I think the first thing an investor should do is identify if he has discretionary income, then if he does, he sets an accumulation target and identifies how much he would allocate into buying bitcoin consistently and how much goes into building up his backup funds. Additionally determining his long-term holding period should be among the first things to be done.


Holding is good, but I think continuity in accumulating bitcoin is very much important and it can make holding more feasible. As long as you are holding, you should be enlarging your portfolio continuously until you reach your accumulation target and even get to over accumulation status, if possible still within your holding period.

The investor actually wastes his opportunity when he sells in panic and worse still if he sells in loss, then he wasted both opportunity and money. Nothing beats long term investment into bitcoin, maybe erring investors can learn better and stop wasting this golden opportunity to secure their financial future.

Each of us is still responsible to figure out the good from the bad information, and sure many of us are vulnerable in terms of hearing what we want to hear and not necessarily engaging in sufficient/adequate due diligence.. including figuring out how to manage our cashflows, which is likely amongst the most important of things to figure out in the beginning of investing into bitcoin.. and we don't even need to have our cashflow management figured out at the beginning, since we should be able to figure out the details as we go, including our getting started investing in bitcoin, even with a mere $10 per week. .and then perhaps figuring out the extent that we might be able to increase that down the road to $100 per week and/or more dedication towards allocating more of our time, energy and/or our monetary value into investing into bitcoin and assuring that our cashflow management systems are sufficiently shored up (including our building and maintaining various kinds of back up funds).


I doubt that Saylor is a good example for regular people who need to tend to figure out how to manage their money and to stay within their own personal financial and psychological limitations.

Sure, Saylor show why to be bullish about bitcoin.. yet not too many folks are going to either start out at that level of conviction about bitcoin, and also there are not too many guys who are going to have anything even close to Saylor/MSTR's financial means and likely various resources (and already built-in experience and intelligence too).

Guys can get themselves into some BIG ASS troubles if they are trying to unrealistically model themselves after Saylor/MSTR rather than attempting to be more realistic within their own financial (and real world rather than fantasylandia) circumstances.

I largely agree with Gost ms in terms of both the existence of a learning curve in regards to bitcoin investing (and especially cashflow management) and that experience tends to be one of the best of teachers, even if we might be both engaging in experiences while trying to study the space (and our own financial/psychological circumstances at the same time).

By the way, I get quite skeptical when guys proclaim things to be "as simple as that" since even very basic practices can have a variety of ways in which things can go wrong, even if many of us likely already hold quite a few of the basic skills and/or perspectives, such as various basic math skills and even basic common sense skills.. yet at the same time, even if we possess the basics, we could well end up getting tricked into making mistakes if we come at bitcoin investing and cashflow management as if it were simple, basic and not in need of reverence, humility and respect. 

Each of us has to figure out these matters, including sometimes not even realizing some of our own weaknesses until we are put the the test of practicing our skills over 1-2 cycles or even longer. .and surely if we are paying attention and trying to tweak our practices to improve ourselves and our techniques, then likely we can get better and better and better over the years of application and practice, yet we are not just going to know our limitations without practice, and even folks who come to bitcoin with years of related financial and other life experiences could end up screwing up their approach to bitcoin investing and their cashflow management if they presume that everything is simple and presume that they already know everything that they need to know.  From my own perspective, there surely is a lot of value in regards to trying to remain humble and recognizing/appreciating that there are a variety of ways that we can end up screwing up, even when we think that we have everything under control and properly hedged in accordance with our own financial and psychological circumstances.


I largely agree with your various points Sticky Bomb, including that there is value in regards to trying to outline our various goals and even to circumscribe a going forward method, yet I doubt that anyone is going to end up being so rigid as to establish a plan or to be able to figure out his goals and then to be able to stick to such path, especially since there may be a lot of things that we don't really know in the beginning, so we are acting and setting our targets with ballpark ideas in regards to the direction that we would like to go and maybe even some potential timeline in which we would like to get there.. yet at the same time, there tends to be quite a bit of lack of rigidity in our being able to calculate everything.

Let's say, for example, a guy is in his late 20s and he is planning on investing into bitcoin fairly aggressively with between 15% and 25% of his income, so he anticipates that after 4-7 years he would have had invested 1 years worth of income into bitcoin, yet at the same time, he is not completely sure how bitcoin will perform and he is also not sure about his ability to sustain his income based on various expected changes in his life in the next 4-10 years and beyond, so maybe he has around a $25k per year job, and he is tentatively thinking that he will be able to increase his income in the next 4-10 years (such as doubling it), and he is also tentatively thinking that the value of his income is not necessarily going to rise, even if he is able to double his income in the next 4-10 years, so he is tentatively thinking that by the time that he reaches his target he is likely going to need to support a standard of living of about $80k to $100k in order to either be at his same standard of living and maybe to advance slightly from his current standard of living.

He already anticipates that as he goes, and as the years go on, he is going to need to adjust based on knowns, known unknowns and even unknown unknowns, yet he is still going to ballparkedly plan with expectations that he is going to need to make adjustments at various points along the way that will also attepmt to incorporate anything that he might learn along the way, including adjusting to any mistakes that he might well end up making along the way, too... He actually expects that he will be making some mistakes along the way, even though he is trying to plan and to execute in such a way to minimize the quantity of his mistakes or the severity of any of his mistakes.


I agree with everything that you said Lembo69, except you seem to have a traders mindset if you are thinking in timelines that are only 2 years-ish.

You talk about investing for this cycle, and then you cannot even come to any realization that a cycle is 4 years in order to help you with a logical conclusion that a minimum of 4 years holding time would be required to get through a whole cycle. .and many of us also proclaim that each of us should be investing with money that we can afford to lose, so that we might never need the money (or that we are willing to take the chances that we could end up losing the money that we had invested into bitcoin.

But, yeah, of course, each of us likely should remain prepared that we could lose all of the money that we invested into bitcoin, yet there still may well be an anticipation that we are potentially wanting to start to withdraw from our bitcoin in 4-10 years or further down the road.  Many times I suggest that the only reason that we might consider our investment timeline to be less than 10 years would  be based on health and/oir age considerations.

Something seems wrong with your thinking if you consider minimum investment timelines that could go as low as 2 years... since from my perspective, anything around 2 years or even less than 4 years would be trading (gambling) rather than investing.. so it seems problematic to describe any less than 4 year timeline as if it could be considered investing rather than trading (gambling).


You make a couple of decent points Finebone; however, you seem to be creating extra requirements on guys prior to their being able to get started investing in bitcoin.

What is wrong with getting started in the buying of bitcoin (right away and as soon as possible) based on having some discretionary funds available, even if that available amount might ONLY be $10 or $10 per week or something like that... and then as such person is getting started buying bitcoin, can't he work out the various details about his cashflow management and/or other aspects of his investment plan and timeline for investment as he goes rather than having some studying requirements and/or income requirements that he supposedly needs to fulfill prior to getting started?


I think that you are correct Joy- maker in terms that there continues to be some faith that is present with the ongoing investment into bitcoin, yet I cannot see how you are contradicting Finebone's assertion that faith is likely not going to be very valuable without at least some amount of work to accompany it, whether the work is merely thought process and logical or perhaps various preparation actions that some of us might have to take prior to our developing some meaning behind the faith that we have in regards to bitcoin.

I cannot really go back in my own memory regarding how my faith and/or conviction in bitcoin had developed prior to late 2013 since I cannot really recall the extent to which I heard about bitcoin prior to around October 2013.  I recall that I had bookmarked a bitcoin related website in my web browser in around October 2023, and I am pretty sure that I had heard the word bitcoin prior to October 2013, since I can recalll the context of seeing the term bitcoin, I had already had some impression of it, but the impression was merely that I felt that I needed to look into it further, and that was the reason that I had bookmarked the tab in the first place..

By the way in October and even going into November 2013, I had been researching into other investments, and I was specifically looking for some kind of an investment that would be a hedge against the dollar and something like gold, yet I did not like what I had found related to gold in terms of paper gold and fees for moving physical gold around and figuring out how to source physical gold, so then when a person in another discussion thread had told me that he had gotten quite rich off of bitcoin between late 2012-ish and late 2013-ish, I thought that the guy did not know what he was talking about because he was so young and he seemed to have had been merely guessing, yet at the same time, my interaction with the guy stimulated me to go back to the bitcoin page(s) that I had bookmarked in my browser...and so then, as I read through that bookmarked page (that had several sub-references), I was already convinced that I needed to get started and to figure out how I was going to source my first bitcoin purchase(s).. and so for me, I was already receptive to getting started and even formulating a 6-month bitcoin investment plan since I was already in the process of looking for an investment category that I thought would complement my other already existing investments.. and surely I did not need a lot of convincing to get started, and I had also considered my first 6 months investing into bitcoin as a trial period and that I would be employing a tentative buying plan (that was largely DCA) while studying the matter further and reassessing the situation after the first 6 months of trial.   So faith can be composed of a combination of thoughts and actions and even the reinforcement of the thoughts and actions with the passage of time, yet at the same time, if there would be contrary information coming out, then that contrary information likely needs to be considered.

I doubt that guys who came to bitcoin 4-5 years before me were necessarily in any different position from me, except that they would have had even less of a track record than the track record that I saw in bitcoin in late 2013.

There are many investors who decide to sell their investments even after getting a small profit from their invested money. In my opinion, they are not investors. They are traders. The first thing an investor does is to be patient. And to hold the investment for at least 2 cycles from the cycle in which he is investing. If someone sells the investment after getting a small profit from it, then he has nothing to do but regret it later. The longer you hold your investment, the more profitable you will be.

No investor ever wants his money to go to waste. So they decide to sell the investment in panic due to excitement, they think that their money may be lost. But if he can immediately decide to hold his mind firmly, then he will be able to profit.

You're absolutely correct. It really doesn't necessarily require a deep understanding or in-depth knowledge to get started with Bitcoin as a lot of Bitcoin enthusiasts may feel, which of course has restricted them actually getting started immediately. Having a general knowledge of bitcoin alone (which also includes its volatility) and of course a discretionary income is enough start-up kit to get started in bitcoin investment, yes there are other essential things that one may need, such as the emergency fund and other backup funds, but these could come after you've started your accumulation journey, you can be accumulating your bitcoin and building your emergency/backup funds simultaneously. It's even much more practical to start your accumulation journey first and learn every other thing as you proceed, rather than waiting for to first have all the knowledge, because you'll get the chance to try it out on your ongoing investment and know which strategy works for you and which doesn't.

I've never really thought about Bitcoin in the context of personal budgeting but I feel it's actually a smart approach. Guys should also prioritize taking into account the emergency fund, reserve funds and also one's overall financial stability.
Now, regarding the right investment strategies, starting one's accumulation journey with a weekly and/or regular amount can indeed be a pretty great way to build discipline and also reduce the impact of the market's volatility. Then as you proceed with your investment and have gained more knowledge, experience and even confidence, you can now choose to front load your investment or possibly make necessary adjustments in your strategy to align your investment strategy more with your personal financial goals and risk tolerance.

The purpose of these whole thing is to emphasize on the importance of starting one's Bitcoin investment as soon as possible and also to try as much as possible to remain consistent. It takes a lot of time to build a significant bitcoin stash, even with a regular investment amount of $10-$100 weekly. One can potentially benefit from the long term growth of Bitcoin is they start accumulating early and also be patient with their investment.

You make some decent points inearth, yet I doubt that so many things are required before investing into bitcoin, beyond just having a general idea of bitcoin.. perhaps number go up and volatility and no guarantees...

yet the main thing to get started investing into bitcoin is just to make sure that the person has a discretionary income and they can (and probably should) get started right away, and they can learn about the various things that you are presenting as they go, to the extent that they need any of them in specifics.  A lot of times guys need to think about bitcoin in personal budgeting kind of ways, such as considering their 9 individual factors.

Get started investing into bitcoin as soon as possible and learn the details as you go.  It takes a long time to build up a bitcoin investment, even if guys might be investing into bitcoin more than $10 to $100 per week.  I would not necessarily recommend starting out with a lump sum, yet if a guy might spend 2-4 weeks studying bitcoin as they are investing their weekly amount, then maybe they might become convinced that they might need to front  load their investment into bitcoin from money that they might have in their other investments, savings or from somewhere that they are getting the lump sum monies that if they had authorized buying bitcoin then they would consider three ways of buying BTC  1) buying right away, 2) DCA and/or 3) buying on dips.. They also may need to consider their back up funds such as emergency funds and/or reserve funds, and their emergency funds should be at least 3 months of their expenses, and potentially grow at similar amounts of the bitcoin investment in the event that the initial investment amounts into bitcoin might be less than 3 months of their expenses.

Yes, in Bitcoin investment, not panicking, investing regularly, maintaining financial management, and being patient in the market cycle are very important. However, along with these, another more important thing is to gain investment education and knowledge. Before investing, it is very important to learn about Bitcoin technology, Bitcoin market structure, influencers, and investment risks. There are many investors who invest only because of other people's words or hype, or sometimes out of greed. They themselves have no idea about the potential risks of Bitcoin technology and market structure. As a result, they panic and face losses when they see the market fluctuate.

Bitcoin is a digital asset that is vulnerable to cyber attacks. There are many investors who are unaware of wallets, exchanges, or security, which can make them victims of hacks or fraud. Therefore, proper security management and proper wallet use should also be kept in mind. In addition to all this, it is necessary to regularly monitor market news and global economic conditions and have regular knowledge about this. Specially new investors should carefully consider these issues before investing and then invest, so that their financial risk is less likely to increase.
 For this reason, equal emphasis should be placed on investment education, market analysis, diversification, cybersecurity, and mental preparation before investing.

It is important for a person to maintain his investment as well as to have financial management. If a person cannot manage his financial management properly then his investment is very risky. Because if he cannot manage his money properly then many things can happen that can lead to a lot of debt. So besides investment, having financial management is very important.

Even though the Bitcoin market is very volatile. You can never tell when what will happen. Although we cannot expect that it will suddenly make us Dhoni. We should always focus on buying and should never look at the price. Because if a new person looks at the price then he may get scared. Because the Bitcoin market is very volatile the market can go up and down at any time. So we should just keep buying

Even though we cannot count on or even expect bitcoin to suddenly make us rich, each of us shoudl be prepared for outrageous Upwaard scenarios that could end up playing out.

In 2015 guys who had largely invested by that time, ended up experiencing a 78x increase in their wealth between late 2015 and late 2017, and even though BTC prices corrected back down to $4k to $6k in 2018, these guys would have had still been 16x to 24x better off in 2018/2019, even accounting for the correction, and if they held onto their BTC since then, they would have continued to experience upward movements in their wealth even if they might have felt that they had not invested enough prior to 2015 so maybe they would have had continued to buy bitcoin at higher prices even with their profit levels from the earlier rise.

A similar thing is true in 2021, since if guys had largely accumulated bitcoin prior to 2019, they would have had experienced around a 16.5x price appreciation between early 2019 and various times in 2021, and even if they suffered through the 2022 fall in BTC prices, even at the bottom of the 2022 fall in BTC prices, those guys who had accumulated their bitcoin prior to 2019, they would have had still been more than 4x in profits.

There are no guarantees of similar upward price moves in the future, even though surely many of us can appreciate that bitcoin's investment thesis and even its potentials for upward explosiveness cannot be ruled out, which also continues to justify accumulating bitcoin as early as possible and holding it and maybe even continuing to accumulate bitcoin until a guy gets to a place of having enough bitcoin or more than enough bitcoin.

Actually, Bitcoin is not something that will suddenly increase in value so much, you may be wrong concept. Bitcoin will not make you suddenly rich. Investing can be a great progress for you if you can stick with it. I am saying that regular Bitcoin from discretionary income and occasional frontloading will show positive amounts in your portfolio according to the cycle. Depending on the market movement and demand, you should maintain a steady focus on your goal, have a backup fund and a floating fund for single buy during each dips season. If you hold two cycles, you may not get the expected results from Bitcoin and the possibility of being satisfied. It may be reasonable to have more than one more cycle in regular accumulation to fully enjoy the taste.

As an investor you don't have a any  business with controlling market movement I mean how do you even tend to do that, Bitcoin is a volatile assets yet with a great potential and so it choses and move any direction. Maybe you have forgotten that if actually market movement can b controlled, by now everyone would have become traders and everyone would have been making billions of dollars and that can not be possible. We have been advised as an investor to keep on accumulating Bitcoin and make sure to hold for a long period of time and should endeavor to use what we can afford to let go because Bitcoin is not a get rich quick scheme and while doing this, back up and emergency funds are very necessary because they are the backbone of our investment.

You have spoken well. Self-correction in Bitcoin investment is a hot topic. The main reason why many people lose confidence in controlling market movements is because they are not able to control themselves properly. Bitcoin is a long-term investment. It is important to keep this in mind. It turns out that the price of Bitcoin suddenly reached $200K or $300K, so you cannot decide to sell. You must wait for one or two cycles to pass. If you cannot hold Bitcoin for two cycles, then you will be deprived of the real taste of Bitcoin. Do not panic, but invest regularly with patience and also arrange to hold alternative funds to solve your current problems.

But do we really need to pay attention on what's going on in the market? Since I think people could just ignore the hype and fuds spreading situation since this will just add further stress to them.

I'd rather focus on my accumulation since I'm ready to buy whatever price Bitcoin reach since the target is to buy lots of Bitcoin and I usually don't wait for the dump since as I said that is stressful action to do.

People might get panic if they digest to much negative information about what's currently happening in the market. So better focus and for sure that you will not fail for consistently buying Bitcoin and add lots of volume on your portfolio.