Quote from: Bitcoin.com97 on May 19, 2025, 10:44:56 AM

Quote from: JayJuanGee on May 14, 2025, 07:04:31 PM

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In our previous discussion I talked about how I have other investment that I make profit from, I would have like to describe in detail but since you said that I do not need to give my specifics, I think there would be no need to describe it any more for safety purpose since everything remain private here, I wouldn't want to describe any of my circumstances.

It is up to you regarding the amount of details that you might want to give, and sometimes it can be helpful to figure out what you might be weighing in terms of what you believe to be relevant factors - especially in regards to any of your personal factors, and it can take some time to flesh out your various personal factors and even to adjust them to circumstances as they change and also how your assessment of various circumstances might change..

Quote from: Bitcoin.com97 on May 19, 2025, 10:44:56 AM

At first I was finding it difficult to invest into Bitcoin since I don't have a good knowledge about Bitcoin, but Last week I invested $10 with the help of my brother, I plan to increase my investment to $20 and above as time goes on, but for now since I am new to Bitcoin and don't know much on how to buy bitcoin myself I will be learning on how to buy Bitcoin from exchange and send to private wallet, to get started with to avoid revealing my safety to a third party, I am just being careful to avoid mistakes.

As long as you have at least $10 per week of extra discretionary income that you don't necessarily need for other things (including expenses that might come up in the current month or into the future), then you can start out with $10 per week, and to potentially increase the amounts as you become more comfortable. Depending on the exchange that you are using, you might be comfortable allowing your bitcoin holdings build up to $500 or more before you transfer to your own private wallet, and so surely you may have to consider which wallet that you are going to want to use .. while you are continuing to buy on a weekly basis.

Frequently, I suggest that beginners may well consider shooting to invest into bitcoin around 5% to 25% of their income, and surely the more bullish you are about bitcoin, then you would shoot for the higher end of the range, and the more skeptical or uncertain that you are, then you might shoot more towards the bottom of the range. Of course, you ared ultimately responsible for your choices, and you can even choose to go outside of the range that I suggest.

Prior to 2020, I used to recommend 1% to 10%, yet I think that the irresponsible behaviors of various governments that was shown in 2020 justify investing at higher rates and for normie newbies to be more aggressive, and even the fact that many governments, financial institutions, regular institutions and rich individuals are increasingly coming up with bitcoin reserve plans, that likely justifies that individuals (normies) should be striving to be more aggressive with their bitcoin focus and their bitcoin accumulation since it seems that rich folks, governments and institutions are going to continue to be buying bitcoin, hoarding bitcoin and likely driving up the price (and perhaps attempting to fuck around with the access to bitcoin), so in that sense it seems to be in the best interest of normies to be both getting ahold of bitcoin and holding decent amounts of their bitcoin stash in private wallets.

Quote from: michellee on May 19, 2025, 02:07:36 PM

Quote from: Futurexxx on May 19, 2025, 10:38:46 AM

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Indeed because investing in anything using emergency funds will not recommended. The mean of emergency funds is covering our urgent needs that need money so we can use that funds and fill it immediately. The emergency funds specifically for an urgent needs and not for other things. So we have emergency funds and a free money for the investment with other money that we prepare to fills each needs we have. If we can allocate the income to the right place and know how much money we can allocate, we can use the income proportionally.

Hopefully many of us are figuring out ways to manage our cashflows so that we never have to use our emergency funds.. they are just there in case we have some extreme unexpected shortfall in our income and/or some unexpected increase in our expenses.

Sure when we are in the earliest of stages of building our emergency fund, we might end up having to tap into our emergency fund from time to time, yet once we get more mature in our cashflow management, we likely will have other additional funds that we tap into when there are shortages in cash or extra expenses... which may well start to be the case once our bitcoin investment and our emergency funds get to at least three months of our expenses... .. So the earliest stages that we are building up our finances and our back up funds we are at more risks to tap into our emergency funds, but once those funds are established and we have additional back up funds, it may well be the case that we never have to tap into our emergency funds absent an actual emergency, and even the smaller shortfalls in cash and/or extra expenses, we would likely take care of them through our back up funds and never be taping into our emergency funds absent an actual emergency, and once our investment and cashflow management has matured (perhaps after a few years of building it up), if we are tapping into our emergency funds, it likely is a sign that we are doing something wrong. Some people create their own ongoing and regular emergencies by failing/refusing to manage their cashflows in strong ways.

Quote from: michellee on May 19, 2025, 02:07:36 PM

It will no problem if your investment fund is not too big like others because DCA mean you buy Bitcoin constantly and hodl it and not spend any Bitcoin you have. And when you can run it with right, you will not have to worry if you miss the time to buy Bitcoin. Related to buy Bitcoin in every lower price, you should allocate another money for that needs so that will not interfere the other needs so you will have a chance to use the time of the Bitcoin correction to buy Bitcoin at a low price.

It could well take 4-10 years or more, just to get the amount that we invested in bitcoin to equal a whole year's income, which surely is a good place to be.. . .since it well could also happen that bitcoin appreciates in value at the same time, yet one of the reasons to attempt to invest in bitcoin in a front loading and aggressive kind of way is so that the amount that we put into bitcoin is already into bitcoin when (or if) it starts to appreciate in value.