Quote from: MusaPk on January 23, 2025, 07:17:11 PM

Quote from: JayJuanGee on January 23, 2025, 12:52:02 AM

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.

Those who are early in there career path should focus on there job and business that can help them earn money which they can invest at later stage in Bitcoin. Because we need money to invest in Bitcoin and it has to come from somewhere. It will be a big plus if you start investing in Bitcoin at very early stage like if someone is 25 years old and has just started job. If that guy can start investing in Bitcoin now at 25 years then by age of 35 years he can have good amount of Bitcoin at his disposal.

I cannot disagree with your overall sentiment that there can be choices to focus on future income earning potential that likely need to be pursued early in life rather than later in life, yet at the same time, I doubt that it is helpful to be blanketedly proclaiming what people need to do, even if they ask you for advice, they have to ultimately figure out their own priorities and the extent to which they might be able to balance more than one interest at the same time.

For sure, young people frequently will make pretty dumb-ass decisions when left to their own devices, and sometimes they cannot differentiate between good ideas and bad ideas, yet it still seems like something that they have to figure out and balance on their own, and surely sometimes we might help them in figuring out how to weigh the tradeoffs rather than proclaiming that we know the best answer for their situation (even if we might know them well).

Quote from: MusaPk on January 23, 2025, 07:17:11 PM

Quote from: JayJuanGee on January 23, 2025, 12:52:02 AM

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.

For students, even 10$ is a big money and they spend every penny they have with care. Not many students have the idea that if they don't wait for tomorrow and start investing now, it will be beneficial for there future. Imagine if someone is a student in 2017 and start investing in Bitcoin then he has a portfolio that is seven years old and with time people can figure out how much more they can invest in Bitcoin. Like if I was a student in 2017 and invest 10$ weekly into Bitcoin and in 2021 I was a graduate then I have room to invest more in Bitcoin.

For sure the cashflow of students can vary quite a bit in terms of what kind of institution they are studying in, and what their housing costs might be (living with parents or not?), and sometimes they might have financial aid or scholarships that might help too... Some students have jobs and others have internships, and some of the internships and jobs might be related to their longer term interest and other kind of jobs might just be menial work that might not be very helpful to their career objectives. Some students might not be able to get into the better internships (perhaps even unpaid) unless they have some abilities to support themselves, which they might not be able to do, yet the internship might have high chances of increasing their future employment opportunities and income. There is a lot of variance and sometimes luck and sometimes needs for students to spend time looking through possible opportunties and figuring out how to either present themselves or to gain certain experiences so they become a more convincing candidate to be selected for some position that might be a stepping stone to another kind of position. There can be a lot of variables, and surely some kinds of students might be able to get better networks than others based on a variety of factors, including if they might have attended some networking smoozing event.

Quote from: MusaPk on January 23, 2025, 07:17:11 PM

Quote from: JayJuanGee on January 23, 2025, 12:52:02 AM

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.

If you already have a car and you want to upgrade it in next 5 years or if you are living in rented house and your employer is paying you rent of house and you have 5 to 10 years to build your house then one must go for investing into Bitcoin rather then saving cash in bank. Since cash depreciate in value over a period of time. But if you are in rush then one must keep this thing in mind that investing in Bitcoin is not for short duration. Regarding cashing out, it should only be done if you have enough number of Bitcoins and selling some won't have any impact on your overall portfolio health.

Sure we can attempt to figure out our own timeline and our expenses going out quite a distance in the future in order to figure out when we might expect to need some or all of the proceeds from investments that we make, and in the case of one kind of employment potentially leading to another kind of employment, we might consider various scenarios in which we have some base case scenario expectations, yet we also have some worse case and best case scenarios in our projection of the future, so we might not know for sure how our chances might improve or get worse in terms of future opportunties or income increases, or even losing a better paying job and ending up having to take a worse paying job. So, for sure, details can matter in terms of how much we might stock away into bitcoin or any other investment including based on if we really are able to consider that we can lock up funds for 5 years or more or if there might be scenarios that we have to temper how much we lock up, and also we have to make sure that we realize that even if bitcoin has always been positive after 5 years, we are not guaranteed that bitcoin is going to be positive in the next 5 years.. so we should have some cushion in whatever we are expecting to account for that potential scenario, too.. including making sure we safeguard it and are careful about how much we might be keeping on an exchange (perhaps no more than 10% on an exchange?, which also might vary depending on circumstances).