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Quote from: ZeroVinsonN on April 02, 2025, 10:16:46 PM

Investing in bitcoin requires that you should have a stable source of income that makes provision for discretionary funds after all necessities have been taken care of, anyone without a source of income should not invest in bitcoin untill the they have secured a good source of income, this is because without money you can't invest and you don't just plug money from trees, you need to work for it, some work harder than most depending on the job/business, and your income has to be high enough to yield discretionary funds before you invest, because you should never invest with the money meant for paying tax and footing your bills, and also while investing in bitcoin with your discretionary funds, a percentage of your discretionary funds should be saved up for emergency purposes so you don't end up selling your bitcoin when you run into a financial crisis and are in dire need of money.

It is actually good and advisable to have a secured job or work before starting an investment but then I think sometimes the most important thing is starting first because someone who is serious and determined will take responsibility and make sure to keep on accumulating and holding. Over time I realized that having task at hand sometimes makes people to become proactive because if you haven't start at all you won't bother yourself to make sure to keep your investment but if you have started, some persons will begin to sort out things and things they were not doing before they will began to do it just to ensure they meet up with there investment and this kind of person they know how to economize and manage things because that is just the stage they find themselves.

All you just need is a source of income to get going because without a source of income, their is no way you can keep on investing consistently on the longer run, it might not necessary be a salary paying job, it might be a business or anything that you does that put foods on your table, once you have a source of income coming in,

Discretionary income is what is needed for anyone to get his bitcoin investment started and not just a source of income. Having a source of income to put food on your table is not enough for you to invest with if you don't have extra funds available after taking care of your monthly needs and expenses.

If you use the money for your monthly needs to invest into bitcoin that's not your discretionary income, you are gambling, because you will end up selling your bitcoin when your needs arises. It's not just to invest but to be consistent and persistent in your regular weekly buying and hodli for a long-term till you reach your bitcoin target, which only your discretionary income can make it possible.

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Quote from: ZeroVinsonN on April 02, 2025, 10:16:46 PM

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There is no need to create an emergency fund before investing. Because if you are not investing, then in my opinion, an emergency fund is of little importance. Invest first and then gradually build an emergency fund. Or if you have the money to create an emergency fund, then immediately create it as soon as you invest. Try to keep 3 times your disposable income in an emergency fund.

It depends on how comfortable someone is when they want to become an investor and want to invest in Bitcoin, because if an emergency fund must be considered an important option for them, then preparing it early and separating it from the amount of capital that will be used in the investment, I think that is also not wrong because in the end it must also be prepared by every investor when they have run their investment. So don't think of it as something unnecessary if in the end it must also be prepared by the person making the investment and besides having to have that, every investor must also have a long-term mindset and should not panic easily when they see market conditions experiencing a price correction.

If you don't have any available money on ground like two weeks of your monthly salary to serve as your emergency funds, before getting started with your bitcoin investment, it's better for you not to waste any time building your emergency funds but get started immediately, and build your emergency funds simultaneously with your bitcoin investment.

You can share you discretionary income into two parts and use one part for your regular weekly DCA, and the other part to build your emergency funds for at least three months of your monthly income. If you are true with building your emergency funds, you divert the funds to your bitcoin investment and invest aggressively.

It's not good to be waiting because you are late in the game, building your emergency funds will keep you waiting instead of buying right away and you will miss out the opportunity in the market, because it will takes some time to build your emergency funds that's up to three months of your salary.