It is not wise enough to invest up to 70 percent of your Discretionary income into bitcoin. Having such amount invested would have a drastic effect on your backup funds and emergency funds. The percentage of funds you put into your back up funds and emergency funds really has a lot to do when it comes to how long and investor can be able to hold his assets and also influences the amount you put into your back up funds. Investing within your reach is better than investing Aggressively and having to sell of your assets in the event of unforeseen circumstances.
Investment within any investors reach is as the same thing investment aggressively and talking about not investing up to 70% for a start i that it is not that possible but those are into Bitcoin for so long now, and with their steady cashflow defers that is how your their percentages will defer when it comes to investing and buying Bitcoin aggressively, and good investors will surely start his/her investment along side his emergency fund.
Buying aggressively can be very good for a Bitcoin investor, but it can also be very bad for a Bitcoin investor, where the defining factor is, is how it's being done.
You can't be investing up to 70% of your net income into Bitcoin and be expecting not to temper with it later, because if your basic needs is not properly taken care of, it would be just a matter of time before you fall back to your investment for survival, that's why over doing it is a very wrong thing to do.
Furthermore, as a Bitcoin investor, we should try to be stacking up our emergency funds the Same way we are buying weekly or monthly, so that our emergency funds will be big enough to carry what ever storm or financial crisis that may arise in the future.
The message is clear, invest in bitcoin alongside your backup funds and emergency funds if you must hold for long. If a person focuses more on buying bitcoin and forget his backup funds and emergency funds, a day will come when you sell at loss to save yourself.
Of course, it's necessary to build up your emergency funds as you have started investing into bitcoin simultaneously with your bitcoin investment but there should be a limit. Your emergency funds should be at least three months of your monthly income and when that is achieved, you don't need to put anymore money into your emergency funds only if you have used part of it when you were hit with real emergency.
It's wrong for you to continue building your emergency funds with your bitcoin investment overtime for them to be on the same level even after you have reached three months of your income. After building your emergency funds to three months of your monthly income, you can channel that funds to build up several backup funds like your reserve funds and float before investing aggressively into bitcoin with it.
It would be more difficult for anyone who is not in this forum to make a better investor. This is because orientation matters and daily news feeds and information hunting is very crucial to the success of every bitcoin investment.
It is a wrong advice that emergency funds should not be saved up continuously. You can never be too sure of the amount of money your next emergency situation could cost you. Neither can you be too sure of the next economic wave your backup funds could sort for you. Accumulating both emergency funds and back up funds alongside bitcoin accumulation is a better option.
Natural disasters don't mind how much emergency funds you've saved up, so
the larger your emergency funds is, the safer your bitcoin stash is. Emergency funds would never be in excess no matter how long you save up. There various ailments that can cost an estate in days which no one is praying for. But the best thing is to plan for the rainy days by making hay while the sun shines.