Quote from: JayJuanGee on February 08, 2025, 07:37:38 PM

Quote from: Scarlett_23 on February 08, 2025, 06:52:53 PM

Quote from: JayJuanGee on February 08, 2025, 01:56:24 AM

Of course, young folks if they do not have a job, they may well need to spend time, energy and money to train themselves so that they have an income. Of course, if they are trying to continue to build their bitcoin investment in order to get it to a large enough size that they can live off of their bitcoin investment, then they still have to spend some time getting their bitcoin to a sufficiently large size, since if they start to spend it too prematurely they will end up being a low coiner or a no coiner, and since they are still young then they have to start over accumulating bitcoin, which would be dumb to sell your bitcoin too soon, since you likely want to keep building your bitcoin to get it to a size where you can start to live off of it and not have to work, except that if you are young and dumb, you might end up cashing out way too soon and fail to calculate how to make a system of sustainable withdrawal including that perhaps you are going to want to upgrade your standard of living too. So as a young person you might have several things that you need to learn and you might not even know all of the things that you need to learn until you explore for a bit and perhaps even get into some careers..and perhaps trying to find a career that is suitable and comfortable to you without having to sell any of your BTC until later down the road when you are actually ready and have built your stack (stash) up to a high enough level..

I agree with your comments that if young people want to earn from Bitcoin, they must keep Bitcoin basics in mind. In order to build a strong financial base and be the future leaders of the world, they should inculcate a savings mindset in advance. Bitcoin is a long-term financial system. The longer you hold BTC, the more successful you will be. And for this, our young society is perfect because the young society has time to build the future, so if they want, they can hold their income for a few years. But for this they must broaden their income stream by acquiring skills. And for this work they can find a second source of income on any digital platform or by starting a business. In this way anyone can easily build a BTC stash with another income support. So I would say young people can build btc stash better than old people.

I think that I was saying something else, including that sometimes young people can become quite cash-strapped if they might be trying to learn and build their skills so that they can get better jobs later, so it can sometimes be difficult for them to continue to hold bitcoin that they had previously bought... Yet, I don't necessarily want to make any kind of a blanket statement - even though it may well become easier when young people find good paying jobs to then be able to save and invest, but if they are in school it might be hard for them to save/invest into bitcoin when they might not have much of an income and they may well be spending a lot of time and energy learning skills with goals of improving their income later down the road. Surely not every young person invests into trying to get higher paying jobs down the road, including some young people might not be in a good position to be able to invest their time in that way...so there are a lot of differences in situations, including inequalities of starting points, that may even have some geographical elements.

Quote from: Futurexxx on February 08, 2025, 07:00:06 PM

Quote from: JayJuanGee on February 08, 2025, 06:46:18 PM

Bitcoin is not guaranteed to be successful, but you can try to put good bitcoin investment practices in place and also try to figure out some good cashflow management practices, and surely it can take a while to strengthen your various bitcoin investment systems and your cashflow management systems in a way that is comfortable for you but also strikes a kind of balance that is good for you - hopefully so that you can build your bitcoin investment size to get it to a point that is also comfortable for you and your situation.

Thank you sir for clarifying this because most of this guy's here are thinking otherwise, they think that Bitcoin is risk free, we live in a world full of uncertainty, nothing is guaranteed, even Bitcoin too is not an exception, we that are investing in it are doing so because of the faith we have in it due to it track record of appreciating overtime, but when it comes to how certain we are about it, it should not be 100% because the future is not guaranteed, so many things can go wrong in a very short period of time, and that is why we normally says that Bitcoin is as risky as every other investment out there, it's because of it huge potential, that's why we are investing in it believing that it can change our financial status forever on the longer run, not that we are 100% sure of it.

I doubt that it is fair to proclaim that bitcoin is as risky as other investments, yet we still have to attempt to prepare ourselves for the various kinds of risks that are in our control (such as execution risks) and the various kinds of risks that are outside of our control (such as some macro-happenings - or even potential flaws in bitcoin or flaws in how it interrelates with other macro-monetary and/or asset systems including human behaviors that are involved).

You can look at bitcoin's various risks and still come to conclusions that bitcoin is amongst the best, if not the best, risk adjusted place to put time, energy and value, yet at the same time with your own execution risks, you have to figure out your own challenges in regards to how aggressively you can (or need to) invest into bitcoin without over doing it and recking yourself. You have to figure out your own balances, and most likely you will make various mistakes along the way, and most likely you will have a lot of imperfections in what you do and even in some of your thinking or the ways that you talk about it, yet at the same time, if any of your mistakes do not end up taking you out of the game or severely sending you back, you likely are able to tweak your various bitcoin accumulation systems, cashflow systems and even emotional management systems so that you correct your previous flaws by tweaking them rather than by throwing them out completely and trying to start over or to make bad judgements by acting too rashly in regards to some mistakes that you likely are going to make along the way.

I have had plenty of mistakes, and sometimes I dwell on them and even beat myself up a bit on them, but in the end, I try to figure out ways to go forward and perhaps make some adjustments to account for the mistake, or to attempt to lessen likelihoods that the same or similar mistakes will happen again or maybe to make the impact of the mistakes to be less severe if they were to happen again.

Of course, another thing that we can say when bitcoin is a great asymmetric bet to the upside (perhaps one of the best asymmetric bets to the upside available to all people around the world?), which likely means that the most that we can lose by investing into bitcoin is 100% of what we invested into bitcoin, but we have great upside potential which causes bitcoin to be a great place to put value (including time and energy), including that we do not need to go crazy in terms of the amount we invest into bitcoin to add additional risk or to leverage our bitcoin investment, and we can still end up having decently good chances of doing quite well by having had built and preserved bitcoin even under a variety of scenarios that might not be the most bullish results that were possible.

So we can invest into bitcoin according to our understanding of its asymmetric upside potential, and invest in a way that we know that we are still going to have bitcoin 10-15 years down the road when we might well want to consider transitioning from the accumulation of bitcoin and perhaps into more of a maintenance status and then perhaps later we might start to transition towards sustainably withdraw from our bitcoin investment which would be withdrawal amounts that are small enough that our bitcoin continues to grow (or maintain its value) and perhaps we might either be able to live off of our bitcoin completely or to otherwise supplement our lifestyle from our bitcoin investment as long as we still have our bitcoin and we have built and protected our bitcoin sufficiently well through the years.

I like the contribution that you people are making here especially the contribution of Sir JJG in regard to young people. However, young people especially those they don't have good career are face with so many challenges that requires smartness, determination and resources to train themselves and acquire skills and knowledge that will enable them to be able to get some income. But one of the problem some young people are having is that they undermine the power of little begining, they want to make it big before thinking investment without knowing that they can start making discret investment in Bitcoin by DCA with the little resources they have and by so doing with good planning, patience and consistency they will possibly have good starch of Bitcoin in the future that will give them good income.