Buy Buy Buy or Sell Sell Sell?

[Bigjoe33]

When investing in BTC, the best approach is indeed to have a steady income that allows you to consistently buy BTC.

You don't have to wait to have a steady income before you start buying BTC, it's I wrong investment approach. What you need to start buying BTC is your ability to figure out your discretionary income, and then you begin to buy Bitcoin using the DCA strategy of accumulating Bitcoin which allows you to buy Bitcoin in little fragments as low as $10 weekly or monthly depending on your cash flow. So this makes it easier for people without a steady income to begin to accumulate Bitcoin so long as they can figure out what there discretionary income is. So you don't have to wait till you have a steady income before you start buying, No!

Buying BTC using the DCA technique is no problem even if you buy it at any time but when you finish buying BTC you must have a small emergency fund to save because when you unexpectedly need it you have certainly made a long-term investment.

What are you saying actually? That we have to finish buying Bitcoin before we can start creating our emergency funds? This is not right and is a wrong investment mentality. The right approach is to build up your emergency funds simultaneously while you also building your Bitcoin portfolio(buying BTC). If you wait to finish buying Bitcoin before you start saving emergency funds according to you, you would be putting your investment at a great risk because life challenges and/or emergency might come, and how would you handle it? This means that you might be forced to sell your assets unprepared and maybe at a loss. So the best thing or approach is to keep buying bitcoin and also alongside building your emergency funds and other back up funds from your discretionary income.

[iamsange]

What are you saying actually? That we have to finish buying Bitcoin before we can start creating our emergency funds? This is not right and is a wrong investment mentality. The right approach is to build up your emergency funds simultaneously while you also building your Bitcoin portfolio(buying BTC). If you wait to finish buying Bitcoin before you start saving emergency funds according to you, you would be putting your investment at a great risk because life challenges and/or emergency might come, and how would you handle it? This means that you might be forced to sell your assets unprepared and maybe at a loss. So the best thing or approach is to keep buying bitcoin and also alongside building your emergency funds and other back up funds from your discretionary income.

Perhaps this is our understanding an emergency fund should still be in place before purchasing BTC. For example if a person earns $20 this month don't invest it all. At least use a portion of that income as an emergency fund. This doesn't mean that after purchasing BTC the person starts building an emergency fund, but it should be done simultaneously. However not all of their income should be invested immediately. Of course some should be set aside so that when an unexpected need arises, they still have an emergency fund set aside even after purchasing BTC. That's probably their understanding.

[Obulis]

If we keep to your instructions or thoughts here, that means that those who do not have a work or job that pays reguraly wouldn't invest in Bitcoin. There are those who do not get a regular pay, and there income are not fixed. Maybe there Jobs are on contract and doesn't come always, or maybe they do daily Jobs, and sometimes they might not have the opportunity to work for some days, or sometimes illness too. So these set of people may not have regular income, but I still feel that they can investing bitcoyas they can afford. I believe if they are interested in bitcoin investment, they can, after receiving there pay for there day's job, or after executing a contract as the case maybe, they can figure out there discretionary from such pay and then invest as they deem fit using the DCA strategy. And such investors will always work with flexibility since there Income is not always regular. So I feel they can still be investors even though they are not regular in receiving there pay it income.

I don't think this  idea is right that only those that have regular job or fixed salaries that can invest in bitcoin.Not having a stable source of income shouldn't stop anyone from investing in bitcoin. The most important thing is if the person has discretionary income to invest with then they are good to start investing in bitcoin. They can start with DCA strategy and buy only when there salary comes in regardless if there salary is stable or not.

It's very correct that it's not only persons with regular jobs or steady income flow that can invest in Bitcoin. I know people whose job is contract based, their main source of income is from the little contract they do which is countable in a whole year. Not even as if they make tens of thousands of dollars or hundreds of thousands of dollars to talk of millions from one contract even as some contractors are millionaires. When this is the case, personal economic approach to life can give the opportunity for investment into Bitcoin by leveraging on DCA strategy.

[OmezMac]

When investing in BTC, the best approach is indeed to have a steady income that allows you to consistently buy BTC.

You don't have to wait to have a steady income before you start buying BTC, it's I wrong investment approach. What you need to start buying BTC is your ability to figure out your discretionary income, and then you begin to buy Bitcoin using the DCA strategy of accumulating Bitcoin which allows you to buy Bitcoin in little fragments as low as $10 weekly or monthly depending on your cash flow. So this makes it easier for people without a steady income to begin to accumulate Bitcoin so long as they can figure out what there discretionary income is. So you don't have to wait till you have a steady income before you start buying, No!

Buying BTC using the DCA technique is no problem even if you buy it at any time but when you finish buying BTC you must have a small emergency fund to save because when you unexpectedly need it you have certainly made a long-term investment.

What are you saying actually? That we have to finish buying Bitcoin before we can start creating our emergency funds? This is not right and is a wrong investment mentality. The right approach is to build up your emergency funds simultaneously while you also building your Bitcoin portfolio(buying BTC). If you wait to finish buying Bitcoin before you start saving emergency funds according to you, you would be putting your investment at a great risk because life challenges and/or emergency might come, and how would you handle it? This means that you might be forced to sell your assets unprepared and maybe at a loss. So the best thing or approach is to keep buying bitcoin and also alongside building your emergency funds and other back up funds from your discretionary income.

You said it all, emergency funds should be set aside before thinking about purchasing Bitcoin so you won't think about selling your Bitcoin early because no one knows when emergency will come up and I also think that any money that is put in Bitcoin should be money that you won't think about because holding Bitcoin for more than 10 years should be our priority because it's the future of finance and we shouldn't be left behind

[GIF-JOBS]

What are you saying actually? That we have to finish buying Bitcoin before we can start creating our emergency funds? This is not right and is a wrong investment mentality. The right approach is to build up your emergency funds simultaneously while you also building your Bitcoin portfolio(buying BTC). If you wait to finish buying Bitcoin before you start saving emergency funds according to you, you would be putting your investment at a great risk because life challenges and/or emergency might come, and how would you handle it? This means that you might be forced to sell your assets unprepared and maybe at a loss. So the best thing or approach is to keep buying bitcoin and also alongside building your emergency funds and other back up funds from your discretionary income.

Perhaps this is our understanding an emergency fund should still be in place before purchasing BTC. For example if a person earns $20 this month don't invest it all. At least use a portion of that income as an emergency fund. This doesn't mean that after purchasing BTC the person starts building an emergency fund, but it should be done simultaneously. However not all of their income should be invested immediately. Of course some should be set aside so that when an unexpected need arises, they still have an emergency fund set aside even after purchasing BTC. That's probably their understanding.

An emergency fund should be kept to protect any investment. Emergency situations are a normal thing, so even if there is a sudden need, so that no problem arises that can damage the investment. A separate fund is very important to solve the problem. Its importance is very great, but those who do not understand it, they will regret it later. So it cannot be neglected, you should pay attention to creating an emergency fund while keeping the investment running. Because an emergency fund is a protective charm.

[Gallar]

What are you saying actually? That we have to finish buying Bitcoin before we can start creating our emergency funds? This is not right and is a wrong investment mentality. The right approach is to build up your emergency funds simultaneously while you also building your Bitcoin portfolio(buying BTC). If you wait to finish buying Bitcoin before you start saving emergency funds according to you, you would be putting your investment at a great risk because life challenges and/or emergency might come, and how would you handle it? This means that you might be forced to sell your assets unprepared and maybe at a loss. So the best thing or approach is to keep buying bitcoin and also alongside building your emergency funds and other back up funds from your discretionary income.

Perhaps this is our understanding an emergency fund should still be in place before purchasing BTC. For example if a person earns $20 this month don't invest it all. At least use a portion of that income as an emergency fund. This doesn't mean that after purchasing BTC the person starts building an emergency fund, but it should be done simultaneously. However not all of their income should be invested immediately. Of course some should be set aside so that when an unexpected need arises, they still have an emergency fund set aside even after purchasing BTC. That's probably their understanding.

Yes, we must not forget about emergency funds, as this is clearly a solid foundation for our Bitcoin investment. Because without an emergency fund, we will clearly face significant risks in our Bitcoin investment. So, what's the problem? Set aside money for an emergency fund and invest any remaining discretionary income in Bitcoin. The bottom line is, never underestimate emergencies. Without an emergency fund, what's the point of investing? After all, Bitcoin will inevitably be sold for urgent needs. Therefore, we absolutely must not be reckless in investing in Bitcoin, as it is essentially a long journey. Any misstep will clearly jeopardize our future financial situation. Therefore, every positive step must be taken when investing in Bitcoin. Starting with an emergency fund, we must have a reserve fund, and we must also have savings. So, with that in mind, I believe our Bitcoin investment will be very safe.

[Finebone]

emergency funds should be set aside before thinking about purchasing Bitcoin so you won't think about selling your Bitcoin early

It seems like you are a bit confused here mate, what makes you think that emergency funds will come first before you start accumulating Bitcoin?

Am not saying that it's not important, what am trying to say is that emergency funds is very important, but you need to start accumulating Bitcoin before putting it in place, and you can easily do that alongside your Bitcoin investment, not by putting emergency funds in place first before you start accumulating, because that may delay your Bitcoin accumulation, since it's going to take up to a year or more to set up a reasonable emergency funds that can sustain you and your investment for like three months interval if emergency like loss of job occurs.

[@nn@_pen9]

If we keep to your instructions or thoughts here, that means that those who do not have a work or job that pays reguraly wouldn't invest in Bitcoin. There are those who do not get a regular pay, and there income are not fixed. Maybe there Jobs are on contract and doesn't come always, or maybe they do daily Jobs, and sometimes they might not have the opportunity to work for some days, or sometimes illness too. So these set of people may not have regular income, but I still feel that they can investing bitcoyas they can afford. I believe if they are interested in bitcoin investment, they can, after receiving there pay for there day's job, or after executing a contract as the case maybe, they can figure out there discretionary from such pay and then invest as they deem fit using the DCA strategy. And such investors will always work with flexibility since there Income is not always regular. So I feel they can still be investors even though they are not regular in receiving there pay it income.

I don't think this  idea is right that only those that have regular job or fixed salaries that can invest in bitcoin.Not having a stable source of income shouldn't stop anyone from investing in bitcoin. The most important thing is if the person has discretionary income to invest with then they are good to start investing in bitcoin. They can start with DCA strategy and buy only when there salary comes in regardless if there salary is stable or not.

Indeed, Bitcoin investment can be an opportunity for anyone, including those with unstable incomes. But you have to remember that their investment will at some point be disturbed by pressure or the harshness of the life he lives, an investment like this seems like a waste. In contrast, if they have a stable income every month, of course they can be consistent and buy Bitcoin. And of course their investment will not be disturbed because they have prepared it carefully according to their respective portions.

[sotelorene]

What are you saying actually? That we have to finish buying Bitcoin before we can start creating our emergency funds? This is not right and is a wrong investment mentality. The right approach is to build up your emergency funds simultaneously while you also building your Bitcoin portfolio(buying BTC). If you wait to finish buying Bitcoin before you start saving emergency funds according to you, you would be putting your investment at a great risk because life challenges and/or emergency might come, and how would you handle it? This means that you might be forced to sell your assets unprepared and maybe at a loss. So the best thing or approach is to keep buying bitcoin and also alongside building your emergency funds and other back up funds from your discretionary income.

Perhaps this is our understanding an emergency fund should still be in place before purchasing BTC. For example if a person earns $20 this month don't invest it all. At least use a portion of that income as an emergency fund. This doesn't mean that after purchasing BTC the person starts building an emergency fund, but it should be done simultaneously. However not all of their income should be invested immediately. Of course some should be set aside so that when an unexpected need arises, they still have an emergency fund set aside even after purchasing BTC. That's probably their understanding.

An emergency fund should be kept to protect any investment. Emergency situations are a normal thing, so even if there is a sudden need, so that no problem arises that can damage the investment. A separate fund is very important to solve the problem. Its importance is very great, but those who do not understand it, they will regret it later. So it cannot be neglected, you should pay attention to creating an emergency fund while keeping the investment running. Because an emergency fund is a protective charm.

The way you are talking about this emergency funds makes it look like it is of more relevance than our discretionary income and if may ask you, how or what do you protect when there's nothing to protect?  Maybe you have forgotten that there must be a discrestionary first to be used in investing before we can think of protecting and we should always prioritize our discretionary income because that is what we need to invest and without it whatever we think we are doing is pure trading because the money use for the purchase is not what we can afford to lose ( not from discretionary) so we should not lay so much emphasy on emergency funds because once we have an investment ongoing a wise person will strive to protect it.

[Umulala-alala]

What are you saying actually? That we have to finish buying Bitcoin before we can start creating our emergency funds? This is not right and is a wrong investment mentality. The right approach is to build up your emergency funds simultaneously while you also building your Bitcoin portfolio(buying BTC). If you wait to finish buying Bitcoin before you start saving emergency funds according to you, you would be putting your investment at a great risk because life challenges and/or emergency might come, and how would you handle it? This means that you might be forced to sell your assets unprepared and maybe at a loss. So the best thing or approach is to keep buying bitcoin and also alongside building your emergency funds and other back up funds from your discretionary income.

Perhaps this is our understanding an emergency fund should still be in place before purchasing BTC. For example if a person earns $20 this month don't invest it all. At least use a portion of that income as an emergency fund. This doesn't mean that after purchasing BTC the person starts building an emergency fund, but it should be done simultaneously. However not all of their income should be invested immediately. Of course some should be set aside so that when an unexpected need arises, they still have an emergency fund set aside even after purchasing BTC. That's probably their understanding.

An emergency fund should be kept to protect any investment. Emergency situations are a normal thing, so even if there is a sudden need, so that no problem arises that can damage the investment. A separate fund is very important to solve the problem. Its importance is very great, but those who do not understand it, they will regret it later. So it cannot be neglected, you should pay attention to creating an emergency fund while keeping the investment running. Because an emergency fund is a protective charm.

The way you are talking about this emergency funds makes it look like it is of more relevance than our discretionary income and if may ask you, how or what do you protect when there's nothing to protect?  Maybe you have forgotten that there must be a discrestionary first to be used in investing before we can think of protecting and we should always prioritize our discretionary income because that is what we need to invest and without it whatever we think we are doing is pure trading because the money use for the purchase is not what we can afford to lose ( not from discretionary) so we should not lay so much emphasy on emergency funds because once we have an investment ongoing a wise person will strive to protect it.

Both are very important for the progress of our BTC investment if we are buying bitcoin with our discretionary income and we don't have an emergency fund we are exposing our investment into danger unexpected things happen unannounced so we are supposed to have our emergency fund incase it happens we sell our BTC hodling when we are not to sell, emergency fund is like a shell that protect the snail in other not to get hurt aside bitcoin investment we are supposed to have an emergency fund as an individual because unforseen circumstances will definitely happen one day.

[Sim_card]

Bitcoin investment can be an opportunity for anyone, including those with unstable incomes. But you have to remember that their investment will at some point be disturbed by pressure or the harshness of the life he lives, an investment like this seems like a waste. In contrast, if they have a stable income every month, of course they can be consistent and buy Bitcoin . And of course their investment will not be disturbed because they have prepared it carefully according to their respective portions.

It's not a most for you to have a stable income before you can start your bitcoin investment and hodli for long term. What you need is your discretionary income to get started. There are some people who has stable income but don't have discretionary income because their income is not enough to take care of their monthly bills.

Provided a you have a discretionary income, you can buy whenever, it's available and if it's not regular, you don't need to be waiting buy and wait till you have again while you work on improving your income by getting a second job, so that the money from their can act as your discretionary income and invest regularly with DCA.

A gambler can hit a jackpot and invest with the money using DCA, that doesn't mean that he would sell his coin. If you use your discretionary income, you wouldn't sell your bitcoin even if you can no longer buy at that period of time.

[ejikeme24]

emergency funds should be set aside before thinking about purchasing Bitcoin so you won't think about selling your Bitcoin early

It seems like you are a bit confused here mate, what makes you think that emergency funds will come first before you start accumulating Bitcoin?

That's not the right way to address newbies,  it seems @ OmezMac started posting in this thread recently so he's likely to miss the whole concept here which I was expecting you to explain to him in a polite way rather than making him feel lost. However,  @ OmezMac is not actually wrong when he said that emergency funds should be set aside before thinking about purchasing Bitcoin which he's also trying to bring his own opinion, and I must say that his opinion is valid because there's no where it is written that you must start making your Bitcoin purchase before setting up emergency funds rather, every investors have to decide for themselves if they are to fix their emergency funds before getting started or to getting started before setting up emergency funds. me personally would like to purchase for  three weeks or one month before looking into setting up emergency funds because emergency might not occur during that process, this is just a personal believe.

[ASloveapg]

If we keep to your instructions or thoughts here, that means that those who do not have a work or job that pays reguraly wouldn't invest in Bitcoin. There are those who do not get a regular pay, and there income are not fixed. Maybe there Jobs are on contract and doesn't come always, or maybe they do daily Jobs, and sometimes they might not have the opportunity to work for some days, or sometimes illness too. So these set of people may not have regular income, but I still feel that they can investing bitcoyas they can afford. I believe if they are interested in bitcoin investment, they can, after receiving there pay for there day's job, or after executing a contract as the case maybe, they can figure out there discretionary from such pay and then invest as they deem fit using the DCA strategy. And such investors will always work with flexibility since there Income is not always regular. So I feel they can still be investors even though they are not regular in receiving there pay it income.

I don't think this  idea is right that only those that have regular job or fixed salaries that can invest in bitcoin.Not having a stable source of income shouldn't stop anyone from investing in bitcoin. The most important thing is if the person has discretionary income to invest with then they are good to start investing in bitcoin. They can start with DCA strategy and buy only when there salary comes in regardless if there salary is stable or not.

Indeed, Bitcoin investment can be an opportunity for anyone, including those with unstable incomes. But you have to remember that their investment will at some point be disturbed by pressure or the harshness of the life he lives, an investment like this seems like a waste. In contrast, if they have a stable income every month, of course they can be consistent and buy Bitcoin. And of course their investment will not be disturbed because they have prepared it carefully according to their respective portions.

Since everyone's income is not the same, everyone has to decide to invest according to their income. Those who have a stable income must keep their investments stable. On the other hand, those whose income is unstable, that is, one amount of income this month and another amount less or more the next month, can invest even if they want, it may fluctuate slightly according to their income, but they can also invest. Bitcoin investment is for everyone, no one is ineligible here, just if you try your best to keep the investment going, and if you can survive in the long-term holding, then you will definitely be able to achieve success from Bitcoin at some point.

[ZeroVinsonN]

When investing in BTC, the best approach is indeed to have a steady income that allows you to consistently buy BTC.

You don't have to wait to have a steady income before you start buying BTC, it's I wrong investment approach. What you need to start buying BTC is your ability to figure out your discretionary income, and then you begin to buy Bitcoin using the DCA strategy of accumulating Bitcoin which allows you to buy Bitcoin in little fragments as low as $10 weekly or monthly depending on your cash flow. So this makes it easier for people without a steady income to begin to accumulate Bitcoin so long as they can figure out what there discretionary income is. So you don't have to wait till you have a steady income before you start buying, No!

Buying BTC using the DCA technique is no problem even if you buy it at any time but when you finish buying BTC you must have a small emergency fund to save because when you unexpectedly need it you have certainly made a long-term investment.

What are you saying actually? That we have to finish buying Bitcoin before we can start creating our emergency funds? This is not right and is a wrong investment mentality. The right approach is to build up your emergency funds simultaneously while you also building your Bitcoin portfolio(buying BTC). If you wait to finish buying Bitcoin before you start saving emergency funds according to you, you would be putting your investment at a great risk because life challenges and/or emergency might come, and how would you handle it? This means that you might be forced to sell your assets unprepared and maybe at a loss. So the best thing or approach is to keep buying bitcoin and also alongside building your emergency funds and other back up funds from your discretionary income.

You said it all, emergency funds should be set aside before thinking about purchasing Bitcoin so you won't think about selling your Bitcoin early because no one knows when emergency will come up and I also think that any money that is put in Bitcoin should be money that you won't think about because holding Bitcoin for more than 10 years should be our priority because it's the future of finance and we shouldn't be left behind

I understand that the importance of the emergency fund can not be over emphasized but don't make the mistake of prioritising it over your bitcoin investment, it's okay if you already had and emergency fund saved up before your decision to invest in bitcoin, understand that I said before, but if you decided to start investing in bitcoin and then realises the importance of the emergency fund then do not for any reason halt your investment in order to build your emergency fund first, in a case like this one your investment should take priority, the best thing to do would be to do the two things at the same time, you can start investing in bitcoin and start saving up for emergency at the same time, these two are funded from your discretionary income so you can split the percentage in a way proper way and then increase the percentage you invest in bitcoin with when you have saved what needs to be saved for emergency.

[ruykeri]

You said it all, emergency funds should be set aside before thinking about purchasing Bitcoin so you won't think about selling your Bitcoin early because no one knows when emergency will come up and I also think that any money that is put in Bitcoin should be money that you won't think about because holding Bitcoin for more than 10 years should be our priority because it's the future of finance and we shouldn't be left behind

The importance of an emergency fund in investing in Bitcoin is very high. An emergency fund is basically said to be a back-up fund equal to 3 to 6 months of total expenses. If you want to build an emergency fund before Bitcoin investing , it will take you a lot of time. For this reason, many opportunities to invest in Bitcoin may be missed. as you have a strong cash flow, then invest some of your discretionary income in Bitcoin as per your chance and keep some money for the emergency fund. As a result, the opportunity will not be missed and Bitcoin accumulation will continue at the same time. And the money that you mentioned outside the necessary expenses of daily life is basically called discretionary income, money or fund.

In investing in Bitcoin, you should proceed with a long-term attitude. It can be 4 to 10 years. It is very easy to say but in reality it becomes very difficult. you should have the financial condition and mindset to invest for at least 4 years. However, when you say “this is the finance of the future” you should be a little careful because the potential of Bitcoin is very big but no future is guaranteed. If you accumulate without pressure, regularly, and within your way so it means that  You are putting yourself in a strong position for the future. But that is not a 100% guarantee.

I want to talk about another thing. You said that it seems like ''if you don't start investing now, you will be left behind'' making decisions based on fear is rather dangerous. Bitcoin investment is for continuous accumulation, not for FOMO. If someone cannot hold it for 10 years due to unforeseen reasons, it is not a problem or a failure only when someone buys beyond their ability and then sells it under pressure . so starting investments in a hurry will never lead to anything good. In terms of investment, everything should be according to the right plan.

[Xackie]

If we keep to your instructions or thoughts here, that means that those who do not have a work or job that pays reguraly wouldn't invest in Bitcoin. There are those who do not get a regular pay, and there income are not fixed. Maybe there Jobs are on contract and doesn't come always, or maybe they do daily Jobs, and sometimes they might not have the opportunity to work for some days, or sometimes illness too. So these set of people may not have regular income, but I still feel that they can investing bitcoyas they can afford. I believe if they are interested in bitcoin investment, they can, after receiving there pay for there day's job, or after executing a contract as the case maybe, they can figure out there discretionary from such pay and then invest as they deem fit using the DCA strategy. And such investors will always work with flexibility since there Income is not always regular. So I feel they can still be investors even though they are not regular in receiving there pay it income.

I don't think this  idea is right that only those that have regular job or fixed salaries that can invest in bitcoin.Not having a stable source of income shouldn't stop anyone from investing in bitcoin. The most important thing is if the person has discretionary income to invest with then they are good to start investing in bitcoin. They can start with DCA strategy and buy only when there salary comes in regardless if there salary is stable or not.

Indeed, Bitcoin investment can be an opportunity for anyone, including those with unstable incomes. But you have to remember that their investment will at some point be disturbed by pressure or the harshness of the life he lives, an investment like this seems like a waste. In contrast, if they have a stable income every month, of course they can be consistent and buy Bitcoin. And of course their investment will not be disturbed because they have prepared it carefully according to their respective portions.

Since everyone's income is not the same, everyone has to decide to invest according to their income. Those who have a stable income must keep their investments stable. On the other hand, those whose income is unstable, that is, one amount of income this month and another amount less or more the next month, can invest even if they want, it may fluctuate slightly according to their income, but they can also invest. Bitcoin investment is for everyone, no one is ineligible here, just if you try your best to keep the investment going, and if you can survive in the long-term holding, then you will definitely be able to achieve success from Bitcoin at some point.

I agree with you on that. Not all hands are the same people earn differently, some lower while some higher or moderate.  So  investing should fit real life, not force stress. You don't need to have a big income before you can start ti investing. You only need to use money you won't need urgently. Even if it small buying that you are doing consistently, it is a very good approach. The important thing is to stay calm, never use the funds meant for daily use or emergency and moreover be discipline in a way that you are consistent, you don't sell  because of emotional fear .

[CageMabok]

...

Perhaps this is our understanding an emergency fund should still be in place before purchasing BTC. For example if a person earns $20 this month don't invest it all. At least use a portion of that income as an emergency fund. This doesn't mean that after purchasing BTC the person starts building an emergency fund, but it should be done simultaneously. However not all of their income should be invested immediately. Of course some should be set aside so that when an unexpected need arises, they still have an emergency fund set aside even after purchasing BTC. That's probably their understanding.

A simpler understanding is that anyone who has become an investor or wants to become an investor by using their own money to buy Bitcoin should be able to live normally without having to sacrifice something that was previously essential for them. This means that the investment activity undertaken should not interfere with their personal life, because basic needs should not be sacrificed, especially for those who care about their health. Therefore, any investment, no matter how large, must have a benchmark for preparation, one of which is an emergency fund and funds that can be immediately used as capital to purchase Bitcoin after meeting all basic daily needs.

[Derekfunds]

What are you saying actually? That we have to finish buying Bitcoin before we can start creating our emergency funds? This is not right and is a wrong investment mentality. The right approach is to build up your emergency funds simultaneously while you also building your Bitcoin portfolio(buying BTC). If you wait to finish buying Bitcoin before you start saving emergency funds according to you, you would be putting your investment at a great risk because life challenges and/or emergency might come, and how would you handle it? This means that you might be forced to sell your assets unprepared and maybe at a loss. So the best thing or approach is to keep buying bitcoin and also alongside building your emergency funds and other back up funds from your discretionary income.

Perhaps this is our understanding an emergency fund should still be in place before purchasing BTC. For example if a person earns $20 this month don't invest it all. At least use a portion of that income as an emergency fund. This doesn't mean that after purchasing BTC the person starts building an emergency fund, but it should be done simultaneously. However not all of their income should be invested immediately. Of course some should be set aside so that when an unexpected need arises, they still have an emergency fund set aside even after purchasing BTC. That's probably their understanding.

An emergency fund should be kept to protect any investment. Emergency situations are a normal thing, so even if there is a sudden need, so that no problem arises that can damage the investment. A separate fund is very important to solve the problem. Its importance is very great, but those who do not understand it, they will regret it later. So it cannot be neglected, you should pay attention to creating an emergency fund while keeping the investment running. Because an emergency fund is a protective charm.

The way you are talking about this emergency funds makes it look like it is of more relevance than our discretionary income and if may ask you, how or what do you protect when there's nothing to protect?  Maybe you have forgotten that there must be a discrestionary first to be used in investing before we can think of protecting and we should always prioritize our discretionary income because that is what we need to invest and without it whatever we think we are doing is pure trading because the money use for the purchase is not what we can afford to lose ( not from discretionary) so we should not lay so much emphasy on emergency funds because once we have an investment ongoing a wise person will strive to protect it.

Both are very important for the progress of our BTC investment if we are buying bitcoin with our discretionary income and we don't have an emergency fund we are exposing our investment into danger unexpected things happen unannounced so we are supposed to have our emergency fund incase it happens we sell our BTC hodling when we are not to sell, emergency fund is like a shell that protect the snail in other not to get hurt aside bitcoin investment we are supposed to have an emergency fund as an individual because unforseen circumstances will definitely happen one day.

Perhaps, you are misunderstanding what this dude said, the dude doesn't say that both are not important rather it is talking about what should come first and off course discretionary income should come before thinking of any other thing because without a discrestionary income we can not invest in Bitcoin and sometimes so many people find it very difficult to allocate or figure out this discretionary income and sad enough some doesn't even know how to allocate it and that is why they use money meant for expenses to invest and later panic and sell.

[Onyeeze]

If we keep to your instructions or thoughts here, that means that those who do not have a work or job that pays reguraly wouldn't invest in Bitcoin. There are those who do not get a regular pay, and there income are not fixed. Maybe there Jobs are on contract and doesn't come always, or maybe they do daily Jobs, and sometimes they might not have the opportunity to work for some days, or sometimes illness too. So these set of people may not have regular income, but I still feel that they can investing bitcoyas they can afford. I believe if they are interested in bitcoin investment, they can, after receiving there pay for there day's job, or after executing a contract as the case maybe, they can figure out there discretionary from such pay and then invest as they deem fit using the DCA strategy. And such investors will always work with flexibility since there Income is not always regular. So I feel they can still be investors even though they are not regular in receiving there pay it income.

I don't think this  idea is right that only those that have regular job or fixed salaries that can invest in bitcoin.Not having a stable source of income shouldn't stop anyone from investing in bitcoin. The most important thing is if the person has discretionary income to invest with then they are good to start investing in bitcoin. They can start with DCA strategy and buy only when there salary comes in regardless if there salary is stable or not.

Indeed, Bitcoin investment can be an opportunity for anyone, including those with unstable incomes. But you have to remember that their investment will at some point be disturbed by pressure or the harshness of the life he lives, an investment like this seems like a waste. In contrast, if they have a stable income every month, of course they can be consistent and buy Bitcoin. And of course their investment will not be disturbed because they have prepared it carefully according to their respective portions.

Since everyone's income is not the same, everyone has to decide to invest according to their income. Those who have a stable income must keep their investments stable. On the other hand, those whose income is unstable, that is, one amount of income this month and another amount less or more the next month, can invest even if they want, it may fluctuate slightly according to their income, but they can also invest. Bitcoin investment is for everyone, no one is ineligible here, just if you try your best to keep the investment going, and if you can survive in the long-term holding, then you will definitely be able to achieve success from Bitcoin at some point.

I agree with you on that. Not all hands are the same people earn differently, some lower while some higher or moderate.  So  investing should fit real life, not force stress. You don't need to have a big income before you can start ti investing. You only need to use money you won't need urgently. Even if it small buying that you are doing consistently, it is a very good approach. The important thing is to stay calm, never use the funds meant for daily use or emergency and moreover be discipline in a way that you are consistent, you don't sell  because of emotional fear .

actually you guys are saying the truth about investment you don't need to invest what you cannot control and you don't need to wait for you to have everything before you can start investing, investment is all about what you have so you can start investing gradually and if you are lucky to make a profit you can expand for the investment, so for Bitcoin I will suggest that if anyone want to invest in Bitcoin the person should use what it can afford to lose and invest in Bitcoin because Bitcoin is all about risk it can decrease to a point that you you will not like and it can also increase unexpectedly to you so when you investing in Bitcoin use your capital and to do not use all your capital to invest in Bitcoin

[alankasman]

Perhaps this is our understanding an emergency fund should still be in place before purchasing BTC. For example if a person earns $20 this month don't invest it all. At least use a portion of that income as an emergency fund. This doesn't mean that after purchasing BTC the person starts building an emergency fund, but it should be done simultaneously. However not all of their income should be invested immediately. Of course some should be set aside so that when an unexpected need arises, they still have an emergency fund set aside even after purchasing BTC. That's probably their understanding.

That's right I think so because we currently sometimes have quite limited income so with limited income of course when we want to invest we don't do it fully so that the emergency fund that we save is the result of what we set aside regardless of what we have invested because the investment we make is better with a long period of time because with a short term the results we may not be that big so every time there is income from our daily activities more or less we immediately buy BTC as a form of our savings for the future but when buying of course don't forget to also set aside as we did at the beginning and that is only for our emergency fund as we usually do when we get income from our place of work.