Don’t you think that it will be somehow difficult to solve this mathematics of dividing income and allocating each part to basic expenses, emergency funds  bitcoin accumulation and investment because the income you are to use for bitcoin investment is a discretionary income and this discretionary income can only be realized after we finished sorting out our basic needs and sometimes we cannot really determine the amount of cash our basic needs will consume perfectly because this basic needs usually increase in prices due to the unstable economic situation of our country where by you can get some groceries for food today in a shop for a particular price and you can come back the next week for such item they will tell you the price is no longer the same as of what you bought previously. In this case you might be left stranded because you have already allocated your funds to each functions, which may prompt you to go back to the one you used in buying bitcoin and sell your holding very early to get money to complete for the food which may now prove detrimental to your long term investment goal because you’ve sold too early and sometimes due to high volatility you may even sell at a loss which is very bad.

Personally I think the best thing to do here when you receive income is to first focus on sorting out the basic needs then any money left with you after doing that should be the one to use in allocating for bitcoin investment and emergency funds and any other non essential needs.

Cash fund is the same as reserve fund and/or emergency fund.

How do you consider "cash fund" to be different from "reserve fund" and/or "emergency fund?"


How does that make sense in the order that you presented the matter and your proposed division?

You cannot invest at all until you make sure that all of your basic expenses are covered (accounted for) first... then whatever is left, after your basic expenses can be used for investing, savings (backup fund) and/or discretionary consumption.

Sure there can be inaccuracies in terms of how guys might account for needs versus wants, so frequently there can be overlap in terms of what is basic.. yet guys who are really serious about sorting out these kinds of matters could well improve upon his own expenses by making sure that he understands the differences between his own choices in regards to his needs and his wants.

By the way, if a guy has a lot of discretionary income, then he likely could be spoiled and/or sloppy in terms of his own spending choices, and surely the guys who want to prioritize bitcoin investing and maximize their bitcoin investing aggressiveness, they likely would be considering ways to better understand and sort through their needs and wants.. and, yeah, I understand that many times guys won't want to be that detailed in regards to their own spending choices, yet there are guys who may well be potentially marginally unable to invest into bitcoin, yet the ONLY way that they really are able to structure and follow through with some kind of bitcoin investing is by figuring out ways to really make sure that they are distinguishing between their needs and their wants.


Sure.  It is true that guys do not tend to need to build their emergency funds (back up funds) prior to getting started investing into bitcoin, and many times, guys already have some practice that is in place in which they already have some back up funds, so if they add the buying of bitcoin into their weekly habit, then even if they determine that their back up funds might not be enough, they likely can figure out ways (and proportions) so that they can build both their bitcoin holdings and the quantity of their back up funds at the same time and at least in a proportion that they consider to be reasonable for their own circumstances and likely the longer and longer that they are in bitcoin, whether 4-10 years or longer or some other timeline, they will likely increasingly perceive that there is value to both building their bitcoin holdings and also strengthening how they think about back up funds and how they manage such back up funds in order to support their bitcoin holdings and other aspects of their life that will also likely improve too, so long as they are being intentional with their bitcoin investment and cashflow management practices and process.


It seems to me that any guy who is considering whether he has extra money to potentially invest, save or discretionarily consume, he should be accounting for basic expenses first.. and then whatever amount is remaining after basic expenses can be dedicated towards: 1) investing, 2) savings and/or 3) discretionary consumption.

It is one of the right ways to meet the needs first and with the rest then used to invest but it seems better to set the amount too, because in my opinion the needs that must be met tend to be different every time but for the funds used in bitcoin it is better to be determined with certainty and not burden the needs that must be met. The inhibition of investment that occurs may be true because we do not know what our income will be like in the future but we should be able to strive for the best, so in addition to meeting our needs and investment we must pay attention to emergency funds, because it can help unexpected situations that could hinder the investment made. As the third point has been said by @JayJuanGee.

In deed DCA is a good Idea but for a new beginner to be thinking about investment with out knowing what DCA means is a very bad idea because at it stands now it is not advisable to purchase or invest in Bitcoins presently because of its present price because it's is better to invest when ever the price of Bitcoins is lower at a particular price.

The price of bitcoin is low right now and it actually is a good time to buy but when you base your buying time on whether the price is low or not you are setting yourself up as someone who's looking for quick profit, especially for a newbie, you might as well declare yourself a trader who you are chasing after low entry point once the price goes up you will feel an immense urge to sell because your profit will already be in front of you.

Personally if s newbie wants to start buying now I would encourage them to do so using their discretionary income but my advice for them to start won't be based on the current price of bitcoin being low because no matter what the price is I will still advise a nocoiner to start investing.
Me encouraging a person to start investing will only ever happen when they are planning on using their discretionary income, anything outside of that and you won't see me encouraging it.

Their is a popular saying that goes like this, yesterday was the best time to start your Bitcoin investment, and another best time to start is now, so I will never advice you to wait any further if you have your discretionary income available because looking at a favourable price to buy is actually time wasting, because their is no Bitcoin accumulating strategy that beats the dca accumulating strategy, since you will have to buy at every price interval, and even the lowest part of the dip that someone that is waiting for the dip may fails to buy, just because he thought that the price might go deeper.
 So I urge you to buy and accumulate it, regardless of it current price because the goal is to accumulate a huge stash of Bitcoin, especially as a beginner, not by looking at a favourable price to buy that would be time wasting to you as an investor.

Bitcoin volatility is part of Bitcoin and yes is also the reason why you can loss your money and can also gain profit, some people see Bitcoin volatile nature as a problem and the reason is because they see only the negative side of it which is dropping the price of Bitcoin but they forget it also helps to increase the price of Bitcoin, is volatile meaning it goes up in price and comes down in price too and that should not be a problem to anyone.
It is only someone that has zero understanding about Bitcoin that we use money meant for his upkeep to invest in Bitcoin if you really know about Bitcoin you will never use money for your up keep to invest in Bitcoin because it is risky and that is why we always say in this forum use only your discretionary income to invest in Bitcoin.
People should learn to invest in Bitcoin for long-term which is accumulating and holding for a very long time 5 to 10 years and above because is safe.

You don't even need to know about self custody wallets or even have access to one before you can start investing in bitcoin as a newbie, you will find that alot of bitcoin investors started holding with one exchange or the other before moving on the custodial wallets and today are still holding and accumulating more bitcoin, it's not a must that you must start with a self custodial wallets as a newbie before you can have any chance of success in bitcoin investment, what's most important for a newbie to know is that they need to invest with their discretionary income using a strategy that won't put too much pressure on them and the DCA is that strategy, common sense can help lead them through the rest.

Everyone must not start the same way and now is the era of information wjere everything is at your finger tips, so you are not entirely correct on this, a newbie can start holding his first Bitcoin from a private wallet and not in centralized exchange. There have been many reports of exchange collapse and scamming centralized platforms that people can easily learn from to be safe. Besides, some newbies joined Bitcoin through recommendation of friends so they will definitely start very well and with the right information.

I don't want to believe that you are omg those who think that self custody is something reserved for only experienced investors,  even beginners can imbibe that habit and they will hardly experience scam or loss of funds which is a big motivation for them.

Honestly speaking with you whether these two funds are in place or not it can not stop or should not stop an investor from investing or accumulating if the discretionary income is available. And for your information the back up funds is not strong or useful as emergency funds because as the name implies "emergency" that is how useful it is and it is used when something unexpected happens and as an investor you don't pray for such things to happen even though you will prepare for it and fortunately it doesn't happen all the time, sometimes you can hold as many years as possible without any serious emergency.