Buy the DIP, and HODL!

[cyberninja2]

...

Actually, a part of your discretionary fund goes into building of your emergency fund which you'll be needing if there's an emergency situation. Your discretionary income is the remaining income after you've taken care of your expenses and from this income you invest, build backup funds and keep some for discretionary consumption. It's not money meant for your expenses that you use for emergency situations, it's the emergency fund which you built alongside investing into Bitcoin from the same discretionary income that responds to emergencies to protect your portfolio from being tampered to solve emergencies when they surface. This is why it's advisable to build your emergency fund while investing until it's at least 3 months of your expenses so that you'll have enough cash cushion to tackle emergencies when they occur.

Yes, we can allocate emergency funds during our investment journey. There's no need to rush to plan everything perfectly, invest first so we understand what percentage to allocate to we emergency fund, your reserve fund.

Investing with discretionary income is a less stressful investment because the money we using isn't for daily needs. To balance and address any unexpected events during the accumulation period, We set aside a portion for our emergency Fund.

More precisely we only focus on investing first until a substantial amount has accumulated. This shows that our consistency in investing is more optimal than juggling both investing and planning for other things. This can sometimes lead to a lack of consistency ultimately leading to failure in our desired endeavors. If we focus on one direction first, for example accumulating funds for investments the results might be more optimal. Going forward we only think about our plans after we've completed our first direction. This clearly means we're doing things without rushing.

That's right. This is what most people want because investing with additional income is something that is really needed by all parties including me because this is how we invest without having a burden or not making us easily stressed because we are more relaxed in doing it because we invest and also have additional income that we have like a businessman who is in the process of increasing his goods or sales so that the person has a family who provides capital so that with the capital provided by the family it makes the person more practical in making additions to his goods likewise in investing if an incident like this happens to us maybe we are calmer and safer in making investments because the investments we make have additions that are given to us as additional income in making the investments we are making.

[TaviraCoinX]

Even though we’ll be needing money to invest in bitcoin, it is important to also know that you need to make sure that such money is your discretionary income and not just because you feel you have money and you want to use it to invest in bitcoin. You have to figure out a discretionary income by sorting out your basic expenses first, and then the cash left with you after sorting out basic expenses is the discretionary income which you’ll be needing to invest in bitcoin. Not everyone who have money can invest in bitcoin because they are unable to figure out a discretionary income from it to use for bitcoin investment.

After meeting your daily needs, you are interested in investing, because in the long run, investing is profitable for you, you cannot ignore the basic needs of your family. After ensuring these, invest from your remaining money and also create an emergency fund, so that you do not have to break your investment if you face unexpected dangers. As you gradually increase your investment, on the one hand, your portfolio will grow, on the other hand, you will also move towards your experience.

[Barikui1]

Yes, we can allocate emergency funds during our investment journey. There's no need to rush to plan everything perfectly, invest first so we understand what percentage to allocate to we emergency fund, your reserve fund.

When it comes to allocation, I think that it should be done from the beginning, the moment you you figure out your discretionary income, because since you are investing and putting down your emergency and reserve funds alongside it, what you should do is to allocate a percentage from your discretionary income for investing, a percentage for emergency and reserve funds, and a percentage for discretionary income for consumption the moment you have come to the conclusion that you are investing with your discretionary income at your disposal, not by investing first, before making allocation on how the rest of your discretionary income will be spent.

[Alonso_]

Discretionary funds are funds that are not needed by you even if there is an emergency situation, that is why it called a discretionary funds money that you can let go easily even if you lose it in the process of invest. Money that will not have too much effect on you at the event of lose.

Actually, a part of your discretionary fund goes into building of your emergency fund which you'll be needing if there's an emergency situation. Your discretionary income is the remaining income after you've taken care of your expenses and from this income you invest, build backup funds and keep some for discretionary consumption. It's not money meant for your expenses that you use for emergency situations, it's the emergency fund which you built alongside investing into Bitcoin from the same discretionary income that responds to emergencies to protect your portfolio from being tampered to solve emergencies when they surface. This is why it's advisable to build your emergency fund while investing until it's at least 3 months of your expenses so that you'll have enough cash cushion to tackle emergencies when they occur.

Yes, we can allocate emergency funds during our investment journey. There's no need to rush to plan everything perfectly, invest first so we understand what percentage to allocate to we emergency fund, your reserve fund.

Investing with discretionary income is a less stressful investment because the money we using isn't for daily needs. To balance and address any unexpected events during the accumulation period, We set aside a portion for our emergency Fund.

Personally having an emergency funds is very important, because it would obviously serve as a good way of sustaining our investments, but it’s not mandatory that you should have an emergency funds immediately as you start with your bitcoin investment, it’s always advisable that you give yourself sometime to keep buying and accumulating bitcoin in a long term.

Discretionary funds is the best money we should be investing in bitcoin, considering that we have expenses that we should be taking care of in a long term investment, this are tools that makes our investments last longer than expected in a long term investment.

[johnsaributua]

When it comes to allocation, I think that it should be done from the beginning, the moment you you figure out your discretionary income, because since you are investing and putting down your emergency and reserve funds alongside it, what you should do is to allocate a percentage from your discretionary income for investing, a percentage for emergency and reserve funds, and a percentage for discretionary income for consumption the moment you have come to the conclusion that you are investing with your discretionary income at your disposal, not by investing first, before making allocation on how the rest of your discretionary income will be spent.

Your goal in saying this is only to be able or sufficient for all needs so that in my opinion this is quite good in carrying out equality with the results that we get for example we have a salary of around $ 80,000 so in that $ 80,000 we have to be really careful in carrying out equality so that there are no disputes between this and that which in the end everything we do always fails because of a lack of understanding how to equalize the things we do so it is very necessary to be careful when getting results with the aim of staying safe in doing all the things that we are doing or are running in allocating the income we earn which makes us calmer in carrying out equality for all needs.

[KeenanEl19]

Yes, we can allocate emergency funds during our investment journey. There's no need to rush to plan everything perfectly, invest first so we understand what percentage to allocate to we emergency fund, your reserve fund.

When it comes to allocation, I think that it should be done from the beginning, the moment you you figure out your discretionary income, because since you are investing and putting down your emergency and reserve funds alongside it, what you should do is to allocate a percentage from your discretionary income for investing, a percentage for emergency and reserve funds, and a percentage for discretionary income for consumption the moment you have come to the conclusion that you are investing with your discretionary income at your disposal, not by investing first, before making allocation on how the rest of your discretionary income will be spent.

I conclude that what you’re saying boils down to money management, and yes this is certainly important because no matter how much income we have if we can’t manage it properly that money might just slip away without us even realizing where it went. However, with good money management we’ll use it wisely including allocating it to various needs such as investments we’re interested in or have already made.

And of course, it’s better to invest using discretionary income by setting a specific amount and sticking to it consistently, this is one approach that anyone including beginners can adopt when investing.

[Solokan]

In as much as it is wrong to wait for dips, it is also not a bad Idea buying dips but this must not affect our regular budget for DCA. One can still build his reserved funds alongside his bitcoin accumulation. There are buying opportunities that could present itself up which an investor may want to benefit from and accumulate his bitcoin aggressively but he cannot do it by waiting or reducing his DCA allocation.

It's true that waiting for BTC to drop to buy is not a good idea if we intend to invest long-term in BTC. However, there's certainly no harm in buying BTC when the price is dropping, as BTC's fluctuating price will inevitably lead to this and will be experienced by those accumulating BTC, for example, using the Direct Cash Flow (DCA) technique.

Yes, in DCA, you certainly need to be disciplined as usual, and of course, avoid buying BTC, which could lead to your DCA becoming undisciplined. Of course, you need to be disciplined in all aspects, including the use of reserve funds. If we apply discipline, the BTC accumulation process will feel comfortable. As long as we hold BTC for the long term, we will reap good results.

[Tongley]

When it comes to allocation, I think that it should be done from the beginning, the moment you you figure out your discretionary income, because since you are investing and putting down your emergency and reserve funds alongside it, what you should do is to allocate a percentage from your discretionary income for investing, a percentage for emergency and reserve funds, and a percentage for discretionary income for consumption the moment you have come to the conclusion that you are investing with your discretionary income at your disposal, not by investing first, before making allocation on how the rest of your discretionary income will be spent.

Your goal in saying this is only to be able or sufficient for all needs so that in my opinion this is quite good in carrying out equality with the results that we get for example we have a salary of around $ 80,000 so in that $ 80,000 we have to be really careful in carrying out equality so that there are no disputes between this and that which in the end everything we do always fails because of a lack of understanding how to equalize the things we do so it is very necessary to be careful when getting results with the aim of staying safe in doing all the things that we are doing or are running in allocating the income we earn which makes us calmer in carrying out equality for all needs.

How do you mean by establishing equality? Because by establishing equality, I think that everyone should get an equal share. For example, if we talk about law, there should be the same law for everyone. If you think that 50$ for investment and 50$ for family needs, etc., if you establish equality, then this method is not a good decision at all.

We need to find a source of discretionary income by excluding all expenses from our income source through proper financial management and then invest. First, we need to pay attention to our expenses. Because when we first set aside money for investment, then maybe there may be necessary money in the money kept for investment. So we always need to pay more attention to our expenses first.

[liasbaa]

Yes, we can allocate emergency funds during our investment journey. There's no need to rush to plan everything perfectly, invest first so we understand what percentage to allocate to we emergency fund, your reserve fund.

When it comes to allocation, I think that it should be done from the beginning, the moment you you figure out your discretionary income, because since you are investing and putting down your emergency and reserve funds alongside it, what you should do is to allocate a percentage from your discretionary income for investing, a percentage for emergency and reserve funds, and a percentage for discretionary income for consumption the moment you have come to the conclusion that you are investing with your discretionary income at your disposal, not by investing first, before making allocation on how the rest of your discretionary income will be spent.

If you can maintain discipline in managing your funds for long-term Bitcoin investment, you can reach a good investment level in a short time. If you are in the long term DCA method, you have to face many obstacles. Sometimes there may be an emergency like a physical accident or loss of job or a serious illness of a family member. In this situation, it is important to maintain your Bitcoin holdings without interfering with them.

If there is no emergency fund or reserve fund at the beginning of the investment, it will be necessary to apply proper fund management through discretionary income. I have heard some new investors say that they will create an emergency fund before starting to accumulate Bitcoin. They have a plan to jump in fully prepared for long term Bitcoin savings. I think that the majority of the discretionary income for Bitcoin accumulation can be allocated maybe 60%. The remaining percentage can be kept available for creating an emergency fund and another 20% for cash flow or for additional expenses.

[Crakryptvest]

Discretionary funds are funds that are not needed by you even if there is an emergency situation, that is why it called a discretionary funds money that you can let go easily even if you lose it in the process of invest. Money that will not have too much effect on you at the event of lose.

You made a good explanation on what emergency funds is but still some people tends to find it difficult to figure their discreationary income out, and beginning to notice that it is where most people get it wrong, I have had some discussions with some persons that had interest in investing in Bitcoin recently, along the line I found out that some of them thinks that they are suppose to have large amounts ready before they can invest in Bitcoin but with what I have learnt so far, I was able to put them through that they can actually invest with their discreationary income and I went ahead to tell them how they can figure it out and after they discussion they were able to understand that they can invest without having any problems, many persons are just ignorant of how to do things.

[Xackie]

Discretionary funds are funds that are not needed by you even if there is an emergency situation, that is why it called a discretionary funds money that you can let go easily even if you lose it in the process of invest. Money that will not have too much effect on you at the event of lose.

You made a good explanation on what emergency funds is but still some people tends to find it difficult to figure their discreationary income out, and beginning to notice that it is where most people get it wrong, I have had some discussions with some persons that had interest in investing in Bitcoin recently, along the line I found out that some of them thinks that they are suppose to have large amounts ready before they can invest in Bitcoin but with what I have learnt so far, I was able to put them through that they can actually invest with their discreationary income and I went ahead to tell them how they can figure it out and after they discussion they were able to understand that they can invest without having any problems, many persons are just ignorant of how to do things.

That kind of thinking is normal especially for Newbies and you've done well for enlightening him properly. I have been in that situation before. Most haven't invested before so when they see Bitcoin current price, they always feel that is expensive that using small amounts won't make any difference. Because of this they will keep waiting until they have big amount to invest with. So they just need someone who is already into Bitcoin investments to guide them properly or if they have no one to guide they can go to the Internet and make some basic research about investing.  Without the right understanding alot of newbie will just invest blindly with money that is important to them. This often leads to panic selling when unexpected expenses come up.

[Finebone]

Discretionary funds are funds that are not needed by you even if there is an emergency situation, that is why it called a discretionary funds  

This statement is wrong, and it's actually misleading to those that will take it serious, but if you care to know, discretionary income is the money that is left, after all your basic needs have been met, but why we are adviced to invest only from our discretionary income is that, since it's that funds that is left after taking proper care of your and your basic needs, you wouldn't be affected emotionally if your investment did not go as planned. So it's mainly used for emotional security, because you can actually do away with it if your investment didn't go as planned.

[Cryptoprincess101]

Discretionary funds are funds that are not needed by you even if there is an emergency situation, that is why it called a discretionary funds money that you can let go easily even if you lose it in the process of invest. Money that will not have too much effect on you at the event of lose.

Emergency funds come from our discretionary income so it will be wrong to say that it is an amount that is not needed in times of emergency needs. Every amount you use for investment and managing it will come from your discretionary income. It is from your discretionary income that you get your reserved funds and your emergency funds after you have settled your immediate needs with your main income.

[LodBtcFast55]

Another question is when will prices drop? Even if it’s unlikely to happen in the long run and that might lead us to avoid investing altogether the right approach is to start when we’re fully prepared in every way, such as having a solid understanding of the market and a stable budget. While it’s certainly a good time to buy when prices drop, we can’t be sure when that will happen.

It’s better to do it as soon as possible rather than procrastinate on the other hand while there are things to consider, it seems this can be done simultaneously and it also serves as proof that we can manage our finances well.

I don't think one must consider getting a full preparation of everything, everything must not be perfect first if we believe that the learning process is a continuous process including understanding the market and that of your budgets and much more can be learnt when you have already taken the bold step of getting involve in the market, starting right away with the DCA when there is an available discretionary income is of the best approach as you don't need to be fully prepared and get everything perfectly first while you learn other things on your way up.

Yes, of course, you don't have to be ready for everything perfectly, for example in knowledge that must be perfect completely, then this takes a long time in my opinion, even when we learn something, it is not certain that we will immediately understand it, so there is a chance that we will repeatedly learn it to understand it perfectly, as a result, this will only buy time, so I think we can start as soon as possible. By using discretionary income and using the DCA (Dollar Cost Averaging) strategy.

And as I mentioned earlier, we can learn it while doing it so there is theory gained and there is practice done. In addition, the reason why it is recommended to use the DCA (Dollar Cost Averaging) strategy is because it is suitable for beginners or experienced ones. So anyone can apply it.

The DCA strategy is a great one for all, time not only keeps moving but it changes many things like the price changes from the past to the present, the price of Bitcoin is volatile, you will be more stressed when you find the right time to invest, but you will also miss the opportunities at hand,

[Saltysugar99]

Discretionary funds are funds that are not needed by you even if there is an emergency situation, that is why it called a discretionary funds money that you can let go easily even if you lose it in the process of invest. Money that will not have too much effect on you at the event of lose.

You made a good explanation on what emergency funds is but still some people tends to find it difficult to figure their discreationary income out, and beginning to notice that it is where most people get it wrong, I have had some discussions with some persons that had interest in investing in Bitcoin recently, along the line I found out that some of them thinks that they are suppose to have large amounts ready before they can invest in Bitcoin but with what I have learnt so far, I was able to put them through that they can actually invest with their discreationary income and I went ahead to tell them how they can figure it out and after they discussion they were able to understand that they can invest without having any problems, many persons are just ignorant of how to do things.

It is not enough to just advise someone to invest with discretionary income. He should also be helped to understand exactly how much his personal discretionary income is. Although this is not a very difficult matter. Even then, if someone feels that he does not understand the matter and is interested in investing in Bitcoin, he should be helped to get the right idea. Because in the beginning, a common thing that can often be observed in such people is that they confuse wants and needs. They consider what is not a basic need as a need sometimes they want to buy Bitcoin without saving an emergency fund. These two are problems. An investor must first clearly understand his cashflow. So first, he must calculate how much his monthly income is, and how much the total expenses will be until the next income comes. After that calculation, if there is any money left, then that will be considered discretionary income. That money should be kept in a separate account. Keep something for the emergency fund, then start accumulating Bitcoin from the extra that is left. Even if the amount is small, there is no problem. The problem is to start with a large amount without understanding it, or not to start at all because you don't have a large amount. And investing in Bitcoin is not just about having more knowledge about Bitcoin. The most important thing in investing is to understand personal finance properly and do proper planning and management. A person who understands his discretionary income, gives importance to an emergency fund, and has the mindset to invest regularly, even if in small amounts, will be in a good position in the future . But a person who waits for a large amount to accumulate, in most cases, such a person cannot start investing.

[LOVER BOY 422]

Yes, we can allocate emergency funds during our investment journey. There's no need to rush to plan everything perfectly, invest first so we understand what percentage to allocate to we emergency fund, your reserve fund.

When it comes to allocation, I think that it should be done from the beginning, the moment you you figure out your discretionary income, because since you are investing and putting down your emergency and reserve funds alongside it, what you should do is to allocate a percentage from your discretionary income for investing, a percentage for emergency and reserve funds, and a percentage for discretionary income for consumption the moment you have come to the conclusion that you are investing with your discretionary income at your disposal, not by investing first, before making allocation on how the rest of your discretionary income will be spent.

If you can maintain discipline in managing your funds for long-term Bitcoin investment, you can reach a good investment level in a short time. If you are in the long term DCA method, you have to face many obstacles. Sometimes there may be an emergency like a physical accident or loss of job or a serious illness of a family member. In this situation, it is important to maintain your Bitcoin holdings without interfering with them.

If there is no emergency fund or reserve fund at the beginning of the investment, it will be necessary to apply proper fund management through discretionary income. I have heard some new investors say that they will create an emergency fund before starting to accumulate Bitcoin. They have a plan to jump in fully prepared for long term Bitcoin savings. I think that the majority of the discretionary income for Bitcoin accumulation can be allocated maybe 60%. The remaining percentage can be kept available for creating an emergency fund and another 20% for cash flow or for additional expenses.

Building an emergency funds with Bitcoin accumulation is a good and balanced decision. It helps a good investor to stay more committed to their long term investment strategy without being forced or panick to sell their holdings during a difficult financial situation challenges. Good fund management is just as vital as choosing the best investment so far, if an investor doesn't have an emergency funds during a tough situation that means the investor will definitely sell his Bitcoin, that is the more reasons why having a good emergency funds is recommended failure to store some funds as you emergency funds during difficult situations you might be tempted to sell some of your holdings.

[Umulala-alala]

In as much as it is wrong to wait for dips, it is also not a bad Idea buying dips but this must not affect our regular budget for DCA. One can still build his reserved funds alongside his bitcoin accumulation. There are buying opportunities that could present itself up which an investor may want to benefit from and accumulate his bitcoin aggressively but he cannot do it by waiting or reducing his DCA allocation.

It's true that waiting for BTC to drop to buy is not a good idea if we intend to invest long-term in BTC. However, there's certainly no harm in buying BTC when the price is dropping, as BTC's fluctuating price will inevitably lead to this and will be experienced by those accumulating BTC, for example, using the Direct Cash Flow (DCA) technique.

Yes, in DCA, you certainly need to be disciplined as usual, and of course, avoid buying BTC, which could lead to your DCA becoming undisciplined. Of course, you need to be disciplined in all aspects, including the use of reserve funds. If we apply discipline, the BTC accumulation process will feel comfortable. As long as we hold BTC for the long term, we will reap good results.

The full meaning of that dca isn't Direct cash flow as you said but dca means Dollar Cost Averaging [DCA], actually it's wrong to be waiting for the price of bitcoin to drop before buying unless for those who has reached their over accumulation and then just decides to be waiting for the dip to add more BTC but for a new investor or someone that hasn't gotten to his over accumulation it's wrong to wait for the dip when you can consistently and persistently be buying BTC with the dca strategy either weekly or monthly and hodl for 4-10 or more.

[samadam007]

If you can maintain discipline in managing your funds for long-term Bitcoin investment, you can reach a good investment level in a short time. If you are in the long term DCA method, you have to face many obstacles. Sometimes there may be an emergency like a physical accident or loss of job or a serious illness of a family member. In this situation, it is important to maintain your Bitcoin holdings without interfering with them.

“good investment level in a short time” is too optimistic. Bitcoin is volatile and meaningful gains usually take years of consistent DCA, not a short period. Be patient.
Don't rush heavy allocation before safety. It's smarter to first build a proper emergency fund (like 3-6 months of expenses) using part of your discretionary income. Only then can you allocate a sustainable portion (e.g. 30-50%, depending on your situation) to DCA. Then the rest can go to emergency fund and other needs.
Prioritize stability first, then stack sats steadily. This way you avoid forced selling and you stay in the game long term.

[xzone]

Discretionary funds are funds that are not needed by you even if there is an emergency situation, that is why it called a discretionary funds money that you can let go easily even if you lose it in the process of invest. Money that will not have too much effect on you at the event of lose.

You made a good explanation on what emergency funds is but still some people tends to find it difficult to figure their discreationary income out, and beginning to notice that it is where most people get it wrong, I have had some discussions with some persons that had interest in investing in Bitcoin recently, along the line I found out that some of them thinks that they are suppose to have large amounts ready before they can invest in Bitcoin but with what I have learnt so far, I was able to put them through that they can actually invest with their discreationary income and I went ahead to tell them how they can figure it out and after they discussion they were able to understand that they can invest without having any problems, many persons are just ignorant of how to do things.

Investing is difficult at first. Bitcoin and other cryptocurrencies are a system people aren't used to; it's not like buying things from your regular bank. It belongs to a different ecosystem, and initially, this is challenging for people. But once they get used to it, they can invest without any problems.

You don't need a lot of money to invest. What's important is the continuity of your investment; you need to regularly increase your assets.
Of course, people with more money invest more and can earn more, but that's not the most important factor

[Crytohillss]

Discretionary funds are funds that are not needed by you even if there is an emergency situation, that is why it called a discretionary funds money that you can let go easily even if you lose it in the process of invest. Money that will not have too much effect on you at the event of lose.

You made a good explanation on what emergency funds is but still some people tends to find it difficult to figure their discreationary income out, and beginning to notice that it is where most people get it wrong, I have had some discussions with some persons that had interest in investing in Bitcoin recently, along the line I found out that some of them thinks that they are suppose to have large amounts ready before they can invest in Bitcoin but with what I have learnt so far, I was able to put them through that they can actually invest with their discreationary income and I went ahead to tell them how they can figure it out and after they discussion they were able to understand that they can invest without having any problems, many persons are just ignorant of how to do things.

So persons focus on how much they want to invest and completely overlooked where that money should come from understanding discretionary is income it helps individuals to invest without putting pressure on their finances or touching money meant for their essential expenses and emergency Many people assume investing in Bitcoin or any other assets required a big amount of capital.