JJG’s Outline of Bitcoin Investment Ideas

[Agbam]

Let's look at it from this angle. If consistency is very important, what if someone's income is not consistent? That can be a problem. We can't all be always be financially capable to continuously buying Bitcoin all the time.

I think you made a very good point here, But I don't think inconsistent income  makes accumulating bitcoin for the long term impossible, because with the  help of the DCA strategy someone doesn't have to buy  the same amount of bitcoin every week or months. Because someone with irregular income  can buy when they have discretionary income  and pause when  they don't have. For example a freelancer  can invest during a good month and nothing during a bad one. The most important is to invest using only discretionary income and not money meant for essential needs.

For me, consistency here means returning to the plan whenever your finances allows you  and not investing the same amount.

You are obviously mixing a lot of things up especially with the DCA method. The DCA method requires regularity  in terms of when to huy and how much to invest per time. If you have irregular cash flow,  you can still use the DCA method but that will require making estimates based on average of your income flow for a period of six months or even a year. With this you will be able to have an estimate of your discretionary income from there you will know what to allocate to your monthly or weekly DCA. It is not complicated and there are many people with irregular cash flow that are using this method.

To me the most important part of the DCA is the opportunity to invest as much as my available discretionary income can carry within each time interval be it weeks or months, without having to time the market  and been consistent with it.

I don’t quite understand the part about making estimates based on your income flow over a year or 6months and using that to estimate a fixed DCA amount. That’s like projecting the amount you would invest even without sorting out your basic expenses first, which would be a wrong call. I would like to get proper clarification on that.

[JayJuanGee]

[edited out]

If you are getting the information from the right source then you are right to say that information won't take too long to grab but there are alot of sources online that will direct you to the wrong wallet, before this forum I use to think that trust wallet was secure, chances are that there are people in this forum who probably still think that trust wallet is a secure wallet, so we should know that the information is only as good as the source and bitcointalk is the best source for this kind of information.

It can take newbies a while to appreciate the difference between open source and closed source, and so frequently, they won't even know that certain wallets are hardly no better than keeping coins on exchanges, since the wallets themselves are closed source, such as Trust Wallet.

So the wallets might seem easy to use and they may even have ways of backing them up, yet it is deceptive and even hard to know, and so there are a couple of really big wallets such as Trust wallet and even Ledger wallets in which their size of adoption wrongly causes newbies to have confidence in them.

In the very beginning, it may not matter as much about the coin security, yet as the amount invested and even the potential price increases of bitcoin could cause the value of the holdings to go up a lot, and at the same time, we cannot presume that all folks are starting out investing with small amounts, and there may be some guys who might be wanting to invest 20% or more of their annual income into bitcoin in one shot, so in the cases that guys are investing larger amounts, they may well need to spend additional time learning about wallets, yet they still might want to practice with smaller amounts first, even while they are learning about wallets and before they actually end up investing larger amounts of bitcoin into bitcoin.  

In the case of a guy considering to invest 20% of his income into bitcoin in a short amount of time, he also might be considering the extent to  which he is buying lump sum with that amount, DCA and/or buying on dips... so if he had an income of $30k per year, and he was planning to buy bitcoin at $100 per week, yet he was also considering investing 20% of his income into bitcoin (which would be $6k - perhaps taking the $6k from other investments that he has in other locations), so maybe he will decide to invest $2k right away, $2k by DCAing and $2k by buying dips (that might not end up happening).  He might plan his strategy, and surely one of the benefits of having larger amounts of money, there tends to be more options in terms of how to divide it and more options in terms of how to be creative in the process of allocating the money to the different categories.  Even though at the same time, putting larger amounts into bitcoin in shorter periods of time could cause some security and/or privacy concerns that guys might want to figure out.. so maybe the guy spends several weeks buying bitcoin at $100 per week before he ends up deploying his additional $6k into bitcoin under whichever of the methods that he ends up choosing.

By the way, sometimes even when guys are getting information from this forum, it could still take time to learn and/or it can take time to get to more accurate information, since sometimes there are shitty and even confusing posts that are mixed in with better posts, and even some posts are long (like mine) so it might take time to find information that is of interest to any particular bitcoin newbie.

For sure like grease pointed having emergency funds doesn't the direction of Bitcoin but it does guarantees success! Having emergency funds has nothing to do with Bitcoin on a general ground, having emergency funds is about the investor and their target or plan. Having emergency funds helps investors in ensuring that their Bitcoin investment plan accomplishes and when that happens that means success. Even as having emergency funds doesn't totally determine if an investor will continue in their Bitcoin investment it for sure give an excellent level success which means when holding Bitcoin for a long-term/investment is the plan keeping or building of emergency funds is paramount.

You seem to be confused my friend and your points are just kinda all over the place with no direction.

Having emergency funds available to you as an investor does not guarantee you success in your bitcoin investment.

An emergency fund is created to help an investor stay committed to their bitcoin investment strategy but it is not a direct determining factor of whether the investment itself will perform well.
The success of an investment depends on factors like entry point, risk management, time horizon and having realistic expectations.

You are correct BluebloodCXVI.

Various back up funds will tend to get stronger and stronger the longer that guys are building them up and not tapping into them, yet it still can take time for guys to build up their back up funds, so the back up funds can only protect for the quantity of value that they have backed up and if guys have extended periods of depleting their back up funds due to loss of income and/or increases in their expenses, then they may well could have had prepared themselves well, yet they run into some bad luck or bad misfortune that they might end up mostly or completely depleting their back up funds which also might end up leading them into circumstances that they end up having to tap into some or all of their bitcoin holdings at a time that was not of their own choosing.

Let's look at it from this angle. If consistency is very important, what if someone's income is not consistent? That can be a problem. We can't all be always be financially capable to continuously buying Bitcoin all the time.

I think you made a very good point here, But I don't think inconsistent income  makes accumulating bitcoin for the long term impossible, because with the  help of the DCA strategy someone doesn't have to buy  the same amount of bitcoin every week or months. Because someone with irregular income  can buy when they have discretionary income  and pause when  they don't have. For example a freelancer  can invest during a good month and nothing during a bad one. The most important is to invest using only discretionary income and not money meant for essential needs.

For me, consistency here means returning to the plan whenever your finances allows you  and not investing the same amount.

You are obviously mixing a lot of things up especially with the DCA method. The DCA method requires regularity  in terms of when to huy and how much to invest per time. If you have irregular cash flow,  you can still use the DCA method but that will require making estimates based on average of your income flow for a period of six months or even a year. With this you will be able to have an estimate of your discretionary income from there you will know what to allocate to your monthly or weekly DCA. It is not complicated and there are many people with irregular cash flow that are using this method.

To me the most important part of the DCA is the opportunity to invest as much as my available discretionary income can carry within each time interval be it weeks or months, without having to time the market  and been consistent with it.

I don’t quite understand the part about making estimates based on your income flow over a year or 6months and using that to estimate a fixed DCA amount. That’s like projecting the amount you would invest even without sorting out your basic expenses first, which would be a wrong call. I would like to get proper clarification on that.

For convenience folks will create automated DCA, and usually in order to not cause issues for yourself, the DCA amounts will need to be fairly conservative so that there is not overspending.

Even though there can be some convenience with automated I prefer manual DCAs in order to be able to control the buy time and also to control the buy amount, yet surely some people do not want to think about their BTC buys and maybe they also have reasonable excuses of having a lot of other things going on in their lives that justify setting automated DCAs - which does not stop them from supplementing their automated DCAs with additional buys from time to time, either.

[MainIbem]

The fact that people are not holding bitcoin for a long term does not mean they do not know that bitcoin is a long term investing they do... but the problem they have is impatient. Patient is what some folks do not have, they just want to become rich overnight which off cause does not work and even if it does not everyone i mean it rarely happen unless your grace and luck is more than sufficient. there are people who are struggling to become patient yet they can not... because all their thoughts are centered in short term.

Bitcoin isn't gambling and so grace and luck has no place in it... The plain and simple truth is that Bitcoin isn't a get quick rich scheme, and anyone with such a mentality will hardly have good results from their accumulation no matter their supposed level of grace and luck..So in short, patience is very vital to an individual investment journey no two ways about that.. Patience here means the ability of folks to HODL for a long term duration of says 10year without engaging in short term trading.. Patience isn't an innate ability, it is actually an habit that can be learnt and built .. And if one is able to accept that Bitcoin isn't a get rich quick scheme, then it makes it more easier to focus on their long term plan instead of checking the high and the lows of Bitcoin's price while expecting some quick results..

I guess the the grace and luck he's referring to is concerning trading, but he didn't make his statement clear. He was trying to say that it takes grace and luck to be successful if someone fail to prioritise long term holding and he's right to an extent cause only few traders manage to make better profits of trading with Bitcoin so it's not encouraging. Seeking financial freedom shouldn't be dependent on luck or chance so people who deviate from holding longer would finally realise on the long run and fall back to it, by then they'll understand that patience is the key and try to maintain consistency in accumulation while they hold. Many Bitcoiners have lost their track chasing quick profits but still fall back to long term holding.

[JayJuanGee]

The fact that people are not holding bitcoin for a long term does not mean they do not know that bitcoin is a long term investing they do... but the problem they have is impatient. Patient is what some folks do not have, they just want to become rich overnight which off cause does not work and even if it does not everyone i mean it rarely happen unless your grace and luck is more than sufficient. there are people who are struggling to become patient yet they can not... because all their thoughts are centered in short term.

Bitcoin isn't gambling and so grace and luck has no place in it... The plain and simple truth is that Bitcoin isn't a get quick rich scheme, and anyone with such a mentality will hardly have good results from their accumulation no matter their supposed level of grace and luck..So in short, patience is very vital to an individual investment journey no two ways about that.. Patience here means the ability of folks to HODL for a long term duration of says 10year without engaging in short term trading.. Patience isn't an innate ability, it is actually an habit that can be learnt and built .. And if one is able to accept that Bitcoin isn't a get rich quick scheme, then it makes it more easier to focus on their long term plan instead of checking the high and the lows of Bitcoin's price while expecting some quick results..

I guess the the grace and luck he's referring to is concerning trading, but he didn't make his statement clear. He was trying to say that it takes grace and luck to be successful if someone fail to prioritise long term holding and he's right to an extent cause only few traders manage to make better profits of trading with Bitcoin so it's not encouraging. Seeking financial freedom shouldn't be dependent on luck or chance so people who deviate from holding longer would finally realise on the long run and fall back to it, by then they'll understand that patience is the key and try to maintain consistency in accumulation while they hold. Many Bitcoiners have lost their track chasing quick profits but still fall back to long term holding.

Grace and luck can be described in the context of bitcoin investing too. 

There is a certain amount of luck for guys to get into bitcoin early and to be able to continue to buy bitcoin for years and years and years and to have had ended up erroring mostly on the side of buying and holding and then to get various levels of payoffs over the years.

In the process of accumulating bitcoin, there is no real way to have had confidence that those kinds of great outcomes were going to play out and pay off for guys who had gotten into bitcoin in years gone by, and at the same time, guys are at differing points in their bitcoin accumulation journey, so those guys who have been accumulating bitcoin longer periods of time have tended to do better with the outcome of their grace and luck as compared with guys who are more recently accumulating bitcoin. 

It seems to me that even guys who have been accumulating 3-4 years might still feel some grace and luck to have had been able to both identify bitcoin as an investment and to spend time, energy and value accumulating as many bitcoin as they had been able to accumulate up until now, even if they are not quite done with their bitcoin accumulation process.

[Qhunman]

The fact that people are not holding bitcoin for a long term does not mean they do not know that bitcoin is a long term investing they do... but the problem they have is impatient. Patient is what some folks do not have, they just want to become rich overnight which off cause does not work and even if it does not everyone i mean it rarely happen unless your grace and luck is more than sufficient. there are people who are struggling to become patient yet they can not... because all their thoughts are centered in short term.

That's the point alot of people are missing out,there perspective about bitcoin investment and motives as to why they are investing in bitcoin determine if they actually will make it in bitcoin. You cannot have a motive of making it big in bitcoin when you don't have a long-term term investment perspective it definitely won't work out. If you don't see bitcoin as a long term investment then its better you don't invest at all because you definitely will not have the patience to hold for the long term since it was never your intention in the first place.

[EstherBtc]

Bitcoin accumulation is no longer cheap compared to back in day when one could get one bitcoin for $10, $100 or even a $1000. the price of one bitcoin as a today  is $63k. But you can still invest in bitcoin with any amount if money you want to.
https://coinmarketcap.com/currencies/bitcoin/

Should the current price discourage you? No, but it should guide your investment plan. Whether the fund comes from discretionary funds or emergency funds as long as the funds are legitimate, the most important question is whether bitcoin is worth investing in? in my opinion the answer is yes. This also depends if you understand that bitcoin is a long term investment (that can be up to 20 years) and not for quick profits. And that i think is the reason the OP made this thread.

[Razmirraz]

Bitcoin accumulation is no longer cheap compared to back in day when one could get one bitcoin for $10, $100 or even a $1000. the price of one bitcoin as a today  is $63k. But you can still invest in bitcoin with any amount if money you want to.

That's right, you don't need to buy a whole Bitcoin to start investing because Bitcoin can be divided up to eight decimal places. The smallest unit of Bitcoin is called a "Satoshi" (1 Satoshi = 0.00000001 Bitcoin). The price of $63,000 seems expensive if you want to buy 1 Bitcoin, but it is cheap when you want to start. Now the important thing is not whether you can afford to buy 1 Bitcoin or not, but the most important thing is that you have to consistently accumulate sats.

Should the current price discourage you? No, but it should guide your investment plan. Whether the fund comes from discretionary funds or emergency funds as long as the funds are legitimate, the most important question is whether bitcoin is worth investing in? in my opinion the answer is yes. This also depends if you understand that bitcoin is a long term investment (that can be up to 20 years) and not for quick profits. And that i think is the reason the OP made this thread.

As long as you understand what you are buying, use cold money and are able to hold it for 5-10 years, I think whatever the price is at that time will not scare you. Never be discouraged and feel like you're late to the game because the long-term thesis hasn't changed.
A scarcity of 21 million units, the most secure network, institutional adoption, ETF, and countries are also starting to enter, This means that Bitcoin is starting to mature, and it is very likely that its value will increase in the future.

[Finebone]

. Whether the fund comes from discretionary funds or emergency funds as long as the funds are legitimate, the most important question is whether bitcoin is worth investing in? in my opinion the answer is yes. 

You said a lot in your post, but what caught my attention is this statement I highlighted.

Your sentiment in this your statement shows that you don't think that their is nothing wrong for a bitcoin investor to invest from his discretionary income or his emergency funds, that's wrong in my own perspective, because once you start investing from your emergency funds, just know that you are no longer investing in Bitcoin, but rather you are gambling with your entire Bitcoin portfolio, because if any emergency situation arise at that particular time your emergency funds have been invested in bitcoin, just know that you will be forced to sell, even when you never wanted to, so I believe that it's wrong to invest from your emergency funds because that is like gambling with your entire Bitcoin portfolio.

[Nwaswago]

. Whether the fund comes from discretionary funds or emergency funds as long as the funds are legitimate, the most important question is whether bitcoin is worth investing in? in my opinion the answer is yes. 

You said a lot in your post, but what caught my attention is this statement I highlighted.

Your sentiment in this your statement shows that you don't think that their is nothing wrong for a bitcoin investor to invest from his discretionary income or his emergency funds, that's wrong in my own perspective, because once you start investing from your emergency funds, just know that you are no longer investing in Bitcoin, but rather you are gambling with your entire Bitcoin portfolio, because if any emergency situation arise at that particular time your emergency funds have been invested in bitcoin, just know that you will be forced to sell, even when you never wanted to, so I believe that it's wrong to invest from your emergency funds because that is like gambling with your entire Bitcoin portfolio.

I agree that research should come before investing, but I also think knowledge alone isn't enough. Many people understand Bitcoin's fundamentals yet still panic during a 30–50% drawdown because emotions often override logic when real money is involved.
That's why beginners should prepare both financially and emotionally. Investing only discretionary funds, having a long-term time horizon, and using a disciplined DCA strategy can reduce the temptation to make emotional decisions.
Patience isn't something that appears overnight either. It's built through experience, continuous learning, and investing amounts you can genuinely afford to leave untouched.

[B-BossMan]

The fact that people are not holding bitcoin for a long term does not mean they do not know that bitcoin is a long term investing they do... but the problem they have is impatient. Patient is what some folks do not have, they just want to become rich overnight which off cause does not work and even if it does not everyone i mean it rarely happen unless your grace and luck is more than sufficient. there are people who are struggling to become patient yet they can not... because all their thoughts are centered in short term.

Bitcoin isn't gambling and so grace and luck has no place in it... The plain and simple truth is that Bitcoin isn't a get quick rich scheme, and anyone with such a mentality will hardly have good results from their accumulation no matter their supposed level of grace and luck..So in short, patience is very vital to an individual investment journey no two ways about that.. Patience here means the ability of folks to HODL for a long term duration of says 10year without engaging in short term trading.. Patience isn't an innate ability, it is actually an habit that can be learnt and built .. And if one is able to accept that Bitcoin isn't a get rich quick scheme, then it makes it more easier to focus on their long term plan instead of checking the high and the lows of Bitcoin's price while expecting some quick results..

I guess the the grace and luck he's referring to is concerning trading, but he didn't make his statement clear. He was trying to say that it takes grace and luck to be successful if someone fail to prioritise long term holding and he's right to an extent cause only few traders manage to make better profits of trading with Bitcoin so it's not encouraging. Seeking financial freedom shouldn't be dependent on luck or chance so people who deviate from holding longer would finally realise on the long run and fall back to it, by then they'll understand that patience is the key and try to maintain consistency in accumulation while they hold. Many Bitcoiners have lost their track chasing quick profits but still fall back to long term holding.

Grace and luck can be described in the context of bitcoin investing too.  

There is a certain amount of luck for guys to get into bitcoin early and to be able to continue to buy bitcoin for years and years and years and to have had ended up erroring mostly on the side of buying and holding and then to get various levels of payoffs over the years.

In the process of accumulating bitcoin, there is no real way to have had confidence that those kinds of great outcomes were going to play out and pay off for guys who had gotten into bitcoin in years gone by, and at the same time, guys are at differing points in their bitcoin accumulation journey, so those guys who have been accumulating bitcoin longer periods of time have tended to do better with the outcome of their grace and luck as compared with guys who are more recently accumulating bitcoin.  

It seems to me that even guys who have been accumulating 3-4 years might still feel some grace and luck to have had been able to both identify bitcoin as an investment and to spend time, energy and value accumulating as many bitcoin as they had been able to accumulate up until now, even if they are not quite done with their bitcoin accumulation process.

Sured. I do agree with this because the context of grace and luck frequently works hand in hand in bitcoin. The simple example of it was the earliest adopters of bitcoin, many of them started when some very few people then understood what bitcoin would actually become in future, the opportunity then looks unimportant at that time to some folks, but those that stick committed with consistency eventually achieved a great results. The long-term patience first allows what seemed to be luck to developed into a huge life changing benefits or asset.

The huge mistakes some newbies makes today was too much expectation on quick money or profits by trading or gambling. Thier mindset totally makes it difficult for them to appreciate what exactly the long-term holders have been benefited. That's why they always assumed that the long-term holders got lucky easily, while forgotten the several years they have been consistent and disciplines required to hold through. The Grcace actually opens the doors, but steady accumulation and the long-term patience are what allows the opportunity to yield great or successful meaningful results.

[suhadi88]

The huge mistakes some newbies makes today was too much expectation on quick money or profits by trading or gambling. Thier mindset totally makes it difficult for them to appreciate what exactly the long-term holders have been benefited. That's why they always assumed that the long-term holders got lucky easily, while forgotten the several years they have been consistent and disciplines required to hold through. The Grcace actually opens the doors, but steady accumulation and the long-term patience are what allows the opportunity to yield great or successful meaningful results.

Those who entered early certainly had many wins, but many were less fortunate because they prematurely disposed of their assets during a price surge they thought was the optimal time to sell, but that was already past.

Currently, conditions are different: prices have reached their highest levels several times, and of course, corrections are always present. Yes, opportunities always exist if we invest long-term in BTC, one of which is using the DCA technique.

[Silikiem]

. Whether the fund comes from discretionary funds or emergency funds as long as the funds are legitimate, the most important question is whether bitcoin is worth investing in? in my opinion the answer is yes. 

You said a lot in your post, but what caught my attention is this statement I highlighted.

Your sentiment in this your statement shows that you don't think that their is nothing wrong for a bitcoin investor to invest from his discretionary income or his emergency funds, that's wrong in my own perspective, because once you start investing from your emergency funds, just know that you are no longer investing in Bitcoin, but rather you are gambling with your entire Bitcoin portfolio, because if any emergency situation arise at that particular time your emergency funds have been invested in bitcoin, just know that you will be forced to sell, even when you never wanted to, so I believe that it's wrong to invest from your emergency funds because that is like gambling with your entire Bitcoin portfolio.

I agree that research should come before investing, but I also think knowledge alone isn't enough. Many people understand Bitcoin's fundamentals yet still panic during a 30–50% drawdown because emotions often override logic when real money is involved.
That's why beginners should prepare both financially and emotionally. Investing only discretionary funds, having a long-term time horizon, and using a disciplined DCA strategy can reduce the temptation to make emotional decisions.
Patience isn't something that appears overnight either. It's built through experience, continuous learning, and investing amounts you can genuinely afford to leave untouched.

What kind of research about bitcoin investment do you think is going to be more clearer to you than the one you’re seeing from your real life experience. Researching about bitcoin can still be done even though you’ve already started bitcoin investment. For me, a basic knowledge and the availability of a discretionary income is good enough to get folks started in bitcoin investment rather than carrying on series of researches. Researching is good but the most research priority should be placed on figuring out a discretionary income to get started which is important for basic action where you can be gaining real life experience.

[Different patterns]

Let's look at it from this angle. If consistency is very important, what if someone's income is not consistent? That can be a problem. We can't all be always be financially capable to continuously buying Bitcoin all the time.

I think you made a very good point here, But I don't think inconsistent income  makes accumulating bitcoin for the long term impossible, because with the  help of the DCA strategy someone doesn't have to buy  the same amount of bitcoin every week or months. Because someone with irregular income  can buy when they have discretionary income  and pause when  they don't have. For example a freelancer  can invest during a good month and nothing during a bad one. The most important is to invest using only discretionary income and not money meant for essential needs.

For me, consistency here means returning to the plan whenever your finances allows you  and not investing the same amount.

You are obviously mixing a lot of things up especially with the DCA method. The DCA method requires regularity  in terms of when to huy and how much to invest per time. If you have irregular cash flow,  you can still use the DCA method but that will require making estimates based on average of your income flow for a period of six months or even a year. With this you will be able to have an estimate of your discretionary income from there you will know what to allocate to your monthly or weekly DCA. It is not complicated and there are many people with irregular cash flow that are using this method.

To me the most important part of the DCA is the opportunity to invest as much as my available discretionary income can carry within each time interval be it weeks or months, without having to time the market  and been consistent with it.

I don’t quite understand the part about making estimates based on your income flow over a year or 6months and using that to estimate a fixed DCA amount. That’s like projecting the amount you would invest even without sorting out your basic expenses first, which would be a wrong call. I would like to get proper clarification on that.

For convenience folks will create automated DCA, and usually in order to not cause issues for yourself, the DCA amounts will need to be fairly conservative so that there is not overspending.

Even though there can be some convenience with automated I prefer manual DCAs in order to be able to control the buy time and also to control the buy amount, yet surely some people do not want to think about their BTC buys and maybe they also have reasonable excuses of having a lot of other things going on in their lives that justify setting automated DCAs - which does not stop them from supplementing their automated DCAs with additional buys from time to time, either.

Automated DCA is also a good bitcoin strategy because it helps to stay consistent without  having to be remember weekly. It very good especially for people with busy schedules. But for me I also prefer manual DCA. Although automated is also a good option. i just prefer manual because I like buying bitcoin myself each time, that will give me flexibility to change amounts based on my available discretionary income. But my opinion, is people should stay consistently accumulating over a period of time. Some folks may combine the both, automated DCA for regular while annual purchases whenever they have extra money, but the most important is to stay disciplined and consistent.

[ZeroVinsonN]

Bitcoin accumulation is no longer cheap compared to back in day when one could get one bitcoin for $10, $100 or even a $1000. the price of one bitcoin as a today  is $63k. But you can still invest in bitcoin with any amount if money you want to.
https://coinmarketcap.com/currencies/bitcoin/

Should the current price discourage you? No, but it should guide your investment plan. Whether the fund comes from discretionary funds or emergency funds as long as the funds are legitimate, the most important question is whether bitcoin is worth investing in? in my opinion the answer is yes. This also depends if you understand that bitcoin is a long term investment (that can be up to 20 years) and not for quick profits. And that i think is the reason the OP made this thread.

You are making a very big mistake with something here, we don't ever invest in bitcoin with our emergency fund, it doesn't matter how you sugarcoat it, your emergency fund isn't meant for buying bitcoin, your emergency fund like your investment is gotten from your discretionary income, the same way you use a part of your discretionary income to buy bitcoin that's also how you use a part of your discretionary income to save up your emergency fund, your emergency is funds you set aside untouched unless an emergency (which is what you saved it for) happens, bitcoin investment isn't an emergency.

[Rabata]

Whether the fund comes from discretionary funds or emergency funds as long as the funds are legitimate, the most important question is whether bitcoin is worth investing in? in my opinion the answer is yes.

Your discussion is strange. Whether your money comes from a legal source and whether that money is suitable for investment are two completely different questions. If being legal was the only condition for investment, then the money required for house rent, medical treatment, food or children's education would also be investable. But in reality, the main condition for investment is to have common sense and have discretionary income. Your common sense is that you can go to the market and buy products and calculate the price. And discretionary income is the part that is left after meeting your medical, rent, family responsibilities or all your necessary expenses. If you have common sense, then you can make decisions with that and start investing with discretionary income.

[Brizi5000]

Bitcoin accumulation is no longer cheap compared to back in day when one could get one bitcoin for $10, $100 or even a $1000. the price of one bitcoin as a today  is $63k. But you can still invest in bitcoin with any amount if money you want to.
https://coinmarketcap.com/currencies/bitcoin/

Should the current price discourage you? No, but it should guide your investment plan. Whether the fund comes from discretionary funds or emergency funds as long as the funds are legitimate, the most important question is whether bitcoin is worth investing in? in my opinion the answer is yes. This also depends if you understand that bitcoin is a long term investment (that can be up to 20 years) and not for quick profits. And that i think is the reason the OP made this thread.

Does the Op’s reason for creating the thread also include that of advising people to invest with their emergency funds?. You need to get your fact right so you don’t mislead newbies into doing the wrong thing with their investment. Emergency funds is mainly for use in and emergency situations so that we don’t have to tend towards selling off out bitcoin holdings during emergency situations as emergency can happen anytime so if you now used up your emergency funds to invest in bitcoin and later on you got involved in a serious emergency situation what will you use to sort yourself out, at that moment you will sell your bitcoin holdings prematurely and most time in a huge loss due to high volatility of bitcoin thereby destroying your long term investment goal. The only cash you’re meant to use for investing In bitcoin is just a discretionary income, and form such discretionary income you can also keep some for your emergency funds.

[samadam007]

Sured. I do agree with this because the context of grace and luck frequently works hand in hand in bitcoin. The simple example of it was the earliest adopters of bitcoin, many of them started when some very few people then understood what bitcoin would actually become in future, the opportunity then looks unimportant at that time to some folks, but those that stick committed with consistency eventually achieved a great results. The long-term patience first allows what seemed to be luck to developed into a huge life changing benefits or asset.

The huge mistakes some newbies makes today was too much expectation on quick money or profits by trading or gambling. Thier mindset totally makes it difficult for them to appreciate what exactly the long-term holders have been benefited. That's why they always assumed that the long-term holders got lucky easily, while forgotten the several years they have been consistent and disciplines required to hold through. The Grcace actually opens the doors, but steady accumulation and the long-term patience are what allows the opportunity to yield great or successful meaningful results.

It’s better if you don’t describe Bitcoin success as grace and luck because you it makes it sound too easy. Some of those early adopters benefitted buying early, but they also took a big risk when nobody knew if BTC would be a success or not. It could have gone to zero, Governments could have banned it, It might never been widely adopted, or it’s technology could have failed. Looking back now,it’s very easy to call it luck, but at that time the outcome and success was not certain at all

Long term holding and steady accumulation can improve one’s chances, but don’t forget that they do not guarantee success. Bitcoin did well in the past, but nobody know exactly what it will happen in the future. It is better to encourage people to have realistic expectations, manage their risk properly, and only invest money they can afford to leave invested over time

[Chinesebaby]

Whether the fund comes from discretionary funds or emergency funds as long as the funds are legitimate, the most important question is whether bitcoin is worth investing in? in my opinion the answer is yes.

Your discussion is strange. Whether your money comes from a legal source and whether that money is suitable for investment are two completely different questions.

Yes, I totally agree with you in regards to your view how the legitimacy of a money does not automatically makes it suitable for investing in Bitcoin, but rather it's usage is what matters most between a discretionary income or an emergency fund, which is okay for investing in Bitcoin? And I will like to explain these two properly, because just as a discretionary income is said to be an income or money that is left aside after you might have paid for all the basic and essential things you needed. While emergency fund is said to be that money that was saved or kept to be used for emergency situations. Or for this that just arise without planning. Because that's what an emergency fund does, and since Bitcoin is a volatile decentralized digital currency, it will be unwise to invest an emergency fund in Bitcoin. Because imagine a scenario whereby you invested your emergency fund in Bitcoin and it's value drop by 5% and, then the need for the emergency than arises at the same time, what will you do? And that's why we always emphasize on discretionary income.

[Creeper0]

Automated DCA is also a good bitcoin strategy because it helps to stay consistent without  having to be remember weekly. It very good especially for people with busy schedules. But for me I also prefer manual DCA. Although automated is also a good option. i just prefer manual because I like buying bitcoin myself each time, that will give me flexibility to change amounts based on my available discretionary income. But my opinion, is people should stay consistently accumulating over a period of time. Some folks may combine the both, automated DCA for regular while annual purchases whenever they have extra money, but the most important is to stay disciplined and consistent.

There are some disadvantages to automated DCA, such as the possibility of investing outside discretionary funds and the lack of adjustment of the DCA amount with changes in expenses, etc. I find automated DCA most suitable for those whose expenses are stable or their discretionary funds are stable due to having a lot of money. However, you can decide to do either manual DCA or automated DCA considering your situation. I find manual DCA to be recommended in all cases. I think automated DCA is recommendable among certain people.

Personally, I prefer manual DCA and recommend manual DCA. Because, due to changing expenses, in manual DCA we can make changes as needed, we can temporarily stop considering the situation and can also be aggressive in DCA. The biggest advantage of manual DCA is that we can make necessary changes in investments considering the situation, which is a bit complicated in automated DCA.