Quote from: 9ja Amaka on Today at 01:05:34 AM

Quote from: JayJuanGee on July 19, 2025, 08:17:08 PM

[edited out]

Fair enough, I can agree with what you said..but I think still believe many folks throw around 100% of their discretionary income without a proper understanding of how disciplined they need to be over time. And yeah, if they got their basic need covered, and most importantly their emergency funds, savings etc. then putting all discretionary income wont be wrong. I can tell you that most folks dont even know what is discretionary income, they are only pretending to investing aggressively not minding the dangers of not settling every other thing when they get their income.

Well many times we go back and forth in threads and we might not be clear about definitions, and surely there can be ways that guys can figure out how to be as aggressive as they can without overdoing it, yet if they develop systems in which they are categorizing their funds, then they might get some better handle on managing their own finances.

Managing finances becomes even more important for any of us who might have had decided to invest into something like bitcoin for 4-10 years or longer and we might have goals to try to accumulate as much bitcoin as we are able to accumulate, but we do not necessarily want to make mistakes of overdoing it.

So, yeah, sometimes we might not agree upon the terms - even if we might not disagree with some of the objectives.. even though surely every guy has to figure out his own objectives, since he is going to be responsible for figuring out how much to invest into bitcoin and how to manage his cashflows, and if he ends up screwing up and he says that he was following some suggestions from the internet, then no one is going to help him out if he ends up not figuring out his own balances, and hopefully when we are batting around ideas on threads like this, guys get better ideas in regards to how to manage their own situations better and even in their sharing of their ideas and experiences, they can frequently help other guys to figure out their own establishment of boundaries... whether bitcoin investment amounts or boundaries in terms of how much to put into their various back up funds.

Sometimes we will also give examples, and I frequently like to talk about $100 per week invested into bitcoin, yet surely in nigeria guys might have to adjust that down to $10 per week or maybe $30 to $50 per week, yet that might not even be very good for them, if they are not considering the rest of their finances and psychology, so guys have to adjust the numbers to their own circumstances, and surely if they are brand new, they may well have to start out a bit more conservatively while they are getting used to buying $20 worth of bitcoin every week.. which can feel like a lot of learning at first, but then after a while they may well start to get used to it and better understand the various terms and the reason that we might want to break down our back up funds into emergency funds and reserve funds and the idea of float can also be something that is helpful to discuss.

And, yeah, when we talk about cashflow management, and there can be guys who already are doing it, but they might not use the same terms. When we talk about the needs to have better cashflow management because of bitcoin, there may not be experiences investing into something so volatile, so they have to get used to it, and even going through the experience to figure out how they are going to manage their temptations to sell too much too soon or their temptations to stop accumulating BTC when the BTC price goes up, even though they are still in their earliest of stages of BTC accumulation.

Quote from: 9ja Amaka on Today at 01:05:34 AM

Again, investing 5% to 25% of discretionary income might seem like they are playing it safe but if they are measuring that percentage to the actual income and not the discretionary income (money left after the basics), the its a different context altogether.

Of course, there are differences in how it plays out depending on which category is being discussed or considered. Guys might end up making mistakes thinking that we are talking about one category or framework and they misinterpret the framework, and so there still are needs for ownership and thinking through their plans to make sure that they understand the reasons for certain kinds of limitations, yet in the end they are the ones who need to understand and apply the limitations for themselves so that they don't end up overdoing it.. and surely there could be some guys who are very confused, yet if they start out more conservatively, then they may well be able to increase their level of aggressiveness as they become more confident, yet at the same time, they still could end up making mistakes, so it is god for the them to really practice and to even play around with some of the ideas until they really start to understand how to apply various kinds of practices that we discuss in these various bitcoin investment related threads...and yeah, of course, some guys come to bitcoin and they already have other investment experience, which should be helpful to them, but sometimes they can still make mistakes by trying to apply similar practices to bitcoin, which might not work out very well for them to misapply some of the concepts or even to think that they know more than the do merely because they have investment experience in other areas.

By the way, I recall when I started investing in bitcoin in late 2013, I had some interactions on a forum about bitcoin, and I had already had 20 years of investment experience at that time (yet all of that investment experience was outside of bitcoin), yet I still had to learn how to apply those things that I knew (or though that I knew) to bitcoin, and I ended up learning a lot from my experience after I came to bitcoin and adding bitcoin to my experiences, and even some of the kinds of ways that I applied things were different since bitcoin was a different kind of asset with various kind of ramifications throughout all parts of society and crossing over into many disciplines.. I feel that I am still learning various aspect of bitcoin and even bitcoin is not exactly staying the same, either. It is an evolving kind of a dynamic, and lots of the world is still just in their earliest of stages of learning about bitcoin.

Quote from: 9ja Amaka on Today at 01:05:34 AM

The truth is to accumulate 1 BTC is not so easy especially for people who are not rich.

Even rich people are going to have trouble accumulating 1 BTC, so it is way better to start with much more realistic goals.

Even a person who has and ability to invest $200 per week into bitcoin starting now, may well not even reach 0.5 BTC after 10 years of investing. So guys should start with goals that are realistic and achievable to their own circumstances, so I know that many guys in Nigeria may well have to struggle to be able to invest $30 to $50 per week into bitcoin, and it might not even be reasonable to expect them to be able to invest that much, but guys have to consider their own situation if they are considering something like a 1 BTC goal, and if they might want to consider their goals in more concrete ways that deal with getting their cashflow management skills in order in order to figure out how much they might be able to invest into bitcoin each week, and surely it could take some guy 3-6 months or more just to get used to buying bitcoin every week and getting their cashflow situation into a good place.... since some guys might even be starting out with various debts and even various things that are messed up in their cashflow management and even in their psychology... so they might have to work on a few things while they are startig to build up their bitcoin holdings within reason that accounts for their particulars.

Quote from: 9ja Amaka on Today at 01:05:34 AM

While most investors needs a new game plan so they dont regret why they invested aggressively in the short term destroying their long term stability. Above all, they should know the difference between conviction and recklessness. Both may look similar but one can kill the investment totally.

I agree with you on this point since some guys might not realize when they are overdoing it, and sometimes there is only so much any of us can do to save other people from themselves.. .and we might not even have any responsibility, but if we see family and friends going through great levels of desperation, we might sometimes want to try to help them out to the extent that they might be in a position that they might be able to help themselves, too.

there are guys who are inclined to gamble, whether rich or poor, and some of that traces back to how bad various dollar (fiat) based systems are. They create bad incentives because the money does not hold value, so then guys are forced into desperation and gambling kinds of mentalities and practices. It can take some time to recover from various traumas of the dollar based (fiat based) credit/debt systems...and I think investing into bitcoin can be helpful for guys who are working to reign themselves into some kind of a practice of building up their bitcoin stash and learning about bitcoin and cashflow management along the way.