Quote from: Gost ms on Today at 03:27:08 AM

Quote from: Sonia_123 on April 30, 2025, 11:33:55 PM

Quote from: Bitcoin.com97 on April 30, 2025, 10:29:35 PM

That is the reason why I’m here , to be guided , enlightened and get more knowledge on how to go about it,I’m just a beginner and I have heard these 5years mindset but just as you that five years investment won’t help me accumulate good size of portfolio , with that I have gotten a good information again which will enable me invest a long term so I can achieve my desire goals, grow and get a good value of Bitcoin.

If you feel that 5 years will not be enough for you to accumulate Bitcoin, then you can extend your number of years you wish to accumulate your Bitcoin in as much as you have a steady cash flow that can back you up in your journey, there is no specific time frame for Bitcoin accumulation, that is why it is good you go into long-term investment, like let's say 10 years -20 years or more depending on how long you want it to be so that you will have reasonable amount of Bitcoin in your portfolio in other to have good profit at the end of your investment circle.

In many cases, people who have been investing for less than 5 years can be considered new investors. It takes a long time to accumulate Bitcoin in particular. Their investment depends on how much dollars they are investing weekly or monthly, how much Bitcoin their portfolio has accumulated. I think a new investor should invest based on their stable income, such as 5% to 25% of their stable income.

I don't share the same thoughts with you buddy because it is not a good bitcoin investment practice, I believe bitcoin investment should be done from your discretionary income and not your stable income as a whole, because it is advised you take care of your expenses first and use what remains of it(discretionary income) to buy bitcoin and build backup funds. The percentage should be on the discretionary income and can be increased to 60 or more for aggressive purchases.

If you base your consistent purchase on your stable income as a whole, then there is a possibility of oversight and you may likely invest money meant for your expenses into bitcoin, then end up being overly aggressive and suffer the consequences which might even get to the point of liquidating part of your holdings to sort out expenses. On the overall, it is not a good cashflow management practice and may not be sustainable.