Quote from: Ryu_Ar1 on March 04, 2023, 10:17:54 PM

Quote from: JayJuanGee on March 02, 2023, 09:14:40 PM

Quote from: Ryu_Ar1 on March 02, 2023, 08:53:27 PM

Snip-

It took me about a year (from late 2013 to late 2014) to establish my initial bitcoin position, and I had already been investing and building my investment portfolio for more than 20 years by the time I started to add bitcoin into my investment portfolio. And, by the end of 2014, I thought that I largely had enough BTC, but I could not resist to continue to buy BTC for the next couple of years.. and sure my accumulation strategy and approach was a bit less aggressive/assertive in those next 2 years of 2015 and 2016, but still I spent time getting to a place (or continuing to try to get myself to a place in which I was more comfortable in terms of my bitcoin stash).. So perhaps there is always a kind of ongoing persistent and pestering element that we cannot really feel comfortable until our holdings are in profits.. and of course, the more that we end up being in profits, then the more options we start to feel that we have, so in that sense, we gain a lot of comfort and confidence merely by being in profits..

Another thing is that it seems to me, that if I had not started out with already having a long time (of more than 20 years) building my various investments, it probably would have taken me quite a bit of time to build my BTC holdings. I cannot have confidence in terms of what kind of approach that I would have taken if I had been 20 years younger and just approaching investing in 2013.. so there is a bit of speculation there.. because of course, I had not known about bitcoin when I was first building my investment portfolio.

Another thing seems to be that bitcoin may well cut our times down in which we might have to invest in order to be able to achieve and appreciate large profits, but it likely still does not mean that we are going to be able to get rich in a few years.. rather than the normal 30 to 40 years that it would usually take and some folks do not even have high levels of success in their investments, even if they spend 30-40 years building their investment portfolios.

This is a fairly long-term experience and plan that I have not even thought about in that direction. and this can also be one of my other thoughts because it can be said that at this time I am still not exactly remembering my previous plans and seeing from the exposure of your experience and plans it is clear that I am still very far thinking ahead because I am still profit-oriented in this case.
Even so I will still rethink what I will do after this because it does give me other thoughts that are different from my original plan.

Quote from: JayJuanGee on March 02, 2023, 09:14:40 PM

It seems to me that when you are building your investment portfolio, it is good to just keep chipping away at it.. because it could take a very long time before your investment portfolio starts to seem like it is a meaningful amount, and yeah, of course, sometimes we are going to have doubts along the way that could cause us to stop or to lessen the amount of our investment, and sometimes those doubts will cause some of us to withdraw portions from the investment (including profits), which may well not be good idea for the real exponential nature that seems to come from compounding effects.

This definitely slapped me Cheesy

because even though I don't want to admit this, I still think about things like what you said.
Even though I don't always think about doubts, there is still one condition where I always think about and start to experience doubts that make me a little shaky even though I still survive until now.

Quote from: JayJuanGee on March 02, 2023, 09:14:40 PM

So similar kinds of mistakes can be made by selling too much too soon or to the contrary failure/refusal to sufficiently and adequately buy BTC on a regular basis in order to prepare for UP.. and sometimes the amount that we might buy BTC on a regular basis, might not even make that much of a difference to our regular life.. so whether that is $100 per week or $10 per week or some other amount that might be suitable to our situation and budget.

What I can take in this case is to stay in a condition where we are still consistently maintaining and making our minds calm. which indeed in this case I did not do before because indeed my previous implication clearly lies in real sales and buying without thinking about conditions but on the other hand the concept is a little different from consistency.

This is another consideration that makes me have to start rethinking the system that I have in organizing and building my portfolio.

Well, personally, I think that it is better to use some kind of an Excel spreadsheet to both show your historical building of your investment portfolio, and presumptively you have ONLY added bitcoin to it recently, and perhaps you did not have much of an investment portfolio prior to bitcoin. I cannot remember your situation except maybe that you were asserting that you had real humble and modest amounts that you would be able to save on a regular basis.

If you think about it, there are better case scenarios in terms of how much you are able to save and also better case scenarios in terms of how your investments (BTC and perhaps other things) will perform... So you can project out worse case scenarios, medium (or more likely scenarios) and best case scenarios, and maybe the first few times that you project out all of your ideas it will be difficult and it will not make sense, but you can come back to it from time to time, and save your older versions and create new files that might branch into one direction or another while at the same time, even though you might look at both best case scenarios and worse case scenarios, you probably should be attempting to put most of your time into what you consider to be the more likely scenarios that you can also tweak from time to time because sometimes you might come across either facts or even ideas that cause your base case scenarios to be in need of corrections to make them more realistic in terms of actual facts rather than fantasies or wrong ideas.

I probably stated that when I was younger.. like when I just left home, I almost always made it a goal to save at least 10% of my income, and surely I had times in which my income was really low so 10% did not end up being very much, and then I had years that I was in college, so I had a lot of expenses, and it was a lot more difficult to save money... but anyhow, back then I did not have bitcoin, but later in life I got some better paid jobs that caused me to have an income that was way higher than what I was used to, so I was able to save way higher amounts (and kind of make up for the years that I had not been able to save as much).. In some ways I got lucky, but still I understand the idea that it is not unusual that it could take you 5-10 years or longer just to save up as much as your annual salary, and you figure that you would have to save 20% of your income to be able to get there in 5 years and 10% of your income if you were to get there in 10 years... so even if you are able to save 100% or 200% or more of your income, I doubt that your retirement plan would be to just spend the whole thing, but instead try to get to amounts in which the principle ends up being somewhere in the category of 25x the amount that you need to live on each year in order that you would merely be living off of the interest (so that is getting your principle to be 25x your annual income amount).. which is living off of something like 4% per year. Those are basic ideas about getting to a point in which you are able to live off of your investment as a kind of passive income without depleting the principle.

If you were to ONLY rely upon your saving your money and not really earning anything off of it, then likely the cost of living will continue to eat away (and deplete) your abilities to live off of interest on the amount that you are able to build up in your investment portfolio, so in some sense, the better performance of any of your investments in your portfolio, the the more likely that you would be able to reach your abilities to get to fuck you status.. which would be in the ballpark of around 25x the amount that you need to live annually. and many of us bitcoiners believe that bitcoin gives way better chances of being able to reach those kinds of numbers than various traditional investments.. None of this is easy, the obstacles are high, and part of the reason that some people resort to shitcoins or gambling and various kinds of strategies like that is because they consider that they are not able to reach the kinds of numbers that they feel that they need to reach if they were to merely invest in bitcoin or in some other more traditional asset classes.. but personally, it seems to me that both the upside and the downside risk needs to be taken into account, and it seems to me that bitcoin continues to be one of the best asymmetric bets to the upside when accounting for all of the variables.. and at the same time, i tis true that each person has to come to their own decision-point in terms of if they believe bitcoin is a good asset in their investment portfolio and if so, then how aggressive should they be in regards to bitcoin accumulation and/or maintenance in order to hopefully get to fuck you status at some point more quickly (or even more possible) than they might be able to do with traditional investment options.