Quote from: aysg76 on Today at 09:02:34 AM

Quote from: JayJuanGee on October 31, 2021, 05:16:30 PM

I understand that not even OP has gotten his investment into bitcoin to $100 per week, but he is coming very close to that, and I am not even going to poo poo smaller levels of investing into BTC because each of us can ONLY reasonably invest as much as we are able to spare..

Yes you are right i am getting close to $100 and this month's investment will have that week probably and to save $100/week into bitcoin to accumulate some more and if the current scene (99%) continues there will be more and more bitcoin investments made by me as now my portfolio only consist of them not any altcoins.Keep enjoying.

At this point, I consider $100 per week to be a reasonably aggressive level, but I understand that not everyone can reach that level.

In real life, I meet quite a few people.. mostly relatives, but surely some other people who find out about my investment and involvement in bitcoin, and almost every time that someone says something about the possibility of investing in bitcoin, they seem to get worried about bitcoin already having had some pretty decent price run up, and with almost everyone I tell them the same thing.. to get the fuck started, and hardly anyone actually follows through with doing something - even people who have been following my bitcoin journey for several years, and I had been telling them the same thing.

So, yeah, I used to recommend $10 per week, and now I am into recommending $100 per week. I do have one success case recently in real life of someone who is doing around $50 per week, and she is in her early 60s, so she does not have a whole hell of a lot of working time left, but I tell her that she should be able to get her shit together to be able to afford to invest more aggressively. She does have property and some other investments like a 401k.. and presumably some kind of pension.. I don't really know her exact details, but I think that she already uses a lot of debt in various aspects of her life with whatever she is trying to achieve in the remainder of her working life.. so yeah, it becomes a bit more difficult to suggest to someone what to do if their investment timeline is short.. so in some sense even if I say you should invest $100 per week (to her) and she ONLY does $50.. well, she has to live with her choice, and surely her choice is much better than nothing.. which tends to be the outcome of the vast majority of people with whom I discuss the bitcoin investment matter in real life.... even if they are likely fairly easily afford up to $100 per week - especially if they have some kind of income already coming in or they are already having an established life in several regards.

Younger peeps and newbies who have a decently longer timeline that is at least 10 years, might start out with $10 per week, just to get started, but to realize that $10 per week is not very aggressive to make much of any kind of meaningful difference, and they should be striving to move up to $100 per week as soon as they can get sufficiently comfortable to attempt to manage that level of ongoing injection of value into bitcoin.... and no matter what is the amount, they keep investing and see in 4-10 years how their investment is playing out and sure maybe along the way they can study the matter, reassess how much they are putting into bitcoin and reconsider other aspects of their investment and their lifestyle whether that is there expenses or their income and if they come to various reassessments along the way, they can also reconsider how that affects the amounts that they regularly put into bitcoin in a DCA kind of way and if they can supplement with other strategies like lump sum investing or buying extra on dips.