JJG’s Outline of Bitcoin Investment Ideas

[Umulala-alala]

Well I understand thank you for that, delaying is not a good decision, from the many delays most of them are failures especially in uncertain expectations such as a continuous decline such as a disease when bitcoin goes down always hoping to go down again, and it becomes a psychological disease that must be treated.
 
Or maybe what we can outsmart is like dividing the two budget funds for purchases by having funds for routine DCA and also funds for purchases at a reduced price level that is targeted or worth buying, so DCA continues and we have the strength to accumulate when a crash occurs.
But the most appropriate decision is indeed to increase income because from there we can get more discretionary money to spend, the more discretionary income the more bitcoins we can get with more money this is simpler than thinking about it.

Some folks have valid reasons why they wait, like building emergence funds
The main thing is having a good sustainable investment plan instead of making decisions that is base on fear or expectations about where the price might go next. No one can predict future movements, so it better to focus on a strategy you can maintain over the long term with discretionary funds. Bitcoin uccessful accumulation is not about trying to outsmart the market. It’s about consistency and all round discipline

Valid reasons why they wait? Sounds like excuses instead of actually doing something about it, you can invest and build up your emergency fund at the same time so using your emergency fund as an excuse not to invest isn't a valid reason so don't get it twisted, right now it's 'you can't invest unless you've set up your emergency fund' later it's going to be 'you don't need your discretionary income to invest' watch the kind of information you try to spread before you end up misleading people into making mistakes they will regret.

Not having our emergency funds should not stop us from getting started with our bitcoin investment as we can start immediately if there is any discretionary income available and as a new investor they can buying with your discretionary income and still be building up there emergency funds along the line as they are ongoingly buying bitcoin, first thing first we needed to get started with is having our discretionary income available then emergency funds follows.

[Rockson1]

Not having our emergency funds should not stop us from getting started with our bitcoin investment as we can start immediately if there is any discretionary income available and as a new investor they can buying with your discretionary income and still be building up there emergency funds along the line as they are ongoingly buying bitcoin, first thing first we needed to get started with is having our discretionary income available then emergency funds follows.

Were you trying to say a different thing.perhaps I'm got you wrong but it seems you are mixing up something, if you suggest that newbies should not be hindered to invest in Bitcoin because of unavailability of discreationary income, what then do you think they should invest in Bitcoin with? There is something you are getting wrong, whatever amount you want to start Bitcoin investment with, should come from your discreationary income, despite how small it is, it remains discreationary income, please don't get things twisted so that newbies won't misunderstand things here.

Discreationary income, Bitcoin acumulation then emergency funds comes, although it is not bad to have some funds as emergency funds before you start, in other words, it is not compulsory to have it first but whichever way is good as far as you make provision for it to serve it's purpose whenever it is needed.

[Mame89]

Not having our emergency funds should not stop us from getting started with our bitcoin investment as we can start immediately if there is any discretionary income available and as a new investor they can buying with your discretionary income and still be building up there emergency funds along the line as they are ongoingly buying bitcoin, first thing first we needed to get started with is having our discretionary income available then emergency funds follows.

Were you trying to say a different thing.perhaps I'm got you wrong but it seems you are mixing up something, if you suggest that newbies should not be hindered to invest in Bitcoin because of unavailability of discreationary income, what then do you think they should invest in Bitcoin with? There is something you are getting wrong, whatever amount you want to start Bitcoin investment with, should come from your discreationary income, despite how small it is, it remains discreationary income, please don't get things twisted so that newbies won't misunderstand things here.

Discreationary income, Bitcoin acumulation then emergency funds comes, although it is not bad to have some funds as emergency funds before you start, in other words, it is not compulsory to have it first but whichever way is good as far as you make provision for it to serve it's purpose whenever it is needed.

The bottom line is realistically for all of us, especially beginners who want to invest in Bitcoin. We must emphasize the mindset that it's not necessary to wait for a full emergency fund before buying Bitcoin. However don't sacrifice your emergency fund allocation just to buy Bitcoin.

Perhaps the safest approach is to have discretionary income so we can allocate some to an emergency fund, plus some to Bitcoin and grow both over time. We must also be aware not to invest with both our daily needs and emergency funds. The money, whether small or large should come from our disposable income, while remaining disciplined in building an emergency fund. This way, we won't be deterred from starting but we also won't take excessive risks. After all financial security remains the number one priority in any decision.

[Itz-prisigold]

I disagree with you on this taking loan to invest or purchase Bitcoin is not a bad idea per say and I think the reason for this has been stated several times and I will still like to inform you again that it is not totally or completely a bad idea to use loan money to purchase Bitcoin. If someone has a good source of income or good sources of income and maybe due to one or two reasons he is out of funds when the Dip comes, taking loan to front load won't be a bad idea because he has more than what can clear up that loan but in other hand if you don't... It will be best you don't take that risk because you will sell premature or panic.

My problem is that you're implying that if someone have a good income,  then they should definitely get a loan to buy bitcoins. Having a good income right now does not mean that your income or expenses will be the same in the future. Life turns out to be very unpredictable, and things can happen out of the blue, but the loan must be paid back.

But I don't consider a dip in the market as a good reason to begin borrowing money. If your plan depends on accumulating by borrowing when the price of Bitcoin is down,  then your accumulation plan is no longer based on discretionary income, it's based on future income that you haven't earned yet. This increases the risk of the investment.

To me, being more aggressive should be based on improving your cashflow, increasing your discretionary income, or building larger backup funds and not debt.  A dip should not be enough reason to give up an investment plan which is intended to be maintained for many years.

[Yablee0]

I agree with your point. Taking a loan to invest in Bitcoin is  for me is  a poor decision, not just for beginners but for anyone who intends to invest with a long term mindset. Borrowed money comes with repayment deadline and not always Idea for someone who want to.start Accumulating Bitcoin because a  loan turns investing into a race against time because monthly repayments continue whether the market is up or down. That is why the DCA funded by discretionary income  is a more preferable approach  because as long as investors is able to figure out their discretionary income from what they earn no matter how little it is they can start buying bitcoin with it,  rather than using borrowed money which have a monthly repayment deadline, and at times can make an investor to sell off their Bitcoin stash to offset the loan

I can understand your anger against taking of loan to invest in Bitcoin due to several negative experience in the past, yes it's quite understandable. But on the contrary i think taking of loan to invest in Bitcoin isn't completely a bad idea depending on your repayment plan. If you have plans of paying back the loan totally off your investment holdings, maybe you have other stream of income you are looking out to pay off the loan with then you are cool because Bitcoin is an investment that we aren't expecting profits anytime soon, it's mainly for the future purposes. But were comes the problem and why many investors keep having issues is when you took a loan and to worsten it all, you now have plans of paying back the loan from your investment holdings. That's a red flag and can automatically bring you back to square zero if you're not mindful. However, this can force you to sell untimely when the loan repayment date has elapse and you know what that means to your investment that is just undergoing a nurturing stage.

[liasbaa]

Not having our emergency funds should not stop us from getting started with our bitcoin investment as we can start immediately if there is any discretionary income available and as a new investor they can buying with your discretionary income and still be building up there emergency funds along the line as they are ongoingly buying bitcoin, first thing first we needed to get started with is having our discretionary income available then emergency funds follows.

To start Bitcoin accumulation you need a discretionary income/fund. There is no set amount for discretionary income. If you have $50 or more at the end of the week, set aside at least $30 in Bitcoin. Use the remaining amount to build an emergency fund and another portion for extra expenses.

There is no set time frame for when an emergency will occur and the extent of it is also unknown. You should have such an emergency fund available so that you do not have to suffer the consequences of long term Bitcoin accumulation or withdrawals from your holdings.

If you do not have a stable source of income but have extra funds available from temporary income source at the end of the week, start accumulation Bitcoin because the current price decline may not come in the future. You will not always find good investment opportunities. Accumulate Bitcoin with the amount of extra funds you have and plan for the long term.