Balancing Financial security and Bitcoin Accumulation

[Olatundespo]

People do use loans for all kinds of reasons, and they do not necessarily rely on a gullible friend/relative to give them preferential terms.  We have an over indebted society, and part of the reason is that debt is cheap and it also reflects various ways that the dollar  (and other fiats) has been undermined through the years and even debased through the issuance of debt.

Just because the debt system is a bad system for society, rich people use debt to their advantage, and getting cheap debt can frequently allow for way more money to be made, as long as you know how to use debt in a way that you are finding higher returns on your money and that you are not putting yourself into a place in which you are not able to pay back the loan and/or that you might even put collateral into jeopardy if you are not using the debt in profitable and prudent ways.

Debt will only be encouraging to me is if the person plan to make use of that money properly like to start up a business with high chances of being successful over time

Justifying the debt can be the same no matter the purpose, and so surely one thing about a business is that you may or may not be including your own labor into the package, and some people start up businesses because that they consider that they would be able to make more money with their own labor mixed into it as compared with working for someone else, so surely there can be potentials for cashflow that comes from infesting into a business, but also the leveraging of ones own labor.  Of course, self-started businesses are not always successful

I agree with you. Self starting businesses are not successful in most cases. There can be many reasons for this, including the lack of experience of those businessmen. Even though they have a fast flow of money, they are skeptical in making decisions and are more greedy for short term profits. For those people using their own labor may give them a glimmer of hope for a while but short term thinking in planning and business leads to losses. Expanding your vision should be the main concept of your business.

[ruykeri]

Nice lesson! I like the fact that you spoke about automated savings, for emergency funds accumulation, because with manual savings alone somebody might go broke once, as things to spend on will always exist.

How to save? How much is your monthly income? Let's say your monthly income is 30000 Naira. Divide that salary into 3 parts. Give 1 part to your family, and 1 part to your children and buy furniture. You can keep the remaining 1 part for savings. If you keep it this way, you will see that one day the amount of Naira will be large, then you can withdraw that Naira and do something with it!

30000 Naira is a very small amount of money. Many of our people earn about 300,000 Naira per month. Many earn even less than this who are very poor. They find it very difficult to meet their own living expenses. . However, those who have a relatively high income may have a little bit of money left after all their household expenses, which may equal to $50 to $70. They can also invest from this discretionary income if they want. If their discretionary income is irregular or relatively low, there is no problem. If someone wants, they can do DCA with $10 to $100 or $1000. But it is most important to start investing. Because the sooner you start investing, the less chance there will be of missing out. Many people take too long to make investment decisions. This means that he starts buying Bitcoin late, and since the price of Bitcoin fluctuates over time, if the price increases relatively as a result of investing late, he will miss out on the opportunity to invest at a lower price.

[Joeboy]

Nice lesson! I like the fact that you spoke about automated savings, for emergency funds accumulation, because with manual savings alone somebody might go broke once, as things to spend on will always exist.

How to save? How much is your monthly income? Let's say your monthly income is 30000 Naira. Divide that salary into 3 parts. Give 1 part to your family, and 1 part to your children and buy furniture. You can keep the remaining 1 part for savings. If you keep it this way, you will see that one day the amount of Naira will be large, then you can withdraw that Naira and do something with it!

30000 Naira is a very small amount of money. Many of our people earn about 300,000 Naira per month. Many earn even less than this who are very poor. They find it very difficult to meet their own living expenses. . However, those who have a relatively high income may have a little bit of money left after all their household expenses, which may equal to $50 to $70. They can also invest from this discretionary income if they want. If their discretionary income is irregular or relatively low, there is no problem. If someone wants, they can do DCA with $10 to $100 or $1000. But it is most important to start investing. Because the sooner you start investing, the less chance there will be of missing out. Many people take too long to make investment decisions. This means that he starts buying Bitcoin late, and since the price of Bitcoin fluctuates over time, if the price increases relatively as a result of investing late, he will miss out on the opportunity to invest at a lower price.

I beg to differ.... Irregularity in our discretionary income can be quite problematic especially when it pertains to building up your Bitcoin's portfolio. Here is the thing  Bitcoin rewards consistency overtime, and if one month you are able to save and the next 2 to 5months, you cannot due to irregularity in yourr discretionary income, it breaks your discipline, scatters and disrupt your whole plan and seriously slows down your long term Bitcoin portfolio growthh.....It is far more better to consistently invest in Bitcoin with a small amount of discretionary income than to invest with a large amount and not be consistent with it, due to irregularity in your discretionary income.

[TokenTikas]

So should a person invest without discretionary income???
I'm not in support of delaying a person's investment but you can only invest if you have the finance to invest with and your discretionary income is what fills this role. In a way you are just restating what I've already tried to establish, if a person wants to invest, they should make sure their earnings can generate discretionary income for them to invest with if you can't, then work on your finance until you are able to.

In general, a person should not invest without a prudent income. By prudent income we usually know that the money is in excess of our income. In general, every person has basic needs, and after meeting urgent expenses any remaining funds are considered prudent income. And it is generally better to invest with this prudent income.

However... if there is an idea to invest in, then a person must prepare themselves to make that investment. If he does not have his own income, he will find an income source and prepare himself to make that investment, only then will he move towards making the investment. Currently, the number of investors is slowly increasing and they are attempting to continue their investments as much as possible. This can be called the golden age of our.

[yixichloro2xx]

Nice lesson! I like the fact that you spoke about automated savings, for emergency funds accumulation, because with manual savings alone somebody might go broke once, as things to spend on will always exist.

How to save? How much is your monthly income? Let's say your monthly income is 30000 Naira. Divide that salary into 3 parts. Give 1 part to your family, and 1 part to your children and buy furniture. You can keep the remaining 1 part for savings. If you keep it this way, you will see that one day the amount of Naira will be large, then you can withdraw that Naira and do something with it!

It is very important to invest in Bitcoin, whatever little money you have after deducting all the necessary expenses, without keeping it with yourself or in the bank. You can easily buy Bitcoin through the DCA method, for this you will not need a lot of money, it is very important to invest your small amount of discretionary income regularly and consistently. Investing money in Bitcoin in small amounts can gradually become a mountain, but you must invest consistently by adopting the right rules according to a long-term plan.

You don't need to have a lot of money or knowledge to start investing in Bitcoin, just  basic perspective and a sensible income are very important. Over time, you will gain specific knowledge about Bitcoin and, along with increasing your confidence, you will become more aware of cash. I think you don't need to take extra time to invest in Bitcoin. Basically, by investing consistently for the long term with courage and awareness, you can avoid inflation and can expect profits in the future.

I think it’s important to also point out that Bitcoin investment is not only about buying consistently, it’s also about protecting yourself while doing so. DCA with discretionary income is definitely a smart move, but if someone skips the step of building an emergency fund first, they could be forced to sell their Bitcoin when life throws unexpected bills at them. That’s where many people make mistakes, they invest every spare amount without a safety net, and when emergencies come, they undo their own progress.

Because of that, I will suggest consistency works best when it’s balanced with planning. Start small, make sure your daily life and emergencies are covered, then let the rest flow into Bitcoin regularly. That way you’re not only stacking, but also ensuring that your long terrm plan isn’t disrupted by short term pressures.

[Barikui1]

People do use loans for all kinds of reasons, and they do not necessarily rely on a gullible friend/relative to give them preferential terms.  We have an over indebted society, and part of the reason is that debt is cheap and it also reflects various ways that the dollar  (and other fiats) has been undermined through the years and even debased through the issuance of debt.

Just because the debt system is a bad system for society, rich people use debt to their advantage, and getting cheap debt can frequently allow for way more money to be made, as long as you know how to use debt in a way that you are finding higher returns on your money and that you are not putting yourself into a place in which you are not able to pay back the loan and/or that you might even put collateral into jeopardy if you are not using the debt in profitable and prudent ways.

Debt will only be encouraging to me is if the person plan to make use of that money properly like to start up a business with high chances of being successful over time

Justifying the debt can be the same no matter the purpose, and so surely one thing about a business is that you may or may not be including your own labor into the package, and some people start up businesses because that they consider that they would be able to make more money with their own labor mixed into it as compared with working for someone else, so surely there can be potentials for cashflow that comes from infesting into a business, but also the leveraging of ones own labor.  Of course, self-started businesses are not always successful

Very true, most of this guy's that venture into business don't think about their own effort, they just believes that even though it can even be more stressful, as long as they can make more money, they will be fine, not knowing that not all business flourish in first try, I think I have said this before that taking a loan to expand an already existing business is a more logical decision than starting a new one because you already knows what to expect from the business unlike when you are starting a new one, but no matter what, it's not an entirely a wrong idea if your ability to pay back the loan doesn't depends on the outcome of the business or your investment .

[Silverstonez]

People do use loans for all kinds of reasons, and they do not necessarily rely on a gullible friend/relative to give them preferential terms.  We have an over indebted society, and part of the reason is that debt is cheap and it also reflects various ways that the dollar  (and other fiats) has been undermined through the years and even debased through the issuance of debt.

Just because the debt system is a bad system for society, rich people use debt to their advantage, and getting cheap debt can frequently allow for way more money to be made, as long as you know how to use debt in a way that you are finding higher returns on your money and that you are not putting yourself into a place in which you are not able to pay back the loan and/or that you might even put collateral into jeopardy if you are not using the debt in profitable and prudent ways.

Debt will only be encouraging to me is if the person plan to make use of that money properly like to start up a business with high chances of being successful over time , or maybe for life and death situation , but collecting loan for investment is not encouraging because you are only making use of money you can hold for long and there are chances you be in haste to sell off that investment inorder to pay back the loan , might even lose it because some tend to gamble instead of investing looking for ways to have quick returns like investing in some shit projects.

let's take for instance now, I a big dip occured  in bitcoin, and you are yet to be paid from your work place, and you really don't want to miss out buying that dip, buddy  there is nothing bad in collecting loan to invest in bitcoin, to buy that dip and hold provided you have a source or other sources of paying back the loan without tempering with your bitcoin investment.  And it's not only necessary for you to take loan only when it only has to with emergencies, you can also take loan to invest in bitcoin provided you other ways of paying of the depth without touching your holding.

[Jostern]

Nice lesson! I like the fact that you spoke about automated savings, for emergency funds accumulation, because with manual savings alone somebody might go broke once, as things to spend on will always exist.

How to save? How much is your monthly income? Let's say your monthly income is 30000 Naira. Divide that salary into 3 parts. Give 1 part to your family, and 1 part to your children and buy furniture. You can keep the remaining 1 part for savings. If you keep it this way, you will see that one day the amount of Naira will be large, then you can withdraw that Naira and do something with it!

It is very important to invest in Bitcoin, whatever little money you have after deducting all the necessary expenses, without keeping it with yourself or in the bank. You can easily buy Bitcoin through the DCA method, for this you will not need a lot of money, it is very important to invest your small amount of discretionary income regularly and consistently. Investing money in Bitcoin in small amounts can gradually become a mountain, but you must invest consistently by adopting the right rules according to a long-term plan.

You don't need to have a lot of money or knowledge to start investing in Bitcoin, just  basic perspective and a sensible income are very important. Over time, you will gain specific knowledge about Bitcoin and, along with increasing your confidence, you will become more aware of cash. I think you don't need to take extra time to invest in Bitcoin. Basically, by investing consistently for the long term with courage and awareness, you can avoid inflation and can expect profits in the future.

I think it’s important to also point out that Bitcoin investment is not only about buying consistently, it’s also about protecting yourself while doing so. DCA with discretionary income is definitely a smart move, but if someone skips the step of building an emergency fund first, they could be forced to sell their Bitcoin when life throws unexpected bills at them. That’s where many people make mistakes, they invest every spare amount without a safety net, and when emergencies come, they undo their own progress.

Because of that, I will suggest consistency works best when it’s balanced with planning. Start small, make sure your daily life and emergencies are covered, then let the rest flow into Bitcoin regularly. That way you’re not only stacking, but also ensuring that your long terrm plan isn’t disrupted by short term pressures.

I think everyone would want to buy bitcoin consistently, I don’t really think there is anything bad if a fellow decide to buy bitcoin consistently instead that should be the priority which is consistent buying and stacking of bitcoin, for a newbie who wants to start bitcoin immediately you don’t need to start having an emergency fund immediately that would be considered 3 months into your bitcoin investment and then keep planning for my strategy of buying more consistently and working on other cashflow to enable you buy and accumulate aggressively when i have more discretionary income to keep being aggressive.

I think one of the most important things is buying bitcoin and having that mindset of a long term plans and how to be able to sustain our investments with this particular purpose of buying consistently and aggressively to enable us have that more efficient way of investing Bitcoin.

[Futurexxx]

let's take for instance now, I a big dip occured  in bitcoin, and you are yet to be paid from your work place, and you really don't want to miss out buying that dip, buddy  there is nothing bad in collecting loan to invest in bitcoin, to buy that dip and hold provided you have a source

Taking a loan to leverage on an opportunity is not a bad idea if you have other means of paying it back, but in the scenario you explained here, it is a bad move and a loan you shouldn't be taking because this is your salary buddy, not your discretionary income, because I am sure that it's from that your salary you will remove money for your basic needs and few other important bills, which you aren't even sure if their will be something left capable to payback the loan, so in this scenario you explained, taking a loan is a bad move because it's coming from lack and you are not 100% sure of having enough left to still sorts out yourself and pay off the loan.

And it's not only necessary for you to take loan only when it only has to with emergencies,

This is another problem waiting to happen, you are mandatory to have an emergency funds in place so as to protect your investment from any real life emergencies, but investing without putting it in place with the hopes of taking a loan to cover up for it is another bad move you really needs to avoid.

[Emjay24]

Nice lesson! I like the fact that you spoke about automated savings, for emergency funds accumulation, because with manual savings alone somebody might go broke once, as things to spend on will always exist.

How to save? How much is your monthly income? Let's say your monthly income is 30000 Naira. Divide that salary into 3 parts. Give 1 part to your family, and 1 part to your children and buy furniture. You can keep the remaining 1 part for savings. If you keep it this way, you will see that one day the amount of Naira will be large, then you can withdraw that Naira and do something with it!

I find this your example very awkward based on the state of things in the country, #30k would barely be enough for a single person talkless of a family man and having savings from such a little income would be almost impossible for a family man since it is not even enough for feeding judging from the rate of inflation in the country.

Coming to savings, why save fiat when it would surely depreciate on the longrun? we have learned that bitcoin is a store of value and a hedge against inflation and currency depreciation and instead of just holding your discretionary income in fiat, you can invest it into bitcoin and go one or two cycles or more in it and hopefully when you need the funds you would have good profits on your investment.

[ZeroVinsonN]

Nice lesson! I like the fact that you spoke about automated savings, for emergency funds accumulation, because with manual savings alone somebody might go broke once, as things to spend on will always exist.

How to save? How much is your monthly income? Let's say your monthly income is 30000 Naira. Divide that salary into 3 parts. Give 1 part to your family, and 1 part to your children and buy furniture. You can keep the remaining 1 part for savings. If you keep it this way, you will see that one day the amount of Naira will be large, then you can withdraw that Naira and do something with it!

It is very important to invest in Bitcoin, whatever little money you have after deducting all the necessary expenses, without keeping it with yourself or in the bank. You can easily buy Bitcoin through the DCA method, for this you will not need a lot of money, it is very important to invest your small amount of discretionary income regularly and consistently. Investing money in Bitcoin in small amounts can gradually become a mountain, but you must invest consistently by adopting the right rules according to a long-term plan.

You don't need to have a lot of money or knowledge to start investing in Bitcoin, just  basic perspective and a sensible income are very important. Over time, you will gain specific knowledge about Bitcoin and, along with increasing your confidence, you will become more aware of cash. I think you don't need to take extra time to invest in Bitcoin. Basically, by investing consistently for the long term with courage and awareness, you can avoid inflation and can expect profits in the future.

I think it’s important to also point out that Bitcoin investment is not only about buying consistently, it’s also about protecting yourself while doing so. DCA with discretionary income is definitely a smart move, but if someone skips the step of building an emergency fund first, they could be forced to sell their Bitcoin when life throws unexpected bills at them. That’s where many people make mistakes, they invest every spare amount without a safety net, and when emergencies come, they undo their own progress.

Emergency funds are essential for securing a person investment, but you don't have to build an emergency fund first before investing in bitcoin, doing this will lead to delay in your investment and time wasting isn't a good quality of a bitcoin investor, instead of building an emergency fund first better option should be to settle the two together, buying bitcoin and also building your emergency fund, you can split your discretionary fund in the right percentage between the two, this way you don't delay your plans to invest in bitcoin in any way. Mind you, for a new investor who decides to build an emergency fund first before investing in bitcoin, a distraction can arise and prevent them from even investing in bitcoin at the end of the day because while they could have been building their consistency as bitcoin investors, they were trying to secure an investment that they haven't even started yet, of course emergency funds aren't just for bitcoin investment as there can cover for any form of emergency that might come up, it can be used to cover for situations that would require insurance, before your insurance company pays, your emergency fund can cover for it, so a person can have an emergency fund ready before investing in bitcoin probably because they already had an emergency fund before they even considered investing in bitcoin, so if you don't have an emergency fund and you want to go into bitcoin investment it would be better to build the two together.

[ruykeri]

I beg to differ.... Irregularity in our discretionary income can be quite problematic especially when it pertains to building up your Bitcoin's portfolio. Here is the thing  Bitcoin rewards consistency overtime, and if one month you are able to save and the next 2 to 5months, you cannot due to irregularity in yourr discretionary income, it breaks your discipline, scatters and disrupt your whole plan and seriously slows down your long term Bitcoin portfolio growthh.....It is far more better to consistently invest in Bitcoin with a small amount of discretionary income than to invest with a large amount and not be consistent with it, due to irregularity in your discretionary income.

The main point is that the money that a person has left after his expenses, if it is guaranteed to come regularly in same amount at same time  is called discretionary income and if there is no guaranteed  of its regular arrival at same amount it is called discretionary funds. To invest, only the person needs to have extra money after his expenses. It does not matter whether it is regular or irregular. The person who invests will make a plan after the income comes and how much money will be spent until his next income comes. Because the person who earns i knows where and how much he has to spend to run his family. And at the end of the month, how much will he survive from his income. If someone's income is irregular  and the amount varies, it is natural that the amount of discretionary funds will also irregular . It will not be problematic to invest with this. The only thing to remember is that it is never right to invest from non-discretionary funds. If someone invests with non-discretionary funds, it is not an investment, but rather trading or gambling.

[Rhow]

let's take for instance now, I a big dip occured  in bitcoin, and you are yet to be paid from your work place, and you really don't want to miss out buying that dip, buddy  there is nothing bad in collecting loan to invest in bitcoin, to buy that dip and hold provided you have a source or other sources of paying back the loan without tempering with your bitcoin investment.  And it's not only necessary for you to take loan only when it only has to with emergencies, you can also take loan to invest in bitcoin provided you other ways of paying of the depth without touching your holding.

In the example you gave, no one will stop you from investing by taking a loan. Because you know that you can repay the entire loan within a few days. This is a common situation for all long-term investors. Those who are real investors prepare themselves for all situations in advance. If for some reason they face a financial crisis, they try to get out of that situation even if they take a loan. And in a very short time, due to a proper money management, they return to their previous position. Still, they do not sell their investment.

But if someone starts investing by taking a loan without understanding and does not have a financial backup for the next situation after taking that loan, he will never be able to maintain his investment. To deal with the current financial crisis, he will have to sell his investment. So if you do not have a proper money management, you should never invest by taking a loan. No matter how deep the market goes.

[Merit.s]

but if someone skips the step of building an emergency fund first, they could be forced to sell their Bitcoin

It's not a most that you are to build your emergency funds first before you can hodli your investment for long. Don't make it look as if emergency funds is the top priority of starting your bitcoin investment. Anyone that doesn't have an emergency funds but has a discretionary income should not wait to build his emergency funds first but should start his bitcoin investment right away.

Your emergency funds can be built when you have started your bitcoin investment simultaneously with your bitcoin investment, that doesn't mean that you will be hit with a real life emergency immediately you buy your first bitcoin. It's wrong to pile up fiat that has no instant use when you can simply put that money into bitcoin and build your portfolio for the future. It takes up to one year or more to build up an emergency funds of three months of your expenses, will you be waiting all this period as a no coiner.

That will be the wrong decision anyone that's just starting his bitcoin investment will make because you are a no coiner and you are still happy to remain as a no coiner for no reason when you can get the fuck out of the no coiner level first before anything. Delay is dangerous because bitcoin price and time waits for no one which is the main reason why buying bitcoin and building your bitcoin stash should be your first priority because it's an investment that has the capacity to multiple your funds overtime.

I hate whatever strategy that involves waiting because it can discourage you from starting immediately and limit the quantity of bitcoin that you are suppose to accumulate for your future.

The main point is that the money that a person has left after his expenses, if it is guaranteed to come regularly in same amount at same time  is called discretionary income and if there is no guaranteed  of its regular arrival at same amount it is called discretionary funds.

Discretionary income and discretionary funds means the same thing. What cash inflow that comes in your hand provided you did not borrow it or someone gave you to hold is called income.

Nice lesson! I like the fact that you spoke about automated savings, for emergency funds accumulation, because with manual savings alone somebody might go broke once, as things to spend on will always exist.

How to save? How much is your monthly income? Let's say your monthly income is 30000 Naira. Divide that salary into 3 parts. Give 1 part to your family, and 1 part to your children and buy furniture. You can keep the remaining 1 part for savings. If you keep it this way, you will see that one day the amount of Naira will be large, then you can withdraw that Naira and do something with it!

The poor remains poor because they save fiat in the bank and it loses its purchasing value overtime making it a wrong way to keep money. The rich invest into bitcoin or other investment that will generate profits for them overtime instead, of keeping it in the bank. Be wise an put your saving into bitcoin and safe the value of your money from depreciating due to inflation.

[Albert David]

Well it is practically impossible for an investor to be investing daily unless the investor earns daily and even if he does, I don't think it will be convenient with the Investor and I think this can only work ideally. Additionally, investing daily, weekly or monthly with discretionary is not an aggressive investment perhaps you should use the word intermittent investment because aggressive investment is when an investor used a good amount of money that is beyond their normal weekly or monthly investment money (DCA money) to invest in Bitcoin and this is the reason why I said it can not be possible to do that because aggressive investment amount is always bigger than DCA amount.

INot everyone's income is the same. There are many people who work as daily wage earners. For example, after working all day, they are given a certain amount of money as salary, they can continue to buy continuously by adopting the DCA method every day. This will not be bad at all. Because all the people who work as daily wage earners cannot accumulate or save much money. Because they have daily income and they spend almost the entire amount of money from it, so if they want to buy daily by adopting the DCA method, then it is not a bad idea at all.

I think it is better not to buy Bitcoin every day, because poor people can never buy Bitcoin every day, and Bitcoin is worth $114000+ every day because no one except the rich can buy Bitcoin every day, and he said that the entire Naira salary he gets in 1 month or 1 week is for household expenses, but he can do one thing, if he saves a little Naira every day, after 1 year that Naira amount will be a lot, then with that Naira in one go for 5/10 years! After that, he invested the amount of Naira he has and bought Bitcoin for 5/10 years, after that he will get a good profit!

[DubemIfedigbo001]

I think it is better not to buy Bitcoin every day, because poor people can never buy Bitcoin every day, and Bitcoin is worth $114000+ every day because no one except the rich can buy Bitcoin every day, and he said that the entire Naira salary he gets in 1 month or 1 week is for household expenses, but he can do one thing, if he saves a little Naira every day, after 1 year that Naira amount will be a lot, then with that Naira in one go for 5/10 years! After that, he invested the amount of Naira he has and bought Bitcoin for 5/10 years, after that he will get a good profit!

Firstly, everyone can buy Bitcoin at intervals that their discretionary income becomes available, there is no need to keep saving money as you described here and invest after one year. Even if it's $10 that you've left after catering for your expenses, you can invest $5 straight into Bitcoin and use the rest to build backup funds. Stacking funds and waiting is a wrong strategy and it can make the individual keep planning to invest and never execute his buys since he may never agree within himself that he's saved enough to invest.

Consistency is key in Bitcoin accumulation and no matter how little discretionary income you've, invest it into Bitcoin and remain committed. Along the line your finances may increase and you'll have more discretionary income present and be able to increase your aggressiveness. Waiting and stacking funds is an investment killer, the best is to get started with as little or much as you've and follow up your investment with consistency and commitment.

[ZeroVinsonN]

Well it is practically impossible for an investor to be investing daily unless the investor earns daily and even if he does, I don't think it will be convenient with the Investor and I think this can only work ideally. Additionally, investing daily, weekly or monthly with discretionary is not an aggressive investment perhaps you should use the word intermittent investment because aggressive investment is when an investor used a good amount of money that is beyond their normal weekly or monthly investment money (DCA money) to invest in Bitcoin and this is the reason why I said it can not be possible to do that because aggressive investment amount is always bigger than DCA amount.

INot everyone's income is the same. There are many people who work as daily wage earners. For example, after working all day, they are given a certain amount of money as salary, they can continue to buy continuously by adopting the DCA method every day. This will not be bad at all. Because all the people who work as daily wage earners cannot accumulate or save much money. Because they have daily income and they spend almost the entire amount of money from it, so if they want to buy daily by adopting the DCA method, then it is not a bad idea at all.

I think it is better not to buy Bitcoin every day, because poor people can never buy Bitcoin every day, and Bitcoin is worth $114000+ every day because no one except the rich can buy Bitcoin every day, and he said that the entire Naira salary he gets in 1 month or 1 week is for household expenses, but he can do one thing, if he saves a little Naira every day, after 1 year that Naira amount will be a lot, then with that Naira in one go for 5/10 years! After that, he invested the amount of Naira he has and bought Bitcoin for 5/10 years, after that he will get a good profit!

You need to understand that you don't need to buy 1 BTC if you want to buy bitcoin, you can always buy in units depending on how much you can afford, waiting to save up money for a year is not a very good investment plan, why wait?? You could invest the money on a weekly basis or even monthly depending on how regular his discretionary income is, delay is dangerous and you could always spend that money on something else that might not even be of any actual value to you.
I have always considered that alot of people think they are not wealthy enough to buy bitcoin, believing that the purchase of bitcoin is reserved only for the rich but in reality it is not reserved for any social class, in fact anyone can invest in bitcoin with however amount you have available to you especially using the DCA method, so as long as you have your discretionary income available then bitcoin investment is open to you.

[Gost ms]

I think it is better not to buy Bitcoin every day, because poor people can never buy Bitcoin every day, and Bitcoin is worth $114000+ every day because no one except the rich can buy Bitcoin every day, and he said that the entire Naira salary he gets in 1 month or 1 week is for household expenses, but he can do one thing, if he saves a little Naira every day, after 1 year that Naira amount will be a lot, then with that Naira in one go for 5/10 years! After that, he invested the amount of Naira he has and bought Bitcoin for 5/10 years, after that he will get a good profit!

Your comment is very misleading. For example, it is never right to wait to invest or to save money to invest is also never a right decision. If a poor person wants, he can also buy Bitcoin every day. It is not necessary to be rich to buy Bitcoin, a poor person can also invest. If a person has a source of discretionary income, then he can continue to buy continuously by adopting the DCA method depending on his discretionary income. For example,

If a person has a source of discretionary income and if that person wants to invest $ 10 or $ 5 every day, a person can invest depending on his financial situation. If a person waits to invest and saves money, then that person may lag behind a lot. For example, if a person saves money for 1 year, today's price and 1 year later's price will never be the same. So the DCA method is the best for investment.

[Cossyblack]

I think it is better not to buy Bitcoin every day, because poor people can never buy Bitcoin every day, and Bitcoin is worth $114000+ every day because no one except the rich can buy Bitcoin every day, and he said that the entire Naira salary he gets in 1 month or 1 week is for household expenses, but he can do one thing, if he saves a little Naira every day, after 1 year that Naira amount will be a lot, then with that Naira in one go for 5/10 years! After that, he invested the amount of Naira he has and bought Bitcoin for 5/10 years, after that he will get a good profit!

Your comment is very misleading. For example, it is never right to wait to invest or to save money to invest is also never a right decision. If a poor person wants, he can also buy Bitcoin every day. It is not necessary to be rich to buy Bitcoin, a poor person can also invest. If a person has a source of discretionary income, then he can continue to buy continuously by adopting the DCA method depending on his discretionary income. For example,

If a person has a source of discretionary income and if that person wants to invest $ 10 or $ 5 every day, a person can invest depending on his financial situation. If a person waits to invest and saves money, then that person may lag behind a lot. For example, if a person saves money for 1 year, today's price and 1 year later's price will never be the same. So the DCA method is the best for investment.

I agree with you ,the kind of mindset a person has will determine if truly he is eager to invest in Bitcoin. Been poor isn't a barrier,it all depends on the individuals mentality. A person with a discretional income of $5 can still invest in Bitcoin with the DCA Strategy. Infact this is the more reason the DCA Strategy is seen as the Best strategy used to accumulate Bitcoin because it is the most convenient use strategy so far. DCA Strategy have made investment in Bitcoin stress free  and less expensive for everyone. A person with a low discretional income of $5 can be buying Bitcoin bit-bit, depending if he has a steady flow of discretional income,he will be consistent & persistent in accumulating Bitcoin for the long term.

[Nightwatchmare]

...There is no need building an emergency funds to protect your bitcoin investment when you don't have any bitcoin because you have nothing to protect...

I think this your statement is very wrong. Emergency funds is very important for anyone whether they are investing in bitcoin or not. Since  emergency situation like paying of hospital bills, car repairs , accident etc, this are situation that we don't have control over hence there is need to have an emergency funds since since such emergency situation doesn't just occur to bitcoin investors alone. Having an emergency funds before investing in bitcoin will help in protect your assets.

Ruttoshi knows how important emergency funds are for Bitcoin investors and the role they play for Bitcoin investors to hold their Bitcoin investment for a very long time. Ruttoshi isn't discouraging investors not to set aside their emergency funds; Ruttoshi was advising Xhowdhury that "there is no need for him to build an emergency funds to protect his Bitcoin investment when he doesn't have any Bitcoin investment because there is nothing he would protect." Building an emergency funds first before you start investing in Bitcoin isn't appropriate because it is time delaying, which you could have used to accumulate Bitcoin. If you are guaranteed of discretionary income, there's no need for you to build an emergency funds first; you can start your investment right away. Then after you have spent 1-2 months accumulating Bitcoin, you can start building your emergency funds gradually so if you have any emergency, you can freely sort it out.