Quote from: Fauderz on October 30, 2023, 11:22:34 PM

Quote from: Samlucky O on October 30, 2023, 08:20:29 PM

Although it sound interesting but hard to achieve that amount of %30 on regular basis expecialy on DCA strategy. Considering the responsibilities in the family. for example a country like mine, if you continue like this you will put yourself in financial jopady. For me I think %20 will be good to go. but if one can develop and nuture that characteristics, I think it will go a long way if there are other means of lively hood.

It all depends on yourself and I don't think it's necessary to feel that your country alone has problems in the economy because for now almost all countries feel the same way but that's not the point, I think the point that needs to be emphasized in the current conditions is how you manage your money because in the end the current benchmark is not to the country but to yourself who must survive with all the circumstances that occur.
As long as you believe and want to invest in bitcoin then you definitely know what you will do. 30 percent of income if it feels too big then you can reduce it to 20% or 10% according to your own strength.
Many here are married but in the end they can still do DCA consistently. This indicates that belief can make us think more broadly and not only fixated on economic conditions because in the end when good management is done and you know how much income and expense from your income actually it can be a gap to make some changes if you want to invest and it depends on yourself whether you want or not to invest.

There are a variety of factors that could end up causing a person's cashflow versus expenses to become more complicated and either to fluctuate a lot or to have a lot of burdens, and family is one of the common ones, owning a business could be another in which the inflow and outflow of income and expenses vary a lot, another could be someone who has seasonal work or even some kinds of difficulties securing employment (or the kind of employment is somewhat erratic), surely students could also be in a position in which they have higher expectations of future income but not very good current income, and for sure poor people might not even have much if any discretionary income, so investing into bitcoin could be complicated if they believe that they are not able to increase their income and could either have handicaps or geographical issues, but then sometimes increasing skills may or may not help if there are jurisdictional issues.

Each person should try to work with they got. and surely some of us might consider that there might be ways to improve your income, but you might well not be able to increase income right away without learning some employable skills and be physically capable of carrying out such skills or be able to get placed into such positions in which your income might go up... Percentage does not exactly tell us a lot about what might be reasonable for a person -

....but it still can be a framework that could help in the setting of goals and/or targets that might be somewhat grounded with ways of figuring out what some of the tradeoffs might be and some of the advantages that might come from being able to create a sustainable higher percentage level of investment, then it becomes more likely that a person might be able to reach some measurable goals of wanting to get to 1 years income in 3 years (with 33% investment) or to achieve 1 years income in 10 years with 10% investment, but then there are also going to be some things to account in terms of whether your income will be something that you consider as a fair target, because some folks figure that they want to increase their own status, so maybe they would like to have 3x to 5x higher consumption levels, so then they would need to account for the costs of increasing their investment size to such a status that they are able to attempt to be realistic in what they are trying to achieve, how long it might take to get their and trying NOT to engage in unnecessary risks merely because you feel that you are in a rush.. because that just ends up leading to gambling, even if it might be reasonable that any person may want to increase his/her standard of living, such person still needs to be reasonable in how to achieve it in such way that is not necessarily putting too much of his/her principle at risk during the process (a principle that is continuing to grow, hopefully)..

Quote from: Dr.Bitcoin_Strange on Today at 01:28:57 AM

Quote from: Samlucky O on October 30, 2023, 08:20:29 PM

Quote from: JayJuanGee on October 30, 2023, 12:48:22 AM

Most people have trouble saving any income and frequently, 10% of their income can be a reasonable and even a somewhat aggressive target for a lot of people (even though surely some people have more discretionary income than others and if they make a lot of money, sometimes they can live a kind of minimalist lifestyle and end up getting up to decently high savings/investing levels). Many of the normies can make quite a bit of progress just by going from near or at 0% to 10%, and surely if they can invest/save more than 10%, then the is o.k. as long as their other financial matters are in order.

Although it sound interesting but hard to achieve that amount of %30 on regular basis expecialy on DCA strategy. Considering the responsibilities in the family. for example a country like mine, if you continue like this you will put yourself in financial jopady. For me I think %20 will be good to go. but if one can develop and nuture that characteristics, I think it will go a long way if there are other means of lively hood.

If you read what JJG has said, then it's not compelling you to invest 30% or even 20%. Depending on how big some people's salaries can be, even 10% of their salary is a reasonable sum of money that they can either save to invest or invest directly. In Bitcoin, one can invest any amount, even if it's $1.

That is exactly correct.. in that bitcoin such an asymmetric bet (to the upside), so there should be no reason that any of us should be killing ourselves to stretch the amount that we invest into BTC beyond an amount that would be reasonable for our circumstances, because we are surely going to be worse off if we end up fucking up our investment because we over did it and we should have had attempted to be more modest and staying within our means.. and surely some folks are in better positions to take greater risks, but they still have to be careful about both going overboard or developing a false sense of security based on their having had had historical success with their system, if their system is overdoing it, then it could just be a matter of time that they end up getting themselves into a bad situation if they are not sufficiently and adequately protecting themselves.

Quote from: Dr.Bitcoin_Strange on Today at 01:28:57 AM

Currently, the Bitcoin transaction fee is as low as $0.2, so even if you see someone that you can buy Bitcoin directly from them via p2p, let's say you buy $2 worth of Bitcoin and you cover the fee for yourself, you will get $1.8 in Bitcoin. If you are accumulating like that on a daily basis, before you know it, you can even attain up to $12 in a week ($24 in two weeks and $48 in one month). So, do it in a way that doesn't affect you; just get a simple strategy that will not put you under pressure.

I personally don't like the idea of transferring bitcoin so frequently, so surely the fees are going to vary depending on how they are gotten, and it may be the case that you can leave up to a certain amount of value, even $500 or so before transferring the value. Of course sometimes in the beginning, you may well want to make sure that you are holding some of your own value i your own wallet, and so part of the BIGGER dilemma could be for the newer person, and so if there might be a person who is ONLY able to invest $10 to $30 per week, then that still would add up to something like $520 to $1,560 after a year of investing, and surely there could be some kind of intermediary stage in which the person would want to transfer the value, and surely after 3-4 years investing the amounts could end up being $1,560 to $6,240, and so once a person starts to reach those higher levels of holding BTC in private wallets, then there may well be less urgency to feeling needs to be transferring all of the time but rather maybe every $500 to $1k more accumulated, then the amount gets transfered, and some custodians have a longer track record (with fewer issues) than others, so each person has to figure out how to make these judgements including figuring out if there might be better ways (sources) to acquire bitcoin.

Quote from: Dr.Bitcoin_Strange on Today at 01:28:57 AM

Ok, let me give an example of some experiences I had some days ago. There's this banking app I use, and with the bank, I have two accounts that are longed in on my phone. I am operating the two accounts at once for business and personal use. On that app, there's a savings plan named "Save as You ear/spend." When I noticed it, I decided to activate it on the two accounts. On the first account, I activated it to save $0.1 on every transaction carried out on that account; on the second account, I activated it to save $0.05 on every transaction carried out on that account. I did this some months ago, and then I even forgot I did set up something like that; it was just some days ago. I was thinking of how I could get some money to solve a pressing need, so I remembered I had a mini savings plan I initiated some months ago, so I tracked it and discovered I had about $168.1 in that account. Within that interval of months, I have done more than 1,000 transactions on those two accounts, and I don't quite notice or get affected by the small fraction that keeps entering my savings every time I spend. 'Cut story short, that money saved that day. This is not a fabricated story; it is what I experienced.

We also know that there is risk to be holding very much of our value in those kinds of accounts that are luring clients by offering various rewards. Bitcoin is already designed to not need rewards, so if third parties are luring clients by engaging in such practices, that might mean that they are fucking around with your coins in order to be able to earn that amount and it might not be legitimate ways of fucking around.. and many people got burned by those products in recent times, so be careful when exchanges and/or other third parties are dangling out rewards for them to be able to hold your BTC.

Quote from: Dr.Bitcoin_Strange on Today at 01:28:57 AM

So, the point I am trying to make here is that you can derive a strategy for investing in a way that will not affect you. If you always look at your responsibility all the time, then you will end up not saving or even investing, and yet the responsibility will not cease to exist; you just need to learn how to discipline yourself to either invest gradually or save little by little to invest.

If anyone is investing regularly in bitcoin, even if it is ONLY $10 per week, they may well be taking from money that they might otherwise spend on fun, food and/or entertainment, so I would not necessarily agree that the BTC accumulator/investor is not going to be negatively affected by his/her dedicating value into BTC, but there is some potential for deferred gratification, and so the idea is just not be drawing from funds that are needed for basic living expenses (and even from emergency funds) but the could still end up causing less fun and enjoyment to be had in the presence with the hope of greater gratification (and options) at some point later down the road, whether that is 4-10 years or maybe even quite a bit longer before the additional options are starting to be seen and appreciated and maybe even being able to start to draw upon some of the additional options that start to materialize later down the road (and not even guaranteed, either).

Quote from: Pi-network314159 on Today at 02:23:40 AM

Quote from: Greyhats on October 30, 2023, 03:27:15 PM

[edited out

This is great advice and thanks for sharing from your personal experiences. It really shows a healthy perspective, and your ability to be pivot/be flexible. I think that’s key to any investment. When people talk about investing they even go a level deeper and ratio out the split of investments from that 10% of your income.

My deduction from income ranges between 5-25%. Sometimes have richer months and sometimes more expensive so the amount has variance. Recommend ya use excel or google sheets to work it all out for you. I also don’t do the allocation all at once and spread out the “investing” over a month. Sometimes things come up and I don’t like to be over extended, but certainly by month end they are done.

Then out of the amount I split my investments like this.

%56 BTC
%5 add to emergency fund
%17 dca stock
%12 cash savings
%10 into my business

If you see someone say they are high allocated into something this is probably what they mean.

Every year I re-asess this ratio normally near year end. I do feel like I have over allocated into btc this year but maybe that worked out, we shall see.

Keep calm, hodl and dca on

I think what jay juanji is trying to explain has been fully emphasized hear already. If you read what is in this article you will understand every bit of it. I don't think If more explanation is needed, no need for too much repetition.
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That is a strange response @ Pi-network314159 - because even if Greyhats might be doing some things wrong and/or might be doing some things differently from what other forum members might decide to do, Greyhats seems to have some pretty decent ideas regarding ways to both particularize his ways of investing to himself and also to periodically review his strategies and even being critical of himself in terms of appreciating that his numbers might not even be exactly right for his own personal situation, so he is acknowledging some areas in which he senses that he is taking some additional risks, including allocating a bit higher on bitcoin. which may or may not be the best of choices... but that still remains his call and seems somewhat reasonable to me, even if I might not make it in the same way that he chose to make it.