Buy Buy Buy or Sell Sell Sell?

[Mahanton]

2. Lack of fund: these are people who understands how Bitcoin investment works but because they don't have good source of income that can help them sail through...

Such person should look for a second means of income or cut down his expenses if he has the zeal an d desire to invest in bitcoin, he will find a way to invest with a little amount because you must not start buying bitcoin with big amount of money.

No one should be pressured to invest in Bitcoin because it will make no sense for someone who is not financially stable to invest in Bitcoin because they will end up selling to meet up their immediate needs. Even as we wish to invest in Bitcoin but it shouldn't be under severe financial circumstances, if anyone should invest in Bitcoin it should be at a time when they have a steady income that will sustain their investment plans. Anyone can decide to start making investments at any time they wish to provided they have a long term targets, they definitely gonna own as much Bitcoin as they wish to. Bitcoin is still very much developing, there's no need for a rush for someone who isn't financially buoyant instead they need to look for jobs or businesses that will generate steady income for them then they can use the proceeds to invest in Bitcoin.

Basically investment is an independent medium in which an investor accumulates bitcoins as per his wish every week or every month. Investments mired in a web of obligations may not be viable in the long run. You need to ensure an alternative source of income to meet the daily needs of the family as well as maintain a decent amount of Bitcoin deposits. Alternative sources of income will justify you holding large amounts of Bitcoins for the future with every responsibilities properly performed.

You should definitely advise those who want to start and are interested in depositing bitcoins based on their disposable income and possible price progression of bitcoins. A common mistake many guys make when it comes to investing is to give more priority to investments than real assets which can hurt them later such as the tendency to withdraw midway. I think the tendency for a bitcoin depositor to withdraw investments midway can deprive him of much profit. Also by long term holding he could get huge stack in future and decrease UP.

You wont really be able to feel out any panic if the amount you are investing is really that something which is really that an extra amount in comparing when you are investing with your last cash or simply having that all-in, then every movement of the market will really be giving out that kind of emotion on which it can cause up that kind of impulsive actions which will really be that resulting into bad decisions which causes up loses.
Profitability will really be depending on different factors on which of the ff: Good risk management, decision making, emotion control etc. .On the time that you could be able to determine on what are the viable things on which it would be significant into your crypto investment then most likely you wont really be able to experience out much loses.Although it wont really be that an assured thing but at least you do know on what you are doing.

Buy or Sell, it might sounds too easy or pretty basic but on the moment that you are on such actual situation specially on a dumping market. Then pretty sure you would be having those doubts on the actions
that you will be making whether you will be selling or buying. Tons of things that will come inside into your mind on which it will really be causing up that kind of confusion.
If you arent that good about self control and your mindset then it will really be resulting into tons of mistakes.

[Ruttoshi]

2. Lack of fund: these are people who understands how Bitcoin investment works but because they don't have good source of income that can help them sail through...

Such person should look for a second means of income or cut down his expenses if he has the zeal an d desire to invest in bitcoin, he will find a way to invest with a little amount because you must not start buying bitcoin with big amount of money.

No one should be pressured to invest in Bitcoin because it will make no sense for someone who is not financially stable to invest in Bitcoin because they will end up selling to meet up their immediate needs. Even as we wish to invest in Bitcoin but it shouldn't be under severe financial circumstances, if anyone should invest in Bitcoin it should be at a time when they have a steady income that will sustain their investment plans. Anyone can decide to start making investments at any time they wish to provided they have a long term targets, they definitely gonna own as much Bitcoin as they wish to. Bitcoin is still very much developing, there's no need for a rush for someone who isn't financially buoyant instead they need to look for jobs or businesses that will generate steady income for them then they can use the proceeds to invest in Bitcoin.

Basically investment is an independent medium in which an investor accumulates bitcoins as per his wish every week or every month. Investments mired in a web of obligations may not be viable in the long run. You need to ensure an alternative source of income to meet the daily needs of the family as well as maintain a decent amount of Bitcoin deposits. Alternative sources of income will justify you holding large amounts of Bitcoins for the future with every responsibilities properly performed.

You should definitely advise those who want to start and are interested in depositing bitcoins based on their disposable income and possible price progression of bitcoins. A common mistake many guys make when it comes to investing is to give more priority to investments than real assets which can hurt them later such as the tendency to withdraw midway. I think the tendency for a bitcoin depositor to withdraw investments midway can deprive him of much profit. Also by long term holding he could get huge stack in future and decrease UP.

You wont really be able to feel out any panic if the amount you are investing is really that something which is really that an extra amount in comparing when you are investing with your last cash or simply having that all-in, then every movement of the market will really be giving out that kind of emotion on which it can cause up that kind of impulsive actions which will really be that resulting into bad decisions which causes up loses.
Profitability will really be depending on different factors on which of the ff: Good risk management, decision making, emotion control etc. .On the time that you could be able to determine on what are the viable things on which it would be significant into your crypto investment then most likely you wont really be able to experience out much loses.Although it wont really be that an assured thing but at least you do know on what you are doing.

Buy or Sell, it might sounds too easy or pretty basic but on the moment that you are on such actual situation specially on a dumping market. Then pretty sure you would be having those doubts on the actions
that you will be making whether you will be selling or buying. Tons of things that will come inside into your mind on which it will really be causing up that kind of confusion.
If you arent that good about self control and your mindset then it will really be resulting into tons of mistakes.

No matter how little the amount is, it is good to invest with such amount and have a long-term goal, so that it can help you make conclusions on how much you will be using to buy bitcoin weekly or monthly regularly thag will not affect your emotions. Long-term goal will kill the panic in you because you have made plans and target for 4-10 years bitcoin accumulation time frame. This will enable you not to bother about the market price of bitcoin but your focus will be to keep your DCA ongoing to avoid any pause in buying.

There are a lot of expenses that some people give to themselves which is irrelevant and not necessary, like gambling and drinking weekly and they don't see it as a financial burden to them. Those funds can be channeled into buying bitcoin weekly using DCA overtime so that you can build and grow your bitcoin portfolio with ease for the future. Instead of you gambling and hoping to hit the jackpot soon, buy bitcoin regularly with the funds and in future when you bitcoin stash have increased significantly with profit, it mean that you have hit the jackpot with your bitcoin investment.

[Justbillywitt]

Thank goodness that you considered Bitcoin when it was $100, it was even better for some people as they purchased the asset at $32 or lower, you can imagine how much these people have gained already, it's just insane, they are the true lucky ones. But at about $60,000, if we are sincere with ourselves, can the gains be like before? Certainly not. The price is already high and so is the liquidity needed to push it higher in multiple folds, and where the liquidity will come from is what I do not know, let's be realistic.

I regretfully copied the majority on keeping my Bitcoin endlessly but I've stopped that having realised my wrong and now face the reality of the Bitcoin market. No doubt, Bitcoin is a progressive market but it will take time before achieving the huge price that many believe it will hit. It will take as long as decades at times. The asset is now in the mainstream of the financial market where banks and huge institutions are interested, this alone will force Bitcoin to behave maturely unlike when the unknown faces called whales are almost completely in charge. Going forward, to profit in your Bitcoin needs smart investment, just let your trading chart and the global economic realities guide you.

The asset is now in the mainstream of the financial market where banks and huge institutions are interested, this alone will force Bitcoin to behave maturely unlike when the unknown faces called whales are almost completely in charge.

But unfortunately for them bitcoin is not a centralized asset, so they don't have power here. Bitcoin is decentralized irrespective of how many banks or financial institutions that are aware of bitcoin they can't do anything to hinder the potential growth in bitcoin, I this is one aspect that you are forgetting. What possibly do you think that the banks or financial institutions will do that will make bitcoin not to grow as it was supposed to? Mind you the banks and those financial institutions were already aware of bitcoin for more than a decade now, when bitcoin hasn't gotten to this level in terms of growth in price and adoption. Or do you think that the banks and those financial institutions are just finding out about bitcoin recently? The answer is no, so fuck the banks and financial institutions.

I regretfully copied the majority on keeping my Bitcoin endlessly but I've stopped that having realised my wrong and now face the reality of the Bitcoin market. No doubt, Bitcoin is a progressive market but it will take time before achieving the huge price that many believe it will hit. It will take as long as decades at times.

It has been said many times that for you to see substantial profit in bitcoin you have to hold it for a long term, and I don't think long term investors has any problem holding bitcoin for decades. When we say long term it could be we ain't just talking about 2 years or 5 years. So if you don't have this mindset of holding for decades and make up your mind from the onset, you will be disappointed along the line. And I think this was your case. You probably came into bitcoin investment with the wrong mentality of cashing out big within a short time, but when it didn't go your way you felt bad, hence your regret of coping the majority of investors who believe in long term hold. Probably the person who introduced you to bitcoin investment did not give you the right orientations about bitcoin investment when you were still new to bitcoin investment.

But at about $60,000, if we are sincere with ourselves, can the gains be like before? Certainly not. The price is already high and so is the liquidity needed to push it higher in multiple folds, and where the liquidity will come from is what I do not know, let's be realistic.

You are just talking base on your own perception about bitcoin. Don't try to limit bitcoin base on your own environment or regional economy. When bitcoin was $20,000 many people said it was too high and so many other things. Asking similar questions as you are doing right now, about liquidity inflow that will keep pushing the price forward. But today we are here and still I find it shocking that you are still asking about where the liquidity inflow will come from. Well to clear your curiosity, the same ways that the liquidity came from that took bitcoin from $20k to over $60k is the same way that more liquidity will come from, and it will take bitcoin to higher price in the future.

[JayJuanGee]

2. Lack of fund: these are people who understands how Bitcoin investment works but because they don't have good source of income that can help them sail through...

Such person should look for a second means of income or cut down his expenses if he has the zeal an d desire to invest in bitcoin, he will find a way to invest with a little amount because you must not start buying bitcoin with big amount of money.

No one should be pressured to invest in Bitcoin because it will make no sense for someone who is not financially stable to invest in Bitcoin because they will end up selling to meet up their immediate needs. Even as we wish to invest in Bitcoin but it shouldn't be under severe financial circumstances, if anyone should invest in Bitcoin it should be at a time when they have a steady income that will sustain their investment plans. Anyone can decide to start making investments at any time they wish to provided they have a long term targets, they definitely gonna own as much Bitcoin as they wish to. Bitcoin is still very much developing, there's no need for a rush for someone who isn't financially buoyant instead they need to look for jobs or businesses that will generate steady income for them then they can use the proceeds to invest in Bitcoin.

Basically investment is an independent medium in which an investor accumulates bitcoins as per his wish every week or every month. Investments mired in a web of obligations may not be viable in the long run. You need to ensure an alternative source of income to meet the daily needs of the family as well as maintain a decent amount of Bitcoin deposits. Alternative sources of income will justify you holding large amounts of Bitcoins for the future with every responsibilities properly performed.

Alternative source of income gives you abilities to accumulate more bitcoin, but it does not ensure your abilities to hold the bitcoin into the future.  The better way to assure ability to hold bitcoin is to maintain backup funds such as emergency funds and reserves. otherwise if you don't have back up funds, then your investment (namely bitcoin in this case) would be serving as your back up funds, which is a risky an not a sound investment practice.

You should definitely advise those who want to start and are interested in depositing bitcoins based on their disposable income and possible price progression of bitcoins. A common mistake many guys make when it comes to investing is to give more priority to investments than real assets which can hurt them later such as the tendency to withdraw midway. I think the tendency for a bitcoin depositor to withdraw investments midway can deprive him of much profit. Also by long term holding he could get huge stack in future and decrease UP.

The points you are making are a bit confusing.  I am not sure what you mean by proclaiming a preference for real assets, even though you seem to be suggesting a preference for bitcoin too.  I agree with what seems to be your point that frequently guys make the mistake of selling too much of their bitcoin too soon... but your overall points regarding how you might consider various ways to structure, allocate and even build assets in terms of various assets that a guy might have in his investment portfolio comes off confusing in your presentation..and most likely the confusion comes from your consideing that trading is a form of investing, and perhaps you are engaging in a lot of attempts to play price swings in various markets rather than choosing asset classes (such as bitcoin) in which you could just invest into and build for the longer term, rather than trying to play price waves..

[SuperBitMan]

2. Lack of fund: these are people who understands how Bitcoin investment works but because they don't have good source of income that can help them sail through...

Such person should look for a second means of income or cut down his expenses if he has the zeal an d desire to invest in bitcoin, he will find a way to invest with a little amount because you must not start buying bitcoin with big amount of money.

No one should be pressured to invest in Bitcoin because it will make no sense for someone who is not financially stable to invest in Bitcoin because they will end up selling to meet up their immediate needs. Even as we wish to invest in Bitcoin but it shouldn't be under severe financial circumstances, if anyone should invest in Bitcoin it should be at a time when they have a steady income that will sustain their investment plans. Anyone can decide to start making investments at any time they wish to provided they have a long term targets, they definitely gonna own as much Bitcoin as they wish to. Bitcoin is still very much developing, there's no need for a rush for someone who isn't financially buoyant instead they need to look for jobs or businesses that will generate steady income for them then they can use the proceeds to invest in Bitcoin.

Before going into Bitcoin investment one needs to have a source of income however it must not be a huge source of income but just a good one that can give you a Discretionary income once you have such income you can start investing in Bitcoin, starting Bitcoin investment without a good source of income will make you dip hands into your Bitcoin always.
Some people says is only a stingy person can invest on Bitcoin and become successful there reasons are that someone who is not stingy will always sell some part of his or her Bitcoin to solve issues, help others and enjoy life, this mindset is wrong even if you are not stingy you can still invest in Bitcoin and solve your issues, you can still help others and enjoy life, that is why you need a source of income before starting Bitcoin investment and what you are only using to invest on Bitcoin is your Discretionary income so you can do other things which will make your life interesting you just need to follow the right steps.
Some steps one needs to follow are:
1. Have a good source of income
2. Have good emergency, reserve and float funds.
3. Manage your salary very well
4. Don't be aggressive in your investment without having a backup funds.
5. Be consistent
6. Be patient.

All this are some few things I know can help when one wants to start or have already started Bitcoin investment, one don't need to rush in going into Bitcoin investment when you calm down and ask questions make research it will help you grow well in your Bitcoin investment journey.

[Zaguru12]

Some people says is only a stingy person can invest on Bitcoin and become successful there reasons are that someone who is not stingy will always sell some part of his or her Bitcoin to solve issues, help others and enjoy life, this mindset is wrong even if you are not stingy you can still invest in Bitcoin and solve your issues, you can still help others and enjoy life, that is why you need a source of income before starting Bitcoin investment and what you are only using to invest on Bitcoin is your Discretionary income so you can do other things which will make your life interesting you just need to follow the right steps.
Some steps one needs to follow are:
1. Have a good source of income
2. Have good emergency, reserve and float funds.
3. Manage your salary very well
4. Don't be aggressive in your investment without having a backup funds.
5. Be consistent
6. Be patient.

All this are some few things I know can help when one wants to start or have already started Bitcoin investment, one don't need to rush in going into Bitcoin investment when you calm down and ask questions make research it will help you grow well in your Bitcoin investment journey.

If by stingy they mean only some that has a very tight hand to hold can invest into bitcoin then I will say they are correct, for you to be a good or profitable bitcoin holder, the urge to sell at every slightest opportunity should be something you need to control, this doesn’t in no way means you just hold and don’t take profit, No you can set a take profit target and when the price gets there you take some profits and then invest into other businesses or assets for diversification sake this will even give you more income to buy more future dips.

Looking at the tips you listed i will like you to add the one ultimate tip which never invest what you cannot afford to lose even if the assets is having a good history like bitcoin, investing in what you can afford to lose doesn’t necessarily even safe you from losing but actually keeps you calm even when the price dips and allows you to make better decisions.

[adultcrypto]

Some people says is only a stingy person can invest on Bitcoin and become successful there reasons are that someone who is not stingy will always sell some part of his or her Bitcoin to solve issues, help others and enjoy life, this mindset is wrong even if you are not stingy you can still invest in Bitcoin and solve your issues, you can still help others and enjoy life, that is why you need a source of income before starting Bitcoin investment and what you are only using to invest on Bitcoin is your Discretionary income so you can do other things which will make your life interesting you just need to follow the right steps.
Some steps one needs to follow are:
1. Have a good source of income
2. Have good emergency, reserve and float funds.
3. Manage your salary very well
4. Don't be aggressive in your investment without having a backup funds.
5. Be consistent
6. Be patient.

All this are some few things I know can help when one wants to start or have already started Bitcoin investment, one don't need to rush in going into Bitcoin investment when you calm down and ask questions make research it will help you grow well in your Bitcoin investment journey.

Looking at the tips you listed i will like you to add the one ultimate tip which never invest what you cannot afford to lose even if the assets is having a good history like bitcoin, investing in what you can afford to lose doesn’t necessarily even safe you from losing but actually keeps you calm even when the price dips and allows you to make better decisions.

For shitcoins, this statement is completely true but it may not be completely true for bitcoin investment if you invest rightly which is long term investment. Unless you are saying that bitcoin will seize to exist someday or turn to zero like most shitcoins do when held for a long time, this way I will say it will be difficult for that to happen. Bitcoin have come to stay and will not die anytime soon so we are not investing what we would lose but what we can set aside in an asset for a long period of time to reach our target in terms of wealth accumulation. I understand one could be expecting the investor to remove his mind from the investment for several reasons such to prevent him from selling it in the event of seeing so much profits or when there is sudden drop in price. This is why other control measures are actively being added into the bitcoin buying process as a protection of the investment. But my point is that investment in bitcoin have risk just like every other investment but holding bitcoin much longer reduces the risk.

[FinePoine0]

2. Lack of fund: these are people who understands how Bitcoin investment works but because they don't have good source of income that can help them sail through...

Such person should look for a second means of income or cut down his expenses if he has the zeal an d desire to invest in bitcoin, he will find a way to invest with a little amount because you must not start buying bitcoin with big amount of money.

No one should be pressured to invest in Bitcoin because it will make no sense for someone who is not financially stable to invest in Bitcoin because they will end up selling to meet up their immediate needs. Even as we wish to invest in Bitcoin but it shouldn't be under severe financial circumstances, if anyone should invest in Bitcoin it should be at a time when they have a steady income that will sustain their investment plans. Anyone can decide to start making investments at any time they wish to provided they have a long term targets, they definitely gonna own as much Bitcoin as they wish to. Bitcoin is still very much developing, there's no need for a rush for someone who isn't financially buoyant instead they need to look for jobs or businesses that will generate steady income for them then they can use the proceeds to invest in Bitcoin.

Before going into Bitcoin investment one needs to have a source of income however it must not be a huge source of income but just a good one that can give you a Discretionary income once you have such income you can start investing in Bitcoin, starting Bitcoin investment without a good source of income will make you dip hands into your Bitcoin always.
Some people says is only a stingy person can invest on Bitcoin and become successful there reasons are that someone who is not stingy will always sell some part of his or her Bitcoin to solve issues, help others and enjoy life, this mindset is wrong even if you are not stingy you can still invest in Bitcoin and solve your issues, you can still help others and enjoy life, that is why you need a source of income before starting Bitcoin investment and what you are only using to invest on Bitcoin is your Discretionary income so you can do other things which will make your life interesting you just need to follow the right steps.
Some steps one needs to follow are:
1. Have a good source of income
2. Have good emergency, reserve and float funds.
3. Manage your salary very well
4. Don't be aggressive in your investment without having a backup funds.
5. Be consistent
6. Be patient.

Each of the few rules you mentioned here are important to me, but adding a few here would be most beneficial.  Because when a person starts investing with his salary money and the surplus money left after meeting the basic needs of the family, it is most important to invest in DCA method of Bitcoin without continuing the money. Because success is possible in investing, it is certain, because every person knows that Bitcoin is the only trust.  So buy here at low price and hold for long time when you get enough profit sell and hold again.

[laijsica]

2. Lack of fund: these are people who understands how Bitcoin investment works but because they don't have good source of income that can help them sail through...

Such person should look for a second means of income or cut down his expenses if he has the zeal an d desire to invest in bitcoin, he will find a way to invest with a little amount because you must not start buying bitcoin with big amount of money.

No one should be pressured to invest in Bitcoin because it will make no sense for someone who is not financially stable to invest in Bitcoin because they will end up selling to meet up their immediate needs. Even as we wish to invest in Bitcoin but it shouldn't be under severe financial circumstances, if anyone should invest in Bitcoin it should be at a time when they have a steady income that will sustain their investment plans. Anyone can decide to start making investments at any time they wish to provided they have a long term targets, they definitely gonna own as much Bitcoin as they wish to. Bitcoin is still very much developing, there's no need for a rush for someone who isn't financially buoyant instead they need to look for jobs or businesses that will generate steady income for them then they can use the proceeds to invest in Bitcoin.

Basically investment is an independent medium in which an investor accumulates bitcoins as per his wish every week or every month. Investments mired in a web of obligations may not be viable in the long run. You need to ensure an alternative source of income to meet the daily needs of the family as well as maintain a decent amount of Bitcoin deposits. Alternative sources of income will justify you holding large amounts of Bitcoins for the future with every responsibilities properly performed.

Alternative source of income gives you abilities to accumulate more bitcoin, but it does not ensure your abilities to hold the bitcoin into the future.  The better way to assure ability to hold bitcoin is to maintain backup funds such as emergency funds and reserves. otherwise if you don't have back up funds, then your investment (namely bitcoin in this case) would be serving as your back up funds, which is a risky an not a sound investment practice.

You should definitely advise those who want to start and are interested in depositing bitcoins based on their disposable income and possible price progression of bitcoins. A common mistake many guys make when it comes to investing is to give more priority to investments than real assets which can hurt them later such as the tendency to withdraw midway. I think the tendency for a bitcoin depositor to withdraw investments midway can deprive him of much profit. Also by long term holding he could get huge stack in future and decrease UP.

The points you are making are a bit confusing.  I am not sure what you mean by proclaiming a preference for real assets, even though you seem to be suggesting a preference for bitcoin too.  I agree with what seems to be your point that frequently guys make the mistake of selling too much of their bitcoin too soon... but your overall points regarding how you might consider various ways to structure, allocate and even build assets in terms of various assets that a guy might have in his investment portfolio comes off confusing in your presentation..and most likely the confusion comes from your consideing that trading is a form of investing, and perhaps you are engaging in a lot of attempts to play price swings in various markets rather than choosing asset classes (such as bitcoin) in which you could just invest into and build for the longer term, rather than trying to play price waves..

I tried to explain in my speech that we should take care of our own tangible assets such as real estate, gold, business establishments or other assets on a priority basis and at the same time aspire to accumulate bitcoins in terms of investment. If an investor has an abundance of real assets, it can be much easier to fulfill his desire to accumulate bitcoins. The cash flow that he will have from having these tangible assets can prompt him to accumulate bitcoins from every level, which you can consider as an alternative floating cash from which an alternative source of income every week or every month. I have tried to understand from almost many of your threads that you have always prioritized having a surplus of real assets or floating cash which is important and positive for managing long-term bitcoin holdings. Also recommended to keep investments flowing down the road which must work positively for every investor.

Yes we have some variation in real assets such as gold, land or other valuables which may not have immediate alternative income but the sale price of these valuable assets is likely to be much higher in the future. Having an abundance of these tangible assets can make you more stress-free and motivated to increase your long-term holdings in alternative valuable assets like Bitcoin.

[SuperBitMan]

Some people says is only a stingy person can invest on Bitcoin and become successful there reasons are that someone who is not stingy will always sell some part of his or her Bitcoin to solve issues, help others and enjoy life, this mindset is wrong even if you are not stingy you can still invest in Bitcoin and solve your issues, you can still help others and enjoy life, that is why you need a source of income before starting Bitcoin investment and what you are only using to invest on Bitcoin is your Discretionary income so you can do other things which will make your life interesting you just need to follow the right steps.
Some steps one needs to follow are:
1. Have a good source of income
2. Have good emergency, reserve and float funds.
3. Manage your salary very well
4. Don't be aggressive in your investment without having a backup funds.
5. Be consistent
6. Be patient.

All this are some few things I know can help when one wants to start or have already started Bitcoin investment, one don't need to rush in going into Bitcoin investment when you calm down and ask questions make research it will help you grow well in your Bitcoin investment journey.

If by stingy they mean only some that has a very tight hand to hold can invest into bitcoin then I will say they are correct, for you to be a good or profitable bitcoin holder, the urge to sell at every slightest opportunity should be something you need to control, this doesn’t in no way means you just hold and don’t take profit, No you can set a take profit target and when the price gets there you take some profits and then invest into other businesses or assets for diversification sake this will even give you more income to buy more future dips.

Looking at the tips you listed i will like you to add the one ultimate tip which never invest what you cannot afford to lose even if the assets is having a good history like bitcoin, investing in what you can afford to lose doesn’t necessarily even safe you from losing but actually keeps you calm even when the price dips and allows you to make better decisions.

If you are using the DCA strategy to invest in Bitcoin how will you be able to invest what you will be able to lose since you are accumulating Bitcoin bit by bit on a weekly or monthly basis or are you saying if you accumulate to a certain level one can stop in other to invest what one can lose.
Yes there's risk in every investment but investing what you can afford to lose is not for all investment there are some investment that one don't need to think about losing to the extend that it will now affect your accumulation journey, this saying is what have stopped a lot of people from being consistent in there Bitcoin investment, this investing what you can afford to lose is for gambling, shitcoins and Ponzi scheme.
The history of Bitcoin is something one should take serious in knowing because from the history you will know that Bitcoin is one of the best investment to go into without fear of losing, Bitcoin has not reached half of it's growth so  no need to fear and anyone that knows how Bitcoin works has nothing to fear.
Some people had the opportunity to invest in Bitcoin 10 years ago but refused because of fear of losing there money and today they are regretting there action deeply and 10 years from now people who are also having fear in investing in Bitcoin will also regret so don't be part of those that will regret be part of those that will rejoice so accumulate enough Bitcoin.

[JayJuanGee]

[edited out]

I tried to explain in my speech that we should take care of our own tangible assets such as real estate, gold, business establishments or other assets on a priority basis and at the same time aspire to accumulate bitcoins in terms of investment. If an investor has an abundance of real assets, it can be much easier to fulfill his desire to accumulate bitcoins.

Well if a person already has assets, then he could use the cashflow from the assets to accumulate bitcoin, yet I doubt that it is a good idea to accumulate various assets instead of accumulating bitcoin, since you are implying that it is better to have property rather than bitcoin, since the property could cashflow, and surely that is not necessarily a true assertion.

The cash flow that he will have from having these tangible assets can prompt him to accumulate bitcoins from every level,

If he does not already have the properties (or tangible assets), then you seem to be presuming that it is better to buy the tangible assets prior to buying bitcoin, which I doubt whether properties are a better asset than bitcoin.

which you can consider as an alternative floating cash from which an alternative source of income every week or every month.

Yes, you can get sources of income from working or from owning assets, but that still does not mean that it is better to buy cashflowing business or properties rather than buying bitcoin.

Your use of the term float seems to be wrong.. usually float money would be the extra money that you have between paychecks based on uncertainties in either income or expenses, so sometimes you have to keep extra money in case your income is lower than expected or your expenses are higher than expected.

Surely you could have cashflowing businesses or properties that give you extra income. so then that would add to your disposable income, yet again, if you have to buy the cashflowing businesses or properties, you might well would have had been better off to buy bitcoin rather than the cashflowing businesses/properties, and that is your choice if you believe that there are assets and/or businesses that might be able to beat the returns of bitcoin in the future.

I have tried to understand from almost many of your threads that you have always prioritized having a surplus of real assets or floating cash which is important and positive for managing long-term bitcoin holdings. Also recommended to keep investments flowing down the road which must work positively for every investor.

I have frequently suggested that folks need to invest into bitcoin within their discretionary income, and that if they are newbies to bitcoin, then there is no need to start out by diversifying assets, and in that regard, they can start out by investing in ONLY bitcoin and cash, which means that they could build up their bitcoin investment and their various back up funds (such as emergency fund, reserve funds and float) at the same time that they are building up their bitcoin investment.  I doubt that I have ever suggested for newbies that there would be any need to invest in other assets or properties prior to building up bitcoin holdings, and surely if folks come to bitcoin and they already have other investments, they would have more options than a person coming to bitcoin who had never had much of any investment and/or savings previously.  Personally, I believe that it is more common for bitcoin newbies to either not have any investments/savings than to have other investments and/or savings and if they do have other investments and/or savings their other investments and/or savings are likely to be fairly limited, but if they have them, then they would take those other investments/savings into account in terms of their bitcoin strategy.

Yes we have some variation in real assets such as gold, land or other valuables which may not have immediate alternative income but the sale price of these valuable assets is likely to be much higher in the future. Having an abundance of these tangible assets can make you more stress-free and motivated to increase your long-term holdings in alternative valuable assets like Bitcoin.

I don't agree with those kinds of statements, since you seem to be implying that it is better to invest in those other assets than to invest in bitcoin or alternatively you seem to be suggesting that a bitcoin investment will be stronger if it has those other investments, which truly I don't agree with that, especially since many times, I have asserted that there are hardly any needs for any of those other investments until maybe after a newbie has been investing in bitcoin for several years and established a pretty decently good size bitcoin accumulation, so initially any newbie investor in bitcoin should be sufficiently diversified with bitcoin and cash, and perhaps once his investment into bitcoin might start to get to a year or two of his expenses, then maybe he might start to consider (within his own discretion) whether to diversify into other assets. .and yeah, some guys may well want to diversify into other assets before their bitcoin investment even reached 1 year of their expenses, yet surely the building up of cash reserves and back up funds likely is much more important than to get distracted into other assets that are likely to be inferior to bitcoin..and especially for anyone who is poor or with limited funds, it seems to include a decent amount of lack of focus to be fucking around with various likely to be inferior investments, including the ones you listed, prior to getting his bitcoin investment into a decently strong place.. which could take several years, perhaps even a couple cycles or more.

Some people says is only a stingy person can invest on Bitcoin and become successful there reasons are that someone who is not stingy will always sell some part of his or her Bitcoin to solve issues, help others and enjoy life, this mindset is wrong even if you are not stingy you can still invest in Bitcoin and solve your issues, you can still help others and enjoy life, that is why you need a source of income before starting Bitcoin investment and what you are only using to invest on Bitcoin is your Discretionary income so you can do other things which will make your life interesting you just need to follow the right steps.
Some steps one needs to follow are:
1. Have a good source of income
2. Have good emergency, reserve and float funds.
3. Manage your salary very well
4. Don't be aggressive in your investment without having a backup funds.
5. Be consistent
6. Be patient.

All this are some few things I know can help when one wants to start or have already started Bitcoin investment, one don't need to rush in going into Bitcoin investment when you calm down and ask questions make research it will help you grow well in your Bitcoin investment journey.

If by stingy they mean only some that has a very tight hand to hold can invest into bitcoin then I will say they are correct, for you to be a good or profitable bitcoin holder, the urge to sell at every slightest opportunity should be something you need to control, this doesn’t in no way means you just hold and don’t take profit, No you can set a take profit target and when the price gets there you take some profits and then invest into other businesses or assets for diversification sake this will even give you more income to buy more future dips.

Looking at the tips you listed i will like you to add the one ultimate tip which never invest what you cannot afford to lose even if the assets is having a good history like bitcoin, investing in what you can afford to lose doesn’t necessarily even safe you from losing but actually keeps you calm even when the price dips and allows you to make better decisions.

If you are using the DCA strategy to invest in Bitcoin how will you be able to invest what you will be able to lose since you are accumulating Bitcoin bit by bit on a weekly or monthly basis or are you saying if you accumulate to a certain level one can stop in other to invest what one can lose.
Yes there's risk in every investment but investing what you can afford to lose is not for all investment there are some investment that one don't need to think about losing to the extend that it will now affect your accumulation journey, this saying is what have stopped a lot of people from being consistent in there Bitcoin investment, this investing what you can afford to lose is for gambling, shitcoins and Ponzi scheme.
The history of Bitcoin is something one should take serious in knowing because from the history you will know that Bitcoin is one of the best investment to go into without fear of losing, Bitcoin has not reached half of it's growth so  no need to fear and anyone that knows how Bitcoin works has nothing to fear.
Some people had the opportunity to invest in Bitcoin 10 years ago but refused because of fear of losing there money and today they are regretting there action deeply and 10 years from now people who are also having fear in investing in Bitcoin will also regret so don't be part of those that will regret be part of those that will rejoice so accumulate enough Bitcoin.

The idea of investing no more than you can afford to lose is the same as making sure that you are investing within your discretionary income and not using money that you need for expenses.  Also bitcoin is not guaranteed to be successful, so everyone should realize that he could lose up to 100% of what he puts into bitcoin.  Surely no one invests into bitcoin (or anything else) or even engages in trading with any intention to lose, yet they still need to account for the possibility that they are not using money that they need for their expenses whether expenses in the coming month or two or even expenses down the road.

[Mr.right85]

The idea of investing no more than you can afford to lose is the same as making sure that you are investing within your discretionary income and not using money that you need for expenses.  Also bitcoin is not guaranteed to be successful, so everyone should realize that he could lose up to 100% of what he puts into bitcoin.  Surely no one invests into bitcoin (or anything else) or even engages in trading with any intention to lose, yet they still need to account for the possibility that they are not using money that they need for their expenses whether expenses in the coming month or two or even expenses down the road.

That’s true eventually as, the idea of how Bitcoin investments should be approached and I agree on the not having a 100% guarantee on it but, it has some guarantee none the less, especially when compared with the many altcoins out there. Bitcoin has more proven guarantee then the lots of them, deeply rooted in its price history and how it’s carried despite many critic and attacks.

[Glen Hoddle]

2. Lack of fund: these are people who understands how Bitcoin investment works but because they don't have good source of income that can help them sail through...

Such person should look for a second means of income or cut down his expenses if he has the zeal an d desire to invest in bitcoin, he will find a way to invest with a little amount because you must not start buying bitcoin with big amount of money.

No one should be pressured to invest in Bitcoin because it will make no sense for someone who is not financially stable to invest in Bitcoin because they will end up selling to meet up their immediate needs. Even as we wish to invest in Bitcoin but it shouldn't be under severe financial circumstances, if anyone should invest in Bitcoin it should be at a time when they have a steady income that will sustain their investment plans. Anyone can decide to start making investments at any time they wish to provided they have a long term targets, they definitely gonna own as much Bitcoin as they wish to. Bitcoin is still very much developing, there's no need for a rush for someone who isn't financially buoyant instead they need to look for jobs or businesses that will generate steady income for them then they can use the proceeds to invest in Bitcoin.

Before going into Bitcoin investment one needs to have a source of income however it must not be a huge source of income but just a good one that can give you a Discretionary income once you have such income you can start investing in Bitcoin, starting Bitcoin investment without a good source of income will make you dip hands into your Bitcoin always.
Some people says is only a stingy person can invest on Bitcoin and become successful there reasons are that someone who is not stingy will always sell some part of his or her Bitcoin to solve issues, help others and enjoy life, this mindset is wrong even if you are not stingy you can still invest in Bitcoin and solve your issues, you can still help others and enjoy life, that is why you need a source of income before starting Bitcoin investment and what you are only using to invest on Bitcoin is your Discretionary income so you can do other things which will make your life interesting you just need to follow the right steps.
Some steps one needs to follow are:
1. Have a good source of income
2. Have good emergency, reserve and float funds.
3. Manage your salary very well
4. Don't be aggressive in your investment without having a backup funds.
5. Be consistent
6. Be patient.

Each of the few rules you mentioned here are important to me, but adding a few here would be most beneficial.  Because when a person starts investing with his salary money and the surplus money left after meeting the basic needs of the family, it is most important to invest in DCA method of Bitcoin without continuing the money. Because success is possible in investing, it is certain, because every person knows that Bitcoin is the only trust.  So buy here at low price and hold for long time when you get enough profit sell and hold again.

However, while investing in Bitcoin must be experienced, you can't invest at any point in time. But if you have experience with Bitcoin then you can definitely invest by following DCA method and accumulate it for a long time and sell it again. But the point of selling is not clear enough to me, because I will accumulate bitcoin first and keep it for a long time. Later I can sell it when my situation and benefits reach the maximum value. Patience is the most important thing to do with this, because if you lose patience, your investment will not last.

[laijsica]

I have tried to understand from almost many of your threads that you have always prioritized having a surplus of real assets or floating cash which is important and positive for managing long-term bitcoin holdings. Also recommended to keep investments flowing down the road which must work positively for every investor.

I have frequently suggested that folks need to invest into bitcoin within their discretionary income, and that if they are newbies to bitcoin, then there is no need to start out by diversifying assets, and in that regard, they can start out by investing in ONLY bitcoin and cash, which means that they could build up their bitcoin investment and their various back up funds (such as emergency fund, reserve funds and float) at the same time that they are building up their bitcoin investment.  I doubt that I have ever suggested for newbies that there would be any need to invest in other assets or properties prior to building up bitcoin holdings, and surely if folks come to bitcoin and they already have other investments, they would have more options than a person coming to bitcoin who had never had much of any investment and/or savings previously.  Personally, I believe that it is more common for bitcoin newbies to either not have any investments/savings than to have other investments and/or savings and if they do have other investments and/or savings their other investments and/or savings are likely to be fairly limited, but if they have them, then they would take those other investments/savings into account in terms of their bitcoin strategy.

In essence I can take into account that the best decision for an investor to accumulate bitcoins is going to be much more valuable to him than any real valuable asset. I am pretty sure that investors who are already gradually accumulating bitcoins to build their portfolios to a decent size and if the portfolio is 2 years old or more will be more attracted to bitcoins than other assets. Although it depends on the amount of Bitcoin deposits whether it is really decent size or within 1 year many people's portfolio can be relatively decent size. After that time he should be more aggressive towards accumulating bitcoins than other assets.

Recommended for new investors to follow a different policy which is a part of disposable income he will continue to accumulate Bitcoins and run continuously until his portfolio is of a decent size and can continue to increase the size of floating cash to meet urgent needs so that the family has no difficulty meeting expenses. However, the higher the amount of cash funds, the more aggressive the investor can be in accumulating bitcoins.

[Justbillywitt]

The idea of investing no more than you can afford to lose is the same as making sure that you are investing within your discretionary income and not using money that you need for expenses.  Also bitcoin is not guaranteed to be successful, so everyone should realize that he could lose up to 100% of what he puts into bitcoin.  Surely no one invests into bitcoin (or anything else) or even engages in trading with any intention to lose, yet they still need to account for the possibility that they are not using money that they need for their expenses whether expenses in the coming month or two or even expenses down the road.

That’s true eventually as, the idea of how Bitcoin investments should be approached and I agree on the not having a 100% guarantee on it but, it has some guarantee none the less, especially when compared with the many altcoins out there. Bitcoin has more proven guarantee then the lots of them, deeply rooted in its price history and how it’s carried despite many critic and attacks.

It is even wrong to compare bitcoin with any altcoins. Bitcoin is on a class of it's own, it has no comparison. Fuck those Alt coins and whatever they represent. There is no form of guarantee in making profit in bitcoin investment. People investing in bitcoin should have this mindset that things could go south and everything invested could be lost. Same way that they are having the confidence that it will generate profit for them. If one is only having the mindset that it will only generate profit in the end without considering the possibility of losing 100% of the investment, such investors might get hurt if in the eventuality things not going in the way they expected. Every investors should have this mindset that there is no level of guarantee in bitcoin investment.

[Ruttoshi]

However, while investing in Bitcoin must be experienced, you can't invest at any point in time. But if you have experience with Bitcoin then you can definitely invest by following DCA method

It is impossible for a new investor to have the experience of bitcoin investment when he has not invested in it. Bitcoin investment is not something you can learn the theory without practicalizing it and feel that you have the experience because it is when you have started buying bitcoin and hodli that you will begin to have the experience of investing. This is when you will be able to control your emotions when there is a dip or pumps. Patience is also practical and consistent buying regularly is also practical, reaching various bitcoin portfolio size and tweaking from one method of accumulation to the other is also practical.

A beginner only needs to know the basic knowledge of bitcoin and how much of his discretionary income that he can use to buy bitcoin regularly weekly or monthly to keep his bitcoin portfolio increasing in size overtime through DCA, and it is goof if he has extra funds to lump sum for faster growth of his bitcoin portfolio.

 But the point of selling is not clear enough to me, because I will accumulate bitcoin first and keep it for a long time. Later I can sell it when my situation and benefits reach the maximum value.

If you have reach your bitcoin target, let me say maybe 10btc, you don't need to sell all your bitcoin because you have made good profit. Instead you can sell little fraction that will not affect the size of your bitcoin and keep hodli, the rest for the value to keep on increasing overtime. If you sell all your bitcoin, what will it benefit you to hold fiat and start all over again to accumulate bitcoin, it is not a wise idea. Did you see Coca-Cola sell off their company because they have made profits and expand their business. No, investment is to always be there running an generating profits overtime.

However, the only time that an investor should think of selling part of his bitcoin is when he has over accumulated more than enough Bitcoin in his possession. A new investor should not think or put selling in his mind because he just started investing so that he does not distract himself when he sees a little profit to sell.

[Ndabagi01]

The idea of investing no more than you can afford to lose is the same as making sure that you are investing within your discretionary income and not using money that you need for expenses.  Also bitcoin is not guaranteed to be successful, so everyone should realize that he could lose up to 100% of what he puts into bitcoin.  Surely no one invests into bitcoin (or anything else) or even engages in trading with any intention to lose, yet they still need to account for the possibility that they are not using money that they need for their expenses whether expenses in the coming month or two or even expenses down the road.

That’s true eventually as, the idea of how Bitcoin investments should be approached and I agree on the not having a 100% guarantee on it but, it has some guarantee none the less, especially when compared with the many altcoins out there. Bitcoin has more proven guarantee then the lots of them, deeply rooted in its price history and how it’s carried despite many critic and attacks.

Most people don’t see bitcoin like that and they have an 100% guarantee that bitcoin will be successful after their investment in it. It is good to have such conviction because without that, you won’t be willing to put some money into it. The saying that goes “invest what you can afford to lose” will actually come to play in this case. If you’re doing an investment without any sign of been profitable, you won’t have come into it the first place.

The nature of bitcoin makes it unpredictable to be successful or not but all investors in it are optimistic of it. No one wants to lose their investment in bitcoin, infact everyone is 100% sure that their investment will yield profit in the end, but we should not forget that bitcoin is an unpredictable and volatile assets, it may or may not go well.

So, invest what you can afford to lose even though it has been proven since inception to be on an upward trajectory price till date. Investing what you can afford to lose will also not bring the thought of having to touch your investment when you need some money, you would have made up your mind by then for the money to be what you won’t touch for any emergency funds, that would have already been set aside before starting the investment in bitcoin.

[JayJuanGee]

The idea of investing no more than you can afford to lose is the same as making sure that you are investing within your discretionary income and not using money that you need for expenses.  Also bitcoin is not guaranteed to be successful, so everyone should realize that he could lose up to 100% of what he puts into bitcoin.  Surely no one invests into bitcoin (or anything else) or even engages in trading with any intention to lose, yet they still need to account for the possibility that they are not using money that they need for their expenses whether expenses in the coming month or two or even expenses down the road.

That’s true eventually as, the idea of how Bitcoin investments should be approached and I agree on the not having a 100% guarantee on it but, it has some guarantee none the less, especially when compared with the many altcoins out there. Bitcoin has more proven guarantee then the lots of them, deeply rooted in its price history and how it’s carried despite many critic and attacks.

You are saying that bitcoin does not have a guarantee, but it does.

There are better ways to say such things, without using the word guarantee or suggesting such guarantee.

Bitcoin is an asymmetric bet to the upside, so like I mentioned the most you lose is 100% of what you invest, while at the same time, there are a quite a few upside probabilities that could play out, including that bitcoin could well end up appreciating 1,000x or more greater than gold, even though bitcoin is currently ONLY about 1/15 of gold's size (referring to market cap), so yeah, bitcoin's adoption continues to go forward in terms of the Metcalfe's law and the various network effects that were outlined by Trace Mayer.  Bitcoin has also been described as a power law distribution.^** 

**Bitcoin Power law proponent Giovanni Santostasi interviewed by Robert Breedlove on the What is Money? (WIM) podcast.

So there likely is something that is more assured about protocol building that causes its future to be on a course that is within a pattern of historical performance that will cause it to continue on such trajectory.. Yet, any of us should still realize that the future is not guaranteed, whether it is bitcoin or anything else.. and yeah, there are probabilities of certain outcomes in the future, and some outcomes have higher likelihoods of playing out as compared with other outcomes, yet the mere fact that some outcomes have decently high probabilities of playing out still does not make them guaranteed or that we should be proclaiming that they are guaranteed or close to guaranteed.  In the end, you can express your ideas however you like, even though I think that it is misleading to use such phrasing to state that bitcoin is guaranteed or close to guaranteed or to imply that it is guaranteed when talking about bitcoin.

I have tried to understand from almost many of your threads that you have always prioritized having a surplus of real assets or floating cash which is important and positive for managing long-term bitcoin holdings. Also recommended to keep investments flowing down the road which must work positively for every investor.

I have frequently suggested that folks need to invest into bitcoin within their discretionary income, and that if they are newbies to bitcoin, then there is no need to start out by diversifying assets, and in that regard, they can start out by investing in ONLY bitcoin and cash, which means that they could build up their bitcoin investment and their various back up funds (such as emergency fund, reserve funds and float) at the same time that they are building up their bitcoin investment.  I doubt that I have ever suggested for newbies that there would be any need to invest in other assets or properties prior to building up bitcoin holdings, and surely if folks come to bitcoin and they already have other investments, they would have more options than a person coming to bitcoin who had never had much of any investment and/or savings previously.  Personally, I believe that it is more common for bitcoin newbies to either not have any investments/savings than to have other investments and/or savings and if they do have other investments and/or savings their other investments and/or savings are likely to be fairly limited, but if they have them, then they would take those other investments/savings into account in terms of their bitcoin strategy.

In essence I can take into account that the best decision for an investor to accumulate bitcoins is going to be much more valuable to him than any real valuable asset. I am pretty sure that investors who are already gradually accumulating bitcoins to build their portfolios to a decent size and if the portfolio is 2 years old or more will be more attracted to bitcoins than other assets. Although it depends on the amount of Bitcoin deposits whether it is really decent size or within 1 year many people's portfolio can be relatively decent size. After that time he should be more aggressive towards accumulating bitcoins than other assets.

Each person has to figure out his own situation in terms of whether to invest how to invest and into which assets to invest (such as into bitcoin or anything else), and each person will be responsible for his own assessment and measurements regarding how to go about it.

You had been suggesting that there was a need to diversify into real assets and supposedly income earning assets before investing into bitcoin, and I was largely claiming that I consider that your claim is likely not true, potentially counter-productive, and there surely are plenty of scenarios that a person (a newbie to bitcoin) could start out with just investing in bitcoin and saving in cash and then consider whether to expand into other investments at some later point down the road.  Individual factors are likely to differ, and they should be attempting to tailor their own approach in accordance with their individual factors (I describe 9 individual factors in another thread).

Recommended for new investors to follow a different policy which is a part of disposable income he will continue to accumulate Bitcoins and run continuously until his portfolio is of a decent size and can continue to increase the size of floating cash to meet urgent needs so that the family has no difficulty meeting expenses. However, the higher the amount of cash funds, the more aggressive the investor can be in accumulating bitcoins.

Sure.  The more back up funds, then the better position a person can be in terms of aggressively investing into bitcoin, so there likely are always going to be competing interests for the use of disposable income and how to prioritize the use of such disposable income, and surely having more back up funds and even higher levels of investment into bitcoin, then there could be personal choices about whether to add other kinds of investments to the holdings or whether to just continue to build the bitcoin holdings.  There is no need that they have to do in any particular order in the event that they have priorities to buy a property  or to create a cash generating business for themselves, yet they may still have to account for the tradeoffs that are involved in each of the choices, including as we have many times discussed in various threads about how some people might be in a stage of their lives where they do not earn very much money (or they are not able to earn very much money), so some of these low income earners might be in a better situation to use their resources in order to either get job training and/or to get work experiences that will increase his income, and so these particular people might be better off to use resources to invest into themselves and their own skills rather than buying bitcoin with that money, and each person has to figure out his own various balances.

No one wants to lose their investment in bitcoin, infact everyone is 100% sure that their investment will yield profit in the end, but we should not forget that bitcoin is an unpredictable and volatile assets, it may or may not go well.

You are contradicting yourself.

People invest into anything, whether bitcoin or anything else, with an expectation of profits, perhaps concluding that their investment has greater chances of gaining value as compared with losing value, yet they likely also are not going to invest into things that are either difficult for them or that they believe are ONLY slightly greater than 50/50, so they attempt to pick investments that have relatively high odds of doing better for them as compared with if they had not invested.

Sure, people may well not be able to put any kind of exact number on what probabilities that they assign to bitcoin versus some other thing that they might invest into, and they might not even be locked into their assessments.

It seems to me that if people become 100% sure that their investments will yield profits, then they might end up unrealistically taking chances, and sure some folks get out of the dilemma by considering that they are 100% sure, but it is just a matter of their not knowing the timing, so sure, we can try to frame our expectations of price performance in terms of quantity of price performance or in terms of a timeframe that the price will reach such levels, and surely it becomes nearly impossible to know both beyond an estimated assignment of probabilities that odds are good that BTC prices will go up rather than down and we are better off by investing into bitcoin as compared to some other place that we could put our value, even though 4-10 years or longer down the road, we might discover that we would have been investing into some other asset.

Each of us should be attempting to do our best with the information that we currently have, and we choose our BTC position size (or the level of our aggressiveness) based on some of our expectations of BTC's future price performance, including that we don't want to become so aggressive that we end up spending beyond out disposable income or that we have not sufficiently prepared ourselves for some shortages in our future income and/or some increases in our future expenses.

[sotelorene]

Some people says is only a stingy person can invest on Bitcoin and become successful there reasons are that someone who is not stingy will always sell some part of his or her Bitcoin to solve issues, help others and enjoy life, this mindset is wrong even if you are not stingy you can still invest in Bitcoin and solve your issues, you can still help others and enjoy life, that is why you need a source of income before starting Bitcoin investment and what you are only using to invest on Bitcoin is your Discretionary income so you can do other things which will make your life interesting you just need to follow the right steps.
Some steps one needs to follow are:
1. Have a good source of income
2. Have good emergency, reserve and float funds.
3. Manage your salary very well
4. Don't be aggressive in your investment without having a backup funds.
5. Be consistent
6. Be patient.

All this are some few things I know can help when one wants to start or have already started Bitcoin investment, one don't need to rush in going into Bitcoin investment when you calm down and ask questions make research it will help you grow well in your Bitcoin investment journey.

If by stingy they mean only some that has a very tight hand to hold can invest into bitcoin then I will say they are correct, for you to be a good or profitable bitcoin holder, the urge to sell at every slightest opportunity should be something you need to control, this doesn’t in no way means you just hold and don’t take profit, No you can set a take profit target and when the price gets there you take some profits and then invest into other businesses or assets for diversification sake this will even give you more income to buy more future dips.

Looking at the tips you listed i will like you to add the one ultimate tip which never invest what you cannot afford to lose even if the assets is having a good history like bitcoin, investing in what you can afford to lose doesn’t necessarily even safe you from losing but actually keeps you calm even when the price dips and allows you to make better decisions.

If you are using the DCA strategy to invest in Bitcoin how will you be able to invest what you will be able to lose since you are accumulating Bitcoin bit by bit on a weekly or monthly basis or are you saying if you accumulate to a certain level one can stop in other to invest what one can lose.
Yes there's risk in every investment but investing what you can afford to lose is not for all investment there are some investment that one don't need to think about losing to the extend that it will now affect your accumulation journey, this saying is what have stopped a lot of people from being consistent in there Bitcoin investment, this investing what you can afford to lose is for gambling, shitcoins and Ponzi scheme.
The history of Bitcoin is something one should take serious in knowing because from the history you will know that Bitcoin is one of the best investment to go into without fear of losing, Bitcoin has not reached half of it's growth so  no need to fear and anyone that knows how Bitcoin works has nothing to fear.
Some people had the opportunity to invest in Bitcoin 10 years ago but refused because of fear of losing there money and today they are regretting there action deeply and 10 years from now people who are also having fear in investing in Bitcoin will also regret so don't be part of those that will regret be part of those that will rejoice so accumulate enough Bitcoin.

The fact that Bitcoin has proven itself doesn't mean it is 100% certain or guarantee likewise other investment. We are not investing in Bitcoin because we are sure of what will be the outcome some years to come NO, rather we are investing because we think it has the ability to exist and also hoping that our thinking or thoughts comes to fulfillment. I will doubt anyone who says he or she is sure that Bitcoin investment is guarantee though it will stay but we don't know how long and that is the reason why people are advise to invest with what they can afford to let go so that Incase our thinking or thoughts is been cut short we won't feel it that much.

The fear of losing money is not only what has affected a lot of people not to invest in Bitcoin rather the problem is that, some don't have knowledge about it, some are not interested and some have little or no good source of income etc which is the number one thing an investor should endeavor to have so as to bring continuous investment. In summary, Bitcoin is a very nice asset to invest in but we should always use what we can afford to let go no matter how one trust the investment because no one can tell for sure what will be the outcome.

[khiholangkang]

The idea of investing no more than you can afford to lose is the same as making sure that you are investing within your discretionary income and not using money that you need for expenses.  Also bitcoin is not guaranteed to be successful, so everyone should realize that he could lose up to 100% of what he puts into bitcoin.  Surely no one invests into bitcoin (or anything else) or even engages in trading with any intention to lose, yet they still need to account for the possibility that they are not using money that they need for their expenses whether expenses in the coming month or two or even expenses down the road.

That’s true eventually as, the idea of how Bitcoin investments should be approached and I agree on the not having a 100% guarantee on it but, it has some guarantee none the less, especially when compared with the many altcoins out there. Bitcoin has more proven guarantee then the lots of them, deeply rooted in its price history and how it’s carried despite many critic and attacks.

Your sentence is inconsistent whether there is a guarantee or not in this case, I agree more if the sentence is not guaranteed but has a possibility, so in seeing the future in bitcoin.

This means don't risk the money you have entirely in bitcoin, use the money you have arranged to invest in bitcoin, after calculating your living expenses in the next few months and even a year, then after that talk about investing which will be ideal for us, investing in bitcoin is not always profitable, the point is that with fluctuations in the price of bitcoin you will experience a loss phase if your purchase price is higher, well at that time if you have urgent needs and there is no money that you arrange to overcome them, then surely you will force to sell your bitcoin at a loss.

To get a decent profit from bitcoin is to hold it with a long term, therefore it is necessary to have good money management.