Re: Buy the DIP, and HODL!

An emergency fund should be considered essential by anyone considering long-term Bitcoin investment and not wanting to disrupt their Bitcoin balance every time they need cash. However, I recommend everyone have a steady job with a regular income stream so they can manage it carefully, including allocating a portion of their income to an emergency fund and using the rest as capital to buy Bitcoin.

To invest or create an emergency fund, we need a source of discretionary income. If you do it with your fixed income source, it may not be very sustainable. For example,

*Discretionary income is the amount of money left over from your fixed income after deducting all expenses. It is better to invest with discretionary income because you do not need this amount of money very much. The money that is left after meeting all your expenses is discretionary money. If you invest with discretionary income, it becomes much easier for you to maintain it in the long term.

If you do not have an emergency fund, you can create it along with your investments. You can keep some money aside for an emergency fund from the amount of money you wanted to invest from your discretionary income. If you do not have an emergency fund, you can do emergency fund and investment at the same time.

If you invest with fixed income, you may not be able to maintain your investments in the long term. For example, if you need the money, you will have to sell your holdings. So you should invest with discretionary income.

You said that even if people with fixed income invest, they will fail to do so in the long run, in that case I disagree with you, if you have a fixed income then he knows how much money he will get every month and you can set aside a small part of that amount for investment, you don't have to own a lot of assets to invest, you can start small, you can use the DCA strategy because through this you can invest in Bitcoin regularly or monthly, no matter what the price of Bitcoin is, the more consistently you buy Bitcoin, because it will help to grow your wealth and strengthen your investment.

Well I think it’s all about Financial strategy, I really do not know how possible it will be for someone who have a fixed income not to be able to accumulate much bitcoin if that is what is being said then I must say it’s actually not true and I agree with you, Bitcoin investment depends on our amount of discretionary income and if we’re able to accumulate a good number of Bitcoin it will depend on our level of discretionary income available, and it’s better to start investing little by little and fraction by fraction, assuming that we’ve a plan of 10$ on a weekly basis or monthly basis depending on when we have a discretionary income which I think that is a good idea of starting, and that will definitely not stop us from increasing our finance in due time to have more discretionary income, I absolutely think starting little by little is more better than not starting and thinking of having a more sustainable bitcoin portfolio, as an investor we can also have to adjust our financial buoyancy and our lifestyle to be able to have more discretionary amounts to enable us to buy and accumulate more bitcoin into our portfolio.