You need a discretionary income to start investing in Bitcoin, likewise you don’t invest with all your discretionary income, you will have to separate your reserved funds of emergency and backup funds, I don’t know if there are people who buys bitcoin on a daily basis, so if you’re buying bitcoin on a weekly basis or monthly basis you have to gather your income and decide how much your bills are worth, and your discretionary income to ascertain how much you will be accumulating that week or that month, so you will need to have a good financial plans and have a buying strategy that would be suitable and sustainable to you financially in the long term investment.

How will an investor cause an emergencies like wind blowing off the roof of his house? Or flood from submerging his house? Investors can not cause emergencies to happen neither can they stop it from happening. Emergencies happen naturally, the only thing investors can do is make provisions to take care of those emergencies when they happen.

Emergencies doesn’t give notifications before they happen, and it’s not also a guarantee that it will happen but there’s a 100% probability that an investor could face an unexpected situation or event in the long run of investment and at such, it’s better to make hey while the sun shines. Don’t neglect the emergency funds because you think it’s not certain to happen. An investor can still be buying bitcoin and along side keeping some part of his discretionary income for building the emergency savings.

If you already understand the importance of the emergency funds then why treating it as though it’s less important. If the fund you’re talking about here is the emergency funds then I need you to understand that the emergency funds is very much vital for every long term investment/investor. Most investors are financially secured that they don’t need to keep building a separate funds for emergency funds, they can easily make available cash when in an emergency situations even if they didn’t save it gradually because they have the financial resources and support to do that easily. But we plebs must ensure we build the emergency funds gradually while investing In bitcoin by keeping some part of our discretionary income for such purposes.

Here you’re digressing a bit out of the purpose of a long term investment/investor whose focus is on a regular and consistent buying of Bitcoin with the DCA , you’re talking about keeping money aside for the purpose of buying the dip and it’s beginning to sound like a traders mindset because there’s a trade off when keeping money aside for buying the dip you’re not sure when it will happen. You can increase your purchase at any market price with the DCA if you have the financial power to do so without getting to wait until the market dumps before doing so. That’s a trader’s mindset.

Poor people tend to have fewer resources to fall back upon, so it tends to be more important that they simultaneously build up back up funds at the same time as they are building up their bitcoin holdings so that they are better able to tolerate fluctuations in their discretionary income that may well be loss of income and/or increases in expenses...

If there really is an intention for poorer people to hold onto their bitcoin for 8-10 years or longer, then they have to purposefully put systems in place to safeguard their bitcoin from the various fluctuations in their income/expenses that tend to be inevitable over such a long period of time.  If a guy is seriously investing into bitcoin, he surely should want to not have to sell any of his bitcoin in the 8-10 year or longer timeline, and even difficulties in building such a timeline, and sure, even a guy who might have had been investing into bitcoin for 8-10 years or longer, after the time had passed, he may well find himself having had made quite a bit of progress but still not very close to his ultimate goals of being able to either completely live off the proceeds of his bitcoin or perhaps just being able to use his bitcoin to supplement whatever other income sources that he might end up having.


You are likely living in a fantasy and believing whatever big daddy (government and status quo powers that be) tell you to be the case.

Of course, there is variance in the kinds of goods and services that you are seeking to purchase, yet the rate of inflation was likely averaging greater than 10% for several years in and after 2020, and there is almost no fucking way (except maybe some select products that the inflation rate is only 2.5%-3%).... By the way, there maybe be abilities to get 2.5% to 3% price increases on items that had already doubled in price over the past 5-6-ish years, and then now they are coming back down in price or even decreasing in price based on their having had gone up so greatly in the past 5-6-ish years.

I doubt there is any need to go in to good by good  or service by service comparisons.. .and sure you can believe whatever you like in terms of what I consider to be fantasylandia ideas of supposed stability that you would like to consider in terms of why you might believe that allocating to bitcoin does not matter.

And, of course, think about bitcoin?  What has bitcoin done in the past 5-6 years?..and maybe some of the adjustments in bitcoin even started in 2019 since we might consider even sub $10k BTC prices as a base point for guys who had been accumulating bitcoin in 2017, 2018 and/or 2019.

Oh yeah, you have only been around the forum a little over a month, but you still seem to supposedly know a lot about bitcoin, and surely many guys will try to create short-timelines for bitcoin and to selectively measure it, yet if guys had been accumulating bitcoin between even 2017 and 2020 and spent a good 4 years accumulating bitcoin during that time to create a pretty good base in bitcoin, then they would have had beaten the fuck out of debasement and the increases in their prices.

Of course, when we are looking at various timelines after 2020, then the results are not so spectacular, yet bitcoin's investment thesis has not really gotten weaker since 2021 and thereafter, even though we are likely also going to find (later down the road) that guys who had been accumulating bitcoin 2021 to 2024 are going to have had beaten the hell out of the otherwise ongoing and even seemingly guaranteed debasement of the dollar (and other fiat).  The pattern is likely to continue so the earlier that you get into bitcoin the better, and if you are a more recent entrant then it still might take you 1-2 cycles or more before you really start to tangibly notice the benefits of having had allocated into bitcoin rather than either allocating into dollars or some other assets (even though sure there are always going to be examples of certain segments outperforming bitcoin in various short term snapshots), yet bitcoin still remains an asset for everyman, including poor people who might ONLY be able to allocate $100 per week or $10 per week or some other relatively modest amount.


I don't need to make any compelling argument for BTC, since you and anyone else is free to do as you please, including remaining in a fantasy land in which you believe that bitcoin is not helpful to you and/or your finances.


It is not easy to measure some of the various smoke and mirror indicators, even though surely guys who have been building their bitcoin holdings over several years, such as a cycle or two or more, are likely able to feel and notice their own relative strength and greater options that they have due to their having had allocated decently well to bitcoin...and yeah, it can even take a while to build up a bitcoin holdings and also to have that bitcoin holdings working for a while when it is still being built and perhaps after some time when guys might have had ended up putting 1-2 years of their income into bitcoin.. .whether they are only able to allocate 10% of their income per year to bitcoin or maybe they are able to front load and allocate larger amounts...and of course, guys who had been able to allocate more sooner have had more ability to measure meaningful improvements in their options.


We can agree to disagree, and it seems that if we are measuring over a period of 5-10 years or longer, there is quite a likelihood that we are getting 5-10% per year of debasement, even though surely there is regional variance and there is even variance based on the goods and/or services that might be in any consumers basket of goods.  I will concede that there may well could have had been lower debasement rates prior to 2020.. yet surely from 2020 and thereafter, it would be hard-pressed to come up with debasement rates that are lower than the 5-10% per annum range, and it tends to be likely towards the higher end of that range.. and really it is also quite difficult to imagine a future in which the annual debasement is really going below that range, even though surely there could be some reprieve years and surely as I already mentioned, there are some goods and services that went up so much in the prior years that they might either stabilize, go up less or maybe even come down in price in the years to come based on their already having had greatly gone up in price in earlier years.


Huh?  Back up funds are emergency funds, reserve funds and floating funds.  Sure floating funds do not tend to be anything that is being held beyond any pay period since they might be additional funds that are just available based on unknown expenses for the pay period, and once those expenses are resolved the remaining floating funds can be put into discretionary income.

By the way, emergency funds tend to be amounts that you want to hold and to not spend on anything else except for emergencies, which largely would be if you have decrease in income and/or increase in basic expenses, so that emergency funds would be used to cover basic expenses that cannot be deferred until the next pay period.  Reserve funds have more flexibiity and they tend to be back up funds that are in excess of emergency funds.  Both emergency funds and reserve funds are forms of back up funds, yet the reason to separate emergency funds out is because guys likely will set limits for themselves in terms of how much they will tap into their back up funds at any given time, since they do not want to deplete their emergency funds in case they face some situation in which their income goes down and/or their basic expenses go up.. so they would not have any choice but to use emergency funds in the event that they do not have reserve funds and then they likely would use emergency funds prior to tapping into their bitcoin, since perhaps if we are talking about bitcoin we are wanting to prioritize it for investing and/or holding for 4-10 years or longer, so we are keeping various back up funds (including emergency funds) to protect our bitcoin from being tapped into.

You seem to be mixing up categories.

Discretionary funds (that is money available after accounting for basic expenses) can be used to invest, save (emergency funds/reserve funds) and/or discretionarily consume.

Everything you just said is a fact Sir, rich people are already wealthy and might either use Bitcoin to maintain their wealth cause it's a good store of value or for sovereignty in terms of carry out transactions, but the poor needs to get away from poverty with the help of Bitcoin which is why they should take it more seriously and sacrifices some expenses that could've been used for fun/entertainment into Bitcoin and hold for years.

You're also spot on Sir, while the rich have more than enough to cater for the necessities and also enough discretionary funds which makes it easier for them to be very patiently and watch their money grow into better figures in the future, the poor lacks patience cause they got lots of responsibilities which sometimes makes it tough to generate more discretionary funds for investment which is why the majority of poor people go for options whereby they’ll get quick money forgetting or regardless of the risk.

You are giving a misleading example above, maybe it's a mistake and should be corrected. The discretionary income is the money left after taking care of basic needs and NOT after handling basic needs and emergency funds as you mentioned above. To get your discretionary, you don't need to handle your emergency funds first, nope. Your emergency funds is gotten from your discretionary income.

Once you have taken care of your basic necessities, all the money left or remaining is your discretionary, and it is with it you will 1)invest, 2)build emergency funds and other back up funds and 3) handle your discretionary spendings. This shows that the money left after taking care of your basic needs(discretionary income) serves different purposes to ensure you have a safe investment journey.

Thats not quite right. Today, many crypto exchanges and brokers (especially those offering recurring savings plans) charge percentage fees (like x% per trade). In this case, it doesnt matter if you invest 100€ once a month or maybe 3,33€ every day, so with percentage fees, the total fee amount stays exactly the same. 

The real downside and something you definitely need to keep in mind is tax tracking. Just for example, here in Germany, Bitcoin is still tax-free after holding it for one year. But with "hundreds of transactions" every year, tracking that one-year holding period (using the FIFO method) gets very confusing without special tax software. So of course a weekly or monthly savings plan (DCA) is definitely a much easier and less stressful way to go, but you still need to keep a few things in mind, like your tax records.

What you are saying is confusing @Just Say.  Emergency funds and back up funds do not have any priority in the context of discretionary funds.  When a guy has discretionary funds, then those are used to 1) invest, 2) build up back up funds/emergency funds and/or 3) discretionarily consume. 

Also, basic needs have already been subtracted out of what ends up being discretionary funds, so I don't know why you are talking about basic needs in the context of how discretionary funds might be used.


This part of your explanation is confusing, too.  Back up funds is a generic category, and within back up funds is 1) emergency funds,  2) reserve funds and/or 3) float.  Sure, any of the back up funds could be used to cover shortages in income and/or increases in basic expenses to the extent that discretionary funds are not sufficient to cover...and since emergency funds and reserve funds may well build up.  I consider float to merely be temporary amounts of money that would cover unknown expenses, yet once the expense becomes known, then the remainder of the float would get returned to discretionary funds.


This part is confusing too.  Personally, I don't really like the idea of buying bitcoin daily unless you have made your weekly budget to account for it.  Generally it is good enough to buy weekly, if you can whether you are paid weekly, bi-weekly, monthly or some other frequency.


I doubt that it is fair to presume that all poor people can figure out ways to increase their income and/or cut their expenses, even though sure, there may well be some poor people who might be able to lift themselves up by their bootstraps and increase the amount of their discretionary funds.  Others might not be able to increase their discretionary funds in meaningful ways, whether it is age, health or maybe various other encumbrances that they might have related to their past relationships or what they were born into.

I agree with you, there are some argument in Bitcoin investment that is not necessary because the more you keep arguing the more opportunities are been passed by, so instead of doing that, the energy and time been used in argument if it is been channelled to accumulating Bitcoin I am sure that will be more great and useful than arguing vain. Some people forget about Bitcoin accumulation and be saying what they don't know instead of putting those noise into work.