To get started in bitcoin investing in bitcoin, all that is needed is discretionary funds. Sure it might be helpful to have a budget to figure out future ways to keep buying bitcoin.. but it is not necessary to have all those matters sorted out in order to get started investing into bitcoin, and yeah, you are correct, if a person fucks up and spends from money that he needs for expenses a short time later or even in less than 4 years, then he is not investing, but instead either trading or gambling.
you are very correct JJG, having a budget to figure out future ways to keep buying bitcoin might be helpful, but it is not necessary to have all those matters sorted out in order to get started with bitcoin, because It can delay the person bitcoin investment journey if he or she want to put everything in place before getting started with bitcoin. All the person need is discretionary income to start investing in bitcoin.
You are also correct JJG if a person fucks up and invest funds that is needed to settle his or her expenses that person is not longer investing, rather he or she is either gambling or trading. And that's not the right way to approach bitcoin, what a person needs to invest in bitcoin is his or her discretionary income and not funds that he or she needed to settle expenses.
That is part of the dilemma Joy- maker.. since all a guy needs is discretionary funds, but if he makes the mistake of investing beyond his discretionary funds, and he thought that he was using discretionary funds to buy bitcoin, but he was using money that he needed for expenses 2 weeks down the road, then yep. he fucked up.. .. since when the 2 weeks comes and he does not have any money to pay for his expenses, then if the ONLY thing that he has is the bitcoin, then he may well end up having to sell some or all of the bitcoin at a time that was not of his own choosing. . He has to live with the consequences of his mistake, so it is not always a good idea to prematurely conclude that a guy has discretionary funds merely because he has $10 in his pocket... yet at the same time, guys are frequently making these kinds of determinations, so they should be capable of coming to the right balances, and even if they might make mistakes from time to time, they can also learn from their mistakes so that they don't make them in the future or at least they adapt so that they might become less likely to make the same mistakes in the future.
Sometimes, the line between essential expenses and the discretionary income can be pretty blurry and it can get really problematic when folks intentionally or unintentionally invests beyond what's truly discretionary and that's why it's very important for folks to know whether they actually have discretionary income or not. When folks invest funds that was meant to cover upcoming expenses, they might potentially be forced to sell off their Bitcoin at unfavorable times and this can be really costly and stressful.
it's quite a delicate balance and it's crucial for folks to carefully consider their financial situation/obligations as well as their liquidity needs before investing. Although, it can indeed be pretty easy to make mistakes, but some of these mistakes can also have it's own advantages as it can also serve as valuable learning opportunities, and can potentially help individuals refine their financial decision making as well as adapting to those situations in order to avoid making same mistakes subsequently.
Finding the right balance can be sometimes tricky and so requires deep understanding of one's financial situation, risk tolerance level and overall financial goals and by being mindful of these factors, it becomes more easier to make better and more informed decisions as well as making it easy to effectively navigate the complexities of managing one's finances.