Quote from: Dickiy on September 25, 2023, 05:54:28 PM

Quote from: Salahmu on September 24, 2023, 03:01:43 PM

Quote from: JayJuanGee on September 23, 2023, 03:20:04 PM

Of course, we have individual discretion in terms of how much we might need to set aside for our BTC purchases, and even putting aside $10 week could cause people to suffer in a variety of ways, and some things might be easier to suffer through than others.

Yeah of course we have individual choices to decide on how much they are willing to set out for Bitcoin accumulation because is wise for people to invest based on there capital size which is one of the things to be consider, when we talk about investing $10 $20 weekly, it depends on what an individuals salary is because there are some persons investing $5 on a weekly basis can easily affect them at that point based on there salary intake, but perhaps in a case like that the person could program himself in a way that after all there expenditures and if they are still left with some funds and could take them throughout the coming month perhaps since the funds remaining on the reserve account is still enough they can strategize by channeling the next salary in accumulation were as they have a reserve funds that can sustain them to another month, using that method it could actually help someone that earn less salary to be able to accumulate some Bitcoin.

Well and that choice is up to each individual, because only they know about how much money they should allocate to investing, and of course that will still make them okay. Honestly, I hope you won't decide to go overboard with your investments, for example by allocating 50% of your salary. I understand maybe you are very excited to get bigger results, but believe me this is not a good way, but I say this if indeed your finances are not very good then you are desperate to allocate half of your salary for bitcoin, because before starting we must understand that there is also a huge risk there. So we really need to think about making the right decisions, allocating money that you have full responsibility for if it is lost due to fluctuations that occur which are certainly beyond your ability.

Right, the point is always to use your best way of dividing finances from your monthly salary income, if indeed you have unused leftovers then you can allocate them to bitcoin, but still don't let any pressure you feel, the point is not to feel forced and also certainly don't bring greed in terms of investment, the key is how to keep your life going but also by allocating a little of your money to bitcoin, and the key is that I hope you can continue to be consistent.

You seem to be making a decent point, @Dickiy. There's nothing wrong with being aggressive an/or being overly aggressive as long as you have your expenses covered .. which means that you know that you have your cashflow in order for 3-6 months and an adequate emergency fund that could be for extra kinds of expenses that could come up and are not expected that might include drying up of cashflow and/or increases in expenses for a period fo time that could last 3-6 months or longer..

No bitcoin investor should be putting himself/herself into a position in which s/he could end up losing some of his/her coins at a time that is not chosen.. .so it can take a while to build a bitcoin stash and if you over-do it then you end up losing some of your coins and perhaps being in a worse position because you were trying to be more aggressive than you needed to be and if you had just stacked a wee bit less, then you would not have had ended up losing any coins.

I know that some of the members here like to use the word consistently, and I am not sure if I really like that word, because you can be persistent and continuously making sure that you are investing on an ongoing and regular basis (such as weekly) but there might be some weeks that you are able to invest $100 into BTC and other weeks that you are only able to invest $5, and the part that you were consistent about has to do with your ongoingly monitoring the amount that you are investing so that you are able to be as aggressive that you are able to be in accordance with your budget and your specific situation, but you may or may not end up choosing and/or following any kind of mandate regarding amount that you might end up doing...

And, sure maybe we are saying the same thing but just using different words and differing emphases.