Does the DCA strategy inspire newbies to invest?

[#CapsLOck]

It can help make the Bitcoin investing experience less daunting for a beginner. As it eliminates the urgency of seeking the perfect entry point. If you have a little extra cash to spare. It is easy to stick to a set plan rather than making impulsive and emotional choices. DCA is not however a guarantee of profit. More important is the discipline that is established by the strategy. And the amount of money invested should become more comfortable for a newbie. Based on his or her financial situation. In that way. DCA can help to foster investing habits without the need to forecast the market.

[Freeveto]

Guys need to be careful when they have considerable imbalances in the amount of BTC that they are accumulating and the amount of back up funds that they are building up.

There is a need to do both, yet if guys get quite out of balance, then greater chances come that he is going to be forced into a more balanced position.

Surely, I would prefer to control the direction of the balance in my bitcoin size and my back up funds rather than being forced into circumstances where I do not have any options.

Part of the power of both investing and building our back up funds (strengthening our cashflow management systems/practices) is that we end up becoming empowered in terms of our increasing our options.

Of course, there are guys who struggle to get enough discretionary funds so that they are able to invest into bitcoin, yet at the same time, if they do not have enough discretionary funds, then they may well not be able to invest until such a time that they are able to figure out ways to increase their discretionary funds by increasing their income and/or by decreasing their expenses.

Some guys get it wrong always by maybe increasing their expenses once they notice their sources of income have increased. Instead of trying to maintain and add more allocation to their Bitcoin investment plan and emergency funds they keep for rainy days so that when some problem arises, they can use that money to sort themselves out and maybe make their source of income more reliable in order to earn more and be consistent with the DCA so that their goal will remain unchanged and they can accumulate more Bitcoin.

Some of these guys will want to invest by all means so that they will not be left out of the investment; they actually have a good mentality and aim to buy Bitcoin, but lack of money is the problem. Some of them do take loans, which is wrong because they will not be comfortable with the investment because they have to pay back and they don't have any source of income. The best thing is to wait and find a means to earn money so that you can be able to invest comfortably.

[G_Besar]

———

Maybe you are confused, so investors are now seers that see ahead of time or the future, what do you think emergency is? Do you think emergency is an occurrence that are for seen? No one plans for emergencies, meanig that you can only make provisions for it, so how would you know what you will use your emergency fund for, when you do not know the nature of emergency that will present itself.
Hey man, emergency is emergency whether small or big, why we investor create emergency funds is to tackle emergency when it occurs, so saying that there particular emergency that emergency funds should spend on, is wrong and I don't think you are spreading the right information, I will appreciate it, if you concentrate in learning, just a Friendly advice.

I also quite agree with your advice because, basically, no one knows what emergencies will happen to them in the future. So, the thing you can do to overcome this is to prepare in the form of material things like funds or other things, and then focus on your investment goals. So, managing your emergency fund is important, but as an investor, you shouldn't forget your primary goal, such as frequently buying Bitcoin with funds that have been deliberately set aside.

[Rhow]

I find investors using the DCA strategy invest for the long term.
Special Considerations Should Beginners Follow the DCA Method for Bitcoin Investments? What Can Be the Outcome -Future

Yes, the DCA strategy is one of the best strategies for beginners and users who have small capital, when they want to trade Bitcoin and also invest.
When you set a strategy for buying Bitcoin and calculate the budget that you have 20 percent to buy Bitcoin every month, of course this strategy is a long-term strategy and is to increase Bitcoin income in the long term.

I think there are many ways to trade and invest in Bitcoin, but the DCA strategy, in my opinion is the best strategy for those with small capital, as opposed to large investors, such as companies and so on.

Trading and investing are not the same. Where trading means buying at a low price and trying to sell at a high price after some time, then I don't understand how you would trade following the DCA strategy. DCA is not a trading strategy, rather DCA is more effective for most people for long-term savings. You can only make this discussion a reality if you want to lose all your money.

People follow the DCA strategy in investing so that they don't have to time the market or make repeated decisions. But in trading, you have to make very quick decisions. Trading is very risky for beginners. My advice is that beginners should not get involved in trading with the hope of making quick money, but start saving regularly and gradually. Ultimately, every decision will be taken by the individual himself.

[samadam007]

Guys need to be careful when they have considerable imbalances in the amount of BTC that they are accumulating and the amount of back up funds that they are building up.

There is a need to do both, yet if guys get quite out of balance, then greater chances come that he is going to be forced into a more balanced position.

Surely, I would prefer to control the direction of the balance in my bitcoin size and my back up funds rather than being forced into circumstances where I do not have any options.

Part of the power of both investing and building our back up funds (strengthening our cashflow management systems/practices) is that we end up becoming empowered in terms of our increasing our options.

Of course, there are guys who struggle to get enough discretionary funds so that they are able to invest into bitcoin, yet at the same time, if they do not have enough discretionary funds, then they may well not be able to invest until such a time that they are able to figure out ways to increase their discretionary funds by increasing their income and/or by decreasing their expenses.

Some guys get it wrong always by maybe increasing their expenses once they notice their sources of income have increased. Instead of trying to maintain and add more allocation to their Bitcoin investment plan and emergency funds they keep for rainy days so that when some problem arises, they can use that money to sort themselves out and maybe make their source of income more reliable in order to earn more and be consistent with the DCA so that their goal will remain unchanged and they can accumulate more Bitcoin.

Some of these guys will want to invest by all means so that they will not be left out of the investment; they actually have a good mentality and aim to buy Bitcoin, but lack of money is the problem. Some of them do take loans, which is wrong because they will not be comfortable with the investment because they have to pay back and they don't have any source of income. The best thing is to wait and find a means to earn money so that you can be able to invest comfortably.

The angle you’re trying to buttress JJG post from is not really on point. It’s better to ride on his explanation not to change the direction. He wasn’t talking about people increasing their expenses when their income go up or instance where folks take loan to buy Bitcoin. It has nothing to do with the conversation.

He was talking about an investor building both his portfolio and financial backup along side. The two are important and folks should not focus only on accumulating Bitcoin and neglect backup fund, so an unexpected problem doesn’t come and force him to sell to handle it. Having some backup fund gives more flexibility and reduces pressure.

The scenario he made was someone with little/ no discretionary income and wants to invest. The solution is to either look for ways to cut down (unnecessary) expenses so he has a reasonable discretionary income to kickstart or increase the amount he earns.

[sotelorene]

It can help make the Bitcoin investing experience less daunting for a beginner. As it eliminates the urgency of seeking the perfect entry point. If you have a little extra cash to spare. It is easy to stick to a set plan rather than making impulsive and emotional choices. DCA is not however a guarantee of profit. More important is the discipline that is established by the strategy. And the amount of money invested should become more comfortable for a newbie. Based on his or her financial situation. In that way. DCA can help to foster investing habits without the need to forecast the market.

There is no such thing as perfect entry for investors because the activity thereof is to keep on accumulating gradually till a state of overaccumulation is attained so talking about perfect entry makes you sound like a trader. Moreover, the DCA method is not actually draft for profit making or to make quick profit but rather a normal method of accumulating Bitcoin like others... but it has a unique difference and an advantage which is to allow any folks to invest regardless of the income and discretionary they have, profit can only be made when someone is able to hold for a long term and if the price appreciate before then

[PhilosopherKing]

Guys need to be careful when they have considerable imbalances in the amount of BTC that they are accumulating and the amount of back up funds that they are building up.

There is a need to do both, yet if guys get quite out of balance, then greater chances come that he is going to be forced into a more balanced position.

Surely, I would prefer to control the direction of the balance in my bitcoin size and my back up funds rather than being forced into circumstances where I do not have any options.

Part of the power of both investing and building our back up funds (strengthening our cashflow management systems/practices) is that we end up becoming empowered in terms of our increasing our options.

Of course, there are guys who struggle to get enough discretionary funds so that they are able to invest into bitcoin, yet at the same time, if they do not have enough discretionary funds, then they may well not be able to invest until such a time that they are able to figure out ways to increase their discretionary funds by increasing their income and/or by decreasing their expenses.

Some guys get it wrong always by maybe increasing their expenses once they notice their sources of income have increased. Instead of trying to maintain and add more allocation to their Bitcoin investment plan and emergency funds they keep for rainy days so that when some problem arises, they can use that money to sort themselves out and maybe make their source of income more reliable in order to earn more and be consistent with the DCA so that their goal will remain unchanged and they can accumulate more Bitcoin.

Some of these guys will want to invest by all means so that they will not be left out of the investment; they actually have a good mentality and aim to buy Bitcoin, but lack of money is the problem. Some of them do take loans, which is wrong because they will not be comfortable with the investment because they have to pay back and they don't have any source of income. The best thing is to wait and find a means to earn money so that you can be able to invest comfortably.

So what if person already have huge savings that has been kept for long time and can afford to ongoingly invest some of it into bitcoin, should that dude still have to now be waiting because there is no income not gotten a income yet.

AFAIK, having no current ongoing income does not mean person cannot invest. I think we should focus on if the person still have money remaining after expenses have been settled, and also if that money is diiscretionary income. If it is, the person can go on to ongoingly invest with that money and figure the others along the way.

Waiting is so fucking counter productive and it can even make you to continue waiting endlessly, and that is why it is good that person start even if it is with small and sort things figured along the way.

[SPIDERMAN008]

It can help make the Bitcoin investing experience less daunting for a beginner. As it eliminates the urgency of seeking the perfect entry point. If you have a little extra cash to spare. It is easy to stick to a set plan rather than making impulsive and emotional choices. DCA is not however a guarantee of profit. More important is the discipline that is established by the strategy. And the amount of money invested should become more comfortable for a newbie. Based on his or her financial situation. In that way. DCA can help to foster investing habits without the need to forecast the market.

No strategy actually guarantees investment in Bitcoin. That is why it is logical to invest only in Bitcoin with discretionary income. When you have to invest in Bitcoin with a large amount, it becomes difficult to control emotions. And it becomes even more difficult for new investors.

And you are right that it is more important to create a habit of investing in Bitcoin regularly. And this habit helps an investor to hold for a long time. It can be started with a small amount with. Because the larger the amount the more difficult it can be to control emotions. And if you start investing in Bitcoin regularly with a small amount, over time that person will get a lot of ideas about investment and will be able to change the DCA amount conveniently according to the financial situation.

[Perfect-World]

No strategy actually guarantees investment in Bitcoin. That is why it is logical to invest only in Bitcoin with discretionary income. When you have to invest in Bitcoin with a large amount, it becomes difficult to control emotions. And it becomes even more difficult for new investors.

I guess you made a mistake here or is it a misconception? Maybe you wanted to say No strategy guarantees success in Bitcoin investment right? Or there was no mistake?

Investing I'm Bitcoin can be done with any of the strategies, wether the lump sum, Buying the Dip or the DCA strategy. All of which guarantees you owning coins in BTC. The major point of discussion here is your preferred accumulation strategy and how it affects your accumulation since people do not earn the same amount and share the same expenses altogether, and the DCA, due to its flexibility makes it much more easier for plebs to accumulate Bitcoin since they can buy with little amounts as they can afford and at any time unlike the lump strategy or buying from the Dip where you wait for dips before buying.

I think the topic is just right, yea. The DCA makes it easier for accumulation, and hence, inspires newbies and every other interested investor to invest so long as they have there discretionary.

[NewRevelation]

comfortable with the investment because they have to pay back and they don't have any source of income. The best thing is to wait and find a means to earn money so that you can be able to invest comfortably.

You have to be specific with your words and the kind of earnings you mean before one can begin his investment. This is because some plebs might not be earning from a company or something else, but may have some money saved up and may want to use it for Bitcoin investment. There are cases where someone may have a cash gift, or wins a lottery and even having some cool cash saved up in local banks, and perhaps decides to pool it out for investment. It means that such a person can invest with such money. He can decide to buy all at once or share them into weekly buys using the DCA. Thus, if a guy has some money as its discretionary, he can actually invest with it regardless of wether he is currently on a pay roll or not.

Secondly, as a beginner, investments may not be comfortable because the investor may still be trying to figure things out rightly. He may be trying to figure out the right income allocation as a newbie or due to low funds, and so, he could just start with his available discretionary and in few moments while he is already investing, he would figure things out rightly

[ObeyKnock]

There is a need to do both, yet if guys get quite out of balance, then greater chances come that he is going to be forced into a more balanced position.

This is why it's worth having at least 3-6 months expenses. Not just in case of an unexpected vet bill. That’s not enough.

You may have noticed that job losses tend to correlate well with drawdowns in BTC. In both 2020 and 2022, BTC dropped by 50%+ at the same time there were surges in layoffs. This can be devastating for crypto investors: If you lose your job at the same time your portfolio is down 50%, then you’re going to be tempted to sell at the bottom. If you have an adequate cash cushion, then a drawdown is nothing but a temporary paper loss. Once the 3-6 months of expenses is fully funded, only then should one think about investing in BTC or anything else.

[abaeze]

Some guys get it wrong always by maybe increasing their expenses once they notice their sources of income have increased. Instead of trying to maintain and add more allocation to their Bitcoin investment plan and emergency funds they keep for rainy days so that when some problem arises, they can use that money to sort themselves out and maybe make their source of income more reliable in order to earn more and be consistent with the DCA so that their goal will remain unchanged and they can accumulate more Bitcoin.

In fact, in the current situation, the prices of goods and the cost of living have increased, even if you do not want to increase your expenses, it will ultimately increase. Therefore, in addition to reducing expenses, you should increase your new sources of income and for this, you should invest. However, investing in volatile assets like Bitcoin does not mean getting rich overnight.

Those who have been involved in investing in Bitcoin for a long time use their experience to keep their investments safe and invest easily, but it is not very easy for new investors to invest in volatile assets like Bitcoin, if they can't make decisions according to the right plan.

Therefore, before investing in Bitcoin, you should set aside necessary expenses and emergency funds, then if someone has high-interest loans, they should be paid off or other financial obligations should be considered and then an affordable allocation for Bitcoin should be made according to your risk tolerance and DCA is a method of implementing that allocation, but although it does not guarantee any profit itself, it is the most anticipated and effective strategy for successful Bitcoin users.

[Sammysmart001]

There is a need to do both, yet if guys get quite out of balance, then greater chances come that he is going to be forced into a more balanced position.

This is why it's worth having at least 3-6 months expenses. Not just in case of an unexpected vet bill. That’s not enough.

You may have noticed that job losses tend to correlate well with drawdowns in BTC. In both 2020 and 2022, BTC dropped by 50%+ at the same time there were surges in layoffs. This can be devastating for crypto investors: If you lose your job at the same time your portfolio is down 50%, then you’re going to be tempted to sell at the bottom. If you have an adequate cash cushion, then a drawdown is nothing but a temporary paper loss. Once the 3-6 months of expenses is fully funded, only then should one think about investing in BTC or anything else.

The idea of controlling the balance is really important cause there might not be one backup fund amount that works out for everyone.
Someone who’s income changes monthly and someone with a stable salary and low expenses this two people will have different needs.

Having enough financial flexibility is the main point here. So that Bitcoin dip shouldn’t force to sell out your coin due to an unexpected expense came up. This will give an investor more control over when to hold, buy or even to pause DCA when it necessary.

[Merit.s]

herefore, before investing in Bitcoin, you should set aside necessary expenses and emergency funds, then if someone has high-interest loans, they should be paid off or other financial obligations should be considered and then an affordable allocation for Bitcoin should be made according to your risk tolerance and DCA is a method of implementing that allocation, but although it does not guarantee any profit itself, it is the most anticipated and effective strategy for successful Bitcoin users.

Why all these preparations just because you want to start your bitcoin investment with as low as $10 or more. There's no need for all that, you don't need to waste unnecessary time trying to build up an emergency funds that will take a long time before you can set it up to three months of your monthly expenses. That will delay you and you might not even get started and keep on procrastinating.

Your discretionary income is only what you need to start your bitcoin investment. The moment you have figured out your discretionary income and and how from it you can use to buy bitcoin that wouldn't mount pressure on you financially, you start buying immediately, and don't wait to be debt free or a perfect time to get started.

The best thing to do is to build your bitcoin investment simultaneously with your emergency funds and don't wait to set up your emergency funds because time and the price of bitcoin waits for no one. You can share your discretionary income into three parts, 1/3 for your weekly DCA, 1/3 for building your emergency funds till it gets to three months of your expenses and the last 1/3 for your discretionary consumption. Delay is dangerous.

[ObeyKnock]

Someone who's income changes monthly and someone with a stable salary and low expenses this two people will have different needs.

However, the reason it's longer for self-employed/freelance/commission-based people is because it takes them longer to regain income (and there's no employer to fall back on), and it's less predictable how long that will be, so they're advised to have about twice as much, hence the 6-12 months, or more. The old standard piece of financial planning advice is 3-6 months of expenses for people with steady, reliable, salaried income.

+ This is helpful because it takes some nebulous "it depends" advice and gives some hard and useful numbers.

[Odohu]

It can help make the Bitcoin investing experience less daunting for a beginner. As it eliminates the urgency of seeking the perfect entry point. If you have a little extra cash to spare. It is easy to stick to a set plan rather than making impulsive and emotional choices. DCA is not however a guarantee of profit. More important is the discipline that is established by the strategy. And the amount of money invested should become more comfortable for a newbie. Based on his or her financial situation. In that way. DCA can help to foster investing habits without the need to forecast the market.

Nothing is a guarantee for profits because there is uncertainty in everything investment and I think the post is not even focusing on profits but what will encourage newbies to invest for which the DCA method is one of them. Through the DCA method, newbies can finally relax and not be in a hurry to see their investment in profits or anxious to get out of the market but will be more inclined to buying more as the investment is made with amount of money that is considered small to the investor.

Before now there were newbies that struggled to start buying Bitcoin because they feel the price has gotten too high but with the DCA method, they have understood that they can invest with what they have and through consistency they can grow that into something very big. This gets to show that the DCA method is a wonderful accumulation method that inspire people to invest more and hold.

[Jewan420]

Someone who's income changes monthly and someone with a stable salary and low expenses this two people will have different needs.

However, the reason it's longer for self-employed/freelance/commission-based people is because it takes them longer to regain income (and there's no employer to fall back on), and it's less predictable how long that will be, so they're advised to have about twice as much, hence the 6-12 months, or more. The old standard piece of financial planning advice is 3-6 months of expenses for people with steady, reliable, salaried income.

+ This is helpful because it takes some nebulous "it depends" advice and gives some hard and useful numbers.

That is why it is advisable to be clear about your position while planning your investment, basically if you plan your investment based on your position, it is more likely to be successful. The same investment plan may not be effective for a person with a stable income source and a person with an unstable income source, and even the investment plan may change based on the level of instability. Investing is not a rote science, but a practice that should be continuous.

A person with an unstable income source must build his backup fund very strongly which will suit his situation. You need to have an idea of ​​how unstable your income is and what the maximum level can be.

[Gragebox]

Someone who's income changes monthly and someone with a stable salary and low expenses this two people will have different needs.

However, the reason it's longer for self-employed/freelance/commission-based people is because it takes them longer to regain income (and there's no employer to fall back on), and it's less predictable how long that will be, so they're advised to have about twice as much, hence the 6-12 months, or more. The old standard piece of financial planning advice is 3-6 months of expenses for people with steady, reliable, salaried income.

+ This is helpful because it takes some nebulous "it depends" advice and gives some hard and useful numbers.

That is why it is advisable to be clear about your position while planning your investment, basically if you plan your investment based on your position, it is more likely to be successful. The same investment plan may not be effective for a person with a stable income source and a person with an unstable income source, and even the investment plan may change based on the level of instability. Investing is not a rote science, but a practice that should be continuous.

A person with an unstable income source must build his backup fund very strongly which will suit his situation. You need to have an idea of ​​how unstable your income is and what the maximum level can be.

Your financial situation should always be the starting point for investments, not the asset you'd like to acquire. If you have a salary that stays the same each month, you're usually more able to adhere to a more stringent investment regime; if you're self-employed or your income is irregular, you might need more flexibility. A couple of suggestions: - Keep your rainy-day fund and your investment fund separate.

Don't depend on Bitcoin to be priced high when you need it for rent, groceries, Doctor bills or loan repayments.

People with an irregular income might prefer to keep a larger cash safety buffer to avoid being forced to sell BTC in a downturn. - Instead of committing to a fixed investment amount blindly, try to fund your investment pot as a percentage of your disposable income. If the money dries up, you can decrease the investment amount, but you don't have to step down your plan. Remember, your financial planning shouldn't be a set-in-stone choice: as your income, circumstances and family develop, your investment plan should evolve too.

[Silikiem]

Some guys get it wrong always by maybe increasing their expenses once they notice their sources of income have increased. Instead of trying to maintain and add more allocation to their Bitcoin investment plan and emergency funds they keep for rainy days so that when some problem arises, they can use that money to sort themselves out and maybe make their source of income more reliable in order to earn more and be consistent with the DCA so that their goal will remain unchanged and they can accumulate more Bitcoin.

In fact, in the current situation, the prices of goods and the cost of living have increased, even if you do not want to increase your expenses, it will ultimately increase. Therefore, in addition to reducing expenses, you should increase your new sources of income and for this, you should invest. However, investing in volatile assets like Bitcoin does not mean getting rich overnight.

Those who have been involved in investing in Bitcoin for a long time use their experience to keep their investments safe and invest easily, but it is not very easy for new investors to invest in volatile assets like Bitcoin, if they can't make decisions according to the right plan.

Therefore, before investing in Bitcoin, you should set aside necessary expenses and emergency funds, then if someone has high-interest loans, they should be paid off or other financial obligations should be considered and then an affordable allocation for Bitcoin should be made according to your risk tolerance and DCA is a method of implementing that allocation, but although it does not guarantee any profit itself, it is the most anticipated and effective strategy for successful Bitcoin users.

Before starting investing in bitcoin the only thing to do is to first sort out your basic needs after which the money left with you after sorting out those basic needs should be used to invest in bitcoin immediately. The emergency funds is an important part of our bitcoin investment but those who do not have it available shouldn’t be discouraged not to start buying and investing in bitcoin, they can still get started with bitcoin investment if their discretionary income is ready and as time goes on they can be building the emergency funds along side as they are accumulating and investing in bitcoin. From their discretionary income they can decide how much they want use and buy bitcoin and also how much they will keep for emergency funds building.

[JayJuanGee]

There is a need to do both, yet if guys get quite out of balance, then greater chances come that he is going to be forced into a more balanced position.

This is why it's worth having at least 3-6 months expenses. Not just in case of an unexpected vet bill. That’s not enough.

at least 3-6 months of expenses is a lot, even for someone who had been building his bitcoin for a while.

It could take a couple of years for guys to get up to having 3 months expenses in cash and also 3 months or more of expenses invested into bitcoin .

You may have noticed that job losses tend to correlate well with drawdowns in BTC. In both 2020 and 2022, BTC dropped by 50%+ at the same time there were surges in layoffs. This can be devastating for crypto investors:

We are not investing in crypto.  That would be retarded.

When we are buying bitcoin, we are looking at our own situation, rather than if there happens to be job losses accross various industries, so it is not really clear what you want to say about how any of us might be approaching bitcoin.

You have ONLY been registered here for a month, so have you yet started accumulating bitcoin and/or building up your back up funds?

Maybe you are talking a lot of theory, yet in practice, we are going to be figuring out our own situation that might include whether we have current income coming in and/or if we might expect our income situation to change, and then the same may well be true in regards to figuring out our basic expenses and the extent to which our income covers all of our basic expenses so that we have money left over (aka discretionary income) that we can use for buying bitcoin, saving and/or discretionary consumption.

\
If you lose your job at the same time your portfolio is down 50%, then you’re going to be tempted to sell at the bottom.

Well when we are investing in bitcoin we are taking a certain amount from our discretionary funds to invest in bitcoin and another part for savings, and if we have been building up our bitcoin and out back up funds (savings) for several years, then we will be in a place to weather longer periods of loss of income, and so surely, we should also probably be striving to seek jobs that give us some job security too. If we cannot establish some level of job security, then we might not have confidence that we are able to continue to buy bitcoin, so of course, there could be greater needs to save up greater amounts of money for loss of our job if we don't have any confidence in our ability to continue to be able to work as compared with guys who might have jobs and income that they consider to be more reliable.

If you have an adequate cash cushion, then a drawdown is nothing but a temporary paper loss. Once the 3-6 months of expenses is fully funded, only then should one think about investing in BTC or anything else.

Guys do not have to save 3-6 months of expenses before investing into bitcoin.

Guys can start investing into bitcoin with almost no back up funds as long as they have discretionary funds, and surely, it is probably important that guys have enough back up funds to cover them until their next paycheck, but there is no reason that back up funds have to be built prior to bitcoin holdings unless the guy has such unreliable income that ongoingly, he has no confidence in continued employment.  Many times guys should be able to build up systems in which they are never tapping into their emergency funds even after 4-10 years or longer of investing. 

Sometimes guys might also need to consider if they might be able to increase their job skills and experiences so that they don't have as much job (income) insecurity as you are proclaiming to be present for many guys... and sure there are guys who have bad situations and without discretionary funds, and maybe they should not be investing in bitcoin.

At the same time, if guys are ongoingly focusing on building up back up funds, such as 3-6 months or more, then they may well end up having fun staying poor forever since cash and back up funds are not going to have any potential for growth, and most likely cash  and back up funds are going to end up losing value faster than they can be built, especially once such back up funds get to be greater than 3 months of expenses.

Someone who's income changes monthly and someone with a stable salary and low expenses this two people will have different needs.

However, the reason it's longer for self-employed/freelance/commission-based people is because it takes them longer to regain income (and there's no employer to fall back on), and it's less predictable how long that will be, so they're advised to have about twice as much, hence the 6-12 months, or more. The old standard piece of financial planning advice is 3-6 months of expenses for people with steady, reliable, salaried income.
+ This is helpful because it takes some nebulous "it depends" advice and gives some hard and useful numbers.

Your hard numbers are not very useful since they seem to overly emphasize keeping high levels of cash, which would be a never ending and losing game to be holding so much of that crap and failing/refusing to invest in bitcoin when bitcoin is amongst the best, if not the best place to put value.

I agree with you that guys who might be running their own business, they may well have to maintain higher levels of back up funds, but your numbers of holding 6-12 months of cash would be difficult to maintain, even for rich folk since such cash would be losing 5-10% or more per year in value.. so you are just spinning wheels merely to keep such large quantities of cash... and so your advice is pretty fucking bad, especially for guys who are trying to figure out ways to build a bitcoin investment.