Buy Buy Buy or Sell Sell Sell?

[LGD2Business]

-snip-

Buying the home you live in is vitally important. That way, you don't have to worry about rent for the rest of your life, and if you lose your job etc., your worries are reduced. Buying a home in Türkiye is very important. The population is very large, and not everyone owns a home. Rents are very high. Salaries are very low. That's why buying a home is people's main goal. I'm happy that I've been able to achieve this. I never regret cashing out my coins.
Now, regardless of how much I can save, most of it goes toward buying Bitcoin. It's not an easy task, life here is very expensive, but we can still set aside some money, and that's how I try to increase my coin holdings.

[Marvelockg]

-snip-

Buying the home you live in is vitally important. That way, you don't have to worry about rent for the rest of your life, and if you lose your job etc., your worries are reduced. Buying a home in Türkiye is very important. The population is very large, and not everyone owns a home. Rents are very high. Salaries are very low. That's why buying a home is people's main goal. I'm happy that I've been able to achieve this.

At certain phase of ones life, you will come to a point where you decide that you are at the phase where getting a good house for yourself is a good thing or not and depending on what your plan is, you can decide to get your dream house in your home country or any country of your choice and decide if you are going to live in the house or give out a portion of that house for rentage. these are part of the reason why as an investor, it is necessary that you have an investment plan and decide on what point is to be seen as your peak investment status. at your peak investment status when you have reached your investment goal, whatever you do at that point is absolutely okay as long as you have attained your goal. it is only bad that at the stage when you should be accumulating bitcoin you switch to selling your just because you want to be seen as an house holder.

I never regret cashing out my coins.
Now, regardless of how much I can save, most of it goes toward buying Bitcoin. It's not an easy task, life here is very expensive, but we can still set aside some money, and that's how I try to increase my coin holdings.

sounds like satisfactory to me though i will tend to see it as though you have been investing for so long a time that you are able to have chopped off a part of your holding for a dream house and yet you are still all involved in investing yet again. it takes an investor that that understand the system real well and that has become profitable in his investment to undergo this circle and for that, it demands an applause. hopefully, you get to stay invested for the long term yet again and be more profitable with your current investment than the past.

[Regardme]

Also starting with a large sum of money will lead your investment nowhere, alot of persons that started like that ends up with nothing, anyone saying he wants to start accumulating bitcoins with large sum of funds shows he is not serious or even ready for Bitcoin investment, you are supposed to start small and grow big that is why the dca strategy with your discretionary income is there for you to adopt remember time is money and waits for no one avoid procrastination to avoid being a low or no coiner, since the market either will not wait for you .

Your statement is misleading,there is nothing wrong with investing hugely in bitcoin. Haven't you heard about the big whales in bitcoin and how successfully they have grown for investing big and holding for the long term? You shouldn't expect people discretionary income to be the same,that can't be possible. Anyone can start with any amounts provided it is discretionary income. It doesn't matter Whether it is a large or small amount provided it an amount they can afford to lose. The bigger your bitcoin portion and the longer you hold is what will determine how successfully you will become.

It is a bad idea if someone decides to invest in bitcoin using a lump sum amount as long as they are investing from there Discretionary income.However most people may not fancy the idea of starting with huge amounts of money rather they may prefer to start small and grow there bitcoin holdings as time goes.
About the big whales am not sure if all of them started with huge amounts of money, consistentency plays a great role in building a good portfolio.

You’re not so correct. I would say it’s not a bad idea, investing lump sum is not inherently bad if you have the cash ready, a solid emergency funds, with risk tolerance, and having a long term investment mindset like 4-10 years. You have to understand that anyone can invest in bitcoin both rich and poor. If a rich person, who has set aside a back up funds then probably decides to starts with a lump sum, knowing too well he’s investing what he can afford to loose. will you call it a bad idea. The way people are different, so it’s their approach to investing in bitcoin is, in as much as the goal is to hodl for a long term. Yes DCA method is very good and tend to be smarter, even more practical choice since it’s allows you to invest on a weekly or monthly basis especially to beginners and even people with low income. DCA works so well practically. It tends to turns small, regular discretionary income into a bigger portfolio over time without requiring perfect timing.

[PhilosopherKing]

-snip-

Buying the home you live in is vitally important. That way, you don't have to worry about rent for the rest of your life, and if you lose your job etc., your worries are reduced. Buying a home in Türkiye is very important. The population is very large, and not everyone owns a home. Rents are very high. Salaries are very low. That's why buying a home is people's main goal. I'm happy that I've been able to achieve this.

At certain phase of ones life, you will come to a point where you decide that you are at the phase where getting a good house for yourself is a good thing or not and depending on what your plan is, you can decide to get your dream house in your home country or any country of your choice and decide if you are going to live in the house or give out a portion of that house for rentage. these are part of the reason why as an investor, it is necessary that you have an investment plan and decide on what point is to be seen as your peak investment status. at your peak investment status when you have reached your investment goal, whatever you do at that point is absolutely okay as long as you have attained your goal. it is only bad that at the stage when you should be accumulating bitcoin you switch to selling your just because you want to be seen as an house holder.

There is time for all things, there is a time to buy and hold which is when you have discretionary income. There is so a time to sell. But selling while still accumulating is sometimes emerges out from impatience and it completely fucks people plan up.

It makes perfect sense for people to come up with an investment plan should support holding bitcoin over a long haul. True shelter is a basic needs for every people, but to sell the bitcoin you have just to buy a house when still accumulating is not right at all, unless the person has already accumulated more than enough.

[Rockson1]

And emergency funds are also used in the purchase of Bitcoin, so emergency funds create savings in all aspects.

This is actually misleading and it's an act that we should avoid by all means because investing your emergency funds into Bitcoin put your investment in serious risk where you will be forced to sell off your holdings when emergency situation arises the moment you used it to invest. So it's a very big mistake we all should avoid.

Additionally, emergency funds stands as the last layer of protection for your Bitcoin investment, so investing with it makes no sense at all because by doing so, your Bitcoin investment becomes vulnerable to any emergency situation that may come up that period, so don't be tempted to commit that self destruct, thinking you are doing the right thing.

I think he might be referring to reserve funds as I see, because there is no way anyone should be considering such a mistake like investing there emergency funds, Bitcoin investment has a lot it has taught Bitcoiners especially those that are ready to learn, what is the reason for emergency funds, I think that should be the question here, if he @As-soon-As understands this, he will definitely withdraw his statement, reseve funds can be used to buy Bitcoin for instance when we keep doing our DCA with our discreationary income and all off a sunden the price crash and we would love to buy more in large quantity at the point, if we have reserve funds available, we can go ahead to buy with it after all it is a reserve fund, we can say it serve different purposes, but we can't put emergency fund here because it's purposes are strictly outlined which is helping us to scale through emergencies without failing back to our investment as alternatives.

[Gallar]

There is time for all things, there is a time to buy and hold which is when you have discretionary income. There is so a time to sell. But selling while still accumulating is sometimes emerges out from impatience and it completely fucks people plan up.

It makes perfect sense for people to come up with an investment plan should support holding bitcoin over a long haul. True shelter is a basic needs for every people, but to sell the bitcoin you have just to buy a house when still accumulating is not right at all, unless the person has already accumulated more than enough.

I think that when we talk about this, it's clear that everyone will have different opinions, because basically this will be based on the needs of the individual. So, for example, if someone doesn't have a house and the only way to get one is to sell their bitcoin, I don't think we can say that this is wrong. Because a house is a necessity that I think is very important, especially for those who already have a family. Because if you continue to rent a house for a long time,, it will certainly cost a lot of money and also take a toll on your mental health.

Because every month,, we will definitely be worried and anxious when renting a house, because if we cannot pay the rent, we will definitely be evicted and will not have a place to live. Additionally, house prices increase significantly every year. Therefore, buying a house now is clearly more advantageous than buying one in five years. Therefore, in my opinion, selling Bitcoin to buy a house is still understandable, as it is clearly a necessity. And after owning a house, I believe that person will be able to focus more on accumulating Bitcoin again. Because after owning a house, they will no longer have to worry about rent. That is my conclusion

[The Founding Titan]

Also starting with a large sum of money will lead your investment nowhere, alot of persons that started like that ends up with nothing, anyone saying he wants to start accumulating bitcoins with large sum of funds shows he is not serious or even ready for Bitcoin investment, you are supposed to start small and grow big that is why the dca strategy with your discretionary income is there for you to adopt remember time is money and waits for no one avoid procrastination to avoid being a low or no coiner, since the market either will not wait for you .

These set of persons are only out there sitting on the fence and discouraging other investors from investing, when will they have the required amount of money that will be pleasing to them to invest in bitcoin, and how long will it take them to reach their over accumulation stage for eternity, these are the set of persons that ends up regretting their actions in time to come when Bitcoin price has increased more than expected, because they could no longer buy it again by then it will be too high for them to purchase, they will start waiting for the dip, always having one excuse or the other not to invest in bitcoin.

Alot of did not start small, some of them are not even individualsbut cooperations and even countries but for individual holders alone thee are people who still started their bitcoin investment with what can be considered alot of money, some people drained out the previous investment and pushed everything they got from there into their bitcoin investment even though they were just starting out so just because you started small doesn't mean everyone did the same thing and I'm also not saying that starting small is wrong, there is nothing wrong with how a person start providing that they are starting with their discretionary income, even the money gotten from a previous investment is still discretionary because you are still not short on your bills, you essential needs have already been taken care of with your regular income so whatever came out of your previous investment is discretionary.

[Proty]

Bitcoin should be invested with the money that you are saving for the future, if you invest in Bitcoin with discretionary income, then it will definitely be easier to maintain your video in the long term. Because later on, you will not come from outside on Bitcoin investment, so investing in Bitcoin with discretionary income gives the most benefits.
Because those who have held Bitcoin have formed an emergency fund, by forming an emergency fund, it is possible to sustain Bitcoin investment for a long time. And emergency funds are also used in the purchase of Bitcoin, so emergency funds create savings in all aspects.

It is very risky to use your emergency funds for buying bitcoin, even if you are not planning to hold for long term. Using emergency funds to invest in bitcoin instead of discretionary as it ought to be is a big mistake on the part of the person. Emergency funds just as the name conote should be used for addressing emergency situations and not for investing. If you emergency funds for investing in bitcoin for a long term, it means you will locking up your emergency funds for years.what then will happen when we are face with urgent situations?.
Who ever that puts there emergency funds to buy bitcoin is not investing in bitcoin but there motive is trading.

[ruykeri]

Alot of did not start small, some of them are not even individualsbut cooperations and even countries but for individual holders alone thee are people who still started their bitcoin investment with what can be considered alot of money, some people drained out the previous investment and pushed everything they got from there into their bitcoin investment even though they were just starting out so just because you started small doesn't mean everyone did the same thing and I'm also not saying that starting small is wrong, there is nothing wrong with how a person start providing that they are starting with their discretionary income, even the money gotten from a previous investment is still discretionary because you are still not short on your bills, you essential needs have already been taken care of with your regular income so whatever came out of your previous investment is discretionary.

We should always talk about what is applicable and beneficial to the general public. Having a large amount of money in other investments or savings does not mean that it is a discretionary income . Discretionary means that even if you lose or get stuck with the money, it will not disrupt your life, emergency expenses, and cash flow. Money from previous investments may sometimes be needed to cover future large expenses, business buffers, or emergency reserves. In that case, it is not discretionary income but money from other responsibilities. And investing all the money in Bitcoin at once will depend on the person's desire or financial situation. Starting with a large amount is not prohibited, but if it increases the risk of a forced sale, then it is a bigger problem. If you reduce your reserves by putting in a large amount, then you will be forced to sell Bitcoin at the right time when your income stops, medical expenses, or family emergencies occur. It is not right to think of individuals as corporations or countries in the same way. Institutions have much higher cash flow, borrowing capacity, and risk-taking capacity. It is not right to compare individual investors with them.

[YUriy1991]

Emergency funds are the last bastion to protect yourself from crises that might occur, so it is not recommended to use emergency funds on investments that are quite risky. I believe that people who have large savings reserves will have more freedom to invest and are often ready to face any risks that occur. Then, if some people have a mediocre income and dare to continue using their funds on risky assets, it will be very draining and mentally draining. So don't take a hasty attitude but stay on a healthy line of thinking.

You're absolutely right... and I completely agree with what you said in your post. The key to investing in this investment in my opinion is to have a reserve fund for emergencies. Don't use all your savings to invest in a single asset, that's a very risky move. Market conditions have been very confusing over the past few months. If you don't manage your finances wisely you could lose everything. which could leave you exhausted and even frustrated when the market falls into the red. However, if you have an emergency fund at least for the next three or four months you can survive this situation while waiting for the market to recover. if you risk everything you'll clearly be trapped. There's no other solution but to sell assets at a loss because you don't have other reserve funds for urgent living expenses. Experiences like this often discourage people from investing in Bitcoin.

[The Founding Titan]

Alot of did not start small, some of them are not even individualsbut cooperations and even countries but for individual holders alone thee are people who still started their bitcoin investment with what can be considered alot of money, some people drained out the previous investment and pushed everything they got from there into their bitcoin investment even though they were just starting out so just because you started small doesn't mean everyone did the same thing and I'm also not saying that starting small is wrong, there is nothing wrong with how a person start providing that they are starting with their discretionary income, even the money gotten from a previous investment is still discretionary because you are still not short on your bills, you essential needs have already been taken care of with your regular income so whatever came out of your previous investment is discretionary.

We should always talk about what is applicable and beneficial to the general public. Having a large amount of money in other investments or savings does not mean that it is a discretionary income . Discretionary means that even if you lose or get stuck with the money, it will not disrupt your life, emergency expenses, and cash flow. Money from previous investments may sometimes be needed to cover future large expenses, business buffers, or emergency reserves. In that case, it is not discretionary income but money from other responsibilities. And investing all the money in Bitcoin at once will depend on the person's desire or financial situation. Starting with a large amount is not prohibited, but if it increases the risk of a forced sale, then it is a bigger problem. If you reduce your reserves by putting in a large amount, then you will be forced to sell Bitcoin at the right time when your income stops, medical expenses, or family emergencies occur. It is not right to think of individuals as corporations or countries in the same way. Institutions have much higher cash flow, borrowing capacity, and risk-taking capacity. It is not right to compare individual investors with them.

So what if I won a lottery or maybe got some kind of a financial inheritance, will you not consider that as discretionary income? And what if then I decided to put all that money into investing in bitcoin as a way to start my bitcoin investment? we need to look beyond certain limitations, you don't have to get a salary from work to be able to generate discretionary income because there are other ways to get these things done.
If could even be that I received some kind of bonus from work that pushed my usual pay up by 20% and on a regular day my discretionary income was about 30% of my usual income and then I decided I was going to invest 20% out of that 30% in bitcoin but with an extra 20% in hand I could raise that to 40% it may not look like much but that's double what you initially planned to start you investment with or will you not consider that as slot of money?

[Derekfunds]

Also starting with a large sum of money will lead your investment nowhere, alot of persons that started like that ends up with nothing, anyone saying he wants to start accumulating bitcoins with large sum of funds shows he is not serious or even ready for Bitcoin investment, you are supposed to start small and grow big that is why the dca strategy with your discretionary income is there for you to adopt remember time is money and waits for no one avoid procrastination to avoid being a low or no coiner, since the market either will not wait for you .

These set of persons are only out there sitting on the fence and discouraging other investors from investing, when will they have the required amount of money that will be pleasing to them to invest in bitcoin, and how long will it take them to reach their over accumulation stage for eternity, these are the set of persons that ends up regretting their actions in time to come when Bitcoin price has increased more than expected, because they could no longer buy it again by then it will be too high for them to purchase, they will start waiting for the dip, always having one excuse or the other not to invest in bitcoin.

Alot of did not start small, some of them are not even individualsbut cooperations and even countries but for individual holders alone thee are people who still started their bitcoin investment with what can be considered alot of money, some people drained out the previous investment and pushed everything they got from there into their bitcoin investment even though they were just starting out so just because you started small doesn't mean everyone did the same thing and I'm also not saying that starting small is wrong, there is nothing wrong with how a person start providing that they are starting with their discretionary income, even the money gotten from a previous investment is still discretionary because you are still not short on your bills, you essential needs have already been taken care of with your regular income so whatever came out of your previous investment is discretionary.

The question we should ask is  " are we actually using what we can afford to lose ( discretionary income)"? And if we can answer this question then we are good  because what we are using to invest in Bitcoin, regardless of how big or small it is doesn't really matter but as long as it is what we can afford to lose that is most important and yes starting small doesn't matter and what matters also is how consistent and committed you are in making sure to grow your portfolio and getting to your overaccumulation stage.

[Hardyrobust]

Also starting with a large sum of money will lead your investment nowhere, alot of persons that started like that ends up with nothing, anyone saying he wants to start accumulating bitcoins with large sum of funds shows he is not serious or even ready for Bitcoin investment, you are supposed to start small and grow big that is why the dca strategy with your discretionary income is there for you to adopt remember time is money and waits for no one avoid procrastination to avoid being a low or no coiner, since the market either will not wait for you .

These set of persons are only out there sitting on the fence and discouraging other investors from investing, when will they have the required amount of money that will be pleasing to them to invest in bitcoin, and how long will it take them to reach their over accumulation stage for eternity, these are the set of persons that ends up regretting their actions in time to come when Bitcoin price has increased more than expected, because they could no longer buy it again by then it will be too high for them to purchase, they will start waiting for the dip, always having one excuse or the other not to invest in bitcoin.

Alot of did not start small, some of them are not even individualsbut cooperations and even countries but for individual holders alone thee are people who still started their bitcoin investment with what can be considered alot of money, some people drained out the previous investment and pushed everything they got from there into their bitcoin investment even though they were just starting out so just because you started small doesn't mean everyone did the same thing and I'm also not saying that starting small is wrong, there is nothing wrong with how a person start providing that they are starting with their discretionary income, even the money gotten from a previous investment is still discretionary because you are still not short on your bills, you essential needs have already been taken care of with your regular income so whatever came out of your previous investment is discretionary.

The question we should ask is  " are we actually using what we can afford to lose ( discretionary income)"? And if we can answer this question then we are good  because what we are using to invest in Bitcoin, regardless of how big or small it is doesn't really matter but as long as it is what we can afford to lose that is most important and yes starting small doesn't matter and what matters also is how consistent and committed you are in making sure to grow your portfolio and getting to your overaccumulation stage.

Yes consistency is very important in building a good portfolio in bitcoin. However saying that what we are using doesn't is something I don't agree with because what you put in really matters. For an investor that is accumulating bitcoin on monthly basis using $200k as part of there discretionary income to invest in bitcoin and someone that is using $50 to invest in bitcoin on the same month basis. The first person will be able to accumulate a reasonable amount within a short time. If we try to compare there bitcoin holdings the difference will be much. As much as consistency play a vital role in building up our portfolio in bitcoin the amount of discretionary income used also play a role here.

[Joeboy]

The question we should ask is  " are we actually using what we can afford to lose ( discretionary income)"? And if we can answer this question then we are good  because what we are using to invest in Bitcoin, regardless of how big or small it is doesn't really matter but as long as it is what we can afford to lose that is most important and yes starting small doesn't matter and what matters also is how consistent and committed you are in making sure to grow your portfolio and getting to your overaccumulation stage.

Though folks can invest in whatever way they want even for those that invest wimpily, but I like suggesting that folks be as aggressive as they can be when investing but they shouldn't push past their limit...The reason I suggest so is that aggressiveness shortens the time it would take to build a stronger and bigger portfolio. But investors should always ensure that when aggressively investinh, the money they use to do so, only comes from their discretionary income, since they will not be needing the money anytime soon..

[Sulegzy39]

What about you LGD2Business? 
When did you start to get serious about your bitcoin accumulating?

We cannot turn the clock back, yet even a $30 per week investment in bitcoin since your registration date in April 2015 would have had resulted in right around $17k invested, yet around 9 BTC.  I am not sure if that would have had been enough for you, but there surely was enough time.

I know in some of your historical posts, you had seemed to have had gotten distracted into trading kinds of ideas, so surely there could pass years and years before a guy ends up getting serious in his bitcoin accumulation - even though starting later ends up resulting in higher costs per coin (and fewer coins too), yet none of us can turn back the clock, so we have to figure out how to start accumulating bitcoin once we figure out that ongoing accumulation of BTC would have had been the better of possible strategies.

I can say it happened sometime after I joined here. If I had started right in 2015, I'm sure it would have made a big difference, but at the time I didn't trust it enough and didn't have the capital to invest. But I can say that I got a return on the investments I made later on. I'm not very good at trading, like most of else, I prefer to buy and hold.
Bitcoin helped me buy my own home. If I had stayed in a rental and held onto the coins longer, I might have been able to buy a better house, but at the time it was a necessity, and we can't know the future for sure.

Arguing buying a home with your bitcoin profits is a form of trading (and/or reallocation) since you were likely disrupting your bitcoin accumulation process.. and surely, you likely can recognize that even if you had started focusing on aggressively accumulating bitcoin more than a year after your forum registration date, you could have had gotten close to whatever your overaccumulation amount is, especially if you were able to invest in the ballpark of 15% or more of your annual income into bitcoin.  Surely your choice to pull some of your profits out of bitcoin to buy a house had a considerably great impact to your bitcoin accumulation and buying a house may have also created a lot of additional financial obligations to diminish how aggressively you would be able to accumulate bitcoin.

I have difficulties imagining situations where guys have house payments and servicing obligations and also would be able to dedicate more than 10% of their income to buying bitcoin.. so focusing on other investments surely ends up with high likelihoods of diluted abilities to invest in bitcoin.

I needed to secure myself. That's why we invest in the first place. After moving into my own home, I was able to invest more comfortably, even though I had to start my capital from scratch. It's a long marathon. Once you've taken care of some needs, you can see the path ahead more clearly.

Perhaps there can be some solace in owning your own residence rather than renting, yet I still have difficulties imagining situations in which a guy might have home servicing obligations and still being able to invest more than 10% of his income into bitcoin.  Maybe your situation is different?   And of course I understand that there may well be psychological reasons and not just financial reasons for  choosing house ownership, and like you mentioned, you likely can reassess your past actions and see that you would have had been much better off financially to just keep the value in bitcoin and to ride out the renting a bit longer.. even though you experienced some psychological benefits from going down the home owner path.

Regarding your having to start over, that is too bad, and maybe guys can figure out that if they need to (or want to) divert some of their bitcoin investment into home ownership, property or some other inferior investment asset, they might try to consider ways to ONLY use part of their bitcoin holdings (perhaps less than half of it) so that they do not end up overly diluting their bitcoin holdings, even though it can frequently be challenging to figure out how to allocate money and temptations to use bitcoin in other ways such as home ownership or even business ownership can sometimes end up greatly depleting the bitcoin holdings and potentially causing situations in which a person had gotten transitioned into being a no coiner and then staying in low coiner status for extended periods of time when he could have had made better choices in regards to the level of his chosen bitcoin dilution.

And, surely something like a house can be a fairly sticky investment because it tends to be difficult to get into and out of and there are quite a few financial costs too in terms of opening and closing costs.

There is no way to go back, and frequently we merely have to figure out ways to learn from any mistakes that we might have made, to the extent that we might conclude that any of our past actions were mistakes, and sometimes we might not consider our past actions to be mistakes, even though the financial ramifications of our previous actions might be quite costly when we go back and measure with some intention to try to figure out if we can learn how to potentially improve our future actions based on our assessment of costs and benefits of past conduct.

Purchasing your primary residence is critical. That way, you won't have to worry about rent for the rest of your life, and if you lose your job, your worries will be alleviated. Buying a home in Turkey is quite significant. The population is large, and not everyone has a home. Rents are extremely exorbitant. Salaries are really low. That is why most individuals want to own a home. I'm glad I was able to achieve this. I've never regretted cashing out my coins. Now, no matter how much I save, the majority of it goes toward purchasing Bitcoin. It's not an easy endeavor; life here is quite expensive, but we can still save some money, which is how I strive to expand my coin holdings.

[JayJuanGee]

[edited out]

It that makes perfect sense to view life as an "emergency fund," meaning that funds are available to protect you from unexpected events and should not be used for investment purposes in high-risk situations. People who have a strong savings and can rely upon them have more flexibility in their lives, allowing them to deal with fluctuations in the stock market without becoming as stressed. Conversely, if you are trying to invest with a very limited income, you will often find yourself feeling both financially and emotionally drained from the pressure of knowing that you have put at risk your ability to provide for basic needs. Gone are the days when you are able to make a wise investment decision, calmly following a disciplined approach, while remaining within a reasonable financial limitation, before succumbing to an emotional or promotional act of desperation.

You sound like a bot Jaksonhard. Did you ever think about using the word "bitcoin" in your post?

We are talking about bitocin in this thread, so the idea of emergency funds (or back up funds) should be within the context of investing into bitcoin and perhaps protecting our bitcoin within situations in which our income might have had gone down and/or our expenses might have had gone up. 

So if we run out of money to pay for our basic expenses, then perhaps we would drain some if not all of our back up funds prior to touching our bitcoin. 

If we do not have any back up funds, then the only thing that we could sell is our bitcoin, so maybe we are building up such back up funds to try to protect our bitcoin as much as that might be feasible and practical in the event that we might have goals to try to holding our bitcoin for 4-10 years or longer, so if we do not keep adequate back up funds, then if we suffer from loss of income and/or increase in expenses, then we might not be able to meet our investment goal timeline.. and by the way, I personally think that most people should be aiming to invest in 10 years or longer, unless they have an age or health reason why they cannot invest 10 years or longer.. .

.otherwise if guys are using bitcoin to save up for some other asset, such as a house or a business, then they might be trading rather than investing even though they might have reached their goal to sell their bitcoin and then to get into an inferior asset or a consumption item, which means that they largely are no longer investing when going down the trading path.

-snip-

Buying the home you live in is vitally important.

It is a choice, and you pretty much already admitted that it is inferior as an investment, and you might also want to acknowledge that it has a lot of consumption good components to it, even though you are proclaiming to get solace from it, including the solace of other family members, too.

That way, you don't have to worry about rent for the rest of your life, and if you lose your job etc., your worries are reduced.

Sure there is some value in those things. I am not denying that part.

Buying a home in Türkiye is very important. The population is very large, and not everyone owns a home. Rents are very high. Salaries are very low. That's why buying a home is people's main goal. I'm happy that I've been able to achieve this. I never regret cashing out my coins.

I am glad it worked out for you.. and sure there is likely going to be locality variation in terms of the cost/benefits that are involved in owning versus renting.

Now, regardless of how much I can save, most of it goes toward buying Bitcoin.

I cannot recall if you said how many years that you have been in your house, yet I would imagine that there are initial starting costs that might cause it to take a few years before ownership becomes cheaper than renting..

So, sure if you might have had been able to pay all of the transition costs, then maybe after that any further payments that you had were much lower than your previous rental charges, so in that sense maybe you end up having higher discretionary income to be able to buy bitcoin.. even though surely there are some folks who buy way more house than what they might need, so then their costs of owning the house end up going up rather than down.

It's not an easy task, life here is very expensive, but we can still set aside some money, and that's how I try to increase my coin holdings.

Good.  Maybe some day you can go through some of your calculations in order to attempt to make actual comparisons, and of course, you don't necessarily need to, since sometimes people don't necessarily want to know certain things.

You had also already admitted that if you had waited longer, you could have had bought more house (and presumptively a better house) from the bitcoin that you ended up selling to buy the house.

If you gave me dates I could fill it in.. but let me do a hypothetical, and try to snap you back into some semblance of reality.

Let's say that when you got into bitcoin in April 2015, you accumulated for 4 years at $60 per week (or should we use 5 years?), and then you sold all of your bitcoin to buy the house... I will try each of the two scenarios.

Let's say that you were able to buy $60 per week.

So in the first scenario you invested into bitcoin at $60 per week until mid-2019 (which would have had $13k invested into bitcoin), and so you accumulated right around 17.2 BTC, so then in 2019, maybe you were able to get right around $8k per coin.. so you were able to get right around $137k for your BTC... so you bought your house with that.

The second scenario you invested into bitcoin at $60 per week until mid-2020 (which would have had $16k invested into bitcoin), and so you accumulated right around 17.5 BTC, so then in 2020, maybe you were able to get right around $8k per coin.. so you were able to get right around $140k for your BTC... so you bought your house with that.

Those two scenarios are not very different in terms of the amount of bitcoin that you could have had reasonably accumulated and then even the amount that you could have had gotten for your coins in some reasonable scenarios.. and then what those right around 17 bitcoin would be worth today in order to buy a similar amount of house or more house.  The answer should be pretty obvious that even right now, you could sell around 2 BTC and get the same quantity of house even if the houses went up in price maybe it would have had cost you around 3 BTC today for a similar house... about 1/5 the quantity of BTC for the same house between 2019/2020 and now.

Of course, I am making up the dates to some extent, but I still think that I make my point that there is a very great difference between bitcoin ownership and house ownership ad sometimes some patience can end up paying off so that you could end up getting both (and sure maybe you might not profit as much from this information, yet guys can think about the matter so that they do not end up making similar mistakes).

And by the way, if you started accumulating bitcoin since selling them all in 2019/2020, even if you were able to invest $200 per week (based on freeing up of rent money or whatever you were saying) since January 2020 (in the first example), by now you would have had invested $63k and you would have had accumulated right around 2.4 BTC.  It takes a lot of money to get back the BTC that you sold and you will likely never come close to getting them back even if you are able to invest more money now as compared with back when you got them.

In the second example, if you started back investing back into bitcoin at $200 per week since January 2021, you would have had invested $53k and accumulated 1.3 BTC.

I have difficulties imagining scenarios in which using all of your BTC to buy a house would have had been a good financial choice (even though it might have had temporarily made you feel good) even though maybe using some portion less than 50% of your bitcoin stash might have had been a more acceptable outcome, which might have caused you needing to wait another year or two before buying the house.

By the way, I got my DCA numbers from https://newhedge.io/bitcoin/dollar-cost-averaging-calculator  You can plug in the dates and the numbers at that website.

Sorry to break all the news to you, even though you surely have the numbers available and you could share them, even though I don't necessarily want you to break any of your OPsec with actual personal details.

[MagnificentX]

10
Arguing buying a home with your bitcoin profits is a form of trading (and/or reallocation) since you were likely disrupting your bitcoin accumulation process.. and surely, you likely can recognize that even if you had started focusing on aggressively accumulating bitcoin more than a year after your forum registration date, you could have had gotten close to whatever your overaccumulation amount is, especially if you were able to invest in the ballpark of 15% or more of your annual income into bitcoin.  Surely your choice to pull some of your profits out of bitcoin to buy a house had a considerably great impact to your bitcoin accumulation and buying a house may have also created a lot of additional financial obligations to diminish how aggressively you would be able to accumulate bitcoin.

I have difficulties imagining situations where guys have house payments and servicing obligations and also would be able to dedicate more than 10% of their income to buying bitcoin.. so focusing on other investments surely ends up with high likelihoods of diluted abilities to invest in bitcoin.

I think it may not just be so but rather it must have given him this feeling of fulfillment. Imagine something you started with a little amount, gradually accumulating regardless of the rent and other life payments you make and then finally the same investment decision you take is finally here to help. Not just a random help but here to help you get your own home. I think that alone must have been a big sense of fulfillment and also giving him more motivation to accumulate even more aggressively because he has seen and tasted the benefits of Bitcoin.

[Muba20]

Alot of did not start small, some of them are not even individualsbut cooperations and even countries but for individual holders alone thee are people who still started their bitcoin investment with what can be considered alot of money, some people drained out the previous investment and pushed everything they got from there into their bitcoin investment even though they were just starting out so just because you started small doesn't mean everyone did the same thing and I'm also not saying that starting small is wrong, there is nothing wrong with how a person start providing that they are starting with their discretionary income, even the money gotten from a previous investment is still discretionary because you are still not short on your bills, you essential needs have already been taken care of with your regular income so whatever came out of your previous investment is discretionary.

We should always talk about what is applicable and beneficial to the general public. Having a large amount of money in other investments or savings does not mean that it is a discretionary income . Discretionary means that even if you lose or get stuck with the money, it will not disrupt your life, emergency expenses, and cash flow. Money from previous investments may sometimes be needed to cover future large expenses, business buffers, or emergency reserves. In that case, it is not discretionary income but money from other responsibilities. And investing all the money in Bitcoin at once will depend on the person's desire or financial situation. Starting with a large amount is not prohibited, but if it increases the risk of a forced sale, then it is a bigger problem. If you reduce your reserves by putting in a large amount, then you will be forced to sell Bitcoin at the right time when your income stops, medical expenses, or family emergencies occur. It is not right to think of individuals as corporations or countries in the same way. Institutions have much higher cash flow, borrowing capacity, and risk-taking capacity. It is not right to compare individual investors with them.

In simple terms, discretionary income is the money left over after all expenses are met from your income. Generally, it is recommended to use discretionary income for investment so that the investor does not have to face any financial problems in his Bitcoin investment. Especially for those who will do long-term DCA, so that the investment is regularized, which is why it is recommended to invest the money from discretionary income. If someone's monthly income is such that the money is used for his necessary purposes, if someone invests from that money, he will never be able to invest in Bitcoin for the long term. The investor's financial problems may start before a certain time.

[Brizi5000]

Emergency funds are the last bastion to protect yourself from crises that might occur, so it is not recommended to use emergency funds on investments that are quite risky. I believe that people who have large savings reserves will have more freedom to invest and are often ready to face any risks that occur. Then, if some people have a mediocre income and dare to continue using their funds on risky assets, it will be very draining and mentally draining. So don't take a hasty attitude but stay on a healthy line of thinking.

You're absolutely right... and I completely agree with what you said in your post. The key to investing in this investment in my opinion is to have a reserve fund for emergencies. Don't use all your savings to invest in a single asset, that's a very risky move. Market conditions have been very confusing over the past few months. If you don't manage your finances wisely you could lose everything. which could leave you exhausted and even frustrated when the market falls into the red. However, if you have an emergency fund at least for the next three or four months you can survive this situation while waiting for the market to recover. if you risk everything you'll clearly be trapped. There's no other solution but to sell assets at a loss because you don't have other reserve funds for urgent living expenses. Experiences like this often discourage people from investing in Bitcoin.

very correct, and this why it is good to always buy bitcoin with our discretionary income after ensuring that we have meet up with our basic financial needs or obligations so that we wont be buying and selling just to settle our basic needs. investment done without a discretionary income will surely not be able to stand the test of time because we will be tapping from the investment to sort out our basic financial needs from time to time and by so doing the investment will collapse. also while buying with our discretionary income its advisable to keep some funds from there to be building our emergency funds to shield our investment against some emergency situations needing cash to clear.

[UmerIdrees]

very correct, and this why it is good to always buy bitcoin with our discretionary income after ensuring that we have meet up with our basic financial needs or obligations so that we wont be buying and selling just to settle our basic needs. investment done without a discretionary income will surely not be able to stand the test of time because we will be tapping from the investment to sort out our basic financial needs from time to time and by so doing the investment will collapse. also while buying with our discretionary income its advisable to keep some funds from there to be building our emergency funds to shield our investment against some emergency situations needing cash to clear.

What if someone doesn't have a discretionary income? There are many people living hand to mouth and they don't have spare funds to invest in Bitcoin

Sometimes you have to make a decision. Such persons may have to cut down on their expenses to invest in Bitcoin. Sometimes they even have to not spend on something that is a necessity and save that money to DCA into bitcoin. Slowly and steadily, they can accumulate bitcoin, but again you need to have love for bitcoin, and then you will find ways to accumulate more bitcoins even if you are not that sort of person with extra funds.