Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Churchillvv
on 23/05/2024, 06:33:17 UTC
[edited out]
..., I wanted some kind of explanation or defination if there is one to what a balanced aggressive bitcoin investment situation should be ....

I think that these points have been sufficiently explained, especially since the punchline is that you have to figure out for yourself in terms of your boundaries, and yeah, if you end up going over the boundaries, you might not realize until it is too late.  How can anyone else figure out those kinds of matters for you?  You gotta figure out how much of an emergency fund, reserve and/or float that you need based on your own balancing of matters.. and yeah, I cannot tell you that if you are worried about it, you should error on one side or the other.. that's up to you, but if you know all of the various factors with which you are working, then your putting them to the test and balancing them out with the passage of time, you are going to likely find out how much to put on one side or another he and there probably is no "perfect" balance, but instead something in the ballpark of feeling comfortable and/or sufficiently comfortable.. but maybe also a bit uncomfortable at the same time.
To buttress what JayJuangee has said, In a simple time or should I put it in understandable proverb; All fingers are not equal. Which means my own balanced aggressive bitcoin and your own balancing of bitcoin investment isn't same because we all do not have the same capabilities or purchase, there is to "fixed balance bitcoin investment as your level of income determines your own balancing of bitcoin investment.Since we all have our different capabilities of bitcoin investment it's our own duty to decide when our investment is balanced with other spends which are classified under emergency funds/reserve or float funds.

In other words, How much you earn should determine how much you should invest because if you invest too much you will probably get into some kind of trouble in your investment journey. Hence try to maintain a good investment habits, as far as your aren't impressing anyone with your investment but rather preparing a great future for yourself through the opportunity bitcoin has brought to us you should do it evenly.


For me I think that the logic should be, how much of your discretional or disposable income is what is meant to determine how much you should invest, and not how much you earn. for example, Mr A, can be earning $200 but can be making $190 worth of expenses in terms of his living expenses and a provitional emergency funds based on life style and left with only $10 as a discretional or disposable income, while Mr B can as well be earning $200 but spend less than $190 maybe $150, or $100worth of expenses based on life style, from the above example you can see that both Mr A and Mr B will definitely arrived at different amount of disposable incomes which is meant to determine how much should be allocated to your investment, every investor must understand how much of their disposable income after taken care of their personal needs and that of the provisional emergency funds inclusive, irrespective of the amount earned. The point is that it is your disposable that should determines how much should invest and not how much you earn and you should also know that expenses may tend to vary from time to time and what you only needed to invest with is your disposable .
Perhaps you're probably correct, about your assumption that how much of your discretionary or disposable income is what determines how much you should invest rather than how much you earn, but I'd like to point out to you @Tmoonz that you're wrong from a different view point; bitcoin investment is not a default option in which you must invest what you have at your discretion; it's an important choice that should be taken seriously.

Perhaps when one talks about investing in bitcoin, it is supposed to be a very important part of one's life that is worth cutting other expenses to increase the rate and/or level of your investment; your lifestyle can wait for a moment, but bitcoin cannot, so you must sometimes not make yourself too comfortable by investing a small portion of your income in bitcoin, instead take it upon yourself to make a better portion of your income count by investing it in bitcoin. For instance, if you earn $200 per week and your weekly spending for the so-called lifestyle is $190, and you have roughly $10 in discretionary or disposable income, is that a good investment? Absolutely not! So it's basically how much you earn and a percentage you're willing to give for the future, rather than what's in your disposable income, because bitcoin isn't like shitcoin, where you can put whatever you want, but you decide how much of your income should be invested in your long-term investment scheme.