Buy the DIP, and HODL!

[Jostern]

The reason that discretionary income involves money that you can afford to lose because you make a choice.

Discretionary income can be spent on anything whether investment, consumption or savings, so you can choose to totally gamble it away, if you like.

You may well make a choice to invest into bitcoin with all of your discretionary income or you might choose some portion of that discretionary income to go into investing rather than buying cigarrettes..  and yeah, cigarrettes are equally valid if a person chooses to use his discretionary income to buy cigarrettes  and perhaps some other thriller, exciting and expensive habits that a person might have.

The person with the expensive habits might find that when he arrives 10 years down the road that he had not made any financial progress in life.  He thought that he was happy with his various expensive habits, yet maybe 10 years down the road he is in his 50s rather than his 40s, and he is finding that his income is going down or he is not able to earn as much money, and even though he had a lot of fun in his youth, he has nothing to show for it.

He made choices when he was in his 20s, 30s and 40s, and some people choose to focus on investing, others choose to focus on consuming  and perhaps some choose to focus on saving, yet if they kept their money in cash rather than assets (such as bitcoin), then they might find that their savings did not appreciate in value and instead it lost value... so we make choices, and there are consequences to our choices, and discretionary money means that we can choose to do whatever we like whether it is investment consumption or savings.

I would not say to do only one of them, yet we can figure out out to strike a balance since we likely need to bring ourselves some pleasures, yet if our budget is tight, we might have to choose to figure out how to prioritize investing, even if investing means that we won't be able to consume as much in the present.

None of us can tell anyone else whether to prioritize cigarettes over investing... and part of the idea of discretionary is that we can do what we like with it, which is a reason why some folks refer to discretionary income as disposable income... meaning we can throw it away if we like, and when we invest into bitcoin maybe we might think that we are throwing it away, and we are willing to wait 4-10 years or longer before we will start to cash in on the investment, and we are not guaranteed to be in profits, but we invest into something like bitcoin that we believe is more likely to be profitable than not.

You’re absolutely right, discretionary income is quite discrete which is why it’s something that we can easily afford to do whatever we feel like doing with our discretionary income, it’s quite our own responsibility to decide whatever we feel it’s comfortable for us to deal with it, an individual can always choose to gamble with it with playing whatever they feel like doing with their discretionary income and they can also choose to save the money somewhere in the bank that will not have any future interest unlike bitcoin that we would have opportunities for future interest, Some individuals save them as fiat money and also be thinking of having fun with their discretionary income, like buying expensive clothes and shoes and also buying cars and living an expensive lifestyle, or be clubbing with their discretionary income, but the truth is that Bitcoin doesn’t stop and individual from living their life or probably be enjoying their life as they feel like doing or doing whatever that makes them happy like going for basketball games or soccer games, but it’s important and necessary for an individual to consider his life choices and decision, because there will be a time where we would definitely have to think about the choices that we have made when we were younger and then when we get older what would have become our decision and choices that we made when we were young, so using our discretionary income with something reasonable like buying and investing into bitcoin which would be a good decision for a lifetime.

However we know there are people who can constantly have a discretionary income and have this basic expenses but we should consider not making a mistakes that will affect our lives in a long term, and also we can try to strike a balance with our lifestyle and our basic expenses because investing in bitcoin doesn’t stop us from having a good fun life, which is why we are investing in bitcoin with our discretionary income and we can possibly have control of this funds instead of the money to control our decisions, as an individual I can possibly consider buying bitcoin with my discretionary income instead of appreciating whichever possible lifestyle and might seems like we are throwing money away, then we can decide to invest with some of this discretionary income, because we might not possibly invest all our discretionary income, but if I decide to invest with all my discretionary income and I know it’s sustainable that is also quite good, then as an investor I can decide to invest in bitcoin for one or two circles depending on my lifetime goals and plans which will be a better decision of holding bitcoin for a long term, instead of throwing our discretionary income into something that would seems like we’re wasting our money on unnecessary spending and then we are making mistakes, well I must say right now that I’m in my accumulation journey I shouldn’t be having any time to appreciate lifestyle choices, instead I would prioritize buying more bitcoin and doing it more aggressively with caution.

[jems]

I agree, the truth is this makes me remember that on the Spanish board I said something like that and I didn't know that leaving some discretionary income to buy on the dip was a variant of the DCA method, because the DCA method consists of buying daily, weekly, monthly whatever the quota of money to accumulate, I thought that some other income to buy on the dip was another strategy or method and no, it turns out that it is the variant, but it is the safest way to do intelligent DCA work.

If you are buying regularly with the DCA accumulating strategy, their is no point disturbing yourself about the dip because you can equally buy the lowest part of the dip through the dca accumulating method, since you will get to buy at every price interval regardless of it price.
What Investors are advised to do is to always have a reserve funds in place so that when their is a dip in the market, you can use your reserve funds to buy and accumulate Bitcoin aggressively then, but if you have no reserve funds in place while accumulating Bitcoin through the dca accumulating strategy, their is no point doing more than yourself because the DCA accumulating strategy is quite ok, and your investment will be fine as long as you stay on track while accumulating Bitcoin weekly or monthly.

Using the DCA strategy is quite good and it is for future investments, but there is no harm in using spare money to buy more when the Bitcoin price drops, that is an addition we do to expand the portfolio more. Besides, the DCA strategy that we have planned from the beginning must still be implemented consistently, doing some other things to improve I think there is no harm.

[Publictalk792]

The reason that discretionary income involves money that you can afford to lose because you make a choice.

Snip

You clearly explained what discretionary income is money you can freely choose how to spend. This freedom makes people choose to invest buy things or save. However every choice has consequence: if you spend all your money on expensive habits now you might regret it later when you have no savings. We need to find balance between enjoying life now and investing for future. For example putting some money into Bitcoin is choice that might lead to growth unlike just saving cash which loses value over time. Ultimately these small choices control our financial future.

[Alonso_]

The reason that discretionary income involves money that you can afford to lose because you make a choice.

Snip

Discretionary income is very much affordable when we have a cashflow because it’s something that we can afford to loose and that is why we can possibly use it for our bitcoin investment, and it all takes our own decisions what we have to do with our discretionary income when we have it available, but it’s more wise and reasonable if we can afford to invest it into Bitcoin that would have a possibility of getting profit to us, instead of using our discretionary income for something that wouldn’t require be beneficial to us, and you don’t necessarily have to invest all your discretionary income, but instead you can invest some of it if you wish to, but the most important thing is getting started with your discretionary income, because every decision that we make to invest into bitcoin is worth taking.

So our decision concerning our discretionary income is very important and vital considering that we have to invest in bitcoin, should also be a thing of personal decision, I feel investing and accumulating bitcoin is a good choice instead of appreciating other lifestyle choices.

[De seer1]

The reason that discretionary income involves money that you can afford to lose because you make a choice.

Discretionary income can be spent on anything whether investment, consumption or savings, so you can choose to totally gamble it away, if you like.

You may well make a choice to invest into bitcoin with all of your discretionary income or you might choose some portion of that discretionary income to go into investing rather than buying cigarrettes..  and yeah, cigarrettes are equally valid if a person chooses to use his discretionary income to buy cigarrettes  and perhaps some other thriller, exciting and expensive habits that a person might have.

The person with the expensive habits might find that when he arrives 10 years down the road that he had not made any financial progress in life.  He thought that he was happy with his various expensive habits, yet maybe 10 years down the road he is in his 50s rather than his 40s, and he is finding that his income is going down or he is not able to earn as much money, and even though he had a lot of fun in his youth, he has nothing to show for it.

He made choices when he was in his 20s, 30s and 40s, and some people choose to focus on investing, others choose to focus on consuming  and perhaps some choose to focus on saving, yet if they kept their money in cash rather than assets (such as bitcoin), then they might find that their savings did not appreciate in value and instead it lost value... so we make choices, and there are consequences to our choices, and discretionary money means that we can choose to do whatever we like whether it is investment consumption or savings.

I would not say to do only one of them, yet we can figure out out to strike a balance since we likely need to bring ourselves some pleasures, yet if our budget is tight, we might have to choose to figure out how to prioritize investing, even if investing means that we won't be able to consume as much in the present.

None of us can tell anyone else whether to prioritize cigarettes over investing... and part of the idea of discretionary is that we can do what we like with it, which is a reason why some folks refer to discretionary income as disposable income... meaning we can throw it away if we like, and when we invest into bitcoin maybe we might think that we are throwing it away, and we are willing to wait 4-10 years or longer before we will start to cash in on the investment, and we are not guaranteed to be in profits, but we invest into something like bitcoin that we believe is more likely to be profitable than not.

You’re absolutely right, discretionary income is quite discrete which is why it’s something that we can easily afford to do whatever we feel like doing with our discretionary income, it’s quite our own responsibility to decide whatever we feel it’s comfortable for us to deal with it, an individual can always choose to gamble with it with playing whatever they feel like doing with their discretionary income and they can also choose to save the money somewhere in the bank that will not have any future interest unlike bitcoin that we would have opportunities for future interest, Some individuals save them as fiat money and also be thinking of having fun with their discretionary income, like buying expensive clothes and shoes and also buying cars and living an expensive lifestyle, or be clubbing with their discretionary income, but the truth is that Bitcoin doesn’t stop and individual from living their life or probably be enjoying their life as they feel like doing or doing whatever that makes them happy like going for basketball games or soccer games, but it’s important and necessary for an individual to consider his life choices and decision, because there will be a time where we would definitely have to think about the choices that we have made when we were younger and then when we get older what would have become our decision and choices that we made when we were young, so using our discretionary income with something reasonable like buying and investing into bitcoin which would be a good decision for a lifetime.

However we know there are people who can constantly have a discretionary income and have this basic expenses but we should consider not making a mistakes that will affect our lives in a long term, and also we can try to strike a balance with our lifestyle and our basic expenses because investing in bitcoin doesn’t stop us from having a good fun life, which is why we are investing in bitcoin with our discretionary income and we can possibly have control of this funds instead of the money to control our decisions, as an individual I can possibly consider buying bitcoin with my discretionary income instead of appreciating whichever possible lifestyle and might seems like we are throwing money away, then we can decide to invest with some of this discretionary income, because we might not possibly invest all our discretionary income, but if I decide to invest with all my discretionary income and I know it’s sustainable that is also quite good, then as an investor I can decide to invest in bitcoin for one or two circles depending on my lifetime goals and plans which will be a better decision of holding bitcoin for a long term, instead of throwing our discretionary income into something that would seems like we’re wasting our money on unnecessary spending and then we are making mistakes, well I must say right now that I’m in my accumulation journey I shouldn’t be having any time to appreciate lifestyle choices, instead I would prioritize buying more bitcoin and doing it more aggressively with caution.

You are right discretionary income is financial freedom that can be spent or invested. some people choose not to invest rather than spending, but they forget investment also brings about growth in the market , discretionary income is the money leftover that can be used for investment  or savings. some investor spend their discretionary income on luxury, vacation thinking he is saving his funds.  the reason why discretionary income matters a lot it increase economic activity, more money the investor put on the investment it gives you more earnings. finally discretionary income increases, investor have  more flexibility and also investor sees it as more opportunity.

[bestcandy]

The reason that discretionary income involves money that you can afford to lose because you make a choice.

Discretionary income can be spent on anything whether investment, consumption or savings, so you can choose to totally gamble it away, if you like.

You may well make a choice to invest into bitcoin with all of your discretionary income or you might choose some portion of that discretionary income to go into investing rather than buying cigarrettes..  and yeah, cigarrettes are equally valid if a person chooses to use his discretionary income to buy cigarrettes  and perhaps some other thriller, exciting and expensive habits that a person might have.

The person with the expensive habits might find that when he arrives 10 years down the road that he had not made any financial progress in life.  He thought that he was happy with his various expensive habits, yet maybe 10 years down the road he is in his 50s rather than his 40s, and he is finding that his income is going down or he is not able to earn as much money, and even though he had a lot of fun in his youth, he has nothing to show for it.

He made choices when he was in his 20s, 30s and 40s, and some people choose to focus on investing, others choose to focus on consuming  and perhaps some choose to focus on saving, yet if they kept their money in cash rather than assets (such as bitcoin), then they might find that their savings did not appreciate in value and instead it lost value... so we make choices, and there are consequences to our choices, and discretionary money means that we can choose to do whatever we like whether it is investment consumption or savings.

I would not say to do only one of them, yet we can figure out out to strike a balance since we likely need to bring ourselves some pleasures, yet if our budget is tight, we might have to choose to figure out how to prioritize investing, even if investing means that we won't be able to consume as much in the present.

None of us can tell anyone else whether to prioritize cigarettes over investing... and part of the idea of discretionary is that we can do what we like with it, which is a reason why some folks refer to discretionary income as disposable income... meaning we can throw it away if we like, and when we invest into bitcoin maybe we might think that we are throwing it away, and we are willing to wait 4-10 years or longer before we will start to cash in on the investment, and we are not guaranteed to be in profits, but we invest into something like bitcoin that we believe is more likely to be profitable than not.

You’re absolutely right, discretionary income is quite discrete which is why it’s something that we can easily afford to do whatever we feel like doing with our discretionary income, it’s quite our own responsibility to decide whatever we feel it’s comfortable for us to deal with it, an individual can always choose to gamble with it with playing whatever they feel like doing with their discretionary income and they can also choose to save the money somewhere in the bank that will not have any future interest unlike bitcoin that we would have opportunities for future interest, Some individuals save them as fiat money and also be thinking of having fun with their discretionary income, like buying expensive clothes and shoes and also buying cars and living an expensive lifestyle, or be clubbing with their discretionary income, but the truth is that Bitcoin doesn’t stop and individual from living their life or probably be enjoying their life as they feel like doing or doing whatever that makes them happy like going for basketball games or soccer games, but it’s important and necessary for an individual to consider his life choices and decision, because there will be a time where we would definitely have to think about the choices that we have made when we were younger and then when we get older what would have become our decision and choices that we made when we were young, so using our discretionary income with something reasonable like buying and investing into bitcoin which would be a good decision for a lifetime.

However we know there are people who can constantly have a discretionary income and have this basic expenses but we should consider not making a mistakes that will affect our lives in a long term, and also we can try to strike a balance with our lifestyle and our basic expenses because investing in bitcoin doesn’t stop us from having a good fun life, which is why we are investing in bitcoin with our discretionary income and we can possibly have control of this funds instead of the money to control our decisions, as an individual I can possibly consider buying bitcoin with my discretionary income instead of appreciating whichever possible lifestyle and might seems like we are throwing money away, then we can decide to invest with some of this discretionary income, because we might not possibly invest all our discretionary income, but if I decide to invest with all my discretionary income and I know it’s sustainable that is also quite good, then as an investor I can decide to invest in bitcoin for one or two circles depending on my lifetime goals and plans which will be a better decision of holding bitcoin for a long term, instead of throwing our discretionary income into something that would seems like we’re wasting our money on unnecessary spending and then we are making mistakes, well I must say right now that I’m in my accumulation journey I shouldn’t be having any time to appreciate lifestyle choices, instead I would prioritize buying more bitcoin and doing it more aggressively with caution.

You are right discretionary income is financial freedom that can be spent or invested. some people choose not to invest rather than spending, but they forget investment also brings about growth in the market , discretionary income is the money leftover that can be used for investment  or savings. some investor spend their discretionary income on luxury, vacation thinking he is saving his funds.  the reason why discretionary income matters a lot it increase economic activity, more money the investor put on the investment it gives you more earnings. finally discretionary income increases, investor have  more flexibility and also investor sees it as more opportunity.

The assertions of you guys are very correct because of volatility of Bitcoin but in otherwise, I see Bitcoin as a real time investment that has impacted positively in the life of many investors other than investment that should only be made with discretionary income. There is always a risk associated to every investment which Bitcoin is not in exception so while emphasizing on investing with only discretionary income in order to be able to bear any unforseen risk, I think there is also need to take Bitcoin as a real time investment that require making signicant investing that will give a good return on investment considering the anticipated economic potential of Bitcoin now and in the future especially when it's hold for long term.

[Lidger]

time and time again

I dca minę every day and hodl.

and I sometimes buy the dip and hodl.


and I keep cash on hand for expenses so that I can hodl.

jjg simply does not understand I changed my methods and no longer use btc as a p2p method.

bots can be stupid at times.

You must be very successful because you are constantly buying and investing in Bitcoin every day. I think your income is high and you have a good enough source of income due to which you can invest in Bitcoin every day. Actually, we have a lot of desire to invest in this Bitcoin, although I cannot invest every day like you, but I can invest some fraction of Bitcoin every week because I have to manage my family with the money I earn, manage my family, and then I have to buy some amount of Bitcoin with the remaining part. If I had multiple good sources of income, I would buy Bitcoin with my entire income and hold it for the long term. Anyway, your plan is very good, maybe many people have much more money than you, but they are not able to plan like you.

First of all, be satisfied with the fact that you are at least able to invest in Bitcoin and even though your investment amount is relatively small, you are making your investment consistently and you are trying to increase your investment every week. The fact that you have a desire to invest more in your mind will definitely help you invest more later. Human willpower is the greatest, the amount of money you are earning, you may be trying to earn more money by increasing your efforts, since you have a different plan, keep working hard, of course you can earn more money and you can invest in Bitcoin with more money. But here I want to tell you one thing, that is, you said that you would invest in Bitcoin with all your income, I don't know how logical it actually seems to you, but it seems a bit unreasonable to me. Because if you invest in Bitcoin with all your income, how will you manage your family or meet your financial needs. 

Currently, the price of every product is on an upward trajectory, while children's tuition fees are very high, so definitely invest in Bitcoin, but first fully meet your own and your family's needs.

[Xun hu]

The reason that discretionary income involves money that you can afford to lose because you make a choice.

Discretionary income can be spent on anything whether investment, consumption or savings, so you can choose to totally gamble it away, if you like.

You may well make a choice to invest into bitcoin with all of your discretionary income or you might choose some portion of that discretionary income to go into investing rather than buying cigarrettes..  and yeah, cigarrettes are equally valid if a person chooses to use his discretionary income to buy cigarrettes  and perhaps some other thriller, exciting and expensive habits that a person might have.

The person with the expensive habits might find that when he arrives 10 years down the road that he had not made any financial progress in life.  He thought that he was happy with his various expensive habits, yet maybe 10 years down the road he is in his 50s rather than his 40s, and he is finding that his income is going down or he is not able to earn as much money, and even though he had a lot of fun in his youth, he has nothing to show for it.

He made choices when he was in his 20s, 30s and 40s, and some people choose to focus on investing, others choose to focus on consuming  and perhaps some choose to focus on saving, yet if they kept their money in cash rather than assets (such as bitcoin), then they might find that their savings did not appreciate in value and instead it lost value... so we make choices, and there are consequences to our choices, and discretionary money means that we can choose to do whatever we like whether it is investment consumption or savings.

I would not say to do only one of them, yet we can figure out out to strike a balance since we likely need to bring ourselves some pleasures, yet if our budget is tight, we might have to choose to figure out how to prioritize investing, even if investing means that we won't be able to consume as much in the present.

None of us can tell anyone else whether to prioritize cigarettes over investing... and part of the idea of discretionary is that we can do what we like with it, which is a reason why some folks refer to discretionary income as disposable income... meaning we can throw it away if we like, and when we invest into bitcoin maybe we might think that we are throwing it away, and we are willing to wait 4-10 years or longer before we will start to cash in on the investment, and we are not guaranteed to be in profits, but we invest into something like bitcoin that we believe is more likely to be profitable than not.

You’re absolutely right, discretionary income is quite discrete which is why it’s something that we can easily afford to do whatever we feel like doing with our discretionary income, it’s quite our own responsibility to decide whatever we feel it’s comfortable for us to deal with it, an individual can always choose to gamble with it with playing whatever they feel like doing with their discretionary income and they can also choose to save the money somewhere in the bank that will not have any future interest unlike bitcoin that we would have opportunities for future interest, Some individuals save them as fiat money and also be thinking of having fun with their discretionary income, like buying expensive clothes and shoes and also buying cars and living an expensive lifestyle, or be clubbing with their discretionary income, but the truth is that Bitcoin doesn’t stop and individual from living their life or probably be enjoying their life as they feel like doing or doing whatever that makes them happy like going for basketball games or soccer games, but it’s important and necessary for an individual to consider his life choices and decision, because there will be a time where we would definitely have to think about the choices that we have made when we were younger and then when we get older what would have become our decision and choices that we made when we were young, so using our discretionary income with something reasonable like buying and investing into bitcoin which would be a good decision for a lifetime.

However we know there are people who can constantly have a discretionary income and have this basic expenses but we should consider not making a mistakes that will affect our lives in a long term, and also we can try to strike a balance with our lifestyle and our basic expenses because investing in bitcoin doesn’t stop us from having a good fun life, which is why we are investing in bitcoin with our discretionary income and we can possibly have control of this funds instead of the money to control our decisions, as an individual I can possibly consider buying bitcoin with my discretionary income instead of appreciating whichever possible lifestyle and might seems like we are throwing money away, then we can decide to invest with some of this discretionary income, because we might not possibly invest all our discretionary income, but if I decide to invest with all my discretionary income and I know it’s sustainable that is also quite good, then as an investor I can decide to invest in bitcoin for one or two circles depending on my lifetime goals and plans which will be a better decision of holding bitcoin for a long term, instead of throwing our discretionary income into something that would seems like we’re wasting our money on unnecessary spending and then we are making mistakes, well I must say right now that I’m in my accumulation journey I shouldn’t be having any time to appreciate lifestyle choices, instead I would prioritize buying more bitcoin and doing it more aggressively with caution.

Honestly, man, i still don’t fully get this whole “discretionary income” thing.  from what i understand  it’s just money you can lose without wrecking your life. So i’m sitting here thinking if i skip a pack of smokes and throw that into Bitcoin, ten years later maybe my lungs are healthier and my wallet’s fatter. Sounds like a win-win, right? but then the other side of me goes what if Bitcoin tanks? then i’ve got no smokes and no gains. Double loss that’s where the confusion kicks in.
one thing I am starting to realize, though, is that nobody’s saying “only invest” or “only live it up.” the real trick seems to be balance. like, say i skip a pizza today and toss that cash into Bitcoin  one day maybe that turns into enough for the whole family combo.

So yeah, i’m still a total newbie, half the time my thoughts are scrambled, but common sense tells me this: don’t blow all your extra cash, just mix it up a little fun, a little stackin.

[HistoLock]

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.

I think if we invest using our spending money then our decision will be wrong. Because I have thought deeply that when I do not invest from my discretionary income then when we need money we will have to sell it, if we do not have money except the invested money to meet the family needs then even if the market goes bad we will have to sell it to meet the needs then we will fall into big losses. So I need to invest only when I have extra money than I need I will invest with that extra money. But I agree with your words that you said Bitcoin is not short term so I should always keep in mind that I will invest with the money that I can lose I mean extra money from my monthly income which my family will not need and I can profit by investing that money.

[Tamaperdana]

time and time again

I dca minę every day and hodl.

and I sometimes buy the dip and hodl.

Dcaing everyday? I don't really buy the idea of dcaing everyday because most times you are likely to meet the price of bitcoin at same range you bought the previous day. To see significant change in the previous price you made your last buy, it takes days. That's why it's advisable to give some of days gap before buying again. Buying once or twice weekly will be more efficient than buying everyday when making use of the DCA strategy.

I believe that if the concept is for long-term holding, daily DCA won't be a problem if we can afford it. In my opinion, price differences are no longer a problem if we invest in bitcoin with DCA over the long term. There's no obligation to buy bitcoin at different prices when using the DCA strategy. DCA is a strategy for periodically purchasing bitcoin, and the price doesn't matter. The most important thing is that DCA is for long-term investment in bitcoin. Essentially, if we're long-term bitcoin holders, we don't need to worry about the bitcoin price when we make a purchase. Essentially, we're not traders who are always dealing with the current price. We're long-term investors who must continuously maximize every opportunity that arises.

[Pandorak]

The reason that discretionary income involves money that you can afford to lose because you make a choice.

Discretionary income can be spent on anything whether investment, consumption or savings, so you can choose to totally gamble it away, if you like.

You may well make a choice to invest into bitcoin with all of your discretionary income or you might choose some portion of that discretionary income to go into investing rather than buying cigarrettes..  and yeah, cigarrettes are equally valid if a person chooses to use his discretionary income to buy cigarrettes  and perhaps some other thriller, exciting and expensive habits that a person might have.

The person with the expensive habits might find that when he arrives 10 years down the road that he had not made any financial progress in life.  He thought that he was happy with his various expensive habits, yet maybe 10 years down the road he is in his 50s rather than his 40s, and he is finding that his income is going down or he is not able to earn as much money, and even though he had a lot of fun in his youth, he has nothing to show for it.

He made choices when he was in his 20s, 30s and 40s, and some people choose to focus on investing, others choose to focus on consuming  and perhaps some choose to focus on saving, yet if they kept their money in cash rather than assets (such as bitcoin), then they might find that their savings did not appreciate in value and instead it lost value... so we make choices, and there are consequences to our choices, and discretionary money means that we can choose to do whatever we like whether it is investment consumption or savings.

I would not say to do only one of them, yet we can figure out out to strike a balance since we likely need to bring ourselves some pleasures, yet if our budget is tight, we might have to choose to figure out how to prioritize investing, even if investing means that we won't be able to consume as much in the present.

None of us can tell anyone else whether to prioritize cigarettes over investing... and part of the idea of discretionary is that we can do what we like with it, which is a reason why some folks refer to discretionary income as disposable income... meaning we can throw it away if we like, and when we invest into bitcoin maybe we might think that we are throwing it away, and we are willing to wait 4-10 years or longer before we will start to cash in on the investment, and we are not guaranteed to be in profits, but we invest into something like bitcoin that we believe is more likely to be profitable than not.

You’re absolutely right, discretionary income is quite discrete which is why it’s something that we can easily afford to do whatever we feel like doing with our discretionary income, it’s quite our own responsibility to decide whatever we feel it’s comfortable for us to deal with it, an individual can always choose to gamble with it with playing whatever they feel like doing with their discretionary income and they can also choose to save the money somewhere in the bank that will not have any future interest unlike bitcoin that we would have opportunities for future interest, Some individuals save them as fiat money and also be thinking of having fun with their discretionary income, like buying expensive clothes and shoes and also buying cars and living an expensive lifestyle, or be clubbing with their discretionary income, but the truth is that Bitcoin doesn’t stop and individual from living their life or probably be enjoying their life as they feel like doing or doing whatever that makes them happy like going for basketball games or soccer games, but it’s important and necessary for an individual to consider his life choices and decision, because there will be a time where we would definitely have to think about the choices that we have made when we were younger and then when we get older what would have become our decision and choices that we made when we were young, so using our discretionary income with something reasonable like buying and investing into bitcoin which would be a good decision for a lifetime.

However we know there are people who can constantly have a discretionary income and have this basic expenses but we should consider not making a mistakes that will affect our lives in a long term, and also we can try to strike a balance with our lifestyle and our basic expenses because investing in bitcoin doesn’t stop us from having a good fun life, which is why we are investing in bitcoin with our discretionary income and we can possibly have control of this funds instead of the money to control our decisions, as an individual I can possibly consider buying bitcoin with my discretionary income instead of appreciating whichever possible lifestyle and might seems like we are throwing money away, then we can decide to invest with some of this discretionary income, because we might not possibly invest all our discretionary income, but if I decide to invest with all my discretionary income and I know it’s sustainable that is also quite good, then as an investor I can decide to invest in bitcoin for one or two circles depending on my lifetime goals and plans which will be a better decision of holding bitcoin for a long term, instead of throwing our discretionary income into something that would seems like we’re wasting our money on unnecessary spending and then we are making mistakes, well I must say right now that I’m in my accumulation journey I shouldn’t be having any time to appreciate lifestyle choices, instead I would prioritize buying more bitcoin and doing it more aggressively with caution.

Honestly, man, i still don’t fully get this whole “discretionary income” thing.  from what i understand  it’s just money you can lose without wrecking your life. So i’m sitting here thinking if i skip a pack of smokes and throw that into Bitcoin, ten years later maybe my lungs are healthier and my wallet’s fatter. Sounds like a win-win, right? but then the other side of me goes what if Bitcoin tanks? then i’ve got no smokes and no gains. Double loss that’s where the confusion kicks in.
one thing I am starting to realize, though, is that nobody’s saying “only invest” or “only live it up.” the real trick seems to be balance. like, say i skip a pizza today and toss that cash into Bitcoin  one day maybe that turns into enough for the whole family combo.

So yeah, i’m still a total newbie, half the time my thoughts are scrambled, but common sense tells me this: don’t blow all your extra cash, just mix it up a little fun, a little stackin.

I will explain a little of what I understand. Discretionary income is simply the money left over after basic needs (food, shelter, health, etc.) have been met. This is the portion of money that can be allocated to things like entertainment, hobbies, or investments.

What you mentioned about quitting smoking and allocating the money to Bitcoin is a good example of how to turn consumptive spending into something more productive, which has the potential to generate benefits in the future. Even if something you fear happens, such as Bitcoin crashing, it must be said that you still benefit because quitting smoking will improve your health, and health is an invaluable investment. So, in reality, the double loss you fear isn't entirely accurate, because one aspect of your life still gains real benefits.

You might choose to use part of your discretionary income for enjoyment, like buying cigarettes, and the rest for long-term investment by buying Bitcoin. Thinking this way, you won't feel too stressed if the investment doesn't meet expectations, because you can still enjoy your daily life. However, as JayJuanGee said, “if our budget is limited, we may have to prioritize investments, even though investing means we won't be able to consume as much right now.”

[Lembo69]

It would indeed be ideal if we had a stable income, but in the context of investing, I believe that even if we don't have a very stable income, as long as we can manage our finances well, then ultimately we can still invest.
The most important thing in this case is how we manage our finances and create a good budget plan so that we can support ourselves and our daily needs, while also setting aside money that we can use for investment.

As you said, we can invest even if our income is not stable—if we manage our finances well. But it is also true that investing will always be risky if we do not have a stable income.

Because an unexpected event—such as losing a job or a sudden illness—can weaken our financial management. Then we may be forced to decide to sell our investments.

Yes, investing can be done without a stable income. But with a stable income, the investment will be stronger, more confident, and more reliable.

If the objective is long-term investment, then only the money that will not cause a big problem in life if lost should be used. Investing with unnecessary fear is not sustainable in the long run.

Finally, investing must be consistent with our objectives and priorities. Having a stable income makes investment planning more reasonable and brings discipline to decision-making.

[sotelorene]

I agree, the truth is this makes me remember that on the Spanish board I said something like that and I didn't know that leaving some discretionary income to buy on the dip was a variant of the DCA method, because the DCA method consists of buying daily, weekly, monthly whatever the quota of money to accumulate, I thought that some other income to buy on the dip was another strategy or method and no, it turns out that it is the variant, but it is the safest way to do intelligent DCA work.

If you are buying regularly with the DCA accumulating strategy, their is no point disturbing yourself about the dip because you can equally buy the lowest part of the dip through the dca accumulating method, since you will get to buy at every price interval regardless of it price.
What Investors are advised to do is to always have a reserve funds in place so that when their is a dip in the market, you can use your reserve funds to buy and accumulate Bitcoin aggressively then, but if you have no reserve funds in place while accumulating Bitcoin through the dca accumulating strategy, their is no point doing more than yourself because the DCA accumulating strategy is quite ok, and your investment will be fine as long as you stay on track while accumulating Bitcoin weekly or monthly.

Using the DCA strategy is quite good and it is for future investments, but there is no harm in using spare money to buy more when the Bitcoin price drops, that is an addition we do to expand the portfolio more. Besides, the DCA strategy that we have planned from the beginning must still be implemented consistently, doing some other things to improve I think there is no harm.

I still think and suggest it is wise and better we use our discretionary income in any Incase or situation to accumulate our Bitcoin because it is safer. And already discretionary income is what are advise to use in Bitcoin accumulation so we don't cross or use the fund that we are not suppose to use. DCA method is a strategy every beginners should or must adapt to because of how simple and easy it is for someone to accumulate Bitcoin via it despite the market condition or situation.

[Bigjoe33]

Honestly, man, i still don’t fully get this whole “discretionary income” thing.  from what i understand  it’s just money you can lose without wrecking your life. So i’m sitting here thinking if i skip a pack of smokes and throw that into Bitcoin, ten years later maybe my lungs are healthier and my wallet’s fatter. Sounds like a win-win, right? but then the other side of me goes what if Bitcoin tanks? then i’ve got no smokes and no gains. Double loss that’s where the confusion kicks in.
one thing I am starting to realize, though, is that nobody’s saying “only invest” or “only live it up.” the real trick seems to be balance. like, say i skip a pizza today and toss that cash into Bitcoin  one day maybe that turns into enough for the whole family combo.

So yeah, i’m still a total newbie, half the time my thoughts are scrambled, but common sense tells me this: don’t blow all your extra cash, just mix it up a little fun, a little stackin.

Yea, even as we opine for a gradual stacking of stash, using your discretionary, i think it's not also out of place if one gets a little bit of fun too since one can't leave Live generally without giving oneself a treat sometimes. Live should be lived to the fullest. Some stash been accumulated, a little fun been grabbed alongside too wouldn't cause harm. Thats why the discretionary is highly recommended for accumulation, becauce, haven taking care of basic necessities, the left over at hand is your discretionary. What you use it for becomes your will. You can either decide to spend it on drinks at the bar, or some pizza or cigarettes, it's up to you and it's nothing. But at the same time, you can also decide to accumulate Bitcoin with it in fragments weekly or monthly as the case may be.

If you decide to spend it on self and pleasure, you get to enjoy it now and find out in the next 10-20 years or so, you have nothing solid in terms of finance or investments. But on the other hand, if you decide to invest some fraction of the same discretionary funds in Bitcoin, while still grabing little fun, at a long run, you must have saved or invested something tangible if your investment lasted for years(let's say 4-10 years or more).

Bitcoin has proven over the years to be a store of value and worth. Even though we might not predict perfectly where bitcoin would be in coming weeks, months or years, but the assurance of appreciation stands great. Imagine the price or value of Bitcoin in that last 10-15 ago, and check where it is now. You can see for yourself. Then imagine where it will be in the next 10 years or more. Sincerely, Bitcoin is going global, and we will only be fair to ourselves if we grab some Bitcoin to ourselves from our discretionary income and Hodl, even as we also think of having some fun too. We can't possibly miss out in any.

[ejikeme24]

If you decide to spend it on self and pleasure, you get to enjoy it now and find out in the next 10-20 years or so, you have nothing solid in terms of finance or investments. But on the other hand, if you decide to invest some fraction of the same discretionary funds in Bitcoin, while still grabing little fun, at a long run, you must have saved or invested something tangible if your investment lasted for years(let's say 4-10 years or more).

Agree with you to say that spending our discretionary funds in something that can't add any value to our life does not make any sense, I know that everyone is entitled to use thier discretionary funds whichever way they like But, those that have plans in the future will never use thier discretionary funds in something that will become a liability to them. but they will want to invest into bitcoin no matter how small it is because they believe that if they keep doing it consistently that they can be able to stack enough bitcoin in the future, But these is not going to deprive them from not having fun of course they will still have fun While making thier bitcoin investment rather they will just map out a little portion of their discretionary funds to get that which their heart desired for.

[Stable090]

Using the DCA strategy is quite good and it is for future investments, but there is no harm in using spare money to buy more when the Bitcoin price drops, that is an addition we do to expand the portfolio more. Besides, the DCA strategy that we have planned from the beginning must still be implemented consistently, doing some other things to improve I think there is no harm.

Having a separate money which you have plans to use in accumulating bitcoin when the price is down isn’t bad, but waiting for bitcoin price to drop before you invest is really bad, if you are waiting for bitcoin price to drop before you will invest, then that means you might end up not investing, because the more bitcoin price keeps on dropping, the more you going to keep on waiting for bitcoin price to drop more. If you really want to invest in bitcoin, then make use of DCA strategy, you can decide to buy a certain amount of bitcoin within a certain period of time, and whenever their is deep, you can still take advantage of that to buy bitcoin at cheaper price.

[BitBakerr1]

I agree, the truth is this makes me remember that on the Spanish board I said something like that and I didn't know that leaving some discretionary income to buy on the dip was a variant of the DCA method, because the DCA method consists of buying daily, weekly, monthly whatever the quota of money to accumulate, I thought that some other income to buy on the dip was another strategy or method and no, it turns out that it is the variant, but it is the safest way to do intelligent DCA work.

If you are buying regularly with the DCA accumulating strategy, their is no point disturbing yourself about the dip because you can equally buy the lowest part of the dip through the dca accumulating method, since you will get to buy at every price interval regardless of it price.
What Investors are advised to do is to always have a reserve funds in place so that when their is a dip in the market, you can use your reserve funds to buy and accumulate Bitcoin aggressively then, but if you have no reserve funds in place while accumulating Bitcoin through the dca accumulating strategy, their is no point doing more than yourself because the DCA accumulating strategy is quite ok, and your investment will be fine as long as you stay on track while accumulating Bitcoin weekly or monthly.

Using the DCA strategy is quite good and it is for future investments, but there is no harm in using spare money to buy more when the Bitcoin price drops, that is an addition we do to expand the portfolio more. Besides, the DCA strategy that we have planned from the beginning must still be implemented consistently, doing some other things to improve I think there is no harm.

I still think and suggest it is wise and better we use our discretionary income in any Incase or situation to accumulate our Bitcoin because it is safer. And already discretionary income is what are advise to use in Bitcoin accumulation so we don't cross or use the fund that we are not suppose to use. DCA method is a strategy every beginners should or must adapt to because of how simple and easy it is for someone to accumulate Bitcoin via it despite the market condition or situation.

Yes I agree with you,  if you are using your Discretionary income to accumulate Bitcoin you won't have much issues with your invest, however when using your Discretionary income to invest in Bitcoin you also need to have an emergency funds because it is it that safe you totally, using your discretionary income alone cannot save you from financial issues as a bitcoin investor you need a very strong backup funds while using only your Discretionary income to accumulate Bitcoin.
DCA strategy of accumulation is a very good investment strategy now the reason why it is a very good investment strategy is because it gives you the opportunity to accumulate bitcoin at every single price that comes up meaning you don't have to wait for a particular price for you to start accumulating and it gives you fast achievement.

[EL MOHA]

Yes I agree with you,  if you are using your Discretionary income to accumulate Bitcoin you won't have much issues with your invest, however when using your Discretionary income to invest in Bitcoin you also need to have an emergency funds because it is it that safe you totally, using your discretionary income alone cannot save you from financial issues as a bitcoin investor you need a very strong backup funds while using only your Discretionary income to accumulate Bitcoin.
DCA strategy of accumulation is a very good investment strategy now the reason why it is a very good investment strategy is because it gives you the opportunity to accumulate bitcoin at every single price that comes up meaning you don't have to wait for a particular price for you to start accumulating and it gives you fast achievement.

You need to understand that it is after you have taken out the emergency funds and all other necessary expenses have been covered, that is when you have discretionary income left so there is no reason to be concerned again about emergency funds after having discretionary income because it should have been handle before you call any remaining funds a discretionary income.

Overall the best form of purchasing bitcoin is indeed DCA at any time interval that suits your income best is having a steady stream of income then you can simply set a time line pending on when the income arrives and then steadily use the duration, if after a long period of time accumulating for emergency funds you have maybe held enough (although there isn’t enough for emergency ) you can then aggressively accumulate more by channeling some of this to investing into bitcoin with the discretionary income

[G_Besar]

I still think and suggest it is wise and better we use our discretionary income in any Incase or situation to accumulate our Bitcoin because it is safer. And already discretionary income is what are advise to use in Bitcoin accumulation so we don't cross or use the fund that we are not suppose to use. DCA method is a strategy every beginners should or must adapt to because of how simple and easy it is for someone to accumulate Bitcoin via it despite the market condition or situation.

Perhaps some people still don't understand what discretionary income you're referring to, so we need to clarify that discretionary income is regular income that, after paying all our daily needs, still has money left over, and that's what we use for investments. And this certainly won't cause us any difficulties because we've already prioritized our living needs before accumulating Bitcoin with the DCA method to keep investments going. Therefore, this kind of thing sometimes needs to be explained to most beginners who want to become investors, so they don't make things difficult just because they already have new, better goals.

[Joeboy]

The reason that discretionary income involves money that you can afford to lose because you make a choice.

Discretionary income can be spent on anything whether investment, consumption or savings, so you can choose to totally gamble it away, if you like.

You may well make a choice to invest into bitcoin with all of your discretionary income or you might choose some portion of that discretionary income to go into investing rather than buying cigarrettes..  and yeah, cigarrettes are equally valid if a person chooses to use his discretionary income to buy cigarrettes  and perhaps some other thriller, exciting and expensive habits that a person might have.

The person with the expensive habits might find that when he arrives 10 years down the road that he had not made any financial progress in life.  He thought that he was happy with his various expensive habits, yet maybe 10 years down the road he is in his 50s rather than his 40s, and he is finding that his income is going down or he is not able to earn as much money, and even though he had a lot of fun in his youth, he has nothing to show for it.

He made choices when he was in his 20s, 30s and 40s, and some people choose to focus on investing, others choose to focus on consuming  and perhaps some choose to focus on saving, yet if they kept their money in cash rather than assets (such as bitcoin), then they might find that their savings did not appreciate in value and instead it lost value... so we make choices, and there are consequences to our choices, and discretionary money means that we can choose to do whatever we like whether it is investment consumption or savings.

I would not say to do only one of them, yet we can figure out out to strike a balance since we likely need to bring ourselves some pleasures, yet if our budget is tight, we might have to choose to figure out how to prioritize investing, even if investing means that we won't be able to consume as much in the present.

None of us can tell anyone else whether to prioritize cigarettes over investing... and part of the idea of discretionary is that we can do what we like with it, which is a reason why some folks refer to discretionary income as disposable income... meaning we can throw it away if we like, and when we invest into bitcoin maybe we might think that we are throwing it away, and we are willing to wait 4-10 years or longer before we will start to cash in on the investment, and we are not guaranteed to be in profits, but we invest into something like bitcoin that we believe is more likely to be profitable than not.

You’re absolutely right, discretionary income is quite discrete which is why it’s something that we can easily afford to do whatever we feel like doing with our discretionary income, it’s quite our own responsibility to decide whatever we feel it’s comfortable for us to deal with it, an individual can always choose to gamble with it with playing whatever they feel like doing with their discretionary income and they can also choose to save the money somewhere in the bank that will not have any future interest unlike bitcoin that we would have opportunities for future interest, Some individuals save them as fiat money and also be thinking of having fun with their discretionary income, like buying expensive clothes and shoes and also buying cars and living an expensive lifestyle, or be clubbing with their discretionary income, but the truth is that Bitcoin doesn’t stop and individual from living their life or probably be enjoying their life as they feel like doing or doing whatever that makes them happy like going for basketball games or soccer games, but it’s important and necessary for an individual to consider his life choices and decision, because there will be a time where we would definitely have to think about the choices that we have made when we were younger and then when we get older what would have become our decision and choices that we made when we were young, so using our discretionary income with something reasonable like buying and investing into bitcoin which would be a good decision for a lifetime.

However we know there are people who can constantly have a discretionary income and have this basic expenses but we should consider not making a mistakes that will affect our lives in a long term, and also we can try to strike a balance with our lifestyle and our basic expenses because investing in bitcoin doesn’t stop us from having a good fun life, which is why we are investing in bitcoin with our discretionary income and we can possibly have control of this funds instead of the money to control our decisions, as an individual I can possibly consider buying bitcoin with my discretionary income instead of appreciating whichever possible lifestyle and might seems like we are throwing money away, then we can decide to invest with some of this discretionary income, because we might not possibly invest all our discretionary income, but if I decide to invest with all my discretionary income and I know it’s sustainable that is also quite good, then as an investor I can decide to invest in bitcoin for one or two circles depending on my lifetime goals and plans which will be a better decision of holding bitcoin for a long term, instead of throwing our discretionary income into something that would seems like we’re wasting our money on unnecessary spending and then we are making mistakes, well I must say right now that I’m in my accumulation journey I shouldn’t be having any time to appreciate lifestyle choices, instead I would prioritize buying more bitcoin and doing it more aggressively with caution.

You are right discretionary income is financial freedom that can be spent or invested. some people choose not to invest rather than spending, but they forget investment also brings about growth in the market , discretionary income is the money leftover that can be used for investment  or savings. some investor spend their discretionary income on luxury, vacation thinking he is saving his funds.  the reason why discretionary income matters a lot it increase economic activity, more money the investor put on the investment it gives you more earnings. finally discretionary income increases, investor have  more flexibility and also investor sees it as more opportunity.

Putting in  discretionary income into your Bitcoin investment dosent automatically guarantee an investor more earning. See ehn Bitcoin is not like some kindd of savings accounts where you keep putting in money without having a clear plan or strategy.  Cos if you do so you would end up losing more than you bargained for. That is why in addition to having your discretionary income every investor should also have a clear strategy like DCA (Dollar Cost Averaging) coupled with having an emergency funds...... It is only when this three combos are properly applied (which is  having a discretionary income, emergency funds and then having a strategy like DCA),  that an investor can boast of having more earning but then this earning mostly comes in the long run( 4-10 year+).