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.

I don't think we need to complicate this issue, because basically, if we don't have a steady income, how can we have discretionary funds? Discretionary funds exist and we can have them because we have a steady income. So, the point is, we should not consider a steady income to be unimportant. Because basically, it is from a steady income that we can have discretionary funds and also emergency funds. So for those who say that a steady income isn’t important, I think they need to rethink their position. Because in the realm of investment, such as with Bitcoin, we need to think realistically. So let’s not get the wrong idea about this. Because the consequences will be very severe if we misunderstand our own cash flow.

No one is saying that a steady income is not good, what they’re only trying to let you know is that not having a steady income doesn’t mean you can’t invest in bitcoin, and also a steady income flow isn’t the benchmark to invest in bitcoin, rather it’s just your discretionary income that’s needed . You just need a discretionary income to be able to invest and accumulate bitcoin. It mustn’t flow steadily, because most people don’t even have a steady income flow or should I say they are not permanently employed to a company or institution where they are being paid steadily either on weekly or monthly basis, but rather they are contractors whose income flows only when they are able to hit or finish a particular contract, and after they might have gotten a particular contract and are able to finished working on the contract and got paid, it may also take them some few months times or even years before they could hit another contract, you can’t say that such persons have a steady income flow but the most important thing is that they have a source of being able to figure out their discretionary income to invest in bitcoin whenever they successfully get and complete a particular contract. The goal is to be able to figure out a discretionary income to invest and accumulate bitcoin and hodl for the long term, no matter how seldom your income flows as far as once in a while you’re able to figure out a discretionary income to accumulate and add to your ongoing bitcoin holdings and also hodl for the long term, and gradually build up your portfolio to meet your investment or accumulation targets.