JJG’s Outline of Bitcoin Investment Ideas

[Sonia_123]

Edit....

People can start with just $10 or any other small amount and learn as they go. And along with buying Bitcoin, they can also build their own savings. So a person needs to figure out whether they have a discretionary fund or not. And also calculate their income and expenses. If a person gets a salary of about $500 every two weeks and their basic expenses are about $400 every two weeks, then they will calculate that they have $100 as discretionary fund every two weeks. What I mean by this small example is that needs and responsibilities should be prioritized and then the remaining money should be invested. Investing from discretionary income means that we are making sure that this money is not needed for urgent needs and we are able to afford to lose this money.

How much an investor will invest consistently will depend entirely on the income of that investor and the discretionary income of that investor. If the investor can accumulate a large amount of discretionary income by meeting all his needs and keeping other expenses aside, then those investors can use a large amount of money for continuous investment. Investors are always asked to use discretionary income for investment because by investing with this discretionary income, investors usually do not have to face any financial problems later because this money is money outside all expenses. It is very important to maintain the continuity of investment as an investor. If an investor invests aggressively for a few days and if he has to sell due to financial distress due to lack of planning ahead, then the real purpose of the investment is never fulfilled, so I think it is better to invest a relatively small amount of money continuously than to sell it later.

I think I get your point, that the amount of money an investor invest using DCA depends totally on the amount of income of the investor and the discretionary funds available. Of a truth the amount of income does not determine the amount of discretionary funds because an investor earning lesser amount of money may have more discretionary funds than an investor earning higher amount of money. Altogether, different things determines the amount of discretionary funds an investor will have available.
Applying DCA using discretionary funds gives an investor almost totally financial and emotional pressure free investment journey.

You just have to figure out your discretionary income if you are really serious to invest in Bitcoin irrespective of your income, your income does not determine your discretionary income even a person without income can invest in bitcoin perfectly well than someone with income or has income since they feel that without income there is no investment into bitcoin for instance students, apprentice even some children that relies on their parents pocket money to them can comfortable have discretionary income which they can use in accumulating and holding bitcoin whenever they wish.

[Different patterns]

Another thing every investor should do before investing, and that is to ensure their income, and develop an alternative source of income.

Before starting investment, it is not mandatory to work in addition to the source of income. To start investing, we need discretionary income. If a person is able to find a source of discretionary income, then he can start investing.

Starting investment is important, after starting investment, if he is not able to continue his investment consistently or is not able to find discretionary income, then he can do extra work, but it is not mandatory to do extra work to start investing. But yes, there are many who cannot manage their financial situation properly and spend more than their income, they should be able to find discretionary income by reducing their extra expenses and continue investing consistently.

However, those who have less source of income and have a lot of trouble finding discretionary income or are unstable but they find discretionary income, should start from the situation they are in and after starting, they can find more sources of income and keep trying to bring their expenses under control.

Yes, I agree with your point, having a discretionary income is enough requirement for starting bitcoin investment. Is not mandatory that you must have many sources of income before starting invest, a lot folks delay their investments because they think they need higher income first, but in reality, the most important step is to begin with any amount they can be comfortably afford to leave untouched, and for some people who find it difficult to start, discretionary income can be created simply by reducing some of your unnecessary expenses, even if the amount you have available is small, to develop that habit of investing consistently is more necessary than amount invested at beginning.

In my opinion, waiting for reasonable amounts before investing is not an excuse, is a waste of opportunities, starting from your current position and remaining consistent, gradually increasing your over time can be a sustainable path toward building your investment.

[impulse709]

Edit....

People can start with just $10 or any other small amount and learn as they go. And along with buying Bitcoin, they can also build their own savings. So a person needs to figure out whether they have a discretionary fund or not. And also calculate their income and expenses. If a person gets a salary of about $500 every two weeks and their basic expenses are about $400 every two weeks, then they will calculate that they have $100 as discretionary fund every two weeks. What I mean by this small example is that needs and responsibilities should be prioritized and then the remaining money should be invested. Investing from discretionary income means that we are making sure that this money is not needed for urgent needs and we are able to afford to lose this money.

How much an investor will invest consistently will depend entirely on the income of that investor and the discretionary income of that investor. If the investor can accumulate a large amount of discretionary income by meeting all his needs and keeping other expenses aside, then those investors can use a large amount of money for continuous investment. Investors are always asked to use discretionary income for investment because by investing with this discretionary income, investors usually do not have to face any financial problems later because this money is money outside all expenses. It is very important to maintain the continuity of investment as an investor. If an investor invests aggressively for a few days and if he has to sell due to financial distress due to lack of planning ahead, then the real purpose of the investment is never fulfilled, so I think it is better to invest a relatively small amount of money continuously than to sell it later.

I think I get your point, that the amount of money an investor invest using DCA depends totally on the amount of income of the investor and the discretionary funds available. Of a truth the amount of income does not determine the amount of discretionary funds because an investor earning lesser amount of money may have more discretionary funds than an investor earning higher amount of money. Altogether, different things determines the amount of discretionary funds an investor will have available.
Applying DCA using discretionary funds gives an investor almost totally financial and emotional pressure free investment journey.

I believe that this discretionary income is important in a successful Bitcoin investment strategy. No, the amount of income an investor earns is not the deciding factor. Since personal spending patterns and financial duties differ from individual to individual. The amount of money invested depends on the individual. A person with a low income may have more discretionary income than a person with a high income who has a lot of expenses. That's why it's essential to do a basic income. Expenses and savings calculation before you begin a DCA plan. It takes away financial and emotional pressures to invest only what is left after your essentials. It's often better to invest regularly over a period of time with discretionary money.

[Mandoy]

Edit....

People can start with just $10 or any other small amount and learn as they go. And along with buying Bitcoin, they can also build their own savings. So a person needs to figure out whether they have a discretionary fund or not. And also calculate their income and expenses. If a person gets a salary of about $500 every two weeks and their basic expenses are about $400 every two weeks, then they will calculate that they have $100 as discretionary fund every two weeks. What I mean by this small example is that needs and responsibilities should be prioritized and then the remaining money should be invested. Investing from discretionary income means that we are making sure that this money is not needed for urgent needs and we are able to afford to lose this money.

How much an investor will invest consistently will depend entirely on the income of that investor and the discretionary income of that investor. If the investor can accumulate a large amount of discretionary income by meeting all his needs and keeping other expenses aside, then those investors can use a large amount of money for continuous investment. Investors are always asked to use discretionary income for investment because by investing with this discretionary income, investors usually do not have to face any financial problems later because this money is money outside all expenses. It is very important to maintain the continuity of investment as an investor. If an investor invests aggressively for a few days and if he has to sell due to financial distress due to lack of planning ahead, then the real purpose of the investment is never fulfilled, so I think it is better to invest a relatively small amount of money continuously than to sell it later.

I think I get your point, that the amount of money an investor invest using DCA depends totally on the amount of income of the investor and the discretionary funds available. Of a truth the amount of income does not determine the amount of discretionary funds because an investor earning lesser amount of money may have more discretionary funds than an investor earning higher amount of money. Altogether, different things determines the amount of discretionary funds an investor will have available.
Applying DCA using discretionary funds gives an investor almost totally financial and emotional pressure free investment journey.

You just have to figure out your discretionary income if you are really serious to invest in Bitcoin irrespective of your income, your income does not determine your discretionary income even a person without income can invest in bitcoin perfectly well than someone with income or has income since they feel that without income there is no investment into bitcoin for instance students, apprentice even some children that relies on their parents pocket money to them can comfortable have discretionary income which they can use in accumulating and holding bitcoin whenever they wish.

Yes, I believe it's not a person's salary but their discretionary income. Many believe that the more money they have  the more they can invest. But the truth is that lifestyle and obligations play a larger role in determining how much can be invested. A student that lives on a low budget and saves up a portion of their allowance can possibly. Have more money to invest in the future than a person with a high salary who has a lot of expenses. Thus, DCA is advantageous for other types of investors. Consistency is key and it's also about spending money that isn't required for living expenses. Using discretionary income to invest helps to lower stress and better ensures that you have a long-term Bitcoin accumulation strategy.

[knowngunman]

Most of the people that always find or look for excuse why they are not  investing are those who are not interested in Bitcoin investment because anyone who is  interested in Bitcoin investment will not wait for alternative or different sources of income before they can be able to invest in Bitcoin. The most important thing in every Investment and what an investor should have is their discretionary income and in conclusion alternative source of income is not a criteria in Bitcoin investment.

Alternative source of income is not required to start BTC investment. If you're waiting for alternative source of income before starting, you'll always be waiting because you don't know how long it'll take. Discretionary funds is what you need to start your investment because it's the only thing that allow you to survive regardless of market condition. It is the money you can afford to forget for as long as possible because you don't need it to pay your rent or buy food stuff. We already know how volatile BTC is and investing money other than your discretionary funds will make you panic when market suffers setback. You don't need multiple sources of income to begin your investment but with multiple sources, your discretionary income may increase and thereby allow you to increase your investment as well. But multiple sources is not the creteria, discretionary income is the first creteria you need.

[BluebloodCXVI]

That's what makes DCA the king of strategies in Bitcoin. DCA is a very democratic strategy, there is no minimum amount for investors. Students can apply the DCA strategy of $20 per week, employees $100 per month and company bosses $1000 per month, different amounts are acceptable to apply depending on the financial capacity that is ready to be invested. The most important thing is to stick to the same rules, invest regularly and don't guess market prices, the only difference is the size of the numbers.

What is needed in the DCA strategy is just discipline, even if your knowledge in investing is very limited and the money you are ready to invest is small, you can still invest safely with DCA. As long as you use discretionary income, there's nothing wrong with investing heavily using DCA, as long as it's not borrowed money or money for other basic needs. If you have an income of $5,000 per month and set aside $500 for investment, that is your version of DCA, while those who only earn $1,000 per month and set aside $100 for investment, then that is their version of DCA.

First of all DCA is not the king of strategies. It is only popular because of how simple it is and how easy it is to use but this doesn’t mean that it is the most superior strategy above others; so i don’t know where you got that idea from.

From the way i see it, whether a person decides to be investing $20 per week or $1,000 per month, the principle still remains that they should be consistent with their buys. So i don't think that the amount that a person invests should only be viewed in terms of their income. The important thing is their discretionary income and their overall financial circumstances. Of course two people can be earning the same salary but have different amounts available for them to invest with due to the differences in their expenses, debt obligations, or their family responsibilities. For this reasons, i don’t think the examples you outlined in your last paragraph provides enough information to determine whether those allocations are actually reasonable or sustainable.

[KeenanEl19]

With DCA which is discussed a lot here, I think it's more about buying and holding rather than selling, so it's done consistently by continuing to buy (according to a predetermined amount) and holding to continue buying the measured amount and time.

With the way it has to be done, I agree that it is simple but it does require high discipline as you said, and it is true that you said that one of the keys to the success of this strategy is commitment in carrying it out.

This isn't just about strong commitment and disciplined implementation; it also requires a well-thought-out plan and sufficient preparation, as it requires both financial capital and a truly strong mental fortitude. Because someone who focuses on buying regularly shouldn't be tempted or influenced by other people's sales, and shouldn't panic when they see price drops in the market, as this is still a frequent obstacle for some long-term investors today. So, please use any method that maintains discipline and commitment, because if the investment method is burdensome, it will certainly be difficult for any investor to be consistent in investing long-term.

We don't know what will happen in the future with our own finances, even if we have a steady income but can lose it suddenly, but even so when we decide to invest then we should already have a good plan such as making purchases with discipline because this is one of the good ways to invest. By having the intention to commit to running it in this discipline is good, at least there is an intention to do it rather than not at all.

Another obstacle that can occur is in terms of budget or finances that can decline, but this may be included in the risk section and we should not despair but we must find our own solutions but trying to invest so that it is not disturbed is the priority.

[NewRevelation]

Snip.

What is needed in the DCA strategy is just discipline, even if your knowledge in investing is very limited and the money you are ready to invest is small, you can still invest safely with DCA. As long as you use discretionary income, there's nothing wrong with investing heavily using DCA, as long as it's not borrowed money or money for other basic needs. If you have an income of $5,000 per month and set aside $500 for investment, that is your version of DCA, while those who only earn $1,000 per month and set aside $100 for investment, then that is their version of DCA.

When our income comes, it's best for you to first sort out your basic needs firstly before taking out money and calling it your Discretionary income, that is, the money left after you must have settled the basic necessities. So, taking out an amount of money from your main income and terming it your Discretionary income, wether big or small amount, without first handling your basic needs is totally wrong and nigh put you into a difficult situation because you might meet a situation where the money left might not be enounce to handle your basic needs, and then, what will you do, panic sell or fail in your investment plans. Thus, it's always best that we first handle our expenses, and then from the money left, we can not determine our discretionary and from it accumulate Bitcoin gradually

[Mame89]

Before starting investment, it is not mandatory to work in addition to the source of income. To start investing, we need discretionary income. If a person is able to find a source of discretionary income, then he can start investing.

Starting investment is important, after starting investment, if he is not able to continue his investment consistently or is not able to find discretionary income, then he can do extra work, but it is not mandatory to do extra work to start investing. But yes, there are many who cannot manage their financial situation properly and spend more than their income, they should be able to find discretionary income by reducing their extra expenses and continue investing consistently.

However, those who have less source of income and have a lot of trouble finding discretionary income or are unstable but they find discretionary income, should start from the situation they are in and after starting, they can find more sources of income and keep trying to bring their expenses under control.

Yes, I agree with your point, having a discretionary income is enough requirement for starting bitcoin investment. Is not mandatory that you must have many sources of income before starting invest, a lot folks delay their investments because they think they need higher income first, but in reality, the most important step is to begin with any amount they can be comfortably afford to leave untouched, and for some people who find it difficult to start, discretionary income can be created simply by reducing some of your unnecessary expenses, even if the amount you have available is small, to develop that habit of investing consistently is more necessary than amount invested at beginning.

In my opinion, waiting for reasonable amounts before investing is not an excuse, is a waste of opportunities, starting from your current position and remaining consistent, gradually increasing your over time can be a sustainable path toward building your investment.

To start investing in Bitcoin of course you don't need to wait for additional income. Simply having a small amount of disposable income is sufficient. Starting now, with a small amount, disciplined in reducing unnecessary expenses, and consistent efforts are crucial. Waiting for a lot of money actually wastes your opportunities.

The point is, to make it easier to understand you don't need to be rich to invest in Bitcoin. Simply having money to set aside each month, even if you only have $30 left, is enough to start investing in Bitcoin. Many novice investors overlook this waiting for a raise or additional income. However, if they understand, waiting is actually wasting time and opportunities because the market doesn't care how much they start with. The important thing is to start and be consistent. This is what makes Bitcoin investment successful. So, don't give up, even if the amount you want to start with is small. By starting with a small amount the amount will gradually increase as your habits improve.

[Nahl]

With DCA which is discussed a lot here, I think it's more about buying and holding rather than selling, so it's done consistently by continuing to buy (according to a predetermined amount) and holding to continue buying the measured amount and time.

With the way it has to be done, I agree that it is simple but it does require high discipline as you said, and it is true that you said that one of the keys to the success of this strategy is commitment in carrying it out.

This isn't just about strong commitment and disciplined implementation; it also requires a well-thought-out plan and sufficient preparation, as it requires both financial capital and a truly strong mental fortitude. Because someone who focuses on buying regularly shouldn't be tempted or influenced by other people's sales, and shouldn't panic when they see price drops in the market, as this is still a frequent obstacle for some long-term investors today. So, please use any method that maintains discipline and commitment, because if the investment method is burdensome, it will certainly be difficult for any investor to be consistent in investing long-term.

We don't know what will happen in the future with our own finances, even if we have a steady income but can lose it suddenly, but even so when we decide to invest then we should already have a good plan such as making purchases with discipline because this is one of the good ways to invest. By having the intention to commit to running it in this discipline is good, at least there is an intention to do it rather than not at all.

Another obstacle that can occur is in terms of budget or finances that can decline, but this may be included in the risk section and we should not despair but we must find our own solutions but trying to invest so that it is not disturbed is the priority.

Indeed nobody can predict the future because we never know our future will be bright or someday we will have financial issue but, people can build their future by investing at valuable asset for example bitcoin and i believe if people can do that at least they can save their family because in my opinion having good investment asset will ensure our financial condition in the future will be improved.

I still believe too the best solution for the future is not save the money into the bank but people should have an asset which potentially will be grow especially to hold for long term. But to make a good future indeed it won't be easy especially when people have decided to put bitcoin as the future asset that being discipline while investing is became an difficult task because, we all know bitcoin has high risk high return and the volatility too makes people sometimes want to give up.

[Hardyrobust]

Most of the people that always find or look for excuse why they are not  investing are those who are not interested in Bitcoin investment because anyone who is  interested in Bitcoin investment will not wait for alternative or different sources of income before they can be able to invest in Bitcoin. The most important thing in every Investment and what an investor should have is their discretionary income and in conclusion alternative source of income is not a criteria in Bitcoin investment.

Alternative source of income is not required to start BTC investment. If you're waiting for alternative source of income before starting, you'll always be waiting because you don't know how long it'll take. Discretionary funds is what you need to start your investment because it's the only thing that allow you to survive regardless of market condition. It is the money you can afford to forget for as long as possible because you don't need it to pay your rent or buy food stuff. We already know how volatile BTC is and investing money other than your discretionary funds will make you panic when market suffers setback. You don't need multiple sources of income to begin your investment but with multiple sources, your discretionary income may increase and thereby allow you to increase your investment as well. But multiple sources is not the creteria, discretionary income is the first creteria you need.

Having an alternative source of income isn't important as long as starting bitcoin investment is concerned but rather the most important thing is if the investor has discretionary income to start investing in bitcoin. So it is only those that don't have discretionary income that will be thinking of getting an alternative source of income so that they will have left over cash that they can invest in bitcoin. Those without discretionary income considering alternative source of income isn't a bad idea.

[Gost ms]

Indeed nobody can predict the future because we never know our future will be bright or someday we will have financial issue but, people can build their future by investing at valuable asset for example bitcoin and i believe if people can do that at least they can save their family because in my opinion having good investment asset will ensure our financial condition in the future will be improved.

I still believe too the best solution for the future is not save the money into the bank but people should have an asset which potentially will be grow especially to hold for long term. But to make a good future indeed it won't be easy especially when people have decided to put bitcoin as the future asset that being discipline while investing is became an difficult task because, we all know bitcoin has high risk high return and the volatility too makes people sometimes want to give up.

You seem to be contradicting your own statement. Because you say that no one can predict the future, but the next moment you say that a person can make a profit by investing in Bitcoin. Bitcoin is not at all risk-free, but every investment has risks and Bitcoin also has them. There is no certainty that you will make a profit by investing in Bitcoin, but the possibility of making a profit is much higher.

That's what makes DCA the king of strategies in Bitcoin. DCA is a very democratic strategy, there is no minimum amount for investors. Students can apply the DCA strategy of $20 per week, employees $100 per month and company bosses $1000 per month, different amounts are acceptable to apply depending on the financial capacity that is ready to be invested. The most important thing is to stick to the same rules, invest regularly and don't guess market prices, the only difference is the size of the numbers.

What is needed in the DCA strategy is just discipline, even if your knowledge in investing is very limited and the money you are ready to invest is small, you can still invest safely with DCA. As long as you use discretionary income, there's nothing wrong with investing heavily using DCA, as long as it's not borrowed money or money for other basic needs. If you have an income of $5,000 per month and set aside $500 for investment, that is your version of DCA, while those who only earn $1,000 per month and set aside $100 for investment, then that is their version of DCA.

First of all, we need to meet our family expenses and personal expenses and only then will we be able to find discretionary income. Because whenever a person sets aside money for investment in advance or keeps it as discretionary money, that amount of money may be required and if he invests with that money, he may face a loss or be forced to sell the holding before the end of the period. First, we have to deduct all the expenses and the amount of money left after deducting is our discretionary income.

[Jewan420]

Having an alternative source of income isn't important as long as starting bitcoin investment is concerned but rather the most important thing is if the investor has discretionary income to start investing in bitcoin. So it is only those that don't have discretionary income that will be thinking of getting an alternative source of income so that they will have left over cash that they can invest in bitcoin. Those without discretionary income considering alternative source of income isn't a bad idea.

Whether or not one has an alternative source of income is a personal choice. If your main source of income is already giving you discretionary money or you already have discretionary money, then you can start investing. We do not need to wait for an alternative source of income to start investing despite having the ability. However, you can create an alternative source of income whenever you want, there is no restriction on it. Rather, the restriction is that despite having the ability to invest, you wait to create an alternative source of income. If you do not have the ability to invest, then you can increase your income source or look for an alternative source of income and wait to start investing.

[Agbam]

Taking of loans to invest no matter the time is not a good idea even when you have a means of repayment, you’re still taking on additional risks. In some or most cases the cost of repaying the loans ends up reducing your overall returns.
Building a bitcoin portfolio with money that is your discretionary income consistently is still the best.

You're wrong on this one, if the investor has a means of paying back without tapping into their bitcoin, then it is not a bad idea. If you as an investor stumbles on a very nice dip and takes advantage of it with a low interest loan payable through your own means, then  you can take it and lump sum on the nice dip to bag in more quantities at that price, then you can make it feel normal by paying for the loan with your normal DCA amount for the duration you've to pay it back.

Let's take a little example, you DCA $200 monthly into bitcoin and when the dip came by you're able to secure a loan of 10% interest per annum and you went ahead and took a $2k loan to lump sum on that dip, you can continue paying with your regular $200 monthly and pay up the loan and the interest which is $2200 on the 11th month. You can then resume your Normal DCA and take it that you DCAed 11 months worth of investment funds at once when you bought the dip.

A whole lot can go wrong with this hypothetical plan of yours. What is the probability that the dip doesn’t go deeper and is a prolonged bear market. Now you have ceased investing with the  DCA and now using it to pay back a loan while your position is at a loss.

Let’s say price finally goes up after a year and some extra months and you’ve resumed your normal DCA but you have missed several opportunities to keep accumulating at lower prices because your cash flow was tied up servicing debt.

Taking a loan to buy bitcoin is not generally a good idea, The fact that people do it doesn’t necessarily make it a good strategy. It is like a leverage while it can be profitable when it’s in your favor it increases your risks when it don’t.

If you had gone with an example that has the investor paying off the loan with returns from another investment, or an excess or extra cash not planned for Bitcoin purchases that would have been a better argument than this.

[whiteblue]

Having an alternative source of income isn't important as long as starting bitcoin investment is concerned but rather the most important thing is if the investor has discretionary income to start investing in bitcoin. So it is only those that don't have discretionary income that will be thinking of getting an alternative source of income so that they will have left over cash that they can invest in bitcoin. Those without discretionary income considering alternative source of income isn't a bad idea.

Logically, isn't alternative income a privilege? If we have alternative income, whether from a side job or something else, of course we can use that income to buy Bitcoin?

And what must be emphasized in investing in Bitcoin doesn't depend on our finances. If we have the money, we can invest in Bitcoin, and anyone can. So, when we begin our investment journey, we already program discretionary income to be focused on buying Bitcoin, and income from other sources is also focused on buying Bitcoin.

Have I misunderstood what you've said? Please correct me if I am.