we should always create such a support fund, whether it is a stable income or a volatile income in my opinion.
The most important thing is to get started first i will say that investing into Bitcoin doesn't require one to break a bank before this so as long as you have a discretionary income to begin with start immediately then along time line you can start making plans on how you can increase your discretionary income through finding other source of income and also make provision for your emergency fund reserve and float, a city is never built in a day start first accumulate gradually using the DCA strategy and sort out other important and necessary things towards to grow your Bitcoin investment while you are already accumulating Bitcoin.
You are absolutely right, nothing is created in a day or a moment. It takes a certain amount of time to create something. Although I am not a big investor, I still think that one should be a
little cautious in long-term investments, especially for people from lower middle class families or low income groups like me. But Bitcoin investment is definitely not an alternative to the DCA method. So I think creating a support fund with investments will be a benefit for low income groups like me, so that if they face any unexpected event they do not have to touch or withdraw their Bitcoin funds what I am doing in light of the knowledge gained through this thread, which is constantly helping me increase my mental courage in investing.
I doubt that the proper framing is caution, even though cashflow management remains important for people who might not be in the practice of investing, so the practice of putting together backup funds helps to contribute to both the cashflow management and the possibilities that various mistakes are made from time to time in terms of calculating and/or projecting your income and/or your expenses.
Each of us is ONLY able to be aggressive in our accumulation of bitcoin after we have established our various back up funds and to strengthen our cashflow management, so the caution is not necessarily related to the investment but instead just making sure that we are investing rather than gambling.. because if we fail/refuse to adequately strengthen our cashflow management and to build up our back up funds, then we are ending up taking too many chances. And, surely many times, several of us have emphasized that neither the back up fund nor the strong cashflow need to be in place before starting to invest into bitcoin.. and so we can build up al three of these at once, the bitcoin investment, the back up funds and the strengthening of cashflow management practices. That is not necessarily needing caution, but instead needing some attention to making assurances that we are investing into bitcoin and building up our back up funds from discretionary income rather than using money that we actually need for our expenses.
The amount of value that we put into bitcoin should be money that we are not going to need for 4-10 years or longer, and sure it is possible that we might need the money that we put into our back up funds at various periods of time, yet we should also be wanting to build an emergency fund that has a minimum of 43 months of our expenses and in which we would likely not be tapping into such emergency funds absent an actual emergency related to loss of income and/or increase in expenses that were beyond our expectations.