Seems to be that Eligius is back under the new name ocean.
I wonder why Luke Dashjr. did not open up a thread about this.
 
source:
www.ocean.xyz

Hi…

So basically the reason for this topic is, lately I have been seeing a lot of misunderstanding between discretionary income and emergency funds, especially in conversations around Bitcoin investing. Many of us tend to mix them up or treat them like they are the same thing. So I just felt the need to open this up, but jst to enlighten and highlight the difference and why it really matters when it comes to building our Bitcoin portfolio..

Please…
Let’s all share our thoughts and opinions on this. I believe we will all learn something useful here.

So first, what is Discretionary Income?
This is the money that is left after you have paid for all your important life responsibilities, rent, food, bills, transport, savings, and so on. It’s not tied to survival or emergencies. It’s the money you can actually decide what to do with, whether to invest, spend, or save extra.
Since the money is not tied to keeping a roof over your head, feeding yourself or your family, or paying the bills that keep the lights on. It is extra and that makes all the difference.

Why is this so important when it comes to Bitcoin investing? The fact that Bitcoin is known for its price swings and unpredictability in the short term. When you invest with your discretionary income, you are putting money in that you can afford to have tied up or even lose (but you won't) without it negatively impacting your daily living.

If the market drops for instant, you don’t have to panic sell because your rent is due next week or because you need money for food. Your essentials are already covered, that money was never on the line to begin with. This freedom gives you a huge psychological advantage... The ability to stay calm, think clearly, and hold your Bitcoin for long without unnecessary stress..

Now, what is an Emergency Fund?
An emergency fund is money you set aside and don’t touch except when something unexpected happens in life. It is there to catch you when things go wrong and you need cash fast. Life can surprise us with things like sudden illnesses, losing a job, urgent car repairs, or family emergencies that require money you did not plan for. That is when your emergency fund comes in...

This money is not for buying Bitcoin and definitely not for jumping into buying bitcoin just because bitcoin dump a little and “now is the time to go aggressive”....  If you spend your emergency fund on bitcoin investments or other investments, you could find yourself in trouble when real problems show up. Life does not send you a warning before things go wrong, bills pile up, car breaks down, or health issues happen without notice.

Your emergency fund should be easy to access, usually kept in a simple savings account, so you can get to it quickly without losing value. People often say it is good to have enough money saved to cover at least three months of your basic living costs.. This way, if your income stops for a while or you have a big unexpected expense, you won’t panic about where the money will come from.

Having an emergency fund gives you peace of mind. It means you are prepared for life surprises without having to borrow money or sell your bitcoin investments at the wrong time.

Why the Difference Really Matters
The big issue is, when people don’t separate these two, they make emotional decisions. Someone might use their emergency funds to buy the dip, and then when life hits, they are forced to sell which is not in line with their DCA plan or go into panic mode. That is how stress enters.

But when you invest with only discretionary income, it is different. You are building your Bitcoin stack gradually and peacefully. You are not under pressure to pull out when things go down, because that money was not tied to anything urgent in the first place.

For example:
Let’s say you earn $2,500/month. After handling your rent, bills, transport, savings, groceries, and other basic expenses, you have around $500 left over. That $500 is your discretionary income. You can decide to invest it in Bitcoin according to your investment plan, buy books, enjoy a night out, it’s totally up to you.

Now, let’s say you also have $2,000 saved in a separate account strictly for emergencies, like medical bills, job loss, or unexpected expenses. That money is your emergency fund, and it should never be touched for Bitcoin investments or any other form of investment..

The moment you start mixing the two, you are maybe setting yourself up. You could hurt both your finances and your peace of mind..

That is why keeping these two funds separate is one of the smartest things you can do as a Bitcoin investor.


I would really love to hear what y’ll think about this, do you separate your funds like this? Have you ever made the mistake of using your emergency savings to invest in Bitcoin? Let us learn from each other. Drop your thoughts.

You're right every efforts counts in publicsing chamby Token globally especially here in my country. According to The 2024 Global Adoption Index, my home country Nigeria is the second highest cryptocurrency adopters globally. This Global index have proven that my home country takes investment in cryptocurrency very serious and this time around I will be promoting chamby Token to the drive force of the Nigeria crypto market which has the second largest holders of cryptocurrency globally. For the start I will be printing 2000 copies of this flyers and my targeted areas for this distribution will be Tertiary institutions  like state Universities, polytechnics and college's where hundreds of young youths are spotted. The youths are the drive force of the markets and also the major Holders. Although printing 2000 copies  and also organizing chamby Token enthusiasts that will support in distributing this flyers to students in tertiary institutions will be quite expensive but as along as it's will support the growth of chamby Token in the markets,then it's all good. I will  also make sure this flyers will reached in designated universities and polytechnics within my reached and am certain my efforts will be productive in boosting chamby Token in the Nigeria crypto market.

If you are buying for last 10 years then you are not only buying at ATH but also at low price. ATH changes with time, like in 2017 ATH was 20k which today looks like an ordinary price. Today price is at it's peak of 115k and may be after few years from today 115k also looks to us an ordinary price. One advantage of keep buying for 10 years is that we don't need to worry about the bottom. Ten years averages the top, middle and bottom prices to give a good figure.

I thought your introduction would have come with a simplified definition of what serial entrepreneurship might mean but, you rather went straight into it.

I checked the definition on the web and it’s said to mean:
“An individual having to start and manage more than one business at a time and even having to award the managerial duties to some worthy staff”.

In essence, it might be one man owned but, not one man managed.  It however, isn’t always a favorable venture when it’s too many. You don’t find the time to apportion to all of them as, you still need to spearhead whatever is been updated to be accurate.

Someone said that Bitcoin is for the rich, but that's not completely true. It might feel like Bitcoin is for the rich due to the media focuses on celebrities and billionaires buying and benefiting from Bitcoin. This creates a perception that Bitcoin is a rich person's asset. Even during network congestion, fees can spike making small transactions very expensive. But let's not forget that Bitcoin is neutral, it can empower the rich or help lift the poor, it actually depends on how communities adopt it. So understand that Bitcoin is for everyone, you can buy tiny fractions, not until you afford a whole Bitcoin.

Because they have their own reason:

1. It's harder for them to tax the money, people have a way to cash out privately which make them can't maximize the tax, unlike stock, ETFs where everything recorded in centralized sites.
2. They're a country where most of the citizen are Muslims, Bitcoin is haram in Islam, hence they ban it.
3. They hate Bitcoin.

Bitcoin is not owned and controlled by governments and central banks and Bitcoin is like a threat in view of governments and central banks. With conflict of interest, it is explainable why they don't like Bitcoin and in many years want to do many attacks in order to kill Bitcoin adoption.

They can not kill Bitcoin and its adoption in 2025 and in the future so they changed from restrictions, bans to accept Bitcoin but enforce more laws, regulations for getting more money from citizens through tax. Taxing on Bitcoin investors, traders is like a most important concern of governments globally nowadays when they know that their governments will be challenged, even collapsed if they ban Bitcoin.

you can just use a cex in the beginning with a small amounth of purchase. and keep them there. after a while when you adapt to ecosystem you can choose the way yourself.