Buy the DIP, and HODL!

[Joeboy]

See, investing in Bitcoin with your residual money, whether you do it through a fixed income or through occasional savings, depends on your situation.This will help you start small and develop the habit of investing early if you are not a victim of any unforeseen circumstances.

When will you guys ever learn? It is very very wrong to invest in Bitcoin from any other source apart from your discretionary income, which is that extra money that is left after you must have settled your basic need and responsibilities. Talking about residual funds, it is even wrong to invest with it coz  it may be needed to deal with certain responsibilities.

I believe residual money means money that's left behind like residue so doesn't that already make it discretionary income?

Residual fundz and Discretionary Income are not the same. Residual fundz  is an ongoing source of income that keeps coming and coming even when you may not be actively working for it. For example rents from a house, royalty from book or properties, or even any kind of steady return from an earlier investment whatsoever. Discretionary income can be gotten from Residual fundz
While discretionary income is the extra money left after settling your basic needs and responsibilities, and coz it is that extra money, you are free to spend or to invest it.

[KeenanEl19]

buy the dip and be grateful it came round to you

Well I really think it’s best we accept that buying Bitcoin on a regular basis should be shared as a common goal and objective for someone who wants to always keep making investment into bitcoin, buying consistently on a regular basis is more important.

However I don’t really like emphasizing on a particular dip but if I have an opportunity to of buying a dip by upping my game, probably if I have some money saved aside specifically for buying the dip I think that would have no better opportunities but to buy at a cheaper price

Recently, I've started to have a fairly stable income thanks to my side job, and I've been thinking about investing a portion of each paycheck in Bitcoin. Although it's not a large amount, I'm trying my best and hoping it will improve in the future. Besides, I don't think there's anything wrong with that. And perhaps when the price drops, I'll force myself to buy it, but with careful consideration. Even if it's a good opportunity, it's still worth considering, especially if the situation dictates it, not using cash like savings.

[laijsica]

buy the dip and be grateful it came round to you

Well I really think it’s best we accept that buying Bitcoin on a regular basis should be shared as a common goal and objective for someone who wants to always keep making investment into bitcoin, buying consistently on a regular basis is more important.

However I don’t really like emphasizing on a particular dip but if I have an opportunity to of buying a dip by upping my game, probably if I have some money saved aside specifically for buying the dip I think that would have no better opportunities but to buy at a cheaper price

Recently, I've started to have a fairly stable income thanks to my side job, and I've been thinking about investing a portion of each paycheck in Bitcoin. Although it's not a large amount, I'm trying my best and hoping it will improve in the future. Besides, I don't think there's anything wrong with that. And perhaps when the price drops, I'll force myself to buy it, but with careful consideration. Even if it's a good opportunity, it's still worth considering, especially if the situation dictates it, not using cash like savings.

Bitcoin price is currently in a bearish phase. Now is the best time to start buying than waiting for the price to fall. You should never force yourself to buy Bitcoin, it should be a deliberate investment. While it may seem easy to accumulate Bitcoin in the initial stage while it is stable, it is not easy for investors to continue in the long term. You need to develop a patient and disciplined financial system until you reach a decent level. The chances of problems arising in Bitcoin through discretionary income are much less. You should start a DCA method to accumulate Bitcoin continuously and create an emergency fund to secure the holding for the long term. Saving local currency is more likely to decrease in value in the future but holding Bitcoin is much more likely to increase in value in the future and keep you in a financially stable position.

[Tmoonz]

buy the dip and be grateful it came round to you

Well I really think it’s best we accept that buying Bitcoin on a regular basis should be shared as a common goal and objective for someone who wants to always keep making investment into bitcoin, buying consistently on a regular basis is more important.

However I don’t really like emphasizing on a particular dip but if I have an opportunity to of buying a dip by upping my game, probably if I have some money saved aside specifically for buying the dip I think that would have no better opportunities but to buy at a cheaper price

Recently, I've started to have a fairly stable income thanks to my side job, and I've been thinking about investing a portion of each paycheck in Bitcoin. Although it's not a large amount, I'm trying my best and hoping it will improve in the future. Besides, I don't think there's anything wrong with that. And perhaps when the price drops, I'll force myself to buy it, but with careful consideration. Even if it's a good opportunity, it's still worth considering, especially if the situation dictates it, not using cash like savings.

I guess you have made a good decision by planing to be putting values in Bitcoin , the only validation is that the portion of the money is considered to be a discretionary income which of course must not have to be a larger amount and there is nothing absolutely to worry about because it is meant to be within your level of financial strength or risk tolerance level which can improve along the line, dollar cost averaging strategy of accumulating Bitcoin gives a lot flexibilities of investing in Bitcoin without being emotional because you are buying Bitcoin  intentionally and without forcing yourself even when the price drops or when it is increasing.

[Lidger]

It can be said that the DCA strategy is undoubtedly the most convenient and least risky for investing. Because it allows us to invest small amounts regularly at our convenience instead of waiting for a large sum of savings. This makes our investment easier and less risky, especially for beginners. On the other hand, having an emergency fund is also a wise thing to do because it helps us manage unexpected expenses without stopping investing. However, the interesting thing about DCA is that it does not consider market timing, so sometimes you can buy even if the price is high. Also, if you invest only when you have extra money, your investment pattern can become irregular. And setting aside extra money for emergencies will make your investment more crowded. Both methods have their own advantages and disadvantages. Since everyone's life is different, it is natural that the same method will not work for everyone. Despite the fact that the DCA method is so convenient, not everyone can use this method. Still, many people first create a fund and then invest. It depends on their own circumstances. The expenses and lifestyle of two people with the same income will not be the same.  And that's why not everyone can survive investing or invest despite having the desire. Despite all the convenient methods available today, some things have always remained traditional and most people's thoughts on investing have remained the same.

That is why if you know about the DCA investment strategy, you don't have to delay investing. If your intention is to hold your investment for a long time, then there is actually nothing to say about starting the investment there because you will be buying Bitcoin continuously. Basically, the DCA investment method creates a price compromise between your investments. You said at one point that despite the DCA investment method being easy to invest, many people cannot use this method, I want to tell you why you think so? Even those who have minimal understanding about DCA investment adopt this strategy for investment, and there are many investors who do not know about DCA investment but their investment style is very similar to DCA.

[BlackBoss_]

That is why if you know about the DCA investment strategy, you don't have to delay investing. If your intention is to hold your investment for a long time, then there is actually nothing to say about starting the investment there because you will be buying Bitcoin continuously. Basically, the DCA investment method creates a price compromise between your investments. You said at one point that despite the DCA investment method being easy to invest, many people cannot use this method, I want to tell you why you think so? Even those who have minimal understanding about DCA investment adopt this strategy for investment, and there are many investors who do not know about DCA investment but their investment style is very similar to DCA.

Investment is only good if you do it with your money, and it's super risky if you don't have money but take loans for purchasing bitcoin. If you do it (take loan), even you have bitcoins, it's more like a gambling, speculation with high risk rather than a safe investment.

Investment as said needs money so sometimes you will have problems with your income, financial status and have to skip one or two months with DCA. It's not big issue if you return to DCA when your finance improves and you feel safely financially to purchase bitcoins again. The key of investment and DCA practice is never forget about your spending fund, emergency fund and only invest with part of discretionary income. If you don't have discretionary income, it's safer to halt your DCA for a while. Safety first, and never do things like "Take risk first".

[JayJuanGee]

You too, you are equally wrong here, you don't invest in Bitcoin with your savings. You invest in it with your discretionary income, money left after all basic needs have been met, so that if your Bitcoin investment didn't go as planned, you will not be contemplating suicide since it is a money you can afford to lose, or are you trying to say that you can afford losing your savings?

What makes you feel that he's wrong. People that don't have the idea of investing can save their discretionary because they don't need it. This is the reason why you are advised not to save fiat in the bank but use it to buy bitcoin because fiat depreciates and bitcoin is the opposite. However, it's not compulsory that your discretionary funds must come from your income.

I could remember when I don't have the idea of bitcoin or investing my discretionary income, I save it in the bank and just keep piling it up hoping to use it to buy something very expensive in future like a land. But now, I am buying bitcoin and no longer saving in the bank.

There is still a balance that each of us have to figure out in regards to our finances and the extent to which we might find convenience and/or empowerment using various 3rd party financial services, such as banks..

Also building up credit and reputation through various status quo institutions can be valuable in the modern world, even though there are a variety of ways that indivuals might be disempowered through their use and/or reliance on status quo financial institutions and other kinds of mainstream institutions that we might need to use for various aspects of our living and/or if we might choose to travel outside of our local area.

Surely it can be problematic for anyone to keep everything or too much in banks, yet banks can also be powerful in terms of giving options in the modern world.

Perhaps you can completely live without banks, yet I doubt that getting rid of your bank is going to be an empowering move for a lot of normal people who might have a lot of variety of things going on with their finances, and they may well find some conveniences using banks for some of their modern conveniences.

I will concede that one of the real world advantages for bitcoin is to sometimes provide banking options for people who do not otherwise have bank and/or credit, so bitcoin can be quite empowering for unbanked (or underbanked people), yet it still might not be a good idea to get rid of your banke - even if you might decide to figure out ways to attempt to rely less and less and less on banks and to seek alternative ways to deal with various aspects of your personal finances (and/or your business finances - if you have a business).

you can't be struggling and be thinking of investing in bitcoin at the same time.

That is pure gambling or I will say the person is foolish.
Before you can start thinking of investing in Bitcoin, you must be capable of taking care of your basic needs, because if you can't take care of them, the possibility of tempering or selling everything off just to take care of yourself and your basic needs are very high if you went ahead and invest without having a discretionary income.

It depends on the kind of struggling. If you're struggling to meet up with your basic needs and gat no discretionary income, you cannot invest in bitcoin. But if you're struggling for the sake of having a discretionary income because you have the confidence in bitcoin then, it worth it. You mustn't wait to be rich or be comfortable before you can have a discretionary income and invest in bitcoin.

I am not sure if you Frankolala and Barikui1 are saying different things, since in several ways each of us has to figure out the extent to which our discretionary income is enough to invest into bitcoin and other aspects of our cashflow management.  Many of us might not agree with others in regards to where they draw the line in terms of how much back up funds they have or how much consumption they are doing or how much they are investing into bitcoin versus other investments that they might have.

so it's best for such category of people to save enough money before investing. Investing and saving at the same time is only possible for people that have steady money flow, not the struggling class.

when you say saving and investing at the time is only for possible for people that have steady money flow, it's quite misleading because you try to make it look as if Bitcoin in designed for a particular group of people who have the financial power or advantage, apparently Bitcoin is a platform that can accommodate everybody no matter how small your income is, there are also other important traits that when engaged can also help in helping anyone, their financial level not withstanding,

With your small income earnings you can invest with your discretionary income over a long period of time and continue to grow consistently instead of wishing to get that big money before investing.

In my personal opinion, rather than saving money while investing in bitcoin, I think it would be better if the money in the savings account was also invested in bitcoin. This is because investing in bitcoin is basically better than saving money. This is because if we save our money, it will definitely be eroded by inflation and its value will decrease every year. Therefore, I believe there is no good reason for someone to save money while investing in Bitcoin. Because, in my personal opinion, investing while saving is like doing something good and something bad at the same time. So, I think that with this in mind, whether it's for people with good cash flow or those without, I believe the right choice is to invest in Bitcoin alone rather than dividing the money between savings.

I am also never in favor of saving money in Fiat, those who still only save money, do not really understand that they will lose its real value over time, so this decision is definitely wrong, if it is a long-term plan.
In today's world where inflation is gradually destroying the purchasing power of money, just keeping money in the bank is nothing but watching the value of your assets decrease, if you have a long-term plan, you must invest in a long-term project, where the risk will be much lower and the chances of success will be much higher.
And if we think about this in the case of Bitcoin investment, then it can be a perfect plan, but many people do not understand Bitcoin, so if someone can be the first to know Bitcoin and keep himself calm and stable during its volatility, then if he uses that saved money for long-term investment in Bitcoin instead of just saving, then he can get better results.

Emergency funds tend to need to be saved in fiat.. so part of the balance is to have some funds that are in fiat and other funds that are invested into bitcoin. We should not be putting all of our value in bitcoin, since bitcoin will then end up serving as our emergency funds.. which is not a good balance... so any money we keep in fiat may well be balanced against our bitcoin in terms of figuring out how much to keep in fiat in case we need to cover expenses that might unexpectedly come up.

so it's best for such category of people to save enough money before investing. Investing and saving at the same time is only possible for people that have steady money flow, not the struggling class.

when you say saving and investing at the time is only for possible for people that have steady money flow, it's quite misleading because you try to make it look as if Bitcoin in designed for a particular group of people who have the financial power or advantage, apparently Bitcoin is a platform that can accommodate everybody no matter how small your income is, there are also other important traits that when engaged can also help in helping anyone, their financial level not withstanding,

With your small income earnings you can invest with your discretionary income over a long period of time and continue to grow consistently instead of wishing to get that big money before investing.

In my personal opinion, rather than saving money while investing in bitcoin, I think it would be better if the money in the savings account was also invested in bitcoin. This is because investing in bitcoin is basically better than saving money. This is because if we save our money, it will definitely be eroded by inflation and its value will decrease every year. Therefore, I believe there is no good reason for someone to save money while investing in Bitcoin. Because, in my personal opinion, investing while saving is like doing something good and something bad at the same time. So, I think that with this in mind, whether it's for people with good cash flow or those without, I believe the right choice is to invest in Bitcoin alone rather than dividing the money between savings.

You are right instead of saving money in fiat, it will be better to use that money to increase   or grow one's discretionary income bigger so that there will be enough money to use to accumulate and also use to front load when there is Dip because the money in fiat doesn't add value rather what it does most times is to reduce in value though sometimes they tends to Increase or appreciate depending on the fiat they are saving on but I will rather use my money to save in Bitcoin instead of saving in form of any currency.

Back up funds, such as emergency funds, reserves and float need to be kept in local fiat - with considerations in regards to how volatile they are and how liquid they are... so if you end up having issues you can access them.

Yeah, no one should be keeping excessive funds in fiat since it loses value.. yet there still likely is some advantage in having some fiat.. since you would not keep back up funds in bitcoin.. that would be a bad practice.

Your above point about not saving money but growing discretionary income makes hardly no sense.

Savings is built up from discretionary funds.

Discretionary funds can be used to invest, consume, or save fiat (or save back up funds).  Of course if you choose not to save, then you can use the money for the other two choices, which is to invest or to consume.

I don't see any difference between savings and back up funds. Back up funds can be emergency funds, reserve funds or float.

Emergency funds are the last resort of funds before having to dip into your bitcoin investment.

reserve funds are the same as emergency funds, except they have more options so that you can use them for other purposes .. reserve funds is generally the same thing as people tend to refer to as savings.

Float tends to be money that you have received through pay, yet you have not figured out if you need it for your expenses or not, so you don't spend it until your unresolved expenses are resolved.  Once you resolve your expenses then any extra  money that had been in your float would then become part of your discretionary funds.

[IjawMan]

In my personal opinion, rather than saving money while investing in bitcoin, I think it would be better if the money in the savings account was also invested in bitcoin. This is because investing in bitcoin is basically better than saving money. This is because if we save our money, it will definitely be eroded by inflation and its value will decrease every year. Therefore, I believe there is no good reason for someone to save money while investing in Bitcoin. Because, in my personal opinion, investing while saving is like doing something good and something bad at the same time. So, I think that with this in mind, whether it's for people with good cash flow or those without, I believe the right choice is to invest in Bitcoin alone rather than dividing the money between savings.

You are right instead of saving money in fiat, it will be better to use that money to increase   or grow one's discretionary income bigger so that there will be enough money to use to accumulate and also use to front load when there is Dip because the money in fiat doesn't add value rather what it does most times is to reduce in value though sometimes they tends to Increase or appreciate depending on the fiat they are saving on but I will rather use my money to save in Bitcoin instead of saving in form of any currency.

Is important to still have savings in fiat while you having your investment in bitcoin on a steady flow through your DCAing or whatever strategy you are convenient with dew to your cash flow income. With little savings in fiat separately you will have available money you can easily access, which can be seen as emergency funds for basic urgent utilities, and the savings must not be in huge amount to prevent much lose worth of your money to inflation since fiat currency is very good in losing value.

[Silikiem]

And perhaps when the price drops, I'll force myself to buy it, but with careful consideration.

You must not wait until the price drops before you accumulate and invest in bitcoin, such mindset is a trading mindset and not really a true bitcoin investor’s mindset. Waiting for the price to drop before you buy and invest in bitcoin is a wrong approach especially for a newbie who’s just starting out to invest because you’ve not even gotten to your accumulation target level, you really need to be able to just figure out a discretionary income and get started immediately so that you can gradually build up your portfolio and hold for the long term goal. If you’re waiting for the price to drop before you can buy and invest in bitcoin, you might end up not being able to invest again because you’ll be waiting for the dip which might not occur as you expected it. So instead of waiting for the price to drop, you can start not by figuring out a discretionary income and use to accumulate bitcoin gradually at any amount and at any price and if eventually along the line as you’re accumulating bitcoin regularly and the dip presents itself, it will only be an added benefit for you to take the advantage and accumulate even more at such low price and hood for the long purpose.

[Jostern]

Just get some dip today and hodl it.

Buying the dip is always an opportunity, I will be more satisfied to buy the dip when I have some discretionary money saved aside for buying the dip, just like you previously said I should up my game, this time around I must say I tried to up my game and take the opportunity, I already bought some bitcoin for the week like I always do, but when the opportunity of buying the dip I was well satisfied to take the opportunity.

Perhaps the primary motive of buying Bitcoin for me is to hodl it for a long term, and trying to have a sustainable strategy to always be applied with my Bitcoin investment, but some folks makes this common mistakes of waiting for a dip before they could buy bitcoin probably because they don’t have enough discretionary income in their disposal.

[Graph001]

But you cannot ignore the fact that we all have different lives, even if our income is the same, our situations are different. I wanted to say that two people who earn the same amount can never invest in the same way because they have their own limitations. I am not denying that the method you mentioned is certainly effective but it is also worth noting that since everyone's situation is not the same, not everyone's thinking about investing will be the same. A group of people may think that investing without a stable income can be risky because later. They may need that money at any time. So they think it is safer to create an emergency fund first and have a stable income before starting investing. Not everyone can do it even if they want to invest because strategic investments can reduce your risk but you are not completely safe from risk and not everyone is willing to take risks. Everyone never thinks the same way.

But remember in buying bitcoin, you use your discretionary income to buy and nothing more, and you can invest without emergency funds and build it up within 3 months .

Discretionary funds are those left over funds from your main expenses of the month which you don't really need that if lost or misplaced can't affect your expenses in anyway.

Let's look at it from this angle, the money you use to buy sweets, ice-creams,chocolate and some other petty things which you really don't need and can do without for the month, those money can be converted to investing into bitcoin,and if you can't do without them, you reduce your budget on them and use the left over for investment until you are able to entirely do away with them, which will now be an addition on your investment, every business comes with a risk .

Investing on Bitcoin should only come from those left over funds which are discretionary. But let's get something straight, there are two ways of seeing a discretionary, there is the steady discretionary income which is gotten over time and the occasional discretionary income which is got at a just a particular time . The discretionary income gotten overtime are usually those ones that those with a consistent income stream gets after soughting out their basic expenses. And the discretionary income gotten at a particular time can be those gotten from inconsistent sources like from a side hustle or even monetarily gift received from  people around. A lot of people limits themselves from investing mostly due to them having the shitty mentality that investment is only meant for those with a discretionary income from a consistent income stream. But that is totally a lie, investment in Bitcoin cam as well be done using the left over money even from an occasional or inconsistent stream, pending the time one can get themselves a consistent income stream. Just make sure that it is a left over money before  one decide to invest

See, investing in Bitcoin with your residual money, whether you do it through a fixed income or through occasional savings, depends on your situation. This will help you start small and develop the habit of investing early if you are not a victim of any unforeseen circumstances. However, it also has risks, especially if you do not have a stable income, in which case you may need money for an emergency or daily needs. So while investing with residual money is okay, it is important to first ensure that your basic expenses and urgent needs are covered. It does not mean that you will be able to profit just by investing. It is wiser to consider your financial situation before investing. Because if you want to be a successful investor, you must be stable and you will need a stable income to invest to meet all the needs of yourself and your family. In that case, if you want to invest regularly, then take your income to a stable level.  Just as it is true that you don't need to be rich to invest in Bitcoin, it is also true that if your income is not stable, you will not be able to invest regularly because you and your family's daily needs and unexpected situations will hinder you.

I believe residual money means money that's left behind like residue so doesn't that already make it discretionary income? It does so your residual money is your discretionary income so that's what you should invest in bitcoin with, so how can you still cover your basic expenses with your residual money before investing in bitcoin.
I think you are the term residual for something because if you are not then you are wrong because we don't cover our basic expenses with our discretionary income, our discretionary income is what left behind after we have already covered our basic expenses, if it's  not money you can afford to spend spend on things that are not too relevant, that is money you can afford to lose then it's not discretionary and shouldn't be used to invest in bitcoin.

You are of course right that discretionary income or residual income is what is left over after all the basic needs like food, rent, bills and transportation are met. So it makes sense that people should use this residual income to invest in Bitcoin or other assets. Investing money from the money you have set aside for necessities is risky because if the market crashes, it will affect the funds you actually need to survive. That is why only the money that you will not be financially hurt if you lose is your real discretionary income and that is what you should invest.

However, some people argue that residual income is not always discretionary income. Residual income can also be extra money from other sources such as side income, bonuses or passive income and is not necessarily the amount left over from your monthly expenses. No two people with the same income will ever have the same expenses because their circumstances are different. So one person may use some of this residual income for investments and another may use some of it to meet basic needs.  However, in most cases, people do not get the opportunity to invest because since they need their side income for their daily needs, it will be quite difficult for them to invest, and even if they can, they will not be able to do it regularly because their income is not stable. Practically, investing mainly depends on your situation.

[sotelorene]

In my personal opinion, rather than saving money while investing in bitcoin, I think it would be better if the money in the savings account was also invested in bitcoin. This is because investing in bitcoin is basically better than saving money. This is because if we save our money, it will definitely be eroded by inflation and its value will decrease every year. Therefore, I believe there is no good reason for someone to save money while investing in Bitcoin. Because, in my personal opinion, investing while saving is like doing something good and something bad at the same time. So, I think that with this in mind, whether it's for people with good cash flow or those without, I believe the right choice is to invest in Bitcoin alone rather than dividing the money between savings.

You are right instead of saving money in fiat, it will be better to use that money to increase   or grow one's discretionary income bigger so that there will be enough money to use to accumulate and also use to front load when there is Dip because the money in fiat doesn't add value rather what it does most times is to reduce in value though sometimes they tends to Increase or appreciate depending on the fiat they are saving on but I will rather use my money to save in Bitcoin instead of saving in form of any currency.

Is important to still have savings in fiat while you having your investment in bitcoin on a steady flow through your DCAing or whatever strategy you are convenient with dew to your cash flow income. With little savings in fiat separately you will have available money you can easily access, which can be seen as emergency funds for basic urgent utilities, and the savings must not be in huge amount to prevent much lose worth of your money to inflation since fiat currency is very good in losing value.

You are misunderstanding the whole idea, there is different between when you are saving money for profit in fiat and when you are also saving money for emergency they are not the same thing. The one you are saving that is not for emergency, you can easily access and temper with it anytime but that of emergency funds you can not touch it anyhow because it is only meant for emergency and I don't really think it is safe to save our emergency funds in fiat because deflation and inflation can occur anytime.

[Barikui1]

Just get some dip today and hodl it.

Buying the dip is always an opportunity, I will be more satisfied to buy the dip when I have some discretionary money saved aside for buying the dip, just like you previously said I should up my game, this time around I must say I tried to up my game and take the opportunity, I already bought some bitcoin for the week like I always do, but when the opportunity of buying the dip I was well satisfied to take the opportunity.

We don't normally call that a discretionary funds for the dip, it is called a reserve funds, money kept aside with the sole purpose of supporting your Bitcoin investment, either by using it to buy aggressively during the dip or used to sorts out one or two important expenses that may not be part of your basic needs.
But that funds set aside for the purpose of dip buying if it ever comes, it's the reserves funds, that's the primary purpose why it's made available.

[Barrykbest]

Just get some dip today and hodl it.

Buying the dip is always an opportunity, I will be more satisfied to buy the dip when I have some discretionary money saved aside for buying the dip, just like you previously said I should up my game, this time around I must say I tried to up my game and take the opportunity, I already bought some bitcoin for the week like I always do, but when the opportunity of buying the dip I was well satisfied to take the opportunity.

We don't normally call that a discretionary funds for the dip, it is called a reserve funds, money kept aside with the sole purpose of supporting your Bitcoin investment, either by using it to buy aggressively during the dip or used to sorts out one or two important expenses that may not be part of your basic needs.
But that funds set aside for the purpose of dip buying if it ever comes, it's the reserves funds, that's the primary purpose why it's made available.

Calling it reserve funds helps separate it from regular discretionary income. Discretionary money is more of what’s left after basic expenses, while reserve funds are planned savings for a purpose, like buying dips or handling rare opportunities. But Still, both come from good budgeting habits. Someone who manages their discretionary income well can later create those reserve funds. So, in a sense, the reserve fund starts from disciplined use of discretionary income.

[AirtelBuzz]

Bitcoin is for those who want to invest in Bitcoin, even students can save some money from their monthly expenses and invest here. This is real, it is possible. Because Bitcoin was not created for any specific class or tribe. It is not a platform made for the rich/poor, but it is a universal platform open to everyone. It is an open system where anyone can participate, no matter how small their income is. If even people with small incomes invest in Bitcoin slowly, regularly with the little extra money they save apart from their daily expenses, then their wealth can also increase in the long run. However, for long-term (4-8 years) investment protection, a discretionary income or backup fund is necessary. Because otherwise sometimes withdrawal, sale or investment may be delayed due to sudden danger.

You are right, it is very important to have an investment mindset to invest. And no one needs to be rich to invest, in this case a student or a low-income person can also invest. And in investment, one must first have a stable income, then discretionary income, emergency fund and this will be especially beneficial when they continue their investment in the DCA method.

A lot of people still think investing is only for the rich, but that mindset is totally wrong. The truth is, consistency will beat capital most times.  Even with small amounts like $10 or $15, if you keep investing regularly using the DCA method, it adds up over time.
It is all about discipline and patience. Like you said, four to eight years down the line, those little weekly investments could turn into something massive.. The key is just starting with what you have and staying consistent, no matter how small.

Here I want to make it clear that everyone can invest in Bitcoin and it constantly shows us the dream of an exploitation-free monetary system, so it is not discriminatory. In fact know that we can earn discretionary income by excluding basic needs, and whenever there is discretionary income, everyone will be ready to adopt different strategies, Then this money will be ready to help both classes of people invest, this means that both rich and poor will be able to afford to invest with the help of discretionary income.

Because in the DCA method, they can invest even $10-$15 according to their ability. Not everyone has the ability to invest a large amount of money. So here someone can enjoy the benefits within their own means. And if someone continues to invest even $15 per week and if he keeps it for four to eight years, it will give him a large amount of return in the long run.

Look, if someone can get $10, $15 or something more out of their disposable income, that's not a small amount in my opinion because these are also suitable funds to invest in the DCA method according to their ability, see here in this video that if someone had invested $50 weekly through the DCA method from 2022, then he would have 4.55 oz of gold and if he had invested in Bitcoin at that time, the total wealth would be $ 28,643. So consider that even if the capital for Bitcoin investment is small, it is not a problem and having a stable income is essential, but not mandatory before starting to invest in digital gold.


https://x.com/w_s_bitcoin/status/1984965297884041621?t=KA9kuSrlYEBX6ih_WtoO2A&s=19

[Graph001]

See, investing in Bitcoin with your residual money, whether you do it through a fixed income or through occasional savings, depends on your situation.This will help you start small and develop the habit of investing early if you are not a victim of any unforeseen circumstances.

When will you guys ever learn? It is very very wrong to invest in Bitcoin from any other source apart from your discretionary income, which is that extra money that is left after you must have settled your basic need and responsibilities. Talking about residual funds, it is even wrong to invest with it coz  it may be needed to deal with certain responsibilities.

I understand what you are saying but one thing here is that the expenses of two people earning the same amount of money will never be the same as their personal and family circumstances are different. Everyone has some personal and family limitations and that is why some people can invest regularly while others can invest at a certain time when they feel it is convenient and it may be that they are not able to invest due to their limitations. Here the less the limitations, the more comfortable they can invest. The matter of investment depends on their own circumstances.

[Cossyblack]

In my personal opinion, rather than saving money while investing in bitcoin, I think it would be better if the money in the savings account was also invested in bitcoin. This is because investing in bitcoin is basically better than saving money. This is because if we save our money, it will definitely be eroded by inflation and its value will decrease every year. Therefore, I believe there is no good reason for someone to save money while investing in Bitcoin. Because, in my personal opinion, investing while saving is like doing something good and something bad at the same time. So, I think that with this in mind, whether it's for people with good cash flow or those without, I believe the right choice is to invest in Bitcoin alone rather than dividing the money between savings.

You are right instead of saving money in fiat, it will be better to use that money to increase   or grow one's discretionary income bigger so that there will be enough money to use to accumulate and also use to front load when there is Dip because the money in fiat doesn't add value rather what it does most times is to reduce in value though sometimes they tends to Increase or appreciate depending on the fiat they are saving on but I will rather use my money to save in Bitcoin instead of saving in form of any currency.

Is important to still have savings in fiat while you having your investment in bitcoin on a steady flow through your DCAing or whatever strategy you are convenient with dew to your cash flow income. With little savings in fiat separately you will have available money you can easily access, which can be seen as emergency funds for basic urgent utilities, and the savings must not be in huge amount to prevent much lose worth of your money to inflation since fiat currency is very good in losing value.

You are misunderstanding the whole idea, there is different between when you are saving money for profit in fiat and when you are also saving money for emergency they are not the same thing. The one you are saving that is not for emergency, you can easily access and temper with it anytime but that of emergency funds you can not touch it anyhow because it is only meant for emergency and I don't really think it is safe to save our emergency funds in fiat because deflation and inflation can occur anytime.

I think it is best your Emergency funds is saved in FiAT for easy and quick access, in case whenever you have a urgent matter,it can be easily accessible for emergency withdrawal. However, investing your Emergency funds in Bitcoin because you actually don't want it to be inflated leaving it as FIAT is wrong. Your Emergency funds isn't to be tampered with for any reasons except for Emergency cases,so therefore, investing it in Bitcoin is no longer an investment but gambling. You're actually gambling with your Bitcoin portfolio because if an Emergency occurs now at a time the price of Bitcoin is declining in value, you will have no other choice but to still go ahead and sell your Bitcoin portfolio at loss.

[The Founding Titan]

Just get some dip today and hodl it.

Buying the dip is always an opportunity, I will be more satisfied to buy the dip when I have some discretionary money saved aside for buying the dip, just like you previously said I should up my game, this time around I must say I tried to up my game and take the opportunity, I already bought some bitcoin for the week like I always do, but when the opportunity of buying the dip I was well satisfied to take the opportunity.

We don't normally call that a discretionary funds for the dip, it is called a reserve funds, money kept aside with the sole purpose of supporting your Bitcoin investment, either by using it to buy aggressively during the dip or used to sorts out one or two important expenses that may not be part of your basic needs.
But that funds set aside for the purpose of dip buying if it ever comes, it's the reserves funds, that's the primary purpose why it's made available.

Calling it reserve funds helps separate it from regular discretionary income. Discretionary money is more of what’s left after basic expenses, while reserve funds are planned savings for a purpose, like buying dips or handling rare opportunities. But Still, both come from good budgeting habits. Someone who manages their discretionary income well can later create those reserve funds. So, in a sense, the reserve fund starts from disciplined use of discretionary income.

I have a question, how different is reserved fund from emergency fund, I understand that they are both saved for future use but we are always advised to not invest in bitcoin with our emergency fund, so when you say we can buy the DIP with our reserve funds it means that reserve fund is different from emergency fund and that they serve different purpose. So what's the difference between the two, do we also get our reserve fund from our discretionary income as with our emergency fund or does it come from a different source and also are there other funds like these one that maybe serve a different purpose.

[leonair]

See, investing in Bitcoin with your residual money, whether you do it through a fixed income or through occasional savings, depends on your situation.This will help you start small and develop the habit of investing early if you are not a victim of any unforeseen circumstances.

When will you guys ever learn? It is very very wrong to invest in Bitcoin from any other source apart from your discretionary income, which is that extra money that is left after you must have settled your basic need and responsibilities. Talking about residual funds, it is even wrong to invest with it coz  it may be needed to deal with certain responsibilities.

I understand what you are saying but one thing here is that the expenses of two people earning the same amount of money will never be the same as their personal and family circumstances are different. Everyone has some personal and family limitations and that is why some people can invest regularly while others can invest at a certain time when they feel it is convenient and it may be that they are not able to invest due to their limitations. Here the less the limitations, the more comfortable they can invest. The matter of investment depends on their own circumstances.

You are certainly right, people deal with their personal situation and then make their savings and investments. People used to think about different investments earlier and avoided Bitcoin because it was a volatile currency. People were very focused on gold but recently gold has become highly volatile, now people are leaning towards Bitcoin. And here very small amounts can be invested according to their capabilities, so everyone can easily save or invest in Bitcoin by dealing with their situation. Every family has different expenses, so after meeting them, people can invest the remaining money, so everyone's investment amount and investment type will not be the same. However, investing in Bitcoin will be a perfect solution in all cases.

[Barikui1]

I have a question, how different is reserved fund from emergency fund, I understand that they are both saved for future use but we are always advised to not invest in bitcoin with our emergency fund, so when you say we can buy the DIP with our reserve funds it means that reserve fund is different from emergency fund and that they serve different purpose. So what's the difference between the two, do we also get our reserve fund from our discretionary income as with our emergency fund or does it come from a different source and also are there other funds like these one that maybe serve a different purpose.

Both of these funds are truly meant to oversees the success of our Bitcoin holdings, but to answer your question;
An emergency funds is a funds set aside with the sole purpose of protecting your bitcoin holdings, and it's that funds kept aside to combat any emergency situation that may have warrant you to sell off or temper with your Bitcoin holdings, while a reserve funds is a funds kept aside with the sole purpose of servicing our Bitcoin and it can also be used to buy aggressively during the dip.

Take note that emergency and reserve funds are gotten from our discretionary income, not from Money meant to sorts out any of our basic needs.