I think that there is a difference between sorting out oneself financially and determining whether or not a person even has enough income to be able to invest into bitcoin, meaning that a person should plan on having at least a 4-10 year or more timeline to invest into bitcoin, otherwise they are trading and/or gambling rather than investing.

People who do not have money that they can spend with that kind of a 4-10 year or more commitment should not be buying bitcoin.

Don't get me wrong.  I still think that anyone who determines that he has money that he can set aside for 4-10 years or longer should get started right away, and even if their finances are screwed up, they can work out their finances as they are investing into bitcoin, so long as they already can determine that they have money that they can throw into bitcoin for 4-10 years or longer and work out their cashflow bolstering details as they go.

Sure, some folks are unrealistic, and sure some folks are not able to follow through with commitments that they made, including that if they are really poor, then they will likely need to be creating cash buffers so that they do not end up selling any of their BTC that is not of a time that is completely of their own choosing.. so surely, it could well take poor people way more discipline to accomplish their goals to be able to build up their BTC stash, and surely if they are only in bitcoin for a short period of time and they are cashing out their bitcoin, then they likely had not planned very well.. .. and sure there could be some cases in which they might see that they overallocated and they might take some out with a commitment of continuing to buy on a regular basis, presuming that they are still in their earliest of times of accumulating BTC.

I would also suggest that getting through a whole first bitcoin cycle is likely the most challenging for anyone to be buying bitcoin and to be putting cashflow management and cash buffer systems in place, and surely the less discretionary income a person has, then the less value that they have to work with in terms of options, and as we frequently mentioned, there might be ways to increase discretionary income by increasing income and/or decreasing expenses, yet for some people there might not be a lot of options depending on various aspects of their living location and their personal situation in terms of health and/or income generating skills.

Even though sometimes any of us might be in a position to help others to work through some of their BTC investing planning and/or their cashflow management planning, in the end, if we do not have information to the contrary, we also likely need to presume that people are mature enough to handle their own finances and to figure out some of the basic math that goes along with financial management.  We also might know that a lot of people are lacking in such skills, so there sometimes can be ways to help them out.. or to potentially help to direct them to ways in which they are able to help themselves if they realize that it is in their best interest to make sure that they are able to carry out the resolution of various basic math problems.


People have to be responsible to figure out if they are missing some basic math skills, and if they might need to spend some time working on some of their improving of their math skills.  They should still be able to start buying bitcoin, such as buying $10 per week and then figuring out if they are going to be able to buy more than that amount... and surely it can take a bit of time to just figure out where to source their bitcoin and to set up accounts, if they might be buying through some kind of an exchange.  Let's say for example that they are a bit confused about various aspects their budget, yet they are able to set up an account, and they are confused about some of the fees.. so then maybe they decide to deposit $200, and to use that money to buy $10 per week worth of bitcoin while they research further into matters, and surely that is 20 weeks worth of time, which does seem like a long time, but it might be sufficient to give them a target while they also have to make space in their life to spend 2-4 hours per week (or maybe more) learning about bitcoin and bitcoin related matters.  Each person is going to have different matters that he is juggling.


Removing a bad habit.. or an expense that is clearly not a necessary expense can end up creating a somewhat representative category of how to consider the bitcoin investment.  So if a person removes some kind of consumption good, and they substitute buying bitcoin, they can consider the bitcoin locked away for 4-10 years or longer with a possibility that they might get some of the bitcoin (or the value of the bitcoin) back at some later date way into the future.  As compared with a consumption good, like cigarettes, that they are never going to get that value back because they consumed the value and potentially they got present day joy out of their consumption, so perhaps bitcoin is deferred consumption that may or may not end up happening (since the bitcoin investment is not guaranteed to result in an ability to consume more in the future).

It seems to me that developing a habit of buying bitcoin every single week can be quite good to reinforce the value whether the amount is $10 per week or some other weekly amount - another possibility is that the weekly amount is flexible, yet there might be a range of $10 to $100 per week depending on cashflow, yet there might be an amount that is held on the side so that no matter what at least $10 per week goes into bitcoin in order to reinforce the habit and to attempt to manage cashflow around a priority that has been set to invest into bitcoin every week no matter what.  A guy (especially a poor guy) can ONLY set such a mandate and bitcoin priority upon himself if he has set up various systems around himself in order that he has the cash to carry out his priorities in the direction of bitcoin... and sure, some guys might not be in a position to set up such a bitcoin priority, and each guy has to figure out his own finances (and psychology) enough in order to figure out whether they can create some kind of a bitcoin priority system that involves something like investing into bitcoin every week no matter what.

Another thing is that the "no matter what" would not apply to emergency situations, yet if guys set up their various systems then they are going to create buffers so that the stronger they get their various back up systems, then the less likely they are going to encounter emergency situations.  So the systems  that they create will  reduce the frequency and the severity of their emergency situations.  That should be a goal for any poor person who has been ongoingly used to experiencing ongoing and/or regular cashflow emergencies.