Does the DCA strategy inspire newbies to invest?

[Bd officer]

Even after bearing all these hassle there is no guarantee that you will get profit in short term investment. Getting profit from Bitcoin is quite easy, just follow DCA strategy and try to invest for at least 4 years and you are all set for getting good return.

You cannot guarantee that you will make a profit even if you hold for a long time. In fact, short-term investment can be compared to trading, so you should stay away from such plans. Now if you plan to hold for a long time, you can expect to make a profit but there is no guarantee. Now if you continue buying with DCA strategy for a long time, you will accumulate a good amount of BTC and your money will be protected from inflation. So you should not focus only on profit. Anyway, your plan should be 8 years or 2 cycles instead of 4 years because this will reduce the risk.

[Promocodeudo]

It’s not just about holding bitcoin, I think it’s also about accumulating bitcoin, buying bitcoin Everytime, and also holding bitcoin for a longest time, you must be aware that profits isn’t a guarantee when it comes to investing in bitcoin, which is why you should be well aware that success is never a guarantee, which is why to stand a better chance and opportunity of having a better investment, you have to keep buying bitcoin on a regular basis and on a steady basis, you have to start your investments first before you can start talking about emergency funds which is something that is never a guaranteed when it comes to bitcoin investment.

It better said that if a beginner have an emergency funds before starting his Bitcoin investment fine and good but if he doesn't have it, there's no need of trying to create it before starting when he can also create the emergency funds along side with his Bitcoin accumulation, all these is just to have the understanding that when anyone is ready to invest in Bitcoin, such person should not allow anything to come in as a delay or will say a distraction that may likely hinder him from investing in Bitcoin, even though we know that profit is not guaranteed in Bitcoin investment, people keep looking at the history and that has been a solid ground that triggers people to invest in Bitcoin because of it's repetition over the years.

[WIYO1]

Even after bearing all these hassle there is no guarantee that you will get profit in short term investment. Getting profit from Bitcoin is quite easy, just follow DCA strategy and try to invest for at least 4 years and you are all set for getting good return.

You cannot guarantee that you will make a profit even if you hold for a long time. In fact, short-term investment can be compared to trading, so you should stay away from such plans. Now if you plan to hold for a long time, you can expect to make a profit but there is no guarantee. Now if you continue buying with DCA strategy for a long time, you will accumulate a good amount of BTC and your money will be protected from inflation. So you should not focus only on profit. Anyway, your plan should be 8 years or 2 cycles instead of 4 years because this will reduce the risk.

Although you are 100% correct that investment does not guarantee a return (even when investing for longer time periods), investors may find that short-term trading is basically speculative in nature and most people prefer to avoid executing speculative trades. Consider extending your investment horizon to 8 years (versus one full business cycle) in order to minimize the risks you take by investing at the proper time. A disciplined approach to DCA and investing over time rather than trying to "time" the market will help reduce the tension created by trying to "time" a trade. Ultimately, the goal of investing is not primarily about making fast profits, but rather, making steady, gradual increases in the value of the investments over their life cycle.

[Soldroplet]

I dont see anything difficult about combining the three strategy provided you know what you are doing. An investor can be doing DCA strategy using discretionionary income and still apply the other two strategies. An extra cash may rise or a huge sum of money as a gift, an investor can decide to used this huge sum to do lump sum since the money wasn't meant for his or her expenses. It is also possible for an investor to set aside some percentage of there discretionionary income for buying the dip whenever it will occur. I don't see how combining this strategies will become a problem provided you know what you are doing.

If you are accumulating Bitcoin for sometimes and you get some extra cash all of sudden then you won't buy an expensive smartphone with that money rather you will invest all that in Bitcoin as Lump Sum investment. The reason is that as you continue to spend time in accumulating Bitcoins along with your research then you can easily see that investing in Bitcoin for long term is best idea. Whether its investment, sports or any other domain, with time we learn new techniques which help us in better handling of that particular domain. 

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.

I can really feel your situation — you have to make decisions when you need them, and that's what you did. The phone was very important for your work, so it wasn't a direct mistake for you to sell the bitcoins and buy the phone.

But there's an important lesson you should learn from this. And that's the "emergency fund". You should have had an emergency fund long ago because you can withdraw money from that emergency fund. whenever you need it. Because if you suddenly need something, you don't want to touch bitcoins.
I'll give you a small suggestion: besides investing in bitcoins, create an emergency fund so that you can withdraw that money when you need it.

[Tetu100]

Of course it has to inspire them because most people have this notion that everyone has to buy a whole Bitcoin to be part of this asset class and feel discouraged to jump on the BTC boat🚢. 
But when they learn that you actually can buy your BTC in small chunks to grow your crypto portfolio,  you will certainly grow to love the crypto space as it accommodates everyone no matter the size of your pockets.

That's true, dca method is very accommodating to everyone that is ready to invest in bitcoin including newbies that is just starting up, it enable an investor to buy even when the price is still very high at your convenient time. However, with the dca method of purchasing bitcoin I see no reason anyone should be complaining of not having a sufficient funds to invest when he can be accumulating bit by bit till he hit up his accumulation target. Above all, dca reduces pressure of meeting up to standard when you are not up to do, dca enhance comfort even at your accumulation process  and also dca method  is the best you can tell a friend If you really want to tell someone about bitcoin.

[Jamestown70]

I agree with you to a certain extent course the DCA(Dollar cost Averaging) gives newbies without much discretionary income the opportunity to buy bitcoin continuously with the little amount they have. It can be on a weekly, monthly basis. It removes the stress of having to perfect time the market and smooth out volatility.
The DCA gives newbies who don't have lot of money but have little to invest the hope that they can also invest in Bitcoin with the little discretionary income they have without having to touch the money meant for other things.

The direction of your words is right. But just doing DCA with discretionary income does not fix everything. The investment process is still incomplete. In case of strong investment, it is necessary to have a strong cashflow, besides this, a back up fund is much more helpful in long time investment. If someone wants to be stable in investment for a long time, then he has to be financially strong to deal with the problems that may arise in life over time. Otherwise, he is forced to sell his bitcoin holding at the wrong time. So that such unwanted braking holding events do not happen in the future, it is necessary to keep a back up fund. Which is better if you can keep it according to the amount of expenses for 3 to 6 months.

Not having a 3-6 month amount of expenses as back up funds isn’t a benchmark that should prevent a newbie from starting Bitcoin investment or a newbie have to be financially strong to deal with future issues relating to his bitcoin accumulation. Folk might have a large or strong income flow as you said, but lack financial management while there are others with little discretionary funds set their priorities aright and get along well with their Bitcoin accumulation.

A newbie coming into Bitcoin accumulation space can build their emergency fund simultaneously while investing in Bitcoin. Since they’ve known the importance of an emergency funds, depending on the amount of discretionary funds available, newbie can allocate a larger percentage from their discretionary funds into their emergency fund for the first 6 months to 1 year while still accumulating bitcoin, when they’ve ascertained an amount of back up funds they feel will be ok, then they can  balance up the discretionary allocation ratio to their Bitcoin investment, emergency funds and discretionary consumption to 33.33% or to any amount suitable by them.

[Sim_card]

Newbie can allocate a larger percentage from their discretionary funds into their emergency fund for the first 6 months to 1 year while still accumulating bitcoin, when they’ve ascertained an amount of back up funds they feel will be ok, then they can  balance up the discretionary allocation ratio to their Bitcoin investment, emergency funds and discretionary consumption to 33.33% or to any amount suitable by them.

I think that you are giving more priority to your emergency funds rather than your bitcoin investment. Why will you put a higher percentage of your discretionary income into your emergency funds and after one year, you still share your discretionary income into three parts and put one part into your emergency funds again. It means that your emergency funds will be way higher than your bitcoin investment which shouldn't be so.

There is no need piling up too much fiat in the name of emergency funds because emergency may come or not. As a brand new investor without any form of discretionary income in the beginning should split his discretionary income into three equal parts. Which is 33.3% for his regular DCA overtime, 33.3% to build his emergency funds and 33.3% for his discretionary consumption. This is because you are investing in a long-term and you will definitely set up your backup funds before the end of one circle but you continue growing your bitcoin investment for 4-10 years and above.

[cxtreenal]

Even after bearing all these hassle there is no guarantee that you will get profit in short term investment. Getting profit from Bitcoin is quite easy, just follow DCA strategy and try to invest for at least 4 years and you are all set for getting good return.

You cannot guarantee that you will make a profit even if you hold for a long time. In fact, short-term investment can be compared to trading, so you should stay away from such plans. Now if you plan to hold for a long time, you can expect to make a profit but there is no guarantee. Now if you continue buying with DCA strategy for a long time, you will accumulate a good amount of BTC and your money will be protected from inflation. So you should not focus only on profit. Anyway, your plan should be 8 years or 2 cycles instead of 4 years because this will reduce the risk.

You have expressed valuable opinions. By saving Bitcoin, you can protect your funds from inflation to a large extent. Inflationary pressures are increasing in our daily lives. Consider how much the amount of funds you used to buy goods has increased today compared to 4 years ago. However, if you had saved Bitcoin regularly for the past 4 years instead of depositing money in the bank, the size of your capital would have increased a lot. There is a possibility of this size increasing further after the next 4 years. Analyzing the past price history and return of Bitcoin will make it easier for you to guess what you should actually do.

It is not guaranteed to make a profit from Bitcoin but if you analyze this asset from the beginning you may not be disappointed. Accumulate Bitcoin gradually and try to do every week or every month according to your income. The important thing is to be in a regular accumulation flow to increase Bitcoin holdings like as 4-10 years.

[Jamestown70]

Newbie can allocate a larger percentage from their discretionary funds into their emergency fund for the first 6 months to 1 year while still accumulating bitcoin, when they’ve ascertained an amount of back up funds they feel will be ok, then they can  balance up the discretionary allocation ratio to their Bitcoin investment, emergency funds and discretionary consumption to 33.33% or to any amount suitable by them.

I think that you are giving more priority to your emergency funds rather than your bitcoin investment. Why will you put a higher percentage of your discretionary income into your emergency funds and after one year, you still share your discretionary income into three parts and put one part into your emergency funds again. It means that your emergency funds will be way higher than your bitcoin investment which shouldn't be so.

There is no need piling up too much fiat in the name of emergency funds because emergency may come or not. As a brand new investor without any form of discretionary income in the beginning should split his discretionary income into three equal parts. Which is 33.3% for his regular DCA overtime, 33.3% to build his emergency funds and 33.3% for his discretionary consumption. This is because you are investing in a long-term and you will definitely set up your backup funds before the end of one circle but you continue growing your bitcoin investment for 4-10 years and above.

Thanks for the correction Sim_card, as human we never can predict that rate of emergency that might happen or the severity of it, but we are taking a step to try to avert these unpredictable situations that might affect our Bitcoin investment. Prior to my previous reply, as long as folk or newbie have accumulated a suitable emergency funds while accumulating Bitcoin, they can reduce the percentage allocation to emergency funds and add it up to their Bitcoin investment, thereby upping their DCA.

[Bright0515]

There is no need piling up too much fiat in the name of emergency funds because emergency may come or not.

Putting too much funds as emergency while investing in Bitcoin will reduce your chances of reaching a higher level of Bitcoin accumulation. Let's say for instance you have free $100, you can DCA with $50 then 20 - $30 goes into emergency funds then the remaining $20 should be with you just in case. It's wrong to put a higher amount of money into emergency funds while your Bitcoin portfolio is receiving a little amount of money as DCA. Saving for emergency shouldn't be endless savings, there are point whereby you save for emergency then you stop saving for it because you already have a lot stored for emergency, if you are doing well and you have also secured some funds for emergency, you can start DCA'ing more into Bitcoin, it will really help an investor to achieve more.

The honest truth of the matter is that emergency situations doesn't happen all the time and if an investor keeps a very large amount of money as emergency for a very long time and they are not using it, the money might just be there doing nothing, rather it will be affected by inflation since it's on Fiat currency. So emergency funds shouldn't be an endless saving.

[Father111]

Newbie can allocate a larger percentage from their discretionary funds into their emergency fund for the first 6 months to 1 year while still accumulating bitcoin, when they’ve ascertained an amount of back up funds they feel will be ok, then they can  balance up the discretionary allocation ratio to their Bitcoin investment, emergency funds and discretionary consumption to 33.33% or to any amount suitable by them.

I think that you are giving more priority to your emergency funds rather than your bitcoin investment. Why will you put a higher percentage of your discretionary income into your emergency funds and after one year, you still share your discretionary income into three parts and put one part into your emergency funds again. It means that your emergency funds will be way higher than your bitcoin investment which shouldn't be so.

There is no need piling up too much fiat in the name of emergency funds because emergency may come or not. As a brand new investor without any form of discretionary income in the beginning should split his discretionary income into three equal parts. Which is 33.3% for his regular DCA overtime, 33.3% to build his emergency funds and 33.3% for his discretionary consumption. This is because you are investing in a long-term and you will definitely set up your backup funds before the end of one circle but you continue growing your bitcoin investment for 4-10 years and above.

Thanks for the correction Sim_card, as human we never can predict that rate of emergency that might happen or the severity of it, but we are taking a step to try to avert these unpredictable situations that might affect our Bitcoin investment. Prior to my previous reply, as long as folk or newbie have accumulated a suitable emergency funds while accumulating Bitcoin, they can reduce the percentage allocation to emergency funds and add it up to their Bitcoin investment, thereby upping their DCA.

That is why as an investor, you don't need any investors to inform you when to start keeping your reserve funds, for any ugly situation you might find yourself with your accumulating processes, every investors or newbies should understand those things that serve as backup strategies or plans should never be overlooked or take as a minor thing that can never be helpful to you in future, i have been following the all the parts in Bitcoin that will prevent me from pulling out my already accumulatd Bitcoin in a hurry just to save the situation at hand.

[Jewan420]

There is no need piling up too much fiat in the name of emergency funds because emergency may come or not.

Putting too much funds as emergency while investing in Bitcoin will reduce your chances of reaching a higher level of Bitcoin accumulation. Let's say for instance you have free $100, you can DCA with $50 then 20 - $30 goes into emergency funds then the remaining $20 should be with you just in case. It's wrong to put a higher amount of money into emergency funds while your Bitcoin portfolio is receiving a little amount of money as DCA. Saving for emergency shouldn't be endless savings, there are point whereby you save for emergency then you stop saving for it because you already have a lot stored for emergency, if you are doing well and you have also secured some funds for emergency, you can start DCA'ing more into Bitcoin, it will really help an investor to achieve more.

The honest truth of the matter is that emergency situations doesn't happen all the time and if an investor keeps a very large amount of money as emergency for a very long time and they are not using it, the money might just be there doing nothing, rather it will be affected by inflation since it's on Fiat currency. So emergency funds shouldn't be an endless saving.

Nothing in excess is good, be it investments or emergency funds or other funds in the backup fund. We should pay attention to the funds as much as we need. Saving an amount equal to 3-4 months of expenses in the emergency fund may be enough, the extra money you keep will continue to be unnecessarily damaged due to inflation. Even you are falling behind in your investment journey.

Similarly, it is wise for us to save the necessary amount of money in other funds. While budgeting, there should be a clear plan of how much money is needed to be kept in the reserve fund, how much money is needed in the petty cash fund and other necessary funds, so that we do not leave the excess money for unnecessary inflation. While investing, we should have a clear plan in every regard so that there is no waste and there is no obstacle to investment.

[Derekfunds]

Newbie can allocate a larger percentage from their discretionary funds into their emergency fund for the first 6 months to 1 year while still accumulating bitcoin, when they’ve ascertained an amount of back up funds they feel will be ok, then they can  balance up the discretionary allocation ratio to their Bitcoin investment, emergency funds and discretionary consumption to 33.33% or to any amount suitable by them.

I think that you are giving more priority to your emergency funds rather than your bitcoin investment. Why will you put a higher percentage of your discretionary income into your emergency funds and after one year, you still share your discretionary income into three parts and put one part into your emergency funds again. It means that your emergency funds will be way higher than your bitcoin investment which shouldn't be so.

There is no need piling up too much fiat in the name of emergency funds because emergency may come or not. As a brand new investor without any form of discretionary income in the beginning should split his discretionary income into three equal parts. Which is 33.3% for his regular DCA overtime, 33.3% to build his emergency funds and 33.3% for his discretionary consumption. This is because you are investing in a long-term and you will definitely set up your backup funds before the end of one circle but you continue growing your bitcoin investment for 4-10 years and above.

Thanks for the correction Sim_card, as human we never can predict that rate of emergency that might happen or the severity of it, but we are taking a step to try to avert these unpredictable situations that might affect our Bitcoin investment. Prior to my previous reply, as long as folk or newbie have accumulated a suitable emergency funds while accumulating Bitcoin, they can reduce the percentage allocation to emergency funds and add it up to their Bitcoin investment, thereby upping their DCA.

That is why as an investor, you don't need any investors to inform you when to start keeping your reserve funds, for any ugly situation you might find yourself with your accumulating processes, every investors or newbies should understand those things that serve as backup strategies or plans should never be overlooked or take as a minor thing that can never be helpful to you in future, i have been following the all the parts in Bitcoin that will prevent me from pulling out my already accumulatd Bitcoin in a hurry just to save the situation at hand.

That is also the reason why we need the basic knowledge about Bitcoin investment because someone with these knowledge will never wait for advise to start keeping their reserve funds or emergency funds because they will know it is what they are suppose to do as an investor so waiting for someone to inform you is an error. Immediately we start purchasing and holding we ought to start making plans and arrangements for our emergency funds because they are also among the tool that will bring a smooth running investment.

[Popkon6]

It’s not just about holding bitcoin, I think it’s also about accumulating bitcoin, buying bitcoin Everytime, and also holding bitcoin for a longest time, you must be aware that profits isn’t a guarantee when it comes to investing in bitcoin, which is why you should be well aware that success is never a guarantee, which is why to stand a better chance and opportunity of having a better investment, you have to keep buying bitcoin on a regular basis and on a steady basis, you have to start your investments first before you can start talking about emergency funds which is something that is never a guaranteed when it comes to bitcoin investment.

It better said that if a beginner have an emergency funds before starting his Bitcoin investment fine and good but if he doesn't have it, there's no need of trying to create it before starting when he can also create the emergency funds along side with his Bitcoin accumulation, all these is just to have the understanding that when anyone is ready to invest in Bitcoin, such person should not allow anything to come in as a delay or will say a distraction that may likely hinder him from investing in Bitcoin, even though we know that profit is not guaranteed in Bitcoin investment, people keep looking at the history and that has been a solid ground that triggers people to invest in Bitcoin because of it's repetition over the years.

I also agree with you that you should not waste this valuable time waiting for Bitcoin investment. However, those who are wasting this valuable time are basically moving away from being more profitable in the future, because the sooner you start investing in Bitcoin, the better and more effective it will be for you. Because you should never hesitate or panic when investing, you should take risks and invest in Bitcoin by following the DCA method and use the strategies on how to sustain Bitcoin investment for a long time.
However, in this case, it is most important to keep an eye on discretionary income, the more discretionary income there is, the more Bitcoin investment portfolio will have. However, you should invest in Bitcoin according to your ability, then it will be easy for that person to sustain Bitcoin investment for a long time.

[Publictalk792]

That is also the reason why we need the basic knowledge about Bitcoin investment because someone with these knowledge will never wait for advise to start keeping their reserve funds or emergency funds because they will know it is what they are suppose to do as an investor so waiting for someone to inform you is an error. Immediately we start purchasing and holding we ought to start making plans and arrangements for our emergency funds because they are also among the tool that will bring a smooth running investment.

Trick to getting good information is that by time you want to make a decision you are not informed by your own judgement. Only conviction can stop investor from panic selling during crash.
But we should be talking about reserve fund and emergency fund. While great piece of your wealth can be set aside in Bitcoin for future, emergency fund for day to day expenses should probably be kept in less risky, more stable form. If market plummets 30% for example, at same time as you have emergency, then you are in trouble because you have to dip into your reserve and sell at loss, defeating purpose of being long term investor. Point is to create vault, where you never have to touch your Bitcoin regardless of life circumstances.

[Davidloki]

I agree with you to a certain extent course the DCA(Dollar cost Averaging) gives newbies without much discretionary income the opportunity to buy bitcoin continuously with the little amount they have. It can be on a weekly, monthly basis. It removes the stress of having to perfect time the market and smooth out volatility.
The DCA gives newbies who don't have lot of money but have little to invest the hope that they can also invest in Bitcoin with the little discretionary income they have without having to touch the money meant for other things.

The direction of your words is right. But just doing DCA with discretionary income does not fix everything. The investment process is still incomplete. In case of strong investment, it is necessary to have a strong cashflow, besides this, a back up fund is much more helpful in long time investment. If someone wants to be stable in investment for a long time, then he has to be financially strong to deal with the problems that may arise in life over time. Otherwise, he is forced to sell his bitcoin holding at the wrong time. So that such unwanted braking holding events do not happen in the future, it is necessary to keep a back up fund. Which is better if you can keep it according to the amount of expenses for 3 to 6 months.

Not having a 3-6 month amount of expenses as back up funds isn’t a benchmark that should prevent a newbie from starting Bitcoin investment or a newbie have to be financially strong to deal with future issues relating to his bitcoin accumulation.

3 - 6 months is enough time for an aspiring investor to prepare his emergency fund after starting his investment. There is no point waiting for the duration to elapse before investing. Investment can be done while you are sorting out the emergency funds for 3 - 6 months. The difference is that, at that early stage, your percentage for investment will be balanced with that of your emergency fund. After you have reached the emergency target, the percentage for buying Bitcoin should increase. 

This pattern is also associated with cases where an investor loses their job. The percentage for buying through dca is relative to change as the income increases or decreases. If the first emergency funds have been squandered due to an emergency, the investor will have to adjust the percentage for dca so that he can pile up more emergency funds for the future.

[JayJuanGee]

I agree with you to a certain extent course the DCA(Dollar cost Averaging) gives newbies without much discretionary income the opportunity to buy bitcoin continuously with the little amount they have. It can be on a weekly, monthly basis. It removes the stress of having to perfect time the market and smooth out volatility.
The DCA gives newbies who don't have lot of money but have little to invest the hope that they can also invest in Bitcoin with the little discretionary income they have without having to touch the money meant for other things.

The direction of your words is right. But just doing DCA with discretionary income does not fix everything. The investment process is still incomplete. In case of strong investment, it is necessary to have a strong cashflow, besides this, a back up fund is much more helpful in long time investment. If someone wants to be stable in investment for a long time, then he has to be financially strong to deal with the problems that may arise in life over time. Otherwise, he is forced to sell his bitcoin holding at the wrong time. So that such unwanted braking holding events do not happen in the future, it is necessary to keep a back up fund. Which is better if you can keep it according to the amount of expenses for 3 to 6 months.

Not having a 3-6 month amount of expenses as back up funds isn’t a benchmark that should prevent a newbie from starting Bitcoin investment or a newbie have to be financially strong to deal with future issues relating to his bitcoin accumulation.

3 - 6 months is enough time for an aspiring investor to prepare his emergency fund after starting his investment.

There is no reason to wait at all in order to start investing in bitcoin.  A person can start right away, as soon as they determine that they have discretionary funds.

There is no point waiting for the duration to elapse before investing. Investment can be done while you are sorting out the emergency funds for 3 - 6 months.

Why do you keep bringing up 3-6 months?  What importance is that?  Sure, in the beginning there may be adapting, yet if a person is investing in bitcoin then it is good to have an investment timeline that is 4-10 years or more... and yeah, sure in the beginning the newbie might be getting used to investing, so if he is investing something like every week, then he may well have to get used to dedicating a certain amount of money going into bitcoin, whether it is $100 per week, $10 per week or some other amount.

The difference is that, at that early stage, your percentage for investment will be balanced with that of your emergency fund. After you have reached the emergency target, the percentage for buying Bitcoin should increase.  

Sure.  It is possible that a guy who is brand new to investing, he might determine to dedicate part of his discretionary income to investing, another part to building up his back up funds and another part to discretionary consumption, and yeah, if he is starting out with absolutely no back up funds, then he likely would be investing in bitcoin and building his bitcoin back up funds at the same time, and so depending on how much he is putting in to each, it could take a long time, even a year or more to build both of them up so that he had put in the equivalent of 3 months expenses into bitcoin and 3 months of expenses into his back up funds (ie emergency funds). and yeah, if he had dipped into his back up funds at various points along the way, he likely would have to spend some time to rebuilding those back up funds to keep them at a level that he considers to be reasonable for his own circumstances.. whether that is 3 months of his expenses or some other amount is largely based on his personal financial and psychological circumstances.. yet there could be some personal preferences thrown in the mix too.. He might consider that he is quite intent on building up his bitcoin stash size, yet once his bitcoin stash size gets to be 1-2 years or more of his expenses, he might decide to put more emphasis on keeping even larger amounts of cash, cash equivalents and even alternative investments that he considers to be part of his backup funds and fund sources that he would tap into prior to any tapping into his bitcoin.  

This pattern is also associated with cases where an investor loses their job. The percentage for buying through dca is relative to change as the income increases or decreases. If the first emergency funds have been squandered due to an emergency, the investor will have to adjust the percentage for dca so that he can pile up more emergency funds for the future.

o.k.  Sure.. if a guy depletes his back up funds, then he might have to put priority on building it up first, otherwise, he might not have enough funds to protect his bitcoin from being tapped into at a time that was not of his choosing.  So surely any time that there is considerable loss of income or increases in expenses, then back up funds might get tapped into and even depleted, yet we should be trying to put practices in place to protect our bitcoin and to get our income back so that we can build back up our back up funds.

[DubemIfedigbo001]

This pattern is also associated with cases where an investor loses their job. The percentage for buying through dca is relative to change as the income increases or decreases. If the first emergency funds have been squandered due to an emergency, the investor will have to adjust the percentage for dca so that he can pile up more emergency funds for the future.

When an investor loses his job, there's a possibility that he ceases to have income at the moment and in a scenario that they don't have any other source of income and now relies on his already built out backup funds to sustain him, and at that point if there's no discretionary income coming in, survivor becomes the priority and the investor should stop buying and focus on holding and survival until he's able to get himself back to earning and can continue buying with his discretionary income. When he gets on his feet again, there's a great possibility that he's depleted his emergency fund to a good extent or even totally, he should give more priority to building back his emergency fund since his portfolio is now left vulnerable due to lack of emergency fund, while he still continues his buys and holding simultaneously.

[Marvelockg]

This pattern is also associated with cases where an investor loses their job. The percentage for buying through dca is relative to change as the income increases or decreases. If the first emergency funds have been squandered due to an emergency, the investor will have to adjust the percentage for dca so that he can pile up more emergency funds for the future.

When an investor loses his job, there's a possibility that he ceases to have income at the moment and in a scenario that they don't have any other source of income and now relies on his already built out backup funds to sustain him, and at that point if there's no discretionary income coming in, survivor becomes the priority and the investor should stop buying and focus on holding and survival until he's able to get himself back to earning and can continue buying with his discretionary income. When he gets on his feet again, there's a great possibility that he's depleted his emergency fund to a good extent or even totally, he should give more priority to building back his emergency fund since his portfolio is now left vulnerable due to lack of emergency fund, while he still continues his buys and holding simultaneously.

Sure. Investing in bitcoin involves knowing how to put first things first at times that it matters most which gives you the ability effectively manage any kind of situation you find yourself in while staying invested in bitcoin.

Along your investment journey, there are times when you will have a lot of money and at such times, investing might seems too easy but times will also come when you might have very little. Times will also come when you have other pressing needs that are as relevant as your investment and you have to also make an opportunity cost in terms of what you have to forgo to continue investing and wether or not you're going to relax on your investment for a moment just so you can keep other aspect of your life going. Through it all, your emergency fund protects you and keep you invested such that you never get to a point where you have to sell your asset and even if based on loosing a job or experiencing uncertainty that might slow your finances down might look like a big challenge, you will still have to reply on your emergency fund while you navigate throughout that season.

[Alonso_]

There is no reason to wait at all in order to start investing in bitcoin.  A person can start right away, as soon as they determine that they have discretionary funds.

Personally I think what someone who have a good mindset of investing in Bitcoin can do is, starting immediately with investing in Bitcoin when they have an availability of discretionary income, because what they need to get started with investing in Bitcoin is a discretionary income, when I started investing in Bitcoin I had to save some money small small, because I felt that I needed to save a very huge amount of money before I can get started with investing in bitcoin.

However because of that mindset my first buy with bitcoin was through the lump sum, and then I learnt I can actually accumulate bitcoin small small, when I have that discretionary income, then I started investing and buying through the DCA techniques which have been so much helpful to me for a long term now, apparently we don’t need to be waiting for any reason whatsoever before we can start buying Bitcoin when we have a discretionary income available.

Perhaps the only reason why an investor wouldn’t be investing immediately is because of lack of discretionary income availability.

I must say that you’re absolutely correct, there is no reason whatsoever to wait before an individual can start investing and accumulating bitcoin.