Buy the DIP, and HODL!

[Tamaperdana]

It is not a must that we have to start investing in bitcoin before we can  set up an emergency funds. Infact it would be wise to set up an emergency funds that can be able to take up our expenses for 3-6 months. However , we shouldn't allow not having an emergency funds to stop us from investing in bitcoin. It is wise to be investing in bitcoin and at the same time be working towards setting up an emergency funds.

I don't think there's anything wrong with prioritizing an emergency fund before investing in Bitcoin, as an emergency fund is clearly useful as a shield for us in times of emergency. So, if we're investing in Bitcoin and an emergency occurs and we don't have an emergency fund, what do you think we should do? I think it's clear that the Bitcoin we've purchased will be sold to cover the emergency needs. Therefore, I believe having an emergency fund is crucial.

Yes, having an emergency fund to cover our living expenses for at least two months is sufficient rather than having none at all when investing. In situations like this, it will certainly feel more comfortable and secure. Investing in Bitcoin can work, and an emergency fund can, even if we don't have much. So, I think that's the conclusion. But yes, it depends on each person's comfort level, but my advice, even if it's slightly better, is to build an emergency fund before investing in Bitcoin.

[JayJuanGee]

It is not a must that we have to start investing in bitcoin before we can  set up an emergency funds. Infact it would be wise to set up an emergency funds that can be able to take up our expenses for 3-6 months. However , we shouldn't allow not having an emergency funds to stop us from investing in bitcoin. It is wise to be investing in bitcoin and at the same time be working towards setting up an emergency funds.

It should be so that is preparing an emergency fund before starting accumulation on Bitcoin, two years ago I also did the same thing by making sure that I had an emergency fund for sudden needs for the next 3-6 months, that way I could be more comfortable accumulating without fear of my Bitcoin assets being disturbed when experiencing an emergency event that required me to spend money, so you can say that emergency funds are very important if you want to maintain your Bitcoin accumulation.

It is not a good idea to delay investing in bitcoin in order to establish an emergency fund. especially if you are building up 3-6 months of your expenses, which could take you 1-2 years or longer just to build up that level of emergency funds (or back up funds).

One of the most important things in bitcoin is getting started investing as soon as possible, as long as you have figured out that you have discretionary funds.

At the same time, each of us can figure out the pace in which we might want to make sure that we have both back up funds and while we are building up our bitcoin investment..  Surely some people come to bitcoin and they might already have 2-6 weeks or some other quantity of money that they have in place that is their back up funds.. so their already existing practice can help to guide them in regards to how much back up funds that they might want to maintain, yet at the same time, investing into bitcoin provides a new context for those who might have never previously had investments so volatile and liquid as bitcoin, which might contribute additional rationale to provide protections for bitcoin investors to try to avoid tapping into their bitcoin at a time that is not of their own choosing.

Frequently guys here like to recommend building up the back up funds and the bitcoin investment at a similar pace.. which could be a practical perspective, even though each person can decide the extent to which he might want to deviate from that kind of an arguably balanced approach to building both at the same pace. which may or may not be considered in terms of potentially keeping too much cash, even though if some kinds of a loss of income and/or increase in expenses situation were to come about, it may well be quite a savior to a guys bitcoin investment to have those funds already to be able to tap into rather than ONLY having bitcoin available.

It is not a must that we have to start investing in bitcoin before we can  set up an emergency funds. Infact it would be wise to set up an emergency funds that can be able to take up our expenses for 3-6 months. However , we shouldn't allow not having an emergency funds to stop us from investing in bitcoin. It is wise to be investing in bitcoin and at the same time be working towards setting up an emergency funds.

I don't think there's anything wrong with prioritizing an emergency fund before investing in Bitcoin, as an emergency fund is clearly useful as a shield for us in times of emergency. So, if we're investing in Bitcoin and an emergency occurs and we don't have an emergency fund, what do you think we should do? I think it's clear that the Bitcoin we've purchased will be sold to cover the emergency needs. Therefore, I believe having an emergency fund is crucial.

Yes, having an emergency fund to cover our living expenses for at least two months is sufficient rather than having none at all when investing. In situations like this, it will certainly feel more comfortable and secure. Investing in Bitcoin can work, and an emergency fund can, even if we don't have much. So, I think that's the conclusion. But yes, it depends on each person's comfort level, but my advice, even if it's slightly better, is to build an emergency fund before investing in Bitcoin.

If you are deciding to get started investing in bitcoin and you have absolutely no back up funds, so then you decide to put 10% of your income into building your emergency funds, and maybe 10% would be $250 per month, and if your expenses are $1750 per month, then it would take you 14 months to build up your emergency funds to be the same as two months of your expenses.

I doubt it is a good idea to delay investing into bitcoin for 14 months to build up such a level of emergency funds rather than figuring out a way to get started investing into bitcoin right away and making sure that you also have enough money to make sure that you are not using non-discretionary money to invest into bitcoin.  So yeah, you can decide, but does not seem like a good idea to delay investing into bitcoin based on a desire to build up 2 months of expenses, especially for folks who might not even be close to having that level of money already and even if a person hears about bitcoin and they already have $3,500 in cash, maybe they might want to consider investing half of their available cash into bitcoin.. even if it would reduce their cash to $1,750.  These are not easy choices, even though delaying investing into bitcoin does not seem to be a good one... at least from my point of view and for the reasons that you proclaimed to be important.. yet surely each of us has to decide for ourselves in regards to our priorities and our balancing of matters.

[ZeroVinsonN]

It is not a must that we have to start investing in bitcoin before we can  set up an emergency funds. Infact it would be wise to set up an emergency funds that can be able to take up our expenses for 3-6 months. However , we shouldn't allow not having an emergency funds to stop us from investing in bitcoin. It is wise to be investing in bitcoin and at the same time be working towards setting up an emergency funds.

I don't think there's anything wrong with prioritizing an emergency fund before investing in Bitcoin, as an emergency fund is clearly useful as a shield for us in times of emergency. So, if we're investing in Bitcoin and an emergency occurs and we don't have an emergency fund, what do you think we should do? I think it's clear that the Bitcoin we've purchased will be sold to cover the emergency needs. Therefore, I believe having an emergency fund is crucial.

Yes, having an emergency fund to cover our living expenses for at least two months is sufficient rather than having none at all when investing. In situations like this, it will certainly feel more comfortable and secure. Investing in Bitcoin can work, and an emergency fund can, even if we don't have much. So, I think that's the conclusion. But yes, it depends on each person's comfort level, but my advice, even if it's slightly better, is to build an emergency fund before investing in Bitcoin.

There is absolutely nothing wrong with having an emergency fund before the decision to invest in bitcoin, after emergency will come up regardless of whether or not you are investing in bitcoin, but the emergency fund discussions that are brought up here are usually in relation to bitcoin investment and frankly if you want to start investing and you don't have an emergency fund yet then you have no real reason to panic, you could always build the two of them side by side with percentage allocations form your discretionary income to cover the two of them, deciding to prioritise your emergency fund first implies that you will hold on the idea of investing first tell you have built your emergency fund but this isn't the smartest investment idea, even if you are only initially building 2 months worth that still means that you are willing to lose all the buying opportunities that will come up within that timeframe and can also even lead to procrastination on your part as an investor, the importance of an emergency fund can not be overemphasized but that doesn't mean to prioritize it over your actual investment, best to do the two things at the same time, this way you can build your emergency fund while not missing any buying opportunity that comes up.

[Jamestown70]

It is not a must that we have to start investing in bitcoin before we can  set up an emergency funds. Infact it would be wise to set up an emergency funds that can be able to take up our expenses for 3-6 months. However , we shouldn't allow not having an emergency funds to stop us from investing in bitcoin. It is wise to be investing in bitcoin and at the same time be working towards setting up an emergency funds.

I don't think there's anything wrong with prioritizing an emergency fund before investing in Bitcoin, as an emergency fund is clearly useful as a shield for us in times of emergency. So, if we're investing in Bitcoin and an emergency occurs and we don't have an emergency fund, what do you think we should do? I think it's clear that the Bitcoin we've purchased will be sold to cover the emergency needs. Therefore, I believe having an emergency fund is crucial.

Yes, having an emergency fund to cover our living expenses for at least two months is sufficient rather than having none at all when investing. In situations like this, it will certainly feel more comfortable and secure. Investing in Bitcoin can work, and an emergency fund can, even if we don't have much. So, I think that's the conclusion. But yes, it depends on each person's comfort level, but my advice, even if it's slightly better, is to build an emergency fund before investing in Bitcoin.

There is absolutely nothing wrong with having an emergency fund before the decision to invest in bitcoin, after emergency will come up regardless of whether or not you are investing in bitcoin, but the emergency fund discussions that are brought up here are usually in relation to bitcoin investment and frankly if you want to start investing and you don't have an emergency fund yet then you have no real reason to panic, you could always build the two of them side by side with percentage allocations form your discretionary income to cover the two of them, deciding to prioritise your emergency fund first implies that you will hold on the idea of investing first tell you have built your emergency fund but this isn't the smartest investment idea, even if you are only initially building 2 months worth that still means that you are willing to lose all the buying opportunities that will come up within that timeframe and can also even lead to procrastination on your part as an investor, the importance of an emergency fund can not be overemphasized but that doesn't mean to prioritize it over your actual investment, best to do the two things at the same time, this way you can build your emergency fund while not missing any buying opportunity that comes up.

I agree with you, if you’re procrastinating over and over again before investing in Bitcoin because you have not yet built your emergency funds, it’ll only lead you to regretting not starting from the onset. As long as you have some money left out, after settling your need and bills, then you can do your fractioning, set at least 50% into your investment and you use part of the the 50% left for both your emergency fund and your outing if need be, it’s normal for you to treat your self to a drink once in a while at least part of the 50% left out should cover that.

[Barikui1]

I agree with you, if you’re procrastinating over and over again before investing in Bitcoin because you have not yet built your emergency funds, it’ll only lead you to regretting not starting from the onset. As long as you have some money left out, after settling your need and bills, then you can do your fractioning, set at least 50% into your investment and you use part of the the 50% left for both your emergency fund and your outing if need be, it’s normal for you to treat your self to a drink once in a while at least part of the 50% left out should cover that.

As a no coiner, the most important thing is starting your accumulation journey regardless how small it is, because taking that leap is the most vital thing a no coiner will ever do for himself, since level one is the most difficult level. And once you have started your Bitcoin accumulation, the ideal thing to be doing after that is by building your emergency funds alongside your bitcoin investment because no one knows when emergency will struck.
Though it's going to take even more than a year to build an emergency funds huge enough to protect your investment for a period of three months or more if real life emergencies occur or something like loss of job happens, but putting it in place while accumulating is the ideal thing all Bitcoin investors should be doing, not procrastinating his or her investment trying to put it in place, which I see as time wasting.

[Fadhil Pahlawadi]

Personally I will also advice you not to be worried about market conditions, I think most people makes predictions because they’re mostly interested in buying bitcoin in a reduced price, but I will also advice that you should be more interested in buying bitcoins on a regular basis, and I know that some investors would be more interested in buying bitcoins on a reduced price but that wouldn’t always be a necessity in terms of an individual who are buying bitcoin for a long terms plans.
Well like you have said you shouldn’t be worried about buying bitcoin or getting worried about the price of bitcoin it should be more interesting that you keep buying bitcoin consistently when you have a discretionary income, what your friends should know is that when they have a discretionary amount available, after taking care of their basic expenses it would be more better they use the money leftover from their income after paying for their expenses it should be more efficient when buying bitcoin with a discretionary income.

Yes, despite the market conditions there's no need to worry because everything has its time. If conditions are stable we can't correct anything about market conditions.

That's very clear my friend. When the price drops some people consider it an opportunity to buy Bitcoin hoping to continue increasing their assets by accumulating Bitcoin long-term. This is the price moment that many people are waiting for and I think only certain people are waiting for the price to drop. If they really want to buy Bitcoin the price rise or fall is no longer a factor. They know the results they'll experience when they sell Bitcoin at a price above their purchase price thus achieving the substantial profits they've already experienced. Therefore they don't mind buying Bitcoin when the price is fluctuating.

[WhoYouCantKill]

It is not a must that we have to start investing in bitcoin before we can  set up an emergency funds. Infact it would be wise to set up an emergency funds that can be able to take up our expenses for 3-6 months. However , we shouldn't allow not having an emergency funds to stop us from investing in bitcoin. It is wise to be investing in bitcoin and at the same time be working towards setting up an emergency funds.

It should be so that is preparing an emergency fund before starting accumulation on Bitcoin, two years ago I also did the same thing by making sure that I had an emergency fund for sudden needs for the next 3-6 months, that way I could be more comfortable accumulating without fear of my Bitcoin assets being disturbed when experiencing an emergency event that required me to spend money, so you can say that emergency funds are very important if you want to maintain your Bitcoin accumulation.

It is not a good idea to delay investing in bitcoin in order to establish an emergency fund. especially if you are building up 3-6 months of your expenses, which could take you 1-2 years or longer just to build up that level of emergency funds (or back up funds).

One of the most important things in bitcoin is getting started investing as soon as possible, as long as you have figured out that you have discretionary funds.

At the same time, each of us can figure out the pace in which we might want to make sure that we have both back up funds and while we are building up our bitcoin investment..  Surely some people come to bitcoin and they might already have 2-6 weeks or some other quantity of money that they have in place that is their back up funds.. so their already existing practice can help to guide them in regards to how much back up funds that they might want to maintain, yet at the same time, investing into bitcoin provides a new context for those who might have never previously had investments so volatile and liquid as bitcoin, which might contribute additional rationale to provide protections for bitcoin investors to try to avoid tapping into their bitcoin at a time that is not of their own choosing.

That’s quite a balanced approach and position. The most important and sometimes most hardest thing for an investor is often getting started, there are a lot investors who are enthusiastic and passionate about getting started with Bitcoin investment, but they keep procrastinating for the lamest reasons. There shouldn’t be any reason that’s enough to delay getting started with bitcoin investing as long as you’ve got a discretionary income. Of a true, the emergency or backup funds are the core pillars of every Bitcoin investment, but that’s doesn’t mean an investor needs to get em ready first before he can get started, that’s nothing but another flimsy excuse to keep procrastinating.

It’s important to understand that Bitcoin is time sensitive, especially for those who are relatively new to it as far as adoption, compounding composure and learning is concerned, it’s always more profitable to get started immediately you know you have a good and genuine discretionary income than having to wait until you’re able to reach an arbitrary savings target first.

There’s absolutely nothing wrong with simultaneously building your investment and your emergency fund or backup funds. When doing this, only the pace would be affected, and it’s better for your investment pace to be slower than completely pending when building an emergency fund, the most important thing is that the train is actually moving, even if slower than usual. Then when you’ve been able to build your backup fund to their height you feel is befitting of your individual position or needs, then you can go ahead and become more aggressive in your accumulation. This is a way more efficient and effective approach compared to completely pending your accumulation simply because you wanna build your emergency fund. As long as bitcoin accumulation is concerned, I like to see any reason that’ll stop people from getting started with their accumulation (except the absence of a discretionary income) as not good enough or flimsy, because the goal is to get started first and then make necessary adjustments along the way when/if needed to make sure your long term goals are achieved.

I’m conclusion, this is not an advice to ignore safety, because some may argue that safety should come first before every other thing, or that the backup funds are just as important as the investment itself, if not more, which are pretty much arguably true. But the point here is not to ignore safety, but to not allow an idealized safety threshold stop you from participating in Bitcoin accumulation as earlier as you should and could. The both are just as important, so rather than pending one for the other, it’s always thoughtful to gradual build ‘em both simultaneously, and then adjust your approach later on.

[samadam007]

It is not a good idea to delay investing in bitcoin in order to establish an emergency fund. especially if you are building up 3-6 months of your expenses, which could take you 1-2 years or longer just to build up that level of emergency funds (or back up funds).

One of the most important things in bitcoin is getting started investing as soon as possible, as long as you have figured out that you have discretionary funds.

At the same time, each of us can figure out the pace in which we might want to make sure that we have both back up funds and while we are building up our bitcoin investment..  Surely some people come to bitcoin and they might already have 2-6 weeks or some other quantity of money that they have in place that is their back up funds.. so their already existing practice can help to guide them in regards to how much back up funds that they might want to maintain, yet at the same time, investing into bitcoin provides a new context for those who might have never previously had investments so volatile and liquid as bitcoin, which might contribute additional rationale to provide protections for bitcoin investors to try to avoid tapping into their bitcoin at a time that is not of their own choosing.

Frequently guys here like to recommend building up the back up funds and the bitcoin investment at a similar pace.. which could be a practical perspective, even though each person can decide the extent to which he might want to deviate from that kind of an arguably balanced approach to building both at the same pace. which may or may not be considered in terms of potentially keeping too much cash, even though if some kinds of a loss of income and/or increase in expenses situation were to come about, it may well be quite a savior to a guys bitcoin investment to have those funds already to be able to tap into rather than ONLY having bitcoin available.

This is precisely it sir. The habit of retarding investment just to finish building an emergency fund is so unnecessary. Since the two are equally important, It is more sensible that people try to balance everything by building emergencies fund and invest in bitcoin simultaneously, so as to reduce two important risk at once. The first risk is that it prevents missing out from investing in bitcoin. And the second risk is that is reduces the compulsion to sell at emergency period.

[Kuchuku]

It is very important to create an emergency fund for Bitcoin investment. As a result, an emergency fund will be useful in any emergency situation and if this emergency fund is not there, then in an emergency situation you will have to face danger. For this reason, an emergency fund should be given priority before investing so that it can be used properly when needed. And I think an emergency fund plays an important role in meeting the expenses of living.

[Princess Leah]

I agree with you. It is very important to create an emergency fund for Bitcoin investment. As a result, an emergency fund will be useful in any emergency situation and if this emergency fund is not there, then in an emergency situation you will have to face danger. For this reason, an emergency fund should be given priority before investing so that it can be used properly when needed. And I think an emergency fund plays an important role in meeting the expenses of living.

More reason why I disagree with those who thinks that the emergency funds can be suitable for Bitcoin investment, they forget that emergency situation are what we can't tell when would occur but very necessary that we prepare for it and how best can anyone prepare for emergency funds if not setting aside an emergency funds.

 Investors shouldn't follow wrong practices that would likely cause them ruins all in the name of Investing in Bitcoin, yes it's true that Bitcoin has proven to be a good investment option and very rewarding but doing it with funds generated from the discretionary is the best approach and since it's a long-term investment option it would be more risky to use the emergency funds for it.

[Bigjoe33]

I agree with you. It is very important to create an emergency fund for Bitcoin investment. As a result, an emergency fund will be useful in any emergency situation and if this emergency fund is not there, then in an emergency situation you will have to face danger. For this reason, an emergency fund should be given priority before investing so that it can be used properly when needed. And I think an emergency fund plays an important role in meeting the expenses of living.

Emergency funds is important, but its not compulsory that you must have it before you start your investment, no. What you only need basically to start up your Bitcoin investment is your discretionary income. Once you have been able to figure out your discretionary income, then you can begin your investment right away. As you keep investing, you can gradually build up your emergency funds and other back up funds from your discretionary income.

Waiting to build an emergency funds or prioritising your emergency funds Ans it's availability before starting your investment will keep you away from starting your investment, and of course, time waits for nobody. So it's better you start right away if you have your discretionary income.

[Morayoam91]

When can DCA strategy and ETF strategy be Apply in the Market or during Investing

The DCA method is one of the methods used in accumulating Bitcoin, and there is no specific time to use the DCA method to buy Bitcoin. For you to use the DCA method to buy Bitcoin, you have to first of all figure out that it is the DCA method you want to use to buy Bitcoin, and once you have done that and your discretionary income is available, you are free to buy Bitcoin with the DCA method any time or day your discretionary income is available. The method that has a specific time in buying Bitcoin is the buy the dip method because you can only buy Bitcoin with the method whenever a dip happens.

DCA proves that Bitcoin investment is not just for big capital, it works for both classes of people. Investing through DCA reduces risk and prevents you from worrying about the price of Bitcoin, because the price of Bitcoin almost always fluctuates, which can scare you when you avoid using the DCA strategy. Investing with the DCA strategy always keeps you free from such challenges as when to enter and when to exit the market. DCA is a very effective method and helps to increase long-term holdings.

[Obulis]

Personally I will also advice you not to be worried about market conditions, I think most people makes predictions because they’re mostly interested in buying bitcoin in a reduced price, but I will also advice that you should be more interested in buying bitcoins on a regular basis, and I know that some investors would be more interested in buying bitcoins on a reduced price but that wouldn’t always be a necessity in terms of an individual who are buying bitcoin for a long terms plans.
Well like you have said you shouldn’t be worried about buying bitcoin or getting worried about the price of bitcoin it should be more interesting that you keep buying bitcoin consistently when you have a discretionary income, what your friends should know is that when they have a discretionary amount available, after taking care of their basic expenses it would be more better they use the money leftover from their income after paying for their expenses it should be more efficient when buying bitcoin with a discretionary income.

Yes, despite the market conditions there's no need to worry because everything has its time. If conditions are stable we can't correct anything about market conditions.

That's very clear my friend. When the price drops some people consider it an opportunity to buy Bitcoin hoping to continue increasing their assets by accumulating Bitcoin long-term. This is the price moment that many people are waiting for and I think only certain people are waiting for the price to drop. If they really want to buy Bitcoin the price rise or fall is no longer a factor. They know the results they'll experience when they sell Bitcoin at a price above their purchase price thus achieving the substantial profits they've already experienced. Therefore they don't mind buying Bitcoin when the price is fluctuating.

Definitely "don't worry about the market conditions" joy DCA strategy offers an investor. Always waiting for price to drop before they buy is one attitude of people who wants quick gains, that doesn't mean others don't wait to buy the dip and hodl but DCA strategy doesn't care about the dip. However even when using DCA strategy an investor can double their input when there's a dip as DCA can always meet a dip.

[Stormisover]

It is very important to create an emergency fund for Bitcoin investment. As a result, an emergency fund will be useful in any emergency situation and if this emergency fund is not there, then in an emergency situation you will have to face danger. For this reason, an emergency fund should be given priority before investing so that it can be used properly when needed. And I think an emergency fund plays an important role in meeting the expenses of living.

Your overly emphasizing on giving priority to building an emergency funds before investing in Bitcoin shows how much you have failed to not been able to read in between lines of other people post from previous pages just as a newbie would have rightly be doing like reading more than teaching because if you have maybe it could have saved you from stressing this out even though anyone can be entitled to their own opinion. However, making it very simple it is much important to give priority to having a good financial/ cash flow management skills which can help you to properly manage your funds including figuring out if you have a discretionary income to invest in Bitcoin and at the same time be building your emergency funds, this is the system that will work best especially with the DCA where you can be buying with as little as you can and at the same building your emergency funds. It has been severally discussed here that all what you need is to have a discretionary income which you can dived in parts to be used in buying your Bitcoin and building up your emergency funds the same time instead of waiting to build up your emergency funds first which is reasonable.

[Loyang]

It is very important to create an emergency fund for Bitcoin investment. As a result, an emergency fund will be useful in any emergency situation and if this emergency fund is not there, then in an emergency situation you will have to face danger. For this reason, an emergency fund should be given priority before investing so that it can be used properly when needed. And I think an emergency fund plays an important role in meeting the expenses of living.

The importance of an emergency fund is very important to reach our investment goals properly. However, waiting to build an emergency fund to invest is not a good idea at all. It would be a very reasonable idea for you to build both investments and emergency funds at the same pace. You are willing to put three times your income in an emergency fund. Then it will take a long time to build your emergency fund. During this time, you can miss out on many purchases. So if you build an investment and an emergency fund at the same time, it will be a very good decision for you.

Suppose you have $ 100 discretionary income, you can put 10% of this discretionary income in an emergency fund and invest 10%, so if you build both at the same pace, then your two sides will move forward very balanced

[Graph001]

Let me tell you something, you must have strong financial stability and long financial memory before investing in Bitcoin, otherwise it is impossible to start. Once you invest, your income does not really matter, because unexpected expenses will not affect either your life or your investment. Bitcoin gives fast short term results, so patience and financial management are not necessary. Investing more money will always guarantee better improvement, even if it is beyond your capacity, and it will reduce mental stress. Financial management is optional for success, since high income alone can maintain continuity. You should never invest unless your income is already fully stable, and waiting longer will always give you better opportunities. Discretionary income is not required at the beginning, because stability must come first before any investment.

You are very wrong that people must have financial stability before investing in bitcoin. You mustn't have a stable income before investing in bitcoin what you need is discretionary income. It isn't every person's out there with stable income are investing in bitcoin. There are investors who are doing alright in their accumulation without a stable income. Stable income is not a guarantee to be successful as there are still people with stable income who still can't't figure out discretionary income for invest.  Stable income isn't a primary criteria to begin a bitcoin investment but discretionary income.

Every person in this world has money, so not every person is investing in Bitcoin. There is a lot of real evidence that people do not invest in Bitcoin just because they have money, having stable money is not that important, but having a discretionary income is important. A person who has a discretionary income is definitely suitable for investing in Bitcoin, so if you have the ability to take risks and have a discretionary income to invest in Bitcoin at the present time, it is suitable for him.
Only by following a strategy to maintain it for a long time can he increase the certainty of success, and by following the DCA method, it will become easier for him to keep Bitcoin investment for a long time.

It is not true that everyone in the world has money, yet there are still many people who struggle to afford two meals a day. There are many who do not have a place to live, let alone other necessities.

Yes, but you can say that many people do not think about investing in Bitcoin despite having money. Of course, there is nothing to blame them for this because it is entirely up to them. They have to decide when, where and how they spend their money. You or I can only give them opinions but we cannot force our decisions on them.

[Hewlet]

Suppose you have $ 100 discretionary income, you can put 10% of this discretionary income in an emergency fund and invest 10%, so if you build both at the same pace, then your two sides will move forward very balanced

If it's your discretionary  income you're talking of, what you can do for a $100 discretionary income will be to save up at least 10% for emergency needs and use like 50% or above of it for your investment. If you're not willing to do that, the challenge you will face is that you will take too long a time before you will be able to build up a good amount of bitcoin stack.

Most times we talk about investing with a small percentage of our income as though we have zero trust that bitcoin will still get bullish in the long run. While being safe regarding the amount one is using in investing is a good thing, being overly careful will lead to investing with so small an amount that will end up getting stagnated if care is not taken.

[Sim_card]

It is very important to create an emergency fund for Bitcoin investment. As a result, an emergency fund will be useful in any emergency situation and if this emergency fund is not there, then in an emergency situation you will have to face danger. For this reason, an emergency fund should be given priority before investing so that it can be used properly when needed.

In addition to what others have said above, I think that you are giving priority to the wrong one. Yiur bitcoin investment should be your first priority before your emergency funds because you are a no coiner and needs to get the fuck out of being a no coiner to low coiner by investing right away without an emergency funds.

Bitcoin is an asset that increases in value overtime and fiat which is your emergency funds loses its purchasing power overtime. This is the main reason why you need to focus on buying bitcoin first before thinking of building your emergency funds. To build an emergency funds of at least three months of your monthly expenses can take up to one year and above, waiting during those periods will be a big setback to your bitcoin investment because as you are waiting, the price of bitcoin is increasing and you are missing out the opportunity in the market which you should use to be building your bitcoin portfolio for the future.

What are you backing up when you don't have a bitcoin investment, it doesn't look smart to me. You can share your discretionary income into three parts. 40% for your bitcoin investment, 40% for your emergency funds and 20% for your discretionary consumption. That will give you a proper balance between your bitcoin investment and your emergency funds.

You are not entering into bitcoin for mouth sake but for the sake of piling up wealth for your future through investing in bitcoin which is the main reason why you should focus on accumulating as many bitcoin as possible for 4-10 years and above till you reach your bitcoin target because it's the size of your bitcoin portfolio that will determine your profits in future and not your emergency funds.

[/quote]
And I think an emergency fund plays an important role in meeting the expenses of living.
[/quote]No emergency funds is needed to take care of unexpected circumstances that will befall you during your bitcoin accumulation so that you don't dip hands into your bitcoin investment when it's not of your own will.

[Cossyblack]

It is very important to create an emergency fund for Bitcoin investment. As a result, an emergency fund will be useful in any emergency situation and if this emergency fund is not there, then in an emergency situation you will have to face danger. For this reason, an emergency fund should be given priority before investing so that it can be used properly when needed. And I think an emergency fund plays an important role in meeting the expenses of living.

You don't wait until you create a create an emergency fund before investing in bitcoin,building your investments and your emergency fund should be given equal priority as both are very important. It is important to build both your emergency fund and investment simultaneously as it is the right to be done. This would create balance in your accumulation and Keep your investment safe when there is Emergencies.  

[8rch7]

Emergency funds is important, but its not compulsory that you must have it before you start your investment, no. What you only need basically to start up your Bitcoin investment is your discretionary income. Once you have been able to figure out your discretionary income, then you can begin your investment right away. As you keep investing, you can gradually build up your emergency funds and other back up funds from your discretionary income.

Waiting to build an emergency funds or prioritising your emergency funds Ans it's availability before starting your investment will keep you away from starting your investment, and of course, time waits for nobody. So it's better you start right away if you have your discretionary income.

Yeah, having emergency fund is most important part how to prepare unpredictable thing happen to us but allocate emergency fund for investing not bad ideas because we can sell bitcoin later if there is a sudden or urgent need. For emergency moment can't predicting happen one month or one year later until two years later but moving the emergency fund in bitcoin make us possibility increase the values of bitcoin assets.

Priority allocating money for emergency fund make us hold moment for investing in bitcoin and I think bad moment, we can't get the opportunity buy bitcoin at lower price exactly right now under $100k and moving awhile the emergency fund to invest in bitcoin. You can sell bitcoin later if any urgent needed.