Quote from: Ruttoshi on February 01, 2024, 08:13:43 PM

Quote from: JayJuanGee on February 01, 2024, 01:02:32 AM

so then we might start to feel that we are too overly weighted in bitcoin, which is part of the further justification in regards to making sure that we hold our value in a variety of asset rather just in bitcoin, yet not everyone is going to agree about that.

I agree with you on what you said about when having enough bitcoin in your portfolio, there is need for diversifying into other asset, so that you will not only depend on your bitcoin investment. When you have other assets like gold, bond, stock, or real estate and not just only bitcoin, you will have a high chance of securing your financial life, because if one of the asset is not doing well, the other will be there to balance up.

Actually, I have never thought of this before. as I only intend to invest only in bitcoin for lifetime, and I thought that is enough, but after reading your post, I saw the need to diversify and not just depend only to invest in bitcoin, so that we will have the so that we will have the strong assurance that no matter what happen to the first, the second investment is there to save us, when the first is not meeting up to our expectations.

I have seen that you don't only have the knowledge of bitcoin investment but you have the knowledge of how to expand your investment by diversify at a certain point of time when you are close to your bitcoin target or have reached your bitcoin target, which means that one will have rest of mind in future at old age, because those investment will serve their purpose of you investing into them.

Each of us will reach these points of feeling that we need to diversify based on our own situation, maybe if we came to bitcoin with other investments already, or maybe at some point down the road, then we consider that we need to have something other than just bitcoin and cash... even though bitcoin is likely going to continue to serve as a very strong investment, there could be ways that some guys might choose not to diversify any further than bitcoin and cash, since they like how liquid bitcoin is as an investment as compared to many very rich people who might even be multi-millionaires, but they still might not have a lot of liquid investments, so there is some value in having investment assets that are very liquid.

Quote from: ginsan on February 01, 2024, 08:43:42 PM

Quote from: JayJuanGee on February 01, 2024, 01:02:32 AM

.......but still may need to either hone their basics or prepare themselves for times in which they may well be ready to pass into different stages.

This quote is quite exciting for me, especially I have passed 1 year in my Bitcoin investment planning with the DCA strategy and this year is the second year of long-term Bitcoin investment planning. It wasn't easy, but I managed to get through it and there were a few problems, maybe just going through several stages of purchasing in the first year due to several factors that occurred. Because when the purchase was due, maybe my budget was needed for urgent life needs, but in the next stage I took the time to act to use double the budget for the next purchase to cover the gap due to skipping purchases in the previous stage.

Of course it is very good to individually tailor, and sometimes there will be less stress when you have at least spent some time accumulating, and even if you feel that you do not have enough, with the passage of time and more time investing, the harder it would be to cause you to feel like you are totally unprepared for up... and that is one of the problems that a lot of newbies have. They some times spend time trying to figure out how and when to invest into bitcoin, so during much of that time that they were spending trying to figure it out, they were not bolstering their preparation for up... so yeah, there can be a lot of times that the preparation for up can be painful, and maybe in some sense you are lucky since the BTC price has largely been upwardly sloping for the past year, so that can bring some psychological relief - even when financially you might have been better if the BTC price had been flat or down.. .. but in the end, the price is what it is, and if you just do whatever you can in terms of ongoing BTC accumulation, you cannot really change the fact that you could not really know which way the BTC price was going to go in the last year.

Another good feeling is getting through a whole cycle.. so hopefully you are still feeling good about whatever you are doing or able to do in regards to your BTC holdings by the end of a whole cycle. We will see. .. Seems like exciting times in the coming years in bitcoinlandia, even if there can be some uncertainty too.

Quote from: ginsan on February 01, 2024, 08:43:42 PM

For this reason, it is true that we need basic principles of preparedness when unexpected things affect our economy. As difficult as it was for me in the first year, I was determined and confident to close the first year of my investment planning successfully and that was a matter of pride for me. For this reason, I have advice for beginners to stay focused and have principles in planning Bitcoin investment because without principles, it will certainly be difficult for you someday. I mean if you don't have pressure to complete your investment planning perfectly then you will be left behind in various ways such as going through many purchasing stages and not being consistent with the investments you make.

If you started and you did not have any kinds of investment systems in place, then going through a whole year will give you a whole years practice in order to see if there might be some areas that you can improve.. especially if there might have had been some times in which you had shortfalls in your cash. Sometimes little tweaks to your practices can fix those kinds of problems, but then if you make it through a whole bitcoin cycle, then you likely will have a quite a bit of adventure in front of you to see how the next years go and to probably allow you to feel more and more solid like a person who keeps and maintains a bitcoin holdings.. .which is still a minority of folks in the world who are actually engaged in such a practice.