The breakdown of your income must have three parts i.e. funds for daily living, emergency funds and discretionary income for buying Bitcoins.

This means they should just keep going without thinking about the backup fund first. As I understand what you mean the backup fund will be there after someone has completed their goal of buying for investment whether long-term or short-term. I also need to ask what happens if an investor can't build an emergency fund or backup fund after starting to invest as you mentioned. Is this part of the risk the investor must accept?

I believe having a phone is part of basic needs because if you are a business person or let's just say someone who's working you need it for your business, even though you are not doing any job yet you still need it because we now live in the the digital era whereby technology is needed. So what I'm trying to say here is that all bills much be settled before investment which means if you don't have enough spare money to buy Bitcoin after all bills has been sorted out then it's fine that way, but if in the future you have sorted out your necessary bills and other important expenses and you still have some leftovers money (discretionary income) then you can continue accumulating more Bitcoin. Most importantly, before investment one should have an emergency funds so that if any emergency situation occurs they can use from their to sort them out, let's just use the phone you talked about as an example. If while accumulating Bitcoin your smart phone got lost or stolen, you can take some money from your emergency funds to buy a new smart phone because you need it.

If in the future you also want to sell your Bitcoin after making some profits, you don't need to sell all of them just a little figure will be okay, starting to accumulate Bitcoin all over again won't be easy but if you had some Bitcoin remaining you can easily continue accumulating from there. Even in the future Bitcoin will continue to rise, now let's just imagine you sold all your Bitcoin and suddenly Bitcoin skyrocket to a more higher price, there's no way that you won't regret. You might feel emotional and start regretting (which you had know you would have hold more longer or kept some Bitcoin). From my own perspectives I believe those who sold all their Bitcoin are already missing more better opportunities right now.

As an investor, you need to have a plan and a strategy, you don't just get into Bitcoin without have basic knowledge or let's just say common sense which probably includes a strategy, with all this I'm very much sure that thing will be a lot more easier as you get started.

Selling of Bitcoin to buy phone is not a good idea, phone has already become part of basic needs in daily life so buying of phone should be budgeted or planned for so that buying it will not mean tampering your Bitcoin asset.

I believe having a phone is part of basic needs because if you are a business person or let's just say someone who's working you need it for your business, even though you are not doing any job yet you still need it because we now live in the the digital era whereby technology is needed.

This is the same thing that someone does when doing DCA when the price is in decline but when they have invested for 5-8 years but when the market price is in a significant increase but still hold back from selling even though if the amount that has been accumulated half of that amount can be sold because we also need to enjoy the results of the profits that have been obtained because basically a person's target will not be the same as what we think even though sometimes someone has the goal of increasing the number of assets but for me it feels bad because it is too much to hold back but there are other reasons that they may hold back or do like that because there are emergency funds saved for the needs to be spent so they dare to hold back from selling half that has been accumulated.

That's not what he means, he is simply emphasizing that instead of delaying your investment because you want to set up your emergency fund first you should instead prioritize your investment,

It is not a good idea for an investor to sell his or her bitcoin for the sake of buying a phone. It only shows that the investor wasn't able to figure out his discretionionary income correctly and he has made the mistake of using money that is meant for his expenses for buying bitcoin. There is need for an investor to be able to figure out there discretionionary income before they start accumulating bitcoin in other to avoid selling before the anticipated timeline.

When they are eager to sell there bitcoin in a short term for profit making they are no longer called investor but traders because there only interested about the short term profit, investors are long term bitcoin hodlers who are not interested of short time profit but buy BTC with their discretionary income using the dca strategy buy consistently and hodl for long without selling for a short time gain these are people that should be called bitcoin investors.

If a brand new investor doesn't have any form of backup funds before he got interested in bitcoin investment, he can start buying right away if he has his discretionary income because that's the most important thing since you can build your emergency funds simultaneously with your bitcoin investment till it reaches three months of your monthly expenses.

If you want to wait till you build your emergency funds before starting your Bitcoin investment, it will deprive you from getting started and that will make you lose a lot of opportunities in the market that you should have used to buy and grow your bitcoin portfolio to a certain size. The reason is because, it can take more than one year to set up an emergency funds of three months of your monthly expenses.

There is no need building an emergency funds when you don't have a bitcoin investment to back up. Also keeping too much fiat in your possession isn't a good idea because fiat depreciates overtime. This is why you need to get started immediately your discretionary income is available because bitcoin is a good asset to accumulate early when you have the opportunity to do so. Bitcoin is the opposite to fiat because it's a store of value overtime.