Buy Buy Buy or Sell Sell Sell?

[Gost ms]

Investing into Bitcoin with a budget in mind wouldn’t be quite easy, Bitcoin is a very volatile assets so it wouldn’t be very easy to have an amount in mind to use in investing, that is why I think it’s more reasonable to accumulate gradually on a weekly or monthly basis depending on  when you’ve have a discretionary funds, and planning on budgeting will definitely make us not to accumulate much bitcoin considering the volatile nature of bitcoin , because there are times when Bitcoin would increase and times when Bitcoin would decrease, having budget in mind would probably make us not to exceed our budget, Waiting to get whatever amount of budget set aside before starting to invest would be a waste of time because you might not get that budget which you planned.

At this point, instead of using budget why not we replace the word with "target" because budget might actually mean we wont exceed that amount no matter what which may not be possible. Investors sometimes get overwhelmed after accumulating a large chunk, most of them just want to keep on accumulating and holding.

And honestly, the advantage of having a target in mind means you will reach that goal and can exceed it, if need for it arises, the point is you've reached the goal. Budget may keep us defined on the fixed amount we have in mind, and we know the drill "the more Bitcoin we have in our portfolio = the value of profit we will expect in the long run"

That makes an absolutely sense to me and your reference thick all boxes of someone whose true intentions is to accumulate Bitcoin and stack Bitcoin investment for a long term plans, "TARGET " Perhaps I have to decide now that I will accumulate Bitcoin for 10-20 years and now that is my target and I want to reach that target, now the question will be how do I execute this my target or my goal of accumulating Bitcoin for 10 years maximum, Assuming that I have a budget of a certain maximum amount that I want to accumulate damn that wouldn't be a wise decision to achieve my goal of investing and accumulating Bitcoin for 10 years maximum then my budget becomes a problem or hindrance to achieve my set goals or target. Well if I have a budget I might not be able to accumulate aggressive when I should. The word target or Goals are my favorite.

You need a discretionary income to reach your goal. If you set a budget to reach your investment goal, then maybe, you can step away from your investment. For example, if you set a budget that you will buy using the DCA method for the next 10 years, how will you cope if you face a financial disaster?

Investment You can continue to invest on top of your discretionary income and if you do not have an emergency fund, you can create an emergency fund along with investments. First, you need to determine how many BTC you can save in your portfolio or how many BTC you are willing to save. Along with this, determine the time frame of your investment. It would not be right to sell your investment until your time frame is over.

[Gallar]

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.

Danger never comes in a hurry. If you keep an emergency fund, it means that you are going to invest risk-free. Those who do not keep an emergency fund or a reserve fund often lose their investment after being caught in a storm.

Having an emergency fund is indeed a must for everyone, whether they are investing or not. But when investing in bitcoin, of course, an emergency fund can be likened to a shield. Because its use is to cover emergency needs when the funds allocated for needs have run out. So in such conditions, emergency funds can be used. But if you assume that when investing and having an emergency fund will be free from all risks, I think that assumption is not quite right. Because you need to remember that having an emergency fund does not mean eliminating all risks, but rather to be able to minimize the risk so that it is not too big. Because basically the risk can never be completely eliminated when investing in any asset, including bitcoin. So don't misunderstand the use of an emergency fund, because if you assume that all risks are gone when you have an emergency fund, of course that is very wrong. Although bitcoin is indeed a fairly safe investment asset, investing in bitcoin still has risks, although not as big as other assets.

It's good we have any emergency fund because unexpected things happened unannounced instead of running up and down looking for where to get money you just deep hand into your emergency fund and sort out your issues without the next man even knowing but in bitcoin investment it shouldn't be a thing of must before you get started with your bitcoin investment, you can still start with your bitcoin investment if you have a left over income (Discretionary income) you are very free start buying bitcoin and sort your emergency fund along the line.

Yes, it is possible to do that. But here I am talking about it to be more comfortable. Because if you already have an emergency fund before investing in bitcoin, it will certainly be much calmer. Because basically we never know when an emergency will come. So it could be that today we invest in bitcoin and tomorrow we have an emergency. So if that happens and we do not have an emergency fund, of course the money we invested in bitcoin will be withdrawn. That is why I think an emergency fund is very important to have, even before investing in bitcoin. Although it is true that we can collect emergency funds while we are running our bitcoin accumulation (DCA). But the point is after I think more deeply, having an emergency fund before investing is a better thing. In addition, if you do not have an emergency fund before investing in bitcoin, it can be said that your financial management is not good. Because having an emergency fund should not have to wait until you have invested. Because an emergency does not see whether we have invested or not.

[Merit.s]

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.

Danger never comes in a hurry. If you keep an emergency fund, it means that you are going to invest risk-free. Those who do not keep an emergency fund or a reserve fund often lose their investment after being caught in a storm.

Having an emergency fund is indeed a must for everyone, whether they are investing or not. But when investing in bitcoin, of course, an emergency fund can be likened to a shield. Because its use is to cover emergency needs when the funds allocated for needs have run out. So in such conditions, emergency funds can be used. But if you assume that when investing and having an emergency fund will be free from all risks, I think that assumption is not quite right. Because you need to remember that having an emergency fund does not mean eliminating all risks, but rather to be able to minimize the risk so that it is not too big. Because basically the risk can never be completely eliminated when investing in any asset, including bitcoin. So don't misunderstand the use of an emergency fund, because if you assume that all risks are gone when you have an emergency fund, of course that is very wrong. Although bitcoin is indeed a fairly safe investment asset, investing in bitcoin still has risks, although not as big as other assets.

It's good we have any emergency fund because unexpected things happened unannounced instead of running up and down looking for where to get money you just deep hand into your emergency fund and sort out your issues without the next man even knowing but in bitcoin investment it shouldn't be a thing of must before you get started with your bitcoin investment, you can still start with your bitcoin investment if you have a left over income (Discretionary income) you are very free start buying bitcoin and sort your emergency fund along the line.

Yes, it is possible to do that. But here I am talking about it to be more comfortable. Because if you already have an emergency fund before investing in bitcoin, it will certainly be much calmer. Because basically we never know when an emergency will come. So it could be that today we invest in bitcoin and tomorrow we have an emergency. So if that happens and we do not have an emergency fund, of course the money we invested in bitcoin will be withdrawn. That is why I think an emergency fund is very important to have, even before investing in bitcoin. Although it is true that we can collect emergency funds while we are running our bitcoin accumulation (DCA). But the point is after I think more deeply, having an emergency fund before investing is a better thing. In addition, if you do not have an emergency fund before investing in bitcoin, it can be said that your financial management is not good. Because having an emergency fund should not have to wait until you have invested. Because an emergency does not see whether we have invested or not.

Seems like you don't understand that you are already late into accumulating bitcoin compared to those who started accumulating earlier which is the main reason why you don't need to build up an emergency funds without starting your bitcoin accumulation. Do you think that it's easy to build up an emergency funds of at least three months of your monthly income with your discretionary income.

It can take up to one year and above in order for someone to build up his emergency funds and you prefer to waste all that time as a no coiner because you want to be on the safe side. I don't think that I buy this your idea because it will slow down the quantity of bitcoin that you target to accumulate in future. Don't forget that bitcoin price and time waits for no one and the more that you delay in getting started with your bitcoin investment, the more you deprive yourself a bigger portfolio in future.

Sometimes, we might have thie emergency funds set up and we will have no emergency popping up for some period of time which is why, as a no coiner, you don't need to be waiting but start buying bitcoin immediately provided that your discretionary income is available, and use it to invest in bitcoin weekly and build up your emergency funds. Unforeseen emergency is under probability to play out or not so don't put it as your priority over getting started with your bitcoin investment that can change your financial situation to a better one in future.

[Mehmet69]

Investing into Bitcoin with a budget in mind wouldn’t be quite easy, Bitcoin is a very volatile assets so it wouldn’t be very easy to have an amount in mind to use in investing, that is why I think it’s more reasonable to accumulate gradually on a weekly or monthly basis depending on  when you’ve have a discretionary funds, and planning on budgeting will definitely make us not to accumulate much bitcoin considering the volatile nature of bitcoin , because there are times when Bitcoin would increase and times when Bitcoin would decrease, having budget in mind would probably make us not to exceed our budget, Waiting to get whatever amount of budget set aside before starting to invest would be a waste of time because you might not get that budget which you planned.

At this point, instead of using budget why not we replace the word with "target" because budget might actually mean we wont exceed that amount no matter what which may not be possible. Investors sometimes get overwhelmed after accumulating a large chunk, most of them just want to keep on accumulating and holding.

And honestly, the advantage of having a target in mind means you will reach that goal and can exceed it, if need for it arises, the point is you've reached the goal. Budget may keep us defined on the fixed amount we have in mind, and we know the drill "the more Bitcoin we have in our portfolio = the value of profit we will expect in the long run"

That makes an absolutely sense to me and your reference thick all boxes of someone whose true intentions is to accumulate Bitcoin and stack Bitcoin investment for a long term plans, "TARGET " Perhaps I have to decide now that I will accumulate Bitcoin for 10-20 years and now that is my target and I want to reach that target, now the question will be how do I execute this my target or my goal of accumulating Bitcoin for 10 years maximum, Assuming that I have a budget of a certain maximum amount that I want to accumulate damn that wouldn't be a wise decision to achieve my goal of investing and accumulating Bitcoin for 10 years maximum then my budget becomes a problem or hindrance to achieve my set goals or target. Well if I have a budget I might not be able to accumulate aggressive when I should. The word target or Goals are my favorite.

First of all, I want to tell you that investing in Bitcoin by setting a specific budget will be a little difficult. Because if we think of investing by setting a time, then our investment will be easy. But investing by setting a budget can be a lot like trading. But yes, since you want to continue investing for 10 years, I think there is a better way for you.

You put your entire budget in a prudent fund. And divide your entire budget in such a way that you can invest a certain amount of money after a certain period. In this, you can invest within your set budget for 10 years in the DCA method. But, you cannot spend extra money from your prudent fund within 10 years. Because your prudent fund should be allocated only for investment. You should create other income structures and funds to meet your family expenses and emergency expenses.

Investing aggressively in Bitcoin is not a good decision. It has the potential to cause you financial loss.

[Ruttoshi]

Investing aggressively in Bitcoin is not a good decision. It has the potential to cause you financial loss.

I disagree with you that buying bitcoin aggressively when you can will lead to financial loss if you do it within the size your discretionary income. The level of your aggressiveness is what matters a lot. For example, if I have $100 and choose to invest $80, provided I am not just starting my bitcoin investment and have backup funds on ground. $80 wouldn't make me run  at loss or sell my bitcoin when it's not my will because I still have $20 left from my discretionary income.

It's when you buy over aggressively outside your discretionary income that will make you sell your bitcoin when your needs arises if bitcoin price is below your entry point. The most important thing is that you should have good cash inflow management practice. Investing aggressively gives you the opportunity to build your bitcoin portfolio in a faster pace for the future, which is good. To front load your bitcoin investment is also good.

[Jewan420]

Investing aggressively in Bitcoin is not a good decision. It has the potential to cause you financial loss.

I disagree with you that buying bitcoin aggressively when you can will lead to financial loss if you do it within the size your discretionary income. The level of your aggressiveness is what matters a lot. For example, if I have $100 and choose to invest $80, provided I am not just starting my bitcoin investment and have backup funds on ground. $80 wouldn't make me run  at loss or sell my bitcoin when it's not my will because I still have $20 left from my discretionary income.

It's when you buy over aggressively outside your discretionary income that will make you sell your bitcoin when your needs arises if bitcoin price is below your entry point. The most important thing is that you should have good cash inflow management practice. Investing aggressively gives you the opportunity to build your bitcoin portfolio in a faster pace for the future, which is good. To front load your bitcoin investment is also good.

Yes, you are absolutely right. Aggressive investing is not harmful for everyone. Before taking an aggressive approach, you must ensure that you have your backup funds ready and sufficient cash flow in reserve. If you then have the informed capital to take an aggressive stance, why shouldn't you go for it?

Another important point to keep in mind is that your consistency must not be disrupted by becoming aggressive in your investments. First and foremost, you should prioritize the DCA (Dollar-Cost Averaging) strategy. Once you have mastered that and are capable of handling more risk, you can move into an aggressive mode without any harm.

An aggressive investment mindset can help you reach your goals faster and build your investment fund more rapidly. Therefore, with proper planning, I see no harm in being aggressive in investing.

[sotelorene]

Investing into Bitcoin with a budget in mind wouldn’t be quite easy, Bitcoin is a very volatile assets so it wouldn’t be very easy to have an amount in mind to use in investing, that is why I think it’s more reasonable to accumulate gradually on a weekly or monthly basis depending on  when you’ve have a discretionary funds, and planning on budgeting will definitely make us not to accumulate much bitcoin considering the volatile nature of bitcoin , because there are times when Bitcoin would increase and times when Bitcoin would decrease, having budget in mind would probably make us not to exceed our budget, Waiting to get whatever amount of budget set aside before starting to invest would be a waste of time because you might not get that budget which you planned.

At this point, instead of using budget why not we replace the word with "target" because budget might actually mean we wont exceed that amount no matter what which may not be possible. Investors sometimes get overwhelmed after accumulating a large chunk, most of them just want to keep on accumulating and holding.

And honestly, the advantage of having a target in mind means you will reach that goal and can exceed it, if need for it arises, the point is you've reached the goal. Budget may keep us defined on the fixed amount we have in mind, and we know the drill "the more Bitcoin we have in our portfolio = the value of profit we will expect in the long run"

That makes an absolutely sense to me and your reference thick all boxes of someone whose true intentions is to accumulate Bitcoin and stack Bitcoin investment for a long term plans, "TARGET " Perhaps I have to decide now that I will accumulate Bitcoin for 10-20 years and now that is my target and I want to reach that target, now the question will be how do I execute this my target or my goal of accumulating Bitcoin for 10 years maximum, Assuming that I have a budget of a certain maximum amount that I want to accumulate damn that wouldn't be a wise decision to achieve my goal of investing and accumulating Bitcoin for 10 years maximum then my budget becomes a problem or hindrance to achieve my set goals or target. Well if I have a budget I might not be able to accumulate aggressive when I should. The word target or Goals are my favorite.

You need a discretionary income to reach your goal. If you set a budget to reach your investment goal, then maybe, you can step away from your investment. For example, if you set a budget that you will buy using the DCA method for the next 10 years, how will you cope if you face a financial disaster?

Investment You can continue to invest on top of your discretionary income and if you do not have an emergency fund, you can create an emergency fund along with investments. First, you need to determine how many BTC you can save in your portfolio or how many BTC you are willing to save. Along with this, determine the time frame of your investment. It would not be right to sell your investment until your time frame is over.

All these you are saying boils down to setting a target and as an investor setting target is very important and necessary and JJG has talked about it several times but the issues is, sometimes it is not just about setting target rather it is about the chances and possibility of making it happen. Sometimes we planned how we want something to go or be for us but sometimes nature we want different thing for us that is why sometimes we see challenges and trials that will consume our emergency funds and reserve funds and still tempt us to touch our investment, this is not story it happens.

[Agbamoni]

You need a discretionary income to reach your goal. If you set a budget to reach your investment goal, then maybe, you can step away from your investment. For example, if you set a budget that you will buy using the DCA method for the next 10 years, how will you cope if you face a financial disaster?

Dont make things more complicated. I believe there is no one here who dont know the essence of having a discretionary income. And yeah, your description of it may seem to be unclear. For better understanding, any money use to start an investment or a business is called a capital. The total discretionary income, after completing your goal can be said to be the capital invested. You can choose to put the capital once if you have it, that is if you are using lump sum. While DCA actually means spreading it across several periods.

[CageMabok]

?...

Dont make things more complicated. I believe there is no one here who dont know the essence of having a discretionary income. And yeah, your description of it may seem to be unclear. For better understanding, any money use to start an investment or a business is called a capital. The total discretionary income, after completing your goal can be said to be the capital invested. You can choose to put the capital once if you have it, that is if you are using lump sum. While DCA actually means spreading it across several periods.

I also think why some people who intend to become investors explain more about capital and the use of capital here, which even the explanation looks so complicated that it is more difficult to understand for those who want to try buying Bitcoin this year. Even though everyone must know about initial capital and also preparing funds for themselves in life when they want to become investors by using one of the wise methods that is not burdensome for them. Because in terms of investment, there must also be three important things besides capital, namely consistency in buying it and also not easily panicking when there is bad news and must have high patience in holding it for a long time.

[Sonia_123]

Investing into Bitcoin with a budget in mind wouldn’t be quite easy, Bitcoin is a very volatile assets so it wouldn’t be very easy to have an amount in mind to use in investing, that is why I think it’s more reasonable to accumulate gradually on a weekly or monthly basis depending on  when you’ve have a discretionary funds, and planning on budgeting will definitely make us not to accumulate much bitcoin considering the volatile nature of bitcoin , because there are times when Bitcoin would increase and times when Bitcoin would decrease, having budget in mind would probably make us not to exceed our budget, Waiting to get whatever amount of budget set aside before starting to invest would be a waste of time because you might not get that budget which you planned.

At this point, instead of using budget why not we replace the word with "target" because budget might actually mean we wont exceed that amount no matter what which may not be possible. Investors sometimes get overwhelmed after accumulating a large chunk, most of them just want to keep on accumulating and holding.

And honestly, the advantage of having a target in mind means you will reach that goal and can exceed it, if need for it arises, the point is you've reached the goal. Budget may keep us defined on the fixed amount we have in mind, and we know the drill "the more Bitcoin we have in our portfolio = the value of profit we will expect in the long run"

That makes an absolutely sense to me and your reference thick all boxes of someone whose true intentions is to accumulate Bitcoin and stack Bitcoin investment for a long term plans, "TARGET " Perhaps I have to decide now that I will accumulate Bitcoin for 10-20 years and now that is my target and I want to reach that target, now the question will be how do I execute this my target or my goal of accumulating Bitcoin for 10 years maximum, Assuming that I have a budget of a certain maximum amount that I want to accumulate damn that wouldn't be a wise decision to achieve my goal of investing and accumulating Bitcoin for 10 years maximum then my budget becomes a problem or hindrance to achieve my set goals or target. Well if I have a budget I might not be able to accumulate aggressive when I should. The word target or Goals are my favorite.

First of all, I want to tell you that investing in Bitcoin by setting a specific budget will be a little difficult. Because if we think of investing by setting a time, then our investment will be easy. But investing by setting a budget can be a lot like trading. But yes, since you want to continue investing for 10 years, I think there is a better way for you.

You put your entire budget in a prudent fund. And divide your entire budget in such a way that you can invest a certain amount of money after a certain period. In this, you can invest within your set budget for 10 years in the DCA method. But, you cannot spend extra money from your prudent fund within 10 years. Because your prudent fund should be allocated only for investment. You should create other income structures and funds to meet your family expenses and emergency expenses.

Investing aggressively in Bitcoin is not a good decision. It has the potential to cause you financial loss.

Investing aggressively is not a bad idea, it's only the way and manner at which you adopt in investing aggressively might be wrong.
Not having sufficient funds for your personal expenses and you want to invest aggressively without generating/having additional source of income will lead you selling your portfolio prematurely, your level of aggressiveness is supposed to be based on your discretionary income  and how strong you can manage your income so that you will be able to buy aggressively consistently for a long-term of 2-3 cycles or more, since there is enough fund to sustain buying aggressively and meetings up your personal expenses, you will be more profitable x10 of the money you have invested after ascertaining your target .
Therefore proper planning needs to be put in place before embacking on the journey of aggressive buying of Bitcoin to avoid crashing out unexpectedly.

[JayJuanGee]

Yes, you are right. Investing in Bitcoin is a completely personal decision of an individual. We cannot force anyone to invest. We can only give them the right advice.
Since we have decided to invest in Bitcoin. So we have to do all the things through which we can easily accumulate more Bitcoin. More or less, we all have the desire to accumulate at least 1 Bitcoin in our portfolio. But most people start accumulating Bitcoin in the wrong way. Some do not have a proper plan. Some use investment as an emergency fund. Some wait to create all kinds of backups before investing.

I want to tell all of them, you should not plan so much without starting investing. Start investing as soon as possible. Because, two things are needed for a person to invest in Bitcoin. 1. Regular investment 2. Managing the investment with prudent income. Nothing else is needed beyond this. However, the additional things we are talking about are the things to do to sustain this investment consistently. Therefore, although investing is a personal matter, I believe we should be given sound advice.

Do you (Mehmet69) really consider that any of us are giving advice and/or financial advice here or in the real world when we are talking about bitcoin and/or bitcoin investment related matters and/or cashflow management matters?

I don't consider that I am giving any advice, even though I am sharing ideas, and members of the forum and even people in the real world have to figure out for themselves if they want to invest in bitcoin or not and/or if they want to figure out ways to manage their cashflows in strong ways when they are choosing to invest into bitcoin.

Each person is ultimately responsible for his choices whether or not to invest into bitcoin and/or whether and/or how to manage their cashflows.  if they fuck up by either investing into bitcoin or failing to invest into bitcoin, then that is on them.  They are completely responsible no matter which direction their actions go, and they will either suffer the consequences if they screw up or reap the benefits if they make the right kinds of choices and take the right kinds of actions.

Yes, you are absolutely right. Every person has the full right to make their own decisions. We are just sharing our own experiences. We are not imposing any kind of decision on them. I am not giving any financial advice to the experts.

The purpose of what I said earlier was to motivate those who have decided to invest in Bitcoin but are not starting to invest to start investing quickly. But not for those who are not interested in investing.

At the end of the day, we are all moving forward in our own way and trying to learn something from each other's experiences.

I personally attempt to avoid creating the impression that I am giving advice, even though yeah sometimes when we are making suggestions to people about their ways of investing, people might consider that they are following our suggestions when they also need to make sure that they are doing what they believe is good for their own circumstances and they are able to deal with whatever investment plan that they have.. In the end, it seems that one of the main points should be that each person is figuring out their own strategies and/or approaches to bitcoin investing and/or cashflow management.

[edited out]

I agree with you that without an emergency fund, our investment in BTC will be in danger because of course there will always be many obstacles that will be faced in this life. However, for beginners who want to invest in BTC, of ​​course, in my opinion, they can also invest in BTC without having an emergency fund, but as long as it is only temporary because rather than not investing in BTC at all and if later there are more funds, we can use the extra funds to be used as emergency funds and it would be better if the emergency fund was added at all times because of course by adding an emergency fund, it will certainly make our investment safer.

So of course, sometimes many investors forget about emergency funds, even though it is a fatal mistake and with an emergency fund plus an emergency fund that is always added at all times, it will make us strong in holding BTC for the long term and of course the most important thing is that we don't panic easily because of course in investing in BTC for the long term, we must be mentally strong because having an emergency fund will also make the BTC we have sold if we don't have a strong mentality.

Some folks might not call things the same thing, such as if they have a cash cushion or back up funds or some place that they might go (mommy/daddy) if they run out of money.. so they might not even think about some of the basic matters that a person with fewer resources has to consciously play out, especially if he wants to attempt to invest into bitcoin aggressively.

There are also some folks who invest some small portion of their income, and they generally have a good income, so their income ends up serving as an emergency fund, and anyone not really pushing any limits might not really get anywhere with his investments either.. to the extent that there might be some future need to have had saved / invested - since some folks might be able to earn well in a certain portion of their lives, but if they not plan well, then they may end up in either a poverty situation or unable to even closely match some of their earlier income lifestyle choices.  

Some of the higher paid professional athletes will sometimes earn a very high income, such as even in the millions per year, or even several hundred thousand per year, but then end up NOT planning and/or investing their earnings very well, so then if they become unemployable then they might need to live off of their investments from their earlier hight paying earnings, if they had made any investments during the time that they were earning high amounts.  Surely, many of us would speculate that an athlete who might have had several years making more than $1 million per year, then maybe even just a few years of investing well, then he should be set for life.  Even for western style living, many times, just a couple of million invested will result in at least an entry level income of being able to live perpetually off of the income from such investment, as long as the investment is managed well, and I surely suggest that a mere $800k valued at the 200-WMA prices in bitcoin would result in ability to withdraw $80k per year perpetually, yet right now that is a minimum of 16.203 BTC, and surely a few years back it would have had been fairly easy to accumulate 16.203 BTC over around 4 years of investing at $2,800 per week (about $12k per month) and for a total of right around $600k invested a person could have had accumulated at least 16.203 BTC... and so not necessarily easy for a regular person, yet for someone who is making more than $1 million per year, it would not be very difficult to invest $600k into bitcoin over 4 years. .. but still sometimes there is a need for some foresight and planning, even for guys who have decent amounts of money.. and surely many of us might conclude that even the lower paid of the professional athletes who make $300k per year could invest $600k over 4 years... even though it can be a bit presumptuous to expect someone making $300k per year to live off of the other $150k, since taxes might be nearly $50k, and leave them "only" $100k per year to live off of since the other $150k per year would be invested into bitcoin.

And yeah, of course, it does take some effort to also identify bitcoin as the place to invest, rather than getting distracted into some non-bitcoin asset, which likely a lot of professional athletes get sucked into real estate, which many of us bitcoiners realize real estate is an inferior place to put value, as compared with bitcoin.

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.

It does not necessarily help you to have larger than 3 months of expenses in your emergency fund, especially someone trying to build his investments.. and really you could end up screwing yourself over by having a lot of value tied up in cash - since emergency funds are generally considered as being in cash, liquid and easier to access...

Of course, you can have reserve funds that supplement your emergency funds, and depending on the size of your bitcoin investment, you might find it useful to start to diversify into other investments which are ways of keeping more value in cash, cash equivalents or even fairly liquid investments.. and yeah those kinds of funds/assets could go quite a beyond your cash/emergency fund holdings.... which then might get us into justifications for diversification and when it might make sense to start to diversify, when maybe there might also be desires to mostly grow bitcoin holdings... but sometimes it might start to make sense to keep some value in other assets, whether property, stocks, bonds, commodities, cash/cash equivalent... even some business activities might make sense.

[edited out]

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.

Your outline and explanation is confusing Derekfunds.

Discretionary income is all of the money that you have left once you have accounted for basic /essential expenses...

So everything except essential expenses comes from discretionary.

You cannot invest or do anything beyond your essential expenses if you do not make more than your basic expenses.

Of course, there are some kinds of expenses that are higher priorities than other expenses, and sometimes people will prioritize certain kinds of expenses and/or lifestyle choices and they might even start to consider some of their lifestyle choices as if they were basic and/or essential, and sure some of them might be basic/essential and others are merely choices to live more luxuriously.

Emergency funds and reserve funds and savings and investments surely come from discretionary funds.

Sure the discretionary funds could have been used from earlier times to build the various funds, but they would have had come from discretionary funds, unless mistakes were made and funds for expenses are sometimes mistakenly categorized as discretionary funds.

I think that part of the reason that so many guys consider that there is a need for a stream of income to invest into bitcoin is because living expenses continue, and if a person does not continue to earn income, at some point, the discretionary funds, or the emergency funds or the reserve funds will be needed for expenses... and if a guy does not have any of those kinds of funds, then he will be forced to tap into his investments, such as his bitcoin... and there may even be folks who use their bitcoin as an emergency fund, which truly could be the case if such guys do not have various forms of back up funds, besides his bitocin investment.

[edited out]

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 agree with everything that you said ZeroVinsonN, except you are giving a bit of an impression that each of us classify our basic expenses in ways that are clear and not entangles or if they are clearly able to be locked in, which even that might not be true.

There can be some subjectivity in regards to what are basic expenses, and there can even be flexibility in terms of how they are resolved.

Surely, I am in agreement with your assessment  that we do not have discretionary income until we resolve our basic expenses first, so surely you are correct in proclaiming that discretionary income is calculated from whatever is left after the basic expenses have been accounted for.  There could be times in which we have certain bills that are due on certain days of the month, and we might not know their exact amounts, so sometimes we might keep extra money in our accounts or in hand so that we will have enough to cover the various bills once they are known, whether we are talking about receiving a utility bill or maybe figuring out the costs of certain food items.. so we might not want to spend from that float money until we are sure that our basic expenses are resolved (or at least completely accounted for).

Let's say for example, I received $1,436 on the first, and so I am expecting to get paid on the 1st of the following month.  I carried over $227 from the previous month.  I like to try to carry over at least $200 from month to month.. So will try to error between $200 and $300 in my carry over.

So my total is $1,663.

I have various costs through the month, and I know which day of the month they are due.. so I tend to pay them within 5 days of their due date.

Some of the fixed cost items are already known with exactness, and other items are known within a range... The date that they are due (or the absolute latest that they can be paid without a penalty are generally known)

Rent $610 to $660

Utilities:   $50 to $120

Food: $150 to $360

Junk food other bad habits:  $10 to $40

Transportation:  $40 to $70

Phone and other subscriptions:    $20 to $40

Entertainment:  $30 to $90

savings for other BIGGER ticket items  from time to time, furniture, electronics, accessories - $30 - $60  

So the lower end of the expected expenses is $980 and the higher end is $1,480, and some of the expenses may already be known or resolved in advance, and others might not be resolved until further down the road into the month.  As they are resolved the money comes available.  If the income is higher than the $1,436 amount I listed for sure the amount above $1,480 would unambiguously be contained within discretionary income, yet sometimes it might become difficult for guys to dedicate money towards buying bitcoin or even increasing their emergency funds (or other back up funds) unless it is clear that they have discretionary income.  

I think that my initial reaction might have had been a bit of a quibble related to your seeming overly assertion that the income and expenses needed to be settled before the money could become discretionary income when the funds might not need to be settled as long as the funds are accounted for and available.

[Princess Leah]

Investing aggressively is not a bad idea, it's only the way and manner at which you adopt in investing aggressively might be wrong.
Not having sufficient funds for your personal expenses and you want to invest aggressively without generating/having additional source of income will lead you selling your portfolio prematurely, your level of aggressiveness is supposed to be based on your discretionary income  and how strong you can manage your income so that you will be able to buy aggressively consistently for a long-term of 2-3 cycles or more, since there is enough fund to sustain buying aggressively and meetings up your personal expenses, you will be more profitable x10 of the money you have invested after ascertaining your target .
Therefore proper planning needs to be put in place before embacking on the journey of aggressive buying of Bitcoin to avoid crashing out unexpectedly.

It depends on an investors goal, target for a certain period and I won't write off financial capacity, well everyone has their goal and target when it comes to investment and I believe that people should invest according to their capacity not doing so because they saw or heard another person doing that and want to follow suit, it's not a competition, everyone can't have same financial strength.

 Therefore all investors must invest according to their financial strength then know when it's the right time to go aggressive and when to slow down too, someone who recently started and have all it takes to go aggressive is allowed so far they follow due procedures and someone who's been in the accumulation journey for more than a decade can choose to slow down and enjoy some stash of what they been holding, to them it's like a reward for patience. So it's just about time, target and financial capacity.

[JayJuanGee]

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

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 ?

Discretionary income is not the amount of money an individual can afford to lose. Discretionary income is your total income minus your expenses for basic needs.

Is like you are a bit confuse here buddy, you said that discretionary income is not a money you can afford to lose, if that's the case, then what is discretionary income?
Because in still your writing, you said that discretionary income is the money left after your basic needs have been taken care of, which is very true, in Bitcoin investment it is always advisable to invest with an amount you are willing to lose, and it's only your discretionary income you can afford to lose, that is why it's recommended when you want to invest in Bitcoin, so am surprised by your statement that discretionary income is not a money you can afford to lose.

When we are referring to an amount of money that a person "can afford to lose," there is a psychological component.

Of course, a person could invest up to 100% of their discretionary income into bitcoin, yet if they make mistakes and they have no money left, then they might accidentally use money that they need for their expenses, so there can be dangers in using 100% of your discretionary income for investing in bitcoin.

There also could be things that guys want to do, or even need to do on a social level, so there can sometimes be intangibles or even reasons beyond bare basic needs that a person might still decide to spend money on various wants... consumption rather than investment.

Guys can learn how to invest aggressively or whimpily, and those are subjective choices, and likely the guy needs to keep in mind that he could lose the money invested in bitcoin based on execution risk kinds of reasons or maybe in terms of problems with the protocol or various attacks on it that could be successful or cause it's value/price to go down.  The fact that bitcoin is not guaranteed should be understood, yet at the same time, guys may well recognize that bitcoin is a very good asymmetrical bet to the upside. 

So as long as they don't engaged in leverage, then the most that they could lose is 100% of the amount put into it, but there are also a variety of scenarios in which his value put into bitcoin could go up small amounts or multiples of times, or magnitudes or even 1,000x or more .  There can be considerations about size of the bet (or how much to put in) based on current values of money and various ways a person might want to invest besides only investing into bitcoin.  There is a lot of asymmetry in the information, which is also part of the explanation why some folks have received a lot of payoff  from bitcoin, and others did not spend time to learn about bitcoin in order to invest into it in some reasonable way.  We are not necessarily going to see the world the same, and so actions will be different, and also consequences from actions will not be the same, either.  People live with consequences of action or failing to act and also in regards to how the managed their bitcoin, and managed their finances and psychology.

[Finebone]

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

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 ?

Discretionary income is not the amount of money an individual can afford to lose. Discretionary income is your total income minus your expenses for basic needs.

Is like you are a bit confuse here buddy, you said that discretionary income is not a money you can afford to lose, if that's the case, then what is discretionary income?
Because in still your writing, you said that discretionary income is the money left after your basic needs have been taken care of, which is very true, in Bitcoin investment it is always advisable to invest with an amount you are willing to lose, and it's only your discretionary income you can afford to lose, that is why it's recommended when you want to invest in Bitcoin, so am surprised by your statement that discretionary income is not a money you can afford to lose.

When we are referring to an amount of money that a person "can afford to lose," there is a psychological component.

Of course, a person could invest up to 100% of their discretionary income into bitcoin, yet if they make mistakes and they have no money left, then they might accidentally use money that they need for their expenses, so there can be dangers in using 100% of your discretionary income for investing in bitcoin.

Yes, you are certainly right sir, using 100% of your discretionary income to invest in Bitcoin might land you in trouble financial, but am still curious, if you already have a good emergency and reserve funds in place that can carry your financial burdens for more than 3 months, would it still be wrong to invest like 90% or 100% of your discretionary income?

Another thing am curious about is, I initially thought that our discretionary income is that money we can afford to lose because it's the money left after all expenses of our basic needs has been taken care of, so I really want to know, how best can we discribe that money we can afford to lose from our weekly or monthly income?

[Gost ms]

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

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 ?

Discretionary income is not the amount of money an individual can afford to lose. Discretionary income is your total income minus your expenses for basic needs.

Is like you are a bit confuse here buddy, you said that discretionary income is not a money you can afford to lose, if that's the case, then what is discretionary income?
Because in still your writing, you said that discretionary income is the money left after your basic needs have been taken care of, which is very true, in Bitcoin investment it is always advisable to invest with an amount you are willing to lose, and it's only your discretionary income you can afford to lose, that is why it's recommended when you want to invest in Bitcoin, so am surprised by your statement that discretionary income is not a money you can afford to lose.

When we are referring to an amount of money that a person "can afford to lose," there is a psychological component.

Of course, a person could invest up to 100% of their discretionary income into bitcoin, yet if they make mistakes and they have no money left, then they might accidentally use money that they need for their expenses, so there can be dangers in using 100% of your discretionary income for investing in bitcoin.

Yes, you are certainly right sir, using 100% of your discretionary income to invest in Bitcoin might land you in trouble financial, but am still curious, if you already have a good emergency and reserve funds in place that can carry your financial burdens for more than 3 months, would it still be wrong to invest like 90% or 100% of your discretionary income?

Another thing am curious about is, I initially thought that our discretionary income is that money we can afford to lose because it's the money left after all expenses of our basic needs has been taken care of, so I really want to know, how best can we discribe that money we can afford to lose from our weekly or monthly income?

If you invest 100% of your discretionary income, you will always be dependent on your emergency fund. For example, we never know what will happen in our lives. Suppose you need $100 a month for your son or daughter. But this month your son or daughter will need $200 because their school fees etc. will be more this month. But you did not know that if you had budgeted $100 this month like every month and you invested 100% of your discretionary income, then you may have to take money from your emergency fund or take a loan from someone. So that you do not have to take money from your emergency fund for such small amounts, it is better to keep some money on hand. If you needed half of your emergency fund and then you had a financial crisis, you would have to sell your holdings.

It is good to buy aggressively, but not so aggressively that you put your holdings at risk.

[Jostern]

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

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 ?

Discretionary income is not the amount of money an individual can afford to lose. Discretionary income is your total income minus your expenses for basic needs.

Is like you are a bit confuse here buddy, you said that discretionary income is not a money you can afford to lose, if that's the case, then what is discretionary income?
Because in still your writing, you said that discretionary income is the money left after your basic needs have been taken care of, which is very true, in Bitcoin investment it is always advisable to invest with an amount you are willing to lose, and it's only your discretionary income you can afford to lose, that is why it's recommended when you want to invest in Bitcoin, so am surprised by your statement that discretionary income is not a money you can afford to lose.

When we are referring to an amount of money that a person "can afford to lose," there is a psychological component.

Of course, a person could invest up to 100% of their discretionary income into bitcoin, yet if they make mistakes and they have no money left, then they might accidentally use money that they need for their expenses, so there can be dangers in using 100% of your discretionary income for investing in bitcoin.

Yes, you are certainly right sir, using 100% of your discretionary income to invest in Bitcoin might land you in trouble financial, but am still curious, if you already have a good emergency and reserve funds in place that can carry your financial burdens for more than 3 months, would it still be wrong to invest like 90% or 100% of your discretionary income?

Another thing am curious about is, I initially thought that our discretionary income is that money we can afford to lose because it's the money left after all expenses of our basic needs has been taken care of, so I really want to know, how best can we discribe that money we can afford to lose from our weekly or monthly income?

If you invest 100% of your discretionary income, you will always be dependent on your emergency fund. For example, we never know what will happen in our lives. Suppose you need $100 a month for your son or daughter. But this month your son or daughter will need $200 because their school fees etc. will be more this month. But you did not know that if you had budgeted $100 this month like every month and you invested 100% of your discretionary income, then you may have to take money from your emergency fund or take a loan from someone. So that you do not have to take money from your emergency fund for such small amounts, it is better to keep some money on hand. If you needed half of your emergency fund and then you had a financial crisis, you would have to sell your holdings.

It is good to buy aggressively, but not so aggressively that you put your holdings at risk.

Does it mean that if we invest all our discretionary income that is a bad choice of investing in Bitcoin, honestly speaking I don't think there is anything wrong if we choose to invest all our discretionary income into Bitcoin, considering that out discretionary income is money left over from our income after paying our expenses, Well I know sometimes life is unpredictable and we could make mistakes investing from our income which is meant for expenses, that is where we could fall into some trouble.
Perhaps what if an investor have a good financial management with an emergency funds and a reserved funds to help In sustaining your investment. Sometimes most folks would want to accumulate more aggressively, should that be discouraged as well because most guys would want to accumulate aggressive with all there discretionary funds, I absolutely think that investing in Bitcoin with all your discretionary income wouldn't be catastrophic considering that an investor have a good financial management. Talking about emergency funds which is meant for emergency situations we cannot dispute the fact that situation were we would attempt to use them wouldn't arise, and we also have reserved funds to also help for circumstances were you could imagine we have to access this funds, a good financial plans and management is important to sustain this situations

[Tonimez]

[Edited out]

Does it mean that if we invest all our discretionary income that is a bad choice of investing in Bitcoin, honestly speaking I don't think there is anything wrong if we choose to invest all our discretionary income into Bitcoin, considering that out discretionary income is money left over from our income after paying our expenses, Well I know sometimes life is unpredictable and we could make mistakes investing from our income which is meant for expenses, that is where we could fall into some trouble.
Perhaps what if an investor have a good financial management with an emergency funds and a reserved funds to help In sustaining your investment. Sometimes most folks would want to accumulate more aggressively, should that be discouraged as well because most guys would want to accumulate aggressive with all there discretionary funds, I absolutely think that investing in Bitcoin with all your discretionary income wouldn't be catastrophic considering that an investor have a good financial management. Talking about emergency funds which is meant for emergency situations we cannot dispute the fact that situation were we would attempt to use them wouldn't arise, and we also have reserved funds to also help for circumstances were you could imagine we have to access this funds, a good financial plans and management is important to sustain this situations

It seems that you either don't understand the real meaning of a discretionary income or you are mixing up things. Discretionary income has to do with the money left after attending to your basic needs or responsibilities. It is whole. This money is the one left after buying food stuffs, paying off your light bills, water bills environmental services and children's or family requirements for the period upon reception of your paycheck. Out of the discretionary income comes the emergency funds and back up funds. If you understand that emergency funds and back up funds come out from your discretionary income then you would not say that.

Investing all your discretionary income would leave you with no back up funds and emergency funds which indirectly exposes your bitcoin stash to possible premature sales when nature hits. Emergencies like health challenge and natural disasters don't announce a date, it happens. So it is advised that you only invest a percentage of your Discretionary income into bitcoin so that some percentage can be used to fortify your emergency funds and back up funds in order to be able to hold for long. Investing aggressively does not imply that you have to invest all your discretionary income or invest with your emergency funds. This is because if you intend to hold for a period of 4 to 10 years, then you must be financially knowledgeable to understand how not to invest beyond your capacity.

[Ivystar5]

Another thing am curious about is, I initially thought that our discretionary income is that money we can afford to lose because it's the money left after all expenses of our basic needs has been taken care of, so I really want to know, how best can we discribe that money we can afford to lose from our weekly or monthly income?

After covering your essential expenses, why you will have left is your discretionary income but however it's not what you can afford to loss because some of the discretionary income is meant to cover things like your entertainment, want or even to invest but however, what you can afford to loss is that part of your discretionary income that you have in which you can spend yet not realise you spent some amount because it has no effect on your survival.
You can have a percentage of your discretionary income to invest which you can possibly consider as an amount you can afford to loss, like 30% and above of your discretionary income you can afford to loss such because you have some good amount left to fix your personal entertainments or lifestyle  it if you want to be more aggressive then you can use a bigger percent of your discretionary income or probably cut down your lifestyle expenses like how many bottles of drink you take to a smaller amount to increase your investment.

As long as you can loss an amount and still be fine, having something to lay on when you already lost some is the amount you can afford to loss.

[Gallar]

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.

Danger never comes in a hurry. If you keep an emergency fund, it means that you are going to invest risk-free. Those who do not keep an emergency fund or a reserve fund often lose their investment after being caught in a storm.

Having an emergency fund is indeed a must for everyone, whether they are investing or not. But when investing in bitcoin, of course, an emergency fund can be likened to a shield. Because its use is to cover emergency needs when the funds allocated for needs have run out. So in such conditions, emergency funds can be used. But if you assume that when investing and having an emergency fund will be free from all risks, I think that assumption is not quite right. Because you need to remember that having an emergency fund does not mean eliminating all risks, but rather to be able to minimize the risk so that it is not too big. Because basically the risk can never be completely eliminated when investing in any asset, including bitcoin. So don't misunderstand the use of an emergency fund, because if you assume that all risks are gone when you have an emergency fund, of course that is very wrong. Although bitcoin is indeed a fairly safe investment asset, investing in bitcoin still has risks, although not as big as other assets.

It's good we have any emergency fund because unexpected things happened unannounced instead of running up and down looking for where to get money you just deep hand into your emergency fund and sort out your issues without the next man even knowing but in bitcoin investment it shouldn't be a thing of must before you get started with your bitcoin investment, you can still start with your bitcoin investment if you have a left over income (Discretionary income) you are very free start buying bitcoin and sort your emergency fund along the line.

Yes, it is possible to do that. But here I am talking about it to be more comfortable. Because if you already have an emergency fund before investing in bitcoin, it will certainly be much calmer. Because basically we never know when an emergency will come. So it could be that today we invest in bitcoin and tomorrow we have an emergency. So if that happens and we do not have an emergency fund, of course the money we invested in bitcoin will be withdrawn. That is why I think an emergency fund is very important to have, even before investing in bitcoin. Although it is true that we can collect emergency funds while we are running our bitcoin accumulation (DCA). But the point is after I think more deeply, having an emergency fund before investing is a better thing. In addition, if you do not have an emergency fund before investing in bitcoin, it can be said that your financial management is not good. Because having an emergency fund should not have to wait until you have invested. Because an emergency does not see whether we have invested or not.

Seems like you don't understand that you are already late into accumulating bitcoin compared to those who started accumulating earlier which is the main reason why you don't need to build up an emergency funds without starting your bitcoin accumulation. Do you think that it's easy to build up an emergency funds of at least three months of your monthly income with your discretionary income.

It can take up to one year and above in order for someone to build up his emergency funds and you prefer to waste all that time as a no coiner because you want to be on the safe side. I don't think that I buy this your idea because it will slow down the quantity of bitcoin that you target to accumulate in future. Don't forget that bitcoin price and time waits for no one and the more that you delay in getting started with your bitcoin investment, the more you deprive yourself a bigger portfolio in future.

Sometimes, we might have thie emergency funds set up and we will have no emergency popping up for some period of time which is why, as a no coiner, you don't need to be waiting but start buying bitcoin immediately provided that your discretionary income is available, and use it to invest in bitcoin weekly and build up your emergency funds. Unforeseen emergency is under probability to play out or not so don't put it as your priority over getting started with your bitcoin investment that can change your financial situation to a better one in future.

Friend, it seems like you don't understand what I mean, because the important point I want to convey is which is safer to do when investing in bitcoin. Because having an emergency fund before investing in bitcoin is not wrong in my opinion. Because you need to know someone who does not have an emergency fund in his life, can it be said that the person will be safe in his life. Because as I said, emergencies can come at any time and we cannot predict them. So the point is, don't speculate that an emergency will not come when you invest in bitcoin without preparing an emergency fund first.

I know that building an emergency fund may take a long time. I also agree that it will disrupt the momentum to start buying bitcoin. But I personally agree to do it first, because if you already have an emergency fund, investing in bitcoin will feel more comfortable. Because in my personal opinion, investing in bitcoin will never be too late, especially if the time span is only a few months different. Here I think realistically and it does not mean that I am saying that people who invest in bitcoin who do not have an emergency fund are completely bad. But in essence it will be less comfortable.

Because you need to know that I have been doing DCA on bitcoin continuously for several years, and you also need to know that if I did not have enough emergency funds, I would have sold some of the bitcoins I collected because of the emergency situations I have faced in the past few years. But the point is I will not force anyone to follow my assumptions, because here I only share experiences and suggestions according to my own personal experience.

[JayJuanGee]

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

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 ?

Discretionary income is not the amount of money an individual can afford to lose. Discretionary income is your total income minus your expenses for basic needs.

Is like you are a bit confuse here buddy, you said that discretionary income is not a money you can afford to lose, if that's the case, then what is discretionary income?
Because in still your writing, you said that discretionary income is the money left after your basic needs have been taken care of, which is very true, in Bitcoin investment it is always advisable to invest with an amount you are willing to lose, and it's only your discretionary income you can afford to lose, that is why it's recommended when you want to invest in Bitcoin, so am surprised by your statement that discretionary income is not a money you can afford to lose.

When we are referring to an amount of money that a person "can afford to lose," there is a psychological component.

Of course, a person could invest up to 100% of their discretionary income into bitcoin, yet if they make mistakes and they have no money left, then they might accidentally use money that they need for their expenses, so there can be dangers in using 100% of your discretionary income for investing in bitcoin.

Yes, you are certainly right sir, using 100% of your discretionary income to invest in Bitcoin might land you in trouble financial, but am still curious, if you already have a good emergency and reserve funds in place that can carry your financial burdens for more than 3 months, would it still be wrong to invest like 90% or 100% of your discretionary income?

By definition, you can spend your discretionary income on whatever you like, which includes investing up to 100% into bitcoin.

Personally, I think that you are lying to yourself if you are saying that you are investing 100% of your discretionary income on bitcoin, since people frequently will have some discretion in some of their expenses, so you likely have various kinds of food that are more luxurious so you are spending on food more than what you basically need.  The same is true with your rent and perhaps other expenses that you have.

There are also some expenses that increase your income or increase your chances of getting more income, and sometimes you might not exactly be able to measure what makes a difference, including that there is value in eating nutritious foods that may or may not cost more, but may well improve your energy and improve your income.  With utilitiesw sometimes there can be ways to save on your utilities, yet if you are paying for electricity, sometimes it will be better to spend more on electricity, and sometimes you might be able to earn more income from having a car rather than a motorcycle, even though cars cost more.   

There also might be some social things that you can choose whether or not to spend money, and sometimes if you show generosity, people will like you more, help you and even end up saving you money based on your spending money on them. 

Also sometimes if you wear nicer clothes, you will be invited into better quality social circles, yet still you are technically correct that you can spend up to 100% of your discretionary income on investing into bitcoin. 

By the way, you seem to acknowledge the importance of the emergency funds ,yet there is also discretion in terms of how large are your emergency funds and the extent to which you refresh them and/or use them for saving up for bigger ticket items.  Let's say for example you have a crappy smart phone that does not have very good functionality, and so you know that if you spend something like $500 on a new (or even a good quality used) smart phone, then you will likely become more productive and you might even be able to get some better quality work, so that instead of working 60 hours per week for your current income level, you will be able to work 45 hours per week, while earning 20% more... (maybe you need to improve your data plan to $10 more per month too - once you get the new phone.  So you really want to set money aside to be able to get the new phone and the other expenses, yet you consider that you are going to need to save for a few months before you are able to accumulate enough money.. so surely you have dilemmas regarding how much of an extra fund to create or even other tactics that you might take to spend some money so that you are pretty sure that you will be able to make more money and also save some time too... such as 15 hours of more time available per week with the new arrangement.  These can be tough decisions sometimes to rush a process or just to stay balanced and perhaps make the change 2-3 months down the road once you have accumulated enough savings (presumptively using your reserve funds) to get your cash level up to the amount that you have the extra $500.

Another thing am curious about is, I initially thought that our discretionary income is that money we can afford to lose because it's the money left after all expenses of our basic needs has been taken care of, so I really want to know, how best can we discribe that money we can afford to lose from our weekly or monthly income?

You are largely correct that money that you can afford to lose could be up to 100% of your discretionary income, yet many times people do not think about their discretionary income like that, since an overwhelming majority of people (especially normal people) spend some portion of their discretionary income on things that they want, whether it is going out to a restaurant or perhaps buying name brand sneakers, or having a few drinks at a bar, or buying a bicycle for their niece, so there is some value in present consumption rather than future consumption that might not happen.  There are also psychological components, so even if you have a lot of faith in bitcoin, you likely still need to take care of various psychological needs, so if you spent 2 years building up your bitcoin holdings, and maybe you are not really in profits, and then all of a sudden, the BTC price drops, 30% and you are pretty upset, and then it drops another 50% from the 30%, which then causes you to be right around 50% down, and then it drops another 40%, so then at that time, you are a total of 70% down, and you are supposed to be buying more BTC the whole time, and maybe you keep buying BTC, yet at the same time, you are feeling like you are running out of cash.  Maybe you were investing around 20% of your income into bitcoin, but then once the BTC price started crashing, you started to put 25% to 30% of your income into bitcoin, so maybe you have invested the equivalent of 60% of your annual income into bitcoin.

You could even become psychologically weak from the whole situation, and some folks might have had been telling you not to invest so much in bitcoin and then now they are telling you "I told you so", and they are even telling your that you could have had 3x more bitcoin if you had not been so aggressive in buying bitcoin "at the top."  Maybe it even takes 1, 2 or even 3 years before the BTC price starts to seem like it might have stopped dropping and staying flat... but you are still in the negative with how much you put in as compared with how much your BTC holdings are worth.  If you can tolerate all that negative BTC price pressure, then sure maybe you have invested no more than you can afford to lose, but you are going to end up being financially and psychologically challenged if the BTC price moves against you... so you actually need to find some balance in which you are both financially and psychologically comfortable, which is also part of the reason that many people are not going to invest 100% of their discretionary income, and maybe they will find some way to be aggressive without over doing it, but maybe invest around 50% or 60% of their discretionary income into bitcoin.. so then they have the remainder of their discretionary income as a kinds of cushion.

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Does it mean that if we invest all our discretionary income that is a bad choice of investing in Bitcoin, honestly speaking I don't think there is anything wrong if we choose to invest all our discretionary income into Bitcoin, considering that out discretionary income is money left over from our income after paying our expenses, Well I know sometimes life is unpredictable and we could make mistakes investing from our income which is meant for expenses, that is where we could fall into some trouble.
Perhaps what if an investor have a good financial management with an emergency funds and a reserved funds to help In sustaining your investment. Sometimes most folks would want to accumulate more aggressively, should that be discouraged as well because most guys would want to accumulate aggressive with all there discretionary funds, I absolutely think that investing in Bitcoin with all your discretionary income wouldn't be catastrophic considering that an investor have a good financial management. Talking about emergency funds which is meant for emergency situations we cannot dispute the fact that situation were we would attempt to use them wouldn't arise, and we also have reserved funds to also help for circumstances were you could imagine we have to access this funds, a good financial plans and management is important to sustain this situations

Surely many of us suggest to invest into bitcoin as aggressively as you are able to accomplish without overdoing it, and if you are investing 100% of your discretionary income into bitcoin, you seem to be asking for trouble... but yeah, technically, you are not, yet we all make mistakes and when you end up overdoing it, then it may well end up being worse that you ended up over doing it rather than find some level of aggressiveness that allowed for a bit of flexibility. 

But, yeah in the end, you make the choices in regards to how aggressive or whimpy that you want to b4e and also if you accidentally over doing it, then you are the one who will pay the consequences. 

Let's say that every week, for 52 weeks you have $100 of discretionary income (and you also have good cashflow management and back up funds in place), so one choice might be to invest $100 every week into bitcoin.  Maybe another choice would be to spend $90 every week, and then hold the other $10 on the side for other possible expenses, and then if you don't have extra expenses, then every 20 weeks, once the $10 on the side reaches $200, you will spend half of it to buy bitcoin.  You might be better off to invest the $90 every week and hold the $10 on the side every week rather than investing the whole $100 every week...and of course, you are completely in charge of considering those kinds of trade offs regarding your balancing your bitcoin investments with other things that could come up including maybe some miscalculations or even some buying on the dip or whatever ways that the held back funds might end up being spent.. and yeah, we are already assuming that you have regular back up funds in place.. which could also serve the purpose of the $10 in the event that you were to choose to invest the whole $100 every week rather than the $90.  There is no real correct answer including you are in the best position to figure out how much you should bre protecting yourself for mistakes and/or some sudden expense that might come up, especially if you already have emergency funds and reserve funds in place.

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Does it mean that if we invest all our discretionary income that is a bad choice of investing in Bitcoin, honestly speaking I don't think there is anything wrong if we choose to invest all our discretionary income into Bitcoin, considering that out discretionary income is money left over from our income after paying our expenses, Well I know sometimes life is unpredictable and we could make mistakes investing from our income which is meant for expenses, that is where we could fall into some trouble.
Perhaps what if an investor have a good financial management with an emergency funds and a reserved funds to help In sustaining your investment. Sometimes most folks would want to accumulate more aggressively, should that be discouraged as well because most guys would want to accumulate aggressive with all there discretionary funds, I absolutely think that investing in Bitcoin with all your discretionary income wouldn't be catastrophic considering that an investor have a good financial management. Talking about emergency funds which is meant for emergency situations we cannot dispute the fact that situation were we would attempt to use them wouldn't arise, and we also have reserved funds to also help for circumstances were you could imagine we have to access this funds, a good financial plans and management is important to sustain this situations

It seems that you either don't understand the real meaning of a discretionary income or you are mixing up things. Discretionary income has to do with the money left after attending to your basic needs or responsibilities. It is whole. This money is the one left after buying food stuffs, paying off your light bills, water bills environmental services and children's or family requirements for the period upon reception of your paycheck. Out of the discretionary income comes the emergency funds and back up funds. If you understand that emergency funds and back up funds come out from your discretionary income then you would not say that.

Investing all your discretionary income would leave you with no back up funds and emergency funds which indirectly exposes your bitcoin stash to possible premature sales when nature hits. Emergencies like health challenge and natural disasters don't announce a date, it happens. So it is advised that you only invest a percentage of your Discretionary income into bitcoin so that some percentage can be used to fortify your emergency funds and back up funds in order to be able to hold for long. Investing aggressively does not imply that you have to invest all your discretionary income or invest with your emergency funds. This is because if you intend to hold for a period of 4 to 10 years, then you must be financially knowledgeable to understand how not to invest beyond your capacity.

You have a strange way of describing emergency funds and reserve funds, since sure they come out of your discretionary funds, but once they are built then they are built.. you do not need to build them each month once they are already built unless you choose to spend from them or you might need to adjust them from time to time to account for possible changes in your expenses or changes in the ways that you calculate your expenses..