JJG’s Outline of Bitcoin Investment Ideas

[Nheer]

I agree with some of your points but disagree with others. Accumulation Bitcoin through discretionary income is definitely a great strategy but buy Bitcoin through lump sum  from whatever extra funds you have. It would be even better to take risks while investing, if having a good risk tolerance. With the weak management of the global economy, most countries will be under inflation and the value of your cash funds will be devalued. Since Bitcoin is a decentralized asset it is more likely to be unaffected by inflation.
Accumulation Bitcoin regularly through discretionary income and this process in the long term can build a stack of Bitcoin, as well as buying a lump sum of Bitcoin.

When taking risks you have to be very careful not to take such that would affect you negatively in your finances or such that would end up seeing you tapping into your portfolio for survival such as investing beyond your discretionary income, using your emergency fund to lump sum on the dip or even investing all your discretionary income without having any backup funds, these kind of risks are costly ones and such that can negatively impact your accumulation journey. It is better to buy within your means, even if it means to buy in small quantities and maintain consistency in it until your income increases or you are able to cut down on your expenses budget in order to be able to buy with a bigger amount.

You shouldn't be in a rush to deplete your cash reserves, you surely need a good quantity of your backup funds in cash for immediate response if there is an emergency situation, even though bitcoin is a hedge against inflation, we still don't need to put everything into it including funds that should've served as our backup funds. You need to put funds that you would be able to hold for a long term of 4-10 years or more into bitcoin, never be over aggressive in your quest to accumulate bitcoin so you can comfortably go long-term in it and have a successful investment in it.

You're right. Investing beyond your discretionary income or even investing with your emergency is never ideal. When taking risks just make sure you’re not putting yourself in a bad financial spot. Don’t invest more than you can afford, don’t dip into your emergency fund just to buy the dip and don’t invest all your available cash without keeping something aside as back up. Investors should be aware that these decisions can affect their long term accumulation process so there is no need to force aggressiveness when you clearly cannot afford it yet so it's better to invest within your limits even if it doesn't get you much Bitcoins, you can work on your income to increase your accumulation power in the right way.

A lot of people get so focused on accumulating that they forget about the other areas that actually keep their investment journey stable and sustainable. It’s not really about avoiding aggressive moves completely but about making sure any risk you take stays within your limits. As long as your emergency fund is intact and your basic needs are covered you can take calculated risks without putting yourself in a tight spot. No matter how attractive an investment looks it should never come at the cost of your safety net.

[Itz-prisigold]

Everyone has a strategy for anything, especially when it comes to investing, such as buying Bitcoin for the long term. This means that anyone who dares to spend more money to buy Bitcoin for long-term investment is clearly doing so with careful consideration. Without preparation, perhaps no one would dare to buy Bitcoin, even if they strongly believe in it and only have a small amount of money. Therefore, such things must be truly based on a well-measured plan, preparation, and a specific strategy for implementing them.

I agree on planning and preparation. No one wants to take action without having a clue about something. But you are actually making it sound as if people have to have everything planned out to the last detail before they can take any action,  that is not true at all.

Most people that are investors today,  they did not start with a prefect strategy.  Many people have a lot left to learn before they embark on their journey. When people start investing with smaller amounts,  they gradually learn about on how to manage their investments, how to adjust their strategy, and how to be be more self disciplined as time goes by.

This is the reason a flexible approach like DCA makes sense.  DCA is a strategy that is flexible and doesn’t require a predetermined plan from day one.  Instead, it only requires that you are working with your discretionary funds and staying within your limits. You can also adjust the strategy as your experience grows.

I want to be clear, preparation is important. But that should not turn into a barrier that will keep people from starting their journey, in many cases, starting with a smaller amount is,  in fact, part of the plan.

[Cgrexp]

Everyone has a strategy for anything, especially when it comes to investing, such as buying Bitcoin for the long term. This means that anyone who dares to spend more money to buy Bitcoin for long-term investment is clearly doing so with careful consideration. Without preparation, perhaps no one would dare to buy Bitcoin, even if they strongly believe in it and only have a small amount of money. Therefore, such things must be truly based on a well-measured plan, preparation, and a specific strategy for implementing them.

If you have basic knowledge about Bitcoin and a source of discretionary income, then waiting to start investing will never be the right decision. We need to start investing, because when you jump into a place, you will automatically start understanding what to do to sustain yourself in that place and what measures to take. If you spend a lot of time just planning, then you will see that you will keep facing one problem after another, so it is necessary to start investing. After starting investing, you can progress in gaining knowledge and investing in parallel.

But yes, if you mean planning and preparation to start investing, basic knowledge and a source of discretionary income, then it is definitely necessary. But if you have a source of discretionary income and basic knowledge, then waiting to invest and deceiving yourself will be the same thing.

Many people are afraid to start investing because they are too serious about preparation or they think that they cannot start investing until the preparation is complete. That is, an investor may lose the opportunity due to excessive waiting. However, waiting does not mean that an investor has deceived himself because not all waiting is the same. Each person's mentality and ability are different, and some can master everything about investment in a very short time. On the other hand, someone delays investing because they cannot arrange their own income. In some cases, waiting may be reasonable. However, there needs to be a real balance between everything. There is no right time to start investing. If an investor has a discretionary income, that is, money left over after meeting his necessary expenses, then there will be no problem in his investment and there will be no shortage on daily expenses. Also, if he has some basic idea about what he is investing in and how to manage his risk, how to create an emergency fund, then the possibility of investment breaking due to unexpected reasons is reduced.  Also, if he is mentally prepared, that is, not disturbed by the market fluctuations, the risk of making wrong decisions will be reduced. When a new  investor has mastered these steps, it may be good for him\her to start with small amounts rather than waiting. so that he can gradually learn, practice and increase the investment amount over time based on his experience. Therefore, just as excessive waiting delays investment, starting unprepared is also risky. so it may be reasonable to start with small amounts and continue learning, keeping a balance based on his preparation.

[Silikiem]

Believing in Bitcoin doesn’t mean you should put all your money in it at once. Bitcoin price can fall harder sometimes. So it’s better to buy steadily and keep some money aside incase of emergencies and also to buy more when the price drops.

Bitcoin has been long tested and trusted most reliable above all coin which has also be rewarding long time hodlers but due to the volatility of bitcoin we are not meant to put all our money in bitcoin but only our discretionary income which is the one lift over after we might have resolved all other important needs, the reason to use your discretionary income is because of it volatile nature and not a guarantee of profit so using money that isn't your discretionary income is a dangerous move.

I agree with some of your points but disagree with others. Accumulation Bitcoin through discretionary income is definitely a great strategy but buy Bitcoin through lump sum  from whatever extra funds you have. It would be even better to take risks while investing, if having a good risk tolerance. With the weak management of the global economy, most countries will be under inflation and the value of your cash funds will be devalued. Since Bitcoin is a decentralized asset it is more likely to be unaffected by inflation.
Accumulation Bitcoin regularly through discretionary income and this process in the long term can build a stack of Bitcoin, as well as buying a lump sum of Bitcoin.

Are you trying to say that discretionary income is also one of the buying strategies or methods In bitcoin investment?, from the best of my knowledge there’s only three main known strategies or methods of buying bitcoin which includes the DCA, lump sum  and buy the dip strategy so there’s no discretionary income included among them. The only thing I can say is that even though anyone is buying bitcoin with any of these aforementioned strategies it is advisable you do so with your discretionary income or money which is other wise refers to the money left with you after you might have finished sorting your basic financial obligations or expenses. If you have extra money or additional money added to your income and you want to lump Sum buy with it, there’s no problem as far as such money is your discretionary income which you will not be needing anytime soon. The reason it’s advisable to use your discretionary income to buy and invest in bitcoin is so that you don’t end up selling quickly when is not yet time to sell especially when you are still in accumulation stage and you’ve not gotten to your accumulation target or perhaps over accumulation just so that you can get money to sort out your basic needs when you got hit by life basic financial obligations in the long run, and you know that bitcoin is very volatile which means that you could be selling at a very huge loss by that time. So it is better you don’t invest at all than to use money meant for your basic needs to invest in bitcoin because you will surely sell it again very quickly and that might be at a huge loss.

[abaeze]

Everyone has a strategy for anything, especially when it comes to investing, such as buying Bitcoin for the long term. This means that anyone who dares to spend more money to buy Bitcoin for long-term investment is clearly doing so with careful consideration. Without preparation, perhaps no one would dare to buy Bitcoin, even if they strongly believe in it and only have a small amount of money. Therefore, such things must be truly based on a well-measured plan, preparation, and a specific strategy for implementing them.

Learning is a long term process, so if someone thinks that they can't start investing without a perfect plan, then they will never be able to invest in Bitcoin. Because overthinking wastes time and many times good opportunities are missed, ultimately the investment mindset changes. The biggest thing is that no one needs to earn a degree to invest in Bitcoin. Here, there is no need to waste a long time learning and then investing, rather the best way to learn Bitcoin is to start with small amounts and understand your capabilities. People learn best through experience. There is no point in postponing investment on the pretext of learning. Small amounts reduce fear and stress. Over time, people see how Bitcoin works, which increases their knowledge and confidence in investing in Bitcoin in the long term.

Since everyone has a different risk tolerance and the same investment pattern is not for everyone. Therefore, investment should be based on the understanding and comfort of the person. So, start small, learn, build confidence, then gradually increase your investment if you want. For me, the most effective investment mindset or you can call a strategy is start investing in BTC and continue learning about Bitcoin.

[JayJuanGee]

[edited out]

There are situations where people are earning but are not able to invest in bitcoin even with the DCA because beyond being rich or poor what actually determines a person's capability to accumulate bitcoin is their discretionary income, without this it becomes impossible to invest in bitcoin, and yes people can be earning and not have any discretionary income from it, there are people who are working but are still living off on credits, some are basically feeding from hand to mouth, surviving on what the can hustle up at the end of the day, so while we might want to consider a person's financial state as a factor on whether or not they can accumulate bitcoin, what they actually need to be able to accumulate bitcoin is their discretionary income, if a person cannot generate discretionary income they cannot accumulate bitcoin even with the DCA.

Yes.  We probably do not mention the debt situations of people enough, even though surely debt servicing can be calculated in terms of determining both whether a person has discretionary income and if the discretionary income is sufficient to be able to invest into bitcoin, so surely there can be degrees in which a person has gotten himself into debt that is so great that it becomes even more difficult to justify investing into bitcoin until he is able to take care of (perhaps reduce or eliminate?) some or all of his debt.

If the debt is in a manageable situation, then it may well be better to get started investing in bitcoin, even though the debt might be costing a certain amount of money each month to service.. and surely higher level interest rates  (or servicing fees) are worse than some debt that might have lower levels of interest rates (service fees).

A person who has debt may well have to figure out how to pay off the debt or even to prioritize the paying off of certain debt over other debt, and surely at some point he might still be able to start to build his bitcoin stack, and on a personal level I don't tend to be very receptive to any debt that has a higher than 6% annual interest rate - .. and so if guys are maintaining debt with higher interest rate levels they may need to figure some plan to reduce and/or eliminate those debts so that they would be putting themselves into a better position to build wealth through bitcoin and/or strengthening cashflow management practices.

I understand that some guys consider that over the long term bitcoin may well have average annual return rates that are 20-30% or even more, so even if they have some debt that they are servicing that are relatively high (such as in the 10% to 20% annual territories), it still might make sense to still invest in bitcoin while maintaining (or not significantly reducing) those higher level debts, and on a personal level I would be inclined to try to be pretty aggressive in reducing those debts, even if it might mean that I would be either delaying my bitcoin investment or significantly reducing the amounts put into bitcoin on a weekly (or otherwise) basis..

and yeah, there are some cashflow situations in which it is not clear enough to really determine both the availability of discretionary funds and/or that such discretionary funds are enough to justify investing into bitcoin... so the person likely needs to really focus on trying to improve his discretionary income situation by increasing his income and/or reducing his expenses (debts tend to be an expense).

And, don't get me wrong. I tend to not be overly concerned about level of "paper profits" since one of the more important measures in the longer run is likely going to revolve around how many bitcoin a guy had been able to accumulate rather than the extent to which his BTC holdings happen to be in profits or not... even though we might not really want to start to deploy any of the forms of sustainable withdrawal - either price-based or time-based in the event that the BTC holdings are not in a sufficient level of profits.

So, what we are most concerned about is how we can survive our long-term investments without disruption. We must consider how to make it easier for each of us regardless of our long-term investments.

Of course in my opinion before doing something like that it would be better for us to prepare everything related to the investment we are making so that it is not disturbed because the time we have set whether it is 5-8 years is certainly not a short time so we need to discuss this so that for people who have the intention of investing with that time it is better to prepare for what should make us always have both the main needs in daily life with the aim of preventing our investment from decreasing and in my opinion the funds that are saved must be fully owned by us because waiting for the time period that we have set is something that is quite long not a short time so when you have experienced something like this, the right step for those who make investments is to have saved funds or emergency funds or even reserve funds as a form of way that we do to save us personally it should also be about what we have done with investments that will become our assets for our future as a whole because we own Bitcoin so we must take good care of it during the investment period that we have set.

Sure.  5-8 years or longer is a long time, yet at the same time, if someone is ongoingly investing in bitcoin, when he gets to a position of 5-8 years or longer, he is not going to be able to go back and change the various cumulative affects that he had put into place, whether he was putting money into bitcoin on a weekly basis or if he had chosen to buy on some other periodic basis.

Guys sometimes might have trouble planning 5-8 years or longer into the future, and they may also have only weak expectations in regards to what their income and/or expense circumstances are going to be during that time, too... so of course, they have to try to account for their specific circumstances and to survive by both holding bitcoin yet hopefully building it and making good judgements along the way in terms of how aggressive that they can be and perhaps even considering that there could be draw back in terms of being too whimpy, yet the guy also might not have a choice if his discretionary income is low and he does not have a lot of funds to work with... and it is ONLY within his own knowledge (unless he can consult with others, too?) if there might be some ways in which he might be able to increase his discretionary funds by increasing his income and/or decreasing his expenses... but yeah might be ONLY so much that a guy is ready, willing and/or able to do to increase his discretionary income, even if his ability to invest more into bitcoin would be able to be increased with such increase in his discretionary income.

Believing in Bitcoin doesn’t mean you should put all your money in it at once. Bitcoin price can fall harder sometimes. So it’s better to buy steadily and keep some money aside incase of emergencies and also to buy more when the price drops.

Everyone has a strategy for anything, especially when it comes to investing, such as buying Bitcoin for the long term. This means that anyone who dares to spend more money to buy Bitcoin for long-term investment is clearly doing so with careful consideration. Without preparation, perhaps no one would dare to buy Bitcoin, even if they strongly believe in it and only have a small amount of money. Therefore, such things must be truly based on a well-measured plan, preparation, and a specific strategy for implementing them.

In this thread we (I) emphasize getting started investing in bitcoin as soon as possible once discretionary funds are known to exist. If you considering further preparation and planning, there is no problem ongoingly planning and/or preparing as long as getting started is not being delayed by too much planning and/or preparing.. including that the starting size can be quite low (such as $100 or $10 or some other amount) and the amount invested weekly (or whatever other period) (such as $100 or $10 or some other amount) can be adjusted in accordance with the comfort level and the various aspects of considering how much discretionary funds are available. .. so there is nothing wrong with starting out slow and increasing the amounts invested as the comfort level improves.

Everyone has a strategy for anything, especially when it comes to investing, such as buying Bitcoin for the long term. This means that anyone who dares to spend more money to buy Bitcoin for long-term investment is clearly doing so with careful consideration. Without preparation, perhaps no one would dare to buy Bitcoin, even if they strongly believe in it and only have a small amount of money. Therefore, such things must be truly based on a well-measured plan, preparation, and a specific strategy for implementing them.

If you have basic knowledge about Bitcoin and a source of discretionary income, then waiting to start investing will never be the right decision.

I don't know what "basic knowledge about bitcoin is."  Probably a person with basic knowledge about life (such as common sense) would be a better way of describing the basic knowledge that a person should have, and I don't see anything wrong with presuming that the overwhelming majority of people who are able to determine if they have discretionary funds or not are also having common sense.  Perhaps only a small portion of folks 3% or so do not have common sense... so sure it could be dangerous for people without common sense to get involved in bitcoin, yet I think that still if an overwhelming majority of folks have common sense, are capable of learning, can calculate if they have discretionary funds or not, then they can get started investing in bitcoin and figure out what they need to learn along the way and also to adjust their initial position size in bitcoin, whether it is $100 or $10 or some other amount in accordance with their comfort level.. .. and so for example, if they don't really know from where they are going to source their bitcoin, then they might have to look into that, since they cannot start if they don't know from where they are going to source their bitcoin. 

Maybe the newbie heard about bitcoin from a friend, yet he does not really trust the judgement of the friend, so he might have to look into what he knows from the friend and anything else that he might have had heard about bitcoin, and perhaps if the guy already has a busy schedule in the coming several days, then he might not be able to get started until he has a block of time so that he can satisfy any curiousities that he might have.  It seems to me that the main thing that the guy needs to calculate is his then available discretionary funds, and so in this particular example, we seem to be presuming that he has discretionary funds available, which surely would be one of the most important areas to clarify in the event that the guy might not be sure about his current cashflow situation. 

Maybe the newbie does a quickie assessment of his income and sees that he has about $30k per year ($2,500 per mont) and his expenses are about $1,500 per month, so he is pretty comfortable that he has $1k per month of discretionary income, and he figures that he could do $100 per week into bitcoin, yet he feels more comfortable starting with $30 per week, and maybe he decides that starting next week (prior to his next weekly bitcoin buy), he is going to spend somewhere between 1-3 hours researching into bitcoin and/or researching into the more important matter related to his expected cashflow situation and how he might structure his future bitcoin buys, his back up funds and his discretionary consumption... He figures that after a few months, he may well be able to increase his weekly buy amounts, and he might also research into any other funds that he might have available or changes that he might be able to make to his income and/or to his expenses.  He figures that he is going to take this week by week, and he knows that historically, he has had been having some various family and work obligations that had been coming up in his life, so he was going to attempt to give some priority to at least spending 1-3 hours per week to become better acquainted with cashflow management ideas and how he is going to fit bitcoin investing into his weekly routine.. and also he may have some areas in which he is also curious about aspects of bitcoin that had not so far been answered and he would also want to look into those matters, even though he had identified as his own cashflow management practices to be the most important starting point so that he could continue to feel comfortable with $30 per week into bitcoin and perhaps considering if there might be ways that he can increase his comfort level so that he would be able to put more than $30 per week into bitcoin in the near future.

We need to start investing, because when you jump into a place, you will automatically start understanding what to do to sustain yourself in that place and what measures to take. If you spend a lot of time just planning, then you will see that you will keep facing one problem after another, so it is necessary to start investing. After starting investing, you can progress in gaining knowledge and investing in parallel.

You are correct that an ongoing practice of investing (or buying bitcoin and putting cashflow management into place) is going to give you way more ideas about what to do or what not to do rather than just thinking about it and not taking actual actions.

But yes, if you mean planning and preparation to start investing, basic knowledge and a source of discretionary income, then it is definitely necessary. But if you have a source of discretionary income and basic knowledge, then waiting to invest and deceiving yourself will be the same thing.

You are a bit ambiguous in what you are saying here. I think it is problematic to suggest that much of anything besides knowing that discretionary funds are available and common sense exists in order to get started.. I don't see what further planning needs to be in place before getting started, even though the initial position size might need to be adjusted downwardly in order to account for the beginner status and attempting to account for what might already be known or not.  There are some newbies to bitcoin who already have a lot of experience in investing, cashflow management and other aspects of life, so we cannot presume that newbies are coming to bitcoin without knowing anything..so to the extent to which they might need to plan may or look into matters may well relate to what their existing knowledge and experience is, and if they might already know about some personal issues that they might have to address, while also recognizing importance in getting started sooner rather than later.

Part of the reason that I place so much emphasis on getting started in this thread is because getting started seems to be a fairly common sticking point amongst the many folks who claim to be considering investing into bitcoin, and if they are already considering investing in bitcoin, one of the best ways to consider their investment into bitcoin is to get started as  long as they can determine that they have discretionary funds, and then once they have gotten started they can work on any details that they need to resolve in order to be able to feel more comfortable in increasing their weekly investing amount - to the extent that they might be able to start out with some weekly investing amount.

You guys are saying the same thing as per the reason for making use of discretionary income in Bitcoin investment let's take for instance anyone who uses the money meant for maybe school fees to buy Bitcoin and if there is a negative volatility that is a price drops it can get to a point where the person will sell even at lost in other not to lose everything, so there is nothing wrong saying that volatility is part of the reasons why using a discretionary income should be encouraged.

I don't actually buys into that statement because you are making it looks as if volatility is a bad thing, without considering that it's part of the key features of Bitcoin, and if it's not for it volatility, Bitcoin will not be different from our fiat currency that doesn't appreciate in value overtime, instead it gets eaten up by inflation as time passes by.

I believe that the main reason why investing from our discretionary income is encouraged is for us not to get emotionally attached to our Bitcoin investment, since it's a funds we can do away with, for a very long time. But as a bitcoin investor that really wants to be successful in our Bitcoin investment, we do not need to think of volatility because it's one of the key features of Bitcoin that made it special, so buying and accumulating is the best, because with time the volatility of Bitcoin will put you in a more profitable position in the future, when Bitcoin has done times five of it current price.

You are correct that volatility seems to be an inevitable attribute of bitcoin, so we need to accept it.

At the same time, your proclamation that volatility gives bitcoin value or contributes to its going up in price is a bit confusing.

I would expect that there have been and likely to continue to be ongoing battles in regards to bitcoin and attempts to manipulate it and even attempts to break it, and surely bitcoin has ongoingly shown itself to be resilient to the various kinds of attacks and even our recent trends that seem to be around cooptation attempts of various banks, governments, institutions and/or status quo rich folks... so yeah, bitcoin has been resolving itself to the upside with the various ongoing battles that don't seem likely to stop, yet I am not sure if bitcoin get's its value from volatility, even though we likely can admit that bitcoin's volatility is not likely to go away, and seems to be an ongoing and inevitable attribute that we have to figure out how to deal with in regards to our own financial approach to bitcoin and/or our psychology in regards to bitcoin, too. 

In other words, probably one of the most guaranteed features of bitcoin is its volatility, and it is not guaranteed to continue to resolve to the upside, even though surely there are a lot of bitcoiners who consider bitcoin to be amongst the best, if not the best, place to put time, energy and value, yet each of us still has to decide for ourselves in regards to how much of our own time, energy and value to put into bitcoin and/or to keep in bitcoin.

[Grease5000]

[edited out]

There are situations where people are earning but are not able to invest in bitcoin even with the DCA because beyond being rich or poor what actually determines a person's capability to accumulate bitcoin is their discretionary income, without this it becomes impossible to invest in bitcoin, and yes people can be earning and not have any discretionary income from it, there are people who are working but are still living off on credits, some are basically feeding from hand to mouth, surviving on what the can hustle up at the end of the day, so while we might want to consider a person's financial state as a factor on whether or not they can accumulate bitcoin, what they actually need to be able to accumulate bitcoin is their discretionary income, if a person cannot generate discretionary income they cannot accumulate bitcoin even with the DCA.

Yes.  We probably do not mention the debt situations of people enough, even though surely debt servicing can be calculated in terms of determining both whether a person has discretionary income and if the discretionary income is sufficient to be able to invest into bitcoin, so surely there can be degrees in which a person has gotten himself into debt that is so great that it becomes even more difficult to justify investing into bitcoin until he is able to take care of (perhaps reduce or eliminate?) some or all of his debt.

If the debt is in a manageable situation, then it may well be better to get started investing in bitcoin, even though the debt might be costing a certain amount of money each month to service.. and surely higher level interest rates  (or servicing fees) are worse than some debt that might have lower levels of interest rates (service fees).

A person who has debt may well have to figure out how to pay off the debt or even to prioritize the paying off of certain debt over other debt, and surely at some point he might still be able to start to build his bitcoin stack, and on a personal level I don't tend to be very receptive to any debt that has a higher than 6% annual interest rate - .. and so if guys are maintaining debt with higher interest rate levels they may need to figure some plan to reduce and/or eliminate those debts so that they would be putting themselves into a better position to build wealth through bitcoin and/or strengthening cashflow management practices.

I understand that some guys consider that over the long term bitcoin may well have average annual return rates that are 20-30% or even more, so even if they have some debt that they are servicing that are relatively high (such as in the 10% to 20% annual territories), it still might make sense to still invest in bitcoin while maintaining (or not significantly reducing) those higher level debts, and on a personal level I would be inclined to try to be pretty aggressive in reducing those debts, even if it might mean that I would be either delaying my bitcoin investment or significantly reducing the amounts put into bitcoin on a weekly (or otherwise) basis..

and yeah, there are some cashflow situations in which it is not clear enough to really determine both the availability of discretionary funds and/or that such discretionary funds are enough to justify investing into bitcoin... so the person likely needs to really focus on trying to improve his discretionary income situation by increasing his income and/or reducing his expenses (debts tend to be an expense).

And, don't get me wrong. I tend to not be overly concerned about level of "paper profits" since one of the more important measures in the longer run is likely going to revolve around how many bitcoin a guy had been able to accumulate rather than the extent to which his BTC holdings happen to be in profits or not... even though we might not really want to start to deploy any of the forms of sustainable withdrawal - either price-based or time-based in the event that the BTC holdings are not in a sufficient level of profits.

So, what we are most concerned about is how we can survive our long-term investments without disruption. We must consider how to make it easier for each of us regardless of our long-term investments.

Of course in my opinion before doing something like that it would be better for us to prepare everything related to the investment we are making so that it is not disturbed because the time we have set whether it is 5-8 years is certainly not a short time so we need to discuss this so that for people who have the intention of investing with that time it is better to prepare for what should make us always have both the main needs in daily life with the aim of preventing our investment from decreasing and in my opinion the funds that are saved must be fully owned by us because waiting for the time period that we have set is something that is quite long not a short time so when you have experienced something like this, the right step for those who make investments is to have saved funds or emergency funds or even reserve funds as a form of way that we do to save us personally it should also be about what we have done with investments that will become our assets for our future as a whole because we own Bitcoin so we must take good care of it during the investment period that we have set.

Sure.  5-8 years or longer is a long time, yet at the same time, if someone is ongoingly investing in bitcoin, when he gets to a position of 5-8 years or longer, he is not going to be able to go back and change the various cumulative affects that he had put into place, whether he was putting money into bitcoin on a weekly basis or if he had chosen to buy on some other periodic basis.

Guys sometimes might have trouble planning 5-8 years or longer into the future, and they may also have only weak expectations in regards to what their income and/or expense circumstances are going to be during that time, too... so of course, they have to try to account for their specific circumstances and to survive by both holding bitcoin yet hopefully building it and making good judgements along the way in terms of how aggressive that they can be and perhaps even considering that there could be draw back in terms of being too whimpy, yet the guy also might not have a choice if his discretionary income is low and he does not have a lot of funds to work with... and it is ONLY within his own knowledge (unless he can consult with others, too?) if there might be some ways in which he might be able to increase his discretionary funds by increasing his income and/or decreasing his expenses... but yeah might be ONLY so much that a guy is ready, willing and/or able to do to increase his discretionary income, even if his ability to invest more into bitcoin would be able to be increased with such increase in his discretionary income.

Believing in Bitcoin doesn’t mean you should put all your money in it at once. Bitcoin price can fall harder sometimes. So it’s better to buy steadily and keep some money aside incase of emergencies and also to buy more when the price drops.

Everyone has a strategy for anything, especially when it comes to investing, such as buying Bitcoin for the long term. This means that anyone who dares to spend more money to buy Bitcoin for long-term investment is clearly doing so with careful consideration. Without preparation, perhaps no one would dare to buy Bitcoin, even if they strongly believe in it and only have a small amount of money. Therefore, such things must be truly based on a well-measured plan, preparation, and a specific strategy for implementing them.

In this thread we (I) emphasize getting started investing in bitcoin as soon as possible once discretionary funds are known to exist. If you considering further preparation and planning, there is no problem ongoingly planning and/or preparing as long as getting started is not being delayed by too much planning and/or preparing.. including that the starting size can be quite low (such as $100 or $10 or some other amount) and the amount invested weekly (or whatever other period) (such as $100 or $10 or some other amount) can be adjusted in accordance with the comfort level and the various aspects of considering how much discretionary funds are available. .. so there is nothing wrong with starting out slow and increasing the amounts invested as the comfort level improves.

Everyone has a strategy for anything, especially when it comes to investing, such as buying Bitcoin for the long term. This means that anyone who dares to spend more money to buy Bitcoin for long-term investment is clearly doing so with careful consideration. Without preparation, perhaps no one would dare to buy Bitcoin, even if they strongly believe in it and only have a small amount of money. Therefore, such things must be truly based on a well-measured plan, preparation, and a specific strategy for implementing them.

If you have basic knowledge about Bitcoin and a source of discretionary income, then waiting to start investing will never be the right decision.

I don't know what "basic knowledge about bitcoin is."  Probably a person with basic knowledge about life (such as common sense) would be a better way of describing the basic knowledge that a person should have, and I don't see anything wrong with presuming that the overwhelming majority of people who are able to determine if they have discretionary funds or not are also having common sense.  Perhaps only a small portion of folks 3% or so do not have common sense... so sure it could be dangerous for people without common sense to get involved in bitcoin, yet I think that still if an overwhelming majority of folks have common sense, are capable of learning, can calculate if they have discretionary funds or not, then they can get started investing in bitcoin and figure out what they need to learn along the way and also to adjust their initial position size in bitcoin, whether it is $100 or $10 or some other amount in accordance with their comfort level.. .. and so for example, if they don't really know from where they are going to source their bitcoin, then they might have to look into that, since they cannot start if they don't know from where they are going to source their bitcoin. 

Maybe the newbie heard about bitcoin from a friend, yet he does not really trust the judgement of the friend, so he might have to look into what he knows from the friend and anything else that he might have had heard about bitcoin, and perhaps if the guy already has a busy schedule in the coming several days, then he might not be able to get started until he has a block of time so that he can satisfy any curiousities that he might have.  It seems to me that the main thing that the guy needs to calculate is his then available discretionary funds, and so in this particular example, we seem to be presuming that he has discretionary funds available, which surely would be one of the most important areas to clarify in the event that the guy might not be sure about his current cashflow situation. 

Maybe the newbie does a quickie assessment of his income and sees that he has about $30k per year ($2,500 per mont) and his expenses are about $1,500 per month, so he is pretty comfortable that he has $1k per month of discretionary income, and he figures that he could do $100 per week into bitcoin, yet he feels more comfortable starting with $30 per week, and maybe he decides that starting next week (prior to his next weekly bitcoin buy), he is going to spend somewhere between 1-3 hours researching into bitcoin and/or researching into the more important matter related to his expected cashflow situation and how he might structure his future bitcoin buys, his back up funds and his discretionary consumption... He figures that after a few months, he may well be able to increase his weekly buy amounts, and he might also research into any other funds that he might have available or changes that he might be able to make to his income and/or to his expenses.  He figures that he is going to take this week by week, and he knows that historically, he has had been having some various family and work obligations that had been coming up in his life, so he was going to attempt to give some priority to at least spending 1-3 hours per week to become better acquainted with cashflow management ideas and how he is going to fit bitcoin investing into his weekly routine.. and also he may have some areas in which he is also curious about aspects of bitcoin that had not so far been answered and he would also want to look into those matters, even though he had identified as his own cashflow management practices to be the most important starting point so that he could continue to feel comfortable with $30 per week into bitcoin and perhaps considering if there might be ways that he can increase his comfort level so that he would be able to put more than $30 per week into bitcoin in the near future.

We need to start investing, because when you jump into a place, you will automatically start understanding what to do to sustain yourself in that place and what measures to take. If you spend a lot of time just planning, then you will see that you will keep facing one problem after another, so it is necessary to start investing. After starting investing, you can progress in gaining knowledge and investing in parallel.

You are correct that an ongoing practice of investing (or buying bitcoin and putting cashflow management into place) is going to give you way more ideas about what to do or what not to do rather than just thinking about it and not taking actual actions.

But yes, if you mean planning and preparation to start investing, basic knowledge and a source of discretionary income, then it is definitely necessary. But if you have a source of discretionary income and basic knowledge, then waiting to invest and deceiving yourself will be the same thing.

You are a bit ambiguous in what you are saying here. I think it is problematic to suggest that much of anything besides knowing that discretionary funds are available and common sense exists in order to get started.. I don't see what further planning needs to be in place before getting started, even though the initial position size might need to be adjusted downwardly in order to account for the beginner status and attempting to account for what might already be known or not.  There are some newbies to bitcoin who already have a lot of experience in investing, cashflow management and other aspects of life, so we cannot presume that newbies are coming to bitcoin without knowing anything..so to the extent to which they might need to plan may or look into matters may well relate to what their existing knowledge and experience is, and if they might already know about some personal issues that they might have to address, while also recognizing importance in getting started sooner rather than later.

Part of the reason that I place so much emphasis on getting started in this thread is because getting started seems to be a fairly common sticking point amongst the many folks who claim to be considering investing into bitcoin, and if they are already considering investing in bitcoin, one of the best ways to consider their investment into bitcoin is to get started as  long as they can determine that they have discretionary funds, and then once they have gotten started they can work on any details that they need to resolve in order to be able to feel more comfortable in increasing their weekly investing amount - to the extent that they might be able to start out with some weekly investing amount.

You guys are saying the same thing as per the reason for making use of discretionary income in Bitcoin investment let's take for instance anyone who uses the money meant for maybe school fees to buy Bitcoin and if there is a negative volatility that is a price drops it can get to a point where the person will sell even at lost in other not to lose everything, so there is nothing wrong saying that volatility is part of the reasons why using a discretionary income should be encouraged.

I don't actually buys into that statement because you are making it looks as if volatility is a bad thing, without considering that it's part of the key features of Bitcoin, and if it's not for it volatility, Bitcoin will not be different from our fiat currency that doesn't appreciate in value overtime, instead it gets eaten up by inflation as time passes by.

I believe that the main reason why investing from our discretionary income is encouraged is for us not to get emotionally attached to our Bitcoin investment, since it's a funds we can do away with, for a very long time. But as a bitcoin investor that really wants to be successful in our Bitcoin investment, we do not need to think of volatility because it's one of the key features of Bitcoin that made it special, so buying and accumulating is the best, because with time the volatility of Bitcoin will put you in a more profitable position in the future, when Bitcoin has done times five of it current price.

You are correct that volatility seems to be an inevitable attribute of bitcoin, so we need to accept it.

At the same time, your proclamation that volatility gives bitcoin value or contributes to its going up in price is a bit confusing.

I would expect that there have been and likely to continue to be ongoing battles in regards to bitcoin and attempts to manipulate it and even attempts to break it, and surely bitcoin has ongoingly shown itself to be resilient to the various kinds of attacks and even our recent trends that seem to be around cooptation attempts of various banks, governments, institutions and/or status quo rich folks... so yeah, bitcoin has been resolving itself to the upside with the various ongoing battles that don't seem likely to stop, yet I am not sure if bitcoin get's its value from volatility, even though we likely can admit that bitcoin's volatility is not likely to go away, and seems to be an ongoing and inevitable attribute that we have to figure out how to deal with in regards to our own financial approach to bitcoin and/or our psychology in regards to bitcoin, too. 

In other words, probably one of the most guaranteed features of bitcoin is its volatility, and it is not guaranteed to continue to resolve to the upside, even though surely there are a lot of bitcoiners who consider bitcoin to be amongst the best, if not the best, place to put time, energy and value, yet each of us still has to decide for ourselves in regards to how much of our own time, energy and value to put into bitcoin and/or to keep in bitcoin.

You are absolutely right, discretionary income is the real engine behind consistent investing, not just how much someone earns. As a long-term Bitcoin investor, I will add this: accumulation isn’t about speed, it’s about sustainability..If someone has zero discretionary income, even with DCA can actually do more harm than good. Financial stability comes first. You can’t build wealth on top of pressure, debt, or survival-level income.

But here’s the encouraging part: Discretionary income is not fixed  it can be created over time. That might mean reducing unnecessary expenses, Increasing income (skills, side hustle) Paying down high-interest debt  Once even a small gap opens up, that’s where DCA shines. You don’t need big money consistency beats size. Even small amounts, invested regularly, can grow meaningfully over time. The goal isn’t “invest now at all costs”  it is Position yourself so you can invest consistently without stress. Because in the long run, the people who win in Bitcoin are not the ones who rushed in — they’re the ones who stayed in.
Build stability first, then accumulate patiently. That’s how real wealth is created.

[Abbatty]

You guys are saying the same thing as per the reason for making use of discretionary income in Bitcoin investment let's take for instance anyone who uses the money meant for maybe school fees to buy Bitcoin and if there is a negative volatility that is a price drops it can get to a point where the person will sell even at lost in other not to lose everything, so there is nothing wrong saying that volatility is part of the reasons why using a discretionary income should be encouraged.

Because bitcoin is a long-term asset is the reason why you need to use your discretionary income to invest in it so that you can be able to be patient and hodli for long and I believe that it's because of the volatile nature of bitcoin that make it a long-term investment because it increases in value overtime based on history.

If you go and use the money for your needs to invest in bitcoin, you wouldn't be able to hodli for long and I call that gambling because it's the opposite way of becoming successful in your long term bitcoin investment.

You’ve said it all and in addition to what you said, when you invest with your discretionary income you tend to have less pressure even if there is a Dip in the market. This is a mistake a lot of newbies make and at the end they blame it on bitcoin.

A smart investor knows it never ideal to invest all you have in anything no matter how sure it looks, it always advisable to sort your immediate needs and use what you have left to invest and also make provisions for your emergency funds.

[EL MOHA]

Since everyone has a different risk tolerance and the same investment pattern is not for everyone. Therefore, investment should be based on the understanding and comfort of the person. So, start small, learn, build confidence, then gradually increase your investment if you want. For me, the most effective investment mindset or you can call a strategy is start investing in BTC and continue learning about Bitcoin.

It’s true waiting to invest into bitcoin simply because of the reason that one wants to learn about the market is seriously flawed in my opinion. Bitcoins isn’t that technology that one actually cannot make use of until they have all knowledge about, the major knowledge needed for investors as starter park is simple, it’s just to understand how to create and safeguard one’s wallet which will be use for holding bitcoin. Where and how to buy bitcoin is another essential knowledge needed. Personally I usually say that with this knowledge it’s sufficient enough to start investing as other knowledge would mostly come by as the investors continues to grow acquainted with bitcoin.

The reason why its best to invest with this essential knowledge is that if one waits for time to gain more knowledge about bitcoin, then they are seriously pose to miss out on very good opportunities in the market.

[Olatundespo]

Bitcoin has been long tested and trusted most reliable above all coin which has also be rewarding long time hodlers but due to the volatility of bitcoin we are not meant to put all our money in bitcoin but only our discretionary income which is the one lift over after we might have resolved all other important needs, the reason to use your discretionary income is because of it volatile nature and not a guarantee of profit so using money that isn't your discretionary income is a dangerous move.

I agree with some of your points but disagree with others. Accumulation Bitcoin through discretionary income is definitely a great strategy but buy Bitcoin through lump sum  from whatever extra funds you have. It would be even better to take risks while investing, if having a good risk tolerance. With the weak management of the global economy, most countries will be under inflation and the value of your cash funds will be devalued. Since Bitcoin is a decentralized asset it is more likely to be unaffected by inflation.
Accumulation Bitcoin regularly through discretionary income and this process in the long term can build a stack of Bitcoin, as well as buying a lump sum of Bitcoin.

First of all using your discretionary income to buy bitcoin is not any of the strategy of buying bitcoin it's only an income that should be used in buying bitcoin, again i don't make mention of lump sum and from your saying i still understand that you don't know what lump sum is you think that lump sum strategy is when an investor uses all his money to invest in bitcoin?  My brother that's not lump sum strategy that's greed and gambling.

I mean here Bitcoin accumulation through discretionary income in DCA method. Strategically we can express a large meaning of a sentence without using many words in metaphorical sense. You did not say about lump sum Bitcoin buying which is correct but you said "the volatility of bitcoin we are not meant to put all our money in bitcoin but only our discretionary income" in the context of your words I said "buy Bitcoin through lump sum from whatever extra funds you have" I emphasized on lump sum through extra funds because only through discretionary funds you will not be able to accumulate your expected amount of Bitcoin holdings in 4 to 10 years but if you are one of those cheap and traditional traders it is not a wrong consideration for you to lack the right knowledge to evaluate Bitcoin. We can call the amount of funds that I have after meeting all other important needs as discretionary income or extra funds although not everyone understands the differences in terms, it may be their/our lack of knowledge.

[Brizi5000]

You are absolutely right, discretionary income is the real engine behind consistent investing, not just how much someone earns. As a long-term Bitcoin investor, I will add this: accumulation isn’t about speed, it’s about sustainability..If someone has zero discretionary income, even with DCA can actually do more harm than good. Financial stability comes first. You can’t build wealth on top of pressure, debt, or survival-level income.

But here’s the encouraging part: Discretionary income is not fixed  it can be created over time. That might mean reducing unnecessary expenses, Increasing income (skills, side hustle) Paying down high-interest debt  Once even a small gap opens up, that’s where DCA shines. You don’t need big money consistency beats size. Even small amounts, invested regularly, can grow meaningfully over time. The goal isn’t “invest now at all costs”  it is Position yourself so you can invest consistently without stress. Because in the long run, the people who win in Bitcoin are not the ones who rushed in — they’re the ones who stayed in.
Build stability first, then accumulate patiently. That’s how real wealth is created.

instead of you to write under such a long pyramid of different post and quotes, you couldve easily choose the very particular post you want to comment on so it will look more coherent and understandable to your readers. that being said i agree with what you said about discretionary income being the real engine behind consistent investing. what matters most here is ones ability to figure out a discretionary income and start, dont wait or delay getting started but make sure you take care of your mandatory necessities at home first with that the stability comes in investment. financial stability doesnt comes in a day, if one is struggling to sort his mandatory basic necessity like food, cloth,etc then he shouldnt invest yet but focus on sorting his basic needs out after which the money left with him can be used to invest in bitcoin using the dca either week or monthly basis just as he could be able to figure a discretionary income.

[The Founding Titan]

Because bitcoin is a long-term asset

An asset is only an asset, itself.
Difference among people is in how they consider about and use that asset.

is the reason why you need to use your discretionary income to invest in it so that you can be able to be patient and hodli for long and I believe that it's because of the volatile nature of bitcoin that make it a long-term investment because it increases in value overtime based on history.

Volatile nature does not always make an asset is a good long term investment and not always causes value growth over time. You can see it with many altcoins that have too much volatility, even more than Bitcoin, but their values don't increase too much with time while most altcoins die over time. They not only lose values over time but actually die over time.

Choose Bitcoin, ignore altcoins, use discretionary income as investment capital for accumulating bitcoin and hold it over long term, it's good investment advice for well practice too.

Bitcoin's volatility is just one of many factors that makes it worth investing in but it is a factor regardless so it's better to not downplay it's value.
Shitcoins are useless that's why their volatility runs them into the ground rather than help give them the chance to actually yield anything good in the long run, that's why most of them are only good for short bursts, don't involve yourself with shitcoins unless you are eager to waste your money because that's most likely what's going to happen.
Using your discretionary income it's better to just accumulate bitcoin if you actually want to give your investment a fighting chance, bitcoin is arguably the best asset to invest in right now.

[Cyber_warrior]

You are absolutely right, discretionary income is the real engine behind consistent investing, not just how much someone earns. As a long-term Bitcoin investor, I will add this: accumulation isn’t about speed, it’s about sustainability..If someone has zero discretionary income, even with DCA can actually do more harm than good. Financial stability comes first. You can’t build wealth on top of pressure, debt, or survival-level income.

But here’s the encouraging part: Discretionary income is not fixed  it can be created over time. That might mean reducing unnecessary expenses, Increasing income (skills, side hustle) Paying down high-interest debt  Once even a small gap opens up, that’s where DCA shines. You don’t need big money consistency beats size. Even small amounts, invested regularly, can grow meaningfully over time. The goal isn’t “invest now at all costs”  it is Position yourself so you can invest consistently without stress. Because in the long run, the people who win in Bitcoin are not the ones who rushed in — they’re the ones who stayed in.
Build stability first, then accumulate patiently. That’s how real wealth is created.

It's true discretionary income is very important in investing and yes financial stability is good but you shouldn't wait out till everything is perfect to invest. To start you don't need to be financially stable but as you progress with your investment you can work towards building a stable and sustainable investment. When you look at it properly you will see that the goal is simple, it's to stay consistent while not putting yourself in pressure.

The reason why its best to invest with this essential knowledge is that if one waits for time to gain more knowledge about bitcoin, then they are seriously pose to miss out on very good opportunities in the market.

You're right and there's absolutely no need to delay your investment because you want to learn first, it is something that can be done simultaneously as you invest. Waiting out to gain knowledge doesn't usually end well so when you have discretionary income you should proceed with investing without any further delay and then continue grabbing the necessary knowledge.

[cyberninja2]

It's true discretionary income is very important in investing and yes financial stability is good but you shouldn't wait out till everything is perfect to invest. To start you don't need to be financially stable but as you progress with your investment you can work towards building a stable and sustainable investment. When you look at it properly you will see that the goal is simple, it's to stay consistent while not putting yourself in pressure.

This is actually what everyone needs. Having discretionary income makes it easier to invest whether long-term or short-term. The foundation of consistent investing is financial stability in generating income. Therefore what you do will certainly not affect your Bitcoin investment until ultimately everything invested becomes a future asset for that person.

Someone who has been building Bitcoin investment for a long time but the capital or strength owned by that person is far from expectations this is caused by the financial limitations owned by that person so that what has been invested is certainly in the end the decision must still sell a small amount that has been collected this is because of the lack of income coming in for needs so that when someone needs it of course what must be done is to sell some to be able to fulfill what is needed so this is one of the ways that is quite wrong for someone to build an investment and if you feel that you are lacking in income it is better not to invest because this is due to the lack of income owned in investing and even if you do it in a short-term way at least we also invest even though it is different from other people, but in the short term we can also feel the benefits even though we cannot build it in the way that other people do which we know together they have the equipment to do such a way.

[ZeroVinsonN]

[edited out]

There are situations where people are earning but are not able to invest in bitcoin even with the DCA because beyond being rich or poor what actually determines a person's capability to accumulate bitcoin is their discretionary income, without this it becomes impossible to invest in bitcoin, and yes people can be earning and not have any discretionary income from it, there are people who are working but are still living off on credits, some are basically feeding from hand to mouth, surviving on what the can hustle up at the end of the day, so while we might want to consider a person's financial state as a factor on whether or not they can accumulate bitcoin, what they actually need to be able to accumulate bitcoin is their discretionary income, if a person cannot generate discretionary income they cannot accumulate bitcoin even with the DCA.

Yes.  We probably do not mention the debt situations of people enough, even though surely debt servicing can be calculated in terms of determining both whether a person has discretionary income and if the discretionary income is sufficient to be able to invest into bitcoin, so surely there can be degrees in which a person has gotten himself into debt that is so great that it becomes even more difficult to justify investing into bitcoin until he is able to take care of (perhaps reduce or eliminate?) some or all of his debt.

If the debt is in a manageable situation, then it may well be better to get started investing in bitcoin, even though the debt might be costing a certain amount of money each month to service.. and surely higher level interest rates  (or servicing fees) are worse than some debt that might have lower levels of interest rates (service fees).

A person who has debt may well have to figure out how to pay off the debt or even to prioritize the paying off of certain debt over other debt, and surely at some point he might still be able to start to build his bitcoin stack, and on a personal level I don't tend to be very receptive to any debt that has a higher than 6% annual interest rate - .. and so if guys are maintaining debt with higher interest rate levels they may need to figure some plan to reduce and/or eliminate those debts so that they would be putting themselves into a better position to build wealth through bitcoin and/or strengthening cashflow management practices.

I understand that some guys consider that over the long term bitcoin may well have average annual return rates that are 20-30% or even more, so even if they have some debt that they are servicing that are relatively high (such as in the 10% to 20% annual territories), it still might make sense to still invest in bitcoin while maintaining (or not significantly reducing) those higher level debts, and on a personal level I would be inclined to try to be pretty aggressive in reducing those debts, even if it might mean that I would be either delaying my bitcoin investment or significantly reducing the amounts put into bitcoin on a weekly (or otherwise) basis..

and yeah, there are some cashflow situations in which it is not clear enough to really determine both the availability of discretionary funds and/or that such discretionary funds are enough to justify investing into bitcoin... so the person likely needs to really focus on trying to improve his discretionary income situation by increasing his income and/or reducing his expenses (debts tend to be an expense).

It's better to not rush into investing when a person's debt is high, most might miss this but a high debt hanging over a person's head isn't something to carry around while still investing as well, if she debt id much smaller then it's probably not going to be much of a problem, there is also the situation of how quickly the debt can be paid off, if it's a loan to be paid over a short period of time and if it's high enough then paying off that debt should take priority, the debt is being paid with our discretionary income which is also what we need to invest with, if for any reason our discretionary income stops coming in with a huge debt hanging over our heads we might be tempted to sell our bitcoin to pay off the debt amd situations like this should be avoided. A smaller debt that also has a longer pay off timeline is easier to handle, you can split your discretionary income, using one part to gradually settle the debt, another part to accumulate bitcoin and another for any other discretionary expenses that might come up.

[Cossyblack]

You’ve said it all and in addition to what you said, when you invest with your discretionary income you tend to have less pressure even if there is a Dip in the market. This is a mistake a lot of newbies make and at the end they blame it on bitcoin.

A smart investor knows it never ideal to invest all you have in anything no matter how sure it looks, it always advisable to sort your immediate needs and use what you have left to invest and also make provisions for your emergency funds.

It is true,what an investor need is a source of discretionary income to invest in bitcoin. it isn't mandatory to invest regularly using the DCA strategy you can invest whenever your discretionary income is available. The pressures to sell among newbies during the dip is because they invest with money they cannot afford to lose which is why it is advised to invest using discretionary income so that they can maintain their bitcoin investment for the long term to avoid being tempted to sell prematurely. Using discretionary income to invest will ensure an investor doesn't panic sell when there's a dips

[Alonso_]

In this thread we (I) emphasize getting started investing in bitcoin as soon as possible once discretionary funds are known to exist. If you considering further preparation and planning, there is no problem ongoingly planning and/or preparing as long as getting started is not being delayed by too much planning and/or preparing.. including that the starting size can be quite low (such as $100 or $10 or some other amount) and the amount invested weekly (or whatever other period) (such as $100 or $10 or some other amount) can be adjusted in accordance with the comfort level and the various aspects of considering how much discretionary funds are available. .. so there is nothing wrong with starting out slow and increasing the amounts invested as the comfort level improves.

Apparently what you’ve mentioned is definitely the truth, and I’m a living testimony of what you have always been saying and emphasizing on this thread, personally it’s not only on this thread but also on different threads where we can possibly discuss about bitcoins, getting started is very important because that is where your journey begins in starting to invest in bitcoin, and it’s a bold step for an individual to take to get started with investing in bitcoin, especially when you have that discretionary income it’s better to get started immediately instead of procrastination and hoping to have huge amounts of discretionary income, you can obviously start immediately with a small discretionary income just like it’s been mentioned $10 -$100 would be good depending on how you’re comfortable with your income and investments plans, waiting game have never been a good strategy because it will definitely cause loose of good opportunities of stacking more bitcoin into your portfolio, like I always keep telling people bitcoin investment doesn’t require much, just having a discretionary income on what you can afford then you can get started immediately in your comfortable position.

[Y3shot]

Bitcoin has been long tested and trusted most reliable above all coin which has also be rewarding long time hodlers but due to the volatility of bitcoin we are not meant to put all our money in bitcoin but only our discretionary income which is the one lift over after we might have resolved all other important needs, the reason to use your discretionary income is because of it volatile nature and not a guarantee of profit so using money that isn't your discretionary income is a dangerous move.

Volatility is not only the reason why you don't need to put all your money into investing in Bitcoin. Normally, the standard approach for any investment is to invest what you can afford, and it is not a matter of volatility; it is because outside of investments, there are other things you need to do with money, and you cannot neglect the basic things for which money is needed.

Volatility is a reason why one needs to invest consistently or accumulate Bitcoin more, and volatility should not be a reason to slow your investment or reduce the amount that is supposed to be invested.

[Big Dirams]

It is true,what an investor need is a source of discretionary income to invest in bitcoin. it isn't mandatory to invest regularly using the DCA strategy you can invest whenever your discretionary income is available. The pressures to sell among newbies during the dip is because they invest with money they cannot afford to lose which is why it is advised to invest using discretionary income so that they can maintain their bitcoin investment for the long term to avoid being tempted to sell prematurely. Using discretionary income to invest will ensure an investor doesn't panic sell when there's a dips

Investing in bitcoin with a discretionary income helps to structured our investments journey most especially when one has the long term mindset of holding our investments. Discretionary income is a strong pillar that holds our investments while aiming for long term growth.
 Risking what can’t afford to loss is a big factor that affect most newbies that comes into bitcoin investing and always feel so frustrated and pressured during market  dips and then not having a discretionary income makes things more worsen because they won’t always see dips as a bigger opportunity to accumulate on lows instead they will have that fear with them of losing everything.
 
 Coming to bitcoin investments we must have understood that the pair is a volatile pair and the outcome isn’t guaranteed to be a success or not so why feeling bad they way round when one understands the concept. That just newbie for us, they always have FOMO (fear of missing out) when it comes to bitcoin investment.

Is there any other strategy that ensures consistency and helps reduce the emotional stress from volatility that's better than the DCA? It might not guarantee success but it has lots of advantage towards being consistent with accumulation. Although some investors feel that once they use a reliable strategy then making lots of money is guaranteed.
 It's not really about the strategy but how patience an investor can be for a lengthy period, even when thngs gets tougher, how well they can hold and also consistent with accumulating too, including being able to protect what they're holding from a third-party.

There might be some other strategies which an investors can apply to their investing journey but each strategy with higher risk and some of this strategy won’t offers the calm and stress free as DCA method.  There are some strategies like;
Will just give brief explanation on them.
1. Trend following: and just as the name implies. It about buying during price highs and staying far from the market during price down.
2. Value averaging (VA): this just works like having a certain target in mind where we need our portfolio to reach, and easily we take dips for advantage because as soon as the market  goes for dips we accumulate for our target.
3. Lump sum+ Buy the dip: it just a strategy where an investor put all his funds into a down trends. Like instead of investing gently and accumulating we instead go in fully.
For instance: an investor has $500 so in DCA we can invest little by little for some months or weeks gradually but with Lump sum we just accumulate our pair with the $500 at once and hope for success outcome. 

 But let not forget some pairs meant not be good for our bitcoin investment journey but they works perfectly for other assets. 

[Rockson1]

Bitcoin has been long tested and trusted most reliable above all coin which has also be rewarding long time hodlers but due to the volatility of bitcoin we are not meant to put all our money in bitcoin but only our discretionary income which is the one lift over after we might have resolved all other important needs, the reason to use your discretionary income is because of it volatile nature and not a guarantee of profit so using money that isn't your discretionary income is a dangerous move.

Do you think it is about volatility that brought about the idea that Bitcoin investors should use only their discreationary income to keep acumulating Bitcoin, I don't think you are right here, I think it is more about practicing Bitcoin investment properly in other to avoid being pressured which in turn can lead you into making some decisions that does not align with Bitcoin investment for a long-term, hope you are aware that many investors already knows about the over emphasized volatilty, most of us understands that volatilty is one those things that Bitcoin can not exist without so i do not buy the idea that investors reason to buy with discreationary income is because of what we already know that it do exist, basic understanding should tell us that we do not need to invest with the large part of our income in any investment at all rather it should be with our left overs after our basic needs are been given attention to and I think that is what every Bitcoin investor that understands these facts are also doing and of curse thats the general investment sense.