JJG’s Outline of Bitcoin Investment Ideas

[Jostern]

~snip~.

Your sentiment about this is spot on sir. The problem with most of this guys is that they believe 100% that Bitcoin will skyrocket and make a fortune for them in the future, forgetting that nothing is 100% guaranteed in this life, and Bitcoin is not an exception.

The main reason we have high hopes on Bitcoin is because of it rich history and it huge potential, but their is no where it's written in stone that it's going to rise up to a certain level in the future, so investing with our discretionary income, which is a fund we can afford to lose is the ideal thing to do, so that we will not be too affected financially and emotionally if our investment did not later go as expected, so you are right when you said that their is nothing wrong in using the phrase "invest with what you can afford to lose".

You seem to be mixing up term... Discretionary income isn't majorly the money you can afford to lose... Most folks could have a certain amount of discretionary income (like $300), but not many folks may be able to use the whole amount of money, due to the fact that they are still yet to build some backup funds and/or emergency funds.. And so they may split the may into three places or more or even less and use some for building their safety net, some for consumption and the rest for maybe as their investment amount... So the money that folks can afford to lose in simple term is the money that one can afford to use immediately/ or leave for say a long term without depending on it for your daily expenses or even any unexpected needs, regardless of how uncertain the results of leaving or using the money may be...

Personally I think it’s never ideal for an investor to be investing all his discretionary income into bitcoin, because that is a very terrible thing to do as an investor, especially when you’re a newbie and you’re getting started with investing in bitcoin, definitely as some point in your investments plans you will need to be building your backup funds, which is why I think as an investor it’s never ideal to even be investing in bitcoin with all your discretionary income, and applying risk management buy sustainable investments.

Majority of investors knows that it’s never ideal to invest all your money into bitcoin because you will always have an opportunity to build a backup funds and emergency funds which can be able to keep sustaining your investments, personally as an investor I wouldn’t invest all my discretionary income into bitcoin, instead I would want to increase my discretionary income, by devising new means of having different cashflows that would enable me to have more discretionary income and increase my income and buy accumulating capacity.

[Queen uloma]

You are fighting too much with the proper expression, which is "don't invest into bitcoin any more than you can afford to lose."

The expression applies to investing in bitcoin.

The expression also applies to gambling.

Sure bitcoin investing is not gambling, even though that same expression applies to both.

Frequently I suggest to people to not gamble, trade, or fuck around with shitcoins any more than 10% the size of your bitcoin investment amount, and without cheating.

For sure, gamblers/traders and/or shitcoiners are likely going to have tendencies to want to increase and/or go beyond the 10% limitation, so if they are having difficulties resisting getting involved in trading, gambling and/or shitcoins, they likely are also going to have troubles sticking to a 10% limit.  So perhaps if they start their trading/gambling/shitcoining, and they establish up to a 10% budget, then each time they get more income of $100 then maybe they put $90 into bitcoin and $10 into trading/gambling and/or shitcoins, and so they likely have to keep those two budgets separate so that if they end up losing the portion that they are putting into trading/gambling and/or shitcoining, then they are not authorized to draw more from their bitcoin holdings, they have to wait until the next time that they receive pay and they can then be authorized to put $90 into bitcoin and $10 into trading/gambling/shitcoins. 

And, let's say for example, their trading/gambling and/or shitcoining holdings is growing way faster than their bitcoin holdings, so maybe they will be tempted to take from their bitcoin holdings and to put some value into their trading/gambling/shitcoining, and surely it is going to take the trader/gambler/shitcoiner a lot of will power to stick to keeping their budget separate and to continue to limit themselves to new injections into their trading/gambling/shitcoining coming from new money and not taking any value from their bitcoin in order to fund their inferior investments (that happen to be performing better at that particular time).

You’re absolutely right, I don’t know why individuals have to be pondering about that particular phrase, personally I believe that we should only invest what we are going to be comfortable with loosing, the same word is also applicable to gambling just as you have mentioned, because there are people who are involved with trading which is gambling, and there are people who are playing with shitcoins.

For example People who also have the tendency of investing in a short term who are mostly driven by quick profit, also means this individuals are gambling with their investments, when you’re investing outside your discretionary income and means of earnings then that is quite gambling.

I understand what you are saying and agree with you. Only invest what you can afford to lose, a lot of folks misunderstood because it does not really mean you should expecting to lose your money,that only remind the investors not to risk money they will need for daily expenses. Which is actually good, but difference between gambling and investing is how we approach the risk, because once we have long term plan, invest with discretionary income and keep buying consistently by using DCA method that means we are managing the risk instead of chasing quick profit, but once someone invest with money meant for expenses to get rich quickly, that starts to look like gambling. Still bitcoin comes with no guarantee. but using discretionary income and stay patient that gives a stronger position than try to predict the next move.

You are right, investing with money that you can afford to lose doesn’t mean that people should expect that bitcoin will crash one day or that theyre going to lose all their money. It is just a warning that people shouldn’t invest with money meant for house rent, fees school, bill or food stuff.  The difference between investing and gambling is because of the strategy that is being used and the mindset. When you use  your discretionary income to invest little by little with DCA strategy and your plan is to hold for a long term, you’re managing risk with discipline instead of chasing after quick money. Whenever a person uses money meant for urgent need to invest because they believe that they will double it fast, they have start to act like gamblers.

[ejikeme24]

You are right, investing with money that you can afford to lose doesn’t mean that people should expect that bitcoin will crash one day or that theyre going to lose all their money. It is just a warning that people shouldn’t invest with money meant for house rent, fees school, bill or food stuff. 

I completely disagree with your explanation about investing with what you can afford to loss. Of course the reason why we frequently suggest that every person should invest with what they can afford to loss is due to the fact that there's no guarantee if the price of Bitcoin will go up in the future. then again we don't know if Bitcoin will crash one day so these are the reasons why it is advised to invest with what  you can afford to loss. Isn't because of house rent, school fees or bla bla bla, But it's due to these reasons I gave here, there's every possiblity that Bitcoin will crash one day you really can't tell because it's a decentralized digital asset.

[red4slash]

Your sentiment about this is spot on sir. The problem with most of this guys is that they believe 100% that Bitcoin will skyrocket and make a fortune for them in the future, forgetting that nothing is 100% guaranteed in this life, and Bitcoin is not an exception.

The main reason we have high hopes on Bitcoin is because of it rich history and it huge potential, but their is no where it's written in stone that it's going to rise up to a certain level in the future, so investing with our discretionary income, which is a fund we can afford to lose is the ideal thing to do, so that we will not be too affected financially and emotionally if our investment did not later go as expected, so you are right when you said that their is nothing wrong in using the phrase "invest with what you can afford to lose".

We dont have guarantees here but on the one hand we also have a hope for it with what has happened in the past until now.  On the other hand discretionary funds are also not just for investment because even though we have discretionary funds every week or every month, this is still not entirely for us to invest because we also have to divide it first into reserve funds and emergency funds that we must consider so that the rest we can do in investing.

It is not a problem to say invest when you can afford to lose in this case but on the other hand we still have to manage even if it comes from discretionary funds but we must try to stay on the path where we do not spend discretionary funds only for investment because in the end we also need to save some for our reserve funds and emergency funds.

[SmartCharpa]

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.

Of course, it is better to allow people to understand what they are putting their money into. They should understand that it is not an easy way to make money, if you don’t make it clear to some people they will misunderstand Bitcoin as a way of making quick money. It’s better they know from the beginning of the journey, even if they become discouraged because it is better for them to be from the beginning than to hold you responsible for encouraging them to invest in the future.

However, some people nowadays can only have confidence in something if they believe it will benefit them 100% and nothing like that is guaranteed in Bitcoin. The market might turn around tomorrow. So it’s better for everyone to understand its value and avoid chasing quick profits.

Yep.

It can be quite challenging to talk with newbies (no coiners) about bitcoin, since frequently they seem to want that you give them assurances and/or to take responsibility for their decision, and if you tell them that they are responsible for their decision and that they have to figure out how much they are going to put into bitcoin and that they have to figure out how to make sure that they are not investing beyond their discretionary funds and that they are building and maintaining sufficient back of funds and strong cashflow management.

If you say all of those things, then they may well come to an erroneous conclusion that you are not convinced enough about the future success of bitcoin and/or their choice to get involved in bitcoin (if they were to choose to get involved in bitcoin).

And, even your telling them that you are ongoingly buying bitcoin might not even be enough for them to look into the bitcoin matter and to get started buying bitcoin.

Frequently, there is ONLY so much that you can do in your talking about bitcoin, even if you might be trying to help friends and/or relatives to become interested in bitcoin, to look into bitcoin and/or to start to buy bitcoin within their budgetary tolerances.

There are many reasons why a newbie should understand Bitcoin much better before they invest. For example the way things are very difficult in my country, it’s not everyone who has the patience to hold something like Bitcoin for a long time. Some people will not have the patience to withstand the risk of the changes in the market. Some may end up selling due to the fear that the market might not recover.

Before telling anyone about Bitcoin at this point, it is better they understand that it is not a short cut to a success or where to make quick profit within a month. Bitcoin is all about the long term, discipline, consistency, and patience.

Sure, telling some newbies that investing in Bitcoin is a continuous process can discourage some people to continue buying. But after you tell them the risks that involved and the individual choose to take the risk, the rest is up to them because you have told them everything and advised them to buy with the money they can afford.

[Jamestown70]

Your sentiment about this is spot on sir. The problem with most of this guys is that they believe 100% that Bitcoin will skyrocket and make a fortune for them in the future, forgetting that nothing is 100% guaranteed in this life, and Bitcoin is not an exception.

The main reason we have high hopes on Bitcoin is because of it rich history and it huge potential, but their is no where it's written in stone that it's going to rise up to a certain level in the future, so investing with our discretionary income, which is a fund we can afford to lose is the ideal thing to do, so that we will not be too affected financially and emotionally if our investment did not later go as expected, so you are right when you said that their is nothing wrong in using the phrase "invest with what you can afford to lose".

We dont have guarantees here but on the one hand we also have a hope for it with what has happened in the past until now.  On the other hand discretionary funds are also not just for investment because even though we have discretionary funds every week or every month, this is still not entirely for us to invest because we also have to divide it first into reserve funds and emergency funds that we must consider so that the rest we can do in investing.

It is not a problem to say invest when you can afford to lose in this case but on the other hand we still have to manage even if it comes from discretionary funds but we must try to stay on the path where we do not spend discretionary funds only for investment because in the end we also need to save some for our reserve funds and emergency funds.

I agree to what you’ve said, since we’re not certain of how Bitcoin will turn out to be in the future, it’s always advised we make use of our discretionary funds while investing, because investing beyond our discretionary fund in most cases, might lead to us selling at a time that is not of our own choosing.

When it comes to investing with discretionary fund, it doesn’t necessarily mean we should invest with all we are able to come up with as discretionary fund into Bitcoin, because it’s from our discretionary fund we’re able to allocate funds to our investment, emergency fund and reserve funds, in most cases discretionary consumption as well.

[Munaland]

You are right, investing with money that you can afford to lose doesn’t mean that people should expect that bitcoin will crash one day or that theyre going to lose all their money. It is just a warning that people shouldn’t invest with money meant for house rent, fees school, bill or food stuff. 

I completely disagree with your explanation about investing with what you can afford to loss. Of course the reason why we frequently suggest that every person should invest with what they can afford to loss is due to the fact that there's no guarantee if the price of Bitcoin will go up in the future. then again we don't know if Bitcoin will crash one day so these are the reasons why it is advised to invest with what  you can afford to loss. Isn't because of house rent, school fees or bla bla bla, But it's due to these reasons I gave here, there's every possiblity that Bitcoin will crash one day you really can't tell because it's a decentralized digital asset.

Does bitcoin looks like what will crash so soon,if you continue thinking that price of Bitcoin will not goes up in future, you're just making yourself to have a doubt on bitcoin, the price of Bitcoin can go up anytime if the market is fair with bitcoin.

[Baki202]

You are right, investing with money that you can afford to lose doesn’t mean that people should expect that bitcoin will crash one day or that theyre going to lose all their money. It is just a warning that people shouldn’t invest with money meant for house rent, fees school, bill or food stuff.  The difference between investing and gambling is because of the strategy that is being used and the mindset. When you use  your discretionary income to invest little by little with DCA strategy and your plan is to hold for a long term, you’re managing risk with discipline instead of chasing after quick money. Whenever a person uses money meant for urgent need to invest because they believe that they will double it fast, they have start to act like gamblers.

And when it comes to investing I don't think you should even worry about losing your money because no matter how bad it the matter will bounce back the one that should be more concerning about investing what you can afford should be trading because that is like the most complicated because when your money is gone it is gone and a lot of people are investing in coins that don't have any potential so it will be better for anyone to just invest in what they can afford in that situation  because there coins that they have a bigger chance of losing there liquidity.

Just watch what you invest in because you can invest and the next thing your capital is gone so it will be better for you to just invest in a coin that you are familiar with so that you don't lose your money and that is why they will be very nice for you to just invest in Bitcoin and there others that when you invest you don't have anything to worry about your money is going to be secured and that way you don't have to worry about losing anything.

[Biggeno]

You are right, investing with money that you can afford to lose doesn’t mean that people should expect that bitcoin will crash one day or that theyre going to lose all their money. It is just a warning that people shouldn’t invest with money meant for house rent, fees school, bill or food stuff. 

I completely disagree with your explanation about investing with what you can afford to loss. Of course the reason why we frequently suggest that every person should invest with what they can afford to loss is due to the fact that there's no guarantee if the price of Bitcoin will go up in the future. then again we don't know if Bitcoin will crash one day so these are the reasons why it is advised to invest with what  you can afford to loss. Isn't because of house rent, school fees or bla bla bla, But it's due to these reasons I gave here, there's every possiblity that Bitcoin will crash one day you really can't tell because it's a decentralized digital asset.

Does bitcoin looks like what will crash so soon,if you continue thinking that price of Bitcoin will not goes up in future, you're just making yourself to have a doubt on bitcoin, the price of Bitcoin can go up anytime if the market is fair with bitcoin.

What you should understand @Munaland is that bitcoin is a volatile assets that no one has control over, and the best way a guy should approach it as by investing with your discretionary funds. No one knows the next direction bitcoin will go, all we do is speculation and Bitcoin does it thing.

What ejikeme24 is saying is that, despite the track record Bitcoin has and there are potential of it trending to the upside in the feature, profitability is not 100% guaranteed in the future. Bitcoin is a digital asset that we all hope keep moving to the upside, but yet it’s an investment and it’s a risk as well. Despite how minimal the risk is compared to trading and/or gambling, we’re not certain of how gonna turn out tomorrow. So while investing, you’ve to that responsibly if not, you might end selling at loss or at time that is not convenient with you

[Shaponzy]

There are many reasons why a newbie should understand Bitcoin much better before they invest.For example the way things are very difficult in my country, it’s not everyone who has the patience to hold something like Bitcoin for a long time. Some people will not have the patience to withstand the risk of the changes in the market. Some may end up selling due to the fear that the market might not recover.

Before telling anyone about Bitcoin at this point, it is better they understand that it is not a short cut to a success or where to make quick profit within a month. Bitcoin is all about the long term, discipline, consistency, and patience.

Sure, telling some newbies that investing in Bitcoin is a continuous process can discourage some people to continue buying. But after you tell them the risks that involved and the individual choose to take the risk, the rest is up to them because you have told them everything and advised them to buy with the money they can afford.

I do agree that understanding Bitcoin is helpful to some extent. But in my own opinions it doesn't necessary for a newbie to understand everything about bitcoin before investing into it or before getting started. Because waiting for acquiring knowledge may leads them to delays in investment, so its just wasting of time. In facts I do believe in the practical aspect of bitcoin than theories alone, newbies can start buying thier bitcoin with the readily available discretionary income or money they can afford to lose and holding it for a long-term potential growth, then continue learning along the way,because the hands in experience is much more better than spending much time trying to know every details before they get started.

[Grease5000]

There are many reasons why a newbie should understand Bitcoin much better before they invest.For example the way things are very difficult in my country, it’s not everyone who has the patience to hold something like Bitcoin for a long time. Some people will not have the patience to withstand the risk of the changes in the market. Some may end up selling due to the fear that the market might not recover.

Before telling anyone about Bitcoin at this point, it is better they understand that it is not a short cut to a success or where to make quick profit within a month. Bitcoin is all about the long term, discipline, consistency, and patience.

Sure, telling some newbies that investing in Bitcoin is a continuous process can discourage some people to continue buying. But after you tell them the risks that involved and the individual choose to take the risk, the rest is up to them because you have told them everything and advised them to buy with the money they can afford.

I do agree that understanding Bitcoin is helpful to some extent. But in my own opinions it doesn't necessary for a newbie to understand everything about bitcoin before investing into it or before getting started. Because waiting for acquiring knowledge may leads them to delays in investment, so its just wasting of time. In facts I do believe in the practical aspect of bitcoin than theories alone, newbies can start buying thier bitcoin with the readily available discretionary income or money they can afford to lose and holding it for a long-term potential growth, then continue learning along the way,because the hands in experience is much more better than spending much time trying to know every details before they get started.

I think you're giving too much weight to learning before investing. In reality, no one ever knows everything about Bitcoin before starting. Because if they wait until they know everything, they may keep postponing their investment. For me what is  really important  at the beginning is to understand DCA, discretionary income, emergency fund and why patience matters. The rest of the knowledge can come as we continue accumulating. Because learning and investing don't have to happen one after the other investor can equally learn more about bitcoin as he is investing.

[samadam007]

Does bitcoin looks like what will crash so soon,if you continue thinking that price of Bitcoin will not goes up in future, you're just making yourself to have a doubt on bitcoin, the price of Bitcoin can go up anytime if the market is fair with bitcoin.

If you're so confident that Bitcoin will go up, maybe you should give us date or what do you think ? Myself and everyone on this forum would love to know so we can prepare for it. If you can’t, why are you saying it as if you’re the one controlling the market? If was that easy to then everyone would be rich. You should spend more time researching instead of coming here to drop your personal opinion base on assumptions

Doubting don’t mean one does not believe in BTC potential. It mean they understand no one can predict with certainty. Smart investors know this!
And what do you mean "if the market is fair with Bitcoin". FYI, Markets dont move based on fairness or unfairness….they move because of its supply, demand, liquidity and other factor

[Proty]

There are many reasons why a newbie should understand Bitcoin much better before they invest.For example the way things are very difficult in my country, it’s not everyone who has the patience to hold something like Bitcoin for a long time. Some people will not have the patience to withstand the risk of the changes in the market. Some may end up selling due to the fear that the market might not recover.

Before telling anyone about Bitcoin at this point, it is better they understand that it is not a short cut to a success or where to make quick profit within a month. Bitcoin is all about the long term, discipline, consistency, and patience.

Sure, telling some newbies that investing in Bitcoin is a continuous process can discourage some people to continue buying. But after you tell them the risks that involved and the individual choose to take the risk, the rest is up to them because you have told them everything and advised them to buy with the money they can afford.

I do agree that understanding Bitcoin is helpful to some extent. But in my own opinions it doesn't necessary for a newbie to understand everything about bitcoin before investing into it or before getting started. Because waiting for acquiring knowledge may leads them to delays in investment, so its just wasting of time. In facts I do believe in the practical aspect of bitcoin than theories alone, newbies can start buying thier bitcoin with the readily available discretionary income or money they can afford to lose and holding it for a long-term potential growth, then continue learning along the way,because the hands in experience is much more better than spending much time trying to know every details before they get started.

I think you're giving too much weight to learning before investing. In reality, no one ever knows everything about Bitcoin before starting. Because if they wait until they know everything, they may keep postponing their investment. For me what is  really important  at the beginning is to understand DCA, discretionary income, emergency fund and why patience matters. The rest of the knowledge can come as we continue accumulating. Because learning and investing don't have to happen one after the other investor can equally learn more about bitcoin as he is investing.

As longer as you can be able to figure out if you have discretionary income to invest in bitcoin then you are good to start investing in bitcoin. This is the basic knowledge that a newbie needs to start there investment and not necessarily knowing everything about bitcoin investment before they can think of starting to invest in bitcoin. I believe as Newbies continue with there bitcoin investment, they will come to a point that they will get to understand more about bitcoin investment. Therefore as long as a newbie has the basics knowledge of being able to figure out there discretionary income they can start with their bitcoin investment.

[Jody.Drummer]

I do agree that understanding Bitcoin is helpful to some extent. But in my own opinions it doesn't necessary for a newbie to understand everything about bitcoin before investing into it or before getting started. Because waiting for acquiring knowledge may leads them to delays in investment, so its just wasting of time. In facts I do believe in the practical aspect of bitcoin than theories alone, newbies can start buying thier bitcoin with the readily available discretionary income or money they can afford to lose and holding it for a long-term potential growth, then continue learning along the way,because the hands in experience is much more better than spending much time trying to know every details before they get started.

I think you're giving too much weight to learning before investing. In reality, no one ever knows everything about Bitcoin before starting. Because if they wait until they know everything, they may keep postponing their investment. For me what is  really important  at the beginning is to understand DCA, discretionary income, emergency fund and why patience matters. The rest of the knowledge can come as we continue accumulating. Because learning and investing don't have to happen one after the other investor can equally learn more about bitcoin as he is investing.

Watch your step, because I don't think @Shaponzy emphasizes the importance of learning before investing. He says "it is not necessary for beginners to understand everything about Bitcoin before investing or before starting.". I think this assumption is correct, and with you affirming assumptions that seem to be contradictory while the explanation you convey is not much different from what is conveyed by @Shaponzy, so you are accomplishing the same point but with a different sentence parsing the point is income or money available and they can afford to lose to invest. And the important thing at the beginning is to understand not with a strategy but understand your own cash flow And proper money management.

[G_Besar]

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Does bitcoin looks like what will crash so soon,if you continue thinking that price of Bitcoin will not goes up in future, you're just making yourself to have a doubt on bitcoin, the price of Bitcoin can go up anytime if the market is fair with bitcoin.

The market's attitude toward Bitcoin is always fair because it's based on the buying and selling rates of Bitcoin within the market, so the price reaction varies from day to day. And yes, for some people who still think that Bitcoin will struggle to rise again, it's best to dispel that notion, as Bitcoin has consistently experienced significant increases in its price cycles, which occur every four years. And even during those times, some people forget that Bitcoin's price can also correct. So, don't just focus on one thing when it comes to Bitcoin, because everyone can clearly see the history of Bitcoin in the market. This is proof that Bitcoin can still recover after a price drop in the market at certain moments.

[BluebloodCXVI]

The market's attitude toward Bitcoin is always fair because it's based on the buying and selling rates of Bitcoin within the market, so the price reaction varies from day to day. And yes, for some people who still think that Bitcoin will struggle to rise again, it's best to dispel that notion, as Bitcoin has consistently experienced significant increases in its price cycles, which occur every four years. And even during those times, some people forget that Bitcoin's price can also correct. So, don't just focus on one thing when it comes to Bitcoin, because everyone can clearly see the history of Bitcoin in the market. This is proof that Bitcoin can still recover after a price drop in the market at certain moments.

I think we should be careful not to be treating the four year cycle as if it is a guarantee of more recent market outcomes. The fact that it has happened several times in the past doesn’t mean it must happen again the same way

Of course every market cycle has unfolded under different conditions over the years, but while history can be able to give us a perspective of what might happen in the market, but it shouldn’t be the basis for certainty.

Perhaps investing with the understanding of bitcoin fundamentals and having a long term outlook is a more better approach than trying to rely on historical patterns before making investments decisions. That way even if the market behaves differently one day, you’re gonna be less likely to be caught off guard.

[ZeroVinsonN]

Does bitcoin looks like what will crash so soon,if you continue thinking that price of Bitcoin will not goes up in future, you're just making yourself to have a doubt on bitcoin, the price of Bitcoin can go up anytime if the market is fair with bitcoin.

If you're so confident that Bitcoin will go up, maybe you should give us date or what do you think ? Myself and everyone on this forum would love to know so we can prepare for it. If you can’t, why are you saying it as if you’re the one controlling the market? If was that easy to then everyone would be rich. You should spend more time researching instead of coming here to drop your personal opinion base on assumptions

Doubting don’t mean one does not believe in BTC potential. It mean they understand no one can predict with certainty. Smart investors know this!
And what do you mean "if the market is fair with Bitcoin". FYI, Markets dont move based on fairness or unfairness….they move because of its supply, demand, liquidity and other factor

I believe that the meaning of doubt is actually very clear to people, no bitcoin investor will doubt bitcoin, they simply know that even though they are buying bitcoin and holding success is still not guaranteed, that's not doubt, we are hoping for the price to go higher while keeping in mind that things can still happen I. The least expected way.
Why do you think we invest with our discretionary income? It's because we know that bitcoin investment doesn't guarantee success so we invest with what we can afford to lose, it's not because we want to lose but because we know that it is still a possibility.

[Different patterns]

[edited out]

You are right @bluebloodcxvI  that every investor has different goals, because there is no single holding period that fits everyone. But I also think Bitcoin should not be treated like a short term savings account for planned expenses such as buying a house in a few years.
For me I see bitcoin as a long.term asset or store of value and whether someone hold for  5, 10, or 20 years, the real idea should be to invest only with discretionary income so you don't have to sell because of a planned expense or during . Though at times the timeline may differ, but the long term mindset remain the same.

I understand if we are talking about other people it might not be easy to figure out their timeline, yet if we are talking about ourselves, we should be able to identify some specifics in our timeline, and sure, maybe our timeline is not exact since it might also depend where we are at in those specific points along the way, and we also could end up reassessing at various points along the way too.

I agree with you, that’s just the truth, because it will hard to accurately estimate somebody else’s timeline because we don’t really know their financial situation “not to mention” how much their are going to invest. But within our self we can have a rough plan base on how much we can consistently invest or base on our income. Furthermore, Of course plan can change, because we may earn more funds, but still face unexpected expenses. but that doesn’t mean we should give up on our goal, it better we adjust our timeline and keeping moving forward.

But for me, the important thing that matter is not to reaching a goal by specific date, but to focus and staying consistent with money we can afford to invest and continue with DCA strategy, we will keep building our bitcoin position over time even if it take us longer than we expected.

[johnsaributua]

As longer as you can be able to figure out if you have discretionary income to invest in bitcoin then you are good to start investing in bitcoin. This is the basic knowledge that a newbie needs to start there investment and not necessarily knowing everything about bitcoin investment before they can think of starting to invest in bitcoin. I believe as Newbies continue with there bitcoin investment, they will come to a point that they will get to understand more about bitcoin investment. Therefore as long as a newbie has the basics knowledge of being able to figure out there discretionary income they can start with their bitcoin investment.

That's right because it's an important part to avoid things that we don't want to experience regarding the risks of investing in Bitcoin and this is also because if we don't check our disposable income, we will have difficulty investing because we force ourselves to invest while the basic needs are not sufficient so that in the end, the investment we make, even though the investment pattern we do is long-term, the results will be difficult for us to get because in the middle of the road, the investment will be hampered because we have to do it for our needs first while our income has been fully used for investment and the investment we make is not with discretionary funds, so it is difficult to grow.

[Big Dirams]

There are many reasons why a newbie should understand Bitcoin much better before they invest.

It surely looks like you are getting this whole scenario wrong. No need for us as a new investors wasting into learning things about bitcoin or understanding much about bitcoin before we can start our investment in it, with just little basic of how bitcoin works we can begin our investment.
The only important thing which can be as an obstacle to our investment journey is the discretionary income, when availability of discretionary income isn’t found then we can shift our journey but as soon as we grab our discretionary income we can proceed with our journey and build our bitcoin knowledge and also emergency funds and many more adjectives which are necessary.
But we sitting around hoping to understand bitcoin more before investing isn’t welcome at all not here in this thread.

I completely disagree with your explanation about investing with what you can afford to loss. Of course the reason why we frequently suggest that every person should invest with what they can afford to loss is due to the fact that there's no guarantee if the price of Bitcoin will go up in the future. then again we don't know if Bitcoin will crash one day so these are the reasons why it is advised to invest with what  you can afford to loss. Isn't because of house rent, school fees or bla bla bla, But it's due to these reasons I gave here, there's every possiblity that Bitcoin will crash one day you really can't tell because it's a decentralized digital asset.

It’s always advisable to invest with what we can afford to loss because the market isn’t guaranteed at all and bitcoin future movements can’t be predicted so we risk what we can afford to loss and on the other end it is say to go into bitcoin investment with our discretionary because our discretionary income is the money left after taking care of our needs so we can invest with it even if not all but it the best funds for investment.

 The goal for bitcoin investment is future so investing with discretionary income gives us the advantages not to feel the pressure of selling off our holdings over some necessities which we have already taken care of. With discretionary income we don’t have any necessities which haven’t been taken care of so we invest with calm mindset and no pressure at all. So we shouldn’t have any excuse to sell off our holdings but instead we hold for future.