Buy Buy Buy or Sell Sell Sell?

[JayJuanGee]

Put 3 times your stable income in the emergency fund and reserve fund.

Do you really know what you are saying? had it been you said 3/4 of your discretionary income it could have sounded better than saying x3 of your stable income. Let me make it clear to you because i can see that you think emergency and reserved funds should be a fixed amount but if that's what you are trying to spell then you are wrong because it's from your discretionary income that you will scrap out emergency and reserved funds which means that each time you DCA, you will have to cut out some money and add it up to your existing emergency and reserved funds. They are not fixed as they vary based on how much you can be able to make available after your DCA amount have been taken care of, any amount that is left can stand for emergency needs and as reserve funds.

I would say that after our basic needs money has been allocated, the next inline should be our emergency funds before the DCA money and the rest of it like the reserve funds and float cash, where it only becomes problematic is when you decide to wait until you have an emergency funds prior to getting started but on the occasion of already starting accumulating Bitcoin, in the scale of preference for me I would prefer allocating to my emergency funds first before considering my DCA amount based on the available discretionary income.

Many guys have already suggested that if a guys is a low coiner or no coiner, then there is no reason to even have an emergency fund prior to having some BTC, yet I personally like the idea of building emergency funds and bitcoin stash size at a similar rate... until the emergency fund gets up to at least 3 months of expenses. 

Surely many guys might start out investing into bitcoin , and they already have some cash back up funds that might be 2 weeks to 6 weeks of their expenses, so many guys are already accustomed to living with some good cashflow management practices that maintain some cash cushion in regards to their being able to cover expenses between times that they receive income...so if a person is earning $400 per month and he tends to have $250 in expenses each month, then he might have $125 to $350 in extra cash, so he already has the start of an emergency fund, even though his goal may well be to build up his emergency fund to be at least $750, he also could start buying bitcoin right away since he has no bitcoin yet he already has some semblance of an emergency fund in place, and perhaps he could dedicate 75% of his discretionary income to bitcoin and 25% to his emergency fund.. ..and in the case of this guy, he has about $150 per month of discretionary income, so he could dedicated $112 to bitcoin and $38 toward building up his emergency fund. 

[edited out]

What if you already have an untouched emergency funds that you have stacked up in the previous months, do you still go ahead to allocate more funds to the unspent emergency funds? Personally, I would say no, when I already have unspent emergency funds that was saved from the previous month wages, I would then allocate more fund to buy more Bitcoin, the money that would have been  kept as emergency fund for that month would then go into my DCA money because there's no need to add more emergency funds when I already have enough there.  

Generally speaking, when a person builds up an emergency fund to something like 3 months, there is no need to continue to add to it, unless the person is wanting to increase the emergency fund to a higher amount based on their own circumstances, such as if they have some known issues with uncertainties regarding income and/or expenses.

Of course, once strong cashflow management that includes the maintenance of an emergency funds are in place and even the having of various back up funds, then more aggressiveness can be employed in regards to bitcoin investing.

Tho, some people can have endless emergency depending on how they are living their life or they know how much they intended to keep as emergency fund, that's why they might keep allocating for it every month even if the ones of the previous month are yet to be spent.

Surely, people sometimes will contribute to their own emergencies based on their having poor cashflow management or lack of emergency and/or back up funds.  Investing into something as volatile as bitcoin likely justifies having stronger cashflow management practices as compared with someone who might not be trying to protect any kind of an investment, such as bitcoin when we are wanting to lessen the likelihood that we are going to end up having to sell any or all of our bitcoin at a time that is not of our complete choosing.  If we have poor cashflow management, then we are more likely using our bitcoin as emergency funds and going to end up putting ourselves in a position of having to sell our bitcoin at a time that is not completely of our own choosing.

[edited out]

In other to be a successful investor in Bitcoin, you need to have additional source of income not only your discretionary income can make you a successful investor because if there is an inflation in the economy without the increment of your discretionary income how will you cope with the little left.

Some people already have enough discretionary income, so there is no need to increase it more.

Sure if you already have income and expenses, then if you add a new source of income then you are increasing your discretionary income, yet it might not be a good use of your time and/or energies to get another job if you already have income that is high enough to cover your expenses and also provides for your ability to invest in bitcoin.

You can only be successful in your investment and increasing your portfolio if you have your emergency fund and reserve fund which makes it easier and comfortably to accumulate even when using the DCA strategy, you still need to have a reserve and emergency fund tobe a successful investor , when you have these two back-up funds there is no way you will use the money meant for your upkeep to purchase Bitcoin because they are always there as a support for you at anytime you are in need of funds.

You likely are speaking the truth, but you are using a lot of absolutes that guys might find annoying to be hearing that you have to do x, y or z, and you should realize that guys can have a variety of situations that apply to their situation.. and even where they are at in their bitcoin investment journey whether they are a beginner investor or if they might have been investing for a couple of cycles or more and also whether they have other investments, and even considerations of whether their income comes from working or from other investments or some combination... Some guys might invest while they are also engaging in activities to try to improve their future income, such as taking classes or attempting to get into internship programs or various other ways that guys might balance out their bitcoin investment to their particular circumstances.

[SilverCryptoBullet]

Many guys have already suggested that if a guys is a low coiner or no coiner, then there is no reason to even have an emergency fund prior to having some BTC, yet I personally like the idea of building emergency funds and bitcoin stash size at a similar rate... until the emergency fund gets up to at least 3 months of expenses.

Building up your emergency fund is important because life is unpredictable and you might be in urgent situation anytime. Emergency fund is more vital for people who are living in third world, developing countries where social wealthfare is shit and nearly does not exist.

Having small or big emergency fund depends on your priority and your personal finance but ignoring this emergency fund building is very dangerous for everyone.

Generally speaking, when a person builds up an emergency fund to something like 3 months, there is no need to continue to add to it, unless the person is wanting to increase the emergency fund to a higher amount based on their own circumstances, such as if they have some known issues with uncertainties regarding income and/or expenses.

If your emergency fund is big enough to cover your urgent need when it comes, it's enough and no need to add more money to it, I agree with you. When you reach to this cap of your personal emergency fund, you can reserve most of your income for spendings for necessary bills, things and investment. When your finance reaches to this point, you will feel investment journey more comfortable and practicing DCA will become more easily and effortlessly.

[JayJuanGee]

Many guys have already suggested that if a guys is a low coiner or no coiner, then there is no reason to even have an emergency fund prior to having some BTC, yet I personally like the idea of building emergency funds and bitcoin stash size at a similar rate... until the emergency fund gets up to at least 3 months of expenses.

Building up your emergency fund is important because life is unpredictable and you might be in urgent situation anytime. Emergency fund is more vital for people who are living in third world, developing countries where social wealthfare is shit and nearly does not exist.

Are you presuming that building an emergency fund is more important that getting started investing into bitcoin?

Are you presuming that guys do not have any extra cash at the time that they first hear about bitcoin that would permit them to get started investing into bitcoin right away?

Having small or big emergency fund depends on your priority and your personal finance but ignoring this emergency fund building is very dangerous for everyone.

I am suggesting working your way up to three months of emergency fund, but get started investing into bitcoin first and to build your emergency fund simultaneously as building your bitcoin investment.

Generally speaking, when a person builds up an emergency fund to something like 3 months, there is no need to continue to add to it, unless the person is wanting to increase the emergency fund to a higher amount based on their own circumstances, such as if they have some known issues with uncertainties regarding income and/or expenses.

If your emergency fund is big enough to cover your urgent need when it comes, it's enough and no need to add more money to it, I agree with you. When you reach to this cap of your personal emergency fund, you can reserve most of your income for spendings for necessary bills, things and investment.

You don't build your emergency fund prior to paying for your necessary bills, so emergency fund building comes from discretionary income, just like bitcoin investment comes from the same category of discretionary funds.. which means that it is money left after already paying for (or allocating towards) expenses, which include bills.

When your finance reaches to this point, you will feel investment journey more comfortable and practicing DCA will become more easily and effortlessly.

It sounds like you are proclaiming a need to build emergency funds first, and sure you can do whatever you like, but I think that is a dumb way to go about it.  From my point of view it is best to get started investing into bitcoin as soon as possible, and one of the only prerequisites before investing into bitcoin is to make sure that you have discretionary income, whether it is $10 or some other higher amount..and then work on investing every week and figure out your other various bitcoin-related and cashflow management  skills along the way while you are already investing into bitcoin within your discretionary income.. with hopefully a goal of investing into bitcoin for 4-10 years or longer.  If you cannot invest into bitcoin for 4-10 years or longer, then you might not have enough discretionary income in order to establish that and surely there should be efforts to figure out those matters, yet you might not even have to commit to investing into bitcoin for 4-10 years or longer to get started investing into bitcoin, yet it is still important to consider that 4-10 years or longer is likely the investment timeline for bitcoin.

[laijsica]

It sounds like you are proclaiming a need to build emergency funds first, and sure you can do whatever you like, but I think that is a dumb way to go about it.  From my point of view it is best to get started investing into bitcoin as soon as possible, and one of the only prerequisites before investing into bitcoin is to make sure that you have discretionary income, whether it is $10 or some other higher amount..and then work on investing every week and figure out your other various bitcoin-related and cashflow management  skills along the way while you are already investing into bitcoin within your discretionary income.. with hopefully a goal of investing into bitcoin for 4-10 years or longer.  If you cannot invest into bitcoin for 4-10 years or longer, then you might not have enough discretionary income in order to establish that and surely there should be efforts to figure out those matters, yet you might not even have to commit to investing into bitcoin for 4-10 years or longer to get started investing into bitcoin, yet it is still important to consider that 4-10 years or longer is likely the investment timeline for bitcoin.

Exactly! To start Bitcoin, we should ensure our discretionary income and set an initial stage of how much to deposit. As you have recommended, save at least $10 and above. I feel the need for a backup fund, but we should start saving Bitcoin at the beginning and implement an effective strategy for our investment so that it is long-term. Some new investors like us may have doubts in some areas such as making the investment horizon 4-10 years. I am sure that if someone starts investing from discretionary income and he creates a backup fund to do it regularly he will be able to easily pull accordingly that you say. Investors may have some differences about the size of a decent backup fund some may feel comfortable keeping it for six months or more or two years. For investment horizon and growth of holdings. Additionally, floating cash funds can entice investors to buy more during a bear market and this type of trend adds more Bitcoin to the portfolio.

[Umulala-alala]

Many guys have already suggested that if a guys is a low coiner or no coiner, then there is no reason to even have an emergency fund prior to having some BTC, yet I personally like the idea of building emergency funds and bitcoin stash size at a similar rate... until the emergency fund gets up to at least 3 months of expenses.

Building up your emergency fund is important because life is unpredictable and you might be in urgent situation anytime. Emergency fund is more vital for people who are living in third world, developing countries where social wealthfare is shit and nearly does not exist.

Having small or big emergency fund depends on your priority and your personal finance but ignoring this emergency fund building is very dangerous for everyone.

Generally speaking, when a person builds up an emergency fund to something like 3 months, there is no need to continue to add to it, unless the person is wanting to increase the emergency fund to a higher amount based on their own circumstances, such as if they have some known issues with uncertainties regarding income and/or expenses.

If your emergency fund is big enough to cover your urgent need when it comes, it's enough and no need to add more money to it, I agree with you. When you reach to this cap of your personal emergency fund, you can reserve most of your income for spendings for necessary bills, things and investment. When your finance reaches to this point, you will feel investment journey more comfortable and practicing DCA will become more easily and effortlessly.

There is need for emergency fund but having your discretionary Income and getting started is most important, it is important to get started  ASAP that is if you have your discretionary ready because it is from your discretionary that you can use in buying bitcoin and then work on your emergency fund and buy bitcoin from your discretionary Income using the dca to buy bitcoin weekly or monthly and hodl for 4-10 longer before then you might have also thought on how to increase your discretionary Income so it enable you to buy and for 4-10 from your discretionary Income.

[arwin100]

Put 3 times your stable income in the emergency fund and reserve fund.

Do you really know what you are saying? had it been you said 3/4 of your discretionary income it could have sounded better than saying x3 of your stable income. Let me make it clear to you because i can see that you think emergency and reserved funds should be a fixed amount but if that's what you are trying to spell then you are wrong because it's from your discretionary income that you will scrap out emergency and reserved funds which means that each time you DCA, you will have to cut out some money and add it up to your existing emergency and reserved funds. They are not fixed as they vary based on how much you can be able to make available after your DCA amount have been taken care of, any amount that is left can stand for emergency needs and as reserve funds.

I would say that after our basic needs money has been allocated, the next inline should be our emergency funds before the DCA money and the rest of it like the reserve funds and float cash, where it only becomes problematic is when you decide to wait until you have an emergency funds prior to getting started but on the occasion of already starting accumulating Bitcoin, in the scale of preference for me I would prefer allocating to my emergency funds first before considering my DCA amount based on the available discretionary income.

Many guys have already suggested that if a guys is a low coiner or no coiner, then there is no reason to even have an emergency fund prior to having some BTC, yet I personally like the idea of building emergency funds and bitcoin stash size at a similar rate... until the emergency fund gets up to at least 3 months of expenses.  

Surely many guys might start out investing into bitcoin , and they already have some cash back up funds that might be 2 weeks to 6 weeks of their expenses, so many guys are already accustomed to living with some good cashflow management practices that maintain some cash cushion in regards to their being able to cover expenses between times that they receive income...so if a person is earning $400 per month and he tends to have $250 in expenses each month, then he might have $125 to $350 in extra cash, so he already has the start of an emergency fund, even though his goal may well be to build up his emergency fund to be at least $750, he also could start buying bitcoin right away since he has no bitcoin yet he already has some semblance of an emergency fund in place, and perhaps he could dedicate 75% of his discretionary income to bitcoin and 25% to his emergency fund.. ..and in the case of this guy, he has about $150 per month of discretionary income, so he could dedicated $112 to bitcoin and $38 toward building up his emergency fund.  

Don't know why there's suggestion that there's no need for low coiner to have emergency funds since the same with people could able to spend they are also prone for risk to lose their money for something like wrong decisions or actions made. They should set it up according to the amount they can able to allocate,  since everything is fine even if they are low coiner as long as they set up good plans for their future.

Setting up an emergency funds for 3 - 6 months is enough and when they achieve that they can proceed to use their money for their investment. Its crazy that other people seems don't have have timeline intended for their emergency funds. Since if they continue to save money for emergency funds used with no intention to stop, then I think they are wasting some opportunity to earn more especially if they hide their emergency funds on stable coins or in fiat.

Also I like your explanation on figures and for sure people would learn a lot from your insights given.

[Mayor of ogba]

If actually Bitcoin is the subject matter then buying and selling within the period of one year apparently has nothing to be called anything related to investment but trading because one year is too short for your investment to experience the power of compounded value of your investment, a cycle which is four years would have been better to be described as a short term investment in my perception while four to 10 years or more can be called a long term investment.

Okay I have learned something today, atleast you have given a timeline for short and long term Bitcoin investment. Most people who target to buy during the Bitcoin halving are short-term traders, and that's a very wrong investment approach. I know people who are currently disappointed with the price of Bitcoin because they thought it would have reached $150k. But long term investors are not perturbed because they are still on profit or are not selling.

I so much believe that learning always took place in everyday of our life, because knowledge is really power indeed, so talking about short-term investment, those investors that always make use of short term investment i see those investors as a gambling, because they are betting not investing, they are just for quick money making not to wait till dip finally happen, so buying in the dip and hold in a long term investment is the best.

Yes I think long term investment is the best, but many people try to choose this best but due to lack of experience and strategic knowledge many investors get left out. You can see that long term investment requires a strong wallet and experience, you need to have the ability to take risks, and you can participate in Bitcoin investment through deep buying and DCA method.
But if you are in a financial crisis, then it is most important for you to do DCA method, in this you can benefit while saving money and doing Bitcoin DCA method weekly.

If by strong wallet, you mean excess cash then I must disagree, you don't need excess cash to start investing, especially if you are using the DCA, what you need is a stable source of income, one that can allow for discretionary funds, with your discretionary funds you can start building your bitcoin portfolio on a long term investment plan using the DCA. But if you are in a financial crisis and can't afford discretionary funds, then halt your investment and put your finance in order, please do not invest with money meant for basic needs and necessities, this is because investing with this kind of money will definitely lead to you selling too early when you can no longer pay for these needs.
So put your finance in order, settle your basic necessities and invest with your discretionary funds, along the way you can also make out time to save up on some much needed emergency backup funds to save you from having to sell early during an unexpected financial crisis.

Exactly, investing with money meant for other things is already lack of Bitcoin investment knowledge because someone who understands... won't use his or her expenses money to use in accumulating Bitcoin because the result will be failure, the investment can never last for too long. It is good to be inform so that one don't make mistake that will affect them very bad in the future. Investment should be done when someone has gather a little knowledge and keep a little of what it takes to start and keep the investment going and then press to make available what is needed before the initial one will be exhausted.

Anyone investing the money meant for their important needs in to Bitcoin only thinks that Bitcoin is a quick and get rich scheme and at such it a deformity, mismatch and misplaced priority, they will end up getting disappointed when the results they expected didn't come as quickly as possible, leading to selling when they are supposed to be buying and some time they can even sell out of lost in order to attend to taken care of their important needs. Bitcoin signifies financial freedom and even in the manner at which we are investing, we don't have to do it suffocating or struggling with our important needs.

Lack of knowledge about Bitcoin is the reason why someone will use money meant for his or her personal needs to invest in Bitcoin, no one with the knowledge about Bitcoin will do such a thing except his a trader who has high hope in his or her prediction and expecting to get his or her profit fast.
You are right we don't need to struggle while investing in Bitcoin and that is why it is said that one should use only his discretionary income to invest so as to avoid struggling with your investment.
Discretionary income is an income that is lift after deduction of taxes, mortgage and basic living costs. Now using that money lift after settling all your basic needs won't make you struggle while investing.

In other to be a successful investor in Bitcoin, you need to have additional source of income not only your discretionary income can make you a successful investor because if there is an inflation in the economy without the increment of your discretionary income how will you cope with the little left.
You can only be successful in your investment and increasing your portfolio if you have your emergency fund and reserve fund which makes it easier and comfortably to accumulate even when using the DCA strategy, you still need to have a reserve and emergency fund tobe a successful investor , when you have these two back-up funds there is no way you will use the money meant for your upkeep to purchase Bitcoin because they are always there as a support for you at anytime you are in need of funds.

Truth be told, if we have multiple streams of income we will be at good advantage of achieving a successful bitcoin investment because the multiple streams of income will help us to have a good discretionary income that will can easily allocate good amount of money for bitcoin investment either on a monthly or weekly basis, which will help us to build up our bitcoin portfolio fast but with one good source of income we can still become successful in our bitcoin investment if we discipline ourself and always invest in bitcoin with our discretionary income or leftover money in that way we will not have any problem struggling to solve our daily expenses which could expose us into selling our bitcoin when we haven't even reach the end of our accumulation journey. Even though you have made provision for an emergency fund and reserve fund up to 3 months before or after you start accumulating bitcoin, you are not even guaranteed to become successful in your bitcoin investment, but what you need to do to become successful in your bitcoin investment after having these funds readily available is to discipline yourself and accumulate bitcoin within your discretionary income so that you will not run out of money and depend on your bitcoin investment to solve your daily expenses when they arise.

[asarfiar]

Many guys have already suggested that if a guys is a low coiner or no coiner, then there is no reason to even have an emergency fund prior to having some BTC, yet I personally like the idea of building emergency funds and bitcoin stash size at a similar rate... until the emergency fund gets up to at least 3 months of expenses.

Building up your emergency fund is important because life is unpredictable and you might be in urgent situation anytime. Emergency fund is more vital for people who are living in third world, developing countries where social wealthfare is shit and nearly does not exist.

Having small or big emergency fund depends on your priority and your personal finance but ignoring this emergency fund building is very dangerous for everyone.

Generally speaking, when a person builds up an emergency fund to something like 3 months, there is no need to continue to add to it, unless the person is wanting to increase the emergency fund to a higher amount based on their own circumstances, such as if they have some known issues with uncertainties regarding income and/or expenses.

If your emergency fund is big enough to cover your urgent need when it comes, it's enough and no need to add more money to it, I agree with you. When you reach to this cap of your personal emergency fund, you can reserve most of your income for spendings for necessary bills, things and investment. When your finance reaches to this point, you will feel investment journey more comfortable and practicing DCA will become more easily and effortlessly.

There is need for emergency fund but having your discretionary Income and getting started is most important, it is important to get started  ASAP that is if you have your discretionary ready because it is from your discretionary that you can use in buying bitcoin and then work on your emergency fund and buy bitcoin from your discretionary Income using the dca to buy bitcoin weekly or monthly and hodl for 4-10 longer before then you might have also thought on how to increase your discretionary Income so it enable you to buy and for 4-10 from your discretionary Income.

We all earn more or less income to make ends meet. But if that income can be divided in accordance with the right rules, then life can always be enjoyed beautifully. There are many people who earn good income and live well, but at one point the lack of proper decisions can be seen that life becomes difficult. So we should all divide the income into a few steps. In addition to emergency funds, you need to have a consideration and prudence fund. Emergency funds are needed to meet the daily needs and to sustain it. Need to have a consideration of a consideration. Because if you have a consideration fund, you will be able to create prudence funds and protect your emergency fund that will play an effective role in your long -term Bitcoin investment and the DCA system plays a more effective role in sustaining Bitcoin investment.

[Stormisover]

Put 3 times your stable income in the emergency fund and reserve fund.

Do you really know what you are saying? had it been you said 3/4 of your discretionary income it could have sounded better than saying x3 of your stable income. Let me make it clear to you because i can see that you think emergency and reserved funds should be a fixed amount but if that's what you are trying to spell then you are wrong because it's from your discretionary income that you will scrap out emergency and reserved funds which means that each time you DCA, you will have to cut out some money and add it up to your existing emergency and reserved funds. They are not fixed as they vary based on how much you can be able to make available after your DCA amount have been taken care of, any amount that is left can stand for emergency needs and as reserve funds.

I would say that after our basic needs money has been allocated, the next inline should be our emergency funds before the DCA money and the rest of it like the reserve funds and float cash, where it only becomes problematic is when you decide to wait until you have an emergency funds prior to getting started but on the occasion of already starting accumulating Bitcoin, in the scale of preference for me I would prefer allocating to my emergency funds first before considering my DCA amount based on the available discretionary income.

Many guys have already suggested that if a guys is a low coiner or no coiner, then there is no reason to even have an emergency fund prior to having some BTC, yet I personally like the idea of building emergency funds and bitcoin stash size at a similar rate... until the emergency fund gets up to at least 3 months of expenses.  

Surely many guys might start out investing into bitcoin , and they already have some cash back up funds that might be 2 weeks to 6 weeks of their expenses, so many guys are already accustomed to living with some good cashflow management practices that maintain some cash cushion in regards to their being able to cover expenses between times that they receive income...so if a person is earning $400 per month and he tends to have $250 in expenses each month, then he might have $125 to $350 in extra cash, so he already has the start of an emergency fund, even though his goal may well be to build up his emergency fund to be at least $750, he also could start buying bitcoin right away since he has no bitcoin yet he already has some semblance of an emergency fund in place, and perhaps he could dedicate 75% of his discretionary income to bitcoin and 25% to his emergency fund.. ..and in the case of this guy, he has about $150 per month of discretionary income, so he could dedicated $112 to bitcoin and $38 toward building up his emergency fund.  

Don't know why there's suggestion that there's no need for low coiner to have emergency funds since the same with people could able to spend they are also prone for risk to lose their money for something like wrong decisions or actions made. They should set it up according to the amount they can able to allocate,  since everything is fine even if they are low coiner as long as they set up good plans for their future.

Setting up an emergency funds for 3 - 6 months is enough and when they achieve that they can proceed to use their money for their investment. Its crazy that other people seems don't have have timeline intended for their emergency funds. Since if they continue to save money for emergency funds used with no intention to stop, then I think they are wasting some opportunity to earn more especially if they hide their emergency funds on stable coins or in fiat.

Also I like your explanation on figures and for sure people would learn a lot from your insights given.

The idea is that instead of a low or now coiner to wait or say that they must has an emergency funds up to 3 to 6 months ready before they can start buying Bitcoin, the advice is that we can be buying Bitcoin gradually at the same time be building our emergency funds. We don't have to considered building our emergency funds first prior to getting started with our investment since it can be work on and be buying Bitcoin with the DCA, 3 to 6 months is a long time to be waiting to build up emergency funds before the start of buying Bitcoin,  for someone who a discretionary income they can be allocating certain percentage of their discretionary income to an emergency funds and at the same time be allocating to their DCA. Generally an emergency funds is good for all categories of investors including a no coiner but it shouldn't be a criteria before starting of Bitcoin investment because the DCA strategy gave room on improving our selves in various areas and at the same time buying Bitcoin.

[Princess Leah]

There is need for emergency fund but having your discretionary Income and getting started is most important, it is important to get started  ASAP that is if you have your discretionary ready because it is from your discretionary that you can use in buying bitcoin and then work on your emergency fund and buy bitcoin from your discretionary Income using the dca to buy bitcoin weekly or monthly and hodl for 4-10 longer before then you might have also thought on how to increase your discretionary Income so it enable you to buy and for 4-10 from your discretionary Income.

We all earn more or less income to make ends meet. But if that income can be divided in accordance with the right rules, then life can always be enjoyed beautifully. There are many people who earn good income and live well, but at one point the lack of proper decisions can be seen that life becomes difficult. So we should all divide the income into a few steps. In addition to emergency funds, you need to have a consideration and prudence fund. Emergency funds are needed to meet the daily needs and to sustain it. Need to have a consideration of a consideration. Because if you have a consideration fund, you will be able to create prudence funds and protect your emergency fund that will play an effective role in your long -term Bitcoin investment and the DCA system plays a more effective role in sustaining Bitcoin investment.

That's why everyone needs to be right with their decision making especially when it comes to management of funds, some people don't know how to manage their funds that's why they mostly have financial issues despite having a good income, when one learn to manage their funds properly, then they'll leave a beautiful and enjoyable life for a life time, it would also aid their investment journey cause they'll be able to separate emergency funds from that meant for investment.

 Life can be tough atimes but easy when we make the right decisions, the fact that someone is earning a good income doesn't mean they should spend recklessly, the future matters and that's why investment is very important, having a good income alone is a hope that the future would be better therefore people should learn to spend according to their income, make budgets and set aside funds meant for investment for the future, the DCA have already made it easier for those with steady income to easily invest overtime for the future, but like you said, a person's decision making matters and if they make the wrong decision then they'll regret in future.

[Promocodeudo]

It sounds like you are proclaiming a need to build emergency funds first, and sure you can do whatever you like, but I think that is a dumb way to go about it.  From my point of view it is best to get started investing into bitcoin as soon as possible, and one of the only prerequisites before investing into bitcoin is to make sure that you have discretionary income, whether it is $10 or some other higher amount..and then work on investing every week and figure out your other various bitcoin-related and cashflow management  skills along the way while you are already investing into bitcoin within your discretionary income.. with hopefully a goal of investing into bitcoin for 4-10 years or longer.  If you cannot invest into bitcoin for 4-10 years or longer, then you might not have enough discretionary income in order to establish that and surely there should be efforts to figure out those matters, yet you might not even have to commit to investing into bitcoin for 4-10 years or longer to get started investing into bitcoin, yet it is still important to consider that 4-10 years or longer is likely the investment timeline for bitcoin.

In as much as I know that emergency funds are very important for someone that wants to start building a portfolio in Bitcoin investment, I also know that there's no where it was written that investors must have emergency funds ready before they can actually invest in Bitcoin, I think people misundertand this things that's why they get confused on how to start.
Just as you said, what every investment need from the start is a constant income no matter how small it is just plan with it and start investing with the amount that can not put on pressure, after all it is just for a start, it doesn't mean that the amount you started with will be maintained like that, one can actually increase his or her DCA once he or she has what it takes to do so, the major thing is to start the journey first because there's danger in waiting and procrastinating with this thing called emergency fund.
For me Bitcoin investment is about consistency and your ability to remain focused and persevere, the amount you use from the beginning doesn't really count rather what matters is your zeal to buy with higher amounts once you get better source of income and hodl for a long-term of about 10years upward.

[I_Anime]

Many guys have already suggested that if a guys is a low coiner or no coiner, then there is no reason to even have an emergency fund prior to having some BTC, yet I personally like the idea of building emergency funds and bitcoin stash size at a similar rate... until the emergency fund gets up to at least 3 months of expenses.

Building up your emergency fund is important because life is unpredictable and you might be in urgent situation anytime. Emergency fund is more vital for people who are living in third world, developing countries where social wealthfare is shit and nearly does not exist.

Having small or big emergency fund depends on your priority and your personal finance but ignoring this emergency fund building is very dangerous for everyone.

Generally speaking, when a person builds up an emergency fund to something like 3 months, there is no need to continue to add to it, unless the person is wanting to increase the emergency fund to a higher amount based on their own circumstances, such as if they have some known issues with uncertainties regarding income and/or expenses.

If your emergency fund is big enough to cover your urgent need when it comes, it's enough and no need to add more money to it, I agree with you. When you reach to this cap of your personal emergency fund, you can reserve most of your income for spendings for necessary bills, things and investment. When your finance reaches to this point, you will feel investment journey more comfortable and practicing DCA will become more easily and effortlessly.

There is need for emergency fund but having your discretionary Income and getting started is most important, it is important to get started  ASAP that is if you have your discretionary ready because it is from your discretionary that you can use in buying bitcoin and then work on your emergency fund and buy bitcoin from your discretionary Income using the dca to buy bitcoin weekly or monthly and hodl for 4-10 longer before then you might have also thought on how to increase your discretionary Income so it enable you to buy and for 4-10 from your discretionary Income.

We all earn more or less income to make ends meet. But if that income can be divided in accordance with the right rules, then life can always be enjoyed beautifully. There are many people who earn good income and live well, but at one point the lack of proper decisions can be seen that life becomes difficult. So we should all divide the income into a few steps. In addition to emergency funds, you need to have a consideration and prudence fund. Emergency funds are needed to meet the daily needs and to sustain it. Need to have a consideration of a consideration. Because if you have a consideration fund, you will be able to create prudence funds and protect your emergency fund that will play an effective role in your long -term Bitcoin investment and the DCA system plays a more effective role in sustaining Bitcoin investment.

Yeah is all about proper planning , some folks lacks the ability to plan well because any decision you take now will determine how your gonna be , for instance starting bitcoin investment is base On one choices , you can choose to start now or you can even choose not to start at all and no one will force because you have the right to make decisions yourself.  Thats most time some folks will be given some certain excuses not to start investing in bitcoin like the price is too expensive, I want to have huge amount of money first all such of excuses well you know you can start your investment smoothly without those excuses you given , just by making proper planning .

[Rabata]

Many guys have already suggested that if a guys is a low coiner or no coiner, then there is no reason to even have an emergency fund prior to having some BTC, yet I personally like the idea of building emergency funds and bitcoin stash size at a similar rate... until the emergency fund gets up to at least 3 months of expenses.

Building up your emergency fund is important because life is unpredictable and you might be in urgent situation anytime. Emergency fund is more vital for people who are living in third world, developing countries where social wealthfare is shit and nearly does not exist.

Having small or big emergency fund depends on your priority and your personal finance but ignoring this emergency fund building is very dangerous for everyone.

Generally speaking, when a person builds up an emergency fund to something like 3 months, there is no need to continue to add to it, unless the person is wanting to increase the emergency fund to a higher amount based on their own circumstances, such as if they have some known issues with uncertainties regarding income and/or expenses.

If your emergency fund is big enough to cover your urgent need when it comes, it's enough and no need to add more money to it, I agree with you. When you reach to this cap of your personal emergency fund, you can reserve most of your income for spendings for necessary bills, things and investment. When your finance reaches to this point, you will feel investment journey more comfortable and practicing DCA will become more easily and effortlessly.

There is need for emergency fund but having your discretionary Income and getting started is most important, it is important to get started  ASAP that is if you have your discretionary ready because it is from your discretionary that you can use in buying bitcoin and then work on your emergency fund and buy bitcoin from your discretionary Income using the dca to buy bitcoin weekly or monthly and hodl for 4-10 longer before then you might have also thought on how to increase your discretionary Income so it enable you to buy and for 4-10 from your discretionary Income.

We all earn more or less income to make ends meet. But if that income can be divided in accordance with the right rules, then life can always be enjoyed beautifully. There are many people who earn good income and live well, but at one point the lack of proper decisions can be seen that life becomes difficult. So we should all divide the income into a few steps. In addition to emergency funds, you need to have a consideration and prudence fund. Emergency funds are needed to meet the daily needs and to sustain it. Need to have a consideration of a consideration. Because if you have a consideration fund, you will be able to create prudence funds and protect your emergency fund that will play an effective role in your long -term Bitcoin investment and the DCA system plays a more effective role in sustaining Bitcoin investment.

Yeah is all about proper planning , some folks lacks the ability to plan well because any decision you take now will determine how your gonna be , for instance starting bitcoin investment is base On one choices , you can choose to start now or you can even choose not to start at all and no one will force because you have the right to make decisions yourself.  Thats most time some folks will be given some certain excuses not to start investing in bitcoin like the price is too expensive, I want to have huge amount of money first all such of excuses well you know you can start your investment smoothly without those excuses you given , just by making proper planning .

If an investor does not understand the importance of holding Bitcoin, then he will never be able to hold it. First of all, he should focus on why he should hold Bitcoin. He should understand why investing in Bitcoin is better than other investment platforms. Until an investor can gain a good understanding of this issue, he will never be interested in Bitcoin. There are some people who look for good opportunities, especially those who are very aware of the world, for them Bitcoin investment platforms are definitely the best. They want to use their intelligence and conscience. They think about how they want to improve their financial position in the world. It is easy for them to invest. Those who want to use their talent never find excuses.

[JayJuanGee]

It sounds like you are proclaiming a need to build emergency funds first, and sure you can do whatever you like, but I think that is a dumb way to go about it.  From my point of view it is best to get started investing into bitcoin as soon as possible, and one of the only prerequisites before investing into bitcoin is to make sure that you have discretionary income, whether it is $10 or some other higher amount..and then work on investing every week and figure out your other various bitcoin-related and cashflow management  skills along the way while you are already investing into bitcoin within your discretionary income.. with hopefully a goal of investing into bitcoin for 4-10 years or longer.  If you cannot invest into bitcoin for 4-10 years or longer, then you might not have enough discretionary income in order to establish that and surely there should be efforts to figure out those matters, yet you might not even have to commit to investing into bitcoin for 4-10 years or longer to get started investing into bitcoin, yet it is still important to consider that 4-10 years or longer is likely the investment timeline for bitcoin.

Exactly! To start Bitcoin, we should ensure our discretionary income and set an initial stage of how much to deposit. As you have recommended, save at least $10 and above. I feel the need for a backup fund, but we should start saving Bitcoin at the beginning and implement an effective strategy for our investment so that it is long-term. Some new investors like us may have doubts in some areas such as making the investment horizon 4-10 years.

If you (or any of the other bitcoin newbies) are afraid about committing to 4-10 years or more for your investment, then you might have to reduce your investment size so that you are not so attached to it and you are able to at least try to commit to a longer timeline rather than thinking about bitcoin as a shorter-term trade.

Of course, you can do what you want, but if you are putting relatively small amounts of money (and surely I recommend at least $10 per week), then you should be able to figure out ways that you are not thinking about withdrawing from that money for 10 years or more.. especially if you are neither elderly or with health considerations that might disrupt your ability to commit to investing into bitcoin for longer periods of time.

There is no need to get overly greedy, yet at the same time, the more you are able to invest without overdoing it, then the more likely that you will be in a better position when it comes time for you to transition into either maintenance mode or into sustainable withdrawal mode.

I am sure that if someone starts investing from discretionary income and he creates a backup fund to do it regularly he will be able to easily pull accordingly that you say.

There are ways that it can be easy, yet usually it is not easy - especially since bitcoin tends to be so volatile, and if you are committing value to bitcoin, then even if the amounts seem small, they start to add up and they tempt you into selling too much too early.

If you are poor, and you never had much investment, even after 4-6 years, you might start to get tempted to tap into your bitcoin investment, and you may well get tempted to tap into it earlier than 4 years, and generally guys end up making mistakes of stopping their adding to their investment too early and also selling way too much too soon.  It is not easy, and you don't even have to be poor to make those kinds of mistakes.

Investors may have some differences about the size of a decent backup fund some may feel comfortable keeping it for six months or more or two years.

I think that it is problematic holding that quantity of back up funds, and that is part of the reason that I suggest 3 months for emergency funds, and sure, if you have an additional 3 months of reserve funds, then I have no real problem with that, but if you are keeping large quantities, then yhou are likely suffering from having way too much non-working cash. Generally your emergency fjunds are not really working, except maybe you have them in an interest bearing account that might give you 1% per year or some other low return.  Your emergency funds need to tend to be pretty liquid.  Now if you have additional reserve funds that are larger than your emergency funds (perhaps another 3 months?), then maybe those do not need to be as liquid, but it still seems to me that they need to be somewhat liquid, so that you would be able to get them within a month or so as you might be using up your emergency funds, and then needing to tap into your reserve funds, even though in theory the emergency funds are tapped last, but logistically if you have other funds that are a bit less liquid, then if an actual emergency comes, they you would likely have to tap into the most liquid funds first.. and then the less liquid funds would be in the process of being made available to either replace the emergency funds or to be used in the event that the emergency is continuing.  

How much you feel that you need for these various kinds of back up funds are surely customized to your own finances, psychology, and/or personal judgement, and many times we are not going to come to similar outcomes in terms of how each of us ends up making our allocations of such funds and/or how we are holding them.. but part of the reason to even create so many kinds of back up funds tends to be to protect your bitcoin investment, and it seems to me that if you are prioritizing all these various kinds of fiat-based backup funds, and you don't have shit for quantity within your bitcoin investment, then it seems to me that you would be missing the plot, since part of the importance of bitcoin is to attempt to put some priority into it rather than just creating a bunch of systems in which you are holding a whole bunch of worthless cash that is largely depreciating in value faster than you can replace it..so if you are holding too much cash, you will find that you have a full time job fucking around keeping your various cash reserves up and the investment that matters (which is bitcoin) would be being neglected and/or deprioritized due to your lack of focus and your lack of an ability to recognize that bitcoin is the prize not the fucking around holding various kinds of cash...so you have to be ongoingly putting a decent amount of value in bitcoin and not be overly holding way more cash than is prudent and/or practical.

To me, it seem that guys who are overly prioritizing building their emergency funds and/or back up funds greater than building up their bitcoin, they are likely going to stay losing and overallocating to cash and failing/refusing to allocate and/or sufficiently/adequately prepare their bitcoin holdings for up.

For investment horizon and growth of holdings. Additionally, floating cash funds can entice investors to buy more during a bear market and this type of trend adds more Bitcoin to the portfolio.

I tend to think of floating funds as the kind of money that guys have from month to month that they are keeping as extra since they do not necessarily know their exact expenses, so they have to keep some extra money floating in their possession (or their accounts), otherwise, once they figure out their expenses, then some of that floating money (to the extent that it is not floated into the next month) would come available as discretionary income to be able to buy things, invest into bitcoin or to put into back up funds.  

So yeah, there is a category of back up funds (usually referred to as reserve funds) that a guy could hold for buying on dips.  I find that there is nothing wrong with potentially holding up to 25% the amount that you are regularly buying into bitcoin for the purposes of buying dips, yet buying dips as a strategy is not a good one, since it tends to result in guys being overly whimpy in their bitcoin investment and spending a lot of time waiting rather than ongoingly, persistently, consistently and perhaps even aggressively buying bitcoin.

To me, it seems that you, laijsica, are overly inclined to be wanting to hold back on your bitcoin investment and to overly allocate to cash, and sure, that is your choice in terms of the extent to which you feel more comfortable being whimpy rather than aggressive in your approach to bitcoin investing.. and frequently, I consider that it is better to be a whimpy investor in bitcoin rather than failing/refusing to invest into bitcoin.

Put 3 times your stable income in the emergency fund and reserve fund.

Do you really know what you are saying? had it been you said 3/4 of your discretionary income it could have sounded better than saying x3 of your stable income. Let me make it clear to you because i can see that you think emergency and reserved funds should be a fixed amount but if that's what you are trying to spell then you are wrong because it's from your discretionary income that you will scrap out emergency and reserved funds which means that each time you DCA, you will have to cut out some money and add it up to your existing emergency and reserved funds. They are not fixed as they vary based on how much you can be able to make available after your DCA amount have been taken care of, any amount that is left can stand for emergency needs and as reserve funds.

I would say that after our basic needs money has been allocated, the next inline should be our emergency funds before the DCA money and the rest of it like the reserve funds and float cash, where it only becomes problematic is when you decide to wait until you have an emergency funds prior to getting started but on the occasion of already starting accumulating Bitcoin, in the scale of preference for me I would prefer allocating to my emergency funds first before considering my DCA amount based on the available discretionary income.

Many guys have already suggested that if a guys is a low coiner or no coiner, then there is no reason to even have an emergency fund prior to having some BTC, yet I personally like the idea of building emergency funds and bitcoin stash size at a similar rate... until the emergency fund gets up to at least 3 months of expenses.  

Surely many guys might start out investing into bitcoin , and they already have some cash back up funds that might be 2 weeks to 6 weeks of their expenses, so many guys are already accustomed to living with some good cashflow management practices that maintain some cash cushion in regards to their being able to cover expenses between times that they receive income...so if a person is earning $400 per month and he tends to have $250 in expenses each month, then he might have $125 to $350 in extra cash, so he already has the start of an emergency fund, even though his goal may well be to build up his emergency fund to be at least $750, he also could start buying bitcoin right away since he has no bitcoin yet he already has some semblance of an emergency fund in place, and perhaps he could dedicate 75% of his discretionary income to bitcoin and 25% to his emergency fund.. ..and in the case of this guy, he has about $150 per month of discretionary income, so he could dedicated $112 to bitcoin and $38 toward building up his emergency fund.  

Don't know why there's suggestion that there's no need for low coiner to have emergency funds since the same with people could able to spend they are also prone for risk to lose their money for something like wrong decisions or actions made. They should set it up according to the amount they can able to allocate,  since everything is fine even if they are low coiner as long as they set up good plans for their future.

Setting up an emergency funds for 3 - 6 months is enough and when they achieve that they can proceed to use their money for their investment. Its crazy that other people seems don't have have timeline intended for their emergency funds. Since if they continue to save money for emergency funds used with no intention to stop, then I think they are wasting some opportunity to earn more especially if they hide their emergency funds on stable coins or in fiat.
Also I like your explanation on figures and for sure people would learn a lot from your insights given.

I am not going to claim that it is easy to figure out the balancing of the building of the emergency fund along with building the bitcoin investment, and surely it could take a year or longer to build up both of those (the bitcoin investment and the emergency funds) to be 3 months or more of the guys expenses.

For sure, a guy is going to need to be careful when he is keeping some of his emergency funds in various kinds of stable coins rather than keeping the money in cash that is denominated in his own currency (how his bills are denominated), and I am not going to claim that it is easy to figure out ways to hold such large amounts of cash, yet if a guy is building his bitcoin and his cash up at the same time, the quantity of bitcoin can help to justify the amount of cash or other ways of holding the back up funds as to show the reason why the funds are being kept (to protect the bitcoin and even to justify the building of the bitcoin funds to larger amounts that might end up fluctuating in their dollar/fiat valuations in great kinds of ways).

[edited out]

We all earn more or less income to make ends meet. But if that income can be divided in accordance with the right rules, then life can always be enjoyed beautifully. There are many people who earn good income and live well, but at one point the lack of proper decisions can be seen that life becomes difficult. So we should all divide the income into a few steps. In addition to emergency funds, you need to have a consideration and prudence fund. Emergency funds are needed to meet the daily needs and to sustain it.

Emergency funds are not used for daily needs.  Emergency funds are back up funds that are built up from discretionary funds... .

Discretionary funds are the amount of money that you have left after you have accounted for your daily expenses through your funds for expenses.  Funds for expenses are used to pay for your daily needs.. and if you have extra, then that is discretionary funds that can be used for anything you want, including the building up of an emergency fund and/or investing into bitcoin and/or any other way that you might want to spend such discretionary money.  

The reason that discretionary income is called discretionary is because it is extra.. It is beyond your needed expenses.  Of course you can create your own extra expenses that are discretionary expenses, and you can choose your standard of living so that your expenses end up being higher, so some of those extra expenses become part of your expenses, even though they are discretionary expenses that you chose.

Let's say that you have a business, and with that business you need either a van or a pickup truck, and you could buy a vehicle that would cost you around $2.5k and it will functionally work for your purposes, yet instead of buying the economical vehicle, you decide to buy a newer and nicer model that costs you $10k, and so surely within that expense, you have discretionarily chosen to increase your expenses by $7,500 for that vehicle, and maybe it gets you slightly more than the $2,500 version, yet maybe it is merely that you want more luxury that is not really necessary for the purposes of your business.  Maybe with the $2,500 vehicle, you could have had bought it with cash, yet the $10k version, you cannot afford to pay for it with cash right away, yet you are able to finance the car with 8.5% interest rates, so then in essence after the various costs of the loan, you might be paying around $320 per month for the next 3 years, and by the time you paid off the whole car loan and the interest, you would have had paid something around $11,500... yet with deferred payments of the whole amount.  There are various kinds of expenses that are discretionary, yet sometimes once they are locked in they might no longer be discretionary or easy to reverse.

Need to have a consideration of a consideration. Because if you have a consideration fund, you will be able to create prudence funds and protect your emergency fund that will play an effective role in your long -term Bitcoin investment and the DCA system plays a more effective role in sustaining Bitcoin investment.

You are speaking a lot of gobbledy-gook with this paragraph in which you are inventing terms and even potentially purposefully convoluting your terms and any possible meaningful ideas that you might have. You might need to rethink what you are saying, and perhaps if you are using some kind of translation program, you need to make sure what you are saying makes sense in your native language too... because you are speaking a lot of nonsense when it comes to the English version of whatever it is that you might be wanting to say.

[edited out]

The idea is that instead of a low or now coiner to wait or say that they must has an emergency funds up to 3 to 6 months ready before they can start buying Bitcoin, the advice is that we can be buying Bitcoin gradually at the same time be building our emergency funds. We don't have to considered building our emergency funds first prior to getting started with our investment since it can be work on and be buying Bitcoin with the DCA, 3 to 6 months is a long time to be waiting to build up emergency funds before the start of buying Bitcoin, 

If anyone is starting to build an emergency fund from scratch, it is going to tend to take way more than 3 months to build 3 months worth of emergency fund.  Even if a person dedicates 25% of his income to building an emergency fund, it may well take 1 year to build up 3 months of income into the emergency fund.

for someone who a discretionary income they can be allocating certain percentage of their discretionary income to an emergency funds and at the same time be allocating to their DCA. Generally an emergency funds is good for all categories of investors including a no coiner but it shouldn't be a criteria before starting of Bitcoin investment because the DCA strategy gave room on improving our selves in various areas and at the same time buying Bitcoin.

It could take well more than 1 year and maybe up to 2 years to build both the emergency fund and the amount invested in bitcoin up to 3 months each.  The bitcoin value could have gone up or down in terms of its dollar/fiat value during this early stage building process.

It sounds like you are proclaiming a need to build emergency funds first, and sure you can do whatever you like, but I think that is a dumb way to go about it.  From my point of view it is best to get started investing into bitcoin as soon as possible, and one of the only prerequisites before investing into bitcoin is to make sure that you have discretionary income, whether it is $10 or some other higher amount..and then work on investing every week and figure out your other various bitcoin-related and cashflow management  skills along the way while you are already investing into bitcoin within your discretionary income.. with hopefully a goal of investing into bitcoin for 4-10 years or longer.  If you cannot invest into bitcoin for 4-10 years or longer, then you might not have enough discretionary income in order to establish that and surely there should be efforts to figure out those matters, yet you might not even have to commit to investing into bitcoin for 4-10 years or longer to get started investing into bitcoin, yet it is still important to consider that 4-10 years or longer is likely the investment timeline for bitcoin.

In as much as I know that emergency funds are very important for someone that wants to start building a portfolio in Bitcoin investment, I also know that there's no where it was written that investors must have emergency funds ready before they can actually invest in Bitcoin, I think people misundertand this things that's why they get confused on how to start.

Whether the idea is written or not, each guy has to figure out the extend to which he get's started investing in bitcoin right away or gets distracted by nonsensical delaying tactics.

Just as you said, what every investment need from the start is a constant income no matter how small it is just plan with it and start investing with the amount that can not put on pressure,

I did not say anything about a need for "constant income" prior to getting started investing into bitcoin, even though I did say that there is a need to have discretionary income.

after all it is just for a start, it doesn't mean that the amount you started with will be maintained like that, one can actually increase his or her DCA once he or she has what it takes to do so, the major thing is to start the journey first because there's danger in waiting and procrastinating with this thing called emergency fund.

I agree with this, including that if a person builds a steady income then he is likely going to put himself in a better position to both continue his investing into bitcoin and also not be tempted to withdraw from it.  Further, like you mentioned, he can increase his amout with the passage of time (and the increased comfort of his income) too.

For me Bitcoin investment is about consistency and your ability to remain focused and persevere, the amount you use from the beginning doesn't really count rather what matters is your zeal to buy with higher amounts once you get better source of income and hodl for a long-term of about 10years upward.

I agree with the presumption that the longer that guys invest into bitcoin, the more likely they will be able to find ways to increase their discretionary income by increasing their income and/or by cutting their expenses.  .. yet there still can be a lot of value to learn those kinds of lessons early in the bitcoin investment journey rather guys diddly-dallying around and taking a long time to figure out that maybe they should increase their bitcoin investment.

Bitcoin remains a kind of investment that continues to reward the earlier adopters disproportionately to the laggards, and so the earlier that any of us figures out value in regards to investing into bitcoin as aggressively as we are able to do (without over doing it), then the more likely we are going to be rewarded for our early aggressiveness... Bitcoin's investment thesis is not getting any weaker, even though the slope of its price curve is likely becoming less and less steep with the passage of time.

We are still early.. and there is no way to turn back the clock to make up for any mistakes that you made by not getting started earlier or not being as aggressive as you should have had been earlier. So, each of us decides from today in regards to how aggressive that we are able to be in regards to our bitcoin accumulation without over doing it.

[Churchillvv]

We are still early.. and there is no way to turn back the clock to make up for any mistakes that you made by not getting started earlier or not being as aggressive as you should have had been earlier. So, each of us decides from today in regards to how aggressive that we are able to be in regards to our bitcoin accumulation without over doing it.

Even though it might seem like we are late into bitcoin investment yet starting is much more better way to cope without our regrets, yeah of course bitcoin was cheaper in the past when we didn't grasp the opportunity but then today is cheapest we can get it because bitcoin is still going to move much high in the long run even though it's not guaranteed yet there is a high chance for bitcoin compared to another investments.

Perhaps if one have much capital to start his investment then front loading or bitcoin investment is much encouraged but however not much of us here will be able to front load then having to examine our personal financial situation using the 9 principle individual factors will be a good step in order not over do it.

[Mrbluntzy]

In other to be a successful investor in Bitcoin, you need to have additional source of income not only your discretionary income can make you a successful investor because if there is an inflation in the economy without the increment of your discretionary income how will you cope with the little left.
You can only be successful in your investment and increasing your portfolio if you have your emergency fund and reserve fund which makes it easier and comfortably to accumulate even when using the DCA strategy, you still need to have a reserve and emergency fund tobe a successful investor , when you have these two back-up funds there is no way you will use the money meant for your upkeep to purchase Bitcoin because they are always there as a support for you at anytime you are in need of funds.

You must definitely have a source of income before you can be able to invest comfortably into Bitcoin. For example, if you have a job, you can decide to invest some part of your wage into Bitcoin, and if you are consistently getting wages, you can continue to accumulate. Someone that doesn't have any consistent source of income would not invest too well, as much as guys that have constant income, that's why in my previous post, I talked about flexible investment in Bitcoin. The DCA is already a flexible strategy which is not compelling for how much you must invest. Even if it's $5 or $10 you have, you can invest, very flexible.

Additional  source of income to your already existing source will boost your revenue and it can further help you to increase the amount that you are investing into Bitcoin using your preference of allocation in the DCA strategy.

[BitBakerr1]

We are still early.. and there is no way to turn back the clock to make up for any mistakes that you made by not getting started earlier or not being as aggressive as you should have had been earlier. So, each of us decides from today in regards to how aggressive that we are able to be in regards to our bitcoin accumulation without over doing it.

Even though it might seem like we are late into bitcoin investment yet starting is much more better way to cope without our regrets, yeah of course bitcoin was cheaper in the past when we didn't grasp the opportunity but then today is cheapest we can get it because bitcoin is still going to move much high in the long run even though it's not guaranteed yet there is a high chance for bitcoin compared to another investments.

Perhaps if one have much capital to start his investment then front loading or bitcoin investment is much encouraged but however not much of us here will be able to front load then having to examine our personal financial situation using the 9 principle individual factors will be a good step in order not over do it.

No one who wants to start his or her Bitcoin investment is late reasoning being that bitcoin investment is still growing there where people who started investing in Bitcoin when it was just 1$ and there where people who started when Bitcoin was $1k and also people who started when Bitcoin was $10k each of this people's success will be according to how patient and consistent they where when they started, starting now those not make you late because Bitcoin is still growing bigger and better your patience and consistency will determine how far you will go any time you decide to start investing and not The time you start, you can start today but with your patience and consistency you can accumulate more than someone who started when Bitcoin was $50k or even less, so no one is late in Bitcoin investment.

You can front load your Bitcoin with loan however make sure the loan is such that they will only be withdrawing little amount from your salary in other to payback and will be done like that till you finish the payment and let the interest rate be a low one. This is just a suggestion if you must take loan to front load your Bitcoin investment.

[JayJuanGee]

We are still early.. and there is no way to turn back the clock to make up for any mistakes that you made by not getting started earlier or not being as aggressive as you should have had been earlier. So, each of us decides from today in regards to how aggressive that we are able to be in regards to our bitcoin accumulation without over doing it.

Even though it might seem like we are late into bitcoin investment yet starting is much more better way to cope without our regrets, yeah of course bitcoin was cheaper in the past when we didn't grasp the opportunity but then today is cheapest we can get it because bitcoin is still going to move much high in the long run even though it's not guaranteed yet there is a high chance for bitcoin compared to another investments.

Perhaps if one have much capital to start his investment then front loading or bitcoin investment is much encouraged but however not much of us here will be able to front load then having to examine our personal financial situation using the 9 principle individual factors will be a good step in order not over do it.

Frequently, I consider not overdoing it in connection with our attempts (and hopefully success) to keep investing within our discretionary income and to not invest beyond our discretionary income.  Of course, one of the mechanisms that we use for staying within our discretionary income is to make sure our strong cashflow management also has various back up funds that include emergency funds, reserve funds and even a well-managed float... if we are not sure if our bills for the month are going to be $140 or $310, then it is likely to keep that $310 in our float until the bills are confirmed.. and so then if there happens to be some left over, then at that point we are able to spend from it to buy bitcoin or however else we might be choosing to use our discretionary income once the discretionary income is confirmed.

In my more than 11 years in bitcoin, there have been quite a few times that I have made mistakes, yet prior to my coming to bitcoin, I had already established decently good cashflow management practices that also included the maintenance of various kinds of back up funds... so sometimes, even if the mistake is somewhat large, I usually would have enough various kinds of back up funds, that I would not tend to need to actually touch emergency funds.. but surely, sometimes, there are several mistakes at once, so then we might try to figure out how we might manage to both draw from our back up funds to address the mistakes, yet also the mistakes might set us back a month or two or even three, if we have to rebuild some of the back up funds that we ended up drawing from.. and yeah, in the meantime hopefully we are not putting ourselves in  a position that we are having to draw from our bitcoin at at time that is not completely of our own choosing... .

And even for me, I have had some times where I did have to draw upon my bitcoin at times that were not completely of my own choosing, too...but so far, my drawing on my bitcoin has been relatively small amounts, and for me it is less problematic since my draws on my bitcoin were quite a bit after I had mostly already gotten through my accumulation phase (which was mostly completed in 2014, but still persisted a bit longer than I had wanted in 2015 and 2016), and the specific example that I am thinking about is when in late 2018, I had to draw upon about 3% of my bitcoin stash based on construction work that I had going on and throughout 2018, I knew that construction bills were going to be coming in, so I had been saving up and preparing for the various construction bills to be coming in, but then the BTC price kept dropping throughout 2018, and I kept buying BTC with my available money and even assuming that the BTC price was going to stay above $6k, yet in November 2018, there were quite a few bills coming in but I did not have enough cash to cover all of the bills.. even though the BTC price was bouncing between about $3,800 and $4,200.... and so I then ended up selling around 3% of my BTC stash around that time, and within a few days buying back around 30% of the quantity that I sold, so then in some sense perhaps my total mistaken sale added up to about 2% of my bitcoin stash, and to this day, I have some regrets regarding how I handled that whole matter, even though I thought that I was handling it well at the time, I ended up going overboard with my own cashflow management errors... my lack of preparation for the timing of the receipt of the construction bills and even my failure to allow for the possibility of cost overruns, which truly is also common with many construction projects. but then also my assumption that the BTC price would stay over $6k was also faulty.. since it dropped more than 60% from my projection of the low, so I had been overly presumptuous and not sufficiently prepared for what actually ended up happening.

In other to be a successful investor in Bitcoin, you need to have additional source of income not only your discretionary income can make you a successful investor because if there is an inflation in the economy without the increment of your discretionary income how will you cope with the little left.
You can only be successful in your investment and increasing your portfolio if you have your emergency fund and reserve fund which makes it easier and comfortably to accumulate even when using the DCA strategy, you still need to have a reserve and emergency fund tobe a successful investor , when you have these two back-up funds there is no way you will use the money meant for your upkeep to purchase Bitcoin because they are always there as a support for you at anytime you are in need of funds.

You must definitely have a source of income before you can be able to invest comfortably into Bitcoin. For example, if you have a job, you can decide to invest some part of your wage into Bitcoin, and if you are consistently getting wages, you can continue to accumulate. Someone that doesn't have any consistent source of income would not invest too well, as much as guys that have constant income, that's why in my previous post, I talked about flexible investment in Bitcoin. The DCA is already a flexible strategy which is not compelling for how much you must invest. Even if it's $5 or $10 you have, you can invest, very flexible.

Additional  source of income to your already existing source will boost your revenue and it can further help you to increase the amount that you are investing into Bitcoin using your preference of allocation in the DCA strategy.

You seem to be adding to the confusion Mrbluntzy.  Sonia_123 stated confusion about having to have multiple source incomes, and then you Mrbluntzy want to say that there is a need for source income, but at the same time you want to suggest that there can be flexibility.  What you are saying is not wrong, even though it is confusing.

Yes it is preferable to have strong and steady income, yet to invest into bitcoin the income does not have to be strong and it does not have to be steady, even though it is easier to invest into bitcoin with strong and steady income, it is not a prerequisite for investing into bitcoin.

One prerequisite for investing into bitcoin is to have discretionary income, yet discretionary income can be high, low or medium, and discretionary income can also be inconsistent and unstable... .. so if there is a lot of erraticness in a guys income, he might not be able to add to his bitcoin investment during those times, depending on how severe is the erraticness.

The guys already investment into bitcoin is not going to be jeopardized as long as he continues to be able to cover his expenses, and perhaps he might have back up funds and emergency funds that would cover him during times that his income might be low and his expenses might be high.

There can be a lot of irregularities in the cashflows of normal people, yet they should not feel precluded from investing into bitcoin merely because their cashflows are irregular, yet surely they are going to have more comfortableness and less stress if they can improve their discretionary income by increasing their income and/or cutting their expenses and perhaps figuring out ways to improve the steadiness of their discretionary income... yet minimally, it surely is better if income is enough to cover all expenses, and surely it is even better if there are ways to have some income left over after the expenses to be able to invest some or all of that into bitcoin... but yeah, the situations of individuals are going to vary and each person has to figure out their ways of balancing their cashflows to figure out if they can continue to buy bitcoin and if so then how much and how frequently.. I personally prefer weekly buys, yet surely some irregular and/or erratic cashflows might cause difficulties for some guys to be able to achieve weekly BTC buys.

We are still early.. and there is no way to turn back the clock to make up for any mistakes that you made by not getting started earlier or not being as aggressive as you should have had been earlier. So, each of us decides from today in regards to how aggressive that we are able to be in regards to our bitcoin accumulation without over doing it.

Even though it might seem like we are late into bitcoin investment yet starting is much more better way to cope without our regrets, yeah of course bitcoin was cheaper in the past when we didn't grasp the opportunity but then today is cheapest we can get it because bitcoin is still going to move much high in the long run even though it's not guaranteed yet there is a high chance for bitcoin compared to another investments.

Perhaps if one have much capital to start his investment then front loading or bitcoin investment is much encouraged but however not much of us here will be able to front load then having to examine our personal financial situation using the 9 principle individual factors will be a good step in order not over do it.

No one who wants to start his or her Bitcoin investment is late reasoning being that bitcoin investment is still growing there where people who started investing in Bitcoin when it was just 1$ and there where people who started when Bitcoin was $1k and also people who started when Bitcoin was $10k each of this people's success will be according to how patient and consistent they where when they started, starting now those not make you late because Bitcoin is still growing bigger and better your patience and consistency will determine how far you will go any time you decide to start investing and not The time you start, you can start today but with your patience and consistency you can accumulate more than someone who started when Bitcoin was $50k or even less, so no one is late in Bitcoin investment.

You can front load your Bitcoin with loan however make sure the loan is such that they will only be withdrawing little amount from your salary in other to payback and will be done like that till you finish the payment and let the interest rate be a low one. This is just a suggestion if you must take loan to front load your Bitcoin investment.

A large number of people think they are late when they first come to bitcoin, yet since there is no way to turn back the clock, each person has to decide whether and if so how to invest into bitcoin based on coming to bitcoin today rather than fantasizing about having had been able to come to bitcoin earlier.

The advice to get started as soon as possible is going to continue to apply, so hopefully anyone coming to bitcoin can figure out how to get started and just start plow away at accumulating bitcoin, since it can take a long time, such as 4-10 years or longer just to build up a meaningful bitcoin investment portfolio, unless they might be able to front load their investment...and surely taking loans does not sound like a great way to get started, since any of us should be starting with easy and more basic techniques prior to jumping into more sophisticated ways of getting bitcoin.. and more sophisticated is not necessarily better, especially if you have not first gotten your cashflow management in order.

[Sonia_123]

We are still early.. and there is no way to turn back the clock to make up for any mistakes that you made by not getting started earlier or not being as aggressive as you should have had been earlier. So, each of us decides from today in regards to how aggressive that we are able to be in regards to our bitcoin accumulation without over doing it.

Even though it might seem like we are late into bitcoin investment yet starting is much more better way to cope without our regrets, yeah of course bitcoin was cheaper in the past when we didn't grasp the opportunity but then today is cheapest we can get it because bitcoin is still going to move much high in the long run even though it's not guaranteed yet there is a high chance for bitcoin compared to another investments.

Perhaps if one have much capital to start his investment then front loading or bitcoin investment is much encouraged but however not much of us here will be able to front load then having to examine our personal financial situation using the 9 principle individual factors will be a good step in order not over do it.

You don't need to have too much before start investing in Bitcoin, the most important thing is that you have what you can start with no matter how small you start building up your portfolio using your DCA strategy, self determination and one being focused also helps in achieving your aim of investment, you don't need to have the whole money that you feel will be very convinent in as much as you have a monthly inflow,then you set your budget.

[Tungbulu]

A large number of people think they are late when they first come to bitcoin, yet since there is no way to turn back the clock, each person has to decide whether and if so how to invest into bitcoin based on coming to bitcoin today rather than fantasizing about having had been able to come to bitcoin earlier.

The advice to get started as soon as possible is going to continue to apply, so hopefully anyone coming to bitcoin can figure out how to get started and just start plow away at accumulating bitcoin, since it can take a long time, such as 4-10 years or longer just to build up a meaningful bitcoin investment portfolio, unless they might be able to front load their investment...and surely taking loans does not sound like a great way to get started, since any of us should be starting with easy and more basic techniques prior to jumping into more sophisticated ways of getting bitcoin.. and more sophisticated is not necessarily better, especially if you have not first gotten your cashflow management in order.

That’s totally right. I hear a lot of people complaining and saying it’s too late to invest in Bitcoin now that the price is pretty expensive, and it’s pitiful to see some Bitcoin enthusiasts think that way. The honest truth is that, it’s never too late to join the Bitcoin party, it’s never too late to get started and join the moving train. I also advise such a person to focus on the opportunities that they see today and what they can make of it, rather than dwelling on the past and what could’ve been. 

The advice to get started ASAP is sharp for real, because some people would wanna have a lot of money to lump sum into Bitcoin, or have several sources of income that brings them so much income by the end of the day, but achieving this might take a lot of time, considering that there’s a lot of thing to get done, saving that much cash for investment might take a life time and so it is with building several sources of income, I could take years, and that’s how you’re missing out on certain opportunities. iIt’s really not about investing lots of cash first, every little bit that you invest counts and as long as ahoy apply consistency, patience and discipline. Yeah, building a very solid Bitcoin Portfolio may take a lot time, which is more reason that patience is key and never rush into anything, especially those things that’ll make you uncomfortable, start with what you’ve got and then expand your portfolio.

I see people say Bitcoin investment is very complicated, especially when you’re about to start, but that doesn’t have to be the case because you can start with the basics, like you dedicate time in learning and understanding how Bitcoin really works first, then move further to setting up your wallet, and then next thing is to learn about different investment/accumulation strategies, identify your financial goals and targets and then choose a strategy that aligns pretty well with your goals and then get started. It’s just as easy as that.

Yeah, I also think that taking loans simply because you wanna invest a sizable amount in Bitcoin is absolutely not the right way to go about this. Rather thinking of taking up loans for the sake of investing, it’s better to first set your financial foundation in order, as well as your financial backups and then you can start to explore more advanced strategies and techniques to invest.

And lastly, have your own pace and never compare or measure your pace and progress with someone else who may have already started their journey pretty much earlier, even if it’s someone you started the journey together, it’s still not idea to compare yourself, became every investor have their own pace and their journey. So focusing on yours would give you more insight and ideas on how to improve and advance, and no matter how small you think your achievements are, it’s best to celebrate them and work towards further growth.