Buy Buy Buy or Sell Sell Sell?

[Stormisover]

Long term is 10-12 years maybe a bit long. If an investor wants to withdraw profits and increase the amount of real assets within four years (one cycle), then it can be realistic for him. Instead of withdrawing his entire investment. If his profit amount in one cycle is more than he thought during the period of regular DCA method. For some reason, the possibility that the price of Bitcoin may fall should be considered in the investment thinking and you may be better off removing funds equal to the profit from the capital after a cycle.
Continuous DCA strategy and accumulation will continue and there is a strong desire to increase your assets from profits. I think selling Bitcoin before the completion of a four-year cycle is a trading mentality, so the long term should be 4-10 years.

The perspective depends on yourself in this case especially for bitcoin because in the end what we call long-term may not be for others and vice versa.

Regardless of whether the duration of time is considered long-term in the end as long as it is more than 1 or 2 halving rounds I think it is considered long-term so there is no need to question whether it is too long or not because it all depends on each perception.
I personally will still make this a long term but as for the investment time made it depends on my own perspective as long as I am still able to withstand then it doesn't matter if it is done for 5 years, 10 years or even more because after all when in bitcoin when the duration gets longer then the effectiveness and risk will be narrowed down so it is quite normal and very worth it to do when in bitcoin for the long term.
As long as we are able to withstand why not.

A more general bitcoin long term investment ranges from 4 to ten years of holding even though also, the longer you hold, the better chances of making something more encouraging.

As long as we are able to withstand why not.

It is very possible to Hodl for As long as you are active which presents bitcoin as a retirement plan order than just an active turnover business. Being active here means before retirement, when you could have a basic income to plan with. To an extent, Long term investment starts and ends in the mind: Your ability to resist push or pull due to market volatility. You could buy as little as you can hold off your discretionary income instead of accumulating Aggressively possibly by lump-sum or DCA beyond your capacity. The moment we avoid investing beyond our strength, then anyone could buy, buy and buy without getting tired of buying.

You can still be aggressive within your capacity, aggressiveness doesn't mean strangling yourself in a bid to invest into bitcoin, rather it is using a good portion of your discretionary income to invest into bitcoin as a sign of seriousness and dedication to your ongoing accumulation journey. The bad idea is to be over aggressive which puts the investor into unnecessary pressure in his investment schedule which can be as a result of using all of your discretionary income which was initially meant for investing and building backup funds for only investing into bitcoin, or worse still, also using funds meant for your expenses to buy bitcoin. It even puts your bitcoin portfolio at a risk since when the needs arises, you would have no other option than to tamper with your portfolio in order to solve the emergency or need that you should've considered prior to purchasing bitcoin.


Investing as low as 50% of your discretionary income can still be termed aggressiveness although some investor tends to be more aggressive than others and some can go as high as 70% of their discretionary income, yet every investor is advised to be as aggressive as they can without overdoing it or putting themselves at a disadvantage.

It is not wise enough to invest up to 70 percent of your Discretionary income into bitcoin. Having such amount invested would have a drastic effect on your backup funds and emergency funds. The percentage of funds you put into your back up funds and emergency funds really has a lot to do when it comes to how long and investor can be able to hold his assets and also influences the amount you put into your back up funds. Investing within your reach is better than investing Aggressively and having to sell of your assets in the event of unforeseen circumstances.

It doesn't make much of the difference mate, investing within your reach is the same thing as investing aggressively because that is your level of aggressiveness and there is nothing bad in that, it can a problem when you are investing above your reach by using money not meant for investment to invest and that is over aggressiveness where the problem is embedded, anyone can be advise to be aggressive as they can of course without over doing it and failure to identify this facts is equivalent to either you are starving your investment or your important living expenses.

[Silikiem]

Hello guys, I’m new to the thread and I want to understand more about buy buy or sell sell , I want to know more about buying and accumulating Bitcoin, I will be glad if you guys can help and reply or give answers to my questions
Thank you .

You should provide some information about yourself and your goals and perhaps you can provide that information without getting into too many specifics.. perhaps talk in terms of hypotheticals or maybe percentages.

Have you bought any bitcoin?
Do you have other investments?  how about debts and expenses?  

Do you have a steady income?  Are you expecting your income to change?  Do you know your discretionary income?  is it steady or does it vary?
Do you have emergency funds? or other kinds of back up funds?

What are your thoughts about bitcoin as compared with other places where you might invest?
What is your investment timeline?

It is hard to treat you like an investor if you have less than a 5 year investment timeline, and you did not say that the reason for such a short investment timeline was because of either health and/or age.

Initially I thought five years timeline will be okay but with your statement I have come to realize that five years will not be tangible to accumulate a good amount of btc, and of course I’m bearly 25years  Entrepreneur which means I still have a long way to go , I have a plan of increasing my timeline from 5 years to 15 years or probably 20years since I’m still young and I’m not old neither do I have any health issue .

It is hard to treat your ideas of investing into bitcoin seriously if you cannot establish a longer timeline... and so you are merely wanting to get into bitcoin and then get out of bitcoin with some dollar profits, and you will likely miss out on a likely compounding value that comes from holding bitcoin longer (such as for a lifetime and then potentially converting into sustainable withdrawal at some later point).

I’m not actually trying to get in and out of bitcoin with some dollar profit , just that I’m new to the Bitcoin investment and I never knew long timeline will be more profitable than short timeline but with this conversation I have come to understand that investing in Bitcoin in a long timeline is better than short timeline,  i wIll try my best to invest Bitcoin in a long timeline .

How do you expect any of us to help you with figuring out strategies that you might be able to apply, if you are merely planning to trade in and out of bitcoin?

All I needed was to be enlightened since I’m new into Bitcoin ,I never had in mind to trade in and out of Bitcoin , And I’m not planning to trade but to invest and accumulate a good amount , I have come to realize , and I now have a good knowledge of 10 to 15years investment and the benefits , so I expect everyone to assist and guid me right so I won’t make a mistake that is all .

What are you doing to make sure that your able to invest into bitcoin for the long term?  You do not need to give your specifics, but you could still describe if you have started investing into bitcoin and it you are establishing back up funds and maybe outline some of your individual particulars without necessarily describing your exact circumstances.   There are ways to ask questions without necessarily describing too many individual circumstances, and sometimes we might present hypothetical persons too that may or may not have similar circumstances as ourselves.

In our previous discussion I talked about how I have other investment that I make profit from, I would have like to describe in detail but since you said that I do not need to give my specifics, I think there would be no need to describe it any more for safety purpose since everything remain private here, I wouldn't want to describe any of my circumstances. At first I was finding it difficult to invest into Bitcoin since I don't have a good knowledge about Bitcoin, but Last week I invested $10 with the help of my brother, I plan to increase my investment to $20 and above as time goes on, but for now since I am new to Bitcoin and don't know much on how to buy bitcoin myself I will be learning on how to buy Bitcoin from exchange and send to private wallet, to get started with to avoid revealing my safety to a third party, I am just being careful to avoid mistakes.

Knowing how to buy or accumulate Bitcoin is one of the first thing you should know when starting Bitcoin investment because it is very necessary and buying from exchange and sending to your private wallet will cost you some unnecessary fees and so to avoid or prevent that you should meet someone that can teach you how to go about it, you can only reveal your private details to someone if you showed the person your device while login and to avoid revealing it, you can login before meeting the person or the person can still use his or her exchange to teach you how to do it.

In as much as I will love to say the money you are using is small, I will also want to congratulate you for starting first at least and I want to believe this $10 is what you can afford to let go and $10 means that your sources of income is very small but it doesn't matter how small you start what matters is how you will end, your consistency.

Yeah I know how important it is to know how to buy or accumulate bitcoin by myself, because anything investment one should be very careful and also source for help and knowledge that is the main reason why my brother is helping me out by teaching me how to go about it .

The money maybe too small but it’s for a start I’m on the training process , just as I said with time I will increase my investment, it could be weekly or monthly, what matter most is consistency and determination, what I started with shouldn’t be a problem to you , Also saying that  $10 is what I can afford let go is totally not an investor mindset , investment is not a gamble where you put what you can afford to lose , investment is a positive mindset and having a desire goal with a target , starting with $10 doesn’t necessarily mean my income is too small , it’s a gradual process , I’m learning how to do it  by myself, I will increase it overly as time goes on .

Well it’s better to start small and end big than to start big and end small or even not continuing again. What you are doing is not bad as a beginner and as someone who’s still learning the basics of bitcoin investment. What is important is that you are consistent in what you do, it doesn’t matter how big or small amount you start with because In bitcoin investment there’s no set minimum amount you need to start with, you even started good with $10. There are some exchanges that allows you to buy bitcoin even with $1, depending on your location though. As an investor with the mindset of investing for the long term goal, what really matters is your consistency with your accumulations and holding., so if you set aside your discretionary income as $10, then why not, you’re good to go with that. All you need to do is figure out the best strategy that’s suitably for your long term goal, and with that you can go with the DCA method of accumulation where you buy bitcoin either weekly or monthly with a certain amount, you can even buy fraction by fraction. I started the same way too, but my discretionary income sometimes varies from time to time due to the nature of my source of income, I don’t have a specific amount as income, because it depends mostly on the sales and gains made from the sales, and from there I will be able to set out my discretionary income.

[Zackz5000]

investment is not a gamble where you put what you can afford to lose

When accumulating Bitcoin let it be with what we let go that's the money we can afford to loss, your statement is indirectly saying that an investor can invest with the amount he/she can't afford to lose and such act can be seen as trading.

In bitcoin investment the amount of money you can afford to loss is what is called discretionary income it is from your discretionary income you can make purchases or you can use in accumulating Bitcoin for it is the money you can do away with for that is your leftover income, so Investing with what you can't afford to loss can be problematic even to your health and bitcoin investment.

Because even in gambling it is expected to gamble with what you can afford to loss because is not certain that one must be on the winning side.

[Jostern]

Hello guys, I’m new to the thread and I want to understand more about buy buy or sell sell , I want to know more about buying and accumulating Bitcoin, I will be glad if you guys can help and reply or give answers to my questions
Thank you .

You should provide some information about yourself and your goals and perhaps you can provide that information without getting into too many specifics.. perhaps talk in terms of hypotheticals or maybe percentages.

Have you bought any bitcoin?
Do you have other investments?  how about debts and expenses?  

Do you have a steady income?  Are you expecting your income to change?  Do you know your discretionary income?  is it steady or does it vary?
Do you have emergency funds? or other kinds of back up funds?

What are your thoughts about bitcoin as compared with other places where you might invest?
What is your investment timeline?

It is hard to treat you like an investor if you have less than a 5 year investment timeline, and you did not say that the reason for such a short investment timeline was because of either health and/or age.

Initially I thought five years timeline will be okay but with your statement I have come to realize that five years will not be tangible to accumulate a good amount of btc, and of course I’m bearly 25years  Entrepreneur which means I still have a long way to go , I have a plan of increasing my timeline from 5 years to 15 years or probably 20years since I’m still young and I’m not old neither do I have any health issue .

It is hard to treat your ideas of investing into bitcoin seriously if you cannot establish a longer timeline... and so you are merely wanting to get into bitcoin and then get out of bitcoin with some dollar profits, and you will likely miss out on a likely compounding value that comes from holding bitcoin longer (such as for a lifetime and then potentially converting into sustainable withdrawal at some later point).

I’m not actually trying to get in and out of bitcoin with some dollar profit , just that I’m new to the Bitcoin investment and I never knew long timeline will be more profitable than short timeline but with this conversation I have come to understand that investing in Bitcoin in a long timeline is better than short timeline,  i wIll try my best to invest Bitcoin in a long timeline .

How do you expect any of us to help you with figuring out strategies that you might be able to apply, if you are merely planning to trade in and out of bitcoin?

All I needed was to be enlightened since I’m new into Bitcoin ,I never had in mind to trade in and out of Bitcoin , And I’m not planning to trade but to invest and accumulate a good amount , I have come to realize , and I now have a good knowledge of 10 to 15years investment and the benefits , so I expect everyone to assist and guid me right so I won’t make a mistake that is all .

What are you doing to make sure that your able to invest into bitcoin for the long term?  You do not need to give your specifics, but you could still describe if you have started investing into bitcoin and it you are establishing back up funds and maybe outline some of your individual particulars without necessarily describing your exact circumstances.   There are ways to ask questions without necessarily describing too many individual circumstances, and sometimes we might present hypothetical persons too that may or may not have similar circumstances as ourselves.

In our previous discussion I talked about how I have other investment that I make profit from, I would have like to describe in detail but since you said that I do not need to give my specifics, I think there would be no need to describe it any more for safety purpose since everything remain private here, I wouldn't want to describe any of my circumstances. At first I was finding it difficult to invest into Bitcoin since I don't have a good knowledge about Bitcoin, but Last week I invested $10 with the help of my brother, I plan to increase my investment to $20 and above as time goes on, but for now since I am new to Bitcoin and don't know much on how to buy bitcoin myself I will be learning on how to buy Bitcoin from exchange and send to private wallet, to get started with to avoid revealing my safety to a third party, I am just being careful to avoid mistakes.

Knowing how to buy or accumulate Bitcoin is one of the first thing you should know when starting Bitcoin investment because it is very necessary and buying from exchange and sending to your private wallet will cost you some unnecessary fees and so to avoid or prevent that you should meet someone that can teach you how to go about it, you can only reveal your private details to someone if you showed the person your device while login and to avoid revealing it, you can login before meeting the person or the person can still use his or her exchange to teach you how to do it.

In as much as I will love to say the money you are using is small, I will also want to congratulate you for starting first at least and I want to believe this $10 is what you can afford to let go and $10 means that your sources of income is very small but it doesn't matter how small you start what matters is how you will end, your consistency.

Yeah I know how important it is to know how to buy or accumulate bitcoin by myself, because anything investment one should be very careful and also source for help and knowledge that is the main reason why my brother is helping me out by teaching me how to go about it .

The money maybe too small but it’s for a start I’m on the training process , just as I said with time I will increase my investment, it could be weekly or monthly, what matter most is consistency and determination, what I started with shouldn’t be a problem to you , Also saying that  $10 is what I can afford let go is totally not an investor mindset , investment is not a gamble where you put what you can afford to lose , investment is a positive mindset and having a desire goal with a target , starting with $10 doesn’t necessarily mean my income is too small , it’s a gradual process , I’m learning how to do it  by myself, I will increase it overly as time goes on .

The most important things are to invest and to continue accumulating as well, now it depends on your income rate and the amount of discretionary funds to be able to continue and be consistent in accumulation, it is not mostly important for you to be aggressive in accumulation, rather you want to front load your bitcoin, for a low coiner and and someone with low income focusing on accumulating little by little on a weekly basis or monthly Basis depending your income and discretionary funds, just keep investing and accumulating and hold, Till whenever we can be able to accumulate aggressively and front load as well. But right now it is mandatory for me to keep accumulating gradually and little by little till I can achieve my goal.    

[avp2306]

Knowing how to buy or accumulate Bitcoin is one of the first thing you should know when starting Bitcoin investment because it is very necessary and buying from exchange and sending to your private wallet will cost you some unnecessary fees and so to avoid or prevent that you should meet someone that can teach you how to go about it, you can only reveal your private details to someone if you showed the person your device while login and to avoid revealing it, you can login before meeting the person or the person can still use his or her exchange to teach you how to do it.

In as much as I will love to say the money you are using is small, I will also want to congratulate you for starting first at least and I want to believe this $10 is what you can afford to let go and $10 means that your sources of income is very small but it doesn't matter how small you start what matters is how you will end, your consistency.

If someone has basic knowledge about investment and Bitcoin, then he can invest and learn a lot along with investment. It is not right to delay investing for education, separate from buying or selling. If a new investor has basic knowledge about Bitcoin, and has faith in Bitcoin, then he can invest, and can also be successful by investing.

No amount of money is small to invest. It is necessary to start investing. Many people are afraid, they try investing with small amounts before investing more. Again, the amount of monthly or annual income of many people is very low, so investing $ 10 is a lot for them. Investing with any amount of money to invest is not small and the investment should be maintained for a long period of time.

Most common reason why people get afraid is they entertain so much those negative situation happened on the market. They value the fuds rather than focusing on negative situation that's why most of these people regret on possible effect of their bad decisions.

If they could just able to start right away and learn how to ignore the fuds then have faith with Bitcoin future, provably that they won't entertain anything negative that can possible affect their decisions. But rather they can focus on things that benefits them well especially for continuous buying their Bitcoins. There's no amount is small when you start up since any amount will do.  What's important is they already place their position and next thing they could do is to plan their next accumulation then do this again when they are ready.

[Joy- maker]

Long term is 10-12 years maybe a bit long. If an investor wants to withdraw profits and increase the amount of real assets within four years (one cycle), then it can be realistic for him. Instead of withdrawing his entire investment. If his profit amount in one cycle is more than he thought during the period of regular DCA method. For some reason, the possibility that the price of Bitcoin may fall should be considered in the investment thinking and you may be better off removing funds equal to the profit from the capital after a cycle.
Continuous DCA strategy and accumulation will continue and there is a strong desire to increase your assets from profits. I think selling Bitcoin before the completion of a four-year cycle is a trading mentality, so the long term should be 4-10 years.

The perspective depends on yourself in this case especially for bitcoin because in the end what we call long-term may not be for others and vice versa.

Regardless of whether the duration of time is considered long-term in the end as long as it is more than 1 or 2 halving rounds I think it is considered long-term so there is no need to question whether it is too long or not because it all depends on each perception.
I personally will still make this a long term but as for the investment time made it depends on my own perspective as long as I am still able to withstand then it doesn't matter if it is done for 5 years, 10 years or even more because after all when in bitcoin when the duration gets longer then the effectiveness and risk will be narrowed down so it is quite normal and very worth it to do when in bitcoin for the long term.
As long as we are able to withstand why not.

A more general bitcoin long term investment ranges from 4 to ten years of holding even though also, the longer you hold, the better chances of making something more encouraging.

As long as we are able to withstand why not.

It is very possible to Hodl for As long as you are active which presents bitcoin as a retirement plan order than just an active turnover business. Being active here means before retirement, when you could have a basic income to plan with. To an extent, Long term investment starts and ends in the mind: Your ability to resist push or pull due to market volatility. You could buy as little as you can hold off your discretionary income instead of accumulating Aggressively possibly by lump-sum or DCA beyond your capacity. The moment we avoid investing beyond our strength, then anyone could buy, buy and buy without getting tired of buying.

You can still be aggressive within your capacity, aggressiveness doesn't mean strangling yourself in a bid to invest into bitcoin, rather it is using a good portion of your discretionary income to invest into bitcoin as a sign of seriousness and dedication to your ongoing accumulation journey. The bad idea is to be over aggressive which puts the investor into unnecessary pressure in his investment schedule which can be as a result of using all of your discretionary income which was initially meant for investing and building backup funds for only investing into bitcoin, or worse still, also using funds meant for your expenses to buy bitcoin. It even puts your bitcoin portfolio at a risk since when the needs arises, you would have no other option than to tamper with your portfolio in order to solve the emergency or need that you should've considered prior to purchasing bitcoin.


Investing as low as 50% of your discretionary income can still be termed aggressiveness although some investor tends to be more aggressive than others and some can go as high as 70% of their discretionary income, yet every investor is advised to be as aggressive as they can without overdoing it or putting themselves at a disadvantage.

It is not wise enough to invest up to 70 percent of your Discretionary income into bitcoin. Having such amount invested would have a drastic effect on your backup funds and emergency funds. The percentage of funds you put into your back up funds and emergency funds really has a lot to do when it comes to how long and investor can be able to hold his assets and also influences the amount you put into your back up funds. Investing within your reach is better than investing Aggressively and having to sell of your assets in the event of unforeseen circumstances.

I agree with you investing 70% of your discretionary income is not wise enough, if your income is not that too high it will have effect on your emergency fund and backup fund, remember we are investing in bitcoin for long term 5 to 10 or longer which is not an easy tax, so if you only centralize your focus on accumulating bitcoin without focusing on building your emergency fund and backup fund it will effect affect your bitcoin investment since your income is not that too high, because if emergency arise and you don't have enough emergency fund or back up fund to handle that emergency it will have effect on your bitcoin investment, so in my own opinion I we suggest that the person should invest 50% of his or her discretionary income in bitcoin, then allocate 30% to his or her emergency fund, and then allocate 20% to his or her back up fund by doing this the equation is balance, because if you are investing 50% of your discretionary income in bitcoin that is your level of aggressiveness, don't invest the way other people are invest aggressively check your income and choose your own level of aggressiveness.

[Aanuoluwatofunmi]

Yeah I know how important it is to know how to buy or accumulate bitcoin by myself, because anything investment one should be very careful and also source for help and knowledge that is the main reason why my brother is helping me out by teaching me how to go about it .

In other for you to deliberately learn and be conscious of what you're being taught, tell him to allow you do things by yourself and also ensure that you taking note of all the vital aspects of it all during your learning stage, this will make your being independent faster in knowing how to invest and other strategies required.

Also, when the time comes for you to be full in control, then make sure that you maintain high privacy levels as regards information to your asset and only discuss opportunities and speculations with your brother when necessary, don't also invest much for a start, because you may lose your money, start small and learn to build your portfolio.

[woez]

I agree with you investing 70% of discretionary income is not wise enough it will have effect on your emergency fund and backup fund remember we are investing in bitcoin for long term 5 to 10 or longer which is not an easy tax, so if you centralize your focus on only accumulating bitcoin without focusing on building your emergency fund and backup fund too, because if emergency arise and you don't have enough emergency fund or back up fund to handle that emergency it will have effect on your bitcoin investment, so in my own opinion I we suggest that the person should invest 50% in bitcoin, then allocate 30% to his or her emergency fund, and then allocate 20% to his or her back up fund by doing this the equation is balance, because if you are investing 50% of your discretionary income in bitcoin that is your level of aggressiveness.

A good plan, but personally, my level of aggressiveness will always be balanced with how much of my income post each month is truly safe and not disturbed by all the noise. Btw, how will the BTC story end at the end of 2026 and this is very interesting to know because currently gold and oil are on the rise.

[Cossyblack]

Knowing how to buy or accumulate Bitcoin is one of the first thing you should know when starting Bitcoin investment because it is very necessary and buying from exchange and sending to your private wallet will cost you some unnecessary fees and so to avoid or prevent that you should meet someone that can teach you how to go about it, you can only reveal your private details to someone if you showed the person your device while login and to avoid revealing it, you can login before meeting the person or the person can still use his or her exchange to teach you how to do it.

In as much as I will love to say the money you are using is small, I will also want to congratulate you for starting first at least and I want to believe this $10 is what you can afford to let go and $10 means that your sources of income is very small but it doesn't matter how small you start what matters is how you will end, your consistency.

If a new investor has basic knowledge about Bitcoin, and has faith in Bitcoin, then he can invest, and can also be successful by investing.

For a new investor to be successful in his Bitcoin investment, he must approach the market with a long term plan while understanding the key factors in Bitcoin investment which is consistency, patient and risk tolerance. The more quantity of Bitcoin an investor can stash matters a lot because that is his main goal,to focus on accumulating more bitcoin consistently into his portfolio with DCA while building his Emergency funds simultaneously. Emergency funds is kept for real time  emergencies or unforseen occurrence,so as to help him not to tamper or sell parts of his portfolio when he needed not to. The market can be volatile and sometimes unpredictable,a long term plan is considerate as the right approach for a new investor because you he doesn't need to bother any more with fluctuation of prices of bitcoin as he is  already on a long term plan to invest and to Hodl for a substantial period of 10years and should only be focusing on his accumulation pace until he reaches his desirable accumulation  target.

[Odohu]

I agree with you investing 70% of discretionary income is not wise enough it will have effect on your emergency fund and backup fund remember we are investing in bitcoin for long term 5 to 10 or longer which is not an easy tax, so if you centralize your focus on only accumulating bitcoin without focusing on building your emergency fund and backup fund too, because if emergency arise and you don't have enough emergency fund or back up fund to handle that emergency it will have effect on your bitcoin investment, so in my own opinion I we suggest that the person should invest 50% in bitcoin, then allocate 30% to his or her emergency fund, and then allocate 20% to his or her back up fund by doing this the equation is balance, because if you are investing 50% of your discretionary income in bitcoin that is your level of aggressiveness.

A good plan, but personally, my level of aggressiveness will always be balanced with how much of my income post each month is truly safe and not disturbed by all the noise. Btw, how will the BTC story end at the end of 2026 and this is very interesting to know because currently gold and oil are on the rise.

If you are just thinking of the short term, you may not really enjoy Bitcoin and all the promises it holds. The best way to go about Bitcoin is to think long term since no one knows what will happen in a year or just few years but we do know that if you hold between different halvings, you will likely see remarkable growth in your investment as have been shown by available record.

You can reconfigure your mindset and think towards 2032 which is over 5 years from today, while you are focusing on that time, continue buying at whatever price you see and holding. Ensure you put only your discretionary income and also keep some funds to cover for any unplanned spending while you are holding your Bitcoin, this will serve as a protection to your Bitcoin. If you do this with utmost dedication, you will be happy at the end of the period.

[Tmoonz]

Yeah I know how important it is to know how to buy or accumulate bitcoin by myself, because anything investment one should be very careful and also source for help and knowledge that is the main reason why my brother is helping me out by teaching me how to go about it .

The money maybe too small but it’s for a start I’m on the training process , just as I said with time I will increase my investment, it could be weekly or monthly, what matter most is consistency and determination, what I started with shouldn’t be a problem to you , Also saying that  $10 is what I can afford let go is totally not an investor mindset , investment is not a gamble where you put what you can afford to lose , investment is a positive mindset and having a desire goal with a target , starting with $10 doesn’t necessarily mean my income is too small , it’s a gradual process , I’m learning how to do it  by myself, I will increase it overly as time goes on .

I understood the point at which you are not only investing based upon your financial abilities but as a result of the level of your understanding, it is a good thing that have decided to get the fucking started with the motive of increasing your investment allocation as your understanding increases too, there is nothing wrong being that conservative in the beginning of your investment because it has taken you from being a no coiner to a coiner, getting started is one basic and primary thing to do and it doesn't matter how much with the hope of improving other areas with passage of time. However, emphasis on taking care of your basic needs and only invest from your discretionary income to enable you have the peace of mind needed to grow your asset for as long as necessarily 4 to 10 years or more.

[JayJuanGee]

[edited out]

I agree with you investing 70% of your discretionary income is not wise enough, if your income is not that too high it will have effect on your emergency fund and backup fund, remember we are investing in bitcoin for long term 5 to 10 or longer which is not an easy tax, so if you only centralize your focus on accumulating bitcoin without focusing on building your emergency fund and backup fund it will effect affect your bitcoin investment since your income is not that too high, because if emergency arise and you don't have enough emergency fund or back up fund to handle that emergency it will have effect on your bitcoin investment, so in my own opinion I we suggest that the person should invest 50% of his or her discretionary income in bitcoin, then allocate 30% to his or her emergency fund, and then allocate 20% to his or her back up fund by doing this the equation is balance, because if you are investing 50% of your discretionary income in bitcoin that is your level of aggressiveness, don't invest the way other people are invest aggressively check your income and choose your own level of aggressiveness.

You are being a little bit unrealistic Joy- maker if you consider that anyone might be able to consistently invest 100% of his discretionary income in the three categories of investing in bitcoin(50%), emergency funds (30%) and reserve funds (20%).

First:  If you invest and use back up funds for 100% of your discretionary income, then you are not planning on spending any money on your own discretionary consumption and/or entertainment?  Probably everyone needs at least  a little bit of side money for some kind of discretionary consumption... Even if you have expenses like: lodging, utilities, food, transportation, there is going to be some discretion within those monthly expenses and so if you try to remove any discretion then that would mean you are going to be very strict in terms of those expenses, and if you have a family that you are supporting, then each of them needs to be aware that they can only consume absolute necessities to survive, no discretionary consumption.  Sure, I might be exaggerating, but it is still a valid point that for most people there is discretion within their various monthly expenses.

Second:  Emergency funds should be built up first.  You suggest building up emergency funds and back up funds simultaneously.  Your idea is not totally crazy, even though emergency funds should have a higher priority, even though surely, I have frequently suggested that there is no reason to necessarily build your emergency funds greater than the amount that you had put into bitcoin, and I have also frequently suggested that even brand new investors will frequently have a practice of already maintaining some level of a cash cushion that might amount to 2 to 6 weeks of their expenses, so even a brand new investor into bitcoin will likely be starting out with some level of emergency funds already established which justifies his ability to get into bitcoin right away and without having to build an emergency fund first.

Third: Once your emergency funds are built up to something like 3 months of your expenses, then they do not need to keep being added to (except, if you perceive some changes in your actual and/or possible expenses that might justify increasing your emergency funds to a higher level to at least match 3 months of your expenses).  Both emergency funds and reserve funds are two kinds of back up funds.  Emergency funds are ONLY for emergencies (or they are the last level of funds that would be tapped into prior to having to tap into your bitcoin investment).  Reserve funds have a lot more flexibility in terms of adding to them and even spending from them from time to time and however they might be designated.. perhaps keeping to buy dips, saving to buy a computer, saving to buy a bicycle for kid, saving to take spouse on vacation, and/or various other categories of savings that might have or lower levels of urgency/priority, and surely some savings/reserve funds might be related to investment (or to help you become more productive in your income earning/work-related), and other forms of savings/reserve funds might be largely for consumption and/or entertainment.. even though even some forms of consumption and/or entertainment might actually be needed to create and/or preserve some social relations that ultimately help in quality of life so they might have some level of requirement (or at least mixed purposes).

I agree with you investing 70% of discretionary income is not wise enough it will have effect on your emergency fund and backup fund remember we are investing in bitcoin for long term 5 to 10 or longer which is not an easy tax, so if you centralize your focus on only accumulating bitcoin without focusing on building your emergency fund and backup fund too, because if emergency arise and you don't have enough emergency fund or back up fund to handle that emergency it will have effect on your bitcoin investment, so in my own opinion I we suggest that the person should invest 50% in bitcoin, then allocate 30% to his or her emergency fund, and then allocate 20% to his or her back up fund by doing this the equation is balance, because if you are investing 50% of your discretionary income in bitcoin that is your level of aggressiveness.

A good plan, but personally, my level of aggressiveness will always be balanced with how much of my income post each month is truly safe and not disturbed by all the noise.

Anyone calculating their level of aggressiveness from their discretionary income would already be an attempt to take out the noise, since discretionary income is intended to be the money that is left after accounting for expenses.  You have some better way of calculating and/or considering these ways of figuring out levels of bitcoin investing aggressiveness?

Btw, how will the BTC story end at the end of 2026 and this is very interesting to know because currently gold and oil are on the rise.

Of course, from your forum registration date, we can see that you have been registered here since September 2018, so surely by now, you should have had quite a few opportunities to build up your bitcoin investment, and so it could be that for you, you could have some abilities to have had built up some decent amount of a bitcoin stash by now, even though it might have still had been difficult to really build up your bitcoin stash without frontloading your investment.   

Whether you have frontloaded your bitcoin investment is another story and/or whether you stayed focused on bitcoin is also another story, since you seem to be focused on either getting in or out of bitcoin and you also seem to be focused on inferior investments, such as gold and oil, and so perhaps after nearly 7 years registered on the forum, you still have not learned about bitcoin.. perhaps? perhaps?  I have my doubts that you know what you are doing or that you are even asking questions that relate to anyone who might either have knowledge of bitcoin or who at least might be trying to learn about bitcoin, which makes it more inexcusable if you believe that you have bitcoin knowledge but you don't seem to have any or much of any.

Another thing is that surely historically bitcoin's price has tended to move in cycles, and surely anyone who has been paying attention to bitcoin for nearly 7 years should realize that bitcoin has tended to move in cycles, while at the same time, there is no guarantee that bitcoin will continue to move in cycles, even though there may be some safeness in terms of attempting to recognize the historical cycles and to also recognize that bitcoin could still be in a cycle for peaking this year or maybe dragging into 2026, yet it can be difficult to know if cycles will repeat in bitcoin, including if there might be extended and drawn out bearish periods that could start in either 2025 or 2026 or perhaps such bearish period could end up starting later in 2027 or some time after that. 

None of us can really proclaim to know the future, whether referring to markets or otherwise, even though surely we can have theories regarding various aspects of the future, including that bitcoin remains amongst the best, if not the best of asymmetric bets that are currently available to everyone and/or anyone with a discretionary income or discretionary funds. Hopefully anyone investing into things like gold and/or oil are not putting too much value (such as greater than 10% of the size of their bitcoin investment) into such likely to be inferior investment locations, even though sure, there are investment theses for gold and for oil, yet anyone who knows about bitcoin should be figuring out their bitcoin allocations.. and frequently for newbies I suggest considering 5% to 25% allocation to bitcoin to start out, yet each person is responsible for his own choices including how whimpy or how aggressive he might choose to be in terms of his bitcoin investment that also includes accounting for his personal factors.

[edited out]

For a new investor to be successful in his Bitcoin investment, he must approach the market with a long term plan while understanding the key factors in Bitcoin investment which is consistency, patient and risk tolerance. The more quantity of Bitcoin an investor can stash matters a lot because that is his main goal,to focus on accumulating more bitcoin consistently into his portfolio with DCA while building his Emergency funds simultaneously. Emergency funds is kept for real time  emergencies or unforseen occurrence,so as to help him not to tamper or sell parts of his portfolio when he needed not to. The market can be volatile and sometimes unpredictable,a long term plan is considerate as the right approach for a new investor because you he doesn't need to bother any more with fluctuation of prices of bitcoin as he is  already on a long term plan to invest and to Hodl for a substantial period of 10years and should only be focusing on his accumulation pace until he reaches his desirable accumulation  target.

In recent times, I have been thinking about ways to attempt to characterize what might be an adequate amount to invest into bitcoin, and surely anyone who might have had gotten to a place that they had invested a year of their income (or even a year of their expenses - which would be a lower number) into bitcoin, then surely they have dedicated a quite a bit of investment into bitcoin... and it could take a person 4-20 years to reach such levels of investment into bitcoin, and the person who invests only 5% of their income into bitcoin will take 20 years to have had invested 1 year's income into bitcoin, while the person who invests 25% of their income into bitcoin will have had achieved putting 1 year's of their income into bitcoin after 4 years.  Of course, not everyone is capable of putting 25% of their income into bitcoin.. yet we can see that if someone has more discretionary income (such as a higher percentage of their income is discretionary) then they will likely have more abilities to reach a point of being able to have had invested a whole year's income into bitcoin sooner than the ones who have lower percentages (or amounts) of discretionary income.

[edited out]

You can reconfigure your mindset and think towards 2032 which is over 5 years from today, while you are focusing on that time, continue buying at whatever price you see and holding. Ensure you put only your discretionary income and also keep some funds to cover for any unplanned spending while you are holding your Bitcoin, this will serve as a protection to your Bitcoin. If you do this with utmost dedication, you will be happy at the end of the period.

Since woez has been registered on the forum since September 2018, we cannot really know the extent to which he had already been accumulating bitcoin, yet sure, there is likely quite a bit of safety to presume that woez does not really get bitcoin, and that he has not been focusing on accumulating it.. which has either put him as a no coiner or pretty low on the lowcoiner scale, relative to where he could have had been by now.

Otherwise, I agree with your recommendation including your suggestion to focus on something like 2032 (even though that is closer to 7 years into the future rather than 5 years into the future...

It seems anyone who is just starting out investing into bitcoin now and who is not able to either frontload his investment or he cannot anticipate being able to invest 15% or more of his income into bitcoin, then he is likely going to need at least 7 years to invest one year's of his income into bitcoin.. .which I consider to be a reasonable target that becomes somewhat tangible for guys to figure out how long it might take them to get to a point of having had invested a whole year's income into bitcoin.

[Olatundespo]

I agree with you investing 70% of discretionary income is not wise enough it will have effect on your emergency fund and backup fund remember we are investing in bitcoin for long term 5 to 10 or longer which is not an easy tax, so if you centralize your focus on only accumulating bitcoin without focusing on building your emergency fund and backup fund too, because if emergency arise and you don't have enough emergency fund or back up fund to handle that emergency it will have effect on your bitcoin investment, so in my own opinion I we suggest that the person should invest 50% in bitcoin, then allocate 30% to his or her emergency fund, and then allocate 20% to his or her back up fund by doing this the equation is balance, because if you are investing 50% of your discretionary income in bitcoin that is your level of aggressiveness.

A good plan, but personally, my level of aggressiveness will always be balanced with how much of my income post each month is truly safe and not disturbed by all the noise. Btw, how will the BTC story end at the end of 2026 and this is very interesting to know because currently gold and oil are on the rise.

It's not clear what you mean by the end of the Bitcoin story but if you are a new investor and trying to learn Bitcoin then you should study more. More importantly, try to accumulation Bitcoin along with studying. The value of every product will increase over time but you should research how you can maintain consistency with your financial situation. Suppose you are still in a job and get a fixed amount of salary every weekly or monthly. If your salary is increased a year later, it may not make much difference to the current situation because the price of the product will have increased by that time.

A portion of your discretionary income should be allocated for Bitcoin accumulate, consistent with the daily needs of the family. You can end the Bitcoin story nicely if you can continue regularly from your current income, uninterrupted and consistent. The lure of attractive prices in the long-term accumulation cycle may tempt you, but you should continue to accumulation Bitcoin indefinitely as long as your alternative source of income is ongoing.

[BitBakerr1]

[edited out]

For a new investor to be successful in his Bitcoin investment, he must approach the market with a long term plan while understanding the key factors in Bitcoin investment which is consistency, patient and risk tolerance. The more quantity of Bitcoin an investor can stash matters a lot because that is his main goal,to focus on accumulating more bitcoin consistently into his portfolio with DCA while building his Emergency funds simultaneously. Emergency funds is kept for real time  emergencies or unforseen occurrence,so as to help him not to tamper or sell parts of his portfolio when he needed not to. The market can be volatile and sometimes unpredictable,a long term plan is considerate as the right approach for a new investor because you he doesn't need to bother any more with fluctuation of prices of bitcoin as he is  already on a long term plan to invest and to Hodl for a substantial period of 10years and should only be focusing on his accumulation pace until he reaches his desirable accumulation  target.

In recent times, I have been thinking about ways to attempt to characterize what might be an adequate amount to invest into bitcoin, and surely anyone who might have had gotten to a place that they had invested a year of their income (or even a year of their expenses - which would be a lower number) into bitcoin, then surely they have dedicated a quite a bit of investment into bitcoin... and it could take a person 4-20 years to reach such levels of investment into bitcoin, and the person who invests only 5% of their income into bitcoin will take 20 years to have had invested 1 year's income into bitcoin, while the person who invests 25% of their income into bitcoin will have had achieved putting 1 year's of their income into bitcoin after 4 years.  Of course, not everyone is capable of putting 25% of their income into bitcoin.. yet we can see that if someone has more discretionary income (such as a higher percentage of their income is discretionary) then they will likely have more abilities to reach a point of being able to have had invested a whole year's income into bitcoin sooner than the ones who have lower percentages (or amounts) of discretionary income.

You are correct Sir JJG for me I will say the more sacrifice you make the more you will achieve, there are some set of people who have decided to use 40 percent of there discretionary income into Bitcoin and there are also some people who have decided to use 80 percent of there discretionary income for Bitcoin accumulation this two set of people made different sacrifices those that used only 40 percent of there discretionary income wanted to try other things and to have fun a little whereby those who used 80 percent of there discretionary income sacrificed more by denying there self's some things that the other person enjoyed, and those that used 40 percent only can take 8 years to achieve what those that used 80 percent achieved in 4 years so the larger your percentage the Shorter your journey and the smaller the percentage the longer the journey. So it all depends on what you want and what you can cope with.

[asarfiar]

Yeah I know how important it is to know how to buy or accumulate bitcoin by myself, because anything investment one should be very careful and also source for help and knowledge that is the main reason why my brother is helping me out by teaching me how to go about it .

The money maybe too small but it’s for a start I’m on the training process , just as I said with time I will increase my investment, it could be weekly or monthly, what matter most is consistency and determination, what I started with shouldn’t be a problem to you , Also saying that  $10 is what I can afford let go is totally not an investor mindset , investment is not a gamble where you put what you can afford to lose , investment is a positive mindset and having a desire goal with a target , starting with $10 doesn’t necessarily mean my income is too small , it’s a gradual process , I’m learning how to do it  by myself, I will increase it overly as time goes on .

I understood the point at which you are not only investing based upon your financial abilities but as a result of the level of your understanding, it is a good thing that have decided to get the fucking started with the motive of increasing your investment allocation as your understanding increases too, there is nothing wrong being that conservative in the beginning of your investment because it has taken you from being a no coiner to a coiner, getting started is one basic and primary thing to do and it doesn't matter how much with the hope of improving other areas with passage of time. However, emphasis on taking care of your basic needs and only invest from your discretionary income to enable you have the peace of mind needed to grow your asset for as long as necessarily 4 to 10 years or more.

The mistake that most people make when investing in Bitcoin is the lack of proper decision-making. If someone can change their perspective, then they can take appropriate steps to invest in Bitcoin. Anyone can invest in Bitcoin regularly even with a small capital. If your goal is right and you use the right understanding, you can perform investment activities without mental worry. For long-term investment in Bitcoin, you should invest your earned money in Bitcoin regularly after meeting your biological needs and manage this investment for a long time, at least 4-10 years.

To sustain Bitcoin for a long time, you should create a prudent fund along with your emergency fund so that your Bitcoin is not disrupted by any natural disaster. This prudent fund will play an important role in your long-term investment in Bitcoin.

[sotelorene]

[edited out]

For a new investor to be successful in his Bitcoin investment, he must approach the market with a long term plan while understanding the key factors in Bitcoin investment which is consistency, patient and risk tolerance. The more quantity of Bitcoin an investor can stash matters a lot because that is his main goal,to focus on accumulating more bitcoin consistently into his portfolio with DCA while building his Emergency funds simultaneously. Emergency funds is kept for real time  emergencies or unforseen occurrence,so as to help him not to tamper or sell parts of his portfolio when he needed not to. The market can be volatile and sometimes unpredictable,a long term plan is considerate as the right approach for a new investor because you he doesn't need to bother any more with fluctuation of prices of bitcoin as he is  already on a long term plan to invest and to Hodl for a substantial period of 10years and should only be focusing on his accumulation pace until he reaches his desirable accumulation  target.

In recent times, I have been thinking about ways to attempt to characterize what might be an adequate amount to invest into bitcoin, and surely anyone who might have had gotten to a place that they had invested a year of their income (or even a year of their expenses - which would be a lower number) into bitcoin, then surely they have dedicated a quite a bit of investment into bitcoin... and it could take a person 4-20 years to reach such levels of investment into bitcoin, and the person who invests only 5% of their income into bitcoin will take 20 years to have had invested 1 year's income into bitcoin, while the person who invests 25% of their income into bitcoin will have had achieved putting 1 year's of their income into bitcoin after 4 years.  Of course, not everyone is capable of putting 25% of their income into bitcoin.. yet we can see that if someone has more discretionary income (such as a higher percentage of their income is discretionary) then they will likely have more abilities to reach a point of being able to have had invested a whole year's income into bitcoin sooner than the ones who have lower percentages (or amounts) of discretionary income.

You are correct Sir JJG for me I will say the more sacrifice you make the more you will achieve, there are some set of people who have decided to use 40 percent of there discretionary income into Bitcoin and there are also some people who have decided to use 80 percent of there discretionary income for Bitcoin accumulation this two set of people made different sacrifices those that used only 40 percent of there discretionary income wanted to try other things and to have fun a little whereby those who used 80 percent of there discretionary income sacrificed more by denying there self's some things that the other person enjoyed, and those that used 40 percent only can take 8 years to achieve what those that used 80 percent achieved in 4 years so the larger your percentage the Shorter your journey and the smaller the percentage the longer the journey. So it all depends on what you want and what you can cope with.

Yes the more sacrifice you make the more one will achieve but sacrifice is not about how big or small but rather what matters the most is how well and perfect you are doing the sacrifice, are you sacrificing the right way? Are you following the principles? Because almost everything in life has protocols or principles one ought to observe before the result will be achieved. Someone can be using 80 percent and yet someone that is using 40 percent will do better and have good return and a successful investment than someone that is using 80 percent.

[Shadiq]

You are correct Sir JJG for me I will say the more sacrifice you make the more you will achieve, there are some set of people who have decided to use 40 percent of there discretionary income into Bitcoin and there are also some people who have decided to use 80 percent of there discretionary income for Bitcoin accumulation this two set of people made different sacrifices those that used only 40 percent of there discretionary income wanted to try other things and to have fun a little whereby those who used 80 percent of there discretionary income sacrificed more by denying there self's some things that the other person enjoyed, and those that used 40 percent only can take 8 years to achieve what those that used 80 percent achieved in 4 years so the larger your percentage the Shorter your journey and the smaller the percentage the longer the journey. So it all depends on what you want and what you can cope with.

The percentage of your discretionary income that you invest may not be very important. If one person's discretionary income is $100 and another person's discretionary income is $50, how do you calculate it in percentage terms? You must make sacrifices to achieve your goal and the more sacrifices you make, the faster you will be able to achieve your goal. In the case of the two people mentioned, if the first person invests 40% of their discretionary income and the second person invests 80% of their discretionary income, who will achieve their goal first? I would say there is no definite answer. They would be able to invest the same amount of money after a certain period of time.

But in terms of achieving their goal, they will be different. Because your goal and mine are not the same and our discretionary income is not the same. In order to achieve your goal, you have to set a goal and you can also set a time frame for achieving your goal. Depending on that goal, you have to plan and determine the amount of investment. In this case, your position or ability is very important. You should not set goals that are difficult for you or that affect your quality of life.

Plan your investments and decide the amount of investment based on your capabilities. In this case, it must be prudent in investing. You should not overestimate the percentage of your discretionary income that you are investing. However, it is better not to make unnecessary expenses from your discretionary income and limit your discretionary income to investments and necessary fund formation as a plan.

[Tonimez]

Yeah I know how important it is to know how to buy or accumulate bitcoin by myself, because anything investment one should be very careful and also source for help and knowledge that is the main reason why my brother is helping me out by teaching me how to go about it .

The money maybe too small but it’s for a start I’m on the training process , just as I said with time I will increase my investment, it could be weekly or monthly, what matter most is consistency and determination, what I started with shouldn’t be a problem to you , Also saying that  $10 is what I can afford let go is totally not an investor mindset , investment is not a gamble where you put what you can afford to lose , investment is a positive mindset and having a desire goal with a target , starting with $10 doesn’t necessarily mean my income is too small , it’s a gradual process , I’m learning how to do it  by myself, I will increase it overly as time goes on .

I understood the point at which you are not only investing based upon your financial abilities but as a result of the level of your understanding, it is a good thing that have decided to get the fucking started with the motive of increasing your investment allocation as your understanding increases too, there is nothing wrong being that conservative in the beginning of your investment because it has taken you from being a no coiner to a coiner, getting started is one basic and primary thing to do and it doesn't matter how much with the hope of improving other areas with passage of time. However, emphasis on taking care of your basic needs and only invest from your discretionary income to enable you have the peace of mind needed to grow your asset for as long as necessarily 4 to 10 years or more.

The mistake that most people make when investing in Bitcoin is the lack of proper decision-making. If someone can change their perspective, then they can take appropriate steps to invest in Bitcoin. Anyone can invest in Bitcoin regularly even with a small capital. If your goal is right and you use the right understanding, you can perform investment activities without mental worry. For long-term investment in Bitcoin, you should invest your earned money in Bitcoin regularly after meeting your biological needs and manage this investment for a long time, at least 4-10 years.

To sustain Bitcoin for a long time, you should create a prudent fund along with your emergency fund so that your Bitcoin is not disrupted by any natural disaster. This prudent fund will play an important role in your long-term investment in Bitcoin.

There cannot be any successful bitcoin investment without a commiserate stash of back up funds and emergency funds which makes this a first step in bitcoin accumulation.

[Gost ms]

[edited out]

For a new investor to be successful in his Bitcoin investment, he must approach the market with a long term plan while understanding the key factors in Bitcoin investment which is consistency, patient and risk tolerance. The more quantity of Bitcoin an investor can stash matters a lot because that is his main goal,to focus on accumulating more bitcoin consistently into his portfolio with DCA while building his Emergency funds simultaneously. Emergency funds is kept for real time  emergencies or unforseen occurrence,so as to help him not to tamper or sell parts of his portfolio when he needed not to. The market can be volatile and sometimes unpredictable,a long term plan is considerate as the right approach for a new investor because you he doesn't need to bother any more with fluctuation of prices of bitcoin as he is  already on a long term plan to invest and to Hodl for a substantial period of 10years and should only be focusing on his accumulation pace until he reaches his desirable accumulation  target.

In recent times, I have been thinking about ways to attempt to characterize what might be an adequate amount to invest into bitcoin, and surely anyone who might have had gotten to a place that they had invested a year of their income (or even a year of their expenses - which would be a lower number) into bitcoin, then surely they have dedicated a quite a bit of investment into bitcoin... and it could take a person 4-20 years to reach such levels of investment into bitcoin, and the person who invests only 5% of their income into bitcoin will take 20 years to have had invested 1 year's income into bitcoin, while the person who invests 25% of their income into bitcoin will have had achieved putting 1 year's of their income into bitcoin after 4 years.  Of course, not everyone is capable of putting 25% of their income into bitcoin.. yet we can see that if someone has more discretionary income (such as a higher percentage of their income is discretionary) then they will likely have more abilities to reach a point of being able to have had invested a whole year's income into bitcoin sooner than the ones who have lower percentages (or amounts) of discretionary income.

You are correct Sir JJG for me I will say the more sacrifice you make the more you will achieve, there are some set of people who have decided to use 40 percent of there discretionary income into Bitcoin and there are also some people who have decided to use 80 percent of there discretionary income for Bitcoin accumulation this two set of people made different sacrifices those that used only 40 percent of there discretionary income wanted to try other things and to have fun a little whereby those who used 80 percent of there discretionary income sacrificed more by denying there self's some things that the other person enjoyed, and those that used 40 percent only can take 8 years to achieve what those that used 80 percent achieved in 4 years so the larger your percentage the Shorter your journey and the smaller the percentage the longer the journey. So it all depends on what you want and what you can cope with.

Yes the more sacrifice you make the more one will achieve but sacrifice is not about how big or small but rather what matters the most is how well and perfect you are doing the sacrifice, are you sacrificing the right way? Are you following the principles? Because almost everything in life has protocols or principles one ought to observe before the result will be achieved. Someone can be using 80 percent and yet someone that is using 40 percent will do better and have good return and a successful investment than someone that is using 80 percent.

JJust because you invest 40% or 80% doesn't mean you will be a successful investor. Investing 80% of your disposable income is very aggressive investing. Try to invest with the amount of money that is left after deducting all your expenses. The Bitcoin market is very volatile and no one can ever tell what will happen in the future. But long-term investments have a much higher chance of success.

You can invest with the amount of money that is left after deducting all your personal expenses and I would like to advise beginners to invest 5% to 25% of their income.

[CageMabok]

Yes the more sacrifice you make the more one will achieve but sacrifice is not about how big or small but rather what matters the most is how well and perfect you are doing the sacrifice, are you sacrificing the right way? Are you following the principles? Because almost everything in life has protocols or principles one ought to observe before the result will be achieved. Someone can be using 80 percent and yet someone that is using 40 percent will do better and have good return and a successful investment than someone that is using 80 percent.

What you said might be true because in terms of using capital as a sign of sacrifice for yourself, it doesn't have to be too big as long as we have a unique way to make small capital bigger. So the level of success is actually not always determined by the amount of large capital because it would also be useless to use too much capital if the way to manage it is not good enough and can result in losses. So in any case, everyone must really understand the pattern first and must also have a really powerful way to be used by themselves for a good enough purpose. Because this kind of thing is usually used more by those who don't have much capital but are still brave enough to make sacrifices with the genius steps they already have in order to make their capital even bigger.