Mr JJG, the explanation you explained was quite good and added insight for me. I will make it a practice not to think out early and continue week after week to continue accumulating Bitcoin. Why do I believe that is because the money I use to invest in Bitcoin is money that is not used or that is not burdened in my daily life. For this reason, I will no longer say when the ideal age is for them or for myself to experience the results of investing in Bitcoin because it is all their own decision.
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Yes, JJG does provide very appropriate advice for anyone who wants to invest in Bitcoin (especially for members who like discussing or reading his posts). Especially in terms of thoughts or ideology about collecting money into bitcoin. Because it cannot be denied, many people and sometimes me too, think too much when they want to buy Bitcoin. Although basically it is normal to think first before buying Bitcoin, if you overdo it it will definitely end badly.
Your right. He is a true epitome of a brilliant mind. If you or anyone have keen interest in getting deeper into JJG's knowledge and expertise. I recommended two of his threads that shed insights based on the complexities and swings of the Bitcoin market and how to manage it.
JJG's Bitcoin Investment Ideas (Sustainable Withdrawal / Portfolio Maintenance)JJG’s Outline of Bitcoin Investment IdeasI doubt that we can avoid mistakes. We have to do the best we can with the information that we have, and sometimes we are going to make mistakes because we might not sufficiently figure out how to tailor our approach to our own circumstances, and so we likely will have to tweak our approach from time to time, since our information might change and also our circumstances might change and we have to make choices about how to balance out our approach to attempt to best account for those changes in information and/or circumstances.
Thanks for directing the conversation to this direction Jay. Mistakes are inevitable in investment but most times unintentional. Learning from other people's mistakes undoubtedly improves our decision-making. But we can expect complete immunity from making mistakes along the line in our investment. The market is volatile, making it very challenging for a lot of investors both newbies and experienced investors.
Not just volatility alone, new challenges like, market shifts, regulation, circumstances based on the economy, and conflicts may as well get an investor caught up to make mistakes in decision-making. However, we can minimize the rate at which we make mistakes and maximize success if we stay informed while maintaining a disciplined approach to our investment.