If talking about the issue of agreeing or not, of course I would also prefer to make regular purchases without having to make aggressive purchases so that we still feel comfortable with the purchases we make and do not feel burdened by it but in the end if someone really wants to do aggressively then as long as they are able to why not, but that does not mean all have to do that.
The key is back to finance because after all we have to measure the capacity we have in this case especially for investment matters because this is not just a toy to save money but there is hope that with the investments we make now there is hope that we can get optimal results in the future from the results we get from what we sowed before.
In the end, we are not necessarily going to agree how aggressive a person might want to be, and surely the level of aggressiveness is always within the scope of the person to figure out how much he wants to balance his investment into bitcoin versus various other competing places he can put his money in regards to current consumption and/or even other investments and/or having some assurance that if he invests less aggressively, then he would be able to keep more cash in reserves. There is no exact correct answer, yet anyone could end up considering that he is merely being aggressive, and then he ends up overly doing it. No one is going to rescue another person when he has made the mistake of being overly aggressive... so you could be correct that it might be better for some folks to make sure that they are not being overly aggressive and perhaps even having some extra cash cushion available so that they are less likely to end up being overly aggressive.
Otherwise there are some folks who choose to be less aggressive about bitcoin because they are not sufficiently bullish about bitcoin, so they end up erroring on the side of keeping extra cash. These are somewhat individualized choices, yet they likely could have pretty major differences in outcomes for the person who could have had invested $100 per week, yet he chooses $10 per week because he wants to keep extra cash available for other priorities that he has.
True, because everyone has their own views in this matter so that surely in any case including in the method of purchase made everyone has their own stance and it becomes a fairness because everyone must have their own buying scheme so that we cannot assume that agreeing or disagreeing with something becomes a benchmark because in the end this is again just a choice in the end and
we cannot assume we are right and others are wrong and vice versa because everyone has their own considerations according to the conditions and circumstances of their financial aspect which includes all aspects of income, expenses, reserve funds, funds for investment etc.
I am not going to concede that others might be right, yet I will concede that they have to decide for themselves and live with the consequences, and any choice they make is theirs, so they are responsible for their choices and the consequences of their choices, which likely if they are not investing into bitcoin they are not correct.. but that is there choice to be wrong.
But whatever it is actually will not be a problem if we can accept each other including in terms of input and criticism especially if the goal is to perfect our shortcomings then I think all will be a good thing because indeed our goal is to argue with each other here to make our views broader from all aspects in order to make the investment we do run as expected.
Some consequences will be a problem for some people, but they are the ones who have to make their choices regarding what they are going to do. People who do not invest in bitcoin are likely going to end up way more poor as compared with people who invest in bitcoin, and there are consequences in regards to being poor or less poor.
There will be a lot of people who are like your example but sometimes people who usually do that try to take a deeper approach like saving about $10/week or even more but their goal is to try to collect more consistently for a long time. This is most likely based on the reason that sometimes they try to do this so that they are less burdened and minimize if in the future they are in a bad financial condition they can still strive for that consistency because $10/week is not too burdensome.
I was describing a person who is capable of investing $100 per week, but purposefully chooses to ONLY invest $10 per week. Yes, they can use the $90 per week for other purposes, but it is still likely going to have consequences, and it is their choice regarding how to spend their money, and we still might tell them what we think would be better, but yeah, in the end, they have to make their own choices.
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.
There is a length an investment can go and it becomes an overstress investment because the budget has become too long to still hold the longing of an investor towards it because five years of Bitcoin investment has it advantage, ten years also does has it own advantage and twenty years but looking at the motivational aspects the disadvantage of five to ten years is very minor compare to the twenty years because the early we have the budget to hit the more eager for the investors to be there but when is too long the investment will start be coming very uninteresting and there will no be urge for consistency, though not for all but for some people.
I am not sure if you are describing the dynamic correctly, since of course with any investment it will take some time to build it up, and so then once it is built up, there will be less incentive to keep adding to it, especially if it appears that the amount added starts to become way smaller than the overall investment size. So the investor might start to become less interested in adding to the investment since it mnay well feel futile to add to the investment when the size of the investment starts to seem so large relative to the amounts being put into it on a weekly basis.. .. and BTC price appreciation can mislead guys into thinking that they had put enough in or to become more apathetic in regards to adding to the investment.
Some guys also get mislead into selling, so they lose focus, and/or maybe they never even really knew why they were supposedly investing into bitcoin. .so if they are not really sure about the strength of bitcoin's investment thesis, they will also get mislead into selling bitcoin rather than merely holding it and/or continuing to accumulate it.. whether DCAing, buying on the dip or even lump summing into bitcoin from time to time (when money comes available).
Hello guys, I’m new to the thread and I want to understand more about buy buy or sell sell , I want to know more about buying and accumulating Bitcoin, I will be glad if you guys can help and reply or give answers to my questions
Thank you .
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Sorry for my late responses, I would have replied you earlier before now but due to tight schedule I couldn’t reply at the appropriate time, below are my answers to your questions
No I haven’t bought any Bitcoin
Yes I do have some other investment that are part of my financial strategy. As for debits NO I don’t owe any debts , expenses are just the regular expenses which includes the usual necessities like housing, food, transportation and my investments which I’m working on optimizing my budget to achieve my financial goals
From the look of things you sound like a person who is good in financial management. I also love the fact that you owe no Debt because a good investor must make sure they settle up their dept to be free from circumstances that will shift there focus on Bitcoin investment. Because Dept is one factor that slow down Bitcoin investment.
A person does not need to settle debt prior to getting started investing in bitcoin, yet of course, any good financial management will account for how any debt might need to be paid off or if it might be at such a rate that is sufficiently manageable.
I do not have steady income and yes I’m expecting my income to change .
Yes I am aware of my discretionary income and I try to manage my finance accordingly, I prioritizes essential expenses and them allocate my remaining income towards savings , investment and discretionary activities, and yes it Varys .
It is good to prioritize your essential expenses but should also figure out Way to set some fund aside for Bitcoin investment since your source of income is not a steady one. Guys who have an epileptic source of income usually figure out ways to invest as little as they can afford to lose. It may look so difficult but if you can be saving as little as $10 into Bitcoin weekly or $30 once in month will make a sizable amount in the space of 10 -20years time. In Bitcoin investment we dont invest in a way it will affect our financial system.
Whether our income is steady or not, we need to make sure that we are investing into bitcoin from within our discretionary income... so yeah, if it is questionable about whether we have any discretionary income to invest, then we may well want to error on the side of not investing into bitcoin until we are sure that we have discretionary income available to invest or discretionary income that is soon going to come in... even though sometimes, I personally don't want to actually spend some tentative income until I am sure that it has actually arrived in my bank account (or otherwise in my possession).
My investment time is less than 5years for growth,stability and wealth accumulation.
I doubt if this timeline of 5 years will be profitable as you think. I guess you should be more realistic in terms of timeline. 5 years is just a circle and 1 year meaning ylthat you make not get a reasonable amount of BTC within those period.. think of 10- 15 year and at most 20 to 25 years interval but your age should also be considered before chosing the timeline. Yeah some guys may decide to invest into Bitcoin for just 6-7years due to health issues. But you should consider the the reason for your investment timeline before investing.
I agree that we should be attempting to be realistic in any investment timeline that we have, and if we are not being realistic, and creating unrealistic timelines for ourselves (such as anticipating that we are going to be rich in a short period of time), then we are likely setting ourselves up for failure based on our creation and maintenance of unrealistic expectations. Surely, if we set our timeline 15-25 years or more into the future, then for sure, if we are able to meet several of our targets early, then we benefit from our having had overdelivered on our expectations rather than setting high expectations and underdelivering.
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There is a length an investment can go and it becomes an overstress investment because the budget has become too long to still hold the longing of an investor towards it because five years of Bitcoin investment has it advantage, ten years also does has it own advantage and twenty years but looking at the motivational aspects the disadvantage of five to ten years is very minor compare to the twenty years because the early we have the budget to hit the more eager for the investors to be there but when is too long the investment will start be coming very uninteresting and there will no be urge for consistency, though not for all but for some people.
I have seen that the prices of Bitcoin have risen tremendously in the last 1 decades However, in the case of the price, a large number of courtyards can be seen again You can hold Bitcoin for at least 2 cycles if you want I think you should invest some of your original wealth in Bitcoin in holding Bitcoin for 20 yearsLong your portfolio in small size. Investing small numbers using the DCA method can be a safe strategy to invest in a long period of time. Which will help reduce the average price in your market fluctuations.
There is no barrier to Bitcoin investment, you can continue to invest with a little money In the long run you can invest in Bitcoin every day in your income (10-15%) And the rest of the money can be left in the shares bond, real estate and any That way you hold your long day bitcoin You can continue the journey.[/quote]
You might be correct that if a person comes to bitcoin with a variety of other assets, such as personal property, stocks, bonds, commodities and/or cash equivalents, then sure maybe he could keep some or all of those investments while he is focusing on starting to invest into bitcoin. There is not necessarily any need to invest in other assets besides starting out managing bitcoin and cash, especially for someone who is new to investing and who might not have any other investments at the start of his/her bitcoin investment journey.
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.....So if you have more funds, please put it in bitcoin, but you also have to manage the risk, don't put your eggs in one basket. If all this can be understood, holding bitcoin in the long term will also feel safe. So, buying and holding until you get maximum profit is the right strategy.
First: I hope you are not advising diversification for newbies or even folks who might ONLY have a few investments at the time of getting into bitcoin.
Second, your suggestion that holdings leads to maximum profit seems problematic, since the framing of a long term investment in terms of maximizing profits sounds like a trader who is ONLY investing because of the "profit" angle. With investing there seems to be a bit of a different mindset, and surely it seems that one can keep building up his bitcoin investment and/or any other investment, until he considers that he has enough of that asset or more than enough of the asset. Beginner investors might not know how to valuate their bitcoin holdings in order to know when they have enough or more than enough, yet I would think that after building a person's investment for a cycle or two, the size of the bitcoin holdings will start to inform a bitcoin holder (stacker) regarding the extent to which continued accumulation is preferable or if maybe some tweaks in the methods might be preferred.
Of course, based on your own time on the forum, you may well have had been accumulating bitcoin for more than a cycle and maybe even two cycles, so I would imaging that you are influenced by the size of your stash more than the extent to which it is "in profits" or not, but sure, it could be that even after 8 years registered on the forum you have not figured out that the "profits" angle is not really a good motivating framework even though many of us do like to talk about our profit levels, even if those profit levels might not be truly motivating us in your BTC management.