Balancing Financial security and Bitcoin Accumulation

[PhilosopherKing]

Maybe we have to try to control our inclinations to compete with others, since I think that there is a bit of an innate aspect to our wanting to compete with others, and some people become really obsessed with it.

There could be some healthy level of competition, and perhaps the more passive-aggressive forms of competition might be better when it comes to finances, since we have to be careful that we do not overdo it, even if we might want to be aggressive in our accumulation, if we end up screwing up, then that could cause us a lot of problems with the momentum of our progress, and it also might cause us psychological problems, too.

We might want to warn ourselves to be careful with our level of competition with others, and that it is better to just compete with ourselves, yet I am not sure if it is possible to completely remove our inclinations to want to compete.

Yes. It is true that people likes competition a very well and that urge is something that is very hard to completely remove. In my own opinion, I think that some competition are healthy. And some can be unhealthy. People should focus on the healthy competition.

Healthy competition is when people compete with their self by creating a plan for themselves that they will stick with no matter what. For example I can create a plan that every week I will be using DCA to purchase Bitcoin no matter if the price is up or down. Following this plan no matter what is a healthy competition that can yield a lot of benefits in future.

But unhealthy competition is someone tries to out-do what others are doing and trying to buy Bitcoin like them. Shits like that is what puts people into alot of pressure and stress that they many not be able to deal with.

[JayJuanGee]

Maybe we have to try to control our inclinations to compete with others, since I think that there is a bit of an innate aspect to our wanting to compete with others, and some people become really obsessed with it.

There could be some healthy level of competition, and perhaps the more passive-aggressive forms of competition might be better when it comes to finances, since we have to be careful that we do not overdo it, even if we might want to be aggressive in our accumulation, if we end up screwing up, then that could cause us a lot of problems with the momentum of our progress, and it also might cause us psychological problems, too.

We might want to warn ourselves to be careful with our level of competition with others, and that it is better to just compete with ourselves, yet I am not sure if it is possible to completely remove our inclinations to want to compete.

Yes. It is true that people likes competition a very well and that urge is something that is very hard to completely remove. In my own opinion, I think that some competition are healthy. And some can be unhealthy. People should focus on the healthy competition.

Healthy competition is when people compete with their self by creating a plan for themselves that they will stick with no matter what. For example I can create a plan that every week I will be using DCA to purchase Bitcoin no matter if the price is up or down. Following this plan no matter what is a healthy competition that can yield a lot of benefits in future.

But unhealthy competition is someone tries to out-do what others are doing and trying to buy Bitcoin like them. Shits like that is what puts people into alot of pressure and stress that they many not be able to deal with.

If you want to compete against yourself, there are ways to attempt to measure your progress, so that you can see how you are advancing financially through your investing into bitcoin.

I personally like to create Excel spreadsheets in order to show my own financial progress, yet of course, it can be difficult to know the alternative financial paths that you might have had taken other than investing into bitcoin, since presumptively if you were not to be investing into bitcoin, then the money that you are putting into bitcoin would have had gone in other places, whether into other investments, consumption and/or savings... so it might not be easy to carry out an accurate comparison even though you can see how you progress over time, and sometimes the progress seems slow or it may even go into extended periods of negative before it goes back to positive (and it is not even guaranteed to return to positive).

Think about in recent times, if a guy had been investing into bitcoin for the past 2 years, then maybe he has invested more than $10k and maybe he has accumulated right around 0.137 BTC, so maybe his bitcoin holdings are not really in profits right now as compared to how much they seemed to have had been in profits in October when the BTC prices were $126k...   Yet, it seems that guys who are new would still keep their eyes on the prize and continue to buy bitcoin, and sometimes it might take even more than a whole cycle to really start to feel that solid and meaningful progress is being made even though we cannot even be sure about that, and so part of the reason that we are likely investing in bitcoin for 10 years or longer is that we consider that the odds are pretty decent that we will be better off for our having had invested into bitcoin as compared with if we had not invested into bitcoin... so we just keep plugging away, buying as much as we reasonably can while making sure that we are not putting our finances at risk or putting our bitcoin holdings at risk.

[The Founding Titan]

They could be several reasons as to why a person would go aggressively without using discretionary income or could it be a Fomo thing ,yet still not justifiable. Investing outside of discretionary income  seems he is gambling

Once an investor start investing in Bitcoin outside his discretionary income, he is no longer investing in Bitcoin,  he is now gambling since he will definitely sell off his holdings prematurely or at a loss when the needs arise for what the money used to invest in bitcoin comes.
So in this digital space, you might be gambling on Bitcoin thinking that you are investing, but most guys here thinks that it's only investment in shit coin that are gambling.

Some people do think that bitcoin is just were they will put money then within weeks or months they are in profit. For this reason they won't see as bad idea to invest with money that they will be needing for other essentials.
You are right about this, putting money other than our discretionary income into bitcoin is no longer investment but gambling in disguise of investment as we maybe be pressured to sell even when the.market isn't favourable for us to sell.

Many New Users See Bitcoin as an asset where they can make a Guaranteed profit within a few weeks or months And this mentality leads them to pour money into the market for daily expenses Emergency funds or other important needs.This is the biggest misconception. The main condition for investing in Bitcoin is to do it with money that, even if lost, will not endanger your lifestyle or financial stability, Otherwise it is no longer an investment but a gamble in the guise of an investment. For this reason, when the market goes against your expectations, the necessary money will Force you to sell it before the optimal time. A real investor does not make decisions under the pressure of short term price fluctuations and lets time work in his favor, but when the invested money becomes necessary for life, both patience and strategy break down. The problem is with wrong expectations and using the wrong source of money. Bitcoin demands a long-term perspective and financial discipline, but not risking the necessary money in the hope of quick profits.

This is why an investor should invest in bitcoin solely with their discretionary income, they can afford to lose it and they will not in any way risk the payment for an essential when using their discretionary income because the discretionary is what's left behind after they have taken care of their essentials, the biggest mistake any investor can make is to invest in bitcoin outside of the discretionary income, when they do this they end up putting they own investment in danger of selling too early, no true investor wants to seel their bitcoin too early so that's why they stick to investing with their discretionary income and the investment is done mainly with the DCA while buying the DIP and lump summing become secondary means of investing in bitcoin that is only employed when the opportunity to do so presents itself.

[SmartCharpa]

Many New Users See Bitcoin as an asset where they can make a Guaranteed profit within a few weeks or months And this mentality leads them to pour money into the market for daily expenses Emergency funds or other important needs.This is the biggest misconception. The main condition for investing in Bitcoin is to do it with money that, even if lost, will not endanger your lifestyle or financial stability, Otherwise it is no longer an investment but a gamble in the guise of an investment. For this reason, when the market goes against your expectations, the necessary money will Force you to sell it before the optimal time. A real investor does not make decisions under the pressure of short term price fluctuations and lets time work in his favor, but when the invested money becomes necessary for life, both patience and strategy break down. The problem is with wrong expectations and using the wrong source of money. Bitcoin demands a long-term perspective and financial discipline, but not risking the necessary money in the hope of quick profits.

Even on a long term investment, no one can guarantee that they are going to make 100% profit from Bitcoin if they hold for a long term. We are only advised not to invest money that we might need anytime soon, because the market might not work as we expected. You can see that there are many coins on the market, but no one is hyping them or suggesting them for long term investment because no coin has ever done well as bitcoins for many years.

Everyone invest in Bitcoin, believing that its future price will be better than today, but if you ask, nobody can actually predict where Bitcoin will reach tomorrow, whether it will go higher than this or it will go lower than today, but every investor that is out there believes that its future will be better than today due to history of Bitcoin.

[cxtreenal]

Many New Users See Bitcoin as an asset where they can make a Guaranteed profit within a few weeks or months And this mentality leads them to pour money into the market for daily expenses Emergency funds or other important needs.This is the biggest misconception. The main condition for investing in Bitcoin is to do it with money that, even if lost, will not endanger your lifestyle or financial stability, Otherwise it is no longer an investment but a gamble in the guise of an investment. For this reason, when the market goes against your expectations, the necessary money will Force you to sell it before the optimal time. A real investor does not make decisions under the pressure of short term price fluctuations and lets time work in his favor, but when the invested money becomes necessary for life, both patience and strategy break down. The problem is with wrong expectations and using the wrong source of money. Bitcoin demands a long-term perspective and financial discipline, but not risking the necessary money in the hope of quick profits.

Even on a long term investment, no one can guarantee that they are going to make 100% profit from Bitcoin if they hold for a long term. We are only advised not to invest money that we might need anytime soon, because the market might not work as we expected. You can see that there are many coins on the market, but no one is hyping them or suggesting them for long term investment because no coin has ever done well as bitcoins for many years.

Everyone invest in Bitcoin, believing that its future price will be better than today, but if you ask, nobody can actually predict where Bitcoin will reach tomorrow, whether it will go higher than this or it will go lower than today, but every investor that is out there believes that its future will be better than today due to history of Bitcoin.

Bitcoin market does not work as investors expect, so you should not rush into investing. You need to make a plan for investment Bitcoin and accumulation regardless of price through discretionary income. If you are still afraid of losing money and fear that its value will decrease a lot in the future you should still running with DCA method. Because Bitcoin price will rise after the correction although this is an assumption it has repeatedly broken ATH and entered new height. Therefore Bitcoin accumulation is the best for all kind of investors.

My argument is that accumulation Bitcoin through the DCA process through discretionary income will be a convenient financial endeavor for investors. You just need to accumulation Bitcoin regularly and do it continuously for 4-10 years. Any review of Bitcoin price history or fundamental structure analysis shows that its price is likely to reach an unprecedented high in the future.

[Hardyrobust]

Many New Users See Bitcoin as an asset where they can make a Guaranteed profit within a few weeks or months And this mentality leads them to pour money into the market for daily expenses Emergency funds or other important needs.This is the biggest misconception. The main condition for investing in Bitcoin is to do it with money that, even if lost, will not endanger your lifestyle or financial stability, Otherwise it is no longer an investment but a gamble in the guise of an investment. For this reason, when the market goes against your expectations, the necessary money will Force you to sell it before the optimal time. A real investor does not make decisions under the pressure of short term price fluctuations and lets time work in his favor, but when the invested money becomes necessary for life, both patience and strategy break down. The problem is with wrong expectations and using the wrong source of money. Bitcoin demands a long-term perspective and financial discipline, but not risking the necessary money in the hope of quick profits.

Even on a long term investment, no one can guarantee that they are going to make 100% profit from Bitcoin if they hold for a long term. We are only advised not to invest money that we might need anytime soon, because the market might not work as we expected. You can see that there are many coins on the market, but no one is hyping them or suggesting them for long term investment because no coin has ever done well as bitcoins for many years.

Everyone invest in Bitcoin, believing that its future price will be better than today, but if you ask, nobody can actually predict where Bitcoin will reach tomorrow, whether it will go higher than this or it will go lower than today, but every investor that is out there believes that its future will be better than today due to history of Bitcoin.

yes it is a fact, holding bitcoin for a long term doesn't guarantee success at the end of the investment timeline. Long time investment doesn't remove the impact of volatility in the market.
There are different reasons why people do invest in bitcoin, there are some who are into bitcoin simply because they want to make profit at the end of the investment timeline while there are people who are into bitcoin to store value and because of the freedom bitcoin offers.

[Joeboy]

Bitcoin market does not work as investors expect, so you should not rush into investing.

If discretionary income is available, then it is better to rush into Bitcoin than to keep wasting time simply coz you are waiting for the so called right time. Honestly speaking that perfect time that you may be waiting for may never show up. And Bitcoin doesn't even need much to start, so you can start with the little that you have and along the way figure out the rest and maybe also build your confidence the more along the way.

[I_Anime]

Bitcoin market does not work as investors expect, so you should not rush into investing.

If discretionary income is available, then it is better to rush into Bitcoin than to keep wasting time simply coz you are waiting for the so called right time. Honestly speaking that perfect time that you may be waiting for may never show up. And Bitcoin doesn't even need much to start, so you can start with the little that you have and along the way figure out the rest and maybe also build your confidence the more along the way.

Starting now may not be the perfect time but is still the right time to start , but the bright side is that you have defeated procrastination and you are ready to press forward your accumulation (I’m sure that before going into bitcoin , some basics knowledge is required, like where to buy and where to store etc.) , then as you accumulate you may decide to further the knowledge.

Fun fact is that you can’t time the market , that’s why a strategy is require for  one to accumulate smoothly . And with time you will definitely build your confidence.

[Proty]

Bitcoin market does not work as investors expect, so you should not rush into investing.

If discretionary income is available, then it is better to rush into Bitcoin than to keep wasting time simply coz you are waiting for the so called right time. Honestly speaking that perfect time that you may be waiting for may never show up. And Bitcoin doesn't even need much to start, so you can start with the little that you have and along the way figure out the rest and maybe also build your confidence the more along the way.

Starting now may not be the perfect time but is still the right time to start , but the bright side is that you have defeated procrastination and you are ready to press forward your accumulation (I’m sure that before going into bitcoin , some basics knowledge is required, like where to buy and where to store etc.) , then as you accumulate you may decide to further the knowledge.

Fun fact is that you can’t time the market , that’s why a strategy is require for  one to accumulate smoothly . And with time you will definitely build your confidence.

For a low or no coiner , timing the market isn't a good idea as this will make them to sit and then wait while missing out in big time opportunities that the market offers. The main aim should be to be able to have a good portfolio and this can only be achieved through consistent buying which timing the market hinders. The strategy that should be consider here is DCA , as this strategy doesn't require timing the market but offers the opportunity of buying consistently using the available discretionary income.

[ZeroVinsonN]

Bitcoin market does not work as investors expect, so you should not rush into investing.

If discretionary income is available, then it is better to rush into Bitcoin than to keep wasting time simply coz you are waiting for the so called right time. Honestly speaking that perfect time that you may be waiting for may never show up. And Bitcoin doesn't even need much to start, so you can start with the little that you have and along the way figure out the rest and maybe also build your confidence the more along the way.

Starting now may not be the perfect time but is still the right time to start , but the bright side is that you have defeated procrastination and you are ready to press forward your accumulation (I’m sure that before going into bitcoin , some basics knowledge is required, like where to buy and where to store etc.) , then as you accumulate you may decide to further the knowledge.

Fun fact is that you can’t time the market , that’s why a strategy is require for  one to accumulate smoothly . And with time you will definitely build your confidence.

There is not perfect time to buy bitcoin, or should I say that everytime is a perfect time to buy bitcoin, don't end up growing regret and doubt about your investment because of the time you started investing instead try to make the most of it regardless, stay consistent, stay disciplined and be ready to HODL for long term, don't pressure yourself unnecessarily by trying to time the market either, even people who rightfully initiate the buy the DIP strategy don't wait for a dip but are ready for it when it comes so that they can take maximum advantage of it.

[liasbaa]

Bitcoin market does not work as investors expect, so you should not rush into investing.

If discretionary income is available, then it is better to rush into Bitcoin than to keep wasting time simply coz you are waiting for the so called right time. Honestly speaking that perfect time that you may be waiting for may never show up. And Bitcoin doesn't even need much to start, so you can start with the little that you have and along the way figure out the rest and maybe also build your confidence the more along the way.

Starting now may not be the perfect time but is still the right time to start , but the bright side is that you have defeated procrastination and you are ready to press forward your accumulation (I’m sure that before going into bitcoin , some basics knowledge is required, like where to buy and where to store etc.) , then as you accumulate you may decide to further the knowledge.

Fun fact is that you can’t time the market , that’s why a strategy is require for  one to accumulate smoothly . And with time you will definitely build your confidence.

For a low or no coiner , timing the market isn't a good idea as this will make them to sit and then wait while missing out in big time opportunities that the market offers. The main aim should be to be able to have a good portfolio and this can only be achieved through consistent buying which timing the market hinders. The strategy that should be consider here is DCA , as this strategy doesn't require timing the market but offers the opportunity of buying consistently using the available discretionary income.

You don't specify which coin you will buy through DCA. It would be a bad decision if you lure investors for shitcoin. DCA is just an better method for accumulation Bitcoin. An investor needs to maintain himself stability in the price fluctuations of Bitcoin. For new investors, the chances of success may decrease if they don't buy consistently during periods of price volatility to build a good portfolio. DCA is a great accumulation strategy for Bitcoin in particular.
How far you will be able to run this DCA process will depend on how far you want your income flow to spread. You need to be consistent in accumulation Bitcoin no matter what the market conditions are to build a large portfolio. You should not show the attitude of taking profits until you have a regular income flow.

[JayJuanGee]

Bitcoin market does not work as investors expect, so you should not rush into investing.

If discretionary income is available, then it is better to rush into Bitcoin than to keep wasting time simply coz you are waiting for the so called right time. Honestly speaking that perfect time that you may be waiting for may never show up. And Bitcoin doesn't even need much to start, so you can start with the little that you have and along the way figure out the rest and maybe also build your confidence the more along the way.

Starting now may not be the perfect time but is still the right time to start , but the bright side is that you have defeated procrastination and you are ready to press forward your accumulation (I’m sure that before going into bitcoin , some basics knowledge is required, like where to buy and where to store etc.) , then as you accumulate you may decide to further the knowledge.

Fun fact is that you can’t time the market , that’s why a strategy is require for  one to accumulate smoothly . And with time you will definitely build your confidence.

There is not perfect time to buy bitcoin, or should I say that everytime is a perfect time to buy bitcoin, don't end up growing regret and doubt about your investment because of the time you started investing instead try to make the most of it regardless, stay consistent, stay disciplined and be ready to HODL for long term, don't pressure yourself unnecessarily by trying to time the market either, even people who rightfully initiate the buy the DIP strategy don't wait for a dip but are ready for it when it comes so that they can take maximum advantage of it.

You cannot have both.  When you prepare for the dip to take maximum advantage of it, there are trade offs, and sure there can be times in which having some money for buying the dip is a good thing rather than using all of it to buy at whatever the price is.  Guys with more discretionary income (and perhaps other investments/savings) have more options to save resources for the dip, and it may or may not be a good idea to do so, yet describing buying the dip as if it does not have trade offs, is an incorrect way of describing it, even if some reasonable balance has been reached by persons who choose to supplement their DCA with such strategies.

[edited out]

You should not show the attitude of taking profits until you have a regular income flow.

Your idea of taking profits is pretty vague, liasbaa, and it does not seem like an investor kind of a mindset, especially if investors are taking 4-10 years or longer to build up their bitcoin holdings.  Why would we be thinking about "taking profits?" Are we looking at dollar profits?  What is the point that you are wanting to make with your "profits taking" ideas?  What are you planning to do with such "profits?"   Are you of the opinion that everyone is motivated by "profits" whether they are in bitcoin for the long term or the short term?  What level of profits should motivate you?  

The income flow that you refer to is bitcoin or something else?  You are suggesting that if your bitcoin gets to a certain income flow level, then that is when we are taking profits from our bitcoin?  You might not be completely wrong about the matter, even though the idea of taking profits comes off as if it were an idea that was transported from trading mentality and put into bitcoin investing... and  I am not even suggesting that we need to forget about profits, even though profits don't really seem to be circumscribing the framing of the ways in which we might start to employ various sustainable withdrawals, whether we might start with price-based sustainable withdrawal or maybe we are more advanced and able to start employ time-based sustainable withdrawal?  

I talk about the framing of each of these frameworks in my sustainable withdrawal thread and each of them presumes reaching overaccumulation status first... They are not premised based on the extent to which we might be in profits or not... and surely the bigger questions likely relate to assessing the extent to which we might be in overaccumulation status rather than having concerns about our profit-level status...

[gracreavix]

If you want to compete against yourself, there are ways to attempt to measure your progress, so that you can see how you are advancing financially through your investing into bitcoin.

Hmm, competing against myself actually sounds really cool, and tbh it is something i would like to try, even this year. I get the point you are making about how it helps measure progress, especially with Bitcoin.  Because with something like that i will be able to see where I am coming from and where I am heading..

I personally like to create Excel spreadsheets in order to show my own financial progress, yet of course, it can be difficult to know the alternative financial paths that you might have had taken other than investing into bitcoin, since presumptively if you were not to be investing into bitcoin, then the money that you are putting into bitcoin would have had gone in other places, whether into other investments, consumption and/or savings... so it might not be easy to carry out an accurate comparison even though you can see how you progress over time, and sometimes the progress seems slow or it may even go into extended periods of negative before it goes back to positive (and it is not even guaranteed to return to positive).

And also, concerning this, I have been meaning to ask if you could kindly share your structure you have already been using over the years to track your progress and manage your Bitcoin investment, and your finances in general.. because I feel like having a clear system already in place would make things easier than trying to figure everything out from scratch on my own..

And it is obvious you have been into finance snd investment for a long time now. I still remember when you talked about how you’ve been investing in different kinds of assets for more than 20 years, and how you build various holdings outside Bitcoin even before you entered Bitcoin investing around late 2013. That is why I feel your structure would really help me a lot, because TBH one of the main problems I am facing is to create a proper structure that can guide me, help me track my progress, and definitely trying to compete with myself, in other to grow..

[JayJuanGee]

If you want to compete against yourself, there are ways to attempt to measure your progress, so that you can see how you are advancing financially through your investing into bitcoin.

Hmm, competing against myself actually sounds really cool, and tbh it is something i would like to try, even this year. I get the point you are making about how it helps measure progress, especially with Bitcoin.  Because with something like that i will be able to see where I am coming from and where I am heading..

I personally like to create Excel spreadsheets in order to show my own financial progress, yet of course, it can be difficult to know the alternative financial paths that you might have had taken other than investing into bitcoin, since presumptively if you were not to be investing into bitcoin, then the money that you are putting into bitcoin would have had gone in other places, whether into other investments, consumption and/or savings... so it might not be easy to carry out an accurate comparison even though you can see how you progress over time, and sometimes the progress seems slow or it may even go into extended periods of negative before it goes back to positive (and it is not even guaranteed to return to positive).

And also, concerning this, I have been meaning to ask if you could kindly share your structure you have already been using over the years to track your progress and manage your Bitcoin investment, and your finances in general.. because I feel like having a clear system already in place would make things easier than trying to figure everything out from scratch on my own..

You likely need to go through the motions of creating your own systems, and I am not sure if mine is the best, but I had been building my various cashflow management systems and projection systems since before I got into bitcoin, and then when I got into bitcoin, I ended up building various additional tools, and some of them were revised and others were left behind for newer systems.

I tend to use Excel to both show my spending and income history but also to project into the future.  So some of the excel sheets can be built upon, and other times, new tabs and/or tables might need to be created that relate specifically to bitcoin or specifically to the projection of certain expenses or certain income sources.  I have also created projections of the 200-WMA and spot price that I revise from time to time (and some I have shared, even though I might revise aspects of it from time to time).  Sometimes you can play around with some of your own ideas or you can take those ideas from other sources and customize the ideas to your own situation.. so maybe with your cash flow projection and your anticipated bitcoin accumulation, you might project years down the road and start out with a base projection, and then copy and paste that base projection in order to create worser case scenarios and better case scenarios by changing some of the parameters in the projections.. sometimes you can have formulas in the projections that you only change one or two of the cell values and it changes the whole projection.. such as presuming the percentage increase in the BTC price or changes in your income  or changes in the interest rate or whatever variables  that you might anticipate to change in ways that might have better or worse case scenarios and sometimes you might learn that projections ONLY take you so far.. so in some sense, you try to make the application of your strategies to be able to pay off or to at least not put you in poverty no matter which of the future scenarios end up coming to pass.

And it is obvious you have been into finance snd investment for a long time now. I still remember when you talked about how you’ve been investing in different kinds of assets for more than 20 years, and how you build various holdings outside Bitcoin even before you entered Bitcoin investing around late 2013. That is why I feel your structure would really help me a lot, because TBH one of the main problems I am facing is to create a proper structure that can guide me, help me track my progress, and definitely trying to compete with myself, in other to grow..

You don't need to start with anything overly sophisticated in the beginning, and even if you don't have Excel, you can use various paper versions, even though the power of something like Excel allows you to copy and paste so that you don't have to keep on changing or rewriting the pages. I had a lot more paper versions in my earlier years, and there had even been some recent times that I felt that I had to visualize some of my ideas on paper before I ended up later putting them into something like Excel.. or some other way of looking at the data... and yeah, even sometimes sharing information on this forum will help to inspire figuring out how to frame certain questions or to try to measure past performance or current status or future projections... Sometimes you might not be able to realy do future projections until you might figure out current status and/or even past performance information...  So current status and/or past performance information might put you in a better framework in order to project into the future in ways that are more realistic and practical rather than fantasies... so sometimes even when we are projecting, we might consider our base-case scenario to be conservative, and maybe our best case scenario would be a bit of a fantasy, but it would still be attempted to be tethered to potential outcomes that really could happen rather than just blindly guessing.

Sometimes when you have structure for some of your information compilation pieces, it will inspire you in regards to how to structure some other pieces... So for example, if you take out a loan, you can project your loan amount and your payments and the interest rate. but then that same format might inspire you for how to structure other tables that you might create.  I recall before getting into bitcoin, I had bought several different kinds of index funds, and I had created a separate column for each of the index funds so that I could monitor the extent to which they were going up or down in value and the extent to which I was continuing to buy them, so the quantity of my shares were changing, yet at some point I ended up getting out of those various index funds, yet some of the ways that I had been trying to track them, ended up getting transported into my ways of creating separate tables to monitor my bitcoin accumulation and even the various places that I was holding the bitcoin.. and perhaps noting the extent to which there might have had been issues in regards to how they were held...

So then if i was able to categorize ways that bitcoin was being held, then I would also categorize other investments, and/or assets that I had, but I might have had felt it better to put some of that on a different table even though the totals might end up getting referred to (and even linked to) in other tabs or other spreadsheets... So basics can expand and keep on building and we might learn how to write certain formulas.. so for example, we might put in the date, but then we copy and past, and if we put a "+1" into the formula or a "+ 30" then the next time that date is pasted it will add a day or it will add 30 days respectively... which can also be done with other formulas that are used.. so we might learn how to use one formula and then learn another formula and then realize that there might be short-cuts to how we are compiling our information. so we learn little by little and some formulas might be used in some spreadsheets (tabs) but not in others.