Quote from: arjunmujay on Today at 09:31:52 PM

Quote from: JayJuanGee on Today at 07:33:00 PM

[edited out]

With this we can differentiate between investment money and the money we use in the real world. So there is no need to spend the money we have invested in Bitcoin to simply meet the shortages that are occurring in the real world.
I even experience it now. When you feel down in the real world and don't have money to just buy food, it turns out there are still neighbors who give you a little gift that can be used to buy food.
So the neighbors don't know how much assets are in my postfolio, and let it remain a secret. while the daily money remains from the actual results of work.
while assets in bitcoin remain and are not sold for nothing. especially now that the asset is still being developed and is still accumulating more bitcoins.

It seems what you are saying is a fair interpretation, and it is up to you if you feel that you are able to invest and still potentially be a financial burden on others in terms of meeting your basic needs.. and I suppose referring to food and lodging as the most fundamental.

But, yeah if you want any investment to last there is a need to be able to create and maintain some kind of cushion between the money for your living expenses and the investment, and it seems that we have already been discussing that the larger your investment becomes, then the more need that you are likely going to have to make sure that you have sufficient finances so that you don't have to dip into it at any time except your own choosing, which I am suggesting to be 4-10 years or longer, and if you are not able to invest for that long, then you might not really be in a situation to be gambling with whatever money that you might need for your living expenses.

So if there can be ways to figure out how to increase your income or to cut your expenses, then you are in a better position to be able to invest, yet since we are participating in a quasi-anonymous forum, we cannot always know the abilities (or lack thereof) for some of our members to be able to earn an income or to keep their income steady or even to maybe have some abilities to save up some extra cash if their income is not very reliable.

Quote from: nara1892 on Today at 09:44:36 PM

Quote from: I_Anime on Today at 01:43:01 PM

[edited out]

Another thing I hope or I advise you to provide a detailed explanation or understanding to you about what investment really is, for the problem of goals yes we all as investors have the same goal at the end of the engagement which is to achieve or get a profit, but I hope you also explain to him in terms of risk, don't let your friend tend to always think about profit because the worry is that he could be too worried when bitcoin experiences a significant bearish or correction phase which in turn could make your friend act instantly to thwart or stop his bitcoin accumulation plan that he has been maintaining, because I see events like this are not uncommon when someone is too focused on his expectations.

I know that some folks might be worried about the extent to which their BTC holdings are in profits, and I frequently say that the first BTC I bought was not in profits for over 3 1/4 years from November 2013 until March 2017; however, my overall average cost per BTC had various periods of being in profits, and maybe some ambiguity in regards to the level of profits depending on how well it was calculated during close to 3 years before the average costs per BTC had clearly gone into profits.

So there can be long term periods in which an investment like bitcoin might not be in profits, yet we can still figure out position size and investing techniques that involve ongoing buying and hopes to have more options in the future, including hoping to be profitable in the future.. while realizing that profits are not guaranteed, even in an investment as great as bitcoin... but we are likely going to have better chances of being in profits in the longer term if we continue to exercise prudent, persistent, reasonable and ongoing BTC accumulation practices.

In other words the main way to prepare for the BTC price to go up is by continuing to buy BTC, even if some of those purchases might raise the cost of your BTC and also even if sometimes the BTC price moves against you after you made purchases that ended up being at higher prices than the current prices... just keep buying with reasonable persistence.. and perhaps study bitcoin to attempt to get more conviction in the strength of bitcoin's long term investment thesis.