Buy Buy Buy or Sell Sell Sell?

[Hardyrobust]

When you think about it, investing in BTC isn't complicated; it simply involves buying and holding for the long term—using discretionary income, of course While basic knowledge is necessary, it is easy to acquire and doesn't require a significant amount of time. The most important thing is the ability to hold BTC for the long term; failing to do so carries high risk, and many investors have suffered losses by selling below their purchase price That said, having an emergency fund and a reserve fund is essential when investing in BTC

I think having a steady income and proper planning can help you invest easily in bitcoin. You definitely need a steady income to be able to make plans. When you have a steady income and you don't spend above your means, it will be very easy for you to achieve your plan, because you can easily take out your emergency funds, reserve fund, discretionary funds etc. With this proper plan you can set goals on the amount of bitcoin you want to purchase at a particular time, then you hold it for a very long time, and hopefully you will definitely make profit in your bitcoin investment.

A lot of folks focus on investing but forget that a strong financial foundation comes first, having a steady income managing expenses and planning properly can makes investment less stressful and more sustainable. Bitcoin and other investment should be approach with patience and long term mindset rather than rushing in without a plan. A good financial plan is the foundation of any successful investment journey its important to take care of one basic needs., building reserves and only invest what one can afford to hold for long period.

Having a good plan is essential for a successful investment in bitcoin and most investors fails to put this into consideration before starting and even after they have started to won't still bother to have any plans put in place that will guarantee them to be able to hold there bitcoin till the anticipated timeline. There is always need for an investor to have a strong financial back bone that will enable there consistency and there ability to be able to sustain the investment in the long run.
However, even with a good plan profit isn't certain because it is possible for anything to crop up and derail the set plans.

[Shineup]

When you think about it, investing in BTC isn't complicated; it simply involves buying and holding for the long term—using discretionary income, of course While basic knowledge is necessary, it is easy to acquire and doesn't require a significant amount of time. The most important thing is the ability to hold BTC for the long term; failing to do so carries high risk, and many investors have suffered losses by selling below their purchase price That said, having an emergency fund and a reserve fund is essential when investing in BTC

I think having a steady income and proper planning can help you invest easily in bitcoin. You definitely need a steady income to be able to make plans. When you have a steady income and you don't spend above your means, it will be very easy for you to achieve your plan, because you can easily take out your emergency funds, reserve fund, discretionary funds etc. With this proper plan you can set goals on the amount of bitcoin you want to purchase at a particular time, then you hold it for a very long time, and hopefully you will definitely make profit in your bitcoin investment.

A lot of folks focus on investing but forget that a strong financial foundation comes first, having a steady income managing expenses and planning properly can makes investment less stressful and more sustainable. Bitcoin and other investment should be approach with patience and long term mindset rather than rushing in without a plan. A good financial plan is the foundation of any successful investment journey its important to take care of one basic needs., building reserves and only invest what one can afford to hold for long period.

Having a good plan is essential for a successful investment in bitcoin and most investors fails to put this into consideration before starting and even after they have started to won't still bother to have any plans put in place that will guarantee them to be able to hold there bitcoin till the anticipated timeline. There is always need for an investor to have a strong financial back bone that will enable there consistency and there ability to be able to sustain the investment in the long run.
However, even with a good plan profit isn't certain because it is possible for anything to crop up and derail the set plans.

Could there actually be a guaranteed plans to be put in place in other to be able to hold Bitcoin till personal anticipated time?  I wouldn't agree to this though people can actually do the best that they can in other to be able to hold their Bitcoin for as long as they want but saying that those plans are some sort of guarantee is some how, having a good plans make lot of sense only if you end up executing them, life is full of uncertainties where alot of things can happen to alter your plans just as you have clearly said above but however, people will not give up putting their best efforts towards achieving their goals.

[IceLincoln]

Everyone is aware of the long term risk and reward of Bitcoin. I assume you mean this when you mentioned the strong financial foundation. Why bring in basic necessities when your primary goal is long term investment? your strategy is ok .

I don’t think you fully understand what it means to invest on bitcoin for the long term. You wouldn’t because you trust Bitcoin to do well in the long term  and go overboard with your investing. Investing from your income and neglecting your immediate responsibilities.
If you don’t consider basic expenses or necessities you’re just gambling and it’s a risky move cause you’re not investing with your discretionary or having any backup funds.

[JayJuanGee]

[edited out]

Having a good plan is essential for a successful investment in bitcoin and most investors fails to put this into consideration before starting and even after they have started to won't still bother to have any plans put in place that will guarantee them to be able to hold there bitcoin till the anticipated timeline. There is always need for an investor to have a strong financial back bone that will enable there consistency and there ability to be able to sustain the investment in the long run.
However, even with a good plan profit isn't certain because it is possible for anything to crop up and derail the set plans.

Brand new bitcoiners do not have to establish their plan prior to getting started, especially if they figured out that they have discretionary funds that are enough to get started.

Sure, it is important to plan and to tweak plans and to even learn as we go, but we do not have to establish such plans prior to getting started, or to even learn the various aspects of bitcoin and/or cash flow management prior to starting.

Many times, if we might recognize that we have deficiencies in either our knowledge of bitcoin and/or our cashflow management (and organizational skills/practices), we may well decide to start out with buying smaller amounts of bitcoin until we become more comfortable, knowledgeable and even practice in the various areas in which we are not comfortable in the start.

Frequently I use the example of the bitcoin newbie who clearly has established that he has $100 per week that he could invest into bitcoin, yet he sees that he has several problems in his finances and even quite a lot of lack of knowledge and/or understanding of bitcoin.  Accordingly, this beginner bitcoiner decides to purposefully start out buying $30 per week in bitcoin and to look into the various matters in which he is uncomfortable, unknowledgeable and even lacking in practice. 

Then after he becomes more comfortable, knowledgable and in better practice, then he may well increase his weekly amount to $50 per week, then then maybe later to $80 per week and then maybe later to $120 per week...and he may well come to realize that he has more abilities to generate more discretionary income and/or to potentially reconsider some other investments that he has and that he might either reallocate into bitcoin or that he might discontinue putting time, energy and value into those inferior investments and to focus more of his time, energy and value on building his bitcoin stash.  So he ends up developing and improving his plans around bitcoin and his plans around cashflow management in an interactive and ongoing way rather than a theoretical way.

Sure, we cannot tell, in advance, how any particular newbie bitcoiner will travel down his bitcoin accumulation path and his strengthening of his cashflow management (to the extent that his cashflow management practices might need strengthening), yet it seems that the newbie bitcoin will likely end up being inspired by his own ongoing investment into bitcoin and his having had gotten involved in bitcoin in an active way rather than theorizing about it while remaining a no coiner or a low coiner who is not buying bitcoin regularly.

[MarjorieZimmermanGinger]

I don’t think you fully understand what it means to invest on bitcoin for the long term. You wouldn’t because you trust Bitcoin to do well in the long term  and go overboard with your investing. Investing from your income and neglecting your immediate responsibilities.
If you don’t consider basic expenses or necessities you’re just gambling and it’s a risky move cause you’re not investing with your discretionary or having any backup funds.

Most people focus on the investment process, but they neglect other needs, resulting in poor performance. Sometimes we need to make adjustments because life throws up unexpected events. In such situations, if someone isn't able to manage their finances well, they're bound to run into problems. Long-term investing should be simple, as the focus isn't solely on the investment amount, but rather how to consistently manage it. To be successful, it's best to create plans for dealing with life's challenges, such as how to manage finances, both in terms of meeting the needs of family and the amount of money invested regularly.

I usually create a simple formula for managing my finances, dividing my money into three parts using the 50/30/20 formula. This method works for me because I can allocate the money I earn at work appropriately: 50% for living expenses, 30% for investments, and 20% for an emergency fund. This method makes me much better prepared to face life's challenges, as we sometimes face inflation which doesn't affect my investments.

[Silikiem]

I don’t think you fully understand what it means to invest on bitcoin for the long term. You wouldn’t because you trust Bitcoin to do well in the long term  and go overboard with your investing. Investing from your income and neglecting your immediate responsibilities.
If you don’t consider basic expenses or necessities you’re just gambling and it’s a risky move cause you’re not investing with your discretionary or having any backup funds.

Most people focus on the investment process, but they neglect other needs, resulting in poor performance. Sometimes we need to make adjustments because life throws up unexpected events. In such situations, if someone isn't able to manage their finances well, they're bound to run into problems. Long-term investing should be simple, as the focus isn't solely on the investment amount, but rather how to consistently manage it. To be successful, it's best to create plans for dealing with life's challenges, such as how to manage finances, both in terms of meeting the needs of family and the amount of money invested regularly.

I usually create a simple formula for managing my finances, dividing my money into three parts using the 50/30/20 formula. This method works for me because I can allocate the money I earn at work appropriately: 50% for living expenses, 30% for investments, and 20% for an emergency fund. This method makes me much better prepared to face life's challenges, as we sometimes face inflation which doesn't affect my investments.

I think this method of you allocating some percentage of your regular income to living expenses, investments and emergency funds could be a bit problematic because you’re not truly sure of how much your living expenses might accurately measure or consume, looking at how most economic situations are very unstable especially from my own region, the economic condition is so unstable to a point where you could go and buy some essentials in the market for a certain price today, and you could go back the next day only to find out that the price of that particular commodity you previously bought has increased, so in that instance it’s going to be troubling because you will then have to go back to your invested money or perhaps sell your bitcoin holdings in order to get some cash to sort out the basic needs which could destroy your long term investment goal because you’re always selling too early, and most of the time you might be selling at a huge loss due to high level of bitcoins volatility. Instead of making wrong estimates or making assumptions, why not first sort out your basic needs when you receive your regular income, and then the money left with you which is your discretionary income can now be used to invest In bitcoin comfortably, as you can now decide how much of that your discretionary income you’ll want to allocate towards buying bitcoin and how much of it you’ll want to allocate towards building up your emergency and other back up funds. I think this is the best way to go about it as what is required to invest In bitcoin is the discretionary income and this discretionary income can only be figure out when we’re done sorting out our basic needs successfully.

[johnsaributua]

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I don’t think you fully understand what it means to invest on bitcoin for the long term. You wouldn’t because you trust Bitcoin to do well in the long term  and go overboard with your investing. Investing from your income and neglecting your immediate responsibilities.
If you don’t consider basic expenses or necessities you’re just gambling and it’s a risky move cause you’re not investing with your discretionary or having any backup funds.

I think many people sometimes overthink investments and neglect the things that are sometimes truly necessary. I believe this is because they are overconfident in the returns on Bitcoin investments, which is why they invest in a long-term pattern.

And this doesn't mean that those who invest long-term are wrong, but it's better to just do it like normal meaning to balance it. We can't just invest. Other things are also essential, one of which is the need to improve our health. With this mindset, I think when they achieve results they will certainly adjust their actions. Adjustments will be more towards spending because if we don't do it, no matter how much we have it will all be useless for us, especially if we have made long-term investments. Of course, this will have to be done in terms of adjustments so as not to be too greedy in spending on things that are sometimes not really necessary.

[JayJuanGee]

I don’t think you fully understand what it means to invest on bitcoin for the long term. You wouldn’t because you trust Bitcoin to do well in the long term  and go overboard with your investing. Investing from your income and neglecting your immediate responsibilities.
If you don’t consider basic expenses or necessities you’re just gambling and it’s a risky move cause you’re not investing with your discretionary or having any backup funds.

Most people focus on the investment process, but they neglect other needs, resulting in poor performance. Sometimes we need to make adjustments because life throws up unexpected events. In such situations, if someone isn't able to manage their finances well, they're bound to run into problems. Long-term investing should be simple, as the focus isn't solely on the investment amount, but rather how to consistently manage it. To be successful, it's best to create plans for dealing with life's challenges, such as how to manage finances, both in terms of meeting the needs of family and the amount of money invested regularly.

I usually create a simple formula for managing my finances, dividing my money into three parts using the 50/30/20 formula. This method works for me because I can allocate the money I earn at work appropriately: 50% for living expenses, 30% for investments, and 20% for an emergency fund. This method makes me much better prepared to face life's challenges, as we sometimes face inflation which doesn't affect my investments.

I think this method of you allocating some percentage of your regular income to living expenses, investments and emergency funds could be a bit problematic because you’re not truly sure of how much your living expenses might accurately measure or consume, looking at how most economic situations are very unstable especially from my own region, the economic condition is so unstable to a point where you could go and buy some essentials in the market for a certain price today, and you could go back the next day only to find out that the price of that particular commodity you previously bought has increased, so in that instance it’s going to be troubling because you will then have to go back to your invested money or perhaps sell your bitcoin holdings in order to get some cash to sort out the basic needs which could destroy your long term investment goal because you’re always selling too early, and most of the time you might be selling at a huge loss due to high level of bitcoins volatility. Instead of making wrong estimates or making assumptions, why not first sort out your basic needs when you receive your regular income, and then the money left with you which is your discretionary income can now be used to invest In bitcoin comfortably, as you can now decide how much of that your discretionary income you’ll want to allocate towards buying bitcoin and how much of it you’ll want to allocate towards building up your emergency and other back up funds. I think this is the best way to go about it as what is required to invest In bitcoin is the discretionary income and this discretionary income can only be figure out when we’re done sorting out our basic needs successfully.

Yep @MarjorieZimmermanGinger is not distinguishing between basic expenses and discretionary expenses.  He is also calculating in a pretty fucking high level of discretionary funds to be able to invest 30% and put 20% into emergency funds (back up funds).  Most people cannot even come close to those levels of discretionary income.

When a guy has a lot of discretionary funds he tends to have a lot of options as compared with normal people who struggle to be able to invest/save consistently 10% of their income.  For some reason MarjorieZimmermanGinger is able to save/invest 50% of his income.  That is not typical at all. 

Since MarjorieZimmermanGinger has been registered on the forum since April 2017, he must be rich as fuck by now if he had been investing 30% of his income into bitcoin for more than 9 years, then he would have had been able to put 3 years of his income into bitcoin, which truly would be remarkable results.

I will do a quickie look at the matter.  Let's say that he earned $30k per year, and he was investing 1/3 into bitcoin since April 2017, then that would be $10k per year invested and so therefore  right about $93k invested which would have had accumulated just over 8 bitcoin, which would be a great place to be for a guy with a $30k per year income..

Right now 8 BTC could support an income of about $3,500 per month, which would be $42k per year which is right around 40% higher than his current income, which would truly be fuck you status, even though maybe he wants to accumulate a bit more?

[Stive009]

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I don’t think you fully understand what it means to invest on bitcoin for the long term. You wouldn’t because you trust Bitcoin to do well in the long term  and go overboard with your investing. Investing from your income and neglecting your immediate responsibilities.
If you don’t consider basic expenses or necessities you’re just gambling and it’s a risky move cause you’re not investing with your discretionary or having any backup funds.

I think many people sometimes overthink investments and neglect the things that are sometimes truly necessary. I believe this is because they are overconfident in the returns on Bitcoin investments, which is why they invest in a long-term pattern.

And this doesn't mean that those who invest long-term are wrong, but it's better to just do it like normal meaning to balance it. We can't just invest. Other things are also essential, one of which is the need to improve our health. With this mindset, I think when they achieve results they will certainly adjust their actions. Adjustments will be more towards spending because if we don't do it, no matter how much we have it will all be useless for us, especially if we have made long-term investments. Of course, this will have to be done in terms of adjustments so as not to be too greedy in spending on things that are sometimes not really necessary.

I completely agree with this statement that it is never right to neglect other important aspects of life along with accumulating Bitcoin. But personally i do not see the matter only from the perspective of buying Bitcoin but i consider it a big part of our entire financial planning. Because in the long run it is as important as how much Bitcoin you can accumulate and how well that plan fits into your real life.In my opinion there is no opportunity to look at a person's financial situation health family responsibilities and future goals separately. They are all closely related to each other. Now, if someone accumulates Bitcoin for the future and neglects current essential expenses, medical treatment, or basic family responsibilities, I do not think that he will be able to sustain that plan for long. He may temporarily accumulate some more Bitcoin but later due to the real pull of the world he may be forced to sell that Bitcoin at a loss.I think the real purpose of successfully accumulating Bitcoin is not to buy piles of Bitcoins, but to develop a healthy habit that can be maintained in any market ups and downs. Because our income can sometimes increase and sometimes decrease, and family expenses or responsibilities can suddenly change. So a good plan is one that has the ability to adapt to these changes. If your pocket is tight you can temporarily reduce the amount of DCA and if the situation is good you can increase it. The main thing is that the chain of accumulation is not broken.Many people think that long term investment means sacrificing all the pleasures of the present and enduring hardships for the future. But I don't see it that way at all. The main purpose of accumulation is to ensure future financial security. Not to make your current life difficult. If any of your investment plans is disturbing your sleep at night ruining your health or bringing unrest to your family then it is time to reconsider that plan.To me the ideal Bitcoin plan is one that builds wealth for the future while also respecting the responsibilities of today. Because at the end of the day the ones who succeed in the long run are the ones who can not only handle the market fluctuations but also maintain a perfect balance between their life and financial reality.

[landheer]

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Yes, if we're talking about when our Bitcoin investment is already underway, an emergency fund and a reserve fund are definitely necessary, or should be started. This is because, fundamentally, this plays a crucial role in the sustainability of our investment and our security. We never know when unforeseen events will occur. Therefore, an emergency fund is absolutely essential. However, in the initial investment phase, or before investing in Bitcoin, we aren't required to have an emergency fund.

In my opinion, having an emergency fund is essential right from the start of your investment journey—or even before you begin—because we never know what life might throw at us; therefore, it is best to pair any BTC purchase with an emergency fund.
If you start investing without an emergency fund and something unexpected happens, you might well be forced to sell the BTC you just bought.

This makes it easier for us to invest in Bitcoin because the fund will always be something that can save us when our position and situation are under pressure. However when we have this fund I think all the problems we experience will be easier and more practical to solve. It also aims to avoid touching what we have already accumulated for example, problems related to debt before investing by borrowing money as our initial capital to purchase Bitcoin for investment.

So before we take out a loan, we already have an emergency fund, but we take out the loan as additional capital for us to invest so that with the profit from investing of course we will pay off the loan with the emergency fund that we have and we don't need to sell the assets that we already have even in the form of Bitcoin but that is our purpose in having an emergency fund before starting a Bitcoin investment and that is a little opinion in my opinion.

I cannot agree with you on this at all and you are indulging in gambling. As you said, if a person invests with debt, he will definitely face loss and he is at great risk.

The Bitcoin market is very volatile and no one can say what will happen in the market when and you face an emergency situation during the market decline and then if you face your emergency situation with emergency funds then how will you repay your debt. Investment is long term like investment period of 4 to 10 years. During this time if you invest with debt and depend on Bitcoin to repay the debt then what will you do if the Bitcoin market is below your purchase price at that time.

You can invest with debt if you want but you cannot depend on your Bitcoin to repay the debt rather you can take a loan depending on your financial situation and if you can afford to repay the debt then you can definitely invest with debt.

Taking out debt to invest in Bitcoin is too extreme. So, even if you're interested in investing in Bitcoin, if you don't have discretionary funds, I don't think you should force yourself to invest with borrowed money. It's inherently risky and will certainly make you uneasy. The bottom line is, don't do that, because we want to invest comfortably. If we don't invest comfortably in Bitcoin,, how can we hold Bitcoin for 10 years? I think that would be very difficult.

Furthermore, if we can, for example, repay the loan using our salary, I think that's still risky. What if our job has problems and we can't repay the debt? That's certainly going to be a problem again. Therefore, I don't think we need to do things like this to invest in Bitcoin. It's better to be patient and work on increasing our income so that we can eventually have discretionary funds. Because with continuously increasing income and continuously reducing expenses, discretionary funds will definitely be collected.

I agree with you the bottom line is that investing in BTC carries very high risk. While the asset has significant potential for future price appreciation, using borrowed money is not a wise move, as it can create mental stress It is far better to focus on increasing your income so that you have surplus funds available to invest in btc

Observing BTC's market cycles often triggers a strong urge to buy even when funds are limited, and many people do indeed borrow money to purchase it given its future potential—yet the high risk remains undeniable Ultimately for the sake of peace of mind, it is best to avoid taking out loans to buy btc

[Akaenyi]

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I don’t think you fully understand what it means to invest on bitcoin for the long term. You wouldn’t because you trust Bitcoin to do well in the long term  and go overboard with your investing. Investing from your income and neglecting your immediate responsibilities.
If you don’t consider basic expenses or necessities you’re just gambling and it’s a risky move cause you’re not investing with your discretionary or having any backup funds.

I think many people sometimes overthink investments and neglect the things that are sometimes truly necessary. I believe this is because they are overconfident in the returns on Bitcoin investments, which is why they invest in a long-term pattern.

And this doesn't mean that those who invest long-term are wrong, but it's better to just do it like normal meaning to balance it. We can't just invest. Other things are also essential, one of which is the need to improve our health. With this mindset, I think when they achieve results they will certainly adjust their actions. Adjustments will be more towards spending because if we don't do it, no matter how much we have it will all be useless for us, especially if we have made long-term investments. Of course, this will have to be done in terms of adjustments so as not to be too greedy in spending on things that are sometimes not really necessary.

The primary focus for every Bitcoin investors should be to always use their discretionary funds to buy, if they do they have eliminated any fear of over buying because it is amounts that they can afford to lose. What they have to do is figure out how much is appropriate from their discretionary funds to use and accumulate and everything will fall into place, they will buy for many years without any pressures of using money for their basic expenses. Guys that knows how to truly manage their cashflow wouldn't use money for their basic needs to buy Bitcoin, as an investor you should have basic knowledge about financial management to figure out how you spend your money for your basic expenses and discretionary funds.

[Marvelockg]

Everyone is aware of the long term risk and reward of Bitcoin. I assume you mean this when you mentioned the strong financial foundation. Why bring in basic necessities when your primary goal is long term investment? your strategy is ok .

I don’t think you fully understand what it means to invest on bitcoin for the long term. You wouldn’t because you trust Bitcoin to do well in the long term  and go overboard with your investing. Investing from your income and neglecting your immediate responsibilities.
If you don’t consider basic expenses or necessities you’re just gambling and it’s a risky move cause you’re not investing with your discretionary or having any backup funds.

The requirement that helps an investor to keep at his investment for the long term is not something to play with and without proper planning, you might succeed at buying your bitcoin in bulk with the motive of even holding it for the long term but the lack of systems and structures will deny you that ability to remaining invested for that period of time.

parameters like backup funds and the likes of proper planning and rightful allocation of your income into strategic areas all contribute to an effective long term investment plan. if you are not ready to set these in place, you can only wish you can achieve your long term investment desire but in reality, it will be difficult to attain such a feet.

[Crytohillss]

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I don’t think you fully understand what it means to invest on bitcoin for the long term. You wouldn’t because you trust Bitcoin to do well in the long term  and go overboard with your investing. Investing from your income and neglecting your immediate responsibilities.
If you don’t consider basic expenses or necessities you’re just gambling and it’s a risky move cause you’re not investing with your discretionary or having any backup funds.

I think many people sometimes overthink investments and neglect the things that are sometimes truly necessary. I believe this is because they are overconfident in the returns on Bitcoin investments, which is why they invest in a long-term pattern.

And this doesn't mean that those who invest long-term are wrong, but it's better to just do it like normal meaning to balance it. We can't just invest. Other things are also essential, one of which is the need to improve our health. With this mindset, I think when they achieve results they will certainly adjust their actions. Adjustments will be more towards spending because if we don't do it, no matter how much we have it will all be useless for us, especially if we have made long-term investments. Of course, this will have to be done in terms of adjustments so as not to be too greedy in spending on things that are sometimes not really necessary.

I completely agree with this statement that it is never right to neglect other important aspects of life along with accumulating Bitcoin. But personally i do not see the matter only from the perspective of buying Bitcoin but i consider it a big part of our entire financial planning. Because in the long run it is as important as how much Bitcoin you can accumulate and how well that plan fits into your real life.In my opinion there is no opportunity to look at a person's financial situation health family responsibilities and future goals separately. They are all closely related to each other. Now, if someone accumulates Bitcoin for the future and neglects current essential expenses, medical treatment, or basic family responsibilities, I do not think that he will be able to sustain that plan for long. He may temporarily accumulate some more Bitcoin but later due to the real pull of the world he may be forced to sell that Bitcoin at a loss.I think the real purpose of successfully accumulating Bitcoin is not to buy piles of Bitcoins, but to develop a healthy habit that can be maintained in any market ups and downs. Because our income can sometimes increase and sometimes decrease, and family expenses or responsibilities can suddenly change. So a good plan is one that has the ability to adapt to these changes. If your pocket is tight you can temporarily reduce the amount of DCA and if the situation is good you can increase it. The main thing is that the chain of accumulation is not broken.Many people think that long term investment means sacrificing all the pleasures of the present and enduring hardships for the future. But I don't see it that way at all. The main purpose of accumulation is to ensure future financial security. Not to make your current life difficult. If any of your investment plans is disturbing your sleep at night ruining your health or bringing unrest to your family then it is time to reconsider that plan.To me the ideal Bitcoin plan is one that builds wealth for the future while also respecting the responsibilities of today. Because at the end of the day the ones who succeed in the long run are the ones who can not only handle the market fluctuations but also maintain a perfect balance between their life and financial reality.

It's easy to get caught up in the idt of accumulating as much Bitcoin as possible, but that only works if it's sustainable.  An investment method shouldn't come at the cost of your health, family or financial stability, the flexibility you mentioned with DCA is especially important because life rarely follows a fixed plan remaining consistent over time even with little contribution when necessary is often more valuable than going beyond your limits and being forced to discard later in the end, building wealth is abd improving your life not making it hard to stay live.

[Proty]

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I don’t think you fully understand what it means to invest on bitcoin for the long term. You wouldn’t because you trust Bitcoin to do well in the long term  and go overboard with your investing. Investing from your income and neglecting your immediate responsibilities.
If you don’t consider basic expenses or necessities you’re just gambling and it’s a risky move cause you’re not investing with your discretionary or having any backup funds.

I think many people sometimes overthink investments and neglect the things that are sometimes truly necessary. I believe this is because they are overconfident in the returns on Bitcoin investments, which is why they invest in a long-term pattern.

And this doesn't mean that those who invest long-term are wrong, but it's better to just do it like normal meaning to balance it. We can't just invest. Other things are also essential, one of which is the need to improve our health. With this mindset, I think when they achieve results they will certainly adjust their actions. Adjustments will be more towards spending because if we don't do it, no matter how much we have it will all be useless for us, especially if we have made long-term investments. Of course, this will have to be done in terms of adjustments so as not to be too greedy in spending on things that are sometimes not really necessary.

I completely agree with this statement that it is never right to neglect other important aspects of life along with accumulating Bitcoin. But personally i do not see the matter only from the perspective of buying Bitcoin but i consider it a big part of our entire financial planning. Because in the long run it is as important as how much Bitcoin you can accumulate and how well that plan fits into your real life.In my opinion there is no opportunity to look at a person's financial situation health family responsibilities and future goals separately. They are all closely related to each other. Now, if someone accumulates Bitcoin for the future and neglects current essential expenses, medical treatment, or basic family responsibilities, I do not think that he will be able to sustain that plan for long. He may temporarily accumulate some more Bitcoin but later due to the real pull of the world he may be forced to sell that Bitcoin at a loss.I think the real purpose of successfully accumulating Bitcoin is not to buy piles of Bitcoins, but to develop a healthy habit that can be maintained in any market ups and downs. Because our income can sometimes increase and sometimes decrease, and family expenses or responsibilities can suddenly change. So a good plan is one that has the ability to adapt to these changes. If your pocket is tight you can temporarily reduce the amount of DCA and if the situation is good you can increase it. The main thing is that the chain of accumulation is not broken.Many people think that long term investment means sacrificing all the pleasures of the present and enduring hardships for the future. But I don't see it that way at all. The main purpose of accumulation is to ensure future financial security. Not to make your current life difficult. If any of your investment plans is disturbing your sleep at night ruining your health or bringing unrest to your family then it is time to reconsider that plan.To me the ideal Bitcoin plan is one that builds wealth for the future while also respecting the responsibilities of today. Because at the end of the day the ones who succeed in the long run are the ones who can not only handle the market fluctuations but also maintain a perfect balance between their life and financial reality.

It's easy to get caught up in the idt of accumulating as much Bitcoin as possible, but that only works if it's sustainable.  An investment method shouldn't come at the cost of your health, family or financial stability, the flexibility you mentioned with DCA is especially important because life rarely follows a fixed plan remaining consistent over time even with little contribution when necessary is often more valuable than going beyond your limits and being forced to discard later in the end, building wealth is abd improving your life not making it hard to stay live.

Accumulating as much bitcoin or building up a good portfolio won't be necessary if it is not possible to be able to hold or maintain in the long run. For this , it is good for all investors to invest in there own pace and not allowed themselves to be carried away with the idea or the thought of wanting to build a good portfolio in bitcoin and  end up messing things up by not being able to hold for a long term. The idea should be to invest with ones discretionary income, an amount that won't put them into unnecessary pressure. Therefore, you are right an investor should not accumulate bitcoin using money that they will needing soon because it will be impossible for them to be able to sustain the investment.

[samadam007]

I completely agree with this statement that it is never right to neglect other important aspects of life along with accumulating Bitcoin. But personally i do not see the matter only from the perspective of buying Bitcoin but i consider it a big part of our entire financial planning. Because in the long run it is as important as how much Bitcoin you can accumulate and how well that plan fits into your real life.In my opinion there is no opportunity to look at a person's financial situation health family responsibilities and future goals separately. They are all closely related to each other. Now, if someone accumulates Bitcoin for the future and neglects current essential expenses, medical treatment, or basic family responsibilities, I do not think that he will be able to sustain that plan for long. He may temporarily accumulate some more Bitcoin but later due to the real pull of the world he may be forced to sell that Bitcoin at a loss.I think the real purpose of successfully accumulating Bitcoin is not to buy piles of Bitcoins, but to develop a healthy habit that can be maintained in any market ups and downs. Because our income can sometimes increase and sometimes decrease, and family expenses or responsibilities can suddenly change. So a good plan is one that has the ability to adapt to these changes. If your pocket is tight you can temporarily reduce the amount of DCA and if the situation is good you can increase it. The main thing is that the chain of accumulation is not broken.Many people think that long term investment means sacrificing all the pleasures of the present and enduring hardships for the future. But I don't see it that way at all. The main purpose of accumulation is to ensure future financial security. Not to make your current life difficult. If any of your investment plans is disturbing your sleep at night ruining your health or bringing unrest to your family then it is time to reconsider that plan.To me the ideal Bitcoin plan is one that builds wealth for the future while also respecting the responsibilities of today. Because at the end of the day the ones who succeed in the long run are the ones who can not only handle the market fluctuations but also maintain a perfect balance between their life and financial reality.

All the bad events you mentioned can be avoided, and chances of stopping or pausing your DCA amount when life gets hard reduced. If you’ve been investing according to your financial situation and following a a solid plan like DCA, that allows using of small amounts to accumulate. The planning starts earlier when your figuring out discretionary income. Don't invest money meant for rent, food, medical bills or others important expenses. Never stop building emergency fund, build your savings too. Then accumulate Bitcoin only with money you can comfortably set aside after these things are covered.

When all these things are put in place, you’ll less likely be in a situation where you will be forced to sell because of any emergency or bad situations

[NewRevelation]

I completely agree with this statement that it is never right to neglect other important aspects of life along with accumulating Bitcoin. But personally i do not see the matter only from the perspective of buying Bitcoin but i consider it a big part of our entire financial planning. Because in the long run it is as important as how much Bitcoin you can accumulate and how well that plan fits into your real life.In my opinion there is no opportunity to look at a person's financial situation health family responsibilities and future goals separately. They are all closely related to each other. Now, if someone accumulates Bitcoin for the future and neglects current essential expenses, medical treatment, or basic family responsibilities, I do not think that he will be able to sustain that plan for long. He may temporarily accumulate some more Bitcoin but later due to the real pull of the world he may be forced to sell that Bitcoin at a loss.I think the real purpose of successfully accumulating Bitcoin is not to buy piles of Bitcoins, but to develop a healthy habit that can be maintained in any market ups and downs. Because our income can sometimes increase and sometimes decrease, and family expenses or responsibilities can suddenly change. So a good plan is one that has the ability to adapt to these changes. If your pocket is tight you can temporarily reduce the amount of DCA and if the situation is good you can increase it. The main thing is that the chain of accumulation is not broken.Many people think that long term investment means sacrificing all the pleasures of the present and enduring hardships for the future. But I don't see it that way at all. The main purpose of accumulation is to ensure future financial security. Not to make your current life difficult. If any of your investment plans is disturbing your sleep at night ruining your health or bringing unrest to your family then it is time to reconsider that plan.To me the ideal Bitcoin plan is one that builds wealth for the future while also respecting the responsibilities of today. Because at the end of the day the ones who succeed in the long run are the ones who can not only handle the market fluctuations but also maintain a perfect balance between their life and financial reality.

All the bad events you mentioned can be avoided, and chances of stopping or pausing your DCA amount when life gets hard reduced. If you’ve been investing according to your financial situation and following a a solid plan like DCA, that allows using of small amounts to accumulate. The planning starts earlier when your figuring out discretionary income. Don't invest money meant for rent, food, medical bills or others important expenses. Never stop building emergency fund, build your savings too. Then accumulate Bitcoin only with money you can comfortably set aside after these things are covered.

When all these things are put in place, you’ll less likely be in a situation where you will be forced to sell because of any emergency or bad situations

The DCA strategy can solve or handle all of that, yea. Perhaps, it is not far fetched. It is investors that tend to stretch there luck and/or put there hands or investment amount to what they can afford, therefore affecting negatively your basic needs as well as building your back up funds which serves as a strong hold for your investment in a long run.

Plebs should be able to study there income and and after handling basic needs, know how best to manage it and allocate income properly. An investor who has a better ability in income management and allocation will to a very large extent avoid so many investments problems and facing much risk that may result to panicking and selling off and/or tapping into there investment undeuly.

Following the DCA strategy makes it easier for one to buy in fragments and as you can afford in peace without pressure or panic to meet up your buying terms. Perhaps, if there is no perfect planning on ground in terms of buying, you can as well start out with little buy while you try to figure out how best to manage your income and also allocate your resources properly.

[ChocolateBitcoinK]

Accumulating as much bitcoin or building up a good portfolio won't be necessary if it is not possible to be able to hold or maintain in the long run. For this , it is good for all investors to invest in there own pace and not allowed themselves to be carried away with the idea or the thought of wanting to build a good portfolio in bitcoin and  end up messing things up by not being able to hold for a long term. The idea should be to invest with ones discretionary income, an amount that won't put them into unnecessary pressure. Therefore, you are right an investor should not accumulate bitcoin using money that they will needing soon because it will be impossible for them to be able to sustain the investment.

As an investor, the first thing that is needed is whether he has the ability to hold his investment for the long term. It is a common thing that if we try to buy and sell Bitcoin for the short term, we are more likely to lose, that is why if someone buys Bitcoin with money that he will need very soon, then after investing he will have to face losses due to the volatility of Bitcoin at the time of his need.
That is why we should definitely buy Bitcoin with money that we can hold for a long term without any problem. As an investor, our aim is to hold it for the long term, then we must do this calculation and then invest with money that is not alocated for any specific task. But in this case, if people face confusion and invest with the necessary money due to confidence with the mindset of getting more profit, then the results of their this activities will be disappointing.

[Sulegzy39]

Investing in Bitcoin necessitates confidence and prudent income. Those that employ conservative income will surely be able to sustain their Bitcoin investment for a long time, and you should establish an emergency fund to keep your Bitcoin investment safe. New people will feel more safe if they build on this approach, because by following it and the DCA method for a long time, they will be able to produce a wealth of money in the future with a small investment.

While weekly investment in Bitcoin is the most crucial, if you have enough money, you may use the DCA approach to buy Bitcoin while keeping a little amount of cash. Then your Bitcoin investment will be able to perform more safely in the future, and you will certainly be successful in the long term if your strategy is sound.

[IceLincoln]

Yep @MarjorieZimmermanGinger is not distinguishing between basic expenses and discretionary expenses.  He is also calculating in a pretty fucking high level of discretionary funds to be able to invest 30% and put 20% into emergency funds (back up funds).  Most people cannot even come close to those levels of discretionary income.

When a guy has a lot of discretionary funds he tends to have a lot of options as compared with normal people who struggle to be able to invest/save consistently 10% of their income.  For some reason MarjorieZimmermanGinger is able to save/invest 50% of his income.  That is not typical at all. 

Since MarjorieZimmermanGinger has been registered on the forum since April 2017, he must be rich as fuck by now if he had been investing 30% of his income into bitcoin for more than 9 years, then he would have had been able to put 3 years of his income into bitcoin, which truly would be remarkable results.

I will do a quickie look at the matter.  Let's say that he earned $30k per year, and he was investing 1/3 into bitcoin since April 2017, then that would be $10k per year invested and so therefore  right about $93k invested which would have had accumulated just over 8 bitcoin, which would be a great place to be for a guy with a $30k per year income..

Right now 8 BTC could support an income of about $3,500 per month, which would be $42k per year which is right around 40% higher than his current income, which would truly be fuck you status, even though maybe he wants to accumulate a bit more?

While @MajorieZimmermanGinger’s case is impressive, it isn’t quite typical to everyone else. It’ll not be easy for just anyone to split their income into two halves using one part for necessary daily life expenses and the other for investment and savings (backups) and doing it consistently must be a high earner or some one with unusually low expenses.
And with the narrative you’ve given it makes it clearer… I’ll also like to be in my fuck you status one day. However, for the normal guy he has to plan for his basic expenses first and sort out his discretionary income to be able to remain consistent with his investments.

[PhilosopherKing]

Investing in Bitcoin necessitates confidence and prudent income. Those that employ conservative income will surely be able to sustain their Bitcoin investment for a long time, and you should establish an emergency fund to keep your Bitcoin investment safe. New people will feel more safe if they build on this approach, because by following it and the DCA method for a long time, they will be able to produce a wealth of money in the future with a small investment.

While weekly investment in Bitcoin is the most crucial, if you have enough money, you may use the DCA approach to buy Bitcoin while keeping a little amount of cash. Then your Bitcoin investment will be able to perform more safely in the future, and you will certainly be successful in the long term if your strategy is sound.

What do you even mean by prudent income huh? That word is vague. The important thing in bitcoin investment is if the person can be able to figure out his discretionary income so that he can use for his ongoing investment. And to figure out discretionsry income, the person have to do all his need first and whatever amount that is left is now the discretionary income.

If you want to do your DCa weekly then that is fine, but it isn't only weekly that it can be done. In DCa you don't have to force weekly buying because it is flexible strategy and person can do it either weekly, monthly, or during when their discretionary income is present, all are still DCa as long as the person isn't timing the market before buying

Also bitcoin investment isn't guaranteed success, even when person do it for long time. That is why it is good that invest what you can afforded to loose.