JJG’s Outline of Bitcoin Investment Ideas

[ruykeri]

Yes, it's true that both trading and investing are not the same, but however, we can't disprove the fact that both have unique similarities, and the need for risk management is one similarity both investing and trading have in common, including the fact that everybody who goes into the two do so with the goal of making profits, and likewise it both involves the risk of financial loss. So he bringing in "Risk management" was not a misconception or neither was he trying to mislead newbies in any way.

Investors and traders are not similarly in anyway. They are different people with different views as regarding bitcoin. Risk management applies in any form of investment we are doing, be it bitcoin or any other form of investment, that alone cannot make investors and traders similar. I don’t know how someone who see bitcoin as commodity and someone who see bitcoin as an asset that is worth holding for life, are similar to each other. Investors are looking for ways to increase their portfolio, while the other party are looking for every possible opportunity to sell. Investors are long term holders, traders are short term holders. In reality investors and traders are like parallel lines, their views about bitcoin can never be the same.

You are right. The main difference between investing in bitcoin and trading is how long the person is buying bitcoin for. A trader usually tries to profit from the short term price movement of bitcoin. The main purpose of a bitcoin investor is to gradually build bitcoin holdings according to his financial capacity or buy bitcoin with a large amount and hold it for a long time. And this is why a trader gives a lot of importance to the volatility of short term . But an investor does not worry much about the short term movement of the market. An investor continues to invest in bitcoin regularly even if the amount is small. During this period, he does not think about profiting from bitcoin. He regularly dca in bitcoin with a long term mindset for financial security in the future. On the other hand, a trader might buy bitcoin for $1,000 and sell it after the price increases by 10%. Now he is waiting for the price to fall again to buy bitcoin. A trader and an investor can buy the same bitcoin, but who will actually profit depends on the plan and decision to buy that bitcoin. Even if you think logically, investing in a volatile asset like bitcoin for a long time increases the chances of profit. And whose past history proves this. So it is not being believed blindly.

[Female King]

How many times do I have to repeat that he ONLY needs discretionary income to get started, but you want to pollute this thread with vague assertions that he needs to know other things about wallets and vague ideas of "basic knowledge" that you don't even define before he can get started?

Why can't the beginner bitcoiner decide on his own whether he can start or not based on his having discretionary funds?

Why most people do stay on the sidelines forever, is the over complicating of the start.

One don’t need to master everything all, to buy your first $10! Your aren’t expected to master economic models,wallet security theory or even charts.

The possibility which the lack of technical knowledge will ever stop people from building wealth, overthinking stops far more than a lack of knowledge will ever.
When a user have paid off his/her basic need off and has spare cash left, practice teaches faster than reading theory for months, buying a small piece of bitcoin will teach you way far than a theory will do. This because action really builds understanding, this practical is just as simple…. You spare cash in …. You hold and you learn through all this processes as you grow.

That belief of getting everything perfectly before buying first bitcoin, still keeping many people behind till today. They don’t realize that the longer they wait to know bitcoin perfectly, the more they keep missing many opportunities and keep moving their starting point. because bitcoin investment is not what a serious investor will be looking at chart all the time thinking that the next moment may favor them. people need to understand this this, especially new investor who think buying on dips is the best approach. That’s not, the best approach is to start with little you have, after taking care of your basic needs, building bitcoin gradually with discretionary income is the best approach.

We should still understand that buying the dip isn't bad, when we want to explain anything we should make it in a way that people will understand, the dip is already in the circle of bitcoin, bitcoin is volatile which means it price can go up and still drop down whereas any one using the dca strategy will meet up with the dip and buy so we can't say it's a wrong approach because such investor bought the dip, but it can be said that waiting for the dip before buying is not the best approach because they are waiting for what they are not sure about and by so doing they miss out more buying opportunity in the market.

Buying the dip isn't bad rather waiting for the dip is what that is bad.

[MusaPk]

For sure, guys can work hard, and also figure out in which category (hypothetical) they fit, and it takes time to move from categories 13-15 and into categories 10-12, and we really cannot change our starting points, even though there could be ways that we work on our own systems to try to change our locations while we are in them, so yeah, with time, we might find ourselves in categories that we had not expected to find ourselves based on our recognizing where we are at and recognizing where we would prefer to try to get.

We cannot change our starting points but we can work hard to change our position in the future. If someone is from Hypo-15 (newbie BTC investor who came into bitcoin without any kind of investment portfolio) and he can only afford to invest 100$ per week into Bitcoin then he can move into Hypo-12 (1.25-years BTC investor who came into bitcoin without any kind of investment portfolio) provided he stay consistent by spending 100$ per week into Bitcoin for 1.25 year. After 1.25 years, he can have understanding that if he keep on investing 100$ per week into Bitcoin then he need to continue investing for next 10-15 years before he starts to feel that he has a decent number of Bitcoins. He also has realisation that he needs to increase the amount he is spending in Bitcoin to have good number of Bitcoin in his portfolio in future and for that he will look for ways to increase his discretionary income.

More on Hypo's here.  

[As-Soon-As]

You should have a proper idea about investing in Bitcoin, how you will invest and how to sustain it for a long time, it is enough to follow this strategy. Yes, a new person should not waste his time to know everything about Bitcoin, but he should invest in Bitcoin along with investing.

There is no need of having a proper Idea about bitcoin since you need just your discretionary income to invest. Where you should need a proper Idea is to manage your income properly and figure out your discretionary income, because without your discretionary income, you can't invest in bitcoin. The time and energy you'll spend to have a proper knowledge about bitcoin should instead be focus on securing an additional source of discretionary income as this will increase your discretionary allocation and help you build a substantial stash over time.

Bitcoin investment certainly requires a reasonable income, but even then it is very reasonable for us to add some additional strategies such as building an emergency fund. We should definitely consider this situation. To be successful in Bitcoin investment, we must be patient, but a new investor can invest in Bitcoin freely.
If he can invest in Bitcoin using his income in a new situation, then this will be the best for him, patience is definitely the most important thing for Bitcoin investment.

[Sobz]

Bitcoin investment certainly requires a reasonable income, but even then it is very reasonable for us to add some additional strategies such as building an emergency fund. We should definitely consider this situation. To be successful in Bitcoin investment, we must be patient, but a new investor can invest in Bitcoin freely.
If he can invest in Bitcoin using his income in a new situation, then this will be the best for him, patience is definitely the most important thing for Bitcoin investment.

Reasonable income meaning something big but this is not correct because having a reasonable doesn't determine one can invest in bitcoin. No matter the income one is earning it can still be invested in Bitcoin.  You only need the amount you can afford to lose to invest in Bitcoin and not a reasonable amount.  If you say a reasonable amount is meeded to invest in Bitcoin, this can mislead low earners from investing in bitcoin. So far as one is able to generate discretionary income from their income it is possible to invest Bitcoin. Bitcoin investment is not meant for only those who earn big but also for low earners to use the DCA strategy to accumulate bitcoin.

[Ruttoshi]

If he can invest in Bitcoin using his income in a new situation, then this will be the best for him, patience is definitely the most important thing for Bitcoin investment.

A new investor needs his discretionary income to invest into bitcoin and not his income because your income is to take care of your basic needs and monthly expenses. Any leftover is what should be used to invest into bitcoin so that, you don't end up using money for your basic needs to buy bitcoin and when your needs arises at that time bitcoin price id below your entry point, you sell at loss. It's not all income that has discretionary income.

This is why you must first figure out your discretionary income before investing into bitcoin. Patience is important but the most important is your discretionary income because if you don't have discretionary income, you cannot invest.

[Jostern]

Bitcoin investment certainly requires a reasonable income, but even then it is very reasonable for us to add some additional strategies such as building an emergency fund. We should definitely consider this situation. To be successful in Bitcoin investment, we must be patient, but a new investor can invest in Bitcoin freely.
If he can invest in Bitcoin using his income in a new situation, then this will be the best for him, patience is definitely the most important thing for Bitcoin investment.

Bitcoin investment certainly doesn’t need a reasonable amount of income before you can get started with investing in bitcoin, as you’re not investing from your income, rather you’re investing from your discretionary income leftover money, however I don’t really know how much income you classify as reasonable, you don’t need to have all the money in the world before you can start buying and investing in bitcoin, as small as your discretionary income you can buy from the DCA, the most important thing is that you’ve a discretionary income to invest in bitcoin, considering that you’ don’t have a huge amount of discretionary income you can stick with buying through the DCA and then try increasing your cashflow as you keep investing, to also enable you to increase your amount of accumulation, but as a beginner you have a discretionary income you can buy small small and staying consistent.

[Cyber_warrior]

Bitcoin investment certainly requires a reasonable income, but even then it is very reasonable for us to add some additional strategies such as building an emergency fund. We should definitely consider this situation. To be successful in Bitcoin investment, we must be patient, but a new investor can invest in Bitcoin freely.
If he can invest in Bitcoin using his income in a new situation, then this will be the best for him, patience is definitely the most important thing for Bitcoin investment.

Bitcoin investment certainly doesn’t need a reasonable amount of income before you can get started with investing in bitcoin, as you’re not investing from your income, rather you’re investing from your discretionary income leftover money, however I don’t really know how much income you classify as reasonable, you don’t need to have all the money in the world before you can start buying and investing in bitcoin, as small as your discretionary income you can buy from the DCA, the most important thing is that you’ve a discretionary income to invest in bitcoin, considering that you’ don’t have a huge amount of discretionary income you can stick with buying through the DCA and then try increasing your cashflow as you keep investing, to also enable you to increase your amount of accumulation, but as a beginner you have a discretionary income you can buy small small and staying consistent.

You certainly need an income to get a discretionary income. You are right, you don’t need much before investing in Bitcoin, these very reason have made some people delay their investing in bitcoin. You can’t delay your investing in bitcoin so long you have a discretionary income, no matter how small, so long it enough to buy any amount of bitcoin, the you should get started.

DCA is the best to invest with, just get a discretionary income and you can begin your investment. Sometimes we do get our discretionary income from other means, like wins from gambling, monetary gifts, winning of lotto and so many other ways. So you don’t need a reasonable fee to begin your investment, just have a discretionary income no matter how small and begin your journey.

[obuoma]

There is no need of having a proper Idea about bitcoin since you need just your discretionary income to invest. Where you should need a proper Idea is to manage your income properly and figure out your discretionary income, because without your discretionary income, you can't invest in bitcoin. The time and energy you'll spend to have a proper knowledge about bitcoin should instead be focus on securing an additional source of discretionary income as this will increase your discretionary allocation and help you build a substantial stash over time.

Bitcoin investment certainly requires a reasonable income, but even then it is very reasonable for us to add some additional strategies such as building an emergency fund. We should definitely consider this situation. To be successful in Bitcoin investment, we must be patient, but a new investor can invest in Bitcoin freely.
If he can invest in Bitcoin using his income in a new situation, then this will be the best for him, patience is definitely the most important thing for Bitcoin investment.

Bitcoin investment can be started with little income and the investor can build from that. We don't have to make it too scary to start investing in Bitcoin when the DCA strategy is there to help even low income earner to be able to start with the least amount they can comfortably invest in Bitcoin after sorting out their basic needs. We don't also have to make it look like only the rich can invest in Bitcoin, because that is not true, Bitcoin is for everyone that is able to have some discretionary income which is what is needed to be able to safely start a Bitcoin portfolio.

[obuoma]

There is no need of having a proper Idea about bitcoin since you need just your discretionary income to invest. Where you should need a proper Idea is to manage your income properly and figure out your discretionary income, because without your discretionary income, you can't invest in bitcoin. The time and energy you'll spend to have a proper knowledge about bitcoin should instead be focus on securing an additional source of discretionary income as this will increase your discretionary allocation and help you build a substantial stash over time.

Bitcoin investment certainly requires a reasonable income, but even then it is very reasonable for us to add some additional strategies such as building an emergency fund. We should definitely consider this situation. To be successful in Bitcoin investment, we must be patient, but a new investor can invest in Bitcoin freely.
If he can invest in Bitcoin using his income in a new situation, then this will be the best for him, patience is definitely the most important thing for Bitcoin investment.

Bitcoin investment can be started with little income and the investor can build from that. We don't have to make it too scary to start investing in Bitcoin when the DCA strategy is there to help even low income earner to be able to start with the least amount they can comfortably invest in Bitcoin after sorting out their basic needs. We don't also have to make it look like only the rich can invest in Bitcoin, because that is not true, Bitcoin is for everyone that is able to have some discretionary income which is what is needed to be able to safely start a Bitcoin portfolio.

[Queen uloma]

How many times do I have to repeat that he ONLY needs discretionary income to get started, but you want to pollute this thread with vague assertions that he needs to know other things about wallets and vague ideas of "basic knowledge" that you don't even define before he can get started?

Why can't the beginner bitcoiner decide on his own whether he can start or not based on his having discretionary funds?

Why most people do stay on the sidelines forever, is the over complicating of the start.

One don’t need to master everything all, to buy your first $10! Your aren’t expected to master economic models,wallet security theory or even charts.

The possibility which the lack of technical knowledge will ever stop people from building wealth, overthinking stops far more than a lack of knowledge will ever.
When a user have paid off his/her basic need off and has spare cash left, practice teaches faster than reading theory for months, buying a small piece of bitcoin will teach you way far than a theory will do. This because action really builds understanding, this practical is just as simple…. You spare cash in …. You hold and you learn through all this processes as you grow.

That belief of getting everything perfectly before buying first bitcoin, still keeping many people behind till today. They don’t realize that the longer they wait to know bitcoin perfectly, the more they keep missing many opportunities and keep moving their starting point. because bitcoin investment is not what a serious investor will be looking at chart all the time thinking that the next moment may favor them. people need to understand this this, especially new investor who think buying on dips is the best approach. That’s not, the best approach is to start with little you have, after taking care of your basic needs, building bitcoin gradually with discretionary income is the best approach.

We should still understand that buying the dip isn't bad, when we want to explain anything we should make it in a way that people will understand, the dip is already in the circle of bitcoin, bitcoin is volatile which means it price can go up and still drop down whereas any one using the dca strategy will meet up with the dip and buy so we can't say it's a wrong approach because such investor bought the dip, but it can be said that waiting for the dip before buying is not the best approach because they are waiting for what they are not sure about and by so doing they miss out more buying opportunity in the market.

Buying the dip isn't bad rather waiting for the dip is what that is bad.

I see nothing wrong with buying the dip because it’s part of bitcoin volatility. Bitcoin price doesn’t move in a particular direction always, it can go up today and drop tomorrow. Anyone that uses DCA strategy will surely experience price drops and buy at a different prices, so we can’t say buying the did is a wrong approach.

The major problem here is when people wait for dip before investing, why I said so is because nobody can predict when the dip will happen or how far the price will drop. Personally for me, buying the dip isn’t bad but making dip your option before investing can make you miss out on the market.

[Brizi5000]

Bitcoin investment certainly requires a reasonable income,

In bitcoin investment, people invest according to their level of income and financial risk tolerance so what you might be seeing as a reasonable income might not be reasonable for another person and what you might see as a non reasonable income might be what is reasonable for another individual. But the truth remains that we don’t need a reasonable income to start investing in bitcoin, what we need is just a discretionary income.

If he can invest in Bitcoin using his income

It has been said time without numbers here that the cash to use and invest in bitcoin is a discretionary income and not just income because the fact that someone have an income doesn’t mean he has a discretionary income. You don’t invest with all your income, what to do when an investor receives an income is to first sort out his basic needs and the remaining cash left with him which is the discretionary income should be used for bitcoin investment.

[Homemade-IQ]

Bitcoin investment certainly requires a reasonable income

You don't have to be earning in millions or thousands before you invest in bitcoin and be successful, because all you just have to do is to figure out your discretionary income, and once you can figure it out, then you can invest by buying and accumulating from there consistently.

If he can invest in Bitcoin using his income in a new situation, then this will be the best for him,

You are wrong with this statement, because investment in Bitcoin is best done from our discretionary income, not from our basic income as you are saying.

[Obari]

Bitcoin investment certainly requires a reasonable income

You don't have to be earning in millions or thousands before you invest in bitcoin and be successful, because all you just have to do is to figure out your discretionary income, and once you can figure it out, then you can invest by buying and accumulating from there consistently.

If he can invest in Bitcoin using his income in a new situation, then this will be the best for him,

You are wrong with this statement, because investment in Bitcoin is best done from our discretionary income, not from our basic income as you are saying.

Exactly and I believe one does not have to be earning in millions before they can be able to invest in bitcoin but I will not be able to blame anyone who doesn't invest especially if such user is from my country because in my country as we speak people are just looking for ways to survive through this economy but in all, the DCA method makes room for everyone who truly wants to invest in bitcoin.

[Tongley]

Bitcoin investment certainly requires a reasonable income, but even then it is very reasonable for us to add some additional strategies such as building an emergency fund. We should definitely consider this situation. To be successful in Bitcoin investment, we must be patient, but a new investor can invest in Bitcoin freely.
If he can invest in Bitcoin using his income in a new situation, then this will be the best for him, patience is definitely the most important thing for Bitcoin investment.

It is always a good idea to buy using discretionary income sources and we need to always continue investing through discretionary income. The first important step is to meet our own needs. If a person invests from his income source, he can invest the required amount of money, and that person may need that amount of money before the end of the period.

First of all, it is necessary to meet our needs and the amount of money that remains after meeting the needs is our discretionary income source. If a person invests outside the discretionary income and if that amount of money is needed, then he will definitely have to sell it and if at that time the price of Bitcoin is less than his purchase price, then he will have to face a loss and sell it, which is not the right decision at all. So use such an amount of money that you will not need in the long term and even if you face a loss, it will not affect your financial situation, this amount of money is the source of discretionary income.

[KawasakiNinja1_]

You should have a proper idea about investing in Bitcoin, how you will invest and how to sustain it for a long time, it is enough to follow this strategy. Yes, a new person should not waste his time to know everything about Bitcoin, but he should invest in Bitcoin along with investing.

There is no need of having a proper Idea about bitcoin since you need just your discretionary income to invest. Where you should need a proper Idea is to manage your income properly and figure out your discretionary income, because without your discretionary income, you can't invest in bitcoin. The time and energy you'll spend to have a proper knowledge about bitcoin should instead be focus on securing an additional source of discretionary income as this will increase your discretionary allocation and help you build a substantial stash over time.

Bitcoin investment certainly requires a reasonable income, but even then it is very reasonable for us to add some additional strategies such as building an emergency fund. We should definitely consider this situation. To be successful in Bitcoin investment, we must be patient, but a new investor can invest in Bitcoin freely.
If he can invest in Bitcoin using his income in a new situation, then this will be the best for him, patience is definitely the most important thing for Bitcoin investment.

The first thing you should know is that Bitcoin investment requires a discretionary income but we all know that a reasonable income for Bitcoin investment means an amount of income or income that is basically a reasonable income level in line with the cost of living, inflation and social reality. All speculations aside if you have a source of income that easily generates discretionary income then that amount of money seems to be enough to invest in bitcoins, though it depends on the individual's decision and earning capacity. I agree with you on this point that patience is needed to create a sustainable investment strategy and keep bitcoin investments for a long time, my idea is everyone should keep this in mind, that a new investor needs financial planning, common sense, and the right strategy to invest in Bitcoin independently.

[Positive_mind]

Bitcoin investment certainly requires a reasonable income,

In bitcoin investment, people invest according to their level of income and financial risk tolerance so what you might be seeing as a reasonable income might not be reasonable for another person and what you might see as a non reasonable income might be what is reasonable for another individual. But the truth remains that we don’t need a reasonable income to start investing in bitcoin, what we need is just a discretionary income.

If he can invest in Bitcoin using his income

It has been said time without numbers here that the cash to use and invest in bitcoin is a discretionary income and not just income because the fact that someone have an income doesn’t mean he has a discretionary income. You don’t invest with all your income, what to do when an investor receives an income is to first sort out his basic needs and the remaining cash left with him which is the discretionary income should be used for bitcoin investment.

This point is undoubtedly where most newbies mistake it or get it wrong while trying to invest in Bitcoin. You have an income, which doesn't automatically mean it's investment money, but your discretionary income is.

For instance, let's say you're earning $5000 a month, whereas your bills would take up about $4500, and you would have $500 left. In this case, you have only $500 discretionary income to invest and not $3000, $2000, or $1000 out of that $5k. Whereas in another case, let's say your friend is earning $1500 in a month and his bills take about $500, and he will be left with $1000. Now the person who earns $5000 seems richer on paper, but the one that earns $1500 and spends $500 has more investment capacity in a reality in this case.

Therefore, when it comes to investment, comparing income can be misleading sometimes, but rather we should be focused on what is left over after our bills.
One good thing about using a discretionary income is that it will protect your investment, in the sense that you won't panic sell your Bitcoin when you invest with such money because you have sorted every one of your bills while using what is left over.

Secondly, when it comes to the DCA approach with a discretionary income, you don't need to be a rich person to invest in Bitcoin; the small amount left can do wonders. Let's say you have $20 left. In a year, you have been able to invest $240 plus if you choose a month, and if it's a week, $1000 plus.