Buy the DIP, and HODL!

[Publictalk792]

Different uncertain circumstances can hinder one from having numerous source of income but if one is in a better situation whereby they're fit or healthy enough to have numerous source of income then the better for such folks cause more source of income means more discretionary for investment and more funds to take care of other expenses too and more discretionary means a higher rate of accumulation to yield more profits, that's why when an investor has held for so many years, many about a decade or so it would be wise for the person to take some profits and create another source of income, maybe a business that would generate more income and discretionary to accumulate more Bitcoin and add value to their portfolio.

Earning money from multiple places is great idea if you are healthy enough to do so. More income means more money for you to invest and cover your expenses. This helps you build your wealth faster. If investor has held asset for a very long time like ten years it can be smart choice to sell portion of it. They can then use that money to start new business. This new business can become another source of income providing even more funds to invest and grow their portfolio.

[sotelorene]

I totally agree with you, but in addition to what you have said, in as much as the need for additional sources of income can't be overemphasized as far as this discussion is concerned it is also important to note that the primary essence of any income should be for any potential investments that would yield more profits that would also take care of every other family needs, this way the chances of going through financial pressure as a result of the needs of the family could be reduced to barest minimal thereby keeping you anticipating for more investment opportunities.

The essence of investing is seeking profit in order to achieve financial freedom in all aspects of our lives. Therefore, most people will certainly consider and choose the right assets to achieve this, for example, choosing Bitcoin as their primary investment. Another important aspect is considering how to manage it long-term without neglecting the basic needs of ourselves and our families. This investment is something that can be done very simply and without stress if we know how. Currently, there are still a lot of investors in Bitcoin, and it has the potential to grow even more over time. Therefore, those who already know the right way to invest in Bitcoin should not remain silent if they also want financial freedom in the future.

Perhaps you should have added financial freedom in the future because Bitcoin is not a get rich quick scheme and so if you limit it to this your view and point, it can make a lot of people especially newbie to believe they can actually get rich in Bitcoin in a short period of time which very wrong because we can not actually make or get a financial freedom in Bitcoin in a short while but rather we can get that in a long term investment and not just in a long term but with a condition that we carried it out properly and following the sequence and principles that it should be done.

[ultrloa]

Different uncertain circumstances can hinder one from having numerous source of income but if one is in a better situation whereby they're fit or healthy enough to have numerous source of income then the better for such folks cause more source of income means more discretionary for investment and more funds to take care of other expenses too and more discretionary means a higher rate of accumulation to yield more profits, that's why when an investor has held for so many years, many about a decade or so it would be wise for the person to take some profits and create another source of income, maybe a business that would generate more income and discretionary to accumulate more Bitcoin and add value to their portfolio.

Earning money from multiple places is great idea if you are healthy enough to do so. More income means more money for you to invest and cover your expenses. This helps you build your wealth faster. If investor has held asset for a very long time like ten years it can be smart choice to sell portion of it. They can then use that money to start new business. This new business can become another source of income providing even more funds to invest and grow their portfolio.

But people should not wait to have that multiple income stream first before they think about buying Bitcoin. Having single stream is I think enough as long as they have discretionary income left which they can use for their Bitcoin investment.

Although what you have said is right but I think its not easy as what you have said since its not automatic that once you build a business you immediately became successful. Since for me having many of those things will bring lots of stress especially if you can't handle those businesses so well. So for me before those situation happen its better that we already have good position and continuously buying Bitcoin and lets take another step once everything settled out and no other stressful factors that might give us any problem in life.

[cxtreenal]

Different uncertain circumstances can hinder one from having numerous source of income but if one is in a better situation whereby they're fit or healthy enough to have numerous source of income then the better for such folks cause more source of income means more discretionary for investment and more funds to take care of other expenses too and more discretionary means a higher rate of accumulation to yield more profits, that's why when an investor has held for so many years, many about a decade or so it would be wise for the person to take some profits and create another source of income, maybe a business that would generate more income and discretionary to accumulate more Bitcoin and add value to their portfolio.

Earning money from multiple places is great idea if you are healthy enough to do so. More income means more money for you to invest and cover your expenses. This helps you build your wealth faster. If investor has held asset for a very long time like ten years it can be smart choice to sell portion of it. They can then use that money to start new business. This new business can become another source of income providing even more funds to invest and grow their portfolio.

Having multiple sources of income means that the person is financially secure and it is easy for him to continue investing in Bitcoin in the long term. If he is fairly knowledgeable about Bitcoin and is realistic, then he should know about its future prospects. Bitcoin has seen impressive growth in value in just a few years and the value of this digital asset can increase tremendously over time, so if a healthy person has multiple sources of income, he can aggressively accumulation Bitcoin. A smart investor will regularly accumulation Bitcoin from discretionary income because that investor gives a special status to physical health and source of income. Sometimes many people get sick before they get old and they cannot be physically active. Therefore to ensure the right use of time they should increase their Bitcoin holdings as their real wealth increases.

[MusaPk]

Perhaps you should have added financial freedom in the future because Bitcoin is not a get rich quick scheme and so if you limit it to this your view and point, it can make a lot of people especially newbie to believe they can actually get rich in Bitcoin in a short period of time which very wrong because we can not actually make or get a financial freedom in Bitcoin in a short while but rather we can get that in a long term investment and not just in a long term but with a condition that we carried it out properly and following the sequence and principles that it should be done.

It's important to go some prior research before jumping into Bitcoin. It's very simple, if you want short term profit then their are other options available like forex and stock. One can try his luck in these sectors for quick gain. The core idea of Bitcoin investment is to "invest and forget" for at least 4 years and it will be best if you can forget it for 10 years. There will be time when you will be tempted to sell your Bitcoins because you are getting good return but one has to stick with his investment plan and hold Bitcoins until his target value is reached.  

[BitBakerr1]

Different uncertain circumstances can hinder one from having numerous source of income but if one is in a better situation whereby they're fit or healthy enough to have numerous source of income then the better for such folks cause more source of income means more discretionary for investment and more funds to take care of other expenses too and more discretionary means a higher rate of accumulation to yield more profits, that's why when an investor has held for so many years, many about a decade or so it would be wise for the person to take some profits and create another source of income, maybe a business that would generate more income and discretionary to accumulate more Bitcoin and add value to their portfolio.

Earning money from multiple places is great idea if you are healthy enough to do so. More income means more money for you to invest and cover your expenses. This helps you build your wealth faster. If investor has held asset for a very long time like ten years it can be smart choice to sell portion of it. They can then use that money to start new business. This new business can become another source of income providing even more funds to invest and grow their portfolio.

Yeah you are very correct however if you have hold your Bitcoin for ten years and you are now ready to start selling them in other to start up another business it is good you sell only 5 to 10% each time the price of Bitcoin doubles so any business you want to go into should be in the range of the profit you will get when you sell 5 to 10% each time the price doubles now the reason why you should maintain this rate is because you are not sure of how the business you are going into will turn out so you need to make sure your Bitcoin investment is still very much intact for you.
Some people make the mistake of selling all there Bitcoin just because they want to start a new business or investment with the money and after selling it and the start there new business or investment some time later it crashes and they lose it and also lose their bitcoin investment so keep your Bitcoin investment going while trying out other business or investment.

[Jostern]

Perhaps you should have added financial freedom in the future because Bitcoin is not a get rich quick scheme and so if you limit it to this your view and point, it can make a lot of people especially newbie to believe they can actually get rich in Bitcoin in a short period of time which very wrong because we can not actually make or get a financial freedom in Bitcoin in a short while but rather we can get that in a long term investment and not just in a long term but with a condition that we carried it out properly and following the sequence and principles that it should be done.

It's important to go some prior research before jumping into Bitcoin. It's very simple, if you want short term profit then their are other options available like forex and stock. One can try his luck in these sectors for quick gain. The core idea of Bitcoin investment is to "invest and forget" for at least 4 years and it will be best if you can forget it for 10 years. There will be time when you will be tempted to sell your Bitcoins because you are getting good return but one has to stick with his investment plan and hold Bitcoins until his target value is reached.  

I think that we could possibly have to deal with some sort of little details and understand, but making that much research shouldn’t be detrimental for us to starting Bitcoin, we could possibly want to learn about some safe exchange where we can buy and stack our bitcoins investment, but starting Bitcoin investment is quite reasonable, because yesterday is good for starting up our investment, and today is also good to start our Bitcoin investment, while we have started we can be learning little more and continue investing and buying bitcoin.

I think it’s not really reasonable to be advising people to invest in stocks and forex, I think it’s makes more sense for us to just keep talking what the thread is all about, we could just try and keep it professional instead of declining from the point of conversation.

[Sim_card]

Some people make the mistake of selling all there Bitcoin just because they want to start a new business or investment with the money and after selling it and the start there new business or investment some time later it crashes and they lose it and also lose their bitcoin investment so keep your Bitcoin investment going while trying out other business or investment.

It's a wrong practice to sell all the bitcoin that you have accumulated over a long period of time to start up a fiat business that's prone to inflation. Infact, I will say that it's one of the dumbest thing for anyone to do because you bitcoin investment alone will generate bigger and bigger profits in future if you keep on holding it and safe yourself the stress of starting up any business due to the compounding effect of your bitcoin portfolio.

I don't think that there's is any business currently, that can give you the percentage of profits that bitcoin can give to you in one circle if you invest into bitcoin with the same amount of money that you use to set up that business. It's good to have many streams of income but don't sell the most profitable one in order to set up a low profitable business all in the name of having many streams of income. I prefer to have only one strong  stream of income than two or more which isn't up to my one strong stream of income.

When you have reached your over accumulation stage, you can use the sustainable withdrawal method to tap profit from your bitcoin portfolio because that will keep your bitcoin portfolio in generating more profit because you are with you are withdrawing is very small compared to the compounding value.

[Sticky Bomb]

~

Overall, I completely agree with your assumption, because having multiple sources of income will certainly ensure our Bitcoin investment remains untouched or unaffected. However, I believe that in addition to having multiple sources of income, we should also cut back on non-essential expenses. I believe this is also crucial. It's essentially the same if we have multiple sources of income but are wasteful with our lifestyle. Therefore, it's better to combine multiple sources of income with a simple lifestyle. And that way, I'm sure our Bitcoin investment will run more smoothly.

Having multiple sources of income is good to make available more discretionary income that we can use to invest into Bitcoin. However even the funds from the multiple sources aren't managed properly by being as aggressive as possible without overdoing it and building out our emergency fund and other variances of backup funds in the process of accumulating Bitcoin, our portfolio still has the rights of being tempered regardless of our multiple sources of income.

This is why good cashflow management practices are very vital in our investment journey as it ensures our expenses is well planned and catered for and discretionary income are well identified and utilized properly. Good cashflow management practices helps us remain consistent in buying Bitcoin since every fund that comes our way is well utilized for it's various purpose and constant repetition of those practices ensures consistent purchase of Bitcoin and building of backup funds which would in turn guard our investment from actually being tempered.

[Rhow]

Perhaps you should have added financial freedom in the future because Bitcoin is not a get rich quick scheme and so if you limit it to this your view and point, it can make a lot of people especially newbie to believe they can actually get rich in Bitcoin in a short period of time which very wrong because we can not actually make or get a financial freedom in Bitcoin in a short while but rather we can get that in a long term investment and not just in a long term but with a condition that we carried it out properly and following the sequence and principles that it should be done.

It's important to go some prior research before jumping into Bitcoin. It's very simple, if you want short term profit then their are other options available like forex and stock. One can try his luck in these sectors for quick gain. The core idea of Bitcoin investment is to "invest and forget" for at least 4 years and it will be best if you can forget it for 10 years. There will be time when you will be tempted to sell your Bitcoins because you are getting good return but one has to stick with his investment plan and hold Bitcoins until his target value is reached.  

I am a little confused by some of your words. You have talked about Forex trading for short-term profit. But as far as I know, Forex trading is not that easy. If a newbie does Forex trading, he will definitely face losses. I think there is no way to make short-term profit in the crypto world. If someone makes short-term profit, then he is lucky. If we invest in Bitcoin for the long term, then we will definitely make profit.

Also, investing in Bitcoin does not require much knowledge. Therefore, one should not waste time in gaining knowledge. It is possible to gain knowledge while continuing to invest. Investment in the DCA method can be done at any time. Since the price of Bitcoin decreases and increases over time, investing in the DCA method is the easiest method. The DCA method is a method of continuous investment without paying attention to the price. Therefore, we should plan long-term investment without thinking about short-term profit.

[Skydrill]

I agree with you that it is more important to have good financial management than having a lot of money to invest in Bitcoin. There are many people whose income source is not very large, but because of their good financial management and long-term investment attitude, they can easily succeed in investing. The key to long-term investment is to invest wisely with discretionary money and gain knowledge about investment.

Truly, it's more important that you have a very good money management skills above anything else while investing in Bitcoin, but I want to ask, is their anything that stops and individual to have more money and still be good at managing his money? No.
So on that note, I prefer having both of them because having a lot of funds helps you build a larger stash of Bitcoin faster than someone having a smaller discretionary funds.

I know that their are some folks that earns little, but they still manage to figure out their discretionary income from it, and still invest even in that difficult state, but it's adviceable for such fellow to look for ways he can earn more money, so that his discretionary income will be a lot bigger, because the bigger the discretionary income the faster you get to that over accumulation status.

investment itself is also a part and parcel of good financial management and so investing in Bitcoin isn't an absurdity but rather a means of attracting more profits or dividends thereby preserving your capital whilst at it, what I expected to hear from you is the fact that having more money could be an added advantage for an investor who intends to look elsewhere for investment opportunities outside Bitcoin which could also yield good profits too as well as giving him or her more financial freedom.

[9ja Amaka]

Having multiple sources of income is good to make available more discretionary income that we can use to invest into Bitcoin. However even the funds from the multiple sources aren't managed properly by being as aggressive as possible without overdoing it and building out our emergency fund and other variances of backup funds in the process of accumulating Bitcoin, our portfolio still has the rights of being tempered regardless of our multiple sources of income.

The purpose of having multiple sources of income is so that you can enough income streams by the end or before the month. For someone not to manage enough income stream, it is possible that no matter the amount he has in life he wont be able to managed them properly. Most investors find themselves in a position where other investors wish to have.

[ruykeri]

Overall, I completely agree with your assumption, because having multiple sources of income will certainly ensure our Bitcoin investment remains untouched or unaffected. However, I believe that in addition to having multiple sources of income, we should also cut back on non-essential expenses. I believe this is also crucial. It's essentially the same if we have multiple sources of income but are wasteful with our lifestyle. Therefore, it's better to combine multiple sources of income with a simple lifestyle. And that way, I'm sure our Bitcoin investment will run more smoothly.

There is no doubt that a multiple source of income may really be of help in increasing our discretionary income however our expenses is what determine our discretionary income. If we can be able to cut down our expenses then our discretionary income will increase however if the reverse is the case then our discretionary income will reduce. So even if our cash flow increase as a result of multiple source of income without us reducing or cutting down on our expenses our discretionary income will not increase but rather there will be a great reduction. So working on our expenses and making such that we cut down on all unnecessary spending is really crucial in increasing our discretionary income.A good cash management and not just having a multiple source of income is what that is going to increase our discretionary income.

[Edited out]
You’re absolutely right, having multiple streams of income would definitely help to have more available discretionary income, .

Indeed having multiple streams of income can give room for more discretionary income. However realistically speaking,  more money usually comes with more responsibility. Sometimes that very moment extra cash starts flowing in, new expenses like family needs, lifestyle changes, begins to arise. That is why some persons  may earn more but still don’t have much left to invest, while others stay disciplined and put a good part aside. At the end of the day, the real key is not just how many streams of income you have or how much you make but rather how well you manage it

It is true that when income increases, expenses also increase because when income is high, new demands are created. When income is high, many people are seen moving towards living a luxurious life. However, I personally think that if someone has discretionary income, desire, confidence and patience, then he can invest in Bitcoin. First, he will fulfill all his family and his own needs with his income, then if he has extra money left at the end of the month, then he can invest with that money. Now you said that even if income increases, expenses often increase, it is true, but every person wants to keep some assets for his future security. That is why, according to reality, everyone leaves some part of his income for the future at the end of the day. If you have discretionary income after meets all your family needs, then you should follow DCA and invest in Bitcoin with that money. Definitely with the mentality of long-term investment. Investing in Bitcoin does not require much discretionary income. If a person invests $10 every week regularly, then after 10 years he will have invested $5,200, as a result of which he will not be very rich, but he will be in a very good position in terms of profit. If we calculate the DCA of the weekly $10 investment for the past 4 years, we can see that Total Investment $2,090.00 Total BTC 0.054606 Current Value (USD) $6,268.19 Current Return 199.90%. Which is much more profitable than any other investment. So if someone has discretionary income, desire, patience and the mindset to invest for a long time, then he will definitely be in a very good position in the future.

[Cgrexp]

Overall, I completely agree with your assumption, because having multiple sources of income will certainly ensure our Bitcoin investment remains untouched or unaffected. However, I believe that in addition to having multiple sources of income, we should also cut back on non-essential expenses. I believe this is also crucial. It's essentially the same if we have multiple sources of income but are wasteful with our lifestyle. Therefore, it's better to combine multiple sources of income with a simple lifestyle. And that way, I'm sure our Bitcoin investment will run more smoothly.

There is no doubt that a multiple source of income may really be of help in increasing our discretionary income however our expenses is what determine our discretionary income. If we can be able to cut down our expenses then our discretionary income will increase however if the reverse is the case then our discretionary income will reduce. So even if our cash flow increase as a result of multiple source of income without us reducing or cutting down on our expenses our discretionary income will not increase but rather there will be a great reduction. So working on our expenses and making such that we cut down on all unnecessary spending is really crucial in increasing our discretionary income.A good cash management and not just having a multiple source of income is what that is going to increase our discretionary income.

You’re absolutely right, having multiple streams of income would definitely help to have more available discretionary income, and working on our expenses would also really help increase our discretionary income, and having more cash flow available would also help our discretionary income grow more, sometimes we might want to reduce our weekly expenditure and monthly expenses depending on when we have our income available, I could use myself as a reference, when I started buying and accumulating bitcoin at a very low rate with a little discretionary income available I had to work on my cash flow and also trying to manage my expenses and trying to reduce some of my unnecessary expenses and also working on my mortgage because at that time I had some debt, so after clearing all that, I had to completely focus on increasing my discretionary income by stopping some unnecessary expenses and I must say that really helped me to increase my discretionary income and buy more bitcoin into my portfolio, I had to also increase my cash flow by generating more income which resulted to more discretionary income.

First of all, I will say that stable income is the basis of discretionary income. Stable income is a reliable and regular source of income. But if the income is unstable, then the income may be more in some months and less in others. That is, the income is irregular and unpredictable. In such a situation, if a person is struggling to generate his primary income, then there is no question of keeping or investing the remaining money. So I think stable income is the primary basis for building discretionary income. Finally, discretionary income is the money left over from our total income after meeting our necessary and essential needs. And we can spend that remaining money freely such as investment, savings, emergency funds, etc. Although discretionary income is completely at our discretion, when we use it for investment, it should be used responsibly. And its planned and conscious use plays an important role in investment. When we have extra money that can be used without the need for spending, we can effectively start building investment goals, future security, wealth growth and additional income sources in our lives.  
The more discretionary income we have, the more investment capacity, risk capacity, and ability to grow wealth over time will be created. And if discretionary income is very limited or not at all, then it will be difficult to enter the investment. Discretionary income is not just the remaining part outside of expenses, it is the basis for building our financial future. Therefore, having discretionary income is important for a healthy and long-term investment plan. From discretionary income, we can regularly invest a certain amount of money in small amounts at a certain time in the DCA method. Someone can invest here even with $10. Discretionary income is not only for investment but also a means of creating savings and emergency funds. It is important to have savings and emergency funds as a tool not only for fulfilling future dreams from discretionary income, but also to maintain current financial security and investment discipline. If a person has discretionary income of $60 per month, then $30 can be invested, $15 in savings, and $15 in emergency funds (you can form the ratio according to individual needs). However, security should also be ensured along with investment.  
Discretionary income creates the potential for a person's financial progress, but if it is not managed properly, negligence, disregard, and overconfidence often become the cause of financial risk. Many people invest the entire portion of their discretionary income without creating any emergency fund. In this case, when a sudden danger comes, they are forced to break the investment. Many people think of discretionary income as extra money and spend unnecessarily. Many others are complacent by keeping some money in emergency fund, but when the income suddenly stops, the excess spending and investment turn into losses. Such behaviors are examples of misuse of discretionary income. Therefore, proper prioritization and management of emergency fund, reserves funds, investments, and holdings are important so that there is no sudden income shortfall or unexpected expenses. Sudden temporary closure of a long-standing source of income, loss of a car or house, depletion of reserve fund due to the fall in the price of BTC - all of these can create a crisis in cash flow. Therefore, it is important to have a plan regarding the priority of discretionary expenses, emergency fund, and reserve fund.  Although discretionary income is an opportunity, its unplanned and uncontrolled use causes harm. Therefore, to get the maximum benefit from it, I first need to have discipline, self-control and a specific plan in my planning. If I can calculate how much of my discretionary income I will invest, how much I will save and how much I will keep in emergency funds, and allocate it according to the plan, then I will be safe in all aspects and be mentally at peace.
The two aspects of increasing discretionary income are increasing income and reducing expenses. In this case, if we want, we can create additional sources of income, which will increase our income. Again, we can reduce unnecessary expenses. Whether the discretionary income is low or high, if we can plan and control it properly, it creates a strong financial foundation for our future.

[Silikiem]

If the investor fears that his investment may be irregular, then the investor can form an emergency fund if he wants.

As a long term bitcoin investor, the importance of the Emergence funds can not be over emphasized because it’s very essential as it plays a very important role towards helping you achieve your aim to reach your long term goal of consistent accumulation of bitcoin and hold without panicking to sell. At such, creating an emergency funds for your bitcoin investment is not a matter of weather an investor wants it or not, it’s a thing of top most priority for every long term investor to have, even though it’s not mandatory you must have the emergency funds before you can get started in accumulating bitcoin, you must make sure to create an emergency funds alongside while accumulating bitcoin, if not you’ll tend to selling off your bitcoin holdings when in an emergency situation that requires money to solve and at end it will end up jeopardizing your bitcoin investment totally.
So, it’s not just a matter of weather an investor wants the Emergency funds or not, I seriously think is a matter of must have.

If an investor creates an emergency fund, if they do not have enough money to invest in any given month, they can use the money from that emergency fund but still continue to invest in Bitcoin.

I disagree on this statement because it’s not a good idea to use the Emergency funds to invest in bitcoin simply because you ran out of cash to use and accumulate bitcoin. What you only need to invest in bitcoin is your discretionary income and not your Emergency funds. The emergency funds is a fund kept separately for real life threatening financial problems and at such it should meant to be used for the purpose which it stands for and the main reason of the emergency funds is to enable you easily access cash during when in an emergency situation and this emergencies happens unexpectedly. Now, using this money meant for an unexpected event or situation to invest in bitcoin which is highly volatile, there’s every probability of risking your money to some extent of loss and when the time comes when you need the money for an Emergency it won’t be there anymore and even if it’s there you might be forced to withdraw at a huge loss so early there by affecting your long term goal of investment.

[Merit.s]

If the investor fears that his investment may be irregular, then the investor can form an emergency fund if he wants. 
If an investor creates an emergency fund, if they do not have enough money to invest in any given month, they can use the money from that emergency fund but still continue to invest in Bitcoin.

An emergency funds is compulsory for a long-term bitcoin investor to succeed in his bitcoin investment because it will save you from selling your bitcoin prematurely when you are hit with real life emergency. If you don't have an emergency funds, it means that you are gambling and not investing because you didn't provide a means of backup for your bitcoin investment.

When you are hit with real life emergency and you don't have an emergency funds, you will sell your bitcoin at loss if bitcoin price is below your entry point. Selling part of your bitcoin investment isn't a good way to pile up your bitcoin for proper growth overtime. This is why as a new bitcoin investor, you should start your bitcoin investment the moment you have your discretionary income.

If you don't have any emergency funds available when you are about to start investing, you should share your discretionary income to two parts and use one part to for your weekly DCA and the other part for building up your emergency funds simultaneously with your bitcoin investment until your emergency funds is at least three months of your expenses.

If you don't have your discretionary income to invest in bitcoin and you are not sure of when it will be available, it's better that you don't use your emergency funds to invest in bitcoin but hodli to your bitcoin and buy whenever your discretionary income is available.

[virasog]

I agree with you that it is more important to have good financial management than having a lot of money to invest in Bitcoin. There are many people whose income source is not very large, but because of their good financial management and long-term investment attitude, they can easily succeed in investing. The key to long-term investment is to invest wisely with discretionary money and gain knowledge about investment.

Truly, it's more important that you have a very good money management skills above anything else while investing in Bitcoin, but I want to ask, is their anything that stops and individual to have more money and still be good at managing his money? No.
So on that note, I prefer having both of them because having a lot of funds helps you build a larger stash of Bitcoin faster than someone having a smaller discretionary funds.

I know that their are some folks that earns little, but they still manage to figure out their discretionary income from it, and still invest even in that difficult state, but it's adviceable for such fellow to look for ways he can earn more money, so that his discretionary income will be a lot bigger, because the bigger the discretionary income the faster you get to that over accumulation status.

investment itself is also a part and parcel of good financial management and so investing in Bitcoin isn't an absurdity but rather a means of attracting more profits or dividends thereby preserving your capital whilst at it, what I expected to hear from you is the fact that having more money could be an added advantage for an investor who intends to look elsewhere for investment opportunities outside Bitcoin which could also yield good profits too as well as giving him or her more financial freedom.

When you are investing in bitcoins then you should have a firm believe that you will hold it for long term and do not fall for the short term changing perceptions and events.

I am talking this in relation to the event that is the fed meeting coming on 17th of this month and many people are thinking that it will other event that may trigger a bull market and or we are will be very close to that. Others are thinking and are of the point of view that we may get a big dumb after this event but still the markets will recover. I know the traders will adjust to the situation but for the investors in Bitcoin they need to be strong not to sell anything and just stay away and see the day goes by.

[Fuso.hp]

In summary it is very important to always maximize taking preferences on how our money is to be spent based on things that are much more of great importance and value to us first before considering other things, that is to say some one who does not place much value on what Bitcoin stand for might not look at Bitcoin investment the same way compared to others who values Bitcoin more things that can of value to people may varies from one person to another, this is very true and that is why some people can be earning more but still don't have much left over to invest in Bitcoin compared to others that are earning lesser.

It is natural to give a lot of importance to Bitcoin, as it is such a valuable digital currency. Those who do not give importance to Bitcoin either have little idea about Bitcoin or they cannot trust crypto coins very much. I know what Bitcoin is or those who are involved in investment know how important Bitcoin is to them, but if a person who has no idea about Bitcoin is given multiple Bitcoins, he will still not understand the proper use of that Bitcoin.

I am talking about myself, where I have kept the amount of Bitcoin I have at the moment very carefully and I am constantly adding more Bitcoins to my total Bitcoin step by step. I am so serious about my Bitcoin and my investment that even though I manage other things with difficulty, I never irregularly invest in it.
I understand the importance of investing in Bitcoin, that is why I am so serious about Bitcoin investment. 

People like me who understand Bitcoin and investing well will also be serious about investing and will give Bitcoin the utmost importance.

[Joeboy]

Perhaps you should have added financial freedom in the future because Bitcoin is not a get rich quick scheme and so if you limit it to this your view and point, it can make a lot of people especially newbie to believe they can actually get rich in Bitcoin in a short period of time which very wrong because we can not actually make or get a financial freedom in Bitcoin in a short while but rather we can get that in a long term investment and not just in a long term but with a condition that we carried it out properly and following the sequence and principles that it should be done.

It's important to go some prior research before jumping into Bitcoin. It's very simple, if you want short term profit then their are other options available like forex and stock. One can try his luck in these sectors for quick gain. The core idea of Bitcoin investment is to "invest and forget" for at least 4 years and it will be best if you can forget it for 10 years. There will be time when you will be tempted to sell your Bitcoins because you are getting good return but one has to stick with his investment plan and hold Bitcoins until his target value is reached.  

Investment in the DCA method can be done at any time. Since the price of Bitcoin decreases and increases over time, investing in the DCA method is the easiest method. The DCA method is a method of continuous investment without paying attention to the price. Therefore, we should plan long-term investment without thinking about short-term profit.

Your statement that I bolded out ended up contradicting everything you said, see ehn the DCA strategy becomes useless if it is done “any time”. What really makes it work is doing it consistently over time.  When you DCA consistently, every dip and pumps eventually blends into your overall average cost, and that’s where the true advantage of DCA lies. But if it is treated as something you can just do “any time,” then it loses its meaning, because without consistency, it will be quite difficult to see the long term benefit that DCA promisess.

And if discretionary income is very limited or not at all, then it will be difficult to enter the investment.

This very mentality has really limited so many persons from investing in Bitcoin because they have limited discretionary income, but the truth is that you don’t need to start big to get involved. Bitcoin was never about who had the biggest discretionary funds, see ehn a 5% done consistently over time will definitely build into something tangible and meaningful overtime, it's all about patience and consistency. What matters is that you begin, no matter how small you start, instead of waiting for that "perfect time"  or "large amount." Many people who are now in huge profit today started with very little amount,  but they kept going, and that’s what made the difference...

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Different uncertain circumstances can hinder one from having numerous source of income but if one is in a better situation whereby they're fit or healthy enough to have numerous source of income then the better for such folks cause more source of income means more discretionary for investment and more funds to take care of other expenses too and more discretionary means a higher rate of accumulation to yield more profits, that's why when an investor has held for so many years, many about a decade or so it would be wise for the person to take some profits and create another source of income, maybe a business that would generate more income and discretionary to accumulate more Bitcoin and add value to their portfolio.

Earning money from multiple places is great idea if you are healthy enough to do so. More income means more money for you to invest and cover your expenses. This helps you build your wealth faster. If investor has held asset for a very long time like ten years it can be smart choice to sell portion of it. They can then use that money to start new business. This new business can become another source of income providing even more funds to invest and grow their portfolio.

Yeah you are very correct however if you have hold your Bitcoin for ten years and you are now ready to start selling them in other to start up another business it is good you sell only 5 to 10% each time the price of Bitcoin doubles so any business you want to go into should be in the range of the profit you will get when you sell 5 to 10% each time the price doubles now the reason why you should maintain this rate is because you are not sure of how the business you are going into will turn out so you need to make sure your Bitcoin investment is still very much intact for you.
Some people make the mistake of selling all there Bitcoin just because they want to start a new business or investment with the money and after selling it and the start there new business or investment some time later it crashes and they lose it and also lose their bitcoin investment so keep your Bitcoin investment going while trying out other business or investment.

Selling of 5-10% of Bitcoin should be done when someone has gotten to their overaccumulation stage and the fact that someone hold for 10 years doesn't mean they will get to this stage because of factors like unstable and unsteady source of income which will result to a poor discretionary income and emergency funds sometimes, and so it is very possible to hold till this... And still not be in overaccumulation stage.

Everything is mindset and planning, if someone doesn't plan, it mean they are already planning to fail, starting up a new business is not a wrong or bad thing but it should be done properly and I believe it is not all business that is worth selling our Bitcoin to start.