JJG’s Outline of Bitcoin Investment Ideas

[Wash Skin]

In a situation whereby someone has very little/no discretionary income. It is not about waiting after some time to gather more money, because that’s only temporary solution. Remember the amount has to be sustainable over time and you don’t want to get stranded again after some time. The best thing is to take a look at his cashflow if there’s a way to reduce or cut off unecessary expenses. Another option is for him to look for ways to multiply his earnings so discretionary becomes reasonable enough to invest in bitcoin and build financial cushion.

The stronger you can make yourself financially, the more weight you can keep, in every case you need to make yourself more successful financially. You need to keep your discretionary income where you can invest Bitcoin regularly weekly or monthly and you can build an emergency fund to sustain it for a long time.
That is why it is important to meet your financial needs, let's see how much you can adapt yourself by following the strategy in this current situation, that is why it is most important to maintain your Bitcoin investment. So in this current situation, you should store your Bitcoin properly and spend the future days risk-free.

[laijsica]

In a situation whereby someone has very little/no discretionary income. It is not about waiting after some time to gather more money, because that’s only temporary solution. Remember the amount has to be sustainable over time and you don’t want to get stranded again after some time. The best thing is to take a look at his cashflow if there’s a way to reduce or cut off unecessary expenses. Another option is for him to look for ways to multiply his earnings so discretionary becomes reasonable enough to invest in bitcoin and build financial cushion.

If the discretionary income is little I think there is no problem since we have the DCA which can help someone accumulate gradually regardless of how big or small one's discretionary income is, so this should not stop someone from investing in Bitcoin but if there is no discretionary income at all then I guess the person should work on their source of income and forget about Bitcoin investment for that particular time so they don't put pressure on themselves.

The advice we provide for investors, if they can carefully consider these factors and implement them, will help them become financially successful as well as a decent holding of Bitcoin. Although the amount of discretionary income is small, an investor who wants to DCA regularly can easily do so and build up a Bitcoin holding. If you have $20 in discretionary income at the end of the week, start with $14 in Bitcoin. As you try to get into a better financial position and get stronger, increase your allocation to Bitcoin.

Finding alternative sources of income will motivate you to be efficient and the DCA method will be a great strategy for building Bitcoin holdings as you actually gain wealth, store of value.

[Crytohillss]

In a situation whereby someone has very little/no discretionary income. It is not about waiting after some time to gather more money, because that’s only temporary solution. Remember the amount has to be sustainable over time and you don’t want to get stranded again after some time. The best thing is to take a look at his cashflow if there’s a way to reduce or cut off unecessary expenses. Another option is for him to look for ways to multiply his earnings so discretionary becomes reasonable enough to invest in bitcoin and build financial cushion.

If the discretionary income is little I think there is no problem since we have the DCA which can help someone accumulate gradually regardless of how big or small one's discretionary income is, so this should not stop someone from investing in Bitcoin but if there is no discretionary income at all then I guess the person should work on their source of income and forget about Bitcoin investment for that particular time so they don't put pressure on themselves.

The advice we provide for investors, if they can carefully consider these factors and implement them, will help them become financially successful as well as a decent holding of Bitcoin. Although the amount of discretionary income is small, an investor who wants to DCA regularly can easily do so and build up a Bitcoin holding. If you have $20 in discretionary income at the end of the week, start with $14 in Bitcoin. As you try to get into a better financial position and get stronger, increase your allocation to Bitcoin.

Finding alternative sources of income will motivate you to be efficient and the DCA method will be a great strategy for building Bitcoin holdings as you actually gain wealth, store of value.

You are right dude, starting little is better than waiting until one have a big amount to invest one thing I would say is that increasing your Bitcoin allocation should come from improving one overall cash flow not simply from deciding to put a huge percentage into Bitcoin.
For instance if someone begin with $15 or $20 of spare money each month they can DCA with an amount that doesn't put pressure on their normal expenses but if they later start getting more the extra income gives one the room to increase their DCA without sacrificing things they suddenly need cash for.

[SPIDERMAN008]

The problem with some people is that they can't tell the difference between their important need and the unimportant ones(wants). Someone that wants to invest into Bitcoin will always want to settle their needs first but when the salary comes, they realise that they have nothing left as discretionary income after budgeting every bills down.  Reason is because they've pured the whole money into things that are necessary and not necessary (planning to buy an expensive designer shoes or clothes, or budgeting for things that are trending or eating out frequently).

There is nothing wrong in enjoying yourself once in a while or buying some nice things for yourself. Investing into bitcoin should not strangle you or make you stop caring for yourself and about your looks. There should be a balance and adequate planning to contain all these life necessities and still priorities investing. I agree that some people can get excessive with their spending which is not entirely good, but total absence of these relaxation or things that makes you look nice makes investment look more like a burden than securing your financial future. You could go ahead and save for them for sometime and get them when you've enough, it shouldn't be a threat to your consistent buys, you can always divide your discretionary income into 3 equal parts(investment fund, savings and discretionary consumption) and keep saving that 33% for discretionary consumption until it is enough to handle such nice treats you want for yourself while you keep investing and building backup funds simultaneously.

The 33%-33%-33% division may not be applicable for everyone. Because not everyone's income, expenses and responsibilities are the same. There are many whose backup fund is already strong, while some have so many responsibilities that if the backup fund is zero, it becomes more important to make it strong as well as dca in bitcoin .

Then the investment in Bitcoin and the backup fund money may have to be divided and allocated as about 50%/50%. When investing in Bitcoin from discretionary income, the fund should be allocated in such a way that sustainability is important. The person who will invest will decide this by calculating his financial status and expenses.

I personally am not in favor of keeping such a fixed ratio. A person will make DCA from discretionary income according to his financial status at that time and put it in the backup fund. And dividing the emergency fund, reserve fund type in the backup fund may seem complicated to a new investor in the beginning. So the simple thing is a person will create a backup fund and invest in Bitcoin according to his convenience.