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For a new investor to be successful in his Bitcoin investment, he must approach the market with a long term plan while understanding the key factors in Bitcoin investment which is consistency, patient and risk tolerance. The more quantity of Bitcoin an investor can stash matters a lot because that is his main goal,to focus on accumulating more bitcoin consistently into his portfolio with DCA while building his Emergency funds simultaneously. Emergency funds is kept for real time emergencies or unforseen occurrence,so as to help him not to tamper or sell parts of his portfolio when he needed not to. The market can be volatile and sometimes unpredictable,a long term plan is considerate as the right approach for a new investor because you he doesn't need to bother any more with fluctuation of prices of bitcoin as he is already on a long term plan to invest and to Hodl for a substantial period of 10years and should only be focusing on his accumulation pace until he reaches his desirable accumulation target.
In recent times, I have been thinking about ways to attempt to characterize what might be an adequate amount to invest into bitcoin, and surely anyone who might have had gotten to a place that they had invested a year of their income (or even a year of their expenses - which would be a lower number) into bitcoin, then surely they have dedicated a quite a bit of investment into bitcoin... and it could take a person 4-20 years to reach such levels of investment into bitcoin, and the person who invests only 5% of their income into bitcoin will take 20 years to have had invested 1 year's income into bitcoin, while the person who invests 25% of their income into bitcoin will have had achieved putting 1 year's of their income into bitcoin after 4 years. Of course, not everyone is capable of putting 25% of their income into bitcoin.. yet we can see that if someone has more discretionary income (such as a higher percentage of their income is discretionary) then they will likely have more abilities to reach a point of being able to have had invested a whole year's income into bitcoin sooner than the ones who have lower percentages (or amounts) of discretionary income.
You are correct Sir JJG for me I will say the more sacrifice you make the more you will achieve, there are some set of people who have decided to use 40 percent of there discretionary income into Bitcoin and there are also some people who have decided to use 80 percent of there discretionary income for Bitcoin accumulation this two set of people made different sacrifices those that used only 40 percent of there discretionary income wanted to try other things and to have fun a little whereby those who used 80 percent of there discretionary income sacrificed more by denying there self's some things that the other person enjoyed, and those that used 40 percent only can take 8 years to achieve what those that used 80 percent achieved in 4 years so the larger your percentage the Shorter your journey and the smaller the percentage the longer the journey. So it all depends on what you want and what you can cope with.
Yes the more sacrifice you make the more one will achieve but sacrifice is not about how big or small but rather what matters the most is how well and perfect you are doing the sacrifice, are you sacrificing the right way? Are you following the principles? Because almost everything in life has protocols or principles one ought to observe before the result will be achieved. Someone can be using 80 percent and yet someone that is using 40 percent will do better and have good return and a successful investment than someone that is using 80 percent.
JJust because you invest 40% or 80% doesn't mean you will be a successful investor. Investing 80% of your disposable income is very aggressive investing. Try to invest with the amount of money that is left after deducting all your expenses. The Bitcoin market is very volatile and no one can ever tell what will happen in the future. But long-term investments have a much higher chance of success.
You can invest with the amount of money that is left after deducting all your personal expenses and
I would like to advise beginners to invest 5% to 25% of their income.You have to decide for yourself rather than given such advice, everyone stand in position to determine the percentage of their income they will suitable for them to invest based on their own personal circumstances including their cash flow, risk tolerance level and investment goals and objectives if agree that Bitcoin investment is not a competition but a race anyone should run in their own lane without looking at others and who comes first.
I agree with you on this one, because advising newbies to invest 5% to 25% of there discretionary income, for me I don't see it as a good advice, and beside everyone stand in the position to decide for themselves the percentage that will be suitable for them to invest in bitcoin base on their investment goals, cash flow, Risk tolerance level and their own personal circumstances, less take for example now am working with a company and my income is Very high and am going get due for retirement, less say my retirement is in the next 5 to 10 to come, and my investment goals is to build a nest egg for retirement, how do you expect me to achieve this my investment goals if am only investing 5% to 25% of discretionary income? So what are my trying to say decide the percentage to invest in bitcoin is personal, because everybody's plans are not the same including Risk tolerance, cash flow and investment goals.