Balancing Financial security and Bitcoin Accumulation

[Joeboy]

~snip~

When you are struggling in buying bitcoin you will end up selling everything soon, to invest in bitcoin and stay consistent in the market you will need a good discretionary income and for you to have this discretionary income it will come through a source but still having a source of income doesn't guarantee you discretionary income because you may still have this source of income and it's not enough to even take care of your most need things, depending on your parents to live will difficult for you to start up a BTC investment.

Kickstarting your Bitcoin accumulation journey is very much different from sustaining it, I think that the part you are confused on... To start all that is required is your discretionary income and since you have been on this forum for quite some time, I guess by now you should have known that discretionary income must not always come from a source of income... Discretionary income as we all know it, is the extra money left after sorting out our basic needs and responsibilities...Back when you where in school didn't you have extra leftover funds after sorting out your basic needs and responsibilities? Am sure you did even though at time it may have been small(or big), whatever the case may be.. This confirms why even student who aren't working can still generate their discretionary income from the allowance they get from their parent or sponsors, and as little as that extra money is, they could very well use it to Kickstart their Bitcoin accumulation journey...

[icebar]

After a person had spent so many years accumulating bitcoin, there could be some once in a while periods that they choose to take some money out without getting tempted to devolve into a habit in which they are ongoingly taking money out of their bitcoin.

Whenever folks take money out of their bitcoin prior to reaching overaccumulation status, they run the risk of delaying their progress in making overaccumulation status, and surely some folks end up drawing out so much from their bitcoin that they never end up being able to reach over accumulation status (when they otherwise were on track to do so). We cannot make judgement for others, and surely guys have way more options in regards to how they manage their bitcoin holdings after they had been accumulating bitcoin for two or more cycles rather than when they are still in their early stages of bitcoin accumulation.

You are right taking some money out from their accumulated Bitcoin with out getting to their over accumulation status could equally be seen as gambling because they are slowly selling when they are supposed to still be accumulating Bitcoin since they are still at there accumulation phase. This method is never good for an investor who is at their early stage they might sell off one day and become a no coiner, an investor right time to take some money from their investment should be when they have reached their over accumulation status which is also holding their Bitcoin above 4 years.

If you can manage your life without selling Bitcoin, then there is no need to sell Bitcoin. But if someone's situation goes to a point where it becomes a matter of life and death, then selling some of their Bitcoin may not be bad. At such a point, you can get an idea of ​​how to sustainably withdraw. No matter how powerful an asset Bitcoin is, it is not more important than our lives.

Again, buying for more than four years does not mean that someone has reached the point of excess savings. Someone may have been buying regularly for four years, but he may still be in a very small position compared to his own long-term goals.

[JayJuanGee]

After a person had spent so many years accumulating bitcoin, there could be some once in a while periods that they choose to take some money out without getting tempted to devolve into a habit in which they are ongoingly taking money out of their bitcoin.

Whenever folks take money out of their bitcoin prior to reaching overaccumulation status, they run the risk of delaying their progress in making overaccumulation status, and surely some folks end up drawing out so much from their bitcoin that they never end up being able to reach over accumulation status (when they otherwise were on track to do so). We cannot make judgement for others, and surely guys have way more options in regards to how they manage their bitcoin holdings after they had been accumulating bitcoin for two or more cycles rather than when they are still in their early stages of bitcoin accumulation.

You are right taking some money out from their accumulated Bitcoin with out getting to their over accumulation status could equally be seen as gambling because they are slowly selling when they are supposed to still be accumulating Bitcoin since they are still at there accumulation phase. This method is never good for an investor who is at their early stage they might sell off one day and become a no coiner, an investor right time to take some money from their investment should be when they have reached their over accumulation status which is also holding their Bitcoin above 4 years.

If you can manage your life without selling Bitcoin, then there is no need to sell Bitcoin. But if someone's situation goes to a point where it becomes a matter of life and death, then selling some of their Bitcoin may not be bad. At such a point, you can get an idea of ​​how to sustainably withdraw. No matter how powerful an asset Bitcoin is, it is not more important than our lives.

Again, buying for more than four years does not mean that someone has reached the point of excess savings. Someone may have been buying regularly for four years, but he may still be in a very small position compared to his own long-term goals.

These days I like to think that guys have to put greater than 35% of their income into bitcoin for more than 4 years to really get to a place that he might have enough bitcoin in 4-ish years.

Guys who are putting between 15% and 30% into bitcoin each year, they still may well end up taking close to 2 cycles before they might start to feel that they had put in enough.

Guys who are putting between 10% and 15% may well take 10-15 years before they start to feel that they have enough or more than enough in bitcoin.

So the results depend both upon how much you are able to put in and how much you really think that you need, and you might have to wait some time, even if you had already put in a lot - like 1-2 years of your income/expenses, before you start to feel like you can start to sell some of your bitcoin.

[Tonimez]

[Edited out]

These days I like to think that guys have to put greater than 35% of their income into bitcoin for more than 4 years to really get to a place that he might have enough bitcoin in 4-ish years.

Guys who are putting between 15% and 30% into bitcoin each year, they still may well end up taking close to 2 cycles before they might start to feel that they had put in enough.

Guys who are putting between 10% and 15% may well take 10-15 years before they start to feel that they have enough or more than enough in bitcoin.

So the results depend both upon how much you are able to put in and how much you really think that you need, and you might have to wait some time, even if you had already put in a lot - like 1-2 years of your income/expenses, before you start to feel like you can start to sell some of your bitcoin.

At the end, it boils down to how efficient is someone's financial system. A person may be willing to invest his 35 percent in bitcoin but has a basic responsibilities that would take over 60 percent of his income before he could start figuring out his Discretionary income for investment and further making provision for his emergency funds, backup funds, discretionary expenses, reserved funds and then investment funds which could all be at 15-30 percent depending on how he plans or how extravagant he spends of which he also needs to regulate.

Another fellow may also invest his 35 percent in bitcoin and still not have enough bitcoin in 4 years. Someone's 15 percent could be larger than another's 30 percent or 35 percent of even 60 percent and more. A basic income amount is a huge factor determining the amount of bitcoin a person can be able to own after 4 years, however, having a large income does not automatically imply having enough discretionary income for investment.

Bitcoin success to some extent goes beyond the amount a person earns unto the amount of money such person spends. This is why I think that a person should aim at keeping it consistent for at least above 4 years or better until after retirement. Bitcoin investment should be a retirement plan because it will help to preserve your wealth and after your retirement, you can start withdrawing from your bitcoin when you no longer have any other sources of income or getting too old but not selling off all at once and withdrawing periodically does not also stop you from buying more when you can afford to do that.

What works for Mr A may not work for Mr B. So it's better to focus on consistency within your financial capacity and also making sure that you're true to yourself at all time.