Quote from: laijsica on Today at 05:01:26 AM

Quote from: JayJuanGee on August 31, 2024, 05:53:24 PM

[edited out]

I tried to explain in my speech that we should take care of our own tangible assets such as real estate, gold, business establishments or other assets on a priority basis and at the same time aspire to accumulate bitcoins in terms of investment. If an investor has an abundance of real assets, it can be much easier to fulfill his desire to accumulate bitcoins.

Well if a person already has assets, then he could use the cashflow from the assets to accumulate bitcoin, yet I doubt that it is a good idea to accumulate various assets instead of accumulating bitcoin, since you are implying that it is better to have property rather than bitcoin, since the property could cashflow, and surely that is not necessarily a true assertion.

Quote from: laijsica on Today at 05:01:26 AM

The cash flow that he will have from having these tangible assets can prompt him to accumulate bitcoins from every level,

If he does not already have the properties (or tangible assets), then you seem to be presuming that it is better to buy the tangible assets prior to buying bitcoin, which I doubt whether properties are a better asset than bitcoin.

Quote from: laijsica on Today at 05:01:26 AM

which you can consider as an alternative floating cash from which an alternative source of income every week or every month.

Yes, you can get sources of income from working or from owning assets, but that still does not mean that it is better to buy cashflowing business or properties rather than buying bitcoin.

Your use of the term float seems to be wrong.. usually float money would be the extra money that you have between paychecks based on uncertainties in either income or expenses, so sometimes you have to keep extra money in case your income is lower than expected or your expenses are higher than expected.

Surely you could have cashflowing businesses or properties that give you extra income. so then that would add to your disposable income, yet again, if you have to buy the cashflowing businesses or properties, you might well would have had been better off to buy bitcoin rather than the cashflowing businesses/properties, and that is your choice if you believe that there are assets and/or businesses that might be able to beat the returns of bitcoin in the future.

Quote from: laijsica on Today at 05:01:26 AM

I have tried to understand from almost many of your threads that you have always prioritized having a surplus of real assets or floating cash which is important and positive for managing long-term bitcoin holdings. Also recommended to keep investments flowing down the road which must work positively for every investor.

I have frequently suggested that folks need to invest into bitcoin within their discretionary income, and that if they are newbies to bitcoin, then there is no need to start out by diversifying assets, and in that regard, they can start out by investing in ONLY bitcoin and cash, which means that they could build up their bitcoin investment and their various back up funds (such as emergency fund, reserve funds and float) at the same time that they are building up their bitcoin investment. I doubt that I have ever suggested for newbies that there would be any need to invest in other assets or properties prior to building up bitcoin holdings, and surely if folks come to bitcoin and they already have other investments, they would have more options than a person coming to bitcoin who had never had much of any investment and/or savings previously. Personally, I believe that it is more common for bitcoin newbies to either not have any investments/savings than to have other investments and/or savings and if they do have other investments and/or savings their other investments and/or savings are likely to be fairly limited, but if they have them, then they would take those other investments/savings into account in terms of their bitcoin strategy.

Quote from: laijsica on Today at 05:01:26 AM

Yes we have some variation in real assets such as gold, land or other valuables which may not have immediate alternative income but the sale price of these valuable assets is likely to be much higher in the future. Having an abundance of these tangible assets can make you more stress-free and motivated to increase your long-term holdings in alternative valuable assets like Bitcoin.

I don't agree with those kinds of statements, since you seem to be implying that it is better to invest in those other assets than to invest in bitcoin or alternatively you seem to be suggesting that a bitcoin investment will be stronger if it has those other investments, which truly I don't agree with that, especially since many times, I have asserted that there are hardly any needs for any of those other investments until maybe after a newbie has been investing in bitcoin for several years and established a pretty decently good size bitcoin accumulation, so initially any newbie investor in bitcoin should be sufficiently diversified with bitcoin and cash, and perhaps once his investment into bitcoin might start to get to a year or two of his expenses, then maybe he might start to consider (within his own discretion) whether to diversify into other assets. .and yeah, some guys may well want to diversify into other assets before their bitcoin investment even reached 1 year of their expenses, yet surely the building up of cash reserves and back up funds likely is much more important than to get distracted into other assets that are likely to be inferior to bitcoin..and especially for anyone who is poor or with limited funds, it seems to include a decent amount of lack of focus to be fucking around with various likely to be inferior investments, including the ones you listed, prior to getting his bitcoin investment into a decently strong place.. which could take several years, perhaps even a couple cycles or more.