JJG’s Outline of Bitcoin Investment Ideas

[alankasman]

I don’t think digging deeper is a problem here, some persons want adequate knowledge before starting there investment journey and is also good , but it’s also good to start investing with the little knowledge acquired before going for deeper understanding, carrying out some research is important especially for newbies, trading because of  the possibility of losing your money has lead so many persons to regret , as far as bitcoins investment is concerned, it’s just best accumulate and Hodl , that is why digging deeper can actually help, it will make one to understand better on how it works .

Digging too deeply into knowledge can also be a problem as it will certainly take a lot of time to dig deeper which will result in a longer delay in starting to invest. This can also sometimes be more busy with things that are not entirely appropriate. As you said there's nothing wrong with digging into knowledge but use the time to continue investing because we can dig up this knowledge while investing whether weekly or even monthly.

This belief is in each of us personally in making the investments we make because many people say that without deepening our knowledge of course the way to start will definitely get stuck in the middle of the road but everything has a way that must be done in a free way in investing even though our knowledge is limited but we still do it so that in doing it of course what we need to maintain so as not to lose money is our focus and consistency while someone is investing in Bitcoin that's why sometimes many people choose to dig deeper into knowledge and even then only a few people follow these matters or methods.

[Barikui1]

I don’t think digging deeper is a problem here, some persons want adequate knowledge before starting there investment journey and is also good , but it’s also good to start investing with the little knowledge acquired before going for deeper understanding, carrying out some research is important especially for newbies, trading because of  the possibility of losing your money has lead so many persons to regret , as far as bitcoins investment is concerned, it’s just best accumulate and Hodl , that is why digging deeper can actually help, it will make one to understand better on how it works .

As a new investor that is about to start his Bitcoin accumulation, digging deeper and seeking more knowledge through research shouldn't be a priority because that may delay your accumulation or your ability to start, so as long as you have the basic knowledge on Bitcoin and how to accumulate it, starting right away once you discretionary income is available is the best thing to do because you can actually seek further knowledge while at it, than waiting and wasting your time, saying that you have to know it all first before starting, because by doing so, you may not even start at all due to procrastination.

[Princess Leah]

I don’t think digging deeper is a problem here, some persons want adequate knowledge before starting there investment journey and is also good , but it’s also good to start investing with the little knowledge acquired before going for deeper understanding, carrying out some research is important especially for newbies, trading because of  the possibility of losing your money has lead so many persons to regret , as far as bitcoins investment is concerned, it’s just best accumulate and Hodl , that is why digging deeper can actually help, it will make one to understand better on how it works .

As a new investor that is about to start his Bitcoin accumulation, digging deeper and seeking more knowledge through research shouldn't be a priority because that may delay your accumulation or your ability to start, so as long as you have the basic knowledge on Bitcoin and how to accumulate it, starting right away once you discretionary income is available is the best thing to do because you can actually seek further knowledge while at it, than waiting and wasting your time, saying that you have to know it all first before starting, because by doing so, you may not even start at all due to procrastination.

Bitcoin is volatile and won't wait for anyone to finish "digging deeper" informations about it that's why it's good to start accumulating when you've got the basic knowledge about it and discretionary fund intact. The more an investor waits to gain more knowledge is the more opportunities of owning more Bitcoin the person would miss out on.

 The good thing is that the more you keep investing after having the basic knowledge is when you'll get more knowledge and ideas about Bitcoin investment. Waiting would only cause delayed opportunities of owning Bitcoin cheaper and regrets after the price might have gone higher when you're ready.

[Qhunman]

As a new investor that is about to start his Bitcoin accumulation, digging deeper and seeking more knowledge through research shouldn't be a priority because that may delay your accumulation or your ability to start, so as long as you have the basic knowledge on Bitcoin and how to accumulate it, starting right away once you discretionary income is available is the best thing to do because you can actually seek further knowledge while at it, than waiting and wasting your time, saying that you have to know it all first before starting, because by doing so, you may not even start at all due to procrastination.

You're right there is no need digging deeper to gain absolute knowledge about bitcoin because no one can know everything about bitcoin. Bitcoin bitcoin hasn't stop growing and improving so digging deeper is nonsense because at the end of it you still won't know everything about bitcoin and that would hinder you from accumulating bitcoin. If an investor keep researching bitcoin when they haven't accumulated any bitcoin they might never accumulate bitcoin at all because bitcoin knowledge is infinite. Instead of wasting time researching to know everything about bitcoin before investing in bitcoin,they should acquire basic knowledge and discretionary income first, as they invest ,their knowledge will gradually improve.

[Charcol]

<...>

That might be important for some cases (some investors) but I think when it comes to those who are just entering (just starting their investment) actually something like this is not a benchmark for me because in this case we only have to focus on our confidence first and manage our cash flow to start.

I know quite well that every investment is all about risk, so whosoever that want's to venture into investment of any kind, needs to make a research before investing, because it will not be nice to take a risky for something you dont know the preamble...

I think that at the beginning of investment, a person can start as a newbie only if he has basic knowledge and discretionary income. A person with common sense can easily separate his discretionary income from his main income. This is not difficult. It is a common thing to know how much money he is spending every month and how much money he has left over. And we need a lot of time to research Bitcoin. You cannot become experienced by just looking at the chart once or twice. To become experienced or to know Bitcoin well, you also need real experience. You cannot learn completely by just studying. The most important thing to have at the beginning of investment is a proper long-term plan. If someone does not have a long-term plan, then even an experienced investor can face losses. Therefore, it is not that if you are experienced, you will be successful. Rather, it is necessary to plan long-term and start now, so that you can get more time to hold on.And you can continue researching about Bitcoin as well.

[Joeboy]

I don’t think digging deeper is a problem here, some persons want adequate knowledge before starting there investment journey and is also good ,

Folks are very well entitled to whatever decision they think is best for their investments...
But mind you, seeking adequate knowledge before kickstarting your investment is practically a waste of time, and that's coz Bitcoin is best understood through an actual experience which is very well gotten through actual involvement ( not through digging deeper prior to starting which is in your assertion).. And dso once folks have available their discretionary income and then some basic knowledge, they could very well begin and while going they are learning and building up their understanding...

[Cyber_warrior]

Digging too deeply into knowledge can also be a problem as it will certainly take a lot of time to dig deeper which will result in a longer delay in starting to invest. This can also sometimes be more busy with things that are not entirely appropriate. As you said there's nothing wrong with digging into knowledge but use the time to continue investing because we can dig up this knowledge while investing whether weekly or even monthly.

Seeking more knowledge can only be a problem when one has discretionary income and still hesitate to invest thinking what he knows is not enough. But in the absence of discretionary income digging dip to learn can not be a problem. He's simply preparing himself ahead while sourcing discretionary income. As soon as we have discretionary income at our disposal we should put on hold our learning process and  invest immediately and continue the learning process while investing.

Folks are very well entitled to whatever decision they think is best for their investments...
But mind you, seeking adequate knowledge before kickstarting your investment is practically a waste of time, and that's coz Bitcoin is best understood through an actual experience which is very well gotten through actual involvement ( not through digging deeper prior to starting which is in your assertion).. And dso once folks have available their discretionary income and then some basic knowledge, they could very well begin and while going they are learning and building up their understanding...

You're right we better understand Bitcoin when we actually engage in it practically so digging deeper might actually be a waste of time but only if discretionary income is available and you hesitate to invest. But without discretionary income digging deeper might not be a total waste of time as no knowledge is waste.

[Rockson1]

I don’t think digging deeper is a problem here, some persons want adequate knowledge before starting there investment journey and is also good , but it’s also good to start investing with the little knowledge acquired before going for deeper understanding, carrying out some research is important especially for newbies, trading because of  the possibility of losing your money has lead so many persons to regret , as far as bitcoins investment is concerned, it’s just best accumulate and Hodl , that is why digging deeper can actually help, it will make one to understand better on how it works .

What it is the essence of digging deeper when what is required of any newbie to start their investment is basic knowledge, discreationary income and the investment starts, do you think anyone is against knowledge, I do not think that there is any of us here that said knowledge is not good but what many of us are saying why waiting to have such knowledge when you are not an investor, Bitcoin investment is not like other investment, there is no need of the delay, you just mentioned trading when we are strictly talking about the need for newbies to understand that the knowledge they seek for can be gotten when they are fully into Bitcoin investment instead of making advance research when they are not investors as such delaying themselves.
If Bitcoin investment is mainly to keep acumulating constantly and holding for a long-term as you pointed out, why then are you suggesting deeper research for newbies before the start? Don't you think that you are trying to contradict yourself here.

[Bright0515]

as far as bitcoins investment is concerned, it’s just best accumulate and Hodl , that is why digging deeper can actually help, it will make one to understand better on how it works.

Did you know that Bitcoin does not wait for you or any other folks to understand, same way time waits for no one. Every little opportunity (knowledge) and time you have got, you should use them to start accumulating Bitcoin.
As a matter of fact, going too dip to understand Bitcoin investment before starting can literally waste your time because time doesn't wait for any folks. Based on my point of view, there are still some folks that have not yet get started to invest into Bitcoin even after taking their time to learn (God knows what they are learning). So my question is, what's the use of the knowledge if you haven't or can't start accumulating even a little bit of SATs while learning.?

I know that knowledge is very good when it comes to investment. However, while investing in Bitcoin you don't need so many bunch of ideas before you start buying Bitcoin, all you just need are the basic knowledge of the investment which are know how to hold and how to buy Bitcoin. While buying Bitcoin, with time you will learn more about the market. I believe most times some folks get false hopes or let's say to confident about Bitcoin because they believed they must have gathered a lot of knowledge and ideas but the truth about Bitcoin is that no one can fully understand it. Even with the knowledge so many folks believe they have gotten about Bitcoin, they still panic immediately the price of Bitcoin starts to dip.

Lastly, much knowledge about Bitcoin can literally get some beginner confused because they are still a newbie in the investment, little knowledge even helps new investors understand the market (Bitcoin) more than the bunch of God knows what they want before they get started.

[liasbaa]

I don’t think digging deeper is a problem here, some persons want adequate knowledge before starting there investment journey and is also good , but it’s also good to start investing with the little knowledge acquired before going for deeper understanding, carrying out some research is important especially for newbies, trading because of  the possibility of losing your money has lead so many persons to regret , as far as bitcoins investment is concerned, it’s just best accumulate and Hodl , that is why digging deeper can actually help, it will make one to understand better on how it works .

As a new investor that is about to start his Bitcoin accumulation, digging deeper and seeking more knowledge through research shouldn't be a priority because that may delay your accumulation or your ability to start, so as long as you have the basic knowledge on Bitcoin and how to accumulate it, starting right away once you discretionary income is available is the best thing to do because you can actually seek further knowledge while at it, than waiting and wasting your time, saying that you have to know it all first before starting, because by doing so, you may not even start at all due to procrastination.

Your advice is sound because if a new investor wants to start investing after learning about Bitcoin completely, it may be too late. The price of Bitcoin is volatile and may increase in value by the time you learn and exceed the target price you have set. Before you start accumulating Bitcoin you need to know the basics of Bitcoin.

There are examples of investors who have allocated funds for Bitcoin and waited for the price to drop but they have spent the allocated funds elsewhere and this situation may arise in the case of most new investors. Keep the funds you have in cash and accumulate Bitcoin in a tolerable amount. Do not allocate the entire amount of funds for investment because you will decide to invest such an amount that the funds will not negatively affect your financial situation or will not be needed for your family soon.

[Supreme Donvic]

As a new investor that is about to start his Bitcoin accumulation, digging deeper and seeking more knowledge through research shouldn't be a priority because that may delay your accumulation or your ability to start, so as long as you have the basic knowledge on Bitcoin and how to accumulate it, starting right away once you discretionary income is available is the best thing to do because you can actually seek further knowledge while at it, than waiting and wasting your time, saying that you have to know it all first before starting, because by doing so, you may not even start at all due to procrastination.

You're right there is no need digging deeper to gain absolute knowledge about bitcoin because no one can know everything about bitcoin. Bitcoin bitcoin hasn't stop growing and improving so digging deeper is nonsense because at the end of it you still won't know everything about bitcoin and that would hinder you from accumulating bitcoin. If an investor keep researching bitcoin when they haven't accumulated any bitcoin they might never accumulate bitcoin at all because bitcoin knowledge is infinite. Instead of wasting time researching to know everything about bitcoin before investing in bitcoin,they should acquire basic knowledge and discretionary income first, as they invest ,their knowledge will gradually improve.

If you want to really invest in Bitcoin get into it and stop trying to give excuse by saying you want to know everything about bitcoin before you start investing if you are always saying this that means you are not serious and you don't want to invest in Bitcoin, what are the things you need to know to invest in bitcoin, is just to accumulate Bitcoin and to accumulate Bitcoin is very simple, people always give excuses and that is one thing I really don't like when you want to do something get into it and stop trying to give excuses, delay is very dangerous the faster you start the closer you get to your success.
I don't see anything that is too difficult to understand in Bitcoin investment, if you can make money by different kind of things you do then you can invest in Bitcoin I think and I believe bitcoin investment is the simplest investment in the world, it is very easy to invest in Bitcoin all you need is to have a discretionary income and you are good.

[DubemIfedigbo001]

<...>

That might be important for some cases (some investors) but I think when it comes to those who are just entering (just starting their investment) actually something like this is not a benchmark for me because in this case we only have to focus on our confidence first and manage our cash flow to start.

Will you focus on confidence for what you know or what you dont know about...I know quite well that every investment is all about risk, so whosoever that want's to venture into investment of any kind, needs to make a research before investing, because it will not be nice to take a risky for something you dont know the preamble...

This is why a basic knowledge of Bitcoin and ability to identify your discretionary income from your gross income is required to be able to invest, anyone who doesn't identify to having spare funds after removing their expenses should not invest yet so that they wouldn't be gambling instead of investing

If someone who has the experience of bitcoin investment want's to invest in bitcoin, i will advice the person to invest, because the investor has known the methods of bitcoin investment

How do you have the experience of Bitcoin if you're not already buying and holding it?
Theoretical knowledge is hardly enough for someone to have experience in Bitcoin. Knowing the methods of investing isn't having experience since experience comes from practicing and not just knowing theories. FYI it's still wrong for a newbie investor to keep waiting in order to use buying the dip strategy to accumulate Bitcoin when they've DCA there to consistently buy and hold Bitcoin and have various kinds of experiences trying to manage their cashflow better so that they keep having discretionary income to invest and build backup funds alongside their ongoing accumulation journey.

[MarjorieZimmermanGinger]

This is why a basic knowledge of Bitcoin and ability to identify your discretionary income from your gross income is required to be able to invest, anyone who doesn't identify to having spare funds after removing their expenses should not invest yet so that they wouldn't be gambling instead of investing

The knowledge required to invest in Bitcoin isn't too difficult because this asset has a much better level of resilience. Even if it experiences major corrections like the current one, there are times when Bitcoin will return to its highest price. If the investment concept is long-term, then holding and accumulation are two important things to consider, while letting Bitcoin's performance move naturally in the market. Start small and don't wait for a large amount of money to invest. What's needed is consistency, even with a small approach when buying, it's also important to consider overall discretionary income so that basic needs aren't affected when investing.

How do you have the experience of Bitcoin if you're not already buying and holding it?
Theoretical knowledge is hardly enough for someone to have experience in Bitcoin. Knowing the methods of investing isn't having experience since experience comes from practicing and not just knowing theories. FYI it's still wrong for a newbie investor to keep waiting in order to use buying the dip strategy to accumulate Bitcoin when they've DCA there to consistently buy and hold Bitcoin and have various kinds of experiences trying to manage their cashflow better so that they keep having discretionary income to invest and build backup funds alongside their ongoing accumulation journey.

Perhaps the intention is to learn based on existing theory because Bitcoin's history can be traced to understand its journey. However, it might be different for someone already involved, as they may have a much better understanding of Bitcoin's journey, both in terms of experience and preparedness. The method can be adjusted based on their financial management skills, as this way, their investments can grow significantly after managing discretionary income, emergency funds, and so on.

This aims to prevent investment from being halted due to needing money and being forced to sell their Bitcoin under certain circumstances. Therefore, the investment amount is not so important for some people just starting to build financial freedom, but rather how to consistently accumulate and hold Bitcoin according to the strategy implemented. DCA will help them achieve a much more sustainable investment so they don't have to wait for prices to fall further to buy because in situations like this, what needs to be considered is consistent buying, not the amount needed, unless they already have a large amount of capital.

[Queen uloma]

Digging too deeply into knowledge can also be a problem as it will certainly take a lot of time to dig deeper which will result in a longer delay in starting to invest. This can also sometimes be more busy with things that are not entirely appropriate. As you said there's nothing wrong with digging into knowledge but use the time to continue investing because we can dig up this knowledge while investing whether weekly or even monthly.

Seeking more knowledge can only be a problem when one has discretionary income and still hesitate to invest thinking what he knows is not enough. But in the absence of discretionary income digging dip to learn can not be a problem. He's simply preparing himself ahead while sourcing discretionary income. As soon as we have discretionary income at our disposal we should put on hold our learning process and  invest immediately and continue the learning process while investing.

Folks are very well entitled to whatever decision they think is best for their investments...
But mind you, seeking adequate knowledge before kickstarting your investment is practically a waste of time, and that's coz Bitcoin is best understood through an actual experience which is very well gotten through actual involvement ( not through digging deeper prior to starting which is in your assertion).. And dso once folks have available their discretionary income and then some basic knowledge, they could very well begin and while going they are learning and building up their understanding...

You're right we better understand Bitcoin when we actually engage in it practically so digging deeper might actually be a waste of time but only if discretionary income is available and you hesitate to invest. But without discretionary income digging deeper might not be a total waste of time as no knowledge is waste.

you can use your discretionary income to invest in bitcoin so you can be able to understand how bitcoin investment works. Practical experience will teach you more than all this reading. But if you don’t have money, that doesn’t mean that you should just fold your hands and do nothing. That’s the time you need to learn, understand how bitcoin investment works, the risks, and how the market operates. Because when money comes, you won’t enter into it like you have no clue. For me, learning isn’t a waste at all. Even if you’ve not invested before, the knowledge will prepare you ahead. once opportunity shows up you can now freely invest without fear.

[New Judgement]

All you mentioned as basic principles of Bitcoin investment is okay and is very important for an investor to hold inorder to continually invest in Bitcoin and HODL. But I want to point out that for a starter, who want to invest in Bitcoin newly, while all these are important, he can actually start or begin his investment if he is able to figure out his discretionary income. This means that he may not have well built his emergency funds, or have any back up funds, but as long as he is able to get his discretionary income ready, meaning he has settled his basic needs when his income came in, and the left over is the discretionary income, then he can invest.

Even though his income is not steady, he can invest whenever he has a Discretionary from any income that comes in, and for the emergency funds, while investing, he can gradually build up his emergency funds from the same discretionary. Since it takes some time to build up a strong and reliable emergency funds, it's okay to start investing and slowly build it up.

So what you are saying is that at the initial stage, an investor is permitted to use all his his discretionary income and buy bitcoin at the initial stage of his accumulation and when he has stack up certain amount of bitcoin, he can start saving up for emergency funds? Wouldn’t it be better if the investor setting aside little amount from that initial discretionary income he is starting his investment with and start saving up for emergencies, knowing fully well that emergencies can come up at any time right after he has started his investment.

[Frankolala]

So what you are saying is that at the initial stage, an investor is permitted to use all his his discretionary income and buy bitcoin at the initial stage of his accumulation and when he has stack up certain amount of bitcoin, he can start saving up for emergency funds? Wouldn’t it be better if the investor setting aside little amount from that initial discretionary income he is starting his investment with and start saving up for emergencies, knowing fully well that emergencies can come up at any time right after he has started his investment.

The best approach is for a new investor without any form of backup funds available before he decides to start his bitcoin investment is for him to divide his discretionary income into three equal parts. The first part should be for his weekly DCA, the second part for building his emergency funds and the last part for his discretionary consumption.

If you want to use all your discretionary income to invest in the beginning, it will be a problem because in reality ut wouldn't work since you don't need to deprive yourself from your discretionary consumption. Lastly, you need to build your emergency funds simultaneously with your bitcoin investment because you might be hit with a real life emergence one month after you have started your bitcoin investment, where will you get money from but to sell your bitcoin.

[Finebone]

So what you are saying is that at the initial stage, an investor is permitted to use all his his discretionary income and buy bitcoin at the initial stage of his accumulation and when he has stack up certain amount of bitcoin, he can start saving up for emergency funds? Wouldn’t it be better if the investor setting aside little amount from that initial discretionary income he is starting his investment with and start saving up for emergencies, knowing fully well that emergencies can come up at any time right after he has started his investment.

What most investors do not know is that emergency situation doesn't ring a bell before coming, so as a Smart Bitcoin investor that knows what he or she is doing, putting your emergency and reserve funds in place while accumulating consistently is the best, because at that point, your Bitcoin investment is not vulnerable to any emergency situation that may arise.
So I will recommend that while investing in Bitcoin from your discretionary income, you should invest with 60% of your discretionary income, 20% for emergency funds, 10% for reserve funds and the remaining 10% for consumption, because that is one aspect you can't avoid, no matter how you try.

[Muba20]

All you mentioned as basic principles of Bitcoin investment is okay and is very important for an investor to hold inorder to continually invest in Bitcoin and HODL. But I want to point out that for a starter, who want to invest in Bitcoin newly, while all these are important, he can actually start or begin his investment if he is able to figure out his discretionary income. This means that he may not have well built his emergency funds, or have any back up funds, but as long as he is able to get his discretionary income ready, meaning he has settled his basic needs when his income came in, and the left over is the discretionary income, then he can invest.

Even though his income is not steady, he can invest whenever he has a Discretionary from any income that comes in, and for the emergency funds, while investing, he can gradually build up his emergency funds from the same discretionary. Since it takes some time to build up a strong and reliable emergency funds, it's okay to start investing and slowly build it up.

So what you are saying is that at the initial stage, an investor is permitted to use all his his discretionary income and buy bitcoin at the initial stage of his accumulation and when he has stack up certain amount of bitcoin, he can start saving up for emergency funds? Wouldn’t it be better if the investor setting aside little amount from that initial discretionary income he is starting his investment with and start saving up for emergencies, knowing fully well that emergencies can come up at any time right after he has started his investment.

There is a good reason why it is not recommended to use the entire amount of discretionary income in investing in Bitcoin. If an investor invests the entire amount of discretionary income without forming an emergency fund, then he may face problems after a few days. At any time, if he has an issue of such an emergency expense, he will try to withdraw money from his holding. Moreover, if he invests the entire amount of discretionary income for a few days, then if the price of Bitcoin falls slightly, he may be very emotional at that time. He may panic due to slight volatility.

Initially, if a part of discretionary income is used for DCA for investment and some of it is saved as an emergency fund for a few months, then it is best for the investor. If the following discretionary income is invested in long-term with following DCA, it will gradually turn into a large asset and the investor will have the opportunity to build a large portfolio in Bitcoin.

[Jewan420]

So I will recommend that while investing in Bitcoin from your discretionary income, you should invest with 60% of your discretionary income, 20% for emergency funds, 10% for reserve funds and the remaining 10% for consumption, because that is one aspect you can't avoid, no matter how you try.

Your statement seems a bit confusing. If you are saving 100% of your discretionary money for a backup fund, then what will you invest with? Or are you talking about prudent money after allocating money for investment funds? If so, then you should have been more clear in your statement. While investing, we should give the most importance to our investment funds and then give importance to the necessary backup funds.

However, I think saving 3-6 months of expenses in an emergency fund will be enough, we do not need to keep regular money in the emergency fund. In this case, I think, after accumulating sufficient money in the emergency fund, a reserve fund and cash flow should be paid attention to. If sufficient money is accumulated in these two funds too, then you should give importance to your investment fund. Finally, I would advise you not to consider backup funds as investments.

[Nheer]

In fact, the basic principles of Bitcoin investing are to have a source of income, discretionary income, and an emergency fund that will allow you to invest regularly and become self-reliant.

When all three are in place, it becomes much easier to invest regularly and stay consistent but to start investing you don't necessarily have to put all in place. Discretionary income is the most important that's required before you start investing, all others can be arranged with your investment on the way.

Source of income helps to maintain a consistent accumulation while emergency funds protect your investment and keep them running for a long period of time but they don't stop you from getting started, with discretionary income available you should invest right away and worry about the others later build up the others as you go without letting them hamper you from getting started investing in bitcoin.

Fixed that for you.

For example if a person comes to bitcoin  and they have absolutely no source income.. but they have some money that they consider to be sufficiently enough to get started investing in bitcoin, and so yeah they can get started, and hopefully they are not using all of their money, since they likely have to consider their expenses and how long they are able to continue to pay for their expenses without having any source income.. so they have to make sure that they have funds to ongoingly pay their expenses, at least until the next point that they are likely to receive some additional income.

Circumstances are going to vary, and surely a persons age, living situation, life experiences, skills are all going to affect their expectations regarding future income and/or their abilities to increase income and/or cut expenses... so that they might either be able to continue to buy bitcoin or at least not have to sell any of the bitcoin that they had already bought at a time that is not completely at their own choosing.  So then each week, or whatever time interval they are considering to buy bitcoin, they have to figure out the extent to which they continue to have discretionary funds and/or if their future income/expenses situation had changed from the previous week that might change the extent of their confidence of their having sufficient discretionary funds.

I really appreciate you taking time to correct and refine that part. Your addition make my post more clearer and practical. it makes the advice more complete.

You're absolutely right, this is a more realistic approach to invest. The main idea is sustainability, where you need to consider how long the money will sustain you to invest and settle your needs when you don't have any source of income. So it means any money you have shouldn't only serve your investment purpose but also serve as your expenses for as long as you get to receive another income. Investing too aggressively without a source of income will be too careless and will affect your investment along the line. Without any source we have to keep evaluating how much we put into Bitcoin based on available discretionary funds.

So what you are saying is that at the initial stage, an investor is permitted to use all his his discretionary income and buy bitcoin at the initial stage of his accumulation and when he has stack up certain amount of bitcoin, he can start saving up for emergency funds? Wouldn’t it be better if the investor setting aside little amount from that initial discretionary income he is starting his investment with and start saving up for emergencies, knowing fully well that emergencies can come up at any time right after he has started his investment.

Of course you can use all your discretionary income to invest at the start of the investment but it all depends on the amount of discretionary money you have at hand. If the amount is enough to cover for both emergency and investing then you can do both but if it is not much to cover both then Investing is the priority. He must also consider the source of his discretionary income whether from a stable source or not. If source is not steady then he will also like to consider his expenses before allocating funds. He must make ensure expenses can be paid for continuously until when a new income will arrive. This will definitely affect how you allocate funds to the necessary places but all you do you in building an emergency fund you must make sure it doesn't affect your investment.