Quote from: Stablexcoin on Today at 05:29:18 PM

Quote from: bitzizzix on Today at 11:38:25 AM

I consider saving in a bank with Bitcoin to be the most prominent, because Bitcoin is resistant to inflation and its value will continue to increase and if you only rely on savings, the value of your money will be eroded or even continue to decrease and will not be resistant to inflation.
Saving your money in the form of Bitcoin is a good choice and also very profitable compared to saving money in a bank that will never change or increase, unless you put a large amount of money with the deposit method and even then it will not produce good profits.
And you are right, if you really need money, you can use it or cash it out quickly. It doesn't mean that you invest in Bitcoin, you can't use it if you need it and having Bitcoin makes everything easier than money because having Bitcoin is completely in our own control and we are the bank.

You are getting it all wrong. Investment, savings, business, emergency funds and to mention a few others. All are essential in our life. We cannot do some and leave the others.

We should try to recognize and appreciate that an overwhelming majority of people do not have and/or maintain investments and/or savings, and in usual circumstances, they likely ONLY have around 2-6 weeks worth of some kind a cash fund or back up fund in the event that their cashflow dries up and/or their expenses increase. Furthermore if they do start to invest, they likely will begin investing into the kinds of assets/currencies that are not even close to as volatile as bitcoin, so getting into something like bitcoin justifies the creation and maintenance (and building) of way better cashflow management systems, especially if any of us really wants to back up our ideas with actions that actually preserve our BTC investment for 4-10 years or longer, which largely means that we are not selling any of our BTC (absent small amounts that might be spend and replace).

Sure, we might not need to completely wed to a 4-10 year time horizon when we get started in bitcoin, and we do not need to get all our shit together (including our cashflow and/or our emergency funds) in order to get started in bitcoin, yet at minimum we need to make sure that we are taking from discretionary income ton invest in bitcoin rather than money we need, and if we do not have discretionary income or we cannot figure out if we have discretionary income, then we have to establish that we have discretionary income prior to buying any bitcoin. We actually don't even need to know exactly how much discretionary income we have to invest into bitcoin, as long as we know that we have some discretionary income, and we can figure out the details and get our shit in order as we go...presuming that we have bare basic levels of abilities to know or learn basic math.

Quote from: Stablexcoin on Today at 05:29:18 PM

All are important because they takes care of certain responsibilities when you need. The essence of investing is to be wealthy and that is why it is a long term plan. Savings is done when you want to start up a business or your planning for ceremonial event (marriage or any) in the future which you dont expect to touch your investment. Your emergency funds is for unexpected life events that comes at any time. It could be health, or utility bills.

I would not consider utility bills to be an emergency, since each of us should somewhat realize ballpark ideas of our utility bills, yet if we might be used to paying $50 per month in various utility bills, and then all of a sudden our utility bill is $500, then sure something like that could end up falling into the category of an emergency.

Your above descriptions are not otherwise wrong, yet I would think that if we are investing into bitcoin and otherwise attempting to make sure that we have strong cashflow management, then our building our wealth in that direction is going to give us more options in the future, and surely each of us has differing kinds of things going on in our lives in terms of the kind of employment that we might have, or if we might have our own business and/or if we might have a family to support and/or other obligations. Our cashflow management is going to differ based on some of our obligations which might affect how much discretionary income that we might have to invest into bitcoin, and surely the more complicated our income flows or our expenses, then the more likely that we are going to need to retain more value in cash so that we are not contributing to our having emergencies that we should be striving to prevent.. and also we should be striving to prevent dipping into our BTC investment too.. at least during the time that we are building it up and getting the bitcoin stash size to a level that we might conclude that we have enough BTC or more than enough BTC.. .which could take 4-10 years or longer to establish, and surely it could even take 20 years or more for some of us to get our bitcoin stash to such a level of over-accumulation.

Quote from: Stablexcoin on Today at 05:29:18 PM

So you see, all of them have a part to play in our lives. While we skip one or more we tend to find ourselves in a difficult situation where we can be pushed to make wrong decisions that can affect us.

Sure.. This statement is true, even though there is likely going to be prioritizing of the various kinds of funds and balancing that goes into considering various factors that come into play if we are investing into bitcoin, and so in that kind of a general sense, I had tried to put them into 9 individual factors that we should be considering, attempting to balance and to tailorize to our own circumstances.