Surely it could take 6-12 months or longer to build up a fairly solid emergency fund, depending on how much discretionary income that you have relative to your expense - and so I see no reason to be waiting prior to investing into bitcoin, even if your finances are not in the greatest of orders.  Sure, if you have a lot of messy aspects of your finances, you are likely going to be needing to put them in order, but there should be no reason to wait prior to investing into bitcoin, even if you have to make your investment into bitcoin quite small relatively to where you might be able to more aggressively invest at later dates when your finances are in better order.. so in that sense, you might still consider that you are being as aggressive that you can, in consideration of various aspects of your finances.

On the other hand, if you determine that your finances are so bad that you have absolutely no discretionary income, then you may well not be in a position to invest prior to your being able to determine that you actually have a discretionary income.


Of course you have to pay attention to your own details, including your risk tolerance - yet in many circumstances if you wait to build up your emergency fund and back up funds first it could take you many months or even a year or more to get to a point that you are starting to feel that you have good back up funds..

Let's presume a very large number of people who do not invest live paycheck to paycheck, so maybe they ONLY have around 2-4 weeks worth of cashfloat that might be considered a kind of emergency fund, yet if you have no investment that you are trying to protect (such as bitcoin) then there is less to lose if you run our of your back up money, float, so part of the reason for having any extra buttress from regular people who do not tend to invest is because there is a desire to protect your bitcoin investment, and since bitcoin might be more volatile than other kinds of investments, there is more reason to protect that you do not sell any of it that is not completely at a time of your own choosing.... so yeah, part of the question may well become the extent to which you are protecting an investment (such as bitcoin), and if you are ONLY able to invest $10 to $100 into bitcoin per week, then your bitcoin investment is surely going to take a long time to grow to any significant size, and maybe it would take you 6 months or more to build your emergency fund if you were not investing into bitcoin, but perhaps if you build  your bitcoin and your back up funds simultaneously, it might take you 12-18 months or more to get them into a state of good order...

Each of us needs to decide - yet from my own point of view, I believe that it is way too overly conservative to be building your back up funds prior to getting started in bitcoin.


Everything that you say is technically correct wxa7115, yet even though not technically wrong, it seems kind of strange to me to describe your getting started in bitcoin as if you were looking for an attractive price, and I think for me, part of the point of getting started sooner rather than later is not so much about BTC price, but more so about the idea of time, since there is an expression that I believe to be true which is that: time in the market is better than timing the market.  And really it takes a really long time to build up an investment and so getting in and getting started and committing to acting on a very regular basis remains important for beginner investors into bitcoin.. and yeah, they have to study as they go.. but still getting started is important for both the learning process and the process of demonstrating to commitment through action,... and sure we might look at our costs per BTC, but it could still take us a whole cycle to really start to build up a stash, and it may not even matter so much whether we are in profits or not for that first cycle of accumulating bitcoin.. including that the more that we might think about getting in at an "attractive price" then the more we consider waiting to be a strategy rather than acting as a strategy.  I am not much of a fan of waiting as a strategy.. even if you might have some theories about down before up that may or may not end up playing out.


Ideally, you should never touch your emergency fund... so you may well have an emergency fund in place for 20-30 years or more, and you never end up touching it except for building it in order to make sure it matches with your expenses that may go up from to time.   So in that regard, you might touch your reserves and your float, and whenever your reserves and your float are getting depleted to a point that you might have to tap into your emergency fund, then it probably should be the case that you are already getting anxious to replenish your reserves and your float so you never end up having to tap into your emergency funds at all, ever.  That would be ideal and a sign of strong financial management skills.


You are using the term "low coiner" quite differently than I use the term. 

I would not consider someone who is aggressively (regularly) and persistently accumulating bitcoin as a low coiner, but instead someone in their BTC accumulation stages...

I consider a low coiner as someone who is accumulating bitcoin under their capacity or maybe lackadaisical, apathetic or whimpy about their BTC accumulation, so they might even believe they have enough when they might have way less than 1% of their investment portfolio in bitcoin.. and they might not realize that their way of accumulating bitcoin had been weak or whimpy until many years later... so I would not consider anyone who is regularly accumulating bitcoin as a low coiner, even if they feel that they don't have enough since if they are ongoingly paying attention to accumulating bitcoin then surely, they may well have as many coins as they can given the circumstances even if historically they might have had been a low coiner.. someone who was less enthusiastic about  his bitcoin accumulation.