Buy Buy Buy or Sell Sell Sell?

[IceLincoln]

I understand English very well and what I pointed out was correct about Barikui write up, I think your problem is you fine it difficult to comprehend a writing.
Now you have made same mistake by trying to explain to me what Barikui was saying now let me quote your explanation "Barikui is saying to start investing in bitcoin all you need is discretionary funds" now from this statement you said all someone needs to start a Bitcoin investment is a discretionary income, and I'm saying this could mislead a newbies who have gotten a little knowledge of backup funds in Investment, when a newbie wants to start Bitcoin investment and he knows about backup funds he needs it, not just discretionary income, we don't know when an emergency will happen so you guys should stop making it look as if starting a Bitcoin investment without a backup funds at first is good, an emergency can happen at the beginning or early stage of your investment so how will you over come it without a backup funds.
Backup funds is very much important, the only reason why we say you can start building your backup funds now is because they never had the knowledge of having a Backup funds now that they now have it is good they start building it a long side there investment, now this those not mean we should push same narrative to newbies, as a newbie before you start do well to have a little backup funds and then you can decide to build it alongside your investment or you start both at same time.

Hmm… you’re still not getting the point, all you need to start is that extra little money you can afford to lose which is your discretionary fund, you do not need to have an emergency fund before you can start your investment. For example I’m a newbie starting my investment with $10, surely it’s not a must to have an emergency fund at that stage but as I go on to increase my investment regularly, I’ll start planning for emergency funds to act as a hedge for my investment and reserve funds for my expenses.
So in order to sustain, maintain and continue my investment I’ll need to have an emergency and/or reserve funds but not necessarily to start. You get the point?.

[Cossyblack]

If an investor cannot keep an emergency fund or a reserve fund (backup fund), then he will put his investment at risk. Because an emergency fund is kept for danger. If an investor gets into danger while running his investment and there is no one to help him. Then if he has to sell the investment to get rid of that danger, then he will have no end of regrets. You can face many obstacles and dangers while investing. Therefore, an emergency fund or a reserve fund is necessary to deal with any emergency situation.

You right @Lembo69 it is very important we setup an Emergency funds alongside our Bitcoin investment. I also understand that Emergency funds are setup to protect our investments in Bitcoin and  to also prevent us from tampering with it whenever future real life Emergencies happens. If we wanna look at it from this very angle,you will agree with me that Emergency funds sometimes may not be enough to protect our Bitcoin investment 100% because there are some serious Emergencies situations that are bigger than what our emergency funds can solved. In other ways to counter situation like this, we should try as a much as possible to build a stronger Emergency funds that can handle bigger Emergencies.
However As investors our discretional income differs in sizes, likewise the low income earners who's discretional income isn't that big should consider building and funding their emergency reserved consistently for At least a period of 1 Year in other to have a stronger Emergency funds that is capable of handling bigger real life Emergencies situations.

[SmartCharpa]

Of a truth waiting to get all our budget figured out before getting started will make us not to start our accumulating journey on time, but I feel that this is supposed to be a personal decision if we are to get started or to wait until we get all this figured out. so you can't possibly say that is not necessary to wait until we get all this matters sorted out before getting started, as you can't speak for others, If you feel that getting started is your best step to take maybe with time you will be looking for a way to get all this matters figured out, is also a nice idea. So I feel that this is just a personal decision.

Everyone situation is different. Some people may be comfortable starting their financial journey without having everything planned out, but some people may want to first find out everything perfect before making any decisions. However, in my opinion, you should have at least a good plan prepared before getting started. Of course, beginning early has its advantages, but if you're not financially ready, you may make mistakes that may hold you down later. So it is not wrong for some people to take their time and plan well before investing.

At the end. I agree that it is a personal decision. What works for one person may not work for another. The most important thing is to know yourself and make sure you're doing what works best for you, whether that means starting now and sorting things out along the way or wait to prepare better.

[BitBakerr1]

To maintain investment consistency, I recommend a strategy that is very realistic for an investor to follow, such as if your discretionary income is 5% of your total income, then it can be considered very simple to allocate 4% of it to Bitcoin accumulation and the remaining 1% to an emergency fund. Therefore you can cycle for four years but even if it is not a decent holding for you, it will become a great habit to hold Bitcoin and will encourage you to cycle more.

I agree with you here, most people think they have to pour their entire discretionary funds into bitcoin investment, they forget that saving is a way to ensure that they don't get caught up in some kind of a financial crisis later in their investment journey, any smart investor should know to not invest with all their discretionary funds but to instead keep a certain percentage of it for a range of other purposes (emergency situation) this way they can relatively handle unexpected events that come up, sometimes our insurance aren't paid in time and we don't usually have the luxury of waiting for it, situations like this are remedied by our emergency or backup funds until insurance is cleared.
Investors need to understand that keeping some money aside from their discretionary funds is one way to safeguard their bitcoin investment.

The actual fact is that for you Bitcoin investment to be successful, you don't invest all your discretionary income, because it's through that discretionary income you remove your emergency funds and reserve funds, anything that makes you invest all your discretionary income, you are putting your Bitcoin investment at risk, because it will be just a matter of time before you falls back to your holdings to address some financial needs, but if your emergency and reserve funds are there, you wouldn't even contemplate on tempering with your Bitcoin investment, so in essence of what am trying to say is that all our discretionary income is not meant for investment in Bitcoin, some part of it are used to put an emergency funds and reserve funds in place, so in case you have any significant emergency situation in the future.

Futurexxx you are right however if you have already built a very strong backup funds which are emergency, reserve and float funds and you then want to be aggressive in your Bitcoin accumulation you can decide to use all your Discretionary income to accumulate is part of aggressiveness in Bitcoin accumulation and you won't have an issue because you already have a strong backup funds.
But if you don't have a backup funds is very wrong to use up all your Discretionary income to be accumulating Bitcoin because just like Futurexxx said you need some part of that discretionary to build your backup funds.

And if you have the mindset that you will be using all your Discretionary income to accumulate Bitcoin till it gets to a certain level even without having any backup funds then later you start building your backup funds, be ready to start your Bitcoin investment over again when an emergency hits you, emergency or financial problem is an unexpected event, so don't treat it as something you know when it will happen as an investor you need to be with your shield always.

[Kelward]

To maintain investment consistency, I recommend a strategy that is very realistic for an investor to follow, such as if your discretionary income is 5% of your total income, then it can be considered very simple to allocate 4% of it to Bitcoin accumulation and the remaining 1% to an emergency fund. Therefore you can cycle for four years but even if it is not a decent holding for you, it will become a great habit to hold Bitcoin and will encourage you to cycle more.

I agree with you here, most people think they have to pour their entire discretionary funds into bitcoin investment, they forget that saving is a way to ensure that they don't get caught up in some kind of a financial crisis later in their investment journey, any smart investor should know to not invest with all their discretionary funds but to instead keep a certain percentage of it for a range of other purposes (emergency situation) this way they can relatively handle unexpected events that come up, sometimes our insurance aren't paid in time and we don't usually have the luxury of waiting for it, situations like this are remedied by our emergency or backup funds until insurance is cleared.
Investors need to understand that keeping some money aside from their discretionary funds is one way to safeguard their bitcoin investment.

Discretionary funds goes beyond emergency funds and Bitcoin investment, it includes miscellaneous expenses and savings for short term projects like buying a new TV. It is not necessary that most of the money in your discretionary funds should be channelled to accumulating Bitcoin and a little percentage left for emergency funds. I believe that everybody should be at liberty to choose how they allocate their discretionary funds depending on the importance of their needs.

Personally I put Bitcoin accumulation as a priority in my discretionary funds but I cannot afford to be using 80% of it to be buying Bitcoin and leaving 20% for emergency funds. Maybe it works for some people but we shouldn't use it as a benchmark for everything that we can use discretionary funds for. This is because I have personal needs that falls into the discretionary funds like giving my family treats sometimes, making plans to spend on something that is important to me but not urgent.

[Onyeeze]

I understand English very well and what I pointed out was correct about Barikui write up, I think your problem is you fine it difficult to comprehend a writing.
Now you have made same mistake by trying to explain to me what Barikui was saying now let me quote your explanation "Barikui is saying to start investing in bitcoin all you need is discretionary funds" now from this statement you said all someone needs to start a Bitcoin investment is a discretionary income, and I'm saying this could mislead a newbies who have gotten a little knowledge of backup funds in Investment, when a newbie wants to start Bitcoin investment and he knows about backup funds he needs it, not just discretionary income, we don't know when an emergency will happen so you guys should stop making it look as if starting a Bitcoin investment without a backup funds at first is good, an emergency can happen at the beginning or early stage of your investment so how will you over come it without a backup funds.
Backup funds is very much important, the only reason why we say you can start building your backup funds now is because they never had the knowledge of having a Backup funds now that they now have it is good they start building it a long side there investment, now this those not mean we should push same narrative to newbies, as a newbie before you start do well to have a little backup funds and then you can decide to build it alongside your investment or you start both at same time.

Hmm… you’re still not getting the point, all you need to start is that extra little money you can afford to lose which is your discretionary fund, you do not need to have an emergency fund before you can start your investment. For example I’m a newbie starting my investment with $10, surely it’s not a must to have an emergency fund at that stage but as I go on to increase my investment regularly, I’ll start planning for emergency funds to act as a hedge for my investment and reserve funds for my expenses.
So in order to sustain, maintain and continue my investment I’ll need to have an emergency and/or reserve funds but not necessarily to start. You get the point?.

We should know that for you to succeed in investment we need to have a the following as a working tools or as a strategy to follow up your investment

● Do not invest what you can't afford to lose
● Do not rush and go into investment, neither small investment or large investment
● ensure that you have scrutinised the kind of the investment you are about to embark on
● Have in mind that you have to manage a risks, and you will lose or gain
● And also you don't need to use all your capital for first or second time of investment
● Having a backup capital to sustain your investment is necessary  

[Derekfunds]

To maintain investment consistency, I recommend a strategy that is very realistic for an investor to follow, such as if your discretionary income is 5% of your total income, then it can be considered very simple to allocate 4% of it to Bitcoin accumulation and the remaining 1% to an emergency fund. Therefore you can cycle for four years but even if it is not a decent holding for you, it will become a great habit to hold Bitcoin and will encourage you to cycle more.

I agree with you here, most people think they have to pour their entire discretionary funds into bitcoin investment, they forget that saving is a way to ensure that they don't get caught up in some kind of a financial crisis later in their investment journey, any smart investor should know to not invest with all their discretionary funds but to instead keep a certain percentage of it for a range of other purposes (emergency situation) this way they can relatively handle unexpected events that come up, sometimes our insurance aren't paid in time and we don't usually have the luxury of waiting for it, situations like this are remedied by our emergency or backup funds until insurance is cleared.
Investors need to understand that keeping some money aside from their discretionary funds is one way to safeguard their bitcoin investment.

The actual fact is that for you Bitcoin investment to be successful, you don't invest all your discretionary income, because it's through that discretionary income you remove your emergency funds and reserve funds, anything that makes you invest all your discretionary income, you are putting your Bitcoin investment at risk, because it will be just a matter of time before you falls back to your holdings to address some financial needs, but if your emergency and reserve funds are there, you wouldn't even contemplate on tempering with your Bitcoin investment, so in essence of what am trying to say is that all our discretionary income is not meant for investment in Bitcoin, some part of it are used to put an emergency funds and reserve funds in place, so in case you have any significant emergency situation in the future.

I disagree with you dude, our emergency and reserve funds doesn't come from or is not gotten from our discretionary rather it is also part of the money that an investor split while making budget of everything from his or her income. Therefore, discretionary is a separate money on its own that its purpose is for accumulating Bitcoin to increase our portfolio while that of emergency and reserve are also separate money that is used majorly for a specific task, because each of this money has specific activity they are to be used for and if peradventure any of these funds is not used accordingly, it can result to so many things depending.

[Moreno233]

I understand English very well and what I pointed out was correct about Barikui write up, I think your problem is you fine it difficult to comprehend a writing.
Now you have made same mistake by trying to explain to me what Barikui was saying now let me quote your explanation "Barikui is saying to start investing in bitcoin all you need is discretionary funds" now from this statement you said all someone needs to start a Bitcoin investment is a discretionary income, and I'm saying this could mislead a newbies who have gotten a little knowledge of backup funds in Investment, when a newbie wants to start Bitcoin investment and he knows about backup funds he needs it, not just discretionary income, we don't know when an emergency will happen so you guys should stop making it look as if starting a Bitcoin investment without a backup funds at first is good, an emergency can happen at the beginning or early stage of your investment so how will you over come it without a backup funds.
Backup funds is very much important, the only reason why we say you can start building your backup funds now is because they never had the knowledge of having a Backup funds now that they now have it is good they start building it a long side there investment, now this those not mean we should push same narrative to newbies, as a newbie before you start do well to have a little backup funds and then you can decide to build it alongside your investment or you start both at same time.

Hmm… you’re still not getting the point, all you need to start is that extra little money you can afford to lose which is your discretionary fund,

You have a very poor mindset of what it takes to successfully build and sustain a Bitcoin investment. First, you should adjust this mindset of investing what you can afford to lose because such mindset will only make you afraid of even investing in Bitcoin because you cannot intentionally put your money where you will lose it. There was a reason it was recommended to invest only discretionary income because that is the money you can keep

you do not need to have an emergency fund before you can start your investment.

This is not also right because emergency fund is needed for a newbie to get started as that is the only way to protect the investment and not sell it when there is urgent needs that come up which was not planned for. You need emergency fund if you want to be serious about your Bitcoin investment because that is helpful and as important as the entire investment.

[SuperBitMan]

I understand English very well and what I pointed out was correct about Barikui write up, I think your problem is you fine it difficult to comprehend a writing.
Now you have made same mistake by trying to explain to me what Barikui was saying now let me quote your explanation "Barikui is saying to start investing in bitcoin all you need is discretionary funds" now from this statement you said all someone needs to start a Bitcoin investment is a discretionary income, and I'm saying this could mislead a newbies who have gotten a little knowledge of backup funds in Investment, when a newbie wants to start Bitcoin investment and he knows about backup funds he needs it, not just discretionary income, we don't know when an emergency will happen so you guys should stop making it look as if starting a Bitcoin investment without a backup funds at first is good, an emergency can happen at the beginning or early stage of your investment so how will you over come it without a backup funds.
Backup funds is very much important, the only reason why we say you can start building your backup funds now is because they never had the knowledge of having a Backup funds now that they now have it is good they start building it a long side there investment, now this those not mean we should push same narrative to newbies, as a newbie before you start do well to have a little backup funds and then you can decide to build it alongside your investment or you start both at same time.

Hmm… you’re still not getting the point, all you need to start is that extra little money you can afford to lose which is your discretionary fund,

You have a very poor mindset of what it takes to successfully build and sustain a Bitcoin investment. First, you should adjust this mindset of investing what you can afford to lose because such mindset will only make you afraid of even investing in Bitcoin because you cannot intentionally put your money where you will lose it. There was a reason it was recommended to invest only discretionary income because that is the money you can keep

You are right Moreno233, some set of investors still don't understand why it is said to invest only your Discretionary income, just like you have said the only reason we need to use our Discretionary income is because is money that is lift after paying of basic or essential expenses like housing, food, electricity, transportation, water etc. So this discretionary income using it to invest in Bitcoin will allow you hold for a long term because you won't need it for your basic needs.
That word money you can afford to lose is gambling term an not Bitcoin Because if you are using only money you can afford to lose in Bitcoin you won't be aggressive in your investment and you will always fear for your investment there by making you act like a gambler towards Bitcoin.

you do not need to have an emergency fund before you can start your investment.

This is not also right because emergency fund is needed for a newbie to get started as that is the only way to protect the investment and not sell it when there is urgent needs that come up which was not planned for. You need emergency fund if you want to be serious about your Bitcoin investment because that is helpful and as important as the entire investment.

You are right again Moreno233, some people here are using there writing to mislead newbies, as a newbie who has the knowledge of backup funds it will be better you even build your backup funds to some level before starting your Bitcoin accumulation journey or you start the two at same time and when you have reached a good level in your backup funds you stop and then continue with your Bitcoin accumulation, backup funds are very important in our accumulation journey from the starting till the end.

[ejikeme24]

[Edited out]

Hmm… you’re still not getting the point, all you need to start is that extra little money you can afford to lose which is your discretionary fund, you do not need to have an emergency fund before you can start your investment. For example I’m a newbie starting my investment with $10, surely it’s not a must to have an emergency fund at that stage but as I go on to increase my investment regularly, I’ll start planning for emergency funds to act as a hedge for my investment and reserve funds for my expenses.
So in order to sustain, maintain and continue my investment I’ll need to have an emergency and/or reserve funds but not necessarily to start. You get the point?.

Yep, but I feel that is necessary for one to start looking for a way to build up his or her emergency fund after he must have Invested for two or three weeks/ months, because emergency issues can come at anytime time, I know we may not be expecting any emergency issues during that period, but to be in a safer side I feel that we shouldn't wait to spend like 5 to three weeks/ months before we will be making plans of getting our emergency funds ready.

surely our emergency fund can be  less important when getting started, but we shouldn't get carried away to an extent were we will be thinking that there will be no need of setting up emergency fund since there's no emergency alerm all this while, I'm pretty sure that this is what led most of this investors into selling their holdings when they don't even intend to do so.

[IceLincoln]

I understand English very well and what I pointed out was correct about Barikui write up, I think your problem is you fine it difficult to comprehend a writing.
Now you have made same mistake by trying to explain to me what Barikui was saying now let me quote your explanation "Barikui is saying to start investing in bitcoin all you need is discretionary funds" now from this statement you said all someone needs to start a Bitcoin investment is a discretionary income, and I'm saying this could mislead a newbies who have gotten a little knowledge of backup funds in Investment, when a newbie wants to start Bitcoin investment and he knows about backup funds he needs it, not just discretionary income, we don't know when an emergency will happen so you guys should stop making it look as if starting a Bitcoin investment without a backup funds at first is good, an emergency can happen at the beginning or early stage of your investment so how will you over come it without a backup funds.
Backup funds is very much important, the only reason why we say you can start building your backup funds now is because they never had the knowledge of having a Backup funds now that they now have it is good they start building it a long side there investment, now this those not mean we should push same narrative to newbies, as a newbie before you start do well to have a little backup funds and then you can decide to build it alongside your investment or you start both at same time.

Hmm… you’re still not getting the point, all you need to start is that extra little money you can afford to lose which is your discretionary fund,

You have a very poor mindset of what it takes to successfully build and sustain a Bitcoin investment. First, you should adjust this mindset of investing what you can afford to lose because such mindset will only make you afraid of even investing in Bitcoin because you cannot intentionally put your money where you will lose it. There was a reason it was recommended to invest only discretionary income because that is the money you can keep

you do not need to have an emergency fund before you can start your investment.

This is not also right because emergency fund is needed for a newbie to get started as that is the only way to protect the investment and not sell it when there is urgent needs that come up which was not planned for. You need emergency fund if you want to be serious about your Bitcoin investment because that is helpful and as important as the entire investment.

For someone who has a rich mindset of bitcoin investment and yet you don’t know what the phrase “afford to lose” means. No one goes into investment expecting to lose, that’s not what I’m talking about or what the statement means; it only means your protecting your financial well-being and managing your risk. And I even added which is your discretionary fund. Dude didn’t you see that? Or you’re trying to support what you don’t understand eh?
How are you a Senior member when you don’t understand this simple phrase ?

You are right again Moreno233, some people here are using there writing to mislead newbies, as a newbie who has the knowledge of backup funds it will be better you even build your backup funds to some level before starting your Bitcoin accumulation journey or you start the two at same time and when you have reached a good level in your backup funds you stop and then continue with your Bitcoin accumulation, backup funds are very important in our accumulation journey from the starting till the end.

You sure this is the advice you’ll give to newbies?… I quite agree with starting your bitcoin investment with emergency funds but to say it’s better to build up emergency funds first before starting I disagree. In essence you’re encouraging him to wait…. Which is bad. It has been said a number of times here that you only need discretionary money to start your investment, I dunno how that’s difficult to understand.

[ZeroVinsonN]

To maintain investment consistency, I recommend a strategy that is very realistic for an investor to follow, such as if your discretionary income is 5% of your total income, then it can be considered very simple to allocate 4% of it to Bitcoin accumulation and the remaining 1% to an emergency fund. Therefore you can cycle for four years but even if it is not a decent holding for you, it will become a great habit to hold Bitcoin and will encourage you to cycle more.

I agree with you here, most people think they have to pour their entire discretionary funds into bitcoin investment, they forget that saving is a way to ensure that they don't get caught up in some kind of a financial crisis later in their investment journey, any smart investor should know to not invest with all their discretionary funds but to instead keep a certain percentage of it for a range of other purposes (emergency situation) this way they can relatively handle unexpected events that come up, sometimes our insurance aren't paid in time and we don't usually have the luxury of waiting for it, situations like this are remedied by our emergency or backup funds until insurance is cleared.
Investors need to understand that keeping some money aside from their discretionary funds is one way to safeguard their bitcoin investment.

The actual fact is that for you Bitcoin investment to be successful, you don't invest all your discretionary income, because it's through that discretionary income you remove your emergency funds and reserve funds, anything that makes you invest all your discretionary income, you are putting your Bitcoin investment at risk, because it will be just a matter of time before you falls back to your holdings to address some financial needs, but if your emergency and reserve funds are there, you wouldn't even contemplate on tempering with your Bitcoin investment, so in essence of what am trying to say is that all our discretionary income is not meant for investment in Bitcoin, some part of it are used to put an emergency funds and reserve funds in place, so in case you have any significant emergency situation in the future.

I disagree with you dude, our emergency and reserve funds doesn't come from or is not gotten from our discretionary rather it is also part of the money that an investor split while making budget of everything from his or her income. Therefore, discretionary is a separate money on its own that its purpose is for accumulating Bitcoin to increase our portfolio while that of emergency and reserve are also separate money that is used majorly for a specific task, because each of this money has specific activity they are to be used for and if peradventure any of these funds is not used accordingly, it can result to so many things depending.

I'm confused with what you just said, you need to understand what discretionary funds means money kept aside for your own discretion and this can only be done after all of your bills have been accounted for so the money set aside for emergencies come from your discretionary funds, you can only save from what's left after all necessary bills and payments have been settled and this money that's left is your discretionary funds and it is from this money that you save from for emergencies.
Your emergency fund isn't different from your discretionary fund, it is a part of it, so a part of your discretionary funds can go into bitcoin investment and another part can be saved for emergencies that may come up.

[Jewan420]

You have a very poor mindset of what it takes to successfully build and sustain a Bitcoin investment. First, you should adjust this mindset of investing what you can afford to lose because such mindset will only make you afraid of even investing in Bitcoin because you cannot intentionally put your money where you will lose it. There was a reason it was recommended to invest only discretionary income because that is the money you can keep

Investing with money you can afford to lose does not mean that you will lose the money. It is never said that you will definitely lose the money you invest or that the probability of losing is high. Investing with money you can afford to lose means that if you unexpectedly or accidentally lose money in some way or if you lose access to your funds, it will not have a serious negative impact on your real life. Although the probability of losing this money is very small, we should still plan and take precautions for even the smallest possibilities.

If you just think that you can lose your money due to price volatility or that Bitcoin can disappear from the market one day. Then you are wrong. Although I will not guarantee this, the probability of this happening is less than 1%. However, there is a possibility of losing access or your funds can be hacked or you can lose it somehow. There is a possibility that this could happen, we cannot rule out this possibility. This is also one reason why the idea of ​​investing unnecessary money is to avoid needing that money in the long run. Considering all these things, it is said that you should invest money that you can afford to lose. But you are not losing that money intentionally.

[Humblevirus]

Of a truth waiting to get all our budget figured out before getting started will make us not to start our accumulating journey on time, but I feel that this is supposed to be a personal decision if we are to get started or to wait until we get all this figured out. so you can't possibly say that is not necessary to wait until we get all this matters sorted out before getting started, as you can't speak for others, If you feel that getting started is your best step to take maybe with time you will be looking for a way to get all this matters figured out, is also a nice idea. So I feel that this is just a personal decision.

It is a wrong idea for someone to wait for a certain amount of money before starting to invest in Bitcoin. It is totally a waste of time, as you said. It is even very possible for that kind of person to divert the money to something else that may not be a good investment, like Bitcoin. No amount of money is too small to start investing in Bitcoin. If it's $100, it's better to start from that amount and build up gradually for the long term. In fact, it is even possible for someone to make the money grow to the amount they wanted to budget for Bitcoin investment. But what if inflation occurs? It will definitely affect the currency, which means the money will lose value, while Bitcoin’s price will continue to rise. So, the better way for anyone is to start investing in Bitcoin as early as possible, even with a small amount they have. I believe that is the best way.

[G_Besar]

I'm confused with what you just said, you need to understand what discretionary funds means money kept aside for your own discretion and this can only be done after all of your bills have been accounted for so the money set aside for emergencies come from your discretionary funds, you can only save from what's left after all necessary bills and payments have been settled and this money that's left is your discretionary funds and it is from this money that you save from for emergencies.
Your emergency fund isn't different from your discretionary fund, it is a part of it, so a part of your discretionary funds can go into bitcoin investment and another part can be saved for emergencies that may come up.

I think it is more about the technicalities of managing the funds that we have because when someone wants to become an investor by buying Bitcoin, of course he himself has already considered his capital and he knows where the capital comes from so when he wants to manage the flow of funds where he wants to take it, he already knows before he does it. Because problems like bills are not the same for everyone, so the amount of funds allocated to be able to buy Bitcoin from the routine funds generated can also vary from person to person. So I think it's more about the small ways or techniques of working without having to sacrifice one of the important aspects of life. Like staying healthy and not being hungry just because of investment.

[I_Anime]

I understand English very well and what I pointed out was correct about Barikui write up, I think your problem is you fine it difficult to comprehend a writing.
Now you have made same mistake by trying to explain to me what Barikui was saying now let me quote your explanation "Barikui is saying to start investing in bitcoin all you need is discretionary funds" now from this statement you said all someone needs to start a Bitcoin investment is a discretionary income, and I'm saying this could mislead a newbies who have gotten a little knowledge of backup funds in Investment, when a newbie wants to start Bitcoin investment and he knows about backup funds he needs it, not just discretionary income, we don't know when an emergency will happen so you guys should stop making it look as if starting a Bitcoin investment without a backup funds at first is good, an emergency can happen at the beginning or early stage of your investment so how will you over come it without a backup funds.
Backup funds is very much important, the only reason why we say you can start building your backup funds now is because they never had the knowledge of having a Backup funds now that they now have it is good they start building it a long side there investment, now this those not mean we should push same narrative to newbies, as a newbie before you start do well to have a little backup funds and then you can decide to build it alongside your investment or you start both at same time.

Hmm… you’re still not getting the point, all you need to start is that extra little money you can afford to lose which is your discretionary fund, you do not need to have an emergency fund before you can start your investment. For example I’m a newbie starting my investment with $10, surely it’s not a must to have an emergency fund at that stage but as I go on to increase my investment regularly, I’ll start planning for emergency funds to act as a hedge for my investment and reserve funds for my expenses.
So in order to sustain, maintain and continue my investment I’ll need to have an emergency and/or reserve funds but not necessarily to start. You get the point?.

Then you are not making use of discretionary income, because discretionary income is the amount left after taken care of your essential expenses. If you don’t have emergency or reserve funds how can one sustain their investment . I’m not talking about invest what you can risk , am talking about investing with proper planning don’t just go into investments just like that , without having emergency funds nor reserve funds you will only end up taken your investments as your emergency funds in case if any expenses comes up , which will only slow down the growth or even messed up the investment the only folk that can pull such up are those that are still depending on their guidance to handle their needs.

For instance you are starting your investment with $10  as your discretionary income, it means that is the amount of money you can stay without using for long and you have already set aside your emergency funds and reserve funds . But in this case that you haven’t set any I don’t see any reason to call it discretionary income you can only call discretionary income if your main amount of money is $50  weekly , then you can break it down with some certain percentage, like $25 for expenses, while $15 goes to emergency funds then the remaining left over which is $10 to your investment (as your discretionary income ) maybe as time goes you can now start adding reserves funds depending on your pay .

[Merit.s]

I understand English very well and what I pointed out was correct about Barikui write up, I think your problem is you fine it difficult to comprehend a writing.
Now you have made same mistake by trying to explain to me what Barikui was saying now let me quote your explanation "Barikui is saying to start investing in bitcoin all you need is discretionary funds" now from this statement you said all someone needs to start a Bitcoin investment is a discretionary income, and I'm saying this could mislead a newbies who have gotten a little knowledge of backup funds in Investment, when a newbie wants to start Bitcoin investment and he knows about backup funds he needs it, not just discretionary income, we don't know when an emergency will happen so you guys should stop making it look as if starting a Bitcoin investment without a backup funds at first is good, an emergency can happen at the beginning or early stage of your investment so how will you over come it without a backup funds.
Backup funds is very much important, the only reason why we say you can start building your backup funds now is because they never had the knowledge of having a Backup funds now that they now have it is good they start building it a long side there investment, now this those not mean we should push same narrative to newbies, as a newbie before you start do well to have a little backup funds and then you can decide to build it alongside your investment or you start both at same time.

Hmm… you’re still not getting the point, all you need to start is that extra little money you can afford to lose which is your discretionary fund, you do not need to have an emergency fund before you can start your investment. For example I’m a newbie starting my investment with $10, surely it’s not a must to have an emergency fund at that stage but as I go on to increase my investment regularly, I’ll start planning for emergency funds to act as a hedge for my investment and reserve funds for my expenses.
So in order to sustain, maintain and continue my investment I’ll need to have an emergency and/or reserve funds but not necessarily to start. You get the point?.

Then you are not making use of discretionary income, because discretionary income is the amount left after taken care of your essential expenses. If you don’t have emergency or reserve funds how can one sustain their investment . I’m not talking about invest what you can risk , am talking about investing with proper planning don’t just go into investments just like that , without having emergency funds nor reserve funds you will only end up making your investments as your emergency funds in case if any expenses comes up , which will only slow down the growth the only folk that can pull such up is those that are still depending on their guidance to handle their needs.

For instance you are starting your investment with $10  as your discretionary income, is mean that is the amount of money you can stay without using for long and you have already set aside your emergency funds and reserve funds . But in this cases that you haven’t set any I don’t see any reason to call it discretionary income you can only call discretionary income if your main amount of money is $50  weekly , then you can break it down with some certain percentage, like $25 for expenses, while $15 goes to emergency funds then the remaining left over which is $10 to your investment.

Don't get it twisted and stop contradicting yourself. Any amount of money that's left over after you have taken away your weekly/monthly expenses and basic needs is called discretionary income. The $50 that you use as an example is not your discretionary income because your expenses is still part of it. However, it's from your discretionary income that you can use half of it to set up your emergency funds and invest in bitcoin at the same time, if you are a new investor without any emergency funds when you want to start your bitcoin investment.

From your example, the person discretionary income is $25, and he can share it into two parts one for his regular weekly DCA and the other part to build his emergency funds simultaneously with his bitcoin investment. When his discretionary income is at least three months of his income, he can build his reserve funds and then invest aggressively after that to increase his bitcoin quantity in a fast pace.

Not having an emergency funds in place before starting your bitcoin investment shouldn't be a hindrance to you from getting started immediately provided that your discretionary income is available.

[Sim_card]

You are right again Moreno233, some people here are using there writing to mislead newbies, as a newbie who has the knowledge of backup funds it will be better you even build your backup funds to some level before starting your Bitcoin accumulation journey or you start the two at same time and when you have reached a good level in your backup funds you stop and then continue with your Bitcoin accumulation, backup funds are very important in our accumulation journey from the starting till the end.

It is not compulsory for you to build your emergency funds to any level before starting your bitcoin investment if you don't have some amounts of money on ground to serve as your emergency funds before planning to invest in bitcoin. You will miss out many opportunities in the market that you would have supposed to use to build and grow your bitcoin portfolio within that period of time. However, the emergency funds is to backup your bitcoin investment should in case an unforeseen circumstances play out during your bitcoin accumulation. If you don't have your emergency funds, what are you backing up.

For those new investors so don't have any emergency funds available but only their discretionary income and want to invest in bitcoin can get started right away to avoid waiting because waiting is not the right thing to do. Start investing as soon as possible and build your emergency funds at the same time with your bitcoin investment, because you are a long term investor and will definitely be able to build up your emergency funds of at least three months of your monthly income during your accumulation stage.

[Umulala-alala]

whether that means starting now and sorting things out along the way or wait to prepare better.

The idea of waiting to prepare better is good if only you have not sorted out your Discretionary income then you can wait to figure it out before you can proceed with your bitcoin investment but if your Discretionary income is been sort out i think there is no need waiting further as you can start buying bitcoin the earlier you started the better for you as waiting can come with several challenges of not starting when you had the chance or the opportunity to get kick off as you might get discouraged and end up making a postponment or keep on procastinating and never getting started as the more you keep waiting the more you keep missing out some good buying opportunity.

[Gost ms]

To maintain investment consistency, I recommend a strategy that is very realistic for an investor to follow, such as if your discretionary income is 5% of your total income, then it can be considered very simple to allocate 4% of it to Bitcoin accumulation and the remaining 1% to an emergency fund. Therefore you can cycle for four years but even if it is not a decent holding for you, it will become a great habit to hold Bitcoin and will encourage you to cycle more.

I agree with you here, most people think they have to pour their entire discretionary funds into bitcoin investment, they forget that saving is a way to ensure that they don't get caught up in some kind of a financial crisis later in their investment journey, any smart investor should know to not invest with all their discretionary funds but to instead keep a certain percentage of it for a range of other purposes (emergency situation) this way they can relatively handle unexpected events that come up, sometimes our insurance aren't paid in time and we don't usually have the luxury of waiting for it, situations like this are remedied by our emergency or backup funds until insurance is cleared.
Investors need to understand that keeping some money aside from their discretionary funds is one way to safeguard their bitcoin investment.

Who will invest what percentage depends on the investor. If someone does not have an emergency fund, it is very important to create an emergency fund along with investing. If someone has an emergency fund, then he can invest the entire amount of his discretionary income if he wants. But he has to take care that the amount he is investing does not become necessary later. For example,

Because you are investing the entire amount of your discretionary income, but if you need some amount of money, you may have to sell your investment. So you have to take care of which one will be better for you.