Buy the DIP, and HODL!

[ejikeme24]

I doubt that you are making any meaningful and/or important point OrbitalX - since the ways that guys use either term would depend upon the context inht which he is using such term... so at first there were guys who were seeming to proclaim that guys should not be investing into bitcoin unless they have a steady income (which they might have had referred to as a source of income or source income.. either way).

Something else to ponder here, I don’t necessarily agree with you can’t invest in bitcoin if you have no income source.

You seems to get him wrongly, he never said that we can't Invest into bitcoin if we don't have income source. Rather, he was referring to those guys who think that having a stable source of income is a must before a guy will think of getting started. Perhaps, even if maybe he said that a guy who does not have no income source as you said should not Invest into bitcoin, I would say that he's right because having no income source means that a guy does not have any means of getting money accept the one they give as charity it could be from our relatives or our love ones as the case may be, so you don't expect this set of people to be investing into bitcoin when they're supposed to use the money to get thier basic needs, but this isn't what he meant.

[SilverCryptoBullet]

You seems to get him wrongly, he never said that we can't Invest into bitcoin if we don't have income source. Rather, he was referring to those guys who think that having a stable source of income is a must before a guy will think of getting started. Perhaps, even if maybe he said that a guy who does not have no income source as you said should not Invest into bitcoin, I would say that he's right because having no income source means that a guy does not have any means of getting money accept the one they give as charity it could be from our relatives or our love ones as the case may be, so you don't expect this set of people to be investing into bitcoin when they're supposed to use the money to get thier basic needs, but this isn't what he meant.

You can not or should never use all your income for investment that is risky and investment can bring loss, not profit. So if you use all money for investment, you can lose very big if your investment portfolio goes wrong. It's clearly to realize while there is another thing that is not aware by many investors. If they don't manage finance well such as using all income for investment, they will soon have to use part of their bitcoin for spendings.

This is very terrible practice and experience if you used $1,000 to purchase bitcoin and months later you have to sell it for $500 when Bitcoin corrected 50%. This scenario can be possible in a bear market and if any investor does not have well plan for their finance in bear market, they will sell with loss.

[JayJuanGee]

I doubt that you are making any meaningful and/or important point OrbitalX - since the ways that guys use either term would depend upon the context inht which he is using such term... so at first there were guys who were seeming to proclaim that guys should not be investing into bitcoin unless they have a steady income (which they might have had referred to as a source of income or source income.. either way).

Something else to ponder here, I don’t necessarily agree with you can’t invest in bitcoin if you have no income source. When you consider your emergency funds include your dca amount as per the term; 3,6,9,12,18 etc months of funding/living. Technically you don’t have an income but you planned for the worst and can continue to DCA too with the emergency funds include kicking in, in your time of need.

We can use the terms

Back up funds

reserve funds

emergency funds

and these communicate similar ideas, yet at the same time, I like to consider that the concept of emergency funds likely means that we can ONLY be using that money for actual living (perhaps only the basics/essentials?) expenses, so by the time we deplete all of our funds (such as back up funds and/or reserve funds) and all that we have remaining is emergency funds, then we are likely in a pretty bad situation since all that we have left is our emergency funds and then bitcoin.. and if we have no foresight of income coming in in the future, then our situation is even worse..  Surely, sometimes we might do work and we know that we have a check coming on Friday.. or within 4 days.. or some level of certainty, yet until that money is in the bank, we likely should be treating the actual receipt of that money somewhat tangentially as a probability rather than as a certainty...  Once the funds are in our bank, then we might have more confidence that the bank is not going to lock our account..

But anyhow, if we have abilities to live off of our emergency funds beyond 3 months, then likely those excessive funds are not really emergency funds, they are more like reserve funds and/or back up funds and can be used for purposes other than emergencies (and/or beyond using them for just basic living expenses). There tends to be more flexibility in regards to how we use funds that are beyond our emergency funds, so we may well have a lot of flexibility in those funds, and probably we should not be referring to funds that go beyond emergency funds, and perhaps that might be why we might refer to the excessive funds (beyond emergency funds) as reserve funds or other kinds of back up funds.. not emergency funds.. .. since we might even confuse ourselves if we fail/refuse to distinguish between the kinds of back up funds that we might have.. and what kinds of purposes that such back up funds might be used and if matters get so dire, then we may well need to constrain ourselves.. for our own good.

At some point in time when we are depleting so many of our various back up funds and/or reserve funds, then all that we end up having remaining is our emergency funds, and at some point, we cannot buy bitcoin anymore with those funds.. since we hardly have any money left and we are down to the bare morsels and we will run out of whatever we have soon..  

I tend to think that once we get to our emergency funds, our status/situation is devolving so badly that it is possible that we are going to end up having to start to sell from our bitcoin since our emergency funds are getting close to running out.. so it does not seem to make any sense by the time we get down to only having emergency funds to continue buying bitcoin with our soon to be depleted funds.. especially if we have a lot of uncertainty regarding the timing or the amount of our next incoming funds...

It seems to me that getting down to a point of having to dip into emergency funds indicates that our situation has gotten to a pretty bad (and perhaps even bordering on desperate?) place.

If anyone is counting reserve funds and other back up funds as emergency funds, then surely they have more flexibility with those funds that are not the emergency funds... since from my own thinking getting into dipping into emergency funds is an indication of a pretty dire place that none of us should want to be... and we should be attempting to engage in cashflow management and/or investing practices to avoid getting there. and surely not putting ourselves into such a place due to sloppiness and/or recklessness.

[edited out]

However, I agree with what you said about emergency funds, before investing a lot in Bitcoin, it is wise to first save money for emergencies. So if something happens, you won't have to sell your Bitcoin at the wrong time. You will already have money to deal with the problems. Aside from having a steady source of income, it's important to plan for the future, understand your financial condition, and only spend money you don't need right now. Even if you do not buy Bitcoin every week, we can still grow little by little.

You will not find me saying that there is a need to establish emergency funds before starting to invest in bitcoin, and I think that the building of an emergency fund and the building of a bitcoin investment can happen at the same time.

Sure it may well be true that the more bitcoin that we have, then the more that we might want to make sure that we have some kind of an emergency fund, and perhaps many of us would not want our bitcoin to be serving as our emergency fund.. .. so yeah, of course, we have to assess where we are at, and if we have absolutely no back up funds (that could constitute as an emergency fund) and we have absolutely no bitcoin investment, it may well be the case that we can figure out how to work on developing both at the same time rather than deferring our getting started investing in bitcoin.

Of course, if a person is having difficulties figuring out if he has discretionary income or not, then he has to figure that part out first, since if a guy's finances are in such a bad place that he does not have discretionary income, then he needs to have discretionary income before he is even able to invest into bitcoin, since bitcoin is a 4-10 years or longer commitment, so if someone is NOT able to commit money to bitcoin for 4-10 years or longer, then he may well be planning on trading (or gambling) in his bitcoin rather than investing, and I don't recommend trading/gambling with bitcoin, especially for poor people.

[sotelorene]

You seems to get him wrongly, he never said that we can't Invest into bitcoin if we don't have income source. Rather, he was referring to those guys who think that having a stable source of income is a must before a guy will think of getting started. Perhaps, even if maybe he said that a guy who does not have no income source as you said should not Invest into bitcoin, I would say that he's right because having no income source means that a guy does not have any means of getting money accept the one they give as charity it could be from our relatives or our love ones as the case may be, so you don't expect this set of people to be investing into bitcoin when they're supposed to use the money to get thier basic needs, but this isn't what he meant.

You can not or should never use all your income for investment that is risky and investment can bring loss, not profit. So if you use all money for investment, you can lose very big if your investment portfolio goes wrong. It's clearly to realize while there is another thing that is not aware by many investors. If they don't manage finance well such as using all income for investment, they will soon have to use part of their bitcoin for spendings.

This is very terrible practice and experience if you used $1,000 to purchase bitcoin and months later you have to sell it for $500 when Bitcoin corrected 50%. This scenario can be possible in a bear market and if any investor does not have well plan for their finance in bear market, they will sell with loss.

First of all anyone who uses all his or her income to invest can be as a result of lack of Bitcoin investment knowledge or a greedy trader who wants to make a huge profit if the market appreciate immediately after there purchase which is very ideal because in the actual sense it is not really possible to see such and anyone who decides to be greedy will learn from the market in the hard way and anyone who invested because of lack of knowledge or understanding will also learn from there ignorant.

[Sticky Bomb]

At some point in time when we are depleting so many of our various back up funds and/or reserve funds, then all that we end up having remaining is our emergency funds, and at some point, we cannot buy bitcoin anymore with those funds.. since we hardly have any money left and we are down to the bare morsels and we will run out of whatever we have soon..  

I tend to think that once we get to our emergency funds, our status/situation is devolving so badly that it is possible that we are going to end up having to start to sell from our bitcoin since our emergency funds are getting close to running out.. so it does not seem to make any sense by the time we get down to only having emergency funds to continue buying bitcoin with our soon to be depleted funds.. especially if we have a lot of uncertainty regarding the timing or the amount of our next incoming funds...

I also think that the duration at which you build your emergency funds particularly to sustain your expenses should also depend on the worst case scenario of income arrival fluctuations. I have had a situation whereby my salary was delayed for four months at my place of work(due to some leadership transition issues, but it was eventually paid), so I made it a point of duty to build my emergency funds up to 6 months of my expenses to create a tolerance for the scenario I experienced earlier and in a bid not to ever touch my portfolio in such cases and beyond that to give me more tolerance to get hooked up with another source of income if my previous source gets cut off without prior information.

I think for me 6 months is a very good timeframe to fix my finances in case of anything unpleasant happens as against just 3 months, reason I built my emergency funds to my comfort timing.

[DubemIfedigbo001]

I doubt that you are making any meaningful and/or important point OrbitalX - since the ways that guys use either term would depend upon the context inht which he is using such term... so at first there were guys who were seeming to proclaim that guys should not be investing into bitcoin unless they have a steady income (which they might have had referred to as a source of income or source income.. either way).

Something else to ponder here, I don’t necessarily agree with you can’t invest in bitcoin if you have no income source. When you consider your emergency funds include your dca amount as per the term; 3,6,9,12,18 etc months of funding/living. Technically you don’t have an income but you planned for the worst and can continue to DCA too with the emergency funds include kicking in, in your time of need.

While I am finding it difficult to understand this statement I bolded out, and I would point out straight up that if you do not have an income source_{not necessarily a steady one}, then you may not be able to have discretionary income since funds are not coming in from anywhere and you do not have hope of any.

If you have been having income and it has been cut off momentarily and you have expended all your variances of reserve funds, leaving only your emergency funds, then it surely makes no sense to buy bitcoin from your emergency funds since you are in the red zone of your finances. More focus should be on fixing your finances possibly before your emergency funds gets depleted and you turn to your holdings for survival. if you continue buying with your emergency fund and it gets drained when you have not fixed your income, at that point even the acquisition you made with your emergency funds might be retrieved at a loss if bitcoin goes into a negative correction at your point of selling.

[Pandorak]

Financial stability to meet the needs of life also cannot be ignored so we must fulfill these important things first so as not to interfere with the investment we make, I once found someone quitting his investment just because of the reason to meet the needs of life and that is a big mistake that makes us fail in investing so indeed when the needs in life have been met then we will be able to invest safely and also in the long term according to our wishes.

This is the main reason why when starting an investment you should use your available discretionary funds, as not everyone has a stable income. If you don't have an income that can be used for investing and you decide to buy Bitcoin, then you are most likely gambling because you are actually using money for living necessities to invest.

And it's important to understand that when investing in Bitcoin, it's important to build an emergency fund, so that when you're in an emergency situation, you can use the funds. Instead of selling the Bitcoin you've accumulated over the years, it will all go to waste when you do that.

[JayJuanGee]

At some point in time when we are depleting so many of our various back up funds and/or reserve funds, then all that we end up having remaining is our emergency funds, and at some point, we cannot buy bitcoin anymore with those funds.. since we hardly have any money left and we are down to the bare morsels and we will run out of whatever we have soon..  

I tend to think that once we get to our emergency funds, our status/situation is devolving so badly that it is possible that we are going to end up having to start to sell from our bitcoin since our emergency funds are getting close to running out.. so it does not seem to make any sense by the time we get down to only having emergency funds to continue buying bitcoin with our soon to be depleted funds.. especially if we have a lot of uncertainty regarding the timing or the amount of our next incoming funds...

I also think that the duration at which you build your emergency funds particularly to sustain your expenses should also depend on the worst case scenario of income arrival fluctuations. I have had a situation whereby my salary was delayed for four months at my place of work(due to some leadership transition issues, but it was eventually paid), so I made it a point of duty to build my emergency funds up to 6 months of my expenses to create a tolerance for the scenario I experienced earlier and in a bid not to ever touch my portfolio in such cases and beyond that to give me more tolerance to get hooked up with another source of income if my previous source gets cut off without prior information.

I think for me 6 months is a very good timeframe to fix my finances in case of anything unpleasant happens as against just 3 months, reason I built my emergency funds to my comfort timing.

Many times, people attempt to imagine a variety of events that could happen, and sure some events are more likely than others, and so if you have actually experienced having your income cut off for 4 months, that becomes a very material event and perhaps even having decently good chances of happening again... so yeah, of course continugency plans need to be figured out when the negative event becomes more likely, and it might not even be considered an emergency if you know that it has high chances that it is going to happen, you just have to hold funds for that in your reserves.

I would not know the solution, especially since each of us has to try to figure out how to deal with our own cashflow management situations and to figure out how to assign likelihood and/or how we might prepare in the event such an occurrence might take place.  Like you mentioned, we might try to find some kind of a back up income source or we may even decide that we do not want to have a relationship with an employer who had previously put us into such a problematic cashflow situation.  I understand that there could be situations in which the pay from a certain employer is so good that it is generally acceptable to have some negative attributes that might include from time to time, delays in getting paid.  In other words, we might decide to stay in a situation that has uncertainties in regards to timeliness in pay when the pay is generally better than other opportunities that we have available.

[Cryptohygenic]

It's shitcoinery, and like you, everyone should treat THAT as a form of "entertainment". That's the main purpose, but if you "win", then that's merely the side-dish. The main-course is merely the entertainment you get from participating.

Plebs should be careful though, and never use more than 1% of your total Bitcoin, and if you think 1% of your total Bitcoin is "too small", then don't gamble. HODL.

If anyone would prefer to get the entertainment as you called it, gambling should only be done if you have at least 90% plus of your investment in bitcoin already and you have a less than 10% to gamble with, since it's a matter of luck, you're probably going to loss but if luck on your side you win in anyway you can use to reinvest in bitcoin.

That it's considered wise a bit but yet shitcoins is shitty, so holding or investing in it is the worst thing anyone can do. instead take you're game up and stake up more bitcoin.

The market is flooded with rug pull and sketchy. Investment on them click be highily risky and investors I have know who invested in the shitcoins always end up regretting it. Not because they lost the game but because they invested whole heartedly believing it was going to  reliable like bitcoin but due to their greeds and they considers their trusts on hyping than than the realistic potentials.

If only Investors especially beginners would think twice on the diversify of their investment, after primarily invested on bitcoin any other coin should be treated a skeptic not worth investing much because the drain could downpour even at the sunset.
Not reliability of investing in the digital assets like bitcoin and if you are not contended with your holding, hodling gives you the opportunity to the peak you desires.

[IjawMan]

A person does not need a large source of income to invest. A person can start investing only if they have a reasonable income. Because it is very important to keep your investment consistent because if your investment is not consistent then you can fall far behind the goal of building your portfolio.

You may not require to have a large source of income to start investing but it's necessary and a plus if you can have such a large sources of income as an investor in bitcoin or any asset. It will help you to invest comfortably build a much bigger portfolio without having to withdraw your bitcoin investment prematurely due to extra responsibilities that your small income can't carry. Because it's not sufficient to make room for emergency funds without having to short live your investment due to emergency.

The amount of your investment will depend on your income, for example, if you are earning a good amount of money at the end of the month, then you will have the courage to invest a relatively large amount of money consistently, but those who earn relatively little money will have to invest the amount of money that is left after calculating everything. Who invested what amount of money in Bitcoin, these things are actually not a big fact, it is the efforts of the investors and how much they are trying to invest from their respective positions. If a low-income person invests 20 to 30 dollars every month and if he continues to invest this investment seriously for a few more years, then at the end of a certain period of time, his investment amount will be a lot. Thinking like this, everyone will probably think positively about investing in Bitcoin.

Financial stability to meet the needs of life also cannot be ignored so we must fulfill these important things first so as not to interfere with the investment we make, I once found someone quitting his investment just because of the reason to meet the needs of life and that is a big mistake that makes us fail in investing so indeed when the needs in life have been met then we will be able to invest safely and also in the long term according to our wishes.

Investing can be quite an expensive journey to embark on but its path if we persevere is rewarding with the right asset such like bitcoin. You don't have to be investing with relatively large money because you have a fat pay cheque. For instance, you're earning $500 monthly, you can be investing with $30 monthly, and be saving $20 as your emergency funds. This leaves you with $450 that you wouldn't have to worry much with what Jas been subtracted in meeting your needs.

An overly DCAing because you earn relatively so much can be a boomerang if you're having no savings aside for unpredictable circumstances that can be analogized as emergency.

[EluguHcman]

A person does not need a large source of income to invest. A person can start investing only if they have a reasonable income. Because it is very important to keep your investment consistent because if your investment is not consistent then you can fall far behind the goal of building your portfolio.

You may not require to have a large source of income to start investing but it's necessary and a plus if you can have such a large sources of income as an investor in bitcoin or any asset. It will help you to invest comfortably build a much bigger portfolio without having to withdraw your bitcoin investment prematurely due to extra responsibilities that your small income can't carry. Because it's not sufficient to make room for emergency funds without having to short live your investment due to emergency.

The amount of your investment will depend on your income, for example, if you are earning a good amount of money at the end of the month, then you will have the courage to invest a relatively large amount of money consistently, but those who earn relatively little money will have to invest the amount of money that is left after calculating everything. Who invested what amount of money in Bitcoin, these things are actually not a big fact, it is the efforts of the investors and how much they are trying to invest from their respective positions. If a low-income person invests 20 to 30 dollars every month and if he continues to invest this investment seriously for a few more years, then at the end of a certain period of time, his investment amount will be a lot. Thinking like this, everyone will probably think positively about investing in Bitcoin.

Financial stability to meet the needs of life also cannot be ignored so we must fulfill these important things first so as not to interfere with the investment we make, I once found someone quitting his investment just because of the reason to meet the needs of life and that is a big mistake that makes us fail in investing so indeed when the needs in life have been met then we will be able to invest safely and also in the long term according to our wishes.

Investing can be quite an expensive journey to embark on but its path if we persevere is rewarding with the right asset such like bitcoin. You don't have to be investing with relatively large money because you have a fat pay cheque. For instance, you're earning $500 monthly, you can be investing with $30 monthly, and be saving $20 as your emergency funds. This leaves you with $450 that you wouldn't have to worry much with what Jas been subtracted in meeting your needs.

An overly DCAing because you earn relatively so much can be a boomerang if you're having no savings aside for unpredictable circumstances that can be analogized as emergency.

The weight of your income may determine your investment portfolio such as diversification, consistent buying and also the values of your regular or irregular purchases.
But while we have to agree that we don't need to be contented with our Incomes before we can invest, we can of course make out plans to invest with the minimum we can afford.

Investing on bitcoin does not mean you are investing for the blockchain community, it is for your own good in the future.
So don't feel you are taking the risk for public sake.
Perhaps you can cut your expenditures of only that what it takes to secure your future because your growing assets is where you lean your own your retirement.

So you can always feel that dispersant now to feel the pleases at the end of the tunnel when you don't have much time and much energy to further chasing the pay where it was supposed to be your relaxation she range.

[Gost ms]

A person does not need a large source of income to invest. A person can start investing only if they have a reasonable income. Because it is very important to keep your investment consistent because if your investment is not consistent then you can fall far behind the goal of building your portfolio.

You may not require to have a large source of income to start investing but it's necessary and a plus if you can have such a large sources of income as an investor in bitcoin or any asset. It will help you to invest comfortably build a much bigger portfolio without having to withdraw your bitcoin investment prematurely due to extra responsibilities that your small income can't carry. Because it's not sufficient to make room for emergency funds without having to short live your investment due to emergency.

The amount of your investment will depend on your income, for example, if you are earning a good amount of money at the end of the month, then you will have the courage to invest a relatively large amount of money consistently, but those who earn relatively little money will have to invest the amount of money that is left after calculating everything. Who invested what amount of money in Bitcoin, these things are actually not a big fact, it is the efforts of the investors and how much they are trying to invest from their respective positions. If a low-income person invests 20 to 30 dollars every month and if he continues to invest this investment seriously for a few more years, then at the end of a certain period of time, his investment amount will be a lot. Thinking like this, everyone will probably think positively about investing in Bitcoin.

Financial stability to meet the needs of life also cannot be ignored so we must fulfill these important things first so as not to interfere with the investment we make, I once found someone quitting his investment just because of the reason to meet the needs of life and that is a big mistake that makes us fail in investing so indeed when the needs in life have been met then we will be able to invest safely and also in the long term according to our wishes.

Investing can be quite an expensive journey to embark on but its path if we persevere is rewarding with the right asset such like bitcoin. You don't have to be investing with relatively large money because you have a fat pay cheque. For instance, you're earning $500 monthly, you can be investing with $30 monthly, and be saving $20 as your emergency funds. This leaves you with $450 that you wouldn't have to worry much with what Jas been subtracted in meeting your needs.

An overly DCAing because you earn relatively so much can be a boomerang if you're having no savings aside for unpredictable circumstances that can be analogized as emergency.

Investing in Bitcoin is never expensive. Because it is an investment from which you are investing to earn money. If the price of Bitcoin increases after a few days after you invest now, you will be profitable. But investing is long-term, such as 8 to 10 years. A new person who thinks that investing in Bitcoin is expensive is really stupid. As time goes by and the demand for Bitcoin increases, the price of Bitcoin is increasing. I think Bitcoin is still in its early stages. Because about 1% of the world's people invest in Bitcoin and therefore the price of Bitcoin is above $ 108 thousand. When 10% of the world's people or 20% of the people invest in Bitcoin, how much can the price of Bitcoin increase. If you think Bitcoin is expensive and do not invest now, you can regret it later.

A person does not need much to start investing. A discretionary income, faith in Bitcoin and basic knowledge about Bitcoin. If you are initially scared to start investing, you can start investing with a very small amount of money and when you can overcome your fear, you can increase the investment level if you want.

[JayJuanGee]

A person does not need a large source of income to invest. A person can start investing only if they have a reasonable income. Because it is very important to keep your investment consistent because if your investment is not consistent then you can fall far behind the goal of building your portfolio.

You may not require to have a large source of income to start investing but it's necessary and a plus if you can have such a large sources of income as an investor in bitcoin or any asset. It will help you to invest comfortably build a much bigger portfolio without having to withdraw your bitcoin investment prematurely due to extra responsibilities that your small income can't carry. Because it's not sufficient to make room for emergency funds without having to short live your investment due to emergency.

The amount of your investment will depend on your income, for example, if you are earning a good amount of money at the end of the month, then you will have the courage to invest a relatively large amount of money consistently, but those who earn relatively little money will have to invest the amount of money that is left after calculating everything. Who invested what amount of money in Bitcoin, these things are actually not a big fact, it is the efforts of the investors and how much they are trying to invest from their respective positions. If a low-income person invests 20 to 30 dollars every month and if he continues to invest this investment seriously for a few more years, then at the end of a certain period of time, his investment amount will be a lot. Thinking like this, everyone will probably think positively about investing in Bitcoin.

Financial stability to meet the needs of life also cannot be ignored so we must fulfill these important things first so as not to interfere with the investment we make, I once found someone quitting his investment just because of the reason to meet the needs of life and that is a big mistake that makes us fail in investing so indeed when the needs in life have been met then we will be able to invest safely and also in the long term according to our wishes.

Investing can be quite an expensive journey to embark on but its path if we persevere is rewarding with the right asset such like bitcoin. You don't have to be investing with relatively large money because you have a fat pay cheque. For instance, you're earning $500 monthly, you can be investing with $30 monthly, and be saving $20 as your emergency funds. This leaves you with $450 that you wouldn't have to worry much with what Jas been subtracted in meeting your needs.

An overly DCAing because you earn relatively so much can be a boomerang if you're having no savings aside for unpredictable circumstances that can be analogized as emergency.

The better way of managing your money is to subtract your basic expenses first rather than subtracting the bitcoin investment and emergency funds first..

Your discretionary income is the amount of money that you have left after accounting for basic and/or essential expenses... You use your discretionary income to invest in bitcoin and/or to build your emergency funds or any other back up funds.  You also use your discretionary income for other non-essential expenses that you might have or choose to have.

[edited out]

The weight of your income may determine your investment portfolio such as diversification, consistent buying and also the values of your regular or irregular purchases.

There is no need to diversify for the sake of diversifying, and many times investors can spend many years investing without necessarily diversifying until they might later start to feel overweighted in one investment, such as bitcoin... So a person could just start out investing in bitcoin and also to get his cashflow management systems and practices in place that might involve keeping cash and back up funds.. and it could take several years to just build up the bitcoin investment and back up funds to be 3 months or more of your expenses.

[Tungbulu]

At some point in time when we are depleting so many of our various back up funds and/or reserve funds, then all that we end up having remaining is our emergency funds, and at some point, we cannot buy bitcoin anymore with those funds.. since we hardly have any money left and we are down to the bare morsels and we will run out of whatever we have soon..  

I tend to think that once we get to our emergency funds, our status/situation is devolving so badly that it is possible that we are going to end up having to start to sell from our bitcoin since our emergency funds are getting close to running out.. so it does not seem to make any sense by the time we get down to only having emergency funds to continue buying bitcoin with our soon to be depleted funds.. especially if we have a lot of uncertainty regarding the timing or the amount of our next incoming funds...

I also think that the duration at which you build your emergency funds particularly to sustain your expenses should also depend on the worst case scenario of income arrival fluctuations. I have had a situation whereby my salary was delayed for four months at my place of work(due to some leadership transition issues, but it was eventually paid), so I made it a point of duty to build my emergency funds up to 6 months of my expenses to create a tolerance for the scenario I experienced earlier and in a bid not to ever touch my portfolio in such cases and beyond that to give me more tolerance to get hooked up with another source of income if my previous source gets cut off without prior information.

I think for me 6 months is a very good timeframe to fix my finances in case of anything unpleasant happens as against just 3 months, reason I built my emergency funds to my comfort timing.

Many times, people attempt to imagine a variety of events that could happen, and sure some events are more likely than others, and so if you have actually experienced having your income cut off for 4 months, that becomes a very material event and perhaps even having decently good chances of happening again... so yeah, of course continugency plans need to be figured out when the negative event becomes more likely, and it might not even be considered an emergency if you know that it has high chances that it is going to happen, you just have to hold funds for that in your reserves.

I would not know the solution, especially since each of us has to try to figure out how to deal with our own cashflow management situations and to figure out how to assign likelihood and/or how we might prepare in the event such an occurrence might take place.  Like you mentioned, we might try to find some kind of a back up income source or we may even decide that we do not want to have a relationship with an employer who had previously put us into such a problematic cashflow situation.  I understand that there could be situations in which the pay from a certain employer is so good that it is generally acceptable to have some negative attributes that might include from time to time, delays in getting paid.  In other words, we might decide to stay in a situation that has uncertainties in regards to timeliness in pay when the pay is generally better than other opportunities that we have available.

I've come to understand that the way people perceive and also prepare for potential disruptions in their finances could be mostly determined by their personal experiences. Those who have encountered a few significant income cutoff in the past would naturally tend to be more vigilant and more proactive so as to potentially avoid such scenarios from repeating again in the future.

You've made quite a valid point about the importance of contingency planning, building and setting up solid emergency funds and diversifying one's income streams. It's also very crucial to always assess and weigh the potential of such an event to occur again and then try to adjust our strategies accordingly.
I completely concur with your thoughts on weighing the cons and pros of deciding to stay in a situation with uncertainties, just like delayed payments, against the benefits of a much better pay. This is a very delicate balance that should be critically and carefully put into adequate consideration of individual's unique circumstances, their risk tolerance level as well as their overall financial goals.

A proper financial management is key and through effective financial management and by taking a well thought out and strategic approach towards managing our finances, we stand a much better chance of better navigate potential financial uncertainties as well as to build resilience in our finances. And you've done well to emphasize with your approach on bike to achieve this by being proactive, adaptable and always staying informed.

[Jostern]

A person does not need a large source of income to invest. A person can start investing only if they have a reasonable income. Because it is very important to keep your investment consistent because if your investment is not consistent then you can fall far behind the goal of building your portfolio.

You may not require to have a large source of income to start investing but it's necessary and a plus if you can have such a large sources of income as an investor in bitcoin or any asset. It will help you to invest comfortably build a much bigger portfolio without having to withdraw your bitcoin investment prematurely due to extra responsibilities that your small income can't carry. Because it's not sufficient to make room for emergency funds without having to short live your investment due to emergency.

The amount of your investment will depend on your income, for example, if you are earning a good amount of money at the end of the month, then you will have the courage to invest a relatively large amount of money consistently, but those who earn relatively little money will have to invest the amount of money that is left after calculating everything. Who invested what amount of money in Bitcoin, these things are actually not a big fact, it is the efforts of the investors and how much they are trying to invest from their respective positions. If a low-income person invests 20 to 30 dollars every month and if he continues to invest this investment seriously for a few more years, then at the end of a certain period of time, his investment amount will be a lot. Thinking like this, everyone will probably think positively about investing in Bitcoin.

Financial stability to meet the needs of life also cannot be ignored so we must fulfill these important things first so as not to interfere with the investment we make, I once found someone quitting his investment just because of the reason to meet the needs of life and that is a big mistake that makes us fail in investing so indeed when the needs in life have been met then we will be able to invest safely and also in the long term according to our wishes.

Investing can be quite an expensive journey to embark on but its path if we persevere is rewarding with the right asset such like bitcoin. You don't have to be investing with relatively large money because you have a fat pay cheque. For instance, you're earning $500 monthly, you can be investing with $30 monthly, and be saving $20 as your emergency funds. This leaves you with $450 that you wouldn't have to worry much with what Jas been subtracted in meeting your needs.

An overly DCAing because you earn relatively so much can be a boomerang if you're having no savings aside for unpredictable circumstances that can be analogized as emergency.

I wouldn’t agree with you that investing in Bitcoin can be quite expensive journey, especially when you’re investing from a left over income, that is why you’ve to separate money from your expenses then whatever you’re left with which can be know as your discretionary income that is where you’re investing from, and it’s very wise and ideal to have a good financial plans and management that can be sustain your Bitcoin investment, you don’t have to invest or accumulate on a daily basis, it’s depending on when you’ve a discretionary income then you can invest or accumulate more, I don’t think there is much as expensive as you may say. Like your instance of investing 30$ from your possible 500$ income, you should be aware that first of all you take care of the expenses then you’ll determine if you’re left with 30$ to invest in Bitcoin, and then whatever amount you should have for your emergency funds. You can still accumulate bitcoin fraction by fraction continuously without much at stake.

You don’t need to be very rich or wealthy to start your journey of investing in Bitcoin, it’s not like you’re going for an expensive trip in Hawaii, Ibiza or Maldives, that you can refer as quite an expensive journey, You can actually buy bitcoin little by little with a small budget, so it doesn’t have to be lump sum to invest or accumulate. You’ve to choose what is sustainable to you, You already know the DCA method.

[Hewlet]

A person does not need a large source of income to invest. A person can start investing only if they have a reasonable income. Because it is very important to keep your investment consistent because if your investment is not consistent then you can fall far behind the goal of building your portfolio.

You may not require to have a large source of income to start investing but it's necessary and a plus if you can have such a large sources of income as an investor in bitcoin or any asset. It will help you to invest comfortably build a much bigger portfolio without having to withdraw your bitcoin investment prematurely due to extra responsibilities that your small income can't carry. Because it's not sufficient to make room for emergency funds without having to short live your investment due to emergency.

The amount of your investment will depend on your income, for example, if you are earning a good amount of money at the end of the month, then you will have the courage to invest a relatively large amount of money consistently, but those who earn relatively little money will have to invest the amount of money that is left after calculating everything. Who invested what amount of money in Bitcoin, these things are actually not a big fact, it is the efforts of the investors and how much they are trying to invest from their respective positions. If a low-income person invests 20 to 30 dollars every month and if he continues to invest this investment seriously for a few more years, then at the end of a certain period of time, his investment amount will be a lot. Thinking like this, everyone will probably think positively about investing in Bitcoin.

Financial stability to meet the needs of life also cannot be ignored so we must fulfill these important things first so as not to interfere with the investment we make, I once found someone quitting his investment just because of the reason to meet the needs of life and that is a big mistake that makes us fail in investing so indeed when the needs in life have been met then we will be able to invest safely and also in the long term according to our wishes.

Investing can be quite an expensive journey to embark on but its path if we persevere is rewarding with the right asset such like bitcoin. You don't have to be investing with relatively large money because you have a fat pay cheque. For instance, you're earning $500 monthly, you can be investing with $30 monthly, and be saving $20 as your emergency funds. This leaves you with $450 that you wouldn't have to worry much with what Jas been subtracted in meeting your needs.

earning $500 and investing just $30 a month shows that the investor is not intentional with his investment and i am saying this knowing fully well that some persons might still say that they are investing what they can afford to lose. everything that is worth doing is worth doing well and this includes how much we choose to allocate for our investment.

if you leave too much of your income as what you can spend, in the long run you might end up just eating from hand to mouth which means that you are just working to feed yourself with little left over for the future. by investing just $30 out of $500, you will have to do thus close to a year before you must have gathered your one month salary in bitcoin. that looks really poor to me. if i am earning $500 a month, i can boldly allocate nothing less than $150 for my monthly investment and in the long run work on increasing it. having a large chunk of bitcoin is the only way you can be certain of a good returns when you must have reached your investment goal and so there is no point investing so little when you already know about this.

An overly DCAing because you earn relatively so much can be a boomerang if you're having no savings aside for unpredictable circumstances that can be analogized as emergency.

you do not over DCA, with a proper plan in place. every investor should normally have a plan on the percentage of his income that is to be allocated to his DCA. If you allocate much just because you want to reach your goal fast enough and you can still use the fund that is left to sort out your needs without putting too much stress on yourself, then that is equally good.

the fact remains that if you don't invest, you are risking a lot when the future finally comes, and a lot of people that invested little still found themselves in a spot of regret when they see bitcoin doing really well and they can not boost of having something that will place them at a good profit region. it is a personal race and every individuals outcome is just dependent on how much he has invested which is the reason why the emphases has always been that be you a newbie investor or an old one, it is necessary to invest with something tangible that will place you at an advantage and help you reach your investment goal faster enough.

[ZeroVinsonN]

It's shitcoinery, and like you, everyone should treat THAT as a form of "entertainment". That's the main purpose, but if you "win", then that's merely the side-dish. The main-course is merely the entertainment you get from participating.

Plebs should be careful though, and never use more than 1% of your total Bitcoin, and if you think 1% of your total Bitcoin is "too small", then don't gamble. HODL.

If anyone would prefer to get the entertainment as you called it, gambling should only be done if you have at least 90% plus of your investment in bitcoin already and you have a less than 10% to gamble with, since it's a matter of luck, you're probably going to loss but if luck on your side you win in anyway you can use to reinvest in bitcoin.

That it's considered wise a bit but yet shitcoins is shitty, so holding or investing in it is the worst thing anyone can do. instead take you're game up and stake up more bitcoin.

The market is flooded with rug pull and sketchy. Investment on them click be highily risky and investors I have know who invested in the shitcoins always end up regretting it. Not because they lost the game but because they invested whole heartedly believing it was going to  reliable like bitcoin but due to their greeds and they considers their trusts on hyping than than the realistic potentials.

If only Investors especially beginners would think twice on the diversify of their investment, after primarily invested on bitcoin any other coin should be treated a skeptic not worth investing much because the drain could downpour even at the sunset.
Not reliability of investing in the digital assets like bitcoin and if you are not contended with your holding, hodling gives you the opportunity to the peak you desires.

Shitcoin investment is a one way ticket to failure, anybody who believes that they can get successful from investing in shitcoin has major disappointment waiting for them, bitcoin is the only coin worth investing in, and it's time people understand this instead of letting themselves lose money to failed experiments.
Anyone who actually wants to succeed in the investment has to invest in bitcoin, bitcoin has proven over the years to be relatively reliable with major increase in market value over the last decade, different investors have testified to the profits they made from investing in bitcoin, this is all more than enough for any prospective investor to invest in bitcoin rather than some worthless shitcoin

[Sim_card]

earning $500 and investing just $30 a month shows that the investor is not intentional with his investment and i am saying this knowing fully well that some persons might still say that they are investing what they can afford to lose. everything that is worth doing is worth doing well and this includes how much we choose to allocate for our investment.

if you leave too much of your income as what you can spend, in the long run you might end up just eating from hand to mouth which means that you are just working to feed yourself with little left over for the future. by investing just $30 out of $500, you will have to do thus close to a year before you must have gathered your one month salary in bitcoin. that looks really poor to me. if i am earning $500 a month, i can boldly allocate nothing less than $150 for my monthly investment and in the long run work on increasing it. having a large chunk of bitcoin is the only way you can be certain of a good returns when you must have reached your investment goal and so there is no point investing so little when you already know about this.
redictable circumstances that can be analogized as emergency.

It is not about your income but your discretionary income because you are only to invest from your discretionary income. If someone earning $500, after taking out his monthly expenses and basic needs is left with an amount that is below $100 and above $50, I don't see anything bad if he invest with $30 weekly and use $20 to build his emergency funds.

Don't forget that we are not the same when it comes to responsibilities to take care of. This is why one need to invest based on his discretionary and the life circumstances playing  around him at that moment. However, after he has built his emergency funds of at least three months of his income and reseve funds, he can channel that $20 into his weekly DCA so that he can increase his DCA amount. It's not by how much that you are putting into bitcoin that matters but it's for you to keep your bitcoin accumulation ongoing, consistently and persistently for 4-10 years and above.

Some new investors who don't have confidence in bitcoin can invest with little amount of money as low as $10, till he has built his confidence in bitcoin before he can increase his weekly DCA amount. It's better to accumulate in a whimpy way for a start, than investing with an amount of money that might not be your from discretionary income.

[Cossyblack]

It's shitcoinery, and like you, everyone should treat THAT as a form of "entertainment". That's the main purpose, but if you "win", then that's merely the side-dish. The main-course is merely the entertainment you get from participating.

Plebs should be careful though, and never use more than 1% of your total Bitcoin, and if you think 1% of your total Bitcoin is "too small", then don't gamble. HODL.

If anyone would prefer to get the entertainment as you called it, gambling should only be done if you have at least 90% plus of your investment in bitcoin already and you have a less than 10% to gamble with, since it's a matter of luck, you're probably going to loss but if luck on your side you win in anyway you can use to reinvest in bitcoin.

That it's considered wise a bit but yet shitcoins is shitty, so holding or investing in it is the worst thing anyone can do. instead take you're game up and stake up more bitcoin.

The market is flooded with rug pull and sketchy. Investment on them click be highily risky and investors I have know who invested in the shitcoins always end up regretting it. Not because they lost the game but because they invested whole heartedly believing it was going to  reliable like bitcoin but due to their greeds and they considers their trusts on hyping than than the realistic potentials.

If only Investors especially beginners would think twice on the diversify of their investment, after primarily invested on bitcoin any other coin should be treated a skeptic not worth investing much because the drain could downpour even at the sunset.
Not reliability of investing in the digital assets like bitcoin and if you are not contended with your holding, hodling gives you the opportunity to the peak you desires.

Shitcoin is shitcoin and Bitcoin is Bitcoin, the difference in both coins is their potentials so therefore any investor who had primarily invested in bitcoin then later on diversify part of his funds into investing in shitcoin hoping to have the same monetary growth and value as Bitcoin in shitcoin is not well orientated or probably gambling with his funds. It's obvious that no cryptocurrencies has performed more than Bitcoin for the past 15years and moreover Bitcoin have also been recognized as the overall best performing asset for the last 10years. So what's the points of investing in shitcoin when you're already an investor in Bitcoin if not for greed or lack of knowledge. it's obvious that investing in shitcoin is a total waste of time and resources as nothing substantial may come out of it, besides it wouldn't bring about a positive impact in his financial status in the future so it's better he stays focused on his Bitcoin investment that he is sure of  can change his lives for the better rather than wasting his funds in shitcoins that holds no value.

[avp2306]

The market is flooded with rug pull and sketchy. Investment on them click be highily risky and investors I have know who invested in the shitcoins always end up regretting it. Not because they lost the game but because they invested whole heartedly believing it was going to  reliable like bitcoin but due to their greeds and they considers their trusts on hyping than than the realistic potentials.

If only Investors especially beginners would think twice on the diversify of their investment, after primarily invested on bitcoin any other coin should be treated a skeptic not worth investing much because the drain could downpour even at the sunset.
Not reliability of investing in the digital assets like bitcoin and if you are not contended with your holding, hodling gives you the opportunity to the peak you desires.

Shitcoin is shitcoin and Bitcoin is Bitcoin, the difference in both coins is their potentials so therefore any investor who had primarily invested in bitcoin then later on diversify part of his funds into investing in shitcoin hoping to have the same monetary growth and value as Bitcoin in shitcoin is not well orientated or probably gambling with his funds. It's obvious that no cryptocurrencies has performed more than Bitcoin for the past 15years and moreover Bitcoin have also been recognized as the overall best performing asset for the last 10years. So what's the points of investing in shitcoin when you're already an investor in Bitcoin if not for greed or lack of knowledge. it's obvious that investing in shitcoin is a total waste of time and resources as nothing substantial may come out of it, besides it wouldn't bring about a positive impact in his financial status in the future so it's better he stays focused on his Bitcoin investment that he is sure of  can change his lives for the better rather than wasting his funds in shitcoins that holds no value.

Its not diversification but rather a suicide. Shitcoin is so risky investment and they are not sure if either they could able to draw profits from it or they would just lose their money there.

If they are thinking about this things that means they are not confident that Bitcoin would deliver. There's also a good chance that once they get frustrated on bad result they get from shitcoins they might pull out their Bitcoin for thinking about they can recover. Then this is how miserable situation start. So if they want to avoid this situation they better focus on Bitcoin and think about on how they can grow more their accumulated volume.