JJG’s Outline of Bitcoin Investment Ideas

[Rabata]

I wonder where he got that notion from that he would rather have an emergency funds than investing, because in the context of Bitcoin investment, having them both is very important, because the survival of your Bitcoin holdings depends on your emergency funds, unless you are a rich fellow that have the leverage of investing without it, since their are friends, aunties, uncle or asset that can bail you out during emergencies,  but the truth is that it make no sense to be putting down an emergency funds when you don't even have a bitcoin stash, or you are just planning for the worst to happen to you, with no investment in sight?

Bitcoin investment doesn't care about status whether you are a rich folk or not,  you have to make sure you build your emergency funds later if you don't have the capacity to do it same time you started accumulating Bitcoin so that it doesn't cost you. Some people think that being rich automatically makes them unstoppable in Bitcoin investment that is not correct because the moment you fail to build your emergency funds, you will realized how wrong you have been. Any rich folk who understands how wealth is been created or made would never neglect the important of having emergency funds.

It can be quite difficult for people with limited income to accumulate Bitcoin and build an emergency fund. But for this reason alone, it is not appropriate to advise keeping the issue of an emergency fund aside for the future. Because a person can face unexpected financial situations even after starting to invest in Bitcoin. The point is that it is not possible to determine in advance when an emergency will arise. So, while it is not mandatory to have an emergency fund at the beginning of the investment, it can be logical to keep some extra money aside. Even if the issue of an emergency fund is not left for the future, it is necessary to consider it now. If you do not have the situation to do both at the same time, then taking some time is not a bad decision.

[Fuso.hp]

I wonder where he got that notion from that he would rather have an emergency funds than investing, because in the context of Bitcoin investment, having them both is very important, because the survival of your Bitcoin holdings depends on your emergency funds, unless you are a rich fellow that have the leverage of investing without it, since their are friends, aunties, uncle or asset that can bail you out during emergencies,  but the truth is that it make no sense to be putting down an emergency funds when you don't even have a bitcoin stash, or you are just planning for the worst to happen to you, with no investment in sight?

Bitcoin investment doesn't care about status whether you are a rich folk or not,  you have to make sure you build your emergency funds later if you don't have the capacity to do it same time you started accumulating Bitcoin so that it doesn't cost you. Some people think that being rich automatically makes them unstoppable in Bitcoin investment that is not correct because the moment you fail to build your emergency funds, you will realized how wrong you have been. Any rich folk who understands how wealth is been created or made would never neglect the important of having emergency funds.

I think that a person has enough money and because of this sufficient money, he is completely ready to meet all kinds of unexpected needs, but this is not the case. Many times, despite having money, there are some unexpected needs that the person has to struggle to meet.

Emergency fund and Bitcoin should be considered separately, basically Bitcoin is purchased for long-term investment and investors enrich their portfolios continuously. And emergency fund basically provides security to this investment, that is, investors form this emergency fund so that the investor does not have to sell his investment to meet the need in case of any unexpected need and investors spend money from this fund when needed.

I personally feel that an investor should not be limited to having enough money, but seeing that he has enough money, he should form an emergency fund separately so that he can always be ready. 
For all types of investors, the important thing is whether the investor can hold on to their investment for a long time despite all the challenges, and buying a large amount at the same time is not the real challenge.

[Agbam]

The one thing that differs between bitcoin investing. And trading is the degree of control that you have over your actions. While traders must be able to make quick entry and exit decisions. Long term investors can make only occasional moves. And not be concerned with every move in the market. But it is not a safe investment to have held Bitcoin for years. It is possible for someone to be in a bear market for an extended period, or they may have a sudden need for cash and end up selling at a loss.

OMG! What are you saying? A lot of wrong ideas and misinformation everywhere in your comment. So if holding bitcoin for the long term is not safe, what then is safe? Short term or trading?

It is therefore as important to have an emergency fund and to not invest. Using borrowed money as it is to select a long term plan. Patience does come in handy. But the proper management of risk is more important.

So then you’re saying people should just have emergency funds instead of investing in bitcoin,? Have fun staying poor then! Saving your peanuts that’ll be eaten by inflation.
I don’t know if your whole comment was a mistake because everything sounds so off or even dumb because I didn’t see any sense in what you’ve written.

[Hardyrobust]

It is therefore as important to have an emergency fund and to not invest.

Why will you have an emergency funds without getting to invest In bitcoin, what is then the reason for keeping the emergency funds to protect your bitcoin investment from getting sold when in emergency situations. Emergency funds is important even in real life, but in the context of bitcoin investment, you’ll need to have a bitcoin portfolio which can be protected by the emergency funds you’re building so you don’t have to neglect investing in bitcoin because of emergency funds.

I wonder where he got that notion from that he would rather have an emergency funds than investing, because in the context of Bitcoin investment, having them both is very important, because the survival of your Bitcoin holdings depends on your emergency funds, unless you are a rich fellow that have the leverage of investing without it, since their are friends, aunties, uncle or asset that can bail you out during emergencies,  but the truth is that it make no sense to be putting down an emergency funds when you don't even have a bitcoin stash, or you are just planning for the worst to happen to you, with no investment in sight?

Emergency funds is important to both the poor and rich investors. The fact that the rich have different assets or relatives they can turn to during an emergency doesn't mean that they should neglect setting up an emergency funds. An emergency funds should be accessible especially during an emergency. If someone that is rich doesn't have an emergency funds and is relying on his relative or other assets, they may be disappointed because this assets or relatives they hope on may not be accessible during the time of emergency. So emergency funds should be considered essential by both the rich and poor investors.

[B2Z]

Trading and gambling work in the same way and it may be difficult for those who are already into trading and gambling to suddenly change these habits but if a person wants then all habits can be changed. Those who gamble and trade have such an attitude that they have to get results quickly but in the case of investment it is different. All investors are patient, they can wait and they do not tend to get results quickly. Now for those who are used to getting results in a short time, it is difficult to actually buy Bitcoin and hold it and wait for long-term results.

I said at the beginning that changes will not come suddenly but if a person wants then everything is possible. To change this habit, investors can follow DCA and they have to be more focused on consistency than short-term results. At this time the goal should be to eliminate the risky activities that are there and develop good financial habits along with eliminating these risky activities.

To invest in Bitcoin, an investor must develop good financial habits. Because if an investor wants to invest in the long term, he must generate discretionary income and then set aside money for an emergency fund and that is after his necessary expenses. Therefore, to ensure a good financial situation, an investor should focus on developing an alternative source of income in addition to his daily work. And focus on increasing their discretionary income to invest. Of course, I am not saying that increasing discretionary income is easy and there are some people who may completely refuse to reduce their expenses. Although it may be that they are unnecessarily hoarding and are harming their ability to invest more vigorously in Bitcoin.

Therefore, it is appropriate for an investor to focus on a good financial situation and increasing cash flow first, even if it is to change daily life and make your investment more long term. In addition, the dca strategy will definitely be an effective approach for an investor. He will be able to maintain the average purchase price of his investment through the dca strategy.

People who are trading and get involved in trading like gambling in the hope of immediate profit may never understand long-term investment. Or they may not have the patience required to invest so they are not willing to invest. I think trading only puts your money at risk and the profit is less and the loss is more. And those who are skilled in trading take a lot of time to become skilled

There is no need to discuss those who are trading because trading and gambling work in the same way. But yes, those who are investing or those who are new and planning to invest do not actually need to wait so long to invest, rather the sooner they can start investing, the better for their investment. Those people who have planned to invest but could not invest based only on the market always regret it, so if they can continue investing quickly without waiting for the investor, then I think at some point they will thank themselves for this decision and they will say to themselves that their decision was right.

Since an investor can start investing only by ensuring his discretionary income, in this case, investors should not delay in starting investment.

[ejikeme24]

People who are trading and get involved in trading like gambling in the hope of immediate profit may never understand long-term investment. Or they may not have the patience required to invest so they are not willing to invest. I think trading only puts your money at risk and the profit is less and the loss is more. And those who are skilled in trading take a lot of time to become skilled

There is no need to discuss those who are trading because trading and gambling work in the same way. But yes, those who are investing or those who are new and planning to invest do not actually need to wait so long to invest, rather the sooner they can start investing, the better for their investment. Those people who have planned to invest but could not invest based only on the market always regret it, so if they can continue investing quickly without waiting for the investor, then I think at some point they will thank themselves for this decision and they will say to themselves that their decision was right.

Since an investor can start investing only by ensuring his discretionary income, in this case, investors should not delay in starting investment.

I totally agree with you when you said that  those who are willing to invest does not necessarily need to wait for so long but to get started as soon as possible provided that they have discretionary income, but in as much as I'm not a fan of trading doesn't mean I would watch you equate trading with gambling. Trading is completely different from gambling because gambling is full of uncertainty while in trading there's a high chance of becoming successful if you have enough knowledge and also a good strategy. But even at that there's nothing good as investing for long term because there you don't need to calculate too much, all you just need is to figure out your discretionary income and begin investing.

[Different patterns]

Between my point was that if someone is left with 100$ after allocating funds for monthly expenditures, emergency funds then its best for him to invest major part of that in Bitcoin.

Huh?  Emergency funds does not have a higher priority than bitcoin investing.  Both emergency fund's allocation and bitcoin investing allocation have the same level of priority in terms of their both going into discretionary funds, and sure the investor can choose to prioritize one or the other or to prioritize discretionary consumption.  

I completely agree with your correction, this needs to be understand by every bitcoin investor that both bitcoin and emergency funds should be considered as equal when decided how to distribute discretionary income. because both deserve serious attention, as a bitcoin accumulator, you can accumulate bitcoin and completely ignore the emergency fund, it also play a very important role in bitcoin investment, because it serves as financial support whenever unexpected situations occur, so that you don’t have to be worried and sell the your bitcoins at wrong times. Furthermore, some people make the mistake of thinking that they have to fully build their emergency fund completely before starting buying bitcoin, that’s wrong thinking, both can be build at the same time without waiting for one to be ready completely before starting the other.

[B-BossMan]

I doubt that there is any meaningful value in buying bitcoin at average prices, since everyone would prefer to buy bitcoin at low prices, yet with bitcoin we have no way of knowing if the price is going to go up down or sideways so we buy whenever money comes available.

A major advantage of DCA is being able to customize our bitcoin buys for when our money is available and to decide how much of our money (when it is available) that we want to use for buying bitcoin, saving and/or discretionarily consuming.

Alots of people actually getting this investment strategy wrong, by thinking that they can be successful in buying from the lower rate, the facts is, even the experienced investors can't advices the ideas of doing it consistently, because the most annoying part is that, it delays your buying and you will ended up missing huge opportunities, that's why it is better for the newbies to start as soon as possible with whatever the amount of discretionary income they have available, being on the game is better than nothing. For example, if mummy and Daddy decide to begins thier investment in 6 months time. Mummy tends to be waiting 6 months for the dips before begins her investment, while Daddy decides to be buying with $20 or even $40, depending on the availability of the discretionary income, steadily and consistently without even minding what the price of bitcoin may be, the Daddy has already own a bitcoin after the 6 months, he has learned on the market strategies while the Mummy owns nothing by still waiting.

[Joeboy]

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~snip

I completely agree with your correction, this needs to be understand by every bitcoin investor that both bitcoin and emergency funds should be considered as equal when decided how to distribute discretionary income. because both deserve serious attention, as a bitcoin accumulator, you can accumulate bitcoin and completely ignore the emergency fund, it also play a very important role in bitcoin investment, because it serves as financial support whenever unexpected situations occur, so that you don’t have to be worried and sell the your bitcoins at wrong times. Furthermore, some people make the mistake of thinking that they have to fully build their emergency fund completely before starting buying bitcoin, that’s wrong thinking, both can be build at the same time without waiting for one to be ready completely before starting the other.

To further explain the equal importance that both funds has, let us consider a situation similar to that of @MusaPk's illustration whereby an individual is left with about $100 as his or her discretionary income... If the investor in question prioritizes investment more he could be allocating about 80-90% of discretionary income into investment which dosen't sound smart, since such allocations would leave the investor with fewer money which may not be sufficient enough to build ones emergency funds as well as funds for discretionary consumption... And supposedly a very capital intensive emergency situation occurs, the investor may be left with no other choice than to tamper with their investments just to have more money to cater for that emergency...This is why investors shouldn't prioritize emergency funds over investment funds and vice versa...Both deserves attention, and neglecting either of them for the other could very well create difficulties in the long run... Therefore folks should learn to strike that balance when making allocations of their funds... Meaning that if you are left with an amount like $100, the investor could split into 3 places whereby about 40% is for investing, 40% for emergency funds and the. 20% for discretionary consumption...Doing it this way keeps everything in balance.

[JayJuanGee]

It is therefore as important to have an emergency fund and to not invest.

Why will you have an emergency funds without getting to invest In bitcoin, what is then the reason for keeping the emergency funds to protect your bitcoin investment from getting sold when in emergency situations. Emergency funds is important even in real life, but in the context of bitcoin investment, you’ll need to have a bitcoin portfolio which can be protected by the emergency funds you’re building so you don’t have to neglect investing in bitcoin because of emergency funds.

I wonder where he got that notion from that he would rather have an emergency funds than investing, because in the context of Bitcoin investment, having them both is very important, because the survival of your Bitcoin holdings depends on your emergency funds, unless you are a rich fellow that have the leverage of investing without it, since their are friends, aunties, uncle or asset that can bail you out during emergencies,  but the truth is that it make no sense to be putting down an emergency funds when you don't even have a bitcoin stash, or you are just planning for the worst to happen to you, with no investment in sight?

Surely, many of us (especially newbies to bitcoin) may well consider having cash to be valuable - especially since we can easily buy things with cash - however, at the same time, cash is deceptive because it does not hold its value.  Cash depreciates in value. ongoingly it depreciates in a silent way, even though nominally people aren frequently pricing goods and services without sufficiently accounting for the ongoing debasement of the dollar.

So we might wrongly believe that we are building value by building up a lot of cash, yet once we start to get above more than 3 months of our expenses in cash, then it becomes likely that the cash is losing value as fast as we are adding to it, so even if the cash seems to be growing in nominal value, because we keep adding to it, its purchasing power is not holding value.

In the short-to-medium term bitcoin may well be fluctuating in value a lot and we may well be having a lot of difficulties measuring the extent to which bitcoin is going up in value, yet if we zoom out, including if we look at the 200-WMA, we will see that bitcoin is ongoingly going up in value at least 18% per year (in terms of the 200-WMA), and surely there are some years that the 200-WMA goes up more than 18% in any given year.  You can look at my table on the JJG fuck you status website to see 6 month snapshots of bitcoin's 200-WMA ongoing appreciation.

Of course, it is expected that in the future bitcoin's price appreciation (and also 200-WMA) will become less and less steep, yet there is still no reason to consider bitcoin as being amongst of investments for everyone and anyone..,. In the projected 200-WMA gain for this next 6 months until December 1, I had put that I had expected it to be 15%; however, my back of the envelop calculations show that this most recent 6 months is probably only going to be about a 11.4% appreciation (which is 22.8% annualized). Not bad, but still not as high as expected and not as high as some of the historical appreciation numbers.

[PERtua]

I wonder where he got that notion from that he would rather have an emergency funds than investing, because in the context of Bitcoin investment, having them both is very important, because the survival of your Bitcoin holdings depends on your emergency funds, unless you are a rich fellow that have the leverage of investing without it, since their are friends, aunties, uncle or asset that can bail you out during emergencies,  but the truth is that it make no sense to be putting down an emergency funds when you don't even have a bitcoin stash, or you are just planning for the worst to happen to you, with no investment in sight?

Bitcoin investment doesn't care about status whether you are a rich folk or not,  you have to make sure you build your emergency funds later if you don't have the capacity to do it same time you started accumulating Bitcoin so that it doesn't cost you. Some people think that being rich automatically makes them unstoppable in Bitcoin investment that is not correct because the moment you fail to build your emergency funds, you will realized how wrong you have been. Any rich folk who understands how wealth is been created or made would never neglect the important of having emergency funds.

I think that a person has enough money and because of this sufficient money, he is completely ready to meet all kinds of unexpected needs, but this is not the case. Many times, despite having money, there are some unexpected needs that the person has to struggle to meet.

Emergency fund and Bitcoin should be considered separately, basically Bitcoin is purchased for long-term investment and investors enrich their portfolios continuously. And emergency fund basically provides security to this investment, that is, investors form this emergency fund so that the investor does not have to sell his investment to meet the need in case of any unexpected need and investors spend money from this fund when needed.

I personally feel that an investor should not be limited to having enough money, but seeing that he has enough money, he should form an emergency fund separately so that he can always be ready. 
For all types of investors, the important thing is whether the investor can hold on to their investment for a long time despite all the challenges, and buying a large amount at the same time is not the real challenge.

It's not always the case that a person who has plenty of cash will have sufficient. Funds to handle all the unforeseen contingencies. There's a difference between an emergency fund and an investment portfolio. Ideally people should keep their bitcoins for a long time. But if they don't have any easy savings. Then if they get a need to cash out the Bitcoin they can do so at a bad price. This is why it is important for investors to put building an emergency. Fund on top of their healthy investment plan. Rather than putting it on the back burner. It's essential to accumulate regularly. But it's also crucial that you maintain your holding power during challenging times.

[Tongley]

I wonder where he got that notion from that he would rather have an emergency funds than investing, because in the context of Bitcoin investment, having them both is very important, because the survival of your Bitcoin holdings depends on your emergency funds, unless you are a rich fellow that have the leverage of investing without it, since their are friends, aunties, uncle or asset that can bail you out during emergencies,  but the truth is that it make no sense to be putting down an emergency funds when you don't even have a bitcoin stash, or you are just planning for the worst to happen to you, with no investment in sight?

Bitcoin investment doesn't care about status whether you are a rich folk or not,  you have to make sure you build your emergency funds later if you don't have the capacity to do it same time you started accumulating Bitcoin so that it doesn't cost you. Some people think that being rich automatically makes them unstoppable in Bitcoin investment that is not correct because the moment you fail to build your emergency funds, you will realized how wrong you have been. Any rich folk who understands how wealth is been created or made would never neglect the important of having emergency funds.

I think that a person has enough money and because of this sufficient money, he is completely ready to meet all kinds of unexpected needs, but this is not the case. Many times, despite having money, there are some unexpected needs that the person has to struggle to meet.

Emergency fund and Bitcoin should be considered separately, basically Bitcoin is purchased for long-term investment and investors enrich their portfolios continuously. And emergency fund basically provides security to this investment, that is, investors form this emergency fund so that the investor does not have to sell his investment to meet the need in case of any unexpected need and investors spend money from this fund when needed.

I personally feel that an investor should not be limited to having enough money, but seeing that he has enough money, he should form an emergency fund separately so that he can always be ready. 
For all types of investors, the important thing is whether the investor can hold on to their investment for a long time despite all the challenges, and buying a large amount at the same time is not the real challenge.

It's not always the case that a person who has plenty of cash will have sufficient. Funds to handle all the unforeseen contingencies. There's a difference between an emergency fund and an investment portfolio. Ideally people should keep their bitcoins for a long time. But if they don't have any easy savings. Then if they get a need to cash out the Bitcoin they can do so at a bad price. This is why it is important for investors to put building an emergency. Fund on top of their healthy investment plan. Rather than putting it on the back burner. It's essential to accumulate regularly. But it's also crucial that you maintain your holding power during challenging times.

I agree with some of your comments. But yes, for a new person, your comment can create a bit of a confusing situation. Because the method of saving and creating an emergency fund is almost the same, but the purpose and use of the two are different.

Saving is the continuous accumulation of money for a goal in the future.

Emergency fund is an emergency fund created so that you do not have to sell your holdings in case of a crisis like your unexpected financial expenses or sudden job loss or loss of income etc.

When a new person hears about savings, that person may fail to differentiate between emergency fund and savings and that person can only create savings

[B-BossMan]

Surely, many of us (especially newbies to bitcoin) may well consider having cash to be valuable - especially since we can easily buy things with cash - however, at the same time, cash is deceptive because it does not hold its value.  Cash depreciates in value. ongoingly it depreciates in a silent way, even though nominally people aren frequently pricing goods and services without sufficiently accounting for the ongoing debasement of the dollar.

So we might wrongly believe that we are building value by building up a lot of cash, yet once we start to get above more than 3 months of our expenses in cash, then it becomes likely that the cash is losing value as fast as we are adding to it, so even if the cash seems to be growing in nominal value, because we keep adding to it, its purchasing power is not holding value.

In the short-to-medium term bitcoin may well be fluctuating in value a lot and we may well be having a lot of difficulties measuring the extent to which bitcoin is going up in value, yet if we zoom out, including if we look at the 200-WMA, we will see that bitcoin is ongoingly going up in value at least 18% per year (in terms of the 200-WMA), and surely there are some years that the 200-WMA goes up more than 18% in any given year.  You can look at my table on the JJG fuck you status website to see 6 month snapshots of bitcoin's 200-WMA ongoing appreciation.

Of course, it is expected that in the future bitcoin's price appreciation (and also 200-WMA) will become less and less steep, yet there is still no reason to consider bitcoin as being amongst of investments for everyone and anyone..,. In the projected 200-WMA gain for this next 6 months until December 1, I had put that I had expected it to be 15%; however, my back of the envelop calculations show that this most recent 6 months is probably only going to be about a 11.4% appreciation (which is 22.8% annualized). Not bad, but still not as high as expected and not as high as some of the historical appreciation numbers.

I can attest that some people are still fooling themselves by seeing cash as a store of value. Cash is just like a dispensing machine for pur daily emergencies, which no one can argue about that, and some newbies need to understand the point that it only designed to be moving not meant for storage, because the Government can decide to be printing it anytime they likes, the problem is, how can you secure your future by holding something that loses it value anytime, what exactly i want some folks should understand is that, the fact that the cash can solve your bills, then uses some cash to purchase a valuable assets, bitcoin particularly. You don't just stays in one angle forever, male use of the common sense and do the needful.

[JayJuanGee]

It is therefore as important to have an emergency fund and to not invest.

Why will you have an emergency funds without getting to invest In bitcoin, what is then the reason for keeping the emergency funds to protect your bitcoin investment from getting sold when in emergency situations. Emergency funds is important even in real life, but in the context of bitcoin investment, you’ll need to have a bitcoin portfolio which can be protected by the emergency funds you’re building so you don’t have to neglect investing in bitcoin because of emergency funds.

The need for an emergency fund should not be seen only in relation to Bitcoin investment.

This is a bitcoin investment thread, so why the fuck do we need to consider emergency funds outside of that context?

Do guys know how to stay on topic?  or they want to get excited about emergency funds without relating such discussion of such topic to bitcoin?

Because even if you do not invest in Bitcoin, you may still have urgent financial needs in your life.

Who cares?  We are talking about bitcoin here.  So what if you might happen to have an emergency and not be in bitcoin. How does that relate to bitcoin?  Are you talking before coming to bitcoin or after you are already in bitcoin, and if you are already in bitcoin, then why not mention how bitcoin plays into your cashflow management and/or your bitcoin accumulation?

Especially, an emergency fund is also needed to deal with income stoppage, increased necessary expenses, or any other unexpected situation. My main point is that the first purpose of an emergency fund is to ensure personal financial security.

Maybe we should stop calling it emergency funds and merely call it a cash cushion? especially since you seem to be getting quite distracted into the emergency funds idea rather than focusing on how your keeping of back up funds helps you to protect your bitcoin holdings.

When you start investing in Bitcoin, that fund also helps to hold on to the investment.

Good.  Finally, you realize that we are talking about bitcoin, here.

Another thing to note is that it is not the case that every investor needs to stop buying Bitcoin until a full emergency fund of a few months is built up. It may be necessary to put some extra money aside initially. However, if someone does not have an emergency fund and is interested in investing, they can start investing from their discretionary income and build an emergency fund at the same time.

This part is correct.

[edited out]

I agree with some of your comments. But yes, for a new person, your comment can create a bit of a confusing situation. Because the method of saving and creating an emergency fund is almost the same, but the purpose and use of the two are different.

Saving is the continuous accumulation of money for a goal in the future.

Emergency fund is an emergency fund created so that you do not have to sell your holdings in case of a crisis like your unexpected financial expenses or sudden job loss or loss of income etc.

When a new person hears about savings, that person may fail to differentiate between emergency fund and savings and that person can only create savings

I am not clear about the point(s) that you are trying to make.  Savings is a general term, perhaps similar to back up funds.

And, we have two kinds of savings and/or back up funds.  1) is emergency funds and 2) is reserve funds.

Reserve funds have more flexibility, and emergency funds is an amount of back up funds that you do not want to deplete or tap into absent shortage of income and/or increases in expenses that you cannot defer until the next time that you get paid.

Guys can decide to manage their cash reserves in such a way that they never have to tap into their emergency funds, since the emergency funds would be the last amount of money remaining before they would have to tap into their bitcoin.

In the beginning, if a guy has little to no back up funds, then he is likely still going to have both emergency funds and reserve funds, yet if he is trying to build up his back up funds to get them to a level of several weeks of his expenses and maybe even 3 months or more of his expenses, he is likely going to be paying attention to building his bitcoin and his back up funds at the same time, yet if he continues to have to tap into his back up funds, then that might be a sign that he is investing too much into bitcoin, yet each guy has to figure out some balance, and surely in the beginning it will be more difficult to build up both, especially if he is starting out with little to no back up funds, and so each guy has to figure out some rhythm in his own cashflow management and his oingoingly building his bitcoin holdings.

Many times guys advise for newbie bitcoiners to focus on trying to increase their discretionary funds, if possible, since having more discretionary funds will provide more options for doing everything, 1) buying bitcoin, 2) building up back up funds and/or 3) discretionarily consuming... Yet surely some guys are challenged in both how much they might be able to increase their income and/or cut their expenses, and so if guys are having troubles increasing their discretionary income, then they have to work with what they have.. and yeah, hopefully figure out ways that they are able to build both, and since we are in a bitcoin investment thread, we talk about getting ahead by increasing the bitcoin investment, yet guys still have to work within their own parameters and make sure tha thtey are keeping enough back up funds and also building them in circumstances that they are not enough.

[NewRevelation]

Surely, many of us (especially newbies to bitcoin) may well consider having cash to be valuable - especially since we can easily buy things with cash - however, at the same time, cash is deceptive because it does not hold its value.  Cash depreciates in value. ongoingly it depreciates in a silent way, even though nominally people aren frequently pricing goods and services without sufficiently accounting for the ongoing debasement of the dollar.

So we might wrongly believe that we are building value by building up a lot of cash, yet once we start to get above more than 3 months of our expenses in cash, then it becomes likely that the cash is losing value as fast as we are adding to it, so even if the cash seems to be growing in nominal value, because we keep adding to it, its purchasing power is not holding value.

In the short-to-medium term bitcoin may well be fluctuating in value a lot and we may well be having a lot of difficulties measuring the extent to which bitcoin is going up in value, yet if we zoom out, including if we look at the 200-WMA, we will see that bitcoin is ongoingly going up in value at least 18% per year (in terms of the 200-WMA), and surely there are some years that the 200-WMA goes up more than 18% in any given year.  You can look at my table on the JJG fuck you status website to see 6 month snapshots of bitcoin's 200-WMA ongoing appreciation.

Of course, it is expected that in the future bitcoin's price appreciation (and also 200-WMA) will become less and less steep, yet there is still no reason to consider bitcoin as being amongst of investments for everyone and anyone..,. In the projected 200-WMA gain for this next 6 months until December 1, I had put that I had expected it to be 15%; however, my back of the envelop calculations show that this most recent 6 months is probably only going to be about a 11.4% appreciation (which is 22.8% annualized). Not bad, but still not as high as expected and not as high as some of the historical appreciation numbers.

I can attest that some people are still fooling themselves by seeing cash as a store of value. Cash is just like a dispensing machine for pur daily emergencies, which no one can argue about that, and some newbies need to understand the point that it only designed to be moving not meant for storage, because the Government can decide to be printing it anytime they likes, the problem is, how can you secure your future by holding something that loses it value anytime, what exactly i want some folks should understand is that, the fact that the cash can solve your bills, then uses some cash to purchase a valuable assets, bitcoin particularly. You don't just stays in one angle forever, male use of the common sense and do the needful.

You can't force anyone to get into Bitcoin investment, it is by will and personal choices, so anyone can do whatever they like with there income. Perhaps, some might also go into Gold or real estate or other investments, it is there choice.

However, Bitcoin still remains the best, more especially, for the fact that it's a store of value unlike we other investments. Investing in Bitcoin for a long time period will will not only save us from our money losing value due to inflati, but also, when the market moves upwards, we will get to see our assets add value over time and make us more financially rich. Bitcoin still remains the best, but sure, anyone can still do whatever they like after all.

[Torchblue]

Surely, many of us (especially newbies to bitcoin) may well consider having cash to be valuable - especially since we can easily buy things with cash - however, at the same time, cash is deceptive because it does not hold its value.  Cash depreciates in value. ongoingly it depreciates in a silent way, even though nominally people aren frequently pricing goods and services without sufficiently accounting for the ongoing debasement of the dollar.

So we might wrongly believe that we are building value by building up a lot of cash, yet once we start to get above more than 3 months of our expenses in cash, then it becomes likely that the cash is losing value as fast as we are adding to it, so even if the cash seems to be growing in nominal value, because we keep adding to it, its purchasing power is not holding value.

In the short-to-medium term bitcoin may well be fluctuating in value a lot and we may well be having a lot of difficulties measuring the extent to which bitcoin is going up in value, yet if we zoom out, including if we look at the 200-WMA, we will see that bitcoin is ongoingly going up in value at least 18% per year (in terms of the 200-WMA), and surely there are some years that the 200-WMA goes up more than 18% in any given year.  You can look at my table on the JJG fuck you status website to see 6 month snapshots of bitcoin's 200-WMA ongoing appreciation.

Of course, it is expected that in the future bitcoin's price appreciation (and also 200-WMA) will become less and less steep, yet there is still no reason to consider bitcoin as being amongst of investments for everyone and anyone..,. In the projected 200-WMA gain for this next 6 months until December 1, I had put that I had expected it to be 15%; however, my back of the envelop calculations show that this most recent 6 months is probably only going to be about a 11.4% appreciation (which is 22.8% annualized). Not bad, but still not as high as expected and not as high as some of the historical appreciation numbers.

I can attest that some people are still fooling themselves by seeing cash as a store of value. Cash is just like a dispensing machine for pur daily emergencies, which no one can argue about that, and some newbies need to understand the point that it only designed to be moving not meant for storage, because the Government can decide to be printing it anytime they likes, the problem is, how can you secure your future by holding something that loses it value anytime, what exactly i want some folks should understand is that, the fact that the cash can solve your bills, then uses some cash to purchase a valuable assets, bitcoin particularly. You don't just stays in one angle forever, male use of the common sense and do the needful.

Cash is useful and we shouldn't just discard it just because it looses value over time. As long as people generally uses it then it has usefulness. But since it looses value over time, we must then preserve our money. How then should we do that. Investing in entities that protect your wealth is very good. Those entities are usually volatile. But then cash has it's own purpose and it is liquidity. You can use it to achieve things within or outside your country. Clothes, shoes, bills etc. Those entities i was talking about, example of one of them Bitcoin. Gold is another one. We also have bonds, stocks, lands and each and everyone carries some certain degree of risk. So these entities are used to preserve your wealth for a very long time. More specifically, your purchasing power. Just that it can't be used to purchase needs that you need quickly. That is were currency steps in. Identify what to use as a quick purchase and what to use as a store of value is very important in todays world.

[Tetu100]

But it is not a safe investment to have held Bitcoin for years. It is possible for someone to be in a bear market for an extended period, or they may have a sudden need for cash and end up selling at a loss.

This is very strange for this to be coming up from someone I believe might have spent more than a year in the forum. What message are you trying to convey to those that has plan of holding bitcoin for some couple of years. Or are you for real? Please instead of voicing out what you don't know or understand is better you stay mute instead of sharing false and harmful information to newbies that didn't know much.

It is therefore as important to have an emergency fund and to not invest.

You're unbelievable. Are you sure you understand what you're saying or you're just trying to fulfill your post count or what. Please, for your own interest I will advice you post more on where you have little or more knowledge on so that you would mislead newbies.

[Barikui1]

Cash is useful and we shouldn't just discard it just because it looses value over time. As long as people generally uses it then it has usefulness.  .

Nobody is saying that our everyday fiat currency is not useful, they are very useful in the running of our day to day activities, but it should not be held in large quantity because overtime it purchasing power is going to drastically depreciate, which is the main reason holding it for long is kicked against, not that they are not useful.
Keeping your money in Bitcoin is actually the best way to protect your money from inflation, because it's an asset that appreciates in value overtime, unlike our fiat currency that got eaten up by inflation overtime, so in essence of what am trying to say is that nobody is denying the usefulness of our fiat currency in running of our day to day activities, but it's not wise to hold  a large quantity of it for long because it purchasing power will drastically drop due to inflation.

[Cyber_warrior]

But it is not a safe investment to have held Bitcoin for years. It is possible for someone to be in a bear market for an extended period, or they may have a sudden need for cash and end up selling at a loss.

This is very strange for this to be coming up from someone I believe might have spent more than a year in the forum. What message are you trying to convey to those that has plan of holding bitcoin for some couple of years. Or are you for real? Please instead of voicing out what you don't know or understand is better you stay mute instead of sharing false and harmful information to newbies that didn't know much.

It is therefore as important to have an emergency fund and to not invest.

You're unbelievable. Are you sure you understand what you're saying or you're just trying to fulfill your post count or what. Please, for your own interest I will advice you post more on where you have little or more knowledge on so that you would mislead newbies.

What do you mean you can have emergency funds and not invest, the main reason we have discretionary income is because we have investment, without investment there would never be an emergency fund. Infact we can go into investing in bitcoin without having emergency funds. You should know that we can’t forsake or delay our investment for any reason so long we have discretionary income with available.

So Please instead of posting without having knowledge about what you are saying, I would suggest you do more of reading so you can know what the thread is is actually talking about.

[Qhunman]

What do you mean you can have emergency funds and not invest, the main reason we have discretionary income is because we have investment, without investment there would never be an emergency fund. Infact we can go into investing in bitcoin without having emergency funds. You should know that we can’t forsake or delay our investment for any reason so long we have discretionary income with available.

So Please instead of posting without having knowledge about what you are saying, I would suggest you do more of reading so you can know what the thread is is actually talking about.

Please, did you read what Tetu wrote before you qouted him because he never wrote any such thing like you can't invest in Bitcoin when you don't an emergency fund, i think you should read what people posted properly before contributing your own quota so that you will know what to say and convey your words appropriately.

However, I think the person who you should have quoted was drangos since he was the one who inputed those misleading words, So please, don't rush into quoting people when you have not read their posts.

Moreover, what drangos said earlier was misleading because it doesn't make any sense to build an emergency fund before you  start investing, What do you intend to protect if not your investment? The way forward is to build your emergency fund and your investment stimutanously since you can't predict when a real emergency will occur.