Because the more you use it according to the discretionary rules, the more Bitcoin you will be able to accumulate. Bitcoin should be invested in the long term, not in the short term.
In this current situation, Bitcoin investment plays the most effective role, if you do not invest in Bitcoin at the right time, then you are ruining your future. Therefore, you should definitely hold Bitcoin investment in the long term by using discretionary income.

The right time to buy Bitcoin is now. Every time you have the opportunity to buy Bitcoin, waiting for a particular time or day is not the best approach. Instead, buying at the moment when you think of purchasing Bitcoin is advisable.

Waiting for the best time to buy Bitcoin is just a waste of time and opportunities. Starting to buy Bitcoin now is the best way to enter the market because buying at a specific time is not better than when you should have bought. It is important to understand that investing in Bitcoin is a long-term commitment, and this is the mentality every investor needs to adopt.

[ASloveapg]

[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.

Aggressive buying of BTC isn't bad as long as it's been over do the problem comes when an investor over do it by buying beyond his limit or buying outside his discretionary income, people who over buy aggressively without been control and also forgotten they also need to set up some emergency funds has already started gambling with his bitcoin investment and may not stay long in the market without selling off most of this bitcoin holding.

You should only buy the maximum amount of Bitcoin that you can afford, you should not buy Bitcoin beyond your means, if you want to buy Bitcoin beyond your means, then you are going to sell your Bitcoin holding very quickly at a loss, because when you buy Bitcoin beyond your means, then when you need that money, then you will have to sell your holding, and this will only cause a loss. So you should first consider your financial capacity, ensure financial security, and then you should invest in Bitcoin with the amount of money that you can afford.

[Cryptoprincess101]

The right time to buy Bitcoin is now. Every time you have the opportunity to buy Bitcoin, waiting for a particular time or day is not the best approach. Instead, buying at the moment when you think of purchasing Bitcoin is advisable.

Waiting for the best time to buy Bitcoin is just a waste of time and opportunities. Starting to buy Bitcoin now is the best way to enter the market because buying at a specific time is not better than when you should have bought. It is important to understand that investing in Bitcoin is a long-term commitment, and this is the mentality every investor needs to adopt.

You don't just tell someone that the right time to buy bitcoin is now, do you know if they have the discretionary income to invest with? The best time to invest in Bitcoin is when you have the discretionary income to start with because that is the amount that you can afford to lose. Of course, there is no best time to invest in Bitcoin but that doesn't mean that you should be in a haste when you know that your financial strength is not capable sustaining your investment in the long term.

[Rockstarguy]

You don't just tell someone that the right time to buy bitcoin is now, do you know if they have the discretionary income to invest with? The best time to invest in Bitcoin is when you have the discretionary income to start with because that is the amount that you can afford to lose. Of course, there is no best time to invest in Bitcoin but that doesn't mean that you should be in a haste when you know that your financial strength is not capable sustaining your investment in the long term.

How does it make sense for someone who doesn't have income or discretionary income to invest in Bitcoin? You can only invest in Bitcoin now provided you already have discretionary income.

The phrase "now" means someone who already has plans and the income to invest in Bitcoin but is thinking there is a better time to buy Bitcoin than right now. If you are waiting to buy Bitcoin at your own convenient time, you are just making mistakes and wasting your time. It is better to take action than to wait because this attitude has caused many people to wait and procrastinate on buying Bitcoin.

[SmartCharpa]

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.

It would be better that you speak for yourself than generalizing it that our main goal is to make profit, as you proclaimed at the ending of your statement. You are wrong, because not everyone thinks like you that is profit oriented, and because you are profit oriented, you may be unable to hold for a very long period of time because that urge to sell your bitcoin holdings for quick profit, will be a big problem, and you may sell too early just for minimal gains.
Some people invested in Bitcoin for that privacy and that self custodian right Bitcoin brings, while some invested in it as a store of value, so it's wrong to say that everyone is investing in Bitcoin because of profit.

It’s very surprising that some people believe that everyone main goal for investing in Bitcoin is to make profit. A guy may not even hold their Bitcoin long enough if profit is their only goal, because anytime the market gives them a better profit, they will sell their Bitcoin and leave the market. And that’s why it is wrong to think that everyone has the same mindset. Majority of people invested in it as a store of value and to have a control over their own money.

Moreover, I believe that profit is one of the reasons why some people invest in Bitcoin, but we should not assume that it is what we all want. You can speak for yourself doesn’t mean you can speak about others. Some people see the benefit of Bitcoin as a long term savings, so that’s why it is good for everyone to speak for their self when discussing about Bitcoin, instead of claiming that every invest in Bitcoin is to make profit.

[Silikiem]

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.

Bitcoin is a promising investment, especially in the long run. In addition, the long-term price increase has provided huge profits for investors who buy it with the right strategy. But what you say is true, it is not a guarantee that everyone will get benefits or that the benefits in this case are very guaranteed, because The value of Bitcoin is highly volatile. The price can soar, but it can also plummet in a short period of time. This makes potential losses possible in an instant.
 
And even so we should not focus only on profits because there are still risks so what you say is not everyone invests in Bitcoin to get profits I think is right too. It's better to just focus on accumulating a budget to invest this in order to do it consistently.

I believe not everyone that are investing in Bitcoin are doing that for the sake of profit, but they consider it as an asset a digital asset which they believe that it will never reduce in value. Bitcoin investment is actually for the future I mean long time investment.

Just as you said investing using the best strategy always bring a better results, because you will never feel any stress when you follow that strategies and before you know you will accumulate more Bitcoin with ease. Long terms bitcoin investment only lies in a few rules which if properly followed you arrive the best destination without feeling any anxious.

It will be wrong for investors to neglect the volatile nature of bitcoin which makes it unpredictable. No doubt bitcoin have increased so much in value over the years and have recorded so many ATH but still doesn’t mean investors should forget to also acknowledge that bitcoin is highly volatile in nature which means that there’s also a potential of the value going down at some point in time but even though the price goes down at some point in time bitcoin have always recovered after every falls.

[Agbam]

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.

People need to know the difference between aggressive investment and over overaggressive investment, it’s not base on the amount you invest, but based on your own financial situation. For instance, the examples that you give if a person has $100 as his discretionary fund (leftover money after all the necessary need), investing $80 is aggressive, but it will only make him gather more Bitcoin in a short period of time, in this circumstance it’s helpful to him. On the other hand if you are earning $100 as your weekly income without any additional income, sometimes even investing $40 weekly becomes overaggressive. Because your situation is not the same as the person that has $100 as his discretionary fund.

So, it’s just about understanding your own situation and knowing how to invest, and still not affect your finances. Because if you invest and it affects your finances you will end up selling everything at lost just to survive, and at the end you will find nothing to show as your bitcoin investment. For instance the second example I used of a person earning $100 weekly without any other source of income, it’s better for him to be investing 10% of his income weekly ( which is $10) then going overaggressive investing $30 or $40 weekly ( that is around 30% to 40% of his monthly income). If he invest safely, he will find it very easy to accumulate more bitcoin and still invest what he can afford to lose at the end of the day.

I believe that individuals are responsible for how they want to invest and being aggressive is relative as what might seem aggressive to me might not be same for  you because different individuals have different financial strengths.
Two people might both have discretionary income of $100 but are not investing same amount into bitcoin due to their financial planning and execution preferences, while another investor might be investing $100 as the least he could do weekly.

I support the idea of creating a rule like a (benchmark). Setting a specific amount of percentage that no matter what you would never go below that is a very good idea as this will help you stay consistent and disciplined with your investment. It also helps you plan your finances very well.

[JayJuanGee]

[edited out]

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.

Our measurement of our total quantity of discretionary funds that we have available will show us the absolute maximum that we could put into bitcoin, yet an overwhelming majority of the time, it is not going to be to our advantage to maximize our bitcoin investment based on how much discretionary funds that we have available.  For example, if we have been investing $100 per week into bitcoin for the past 20 weeks from our discretionary income, and maybe we have also been building up our back up funds with $50 per week, and maybe we have been discretionarily consuming around $50 per week during that same time, yet maybe we also have some special event coming up.  For example, perhaps our sister is getting married within the next 6 weeks, and we have several family members coming from out of town, and maybe we know that there is a certain level of poverty and difficulty in the family, and perhaps for the next 6 weeks we may well need to help the family and invest around $40 per week into the wedding and the various preparations, so after some consideration we decide that we will ONLY be able to invest around $80 per week into bitcoin for the next 6 weeks, and we would save only $40 and discretionarily consume only $40.. So we are trying to find a balance and to contribute towards the expenses of the family, even though we don't have to do that... but we consider such contribution is the best thing to do.  

Of course, not everyone is going to decide the same in terms of how much to allocate or what kinds of changes to make to our budget based on other discretionary ways that we could spend our available discretionary funds.

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.

Making it look like as if every Bitcoin investor is investing for the profit is unacceptable, why not say that's the reason you're investing in Bitcoin than being an unpaid mouthpiece, you don't just make statements just like that, so you think that investors can not invest in Bitcoin because of it's value, what about those that invest in Bitcoin because of it's decentralized nature, I think there are many reasons one can lay hands and say that it is why they got attracted to invested not what you said, man your mentality about Bitcoin investment is unbelievable although you have your opinions but please don't deceive into thinking that profits is the only reason why they should invest in Bitcoin as if Bitcoin offers nothing apart from profit.

If we come to bitcoin with an investment focus that may well be 4-10 years or longer, then sure we likely expect that our bitcoin is going up in value and our total holdings will be in profits by the time we start to sell some of it later down the road, yet at the same time, even if we are assuming profits, we may also be ongoingly measuring how much bitcoin we have and is it worth enough so that we can start to sell some of it.. and so the focus is not really about profits but instead about having enough of it... and it can take a long time for guys to build up their bitcoin holdings to such an extent that they have enough or more than enough.  

Focusing on profits is a distraction, even though it is not irrelevant.. but instead it is presumed to be that the holdings will be "in profits" later down the road and when we start to cash out we might do price-based withdrawals and/or time-based withdrawals.. and profits are hardly even needed to be thought about.. and there might be questions that if we are starting to want generate $80k per income per year from our bitcoin, then how much is the minimum amount of bitcoin to have, and perhaps we want to make sure that our bitcoin holdings are 20% or more larger than the minimum amount to have.

So, right now if we are pretty sure that we can generate $80k per year or $6,666 per month if we have at least 15.2 BTC[, then maybe we would prefer that we have at least 17 or 18 BTC before we start to withdraw that amount... just to have a cushion.. or otherwise, maybe we would just choose to withdraw a lower amount until the BTC price recovers a bit.

[edited out

People need to know the difference between aggressive investment and over overaggressive investment, it’s not base on the amount you invest, but based on your own financial situation. For instance, the examples that you give if a person has $100 as his discretionary fund (leftover money after all the necessary need), investing $80 is aggressive, but it will only make him gather more Bitcoin in a short period of time, in this circumstance it’s helpful to him. On the other hand if you are earning $100 as your weekly income without any additional income, sometimes even investing $40 weekly becomes overaggressive. Because your situation is not the same as the person that has $100 as his discretionary fund.

In the example you gave, the person has zero discretionary income, so any amount that he invests is overinvesting (and/or overaggressive).  I don't know how you consider that $40 "sometimes" is overinvesting, since in your example, you said that the does not have any discretionary funds... He has to have discretionary funds and he has to figure out how much he has remaining from his $100 weekly after his expenses.  Then he can invest from some comfortable portion of his discretionary funds without overdoing it.

So, it’s just about understanding your own situation and knowing how to invest, and still not affect your finances. Because if you invest and it affects your finances you will end up selling everything at lost just to survive, and at the end you will find nothing to show as your bitcoin investment.

Part of the reason that we talk about simultaneously building back up funds is to help to make sure that guys have some cash cushion so that they do not have to sell their bitcoin merely because they don't have discretionary funds during certain weeks.

So if a guy determines that he has $40 in discretionary funds each week, then maybe a starting point would be for him to divide it into 3 parts and to put $13.33 into bitcoin, $13.33 into back up funds and $13.33 into his discretionary consumption, so then after 1 year of building these things, he would have had invested $693.33 into bitcoin, built his back up funds up to $693.33 and discretionarily consumed $693.33.  After a year he will be in a better situation, and it tends to take time to build up bitcoin holdings, yet there is a need to build and maintain some cash cushion too, especially for guys who might not have a lot of resources and who only have small amounts of discretionary funds available each week.

For instance the second example I used of a person earning $100 weekly without any other source of income, it’s better for him to be investing 10% of his income weekly ( which is $10) then going overaggressive investing $30 or $40 weekly ( that is around 30% to 40% of his monthly income). If he invest safely, he will find it very easy to accumulate more bitcoin and still invest what he can afford to lose at the end of the day.

Before you determine whether the guy is investing aggressively, whimpily or reasonably, you have to figure out his basic expenses, so that you can determine how much discretionary funds he has available.  If you don't determine how much discretionary funds he has available, then you are working with incomplete information, making assumptions and perhaps putting yourself at risk due to sloppy assessing of the situation.

Of course, if guys find themselves having little to no discretionary income, then they may need to figure out if there could be ways that they could increase their discretionary income by increasing their income and/or by decreasing their expenses...otherwise they might not have enough money to invest, especially since investing is a 4-10 year or longer timeline, and if you are thinking about fucking around with timelines that are less than 4 years, then you are trading and/or gambling and not investing...so it can sometimes be difficult for poor people to commit to longer timelines, yet they are not going to be investing in bitcoin unless they can figure out how to have timelines of at least 4 years.

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When you find out that you're now forcing yourself, then it is no longer aggressiveness but being overaggressive. Investing into bitcoin and aggressiveness in your buys should be from a place of comfort. Aggressiveness can come from being able to manage your cash-flow better such that more discretionary income becomes available and you use it to increase your buying amount, it can still come from funds previously allocated to building your emergency fund when you've finished building it to 3 or more months of expenses. You don't have to force yourself to be aggressive, you shouldn't feel any financial pressure while at it, aggressiveness should feel normal and natural, if not, then it is over aggressiveness.

If you are taking money from your back up funds to buy bitcoin, then you are likely using reserve funds not emergency funds, since buying bitcoin is not an emergency, so you would not use emergency funds to buy bitcoin...

yet with reserve funds, you can authorize them in a variety of ways, including for buying bitcoin or even buying bitcoin price dips.

Emergency funds should be the last line of defense that you would tap into if you run out of all other funds. After you deplete your emergency funds then you would only have your bitcoin left to tap into.

Of course, we should have a hierarchy (Or priority) in which funds we tap into and use up first in the event we have situations in which our income had gone down and/or our expenses had gone up... and for example, if we had been buying bitcoin on  a weekly basis, then maybe as we are depleting our back up funds, at some point we will stop buying bitcoin, then then as we continue to deplete our funds, then we may well run out and have no remaining funds, which means that we would start to sell some of our bitcoin and surely if our income could go back up or our expenses could go back down, then maybe that might end up getting us to stop selling our bitcoin and perhaps building our back up funds back (especially our emergency funds).  Guys make judgements and priorities in these kinds of circumstances and hopefully try to minimize damage and not to screw things up too much.

[Ashawowo(OS)]

[edited out]

When you find out that you're now forcing yourself, then it is no longer aggressiveness but being overaggressive. Investing into bitcoin and aggressiveness in your buys should be from a place of comfort. Aggressiveness can come from being able to manage your cash-flow better such that more discretionary income becomes available and you use it to increase your buying amount, it can still come from funds previously allocated to building your emergency fund when you've finished building it to 3 or more months of expenses. You don't have to force yourself to be aggressive, you shouldn't feel any financial pressure while at it, aggressiveness should feel normal and natural, if not, then it is over aggressiveness.

If you are taking money from your back up funds to buy bitcoin, then you are likely using reserve funds not emergency funds, since buying bitcoin is not an emergency, so you would not use emergency funds to buy bitcoin...

yet with reserve funds, you can authorize them in a variety of ways, including for buying bitcoin or even buying bitcoin price dips.

Emergency funds should be the last line of defense that you would tap into if you run out of all other funds. After you deplete your emergency funds then you would only have your bitcoin left to tap into.

Of course, we should have a hierarchy (Or priority) in which funds we tap into and use up first in the event we have situations in which our income had gone down and/or our expenses had gone up... and for example, if we had been buying bitcoin on  a weekly basis, then maybe as we are depleting our back up funds, at some point we will stop buying bitcoin, then then as we continue to deplete our funds, then we may well run out and have no remaining funds, which means that we would start to sell some of our bitcoin and surely if our income could go back up or our expenses could go back down, then maybe that might end up getting us to stop selling our bitcoin and perhaps building our back up funds back (especially our emergency funds).  Guys make judgements and priorities in these kinds of circumstances and hopefully try to minimize damage and not to screw things up too much.

No JJG, You totally misunderstood me here, I meant the part of your discretionary income your were allocating consistently to building your emergency fund, when you are done building it to standard, you can now redirect that percentage of your discretionary income that initially went into building emergency fund to increase your aggressiveness in buying bitcoin, I would never advise anyone to use their emergency fund to buy bitcoin. I know very well the difference between emergency fund and investment fund. Emergency fund is there to protect your portfolio and you should never use part of it to buy bitcoin.