quote author=Joeboy link=topic=5487753.msg65858958#msg65858958 date=1759102107]
Having a discretionary income and then an emergency funds is very pivotal to your Bitcoin accumulation journey.
[/quote]
As a brand new investor only your discretionary income is enough to get you started provided that you have figured out how much is your discretionary income. You don't need to set up an emergency funds on ground first before starting your Bitcoin investment. You can split you discretionary income into two parts, use one part for your regular weekly DCA and use the other part for building your emergency funds of at least three months of your expenses.
It's good to build your emergency funds simultaneously with your bitcoin investment. When you have achieved that, you can channel the money into building a reserve funds amd after that you can add that money to your discretionary income and invest aggressively. The most important thing is to stay focused and be persistent and consistent in your DCA to keep your bitcoin accumulation ongoing.
Let me give you a real example from my life - my father bought Bitcoin with his pension money 15 years ago. That is why I consider my father much wiser because he understood at that time that fiat currency has no value and only reduces the value of our assets. Maybe if my father had known about Bitcoin, he would have bought Bitcoin too. Currently, I am aware of Bitcoin and I have always believed that it will protect our property from inflation
I don't understand what you are saying. You said that your father was wise to invest his pension into bitcoin ten years back, and you are still saying that assuming your father knows about bitcoin he would have bought bitcoin too. Don't you see that this is confusing or am I missing something. Did he rush to sell those coins. Throw more light on this.