JJG’s Outline of Bitcoin Investment Ideas

[Umulala-alala]

Well I understand thank you for that, delaying is not a good decision, from the many delays most of them are failures especially in uncertain expectations such as a continuous decline such as a disease when bitcoin goes down always hoping to go down again, and it becomes a psychological disease that must be treated.
 
Or maybe what we can outsmart is like dividing the two budget funds for purchases by having funds for routine DCA and also funds for purchases at a reduced price level that is targeted or worth buying, so DCA continues and we have the strength to accumulate when a crash occurs.
But the most appropriate decision is indeed to increase income because from there we can get more discretionary money to spend, the more discretionary income the more bitcoins we can get with more money this is simpler than thinking about it.

Some folks have valid reasons why they wait, like building emergence funds
The main thing is having a good sustainable investment plan instead of making decisions that is base on fear or expectations about where the price might go next. No one can predict future movements, so it better to focus on a strategy you can maintain over the long term with discretionary funds. Bitcoin uccessful accumulation is not about trying to outsmart the market. It’s about consistency and all round discipline

Valid reasons why they wait? Sounds like excuses instead of actually doing something about it, you can invest and build up your emergency fund at the same time so using your emergency fund as an excuse not to invest isn't a valid reason so don't get it twisted, right now it's 'you can't invest unless you've set up your emergency fund' later it's going to be 'you don't need your discretionary income to invest' watch the kind of information you try to spread before you end up misleading people into making mistakes they will regret.

Not having our emergency funds should not stop us from getting started with our bitcoin investment as we can start immediately if there is any discretionary income available and as a new investor they can buying with your discretionary income and still be building up there emergency funds along the line as they are ongoingly buying bitcoin, first thing first we needed to get started with is having our discretionary income available then emergency funds follows.

[Rockson1]

Not having our emergency funds should not stop us from getting started with our bitcoin investment as we can start immediately if there is any discretionary income available and as a new investor they can buying with your discretionary income and still be building up there emergency funds along the line as they are ongoingly buying bitcoin, first thing first we needed to get started with is having our discretionary income available then emergency funds follows.

Were you trying to say a different thing.perhaps I'm got you wrong but it seems you are mixing up something, if you suggest that newbies should not be hindered to invest in Bitcoin because of unavailability of discreationary income, what then do you think they should invest in Bitcoin with? There is something you are getting wrong, whatever amount you want to start Bitcoin investment with, should come from your discreationary income, despite how small it is, it remains discreationary income, please don't get things twisted so that newbies won't misunderstand things here.

Discreationary income, Bitcoin acumulation then emergency funds comes, although it is not bad to have some funds as emergency funds before you start, in other words, it is not compulsory to have it first but whichever way is good as far as you make provision for it to serve it's purpose whenever it is needed.

[Mame89]

Not having our emergency funds should not stop us from getting started with our bitcoin investment as we can start immediately if there is any discretionary income available and as a new investor they can buying with your discretionary income and still be building up there emergency funds along the line as they are ongoingly buying bitcoin, first thing first we needed to get started with is having our discretionary income available then emergency funds follows.

Were you trying to say a different thing.perhaps I'm got you wrong but it seems you are mixing up something, if you suggest that newbies should not be hindered to invest in Bitcoin because of unavailability of discreationary income, what then do you think they should invest in Bitcoin with? There is something you are getting wrong, whatever amount you want to start Bitcoin investment with, should come from your discreationary income, despite how small it is, it remains discreationary income, please don't get things twisted so that newbies won't misunderstand things here.

Discreationary income, Bitcoin acumulation then emergency funds comes, although it is not bad to have some funds as emergency funds before you start, in other words, it is not compulsory to have it first but whichever way is good as far as you make provision for it to serve it's purpose whenever it is needed.

The bottom line is realistically for all of us, especially beginners who want to invest in Bitcoin. We must emphasize the mindset that it's not necessary to wait for a full emergency fund before buying Bitcoin. However don't sacrifice your emergency fund allocation just to buy Bitcoin.

Perhaps the safest approach is to have discretionary income so we can allocate some to an emergency fund, plus some to Bitcoin and grow both over time. We must also be aware not to invest with both our daily needs and emergency funds. The money, whether small or large should come from our disposable income, while remaining disciplined in building an emergency fund. This way, we won't be deterred from starting but we also won't take excessive risks. After all financial security remains the number one priority in any decision.

[Itz-prisigold]

I disagree with you on this taking loan to invest or purchase Bitcoin is not a bad idea per say and I think the reason for this has been stated several times and I will still like to inform you again that it is not totally or completely a bad idea to use loan money to purchase Bitcoin. If someone has a good source of income or good sources of income and maybe due to one or two reasons he is out of funds when the Dip comes, taking loan to front load won't be a bad idea because he has more than what can clear up that loan but in other hand if you don't... It will be best you don't take that risk because you will sell premature or panic.

My problem is that you're implying that if someone have a good income,  then they should definitely get a loan to buy bitcoins. Having a good income right now does not mean that your income or expenses will be the same in the future. Life turns out to be very unpredictable, and things can happen out of the blue, but the loan must be paid back.

But I don't consider a dip in the market as a good reason to begin borrowing money. If your plan depends on accumulating by borrowing when the price of Bitcoin is down,  then your accumulation plan is no longer based on discretionary income, it's based on future income that you haven't earned yet. This increases the risk of the investment.

To me, being more aggressive should be based on improving your cashflow, increasing your discretionary income, or building larger backup funds and not debt.  A dip should not be enough reason to give up an investment plan which is intended to be maintained for many years.

[Yablee0]

I agree with your point. Taking a loan to invest in Bitcoin is  for me is  a poor decision, not just for beginners but for anyone who intends to invest with a long term mindset. Borrowed money comes with repayment deadline and not always Idea for someone who want to.start Accumulating Bitcoin because a  loan turns investing into a race against time because monthly repayments continue whether the market is up or down. That is why the DCA funded by discretionary income  is a more preferable approach  because as long as investors is able to figure out their discretionary income from what they earn no matter how little it is they can start buying bitcoin with it,  rather than using borrowed money which have a monthly repayment deadline, and at times can make an investor to sell off their Bitcoin stash to offset the loan

I can understand your anger against taking of loan to invest in Bitcoin due to several negative experience in the past, yes it's quite understandable. But on the contrary i think taking of loan to invest in Bitcoin isn't completely a bad idea depending on your repayment plan. If you have plans of paying back the loan totally off your investment holdings, maybe you have other stream of income you are looking out to pay off the loan with then you are cool because Bitcoin is an investment that we aren't expecting profits anytime soon, it's mainly for the future purposes. But were comes the problem and why many investors keep having issues is when you took a loan and to worsten it all, you now have plans of paying back the loan from your investment holdings. That's a red flag and can automatically bring you back to square zero if you're not mindful. However, this can force you to sell untimely when the loan repayment date has elapse and you know what that means to your investment that is just undergoing a nurturing stage.

[liasbaa]

Not having our emergency funds should not stop us from getting started with our bitcoin investment as we can start immediately if there is any discretionary income available and as a new investor they can buying with your discretionary income and still be building up there emergency funds along the line as they are ongoingly buying bitcoin, first thing first we needed to get started with is having our discretionary income available then emergency funds follows.

To start Bitcoin accumulation you need a discretionary income/fund. There is no set amount for discretionary income. If you have $50 or more at the end of the week, set aside at least $30 in Bitcoin. Use the remaining amount to build an emergency fund and another portion for extra expenses.

There is no set time frame for when an emergency will occur and the extent of it is also unknown. You should have such an emergency fund available so that you do not have to suffer the consequences of long term Bitcoin accumulation or withdrawals from your holdings.

If you do not have a stable source of income but have extra funds available from temporary income source at the end of the week, start accumulation Bitcoin because the current price decline may not come in the future. You will not always find good investment opportunities. Accumulate Bitcoin with the amount of extra funds you have and plan for the long term.

[Lembo69]

Not having our emergency funds should not stop us from getting started with our bitcoin investment as we can start immediately if there is any discretionary income available and as a new investor they can buying with your discretionary income and still be building up there emergency funds along the line as they are ongoingly buying bitcoin, first thing first we needed to get started with is having our discretionary income available then emergency funds follows.

To start Bitcoin accumulation you need a discretionary income/fund. There is no set amount for discretionary income. If you have $50 or more at the end of the week, set aside at least $30 in Bitcoin. Use the remaining amount to build an emergency fund and another portion for extra expenses.

There is no set time frame for when an emergency will occur and the extent of it is also unknown. You should have such an emergency fund available so that you do not have to suffer the consequences of long term Bitcoin accumulation or withdrawals from your holdings.

If you do not have a stable source of income but have extra funds available from temporary income source at the end of the week, start accumulation Bitcoin because the current price decline may not come in the future. You will not always find good investment opportunities. Accumulate Bitcoin with the amount of extra funds you have and plan for the long term.

When investing in Bitcoin, we should definitely use discretionary income, because without discretionary income, you can worry about the money you invest with. Discretionary income is effective for long-term investment, there are many investors who only want to invest with their perpetual income, do not accept easy means like DCA. So they face many pitfalls, just as it is necessary to know the right strategy to make investment sustainable in long-term plans, it is also necessary to focus on many other things including emergency funds in addition to investments. To build a long-term sustainable investment, it is important for an investor to focus on his investment and consider other funds as important.

[Rockstarguy]

The reason why I will say taking a loan to invest in Bitcoin is bad is when someone takes a loan to invest for a short period with the aim of returning it after making some profit.However, if someone has the means to pay back the loan, I would say it is not a bad idea for that person to take a loan to invest in Bitcoin, whether the person is a newbie or not, because they have the means to repay the money without relying entirely on the Bitcoin investment.The reason why many people are against taking a loan to invest in Bitcoin is that there is a possibility that they may not be able to pay back the loan. So let us understand that taking a loan can be either bad or good depending on a person reason for taking the loan to invest in Bitcoin and their ability to repay it.

Even if you have the means to repay a loan, it is never wise to engage in bitcoin investment. If you have the means to pay back loans, why take a loan to invest? Since you already have a source of income, why don't you just invest? Taking a loan is a big loss for you because you will have to pay interest. If you had never taken a loan, the interest could also have been part of the money you would have invested in Bitcoin.
Taking a loan to invest makes everything stressful, and this is the reason why we advocate the DCA strategy, which allows you to invest amounts you can afford at convenient times when you have discretionary income. The DCA strategy is not supposed to stress you while you invest, but taking loans for investment will definitely stress you. The reason why taking a loan is not advisable for bitcoin investments is that it is an investment that doesn't encourage borrowers, but rather encourages investors to plan and invest accordingly.

[UpTober]

But yes, if a person has the ability to repay the loan and if he can repay the loan on time, such as in installments, weekly or monthly, then if he can take a loan, then he can take a loan and invest during the recession. But first of all, he has to decide whether he can repay the loan or not.

Taking a loan to invest in Bitcoin as a beginner is not really encouraged because at that particular point in time, you are not too experienced in your Bitcoin investment, so you can easily run into trouble with your investment, even though you have other means of income to pay it back.
Instead you should focus more on figuring out your discretionary income, so that you can invest with it, because taking a loan to invest in Bitcoin is a risky move only veteran investor should take, as long as they have other means of repaying back the loan, and the outcome of their investment have nothing to do with their ability to pay back the loan.

If investors have the opportunity to invest from their discretionary income, then that will be a good decision for investors because when an investor invests with discretionary income, there will naturally be no pressure on him, but on the contrary, if an investor invests with a loan, then he will have to think a little about whether he will be able to repay this loan on time since he is investing with a loan. Again, many times an investor may think that the market is down but the person from whom he has taken the loan is pressuring him for money, then the investor may be forced to sell his investment at a loss. Therefore, the best decision would be to invest with a relatively small amount of money but that with his discretionary income. If I now give an example of a person who is unable to continue his DCA investment well due to financial constraints, if that person decides to invest by taking a loan, then this investment decision will put him under a lot of pressure both financially and mentally, as a result of which nothing will be completed well.  In my opinion, in the new situation, investors should first develop discipline, learn to be patient, and learn to ensure consistency. Then, they should slowly take big steps in their investments. That, I think, would be a good decision.

[samadam007]

i think taking of loan to invest in Bitcoin isn't completely a bad idea depending on your repayment plan. If you have plans of paying back the loan totally off your investment holdings, maybe you have other stream of income you are looking out to pay off the loan with then you are cool because Bitcoin is an investment that we aren't expecting profits anytime soon, it's mainly for the future purposes. But were comes the problem and why many investors keep having issues is when you took a loan and to worsten it all, you now have plans of paying back the loan from your investment holdings. That's a red flag and can automatically bring you back to square zero if you're not mindful. However, this can force you to sell untimely when the loan repayment date has elapse and you know what that means to your investment that is just undergoing a nurturing stage.

The focus should not only on how to repay. The bigger question here should be on if borrowing to invest in Bitcoin is a risk worth taking in the first place. Even if a investor has another source of income, life is unpredictable. What happens if that income is reduced or lost before that loan is fully repaid?

Long term approach in BTC is about investing money you can afford to leave untouched, not money you owe. Investing money that you can afford to leave can give an investor flexibility to stay invested without pressure from debt affecting their decisions. Risk management should always come first.

[Silikiem]

Not having our emergency funds should not stop us from getting started with our bitcoin investment as we can start immediately if there is any discretionary income available and as a new investor they can buying with your discretionary income and still be building up there emergency funds along the line as they are ongoingly buying bitcoin, first thing first we needed to get started with is having our discretionary income available then emergency funds follows.

Were you trying to say a different thing.perhaps I'm got you wrong but it seems you are mixing up something, if you suggest that newbies should not be hindered to invest in Bitcoin because of unavailability of discreationary income, what then do you think they should invest in Bitcoin with? There is something you are getting wrong, whatever amount you want to start Bitcoin investment with, should come from your discreationary income, despite how small it is, it remains discreationary income, please don't get things twisted so that newbies won't misunderstand things here.

Discreationary income, Bitcoin acumulation then emergency funds comes, although it is not bad to have some funds as emergency funds before you start, in other words, it is not compulsory to have it first but whichever way is good as far as you make provision for it to serve it's purpose whenever it is needed.

I think you’re the one mixing up something here because from what I read in  @Umulala-alala statements , he wasn’t really referring to a discretionary income, but he was referring to the emergency funds. He said not having the emergency funds available shouldn’t be a hinderance why folks shouldn’t get started In bitcoin as what is needed for them to start is just a discretionary income and not Emergency funds, because if they are able to figure out a discretionary income then they can decide on how much percentage of their discretionary income they can allocate towards buying bitcoin and how much of it they can allocate towards building up their emergency funds gradually. For a start, folks needs a discretionary income to start buying bitcoin first even though they don’t have available emergency funds at hand as they can always build up the emergency funds along side even while accumulating bitcoin and hold.

[Halifat]

Valid reasons why they wait? Sounds like excuses instead of actually doing something about it, you can invest and build up your emergency fund at the same time so using your emergency fund as an excuse not to invest isn't a valid reason so don't get it twisted, right now it's 'you can't invest unless you've set up your emergency fund' later it's going to be 'you don't need your discretionary income to invest' watch the kind of information you try to spread before you end up misleading people into making mistakes they will regret.

Not having our emergency funds should not stop us from getting started with our bitcoin investment as we can start immediately if there is any discretionary income available and as a new investor they can buying with your discretionary income and still be building up there emergency funds along the line as they are ongoingly buying bitcoin, first thing first we needed to get started with is having our discretionary income available then emergency funds follows.

Your point is cleared and understandable, a lot of people get it wrong when they want to start their bitcoin investment, some people keep saying that emergency funds must be ready, which I disagree with them because emergency fund can be built alongside your investment. You can build the two simultaneously from your discretionary income. There's no any problem if you split your discretionary income like 80 - 20, 80% will go for your investment while 20 will stand for your emergency funds. 

[SmartCharpa]

Taking loan to invest as an investor is a bad idea and not for beginner alone, due to, it has mentioned clear around the threads in the forum that taking of loan to invest can make you feel uncomfortable with your investments and even when you have the long term goal with your investments, you can end make use of short term and when i visualize the whole thing, I see the point and reason of not encouraging for any loan to invest in bitcoin.

It’s very wrong for anyone to take a loan and invest in Bitcoin. It’s not even advisable to invest with funds you will need anytime soon. Anybody who takes a loan to invest in Bitcoin will have a short term goal, they will not be thinking about buying for the long term. The way the market is reacting now is very clear that Bitcoin is not something we should invest in with loan funds. Those who are buying for the short term will lose their money because the market is not going the way they expected.

In addition, if you invest with borrowed money, you will not have peace of mind whenever the market is going down. At that point, anybody who invested with borrowed funds can sell because and whether they sell at a loss or end up losing everything. There is nothing good about buying with borrowed funds, it will only cause you too much stress, and if you lose, there is no other way to pay back the loan.

[Agbam]

I can't stop asking myself that, what could possibly make someone to go take out loan to invest in bitcoin, is it that they run out of discretionary funds? Of course if that's the case, they should wait patiently until they figure out Thier discretionary income to continue from where they stopped rather than taking out loan I think that's what every professional would do.

I think one of the reasons why some investors take loan to invest in Bitcoin is because they see decline period as an opportunity to increase there BTC size by trying to buy more from the present Dip season. So I believe the plan is to seize the opportunity to increase there portfolio. And having no extra funds to do that, and been intentional with an investment mindset, that it is good to always HODL more Bitcoin in your portfolio, they go ahead to borrow just to buy more.
 

I was thinking we’ve dissected and discussed the issue of taking out loans here but anyway it’s good to also keep the discussion ongoing for those who might be seeing it for the first time.

You see that rush to grab that opportunity you’re talking about is what has put many supposed investors in financial trouble. Let’s say you took a loan to buy at a price you thought was a dip and after your purchase price goes further down, you’ll find yourself servicing a loan that’s in debts.

It’s important you accumulate bitcoin within your means and front load with money that’s discretionary. Bitcoin is a long term investment, there’s will always be volatility and there will always be opportunities. There’s no need for a rush into debt just to own Bitcoin.

[AYOBA]

To start Bitcoin accumulation you need a discretionary income/fund. There is no set amount for discretionary income. If you have $50 or more at the end of the week, set aside at least $30 in Bitcoin. Use the remaining amount to build an emergency fund and another portion for extra expenses.

If a person have sources of income it make the Bitcoin accumulation easy for them, but I wonder those without discretionary income and they involve themselves in to the Bitcoin investments this kind of people don’t get what they want in Bitcoin investments. Because once they’ve emergency financial funds some they don’t any alternative then sell their assets, and if the market crashes at that moment they will definitely sell it at big lose.

If you do not have a stable source of income but have extra funds available from temporary income source at the end of the week, start accumulation Bitcoin because the current price decline may not come in the future. You will not always find good investment opportunities. Accumulate Bitcoin with the amount of extra funds you have and plan for the long term.

Those that has been a while in the Bitcoin investments if they where advised people that they don’t have stable sources of income shouldn’t rush the Bitcoin investment, they all think may be they want to stop them from investing in Bitcoin at right time which not like that; they knows that those who choose to take that types of risks it was not favour them that’s why they keep advised always.

[Xackie]

Not having our emergency funds should not stop us from getting started with our bitcoin investment as we can start immediately if there is any discretionary income available and as a new investor they can buying with your discretionary income and still be building up there emergency funds along the line as they are ongoingly buying bitcoin, first thing first we needed to get started with is having our discretionary income available then emergency funds follows.

Were you trying to say a different thing.perhaps I'm got you wrong but it seems you are mixing up something, if you suggest that newbies should not be hindered to invest in Bitcoin because of unavailability of discreationary income, what then do you think they should invest in Bitcoin with? There is something you are getting wrong, whatever amount you want to start Bitcoin investment with, should come from your discreationary income, despite how small it is, it remains discreationary income, please don't get things twisted so that newbies won't misunderstand things here.

Discreationary income, Bitcoin acumulation then emergency funds comes, although it is not bad to have some funds as emergency funds before you start, in other words, it is not compulsory to have it first but whichever way is good as far as you make provision for it to serve it's purpose whenever it is needed.

The bottom line is realistically for all of us, especially beginners who want to invest in Bitcoin. We must emphasize the mindset that it's not necessary to wait for a full emergency fund before buying Bitcoin. However don't sacrifice your emergency fund allocation just to buy Bitcoin.

Perhaps the safest approach is to have discretionary income so we can allocate some to an emergency fund, plus some to Bitcoin and grow both over time. We must also be aware not to invest with both our daily needs and emergency funds. The money, whether small or large should come from our disposable income, while remaining disciplined in building an emergency fund. This way, we won't be deterred from starting but we also won't take excessive risks. After all financial security remains the number one priority in any decision.

Investors without emergency funds always find themselves in a tight position ,especially when life decides to become unfavorable e.g Health issue, Utilities, or something random that is a matter of concern. The kind of tight position I am referring to is  when an individual is forced to sell a part or all of their Bitcoin holdings just to cover those urgent needs. An investor who had the goal of holding for a long term won't be able to do that anymore since they've already sold off part or all their Bitcoin and trying to start all over again might require strong conviction. So building an emergency fund is not separate from investing, it protects the investment itself. At the same time, an emergency funds isn't something that one must have first before starting their investments. Both can be developed gradually and side by side.