Quote from: JayJuanGee on August 24, 2023, 10:54:19 PM

Ok. when I started to type this, I was thinking that it was going to be easy, but I can see how there might be some difficulties to figure out the numbers because there are several calculations, and many times we might end up getting ballpark calculations of these numbers, but if we overly budget how much we put into BTC (and surely if we get distracted into shitcoins) then we might not have enough money to cover everything and we may well end up screwing up our budget because we failed to adequately plan for emergency expenses and we were attempting to be too aggressive with the amounts that we were putting into BTC.

I'm happy that the website I shared will be of use to you. And really, the website you was using has only options to select only years in accumulation tab.

Calculations really were difficult but basically you were trying to explain three stages which you explained before first is buying at dips, doing DCA and lump sum. And based on different factors like what are the goals of one person to achieve with his investments and how much he is trying to hold and how much savings he has at the start. Such factors will drive him to select any of the two options (DCA or Lump Sum) and in you example he had $6k out of which he lump sum $2k and DCA $2k and saved $2k for dip. Thanks for all the explanations.

One more thing which I have learnt from your explanations is "Emergency Funds" are necessary like aggressive investing in BTC will definitely end up investor in bad situations. So, I will also keep the Emergency fund allocation in mind. Thanks a lot for all the details dear.

Quote from: JayJuanGee on August 24, 2023, 10:54:19 PM

Well, don't be blaming me either when you end up losing all of your money. Tongue

ha-ha, No No, I will not blame anyone because I am/will be the one who is responsible for my own acts. As I am a conscious adult, and I do know (to some extent) what might be good and what might be not. And One of my cousins used to say: "Only Listen to what other says never act upon their words instead use your own mind to make decisions." And I am using that formula in my life from very long ago.

Quote from: JayJuanGee on August 24, 2023, 10:54:19 PM

I was 63% bitcoin.. so it shows going from 0% bitcoin to higher amounts and a lot of that is mostly just changes in the prices of the assets, and bitcoin has grown better than my other investments which have largely had very modest growths and I did not really change those other investments very much.

Got the point dear, as you said, you do no need to do rebalancing because your portfolio is increasing (means you do not intend to keep your portfolio constant instead you just doing DCA and increasing it).

Quote from: JayJuanGee on August 24, 2023, 10:54:19 PM

I suppose that they are each categories of maintenance but some differing kinds of ways to deal with it in terms of how I was engaging in the maintenance.. which also has to do with living life.. and figuring out where to get money from.. and to largely let the bitcoin continue to mostly ride.

Got it.

Quote from: JayJuanGee on August 24, 2023, 10:54:19 PM

I came to BTC because I was already looking for something to supplement the stuff that I already had, and one of the things was that I had a 401k and I wanted to try to invest into something that within about 10 or 15 years might be able to be of equal size as the 401k that I already had..and at the same time a kind of hedge against the dollar a kind of gold.. and so that brought me to bitcoin and instead of taking 10-15 years to match my 401k, it took only a few years to do that.. probably by mid-2017-ish

I am happy you achieved your targets but after reading your reply I began to think You must be one of the top 1 richest people in the world as you have such an entrepreneur mindset, and you must have gained a lot from BTC and other diversified portfolios. One of my friends have that investing mindset, He always says do not rely on one investment or one source of income, instead we should expand our income sources. And I was like Ok, to be honest I even motivated by him to some extent. But after seeing how much you must have gain even not knowing your age, not knowing your agendas etc. etc. I am really inspired by the way you think to enhance money. And you must have a lot of patience too because many just wanted to become rich overnight.

Quote from: JayJuanGee on August 24, 2023, 10:54:19 PM

I find that what I wrote is not very clear when I read back through it.

Then you should really read them back as I will be very honest with you here, that you use a lot of words to explain things while you know could be done in lesser, but I can understand the optimism and love you have for others to learn. I pray you will grow more with that mindset.

PS: I did not read the Thread you provided till now, but I have bookmarked it and will go through it. Thanks for that too.