[quote author=MusaPk link=topic=5479211.msg63738636#msg63738636That's true that I am not a receipt of large sum of money and probably that's why I am saying that to me cash flow is an important factor so that I can decide how much I will invest in.
To the question you posed, I think I still have 20 to 25 years left before I think I will be too old for any further investments. I think if I can keep investing for next 6 to 7 years aggressively then I will be very much in good Hypo's[/quote]That also reason why most people haven't invested in bitcoin because of their financial capability, for instance people that barely cover their expenses with their earning can't think of investing (funds they need to survive) . So having a good cash flow as already given a head start. And would also make your accumulating with DCA strategies or any other strategies More effective, Other things that matter in your investment is how frequent you are in your accumulating. Because the more you accumulating (aggressively) the more and faster your portfolio would grow expecially having a good cash flow, and Also you would need a good principles for you to be able to be patient, while holding for long.
In crypto industry feels like it's the only one way to win this game is to hodl
Focus on Bitcoin so you don't complicated things for yourself. As a newbie, if you don't take necessary steps at getting the clarifications, you might think that anything that answer crypto is worth holding. That is how problem starts and you will hate anything crypto with Bitcoin inclusive. So the right world in this thread is Bitcoin, buy and hold as that is the only way. If you hodl anything else, you might end up hold a bag of shitcoins... I hope you don't want that?
I still remember in my early days in the crypto space I bought some cheap coins and hold thinking that when the bull season comes it will pump and give me a huge ROI. Unfortunately, after several years of holding, I'd never see it comes, not even until now and I wasted my money and time waiting for such an impossible thing in shitcoins. This is enough to tell us that buying and holding Bitcoin is the best thing to do even if the price is quite expensive rather than wasting our money on cheap coins that we only get nothing in the end. We ain't get 100% assurance here but choosing Bitcoin gives us peace of mind and little worries as we never lose if we hold and sell at a higher price.
I can actually Relate, wasting your time in some Damn shit coins that would endup bringing nothing other than losses most time . Most of those shit coin are the reason most users don't have confidence in investing again due to the scar a certain coin left on them . Because as a newbie with no proper knowledge about the space, came across post on social media how people are making millions in this space they would endup developing a childish mindset thinking you can just get risk ones in this space over night leading them to be mislead by others in, investing in some shit coin in order to make huge profits in a short term, but ended making great losses . That would reduce the trust and confidence for that user in investing in this space that why they keep telling those who are new to start their investment in this space with Bitcoin in order to be a safer side.