Buy Buy Buy or Sell Sell Sell?

[Agbamoni]

Investing into Bitcoin with a budget in mind wouldn’t be quite easy, Bitcoin is a very volatile assets so it wouldn’t be very easy to have an amount in mind to use in investing, that is why I think it’s more reasonable to accumulate gradually on a weekly or monthly basis depending on  when you’ve have a discretionary funds, and planning on budgeting will definitely make us not to accumulate much bitcoin considering the volatile nature of bitcoin , because there are times when Bitcoin would increase and times when Bitcoin would decrease, having budget in mind would probably make us not to exceed our budget, Waiting to get whatever amount of budget set aside before starting to invest would be a waste of time because you might not get that budget which you planned.

At this point, instead of using budget why not we replace the word with "target" because budget might actually mean we wont exceed that amount no matter what which may not be possible. Investors sometimes get overwhelmed after accumulating a large chunk, most of them just want to keep on accumulating and holding.

And honestly, the advantage of having a target in mind means you will reach that goal and can exceed it, if need for it arises, the point is you've reached the goal. Budget may keep us defined on the fixed amount we have in mind, and we know the drill "the more Bitcoin we have in our portfolio = the value of profit we will expect in the long run"

[Moreno233]

Hmm… you’re still not getting the point, all you need to start is that extra little money you can afford to lose which is your discretionary fund,

You have a very poor mindset of what it takes to successfully build and sustain a Bitcoin investment. First, you should adjust this mindset of investing what you can afford to lose because such mindset will only make you afraid of even investing in Bitcoin because you cannot intentionally put your money where you will lose it. There was a reason it was recommended to invest only discretionary income because that is the money you can keep

For someone who has a rich mindset of bitcoin investment and yet you don’t know what the phrase “afford to lose” means. No one goes into investment expecting to lose, that’s not what I’m talking about or what the statement means; it only means your protecting your financial well-being and managing your risk. And I even added which is your discretionary fund. Dude didn’t you see that? Or you’re trying to support what you don’t understand eh?
How are you a Senior member when you don’t understand this simple phrase ?

Discretionary income is not the amount of money an individual can afford to lose. Discretionary income is your total income minus your expenses for basic needs. It is from your discretionary income you are expected to make investment, set up emergency funds and still keep reserve funds if you want to. If you use your discretionary income carelessly, you will not be able to invest in Bitcoin and there are high chances of you running into debt because it simply means you will not have any other money after you have paid your bills that constitute your basic needs.

I just want you to adjust your mindset of investing what you can afford to lose because that is not a good mindset for a serious minded investor that want to take his Bitcoin accumulation seriously. Investing in Bitcoin is not trial by error business neither is it the same thing as gambling, hence it will be wrong to approach it with the mindset of gambling.

[Frankolala]

Hmm… you’re still not getting the point, all you need to start is that extra little money you can afford to lose which is your discretionary fund,

You have a very poor mindset of what it takes to successfully build and sustain a Bitcoin investment. First, you should adjust this mindset of investing what you can afford to lose because such mindset will only make you afraid of even investing in Bitcoin because you cannot intentionally put your money where you will lose it. There was a reason it was recommended to invest only discretionary income because that is the money you can keep

For someone who has a rich mindset of bitcoin investment and yet you don’t know what the phrase “afford to lose” means. No one goes into investment expecting to lose, that’s not what I’m talking about or what the statement means; it only means your protecting your financial well-being and managing your risk. And I even added which is your discretionary fund. Dude didn’t you see that? Or you’re trying to support what you don’t understand eh?
How are you a Senior member when you don’t understand this simple phrase ?

Discretionary income is not the amount of money an individual can afford to lose. Discretionary income is your total income minus your expenses for basic needs. It is from your discretionary income you are expected to make investment, set up emergency funds and still keep reserve funds if you want to. If you use your discretionary income carelessly, you will not be able to invest in Bitcoin and there are high chances of you running into debt because it simply means you will not have any other money after you have paid your bills that constitute your basic needs.

Your discretionary income is the money that you can afford to lose because you can use it to do whatever you like, and it wouldn't affect your lifestyle or make you run into debt. Why is it that if you use your discretionary income to invest in bitcoin, you wouldn't run into debt. Some people who are not investing into bitcoin are using their discretionary income to some cigarettes, gamble, womanize and club without having any problem in taking care of themselves. This is why you are advised to use such funds to invest into bitcoin because it will enable you hodli for a long period of time since you can survive without your discretionary income. Some people save their discretionary income in a bank over a long period of time so that they can use it to buy an expensive thing that they cannot buy once. It's better to put this money into bitcoin instead of the bank because inflation will eat up your fiat and it will lose value overtime.

I just want you to adjust your mindset of investing what you can afford to lose because that is not a good mindset for a serious-minded investor that want to take his Bitcoin accumulation seriously. Investing in Bitcoin is not trial by error business neither is it the same thing as gambling, hence it will be wrong to approach it with the mindset of gambling

What makes you feel that using the amount of money that you can afford to lose will make you not have a serious mindset of not taking your bitcoin accumulation serious. It's only a reminder that bitcoin investment is not 100 percent guaranteed to be safe. This will also make you not to depend solemnly one your bitcoin investment as the only hope for your future and will make you invest in other places that can generate funds for you at old age, so that if bitcoin goes against you, you will not end up in poverty and frustration and give up on life. The word has a lot of meaning that will caution an investor to invest wisely for a healthy and good cash inflow management and not because you are a gambler.

[CageMabok]

...

The idea of waiting to prepare better is good if only you have not sorted out your Discretionary income then you can wait to figure it out before you can proceed with your bitcoin investment but if your Discretionary income is been sort out i think there is no need waiting further as you can start buying bitcoin the earlier you started the better for you as waiting can come with several challenges of not starting when you had the chance or the opportunity to get kick off as you might get discouraged and end up making a postponment or keep on procastinating and never getting started as the more you keep waiting the more you keep missing out some good buying opportunity.

Is it that complicated to buy Bitcoin that there has to be so much preparation that can sometimes be confusing for beginners who want to start? I think all of us who already understand Bitcoin and already know how it works and have seen how its volume is in the market, of course don't have to be afraid to buy Bitcoin and don't have to think complicatedly when we want to buy Bitcoin. Because for the preparation, everyone can actually manage it themselves because Bitcoin can be bought in very small amounts and not necessarily in large amounts at once. So what is there to worry about in this case when we ourselves have a strong intention to buy Bitcoin?

[Kagaru]

Is it that complicated to buy Bitcoin that there has to be so much preparation that can sometimes be confusing for beginners who want to start? I think all of us who already understand Bitcoin and already know how it works and have seen how its volume is in the market, of course don't have to be afraid to buy Bitcoin and don't have to think complicatedly when we want to buy Bitcoin. Because for the preparation, everyone can actually manage it themselves because Bitcoin can be bought in very small amounts and not necessarily in large amounts at once. So what is there to worry about in this case when we ourselves have a strong intention to buy Bitcoin?

Yeah definitely I believe that the whole concept of over preparing just postpones people and does not really have a reason behind it. Purchasing Bitcoin does not need to be such a massive complex procedure. As you mention you can begin with just a few dollars and go on with it. More important is consistency and mindset that a person is not trying to be excellent in the first place within mere few days. So many individuals are missing opportunities simply because they are majoring on the minor and differentiating between the wrong and right time which is really never coming. Assuming you have got your discretionary income in its place and you think in the long term value then just get going and learn as you go.

[Umulala-alala]

Hmm… you’re still not getting the point, all you need to start is that extra little money you can afford to lose which is your discretionary fund,

You have a very poor mindset of what it takes to successfully build and sustain a Bitcoin investment. First, you should adjust this mindset of investing what you can afford to lose because such mindset will only make you afraid of even investing in Bitcoin because you cannot intentionally put your money where you will lose it. There was a reason it was recommended to invest only discretionary income because that is the money you can keep

For someone who has a rich mindset of bitcoin investment and yet you don’t know what the phrase “afford to lose” means. No one goes into investment expecting to lose, that’s not what I’m talking about or what the statement means; it only means your protecting your financial well-being and managing your risk. And I even added which is your discretionary fund. Dude didn’t you see that? Or you’re trying to support what you don’t understand eh?
How are you a Senior member when you don’t understand this simple phrase ?

Discretionary income is not the amount of money an individual can afford to lose. Discretionary income is your total income minus your expenses for basic needs. It is from your discretionary income you are expected to make investment, set up emergency funds and still keep reserve funds if you want to. If you use your discretionary income carelessly, you will not be able to invest in Bitcoin and there are high chances of you running into debt because it simply means you will not have any other money after you have paid your bills that constitute your basic needs.

I just want you to adjust your mindset of investing what you can afford to lose because that is not a good mindset for a serious minded investor that want to take his Bitcoin accumulation seriously. Investing in Bitcoin is not trial by error business neither is it the same thing as gambling, hence it will be wrong to approach it with the mindset of gambling.

It seems you are a bit confused here, Discretionary income and the money you can afford to loss mean the same thing if you are investing with the money you can't afford to loss you are gambling so as Discretionary income too, if you are not investing from your discretionary income you are equally gambling so i will say IceLincoln is right if he refers Discretionary income as money you can afford to loss.
Bitcoin is a long time investment so when investing let's use money we can let go .

[Finebone]

Hmm… you’re still not getting the point, all you need to start is that extra little money you can afford to lose which is your discretionary fund,

You have a very poor mindset of what it takes to successfully build and sustain a Bitcoin investment. First, you should adjust this mindset of investing what you can afford to lose because such mindset will only make you afraid of even investing in Bitcoin because you cannot intentionally put your money where you will lose it. There was a reason it was recommended to invest only discretionary income because that is the money you can keep

For someone who has a rich mindset of bitcoin investment and yet you don’t know what the phrase “afford to lose” means. No one goes into investment expecting to lose, that’s not what I’m talking about or what the statement means; it only means your protecting your financial well-being and managing your risk. And I even added which is your discretionary fund. Dude didn’t you see that? Or you’re trying to support what you don’t understand eh?
How are you a Senior member when you don’t understand this simple phrase ?

Discretionary income is not the amount of money an individual can afford to lose. Discretionary income is your total income minus your expenses for basic needs.

Is like you are a bit confuse here buddy, you said that discretionary income is not a money you can afford to lose, if that's the case, then what is discretionary income?
Because in still your writing, you said that discretionary income is the money left after your basic needs have been taken care of, which is very true, in Bitcoin investment it is always advisable to invest with an amount you are willing to lose, and it's only your discretionary income you can afford to lose, that is why it's recommended when you want to invest in Bitcoin, so am surprised by your statement that discretionary income is not a money you can afford to lose.

[Muba20]

whether that means starting now and sorting things out along the way or wait to prepare better.

The idea of waiting to prepare better is good if only you have not sorted out your Discretionary income then you can wait to figure it out before you can proceed with your bitcoin investment but if your Discretionary income is been sort out i think there is no need waiting further as you can start buying bitcoin the earlier you started the better for you as waiting can come with several challenges of not starting when you had the chance or the opportunity to get kick off as you might get discouraged and end up making a postponment or keep on procastinating and never getting started as the more you keep waiting the more you keep missing out some good buying opportunity.

If you have a discretionary income, there is no obstacle to investing in Bitcoin with that money. It will not be easy for those who learn about Bitcoin and are encouraged to invest in it for the long term. Because they will not be able to maintain that investment. Discretionary income should be used in investing in Bitcoin. In this way, an investor can deposit Bitcoin for the long term. However, he must also keep at least 3 months of expenses as a reserve fund so that he can hold his Bitcoin despite any unexpected events. It will be easy for those who plan for the long term if they are well aware of these two issues.

[Tonimez]

whether that means starting now and sorting things out along the way or wait to prepare better.

The idea of waiting to prepare better is good if only you have not sorted out your Discretionary income then you can wait to figure it out before you can proceed with your bitcoin investment but if your Discretionary income is been sort out i think there is no need waiting further as you can start buying bitcoin the earlier you started the better for you as waiting can come with several challenges of not starting when you had the chance or the opportunity to get kick off as you might get discouraged and end up making a postponment or keep on procastinating and never getting started as the more you keep waiting the more you keep missing out some good buying opportunity.

If you have a discretionary income, there is no obstacle to investing in Bitcoin with that money. It will not be easy for those who learn about Bitcoin and are encouraged to invest in it for the long term. Because they will not be able to maintain that investment. Discretionary income should be used in investing in Bitcoin. In this way, an investor can deposit Bitcoin for the long term. However, he must also keep at least 3 months of expenses as a reserve fund so that he can hold his Bitcoin despite any unexpected events. It will be easy for those who plan for the long term if they are well aware of these two issues.

I think there's need to look into the concept of Discretionary income in bitcoin investment and how it relates to stable source of income. I don't think that someone who does not have a source of income can actually have a real discretionary income. Discretionary income is that fund in which the owner does not necessarily need at that period or over a period of time before his next income.

In the event of believing that discretionary income exists when someone does not have a stable source of income is somewhat deceitful. This is because what seems to be discretionary income today, maybe because of a given lump-sum that gets into the hands in a given person. In that case, I don't see it as a discretionary income because since there's no hope as to when next such a person would see such income or any money, he would definitely exhaust the entire money and if he had invested a part (supposed discretionary income) into bitcoin, he would have no other option than to sell off his bitcoin at the end to sustain himself.

I strongly recommend having access to stable source of income to which you can envisage your next income before you can refer to any part of the fund and discretionary income because you would always have a cushion after a period of time. So I think there should be a slight deviation of focus from discretionary income to Having a stable source of income first. This is the only possible means of investing and successfully holding for long since he would also have a source of emergency funds and back up funds saved simultaneously.

[Shadiq]

If you have a discretionary income, there is no obstacle to investing in Bitcoin with that money. It will not be easy for those who learn about Bitcoin and are encouraged to invest in it for the long term. Because they will not be able to maintain that investment. Discretionary income should be used in investing in Bitcoin. In this way, an investor can deposit Bitcoin for the long term. However, he must also keep at least 3 months of expenses as a reserve fund so that he can hold his Bitcoin despite any unexpected events. It will be easy for those who plan for the long term if they are well aware of these two issues.

The fund reserved for unexpected events may be an emergency fund. A reserve fund is not created for unexpected emergencies, but rather to purchase your essential items or bear major expenses. However, we must not spend much time behind the name of the fund and get busy building the necessary funds if you are already involved in investing. You may have enough of three funds to sustain your investment. Among them, the emergency fund may be mandatory. You should consider your financial situation in building the remaining two funds, the reserve fund and sufficient cash flow.

If you are not financially well-off and these funds are formed from discretionary income, then you can take your own decisions regarding these funds. However, along with the emergency fund, the reserve fund and cash flow will help your investment journey to be smoother and longer.

[Sonia_123]

To maintain investment consistency, I recommend a strategy that is very realistic for an investor to follow, such as if your discretionary income is 5% of your total income, then it can be considered very simple to allocate 4% of it to Bitcoin accumulation and the remaining 1% to an emergency fund. Therefore you can cycle for four years but even if it is not a decent holding for you, it will become a great habit to hold Bitcoin and will encourage you to cycle more.

I agree with you here, most people think they have to pour their entire discretionary funds into bitcoin investment, they forget that saving is a way to ensure that they don't get caught up in some kind of a financial crisis later in their investment journey, any smart investor should know to not invest with all their discretionary funds but to instead keep a certain percentage of it for a range of other purposes (emergency situation) this way they can relatively handle unexpected events that come up, sometimes our insurance aren't paid in time and we don't usually have the luxury of waiting for it, situations like this are remedied by our emergency or backup funds until insurance is cleared.
Investors need to understand that keeping some money aside from their discretionary funds is one way to safeguard their bitcoin investment.

Who will invest what percentage depends on the investor. If someone does not have an emergency fund, it is very important to create an emergency fund along with investing. If someone has an emergency fund, then he can invest the entire amount of his discretionary income if he wants. But he has to take care that the amount he is investing does not become necessary later. For example,

Because you are investing the entire amount of your discretionary income, but if you need some amount of money, you may have to sell your investment. So you have to take care of which one will be better for you.

That is why it is not safe to use all 100 percent of your discretionary fund, because you will have other expenses to fund before your next fund or income comes in or can you prevent unplanned consumption expenses from coming for the month.

From your discretionary funds, you will get your reserve fund and emergency fund and we all know that it is our emergency that is our last life line defense therefore Spending all once, puts your investment at risk, because in case of emergency high expenses that you cannot avoid for the week or you get relived of your job, or alternative business seems to be less productive, how will you cope, you will have nowhere to fall back on  than selling from your Bitcoin investment which will definitely affect you and your investment that is why you cannot spend the money meant for your personal expenses to buy Bitcoin .
 Therefore it is adviceable not to spend all your discretionary income once in other to have a successful Bitcoin investment journey to reach your accumulation stage of a long-term investment of 2-3 cycles or more.

[laijsica]

To maintain investment consistency, I recommend a strategy that is very realistic for an investor to follow, such as if your discretionary income is 5% of your total income, then it can be considered very simple to allocate 4% of it to Bitcoin accumulation and the remaining 1% to an emergency fund. Therefore you can cycle for four years but even if it is not a decent holding for you, it will become a great habit to hold Bitcoin and will encourage you to cycle more.

I agree with you here, most people think they have to pour their entire discretionary funds into bitcoin investment, they forget that saving is a way to ensure that they don't get caught up in some kind of a financial crisis later in their investment journey, any smart investor should know to not invest with all their discretionary funds but to instead keep a certain percentage of it for a range of other purposes (emergency situation) this way they can relatively handle unexpected events that come up, sometimes our insurance aren't paid in time and we don't usually have the luxury of waiting for it, situations like this are remedied by our emergency or backup funds until insurance is cleared.
Investors need to understand that keeping some money aside from their discretionary funds is one way to safeguard their bitcoin investment.

Yes, some people make the same mistake with emergency funds, they are not committed to keeping it or they are lazy. For those investors, this element of long-term bitcoin investing should be known so that they can correct their mistakes. I think the problem of not having an emergency fund/floating cash to continue for the long term affects the investment negatively to a greater extent. If you want to verify your experience by conducting some simple surveys, you can review the experiences and opinions of some investors and see where the main obstacle was in their long-term investment. Most of them will express their opinion about their negligence regarding emergency funds and they will mostly say that the main purpose of withdrawing the investment is to urgently need money. They were forced to stop their valuable investments midway due to the low amount of floating cash to deal with unexpected events. Sometimes insurance payments, emergency health checkups and services require additional cash funds.

If they can divide their income into separate parts and determine their own strategy, they will be able to perform properly in every aspect, including accumulation Bitcoin and meeting the daily needs of their family. In fact, long-term investment is not a matter of applying pressure, it is about applying the right strategy and keeping yourself mentally prepared just like doing duty properly.

[Proty]

I think there's need to look into the concept of Discretionary income in bitcoin investment and how it relates to stable source of income. I don't think that someone who does not have a source of income can actually have a real discretionary income. Discretionary income is that fund in which the owner does not necessarily need at that period or over a period of time before his next income.

In the event of believing that discretionary income exists when someone does not have a stable source of income is somewhat deceitful. This is because what seems to be discretionary income today, maybe because of a given lump-sum that gets into the hands in a given person. In that case, I don't see it as a discretionary income because since there's no hope as to when next such a person would see such income or any money, he would definitely exhaust the entire money and if he had invested a part (supposed discretionary income) into bitcoin, he would have no other option than to sell off his bitcoin at the end to sustain himself.

I strongly recommend having access to stable source of income to which you can envisage your next income before you can refer to any part of the fund and discretionary income because you would always have a cushion after a period of time.  to Having a stable source of income first. This is the only possible means of investing and successfully holding for long since he would also have a source of emergency funds and back up funds saved simultaneously.

The most important thing to consider before an investor will start accumulating bitcoin is whether they have discretionary income and not a stable source of income.once we have left over cash after sorting out our expenses then we in best position to invest in bitcoin. having a stable source of income doesn't necessarily mean that one  have discretionary income because our expenses differ. there are people who after sorting out there expenses are left with no extra cash that is discretionary income. Also not having a stable source of income doesn't mean that the person doesn't have a source of income , and investor can be working on stabilising his source of income and the same time while still accumulating bitcoin so long as the needed discretionary income is there for the investor to invest with.

[MainIbem]

... Edited out.

The most important thing to consider before an investor will start accumulating bitcoin is whether they have discretionary income and not a stable source of income.once we have left over cash after sorting out our expenses then we in best position to invest in bitcoin. having a stable source of income doesn't necessarily mean that one  have discretionary income because our expenses differ. there are people who after sorting out there expenses are left with no extra cash that is discretionary income. Also not having a stable source of income doesn't mean that the person doesn't have a source of income , and investor can be working on stabilising his source of income and the same time while still accumulating bitcoin so long as the needed discretionary income is there for the investor to invest with.

You both are making a good points but you don't seem to understand what he's saying, he's not writing off the discretionary income nor saying it's not important for Bitcoin investment, what he's trying to say is that a stable income is also important since it makes up the discretionary income and it makes lot of sense, the discretionary income is a simply a spare cash that can be used to tackle other bills after spending on your essentials so if there's no stable income where one could generate the discretionary funds from it could affect the person's portfolio cause they'll be forced to sale when their spare funds is finished and there's no means of generating another one, that's why they're both important (Stable income and discretionary funds) when it comes to Bitcoin investment.

[Catenaccio]

You both are making a good points but you don't seem to understand what he's saying, he's not writing off the discretionary income nor saying it's not important for Bitcoin investment, what he's trying to say is that a stable income is also important since it makes up the discretionary income and it makes lot of sense, the discretionary income is a simply a spare cash that can be used to tackle other bills after spending on your essentials so if there's no stable income where one could generate the discretionary funds from it could affect the person's portfolio cause they'll be forced to sale when their spare funds is finished and there's no means of generating another one, that's why they're both important (Stable income and discretionary funds) when it comes to Bitcoin investment.

I feel like in many latest pages of this thread, people simply joined to make posts only for their post quota in their signature campaigns and they did not actually care about what they discussed. I lt is like creating a mess of discussions for endless shitposts about stable income, steady income, and discretionare income.

I know it is good and important to pin importance of discretionary income with investors, but let it continuing page to page is like abusing for post quota, nothing more.

I wonder when this discussion on importance of discretionary ncome with investors will stop.

[As-Soon-As]

You are also correct JJG if a person fucks up and invest funds that is needed to settle his or her expenses that person is not longer investing, rather he or she is either gambling or trading. And that's not the right way to approach bitcoin, what a person needs to invest in bitcoin is his or her discretionary income and not funds that he or she needed to settle expenses.

You are right,when an investor starts using funds meant for his basic needs to purchase Bitcoin ,such behavior mirrors him as a gambler that's is gambling for quick profits. And due to the fluctuation of Bitcoin price and the uncertainty correlated with the market and in other to minimize the risk since Bitcoin investment is not risk free,it is absolutely necessary we only used our discretional income to purchase Bitcoin.  However I also think persons involved In using funds meant for their most basic needs to buy Bitcoin with a mindset of trying to get rich overnight is either he is trader or a gambler and such an approach is totally wrong especially since Bitcoin is not a get quick- rich scheme. We should also try to avoid purchasing Bitcoin outside our discretional income and it's also necessary we choose or settle to invest in Bitcoin for a long term plan while holding for at least in the next 4-10 years or more.

This is why Bitcoin should be held for 4 to 10 years or more, basically I say that the investor should hold it for as long as he wants to hold Bitcoin. Because it is most important for an ideal Bitcoin holder to hold it for at least 10 years or more. However, in the case of Bitcoin investment, benefits should never be talked about, only then the investor will think about the benefits of Bitcoin investment and may immediately decide to sell his Bitcoin investment.
That is why I say that it is better to allocate as much money as he can lose for Bitcoin investment, because whenever he carries more than the demand, he may face danger. However, if he is a Bitcoin investor, it is better to be an ideal Bitcoin investor.

[Derekfunds]

You are also correct JJG if a person fucks up and invest funds that is needed to settle his or her expenses that person is not longer investing, rather he or she is either gambling or trading. And that's not the right way to approach bitcoin, what a person needs to invest in bitcoin is his or her discretionary income and not funds that he or she needed to settle expenses.

You are right,when an investor starts using funds meant for his basic needs to purchase Bitcoin ,such behavior mirrors him as a gambler that's is gambling for quick profits. And due to the fluctuation of Bitcoin price and the uncertainty correlated with the market and in other to minimize the risk since Bitcoin investment is not risk free,it is absolutely necessary we only used our discretional income to purchase Bitcoin.  However I also think persons involved In using funds meant for their most basic needs to buy Bitcoin with a mindset of trying to get rich overnight is either he is trader or a gambler and such an approach is totally wrong especially since Bitcoin is not a get quick- rich scheme. We should also try to avoid purchasing Bitcoin outside our discretional income and it's also necessary we choose or settle to invest in Bitcoin for a long term plan while holding for at least in the next 4-10 years or more.

This is why Bitcoin should be held for 4 to 10 years or more, basically I say that the investor should hold it for as long as he wants to hold Bitcoin. Because it is most important for an ideal Bitcoin holder to hold it for at least 10 years or more. However, in the case of Bitcoin investment, benefits should never be talked about, only then the investor will think about the benefits of Bitcoin investment and may immediately decide to sell his Bitcoin investment.
That is why I say that it is better to allocate as much money as he can lose for Bitcoin investment, because whenever he carries more than the demand, he may face danger. However, if he is a Bitcoin investor, it is better to be an ideal Bitcoin investor.

Generally, the reason or the motive we invest in Bitcoin is for the purpose of making profit by having some fraction or number of Bitcoin in our portfolio and so talking about benefits is not totally wrong per say. There are people who can talk about Bitcoin benefits almost every day and yet they won't touch their investment because they know the reason why they started the journey ( long term) and yes sometimes one can just stay and imagine how much benefits he or she will get if they hold for a particular period of time. The people or folks that can immediately sell off there investment simply because of the benefit talk they had about Bitcoin is not an investor. Our mind and decision as an investor should be superior to what we see or talk about Bitcoin.

[Cointxz]

Generally, the reason or the motive we invest in Bitcoin is for the purpose of making profit by having some fraction or number of Bitcoin in our portfolio and so talking about benefits is not totally wrong per say. There are people who can talk about Bitcoin benefits almost every day and yet they won't touch their investment because they know the reason why they started the journey ( long term) and yes sometimes one can just stay and imagine how much benefits he or she will get if they hold for a particular period of time. The people or folks that can immediately sell off there investment simply because of the benefit talk they had about Bitcoin is not an investor. Our mind and decision as an investor should be superior to what we see or talk about Bitcoin.

These days I think this the realistic reason people will purchase Bitcoin. Bitcoin is a bulletproof investment long term that guaranteed profit if you will just a maxi holder.

The days of seeking privacy that’s why they invest on Bitcoin is already over since Bitcoin is already being regulated now on some countries.

Bitcoin is now perfect for long term investment rather than use on daily payments. So yeah, The majority is buying for profit on holding it.

[Jostern]

Investing into Bitcoin with a budget in mind wouldn’t be quite easy, Bitcoin is a very volatile assets so it wouldn’t be very easy to have an amount in mind to use in investing, that is why I think it’s more reasonable to accumulate gradually on a weekly or monthly basis depending on  when you’ve have a discretionary funds, and planning on budgeting will definitely make us not to accumulate much bitcoin considering the volatile nature of bitcoin , because there are times when Bitcoin would increase and times when Bitcoin would decrease, having budget in mind would probably make us not to exceed our budget, Waiting to get whatever amount of budget set aside before starting to invest would be a waste of time because you might not get that budget which you planned.

At this point, instead of using budget why not we replace the word with "target" because budget might actually mean we wont exceed that amount no matter what which may not be possible. Investors sometimes get overwhelmed after accumulating a large chunk, most of them just want to keep on accumulating and holding.

And honestly, the advantage of having a target in mind means you will reach that goal and can exceed it, if need for it arises, the point is you've reached the goal. Budget may keep us defined on the fixed amount we have in mind, and we know the drill "the more Bitcoin we have in our portfolio = the value of profit we will expect in the long run"

That makes an absolutely sense to me and your reference thick all boxes of someone whose true intentions is to accumulate Bitcoin and stack Bitcoin investment for a long term plans, "TARGET " Perhaps I have to decide now that I will accumulate Bitcoin for 10-20 years and now that is my target and I want to reach that target, now the question will be how do I execute this my target or my goal of accumulating Bitcoin for 10 years maximum, Assuming that I have a budget of a certain maximum amount that I want to accumulate damn that wouldn't be a wise decision to achieve my goal of investing and accumulating Bitcoin for 10 years maximum then my budget becomes a problem or hindrance to achieve my set goals or target. Well if I have a budget I might not be able to accumulate aggressive when I should. The word target or Goals are my favorite.

[avp2306]

Generally, the reason or the motive we invest in Bitcoin is for the purpose of making profit by having some fraction or number of Bitcoin in our portfolio and so talking about benefits is not totally wrong per say. There are people who can talk about Bitcoin benefits almost every day and yet they won't touch their investment because they know the reason why they started the journey ( long term) and yes sometimes one can just stay and imagine how much benefits he or she will get if they hold for a particular period of time. The people or folks that can immediately sell off there investment simply because of the benefit talk they had about Bitcoin is not an investor. Our mind and decision as an investor should be superior to what we see or talk about Bitcoin.

These days I think this the realistic reason people will purchase Bitcoin. Bitcoin is a bulletproof investment long term that guaranteed profit if you will just a maxi holder.

The days of seeking privacy that’s why they invest on Bitcoin is already over since Bitcoin is already being regulated now on some countries.

Bitcoin is now perfect for long term investment rather than use on daily payments. So yeah, The majority is buying for profit on holding it.

It really sound like Bitcoin is ponzi if people point out that it will give guaranteed profit unto them.

Maybe that statement would create wrong impression to people and think about other unrealistic thing towards dealing with this coin.

That's why I really think that future is uncertain together with the profits we can possibly take. The chances to earn from Bitcoin will depend the way how we deal with this coin. But so far the future is promising that's why if they can afford to take a risk and bet their future on Bitcoin they better start to accumulate now and focus to gain lots of volume until they reach on their threshold or target years which advisable span 4 - 10 years.