Quote from: Jostern on Today at 03:49:48 PM

Quote from: JayJuanGee on Today at 07:13:33 AM

I doubt that we need to talk about inferior investments here. The main concern should be figuring out how much bitcoin they are able to buy and to build that up during the years and likelihood of a 4-10 year or longer investment timeline.

They may consider if they are able to invest 5% or 25% of their income into bitcoin, and surely many folks might have difficulties investing 10%, but if they were able to invest 25%, then they could invest a whole years income into bitcoin in 4 years, yet surely it might not be a good idea to aim for that level of aggressiveness from the start, even though they might be able to work up to that level once they get used to buying bitcoin on a weekly basis and set up their systems for both their buying of bitcoin and their cashflow management systems and back ups.

Sometimes it’s more important that we encourage ourselves when trying to make an investment and be more motivated and disciplined that is why we shouldn’t talk about low investments, just like it’s said we could try and make sure we know how much discretionary funds that we are able to have depending when we have our income available, then we could try to figure out what we have available to keep accumulating bitcoin on a regular and consistent basis, and having that mindset of holding for a long term purpose, we could actually think about having a good percentage of our income and making available of a good reasonable amount of discretionary income and buying and accumulating always to map out ways of growing our Bitcoin portfolio if we should put 4-10 years into consideration and then align our plans with our accumulation strategy and trying to hodl for a long term purpose. And also having a good financial plans to keep buying and accumulating consistently through other financial means. And planning a good financial management and trying to work on our expenses that would be quite unnecessary.

Yes, you should develop your mindset before investing in such a way that you have to start your Bitcoin journey with a long-term investment. Because anything short-term is more stressful and increases blood pressure. People make wrong decisions more due to lack of time. So you can invest in Bitcoin for the long term. This will reduce the risk of losing your investment and your ignorance will also increase as you have time in the market. An ideal investor always thinks about the long term first. If you can continue your investment for a long time, then you will face many things starting from a recessionary market. But yes, if you do not lose your investment, then you may be profitable in the future.

Always plan long-term about your investment. Your plan is one of the sources of your investment. It is said that what a person tries for, he gets. Therefore, plan long-term about your investment. Maybe the investment you make will make you profitable.