Buy Buy Buy or Sell Sell Sell?

[Joeboy]

It is brutal to say like this. Because investing in any place can differ from person to person. Investing is no small matter, especially investing in Bitcoin because it is a long-term investment, so if you want to invest, you should definitely invest considering your income because everyone's situation is never the same. However it is undoubtedly true that before investing in Bitcoin, it is necessary to calculate the income under consideration.

To invest special consideration should always be placed on the availability of your discretionary income rather than your actual income.... This is coz there is the possibility of earning an income either in a weekly or monthly basis but yet, still unable to have a discretionary income probably due to how low your income is or the number of expenses that folks engages in... Don't get me wrong one will still need to consider their income but then they should do so when seeking for how to sustain their investment...

So in simple terms when starting your focus should be on if you have your discretionary income to do so... And when you wanna sustain your continuous accumulation, folks will have to check if there is either a stored or a source of income which is able to generate a discretionary income for them. And if there isn't there a various ways of going about it, folks could either cut down any unnecessary expenses or they can as well try venturing into other jobs or business so as to increase the level of their income...

Bitcoin accumulation is a good practice for those that seeks stability financially as its a shortcut to success,

Are you sure you are really investing in Bitcoin or you are still wasting your time with shitcoin? I asked you that because Bitcoin has and is never a shortcut to success.. Sure folks are free to think whatever they wanna think about even those unrealistic stuffs.. But then they have to understand that getting actual wealth/success from Bitcoin takes a long period of time probably like 8years or more.. They have to accept this reality instead, instead of fiddling with the mentality of short term success...

[Sarah_Jannat42]

If you know how much you earn a week or a month there won't be any need to calculate your Income again because it is already known rather what someone should do is to check the essential or pressing needs and then also check how much will be leftover after these needs have been taken care of and that is the best way to start your planning, a wise person won't Wait till they are been paid before they start running up and down trying to find what they should handle as other unnecessary things can come up to distract someone so planning and budgeting things early is very good.

I am sorry that I cannot completely agree with you about not calculating income because those who have a fixed income but their expenses are not fixed. Because in terms of expenses, there are some regular expenses as well as some irregular expenses or unexpected expenses. When irregular and unexpected expenses come, stress is created and the result of that stress is often the wrong decision. And I agree with you about making a budget, because a budget plan should be prepared before starting work, as well as saving emergency money that will be able to deal with unexpected expenses and investing in Bitcoin will be much easier.

[Jostern]

Considering emergency fund and Bitcoin accumulation what should come first

Emergency fund lead to a financial stability while Bitcoin accumulation can result to long term wealth . It is important to  build a 3 to 6 month  emergency fund then accumulate bitcoin with a discretionary income. Because allow investor to avoid panic selling when there is a situation that requires urgent money.

I will like to hear how others balance opportunity versus security.

In my opinion, everyone has different opinions on this matter. Some people prepare an emergency fund before accumulating BTC or investing in BTC. Some buy BTC first and then invest in an emergency fund later. Some even accumulate btc and their emergency fund at the same time. So, I think any method is good, but the decision is ultimately up to each individual

But personally, I prefer accumulating BTC while accumulating an emergency fund. This makes investing more convenient because we can own BTC and also have an emergency fund. However, I think it's best to also accumulate a reserve fund and set it aside for buying BTC, especially when the price of btc drops This way, we can quickly acquire a lot of BTC by accumulating using the DCA technique, combined with other techniques

I absolutely understand how you’re reasoning and processing your thought, but you have to know that not everyone would have that much confidence or having that financial buoyancy of preparing an emergency fund before starting their investment, and I feel is also a bad and terrible idea, because the time you’re using to prepare and emergency funds you can start buying bitcoin from there immediately if you have some discretionary income, the goal is buying bitcoin and not keeping some backup funds when you don’t have a single Bitcoin, then you should be asking yourself what are you protecting or what are you backing up, because you might end up missing out on opportunities, instead of buying bitcoin.

However I’m going to suggest you start buying bitcoin immediately if you have discretionary income, and then you can start building your backup funds few months into your bitcoin investment, bitcoin is an investment and not a business entity where you have to prepare some backup money available before you start your business, bitcoin investment isn’t some rock and roll startup.

Personally buying bitcoin and still building your backup funds is the best thing to do instead of looking for different options of doing the right thing and you might end up making some mistakes while trying to look for other ways of starting a backup funds, instead of just using the common ways that we have been thought on this thread.

[Kuchuku]

Personally, I consider that it is not a good idea to sell any of your BTC until you reach over accumulation status... so then you can start to sustainably withdraw from it, yet surely there is no guarantee that bitcoin is going to continue to go up, so you have to figure out how much you are putting into bitcoin.

Basically, the most effective way to invest in Bitcoin is to continue buying and holding it for a long time. And you should invest according to the DCA method with your own extra money. This results in continuity of investment for a long time. It is very important to invest according to your ability when investing. Since Bitcoin is a long-term investment, it should be held for a period of time before selling it. And all of it should not be sold. And it should be invested through proper planning using discretionary income.

[Humblevirus]

In my opinion, everyone has different opinions on this matter. Some people prepare an emergency fund before accumulating BTC or investing in BTC. Some buy BTC first and then invest in an emergency fund later. Some even accumulate btc and their emergency fund at the same time. So, I think any method is good, but the decision is ultimately up to each individual[/b]

I did not agree with your point that someone can start building an emergency fund before investing in Bitcoin. First of all, what is the purpose of an emergency funds? Is it not for any problem that comes up along way when started investing in Bitcoin, so there will be money available to solve the problem without forcing the person to sell it Bitcoin along the way?If that is the purpose of having an emergency funds, I don’t think it is a good idea to start building an emergency fund before investing in Bitcoin. The best way is to start investing in Bitcoin before building an emergency fund or probably to build the emergency fund alongside starting a Bitcoin investment.It is very encouraging for people to start buying Bitcoin before building an emergency fund. In short, the money that would be used to build an emergency fund is better used to start investing in Bitcoin because time waits for nobody when it comes to Bitcoin investment.

[Arenga pinnata]

If you know how much you earn a week or a month there won't be any need to calculate your Income again because it is already known rather what someone should do is to check the essential or pressing needs and then also check how much will be leftover after these needs have been taken care of and that is the best way to start your planning, a wise person won't Wait till they are been paid before they start running up and down trying to find what they should handle as other unnecessary things can come up to distract someone so planning and budgeting things early is very good.

I am sorry that I cannot completely agree with you about not calculating income because those who have a fixed income but their expenses are not fixed. Because in terms of expenses, there are some regular expenses as well as some irregular expenses or unexpected expenses. When irregular and unexpected expenses come, stress is created and the result of that stress is often the wrong decision. And I agree with you about making a budget, because a budget plan should be prepared before starting work, as well as saving emergency money that will be able to deal with unexpected expenses and investing in Bitcoin will be much easier.

Well, basically, every month there are always expenses that are sometimes outside of what we planned. Or maybe it's usually included in unexpected costs. But this should have been taken into account. So I actually agree with both of you. Because basically what you said is all true.

However, what I need to clarify here is that in the process of creating a monthly budget or managing money each month, it is usually already included in setting aside money each month for emergency funds or unexpected expenses. So, I also have several budgets, such as for basic needs (primary needs), secondary needs (including some additional shopping budgets), a certain percentage for savings, a certain percentage for emergency funds, and if there is any leftover, then I put it into cold funds that I am ready to invest in bitcoin for the long term. Usually, it is no less than 3 to 5%.

Regarding emergency funds, we should continue to accumulate them every month or every time we receive our salary. This way, the emergency fund will reach the total amount of 12 months of our salary or one year. Because emergency funds are not only for when we are sick or something like that, but also to be prepared and survive when we are not earning for several months. Like during the pandemic. So, at least for 1 year, we are always prepared.

[PhilosopherKing]

Personally, I consider that it is not a good idea to sell any of your BTC until you reach over accumulation status... so then you can start to sustainably withdraw from it, yet surely there is no guarantee that bitcoin is going to continue to go up, so you have to figure out how much you are putting into bitcoin.

you are right about this. trading bitcoin for profits before reach over-accumulation status is very dumb and it can never be beneficial to those who thinks it is okay to fuck around with it.

It is better that people just use the method of ongoingly buying bitcoin for at least a cycle or even more. And the sustainable way to realize this is to DCa with discretionary income.

And since bitcoin is long term investment people should also make plans of creating emergency funds so they could use it for protect their investments from emergency.

[Cgrexp]

In my opinion, everyone has different opinions on this matter. Some people prepare an emergency fund before accumulating BTC or investing in BTC. Some buy BTC first and then invest in an emergency fund later. Some even accumulate btc and their emergency fund at the same time. So, I think any method is good, but the decision is ultimately up to each individual[/b]

I did not agree with your point that someone can start building an emergency fund before investing in Bitcoin. First of all, what is the purpose of an emergency funds? Is it not for any problem that comes up along way when started investing in Bitcoin, so there will be money available to solve the problem without forcing the person to sell it Bitcoin along the way?If that is the purpose of having an emergency funds, I don’t think it is a good idea to start building an emergency fund before investing in Bitcoin. The best way is to start investing in Bitcoin before building an emergency fund or probably to build the emergency fund alongside starting a Bitcoin investment.It is very encouraging for people to start buying Bitcoin before building an emergency fund. In short, the money that would be used to build an emergency fund is better used to start investing in Bitcoin because time waits for nobody when it comes to Bitcoin investment.

When someone starts investing in Bitcoin, having an emergency fund is not mandatory but not having a backup fund can be dangerous. Because one can miscalculate his expenses and cash flow, which can put him at unnecessary risk in investing. This is very important to keep Bitcoin safe for long-term investment. For example, If a person has $50, it would be foolish for him to invest the entire amount because he will have no money left over, so the money left after meeting basic and emergency expenses from his income is the discretionary fund. And if he uses the entire discretionary fund for investments, he may be in danger due to unexpected expenses. So it may be better to use half of the discretionary fund money for investments and save the rest as an emergency fund that will protect him until he gets his next paycheck. In this way, collecting Bitcoin regularly and maintaining a backup fund will create a safe and stable foundation for long-term investments.

[Brizi5000]

Personally, I consider that it is not a good idea to sell any of your BTC until you reach over accumulation status... so then you can start to sustainably withdraw from it, yet surely there is no guarantee that bitcoin is going to continue to go up, so you have to figure out how much you are putting into bitcoin.

I think the big difference between a long-term investor and a short-term speculator is patience and the right strategy. When should long-term investment be considered as a quick profit strategy? Rather, you should invest with your own extra money according to the DCA investment method. That is why you should invest with your own extra money because if you invest with extra money, the investment will never feel pressured to the investor, as a result of which they will be able to maintain their investment continuity for a long time and keep the investment. Many may not be familiar with the concept of "over accumulation", over accumulation is a stage of investment from which selling a small amount does not have a bad effect on the investment in the case of long-term holding. Determining the right amount of investment is always important because as you said, there is no guarantee that the investment will always grow. Investment should actually be done by thinking about your own things such as how much income you are getting and how much money is left. Whether you can form an emergency fund to support the investment, or whether your time frame is suitable for long-term investment.

Sure.  Overaccumulation might not be clear to some folks, and so once in a while, I will provide some example of what it might mean - and frequently I am referring to guys who would have goals to stay invested in bitcoin for life.. so then once they reach overaccumulation status, then they have the option to stop of slow down in their BTC accumulation, and they may or may not end up transitioning into sustainable withdrawal status - even though it is logical that some time could pass at each stage.  Accumulating, then maybe maintenance and then maybe later sustainable withdrawal.. which means always keeping bitcoin.. and starting to sell some bitcoin in which the value of the bitcoin is likely going up greater than the amount being sold.

Do we need an example?

So for example, a guy who had an income of $30k per year accumulated $100 per week of Bitcoin between January 2016 and present, and so he invested $53k and he accumulated 15.3 BTC.  His plan was to begin to withdraw from his bitcoin once it would be able to support an $80k per year income, and so when he looks up 15.3 BTC, he sees that right now, it would support right around $80k per year sustainable withdrawal... so he has enough and maybe even more than enough BTC to get started withdrawing at a reasonable rate in which he considers the stash will continue to grow (in dollar value) greater than the amount that he would bre withdrawing. Of course, if he were to have even more BTC than the 15.3, then he would have extra BTC to give him even more assurance about having enough or more than enough.. and surely since bitcoin prices are currently down, he may well purposefully choose to make downward adjustments in his withdrawal rate in order to make sure that the withdrawal rate that he is employing remains sustainable and that he is not overly withdrawing from his bitcoin stash.  Some guys will purposefully choose to either accumulate extra bitcoin or to wait a bit longer in time so that they have a cushion once they start their withdrawal and to feel comfortable that they are not withdrawing too much too soon..

I always use the Dollar Cost Average (DCA) method when buying especially for bitcoin and I don't think about selling it when it goes down but use the DCA method, that's the method for long-term investment and don't put your money in one coin or spend it all at once to buy coin.

We are ONLY talking about bitcoin in this thread.

What other coin were you thinking about buying?

I am a perfect example of those that never believed in bitcoin accumulation but experienced  drastic changes when I preferred investment over trading.  Although I won't channel blames on anyone because it was through trading i had about bitcoin but lost interest as it offered more lost than profit as experienced initially, not until I made bitcoin investment part of my culture then I realised its an investment worth venturing into. Bitcoin accumulation is a good practice for those that seeks stability financially as its a shortcut to success, I know because of the investment period one may think it will take time but no good thing comes easily. So adapting to investment accumulation process is a good process

if you are still seeing bitcoin investment as a short cut to success then i think you are still glued to your trading mentality because there is no shortcut to bitcoin investment. i am not saying that you cannot achieve success in bitcoin investment, But  also bear in mind that in as much as bitcoin have the potential of success, there's also a potential that you can fail woefully in your bitcoin investment especially if you dont invest with the right mindset. without the right approach and mindset you can never achieve the success you seek in bitcoin investment. if you are in for a short quick profit making mindset thinking that is the path to success then you are making a huge mistake because at the end it always end in a regret. success in bitcoin is no short cut, it requires consistency, patience, time, determination knowing fully well that it is a long term investment so you must be able to show consistency in accumulating bitcoin and hold for long term purpose without panicking to sell for a quick profit or when you notice a little downturn in the market price.

[Grease5000]

When buying DCA is important to know the strategy which is use to accumulate bitcoin and which is more suitable to your financial plans.

This method which includes the Dollar cost averaging (DVA) and Lump Sum. The dollar cost averaging DCA which enables one  to buy Bitcoin consistently at a schedule time. This can be every first day of the month or every first Monday of each month, it allows one to buy and accumulate bitcoin little by little and hold for a long term. While when using lump sum method not it give one the opportunity to buy Bitcoin in large bunk, this method usually suite people with large portfolio and who want to buy and accumulate a large portion of Bitcoin once rather than buy it in small portion as it is while using dollar cost averaging (DCA).

[Grace333]

Personally, I consider that it is not a good idea to sell any of your BTC until you reach over accumulation status... so then you can start to sustainably withdraw from it, yet surely there is no guarantee that bitcoin is going to continue to go up, so you have to figure out how much you are putting into bitcoin.

Basically, the most effective way to invest in Bitcoin is to continue buying and holding it for a long time. And you should invest according to the DCA method with your own extra money. This results in continuity of investment for a long time. It is very important to invest according to your ability when investing. Since Bitcoin is a long-term investment, it should be held for a period of time before selling it. And all of it should not be sold. And it should be invested through proper planning using discretionary income.

It's not compulsory that you must invest using the DCA strategy there are people who their source of income wouldn't let them DCA so they might prefer to hit the buy option whenever they have capital to invest. The most important thing is that you invest with which ever strategy you feel you're comfortable with and hold for long term without selling until your target has been achieved. But the reason we discuss about the DCA strategy more often is because it can be practiced by both the rich and the poor and it helps to give that sense of "I'm not doing too much" which in turn helps people to scale through those emotions that traders face that causes them to sell their bitcoin early and miss the big move.

[Frankolala]

However, what I need to clarify here is that in the process of creating a monthly budget or managing money each month, it is usually already included in setting aside money each month for emergency funds or unexpected expenses. So, I also have several budgets, such as for basic needs (primary needs), secondary needs (including some additional shopping budgets), a certain percentage for savings, a certain percentage for emergency funds, and if there is any leftover, then I put it into cold funds that I am ready to invest in bitcoin for the long term. Usually, it is no less than 3 to 5%.

It's from your leftover funds (discretionary income) that you should use to invest into bitcoin and also create your emergency funds. Don't you think that if you divide your money in those various parts that you mentioned, you might be left with very little or no leftover money which you will use to invest.

Your basic needs and monthly expenses should be your first priority, when you have taken care of that, your leftover money should be what you create out your emergency funds from. You are to put your bitcoin investment funds as the first priority from your discretionary income because your main focus is to accumulate as many bitcoin as you can can. Your emergency funds is your second priority.

 It's good that you share your discretionary income into three parts. One for bitcoin investment, the second part for your emergency funds and the last part for your discretionary consumption.

Regarding emergency funds, we should continue to accumulate them every month or every time we receive our salary. This way, the emergency fund will reach the total amount of 12 months of our salary or one year. Because emergency funds are not only for when we are sick or something like that, but also to be prepared and survive when we are not earning for several months. Like during the pandemic. So, at least for 1 year, we are always prepared.

Your emergency funds should be at least 3-6 months of your monthly expenses and not up to one year so that you don't hold too much of fiat in your possession since fiat loses its purchasing value overtime. Emergency may come or not but it's good to be prepared for it.

[NurseHub]

If you know how much you earn a week or a month there won't be any need to calculate your Income again because it is already known rather what someone should do is to check the essential or pressing needs and then also check how much will be leftover after these needs have been taken care of and that is the best way to start your planning, a wise person won't Wait till they are been paid before they start running up and down trying to find what they should handle as other unnecessary things can come up to distract someone so planning and budgeting things early is very good.

I am sorry that I cannot completely agree with you about not calculating income because those who have a fixed income but their expenses are not fixed. Because in terms of expenses, there are some regular expenses as well as some irregular expenses or unexpected expenses. When irregular and unexpected expenses come, stress is created and the result of that stress is often the wrong decision. And I agree with you about making a budget, because a budget plan should be prepared before starting work, as well as saving emergency money that will be able to deal with unexpected expenses and investing in Bitcoin will be much easier.

Why do you have to be sorry, the end conclusion is that emergency funds is all you need for such thing, no expense that will emerge that the emergency funds cannot resolve and if emergency funds cannot do the just that's where the reserve funds comes in that is why they say before you start investing you need to do the 9 personal assessment to know what you can do and what you can't do. if you just follow the personal assessment and then cope with emergency and reserve funds all investment will move smoothly.

[Onyeeze]

If you know how much you earn a week or a month there won't be any need to calculate your Income again because it is already known rather what someone should do is to check the essential or pressing needs and then also check how much will be leftover after these needs have been taken care of and that is the best way to start your planning, a wise person won't Wait till they are been paid before they start running up and down trying to find what they should handle as other unnecessary things can come up to distract someone so planning and budgeting things early is very good.

I am sorry that I cannot completely agree with you about not calculating income because those who have a fixed income but their expenses are not fixed. Because in terms of expenses, there are some regular expenses as well as some irregular expenses or unexpected expenses. When irregular and unexpected expenses come, stress is created and the result of that stress is often the wrong decision. And I agree with you about making a budget, because a budget plan should be prepared before starting work, as well as saving emergency money that will be able to deal with unexpected expenses and investing in Bitcoin will be much easier.

Why do you have to be sorry, the end conclusion is that emergency funds is all you need for such thing, no expense that will emerge that the emergency funds cannot resolve and if emergency funds cannot do the just that's where the reserve funds comes in that is why they say before you start investing you need to do the 9 personal assessment to know what you can do and what you can't do. if you just follow the personal assessment and then cope with emergency and reserve funds all investment will move smoothly.

what do you mean by emergency funds, I do see it as a reserve capital so during bitcoin investment when you are making use of your result capital I think that you will not regret in any investment that you are into, and they don't need to investigate it that much when investing in Bitcoin so I believe that bitcoin investment need or require a money that is called spares money so that when you invest on it it will not really affect you when the Investment went wrong, so that is why you see people using a money that will not affect them in anything they do but invest in Bitcoin knowing that the risky that is involved in Bitcoin is high and there is every possibility that bitcoin price can decrease beyond their expectation

[AuchanX]

In my opinion, everyone has different opinions on this matter. Some people prepare an emergency fund before accumulating BTC or investing in BTC. Some buy BTC first and then invest in an emergency fund later. Some even accumulate btc and their emergency fund at the same time. So, I think any method is good, but the decision is ultimately up to each individual[/b]

I did not agree with your point that someone can start building an emergency fund before investing in Bitcoin. First of all, what is the purpose of an emergency funds? Is it not for any problem that comes up along way when started investing in Bitcoin, so there will be money available to solve the problem without forcing the person to sell it Bitcoin along the way?If that is the purpose of having an emergency funds, I don’t think it is a good idea to start building an emergency fund before investing in Bitcoin. The best way is to start investing in Bitcoin before building an emergency fund or probably to build the emergency fund alongside starting a Bitcoin investment.It is very encouraging for people to start buying Bitcoin before building an emergency fund. In short, the money that would be used to build an emergency fund is better used to start investing in Bitcoin because time waits for nobody when it comes to Bitcoin investment.

When someone starts investing in Bitcoin, having an emergency fund is not mandatory but not having a backup fund can be dangerous. Because one can miscalculate his expenses and cash flow, which can put him at unnecessary risk in investing. This is very important to keep Bitcoin safe for long-term investment. For example, If a person has $50, it would be foolish for him to invest the entire amount because he will have no money left over, so the money left after meeting basic and emergency expenses from his income is the discretionary fund. And if he uses the entire discretionary fund for investments, he may be in danger due to unexpected expenses. So it may be better to use half of the discretionary fund money for investments and save the rest as an emergency fund that will protect him until he gets his next paycheck. In this way, collecting Bitcoin regularly and maintaining a backup fund will create a safe and stable foundation for long-term investments.

You are right. Many of us make a big mistake when we start investing in Bitcoin.We think that buying as much Bitcoin as possible will ensure future profits. But if we invest excessively without financial stability, even a small market decline can cause us stress and wrong Decisions..Many of us have a misconception that if we invest with half of our discretionary income, then my portfolio will not grow as expected. It is wrong to think like that. Because there is no need to be aggressive in investing in the beginning. We should start small and build an emergency fund and a reserve fund. After these are built, we will feel financially secure. By then, our investment ideas will have increased a bit. And then if we want, we can buy aggressively with the entire discretionary income. Because immediately we have an emergency fund and a reserve fund.

Bitcoin is a highly volatile asset. A 20%-30% drop is very common. If we don't have emergency funds in hand, we may have to sell Bitcoin at a loss due to sudden medical expenses, job loss, or any other emergency. This breaks the long term holding strategy.

[MissNonFall9]

When buying DCA is important to know the strategy which is use to accumulate bitcoin and which is more suitable to your financial plans.

This method which includes the Dollar cost averaging (DVA) and Lump Sum. The dollar cost averaging DCA which enables one  to buy Bitcoin consistently at a schedule time. This can be every first day of the month or every first Monday of each month, it allows one to buy and accumulate bitcoin little by little and hold for a long term. While when using lump sum method not it give one the opportunity to buy Bitcoin in large bunk, this method usually suite people with large portfolio and who want to buy and accumulate a large portion of Bitcoin once rather than buy it in small portion as it is while using dollar cost averaging (DCA).

It seems reasonable to me to do something strategically rather than emotionally, so investing in the DCA method is very reasonable in many ways. It may seem at times that I am not able to invest much this way, but it teaches us to maintain consistency. And consistency is one of the most important things to succeed in any work. On the other hand, when Bitcoin seems undervalued, as it seems to be right now, lump sum is logical at this time because history says that it is a good and analytical time to take risks. However lump sum is suitable for those who have high discretionary income.

[Futurexxx]

It seems reasonable to me to do something strategically rather than emotionally, so investing in the DCA method is very reasonable in many ways. It may seem at times that I am not able to invest much this way, but it teaches us to maintain consistency. And consistency is one of the most important things to succeed in any work. On the other hand, when Bitcoin seems undervalued, as it seems to be right now, lump sum is logical at this time because history says that it is a good and analytical time to take risks. However lump sum is suitable for those who have high discretionary income.

Well said bro, because I agree to everything you said here, though the dca accumulating strategy makes it very easy for anyone to invest in Bitcoin, because you may have to accumulate it either weekly or monthly consistently depending on the availability of your discretionary income, but if you have the capability to buy with lump sum strategy in this present time, it's a very good idea because since the price of Bitcoin is down now, it's like getting it at a discount price that may not come again.
So in essence of what am trying to say is that dca and lump sum accumulating strategy are both ok, as long as it's tailored around the availability of your discretionary income.

[cyberninja2]

Why do you have to be sorry, the end conclusion is that emergency funds is all you need for such thing, no expense that will emerge that the emergency funds cannot resolve and if emergency funds cannot do the just that's where the reserve funds comes in that is why they say before you start investing you need to do the 9 personal assessment to know what you can do and what you can't do. if you just follow the personal assessment and then cope with emergency and reserve funds all investment will move smoothly.

There's no need to express regret about this either. Our spending is certainly based on needs. What we need to maintain is stability. Our spending must match our income so we don't need to use the funds we saved for basic necessities.

In making investmentsg we do not need to use emergency funds because we do it with the results we get from our place of work so that we can only use the emergency funds when we want additional funds to make the investments we make so that what we do with Bitcoin investments is not hampered and runs as it should. Therefore, if there are funds that we can invest, of course the funds stored will be safe unless problems occur at the intersection of the smoothness of the investments we make.

[Saltysugar99]

I am sorry that I cannot completely agree with you about not calculating income because those who have a fixed income but their expenses are not fixed. Because in terms of expenses, there are some regular expenses as well as some irregular expenses or unexpected expenses. When irregular and unexpected expenses come, stress is created and the result of that stress is often the wrong decision. And I agree with you about making a budget, because a budget plan should be prepared before starting work, as well as saving emergency money that will be able to deal with unexpected expenses and investing in Bitcoin will be much easier.

Everyone has irregular or unexpected expenses. However, in the last year or 6 months, an average amount of regular or irregular expenses of a person can be found out by the person who is earning and spending. It is not that difficult. . Most people have regular expenses (rent, food, bills), and irregular or unexpected expenses (medical, family emergency, job or income shutdown). This is why backup funds are talked about. If there is no backup fund, even a small irregular economic problem creates a lot of mental stress, and wrong decisions come from that stress. Like selling BTC at a low price.

Here you can start investing by calculating another way, for example, after someone's income  until the next income comes, his discretionary income has been different amount at a time. It could be $ 100 $ 150 $ 250 $ 200 In such a situation, he averages his discretionary income (like $ 175) and from there he will invest some part regularly. Or you will do DCA depending on the discretionary income that remains after each expense. In the case of investing in Bitcoin, it is not the rule that you have to buy BTC with the same amount of money every time. You will do DCA as per your convenience so that there is no mental and financial pressure on you. If at some time your irregular expenses are high, then there is no problem if you cannot do DCA for once or twice. You have to be careful that you do not force sell Bitcoin in any way.

[Hardyrobust]

It seems reasonable to me to do something strategically rather than emotionally, so investing in the DCA method is very reasonable in many ways. It may seem at times that I am not able to invest much this way, but it teaches us to maintain consistency. And consistency is one of the most important things to succeed in any work. On the other hand, when Bitcoin seems undervalued, as it seems to be right now, lump sum is logical at this time because history says that it is a good and analytical time to take risks. However lump sum is suitable for those who have high discretionary income.

Well said bro, because I agree to everything you said here, though the dca accumulating strategy makes it very easy for anyone to invest in Bitcoin, because you may have to accumulate it either weekly or monthly consistently depending on the availability of your discretionary income, but if you have the capability to buy with lump sum strategy in this present time, it's a very good idea because since the price of Bitcoin is down now, it's like getting it at a discount price that may not come again.
So in essence of what am trying to say is that dca and lump sum accumulating strategy are both ok, as long as it's tailored around the availability of your discretionary income.

doing DCA doesn't prevent anyone from using the other strategies while still ongoing with DCA strategy. If there extra cash that is large enough to do lump sum, it won't be a bad idea to used to buy bitcoin. It is still possible to buy the dips while still ongoing with DCA strategy. There are people who has been setting outside some percentage of there discretionary income for buying the dip while using the remaining for DCA . Doing DCA strategy doesn't limit or stop investors from making use of the other strategies.