, two things are needed for a person to invest in Bitcoin. 1. Regular investment 2. Managing the investment with prudent income.
I think that what is actually needed in consistent investment in Bitcoin is a discretionary income, because it's not adviceable to even start investing when you don't have a source of income.
Then in maintaining your Bitcoin investment, the two things that are greatly needed is an emergency funds and a reserve funds, the rest is history as long as you don't pay attention to the outside noise by haters
Barikui1 i don't agree with some part of your write up here, you said what is actually needed in consistent investment in Bitcoin is a discretionary income and then you came down to say that maintaining our Bitcoin investment, the two things that are greatly needed is an emergency funds and a reserve funds.
So you mean that in other to remain consistency in our Bitcoin investment backup funds which are emergency reserve and float funds are not needed and is only needed when you have finished building your Bitcoin investment and you then what to maintain it.This is wrong Barikui1 and this write up can mislead a lot of newbies, in other to be consistent in your Bitcoin investment from the starting till the end you need a backup funds which are your emergency, reserve and float funds, so is not only when you want to maintain your Bitcoin investment that this backup funds are important, without backup funds you can't be consistent in your accumulation even with your discretionary income in place.
Hmm… Superbitman, I think you’re the one getting it wrong, your understanding of his statement is wrong, maybe you rushed to read it or him using the word MAINTAIN is what confusing you. Most of us are not native English speakers, but I always take my time to understand what everyone is saying or trying to.
Simply Put, Barikui is saying to start investing in bitcoin all you need is discretionary funds but to keep your investment going you need emergency and reserve funds…. Kapeesh.
Which is also what you’re saying and it’s all correct but your understanding of the word Maintain in the context is the issue
I understand English very well and what I pointed out was correct about Barikui write up, I think your problem is you fine it difficult to comprehend a writing.
Now you have made same mistake by trying to explain to me what Barikui was saying now let me quote your explanation
"Barikui is saying to start investing in bitcoin all you need is discretionary funds" now from this statement you said
all someone needs to start a Bitcoin investment is a discretionary income, and I'm saying this could mislead a newbies who have gotten a little knowledge of backup funds in Investment, when a newbie wants to start Bitcoin investment and he knows about backup funds he needs it, not just discretionary income, we don't know when an emergency will happen so you guys should stop making it look as if starting a Bitcoin investment without a backup funds at first is good, an emergency can happen at the beginning or early stage of your investment so how will you over come it without a backup funds.
Backup funds is very much important, the only reason why we say you can start building your backup funds now is because they never had the knowledge of having a Backup funds now that they now have it is good they start building it a long side there investment, now this those not mean we should push same narrative to newbies, as a newbie before you start do well to have a little backup funds and then you can decide to build it alongside your investment or you start both at same time.