JJG’s Outline of Bitcoin Investment Ideas

[Bluedrem]

I know that some investors are under pressure to accumulate more since Bitcoin is in dip, there's no need to be under any pressure if you don't have a reserve fund that should be used to accumulate in a time like this just continue with your DCA strategy to accumulate weekly or monthly, however start now to build a reserve fund I'm not talking about building an emergency funds I'm talking about building a reserve fund that can be used to accumulate more or aggressively when there is a dip in Bitcoin.
You are correct it is not all about accumulating it is also about holding for long time some people don't have patience and that is what is needed in Bitcoin investment you need to have the patience to hold for a very long time.

I don't think he needs to set up a separate fund right now to buy DIP later because we are already in DIP. Now he should use the maximum amount of his discretionary income to manage Bitcoin's DCA.
However, I have heard JJG say many times that it is better to start investing in Bitcoin at any time. Because we believe that Bitcoin has not yet reached its final price. And is it almost certain that when the price of Bitcoin touched a new ATH and those who bought Bitcoin at that time could have profited several times from it if they could have held their Bitcoin portfolio for a long time. However, it is true that the lower the average price, the higher the profit in the future.
However, we do not need to be disappointed for not buying earlier, perhaps we did not buy Bitcoin at that time because we were not aware of Bitcoin. However, smart people will never stop investing in Bitcoin at this time with various excuses.
There is still immense potential in Bitcoin, so what we need to do is buy Bitcoin and hold it for the long term.

[Joeboy]

Buying dips with extra funds is still a form of market timing.

Where is your common sense with such a statement?
If you are buying a particular product consistently and you discover that another person is selling that product of the same quality on a lower price, wouldn't you want to buy more since it's cheaper there?

Dip buying is never a problem if you are not waiting for it, because it's an opportunity to get more unit of Bitcoin at a cheaper rate, so I don't know where you get the idea that dip buying with your reserve funds means that you are timing the market. You are not a robot that is programmed, so make use of your common sense mate.

Buying the dip will always be a strategy which will always involve timing the market regardless of whether you are waiting to do it or not... Bitcoin isn't a stable coin that folks can just easily predict it's price direction.. Bitcoin is rather an extremely volatile asset. And as such, no one can actually know for certain whether today's dip is actually cheap or whether the price will still go much lower the next day..And that's uncertainty is exactly why buying the dip will always involve timing the market m, coz how exactly do you intend of knowing whether there is a dip or taking advantage of it without timing being involved?
Also, it isn't really advisable for folks to base their buys on price dip due to the uncertainty of dip. The best decision will always be to buy whenever one's discretionary income is handy and available...

[Derekfunds]

What a person is earning shouldn't be what pushes their investment, someone can be earning big but is also spending big at the same time, in a situation like this it's more likely for someone who isn't earning as much but is generating more discretionary income to invest in bitcoin because at the end of the day they person is generating discretionary income from his smaller earning while the person earning more might not be getting any discretionary income, it might not seem likely but it is what's happening, different people have different discretionary incomes, some more than others.

What I think is more important is figuring out your discretionary income to invest with, because since it's what we invest with, it should be what we should be focusing on. If we feels that our discretionary income is too small, and because of that our Bitcoin accumulation will be slow, what we should be doing is looking for and additional source of discretionary income, so that the size of our accumulation will increase, since we will have more money to invest with, but it's very important that no matter what, we should not be tempted to go beyond our discretionary income for any reason, because that is the only way your Bitcoin investment will start facing problems that wouldn't have been in the first place.

There is nothing wrong with starting small. Those that have small amounts of discretionary income shouldn't allow this to stop them from  investing in bitcoin . They can be buying bitcoin using DCA strategy to do so and if they are consistent with the bitcoin accumulation they will be able to build up a good portfolio in bitcoin. It is still possible for those with low discretionary income to work on there source of income and then eventually increase there discretionary income.

There are people who don't understand this you are saying, that is why they have not started their Bitcoin investment because they think and feel they won't be able to accumulate a good portion of Bitcoin but they also forget that they don't really need to buy a large portion of Bitcoin at a time but rather it can be grow gradually using the DCA method. How small discretionary income is should not stop or make someone feel less or not to invest because everyone started small.

[ejikeme24]

What a person is earning shouldn't be what pushes their investment, someone can be earning big but is also spending big at the same time, in a situation like this it's more likely for someone who isn't earning as much but is generating more discretionary income to invest in bitcoin because at the end of the day they person is generating discretionary income from his smaller earning while the person earning more might not be getting any discretionary income, it might not seem likely but it is what's happening, different people have different discretionary incomes, some more than others.

I understand your point @ZeroVinsonN, it is true that what we are earning is not what pushes our investment, because that amount we are earning can't be invested at once we have expenses to take care of , it is after we must have taken care of our expenses that we would think about investing with the left over. Although sometimes our earning could help us boost our investment, because if you have a steady income or a source of income you can be able to maintain the ongoing buying of bitcoin and this would make your investment to grow faster than that of those investors who doesn't have a regular source of income.

[Jamestown70]

I agree that nobody knows where the bottom is, and that's why DCA is a solid strategy. But I don't think buying a dip with extra funds is always market timing. For.me I don't buy dips because I think I have e found the bottom. I buy because the price is lower and I have spare money available.

For me,  I think that finance is what  actually determines the strategy. Because someone with limited funds may stick to DCA only, while someone with extra funds can combine DCA with occasional dip buys. In  the end in both cases, the goal is still the same to accumulate more Bitcoin and hold for the long term.

I agree to everything you said until you made mention of letting your finance determine your strategy, from my perspective I think it’s not ideal. Let’s say a guy that invest $50-$100 from his discretionary funds weekly suddenly gets a raise in funds or got other source of income thereby increasing his discretionary income and decide to start lump sum or buying the dip occasionally. From my point of view for someone who hasn’t really accumulated much or is about to get to his over accumulation stage, it’s preferable to add to your weekly DCA allocation in the stead of adding other strategy.

I understand that before a guy will want to lump sum or buy the dip, he might have reserve fund kept aside for that. But to make things less complicated in my case, I’ll prefer allocating more fund to my DCA if there’s an increase in my discretionary fund, until I’ve got a big portfolio before other thought might be considered.

[adultcrypto]

What a person is earning shouldn't be what pushes their investment, someone can be earning big but is also spending big at the same time, in a situation like this it's more likely for someone who isn't earning as much but is generating more discretionary income to invest in bitcoin because at the end of the day they person is generating discretionary income from his smaller earning while the person earning more might not be getting any discretionary income, it might not seem likely but it is what's happening, different people have different discretionary incomes, some more than others.

I understand your point @ZeroVinsonN, it is true that what we are earning is not what pushes our investment, because that amount we are earning can't be invested at once we have expenses to take care of , it is after we must have taken care of our expenses that we would think about investing with the left over. Although sometimes our earning could help us boost our investment, because if you have a steady income or a source of income you can be able to maintain the ongoing buying of bitcoin and this would make your investment to grow faster than that of those investors who doesn't have any source of income.

Having a source of income is as important as anything because without income there will be no investmemt.  Anyone without any means of earning money should be more concerned with getting a job than thinking about investing in bitcoin because it is from the job that he will  realise discretionary that can be used for investment.  

Someone without a source of income who insist on investing in bitcoin will not be able to hold the bitcoin for long be basic needs have not been taken care of and the investmemt was not made with discretionary income. This means having a source of income is paramount even though it is not a tegular source of income.

[Silikiem]

I agree with you, many investors always mistakes being aggressive, to being financially strong. To buy every dip may sound smart, but if the money you are using to invest is not money that you can comfortably leave  in long term, then you are putting yourself under unnecessary risk. The important thing is not how much you buy during a dip, but if you can survive if the market falls. Nobody knows tomorrow. What may look like a small dip today, can turn into life changing wealth in the future. I believe that emergency fund and regular DCA should come first. Buying during the dip is good, but only when it won’t affect your financial stability. So the goal isn’t just to accumulate more assets, but to avoid putting yourself in a situation where you would force your self to sell at a wrong time.

Calling "buying the dip" good still pushes that market timing mindset. It's basically guessing when to throw extra money in, and most people get it wrong. They buy too early, go too hard, then freak out and sell when it drops more. Nobody knows tomorrow like you said
Trading and chasing dips isn't investing, it's just speculating.
It’s better to just stick with steady DCA and ignore the dips completely

All methods known for accumulating Bitcoin are all good. In as much as we do not support newbies to make use of buying the dip method at the beginning of their Bitcoin investments does not mean that the method is totally bad the method is good and it can at some point aid an investor to fronload his/ her Bitcoin investment but how investors decide to make use of the method determines if it is bad or good. However if you are steadily accumulating Bitcoin with DCA method and the price of Bitcoin dropped and you have available discretionary income to seize the opportunity the market has presented to you, do not hesitate to buy as much as Bitcoin you could buy at a low price because at the time buying the dip is a good method.

I agree with you. many people think buying every dip makes them smart investors, forgetting that what really matters is whether they can keep holding for the long term.

 For me I prefer to stick with  the DCA strategy and use only my discretionary income. If a dip comes and I have extra money available, fine. But I won't put myself under pressure just to buy more. Because  the main goal is not just to accumulate Bitcoin, but to avoid a situation where I have to sell it because I didn't plan well.

I know that some investors are under pressure to accumulate more since Bitcoin is in dip, there's no need to be under any pressure if you don't have a reserve fund that should be used to accumulate in a time like this just continue with your DCA strategy to accumulate weekly or monthly, however start now to build a reserve fund I'm not talking about building an emergency funds I'm talking about building a reserve fund that can be used to accumulate more or aggressively when there is a dip in Bitcoin.
You are correct it is not all about accumulating it is also about holding for long time some people don't have patience and that is what is needed in Bitcoin investment you need to have the patience to hold for a very long time.

The idea of holding back funds to use and buy In dips which one is not really sure if it will happen or not is a bit retarded  because it would’ve been better-of to use the said cash to buy consistently or perhaps use it to improve the amount of your discretionary income to buy more and hold to further improve your portfolio to enable you reach your accumulation targets or over accumulation , i think this will be really useful than saving it for a dip you’re not sure of. The market is unpredictable and no one knows when the dip will occur and even if it does, what’s the guarantee you’re getting your desired dip to buy. Almost everyday you see local fiats losing some value and due to some unforeseen government decisions in the future which may affect the local fiat and at the end of the day it may not be put to use. It’s better to use it and buy bitcoin when you have the opportunity at any
Market price and hold for long term goal.

[Decimetre]

All methods known for accumulating Bitcoin are all good. In as much as we do not support newbies to make use of buying the dip method at the beginning of their Bitcoin investments does not mean that the method is totally bad

I think you are wrong her mate, it's not all bitcoin accumulating strategy that are good. Relying only on buying the dip is not a good strategy because you will be compel to wait for it, and in most cases you are going to miss out on so many buying opportunities because the dip you expected may not come.

 And it's not just about newbies, but about veterans too. If you are going to be buying the dip, then it's wise to be accumulating consistently through the dca accumulating strategy, then when the dip comes, you may decide to buy aggressive with your reserve funds, but waiting for it alone without buying and adding to your stash is wrong.

If you were a newbie i would have understand why you said "it is not all Bitcoin accumulating method that are good" because you are still learning, but i am just surprised as a senior member, you do not know that all Bitcoin accumulating method are good. I know relying only on buying the dip method is not a wise way to invest in Bitcoin. However, i do not say that a newbie or pro should rely only on buying the dip method, i said that how investors apply buying the dip method determines if the method is bad or good and i also said if investors are consistently accumulating Bitcoin with DCA method and a dip happens, they are free to buy the dip if they have available discretionary income because buying the dip is not a bad method at that time, but you cut off where i said all these in my comment and leave the part that you believe i said newbies or pros should only rely on buying the dip to accumulate Bitcoin.

No investment strategy is bad, if it is used correctly. If a strategy suits our position and supports our situation, then you can definitely use that investment strategy. Basically, we show a strategy negatively due to incorrect use.

Yes for sure, no strategy is bad, but some strategies also support investors to do the right thing almost better than they would do if they had chosen other strategies. There are folks who choose lump-sum at the initial investment stage of buying the dip and then go into the DCA strategy. At the end, every dedicated bitcoin investor uses the three broad strategies either in different periods of their investment or at the same time depending on their financial strength.

There are folks who eventually joined bitcoin accumulation during dips and because they had enough discretionary income at the start, they make an initial lump-sum investment into bitcoin and then set a DCA different from their initial buys because they have had a cascade of discretionary income before coming into bitcoin but then after, plans the DCA based on their weekly or monthly income. In this my description, all the strategies were utilised simultaneously.

There are also folks whose accumulation goal is large that they decide to do more lump-sum accumulation in between their DCA days and also buys dips when the opportunity comes and if they have additional discretionary income.

If you want, you can do DCA, buy dips and buy with Lump Sum strategy, there is nothing wrong with that. But waiting for dips or buying with Lump Sum strategy is wrong. You can use a mixed strategy of these strategies. Along with continuous DCA, you can buy dips in the market of dips and if you have the ability, you can also be aggressive in investing. You can even do that if you have the ability to buy in large quantities.

You seem to contradict your self here. Buying lump-sum at anytime as long as you have your available discretionary income is not wrong but waiting for dips at anytime is a wrong approach. Delay could lead to denial when it comes to procrastination in bitcoin investment. If you decide to wait for dip, you may not see a dip-enough point to buy your bitcoin because even after reaching your initial dip point, you may choose to wait small to be sure that it's not falling further.

Waiting for dips is a characteristic of traders and smart players who believes in watching the charts for possible highs and lows to utilise the opportunity to either sell or buy bitcoin for their own interests. But if you are sure that you want to be an investor, you must first win the fight against waiting for dips.

But of course, you have to give importance to your ability and use the strategies in the right plan. However, it is wise for a new investor to get used to DCA at the beginning. Using mixed strategy requires knowledge, which a new investor does not have.

Generally speaking, it is very important to choose an investor friendly approach in your bitcoin accumulation process especially as a beginner. If you are a salary earner either weekly or monthly, you would understand the importance of DCA strategy because it allows you to regulate your finances and channels your left overs to the right thing which is buying bitcoin. As a beginner, to avoid getting glued to the charts, it will be better to set your DCA based on your expected days of income. This will be helpful so that after attending to your basic responsibilities after receiving your pay, you can easily figure out your discretionary income and channel I to your bitcoin investment.

[Umulala-alala]

All methods known for accumulating Bitcoin are all good. In as much as we do not support newbies to make use of buying the dip method at the beginning of their Bitcoin investments does not mean that the method is totally bad

I think you are wrong her mate, it's not all bitcoin accumulating strategy that are good. Relying only on buying the dip is not a good strategy because you will be compel to wait for it, and in most cases you are going to miss out on so many buying opportunities because the dip you expected may not come.

 And it's not just about newbies, but about veterans too. If you are going to be buying the dip, then it's wise to be accumulating consistently through the dca accumulating strategy, then when the dip comes, you may decide to buy aggressive with your reserve funds, but waiting for it alone without buying and adding to your stash is wrong.

If you were a newbie i would have understand why you said "it is not all Bitcoin accumulating method that are good" because you are still learning, but i am just surprised as a senior member, you do not know that all Bitcoin accumulating method are good. I know relying only on buying the dip method is not a wise way to invest in Bitcoin. However, i do not say that a newbie or pro should rely only on buying the dip method, i said that how investor to apply buying the dip method determines if the method is bad or good and i also said if investors are consistently accumulating Bitcoin with DCA method and a dip happens, they are free to buy the dip if they have available discretionary income because buying the dip is not a bad method at that time, but you cut off where i said all these in my comment and leave the part that you believe i said newbies or pros should only rely on buying the dip to accumulate Bitcoin.

No investment strategy is bad, if it is used correctly. If a strategy suits our position and supports our situation, then you can definitely use that investment strategy. Basically, we show a strategy negatively due to incorrect use.

If you want, you can do DCA, buy dips and buy with Lump Sum strategy, there is nothing wrong with that. But waiting for dips or buying with Lump Sum strategy is wrong. You can use a mixed strategy of these strategies. Along with continuous DCA, you can buy dips in the market of dips and if you have the ability, you can also be aggressive in investing. You can even do that if you have the ability to buy in large quantities.

But of course, you have to give importance to your ability and use the strategies in the right plan. However, it is wise for a new investor to get used to DCA at the beginning. Using mixed strategy requires knowledge, which a new investor does not have.

A new investor shouldn't be using the buy the dip strategy only instead they should use the dca method because with the dca method they can be buying bitcoin at all time and also in any price condition, waiting for the dip before buying BTC it's just like waiting for some thing that may or may not happen at the time you want and while waiting for the price to dip you might get carried away by other things and buying the dip only won't make such investor grow instead it will delay there investment growth, so buying regularly with the dca method should be the case and also lump sum when an unexpected funds comes and not buying the dip only.

[iamsange]

There are people who don't understand this you are saying, that is why they have not started their Bitcoin investment because they think and feel they won't be able to accumulate a good portion of Bitcoin but they also forget that they don't really need to buy a large portion of Bitcoin at a time but rather it can be grow gradually using the DCA method. How small discretionary income is should not stop or make someone feel less or not to invest because everyone started small.

Indeed, many people start small and grow their investments after consistently investing for several years. But for those who haven't started simply because they think they can't afford it, perhaps they simply don't have the mentality to start, as starting requires desire, determination, and a mental readiness to face anything. So, I assume that those who haven't started and are still putting forward their reasons are probably afraid to buy small amounts of Bitcoin. Others are simply self-doubts about Bitcoin, because those who are confident in Bitcoin's potential will certainly buy Bitcoin, even in small amounts.

[KeenanEl19]

Maybe it depends on the habits of each individual too, so when they receive income (gross salary) some of them will divide it directly for the main needs, saving, reserve funds, and emergency funds and then after that with the rest then invested.

And on the other hand some people who receive income (gross salary) they divide it differently where their income is focused first on their main needs and after that with the rest they divide it according to the amount they determine for savings, emergency funds, reserve funds and invested with a note that this can be different amounts and as you said it could be that the amount to be invested is greater than the amount for others.

Dividing this gross salary might not even make too much of a sense because you may not be able to ascertain how much your basic needs might consume due to some uncertainty and unstable economic situation. Rather than trying to divide it might be of a good move to first sort out your basic needs without getting to divide anything yet, maybe after sorting out the basic needs the remaining cash left with you can be comfortably divided as you can then chose how much of the left over discretionary income you will want to allocate in buying bitcoin and how much of it you will want to allocate for emergency and other back up funds, and how much for non discretionary spending. But the main thing here is that this division and allocation of cash might not work out well if you’re yet to sort out your basic financial needs first.

As I have said before with the second statement where the salary we receive is focused on meeting our needs first and dividing it, and I apologize before what I see here is that you are just repeating what I said before only in a different way of delivery.

Regardless, someone who has an income or gajai will not be able to invest if he himself cannot manage finances properly, even to meet his needs alone he might have difficulty because basically he cannot manage finances properly.

[johnsaributua]

There are people who don't understand this you are saying, that is why they have not started their Bitcoin investment because they think and feel they won't be able to accumulate a good portion of Bitcoin but they also forget that they don't really need to buy a large portion of Bitcoin at a time but rather it can be grow gradually using the DCA method. How small discretionary income is should not stop or make someone feel less or not to invest because everyone started small.

I think this is more about their lack of mental forethought which forces them to think more deeply about starting to invest. They don't want to make mistakes which makes them unwilling to take the risks involved in investing. This is one of the reasons why many people don't invest in Bitcoin. They might consider someone worthy of investing because they have the resources and ability to accumulate Bitcoin as their future asset. However their lack of mental forethought and experience makes them less confident about buying Bitcoin, whether in large or small amounts.

In fact, if they have a little confidence of course they don't need to buy Bitcoin in large amounts even though from the financial side they have the ability to do that but this is doing it in small amounts to be able to assure them that buying Bitcoin will be something that can become their savings too even though it is not in the form of what they usually do especially if the accumulation can be gradual of course by trying to do it with a small amount it can motivate them to be able to do the next stage with a large amount regularly and can be consecutive. This is basically what we have to do with these parties is our approach so that they can have the confidence and mentality to be able to start by buying Bitcoin in any amount.

[Grease5000]

What a person is earning shouldn't be what pushes their investment, someone can be earning big but is also spending big at the same time, in a situation like this it's more likely for someone who isn't earning as much but is generating more discretionary income to invest in bitcoin because at the end of the day they person is generating discretionary income from his smaller earning while the person earning more might not be getting any discretionary income, it might not seem likely but it is what's happening, different people have different discretionary incomes, some more than others.

I understand your point @ZeroVinsonN, it is true that what we are earning is not what pushes our investment, because that amount we are earning can't be invested at once we have expenses to take care of , it is after we must have taken care of our expenses that we would think about investing with the left over. Although sometimes our earning could help us boost our investment, because if you have a steady income or a source of income you can be able to maintain the ongoing buying of bitcoin and this would make your investment to grow faster than that of those investors who doesn't have a regular source of income.

I agree with your opinion @ZerovinsonN. From what I have seen in real life, a person earning $10.000 and saving $1.000 every month can end up accumulating more Bitcoin than someone earning $50,000 but spending almost everything.

For me, Bitcoin accumulation is not really about how much a person earns, but about how much discretionary income he or she can consistently set aside. Someone  with smaller income with good money management can go further than someone who earn bigger income  but with poor spending habits.