Post
Topic
Board Trading Discussion
Re: JJG's Bitcoin Investment Ideas (Sustainable Withdrawal / Portfolio Maintenance)
by
SmartGold01
on 01/07/2025, 07:11:42 UTC
...Then just invest on Bitcoin money that you don’t have special allocation on it so that you will keep your finances normal even if a financial problem arise. As already pointed out by JJG, people frequently invest all their money for the sake of profit even though it’s allocated for something important.

A salary earner who invests all their money into Bitcoin for the sake of profits is not a real investor, the person is a trader trying to double his income with the idea of Bitcoin investment but it's a wrong move that would backfire since Bitcoin is a long-term investment opportunity, I mean that the person would be forced to sell at some point especially if he's one who earns on a monthly basis. There's a reason why Bitcoin investment is best done with discretionary funds, cause at that point you've already separated the funds meant to essential expenses from that meant for investment, but going in to the market with all his salary for the month especially if he's yet to meet his target or invest for a decade or atleast one complete circle, would force him to withdraw from his portfolio to solve his essential needs.
Of course that is correct.
you know nowadays people only focused and channels their all their salaries into investment or what they presumed or assumed to give them possible amount with the next few months of their investment or weeks there about without them knowing that there principles and guideline to use before becoming successful in their investment.

Before investing all his monthly income on investment there is also needs to have at least another source of income, I mean they should have multiple stream of income to allow their yield something attractive, and the other source have to be for their emergency, discretionary or such as cushion to serve as support to him when their needs arises, but depending online in bitcoin could cause them heart attack which would make them losing interest and also feeling disappointed when the said profits aren't coming so quickly as they expect.

Instead of such methods of investment, it would be extremely important to always apply the DCA methods which they can allocate some percentage of their salaries to invest, and also the next month they will still top up gradually as the year progress, and you would see that before the year could run out he would end up having sufficiently enough in their balance.