JJG’s Outline of Bitcoin Investment Ideas

[Emjay24]

[edited out]

......The more cash funds you have with you while accumulating Bitcoin the more likely it is that your Bitcoin holdings will be safe.

Sure, we want to be keeping our bitcoin safe, yet we are not prioritizing cash... we are figuring out a balance to keep our bitcoin safe, and yeah, we do not want to get into a situation where we have to use our bitcoin, so we will likely tend to need to keep extra cash that we likely will not end up using.. .but just keeping as insurance to protect our bitcoin.

True, if guys prioritize stacking up cash instead of their Bitcoin investment, their portfolio wouldn't increase as supposed and they'll not be putting in enough value in Bitcoin. Cash is still subject to depreciation so it's not ideal to stack it up unnecessarily. We should consider stacking up only enough cash as backup funds to protect our Bitcoin investment.

Even though we come into Bitcoin having stacked up more than enough cash already, it's best we put a good quantity of it into Bitcoin to protect it's value and get further ahead in our investment journey while we consistently add to our portfolio and building back the cash alongside it if needed be.

[Princess Leah]

True, if guys prioritize stacking up cash instead of their Bitcoin investment, their portfolio wouldn't increase as supposed and they'll not be putting in enough value in Bitcoin. Cash is still subject to depreciation so it's not ideal to stack it up unnecessarily. We should consider stacking up only enough cash as backup funds to protect our Bitcoin investment.

Even though we come into Bitcoin having stacked up more than enough cash already, it's best we put a good quantity of it into Bitcoin to protect it's value and get further ahead in our investment journey while we consistently add to our portfolio and building back the cash alongside it if needed be.

The back up funds is very important but the priority of an investor is to stack up more Bitcoin to increase their portfolio not being focused on stacking cash to protect it. Infact the backup funds can be built within a short period like few months or a year but Bitcoin investment is long term which is why more focus should be on stacking up the portfolio.

 Many investors are not getting their priorities rightly, they spend time stacking cash for protecting an investment that doesn't exist, some don’t even know that both can be built together.

[Bluedrem]

The back up funds is very important but the priority of an investor is to stack up more Bitcoin to increase their portfolio not being focused on stacking cash to protect it. Infact the backup funds can be built within a short period like few months or a year but Bitcoin investment is long term which is why more focus should be on stacking up the portfolio.

 Many investors are not getting their priorities rightly, they spend time stacking cash for protecting an investment that doesn't exist, some don’t even know that both can be built together.

Yes, that's right. When a person has discretionary income and wants to invest in Bitcoin, he can create an emergency fund along with investing in Bitcoin. Since the most preferred Bitcoin investment method by people is DCA, there is no need for much pressure to invest here. When you have discretionary income, you can allocate some money from there for an emergency fund and run DCA in Bitcoin with some part. However, many people may have an emergency fund before coming to investment, in which case there is no pressure for that person to create an emergency fund, so investing in Bitcoin is easier for him and he can accumulate more Bitcoin in his portfolio faster.
There are many people who, despite having discretionary income, think that they need a lot of money to invest in Bitcoin. I will tell them that you do not need a lot of money at all to invest in Bitcoin, rather, you need discretionary income to invest here. If you have a minimum amount of discretionary income, you can use that money to buy Bitcoin.

[Cossyblack]

Yes, it is true that Bitcoin is much safer if you have some cash on hand because when my family needs come or my personal needs come, if I have some cash, I can meet my needs and those of my family with that money. But if I don't have any cash and all my cash is invested in Bitcoin, then it will be seen that I may have to sell my Bitcoin investment for my personal needs or family needs. However, there is no need to keep too much cash at home. You should keep as much as you need.

You are wrong and I have highlighted where I think you are wrong. It is wrong to sell your bitcoin stash cover your personal and family needs, that clearly shows you have not been using your discretionary income to invest all this while.

You have been on this thread for a while now, so I believe you already know what discretionary income is about? Your discretionary income is what is remaining after you have covered for all your basic needs.  Instead of using your main income to invest in bitcoin and sell it back when you are lack money which is wrong. the right thing you to do is to cover for your basic needs first, then allocate what is left to invest in bitcoin, build your back up funds and discretionary consumption.

So that when you have anemergency situation or you need money for your discretionary consumption,  you won't have to sell back your bitcoin investment to cover them.

[Rockstarguy]

The back up funds is very important but the priority of an investor is to stack up more Bitcoin to increase their portfolio not being focused on stacking cash to protect it. Infact the backup funds can be built within a short period like few months or a year but Bitcoin investment is long term which is why more focus should be on stacking up the portfolio.

 Many investors are not getting their priorities rightly, they spend time stacking cash for protecting an investment that doesn't exist, some don’t even know that both can be built together.

Bitcoin investment is very important, and accumulating Bitcoin should be the main focus. However, it seems some people are so focused on having backup funds and an emergency fund that they feel it is not worth investing in Bitcoin because the backup fund and the rest are not in place, and they prefer to put Bitcoin buying on hold.

There is nothing to be scared of when investing in Bitcoin; the most important thing is for one to buy Bitcoin with the amount one can afford to lose. Just get started, and everything else can also be considered while you continue accumulating.

[Promocodeudo]

True, if guys prioritize stacking up cash instead of their Bitcoin investment, their portfolio wouldn't increase as supposed and they'll not be putting in enough value in Bitcoin. Cash is still subject to depreciation so it's not ideal to stack it up unnecessarily. We should consider stacking up only enough cash as backup funds to protect our Bitcoin investment.

It is an established fact that back up funds are note worthy but I do not think that we should give it more attention than figuring out our discretionary that enables us to consistently top up our Bitcoin portfolio, as a matter of fact what investors stack up back up funds for is their investment right, for it's safeguarding which is not a bad idea, however, the investment itself should be of a greater concern to us cause if we don't invest more we will still be where we are,so the best approach is invest more but it should be with your discretionary income.

Even though we come into Bitcoin having stacked up more than enough cash already, it's best we put a good quantity of it into Bitcoin to protect it's value and get further ahead in our investment journey while we consistently add to our portfolio and building back the cash alongside it if needed be.

You've said it all here, I don't think I have much to say, the goal is to have a bulky Bitcoin investment portfolio and hodl for a long-term, so that plan should be sticked to, any plan outside that should be inline with achieving our target.

[Sticky Bomb]

Yes, it is true that Bitcoin is much safer if you have some cash on hand because when my family needs come or my personal needs come, if I have some cash, I can meet my needs and those of my family with that money. But if I don't have any cash and all my cash is invested in Bitcoin, then it will be seen that I may have to sell my Bitcoin investment for my personal needs or family needs. However, there is no need to keep too much cash at home. You should keep as much as you need.

You are wrong and I have highlighted where I think you are wrong. It is wrong to sell your bitcoin stash cover your personal and family needs, that clearly shows you have not been using your discretionary income to invest all this while.

That's right, it's wrong to start investing in Bitcoin when an investor haven't been able to figure out if he has discretionary income or not. You've to be able to solve all your needs first and use what's remaining to invest into Bitcoin and build backup funds. If not, he's gambling with his portfolio and has a high possibility of selling his Bitcoin at a loss if the need arises when the price is below his entry point.

Bitcoin is a long-term investment and such gambling practices cannot be sustained for long and his portfolio will keep depreciating as he taps into it every time he has needs. It's a crazy idea of he wants to purchase a big quantity by not sorting his needs first only to sell it at a later time maybe thinking the price would increase on the short-term which is a very bad practice. It would be much better if he attend to his expenses first, then use the remainder to accumulate Bitcoin and build backup funds alongside it, that way his emergency fund would protect his portfolio and he would  be able to hold for a long-term without tampering his portfolio.

[Silikiem]

Yes, it is true that Bitcoin is much safer if you have some cash on hand because when my family needs come or my personal needs come, if I have some cash, I can meet my needs and those of my family with that money. But if I don't have any cash and all my cash is invested in Bitcoin, then it will be seen that I may have to sell my Bitcoin investment for my personal needs or family needs. However, there is no need to keep too much cash at home. You should keep as much as you need.

This is why it is important for an investor to figure out income to invest accordingly. Income needs to be managed and plan very well. If it is not being planned and managed very well you may end up in spending on things that are not even important and you wont be able to invest in Bitcoin. And if you dobt figure out well to invest with the amount you can afford lose and you invest heavily in bitcoin and neglecting to keep money for expenses or not having emergency fund, it might be very challenging to hodl but when income is being managed very well you dont have to spend your bitcoin on expenses.

Before starting to buy bitcoin and invest, a common sense should be able to tell you that you need to sort out your pressing needs which are the basic needs of man. You don’t just go into an investment when you have major financial obligations to settle and anyone who does that is simply gambling with his investment because he will be forced to sell the investment at a loss just to recoup some funds to sort out some pressing needs when the pressure keeps piling up. The priority should be set towards sorting out basic needs whenever income is received before using the left over cash to invest in bitcoin.

[devouring-DARKNESS]

Yes, it is true that Bitcoin is much safer if you have some cash on hand because when my family needs come or my personal needs come, if I have some cash, I can meet my needs and those of my family with that money. But if I don't have any cash and all my cash is invested in Bitcoin, then it will be seen that I may have to sell my Bitcoin investment for my personal needs or family needs. However, there is no need to keep too much cash at home. You should keep as much as you need.

That cash at hand is your emergency fund and some people underestimate it's value to the point where they have enough discretionary income to accumulate bitcoin and build up their emergency fund together but because they want to buy as much bitcoin as possible they ignore everything else and pour all of their discretionary income into accumulating bitcoin and if they get lucky they might get away with not having an emergency fundif no actual emergency happens throughout their accumulation phase but going 100% in with their discretionary income won't be sustainable because while your investment might take a higher percentage of your discretionary income it can't always take all of it all the time, even your discretionary consumption has to be satisfied from time to time.

[Sim_card]

That cash at hand is your emergency fund and some people underestimate it's value to the point where they have enough discretionary income to accumulate bitcoin and build up their emergency fund together but because they want to buy as much bitcoin as possible they ignore everything else and pour all of their discretionary income into accumulating bitcoin and if they get lucky they might get away with not having an emergency fundif no actual emergency happens throughout their accumulation phase but going 100% in with their discretionary income won't be sustainable because while your investment might take a higher percentage of your discretionary income it can't always take all of it all the time, even your discretionary consumption has to be satisfied from time to time.

I don't think that in reality a long term bitcoin investor will accumulate bitcoin throughout ten years or more without having any real life emergency that will play out during his accumulation stage. Real life emergency is bound to happen in any form. It can be a illness or accident that will take more than the time you expect to recover. You can lose your job.

If you don't have an emergency funds how will you survive during this hard time without tampering your bitcoin investment, it's impossible for you not to sell your bitcoin to solve real life emergency because you lack proper preparation to enable you survive in your long term bitcoin investment plan. It's better to avoid costly mistakes that will jeopardize with all your efforts in growing your bitcoin stash in future and sell prematurely when it's not of your will.

A brand new investor should always consider their emergency funds as the life wire of their bitcoin investment and set it up along side with their bitcoin investment. If you cannot deprive yourself from your discretionary consume, that's how you cannot prevent yourself from an unforeseen circumstances to play out and cannot survive it without your emergency funds of three months of your monthly expenses.

[SmartCharpa]

Yes, it is true that Bitcoin is much safer if you have some cash on hand because when my family needs come or my personal needs come, if I have some cash, I can meet my needs and those of my family with that money. But if I don't have any cash and all my cash is invested in Bitcoin, then it will be seen that I may have to sell my Bitcoin investment for my personal needs or family needs. However, there is no need to keep too much cash at home. You should keep as much as you need.

That cash at hand is your emergency fund and some people underestimate it's value to the point where they have enough discretionary income to accumulate bitcoin and build up their emergency fund together but because they want to buy as much bitcoin as possible they ignore everything else and pour all of their discretionary income into accumulating bitcoin and if they get lucky they might get away with not having an emergency fundif no actual emergency happens throughout their accumulation phase but going 100% in with their discretionary income won't be sustainable because while your investment might take a higher percentage of your discretionary income it can't always take all of it all the time, even your discretionary consumption has to be satisfied from time to time.

As an investor, you cannot underestimate the power of having an emergency funds. What makes you think that someone with that mentality will get lucky through their investment journey? Life is unpredictable, and unexpected emergencies can happen at any time. You don’t know the situation that may come and force you to use your Bitcoin to solve the situation. In this case, everyone is trying to avoid anything where they have to touch their investment. You and every other investor are investing with the hope of selling at higher price than where you bought it. Nobody wants to be forced to sell below their entry point because of emergency.

However, having discretionary income doesn’t mean you should invest every dime in Bitcoin, you have other responsibilities to take care of, even if you are serious about accumulating bitcoin, do not invest everything and ignore other responsibilities. The goal is not only to accumulate Bitcoin, but to build wealth without putting ourselves under any financial pressure.

[Brizi5000]

What you need to get started in your Bitcoin investment is discretionary funds, from the fund you can decide how much is comfortable for you to be accumulating Bitcoin same thing with other discretionary funds, it's at your discretion to know how to allocate funds. It's not necessary that you must have backup funds before buying Bitcoin, what is important is to have emergency funds because life is full of uncertainties, if the unexpected happens you don't have to sell your Bitcoin. You don't have to put yourself under pressure before buying Bitcoin because it is what you're going to be buying for years, if there is backup funds to buy dip you can do so if not just do your regular DCA.

The  statement you’re making here is contradictory because if you’re already saying that it’s not necessary to have back up funds before buying bitcoin, why then do you still go ahead to say that what is important is to have emergency funds which means you’re now saying that it is necessary to have an emergency funds before buying bitcoin. Is that what you mean? If so, then you’re wrong because both the emergency funds and back up funds are almost the same kind of funds for investors to save so as to help them keep going while they’re investing In bitcoin for long term. You don’t necessarily need to build an emergency funds before you start bitcoin investment, for me I think if there should be any funds to have during the startup it should be the back up funds because that one is smaller when compared to emergency funds which is bigger and it takes time to build. That’s not to say that if you don’t have a back up funds you cannot invest in bitcoin as what is important is to have a discretionary income to start buying bitcoin. These funds typically help investors to keep them afloat not to touch their bitcoin investment for any reason. The only difference could be when and how to use any one of them as the emergency funds is strictly to be used during real life emergency situations while the back up funds can be used by the investor during rainy days I.e the period when things get a little hard for him especially money, and that’s why In my previous post i said is better to have a little back up funds to start with than not having anyone at all because you don’t need to use all your discretionary income to buy bitcoin, you’ll surely need a little backup funds to hold on to until when you have another discretionary income to use and buy bitcoin again.

[ASloveapg]

Yes, it is true that Bitcoin is much safer if you have some cash on hand because when my family needs come or my personal needs come, if I have some cash, I can meet my needs and those of my family with that money. But if I don't have any cash and all my cash is invested in Bitcoin, then it will be seen that I may have to sell my Bitcoin investment for my personal needs or family needs. However, there is no need to keep too much cash at home. You should keep as much as you need.

This is why it is important for an investor to figure out income to invest accordingly. Income needs to be managed and plan very well. If it is not being planned and managed very well you may end up in spending on things that are not even important and you wont be able to invest in Bitcoin. And if you dobt figure out well to invest with the amount you can afford lose and you invest heavily in bitcoin and neglecting to keep money for expenses or not having emergency fund, it might be very challenging to hodl but when income is being managed very well you dont have to spend your bitcoin on expenses.

Before starting to buy bitcoin and invest, a common sense should be able to tell you that you need to sort out your pressing needs which are the basic needs of man. You don’t just go into an investment when you have major financial obligations to settle and anyone who does that is simply gambling with his investment because he will be forced to sell the investment at a loss just to recoup some funds to sort out some pressing needs when the pressure keeps piling up. The priority should be set towards sorting out basic needs whenever income is received before using the left over cash to invest in bitcoin.

No matter how optimistic you are about the future of Bitcoin, you should not invest your own money. A person earns $800 per month. But $700 is spent on his rent, food, household expenses, and other essential expenses. In that case, he has only $100. Now, if he invests all of that $100 in Bitcoin, then he may face problems if an emergency arises. However, by planning a little and keeping some money for himself and investing the rest, such a situation can be avoided.

You don't have to be rich to invest. Even if your income is low, if you have a little money left after meeting your essential expenses, you can gradually collect Bitcoin with a part of that money. However, if you don't have extra money, you should not put pressure on yourself to continue investing.Investing in Bitcoin should not put any pressure on your daily life. The purpose of investing should be to build wealth in the long term. Not to aggravate your financial problems.

[BluebloodCXVI]

The back up funds is very important but the priority of an investor is to stack up more Bitcoin to increase their portfolio not being focused on stacking cash to protect it. Infact the backup funds can be built within a short period like few months or a year but Bitcoin investment is long term which is why more focus should be on stacking up the portfolio.

Many investors are not getting their priorities rightly, they spend time stacking cash for protecting an investment that doesn't exist, some don’t even know that both can be built together.

An investor does not need to have to choose between building backup funds and accumulating bitcoin because both can certainly be done simultaneously.
Of course having back up funds is important, but it should not be used as an excuse to postpone your bitcoin accumulation until you’ve saved several months of expenses; the goal is to be able to strike a balance between the two, not to spend all your time to be stacking cash while making zero progress on your investment.

[HajiBagi]

The back up funds is very important but the priority of an investor is to stack up more Bitcoin to increase their portfolio not being focused on stacking cash to protect it. Infact the backup funds can be built within a short period like few months or a year but Bitcoin investment is long term which is why more focus should be on stacking up the portfolio.

 Many investors are not getting their priorities rightly, they spend time stacking cash for protecting an investment that doesn't exist, some don’t even know that both can be built together.

Yes, that's right. When a person has discretionary income and wants to invest in Bitcoin, he can create an emergency fund along with investing in Bitcoin. Since the most preferred Bitcoin investment method by people is DCA, there is no need for much pressure to invest here. When you have discretionary income, you can allocate some money from there for an emergency fund and run DCA in Bitcoin with some part. However, many people may have an emergency fund before coming to investment, in which case there is no pressure for that person to create an emergency fund, so investing in Bitcoin is easier for him and he can accumulate more Bitcoin in his portfolio faster.
There are many people who, despite having discretionary income, think that they need a lot of money to invest in Bitcoin. I will tell them that you do not need a lot of money at all to invest in Bitcoin, rather, you need discretionary income to invest here. If you have a minimum amount of discretionary income, you can use that money to buy Bitcoin.

Those who think that they need a lot of money before investing in bitcoin don’t understand bitcoin, or let me say they are beginners, and it is very good that you mention that, bitcoin is not about having a lot of money, it is about your discretionary income, although it is good for an investor to invest with a big amount when he is capable of investing with big amount but stressing yourself that you need a lot of money to invest in bitcoin is not a good idea, because when you invest with a lot of money and you find yourself in a tight situation where you need money, you will sell your bitcoin when you are not ready sell.

[sotelorene]

Before starting to buy bitcoin and invest, a common sense should be able to tell you that you need to sort out your pressing needs which are the basic needs of man. You don’t just go into an investment when you have major financial obligations to settle and anyone who does that is simply gambling with his investment because he will be forced to sell the investment at a loss just to recoup some funds to sort out some pressing needs when the pressure keeps piling up. The priority should be set towards sorting out basic needs whenever income is received before using the left over cash to invest in bitcoin.

I agree with you and  another important thing is having the right mentality, mindset and determined to hold for long period of time because some investors, even after sorting out their needs and using their discretionary income to invest in Bitcoin, at some point in time they will be panicking and sometimes move to sell which is not what an investor should do that is why I encourage or advise for investors to have the right mentality and also be determined to hold because when you are determined every other thing happening becomes a noise and harmless to you because there is no room for them in your mind

[Bluedrem]

Those who think that they need a lot of money before investing in bitcoin don’t understand bitcoin, or let me say they are beginners, and it is very good that you mention that, bitcoin is not about having a lot of money, it is about your discretionary income, although it is good for an investor to invest with a big amount when he is capable of investing with big amount but stressing yourself that you need a lot of money to invest in bitcoin is not a good idea, because when you invest with a lot of money and you find yourself in a tight situation where you need money, you will sell your bitcoin when you are not ready sell.

Yes, that's right. I think investing in Bitcoin is easier than investing in any physical asset or real estate and it puts a lot of pressure on the financial situation. If someone wants, they can buy Bitcoin with $10 or they can use a million dollars to buy Bitcoin. If someone wants, they can continue to buy small amounts every week or month, and at some point they will see that their portfolio has accumulated a fairly good amount of money.
However, as you said, it is better to invest more money. Yes, it is better, but not everyone has the ability to deposit a large amount of money at once, so any person can decide on a Bitcoin investment strategy based on their discretionary income.

[Gragebox]

Those who think that they need a lot of money before investing in bitcoin don’t understand bitcoin, or let me say they are beginners, and it is very good that you mention that, bitcoin is not about having a lot of money, it is about your discretionary income, although it is good for an investor to invest with a big amount when he is capable of investing with big amount but stressing yourself that you need a lot of money to invest in bitcoin is not a good idea, because when you invest with a lot of money and you find yourself in a tight situation where you need money, you will sell your bitcoin when you are not ready sell.

Yes, that's right. I think investing in Bitcoin is easier than investing in any physical asset or real estate and it puts a lot of pressure on the financial situation. If someone wants, they can buy Bitcoin with $10 or they can use a million dollars to buy Bitcoin. If someone wants, they can continue to buy small amounts every week or month, and at some point they will see that their portfolio has accumulated a fairly good amount of money.
However, as you said, it is better to invest more money. Yes, it is better, but not everyone has the ability to deposit a large amount of money at once, so any person can decide on a Bitcoin investment strategy based on their discretionary income.

I believe that the most important advantage of Bitcoin is that people can start investing depending on their financial opportunities. Indeed, in contrast with real estate, Bitcoin can be invested in regardless of the amount of funds. However, I am convinced that what is really important is not the size of an initial investment, but wise handling of money over time. An investor, who is able to afford only ten or twenty dollars per week, can grow his Bitcoin investment portfolio thanks to the process of regular purchasing. He should not feel any pressure caused by comparisons with those investors who are capable of spending a lot more money. Nonetheless, he should realize that buying regularly does not mean getting profits, since the Bitcoin's value can decline quite dramatically. Thus, he should invest only extra money and never borrow anything for purchasing Bitcoins. In my opinion, small initial investments, market studies, good protection, and a feasible long-term plan are better than a big initial investment.

[Nheer]

That cash at hand is your emergency fund and some people underestimate it's value to the point where they have enough discretionary income to accumulate bitcoin and build up their emergency fund together but because they want to buy as much bitcoin as possible they ignore everything else and pour all of their discretionary income into accumulating bitcoin and if they get lucky they might get away with not having an emergency fundif no actual emergency happens throughout their accumulation phase but going 100% in with their discretionary income won't be sustainable because while your investment might take a higher percentage of your discretionary income it can't always take all of it all the time, even your discretionary consumption has to be satisfied from time to time.

Most people misunderstand what investment is really about, they don't know that it's not only about accumulating Bitcoin, having financial stability matters a lot too. Ignoring everything else just to invest is not sustainable, it will definitely affect your investment sooner or later and what will be the essence of all the hard work if you can't protect what you've accumulated when emergency arise. I don't think it will be possible for investors with long term plan to get away with not having back up funds aside, the journey is just too long to not have any emergency. The goal of investing is to build wealth while not putting yourself in unnecessary pressure where unexpected situations force you to sell your Bitcoin.

[RockBell]

The back up funds is very important but the priority of an investor is to stack up more Bitcoin to increase their portfolio not being focused on stacking cash to protect it. Infact the backup funds can be built within a short period like few months or a year but Bitcoin investment is long term which is why more focus should be on stacking up the portfolio.

 Many investors are not getting their priorities rightly, they spend time stacking cash for protecting an investment that doesn't exist, some don’t even know that both can be built together.

Yes, that's right. When a person has discretionary income and wants to invest in Bitcoin, he can create an emergency fund along with investing in Bitcoin. Since the most preferred Bitcoin investment method by people is DCA, there is no need for much pressure to invest here. When you have discretionary income, you can allocate some money from there for an emergency fund and run DCA in Bitcoin with some part. However, many people may have an emergency fund before coming to investment, in which case there is no pressure for that person to create an emergency fund, so investing in Bitcoin is easier for him and he can accumulate more Bitcoin in his portfolio faster.
There are many people who, despite having discretionary income, think that they need a lot of money to invest in Bitcoin. I will tell them that you do not need a lot of money at all to invest in Bitcoin, rather, you need discretionary income to invest here. If you have a minimum amount of discretionary income, you can use that money to buy Bitcoin.

Exactly how it is suppose to be, when everything comes from your discretionary income it makes more sense that way at least your investment money should come from their and like you said when you are using the dca method then you don't need to pressure yourself because that will be very unnecessary to do since it's something you want to be doing consistently that way you will be able to also accumulate quite some amount of Bitcoin so no pressure.

Things should be done at our convince at least since we are using our discretionary income, and with this I know we all have the idea of the kind of portfolio we want to have so we can gradually make that kind of dream come through, and we should invest gradually that will actually help us because most people want to run faster than their shadow instead of them calming down and not rushing things, because in this line of business you don't want to rush. You have to keep very calm and do your thing in your own convince that is one of the biggest mistake we make is we want to rush.