Wakate didn't really make the advantages talked about or his or her point clear and that gave it the view proty is emphasizing. Talking about diligence in accumulating Bitcoin or diligent investor and greedy investor and pointing at taking advantage of the market are already incompatible. Just asking, how does a diligent investor take advantage of the market and what is the greed about or are the greddy investors from the point made? There should be clear emphasis to avoid misconception because ordinarily when you point at taking advantage of the market members will think of quick gains like proty is emphasizing and diligent accumulation ordinarily has nothing to do with quick gains and ordinarily a greedy investor would look out for quick gains.

Just to clarify, in situations in which a guy might have little to no back up funds, then he may well want to build up some base level so that very straight-forward and common fluctuations in cashflow do not cause emergencies for him, and surely it can be quite common that guys might even have short periods in which their income goes down and/or their expenses go up, and back up funds can absorb those kinds of likely to occur irregularities that any of us might end up going through.

And, yeah, your other observation about the contribution to the back up funds gradually going down has an assumption that the back up funds are continuing to build up, yet they are no longer at such a low level that they are unable to help even basic levels of fluctuation in the discretionary income... so yeah, guys are not going to be accustomed to holding so much cash, yet at the same time, if there are ever any cashflow issues, guys are going to feel a lot more rich by having funds available to deal with a variety of cashflow issues.

Also, if bitcoin and back ups are built up at the same time, we likely know that the bitcoin portion has potential to be able to grow, yet the cash that is in back up funds is likely ongoingly decreasing in purchasing power, so the bitcoin's potential offsets the inevitability of the cash ongoingly losing value (even though we are presumptively ongoingly adding to the cash and building it up to larger and larger amounts that are losing value in larger amounts).


For sure, we have more abilities to try to control our wants as compared with our needs, yet at the same time, we likely need to ongoingly use some of our money to pay for our wants, and there surely could be some variation in how much we choose to spend on our wants.

At the same time, it is problematic for guys to frequently act as if their expenses for wants are $0, which is a lot of bullshit, and they are likely lying to themselves when they calculate their expenses for wants to be $0.  Furthermore, there surely could be some periods where guys purposefully choose to spend $0 or close to $0 on their discretionary consumption, yet it would not be sustainable for them to project their expenses on an ongoing basis as if their expenses for wants (discretionary consumption) continued to be $0.

The key to every Bitcoin investment is not how much you invest in it, but how consistent you are in your accumulation, because the size of your stash is what's going to determine how profitable and successful you might be in the future, so consistent accumulation puts you in a better position to reap the full dividend of your investment if you can be able to hold for a very long time.

Overtime it has been proven that trading is a no man's game, because the chances of losing is a lot higher than the chances of winning, so it's no where near a Bitcoin investor in terms of profitability for an extended period of time, so it makes no sense to be following the difficult part which is less profitable, when the easier part which is Bitcoin investment is available and is more profitable.

Yeah it is certainly good, especially in maintaining folks investment over a long term period (but it isn't absolutely necessary when kickstarting your investment journey)...At the start of your investment, what is most important is that you have your Discretionary income, regardless of the size it is.. And as one goes on with their investment, they can then try figuring out ways of ensuring that their investments is maintained.. And to achieve this, folks could very well look for ways of increasing their discretionary income so as to make it much more easier to allocate more to Bitcoin while also having spare discretionary for consumption and to build backup/or emergency funds...

You are absolutely right, it will definitely be a problematic for anyone to frequently say that discretionary consumption have to be zero, if anyone decided to ignore it definitely your investment will be at risk because some of WANTS are also more important that some NEEDS,  my reason for this support is that if you know what you want and honestly you did not do it, it actually affects someone and that can also affect your investment that is why it is very very necessary for us not to live our discretionary consumption to be $0 balance.

You seem to be sounding like the wants are more pressing or important than the needs which I will answer in a Capital letter NO! It is not more pressing or as Important as needs because needs are the essential things that one can not do without but we can do without wants that is the difference. Those expenses that an investor should take care of are needs and not wants. You can actually want something without needing it, I hope you get the explanation.

I am not trying to put WANTS as important than NEEDS, WANTS are something we cannot do away with but a lot of people make mistake by only fulfilling their NEEDS without looking at WANTS, which I said that WANTS is also very important when it comes to investment, making WANTS available also make an investment move freely. Before now I don't consider WANTS in my investment which make me struggle in the process. It is not that I don't plan for any vacation but whenever I want to go Vacation I struggle to meet up.

Needs are the things you must do which if you fail you will regret it, but as for WANTS is unlimited which come ups at any moment and that is why making provision for it is actually the best because without it we cannot even enjoy our life, and enjoyment is very important to us.

Also a real investor quickly pick up the easiest and stress free strategy that does not cause delay or any inch in investing which is the dca first and start accumulating and holding with the aid of his discretionary income before thinking of any problem to solve and look for a way out immediately because the market does not wait for anyone but keeps going therefore serious investors grab opportunities .

You are exaggerating too much.

If guys are figuring out how to differentiate between needs and wants, then there can be almost no way that wants would end up being more important than needs.  Needs cannot be deferred, even though wants can... and yeah, the payment for needs could be deferred if someone allows late payment.

Maybe you want to provide some example in which you have found out that "wants" to be more important than "needs"?  I would suggest that if you are finding such examples, then you are likely misclassifying the situation and/or distorting reality if you are finding such examplesn that you consider to be realistic and/or actual examples of wants being greater than needs.


There is nothing wrong with you proclaiming that wants can sometimes be very important to individuals, yet by definition needs are more important than wants, even though surely irrational people are likely to confuse the two and/or not be able to recognize the difference between wants and needs, and hopefully you either already know or you are able to figure out how they differ from each other in terms of your own prioritizing certain expenses in your budget even though perhaps there might be circumstances in which you might not be able to defer some of the costs of your wants.

Of course, humans are not robots, so there are emotional elements that we might have to sometimes satisfy whether it relates to our own direct emotions or perhaps some of the emotions of other people who we might be responsible to support (or we feel some need to support them).


DCA does not guarantee that you do not lose money, even though surely DCA tends to be a good strategy for anyone to figure out and apply their level of aggressiveness (or whimpiness) in terms of how much they buy and in light of their own cashflow situation, and surely with DCA it tends to be better to have an asset that is likely to have an upward trend, even if the asset might have periods of volatility and even periods of downward price movements.

Let's say a newbie wants to start buying bitcoin, they've already figured out their discretionary income so going forward they can split their discretionary income into three parts, 2/3 can be used for buying bitcoin, 1)3 can be used to set up their emergency fund and the rest of their backup funds after if they don't already have their backup funds in place and the last 1/3 can be used on whatever they want to spend it on, it might take some time but after setting up their backup funds they can redirect to buying bitcoin and in so doing increase their aggressiveness as long as they feel okay with it, a smart investor knows to invest within a tolerable range from their discretionary income.