Quote from: Wind_FURY on Today at 09:58:13 AM

Quote from: Jostern on August 07, 2025, 12:04:53 PM

Definitely there are always factors to consider when starting out investment, most importantly having the financial capacity of having a discretionary income, so when we consider our situation in life could be more of financial availability and being able to afford our expenses and paying our bills which are primary and essential needs as well, I really don’t think that we should consider our age when we want to start investing in Bitcoin, life is always full of uncertainty, considering that we’ve a discretionary income and we can continue to accumulate Bitcoin on a regular basis, marriage and all that are just all a bonus and also will still have to deal with our financial situation and expenses.

It could be an issue. To give you some context, if a person is 70 years old and he/she has enough money to enjoy the few years he/she has left, I believe investing in Bitcoin should be the LAST goal he/she should plan for himself/herself.

Compare that to a young individual in his/her 20s who has been saving MOST of his/her salary. If that individual is given an opportunity to invest in the lowest DIPs of a bear cycle, then he/she SHOULD use ALL of his/her savings.

Of course, age and health should be factored in, and a person who might only have less than 4 years to invest into bitcoin based on health and/or age considerations, then he would be trading rather than investing.. yet even a person who is 70 might not know for sure if he is going to start to need his bitcoin in less than 4 years, so he can adjust his position size in accordance with his timeline considerations in terms of when he might start to need the cash. The answers are not obvious, since we may well imagine that a person who is around 70 may well have other investments in which he may or may not have started to draw upon and he may also have some fixed income sources to the extent that he might either not be working or not be working as much as he had previously. He also may well be willing to consider moving some or all of his other investments into bitcoin, which I personally believe he is better off to have a 4-year timeline in regards to any of the parts of his other investments that he chooses to reallocate into bitcoin.

A person who is in his 20s has a long timeline, so I doubt that he needs to be taking outrageous actions in regards to his bitcoin investment. Some folks in their 20s are still building their skills and investing in education, and others may well already have entered into their work where they are building their income sources, and perhaps getting promotions require investing time, energy and sometimes even value into certain areas so that the promotions might come that allow for greater income.. and surely the greater the income, the more discretionary income will be earned that allows for more investing into bitcoin.

There is no real evidence to argue that a person in their 20s needs to be fucking around trying to figure out dips rather than than just ongoingly investing into bitcoin with whatever level of discretionary income that he deems to be prudent given his total personal circumstances, whether that is $100 per week or $10 per week or some other amount that he deems to be a good amount to regularly put into bitcoin, rather than fucking around trying to figure out whether there are dips or not. I would expect that someone in his 20s may well have a 20-40 year investment timeline so he can play the time to his advantage, and sure at the same time, if he is able to start to live off of his bitcoin earlier, then there would be no problem with his expecting even a 30-40 year time horizon, yet the fortune of his bitcoin investment ends up cutting his actual timeline in half, such as his reaching some kind of a fuck you status in 15-20 years based on how well bitcoin ended up performing and he did not fuck it up by trying to play around with dips that might not end up happening.

Many of us realize that bitcoin is such a great asymmetric bet to the upside, which means even modest investments into it would still have decently good chances for great payouts, which does not even justify going crazy in regards to how much to invest into bitcoin. The guy in his 20s has the advantage of the decently long timeline, yet he still likely has a challenge in regards to his keeping on building his bitcoin through the years and not spending too much of it too soon, so then even if he is putting in small amounts, he will have greater chances for payouts later down the line and perhaps even reaching som variation of overaccumulation status in a timeline that could be much shorter than he would with traditional investments so that by the time he is in his 40s he might be in a position to start sustainable withdrawal practices.

In the end, sure the punchline is that age and/or timeline is likely going to be a factor, and the young person would likely expect to be able to continue to work and maybe even still somewhat focused on ensuring ways to increases his chances for greater income. And, older guys might either be getting to points in which he is either working less or expecting to work less, and surely a guy in his 70s might already be living off of fixed income and no longer ready, willing and/or able to work for income.

Quote from: SmartCharpa on Today at 10:09:24 AM

Quote from: JayJuanGee on August 10, 2025, 11:50:23 PM

I doubt anyone is saying that a steady income is not important, but instead saying that a steady income is not required in order to determine to invest into bitcoin. The thing that is needed is discretionary funds, and discretionary funds can come from a variety of places, including from non steady income sources, or even prior building up of back up funds or even from the use of debt... and yeah, even though a steady income can make things easier, it is not required in order to be able to buy bitcoin.. .what is needed is discretionary funds.

Many people believe that you can only set up a discretionary fund if you have a steady source of income, however stable income is not necessary before investing in Bitcoin. The main thing is to have some extra cash that you don't need to cover your other needs, this money can come from everywhere like side jobs, savings, or even some money you've saved for a long time, and there's no need to do this with your monthly salary.

Of course, if you have a steady income makes it easier to continue investing and building your Bitcoin over time with a rest of mind, but it is not necessary if you understand how Bitcoin works. And as long as you have spare money and you can afford to lose it without affecting your other expenses, you can invest in Bitcoin. What matters is that you use funds that you are willing to risks rather than relying on your monthly salary.

If you are investing into bitcoin rather than trading, then you should realize that any of the money that you use to buy bitcoin is getting locked away for 4-10 years or longer, so you don't need the money.

We invest with an expectation that in the future our investment will pay off and that we have chances to be better off for investing rather than if we had not, even though at the same time, we should recognize and appreciate that our investment might not pay off and could go to zero. We should weigh our considerations in determining our position size, and yeah, if our income is not certain or steady, then we may well have to be more cautious in regards to how much we are able to invest and how steady we can invest into bitcoin, so there surely are advantages to having a steady income or figuring out ways to make our income more steady, even though we don't have to have a steady income for each time that we are considering to buy bitcoin and considering how much, then we are likely considering how much money we have that we are ready, willing and/or able to lock up for 4-10 years or more.

Quote from: Finebone on Today at 10:14:34 AM

Quote from: Wind_FURY on Today at 09:58:13 AM

[edited out]

I think you are right about what you said here concerning age, it plays an important role on how a Bitcoin investment should approach his investment, just as you have said already, you can't expect a 70year old Bitcoin investor still planning on holding for more than 10 years because he knows that he has a limited time, unlike those that are in their 20's.
But those in their 20's don't have to buy only the dip, they just have to buy anytime their discretionary income is available, but if their is a dip in the market they might seize the opportunity and buy aggressively if they have their reserves funds to do so, because they have quite a lot of time to reap from their investment when bitcoin has risen up to a million dollar or more.

There is no justification for someone in their 20s to be playing around trying to time BTC price dips rather than just regularly buying bitcoin.

Sure in the end, guys can do whatever they like, even dumb shit of trying to time BTC prices and then end up with way less bitcoin than what they would have had if they had just stayed focused on ongoing, persistent, consistent, regular and perhaps even aggressive accumulation.

Quote from: Salahmu on Today at 12:21:35 PM

Quote from: Gost ms on Today at 07:26:13 AM

Quote from: kanftka on Today at 06:59:50 AM

So many people get wrecked because they did not build that safety net first… It is like trying to swim without a life jacket, eventually, the waves get too rough. Having an emergency fund isn’t about being weak or scared, it is about protecting your future self and your long term goals. When you have that buffer,

Your comment seems to suggest that we need to build an emergency fund before we start investing. Waiting to build an emergency fund before starting investing is not the right decision.
As you said, it is like trying to swim without a life jacket, basically we put on a life jacket before we get into the water. But if we use this in the case of investing, it will not be right at all. If we wait to build an emergency fund before investing,

What you are suggesting is actually what seems to be swimming without a lifejacket because when you thought that you can confidently swim without getting tired you neglect the help of a lifejacket and if eventually you began swimming and the unforseen happened that you get tired you began recall back how you could have prevented it if there was a lifejacket so actually in Bitcoin the lifejacket is the emergency funds because they are your rescue at every given moment of challenges so actually building before investing is also a smart way because you shouldn't think that as a starter there is nothing to disrupt you. What if you start without emergency fund how would you manage everything?, will you run to your investment at every call?. Someone with an emergency fund is confident than someone without it because the person with the emergency funds has a place of shelter while you do not have.

It is not good to get overly focused on building your emergency fund rather than investing in bitcoin.

Surely a person who starts out with a lot of resources will be advantaged over someone who does not have many resources.

So maybe a person with an income that varies between $400 and $1,200 per month with expenses that are around $600 per month might already have had been keeping around 2-6 weeks of his expenses as a kind of cash cushion, so then when he starts to consider bitcoin, he already has $600 in cash and maybe if he gets paid $1,100 then he knows that he has $500 for his discretionary income for that month. He does not necessarily need to put more into his cash cushion and he could use most if not all $500 to buy bitcoin, if he wanted to...

Sure, at some point in the future he wants to make sure that his emergency fund is $1,800, yet as he is building his bitcoin investment, it may take a bit of time for him to get his emergency fund up to $1,800, and each person can figure out those kinds of balances, since there are risks that he might end up having to tap into his bitcoin at a time that is not of his own choosing, but he is also barely getting started with his bitcoin investment too, and perhaps deciding to start out with some attempts to front load his bitcoin investment, yet the guy still is not in a great income situation since his income is seeming to be so erratic, so he may well need to work on improving his income situation, and many people also tend to have room to work on cutting down their expenses too..

I have no problem with the idea of growing the emergency funds and the bitcoin investment amount at the same rate until they each reach 3 months, yet there is also some personal choices involved in terms of how guys choose to prioritize how they are allocating their monthly income... in order for them to feel that they are in balance and even their wanting to ensure that they are adequately investing int bitcoin and also that they are adequately protecting themselves from either their cashflow variations or short falls that might end up coming up... so presumptively the longer that they are in bitcoin the more wealth they are building up in both bitcoin and in terms of likelihood to be able to have a cash cushion and to be comfortable and disciplined enough to be able to maintain whatever cash cushion they have come accustomed to have had built up.