Next scheduled rescrape ... never
Version 1
Last scraped
Edited on 01/08/2025, 02:11:58 UTC
[edited out]
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When we are in the midst of building our bitcoin holdings it can be difficult to know if we are doing the right thing or not, and you can imagine that poor people are likely not used to accumulating so much wealth, and so they might already start to conclude that they have enough or more than enough bitcoin and they have not even hardly accumulated 25% of their annual income into bicoin, yet it still seems like a lot of money for them to have so much in one place, and they are not used to having had accumulated so much wealth in their whole life, and it is ONLY 25% of their annual income, and maybe it took them 2 or 3 years to get to that level and they feel really rich.. even though it would likely be better for them to keep accumulating until they have invested a whole year or more in to bitcoin.. .and no I cannot really determine for someone else how much is enough or more than enough.

I do know that my standards are different right now as compared to what they had been in 2014 and 2015 when I was starting to come to the conclusion that I had accumulated enough or more than enough bitcoin.
Snip

Initially the clear goals might be merely to get into a habit of buying bitcoin every week and solidifying cashflow management systems and practices... so there could be stages that the bitcoin investment grows more and the cashflow management grows stronger, yet it can be uncertain regarding how long it is going to take to get 1 years income invested into bitcoin for example. . and yeah if it can be figured that a person is investing around 10% of his income into bitcoin, then it may well take right around 10 years to get to 1 years income invested into bitcoin.  
I will like to add up in this conversation, Surely I understand your point or the point your trying to make in regards to how investmentlong it might  take too long to investget invested 1 year income into Bitcoin in 10years with just investing %10. Well it depends on the case scenario, Let's say for example if the person in question has a steady source of income that generate $1k per month and a  has  a good discretion fund after all settlement. He might be investing $50 in a week and right around $200 to $300 in a month, making it about %20 to %30 invested in a month. So surely if the source of income is a steady one, and a good financial management is practiced, of course in a year that person can be able to get  invested%30 of his total income into Bitcoin and also it may well  take around 10 years to get 3yeaars income invested into Bitcoin. But I surely understand that Bitcoin investment is not usually straight forward investment but if the person in question don't have much responsibility and has a good Cash flow managemet consistently, then He can do better. Except for the fact that the person in question has much responsibility and not having a good cash flow managemet that he can invest only 1 Year income in 10years Time. But I'm making an emphasis on when there is a possibility of investing progressively without any factor of distruction.
%30 of his total income invested into Bitcoin and also it may well  take around 10 years to get 3yeaars income income invested into Bitcoin. But I surely understand that Bitcoin investment is not usually straight forward investment but if the person in question don't have much responsibility and has a good Cash flow managemet consistently, the. He can do better. Except for the cat that the person has much responsibility and not having a good cash flow managemet that he can invest only 1 Year income in 10years Time. But I'm making an emphasis on when there is a possibility of investing progressively without any factor of distruction.

There could be times where the person is able to invest more aggressively (or a higher percent) , but then there might be other times that the person has to cut back the amount invested because income is shrinking and/or expenses are going up.. in other words discretionary income is shrinking.
 
That's true, and I agree  that there could be times when discretion shrinkshrinks or responsibility may pile up and slowing down our investment. but in all, if the investor in question can be investing aggressively when there is a good cash flow or when discretion increases
Then he may well meetcover up in the time of discretion shrinkage, and that will automatically meet up the whimpy times. So all i am saying is that no matter how aggressive or how whimpy an investor may be, if he maintain a good investment approach, despite the fact that hard times may come, he may well do better in regards of 10 years time. In the sense that he way not only invest 1 year of his income into Bitcoin in 10years Time but at least 2 and half years or 3. Because from your analysis you presume to be investing only %10 of income every month forgetting that a person may well invest %20 Also.

Young people may be wanting to get job training and/or to attend university, so there could be some difficulties earning income during those times, and expenses might be high relative to income... and even if a person does not have questions about job skills, there can frequently be questions regarding what kind of work to do that will both al.low for personal satisfaction and decently sufficient pay... or some jobs also might be considered as temporary jobs...
Well ok people in this category can be treated differently knowing there own circumstances and how they can be affected by their difficulties of not having job or trying to get into higher instituteinstitutions or there about, and wanting to also investing into Bitcoin. But as for those in labour market who have more opportunities, there cases are different or should be treated differently.


Original archived Re: Buy the DIP, and HODL!
Scraped on 01/08/2025, 01:42:22 UTC
[edited out]
✂️✂️✂️✂️
When we are in the midst of building our bitcoin holdings it can be difficult to know if we are doing the right thing or not, and you can imagine that poor people are likely not used to accumulating so much wealth, and so they might already start to conclude that they have enough or more than enough bitcoin and they have not even hardly accumulated 25% of their annual income into bicoin, yet it still seems like a lot of money for them to have so much in one place, and they are not used to having had accumulated so much wealth in their whole life, and it is ONLY 25% of their annual income, and maybe it took them 2 or 3 years to get to that level and they feel really rich.. even though it would likely be better for them to keep accumulating until they have invested a whole year or more in to bitcoin.. .and no I cannot really determine for someone else how much is enough or more than enough.

I do know that my standards are different right now as compared to what they had been in 2014 and 2015 when I was starting to come to the conclusion that I had accumulated enough or more than enough bitcoin.
Snip

Initially the clear goals might be merely to get into a habit of buying bitcoin every week and solidifying cashflow management systems and practices... so there could be stages that the bitcoin investment grows more and the cashflow management grows stronger, yet it can be uncertain regarding how long it is going to take to get 1 years income invested into bitcoin for example. . and yeah if it can be figured that a person is investing around 10% of his income into bitcoin, then it may well take right around 10 years to get to 1 years income invested into bitcoin. 
I will like to add up in this conversation, Surely I understand your point or the point your trying to make in regards to how investment might take too long to invest 1 year income into Bitcoin with just investing %10. Well it depends on the case scenario, Let's say for example if the person in question has a steady source of income that generate $1k per month and a has good discretion after all settlement. He might be investing $50 in a week and $200 to $300 in a month, making it about %20 to %30 invested in a month. So surely if the source of income is a steady one, and a good financial management is practiced, of course in a year that person can be able to get
%30 of his total income invested into Bitcoin and also it may well  take around 10 years to get 3yeaars income income invested into Bitcoin. But I surely understand that Bitcoin investment is not usually straight forward investment but if the person in question don't have much responsibility and has a good Cash flow managemet consistently, the. He can do better. Except for the cat that the person has much responsibility and not having a good cash flow managemet that he can invest only 1 Year income in 10years Time. But I'm making an emphasis on when there is a possibility of investing progressively without any factor of distruction.

There could be times where the person is able to invest more aggressively (or a higher percent) , but then there might be other times that the person has to cut back the amount invested because income is shrinking and/or expenses are going up.. in other words discretionary income is shrinking.
 
That's true, and I agree  that there could be times when discretion shrink or responsibility may pile up and slowing down our investment but in all, if the investor in question can be investing aggressively when there is a good cash flow or when discretion increases
Then he may well meet up in the time of discretion shrinkage, and that will automatically meet up the whimpy times. So all i am saying is that no matter how aggressive or how whimpy an investor may be, if he maintain a good investment approach, despite the fact that hard times may come, he may well do better in regards of 10 years time. In the sense that he way not only invest 1 year of his income into Bitcoin in 10years Time but at least 2 and half years or 3. Because from your analysis you presume to be investing %10 of income every month forgetting that a person may well invest %20 Also.

Young people may be wanting to get job training and/or to attend university, so there could be some difficulties earning income during those times, and expenses might be high relative to income... and even if a person does not have questions about job skills, there can frequently be questions regarding what kind of work to do that will both al.low for personal satisfaction and decently sufficient pay... or some jobs also might be considered as temporary jobs...
Well ok people in this category can be treated differently knowing there own circumstances and how they can be affected by their difficulties of not having job or trying to get into higher institute or there about and wanting to also investing into Bitcoin. But as for those in labour market who have more opportunities, there cases are different or should be treated differently.