Buy Buy Buy or Sell Sell Sell?

[PhilosopherKing]

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.

what the hell happened to having an emergency funds,, huh? Do you think people can just dump money into Bitcoin without creating a backup and think that nothing will happen. The whole essence of emergency funds is to handle unnecessary expenses that you may be faced while investing. Having an unstable income isn't the problem man, the problem is not creating backup funds. Investing without your emergency funds is pure gambling.

[Nightwatchmare]

I doubt that we need to invest into bitcoin based on fears that others are going to get ahead of us, but instead, bitcoin seems to be a great place to invest and store value - even though you are correct with your implication that we seem to be quite early to bitcoin, so part of the reason that bitcoin is likely to continue to go up quite a bit for us, rather than for people who enter later, is that there is an ongoing advantage in regard to getting started earlier rather than later...

and some advantage in regards to both identifying bitcoin as a good place to put time, energy and value and to also act upon our asymmetric knowledge since an overwhelming majority of normies (to the extent that they have even heard about bitcoin) either do not know what bitcoin is or they have incorrect ideas in regards to what bitcoin is so in that sense earlier investors are advantaged by their asymmetric knowledge.

Yes, it's undeniable that those who invest in Bitcoin early will clearly outperform those who invest later. However, I don't think this can be used as a definitive benchmark that those who invest in Bitcoin later will not succeed and progress. Because Bitcoin is an asset whose demand continues to grow, so even if we buy now, it's certainly not too late. Basically, if we regret why we didn't buy Bitcoin earlier, it will clearly yield no results.

So, instead of complaining, it's better to start while we have time to invest in Bitcoin. Because, basically, when we talk about delays in investing in Bitcoin, at this stage, I don't think there's such a thing as too late. After all, Bitcoin is only just over 16 years old. So, looking at it, it's clearly still early and hasn't entered its final phase. Bitcoin hasn't finished mining, and according to predictions, it's still a long way off, so why feel like it's too late to invest in Bitcoin?

This doesn't really call for any kind of contention and is not necessary making such comparison because those that invested can also profitable if they are able to hold for long term the most important thing is that one has been able to take part in the journey of accumulating Bitcoin consistently and persistently how those that came before you will outperforms those who invested later or not shouldn't be something worth worrying about and of course is not too or better still it is better to be late than never.

The statement is not necessary at all because it can make newbies believe that they have missed a good chance of investing in Bitcoin without them knowing that the best time to invest in Bitcoin is today and another best time to invest in Bitcoin is tomorrow. Gallar should understand that everybody cannot invest in Bitcoin at the same time, so the investors that invested in Bitcoin very early should not be seen as the ones that will profit from Bitcoin investment. We are still pretty early in Bitcoin investment, and since Bitcoin investment is like a burnt offering, we can still make a big profit from Bitcoin investment if we invest in Bitcoin and hold it for a very long time.

[Obulis]

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.

what the hell happened to having an emergency funds,, huh? Do you think people can just dump money into Bitcoin without creating a backup and think that nothing will happen. The whole essence of emergency funds is to handle unnecessary expenses that you may be faced while investing. Having an unstable income isn't the problem man, the problem is not creating backup funds. Investing without your emergency funds is pure gambling.

@nn@_pen9 is pointing at an investor with an unstable income and how their investment might be disturbed by pressure of lack of funds if emergency arises, okay, and Philosopherking just asked a very sensitive question about what happened to the investors emergency funds, that's also right. But a situation whereby the income source is unstable and investment is being made into Bitcoin, the tendency of lack of funds even emergency funds maybe there. However, these introduces the advantage of DCA strategy that can go on personal phase. With DCA strategy, there's the chances of seizing accumulation to handle probable emergency if to say there not enough emergency funds without even taking the pressure to already accumulated assets. After which, DCA strategy takes its hodl again even though gradually.

[Kelward]

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.

what the hell happened to having an emergency funds,, huh? Do you think people can just dump money into Bitcoin without creating a backup and think that nothing will happen. The whole essence of emergency funds is to handle unnecessary expenses that you may be faced while investing. Having an unstable income isn't the problem man, the problem is not creating backup funds. Investing without your emergency funds is pure gambling.

Both of you are saying the same thing being that without a functional discretionary funds you cannot sustain long term Bitcoin investment because you need money aside from what you require to survive to fund your discretionary funds. You're not in competition with anybody when it comes to Bitcoin investment, you have to decide how much is convenient for you to buy Bitcoin with. If your income cannot take care of your essential needs and have extra to fund your discretionary funds then first work on increasing your earnings or cutting down on your essential expenses before starting or continuing to buy Bitcoin. Any regular person on this thread should know this simple arithmetics.

[Gost ms]

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.

what the hell happened to having an emergency funds,, huh? Do you think people can just dump money into Bitcoin without creating a backup and think that nothing will happen. The whole essence of emergency funds is to handle unnecessary expenses that you may be faced while investing. Having an unstable income isn't the problem man, the problem is not creating backup funds. Investing without your emergency funds is pure gambling.

Both of you are saying the same thing being that without a functional discretionary funds you cannot sustain long term Bitcoin investment because you need money aside from what you require to survive to fund your discretionary funds. You're not in competition with anybody when it comes to Bitcoin investment, you have to decide how much is convenient for you to buy Bitcoin with. If your income cannot take care of your essential needs and have extra to fund your discretionary funds then first work on increasing your earnings or cutting down on your essential expenses before starting or continuing to buy Bitcoin. Any regular person on this thread should know this simple arithmetics.

A low-income person can find a source of discretionary income through proper financial management. There are many who cannot manage their finances properly due to which they cannot invest. So if a person has a source of income, then he must manage his finances properly. Reducing wasteful expenses is very important for a person and for a Bitcoin investor. For example, reducing excess expenses such as excessive smoking expenses, excessive drinking expenses, etc. is very important for a person.

Whether it is for investment or for a person's daily life, it is very important for every person to create an emergency fund. Because suppose you are the victim of a car accident and then if you do not have money, how will you get treatment. If something like this happens to you in the case of investment, then you can sell your holdings and get treatment. Emergency funds are created to deal with all these financial crises. If a person runs out of all his funds, then he can sell his holdings and get treatment

[Gallar]

I doubt that we need to invest into bitcoin based on fears that others are going to get ahead of us, but instead, bitcoin seems to be a great place to invest and store value - even though you are correct with your implication that we seem to be quite early to bitcoin, so part of the reason that bitcoin is likely to continue to go up quite a bit for us, rather than for people who enter later, is that there is an ongoing advantage in regard to getting started earlier rather than later...

and some advantage in regards to both identifying bitcoin as a good place to put time, energy and value and to also act upon our asymmetric knowledge since an overwhelming majority of normies (to the extent that they have even heard about bitcoin) either do not know what bitcoin is or they have incorrect ideas in regards to what bitcoin is so in that sense earlier investors are advantaged by their asymmetric knowledge.

Yes, it's undeniable that those who invest in Bitcoin early will clearly outperform those who invest later. However, I don't think this can be used as a definitive benchmark that those who invest in Bitcoin later will not succeed and progress. Because Bitcoin is an asset whose demand continues to grow, so even if we buy now, it's certainly not too late. Basically, if we regret why we didn't buy Bitcoin earlier, it will clearly yield no results.

So, instead of complaining, it's better to start while we have time to invest in Bitcoin. Because, basically, when we talk about delays in investing in Bitcoin, at this stage, I don't think there's such a thing as too late. After all, Bitcoin is only just over 16 years old. So, looking at it, it's clearly still early and hasn't entered its final phase. Bitcoin hasn't finished mining, and according to predictions, it's still a long way off, so why feel like it's too late to invest in Bitcoin?

This doesn't really call for any kind of contention and is not necessary making such comparison because those that invested can also profitable if they are able to hold for long term the most important thing is that one has been able to take part in the journey of accumulating Bitcoin consistently and persistently how those that came before you will outperforms those who invested later or not shouldn't be something worth worrying about and of course is not too or better still it is better to be late than never.

The statement is not necessary at all because it can make newbies believe that they have missed a good chance of investing in Bitcoin without them knowing that the best time to invest in Bitcoin is today and another best time to invest in Bitcoin is tomorrow. Gallar should understand that everybody cannot invest in Bitcoin at the same time, so the investors that invested in Bitcoin very early should not be seen as the ones that will profit from Bitcoin investment. We are still pretty early in Bitcoin investment, and since Bitcoin investment is like a burnt offering, we can still make a big profit from Bitcoin investment if we invest in Bitcoin and hold it for a very long time.

Actually, the point I made is not much different from what you said, my friend, because I also said that it's never too late to invest in bitcoin, and I also said that bitcoin is a very young investment asset. So if you understand it more deeply, what I said is the same as what you said. Because I also didn't say that bitcoin investors who start now won't make a big profit. But I only said that people who bought Bitcoin in its early stages would definitely have made a huge profit if they had held on to it until now. So that's why this has nothing to do with saying that Bitcoin investors who are just starting now don't have much hope of making a profit. So I hope you'll be more careful, my friend. But that's okay, because your assumption is also quite good.

[Witch hunting]

what the hell happened to having an emergency funds,, huh? Do you think people can just dump money into Bitcoin without creating a backup and think that nothing will happen. The whole essence of emergency funds is to handle unnecessary expenses that you may be faced while investing. Having an unstable income isn't the problem man, the problem is not creating backup funds. Investing without your emergency funds is pure gambling.

That's why people who jump in without an emergency fund are always the first to panic, especially if the market experiences a slight correction. They might follow the trend, create drama, then create a story, or even complain privately, blaming the market and Bitcoin, when the problem is actually a poor foundation from the start. But, In my opinion the most important thing is to not lose our common sense.

[Emjay24]

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.

what the hell happened to having an emergency funds,, huh? Do you think people can just dump money into Bitcoin without creating a backup and think that nothing will happen. The whole essence of emergency funds is to handle unnecessary expenses that you may be faced while investing. Having an unstable income isn't the problem man, the problem is not creating backup funds. Investing without your emergency funds is pure gambling.

Emergency funds are not used to handle unnecessary expenses, but unforeseen circumstances  that needs urgent attention and finances like accidents, health concerns, fire outbreak e.t.c, things that normally we do not plan for but have the likelihood of occurring and when they do must be attended to immediately without delay. If the expenses are unnecessary, then we do not even need to attend to them at all but can cut them off to have more discretionary income which we can apportion to our accumulation journey.

[Cossyblack]

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.

what the hell happened to having an emergency funds,, huh? Do you think people can just dump money into Bitcoin without creating a backup and think that nothing will happen. The whole essence of emergency funds is to handle unnecessary expenses that you may be faced while investing. Having an unstable income isn't the problem man, the problem is not creating backup funds. Investing without your emergency funds is pure gambling.

It's absolutely wrong and it isn't advisable o invest in bitcoin without Emergency fund. It isn't advisable to solely focus on accumulating bitcoin before building your emergency fund , instead you should be building your emergency fund alongside your bitcoin investment. The essence of building an Emergency fund alongside your investment is just incase of Emergencies as they do occur unexpectedly. For example, in case you lost your job and while searching for another job, your Emergency fund could be used to cover for your basic needs for 3-6 months until you get a new job. Sure, you wouldn't even bother to sell your bitcoin to cover for basic needs since they are met already.

[Hardyrobust]

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.

what the hell happened to having an emergency funds,, huh? Do you think people can just dump money into Bitcoin without creating a backup and think that nothing will happen. The whole essence of emergency funds is to handle unnecessary expenses that you may be faced while investing. Having an unstable income isn't the problem man, the problem is not creating backup funds. Investing without your emergency funds is pure gambling.

It's absolutely wrong and it isn't advisable o invest in bitcoin without Emergency fund....

Not having an emergency funds shouldn't stop anyone from investing in bitcoin because it is possible to be building emergency funds while still investing in bitcoin. The most important thing is having a discretionary income to start with. Some percentage of our discretionary income can be used for investing in bitcoin while the remaining percentage can be set aside as emergency funds. Not having an emergency funds already shouldn't stop us from starting our bitcoin investment.

[ZeroVinsonN]

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

I don't understand how you plan on putting your profit back into your investment with bitcoin unless you are planning on selling when you turn a profit and buying back when the price drop low enough, I'm hoping that this isn't your plan because I can even begin to start listing out how that's just the wrong thing to do but the most obvious ones are how that's clearly the mentality of a trader and not an investor and how waiting for DIPs is not a quality of an investor.
Bitcoin investment isn't a short term deal so any one who is investing in bitcoin should already know that they have to be in it for the long run, if you can't in any way bring yourself to invest in bitcoin for the long term benefits then you might as well not invest at all since short term profit making isn't very likely to happen.

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.

what the hell happened to having an emergency funds,, huh? Do you think people can just dump money into Bitcoin without creating a backup and think that nothing will happen. The whole essence of emergency funds is to handle unnecessary expenses that you may be faced while investing. Having an unstable income isn't the problem man, the problem is not creating backup funds. Investing without your emergency funds is pure gambling.

It's absolutely wrong and it isn't advisable o invest in bitcoin without Emergency fund. It isn't advisable to solely focus on accumulating bitcoin before building your emergency fund , instead you should be building your emergency fund alongside your bitcoin investment. The essence of building an Emergency fund alongside your investment is just incase of Emergencies as they do occur unexpectedly. For example, in case you lost your job and while searching for another job, your Emergency fund could be used to cover for your basic needs for 3-6 months until you get a new job. Sure, you wouldn't even bother to sell your bitcoin to cover for basic needs since they are met already.

Alot of people starting investing in bitcoin without already having an emergency fund and most of them are still investing till date, the deal with bitcoin investment isn't that you have to have an emergency fund before your investment, the very purpose of the emergency fund is to take care of unplanned situations that might come up securely your investment and preventing you from selling early. The reason why those investors who started investing in bitcoin without already having an emergency while still being successful investors is because even though they did not have an emergency fund in the beginning they were still able to save up for emergencies later on while still investing, your emergency fund is important but you should understand that you are not investing to safeguard your emergency fund, you have an emergency fund to safeguard your investment, what this means is that at the end of the day your investment takes priority.

[Showlove01]

what the hell happened to having an emergency funds,, huh? Do you think people can just dump money into Bitcoin without creating a backup and think that nothing will happen. The whole essence of emergency funds is to handle unnecessary expenses that you may be faced while investing. Having an unstable income isn't the problem man, the problem is not creating backup funds. Investing without your emergency funds is pure gambling.

That's why people who jump in without an emergency fund are always the first to panic, especially if the market experiences a slight correction. They might follow the trend, create drama, then create a story, or even complain privately, blaming the market and Bitcoin, when the problem is actually a poor foundation from the start. But, In my opinion the most important thing is to not lose our common sense.

That's not true, investing without emergency funds will never make an investor to panic because we don't actually need an emergency funds to invest in Bitcoin rather what we need to invest in Bitcoin is our discretionary income and an investor will surely panic when they invest with funds outside their discretionary because it is obvious the money can be for expenses so don't get it twisted, you can actually invest in Bitcoin without your emergency funds but it is very necessary to set it up before challenge arise.

[POPOLUV]

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.

I totally agree with you because Bitcoin doesn't give access to those with  secular job or to the rich men and women, when it comes to Bitcoin investments everyone is equal, so there what is expected of you as an investors is to have your discretionary income and once you have the discretionary income to invest with, because have a source of income is not enough to invest in Bitcoin and accumulate, so if any newbie that hasn't started investing just because he has not be opportune to for a steady income before investing, don't waste your precious time because you are good to go once the discretionary income is with you.

[CageMabok]

what the hell happened to having an emergency funds,, huh? Do you think people can just dump money into Bitcoin without creating a backup and think that nothing will happen. The whole essence of emergency funds is to handle unnecessary expenses that you may be faced while investing. Having an unstable income isn't the problem man, the problem is not creating backup funds. Investing without your emergency funds is pure gambling.

Perhaps some people still don't understand that an emergency fund is a crucial part of every investor's preparation, as it is part of the foundation for anyone who wants to invest long-term. Many investors are comfortable initially investing, but when a minor life event occurs, they are immediately overwhelmed with maintaining their investments, ultimately ending up abandoning them simply because they lacked adequate preparation for their emergency fund. That's why I fully support the idea of ​​an emergency fund for the smooth running of our own investments in the long term.

That's why people who jump in without an emergency fund are always the first to panic, especially if the market experiences a slight correction. They might follow the trend, create drama, then create a story, or even complain privately, blaming the market and Bitcoin, when the problem is actually a poor foundation from the start. But, In my opinion the most important thing is to not lose our common sense.

Those who don't panic will naturally think normally in any situation. People who are able to remain calm and unaffected by their surroundings are certainly those who have made sufficient preparations within themselves to be comfortable with managing their investments over the long term. Therefore, anyone can immediately judge that if an investor is more prone to panic when there are price changes in the market, it means that the investor is not prepared to face changing market conditions because they themselves haven't made preparations such as an emergency fund, and perhaps the funds they are using are not specifically allocated for investment.

[Crytohillss]

what the hell happened to having an emergency funds,, huh? Do you think people can just dump money into Bitcoin without creating a backup and think that nothing will happen. The whole essence of emergency funds is to handle unnecessary expenses that you may be faced while investing. Having an unstable income isn't the problem man, the problem is not creating backup funds. Investing without your emergency funds is pure gambling.

Perhaps some people still don't understand that an emergency fund is a crucial part of every investor's preparation, as it is part of the foundation for anyone who wants to invest long-term. Many investors are comfortable initially investing, but when a minor life event occurs, they are immediately overwhelmed with maintaining their investments, ultimately ending up abandoning them simply because they lacked adequate preparation for their emergency fund. That's why I fully support the idea of ​​an emergency fund for the smooth running of our own investments in the long term.

That's why people who jump in without an emergency fund are always the first to panic, especially if the market experiences a slight correction. They might follow the trend, create drama, then create a story, or even complain privately, blaming the market and Bitcoin, when the problem is actually a poor foundation from the start. But, In my opinion the most important thing is to not lose our common sense.

Those who don't panic will naturally think normally in any situation. People who are able to remain calm and unaffected by their surroundings are certainly those who have made sufficient preparations within themselves to be comfortable with managing their investments over the long term. Therefore, anyone can immediately judge that if an investor is more prone to panic when there are price changes in the market, it means that the investor is not prepared to face changing market conditions because they themselves haven't made preparations such as an emergency fund, and perhaps the funds they are using are not specifically allocated for investment.

You're right: panic isn't about the market it's about being ready When everyone has a clear plan, a proper allocation, and a safety net outside of their investments, market swings become something to manage instead of something to fear. Volatility tend to expose weaknesses in strategy, not problems with  the market itself. Staying calm is often a sign that you're really in it for the long term.

[JayJuanGee]

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

I don't understand how you plan on putting your profit back into your investment with bitcoin unless you are planning on selling when you turn a profit and buying back when the price drop low enough, I'm hoping that this isn't your plan because I can even begin to start listing out how that's just the wrong thing to do but the most obvious ones are how that's clearly the mentality of a trader and not an investor and how waiting for DIPs is not a quality of an investor.
Bitcoin investment isn't a short term deal so any one who is investing in bitcoin should already know that they have to be in it for the long run, if you can't in any way bring yourself to invest in bitcoin for the long term benefits then you might as well not invest at all since short term profit making isn't very likely to happen.

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.

what the hell happened to having an emergency funds,, huh? Do you think people can just dump money into Bitcoin without creating a backup and think that nothing will happen. The whole essence of emergency funds is to handle unnecessary expenses that you may be faced while investing. Having an unstable income isn't the problem man, the problem is not creating backup funds. Investing without your emergency funds is pure gambling.

It's absolutely wrong and it isn't advisable o invest in bitcoin without Emergency fund. It isn't advisable to solely focus on accumulating bitcoin before building your emergency fund , instead you should be building your emergency fund alongside your bitcoin investment. The essence of building an Emergency fund alongside your investment is just incase of Emergencies as they do occur unexpectedly. For example, in case you lost your job and while searching for another job, your Emergency fund could be used to cover for your basic needs for 3-6 months until you get a new job. Sure, you wouldn't even bother to sell your bitcoin to cover for basic needs since they are met already.

Alot of people starting investing in bitcoin without already having an emergency fund and most of them are still investing till date, the deal with bitcoin investment isn't that you have to have an emergency fund before your investment, the very purpose of the emergency fund is to take care of unplanned situations that might come up securely your investment and preventing you from selling early. The reason why those investors who started investing in bitcoin without already having an emergency while still being successful investors is because even though they did not have an emergency fund in the beginning they were still able to save up for emergencies later on while still investing, your emergency fund is important but you should understand that you are not investing to safeguard your emergency fund, you have an emergency fund to safeguard your investment, what this means is that at the end of the day your investment takes priority.

I agree that any person can start out investing into bitcoin with little to no back up funds and build up those back up funds as he builds up his bitcoin investment, yet when those back up funds are insufficient, there is a risk of having to tap into bitcoin at a time that is not choses, so if there are any short-falls or mistakes the investor is going to have to  suffer those consequences.. so there is a balance between building up the back up funds and getting those back up funds to a sufficient size and also the realization that if the back up funds are not sufficient for any kind of short-fall in cash, then the bitcoin would be the next thing to be tapped into, which should have a certain high level of priority to not tap into the bitcoin investment.

Imagine a person who has an income of $30k (which is $2,500 per month) and basic expenses that range between $1,500 to $2,000 per  month with an average around $1,800.  So the person did not have any back up funds when starting to in vest into bitcoin, and so every week had been investing $60 into bitcoin and $60 into back up funds.  After 1 year, there has been $3,120 invested into bitcoin and $3,120 put into the back up funds, so if the back up funds had never had to be tapped into then the back up funds would constitute less than 2 months of expenses, which is still not an adequate size back up fund, even though the person surely could measure the stability of his income and his expenses to try to determine if he is stressed during that time or if there might be anything that he might adjust... and yeah, I don't disagree with putting a certain priority on the investment rather than the back up funds, even though surely there is a risk that the investment may well be serving as part of the emergency and back up funds, which could cause issues in the future... and yes, even with decently good cashflow and fairly steady expenses, there still can be challenges to build up both bitcoin investment and back up funds, and surely there are frequently tempting things that come up in life and even something like wanting a new phone could tap into a lot of resources depending on how luxurious the phone.. and people sometimes like to buy expensive things when there might be ways to save money... but at the same time, some things might pay for themselves, too.

what the hell happened to having an emergency funds,, huh? Do you think people can just dump money into Bitcoin without creating a backup and think that nothing will happen. The whole essence of emergency funds is to handle unnecessary expenses that you may be faced while investing. Having an unstable income isn't the problem man, the problem is not creating backup funds. Investing without your emergency funds is pure gambling.

That's why people who jump in without an emergency fund are always the first to panic, especially if the market experiences a slight correction. They might follow the trend, create drama, then create a story, or even complain privately, blaming the market and Bitcoin, when the problem is actually a poor foundation from the start. But, In my opinion the most important thing is to not lose our common sense.

That's not true, investing without emergency funds will never make an investor to panic because we don't actually need an emergency funds to invest in Bitcoin rather what we need to invest in Bitcoin is our discretionary income and an investor will surely panic when they invest with funds outside their discretionary because it is obvious the money can be for expenses so don't get it twisted, you can actually invest in Bitcoin without your emergency funds but it is very necessary to set it up before challenge arise.

You have to have some emergency funds (or some back up funds) Showlove01, otherwise you cannot be sure that you are not investing beyond your discretionary funds... since if you might be paid every week  or every two weeks or every month, if you invest with all of your discretionary income and then you have no money left, then you cannot be sure that more expenses will not come up between the time you spent all of your money and the time that the next paycheck arrives. 

If you have no back up funds, then the ONLY thing that you have is your bitcoin investment, which you should be creating a barrier between your regular expenses and your bitcoin investment so that you do not have to tap into your bitcoin at a time that is not of your own choosing.

Sure in the beginning your back up funds might be small, yet the longer that you are investing into bitcoin, the more and more you should be building up your back up funds to protect your bitcoin investment with more and more serious. 

I personally think that it should be a high priority for anyone investing into bitcoin to be sure to build a barrier between his expenses and his bitcoin investment, and even if a guy is not able to commit in the beginning to investing into bitcoin for 4-10 years or more, he may well need to come to realize that bitcoin is a long term investment that needs to be protected, and the only reason to plan to have a bitcoin investment that is less than 10 years would be based on age and/or health considerations.

Of course another reason to tap into a bitcoin investment in less than 10 years would either be because mistakes were made or because of an emergency in which back up funds were not sufficient to cover the expenses of the emergency.

[ejikeme24]

That's not true, investing without emergency funds will never make an investor to panic because we don't actually need an emergency funds to invest in Bitcoin rather what we need to invest in Bitcoin is our discretionary income and an investor will surely panic when they invest with funds outside their discretionary because it is obvious the money can be for expenses so don't get it twisted, you can actually invest in Bitcoin without your emergency funds but it is very necessary to set it up before challenge arise.

I completely disagree with you for saying that we don't actually need emergency funds to invest in Bitcoin, you seems to have forgotten the role of emergency funds in our Bitcoin investment. However, emergency funds is required for you to invest in Bitcoin even though some investors might decide to build their emergency funds from the 3rd week or one month of accumulating Bitcoin. But it is something every investors can not do without, because it  is your emergency funds that would help you scale through your accumulation journey without facing any challenge, without having emergency funds You're likely to end your accumulation journey halfway.

[ZeroVinsonN]

I agree that any person can start out investing into bitcoin with little to no back up funds and build up those back up funds as he builds up his bitcoin investment, yet when those back up funds are insufficient, there is a risk of having to tap into bitcoin at a time that is not choses, so if there are any short-falls or mistakes the investor is going to have to  suffer those consequences.. so there is a balance between building up the back up funds and getting those back up funds to a sufficient size and also the realization that if the back up funds are not sufficient for any kind of short-fall in cash, then the bitcoin would be the next thing to be tapped into, which should have a certain high level of priority to not tap into the bitcoin investment.

Imagine a person who has an income of $30k (which is $2,500 per month) and basic expenses that range between $1,500 to $2,000 per  month with an average around $1,800.  So the person did not have any back up funds when starting to in vest into bitcoin, and so every week had been investing $60 into bitcoin and $60 into back up funds.  After 1 year, there has been $3,120 invested into bitcoin and $3,120 put into the back up funds, so if the back up funds had never had to be tapped into then the back up funds would constitute less than 2 months of expenses, which is still not an adequate size back up fund, even though the person surely could measure the stability of his income and his expenses to try to determine if he is stressed during that time or if there might be anything that he might adjust... and yeah, I don't disagree with putting a certain priority on the investment rather than the back up funds, even though surely there is a risk that the investment may well be serving as part of the emergency and back up funds, which could cause issues in the future... and yes, even with decently good cashflow and fairly steady expenses, there still can be challenges to build up both bitcoin investment and back up funds, and surely there are frequently tempting things that come up in life and even something like wanting a new phone could tap into a lot of resources depending on how luxurious the phone.. and people sometimes like to buy expensive things when there might be ways to save money... but at the same time, some things might pay for themselves, too.

Then the plan should be to make sure that the emergency funds don't come up insufficient and I understand that this is easier said than done but if the person was already saving up for emergency before the thought of investing in bitcoin came to them or if they started saving right around the same time they started investing in bitcoin then eventually they could/will get to around 3 months worth of expenses saved up for emergency but with a bit of extra work someone who started saving for emergency later can still hit the same mark, it might take longer but they will get there eventually provided that they are consistent and dedicated to getting their emergency fund available and investing in bitcoin too.
Even they guy investment and saving $60 each every week can achieve the same result in half the time if they doubled their amount and in a year they could have gotten upto 3 months worth saved up and doubled their initial invested amount too, at the end of the day it's still a matter of whether or not they are willing to go that far to secure their investment and more often than not people are actually willing to go this extra mile, some people at least.
I think an investor just needs to be able to find the balance between they two really, bitcoin investment is important but to ensure that the investment isn't hindered in anyway an emergency fund is also essential and not just for bitcoin since emergencies can happen to anyone at anytime without warning and without proper preparation it can wreck a person and could even lead to them losing their investment too.
This is just my opinion including the hypotheticals too.

[barisbilgili]

That's not true, investing without emergency funds will never make an investor to panic because we don't actually need an emergency funds to invest in Bitcoin rather what we need to invest in Bitcoin is our discretionary income and an investor will surely panic when they invest with funds outside their discretionary because it is obvious the money can be for expenses so don't get it twisted, you can actually invest in Bitcoin without your emergency funds but it is very necessary to set it up before challenge arise.

I completely disagree with you for saying that we don't actually need emergency funds to invest in Bitcoin, you seems to have forgotten the role of emergency funds in our Bitcoin investment. However, emergency funds is required for you to invest in Bitcoin even though some investors might decide to build their emergency funds from the 3rd week or one month of accumulating Bitcoin. But it is something every investors can not do without, because it  is your emergency funds that would help you scale through your accumulation journey without facing any challenge, without having emergency funds You're likely to end your accumulation journey halfway.

This is likely the case, but we also shouldn’t overdo it by treating this emergency fund as something to be feared. I think this emergency fund is only important in a small portion to cover essential or urgent matters so that we don’t disrupt or ruin our investments just because of urgent financial needs.

I think for people with a monthly salary, it’s also not a problem if they don’t have an emergency fund, although I don’t deny that an emergency fund is important. But don’t use that as an excuse not to invest.

[Mr_Brilliant$]

That's not true, investing without emergency funds will never make an investor to panic because we don't actually need an emergency funds to invest in Bitcoin rather what we need to invest in Bitcoin is our discretionary income and an investor will surely panic when they invest with funds outside their discretionary because it is obvious the money can be for expenses so don't get it twisted, you can actually invest in Bitcoin without your emergency funds but it is very necessary to set it up before challenge arise.

I completely disagree with you for saying that we don't actually need emergency funds to invest in Bitcoin, you seems to have forgotten the role of emergency funds in our Bitcoin investment. However, emergency funds is required for you to invest in Bitcoin even though some investors might decide to build their emergency funds from the 3rd week or one month of accumulating Bitcoin. But it is something every investors can not do without, because it  is your emergency funds that would help you scale through your accumulation journey without facing any challenge, without having emergency funds You're likely to end your accumulation journey halfway.

This is likely the case, but we also shouldn’t overdo it by treating this emergency fund as something to be feared. I think this emergency fund is only important in a small portion to cover essential or urgent matters so that we don’t disrupt or ruin our investments just because of urgent financial needs.

I think for people with a monthly salary, it’s also not a problem if they don’t have an emergency fund, although I don’t deny that an emergency fund is important. But don’t use that as an excuse not to invest.

Bruh, I agree with you on the part where you said people should not use emergency funds as an excuse not to invest….  That side makes sense and I fully support it…

But I do not agree with the idea that emergency funds are not that important.. Even people that receive salary every month still need it.  Being paid monthly does not mean emergencies would not come up…

And beyond Bitcoin or investing in general, anyone that understands basic financial management knows that having an emergency fund is important...   It helps you handle unexpected situations without panicking or touching your investments when you should not…