JJG’s Outline of Bitcoin Investment Ideas

[ZeroVinsonN]

In a situation whereby someone has very little/no discretionary income. It is not about waiting after some time to gather more money, because that’s only temporary solution. Remember the amount has to be sustainable over time and you don’t want to get stranded again after some time. The best thing is to take a look at his cashflow if there’s a way to reduce or cut off unecessary expenses. Another option is for him to look for ways to multiply his earnings so discretionary becomes reasonable enough to invest in bitcoin and build financial cushion.

Looking for a way to increase your discretionary income if it's too small or to generate discretionary income if you aren't getting any is the smart move, we can't invest in bitcoin with money meant for something else, the moment you do that you will sell with no control because you will still need to take care of what that money was originally meant for.
Sometimes the best way to increase your discretionary income will be to increase your income, getting a second job might work for some but it's not realistic is some part of the world but if you can then do it, another way to increase your discretionary income will be to cut down on your expenses, the truth is that people spend on things they don't really need to spend on all in the name of comfort, as long as your life is not at risk you can do without a little comfort, sometimes people use expensive brands when they can get a cheaper alternative with the same quality, rather than having to fuel your vehicle to drive yourself to a place and back you could use the public transport, like I said, as long as your life is not at risk.

[JayJuanGee]

[editing out]

The 33%-33%-33% division may not be applicable for everyone. Because not everyone's income, expenses and responsibilities are the same. There are many whose backup fund is already strong, while some have so many responsibilities that if the backup fund is zero, it becomes more important to make it strong as well as dca in bitcoin .

Then the investment in Bitcoin and the backup fund money may have to be divided and allocated as about 50%/50%. When investing in Bitcoin from discretionary income, the fund should be allocated in such a way that sustainability is important. The person who will invest will decide this by calculating his financial status and expenses.

I personally am not in favor of keeping such a fixed ratio. A person will make DCA from discretionary income according to his financial status at that time and put it in the backup fund. And dividing the emergency fund, reserve fund type in the backup fund may seem complicated to a new investor in the beginning. So the simple thing is a person will create a backup fund and invest in Bitcoin according to his convenience.

You are downplaying the 33% in each allocation of discretionary funds, and so you provide some reasonable reasons to change the allocations, yet when you end up proclaiming some kind of an allocation that you consider to be reasonable, you end up ONLY focusing on two of the categories, and you completely ignore (or discount to zero) one of the categories, which is discretionary consumption.

You also talk about emergency funds and reserve funds in such a way that causes me to speculate that you might consider them to be two different categories, even though you acknowledge each of them to be within back up funds.

In other words, you are speaking in somewhat unclear ways in regards to both your criticism of Emjay24 and also in terms of your proposed reframing of a supposed better way forward.

The 33%-33%-33% division may not be applicable for everyone. Because not everyone's income, expenses and responsibilities are the same. There are many whose backup fund is already strong, while some have so many responsibilities that if the backup fund is zero, it becomes more important to make it strong as well as dca in bitcoin .

Then the investment in Bitcoin and the backup fund money may have to be divided and allocated as about 50%/50%. When investing in Bitcoin from discretionary income, the fund should be allocated in such a way that sustainability is important.

Talking about the highlighted statement, I think that the only set of people these methods of division of our discretionary income is not applicable to are those that have already stack up their back up funds to protect their investment, but as for those that are just starting out, it is very necessary, in other for your investment to have a solid foundation from the start.

To me, it seems practical that on a regular basis none of the fields would go to zero, even the back up funds field, except maybe if a person is considering that they are way overstacked in the back up funds arena.. otherwise, maybe if priority is given to investing in bitcoin, then there would still be some value that is used for discretionary consumption and some value that would go into back up funds, even if there might be some weeks (or whatever your investment period might be) that the amount going into back up funds and/or discretionary consumption might only be 1% to 5% in each of those categories.

Think practically, and thinking in terms of 100% and 0% does not seem to be very practical on a regular basis, even though sure, once in a while, there might be extremes, yet the normal mode of operation would have some amounts that go into each of the categories, even though from week to week there could be variability, too.

Additionally, their should be no point in your investment journey that you should divide your discretionary income 50/50, uses one place for investment and one place to strengthen your back up funds because you have practically neglected your discretionary consumption funds.

Ok. this seems to be similar to my point, too.

You may not make provisions for your back up funds from your discretionary income if your backup funds is already strong enough to sustain you for more than three months of expenses, and you can channel that money to invest aggressively, but you see the discretionary consumption funds, it should not be neglected no matter what.

My additional point is that none of the fields should be neglected, even though surely there could be some recognition that the back up funds have enough or more than enough contained therein.. which surely may depend on future income/expenses that are expected... so of course, there is likely to be individual variance in regards to how to strike the various balances and how to prioritize from week to week or even how some goals might be being attained and even the extent to which there might be perceptions of enough life balances that can also change from time to time.

[edited out]

There is no need to wait until a large amount of capital is accumulated to start investing. Regular DCA can be started with small amounts within the capacity. This creates an investment habit and there is no need to risk a large amount of money at once. Increasing the amount must be consistent with the person's cash flow or income growth. It is not right to suddenly bring a large part of the income into investment due to interest in Bitcoin or the hope of higher profits in the future. The basis for increasing the investment amount is to increase capacity, not interest. The investment will grow gradually but will not create unnecessary pressure on one's financial capacity.

I agree with everything that you said @Cgrexp, except I would suggest that there might be times in which guys might purposefully choose to increase or decrease their level of aggressiveness within parameters that they consider to be reasonable and sure they might get it wrong and we might not agree with their approach, yet at the same time, each bitcoin buyer is free to make those kinds of allocation and/or level of aggressiveness determinations even if they might end up getting it wrong and even with a recognition that there is no "perfect" way in going about these matters, and since we are human sometimes our emotions get in the way and we get things wrong, while at the same time, we have to figure out a balance (including psychology) that is mostly comfortable for us within how we are thinking and/or feeling at the time that we make our balancing decision(s).

[edited out]

You need to understand the concept of percentages, keeping a fixed ratio does not stop the person from investing according to his financial strength, the ratio is calculated from his available discretionary income. It is in a bid to help him manage his cash-flow properly. If there is no pre-determined sharing formula for his discretionary income, it is easy for the investor to invest over aggressively, giving less priority to backup funds and leaving their portfolio vulnerable in the face of an emergency.

The investor can still tweak the percentages how it suits him in his investment, it is just a guide to good cash-flow management. It is always better to plan finances very well before taking actions on it.

I would phrase your last sentence differently, and perhaps I would suggest that it would be better to phrase it something like this:

"It is good for bitcoin investors to ongoingly pay attention to their levels in each of the three categories and to tweak in accordance with their own balances and priorities"

[edited out]

It is not compulsory to build an emergency fund as one begins to invest Bitcoin and there is no measurement or time frame for when one is supposed to build an emergency fund. One can start investing in bitcoin but even if the emergency fund is not avaliable this doesn't mean you dont need it or you can invest without having it. If emergency fund is not available while you begin bitcoin investment,  building and investment still needs to be considered and should be in the plan provided when one can start building it. Emergency fund is very important,  the only thing is that it can come later while investing bitcoin is on.

Your statement is confusing @Sobz.

Of course, having a full emergency fund is not needed before starting bitcoin, yet a bitcoin beginner needs to have some back up funds to start so that he does not invest beyond his discretionary funds, and if a bitcoin beginner is starting with low levels or close to no back up funds, then it is likely important that he gives a reasonable amount of priority to making sure that he is building his back up funds along with his bitcoin, right from the start and not fuck around with either ignoring back up funds or considering them as something that can be deferred until some later point down the road.

Any newbie who is serious about making sure that his bitcoin is an investment rather than a gamble, has to pay attention to back up funds so that he does not end up having to sell any of his bitcoin at a time that was not of his own choosing, and surely even if guys might not agree to a 4-10 year or longer investment plan with their bitcoin, many of us recognize and appreciate that investing in bitcoin is a 4-10 year or longer commitment, even if the newbies might still be in the process of figuring that out.

[Hardyrobust]

Increasing levels of aggressiveness based on price is a wrong move by any investor, it shows greed or carelessness rather than an investment strategy or plan.

The essence of investing in bitcoin will be defeated if an investor decides to start buying aggressively in dip periods without considering their available discretionary income and goes beyond it to invest with money meant for basic expenses.

Dip is always considered a great opportunity for a prepared investor to front load or double up their portfolio and in this regards I don't think there is something wrong if an investors has all takes to be aggressive I mean if an investor is prepared like I said earlier, there is not hing bad if they chose to be aggressive but people who don't understand how things works will want to follow someone who has prepared for this time to come to be aggressive and guess what, it will be a great disaster or disadvantage to those kind of investors because everything is planning and calculation.

waiting for dip to buy bitcoin aggressively is not really a good because this approach doesn't give room for consistency and it may result to missing out in buying opportunities while waiting for a dip that you can't predict when it will occur. Aggressive buying of bitcoin shouldn't be as result of a dip but rather it should be based on an investor financial situation. There are people that may be tempted to be more aggressive during a dip and as a result they will used more than the amount they can afford to leave untouched. So I think, aggressive buying shouldn't be done because of a dip but should be tailored to how much of the discretionary income you can used to accumulate bitcoin without it affecting basic or essential needs.

[Homemade-IQ]

waiting for dip to buy bitcoin aggressively is not really a good because this approach doesn't give room for consistency and it may result to missing out in buying opportunities while waiting for a dip that you can't predict when it will occur. Aggressive buying of bitcoin shouldn't be as result of a dip but rather it should be based on an investor financial situation. There are people that may be tempted to be more aggressive during a dip and as a result they will used more than the amount they can afford to leave untouched. So I think, aggressive buying shouldn't be done because of a dip but should be tailored to how much of the discretionary income you can used to accumulate bitcoin without it affecting basic or essential needs.

I agree with you that aggressive purchase of Bitcoin should not be done because of a certain market condition, but rather it should be done based on the availability and the size of your discretionary income. Those that focus on the dip will not accumulate Bitcoin as quickly as someone that is accumulating consistently through the dca accumulating strategy, because I believe that the dca accumulating strategy is superior to dip buying that will compel you to be waiting for it before buying.

[Mummy OS]

waiting for dip to buy bitcoin aggressively is not really a good because this approach doesn't give room for consistency and it may result to missing out in buying opportunities while waiting for a dip that you can't predict when it will occur. Aggressive buying of bitcoin shouldn't be as result of a dip but rather it should be based on an investor financial situation. There are people that may be tempted to be more aggressive during a dip and as a result they will used more than the amount they can afford to leave untouched. So I think, aggressive buying shouldn't be done because of a dip but should be tailored to how much of the discretionary income you can used to accumulate bitcoin without it affecting basic or essential needs.

I agree with you that aggressive purchase of Bitcoin should not be done because of a certain market condition, but rather it should be done based on the availability and the size of your discretionary income. Those that focus on the dip will not accumulate Bitcoin as quickly as someone that is accumulating consistently through the dca accumulating strategy, because I believe that the dca accumulating strategy is superior to dip buying that will compel you to be waiting for it before buying.

I don't see any good reason to why investors would be rushing to accumulate Bitcoin when they can do it gradually. The buying gradually is a simple way to buy and own Bitcoin at different prices which is far better than bulk buying.

One thing I have realized is that the whales are not doing bulk buying like many ignorant investors do because they know the big gap it is going to reflex on the market price of Bitcoin if they buy in bulk. Most of these big investors have a similar buying pattern, sometimes they use VWAP: Volume Weighted Average Price to accumulate Bitcoin gradually so that the price they are buying do not have big influence in the market and this is mostly done gradually over a long period of time.

[drangos]

Increasing levels of aggressiveness based on price is a wrong move by any investor, it shows greed or carelessness rather than an investment strategy or plan.

The essence of investing in bitcoin will be defeated if an investor decides to start buying aggressively in dip periods without considering their available discretionary income and goes beyond it to invest with money meant for basic expenses.

Dip is always considered a great opportunity for a prepared investor to front load or double up their portfolio and in this regards I don't think there is something wrong if an investors has all takes to be aggressive I mean if an investor is prepared like I said earlier, there is not hing bad if they chose to be aggressive but people who don't understand how things works will want to follow someone who has prepared for this time to come to be aggressive and guess what, it will be a great disaster or disadvantage to those kind of investors because everything is planning and calculation.

waiting for dip to buy bitcoin aggressively is not really a good because this approach doesn't give room for consistency and it may result to missing out in buying opportunities while waiting for a dip that you can't predict when it will occur. Aggressive buying of bitcoin shouldn't be as result of a dip but rather it should be based on an investor financial situation. There are people that may be tempted to be more aggressive during a dip and as a result they will used more than the amount they can afford to leave untouched. So I think, aggressive buying shouldn't be done because of a dip but should be tailored to how much of the discretionary income you can used to accumulate bitcoin without it affecting basic or essential needs.

I think that discretionary income is the key factor, but I will add that a lower bit price does not mean that investors are more able to take risks. A 20% drop could seem like a good deal but if a person takes up a year of future savings to purchase that 20%, they've actually lost flexibility. I believe the best way is to determine how much you want to spend ahead of time. Then make your purchases at the right speed. This will enable a dip to affect the speed at which you deploy your allocation without altering the overall financial constraints that you already have.

[JayJuanGee]

waiting for dip to buy bitcoin aggressively is not really a good because this approach doesn't give room for consistency and it may result to missing out in buying opportunities while waiting for a dip that you can't predict when it will occur. Aggressive buying of bitcoin shouldn't be as result of a dip but rather it should be based on an investor financial situation. There are people that may be tempted to be more aggressive during a dip and as a result they will used more than the amount they can afford to leave untouched. So I think, aggressive buying shouldn't be done because of a dip but should be tailored to how much of the discretionary income you can used to accumulate bitcoin without it affecting basic or essential needs.

I agree with you that aggressive purchase of Bitcoin should not be done because of a certain market condition, but rather it should be done based on the availability and the size of your discretionary income. Those that focus on the dip will not accumulate Bitcoin as quickly as someone that is accumulating consistently through the dca accumulating strategy, because I believe that the dca accumulating strategy is superior to dip buying that will compel you to be waiting for it before buying.

I don't see any good reason to why investors would be rushing to accumulate Bitcoin when they can do it gradually. The buying gradually is a simple way to buy and own Bitcoin at different prices which is far better than bulk buying.

One thing I have realized is that the whales are not doing bulk buying like many ignorant investors do because they know the big gap it is going to reflex on the market price of Bitcoin if they buy in bulk. Most of these big investors have a similar buying pattern, sometimes they use VWAP: Volume Weighted Average Price to accumulate Bitcoin gradually so that the price they are buying do not have big influence in the market and this is mostly done gradually over a long period of time.

Why should we give too many shits about what BIG investors are doing?

Are you implying that normal people should emulate BIG investors?

By the way, if someone has a lot of funds they have options regarding how to deploy such funds.  They can lump sum, DCA and/or buy on dips, so they can combine strategies.

If a person does not have large sums or maybe only infrequently does such person get lump sums (or large sums) then such persons might have different considerations as compared with folks who either already have a lot of money or they have large lump sum amounts regularly coming to them.

I would suggest that an overwhelming majority of normal people should be spending time figuring out how to manage their income while also figuring out how much of their regular income they can put into bitcoin while making sure that they are also building and/or strengthening their cashflow management systems/practices... So in that regards, normal people do not tend to frequently have large lump sums to invest with, yet if they get into the practice of buying bitcoin and also strengthening their cashflow management practices/skills, then they may well end up putting themselves into more and more situations in which they are in a position to take advantage of lump sum amounts of money that they might end up coming accross.. even though having lump sum amounts may well not be a usual historical situation for them.

[edited out]

I think that discretionary income is the key factor, but I will add that a lower bit price does not mean that investors are more able to take risks. A 20% drop could seem like a good deal but if a person takes up a year of future savings to purchase that 20%, they've actually lost flexibility. I believe the best way is to determine how much you want to spend ahead of time. Then make your purchases at the right speed. This will enable a dip to affect the speed at which you deploy your allocation without altering the overall financial constraints that you already have.

You seem like you want to give advice @drangos, yet it is quite unclear what you are advising.

Sure, you have been registered on the forum for a long time (even a wee bit longer than me), yet you do not have much of  a posting history, relatively speaking - and this post comes in the context of my own thread, so maybe you want to make some of your suggestions in light of the various ways that I tend to talk about bitcoin investing and cashflow management or maybe you want to contrast with points that I might make from time to time.  In any event, there might be some value in providing some context, since I tend to be disinclined in terms of recommending buying the dip as compared with ongoingly investing, yet if a guy might have already been buying bitcoin for several years (perhaps even close 13 years?) then he might think differently in terms of his approach to bitcoin as compared with others, yet I still tend to presume that the audience tends to be guys who are either relatively new in their bitcoin accumulation journey (such as within their first 4 years of bitcoin accumulation), and/or that they also might be working on strengthening their cashflow management systems and practices (including back up funds). 

[Perfect-World]

waiting for dip to buy bitcoin aggressively is not really a good because this approach doesn't give room for consistency and it may result to missing out in buying opportunities while waiting for a dip that you can't predict when it will occur. Aggressive buying of bitcoin shouldn't be as result of a dip but rather it should be based on an investor financial situation. There are people that may be tempted to be more aggressive during a dip and as a result they will used more than the amount they can afford to leave untouched. So I think, aggressive buying shouldn't be done because of a dip but should be tailored to how much of the discretionary income you can used to accumulate bitcoin without it affecting basic or essential needs.

I agree with you that aggressive purchase of Bitcoin should not be done because of a certain market condition, but rather it should be done based on the availability and the size of your discretionary income. Those that focus on the dip will not accumulate Bitcoin as quickly as someone that is accumulating consistently through the dca accumulating strategy, because I believe that the dca accumulating strategy is superior to dip buying that will compel you to be waiting for it before buying.

I don't see any good reason to why investors would be rushing to accumulate Bitcoin when they can do it gradually. The buying gradually is a simple way to buy and own Bitcoin at different prices which is far better than bulk buying.

One thing I have realized is that the whales are not doing bulk buying like many ignorant investors do because they know the big gap it is going to reflex on the market price of Bitcoin if they buy in bulk. Most of these big investors have a similar buying pattern, sometimes they use VWAP: Volume Weighted Average Price to accumulate Bitcoin gradually so that the price they are buying do not have big influence in the market and this is mostly done gradually over a long period of time.

Why should we give too many shits about what BIG investors are doing?

Are you implying that normal people should emulate BIG investors?

By the way, if someone has a lot of funds they have options regarding how to deploy such funds.  They can lump sum, DCA and/or buy on dips, so they can combine strategies.
 

Emulating big investors may not go down well with some other investors since they have different motives, income variations and sometimes also different priorities to there investment. So I think it's totally wrong to do so.

So, everyone to his own ability and financial strength and practice. I believe one the major thing with the big investors is that, since they have the money flexibility, they tend to carryout some buying patterns or sometimes proclaim things that may not be suitable for a low income earner and investor, and at this point, if such a a low income earner tries to emulate them, then they are sure to face big problems with there subsequently.

I think the major thing here is buying, been able to figure out your discretionary and keep accumulating Bitcoin as much as you can, while ensuring a better allocation and income management practice. Though there could be sometimes that low income earners and investors can learn a thing or two from there investment pattern, but heavily emulating them might give you future problems.

[Different patterns]

I would suggest that an overwhelming majority of normal people should be spending time figuring out how to manage their income while also figuring out how much of their regular income they can put into bitcoin while making sure that they are also building and/or strengthening their cashflow management systems/practices... So in that regards, normal people do not tend to frequently have large lump sums to invest with, yet if they get into the practice of buying bitcoin and also strengthening their cashflow management practices/skills, then they may well end up putting themselves into more and more situations in which they are in a position to take advantage of lump sum amounts of money that they might end up coming accross.. even though having lump sum amounts may well not be a usual historical situation for them.

I agree with your suggestion, this is important part that every bitcoin accumulators, even newbie who is planning to invest into bitcoin should clearly understand. At the starting, is not necessarily mean you must have a large money to start with or invest in, but knowing how to make use of whatever  money that already coming to you, is very important, if persons can consistently manage a little amount of income and still manage to put something for bitcoin, already that person is building a system that can be useful as their financial situation allow. That’s the one of the reasons i just see regularly buying or accumulating bitcoin as best approach, instead of waiting for large amounts to start. You engaging in regular buying can also help you to learn how to manage your money properly, start with what you can comfortably afford, be consistent, and also improve your financial discipline along side, then, if eventually there’s any other opportunity coming to you , already you are in position to do whatever you want.

[Princess Leah]

Your statement is confusing @Sobz.

Of course, having a full emergency fund is not needed before starting bitcoin, yet a bitcoin beginner needs to have some back up funds to start so that he does not invest beyond his discretionary funds, and if a bitcoin beginner is starting with low levels or close to no back up funds, then it is likely important that he gives a reasonable amount of priority to making sure that he is building his back up funds along with his bitcoin, right from the start and not fuck around with either ignoring back up funds or considering them as something that can be deferred until some later point down the road.

Any newbie who is serious about making sure that his bitcoin is an investment rather than a gamble, has to pay attention to back up funds so that he does not end up having to sell any of his bitcoin at a time that was not of his own choosing, and surely even if guys might not agree to a 4-10 year or longer investment plan with their bitcoin, many of us recognize and appreciate that investing in bitcoin is a 4-10 year or longer commitment, even if the newbies might still be in the process of figuring that out.

That's another form of procrastination cause the emergency fund is not something that must be built in one day, so instead of an investor to wait and completely build it which might take longer is better to build it together with the investment, the major thing is to ensure that the discretionary fund for starting is intact.

 The backup funds are important for the investment to be sustained for longer cause they have their roles to play in making that possible but shouldn't hinder a beginner from starting since they can be built along with the investment.

[Alonso_]

I don't see any good reason to why investors would be rushing to accumulate Bitcoin when they can do it gradually. The buying gradually is a simple way to buy and own Bitcoin at different prices which is far better than bulk buying.
 

I don’t think there is any problem if an investor chooses to invest in bitcoin aggressively considering that you have a discretionary income and you want to lump sum there is nothing wrong with that which is why there are different techniques of buying bitcoin, nothing is wrong with that as it gives opportunities to buy more bitcoin, whatever works for anyone, considering that you’re not waiting to buy the dip, instead you’re focused on buying bitcoin regularly, being aggressive isn’t bad, as long as you’re buying bitcoin and applying caution, by knowing your limit when to buy aggressively and when not to buy aggressively, everything have to do with strategy that works best for anyone.

[Sammysmart001]

The backup funds are important for the investment to be sustained for longer cause they have their roles to play in making that possible but shouldn't hinder a beginner from starting since they can be built along with the investment.

That true, this because  if people are going to wait until they have fully gather their emergency funds first before now decide on buying Bitcoin, they might end up not starting. Most especially this days how inflation eats up fiat money.
For a normal earner the most practical thing to do is for you to just build up the both at the same time. Juat a strategy of dividing what soever extra money you have each month. Some of the part into Bitcoin while the other for emergency backup funds.

With this strategy you are already protecting urself from unexpected expense today while on the other hand still securing your Bitcoin for long term wealth. It will be a waste of valuable time if deciding on to be perfect before starting the other.

[Promocodeudo]

I don't see any good reason to why investors would be rushing to accumulate Bitcoin when they can do it gradually. The buying gradually is a simple way to buy and own Bitcoin at different prices which is far better than bulk buying.

If an investors has all it take to buy in bulk, there is absolutely nothing wrong with that, but it's shouldn't be done ignorantly, I mean we should not buy with the amount that will weigh us down, it should be with our discretionary income, buying in bulk should not be because oke want to compete, but if we have the financial strength and we know that it won't have any effect on us, then we can go ahead, if there's no good reason for anyone to buy in bulk then you're indirectly saying that those that buy in lump sum are doing the wrong thing, which I don't agree with that, our financial ability determines how much we can be able to figure out as our discreationary income and the more discreationary income we have, the higher the purchase, another thing is, buying in bulk does not stop you from buying little by little after, as long as you have not reached your overacumulation level.

[Creeper0]

I don't see any good reason to why investors would be rushing to accumulate Bitcoin when they can do it gradually. The buying gradually is a simple way to buy and own Bitcoin at different prices which is far better than bulk buying.

If an investors has all it take to buy in bulk, there is absolutely nothing wrong with that, but it's shouldn't be done ignorantly, I mean we should not buy with the amount that will weigh us down, it should be with our discretionary income, buying in bulk should not be because oke want to compete, but if we have the financial strength and we know that it won't have any effect on us, then we can go ahead, if there's no good reason for anyone to buy in bulk then you're indirectly saying that those that buy in lump sum are doing the wrong thing, which I don't agree with that, our financial ability determines how much we can be able to figure out as our discreationary income and the more discreationary income we have, the higher the purchase, another thing is, buying in bulk does not stop you from buying little by little after, as long as you have not reached your overacumulation level.

If a person has a large amount of discretionary money, then he can do DCA with that money or buy aggressively or he can also buy through Lump Sum strategy if he wants. There is no obligation, it is just advised that you do not waste your valuable time by waiting for a specific price.

You can buy freely in any way with additional discretionary money. But for this we should not forget consistency. Being aggressive in investing or moving quickly with additional money in investing is not a matter of face. To be active with investment, we must give utmost importance to consistency. No action should be taken that threatens consistency and holding.

[IceLincoln]

you don’t need to build up your emergency funds immediately as you start your investment, that is obtainable when you’ve gotten to three months of your bitcoin investment.

Is this for real or you do not mean what you said here, so what if you run into some emergency within this your preferable 3months, what happens then, it means you have to withdraw from your investment that have not reach anywhere, let me assume that you did not read what you said, because this is not a good suggestion or advice, I have not heard this before, what I know is that, it is not mandatory that we should build emergency funds before we start investing but as soon as we start acumulating Bitcoin, both should be done concurrently because of how important and unexpected emergency situations can be, no one should play with such important thing man.

It is not compulsory to build an emergency fund as one begins to invest Bitcoin and there is no measurement or time frame for when one is supposed to build an emergency fund. One can start investing in bitcoin but even if the emergency fund is not avaliable this doesn't mean you dont need it or you can invest without having it. If emergency fund is not available while you begin bitcoin investment,  building and investment still needs to be considered and should be in the plan provided when one can start building it. Emergency fund is very important,  the only thing is that it can come later while investing bitcoin is on.

You’re kinda contradicting yourself with what you’re saying here, not compulsory to build an emergency fund based? And you went on to say it’s important at the end. You’re just bouncing around the whole concept.
You must not already have a built up emergency fund before you start investing but it’s necessary and essential you have some form of back up while starting out your investment. It’s not something you can put off to do it later in the future because it can’t be achieved in one go and life emergencies is unexpected.
The importance of discretionary income and the emergency fund can not be overemphasised because daily people still need reminding and some still get confused.

[Showlove01]

I think that discretionary income is the key factor, but I will add that a lower bit price does not mean that investors are more able to take risks. A 20% drop could seem like a good deal but if a person takes up a year of future savings to purchase that 20%, they've actually lost flexibility. I believe the best way is to determine how much you want to spend ahead of time. Then make your purchases at the right speed. This will enable a dip to affect the speed at which you deploy your allocation without altering the overall financial constraints that you already have.

Discretionary income is very important in our Bitcoin investment because without it we can't be able to invest, while investors are busy accumulating their Bitcoin they should also make some funds available for the Dip if they are interested in doubling or been aggressive anytime the price Dip. And I see Dip as a big opportunity for those investors who  are ready for it and being aggressive when there is Dip doesn't mean you are taking much risk, as long as the fund is coming from your discretionary the risk is okay.

[ejikeme24]

If a person has a large amount of discretionary money, then he can do DCA with that money or buy aggressively or he can also buy through Lump Sum strategy if he wants. There is no obligation, it is just advised that you do not waste your valuable time by waiting for a specific price.

You're giving a wrong impression here, saying that if a person has a large amount of discretionary money, that they can do DCA with the money is more like advising them to go all-in when they are supposed to map out some portion of their discretionary income for their  emergency funds and discretionary spending before they can think of going all-in. I'm not against those who chose to be aggressive with their bitcoin investment, rather my only advice is that before they will think of buying aggressively they need to make sure that they have cut some shares for their emergency and discretionary spending after that they can choose whether they will go all-in or to maintain their normal method of buying bitcoin.

[RockBell]

I don’t think there is any problem if an investor chooses to invest in bitcoin aggressively considering that you have a discretionary income and you want to lump sum there is nothing wrong with that which is why there are different techniques of buying bitcoin, nothing is wrong with that as it gives opportunities to buy more bitcoin, whatever works for anyone, considering that you’re not waiting to buy the dip, instead you’re focused on buying bitcoin regularly, being aggressive isn’t bad, as long as you’re buying bitcoin and applying caution, by knowing your limit when to buy aggressively and when not to buy aggressively, everything have to do with strategy that works best for anyone.

And which ever way that they want to invest it does not really matter as far as they have a means of investment which is the discretionary income because when you have that then investment becomes a smooth journey and we can not be making mistakes, because that the only ticket to investment and there are actually different techniques that you can actually use to buying bitcoin and you can either use the dca or buy the dip and either of the two is actually very Okay and for the dip you have to wait until the market is experiencing bear.

Buying bitcoin consistently is what I will regard as the best because we can not just buy and then let the whole thing go we have to make sure we are doing the exact thing buy following the process of either buying the dip or doing dca but like I will always suggest dca is just the best for me.

[Creeper0]

If a person has a large amount of discretionary money, then he can do DCA with that money or buy aggressively or he can also buy through Lump Sum strategy if he wants. There is no obligation, it is just advised that you do not waste your valuable time by waiting for a specific price.

You're giving a wrong impression here, saying that if a person has a large amount of discretionary money, that they can do DCA with the money is more like advising them to go all-in when they are supposed to map out some portion of their discretionary income for their  emergency funds and discretionary spending before they can think of going all-in. I'm not against those who chose to be aggressive with their bitcoin investment, rather my only advice is that before they will think of buying aggressively they need to make sure that they have cut some shares for their emergency and discretionary spending after that they can choose whether they will go all-in or to maintain their normal method of buying bitcoin.

I'm just curious where you get these meanings from? Why do you think I'm advising you to invest with all your discretionary money? What I meant to say is that you can freely choose your investment strategy, but you are blaming me for the amount of investment! Very funny

Before writing any post, I think it's better not to create such misleading meanings. I have clearly talked about investment strategy, if you disagree with this, you can say so. But please don't blame me for what I didn't say or hint at!

[Primark]

you don’t need to build up your emergency funds immediately as you start your investment, that is obtainable when you’ve gotten to three months of your bitcoin investment.

Is this for real or you do not mean what you said here, so what if you run into some emergency within this your preferable 3months, what happens then, it means you have to withdraw from your investment that have not reach anywhere, let me assume that you did not read what you said, because this is not a good suggestion or advice, I have not heard this before, what I know is that, it is not mandatory that we should build emergency funds before we start investing but as soon as we start acumulating Bitcoin, both should be done concurrently because of how important and unexpected emergency situations can be, no one should play with such important thing man.

It is not compulsory to build an emergency fund as one begins to invest Bitcoin and there is no measurement or time frame for when one is supposed to build an emergency fund. One can start investing in bitcoin but even if the emergency fund is not avaliable this doesn't mean you dont need it or you can invest without having it. If emergency fund is not available while you begin bitcoin investment,  building and investment still needs to be considered and should be in the plan provided when one can start building it. Emergency fund is very important,  the only thing is that it can come later while investing bitcoin is on.

You’re kinda contradicting yourself with what you’re saying here, not compulsory to build an emergency fund based? And you went on to say it’s important at the end. You’re just bouncing around the whole concept.
You must not already have a built up emergency fund before you start investing but it’s necessary and essential you have some form of back up while starting out your investment. It’s not something you can put off to do it later in the future because it can’t be achieved in one go and life emergencies is unexpected.
The importance of discretionary income and the emergency fund can not be overemphasised because daily people still need reminding and some still get confused.

People often misunderstand this. The contrast you are talking about is actually twofold. "You can't start Bitcoin until you have a full emergency fund" is one thing. "It's okay to pour all your spare money into Bitcoin without any back-up at all" is another.

A new investor who wants to start and doesn't have an emergency fund doesn't need to wait until they have a full emergency fund. If they have a small amount of discretionary income after all their expenses are covered, they can start saving Bitcoin with a small amount. But they also need to focus on building a backup fund at the same time. Because if they don't have an emergency fund, investing in Bitcoin isn't really a long-term investment, it looks like an asset that they might have to sell in the event of a bad rent, medical bills, or income problem. So I think it's important to have a balance here. It is possible to get by without a 3-6 month emergency fund on the first day. But it is not right to buy aggressively without having any backup. Therefore, I think it may be realistic to keep a portion of discretionary income in Bitcoin, a portion in a backup fund, and for personal expenses, to maintain a balance.