Quote from: ginsan on April 03, 2023, 09:44:24 AM

Quote from: JayJuanGee on March 31, 2023, 01:57:19 AM

I would also not get very worked up about "making big profits" but instead preparing the feel more comforts the more that the bitcoin that you have accumulated are in profits, and surely there are strategies to continue to invest into bitcoin for 4-10 years or longer and to really be able to be advantaged by both bitcoin being in profits, but also the likely compounding effects of being in bitcoin for several cycles, and of course there are no guarantees, and there are also some ways that any of us should be able to strategize and to employ our bitcoin accumulation and maintenance strategies in order to make sure we are able to profit from our involvement in bitcoin without getting too worked up about trying to trade bitcoin or to fuck around with those kinds of risky tactics.... while at the same time, each person has to figure out the path and strategy that is most comfortable in regards to his/her own personal financial and psychological circumstances.

in implementing a buying strategy i adjust the passive income to a ability level that i can be sure will not be touched over a long period of time in making an investment, there is no compulsion to increase the buying percentage i mean if i regularly invest $15 in bitcoin i keep doing it with capital of $15 every week because it will not burden me in financial problems. it's a fairly small number, but if I succeed in 10 years it will be quite a fantastic savings that I have made.

I think if $15 per week is invested in bitcoin then we are not worried about every correction that occurs even when the price goes up 15% we don't see the profit coming to us because the capital we invest is quite small but the understanding here we will continue to buy in the long term long until in the end we will have 1 btc.

I don't really disagree with anything that you are saying ginsan.. especially that each of us needs to attempt to find a budget that will work for us, and that is sufficiently aggressive, while at the same time NOT being overly aggressive as to cause us to make bad choices.

You can imagine that someone who might have an income of $100 per week, and they are able to buy $15 per week in bitcoin, so that is 15% of their income, so in about 6.66 years, they will have saved up the equivalent of their yearly income. It can be very tempting for a lot of folks to withdraw some of their investment or to make some risky moves because they might feel relatively rich, as compared with people in their circles, because most people are not able to save money. and to build an investment portfolio.. now if your investment ends up going up in value, then it may well take less time to get to 1 years salary saved up/invested, and of course there are no guarantees, but many of us likely can appreciate how some aspects of will power and focus and even abilities to make moderately reasonable and prudent decisions when we might be tempted to remove value within our investment portfolio before it has been allowed to compound upon itself.. . and so in some sense there are needs to regularly reinforce your plans and the reasons why you are following the plans that you are following, including sometimes tweaking your plan in order to make up for various weaknesses that you might have, mistakes that you might make along the way.. and to be careful NOT to overdo the tweaks but to make sure that you are able to accept whatever tweaks that you make or whatever choices that you might make to stay on the same path.. and I am also referring to changes that might happen in your life including your income could change and you also could be tempted to invest in other things and/or to consume, and some of the choices could be reasonably made, and other times there could be mistakes.