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Author Topic: JJG’s Outline of Bitcoin Investment Ideas  (Read 78508 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (8 posts by 8+ users deleted.)
ChocolateBitcoinK
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November 09, 2026, 05:22:45 PM
 #7401

I get your point about how emergency funds is in every investment, but don’t make it sound like a must, there are people who go into investment without having emergency funds.
Are you proclaiming that it is not a must for Bitcoin investors to have emergency funds? you can say it is not a must to have it before you start your Bitcoin accumulation, but once you start your Bitcoin accumulation journey, it is expected of you to build your emergency fund along side with your Bitcoin portfolio, and it is a must if you really want to safeguard your Bitcoin investment, not doing this is like shooting yourself on the foot cause emergencies occurrences takes place unexpectedly and as investors we are to prepare for it, I'm sure  you now know that emergency funds is a must and very necessary.

You are absolutely correct, the fact that we don't need emergency funds before kick starting our Bitcoin investment doesn't mean we don't need it in our investment  so anyone who is thinking we don't need emergency funds at all definitely doesn't know what he or she is saying and it probably means they lack some knowledge about the whole idea of Bitcoin investment. Emergency funds is more like a house foundation, if the foundation is not good enough the building will definitely collapse in a little period of time.
The importance of emergency funds in Bitcoin investment is very high. If the emergency funds are not ready, then there is no need to prepare an emergency fund before starting the investment, rather, starting the investment and creating an emergency fund can be done together, and this is what should be done, if both should be started together, then you will not be left behind in any way. But there is a misconception among people that if an emergency fund is not needed to start investing, then maybe they do not need to create an emergency fund, which is a completely wrong idea. Maybe it will work even if there is no emergency fund to start investing, but the importance of an emergency fund never ends, rather the main thing is to create an emergency fund as soon as possible after starting the investment. If you do not have any options for unexpected situations, then in the end, your investment may face losses in that unexpected situation, and in order to keep the investment stable in any situation, you must have an emergency fund ready. Not only do you have to invest, but you also have to take all kinds of measures to keep the investment safe.

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November 09, 2026, 05:23:19 PM
 #7402

I get your point about how emergency funds is in every investment, but don’t make it sound like a must, there are people who go into investment without having emergency funds.

Having an emergency funds is a must, if you want your Bitcoin investment to be successful, because sooner or later emergency may pop up, and if you don't have it in place to protect your investment, you are going to sell or temper with your investment, so it's a must, if you are not rich, because it's only the rich that can afford to invest in Bitcoin without having an emergency funds, since they have asset, rich friends, Uncle, auntie and colleagues that can come for their aid if they find themselves in any emergency situation that threatens their investment, but if you are not rich, then having it is a must for the survival of your Bitcoin investment.
In fact it would be wrong to say that rich people do not have emergency funds. The assets or savings of rich and wealthy people that are stay idle will work as a backup fund. They do not have to create a separate fund. But a person who does not have any assets but is interested in investing and has some extra money left after spending can invest in bitcoin with that discretionary income. And since he does not have anything extra saved as a backup fund he should not invest in bitcoin with the entire discretionary fund but create an emergency fund with some amount. If the fund is created for 3 to 6 months of expenses then the DCA amount can be increased. Emergency fund is not only useful in emergency moments but it also protects a person from panic selling. It helps the investor to stay calm during the volatility of bitcoin price. And in  bitcoin investment it helps to have the mindset of accumulation for a long time.

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November 09, 2026, 05:44:19 PM
 #7403


Purchasing an account from a proprietary trading firm can be a sound investment in the cryptocurrency space.
For a relatively modest sum, you can acquire an account with a very substantial balance.
If you trade prudently, you can recoup your initial investment within one to two weeks.
Furthermore, trading under strict conditions encourages a more disciplined approach, prompting traders to analyze their positions with greater care.
   

Did you actually go through the discussion of the thread? the Topic says JJG'S Outline of bitcoin investment idea and not trading idea which should tell you that majority of folks in here want to invest in bitcoin and not to trade bitcoin. The investment is bitcoin investment and not cryptocurrencies because using the vague term cryptocurrency could refer to many shitcoins  so let us be careful not to associate bitcoin among shitcoins. It is advisable for newbies to focus on regular accumulation of bitcoin to enable them reach their accumulation target or perhaps over accumulation and hold for long term gains. with the dca strategy of investment in bitcoin they dont need to stress themselves over market analysis, what they only need to do is to figure out a discretionary income and buy bitcoin at any market price either weekly or monthly basis depending on how their income flows.

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November 09, 2026, 06:04:12 PM
 #7404

I get your point about how emergency funds is in every investment, but don’t make it sound like a must, there are people who go into investment without having emergency funds.

Having an emergency funds is a must, if you want your Bitcoin investment to be successful, because sooner or later emergency may pop up, and if you don't have it in place to protect your investment, you are going to sell or temper with your investment, so it's a must, if you are not rich, because it's only the rich that can afford to invest in Bitcoin without having an emergency funds, since they have asset, rich friends, Uncle, auntie and colleagues that can come for their aid if they find themselves in any emergency situation that threatens their investment, but if you are not rich, then having it is a must for the survival of your Bitcoin investment.
Failure to set up an emergency funds as an investor to backup our investment holdings is like subscribing to failure since emergency situations are inevitable and can barely be avoided. However, this fact can't be negotiable not for anything as long as bitcoin investment is concern. Furthermore, you aren't setting it in place for fancy or for formality purposes but to have your asset secured. Because when real live problem comes, like unplanned sickness, unexpected movement that you must make and other unplanned situations that may arise that you will need to attend to then you will understand the need for it that it wasn't just mentioned for child's play.

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November 09, 2026, 06:07:34 PM
 #7405


Purchasing an account from a proprietary trading firm can be a sound investment in the cryptocurrency space.
For a relatively modest sum, you can acquire an account with a very substantial balance.
If you trade prudently, you can recoup your initial investment within one to two weeks.
Furthermore, trading under strict conditions encourages a more disciplined approach, prompting traders to analyze their positions with greater care.
   

Did you actually go through the discussion of the thread? the Topic says JJG'S Outline of bitcoin investment idea and not trading idea which should tell you that majority of folks in here want to invest in bitcoin and not to trade bitcoin. The investment is bitcoin investment and not cryptocurrencies because using the vague term cryptocurrency could refer to many shitcoins  so let us be careful not to associate bitcoin among shitcoins. It is advisable for newbies to focus on regular accumulation of bitcoin to enable them reach their accumulation target or perhaps over accumulation and hold for long term gains. with the dca strategy of investment in bitcoin they dont need to stress themselves over market analysis, what they only need to do is to figure out a discretionary income and buy bitcoin at any market price either weekly or monthly basis depending on how their income flows.
I believe that the difference between investing in Bitcoin and trading is very important, particularly when it comes to beginner's tactics. If a person intends to buy and hold Bitcoin as a long-term investment, there is really no reason for that person to watch every market fluctuation.

DCA simplifies the process, as the investor can buy Bitcoin at regular intervals using part of their disposable income. This takes the guesswork out of finding the optimal entry point. It is important to note, however, that regular accumulation should not take away from primary expenses or savings for an emergency.

One thing I'd add is that DCA isn't a free pass to ignore market intelligence. You still need to know Bitcoin, wallet security, the risk of self-custody, etc. The difference being that your aim should be to develop a habit of investing in Bitcoin rather than accumulating Bitcoin for the sake of accumulating without knowing what you have.
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November 09, 2026, 06:41:59 PM
 #7406

They actually have a different mindset, and traders have a mindset of wanting to make quick money compared to those who do not want to trade. They will have to go into buying and then holding, and there is nothing wrong with doing both trading and also holding for a long time, and another thing now is that those who want to invest and hold for a very long time, then you will have to do DCA, and then you will use your discretionary income so everything have to come from them.

And you can keep some portion of Bitcoin and then also trade, and you don't need to do too much when it comes to trading, and once your bills are settled, then the remaining money can be used for something serious because most people don't even know what to do.

What are you teaching newbie here? To invest in Bitcoin and at same time trade some of their Bitcoin? Well, that is not a good one if you ask me and it is not a good practice because trading can distract so easily because it has to do with psychology, so imagine a newbie whose psychology is not built or strong enough to handle losses what do you think will happen? Of course they will temper with their portfolio to trade to recover what they have lost not knowing they are about donating money to the market by giving the market the liquidity needed. Note: don't invest and trade at same time it's no good practice.
This is the reason why emergency fund is very important for every investors and while also investing, investors should not neglect the voice of investing with your discretionary income, and is like most of the folks here, are yet to understand that the reason why it is necessary to sort out your discretionary income and strictly invest with your discretionary income only, then the remaining of incomes, investors should be able to use it and settle all the necessary things that could make you trade your investments while you are still on your accumulation stages as an investors, so i can not advice any investors to engage on trading and as well as holding, because like i said earlier,  the ability of sorting out your discretionary income and emergency fund have stopped any investors that has initiated emergency fund from the early stages of his buying of Bitcoin from gambling with his investments.

R


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November 09, 2026, 06:43:09 PM
 #7407

I get your point about how emergency funds is in every investment, but don’t make it sound like a must, there are people who go into investment without having emergency funds.
I don't think you know what you are saying otherwise you won't make such a refuting statement about the necessity of having an emergency fund. Don't you know such statement could mislead a newbie not to build his/her emergency fund alongside his /her bitcoin investment if they stumble upon your statement? You could as well not build your emergency fund alongside your bitcoin investment since that's your decision, when the result for your ignorant begin to manifest, it is you who will suffer the consequences alone but don't make it look as if building an emergency fund is not mandatory.

Yes, you are right that it not mandatory for the rich to build their emergency fund to protect their investment from emergencies as they can easily sell any of their assets or call on their rich family or friends for help but this doesn't apply for every investors. This is because, it is not every investors who has rich families to turn to when they are in need of an emergency assistance. So any investor who doesn't fit into this category (rich) then, they must build their emergency fund alongside their bitcoin investments to protect their investments from emergencies.

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Lembo69
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November 09, 2026, 07:39:19 PM
 #7408

I get your point about how emergency funds is in every investment, but don’t make it sound like a must, there are people who go into investment without having emergency funds.
I don't think you know what you are saying otherwise you won't make such a refuting statement about the necessity of having an emergency fund. Don't you know such statement could mislead a newbie not to build his/her emergency fund alongside his /her bitcoin investment if they stumble upon your statement? You could as well not build your emergency fund alongside your bitcoin investment since that's your decision, when the result for your ignorant begin to manifest, it is you who will suffer the consequences alone but don't make it look as if building an emergency fund is not mandatory.

Yes, you are right that it not mandatory for the rich to build their emergency fund to protect their investment from emergencies as they can easily sell any of their assets or call on their rich family or friends for help but this doesn't apply for every investors. This is because, it is not every investors who has rich families to turn to when they are in need of an emergency assistance. So any investor who doesn't fit into this category (rich) then, they must build their emergency fund alongside their bitcoin investments to protect their investments from emergencies.
I think it would be a stretch to say that an emergency fund is not important at all. Because it is important to emphasize that a person should invest within their discretionary funds, so if they invest in Bitcoin with a low level of supporting funds, their investment will be at risk and they may have to sell Bitcoin at any time for their emergency. Yes, of course, it is true that an investor can start buying Bitcoin at any time, there is no problem in that, but from my point of view, having zero supporting funds is absolutely risky. Therefore, there must be an acceptable level of supporting funds.

Remember that your emergency fund is your friend in danger. If you ever face an unexpected danger, you will understand the role of an emergency fund. However, I think an investor should definitely keep an emergency fund, and its amount should not be so small that it cannot protect an investor from any imminent decrease in his income and increase in expenses.

No matter how much an investor thinks that his Bitcoin investment will be safe without an emergency fund, he is definitely doing something stupid. Please do not make your personal opinion so strong that it would cause a new investor to put their investment at risk because of you.

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November 09, 2026, 09:39:26 PM
 #7409

Failure to set up an emergency funds as an investor to backup our investment holdings is like subscribing to failure since emergency situations are inevitable and can barely be avoided. However, this fact can't be negotiable not for anything as long as bitcoin investment is concern. Furthermore, you aren't setting it in place for fancy or for formality purposes but to have your asset secured. Because when real live problem comes, like unplanned sickness, unexpected movement that you must make and other unplanned situations that may arise that you will need to attend to then you will understand the need for it that it wasn't just mentioned for child's play.

To invest in Bitcoin, you definitely need to build an emergency fund, apart from the emergency fund, you need to follow other strategies that will help you keep your Bitcoin investment for a long time. For example, you need to be patient, you cannot buy Bitcoin aggressively. You need to follow more strategies that if you follow the rules, you will be able to move yourself forward towards the future, circumstances will never fix you, but you have to be in the circumstances of time.
So in Bitcoin investment, it will be the best to keep yourself calm and move towards the future by buying Bitcoin.

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November 09, 2026, 10:30:22 PM
 #7410


Purchasing an account from a proprietary trading firm can be a sound investment in the cryptocurrency space.
For a relatively modest sum, you can acquire an account with a very substantial balance.
If you trade prudently, you can recoup your initial investment within one to two weeks.
Furthermore, trading under strict conditions encourages a more disciplined approach, prompting traders to analyze their positions with greater care.
   

Whether a person trade prudently or otherwise there's no guarantee that the person would succeed so don't even waste your time in trying to get people to join trading or making trading look like something that is simple, and if you ask  me I would say the time of trading has passed because I barely see people talk about trading like before, perhaps they must have figured out that Long term investment is the best so they have all switched to long term investment and as you can see that's where we all in interested in. Why don't you give long term investment a trial I guess you would love it.

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Today at 04:13:41 AM
 #7411

They actually have a different mindset, and traders have a mindset of wanting to make quick money compared to those who do not want to trade. They will have to go into buying and then holding, and there is nothing wrong with doing both trading and also holding for a long time, and another thing now is that those who want to invest and hold for a very long time, then you will have to do DCA, and then you will use your discretionary income so everything have to come from them.

And you can keep some portion of Bitcoin and then also trade, and you don't need to do too much when it comes to trading, and once your bills are settled, then the remaining money can be used for something serious because most people don't even know what to do.
What are you teaching newbie here? To invest in Bitcoin and at same time trade some of their Bitcoin? Well, that is not a good one if you ask me and it is not a good practice because trading can distract so easily because it has to do with psychology, so imagine a newbie whose psychology is not built or strong enough to handle losses what do you think will happen? Of course they will temper with their portfolio to trade to recover what they have lost not knowing they are about donating money to the market by giving the market the liquidity needed. Note: don't invest and trade at same time it's no good practice.

Of course, this thread is about investing and not trading, and many of us recognize that there are a certain number of guys who are going to trade, gamble and/or get sucked into shitcoins.

I tend to recommend against all of those, while at the same time suggesting that if guys cannot help themselves in their temptations to trade, gamble and/or shitcoin, then perhaps they should limit their trading/gambling/shitcoining to no more than 10% the size of their total bitcoin time, energies and value. 

Yes.. I understand that gamblers have difficulties controlling themselves, but you never know, there could be some guys who are able to transition successfully from their gambling habits (and practices) and into habits of investing.  Sometimes miracles can happen (with some efforts and perhaps guidelines?).

1) Self-Custody is a right.  Resist being labelled as: "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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Today at 05:51:24 AM
Last edit: Today at 06:03:47 AM by Just Say
 #7412

Failure to set up an emergency funds as an investor to backup our investment holdings is like subscribing to failure since emergency situations are inevitable and can barely be avoided. However, this fact can't be negotiable not for anything as long as bitcoin investment is concern. Furthermore, you aren't setting it in place for fancy or for formality purposes but to have your asset secured. Because when real live problem comes, like unplanned sickness, unexpected movement that you must make and other unplanned situations that may arise that you will need to attend to then you will understand the need for it that it wasn't just mentioned for child's play.

To invest in Bitcoin, you definitely need to build an emergency fund, apart from the emergency fund, you need to follow other strategies that will help you keep your Bitcoin investment for a long time. For example, you need to be patient, you cannot buy Bitcoin aggressively. You need to follow more strategies that if you follow the rules, you will be able to move yourself forward towards the future, circumstances will never fix you, but you have to be in the circumstances of time.
So in Bitcoin investment, it will be the best to keep yourself calm and move towards the future by buying Bitcoin.

Bitcoin investment should be started with your discretionary income so instead of worrying about building an emergency fund initially, one should start investing with whatever money remains expendable after meeting family expenses, because from my point of view, investing in Bitcoin with money saved for meeting basic needs is very ignorant. However we have to admit that emergency funds are needed to secure bitcoin investments and secure financial security.

Check these out to sustain Bitcoin investment for long term requires specific strategy of becoming experienced in various aspects of investment, generating discretionary income, risk management, using proper buying strategy like DCA, maximum security, mental stability, in fact i think these are necessary to sustain a Bitcoin investment, so those who accept them and invest in Bitcoin with a long-term mindset and buy regularly and follow these strategies, we believe that their portfolio levels will gradually increase.

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Today at 05:54:37 AM
 #7413

I get your point about how emergency funds is in every investment, but don’t make it sound like a must, there are people who go into investment without having emergency funds.

Having an emergency funds is a must, if you want your Bitcoin investment to be successful, because sooner or later emergency may pop up, and if you don't have it in place to protect your investment, you are going to sell or temper with your investment, so it's a must, if you are not rich, because it's only the rich that can afford to invest in Bitcoin without having an emergency funds, since they have asset, rich friends, Uncle, auntie and colleagues that can come for their aid if they find themselves in any emergency situation that threatens their investment, but if you are not rich, then having it is a must for the survival of your Bitcoin investment.
Failure to set up an emergency funds as an investor to backup our investment holdings is like subscribing to failure since emergency situations are inevitable and can barely be avoided. However, this fact can't be negotiable not for anything as long as bitcoin investment is concern. Furthermore, you aren't setting it in place for fancy or for formality purposes but to have your asset secured. Because when real live problem comes, like unplanned sickness, unexpected movement that you must make and other unplanned situations that may arise that you will need to attend to then you will understand the need for it that it wasn't just mentioned for child's play.
You are investing but if you do not have emergency funds available, it will be like gambling because you may have the possibility of withdrawing your investment at any time. There is no guarantee that the market will rise at the time when you need it urgently. Selling while Bitcoin is in the process of accumulation that is if the holding has not matured, is foolish and has the potential for big losses.
Some folk accumulate Bitcoin without giving importance to emergency funds, but for them, understanding the importance of emergency funds is as important as building up Bitcoin holdings because you never know when a situation will arise when you will need money. If you have this emergency fund at that time you can build up a large Bitcoin holding in the future without withdrawing Bitcoin holdings.











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BITBI-4
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Today at 06:45:22 AM
 #7414

I get your point about how emergency funds is in every investment, but don’t make it sound like a must, there are people who go into investment without having emergency funds.

Having an emergency funds is a must, if you want your Bitcoin investment to be successful, because sooner or later emergency may pop up, and if you don't have it in place to protect your investment, you are going to sell or temper with your investment, so it's a must, if you are not rich, because it's only the rich that can afford to invest in Bitcoin without having an emergency funds, since they have asset, rich friends, Uncle, auntie and colleagues that can come for their aid if they find themselves in any emergency situation that threatens their investment, but if you are not rich, then having it is a must for the survival of your Bitcoin investment.
Failure to set up an emergency funds as an investor to backup our investment holdings is like subscribing to failure since emergency situations are inevitable and can barely be avoided. However, this fact can't be negotiable not for anything as long as bitcoin investment is concern. Furthermore, you aren't setting it in place for fancy or for formality purposes but to have your asset secured. Because when real live problem comes, like unplanned sickness, unexpected movement that you must make and other unplanned situations that may arise that you will need to attend to then you will understand the need for it that it wasn't just mentioned for child's play.
You are investing but if you do not have emergency funds available, it will be like gambling because you may have the possibility of withdrawing your investment at any time. There is no guarantee that the market will rise at the time when you need it urgently. Selling while Bitcoin is in the process of accumulation that is if the holding has not matured, is foolish and has the potential for big losses.
Some folk accumulate Bitcoin without giving importance to emergency funds, but for them, understanding the importance of emergency funds is as important as building up Bitcoin holdings because you never know when a situation will arise when you will need money. If you have this emergency fund at that time you can build up a large Bitcoin holding in the future without withdrawing Bitcoin holdings.
Whether the market rises or falls does not matter much if your goal is long term investment. In that case you should move towards your set goal rather than thinking of withdrawing money from your investment due to temporary market downturns. But if someone thinks of selling their Bitcoin holdings due to a slight market decline or instability before achieving their goal then i have a question about their investment strategy.

Emergency fund is definitely important there is no way to deny its importance. There are many people around us who despite their limited income are quite mature in managing their family's money. They set aside a little money every month from their limited income which may not have been part of any specific investment plan in the beginning. They saved this money thinking about the bad times in the future. But later when they decided to start investing the emergency fund they had built up in advance became a big advantage for them. Because they already have money set aside for emergency needs they will have the opportunity to allocate relatively more money for investment. But not everyone can do this

Again even if someone does not have an emergency fund ready it is not impossible to start Bitcoin investment. He can start Bitcoin accumulation according to his financial capacity and also build an emergency fund. But the important thing here is that the issue of creating an emergency fund should not be neglected and postponed. That is Bitcoin investment should not be started, but no initiative has been taken to create an emergency fund It should not happen.To put it simply don't let a situation arise where Bitcoin investment has started but no steps have been taken to build an emergency fund.
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Today at 07:42:42 AM
Merited by JayJuanGee (1), Queen Julie (1)
 #7415

I tend to recommend against all of those, while at the same time suggesting that if guys cannot help themselves in their temptations to trade, gamble and/or shitcoin, then perhaps they should limit their trading/gambling/shitcoining to no more than 10% the size of their total bitcoin time, energies and value. 

Yes.. I understand that gamblers have difficulties controlling themselves, but you never know, there could be some guys who are able to transition successfully from their gambling habits (and practices) and into habits of investing.  Sometimes miracles can happen (with some efforts and perhaps guidelines?).

Some might feels like a trader will always want to act like a trader, by trading anytime he feels like he can outsmart the market, but the truth is that some of these traders do listen, even though they may not admit it openly. I will use myself as an example because I have been trading the derivative market long before I knew of this forum, or a proper way to invest in Bitcoin. But during my stay here I have come to understand that trading is more stressful and less productive than Bitcoin investment that is more productive and less stressful, and it's because of that I focus more on accumulating and building my Bitcoin stash weekly, and even when that urge to trade comes sometimes , I don't see the need to risk more than 10% of my discretionary income because I now sees it like am just trying to take a gamble, but the main reason am saying all this is to make it clear that most of these traders that are focusing more on trading, than investing in Bitcoin are largely doing so because they are not familiar with Bitcoin investment or they are only doing it because of the quest to make quick money, but the moment they are exposed to both and sees how productive investment in Bitcoin is, majority of these traders will definitely give more attention to Bitcoin investment than trading that is of higher risk and less productive, since you can't avoid losing, even though you are a veteran trader.

 
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Today at 07:44:39 AM
 #7416

~snip
I tend to recommend against all of those, while at the same time suggesting that if guys cannot help themselves in their temptations to trade, gamble and/or shitcoin, then perhaps they should limit their trading/gambling/shitcoining to no more than 10% the size of their total bitcoin time, energies and value. 

Yes.. I understand that gamblers have difficulties controlling themselves, but you never know, there could be some guys who are able to transition successfully from their gambling habits (and practices) and into habits of investing.  Sometimes miracles can happen (with some efforts and perhaps guidelines?).
You are kind to gamblers, but it is also true that those who are able to successfully convert this 10% into an investment habit can later increase or add another 10% investment in Bitcoin with that money if they wish. However, this decision should be made after knowing everything in advance so that there is no unrest in the mind if the time, money and effort are wasted later.

On the other hand, those who want to accumulate Bitcoin for the next 5-10 years should focus more on increasing income and following regular DCA instead of constantly monitoring the market. Because there is no guarantee that just by making a profit from trading, you will get better results than long-term holding. It is not the case that if someone separates 10% from Bitcoin investment and trades with it and gains 15%, they will be more profitable than investing in Bitcoin, because at this time, i.e. at the same time, the price of Bitcoin can increase by 30% which means that he is trading at -15% compared to long-term investment.

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Today at 12:06:00 PM
Merited by JayJuanGee (1)
 #7417

To invest in Bitcoin, you definitely need to build an emergency fund, apart from the emergency fund, you need to follow other strategies that will help you keep your Bitcoin investment for a long time. For example, you need to be patient, you cannot buy Bitcoin aggressively. You need to follow more strategies that if you follow the rules, you will be able to move yourself forward towards the future, circumstances will never fix you, but you have to be in the circumstances of time.
So in Bitcoin investment, it will be the best to keep yourself calm and move towards the future by buying Bitcoin.
Having an emergency fund is important but don't sideline you investment because of it because you investment is very important too.
And also it's wrong to completely push against the idea of being aggressive in your investment, there is nothing wrong with being aggressive as long as you are keeping it within what you can handle, for example, you are investing with around 50 to 60 percent of your discretionary income and you've already finished building up your backup funds you can decide to become more aggressive with your investment and divert the part of your discretionary that was building your backup to accumulate bitcoin increasing the percentage from 50-60 to around 70-80 and still be able to sustain that level of aggressiveness. If you can't sustain being aggressive then don't do more thna you can handle.
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Today at 01:04:50 PM
 #7418

so i can not advice any investors to engage on trading and as well as holding,
If you cannot advice any investor to hold, then what would you advise them to do?
Holding for the long-term is the best choice for an investor very serious with bitcoin, you have the liberty of accumulating as much bitcoin as possible while you keep holding as long as you still have discretionary income present and you've a chance to preserve the value of your funds for long and even increasing it as the price of bitcoin goes higher.

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Today at 02:27:11 PM
 #7419

so i can not advice any investors to engage on trading and as well as holding,
If you cannot advice any investor to hold, then what would you advise them to do?
Holding for the long-term is the best choice for an investor very serious with bitcoin, you have the liberty of accumulating as much bitcoin as possible while you keep holding as long as you still have discretionary income present and you've a chance to preserve the value of your funds for long and even increasing it as the price of bitcoin goes higher.
Perhaps I didn't understand what he said, if the major subject here is Bitcoin investment which involves accumulation and hodling for a long-term, what the should we advice any intending investor to do, we know that decisions and individual choices can not be rule out but investing in Bitcoin and hodling for a long-term remains the wise decision, short term goals are usually unrealistic, Bitcoin investment has not changed, it is a long-term investment, records have it, those that have benefitted most from Bitcoin, are mainly those that accumulated and patiently hodl for a long-term of about 2 cycles and more.

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Today at 02:31:07 PM
Merited by JayJuanGee (1)
 #7420

Failure to set up an emergency funds as an investor to backup our investment holdings is like subscribing to failure since emergency situations are inevitable and can barely be avoided. However, this fact can't be negotiable not for anything as long as bitcoin investment is concern. Furthermore, you aren't setting it in place for fancy or for formality purposes but to have your asset secured. Because when real live problem comes, like unplanned sickness, unexpected movement that you must make and other unplanned situations that may arise that you will need to attend to then you will understand the need for it that it wasn't just mentioned for child's play.

To invest in Bitcoin, you definitely need to build an emergency fund, apart from the emergency fund, you need to follow other strategies that will help you keep your Bitcoin investment for a long time. For example, you need to be patient, you cannot buy Bitcoin aggressively. You need to follow more strategies that if you follow the rules, you will be able to move yourself forward towards the future, circumstances will never fix you, but you have to be in the circumstances of time.
So in Bitcoin investment, it will be the best to keep yourself calm and move towards the future by buying Bitcoin.

I don't understand this part. There's nothing wrong in buying bitcoin aggressively as long as you have the financial capacity to do that. A person may start his bitcoin accumulation initially and later get an additional source of income. When he gets additional source of income, he may decide to increase his investment amount to fasten his steps to his accumulation goal. Becoming aggressive is a personal choice and it borders on your finances.

Another scenario is that a person may be maintaining a given DCA strategy and eventually gets additional money. What does he do, he will decide the amount to buy bitcoin aggressively while maintaining his long-standing DCA. So there's no point saying that ...you cannot buy bitcoin aggressively. Buying bitcoin needs patience but that does not mean that being patient is against buying bitcoin aggressively as long as you have extra money to invest with out interfering in your basic responsibilities.

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