I personally believe that it is best to get started investing into BTC ASAP, even if you might not have had sufficiently secured your 3-6 months of emergency funds.  Surely you can engage in multiple kinds of behaviors at the same time to get your financial and psychological house in order, and if you have really straight forward finances, and maybe even other investments that you could draw from, you might be able to get away with an emergency fund that is ONLY 3 months, but if you have a lot of complications in your cashflow and/or your expenses, you may well need 6 months of expenses saved up, and the more aggressive that you want to be in terms of your bitcoin investment, the more likely you will need a larger (or longer period) worth of emergency funds.


The fact of the matter (based on posts in this thread and in his other thread) is that OP has disclosed that he likely blew his whole wadd on making a lump sum investment that he might not have had been in a position to afford.. or at least it is quite a deviation from his initial ideas, and he had not really saved for doing aggressive DCA and/or buying on dips, so he had largely been overly (perhaps gambling) on up, and he barely has enough to do $10 per week (which he said his plan is to do $50 per month, and yeah maybe he is holding some of that back for buying on dips?  perhaps? perhaps?), so it seems to me that he is not in any kind of a position to buy $100 per week of bitcoin unless he robs a bank or something like that (which I am not recommending), so it is really difficult to know if OP will ever reach 1 bitcoin - even in 10 years -  unless he is able to either increase his cashflow and/or to decrease his expenses... or if there also might be some other matters about OPs wealth that he did not mention.

Of course present cashflow and circumstances do not necessarily foretell future possibilities and/or limits in regards to cashflow and other wealth related circumstances, so it is possible that OP could improve (or increase) his cashflow circumstances and therefore increase the amount of BTC that he can buy whether he does more lump sum purchases, buying on dips, and/or DCA to attempt to accomplish such an aim for one bitcoin, if he is even thinking about the necessity to reach such randomly (arbitrary) and potentially unnecessary and/or inapplicable an amount.


But even JJG can be wrong.. so don't come crying to me when (or is it if?) you lose all your money.


Yep the default is mostly to say no to shitcoins, and if for some reason you cannot help yourself to gamble and/or experiment then maybe go up to 10% of your holdings in shitcoins, absent some kind of inside knowledge and/or superior information, which is mostly never going to be true unless you happen to be a scammer or teamed up with some scammer who is not scamming you, too.


4-10 years or longer. is a good starting point in the way of considering bitcoin investing, especially for any kind of lump sum investment.... and there may be folks who have shorter than 4 year timelines because of age, health and/or even some personal circumstances.. and those folks should be investing less into bitcoin rather than more... that is if they are wanting to attempt to play some kind of a wave, then they should be playing with less money if they are wanting to try to do that with bitcoin with money that they might need in less than 4 years.. and one of the ideas of the advise of not investing into bitcoin money that you cannot afford to lose is that you already have your shit together in such a way that you may well not even need the money in 4-10 years or longer and you are willing to ride your investment into bitcoin down to zero if that kind of scenario ends up coming to pass... so be as aggressive as you can be, while at the same time realizing and recognizing that there are no guarantees that you won't end up losing all the money that you put in.


Diversification for the mere sake of diversification is usually not a good idea, so hopefully guys are not so dumb to fuck around with shitcoins until they established their bitcoin strategy first, and then maybe if they are the gambling types then maybe they could dabble up to 10% in various shitcoins... but it might not even be wise or necessary... but hey people can choose what they like, even when they have amongst the best of investments in front of them (namely bitcoin) and if they want to either dilute that investment or to play around with shitcoins, then that's their choice... hopefully if they do end up playing around with shitcoins they realize it is an in and out strategy in order to get more bitcoin, so then why even go through a process of figuring out which shitcoins are worth your time, energies and monetary value to put into those kinds of snake-oil pump & dump type products.


It is not easy to get in and out of something once a lump sum investment is made, but I do agree that if someone recognizes that they had made a mistake, they might have to adjust their strategy in order to allow them funds for what they should have had done, which is being able to DCA and buy the dip with similar amounts... and there are no exactly strict rules regarding how much should be allocated to each category in regards to DCA, buying oin dips and lump sum.

So let's say that OP had $1,500 in cash and then he ONLY has around $50 to $100 per month that he could use to buy BTC (so let's call it $75 - so that would be right around $450 over 6 months.), and so even if we might say that his total budget over 6 months is right around $2,100, then for me that would be $700 in each category, but that does not even mean that what I am thinking is the best way to do it, but that would be my initial inclination and thinking point based on the information that I have, and if there is other information to change what I am going to do, then I might adapt that and maybe lean a bit heavier on the lump sum being higher than $700 but then that would end up taking away from the one and/or the other of the allocations... so for sure there are trade offs, and we have to be careful if we are going all in.. but if we do end up doing something like that, we have to be willing to live with the consequences that if the BTC price moves against us, then all we have left is $75 per month to make BTC buys.. and maybe that ends up being enough for whatever trade-offs that we were weighing.


When I first started investing in bitcoin in late 2013, one of my goals was to invest and also to study bitcoin for the next 6 months, and then I extended the same budget for the next 6 months, so then after a year, I had learned quite a bit, but I continued to study bitcoin and to tweak my strategies from time to time based on my learnings... and surely sometimes mistakes are made along the way, and frequently there are ways to recover from mistakes in fairly prudent manners, but it could still take a while to completely recover from some kinds of mistakes, yet it seems the longer that we are in bitcoin, the more likely we can put systems in place to mitigate mistakes and even to lessen their impact or the likelihood that they will happen.. but we still will likely continue to learn and to make some mistakes at various points along the way.. and one of our goals might be that when 4-10 years or longer comes along, we are still in the game and we have not been reckt in the process, and maybe even if we are fairly young, then we want to be improving our lives even 15-30 years down the road with some considerations that we are still going to continue to have BTC in our holdings, absent some convincing changes (or undermining) of its investment thesis.


That is a good point too, peter0425.  Even if we might be learning and we might be reading various ideas about bitcoin and bitcoin investing we have to come to our own conclusions in regards to what is best for our own situation, and then to own our decisions, including to make adaptations if we believe that we need to make them, but not necessarily to make any changes merely because someone on this forum made such suggestion(s)..