JJG’s Outline of Bitcoin Investment Ideas

[CageMabok]

Surely, if a person is very well organized in his finances and he has a lot of discretionary income, such as $400 or more per week of discretionary income, yet if he is just investing $10 per week into bitcoin, then he is not going to be very stressed by bitcoin, yet if he chooses to invest most of his discretionary income into bitcoin, such as more than $350 per week, and/or he does not keep back up funds, then he could end up putting himself in positions of stress.  Stress is not necessarily a bad thing, unless it is results in overdoing things, so each of us have to figure out comfortable financial and/or psychological limitations in regards to whether we invest into bitcoin, how we invest into bitcoin and how we manage our cashflows with back up funds.

Your explanation of this is very reasonable, and I hope everyone can understand investing properly through it. Because even now, I personally still sometimes see one or two investors who feel stressed even though they are invested in Bitcoin and diligently buy it every time they receive a paycheck from their regular job. And it's quite possible that the stress they experience is a result of a lack of proper cash flow management and setting boundaries for their investment methods, or they're simply pushing themselves too hard without considering the risks. This is what causes them stress, even though they've chosen the right investment assets, but they're simply not implementing them correctly.

[JayJuanGee]

Surely, if a person is very well organized in his finances and he has a lot of discretionary income, such as $400 or more per week of discretionary income, yet if he is just investing $10 per week into bitcoin, then he is not going to be very stressed by bitcoin, yet if he chooses to invest most of his discretionary income into bitcoin, such as more than $350 per week, and/or he does not keep back up funds, then he could end up putting himself in positions of stress.  Stress is not necessarily a bad thing, unless it is results in overdoing things, so each of us have to figure out comfortable financial and/or psychological limitations in regards to whether we invest into bitcoin, how we invest into bitcoin and how we manage our cashflows with back up funds.

Your explanation of this is very reasonable, and I hope everyone can understand investing properly through it. Because even now, I personally still sometimes see one or two investors who feel stressed even though they are invested in Bitcoin and diligently buy it every time they receive a paycheck from their regular job. And it's quite possible that the stress they experience is a result of a lack of proper cash flow management and setting boundaries for their investment methods, or they're simply pushing themselves too hard without considering the risks. This is what causes them stress, even though they've chosen the right investment assets, but they're simply not implementing them correctly.

That seems to be correct.  We should not be expecting great performance in our bitcoin investment for the first cycle or two, since it takes a bit of time to put money in and most folks need time to build up the amount that they put in, and they should not be overdoing the amount that they put in so that they end up overly stressing themselves. 

Finding a reasonable balance of investing aggressively without overdoing it takes practice.. and the practice is both finding a comfortable amount to be putting in on a regular basis (perhaps weekly?), and also keeping enough cash on hand so that expenses are covered, including unexpected expenses that could come about and even keeping enough so that there is no need to tap into the bitcoin investment at a time that is not completely of the investor's choosing.  The mere fact that bitcoin goes in profits should not be a reason to be tapping into it, even though poor people may well be tempted to tap into their bitcoin merely because it is profits and not allowing it to ride for 2-3 cycles or more.. so that the value can compound upon itself.. and yeah, the bitcoin investment is not guaranteed to compound upon itself, either.

[woez]

That seems to be correct.  We should not be expecting great performance in our bitcoin investment for the first cycle or two, since it takes a bit of time to put money in and most folks need time to build up the amount that they put in, and they should not be overdoing the amount that they put in so that they end up overly stressing themselves. 

Another thing to consider is maintaining cash reserves. Learning from the recent correction, many unexpected things happen. They feel pressured and are even willing to sell their BTC holdings even though the price is dropping because their funds for daily needs are running low. I think it's inevitable, whether they like it or not, they will do so, even if only a small portion.

[Olatundespo]

Surely, if a person is very well organized in his finances and he has a lot of discretionary income, such as $400 or more per week of discretionary income, yet if he is just investing $10 per week into bitcoin, then he is not going to be very stressed by bitcoin, yet if he chooses to invest most of his discretionary income into bitcoin, such as more than $350 per week, and/or he does not keep back up funds, then he could end up putting himself in positions of stress.  Stress is not necessarily a bad thing, unless it is results in overdoing things, so each of us have to figure out comfortable financial and/or psychological limitations in regards to whether we invest into bitcoin, how we invest into bitcoin and how we manage our cashflows with back up funds.

Your explanation of this is very reasonable, and I hope everyone can understand investing properly through it. Because even now, I personally still sometimes see one or two investors who feel stressed even though they are invested in Bitcoin and diligently buy it every time they receive a paycheck from their regular job. And it's quite possible that the stress they experience is a result of a lack of proper cash flow management and setting boundaries for their investment methods, or they're simply pushing themselves too hard without considering the risks. This is what causes them stress, even though they've chosen the right investment assets, but they're simply not implementing them correctly.

That seems to be correct.  We should not be expecting great performance in our bitcoin investment for the first cycle or two, since it takes a bit of time to put money in and most folks need time to build up the amount that they put in, and they should not be overdoing the amount that they put in so that they end up overly stressing themselves. 

I agree with you. One or two cycles of accumulation may not be enough to build a significant Bitcoin stack for most retail investors. If some of them are paid monthly and buy every month instead of every week, it will take them longer to get to a decent level. An investor who receives a monthly salary but buys Bitcoin weekly can eventually build a large holding at a reasonable price drop.
Accumulating Bitcoin continuously and buying more during the dips can provide a decent Bitcoin portfolio for those investors. Accumulating Bitcoin in a DCA strategy allows investors to keep each cycle going very smoothly without creating additional stress.

[iamsange]

>>>

Another thing to consider is maintaining cash reserves. Learning from the recent correction, many unexpected things happen. They feel pressured and are even willing to sell their BTC holdings even though the price is dropping because their funds for daily needs are running low. I think it's inevitable, whether they like it or not, they will do so, even if only a small portion.

The small percentage of people you're referring to may be those who aren't ready to become long-term investors holding Bitcoin, and they're too hasty to hold Bitcoin without first preparing themselves. Consider the small example of when Bitcoin corrected three days ago, USDT volume increased, which could indicate that most people rushed to invest their money to buy Bitcoin before the price rose again, as it has now. This means that people with the funds or cash preparedness you mentioned will always be able to execute their strategies smoothly, allowing them to buy when others are panicking and selling for whatever reason.

[Loyang]

Surely, if a person is very well organized in his finances and he has a lot of discretionary income, such as $400 or more per week of discretionary income, yet if he is just investing $10 per week into bitcoin, then he is not going to be very stressed by bitcoin, yet if he chooses to invest most of his discretionary income into bitcoin, such as more than $350 per week, and/or he does not keep back up funds, then he could end up putting himself in positions of stress.  Stress is not necessarily a bad thing, unless it is results in overdoing things, so each of us have to figure out comfortable financial and/or psychological limitations in regards to whether we invest into bitcoin, how we invest into bitcoin and how we manage our cashflows with back up funds.

Yes sir, you have given a very nice and reasonable explanation. There are many who take extra pressure to invest and due to this they get very scared and sell their holdings. Again many cannot manage their finances properly due to which they end up in a very bad situation.

I want to tell you an incident that happened before my eyes sir. There was a farmer in our area whose income was comparatively less. He bought a cow with some of his savings and fed the cow with the entire amount of his discretionary income. After some time his cow got sick and he did not have the money to get treatment and then he saw his cow slowly dying due to lack of treatment. If he had kept some part of his discretionary income in an emergency fund then maybe he could have got treatment. Similarly an investor should only invest. An investor should pay attention to all aspects of this how to keep his holdings safe and an investor should move forward considering all these aspects.

[Barikui1]

That seems to be correct.  We should not be expecting great performance in our bitcoin investment for the first cycle or two, since it takes a bit of time to put money in and most folks need time to build up the amount that they put in, and they should not be overdoing the amount that they put in so that they end up overly stressing themselves. 

Another thing to consider is maintaining cash reserves. Learning from the recent correction, many unexpected things happen. They feel pressured and are even willing to sell their BTC holdings even though the price is dropping because their funds for daily needs are running low. I think it's inevitable, whether they like it or not, they will do so, even if only a small portion.

You are actually right here bro, having a reserve funds saves your Bitcoin investment and also helps in addressing one or two things in difficult times, especially when the said fellow has overdone his accumulation or gone beyond his discretionary income a little, so the importance of reserve funds should not be underated because it's very helpful in closing all the loop holes and bad money management skills that would have affected your Bitcoin holdings if they weren't in place.
So having a reserve funds is also important in relieving your Bitcoin investment from pressure or stress that may have warrant you to temper with your investment, because you over did your Bitcoin accumulation more than your discretionary income.

[HajiBagi]

Surely, if a person is very well organized in his finances and he has a lot of discretionary income, such as $400 or more per week of discretionary income, yet if he is just investing $10 per week into bitcoin, then he is not going to be very stressed by bitcoin, yet if he chooses to invest most of his discretionary income into bitcoin, such as more than $350 per week, and/or he does not keep back up funds, then he could end up putting himself in positions of stress.  Stress is not necessarily a bad thing, unless it is results in overdoing things, so each of us have to figure out comfortable financial and/or psychological limitations in regards to whether we invest into bitcoin, how we invest into bitcoin and how we manage our cashflows with back up funds.

Yes sir, you have given a very nice and reasonable explanation. There are many who take extra pressure to invest and due to this they get very scared and sell their holdings. Again many cannot manage their finances properly due to which they end up in a very bad situation.

I want to tell you an incident that happened before my eyes sir. There was a farmer in our area whose income was comparatively less. He bought a cow with some of his savings and fed the cow with the entire amount of his discretionary income. After some time his cow got sick and he did not have the money to get treatment and then he saw his cow slowly dying due to lack of treatment. If he had kept some part of his discretionary income in an emergency fund then maybe he could have got treatment. Similarly an investor should only invest. An investor should pay attention to all aspects of this how to keep his holdings safe and an investor should move forward considering all these aspects.

I'm everything you do, make sure you have a good plan, if you are an investor or any other business person and you don't have a good plan for what you are doing, you will end up with a bad result. As an investor, make sure you know how to invest in bitcoin and how you are going to set your goals without having any problems at the end, the reason why some people fail is because they always think about the profit that they will make after investing.

When someone puts a profit ahead of their plan, they will not have a good plan in what they are doing, which is why you will see many investors end up selling their bitcoin to cover their expenses. It is always advisable to invest in bitcoin with what you can afford, don't use all of your money to buy bitcoin and later regret buying bitcoin because you have another problem to solve, you can buy bitcoin at any time, which is why many investors use the DCA method to buy bitcoin and have a peace of mind.

[As-Soon-As]

That seems to be correct.  We should not be expecting great performance in our bitcoin investment for the first cycle or two, since it takes a bit of time to put money in and most folks need time to build up the amount that they put in, and they should not be overdoing the amount that they put in so that they end up overly stressing themselves. 

Another thing to consider is maintaining cash reserves. Learning from the recent correction, many unexpected things happen. They feel pressured and are even willing to sell their BTC holdings even though the price is dropping because their funds for daily needs are running low. I think it's inevitable, whether they like it or not, they will do so, even if only a small portion.

Yes, that is why an emergency fund should be created, where one's Bitcoin investment cannot be touched by any external danger. This emergency fund is to deal with them, many people may be scared by the low price of Bitcoin at the present time, those who are weak hands must know that they are strong and should not sell their Bitcoin holdings in small dumping. Because it must be remembered that one should not expect benefits in the first bull market and the second bull market. They expect benefits, they are basically greedy and those are weak hands, all these investors can never achieve success, so one must hold on to Bitcoin investment with courage.
And by following the DCA method, buying and holding Bitcoin will achieve success and it becomes easy to keep it for a long time.

[Rockstarguy]

That seems to be correct.  We should not be expecting great performance in our bitcoin investment for the first cycle or two, since it takes a bit of time to put money in and most folks need time to build up the amount that they put in, and they should not be overdoing the amount that they put in so that they end up overly stressing themselves. 

Another thing to consider is maintaining cash reserves. Learning from the recent correction, many unexpected things happen. They feel pressured and are even willing to sell their BTC holdings even though the price is dropping because their funds for daily needs are running low. I think it's inevitable, whether they like it or not, they will do so, even if only a small portion.

Cash reserves and emergency funds are one area that needs to be looked into very carefully, because when they are neglected and one does not meet the expectations of Bitcoin investment, one can be tempted to touch their Bitcoin investment. As an investor, take your reserves seriously, just like your investments, because if you are lacking in this area, it will be very difficult to continue with your investments.
Another thing investors need to learn well is to never expect and assume too much about their Bitcoin investments, because they cannot be predicted, and you cannot ascertain the actual timing of a good return on your investment.

[Dunamisx]

Finding a reasonable balance of investing aggressively without overdoing it takes practice.

Those that have been investing on Bitcoin over time should know more more and act accordingly by investing safely on this manner, being determined for Bitcoin investment is not a yardstick for doing it wrong, because we have to know of all the necessary things that is expected of us to observe when the market is at a certain stage for us to invest, hold or sell.

[bitmover]

Finding a reasonable balance of investing aggressively without overdoing it takes practice.

I think a good way to measure that is about how you feel.
If you are worried about how much the price goes up or down, problems with sleep etc you are clearly over invested.

You need to invest an amount to keep calm no matter what happens to the price.

[Cossyblack]

That seems to be correct.  We should not be expecting great performance in our bitcoin investment for the first cycle or two, since it takes a bit of time to put money in and most folks need time to build up the amount that they put in, and they should not be overdoing the amount that they put in so that they end up overly stressing themselves.  

Another thing to consider is maintaining cash reserves. Learning from the recent correction, many unexpected things happen. They feel pressured and are even willing to sell their BTC holdings even though the price is dropping because their funds for daily needs are running low. I think it's inevitable, whether they like it or not, they will do so, even if only a small portion.

This is one big mistake that should be avoided,not to invest our emergency funds and money meant for our daily upkeep in Bitcoin. Our Basic needs is a top priority and should be taken care of first, whatever Extra cash that is left can be used to buy Bitcoin and build an Emergency funds & Reserve funds. like you have Said, unexpected things happen,we must always be prepared.So therefore, an Emergency fund & Reserve funds should be build to protect our Bitcoin investment against unexpected threats. Our Emergency fund is a safe Haven for our investment and should only be tamper with only If there's a real life Emergency that threatens our Bitcoin investment. Even when we start running low on fund,we can fall back to our Reserve funds as backup.

[Sim_card]

Finding a reasonable balance of investing aggressively without overdoing it takes practice.

I think a good way to measure that is about how you feel.
If you are worried about how much the price goes up or down, problems with sleep etc you are clearly over invested.

You need to invest an amount to keep calm no matter what happens to the price.

Exactly, when you invest within your discretionary income and don't invest beyond your discretionary income, you will not have any cause for alarm or have a sleepless night because you did not use money for other important things to invest over aggressively.

This is why you need to recheck your discretionary income and how much that you want to use from it to invest aggressively should be properly calculated and look into your needs at that moment if it wouldn't affect should in case you want to increase your initial DCA amount within your discretionary for aggressively buying. When you lack financial management and didn't put all these into considerations, you might end up overdoing it and that will affect your bitcoin investment and your emotions too.

[JayJuanGee]

Surely, if a person is very well organized in his finances and he has a lot of discretionary income, such as $400 or more per week of discretionary income, yet if he is just investing $10 per week into bitcoin, then he is not going to be very stressed by bitcoin, yet if he chooses to invest most of his discretionary income into bitcoin, such as more than $350 per week, and/or he does not keep back up funds, then he could end up putting himself in positions of stress.  Stress is not necessarily a bad thing, unless it is results in overdoing things, so each of us have to figure out comfortable financial and/or psychological limitations in regards to whether we invest into bitcoin, how we invest into bitcoin and how we manage our cashflows with back up funds.

Your explanation of this is very reasonable, and I hope everyone can understand investing properly through it. Because even now, I personally still sometimes see one or two investors who feel stressed even though they are invested in Bitcoin and diligently buy it every time they receive a paycheck from their regular job. And it's quite possible that the stress they experience is a result of a lack of proper cash flow management and setting boundaries for their investment methods, or they're simply pushing themselves too hard without considering the risks. This is what causes them stress, even though they've chosen the right investment assets, but they're simply not implementing them correctly.

That seems to be correct.  We should not be expecting great performance in our bitcoin investment for the first cycle or two, since it takes a bit of time to put money in and most folks need time to build up the amount that they put in, and they should not be overdoing the amount that they put in so that they end up overly stressing themselves. 

I agree with you. One or two cycles of accumulation may not be enough to build a significant Bitcoin stack for most retail investors. If some of them are paid monthly and buy every month instead of every week, it will take them longer to get to a decent level. An investor who receives a monthly salary but buys Bitcoin weekly can eventually build a large holding at a reasonable price drop.

It is my sense that we don't necessarily build our bitcoin holdings merely based on the frequency of our bitcoin buys, but instead by how large of a percentage of our income (or even percentage of our discretionary income) that we are able to dedicate to bitcoin buys.

Sure more frequent buys helps us to reinforce our seriousness in investing into bitcoin, and it also allows us to more easily catch the shorter-term price fluctuations, to the extent that it matters for us to catch short-term price fluctuations.

Personally, I think that it is more accurate to attempt to project our bitcoin stacking progress by figuring out the various ways that we can increase the quantity of our accumulations rather than the frequency, even though sure, I am in favor of more frequent  (such as at least weekly) bitcoin accumulations for the newest of bitcoin investors, perhaps in their first cycle or more.

Sometimes guys just cannot stack as fast because the size of their discretionary income just is not enough to make large bitcoin purchases, so if there are ways that these guys can increase their discretionary income by increasing their income and/or decreasing their expenses, then they are likely to make faster progress to the extent it is within their capabilities to improve their bitcoin accumulation in those ways without overly stressing themselves.

Another thing is the target level, and so maybe it can be reasonable for a guy to shoot to be able to replace his current income or maybe get to a level of 1.5x or 3x higher than his current income level from passively living off his bitcoin stash, yet there can be limitations in getting to those higher numbers, especially if there are desires to get there fast - and surely guys who are able to invest higher percentages of their income into bitcoin are going to be in better positions to reach levels that are higher than their current income or even multiples higher, yet reaching those levels have to do with how much we put into the investment more than the frequency that we are investing.

Accumulating Bitcoin continuously and buying more during the dips can provide a decent Bitcoin portfolio for those investors. Accumulating Bitcoin in a DCA strategy allows investors to keep each cycle going very smoothly without creating additional stress.

Guys have to figure out what works for them, and the extent to which they might want to hold back some value for buying on dips rather than systematically investing the money more or less as soon as they get it or within a reasonable time as the money is coming in.  Some guys might have multiple sources of income, yet having multiple sources of income is not necessary if the income level is reasonably high and allowing for reasonably high levels of discretionary income.

We cannot answer these investment questions for all guys since some guys might be better off to spend time, energy and money into improving their job skills and their job opportunities rather than focusing soley on investing into bitcoin, since if they might be working in dead end kinds of jobs that have relatively low pay, they might not be able to stack as well or even have as good of a quality of life by staying in the kinds of work that does not pay very well, and so there tend to be personal choices and even potentially creativity, since there could be ways to both focus on bitcoin and also improve employment (and income) possibilities at the same time.

Guys who are younger than 20 years old may well have to think about these matters differently from guys who are in their mid-30s or older, even though sometimes even guys who are older might have to consider the extent to which some retraining might be feasible and/or productive for their circumstances.

Surely, if a person is very well organized in his finances and he has a lot of discretionary income, such as $400 or more per week of discretionary income, yet if he is just investing $10 per week into bitcoin, then he is not going to be very stressed by bitcoin, yet if he chooses to invest most of his discretionary income into bitcoin, such as more than $350 per week, and/or he does not keep back up funds, then he could end up putting himself in positions of stress.  Stress is not necessarily a bad thing, unless it is results in overdoing things, so each of us have to figure out comfortable financial and/or psychological limitations in regards to whether we invest into bitcoin, how we invest into bitcoin and how we manage our cashflows with back up funds.

Yes sir, you have given a very nice and reasonable explanation. There are many who take extra pressure to invest and due to this they get very scared and sell their holdings. Again many cannot manage their finances properly due to which they end up in a very bad situation.

I want to tell you an incident that happened before my eyes sir. There was a farmer in our area whose income was comparatively less. He bought a cow with some of his savings and fed the cow with the entire amount of his discretionary income. After some time his cow got sick and he did not have the money to get treatment and then he saw his cow slowly dying due to lack of treatment. If he had kept some part of his discretionary income in an emergency fund then maybe he could have got treatment. Similarly an investor should only invest. An investor should pay attention to all aspects of this how to keep his holdings safe and an investor should move forward considering all these aspects.

I seem to recall seeing that cow example given recently, and I cannot recall if you had written it or someone else, and sure it can be a good example to show that we have to be careful in regards to how we are spending our money and that we want to protect our income generating assets - even though sometimes we might be doing all the right things, but we could be in over our heads in terms of whether we are able to support  the holding of the asset or various recourses that we might need to take based on our particular circumstances.

We cannot necessarily know from the cow example where the guy went wrong in managing his investment or managing his cashflow, even though you are suggesting that his failure to retain back up funds were part of the problem.   The punchline still does seem to relate to both how to maintain an investment that is producing income in terms of the competing ways that we might invest  or use our discretionary funds.. Many times people will screw up their investment based on their desires to consume, and surely there is nothing wrong with wanting to spend money on consumption as long as we are also protecting our investment and maintaining enough back up funds to cover irregularities in our income/expenses and to protect our investment.

By the way, there is a bit of a difference between any kind of an investment that produces current income as compared with investments that have the potential of producing future incomes.  It is likely that bitcoin fits in the latter category, since generally the idea is to build up the bitcoin investment to get it to a certain size that is large enough before we start to draw from it, yet there are some folks who will  tap into their bitcoin from time to time while they are still building it, which might be o.k. and acceptable in moderation as long as they are not overly depleting their bitcoin and interfering with their being able to reach a level of accumulation that is sufficiently large and perhaps a goal that they might have to be able to either live off their bitcoin or to have their bitcoin serve as a supplementary source of income.

That seems to be correct.  We should not be expecting great performance in our bitcoin investment for the first cycle or two, since it takes a bit of time to put money in and most folks need time to build up the amount that they put in, and they should not be overdoing the amount that they put in so that they end up overly stressing themselves. 

Another thing to consider is maintaining cash reserves. Learning from the recent correction, many unexpected things happen. They feel pressured and are even willing to sell their BTC holdings even though the price is dropping because their funds for daily needs are running low. I think it's inevitable, whether they like it or not, they will do so, even if only a small portion.

Yes, that is why an emergency fund should be created, where one's Bitcoin investment cannot be touched by any external danger. This emergency fund is to deal with them, many people may be scared by the low price of Bitcoin at the present time, those who are weak hands must know that they are strong and should not sell their Bitcoin holdings in small dumping.

If a person is investing into bitcoin from their discretionary funds and also money that they can afford to lose with expectations that they are not going to be tapping into their bitcoin investment for 4-10 years or beyond, then BTC price changes should have absolutely no effect upon their living situation, except perhaps if there is a dip, maybe they are looking out to see if they can find some extra funds to invest.

By the way, unless you have age and/or health concerns, there should not be too many reasons that any parts of your bitcoin investment is less than 10 years, so frequently several of us talk about 4 years as a minimum investment time horizon, yet most guys should not really be shooting for investment time horizons that are so short unless they have age and/or health concerns that cause them to have such a bitcoin investment timeline that is less than 10 years.

Because it must be remembered that one should not expect benefits in the first bull market and the second bull market. They expect benefits, they are basically greedy and those are weak hands, all these investors can never achieve success, so one must hold on to Bitcoin investment with courage.
And by following the DCA method, buying and holding Bitcoin will achieve success and it becomes easy to keep it for a long time.

I think that you are describing position size, As-Soon-As.  If we keep our position size reasonable, then we should not be overly bothered by a mere 13% drop in the price, and we should even be ready, willing and able to sustain much larger price drops that might even go as much as 80% or more.  Yeah, none of us really like price corrections, even though there is near inevitability that the BTC price is not going to go straight up, and perhaps one of the most guaranteed things in bitcoin is that it is going to be volatile, even though we don't know which direction beyond speculating about it and potentially having some decent theories about its general likely price direction.. which is likely a decept part of the justification for why we invest into bitcoin in the first place.

Finding a reasonable balance of investing aggressively without overdoing it takes practice.

Those that have been investing on Bitcoin over time should know more more and act accordingly by investing safely on this manner, being determined for Bitcoin investment is not a yardstick for doing it wrong, because we have to know of all the necessary things that is expected of us to observe when the market is at a certain stage for us to invest, hold or sell.

Trying to figure out specifics about bitcoin as compared with other places that we can put value is only one of the 9 individual factors, so the balance that we tend to need to focus on is in regards to how much of our discretionary income we are able to put into bitcoin without causing us unnecessary stress or even that we are gambling with our investment rather than finding an approach that does not push us over our limits.

[woez]

Those that have been investing on Bitcoin over time should know more more and act accordingly by investing safely on this manner, being determined for Bitcoin investment is not a yardstick for doing it wrong, because we have to know of all the necessary things that is expected of us to observe when the market is at a certain stage for us to invest, hold or sell.

That right sir. But, sometimes people may still be confused about determining a safe limit or margin of safety. If the implementer relies solely on a budget plan deemed ideal without considering the implementation budget plan, it can, under certain circumstances, create discomfort and lead to stress due to other internal issues beyond previous predictions, especially when associated with the ever-changing nature of the market. I can conclude that a good self-management strategy when investing in Bitcoin will change one's perspective between investing and speculating without causing financial stress in this big pool.

[ancafe]

That right sir. But, sometimes people may still be confused about determining a safe limit or margin of safety. If the implementer relies solely on a budget plan deemed ideal without considering the implementation budget plan, it can, under certain circumstances, create discomfort and lead to stress due to other internal issues beyond previous predictions, especially when associated with the ever-changing nature of the market. I can conclude that a good self-management strategy when investing in Bitcoin will change one's perspective between investing and speculating without causing financial stress in this big pool.

This actual selling point can be adjusted to the market price so that people have a definite figure each time they set a safe limit. I don't know if everyone understands the margin of safety, but in essence, implementation is not difficult if people are able to implement it correctly. Conversely, regarding the budget limit used for the investment process, it will not affect the conditions of daily life. For example, if someone has a budget of $100, $60 is invested in Bitcoin and the rest can be used for other needs.

If people invest without balancing their finances with their daily lives, it will be difficult to achieve success because they will then try to use short-term trading strategies, especially when they need money. This will impact market performance and price movements which are quite speculative at all times, and I believe a solution is needed.

[JayJuanGee]

That right sir. But, sometimes people may still be confused about determining a safe limit or margin of safety. If the implementer relies solely on a budget plan deemed ideal without considering the implementation budget plan, it can, under certain circumstances, create discomfort and lead to stress due to other internal issues beyond previous predictions, especially when associated with the ever-changing nature of the market. I can conclude that a good self-management strategy when investing in Bitcoin will change one's perspective between investing and speculating without causing financial stress in this big pool.

This actual selling point can be adjusted to the market price so that people have a definite figure each time they set a safe limit. I don't know if everyone understands the margin of safety, but in essence, implementation is not difficult if people are able to implement it correctly. Conversely, regarding the budget limit used for the investment process, it will not affect the conditions of daily life. For example, if someone has a budget of $100, $60 is invested in Bitcoin and the rest can be used for other needs.

If people invest without balancing their finances with their daily lives, it will be difficult to achieve success because they will then try to use short-term trading strategies, especially when they need money. This will impact market performance and price movements which are quite speculative at all times, and I believe a solution is needed.

Sure some people will have unstable incomes and/or unstable expenses, yet many people may have some idea about the range of their income/expenses.

Let's say a person in his mid 30s has been working for 10ish years in various kinds of employment (maybe even the same employer and getting raises along the way), and let's say that he started out making slightly less than $20k, and 10 years later he makes around $40k - promotions and raises.  Maybe he had been investing around those 10 years, around $100 per week, and he had put together various systems of having back up funds.

So generally in recent times his income had been between $3,200 and $3,900 and his basic living expenses have been around $1,800 to $2,200 per month... so there is some variance in his income and some variance in his expenses, yet he has some good idea for the range.

We could also make it that his income is higher or lower than the stated amount, but then account for 2-3 times per year, he receives some kind of a bonus that could be anywhere between $800 to $2k, so the guy can account for all of these matters and include his past investment practices and figure out how much he has in his savings (or other investments) at the time that he gets started investing in bitcoin.

Other guys might be way newer to their income arrangement or even their expenses have been changing, yet they are going to be better off if they can figure out ways to look at their past patterns in order to have some ideas about what their future income will be.

When they get started investing in bitcoin, they can consider how much they are putting in in the beginning to front load their bitcoin investment in getting started, and they can also figure out how much they might anticipate being able to continue to invest, whether they stick with some approximation of their past investment amounts or if they might calculate some different amount, depending on how confident in bitcoin will affect their chosen level of aggressiveness that they can adjust as they get more familiar with their investing into bitcoin and getting familiar with investing into bitcoin itself (learning about bitcoin).

Our level of aggressiveness may well depend on a variety of factors that include how confident we are in bitcoin as an investment as compared with other places where we could invest, and also potentially accounting for how organized our cashflow management and back up funds.

[Olatundespo]

I agree with you. One or two cycles of accumulation may not be enough to build a significant Bitcoin stack for most retail investors. If some of them are paid monthly and buy every month instead of every week, it will take them longer to get to a decent level. An investor who receives a monthly salary but buys Bitcoin weekly can eventually build a large holding at a reasonable price drop.

It is my sense that we don't necessarily build our bitcoin holdings merely based on the frequency of our bitcoin buys, but instead by how large of a percentage of our income (or even percentage of our discretionary income) that we are able to dedicate to bitcoin buys.

That's right. This is how retail investors like us accumulate Bitcoin. Adding a portion of the money we get from our jobs each week to our portfolio and continuing for many cycles as long as the source of income is there. Frequent DCA is the best method for buying Bitcoin. Adding a percentage from discretionary income is best.

Sure more frequent buys helps us to reinforce our seriousness in investing into bitcoin, and it also allows us to more easily catch the shorter-term price fluctuations, to the extent that it matters for us to catch short-term price fluctuations.

It is most important to make a habit of buying frequently. If your source of income from your job is added to your account every month, then choose to buy Bitcoin every week. Surely this type of buying opportunity will greatly affect your holdings growth. At least the first cycle or one additional cycle of weekly buying. Although this method of buying will be responsible for increasing the overall price during periods of price increases. But buying frequently in the long run is a great progress for you.

[Loyang]

Other guys might be way newer to their income arrangement or even their expenses have been changing, yet they are going to be better off if they can figure out ways to look at their past patterns in order to have some ideas about what their future income will be.

How the future income will be depends on a person himself. Because the more active a person is, the more likely it is that his income will increase in the future. For example, if a person is very good at reading from a young age and if he continues his education in the same way when he grows up, he may be able to do something very good. But if a person does not do his work well in the middle, then it will never bring good results for him. There are many people who initially work for a good salary and as soon as they get a job, they give up as they do not think about progress at that time and just finish the work that is there. A person has to be responsible for it, then only then he may be able to understand it himself and if he does something good, he will get good results.

Our level of aggressiveness may well depend on a variety of factors that include how confident we are in bitcoin as an investment as compared with other places where we could invest, and also potentially accounting for how organized our cashflow management and back up funds.

Yes, sir, we can increase our aggressive level depending on many things. For example, our financial management, our funds, sometimes the money we get from the workplace, reducing the extra expenses and continuing to buy aggressively with that money. There are many reasons why aggressive purchasing levels can be increased. To do this, it is very important for a person to have proper financial management.