JJG’s Outline of Bitcoin Investment Ideas

[Wash Skin]

In a situation whereby someone has very little/no discretionary income. It is not about waiting after some time to gather more money, because that’s only temporary solution. Remember the amount has to be sustainable over time and you don’t want to get stranded again after some time. The best thing is to take a look at his cashflow if there’s a way to reduce or cut off unecessary expenses. Another option is for him to look for ways to multiply his earnings so discretionary becomes reasonable enough to invest in bitcoin and build financial cushion.

The stronger you can make yourself financially, the more weight you can keep, in every case you need to make yourself more successful financially. You need to keep your discretionary income where you can invest Bitcoin regularly weekly or monthly and you can build an emergency fund to sustain it for a long time.
That is why it is important to meet your financial needs, let's see how much you can adapt yourself by following the strategy in this current situation, that is why it is most important to maintain your Bitcoin investment. So in this current situation, you should store your Bitcoin properly and spend the future days risk-free.

[laijsica]

In a situation whereby someone has very little/no discretionary income. It is not about waiting after some time to gather more money, because that’s only temporary solution. Remember the amount has to be sustainable over time and you don’t want to get stranded again after some time. The best thing is to take a look at his cashflow if there’s a way to reduce or cut off unecessary expenses. Another option is for him to look for ways to multiply his earnings so discretionary becomes reasonable enough to invest in bitcoin and build financial cushion.

If the discretionary income is little I think there is no problem since we have the DCA which can help someone accumulate gradually regardless of how big or small one's discretionary income is, so this should not stop someone from investing in Bitcoin but if there is no discretionary income at all then I guess the person should work on their source of income and forget about Bitcoin investment for that particular time so they don't put pressure on themselves.

The advice we provide for investors, if they can carefully consider these factors and implement them, will help them become financially successful as well as a decent holding of Bitcoin. Although the amount of discretionary income is small, an investor who wants to DCA regularly can easily do so and build up a Bitcoin holding. If you have $20 in discretionary income at the end of the week, start with $14 in Bitcoin. As you try to get into a better financial position and get stronger, increase your allocation to Bitcoin.

Finding alternative sources of income will motivate you to be efficient and the DCA method will be a great strategy for building Bitcoin holdings as you actually gain wealth, store of value.

[Crytohillss]

In a situation whereby someone has very little/no discretionary income. It is not about waiting after some time to gather more money, because that’s only temporary solution. Remember the amount has to be sustainable over time and you don’t want to get stranded again after some time. The best thing is to take a look at his cashflow if there’s a way to reduce or cut off unecessary expenses. Another option is for him to look for ways to multiply his earnings so discretionary becomes reasonable enough to invest in bitcoin and build financial cushion.

If the discretionary income is little I think there is no problem since we have the DCA which can help someone accumulate gradually regardless of how big or small one's discretionary income is, so this should not stop someone from investing in Bitcoin but if there is no discretionary income at all then I guess the person should work on their source of income and forget about Bitcoin investment for that particular time so they don't put pressure on themselves.

The advice we provide for investors, if they can carefully consider these factors and implement them, will help them become financially successful as well as a decent holding of Bitcoin. Although the amount of discretionary income is small, an investor who wants to DCA regularly can easily do so and build up a Bitcoin holding. If you have $20 in discretionary income at the end of the week, start with $14 in Bitcoin. As you try to get into a better financial position and get stronger, increase your allocation to Bitcoin.

Finding alternative sources of income will motivate you to be efficient and the DCA method will be a great strategy for building Bitcoin holdings as you actually gain wealth, store of value.

You are right dude, starting little is better than waiting until one have a big amount to invest one thing I would say is that increasing your Bitcoin allocation should come from improving one overall cash flow not simply from deciding to put a huge percentage into Bitcoin.
For instance if someone begin with $15 or $20 of spare money each month they can DCA with an amount that doesn't put pressure on their normal expenses but if they later start getting more the extra income gives one the room to increase their DCA without sacrificing things they suddenly need cash for.

[SPIDERMAN008]

The problem with some people is that they can't tell the difference between their important need and the unimportant ones(wants). Someone that wants to invest into Bitcoin will always want to settle their needs first but when the salary comes, they realise that they have nothing left as discretionary income after budgeting every bills down.  Reason is because they've pured the whole money into things that are necessary and not necessary (planning to buy an expensive designer shoes or clothes, or budgeting for things that are trending or eating out frequently).

There is nothing wrong in enjoying yourself once in a while or buying some nice things for yourself. Investing into bitcoin should not strangle you or make you stop caring for yourself and about your looks. There should be a balance and adequate planning to contain all these life necessities and still priorities investing. I agree that some people can get excessive with their spending which is not entirely good, but total absence of these relaxation or things that makes you look nice makes investment look more like a burden than securing your financial future. You could go ahead and save for them for sometime and get them when you've enough, it shouldn't be a threat to your consistent buys, you can always divide your discretionary income into 3 equal parts(investment fund, savings and discretionary consumption) and keep saving that 33% for discretionary consumption until it is enough to handle such nice treats you want for yourself while you keep investing and building backup funds simultaneously.

The 33%-33%-33% division may not be applicable for everyone. Because not everyone's income, expenses and responsibilities are the same. There are many whose backup fund is already strong, while some have so many responsibilities that if the backup fund is zero, it becomes more important to make it strong as well as dca in bitcoin .

Then the investment in Bitcoin and the backup fund money may have to be divided and allocated as about 50%/50%. When investing in Bitcoin from discretionary income, the fund should be allocated in such a way that sustainability is important. The person who will invest will decide this by calculating his financial status and expenses.

I personally am not in favor of keeping such a fixed ratio. A person will make DCA from discretionary income according to his financial status at that time and put it in the backup fund. And dividing the emergency fund, reserve fund type in the backup fund may seem complicated to a new investor in the beginning. So the simple thing is a person will create a backup fund and invest in Bitcoin according to his convenience.

[Futurexxx]

The 33%-33%-33% division may not be applicable for everyone. Because not everyone's income, expenses and responsibilities are the same. There are many whose backup fund is already strong, while some have so many responsibilities that if the backup fund is zero, it becomes more important to make it strong as well as dca in bitcoin .

Then the investment in Bitcoin and the backup fund money may have to be divided and allocated as about 50%/50%. When investing in Bitcoin from discretionary income, the fund should be allocated in such a way that sustainability is important.

Talking about the highlighted statement, I think that the only set of people these methods of division of our discretionary income is not applicable to are those that have already stack up their back up funds to protect their investment, but as for those that are just starting out, it is very necessary, in other for your investment to have a solid foundation from the start.

Additionally, their should be no point in your investment journey that you should divide your discretionary income 50/50, uses one place for investment and one place to strengthen your back up funds because you have practically neglected your discretionary consumption funds. You may not make provisions for your back up funds from your discretionary income if your backup funds is already strong enough to sustain you for more than three months of expenses, and you can channel that money to invest aggressively, but you see the discretionary consumption funds, it should not be neglected no matter what.

[Cgrexp]

In a situation whereby someone has very little/no discretionary income. It is not about waiting after some time to gather more money, because that’s only temporary solution. Remember the amount has to be sustainable over time and you don’t want to get stranded again after some time. The best thing is to take a look at his cashflow if there’s a way to reduce or cut off unecessary expenses. Another option is for him to look for ways to multiply his earnings so discretionary becomes reasonable enough to invest in bitcoin and build financial cushion.

If the discretionary income is little I think there is no problem since we have the DCA which can help someone accumulate gradually regardless of how big or small one's discretionary income is, so this should not stop someone from investing in Bitcoin but if there is no discretionary income at all then I guess the person should work on their source of income and forget about Bitcoin investment for that particular time so they don't put pressure on themselves.

The advice we provide for investors, if they can carefully consider these factors and implement them, will help them become financially successful as well as a decent holding of Bitcoin. Although the amount of discretionary income is small, an investor who wants to DCA regularly can easily do so and build up a Bitcoin holding. If you have $20 in discretionary income at the end of the week, start with $14 in Bitcoin. As you try to get into a better financial position and get stronger, increase your allocation to Bitcoin.
Finding alternative sources of income will motivate you to be efficient and the DCA method will be a great strategy for building Bitcoin holdings as you actually gain wealth, store of value.

You are right dude, starting little is better than waiting until one have a big amount to invest one thing I would say is that increasing your Bitcoin allocation should come from improving one overall cash flow not simply from deciding to put a huge percentage into Bitcoin.
For instance if someone begin with $15 or $20 of spare money each month they can DCA with an amount that doesn't put pressure on their normal expenses but if they later start getting more the extra income gives one the room to increase their DCA without sacrificing things they suddenly need cash for.

There is no need to wait until a large amount of capital is accumulated to start investing. Regular DCA can be started with small amounts within the capacity. This creates an investment habit and there is no need to risk a large amount of money at once. Increasing the amount must be consistent with the person's cash flow or income growth. It is not right to suddenly bring a large part of the income into investment due to interest in Bitcoin or the hope of higher profits in the future. The basis for increasing the investment amount is to increase capacity, not interest. The investment will grow gradually but will not create unnecessary pressure on one's financial capacity.

[Ashawowo(OS)]

The 33%-33%-33% division may not be applicable for everyone. Because not everyone's income, expenses and responsibilities are the same. There are many whose backup fund is already strong, while some have so many responsibilities that if the backup fund is zero, it becomes more important to make it strong as well as dca in bitcoin .

The 33% allocation does not make your backup fund 0, it allows your backup fund to grow at the same rate with your portfolio, which is healthy from my own point of view, especially if you started investing without any emergency fund. The person you quoted was proposing the percentages for discretionary income and not gross income.

I personally am not in favor of keeping such a fixed ratio. A person will make DCA from discretionary income according to his financial status at that time and put it in the backup fund. And dividing the emergency fund, reserve fund type in the backup fund may seem complicated to a new investor in the beginning. So the simple thing is a person will create a backup fund and invest in Bitcoin according to his convenience.

You need to understand the concept of percentages, keeping a fixed ratio does not stop the person from investing according to his financial strength, the ratio is calculated from his available discretionary income. It is in a bid to help him manage his cash-flow properly. If there is no pre-determined sharing formula for his discretionary income, it is easy for the investor to invest over aggressively, giving less priority to backup funds and leaving their portfolio vulnerable in the face of an emergency.

The investor can still tweak the percentages how it suits him in his investment, it is just a guide to good cash-flow management. It is always better to plan finances very well before taking actions on it.

[Princess Leah]

There is no need to wait until a large amount of capital is accumulated to start investing. Regular DCA can be started with small amounts within the capacity. This creates an investment habit and there is no need to risk a large amount of money at once. Increasing the amount must be consistent with the person's cash flow or income growth. It is not right to suddenly bring a large part of the income into investment due to interest in Bitcoin or the hope of higher profits in the future. The basis for increasing the investment amount is to increase capacity, not interest. The investment will grow gradually but will not create unnecessary pressure on one's financial capacity.

Some people forget that Bitcoin is a volatile asset and doesn't give a specific clue of how it could fluctuate so instead of waiting to gather more funds and watch the value go higher it's better to invest gradually like you said and that's part of the reason why the DCA strategy exist so people who can't buy lots of it at once can gradually buy it regularly instead of waiting to gather funds.

 Let's say the person have the opportunity of buying Bitcoin at $60k but insisted on waiting to gather more money before buying then Bitcoin increases to the point it is currently, that's a missed opportunity of starting at a cheaper price point, so instead of waiting and miss such opportunity, buy consistently with the DCA is better.

[BluebloodCXVI]

Yes you’re right!
And of course, the external market conditions will matter too, but i feel like the variance that most individuals can control is largely a function of their consistency, risk sizing, and also their willingness to keep learning about bitcoin even when the price is boring.
So at the end of the day, choice remains available to us at every step of the way, and that is both the opportunity and the responsibility that we investors need to make use of and take seriously. Let’s not act like we’re completely helpless when it comes to how our investment turns out; there are definitely still plenty of things that are within our control.

Look, you have to control yourself in everything you do and you must use a Bitcoin emergency fund to deal with the situation. However, if you are not able to control the situation yourself, you can collapse in the middle or in the middle of investing, so of course every person should have this knowledge to move forward towards the future by following a strategy. If you are attracted to investing in more Bitcoin, it is not beyond your control,
but you should not buy Bitcoin aggressively at all. Buy Bitcoin within your means and move towards the future correctly, of course it will be easier for you to hold Bitcoin investment for the long term only by following a strategy.

Well aggressive buying doesn’t automatically translate to reckless buying, you need to understand the difference between aggressive buying and overaggressive buying to avoid mixing them up.

A person can deliberately decide that they wanna put a large portion of their discretionary income into buying bitcoin without them being overaggressive with it, the amount they put in just has to fit into their overall finance while still leaving enough room for their other needs and uncertainties to be catered for; this is where individual judgement comes into play.

[Zackz5000]

There is no need to wait until a large amount of capital is accumulated to start investing. Regular DCA can be started with small amounts within the capacity. This creates an investment habit and there is no need to risk a large amount of money at once. Increasing the amount must be consistent with the person's cash flow or income growth. It is not right to suddenly bring a large part of the income into investment due to interest in Bitcoin or the hope of higher profits in the future. The basis for increasing the investment amount is to increase capacity, not interest. The investment will grow gradually but will not create unnecessary pressure on one's financial capacity.

People don't actually need to break the bank if they want to invest in Bitcoin, as a beginner it's even better to start with small amount and gradually increase your financial strength as you continue to accumulate Bitcoin, the DCA strategy has made accumulating Bitcoin more easier for those who doesn't have large sum of money to accumulate Bitcoin with, investors can accumulate Bitcoin gradually using the DCA strategy provided they are to stay consistent and persistent in accumulating Bitcoin for a long time there is no way they won't be able to get to their Bitcoin over accumulation phase.

[Rockson1]

you don’t need to build up your emergency funds immediately as you start your investment, that is obtainable when you’ve gotten to three months of your bitcoin investment.

Is this for real or you do not mean what you said here, so what if you run into some emergency within this your preferable 3months, what happens then, it means you have to withdraw from your investment that have not reach anywhere, let me assume that you did not read what you said, because this is not a good suggestion or advice, I have not heard this before, what I know is that, it is not mandatory that we should build emergency funds before we start investing but as soon as we start acumulating Bitcoin, both should be done concurrently because of how important and unexpected emergency situations can be, no one should play with such important thing man.

[Sobz]

you don’t need to build up your emergency funds immediately as you start your investment, that is obtainable when you’ve gotten to three months of your bitcoin investment.

Is this for real or you do not mean what you said here, so what if you run into some emergency within this your preferable 3months, what happens then, it means you have to withdraw from your investment that have not reach anywhere, let me assume that you did not read what you said, because this is not a good suggestion or advice, I have not heard this before, what I know is that, it is not mandatory that we should build emergency funds before we start investing but as soon as we start acumulating Bitcoin, both should be done concurrently because of how important and unexpected emergency situations can be, no one should play with such important thing man.

It is not compulsory to build an emergency fund as one begins to invest Bitcoin and there is no measurement or time frame for when one is supposed to build an emergency fund. One can start investing in bitcoin but even if the emergency fund is not avaliable this doesn't mean you dont need it or you can invest without having it. If emergency fund is not available while you begin bitcoin investment,  building and investment still needs to be considered and should be in the plan provided when one can start building it. Emergency fund is very important,  the only thing is that it can come later while investing bitcoin is on.

[Agbam]

In the beginning, I think starting with a small amount of money can be a good decision to invest. If an investor initially feels that buying regularly with $20 can be a good decision for him, then he can start with this amount of money and maintain consistency. Again, many times we realize that after buying little by little, when the market suddenly goes down, we are more aggressive and without thinking about anything, we want to buy more, here too we have to be careful because while buying a large amount suddenly, we forget that we have some daily expenses as well as our needs, so if we buy aggressively like this, we may decide to sell the investment due to sudden financial needs, so we should think carefully before buying aggressively.

The main thing is to determine an amount according to your ability and use it for regular investment. Maybe the initial investment amount may seem small, but if you maintain consistency in the long run, the total amount of investment will be much higher.

Increasing levels of aggressiveness based on price is a wrong move by any investor, it shows greed or carelessness rather than an investment strategy or plan.

The essence of investing in bitcoin will be defeated if an investor decides to start buying aggressively in dip periods without considering their available discretionary income and goes beyond it to invest with money meant for basic expenses.

[Grease5000]

you don’t need to build up your emergency funds immediately as you start your investment, that is obtainable when you’ve gotten to three months of your bitcoin investment.

I think there is a little confusion here. Because an emergency fund should not be based on reaching three months of bitcoin investment.

Someone can start building an emergency at the same time while accumulating bitcoin. You don't have to wait or start accumulating bitcoin before building an emergency fund, you can use some percentage of your discretionary income to buy bitcoin, some to build an emergency and the remaining for backup fund.

For me,  it is not about rushing to accumulate bitcoin or how long someone have been buying bitcoin, but to also make sure they build an emergency fund along side it to safeguard their investment in case of an emergency situation that will require money.

[Rockson1]

you don’t need to build up your emergency funds immediately as you start your investment, that is obtainable when you’ve gotten to three months of your bitcoin investment.

Is this for real or you do not mean what you said here, so what if you run into some emergency within this your preferable 3months, what happens then, it means you have to withdraw from your investment that have not reach anywhere, let me assume that you did not read what you said, because this is not a good suggestion or advice, I have not heard this before, what I know is that, it is not mandatory that we should build emergency funds before we start investing but as soon as we start acumulating Bitcoin, both should be done concurrently because of how important and unexpected emergency situations can be, no one should play with such important thing man.

It is not compulsory to build an emergency fund as one begins to invest Bitcoin and there is no measurement or time frame for when one is supposed to build an emergency fund. One can start investing in bitcoin but even if the emergency fund is not avaliable this doesn't mean you dont need it or you can invest without having it. If emergency fund is not available while you begin bitcoin investment,  building and investment still needs to be considered and should be in the plan provided when one can start building it. Emergency fund is very important,  the only thing is that it can come later while investing bitcoin is on.

I don't think I doubted this point, I was only trying to clear a statements made by @Alonso, of course know that the first requirement for every starter and existing investor to keep investing in Bitcoin is their discretionary income, but what I'm saying is that, once we start our investment, it should along side with creating our emergency funds, since the reason for the emergency funds has started, delaying the creation of our emergency funds might have serious effects which might even cause us to deviate from our initial objective.

[ChocolateBitcoinK]

There is no need to wait until a large amount of capital is accumulated to start investing. Regular DCA can be started with small amounts within the capacity. This creates an investment habit and there is no need to risk a large amount of money at once. Increasing the amount must be consistent with the person's cash flow or income growth. It is not right to suddenly bring a large part of the income into investment due to interest in Bitcoin or the hope of higher profits in the future. The basis for increasing the investment amount is to increase capacity, not interest. The investment will grow gradually but will not create unnecessary pressure on one's financial capacity.

People don't actually need to break the bank if they want to invest in Bitcoin, as a beginner it's even better to start with small amount and gradually increase your financial strength as you continue to accumulate Bitcoin, the DCA strategy has made accumulating Bitcoin more easier for those who doesn't have large sum of money to accumulate Bitcoin with, investors can accumulate Bitcoin gradually using the DCA strategy provided they are to stay consistent and persistent in accumulating Bitcoin for a long time there is no way they won't be able to get to their Bitcoin over accumulation phase.

It is more realistic for new investors to start with a small amount according to their financial capacity. They can regularly allocate a fixed or affordable amount from their discretionary income to Bitcoin. DCA (Dollar-Cost Averaging) can be an effective method because it does not require investing a large sum of money at once. It also reduces the pressure of making investment decisions every time by looking at short-term market fluctuations.

DCA is not a strategy that makes investing risk-free. Or guarantees that you will definitely collect the desired amount of Bitcoin. The main advantage of DCA is to follow a consistent plan instead of guessing at the time. You should not ignore your financial security only in collecting Bitcoin. Start with a small amount within the limits and increase the investment amount over time as your income and capacity increase.

[Silikiem]

you don’t need to build up your emergency funds immediately as you start your investment, that is obtainable when you’ve gotten to three months of your bitcoin investment.

Is this for real or you do not mean what you said here, so what if you run into some emergency within this your preferable 3months, what happens then, it means you have to withdraw from your investment that have not reach anywhere, let me assume that you did not read what you said, because this is not a good suggestion or advice, I have not heard this before, what I know is that, it is not mandatory that we should build emergency funds before we start investing but as soon as we start acumulating Bitcoin, both should be done concurrently because of how important and unexpected emergency situations can be, no one should play with such important thing man.

It is not compulsory to build an emergency fund as one begins to invest Bitcoin and there is no measurement or time frame for when one is supposed to build an emergency fund. One can start investing in bitcoin but even if the emergency fund is not avaliable this doesn't mean you dont need it or you can invest without having it. If emergency fund is not available while you begin bitcoin investment,  building and investment still needs to be considered and should be in the plan provided when one can start building it. Emergency fund is very important,  the only thing is that it can come later while investing bitcoin is on.

I see no reason why investors who are ongoingly buying bitcoin shouldn’t start building up their emergency funds. The same way they’re buying bitcoin with their discretionary income is enough for them to also know that they need an emergency and other back up funds and at such shouldn’t use all the discretionary income into buying bitcoin alone, even with a discretionary income of $20, they can get to divide it into two and decides how much of it to allocate into accumulating bitcoin and another portion of it into building for emergency funds. Because emergency can happen anytime so it is advisable as they start investing they should not waste time with the emergency funds.

[Showlove01]

Increasing levels of aggressiveness based on price is a wrong move by any investor, it shows greed or carelessness rather than an investment strategy or plan.

The essence of investing in bitcoin will be defeated if an investor decides to start buying aggressively in dip periods without considering their available discretionary income and goes beyond it to invest with money meant for basic expenses.

Dip is always considered a great opportunity for a prepared investor to front load or double up their portfolio and in this regards I don't think there is something wrong if an investors has all takes to be aggressive I mean if an investor is prepared like I said earlier, there is not hing bad if they chose to be aggressive but people who don't understand how things works will want to follow someone who has prepared for this time to come to be aggressive and guess what, it will be a great disaster or disadvantage to those kind of investors because everything is planning and calculation.

[Merit.s]

Dip is always considered a great opportunity for a prepared investor to front load or double up their portfolio and in this regards I don't think there is something wrong if an investors has all takes to be aggressive I mean if an investor is prepared like I said earlier, there is not hing bad if they chose to be aggressive but people who don't understand how things works will want to follow someone who has prepared for this time to come to be aggressive and guess what, it will be a great disaster or disadvantage to those kind of investors because everything is planning and calculation.

Why waiting for a dip that may come or not before you choose to be aggressive on your bitcoin accumulation. What if the dip didn't come, you will sit back holding too much fiat with you hoping for a dip that you are clueless of when it will come. Your bitcoin portfolio will be growing below its normal pace if you didn't hold back those funds and DCA aggressively with it. One thing that you should know that it's the bitcoin you bought that is yours. The one you haven't bought and hope to buy might be possible or not.

I don't like the idea of investing aggressively only during the dip because there's no proper insight of when that can be done. You should also know that investing aggressively isn't done based on price but based on your own cash inflow at that particular time. If you financial situation isn't good enough for you to buy aggressively during the dip, you shouldn't and if your financial situation is strong enough for you go buy aggressively when the price is high take the opportunity to DCA aggressively and don't misuse the opportunity.

[Lembo69]

The stronger you can make yourself financially, the more weight you can keep, in every case you need to make yourself more successful financially. You need to keep your discretionary income where you can invest Bitcoin regularly weekly or monthly and you can build an emergency fund to sustain it for a long time.
That is why it is important to meet your financial needs, let's see how much you can adapt yourself by following the strategy in this current situation, that is why it is most important to maintain your Bitcoin investment. So in this current situation, you should store your Bitcoin properly and spend the future days risk-free.

You do not need to be extremely wealthy to invest in Bitcoin. An investor just starting out might not be able to purchase large amounts during their initial investment cycles. However, as your financial situation improves over time, you can certainly increase your holdings. There is no requirement to buy a massive amount right at the beginning; you can simply start with smaller investments using the Dollar-Cost Averaging (DCA) strategy. While it is true that greater financial strength allows for larger purchases, being wealthy is not a prerequisite for investing. An investor can start from scratch; although the Bitcoin investment journey involves inevitable ups and downs, the fact that they are investing smaller amounts means they are less likely to succumb to despair.

For those without vast wealth, any endeavor can seem daunting. As you noted, success is key; the more successful one becomes, the easier difficult tasks appear. However, if an investor exercises good judgment and begins investing—even in small amounts—using the DCA strategy, they can eventually accumulate a significant amount of Bitcoin. Barring constraints related to managing their ongoing cash flow, an investor can begin investing regardless of their current financial situation; immense wealth is not a requirement.