I think that some of the great reasons to try to buy bitcoin every week (rather than monthly) is to attempt to structure priority and routine into buying bitcoin, yet we are not striving for desperation, and even if we are trying to be as aggressive as we can in our bitcoin buying without over doing it, we still need to try to pace ourselves so that we are not getting emotional about bicoin and merely just trying to front load our bitcoin investment.
What you said is true. This aims to maintain stability in someone's routine of purchasing Bitcoin so that we always have the right method in doing so. Another reason is to avoid making fatal mistakes in prioritizing what we do such as weekly or monthly. Because many do not do it this way except for those who have prioritized buying to increase their Bitcoin amount because they realize that investing is a fundamental part of realizing their investment with the goal of starting with maximum results from the first time they do it until the end they must also try the same thing with the same method. So if they do it like the basics of course they will not be carried away by emotions in maximizing Bitcoin investment as part of the wrong priority.
We can invest into bitcoin weekly whether we get paid weekly, monthly daily or every two weeks, we can still figure out ways to pace ourselves to create a budget in which we are buying bitcoin every week.. and at the same time, potentially having some flexibility in which we may well have some weeks that we have more money available for bitcoin investing and other weeks that we might not have as much money available for bitcoin investing, yet perhaps we create a side budget in which we are investing a certain amount into bitcoin every week no matter what, even if we might also retain some flexibility, too.
Sometimes for those who have a stable income feel that it is not enough to invest even though they also have weekly monthly and even yearly hopes to have capital but they always feel that it is not enough maybe this is the need to have an alternative job to ease the activities of investing because with income from alternative jobs of course they will be easier in managing the cash flow of a person's finances for needs because basically having both incomes will be more effective in carrying out our desires both for needs and for investment activities that we have done by buying Bitcoin for long-term investment, so if the situation is like that in
my opinion the right step is to still have another job so that the income we have will be managed based on the needs of each activity.Of course, if a newbie bitcoin investor is finding himself struggling to be able to invest in bitcoin every week, then there may well be some needs to try to increase discretionary income... yet each person has to figure out his own balance, and even though I asserted that it is good to figure out ways to buy bitcoin every single week, guys might come to differing conclusions in regards to how much time, energy and value that they have available and how they want to spend it, and there could be several years of a learning process and back and forth in terms of adapting to changing circumstances, since it is one thing if we have a person who already is in his career (or his industry or his area of job interest) and figuring ways in which he might be trying to earn more money within his chosen career, versus someone who might still be real early in his attempts to live independently and/or maybe even attending college and/or trade schools in order to both figure out his career area and/or to attempting to build and/or refine job skills. There may be some young folks with a lot of optimism in regards to their future earning capabilities, and there may well be others who are struggling a lot to figure out how to both earn income and/or to try to improve their future earning possibilities.
The answer in increasing discretionary income might have a lot of uncertainties and also might have timelines, and surely there could be some folks who work several years in various kinds of work and expecting promotions (and wage increases), yet the promotions and wage increases might not end up coming, and so by then they might feel that it is more difficult to pursue different kinds of work.
Some guys might also get sucked into using their capital (including whatever bitcoin that they had built up) in order to try to leverage their own abilities to earn money from their labor - and some of those business ideas might be good ones and others might contribute towards overly depletion of bitcoin holdings and no abilities to get the size of the earlier bitcoin holdings back in the future.
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......I’ll stop with the flexibility point you made, this is also an essential factor that’s also often overlooked. Anyone who’s been in the bitcoin arena and is experienced would understand that life doesn’t just operate on a fixed number. Each week might have its own distinctive structure, you might have more disposable income in some weeks and less in other weeks. But when you have a base amount that you consistently decide to commit to regardless of how that week is structured helps develop that consistency. And then giving yourself the flexibility to increase your accumulation amount in weeks that has a much higher disposable income gives the investor more room to take advantage of their financial position without actually breaking their system.
Maybe a guy has a bitcoin buying system in which he tends to buy between $30 and $200 each week, with most of his weekly buys being around $90, and so he decides that no matter what he is going to buy $20 per week of bitcoin, and so he sets aside a separate fund that will help him to buy $20 per week of bitcoin no matter what - and maybe he tries to keep that fund with a balance of $300 so that he knows that he could buy for 15 weeks with that fund without having to recharge the fund, yet if he has money coming in he just sticks with his regular process of buying with his regular discretionary money, yet since i had placed buying at least $20 per week of bitcoin as a high priority, he has also created a system to back up the preference that he had created for himself. Whether he is going to be successful or not, when he puts systems in place to back up his preferences and he is acting upon his already existing stated preference by buying bitcoin every week no matter what, then his own actions is reinforcing his preference, even if he might also need to attempt to adapt to changing circumstance, including that there could be circumstances that end up happening, that end up contributing to his having to change his earlier stated preferences and the accompanying practices.
This is the problem people have. They will not not want to buy when the price is low but later want to buy when the price is high. The safest coin to buy right now is bitcoin. If you buy it, it is better not to be checking your wallet balance in dollars. Just leave the coin and be expecting bitcoin to get to $100000. Because the price is falling, some people will panic and sell just like what happened yesterday. Do not do that. Do not sell if you buy even now.
What you’re describing is one of the most common realities in markets—timing regret. It happens to almost everyone,
Here’s the honest take. Markets move based on cycles, liquidity, and sentiment—not your entry or exit. So buying before a dip or selling before a rally isn’t bad luck, it’s just the nature of volatility. There’s no universal answer—but smart investors don’t think in extremes.
Even though you are trying to negate trying to time investing, you still seem to be focusing on trading as if trading and investing were the same... since why are you even talking about buying and selling.. that is a distraction since investing should initially be focused on accumulating bitcoin and building up a bitcoin stash through buying only. Selling should not even be considered..
Also there is no need to give much weight to whether the holdings are in profits or in loss or are at break even numbers, even though surely there is nothing wrong with newbie investors into bitcoin keeping track of profits, losses and how much their average cost per BTC is, even if the main focus and the main ongoing practice should be ongoing, persistent, consistent, regular and perhaps even aggressive buying of bitcoin.
If you’re long-term bullish on Bitcoin, this is accumulation time, not guessing tops and bottoms. That’s where strategies like DCA (buying small amounts consistently) win.
My practical approach. Control emotions more than the market, buy consistently using discretionary income and the DCA method to accumulate and hold for the long term growth.
You are ultimately correct with the points that you seem to be wanting to make, even though your way of getting to your points started out as a wee bit confusing.
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You’re absolutely right—at the end of the day, it’s not just about how much money you have, but how well you manage what’s left after your basic needs are covered.
Someone earning less but being disciplined and intentional with their discretionary income can actually build more over time than someone earning more but spending carelessly. It really comes down to choices, consistency, and mindset. We’ve seen it happenpeople grow wealth slowly just by being smart with small amounts, while others lose big opportunities because they didn’t manage theirs well.
Surely guys have to work within the parameters that they have, and there may be instances in which they feel that they have increased their income and cut their expenses as much as they are ready, wiling and able to do.. so they are attempting to work as best within the parameters that they already have in front of themselves to try to improve their future life by figuring out ways to put as much as they are able to put into bitcoin without overdoing it and while attempting to maintain some balance within how much they are using their discretionary funds for savings (back up funds) and discretionary consumption. .. .along with their ongoing buying of bitcoin, perhaps on a weekly basis.
So, there also could be times where they consider that they are stuck in a bit of a rut in terms of their income and/or their expenses, but then their ongoing paying attention to their situation, they might be able to come up with some changes that they are ready, willing and able to make that will improve their discretionary income situation, whether or not they were able to increase their regular income.
Also maybe they have a working situation in which they tend to get two bonuses each year, and the bonus amounts have tended to add up to somewhere between $500 and $1,500 depending on how the evaluation period goes.. and so maybe historically, they had used the bonus money for discretionary consumption, yet since they had been so much practicing their ongoing bitcoin investing, they figure out some ways that they would cut the bonus amount in half, and ONLY use half of the bonus amount for discretionary consumption and put the other half into bitcoin... so there can be situations in which a person will change his buying of bitcoin practices merely based on his having had already put bitcoin buying systems in place and also that he had gotten more accustomed to ongoingly buying bitcoin and putting various extra money into bitcoin and attempting to be more efficient with his own cashflow management practices.
Your statement here is wrong, because trying to create an emergency funds first before starting your Bitcoin accumulation is going to slow your accumulation process, instead I would advice that you start accumulating right away, once your discretionary income is available, and while doing it, you can be keeping aside your emergency and reserve funds alongside your bitcoin investment, not by putting any of them on hold, because putting any of them on hold will be detrimental to the growth and sustainability of your Bitcoin investment.
That's rare so you're quite certain you're wrong about the person's statement. I also strongly support your revision of what someone said earlier about creating an emergency fund before starting to invest. This is because no one takes such a step. In fact when someone has already invested and is in the middle of their investment journey they can then use their emergency fund instead of creating an emergency fund first and then investing. This is what's confusing everyone in this Bitcoin forum.
You really sound lost, @alankasman.
There is no need to create an emergency funds and/or back up funds before getting started investing in bitcoin.
One thing that is needed to invest in bitcoin is discretionary funds, so if a person's income, expenses and/or cash reserves are not enough to determine that discretionary funds are available, then the person should not be trying to invest in bitcoin, since if he cannot assure that he has discretionary funds then he is likely to be using money that he needs for his expenses, which is trading/gambling rather than investing.
Another thing is that any funds put into bitcoin should be funds that are sufficiently extra that the person is able to lose... and many times we will think about an investment into bitcoin as 4-10 years or longer timeline, even though when a newbie first starts investing into bitcoin, he does not need to establish that he is ready, willing and/or able to invest into bitcoin for 4-10 years or longer, yet if he is not able to move into at least a 4 year timeline at a later point down the road, then he likely had been coming to bitcoin with a trading mindset rather than an investing mindset... and sure, guys can do whatever they like in regards to bitcoin (trade or invest), yet I personally don't recommend trying to trade bitcoin, since I consider it to be amongst the best (if not the best) of assets that is available to everyone and/or anyone as long as they have discretionary funds available... and at the same time, bitcoin has tended to be so volatile in short timelines, including 4 years or less so that there would be difficulties considering the buying approach to bitcoin as an investment rather than a trade if their is not some attempt to consider it as 4-10 years or longer... yet it still might take a bit of time for newbies to get to know bitcoin enough in order to get themselves comfortable with a 4-10 year or longer timeline for any of their bitcoin purchases.
Usually what people do is still invest first and the investment is not only with a large amount but even with the smallest amount of course regardless of doing it for new investments it can be done for emergency funds meaning that the results of what someone invests can only do or set aside a little for the emergency fund and not the other way around which is what someone said earlier so when I observed the question earlier I immediately became confused and it was also necessary to clarify it even though sometimes many parties have clarified it but I will also give a little description of what is actually about the term where the emergency fund was born based on the knowledge I have but the goal is to still understand each other so that we here are not wrong in conveying what sometimes the conveying we do can harm others instead of the benefits that we convey through this discussion forum.
You were confused and you still sound confused. You seem to be just throwing out a bunch random ideas, yet you don't seem to know what you are talking about, since you are not providing any context for what you are talking about.
If a person has discretionary funds coming in, then he can choose to 1) invest, 2) save (or create back up funds) and/or 3) to discretionarily consume...
And, we know that discretionary funds are only established once expenses are accounted for.
The person could take a snapshot at any particular time to figure out whether he has discretionary funds that he can invest into bitcoin, yet if the person has discretionary funds every week, then every week he can decide what to do with those discretionary funds within the above 3 categorical choices.
If at some point in time, recently, a bitcoin newbie realizes that he is interested in investing into bitcoin, then he can take a snapshot assessment in regards to his current financial status and the extent to which he has any money or if he has any back up funds, and then the extent to which he has future income that he expects to come in as well as assessing his expected expenses, and surely if someone has a pattern with income or expenses, then there could be some expectations regarding his income and/or expenses (and therefore discretionary funds) based upon the pattern, and some folks might hear about bitcoin and they already have a practice of keeping 2-6 weeks of back up funds to keep a cash cushion in case their income is not enough or their expenses are too much.
If someone hears about bitcoin and they have absolutely no back up funds and/or cash cushion, then there could be consideration about if the amount of discretionary funds are enough to buy some bitcoin and to get started, and surely with bitcoin, there is an ongoing expectation to protect the bitcoin, since it is likely that an investment timeline might be for 4-10 years or longer, so then if there is such an intention, then there may well be a need to build up back up funds in order to make sure that the bitcoin is protected in order to be able to stay invested into bitcoin and not to be forced to sell any or all of the bitcoin at a time that is not completely of the person's choosing.. to the extent that he committed to investing for 4-10 years or longer or not.
In any event, back up funds can be built up at the same time that a bitcoin investment is being built up, whether the person is starting with back up funds already in place or if there might be no back up funds in place, yet the main consideration would be the extent that discretionary funds are available, since discretionary funds are used to invest in bitcoin, build back up funds and engage in discretionary consumption.
In my opinion, it is better to create an emergency fund first. I have read some of your previous posts and I see that you are more interested in knowing. That is, if you are really investing in Bitcoin, if your income is good, then you can save Bitcoin little by little with an emergency fund (DCA) method. Why am I emphasizing on an emergency fund! If you save Bitcoin little by little, then in case of an emergency, you will try to sell Bitcoin even at a low price. So it is more important for you to have an emergency fund.
You are making things complicating here mate, you said a lot of things that isn't connecting. It's not a must that you should first set up an emergency funds before investing in Bitcoin, what matters most is your discretionary funds , once you are able to figured it out you're good to go. Maybe along the line of your investment journey you can put up your backup and emergency funds in place so that you can be able to fix real life problems when it surface without touching your investment holdings.
However, these are two different things that you need to understand better and fix them in their respective position without mixing them up.
You don't need to have a large amount of back up funds to get started investing in bitcoin, yet you better have some back up funds so that you are sure that you have enough funds available to cover all your expenses until your next pay check... so no one should be presuming that investing in bitcoin with all of their discretionary funds is a good idea, since there needs to be some back up funds in the event that income is not as much as expected and/or expenses are more than expected.
Some guys come to bitcoin and they expect that they need 3-6 months of back up funds already in place before they can start investing in bitcoin, which truly is not the case, but some back up funds are needed in order to make sure that any investment made into bitcoin are coming from discretionary funds and not coming from money that is needed to cover expenses.
