Quote from: snowpega on Today at 06:55:05 PM

Quote from: JayJuanGee on Today at 04:39:56 PM

You should not rush beyond your capabilities, so if you are having trouble investing between $10 to $100 per week, then maybe you either have to figure out ways to increase your cashflow or to decrease your expenses.. and at the same time, of course continue to have a decently good sized emergency cushion so that you can have a large amount of confidence that you will never need to use your bitcoin for emergencies (in other words your bitcoin should not be part of what you believe to be your emergency fund.. because you should ONLY be selling your BTC at a time that is completely at your own choosing. not because you are forced into such position.. and perhaps forced into such position due to inadequate/insufficient planning).

Very Sage Words well i think words you have mentioned here hits kinda different to me these words motivated me alot like as you said cashflow give confidence which is so accurate like this is also what i have experienced in my life. I remember when i had no money i was very demotivated like i used to talk people like those talks were very strange and demovited so when i started to earn money like i used to talk people very energetically and motivatedly.TBH these all are not about just money this is the true aspect of life that cashflow give you alot of confidence like i believe if you are rich whatever you say if it is shit people will also appreciate you on that why? Because this is not you who he talking at this time this is the the status you have build which they are seeing and giving you respect.

I would say at the start of this paragraph you said if we don't have much availability to invest that little amount that you have mentioned like 10$ to 100$ so this is not good time to invest this time is to be groom and come to that point we have enough potential to do investment which is we have as our savings and besides those saving we have enough amount to spend and fulfil our desires in that way we would be able to accumulate very well Amount of Btc.

Those Btc will not be extract as emergency position we will be able to extract those BTC only When we reach the Fix goal we have fixed in our minds So i think it is going to be a good idea

Each person has to figure out his own allocation, and I use $10 to $100 per week as an example of an amount that could work in order to attempt to make progress, but in the end, if someone is figuring out how much money s/he has available for investing, and s/he might consider that putting aside 10% for bitcoin investing, then it could take 10 years to invest 1 years worth of salary, and at the same time, whether that investment grows or not over the 10 years might help to inform such person about whether s/he is investing aggressively enough or whether s/he is allocating to the right kinds of assets, whether bitcoin or other assets or other ways of managing his/her investment portfolio.

Quote from: Agbamoni on Today at 07:57:14 PM

Quote from: Winterfrost on Today at 07:52:54 PM

[edited out]

I'd say you hold onto your emergency fund and start investing what you can into Bitcoin using a Dollar-Cost Averaging (DCA) plan. It's VERY IMPORTANT to have an emergency fund, Kodec and JJG explained it well. You already have enough money to cover a year's worth of mortgage, food, and gas, which is essential for times like these. I personally wouldn't take the risk, and I advise you not to either. Speculating on whether Bitcoin will increase by 100X after the next halving is uncertain. It's better to pay off your debt first and then invest what's left. Your mental well-being will benefit from this approach. As many others suggest, stick to your DCA strategy.

Usually the standards for emergency fund would be 3-6 months, and there could be separate kinds of buckets for various kinds of expenses, but emergency fund is something that is not really expected too.. of course, you could go up to a year, but that might be a bit too much.. depending on your circumstances.

Another thing is projecting out your cashflow and expenses, and you can go out 18-24 months or longer, but how far you go out may well relate to how complicated your cashflow expectations, yet the cashflow versus expenses of the next few months are still going to be much more important to have good understandings about as compared to those that go out further.