Buy Buy Buy or Sell Sell Sell?

[Sticky Bomb]

I wouldn't consider it a mistake for newbies because even after buying without emergency funds set ups you can still set that up after having at least little to your portfolio while putting yourself to order, in my opinion some of this newbies that does this are opportunity grabbers which is even better than those who wait for the perfect timing which might not come, so I prefer they buy this bitcoin being imperfect and learn about things as time goes by than try to be all perfect set up all types of funds before ever getting to buy the real deal, bitcoin usually serve us opportunities like the little dips which a newbie could see and grab yet learn the who processes as time permits.

I think the summary of what I have understood so far is that the approach some newbies should really take is to emphasise the importance of taking healthy mindset actions and learning from others experiences and also learning to adapt to the market, rather than waiting for ideal conditions. The part you made mention of can still set up emergency funds after investing. I would say even if they don't have everything perfect from the start, in my own little understanding, they can still adjust, and then improvement takes place, plus improving their strategy changes over time.

I think any newbie should be more interested in regular purchase of Bitcoin with available discretionary income rather than trying to adapt to the market sentiment. This is because trying to adapt to the markets might introduce some distractions and gambling mentality in him and he sets out to accumulate only when he terms it favorable for him to buy.

That being said, an newbie investor should avoid distractions and noise from the markets and focus on following up his regular buys with much commitment and dedication, mastering his cashflow management practices and building out his backup funds as he progresses with his accumulation journey.

[Sonia_123]

A lot of newbies in Bitcoin investment have made the mistake of buying Bitcoin when they have no emergency found or even not having a good stable income to hold Bitcoin comfortably without exchange them when they hard pressure.

I wouldn't consider it a mistake for newbies because even after buying without emergency funds set ups you can still set that up after having at least little to your portfolio while putting yourself to order, in my opinion some of this newbies that does this are opportunity grabbers which is even better than those who wait for the perfect timing which might not come, so I prefer they buy this bitcoin being imperfect and learn about things as time goes by than try to be all perfect set up all types of funds before ever getting to buy the real deal, bitcoin usually serve us opportunities like the little dips which a newbie could see and grab yet learn the who processes as time permits.

I think the summary of what I have understood so far is that the approach some newbies should really take is to emphasise the importance of taking healthy mindset actions and learning from others experiences and also learning to adapt to the market, rather than waiting for ideal conditions. The part you made mention of can still set up emergency funds after investing. I would say even if they don't have everything perfect from the start, in my own little understanding, they can still adjust, and then improvement takes place, plus improving their strategy changes over time.

This happens to the newbies because they were not properly guided with the little knowledge they have in investing in Bitcoin before they went into investment, which I know they must have learnt their lesson .
Newbie should not be discourage in any mistake they make instead encouraged because with time they will have to understand how Bitcoin investment works, it is better you start investing early enough unlike those that have been in the forum for long without investment and yet not willing to invest not having emergency fund can't deprive a newbie from investing, in as much as you will set it up along your line of investment, as long as for the period of not having an emergency fund his not going to tamper from his investment, as long as he his comfortable with his discretionary income and can always afford it.

[yixichloro2xx]

A lot of newbies in Bitcoin investment have made the mistake of buying Bitcoin when they have no emergency found or even not having a good stable income to hold Bitcoin comfortably without exchange them when they hard pressure.

I wouldn't consider it a mistake for newbies because even after buying without emergency funds set ups you can still set that up after having at least little to your portfolio while putting yourself to order, in my opinion some of this newbies that does this are opportunity grabbers which is even better than those who wait for the perfect timing which might not come, so I prefer they buy this bitcoin being imperfect and learn about things as time goes by than try to be all perfect set up all types of funds before ever getting to buy the real deal, bitcoin usually serve us opportunities like the little dips which a newbie could see and grab yet learn the who processes as time permits.

I think the summary of what I have understood so far is that the approach some newbies should really take is to emphasise the importance of taking healthy mindset actions and learning from others experiences and also learning to adapt to the market, rather than waiting for ideal conditions. The part you made mention of can still set up emergency funds after investing. I would say even if they don't have everything perfect from the start, in my own little understanding, they can still adjust, and then improvement takes place, plus improving their strategy changes over time.

This happens to the newbies because they were not properly guided with the little knowledge they have in investing in Bitcoin before they went into investment, which I know they must have learnt their lesson .
Newbie should not be discourage in any mistake they make instead encouraged because with time they will have to understand how Bitcoin investment works, it is better you start investing early enough unlike those that have been in the forum for long without investment and yet not willing to invest not having emergency fund can't deprive a newbie from investing, in as much as you will set it up along your line of investment, as long as for the period of not having an emergency fund his not going to tamper from his investment, as long as he his comfortable with his discretionary income and can always afford it.

Yeah, I really feel what you said. As a newbie myself, I have made some mistakes too because I did not  know much when I started.... But I am  still learning little by little, and I believe it is  part of the journey. I also agree that starting early is good. Even though I don’t have an emergency fund yet, but I  am trying  to use only the  money I can afford to lose, so it does not affect me. I believe with time and with more guidance, I will gain  more knowledge and understand  about Bitcoin investment better.

[ejikeme24]

Building an emergency fund before Bitcoin investment is a kind of security for you Bitcoin portfolio a d DCA jurney, because by having that emergency found, you will not have any pressure on your Bitcoin investment and that way, regardless of your overall income and cash flows you can comfortably buy and hold Bitcoin for long term.

Setting up emergency fund is supposed to be considered the right way to approach bitcoin investment, even if surely most people may not consider it necessary when getting started. But I still feel that our emergency fund need to come first before any other thing, because getting started with the hope of setting up emergency fund along the line seems very risky as we don't know when emergency issues will poop up.

A lot of newbies in Bitcoin investment have made the mistake of buying Bitcoin when they have no emergency found or even not having a good stable income to hold Bitcoin comfortably without exchange them when they hard pressure.

This is the reason why newbies need to learn from the starting, a newbie is supposed to know the right step to take to avoid going with the wrong approach. because most of the newbies weren't told about  setting up emergency funds as most people are only interested in forcing newbies into bitcoin investment when they are yet to get the besic knowledge about bitcoin investment, this is the reason why I don't blame most of the newbies who have been going with the wrong approach because most of them can not be wise enough to make research to know more about how bitcoin investment works but they will be naive to accept whatever thing they're being told witout giving it a second thought.

[Umulala-alala]

Setting up emergency fund is supposed to be considered the right way to approach bitcoin investment, even if surely most people may not consider it necessary when getting started. But I still feel that our emergency fund need to come first before any other thing, because getting started with the hope of setting up emergency fund along the line seems very risky as we don't know when emergency issues will poop up.

There is no business or investment that is risk free including bitcoin investment so stating that an investor should first have an emergency fund before getting started is risk free is not taken since it might make some newbies feels if they can set up an emergency fund before getting started can make them get free from any risk attached to bitcoin investment. What an investor needed to consider first before buying bitcoin is their discretionary income there is also nothing wrong if an investor chooses to set both discretionary income and emergency fund before getting started if the income to so is available this is because people chooses to what they want to do but not having an emergency fund at the beginning shouldn't stop or delay you from not getting kick off with your bitcoin investment as long as you have first figure out what is to be your Discretionary income then you can start making purchases and then set up your emergency along the way.

[laijsica]

A lot of newbies in Bitcoin investment have made the mistake of buying Bitcoin when they have no emergency found or even not having a good stable income to hold Bitcoin comfortably without exchange them when they hard pressure.

I wouldn't consider it a mistake for newbies because even after buying without emergency funds set ups you can still set that up after having at least little to your portfolio while putting yourself to order, in my opinion some of this newbies that does this are opportunity grabbers which is even better than those who wait for the perfect timing which might not come, so I prefer they buy this bitcoin being imperfect and learn about things as time goes by than try to be all perfect set up all types of funds before ever getting to buy the real deal, bitcoin usually serve us opportunities like the little dips which a newbie could see and grab yet learn the who processes as time permits.

I think the summary of what I have understood so far is that the approach some newbies should really take is to emphasise the importance of taking healthy mindset actions and learning from others experiences and also learning to adapt to the market, rather than waiting for ideal conditions. The part you made mention of can still set up emergency funds after investing. I would say even if they don't have everything perfect from the start, in my own little understanding, they can still adjust, and then improvement takes place, plus improving their strategy changes over time.

At the same time, beginners should develop strategies so that they can implement strategies for long term investment. They can take advice from experienced investors as well as create their own statistical base so they will have the opportunity to analyze and implement the market comprehensively. Not only in the case of investment also in every case applying their own perspective and taking advice from experts is a means of applying the elements that are considered right for you.
If someone has an adequate supply of emergency funds and a system of discretionary income and if he is a new investor then he should consider what kind of strategy he should apply.
If someone does not have a supply of emergency funds but has discretionary income then they should invest in a different strategy.
In each case, the type of investor and economic situation will be different so the solution strategy should be applied by considering the solution way separately.

Your any financial situation if you have a supply of discretionary income Bitcoin accumulation in the DCA method is considered ideal in any price situation.

[Pi-network314159]

A lot of newbies in Bitcoin investment have made the mistake of buying Bitcoin when they have no emergency found or even not having a good stable income to hold Bitcoin comfortably without exchange them when they hard pressure.

I wouldn't consider it a mistake for newbies because even after buying without emergency funds set ups you can still set that up after having at least little to your portfolio while putting yourself to order, in my opinion some of this newbies that does this are opportunity grabbers which is even better than those who wait for the perfect timing which might not come, so I prefer they buy this bitcoin being imperfect and learn about things as time goes by than try to be all perfect set up all types of funds before ever getting to buy the real deal, bitcoin usually serve us opportunities like the little dips which a newbie could see and grab yet learn the who processes as time permits.

I think the summary of what I have understood so far is that the approach some newbies should really take is to emphasise the importance of taking healthy mindset actions and learning from others experiences and also learning to adapt to the market, rather than waiting for ideal conditions. The part you made mention of can still set up emergency funds after investing. I would say even if they don't have everything perfect from the start, in my own little understanding, they can still adjust, and then improvement takes place, plus improving their strategy changes over time.

If someone does not have a supply of emergency funds but has discretionary income then they should invest in a different strategy.
In each case, the type of investor and economic situation will be different so the solution strategy should be applied by considering the solution way separately.

I think you are a bit Lost in your proclamation, take a dip breath and read everything you have just typed, because you are contradicting yourself.

If I may ask, where does emergency fund comes from and what is discretion fund? Because from your narration you surely don't know where emergency fund comes from or perhaps what is discretion fund. I think you are feeling sleepy maybe when you come back you can  recheck your statement. This could be as a result of Parasomnias

Your any financial situation if you have a supply of discretionary income Bitcoin accumulation in the DCA method is considered ideal in any price situation.

You can throw more light on his as well too.

[Princess Leah]

At the same time, beginners should develop strategies so that they can implement strategies for long term investment. They can take advice from experienced investors as well as create their own statistical base so they will have the opportunity to analyze and implement the market comprehensively. Not only in the case of investment also in every case applying their own perspective and taking advice from experts is a means of applying the elements that are considered right for you.
If someone has an adequate supply of emergency funds and a system of discretionary income and if he is a new investor then he should consider what kind of strategy he should apply.
If someone does not have a supply of emergency funds but has discretionary income then they should invest in a different strategy.
In each case, the type of investor and economic situation will be different so the solution strategy should be applied by considering the solution way separately.

Your any financial situation if you have a supply of discretionary income Bitcoin accumulation in the DCA method is considered ideal in any price situation.

Beginners don't have to overdo just to build a portfolio, after learning the basics and understanding it the first strategy that should come into any beginners minds is the DCA, that's the best strategy that would keep their portfolio going smoothly for  long period, along the line they can choose to be aggressive with how they accumulate, another thing every beginner should note is that they should invest according to their income.

 Yes, experience they say is the best teacher, leaning from an experience investor shows that a beginner is ready to acknowledge possible challenges he could encounter and get prepared on how to tackle it. I've seen people get confused about the emergency funds, reserve and discretionary, a beginner should know the rightful one to channel into Bitcoin investment which is the discretionary funds.

[Solokan]

A lot of newbies in Bitcoin investment have made the mistake of buying Bitcoin when they have no emergency found or even not having a good stable income to hold Bitcoin comfortably without exchange them when they hard pressure.

I wouldn't consider it a mistake for newbies because even after buying without emergency funds set ups you can still set that up after having at least little to your portfolio while putting yourself to order, in my opinion some of this newbies that does this are opportunity grabbers which is even better than those who wait for the perfect timing which might not come, so I prefer they buy this bitcoin being imperfect and learn about things as time goes by than try to be all perfect set up all types of funds before ever getting to buy the real deal, bitcoin usually serve us opportunities like the little dips which a newbie could see and grab yet learn the who processes as time permits.

Yes, as a beginner, inevitably make minor mistakes when investing in BTC, such as forgetting about an emergency fund, which is crucial. However, a beginner's willingness to invest in BTC is certainly a plus compared to not investing at all. And, of course, over time, beginners will learn from their experiences.

It's true that an emergency fund is the most important thing to prepare before buying BTC. However, if already bought BTC, there's no harm in trying to build one emergency. Having an emergency fund will certainly give peace of mind when investing in BTC for the long term.

And, of course, in my opinion, don't need a stable income to invest in BTC. I believe delaying investing in BTC is a mistake, as its price will continue to rise. The most important thing is having money can afford to lose that's worth using to buy BTC.

[HOPE25]

Patience is the key here in the world of digital cryptocurrency or Bitcoin. Everyone's financial position and experience in the Bitcoin world should be individualized. For beginners, a long-term investment perspective and patience are the most important things. Instead of being afraid of media or market rumors, one should learn by paying attention to the confidence and perspective of big players. Because big investors do not rush into the market, they must take action based on their personal research and future financial prospects. Bitcoin is the beginning of economic change - those who understand it and can take action in time are the ones who get future value. For beginners, a long-term investment perspective and following the DCA method are not just a strategy, but a proven approach to continue investing while maintaining mental stability during market volatility. Therefore, it can be very risky without an emergency fund, so it is necessary to create a foundation and work by adopting a disciplined strategy like DCA.

[Merit.s]

Building an emergency fund before Bitcoin investment is a kind of security for you Bitcoin portfolio a d DCA jurney, because by having that emergency found, you will not have any pressure on your Bitcoin investment and that way, regardless of your overall income and cash flows you can comfortably buy and hold Bitcoin for long term.


A lot of newbies in Bitcoin investment have made the mistake of buying Bitcoin when they have no emergency found or even not having a good stable income to hold Bitcoin comfortably without exchange them when they hard pressure.

It is better that a new investor starts his bitcoin investment right away provided he has a discretionary income as a no coiner instead of waiting to build his emergency funds first, because it will take you quite some time to build up an emergency funds of at least three months of your income. The point here is that since you are a no coiner, you might be waiting and bitcoin price keeps on increasing, you will miss the opportunity in the market and at the same time left with no bitcoin.

Fiat depreciates overtime, which is the main reason why you need to start putting your discretionary income into bitcoin to safeguard the value of your funds. When you don't have a discretionary income, you can build it along side with your bitcoin investment by sharing your discretionary income into two parts. One for your regular weekly DCA and the other part for building your emergency funds till it is up to three months of your income.

Sometimes, emergencies might not occur and we might not even use our emergency funds but we need to continuously and constantly keep your bitcoin purchase ongoing with DCA for 4-10 years and above. There is a lot of time to build up an emergency funds since you are investing for a long time. But the more you delay your bitcoin accumulation, the more you are missing the opportunity of increasing your bitcoin portfolio to your bitcoin target.

Lastly, you don't need to have stable source of income before you will be comfortable in your bitcoin accumulation journey. Only your discretionary income is enough for you to start your bitcoin journey instead of waiting till you have a stable income. Some people have a stable income but don't have discretionary income, such people cannot invest in bitcoin only if they look for a second means of income to get their discretionary income from.

[bitzizzix]

A lot of newbies in Bitcoin investment have made the mistake of buying Bitcoin when they have no emergency found or even not having a good stable income to hold Bitcoin comfortably without exchange them when they hard pressure.

I wouldn't consider it a mistake for newbies because even after buying without emergency funds set ups you can still set that up after having at least little to your portfolio while putting yourself to order, in my opinion some of this newbies that does this are opportunity grabbers which is even better than those who wait for the perfect timing which might not come, so I prefer they buy this bitcoin being imperfect and learn about things as time goes by than try to be all perfect set up all types of funds before ever getting to buy the real deal, bitcoin usually serve us opportunities like the little dips which a newbie could see and grab yet learn the who processes as time permits.

Yes, as a beginner, inevitably make minor mistakes when investing in BTC, such as forgetting about an emergency fund, which is crucial. However, a beginner's willingness to invest in BTC is certainly a plus compared to not investing at all. And, of course, over time, beginners will learn from their experiences.

It's true that an emergency fund is the most important thing to prepare before buying BTC. However, if already bought BTC, there's no harm in trying to build one emergency. Having an emergency fund will certainly give peace of mind when investing in BTC for the long term.

And, of course, in my opinion, don't need a stable income to invest in BTC. I believe delaying investing in BTC is a mistake, as its price will continue to rise. The most important thing is having money can afford to lose that's worth using to buy BTC.

Mistakes in investing in any field, including Bitcoin, will always occur, for both beginners and experienced investors. However, these mistakes can be learned and corrected to ensure a smooth investment journey.
Emergency funds should be prioritized alongside investment funds. If beginners don't yet understand the function of emergency funds, it's okay because they are focused on preparing funds for investment. As long as their Bitcoin remains intact and isn't used for urgent or other needs, it doesn't matter if they don't understand what an emergency fund is and its function. This can be done once they fully understand its benefits and can act immediately to set aside an emergency fund alongside their investment funds, rationalize everything for long-term goals that support their development, and expand their understanding and knowledge for the benefit of their own investments, so everything runs smoothly and generates substantial profits.
And of course, investing in Bitcoin doesn't require a steady income. The most important thing when someone realizes that Bitcoin can be profitable and wants to invest is to do so immediately without waiting for a steady income, as this is a waste of time and opportunity, given that Bitcoin's price will continue to rise. The most important thing is that you have income, even if it's uncertain, and that you only buy when it's available. You should still use discretionary income because basic needs and other essential requirements should remain a priority. Over time, you'll find the best way to meet these needs, whether that's getting a full-time job or something that provides a steady income, perhaps developing skills to supplement your volatile income, and so on, all to support everything, including your emergency fund.

[Derekfunds]

A lot of newbies in Bitcoin investment have made the mistake of buying Bitcoin when they have no emergency found or even not having a good stable income to hold Bitcoin comfortably without exchange them when they hard pressure.

I wouldn't consider it a mistake for newbies because even after buying without emergency funds set ups you can still set that up after having at least little to your portfolio while putting yourself to order, in my opinion some of this newbies that does this are opportunity grabbers which is even better than those who wait for the perfect timing which might not come, so I prefer they buy this bitcoin being imperfect and learn about things as time goes by than try to be all perfect set up all types of funds before ever getting to buy the real deal, bitcoin usually serve us opportunities like the little dips which a newbie could see and grab yet learn the who processes as time permits.

I think the summary of what I have understood so far is that the approach some newbies should really take is to emphasise the importance of taking healthy mindset actions and learning from others experiences and also learning to adapt to the market, rather than waiting for ideal conditions. The part you made mention of can still set up emergency funds after investing. I would say even if they don't have everything perfect from the start, in my own little understanding, they can still adjust, and then improvement takes place, plus improving their strategy changes over time.

This happens to the newbies because they were not properly guided with the little knowledge they have in investing in Bitcoin before they went into investment, which I know they must have learnt their lesson .
Newbie should not be discourage in any mistake they make instead encouraged because with time they will have to understand how Bitcoin investment works, it is better you start investing early enough unlike those that have been in the forum for long without investment and yet not willing to invest not having emergency fund can't deprive a newbie from investing, in as much as you will set it up along your line of investment, as long as for the period of not having an emergency fund his not going to tamper from his investment, as long as he his comfortable with his discretionary income and can always afford it.

Yeah, I really feel what you said. As a newbie myself, I have made some mistakes too because I did not  know much when I started.... But I am  still learning little by little, and I believe it is  part of the journey. I also agree that starting early is good. Even though I don’t have an emergency fund yet, but I  am trying  to use only the  money I can afford to lose, so it does not affect me. I believe with time and with more guidance, I will gain  more knowledge and understand  about Bitcoin investment better.

I know no one is above making a mistake but it is advise to at least get a basic knowledge of Bitcoin before starting to avoid unnecessary mistake, I called these mistakes unnecessary because as time goes on one will begin to gain more knowledge and will also get to know that those mistakes he or she was doing was not necessary because they are something they could have abstain from if actually  have the basic knowledge. Starting Bitcoin investment sometimes is not the issues rather the issues is knowing why you are starting and how to go about it rightly.

[Marvelockg]

Patience is the key here in the world of digital cryptocurrency or Bitcoin. Everyone's financial position and experience in the Bitcoin world should be individualized. For beginners, a long-term investment perspective and patience are the most important things. Instead of being afraid of media or market rumors, one should learn by paying attention to the confidence and perspective of big players. Because big investors do not rush into the market, they must take action based on their personal research and future financial prospects.

well, you might be mixing a lot of things together, but the fact is that either you are building your investment pattern from that of experienced investors or that you are setting a part for yourself and following it up to the latter, the goal is what matters most and that is that you are buying more bitcoin and building a stronger bitcoin stack better than it was in the past.

one thing about choosing to either model after big investors or to create your investment plan is that in either of the options, you are going to take out strategies that works and replicate it in your investment and look for what might not work for you and completely do away with that. for instance, when you are considering that buying bitcoin through the DCA method has worked for a lot of people both in the past and at present, you have even as a new investor, you just have to still make use of that method considering that it is what has been proven to work. new investors are even placed at an advantage because there are a lot of good and bad things you can learn from old investors which will help you in your investment journey rather than trying everything from scratch and failing badly in your investment.

[Yablee0]

Building an emergency fund before Bitcoin investment is a kind of security for you Bitcoin portfolio a d DCA jurney, because by having that emergency found, you will not have any pressure on your Bitcoin investment and that way, regardless of your overall income and cash flows you can comfortably buy and hold Bitcoin for long term.


A lot of newbies in Bitcoin investment have made the mistake of buying Bitcoin when they have no emergency found or even not having a good stable income to hold Bitcoin comfortably without exchange them when they hard pressure.

It is better that a new investor starts his bitcoin investment right away provided he has a discretionary income as a no coiner instead of waiting to build his emergency funds first, because it will take you quite some time to build up an emergency funds of at least three months of your income. The point here is that since you are a no coiner, you might be waiting and bitcoin price keeps on increasing, you will miss the opportunity in the market and at the same time left with no bitcoin.

Fiat depreciates overtime, which is the main reason why you need to start putting your discretionary income into bitcoin to safeguard the value of your funds. When you don't have a discretionary income, you can build it along side with your bitcoin investment by sharing your discretionary income into two parts. One for your regular weekly DCA and the other part for building your emergency funds till it is up to three months of your income.

Sometimes, emergencies might not occur and we might not even use our emergency funds but we need to continuously and constantly keep your bitcoin purchase ongoing with DCA for 4-10 years and above. There is a lot of time to build up an emergency funds since you are investing for a long time. But the more you delay your bitcoin accumulation, the more you are missing the opportunity of increasing your bitcoin portfolio to your bitcoin target.

Lastly, you don't need to have stable source of income before you will be comfortable in your bitcoin accumulation journey. Only your discretionary income is enough for you to start your bitcoin journey instead of waiting till you have a stable income. Some people have a stable income but don't have discretionary income, such people cannot invest in bitcoin only if they look for a second means of income to get their discretionary income from.

You have spoken well brotherly, waiting to build up or raise an emergency fund before investing in bitcoin is totally wrong or been seen as an unserious investor, because the more you wait to build up an emergency fund before investing is the more time and opportunity been wasted.

However, it is better you have some stash of it in your portfolio before considering raising and emergency funds.

[fredericktaylor]

A lot of newbies in Bitcoin investment have made the mistake of buying Bitcoin when they have no emergency found or even not having a good stable income to hold Bitcoin comfortably without exchange them when they hard pressure.

I wouldn't consider it a mistake for newbies because even after buying without emergency funds set ups you can still set that up after having at least little to your portfolio while putting yourself to order, in my opinion some of this newbies that does this are opportunity grabbers which is even better than those who wait for the perfect timing which might not come, so I prefer they buy this bitcoin being imperfect and learn about things as time goes by than try to be all perfect set up all types of funds before ever getting to buy the real deal, bitcoin usually serve us opportunities like the little dips which a newbie could see and grab yet learn the who processes as time permits.

I think the summary of what I have understood so far is that the approach some newbies should really take is to emphasise the importance of taking healthy mindset actions and learning from others experiences and also learning to adapt to the market, rather than waiting for ideal conditions. The part you made mention of can still set up emergency funds after investing. I would say even if they don't have everything perfect from the start, in my own little understanding, they can still adjust, and then improvement takes place, plus improving their strategy changes over time.

This happens to the newbies because they were not properly guided with the little knowledge they have in investing in Bitcoin before they went into investment, which I know they must have learnt their lesson .
Newbie should not be discourage in any mistake they make instead encouraged because with time they will have to understand how Bitcoin investment works, it is better you start investing early enough unlike those that have been in the forum for long without investment and yet not willing to invest not having emergency fund can't deprive a newbie from investing, in as much as you will set it up along your line of investment, as long as for the period of not having an emergency fund his not going to tamper from his investment, as long as he his comfortable with his discretionary income and can always afford it.

Yeah, I really feel what you said. As a newbie myself, I have made some mistakes too because I did not  know much when I started.... But I am  still learning little by little, and I believe it is  part of the journey. I also agree that starting early is good. Even though I don’t have an emergency fund yet, but I  am trying  to use only the  money I can afford to lose, so it does not affect me. I believe with time and with more guidance, I will gain  more knowledge and understand  about Bitcoin investment better.

I know no one is above making a mistake but it is advise to at least get a basic knowledge of Bitcoin before starting to avoid unnecessary mistake, I called these mistakes unnecessary because as time goes on one will begin to gain more knowledge and will also get to know that those mistakes he or she was doing was not necessary because they are something they could have abstain from if actually  have the basic knowledge. Starting Bitcoin investment sometimes is not the issues rather the issues is knowing why you are starting and how to go about it rightly.

Of course, it is very important to gain proper knowledge before investing in Bitcoin. Investing without gaining proper knowledge is like going out on the road blindfolded and any danger can happen at any time. If you start investing without understanding how Bitcoin works, you will make wrong decisions at any time, such as deciding to buy from the wrong place or deciding to sell at the wrong time. In addition to proper knowledge, long-term investment planning, strategy, market analysis and patience are very important for successful investment.

Bitcoin investment, if you do not rush into it and are aware of the risks, planning a small investment can bring success in the long run. It is very important to understand when to invest in the market and when to sell, otherwise the risk in the investment increases a lot. You should wait patiently for the right time to buy or sell.

[Stormisover]

Setting up emergency fund is supposed to be considered the right way to approach bitcoin investment, even if surely most people may not consider it necessary when getting started. But I still feel that our emergency fund need to come first before any other thing, because getting started with the hope of setting up emergency fund along the line seems very risky as we don't know when emergency issues will poop up.

With adequate and proper funds allocation investment can be built along side with an emergency funds simultaneously, what is needed is to ensure that there is a discretionary income available to start your investment with a sound mentality of also allocating a certain portion for your emergency funds, you don't necessarily have to build up an emergency funds before starting your investment, work on your cash flow management skills and funds allocation, I don't see any risk in building your investment alongside with your emergency funds.

Building an emergency fund before Bitcoin investment is a kind of security for you Bitcoin portfolio a d DCA jurney, because by having that emergency found, you will not have any pressure on your Bitcoin investment and that way, regardless of your overall income and cash flows you can comfortably buy and hold Bitcoin for long term.


A lot of newbies in Bitcoin investment have made the mistake of buying Bitcoin when they have no emergency found or even not having a good stable income to hold Bitcoin comfortably without exchange them when they hard pressure.

It is better that a new investor starts his bitcoin investment right away provided he has a discretionary income as a no coiner instead of waiting to build his emergency funds first, because it will take you quite some time to build up an emergency funds of at least three months of your income. The point here is that since you are a no coiner, you might be waiting and bitcoin price keeps on increasing, you will miss the opportunity in the market and at the same time left with no bitcoin.

Fiat depreciates overtime, which is the main reason why you need to start putting your discretionary income into bitcoin to safeguard the value of your funds. When you don't have a discretionary income, you can build it along side with your bitcoin investment by sharing your discretionary income into two parts. One for your regular weekly DCA and the other part for building your emergency funds till it is up to three months of your income.

Sometimes, emergencies might not occur and we might not even use our emergency funds but we need to continuously and constantly keep your bitcoin purchase ongoing with DCA for 4-10 years and above. There is a lot of time to build up an emergency funds since you are investing for a long time. But the more you delay your bitcoin accumulation, the more you are missing the opportunity of increasing your bitcoin portfolio to your bitcoin target.

Lastly, you don't need to have stable source of income before you will be comfortable in your bitcoin accumulation journey. Only your discretionary income is enough for you to start your bitcoin journey instead of waiting till you have a stable income. Some people have a stable income but don't have discretionary income, such people cannot invest in bitcoin only if they look for a second means of income to get their discretionary income from.

You have spoken well brotherly, waiting to build up or raise an emergency fund before investing in bitcoin is totally wrong or been seen as an unserious investor, because the more you wait to build up an emergency fund before investing is the more time and opportunity been wasted.

However, it is better you have some stash of it in your portfolio before considering raising and emergency funds.

I don't agree to this you should rather say the both can be built simultaneously you don't have to speak less of the importance of emergency funds with such suggestion.

[Gallar]

It is true that aggressive buying is a great idea for investment but for some new investors who cannot afford to buy. I think they should focus on deposit Bitcoin according to their means. I mean, new investors whose capital is relatively less than that of older investors should accumulation Bitcoin from their discretionary income according to their income. If new investors start deposit Bitcoin from the initial stage using the DCA method, then it should not be that difficult for them to keep the savings process going in the long term because they plan to save according to their weekly or monthly income. Some investors may not have multiple sources of income, so they will have to continue to invest in Bitcoin in small amounts from a single source of income. In fact, for long-term investment, investors of any income small or large can successfully complete the cycles if they have discretionary income and it is very necessary to have a floating fund or emergency fund to manage the investment.  I think a consistent long-term savings process would be a more effective way to grow your Bitcoin holdings than aggressive investment.

I believe this strategy can be used by all Bitcoin investors when aggressively buying Bitcoin. Personally, I believe aggressive buying has several different meanings, depending on the investor. Aggressive buying isn't just about buying large amounts of Bitcoin; it's about boldly buying Bitcoin with your entire discretionary income, regardless of the amount. I think that's the true meaning of aggressive buying in Bitcoin. Aggression is essentially about character, and money can be categorized as secondary. That's why I say aggressive buying can be done by all Bitcoin investors, whether wealthy or middle-class. And I personally think aggressive buying is also very good, so for those who dare to buy Bitcoin aggressively, it's certainly good for them. But everyone's preferences are different, so some might not feel comfortable making aggressive purchases and prefer to just DCA. And I wouldn't have a problem with that if the intention is to invest in Bitcoin for the long term.

[Spaceman1000$]

...

Yes you are right but if you find a second source of income and work to invest it is very good. But you have to take care that you do not harm yourself while doing this work. For example, many times our health gets very bad while doing a lot of work. And later we become very sick, work by considering all these aspects. Remember one thing, the richer you are, the more you spend. So if you can do extra work then continue working if you cannot then change your decision. Because you want to do this to invest extra but if you get into a big physical problem then your investment may be at risk.

Not all work is physically demanding, although all work can be time-consuming because all work always requires time. But as long as a Bitcoin investor's work still allows them to continue investing, I don't think it will directly impact their physical health. There are many people in the world who still work two different jobs, yet they are still quite healthy and have no problems in their lives. Anyone who has become an investor, especially an investor who frequently buys Bitcoin, would be better off if they could have more than one job because they could easily utilize the income from both jobs for themselves and could also directly apply it to Bitcoin investments more regularly without any obstacles.

Boils down to the kind of stuff you are into, they are some folk that are okay with just having one good paying job that can cover their expenses and same time enable them to invest without having any stress. Having more than one sources is also good but still don’t over push yourself because health is wealth . There are some jobs that are draining , so is still good to watch your health too , just like they always you can be aggressive but don’t over do it .

I think having only a single source of income that you are using to take care of your expenses and investment is far better than plenty source of income that someone can not use to take care of their expenses and investment and a lot of people are into this category of people that can not..., and someone who has more than one source of income and knows how to manage his investment and take good care of their expenses is also great. Every individual should know their capacity and know the kind of job they can handle and the kind of job they can not handle, overstressing oneself because of our investment and expenses won't worth it because the moment one break down, is either they use the money he or she has worked for years to take care of the person or the person might even die leaving all the things he or she has worked for that's why it is not good to overstress.

There are multiple jobs that an individual can work that are stressful no doubt but makes you more  agile, I had two friends some years back, one of them had two jobs, he was a Bar man at a night club and he also had a street marking job for a particular brewery which makes him to go out on the street and advertise several drinks to shops and retail owners so they can buy, he does this throughout the morning everyday and  goes home later in the day to rest, in the evening he goes to the beer parlor that he serves as a Bar man, stays there for couple of hours before going home, so I asked him one day if this multiple jobs he is doing not stressing him, he went on to say, no that the job actually makes him agile and strong to go out everyday. However I also have another friend that works in the office 9  to 5, he has his own front desk and a laptop, his pay is fine, enjoy the ambience of his office and always talks about it, however there's one thing that I notice whenever we are having a conversation, he always complains about the fact that he is tired whenever he comes back from work, sometimes he doesn't even have to strength to make food to eat, he just goes in to sleep.

So this is to say that there are multiple jobs that do not necessarily break you down, sometimes it sharpen you activities and make you get ready for the following day because the agility is there.  but one thing is that anybody can fall sick, whether you are doing multiple jobs or not. More so if you can do multiple streams and keep your income high so you can maintain a good investment portfolio then I don't see anything wrong.

[Moreno233]

I wouldn't consider it a mistake for newbies because even after buying without emergency funds set ups you can still set that up after having at least little to your portfolio while putting yourself to order, in my opinion some of this newbies that does this are opportunity grabbers which is even better than those who wait for the perfect timing which might not come, so I prefer they buy this bitcoin being imperfect and learn about things as time goes by than try to be all perfect set up all types of funds before ever getting to buy the real deal, bitcoin usually serve us opportunities like the little dips which a newbie could see and grab yet learn the who processes as time permits.

I think the summary of what I have understood so far is that the approach some newbies should really take is to emphasise the importance of taking healthy mindset actions and learning from others experiences and also learning to adapt to the market, rather than waiting for ideal conditions. The part you made mention of can still set up emergency funds after investing. I would say even if they don't have everything perfect from the start, in my own little understanding, they can still adjust, and then improvement takes place, plus improving their strategy changes over time.

Before you use fine English to confuse newbies, they need not complicate the Bitcoin investment process and should be able to work out a simple approach that will make it mechanical so that they do it with minimal effort and without much hassles. One of the test approach that is recommended for new investors is the DCA method which is the method of investing with lower amount of money on a regular interval like monthly or weekly. This method is great in that it allows the investor to buy with any amount they can afford and encourages them to make effort to sustain the investment process in a disciplined fashion.

However, it must be clearly stated that investment in Bitcoin must only be made from part of the discretionary income of the investor. The discretionary income, which is usually separated from the money for basic needs, should be properly allocated so that apart from the investment amount, emergency funds must also be kept in place to take care of unplanned things that can occur while the investment is in place. This measures will make even new investors to succeed in Bitcoin as thought they are pro in that area.