Quote from: Sexylizzy2813 on Today at 08:47:58 AM

Quote from: JayJuanGee on Today at 05:03:57 AM

Each person should be tailoring his investment to his situation, and surely there should be less ability to aggressively invest into bitcoin if you are brand new to investing and brand new to bitcoin, and so if you don't have your shit together, including having some consideration of the 9 individual factors.

That's what we do talk about on the Forum on how newbies rush into Bitcoin just because they have a little knowledge of it and they forget that they still need to learn more about Bitcoin, no plan no strategy and they engage in it because they see others benefiting from it, they feel is easy and they too can gain more than they invest, things don't work out that way in the crypto space, seeking for mentorship and advise helps a lot.

Yes. Newbies make all kinds of mistakes, and there is ONLY so much handholding that anyone can do.

If I say get started as soon as possible, I am not saying put everything you have into BTC, so that would be dumb, and maybe for some people, getting started right away will be working on buying $10 worth of BTC, and they are still going to have to figure out their own level of disposable/discretionary income in order to know their budget, so I am not personally talking about getting in and out, I am referring to an investment into BTC that is 4-10 years or longer, which should mean that they are both using money that they are not going to needs, and they also realize that the investment could end up going down rather than up, including going to zero, so there is a need to both invest accordingly, but to study bitcoin and your own personal circumstances, even if there is a suggestion to get started right away. Anyone who invests too much, tries to trade or gamble or does not figure out his/her own budget and psychological situation will end up suffering the repercussions of that if such negativity outcomes end up playing out.

Forums like this provide opportunties to brainstorm and interact, but each person still has to figure out his own situation, make his plan and apply his strategy in accordance with his own circumstances.

Quote from: Sexylizzy2813 on Today at 08:47:58 AM

Quote from: JayJuanGee on Today at 05:03:57 AM

And, surely I m not even suggesting that someone needs to know all his/her 9 fatoprs prior to getting started, since one of the most important things in bitcoin is to get started, yet merely because you should get started, does not mean that you should go all in, yet a newbie can consider creating a target of anything like 5% to 25% of his income to go into bitcoin, but yeah, that won't work too well if he had not figured out his discretionary income (in order to not go beyond it) and to perhaps create an emergency fund that is 3-6 month of income/expenses, but I am not even saying that the newbie guy has to create an emergency fund prior to getting into bitcoin, but if he does not have one, then he may want to pace both his entrance into bitcoin and his establishing of his emergency fund, which could cause some delays in terms of getting any kind of decently sized starting bitcoin allocation... but yeah, everyone is responsible for himself, including if he fucks up, he overinvests, and he has to sell at some time that was not in his initial plans, but there still might be ways to recover his situation, even if part of the solution might be to regroup and to sell a bit of BTC, and hopefully at least the portion that is sold is profitable (minimally) even if it might not have been a good idea to sell it, there are sometimes needs to regroup and reasses and maybe some of that can be done slowly over time (which tends to be my favorite way of doing things), and other times, there may be needs for more extensive and quick measures in order to get things back to a more balanced state of being.

When someone is desperate and greedy at the same time make him or her not to think about the emergency fund, you might not agree about the emergency fund but I think it has a better and positive role to play in investment concerning the newbies.

Yes.. a lot of people are irresponsible with their finances and with their emotions, so it can sometimes take a while to figure out some good balance that involves investing rather than gambling. If someone has an income of $1.5k to $3.5k per month, and $1.8k worth of expenses (and perhaps mostly an income of $2.5k) , he already should know how to maintain a budget so that he is able to pay his expenses even during months in which the income is lower than the expenses. He also might realize that he usually has $700 per month of discretionary income, but he has to figure out ways to make sure that he has various cash cushions, so maybe he might start out by investing $350 per month into BTC rather than $700 per month.. So he has to figure out the details of how to manage his cash including some of the inconsistencies of income and perhaps some inconsistencies in terms of expenses too...

So yeah, if he has no financial cushion of emergency fund, reserve funds and/or float, then he should put those systems in place, and if he does not do it and gets all excited about bitcoin, then he is likely going to suffer the consequences of not building and/or maintaining financial cushions.. which can be learned in the event that common sense does not exist for such a person.. which I presume an overwhelming majority of folks are able to learn skills of personal financial management, even if a lot of folks might exercise bad practices and are somewhat unable/unwilling to moderate their financial management (and emotions).

Quote from: Sexylizzy2813 on Today at 08:47:58 AM

Some use all their funds to start up and hoping to get something in return like a larger amount just to feel among, 75% of this crazy investment do not work for some but it does for some.

That is their problem is they are engaging in gambling practices rather than investing practices. Who is going to hold their hands?

Quote from: Sexylizzy2813 on Today at 08:47:58 AM

When people sell BTC these are the cause, I'm saying this because they seem to forget that having a plan B is important in every investment.

Investors with good practices have abilities to profit from those folks who develop and employ bad practices. I see no reason to pander to the folks with bad practices, and they can have fun getting reckt over and over.. If we aspire to good plans and good practices, then some folks will learn from those, and there is ONLY so much that we can do to help or to feel sorry for folks who have inabilities to control their emotions, to make plans and to follow through with solid plans and practices.

I already gave an example, and someone like the one I described above with around a $700 per month discretionary income, who might be very skeptical of bitcoin might decide to ONLY invest $10 or $20 per week into bitcoin, and others might decide $100 and the one that is overly aggressive might decide to invest close to $200 per week into bitcoin, and it is only feasible and or reasonable to become more aggressive with their income after they make sure that they have good and solid personal financial management systems into place, but if they do not have good and solid systems (including their emotions), then why should we be overly sympathetic to them? They need to get their shit together and exercise personal responsibility in terms of managing their finances and their emotions and if they have never learned those kinds of things, those kinds of things are within the realm of self-teaching and there should be a lot of common sense elements to them, even though there may be some needs to put good practices into place and practice the good practices over and over in order to learn how to discipline ones own self in his/her finances and emotions..

Quote from: Sexylizzy2813 on Today at 08:47:58 AM

And since they can't predict the next move of Bitcoin price it put them in a confused state and some can decide to withdraw something less than the start up amount let it be that they get something to hold on to, no need to blame those withdrawing because they don't have much patience.

I am going to blame them, and I am going to call them dumb and I am going to call them gamblers... who may well have had overly invested and failed/refused to put their own financial/emotional management systems in place. I see no reason to defend such persons or to suggest that any of us need to aspire to being sympathetic to such poor people who are engaged in processes of failing/refusing to establish an appropriate position size (perhaps through DCA), gambling and self-sabotage rather than building of themselves and/or their finances.

By the way, some folks might be investing into bitcoin with funds that they believe are discretionary income, yet it is not.. so they are investing with money they need or they believe they need for expenses (or wants), so if they don't have discretionary income that they are able to set aside for 4-10 years or longer and even be prepared that whatever they invested into bitcoin could go to zero, then they probably should not be investing into bitcoin.. or at least they cannot call themselves investors, rather than either traders or gamblers (yes, trying to play a less than 4 year wave in bitcoin is trading and gambling rather than investing), and maybe if someone gets through a whole 4 year cycle, then maybe at that point they might have had started to accumulate enough BTC in order to switch away from BTC accumulation and perhaps into some other kind of a strategy, that still might include BTC accumulation but might have a bit more flexibility, versus perhaps the first 4 years may well be best to ONLY focusing on buying BTC and forget about selling BTC, which means choosing a position size that is within their discretionary income and not money they need in the short term, and perhaps money that they never need. .even though surely we all invest because we believe it is a good place to put our money and to increase our options in the future, but no investment is guaranteed, including bitcoin, even though bitcoin is likely amongst the best (if not the best) investment available to normies around the world.. but the normies still need to temper their behavior to an appropriate position size and reasonable/prudent approach that fits their own circumstances... and perception of BTC prices is only one of the 9 factors that I already mentioned (cited/linked in the first paragraph above).

Quote from: Dailyscript on Today at 09:43:48 AM

Quote from: JayJuanGee on Today at 05:03:57 AM

[edited out]

Bitcoin is one asset that can has a tricky entering and exit strategy, if there are no solid foundation one could possible end up destroying what he has build by collapsing his investment.

Even though it is good to have abilities to get out of BTC, so that you maintain ways to get in and to get out, but at the same time, there may well need to be an creation of a BTC exit strategy from the start, especially if the investment timeline is 4-10 years or longer, there could be ways to figure out various exit (or withdrawal) strategies after having had been in the investment for 4-10 years or longer.. and surely some young folks may well take 4-10 years or longer just to build a position, and they might not even have enough BTC after 10 years, so they still may figure out that they are in the building stages 10 years from now.

Quote from: Dailyscript on Today at 09:43:48 AM

This is why in as much we investing in Bitcoin there is a level of investment discipline we maintain so that we wont tap into our bitcoin from time to time.

People can figure out ways to tap into their BTC - especially after they have spent time building their position, but there are needs to be careful about ways in which a person taps into their investment, especially if they are still building it, yet each person has to figure out their own balancing in regards to when they might be in a position to start tapping into their BTC rather than continuing to build it.

Quote from: cxtreenal on Today at 10:42:39 AM

Quote from: Sexylizzy2813 on Today at 08:47:58 AM

Quote from: JayJuanGee on Today at 05:03:57 AM

Each person should be tailoring his investment to his situation, and surely there should be less ability to aggressively invest into bitcoin if you are brand new to investing and brand new to bitcoin, and so if you don't have your shit together, including having some consideration of the 9 individual factors.

That's what we do talk about on the Forum on how newbies rush into Bitcoin just because they have a little knowledge of it and they forget that they still need to learn more about Bitcoin, no plan no strategy and they engage in it because they see others benefiting from it, they feel is easy and they too can gain more than they invest, things don't work out that way in the crypto space, seeking for mentorship and advise helps a lot.

You are right JJG's mentioned 9 guidelines here is a perfect investment system for beginners. Newbies may have slightly different investment strategy as they are new - in this case guidelines are quite helpful for them.

This is where storing bitcoins with income and an emergency fund is very important - because if one does not have enough income diversification, storing BTC is far away. So having a spare fund of at least 30% after balancing the expenses with the income is a helpful situation to enter the bitcoin market. Here he can be advised 10% for emergency fund and remaining 20% for bitcoin savings. Risk tolerance for emergency funds mentioned here in point 6 is important to consider before entering this market. Although the emergency fund level can be increased by individuals, newbies are free to deposit bitcoins as they can decide to invest any amount. But increasing the level of bitcoin deposits and continuing for a long time can provide a perfect level for beginners.

Your emergency fund is something you build up and would be 3-6 months of your expenses/income and it is not a continued expense that you have.. even though while you are building it, then it might be certain percentage of your income until you get up to an amount that you have contained in such fund.

I am not sure where you are getting your numbers, but many folks have a hard time even putting away 10% of their income for savings and/or investing, so that can be why it could take so long, even 10 years to build up a whole years worth of savings/investing.
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The more that you are able to save/invest, then the faster that you can build up your investment portfolio, but people frequently are not in positions to save/invest such large amounts, so they have to make sure that they have their discretionary income in order prior to even being able to invest anything... discretionary income is the difference between income and expenses, so it is money that you do not need.. There are some rare folks who are able to save/invest higher than 25% of their monthly income.. but that is not too common.. but it is possible if you can get high income and lower your expenses. those are not typical, so it is better to attempt to describe situations that are more realistic... even though sometimes folks could either increase their income or descrease their expenses in order to have more money for savings/investing.