Buy Buy Buy or Sell Sell Sell?

[red4slash]

You can just say it's wrong to create an emergency fund when you haven't started accumulating Bitcoin, investors are of different level we have rich investors and also those who are not too rich that is still accumulating Bitcoin. If an investor has money and decided to set aside both discretionary income and emergency fund before getting started with their Bitcoin investment there is absolutely nothing wrong with that while those who can't also provide this can get started if they were able to rise a discretionary income and along there investment process they can also start making save for there emergency fund through their discretionary income.

There is a slight mistake here I think because in the end we can get both directly with the discretionary funds we have because in this case we can divide the discretionary funds into several things including funds for us to buy bitcoin while having an emergency fund.
We just need to have good management here so that we can run both without having to wait for one of them first.Fung

The emergency fund will be created when we have discretionary funds as well as for comfortable investing.
 We only need to divide the discretionary funds into several parts such as 40% emergency funds, 30 percent of the remaining reserve funds to buy bitcoin if indeed we want to have a large level of aggressiveness but if indeed we are not able to do that then you only need to do 15-20% of funds to buy bitcoin the rest you can use for emergency funds and reserve funds.

[MissNonFall9]

The Hallmark of when to invest should be compulsorily when there is a discretionary income, people shouldn't be wondering about whether to invest weekly or monthly, your cash flow and availability of the left over money should determine your buying operations, whether it is weekly or monthly one doesn't have to really worry about that since the most important is that you are buying Bitcoin and buying only whenever you have a discretionary funds after caring for your essentials living expenses.

Yes, I also say that, we just need to be aware of investing in Bitcoin, there is no need to worry about whether it is monthly or weekly. We should determine the investment time of the DCA method according to the time of receipt of money. I also think it is important for us to keep an eye on the continuity so that it is not disrupted, and we must do all the necessary strategies to maintain continuity.

[alankasman]

You're very correct but you make it look like it is optional to build the emergency funds when you have started investing in bitcoin especially when you have a low financial situation. No matter your level as a low income earner or high income earner. As far as you have started investing in bitcoin, you definitely need to start building up your emergency funds because you don't have to wait until there's an emergency situation before you start running about to get a way out.

Indeed consequently it must be like that and should not think about what if the investment made is in a difficult time but someone has started investing but sometimes time does not support due to market prices that may be at a decreasing number so that what becomes a person's mind/burden is confused is how to collect emergency funds simultaneously with investment while the price conditions in the market are experiencing a decrease but if you have done it simultaneously it is certainly better because you do not do the emergency fund collection in a way outside of investing because when you have done it simultaneously of course when the market price is in an increase the profits we get can actually be used for collection to be used as an emergency fund because that is indeed our goal of collection because basically we do it simultaneously and when there are results from what we invest of course the right step for someone to collect for the emergency fund and what is certain is doing it is not outside of investment but inside when making an investment.

[Tungbulu]

[edited out]

......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.

The person in this hypothetical scenario has done what several investors only claim to value but never really operationalizes. Turning a preference into a system, and instead of only relying on market conditions, mood and/or some spare dollars to engage in their weekly buys, not only creating a baseline commitment ($20/week) but also takes the step of building a kind of a buffer (the $300 fund) just to make sure that there isn’t going to any form of disruption in his commitment and thus maintains consistency for a few months. And I think this is the best thing any investor can do for himself, because maintaining consistency in an investment like Bitcoin goes beyond just timing the market and mostly about surviving your own inconsistency as an investor.

The buffer is still another thing that really comes very much in handy too and can be especially interesting too. I believe what amazing thing it does is separating intention from circumstance. So even if your income becomes inconsistent or maybe some unexpected changes occur in your expenses, to the point that you’re not sure of being able to meet up with the weekly buys, the system is still gonna be running uninterrupted for several more weeks without actually needing constant checks, to give you some time to recoup. This shift might seem like a subtle one but it’s a very powerful one. Because the investor moves from the “I’ll accumulate when I can” to “it’s a decision I’ve made, and I’ve made the necessary provisions and initiated a mechanism to make sure it happens”. Now that’s how you know one who’s intentional.

Although, if you also look at it from a slightly different angle, you’ll see that it kinda has a quiet trade off. While locking yourself into a fixed weekly purchases can potentially make you maintain consistency and discipline, this approach is also pretty much capable of making one rigid. Yes, because the market is ever changing, and so does personal finance most of the times, so sticking to such system could sometimes work against the investor. Although, the key remains whether the investor in question treats this system as merely a tool that’ll help them achieve a particular goal, or more of a rule that can’t be questioned or challenged.

From my perspective, the best parts that I really love about this system isn’t really the guaranteed amount ($20 in this case) but the layering, which I broke down into 3.
1. A minimum commitment (non negotiable habit)
2. A range that’s flexible ($30-$200 when possible) and lastly
3. A reserve buffer to make sure the system goes smoothly and uninterrupted for a while.

I love this combination because it creates both discipline and adaptability, which is often the major problem for many investors as they often fail to strike that balance between the two but mostly leans towards one side.

[Floczy]

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.

The idea of DCA is to build a position long term, you compound and accumulate without timing the market, and withdrawing your Bitcoin holdings as a leverage to earn better money in Oder to increase your discretionary income is basically interrupting the whole plan, and the thing is that what ever plan you have that gets one inspired to do such, is honestly not guaranteed,
You might loose the money, or you might achieve your goals, and basically I do feel that anything that does not guarantee for profits or increase of income, is not worth touching your holdings.

If one has emergency funds saved up he can use that, but if he doesn't, then hustling continues, even as it is hard to accept, you will have to pulse your investment, because you have less of a choice, look for other means to get better income, amd continue on your journey,
There has to be a way out there to increase your income, only if you search well, there are also opportunities in this forum as well,you just have to search.

[Agbamoni]

There is a slight mistake here I think because in the end we can get both directly with the discretionary funds we have because in this case we can divide the discretionary funds into several things including funds for us to buy bitcoin while having an emergency fund.
We just need to have good management here so that we can run both without having to wait for one of them first.Fung

The emergency fund will be created when we have discretionary funds as well as for comfortable investing.
We only need to divide the discretionary funds into several parts such as 40% emergency funds, 30 percent of the remaining reserve funds to buy bitcoin if ..

I dont agree with a lot of things you said. The mindset of dividing funds first, then investing whatever is left into Bitcoin, is a big issue. Your investment approach needs to be intentional towards your goal. Emergency funds and reserve funds are in fiat, so why leave 80% of your discretionary income in fiat and 10-20% in Bitcoin? I think that's a lot of money kept in fiat that decreases in value subsequently.

3 to 4 months is enough to build your emergency funds. Once it is set, you dont need to be putting up to 40% in emergency anymore. Deduct 20% and add it to your Bitcoin accumulation percentage. So that Bitcoin becomes the primary interest after emergency funds has been sorted out. Everything else becomes secondary after emergency funds and reserve funds have been sorted out. Mind you, reserve funds are option and diversification are option. It shouldnt remove your main focus on Bitcoin.

[Rockson1]

It is wrong to create an emergency fund when you have not yet started accumulating bitcoin. the essence of building an emergency fund is to protect your bitcoin investment from any unexpected live expenses so that you do not have to sell your bitcoin investment prematurely or loss. If you prioritize your emergency funds before your bitcoin investment it will delay you from starting your bitcoin investment.  your emergency funds should not come before your bitcoin investment instead your bitcoin investment should be built alongside your emergency fund using your discretionary income .

I bolded that part to correct something, sometimes we get confused while writing, it happens to me but man you are wrong here, if an intending investor can create his emergency funds before investing in Bitcoin that is fine I do not think there is any problem with that but what I'm against is someone making it look like it is something that is must for newbies to create their emergency funds before starting their Bitcoin investment when we know that one can equally decided to build his emergency funds along side with his Bitcoin acumulation as long as it is something he can do, emergency fund is very important as long as Bitcoin invest is concerned and whichever way anyone wants to build it as far as it does not have any effect on his Bitcoin acumulation I think there is nothing wrong with that, I understand your point but what if the person has thought of all what you said before considering his plan as the best, I'm an advocate of investors doing what works for them, is such idea so what will works for any intending investor, the person should go on with it.

[Gallar]

The Hallmark of when to invest should be compulsorily when there is a discretionary income, people shouldn't be wondering about whether to invest weekly or monthly, your cash flow and availability of the left over money should determine your buying operations, whether it is weekly or monthly one doesn't have to really worry about that since the most important is that you are buying Bitcoin and buying only whenever you have a discretionary funds after caring for your essentials living expenses.

Yes, I also say that, we just need to be aware of investing in Bitcoin, there is no need to worry about whether it is monthly or weekly. We should determine the investment time of the DCA method according to the time of receipt of money. I also think it is important for us to keep an eye on the continuity so that it is not disrupted, and we must do all the necessary strategies to maintain continuity.

Yes,, the point is, we don't need to be afraid to take the first step, because even if we make a mistake, we can easily reverse that first step. So,, the point is, when we want to invest in Bitcoin, we don't need to be confused or paranoid when starting. After all, it's just the beginning, and the beginning doesn't have to be perfect. So,, just take the first step and don't overthink it when we first start investing in Bitcoin. Remember, in Bitcoin investing, we're not striving for perfection; we want to protect our assets from inflation and perhaps increase their value. So, whether we invest once a week or whatever, we don't need to focus on that. What we need to focus on is our cash flow so we can have discretionary funds. So, beyond that, we don't need to be confused, especially if it's for beginners. For beginners, just buying Bitcoin is a good idea, so I think any strategy is fine for the first step.

[Hardyrobust]

~snip.

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.

I could hardly follow through coz of how you just mixed everything up...First off DCA isn't an emergency fund method, it is very well a method that folks can use in the accumulation of Bitcoin gradually without having to time the market...We all are humans with our own instincts and priorities like in your case whereby you are prioritizing emergency funds over your investment...But I still think there shouldn't always be a trade-off, and so instead of deliberating about which should come first (your emergency funds/or your investment), just do the both together i.e  accumulate Bitcoin and build your emergency funds along side it, that is a very reasonable approach...

I wonder were he got such information that emergency funds should be used for accumulating bitcoin or that emergency funds is a method of accumulating bitcoin.
Emergency funds shouldn't be the reason why anyone shouldn't start to invest in bitcoin and he didn't mention discretionionary income the most important thing before even talking about emergency funds .

[Emjay24]

basically I do feel that anything that does not guarantee for profits or increase of income, is not worth touching your holdings.

If one has emergency funds saved up he can use that, but if he doesn't, then hustling continues, even as it is hard to accept, you will have to pulse your investment, because you have less of a choice, look for other means to get better income, amd continue on your journey,
There has to be a way out there to increase your income, only if you search well, there are also opportunities in this forum as well,you just have to search.

You should not use your Emergency fund for any other activity that is not a real emergency, that is a very bad practice since it is the last lifeline prior to tapping into your portfolio in the face of an emergency, If your desire to leverage on another source of income suddenly outweighs your desire to continue accumulating bitcoin, then you should pause your bitcoin buys, continue holding it and use your discretionary income to fuel that investment channel until you're comfortable to continue your investment into bitcoin, tampering with your emergency fund would see your portfolio vulnerable and if an emergency ends up occurring, then you would use your bitcoin portfolio as your emergency fund which is very bad.

[GIF-JOBS]

The Hallmark of when to invest should be compulsorily when there is a discretionary income, people shouldn't be wondering about whether to invest weekly or monthly, your cash flow and availability of the left over money should determine your buying operations, whether it is weekly or monthly one doesn't have to really worry about that since the most important is that you are buying Bitcoin and buying only whenever you have a discretionary funds after caring for your essentials living expenses.

Yes, I also say that, we just need to be aware of investing in Bitcoin, there is no need to worry about whether it is monthly or weekly. We should determine the investment time of the DCA method according to the time of receipt of money. I also think it is important for us to keep an eye on the continuity so that it is not disrupted, and we must do all the necessary strategies to maintain continuity.

Discipline and consistency are more important than worrying too much about timing in Bitcoin investment, we need to maintain consistency in investment, and a long-term stable holding tendency. The biggest advantage of the DCA method is that it reduces the additional pressure of market fluctuations and helps to create a good position at an average price in the long term. But to get its full benefits, we must first ensure the continuity of investment. There is no specific time for investment, and you should not wait for a slightly lower price for investment, rather the most important thing is to invest regularly and not stop halfway. Those who cannot maintain consistency, they have not a high chance of success. But this is not a very complicated matter, if you understand it simply and take it simply, then it is very easy to maintain investment, but if you take it difficult on yourself, then it is very difficult for you.

[Umulala-alala]

~snip.

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.

I could hardly follow through coz of how you just mixed everything up...First off DCA isn't an emergency fund method, it is very well a method that folks can use in the accumulation of Bitcoin gradually without having to time the market...We all are humans with our own instincts and priorities like in your case whereby you are prioritizing emergency funds over your investment...But I still think there shouldn't always be a trade-off, and so instead of deliberating about which should come first (your emergency funds/or your investment), just do the both together i.e  accumulate Bitcoin and build your emergency funds along side it, that is a very reasonable approach...

I wonder were he got such information that emergency funds should be used for accumulating bitcoin or that emergency funds is a method of accumulating bitcoin.
Emergency funds shouldn't be the reason why anyone shouldn't start to invest in bitcoin and he didn't mention discretionionary income the most important thing before even talking about emergency funds .

Those are misleading information emergency fund is use to settle up emergency problem like instant burial, accident etc to avoid one selling off his bitcoin hodling to sort out these emergency issues when they occur. What is use to buy bitcoin is the discretionary income and also a reserve fund if it requires using it, using your emergency fund to buy bitcoin is like puting one investment or exposing it to danger our emergency fund is the outer layer that covers up our bitcoin investment.

[Bigjoe33]

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.

The idea of DCA is to build a position long term, you compound and accumulate without timing the market, and withdrawing your Bitcoin holdings as a leverage to earn better money in Oder to increase your discretionary income is basically interrupting the whole plan, and the thing is that what ever plan you have that gets one inspired to do such, is honestly not guaranteed,
You might loose the money, or you might achieve your goals, and basically I do feel that anything that does not guarantee for profits or increase of income, is not worth touching your holdings.

If one has emergency funds saved up he can use that, but if he doesn't, then hustling continues, even as it is hard to accept, you will have to pulse your investment, because you have less of a choice, look for other means to get better income, amd continue on your journey,
There has to be a way out there to increase your income, only if you search well, there are also opportunities in this forum as well,you just have to search.

Your emergency funds is meant to tackle emergency situations that will come along your investment period, thus helping you not to tap from your investment and/or reduce/slow down your investment portfolio. Your emergency funds is not what you will use to create money or get means of increasing your discretionary, nope.

If maybe you use your emergency funds to sought for other means of income or get means to increase your discretionary so that you can also increase your accumulation amount, and then an emergency situation comes, how then do you manage or handle the situation rather than tapping from your investment, and this reduces your portfolio and disrupts your long term investment plan as initially planned. However, we are expected to build our emergency funds and keep them in a ready and easily accessible form so that when emergency situations arises, we can easily acces it and settle the emergency so that we can keep on with our investment and not tap into it

[ASloveapg]

~snip.

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.

I could hardly follow through coz of how you just mixed everything up...First off DCA isn't an emergency fund method, it is very well a method that folks can use in the accumulation of Bitcoin gradually without having to time the market...We all are humans with our own instincts and priorities like in your case whereby you are prioritizing emergency funds over your investment...But I still think there shouldn't always be a trade-off, and so instead of deliberating about which should come first (your emergency funds/or your investment), just do the both together i.e  accumulate Bitcoin and build your emergency funds along side it, that is a very reasonable approach...

I wonder were he got such information that emergency funds should be used for accumulating bitcoin or that emergency funds is a method of accumulating bitcoin.
Emergency funds shouldn't be the reason why anyone shouldn't start to invest in bitcoin and he didn't mention discretionionary income the most important thing before even talking about emergency funds .

Those are misleading information emergency fund is use to settle up emergency problem like instant burial, accident etc to avoid one selling off his bitcoin hodling to sort out these emergency issues when they occur. What is use to buy bitcoin is the discretionary income and also a reserve fund if it requires using it, using your emergency fund to buy bitcoin is like puting one investment or exposing it to danger our emergency fund is the outer layer that covers up our bitcoin investment.

It is true that investments should be made with a discretionary income so that losing money does not disrupt normal life. Besides, we create an emergency fund mainly to deal with our bad times. However, if an emergency fund is not created in a bad situation or the fund money has already been invested, then a situation may arise where we are forced to sell. A reserve fund can be kept to buy in the fall so that it does not get mixed up with the emergency fund. However, I think there is a balance issue here because it may not be possible for every investor to keep a separate reserve fund, especially those who are mainly on a limited income. For such people, regular investment becomes most important. I think an emergency fund is a protective cover for investment. Therefore, every investor should not only think about profit but also focus on survival.

[Charcol]

basically I do feel that anything that does not guarantee for profits or increase of income, is not worth touching your holdings.

If one has emergency funds saved up he can use that, but if he doesn't, then hustling continues, even as it is hard to accept, you will have to pulse your investment, because you have less of a choice, look for other means to get better income, amd continue on your journey,
There has to be a way out there to increase your income, only if you search well, there are also opportunities in this forum as well,you just have to search.

You should not use your Emergency fund for any other activity that is not a real emergency, that is a very bad practice since it is the last lifeline prior to tapping into your portfolio in the face of an emergency, If your desire to leverage on another source of income suddenly outweighs your desire to continue accumulating bitcoin, then you should pause your bitcoin buys, continue holding it and use your discretionary income to fuel that investment channel until you're comfortable to continue your investment into bitcoin, tampering with your emergency fund would see your portfolio vulnerable and if an emergency ends up occurring, then you would use your bitcoin portfolio as your emergency fund which is very bad.

You are logically correct. Using the emergency fund for investment purposes can also lead to a situation where you have to sell your investments in an emergency. We always have to use discretionary funds to buy Bitcoin, and I will say this again and again. If there is a financial crisis that requires selling a part of the emergency fund or portfolio, then that should be the next step. During a financial crisis, the first thing we should do is not use the emergency fund or sell a part of the portfolio, but rather temporarily reduce the amount of investment. So that the financial situation can be somewhat stable. In the next step, if the financial crisis does not subside, you can temporarily stop investing completely for a few weeks or months. But there is no point in using the emergency fund or selling a part of the portfolio at the beginning. The next step can be to use the emergency fund. Because if you can stop investing during a financial crisis and reduce expenses and finally live using the emergency fund, then selling your investments is foolish. Because after passing these few steps, there is a high probability that your financial situation will return to its previous position.

[Pandorak]

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.

I could hardly follow through coz of how you just mixed everything up...First off DCA isn't an emergency fund method, it is very well a method that folks can use in the accumulation of Bitcoin gradually without having to time the market...We all are humans with our own instincts and priorities like in your case whereby you are prioritizing emergency funds over your investment...But I still think there shouldn't always be a trade-off, and so instead of deliberating about which should come first (your emergency funds/or your investment), just do the both together i.e  accumulate Bitcoin and build your emergency funds along side it, that is a very reasonable approach...

I wonder were he got such information that emergency funds should be used for accumulating bitcoin or that emergency funds is a method of accumulating bitcoin.
Emergency funds shouldn't be the reason why anyone shouldn't start to invest in bitcoin and he didn't mention discretionionary income the most important thing before even talking about emergency funds .

Yes, it’s definitely a mistake to treat an emergency fund as money that can be used to accumulate Bitcoin. An emergency fund should remain untouched because it’s meant to be used only in the event of an emergency, not for anything else, let alone purchasing volatile assets like Bitcoin.

However, on the other hand, i hope you’ll understand, buddy, this might happen due to a lack of understanding. Many beginners still confuse basic financial concepts, so it’s better to help correct the misunderstanding rather than immediately judge someone who’s still learning.

For @Soldroplet, you need to understand that investing does indeed require an emergency fund, this is done to keep your investments safe, so that when an emergency arises, you can use that fund to address the situation, rather than selling your Bitcoin. And if you’re just starting to invest, what you need is discretionary funds, the money left over after all your needs/obligations have been met, and make purchases when these funds are available.

[I_Anime]

basically I do feel that anything that does not guarantee for profits or increase of income, is not worth touching your holdings.

If one has emergency funds saved up he can use that, but if he doesn't, then hustling continues, even as it is hard to accept, you will have to pulse your investment, because you have less of a choice, look for other means to get better income, amd continue on your journey,
There has to be a way out there to increase your income, only if you search well, there are also opportunities in this forum as well,you just have to search.

You should not use your Emergency fund for any other activity that is not a real emergency, that is a very bad practice since it is the last lifeline prior to tapping into your portfolio in the face of an emergency, If your desire to leverage on another source of income suddenly outweighs your desire to continue accumulating bitcoin, then you should pause your bitcoin buys, continue holding it and use your discretionary income to fuel that investment channel until you're comfortable to continue your investment into bitcoin, tampering with your emergency fund would see your portfolio vulnerable and if an emergency ends up occurring, then you would use your bitcoin portfolio as your emergency fund which is very bad.

Investing in bitcoin does not mean you have to neglect other things that’s happening in your lives that is where planning comes in . First as an investor your main resources for accumulating is your discretionary income , gotten from your main earning after dealing or taken care of your essential expenses and also your emergency funds. Yes before you decide your discretionary income you first take care of your emergency funds first , because your discretionary income are like form of left overs , and that’s the amount meant for your investments not your emergency funds.

[Jewan420]

Investing in bitcoin does not mean you have to neglect other things that’s happening in your lives that is where planning comes in . First as an investor your main resources for accumulating is your discretionary income , gotten from your main earning after dealing or taken care of your essential expenses and also your emergency funds. Yes before you decide your discretionary income you first take care of your emergency funds first , because your discretionary income are like form of left overs , and that’s the amount meant for your investments not your emergency funds.

We may not need to make any changes other than cutting out unnecessary expenses for investment. It is not that you will change your eating habits and invest or reduce your standard of living, but rather you will have to provide prudent money for investment while maintaining your standard of living. Even investing while reducing your standard of living may backfire, we should not take any steps in investment that will make the investment risky later. If prudent money for investment while maintaining a normal standard of living is not available, then you should take your time to start investing and try to make prudent money, maybe it will increase your income.

[IceLincoln]

[edited out]

......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.

The person in this hypothetical scenario has done what several investors only claim to value but never really operationalizes. Turning a preference into a system, and instead of only relying on market conditions, mood and/or some spare dollars to engage in their weekly buys, not only creating a baseline commitment ($20/week) but also takes the step of building a kind of a buffer (the $300 fund) just to make sure that there isn’t going to any form of disruption in his commitment and thus maintains consistency for a few months. And I think this is the best thing any investor can do for himself, because maintaining consistency in an investment like Bitcoin goes beyond just timing the market and mostly about surviving your own inconsistency as an investor.

The buffer is still another thing that really comes very much in handy too and can be especially interesting too. I believe what amazing thing it does is separating intention from circumstance. So even if your income becomes inconsistent or maybe some unexpected changes occur in your expenses, to the point that you’re not sure of being able to meet up with the weekly buys, the system is still gonna be running uninterrupted for several more weeks without actually needing constant checks, to give you some time to recoup. This shift might seem like a subtle one but it’s a very powerful one. Because the investor moves from the “I’ll accumulate when I can” to “it’s a decision I’ve made, and I’ve made the necessary provisions and initiated a mechanism to make sure it happens”. Now that’s how you know one who’s intentional.

Although, if you also look at it from a slightly different angle, you’ll see that it kinda has a quiet trade off. While locking yourself into a fixed weekly purchases can potentially make you maintain consistency and discipline, this approach is also pretty much capable of making one rigid. Yes, because the market is ever changing, and so does personal finance most of the times, so sticking to such system could sometimes work against the investor. Although, the key remains whether the investor in question treats this system as merely a tool that’ll help them achieve a particular goal, or more of a rule that can’t be questioned or challenged.

From my perspective, the best parts that I really love about this system isn’t really the guaranteed amount ($20 in this case) but the layering, which I broke down into 3.
1. A minimum commitment (non negotiable habit)
2. A range that’s flexible ($30-$200 when possible) and lastly
3. A reserve buffer to make sure the system goes smoothly and uninterrupted for a while.

I love this combination because it creates both discipline and adaptability, which is often the major problem for many investors as they often fail to strike that balance between the two but mostly leans towards one side.

It’s a wonderful scenario you both have explained and this boils down to individual disciplines and interests. An investor has to first be very intentional about his business or investment to be able to cultivate the kind of discipline that will help him build a system that will help him be consistent and effective like you’ve narrated.
Having a baseline that you buy every week no matter what happens is a very good strategy when properly structured and executed because the investor ends up being consistent leaving no room for excuses and this helps his portfolio grow.

[Bigthraex]

The Hallmark of when to invest should be compulsorily when there is a discretionary income, people shouldn't be wondering about whether to invest weekly or monthly, your cash flow and availability of the left over money should determine your buying operations, whether it is weekly or monthly one doesn't have to really worry about that since the most important is that you are buying Bitcoin and buying only whenever you have a discretionary funds after caring for your essentials living expenses.

Yes, I also say that, we just need to be aware of investing in Bitcoin, there is no need to worry about whether it is monthly or weekly. We should determine the investment time of the DCA method according to the time of receipt of money. I also think it is important for us to keep an eye on the continuity so that it is not disrupted, and we must do all the necessary strategies to maintain continuity.

Yes,, the point is, we don't need to be afraid to take the first step, because even if we make a mistake, we can easily reverse that first step. So,, the point is, when we want to invest in Bitcoin, we don't need to be confused or paranoid when starting. After all, it's just the beginning, and the beginning doesn't have to be perfect. So,, just take the first step and don't overthink it when we first start investing in Bitcoin. Remember, in Bitcoin investing, we're not striving for perfection; we want to protect our assets from inflation and perhaps increase their value. So, whether we invest once a week or whatever, we don't need to focus on that. What we need to focus on is our cash flow so we can have discretionary funds. So, beyond that, we don't need to be confused, especially if it's for beginners. For beginners, just buying Bitcoin is a good idea, so I think any strategy is fine for the first step.

I agree that your cash flow should guide your Bitcoin investment. Buying only when you have extra money after covering your needs makes it easier and more sustainable, and there’s no need to worry too much about whether it’s weekly or monthly. The key is to start and stay consistent.
However, just buying is not enough. It’s important to have some level of awareness so you don’t invest at the wrong time or put in more than you can handle. A simple balance between consistency and basic market awareness makes a big difference in the long run.