There is no reason to cite my whole post when responding to me.

Perhaps you have to figure out your priorities?

Bitcoin should be your priority, and it can take 4-10 years or longer to build up a decently good sized bitcoin stash that might then contribute towards your consideration that it might be o.k to diversify outside of bitcoin, yet I am not referring to trading or fucking around with shitcoins.

If you build up strong cashflow management systems, and mostly focus on building up your bitcoin stash first, while studying bitcoin and studying your own circumstances, then you may well get yourself into a position in which you better understand why focusing on  learning bitcoin first is a good idea so that you better know how to prioritize it and how to manage your building up of your bitcoin stash realistically within your own means.. without trying to fuck around with trying  to trade it and working on reducing your emotionality towards it... and it seems to me that if you manage your finances in a better way, then it reduces quite a bit of the emotional matters (it might not completely take the emotions out, but putting yourself in good financial circumstances helps you to better manage your emotions).


Your extra income is not the same as an emergency fund, yet sure if you are making extra income then you have way more room to have extra funds, yet those extra funds do not help you if your source of income dries up.


Having a stable source of income and having an emergency fund are different things.

Of c course,  you are in a way better position if your source of income is stable and reliable, but it still is not that same thing as an emergency fund, even though you have more options the higher your income and the more stable it is and you can choose to spend your extra money on consumption goods, investing or sometimes the investing/consumption might overlap.

You are likely being lazy if you believe that your source income covers everything relevant to your needs to cover emergencies that relate to income drying up and/or expenses going up.


You are repeating your wrong idea.  I will suggest that there are some folks who have various other investments or other resources that might be available to serve as emergency funds, so their extra funds and/or assets might not seem like emergency funds, even though they can be used in that way.  But the existence of alternative assets does not cause income to be a good source of emergency funds or even to fit into the same category, even if there are other people (just like you) who are foggy and sloppy in their thinking because they fail/refuse to recognize the difference between emergency funds/back up funds and income (or sources of income). 

Another thing is that a person can have several sources of income, and they can serve as back up funds that cover various kinds of emergencies, yet if all of those sources of income require work, then they could well end up drying up fairly soon after you get hit by a bus (truck or asteroid), and sure, you might end up having reasonable recovery time, yet if you don't have any emergency funds, you may well end up finding yourself dipping into your BTC holdings at a time that was completely not of your own choosing, since your failure/refusal to establish an emergency fund ended up causing your bitcoin to have to serve as the emergency fund that you failed/refused to establish since you thought that you were smarter than everyone else and you thought that you had all situations sufficiently covered, but you didn't... which ended up being that you might have either created your own emergency or you caused some small cashflow incident to end up becoming an emergency because you failed/refused to build and/or maintain any back up funds.


If someone has a lot of money, then he has choices between DCA, lump sum and buying on dip.  So those with more income tend to have more options, yet if they are buying regularly, then that still might be considered DCA even if sometimes there might be higher levels of cash that come in.. yet if there might be some concerns about whether to defer buying with cash that comes in, then DCA and/or buying on dips could be two forms of deferring buying right away... which may or may not be a good idea.

A person who has a lot of income may well have abilities to reach fuck you status more quickly than folks who don't have as much money, so anyone who chooses to be more aggressive with their investment levels, for example getting close to using all of their discretionary income for investing into bitcoin, then those persons will end up being well served by emergency funds and other kinds of back up funds.  Of course, any person who  has any regular income may still not have regular expenses, and to the extent that income and expenses vary, then it can become more important to get good at managing float funds, especially if any one has chosen to purposefully increase his level of aggressiveness in regards to investing into bitcoin...so if you are being more aggressive in your investment, then it does not matter if you have a strong source of income, you still would have to be able to figure out how to manage that income properly and with the right kinds of balances and keeping some funds aside (aka emergency funds and/or back up funds and/or float), especially if you are trying to maximize your level of aggressiveness in regards to your bitcoin investment.


The above are two good examples of an emergency, and other example is if you get hit by a bus (truck or asteroid), and then you might be injured and/or unable to work for several months depending on the extent of the injury, recovery time and the kind of work that you do or the kind of income that you have (if your income depends on your efforts or is your income passive income that you do not need to work to receive it).

But yeah SOKO-DEKE is goofy, uninformed and/or spreading bad information if he is presuming that cashflow and emergency funds can be treated as the same thing when they are not, and even though there could be some circumstances that income is received no matter what, then that might be a different situation, even though there sometimes can be problems with passive income sources too...that might take some time to resolve if they end up suffering from some kind of drying up (temporary or not).


We are not going to get into this argument (discussion again), are we?  Sure.. whatever, I don't mind repeated themes.

You already may realize that I believe that it is possible to be able to accomplish both, but we surely might have to make sure that we get to a sufficiently hight enough status prior to pulling the fuck you lever, and if we pull the fuck you lever too soon, then we are depleting our principle by withdrawing from our asset faster than it is growing.

So the trick is somehow getting over the hump in which we can  both start to withdraw from our asset (in this case bitcoin) yet not overly deplete it, since we want our asset to be able to sustain us indefinitely, especially if we are relatively young.

Of course, if we have some reason to believe that our life will be ending soon based on health and/or age, we might start to expedite our depletion of our asset.

Part of the reason that I am concerned about your continued expression regarding wanting to be able to pull the fuck you lever while you are still young is because there might not be a whole hell of a difference between being able to live without working (by depleting your asset) versus being able to live without working and not depleting your asset.

I hate to get into particulars, but surely, I have described a lot of situations, and even gotten into some battles with other forum members regarding how much BTC is needed in order to pull the fuck you lever, and frequently it is not as much as some forum members believe, yet with you, I get the sense, that you are getting too anxious, and you are going to end up depleting way too much of your BTC too soon based on some lacking of patience.. which you would just proclaim is a reasonable difference of perspective.

I otherwise agree with your assertion that one of the reasonable definitions of having a luxury would be having the ability to choose not to work.. and therefore to be able to choose which work to get involved in, if any.

I do also maintain that management of your own portfolio is likely a continued kind of work that is difficult to delegate out, at least not delegate out completely.


I agree with everything you said ASloveapg, except that your assertion that an emergency fund should be established within no more 2-3 months after starting to invest in bitcoin. that sounds a bit like gambling to me. .sure not full-on gambling,  but still a variation of it..

Yep, there is no strict rule or exact right way to balance out how to get started in bitcoin, yet I would say that most people, even relatively poor people might come to bitcoin and still have a 2-6 week cash cushion,  so  people already are in the habit of maintaining a bit of an emergency fund, even if they don't call it that.

Personally, I consider that anyone who invests into bitcoin and  does not have at least 3 months of an emergency fund, then they are using their bitcoin as their emergency fund.  At the same time, I personally think that getting  started is important, and the use of bitcoin as a portion of the emergency fund is acceptable as long as the emergency fund is being built simultaneously and so reasonable  efforts are being made to get the emergency fund up to a minimum of 3 months expenses... so my own thinking is that they are build simultaneously, with an acknowledgement that a certain amount of risk is happening while both the emergency fund and the bitcoin investment is being built up in its first stages of getting to 3 months each. 

Also, since my own idea about emergency funds should never be tapped into absent an actual emergency, then it is quite likely that any newbie investor is going to have to build back up funds beyond the three months of emergency fund, and the amount of backup funds that are built up beyond the three months of emergency funds have more flexibility in  regards to how they might be  used, but if the back up funds are getting depleted first and it is getting to a point of dipping into emergency funds, then there better be some actual emergency going on rather than sloppy cashflow management or inabilities to control desires to buy extra corn on the dip.

It likely is more stressful getting these various back up funds established as compared to managing them once they are established, and surely even over a 4 year period of time, if someone is able to establish an emergency fund fairly quickly and also get his bitcoin investment  up to 3 months of his expenses, there still are likely going to be challenges in regards to various demands that guys might have on their funds, and surely some guys have more complicated finances (and relationships) than other folks, so frequently there may be demands on their funds and various competing interests that have to be balanced and considered, especially some folks might have to learn new ways of disciplining themselves financially than they had previously employed, especially if they want to try to give a certain amount of priority in their aggressiveness to accumulate bitcoin.. which is not always easy to accomplish when we are also wanting to maintain relationships with other people and not want to appear overly self-ish which means that we should be sharing in some of the expenses and sometimes picking up expenses that we don't want to pick up..