Buy the DIP, and HODL!

[ejikeme24]

Fluctuations in the market price was never their problem, this is only accountable for newbie investors. If volatility of bitcoin was the problem of those early birds I don't think any would have successfully held their coins until today. When you have understand how the market operates and the major trend of the market it's easy for you to understand that bitcoin from a higher time frame is headed upwards irrespective of those minor bearish trends that tends to weigh newbies to panic and sell. When using the DCA strategy to accumulate there is no need to develop doubts to weather or not to invest during the peak price as long as your goal is to invest for a Long term, though this might be a problem for newbies but as time goes by they'll adapt to the system and understand that those are just little insignificant moves in bitcoin's major trend.

Beginner Investors need to learn a lot about how to invest so that they don't make mistakes in taking steps if they buy BTC in DCA mode it will benefit them in the future, after all, people who invest use cold money to do it, so even though they buy at a high price, it doesn't matter if they don't always look at the fluctuating coin price and don't panic if there is a decline and remain disciplined in investing.

I think a beginner can start with the basic knowledge, as they can not be able to get all the required knowledge without investing. However, When a beginner is provided with the basic knowledge about bitcoin investment it means that they're fully aware of the market volatility, and also knowing that investing with our pocket money is not advised but from their discretionary fund, and also knowing  that emergency fund is required during this process of accumulation, and also,  the risk that is involved and how to manage them. As Long as a beginner is provided with this guidelines and it happens that their discretionary fund is available, they can start accumulating bitcoin as soon as possible, probably if there's any information that they're missing out I believe with time they will be able to figure it out.

[Stormisover]

The only thing that should qualify anyone to invest in Bitcoin is that the person must have figured out that he has a discretionary income, if not the person is more likely gambling rather than investing, our investment money should be a dependant of our discretionary income meaning that you are not investing with money that is meant to be use to sort out your other important needs.

There is no time of buying that is as perfect as as buying whenever you have your investment money readily available for investment and buy just right away, Bitcoin market is unpredictable and timing can be very complex and that is while the DCA strategy of accumulating Bitcoin solve this problem of timing the market because it allows investors to buy Bitcoin regardless of the price points, the essence of a consistent buying is to have a reasonable size of Bitcoin and hold for a long time 4 to 10 years or even more, so as an investor you buy at any market price points and not just to buy low and sell high.

Why do you say that you meet a requirement, will those who do not manage discretionary income not be eligible to invest in Bitcoin. I think you should honestly say that investing in bitcoin can be done if you have income.

As stated by JJG, discretionary income will never be stable, it can reach $100, $200 or $30 and it all depends on their living expenses.

Well, in investing if you buy regularly, be it $10, $20 and $100 per week, of course there is no problem, the important thing is to be consistent to increase your confidence in accumulating bitcoin.

Bitcoin has changed the views of investors or companies or countries because now companies continue to buy bitcoin and hold it.

Having income is not enough for anyone to invest in Bitcoin there must be discretionary income as a left over cash after taking care of basic needs, there are those that have income only good enough to pay their basic bills and in most cases they even borrowed to meet up with their needs because there income is not enough. The idea of investing from our discretionary income is so that will be taking good care of basic needs and at the same buying Bitcoin without struggling.

[Jewan420]

I think a beginner can start with the basic knowledge, as they can not be able to get all the required knowledge without investing. However, When a beginner is provided with the basic knowledge about bitcoin investment it means that they're fully aware of the market volatility, and also knowing that investing with our pocket money is not advised but from their discretionary fund, and also knowing  that emergency fund is required during this process of accumulation, and also,  the risk that is involved and how to manage them. As Long as a beginner is provided with this guidelines and it happens that their discretionary fund is available, they can start accumulating bitcoin as soon as possible, probably if there's any information that they're missing out I believe with time they will be able to figure it out.

Basic knowledge is not enough to start investing, you need to have a source of discretionary income and mental preparation. Suppose you have basic knowledge but do not have a source of discretionary income, then can you start investing and sustain it for a long time? No, it is not possible. Because you may be forced to withdraw that money from the investment and face losses. Even if you are not mentally prepared, there may be errors in your plan and doubts may arise in your mind about the investment. Basic knowledge is enough for investment in terms of knowledge, but overall basic knowledge is not enough to start investing.

[Sim_card]

The best strategy like DCA and Bitcoin accumulation would be a good stage for those investors who rely on fixed income.

DCA strategy is goof or all income earners whether you are a fixed income earner or not. The most important thing is that you should buy bitcoin with your discretionary income. My income can vary from time to time as a skill worker or a business man and so will it affect my discretionary income. What i will do is that whenever I have a big job with fat pay, I can use my discretionary income to DCA by dividing it into several parts and spread it over the weeks. I will also plan my weekly DCA based on my discretionary income. I can even front load my bitcoin investment for a faster result.

Having alternative income sources means we don't have to rely solely on discretionary income sources to do DCA. It makes your investment journey easier and helps you reach your goals faster. It even makes it easier for you to plan your finances. Generating additional cash flow and building the necessary funds becomes much easier.

Having alternative source of income is also another means to increase your discretionary income because you will have an increase in your cash inflow. The size of your discretionary income will be large and that will give the your flexibility to invest in bitcoin more aggressively and mix your bitcoin buying strategy with all three methods.This is why it is always advisable to look for a means of increasing your income as you invest into bitcoin overtime.

[JayJuanGee]

[edited out]

I think that by now most old members in this forum should have understood that Aggressively accumulating bitcoin sometimes done at the detriment of your individual responsibility and/or emergency funds. This leads a person into possible chances of loosing assets in loss due to unforeseen circumstances.

You are wrong Tonimez.  Aggressive accumulation of bitcoin does not mean that you are spending beyond your means or failing/refusing to adequately build and/or maintain your emergency funds, even though over-aggressive accumulation could result in some of those mistakes and/or too much risk taking.

If a person buys aggressively because he thinks the bitcoin has dipped and he acquires aggressively while expecting bitcoin to turn back up, bitcoin could still dip further because it is self determinant.

There is no reason to change your level of aggressiveness in accordance with BTC price changes.  Largely the idea of figuring out your level of aggressiveness, you would be determining within your discretionary income... so aggressiveness would be spending large amounts of your discretionary income on bitcoin and whimpy would be spending small amounts of discretionary income on bitcoin, and being overaggressive would be spending beyond your discretionary income.

Just because people are talking about buying the dip in this thread, they do not necessarily need to spend beyond their discretionary income or spend from their emergency funds to buy the dip, even though sure they might choose to use some reserve funds for buying the dip.

When this happens, such investors gets discouraged anday sometimes sell at loss.

Yeah, if you fuck up you are going to become discouraged.  There is a difference between being aggressive and being over aggressive and if you fuck it up, you are going to be discouraged, disappointed and perhaps you might even end up losing some if not all of your bitcoin because you are engaging in sloppy cashflow management practices and/or putting your bitcoin investment at too much risk by perhaps engaging in gambling rather than investing.

The best practice is maintaining your DCA approach with time. on the events of strict adherence to DCA,

You can still choose your level of aggressiveness within DCA investing, and DCA investing does not prevent guys from screwing up, especially if they might be managing their cashflows and/or managing their various backup funds badly.

you have many chances to also buy the dips when your DCA timing eventually falls on dip which would possibly happen more often than you could imagine.

Sure, if you are buying bitcoin every week, then it likely will end up turning out that some of the purchases were made during dips.  You can also set aside some extra money, perhaps 10-20% the size of the DCA buys for buying dips.  Another thing is that some guys might perform their weekly BTC buys manually, so they may well attempt to buy dips during the week when possible, rather than employing a strict time to carry out their BTC buys.

Even though it doesn't fall on dips, it allows to hold for long knowing fully well you are not out for a trade which would make you sell on every slight market shift.

Well if guys might be planning to invest for 4-10 years or longer, and if they are engaged in the various forms of ongoing, persistent, consistent, regular and perhaps even aggressive buying of bitcoin, they may well spend 4-10 years or longer just buying and building up their BTC stash size, and so at some point they might start to consider that they have enough or more than enough BTC, so at that point, they may well adjust their BTC accumulation tactics and they might even wait a whole cycle or at least several years before they transition from ongoing buying of BTC and into some forms of sustainable withdrawal whether price-based and/or time-based sustainable withdrawal.

[edited out]

It's the beauty of Bitcoin that we can continue with any amount. If in a particular week I don't have any money or less money compared to what I am investing then I can compensate that in future when I have additional money. The key point is never stop investing in Bitcoin specially those of us who are new and don't have enough Bitcoins. The results of continuous investing into Bitcoin will be seen after 5 or more years and then one can feel proud of his decision of investing in Bitcoin. In start it may look boring but after 5 or more years it will be full of excitement. 

Sure.  It is not guaranteed to go up, but it is quite likely that after a full cycle of continuously buying bitcoin (and perhaps even aggressively buying) and even 5 years you are going to start to feel that you are making quite a bit of progress, even if you might not be done accumulating bitcoin yet, unless maybe you had been able to front load your bitcoin.

Even with you MusaPk, you seem to be over half way through your 5 year journey, and even getting close to 3 years of buying bitcoin.. so that must feel good.. even though surely some guys may well have had got a slow start in their bitcoin investment instead of investing aggressively from the start (or the start of their forum registration).   

What you said is not true, ginsan.
discretionary income is any amount of money that you still have after you pay your expenses.

Discretionary income does not need to be fixed or stable.
Sure, it is helpful to have stable and/or fixed income but it is not necessary.
If you say that a person needs fixed and/or stable income in order to buy bitcoin, you are adding an additional condition that is not necessary even if it might be helpful.

It is like saying that I need to have $100 every week to invest in bitcoin, and if I only have $50 this week or some weeks I have $10 and other weeks I have $200, and some weeks I do not have any, and the punchline is that there is a lot of variance in my discretionary income, yet I still can invest in bitcoin, even if those amounts and/or those frequencies are not known in advance.

Bitcoin is all about taking advantage to invest and be profitable at it, this may come by any chance and at any time, for us to be an investor, we may not have to depend on having a discretionary income which some also called a fixed source, instead we can have one or two sources to the income being generated, then plan on the accumulation pattern for our asset and device a strategy to use like DCA, which could best be applicable as at when we are capable enough to buy and hold as the market dips and as we are having our income flow coming.

Even though I might be able to figure out what you are saying Dunamisx, you are speaking a wee bit in gobble-dee-gook.

1st- sure it may well be the case that many of us investors are only investing into bitcoin because we consider that in the longer term the BTC prices are tending to go up, so in 4-10 years or longer, it is quite likely that our BTC holdings will be in profits and we will have more options based on having had invested in bitcoin as compared with if we had not invested in bitcoin.   Another thing we realize is that our investment into bitcoin is not guaranteed to be profitable, but we would not be investing into bitcoin if we thought that it had a low probability of success.

There should be no reason that we are overly focused on the extent to which we are in profits - especially while we are in our earlier accumulation phases, and sure I understand the dilemma for guys who have been in bitcoin for 3.5 years like you and largely the BTC price has been going up a lot during the time that you have been in.. Well at least it went down first and then it went up, so surely you would have had some chances to buy during our quite lengthy 2022 and 2023 down period, even though we have been going up since late 2022, yet we might not have had realized that we were going up and/or that we were in a bull market until mid-to-late 2023, so there surely could have had been some guys who were failing/refusing to accumulate bitcoin in 2022 and 2023, even though the opportunities were there.. especially for any newbies into bitcoin.

Sure some guys will have more than one job and more than one source income, so it may well depend on the guy to figure out the places in which he might be able to make the most money for how he spends his time, and sometimes it might make sense to spend money in order to make money later, in terms of education and/or creating a business, so the suggestion about whether or how to create income may well be different from the suggestion whether or not to invest into bitcoin and/or suggest that methods of investing into bitcoin, since my earlier point was largely suggesting that there is not any need for strong income in order to be able to invest into bitcoin,

...and at a bare minimum, the investor into bitcoin only needs to determine the extent to which he has discretionary income in order to be able to invest into bitcoin, and surely the more discretionary income that he has, then the more options that he has in regards to building up both his bitcoin investment and perhaps making sure that his emergency fund and other back up funds are adequately built up and/or in place so that he may well feel more comfortable being more aggressive in his bitcoin investment when he has strong cashflow management practices, whether that is increasing his income or merely just having various back up funds in place.  Of course, if he has both good income and good cashflow management practices, then that is better, even though both are not needed in order to invest into bitcoin.. even though discretionary income is needed to invest into bitcoin.  If a person does not have discretionary income then he cannot invests into bitcoin..

Another thing about back up funds.  They are build up from discretionary income, so even a person who might run out of discretionary income for a period of time, he may well still choose to invest into bitcoin from his back up funds, yet if his back up funds are drying up and if it might be unclear the extent to which his discretionary income will be replaced or come back, then he may well have to discontinue his investment into bitcoin while he is figuring out his income and/or expenses situation.

There is nothing wrong with your point about DCA investing and focusing on ongoing accumulating of bitcoin and holding, and surely even within our choices to DCA invest, we can choose how aggressive we are going to be based on a combination of our income, our expenses, our cashflow management and our back up funds... yet at the same time, if we are setting long term accumulation goals, then we may well have to invest a year or two of our the value of our expenses or our income (which is higher) in order to hopefully start to see that our bitcoin value might be going up enough that we might change our strategy away from accumulation and into holding and perhaps even later transition into some form of sustainable withdrawal.

Doing this makes it a perfect and more convenient way to invest into bitcoin and hold, by using different strategic entry points for an investment and also strategizing on the perfect timing for us to invest on the asset and hold, mostly which is when the market dumps, then we buy to sell when it pumps.

I doubt that it is helpful for newbies to bitcoin or anyone else to be fucking around trying to figure out "perfect timing," which likely will get guys into a wrong mindset.  Maybe after several years of ongoing accumulation of bitcoin, then a guy might transition into less aggressive buying of bitcoin, and perhaps start to try to time dips rather than ongoingly buying bitcoin.

It seems to me that newbies frequently get caught on ideas of BTC prices and buying dips rather than trying to stay focused on ongoingly buying bitcoin for 4-10 years or more.  It takes a long time to build up a bitcoin portfolio, and it seems if guyys are overly focused on BTC prices rather than just regularly buying, then he likely ends up employing way less aggressive bitcoin accumulation strategies than if he just keeps buying bitcoin regularly, ongoingly, persistently, consistently and perhaps even aggressively. which does not depend upon BTC price changes and/or dips that may or may not end up happening.

Fluctuations in the market price was never their problem, this is only accountable for newbie investors. If volatility of bitcoin was the problem of those early birds I don't think any would have successfully held their coins until today. When you have understand how the market operates and the major trend of the market it's easy for you to understand that bitcoin from a higher time frame is headed upwards irrespective of those minor bearish trends that tends to weigh newbies to panic and sell. When using the DCA strategy to accumulate there is no need to develop doubts to weather or not to invest during the peak price as long as your goal is to invest for a Long term, though this might be a problem for newbies but as time goes by they'll adapt to the system and understand that those are just little insignificant moves in bitcoin's major trend.

Beginner Investors need to learn a lot about how to invest so that they don't make mistakes in taking steps if they buy BTC in DCA mode it will benefit them in the future, after all, people who invest use cold money to do it, so even though they buy at a high price, it doesn't matter if they don't always look at the fluctuating coin price and don't panic if there is a decline and remain disciplined in investing.

Beginners do not need to learn a lot about bitcoin prior to getting started, since to get started all they likely need is to know whether or not they have any discretionary funds.  If they have discretionary funds, then they can get started investing into bitcoin, and they can learn along the way.

Surely, if they are feeling like they do not know anything and that they need to know more, then they likely would need to error on the side of investing less in the beginning as they are figuring out their individual matters.

Bitcoin is all about taking advantage to invest and be profitable at it, this may come by any chance and at any time, for us to be an investor, we may not have to depend on having a discretionary income which some also called a fixed source, instead we can have one or two sources to the income being generated, then plan on the accumulation pattern for our asset and device a strategy to use like DCA, which could best be applicable as at when we are capable enough to buy and hold as the market dips and as we are having our income flow coming.

Could this be another way of saying having a plan to consciously use DCA without having to depend solely on discretionary income? I agree with you only when there are other sources of income. For a skilled person whom in most case earn high or someone who can carryout multiple jobs before the end of the month it's much easier to apply DCA without depending on discretionary income because they have constant flow of money.

But a scenario where this opportunities are rare. I mean having the chance to earn more income then the only option is to depend on the available income which in this case fall back to the discretionary income.

Holy shit.  This is confusing.

Discretionary income is merely the amount of money that a person has remaining once he takes care of expenses, so if he has more sources of income, then he is likely increasing his discretionary income with those extra sources of income to the extent that some of the new sources of income might be creating some costs too.. such as if a person has to transport themselves to the new employment or if the person might have to buy materials or equipment in order to be able to receive the extra income... of course, any sources of extra income also have a time component, which can be considered as a cost too... so there may be choices in regards to which sources of income might cost less time as compared with other sources of income.

[Tmoonz]

I think a beginner can start with the basic knowledge, as they can not be able to get all the required knowledge without investing. However, When a beginner is provided with the basic knowledge about bitcoin investment it means that they're fully aware of the market volatility, and also knowing that investing with our pocket money is not advised but from their discretionary fund, and also knowing  that emergency fund is required during this process of accumulation, and also,  the risk that is involved and how to manage them. As Long as a beginner is provided with this guidelines and it happens that their discretionary fund is available, they can start accumulating bitcoin as soon as possible, probably if there's any information that they're missing out I believe with time they will be able to figure it out.

Basic knowledge is not enough to start investing, you need to have a source of discretionary income and mental preparation. Suppose you have basic knowledge but do not have a source of discretionary income, then can you start investing and sustain it for a long time? No, it is not possible. Because you may be forced to withdraw that money from the investment and face losses. Even if you are not mentally prepared, there may be errors in your plan and doubts may arise in your mind about the investment. Basic knowledge is enough for investment in terms of knowledge, but overall basic knowledge is not enough to start investing.

You don't have to get yourself confused it the same you are saying basic knowledge is basic knowledge and it seems that you both are in the same spotlight of saying certain vitals about basic knowledge. No doubt about having source of income, it is from our income that we be able to determine our discretionary income. However, how about you also consider the 9 individual factors too in the Link below as an inclusive basis knowledge anyone coming to Bitcoin should also know.9 individual factors by jayjuanGee ,
 

[Ryu_Ar1]

Bitcoin is all about taking advantage to invest and be profitable at it, this may come by any chance and at any time, for us to be an investor, we may not have to depend on having a discretionary income which some also called a fixed source, instead we can have one or two sources to the income being generated, then plan on the accumulation pattern for our asset and device a strategy to use like DCA, which could best be applicable as at when we are capable enough to buy and hold as the market dips and as we are having our income flow coming.

I disagree with this because it is precisely discretionary income that is quite important if we really want to invest so in the end this should still be considered if we really want to be quite comfortable in investing, especially in bitcoin. Discretionary income can provide flexibility in the end to invest because after all, when we really want to invest, it is clear that the basic needs we have and the monthly routine costs must be met first so that after that we can invest. If in the end we do not rely on discretionary income where can we make investments while we do not have discretionary income.

Doing this makes it a perfect and more convenient way to invest into bitcoin and hold, by using different strategic entry points for an investment and also strategizing on the perfect timing for us to invest on the asset and hold, mostly which is when the market dumps, then we buy to sell when it pumps.

Strategic entry point? For the long term I don't really think this is important because any point can be strategic to buy. So in the end when this is done even if there is a temporary increase or decrease we are still not burdened and waiting to buy because those who wait in the end they will always be left behind so instead of that happening then all points can be strategic to buy if our goal is for the long term.
As for when later after we buy but the price crashes then we only need to buy again when the decline occurs so there is no need to feel as if we are wrong in making a purchase.

[Sonia_123]

Fluctuations in the market price was never their problem, this is only accountable for newbie investors. If volatility of bitcoin was the problem of those early birds I don't think any would have successfully held their coins until today. When you have understand how the market operates and the major trend of the market it's easy for you to understand that bitcoin from a higher time frame is headed upwards irrespective of those minor bearish trends that tends to weigh newbies to panic and sell. When using the DCA strategy to accumulate there is no need to develop doubts to weather or not to invest during the peak price as long as your goal is to invest for a Long term, though this might be a problem for newbies but as time goes by they'll adapt to the system and understand that those are just little insignificant moves in bitcoin's major trend.

Beginner Investors need to learn a lot about how to invest so that they don't make mistakes in taking steps if they buy BTC in DCA mode it will benefit them in the future, after all, people who invest use cold money to do it, so even though they buy at a high price, it doesn't matter if they don't always look at the fluctuating coin price and don't panic if there is a decline and remain disciplined in investing.

I think a beginner can start with the basic knowledge, as they can not be able to get all the required knowledge without investing. However, When a beginner is provided with the basic knowledge about bitcoin investment it means that they're fully aware of the market volatility, and also knowing that investing with our pocket money is not advised but from their discretionary fund, and also knowing  that emergency fund is required during this process of accumulation, and also,  the risk that is involved and how to manage them. As Long as a beginner is provided with this guidelines and it happens that their discretionary fund is available, they can start accumulating bitcoin as soon as possible, probably if there's any information that they're missing out I believe with time they will be able to figure it out.

A newbie are not suppose to just start investment mainly those that does not have the idea of investment at all, instead they need to be building their different backup funds, then start learn and practicing on how to invest in Bitcoin by keeping aside some of their income for 4-10 year long-term planning, in other to be successful in their investment journey, but newbies still need to get used to Bitcoin, but we don't have to reason that they do not have any experience in any investment ,they can start with the DCA strategy until they fully understand the process, then they can decide on which other strategy they wish to adopt.

 

[As-Soon-As]

Fluctuations in the market price was never their problem, this is only accountable for newbie investors. If volatility of bitcoin was the problem of those early birds I don't think any would have successfully held their coins until today. When you have understand how the market operates and the major trend of the market it's easy for you to understand that bitcoin from a higher time frame is headed upwards irrespective of those minor bearish trends that tends to weigh newbies to panic and sell. When using the DCA strategy to accumulate there is no need to develop doubts to weather or not to invest during the peak price as long as your goal is to invest for a Long term, though this might be a problem for newbies but as time goes by they'll adapt to the system and understand that those are just little insignificant moves in bitcoin's major trend.

Beginner Investors need to learn a lot about how to invest so that they don't make mistakes in taking steps if they buy BTC in DCA mode it will benefit them in the future, after all, people who invest use cold money to do it, so even though they buy at a high price, it doesn't matter if they don't always look at the fluctuating coin price and don't panic if there is a decline and remain disciplined in investing.

I think a beginner can start with the basic knowledge, as they can not be able to get all the required knowledge without investing. However, When a beginner is provided with the basic knowledge about bitcoin investment it means that they're fully aware of the market volatility, and also knowing that investing with our pocket money is not advised but from their discretionary fund, and also knowing  that emergency fund is required during this process of accumulation, and also,  the risk that is involved and how to manage them. As Long as a beginner is provided with this guidelines and it happens that their discretionary fund is available, they can start accumulating bitcoin as soon as possible, probably if there's any information that they're missing out I believe with time they will be able to figure it out.

A newbie are not suppose to just start investment mainly those that does not have the idea of investment at all, instead they need to be building their different backup funds, then start learn and practicing on how to invest in Bitcoin by keeping aside some of their income for 4-10 year long-term planning, in other to be successful in their investment journey, but newbies still need to get used to Bitcoin, but we don't have to reason that they do not have any experience in any investment ,they can start with the DCA strategy until they fully understand the process, then they can decide on which other strategy they wish to adopt.

 

So I want to say that those who want to take risks and invest in Bitcoin should never be afraid, you have to overcome fear and participate in Bitcoin investment only after overcoming fear. You can invest with as much money as you can afford to lose, Bitcoin is the only trusted coin where you can invest for a long time at any time and under any circumstances. If you do not have any deposited money then you can use the DCA method but it is best to follow the DCA method weekly and it is also possible to keep it for a long time.

[JayJuanGee]

[edited out]

For investment sustainability, a fixed income is needed, which is called discretionary income.

What you said is not true, ginsan.
discretionary income is any amount of money that you still have after you pay your expenses.

Discretionary income does not need to be fixed or stable.
Sure, it is helpful to have stable and/or fixed income but it is not necessary.
If you say that a person needs fixed and/or stable income in order to buy bitcoin, you are adding an additional condition that is not necessary even if it might be helpful.

It is like saying that I need to have $100 every week to invest in bitcoin, and if I only have $50 this week or some weeks I have $10 and other weeks I have $200, and some weeks I do not have any, and the punchline is that there is a lot of variance in my discretionary income, yet I still can invest in bitcoin, even if those amounts and/or those frequencies are not known in advance.

Having a fixed income to invest in Bitcoin is just like a policy, and as Bitcoin investment is meant only for those who have a fixed income.

It seems that I am saying the opposite.  I am saying that you do not need a fixed income. All you need is discretionary income to invest in bitcoin.  Why do guys keep repeating the wrong thing?

Having a fixed income is not necessary to invest in Bitcoin;

This is true.

it is better to say one needs an income or source of income.

That is not better.  Maybe some guys keep repeating the wrong idea because they do not know the difference between having discretionary funds and having a source income (or a steady income or a fixed income)?

Yeah, there can be guys who have income that is not regular, yet they can still invest into bitcoin one time based on their having extra income after paying expenses, which is called discretionary income.

It is not essential that this must be a fixed income, but the most important thing is having a source of income that you can depend on at all times.

You are internally contradicting yourself since having a source income that you can depend on and a fixed income is largely the same thing., and you do not need such a thing in order to buy bitcoin.

Then, invest the amount you can afford in Bitcoin, and this must be consistent to accumulate Bitcoin for the future.

Sure, this is true.

There are some people whose income is not fixed, especially the self-employed. This does not mean they need to have a fixed income before investing in Bitcoin; as long as there is a source of income, anybody can invest in Bitcoin.

I think that you are saying the same thing, but just using different words... so then we are arguing about semantics rather than arguing about the underlying idea... which means that we largely agree, but we are just expressing the matter differently.

[edited out]

I think the best way for someone without a fixed income to invest in Bitcoin is getting the average of what they use to earn or make and then take some cent from the average and be investing with it. With this, one don't have to struggle on the amount of money to be used for investment as someone whose income is not fixed instead of investing with random amount because you might definitely make a mistake and so whether fixed income or not it doesn't matter, what matters is the ability for you to do these mentioned above.

I think that the point is that every week or every month a guy can decide if he has any money left in order to buy bitcoin for that week (or month).  There is no need to make grand assessments, even though surely it does help if the guy knows that in the future he is going to continue to have income, yet the more uncertain that he is about his future income, then the more difficult it might be for him to determine that he actually has enough discretionary income to be able to buy bitcoin.  If he decides that he does not have discretionary income then he cannot buy bitcoin since he would be using money that he needs for expenses.

[edited out]

As stated by JJG, discretionary income will never be stable, it can reach $100, $200 or $30 and it all depends on their living expenses.

Some folks will have more steady discretionary than other folks, and surely the more money that a person makes, the more likely that they are going to have a lot of extra discretionary income and more options, and folks who have small levels of discretionary income will likely need to manage their cashflows better in order to not mess up.

You are correct that I probably mentioned that there is likely to be variance in discretionary income, yet if someone is making a lot of money (and especially if their level of income is way greater than their expenses), then they may well not even notice the variance in their income and/or expenses, as compared with someone who does not have a lot of discretionary income.. they will have to pay more attention in regards to making sure that they are not making mistakes, and even keeping more backup funds in order to account for their not having a lot of discretionary income... and sure increasing income and/or decreasing expenses can help folks to have more options, since it will increase their discretionary income.

My emphasis in my earlier post was that a guy does not have to have a lot of discretionary income or even a steady discretionary income to invest in bitcoin, yet a person with more discretionary income and more of a steady discretionary income will have more options than a person who does not have such circumstances, yet all that is needed to invest into bitcoin is discretionary income. and the details can be worked out, since the details are likely going to vary from person to person.

Could this be another way of saying having a plan to consciously use DCA without having to depend solely on discretionary income? I agree with you only when there are other sources of income. For a skilled person whom in most case earn high or someone who can carryout multiple jobs before the end of the month it's much easier to apply DCA without depending on discretionary income because they have constant flow of money.

But a scenario where this opportunities are rare. I mean having the chance to earn more income then the only option is to depend on the available income which in this case fall back to the discretionary income.

You may be trying to prioritize alternative income sources in your statement. I would not hesitate to agree with you on this.

It would be great if you could find alternative income sources and use them in your DCA rather than just doing DCA based on discretionary income. I often notice that we don't talk about alternative income sources much in the investment world. Maybe it's because it's not easy for everyone. Finding a discretionary income source may be somewhat easy for most people, but alternative income sources are not available to everyone and are also difficult to find. But it is certainly possible if we can put in the extra effort.

Having alternative income sources means we don't have to rely solely on discretionary income sources to do DCA. It makes your investment journey easier and helps you reach your goals faster. It even makes it easier for you to plan your finances. Generating additional cash flow and building the necessary funds becomes much easier.

You are making things sound even more confusing than necessary Shadiq.  A person who adds more income sources is likely adding more discretionary income, so the person could have all of their expenses covered by one job, but if they get additional jobs, then they increase their discretionary income based on the new jobs.  Some people get extra jobs because they are not able to live off of the income of one job, so they might still be covering their expenses by new sources of income, yet at some point all of their expenses will be covered, and then whatever they make after their expenses are covered would be discretionary income.

I think a beginner can start with the basic knowledge, as they can not be able to get all the required knowledge without investing. However, When a beginner is provided with the basic knowledge about bitcoin investment it means that they're fully aware of the market volatility, and also knowing that investing with our pocket money is not advised but from their discretionary fund, and also knowing  that emergency fund is required during this process of accumulation, and also,  the risk that is involved and how to manage them. As Long as a beginner is provided with this guidelines and it happens that their discretionary fund is available, they can start accumulating bitcoin as soon as possible, probably if there's any information that they're missing out I believe with time they will be able to figure it out.

Basic knowledge is not enough to start investing, you need to have a source of discretionary income and mental preparation. Suppose you have basic knowledge but do not have a source of discretionary income, then can you start investing and sustain it for a long time? No, it is not possible. Because you may be forced to withdraw that money from the investment and face losses. Even if you are not mentally prepared, there may be errors in your plan and doubts may arise in your mind about the investment. Basic knowledge is enough for investment in terms of knowledge, but overall basic knowledge is not enough to start investing.

This post is confusing.  A guy need discretionary income to invest in bitcoin. Yes.  Basic knowledge involves figuring out if his income is greater than his expenses, then that is called discretionary income, so he can get started buying bitcoin. He can learn the details as he goes, but if he has a discretionary income, he can get started.. and sure of course, he can consider his 9 individual particulars too, but he does not have to have his 9 individual particulars worked out to get started.. all he needs to know when he gets started is if he has discretionary funds..

and sure the less that he knows and the more uncomfortable that he is with bitcoin, then he likely would need to reduce his starting amount, so maybe a guy knows that he has $100 per week that he could use to invest in bitcoin, yet he is uncomfortable in the beginning and as he is learning, so he might decide to start investing $30-$40 per week while he is learning some particulars and as he becomes more comfortable, he might decide to increase his investment into bitcoin, and perhaps after 3-6 months, he might figure out that he has ways that he can increase his income and/or decrease his expenses so then he figures out that he has even more than $100 that he would be able to invest into bitcoin on a weekly basis.  Learning as you go is good, and actually investing while you learn helps to motivate you to learn more, as long as you are investing sufficiently small enough amounts that you can afford to lose in case you mess up or the investment does not work out.. yet anyone investing into bitcoin should be able to study bitcoin and to consider if they have some ideas that cause them to believe that bitcoin is amongst the better of investments if not the best investment that is available to everyone and anyone around the world who has a discretionary income.

[edited out]

You don't have to get yourself confused it the same you are saying basic knowledge is basic knowledge and it seems that you both are in the same spotlight of saying certain vitals about basic knowledge. No doubt about having source of income, it is from our income that we be able to determine our discretionary income. However, how about you also consider the 9 individual factors too in the Link below as an inclusive basis knowledge anyone coming to Bitcoin should also know.9 individual factors by jayjuanGee ,

I doubt that the 9 individual factors need to be known in any detail to get started investing into bitcoin, since the only thing that is needed to be known is whether a guy has discretionary income or not, and he can figure out the details of the 9 individual factors as he goes - even though it does not hurt to consider where a guy is at in regards to each of the 9 individual factors at the time that he starts investing into bitcoin.

[laijsica]

Fluctuations in the market price was never their problem, this is only accountable for newbie investors. If volatility of bitcoin was the problem of those early birds I don't think any would have successfully held their coins until today. When you have understand how the market operates and the major trend of the market it's easy for you to understand that bitcoin from a higher time frame is headed upwards irrespective of those minor bearish trends that tends to weigh newbies to panic and sell. When using the DCA strategy to accumulate there is no need to develop doubts to weather or not to invest during the peak price as long as your goal is to invest for a Long term, though this might be a problem for newbies but as time goes by they'll adapt to the system and understand that those are just little insignificant moves in bitcoin's major trend.

Beginner Investors need to learn a lot about how to invest so that they don't make mistakes in taking steps if they buy BTC in DCA mode it will benefit them in the future, after all, people who invest use cold money to do it, so even though they buy at a high price, it doesn't matter if they don't always look at the fluctuating coin price and don't panic if there is a decline and remain disciplined in investing.

I think a beginner can start with the basic knowledge, as they can not be able to get all the required knowledge without investing. However, When a beginner is provided with the basic knowledge about bitcoin investment it means that they're fully aware of the market volatility, and also knowing that investing with our pocket money is not advised but from their discretionary fund, and also knowing  that emergency fund is required during this process of accumulation, and also,  the risk that is involved and how to manage them. As Long as a beginner is provided with this guidelines and it happens that their discretionary fund is available, they can start accumulating bitcoin as soon as possible, probably if there's any information that they're missing out I believe with time they will be able to figure it out.

A newbie are not suppose to just start investment mainly those that does not have the idea of investment at all, instead they need to be building their different backup funds, then start learn and practicing on how to invest in Bitcoin by keeping aside some of their income for 4-10 year long-term planning, in other to be successful in their investment journey, but newbies still need to get used to Bitcoin, but we don't have to reason that they do not have any experience in any investment ,they can start with the DCA strategy until they fully understand the process, then they can decide on which other strategy they wish to adopt.

You can explain the need for a backup fund at the beginning of the investment but it should not be a constraint at the beginning of the Bitcoin accumulation. It is important to start with Bitcoin and if he can start, he may be able to find the most suitable way to manage the backup fund and sometimes aggressive accumulation/buying for the long term.
In my opinion, new investors who are not very experienced in investing can approve the Bitcoin accumulation scheme under the DCA strategy as he will accumulate Bitcoin from his weekly/monthly discretionary income and arrange regular rotations for 4-10 years. The recommendation to increase the amount of backup fund gradually to front load and further more holding from floating cash funds should be accepted.

[Samlucky O]

I think the best way for someone without a fixed income to invest in Bitcoin is getting the average of what they use to earn or make and then take some cent from the average and be investing with it.

This is surely talking about investing with what you can afford to lose, but the way you explain it makes it look somehow different. We have said it repeatedly that guys should figure out how to invest with the little they can afford to lose, as this will help to maintain a good investment strategy to avoid selling your Bitcoin too quickly. if it happens that you are investing aggressively without a good reserved fund you will fuck up down the road due to bad financial management.

With this, one don't have to struggle on the amount of money to be used for investment as someone whose income is not fixed instead of investing with random amount because you might definitely make a mistake and so whether fixed income or not it doesn't matter, what matters is the ability for you to do these mentioned above.

The question is that are you investing from your salary or from your discretion fund. Yeah I quit agree with you that a person might have an epileptic or an Iregular source of income but if he has a sizable reserved fund then he may maintain a fixed amount of accumulation for sometime before he can stop if the salary is no longer coming to avoid touching his Bitcoin investment.

[SilverCryptoBullet]

This is surely talking about investing with what you can afford to lose, but the way you explain it makes it look somehow different. We have said it repeatedly that guys should figure out how to invest with the little they can afford to lose, as this will help to maintain a good investment strategy to avoid selling your Bitcoin too quickly. if it happens that you are investing aggressively without a good reserved fund you will fuck up down the road due to bad financial management.

It's not about big or small fund but about how big or small your invesment fund is in comparison with your whole finance. To afford losing your investment fund, basically it should not consume too big part of your whole finance.

As if you are a degen, and bet all your finance into one investment for example Bitcoin, or worse with a shitcoin, I am very sure that after you made your entry, your mentality will become very unstable as you know deeply by your heart that if you lose in that bet, your life will be destroyed entirely when you will have no money left and face with a truly terrible bankruptcy.

If you manage to use small and acceptable discremental part of your whole finance into investment, you will easily afford to lose it, and it makes your hands stronger for holding a good asset like Bitcoin.

[Tonimez]

This is surely talking about investing with what you can afford to lose, but the way you explain it makes it look somehow different. We have said it repeatedly that guys should figure out how to invest with the little they can afford to lose, as this will help to maintain a good investment strategy to avoid selling your Bitcoin too quickly. if it happens that you are investing aggressively without a good reserved fund you will fuck up down the road due to bad financial management.

It's not about big or small fund but about how big or small your invesment fund is in comparison with your whole finance. To afford losing your investment fund, basically it should not consume too big part of your whole finance.

As if you are a degen, and bet all your finance into one investment for example Bitcoin, or worse with a shitcoin, I am very sure that after you made your entry, your mentality will become very unstable as you know deeply by your heart that if you lose in that bet, your life will be destroyed entirely when you will have no money left and face with a truly terrible bankruptcy.

If you manage to use small and acceptable discremental part of your whole finance into investment, you will easily afford to lose it, and it makes your hands stronger for holding a good asset like Bitcoin.

I think you are giving much emphasis to the wrong aspect of unrealistic bitcoin speculations by non investors and traders. If you are Really referring to bitcoin investment, then you might be wrong about a person loosing all his funds. Bitcoin investment is a long term practice and records have not had such investors regret holding their funds.

Investment by DCA using discretionary income does not also imply preparing to loose your entire money as it is nearly impossible. Bitcoin traders are faced with loosing their money often times because they keep buying to sell in short term and has no patience to hold.

So I don't think it's right to scare a newbie with the saying that YOU INVEST WHAT YOU CAN AFFORD TO LOOSE.

[Zackz5000]

This is surely talking about investing with what you can afford to lose, but the way you explain it makes it look somehow different. We have said it repeatedly that guys should figure out how to invest with the little they can afford to lose, as this will help to maintain a good investment strategy to avoid selling your Bitcoin too quickly. if it happens that you are investing aggressively without a good reserved fund you will fuck up down the road due to bad financial management.

It's not about big or small fund but about how big or small your invesment fund is in comparison with your whole finance. To afford losing your investment fund, basically it should not consume too big part of your whole finance.

As if you are a degen, and bet all your finance into one investment for example Bitcoin, or worse with a shitcoin, I am very sure that after you made your entry, your mentality will become very unstable as you know deeply by your heart that if you lose in that bet, your life will be destroyed entirely when you will have no money left and face with a truly terrible bankruptcy.

If you manage to use small and acceptable discremental part of your whole finance into investment, you will easily afford to lose it, and it makes your hands stronger for holding a good asset like Bitcoin.

I think you are giving much emphasis to the wrong aspect of unrealistic bitcoin speculations by non investors and traders. If you are Really referring to bitcoin investment, then you might be wrong about a person loosing all his funds. Bitcoin investment is a long term practice and records have not had such investors regret holding their funds.

Investment by DCA using discretionary income does not also imply preparing to loose your entire money as it is nearly impossible. Bitcoin traders are faced with loosing their money often times because they keep buying to sell in short term and has no patience to hold.

So I don't think it's right to scare a newbie with the saying that YOU INVEST WHAT YOU CAN AFFORD TO LOOSE.

How will that statement Invest what you can afford to loss  be scaring to newbies? That's just the reality of bitcoin investment you will definitely be gambling with your investment the moment you are using the money you can't afford to loss because there will be a point where you will be willing to sell out your bitcoin in a very short time because you were investing with the amount you can't do away with.
Bitcoin investment should be done with our discretionary income, your leftover income after you have sort all necessary expenses such as family needs feeding, children school fees and so then you an use the remaining for your bitcoin investment which is your discretionary income. So investing with what you can afford to loss shouldn't be a scaring statement to newbies that is what they need to know.

[Nheer]

This is surely talking about investing with what you can afford to lose, but the way you explain it makes it look somehow different. We have said it repeatedly that guys should figure out how to invest with the little they can afford to lose, as this will help to maintain a good investment strategy to avoid selling your Bitcoin too quickly. if it happens that you are investing aggressively without a good reserved fund you will fuck up down the road due to bad financial management.

It's not about big or small fund but about how big or small your invesment fund is in comparison with your whole finance. To afford losing your investment fund, basically it should not consume too big part of your whole finance.

I am not entirely sure what you about to explain here again and your explanations might get new investors confused. I think Samlucky O has explained easily why having a reserved fund is crucial and investing aggressively without having extra funds for other finances might affect your investment plan along the road. It's all about finding a balance that works for you so you can invest for a long period without stressing about other financial responsibilities.

[Tonimez]

This is surely talking about investing with what you can afford to lose, but the way you explain it makes it look somehow different. We have said it repeatedly that guys should figure out how to invest with the little they can afford to lose, as this will help to maintain a good investment strategy to avoid selling your Bitcoin too quickly. if it happens that you are investing aggressively without a good reserved fund you will fuck up down the road due to bad financial management.

It's not about big or small fund but about how big or small your invesment fund is in comparison with your whole finance. To afford losing your investment fund, basically it should not consume too big part of your whole finance.

As if you are a degen, and bet all your finance into one investment for example Bitcoin, or worse with a shitcoin, I am very sure that after you made your entry, your mentality will become very unstable as you know deeply by your heart that if you lose in that bet, your life will be destroyed entirely when you will have no money left and face with a truly terrible bankruptcy.

If you manage to use small and acceptable discremental part of your whole finance into investment, you will easily afford to lose it, and it makes your hands stronger for holding a good asset like Bitcoin.

I think you are giving much emphasis to the wrong aspect of unrealistic bitcoin speculations by non investors and traders. If you are Really referring to bitcoin investment, then you might be wrong about a person loosing all his funds. Bitcoin investment is a long term practice and records have not had such investors regret holding their funds.

Investment by DCA using discretionary income does not also imply preparing to loose your entire money as it is nearly impossible. Bitcoin traders are faced with loosing their money often times because they keep buying to sell in short term and has no patience to hold.

So I don't think it's right to scare a newbie with the saying that YOU INVEST WHAT YOU CAN AFFORD TO LOOSE.

How will that statement Invest what you can afford to loss  be scaring to newbies? That's just the reality of bitcoin investment you will definitely be gambling with your investment the moment you are using the money you can't afford to loss because there will be a point where you will be willing to sell out your bitcoin in a very short time because you were investing with the amount you can't do away with.
Bitcoin investment should be done with our discretionary income, your leftover income after you have sort all necessary expenses such as family needs feeding, children school fees and so then you an use the remaining for your bitcoin investment which is your discretionary income. So investing with what you can afford to loss shouldn't be a scaring statement to newbies that is what they need to know.

The difference is that you are not investing what you can loose but what you can hold. There's a clear difference!! What you can loose makes it a gambling which is Trading. Whereas investing to hold means Bitcoin Investment. Investing with discretionary income particularly by DCA means you are aiming long term holding. Discretionary income doesn't mean anyone would love to loose the money. Bitcoin Trading is the reason behind that statement "Invest what you can loose"! Don't confuse the two. I don't know it all but I still know that anyone that really understands bitcoin and won't ask anyone to invest what he can afford to loose but what he can afford to hold for long.

[avp2306]

How will that statement Invest what you can afford to loss  be scaring to newbies? That's just the reality of bitcoin investment you will definitely be gambling with your investment the moment you are using the money you can't afford to loss because there will be a point where you will be willing to sell out your bitcoin in a very short time because you were investing with the amount you can't do away with.
Bitcoin investment should be done with our discretionary income, your leftover income after you have sort all necessary expenses such as family needs feeding, children school fees and so then you an use the remaining for your bitcoin investment which is your discretionary income. So investing with what you can afford to loss shouldn't be a scaring statement to newbies that is what they need to know.

The difference is that you are not investing what you can loose but what you can hold. There's a clear difference!! What you can loose makes it a gambling which is Trading. Whereas investing to hold means Bitcoin Investment. Investing with discretionary income particularly by DCA means you are aiming long term holding. Discretionary income doesn't mean anyone would love to loose the money. Bitcoin Trading is the reason behind that statement "Invest what you can loose"! Don't confuse the two. I don't know it all but I still know that anyone that really understands bitcoin and won't ask anyone to invest what he can afford to loose but what he can afford to hold for long.

Somehow I don't like the word you can afford to lose especially if we are dealing about Bitcoin since somehow we are not losing especially if we are accumulating intended for long term.

Those losing situation will only occur especially if you are trading and you decide to sell your Bitcoin because you are afraid to lose more. In that situation I guess its good to use the word invest only what you can afford.

But somehow people have different takes towards this discussion and what's important is we know what to do and aim to buy then HODL Bitcoin for long term.

[Joy- maker]

This is surely talking about investing with what you can afford to lose, but the way you explain it makes it look somehow different. We have said it repeatedly that guys should figure out how to invest with the little they can afford to lose, as this will help to maintain a good investment strategy to avoid selling your Bitcoin too quickly. if it happens that you are investing aggressively without a good reserved fund you will fuck up down the road due to bad financial management.

It's not about big or small fund but about how big or small your invesment fund is in comparison with your whole finance. To afford losing your investment fund, basically it should not consume too big part of your whole finance.

As if you are a degen, and bet all your finance into one investment for example Bitcoin, or worse with a shitcoin, I am very sure that after you made your entry, your mentality will become very unstable as you know deeply by your heart that if you lose in that bet, your life will be destroyed entirely when you will have no money left and face with a truly terrible bankruptcy.

If you manage to use small and acceptable discremental part of your whole finance into investment, you will easily afford to lose it, and it makes your hands stronger for holding a good asset like Bitcoin.

I think you are giving much emphasis to the wrong aspect of unrealistic bitcoin speculations by non investors and traders. If you are Really referring to bitcoin investment, then you might be wrong about a person loosing all his funds. Bitcoin investment is a long term practice and records have not had such investors regret holding their funds.

Investment by DCA using discretionary income does not also imply preparing to loose your entire money as it is nearly impossible. Bitcoin traders are faced with loosing their money often times because they keep buying to sell in short term and has no patience to hold.

So I don't think it's right to scare a newbie with the saying that YOU INVEST WHAT YOU CAN AFFORD TO LOOSE.

How will that statement Invest what you can afford to loss  be scaring to newbies? That's just the reality of bitcoin investment you will definitely be gambling with your investment the moment you are using the money you can't afford to loss because there will be a point where you will be willing to sell out your bitcoin in a very short time because you were investing with the amount you can't do away with.
Bitcoin investment should be done with our discretionary income, your leftover income after you have sort all necessary expenses such as family needs feeding, children school fees and so then you an use the remaining for your bitcoin investment which is your discretionary income. So investing with what you can afford to loss shouldn't be a scaring statement to newbies that is what they need to know.

The difference is that you are not investing what you can loose but what you can hold. There's a clear difference!! What you can loose makes it a gambling which is Trading. Whereas investing to hold means Bitcoin Investment. Investing with discretionary income particularly by DCA means you are aiming long term holding. Discretionary income doesn't mean anyone would love to loose the money. Bitcoin Trading is the reason behind that statement "Invest what you can loose"! Don't confuse the two. I don't know it all but I still know that anyone that really understands bitcoin and won't ask anyone to invest what he can afford to loose but what he can afford to hold for long.

am hearing the bold statement for the first time and I find it misleading, why not read through the thread to see what others are contributing to the thread instead of saying things by assumption to confuse newbies. The right Statement is to invest what you can afford to loose in bitcoin and not to invest what you can afford to hold, bitcoin is not a  heavy metal that you should invest what you can afford to hold, it is a digital currency that you can hold any amount in your wallet.

[Tamaperdana]

Bitcoin is all about taking advantage to invest and be profitable at it, this may come by any chance and at any time, for us to be an investor, we may not have to depend on having a discretionary income which some also called a fixed source, instead we can have one or two sources to the income being generated, then plan on the accumulation pattern for our asset and device a strategy to use like DCA, which could best be applicable as at when we are capable enough to buy and hold as the market dips and as we are having our income flow coming.

Could this be another way of saying having a plan to consciously use DCA without having to depend solely on discretionary income? I agree with you only when there are other sources of income. For a skilled person whom in most case earn high or someone who can carryout multiple jobs before the end of the month it's much easier to apply DCA without depending on discretionary income because they have constant flow of money.

But a scenario where this opportunities are rare. I mean having the chance to earn more income then the only option is to depend on the available income which in this case fall back to the discretionary income.

I think it's the same as discretionary income. Because discretionary income is the money left over from the money you use for your expenses. So, if you have a lot of income from your various creativity and a lot of money left over after you shop for basic necessities, you can say that all of that money is discretionary income. So if you say that investing in bitcoin doesn't always require discretionary income, I think you're wrong. Because all the assumptions you mean are basically discretionary income. In addition, if you invest in bitcoin without using discretionary money, I think the investment will run less smoothly. So with that, you don't need to say that you don't need discretionary income to invest in bitcoin, because basically what you said is completely opposite to what you meant. In addition, you need to know, investing is something that is long-term, so the money used must really be discretionary and apart from discretionary money I think the risk will be quite large if used. And so it is with investing in bitcoin.