The size of the emergency fund should be 3 months or more of your financial capacity, but the period you mentioned is a normal range. Having cash flow will play a useful role in small emergencies, but for large emergencies, a backup fund is important. Despite having the necessary capacity, it is necessary to keep an emergency fund separately to keep your Bitcoin holdings safe because you never know when an unexpected situation will arise. It is always wise to be prepared.

Before joining the forum, I was involved in investing but was not very aware of emergency funds, as a result, despite having sufficient funds to invest, I did not get the desired success due to personal mistakes. Just as the importance of your emergency fund is important for long term Bitcoin investment, the availability of cash funds is also important.

It is not all no-noiner that only come up with the excuses that they don't have discretionary income. The truth is that most of them have a lot of money as discretionary income but what they lack is the basic knowledge to start buying Bitcoin, so based on that they come up with excuses instead they should do some findings that will not take them up to a day to understand properly of what they are doing (if they practice it while learning). So I believe what is keeping some of them back from buying Bitcoin is because they don't have the basic knowledge to start buying Bitcoin. Although someone with common sense can figure it out or probably watch some YouTube videos then understand how to buy Bitcoin through p2p and also figure out the reliable and secured (wallet) way to save their Bitcoin.

Each person has to make the judgment for himself in regards to how much discretionary funds is sufficiently comfortable to get started buying bitcoin, whether that is an extra $100 or an extra $10 or some other amount that allows them to at least get started buying bitcoin.  And, then perhaps once they start to buy bitcoin, then it might be easier to decide again to buy some more bitcoin the following week or maybe on a weekly basis.

There can also be circumstances in which guys consider their income situation and even the amount of discretionary funds that they have to not be enough in order to give them confidence to buy bitcoin on a regular basis, yet they still might be able to buy bitcoin once in a while. .which may be enough to get started and better than nothing in terms of potentially planting the roots to regular actions of buying bitcoin, even if the buys might be inconsistent and/or infrequent.

Many of us likely can appreciate a higher comfort level that comes when we have some money coming in every week or two, rather than if  we might be in a situation where our work is not very regular, we don't know how long any particular job is going to last and then we may well be uncertain about the next job.. and so in those situations of irregular income and/or irregular expenses, we might lack confidence in either our ability to get started buying bitcoin or our abilities to buy bitcoin on a regular basis.. .and so those guys surely might be in a situation in which they both have to hold higher levels of cash and/or needing to try to figure out ways to increase their income and/or to cut their expenses.


Your ideas about "basics of buying" comes off as unclear, even though I understand the idea of how to source the first coins, and there may well be some people who pointed out places to buy bitcoin that would require having a personal wallet, and one of the common starting places tends to be identifying an exchange and then buying through the exchange, which may well be an acceptable place to first get bitcoin and even exposure to the bitcoin price, yet it could be a place that is not very great to hold a lot of value, even though it may be acceptable to hold the first few hundred dollars worth of value while the newbie might be researching into various private ways to hold some (if not all) of his bitcoin.  There also might be some legitimate reasons to hold some value on exchanges and to use them regularly for guys who might have not have had identified other ways of getting in and out of bitcoin...and preferably we can find ways to transact with bitcoin or to get in and out of it, since it does seems that going through exchanges can contribute towards issues of locking up coins and/or freezing abilities to get in and out of coins.  So, in some sense, with the longer holding of bitcoin, there are likely values in figuring out more than one way to get in and out of coins  - even though I agree peer to peer is good and being able to transact with bitcoin is also good.


Your framing of this topic is strange Showlove01, since the back up funds of emergency funds and reserve funds are built from discretionary income, so surely if we have discretionary funds coming in, we have the option to spend from the discretionary funds and then to continue to build up the emergency funds/reserve funds, and surely if the discretionary funds are not sufficient to cover our expenses, then we can tap into any of the back up funds of the emergency funds and/or the reserve funds, and generally the idea of tapping into reserve funds would be easier to do than tapping into emergency funds, since we may well would have had established more limitations on when it is acceptable to tap into emergency funds, and we may well be trying to put systems in place so that we never have to tap into emergency funds absent running out of all other funds and being put in a situation of having no other choice (including considerations to protect our bitcoin stash so we are spending from emergency funds so that we might not have to tap into our bitcoin, unless we also run out of (deplete) our emergency funds, then we might not have any other resources left to tap into besides our bitcoin, which even if we end up having to tap into our bitcoin at a time that is not of our choosing, we might well hope that the various back up funds that we had built might have had allowed us to ONLY tap into our bitcoin in minimal ways rather than greatly depleting our bitcoin after perhaps years and years of building it up.  Sometimes if the emergency is so great (and/or long lasting), we might not have any choices but to greatly (if not completely) deplete our various funds within a priority order in which we try to tap into the most valuable of the assets at the latest of times.


You are correct about some of the unknowns, yet that each of us has responsibilities to try to be reasonable in how we balance the level of the various back up funds that we have and how we might draw from them (in what order) and any other measures that we might try to take to increase our income and/or to decrease our expenses during times in which our various back up funds might be being depleted... so one thing is preparing for such circumstances and then another thing is dealing with such circumstances of decreased income and/or increased expenses once such unexpected circumstances start to happen.

If you’re in the early stage of your accumulation phase then I think it’s better to prioritize emergency funds over discretionary income, it doesn’t mean you won’t still be investing, your shares would just have to be smaller(at least initially).  a guy has $1000 discretionary income and is still in his early stages then he should put $700 into emergency fund then invest $300, that’s how it should be.
But in a situation whereby you feel that you’ve grown your emergency funds to a very comfortable level, you can now flip back the ratio and put $300 into emergency fund while $700 goes to investing.

Bitcoin investment should never be purchased aggressively, the person will invest according to his ability and will be able to keep that investment for a long time. It is said to use discretionary income but not everyone's foot size may be good, so the person will invest in Bitcoin according to his ability. There is no such thing as a fixed investment amount. You should participate in the investment as much as you can, but it is best to do it through the DCA method because it will be possible to purchase in any situation.
The DCA method creates savings for the investor, and the investor can purchase in any situation, so the risk is much lower. Because your plan will be long-term, purchasing according to your ability will be the best plan.

An investor does not have to consider so much to start investing in Bitcoin, but when the investor realizes that his expenses are less than his income and he has some money left at the end of every month or week, then that investor can start investing. In many cases, it is seen that they take extra time to start investing, and many people just wait for the right time to invest (although every time is actually right for investment) but while waiting, they cannot actually identify the right time, due to which they cannot invest.

If our plan is long-term, then we can start investing with a small amount of money. If an investor starts investing with a small amount of money in the beginning, later when he will learn more about investing, he can gradually increase his investment amount.

The important thing for an investor is to maintain investment, in order to continue investing consistently, many times the investor's investment may be irregular, but this is not the investor's problem, but if the investor sells the investment while invested, then the problem is and the investor has to plan in this regard.  I think investors should pay attention to one more thing when it comes to continuing their investments consistently: I will always be satisfied with the amount of my investment and I will not follow those who are investing more than me because the income of those who are investing more than me and my income are not the same, so I should be satisfied with the amount of investment that I can make to meet all my needs.

Good suggestion, this is something I’ve actually drafted and planned out for myself. I’ve taught of going slightly aggressive at this point, just to leverage on the current state bitcoin is at the moment.
I’m am few weeks into the effect in my investment plan though, but based on little stress currently in my cashflow, I’m not leveraging on the current state of bitcoin the way I intended.
But obviously, it’s a good time to think of being a bit aggressive, if your finance structure and cashflow is solid and can make that happen.

Buying bitcoin aggressively isn't a bad thing as long as it is being done using discretionionary income to do so and over doing it by tempering or using money that isn't our discretionionary income to do so. Buying bitcoin aggressively without overdoing will help in increasing the stash of bitcoin in our portfolio .
Investing in bitcoin requires discretionionary so if you don't have discretionionary income to invest with then you are not fit to invest in bitcoin.

For a low-income person, there are many obstacles to being aggressive, even if they are willing to invest aggressively, their financial situation stands in the way of being aggressive. We should find one source of income along with another source of income. Once we are able to find a source of income, we can easily invest aggressively without going overboard.

However, we must be able to manage our finances properly. There are many who have a source of income or a lot of income but are unable to manage their finances properly, so they cannot invest aggressively or in many cases, they become unable to maintain continuity. Proper financial management is very necessary to maintain the continuity of our investments and enjoy the benefits of the decline.