JJG’s Outline of Bitcoin Investment Ideas

[Omj1014]

I see all this talk about waiting till you have a discretionary income before you start investing, it's a good idea it helps mostly if you don't have a lot of money coming in, but in my opinion and experience you don't have to wait you just to start, life is all about risk taking, fortune favors the brave 90% of the time.
Once you take that first risky step you feel more confident about the journey ahead.

[Sim_card]

I see all this talk about waiting till you have a discretionary income before you start investing, it's a good idea it helps mostly if you don't have a lot of money coming in, but in my opinion and experience you don't have to wait you just to start, life is all about risk taking, fortune favors the brave 90% of the time.
Once you take that first risky step you feel more confident about the journey ahead.

You cannot just get started without a discretionary income because if you invest with any more that's not your discretionary, you are gambling and will sell those bitcoin when your need arises, poor you if the price of bitcoin is below the amount you bought then because you will sell at loss.

It's only your discretionary income that you should use to invest into bitcoin because it's the amount money that you can afford to lose and when you invest with your discretionary income, it will be easy for you to hodli for a long term. It's also your discretionary income that you will use to set up your emergency funds and several backup funds.

New investors shouldn't invest when they don't have a discretionary income. Before investing, they should figure out if they have a discretionary income.

[cxtreenal]

I see all this talk about waiting till you have a discretionary income before you start investing, it's a good idea it helps mostly if you don't have a lot of money coming in, but in my opinion and experience you don't have to wait you just to start, life is all about risk taking, fortune favors the brave 90% of the time.
Once you take that first risky step you feel more confident about the journey ahead.

You may see discussions about accumulating Bitcoin through discretionary income. Another strategy is sometimes discussed. This includes discretionary funds. The main point of this fund is that if you do not have a steady source of income, you can also accumulation Bitcoin through a discretionary fund. You may not be able to do this regularly but you can develop a habit of Bitcoin. In the future as you gain earning capacity you can accumulate Bitcoin regularly through discretionary income. There are many students or many folk who do not have a steady source of income but they get a fund from their family to meet their personal expenses. This fund is called a discretionary fund.

[cyberninja2]

And so frequently we talk about getting started investing in bitcoin, yet there surely can be some problems if after getting started the investor wannabe guy cannot figure out ways to ongoingly earn enough income to cover all of his expenses so that he has extra and is able to both continue to build his bitcoin stash and his back up funds and also to try to figure out ways to keep buffers in place so that he will be able to continue to invest (and at least hold) his bitcoin for 4-10 years or longer... and I also frequently suggest that guys should be attempting to hold their bitcoin for 10 years or longer, unless they have age and/or health issues that might end up causing them inabilities to commit to investing in bitcoin 10 years or longer.

It is true that we often discuss or tell about how to start investing in Bitcoin and for me it is normal for us to have a discussion here because there are also some like investors who always find it difficult to find or get enough income for them with the aim of meeting and covering their expenses because sometimes they are capable from other areas but the area of ​​expenses is certainly a little difficult for them to cover the expenses they make so that it is quite felt for them that the cash flow they have cannot be fully covered which however this also has an effect on investors in storing Bitcoin which we know together they when doing it still use a long-term method meaning there must be time for them to invest Bitcoin with a time of 10 years or more than the target.

[JayJuanGee]

I see all this talk about waiting till you have a discretionary income before you start investing, it's a good idea it helps mostly if you don't have a lot of money coming in, but in my opinion and experience you don't have to wait you just to start, life is all about risk taking, fortune favors the brave 90% of the time.
Once you take that first risky step you feel more confident about the journey ahead.

Don't be retarded.  This thread is about investing not trading or gambling... so fuck off with your nonsense to suggest that discretionary income is not necessary to invest.

Do you even know what you are talking about? If you would be using money that is non-discretionary, then that means that such money is already determined to be needed for expenses, so why the fuck would anyone put that money into bitcoin and then wait until the expenses are due in order to cash out the money to pay for the bills? Maybe you should think about the contents of your posts so that you can at least attempt to stay on the topic of the thread... and take your trading and/or gambling nonsensical ideas to some other thread.

By the way, even in investing there is risk, so there surely are benefits in being willing to take some risks - especially since in investing money may well be intended to be locked up for 4-10 years or longer, yet none of us should be so irresponsible as to take money that we know that we need, since there couldn't be any intention to be locking such money up for 4-10 years or longer and with investment intentions.

And so frequently we talk about getting started investing in bitcoin, yet there surely can be some problems if after getting started the investor wannabe guy cannot figure out ways to ongoingly earn enough income to cover all of his expenses so that he has extra and is able to both continue to build his bitcoin stash and his back up funds and also to try to figure out ways to keep buffers in place so that he will be able to continue to invest (and at least hold) his bitcoin for 4-10 years or longer... and I also frequently suggest that guys should be attempting to hold their bitcoin for 10 years or longer, unless they have age and/or health issues that might end up causing them inabilities to commit to investing in bitcoin 10 years or longer.

It is true that we often discuss or tell about how to start investing in Bitcoin and for me it is normal for us to have a discussion here because there are also some like investors who always find it difficult to find or get enough income for them with the aim of meeting and covering their expenses because sometimes they are capable from other areas but the area of ​​expenses is certainly a little difficult for them to cover the expenses they make so that it is quite felt for them that the cash flow they have cannot be fully covered which however this also has an effect on investors in storing Bitcoin which we know together they when doing it still use a long-term method meaning there must be time for them to invest Bitcoin with a time of 10 years or more than the target.

Of course, a person who has a regular job (and maybe even more than one source of income that he gets through his labor or other participation), he has more assurances that his income is going to continue to come in, unless he gets injured or somehow loses his ability to contribute and/or to participate, even though there are also some jobs that might even have certain benefits that involve an ability to continue to get paid up until a certain amount of time of non-contribution - which would be like sick leave so there could be some assurance about the income continuing to come in.. for at least a certain period of time for some folks.

Guys who have less certainty, and even guys who might have to solicit their employment on regular basis, they might have a lot of difficulties to be able to have confidence in how much income that they are going to have coming in from week to week and even from month to month, so they likely are going to be in a much better place to feel comfortable investing if they have already built up a cash cushion.. since their main dilemma remains a bit of a dilemma in regards to whether they are going to have discretionary funds down the road, so even if they currently hold some money that could arguably be considered to be discretionary funds, they might not enjoy enough confidence to be able to lock that money up into bitcoin - which surely relates to both how much they already have in their reserves (or their back up funds) and/or their certainty (or lack thereof) regarding income and/or expenses into the future.

[Derekfunds]

I see all this talk about waiting till you have a discretionary income before you start investing, it's a good idea it helps mostly if you don't have a lot of money coming in, but in my opinion and experience you don't have to wait you just to start, life is all about risk taking, fortune favors the brave 90% of the time.
Once you take that first risky step you feel more confident about the journey ahead.

I have not seen anything like waiting to get discretionary income before starting Bitcoin investment but rather what we have talked about for long is that one should not wait for dip before they should start their investment in Bitcoin because no one knows when Dip will come and we can not predict how or what the dip would look like. Back to discretionary income, you don't have to wait for discretionary income rather you can sort it out yourself from your source of income and it is necessary to use it for our Bitcoin accumulation to avoid unnecessary drama later.

[cyberninja2]

Of course, a person who has a regular job (and maybe even more than one source of income that he gets through his labor or other participation), he has more assurances that his income is going to continue to come in, unless he gets injured or somehow loses his ability to contribute and/or to participate, even though there are also some jobs that might even have certain benefits that involve an ability to continue to get paid up until a certain amount of time of non-contribution - which would be like sick leave so there could be some assurance about the income continuing to come in.. for at least a certain period of time for some folks.

If the time has come that whatever is done can no longer be done because by experiencing an injury that makes a person unable to continue his activities so that this makes a person lose everything and even a person's guarantee when there is a contribution to something that makes many people there may be benefits for him personally so this is a form of the word benefit that is needed because why is it that when we experience an injury that makes us unable to provide benefits to others, of course that is where the name of the guarantee for someone who experiences the injury is no longer taken into account in the form of a guarantee.

Guys who have less certainty, and even guys who might have to solicit their employment on regular basis, they might have a lot of difficulties to be able to have confidence in how much income that they are going to have coming in from week to week and even from month to month, so they likely are going to be in a much better place to feel comfortable investing if they have already built up a cash cushion.. since their main dilemma remains a bit of a dilemma in regards to whether they are going to have discretionary funds down the road, so even if they currently hold some money that could arguably be considered to be discretionary funds, they might not enjoy enough confidence to be able to lock that money up into bitcoin - which surely relates to both how much they already have in their reserves (or their back up funds) and/or their certainty (or lack thereof) regarding income and/or expenses into the future.

This may be because it's very frustrating to have such an income if it occurs. Instead of being more comfortable earning income from many different activities it's actually the opposite. Hehe.
It's incredibly difficult to invest if it happens as you say. Currently with some people's incomes being quite limited many people aren't unwilling to invest. However their income is certainly sufficient to meet their family's needs which is a basic necessity for someone who already has it. With many jobs there's no comfort at all due to limitations and uncertainty which makes it difficult for them to invest in Bitcoin for their future.

[NewRevelation]

You may see discussions about accumulating Bitcoin through discretionary income. Another strategy is sometimes discussed. This includes discretionary funds.

Please note that discretionary income and/or funds is not a strategy of accumulating Bitcoin, nope. It is the money left and/or remaining after settlement of basic needs, and that's what you use to accumulate your bitcoin and also from it build your emergency funds and other back up funds needed for your investment journey to avoid panic or pressure during your accumulation season.

The main point of this fund is that if you do not have a steady source of income, you can also accumulation Bitcoin through a discretionary fund.

Common on! You sound as though your discretionary income is another money Altogether that does not come from your main income, and that's wrong and can be misleading. Firstly, you need income, and from that income, after settlement basic needs, then what you have left with you becomes your discretionary income, and with it, you can begin your accumulation process. And it is more advisable you begin your accommodation using the DCA strategy, a strategy that makes investment much more easier, especially for low income earners and people who do not have steady income as you mentioned earlier. Your point should be, if you don't have a steady income supply, you could still accumulate bitcoin, because whenever you get an income, you must first Settle your needs, and then get your discretionary income with which you can invest with.

There are many students or many folk who do not have a steady source of income but they get a fund from their family to meet their personal expenses. This fund is called a discretionary fund.

You are getting things mixed up and this might mislead other newbies who have no strong knowledge about the use of these terms. Firstly, the money you use to meet your basic needs aren't your discretionary. That comes from your basic salary, and after meeting these basic needs, it is the money left that is called discretionary and thats what you invest with..

Secondly, taking money from family to settle your needs and then invest with it sounds like someone who is still dependent on family to survive, and investing with money that you didn't earn or work for or better still isn't your own isn't right because as we all know, bitcoin price isn't always steady,  and profit isn't promised at any given time. So what if the price falls, what do you say or what will be your next line of action? I think it's best you earn and invest with your money other than depending on family for your investment

[JayJuanGee]

Of course, a person who has a regular job (and maybe even more than one source of income that he gets through his labor or other participation), he has more assurances that his income is going to continue to come in, unless he gets injured or somehow loses his ability to contribute and/or to participate, even though there are also some jobs that might even have certain benefits that involve an ability to continue to get paid up until a certain amount of time of non-contribution - which would be like sick leave so there could be some assurance about the income continuing to come in.. for at least a certain period of time for some folks.

If the time has come that whatever is done can no longer be done because by experiencing an injury that makes a person unable to continue his activities so that this makes a person lose everything and even a person's guarantee when there is a contribution to something that makes many people there may be benefits for him personally so this is a form of the word benefit that is needed because why is it that when we experience an injury that makes us unable to provide benefits to others, of course that is where the name of the guarantee for someone who experiences the injury is no longer taken into account in the form of a guarantee.

Part of the reason that we might have various amounts of back up funds is to cover situations in which income might go down and/or expenses might go up.

And an injury, disability or incapacitation does not need to be permanent, and so there are likely situations that are temporary, but income could go down and/or expenses could go up.

Each of us should be attempting to prepare in accordance with our own circumstances, and surely if a person had already investing in bitcoin for several years,. then they might have already built up their bitcoin investment to a decent amount, and they also may have had built up back up funds that would cover several months of their expenses, so if they had a disability or incapacitation that was not clear in regards to its duration, then they might spend from certain funds before other funds, and perhaps if 6 months or more pass and they still are not able to return to work, maybe at that point they run out of all back up funds, and they have no choice but to start to tap into their bitcoin.

Guys who have less certainty, and even guys who might have to solicit their employment on regular basis, they might have a lot of difficulties to be able to have confidence in how much income that they are going to have coming in from week to week and even from month to month, so they likely are going to be in a much better place to feel comfortable investing if they have already built up a cash cushion.. since their main dilemma remains a bit of a dilemma in regards to whether they are going to have discretionary funds down the road, so even if they currently hold some money that could arguably be considered to be discretionary funds, they might not enjoy enough confidence to be able to lock that money up into bitcoin - which surely relates to both how much they already have in their reserves (or their back up funds) and/or their certainty (or lack thereof) regarding income and/or expenses into the future.

This may be because it's very frustrating to have such an income if it occurs. Instead of being more comfortable earning income from many different activities it's actually the opposite. Hehe.
It's incredibly difficult to invest if it happens as you say. Currently with some people's incomes being quite limited many people aren't unwilling to invest. However their income is certainly sufficient to meet their family's needs which is a basic necessity for someone who already has it. With many jobs there's no comfort at all due to limitations and uncertainty which makes it difficult for them to invest in Bitcoin for their future.

Surely some folks do not invest, even if they are capable of investing.

Bitcoin is available to anyone with discretionary funds, yet they still may well need to spend time to learn about bitcoin.. and of course, I frequently suggest that everyone should consider acting to invest in bitcoin as long as they have discretionary funds.  yet at the same time, every person is free to make up their own mind about whether they want to invest in bitcoin and also if so, then how and how much.

[CageMabok]

I see all this talk about waiting till you have a discretionary income before you start investing, it's a good idea it helps mostly if you don't have a lot of money coming in, but in my opinion and experience you don't have to wait you just to start, life is all about risk taking, fortune favors the brave 90% of the time.
Once you take that first risky step you feel more confident about the journey ahead.

Taking a risk on something you already understand is good, but it should also be based on careful consideration, as even such bold people can easily become frustrated when there's no return on their self-made steps. Investing for the future isn't just about how brave someone is to do it without waiting for a more stable income, but also about how consistently someone can invest without sacrificing one or more other aspects of their life. Because from what I have seen so far, every person who has a larger cash income regularly in their life, that person can more easily distribute it into several things, including investments with a more mature plan and more focused risk considerations.

[Joeboy]

.

There are many students or many folk who do not have a steady source of income but they get a fund from their family to meet their personal expenses. This fund is called a discretionary fund.

You are getting things mixed up and this might mislead other newbies who have no strong knowledge about the use of these terms. Firstly, the money you use to meet your basic needs aren't your discretionary. That comes from your basic salary, and after meeting these basic needs, it is the money left that is called discretionary and thats what you invest with..

Secondly, taking money from family to settle your needs and then invest with it sounds like someone who is still dependent on family to survive, and investing with money that you didn't earn or work for or better still isn't your own isn't right because as we all know, bitcoin price isn't always steady,  and profit isn't promised at any given time. So what if the price falls, what do you say or what will be your next line of action? I think it's best you earn and invest with your money other than depending on family for your investment

Discretionary income doesn't have to come from salaries alone, this is what very well make Bitcoin investment so possible for teenagers and student who are still dependent on their parent...You have to understand that any money that you can part with or afford to lose, could still count as your discretionary income... So this mean that I could still be student who is dependent on my family by collecting monthly or weekly or daily allowance and still be able to have a discretionary income to buy Bitcoin, if of course I am able to reduce my expenses so as to have some extra money left that I could very well afford to lose...

[alankasman]

I don't think it's right for us to sharing our income into 2 equal parts as you mentioned above(Spending 50% for our needs & 50% for our investment), without first talking care of our personal and/or basic needs because doing such might affect your ability to meet up your weekly or monthly needs since you have shared your income without handling and settling your basic needs.
I think the first thing to do is to first settle your basic needs, and after taking care of that, then the money left(your discretionary) is used used for such accumulation, also putting in mind that it's also necessary to build up your emergency funds and other back up funds, meaning that your discretionary income will also be used to build up these other funds.
So if you share your income into two parts, 50% each, (expenses and investment), without first handling your basic needs before taking money for investment, then you might investing wrongly and might screw your investment up which might cause your unnecessary pressure and maybe an unplanned sell

It's true broadly speaking that you disagree but for example someone with a limited income wants to invest as savings for their future. Therefore I suggest that I can divide it in that way.
We also understand the importance of needs and as you said if it's not enough to invest at least focus on basic needs first for example family needs. We don't need to think about investments. With limited income we might have to prioritize the basics first. I completely agree with the understanding we're discussing here.

This is the main point and I don't blame anyone who provides input because essentially we're here to complement each other. The word discussion means that someone even with a limited income wants to invest. So yesterday I said to share 50%. It's true that sharing the amount earned in one place isn't enough it's part of someone's desire to invest in their future.
And I personally agree with what you said. If you're on a tight budget the most important thing is to cover basic needs which are the basic necessities for your family. Later when you have alternative employment this will allow you to invest in your future.

[Saltysugar99]

Discretionary income doesn't have to come from salaries alone, this is what very well make Bitcoin investment so possible for teenagers and student who are still dependent on their parent...You have to understand that any money that you can part with or afford to lose, could still count as your discretionary income... So this mean that I could still be student who is dependent on my family by collecting monthly or weekly or daily allowance and still be able to have a discretionary income to buy Bitcoin, if of course I am able to reduce my expenses so as to have some extra money left that I could very well afford to lose...

You can invest in Bitcoin while you are a student, but it is better to invest with a small amount. You should be careful not to put pressure on yourself or your family. Even if you invest in such a situation, even if the profit is not high, you will still get a lot of ideas about Bitcoin investment at a young age. In the future, learning accordingly will help you invest in the right way.

[Arenga pinnata]

Discretionary income doesn't have to come from salaries alone, this is what very well make Bitcoin investment so possible for teenagers and student who are still dependent on their parent...You have to understand that any money that you can part with or afford to lose, could still count as your discretionary income... So this mean that I could still be student who is dependent on my family by collecting monthly or weekly or daily allowance and still be able to have a discretionary income to buy Bitcoin, if of course I am able to reduce my expenses so as to have some extra money left that I could very well afford to lose...

You can invest in Bitcoin while you are a student, but it is better to invest with a small amount. You should be careful not to put pressure on yourself or your family. Even if you invest in such a situation, even if the profit is not high, you will still get a lot of ideas about Bitcoin investment at a young age. In the future, learning accordingly will help you invest in the right way.

As long as he can manage the money his parents give him well and it doesn't make it difficult for him to meet his needs, such as activities on campus or for college and the like, then yes, I think I would be very happy if my son could one day set aside some of the money I give him for investment. And I think it's very rare for students to do that. Because most of them even have to find additional jobs to pay for their own tuition.
So if someone is very lucky because they still depend on their parents, then when they set aside a few percent of their allowance for DCA bitcoin, I think they are quite wise. And they will become more experienced in this in the future.

Personally, I only set aside a few percent each month for DCA bitcoin from my job. And I also try to find a side job so I can set aside money to average down bitcoin when the price starts to drop further, because I don't want to waste every decline. Others might panic because of the declining value. But my focus right now isn't on the value but on the target amount of Bitcoin I want to achieve. And regarding the value, I think in the future or in the long term, we'll see prices much higher than they are now. ATH after ATH will be seen in every bullish period.

[letteredhub]

I see all this talk about waiting till you have a discretionary income before you start investing, it's a good idea it helps mostly if you don't have a lot of money coming in, but in my opinion and experience you don't have to wait you just to start, life is all about risk taking, fortune favors the brave 90% of the time.
Once you take that first risky step you feel more confident about the journey ahead.

Don't be retarded.  This thread is about investing not trading or gambling... so fuck off with your nonsense to suggest that discretionary income is not necessary to invest.

Do you even know what you are talking about? If you would be using money that is non-discretionary, then that means that such money is already determined to be needed for expenses, so why the fuck would anyone put that money into bitcoin and then wait until the expenses are due in order to cash out the money to pay for the bills? Maybe you should think about the contents of your posts so that you can at least attempt to stay on the topic of the thread... and take your trading and/or gambling nonsensical ideas to some other thread.

It makes no thoughtful sense that people should plan on investing for a long term as 4-6+ years with funds they can be forced to be in need of to take care of bills and personal expenses as may be required. Trying to invest in bitcoin without having a discretionary income to be used in progressively purchasing sats for accumulation (weekly or monthly) then such person is rather gambling with his funds with no proper timeframe schedule.

It's even a risk to lose funds when you're putting it into bitcoin in expectation to when an expenses needs arises to sell and get back funds. Expenses don't announcement itself before arising and it can happen when bitcoin price had drastically fallen where you would be in loss. That's why it's important that discretionary income should be used to bitcoin investment.

[Gost ms]

I see all this talk about waiting till you have a discretionary income before you start investing, it's a good idea it helps mostly if you don't have a lot of money coming in, but in my opinion and experience you don't have to wait you just to start, life is all about risk taking, fortune favors the brave 90% of the time.
Once you take that first risky step you feel more confident about the journey ahead.

You may never jump into the fire knowingly. That is exactly what investing with non-discretionary income is. If you are not able to find discretionary income, it means that you have spent that amount of money or you need that amount of money. Even then, if you are willing to invest that amount of money and invest, and after investing, if your investment continues to fall and if you need the money at that time, you will have to face a loss and sell your holdings.

Knowingly jumping into the fire is the most foolish thing to do. What you are saying is completely foolish. Taking risks is good but gambling in the name of taking risks is never the right decision. It is always necessary to continue investing with discretionary income. If you do not find discretionary income in a week or a month, then the wisest thing to do is to postpone the investment for that week or month.

[JayJuanGee]

I see all this talk about waiting till you have a discretionary income before you start investing, it's a good idea it helps mostly if you don't have a lot of money coming in, but in my opinion and experience you don't have to wait you just to start, life is all about risk taking, fortune favors the brave 90% of the time.
Once you take that first risky step you feel more confident about the journey ahead.

Don't be retarded.  This thread is about investing not trading or gambling... so fuck off with your nonsense to suggest that discretionary income is not necessary to invest.

Do you even know what you are talking about? If you would be using money that is non-discretionary, then that means that such money is already determined to be needed for expenses, so why the fuck would anyone put that money into bitcoin and then wait until the expenses are due in order to cash out the money to pay for the bills? Maybe you should think about the contents of your posts so that you can at least attempt to stay on the topic of the thread... and take your trading and/or gambling nonsensical ideas to some other thread.

It makes no thoughtful sense that people should plan on investing for a long term as 4-6+ years with funds they can be forced to be in need of to take care of bills and personal expenses as may be required. Trying to invest in bitcoin without having a discretionary income to be used in progressively purchasing sats for accumulation (weekly or monthly) then such person is rather gambling with his funds with no proper timeframe schedule.

It's even a risk to lose funds when you're putting it into bitcoin in expectation to when an expenses needs arises to sell and get back funds. Expenses don't announcement itself before arising and it can happen when bitcoin price had drastically fallen where you would be in loss. That's why it's important that discretionary income should be used to bitcoin investment.

People have all kinds of ways to attempt to project forward their income and/or their expenses, and so it is not like we tend to either have the money in advance to cover expenses, even though we know that there are expenses that are coming in the future, so at any time in the present, we try to live within an amount so that we cover all of our expenses and perhaps save any extra money if we might project that our future income might not be enough to cover some of our future expenses. 

And, you are correct, some expenses are known in advance and other expenses are not known in advance - even if we might have some general projections of various expenses, there may be some expenses that come in the future that were not exactly known.

Let's say that a bitcoiner buys a car that is around 6 years old, and maybe the car is something like a van so the guy can use the vehicle for both work and for non-work purposes - so in that regard, the guy figures that the van will largely pay for itself after a few years based on some extra hauling utility that will increase his efficiency and income.  Maybe the guy puts down a deposit of a few thousand dollars, yet he also has to make monthly payments for the next 5 years.. so perhaps he gets a loan that is $15k and the payments are around $400 per month. 

So the guy can project out his various known costs on the van related to loan payments, licensing costs, and insurance, some of the costs such as gasoline and/or regular maintenance might depend upon how much he is using it, yet since the van is 6 years old, he already knows that there could be some surprise extra maintenance, and there also could be damage that comes from accidents (that might not be covered by his insurance).  So sure the guy may well be buying bitcoin regularly, and he is keeping some extra funds on hand to cover variance in his income and/or variance in his expenses, and he likely will even keep some extra cash for the various unknown expenses that may or may not end up happening.

If the above guy makes mistakes in his buying too much bitcoin with money that he might need for his expenses, then he is overdoing it, so there is nothing wrong with being aggressive with bitcoin buys, yet guys cannot be so aggressive as to buy bitcoin beyond their discretionary income .. so if they make mistakes in that regard, they could either end up causing a lot of extra unnecessary stress in their finances and/or psychology which might also result in either their not being able to buy more bitcoin for extended periods of time and/or event their having to sell some or all of their bitcoin at a time that was not of their own choosing.

The closer in time that we are projecting out our income and/or expenses, then the more specific we can be in our projections and the more we likely have to make sure that we know that we have enough money for the shorter term projections, which is part of the reason that many times we suggest building back up funds at least up to 3 months of expenses and keep that amount of funds always available.. which is considered emergency funds, since it is the last defense prior to having to tap into bitcoin, and sure there can be various other funds that can be drawn from based on fluctuations in income and/or expenses.. yet maybe many times guys are not keeping track with precision in each category as long as they have enough income to cover their expenses and their cushion is also sufficient to cause them to not be stressed in regards to the fluctuations in their income and/or expenses.

[SuperBitMan]

Discretionary income doesn't have to come from salaries alone, this is what very well make Bitcoin investment so possible for teenagers and student who are still dependent on their parent...You have to understand that any money that you can part with or afford to lose, could still count as your discretionary income... So this mean that I could still be student who is dependent on my family by collecting monthly or weekly or daily allowance and still be able to have a discretionary income to buy Bitcoin, if of course I am able to reduce my expenses so as to have some extra money left that I could very well afford to lose...

You can invest in Bitcoin while you are a student, but it is better to invest with a small amount. You should be careful not to put pressure on yourself or your family. Even if you invest in such a situation, even if the profit is not high, you will still get a lot of ideas about Bitcoin investment at a young age. In the future, learning accordingly will help you invest in the right way.

If you are a student and you have a discretionary income, then you can invest in bitcoin, but if you are a student without a discretionary income you should not invest in bitcoin because that will be your downfall if you do that, when I was in the university, I have some friends who never had a discretionary income, but they decided to invest in bitcoin, and they were always dipping hands into their bitcoin investment, and that was really affecting them because when they want to dip hands into there bitcoin investment is when bitcoin will be low and they will not take exactly the amount they invested into bitcoin they would take a less amount and that made them to start borrowing money from other student. So if you don’t have a discretionary income as a student, don’t bother investing in bitcoin keep your money to yourself and make sure you see yourself through school.

[IjawMan]

Of course, a person who has a regular job (and maybe even more than one source of income that he gets through his labor or other participation), he has more assurances that his income is going to continue to come in, unless he gets injured or somehow loses his ability to contribute and/or to participate, even though there are also some jobs that might even have certain benefits that involve an ability to continue to get paid up until a certain amount of time of non-contribution - which would be like sick leave so there could be some assurance about the income continuing to come in.. for at least a certain period of time for some folks.

If the time has come that whatever is done can no longer be done because by experiencing an injury that makes a person unable to continue his activities so that this makes a person lose everything and even a person's guarantee when there is a contribution to something that makes many people there may be benefits for him personally so this is a form of the word benefit that is needed because why is it that when we experience an injury that makes us unable to provide benefits to others, of course that is where the name of the guarantee for someone who experiences the injury is no longer taken into account in the form of a guarantee.

Your job is no longer guaranteed when your contribution to the workforce of your company has been halt for a long time dew to injury that probably has kept you bed-redden and all what JayJuanGee by my grip of what he said the condition puts your bitcoin investment at risk of either discontinuing to accumulate further or you can hold from what you have been able to stash.

And with your income stopping it institutes uncertainty to the future success of having to hold your stash bitcoin till 6 to 10 years and not touching it, when you can fully have a sufficient profit to execute into other areas of life with the little portions of sells of your stash after a 2 cycles of holding.