Quote from: Popkon6 on February 09, 2024, 08:10:41 AM

As we move into the future, the demand for Bitcoin is increasing along with the basic needs. I think if a person invests properly by following the DCA method, he can definitely prove himself as an ideal investor. It is better to invest from present time, like me (I have kept my investment alive for 14 months) I also want to make my investment for long term. I got to see my portfolio and it made me want to invest more. So 10% of my income I invest here for long term following DCA method. This is a proper journey that I learned from JJG text.

It is probably good to just keep to temper yourself, even if you want to invest more because when the BTC price goes up, you will likely feel a wealth effect, and sure if you can increase your DCA amount, then I am not trying to discourage you as long as you continue to have a 4-10 year or more investment timeline at the time of any BTC purchase that you make.

But, yeah, for many folks, 10% is surely not outrageous.. but investing 10% or more still depends on your overall financial situation, and for some folks 10% might be too much and for others 10% is fairly whimpy... but it still remains a good target starting framework in which guys can attempt to consider their own particular target amount.... and another thing that we likely realize is that with 10% it is still going to take 10 years to reach 1 years of worth of salary invested, which surely may well be fine for some folks, as long as you realize the ramifications of how it plays out.. so you consider short, medium and long term ramification to the best of your abilities based on what you know now and your putting these ideas into practice will hopefully make them more concrete and meaningful with the passage of time and the ongoing continued application of the ideas into practice.

Quote from: Rabata on February 09, 2024, 02:35:27 PM

Quote from: Taskford on February 09, 2024, 09:47:22 AM

We can see now how lucky those people who accumulate at $39k price since at short time span they are already gaining a lot especially if they accumulate huge volume at that time also there's big potential that they can even earn more from this since bullish run for bitcoin is I think bound to happen.

39k to 47k is definitely profitable but Bitcoin holders do not hold Bitcoin for the purpose of getting such profit. Those who dream big about Bitcoin in the long term can actually become large holders of Bitcoin. There are many differences between a Bitcoin trader and a Bitcoin holder. If a person buys a large part of Bitcoin at 39k and sells it at current price, he will profit from it, but if he can store it for the long term, he can definitely expect a bigger return. Let me remind you where Bitcoin was in 2017 and where it has reached in 2021 and where it will reach in the future. Those who think long-term about it will definitely consider Bitcoin's holdings. A temporary gain can never change the intention of a true Bitcoin holder.

Of course we are in the ballpark of 8 or 9 doublings since 2015.. as I discuss in this post.

In other words, a lot of value can come from both experiencing a variety of BTC doublings but also to experience real value compounding effects.. and even if there are no guarantees that the doublings and/or compoundings will continue in bitcoin, the ongoing debasement of the dollar and other fiats is not going away.. which continues to strengthen BTC's ongoing investment thesis.

Quote from: Wind_FURY on February 09, 2024, 04:30:23 PM

Quote from: Samlucky O on February 08, 2024, 07:53:41 PM

Quote from: Wind_FURY on February 08, 2024, 05:03:41 PM

Get the context. The point is not about being the best investment because of price movement or ROI, the point is being the best investment in a particular sector because the HODLer is assured that the investment will continue to exist for decades.

I understand your thought and what you really mean, but I was just trying to be specific on the importance of Bitcoin over the other forms of investment. You know each time I hear people speak of Bitcoin, it sparks up my minds and want to talk and emphasis on it, for people to know the importance of Bitcoin. because I just feel like any discussion without Bitcoin is like I am not adding something to my Brian or not reminding my self of what I have chose over other investment. Not that I don't know that you just listed the other forms of investment but I was just trying to still let you know how important Bitcoin investment is still important than the other investment.

If you truly want to emphasize the real importance of Bitcoin, then you should avoid talking about it "as an investment " or something that's a possible source of enrichment. Research, read, learn, and feed your brain more about the technical details about Bitcoin. From that, I'm very confident that you will truly learn why it's the break-through/revolutionary leap of the century for distributed systems.
Satoshi Nakamoto should win a Noble Prize for Economics and a Turing Award for inventing Bitcoin.

I know that a lot of folks quibble with the idea of bitcoin as an investment, but the problem is that it is an investment and not just some technical mumbo jumbo.

Sure the technical aspects of bitcoin support it in terms of how valuable that bitcoin is as an investment, yet I cannot see how it is helpful to stop using such terms in order to better help people in regards to how they are going to invest their time, energies and/or value. .which some of that should be into bitcoin. .and surely they may likely have to consider other kinds of investments that they have in order to figure out some kind of a balance because even with bitcoin, it is likely better not to put all of our assets into bitcoin, since many of us still likely need to make sure that we are balanced in fiat systems, so we likely have to continue to make sure that we do not get reckt because we failed/refused to adequately keep a sufficient amount of value in various fiat systems... how are we getting paid and how are we paying our expenses? are some of those expenses discretionary or are they needed in basic kinds of ways such as food, lodging, transportation and other needs/wants that we might have.

Quote from: teamsherry on February 09, 2024, 07:17:40 PM

Quote from: Hallroom on February 09, 2024, 03:21:04 AM

Quote from: Barikui1 on February 08, 2024, 10:11:18 PM

I really don't think job security is paramount here in things to consider before investing into Bitcoin, because in life anything can happen, even the job you feel that is secure, they might just lay you off for no just reason, because life is unpredictable, and that is more of the reason why we should not play with our savings and emergency fund, because that is what going to keep you going till you get another job.

A job is definitely needed to keep bitcoin investment right, if you are out of a job then you can decide to sell your bitcoin holdings if you face any danger. So this is why the job is special, you can keep your investment active in the Bitcoin DCA method with a portion of the income from the job. There must be an external source of income to meet basic human needs. Bitcoin holdings would not be sustainable for long without eros.

I think the appropriate thign to say is that emergency funds is a must for us not to sell our holdings, cause loss of job can also be considered as an emergency and in a case like this, we can use our emergency funds or reserves to back up our accumulation plan and find a way to get a job.

But I don't know how potent the advice to use emergency funds to continue investment when our job has some issues is cause what if it takes longer and we finish up our funds and then a real emergency happens like health challenge or any thign that would really cause us to touch our bitcoin holdings occur, at that point what do we do?
Sir Jay a little help here 🙏

When the true emergency ends up happening, you will be glad that you have an emergency fund, and you will be especially glad if you have enough of a float that you do not have to sell any of your bitcoin before you can get back on your feet, but some times, you will end up having to dip into your BTC to sell some or part of it, and whether you could have had avoided that cannot be clear in any kind of general way since each of us should be trying to put ourselves into a position in which our emergency fund, reserves and float are of a sufficient size so that we never have to dip into our bitcoin, so the more uncertainties that we have, the more of those emergency funds we are going to need, including if we have other cashflows and other assets and/or even some people who we can rely upon as our emergency fund, but we should be trying to be realistic regarding all of these kinds of matters in terms of how much we need, and if we might be building our emergency fund and our bitcoin holdings at the same time, we might already be realizing that our emergency fund is in adequate and it does not even meet the 3 months minimum threshold.. so when we start to dip into depleting these resources and we are not replenishing our cashflow, then we should already be seeing these kinds of problems before they even strike... so we might be really screwed if we are not taking actions to increase our cashflow and/or decrease our expenses while we are able to work or whatever to make sure that we do not get into a situation in which maybe we really need the emergency fund because we are not able to work, and our expenses are rising way beyond what we had previously anticipated (perhaps due to lack of planning and preparations).

So it could well be that we should not be investing into bitcoin if we cannot get our shit together, and sure I recommend that guys are as aggressive as they can be with both getting into bitcoin and accumulating bitcoin, but if you are getting into emergency situations, you likely are engaging in gambling rather than investing and emergencies should have pretty damned low chances to happen in such a way that you have to dip into your BTC, and if you are dipping into your BTC fairly early, you are likely doing something wrong or you maybe should not be investing in BTC because you do not have sufficient disposable income and/or a stable enough of a situation to make sure that your BTC investment is protected for the next 4-10 years or longer.

Quote from: Obim34 on Today at 10:44:11 AM

Quote from: JayJuanGee on Today at 06:10:26 AM

[edited out]

In my own opinion, I won't actualize it as a mistake because It was all done intentionally, you sold due to the market experiencing an uptrend and back then you made a good profit from it, that was base on your own reasoning and what you deemed fit at that point. Everyday of our lives we grow and adapt to new ideas and ways of doing stuffs, currently you won't make such a decision of selling too early without completing different cycles. Seeing how much of your time and knowledge you put in here to see people not make such drastic selling decision is really appreciating.

Of course, even thought there are no guarantees, there is also a certain degree of latitude, which maybe shows that none of us need to be perfect or even try to be perfect, even though we likely try the best that we can to get some kind of ballpark application of practices that may well end up being directionally correct, even if there are various ways that whatever we choose to do is going to contain some flaws.

Accordingly, bitcoin has been very forgiving to those of us who have emphasized accumulation and HODLing.. even though many of us might have had employed some smaller kinds of strategies - yet our main strategy and the bulk of our BTC (perhaps even 70-80%) is mostly just sitting in cold storage and we are adding to it at various points along the way.

So being directionally correct pays off even if there are likely to be some mistakes along the way. .and the mistakes may or may not be perceptible at the time that they are being made... there can be some questions or tensions regarding how much of a balance to keep in various accounts that we might create. .and questions about whether we can put off some expenses (defer them) or if we might spend time trying to earn more income or if we might set aside some value to prepare for dips, and how much value do we want to keep on the sidelines for preparing for dips versus just buying right away or spreading our BTC buys out over a whole week..

Quote from: Richbased on Today at 03:54:23 PM

Quote from: JayJuanGee on Today at 06:10:26 AM

[edited out]
Actually few people are involved in this accumulation process and I believe persistence is they key, so with time the whole accumulation process is gonna be over and good investors reaps the dividends of their prospective investments.

Almost everyone coming into bitcoin get perceptions that they are "too late;" and that perception of being "too late" frequently motivates them to not invest into bitcoin, to under invest, or to sell too much too soon because they are considering bitcoin in the wrong kinds of ways (as if bitcoin were a mature asset and/or that it is topping out in various ways).. so yeah, many of us have difficulties comprehending how early we still are, even if BTC has already appreciated a lot in value, we are still really early.. and that might be part of the reason why some of the BIGGER time investors who are currently getting in (and still not even a lot of them) are stocking up on BTC because they are wanting to front run a lot of the population who still have not gotten into bitcoin, and sure even Wind_FURY frequently makes similar statements regarding the dangers of getting front-run by various BIG players when we actually still have quite a bit of abilities to continue to front run quite a few of those BIGGER players, even though more and more of them are coming into bitcoin.