JJG’s Outline of Bitcoin Investment Ideas

[Umulala-alala]

Snip.

There is nothing wrong with putting in big with the DCA as long as your discretionary income can afford it, people with bigger discretionary can invest an amount that can be considered as lump sum by others with the DCA, the amount of range the DCA has is what makes it the best bitcoin investment strategy among the different bitcoin investment strategies been and that's also why people like using it, it can include different investors with different discretionary budgets.

That's what makes DCA the king of strategies in Bitcoin. DCA is a very democratic strategy, there is no minimum amount for investors. Students can apply the DCA strategy of $20 per week, employees $100 per month and company bosses $1000 per month, different amounts are acceptable to apply depending on the financial capacity that is ready to be invested. The most important thing is to stick to the same rules, invest regularly and don't guess market prices, the only difference is the size of the numbers.

What is needed in the DCA strategy is just discipline, even if your knowledge in investing is very limited and the money you are ready to invest is small, you can still invest safely with DCA. As long as you use discretionary income, there's nothing wrong with investing heavily using DCA, as long as it's not borrowed money or money for other basic needs. If you have an income of $5,000 per month and set aside $500 for investment, that is your version of DCA, while those who only earn $1,000 per month and set aside $100 for investment, then that is their version of DCA.

The examples that you give in your last paragraph need to account for expenses first, otherwise we have no idea if you proposed amounts to set aside for buying bitcoin are even close to reasonable.

In other words, there is a need to figure out discretionary income, so that we are able to figure out how much money is actually available and not necessary to cover various basic expenses.

Discipline isn't wrong to have as an investor but without their discretionary income their investment won't have any chance at success.

In order to succeed in Bitcoin investment you must be very discipline in using your money meaning you must have a very good management skill and you must discipline yourself to follow the management rules you have kept for yourself, and yes if you don't have a discretionary income you cannot succeed in Bitcoin investment, without a discretionary income it is impossible for you to invest in Bitcoin for long time, I don't see anyhow you can succeed or you can hold your bitcoin for long time if you are using money meant for your basic need, so it is only your discretionary income you can use for Bitcoin long term investment.

If you are using money meant for you basic needs to invest in BTC you are gambling already that's not an investment you are making because you will surely sell soon when the needs start coming up. Those who has discretionary income has access to invest in bitcoin and hodl for long because they have been able to meet up with their basic needs and invest with the one left with them so it's going to affect them in any way that will now them to sell since those things has been settled, discretionary income is the right money to buy bitcoin.

[Itz-prisigold]

I feel you are focusing too much on the concept of regular income as a requirement for a person to be consistent in he's or her Bitcoin accumulation. Yeah sure having a set salary could make it easier to follow a set schedule of your weekly or monthly tasks, but consistency does not need to be connected to a specific paycheck cycle.

What matters more here is whether there is discretionary income available when the opportunity for allocation arises.  I believe that a person with irregular income can still accumulate Bitcoin for years, provided he or she can manage their cashflow and they are always investing from discretionary income whenever it's available. The buying might not take place on the very same day each week or month,  but your accumulation process can still remain consistent.

So in my opinion, the limiting factor here is not whether income is regular or irregular,  but whether a person has built up a financial structure that enables them to allocate over time in an enduring manner.

For sure, even though many of us have emphasized that a steady income is not required to either get started buying bitcoin and/or to continue to buy bitcoin whenever there are determinations that the amount of discretionary funds are sufficient in order to be able to buy bitcoin, yet at the same time, it seems way easier to plan ahead when guys either have steady incomes or they have expectations of future steady incomes...   It seems quite likely that the more unsteady a guys income and/or his expenses, then the more likely that he has to build and maintain higher and higher levels of back up funds to account for that unsteadiness, and so for sure, he is not prevented from buying bitcoin on a regular basis, yet he is likely going to have easier times if he can try to get into situations in which his income and/or expenses are able to be made steady and even perhaps trying to cause them to be reliable.

As a guy gets used to buying bitcoin, perhaps on a weekly basis, he may well realize that each time he buys any new bitcoin, he is committing to a 4-10 year or longer timeline in holding that bitcoin, and surely that is a long time, and even guys with steady and stable incomes cannot completely have assurances that their incomes will continue to come in, and many times, guys have to rely upon their knowledge, skills and/or connections to have some sense of reassurance that if some or all of their current cashflows dry up, they will be able to replace those cashflows with some other sources, and it can be difficult to be completely confident in regards to those income and/or expenses matters into the future... yet surely the more and more that guys are able to build up their bitcoin holdings and even their back up funds, then they are likely to have more confidence that they have a variety of sources of funds that should be able to cover them if they run into circumstances in which some or many of their cashflow sources dry up and/or are depleted and/or if their expenses might go up in a significant way.

I believe a crucial aspect of this is that there is a connection between income stability and being able to accumulate Bitcoin, but they are not actually the same thing.  However, a person with irregular income doesn't automatically mean he can't accumulate Bitcoin, but because of the unpredictable nature of his cash flows it is always wish to keep a larger backup funds and invest cautiously.

I also liked the part where you said that every time you buy Bitcoin, you should think of it for the long term. If you begin to view every purchase you make as if it would be in your possession for 4-10 years or longer, you will begin to realize the importance of backup funds.  They enable you to manage unforeseen expenses or period of low earnings without having to feel forced to sell your Bitcoin.

So it's not so much about having a prefect income stability.  It's all about creating enough financial flexibility so that you can still continue to accumulate and hold even if your things do not go according to plan.

[Baki202]

Snip.

There is nothing wrong with putting in big with the DCA as long as your discretionary income can afford it, people with bigger discretionary can invest an amount that can be considered as lump sum by others with the DCA, the amount of range the DCA has is what makes it the best bitcoin investment strategy among the different bitcoin investment strategies been and that's also why people like using it, it can include different investors with different discretionary budgets.

That's what makes DCA the king of strategies in Bitcoin. DCA is a very democratic strategy, there is no minimum amount for investors. Students can apply the DCA strategy of $20 per week, employees $100 per month and company bosses $1000 per month, different amounts are acceptable to apply depending on the financial capacity that is ready to be invested. The most important thing is to stick to the same rules, invest regularly and don't guess market prices, the only difference is the size of the numbers.

What is needed in the DCA strategy is just discipline, even if your knowledge in investing is very limited and the money you are ready to invest is small, you can still invest safely with DCA. As long as you use discretionary income, there's nothing wrong with investing heavily using DCA, as long as it's not borrowed money or money for other basic needs. If you have an income of $5,000 per month and set aside $500 for investment, that is your version of DCA, while those who only earn $1,000 per month and set aside $100 for investment, then that is their version of DCA.

The examples that you give in your last paragraph need to account for expenses first, otherwise we have no idea if you proposed amounts to set aside for buying bitcoin are even close to reasonable.

In other words, there is a need to figure out discretionary income, so that we are able to figure out how much money is actually available and not necessary to cover various basic expenses.

Discipline isn't wrong to have as an investor but without their discretionary income their investment won't have any chance at success.

In order to succeed in Bitcoin investment you must be very discipline in using your money meaning you must have a very good management skill and you must discipline yourself to follow the management rules you have kept for yourself, and yes if you don't have a discretionary income you cannot succeed in Bitcoin investment, without a discretionary income it is impossible for you to invest in Bitcoin for long time, I don't see anyhow you can succeed or you can hold your bitcoin for long time if you are using money meant for your basic need, so it is only your discretionary income you can use for Bitcoin long term investment.

Discipline is very important because when you look at those that are selling, it is because they did understand the fact that they need to sell only when they have made profit and when you don't have management skills, every investor needs to have like a guideline because when you don't do something, the result of them will be selling it, most people are not even patient enough and they don't take things like this seriously.

And a lot of people want to invest but they are not ready to take on the challenges that come with it and one of the major challenges will be holding for a long time and there should be differentiation between investment money and money for upkeep. and that is why from your earnings you will be able to use the DCA method for easy passage. people are wondering or rather still trying to figure out the easy way out.

[SmartCharpa]

if you only buy when "free money is available" then it is no longer DCA.Folks with small income can DCA efficienty as long as the income is regular, while those with irregular income can create their own DCA….during periods of high income, they can put aside a fixed percentage of  cash and later invest little by little during low income periods.
Essential expenses and savings should always come first.

Bitcoin investment does not require steady income, you might think that having a steady income will make your investment become more easier, but there are many people with a steady income who are still finding it difficult to invest because of too much expenses, while someone with an irregular income is able to invest.

If someone with a steady income is finding it difficult to invest, they can cut down their expenses because without discretionary income, it will be difficult to invest.

Moreover, if you are not using the money anytime soon, why can’t you invest the money in Bitcoin instead of saving it in the bank? Bitcoin will increase in value, while the money in the bank will only remain the same as you save it.

[KeenanEl19]

If you are using money meant for you basic needs to invest in BTC you are gambling already that's not an investment you are making because you will surely sell soon when the needs start coming up. Those who has discretionary income has access to invest in bitcoin and hodl for long because they have been able to meet up with their basic needs and invest with the one left with them so it's going to affect them in any way that will now them to sell since those things has been settled, discretionary income is the right money to buy bitcoin.

Using money that is basically to meet basic needs is not recommended because this investment will be successful with us using our own discretionary funds, right what you said using money to invest is likely not to last long with basically it is money for needs so it is likely that this will be needed in the near future so when invested and there is already a profit then most likely this will end up selling it.

This is the importance of financial management, we have an income that can be spent is not enough because if we can not manage it well yes to meet the needs there may be problems or shortages. What is recommended is to invest with discretionary funds with the aim that the investment is not disturbed, because this will work in the long run.

[JayJuanGee]

I don't think it always has to be calculated down to an exact figure. Let take for  an instance if a person has some money  left  after settling all necessary bill, that he can either spend, save, or invest without affecting his finances, then that is already discretionary income because the exact amount may change from month to month, its never measured in any particular figure rather at times investor may decide to take some percentage of the money they have after settling all necessary bilI  to buy bitcoin and save  the remaining  percentage as backup fund.

For me what matters most is knowing that the money being used for Bitcoin is not needed for essential expenses and being disciplined enough to invest only what can comfortably be left untouched for the long term.

Discretionary money also changes regularly due to changing inflation and changing expenses. Every month or week, the expenses are not the same amount, but our income is stable in the short term. Due to unstable expenses and stable income, the amount of discretionary money may be less in some months/weeks or more in some months. So it is difficult to say what percentage of our total income should be invested or what percentage should be kept under the backup fund. But we can plan in advance how to manage discretionary money considering the situation.

However, there are still some investors who can keep their monthly or weekly expenses relatively stable with their financial management skills and can also provide discretionary money stably. But we should adapt to the changing necessary expenses, in which case sometimes your discretionary money may be less and sometimes it may be more.

If guys are making proper categorization of their basic expenses and largely distinguishing needs from wants, then by the time the subtract out all of the needs from their income, then they are left with their discretionary funds, and surely guys could establish some mostly set percentage of investment versus savings versus discretionary consumption (such as 33.3% each).

As you mentioned it is more difficult to have a set percentage of the overall income, unless a person is largely confident that his discretionary income is sufficient to cover whatever target percentage that he wants to achieve or maybe he has some extra reserve funds that he has set aside in order to cover any short-falls that he might have in his discretionary income in any particular pay period.

Frequently guys will talk about one of the better ways to maximize their level of bitcoin investing aggressiveness is to measure how much that they are able to invest each pay period and to keep that amount flexible so that they can tend towards the higher possible amounts based on how much discretionary funds are available any pay period (or any particular week if guys in their earlier stages of bitcoin accumulation might be trying to make sure to buy bitcoin every week).

[Razmirraz]

if you only buy when "free money is available" then it is no longer DCA.Folks with small income can DCA efficienty as long as the income is regular, while those with irregular income can create their own DCA….during periods of high income, they can put aside a fixed percentage of  cash and later invest little by little during low income periods.
Essential expenses and savings should always come first.

Bitcoin investment does not require steady income, you might think that having a steady income will make your investment become more easier, but there are many people with a steady income who are still finding it difficult to invest because of too much expenses, while someone with an irregular income is able to invest.

If someone with a steady income is finding it difficult to invest, they can cut down their expenses because without discretionary income, it will be difficult to invest.

Moreover, if you are not using the money anytime soon, why can’t you invest the money in Bitcoin instead of saving it in the bank? Bitcoin will increase in value, while the money in the bank will only remain the same as you save it.

It's true that investing doesn't always require a steady income. The importance of allocating funds to investments to protect them from inflation is also a very wise decision. However, transferring all your savings to Bitcoin carries high risks due to its extreme volatility. Discipline in managing finances (reducing excess spending) is more crucial to investment success than simply having a fixed income, but having an income (even if it is not fixed) that leaves some discretionary income is still an absolute requirement for someone to be able to invest. Even if you don't have a steady income, you can still invest in Bitcoin, but you should not ignore the main principle in Bitcoin investment "only use money that you can afford to risk" and not interfere with basic needs or basic profits if the money is lost.

[JayJuanGee]

if you only buy when "free money is available" then it is no longer DCA.Folks with small income can DCA efficienty as long as the income is regular, while those with irregular income can create their own DCA….during periods of high income, they can put aside a fixed percentage of  cash and later invest little by little during low income periods.
Essential expenses and savings should always come first.

Bitcoin investment does not require steady income, you might think that having a steady income will make your investment become more easier, but there are many people with a steady income who are still finding it difficult to invest because of too much expenses, while someone with an irregular income is able to invest.

If someone with a steady income is finding it difficult to invest, they can cut down their expenses because without discretionary income, it will be difficult to invest.

Moreover, if you are not using the money anytime soon, why can’t you invest the money in Bitcoin instead of saving it in the bank? Bitcoin will increase in value, while the money in the bank will only remain the same as you save it.

It's true that investing doesn't always require a steady income. The importance of allocating funds to investments to protect them from inflation is also a very wise decision. However, transferring all your savings to Bitcoin carries high risks due to its extreme volatility. Discipline in managing finances (reducing excess spending) is more crucial to investment success than simply having a fixed income, but having an income (even if it is not fixed) that leaves some discretionary income is still an absolute requirement for someone to be able to invest. Even if you don't have a steady income, you can still invest in Bitcoin, but you should not ignore the main principle in Bitcoin investment "only use money that you can afford to risk lose" and not interfere with basic needs or basic profits if the money is lost.

FTFY - Maybe you can call me "the word police?"  

The actual expression in bitcoin investing (and any other investing) and even  in trading, is to  "only use money that you can afford to lose."  To me, it seems a bit retarded, or disconnected that so many guys are "afraid to" to use the actual expression and they want to substitute the expression for some disconnected and meaningless expression - because it seems that they want to detach themselves from the risk of bitcoin as an investment, as if bitcoin as an investment is guaranteed, when it is not.  

Sure we consider bitcoin to be amongst the best of investments if not the best, but it still does not cause it to be guaranteed or that we can imply that there are not risks of completely or mostly losing it...and leaving the impression more vague.. about what you are willing to "risk".. that just seems like another expectation that there is some kind of guarantee in the investment or that you want to soften the impact of the actual expression.  

I am not sure if you are using that "risk" versus "loss" language for your own psychology benefit or in order to describe expectations that other guys should have, which I think it is false to be trying to water down the expression to leave guys with some sense of guaranteed recovery, when that is not true.  

Why change the expression to make your investment into bitcoin feel better? or are you doing it for other guys?

[impulse709]

if you only buy when "free money is available" then it is no longer DCA.Folks with small income can DCA efficienty as long as the income is regular, while those with irregular income can create their own DCA….during periods of high income, they can put aside a fixed percentage of  cash and later invest little by little during low income periods.
Essential expenses and savings should always come first.

Bitcoin investment does not require steady income, you might think that having a steady income will make your investment become more easier, but there are many people with a steady income who are still finding it difficult to invest because of too much expenses, while someone with an irregular income is able to invest.

If someone with a steady income is finding it difficult to invest, they can cut down their expenses because without discretionary income, it will be difficult to invest.

Moreover, if you are not using the money anytime soon, why can’t you invest the money in Bitcoin instead of saving it in the bank? Bitcoin will increase in value, while the money in the bank will only remain the same as you save it.

It's true that investing doesn't always require a steady income. The importance of allocating funds to investments to protect them from inflation is also a very wise decision. However, transferring all your savings to Bitcoin carries high risks due to its extreme volatility. Discipline in managing finances (reducing excess spending) is more crucial to investment success than simply having a fixed income, but having an income (even if it is not fixed) that leaves some discretionary income is still an absolute requirement for someone to be able to invest. Even if you don't have a steady income, you can still invest in Bitcoin, but you should not ignore the main principle in Bitcoin investment "only use money that you can afford to risk" and not interfere with basic needs or basic profits if the money is lost.

Abandering with regards, I believe that discretionary income is the important thing, not whether or not your income is regular or irregular. For many people who have fixed salaries. It can be difficult to invest since they have not got enough money to cover their lifestyle and for some. Individuals who have seasonal income or freelance income. It might be difficult to inves. Yet they can if they budget their money well. But it is not advisable to invest all the savings in Bitcoin. An emergency fund should always be kept separate as there are times of emergency which may occur at any time. While Bitcoin is a great long-term investment. Its volatility also makes it a good investment choice only when you're investing money that is not going to be needed in the short term. It is very important to practice financial discipline and risk management. Just like regular Bitcoin purchases.

[alankasman]

Abandering with regards, I believe that discretionary income is the important thing, not whether or not your income is regular or irregular. For many people who have fixed salaries. It can be difficult to invest since they have not got enough money to cover their lifestyle and for some. Individuals who have seasonal income or freelance income. It might be difficult to inves. Yet they can if they budget their money well. But it is not advisable to invest all the savings in Bitcoin. An emergency fund should always be kept separate as there are times of emergency which may occur at any time. While Bitcoin is a great long-term investment. Its volatility also makes it a good investment choice only when you're investing money that is not going to be needed in the short term. It is very important to practice financial discipline and risk management. Just like regular Bitcoin purchases.

It's important for those who know how to use discretionary income and I see the idea you convey is very valid. It means that currently many people are not without income but have finances that exceed what they need so they prefer to squander their finances by living a more luxurious lifestyle. They don't want to invest at all whether through buying Bitcoin or in other ways that become their savings for the future because we don't know what our life will be like in the future. This is what often happens to those who currently prefer a luxurious lifestyle rather than thinking about their savings for the future. In general how life will happen in the future will certainly not always be the same as what is felt now.

In fact, if they set aside part of their salary for their savings to invest in Bitcoin unless they do not have an income we cannot try to encourage them to invest because their income is not enough let alone making investments that are used as savings it is certainly difficult because of the lack of income and this does not mean forcing those who have a fixed income but lifestyle is only temporary so if they can set aside a little I think their lives in the future will be easier and more practical because they do not bother themselves to continue doing activities anymore especially when their age is already advanced of course they will not be strong and able to continue our struggle so here is where new thoughts arise about what has been done when it was easy to have finances truly regret will arise at that time even though if they invest regularly when it is easy to have income this will make them enjoy their retirement because investing in Bitcoin is quite easy and regular for those who have finances that are stable every month in terms of income especially if the management is good.

[SPIDERMAN008]

Abandering with regards, I believe that discretionary income is the important thing, not whether or not your income is regular or irregular. For many people who have fixed salaries. It can be difficult to invest since they have not got enough money to cover their lifestyle and for some. Individuals who have seasonal income or freelance income. It might be difficult to inves. Yet they can if they budget their money well. But it is not advisable to invest all the savings in Bitcoin. An emergency fund should always be kept separate as there are times of emergency which may occur at any time. While Bitcoin is a great long-term investment. Its volatility also makes it a good investment choice only when you're investing money that is not going to be needed in the short term. It is very important to practice financial discipline and risk management. Just like regular Bitcoin purchases.

You are right that when investing in Bitcoin, whether the income is regular or irregular is not the main issue. Whether discretionary income is generated is more important in the case of investing in Bitcoin. So it is not always true that investment will be easy if there is a stable income.. Because despite the income of many people, discretionary income is not generated due to additional expenses and responsibilities. On the other hand, those whose income is not predictable can also invest with the extra money left after meeting the necessary expenses because their responsibilities and expenses may be less. However, there is a mistake to avoid here, which is that savings and emergency fund are not the same thing. So  3 months of expenses equivalent to the necessary expenses will be kept as a backup. And besides investing in Bitcoin, one can also keep some fiat currency savings or buy some other asset that can give good value in the long run, such as gold, land or apartment types . Even an investor does not have to invest all his money only in Bitcoin. He can also invest in other sectors if he wants. It is his personal decision.

[BluebloodCXVI]

If guys are making proper categorization of their basic expenses and largely distinguishing needs from wants, then by the time the subtract out all of the needs from their income, then they are left with their discretionary funds, and surely guys could establish some mostly set percentage of investment versus savings versus discretionary consumption (such as 33.3% each).

As you mentioned it is more difficult to have a set percentage of the overall income, unless a person is largely confident that his discretionary income is sufficient to cover whatever target percentage that he wants to achieve or maybe he has some extra reserve funds that he has set aside in order to cover any short-falls that he might have in his discretionary income in any particular pay period.

Frequently guys will talk about one of the better ways to maximize their level of bitcoin investing aggressiveness is to measure how much that they are able to invest each pay period and to keep that amount flexible so that they can tend towards the higher possible amounts based on how much discretionary funds are available any pay period (or any particular week if guys in their earlier stages of bitcoin accumulation might be trying to make sure to buy bitcoin every week).

Of course it is better for folks to base their investment amount on whatever discretionary income that is available to them at the time; it is a lot more practical than trying to force a fixed percentage of their total income, especially since expenses can change from one pay period to the next.
One thing i’ll also add is that being flexible with our investment doesn’t have to mean that they should be inconsistent. So even if the amount that they have to use to buy changes, it’s still helpful to have a minimum amount that they will invest at each pay period then whenever they have more discretionary cash at hand than usual, they can just simply increase it. I believe that them doing it this way will help them to keep their habit of consistency intact without them having to put unnecessary pressure on their finances.
Anytime a person’s income goes up or they have sorted a major expense, i think it will be a good idea for them  to increase their investment buys before their spending takes over and expands to fill the gap.

[JayJuanGee]

Abandering with regards, I believe that discretionary income is the important thing, not whether or not your income is regular or irregular. For many people who have fixed salaries. It can be difficult to invest since they have not got enough money to cover their lifestyle and for some. Individuals who have seasonal income or freelance income. It might be difficult to inves. Yet they can if they budget their money well. But it is not advisable to invest all the savings in Bitcoin. An emergency fund should always be kept separate as there are times of emergency which may occur at any time. While Bitcoin is a great long-term investment. Its volatility also makes it a good investment choice only when you're investing money that is not going to be needed in the short term. It is very important to practice financial discipline and risk management. Just like regular Bitcoin purchases.

You are right that when investing in Bitcoin, whether the income is regular or irregular is not the main issue. Whether discretionary income is generated is more important in the case of investing in Bitcoin. So it is not always true that investment will be easy if there is a stable income.. Because despite the income of many people, discretionary income is not generated due to additional expenses and responsibilities. On the other hand, those whose income is not predictable can also invest with the extra money left after meeting the necessary expenses because their responsibilities and expenses may be less. However, there is a mistake to avoid here, which is that savings and emergency fund are not the same thing. So  3 months of expenses equivalent to the necessary expenses will be kept as a backup. And besides investing in Bitcoin, one can also keep some fiat currency savings or buy some other asset that can give good value in the long run, such as gold, land or apartment types . Even an investor does not have to invest all his money only in Bitcoin. He can also invest in other sectors if he wants. It is his personal decision.

Maybe if you are wanting to distinguish between savings and emergency funds, you need to explain better?

We frequently talk about various kinds of back up funds, which are really emergency funds, reserve funds and float.  Generally when people refer to the term savings, they are talking about reserve funds, yet they could be talking about emergency funds, and so the concepts can sometimes overlap.

In regards, to your suggesting the investment in other assets, you likely need to give more context for why you think that it is necessary to talk about those kinds of matters in this particular thread, which is about bitcoin.

Maybe you can give some example in regards to why you might consider those other assets to be relevant? or how they might play into my ideas about bitcoin investing, which happens to be the subject of this thread.

If guys are making proper categorization of their basic expenses and largely distinguishing needs from wants, then by the time the subtract out all of the needs from their income, then they are left with their discretionary funds, and surely guys could establish some mostly set percentage of investment versus savings versus discretionary consumption (such as 33.3% each).

As you mentioned it is more difficult to have a set percentage of the overall income, unless a person is largely confident that his discretionary income is sufficient to cover whatever target percentage that he wants to achieve or maybe he has some extra reserve funds that he has set aside in order to cover any short-falls that he might have in his discretionary income in any particular pay period.

Frequently guys will talk about one of the better ways to maximize their level of bitcoin investing aggressiveness is to measure how much that they are able to invest each pay period and to keep that amount flexible so that they can tend towards the higher possible amounts based on how much discretionary funds are available any pay period (or any particular week if guys in their earlier stages of bitcoin accumulation might be trying to make sure to buy bitcoin every week).

Of course it is better for folks to base their investment amount on whatever discretionary income that is available to them at the time; it is a lot more practical than trying to force a fixed percentage of their total income, especially since expenses can change from one pay period to the next.

Yeah but guys can do whatever they like in regards to formulas.

Sure, there are advantages that guys understand the various basic ideas (and/or learn them as they go), yet I am having trouble understanding how it would be problematic that they might be attempting to look at their bitcoin accumulation practices and/or even their bitcoin stack as they are building it (presumptively alongside of stengthening their cashflow management practices/systems, if needed).

Of course, if they are fucking up and spending beyond their discretionary funds or making some other mistakes like that, then they might need to rethink what they are doing and how they are framing their goals and their practices.

One thing i’ll also add is that being flexible with our investment doesn’t have to mean that they should be inconsistent. So even if the amount that they have to use to buy changes, it’s still helpful to have a minimum amount that they will invest at each pay period then whenever they have more discretionary cash at hand than usual, they can just simply increase it.

I like the idea, especially for beginners (even guys in their first 1-2 cycles who consider themselves in their early bitcoin accumulation stages) to create systems that try to force themselves to buy bitcoin every week or some other reasonable period that causes them to prioritize both staying active in bitcoin and looking at bitcoin on a very regular basis... and so yeah, they can also add to whatever minimum amount that they might have set for themselves, which likely ends up playing out as a way to try to make themselves more aggressive (and putting higher priorities) on their ongoing accumulation of bitcoin.

I believe that them doing it this way will help them to keep their habit of consistency intact without them having to put unnecessary pressure on their finances.
Anytime a person’s income goes up or they have sorted a major expense, i think it will be a good idea for them  to increase their investment buys before their spending takes over and expands to fill the gap.

It seems to me that even guys who have fairly steady incomes and fairly regular expenses, from time to time, they are going to have changes in their income and/or expenses that might either increase or decrease their discretionary funds, and surely guys can have systems in place in which they attempt to prioritize the buying of bitcoin, which may well be easier if they do not have complicated relationships (or family or business matters) that might compete for any extra discretionary funds that might come available from time to time.  Guys might not realize when they are being sloppy in their own assessment of the amounts of their discretionary funds that they are using to buy bitcoin or to put into their back up funds or other discretionary consumption that they do.. and yeah, if a guy decides to buy an iphone with some extra money that he has and he cannot afford it straight out, so he has to make payments for 6 months, then yeah, those Iphone payments will end up becoming basic expenses (even though the iphone itself had started out at a luxury and/or discretionary item), so surely sometimes guys can put themselves in their own pickle, and might not always be able to decide if it might be better to defer their consumption or to consume earlier.. and take another example of a guy who might be trying to build a relationship with a person who he considers to be a possible future life partner, so he might feel that he needs to spend more money in order to attempt to put himself in a better position with that relationship that he is building with a potential life-partner...so yeah, there surely can be competing interests and demands on discretionary funds....and it might not always be feasible to give as much priority to our bitcoin buys as we would like to give to them.

[ZeroVinsonN]

The misunderstanding there is that people can't just set funds out of their income when they don't understand how much of it will be their discretionary income, acting without knowing what your discretionary income is or having an idea of what range of their income will ultimately become discretionary, if this isn't known then people will end up investing with more than their actual discretionary income simply because they failed to figure out their discretionary income.
Discipline isn't wrong to have as an investor but without their discretionary income their investment won't have any chance at success.

Actually, this is very easy for anyone with an income to figure out because it belongs to them. Everyone simply needs to see how much income is left after they spend it on daily expenses, which is something that should not be neglected on a regular basis. So, the remaining profit can be directly used to invest in Bitcoin, although the amount may not always be the same each week or month, as it's also influenced by your needs and expenses. So, it's a very simple matter and doesn't require much thought. Because those who struggle to invest are those without a regular income or those whose income is consistently insufficient to cover their daily needs.

You misunderstand something here, yes we invest in bitcoin with our discretionary income but to be able to invest with all of your discretionary income then you have to be as aggressive as can be and not everyone can tolerate that level of aggressiveness, talking about is easy but the truth is that people have things they spend money on that's doesn't fit into their essentials expenses, these are their discretionary spendings and if you spend your entire discretionary income on accumulating bitcoin then there will be nothing left for these other things, of course they are not essential so they can be ignored but not by everyone.

[Silikiem]

If you are using money meant for you basic needs to invest in BTC you are gambling already that's not an investment you are making because you will surely sell soon when the needs start coming up. Those who has discretionary income has access to invest in bitcoin and hodl for long because they have been able to meet up with their basic needs and invest with the one left with them so it's going to affect them in any way that will now them to sell since those things has been settled, discretionary income is the right money to buy bitcoin.

Using money that is basically to meet basic needs is not recommended because this investment will be successful with us using our own discretionary funds, right what you said using money to invest is likely not to last long with basically it is money for needs so it is likely that this will be needed in the near future so when invested and there is already a profit then most likely this will end up selling it.

This is the importance of financial management, we have an income that can be spent is not enough because if we can not manage it well yes to meet the needs there may be problems or shortages. What is recommended is to invest with discretionary funds with the aim that the investment is not disturbed, because this will work in the long run.

Saying that there’s already a profit looks kind of misleading because profit is not a guarantee in bitcoin so you can’t be so certain that there’s already a profit due to high volatility of bitcoin, in as much as it has a potential of profit, don’t also forget that it has a potential of loses and making one to lose his investment even more dangerous when investing with a cash you can’t let go for a long term.

I also want to emphasize that profit isn’t the major reason why most of them who invest with cash meant to sort out their basic needs will likely sell off their bitcoin holdings in a short term weather they are in profit or not they are going to be forced to sell quickly because they will surely need money to settle their basic needs when the pressure keep piling up on them because no matter how you try to escape it as a man you cannot escape your basic life expenses such as money for food, rents, shelter, clothing, and payment of other utilities. At this point, they must sell prematurely and even more worse as a result of bitcoins volatility they will likely sell at a huge loss just so they could recoup out some cash to sort out their life basic needs.

[Rockstarguy]

Using money that is basically to meet basic needs is not recommended because this investment will be successful with us using our own discretionary funds, right what you said using money to invest is likely not to last long with basically it is money for needs so it is likely that this will be needed in the near future so when invested and there is already a profit then most likely this will end up selling it.

This is the importance of financial management, we have an income that can be spent is not enough because if we can not manage it well yes to meet the needs there may be problems or shortages. What is recommended is to invest with discretionary funds with the aim that the investment is not disturbed, because this will work in the long run.

In an investment like Bitcoin, when you are negligent with your finances or not investing with the right fund, in most cases there is always a consequence. Investment is all about planning and good management of money because it helps achieve better results from an investment. When money that is meant for something else is used to invest in Bitcoin, and when there is a demand for that very thing, you may not have any choice but to tamper with the investment to solve the very thing for which the money is needed.

This is why planning and management of funds are important, and when investing, you don’t have to be bothered because you are already using the right money that is meant to be invested in Bitcoin. Investors need to consider planning and management of money as a priority when investing in Bitcoin to avoid distractions.

[Charcol]

The misunderstanding there is that people can't just set funds out of their income when they don't understand how much of it will be their discretionary income, acting without knowing what your discretionary income is or having an idea of what range of their income will ultimately become discretionary, if this isn't known then people will end up investing with more than their actual discretionary income simply because they failed to figure out their discretionary income.
Discipline isn't wrong to have as an investor but without their discretionary income their investment won't have any chance at success.

Actually, this is very easy for anyone with an income to figure out because it belongs to them. Everyone simply needs to see how much income is left after they spend it on daily expenses, which is something that should not be neglected on a regular basis. So, the remaining profit can be directly used to invest in Bitcoin, although the amount may not always be the same each week or month, as it's also influenced by your needs and expenses. So, it's a very simple matter and doesn't require much thought. Because those who struggle to invest are those without a regular income or those whose income is consistently insufficient to cover their daily needs.

You misunderstand something here, yes we invest in bitcoin with our discretionary income but to be able to invest with all of your discretionary income then you have to be as aggressive as can be and not everyone can tolerate that level of aggressiveness, talking about is easy but the truth is that people have things they spend money on that's doesn't fit into their essentials expenses, these are their discretionary spendings and if you spend your entire discretionary income on accumulating bitcoin then there will be nothing left for these other things, of course they are not essential so they can be ignored but not by everyone.

I think you're confusing discretionary income with extra spending/personal consumption money.
No one is saying that having money left over from basic expenses means you have to spend all of your discretionary income in Bitcoin. Rather, an investor can divide their discretionary income as they see fit. They can put some into an emergency fund, some into reserves, and some into investments. So I wouldn't see "buying Bitcoin with extra income" as meaning "pouring all of your extra income into Bitcoin" as one thing, but as two separate things.

[Cossyblack]

If you are using money meant for you basic needs to invest in BTC you are gambling already that's not an investment you are making because you will surely sell soon when the needs start coming up. Those who has discretionary income has access to invest in bitcoin and hodl for long because they have been able to meet up with their basic needs and invest with the one left with them so it's going to affect them in any way that will now them to sell since those things has been settled, discretionary income is the right money to buy bitcoin.

Your right. Our basic needs is a top priority because we cannot function well as human beings without them it is important before you invest in bitcoin, you must ensure your basic needs has been taken care off and then whatever that is remaining can be used to invest in bitcoin. Folks that invests money for their basic needs in bitcoin may be forced to sell their bitcoin to meet up those basic when the pressure becomes unbearable. After you receive weekly/ monthly income or salary, it is essential for folks o prioritise their basic needs before  invest in bitcoin otherwise they are not investing but gambling with their bitcoin portfolio.

[Different patterns]

I believe that them doing it this way will help them to keep their habit of consistency intact without them having to put unnecessary pressure on their finances.
Anytime a person’s income goes up or they have sorted a major expense, i think it will be a good idea for them  to increase their investment buys before their spending takes over and expands to fill the gap.

It seems to me that even guys who have fairly steady incomes and fairly regular expenses, from time to time, they are going to have changes in their income and/or expenses that might either increase or decrease their discretionary funds, and surely guys can have systems in place in which they attempt to prioritize the buying of bitcoin, which may well be easier if they do not have complicated relationships (or family or business matters) that might compete for any extra discretionary funds that might come available from time to time.  Guys might not realize when they are being sloppy in their own assessment of the amounts of their discretionary funds that they are using to buy bitcoin or to put into their back up funds or other discretionary consumption that they do.. and yeah, if a guy decides to buy an iphone with some extra money that he has and he cannot afford it straight out, so he has to make payments for 6 months, then yeah, those Iphone payments will end up becoming basic expenses (even though the iphone itself had started out at a luxury and/or discretionary item), so surely sometimes guys can put themselves in their own pickle, and might not always be able to decide if it might be better to defer their consumption or to consume earlier.. and take another example of a guy who might be trying to build a relationship with a person who he considers to be a possible future life partner, so he might feel that he needs to spend more money in order to attempt to put himself in a better position with that relationship that he is building with a potential life-partner...so yeah, there surely can be competing interests and demands on discretionary funds....and it might not always be feasible to give as much priority to our bitcoin buys as we would like to give to them.

I share that view, In reality, a lot of folks don’t have a stable income and also the same amount of spare funds every month, some times things change because of unexpected emergency and family responsibilities at times changes in income too, however, this is the reason why to having a clear plan about the investment is so important. because the goal isn’t to force yourself to buy exact amount regardless of your situation, but to make bitcoin one of your top concerns whenever discretionary income is available. Amount can decrease during the difficult times and can also increase during the good months, but consistency doesn’t necessarily mean perfection, it means continuing to prioritize bitcoin when your financial reasonably allows.