Quote from: MusaPk on January 22, 2025, 06:35:07 PM

Quote from: JayJuanGee on January 21, 2025, 06:13:33 PM

Sure, you can do what you want, and level of commitment and how to demonstrate such commitment to yourself with possibilities of adding value are within your discretion about how to do it and how much to do it. From my perspective, there seems to be some value in striving towards some committed behavior on at least a weekly basis, and sure maybe your budget does not allow you to buy bitcoin every week, yet there still could be other ways to reinforce commitment towards accumulating more bitcoin.... unless you think that you are doing enough to be only buying once a month, for example.. Those seem to be choices, and yeah, sometimes we might not have time, since we might have some kind of a job in which we are earning money and we consider that to be helping us in bitcoin, or maybe we are spending 4 hours every week studying some topic and/or reading from some books that we consider to be helping us in regards to bitcoin (perhaps even indirectly through self-development kinds of activities).. Maybe we are doing pushups..and we have mentally connected that towards bitcoin (even though surely it seems to be a indirect connection)... ..

There are many ways to invest in money apart from saving money from your salary for investing in Bitcoin. We can participate in signature campaign to earn Bitcoin per week and they can help us to build an adequate portfolio over a period of time. Doing push-up will improve your health and reading book can may increase your intellect but to improve your financial status one has to invest in Bitcoin.

Fair enough in regards to pushups not literally leading to more bitcoin, especially since I was largely attempting to provide some examples of consistent practice to reinforce commitment to some of the underlying goals, and surely not everyone is going to be committed to figuring out how to accumulate more bitcoin sooner rather than later, and surely sometimes there will be valid competing reasons that distract folks from being able to invest regularly in bitcoin, and so for example, a person who might be early in life and without a career, such person may well want to focus on learning and building job skills and connections in order to later be able to obtain a better job that results from some ways that any of us might need to train and spend time to be able to become invited into certain kinds of work that might pay us more so that we might be able to invest more (financially) at a later date.

And, yeah, I am having some dilemmas, since of course, people who are actually going through those stages in their life might not either be in a position to figure out how to invest into bitcoin now, and/or even if they might have spare time to be able to study into bitcoin and to spend time to learn more about bitcoin...and perhaps then still be able to buy $10 per week of bitcoin while they are also building foundations of their career if they might have some other ambitions in life or perhaps some younger people might already be close to finishing all of their academics and internships and so when they hear about bitcoin, they are not really in a position to drop other things that are happening in their life, even if they might recognize that there is some competing importance in regards to involving themselves in bitcoin in one way or another.. to the extent that they might have time, energy and/or money available to invest into bitcoin, even if starting with small amounts.

Quote from: MusaPk on January 22, 2025, 06:35:07 PM

Quote from: JayJuanGee on January 21, 2025, 06:13:33 PM

Some people might feel that they are better at doing some menial work and feeling like if they do that work, then they earn more money, so if they work 10 hours extra each week, then they likely would be able to generate more money to buy bitcoin with that extra time spent on that menial work. Like I already mentioned, others might feel that they are better at reading some kind of a book or article.. or perhaps spending time reading/writing forum posts.. (am I talking about anyone in particular?.. hahahaha)

Of course if you have enough bitcoin then you can spend more time on Bitcointalk.org reading posts rather then working extra hours to gather money for Bitcoin investment. In that case, you also not pay any attention to signatures campaign since they are don't pay according to your expectations.

I think that many times I have asserted that I had spent more than 20 years investing prior to getting into bitcoin in 2013, so in that regard, each of us comes to bitcoin from our own financial status and our sets of experiences - yet so many times, I suspect that there are so many forum members and others in the world who have not spent as much time investing and/or tweaking various aspects of their own cashflow management, so I surely don't consider my own situation to be representative of the more common status of guys being in their earlier stages of building up their finances and perhaps even their employment skills that will result in better pay, and surely we can figure out how to manage our expenses to in order that our whole package of income minus expenses results in discretionary income so that we can build up our bitcoin holdings.

So for sure we all know that it can take years and years to build up our bitcoin holdings, perhaps 4-10 years or more just to build them up, which might not even mean that we reached our intended BTC accumulation levels.

In my own situation, I sometimes have to reconsider ways of presenting the matter, yet one of the advantages of having had already been investing for more than 20 years prior to coming to bitcoin, then I was able to front load my bitcoin investment and to consider that I had reached my target accumulation at an earlier date, which for me, did not mean dropping all of my other investments, but instead to just reallocate over a year or two and surely I have to go back from time to time to see various tweaks that I made, yet a lot of my reallocation took place over a year or two in 2014 and 2015.. with most of it in 2014, and my own cashflow problems throughout quite a bit of 2015.

It is surely different if a person comes to bitcoin with an already existing investment portfolio that already had a few different kinds of assets, as compared with someone coming to bitcoin without hardly any investment portfolio, and I consider that it is a more safe assumption that newbies are coming to bitcoin without any other investments rather than to presume that they have other investments, and another thing that I frequently proclaim is that if a person is coming to bitcoin and they don't have any other investments, then they don't need any other investments because they are coming to bitcoin with what they have and first things first will be to figure out their cashflow and start buying bitcoin, whether $10 per week or otherwise.. and at the same time to learn as they go, which includes that it could take quite a while to get the various cashflow matters in order and to consider the 9 individual factors in light of putting their bitcoin buying systems in place.

My own particular status is not very relevant, especially since a lot of times, I am speaking from my own experiences too in terms of building an investment portfolio, even though my personal one did not begin to include bitcoin until more than 20 years of my practicing, and so by the time I came into bitcoin, then I had to learn some new things and also tailor some of my approach and my thinking to bitcoin, including that bitcoin does not really seem to be the same bitcoin in 2025 as it was in 2013 and 2014 when I was first studying it and buying my first amounts, yet the core aspects and the strength of bitcoin's investment thesis seems to have gotten stronger and continuing to getting stronger over the past 11-ish years since I started getting involved in it.

Quote from: MusaPk on January 22, 2025, 06:35:07 PM

Quote from: JayJuanGee on January 21, 2025, 06:13:33 PM

You are exactly highlighting the rationale for getting started right away, yet there are a lot of people who might hear about the rationale and they might even say that they believe in the rationale, yet it still seems a more important thing is to begin to act.. whether it is setting up accounts, or researching from where to source bitcoin, and the preliminary actions should end up with purchasing some bitcoin and then putting a plan into place to be able to buy bitcoin every week or some other reasonable time interval.. since if action to buy does not end up getting included into the outcome, then there will be nothing to show for the good intentions to buy or even the belief that buying is important.. and surely, I am not even saying it is easy to put a plan into action, yet it likely becomes easier to continue to buy bitcoin on a weekly basis after making yourself do it every week. ..and yeah, maybe some people it is impractical to buy every week for logistical reasons, so they need to do what works for them, yet action to buy seems quite central for both the no coiner and the low coiner.

I can relate another example here. I wanted to buy a car that costs 1 Million Pak rupee in 2010, I started accumulating money for that in 2010 in 2012 I have 1 million but at that time price has gone up to 13 million. So prices in case you need to buy a car or construct a house, prices are always going up and it's difficult to arrange Lump sum money. Most people that's why go for car finance through banks and pay extra money to banks. To me rather then accumulating money in bank to buy a car or construct a house, its better to invest in Bitcoin that can give you good profit after 5 or more years.
We can learn swimming by actually doing it. We can learn whether we need to invest more in Bitcoin by actually getting started with it. If we start from somewhere only then we can figure out whats our position in bitcoin. Staying away and not actually investing wont be of any use.

Well for sure, even if you are saving up for a car, to build a house or to buy a house, there are likely quite a few advantages if you are able to save that in bitcoin rather than either saving in cash or some instrument that is related to cash, yet I have some trouble recommending bitcoin as a trade.. ..even though it seems that if your timeline is greater than 4 years, then you might be able to leverage your bitcoin into some other asset (or consumption good), yet we know at the same time, that if we come to bitcoin during a downside period of the cycle, then it could take more than 3 years to get back in profits, and also that profits are not guaranteed in bitcoin, though surely regularly investing and buying bitcoin has tended to do a lot better over longer timelines, yet there are a lot of people who end up playing the wave, buying a car or house and then ending up without any bitcoin, so sometime it can be better to allow the bitcoin to ride a bit longer, yet sure there are sometimes where guys are able to catch short term Uppity waves in the BTC price and they might not even have to cash out all of their bitcoin in order to get the advantage of the wave whether that is with a car or house purchase or some other kind of a purchase... and so yeah, they still might have bitcoin left after cashing out large portions of their stash.. I tend to prefer a slower cashing out and also just making sure that your stash is high enough before cashing out too much too soon, even though I understand that some guys will end up cashing out too much too soon in order to satisfy some of their consumption wishes, whether a car, house or some other thing that might have mixed utility and consumption attributes.