JJG’s Outline of Bitcoin Investment Ideas

[whiteblue]

Currently, the Bitcoin price is not moving sharply upwards, so at this point, everyone can react by buying more or according to their own capabilities, as the current point is an excellent time to buy Bitcoin in any amount.

To dedicate all our investments to Bitcoin, we must eliminate doubt and worry.

Don't compare prices, because price isn't the benchmark for Bitcoin ownership, our investment progress is the increase in satoshi after satoshi each week.

If we accumulate weekly, we must focus on it. Skipping or delaying purchases at maturity can sometimes derail our plans due to lack of focus.

There's no good entry point unless we buy all at once and forget about it. But if we buy weekly, every entry point is a good price.

[Fash33]

\
Let us not push this idea that people should invest what they can afford to lose because it will make people invest in fear, never trusting Bitcoin and sometimes never investing any significant amount of money.

Do not invest any more than you can afford to lose is the proper expression, so it seems more problematic to be dumbing it down and creating a false sense of guarantee regarding the bitcoin price and/or its future

That has been a key, is very important one should always invest what you can afford to lose, is very necessary to remind new investors that every  investment carries risks, even bitcoin, if the advice is unclear or less strict, that can give the newbie’s wrong impression that bitcoin price can only go up. That’s why it good to invest discretionary income, bitcoin has performed very well over long term, but no one can promise future returns. But stay consistent with a DCA strategy that can make the whole thing easier.

[alankasman]

...

To dedicate all our investments to Bitcoin, we must eliminate doubt and worry.

Don't compare prices, because price isn't the benchmark for Bitcoin ownership, our investment progress is the increase in satoshi after satoshi each week.

If we accumulate weekly, we must focus on it. Skipping or delaying purchases at maturity can sometimes derail our plans due to lack of focus.

There's no good entry point unless we buy all at once and forget about it. But if we buy weekly, every entry point is a good price.

But I don't think it's necessary to do that with Bitcoin because we still need to pursue other things that might become our primary choices in life. Therefore I believe allocating entirely to investments is only for certain people who have more than one source of income. If you don't have that as I said it's difficult to dedicate all your income solely to Bitcoin simply because you're worried about sudden needs. Having multiple sources of income is something you don't need to worry about.

Yes, currently but many people do it based on price comparisons. I think this makes them always behind not wanting to reach points of success in their investment progress. They always compare prices which is their benchmark making it difficult for them to own Bitcoin.

Protection should always be our top priority whether we collect weekly or monthly. This simply aims to focus on protecting what we collect preventing failures in our initial planning and preventing delays.

[Ishicryptic]

\
Let us not push this idea that people should invest what they can afford to lose because it will make people invest in fear, never trusting Bitcoin and sometimes never investing any significant amount of money.

Do not invest any more than you can afford to lose is the proper expression, so it seems more problematic to be dumbing it down and creating a false sense of guarantee regarding the bitcoin price and/or its future

That has been a key, is very important one should always invest what you can afford to lose, is very necessary to remain new investors that every  investment carries risks, even bitcoin, if the advice is unclear or less strict, that can give the newbie’s wrong impression that bitcoin price can only go up. That’s why it good to invest discretionary income, bitcoin has performed very well over long term, but no one can promise future returns. But stay consistent with a DCA strategy that can make the whole thing easier.

I used to think before that if Bitcoin was actually a store of value then we should be investing in it with significant amounts from our incomes but with time I gradually started to gain much knowledge that it is a false narrative thanks to JJG. Bitcoin investment is a secondary requirement so it falls into our discretionary funds to accumulate it, we don't need Bitcoin investment to survive so it doesn't fall into our basic expenses.

Besides as much as we want to see Bitcoin reach $1,000,000 there is no guarantee that it must happen. Nobody entirely controls the Bitcoin network and market, demand and supply can skyrocket or dump it's price and that is the major reason why I believe that we should invest with amount that we are comfortable to lose.

[The Founding Titan]

\
Let us not push this idea that people should invest what they can afford to lose because it will make people invest in fear, never trusting Bitcoin and sometimes never investing any significant amount of money.

Do not invest any more than you can afford to lose is the proper expression, so it seems more problematic to be dumbing it down and creating a false sense of guarantee regarding the bitcoin price and/or its future

That has been a key, is very important one should always invest what you can afford to lose, is very necessary to remain new investors that every  investment carries risks, even bitcoin, if the advice is unclear or less strict, that can give the newbie’s wrong impression that bitcoin price can only go up. That’s why it good to invest discretionary income, bitcoin has performed very well over long term, but no one can promise future returns. But stay consistent with a DCA strategy that can make the whole thing easier.

It's better to tell people the truth than to knowingly mislead them simply because you don't want them to be too afraid to invest, any bitcoin investor is investing for themselves so they should know that success isn't guaranteed, investing with money they can afford to lose isn't meant to scare them off but to make them understand that bitcoin doesn't work in a get rich quick manner and can also net be predicted so nobody really knows how it will perform in the future, people should be aware of what thry are getting themselves into.

[KeenanEl19]

Currently, the Bitcoin price is not moving sharply upwards, so at this point, everyone can react by buying more or according to their own capabilities, as the current point is an excellent time to buy Bitcoin in any amount.

To dedicate all our investments to Bitcoin, we must eliminate doubt and worry.

Don't compare prices, because price isn't the benchmark for Bitcoin ownership, our investment progress is the increase in satoshi after satoshi each week.

If we accumulate weekly, we must focus on it. Skipping or delaying purchases at maturity can sometimes derail our plans due to lack of focus.

There's no good entry point unless we buy all at once and forget about it. But if we buy weekly, every entry point is a good price.

Perhaps what is meant is to allocate the entire discretionary income on bitcoin investments, I agree with this. When we are going to allocate most or even the entire amount of discretionary funds that exist this is not bad but on the other hand we must be able to eliminate worries or doubts and I think if it is in doubt then it is better not, because my own experience when I doubt something but still do it makes the results less than optimal.

When we have income that can be spent then it is a good time to invest bitcoin, not by waiting on finding a price that we think is suitable or felt it was time, it will only delay the investment. In addition do not focus on the profit better focus on its accumulation and myself invest the funds that I can afford by considering it lost.

[BluebloodCXVI]

Ranging or slideways is already the nature or the feature of Bitcoin so anyone who has started or want to start Bitcoin investment should know this feature so that they won't panic and as a long term investor you should not bother yourself about the market ranging because the goal should be to hold for a long term which means that no matter how the market ranges it will definitely surge before that long term, double thought about the market when it is ranging can push one to taking unnecessary decision.

Perhaps you’re right that we shouldn’t panic during the times when bitcoin is going sideways but what makes you think that bitcoin will surely surge after that?. The mere fact that bitcoin has been able to recover from various periods of sideways movements in the past doesn’t mean that future performance is guaranteed to us; it’s not a certainty but i admire your optimism though.

This ranging you mentioned is not really tied to bitcoin alone. Financial markets like bonds, stocks and even gold also go through ranging as well so there’s no need to fuss about it. The important thing is to understand that these phase are normal and should not be allowed to drive a person into making emotional decisions.

Of course staying patient is a good thing but don’t let it fill your head up with assumptions that the market is guaranteed to move up just because you have decided to hold bitcoin for the long term.

Besides as much as we want to see Bitcoin reach $1,000,000 there is no guarantee that it must happen. Nobody entirely controls the Bitcoin network and market, demand and supply can skyrocket or dump it's price and that is the major reason why I believe that we should invest with amount that we are comfortable to lose.

I personally don’t like this phrase “invest with money that is comfortable to lose”
It tends to project bitcoin investment like we are in it to lose and that’s not a good message to pass across to people especially newbies.

“Invest with money you can afford to leave untouched” is a better way to put it in my opinion🤷‍♂️

[johnsaributua]

Perhaps what is meant is to allocate the entire discretionary income on bitcoin investments, I agree with this. When we are going to allocate most or even the entire amount of discretionary funds that exist this is not bad but on the other hand we must be able to eliminate worries or doubts and I think if it is in doubt then it is better not, because my own experience when I doubt something but still do it makes the results less than optimal.

When we have income that can be spent then it is a good time to invest bitcoin, not by waiting on finding a price that we think is suitable or felt it was time, it will only delay the investment. In addition do not focus on the profit better focus on its accumulation and myself invest the funds that I can afford by considering it lost.

If the allocated funds are discretionary funds it's not a problem because they exceed their needs. So investing in Bitcoin with any amount of money is a good idea. This is because the funds are no longer used for other needs unless the funds are not more than necessary so needs are the main priority for anyone. However if the funds are discretionary funds it's better not to invest entirely in Bitcoin. Although these funds are free funds we still save a little more. When a situation arises we will certainly have funds set aside even with discretionary funds but we can resolve unexpected problems. This is only intended to re-visit the investments we have made. Therefore I think it's appropriate because even if it's not a large amount setting aside discretionary funds is part of our interests and also helps us anticipate events that could lead to deviations.

If we had that I think everyone would invest in Bitcoin. This is more geared toward those with multiple income sources. This makes it possible for them to invest any amount they desire in Bitcoin. They have one side for spending while the other is solely for investing in Bitcoin. This focus is more practical and secure in determining the amount for consistent investment.

[junder]

A person can be aggressive at any time depending on his financial situation and his backup fund. Being aggressive is good but being overly aggressive is not a good decision and is not sustainable. A person can continue to buy aggressively for years without going overboard and depending on his financial situation and discretionary income. But yes, how much aggressively a person can buy without going overboard or overly aggressive is something that the person has to find out through proper financial management. Your comment has made aggressive buying only focused on the downfall, which a new person can follow and make a big mistake.

In essence, being aggressive or buying aggressively is legitimate anyone if it is still within our ability or our own discretionary funds. With the discretionary funds we have, we can use them for anything, such as saving or investing and being aggressive in buying bitcoin is like accumulating all the discretionary funds we have on investments and of course this is not wrong because it is in accordance with the ability of our own discretionary funds.

[Gragebox]

But I don't think it's necessary to do that with Bitcoin because we still need to pursue other things that might become our primary choices in life. Therefore I believe allocating entirely to investments is only for certain people who have more than one source of income. If you don't have that as I said it's difficult to dedicate all your income solely to Bitcoin simply because you're worried about sudden needs. Having multiple sources of income is something you don't need to worry about.

It would not be wise for the average person to invest all of his/her available cash in bitcoin. Unforeseen circumstances may arise anytime, from having medical bills to deal with to losing your job. Therefore, it is better to have an emergency fund before allocating extra money for investments. Bitcoin is indeed a good investment tool. however, it is supposed to be part of the overall financial plan of a person, and not replace it altogether. If a person has more than one source of income, he/she might be able to allocate more of their money to investments, but that is not everybody’s situation.

Yes, currently but many people do it based on price comparisons. I think this makes them always behind not wanting to reach points of success in their investment progress. They always compare prices which is their benchmark making it difficult for them to own Bitcoin.

Protection should always be our top priority whether we collect weekly or monthly. This simply aims to focus on protecting what we collect preventing failures in our initial planning and preventing delays.

It's common for people to compare the current price of Bitcoin with the price from previous days, and such comparisons usually result in hesitation. People constantly wait for the right moment, but the fact is, during that time when they hesitate, they lose chances to increase their position.

I totally agree with the idea of making protection the primary goal regardless of how often we invest in our assets. Whether one purchases Bitcoin once a month or once a week, it doesn't matter. All that matters is that we need to use a safe wallet, back up our private keys and avoid making impulsive decisions.

[Tetu100]

It's better to tell people the truth than to knowingly mislead them simply because you don't want them to be too afraid to invest, any bitcoin investor is investing for themselves so they should know that success isn't guaranteed, investing with money they can afford to lose isn't meant to scare them off but to make them understand that bitcoin doesn't work in a get rich quick manner and can also net be predicted so nobody really knows how it will perform in the future, people should be aware of what thry are getting themselves into.

That's the fact, moreover who are we trying to impress if I may ask? it's more better off telling them in details what is pretty involved so that the person in question will know what he's venturing his money  into without blaming someone later when things didn't goes as planned. However, it's even in their favour as a new investor to know what is at stake so they won't go beyond their gage and even stand a better chance of doing things in a way that they won't start having issues with their investment in future.

[Jostern]

Besides as much as we want to see Bitcoin reach $1,000,000 there is no guarantee that it must happen. Nobody entirely controls the Bitcoin network and market, demand and supply can skyrocket or dump it's price and that is the major reason why I believe that we should invest with amount that we are comfortable to lose.

I personally don’t like this phrase “invest with money that is comfortable to lose”
It tends to project bitcoin investment like we are in it to lose and that’s not a good message to pass across to people especially newbies.

“Invest with money you can afford to leave untouched” is a better way to put it in my opinion🤷‍♂️

There is absolutely nothing wrong with the phrase, what he is trying to say is that you should invest with a discretionary income, money that you can afford to loose, there is absolutely no guarantee of profit in bitcoin, which is why you’re advised to invest in a long term.

And there is something that is called risk management, you have to do what is right, so you can manage the risk associated with bitcoin investments, bitcoin investment is not gambling, so which is why you have to invest money that you can afford to loose.

[Charcol]

Besides as much as we want to see Bitcoin reach $1,000,000 there is no guarantee that it must happen. Nobody entirely controls the Bitcoin network and market, demand and supply can skyrocket or dump it's price and that is the major reason why I believe that we should invest with amount that we are comfortable to lose.

I personally don’t like this phrase “invest with money that is comfortable to lose”
It tends to project bitcoin investment like we are in it to lose and that’s not a good message to pass across to people especially newbies.

“Invest with money you can afford to leave untouched” is a better way to put it in my opinion🤷‍♂️

@JayJuanGee himself also says to think positively about such things. I never see the saying “invest money that you can afford to lose” in a wrong way. This does not mean that we want to lose money. Rather, it means investing without destroying your lifestyle, basic needs, emergency fund, family responsibility and cashflow. You know that although Bitcoin is a strong asset in the long term, it can be volatile or go down in the short term. So if you buy with the money you need, you are putting yourself in a position to sell.

Again, the saying “money that can be kept untouched” is probably good, but it also does not fully capture risk management. Because you may be able to keep some money untouched for a few years, but you should also consider whether you have the mentality and financial ability to lose that money.

[Sim_card]

It's better to tell people the truth than to knowingly mislead them simply because you don't want them to be too afraid to invest, any bitcoin investor is investing for themselves so they should know that success isn't guaranteed, investing with money they can afford to lose isn't meant to scare them off but to make them understand that bitcoin doesn't work in a get rich quick manner and can also net be predicted so nobody really knows how it will perform in the future, people should be aware of what thry are getting themselves into.

In addition,invest with the amount of money you can afford to lose simply means don't invest with all your life savings into bitcoin because profit isn't guarantee so that you don't end up in regrets if the price is against you in future.

It also means that you shouldn't invest beyond your discretionary income because the price is volatile and can put you at loss if you're in need of the money. No need to feel that it's misleading because common sense can tell you what it means and you have to stick to the rules because it's a good guideline to long term bitcoin investment success.

[Merit.s]

In essence, being aggressive or buying aggressively is legitimate anyone if it is still within our ability or our own discretionary funds. With the discretionary funds we have, we can use them for anything, such as saving or investing and being aggressive in buying bitcoin is like accumulating all the discretionary funds we have on investments and of course this is not wrong because it is in accordance with the ability of our own discretionary funds.

That's not what buying aggressively is all out because it's not realistic for anyone to buy bitcoin with all his discretionary income neglecting his discretionary consumption and building his emergency funds. You don't need to go beyond your limit and forget to put in place the necessary funds to make your bitcoin investment journey smooth.

Emergency funds is needed to backup your bitcoin investment and it is being set up from your discretionary income and it must be at least three months of your monthly expenses. You cannot deprive yourself from your discretionary consumption which is also important to you because you must have one or two that you will need to buy.

Aggressive buying is when you use a larger portion of your discretionary income to buy Bitcoin. For example instead of sharing your discretionary income into three equal part of 33.3% each. You decided to use 45% of your discretionary income to DCA.

[Silikiem]

I personally don’t like this phrase “invest with money that is comfortable to lose”
It tends to project bitcoin investment like we are in it to lose and that’s not a good message to pass across to people especially newbies.

“Invest with money you can afford to leave untouched” is a better way to put it in my opinion🤷‍♂️

I largely agree to what you are saying but then you don’t have to have a problem with the concept of one investing money they can comfortably lose. And I think JJG have been able to clearify the concept of this very  phrase few days ago if you follow the thread closely., and in his word he said the expression is “not to invest with more than you can afford to lose”. He also went further explaining that the concept is only trying to let us know that there’s no guarantee that we are going to be profitable and there’s also no guarantee of not losing it all due to some certain reasons caused by either our actions now that may likely affect our investment in the future (executional reasons), or maybe due to reasons that Many of us may consider unlikely to happen to us but at the end it still happens because life itself can be very unpredictable. So the key is “not to invest with more than you can afford to lose, invest with a discretionary income you won’t be needing anytime soon.”

[Son Of Blockchain (SOB)]

I personally don’t like this phrase “invest with money that is comfortable to lose”
It tends to project bitcoin investment like we are in it to lose and that’s not a good message to pass across to people especially newbies.

“Invest with money you can afford to leave untouched” is a better way to put it in my opinion🤷‍♂️

I largely agree to what you are saying but then you don’t have to have a problem with the concept of one investing money they can comfortably lose. And I think JJG have been able to clearify the concept of this very  phrase few days ago if you follow the thread closely., and in his word he said the expression is “not to invest with more than you can afford to lose”. He also went further explaining that the concept is only trying to let us know that there’s no guarantee that we are going to be profitable and there’s also no guarantee of not losing it all due to some certain reasons caused by either our actions now that may likely affect our investment in the future (executional reasons), or maybe due to reasons that Many of us may consider unlikely to happen to us but at the end it still happens because life itself can be very unpredictable. So the key is “not to invest with more than you can afford to lose, invest with a discretionary income you won’t be needing anytime soon.”

If you visit the gambling discussion board, such phrase is very popular there you know why? It's cause luck plays a major role in gambling therefore gamblers likely lose more than they can win which is why they have to invest with what they can afford to lose, however it's a different case with Bitcoin investment, success might not be guaranteed but holding longer gives hope.
 Moreover there's a prove for that which is that Bitcoin mostly rewards long term holders, you can check the history to be sure of what am saying and what's used for it is the discretionary fund not something you can comfortably lose which makes it look like you're gambling instead of investing.

[sotelorene]

\
Let us not push this idea that people should invest what they can afford to lose because it will make people invest in fear, never trusting Bitcoin and sometimes never investing any significant amount of money.

Do not invest any more than you can afford to lose is the proper expression, so it seems more problematic to be dumbing it down and creating a false sense of guarantee regarding the bitcoin price and/or its future

That has been a key, is very important one should always invest what you can afford to lose, is very necessary to remind new investors that every  investment carries risks, even bitcoin, if the advice is unclear or less strict, that can give the newbie’s wrong impression that bitcoin price can only go up. That’s why it good to invest discretionary income, bitcoin has performed very well over long term, but no one can promise future returns. But stay consistent with a DCA strategy that can make the whole thing easier.

Investing with what someone can afford to loss doesn't mean an Investor should use an amount of money that won't worth something in Bitcoin no, what we can afford to lose should be something reasonable that will help our portfolio to grow with time. It is correct that with gradual and consistent accumulation we would get to a better height but I can tell you for free that there are some amount you will use in Bitcoin investment no matter your consistency you will be back and it will look like you are not making progress.

[The Founding Titan]

It's better to tell people the truth than to knowingly mislead them simply because you don't want them to be too afraid to invest, any bitcoin investor is investing for themselves so they should know that success isn't guaranteed, investing with money they can afford to lose isn't meant to scare them off but to make them understand that bitcoin doesn't work in a get rich quick manner and can also net be predicted so nobody really knows how it will perform in the future, people should be aware of what thry are getting themselves into.

In addition,invest with the amount of money you can afford to lose simply means don't invest with all your life savings into bitcoin because profit isn't guarantee so that you don't end up in regrets if the price is against you in future.

It also means that you shouldn't invest beyond your discretionary income because the price is volatile and can put you at loss if you're in need of the money. No need to feel that it's misleading because common sense can tell you what it means and you have to stick to the rules because it's a good guideline to long term bitcoin investment success.

This is also why investing will all of our discretionary income is seen as being over aggressive, even though we use our discretionary income to buy bitcoin we should s5ill mske sure to keep it all within a tolerable amount of their discretionary income, if you can't handle being aggressive then you have no reason to be aggressive, people want to buy as much bitcoin as they can in as short s time as possible, this isn't a bad thing to want but if the investor can't handle that level of aggressiveness then there is nothing wrong with simply sticking to what they can tolerate.

[Yablee0]

Besides as much as we want to see Bitcoin reach $1,000,000 there is no guarantee that it must happen. Nobody entirely controls the Bitcoin network and market, demand and supply can skyrocket or dump it's price and that is the major reason why I believe that we should invest with amount that we are comfortable to lose.

I personally don’t like this phrase “invest with money that is comfortable to lose”
It tends to project bitcoin investment like we are in it to lose and that’s not a good message to pass across to people especially newbies.

“Invest with money you can afford to leave untouched” is a better way to put it in my opinion🤷‍♂️

There is absolutely nothing wrong with the phrase, what he is trying to say is that you should invest with a discretionary income, money that you can afford to loose, there is absolutely no guarantee of profit in bitcoin, which is why you’re advised to invest in a long term.

And there is something that is called risk management, you have to do what is right, so you can manage the risk associated with bitcoin investments, bitcoin investment is not gambling, so which is why you have to invest money that you can afford to loose.

Yea, you are right. Maybe theirs was a misunderstanding somewhere because from what I can gather he's trying to advice we invest from our discretionary funds which is the funds after every expenses is been settled and that nothing is guaranteed regardless.  However, even though it's proven beyond every reasonable doubt that Bitcoin is more in an advantage of making something that can secure the future , it's still advisable we do what's right and observe every single necessary measures to avoid breaking down half way in our investment journey.