JJG’s Outline of Bitcoin Investment Ideas

[Princess Leah]

Age does not matter for investment. If a person has discretionary income despite being old, he can use it for investment. And since Bitcoin investment is long-term and most investors build a long-term Bitcoin portfolio considering the future of their successors, even if a person is old enough, he can still consider his next generation and create Bitcoin for the next generation. And if they do this, their next generation may also consider them wise for this because they can then get much more financial success for this investment.

If we look at this from different angles, I don’t think an older person will simply follow the discretionary income path, for sure an older person already has a house and a car and maybe more so is it reasonable for an older person to trust Bitcoin enough to sell everything they own just to invest and wait for the big boom?

Older people can still get discretionary funds from their pension and mustn't sell off their properties to invest in Bitcoin cause they're old, what if the person has only one house and car? If there's another house and car then it's not a bad idea since Bitcoin's potential is great and could turn out to be a good decision in future.

 Bottom line is that if there's a discretionary funds available and it can be sustainable for long term then there's no need to sell off properties to invest in Bitcoin.

[icebar]

Be clear about what you mean by the wrong funds.

I think that when you here of the statement "investing with the wrong fund" the person may be talking about someone that is investing away from his discretionary income.

Use a significant portion of your discretionary income to invest in Bitcoin and keep the rest available for emergency funds and extras.

Your investment may have problem along the way of your investment, because like that you are being over aggressive towards your accumulation. So dividing your discretionary income into three different equal part is the best, one for investment, one for your back up funds and one for discretionary consumption, with that you can invest smoothly without problem.

@cxtreenal said to keep a large portion of discretionary income in Bitcoin, but that's not to say it's overly aggressive. He also said to keep the rest for emergency funds and other things.

The share of discretionary income will not be the same for everyone. If someone already has a cash reserve for needs, they may be able to put more into Bitcoin than their new discretionary income. Again, if you have absolutely zero backup or your income is irregular, you may need to put more into your cash reserve or emergency fund. What is overly aggressive for you may be normal for someone else.

[JayJuanGee]

Age does not matter for investment. If a person has discretionary income despite being old, he can use it for investment. And since Bitcoin investment is long-term and most investors build a long-term Bitcoin portfolio considering the future of their successors, even if a person is old enough, he can still consider his next generation and create Bitcoin for the next generation. And if they do this, their next generation may also consider them wise for this because they can then get much more financial success for this investment.

If we look at this from different angles, I don’t think an older person will simply follow the discretionary income path, for sure an older person already has a house and a car and maybe more so is it reasonable for an older person to trust Bitcoin enough to sell everything they own just to invest and wait for the big boom?

Just because older people might have more assets, they would not be tempted into selling all of their assets to buy bitcoin even though they would not necessarily be limited to their income in regards to whether and/or how much to allocate to bitcoin.

[adultcrypto]

To add to what you’ve said so far, when reserves are used always try to replenish it back as soon as possible because you planned to use it for something else but had an opportunity to buy cheaper which you could not neglect.
Money set aside for critical/emergency situations should never be used because you may not be able to replace it before an emergency hits you. And when it does and there’s no safety net for your investment it jeopardises your hardwork so far.

Investing in Bitcoin during dip should  not be done simply because one can not afford to neglect or miss it because that will be a very big mistake because it is never a must to be aggressive during the dip especially when we don't have a discrestionary income to do that, so taking it upon oneself that we could not neglect the opportunity is very wrong and not logical I mean you are not competing with anyone so we should be careful and invest within our reach and means and don't feel entitled to Dip.

What is completely wrong is investing through FOMO be it during dips or other times. Investment made under FOMO will not consider remaining within the discretionary income because emotions are high at that point. While I agree that someone can be more aggressive during the dips, I do not subscribe to waiting idly for it. The investor can be using the DCA method to buy other times and if there is significant dips, then he can draw up extra budget to accumulate more bitcoin during that dip while the DCA purchase is allowing to proceed smoothly.

[ejikeme24]

If we look at this from different angles, I don’t think an older person will simply follow the discretionary income path, for sure an older person already has a house and a car and maybe more so is it reasonable for an older person to trust Bitcoin enough to sell everything they own just to invest and wait for the big boom?

Perhaps you think an older person does not have anything to do with those assets they have  built that is why you think they can possibly sell those assets and invest the whole money into Bitcoin, some older people are scared of Lossing their money. So no matter the trust they have for Bitcoin yet they will follow the normal procedure that's by investing from their discretionary income rather than selling their properties to invest in bitcoin. and then again, an older person is likely to have children or next of kin's that they will like to take care of the assets they have built including Their Bitcoin investment. And not like they are 100% sure of making profit from Bitcoin investment.

[BITBI-4]

Age does not matter for investment. If a person has discretionary income despite being old, he can use it for investment. And since Bitcoin investment is long-term and most investors build a long-term Bitcoin portfolio considering the future of their successors, even if a person is old enough, he can still consider his next generation and create Bitcoin for the next generation. And if they do this, their next generation may also consider them wise for this because they can then get much more financial success for this investment.

If we look at this from different angles, I don’t think an older person will simply follow the discretionary income path, for sure an older person already has a house and a car and maybe more so is it reasonable for an older person to trust Bitcoin enough to sell everything they own just to invest and wait for the big boom?

In my opinion the key here is not just how old an investor is when they accumulate Bitcoin it is also important to consider when they want to take real advantage of that wealth. Leaving Bitcoin for the next generation can certainly be a reasonable goal. But it is also unwise to completely ignore the opportunity to use the wealth during your own lifetime in order to achieve that goal.

An investor who has accumulated Bitcoin for a long time, but has not planned to use some of that wealth at the appropriate time cannot be said to have fulfilled his investment objective just by increasing the amount of his portfolio. On the other hand, after accumulating a certain amount of Bitcoin (after holding it for 4-10 years or more) there is also a way to systematically sell some of it to meet your needs and hold the rest for the long term. This makes it possible to take into account both your own life needs and the future of your descendants.

However this does not mean that you have to sell Bitcoin at a certain age. If someone is financially well off and can afford to live on their current income they should hold onto Bitcoin. The bottom line is you shouldn't invest in a way that only aims to accumulate more wealth leaving the time to reap the benefits of that wealth behind.

[cyberninja2]

What is completely wrong is investing through FOMO be it during dips or other times. Investment made under FOMO will not consider remaining within the discretionary income because emotions are high at that point. While I agree that someone can be more aggressive during the dips, I do not subscribe to waiting idly for it. The investor can be using the DCA method to buy other times and if there is significant dips, then he can draw up extra budget to accumulate more bitcoin during that dip while the DCA purchase is allowing to proceed smoothly.

However, many people are currently afraid to start, and they make more excuses than take action. Ultimately, they always end up investing late, citing the many considerations they have to consider. This increases their anxiety, and they prefer to take the same path over continuing.

Whether we fall behind is up to us to determine. Those who have already started don't dwell on the delay in starting because, rather than looking for better excuses, they choose to continue starting. They no longer use delay as their primary reason for not starting. I think that's a good idea in determining their journey to no longer think about being late.

Regardless of this, those who choose to start immediately think about their funds or capital to make purchases using the DCA strategy and they have also prepared the needs to achieve their investment goals by starting to buy Bitcoin whether the price is falling or rising.

[UpTober]

Of course the 90 year old example shows a guy that would be likely in his spending years and no longer accumulating wealth, unless he merely had a goal of passing on a legacy - which does not seem a practical thing to presume, even though surely there are some guys who have legacy as their back up plan in case they die prior to being able to start to live off of their investment.

The general idea with an investment like bitcoin might be that we have an accumulating period (which could be 4-10 years or longer), and then we would have a period that might be maintenance. which might not be increasing or decreasing the holdings, and maybe that would be 4-ish years, even though anyone could have bitcoin that they are able to spend from that are at least 4 years old... and then there would be a liquidation and/or sustainable withdrawal stage.

I think the maintenance phase is undoubtedly an important stage in accumulating and selling Bitcoin. At this stage, an investor thinks about his overall situation and makes a decision, such as his investment, income, expenses, spending habits over a certain period of time, that is, by considering all these, he decides how much of his investment to sell is the right decision. However, this decision will not be the same for everyone, it is natural because people's age, income, needs, investment, etc. will be considered, but the decision will be made considering everything. It is a fact that investing for a long time does not mean that the investor will just keep investing without taking any benefit from the investment, but an investor can make some decisions by selling the investment to improve his quality of life or change his financial situation. And I think another important thing here is that taking the right decision at the right time, after holding the investment for four to five years, if I think that now is the right time to sell this investment, then we can make that decision at that time.

 

Sustainable withdrawal  attempts to preserve the principle of the investment, and just live off the gains.. which would mean that the amount spent is lower than the ongoing amount gained on average each year, so if the investment is tending to gain 15% or more each year, then spending 10% per year or even less would mean that the underlying value of the principle is gaining in value faster than it is being spent.  Liquidation would be spending down the principle, so if a person had $1 million in value then he could spend $100k (plus any gains) to spend all the value down in 10 years.  Also if the quantity of the bitcoin were to be 12 bitcoin, then maybe the liquidation would require cashing out 1.2 bitcoin each year, no matter what the value of the bitcoin in terms of dollars, since the cash out amount would be 1.2 bitcoin per year.

The idea is that guys can attempt to budget their timeline for cashing out of their bitcoin if they get to a stack size that they want to transition into such cashing out and they can attempt to make their cashing out sustainable if they were to choose to try to do so. I think that bitcoin allows for potential for generous cashing out potentials for guys who build a decent stack size, yet there are some challenges that would come based on age and/or health, so it would not make a lot of sense to overly delay in cashing out in terms of practicalities of being able to advantage from the value being cashed out.

Investing and continuing to invest continuously for a certain period of time and then deciding to sell that investment later all these things depend on an investor. If the investor has a proper plan for these, then he can decide to sell some amount of Bitcoin to fulfill his need, but if an investor continues to invest patiently for four to five years and at a certain point becomes impatient and sells all the investments and starts spending that money randomly, then the end of the investment will not be beautiful.

I may have heard such a proverb in my childhood that it is more important to keep something than to acquire it. If we do not have a proper plan for spending that invested money after the investment, then I think the entire investment is in vain.
Therefore, we should give more importance to spending our money than to keeping our investment.

[Junii]

If we look at this from different angles, I don’t think an older person will simply follow the discretionary income path, for sure an older person already has a house and a car and maybe more so is it reasonable for an older person to trust Bitcoin enough to sell everything they own just to invest and wait for the big boom?

Bro investment does not need any age limit because death is certain and it is unpredictable every human being does not know when will they die also for investment in bitcoin a person whether he is older or younger he does not have to sell everything and invest it in bitcoin because before investment a person has to understand his risk tolerance capability and then start investing with a discretionary income especially in bitcoin also for older peoples it is necessary to invest there money in assets that give them returns without hard work  so let the money work for them.

[RockBell]

If we look at this from different angles, I don’t think an older person will simply follow the discretionary income path, for sure an older person already has a house and a car and maybe more so is it reasonable for an older person to trust Bitcoin enough to sell everything they own just to invest and wait for the big boom?

Bro investment does not need any age limit because death is certain and it is unpredictable every human being does not know when will they die also for investment in bitcoin a person whether he is older or younger he does not have to sell everything and invest it in bitcoin because before investment a person has to understand his risk tolerance capability and then start investing with a discretionary income especially in bitcoin also for older peoples it is necessary to invest there money in assets that give them returns without hard work  so let the money work for them.

And that is why it is better to invest earlier, so that when you are old, you have something to rely on, not that you will have to start to think whether you want to start investing or not, because to me, before I get old, I would make sure all this is settled, and that way there won't be this argument in the first place, because it is better when you invest on time against your retirement so that when it's time you have to wait till then when you are old before you start investing.

And I don't think anyone is too young to start investing because, to me, there is no time the earlier, the better. During retirement, you can do what you want with your investment when you are old, and we should leave that everyone should invest when it is convenient for them

[Agbam]

There’s actually nothing wrong with the opinion you’re kicking against, so long as anyone can figure out their discretionary income then they can invest in bitcoin, they don’t have to compulsorily have a stable source of income before they can start investing.

Maybe you’re saying it’s not for everyone because there are folks who can’t afford to because they don’t have discretionary. But I’ll have you know that as soon as their discretionary is available then they can invest. So it’s basically open to everyone. You don’t need a job before you can buy bitcoin

For the sake of keeping the records straight, Bitcoin is for everyone because anyone can invest in Bitcoin irrespective of their gender, age, culture, religion and geographical location. But to invest in Bitcoin and be able to preserve the investment, certain things need to be put in place. This is where the idea of discretionary income comes into question because it is the only funds that an investor can out in Bitcoin without being perturbed. I wouldn't want us to go with the wrong idea that some Bitcoin is not meant for some people, even those without discretionary income today can have one tomorrow and be able to buy Bitcoin, which means Bitcoin is meant for them but time and situation is the factor.

I may not likely agreed with you that everyone, irrespective of age, can invest in Bitcoin. If someone is already very old, I would not advise such a person to invest in Bitcoin. Just imagine someone who is over 90 years old. How active will such a person be in managing their Bitcoin investment? And how long will they be able to hold their Bitcoin to enjoy the benefits of their investment?If someone is already very old, I think it would be better for them to use the money they have to take care of themselves and continue to enjoy their life. I believe that is the best approach.As for your other points, I think and agree that Bitcoin does not discriminate based on religion, gender. As long as people have discretionary income, they can invest in Bitcoin.

I understand your point but I think age being a limitation for an individual investor does not necessarily mean that person cannot benefit from bitcoin.

If someone is aged and it’s at that point they realise the potential of bitcoin they can invest in it and use it as a means to secure the future of their children, and passed down as a means of inheritance.

So while age can be a limitation to the investor personally but in a wider sense it brings up another benefit for the use of bitcoin.
Over 90 might be too old an example but if someone at that age gets interested in bitcoin, he’ll have to inform one of his kids and that’s also a good thing for bitcoin, creating awareness and encouraging adoption across generations.

[cxtreenal]

Be clear about what you mean by the wrong funds.

I think that when you here of the statement "investing with the wrong fund" the person may be talking about someone that is investing away from his discretionary income.

Use a significant portion of your discretionary income to invest in Bitcoin and keep the rest available for emergency funds and extras.

Your investment may have problem along the way of your investment, because like that you are being over aggressive towards your accumulation. So dividing your discretionary income into three different equal part is the best, one for investment, one for your back up funds and one for discretionary consumption, with that you can invest smoothly without problem.

@cxtreenal said to keep a large portion of discretionary income in Bitcoin, but that's not to say it's overly aggressive. He also said to keep the rest for emergency funds and other things.

The share of discretionary income will not be the same for everyone. If someone already has a cash reserve for needs, they may be able to put more into Bitcoin than their new discretionary income. Again, if you have absolutely zero backup or your income is irregular, you may need to put more into your cash reserve or emergency fund. What is overly aggressive for you may be normal for someone else.

These fund management strategies depend on your financial situation. You can implement this strategy according to your income and discretionary income. There is no mandatory policy or strategy. If you already have reserve fund, you can use them to buy Bitcoin and if you want to keep that reserve fund for an emergency fund, you can do that too. Discretionary fund allocations should be structured/divided based on whether you have a reserve fund or not.

If you are new to Bitcoin accumulation and do not have any kind of reserve fund, accumulate most of your discretionary income in Bitcoin and keep a part of the remaining funds for an emergency fund and another part for extra expenses. The main thing is that you accumulate Bitcoin regularly and create an emergency fund and also keep cash flow.

[Creeper0]

If you are new to Bitcoin accumulation and do not have any kind of reserve fund, accumulate most of your discretionary income in Bitcoin and keep a part of the remaining funds for an emergency fund and another part for extra expenses. The main thing is that you accumulate Bitcoin regularly and create an emergency fund and also keep cash flow.

I think it depends on the financial situation of the person. I don't agree with the suggestion that a new investor should keep most of their discretionary money in Bitcoin if they don't have any reserve funds. How much do you mean by most? 70/30 percent or 80/20 percent?

From my perspective, there is no specific amount. Rather, a person should decide based on their financial situation how much of their discretionary money to keep in Bitcoin and how much to keep in a reserve (backup) fund. Some may give equal importance to investment funds and reserve funds in the beginning, while some may give more importance to Bitcoin funds and some may give more importance to reserve funds due to security risks.

[Ashawowo(OS)]

What is completely wrong is investing through FOMO be it during dips or other times.

I agree it is a bad idea, why wait until you entertain FOMO when you can start already and keep buying from whenever you have discretionary income and remain consistent instead of entertaining any FOMO  pressure and end up making some pretty bad investment decisions like over aggressiveness.

While I agree that someone can be more aggressive during the dips, I do not subscribe to waiting idly for it. The investor can be using the DCA method to buy other times and if there is significant dips,

I don't agree with you sir, investors should keep buying from within their capacity and being as aggressive as they can without overdoing it, instead of waiting for the dip to get aggressive. Such wait is not very necessary, it is better to take your investment journey very seriously from the onset and not suddenly become more serious during a dip and relax back after the dip, such commitments to your investment journey is a poor one.

[Rockstarguy]

If we look at this from different angles, I don’t think an older person will simply follow the discretionary income path, for sure an older person already has a house and a car and maybe more so is it reasonable for an older person to trust Bitcoin enough to sell everything they own just to invest and wait for the big boom?

For me, I don't buy the idea of selling properties to invest in Bitcoin, except if the properties are not being used and are not providing good value. In that case, it is not a bad decision to invest in Bitcoin if anyone chooses to.

However, I think the best way to invest in Bitcoin is to use discretionary income, whether one is old or young. Relying on discretionary income to invest in Bitcoin means that one has a consistent inflow of income to invest. If anyone is deciding to sell property to invest in Bitcoin, they should also have discretionary income. If the investment in Bitcoin solely depends on selling a property, what is the next move after the property has been sold? Will there be discretionary income available to accumulate Bitcoin?

[Brizi5000]

If we look at this from different angles, I don’t think an older person will simply follow the discretionary income path, for sure an older person already has a house and a car and maybe more so is it reasonable for an older person to trust Bitcoin enough to sell everything they own just to invest and wait for the big boom?

Bro investment does not need any age limit because death is certain and it is unpredictable every human being does not know when will they die also for investment in bitcoin a person whether he is older or younger he does not have to sell everything and invest it in bitcoin because before investment a person has to understand his risk tolerance capability and then start investing with a discretionary income especially in bitcoin also for older peoples it is necessary to invest there money in assets that give them returns without hard work  so let the money work for them.

For me I’m not actually looking at the death factor as per the reason why there’s an age limitation to investing in bitcoin especially for aged folks because obviously death is a natural phenomenon that can happen to anyone both young and old . I’m more concerned about the technical aspect of them understanding how to independently run and manage their investments and secure their private keys properly without falling into the hands of scammers. For most aged people, the technical complexity that might come from investing in bitcoin could be difficult and stressful for many of them to handle it  properly. However, I think if they can still be able to handle the investment properly and securely then  there’s no problem if they get involved In bitcoin investment at such age. But most adults are in a phase of their life where they should be leaving off a fixed incomes instead of  them trying to chase high risk investments.

[JayJuanGee]

Of course the 90 year old example shows a guy that would be likely in his spending years and no longer accumulating wealth, unless he merely had a goal of passing on a legacy - which does not seem a practical thing to presume, even though surely there are some guys who have legacy as their back up plan in case they die prior to being able to start to live off of their investment.

The general idea with an investment like bitcoin might be that we have an accumulating period (which could be 4-10 years or longer), and then we would have a period that might be maintenance. which might not be increasing or decreasing the holdings, and maybe that would be 4-ish years, even though anyone could have bitcoin that they are able to spend from that are at least 4 years old... and then there would be a liquidation and/or sustainable withdrawal stage.

I think the maintenance phase is undoubtedly an important stage in accumulating and selling Bitcoin. At this stage, an investor thinks about his overall situation and makes a decision, such as his investment, income, expenses, spending habits over a certain period of time, that is, by considering all these, he decides how much of his investment to sell is the right decision. However, this decision will not be the same for everyone, it is natural because people's age, income, needs, investment, etc. will be considered, but the decision will be made considering everything. It is a fact that investing for a long time does not mean that the investor will just keep investing without taking any benefit from the investment, but an investor can make some decisions by selling the investment to improve his quality of life or change his financial situation. And I think another important thing here is that taking the right decision at the right time, after holding the investment for four to five years, if I think that now is the right time to sell this investment, then we can make that decision at that time.

There likely are no pure stages, and yeah, a presumption of the maintenance stage would be a largely maintaining of the size of the bitcoin holdings and neither adding to it or depleting it, and so even if there might be times that a guy might buy or sell bitcoin during the maintenance stage, he would also likely end up doing the opposite so that the overall quantity of bitcoin is largely maintained during this stage.

And yeah, there are likely no pure stages and there are likely even stages within stages, so that during the early accumulation stage, the level of accumulation and the focus on accumulation will be more intense as compared with later parts of the accumulation stage where there might start to develop a gravitation towards maintenance.

The same is true in regards to liquidation/sustainable withdrawal.  Since we are talking about  investment, I have not been focused on selling bitcoin in large portions, unless there is justification for that based on age and/or health... but yeah, there still might be inclinations to sell on the way up rather than selling on the way down, and if guys are in bitcoin for 8-12 years or longer, they start to get some senses about where the price is at - even relative to the 200-WMA, so they might consider trying to strategize their selling in price-based ways rather than time-based ways.. and even though none of us likely want to get into situations in which we are pushed into action, sometimes we could end up in age and/or health situations that might cause our treatment of our bitcoin holdings in more urgent kinds of ways.
 

Sustainable withdrawal  attempts to preserve the principle of the investment, and just live off the gains.. which would mean that the amount spent is lower than the ongoing amount gained on average each year, so if the investment is tending to gain 15% or more each year, then spending 10% per year or even less would mean that the underlying value of the principle is gaining in value faster than it is being spent.  Liquidation would be spending down the principle, so if a person had $1 million in value then he could spend $100k (plus any gains) to spend all the value down in 10 years.  Also if the quantity of the bitcoin were to be 12 bitcoin, then maybe the liquidation would require cashing out 1.2 bitcoin each year, no matter what the value of the bitcoin in terms of dollars, since the cash out amount would be 1.2 bitcoin per year.

The idea is that guys can attempt to budget their timeline for cashing out of their bitcoin if they get to a stack size that they want to transition into such cashing out and they can attempt to make their cashing out sustainable if they were to choose to try to do so. I think that bitcoin allows for potential for generous cashing out potentials for guys who build a decent stack size, yet there are some challenges that would come based on age and/or health, so it would not make a lot of sense to overly delay in cashing out in terms of practicalities of being able to advantage from the value being cashed out.

Investing and continuing to invest continuously for a certain period of time and then deciding to sell that investment later all these things depend on an investor. If the investor has a proper plan for these, then he can decide to sell some amount of Bitcoin to fulfill his need, but if an investor continues to invest patiently for four to five years and at a certain point becomes impatient and sells all the investments and starts spending that money randomly, then the end of the investment will not be beautiful.

There can be quite a bit of flexibility in regards to how guys choose to start to sell their bitcoin - especially once they reach a status of having enough or more than enough bitcoin, and maybe the BIGGER assessment is whether they have enough or more than enough rather than if they might be starting to sell in random ways... and yeah, your description of impatiences causes me to conclude that they did not reach a status of having enough or more than enough bitcoin.

So then one assessment is whether they actually reached enough or more than enough bitcoin, and then the other assessment would be the extent to which they might choose to have their withdrawals be sustainable or an intentional depletion of the principle.

Hopefully guys would let their own assessments govern their bitcoin portfolio management choices rather than becoming impatient, yet surely since bitcoin tends to be so volatile (which is likely not going to go away), the volatility can end up contributing towards greater impatience.

If we are mostly planning, then it seems less likely that we would become impatient, since bitcoin's volatility is already known, and if we make through 4 years or more of investing in bitcoin, then we would have gone through at least one whole cycle.

I may have heard such a proverb in my childhood that it is more important to keep something than to acquire it. If we do not have a proper plan for spending that invested money after the investment, then I think the entire investment is in vain.
Therefore, we should give more importance to spending our money than to keeping our investment.

As a person gets older and older, they might no longer be able to work or want to work, and even some of their income sources might dry up or maybe some of them don't even end up materializing - since we likely hear of examples of rug pulls that even happen to older people when they are no longer able or willing to work.

Guys in bitcoin might work towards trying to be able to stop working at a year much younger than they thought that they might have had been able to achieve without bitcoin, yet at the same time, the ability to stop working and to live off of bitcoin (and perhaps some other sources of income) would not come without some organization and planning, and sure, of course, if the bitcoin investment does well, then there can end up being some cash cushion so that guys are not withdrawing the maximum of their capabilities, but instead withdrawing some moderate version that allows them to continue to maintain a cushion... ..

..and yeah, neither of us should attempt to be too preachy towards others, since each of us will end up having to work with what we got, and there may be some guys who meet and exceed their goals, and other guys who are working with a smaller bitcoin stash amount.  I personally believe that bitcoin can be quite forgiving in terms of both how much it takes to sustain ongoing withdrawals but also the rate of withdrawal tends to be quite generous too so long as guys are correctly making their calculations, which again I tend to prefer the use of the 200-WMA for bitcoin valuations, which I tend to repeat in my sustainable withdrawal thread.

If we look at this from different angles, I don’t think an older person will simply follow the discretionary income path, for sure an older person already has a house and a car and maybe more so is it reasonable for an older person to trust Bitcoin enough to sell everything they own just to invest and wait for the big boom?

Bro investment does not need any age limit because death is certain and it is unpredictable every human being does not know when will they die also for investment in bitcoin a person whether he is older or younger he does not have to sell everything and invest it in bitcoin because before investment a person has to understand his risk tolerance capability and then start investing with a discretionary income especially in bitcoin also for older peoples it is necessary to invest there money in assets that give them returns without hard work  so let the money work for them.

You think that age and/or health is not a factor in regards to how guys choose to invest?

You sound lost @Junii, and your way of framing the consideration of age/health sounds lost, too.

Maybe you should try consider the matter in regards to the various ways that age/health might affect financial planning, and also think about the extent to which the situations of bitcoin holders may well differ in terms of whether they plan to pass down inheritance, such as passing down to family or maybe they have some non-family targets or if they might consider ways to try to use most if not all of their wealth (and try to time their money spending and their death).

If we look at this from different angles, I don’t think an older person will simply follow the discretionary income path, for sure an older person already has a house and a car and maybe more so is it reasonable for an older person to trust Bitcoin enough to sell everything they own just to invest and wait for the big boom?

For me, I don't buy the idea of selling properties to invest in Bitcoin, except if the properties are not being used and are not providing good value. In that case, it is not a bad decision to invest in Bitcoin if anyone chooses to.

However, I think the best way to invest in Bitcoin is to use discretionary income, whether one is old or young. Relying on discretionary income to invest in Bitcoin means that one has a consistent inflow of income to invest. If anyone is deciding to sell property to invest in Bitcoin, they should also have discretionary income. If the investment in Bitcoin solely depends on selling a property, what is the next move after the property has been sold? Will there be discretionary income available to accumulate Bitcoin?

Bitcoin has been a superior investment as compared with property, yet sure there might be situations in which the property generates income and/or allows the owner to leverage their labor to create an income stream.

Over the years, a lot of people performed way inferior by putting money into property rather than bitcoin, so you cannot blanketly presume property to be better than bitcoin, especially when the opposite may well be the case in a lot of situations.

In your own case, do what you like, whether you had chosen a superior investment or not might take some time to play out and find out.

[Rockstarguy]

Bitcoin has been a superior investment as compared with property, yet sure there might be situations in which the property generates income and/or allows the owner to leverage their labor to create an income stream.

Over the years, a lot of people performed way inferior by putting money into property rather than bitcoin, so you cannot blanketly presume property to be better than bitcoin, especially when the opposite may well be the case in a lot of situations.

As far as assets are concerned, Bitcoin is the best I can think of, and there is nothing wrong if anyone decides to convert their property into a Bitcoin investment, as long as they understand and know what they are doing. It is not a bad idea at all.

I made my first opinion based on the average retiree and older people in my location. Some of them, after retirement, find that the only thing they have is the properties they have been able to gather throughout their working years. People in this situation, if they want to sell their property to invest in Bitcoin, it will be good having a source of income they can rely on and also to buy Bitcoin from their discretionary income from time to time because where there is no income they may just rely on their bitcoin investment.

In your own case, do what you like, whether you had chosen a superior investment or not might take some time to play out and find out.

Sir jay. The main purpose of this thread is to discuss Bitcoin investment ideas and if anyone comes with an idea that is incorrect, then the person will be corrected, that is why I'm here. We wont allow people to do whatever they like, they must be corrected with the real idea of bitcoin investment.

[Sticky Bomb]

I’m more concerned about the technical aspect of them understanding how to independently run and manage their investments and secure their private keys properly without falling into the hands of scammers. For most aged people, the technical complexity that might come from investing in bitcoin could be difficult and stressful for many of them to handle it  properly. However, I think if they can still be able to handle the investment properly and securely then  there’s no problem if they get involved In bitcoin investment at such age. But most adults are in a phase of their life where they should be leaving off a fixed incomes instead of  them trying to chase high risk investments.

Which technical complexities? I think you should stop making bitcoin investment look like an impossible task. Buying and holding bitcoin isn't that hard, neither is it very difficult to preserve your seed phrases offline, It is as simple as writing something down on a diary and storing it where no stranger can access it easily. Age is not a limiting factor to invest into bitcoin, as long as you've discretionary income and you want to get into bitcoin, there is no limitation. An aged parent might wish to secure the financial future of their children in bitcoin and invest what they would want to pass down as inheritance to them, bitcoin is an asset of value and can be inherited by the next generation.

[B-BossMan]

Bitcoin has been a superior investment as compared with property, yet sure there might be situations in which the property generates income and/or allows the owner to leverage their labor to create an income stream.

Over the years, a lot of people performed way inferior by putting money into property rather than bitcoin, so you cannot blanketly presume property to be better than bitcoin, especially when the opposite may well be the case in a lot of situations.

In your own case, do what you like, whether you had chosen a superior investment or not might take some time to play out and find out.

You have a good point here. Let's say that in the last 9 to 10 years back bitcoin has actually superseded real Estate or property rather, but some folks are still believing that property is more safer than bitcoin because they are seeing it physically, though we have a lots of properties, like having house for rent is much different because it can be generating income, purchasing a bigger land and leave it for several years is can never beat the value of bitcoin, I knew many people that bought property for so long around 2017 and 2018 are now regretting why they didn't inves in bitcoin at that time, because hadn't been they invest that  same money into bitcoin hold it to date, they would have been doing better at time time. Example now, the person  that uses like 10M  Naira to buy land In 2918, may definitely trying to sell it around 15 millions naira in BTC now, and if Bitcoin in 2018 work around $6k would worth like over 260m Naira without any stress.