Quote from: naira on Today at 02:54:55 PM

Quote from: JayJuanGee on August 21, 2023, 06:22:15 PM

When you invest into bitcoin, at minimum you should be attempting to consider:
1) cashflow,

This will be very interesting, Cash Flow is the most important thing that is rightly mentioned to measure our consistency in accumulating Bitcoin based on a certain time span and you could say this point supports DCA to run well. Personally, I still can't be consistent because as a manager I have to be able to prioritize the needs of my beloved child above my own interests. Haha

Of course, I could have attempted to flesh this out a bit more, because we may well have various incoming cash that may or may not vary, and we have various monthly expenses and some can be deferred and so we can also project these out for 6 months and or even for a couple of years.. and of course, the upcoming 1-3 months are going to be more important than the further out months with an ability to be more loosey goosey with the numbers the further out the timeline, but if you were too loosey goosey with your numbers and you overly estimated (rather than being conservative 6-24 months out), you may well end up finding when some of those loose numbers have to be tightened up that you are running into cashflow problems because you had projected out in ways that ended up contributed to causing your own crunches late down the road.

Quote from: naira on Today at 02:54:55 PM

Quote from: JayJuanGee on August 21, 2023, 06:22:15 PM

2) how much bitcoin you have already accumulated,

The second point, definitely the target, or usually one of us prefers the more Bitcoin held the better. But there's no denying that there are people out there who have some kind of predetermined peak target for example Hodl 1 Bitcoin is enough. For me personally, it is still before I can determine the maximum target of ownership.

Even though you might frame these goals in terms of an actual bitcoin number that you might be aiming for based on how many you already have, your whole approach may end up changing based on how many BTC that you are actually holding and whether you are near or far from your BTC accumulation goal.. and maybe even someone who currently has accumulated 1 BTC over the past 4 years .. may well have a plan to try to get up to 2-3 BTC within the next 5-10 years, whether or not that is realistic.. but at least such person is trying to account for where s/he is at and where s/he is wanting to attempt to get to.

Quote from: naira on Today at 02:54:55 PM

Quote from: JayJuanGee on August 21, 2023, 06:22:15 PM

3) other investments (including cash reserves),

The third point, other investments may for now only focus on buying a few meters of strategic land based on long-term prospects, the funds will have potential if it is located on the side of the road.

Some other investments are more liquid than others, and there can be current value estimations that likely will need to consider how liquid they might be, and then like you suggested, other investments may or may not go up in value... and for someone new to bitcoin, they might consider how much they want to allocate into bitcoin based on their other investments, so if someone might have had been building an investment portfolio for more than 8 years (let's use your forum registration date, naira), then maybe that person might have gotten up to $100k size of all of his her investments.. and maybe those investments might be giving lower value to assets that are less liquid within the investment portfolio, so that person might aim to have anywhere between 1% and 25% into bitcoin. .. which shows that having $25k into bitcoin (right around 1 bitcoin) might be on the relatively aggressive end of the scale for such an investor, but sometimes even with a historical investment timeline of 8 years, sometimes it could take a while to reach high levels of investment or even any kind of need to diversify into other assets, so in your case if you mentioned that you own some property, and then maybe you have cash and bitcoin, so maybe your bitcoin investment might be a much higher than 25% allocation, and that might be o.k. too.. so if you might have some difficulties in terms of being able to in vest more than 10% of your income into bitcoin (or any other investments), if you are going at 10% of your income going into bitcoin, it still might take you 10 years to invest up to the equivalent of your yearly salary, and surely then you hope that whatever you had chosen to invest into is appreciating at a great enough rate in order to give you more than 1 years salary in your investment portfolio by the time you get to 10 years of building such investment portfolio.

Quote from: naira on Today at 02:54:55 PM

The rest of the points let someone break it down for all of us to liven up the discussion.

Fair enough.