Quote from: Grace333 on September 25, 2025, 11:01:16 AM

What really matters to me is balance. Don’t throw in money you can not afford to lose, but at the same time don’t keep holding back forever waiting for the perfect moment, it may never come. The idea is to build and also your Bitcoin side by side, not choose one and ignore the other…

Yes, I agree with you. If someone has $100 as a discretionary income at the end of the month or week, then from there, he can first invest $40 in Bitcoin and keep the remaining $40 as an emergency fund. He can spend the remaining $20 on his entertainment and social activities. When his emergency fund becomes equal to his 3-month expenses, he can invest more aggressively in Bitcoin. Or, in addition to investing some money in Bitcoin, he can also create a reserve fund. Because reserve funds like emergency funds are very important in long-term investment in Bitcoin. If there is no reserve fund, then due to any kind of small or big economic problem, the emergency fund will have to be used. But we should keep an emergency fund as a last resort, so that for small problems, money can be taken from the reserve fund to solve the problem. As a result, the Direct Emergency Fund will not be used and will not be used during times of stress.

Quote from: Creeper0 on September 25, 2025, 11:06:58 AM

Basically, prudent money is the basic element for investment. But this prudent money alone does not guarantee your success in investment. Based on its basic element, prudent money, you have to take investment management and risk management steps. That is, when, how and in what strategy will you invest or what steps will you take to maintain it in the long term. Investment management and risk management should be completely dependent or built on prudent money. The parts of investment management are investment strategy and aggressiveness in investing properly. The parts of risk management are protective steps to maintain investment successfully in the long term such as: keeping backup (emergency fund, reserve fund, cash flow and necessary fund) funds ready in a proper plan. Even if you somehow lose the money used in investment, keep an eye on this so that there is no major change in your life. Without prudent money, these plans are of no value, even prudent money is weak without proper planning.

You are right that in order to conduct investment activities for a long time, one must form an emergency fund reserve fund as a backup fund, but the first thing that is more important at the beginning of investment is to have discretionary income. If he has discretionary income, he can invest relatively safely. After that, alone with bitcoin investing ,he will form an emergency fund and a reserve fund to do DCA for a long time.
If someone thinks that he will invest $ 100 monthly. But if for some reason he does not have enough discretionary income. Then he will not be able to invest until the discretionary income comes again. In that situation, if after a few days he takes money from his emergency fund and invests in a larger amount . And suddenly after that, if for some reason he needs a lot of money for an emergency reason, then he will finish the money in the emergency fund and may even have to sell Bitcoin. So the first thing that is important is whether the person who has started investing has a regular discretionary fund or discretionary income flow.