Quote from: wmaurik on Today at 07:48:23 AM

Quote from: JayJuanGee on Today at 05:03:24 AM

I have a somewhat standardize talking point about this topic of how each of us should attempt to tailorize their investment into bitcoin, in terms of studying themselves, and individual considerations include but are not limited to cashflow, other investments, view of bitcoin as compared with other investments, timeline, risk tolerance, time, skills and abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time to consider trading, reallocating, use of leverage and/or financial instruments.

This is true, that's why I research more often then tolerate risk and change strategies a bit from time to time when trading in the market with Bitcoin. Because when Bitcoin starts to correct and fall, I am always more convinced that Bitcoin will rise again so that makes me have to reorganize my strategy and research more news from time to time.

In terms of tweaking your BTC investment strategy, you should not have to be tweaking on an ongoing basis. For example, you establish an initial investing approach that might involve DCA, buying on dip and lump sum investing. So if you are in the early stages of BTC accumulation, maybe you establish a 6 month budget that would involve figuring out some apportion of your budget, and if your budget is to invest $9k over 6 months for example, then maybe you would lump sum buy with $3k right away, and then you would allocate $3k for DCA ($115 per week for 26 weeks) and $3k for buying on dips (and set your quantity of BTC to buy at each dip price point.

Then perhaps when the end of the 6 months comes, you would reassess your strategy at that time and decide what you are going to do for the next 6 months.

In other words, you should not have to reassess based on the BTC price going up or down because your initial BTC investing plan should already account for the possibilities of up or down.. mostly.

Quote from: wmaurik on Today at 07:48:23 AM

Quote from: JayJuanGee on Today at 05:03:24 AM

It can take a long time to figure out each of these, but you do not have to figure them all out before getting started investing in bitcoin.. and accordingly any person could start by investing small (or investing something that they believe is reasonable and prudent - and continue to study their own circumstances, and perhaps tweak their investing strategy from time to time along the way.

Yes, it is very clear because without investing in something that makes sense like in the Bitcoin example, there will be no increase in income in life except for passive income earned through daily work.

The idea of passive income is the kind of income that is earned without working, but instead you earn it by investing and then earning interest, or maybe having an investment of $1 million and then withdrawing from the investment at about 4% per year - which would be considered a kind of passive income of $40k per year or $3,333 per month. Work is not considered passive income, but instead active income presuming that you have to engage in some kind of action in order to get paid.

Quote from: wmaurik on Today at 07:48:23 AM

That's why I'm making two very reasonable investments right now (Bitcoin and Gold).

You can invest in whatever you like.. but I would say fuck gold.

Bitcoin largely serves the same purpose as gold, and it is likely 20,000x underpriced as compared with gold. In other words, bitcoin is about 1,000x gold's value, but currently bitcoin is priced about 1/20 of gold's market cap.... so even if it could take 150 years or longer for bitcoin to reach its fair market value relative to gold, any of us should be able to recognize and appreciate that it is way better to invest in bitcoin as compared with gold.. so you may well want to consider either dropping gold completely or at least considerably reduce how much you invest into it and mostly concentrate on bitcoin. Maybe 1/20th invested into gold as compared with bitcoin at most (that would be 5% in gold as compared with bitcoin.. at most)..