Quote from: Stablexcoin on May 06, 2025, 01:09:54 PM

Quote from: kotajikikox on May 06, 2025, 12:41:30 PM

Quote from: davis196 on May 06, 2025, 11:59:51 AM

Quote from: George Edward on April 28, 2025, 09:05:34 PM

Budgeting can help a bitcoin investor in several way but firstly what is budget ,
A budget is a financial plan that help a person outlines projected income and expenses over a specific period. It helps individuals or organizations manage their finances, prioritize spending, and achieve financial goals. But when it comes down to the usefulness of budgeting as a bitcoiner
It can help to manage risk when investing ,so that a bitcoiner doesn't overextend himself. Budgeting also keeps a bitcoiner disciplined about his or her finances, making sure a bitcoiner prioritize his needs over his wants.
Plus, having a budget in place can help a bitcoiner figure out how much he can afford to invest in Bitcoin, and when it's time for him to diversify his portfolio.
By tracking his expenses, a bitcoiner will definitely get a better sense of his financial situation which makes it easier for an investor to make smart investment decisions.

Saying that budgeting is good for personal finance is the same as saying that drinking water is essential for us to stay alive. Grin

OP, you don't bring any value to the conversation. This is just a generic forum post to help you boost your post count.
I have never seen a Bitcoiner, who doesn't pay attention to his income and expenses. Risk management and budgeting are two different things, but I don't want to waste my time explaining the difference, when you could simply do a Google search and find all the info you need.

I honestly think you overestimate a lot of bitcoiners. Many of them have indeed bought bitcoin without planning too much. They just experienced massive FOMO and trying to be in on what seems to be the most profitable thing right now. For some people, this might be common sense for some people it does not come as natural as it does for others. A lot of people do not budget because they just buy anything they want and they are the ones who tend to lose out the most since they do not know where their money is going exactly.

I understand from your perspective, those are one time investors, they get into the market like it is no big deal for them especially because they have the money available, one must have enough before investing at any time regardless of FOMO, without making any proper planning, for any long term investors that practically decides on DCA strategy will require creating a budget that matches his expenses on his monthly needs, emergency funds and what is made available for investment. Let's not downgrade budgeting, even those with good finances all require budgeting to make their investment more lively and productive.

Lets put up into our minds that even those rich or wealthy people do have still that budgeting when it comes into their funds on which simply means that there's that always the relevance on doing so because without having that proper planning in towards into your finances then it will be leading up into demise or could totally affect out negative at the moment that you wont be putting up any consideration on having those budgeting. You will be finding out to be useful at the moment that you've seen that you do have allocated precisely into those needs and other purposes on which you are planning with your funds. There are just that those individual who do make out some focus when it comes to wants rather than needs or other priorities like on having some investments just because they've been that trying out to divert their attention into those things on which arent that important at all. They do made out some realization at the time that they had missed out some opportunities to make profits and thats what mostly that do happen on most individual. We do made out realizations but only into the time that we have missed out or doing those mistakes already.