JJG’s Outline of Bitcoin Investment Ideas

[Zackz5000]

They can start investing money in Bitcoin without having discretionary income at beginning. They can start their investment with non discretionary income

This can be misleading mate advising newbies to invest in Bitcoin with money that is not their discretionary is bad, investing with non discretionary income is gambling which is money you can't afford to loss. Bitcoin is volatile and again profit is not guarantee so who ever investing with what that is not his discretionary income is only gambling with his money it's better not to get started if there is no discretionary income available and then get started when ever you know that you now a have discretionary income to get started with.

[Qhunman]

They can start investing money in Bitcoin without having discretionary income at beginning. They can start their investment with non discretionary income.

If people always have to wait till a time of having discretionary income to invest in Bitcoin, they will be late, and it's not a good advice.

This is very wrong, investing in bitcoin without having discretionary income is a misconception. I don't know where you learnt that from but it's a wrong idea to invest in bitcoin when you don't have discretionary income available. If you invest in bitcoin when you have not sorted out your necessary expenses it's just a matter of time before you will fall back to your bitcoin investment settle your basic needs. It is better to wait until you have descretionary income available before investing in bitcoin so that you will not dip hands into your investment to cover the cost of your basic need. We don't know what might happen to bitcoin in future  which why investing only with your discretionary income is preferable incase anything happens to bitcoin in the future you can bear the loss.

[Nheer]

I agree with you. People should lower their expectations since bitcoin is not guarantee. They should invest with what they can afford to lose so that if things isn't going as planned,they can hold and not panic sells their bitcoin stashes.
Secondly, investors should make provision for emergency fund and a reserve fund  so that if emergency occurs they will likely not sell prematurely or when it is not yet time. Because without an emergency fund and reserve fund put in place, their bitcoin investment is vulnerable if emergency occurs.

Many people are investing wrongly having the mindset full of expectations from Bitcoin, some even go as far as thinking that Bitcoin investment is guaranteed and so they have high expectations for it. Meanwhile Bitcoin investment is never guaranteed, the coin is volatile and risky as well so it should be approached with the mindset that anything can happen and nothing is promised no matter how long you hold. Investing is much better and easier when you don't have high expectations. Not having high expectations and understanding that nothing is promised deviate your mind form expectations and makes you to realize how important emergency and back up funds are in protecting your investment and avoiding premature sales.

Discretionary income for your investment capital is really important, and this important role is undeniable but it's not a mandate for any people to start their investment. They can start investing money in Bitcoin without having discretionary income at beginning. They can start their investment with non discretionary income but they must know about important of discretionary investment capital which will trigger them to build up their finance, organize their spending and financial allocation for different purposes. Then they will come to time of having their discretionary income for investment, it's good to have it for their investment practice but it's not mandatory to have at their starts.

If people always have to wait till a time of having discretionary income to invest in Bitcoin, they will be late, and it's not a good advice.

You're wrong. Discretionary income is what is essentially needed to invest, investing with money other than discretionary income you're probably putting yourself in to more problems because that means you're investing money for your essential needs and it's wrong so don't mislead people here. Maybe you don't fully understand what discretionary income is so let me explain it better to you. Discretionary income is the money left from your income after your essential needs are taken care of, It's more like your free money. And don't get it wrong, it must not be from your income, discretionary income could also be from other sources like gift, pocket money or other sources not necessarily your income as long as it's not money meant to cater for your essential needs.

To invest you must always prioritize settling your important needs first only then you can think of investing so don't later go back to taking money from your investment.

[B2Z]

The most important thing is that they understand how to investing, so they will make much better decisions. A deeper understanding of Bitcoin investment can be gained through involvement. Why are so many people too afraid to get involved in investing? They generally don't understand how and don't have a good understanding of how to invest properly. I personally didn't have a good understanding of Bitcoin when I first started, but I had a strong belief in getting involved, so I tried to take a simple approach.

Many in the doesn't understand the investment strategies of bitcoin, they queue up for bitcoin investor having in mind that it will get them rich immediately they invest in Bitcoin, investment of any kind needs research and without making research to know what you are investing on, you will not stand firm for the investment

There is actually no need to do research to invest, rather an investor can start investing only if they have some general ideas about investing. You may think that you will start investing only after getting a complete idea about investing, but this is not necessary, you should start investing because the initial stage of investing is important and after starting, you will be able to learn a lot about investing along with investing gradually.

An important thing for long-term investment is understanding financial management, you need to understand how much you are earning and how much is left after all the basic expenses. When you understand the remaining income well, then it will be easier for you to make a decision. But for those who delay in investing, they do not invest due to many problems later, so I think it is the right decision to start without delay.

Why you see people get afraid of investment is because they are not fully convinced, of what they are investing for, but if someone is convinced of what is investing on, i believe the investor will not get afraid of investment

Nothing can be won by being afraid, to be successful in life you have to take some decisions and before taking that decision you may feel that it is risky but still you have to take it. I actually don't see any reason to be afraid in investing because here he is investing in Bitcoin he is not gambling. We don't think twice about spending money on a tour with friends and we don't think twice about going to a birthday party with friends and consuming alcohol but when we go to invest we think, we actually have to change such thoughts. If you start investing from today and if you continue investing consistently for a long time then at some point this investment will be your place of strength whereas those who are enjoying the present time and not thinking about the future will regret it. So I would say that investing in Bitcoin is not a place of fear but start investing with simplicity and continue without stress.

[Popkon6]

They can start investing money in Bitcoin without having discretionary income at beginning. They can start their investment with non discretionary income

This can be misleading mate advising newbies to invest in Bitcoin with money that is not their discretionary is bad, investing with non discretionary income is gambling which is money you can't afford to loss. Bitcoin is volatile and again profit is not guarantee so who ever investing with what that is not his discretionary income is only gambling with his money it's better not to get started if there is no discretionary income available and then get started when ever you know that you now a have discretionary income to get started with.

New investors can certainly invest in Bitcoin according to their ability, because if a new investor does not have the ability to use enough money, he can start with $ 10 according to his ability. And later, if the investor's source of income is created, then his Bitcoin investment can increase it to purchase weekly.
In the current situation, he can start with a small amount of money for now, so he will be able to keep it for a long time. This is the best opportunity to continue investing for a long time.

[avp2306]

You’re absolutely right, Common sense and discretionary income are the very first things that is required to start investing in bitcoin, most especially a discretionary income, because you can’t buy bitcoin for free and you’re not meant to buy bitcoin with money that is meant for your expenses, and you don’t have to learn everything about bitcoin immediately or before you start investing in bitcoin, you can take your time as you’re starting to invest in bitcoin that is how you’re leaning along the way and gaining experiences on how to possibly invest in bitcoin, because bitcoin is very affordable as you can buy small small you don’t have to buy with all your money that you’ve available, just focus on having a discretionary income and you’re good to go with your investment.

Discretionary income for your investment capital is really important, and this important role is undeniable but it's not a mandate for any people to start their investment. They can start investing money in Bitcoin without having discretionary income at beginning. They can start their investment with non discretionary income but they must know about important of discretionary investment capital which will trigger them to build up their finance, organize their spending and financial allocation for different purposes. Then they will come to time of having their discretionary income for investment, it's good to have it for their investment practice but it's not mandatory to have at their starts.

If people always have to wait till a time of having discretionary income to invest in Bitcoin, they will be late, and it's not a good advice.

Its important because for sure that they can cover their essential needs. Compare if they don't prepare or separate some funds from their discretionary income they are entering on dangerous zone on which chances to commit bad decision is present. Especially that Bitcoin is volatile and dumps is possible to happen anytime then this sudden situation might create some issues to them.

So better used their discretionary income and try the safer approach. Better to anyone to pay attention on their essential needs first, before diving up on their investment. There's higher chance that they feel more confident if they know how to handle everything, So don't invest using majority of their income even if they said just for start, because its good to start and have momentum because we are not dealing for short term, but rather for long term. So proper decision and financial management is so important in this matter.

[Bright0515]

Discretionary income for your investment capital is really important, and this important role is undeniable but it's not a mandate for any people to start their investment. They can start investing money in Bitcoin without having discretionary income at beginning. They can start their investment with non discretionary income but they must know about important of discretionary investment capital which will trigger them to build up their finance, organize their spending and financial allocation for different purposes. Then they will come to time of having their discretionary income for investment, it's good to have it for their investment practice but it's not mandatory to have at their starts.

Investing into Bitcoin with money that's supposed to be used for ones survival is not a responsible way of investment. It's mandatory to invest into Bitcoin from your leftover money which is also known as your discretionary income. Now let's just imagine your rent is to be due in one month time and you only have money for the rent, will you buy Bitcoin with it? I don't know for you but I will not because that money is meant for survival.
Investing with your survival money will always put you in a tight conners and if any emergency situation occurs you will be forced to sell the Bitcoin you bought with your survival money, and you might sell at loss if Bitcoin DIPs.
The reason why it's advised to invest with your leftover money which is your discretionary income is because you won't have to complete your survival with investment.

Actually, Bitcoin is not a one time chance which you will be scared of missing, if you can't afford to invest today that doesn't mean you can't in the future when you have spare money. Well, I get the point that you might be scared of missing out some opportunities but trust me you don't have to risk that with your survival. Besides if you rush into Bitcoin investment without a preparation (knowing your survival money and your discretionary income) you won't hodl or accumulate for long cuz you made a bad decision earlier, moreover those set of investors who rush into Bitcoin investment with their survival money end up selling out of panic (fear).

Discretionary income is important and it's necessary when starting investment (unless you are planning to sell of whenever you have an emergency). I get the fact that not everyone have the same financial challenges, as some may have minimal financial responsibilities but still there are times for emergencies, when it occurs and you don't have emergency funds because you are not investing from your leftover money then you have to sell your Bitcoin to resolve the emergency.
Actually, it's obvious that those who are not investing from their discretionary income (leftover money) are likely to be buying Bitcoin from their emergency funds.
As an investor, you need to cover up your basic needs, set some money for emergency and Aldi try to reduce dept or instead clear them all if you can then any other money that's remains should be what you can you to invest in Bitcoin. Even though the money that remains is too small, you need can buy Bitcoin with it because you are not buying a whole Bitcoin at that moment, besides starting small helps build discipline and consistency.

Actually, I believe starting Bitcoin investment early without being consistent doesn't add anything because many people have also start early and they also quit early. I guess the reason why they quit or sell early is because they don't have any financial breathing space, as they are tied up with depts and only money for survival (as they don't have any spare money yet).
Instead of rushing into the market and end up quiting early without achieving anything, you should rather think of how to increase your source of income and also cut down unnecessary expenses.

If people always have to wait till a time of having discretionary income to invest in Bitcoin, they will be late, and it's not a good advice.

It's better to start small and wisely than to start investment without achieving anything at the end.

[Rockson1]

They can start investing money in Bitcoin without having discretionary income at beginning. They can start their investment with non discretionary income

You are not making sense at all but did you actually say this? How will you advice that newbies can start investing without having discretionary income from the onset, do you want their investment to be put in jeopardy, is it that you do not know what discreationary income is, I'm beginning to think that you do not know the term discreationary income  because if you do, there is no way that you will not know that in every little income there is a discreationary income so what do you mean, do you know that in rea sense what non discreationary income means is the whole income itself? So are you advicing people to invest with all what they habe without figuring out their left discretionary income which is the actual funds we need to invest in Bitcoin?

[Dogedegen]

Historically, part of the more fundamental problems from trading come from both a waiting mentality (that results in way less aggressive ongoing buying of bitcoin) and also from selling too much too soon with an asset (like bitcoin) that has had both an ongoing upwards price trajectory, and even sometimes periods of quite considerably explosive upward price movements that end up serving as an upward stair-stepping in which the BTC price doe not ever end up returning to the lower step prices that seemed to have had been ongoingly available, until those prices are never ever ever going to happen again... ..

If we also consider those that have been dismissive of Bitcoin for one reason or another, like those that think it is a scam or stuff like that into the category of waiting then it would be quite big. From one side of the perspective there are reason not to consider it into this group, but then also it should be remembered that there have been many cases of such people who were no coiners who later turned into coiners. So we could say from this perspective that they were in the waiting category, and because of their wrong beliefs they have failed to buy a lot more Bitcoin at better prices than what they could.. I would only separate people who really did not encounter Bitcoin at all from these, but these days I would be surprised to find more than a handful of people who could fall into this category. Very old people or people who don't use the internet maybe, but Bitcoin has had its rounds of being in the main media spotlight so I expect most to have at least heard the name..

Hearing the name hardly means anything in regards to understanding what bitcoin is.

But we were not talking about understanding what Bitcoin is. We were talking about the time of old and low prices that are never going to come back, and I was merely trying to explain in connection that Bitcoin is now a widely circulated name. It finds itself in a very different position that it use to be, and it is not going to go back which aligns with your own statement. We used to be in times where the word Bitcoin gave you blank stares, almost nobody has even heard about it. Now we are in the second step we could say where many have heard of it but they do not know what it does or do not understand it correctly. One day we will reach a stage where many people have heard it, understand it and know it. If you are young enough and live healthy that may happen in your lifetime.

Without outlining the exact profile of the guys who sold too much too soon at the various BTC  price plateau points that I mentioned, part of my point is that they likely were in decently great profits at the time of their sale, yet retroactively we see that the price ended up going up and then never returning back down.. os then they are potentially turned into a bitter low coiner or worse yet, a bitter no coiner.

You are right about this for sure and I know a few examples from spending time in some of these communities. I think some people that are on that anti Bitcoin subbreddit called buttcoin are also like this. One time I was reading some big thread over there, it was basically asking them from their own community members under what condition would they admit that they have been wrong about Bitcoin? If you know that subbredit or not is not important, but they call it a scam in general. Basically most members wrote something in the lines of that no matter what price it reaches they will never admit to being wrong. Just imagine how sour a person has to be about something, to be so against a specific thing? Whether it is Bitcoin or something else, that hatred and bitterness is strong.

We cannot know those price points in advance, including, we cannot really know if sub $65k is ever going to be touched again, even though when we have been largely teetering between $64k and $72k for the past two months, it can become difficult to know if the ultimate breakout is going to be up or down, even though in retrospect it will seem more obvious than it does right now, as we are going through the torture of waiting.. to the extent that we are waiting... and surely, it is my position that any newbies should be ongoingly buying at these prices whether they expect more down or not, even though surely there are going to be guys who place too much likelihood on lower BTC price targets that may or may not end up getting touched upon.

These things in retrospect always look obvious, that is a trick that our brain likes to play on us. Suddenly many people pretend to have known exactly what was going to happen even if they did not use the opportunity to make life changing trades with this knowledge that they allegedly had. We must be very careful when we consider the price movements both in time span and price, so the short-term predictions are the most dangerous and so are exact prices. It is better to say it may drop another 5-10% in the coming months than to say it will be $64500 on April 20th of this year and do things in accordance with that prediction. Being too invested in these predictions opens us up for errors in our strategies of accumulation or even in selling strategies.

I agree, even if sometimes a move like that may work out because of sheer luck and that is a big cause of this problem. People use examples of luck to validate their ideas and beliefs, when lucky outcomes prove the opposite so that it was not a good idea.

They often do that and it is not a good thing, it leads us down a road of false expertise or being able to predict the future. From one part I understand because it is tricky if you want to be honest about it. How do I make a difference between knowing something and being lucky that my ideas were confirmed? It is not always as simple as it seems.

[Nheer]

There is actually no need to do research to invest, rather an investor can start investing only if they have some general ideas about investing. You may think that you will start investing only after getting a complete idea about investing, but this is not necessary, you should start investing because the initial stage of investing is important and after starting, you will be able to learn a lot about investing along with investing gradually.

An important thing for long-term investment is understanding financial management, you need to understand how much you are earning and how much is left after all the basic expenses. When you understand the remaining income well, then it will be easier for you to make a decision. But for those who delay in investing, they do not invest due to many problems later, so I think it is the right decision to start without delay.

As long as you are able to get discretionary income you should start investing right away. Knowledge or understanding the the whole idea shouldn't stop you from Investing or delay your investment, you can learn about anything as you are already Investing no need to know much about it. Best knowledge is gained from personal experience from investment so that's why it is not necessary to learn before investing.

New investors can certainly invest in Bitcoin according to their ability, because if a new investor does not have the ability to use enough money, he can start with $ 10 according to his ability. And later, if the investor's source of income is created, then his Bitcoin investment can increase it to purchase weekly.
In the current situation, he can start with a small amount of money for now, so he will be able to keep it for a long time. This is the best opportunity to continue investing for a long time.

There's no need to force your investment amount, infact it doesn't usually end well when you invest more than you can afford to lose or invest outside your discretionary income. It's never advisable to use part of the money for your essential needs to invest just because you think you are not investing much, Invest with whatever you can afford first and look for other source of income in order to increase your investment amount.

[Merit.s]

If people always have to wait till a time of having discretionary income to invest in Bitcoin, they will be late, and it's not a good advice.

It's better to wait till you have a discretionary income before you invest in bitcoin because that's the right thing to do. Avoiding starting late isn't a good reason for you to invest with money for your basic needs and monthly expenses because you are even putting yourself under financial pressure because when your needs arises you will sell at loss should incase, Bitcoin is below your entry point and you will call bitcoin a scam.

It's only when your discretionary income is available and you don't want to buy or you are waiting for the dip is bad but if you don't have any discretionary income, you are not late to bitcoin investment because you don't have what it takes to invest. Only invest with the money you can afford to lose if not, you are gambling and you will get burnt at the end.

[Emjay24]

You’re absolutely right, Common sense and discretionary income are the very first things that is required to start investing in bitcoin, most especially a discretionary income, because you can’t buy bitcoin for free and you’re not meant to buy bitcoin with money that is meant for your expenses, and you don’t have to learn everything about bitcoin immediately or before you start investing in bitcoin, you can take your time as you’re starting to invest in bitcoin that is how you’re leaning along the way and gaining experiences on how to possibly invest in bitcoin, because bitcoin is very affordable as you can buy small small you don’t have to buy with all your money that you’ve available, just focus on having a discretionary income and you’re good to go with your investment.

Discretionary income for your investment capital is really important, and this important role is undeniable but it's not a mandate for any people to start their investment.

It is a necessity that investors should identify to having discretionary income prior to starting out their investment into Bitcoin.  If an investor doesn't yet have discretionary income, then he should not invest because it's not a good practice and if they he uses funds for his expenses to invest, then his portfolio is at risk of being tampered when the need to attend to such expenses arises. If they go ahead to invest for short-term gains pending the time of the expense, then they may be shooting themselves on the foot since Bitcoin price is volatile and the need may arise when Bitcoin price is below their entry point and they'll be forced to sell at a loss

They can start investing money in Bitcoin without having discretionary income at beginning. They can start their investment with non discretionary income but they must know about important of discretionary investment capital which will trigger them to build up their finance, organize their spending and financial allocation for different purposes.

If you start your Bitcoin investment journey on a wrong practice as such, then it's obvious you cannot sustain that practice for long, it's important they start with their discretionary income so they're investing from a place of comfort and not doing the wrong thing. If they don't have discretionary income but wish to invest, then such an investor may need to workaround his income to increase it or find ways to cut down expenses so he's sure of having discretionary income in order to start.

[Joy- maker]

Discretionary income for your investment capital is really important, and this important role is undeniable but it's not a mandate for any people to start their investment. They can start investing money in Bitcoin without having discretionary income at beginning. They can start their investment with non discretionary income but they must know about important of discretionary investment capital which will trigger them to build up their finance, organize their spending and financial allocation for different purposes. Then they will come to time of having their discretionary income for investment, it's good to have it for their investment practice but it's not mandatory to have at their starts.

If people always have to wait till a time of having discretionary income to invest in Bitcoin, they will be late, and it's not a good advice.

I disagree with you on this one, Because if you are not investing in Bitcoin with your discretionary income what fund are you investing in Bitcoin? Are you investing in Bitcoin with money you will be needing anything soon? Or memory meant for your basic needs and expenses? Buddy always have it at the back of your mind that Bitcoin investment is a game of patient, it will take years before you can profit from Bitcoin if you are investing for long term. And as someone who is investing in bitcoin for long term the money you should be investing is the one you won't be needing anything soon. Or you can as well buy regularly with your discretionary income (leftover money) after settling your basic needs and expenses.

[UpTober]

They can start investing money in Bitcoin without having discretionary income at beginning. They can start their investment with non discretionary income

This can be misleading mate advising newbies to invest in Bitcoin with money that is not their discretionary is bad, investing with non discretionary income is gambling which is money you can't afford to loss. Bitcoin is volatile and again profit is not guarantee so who ever investing with what that is not his discretionary income is only gambling with his money it's better not to get started if there is no discretionary income available and then get started when ever you know that you now a have discretionary income to get started with.

New investors can certainly invest in Bitcoin according to their ability, because if a new investor does not have the ability to use enough money, he can start with $ 10 according to his ability. And later, if the investor's source of income is created, then his Bitcoin investment can increase it to purchase weekly.
In the current situation, he can start with a small amount of money for now, so he will be able to keep it for a long time. This is the best opportunity to continue investing for a long time.

In order to invest in a new situation, investors need to understand what their expenses are compared to their income and how much money is left after excluding basic expenses. You said here that an investor can start investing with $10, then it is safe for him, but if the financial condition of an investor is worse than this, that is, if an investor cannot meet his basic needs with his income, but if he has to borrow at the end of the month, then it will be difficult for him to manage this $10. But if an investor invests by understanding his expected income, then he will be able to maintain the continuity of that investment with ease and he will be able to maintain his investment for a long time. I think these investment issues are very important in long-term investment, yes, after investing, the investment may be a little irregular, this is not a problem, but the problem arises when an investor cannot continue the investment, but when he sells his investment. If an investor sells his investment, then the purpose of investment ends there. 
In a new situation, the investor can start with a small amount of money, understanding his expected income, because it will be better for him to start with a small amount of money in a new situation, and gradually when he learns more about investing and when he sees that his income is increasing, he can increase the amount of investment.

You’re absolutely right, Common sense and discretionary income are the very first things that is required to start investing in bitcoin, most especially a discretionary income, because you can’t buy bitcoin for free and you’re not meant to buy bitcoin with money that is meant for your expenses, and you don’t have to learn everything about bitcoin immediately or before you start investing in bitcoin, you can take your time as you’re starting to invest in bitcoin that is how you’re leaning along the way and gaining experiences on how to possibly invest in bitcoin, because bitcoin is very affordable as you can buy small small you don’t have to buy with all your money that you’ve available, just focus on having a discretionary income and you’re good to go with your investment.

Discretionary income for your investment capital is really important, and this important role is undeniable but it's not a mandate for any people to start their investment. They can start investing money in Bitcoin without having discretionary income at beginning. They can start their investment with non discretionary income but they must know about important of discretionary investment capital which will trigger them to build up their finance, organize their spending and financial allocation for different purposes. Then they will come to time of having their discretionary income for investment, it's good to have it for their investment practice but it's not mandatory to have at their starts.

If people always have to wait till a time of having discretionary income to invest in Bitcoin, they will be late, and it's not a good advice.

Its important because for sure that they can cover their essential needs. Compare if they don't prepare or separate some funds from their discretionary income they are entering on dangerous zone on which chances to commit bad decision is present. Especially that Bitcoin is volatile and dumps is possible to happen anytime then this sudden situation might create some issues to them.

So better used their discretionary income and try the safer approach. Better to anyone to pay attention on their essential needs first, before diving up on their investment. There's higher chance that they feel more confident if they know how to handle everything, So don't invest using majority of their income even if they said just for start, because its good to start and have momentum because we are not dealing for short term, but rather for long term. So proper decision and financial management is so important in this matter.

It is a good and effective decision for investors to use discretionary income. In addition to investing with discretionary income, if the investor saves some amount of money from this income and sets aside that money for an emergency fund, then this will also be another good decision for the investor because the emergency fund will definitely give the investor confidence and the support so that the investment does not have to be sold in case of sudden need can be obtained from this emergency fund. When those who do not have an emergency fund are in financial danger, they may want to save themselves from the danger by managing their money in other ways, but when an investor cannot be saved from the danger in any way and when there is no way open to him, he may decide to sell.
Therefore, so that the investor does not have to come to this decision, the investor can form an emergency fund.

[Proty]

They can start investing money in Bitcoin without having discretionary income at beginning. They can start their investment with non discretionary income

This can be misleading mate advising newbies to invest in Bitcoin with money that is not their discretionary is bad, investing with non discretionary income is gambling which is money you can't afford to loss. Bitcoin is volatile and again profit is not guarantee so who ever investing with what that is not his discretionary income is only gambling with his money it's better not to get started if there is no discretionary income available and then get started when ever you know that you now a have discretionary income to get started with.

For sure this is wrong because it is not a good idea for a newbie to start accumulating bitcoin using money that is not there discretionionary income. Putting money that is meant for our expenses into bitcoin investment will leads to selling out our bitcoin or tempering with our investment when we never plan to . Therefore it is very wrong and misleading as you have said for him to advise newbies to invest in bitcoin with money that is not there discretionionary income.

[Baki202]

They can start investing money in Bitcoin without having discretionary income at beginning. They can start their investment with non discretionary income

This can be misleading mate advising newbies to invest in Bitcoin with money that is not their discretionary is bad, investing with non discretionary income is gambling which is money you can't afford to loss. Bitcoin is volatile and again profit is not guarantee so who ever investing with what that is not his discretionary income is only gambling with his money it's better not to get started if there is no discretionary income available and then get started when ever you know that you now a have discretionary income to get started with.

For sure this is wrong because it is not a good idea for a newbie to start accumulating bitcoin using money that is not there discretionionary income. Putting money that is meant for our expenses into bitcoin investment will leads to selling out our bitcoin or tempering with our investment when we never plan to . Therefore it is very wrong and misleading as you have said for him to advise newbies to invest in bitcoin with money that is not there discretionionary income.

This is one of the reasons why people need to be prepared a lot of people make decisions without proper analysis of convinces because if you are using money that your suppose to use foe expenses into bitcoin then just as you said you are going to end up selling it because how do you plan to survive for someone to conveniently invest in bitcoin the person most one way or the other be ready to use the DCA method and then follows by the emergency funds and that is why it is always clear to have a source of income before the commencement of investing.

We know how newbies will want to do everything in there power just to hold which is a beautiful thing  but to hold for a long time becomes a problem that is why all this things are suppose to be look into because no matter what it might be the main purpose you holding should be that you will only sell when you have made profit anything aside that you will only continue to accumulate more through the DCA method.

All this are part of planning so when you are planning you have to plan very well so that you don't end up selling what you have been working for a long time. And it is better the newbies understand all this kind of things so that when they are in business it won't be as if they are not informed.

[Brizi5000]

You’re absolutely right, Common sense and discretionary income are the very first things that is required to start investing in bitcoin, most especially a discretionary income, because you can’t buy bitcoin for free and you’re not meant to buy bitcoin with money that is meant for your expenses, and you don’t have to learn everything about bitcoin immediately or before you start investing in bitcoin, you can take your time as you’re starting to invest in bitcoin that is how you’re leaning along the way and gaining experiences on how to possibly invest in bitcoin, because bitcoin is very affordable as you can buy small small you don’t have to buy with all your money that you’ve available, just focus on having a discretionary income and you’re good to go with your investment.

Discretionary income for your investment capital is really important, and this important role is undeniable but it's not a mandate for any people to start their investment. They can start investing money in Bitcoin without having discretionary income at beginning. They can start their investment with non discretionary income but they must know about important of discretionary investment capital which will trigger them to build up their finance, organize their spending and financial allocation for different purposes. Then they will come to time of having their discretionary income for investment, it's good to have it for their investment practice but it's not mandatory to have at their starts.

If people always have to wait till a time of having discretionary income to invest in Bitcoin, they will be late, and it's not a good advice.

you have been registered on this forum since three years ago and i dont know why this kind of idea is emanating from you. it has been discussed in this thread and every other bitcoin investment thread that the most important thing needed to start investing in bitcoin is a discretionary income and of which reasons have been given as to ascertain why its advisable only to invest with our discretionary income as this is the money remaining after settling our basic financial expenses. so are you now trying to say that we should forget about settling our basic financial expenses and use the money to start investing in bitcoin, what do you think will happen to us if we do so, dont you know that we will be forced to sell that bitcoin too early to get money to foot our bills, foods, shelter etc. and knowing how volatile bitcoin is dont you think that the person might also be selling it at a huge loss and by that time whats the essence of starting the investment in the first place, no need of starting because you will sell it the next minute again as you are hit with basic financial needs. this pattern is no longer an investment but i see it as gambling which is going to more riskier, anyone without a discretionary income should not rush to invest in bitcoin.

[Byebyebtc]

They can start investing money in Bitcoin without having discretionary income at beginning. They can start their investment with non discretionary income

This can be misleading mate advising newbies to invest in Bitcoin with money that is not their discretionary is bad, investing with non discretionary income is gambling which is money you can't afford to loss. Bitcoin is volatile and again profit is not guarantee so who ever investing with what that is not his discretionary income is only gambling with his money it's better not to get started if there is no discretionary income available and then get started when ever you know that you now a have discretionary income to get started with.

Investing with your non discretionary income isn't necessarily a gamble, it's just high risk which isn't good.

Nevertheless it is better to have a good and reliable job before you start investing in Bitcoin, it is a long term investment so what ever Money you put inside, should be partially forgotten about, and you aren't financially capable enough to forget about a significant amount of money, without it affecting you, then you should get a better income.

[khiholangkang]

They can start investing money in Bitcoin without having discretionary income at beginning. They can start their investment with non discretionary income

Don't force yourself over the inability to invest, for someone who doesn't have discretionary income it is better to first increase personal income, after basic needs are met then we have money left over from income called discretionary income which can be used for investment.
Basic needs are daily demands that must be spent do not use it for investment because it can find failure in investing in bitcoin especially when the price drops, it will cause panic and regret for investing, which should be when we already have discretionary income and when bitcoin has decreased instead we will be eager to accumulate bitcoin because we have more money that can be spent without worrying about our main needs.

[Showlove01]

They can start investing money in Bitcoin without having discretionary income at beginning. They can start their investment with non discretionary income

This can be misleading mate advising newbies to invest in Bitcoin with money that is not their discretionary is bad, investing with non discretionary income is gambling which is money you can't afford to loss. Bitcoin is volatile and again profit is not guarantee so who ever investing with what that is not his discretionary income is only gambling with his money it's better not to get started if there is no discretionary income available and then get started when ever you know that you now a have discretionary income to get started with.

Investing with your non discretionary income isn't necessarily a gamble, it's just high risk which isn't good.

Nevertheless it is better to have a good and reliable job before you start investing in Bitcoin, it is a long term investment so what ever Money you put inside, should be partially forgotten about, and you aren't financially capable enough to forget about a significant amount of money, without it affecting you, then you should get a better income.

Two things are involve when you use money outside your discrestionary income to invest in Bitcoin which are : either you are gamblling or you did that out of ignorant because there are people today that doesn't know how to get their discretionary and there are also some that doesn't even know that it is discretionary income they are suppose to use while some intentionally use money outside their discretionary income to invest with the intention to make quick profit ( gambling or trading) and whether these folks did it intentionally or not it is wrong to do that and Bitcoin won't look at their face. Your work must not be good or reliable but rather any income that can give you a discrestionary income is cool.