Buy the DIP, and HODL!

[ChocolateBitcoinK]

I agree with this, if there is a plan and discipline, long-term investment is possible and can be sustainable even with fixed income. If someone's monthly income is $500, he can invest at least $20-$30 after covering all expenses. In the DCA method, no matter what the price, if he continues to invest a certain amount regularly for five years, it will turn into a large number. Which is possible only through fixed income. There are many investors who have started with small amounts and have been successful consistently. The key to investing is discipline and consistency. If you start with a very small portion of fixed income, it will turn into a significant asset over time.

Only an investor with a fixed income can invest in Bitcoin.
An investor must have a discretionary income to invest in Bitcoin.
Without discretionary income, if an investor invests with the income that meets his basic needs or with the emergency fund or the money provided in the emergency fund, that investment will not be sustainable because he will need money for various needs and he will be forced to sell the Bitcoins kept in his portfolio to meet the shortfall in that money.

Therefore, for investment, a discretionary income is needed that will come after a person's basic needs are met.
When a person invests in Bitcoin after meeting his basic needs and emergency fund, his portfolio will be much more sustainable.

The main thing is that to sustain an investment in the long term, you need to do everything you need to do, such as income and financial management, and you need to take all the necessary measures to keep the investment safe in the long term. That is, the main thing here is that you have to hold it for the long term, and for this you have to invest with the amount of money you are ready to lose, that is, you have to invest with money that you do not need, that is, you have to decide to invest from discretionary income. But If you don't have discretionary income, you should not go into investment, because the success of Bitcoin investment is most likely to come only in the long term.

[ruykeri]

And when you have good management skills, then it becomes easier to manage your assets because when you invest in Bitcoin, it becomes easy to manage your funds because emergency funds are part of management skills, it makes you want to focus more on the investment, and it is underestimated. And another important thing is going to be having a source of income, because having a source of income and when you have source of income then DCA becomes easier to implement. And even if there is no source of income, just that will make it very difficult, and there won't be consistency, and investing money will make  it slower to accomplish your goal, and people will eventually understand the importance of having money coming in to invest, so investing needs a lot of commitment.

I will only be talking about the highlighted words, when investing into Bitcoin, for consistency of your accumulation, discretionary income is greatly needed, not source of income as you claim, because their are so many folks out there that have a source of income but still can't figure out their discretionary income, so the ideal word you should be using when talking about accumulating consistency is discretionary income not source of income.

You agree with you. Because only source of income is not enough for bitcoin investment . In addition, the extra money that remains after deducting all expenses from that income is discretionary income. One should invest in Bitcoin with that income. Because if someone does not have discretionary income, then even if he invests in Bitcoin with risk, he will not be able to continue it for a long time, so at the end of the day he will face probably  losses. So if someone wants to succeed in the future through Bitcoin long-term investment, then he must have discretionary income. In addition, a reserve fund and an emergency fund must be formed so that he does not have to sell the Bitcoin accumulated for any unexpected financial problem in the future.

[Frankolala]

I agree with this, if there is a plan and discipline, long-term investment is possible and can be sustainable even with fixed income. If someone's monthly income is $500, he can invest at least $20-$30 after covering all expenses. In the DCA method, no matter what the price, if he continues to invest a certain amount regularly for five years, it will turn into a large number. Which is possible only through fixed income. There are many investors who have started with small amounts and have been successful consistently. The key to investing is discipline and consistency. If you start with a very small portion of fixed income, it will turn into a significant asset over time.

I don't get the point your point fixed income or are you trying to say a stable source of income. A fixed or stable source of income isn't a necessity for a no coiner to start his bitcoin investment, provided he has a discretionary income that he can use to buy immediately, even though he cannot be consistent with his ongoing accumulation. Some persons might don't have a good source of income to provide them regular discretionary income every week/month. If they have started their bitcoin investment, they can look for means to increase their income through looking for a second source of income, learning a skill or improve their educational qualification to earn higher. When that is achieved, you now have the flexible to keep your bitcoin accumulation ongoing with weekly DCA consistently and persistently for 4-10 years and above.

I wouldn't agree with you that a fixed income is what one needs to be consistent in his DCA accumulation overtime because his income is not increasing, and the rate of inflation is getting higher overtime killing the value of fiat slowly overtime and the price of bitcoin increases overtime. If I am receiving $300 weekly, and my monthly basic needs and expenses is $230, my discretionary income is only $70, which you can use whatever amount you feel is cool with you to invest from that $70. If I don't look for a way to increase my income from now till 5 years' time that $300 will not be enough for me again due to inflation and the high cost of things. I might have just $10, or nothing left as my discretionary income and if I continue like that on the 7th year, I might not have any discretionary income to invest in bitcoin and i will stop my bitcoin accumulation journey.

This is the reason why as you are investing in bitcoin, you must look for other means to improve your income to keep on your accumulation journey ongoing and also increase the amount that you are using to DCA due to an additional discretionary income.

[JayJuanGee]

An emergency fund should be considered essential by anyone considering long-term Bitcoin investment and not wanting to disrupt their Bitcoin balance every time they need cash. However, I recommend everyone have a steady job with a regular income stream so they can manage it carefully, including allocating a portion of their income to an emergency fund and using the rest as capital to buy Bitcoin.

To invest or create an emergency fund, we need a source of discretionary income. If you do it with your fixed income source, it may not be very sustainable. For example,

*Discretionary income is the amount of money left over from your fixed income after deducting all expenses. It is better to invest with discretionary income because you do not need this amount of money very much. The money that is left after meeting all your expenses is discretionary money. If you invest with discretionary income, it becomes much easier for you to maintain it in the long term.

If you do not have an emergency fund, you can create it along with your investments. You can keep some money aside for an emergency fund from the amount of money you wanted to invest from your discretionary income. If you do not have an emergency fund, you can do emergency fund and investment at the same time.

If you invest with fixed income, you may not be able to maintain your investments in the long term. For example, if you need the money, you will have to sell your holdings. So you should invest with discretionary income.

I don't really understand what you mean by fixed income, does that mean all your income (pay) which I don't think anyone can make such mistake of investing with his entire income. Everyone has a bill to pay either personal or extended.

I think that Loyang is misusing the term fixed income, since frequently the term "fixed income" relates to some kind of an already set income like a social security benefits or a pension or some other financial product that is set to pay out regularly and perhaps even have some periodic (such as annual) adjustment to its payout amount somehow tied to the inflation rate.  

Pay from work is usually not considered to be "fixed income," even if it might have an established amount, like a salary or maybe a fixed set of hours worked every week.   Loyang seemed to have been attempting to describe a person who has a job that has a somewhat regular income, even though surely any of us can realize that income could come from a variety of places, so maybe he was just being loose with his attempt to just describe an income that is coming in regularly and perhaps at a rate that does not change very much, whether it is weekly, monthly or some other periodic basis.

You're right about investing with discretionary income only because that is the best way to achieve a sustainable bitcoin long-term holding but I also want to clarify that you don't invest with all your discretionary income. You only invest a part of the  discretionary income and share others into your emergency funds and back up funds. This is a more trusted way of ensuring a long-term holding since no bitcoin stash can make it long without an emergency funds and back up funds.

This all makes sense, not only from the perspective of investing and building up some back up funds at the same time, yet discretionary income is also used for a variety of discretionary consumption reasons in which a person may or may not put a lot of priority in terms of having money for various consumption reasons, and surely a person might suffer from some psychological trauma or even have some blow back in social circles if he is not spending money on discretionary consumption.

So maybe if a person has an income of $1,500 per month, and maybe $900 per month for the items that he considers to be basic expenses such as lodging, food, clothing, utilities, basic transportation to and from work (and these days various basic communication devices such as phone and/or data services - which might also have had historically fit in the category of utilities), So then in this hypothetical, he has $600 per month remaining in his discretionary income.  maybe he would invest into bitcoin with $300 per month and use $150 per month to build up his emergency funds and/or reserve funds, then maybe he has $150 per month remaining for various other discretionary expenses such as entertainment or luxury items or even upgrades to some of the basic expenses to make them nicer or more comfortable.

He can divide these as he likes, and presumptively once he gets his emergency funds up to 3 months of his expenses (which would be $2,700 in this example) then he may well divert that money for any of the other discretionary purposes or he could even use that extra money that he had been using to build his emergency funds into reserve funds or use that extra money for buying more bitcoin.

The idea of discretion is that you can do whatever you like with that money, even burn it if you like, but if you are overly focused on investing and you are not properly paying your fair share in various optional social circumstances, your
social status could suffer from your behaviors (and the perceptions of others regarding your behaviors), and in the end, you still have the choice to decide these kinds of spending matters, and sometimes you might not realize some of the ways that some of your discretionary spending might sometimes seem that it fits into a category that may well be more about basic ways that you should be spending (some of your basic expenses) rather than being considered as something that you have a choice about, even if technically you do have choices regarding some of the social expenses.. ...

For example, if you would just like to buy your 10 year old daughter a card and put $20 inside of it for her birthday, your wife and your daughter expect that you are going to be buying her a bicycle that costs around $150, and there may be quite a few ways that you are obligated to spend somewhere in the ballpark of $150 unless you can figure out some creative way to keep everyone happy in the event you figure out some ways to spend less.  

A similar thing could be true with your wife.  Maybe every year, you have a tradition of taking her out for dinner and maybe even going on a long weekend vacation, which tends to cost around $500 to $700, and it is once a year.  Surely you have a choice about spending this money, and you might even be able to figure out ways to spend less, while still satisfying your wife's beliefs in regards to your financial and/or support obligations.  

You can consider these as discretionary or you can consider these as things that are mandatory for you to save up for so that you have enough money at the time that you need to make those expenditures.  They seem like discretionary spending amounts, even though you might want to categorize them as basic expenses, and sure maybe either classification can work for you, even though it seems to me that sometimes guys are proclaiming that they are spending 100% of their discretionary income on either investing into bitcoin or putting that money into emergency funds, yet it seems to me that if we are trying to be realistic and more accurate in our calculations, we are likely going to find that we have some discretionary expenses that we have to make that are going to take away from how much we can put into either our bitcoin investment and/or put into our back up funds.

Having a stable source of income is paramount in setting up your DCA approach to bitcoin investment. This is because you analyse your cashflow and set up a good financial management strategy to allocate every bit of the income to your responsibilities until every of your basic responsibilities are met or taken care of.

You don't need to have a stable source of income in order to carry out DCA.  DCA can be done whenever discretionary funds are available, and it does not have to be stable or regular, even though maybe guys try to prioritize their bitcoin investment, sometimes they might not be able to buy bitcoin every time that they get paid, yet they still can employ DCA at times that they have determined that they have sufficient discretionary funds to accomplish such.

Don't get me wrong.  I frequently emphasize that guys should be investing into bitcoin as aggressively as they can without overdoing it, yet that still does not mean that guys have to have a steady income or that their bitcoin buying has to be every week, even though I frequently suggest that bitcoin buyers (especially newbies) should be trying to set up bitcoin buying systems and practices so that they are buying bitcoin every single week, yet if they don't have enough money coming in, then they likely need to figure out ways to accomplish buying bitcoin every single week within their own systems or to figure out what works best for them under their current budgetary and/or psychological circumstances.

The money left after handling these responsibilities is what you refer to as your discretionary income from where you also set aside the amount that will go into your emergency funds and the ones that will go into the backup funds with which you can compensate for any excesses in your planned responsibilities. At all, the amount left of your Discretionary income is referred to as the investment funds which is what goes into the bitcoin accumulation.

Your description is confusing, even though you are correct to say that discretionary income is what is left after accounting for expenses and discretionary income is from where you build your various back up funds whether emergency funds and/or reserve funds.  Each of us can choose the extent to which we use our discretionary income to buy bitcoin, add to our back up funds and/or engage in consumption with that money...

Of course, if we spend all of our discretionary income then we can draw from our back up funds to engage in additional spending, and surely some of us have suggested that it is good to keep some extra funds such as reserve funds that have flexibility in regards to how they are spent, and maybe to protect us from tapping into our emergency funds absent an actual emergency... yet at the same time, we can choose how to manage and prioritize our uses of various funds, which goes back to our chosen level of aggressiveness or whimpiness which relates to how much cushion that we might keep in various funds and perhaps how much we might be choosing to buy or invest into other things other than bitcoin...

Those are surely choices that we have, and even if some of us recommend that guys should be striving to buy as much bitcoin as they can without overdoing it, at the same times, guys have to make choices regarding how much that they are willing to do and what kinds of back up systems that they have in place so that they do not end up overdoing it.

If someone can be succinct in his cashflow management, provided he has a source of income, the wouldn't be much possible reasons to sell off his bitcoin prematurely. Disobeying your set cashflow system would also affect your bitcoin investment at anytime.

These are never really easy choices.  Surely in the earliest times of BTC accumulation, a guy may well be focused on BTC accumulation, and it might not be ambiguous to him about what to do, even though surely in the very beginning, a guy still might not have confidence in whether it is a good idea to invest in bitcoin rather than investing somewhere else.  Even you Tonimez only have less than a year in bitcoin (if we go by your forum registration date), so I find it difficult to understand how you would have had personally experienced some of the difficulties that go with keeping on accumulating for a whole cycle including that a lot of guys here, who have only been in bitcoin since 2022 or later, they have largely have ONLY been experiencing bitcoin while the prices have been going up, and surely I am not going to claim that it is easy for them, yet their perspectives can become skewed in regards to what to do or how to handle various matters if they have not even personally experienced a whole cycle.

Don't get me wrong, I am not trying to discourage any members from trying to hypothesize themselves through various experiences or even to draw on the experiences of other forum members, yet it still seems to become problematic that we have so many members who are relatively new to bitcoin and they are giving all kinds of advice that seems to touch upon cashflow management and investing into bitcoin, yet their suggestions seem to be so much hypothetical rather than having some attachments to their own circumstances or maybe in the context of asking more questions rather than trying to suggest how guys should be attempting to balance their investing into bitcoin an their cashflow management systems and practices.

[edited out]

It's very mandatory for every individual to have the flexibility of adjusting their backup fund levels as well as designations based on their individual circumstances and financial position. Yeah, it's true that some folks would rather prefer to just have a larger emergency fund and not bother having other reserve funds, but it think it's important to have desperate backup funds, such as the reserve and float funds, as this may prevent one from always tapping into the emergency when minor financial needs or emergencies comes up, because this will help the emergency fund remain standby for actually emergencies which is the main purpose it was initially built, using it for all emergencies, including the minor ones might potentially deviate the individual's focus from the true purpose the emergency fund was initially meant to serve which could potentially result to a financial mistake.
But ultimately, the key remains to strike a balance between Building wealth through investing in Bitcoin and simultaneously maintaining a safety net that'll help mitigate potential risks.

Ultimately my own purpose in regards to trying to distinguish between the three forums of back up funds (emergency funds, reserve funds and float) is in order to attempt to establish priorities to the differing kinds of funds, yet for example there still could be cases where guys are calling their funds emergency funds, but they are really treating them as reserve funds... and the same is true with the float. They might not know what the float is, so they call their reserve funds a float.

Maybe it does not matter so much what they are calling each of these fund categories, even though as you seem to be suggesting, sometimes if guys are thinking about their various kinds of back up funds in the wrong kinds of ways, then they might end up with mistakes that could have had been avoided. .which surely if we are tempted to tap into our emergency funds and we have quite a bit of emergency funds and we expect to replace the tapped into amount within one to two pay periods (saying that pay is every week), then maybe we are sufficiently assessing the additional risk that we are taking by tapping into such funds and maybe the fact of the matter, when we are in the first year or so of building up of our emergency funds, we are going to have to be more flexible in regards to how we treat that fund, and maybe we are ending up treating some of it as reserve funds rather than emergency funds until we get it up to 3 months and then maybe we start to have some funds that are outside of the emergency funds, so then we end up not tapping into it any more after it has reached a larger size and we spent more time building our various back up funds and thinking about the various ways that we keep the funds so that we may well have easy access and protecting their safetiness and even considering the security of each of the ways we are keeping the funds, which makes way more sense on a personal concrete and application level when we are practicing these matters (and flowing with them from month to month.. with weekly variance too) rather than just theorizing about them.

It's also very crucial to acknowledge the fact that the priorities and financial situations of every investor is capable of changing overtime, and in such a case, it's important for their back up strategy to also be flexible enough to also adapt to those changes accordingly. By regularly reviewing and adjusting (when necessary) their emergency funds and reserve funds allocation, it'll be easier for investors to adequately prepare themselves for unexpected events while also pursuing their long term financial goals.

Maybe initially when we first set up our emergency funds, it took us more than a year to build them up from $600 to $2,700 and our monthly expenses were right around $700 when we started, but after a year some expenses changed and they became $900), and then maybe after another couple of years our monthly expenses become $1,100, so then we start to consider that we need $3,300 in order to maintain our emergency fund at adequate levels.  We also might have learned some ways to fix some matters, and maybe even reduce some of our monthly expenses, so then after the next year we reduce our emergency fund back down to $2,700 based on changed conditions.

The growth of our bitcoin stash could also affect our ways of considering how we treat various forms of money that we keep on hand, and surely if our bitcoin amount might have had gotten to around 6 months of our expenses invested into bitcoin, yet at the same time, if the BTC price might have had doubled or tripled in price during that process, we might consider some of the matters differently, yet surely I will remain concerned if guys are making any changes based on their valuation of their bitcoin based on spot price versus valuating based on the 200-WMA.... even though surely if a guy is accumulating bitcoin for a whole cycle or more, it may be too early for him to make any changes to what he is doing, even though he may well create various spreadsheets to assess where he is at versus where he thought that he would be, and he might feel that he needs to make some adjustments to his buying practices and/or how much of his time, energies and/or value he is dedicating to his bitcoin investment.

None of us are likely able to answer these kinds of dedication matters (or level of aggressiveness matters) for someone else unless we know enough of their personal factors and/or their priorities.

[Merit.s]

And when you have good management skills, then it becomes easier to manage your assets because when you invest in Bitcoin, it becomes easy to manage your funds because emergency funds are part of management skills, it makes you want to focus more on the investment, and it is underestimated. And another important thing is going to be having a source of income, because having a source of income and when you have source of income then DCA becomes easier to implement. And even if there is no source of income, just that will make it very difficult, and there won't be consistency, and investing money will make  it slower to accomplish your goal, and people will eventually understand the importance of having money coming in to invest, so investing needs a lot of commitment.

I will only be talking about the highlighted words, when investing into Bitcoin, for consistency of your accumulation, discretionary income is greatly needed, not source of income as you claim, because their are so many folks out there that have a source of income but still can't figure out their discretionary income, so the ideal word you should be using when talking about accumulating consistency is discretionary income not source of income.

I agree with you mate, discretionary income is the most important thing for anyone to have if he wants to start his bitcoin investment and not just a source of income, because that's not enough. Some people have a source of income but it's not enough to take care of their basic needs and monthly expenses. This is why you must be able to figure out if you have a discretionary income from your income and know how much it is, in order to enable you know if you can start your bitcoin investment or not and how much you will use to be accumulating bitcoin in your own convenience.

If you don't figure out if you have a discretionary income and you rush into purchasing bitcoin, if at the end it happens that you don't have any, you will be forced to sell the bitcoin that you bought to take care of your basic needs which is not supposed to be so, because you might be unlucky and run at loss if bitcoin price dips below your entry point.

[sotelorene]

I agree with this, if there is a plan and discipline, long-term investment is possible and can be sustainable even with fixed income. If someone's monthly income is $500, he can invest at least $20-$30 after covering all expenses. In the DCA method, no matter what the price, if he continues to invest a certain amount regularly for five years, it will turn into a large number. Which is possible only through fixed income. There are many investors who have started with small amounts and have been successful consistently. The key to investing is discipline and consistency. If you start with a very small portion of fixed income, it will turn into a significant asset over time.

Only an investor with a fixed income can invest in Bitcoin.
An investor must have a discretionary income to invest in Bitcoin.
Without discretionary income, if an investor invests with the income that meets his basic needs or with the emergency fund or the money provided in the emergency fund, that investment will not be sustainable because he will need money for various needs and he will be forced to sell the Bitcoins kept in his portfolio to meet the shortfall in that money.

Therefore, for investment, a discretionary income is needed that will come after a person's basic needs are met.
When a person invests in Bitcoin after meeting his basic needs and emergency fund, his portfolio will be much more sustainable.

The main thing is that to sustain an investment in the long term, you need to do everything you need to do, such as income and financial management, and you need to take all the necessary measures to keep the investment safe in the long term. That is, the main thing here is that you have to hold it for the long term, and for this you have to invest with the amount of money you are ready to lose, that is, you have to invest with money that you do not need, that is, you have to decide to invest from discretionary income. But If you don't have discretionary income, you should not go into investment, because the success of Bitcoin investment is most likely to come only in the long term.

Sustaining an investment is not really hard all one need is just discipline and focus on what you want and be committed because without commitment nothing can be achieved and the things that will help an investor to be... are discretionary income, emergency funds, reserve funds and some other necessary funds that can help aid in the meeting of a desire goal. I strongly believe availability of these funds will definitely help an investor stay committed if they actually want to achieve or get their goal because without these an investor will really struggle and any investor that is not strong can derail.

[yixichloro2xx]

I agree with this, if there is a plan and discipline, long-term investment is possible and can be sustainable even with fixed income. If someone's monthly income is $500, he can invest at least $20-$30 after covering all expenses. In the DCA method, no matter what the price, if he continues to invest a certain amount regularly for five years, it will turn into a large number. Which is possible only through fixed income. There are many investors who have started with small amounts and have been successful consistently. The key to investing is discipline and consistency. If you start with a very small portion of fixed income, it will turn into a significant asset over time.

Only an investor with a fixed income can invest in Bitcoin.
An investor must have a discretionary income to invest in Bitcoin.
Without discretionary income, if an investor invests with the income that meets his basic needs or with the emergency fund or the money provided in the emergency fund, that investment will not be sustainable because he will need money for various needs and he will be forced to sell the Bitcoins kept in his portfolio to meet the shortfall in that money.

Therefore, for investment, a discretionary income is needed that will come after a person's basic needs are met.
When a person invests in Bitcoin after meeting his basic needs and emergency fund, his portfolio will be much more sustainable.

The main thing is that to sustain an investment in the long term, you need to do everything you need to do, such as income and financial management, and you need to take all the necessary measures to keep the investment safe in the long term. That is, the main thing here is that you have to hold it for the long term, and for this you have to invest with the amount of money you are ready to lose, that is, you have to invest with money that you do not need, that is, you have to decide to invest from discretionary income. But If you don't have discretionary income, you should not go into investment, because the success of Bitcoin investment is most likely to come only in the long term.

If you want to hold an investment for the long term, you need a steady income, good money management, and control over your spending. Without that, it is easy to get caught in a situation where you are forced to sell during a market dip. The key is making sure you can keep your investment untouched, no matter what the market is doing.....Putting money into Bitcoin when you don’t have extra cash to spare can be risky. It is better to invest only what you won’t need for daily expenses or emergencies. That way, you are not pressured to sell early, and you can give your investment time to grow without constant financial stress.

I don't get the point your point fixed income or are you trying to say a stable source of income. A fixed or stable source of income isn't a necessity for a no coiner to start his bitcoin investment, provided he has a discretionary income that he can use to buy immediately, even though he cannot be consistent with his ongoing accumulation. Some persons might don't have a good source of income to provide them regular discretionary income every week/month. If they have started their bitcoin investment, they can look for means to increase their income through looking for a second source of income, learning a skill or improve their educational qualification to earn higher. When that is achieved, you now have the flexible to keep your bitcoin accumulation ongoing with weekly DCA consistently and persistently for 4-10 years and above.

I wouldn't agree with you that a fixed income is what one needs to be consistent in his DCA accumulation overtime because his income is not increasing, and the rate of inflation is getting higher overtime killing the value of fiat slowly overtime and the price of bitcoin increases overtime. If I am receiving $300 weekly, and my monthly basic needs and expenses is $230, my discretionary income is only $70, which you can use whatever amount you feel is cool with you to invest from that $70. If I don't look for a way to increase my income from now till 5 years' time that $300 will not be enough for me again due to inflation and the high cost of things. I might have just $10, or nothing left as my discretionary income and if I continue like that on the 7th year, I might not have any discretionary income to invest in bitcoin and i will stop my bitcoin accumulation journey.

This is the reason why as you are investing in bitcoin, you must look for other means to improve your income to keep on your accumulation journey ongoing and also increase the amount that you are using to DCA due to an additional discretionary income.

I get what you are saying, a person don’t necessarily need a steady paycheck to start stacking Bitcoin. If you have got some spare cash you can set aside right now without needing to dip into it, that is enough to make a start. Even if you can not buy regularly at first, you can begin with a small amount and focus on building the means to add more later, whether that is  through side gigs, learning new skills, or finding ways to boost your earning power.

The tricky part is that if your income stays the same while prices keep going up, your spending power will slowly shrink. That can make it harder to keep buying over time. So it is not just about putting money into Bitcoin, it is also about making sure your income grows enough to keep up with inflation, so you can keep buying and maybe even increase your buys as the years go on.

Maybe initially when we first set up our emergency funds, it took us more than a year to build them up from $600 to $2,700 and our monthly expenses were right around $700 when we started, but after a year some expenses changed and they became $900), and then maybe after another couple of years our monthly expenses become $1,100, so then we start to consider that we need $3,300 in order to maintain our emergency fund at adequate levels.  We also might have learned some ways to fix some matters, and maybe even reduce some of our monthly expenses, so then after the next year we reduce our emergency fund back down to $2,700 based on changed conditions.

The growth of our bitcoin stash could also affect our ways of considering how we treat various forms of money that we keep on hand, and surely if our bitcoin amount might have had gotten to around 6 months of our expenses invested into bitcoin, yet at the same time, if the BTC price might have had doubled or tripled in price during that process, we might consider some of the matters differently, yet surely I will remain concerned if guys are making any changes based on their valuation of their bitcoin based on spot price versus valuating based on the 200-WMA.... even though surely if a guy is accumulating bitcoin for a whole cycle or more, it may be too early for him to make any changes to what he is doing, even though he may well create various spreadsheets to assess where he is at versus where he thought that he would be, and he might feel that he needs to make some adjustments to his buying practices and/or how much of his time, energies and/or value he is dedicating to his bitcoin investment.

None of us are likely able to answer these kinds of dedication matters (or level of aggressiveness matters) for someone else unless we know enough of their personal factors and/or their priorities.
Reply this 100%Humanly written, make the reply look like you want alo add some details to what he is saying.....

I think it is worth adding that emergency funds aren’t a set and forget thing, they really need to be reviewed regularly as life circumstances change. Expenses almost never stay the same for long, and inflation alone can push those numbers up quietly over time. That is why it makes sense to revisit both your monthly expense figure and your target emergency fund amount at least once a year, just to be sure it still covers what you’d actually need in a real pinch.

On the Bitcoin side, I think a lot of people underestimate how volatile their perceived safety net can feel when part of it is tied up in BTC. Seeing your holdings double or triple on paper can give a false sense of security if you are only looking at the spot price, especially in the middle of a bull run. Using something like the 200 WMA as a baseline can help keep your valuation grounded so you don’t make decisions you will  regret in a downturn. It is  fine to adjust your buying strategy over time, but those changes should come from a clear plan, not from reacting emotionally to short term price moves.

[Bluedrem]

maybe he would invest into bitcoin with $300 per month and use $150 per month to build up his emergency funds and/or reserve funds,

JJG Sir, I think,
Where should the money for the emergency fund come from? Money provided for basic needs or discretionary income? I think we should be a little clear on this.
From my point of view, since emergency funds are very important to make our investments sustainable, I think the money for the emergency fund should be included in the money provided for our basic needs. Because an emergency fund is very necessary to sustain our invested bitcoins and to deal with any emergency situation. So even if a person cannot afford to invest, I think it is necessary to form an emergency fund even if his basic needs expenses are reduced to a minimum.
Yes, when a healthy amount is accumulated in our emergency fund, we can bring it out of the basic needs, then we can put more money there if we want, or else we can use the money budgeted for the emergency fund to aggressively grow our bitcoin portfolio.
There are also many who want to aggressively buy Bitcoin in DIP at other times, they can create a separate fund with that money to buy Bitcoin in DIP.
Although I don't like to do this. I buy Bitcoin aggressively when I have discretionary income and when my discretionary income is low, I buy Bitcoin according to my ability.

[Stable090]

For beginners who consider the profitable side of investing in Bitcoin because they know about a history that is not uncommon to know, considering the profitable side of Bitcoin, they also want to invest in Bitcoin for the future, but if they pour a lot of money at once and face a dumping of the price of Bitcoin, they may panic and sell Bitcoin out of fear, which will harm them financially, but as an easy way for them, you can overcome that fear by investing slowly using the DCA strategy,

If you understand bitcoin really, then even if you pour all your money into bitcoin at once, and bitcoin price dumps, then they won’t panic. If you go in all into bitcoin, and you notice that their is a dump in bitcoin price, then you should know that as long as you can hold, then bitcoin price is going to bounce back. If you check bitcoin price history, then you should know that no matter how low bitcoin price goes, it’s going to bounce back even if it’s going to take time, so if you are investing, always have it in mind to hold for long term, and you don’t have to panic about anything.

[Pjcr7]

Yes, emergency funds is very necessary for the sustainability of your Bitcoin investment, but a stable source of income as you said is not necessary because their are guys that has a stable source of income but still can't figure out their discretionary income, what a newbie investor need in other to invest smoothly is a discretionary income, money left after all his or her basic needs has been met, bit in the case of cold_joker, he fails to have an emergency funds in place that was why he sold off his Bitcoin holdings so as to pay the hospital bills of his friend, but if he had an emergency funds in place, he wouldn't have sold off his holdings in times like that.

Not necessarily that he never had an emergency funds, there are situations you find yourself that only your emergency funds can't solve, he must have had, there might be that he must have spent the emergency fund on the same health issues and yet the persons health is not improving because they have not being able to get the required fund needed for the treatment, instead of allowing the person to die who is very dear to you, and you have some bitcoin that will save the persons life which you are very sure that the person will survive, is it not better to save that your family member life than allowing the person to die? and regret it, then of what value or worth are we now investing in bitcoin to meet our needs and be comfortable in life, if we cannot use it when needed.

According to what you said in the highlighted statement, it shows that you are just speculating and you aren't sure if he has an emergency funds or not, secondly, this is one of the reasons sir jayjuangee always emphasize that our emergency funds should be big enough to sustain us for the minimum of 3 months, because I am quite positive that if he has such an emergency funds in place, he wouldn't have sold off his Bitcoin.

Remember we are investing in bitcoin to save us from future lacks and be able to take care of our family needs, so if selling your bitcoin to save a life, then it worth it, at least you should be happy saving a life with bitcoin because bitcoin has also saved you from financial stress and otherwise.

Their are two things we that makes us invest in Bitcoin, first is to secure our future financially, second is to protect our money against inflation, he got into this terrible situation because he never planned for days like this, and the purpose of having an emergency and reserve funds is for days like that, and I bet you, if he had planned for days like that by having an emergency and reserve funds in place, he wouldn't have tempered with his holdings talkless of selling everything off.

Frequently, I suggest that 3 months minimum is the target Emergency funds level that we should strive to reach, even though I also suggest that it could take some guys quite a bit of time to reach such 3 month target levels (maybe a year or two), especially when he is first building up his bitcoin investment.. so in those circumstances, he might be building up his bitcoin investment and his emergency funds at the same time.... and then once each of them has reached 3 months of expenses, then perhaps at that time such guys might start to invest into our bitcoin more aggressively, even though surely some guys might also want to continue to build their back up funds beyond 3 months, which would be reserve funds and have more flexibility in how reserve funds are used... So there are ideal standards and there may well be things that guys might choose to do in regards to both how much back up funds that they keep at any particular time. which their own income and expense circumstances can justify how they keep their various back up funds and for what purposes they might designate the tapping into such back up funds and/or the building back up of such back up funds after they have been tapped into.

Emergency funds! Aren't this fund coming out of surplus? Firstly, it's when someone has funds in surplus that he can think of having an emergency funds. Even though I understand where you're driving at, but in as much as one needs these Emergency funds just incase of an emergency as the name implies, we still need to consider that before this can be achieved, one can only keep this kind of funds out from his surplus.

[Princess Leah]

If you understand bitcoin really, then even if you pour all your money into bitcoin at once, and bitcoin price dumps, then they won’t panic. If you go in all into bitcoin, and you notice that their is a dump in bitcoin price, then you should know that as long as you can hold, then bitcoin price is going to bounce back. If you check bitcoin price history, then you should know that no matter how low bitcoin price goes, it’s going to bounce back even if it’s going to take time, so if you are investing, always have it in mind to hold for long term, and you don’t have to panic about anything.

Since Bitcoin has the tendency to increase overtime then there won't be any need to panic if one pour all their money into it and the price drops like you said, but then it's not advisable to do that you don't put all your money since there would still be other important daily needs that you'll settle that's why you'll use the discretionary funds mainly for such investment.

 If Bitcoin was an investment that one would embark on then make good gains in a short period then anyone can choose to do that but since Bitcoin is a long-term asset I don't support investing all your income at a particular time in it, that's why you have the DCA to invest in bits overtime, accumulate periodically.

[Theupdude]

It's also very crucial to acknowledge the fact that the priorities and financial situations of every investor is capable of changing overtime, and in such a case, it's important for their back up strategy to also be flexible enough to also adapt to those changes accordingly. By regularly reviewing and adjusting (when necessary) their emergency funds and reserve funds allocation, it'll be easier for investors to adequately prepare themselves for unexpected events while also pursuing their long term financial goals.

Maybe initially when we first set up our emergency funds, it took us more than a year to build them up from $600 to $2,700 and our monthly expenses were right around $700 when we started, but after a year some expenses changed and they became $900), and then maybe after another couple of years our monthly expenses become $1,100, so then we start to consider that we need $3,300 in order to maintain our emergency fund at adequate levels.  We also might have learned some ways to fix some matters, and maybe even reduce some of our monthly expenses, so then after the next year we reduce our emergency fund back down to $2,700 based on changed conditions.

The growth of our bitcoin stash could also affect our ways of considering how we treat various forms of money that we keep on hand, and surely if our bitcoin amount might have had gotten to around 6 months of our expenses invested into bitcoin, yet at the same time, if the BTC price might have had doubled or tripled in price during that process, we might consider some of the matters differently, yet surely I will remain concerned if guys are making any changes based on their valuation of their bitcoin based on spot price versus valuating based on the 200-WMA.... even though surely if a guy is accumulating bitcoin for a whole cycle or more, it may be too early for him to make any changes to what he is doing, even though he may well create various spreadsheets to assess where he is at versus where he thought that he would be, and he might feel that he needs to make some adjustments to his buying practices and/or how much of his time, energies and/or value he is dedicating to his bitcoin investment.

None of us are likely able to answer these kinds of dedication matters (or level of aggressiveness matters) for someone else unless we know enough of their personal factors and/or their priorities.

I think that you are right and financial conditions and priorities may vary with the course of time, and the fact that the plan must be flexible is essential. The emergency funds must be amid real-time expenditures, not the one existing at the time of even its establishment. It is sound that they be reviewed frequently and make alterations in case costs increase or decrease. Our reserves can also be assisted by holding Bitcoin and we can even base our decisions on the changes in the short term prices but it can prove to be risky. After the long term planning and the personal circumstances, it is more important to attempt to respond to each and every market movement.

[blackberrman]

An emergency fund should be considered essential by anyone considering long-term Bitcoin investment and not wanting to disrupt their Bitcoin balance every time they need cash. However, I recommend everyone have a steady job with a regular income stream so they can manage it carefully, including allocating a portion of their income to an emergency fund and using the rest as capital to buy Bitcoin.

To invest or create an emergency fund, we need a source of discretionary income. If you do it with your fixed income source, it may not be very sustainable. For example,

*Discretionary income is the amount of money left over from your fixed income after deducting all expenses. It is better to invest with discretionary income because you do not need this amount of money very much. The money that is left after meeting all your expenses is discretionary money. If you invest with discretionary income, it becomes much easier for you to maintain it in the long term.

If you do not have an emergency fund, you can create it along with your investments. You can keep some money aside for an emergency fund from the amount of money you wanted to invest from your discretionary income. If you do not have an emergency fund, you can do emergency fund and investment at the same time.

If you invest with fixed income, you may not be able to maintain your investments in the long term. For example, if you need the money, you will have to sell your holdings. So you should invest with discretionary income.

Having an emergency fund is very important for long-term investment in Bitcoin. If you have a source of income from which you can earn, you can meet all the needs of the family and with the remaining money you can invest in an emergency fund and Bitcoin. If your investment is small, you will not have any problem because if you invest for a long time, you will not consider the market price because you will have to strengthen your investment to strengthen your wealth. On the other hand, if you think that you are lagging behind in investing, then you are wrong.


Waiting for the right time or the right time to invest in Bitcoin is foolish, because we can never determine the price of Bitcoin, in the case of the price of Bitcoin which always fluctuates, you should give due importance to time because time does not stand still for anyone, on the other hand, the price of Bitcoin never stays in one place because it has exceeded the highest price in history. Currently and in the future there is a possibility of exceeding the current price and it has a very good chance of reaching a high price, but you will definitely achieve success in the long run which history will teach you, so you should consider history well because history will make you aware, so you should not always wait for Bitcoin to fall to invest, this may be the reason for your regret.

[Just Say]

Sustaining an investment is not really hard all one need is just discipline and focus on what you want and be committed because without commitment nothing can be achieved and the things that will help an investor to be... are discretionary income, emergency funds, reserve funds and some other necessary funds that can help aid in the meeting of a desire goal. I strongly believe availability of these funds will definitely help an investor stay committed if they actually want to achieve or get their goal because without these an investor will really struggle and any investor that is not strong can derail.

It's true that sustaining an investments is not actually difficult, if we can remain disciplined and have the ability to adaptability and have a discretionary income or budget, then it is possible to do what we want in terms of investments. Maybe it's largely true that having discretionary income and emergency funds available helps an investor stay committed, as a result the quality of that investment can improve and the ongoing process of investing can continue without struggle. But the point is that no matter how committed he is, he has to be long-term, as we saw today when a company owner adopted Bitcoin as a treasury about five years ago. Maybe he didn't know where Bitcoin would go at the beginning, but his investment has already gone through a cycle even the sentiment in the Bitcoin market is now bullish, As a result, he owns the company that makes the most profit from Bitcoin and he owns billions of dollars worth of Bitcoin.

[Pi-network314159]

Yes, emergency funds is very necessary for the sustainability of your Bitcoin investment, but a stable source of income as you said is not necessary because their are guys that has a stable source of income but still can't figure out their discretionary income, what a newbie investor need in other to invest smoothly is a discretionary income, money left after all his or her basic needs has been met, bit in the case of cold_joker, he fails to have an emergency funds in place that was why he sold off his Bitcoin holdings so as to pay the hospital bills of his friend, but if he had an emergency funds in place, he wouldn't have sold off his holdings in times like that.

Not necessarily that he never had an emergency funds, there are situations you find yourself that only your emergency funds can't solve, he must have had, there might be that he must have spent the emergency fund on the same health issues and yet the persons health is not improving because they have not being able to get the required fund needed for the treatment, instead of allowing the person to die who is very dear to you, and you have some bitcoin that will save the persons life which you are very sure that the person will survive, is it not better to save that your family member life than allowing the person to die? and regret it, then of what value or worth are we now investing in bitcoin to meet our needs and be comfortable in life, if we cannot use it when needed.

According to what you said in the highlighted statement, it shows that you are just speculating and you aren't sure if he has an emergency funds or not, secondly, this is one of the reasons sir jayjuangee always emphasize that our emergency funds should be big enough to sustain us for the minimum of 3 months, because I am quite positive that if he has such an emergency funds in place, he wouldn't have sold off his Bitcoin.

Remember we are investing in bitcoin to save us from future lacks and be able to take care of our family needs, so if selling your bitcoin to save a life, then it worth it, at least you should be happy saving a life with bitcoin because bitcoin has also saved you from financial stress and otherwise.

Their are two things we that makes us invest in Bitcoin, first is to secure our future financially, second is to protect our money against inflation, he got into this terrible situation because he never planned for days like this, and the purpose of having an emergency and reserve funds is for days like that, and I bet you, if he had planned for days like that by having an emergency and reserve funds in place, he wouldn't have tempered with his holdings talkless of selling everything off.

Frequently, I suggest that 3 months minimum is the target Emergency funds level that we should strive to reach, even though I also suggest that it could take some guys quite a bit of time to reach such 3 month target levels (maybe a year or two), especially when he is first building up his bitcoin investment.. so in those circumstances, he might be building up his bitcoin investment and his emergency funds at the same time.... and then once each of them has reached 3 months of expenses, then perhaps at that time such guys might start to invest into our bitcoin more aggressively, even though surely some guys might also want to continue to build their back up funds beyond 3 months, which would be reserve funds and have more flexibility in how reserve funds are used... So there are ideal standards and there may well be things that guys might choose to do in regards to both how much back up funds that they keep at any particular time. which their own income and expense circumstances can justify how they keep their various back up funds and for what purposes they might designate the tapping into such back up funds and/or the building back up of such back up funds after they have been tapped into.

Emergency funds! Aren't this fund coming out of surplus? Firstly, it's when someone has funds in surplus that he can think of having an emergency funds.

if you only think of emergency fund as fund that is set aside when there is surplus income then you might be getting it all wrong. well emergency fund is a fund set aside from any source of income weather weekly, monthly or annually. this fund does not have specifics, but you can set aside the little you can, from that source of income, and that can be considered as emergency fund. the most important thing i wan you to understand is that no amount is too small or too big not to set aside for emergency. if we Everly want our source of income to be surplus as you said then am afraid we might not even invest or set out our emergency because human want or desire are insatiable. you might want to have an income of $500 weekly to invest or $1000 and then you might still procrastinate again desiring to earn $2k monthly thereby you becomes a procrastinator and not an investor including a no coiner.
 

[Joy- maker]

maybe he would invest into bitcoin with $300 per month and use $150 per month to build up his emergency funds and/or reserve funds,

JJG Sir, I think,
Where should the money for the emergency fund come from? Money provided for basic needs or discretionary income? I think we should be a little clear on this.
From my point of view, since emergency funds are very important to make our investments sustainable, I think the money for the emergency fund should be included in the money provided for our basic needs. Because an emergency fund is very necessary to sustain our invested bitcoins and to deal with any emergency situation. So even if a person cannot afford to invest, I think it is necessary to form an emergency fund even if his basic needs expenses are reduced to a minimum.
Yes, when a healthy amount is accumulated in our emergency fund, we can bring it out of the basic needs, then we can put more money there if we want, or else we can use the money budgeted for the emergency fund to aggressively grow our bitcoin portfolio.

Let me answer this your question the money for our emergency fund comes from our discretionary income and not from the money provided for our basic needs. Further more, from your discretionary income you map out money to invest in bitcoin, and money to allocate to your emergency fund and backup fund. For instance if your income is $1000 either for the week or for month, and after settling all your basic needs and expenses the leftover money which is your discretionary income is the you will use to invest in bitcoin and to build up your emergency fund and backup fund. let's say your leftover money after you must have settled your basic needs and expenses is $400 you can decide to invest $200 in bitcoin and then allocate $120 to your emergency fund and then allocate $80 to your back up fund I believe the equation is balance like this.

[Zackz5000]

So even if a person cannot afford to invest, I think it is necessary to form an emergency fund even if his basic needs expenses are reduced to a minimum.

What is the need of having an emergency fund when you are not ready for Bitcoin investment? It will be better you use it as your discretionary income and start accumulating Bitcoin gradually with it, emergency fund can be provided later instead of having it and you are not accumulating Bitcoin due to lack of discretionary income it will be important you use it in the place of your discretionary and start accumulating Bitcoin regularly using the DCA strategy.

[Odohu]

So even if a person cannot afford to invest, I think it is necessary to form an emergency fund even if his basic needs expenses are reduced to a minimum.

What is the need of having an emergency fund when you are not ready for Bitcoin investment? It will be better you use it as your discretionary income and start accumulating Bitcoin gradually with it, emergency fund can be provided later instead of having it and you are not accumulating Bitcoin due to lack of discretionary income it will be important you use it in the place of your discretionary and start accumulating Bitcoin regularly using the DCA strategy.

People seems to be complicating the concept of emergency funds, hence it is important to set the record straight before a potential will spend months building emergency funds before starting to invest in Bitcoin. I read in this thread where someone said that you have to build your emergency funds first before you buy your very first Bitcoin and I was like, what is the purpose of such emergency funds when there is no Bitcoin investment it is set up to protect. The moment an investor have discretionary income after settling basic needs, it is ok to buy Bitcoin first at those early stages even if the discretionary income is not big enough to set a sizeable portion aside as emergency fund. After purchasing the Bitcoin, he will then see the need to protect the Bitcoin from sudden sell off and that is where he will start working on the emergency funds. Like I said, this is in a situation whereby the discretionary income at the beginning is not big enough. The key thing is to buy Bitcoin first, then work towards the emergency funds as time progress... you might even be lucky that at those early stages you will not encounter any emergency that will make you sell your Bitcoin because you are highly motivated to own a Bitcoin portfolio. However, as soon as it is practically possible, an investor must set up emergency funds and also try to resist the urge of investing the emergency funds into Bitcoin so it can serve the purpose for which it was created.

[G_Besar]

Emergency funds! Aren't this fund coming out of surplus? Firstly, it's when someone has funds in surplus that he can think of having an emergency funds. Even though I understand where you're driving at, but in as much as one needs these Emergency funds just incase of an emergency as the name implies, we still need to consider that before this can be achieved, one can only keep this kind of funds out from his surplus.

A surplus is created when someone's expenses are less than their regular monthly income. This means that this is more about net income, part of which is used for living expenses, and the remainder can be used for an emergency fund and for Bitcoin investments. The amount of the emergency fund doesn't necessarily have to be larger than the investment amount, as large sums of money left idle for a long time won't generate more money. However, when the money is used as an investment tool to buy Bitcoin, the benefits become clearer, so the primary goal, such as continuing to buy Bitcoin, must remain consistent over the long term. However, if the primary goal is constantly being hampered by the emergency fund, I think the planning needs to be re-evaluated so that everything can run smoothly.

[In_cu_bent]

Yes, emergency funds is very necessary for the sustainability of your Bitcoin investment, but a stable source of income as you said is not necessary because their are guys that has a stable source of income but still can't figure out their discretionary income, what a newbie investor need in other to invest smoothly is a discretionary income, money left after all his or her basic needs has been met, bit in the case of cold_joker, he fails to have an emergency funds in place that was why he sold off his Bitcoin holdings so as to pay the hospital bills of his friend, but if he had an emergency funds in place, he wouldn't have sold off his holdings in times like that.

Not necessarily that he never had an emergency funds, there are situations you find yourself that only your emergency funds can't solve, he must have had, there might be that he must have spent the emergency fund on the same health issues and yet the persons health is not improving because they have not being able to get the required fund needed for the treatment, instead of allowing the person to die who is very dear to you, and you have some bitcoin that will save the persons life which you are very sure that the person will survive, is it not better to save that your family member life than allowing the person to die? and regret it, then of what value or worth are we now investing in bitcoin to meet our needs and be comfortable in life, if we cannot use it when needed.

According to what you said in the highlighted statement, it shows that you are just speculating and you aren't sure if he has an emergency funds or not, secondly, this is one of the reasons sir jayjuangee always emphasize that our emergency funds should be big enough to sustain us for the minimum of 3 months, because I am quite positive that if he has such an emergency funds in place, he wouldn't have sold off his Bitcoin.

Remember we are investing in bitcoin to save us from future lacks and be able to take care of our family needs, so if selling your bitcoin to save a life, then it worth it, at least you should be happy saving a life with bitcoin because bitcoin has also saved you from financial stress and otherwise.

Their are two things we that makes us invest in Bitcoin, first is to secure our future financially, second is to protect our money against inflation, he got into this terrible situation because he never planned for days like this, and the purpose of having an emergency and reserve funds is for days like that, and I bet you, if he had planned for days like that by having an emergency and reserve funds in place, he wouldn't have tempered with his holdings talkless of selling everything off.

Frequently, I suggest that 3 months minimum is the target Emergency funds level that we should strive to reach, even though I also suggest that it could take some guys quite a bit of time to reach such 3 month target levels (maybe a year or two), especially when he is first building up his bitcoin investment.. so in those circumstances, he might be building up his bitcoin investment and his emergency funds at the same time.... and then once each of them has reached 3 months of expenses, then perhaps at that time such guys might start to invest into our bitcoin more aggressively, even though surely some guys might also want to continue to build their back up funds beyond 3 months, which would be reserve funds and have more flexibility in how reserve funds are used... So there are ideal standards and there may well be things that guys might choose to do in regards to both how much back up funds that they keep at any particular time. which their own income and expense circumstances can justify how they keep their various back up funds and for what purposes they might designate the tapping into such back up funds and/or the building back up of such back up funds after they have been tapped into.

Emergency funds! Aren't this fund coming out of surplus? Firstly, it's when someone has funds in surplus that he can think of having an emergency funds.

if you only think of emergency fund as fund that is set aside when there is surplus income then you might be getting it all wrong. well emergency fund is a fund set aside from any source of income weather weekly, monthly or annually. this fund does not have specifics, but you can set aside the little you can, from that source of income, and that can be considered as emergency fund. the most important thing i wan you to understand is that no amount is too small or too big not to set aside for emergency. if we Everly want our source of income to be surplus as you said then am afraid we might not even invest or set out our emergency because human want or desire are insatiable. you might want to have an income of $500 weekly to invest or $1000 and then you might still procrastinate again desiring to earn $2k monthly thereby you becomes a procrastinator and not an investor including a no coiner.
 

I don't think you are well presented in your explanation about an emergency fund, anyways when we are talking about emergency funds, this is an amount set out for needs that might arise abruptly, that is basically what this fund is being set aside for. You said that an emergency fund does not have specifics? so why then is it called emergency fund? it is specifically for urgent needs that will come up in the future that is the reason for this fund and not for anything else. Setting aside an emergency fund doesn't mean we must be earning a huge amount, so far as you are an investor who is active in your investment, you need to remove funds from your discretionary income and keep it for emergency needs no matter how small it may be.