Quote from: JayJuanGee on Today at 02:41:29 AM

Quote from: Pi-network314159 on April 24, 2025, 04:02:56 AM

Quote from: Merit.s on April 23, 2025, 11:32:14 PM

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I agree with you that emergency fund is our back bone when unforseen circumstances happen, but I think it not compulsory that emergency fund must be 3 to 6 months ahead of our salary. I feel that discretion fund should be in position to be higher than emergency fund. reason because emergency don't happen frequently Rather regular expenses occure more frequently which will require discretion fund rather than emergency fund. Emergency fund don't need to be tamperd always or frequently like the discretion fund. If emergency fund is much higher than discretion fund then some regular ppl problem will be considered as emergency and will leed to always tampering emergency fund. But if discretion is higher than emergency them some problem that may even appear as emergency may be solved with discretion fund. Always considered discretion as a middle man between Bitcoin investment, emergency and family expenses.

I find your description confusing, since none of us have been talking about a discretion fund.. which sounds like a reserve fund.

The idea of discretionary income is the amount of money that we have available after expenses... so with discretionary income we can choose to invest or to consume with it or to save it by putting it into an emergency fund and/or reserves.

Generally, the emergency funds are the amount of money that we would not touch absent an actual emergency, but yeah, if we run out of reserves and other kinds of extra money, we might be forced to tap into our emergency funds, which would be our last line of defense before we might need to tap into our bitcoin investment.

Quote from: TalkativeCoin on April 24, 2025, 05:42:55 AM

Quote from: Pi-network314159 on April 24, 2025, 04:02:56 AM

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My definition of an emergency fund is that it "doesn't exist" and it doesn't correlate to any math of your income.

You built, you forget about it, maybe make it work for you (e.g. low yield, low risk investment), and that's it. You don't calculate, you don't count on it, literally until you're holding your last pair of underwear Grin

Anyhow, on-topic, always buying THE DIP, but still not sure if it's "the one."

You come off as lost.

If you got into bitcoin since 2022 (going by your forum registration date), then hopefully (for your own good) you have been accumulating BTC regularly rather than waiting for dips... Front loading would have had been good too during the past 2.5 years.

Quote from: Wind_FURY on April 24, 2025, 01:08:35 PM

Quote from: JayJuanGee on April 22, 2025, 07:02:42 PM

Quote from: Wind_FURY on April 22, 2025, 06:54:06 AM

Quote from: JayJuanGee on April 21, 2025, 06:53:33 PM

Quote from: Wind_FURY on April 21, 2025, 10:31:50 AM

Buy the DIP, and HODL
The futures market for the S&P 500 is down by 1.30%, which is a big drawdown for an index, but Bitcoin is currently up by about 2.60%.
👀
Does that actually mean that the decoupling is happening?

Bitcoin has never been coupled... so you are delusional if you believe that it has been coupled... even though sure, for short periods of time, bitcoin seems to be correlated with various traditional asset classes, but those who consider that bitcoin is actually coupled with various traditional assets are failing/refusing to either zoom out or to appreciate bitcoin's actual non-correlated status, even if it can seem to have extended periods of appearing to be coupled (when it is not).

What would actually be delusional, and obviously laughable, is to believe that the Bitcoin market is totally decoupled from legacy markets. It could probably be totally be decoupled if Bitcoin has developed its own economy that's independent of the traditional economy.

I think that the BIGGER mistake comes from folks failing/refusing to consider bitcoin's distinctions from various legacy markets, and no of course, bitcoin is not totally uncorrelated to macro factors and/or to the movements of various fiat based systems...

At the same time, each of us who have been studying bitcoin and/or who have been into bitcoin for some time should be able to recognize and appreciate various break outs that bitcoin does from time to time, and so the guys who are buying into the correlation bullshit[/b{ end up discounting the relevance and/or importance of such ongoing and likely to continue bitcoin break outs that happen fairly regularly.

I believe that the more of the people from legacy finance participates in our niche, the more and more Bitcoin COULD become correlated with legacy markets. It's simply market efficiency ser. It would be delusional to believe that it's "bullshit".

So what? Bitcoin is still quite an immature asset, and it ONLY has around 1% of the world's adoption. Since bitcoin is so immature, it is going to continue to have the s-curve adoption aspects embedded into it, and bitcoin is also not like any other asset class, since it is a protocol layer of money that cannot easily be stopped, even though it seems likely that there are ongoing attempts to manipulate and control it that are likely not going to be successful.

I doubt that bitcoin is going to become correlated to macro-assets in any time in the near future, so you can continue to live your little fantasy about its supposed correlation.

Quote from: Wind_FURY on April 24, 2025, 01:08:35 PM

Quote from: JayJuanGee on April 22, 2025, 07:02:42 PM

Quote from: Wind_FURY on April 22, 2025, 06:54:06 AM

Quote from: JayJuanGee on April 21, 2025, 06:53:33 PM

Quote from: Wind_FURY on April 21, 2025, 10:31:50 AM

That would indeed be the best aftermath of "Trump's Tariffs". That they cause capital flight from equities to hard assets like Gold and Bitcoin. Gold has been looking "parabolic", considering, for its market size.

Hopefully you are not getting distracted into gold., since surely gold is quite greatly inferior to bitcoin, even though sure it might have some period of decently good performance, especially relative to the dollar.

No, of course not, ser. But parity with or MORE than Gold's total market value, for me, should be Bitcoin's "North Star".

Parity with gold is not going to be that hard to achieve.. and so it seems more accurate to be considering beyond gold.. such as 10x to 1000x beyond gold, even though bitcoin might not make it to 1,000x beyond gold for 50-200 years, but still seems like a better north star rather than getting distracted by short term gold price moves.. and surely there are some folks who are probably failing/refusing to adequately/sufficiently buy (or hold onto their) bitcoin based on such gold distractions.

I'm not debating that it's "hard". I'm merely saying that Bitcoin is SO undervalued as another form of Store Of Value asset against Gold.

Plus, "short term Gold price moves"? Have you tried zooming out Gold's chart to the maximum? 👀

First of all, you seem to be making the claim that bitcoin and gold are in a similar place, and they are not.

Second, what point are you making about zooming out?

Sure gold has a long history that precedes bitcoin's history, and sure some of that prior gold history is relevant to its potential performance relative to bitcoin's performance, yet you still seem distracted if you believe that there is some reason to allocate to gold instead of bitcoin or to perhaps have any more than 10% the size of your bitcoin investment into gold.. but hey whatever, if you want to stay distracted that is your choice, but if you start to promote nonsense about gold, then it would be more than fair to call you out for such nonsense to the extent that you want to continue to put out vague induendos trying to suggest that gold might be a good hedge merely based on some of its recent price bumps.

Quote from: Derekfunds on April 24, 2025, 04:48:49 PM

Quote from: Miramax12 on April 24, 2025, 05:37:08 AM

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The only reason why people who didn't invested in Bitcoin back then can be seen as ignorant now? It is because Bitcoin is still in existence and not just in existence rather it also have great potential and you don't have to blame anyone who didn't invested back then because they didn't know it will be like this and even people who invested was not sure Bitcoin will be this great perhaps they just speculated and was convinced with there speculation that is why they invested and even back then when they invested some where still taking small cent from there investment. In life nothing is sure or certain and this is the reason why we should be taking risk sometimes but not unnecessary risk because we have to be conscious while taking any risky.

People are responsible for their own actions, which includes whether or not they look further into bitcoin or they just ignore it... .. so we know that currently around 99% of the world population does not have any bitcoin, so many of them probably have heard about bitcoin, yet they still might not know what it is, yet they may have some responsibility to learn about bitcoin.

They have to suffer for their own consequences and/or their failure/refusal to investigate further into bitcoin or to take actions to get a stake in bitcoin.

Maybe there is no need to blame anyone, because they will get punished for their non-action and they will continue to get punished if they continue to fail/refuse to act.

The same is true for any members of this forum who are learning about bitcoin, yet they are either failing/refusing to buy bitcoin in an adequate/sufficient way, they might be failing with focusing on bitcoin, or they may be fucking around with trading bitcoin or getting themselves involved in shitcoins.

They will ONLY have their own selves to blame, and they will likely get punished for taking such actions to fail/refuse to sufficiently/adequately stock up on bitcoin within their own means.

So yeah, maybe there is no need to blame anyone who fails/refuses to learn about bitcoin and stock up on bitcoin, since they will end up living with the consequences of their choices.

Quote from: Wonder Work on April 24, 2025, 06:29:45 PM

Quote from: Salahmu on April 24, 2025, 05:39:13 PM

Quote from: Merit.s on April 23, 2025, 11:32:14 PM

Your emergency funds should be at least 3-6 months of your income so that it can take care of whatever unforeseen circumstances that played out. Whenever, you tamper with your emergency funds to solve real emergency, it should be rifilled back when possible because it's the back bone of your bitcoin investment.

Three to six months is never a guarantee on investment because it might not be sustainable and still create a loophole on the persons investment. When you stack it three to six months of savings you have left the parts were you should have to ask the person in question how much they can save in a month or putting together the total money in six months that would be there because some might not even have $50 on that emergency for six months. in as much as we could say six months is presentable but those who cannot be sufficient on six months has infected the idea, so why not you make out money that can hold for six months instead of saving for six months.

I think six months is not short; six months is enough time to save. If you try, you can do a lot in these six months. Those who cannot do anything in these six months, even if given the same amount of time as a year, will still be unable to do anything. For this, I think that if they can do something in these six months, it will be the best. Earnings are different, but if you save for six months, you can move towards investment.

You would be retarded to save for 6 months prior to investing into bitcoin.

If you hear about bitcoin and you have discretionary income, then you should start investing into bitcoin right away, and without delay.

Quote from: UchihaSarada on Today at 12:01:36 AM

Quote from: Justbillywitt on April 24, 2025, 09:49:44 PM

The size of your emergency funds will determine the level of problem or emergencies that it can solve. You can't have $500 in your emergency funds account and expect it to solve a problem of $1000. It is wise for an investor to continually add to their emergency funds account as they keep getting resources. It is simple logic, it doesn't have anything to do with believe or whatsoever.

Your emergency fund is proportional with total money you have. Assume you have only $1,000 totally, you can not assign an emergency fund with $1,000 or 10,000 but it is possible to have an emergency fund at $100,000 if your total wealth is several billions of dollar.

If you have plan to add up more money to your emergency fund, it's good and you also have to be clear that how much is acceptable for your emergency fund and when you reach that point, you can feel safe enough and reduce severe need of adding more money to that fund. It's good if you can add more money to it but after that safe point, it's not terrible if you won't add more money for it.

Living without money for emergency fund is bad for everyone especially people who are ready to spend money for luxurious things and don't mind to build up their emergency fund.

I think that the general idea of an emergency fund is to help to protect folks from needing to cash into their bitcoin, and sure even if someone was not invested into bitcoin, then they likely would have some kind of savings or investment to use in case of an emergency such as loss of income and/or increase in expenses.

The general idea for the emergency fund is the last line of defense prior to having to dip into our bitcoin investment, and so usually we would not even want to dip into our emergency fund, which generally the emergency fund should be at least 3 months of expenses, and if a person has more likelihood for loss of income or increase in expenses, then he may need to keep more emergency funds.. He can also keep reserve funds too that would be more flexible than emergency funds.

Guys need to exercise discretion regarding how much back up funds to have, and then also the larger that their bitcoin investment grows, then they may well choose to have funds in places other than cash, so they still might have 3-ish months of cash for emergencies but they may also have other forms of investments that serve as back up funds too, but might have longer timelines to get access and/or might even have greater value fluctuations and/or potential to earn returns.

I wasn't specific enough - I'm buying the DIPS that are more pronounced throughout a certain movement period with additional funds/budgeting, besides the regular fixed-period onloading.