Quote from: JayJuanGee on Today at 03:29:48 PM

Quote from: yixichloro2xx on Today at 08:12:09 AM

Quote from: 9ja Amaka on Today at 07:50:55 AM

Quote from: yixichloro2xx on Today at 07:17:49 AM

Building a solid Bitcoin base first before even thinking about venturing into the casino of shitcoins is the most responsible thing a pleb or whale can do. If your Bitcoin position isn't strong enough, you are just gambling with your future.

$100k in BTC as a foundation is a fair benchmark,it shows commitment, conviction, and patience. Once that's secured, allocating a tiny slice 5–10% to explore riskier bets can be tolerated if you are emotionally and financially prepared to lose it entirely. But that base in Bitcoin? That’s what gives you long term resilience. Without it, you are just another tourist in crypto.

Let us be real, new folks in bitcoin or investors in low income countries, might see $100k too tough as a foundation to be in a strong position on their accumulation. If we start setting that amount as a bench market of being committed to bitcoin, we may end up discouraging a lot of folks who wants to start their investment journey. And yeah, I understand the $100k shows that one is serious and thinking long term buying. We can actually used that set our mindset in the right direction even if to us it may look difficult to achieve. I’m not saying we should lower the bar just to make people feel good, in the end what matters truly is our level of commitment and consistency not just what we plan that we didn't fulfil. An investor buying $30 weekly for five years consistently might end up investing longer than someone who aped in $100k the moment they start their investment.

You are right, and this is a very important point, telling people they need $100k before they are serious about Bitcoin can make it feel impossible for many, especially those living in countries with lower incomes. That kind of message might push people away instead of encouraging them to start.

One thing is getting started and moving up in the size of the bitcoin holdings, and another thing is having had invested in other areas and being in a position to be able to reallocate some or all of the other investment capital into bitcoin. The more pure example might be the guy who barely has any other investments and/or savings and he has to pretty much start with whatever extra discretionary income that he can spare to put into bitcoin.

Accordingly, like your example, a guy who invests $30 per week would have had invested right around $1,560 after a year, so $10,560 after 10 years and $5,280 after 5 years. $30 per week might not get him up to $100k in any short period of time, yet we can also presume that if he is a relatively young person, then he might be able to increase his discretionary income and potentially figure out ways to focus on prioritizing bitcoin earlier rather than later, yet of course there are trade offs, and maybe the first couple of years he tries to double his bitcoin investment allocation amount, so he goes from $30 per week, and then year 2 $60 per week, and then year 3 $100 per week and then year 4 $120 per week.. so he might be figuring out ways to increase his investment amount and even from time to time, he might have some extra lump sum amounts that he receives that he can put some or all of it into bitcoin, so even a guy with relatively modest amounts put into bitcoin over time can build up the total, and perhaps bitcoin will appreciate in value at various points, so that the total amount of value that is in bitcoin may well be several times or even magnitudes higher than the amount that he put into it.. so if the guy has a longer time horizon, he might start to really see a lot of progress after a couple of cycles, even though it is not guaranteed, but there are various precautions that each of us can take in regards to our own execution decisions and how we balance out our aggressiveness in investing into bitcoin, strengthening our cashflow management practices and even making sure that we are following good bitcoin security and/or protection of our coins practices, including perhaps having no more than 10% or 20% of all of our coins on exchanges, third parties and/or hot wallets... So the overwhelming majority of our coins are held in private wallets with a good portion of that in a form of cold storage that we might test out from time to time (yearly-ish? depending on how we are doing it - which even private storage options are changing through the years).

I think that even another point that was being made in your initial post (yixichloro2xx) was that you were suggesting to build the bitcoin holdings up to a certain level before even dabbling with shitcoins. I am not sure about the necessity of this last point. It is not a bad idea, yet I understand that people who want to get involved in shitcoins, trade and even gamble, they may well might want to do that at all levels of their being involved in bitcoin. Many times they cannot resist investing in shitcoins or trading and it seems better for them to have an avenue with limitations rather than suggesting that they completely say no to such activities, since they likely would not be able to resist anyhow and so even though it is likely better not to get involved in shitcoins/trading at all but at least if they set a limtiation on themselves, such as no more than 10% of their bitcoin, and then each time they get paid, they can only put up to 10% of the new money into shitcoining and/or trading which means that they cannot continue to draw from bitcoin when they lose part or all of their shitcoin/trading allocated amount, yet every time they get new money to invest into bitcoin, they can take up to 10% of that to put into shitcoining and/or trading.

I really like the way you broke this down because not everyone comes into Bitcoin with a solid financial base or other investments to reallocate. For many of us, it is simply about starting with what we have even if that is just $20 or $30 a week and being consistent. Over time, we learn more, improve our money habits, and gradually increase our capacity to stack more sats.‎ ‎It is not always about hitting a specific dollar amount quickly, it is more about building a strong mindset, staying committed, and letting time and discipline work in your favor. Even small steps each week can lead to something meaningful over a few cycles, especially if Bitcoin appreciates along the way.
‎
‎As for shitcoins and trading, I get that some people want to experiment. Completely avoiding them might sound ideal, but not always realistic for everyone. So yeah, limiting that exposure by maybe putting just a small portion, like 5–10% of investment funds into them which can help them manage risk without interfering with the main Bitcoin stack. It is a good way to satisfy curiosity without derailing the bigger goal. Really appreciate the way you explained this. It is the kind of practical thinking that helps newer folks stay grounded and focused.

Quote from: JayJuanGee on Today at 03:29:48 PM

Quote from: yixichloro2xx on Today at 08:12:09 AM

The truth is, it’s not just about how much you invest, it’s about how often and how committed you are. Someone who buys just $30 worth of Bitcoin every week for five years may end up doing better, and learning more than someone who dumps $100k in all at once and disappears.

I have made similar points in the past. There is a certain value that comes from persistence, and even a person who lump sum invests in the beginning and/or at various points through his bitcoin investment, he may well be even better off in terms of his bitcoin investment and also in terms of his psychology, if he is ongoingly engaging in bitcoin through investing into it, whether money or even some of his time and/or energies

Yeah, I agree with you. There is definitely something powerful about staying engaged and not just financially, but also mentally and emotionally. Even for those who start with a lump sum, I think continuously interacting with Bitcoin then learning more, adapting strategies, or just keeping tabs on the space, helps build conviction and keeps the bigger picture in focus.

It is that steady involvement that tends to sharpen both knowledge and resilience over time. Whether it is through DCA, lump sums, or even just dedicating time to understand the tech and its direction, it all plays a role in building a stronger position and not just in terms of holdings, but mindset too.

Quote from: JayJuanGee on Today at 03:29:48 PM

Quote from: yixichloro2xx on Today at 08:12:09 AM

I remembered when I bought Bitcoin with $20 in 2022, though it wasn't much but I knew if I continue to stack more and more I will be able to build my portfolio little by little.... What really matters is building the habit, staying consistent, and thinking long term. You don’t need to start big, you just need to start and keep going....

Exactly. You might have had found it difficult to invest the first $20, but then maybe you go back over your budget and you keep looking into bitcoin, and then after another week or two you put in another $10 or $20 and then you arrange some things in your budget so that you are able to invest $10 every week no matter what, and perhaps bonus amounts on some weeks, and so then every several months you make adjustments, and perhaps you are able to bring your weekly amount up to $30 and then to $50 and then to $70 and then to $100 and more, and yeah, it might take you a bit of time to be able to increase your weekly quantities and/or your abilities to earn or gain some lump sum amounts so that you can feel comfortable dedicating some lump sum amounts to bitcoin. So, yeah investing can be a process with trade offs and ongoing commitment will frequently help to build our BTC holdings with the passage of time...and we may well end up being achieve way more BTC accumulation than we had thought possible and we also may end up being able to advantage more from potential future upside bitcoin volatility, especially if we might figure out reasonable/prudent ways to front-load our bitcoin investment.

Yeah I can really relate to that, for most of us, it doesn’t start big. It starts small ,just trying to stay consistent with whatever we can afford, and then adjusting as life allows. Even if it is $10 or $20 at first, the important thing is to keep going, and over time those small steps start to add up.
‎
‎Also, the idea of front loading when possible makes sense, like using bonuses or extra income to give your stack a boost, but still being careful not to overdo it.... It is a journey, and the more we stay committed, the more chances we have to benefit from Bitcoin long term potential...