Buy the DIP, and HODL!

[Byebyebtc]

Therefore, I believe delaying investing in Bitcoin until we have discretionary funds is a bad idea. Time is ticking and can't be undone. Rather than training our mentality first, it's better to just start investing. I emphasize again that this mentality will naturally develop once we start investing, and a naturally formed mentality is better. Because, the real test lies in real-world situations.

Yes you're right it is not advisable to use any money for food expenses or any type of expenses for investment it is a very wrong decision but that doesn't make it gambling it still sacrifice but in a wrong way

But when it comes to medical situations it is a very dumb decision to use your medical money for investment, as long as you know very well that investment take years before harvest,
I don't think anyone would be so unwise enough to use his or her medical money for investment or even trading .that's means you value money over your health and well being which is not wise.
even if it's a short term investment is still a bad decision no matter what everybody has to prioritize their health and well-being over any other thing
Always remember health is wealth without health and with wealth you will never enjoy the wealth
 apart from the aspect of health people go as far as using their tuition fees for investments all these decisions are not wise, its just making things unbalanced
when telling people about investment we should also tell them the type of money the should be used for their investment.
We are trying to make things easy for people not harder

[IceLincoln]

Look you need a chunk of side money. Actually 2 chunks of side money

1 for the dip and the other for dca.

Using mining to dca
and I have a chunk of side money for dip buys.


Lastly I have cash for expenses.


And it is a multi year plan. Not 1 year or 2 years a lot more years 2030 is my sell year..

I don’t really think we need a lot of chunk money to start investing into Bitcoin, but if we have a little discretionary income we can start buying and accumulating Bitcoin, but the most important thing is just getting started with Bitcoin immediately, then after starting our investment, we can start working on increasing our cashflow with the mindset of having more discretionary income to be buying more Bitcoin assets.

We must not necessarily have that mindset of buying the dip, but I wouldn’t say it’s bad to save money to buy the dip when the opportunity presents itself, especially when we are buying  regularly with DCA, but waiting for dip to buy Bitcoin when we can afford to buy now would be a very risky move, and have every tendency of missed opportunities, all we need is discretionary money to achieve our goals of buying Bitcoin and hodl for a longer term.

Yes, Alonso we don’t need a lot of money to start buying or accumulating bitcoin, so long as you have discretionary  money available and you’re willing you can start buying but to really benefit from bitcoin in the long run depends on the quantity of bitcoin you were able to buy and how much amount invested. If because you can start with any amount of discretionary money an individual decides to start with as low as $10 monthly he wouldn’t be able to accumulate much using this amount and if he eventually increases to $20. Let’s say $10 x 6 months he invested $60 and for the next 6 months he invested 20 x 6 =$120 .. the year gets him $180 (120+60). You can agree with me that the profits that’ll be realised from this amount even in the long term will almost be inconsequential to the time invested.

When we talk about side chunk like he used or side income, this is to enable you have more financial buoyancy to have enough discretionary money that can be used to buy and accumulate bitcoin.
You can start small but don’t remain small, try to be as aggressive as you can be once you’ve started your accumulation journey. Create opportunities for more discretionary cut down on some expenses if you have to.
Consistency is important Yes but how well are you doing it.

[ejikeme24]

THEREFORE, I BELIEVE DELAYING INVESTING IN BITCOIN UNTIL WE HAVE DISCRETIONARY FUNDS IS A BAD IDEA. Time is ticking and can't be undone. Rather than training our mentality first, it's better to just start investing. I emphasize again that this mentality will naturally develop once we start investing, and a naturally formed mentality is better. Because, the real test lies in real-world situations.

You seems to be missing the whole concept, remember we are advised to only Invest from our discretionary income and not from the money you're supposed to use for expenses. Investing from the money you're supposed to use in sorting out your expenses is a wrong approach, and this method will make you to become a trader at some point. Because I believe that some day you will be tempted to sell your holdings for short term investment since  you decided to use the money that  you're supposed to use in sorting out your bills to invest into bitcoin. We know that time is ticking but that doesn't mean that we should start rushing into bitcoin investment when we're yet to build our discretionary income no, you need to make a proper planning bitcoin investment is not a short term investment that is why we need to plan so that to enable us continue making the HODLin until we complete the circle.

[macson]

You seems to be missing the whole concept, remember we are advised to only Invest from our discretionary income and not from the money you're supposed to use for expenses. Investing from the money you're supposed to use in sorting out your expenses is a wrong approach, and this method will make you to become a trader at some point. Because I believe that some day you will be tempted to sell your holdings for short term investment since  you decided to use the money that  you're supposed to use in sorting out your bills to invest into bitcoin. We know that time is ticking but that doesn't mean that we should start rushing into bitcoin investment when we're yet to build our discretionary income no, you need to make a proper planning bitcoin investment is not a short term investment that is why we need to plan so that to enable us continue making the HODLin until we complete the circle.

Investing using discretionary income is crucial, as it's difficult for someone to invest with an income that's already barely enough to cover their living expenses. While time is ticking and Bitcoin's value is increasing, individuals should prioritize their own living needs before considering investing. If they force themselves to invest without first considering their personal needs, they run the risk of selling their assets when they need the money, potentially selling their assets at the wrong time.

So it's best to prepare your finances well first. Think about discretionary income, emergency funds, and savings, then consider investing. It doesn't need to be much, just $10 or $20 should be fine. The important thing is consistency and that the money won't interfere with daily living expenses or other important financial plans.

[Showlove01]

Therefore, I believe delaying investing in Bitcoin until we have discretionary funds is a bad idea. Time is ticking and can't be undone. Rather than training our mentality first, it's better to just start investing. I emphasize again that this mentality will naturally develop once we start investing, and a naturally formed mentality is better. Because, the real test lies in real-world situations.

I don't understand the kind of advice that you are dishing out to newbies that they shouldn't wait to have their discretionary income before they jumo into investing in bitcoin. It's a wrong advice because you are only to invest with your discretionary income to enable you hodli for a very long period of time.

If you go and invest with the money for your basic needs and monthly expenses, you are not investing but gambling and wasting your time because you will end up selling the bitcoin that you bought when your needs arises which is against your decision to only be buying and accumulating. There is no need rushing to invest when you don't have a discretionary income. Instead, you should look for a means to get a discretionary income and invest.

What you need is to have the confidence in bitcoin and have a long-term investment mindset in bitcoin by setting up a bitcoin traget which you want to accumulate. If you don't have Thebes confidence to invest in bitcoin, you can start with as low as $10 for your weekly DCA and as you invest and learn more about bitcoin overtime , you will understand how the market works based on your experience. If your confident have increased, you can increase your DCA amount and invest aggressively.

Yes what you said is true although there are still more to it
Firstly as long as you have the mindset that bitcoin is a long-term investment even if your not working and you have some money with you that your willing to give, of course it's an opportunity waiting for you !
you don't have to invest much to be part of it, you can start little even from $10, and you keep on progressing, getting more knowledge getting more understanding about the coin
, even as your investment progress in amount too
Bitcoin is for everybody it doesn't matter if you reach or not, as long as you are willing to be part of it, all you have to do is to make a decision to be willing to give out what you have for a long-term investment, just like a savings account where you keep your money but this in this it grows overtime, and you wilk realize a lot.

 so you don't have to be working before you invest in it but it, Although its advisable to be working before you start an investment but either way will still do

This is for any newbie out there that wants to start

Let me ask you this question...How can you maintain consistency in your Bitcoin Accumulation journey if you are not working( a source of income)? Or don't you know that it is the steady flow of income that ensures your continuous stacking without breaking your savings..... Bitcoin investment is not a one time thing, it requires consistency this is because consistency is what guarantees a strong Bitcoin portfolio overtime  and this consistency mostly comes from having a reliable source of income. Honestly without a reliable source of income you may buy once or maybe twice and then stop, or at worse you might even be forced to sell early when you run into any kind of financial crisis.....

You are absolutely correct, it is not impossible for someone to invest in Bitcoin without a source of income I mean what they fuck are they using to accumulate if they don't have source of income. Secondly, dude I think it is not compulsory that  someone must have a steady source of income before they can invest in Bitcoin rather any source of income that one can figure out a discretionary income from and also an emergency funds it is more than enough to use in Bitcoin investment and so it must not be steady source of income though steady source of income will enhance an investor accumulation rate or speed if they are diligent in... and consistent in their accumulation.

[JayJuanGee]

Look you need a chunk of side money. Actually 2 chunks of side money
1 for the dip and the other for dca.

Using mining to dca
and I have a chunk of side money for dip buys.
Lastly I have cash for expenses.

And it is a multi year plan. Not 1 year or 2 years a lot more years 2030 is my sell year..

Hm?  You have a new plan that you will actually carry out rather than just say it?  

From my recollection of your postings in the past cycle or even longer, you seem to be selling every year, but now you are saying that you have changed your plan and you are planning not to sell.. so five years from now.. ?  Sure, that might work?  Perhaps?  - and surely we have to go by your age - which you would be saying that you would be starting to sell in around 73 years old?

Buy the DIP, and HODL!
just obey the title of the thread.

You don't seem to understand what has been discussed in this thread... including that buying the dip is likely an inferior practice especially for newbies.

That is why we speak about all three buying practices in this thread.. and buy the dip is just one of them.  Try to oversimplify, and you get it wrong.. especially if you are trying to give advice to someone else, who might be better off to be buying all of the time rather than employing waiting strategies.

[Futurexxx]

You are absolutely correct, it is not impossible for someone to invest in Bitcoin without a source of income I mean what they fuck are they using to accumulate if they don't have source of income.

Having a source of income and having a discretionary income are two different things you need to take not off, they are not the same, what is needed to invest in Bitcoin is a discretionary income not a source of income, because their are so many folks that have a source of income but still can't figure out their discretionary income, so if you have a source of income their no guarantee that such person will invest in Bitcoin and be successful if he can't sorts out his discretionary income from there.
Having a source of income is very important in taking care of yourself and your basic needs, but if you can't figure out your discretionary income and you went ahead and invest, you are just gambling, and the end product of such actions wouldn't be pleasing because selling it prematurely will be inevitable.

[Pandorak]

Buy the DIP, and HODL!
just obey the title of the thread.

You don't seem to understand what has been discussed in this thread... including that buying the dip is likely an inferior practice especially for newbies.

That is why we speak about all three buying practices in this thread.. and buy the dip is just one of them.  Try to oversimplify, and you get it wrong.. especially if you are trying to give advice to someone else, who might be better off to be buying all of the time rather than employing waiting strategies.

I think the biggest problem with the strategy of buying when prices fall is that we never know where the lowest point will be, sometimes people think that prices are already very cheap, but then they fall even further. As a result, many investors end up panicking. Therefore, the Dollar Cost Averaging (DCA) method is much safer and wiser than trying to wait for prices to fall to buy, with DCA, we don't need to wait for prices to fall, we just need to be disciplined in buying periodically with discretionary funds, regardless of whether Bitcoin prices are high or low, our focus is on the long term. This strategy also trains our minds to get used to volatility without getting too emotional.

Similar to saving gold, when we try to buy gold only when the price is low, doubts often arise, fear of missing the right moment, and ultimately not buying at all because the price has already risen, or buying but the price continues to fall, leading to regret. But if we consistently buy every week/month, we will unknowingly accumulate more, and the average purchase price will also become more stable. The same applies to Bitcoin, the most important thing is consistency, not trying to find the perfect timing.

[Silikiem]

You don't seem to understand what has been discussed in this thread... including that buying the dip is likely an inferior practice especially for newbies.

That is why we speak about all three buying practices in this thread.. and buy the dip is just one of them.  Try to oversimplify, and you get it wrong.. especially if you are trying to give advice to someone else, who might be better off to be buying all of the time rather than employing waiting strategies.

You’re right sir, and I agree with you and backing it up by saying if as a long term bitcoin investor should go with the title of the thread alone (buy the dip and hodl) it will hinder one from making some significant growth in his or her bitcoin accumulation and investment in the sense that you’ll be waiting to buy only when its dip which might not come and by that time of your waiting, you might have missed out on several accumulation and investment opportunities which will gradually go a long way to improve your bitcoin portfolio. Instead of waiting to accumulate only the dip, many in this thread have chosen to be able to figure out a discretionary income to consistently or perhaps persistently accumulate bitcoin and hold for the long term goal using the DCA method of accumulation and gradually build up their portfolio, and if along the line they meet the dip while accumulating bitcoin, it will only be an added advantage for them to add more bitcoin stash to their portfolio at a more reduced price. Waiting to accumulate only the dips is capable of turning one into a trader who’s only in for a quick profit making mindset which is a wrong investment strategy, and they always panic to sell when the market isn’t going their way anymore and they will sell at a loss at that time. So, this is why it’s always been emphasized here in the thread that the best way to go about it is to employ the DCA strategy and gradually improve your portfolio because even with the DCA strategy you’ll surely at a point still meet the dip and you’ll always add more .

[ZeroVinsonN]

You are absolutely correct, it is not impossible for someone to invest in Bitcoin without a source of income I mean what they fuck are they using to accumulate if they don't have source of income.

Having a source of income and having a discretionary income are two different things you need to take not off, they are not the same, what is needed to invest in Bitcoin is a discretionary income not a source of income, because their are so many folks that have a source of income but still can't figure out their discretionary income, so if you have a source of income their no guarantee that such person will invest in Bitcoin and be successful if he can't sorts out his discretionary income from there.
Having a source of income is very important in taking care of yourself and your basic needs, but if you can't figure out your discretionary income and you went ahead and invest, you are just gambling, and the end product of such actions wouldn't be pleasing because selling it prematurely will be inevitable.

You need money to be able to invest, a source of income breeds discretionary income, so while a source of income does play a crucial role in generating discretionary income, you don't need a steady source of income, the periodicity and regularity of your income doesn't have to be steady, it just has to be enough for you to be able to get a discretionary income from it after taking care of yourself and your essentials.
So you need discretionary income to invest and you need a means to renew you discretionary income if you want your investment to be consistent but not a steady source of income.

[abaeze]

You are absolutely correct, it is not impossible for someone to invest in Bitcoin without a source of income I mean what they fuck are they using to accumulate if they don't have source of income.

Having a source of income and having a discretionary income are two different things you need to take not off, they are not the same, what is needed to invest in Bitcoin is a discretionary income not a source of income, because their are so many folks that have a source of income but still can't figure out their discretionary income, so if you have a source of income their no guarantee that such person will invest in Bitcoin and be successful if he can't sorts out his discretionary income from there.
Having a source of income is very important in taking care of yourself and your basic needs, but if you can't figure out your discretionary income and you went ahead and invest, you are just gambling, and the end product of such actions wouldn't be pleasing because selling it prematurely will be inevitable.

You need money to be able to invest, a source of income breeds discretionary income, so while a source of income does play a crucial role in generating discretionary income, you don't need a steady source of income, the periodicity and regularity of your income doesn't have to be steady, it just has to be enough for you to be able to get a discretionary income from it after taking care of yourself and your essentials.
So you need discretionary income to invest and you need a means to renew you discretionary income if you want your investment to be consistent but not a steady source of income.

If you have a steady income, it is easier to invest in a more organized and regular manner, because then a certain part of your income can be set aside every month and held for a long time through DCA. But even if you do not have a steady income, if you want to invest in Bitcoin, you can invest as you see fit. For example: A seasonal businessman may not have income for 2-3 months of the year, but he makes good money during the season.
From there, you can easily invest with the remaining money, excluding personal and family expenses, even though he does not earn a regular income and this is discretionary income.

I think that monthly salary or steady income is not necessary for investment, but long-term investment is the most important because it reduces market risk a lot, the profit is not only on the principal amount, but also on the previous profit. It reduces mental stress and helps in achieving financial independence. So first meet the necessary expenses of yourself/your family, then make long-term investment with what you save. And this is the right decision for investment.

[Rockson1]

Having a source of income and having a discretionary income are two different things you need to take not off, they are not the same, what is needed to invest in Bitcoin is a discretionary income not a source of income, because their are so many folks that have a source of income but still can't figure out their discretionary income, so if you have a source of income their no guarantee that such person will invest in Bitcoin and be successful if he can't sorts out his discretionary income from there.
Having a source of income is very important in taking care of yourself and your basic needs, but if you can't figure out your discretionary income and you went ahead and invest, you are just gambling, and the end product of such actions wouldn't be pleasing because selling it prematurely will be inevitable.

I got your point, because some people can have this source of income but won't still be able to figure their discretionary income out from their income.
So if I understand you very well, I think what matters is individual commitments to the course or interest to invest, not just the source of income alone, if thats what you meant then you're right.
I think it should now be an established fact that what guarantees your investment in bitcoin is not the amount you earn, it is being able to know your discretionary income from the money that comes into your pocket no matter how small it is then from their your can run your bitcoin investment without derailing from your investment plan, abiding to this, will make you not to think of abandoning your investment halfway since you started with a strategic approach.

[AYOBA]

Having a source of income is very important in taking care of yourself and your basic needs, but if you can't figure out your discretionary income and you went ahead and invest, you are just gambling, and the end product of such actions wouldn't be pleasing because selling it prematurely will be inevitable.

The first thing we must fight for before anything else is our source of income. Because income sources contribute to the success of careers. And for that reason, the sources of income and discretion are important, particularly when it comes to Bitcoin investing. It retains our investments for a long time because only those who have no other source of income will rely on their current investments, and these individuals do not stay for very long term investments.

One thing about investing in Bitcoin is that you won't realize the returns until you've been doing it for a long time. The issue with some investors is that not everyone has the mentality to stick with their investments for that long.  Because of this, the majority of investors occasionally lose their Bitcoin investments.

[Cossyblack]

THEREFORE, I BELIEVE DELAYING INVESTING IN BITCOIN UNTIL WE HAVE DISCRETIONARY FUNDS IS A BAD IDEA. Time is ticking and can't be undone. Rather than training our mentality first, it's better to just start investing. I emphasize again that this mentality will naturally develop once we start investing, and a naturally formed mentality is better. Because, the real test lies in real-world situations.

What do you mean by delaying or don't you know people inflow of discretional income aren't the same. If you think figuring out your Discretional income from your salary/Business income is time delaying,then It's obvious you have been investing in Bitcoin outside of your discretional income which is awful. You're not in any kind of competition,so therefore you don't have to consider waiting for a  discretional income to accumulate Bitcoin as time delaying. We have been taught several times on the thread to Buy Bitcoin whenever our discretional income is available but it's obvious you have been doing otherwise. Buying Bitcoin outside of your discretional income is Gambling and it is inappropriate for an investor to used funds meant for his basic needs to accumulate bitcoin.

[Derekfunds]

You are absolutely correct, it is not impossible for someone to invest in Bitcoin without a source of income I mean what they fuck are they using to accumulate if they don't have source of income.

Having a source of income and having a discretionary income are two different things you need to take not off, they are not the same, what is needed to invest in Bitcoin is a discretionary income not a source of income, because their are so many folks that have a source of income but still can't figure out their discretionary income, so if you have a source of income their no guarantee that such person will invest in Bitcoin and be successful if he can't sorts out his discretionary income from there.
Having a source of income is very important in taking care of yourself and your basic needs, but if you can't figure out your discretionary income and you went ahead and invest, you are just gambling, and the end product of such actions wouldn't be pleasing because selling it prematurely will be inevitable.

You need money to be able to invest, a source of income breeds discretionary income, so while a source of income does play a crucial role in generating discretionary income, you don't need a steady source of income, the periodicity and regularity of your income doesn't have to be steady, it just has to be enough for you to be able to get a discretionary income from it after taking care of yourself and your essentials.
So you need discretionary income to invest and you need a means to renew you discretionary income if you want your investment to be consistent but not a steady source of income.

You seems to be saying almost the same thing that have been said in the post you are replying because apparently no difference between what you guys are saying. And if you don't mind, I would like to know what you meant by renew one discretionary income? We don't renew discretionary income but will do get it after taking care of every expenses and then the money left is our discretionary and as an investor you should not allow your discretionary income to get finish before you start try to sort it out, it should be something that will be there always to enable our investment running.

[Lembo69]

What do you mean by delaying or don't you know people inflow of discretional income aren't the same. If you think figuring out your Discretional income from your salary/Business income is time delaying,then It's obvious you have been investing in Bitcoin outside of your discretional income which is awful. You're not in any kind of competition,

Investing in Bitcoin without a prudent income is very risky and can lead to serious losses in the investment. If someone does not have a prudent income, then the fluctuations in the market price create fear in his mind. As a result, many times he makes the wrong decision and sells the investment, often at a price lower than the purchase price.

Due to this anxiety and stress, the investment cannot be maintained in the long term. Therefore, investing from any source of money other than prudent income is clearly prohibited in various forums. Investing with money that creates anxiety is considered "gambling" in many cases.

The basic principle of investment is that you should invest only from that money that will not put any pressure on your lifestyle or peace of mind. That is why prudent income is very important and essential in long-term investment.

[liasbaa]

You are absolutely correct, it is not impossible for someone to invest in Bitcoin without a source of income I mean what they fuck are they using to accumulate if they don't have source of income.

Having a source of income and having a discretionary income are two different things you need to take not off, they are not the same, what is needed to invest in Bitcoin is a discretionary income not a source of income, because their are so many folks that have a source of income but still can't figure out their discretionary income, so if you have a source of income their no guarantee that such person will invest in Bitcoin and be successful if he can't sorts out his discretionary income from there.
Having a source of income is very important in taking care of yourself and your basic needs, but if you can't figure out your discretionary income and you went ahead and invest, you are just gambling, and the end product of such actions wouldn't be pleasing because selling it prematurely will be inevitable.

You need money to be able to invest, a source of income breeds discretionary income, so while a source of income does play a crucial role in generating discretionary income, you don't need a steady source of income, the periodicity and regularity of your income doesn't have to be steady, it just has to be enough for you to be able to get a discretionary income from it after taking care of yourself and your essentials.
So you need discretionary income to invest and you need a means to renew you discretionary income if you want your investment to be consistent but not a steady source of income.

Investing requires a steady flow of income. If you don't have a steady stream of income, where will you get your discretionary income from? When you are just starting out and learning about Bitcoin, you may not have a steady source of income. But to accumulate Bitcoin in future, you need to find a steady flow of discretionary income and deposit with it, otherwise you won't be able to stay invested for the long term.

[philipma1957]

Buy the DIP, and HODL!
just obey the title of the thread.

You don't seem to understand what has been discussed in this thread... including that buying the dip is likely an inferior practice especially for newbies.

That is why we speak about all three buying practices in this thread.. and buy the dip is just one of them.  Try to oversimplify, and you get it wrong.. especially if you are trying to give advice to someone else, who might be better off to be buying all of the time rather than employing waiting strategies.

I think the biggest problem with the strategy of buying when prices fall is that we never know where the lowest point will be, sometimes people think that prices are already very cheap, but then they fall even further. As a result, many investors end up panicking. Therefore, the Dollar Cost Averaging (DCA) method is much safer and wiser than trying to wait for prices to fall to buy, with DCA, we don't need to wait for prices to fall, we just need to be disciplined in buying periodically with discretionary funds, regardless of whether Bitcoin prices are high or low, our focus is on the long term. This strategy also trains our minds to get used to volatility without getting too emotional.

Similar to saving gold, when we try to buy gold only when the price is low, doubts often arise, fear of missing the right moment, and ultimately not buying at all because the price has already risen, or buying but the price continues to fall, leading to regret. But if we consistently buy every week/month, we will unknowingly accumulate more, and the average purchase price will also become more stable. The same applies to Bitcoin, the most important thing is consistency, not trying to find the perfect timing.

Wrong it does not matter that prices fall more all that matters is you have enough fiat set aside to buy on the way down.


If you do not have spare fiat you simply do not belong on this thread.
If you do not believe in BTC in the long run you simply do not belong on this thread.

I made a few buys this dip and will continue yo buy the dip.

Along with dca of my mining.

[Baki202]

You are absolutely correct, it is not impossible for someone to invest in Bitcoin without a source of income I mean what they fuck are they using to accumulate if they don't have source of income.

Having a source of income and having a discretionary income are two different things you need to take not off, they are not the same, what is needed to invest in Bitcoin is a discretionary income not a source of income, because their are so many folks that have a source of income but still can't figure out their discretionary income, so if you have a source of income their no guarantee that such person will invest in Bitcoin and be successful if he can't sorts out his discretionary income from there.
Having a source of income is very important in taking care of yourself and your basic needs, but if you can't figure out your discretionary income and you went ahead and invest, you are just gambling, and the end product of such actions wouldn't be pleasing because selling it prematurely will be inevitable.

You need money to be able to invest, a source of income breeds discretionary income, so while a source of income does play a crucial role in generating discretionary income, you don't need a steady source of income, the periodicity and regularity of your income doesn't have to be steady, it just has to be enough for you to be able to get a discretionary income from it after taking care of yourself and your essentials.
So you need discretionary income to invest and you need a means to renew you discretionary income if you want your investment to be consistent but not a steady source of income.

Investing requires a steady flow of income. If you don't have a steady stream of income, where will you get your discretionary income from? When you are just starting out and learning about Bitcoin, you may not have a steady source of income. But to accumulate Bitcoin in future, you need to find a steady flow of discretionary income and deposit with it, otherwise you won't be able to stay invested for the long term.

A steady income is very important because how do you hold when you don't have a source of income? Because of the source of income, it will be easy to even, except if there is already established capital, but another thing is that when you have capital, you still need money to keep up, and this is why from the source of income you have your emergency funds so that your needs don't interfere with your holdings because that is among the challenges that holders are always facing.

And these are little things that people need to understand. Because the investment is a long-term investment, it is not something that you will get fast money from, so you have to make plans. even before you invest, because the moment you invest, you have to wait till the price appreciates and then sell to make a profit. Without this strategy, you will not be able to enjoy your investment.

[Jostern]

THEREFORE, I BELIEVE DELAYING INVESTING IN BITCOIN UNTIL WE HAVE DISCRETIONARY FUNDS IS A BAD IDEA. Time is ticking and can't be undone. Rather than training our mentality first, it's better to just start investing. I emphasize again that this mentality will naturally develop once we start investing, and a naturally formed mentality is better. Because, the real test lies in real-world situations.

What do you mean by delaying or don't you know people inflow of discretional income aren't the same. If you think figuring out your Discretional income from your salary/Business income is time delaying,then It's obvious you have been investing in Bitcoin outside of your discretional income which is awful. You're not in any kind of competition,so therefore you don't have to consider waiting for a  discretional income to accumulate Bitcoin as time delaying. We have been taught several times on the thread to Buy Bitcoin whenever our discretional income is available but it's obvious you have been doing otherwise. Buying Bitcoin outside of your discretional income is Gambling and it is inappropriate for an investor to used funds meant for his basic needs to accumulate bitcoin.

Well I think you’re wrong quoting the initial quote @Cossyblack, When I have seen the initial quotes here from @Silikiem and that wasn’t said in the initial statement, judging by your time here in this platform I would suggest that as a mistake, and you completely misunderstood the initial statement which wasn’t really said by the author of this quote, you could try to check the initial statement from @Siliekiem before making the claim in your statement.