Quote from: ChocolateBitcoinK on Today at 05:07:28 PM

Quote from: Bluedrem on Today at 04:49:19 PM

Quote from: Cgrexp on Today at 02:37:55 PM

I agree with this, if there is a plan and discipline, long-term investment is possible and can be sustainable even with fixed income. If someone's monthly income is $500, he can invest at least $20-$30 after covering all expenses. In the DCA method, no matter what the price, if he continues to invest a certain amount regularly for five years, it will turn into a large number. Which is possible only through fixed income. There are many investors who have started with small amounts and have been successful consistently. The key to investing is discipline and consistency. If you start with a very small portion of fixed income, it will turn into a significant asset over time.

Only an investor with a fixed income can invest in Bitcoin.
An investor must have a discretionary income to invest in Bitcoin.
Without discretionary income, if an investor invests with the income that meets his basic needs or with the emergency fund or the money provided in the emergency fund, that investment will not be sustainable because he will need money for various needs and he will be forced to sell the Bitcoins kept in his portfolio to meet the shortfall in that money.

Therefore, for investment, a discretionary income is needed that will come after a person's basic needs are met.
When a person invests in Bitcoin after meeting his basic needs and emergency fund, his portfolio will be much more sustainable.

The main thing is that to sustain an investment in the long term, you need to do everything you need to do, such as income and financial management, and you need to take all the necessary measures to keep the investment safe in the long term. That is, the main thing here is that you have to hold it for the long term, and for this you have to invest with the amount of money you are ready to lose, that is, you have to invest with money that you do not need, that is, you have to decide to invest from discretionary income. But If you don't have discretionary income, you should not go into investment, because the success of Bitcoin investment is most likely to come only in the long term.

If you want to hold an investment for the long term, you need a steady income, good money management, and control over your spending. Without that, it is easy to get caught in a situation where you are forced to sell during a market dip. The key is making sure you can keep your investment untouched, no matter what the market is doing.....Putting money into Bitcoin when you don’t have extra cash to spare can be risky. It is better to invest only what you won’t need for daily expenses or emergencies. That way, you are not pressured to sell early, and you can give your investment time to grow without constant financial stress.

Quote from: Frankolala on Today at 05:58:40 PM

I don't get the point your point fixed income or are you trying to say a stable source of income. A fixed or stable source of income isn't a necessity for a no coiner to start his bitcoin investment, provided he has a discretionary income that he can use to buy immediately, even though he cannot be consistent with his ongoing accumulation. Some persons might don't have a good source of income to provide them regular discretionary income every week/month. If they have started their bitcoin investment, they can look for means to increase their income through looking for a second source of income, learning a skill or improve their educational qualification to earn higher. When that is achieved, you now have the flexible to keep your bitcoin accumulation ongoing with weekly DCA consistently and persistently for 4-10 years and above.

I wouldn't agree with you that a fixed income is what one needs to be consistent in his DCA accumulation overtime because his income is not increasing, and the rate of inflation is getting higher overtime killing the value of fiat slowly overtime and the price of bitcoin increases overtime. If I am receiving $300 weekly, and my monthly basic needs and expenses is $230, my discretionary income is only $70, which you can use whatever amount you feel is cool with you to invest from that $70. If I don't look for a way to increase my income from now till 5 years' time that $300 will not be enough for me again due to inflation and the high cost of things. I might have just $10, or nothing left as my discretionary income and if I continue like that on the 7th year, I might not have any discretionary income to invest in bitcoin and i will stop my bitcoin accumulation journey.

This is the reason why as you are investing in bitcoin, you must look for other means to improve your income to keep on your accumulation journey ongoing and also increase the amount that you are using to DCA due to an additional discretionary income.

I get what you are saying, a person don’t necessarily need a steady paycheck to start stacking Bitcoin. If you have got some spare cash you can set aside right now without needing to dip into it, that is enough to make a start. Even if you can not buy regularly at first, you can begin with a small amount and focus on building the means to add more later, whether that is through side gigs, learning new skills, or finding ways to boost your earning power.

The tricky part is that if your income stays the same while prices keep going up, your spending power will slowly shrink. That can make it harder to keep buying over time. So it is not just about putting money into Bitcoin, it is also about making sure your income grows enough to keep up with inflation, so you can keep buying and maybe even increase your buys as the years go on.

Quote from: JayJuanGee on Today at 06:14:42 PM

Maybe initially when we first set up our emergency funds, it took us more than a year to build them up from $600 to $2,700 and our monthly expenses were right around $700 when we started, but after a year some expenses changed and they became $900), and then maybe after another couple of years our monthly expenses become $1,100, so then we start to consider that we need $3,300 in order to maintain our emergency fund at adequate levels. We also might have learned some ways to fix some matters, and maybe even reduce some of our monthly expenses, so then after the next year we reduce our emergency fund back down to $2,700 based on changed conditions.

The growth of our bitcoin stash could also affect our ways of considering how we treat various forms of money that we keep on hand, and surely if our bitcoin amount might have had gotten to around 6 months of our expenses invested into bitcoin, yet at the same time, if the BTC price might have had doubled or tripled in price during that process, we might consider some of the matters differently, yet surely I will remain concerned if guys are making any changes based on their valuation of their bitcoin based on spot price versus valuating based on the 200-WMA.... even though surely if a guy is accumulating bitcoin for a whole cycle or more, it may be too early for him to make any changes to what he is doing, even though he may well create various spreadsheets to assess where he is at versus where he thought that he would be, and he might feel that he needs to make some adjustments to his buying practices and/or how much of his time, energies and/or value he is dedicating to his bitcoin investment.

None of us are likely able to answer these kinds of dedication matters (or level of aggressiveness matters) for someone else unless we know enough of their personal factors and/or their priorities.
Reply this 100%Humanly written, make the reply look like you want alo add some details to what he is saying.....

I think it is worth adding that emergency funds aren’t a set and forget thing, they really need to be reviewed regularly as life circumstances change. Expenses almost never stay the same for long, and inflation alone can push those numbers up quietly over time. That is why it makes sense to revisit both your monthly expense figure and your target emergency fund amount at least once a year, just to be sure it still covers what you’d actually need in a real pinch.

On the Bitcoin side, I think a lot of people underestimate how volatile their perceived safety net can feel when part of it is tied up in BTC. Seeing your holdings double or triple on paper can give a false sense of security if you are only looking at the spot price, especially in the middle of a bull run. Using something like the 200 WMA as a baseline can help keep your valuation grounded so you don’t make decisions you will regret in a downturn. It is fine to adjust your buying strategy over time, but those changes should come from a clear plan, not from reacting emotionally to short term price moves.