Another advise I may like to add is before someone goes into an investment, he or she should invest with purpose, let there by a target before you go into any form of investment.
For instance, one can decide to go into investment with the purpose of building a home or securing a better future for your kids or to invest the capital into a different stream of income. The moment such intention is made, the next phase will require you to set your portfolio for it, have the number of months in mind eg. 73 months, then set it's calendar and begin to tick each and every month passed. I think this will enable many people to stay consistent with their investments. Also give window for more investment, don't just be static on a $50 example, make it more flexible to increase the budget to like 100 or more but $50 should kinda be your threshold. It is possible that you will hit your target before the duration set and make extra funds for other things and in the event, bitcoin shoots below the projected target, you will be able to strike a balance. There should be more education on this especially from..experienced expertise like @JayJuanGee sir.
You shouldn't be building up your bitcoin portfolio in order to build a house but rather see it as a necessary lifetime investment that you need in the future to use and multiple your wealth and if possible pass it on to your heir.
You are right actually, we shouldn't be building Bitcoin portfolio in order to build house, but should be a fund for future porpose. Maybe for retirement or to pass it as inheritance to our generation. Although from his statement I see that he mentioned
securing a better future for your kids, that mean he is correct in that aspect. Bitcoin investment is done from our discretion, i.e Left over fund. why building of house should be done with our savings or from reserved fund and not what to save for the future. For example a person who recieve $2k every month may decide to set aside fund for family or regular expenses, reserved, emergency fund including the one for building house. Although any of the above fund set aside can be used for building of house except for the discretion fund. So the remains will be used to invest in Bitcoin for the future, so there is no how a person will invest in Bitcoin for the porpose of building house. Even though there may be possibilities to build house in the future from his portfolio, but that will come as future plan and not initial plan.
If you plan to set a target in order for you to accumulate and build a house, what if you build the house and empty your portfolio. Your house wouldn't give you the kind of profits that your bitcoin investment will give you in ten years after you have sold your house. It's not a good decision to sell all your bitcoin after you have spent a very long time to accumulate and build your portfolio, and you will become a no coiner.
Surely it's not good to sell all the Bitcoin in our portfolio to build house in the future. Although building of house is another type of owning an asset or another form of diversification but we shouldn't overdo it. We should be wise on how we spent our Bitcoin in the future so that we don't end up fucking up. If the amount used to build the house is a shaved off amount that doesn't touch our investment then there is surely no problem. For example if we have %100 of Bitcoin investment and %5 to %10 is used for the building of house then there is no problem because there is a possibility that in the future you will like to build a more standard house or sell the old one and build a new model one to make life easier for yourself. The point is that we invest for future purposes, and that could one of that. And we can't deny that we don't enjoy good thing, but we should just be careful that time because any wrong move can ruin our long years of investment and that will lead to an everlasting regret.
Bitcoin investment should be seen far above building a house, Bitcoin appreciate with time, just as you are seeing it in the price to day of $117, few days ago it was around $106-108, you can diversify into other investment in other to create more wealth for yourself than just building living house, after being depreciated or out dated you build another house .
Investment is also one of the good things in our lives in as much as it is profitable to us like Bitcoin, we even enjoy our lives the most from Bitcoin, we are not saying you should use all of your invest to have another source of income or investment, when you have reached your target, you use part of it not all so that you can still continue to accumulate and not starting all over from being like a low coiner.
Enjoyment is good no doubt, but the success of your future for your kids or at your old age matters a lot, having good investment like Bitcoin in your latter days gives you more enjoyment,joy and peace of mind .