JJG’s Outline of Bitcoin Investment Ideas

[B-BossMan]

Bitcoin investing can be done at the same time as building back up funds, and each person is free to determine the pace at which he emphasizes one versus the other or the extent to which he might try to build them at a similar rate.

Another thing with bitcoin is that we can consider the amount that we put in versus how much the bitcoin are worth, so there may well be considerable fluctuations in the value of the bitcoin in terms of its dollar value and how much we had put into it, and surely any of us could get distracted in one direction or another in term of our figuring out which one to emphasize (the back up fund and/or the bitcoin), so I am not even suggesting that guys are going to necessarily come to reasonable determinations in regards to figuring out how to balance their building of their bitcoin and their building of various back up funds, even though they are going to need to come to those kinds of conclusions within their own determinations, and surely we have already witnessed quite a few examples of guys who are so seemingly in love with the dollar that they believe that there is some kind of value that comes from building up their dollar (or other fiat) kinds of holdings in a way that is more focused on rather than making sure to be ongoingly building their bitcoin holdings in a way that is not overly whimpy.

I agree with you that bitcoin investment can actually be done at the same time as also building a backup funds, and to some extent, that approach works more even better. Theist paramount thing is just depends on the person's discretionary income, the financial stability and the person's personal choices, people do not necessarily have to choose between building an emergency funds over buying  bitcoin because both of them can still work together or gow together gradually and perfectly. Though some set if people may decide to focus more on building his emergency funds due to having a stronger financial security before begin thier investment, while some may prefer balancing the boths at the same time buy making saves aside and consistently buying the little amount of bitcoin with thier discretionary income. We still have some people today that may decide to invest into bitcoin aggressively and still contributing or keep some savings for backup. As such non of all these approaches are wrong, it's just depends on the person's financial responsibility.

In my won perspectives. I don't think someone must completely finish building a huge emergency funds before buying even $5 bitcoin, and at the same time I do not also think, it's wiser to put all thier extra money 100% of it into bitcoin and ignoring backup funds completely, moreover the best is to just to be building backup funds slowly and also take an advantage bitcoin accumulation gradually.

[alankasman]

I understand your point, the main reason of investing in bitcoin is to build a strong financial position gradually over time. And if people too fear about the emergencies funds can sometimes discourage people from even getting start, but consistency is very necessary when it comes to bitcoin accumulation because to invest in long term gives more opportunities than staying out of the market. but my opinion is that a little level of emergency preparation is still can be useful, not because we should live in fear, but it can help investors to remain calm and avoid selling bitcoin under pressure during any difficult positions or situations, but in my cases, or from my point of view consistent accumulation with reasonable financial preparation can help the person to stay invested for a very long term and also benefit more from bitcoin.

In fact, in investing in Bitcoin we don't need to be anxious about the risks that occur because every activity carried out not only in Bitcoin investments but in other areas also has risks in fact the risks that will be experienced by someone are greater. So if we hold on to faith, of course we will be more practical in investing in Bitcoin because we must know that in this investment, of course, someone must go through various things that will happen. So for people who don't have enough mental strength I think this is part of the difficulties they will face. It's better for them not to start investing because they are still afraid of the events they will receive. In other words, someone thinks more about the risks before starting instead of immediately investing even though the provisions of the events that will occur are unpredictable because sometimes we are wrong people who will not experience what we think if they start immediately. For me this is one of the ideas that is not useful for someone because the reason is more concerned with things that do not provide benefits that make others sometimes afraid to invest in Bitcoin.

Before investing in Bitcoin most people have prepared an emergency fund. This means the emergency fund serves as a tool to assist them in investing but this is merely a precautionary measure. Sometimes the emergency fund is not used at all because the investment is currently experiencing growth. This is something that is rarely done or considered by individuals ultimately leading to delays in investing in Bitcoin.
Essentially, every time we accumulate Bitcoin we will monitor the chart movement. This is to ensure we do not make mistakes in accumulating it especially if we don't accumulate large amounts. Clearly every time we accumulate Bitcoin we must also consider the essentials for the items we spend unless we have multiple sources of income. Therefore aggressively accumulating income from multiple sources will not be a problem as we accumulate sufficient funds for investment and for the things we are responsible for covering mandatory expenses.

[Dzwaafu11]

I In my won perspectives. I don't think someone must completely finish building a huge emergency funds before buying even $5 bitcoin, and at the same time I do not also think, it's wiser to put all thier extra money 100% of it into bitcoin and ignoring backup funds completely, moreover the best is to just to be building backup funds slowly and also take an advantage bitcoin accumulation gradually.

This are all plans that if someone really want to invest in Bitcoin will actually do without too much stress or even thinking on how to get what to invest.

However, ignoring backup funds will not be a wiser idea in my own opinion. So regardless of the amount the extra money will be the wisest thing is to invest what you can afford to lose.

Don't say it's extra money that you won't use soon, so you will invest all invest what you can afford to lose.

[Grease5000]

Investments made in general will be successful in the long term, because if we do it with a short or fast period of time it leads more to trading. However, this is also a challenge in itself because it is not easy to maintain bitcoin in the long term, we must really be able to maintain it and keep it so that we don't buy it and not long we sell it back. It will be safer if we have a clear income so that our investment will not be disturbed, because the thing that can happen with the investment we do is sell it when we need money, this is where the use of emergency funds must be prepared.

I don't understand what you meant by " investment made in general will be successful in the long term" folk will only be successful In Bitcoin if they follow the principles that is required and I disagree when you said it is not easy to maintain Bitcoin for long term though it may not be rosey but if you have your discrestionary income kept in place and some other necessaries I'm sure there won't be any challenge that will tend to pull you from accumulating or touching your investment and lastly you have to be determined and focused.

In general, what I mean is to do it consistently, because in my opinion people who invest in bitcoin consistently will succeed in the long run. And not easy here what I mean is when we invest but we don't have a steady income, or lose a steady income when we have started investing even though it can actually still be maintained also depends on how consistent we are in doing it. On the other hand, if we do have enough income as you said, it's a good situation because the investment should go well.

You made a good point. For me, long-term Bitcoin investment is more about being able to hold comfortably than just buying that is one reason I stick with DCA. I just buy little by little from my discretionary income without stressing myself financially. I also believe emergency funds matter because it short out bill when unexpected expenses show up, and it also help prevent panic selling.

At the end of the day, consistency, patience, and proper money management are what really make the journey easier.

[Barikui1]

Before investing in Bitcoin most people have prepared an emergency fund. This means the emergency fund serves as a tool to assist them in investing but this is merely a precautionary measure. Sometimes the emergency fund is not used at all because the investment is currently experiencing growth.

This should be discouraged because it's not a proper way to invest in Bitcoin, because trying to put down emergency funds in place first before starting your Bitcoin investment will only delay your Bitcoin accumulation, instead it's more logical that you put down your emergency funds in place alongside your bitcoin accumulation, than focusing on putting down your emergency funds first, which will only delay your accumulation.

Secondly, your statement here looks like some investor invest with part of their emergency funds, I mean the statement I made bold in your write up. If that's the case, then it's a terrible way to go about their Bitcoin investment because the essence of emergency funds is to protect your bitcoin investment, so why using it to invest, by making your bitcoin holdings to be vulnerable to emergencies?
That's a bad way to invest in Bitcoin because such person is gambling with his Bitcoin holdings by investing with his emergency funds.

[ZeroVinsonN]

I In my won perspectives. I don't think someone must completely finish building a huge emergency funds before buying even $5 bitcoin, and at the same time I do not also think, it's wiser to put all thier extra money 100% of it into bitcoin and ignoring backup funds completely, moreover the best is to just to be building backup funds slowly and also take an advantage bitcoin accumulation gradually.

This are all plans that if someone really want to invest in Bitcoin will actually do without too much stress or even thinking on how to get what to invest.

However, ignoring backup funds will not be a wiser idea in my own opinion. So regardless of the amount the extra money will be the wisest thing is to invest what you can afford to lose.

Don't say it's extra money that you won't use soon, so you will invest all invest what you can afford to lose.

Ignoring backup funds will never be a good idea but you should also be careful to not misplace your priorities, if you already had them in place before you ultimately decided to start accumulating bitcoin then you are good but if you decided to start accumulating bitcoin and the reality hit you that you don't already have your backup funds in place you shouldn't halt on investment first because you want to set up your backup funds, you investment should take priority or better still do them together.
Your emergency fund should be the first you set up after which you can set up your reserve as well all while still accumulating bitcoin preferably with the DCA, you should only ever try to stop accumulating when you don't have the discretionary income to do do with, it shouldn't be because you think you don't have enough emergency fund yet so you want to stop investing so you can put more into your emergency fund, this is a wrong practice for an investor.

[cyberninja2]

...

I don't understand what you meant by " investment made in general will be successful in the long term" folk will only be successful In Bitcoin if they follow the principles that is required and I disagree when you said it is not easy to maintain Bitcoin for long term though it may not be rosey but if you have your discrestionary income kept in place and some other necessaries I'm sure there won't be any challenge that will tend to pull you from accumulating or touching your investment and lastly you have to be determined and focused.

In general, what I mean is to do it consistently, because in my opinion people who invest in bitcoin consistently will succeed in the long run. And not easy here what I mean is when we invest but we don't have a steady income, or lose a steady income when we have started investing even though it can actually still be maintained also depends on how consistent we are in doing it. On the other hand, if we do have enough income as you said, it's a good situation because the investment should go well.

You made a good point. For me, long-term Bitcoin investment is more about being able to hold comfortably than just buying that is one reason I stick with DCA. I just buy little by little from my discretionary income without stressing myself financially. I also believe emergency funds matter because it short out bill when unexpected expenses show up, and it also help prevent panic selling.

At the end of the day, consistency, patience, and proper money management are what really make the journey easier.

It's better to do what you do because if you rush into it it certainly won't be good. Investing even with small amounts requires us to always ensure we do it consistently and don't feel burdened by Bitcoin investment.

More clearly we must have a stage in Bitcoin investment. Why? We must also consider our income. Unless we have two activities that provide sufficient income for us to do so it won't be a significant problem. Even forcing ourselves to invest isn't a problem because we are more financially prepared so even if we invest aggressively it won't cause significant problems. This is what we cannot do and we must have stages so that we do it time by time even with a small amount but we always prioritize consistent Bitcoin investment when we generate sufficient finances and we do it without any obstacles that make our minds confused so Bitcoin investment does not need to be forced, just when there is income do it as much as we can without burdening ourselves personally who do it even though it is collected over a long time it does not matter what is important we always do it with a consistent attitude that we show because it is quite right in the final answer you said that consistency, patience, seeing the cash flow that we have is an important part of investing in Bitcoin.

[Sobz]

In my won perspectives. I don't think someone must completely finish building a huge emergency funds before buying even $5 bitcoin, and at the same time I do not also think, it's wiser to put all thier extra money 100% of it into bitcoin and ignoring backup funds completely, moreover the best is to just to be building backup funds slowly and also take an advantage bitcoin accumulation gradually.

The way people talk about emergency funds is as if they are spending so much on buying Bitcoin, as if there is no emergency, and if any challenge happens the money they are about to use to buy Bitcoin will solve their problems becauseno emergencyfund. As a beginner starting Bitcoin investment, an emergency is not a reason to avoid investing because to some people it seems that because there is no emergency fund, there is no need to invest in Bitcoin. An emergency fund can come later after a good amount of Bitcoin has been accumulated; it's something you need to plan for, and it doesn't just happen immediately when you want to start Bitcoin investment.

[Futurexxx]

. As a beginner starting Bitcoin investment, an emergency is not a reason to avoid investing because to some people it seems that because there is no emergency fund, there is no need to invest in Bitcoin. An emergency fund can come later after a good amount of Bitcoin has been accumulated; it's something you need to plan for, and it doesn't just happen immediately when you want to start Bitcoin investment.

What if an emergency happens few weeks after you just start your Bitcoin accumulation, how are you going to go about it when you have not started putting down your emergency funds in place then?
How are you going to go about it?

Your idea is wrong because you are definitely going to sell off your investment if emergency struck that period, that's is why it is advisable that as a new investor that is just starting his or her accumulation, accumulating your Bitcoin alongside your emergency funds is a lot better, than pausing any of them to focus on one, because your Bitcoin investment needs an emergency funds for security, so putting it in place alongside your bitcoin investment is the ideal way.

[DubemIfedigbo001]

That is why it is essential for someone to build small reserve funds or keep some money for emergency needs before investing. Which it will definitely help them because you won’t panic to sell your bitcoin anytime you have emergency needs. Some people invest all their money in bitcoin because of greed or fear of missing out, but when unexpected problems comes in, it is the same investment that they will run to and sell in loss. Good financial planning needs balance, which is to invest for the future but also prepare for emergencies.

You do not necessarily need to build anything before starting to invest, although I'm in support of not putting all discretionary income into investment fund on your first purchase if you doesn't have some previously saved funds, you need to hold back a little part of the money just in case.

Small reserve funds is not enough to be kept for emergencies as you continue to invest, reserve funds aren't actually dedicated to emergencies, you are putting your portfolio at risk if that is an option here. In the event an emergency demands much more than the small reserve fund, you will end up turning your portfolio into an emergency fund and tamper with it, which is wrong.
Emergency fund is very important in bitcoin accumulation journey so that it can take care of your emergencies and ensure your portfolio is preserved for the long-term. It is important to keep building your emergency fund alongside investing into bitcoin until it is equal to at least 3 months worth of your expenses.

Emergency fund should be given a good priority when building a bitcoin portfolio since its job is to act as a last option to prevent tapping into your portfolio at a time you didn't choose, I would readily agree that your investment fund should have the highest priority in the sharing of your discretionary income, but after it comes your emergency fund. You don't just keep any little money aside and call it emergency fund, emergencies are to be adequately prepared for and in good cashflow management, you build it out to a good standard(at least 3 months of your expenses). I would always suggest that investors adapt the 50:30:20 sharing formula for their discretionary income which is 50% for your investment fund which you use in buying bitcoin, 30% for your emergency fund and 20% for discretionary consumption.

It is good to know that when you have finished building your emergency fund to the standard, you can now channel its fund(30% in my example) to the investment fund and use it to increase your aggressiveness into buying bitcoin pending the time it is used and there is need to rebuild it again.

[The Founding Titan]

In many ways, when we first find out about bitcoin and/or when we first become inclined to start to build our bitcoin investment through ongoing buying, we are likely in a position to be able to start from where ever we are at as long as we can make a determination that we have discretionary funds available... so perhaps when we start we had already had a practice of keeping some quantity of back up funds in the event that our expenses were to go up and/or our income were to go down, so we may well determine how much we might need to continue to build up those back up funds in light of our adding bitcoin accumulation into the mix.

How is it possible that we can be able to keep a backup fund at the start of our investment in bitcoin? i thought that it is after investing that we will begin to plan on how to raise back up funds from our discretionary income. Remember that our back funds are also emergency funds kept for urgent needs so that we don't touch our investment while we are still accumulating. At the start of the investment, the only thing needed is the discretionary income, any other funds that will be needed to facilitate the success of the investment will be generated from the discretionary income as time goes on, which will be determined by how much is left after our expenses have been settled.

So are you saying that someone should start raising emergency funds after they start investing in Bitcoin? Remember it's a funds meant for emergency situations so even people that are yet to start investing in Bitcoin should have it intact having an emergency or back up funds doesn't necessarily require someone to be a Bitcoin investor before they have it set up.
 
 The fact that it can  be generated from the discretionary funds doesnt mean an investor has to start investing in Bitcoin before raising it, the discretionary funds is basically the funds left over after settling the essential needs and should already be available even before investors had thought of Bitcoin investment, so don't get it all missed up so you don't get confused.

This is actually something that most people miss, a person can have their backup fund long before they start accumulating bitcoin and there will be absolutely nothing wrong with that and this is because you don't need to be a bitcoin investor to have your backup funds ready because emergency will happen whether or not you are investing in bitcoin, you will still need to buy yourself that new phone you want and that weekend getaway you want will still need to be funded somehow.
But if you don't already have your backup funds ready and then you decide to start investing in bitcoin it is not smart to then put your investment on hold because you don't have your backup funds yet, as long as you have the discretionary income you can be investing in bitcoin and setting up your backup funds at the same time, after all it's not like you can just prepare all of your backup funds at once, it will take time to save up enough for it so you can be accumulating bitcoin along side it.

[Crytohillss]

. As a beginner starting Bitcoin investment, an emergency is not a reason to avoid investing because to some people it seems that because there is no emergency fund, there is no need to invest in Bitcoin. An emergency fund can come later after a good amount of Bitcoin has been accumulated; it's something you need to plan for, and it doesn't just happen immediately when you want to start Bitcoin investment.

Some persons focus only on accumulating Bitcoin without considering real life emergencies, if an emergency comes up and there's no back funds most individuals will end up selling their Bitcoin at the wrong time building your emergency fund alongside your investment gives stability and helps one stay invested for long term.

[wmaurik]

You made a good point. For me, long-term Bitcoin investment is more about being able to hold comfortably than just buying that is one reason I stick with DCA. I just buy little by little from my discretionary income without stressing myself financially. I also believe emergency funds matter because it short out bill when unexpected expenses show up, and it also help prevent panic selling.

At the end of the day, consistency, patience, and proper money management are what really make the journey easier.

You're doing the right thing, and if you can continue doing so over the long term, you're one of the most exceptional investors, having made the necessary preparations and calculated investment decisions using a method that's widely recognized. That's why I see most investors not living comfortably while protecting one of their best assets from being forced to sell at the wrong time, as investors often resort to fiat currency when urgent matters need to be addressed. Apart from that, the thinking of investors who are mature enough in using something to solve a problem is also a bit unique because when there is still something else that they can use for the purpose of solving the problem, then that is what they will use and they will still hold Bitcoin tightly without reducing it in the slightest.

[Rockson1]

. As a beginner starting Bitcoin investment, an emergency is not a reason to avoid investing because to some people it seems that because there is no emergency fund, there is no need to invest in Bitcoin. An emergency fund can come later after a good amount of Bitcoin has been accumulated; it's something you need to plan for, and it doesn't just happen immediately when you want to start Bitcoin investment.

I think you are right, they statement should be put straight for the matter clarity, people misunderstand things a lot so it better they should be very clear, newbies can actually invest along side with creating their emergency funds, it is not mandatory that an intending investor should have their emergency funds ready before they start investing in bitcoin, that amount that a newbie is planing to create emergency funds with can be divided into two, one can go into Bitcoin acumulation,the other for emergency funds build up, these can continuously be done instead of building an emergency funds when you have not started, what if such person fail to invest later, before making any decisions as part of Bitcoin investment, we should think wise, .not saying that emergency funds is not important, I'm just concerned about anything that will hinder any intending investor from continuing their plans of building a Bitcoin portfolio.

[red4slash]

This is also not right for me if done because in this case even though your desire to invest is very good but you cannot forget emergency funds or leave it empty because this can be important for you in everyday life in the next few days or a month if something unexpected happens it can then the funds can back you up to cover unexpected needs.

I will usually make this a unity when I start in the sense that even though I buy bitcoin but I will still set aside some for a reserve fund or emergency fund so that we still feel comfortable in our bitcoin purchases on the one hand we also minimize the worst possibility in unexpected needs that we can experience at any time.
 
Do not delay or eliminate things that should exist even if you want to invest because it could be when you delay or eliminate your emergency fund or reserve fund because it can affect you in investing.

I agree with you investment is not supposed to make someone forget about emergency funds because life itself is not balance. Anything can happen anytime. you can fall sick, family issues, you can lose your job  or unexpected expenses can come up. So if you invest all your money, especially in bitcoin that the price can fluctuate, it will be difficult to survive at that  moment without pressure. That is why it is essential for someone to build small reserve funds or keep some money for emergency needs before investing. Which it will definitely help them because you won’t panic to sell your bitcoin anytime you have emergency needs. Some people invest all their money in bitcoin because of greed or fear of missing out, but when unexpected problems comes in, it is the same investment that they will run to and sell in loss. Good financial planning needs balance, which is to invest for the future but also prepare for emergencies.

Building an emergency fund or reserve fund before starting to invest is also for me this is not the point because as I said earlier we can invest but accompanied by saving a reserve fund or emergency fund. This is so that we don't wait too long for purchases while also preparing for unexpected conditions in our life needs in the future.

If we only delay the purchase and focus on the reserve or emergency fund it will also be very difficult because other concerns will arise where the longer you delay the purchase when you can do it with your discretionary funds, the more hesitant you will be to buy. I've been there before where I tried to wait but in the end there are always other considerations when we want to try to buy because the hesitation is getting more and more prevalent. So delaying the purchase just to finalize the reserve fund or emergency fund could also be the source of the hesitation problem.
It would be better for us to try to properly manage your discretionary funds so that you can buy bitcoin and keep a reserve or emergency fund at the same time so that we don't have to postpone purchases on the one hand we can also still make purchases when there is money ready to spend.
 

[Odohu]

. As a beginner starting Bitcoin investment, an emergency is not a reason to avoid investing because to some people it seems that because there is no emergency fund, there is no need to invest in Bitcoin. An emergency fund can come later after a good amount of Bitcoin has been accumulated; it's something you need to plan for, and it doesn't just happen immediately when you want to start Bitcoin investment.

Some persons focus only on accumulating Bitcoin without considering real life emergencies, if an emergency comes up and there's no back funds most individuals will end up selling their Bitcoin at the wrong time building your emergency fund alongside your investment gives stability and helps one stay invested for long term.

I started my Bitcoin investing this way, putting all my money into Bitcoin and always selling Bitcoin to solve things I would have planned for and this hindered my progress so much as I was doing one step forward, two step backward... not a nice experience. Emergency funds is very important in this business because that is like the security of the investmemt. 

One mistake people also make is not to set aside money for their basic needs, investmemt should only be made when the basic needs have been taken care of and emergency funds must be setup  as soon as possible to avoid selling off the Bitcoin or part of it over slight things.

[Razmirraz]

. As a beginner starting Bitcoin investment, an emergency is not a reason to avoid investing because to some people it seems that because there is no emergency fund, there is no need to invest in Bitcoin. An emergency fund can come later after a good amount of Bitcoin has been accumulated; it's something you need to plan for, and it doesn't just happen immediately when you want to start Bitcoin investment.

Some persons focus only on accumulating Bitcoin without considering real life emergencies, if an emergency comes up and there's no back funds most individuals will end up selling their Bitcoin at the wrong time building your emergency fund alongside your investment gives stability and helps one stay invested for long term.

An emergency fund is a foundation of financial security that should be prioritized before focusing on investing in highly volatile assets like Bitcoin. Having an emergency fund is crucial because it prevents you from being forced to sell your Bitcoin at a loss during a market downturn (panic selling), or from experiencing financial loss and mental trauma. So, the analogy between Bitcoin and an emergency fund is like a supercar with brakes and seat belts. Supercars allow you to go fast under the right conditions, but without brakes, the risk of an accident is very high.

[Sim_card]

An emergency fund can come later after a good amount of Bitcoin has been accumulated; it's something you need to plan for, and it doesn't just happen immediately when you want to start Bitcoin investment.

A wrong approach to start your bitcoin investment because it's like you are gambling.

The best way for a brand new investor to start his bitcoin investment without any form of backup funds or have any form of investment on ground is for him to figure out his discretionary income after that, he should divide his discretionary income into three parts. One for his regular weekly DCA, the second part for build his emergency funds and the last part for his discretionary consumption. He make each 33.3%.

If you want to wait for long till you have accumulated a good size of bitcoin before you start thinking of building an emergency funds, it might not come to pass because if he are hit with a real life emergency during the early beginning, you will sell your bitcoin and take care of it at loss, if the price is below your entry point.

Your emergency funds is the backup to your bitcoin investment and it's important to start building it simultaneously with your bitcoin investment to ensure you have no worries but to continue accumulating and building your bitcoin stash overtime till you reach your bitcoin target.

[Sticky Bomb]

I don't see any reason why we should even talk about emergency fund when it comes to bitcoin investment, bitcoin investment is usually done to improve our lives and betterment of our future so why thinking of emergency fund again, we don't have to focus on all this things because there are so many things which we need to focus on when it comes to bitcoin investment. At least when it comes to bitcoin investment we should be thinking of how to gradually grow our bitcoin that is accumulating more Bitcoin, how to protect it and how do we maintain the consistence of accumulating it because this aspect is very important,

Emergency fund is important, even as a person, not just when we are into bitcoin investment, as a person you keep some money aside just in case something unplanned happens so that you wouldn't get into a very difficult situation solving it. It is not different when investing into bitcoin, emergency fund is important so that such unplanned events don't end up eating away your portfolio. Building your emergency fund doesn't stop you from being consistent with your purchases, it is a matter of correct cashflow management practices, you can always divide your discretionary fund into 3 parts which is investment fund(for buying bitcoin), savings( which includes emergency fund) and discretionary consumption, using the 40:40:20 sharing formula can be very helpful here and as long as you keep putting the share dedicated to investment fund regularly into bitcoin, you're maintaining consistency

DCA strategies have make things easier for us to accumulate more Bitcoin and this is what some of us or almost everyone are using now because some people cannot be able to afford it if really they want to get it in a very big amount but this strategies do all the job. I think the most dangerous part when it comes to bitcoin investment is when we procrastinate, in this case we don't have to consider the price either high or low but the only important thing is to maintain the consistency.

DCA would not protect your portfolio from emergencies, having a dedicated emergency fund will and good thing is that you can build it while you invest as well, recommendations are to build it to be equal to at least 3 months worth of your expenses budget. Procrastination is the enemy of action, it will make you remain a no coiner for long and if it finally leads to decision fatigue, then you might end up missing out totally in bitcoin, as long as you've discretionary income, the best time to get started is not tomorrow or next, it is now!!.

[cxtreenal]

. As a beginner starting Bitcoin investment, an emergency is not a reason to avoid investing because to some people it seems that because there is no emergency fund, there is no need to invest in Bitcoin. An emergency fund can come later after a good amount of Bitcoin has been accumulated; it's something you need to plan for, and it doesn't just happen immediately when you want to start Bitcoin investment.

Some persons focus only on accumulating Bitcoin without considering real life emergencies, if an emergency comes up and there's no back funds most individuals will end up selling their Bitcoin at the wrong time building your emergency fund alongside your investment gives stability and helps one stay invested for long term.

It is good to focus on accumulating Bitcoin but you need to be aware of the long term. It is necessary to be mentally and physically prepared to build an emergency fund from how to increase the amount of discretionary income for Bitcoin investment in line with your income. Investors accumulate Bitcoin considering emergencies in real life can be successful investors. Accumulating Bitcoin only aggressively will not do justice to the capital because you have made a long term strategy but after a few months you may face a financial crisis which is not at all desirable. To accumulate Bitcoin regularly you need to be in a good financial position and maintain the right level of cash flow. An emergency fund is important for long term investment as well as accumulating Bitcoin regularly in edge with discretionary income. Careful and smart investors accumulate Bitcoin regularly, even if the amount is small, and are committed to building a large holding.