JJG’s Outline of Bitcoin Investment Ideas

[Jody.Drummer]

And there people that even if you advice them to have discretionary funds and emergency funds they won't take it seriously but with time they would know how important it is and that way people will not take chances next time and that is why some people will always tell you that experience is the best teacher and it is true when you tell them they don't believe then they will learn the hard way after selling what they own.

I don’t know why people are getting this wrong, it’s not important to have emergency funds before starting Bitcoin investments but a lots are still never getting the facts about it. Bitcoin is a great asset that each an everyone can start with any amounts of money, not until he/she wait to get the discretionary fund or emergency fund before they can invest, because if that should be the case I’m sure that a lots will never be able to invest in the Bitcoin; we all know that learn and getting experience on the investments works is good, but not that it’s important to seek for emergency funds first we should stop confusing people that have interest to invest especially newbie’s.

You are right, there is no obligation to create a complete emergency fund and then invest in starting an investment. An investor can create an emergency fund after starting an investment or along with starting an investment. However, he can consider for himself how long an investor can live with an empty fund. Everyone's lifestyle is different, so he can decide for himself by considering who has what expenses and when and what he may need. However, if an investor thinks that he is unlikely to have an emergency need after starting an investment and that he does not have an emergency situation, then he can start without creating a fund. However, I think that every investor needs an emergency fund and should not stay with an empty fund for a long time after starting. An emergency fund should also be created along with investing, even if it is a very small amount. Because this is what will protect our investment in unexpected situations.

The major aim is for investors not to delay getting started with bitcoin investment because of them not having an emergency funds available to them at the moment and not really because they think or feel that they are unlikely not going to have any emergency need or situation at the time of their startup, such assumption is wrong and highly delusional because emergency situations doesn’t plan itself nor does it pre-inform us before they can occur, they can occur at any moment and any seconds.

The emergency funds is really important for a bitcoin investor and not just a bitcoin investor but to all and sundry as it helps us not to tend towards selling off our assets or investments when in a emergency situations, that being said, not having it ready shouldn’t be a barrier why we shouldn’t get started with investing in bitcoin as we can always start buying bitcoin if we have available discretionary income and along the line we must make sure to build up the emergency funds while buying bitcoin in such a way that when we receive a discretionary income we can allocate some percentage of it towards buying bitcoin and hold and another percentage of it to be kept specifically for building the emergency funds, that way can help.

Yes, having an emergency fund is not a benchmark for someone to start investing, because even if they don't have an emergency fund, an investment that can basically be started is no longer a reason to postpone it. On the other hand, it does not mean do not ignore completely about emergency funds, when investments have been made as much as possible to be able to pay attention to emergency funds also by building them slowly according to our own abilities, as well as investments made. Because the purpose of the use of emergency funds is certainly enough to help investments made so as not to be disturbed or as you say do not tend to sell our assets or investments when in an emergency or urgent situation.

[Insanity]

And there people that even if you advice them to have discretionary funds and emergency funds they won't take it seriously but with time they would know how important it is and that way people will not take chances next time and that is why some people will always tell you that experience is the best teacher and it is true when you tell them they don't believe then they will learn the hard way after selling what they own.

I don’t know why people are getting this wrong, it’s not important to have emergency funds before starting Bitcoin investments but a lots are still never getting the facts about it. Bitcoin is a great asset that each an everyone can start with any amounts of money, not until he/she wait to get the discretionary fund or emergency fund before they can invest, because if that should be the case I’m sure that a lots will never be able to invest in the Bitcoin; we all know that learn and getting experience on the investments works is good, but not that it’s important to seek for emergency funds first we should stop confusing people that have interest to invest especially newbie’s.

You are right, there is no obligation to create a complete emergency fund and then invest in starting an investment. An investor can create an emergency fund after starting an investment or along with starting an investment. However, he can consider for himself how long an investor can live with an empty fund. Everyone's lifestyle is different, so he can decide for himself by considering who has what expenses and when and what he may need. However, if an investor thinks that he is unlikely to have an emergency need after starting an investment and that he does not have an emergency situation, then he can start without creating a fund. However, I think that every investor needs an emergency fund and should not stay with an empty fund for a long time after starting. An emergency fund should also be created along with investing, even if it is a very small amount. Because this is what will protect our investment in unexpected situations.

The major aim is for investors not to delay getting started with bitcoin investment because of them not having an emergency funds available to them at the moment and not really because they think or feel that they are unlikely not going to have any emergency need or situation at the time of their startup, such assumption is wrong and highly delusional because emergency situations doesn’t plan itself nor does it pre-inform us before they can occur, they can occur at any moment and any seconds.

The emergency funds is really important for a bitcoin investor and not just a bitcoin investor but to all and sundry as it helps us not to tend towards selling off our assets or investments when in a emergency situations, that being said, not having it ready shouldn’t be a barrier why we shouldn’t get started with investing in bitcoin as we can always start buying bitcoin if we have available discretionary income and along the line we must make sure to build up the emergency funds while buying bitcoin in such a way that when we receive a discretionary income we can allocate some percentage of it towards buying bitcoin and hold and another percentage of it to be kept specifically for building the emergency funds, that way can help.

Yes, having an emergency fund is not a benchmark for someone to start investing, because even if they don't have an emergency fund, an investment that can basically be started is no longer a reason to postpone it. On the other hand, it does not mean do not ignore completely about emergency funds, when investments have been made as much as possible to be able to pay attention to emergency funds also by building them slowly according to our own abilities, as well as investments made. Because the purpose of the use of emergency funds is certainly enough to help investments made so as not to be disturbed or as you say do not tend to sell our assets or investments when in an emergency or urgent situation.

I understand that it's not an excuse to stop investing in Bitcoin forever but it's just a part of it. Anyone who has a steady income, and is able to save money beyond the essentials. Can start investing at manageable amounts and continue to save for an emergency at the same time. The key is balance. Emergencies happen without warning and if you don't have a financial buffer, it becomes more likely that you might sell Bitcoin at the most inopportune time, just to cover the emergency. It's important to get a head start. But it's a responsible attitude to risk that keeps investors invested for the long haul. Not a short-term monetary issue.

[alankasman]

I understand that it's not an excuse to stop investing in Bitcoin forever but it's just a part of it. Anyone who has a steady income, and is able to save money beyond the essentials. Can start investing at manageable amounts and continue to save for an emergency at the same time. The key is balance. Emergencies happen without warning and if you don't have a financial buffer, it becomes more likely that you might sell Bitcoin at the most inopportune time, just to cover the emergency. It's important to get a head start. But it's a responsible attitude to risk that keeps investors invested for the long haul. Not a short-term monetary issue.

That's true, because investing doesn't require any rules or requirements. I think investing is very easy. Once we meet our needs I believe we are worthy of investing in Bitcoin. Moreover the amount we need to invest in Bitcoin doesn't have to be large or small it can be as much as we can afford and doesn't make things difficult for us personally when we want to start investing. This is why many people currently say it's easy and focused if we have the intention to start investing.

And I completely agree with one of your words the word "balance" has many meanings. I understand it to be one of them balance is directed toward basic needs which we must prioritize first. After that I think there's nothing wrong with them continuing their efforts with investment. Investment is the second part of what we do. Balance will be achieved based on us setting the direction and goals of our actions. If we set a balance pattern like that we won't have a good time to meet the needs we must meet and I think investing will go according to our wishes.

[Odohu]

I understand that it's not an excuse to stop investing in Bitcoin forever but it's just a part of it. Anyone who has a steady income, and is able to save money beyond the essentials. Can start investing at manageable amounts and continue to save for an emergency at the same time. The key is balance. Emergencies happen without warning and if you don't have a financial buffer, it becomes more likely that you might sell Bitcoin at the most inopportune time, just to cover the emergency. It's important to get a head start. But it's a responsible attitude to risk that keeps investors invested for the long haul. Not a short-term monetary issue.

That's true, because investing doesn't require any rules or requirements. I think investing is very easy. Once we meet our needs I believe we are worthy of investing in Bitcoin. Moreover the amount we need to invest in Bitcoin doesn't have to be large or small it can be as much as we can afford and doesn't make things difficult for us personally when we want to start investing. This is why many people currently say it's easy and focused if we have the intention to start investing.

Investing is not as easy as you are putting it which is why not many people are investing. It requires common sense to understand the importance of investing and and get started but beyond that, the investor need to constantly refresh his resolve to keep at it by setting his eyes on the goal which is the future he aspire to feature in. One of the ways that makes this possible is the constant sharing of ideas we do in this forum and in a thread like this one where people are guided on the best approach to investing and preserving the investment. Another good news is that people who have passed through lots of the hard stages like JJG are ever willing to share their personal experience free of charge, information that will cost fortune if gotten from the conventional supposed financial experts. Let us make the best of the opportunity we have here to build our Bitcoin portfolios and by extension, our future.

[Big Dirams]

discretionary income isn't just for buying bitcoin rather the money can also be used for discretionary consumption. So it won't be a good idea for anyone that wants to buy bitcoin for them to used up all there discretionary income for doing this. Some percentage of discretionary income can be used for setting up reserves funds , other can either be use for discretionary consumption or for setting up an emergency funds. Anyone that is entertaining the idea that it is only for buying bitcoin that discretionary income can be used then the person is wrong.

Discretionary income is the foundation of our other funds during our time of investment. Aside it serving as the fuel for accumulating bitcoin being it weekly, Monthly or any how we plan ourselves it what generate our back ups funds. We can see, it is the foundation of our investment and when discretionary income isn’t found then our journey can’t begin at all no matter what, we need to availability of our discretionary income because it what we use to begin the process.

Yes, having an emergency fund is not a benchmark for someone to start investing, because even if they don't have an emergency fund, an investment that can basically be started is no longer a reason to postpone it. On the other hand, it does not mean do not ignore completely about emergency funds, when investments have been made as much as possible to be able to pay attention to emergency funds also by building them slowly according to our own abilities, as well as investments made. Because the purpose of the use of emergency funds is certainly enough to help investments made so as not to be disturbed or as you say do not tend to sell our assets or investments when in an emergency or urgent situation.

That right, no availability of emergency funds shouldn’t stand as an obstacle for our investment journey because the foundation isn’t built on emergency funds instead it was started with discretionary income and discretionary income is the only reason we can postpone our investments.
But let not forget nor neglect about our emergency funds because it is also an important pillar too, emergency funds could be build alongside our bitcoin if we don’t get to make provision for it at start.

[Princess Leah]

Investing is not as easy as you are putting it which is why not many people are investing. It requires common sense to understand the importance of investing and and get started but beyond that, the investor need to constantly refresh his resolve to keep at it by setting his eyes on the goal which is the future he aspire to feature in. One of the ways that makes this possible is the constant sharing of ideas we do in this forum and in a thread like this one where people are guided on the best approach to investing and preserving the investment. Another good news is that people who have passed through lots of the hard stages like JJG are ever willing to share their personal experience free of charge, information that will cost fortune if gotten from the conventional supposed financial experts. Let us make the best of the opportunity we have here to build our Bitcoin portfolios and by extension, our future.

And it's not so tough as well, even better than chasing quick money like some people do, common sense should let them know that speculating with Bitcoin for quick profits is more risky but investing with it has a historical prove that gives hope to people who hold it longer, well common sense is not common so I'm not suprised they choose the more risky option.

 Kudos to Jay he's a good follow, I could remember countless times that he's correct my wrong statements concerning Bitcoin investment, he's part of those that makes Bitcoin investment easy for me to understand and I'm happy to have someone like him in this forum, I never joke with any information he shares and I urge everyone willing to know better to do so.

[Jasmyne]

And there people that even if you advice them to have discretionary funds and emergency funds they won't take it seriously but with time they would know how important it is and that way people will not take chances next time and that is why some people will always tell you that experience is the best teacher and it is true when you tell them they don't believe then they will learn the hard way after selling what they own.

I don’t know why people are getting this wrong, it’s not important to have emergency funds before starting Bitcoin investments but a lots are still never getting the facts about it. Bitcoin is a great asset that each an everyone can start with any amounts of money, not until he/she wait to get the discretionary fund or emergency fund before they can invest, because if that should be the case I’m sure that a lots will never be able to invest in the Bitcoin; we all know that learn and getting experience on the investments works is good, but not that it’s important to seek for emergency funds first we should stop confusing people that have interest to invest especially newbie’s.

You are right, there is no obligation to create a complete emergency fund and then invest in starting an investment. An investor can create an emergency fund after starting an investment or along with starting an investment. However, he can consider for himself how long an investor can live with an empty fund. Everyone's lifestyle is different, so he can decide for himself by considering who has what expenses and when and what he may need. However, if an investor thinks that he is unlikely to have an emergency need after starting an investment and that he does not have an emergency situation, then he can start without creating a fund. However, I think that every investor needs an emergency fund and should not stay with an empty fund for a long time after starting. An emergency fund should also be created along with investing, even if it is a very small amount. Because this is what will protect our investment in unexpected situations.

Nobody plans for any emergency, neither do anybody know the time or day emergencies will happen, since emergencies are unplanned, unexpected event or situations that sometimes involve danger or threat to life and needs urgent attention or action. It is not predicted when it will happen and it can happen at any time, it is always important to always have emergency funds available, to avoid situations where someone will have to tamper with their investment.
It proper to always take out some funds out as emergency funds before starting your investment because that emergency funds help settle for unplanned bills and unexpected bills. No matter how much you think you are unlikely to have emergencies, it should still be available.

[Tetu100]

Many people sell because they do not have the mentality of losing or because they are afraid of falling. Besides, if someone invests from the money they need, then no one will want to lose it and it is normal to sell if the price drops. Basically, this kind of mentality is trading.

All that you have highlighted here attributes more of a traders and not an investor. It's only traders that cares more about the movement of the market, they does things in a opposite direction and all they pretty cares is to jump on every quick profits that often turn lost in most cases.  

A long-term investor does not need to pay extra attention to the market. Because he has to be mentally prepared in advance,

That's why being a long term investor remains the best, it save you from so many things like stress of monitoring the market even when you don't have to, it prepared you for a better future ahead of time, it got you covered for life even without putting so much effort all you need is just the ability to hold strong and you are made for life.

he is ready to lose the money he is investing. And he is investing from the remaining money after fulfilling all his needs, that is, from the extra money.

The discretionary funds is the right funds we should invest with. Furthermore, it's the remaining funds after every necessary expenses is been taking care of and that why even though things didn't go as planned, we don't necessarily need to commit suicide because is a good example of what we can afford to lose.

Emergency funds are necessary to deal with unexpected situations. Otherwise, an investor will be forced to break the investment in any need or unexpected situation. As you have said, the strategy will break. Just like that.

Having an emergency funds in place is a must because this is what is expected to settle unplanned situations with,  failure to put it in place in our investment journey simply means you're planning to solve real life problems from our investment holdings when they show up which isn't healthy to the investment.

[SmartCharpa]

And there people that even if you advice them to have discretionary funds and emergency funds they won't take it seriously but with time they would know how important it is and that way people will not take chances next time and that is why some people will always tell you that experience is the best teacher and it is true when you tell them they don't believe then they will learn the hard way after selling what they own.

I don’t know why people are getting this wrong, it’s not important to have emergency funds before starting Bitcoin investments but a lots are still never getting the facts about it. Bitcoin is a great asset that each an everyone can start with any amounts of money, not until he/she wait to get the discretionary fund or emergency fund before they can invest, because if that should be the case I’m sure that a lots will never be able to invest in the Bitcoin; we all know that learn and getting experience on the investments works is good, but not that it’s important to seek for emergency funds first we should stop confusing people that have interest to invest especially newbie’s.

I think those who insist that they should have an emergency funds before investing are just trying to ignore the fact. Many individuals are not interested in investing in Bitcoin, but they use that as an excuses before they invest. If building an emergency fund had always been priority before someone should invest, I believe we would have many individuals out there who are still struggling to build their emergency funds before making any investments.

It’s not necessary to convince anyone to do what is best to invest. If they choose to wait until they build their emergency fund, don’t bother with them, at least you tried your best. Lets them wait until they have everything perfect. Later, I believe they would realize that they were just wasting their time and missing opportunity to buy.

[The Founding Titan]

~snip~

Do you have to be working first to get an income? What is being paid by the parents can be called an income in this situation and if that payment isn't coming in then the person can't generate discretionary income.

Fyi

I understand your point though, you are classifying income as payment for the place of work whether it's private or you are working for someone else which also makes sense but that's not my point, my point is that in order for you to have money left behind after settling your essential needs you will need to get money first to settle those needs, if that money isn't coming in at all then you wouldn't have anything left behind.

You are still getting this wrong. There must not always be an inflow before folks can generate their discretionary income.. Surely majority of folks generate their discretionary income from a source of income, but then again, there are some folks who already have savings or inheritance that was passed to them from generations past, that too could count as a discretionary income even though there isn't necessarily an inflow of cash coming in.. As long as your expenses has been accounted for whatever money left is your Discretionary income regardless of whether there is an inflow or not...

U will rephrase my initial statement that's leading to this confusion, 'if a person isn't getting any money at all then they will not be able to generate discretionary income' the source of the money can vary, it can come from a job or a business, from an inheritance or from any other place at all, but if this isn't coming in then there can be no discretionary income unless someone else is taking care of your expenses then everything that comes to you will automatically become discretionary.

[Jostern]

Yes, being financially prepared goes hand-in-hand with mindset. Bitcoin is not the reason for most panic selling, it's the result of bad planning prior to investment. If your emergency fund is set aside and you're investing money you can only afford to leave untouched for several years, short-term price dips aren't that big a deal. Long term investing is not a constant eye on the market, rather it's a patient and disciplined approach. A solid plan will help to minimize emotion decision-making; when investing essentials with investments, there can be the possibility of selling at the worst moments.

Panicked selling is not a fault of the plan, but rather a fault of a weak mentality. No matter how good a person's investment plan and steps are, if he cannot hold the investment mindset or is not of a strong mindset, he may panic and sell even with the right plan.

When you are forced to sell your investment even in a normal emergency, you can say that there was a flaw in the investment plan, maybe he sold his investment because he did not take the right investment plan and steps. Lack of risk tolerance and lack of proper planning and steps are not the same and their results are also different.

Panic selling is mostly common with newbies, however this beginners doesn’t know much about bitcoin, which is why when they get started with investing in bitcoin, they should also be learning more about bitcoin along the way, after acquiring some basic knowledge, most times is either you’re selling because of market volatility and the individual gets scared and panic to sell, if he or she has a plan of consistent buying of bitcoin for a long term period, it wouldn’t be a problem or a challenge to the individual in a particular consideration.

However it’s also possible that the individual is panic selling because of some emergency that needs an urgent intervention, and you don’t have any other choice but to sell your bitcoin assets, I will also consider that as a personal negligence of the investor not to have started building a backup funds and an emergency fund, to help with the risk management involved with investing in journey of bitcoin investment, anything can happen while you’re making investments in bitcoin, which is why you have to following the right path and doing the right things while you’re in your journey to build a successful portfolio.

[Futurexxx]

U will rephrase my initial statement that's leading to this confusion, 'if a person isn't getting any money at all then they will not be able to generate discretionary income' the source of the money can vary, it can come from a job or a business, from an inheritance or from any other place at all, but if this isn't coming in then there can be no discretionary income unless someone else is taking care of your expenses then everything that comes to you will automatically become discretionary.

Anyone that doesn't have any sources of discretionary income has no business investing in Bitcoin, but rather he should be looking for a job a business or other ways of earning a living, because his main concern should be how to earn a living to take care of his basic needs, not investing, since he wouldn't be able to have a discretionary income to invest with at the end of the week or month.

Additionally, when you no longer have any sources of discretionary income, you are likely going to feed and take care of your basic needs from the Bitcoin already accumulated, so looking for a source of discretionary income is a must if you want to invest in Bitcoin consistently.

[ASloveapg]

And there people that even if you advice them to have discretionary funds and emergency funds they won't take it seriously but with time they would know how important it is and that way people will not take chances next time and that is why some people will always tell you that experience is the best teacher and it is true when you tell them they don't believe then they will learn the hard way after selling what they own.

I don’t know why people are getting this wrong, it’s not important to have emergency funds before starting Bitcoin investments but a lots are still never getting the facts about it. Bitcoin is a great asset that each an everyone can start with any amounts of money, not until he/she wait to get the discretionary fund or emergency fund before they can invest, because if that should be the case I’m sure that a lots will never be able to invest in the Bitcoin; we all know that learn and getting experience on the investments works is good, but not that it’s important to seek for emergency funds first we should stop confusing people that have interest to invest especially newbie’s.

I think those who insist that they should have an emergency funds before investing are just trying to ignore the fact. Many individuals are not interested in investing in Bitcoin, but they use that as an excuses before they invest. If building an emergency fund had always been priority before someone should invest, I believe we would have many individuals out there who are still struggling to build their emergency funds before making any investments.

It’s not necessary to convince anyone to do what is best to invest. If they choose to wait until they build their emergency fund, don’t bother with them, at least you tried your best. Lets them wait until they have everything perfect. Later, I believe they would realize that they were just wasting their time and missing opportunity to buy.

It is not necessary to create a complete fund before starting to invest. And it is better not to delay investing while creating a complete emergency fund. If an investor already has some amount of funds ready. Or if he does not have any money in the emergency fund, he can create the fund along with starting to invest. This process can be done along with investing. However, if someone wants to start investing, the most important thing in the initial stage is to have extra money to invest and only if he has this, he can start. And as soon as he starts, if there is a shortage in other areas including the emergency fund, it can be filled.

[Loyang]

I don’t know why people are getting this wrong, it’s not important to have emergency funds before starting Bitcoin investments but a lots are still never getting the facts about it. Bitcoin is a great asset that each an everyone can start with any amounts of money, not until he/she wait to get the discretionary fund or emergency fund before they can invest, because if that should be the case I’m sure that a lots will never be able to invest in the Bitcoin; we all know that learn and getting experience on the investments works is good, but not that it’s important to seek for emergency funds first we should stop confusing people that have interest to invest especially newbie’s.

It is always better not to invest until we have discretionary income. We should always use an amount of money that you can afford to lose and that you will not need in the long run. Whenever a person invests beyond discretionary income, he is gambling with his holdings and putting his financial situation at risk. Because whenever you invest without discretionary income, you will definitely invest with the required amount of money, which is not a good decision at all. Because you will invest in the long run, if you invest with the required amount of money and if that amount of money is needed during the market decline, then you will definitely be forced to sell your holdings and face losses.

[Obulis]

Discretionary income is the most important factor to kick off investment journey and to remain consistent in it. Having a fixed salary or regular income isn't the benchmark, people that have variable income can still invest and hold as long as they can identify to having cold cash after sorting their expenses when their income arrives, they can choose to lump sum with the discretionary income or spread it across a longer timeframe.

Again the DCA period must not be fixed, consistency can still mean investing whenever discretionary income is available and not missing out on it. There can be some cases when income is present, even from the fixed salary, but there's no discretionary income because of higher expenses, then the investor has to wait until discretionary income is available for them to continue with their investment.

You are right, having a fixed salary or regular income is not a benchmark, it's just that when we already have a salary it should be easier for us to make investments, and with those who do not have a salary can make investments because I think it is also impossible if someone does not have money continuously so someone who already intends to invest will definitely have a way out to do what he wants, especially this goal is for their own good in the future. With a record that he can manage his finances well, investments can be made even if he does not have a salary.

There should be no standard for discretionary income. If you have a decent source of income but you are not accumulation Bitcoin then you are independent about investment. But if you are accumulating Bitcoin regularly and can sustain one cycle initially, there should be no problem for you to become a regular investor and run two more cycles.

Is there any financial arrangement through which an investor can accumulate Bitcoin regularly without a regular source of income? I think such an arrangement may not work properly. Those who do not receive a regular salary will naturally not be able to sustain Bitcoin accumulation and you should have at least a small amount of discretionary funds.

In as much as it will tend to be difficult for an investor without regular income to regularly accumulate Bitcoin it should be made clear that accumulation of Bitcoin must not be on a regular and an investor should invest as much as they can. So the simple truth there is that without regular income an investor can still accumulate based on their personal frequency and to note some economic challenges can make an investor with regular income to take a break from accumulation. Now to think of it, parents, men and women without steady pay do make savings (discretionary funds) which means they can equally invest in Bitcoin.
Another thing to point is that some investors without steady or regular income may have what it takes to hold more Bitcoin than some investors with regular income

[Z_MBFM]

I don’t know why people are getting this wrong, it’s not important to have emergency funds before starting Bitcoin investments but a lots are still never getting the facts about it. Bitcoin is a great asset that each an everyone can start with any amounts of money, not until he/she wait to get the discretionary fund or emergency fund before they can invest, because if that should be the case I’m sure that a lots will never be able to invest in the Bitcoin; we all know that learn and getting experience on the investments works is good, but not that it’s important to seek for emergency funds first we should stop confusing people that have interest to invest especially newbie’s.

It is always better not to invest until we have discretionary income. We should always use an amount of money that you can afford to lose and that you will not need in the long run. Whenever a person invests beyond discretionary income, he is gambling with his holdings and putting his financial situation at risk. Because whenever you invest without discretionary income, you will definitely invest with the required amount of money, which is not a good decision at all. Because you will invest in the long run, if you invest with the required amount of money and if that amount of money is needed during the market decline, then you will definitely be forced to sell your holdings and face losses.

In terms of investment, why should you invest the amount of money that you have the ability to lose? Investment is not trading or gambling. So there is no possibility that you will lose all your money. To invest, you need to have the ability and patience to hold for a long time. And you need to keep your emergency fund and then invest. Do not make investments that you cannot keep for a long time. And the only solution to this is to do DCA. You can invest the remaining money according to the DCA method by keeping your daily expenses and emergency fund. And if you can continue them for a long time, then you will definitely get a good return.

[Umulala-alala]

And there people that even if you advice them to have discretionary funds and emergency funds they won't take it seriously but with time they would know how important it is and that way people will not take chances next time and that is why some people will always tell you that experience is the best teacher and it is true when you tell them they don't believe then they will learn the hard way after selling what they own.

I don’t know why people are getting this wrong, it’s not important to have emergency funds before starting Bitcoin investments but a lots are still never getting the facts about it. Bitcoin is a great asset that each an everyone can start with any amounts of money, not until he/she wait to get the discretionary fund or emergency fund before they can invest, because if that should be the case I’m sure that a lots will never be able to invest in the Bitcoin; we all know that learn and getting experience on the investments works is good, but not that it’s important to seek for emergency funds first we should stop confusing people that have interest to invest especially newbie’s.

You are right, there is no obligation to create a complete emergency fund and then invest in starting an investment. An investor can create an emergency fund after starting an investment or along with starting an investment. However, he can consider for himself how long an investor can live with an empty fund. Everyone's lifestyle is different, so he can decide for himself by considering who has what expenses and when and what he may need. However, if an investor thinks that he is unlikely to have an emergency need after starting an investment and that he does not have an emergency situation, then he can start without creating a fund. However, I think that every investor needs an emergency fund and should not stay with an empty fund for a long time after starting. An emergency fund should also be created along with investing, even if it is a very small amount. Because this is what will protect our investment in unexpected situations.

The major aim is for investors not to delay getting started with bitcoin investment because of them not having an emergency funds available to them at the moment and not really because they think or feel that they are unlikely not going to have any emergency need or situation at the time of their startup, such assumption is wrong and highly delusional because emergency situations doesn’t plan itself nor does it pre-inform us before they can occur, they can occur at any moment and any seconds.

The emergency funds is really important for a bitcoin investor and not just a bitcoin investor but to all and sundry as it helps us not to tend towards selling off our assets or investments when in a emergency situations, that being said, not having it ready shouldn’t be a barrier why we shouldn’t get started with investing in bitcoin as we can always start buying bitcoin if we have available discretionary income and along the line we must make sure to build up the emergency funds while buying bitcoin in such a way that when we receive a discretionary income we can allocate some percentage of it towards buying bitcoin and hold and another percentage of it to be kept specifically for building the emergency funds, that way can help.

Emergency funds is very important for any one trying to invest in bitcoin and hold for a long time without an emergency funds the investment won't last for long and any one investing in without any provision for an emergency funds is only just gambling with his investment because such person is liable to sell any time soon when there is an emergency situation, after getting started the next thing should be creating an emergency funds to save guild your bitcoin investment.

[gracreavix]

I don’t know why people are getting this wrong, it’s not important to have emergency funds before starting Bitcoin investments but a lots are still never getting the facts about it. Bitcoin is a great asset that each an everyone can start with any amounts of money, not until he/she wait to get the discretionary fund or emergency fund before they can invest, because if that should be the case I’m sure that a lots will never be able to invest in the Bitcoin; we all know that learn and getting experience on the investments works is good, but not that it’s important to seek for emergency funds first we should stop confusing people that have interest to invest especially newbie’s.

It is always better not to invest until we have discretionary income. We should always use an amount of money that you can afford to lose and that you will not need in the long run. Whenever a person invests beyond discretionary income, he is gambling with his holdings and putting his financial situation at risk. Because whenever you invest without discretionary income, you will definitely invest with the required amount of money, which is not a good decision at all. Because you will invest in the long run, if you invest with the required amount of money and if that amount of money is needed during the market decline, then you will definitely be forced to sell your holdings and face losses.

In terms of investment, why should you invest the amount of money that you have the ability to lose? Investment is not trading or gambling. So there is no possibility that you will lose all your money. To invest, you need to have the ability and patience to hold for a long time. And you need to keep your emergency fund and then invest. Do not make investments that you cannot keep for a long time. And the only solution to this is to do DCA. You can invest the remaining money according to the DCA method by keeping your daily expenses and emergency fund. And if you can continue them for a long time, then you will definitely get a good return.

If you wait to build an emergency fund before you start investing, you might take forever. Best way is to put small if your small savings as emergency funds as you grow it and start investing. The aim here is to just start and stop delaying using many excuses why you haven't started and so on.

Risk what you can afford to lose is a term used by traders. And we are not traders but investors. I think the better term to use is investment funds that you are comfortably willing to lock away.

Nobody should delay investments. If one starts doing that, he or she may never start investing. Just start.

[Glen Hoddle]

Emergency funds is very important for any one trying to invest in bitcoin and hold for a long time without an emergency funds the investment won't last for long and any one investing in without any provision for an emergency funds is only just gambling with his investment because such person is liable to sell any time soon when there is an emergency situation, after getting started the next thing should be creating an emergency funds to save guild your bitcoin investment.

If you invest in Bitcoin, you must create an emergency fund, if any person continues to invest in Bitcoin without an emergency fund, then he will definitely face danger. So to deal with this situation, you must put yourself in some financial danger, where if every person participates in Bitcoin investment, then he should be able to invest in Bitcoin with prudent income. And if we use prudent income and create an emergency fund, it will definitely be possible to hold Bitcoin investment for a long time, if the investor faces greed, then it is his personal matter.

[Exitoral]

Emergency funds is very important for any one trying to invest in bitcoin and hold for a long time without an emergency funds the investment won't last for long and any one investing in without any provision for an emergency funds is only just gambling with his investment because such person is liable to sell any time soon when there is an emergency situation, after getting started the next thing should be creating an emergency funds to save guild your bitcoin investment.

If you invest in Bitcoin, you must create an emergency fund, if any person continues to invest in Bitcoin without an emergency fund, then he will definitely face danger. So to deal with this situation, you must put yourself in some financial danger, where if every person participates in Bitcoin investment, then he should be able to invest in Bitcoin with prudent income. And if we use prudent income and create an emergency fund, it will definitely be possible to hold Bitcoin investment for a long time, if the investor faces greed, then it is his personal matter.

We all talk as if it is easy for everyone. Like it's easy to build an emergency fund and an investment fund separately. It's not easy for everyone. I think we should all keep an open mind instead of just sticking to one idea. Some people have little income and want to invest, but they can't build an emergency fund. Will you now discourage them from investing?
You can delay and delay, and many opportunities will just pass you by. I think one should start investing while building an emergency fund. The thing here is, can the person invest consistently? If yes, then it's okay. What an emergency fund does is reduce risk. The risk can't be completely avoided.