Buy Buy Buy or Sell Sell Sell?

[PhilosopherKing]

If folks are faced with responsibility and expenses to take care of just as you said, and if they eventually take care of them and no extra money is left with them. Then that means that there is no discretionary income left since it is the responsibility and expenses that eliminated the availability of discretionaryy income...So if folks cannot invest because of responsibilities and expenses, it all still boils down to the un-availability of discretionary income.. Coz discretionary income is what is needed for investment.. So what's exactly is your argument?

If a person does not have sufficient discretionary funds, he cannot start investing in Bitcoin.

That's just some lazy excuse dude. Do you think it is until you buy 1 whole BTC that you can become an investor huh?

Get it that you don't have to be rich and have all the money in the world before starting bitcoin. Investing is all about priority. So instead of wasting your discretionary on flamboyant lifestyle, you can use it to start bitcoin, it dosen't matter if you start small because you can always increase later.

[Jamestown70]

If folks are faced with responsibility and expenses to take care of just as you said, and if they eventually take care of them and no extra money is left with them. Then that means that there is no discretionary income left since it is the responsibility and expenses that eliminated the availability of discretionaryy income...So if folks cannot invest because of responsibilities and expenses, it all still boils down to the un-availability of discretionary income.. Coz discretionary income is what is needed for investment.. So what's exactly is your argument?

If a person does not have sufficient discretionary funds, he cannot start investing in Bitcoin.

That's just some lazy excuse dude. Do you think it is until you buy 1 whole BTC that you can become an investor huh?

Get it that you don't have to be rich and have all the money in the world before starting bitcoin. Investing is all about priority. So instead of wasting your discretionary on flamboyant lifestyle, you can use it to start bitcoin, it dosen't matter if you start small because you can always increase later.

You’ve all said from your point of view and its understandable, making those plans, setting your priorities and your discretionary fund are some of the major things an investor needs to set those peepers on, but for someone that doesn’t have a discretionary fund available or their income is not enough to take care of their basic needs and bills, telling such person to invest in Bitcoin is like Setting a time bomb waiting to be tampered with. If such person should invest into Bitcoin, he’ll end up liquidating it sooner than expected.
If folk is determine to invest in Bitcoin and doesn’t have discretionary fund, first they have to work on how to get a good paying job and/or sort out other means of getting funds that’ll be able to sort their basic needs and still have some left out funds they won’t be needing for a long time. Then they can proceed to investing in Bitcoin.

[Silikiem]

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?

Why markets move is because of demand and supply. Most time, they're heavily influenced by fear, timing, and greed. People always buy when excitement is high and sell when fear takes over, which is why sometimes it feels like price moves against them. The market has cycles, and entering at the wrong phase leads to losses. Large investors and overall market sentiment add to volatility, especially in crypto. It's not about whether it's buy or sell time; it's about having a clear strategy, understanding the cycle, and managing risk instead of reacting emotionally

As a newbie you need to be careful not to refer to bitcoin as crypto because there are so many cryptos out there that are really shitcoins with no real value. You should be specific with bitcoin and be mindful of what you’re investing in so that you don’t end up regretting at last and start blaming everything on bitcoin.

And talking about market circles and entering at the wrong or right phase looks more of a traders mindset and not a true long term investors mindset. Only traders will seek to time the market before they can buy bitcoin and invest so that they can sell for quick cheap gains. A long term bitcoin investor don’t need to worry about market circles and market timing before buying bitcoin and hold, the DCA buying pattern is designed to enable investors buy bitcoin at any market price with just a discretionary income without having to time the market and it also helps to reduce or mitigate the risk  of the impact of market volatility. What you need to focus on is to figure out a discretionary income to regularly buy bitcoin with the DCA method and hold for long term goal.

[Bigjoe33]

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?

Why markets move is because of demand and supply. Most time, they're heavily influenced by fear, timing, and greed. People always buy when excitement is high and sell when fear takes over, which is why sometimes it feels like price moves against them. The market has cycles, and entering at the wrong phase leads to losses. Large investors and overall market sentiment add to volatility, especially in crypto. It's not about whether it's buy or sell time; it's about having a clear strategy, understanding the cycle, and managing risk instead of reacting emotionally

When do you think is the right time to enter the market? The market does not have any wrong time to enter except you start accumulating with your main income without figuring out your discretionary income. This will cause you problems and make you panic sell when real financial needs arises. If an investor is able to figure out his discretionary income, then he can begin investing in bitcoin, and there is no problem with that.

What do you mean by crypto, are you referring to bitcoin as crypto? If that's what you mean, then its wrong to refer to bitcoin as crypto, as  there are so many crypto that are not valuable like bitcoin, but are just mere pump and dump coins, but bitcoin is valuable and has proven to be a store of value over the years. So it's best to be specific when referring to bitcoin, calling it BITCOIN and not crypto.

[I_Anime]

If folks are faced with responsibility and expenses to take care of just as you said, and if they eventually take care of them and no extra money is left with them. Then that means that there is no discretionary income left since it is the responsibility and expenses that eliminated the availability of discretionaryy income...So if folks cannot invest because of responsibilities and expenses, it all still boils down to the un-availability of discretionary income.. Coz discretionary income is what is needed for investment.. So what's exactly is your argument?

If a person does not have sufficient discretionary funds, he cannot start investing in Bitcoin.

That's just some lazy excuse dude. Do you think it is until you buy 1 whole BTC that you can become an investor huh?

Get it that you don't have to be rich and have all the money in the world before starting bitcoin. Investing is all about priority. So instead of wasting your discretionary on flamboyant lifestyle, you can use it to start bitcoin, it dosen't matter if you start small because you can always increase later.

That’s why you need to have the right mindset towards your investment, like not seeing your investment as a get rich quick scheme rather something you will have to build with time . Because there’s no short cut and is not necessary that you must start with large sum of amount , you can start with any amount you afford , to the extent that one can start with as low as $10 .

[icebar]

If folks are faced with responsibility and expenses to take care of just as you said, and if they eventually take care of them and no extra money is left with them. Then that means that there is no discretionary income left since it is the responsibility and expenses that eliminated the availability of discretionaryy income...So if folks cannot invest because of responsibilities and expenses, it all still boils down to the un-availability of discretionary income.. Coz discretionary income is what is needed for investment.. So what's exactly is your argument?

If a person does not have sufficient discretionary funds, he cannot start investing in Bitcoin.

That's just some lazy excuse dude. Do you think it is until you buy 1 whole BTC that you can become an investor huh?

Get it that you don't have to be rich and have all the money in the world before starting bitcoin. Investing is all about priority. So instead of wasting your discretionary on flamboyant lifestyle, you can use it to start bitcoin, it dosen't matter if you start small because you can always increase later.

When someone starts with a small amount of money, say $10, the risk is low, but the importance of a prudent fund cannot be ignored. We basically create a prudent fund to deal with large financial risks. So if someone has a long-term goal, especially if they plan to increase the amount over time after starting, then a prudent fund should be set up. But when an investor invests with a very small amount of money, it is not that they cannot start without funds.

[Fara Chan]

<<<

<<<

That's just some lazy excuse dude. Do you think it is until you buy 1 whole BTC that you can become an investor huh?

Get it that you don't have to be rich and have all the money in the world before starting bitcoin. Investing is all about priority. So instead of wasting your discretionary on flamboyant lifestyle, you can use it to start bitcoin, it dosen't matter if you start small because you can always increase later.

There's always a reason for people being lazy and not wanting to invest in Bitcoin. These people usually don't look for ways to invest in Bitcoin, but rather find excuses to appear busy, even though they fundamentally dislike Bitcoin. I think most people have the initial capital to invest in Bitcoin. It's just that sometimes, doubts about Bitcoin hinder them, making them appear lazy about finding ways to invest and instead presenting illogical reasons for thinking. And I don't think such people need to be given advice because they're usually more likely to blame others when they don't immediately see a profit from their investment.

[Grease5000]

If folks are faced with responsibility and expenses to take care of just as you said, and if they eventually take care of them and no extra money is left with them. Then that means that there is no discretionary income left since it is the responsibility and expenses that eliminated the availability of discretionaryy income...So if folks cannot invest because of responsibilities and expenses, it all still boils down to the un-availability of discretionary income.. Coz discretionary income is what is needed for investment.. So what's exactly is your argument?

If a person does not have sufficient discretionary funds, he cannot start investing in Bitcoin.

That's just some lazy excuse dude. Do you think it is until you buy 1 whole BTC that you can become an investor huh?

Get it that you don't have to be rich and have all the money in the world before starting bitcoin. Investing is all about priority. So instead of wasting your discretionary on flamboyant lifestyle, you can use it to start bitcoin, it dosen't matter if you start small because you can always increase later.

When someone starts with a small amount of money, say $10, the risk is low, but the importance of a prudent fund cannot be ignored. We basically create a prudent fund to deal with large financial risks. So if someone has a long-term goal, especially if they plan to increase the amount over time after starting, then a prudent fund should be set up. But when an investor invests with a very small amount of money, it is not that they cannot start without funds.

I agree with you to an extent. But it's  important for someone whose plan is to accumulate and hold Bitcoin for the long term to have enough discretionary income because this money you can use to buy Bitcoin comfortably without having to worry about it.
If an investor don't have enough discretionary income he may be tempted to use money meant for other things to purchase bitcoin this could be money meant for rent, or daily basic need which could be risky because here investor don't  only worry about Bitcoin price variation but with more of his financial situation. Because whatever decision he make will be base solely not on strategy but on emotions.

[PERtua]

If folks are faced with responsibility and expenses to take care of just as you said, and if they eventually take care of them and no extra money is left with them. Then that means that there is no discretionary income left since it is the responsibility and expenses that eliminated the availability of discretionaryy income...So if folks cannot invest because of responsibilities and expenses, it all still boils down to the un-availability of discretionary income.. Coz discretionary income is what is needed for investment.. So what's exactly is your argument?

If a person does not have sufficient discretionary funds, he cannot start investing in Bitcoin.

That's just some lazy excuse dude. Do you think it is until you buy 1 whole BTC that you can become an investor huh?

Get it that you don't have to be rich and have all the money in the world before starting bitcoin. Investing is all about priority. So instead of wasting your discretionary on flamboyant lifestyle, you can use it to start bitcoin, it dosen't matter if you start small because you can always increase later.

You’ve all said from your point of view and its understandable, making those plans, setting your priorities and your discretionary fund are some of the major things an investor needs to set those peepers on, but for someone that doesn’t have a discretionary fund available or their income is not enough to take care of their basic needs and bills, telling such person to invest in Bitcoin is like Setting a time bomb waiting to be tampered with. If such person should invest into Bitcoin, he’ll end up liquidating it sooner than expected.
If folk is determine to invest in Bitcoin and doesn’t have discretionary fund, first they have to work on how to get a good paying job and/or sort out other means of getting funds that’ll be able to sort their basic needs and still have some left out funds they won’t be needing for a long time. Then they can proceed to investing in Bitcoin.

I believe that both arguments are correct, and situation is actually worth considering. Yes, you do not have to purchase 1 entire Bitcoin to become an investor and it is not impossible to start small. But when one is having trouble meeting the minimum needs and no actual discretionary income, coerced into investing may be more of a stressor than an opportunity. Bitcoin cannot be relied on as it is very volatile and in case of need of an emergency, they will be forced to sell at a loss. The first thing should be financial stability. After meeting bills, savings and basic needs, even a small but regular investment plan would be much more reasonable and much more sustainable in the long term.

[AuchanX]

If folks are faced with responsibility and expenses to take care of just as you said, and if they eventually take care of them and no extra money is left with them. Then that means that there is no discretionary income left since it is the responsibility and expenses that eliminated the availability of discretionaryy income...So if folks cannot invest because of responsibilities and expenses, it all still boils down to the un-availability of discretionary income.. Coz discretionary income is what is needed for investment.. So what's exactly is your argument?

If a person does not have sufficient discretionary funds, he cannot start investing in Bitcoin.

That's just some lazy excuse dude. Do you think it is until you buy 1 whole BTC that you can become an investor huh?

Get it that you don't have to be rich and have all the money in the world before starting bitcoin. Investing is all about priority. So instead of wasting your discretionary on flamboyant lifestyle, you can use it to start bitcoin, it dosen't matter if you start small because you can always increase later.

When someone starts with a small amount of money, say $10, the risk is low, but the importance of a prudent fund cannot be ignored. We basically create a prudent fund to deal with large financial risks. So if someone has a long-term goal, especially if they plan to increase the amount over time after starting, then a prudent fund should be set up. But when an investor invests with a very small amount of money, it is not that they cannot start without funds.

But it's  important for someone whose plan is to accumulate and hold Bitcoin for the long term to have enough discretionary income because this money you can use to buy Bitcoin comfortably without having to worry about it.

What you said may confuse people with small amounts of discretionary income. Because while it is beneficial for us to have extra income in the long term, it is not a mandatory condition for us investors to have sufficient discretionary income to accumulate and hold Bitcoin in the long term. There are many people who have accumulated Bitcoin gradually with small amounts of limited income. The right distribution and discipline of income is more important than how much discretionary income we have. If we can save even a small amount of discretionary money to meet our essential expenses, then we can accumulate and hold Bitcoin in the long term by following the DCA strategy even with that small amount.

Finally, I will say one thing, we must have discretionary income in investment. But it is wrong to think that discretionary income must be in sufficient amount. Because it may not be possible for everyone to generate sufficient discretionary income. Therefore, we can start investing even with a small amount of discretionary and continue it in the long term.

[Makus]

But there is one thing to note here and that is that in most cases, two types of funds have to be used for investment.
When people invest using the DCA method, they take out discretionary income from the ongoing monthly, weekly or daily income and use that money for investment. The thing is like this.

There is only one funding for your investment and that comes from your discretionary income anything aside this then you're exposing yourself to too much risk. To some persons their discretionary income can be wide enough that anytime they accumulation using DCA it's still a lump sum and this is possible when they are paid handsomely or have huge savings before making their mind to invest in bitcoin. There is no way any one who has a long-term investment target should invest with money outside their discretionary income.

A person's monthly discretionary income in 'A' month is $ 500, he then used some dollars from there to invest in Bitcoin.
Again, in 'B' month, since he had discretionary income, he refrained from purchasing DCA.
Again, in 'C' month, his discretionary income is $ 200, in that case, he can take some money from there and manage DCA.

Can you please give me a good reason why anyone should refrain from accumulating bitcoin in the second or B month even when they realize that they have discretionary income?

But a person can invest in Bitcoin using both methods at the same time if he wants. In that case, he can use his discretionary income during the week or month to manage the DCA and create a separate fund for the purchase of DIP. Later, when the price of Bitcoin decreases, he can use that money to enrich the portfolio by purchasing a one-time Bitcoin.

When giving examples you have to be realistic at least to some extent, where the hell do you expect someone to get money from outside his discretionary, from his feeding money? Or from his children's school fees?
Discretionary income is the only income we should invest from anything aside that is gambling.

[JayJuanGee]

Historically Bitcoin has had a long term upward trend, but corrections of 30%-70% in the middle are not uncommon.

How did you know that corrections of 30% or 70% is not common with Bitcoin?
Please tell me how you did that or which resources give you that information?

Two resources to debunk your inaccurate thinking and by knowing more about Bitcoin correction history, you will possibly have better plans for your investment, accumulation and holding.
Bitcoin's historical corrections.
Bull market correction drawdowns.
Bitcoin is crashing again.

Even if there have been historical corrections in the price of bitcoin, it is not a good practice to wait for such corrections rather than ongoing, persistent, consistent, regular and perhaps even aggressive buying of bitcoin, especially for newbies, who might need to take 4 years or more to just to start to accumulate a decent bitcoin position. 

So newbies should emphasize on ongoing accumulation for 4 years or more, unless they are able to front load their investment and get them to a high enough stack size that they can slow down on their DCA style of BTC accumulation.

[Barikui1]

But when one is having trouble meeting the minimum needs and no actual discretionary income, coerced into investing may be more of a stressor than an opportunity. Bitcoin cannot be relied on as it is very volatile and in case of need of an emergency, they will be forced to sell at a loss. The first thing should be financial stability. After meeting bills, savings and basic needs, even a small but regular investment plan would be much more reasonable and much more sustainable in the long term.

I see this as the root cause why most investors can't sustain their accumulation because anyone that can't take proper care of his or her basic needs have no business investing in Bitcoin, what he should be doing and working on is how to improve his finances, so that he can be able to have discretionary income left to invest with, after all his or her basic needs have been met.

Additionally, our discretionary income is what we invest with, so if you don't have it available due to low net income, what you should be doing is by looking for a better paying job or an additional source of income, so that their will be surplus after all your basic needs have been accounted for, because once you went ahead to invest when you have not finish taking care of your basic needs, it will only be a matter of time before you sell or temper with your bitcoin investment, so as to retrieve the money used to invest that shouldn't have been used in the first place, so sorting out our discretionary income before investing is very important for the survival of our Bitcoin investment.

[Obulis]

If someone stops buying Bitcoin when it is falling, it will not be good, because the excess savings will be deposited when buying Bitcoin in the deep market. Because the more Bitcoin is dumped in the market, the more the purchase amount should be increased, because then buying Bitcoin is the right use of money. Therefore, Bitcoin investment is acceptable in both the upward and downward phases of the Bitcoin market, those who buy Bitcoin following the DCA method will be able to save from all sides.

It's funny that no one buys when the Bitcoin price drops. When the price rises,, many people wait for it to drop, but when it drops, why don't they buy Bitcoin? So, based on this conclusion, I don't think we need to worry about things like this when investing in Bitcoin. Time is the key, because time never comes back, and you can never buy time. Therefore, use the time now to buy Bitcoin according to our capabilities. Because if we keep thinking about this and that, when will we grow our portfolio? Therefore, we don't need to be confused or panic. Because buying Bitcoin won't incur losses if held long-term. Especially now, when the Bitcoin market is down, I think this is an excellent golden opportunity to buy Bitcoin more aggressively.

Dip is what most people that are not using DCA wait for and most especially the traders aka gamblers. Also never to forget, during the dip is an opportunity for investors using DCA strategy to increase their input on their portfolio.

[MissNonFall9]

Nobody is above mistakes, true. But that does not mean that everybody is supposed to wreck their investments first all in the name of trying to learn. This forum is there and so is Mister JJG and others to help people learn and fix whatever mistakes they seem to be fucking around with before they wreck their investments.

For someone that is new, they can begin small and top up while they are ongoingly investing so whatever error they make as newbies wouldn't cost them a lot.

”Making mistakes is natural” it does not mean that people will make mistakes intentionally. Again, when there are many wise people including JayJuanGee in this forum, there is no doubt that the tendency to make mistakes will be reduced for beginners and I am especially grateful to him (and I am also grateful to you for your comment) because I can learn a lot through his posts and by solving people's problems. But the context of my speech was that theory and practical experience are not the same, many times people make mistakes despite having theoretical knowledge. I have only discussed learning so that those mistakes do not repeat in people's lives.
But there is no possibility of any risk or loss in investing through the DCA method if it can be invested on a long-term basis.

[alankasman]

I see this as the root cause why most investors can't sustain their accumulation because anyone that can't take proper care of his or her basic needs have no business investing in Bitcoin, what he should be doing and working on is how to improve his finances, so that he can be able to have discretionary income left to invest with, after all his or her basic needs have been met.

In general the most important thing is as you said. If we don't meet our spending needs it's certainly quite difficult to do anything especially when it comes to investing in Bitcoin. If we don't achieve this it's certainly difficult to maintain our Bitcoin investment. The reason is that we invest in Bitcoin but we never know the first steps we should take to avoid disputes with anyone which is why many of us struggle to maintain our Bitcoin investments.

Additionally, our discretionary income is what we invest with, so if you don't have it available due to low net income, what you should be doing is by looking for a better paying job or an additional source of income, so that their will be surplus after all your basic needs have been accounted for, because once you went ahead to invest when you have not finish taking care of your basic needs, it will only be a matter of time before you sell or temper with your bitcoin investment, so as to retrieve the money used to invest that shouldn't have been used in the first place, so sorting out our discretionary income before investing is very important for the survival of our Bitcoin investment.

That's our final decision if we want to invest in Bitcoin. Having a way to generate alternative income is crucial to ensure we can continue to pursue our goals. If you only have a limited income I also advise against investing in Bitcoin. It's more important to prioritize what needs to be spent first unless as I mentioned earlier you have a job which we can consider an alternative source of income for your finances. Having that we can easily separate the two incomes ensuring both continue to run according to our expectations and we won't be hampered by our desire to invest in Bitcoin for our future assets which we should do without delay.

[Btcdeybodi]

If a person does not have sufficient discretionary funds, he cannot start investing in Bitcoin.

Sufficient discretionary income you say? how much is sufficient before one can start investing in bitcoin. There's no such thing as having sufficient discretionary income, so far as you can invest the little you have, with time you can increase your discretionary income but it will depends on how much you earn and how much expenses you make that will determine the size of your discretionary income. Instead of having sufficient discretionary income, it will be better to have a stable job because that is the only way you can invest consistently till you build up a big portfolio.

[cyberninja2]

Sufficient discretionary income you say? how much is sufficient before one can start investing in bitcoin. There's no such thing as having sufficient discretionary income, so far as you can invest the little you have, with time you can increase your discretionary income but it will depends on how much you earn and how much expenses you make that will determine the size of your discretionary income. Instead of having sufficient discretionary income, it will be better to have a stable job because that is the only way you can invest consistently till you build up a big portfolio.

In a way I can say enough because I need to do what someone mentioned about sufficient discretionary income when investing in Bitcoin.

I totally agree with you because we might experience the same thing meaning feeling inadequate about what we do with our Bitcoin investment because we might have many things that we have to prioritize one of which is the need to spend so that we always feel a little bit of difficulty in terms of investing unless there is income from the results of activities that we do as alternative activities so that we can directly use that income for our Bitcoin investment so that with something like that, maybe in the future we will have at least a little asset that we collect through the amount of Bitcoin that we do DCA every time there is income that we receive and that only feels a little bit sufficient, meaning that we must have additional income to be used as a tool to help us in making our investments, this is because we no longer do it using discretionary funds and certainly feel sufficient with additional funds, but if what is said by someone who says sufficient by having discretionary funds or income and for me of course not.

[ultrloa]

Historically Bitcoin has had a long term upward trend, but corrections of 30%-70% in the middle are not uncommon.

How did you know that corrections of 30% or 70% is not common with Bitcoin?
Please tell me how you did that or which resources give you that information?

Two resources to debunk your inaccurate thinking and by knowing more about Bitcoin correction history, you will possibly have better plans for your investment, accumulation and holding.
Bitcoin's historical corrections.
Bull market correction drawdowns.
Bitcoin is crashing again.

Even if there have been historical corrections in the price of bitcoin, it is not a good practice to wait for such corrections rather than ongoing, persistent, consistent, regular and perhaps even aggressive buying of bitcoin, especially for newbies, who might need to take 4 years or more to just to start to accumulate a decent bitcoin position. 

So newbies should emphasize on ongoing accumulation for 4 years or more, unless they are able to front load their investment and get them to a high enough stack size that they can slow down on their DCA style of BTC accumulation.

It could be risky for their side if they wait that long tried to spot for more bigger dips, since no one can actually predict on when that situation will going to happen. This is why I always choose to be consistent buying at whatever price currently Bitcoin reached. Because this eliminates those situation like we are waiting for unknown matters which might going to be stressful to us at the end. Rather waiting its better to be consistent building their positions.

It really make sense at all for newbie if they do consistent accumulation for at least 4 years, since this will give them nice experience and exposure on different cycles which give them lots of learnings. Although its not easy to make everything smooth according to what they plan to do, but if they are committed and prepared for sure that they had great chance to work everything according to their plans or goals.

[Kelward]

But when one is having trouble meeting the minimum needs and no actual discretionary income, coerced into investing may be more of a stressor than an opportunity. Bitcoin cannot be relied on as it is very volatile and in case of need of an emergency, they will be forced to sell at a loss. The first thing should be financial stability. After meeting bills, savings and basic needs, even a small but regular investment plan would be much more reasonable and much more sustainable in the long term.

I see this as the root cause why most investors can't sustain their accumulation because anyone that can't take proper care of his or her basic needs have no business investing in Bitcoin, what he should be doing and working on is how to improve his finances, so that he can be able to have discretionary income left to invest with, after all his or her basic needs have been met.

Additionally, our discretionary income is what we invest with, so if you don't have it available due to low net income, what you should be doing is by looking for a better paying job or an additional source of income, so that their will be surplus after all your basic needs have been accounted for, because once you went ahead to invest when you have not finish taking care of your basic needs, it will only be a matter of time before you sell or temper with your bitcoin investment, so as to retrieve the money used to invest that shouldn't have been used in the first place, so sorting out our discretionary income before investing is very important for the survival of our Bitcoin investment.

In summary if you don't have a discretionary fund there's no need to start buying Bitcoin, no need to rush into something that you cannot sustain on the long term because that is what Bitcoin investment is, a long term project. If you had a discretionary fund from where you allocate money from to buy Bitcoin and somehow you income is not able to fund your discretionary funds the best thing to do is pause your Bitcoin accumulation. You should hope that you don't run into an emergency need that will warrant you to sell your Bitcoin prematurely because immediate survival is more important than stalking wealth that you might not live to enjoy.

The survival of Bitcoin long term investment is to always have discretionary funds available so do what you can to not only live to take care of your essential needs, as long as there is provisions for your wants which falls into discretionary expenses your DCA accumulation is assured.