JJG’s Outline of Bitcoin Investment Ideas

[Stormisover]

The goal of long term holding isn't to be as aggressive as possible, but to accumulate BTC in a way you can sustain it over the years. Everyone have  different financial priorities and risk tolerance. Creating  room for savings and other financial needs doesn't make folks less committed to Bitcoin. A steady DCA strategy with an amount you can comfortably afford is more sustainable and makes it easier for folks to stay invested for the long term. Consistency over the years beats aggressive buying

You have made a very good point @ Samadam007 and of course being aggressive is not a must it's individuals choice to decide if they are going to be aggressive with Thier Bitcoin investment or they are going to Stick to that amount they have been investing with, and whatever the case may be, I'm sure that they won't get affected. Because the major reason why we need to be aggressive is so as to enable us achieve our investment target on time but then, we need to examine ourselves very well before taking any decision to avoid messing our investment up. One thing I know for sure is that even without being aggressive we can still get to our investment target.

I agree to what @Samadam007 said, the essence of a guy been aggressive in his Bitcoin accumulation is not because he want to be aggressive, it’s primarily because of the availability of extra cash. Most investors wants to be aggressive but they don’t have the resources to foot it, so they consistently accumulate bit by bit for those guys using the DCA strategy.

It’s not a bad idea reaching your goal before your scheduled time, shows how discipline and committed a guy can be, but if reaching your goal before time will make a guy allocate more than discretionary funds to investing, then it becomes wrong, at some point you might not end up reaching your goal because you must have liquidated your funds because of a certain need or emergency.

Wanting to reach to your investment target on time is never enough reason why anyone should have aggressive in their investment as it sounds more like pressuring yourself to an extend which can possibly lead to being over aggressive which is not good for your investment while trying try to reach your target on time, the focus should not be reaching your target on time though there is nothing wrong with that if it is done without pressure, the focus should more how comfortable you can be even while investing because by so doing you can as well get to your target on time without realizing it, we should also remember that it is not a competition, people can be aggressive but within their means without over doing things.

[Primark]

And a lot of people want to invest but they are not ready to take on the challenges that come with it and one of the major challenges will be holding for a long time and there should be differentiation between investment money and money for upkeep. and that is why from your earnings you will be able to use the DCA method for easy passage. people are wondering or rather still trying to figure out the easy way out.

Hodling for a long time is never a challenge; it is the right thing to do when it comes to Bitcoin investment. The only challenge people may have that makes it difficult for them to hodl Bitcoin for a long time is just a lack of understanding, impatience, and lack of discipline. If this can be worked on, it is possible to hodl Bitcoin, and this is just the standard for Bitcoin investment. From your discretionary income, one has to figure out the amount they can afford to invest; there is nothing difficult to figure out about the money you need to invest in Bitcoin. If it is all about the amount to invest in Bitcoin, then you shouldn't bother about how much to invest but invest according to your abilities and the amount you can afford.

Holding for the long term is not limited to willpower alone. Rather, if an investor wants to hold for the long term, he should consider several factors such as his cash flow, emergency funds, necessary expenses, family responsibilities, a major market downturn and finally the size of his own position. These factors are also involved in his plan. Because although Bitcoin is a strong asset in the long term, we cannot ignore the drawdown and volatility of Bitcoin, because you have to face these in the accumulation phase. So saying "holding Bitcoin is not difficult" can be quite difficult or a wrong decision. Even with your easy-to-understand words, beginners may take it wrongly and enter the wrong size, and then sell it during times of stress. It is true that not having a long-term mindset in Bitcoin is not a good thing, but rather it is more likely to face losses.

[samadam007]

Because the major reason why we need to be aggressive is so as to enable us achieve our investment target on time but then, we need to examine ourselves very well before taking any decision to avoid messing our investment up. One thing I know for sure is that even without being aggressive we can still get to our investment target.

“The major reason why we need to be aggressive is so as to enable us achieve our investment target on time” This is the only part that looks a little misleading cos why the rush ? Investing long term is not by trying to reach a target as fast as possible. I’s about building a solid strategy that you can maintain over time. If an investor has xtra cash they can comfortably allocate to BTC, there is nothing wrong in that increasing their purchases… but this doesn't mean that every long term investors needs to be aggressive. It is alway s advisable to use as steady DCA approach with an amount you can comfortably sustain to keep you accumulating and moving toward your Bitcoin goal over the long term

[Cgrexp]

And a lot of people want to invest but they are not ready to take on the challenges that come with it and one of the major challenges will be holding for a long time and there should be differentiation between investment money and money for upkeep. and that is why from your earnings you will be able to use the DCA method for easy passage. people are wondering or rather still trying to figure out the easy way out.

Hodling for a long time is never a challenge; it is the right thing to do when it comes to Bitcoin investment. The only challenge people may have that makes it difficult for them to hodl Bitcoin for a long time is just a lack of understanding, impatience, and lack of discipline. If this can be worked on, it is possible to hodl Bitcoin, and this is just the standard for Bitcoin investment. From your discretionary income, one has to figure out the amount they can afford to invest; there is nothing difficult to figure out about the money you need to invest in Bitcoin. If it is all about the amount to invest in Bitcoin, then you shouldn't bother about how much to invest but invest according to your abilities and the amount you can afford.

Holding for the long term is not limited to willpower alone. Rather, if an investor wants to hold for the long term, he should consider several factors such as his cash flow, emergency funds, necessary expenses, family responsibilities, a major market downturn and finally the size of his own position. These factors are also involved in his plan. Because although Bitcoin is a strong asset in the long term, we cannot ignore the drawdown and volatility of Bitcoin, because you have to face these in the accumulation phase. So saying "holding Bitcoin is not difficult" can be quite difficult or a wrong decision. Even with your easy-to-understand words, beginners may take it wrongly and enter the wrong size, and then sell it during times of stress. It is true that not having a long-term mindset in Bitcoin is not a good thing, but rather it is more likely to face losses.

An investor should set the starting amount according to their comfort level. And if there is any concern, they either start with a small amount or they find the problem from their own perspective that is delaying them from starting. If they realize that they have extra money to invest in Bitcoin, be it $100 or $10 or any other amount, then they should be able to adjust that amount to a suitable level. If someone has $100, they can save $100 which they can easily invest in Bitcoin. However, they can deliberately decide to start investing with $10-40 instead of $100 and the amount can be re-evaluated later. And if there is no change in their comfort level, they may decide to invest $10-40 per week or whatever amount they are comfortable with until they have a chance to explore the matter further. Managing their own cash flow in Bitcoin is also an important issue. It is important to organize our own financial situation when it comes to investing and we should make decisions based on our comfort level.

[alankasman]

Wanting to reach to your investment target on time is never enough reason why anyone should have aggressive in their investment as it sounds more like pressuring yourself to an extend which can possibly lead to being over aggressive which is not good for your investment while trying try to reach your target on time, the focus should not be reaching your target on time though there is nothing wrong with that if it is done without pressure, the focus should more how comfortable you can be even while investing because by so doing you can as well get to your target on time without realizing it, we should also remember that it is not a competition, people can be aggressive but within their means without over doing things.

This is true because those who do things like you said will inevitably face risks. For me, achieving a target isn't just about that, but rather about consistency. This is what allows us to achieve our desired goals. Those who do things the way I mentioned definitely have focus, not just consistency. These two things will follow each other and seem to need each other, so slowly but surely, they will reach their goals.

But not all of them will, only some of them will do it too aggressively because each of us needs to fulfill our needs even though we have sufficient income or more than one income that we earn, so this is not all directed in the same direction, but some of them do it too aggressively in reaching the target that has become the goal in investing in Bitcoin.

[The Founding Titan]

And a lot of people want to invest but they are not ready to take on the challenges that come with it and one of the major challenges will be holding for a long time and there should be differentiation between investment money and money for upkeep. and that is why from your earnings you will be able to use the DCA method for easy passage. people are wondering or rather still trying to figure out the easy way out.

Hodling for a long time is never a challenge; it is the right thing to do when it comes to Bitcoin investment. The only challenge people may have that makes it difficult for them to hodl Bitcoin for a long time is just a lack of understanding, impatience, and lack of discipline. If this can be worked on, it is possible to hodl Bitcoin, and this is just the standard for Bitcoin investment. From your discretionary income, one has to figure out the amount they can afford to invest; there is nothing difficult to figure out about the money you need to invest in Bitcoin. If it is all about the amount to invest in Bitcoin, then you shouldn't bother about how much to invest but invest according to your abilities and the amount you can afford.

Someone who's not holding bitcoin will not be easily convinced that holding for a long time I not a challenge, the only way for them to know this for sure is for them to actually start holding bitcoin, once they have started accumulating bitcoin with their discretionary income they will realize that it's really not as difficult or as much of challenge as they had initially thought it to be, all it takes is for them to start investing in bitcoin, that first hand experience will teach them not to doubt their own holding capabilities.

[BluebloodCXVI]

Because the major reason why we need to be aggressive is so as to enable us achieve our investment target on time but then, we need to examine ourselves very well before taking any decision to avoid messing our investment up. One thing I know for sure is that even without being aggressive we can still get to our investment target.

Our level of aggressiveness with our investment should not be based on forcefully trying to meet a particular target. Many factors should be put into consideration before the decision to go aggressive with your investment should be made. I’m sure the 9 individual factors listed by JJG will help you to understand those factors better.

“The major reason why we need to be aggressive is so as to enable us achieve our investment target on time” This is the only part that looks a little misleading cos why the rush ? Investing long term is not by trying to reach a target as fast as possible. I’s about building a solid strategy that you can maintain over time. If an investor has xtra cash they can comfortably allocate to BTC, there is nothing wrong in that increasing their purchases… but this doesn't mean that every long term investors needs to be aggressive. It is alway s advisable to use as steady DCA approach with an amount you can comfortably sustain to keep you accumulating and moving toward your Bitcoin goal over the long term

I believe folks should be able to figure out when to go aggressive and when not to as long as they are not retarded(and they have common sense) to know when the coast is clear to allow aggressive investing.

[Rhow]

Wanting to reach to your investment target on time is never enough reason why anyone should have aggressive in their investment as it sounds more like pressuring yourself to an extend which can possibly lead to being over aggressive which is not good for your investment while trying try to reach your target on time, the focus should not be reaching your target on time though there is nothing wrong with that if it is done without pressure, the focus should more how comfortable you can be even while investing because by so doing you can as well get to your target on time without realizing it, we should also remember that it is not a competition, people can be aggressive but within their means without over doing things.

This is true because those who do things like you said will inevitably face risks. For me, achieving a target isn't just about that, but rather about consistency. This is what allows us to achieve our desired goals. Those who do things the way I mentioned definitely have focus, not just consistency. These two things will follow each other and seem to need each other, so slowly but surely, they will reach their goals.

Bitcoin investment can be targeted, but it is quite difficult to say that the goal will be achieved.

But not all of them will, only some of them will do it too aggressively because each of us needs to fulfill our needs even though we have sufficient income or more than one income that we earn, so this is not all directed in the same direction, but some of them do it too aggressively in reaching the target that has become the goal in investing in Bitcoin.

Just because someone has multiple sources of income or sufficient income does not mean that their investment is safe. Because even if their income is high, if their expenses are high, they do not have emergency funds, and they have more family and personal responsibilities, then they may have less real discretionary income. Again, if you are a person with a low income and can control your expenses and save Bitcoin little by little regularly, then your position may be more sustainable. Therefore, looking at the source of income can never understand the position of an investor. The main thing is how much real discretionary income you have after deducting your necessary expenses and whether your lifestyle or emergency needs will be affected even if you lose that money, and whether it is possible to continue that plan for a long time.

[SPIDERMAN008]

And a lot of people want to invest but they are not ready to take on the challenges that come with it and one of the major challenges will be holding for a long time and there should be differentiation between investment money and money for upkeep. and that is why from your earnings you will be able to use the DCA method for easy passage. people are wondering or rather still trying to figure out the easy way out.

Hodling for a long time is never a challenge; it is the right thing to do when it comes to Bitcoin investment. The only challenge people may have that makes it difficult for them to hodl Bitcoin for a long time is just a lack of understanding, impatience, and lack of discipline. If this can be worked on, it is possible to hodl Bitcoin, and this is just the standard for Bitcoin investment. From your discretionary income, one has to figure out the amount they can afford to invest; there is nothing difficult to figure out about the money you need to invest in Bitcoin. If it is all about the amount to invest in Bitcoin, then you shouldn't bother about how much to invest but invest according to your abilities and the amount you can afford.

Holding for the long term is not limited to willpower alone. Rather, if an investor wants to hold for the long term, he should consider several factors such as his cash flow, emergency funds, necessary expenses, family responsibilities, a major market downturn and finally the size of his own position. These factors are also involved in his plan. Because although Bitcoin is a strong asset in the long term, we cannot ignore the drawdown and volatility of Bitcoin, because you have to face these in the accumulation phase. So saying "holding Bitcoin is not difficult" can be quite difficult or a wrong decision. Even with your easy-to-understand words, beginners may take it wrongly and enter the wrong size, and then sell it during times of stress. It is true that not having a long-term mindset in Bitcoin is not a good thing, but rather it is more likely to face losses.

The main point of your statement is correct. Because it is more important to manage your financials properly than to want to hold Bitcoin for a long time. If someone starts investing with the necessary money without understanding their cashflow and without giving importance to creating some kind of backup fund, then even if they want to, it will not be easy for them to hold for a long time. Because when Bitcoin goes down by 20%, 30%, 50% or more, they will panic sell because they invested in Bitcoin with the money they needed. That is why it is necessary to have a long time mindset, but such words as "I will not sell" are not really useful unless there is proper planning. The most important things an investor should focus on when holding and investing in Bitcoin for the long term are income, expenses, emergency fund, backup fund, discretionary income, position size. All these are important in investing. If someone cannot adjust the Bitcoin buying amount according to their discretionary income, then price fluctuations can cause mental instability for them. Holding Bitcoin is not easy, but with the right plan, it is possible to remove the main barriers to investing and holding for the long term.

[Different patterns]

You misunderstand something here, yes we invest in bitcoin with our discretionary income but to be able to invest with all of your discretionary income then you have to be as aggressive as can be and not everyone can tolerate that level of aggressiveness, talking about is easy but the truth is that people have things they spend money on that's doesn't fit into their essentials expenses, these are their discretionary spendings and if you spend your entire discretionary income on accumulating bitcoin then there will be nothing left for these other things, of course they are not essential so they can be ignored but not by everyone.

The goal of long term holding isn't to be as aggressive as possible, but to accumulate BTC in a way you can sustain it over the years. Everyone have  different financial priorities and risk tolerance. Creating  room for savings and other financial needs doesn't make folks less committed to Bitcoin. A steady DCA strategy with an amount you can comfortably afford is more sustainable and makes it easier for folks to stay invested for the long term. Consistency over the years beats aggressive buying

I agree, the objective of long term investing is not to buy as aggressively at all the time, but to build a strategy that you can realistically maintain, as everyone has a different responsibilities, and income level, so it make sense that amount they invest will differ, what really matters at times is making your bitcoin a consistent financial priority than to forcing yourself to invest a amount that is not sustainable, there will be periods when unexpected changes in income require to be more conservative that does not mean they are less committed to bitcoin that mean they are managing their finances so they can stay invested over the long term.

[Queen uloma]

Wanting to reach to your investment target on time is never enough reason why anyone should have aggressive in their investment as it sounds more like pressuring yourself to an extend which can possibly lead to being over aggressive which is not good for your investment while trying try to reach your target on time, the focus should not be reaching your target on time though there is nothing wrong with that if it is done without pressure, the focus should more how comfortable you can be even while investing because by so doing you can as well get to your target on time without realizing it, we should also remember that it is not a competition, people can be aggressive but within their means without over doing things.

This is true because those who do things like you said will inevitably face risks. For me, achieving a target isn't just about that, but rather about consistency. This is what allows us to achieve our desired goals. Those who do things the way I mentioned definitely have focus, not just consistency. These two things will follow each other and seem to need each other, so slowly but surely, they will reach their goals.

Bitcoin investment can be targeted, but it is quite difficult to say that the goal will be achieved.

But not all of them will, only some of them will do it too aggressively because each of us needs to fulfill our needs even though we have sufficient income or more than one income that we earn, so this is not all directed in the same direction, but some of them do it too aggressively in reaching the target that has become the goal in investing in Bitcoin.

Just because someone has multiple sources of income or sufficient income does not mean that their investment is safe. Because even if their income is high, if their expenses are high, they do not have emergency funds, and they have more family and personal responsibilities, then they may have less real discretionary income. Again, if you are a person with a low income and can control your expenses and save Bitcoin little by little regularly, then your position may be more sustainable. Therefore, looking at the source of income can never understand the position of an investor. The main thing is how much real discretionary income you have after deducting your necessary expenses and whether your lifestyle or emergency needs will be affected even if you lose that money, and whether it is possible to continue that plan for a long time.

I agree with you, a Person may have many source of income, and still not have enough money to invest comfortably because of high expenses, lack of emergency  savings can drain the income and family responsibilities. The most important thing is not how much a person earn but how much disposable income remains after settling all necessary expenses. Even someone who earn little salary can build a stronger bitcoin portfolio if they control their spending and invest little by little consistently. financial discipline and long term sustainability are more important than source of income.

[Shadiq]

I agree with you, a Person may have many source of income, and still not have enough money to invest comfortably because of high expenses, lack of emergency  savings can drain the income and family responsibilities. The most important thing is not how much a person earn but how much disposable income remains after settling all necessary expenses. Even someone who earn little salary can build a stronger bitcoin portfolio if they control their spending and invest little by little consistently. financial discipline and long term sustainability are more important than source of income.

Income levels may vary from place to place and expenditure levels may also vary. For example, look at the income-expenditure gap between urban and rural areas. Income is higher in urban areas than in rural areas, but expenditure is also higher, which makes it difficult to have discretionary money even if you earn more. But in rural areas, even if income is not very high, it can be easier to provide discretionary money because expenditure is comparatively low.

In other words, how much money you earn is not the main thing, how much money you have left after necessary expenditure is discretionary money and that discretionary money is needed for investment. Be it rural or urban, there needs to be a balance between your income and expenditure

[Moreno233]

Because the major reason why we need to be aggressive is so as to enable us achieve our investment target on time but then, we need to examine ourselves very well before taking any decision to avoid messing our investment up. One thing I know for sure is that even without being aggressive we can still get to our investment target.

“The major reason why we need to be aggressive is so as to enable us achieve our investment target on time” This is the only part that looks a little misleading cos why the rush ? Investing long term is not by trying to reach a target as fast as possible. I’s about building a solid strategy that you can maintain over time. If an investor has xtra cash they can comfortably allocate to BTC, there is nothing wrong in that increasing their purchases… but this doesn't mean that every long term investors needs to be aggressive. It is alway s advisable to use as steady DCA approach with an amount you can comfortably sustain to keep you accumulating and moving toward your Bitcoin goal over the long term

I don't quite agree with you that being aggressive is being in a rush, it is not the same thing as FOMO. Being aggressive in my understanding simply means putting in more resources into Bitcoin than you would have normally put in other to meet certain target. The more resources you are putting does not distort your basic needs, it can just be like allocating higher percentage of your discretionary income into Bitcoin. Asuming you were investing  30% of your discretionary income into Bitcoin before but suddenly decide to up it to 50%, that is being aggressive and as long as it is from your discretionary income, you will be fine. You can just adjust your lifestyle by removing some wastage and redirect those funds into Bitcoin accumulation and you will be regarded as being aggressive.

[Silikiem]

Because the major reason why we need to be aggressive is so as to enable us achieve our investment target on time but then, we need to examine ourselves very well before taking any decision to avoid messing our investment up. One thing I know for sure is that even without being aggressive we can still get to our investment target.

“The major reason why we need to be aggressive is so as to enable us achieve our investment target on time” This is the only part that looks a little misleading cos why the rush ? Investing long term is not by trying to reach a target as fast as possible. I’s about building a solid strategy that you can maintain over time. If an investor has xtra cash they can comfortably allocate to BTC, there is nothing wrong in that increasing their purchases… but this doesn't mean that every long term investors needs to be aggressive. It is alway s advisable to use as steady DCA approach with an amount you can comfortably sustain to keep you accumulating and moving toward your Bitcoin goal over the long term

When buying bitcoin aggressively, it  shouldn’t be based on the fact that one is trying to reach his investment or accumulation target On time, but it should be based on one’s financial capabilities. One can buy aggressively at any time provided they have the financial capacity to do so. It’s possible that one can reach his accumulation target within less expected time but at the end make sure that you are doing it at your own financial convenience such that you can be willing to hold for long term. The problem isn’t about how fast you reach your accumulation or investment target but how long can you be able to hold the investment.

[ChocolateBitcoinK]

If you are using money meant for you basic needs to invest in BTC you are gambling already that's not an investment you are making because you will surely sell soon when the needs start coming up. Those who has discretionary income has access to invest in bitcoin and hodl for long because they have been able to meet up with their basic needs and invest with the one left with them so it's going to affect them in any way that will now them to sell since those things has been settled, discretionary income is the right money to buy bitcoin.

When Bitcoin investment is mentioned, the funds meant for our basic needs or our essentials need which is also the same should not get involved, every funds has their own role to play, the discreationary income covers for our bitcon investment, the emergency funds has it's areas of concentration which is for emergency that might come up while we are acumulating Bitcoin and oty helps us not to think otherwise whenever there is emergency, every funds has where they are allocated to and even before discretionary income and emergency funds set in, we must cover up our basic needs then we can now figure out our discreationary income, any plan aside this, will definitely fail at some point.

In the context of Bitcoin investing, an emergency fund is a last resort before using Bitcoin. There is a certain urgency to not use an emergency fund unless absolutely necessary and to replenish it quickly if you do. Reserve funds generally have more flexibility because they are a higher level of support fund in addition to the emergency fund. We each need to decide based on our own circumstances how much to keep as an emergency fund and how much as a reserve fund. There can be many situations where an emergency can be avoided. If we manage our cash flow and other support funds that we intentionally want to keep on hand. We need to find a balance that makes sense to us. There may come a time in the early years of building both our Bitcoin investments and our backup fund when we are trying to find a balance that is both effective for us and realistic in terms of dealing with fluctuations in our cash flow income and expenses. So before we got involved in Bitcoin, we weren't in the habit of keeping a large amount of backup funds, but later we realized that one purpose of our backup fund that also serves an additional purpose is to protect our Bitcoin. Even a small portion of that money can have multiple purposes, such as reallocating that money to buy Bitcoin if the price drops. So as we continue to grow both our Bitcoin holdings and our backup funds, we will find a balance.

[Hardyrobust]

Wanting to reach to your investment target on time is never enough reason why anyone should have aggressive in their investment as it sounds more like pressuring yourself to an extend which can possibly lead to being over aggressive which is not good for your investment while trying try to reach your target on time, the focus should not be reaching your target on time though there is nothing wrong with that if it is done without pressure, the focus should more how comfortable you can be even while investing because by so doing you can as well get to your target on time without realizing it, we should also remember that it is not a competition, people can be aggressive but within their means without over doing things.

This is true because those who do things like you said will inevitably face risks. For me, achieving a target isn't just about that, but rather about consistency. This is what allows us to achieve our desired goals. Those who do things the way I mentioned definitely have focus, not just consistency. These two things will follow each other and seem to need each other, so slowly but surely, they will reach their goals.

Bitcoin investment can be targeted, but it is quite difficult to say that the goal will be achieved.

But not all of them will, only some of them will do it too aggressively because each of us needs to fulfill our needs even though we have sufficient income or more than one income that we earn, so this is not all directed in the same direction, but some of them do it too aggressively in reaching the target that has become the goal in investing in Bitcoin.

Just because someone has multiple sources of income or sufficient income does not mean that their investment is safe. Because even if their income is high, if their expenses are high, they do not have emergency funds, and they have more family and personal responsibilities, then they may have less real discretionary income. Again, if you are a person with a low income and can control your expenses and save Bitcoin little by little regularly, then your position may be more sustainable. Therefore, looking at the source of income can never understand the position of an investor. The main thing is how much real discretionary income you have after deducting your necessary expenses and whether your lifestyle or emergency needs will be affected even if you lose that money, and whether it is possible to continue that plan for a long time.

I agree with you, a Person may have many source of income, and still not have enough money to invest comfortably because of high expenses, lack of emergency  savings can drain the income and family responsibilities. The most important thing is not how much a person earn but how much disposable income remains after settling all necessary expenses. Even someone who earn little salary can build a stronger bitcoin portfolio if they control their spending and invest little by little consistently. financial discipline and long term sustainability are more important than source of income.

To an extent a person discretionary income is determined by how much of expenses they have but it is not a great idea to think that how much someone earn has nothing to do with there left over cash . This is proportional,.is Like comparing a rich person and a poor person. The rich may be able to generate more discretionary income when compared to the poor. So I think someone that is earning high stand a great chance of generating much discretionary income when compared to a low earner. Sometimes earning low doesn't means less expenses.

[ejikeme24]

Someone who's not holding bitcoin will not be easily convinced that holding for a long time I not a challenge, the only way for them to know this for sure is for them to actually start holding bitcoin,  once they have started accumulating bitcoin with their discretionary income they will realize that it's really not as difficult or as much of challenge as they had initially thought it to be, all it takes is for them to start investing in bitcoin, that first hand experience will teach them not to doubt their own holding capabilities.

Guys tend to believe what they see and not what they are being told, while some folks can be naive to believe whatever they are being told without making Thier own research, maybe due to the fact that it is coming from Thier trusted source.  At the same time there are some folks that don't easily get convinced even when they get started especially those that lack patient, the economy situation of some countries has impacted some people negatively as they no longer pick interest in whatever investment that won't pay off within a short term. That is why even though it has been said countless time that Bitcoin investment is not a short term investment yet there are people who are still investing for Short term.

 I frequently suggest that if a person can not invest for Long term due to thier expectations, they should look for other investment that can give them what they want rather than forcing themselves to invest in bitcoin with the ecpections that the price of Bitcoin will go up in the Short term because the price of Bitcoin is unpredictable, funny enough that we can't predict what will be the outcome if we invest for long term,  technically short term investment is much more difficult.

[Joeboy]

Hodling for a long time is never a challenge; it is the right thing to do when it comes to Bitcoin investment. The only challenge people may have that makes it difficult for them to hodl Bitcoin for a long time is just a lack of understanding, impatience, and lack of discipline. If this can be worked on, it is possible to hodl Bitcoin, and this is just the standard for Bitcoin investment. From your discretionary income, one has to figure out the amount they can afford to invest; there is nothing difficult to figure out about the money you need to invest in Bitcoin. If it is all about the amount to invest in Bitcoin, then you shouldn't bother about how much to invest but invest according to your abilities and the amount you can afford.

Holding Bitcoin requires the availability of discretionary income, and anyone who has it but yet still keeps delaying isn't actually serious at all.. And it is when you start that you can actually get the understanding and discipline needed to hold for longer time duration..The act of starting regardless of how small the starting amount is, make learning more easier coz you are not just learning, you are also experiencing and then acting(investing) based on what you experienced...

[JayJuanGee]

[edited out]

Sometimes earning low doesn't means less expenses.

That reminds me of an awkwardness that I feel sometimes when I go shopping, and if I go shopping in a poor neighborhood.  Maybe I am driving a car that can easily fit six people, but it is just me in the car, and then maybe I am parked next to another car that really ONLY is meant to fit 4 people (it is a small car), but then they might have a whole family of 6 or even more people, and I feel like if there was justice in the world, then maybe we should switch cars... so yeah, there can be situations in which guys might struggle to pay for a lot of expenses on a low quantity of income.

[The Founding Titan]

[edited out]

Sometimes earning low doesn't means less expenses.

That reminds me of an awkwardness that I feel sometimes when I go shopping, and if I go shopping in a poor neighborhood.  Maybe I am driving a car that can easily fit six people, but it is just me in the car, and then maybe I am parked next to another car that really ONLY is meant to fit 4 people (it is a small car), but then they might have a whole family of 6 or even more people, and I feel like if there was justice in the world, then maybe we should switch cars... so yeah, there can be situations in which guys might struggle to pay for a lot of expenses on a low quantity of income.

This is true, there are even situations of people working from hand to mouth in the sense that they barely have anything left from their earnings after paying up their expenses, that's just how life works for some people, as sad as it might seem and for these people investing in bitcoin will seem like a luxury they simply cannot afford, it's not that they don't want to but the issue there is that they are not generating enough discretionary income and if there is no discretionary income then there can be no bitcoin investment, the world really isn't fair, if it was fair then everyone would get what they deserve.