Buy the DIP, and HODL!

[philipma1957]

So here I am post 51,000

I buy the dip.
I dca mine
I hold cash just in case. This allows me to hodl my dip buy and hodl my dca buy.

[NurseHub]

So here I am post 51,000

I buy the dip.
I dca mine
I hold cash just in case. This allows me to hodl my dip buy and hodl my dca buy.

Congratulations sir! 51,000 post and 10550 merits it's an incredible achievement.

Yes buy now, buy tomorrow and keep buying because today is the dip of tomorrow.

Keep all the type of funds that can support your hodling, like emergency funds etc and have a little extra cash to buy more incase you see an unforeseen dip.

[danadc]

I agree with you that you don't need to be rich to invest in Bitcoin. You can start with a small income if you want. But you can also think that if you have a stable source of income, deep buying will be more convenient. Since this is a long-term investment system, you can think of it like the stronger the roots of a tree, the better the growth of that tree. You must be patient. Don't get discouraged. Take your time, observe, learn and apply.

Well, the things that should be done when investing in BTC are that, not only the rich have opportunity, we all have opportunity, you just have to have a daily, weekly, monthly plan to buy BTC without affecting the price, I do it and it works Out well for me, sometimes when the price drops I try to look for a little more money to be able to buy more , for me that is the trick to making Things happen in a more intelligent way.

[Hardyrobust]

Bitcoin Investment is all about for discipline in other to succeed if not you will just be at the fence watching, without a normal source which I think you are talking about steady income, you can still have your discretionary income if you are serious about investing into bitcoin, you can get it from any job you do that fetches you income ,even if quarterly, or annual job as long as you have made up your mind and are serious about it, if you can't get discretionary income from your present income is to look for a supportive source of income to make you a bit stable and invest, bitcoin Investment using the dca strategy does not need much money just %10 only whenever you have funds on you and since the t is for a long-term it will be beneficial to you, and if you don't have money to continue your investment, you can pause until you start having money and then continue from where you stop .

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.

You can’t be confused about this, being a Hero member of the forum, how can you say saving money to buy the dip is a variant of Dollar cost average (DCA), and again saying a variant “is the safest way to do intelligent DCA work”, where have you seen a variant better than the original.., that’s by the way.

What you’re saying is just buying the dip and it’s not advisable to keep money aside to buy dips especially if you’re low coiner still in your early stage of accumulating bitcoin. Just DCA regularly and consistently for this is the best strategy for most situations, you can be DCAing regularly and you get to buy at the dips too, just don’t keep money waiting to buy at the dip.

There investors that may not want to go in all at once, they may decide to keep some percentage of there discretionary income and them use the remaining percentage for buying the dip. As per being a low coiner ,it also depends on ones cash flow for someone with a good cash flow management that may have a good amount of discretionary income after sorting out all there expenses may decide not to put all there discretion into buying bitcoin at once they can decide to use some percentage to DCA and the remaining percentage for buying the dips.

[woez]

There investors that may not want to go in all at once, they may decide to keep some percentage of there discretionary income and them use the remaining percentage for buying the dip. As per being a low coiner ,it also depends on ones cash flow for someone with a good cash flow management that may have a good amount of discretionary income after sorting out all there expenses may decide not to put all there discretion into buying bitcoin at once they can decide to use some percentage to DCA and the remaining percentage for buying the dips.

That's the story for investors now. Let's put ourselves in the current market conditions. BTC has started to rise slowly, although many Altcoins haven't followed suit. But our focus isn't on the Altcoins themselves, but on how to increase our BTC holdings with DCA.

Waiting for a price dip is also a good option, but don't be too idealistic. A combination system is also good when the market is clearly overheated. Corrections are usually inevitable, meaning a DCA plan is in place as usual. If you we cash reserves, keep them in case the market offers a flash sale opportunity. Of course, we don't want to miss that moment, but rationally if we have capital still small, it might be a bit complicated because market timing is impossible to predict. But that's better than nothing at all.

[Sonia_123]

Bitcoin Investment is all about for discipline in other to succeed if not you will just be at the fence watching, without a normal source which I think you are talking about steady income, you can still have your discretionary income if you are serious about investing into bitcoin, you can get it from any job you do that fetches you income ,even if quarterly, or annual job as long as you have made up your mind and are serious about it, if you can't get discretionary income from your present income is to look for a supportive source of income to make you a bit stable and invest, bitcoin Investment using the dca strategy does not need much money just %10 only whenever you have funds on you and since the t is for a long-term it will be beneficial to you, and if you don't have money to continue your investment, you can pause until you start having money and then continue from where you stop .

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.

You can’t be confused about this, being a Hero member of the forum, how can you say saving money to buy the dip is a variant of Dollar cost average (DCA), and again saying a variant “is the safest way to do intelligent DCA work”, where have you seen a variant better than the original.., that’s by the way.

What you’re saying is just buying the dip and it’s not advisable to keep money aside to buy dips especially if you’re low coiner still in your early stage of accumulating bitcoin. Just DCA regularly and consistently for this is the best strategy for most situations, you can be DCAing regularly and you get to buy at the dips too, just don’t keep money waiting to buy at the dip.

How are you sure that buying the dip when it comes will be more profitable to you, will the price of bitcoin not go higher than it was when you were saving to buy the dip, because for you to really feel the impact of buying the dip , the price  of bitcoin need to be more reduced more  than the amount of price you have budgeted , then you can now say that you have achieved your aim of buying the dip, if it doesn't happen,then your aiming will not be successful . Waiting for the dip is always dangerous and not encouraging at all avoid it because it is not sure for you buying bitcoin whenever your fund is available.

[CryptoYar]

[...]

Sure you might have to practice with the ideas for a while and put such ideas into practice within your own life - without being flippant about it, and surely, you might be able to learn to take bitcoin and your cashflow seriously and even learn about bitcoin (and your own self - finances and psychology) along your journey into building up a bitcoin stash and strengthening your cashflow management systems and practices.  And, yeah, all of what you do may or may not end up improving your life and giving you more options by investing into bitcoin as compared to not investing into bitcoin, as you noted that possibility to be part of the mix of things that could end up happening in your life.  

[...]

This is deep but very practical view of planning finances especially with Bitcoin because it highlights struggle between being prepared and facing uncertainty. Main goal of saving Bitcoin and improving your finances is not to guarantee huge win but to make it more likely that you will be in better situation in future. Since we cannot control everything as your point about bus humorously shows we must focus only on what we can control educating ourselves about money and Bitcoin and our own minds. Practicing balance with investing wisely and managing spending and building flexible system that works well no matter what happens to Bitcoin price. So true value of this effort is not just chance of making money but that is peace of mind that comes from preparing for unpredictable challenges of life.

[Gost ms]

There investors that may not want to go in all at once, they may decide to keep some percentage of there discretionary income and them use the remaining percentage for buying the dip. As per being a low coiner ,it also depends on ones cash flow for someone with a good cash flow management that may have a good amount of discretionary income after sorting out all there expenses may decide not to put all there discretion into buying bitcoin at once they can decide to use some percentage to DCA and the remaining percentage for buying the dips.

I think that waiting for a fall is not the right decision. Because the market is very volatile, you can never tell when it will happen. If the fall you are waiting for does not happen in the market, how will you buy? You will miss many buying opportunities. If you have money, invest it. It would be best. Because

Suppose you are saving money to invest. If the Bitcoin market does not fall in the last 1 year and the price of Bitcoin reaches 150 thousand dollars, and if the Bitcoin market falls after 1 year and the price of Bitcoin falls from 150 thousand to 140 thousand dollars, then you have missed many buying opportunities. For example, the current price of Bitcoin is 112 thousand dollars. You did not buy from 112 thousand to 139 thousand dollars, you have missed these buying and buying opportunities. If you had continued to buy using the DCA method, you would not have missed the buying opportunity. So never wait for a fall and continue to buy continuously.

[Kagaru]

There investors that may not want to go in all at once, they may decide to keep some percentage of there discretionary income and them use the remaining percentage for buying the dip. As per being a low coiner ,it also depends on ones cash flow for someone with a good cash flow management that may have a good amount of discretionary income after sorting out all there expenses may decide not to put all there discretion into buying bitcoin at once they can decide to use some percentage to DCA and the remaining percentage for buying the dips.

That's the story for investors now. Let's put ourselves in the current market conditions. BTC has started to rise slowly, although many Altcoins haven't followed suit. But our focus isn't on the Altcoins themselves, but on how to increase our BTC holdings with DCA.

Waiting for a price dip is also a good option, but don't be too idealistic. A combination system is also good when the market is clearly overheated. Corrections are usually inevitable, meaning a DCA plan is in place as usual. If you we cash reserves, keep them in case the market offers a flash sale opportunity. Of course, we don't want to miss that moment, but rationally if we have capital still small, it might be a bit complicated because market timing is impossible to predict. But that's better than nothing at all.

Yes for people who live on a monthly income the DCA strategy is very safe and effective, Many new investors pour all their money into Bitcoin at once out of emotion and then if the price drops a little they panic and sell it and face losses. But those who invest a certain amount of money every month on average get a good entry point from these price fluctuations, It's like preparing for a long race where patience and discipline are the biggest tools.

Many people think that investing all their money will bring the most profit but the reality is that the market does not always move according to our expectations. If there is a sudden big correction or flash sale it is not possible to take that opportunity if you do not have cash in hand, That is why I think that in addition to continuing DCA you should keep a portion in hand so that you can act quickly when the opportunity arises.

Finally I would like to say that planning is more important than emotion in investing, Taking it step by step not jumping in all at once keeping some cash on hand and having a respect for the market are the hallmarks of a good investor. The way you think is very realistic and will be beneficial for many.

[Cossyblack]

There investors that may not want to go in all at once, they may decide to keep some percentage of there discretionary income and them use the remaining percentage for buying the dip. As per being a low coiner ,it also depends on ones cash flow for someone with a good cash flow management that may have a good amount of discretionary income after sorting out all there expenses may decide not to put all there discretion into buying bitcoin at once they can decide to use some percentage to DCA and the remaining percentage for buying the dips.

That's the story for investors now. Let's put ourselves in the current market conditions. BTC has started to rise slowly, although many Altcoins haven't followed suit. But our focus isn't on the Altcoins themselves, but on how to increase our BTC holdings with DCA.

Waiting for a price dip is also a good option, but don't be too idealistic. A combination system is also good when the market is clearly overheated. Corrections are usually inevitable, meaning a DCA plan is in place as usual. If you we cash reserves, keep them in case the market offers a flash sale opportunity. Of course, we don't want to miss that moment, but rationally if we have capital still small, it might be a bit complicated because market timing is impossible to predict. But that's better than nothing at all.

I don't agree that waiting for a price Dip before buying is a good strategy because if you start waiting before buying,how then do you plan on increasing your Bitcoin holding through DCA, so you see it isn't idealistic. Since you're DCAng to increase your Bitcoin holding,then there is no need of you timing the market anymore. Applying DCA,you can be accumulating Bitcoin consistently without analyzing the market because by Monitoring the market,you might be distracted with the market volatility. Continue buying with DCA and if the price Dips, you can go aggressive to fasten your Bitcoin accumulation. While doing aggressive buying, it shouldn't be done outside of your discretional income otherwise you will be gambling with your Bitcoin holding.

[Derekfunds]

Bitcoin Investment is all about for discipline in other to succeed if not you will just be at the fence watching, without a normal source which I think you are talking about steady income, you can still have your discretionary income if you are serious about investing into bitcoin, you can get it from any job you do that fetches you income ,even if quarterly, or annual job as long as you have made up your mind and are serious about it, if you can't get discretionary income from your present income is to look for a supportive source of income to make you a bit stable and invest, bitcoin Investment using the dca strategy does not need much money just %10 only whenever you have funds on you and since the t is for a long-term it will be beneficial to you, and if you don't have money to continue your investment, you can pause until you start having money and then continue from where you stop .

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.

You can’t be confused about this, being a Hero member of the forum, how can you say saving money to buy the dip is a variant of Dollar cost average (DCA), and again saying a variant “is the safest way to do intelligent DCA work”, where have you seen a variant better than the original.., that’s by the way.

What you’re saying is just buying the dip and it’s not advisable to keep money aside to buy dips especially if you’re low coiner still in your early stage of accumulating bitcoin. Just DCA regularly and consistently for this is the best strategy for most situations, you can be DCAing regularly and you get to buy at the dips too, just don’t keep money waiting to buy at the dip.

There investors that may not want to go in all at once, they may decide to keep some percentage of there discretionary income and them use the remaining percentage for buying the dip. As per being a low coiner ,it also depends on ones cash flow for someone with a good cash flow management that may have a good amount of discretionary income after sorting out all there expenses may decide not to put all there discretion into buying bitcoin at once they can decide to use some percentage to DCA and the remaining percentage for buying the dips.

Going all in at once is not a bad approach or method if the funds you are using to go all in is from your discretionary income because our discretionary income is meant for Bitcoin accumulation but it will be very disastrous and wrong to go all in using money meant for other expenses that is using money outside your discretionary income. and doing this can be seen as a gamble because it implies that you are using the money outside your discretionary income to buy Bitcoin and then hoping or planning to sell soon if there is little increase in the market and this is why some persons panic and sell at loss because when they have this intention and it doesn't go as planned they will panic and sell.

[avp2306]

There investors that may not want to go in all at once, they may decide to keep some percentage of there discretionary income and them use the remaining percentage for buying the dip. As per being a low coiner ,it also depends on ones cash flow for someone with a good cash flow management that may have a good amount of discretionary income after sorting out all there expenses may decide not to put all there discretion into buying bitcoin at once they can decide to use some percentage to DCA and the remaining percentage for buying the dips.

Going all in at once is not a bad approach or method if the funds you are using to go all in is from your discretionary income because our discretionary income is meant for Bitcoin accumulation but it will be very disastrous and wrong to go all in using money meant for other expenses that is using money outside your discretionary income. and doing this can be seen as a gamble because it implies that you are using the money outside your discretionary income to buy Bitcoin and then hoping or planning to sell soon if there is little increase in the market and this is why some persons panic and sell at loss because when they have this intention and it doesn't go as planned they will panic and sell.

Well if we talk about long term holding actually I don't see anything wrong about deciding to use all their discretionary income to buy Bitcoin.

Since somehow this is good move especially if they don't have any plans to diversify or explore on other investment since  buying lots of volume would give them a chance to earn more returns on Bitcoin.

What I really think will be wrong for doing that is if they put all in on their Bitcoin short term trades since there's really a good chance that they suffer some volatility issues that might cause them to lose their money especially if they get panic easily.

[Lidger]

I agree with you that you don't need to be rich to invest in Bitcoin. You can start with a small income if you want. But you can also think that if you have a stable source of income, deep buying will be more convenient. Since this is a long-term investment system, you can think of it like the stronger the roots of a tree, the better the growth of that tree. You must be patient. Don't get discouraged. Take your time, observe, learn and apply.

Well, the things that should be done when investing in BTC are that, not only the rich have opportunity, we all have opportunity, you just have to have a daily, weekly, monthly plan to buy BTC without affecting the price, I do it and it works Out well for me, sometimes when the price drops I try to look for a little more money to be able to buy more , for me that is the trick to making Things happen in a more intelligent way.

We may sometimes get very disappointed when we see the price of Bitcoin and think that the price of one Bitcoin is so high that we may never be able to invest in Bitcoin, but why don't we think about this investment in a simple way. The price of one Bitcoin may be very high, that is not the reason for us to be disappointed, but there is no such condition for our investment that at least one investor has to buy one Bitcoin to invest in Bitcoin.

Whatever the price of Bitcoin, as an investor, how much money you can invest in Bitcoin is important for you and how much money you can continue to invest in Bitcoin is also important for you. You just keep investing in Bitcoin according to your convenience and hold it deeply, and after a certain period of time, you will see that your total investment amount is sufficient to invest little by little. We will not be disappointed in advance, no matter how difficult the task is, if we do not do that task easily, then it is easier for us to do that task. 
Therefore, you should think about investing simply and continue this investment with ease.

[Tonimez]

There investors that may not want to go in all at once, they may decide to keep some percentage of there discretionary income and them use the remaining percentage for buying the dip. As per being a low coiner ,it also depends on ones cash flow for someone with a good cash flow management that may have a good amount of discretionary income after sorting out all there expenses may decide not to put all there discretion into buying bitcoin at once they can decide to use some percentage to DCA and the remaining percentage for buying the dips.

Going all in at once is not a bad approach or method if the funds you are using to go all in is from your discretionary income because our discretionary income is meant for Bitcoin accumulation but it will be very disastrous and wrong to go all in using money meant for other expenses that is using money outside your discretionary income. and doing this can be seen as a gamble because it implies that you are using the money outside your discretionary income to buy Bitcoin and then hoping or planning to sell soon if there is little increase in the market and this is why some persons panic and sell at loss because when they have this intention and it doesn't go as planned they will panic and sell.

Well if we talk about long term holding actually I don't see anything wrong about deciding to use all their discretionary income to buy Bitcoin.

Since somehow this is good move especially if they don't have any plans to diversify or explore on other investment since  buying lots of volume would give them a chance to earn more returns on Bitcoin.

It is good to go as aggressive as possible when you are investing in bitcoin as long as you have your discretionary income. However, it seems you are forgetting that in a long-term investment plan, an investor only invests a percentage of your Discretionary income and not all your discretionary income. This is because, your discretionary income is all the money left after taking care of your basic responsibilities. It is a wrong advice to invest all the money because you still have to keep a part of the discretionary income as your backup funds and another percentage of the discretionary income as your emergency funds. This is to ensure the security of your bitcoin and to cushion it against unforeseen circumstances and inflation.

Investing all your discretionary income is very detrimental and can destroy your long-term plan when unforeseen eventualities set in. The best you can do is to increase your percentage of the discretionary income going into bitcoin especially when you have accumulated and emergency funds earlier enough. Instead of maintaining same percentage allocation meant for your emergency funds, you can reduce it to a large extent in order to increase your percentage allocation for your bitcoin investment. By so doing, you would stand better chances of holding your bitcoin for long and whenever your emergency funds are tampered with, your bitcoin stash get exposed to possible danger.

Investing all your discretionary income in bitcoin with little or no emergency funds could cause you to sell off a part of all of your bitcoin when things turn sour.

What I really think will be wrong for doing that is if they put all in on their Bitcoin short term trades since there's really a good chance that they suffer some volatility issues that might cause them to lose their money especially if they get panic easily.

Both Logically and practically speaking, Bitcoin traders are the real people that invest all their discretionary income into trading at all time because they have a short term plan on their investments. Some gamblers sell of all or a part of their bitcoin in less than 72 hours after investment while others could trade for months too.

Investing all your discretionary income can not let you hold for long due to life exigencies. You have a point but I feel you only got confused about what Discretionary income really is.

[IceLincoln]

There investors that may not want to go in all at once, they may decide to keep some percentage of there discretionary income and them use the remaining percentage for buying the dip. As per being a low coiner ,it also depends on ones cash flow for someone with a good cash flow management that may have a good amount of discretionary income after sorting out all there expenses may decide not to put all there discretion into buying bitcoin at once they can decide to use some percentage to DCA and the remaining percentage for buying the dips.

What are you keeping the money for ? Why wait when you can purchase more, why wait for something you can’t predict or control, What if it never happens?,.…. The time you spend saving part of your discretionary waiting for a dip to happen is valuable time that if you had invested it in accumulating bitcoin would have yielded more.

Now get this, buying the dip is not wrong but waiting to buy is wrong; I don’t know if this makes sense to you. If you’re DCAing regularly surely you’ll be building your emergency and reserve funds, so when dip happens you buy your usual amount with DCA, then if you need to add more you can buy with your reserve funds with plans of replacing it in the future.
It’s never a good strategy to wait on the sidelines to buy at the dip or pause your DCA in order to buy more at the dip. Market will shock you!.

[Jostern]

There investors that may not want to go in all at once, they may decide to keep some percentage of there discretionary income and them use the remaining percentage for buying the dip. As per being a low coiner ,it also depends on ones cash flow for someone with a good cash flow management that may have a good amount of discretionary income after sorting out all there expenses may decide not to put all there discretion into buying bitcoin at once they can decide to use some percentage to DCA and the remaining percentage for buying the dips.

Going all in at once is not a bad approach or method if the funds you are using to go all in is from your discretionary income because our discretionary income is meant for Bitcoin accumulation but it will be very disastrous and wrong to go all in using money meant for other expenses that is using money outside your discretionary income. and doing this can be seen as a gamble because it implies that you are using the money outside your discretionary income to buy Bitcoin and then hoping or planning to sell soon if there is little increase in the market and this is why some persons panic and sell at loss because when they have this intention and it doesn't go as planned they will panic and sell.

Well if we talk about long term holding actually I don't see anything wrong about deciding to use all their discretionary income to buy Bitcoin.

Since somehow this is good move especially if they don't have any plans to diversify or explore on other investment since  buying lots of volume would give them a chance to earn more returns on Bitcoin.

What I really think will be wrong for doing that is if they put all in on their Bitcoin short term trades since there's really a good chance that they suffer some volatility issues that might cause them to lose their money especially if they get panic easily.

I think in an ideal situation it really don’t make so much sense if we invest all our discretionary income, I really don’t think that is a very realistic idea, because we can only invest some of our discretionary income into bitcoin, there are guys who do such things like investing in bitcoin with all their discretionary income, that would be a very wrong move.

However if we have a long term plans in Bitcoin investment, we can always try to stay consistent and buying bitcoin on a regular basis with some amount of our discretionary income, but I must still say it again, we’re not meant to invest all our discretionary income into bitcoin, investing some part of our discretionary income would be more sustainable.

I know there are folks who still invest all their discretionary income into bitcoin, and it probably would work out for them because they have some efficient plans and ways of buying and accumulating bitcoin, that they have different cashflow and they feel it’s sustainable to them to go that much aggressive and also having the mindset of being careful with their level of aggressiveness.

[reagansimms]

~~~

There investors that may not want to go in all at once, they may decide to keep some percentage of there discretionary income and them use the remaining percentage for buying the dip. As per being a low coiner ,it also depends on ones cash flow for someone with a good cash flow management that may have a good amount of discretionary income after sorting out all there expenses may decide not to put all there discretion into buying bitcoin at once they can decide to use some percentage to DCA and the remaining percentage for buying the dips.

Saving a portion of discretionary income is also necessary to overcome financial problems when unexpected things happen that can cause expenses to swell. The most important thing for investors to consider in order to effectively manage their cash flow from discretionary income is to allocate a portion of their funds to investments using a DCA strategy to mitigate the impact of market volatility. Meanwhile, buying at a price drop can help increase potential profits by capitalizing on low prices.
By implementing a DCA strategy and buying when the price drops, investors can increase their profit potential and reduce the risk of losses due to the volatility that always occurs in the Bitcoin market.

[Xun hu]

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.

Hmm nicely explained mate i kinda feel the same too, because honestly sometimes it’s hard to just save and not enjoy life. like if I cut off every fun it gets boring, you know
But one thing i’m still wondering  let’s say i put a small portion weekly into Bitcoin from my leftover cash and still enjoy like a pizza or hangout once in a while do you think in the long run that tiny stacking really makes a difference?

[Stormisover]

~~~

There investors that may not want to go in all at once, they may decide to keep some percentage of there discretionary income and them use the remaining percentage for buying the dip. As per being a low coiner ,it also depends on ones cash flow for someone with a good cash flow management that may have a good amount of discretionary income after sorting out all there expenses may decide not to put all there discretion into buying bitcoin at once they can decide to use some percentage to DCA and the remaining percentage for buying the dips.

Saving a portion of discretionary income is also necessary to overcome financial problems when unexpected things happen that can cause expenses to swell. The most important thing for investors to consider in order to effectively manage their cash flow from discretionary income is to allocate a portion of their funds to investments using a DCA strategy to mitigate the impact of market volatility. Meanwhile, buying at a price drop can help increase potential profits by capitalizing on low prices.
By implementing a DCA strategy and buying when the price drops, investors can increase their profit potential and reduce the risk of losses due to the volatility that always occurs in the Bitcoin market.

Implementing a DCA strategy of accumulating Bitcoin doesn't have anything to do with buying Bitcoin when the price drops,  with DCA you buy Bitcoin regardless of the market conditions, the dca strategy gives no room to considering market conditions when making purchases of Bitcoin but rather purchase of Bitcoin are made irrespective of whether there is a drop or increase, as an investor with the purpose of building your Bitcoin portfolio it is not wise to capitalize on buying Bitcoin on low prices but to buy in any market conditions the focus should be at increasing the size of your Bitcoin and not focusing on the prices to which you are buying.

[Shineup]

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.

Hmm nicely explained mate i kinda feel the same too, because honestly sometimes it’s hard to just save and not enjoy life. like if I cut off every fun it gets boring, you know
But one thing i’m still wondering  let’s say i put a small portion weekly into Bitcoin from my leftover cash and still enjoy like a pizza or hangout once in a while do you think in the long run that tiny stacking really makes a difference?

Investment should be an engagement not a bondage or some sort of slavery,  for me it is cool to be stacking up at the same time be having fun.
Putting a small portion from time to time when all put together it will make a lot of sense that is where I see the importance of consistency, have you not considered the analogy that little drops of water makes a mighty ocean.

There investors that may not want to go in all at once, they may decide to keep some percentage of there discretionary income and them use the remaining percentage for buying the dip. As per being a low coiner ,it also depends on ones cash flow for someone with a good cash flow management that may have a good amount of discretionary income after sorting out all there expenses may decide not to put all there discretion into buying bitcoin at once they can decide to use some percentage to DCA and the remaining percentage for buying the dips.

Going all in at once is not a bad approach or method if the funds you are using to go all in is from your discretionary income because our discretionary income is meant for Bitcoin accumulation but it will be very disastrous and wrong to go all in using money meant for other expenses that is using money outside your discretionary income. and doing this can be seen as a gamble because it implies that you are using the money outside your discretionary income to buy Bitcoin and then hoping or planning to sell soon if there is little increase in the market and this is why some persons panic and sell at loss because when they have this intention and it doesn't go as planned they will panic and sell.

Well if we talk about long term holding actually I don't see anything wrong about deciding to use all their discretionary income to buy Bitcoin.

Since somehow this is good move especially if they don't have any plans to diversify or explore on other investment since  buying lots of volume would give them a chance to earn more returns on Bitcoin.

What I really think will be wrong for doing that is if they put all in on their Bitcoin short term trades since there's really a good chance that they suffer some volatility issues that might cause them to lose their money especially if they get panic easily.

I think in an ideal situation it really don’t make so much sense if we invest all our discretionary income, I really don’t think that is a very realistic idea, because we can only invest some of our discretionary income into bitcoin, there are guys who do such things like investing in bitcoin with all their discretionary income, that would be a very wrong move.

However if we have a long term plans in Bitcoin investment, we can always try to stay consistent and buying bitcoin on a regular basis with some amount of our discretionary income, but I must still say it again, we’re not meant to invest all our discretionary income into bitcoin, investing some part of our discretionary income would be more sustainable.

I know there are folks who still invest all their discretionary income into bitcoin, and it probably would work out for them because they have some efficient plans and ways of buying and accumulating bitcoin, that they have different cashflow and they feel it’s sustainable to them to go that much aggressive and also having the mindset of being careful with their level of aggressiveness.

It is a discretionary income alot of people uses this money for things that may not add value to their life or bring any future benefits, I don't see anything wrong infact it is not a big deal if anyone decides to use and all of their discretionary income to buy Bitcoin