Quote from: Sammye3 on July 20, 2025, 03:32:31 PM

Quote from: Sammye3 on July 21, 2025, 10:41:09 PM

Quote from: JayJuanGee on July 19, 2025, 08:31:15 PM

We can choose bitcoin and/or we can choose other places to put our time, energy and money (that is discretionary income).

If we have a lot of confidence in bitcoin, we might invest aggressively, and if we don't have much confidence, then we will choose to invest less aggressively (perhaps even whimpily). Surely some folks choose not to invest into bitcoin at all, which seems a pretty big mistake, even though around 99% of the world's population are no coiners or maybe low coiners or maybe precoiners.

We can also choose to have other investments, and folks might come to bitcoin while already having other investments, so there situation might be a bit different from someone who is both brand new to bitcoin and brand new to investing. We choose our position size and our approach and maybe we reassess at various times along the way, and then 4-10 years or longer, we may well reassess again and figure out if we need to change any of our strategies... if we might advance from accumulation stage in to maintenance stage and then perhaps later into sustainable withdrawal.

Bitcoin has always being a good investment for the long term. Most people who invest in Bitcoin expecting immediate returns which can bring about disappointment and withdrawal after several draw backs. The focus more on accumulation should be considered over the perfect time to buy as it's a long term investment.

Even if you have low earnings, that shouldn't be a limiting factor to invest as you could stack up but by bit and over time you would be surprised how much you have realized without checking CMP. Also, trying to reduce unnecessary expenses can as well help you save for investments purposes and this is for those with low income earnings. There is definitely no excuses.

It is foolish to expect instant profits by investing in Bitcoin! Because if you expect profits immediately after investing, you will be disappointed if the market downturn occurs. Those who invest using the DCA method and continue to invest in small amounts get instant profits. However, a better investment medium is investing for the long term. Because investing for the long term will bring you large profits. In this way, you will never be disappointed with your investment. Do not always wait to buy a dip. Whatever the price is in the market, if you have the means and money, start investing now. Because the first step before investing is to start. Once you start, you will be more interested in investing later. You can also increase the money you have set aside for investment later along with your income. However, always invest from your source of income. Keep some money allocated for other things, including emergency funds, and invest. This way, your investment will never be hindered or endangered.

Keep your plan long-term before investing. Try to hold on to it as much as possible. Because no one knows when the market price will increase. Don't miss out on your investment. Because opportunities don't come again and again.