Balancing Financial security and Bitcoin Accumulation

[Regardme]

you are correct buying bitcoin aggressively is not a bad thing provided you buying it within your Discretionary income and not with your emergency fund or with the money met for settling your basic needs and your expenses. In my own opinion Being aggressive becomes bad when you are buying bitcoin with your emergency or with the money met for your basic needs and expenses, because it can endanger your bitcoin investment and  can make you sell off your bitcoin investment at early stage of accumulation in lost. Less assume someone want to be aggressive in buying bitcoin and then went head to buy bitcoin with his or her emergency fund and emergencies arise along the line so which fund do the person intend to use in handling those emergencies since he or she has already invested his or her emergency fund in bitcoin all in the name of trying to be aggressive in buying bitcoin. Or less say someone bought bitcoin with the money met for his or her basic needs and expenses, so tell how those the person intend to sustain and still able to hold his or her bitcoin for long term? If not selling off his or her bitcoin investment in easily stage of accumulation in lost. The truth is if an investor is consistence in buying bitcoin he or she will definitely reach his or her accumulation target, so instead of endangering your bitcoin investment all the name trying to aggressive in buying bitcoin, just be consistence and committed.

I disagree with you on this. Emergency funds isn’t for investment, first you’ll have to understand what emergency funds is which I’ll define it; An emergency funds is savings set aside for unexpected expenses or financial emergencies for example, in the case of losing your job, medical bills, car repairs and all that. No one is his right senses would think of by Bitcoin aggressively with an emergency funds. A real investor understands what discretionary funds are and what emergency funds are, and as such can’t mix both together, because it’s serving a different purpose. .

@Regardme, are you actually disagreeing or disagreeing with Joy- maker  thoughts on emergency funds use? Because from all you have said from your first paragraph I don't see a difference in your supposed disagreement from what Joy- maker explained about what emergency funds stands for and how and meant for. Except you just want to rephrase some of the explanations, otherwise we all should know the difference between discretionary funds and emergency funds, and how to go about a healthy aggressive accumulative buying of bitcoin.

let’s get this right, I’m disagreeing with her on the note that she’s trying to state that buying aggressively becomes bad when you use your emergency funds. No investor uses an emergency funds to buy aggressively, that’s why I explained what’s emergency fund is and also what buying aggressively means. Emergency funds isn’t funds for investment, that’s what I’m trying to let her understand.

[Emjay24]

Again we should understand what buying aggressively mean; It can mean large capital allocation or purchasing at a high volume. And a discretionary funds are funds that is left over after all the expenses and bill payments. One must be a high income earner to say he’s buying aggressively with his discretionary funds.

You must not be a high income rather to buy aggressively. Aggressiveness is the measure of the quantity of your discretionary income that you invest into Bitcoin without overdoing it and causing stress to yourself in the process.

Aggressiveness is investor specific, and an investor can be more aggressive than the other while not necessarily investing a higher amount than the latter .

For example, an investor who has $300 discretionary income on a monthly basis and chooses to invest $180  out of it into Bitcoin which is 60% is more aggressive than another investor who has $1000 discretionary income monthly and invest $500 into Bitcoin which is 50% irrespective of the fact that the second investor puts more funds into Bitcoin. This is because the first investor puts in a higher fraction of his discretionary income into purchasing Bitcoin therefore he shows more aggressiveness in his accumulation journey.

[Proty]

Buying aggressively is never a bad thing if it's done within your discretionary income, it's a healthy practice used to increase the stash of your Bitcoin faster, where the problem lies is when you are doing it from money meant for your basic needs or money that is not your discretionary income, if it's within your discretionary income, I don't think anything is wrong about that because your emergency  and reserve funds are there already to bail you out in case of any emergencies that may arise in the future.
Additionally, those that are at the beginning of their accumulation journey are those that needs it the most because they are seriously lacking behind, but it should only be done within their discretionary income, as long as it's done that way their is no problem about that.

you are correct buying bitcoin aggressively is not a bad thing provided you buying it within your Discretionary income and not with your emergency fund or with the money met for settling your basic needs and your expenses. In my own opinion Being aggressive becomes bad when you are buying bitcoin with your emergency or with the money met for your basic needs and expenses, because it can endanger your bitcoin investment and  can make you sell off your bitcoin investment at early stage of accumulation in lost. Less assume someone want to be aggressive in buying bitcoin and then went head to buy bitcoin with his or her emergency fund and emergencies arise along the line so which fund do the person intend to use in handling those emergencies since he or she has already invested his or her emergency fund in bitcoin all in the name of trying to be aggressive in buying bitcoin. Or less say someone bought bitcoin with the money met for his or her basic needs and expenses, so tell how those the person intend to sustain and still able to hold his or her bitcoin for long term? If not selling off his or her bitcoin investment in easily stage of accumulation in lost. The truth is if an investor is consistence in buying bitcoin he or she will definitely reach his or her accumulation target, so instead of endangering your bitcoin investment all the name trying to aggressive in buying bitcoin, just be consistence and committed.

I disagree with you on this. Emergency funds isn’t for investment, first you’ll have to understand what emergency funds is which I’ll define it; An emergency funds is savings set aside for unexpected expenses or financial emergencies for example, in the case of losing your job, medical bills, car repairs and all that. No one is his right senses would think of by Bitcoin aggressively with an emergency funds. A real investor understands what discretionary funds are and what emergency funds are, and as such can’t mix both together, because it’s serving a different purpose.

Again we should understand what buying aggressively mean; It can mean large capital allocation or purchasing at a high volume. And a discretionary funds are funds that is left over after all the expenses and bill payments. One must be a high income earner to say he’s buying aggressively with his discretionary funds.

On hearing the name "emergency funds" one should understand what it's mean you, yes an emergency fund shouldn't be used for investment, it's main purpose is to serve as an available money to solve problems in times of emergency, as humans we should be prepared for a worst case scenario, therefore an emergency fund is meant to be set aside for cases like that, it's very different from the funds used for investment.

 Although sometimes it can be very tempting to use the emergency funds to buy bitcoin when the market dips but as an investor you should be disciplined enough to know the right thing to do and it's never investing with the emergency funds, the funds that's required for investment is the discretionary funds.

I really love the point you have made here. Emergency just like the name suggests is purely for emergency sake . So it will be unwise for an investor to invest with it, infact investing with emergency funds is not really an investment to me the person is just gambling because when ever emergency surfaces during the process of accumulating or trying to build up a portfolio they will have to temper with there investment which is more like gambling. Discretionary income is what we can invest with an not emergency funds.

[JayJuanGee]

One must be a high income earner to say he’s buying aggressively with his discretionary funds.

That is not true.

Anyone who has discretionary income can choose how to spend such discretionary income.  There are some folks who have $10 per week of discretionary income and there are others who have $1k or more per week of discretionary income.  The level of aggressiveness has to do with what proportion of their discretionary income are they using to buy bitcoin.

I would suggest that if they are using 70% or above of their discretionary income to buy bitcoin, then they are being aggressive, and if they are using less than 10% of their discretionary income to buy bitcoin, then they are likely being whimpy.

People completely have the right to choose whether or not to invest in bitcoin and their level of aggressiveness, and their choices (and actions) have consequences that they will live with either way, whether they choose to invest in bitcoin or not and if they do what level of aggressiveness they choose.

For sure if a person is new to investing and if a person does not have back up funds, then likely he would need to build that from his discretionary income, so maybe as a person is first getting used to investing into bitcoin, he ends up having to choose a lower level of aggressiveness while he is building up his backup funds, and once he is comfortable with his level of back up funds, then he is in a better place to increase his level of aggressiveness.   Guys can have emergency funds and reserve funds... You are right that usually we would consider emergency funds as not being used for buying bitcoin., but that might also be a judgement call in terms of how the various kinds of back up funds are being categorized and used and if there is enough of them, but yeah, generally speaking buying bitcoin does not seem like an emergency, even if the price dips, but people have to figure out these matters, and if they end up prematurely draining their back up funds, they might find themselves in a bad position if they don't have any back up funds and then an emergency happens.. such as a drop in income and/or an increase in expenses, and they are left with no choice but to tap into their bitcoin investment at a time that was not completely of their own choosing, but they had put themselves in such position due to sloppy cashflow management practices.

If people have other obligations with their discretionary funds, then they might not be in a position to be more aggressive unless they cut their other obligations, which they may or may not be willing to do.

[laijsica]

[Edited out]

Still, some investors struggle to find discretionary income from their income stream and the level of struggle and periodic efforts to  $10-$20 Bitcoin (per week) over time as consistent efforts can lead to a decent level in the future.

You still tend to make bitcoin investment look like a do or die affair. When someone's income is not able to handle his basic responsibilities making it hard for him to generate a discretionary income, how do you still advise the person to invest? First is having your discretionary income ready. Some low income Earners don't have enough to keep a family. I would suggest that in that case, an alternative source of income is advised. With this income source, a person can now invest in bitcoin with the discretionary income that he generates from there. Bitcoin is not a death sentence, you don't invest at the expense of your basic responsibilities.

I think you missed the point. You need to be long-term in investing and you need to be competent in the basics for example, if you are new to Bitcoin investing, you need to understand what discretionary income is, where it comes from and how much discretionary income is good for you. It is better to accumulate Bitcoin from your ongoing discretionary income than to have discretionary income ready. Discretionary income saved for Bitcoin investment may be spent or wasted on other sectors, so you should focus on accumulation Bitcoin immediately every week or every month.

Discretionary income is the amount left after meeting the basic needs of the family. If you do not know this basic concept, you should be interested in knowing. If someone tells you that investment is the first priority, then he is completely confused and wants to make you poor.

[ruykeri]

One must be a high income earner to say he’s buying aggressively with his discretionary funds.

That is not true.

Anyone who has discretionary income can choose how to spend such discretionary income.  There are some folks who have $10 per week of discretionary income and there are others who have $1k or more per week of discretionary income.  The level of aggressiveness has to do with what proportion of their discretionary income are they using to buy bitcoin.

I would suggest that if they are using 70% or above of their discretionary income to buy bitcoin, then they are being aggressive, and if they are using less than 10% of their discretionary income to buy bitcoin, then they are likely being whimpy.

People completely have the right to choose whether or not to invest in bitcoin and their level of aggressiveness, and their choices (and actions) have consequences that they will live with either way, whether they choose to invest in bitcoin or not and if they do what level of aggressiveness they choose.

For sure if a person is new to investing and if a person does not have back up funds, then likely he would need to build that from his discretionary income, so maybe as a person is first getting used to investing into bitcoin, he ends up having to choose a lower level of aggressiveness while he is building up his backup funds, and once he is comfortable with his level of back up funds, then he is in a better place to increase his level of aggressiveness.   Guys can have emergency funds and reserve funds... You are right that usually we would consider emergency funds as not being used for buying bitcoin., but that might also be a judgement call in terms of how the various kinds of back up funds are being categorized and used and if there is enough of them, but yeah, generally speaking buying bitcoin does not seem like an emergency, even if the price dips, but people have to figure out these matters, and if they end up prematurely draining their back up funds, they might find themselves in a bad position if they don't have any back up funds and then an emergency happens.. such as a drop in income and/or an increase in expenses, and they are left with no choice but to tap into their bitcoin investment at a time that was not completely of their own choosing, but they had put themselves in such position due to sloppy cashflow management practices.

If people have other obligations with their discretionary funds, then they might not be in a position to be more aggressive unless they cut their other obligations, which they may or may not be willing to do.

You are absolutely right. How aggressively a person will invest in Bitcoin depends on both their discretionary income and their mindset. However, proper fund management is most important before investing. One must create an emergency fund and a reserve fund in advance. If someone has good cash flow, they can invest in Bitcoin on the one hand, and at the same time build up these backup funds for themselves. And when his funds feel full, he can increase the amount of investment in Bitcoin according to his needs.

The whole idea you presented is very important and realistic .A new investor starts investing using the DCA method for a long time , then in the future when he reaches a certain level, he follows the 200-WMA rule for sustainable withdrawal.  he can easily run his life through it without any financial uncertainty.
But I am still not clear on one thing that is, if someone wants to start investing using the DCA method for a period of 10 years from now,
So what is the minimum amount of dollars he needs to invest per month so that after 10 years he can make sustainable withdrawals and live comfortably?

[Merit.s]

One must be a high income earner to say he’s buying aggressively with his discretionary funds.

That is not true.

Anyone who has discretionary income can choose how to spend such discretionary income.  There are some folks who have $10 per week of discretionary income and there are others who have $1k or more per week of discretionary income.  The level of aggressiveness has to do with what proportion of their discretionary income are they using to buy bitcoin.

I would suggest that if they are using 70% or above of their discretionary income to buy bitcoin, then they are being aggressive, and if they are using less than 10% of their discretionary income to buy bitcoin, then they are likely being whimpy.

People completely have the right to choose whether or not to invest in bitcoin and their level of aggressiveness, and their choices (and actions) have consequences that they will live with either way, whether they choose to invest in bitcoin or not and if they do what level of aggressiveness they choose.

For sure if a person is new to investing and if a person does not have back up funds, then likely he would need to build that from his discretionary income, so maybe as a person is first getting used to investing into bitcoin, he ends up having to choose a lower level of aggressiveness while he is building up his backup funds, and once he is comfortable with his level of back up funds, then he is in a better place to increase his level of aggressiveness.   Guys can have emergency funds and reserve funds... You are right that usually we would consider emergency funds as not being used for buying bitcoin., but that might also be a judgement call in terms of how the various kinds of back up funds are being categorized and used and if there is enough of them, but yeah, generally speaking buying bitcoin does not seem like an emergency, even if the price dips, but people have to figure out these matters, and if they end up prematurely draining their back up funds, they might find themselves in a bad position if they don't have any back up funds and then an emergency happens.. such as a drop in income and/or an increase in expenses, and they are left with no choice but to tap into their bitcoin investment at a time that was not completely of their own choosing, but they had put themselves in such position due to sloppy cashflow management practices.

If people have other obligations with their discretionary funds, then they might not be in a position to be more aggressive unless they cut their other obligations, which they may or may not be willing to do.

But I am still not clear on one thing that is, if someone wants to start investing using the DCA method for a period of 10 years from now,
So what is the minimum amount of dollars he needs to invest per month so that after 10 years he can make sustainable withdrawals and live comfortably?

Nobody can figure this out, because you do not know how much bitcoin price will be during those ten years of your bitcoin accumulation timeline. You should know that bitcoin is volatile in nature and since you will be using DCA to accumulate weekly, you cannot get the same quantity of bitcoin for $100 whenever you buy weekly. This is the reason why I feel no one can figure out how much that you can use to invest into bitcoin for ten years before withdrawal through sustainable income.

However, the amount of money that you will use to invest weekly depends on the amount of your discretionary income and nothing more. That's why when accumulating bitcoin, you don't use a timeline for your goal but rather, you need to have a bitcoin target which you plan to accumulate. So that, whatever timeline that you use to reach your bitcoin target wouldn't be important. Personally, I feel that ten years cannot be enough for a pleb that is investing $100 per week because in 10 years time he will be having invested $52,000 which is not up to 1btc.

For you to reach over accumulation so that you can start using a sustainable withdrawal to tap from your bitcoin, that person will need more than 1btc and it depends on the age of that person. Someone in his late 60s and early 70s will spend less funds compared to someone in his late 40s and early 50s because he might only carter for himself and his wife. But someone in his early 50s still have children to take care of.

[yixichloro2xx]

One must be a high income earner to say he’s buying aggressively with his discretionary funds.

That is not true.

Anyone who has discretionary income can choose how to spend such discretionary income.  There are some folks who have $10 per week of discretionary income and there are others who have $1k or more per week of discretionary income.  The level of aggressiveness has to do with what proportion of their discretionary income are they using to buy bitcoin.

I would suggest that if they are using 70% or above of their discretionary income to buy bitcoin, then they are being aggressive, and if they are using less than 10% of their discretionary income to buy bitcoin, then they are likely being whimpy.

People completely have the right to choose whether or not to invest in bitcoin and their level of aggressiveness, and their choices (and actions) have consequences that they will live with either way, whether they choose to invest in bitcoin or not and if they do what level of aggressiveness they choose.

For sure if a person is new to investing and if a person does not have back up funds, then likely he would need to build that from his discretionary income, so maybe as a person is first getting used to investing into bitcoin, he ends up having to choose a lower level of aggressiveness while he is building up his backup funds, and once he is comfortable with his level of back up funds, then he is in a better place to increase his level of aggressiveness.   Guys can have emergency funds and reserve funds... You are right that usually we would consider emergency funds as not being used for buying bitcoin., but that might also be a judgement call in terms of how the various kinds of back up funds are being categorized and used and if there is enough of them, but yeah, generally speaking buying bitcoin does not seem like an emergency, even if the price dips, but people have to figure out these matters, and if they end up prematurely draining their back up funds, they might find themselves in a bad position if they don't have any back up funds and then an emergency happens.. such as a drop in income and/or an increase in expenses, and they are left with no choice but to tap into their bitcoin investment at a time that was not completely of their own choosing, but they had put themselves in such position due to sloppy cashflow management practices.

If people have other obligations with their discretionary funds, then they might not be in a position to be more aggressive unless they cut their other obligations, which they may or may not be willing to do.

But I am still not clear on one thing that is, if someone wants to start investing using the DCA method for a period of 10 years from now,
So what is the minimum amount of dollars he needs to invest per month so that after 10 years he can make sustainable withdrawals and live comfortably?

Nobody can figure this out, because you do not know how much bitcoin price will be during those ten years of your bitcoin accumulation timeline. You should know that bitcoin is volatile in nature and since you will be using DCA to accumulate weekly, you cannot get the same quantity of bitcoin for $100 whenever you buy weekly. This is the reason why I feel no one can figure out how much that you can use to invest into bitcoin for ten years before withdrawal through sustainable income.

However, the amount of money that you will use to invest weekly depends on the amount of your discretionary income and nothing more. That's why when accumulating bitcoin, you don't use a timeline for your goal but rather, you need to have a bitcoin target which you plan to accumulate. So that, whatever timeline that you use to reach your bitcoin target wouldn't be important. Personally, I feel that ten years cannot be enough for a pleb that is investing $100 per week because in 10 years time he will be having invested $52,000 which is not up to 1btc.

For you to reach over accumulation so that you can start using a sustainable withdrawal to tap from your bitcoin, that person will need more than 1btc and it depends on the age of that person. Someone in his late 60s and early 70s will spend less funds compared to someone in his late 40s and early 50s because he might only carter for himself and his wife. But someone in his early 50s still have children to take care of.

I also agree that setting a BTC accumulation target is more realistic than hoping for a particular date. With Bitcoin’s volatility, long term plans are difficult, so sticking to a budget DCA to Bitcoin and DCA to other assets you may have and adjusting as life events unfold is a better approach.

[Regardme]

One must be a high income earner to say he’s buying aggressively with his discretionary funds.

That is not true.

Anyone who has discretionary income can choose how to spend such discretionary income.  There are some folks who have $10 per week of discretionary income and there are others who have $1k or more per week of discretionary income.  The level of aggressiveness has to do with what proportion of their discretionary income are they using to buy bitcoin.

I would suggest that if they are using 70% or above of their discretionary income to buy bitcoin, then they are being aggressive, and if they are using less than 10% of their discretionary income to buy bitcoin, then they are likely being whimpy.

People completely have the right to choose whether or not to invest in bitcoin and their level of aggressiveness, and their choices (and actions) have consequences that they will live with either way, whether they choose to invest in bitcoin or not and if they do what level of aggressiveness they choose.

For sure if a person is new to investing and if a person does not have back up funds, then likely he would need to build that from his discretionary income, so maybe as a person is first getting used to investing into bitcoin, he ends up having to choose a lower level of aggressiveness while he is building up his backup funds, and once he is comfortable with his level of back up funds, then he is in a better place to increase his level of aggressiveness.   Guys can have emergency funds and reserve funds... You are right that usually we would consider emergency funds as not being used for buying bitcoin., but that might also be a judgement call in terms of how the various kinds of back up funds are being categorized and used and if there is enough of them, but yeah, generally speaking buying bitcoin does not seem like an emergency, even if the price dips, but people have to figure out these matters, and if they end up prematurely draining their back up funds, they might find themselves in a bad position if they don't have any back up funds and then an emergency happens.. such as a drop in income and/or an increase in expenses, and they are left with no choice but to tap into their bitcoin investment at a time that was not completely of their own choosing, but they had put themselves in such position due to sloppy cashflow management practices.

If people have other obligations with their discretionary funds, then they might not be in a position to be more aggressive unless they cut their other obligations, which they may or may not be willing to do.

Noted sir. In as much as we’re aware of bitcoin, and keep following the thread, then we’ll continue to learn and understand more on how to go about our bitcoin investment. Got it that 70% of discretionary funds is buying aggressively. Then prioritizing cash flow management and balancing responsibilities is key and as such, aggressiveness should align with financial stability.

[JayJuanGee]

One must be a high income earner to say he’s buying aggressively with his discretionary funds.

That is not true.

Anyone who has discretionary income can choose how to spend such discretionary income.  There are some folks who have $10 per week of discretionary income and there are others who have $1k or more per week of discretionary income.  The level of aggressiveness has to do with what proportion of their discretionary income are they using to buy bitcoin.

I would suggest that if they are using 70% or above of their discretionary income to buy bitcoin, then they are being aggressive, and if they are using less than 10% of their discretionary income to buy bitcoin, then they are likely being whimpy.

People completely have the right to choose whether or not to invest in bitcoin and their level of aggressiveness, and their choices (and actions) have consequences that they will live with either way, whether they choose to invest in bitcoin or not and if they do what level of aggressiveness they choose.

For sure if a person is new to investing and if a person does not have back up funds, then likely he would need to build that from his discretionary income, so maybe as a person is first getting used to investing into bitcoin, he ends up having to choose a lower level of aggressiveness while he is building up his backup funds, and once he is comfortable with his level of back up funds, then he is in a better place to increase his level of aggressiveness.   Guys can have emergency funds and reserve funds... You are right that usually we would consider emergency funds as not being used for buying bitcoin., but that might also be a judgement call in terms of how the various kinds of back up funds are being categorized and used and if there is enough of them, but yeah, generally speaking buying bitcoin does not seem like an emergency, even if the price dips, but people have to figure out these matters, and if they end up prematurely draining their back up funds, they might find themselves in a bad position if they don't have any back up funds and then an emergency happens.. such as a drop in income and/or an increase in expenses, and they are left with no choice but to tap into their bitcoin investment at a time that was not completely of their own choosing, but they had put themselves in such position due to sloppy cashflow management practices.

If people have other obligations with their discretionary funds, then they might not be in a position to be more aggressive unless they cut their other obligations, which they may or may not be willing to do.

Noted sir. In as much as we’re aware of bitcoin, and keep following the thread, then we’ll continue to learn and understand more on how to go about our bitcoin investment. Got it that 70% of discretionary funds is buying aggressively. Then prioritizing cash flow management and balancing responsibilities is key and as such, aggressiveness should align with financial stability.

You decide how much of your discretionary income you want to invest into bitcoin and you decide what is aggressive to you based on your circumstances.  I am giving my ideas about what is aggressive, and people do not need to agree with me in regards to what they consider to be aggressive for themselves.

[Barikui1]

Nobody can figure this out, because you do not know how much bitcoin price will be during those ten years of your bitcoin accumulation timeline. You should know that bitcoin is volatile in nature and since you will be using DCA to accumulate weekly, you cannot get the same quantity of bitcoin for $100 whenever you buy weekly. This is the reason why I feel no one can figure out how much that you can use to invest into bitcoin for ten years before withdrawal through sustainable income.

However, the amount of money that you will use to invest weekly depends on the amount of your discretionary income and nothing more. That's why when accumulating bitcoin, you don't use a timeline for your goal but rather, you need to have a bitcoin target which you plan to accumulate. So that, whatever timeline that you use to reach your bitcoin target wouldn't be important. Personally, I feel that ten years cannot be enough for a pleb that is investing $100 per week because in 10 years time he will be having invested $52,000 which is not up to 1btc.

For you to reach over accumulation so that you can start using a sustainable withdrawal to tap from your bitcoin, that person will need more than 1btc and it depends on the age of that person. Someone in his late 60s and early 70s will spend less funds compared to someone in his late 40s and early 50s because he might only carter for himself and his wife. But someone in his early 50s still have children to take care of.

I also agree that setting a BTC accumulation target is more realistic than hoping for a particular date. With Bitcoin’s volatility, long term plans are difficult, so sticking to a budget DCA to Bitcoin and DCA to other assets you may have and adjusting as life events unfold is a better approach.

No, I think otherwise though, I don't think the best way to set a clear goal of your Bitcoin accumulation is by setting an accumulation target with numbers, to me if you do it that way, you are limiting yourself to an extent, but if you are setting an accumulation target for like 10 years or more and you are as consistent as expected, their is a higher probability that you may even accumulate more than you can ever imagined, because by doing so even if you have over accumulated, you would not stop till you have gotten to the duration of time targeted, but if you are setting a number of Bitcoin as your target, you are practically limiting yourself because if you achieved it faster than expected, you might be discouraged to accumulate even more unlike someone that is using timeframe to accumulate.

Setting numbers of Bitcoin as your target might discourage you to go further in so many ways, just imagine that you won a contract and the discretionary income left is enough to buy the exact numbers of Bitcoin that you targeted, don't you know that you will feel too relax and the will to accumulate more will struggle to be there, so using a timeframe is the best in my own opinion.

[Proty]

]

You decide how much of your discretionary income you want to invest into bitcoin and you decide what is aggressive to you based on your circumstances.  I am giving my ideas about what is aggressive, and people do not need to agree with me in regards to what they consider to be aggressive for themselves.

What you are saying is right. What maybe consider as being aggressive may not be so for other people, because everyone has different financial muscle and also different risk tolerance. What Mr A may consider as being aggressive may be normal for Mr B. So it important that we know our limits in other not to over stretched ourselves and to always go with what work out best for us. I still love your idea despite that it may not be similar to everyone.

[yixichloro2xx]

Nobody can figure this out, because you do not know how much bitcoin price will be during those ten years of your bitcoin accumulation timeline. You should know that bitcoin is volatile in nature and since you will be using DCA to accumulate weekly, you cannot get the same quantity of bitcoin for $100 whenever you buy weekly. This is the reason why I feel no one can figure out how much that you can use to invest into bitcoin for ten years before withdrawal through sustainable income.

However, the amount of money that you will use to invest weekly depends on the amount of your discretionary income and nothing more. That's why when accumulating bitcoin, you don't use a timeline for your goal but rather, you need to have a bitcoin target which you plan to accumulate. So that, whatever timeline that you use to reach your bitcoin target wouldn't be important. Personally, I feel that ten years cannot be enough for a pleb that is investing $100 per week because in 10 years time he will be having invested $52,000 which is not up to 1btc.

For you to reach over accumulation so that you can start using a sustainable withdrawal to tap from your bitcoin, that person will need more than 1btc and it depends on the age of that person. Someone in his late 60s and early 70s will spend less funds compared to someone in his late 40s and early 50s because he might only carter for himself and his wife. But someone in his early 50s still have children to take care of.

I also agree that setting a BTC accumulation target is more realistic than hoping for a particular date. With Bitcoin’s volatility, long term plans are difficult, so sticking to a budget DCA to Bitcoin and DCA to other assets you may have and adjusting as life events unfold is a better approach.

No, I think otherwise though, I don't think the best way to set a clear goal of your Bitcoin accumulation is by setting an accumulation target with numbers, to me if you do it that way, you are limiting yourself to an extent, but if you are setting an accumulation target for like 10 years or more and you are as consistent as expected, their is a higher probability that you may even accumulate more than you can ever imagined, because by doing so even if you have over accumulated, you would not stop till you have gotten to the duration of time targeted, but if you are setting a number of Bitcoin as your target, you are practically limiting yourself because if you achieved it faster than expected, you might be discouraged to accumulate even more unlike someone that is using timeframe to accumulate.

Setting numbers of Bitcoin as your target might discourage you to go further in so many ways, just imagine that you won a contract and the discretionary income left is enough to buy the exact numbers of Bitcoin that you targeted, don't you know that you will feel too relax and the will to accumulate more will struggle to be there, so using a timeframe is the best in my own opinion.

That is a different perspective that is also interesting and valid. Having a deadline instead of a predetermined BTC goal could work to focus you more. That helps to build discipline but is particularly helpful when motivation wanes. At worst, a goal based on a number could lead to stasis after reaching it, but a time based goal tends to be more energizing. Ultimately, it is an individual decision based on psychology. Some people work best with targets and others with deadlines. What is essential is in both cases is steady effort and engagement, no matter which way is preferred.

[Cossyblack]

Buying aggressively is never a bad thing if it's done within your discretionary income, it's a healthy practice used to increase the stash of your Bitcoin faster, where the problem lies is when you are doing it from money meant for your basic needs or money that is not your discretionary income.

Bro investing within your discretional income is not aggressive buying rather it is when you start buying/investing above your initial discretional income that is when your re going aggressively.

Obviously, buying aggressively is not a bad thing like you said and I agree with you. It's a normal strategy for an investor that simply wants to increase his Bitcoin portfolio for the time being but it is also risky if it is not done appropriately. Overdoing it is risky because it can also cause an investor to start dipping hands on his bitcoin stash when things becomes too tight. An investor who's buying aggressively should also know when to stop so that's it doesn't affect its bitcoin investment.

[kanftka]

But I am still not clear on one thing that is, if someone wants to start investing using the DCA method for a period of 10 years from now,
So what is the minimum amount of dollars he needs to invest per month so that after 10 years he can make sustainable withdrawals and live comfortably?

Honestly bro, that completely depends on you, there isn’t a universal number that works for all. Assessing your income would be the first step and from there deduct all the necessary expenses that can’t be avoided like food, bills, rent etc. After that, be sure to set aside your emergency funds (we’ve touched on how important that is previously, check this out: https://bitcointalk.org/index.php?topic=5550789.msg65596391#msg65596391) then whatever is leftover which is most often called discretionary funds, that can be set aside for DCA investing on Bitcoin, that is your comfort zone. 

We all understand the goal is effectiveness instead of the amount, consistency is king. This would mean that all investments over the span of a decade of $50, $100, $200 or whatever and you will be good to go.

In simpler terms there is no magical ratio that you can’t go over, all you need to do is commit Bitcoin investing for the long run….

[Olatundespo]

you are correct buying bitcoin aggressively is not a bad thing provided you buying it within your Discretionary income and not with your emergency fund or with the money met for settling your basic needs and your expenses. In my own opinion Being aggressive becomes bad when you are buying bitcoin with your emergency or with the money met for your basic needs and expenses, because it can endanger your bitcoin investment and  can make you sell off your bitcoin investment at early stage of accumulation in lost. Less assume someone want to be aggressive in buying bitcoin and then went head to buy bitcoin with his or her emergency fund and emergencies arise along the line so which fund do the person intend to use in handling those emergencies since he or she has already invested his or her emergency fund in bitcoin all in the name of trying to be aggressive in buying bitcoin. Or less say someone bought bitcoin with the money met for his or her basic needs and expenses, so tell how those the person intend to sustain and still able to hold his or her bitcoin for long term? If not selling off his or her bitcoin investment in easily stage of accumulation in lost. The truth is if an investor is consistence in buying bitcoin he or she will definitely reach his or her accumulation target, so instead of endangering your bitcoin investment all the name trying to aggressive in buying bitcoin, just be consistence and committed.

I disagree with you on this. Emergency funds isn’t for investment, first you’ll have to understand what emergency funds is which I’ll define it; An emergency funds is savings set aside for unexpected expenses or financial emergencies for example, in the case of losing your job, medical bills, car repairs and all that. No one is his right senses would think of by Bitcoin aggressively with an emergency funds. A real investor understands what discretionary funds are and what emergency funds are, and as such can’t mix both together, because it’s serving a different purpose. .

@Regardme, are you actually disagreeing or disagreeing with Joy- maker  thoughts on emergency funds use? Because from all you have said from your first paragraph I don't see a difference in your supposed disagreement from what Joy- maker explained about what emergency funds stands for and how and meant for. Except you just want to rephrase some of the explanations, otherwise we all should know the difference between discretionary funds and emergency funds, and how to go about a healthy aggressive accumulative buying of bitcoin.

let’s get this right, I’m disagreeing with her on the note that she’s trying to state that buying aggressively becomes bad when you use your emergency funds. No investor uses an emergency funds to buy aggressively, that’s why I explained what’s emergency fund is and also what buying aggressively means. Emergency funds isn’t funds for investment, that’s what I’m trying to let her understand.

Aggressive Bitcoin accumulation are related to emergency funds. For example, if you have three to six months of emergency funds or you have the same amount of floating cash funds, then you can allocate the portion of your discretionary income that should have been saved for an emergency fund to Bitcoin accumulation. If you can continue this way in the long term then it can be called a type of aggressive investment.

If a new investor does not have an emergency fund, he will need to set aside a portion of his discretionary income for an emergency fund, but if already has that amount of emergency fund available, he can accumulate the entire amount of discretionary income at the end of the week in Bitcoin.

[sotelorene]

]

You decide how much of your discretionary income you want to invest into bitcoin and you decide what is aggressive to you based on your circumstances.  I am giving my ideas about what is aggressive, and people do not need to agree with me in regards to what they consider to be aggressive for themselves.

What you are saying is right. What maybe consider as being aggressive may not be so for other people, because everyone has different financial muscle and also different risk tolerance. What Mr A may consider as being aggressive may be normal for Mr B. So it important that we know our limits in other not to over stretched ourselves and to always go with what work out best for us. I still love your idea despite that it may not be similar to everyone.

I agree with you and the reason why some folks make mistake is because they don't understand this, they feel that if their friend(s) can invest with some given amount that they also can invest that is wrong and secondly Bitcoin investment is not a competition, it should be done based on availability and capacity. It is good to have a big portfolio no doubt and yes everybody want it but check what is available and make use of it, if you don't have today strive to get it tomorrow so that you will do what others are doing and not follow others when what you have is not sufficient, life is in stages don't rush anything.

[Rockson1]

I also agree with you here, most people have not yet started with bitcoin, because they were not giving the proper orientation on bitcoin and how easy it can be for them to invest in bitcoin with just their discretionary income and not with their whole income. Just as you said many people believe that for them to get started with bitcoin that they need to have a huge amount of money to buy bitcoin at once and hold for long term, without knowing that they can buy bitcoin fraction by fraction with just their discretionary income consistently using the DCA method till they get to their accumulation target.

Very correct, good information trigers potential investors, most people out there may have not seem it necessary to invest in bitcoin just because of either misinformation or inappropriate orientation they got from existing investors, it is laughable for anyone to even think that they cant invest with little unless they have all the money in the world, although this is what lack of good information does to incoming investors, one of my friend once told me  that bitcoin is only for the rich, I ask him Why did he say so, he said can't I see the value, he went further to tell me that how will he be able to afford such amount of money to buy bitcoin, he said that's the reason why he has not been able to buy bitcoin in the recent time as he pick interest, I laugh and ask if he have heard about DCA method of bitcoin accumulation, he said no, I explained in details how helpful such method  can be easy for him to accumulate bitcoin gradually, as I speak to you has already started and he's very happy, just imagine if he didn't tell me, what would've become of him.

[Tonimez]

]

You decide how much of your discretionary income you want to invest into bitcoin and you decide what is aggressive to you based on your circumstances.  I am giving my ideas about what is aggressive, and people do not need to agree with me in regards to what they consider to be aggressive for themselves.

What you are saying is right. What maybe consider as being aggressive may not be so for other people, because everyone has different financial muscle and also different risk tolerance. What Mr A may consider as being aggressive may be normal for Mr B. So it important that we know our limits in other not to over stretched ourselves and to always go with what work out best for us. I still love your idea despite that it may not be similar to everyone.

I agree with you and the reason why some folks make mistake is because they don't understand this, they feel that if their friend(s) can invest with some given amount that they also can invest that is wrong and secondly Bitcoin investment is not a competition, it should be done based on availability and capacity. It is good to have a big portfolio no doubt and yes everybody want it but check what is available and make use of it, if you don't have today strive to get it tomorrow so that you will do what others are doing and not follow others when what you have is not sufficient, life is in stages don't rush anything.

Every person has limits to what he can do and it'll be wrong measuring your own capacity with others abilities. You might be earning the same money as salary with someone, but that doesn't guarantee you to be as rich or as poor as the person. Our responsibilities and relationships differ and all these accounts for our ability to save or invest. Anyone who's after another person, believing that he can invest a given amount just because his friend or relatives is doing the same is not yet ready to invest in bitcoin. Our response to issues and emergencies are not also the same neither should your measure of your percentage reservation for emergency funds be based on someone else's provision.

We first have to understand what really works for us and stick to it. Device your personal life goal in bitcoin investment and create your DCA measure to achieve it. Most importantly, invest what you can hold. Aim at indefinite holding first and you will see how possible it would be for you to hold for far above 4 to 10 years.

[ruykeri]

I also agree with you here, most people have not yet started with bitcoin, because they were not giving the proper orientation on bitcoin and how easy it can be for them to invest in bitcoin with just their discretionary income and not with their whole income. Just as you said many people believe that for them to get started with bitcoin that they need to have a huge amount of money to buy bitcoin at once and hold for long term, without knowing that they can buy bitcoin fraction by fraction with just their discretionary income consistently using the DCA method till they get to their accumulation target.

Very correct, good information trigers potential investors, most people out there may have not seem it necessary to invest in bitcoin just because of either misinformation or inappropriate orientation they got from existing investors, it is laughable for anyone to even think that they cant invest with little unless they have all the money in the world, although this is what lack of good information does to incoming investors, one of my friend once told me  that bitcoin is only for the rich, I ask him Why did he say so, he said can't I see the value, he went further to tell me that how will he be able to afford such amount of money to buy bitcoin, he said that's the reason why he has not been able to buy bitcoin in the recent time as he pick interest, I laugh and ask if he have heard about DCA method of bitcoin accumulation, he said no, I explained in details how helpful such method  can be easy for him to accumulate bitcoin gradually, as I speak to you has already started and he's very happy, just imagine if he didn't tell me, what would've become of him.

You are right. but I have my opinion, if someone really wants to diversify their assets and is already investing in Bitcoin regularly following the DCA method, then investing in Bitcoin in another way can also be done as diversification. For example, let's say he is investing $200 weekly in Bitcoin from his discretionary income. Suddenly his income increases. Then if he thinks that he will invest the rest of the money somewhere else, then he can buy more BTC for long-term holding when the price of Bitcoin will be DIP. He will create a separate fund where he will deposit his extra income and when he feels that the price of Bitcoin has decreased comparatively, he will invest and hold as much Bitcoin as possible. In addition, his regular Bitcoin investment will continue. This decision can be better than any other decision. Because investing in Bitcoin will always give much more profit compared to any other investment.Bitcoin is a much more profitable option for future security.