JJG’s Outline of Bitcoin Investment Ideas

[Jamestown70]

I understand that we may well presume that some folks struggle to make sure that they are not investing with money that is beyond their discretionary funds, yet I am not sure why we would presume that a guy would be sloppy enough to invest beyond his discretionary funds, because so many times, in this thread, we emphasize that guys should be using discretionary funds to buy bitcoin.  Sure, guys make mistakes and they don't necessarily know what they are doing, yet I don't see why we should presume that they are not at least trying to deploy reasonably good practices.  How does your point help anyone, if you were trying to show that some folks do not have discretionary funds, but they still try to buy bitcoin.   None of us are recommending that normies engage in that kind of conduct, right?

Don’t get me wrong JJG, I wasn’t proclaiming that folks should use money beyond their discretionary income to invest nor was i recommending anybody to engage in that kinds of conduct; i’m way too enlightened to give such a preposterous advice to a person. I was only simply trying to make an argument that the divisibilty of bitcoin(being able to buy small fractions of it) alone doesn’t equal affordability. And I made an example of an instance where somebody didn’t have any discretionary income left with them after they had taken care of their essential expenses, in that kind of scenario, it could be hard for them to even make as little as a $10 purchase because they don’t have any more disposable money left with them. So basically my comment was just about pushing back on @Agbams idea that bitcoin can’t be expensive just because people can be able to buy it in small fractions and to also point out that we can only be able to determine how affordable bitcoin is to purchase based on our financial situation and not just because we think it is cheap to buy.

Are you advocating that despite Bitcoin divisibility it doesn’t make it affordable, or if you’re to advice a newbie you will tell him the even if he is able to accumulate bitcoin bit by bit, it doesn’t make it affordable, wouldn’t that be a means of discouragement to him? I believe anyone that wants to invest in Bitcoin have determination to do so and will set out his priorities as regarding how to ascertain discretionary funds, the essence of it divisibility is to enable the average guys to be able to accumulate at his financial capacity.

Secondly, no one is advising newbies to go beyond their discretionary fund to accumulate bitcoin because we all know how it going to end.

[Btcdeybodi]

Most of the response here is contradictory each other..you should ask yourself what's emergency funds, also differentiate emergency funds from discretionary income? If you make a research to found out the dictionary meaning of both and compare them, you will know exactly what our point of discussion is all about...an investor have a target and a good investor invest what it can afford to lose..and also targets the appropriate time to invest to yield a positive return...

I was even thinking that you will lay emphasis on what emergency funds and discretionary income mean but instead you are telling people to check their meanings in dictionary. Some investment terms are not well explained in the dictionary so if you want to use the dictionary to get real meaning of investment terms then you might get it wrong. However, discretionary income is an amount that is left with you after you have sorted out your necessary bills while emergency funds is just an amount that is kept in case of unforeseen financial emergencies that may arise in the course of your investment phases. With this explanation you can see that the emergency funds is being gotten from the discretionary income because any other money that you set aside after attending to your basic needs will come from your discretionary income.

[sotelorene]

I understand that we may well presume that some folks struggle to make sure that they are not investing with money that is beyond their discretionary funds, yet I am not sure why we would presume that a guy would be sloppy enough to invest beyond his discretionary funds, because so many times, in this thread, we emphasize that guys should be using discretionary funds to buy bitcoin.  Sure, guys make mistakes and they don't necessarily know what they are doing, yet I don't see why we should presume that they are not at least trying to deploy reasonably good practices.  How does your point help anyone, if you were trying to show that some folks do not have discretionary funds, but they still try to buy bitcoin.   None of us are recommending that normies engage in that kind of conduct, right?

Don’t get me wrong JJG, I wasn’t proclaiming that folks should use money beyond their discretionary income to invest nor was i recommending anybody to engage in that kinds of conduct; i’m way too enlightened to give such a preposterous advice to a person. I was only simply trying to make an argument that the divisibilty of bitcoin(being able to buy small fractions of it) alone doesn’t equal affordability. And I made an example of an instance where somebody didn’t have any discretionary income left with them after they had taken care of their essential expenses, in that kind of scenario, it could be hard for them to even make as little as a $10 purchase because they don’t have any more disposable money left with them. So basically my comment was just about pushing back on @Agbams idea that bitcoin can’t be expensive just because people can be able to buy it in small fractions and to also point out that we can only be able to determine how affordable bitcoin is to purchase based on our financial situation and not just because we think it is cheap to buy.

Are you advocating that despite Bitcoin divisibility it doesn’t make it affordable, or if you’re to advice a newbie you will tell him the even if he is able to accumulate bitcoin bit by bit, it doesn’t make it affordable, wouldn’t that be a means of discouragement to him? I believe anyone that wants to invest in Bitcoin have determination to do so and will set out his priorities as regarding how to ascertain discretionary funds, the essence of it divisibility is to enable the average guys to be able to accumulate at his financial capacity.

Secondly, no one is advising newbies to go beyond their discretionary fund to accumulate bitcoin because we all know how it going to end.

I agree with some of your points and anyone who uses money that is beyond or outside their discretionary income to accumulate Bitcoin is not an investor but rather a trader because an investor can never used what he can not afford to lose in Bitcoin investment which is something outside their discretionary income. Anyone who is proclaiming the price of Bitcoin is high and not affordable means that the person lack knowledge about this market because the price of Bitcoin now is nothing compare to what it will look like in the future and it is very much affordable now and will continue to be...

[Popkon6]

Secondly, no one is advising newbies to go beyond their discretionary fund to accumulate bitcoin because we all know how it going to end.

I agree with some of your points and anyone who uses money that is beyond or outside their discretionary income to accumulate Bitcoin is not an investor but rather a trader because an investor can never used what he can not afford to lose in Bitcoin investment which is something outside their discretionary income. Anyone who is proclaiming the price of Bitcoin is high and not affordable means that the person lack knowledge about this market because the price of Bitcoin now is nothing compare to what it will look like in the future and it is very much affordable now and will continue to be...

Bitcoin investment definitely requires using discretionary income, those who invest in Bitcoin for long-term purposes are the only good investors. But those who invest in Bitcoin with all their money cannot sustain it for a long time, so it is best to use small amounts and invest according to the DCA method.
Because from now on, if you start your journey by investing in Bitcoin for future purposes, then your success will definitely be much higher. So Bitcoin investment should be done in this way so that it can be held in the future without fear.

[johnsaributua]

Snip.

That's true, setting up an emergency funds in our investment shouldn't be looked down in anyway,  because you will only realize you are making the worst mistakes of your life when emergency situation comes and you have no funds to settle it. Perhaps, at that point you will be forced to settle the problem from your investment holdings and I can bet you that it's not saved to your investment journey. You know one thing that is certain, real life challenges, it never announce before coming therefore making necessary arrangements ahead of time is more in our advantage and also makes us in charge of our investment and never to think of  tempering with our investment holdings even in emergency situations.

An emergency fund is crucial for those who invest because no one knows what will happen to us in the future. Therefore, I think it's impossible for those who invest without one.

Moreover, when the situation is not in accordance with what we want of course with the existence of these funds I think it is part of our salvation when our position is experiencing unexpected things happening to us so that we do not need to make the investment that we have made into material to solve the problems that we are facing therefore the emergency fund will protect our assets that we have invested in and to solve it it is enough to have these funds so we do not need to sacrifice the amount of assets that we have collected but the emergency fund will be a tool that gives us freedom in facing situations that sometimes are enveloping us so that it is quite true with your first statement that we should not underestimate the emergency fund even though sometimes we do not face problems for a long time but if a problem occurs we must prioritize these funds as something that can save us when the situation we are experiencing is in an unhealthy state.

[KeenanEl19]

Most of the response here is contradictory each other..you should ask yourself what's emergency funds, also differentiate emergency funds from discretionary income? If you make a research to found out the dictionary meaning of both and compare them, you will know exactly what our point of discussion is all about...an investor have a target and a good investor invest what it can afford to lose..and also targets the appropriate time to invest to yield a positive return...

With an emergency fund built the goal is to be on guard when we experience an urgent situation, and I think this is built with our own discretionary funds. So we set aside some money for an emergency fund this is the result of our discretionary income whose purpose is clearly to cope with an unexpected thing when we invest not even invest.

The investment itself that we do must be maintained because it is advisable to do it in the long term and emergency funds become one of the protectors for investments made so as not to be disturbed but even if this emergency fund has not been built then it does not mean having to wait for the emergency fund to be built first to invest, because I think both can be done hand in hand with the key is cash flow management and good money management.

[SPIDERMAN008]

Secondly, no one is advising newbies to go beyond their discretionary fund to accumulate bitcoin because we all know how it going to end.

I agree with some of your points and anyone who uses money that is beyond or outside their discretionary income to accumulate Bitcoin is not an investor but rather a trader because an investor can never used what he can not afford to lose in Bitcoin investment which is something outside their discretionary income. Anyone who is proclaiming the price of Bitcoin is high and not affordable means that the person lack knowledge about this market because the price of Bitcoin now is nothing compare to what it will look like in the future and it is very much affordable now and will continue to be...

Bitcoin investment definitely requires using discretionary income, those who invest in Bitcoin for long-term purposes are the only good investors. But those who invest in Bitcoin with all their money cannot sustain it for a long time, so it is best to use small amounts and invest according to the DCA method.
Because from now on, if you start your journey by investing in Bitcoin for future purposes, then your success will definitely be much higher. So Bitcoin investment should be done in this way so that it can be held in the future without fear.

Nobody should never invest in Bitcoin with money outside of discretionary income. For those who are initially afraid to invest in Bitcoin despite having a high amount of discretionary income or want to take Bitcoin for experiment purpose due to lack of knowledge, then investing in Bitcoin with a low amount may be a good way. In this case, he will not feel much pressure during the investment. Moreover, as he gains knowledge, his confidence in Bitcoin will increase. With confidence, he will be able to increase the DCA amount according to his discretionary income.

And if he invests in Bitcoin and holds it for a long time, the chances of success increase. Trading Bitcoin in the short term is as uncertain as gambling. So if you are thinking of making a profit from Bitcoin, then you must have a mindset of holding it for the long term and plan accordingly. If you want to get rich overnight, the losses will be greater than the gains.

[impulse709]

Secondly, no one is advising newbies to go beyond their discretionary fund to accumulate bitcoin because we all know how it going to end.

I agree with some of your points and anyone who uses money that is beyond or outside their discretionary income to accumulate Bitcoin is not an investor but rather a trader because an investor can never used what he can not afford to lose in Bitcoin investment which is something outside their discretionary income. Anyone who is proclaiming the price of Bitcoin is high and not affordable means that the person lack knowledge about this market because the price of Bitcoin now is nothing compare to what it will look like in the future and it is very much affordable now and will continue to be...

Bitcoin investment definitely requires using discretionary income, those who invest in Bitcoin for long-term purposes are the only good investors. But those who invest in Bitcoin with all their money cannot sustain it for a long time, so it is best to use small amounts and invest according to the DCA method.
Because from now on, if you start your journey by investing in Bitcoin for future purposes, then your success will definitely be much higher. So Bitcoin investment should be done in this way so that it can be held in the future without fear.

I understand that it is discretionary income that is the cornerstone of a good Bitcoin investment plan. Putting money into your bank account where it is needed for a day to day basis or for emergencies is only going to bring needless stress and the risk of selling in the downturn. The advantage of DCA is that it eliminates the stress of timing the market and that it allows people to slowly build up their position. Meanwhile, all people must invest as per their financial ability. It's consistency that's most important, not how much money was poured in, and patience pays off much greater than unnecessary risk.

[Abbatty]

Nobody should never invest in Bitcoin with money outside of discretionary income. For those who are initially afraid to invest in Bitcoin despite having a high amount of discretionary income or want to take Bitcoin for experiment purpose due to lack of knowledge, then investing in Bitcoin with a low amount may be a good way. In this case, he will not feel much pressure during the investment. Moreover, as he gains knowledge, his confidence in Bitcoin will increase. With confidence, he will be able to increase the DCA amount according to his discretionary income.

And if he invests in Bitcoin and holds it for a long time, the chances of success increase. Trading Bitcoin in the short term is as uncertain as gambling. So if you are thinking of making a profit from Bitcoin, then you must have a mindset of holding it for the long term and plan accordingly. If you want to get rich overnight, the losses will be greater than the gains.

If said it all well until you made that statement, we shouldn’t forget bitcoin Is a volatile assets and nothing is certain no matter how long we hold. Holding for a long time only put you in the right direction but profit making it not guaranteed. You see when investing in Bitcoin it is very right to consider it as creating something for your future rather than profit making.

Even if you hold for a long time, if your you sole purpose is to make profit there is a possibility that you might make a wrong move because your emotions might get the better of you.

Invest with your discretionary income, invest for better tomorrow. Make bitcoin a priority.

[Queen uloma]

I understand that we may well presume that some folks struggle to make sure that they are not investing with money that is beyond their discretionary funds, yet I am not sure why we would presume that a guy would be sloppy enough to invest beyond his discretionary funds, because so many times, in this thread, we emphasize that guys should be using discretionary funds to buy bitcoin.  Sure, guys make mistakes and they don't necessarily know what they are doing, yet I don't see why we should presume that they are not at least trying to deploy reasonably good practices.  How does your point help anyone, if you were trying to show that some folks do not have discretionary funds, but they still try to buy bitcoin.   None of us are recommending that normies engage in that kind of conduct, right?

Don’t get me wrong JJG, I wasn’t proclaiming that folks should use money beyond their discretionary income to invest nor was i recommending anybody to engage in that kinds of conduct; i’m way too enlightened to give such a preposterous advice to a person. I was only simply trying to make an argument that the divisibilty of bitcoin(being able to buy small fractions of it) alone doesn’t equal affordability. And I made an example of an instance where somebody didn’t have any discretionary income left with them after they had taken care of their essential expenses, in that kind of scenario, it could be hard for them to even make as little as a $10 purchase because they don’t have any more disposable money left with them. So basically my comment was just about pushing back on @Agbams idea that bitcoin can’t be expensive just because people can be able to buy it in small fractions and to also point out that we can only be able to determine how affordable bitcoin is to purchase based on our financial situation and not just because we think it is cheap to buy.

Are you advocating that despite Bitcoin divisibility it doesn’t make it affordable, or if you’re to advice a newbie you will tell him the even if he is able to accumulate bitcoin bit by bit, it doesn’t make it affordable, wouldn’t that be a means of discouragement to him? I believe anyone that wants to invest in Bitcoin have determination to do so and will set out his priorities as regarding how to ascertain discretionary funds, the essence of it divisibility is to enable the average guys to be able to accumulate at his financial capacity.

Secondly, no one is advising newbies to go beyond their discretionary fund to accumulate bitcoin because we all know how it going to end.

I agree with some of your points and anyone who uses money that is beyond or outside their discretionary income to accumulate Bitcoin is not an investor but rather a trader because an investor can never used what he can not afford to lose in Bitcoin investment which is something outside their discretionary income. Anyone who is proclaiming the price of Bitcoin is high and not affordable means that the person lack knowledge about this market because the price of Bitcoin now is nothing compare to what it will look like in the future and it is very much affordable now and will continue to be...

I agree with you, anyone who use more than their discretionary income to buy bitcoin is not a good investor, instead the person can be seen as a trader. A true investor will not make the mistake of investing money that he can’t afford to lose in bitcoin because bitcoin price is volatile in nature. And for those  who complain that bitcoin is now costly and it’s no longer affordable for everyone, I believe they have not really understood Bitcoin market properly. If you view bitcoin from a long-term perspective, the current price may  look cheap compared to when many people believe where  it will reach in the future. No one says you must buy one whole bitcoin. You may buy little by little according to your financial ability. That’s why I believe that bitcoin is still affordable for people who has the right knowledge, and are patience to invest longterm.

[Rockstarguy]

I think the rich folk may not necessarily need an emergency fund and reserve fund put in place because they have rich daddy,mummy, friends and rich godfathers that they can rely on in case of emergencies. When face in a real life emergency situation they know they can call on their rich pals for supports but this isn't applicable to everyone because we are not the same, not everyone have rich pals who would back them up in an emergency situation which is why we should have our emergency fund and reserve fund put in place. Bitcoin investment is a personal journey,every investors with different capabilities which is why your emergency fund and reserve funds should be put in place. If others have refuses to build theirs because they have rich daddy and uncles doesn't mean you shouldn't build yours as well.

Because one has people around who may be of help to them should not mean one shouldn't consider having an emergency fund. The people you think you can rely on may disappoint you by not providing assistance in time when you need support.

And this is not a standard to invest in Bitcoin. As an investor, it is expected to make a good financial plan by investing with discretionary income and also to have an emergency fund. You don’t just invest haphazardly without an emergency fund just because you have people who can come through for you, because even when you think you have this advantage, anything can happen. Being financially buoyant or having financial supporters does not warrant one to invest nonchalantly.

[Biggeno]

I understand that we may well presume that some folks struggle to make sure that they are not investing with money that is beyond their discretionary funds, yet I am not sure why we would presume that a guy would be sloppy enough to invest beyond his discretionary funds, because so many times, in this thread, we emphasize that guys should be using discretionary funds to buy bitcoin.  Sure, guys make mistakes and they don't necessarily know what they are doing, yet I don't see why we should presume that they are not at least trying to deploy reasonably good practices.  How does your point help anyone, if you were trying to show that some folks do not have discretionary funds, but they still try to buy bitcoin.   None of us are recommending that normies engage in that kind of conduct, right?

Don’t get me wrong JJG, I wasn’t proclaiming that folks should use money beyond their discretionary income to invest nor was i recommending anybody to engage in that kinds of conduct; i’m way too enlightened to give such a preposterous advice to a person. I was only simply trying to make an argument that the divisibilty of bitcoin(being able to buy small fractions of it) alone doesn’t equal affordability. And I made an example of an instance where somebody didn’t have any discretionary income left with them after they had taken care of their essential expenses, in that kind of scenario, it could be hard for them to even make as little as a $10 purchase because they don’t have any more disposable money left with them. So basically my comment was just about pushing back on @Agbams idea that bitcoin can’t be expensive just because people can be able to buy it in small fractions and to also point out that we can only be able to determine how affordable bitcoin is to purchase based on our financial situation and not just because we think it is cheap to buy.

Are you advocating that despite Bitcoin divisibility it doesn’t make it affordable, or if you’re to advice a newbie you will tell him the even if he is able to accumulate bitcoin bit by bit, it doesn’t make it affordable, wouldn’t that be a means of discouragement to him? I believe anyone that wants to invest in Bitcoin have determination to do so and will set out his priorities as regarding how to ascertain discretionary funds, the essence of it divisibility is to enable the average guys to be able to accumulate at his financial capacity.

Secondly, no one is advising newbies to go beyond their discretionary fund to accumulate bitcoin because we all know how it going to end.

I agree with some of your points and anyone who uses money that is beyond or outside their discretionary income to accumulate Bitcoin is not an investor but rather a trader because an investor can never used what he can not afford to lose in Bitcoin investment which is something outside their discretionary income. Anyone who is proclaiming the price of Bitcoin is high and not affordable means that the person lack knowledge about this market because the price of Bitcoin now is nothing compare to what it will look like in the future and it is very much affordable now and will continue to be...

I agree with you, anyone who use more than their discretionary income to buy bitcoin is not a good investor, instead the person can be seen as a trader. A true investor will not make the mistake of investing money that he can’t afford to lose in bitcoin because bitcoin price is volatile in nature. And for those  who complain that bitcoin is now costly and it’s no longer affordable for everyone, I believe they have not really understood Bitcoin market properly. If you view bitcoin from a long-term perspective, the current price may  look cheap compared to when many people believe where  it will reach in the future. No one says you must buy one whole bitcoin. You may buy little by little according to your financial ability. That’s why I believe that bitcoin is still affordable for people who has the right knowledge, and are patience to invest longterm.

Using our discretionary fund in investing is one of the best approach to investment and will likely make us scale through our investment process with less worries, but then we’ll not entirely rule out the fact that there are investors who are willing to take on the risk of taking loans to invest, despite how aggressive it may sound, as long as these folk have means of paying back I don’t regard them as a bad investor.
Rather, they are taking a whole new approach towards their investment, adding to that, folk who are willing to take on loan for their investment should have backup funds equivalent to amount of loan they want to use in investing so they’ll be able to sort themselves out in the case things go south.

Secondly we won’t be so certain about the future of Bitcoin because we really can predict it outcome, making it sound as though profitability in bitcoin in the future is 100% guaranteed is is a bit off.

[ejikeme24]

I agree with you, anyone who use more than their discretionary income to buy bitcoin is not a good investor, instead the person can be seen as a trader. A true investor will not make the mistake of investing money that he can’t afford to lose in bitcoin because bitcoin price is volatile in nature. And for those  who complain that bitcoin is now costly and it’s no longer affordable for everyone, I believe they have not really understood Bitcoin market properly. If you view bitcoin from a long-term perspective, the current price may  look cheap compared to when many people believe where  it will reach in the future. No one says you must buy one whole bitcoin. You may buy little by little according to your financial ability. That’s why I believe that bitcoin is still affordable for people who has the right knowledge, and are patience to invest longterm.

In as much as I will like to agree with you on these bolded line, I also want you to know that not everyone that go beyond Thier discretionary income are traders. Of course most of these folks who invest from other funds are long term investors, It's just due to the situation they find themselves that made them to temper other funds. Have you ever been in a situation where you run out of discretionary income and your investment time table says you're to make your bitcoin purchase today, meanwhile you're expecting your income in few days time and it happens that you still have emergency funds available, what will you do in such situation;  Skip your normal routine buying of bitcoin until you get paid, or you're going to make use of the available emergency funds with the hope of replacing it when you get paid?
Of course some investors would want to make use of the available funds (emergency funds) with the hope of replacing it when they get paid, but the worst case scenario is taking out loan in such situation.

[Agbam]

If you have the passion to have bitcoin, you will create a strategies of how make the funds available...   I could remember when I bought bitcoin in 2013, I did wait until I have emergency funds before I could get a bitcoin ..what makes to buy bitcoin because I have the passion on it...their's no time or season that's perfect time to accumulate bitcoin, only if you have the foresight on bitcoin, you will buy without waiting for any season or emergency funds.

From my judgment it seems that you were prioritizing emergency funds instead of discretionary funds and how long does it take before you were able to figure out your emergency funds? Let me quickly remind you, as a low coiner who have not had Bitcoin the moment you figure out that you have discretionary income you should start investing as soon as possible then on the process of doing that, you can start building your emergency fund.  I'm saying these just for you to know that you have mixed priority from the beginning of your investment so while teaching other beginners don't tell them to wait until they figure out Thier emergency fund when there's an existing discretionary income for them to get started with their bitcoin investment.

While some of his quotes might have some misunderstandings or misconceptions but the one you made bold doesn’t , it’s just a typographical error of writing did instead of didn’t. Suggesting that he didn’t wait till he had an emergency fund before he started investing.

I think he has a point even though it comes out not so fine but if you want to invest in bitcoin having no discretionary income or emergency funds shouldn’t be a hindrance to you. If you really want to invest you’ll find ways to improve your income and sort out your discretionary for investments. (That’s the passion he’s talking about).

[Creeper0]

I think he has a point even though it comes out not so fine but if you want to invest in bitcoin having no discretionary income or emergency funds shouldn’t be a hindrance to you. If you really want to invest you’ll find ways to improve your income and sort out your discretionary for investments. (That’s the passion he’s talking about).

Sometimes this passion takes us to unique heights. I will not call it passion, rather it is a strong commitment or a strong goal. If we have a strong interest and desire to invest, then financial incapacity is not a big problem. If the goal is strong, it may not be very difficult to overcome that rivalry. It may take some time to achieve the investment capability, but if you are running towards a specific goal, it is not very difficult to achieve it.

Investment requires discretionary money and a source of discretionary income. If you work hard to achieve the goal, it is certainly possible to increase your income and create discretionary money or bring the money in hand under the discretionary fund.

[icebar]

<...>

From my judgment it seems that you were prioritizing emergency funds instead of discretionary funds and how long does it take before you were able to figure out your emergency funds? Let me quickly remind you, as a low coiner who have not had Bitcoin the moment you figure out that you have discretionary income you should start investing as soon as possible then on the process of doing that, you can start building your emergency fund.  I'm saying these just for you to know that you have mixed priority from the beginning of your investment so while teaching other beginners don't tell them to wait until they figure out Thier emergency fund when there's an existing discretionary income for them to get started with their bitcoin investment.

Most of the response here is contradictory each other..you should ask yourself what's emergency funds, also differentiate emergency funds from discretionary income? If you make a research to found out the dictionary meaning of both and compare them, you will know exactly what our point of discussion is all about...an investor have a target and a good investor invest what it can afford to lose..and also targets the appropriate time to invest to yield a positive return...

In my opinion, the argument of discretionary or emergency funds could be easily solved by adopting DCA as a strategy. I recommend consistently putting away small amounts biweekly to buy bitcoins, this takes away the pressure of a lump sum buy, you don’t have to break the bank but you’re slowly accumulating bitcoin at different market prices.

DCA is just an investment strategy. It is not a substitute for discretionary income, emergency funds, or cashflow management. The DCA strategy can be good, but what kind of money you DCA comes from is more important. No matter how much you DCA, it will not solve your discretionary income or emergency fund problem. The DCA method can actually give you the advantage of investing from a small amount of your discretionary income. But if you DCA with money that you used to pay for food, rent, family responsibilities, or emergencies, it is probably not a good strategy.

[The Founding Titan]

<...>

From my judgment it seems that you were prioritizing emergency funds instead of discretionary funds and how long does it take before you were able to figure out your emergency funds? Let me quickly remind you, as a low coiner who have not had Bitcoin the moment you figure out that you have discretionary income you should start investing as soon as possible then on the process of doing that, you can start building your emergency fund.  I'm saying these just for you to know that you have mixed priority from the beginning of your investment so while teaching other beginners don't tell them to wait until they figure out Thier emergency fund when there's an existing discretionary income for them to get started with their bitcoin investment.

Most of the response here is contradictory each other..you should ask yourself what's emergency funds, also differentiate emergency funds from discretionary income? If you make a research to found out the dictionary meaning of both and compare them, you will know exactly what our point of discussion is all about...an investor have a target and a good investor invest what it can afford to lose..and also targets the appropriate time to invest to yield a positive return...

In my opinion, the argument of discretionary or emergency funds could be easily solved by adopting DCA as a strategy. I recommend consistently putting away small amounts biweekly to buy bitcoins, this takes away the pressure of a lump sum buy, you don’t have to break the bank but you’re slowly accumulating bitcoin at different market prices.

DCA is just an investment strategy. It is not a substitute for discretionary income, emergency funds, or cashflow management. The DCA strategy can be good, but what kind of money you DCA comes from is more important. No matter how much you DCA, it will not solve your discretionary income or emergency fund problem. The DCA method can actually give you the advantage of investing from a small amount of your discretionary income. But if you DCA with money that you used to pay for food, rent, family responsibilities, or emergencies, it is probably not a good strategy.

If s person decides not to invest with their discretionary income, using the DCA won't do them any good, the first thing about bitcoin investment is that it should be done with our discretionary income, the strategy comes after that, once thst first rule isn't obeyed then pushing forward with claiming that the DCA will work is wrong, if an investor isn't investing with their discretionary income then whatever strategy they are using no longer matters, it will crumble.

[liuka]

If s person decides not to invest with their discretionary income, using the DCA won't do them any good, the first thing about bitcoin investment is that it should be done with our discretionary income, the strategy comes after that, once thst first rule isn't obeyed then pushing forward with claiming that the DCA will work is wrong, if an investor isn't investing with their discretionary income then whatever strategy they are using no longer matters, it will crumble.

Every investor should understand that their Investments are made with discretionary income, meaning the money is not their living expenses, Or what we know as cold money. This is important to note because Investing in Bitcoin is a long term investment, So regular weekly bitcoin purchases are made with discretionary Income.

With discretionary income, We can purchase Bitcoin using various Strategies that are convenient for us, such as dca, Lump sum, or aggressive Buying. Therefore, Investors must know how much funds to allocate to buying Bitcoin, Whether it's 5% or 10%, as long as it doesn't interfere with their daily living expenses.

[Proty]

Secondly, no one is advising newbies to go beyond their discretionary fund to accumulate bitcoin because we all know how it going to end.

I agree with some of your points and anyone who uses money that is beyond or outside their discretionary income to accumulate Bitcoin is not an investor but rather a trader because an investor can never used what he can not afford to lose in Bitcoin investment which is something outside their discretionary income. Anyone who is proclaiming the price of Bitcoin is high and not affordable means that the person lack knowledge about this market because the price of Bitcoin now is nothing compare to what it will look like in the future and it is very much affordable now and will continue to be...

Bitcoin investment definitely requires using discretionary income, those who invest in Bitcoin for long-term purposes are the only good investors. But those who invest in Bitcoin with all their money cannot sustain it for a long time, so it is best to use small amounts and invest according to the DCA method.
Because from now on, if you start your journey by investing in Bitcoin for future purposes, then your success will definitely be much higher. So Bitcoin investment should be done in this way so that it can be held in the future without fear.

It is not just about using smaller amounts to do DCA . The most important thing here is if this small amount is the person discretionary income, then they are good to invest it in bitcoin. However, if it happens that this money no matter how small it maybe is not discretionary income shouldn't be used for accumulating bitcoin. Therefore, using money that is not discretionary income for investing in bitcoin no matter how small the amount maybe is same as trading or gambling with bitcoin.