Does the DCA strategy inspire newbies to invest?

[Joeboy]

~snip~

The same thing you would have done to solve the emergency if you didn’t invest in bitcoin, should be done to solve the emergency. If your discretionary income big enough that it enables you to save up emergency funds same time as you are investing, you should do it. But if your discretionary income is not that much, you can start with your bitcoin investment, and build up your emergency funds up gradually when you are few months into your investment.

You don't have to be months into your investment before you see the need to build emergency funds...You could supposedly encounter a few emergency situations about the same  time you kickstart your Bitcoin investment...And if there are no emergency funds handy, you could be depleting your halfway accumulated Bitcoin just so you can attend to that emergency which isn't the best decision as an investor..The point here is that emergency could arise at any time possible, it could be soon or at a later date..The uncertainty of its occurrence is why folks should always prioritize emergency funds at the initial stage of their investments.. Meaning that it is best to divide your discretionary income at the start of your investment into partition, anf then allocate some percentages into investment and then the remaining percentages into building emergency funds respectively...

[Biggeno]

"patience" is important and essential to make your DCA work.

"buy and forget", in this sense, means keep your DCA going but don't worry too much about short-term gain or loss, and ignore market noise.

But you still need to keep an eye on macro, especially in this unprecedented era of AI + crypto, there are still a lot of challenges (quantum compute and AI threat) you need to face and adjustments for you to make along the course.

Because you’re a Newbie, I’ll be lenient with my responds. Let me assume that you didn’t really go through the does and don’t on this forum before trying to initiate conversation or replying to people’s post. It is prohibited in this forum to post AI generated responds, unless it is clearly labeled as AI generated and/or it is used to translate text from one language to another. Here’s the link to go through the does and don’t in this forum so you don’t get tagged as as AI poster.

Mean while, on the account of what you’re responding to, every investor has different source of income same thing applies to the amount of income they’ll receive through out the week or month depending on when they get paid. For an investor. The amount of Bitcoin these investor will be able to accumulate will vary as per what they’re able to come up with as discretionary income, it’s not advisable to go beyond your discretionary income to invest in Bitcoin because it won’t be long before you find yourself running back to your investment to  sell some so you can account for your basic needs, in the case you’re not able to DCA at the end of the week after accounting for your primary expenditures, then you can likely do that in the next week when you’re able to generate discretionary income no matter how small it may be.

[JayJuanGee]

You sound as if you know when an emergency will take place. And the fact that nobody can ever know when an emergency could strike, they should build up their emergency fund and investment the same time because you don't know if it will happen in the next seconds or minutes.

The same thing you would have done to solve the emergency if you didn’t invest in bitcoin, should be done to solve the emergency. If your discretionary income big enough that it enables you to save up emergency funds same time as you are investing, you should do it. But if your discretionary income is not that much, you can start with your bitcoin investment, and build up your emergency funds up gradually when you are few months into your investment.

If you don't have enough discretionary funds to put into both bitcoin and back up funds, then you likely do not have enough discretionary income in order to be buying bitcoin.

If you invest in bitcoin without back up funds, you are gambling, not investing.

You sound as if you know when an emergency will take place. And the fact that nobody can ever know when an emergency could strike, they should build up their emergency fund and investment the same time because you don't know if it will happen in the next seconds or minutes.

The same thing you would have done to solve the emergency if you didn’t invest in bitcoin, should be done to solve the emergency. If your discretionary income big enough that it enables you to save up emergency funds same time as you are investing, you should do it. But if your discretionary income is not that much, you can start with your bitcoin investment, and build up your emergency funds up gradually when you are few months into your investment.

Yes, the main thing is to create an emergency fund so that investments do not fall behind, but even if there is no emergency fund, you need to start investing first,

It is important to start buying bitcoin as soon as you know that you have discretionary funds, but if you have absolutely no back up funds, then you have to make sure that you hold some of your discretionary funds back to put as back up funds...

In other words, you have to have enough discretionary funds to get started buying bitcoin, and if you do not have enough discretionary funds to make sure that you can both buy bitcoin and to keep some for building your back up funds, then you do not have enough to start buying bitcoin.

Bitcoin is an investment not a gamble.

and after starting, you need to maintain the investment consistently and at the same time create an emergency fund.

Sure that is true.  But you cannot start with zero back up funds, and so if you have $100 of discretionary funds, then maybe you put $33.33 into your bitcoin, $33.33 into your back up funds and $33.33 for discretionary consumption.

If you are able to get $100 discretionary income every week and you continue to invest and save in that way for the next 52 weeks, then after a year you would have had invested $1,733, saved $1,733 and discretionarily consumed $1,733.

It can take a while to build up bitcoin and back up funds, especially if a guy has low income (and low discretionary funds available)

An emergency fund is definitely necessary, ignoring it completely will never work, but the main thing is that you can start investing without it,

How does this make sense?  You need it or you don't?

but you need to create it as soon as possible.

Yes.  If you have absolutely no back up funds, you likely have to create it simultaneously, an dit may also not make sense to buy bitcoin if you have less than a week of back up funds to cover your expenses... and guys have to figure out how to build their back up funds and maintain it, but zero is not a correct answer unless you are gambling rather than investing.  I, personally, don't recommend gambling with bitcoin.

It is not possible to sustain investments without an emergency fund, because in any situation, no matter what problem, your investments cannot be damaged in any way, and therefore, an emergency fund must be kept for unexpected situations so that your investments are protected.

Good.  At least you understand the concept.. and you cannot start out with zero, unless you are going to gamble rather than invest with your bitcoin.

But there are many who ignore this, but by ignoring them, they can never sustain their investments, but when they face an unexpected situation, all their plans are turned upside down, because to deal with that situation, they have to sell their investments, which ultimately destroys all your investment plans.

It takes a long time to build up back up funds, so even a person who is investing and saving 10% of their income, they may well ONLY be able to put 5% into each, so by the end of the year, they ONLY have 1/20 of their income in bitcoin and 1/20 in their back up funds..

[edited out

"patience" is important and essential to make your DCA work.
"buy and forget", in this sense, means keep your DCA going but don't worry too much about short-term gain or loss, and ignore market noise.

But you still need to keep an eye on macro, especially in this unprecedented era of AI + crypto, there are still a lot of challenges (quantum compute and AI threat) you need to face and adjustments for you to make along the course.

You are contradicting yourself.

You are saying look at it but don't look at it.

Why can't a person just figure out his position size, and if he is uncomfortable, then adjust the position size down.  If he thinks that he is going to start out investing 10% of his income into bitcoin, but he gets nervous about a variety of factors, and instead decides to invest 7.5% of his income into bitcoin.

He can readjust the investment amount to a higher level at a later point in time if he later decides that he is more comfortable to buy a higher amount (weekly or whatever might be his buying period).

[laijsica]

Discretionary income and emergency fund are two different things. After meeting all your basic expenses, the remaining money or discretionary income can be used to buy Bitcoin according to your situation, increase the fund, and allocate it for personal expenses. But once you designate a portion of your discretionary income as an emergency fund, its purpose changes. You probably know that an emergency fund is money that is kept to meet unexpected needs. But a reserve fund can be relatively flexible and you can buy additional Bitcoin with some of it while maintaining necessary expenses. But under no circumstances should you buy Bitcoin with an emergency fund. Therefore, since an emergency fund is being created from surplus income, the money from that fund should not be used for other purposes at any time.

In my opinion, I believe it is important to keep DCA fairly consistent, but at the same time still within one's budget, and with that said, I think DCA offers the benefit of allowing investors of various income levels to share in Bitcoin accumulation. If, for example, one investor can't DCA as much as another on a regular basis, no one solution is necessarily better, since investors of all incomes have different financial commitments. What's key is to select a DCA amount that one can sustain without giving up on other financial responsibilities, like paying bills or emergency savings. Additionally, some investors may become discouraged when they start DCA. This is because the amount of Bitcoin you buy may be small at first, but with time can total to a large sum. The main concern of investors should be, just as with dollar cost averaging, is the patience, and a sustainable plan to long-term Bitcoin accumulation.

"patience" is important and essential to make your DCA work.

"buy and forget", in this sense, means keep your DCA going but don't worry too much about short-term gain or loss, and ignore market noise.

But you still need to keep an eye on macro, especially in this unprecedented era of AI + crypto, there are still a lot of challenges (quantum compute and AI threat) you need to face and adjustments for you to make along the course.

DCA method should be done as a long term investment strategy. In this method, you must be patient and have a reliable source of income, only then it will be easy to run DCA for 4-10 years. One of the many good aspects of depositing Bitcoin in this method is the simple strategy. If you want to deposit Bitcoin in this method, it is better not to try to make short term profits. Short term planning is compared to trading and the risk of trading is much like gambling.
It is certainly good to be aware of the macroeconomic situation, but accumulate Bitcoin based on your own financial capacity. If you want to take a risk-tolerant strategy you need to balance your investment plan with the amount of financial capacity you actually have.

[Gragebox]

DCA method should be done as a long term investment strategy. In this method, you must be patient and have a reliable source of income, only then it will be easy to run DCA for 4-10 years. One of the many good aspects of depositing Bitcoin in this method is the simple strategy. If you want to deposit Bitcoin in this method, it is better not to try to make short term profits. Short term planning is compared to trading and the risk of trading is much like gambling.
It is certainly good to be aware of the macroeconomic situation, but accumulate Bitcoin based on your own financial capacity. If you want to take a risk-tolerant strategy you need to balance your investment plan with the amount of financial capacity you actually have.

Dollar-cost averaging is a relatively easy approach to investing; however, consistency must never be pursued to the detriment of financial safety. The first thing one needs to do before implementing it is save some money for emergencies and establish a steady source of income to allow oneself to keep acquiring bitcoins even when the market is falling. What everyone who starts learning about DCA has to understand is that this investment method does not ensure profitability and protection from market fluctuations. Instead, it makes it less stressful to try to determine the right entry point. Some of the purchases will be done at higher prices, while others at lower. In such a way, it becomes easier to acquire a certain amount of coins independently of predictions regarding the market situation. As for my personal opinion, the most successful approach to investing in cryptocurrencies is doing it gradually and at your own pace, purchasing only as much as you can afford to store for several years.

[Merit.s]

The first thing one needs to do before implementing it is save some money for emergencies and establish a steady source of income to allow oneself to keep acquiring bitcoins even when the market is falling.

You don't need to build your emergency funds first before you can use DCA strategy to accumulate bitcoin. In fact, any investor that doesn't have emergency funds before he decides to invest into bitcoin can start his bitcoin investment immediately, provided that he has his discretionary income available. You can build your emergency funds along side with your bitcoin investment as you are DCAing every week.

If you want to wait to build an emergency funds before you can DCA, you will end up being a low coiner because it takes more than a year for people with low income to build their emergency funds of three months of their income. You are still a no coiner and there's no point staying a no coiner and miss out a lot of opportunities that you can use to grow your bitcoin investment to a certain height. What you need to start your bitcoin investment is discretionary income and not stable income. Some stable income have no discretionary income.

[Decimetre]

DCA method should be done as a long term investment strategy. In this method, you must be patient and have a reliable source of income, only then it will be easy to run DCA for 4-10 years. One of the many good aspects of depositing Bitcoin in this method is the simple strategy. If you want to deposit Bitcoin in this method, it is better not to try to make short term profits. Short term planning is compared to trading and the risk of trading is much like gambling.
It is certainly good to be aware of the macroeconomic situation, but accumulate Bitcoin based on your own financial capacity. If you want to take a risk-tolerant strategy you need to balance your investment plan with the amount of financial capacity you actually have.

Dollar-cost averaging is a relatively easy approach to investing; however, consistency must never be pursued to the detriment of financial safety. The first thing one needs to do before implementing it is save some money for emergencies and establish a steady source of income to allow oneself to keep acquiring bitcoins even when the market is falling. What everyone who starts learning about DCA has to understand is that this investment method does not ensure profitability and protection from market fluctuations. Instead, it makes it less stressful to try to determine the right entry point. Some of the purchases will be done at higher prices, while others at lower. In such a way, it becomes easier to acquire a certain amount of coins independently of predictions regarding the market situation.

At this point, I will encourage beginners to do more readings instead of assuming that they're smart enough to assume whatever innate knowledge they think would work for them. Beginners have to start sorting their source of information especially in this thread and other threads that give true teachings of what a beginner should do in order not to do his investment wrongly.

Several replies here have said it that you do not need to accumulate your emergency funds first before you start buying your bitcoin because you can do it together as you start buying bitcoin. The first thing you are to do is to get off that stage of a no coiner which will get you started. When you you have started, you can share your Discretionary income accordingly into the one to invest with and the one to use for emergency funds and backup funds. You also have to think of your life and also keep some money that you will be using to take care of yourself called discretionary enjoyment.

As for my personal opinion, the most successful approach to investing in cryptocurrencies is doing it gradually and at your own pace, purchasing only as much as you can afford to store for several years.

The term Cryptocurrencies used in this context has jeopardize the good concept you have here. Most other cryptocurrencies are regarded as shitcoins and the approach of DCA can not save your ass from the vulnerability to that comes from investing in shitcoins.

If you mean buying bitcoin at your own pace, then you're right because it will help you maintain a relaxed mind while accumulating your bitcoin because you're doing it within your financial capacities and not doing it so aggressively that it will cause you financial stress.

[Obulis]

This your statement is giving the impression that emergency fund can be postponed till later, but that’s wrong. Since the person has discretionary income available already and has divided it into three parts. He can start building backup funds alongside buying bitcoin from the portions. He doesn’t have to wait until later before you figure out how to build backup funds when the two can actually go at the same time.

The fact that someone start their Bitcoin investment without emergency funds doesn't mean they postponed it or it doesn't mean it is not important but rather it is what is right to do. Whenever, someone has a discrestionary income available but no emergency funds yet, you don't have to get emergency funds before starting but you should endeavor to set it up before you encounter any challenge in your Bitcoin investment that may cost you a lot. Sadly, one's emergency funds can never be sufficient enough as we don't know the kind of emergency that may come up.

Discretionary funds can be spent in three main ways, invest, savings (backup/emergency funds) and discretionary consumption.

https://bitcointalk.org/index.php?topic=5132720.msg67326243#msg67326243

That's to say that from our discretionary funds, we accumulate Bitcoin (invest) and as well building emergency funds (save). So on the matter of starting Bitcoin accumulation without emergency funds, it can just be a matter priority from the beginning and that's not because of matter of importance because both are important but it is just about time and factors. So starting to invest before beginning to build emergency funds along the line is not a bad idea as long as it wouldn't necessarily take too long before you gradually begin to build your emergency funds as investment keep growing.

[Female King]

DCA method should be done as a long term investment strategy. In this method, you must be patient and have a reliable source of income, only then it will be easy to run DCA for 4-10 years. One of the many good aspects of depositing Bitcoin in this method is the simple strategy. If you want to deposit Bitcoin in this method, it is better not to try to make short term profits. Short term planning is compared to trading and the risk of trading is much like gambling.
It is certainly good to be aware of the macroeconomic situation, but accumulate Bitcoin based on your own financial capacity. If you want to take a risk-tolerant strategy you need to balance your investment plan with the amount of financial capacity you actually have.

To get started with your bitcoin investment you don't need to have a reliable or a steady source of income, what that is required to get started with your investment is having your discretionary income available because that is what you need to start buying bitcoin, it's possible to have a reliable source of income without still figuring out any discretionary income after you have settled all your necessary needs, so to get started what is needed is your discretionary income and not a reliable source of income.

You don't need to build your emergency funds first before you can use DCA strategy to accumulate bitcoin. In fact, any investor that doesn't have emergency funds before he decides to invest into bitcoin can start his bitcoin investment immediately, provided that he has his discretionary income available. You can build your emergency funds along side with your bitcoin investment as you are DCAing every week.

If you want to wait to build an emergency funds before you can DCA, you will end up being a low coiner because it takes more than a year for people with low income to build their emergency funds of three months of their income. You are still a no coiner and there's no point staying a no coiner and miss out a lot of opportunities that you can use to grow your bitcoin investment to a certain height. What you need to start your bitcoin investment is discretionary income and not stable income. Some stable income have no discretionary income.

Emergency funds is important as a bitcoin investor, if it's also available before getting started that's also good, but if you know it will take you sometime to gather up some back up funds from your discretionary funds it will be better not to get started that's if your discretionary funds is small that you can't sort out your emergency funds, your investment should be kept on hold because emergency can come unexpected, it will be gambling and not an investment for anyone start buying bitcoin without an emergency funds.

[I_Anime]

This your statement is giving the impression that emergency fund can be postponed till later, but that’s wrong. Since the person has discretionary income available already and has divided it into three parts. He can start building backup funds alongside buying bitcoin from the portions. He doesn’t have to wait until later before you figure out how to build backup funds when the two can actually go at the same time.

The fact that someone start their Bitcoin investment without emergency funds doesn't mean they postponed it or it doesn't mean it is not important but rather it is what is right to do. Whenever, someone has a discrestionary income available but no emergency funds yet, you don't have to get emergency funds before starting but you should endeavor to set it up before you encounter any challenge in your Bitcoin investment that may cost you a lot. Sadly, one's emergency funds can never be sufficient enough as we don't know the kind of emergency that may come up.

Discretionary funds can be spent in three main ways, invest, savings (backup/emergency funds) and discretionary consumption.

https://bitcointalk.org/index.php?topic=5132720.msg67326243#msg67326243

That's to say that from our discretionary funds, we accumulate Bitcoin (invest) and as well building emergency funds (save). So on the matter of starting Bitcoin accumulation without emergency funds, it can just be a matter priority from the beginning and that's not because of matter of importance because both are important but it is just about time and factors. So starting to invest before beginning to build emergency funds along the line is not a bad idea as long as it wouldn't necessarily take too long before you gradually begin to build your emergency funds as investment keep growing.

Some folks think their entire discretionary income should be used to buy Bitcoin. Which is not completely true , discretionary income is the leftover fund after all essential expenses are covered. Then, discretionary income is further into different sector which you have already mentioned (investment, emergency/backup funds etc.).

Like usually say there’s no need to make your bitcoin investment complex . Instead of building your emergency funds first and procrastinating your investment, you can actually run both at same pace . Building your emergency fund while you accumulate.

[Silikiem]

Dollar-cost averaging is a relatively easy approach to investing; however, consistency must never be pursued to the detriment of financial safety. The first thing one needs to do before implementing it is save some money for emergencies and establish a steady source of income to allow oneself to keep acquiring bitcoins even when the market is falling. What everyone who starts learning about DCA has to understand is that this investment method does not ensure profitability and protection from market fluctuations. Instead, it makes it less stressful to try to determine the right entry point. Some of the purchases will be done at higher prices, while others at lower. In such a way, it becomes easier to acquire a certain amount of coins independently of predictions regarding the market situation. As for my personal opinion, the most successful approach to investing in cryptocurrencies is doing it gradually and at your own pace, purchasing only as much as you can afford to store for several years.

It is better to be invested in bitcoin than waiting and delaying it because you want to build an emergency funds first. Let me ask you, how much emergency funds do you think that a beginner should first build before they can start investing in bitcoin? Let’s assume according to your date of joining the forum since 3 years ago and you started building the emergency funds back then how much of the emergency funds do you think you had built up now, and then compare it to if you had been invested in bitcoin 3 years ago. Bitcoin investment should be started immediately you have a discretionary income and from that same discretionary income you can get the emergency funds from also by using some part of it to buy bitcoin and using other part for building emergency funds. That way it will be more better compared to when you’re just saving emergency funds without buying bitcoin and HODL.

The same goes to you trying to establish a steady source of income before investing in bitcoin. You must not establish a steady source of income before investing in bitcoin since the only income you’ll be needing is just a discretionary income which usually comes after sorting out our basic necessities. Discretionary income must not come steady if you must know because there are times when our basic financial responsibilities are higher that we usually end up using all our income to settle basic needs so at that moment you will not be able to remain a discretionary income to use and buy bitcoin, save for emergency funds and other discretionary spending. Whether a steady income source or not, what matters most is to figure out a discretionary income to use in buying bitcoin.

[Hardyrobust]

You sound as if you know when an emergency will take place. And the fact that nobody can ever know when an emergency could strike, they should build up their emergency fund and investment the same time because you don't know if it will happen in the next seconds or minutes.

The same thing you would have done to solve the emergency if you didn’t invest in bitcoin, should be done to solve the emergency. If your discretionary income big enough that it enables you to save up emergency funds same time as you are investing, you should do it. But if your discretionary income is not that much, you can start with your bitcoin investment, and build up your emergency funds up gradually when you are few months into your investment.

It is not ideal to be investing in bitcoin without having an emergency funds because holding bitcoin for a long term may not be possible. So it is good to be building our emergency funds along side our bitcoin investment incase of any unforeseen events it can easily be resolved using the emergency funds instead of selling our bitcoin. Investing in bitcoin without any form backup funds especially emergency funds is the same as trading and if you dont have enough discretionary income to be able to establish an emergency funds and while still buying bitcoin it will best to stop buying because what the person is doing is trading.

[abaeze]

It is not ideal to be investing in bitcoin without having an emergency funds because holding bitcoin for a long term may not be possible. So it is good to be building our emergency funds along side our bitcoin investment incase of any unforeseen events it can easily be resolved using the emergency funds instead of selling our bitcoin. Investing in bitcoin without any form backup funds especially emergency funds is the same as trading and if you dont have enough discretionary income to be able to establish an emergency funds and while still buying bitcoin it will best to stop buying because what the person is doing is trading.

Someone may do DCA regularly to hold Bitcoin for the long term, while someone is trading to profit from short-term price fluctuations. Then the risk situation of the two isn't the same, nor is their objective the same. One may have weaknesses in their financial planning, but that alone doesn't make their work trading.

On the other hand, I don't agree with stopping buying Bitcoin completely if you don't have the ability to build an emergency fund because it wastes opportunities and time also creates reluctance to invest. Rather, it is possible to continue buying emergency funds and Bitcoin through DCA at the same time, although in small amounts, so that both investment and emergency fund functions can be managed simultaneously without making trade-offs. Later, if you feel that you have built up a sufficient amount of emergency funds, you can focus more on investing in Bitcoin.

[Yablee0]

With a gradual and a consistent accumulation of bitcoin you may not need alot of money to increase your BTC stash, many investors that have large portion of bitcoin in their possession start buying gradually using the dca strategy, they did wait until they have a lot of money before they got started, they started small gradually increase their bitcoin portfolio, this is also one of the importants of the dca strategy if you accumulate with it consistently for a long time will be able to accumulate enough BTC.

I agree with you on this point you've raised. We don't have to wait till enternity or when we've gathered enough money before kick starting an investment. Because our discretionary funds from our little earnings is enough to start up and before you know it you are there. There's this saying that a thousand miles always begin with just a single step, the most important thing there is to make up your mind that you can achieve it and that's what matter.

Furthermore, I'm encouraging new investors not to be mislead in their Bitcoin accumulation journey, they shouldn't feel less or  intimidated that they can't make it in their investment based on their little financial capability, the maths there is just to stay focused, consistent in your accumulations, strick discipline mindsets and above all ensure to set up a target through a long-term time frame and  all will be well.  Moreover, no success is build on a platter of gold, there are always price and sacrifice you need to pay before attaining such level and this looks like one of it.

[Olatundespo]

You sound as if you know when an emergency will take place. And the fact that nobody can ever know when an emergency could strike, they should build up their emergency fund and investment the same time because you don't know if it will happen in the next seconds or minutes.

The same thing you would have done to solve the emergency if you didn’t invest in bitcoin, should be done to solve the emergency. If your discretionary income big enough that it enables you to save up emergency funds same time as you are investing, you should do it. But if your discretionary income is not that much, you can start with your bitcoin investment, and build up your emergency funds up gradually when you are few months into your investment.

It is not ideal to be investing in bitcoin without having an emergency funds because holding bitcoin for a long term may not be possible. So it is good to be building our emergency funds along side our bitcoin investment incase of any unforeseen events it can easily be resolved using the emergency funds instead of selling our bitcoin. Investing in bitcoin without any form backup funds especially emergency funds is the same as trading and if you dont have enough discretionary income to be able to establish an emergency funds and while still buying bitcoin it will best to stop buying because what the person is doing is trading.

Securing Bitcoin holdings without an emergency fund can be difficult because it is not easy to predict when you will need emergency funds. But this is not to say that you should stop buying Bitcoin. Rather, if an investor does not have an emergency fund and has a portion of discretionary income/available funds for Bitcoin accumulation that would have been used to buy Bitcoin, for example $50, you can divide this fund into two parts and allocate half for Bitcoin and the other half for an emergency fund. Without stopping buying Bitcoin, I think it would be fair for an investor to use this method and reach a good position in investing and be able to build a large Bitcoin portfolio.

[Princess Leah]

Securing Bitcoin holdings without an emergency fund can be difficult because it is not easy to predict when you will need emergency funds. But this is not to say that you should stop buying Bitcoin. Rather, if an investor does not have an emergency fund and has a portion of discretionary income/available funds for Bitcoin accumulation that would have been used to buy Bitcoin, for example $50, you can divide this fund into two parts and allocate half for Bitcoin and the other half for an emergency fund. Without stopping buying Bitcoin, I think it would be fair for an investor to use this method and reach a good position in investing and be able to build a large Bitcoin portfolio.

at first it might seem less important since it doesn't stop the investor from buying and holding until an emergency situation happens and the investor is forced to sell the holdings or some of it to attend to the situation, that’s when the importance of having an emergency fund would be realised so to avoid regrets it's good to have it ( the emergency funds) available.

 Building an emergency fund doesn't stop someone from buying Bitcoin cause even though both can be gotten from the discretionary fund, they're of different purposes moreover an investor is not supposed to use all the discretionary funds for investment alone or building emergency funds alone.

[Rockson1]

It is not ideal to be investing in bitcoin without having an emergency funds because holding bitcoin for a long term may not be possible. So it is good to be building our emergency funds along side our bitcoin investment incase of any unforeseen events it can easily be resolved using the emergency funds instead of selling our bitcoin. Investing in bitcoin without any form backup funds especially emergency funds is the same as trading and if you dont have enough discretionary income to be able to establish an emergency funds and while still buying bitcoin it will best to stop buying because what the person is doing is trading.

Are you suggesting that one should have an emergency funds before they can invest in? Like are you using that it should be the first thing an intending investor should do before the can invest i want to get your point.

If that is what you actually meant, is there anywhere that it was said that an investor has to build an emergency funds first before they can start acumulating their Bitcoin, I agree with you on how crucial emergency funds is to our Bitcoin investment but I also want you to get the point that you one can start his bitcoin investment and create emergency concomitantly instead creating the emergency funds first.

[Abbatty]

It is not ideal to be investing in bitcoin without having an emergency funds because holding bitcoin for a long term may not be possible. So it is good to be building our emergency funds along side our bitcoin investment incase of any unforeseen events it can easily be resolved using the emergency funds instead of selling our bitcoin. Investing in bitcoin without any form backup funds especially emergency funds is the same as trading and if you dont have enough discretionary income to be able to establish an emergency funds and while still buying bitcoin it will best to stop buying because what the person is doing is trading.

Are you suggesting that one should have an emergency funds before they can invest in? Like are you using that it should be the first thing an intending investor should do before the can invest i want to get your point.

If that is what you actually meant, is there anywhere that it was said that an investor has to build an emergency funds first before they can start acumulating their Bitcoin, I agree with you on how crucial emergency funds is to our Bitcoin investment but I also want you to get the point that you one can start his bitcoin investment and create emergency concomitantly instead creating the emergency funds first.

The thing is we shouldn’t let not having emergency funds delay or rule out out investment but it is very ideal to have an emergency funds. We can’t for any reason delay investing in bitcoin so long we have our discretionary income, so as soon as we start to invest we should put in mind that we need more discretionary income to start saving for emergency funds.

In some cases, if we have a bit high of discretionary income we can the decide to move maybe 10 or 20 percent of it into saving for emergency funds. We can’t because we don’t want to delay our investment forget to save up entirely for emergency funds.

[Nuel0717]

It is not ideal to be investing in bitcoin without having an emergency funds because holding bitcoin for a long term may not be possible. So it is good to be building our emergency funds along side our bitcoin investment incase of any unforeseen events it can easily be resolved using the emergency funds instead of selling our bitcoin. Investing in bitcoin without any form backup funds especially emergency funds is the same as trading and if you dont have enough discretionary income to be able to establish an emergency funds and while still buying bitcoin it will best to stop buying because what the person is doing is trading.

Are you suggesting that one should have an emergency funds before they can invest in? Like are you using that it should be the first thing an intending investor should do before the can invest i want to get your point.

If that is what you actually meant, is there anywhere that it was said that an investor has to build an emergency funds first before they can start acumulating their Bitcoin, I agree with you on how crucial emergency funds is to our Bitcoin investment but I also want you to get the point that you one can start his bitcoin investment and create emergency concomitantly instead creating the emergency funds first.

Don't misunderstand him, he didn't say that, where he said the emergency funds can be built along side our Bitcoin investment is clear enough for you to understand that he never meant people should have an emergency funds first before investing but they should build them simultaneously as said by my mentor JayJuanGee.

If he thought the emergency funds should be built first before investing then I doubt the would talked about building them together,  ge understands the concept and even stated that people shouldn't gamble with their investment by disregarding the emergency funds.

[ASloveapg]

It is not ideal to be investing in bitcoin without having an emergency funds because holding bitcoin for a long term may not be possible. So it is good to be building our emergency funds along side our bitcoin investment incase of any unforeseen events it can easily be resolved using the emergency funds instead of selling our bitcoin. Investing in bitcoin without any form backup funds especially emergency funds is the same as trading and if you dont have enough discretionary income to be able to establish an emergency funds and while still buying bitcoin it will best to stop buying because what the person is doing is trading.

Are you suggesting that one should have an emergency funds before they can invest in? Like are you using that it should be the first thing an intending investor should do before the can invest i want to get your point.

If that is what you actually meant, is there anywhere that it was said that an investor has to build an emergency funds first before they can start acumulating their Bitcoin, I agree with you on how crucial emergency funds is to our Bitcoin investment but I also want you to get the point that you one can start his bitcoin investment and create emergency concomitantly instead creating the emergency funds first.

There is no rule that you have to build an emergency fund before investing. If someone wants, they can buy Bitcoin at the same time. And they can also build an emergency fund. It may take many months or years to build an emergency fund. I don't think there is a need to stop buying Bitcoin during this entire time.

Someone has $100 extra every month after meeting their essential expenses. If they want, they can buy Bitcoin with $50 of this and deposit the remaining $50 for an emergency fund. In this way, they can collect Bitcoin regularly on the one hand and also gradually increase their emergency savings. Some people have high incomes, while others have very limited incomes. Therefore, it would not be right to ask everyone to invest or save the same amount of money. Everyone should make a decision based on their own income.

There is no need to wait to buy Bitcoin until the emergency fund is built. However, this does not mean that all the extra money, excluding emergency savings, should be invested in Bitcoin. The purpose of an emergency fund is to provide financial assistance in times of danger. On the one hand, Bitcoin collection will continue, on the other hand, money will also be deposited for future emergency needs.