Does the DCA strategy inspire newbies to invest?

[yudi09]

This is what real gambling with your Bitcoin investment is, because selling prematurely and hoping to buy back when the value of Bitcoin has gone down, which we all don't know when it may happen is just another way to say that, I just want to sell and try my luck if the market might dip again, so that I will buy again. And that is no longer an investment, but it's more of trading or  gambling because he or she is trying to outsmart the market that is near impossible, hoping for a quick profit that wouldn't have any significant effect on his finances, so it's a wrong way for any Bitcoin investor to follow, since his ideas is just too myopic.

This method is up to each individual in determining the direction of the investment we make because if it is wrong in placement of course many people experience or do it in the direction you said namely gambling because in fact someone in making an investment is someone who is able to restrain themselves from doing things that are not beneficial for the future because if we are able to protect Bitcoin investment of course this will be an asset for someone's future especially making long-term Bitcoin investments that make the price we cannot predict how much will happen in the future because we invest in this way or method expecting profits to be used in a direction that can be useful not to direct it towards satisfying the desire to gamble by using the profits from the investment we made so this is quite the wrong way to place it in the direction of things that are not beneficial the results of the profits to indulge in desires in terms of gambling.

[ultrloa]

Because inasmuch as you sell your Bitcoin and still have the intention of buying it back when you have enough money, its definitely not a bad idea.

Do you know how dumb it sound to invest without backup money and sell your stash because the person didn't plan to make create backup money. Price wait for no one, prices go down the way it want and can go up again,  when person sell so he will buy later he has two choices, to buy back in a high price or to stay out of the market because the price has gone up, either way the person loose.

So prepare and create backup fund, don't let the market catch you unprepared.

People can start investing even without setting up their backup funds yet, we shouldn't delay our investment because we want to set this things up, that said we should also make sure that while we are accumulating bitcoin we are also building these backup funds up and we as doing all of this with our discretionary income, we should watch out to not go beyond our discretionary income because we want to accumulate more, that's usually what leads to having to sell too early because when you've bought outside of your discretionary income you will still need to find a way to pay for what the money was initially intended for which will lead to selling your stash, it's better to just stick to your discretionary income and avoid situations like this, set up your emergency fund alongside your investment all from your discretionary income.

They can start having discretionary income at first and maybe try to pay attention for setting up their emergency or back up funds later on. But people should always think that its crucial to have emergency fund since they can use it on emergency situations.

If they exceed above on their limits or discretionary funds use there's some chance that they might going to sell their Bitcoin, if there's immediate needs come up. So best action to do is while they are consistently investing, they also set aside maybe some small funds for emergency funds so they don't need to touch their investment funds when there's sudden expenses comes.

[Emjay24]

The funds that are left after meeting your needs from the money you earn are your discretionary income. Instead of buying Bitcoin with the entire amount of that discretionary income, keep 60% for Bitcoin accumulation, 30% for an emergency fund, and the remaining 10% for your extra expenses. An emergency fund allocation will not always be necessary because once a certain amount of emergency fund is accumulated, you can keep the allocated 30% as a reserve fund and sometime aggressively buy Bitcoin.

In order to get rich in the short term, some investors advise keeping a certain amount of funds from the earned funds for investments and spending the remaining amount on the family. I think this is the wrong investment strategy because this strategy will increase stinginess and will be equivalent to living a poor life. Use a part of your discretionary income for accumulating Bitcoin and start with a long term investment target such as 4-10 years or more.

When an investor comes into bitcoin without having backup funds, he need to give a good priority to building it up because his portfolio is not yet safe until it is built up and I would like to recommend an equal priority with your investment amount, it is in a better place if you split your discretionary income into three parts, one for investing, the second for savings(which includes building out backup funds) and the last for discretionary consumption. Even if you want to give a lower priority, then it should be to your discretionary consumption, maybe you may decide to do a 40:40:20. When you've built out your emergency fund to be at least 3 months worth of your expenses, then you can use the money previously allocated to building backup funds to increase your aggressiveness into buying bitcoin until you use the emergency fund and there is need to build it back again.

[Ashawowo(OS)]

The breakdown of your income must have three parts i.e. funds for daily living, emergency funds and discretionary income for buying Bitcoins.

Emergency fund is built from your discretionary income, your discretionary income is not only for buying bitcoin, you build backup funds from it which includes emergency fund and also set aside some funds for your discretionary consumption.

The breakdown of your income should be into two parts, your expenses and your discretionary income. Discretionary income should be what remains after you are done removing your expenses from your income. Your discretionary income is to be split into 3 parts which includes, investment fund(used to buy bitcoin), savings(here is where your emergency fund identifies) and your discretionary consumption.

[(Hummus)]

Actually, you should buy what you really need, but if you don't need it, then don't buy it. A few days ago I bought a phone. I really needed the phone, so I sold my saved Bitcoin and bought a mobile phone, but it wasn't very expensive, only $215, I couldn't move forward without the phone. I had to stop all my work, and so I was forced to sell Bitcoin to meet my needs. That's why I want to say that when you really need something, you should buy it, but I won't say anything without reason because investing in Bitcoin without buying anything unnecessary will definitely be profitable.

investing in bitcoin doesn't stop you from attending to your basic needs since you only need discretionary income to invest. Your Bitcoin investment is far more valuable than any mobile phone so selling it just to acquire a mobile is wrong. Instead of selling your bitcoin stash you should have seek another alternatives such as using your reserve fund to acquire it. Tampering with your bitcoin investment should have been your last alternative instead of your first if other alternatives failed. For me, acquiring a phone worth $215 is expensive It is better to purchase a cheaper phone and use the remaining balance to invest in bitcoin.

Best to think about as Bitcoin as long term store value, then not something to accumulate without taking any precautions. If they can decide not to sell their Bitcoin and use only their discretionary income to buy their phone for important matters then its fine, but if they don't have any choice and only have their Bitcoins. Maybe he don't have a choice but to sell it, but make sure that he didn't sold all he have because his past action is so pointless.

But they better learn from this experience then correct this situation, so that by next time they need something they can somehow assure that their Bitcoin holding is fine and they are using their reserve funds or even their emergency funds if they manage to have that.

One important thing i took note of from this is to avoid selling coins for survival, you cannot really be a successful Bitcoin investor if you spend from your investment without having an emergency funds as a support system, this is the only way to invest for a long term. in some cases having an emergency fund is not the only solution to this, some sell their coins because they lack financial discipline and they are impatient. In the aspect of financial discipline and how it relates to this is, they might set out an emergency fund but end up mismanaging it and the only thing they can of is selling their coins because they blew all they had carelessly. Holding Bitcoin is a process to financial freedom that shouldn't be disrupted.

[devouring-DARKNESS]

If a brand new investor doesn't have any form of backup funds before he got interested in bitcoin investment, he can start buying right away if he has his discretionary income because that's the most important thing since you can build your emergency funds simultaneously with your bitcoin investment till it reaches three months of your monthly expenses.
If you want to wait till you build your emergency funds before starting your Bitcoin investment, it will deprive you from getting started and that will make you lose a lot of opportunities in the market that you should have used to buy and grow your bitcoin portfolio to a certain size. The reason is because, it can take more than one year to set up an emergency funds of three months of your monthly expenses.
There is no need building an emergency funds when you don't have a bitcoin investment to back up. Also keeping too much fiat in your possession isn't a good idea because fiat depreciates overtime. This is why you need to get started immediately your discretionary income is available because bitcoin is a good asset to accumulate early when you have the opportunity to do so. Bitcoin is the opposite to fiat because it's a store of value overtime.

This means they should just keep going without thinking about the backup fund first. As I understand what you mean the backup fund will be there after someone has completed their goal of buying for investment whether long-term or short-term. I also need to ask what happens if an investor can't build an emergency fund or backup fund after starting to invest as you mentioned. Is this part of the risk the investor must accept?

That's not what he means, he is simply emphasizing that instead of delaying your investment because you want to set up your emergency fund first you should instead prioritize your investment, eh also mentioned accumulating bitcoin and saving up your emergency fund simultaneously, you accumulate bitcoin and save up your emergency fund at the same time, it's wrong to want to wait till you are done accumulating bitcoin before you consider setting up an emergency fund, the whole point of the emergency fund is to ensure that situations done come up that might lead to you selling your bitcoin at the wrong time and this wrong time is when you are still accumulating bitcoin not after you've hit over-accumulation so your emergency is needed during your accumulation phase and not after.

[Gost ms]

One important thing i took note of from this is to avoid selling coins for survival, you cannot really be a successful Bitcoin investor if you spend from your investment without having an emergency funds as a support system, this is the only way to invest for a long term. in some cases having an emergency fund is not the only solution to this, some sell their coins because they lack financial discipline and they are impatient. In the aspect of financial discipline and how it relates to this is, they might set out an emergency fund but end up mismanaging it and the only thing they can of is selling their coins because they blew all they had carelessly. Holding Bitcoin is a process to financial freedom that shouldn't be disrupted.

When you call Bitcoin just a coin or crypto, it means all the coins in the market. There are many coins in the market and many fraudulent coins. So if you directly mention Bitcoin, it will be very helpful for new people and all of us to understand. A new person may get confused after hearing about coins and may invest in fraudulent coins in the market. So it is best not to say coins or crypto.

When you call Bitcoin a coin, it means all the currencies in the market and almost all the coins in the market are fraudulent coins. It is never right to compare Bitcoin with all these fraudulent coins, by doing this, a person may get confused and as a result, think that Bitcoin is a fraudulent coin.

[Obulis]

If they can decide not to sell their Bitcoin and use only their discretionary income to buy their phone for important matters then its fine, but if they don't have any choice and only have their Bitcoins. Maybe he don't have a choice but to sell it,

I believe having a phone is part of basic needs because if you are a business person or let's just say someone who's working you need it for your business, even though you are not doing any job yet you still need it because we now live in the the digital era whereby technology is needed. So what I'm trying to say here is that all bills much be settled before investment which means if you don't have enough spare money to buy Bitcoin after all bills has been sorted out then it's fine that way, but if in the future you have sorted out your necessary bills and other important expenses and you still have some leftovers money (discretionary income) then you can continue accumulating more Bitcoin. Most importantly, before investment one should have an emergency funds so that if any emergency situation occurs they can use from their to sort them out, let's just use the phone you talked about as an example. If while accumulating Bitcoin your smart phone got lost or stolen, you can take some money from your emergency funds to buy a new smart phone because you need it.

If in the future you also want to sell your Bitcoin after making some profits, you don't need to sell all of them just a little figure will be okay, starting to accumulate Bitcoin all over again won't be easy but if you had some Bitcoin remaining you can easily continue accumulating from there. Even in the future Bitcoin will continue to rise, now let's just imagine you sold all your Bitcoin and suddenly Bitcoin skyrocket to a more higher price, there's no way that you won't regret. You might feel emotional and start regretting (which you had know you would have hold more longer or kept some Bitcoin). From my own perspectives I believe those who sold all their Bitcoin are already missing more better opportunities right now.

As an investor, you need to have a plan and a strategy, you don't just get into Bitcoin without have basic knowledge or let's just say common sense which probably includes a strategy, with all this I'm very much sure that thing will be a lot more easier as you get started.

Selling of Bitcoin to buy phone is not a good idea, phone has already become part of basic needs in daily life so buying of phone should be budgeted or planned for so that buying it will not mean tampering your Bitcoin asset. Also, buying phone according to the need and purpose it will serve basically because of limited resources is a very good idea, this will help remove the temptation of selling your Bitcoin just to buy phone.
Not selling all your Bitcoin after some profit is a good strategy. If in future you want sell your Bitcoin after making profits and you don't have to sell all, then buying of phone should not necessarily warrant selling of your Bitcoin.

[obuoma]

One important thing i took note of from this is to avoid selling coins for survival, you cannot really be a successful Bitcoin investor if you spend from your investment without having an emergency funds as a support system, this is the only way to invest for a long term. in some cases having an emergency fund is not the only solution to this, some sell their coins because they lack financial discipline and they are impatient. In the aspect of financial discipline and how it relates to this is, they might set out an emergency fund but end up mismanaging it and the only thing they can of is selling their coins because they blew all they had carelessly. Holding Bitcoin is a process to financial freedom that shouldn't be disrupted.

What you need before considering to invest in Bitcoin is discretionary income which is the money remaining when you remove your basic need from your income. From this discretionary income, you can calculate what you want to invest in Bitcoin and how much you want to hold in your emergency funds and reserve funds. If you structure your finance this way, it will be hard for you to sell your Bitcoin fir whatever reason when you already have long term plan for the investmemt.

The only people who are eager to sell their Bitcoin are short term investor and those looking for quick profits. It does not matter what time they invested with their discretionary income, they just want to sell at the sight of profits and this is a very terrible mistake. They make mistakes both in selling off their Bitcoin sometimes at a loss and missing the opportunity to own Bitcoin in the future. The right thing to do is to think long term and no look at the price and as long as the investment is made with discretionary income,it can be held for as long as necessary.

[Bright0515]

If they can decide not to sell their Bitcoin and use only their discretionary income to buy their phone for important matters then its fine, but if they don't have any choice and only have their Bitcoins. Maybe he don't have a choice but to sell it,

I believe having a phone is part of basic needs because if you are a business person or let's just say someone who's working you need it for your business, even though you are not doing any job yet you still need it because we now live in the the digital era whereby technology is needed. So what I'm trying to say here is that all bills much be settled before investment which means if you don't have enough spare money to buy Bitcoin after all bills has been sorted out then it's fine that way, but if in the future you have sorted out your necessary bills and other important expenses and you still have some leftovers money (discretionary income) then you can continue accumulating more Bitcoin. Most importantly, before investment one should have an emergency funds so that if any emergency situation occurs they can use from their to sort them out, let's just use the phone you talked about as an example. If while accumulating Bitcoin your smart phone got lost or stolen, you can take some money from your emergency funds to buy a new smart phone because you need it.

If in the future you also want to sell your Bitcoin after making some profits, you don't need to sell all of them just a little figure will be okay, starting to accumulate Bitcoin all over again won't be easy but if you had some Bitcoin remaining you can easily continue accumulating from there. Even in the future Bitcoin will continue to rise, now let's just imagine you sold all your Bitcoin and suddenly Bitcoin skyrocket to a more higher price, there's no way that you won't regret. You might feel emotional and start regretting (which you had know you would have hold more longer or kept some Bitcoin). From my own perspectives I believe those who sold all their Bitcoin are already missing more better opportunities right now.

As an investor, you need to have a plan and a strategy, you don't just get into Bitcoin without have basic knowledge or let's just say common sense which probably includes a strategy, with all this I'm very much sure that thing will be a lot more easier as you get started.

Selling of Bitcoin to buy phone is not a good idea, phone has already become part of basic needs in daily life so buying of phone should be budgeted or planned for so that buying it will not mean tampering your Bitcoin asset.

I guess you misunderstood what I said above, but it's fine let me quote the part below so you don't have to start alover.

I believe having a phone is part of basic needs because if you are a business person or let's just say someone who's working you need it for your business, even though you are not doing any job yet you still need it because we now live in the the digital era whereby technology is needed.

So what I mean there is that, yes you don't need to sell your Bitcoin before you buy a new phone if you need to, but phone is part of our basic needs and you must also include on your bills if necessary. If after sorting out your bills and you have no leftover money you don't need to part because you didn't buy the unnecessary things. I believe I have already talked about why it's necessary for us to have a smartphone if you don't have it, number reason is that we all are in the digital era whereby technology is needed and there are jobs online and other important opportunities too, and even though you are doing a domestic business you also need a smartphone for for your local and international businesses.
As for me if I have $200 and I don't have a smartphone and I also want to buy Bitcoin, I will buy the phone first before I start buying Bitcoin, because bif I buy Bitcoin before the phone I don't know but I'm certain that I might sell the Bitcoin to buy the phone if it gets to some point.
So what I'm trying to say here is that all basic needs must be settled before Bitcoin accumulation starts.

Now do you agree with me that a no coiner must have a smartphone before they start investing into Bitcoin?
Yes they need it because without it they can't buy Bitcoin, smart phone is necessary. And they also need it to get more informations about the market in the future. Even though they don't necessarily need the those information, but at least the exchange they normally use for buying Bitcoin will sometimes update them about the market.
Another advantage of having a smartphone before investing into Bitcoin is that without it you might not be able to increase your wallet security (yes that's right). With your smartphone you can increase your wallet security by activation 2FA authenticator or all lock on your wallet.

[Hardyrobust]

Selling of Bitcoin to buy phone is not a good idea, phone has already become part of basic needs in daily life so buying of phone should be budgeted or planned for so that buying it will not mean tampering your Bitcoin asset. Also, buying phone according to the need and purpose it will serve basically because of limited resources is a very good idea, this will help remove the temptation of selling your Bitcoin just to buy phone.
Not selling all your Bitcoin after some profit is a good strategy. If in future you want sell your Bitcoin after making profits and you don't have to sell all, then buying of phone should not necessarily warrant selling of your Bitcoin.

It is not a good idea for an investor to sell his or her bitcoin for the sake of buying a phone. It only shows that the investor wasn't able to figure out his discretionionary income correctly and he has made the mistake of using money that is meant for his expenses for buying bitcoin. There is need for an investor to be able to figure out there discretionionary income before they start accumulating bitcoin in other to avoid selling before the anticipated timeline.

[Sticky Bomb]

This is the same thing that someone does when doing DCA when the price is in decline but when they have invested for 5-8 years but when the market price is in a significant increase but still hold back from selling even though if the amount that has been accumulated half of that amount can be sold because we also need to enjoy the results of the profits that have been obtained because basically a person's target will not be the same as what we think even though sometimes someone has the goal of increasing the number of assets but for me it feels bad because it is too much to hold back but there are other reasons that they may hold back or do like that because there are emergency funds saved for the needs to be spent so they dare to hold back from selling half that has been accumulated.

If you're keen on taking profits when you're still in accumulation phase, then you're a trader and not an investor, I don't see the need to sell hair off your holdings just to enjoy the fruit of your labor when you can enjoy yet bigger profits if you hold for longer and concentrate of your consistency until you strain it surprised your target. In DCA, we need to be focused and disciplined to keep enlarging our portfolio and do away with any urge to sell or take profits from our portfolio during accumulation phase.

You don't build emergency funds for your needs, you build it to tackle real emergencies, you should take care of your needs before identifying to having discretionary income from where you invest into Bitcoin and build backup funds. If you spend your emergency funds on nonemergency things, then you leave your portfolio fragile and when an emergency hits you, you'll have no other option than to sell your Bitcoin to attend to it. The correct way to hold is for a long-term, 4 -10 years or longer until the termination of your holding period if possible and not until you spend your already built out emergency fund on needs later on.

If you have the goal of increasing your assets which is diversifying, then it's best to build out your portfolio until it's half of your accumulation target at least and you can stop buying and continue holding until you're done with your diversification and ready to resume accumulating Bitcoin and it's not a time you deploy your emergency fund for the diversification. Your emergency fund has one purpose and that's for real emergencies.

[Y3shot]

It is not a good idea for an investor to sell his or her bitcoin for the sake of buying a phone. It only shows that the investor wasn't able to figure out his discretionionary income correctly and he has made the mistake of using money that is meant for his expenses for buying bitcoin. There is need for an investor to be able to figure out there discretionionary income before they start accumulating bitcoin in other to avoid selling before the anticipated timeline.

The reason why some people make those mistakes in tampering with their investments is that they are not willing to acquire the knowledge on how to go about Bitcoin investment. Knowing that Bitcoin investment is very profitable, they are primarily interested in making money from Bitcoin, which is why when they try to invest with the little knowledge they have, they make mistakes and find it difficult to succeed with Bitcoin. One thing about Bitcoin investment is that if you do not have a real understanding, it will be impossible to invest and achieve good results.

[ejikeme24]

That's not what he means, he is simply emphasizing that instead of delaying your investment because you want to set up your emergency fund first you should instead prioritize your investment,

I know some folks would rather look for a way to figure out their discretionary income to enable them get started with bitcoin investment but then I still feel that it's good to have some level of emergency funds before getting started because no one can tell when emergency will arise so for this reason it's advised to have some level of emergency funds or backup funds before getting involve in bitcoin investment. If an investor will see building their emergency funds to some level as delay, then I think it's better you delay than investing with zero emergency funds because it's even more dangerous than that delay you're talking about .

[Umulala-alala]

The only people who are eager to sell their Bitcoin are short term investor and those looking for quick profits. It does not matter what time they invested with their discretionary income, they just want to sell at the sight of profits and this is a very terrible mistake.

When they are eager to sell there bitcoin in a short term for profit making they are no longer called investor but traders because there only interested about the short term profit, investors are long term bitcoin hodlers who are not interested of short time profit but buy BTC with their discretionary income using the dca strategy buy consistently and hodl for long without selling for a short time gain these are people that should be called bitcoin investors.

[laspol65]

Selling of Bitcoin to buy phone is not a good idea, phone has already become part of basic needs in daily life so buying of phone should be budgeted or planned for so that buying it will not mean tampering your Bitcoin asset. Also, buying phone according to the need and purpose it will serve basically because of limited resources is a very good idea, this will help remove the temptation of selling your Bitcoin just to buy phone.
Not selling all your Bitcoin after some profit is a good strategy. If in future you want sell your Bitcoin after making profits and you don't have to sell all, then buying of phone should not necessarily warrant selling of your Bitcoin.

It is not a good idea for an investor to sell his or her bitcoin for the sake of buying a phone. It only shows that the investor wasn't able to figure out his discretionionary income correctly and he has made the mistake of using money that is meant for his expenses for buying bitcoin. There is need for an investor to be able to figure out there discretionionary income before they start accumulating bitcoin in other to avoid selling before the anticipated timeline.

If what you said is correct, then it must be considered that the person sold the Bitcoin after reaching the destination as planned? Or did he fail as soon as he started investing in sugar and he sold his Bitcoin holding and bought a mobile phone with an aggressive attitude. We need to be sure about this. However, those who do not follow the strategy are more likely to fail, which is why they are repeatedly advised to use the strategy.
If you follow the DCA method and hold Bitcoin, then of course you will be able to hold it for a long time according to the maximum plan, and there will be an opportunity to make huge profits from your investment. However, investing in Bitcoin is easy. Anyone who has money can sell Bitcoin, but it is difficult to sustain, so every person should follow the strategy so that there is no pressure on that person's Bitcoin investment. Then it will be easy for that person to keep the Bitcoin investment for a long time.

[cyberninja2]

When they are eager to sell there bitcoin in a short term for profit making they are no longer called investor but traders because there only interested about the short term profit, investors are long term bitcoin hodlers who are not interested of short time profit but buy BTC with their discretionary income using the dca strategy buy consistently and hodl for long without selling for a short time gain these are people that should be called bitcoin investors.

In reality investors are long-term investors. While some people who do short-term trading are certainly not investors they are simply traders who exploit situations where their position can generate quick profits. There's nothing wrong with short-term trading. In my understanding they may be using short-term trading due to limited capital or because they don't want to hold on for long after buying. At least they don't want to accept losses. Perhaps their short-term trading strategy consistently yields profits even if the amount is unpredictable. However they are consistently successful.

And they do not have no intention of making long-term investments but the limited capital they have is an obstacle even though they want to do what many Bitcoin investors do by implementing a long-term system because the profits that will be obtained over time may be more significant because the price of Bitcoin will not always be in decline but there will definitely be a reversal starting from a decline to an increase which is definitely a long-term investment that is desired by all parties whether they have stable finances or those who only have enough to do it in the short term.

[cocadalcan]

The only people who are eager to sell their Bitcoin are short term investor and those looking for quick profits. It does not matter what time they invested with their discretionary income, they just want to sell at the sight of profits and this is a very terrible mistake.

When they are eager to sell there bitcoin in a short term for profit making they are no longer called investor but traders because there only interested about the short term profit, investors are long term bitcoin hodlers who are not interested of short time profit but buy BTC with their discretionary income using the dca strategy buy consistently and hodl for long without selling for a short time gain these are people that should be called bitcoin investors.

You are right. People who buy Bitcoin for profit and sell it after some time have a trading mentality and they suffer financially due to this short term strategy. If you are less experienced, you should abandon the trading mentality. But less experience is a great strategy to learn for long term investment because as you accumulate Bitcoin, you will learn about Bitcoin and its long-term investment and can implement it.

A beginner who starts with Bitcoin does not understand the difference between trading and investing. But with a long term learning attitude and discretionary income without taking risks accumulating Bitcoin is a good strategy.

[BluebloodCXVI]

When they have gained confidence in bitcoin, they can increase their DCA amount and buy aggressively to cover up those times that they were buying little by little.

I have my doubts about the abilities for any of us to make up for our past times in which we might have had been investing into bitcoin more whimpily.  Sure, it is an idea to invest more aggressively to make up for lost time.. - yet we still have limits in regards to how aggressive we can be..

So let's say that a guy learned about bitcoin, and he decided that he was going to invest into it at around $30 per week, while he is orienting himself and becoming more comfortable.. so perhaps he knows that he could invest $100 per week, but he just is not comfortable enough...

So as he invests he little by little raises his amount, and maybe he even goes up to $120 per week or even $150 per week, and part of his motive is to make up for the times in which he was more whimpy.. I question the extent to which that would work.. even though I do recognize that people will do things like that... there are even provisions in American investment laws that gives tax benefits and even abilities to "make up" invest once a guy gets over 50 years old.. under the assumption that sometimes guys will realize that they had not invested enough prior to 50 years old, so when they turn 50, they are allowed to invest at a higher limit into some of the tax benefitted accounts.

I don’t think you can fully make up for lost time in investing by just suddenly going aggressive. Time in the market is a compounding engine and this means that it grows on itself over time so if a person spends a long time under-investing, increasing contributions can later improve outcomes but it can’t rewind the compounding that the person has already missed because that gap is permanent in a mathematical sense so you can only reduce the gap but you can’t erase it completely.

[MusaPk]

If a brand new investor doesn't have any form of backup funds before he got interested in bitcoin investment, he can start buying right away if he has his discretionary income because that's the most important thing since you can build your emergency funds simultaneously with your bitcoin investment till it reaches three months of your monthly expenses.

If you want to wait till you build your emergency funds before starting your Bitcoin investment, it will deprive you from getting started and that will make you lose a lot of opportunities in the market that you should have used to buy and grow your bitcoin portfolio to a certain size. The reason is because, it can take more than one year to set up an emergency funds of three months of your monthly expenses.

There is no need building an emergency funds when you don't have a bitcoin investment to back up. Also keeping too much fiat in your possession isn't a good idea because fiat depreciates overtime. This is why you need to get started immediately your discretionary income is available because bitcoin is a good asset to accumulate early when you have the opportunity to do so. Bitcoin is the opposite to fiat because it's a store of value overtime.

Why discretionary and emergency funds are important is because they allow you to hold your Bitcoins for long term. We can see real advantage of investing in Bitcoin only if we hold our Bitcoins for at least four years. This must be your first step in Bitcoin accumulation journey to figure out the discretionary income because without that we can't hold our Bitcoin for long term or in other words with discretionary income we are not investing rather trading. As soon as you have discretionary income at your disposal, one must start investing in Bitcoin because that will enable us to figure our further steps which we can take to further improve our Bitcoin investment strategy.