Quote from: JayJuanGee on Today at 06:14:23 AM

Quote from: Bluedrem on Today at 05:41:00 AM

Quote from: JayJuanGee on Today at 05:29:00 AM

Sure. Sometimes it can take time to respond to various posts or to follow several threads.. ... Some of my ideas about bitcoin have changed through the years too, so sometimes there might be more repetition in my posts than I would wish to have... which may be one of the reasons for my putting some of my ideas in my investment ideas thread and in my sustainable withdrawal thread so that I can refer back to some of those posts (Including the sustainable withdrawal tool and the fuck you status chart).. and yeah, I don't have too many threads on the forum so far, as compared with some of the other forum members who have been writing/posting on the forum for several years, so guys have differing areas of interest, too...

To be honest, I have learned a lot from here for investing in Bitcoin. I was involved in Bitcoin even before joining the forum. At that time, I often made mistakes in investing in Bitcoin. Even though the price of Bitcoin increased significantly, I could not profit from it in any way because when the price of Bitcoin kept falling, I would panic and sell my Bitcoin thinking that later when the price would decrease further, I would be able to buy more Bitcoin with this current money. When the price was low, I would wait for the price to decrease further, then if the price of Bitcoin increased, then I would have to buy Bitcoin with more money again. At that time, I did not know much about the effectiveness of DCA.
Since the day I came to this thread, I used to follow your answers the most and could learn a lot.
For example, a person cannot invest in Bitcoin if he only has a fixed income. I want a discretionary income for investment which comes from the extra money left after fulfilling all basic needs.
How to invest in DCA with discretionary income for a week/month. As a result, if we calculate the average price of Bitcoin from the day of starting DCA to the last day of investment, the average price is much lower than the price of Bitcoin on the last day. As a result, most of the time there is a high expectation of getting profit from that Bitcoin.
Thank you JJG for coming to this thread and informing people like us with small income about the right ways to invest in Bitcoin.

Many of us can feel like geniuses when the BTC price is going up (and reaching new ATHs), yet it frequently takes a whole cycle or longer to really start to feel more solid in regards to the bitcoin that we may have had been building up, and there still could be periods in which the BTC holdings of the newer guys are in the negative for many months and sometimes even for 2-3 years or more.

So building a bitcoin investment portfolio can take a long time before we really start to feel comfortable in regards to the bitcoin and also other aspects of our cashflow management systems and practices that we might have had been building and strengthening for years (and making some mistakes along the way, too). .

That is siimply the reason why Basic knowledge, Patience and long-term thinking are the backbone of one's Bitcoin journey, coz if we look at Bitcoin from a biggger picture, we will definitely see that its real value shows over time, not in a few days or weeks. And again Price fluctuation is a normal part of Bitcoins cycle, and anyone that is ignorant of this, will only expect Bitcoin's price to be going up and reaching an All Time High without dipping, and the very time that Bitcoin's price dips, many of them will end up very frustrated and may even give up.......

That is why it is better to enter with a mindset of holding for years, not days or months. Coz once you do that, your emotions won’t be able to control your decisions and then you won’t be moved by fear when the priice dips and then by y hype when the price rises. You simply stay your course with the knowledge that the benefit of Bitcoin lies in the long run........

And on top of that, learning how to manage your cash-flow alongside Bitcoin is also very very important. The truth is that, you should ensure to have have knowledge of the basics of cash flow before you even start ur accumulation journey, so that you will not go and invest money that you may urgently need for your daily expenses. But at the same time, cash flow is something that you need to keep improving during your journey, coz along the way you will learn from your errors and get better at balancing daily expenses with your long-term holding. And it is this balance that makes your Bitcoin journey a whole lot smoother.........