JJG’s Outline of Bitcoin Investment Ideas

[Tonimez]

[Edited out]

Yes we can all agree that discretionary income is what’s needed to invest in bitcoin and both someone with a stable source and an unstable source of income can both invest if they have discretionary income.
Having a stable source of income makes it easier and more convenient to sort out your discretionary than an unstable source. And to be able to invest for the long term, one needs a steady supply of discretionary income and a good financial management plan.

With or without stable income source, a person who truly wants to invest in bitcoin will figure out his Discretionary income even when he doesn't not have a "stable" income. If a person continues waiting until he has a stable income source before he can make his first buy, he may also complain about his income amount when he finally gets a stable income. A person without a stable source of income and a low income earner needs to be good financial managers to own bitcoin and HODL for a long time. One benefit of starting your bitcoin accumulation when you do not have a stable income is that it helps you build a high level of financial discipline which will be very useful to him when he finally gets a source of income.

Being consistent comes when a person has a stable income, but owning bitcoin comes with self discipline and willingness to own bitcoin.

[edited out]

When discussing about bitcoin investment, age should not be the reason why someone can not invest into bitcoin. because someone who is 70 years of age may have financial stable than someone who is 25-30 years of age. So I don’t think age should be the reason for person not to invest. And one thing again is that not every old person that invest in bitcoin, invest for profit actually. Some may do it purposely to protect their money. My point is just that everyone who involved in bitcoin may have different reasons, goals must not be the same, so it’s just about everyone financial readiness than numbers of years they have.

Maybe if you think that age is not a factor, then you should give some example.

Age is a very big factor in bitcoin investment because it goes down to affect but the number of years of possible HODLing and security of your bitcoin. A 70 years old man may have had a series of recurrent issues that may also affect his mental health. At such age if such person must invest in bitcoin, it will be almost like he's going for a short term investment or he could involve a family member from the start or shortly after a start.

In my country, Life expectancy is around 55 years while the US stands at almost 75 years or more. So age here is a very important factor because to me the initial HODLing target by the investor will put his age into consideration. Let's say a person from my country at 70 years going into bitcoin, he will not plan for a 10 years initial HODLing period, but a guy of 40 years or less can choose to start with an initial HODLing target of up to 10 years or more.

Age affects everything in life so bitcoin is not an exception.

[James161]

I created this as a self-moderated thread in order for me to exercise some discretion in terms of removing possible shitcoin, trolling or shilling posts above and beyond what forum moderators might consider, and likely I am not going to be too inclined to delete posts even if they are critical of my ideas.. but we will see where the post substance goes or if there is any participation beyond just me.

I thought that the creation of this thread could be helpful for me to have some of the ideas in one place and potentially allow me to lessen some of my needs to repeat ideas… whether in the form of various PMs or in various threads that I am presented with seemingly repetitive ideas..

Maybe in the end, the creation and intended maintenance of this thread will not lessen repetition of my posts regarding ideas outlined herein..? time will tell.  

Of course, for at least an initial period, I will need to flesh out some of the first few posts in a kind of work-in-progress way.    

I am considering categories of:

1)   This post:  Introduction (Opening Post 1):  
2)   Opening Post 2: Getting started – assessing personal financial situation (in relation to ability to invest in bitcoin)
3)   Opening Post 3: Accumulation, maintenance, liquidation (or creation of legacy) of BTC  
                    3) a) -  Outside related thread Ideas of sustainable withdrawal
4)   Opening Post 4:  Attempts at BTC price predictions
5)   Opening Post 5:  Other considerations / resources, bitcoin podcasts, threads of other forum members or my other threads

I am also hoping that some of my ideas and outlining of intended investment bitcoin ideas will be helpful to other persons besides just me and maybe helpful for institutions and/or governments too.  

Anyone have any suggestions, questions or similar ideas that they would like to share in this thread?  Please do.  

I am also open to attempts to critique the various ideas or investment frameworks, but at my discretion I may well end up deleting posts that I determine to devolve too much into personal attacks (without seeming to provide adequate substance), shitcoin pumpening, bitcoin naysaying (that largely appears to me to be backhanded ways to shill some kind of a shitcoin) trolling or shilling.  

I would like to NOT delete many if any posts, but let’s see how it goes (especially since we are on the interwebs and cannot always know beforehand whether discussions will get too much derailed)?

Last Edited: November 24, 2023

I understand what you mean. Sometimes, sharing the same ideas repeatedly can feel exhausting, especially when you're trying to help others understand Bitcoin and manage their portfolios wisely. But remember, not everyone is at the same stage of learning. Your experience and perspective may be exactly what someone needs to hear. Keep sharing your insights, stay open to new ideas, and let your knowledge continue to grow. ₿🚀

[Cossyblack]

I disagree with you buddy because a person need money at any age and if you are saying 70 years old has to stop investing because of age factor

There are no age limits to invest in bitcoin. It doesn't matter whether you are in your 70s or above so long as you are healthy and has discretionary income available, you can invest in bitcoin.

Bitcoin investment is open to everyone irrespective of age, race or profession. There are people who are in their old age that are ongoing accumulating bitcoin. They may not have as much time to accumulate bitcoin as young people do but they can still accumulate a large stash of it before they grow weaker so there children can inherit it when they are gone. The fact that you are old shouldn't stop you from investing in bitcoin, so start investing while you still can using your discretionary income and hold for the long term, even if you might not be there to enjoy the harvest, your children will.

[Hardyrobust]

I disagree with you buddy because a person need money at any age and if you are saying 70 years old has to stop investing because of age factor

There are no age limits to invest in bitcoin[/b]. It doesn't matter whether you are in your 70s or above so long as you are healthy and has discretionary income available, you can invest in bitcoin.

Bitcoin investment is open to everyone irrespective of age, race or profession. There are people who are in their old age that are ongoing accumulating bitcoin. They may not have as much time to accumulate bitcoin as young people do but they can still accumulate a large stash of it before they grow weaker so there children can inherit it when they are gone. The fact that you are old shouldn't stop you from investing in bitcoin, so start investing while you still can using your discretionary income and hold for the long term, even if you might not be there to enjoy the harvest, your children will.

  Age is an important factors that needs to be considered while investing in bitcoin for a long term. You made mention of people that are old that are seriously accumulating bitcoin but neglect the time factor, how long they are to hold since they are already old. For people who are still at the age of 30 and above holding bitcoin may not be an issue compared to someone that is already in his 70s. There are ages that you may reach holding bitcoin for like 10years or more may not be that easy. Also at old age health issues may also become a problem because as people get old their health tend to depreciate. For someone that is already 70+,  age is an important while factor to be considered while buying bitcoin.

[abaeze]

  Age is an important factors that needs to be considered while investing in bitcoin for a long term. You made mention of people that are old that are seriously accumulating bitcoin but neglect the time factor, how long they are to hold since they are already old. For people who are still at the age of 30 and above holding bitcoin may not be an issue compared to someone that is already in his 70s. There are ages that you may reach holding bitcoin for like 10years or more may not be that easy. Also at old age health issues may also become a problem because as people get old their health tend to depreciate. For someone that is already 70+,  age is an important while factor to be considered while buying bitcoin.

Most of the billionaires in the world are older and all are investing. Their investment style and risk-taking ability are different from that of a 30-35 year old person. If a 30 year old person has debt, no emergency fund and needs money for his career, marriage, and buying a house, then long-term Bitcoin investment can be risky for him too. On the other hand, a 70-72 year old person has sufficient pension, savings, emergency fund, and other assets. He does not need to sell Bitcoin to meet his daily expenses. He can invest long-term for himself and his heirs too. There will be risks in building wealth or investing long-term, but one should not consider age as the main/big risk and hold back from investing. Because investing is not only for oneself but should be made in an investment that benefits oneself and the next generation as well. So it may be reasonable for a 72 year old person to hold Bitcoin for the long term, because the most important thing in investing is having money and the ability to bear risk.