JJG’s Outline of Bitcoin Investment Ideas

[Princess Leah]

I don't see much difference, they are both not holders yet so they are birds of the same feathers missing out on opportunities. This should be enough reason to know that learning to understand everything before investing is totally pointless, yes knowledge is good and useful but delaying investing is wrong and it makes the whole idea of learning first wrong.

Nothing is as valuable as owning a Bitcoin, even the knowledge you seek is useless without owning a Bitcoin so what's the point. Investing should always be top priority for every new investor since you can learn anytime you want.

That's true, what's the need of having knowledge when it's not being useful, instead of missing out on opportunities and end up being in the same category as someone without any knowledge it's better to put the little knowledge to good use by investing as well as gaining more knowledge on the process, before such person would  learn more to an extent, something fair enough would been in the person's wallet, which is better than having no Bitcoin but procrastinating.

 Regret is the result of spending time learning without buying cause Bitcoin might have gone higher when the person is finally ready or fully convinced about buying.

[ChocolateBitcoinK]

I personally agree with all you mentioned. All you said is very important aspect of investment. but a lot of people these days overlook it as having a goal is not enough, and one thing about investment is that two people can invest the same amount of money into investments for the same year, count the number of years spend in investment together and still end up with something different.  “different results” just because their decision alone the way are completely different. I also believe that successful investing is all about build what you can stick with, at least you have plans where you are heading to, because opportunities will come and move forward. At times the best advantage for investors is to being able to stay consistent and always avoid bad decisions.

Successful Investment is not about building what you can stick with but rather it is about creating an atmosphere that will be convenient for someone ( sorting out your discretionary income, using an amount that will be convenient and also having an emergency funds). If an investor is unable to sort out their discretionary income then it becomes impossible to be successful because the investment will go wrong because obviously there won't be emergency funds to solve any challenge that will arise.

The foundation of successful investing is creating a financial structure within which it is possible to keep that investment for a long time. If an investor cannot determine his discretionary income correctly. Then the money he is using for investment may actually be needed in the future. As a result, there is pressure to sell that investment in case of a major fall in the market / to meet daily expenses or sudden emergencies. This situation is even riskier in the case of volatile assets like Bitcoin.

Not everyone's financial situation is the same. Someone's emergency fund may be small or may be built up slowly. The investment amount should not be such that it can be used to meet the basic needs of life in a short time. Determining discretionary income, fixing the investment amount accordingly and keeping an emergency fund if possible makes long-term investments sustainable. This means that even if the market is bad, the investor does not have to panic or be forced to sell his portfolio.

[Tonimez]

I personally agree with all you mentioned. All you said is very important aspect of investment. but a lot of people these days overlook it as having a goal is not enough, and one thing about investment is that two people can invest the same amount of money into investments for the same year, count the number of years spend in investment together and still end up with something different.  “different results” just because their decision alone the way are completely different. I also believe that successful investing is all about build what you can stick with, at least you have plans where you are heading to, because opportunities will come and move forward. At times the best advantage for investors is to being able to stay consistent and always avoid bad decisions.

Successful Investment is not about building what you can stick with but rather it is about creating an atmosphere that will be convenient for someone ( sorting out your discretionary income, using an amount that will be convenient and also having an emergency funds). If an investor is unable to sort out their discretionary income then it becomes impossible to be successful because the investment will go wrong because obviously there won't be emergency funds to solve any challenge that will arise.

The foundation of successful investing is creating a financial structure within which it is possible to keep that investment for a long time. If an investor cannot determine his discretionary income correctly. Then the money he is using for investment may actually be needed in the future. As a result, there is pressure to sell that investment in case of a major fall in the market / to meet daily expenses or sudden emergencies. This situation is even riskier in the case of volatile assets like Bitcoin.

Not everyone's financial situation is the same. Someone's emergency fund may be small or may be built up slowly. The investment amount should not be such that it can be used to meet the basic needs of life in a short time. Determining discretionary income, fixing the investment amount accordingly and keeping an emergency fund if possible makes long-term investments sustainable. This means that even if the market is bad, the investor does not have to panic or be forced to sell his portfolio.

Yeah, proper planning is usually very important in maintaining a sustainable portfolio in bitcoin investment. A good bitcoin investor would have planned for emergencies or at least figured the amount to be adding to his emergency funds simultaneously as he goes in his bitcoin investment. There's no point starting bitcoin investment without planning how to safeguard it from panic selling and effect of financial crisis. I agree with you that everyone's financial capacity is not the same and everyone has to plan accordingly.

Just as everyone's financial capacity is not the same and discretionary income varies too, same way someone's emergency funds varies from one person to another and it's the same as saying that the rich investors have larger emergency funds than the poor just like they have larger investments in bitcoin. There's no no figure for both your bitcoin investment by DCA or the appropriate emergency funds to save, it all depends on your financial capacity at all time.

[oll]

Successful Investment is not about building what you can stick with but rather it is about creating an atmosphere that will be convenient for someone ( sorting out your discretionary income, using an amount that will be convenient and also having an emergency funds). If an investor is unable to sort out their discretionary income then it becomes impossible to be successful because the investment will go wrong because obviously there won't be emergency funds to solve any challenge that will arise.

That’s true, but it’s only the initial foundation. After all, we need to go further in this process, because for a potentially good investor, simply allocating a convenient amount isn’t enough. The most important thing is to understand your own psychology and the stage you’re at - I mean, whether you’re in the accumulation phase or the maintenance phase. This is what determines whether you can withstand a 70 % price drop. The foundation is precisely discipline and a completely clear plan, and that’s more important than comfort. But without understanding your strategy, even large investments won’t save an investor from panic‑selling at the bottom of the price.

[Showlove01]

Trying to understand everything perfect before starting Bitcoin investment is just a bit different from someone who haven't started learning because both are not holding any Bitcoin. Somehow, someone who haven't started learning can kick start investing why those trying perfect learning that is not necessary and possible are still learning. Just like the science students, learning theories without doing practicals, going to the laboratories will be like going to a strange place, so the best is while the theories are on going the practicals also gets started. In Bitcoin investment, that means getting the basics and then keep learning while on the go accumulating.

These two categories of people you mentioned are only the same because they have not started accumulating yet but there is a huge difference because the folks that want to learn has made a move to start and the process has started already than someone who have not said anything about the investment. Even though it is practically impossible to learn everything about..., the person who want to learn will at least have some knowledge and understanding than someone who don't have a plan and if invest like you said they will be making the greatest mistake because they don't even know the least fundamentals ( basics).

[SmartCharpa]

Yes having multiple streams of income definitely makes it easier to invest in bitcoin but if you’re not able to afford that you can be very careful in your financial management and ensure you have the required backups available and invest only what you can afford to lose. Investing from your discretionary income gives you a certain level of control and flexibility.

Succeeding in bitcoin investment doesn’t just depend on the knowledge of the investor but in the application of that knowledge; what strategies are you practicing, how are you managing your finances, how you are securing your wallet etc.

Having multiple sources of income doesn’t guarantee success in Bitcoin investment. You may have more than one source of income but still find it difficult to manage your finances. Even a guy without a stable income can succeed in Bitcoin, if you know what to invest. You don’t need to invest outside your discretionary income. In some cases, you can just reduce your expenses im order to avoid taking unnecessary risks.

Moreover, having more than one source of income gives you more peace of mind. Since Bitcoin involves risks, even if the market doesn’t no go the way we expect tomorrow, you already know that you didn’t rely on your investment as a source of income. Some people do this, thinking that bitcoin will change their lives, but they all got it wrong.

[Rockstarguy]

Patience and discipline are really important for Bitcoin investing, and knowledge is involved with these things. Because I think patience will also work when you understand why you are waiting, what you are taking a risk on, what money you are investing with. By knowledge, I do not mean complex technology, code, mining or the whole economy. When a new person has discretionary income, he will start without hesitation. In my opinion, knowledge for a new investor means knowing that the price of Bitcoin will fluctuate, understanding that quick profits from Bitcoin are not guaranteed, investing within your means. I think these can be called basic knowledge.

Knowledge is the main thing, and where there is no knowledge, it is impossible to have patience in Bitcoin. Even with the knowledge one has acquired, people still have high expectations of Bitcoin and the patience issue is still there despite the understanding one already has, which makes some people feel like giving up. Knowledge is important; it encourages investors to exercise patience even if they might have some doubts about the market.

The benefit of having knowledge in Bitcoin investment is that it helps investors understand what they are getting into and not just invest blindly in ignorance, tying their luck to make money by all means.

[Son Of Blockchain (SOB)]

Knowledge is the main thing, and where there is no knowledge, it is impossible to have patience in Bitcoin. Even with the knowledge one has acquired, people still have high expectations of Bitcoin and the patience issue is still there despite the understanding one already has, which makes some people feel like giving up. Knowledge is important; it encourages investors to exercise patience even if they might have some doubts about the market.

The benefit of having knowledge in Bitcoin investment is that it helps investors understand what they are getting into and not just invest blindly in ignorance, tying their luck to make money by all means.

That's true, if people don't know that Bitcoin is a long term asset or that they need conviction to achieve long term, I don't think they'll go into it with the idea of having patience, but going for quick profits. That's why having knowledge about it is important although too much time shouldn't be wasted in gaining knowledge before investing.
 If some put their money into something they don't know or understand they'll end up failing. For instance if s student doesn't study but go into an examination to meet questions that the person has to knowledge of, the student would end up failing that examination.

[Rockson1]

Knowledge is the main thing, and where there is no knowledge, it is impossible to have patience in Bitcoin. Even with the knowledge one has acquired, people still have high expectations of Bitcoin and the patience issue is still there despite the understanding one already has, which makes some people feel like giving up. Knowledge is important; it encourages investors to exercise patience even if they might have some doubts about the market.

The benefit of having knowledge in Bitcoin investment is that it helps investors understand what they are getting into and not just invest blindly in ignorance, tying their luck to make money by all means.

I won't rule out the fact about knowledge and how important it is when it comes to Bitcoin investment, but it grows, it doesn't have to acquire once, we have through the process which is a practical hope you understand what i mean, although their are investors that understands how everything work but still panic perhaps because they weren't following the rules and how to invest right, I agree that knowledge is the key to a successful Bitcoin investment journey.

I think at some point make you see reasons why you are investing, at a time of downs, it reminds you that, those are things you see in the market and should not weigh you down, rather it should be an opportunity for you, to increase your portfolio.

[Cleanshit]

I won't rule out the fact about knowledge and how important it is when it comes to Bitcoin investment, but it grows, it doesn't have to acquire once, we have through the process which is a practical hope you understand what i mean, although their are investors that understands how everything work but still panic perhaps because they weren't following the rules and how to invest right, I agree that knowledge is the key to a successful Bitcoin investment journey.

I think at some point make you see reasons why you are investing, at a time of downs, it reminds you that, those are things you see in the market and should not weigh you down, rather it should be an opportunity for you, to increase your portfolio.

Yea knowledge do grows as we continue in the journey but when it comes to Bitcoin knowledge alone is not enough to be a successful bitcoin investor. You can understand Bitcoin so much and still go panicking when market drops. This are where having a clear plan and a proper risk management become important. You can only stay calm if only you know how much you can afford to invest and also why you invested it. This will help to stay calm during a difficult market conditions, as we journey in investing learning also continues.

[Abbatty]

I won't rule out the fact about knowledge and how important it is when it comes to Bitcoin investment, but it grows, it doesn't have to acquire once, we have through the process which is a practical hope you understand what i mean, although their are investors that understands how everything work but still panic perhaps because they weren't following the rules and how to invest right, I agree that knowledge is the key to a successful Bitcoin investment journey.

I think at some point make you see reasons why you are investing, at a time of downs, it reminds you that, those are things you see in the market and should not weigh you down, rather it should be an opportunity for you, to increase your portfolio.

Yea knowledge do grows as we continue in the journey but when it comes to Bitcoin knowledge alone is not enough to be a successful bitcoin investor. You can understand Bitcoin so much and still go panicking when market drops. This are where having a clear plan and a proper risk management become important. You can only stay calm if only you know how much you can afford to invest and also why you invested it. This will help to stay calm during a difficult market conditions, as we journey in investing learning also continues.

What do you mean knowledge is not enough. You can’t have knowledge and still panic when it comes to bitcoin investment. When you have the knowledge, then you will know that base on history there is always a bounce back after every Dip, so you have no reason to panic. Also, when you have knowledge, you already know that your need to build your emergency funds and reserves funds to help protect your investment.

So with knowledge you are very guided in bitcoin investing. The only thing is you should never because you want to acquire knowledge delay your investment. Invest as soon as you can, and keep acquiring knowledge in the process.

[BluebloodCXVI]

I won't rule out the fact about knowledge and how important it is when it comes to Bitcoin investment, but it grows, it doesn't have to acquire once, we have through the process which is a practical hope you understand what i mean, although their are investors that understands how everything work but still panic perhaps because they weren't following the rules and how to invest right, I agree that knowledge is the key to a successful Bitcoin investment journey.

I think at some point make you see reasons why you are investing, at a time of downs, it reminds you that, those are things you see in the market and should not weigh you down, rather it should be an opportunity for you, to increase your portfolio.

Yea knowledge do grows as we continue in the journey but when it comes to Bitcoin knowledge alone is not enough to be a successful bitcoin investor. You can understand Bitcoin so much and still go panicking when market drops. This are where having a clear plan and a proper risk management become important. You can only stay calm if only you know how much you can afford to invest and also why you invested it. This will help to stay calm during a difficult market conditions, as we journey in investing learning also continues.

What do you mean knowledge is not enough. You can’t have knowledge and still panic when it comes to bitcoin investment. When you have the knowledge, then you will know that base on history there is always a bounce back after every Dip, so you have no reason to panic. Also, when you have knowledge, you already know that your need to build your emergency funds and reserves funds to help protect your investment.

So with knowledge you are very guided in bitcoin investing. The only thing is you should never because you want to acquire knowledge delay your investment. Invest as soon as you can, and keep acquiring knowledge in the process.

Don’t get it twisted my bro, having knowledge about bitcoin can only serve as a guide to an investor to use in navigating the bitcoin market but it is not a guarantee that the person in question will be emotionally disciplined just because they have that knowledge; you can be knowledgeable but reckless, it happens.

And yeah you’re certainly right about the historical performances of bitcoin in the past and how it has always bounced back, that’s just one aspect. But actually watching your investment lose 30-50% of it’s value right before your eyes is another thing entirely; we humans, our emotions don’t usually respond logically to information all the time.

[Charcol]

Yes having multiple streams of income definitely makes it easier to invest in bitcoin but if you’re not able to afford that you can be very careful in your financial management and ensure you have the required backups available and invest only what you can afford to lose. Investing from your discretionary income gives you a certain level of control and flexibility.

Succeeding in bitcoin investment doesn’t just depend on the knowledge of the investor but in the application of that knowledge; what strategies are you practicing, how are you managing your finances, how you are securing your wallet etc.

Having multiple sources of income doesn’t guarantee success in Bitcoin investment. You may have more than one source of income but still find it difficult to manage your finances. Even a guy without a stable income can succeed in Bitcoin, if you know what to invest. You don’t need to invest outside your discretionary income. In some cases, you can just reduce your expenses im order to avoid taking unnecessary risks.

Moreover, having more than one source of income gives you more peace of mind. Since Bitcoin involves risks, even if the market doesn’t no go the way we expect tomorrow, you already know that you didn’t rely on your investment as a source of income. Some people do this, thinking that bitcoin will change their lives, but they all got it wrong.

Yes, you are right. Having multiple incomes does not guarantee success in Bitcoin investment. The main thing is how well the person manages his money. Some people may have high incomes, but at the same time their list of expenses may be quite large. Even if a person has high income, if their financial planning is not correct, it can be difficult to maintain the investment in the long term. A good investment does not mean that the person has high income. Rather, if a person has low income and can create a system where he can stick to his plan even during difficult market times, then his investment may be the best.

The main thing in Bitcoin is not that you can earn more. Rather, the main thing is how long you can maintain your investment.

[Princess Leah]

Don’t get it twisted my bro, having knowledge about bitcoin can only serve as a guide to an investor to use in navigating the bitcoin market but it is not a guarantee that the person in question will be emotionally disciplined just because they have that knowledge; you can be knowledgeable but reckless, it happens.

And yeah you’re certainly right about the historical performances of bitcoin in the past and how it has always bounced back, that’s just one aspect. But actually watching your investment lose 30-50% of it’s value right before your eyes is another thing entirely; we humans, our emotions don’t usually respond logically to information all the time.

You're right, the knowledge of Bitcoin doesn't guarantee discipline, cause someone might still know the right thing to do but lose concentration out of greed or other distractions and do the wrong thing. Discipline is something that people can self impact on themselves. It's a character that people should make a habit if they want to progress in Bitcoin investment.

 That's why a good understanding about Bitcoin is needed no just knowledge alone cause if some truely understand the nature of Bitcoin then the person won't be easily affected by emotions whenever the market drops cause the person would understand what volatility is all about and how it contributes to the growth of Bitcoin anf benefits long term holders.

[GeorgeJohn]

<..>

Yea knowledge do grows as we continue in the journey but when it comes to Bitcoin knowledge alone is not enough to be a successful bitcoin investor.

If knowledge alone is not enough to be successful in bitcoin investment, what else is required to be successful in bitcoin investment...I want you to know that knowledge is exceptional and also fundamental to human prosperity and progress,  so without knowledge you can't be successful...

You can understand Bitcoin so much and still go panicking when market drops.

That means the investors have not understood bitcoin...Investors who understand bitcoin will be relaxed when the price of Bitcoin drops, but investor who doesn't understand bitcoin very well, will be the one to panic if bitcoin price drop, due to is afraid of losing what it invested...

[Queen uloma]

I don't see much difference, they are both not holders yet so they are birds of the same feathers missing out on opportunities. This should be enough reason to know that learning to understand everything before investing is totally pointless, yes knowledge is good and useful but delaying investing is wrong and it makes the whole idea of learning first wrong.

Nothing is as valuable as owning a Bitcoin, even the knowledge you seek is useless without owning a Bitcoin so what's the point. Investing should always be top priority for every new investor since you can learn anytime you want.

That's true, what's the need of having knowledge when it's not being useful, instead of missing out on opportunities and end up being in the same category as someone without any knowledge it's better to put the little knowledge to good use by investing as well as gaining more knowledge on the process, before such person would  learn more to an extent, something fair enough would been in the person's wallet, which is better than having no Bitcoin but procrastinating.

 Regret is the result of spending time learning without buying cause Bitcoin might have gone higher when the person is finally ready or fully convinced about buying.

You’re very correct, knowledge doesn’t have any value if a person isn’t putting it into action. If you don’t understand the basic things about bitcoin, you can actually start with a little amount that you can afford, while you’re still learning you’re still improving your knowledge.

It’s not a must that you must know everything about bitcoin before you can start investing. Most times waiting for long before you can start can make you lose a very good opportunity, because bitcoin price can rise  while you’re still procrastinating. The best approach is to start small, get more experience and continue learning.

[GIF-JOBS]

I won't rule out the fact about knowledge and how important it is when it comes to Bitcoin investment, but it grows, it doesn't have to acquire once, we have through the process which is a practical hope you understand what i mean, although their are investors that understands how everything work but still panic perhaps because they weren't following the rules and how to invest right, I agree that knowledge is the key to a successful Bitcoin investment journey.

I think at some point make you see reasons why you are investing, at a time of downs, it reminds you that, those are things you see in the market and should not weigh you down, rather it should be an opportunity for you, to increase your portfolio.

Yea knowledge do grows as we continue in the journey but when it comes to Bitcoin knowledge alone is not enough to be a successful bitcoin investor. You can understand Bitcoin so much and still go panicking when market drops. This are where having a clear plan and a proper risk management become important. You can only stay calm if only you know how much you can afford to invest and also why you invested it. This will help to stay calm during a difficult market conditions, as we journey in investing learning also continues.

It is very important to keep an eye on your own ability, because when the investment is beyond your ability, even a slight market volatility can seem like a big danger to you. And therefore, to maintain the stability of the investment, you should definitely invest by keeping an eye on the ability.
Moreover, there is no bigger problem than this. If you start investing by gaining general knowledge, then over time you will understand more about Bitcoin, and at the same time, you can build better confidence in Bitcoin.
And we must always be realistic, because Bitcoin is not necessarily a way to make short-term gains, and therefore we must maintain the investment accordingly to keep us here for the long term. And it is also necessary to be careful about emergency funds for safety.

[G_Besar]

Yea knowledge do grows as we continue in the journey but when it comes to Bitcoin knowledge alone is not enough to be a successful bitcoin investor. You can understand Bitcoin so much and still go panicking when market drops. This are where having a clear plan and a proper risk management become important. You can only stay calm if only you know how much you can afford to invest and also why you invested it. This will help to stay calm during a difficult market conditions, as we journey in investing learning also continues.

Anyone who wants to become an investor, prioritizing buying Bitcoin, should be able to rest easy. Besides directly searching for information about Bitcoin online, there are also many ways to learn directly through the internet and from those around them who are already investors. Whether they're Bitcoin investors or others, at least those who aspire to become investors will continue to absorb knowledge they don't yet know so they can use it comfortably when they use their initial capital to start investing.

So, for now, it's clear that finding investment knowledge and new methods, which some may have already implemented, is no longer difficult. What still seems elusive is consistency in purchasing Bitcoin regularly and discipline in managing expenses to increase investment capital each month. I think that's the only thing that might still seem difficult for some, but implementing it is clearly not complicated as long as the desire is strong enough.

[Nwaswago]

I won't rule out the fact about knowledge and how important it is when it comes to Bitcoin investment, but it grows, it doesn't have to acquire once, we have through the process which is a practical hope you understand what i mean, although their are investors that understands how everything work but still panic perhaps because they weren't following the rules and how to invest right, I agree that knowledge is the key to a successful Bitcoin investment journey.

I think at some point make you see reasons why you are investing, at a time of downs, it reminds you that, those are things you see in the market and should not weigh you down, rather it should be an opportunity for you, to increase your portfolio.

Yea knowledge do grows as we continue in the journey but when it comes to Bitcoin knowledge alone is not enough to be a successful bitcoin investor. You can understand Bitcoin so much and still go panicking when market drops. This are where having a clear plan and a proper risk management become important. You can only stay calm if only you know how much you can afford to invest and also why you invested it. This will help to stay calm during a difficult market conditions, as we journey in investing learning also continues.

Knowledge may tell us what Bitcoin is and why the market moves, but discipline determines how we behave when things don't go according to plan. Even a well-informed investor can make poor decisions when fear or greed takes over.
That’s why I’d put it this way, knowledge builds confidence, but risk management protects the investor. Have a clear reason for investing, set limits before emotions take over, and stay consistent rather than reacting to every market move. The goal isn't to predict every dip,it’s to have a strategy you can stick with when the dip comes.

[Muba20]

I don't see much difference, they are both not holders yet so they are birds of the same feathers missing out on opportunities. This should be enough reason to know that learning to understand everything before investing is totally pointless, yes knowledge is good and useful but delaying investing is wrong and it makes the whole idea of learning first wrong.

Nothing is as valuable as owning a Bitcoin, even the knowledge you seek is useless without owning a Bitcoin so what's the point. Investing should always be top priority for every new investor since you can learn anytime you want.

That's true, what's the need of having knowledge when it's not being useful, instead of missing out on opportunities and end up being in the same category as someone without any knowledge it's better to put the little knowledge to good use by investing as well as gaining more knowledge on the process, before such person would  learn more to an extent, something fair enough would been in the person's wallet, which is better than having no Bitcoin but procrastinating.

 Regret is the result of spending time learning without buying cause Bitcoin might have gone higher when the person is finally ready or fully convinced about buying.

Waiting indefinitely just for the sake of learning can certainly be a bad decision. It even loses the opportunity to learn from real-world experience. At the same time, there is a thing called balance. Because everyone's situation is not the same. Some may start by understanding the necessary basics, while others may need to fix their financial situation first.

I will agree with you that learning about Bitcoin may be important, but that does not mean that a new investor has to start by learning everything at the beginning. Because this can waste unnecessary time and slow down their savings journey. Even if you spend years and years learning everything about Bitcoin, the knowledge gained may not be complete. What you need to understand at the beginning is that investing with discretionary income, excluding necessary expenses, knowing about the risks of Bitcoin, Bitcoin does not make anyone rich overnight, long-term goals and understanding your own capabilities should be the first step. After knowing this, the person can decide for himself later.