Buy Buy Buy or Sell Sell Sell?

[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.

[Yablee0]

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.

Yes you're right, we don't need to wait till we have gathered enough discretionary funds before starting up an investment journey least we keep on delaying our self without achieving something tangible, I believe it has been sounded a millions time that with just the little you have you can still start up your Bitcoin journey very comfortably then maybe in the process of your investment you can apply consistent accumulations to get to your desire target.

Their is actually no competition in Bitcoin investment stuffs meaning that we are all in title to invest within our financial capability and still do well and better, the only key point their is cur discipline mindset and consistent accumulations, once you can make this two your first priority in your investment journey you become unbreaking and have nothing to fear in your investment fate.

[MusaPk]

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.

The amount we can invest in Bitcoin varies from person to person, some can afford 100$ per week while some can easily afford 1000$ per week. The beauty of Bitcoin is that everyone is welcome to invest. If you are investing with discretionary income then additive advantage you will get is that it will help you in retaining your bitcoins for longer duration otherwise in case you need money, you might end up selling your Bitcoins. To retain you Bitcoins for long term you need to have money for daily living, emergency funds and finally the funds that goes into bitcoin. 

[Sim_card]

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.

There's no guarantee that a stable income will give you a discretionary or a consistent discretionary income. There are people with stable income and still leaving from hand to mouth because their income isn't enough to take care of their basic needs and monthly expenses.

Having a sufficient discretionary income isn't compulsory because you can invest with the little discretionary income that you have what really matters is your consistency and persistence in your bitcoin accumulation to keep it ongoing for 4-10 years and above. You will be surprised at what that little amount will turn into in future. However, it's good to look for means to increase your income for increase in your discretionary income so that, you can also increase your DCA amount.

[Hardyrobust]

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.

There's no guarantee that a stable income will give you a discretionary or a consistent discretionary income. There are people with stable income and still leaving from hand to mouth because their income isn't enough to take care of their basic needs and monthly expenses.

Having a sufficient discretionary income isn't compulsory because you can invest with the little discretionary income that you have what really matters is your consistency and persistence in your bitcoin accumulation to keep it ongoing for 4-10 years and above. You will be surprised at what that little amount will turn into in future. However, it's good to look for means to increase your income for increase in your discretionary income so that, you can also increase your DCA amount.

Ones monthly expenses exceed monthly income then having a discretionary income will not be possible. So this is not about having a stable source of income because the moment our monthly expenses is greater than or almost equal to our income whether stable source  of income or not. This will greatly affect discretionionary income, so what determine discretionionary income isn't stable income but our expenses. However stable income maybe be essential for substaining bitcoin investment and consistency but doesn't entirely determine the availability of discretionionary income.

[ethereumhunter]

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.

The amount we can invest in Bitcoin varies from person to person, some can afford 100$ per week while some can easily afford 1000$ per week. The beauty of Bitcoin is that everyone is welcome to invest. If you are investing with discretionary income then additive advantage you will get is that it will help you in retaining your bitcoins for longer duration otherwise in case you need money, you might end up selling your Bitcoins. To retain you Bitcoins for long term you need to have money for daily living, emergency funds and finally the funds that goes into bitcoin. 

Before he decides to invest in Bitcoin, he should know how much money he can allocating to his investment. He will not touching that money for the investment even if he has an urgent need. He will prepare the other money to fills that needs and still run his investment without a trouble. No matter how much money he can allocated, it will be enough to his Bitcoin investment. It's even better if he can reducing his cost of living, using that money to increase his investment allocation and he still allocating another money for his primary needs.

[PhilosopherKing]

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.

pause your bitcoin accumulation you say? Hell no. If people income can't fund their discretionary income then they can looks for how to quit any kind of ridiculous spending and then figure out how to increase income by working overtime or hopping on any side job that they can lay hands on.

They just have to do whatever the hell it takes to ensure they have discretionary income to ongoingly invest because pausing can slow people down.

[abaeze]

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.

There's no guarantee that a stable income will give you a discretionary or a consistent discretionary income. There are people with stable income and still leaving from hand to mouth because their income isn't enough to take care of their basic needs and monthly expenses.

Having a sufficient discretionary income isn't compulsory because you can invest with the little discretionary income that you have what really matters is your consistency and persistence in your bitcoin accumulation to keep it ongoing for 4-10 years and above. You will be surprised at what that little amount will turn into in future. However, it's good to look for means to increase your income for increase in your discretionary income so that, you can also increase your DCA amount.

Ones monthly expenses exceed monthly income then having a discretionary income will not be possible. So this is not about having a stable source of income because the moment our monthly expenses is greater than or almost equal to our income whether stable source  of income or not. This will greatly affect discretionionary income, so what determine discretionionary income isn't stable income but our expenses. However stable income maybe be essential for substaining bitcoin investment and consistency but doesn't entirely determine the availability of discretionionary income.

In investing in Bitcoin, just as having a stable income is not enough on the other hand just like having low expenses is not enough, but everyone's income must be more than their expenses, then the investment will be sustainable.
However, a continuous 4-10 year DCA long-term view, to me this is the best investment strategy. Because it creates a powerful compounding mindset of small amounts for all classes of investors. As an investor's point of view, this is the most effective mindset for Bitcoin accumulation.
Eventually, we can say this metaphorically, stable income gives ous the ground to stand on, cost control strengthens that ground, and continuous DCA builds a tree of wealth on that ground over time. Once the tree grows, we will continue to reap the fruits of our life.

[Sticky Bomb]

Let them think about that since maybe they didn't experience yet a huge defeat on their investment made with those altcoins that's why they criticize you for now. But once they lose all their money with those alts then provably they would remember those people say that investment on altcoins is just a waste money and time for them. If they just invest it on bitcoin and accumulate for many years they could just earn a lot more compare to the losses they get.

Realization comes late and if they are hard headed and criticize you for giving such good word or advise then let them learn a lesson on hard way that he could remember his mistake for all things he do. They are just overwhelmed with the hype brought up with other people short gained result but for sure they would able to realize that altcoin investment is not really sustainable.

It isn't just learning the hard way, it would have been more better to learn from other people mistakes but perhaps it is always advisable for anyone who can not resist the urge of getting involved with other coins other than Bitcoin not to do more than 10 % size of your Bitcoin in to other coins, so as to give your Bitcoin investment all the necessary attention needed as regards to ensuring working towards achieving a successful Bitcoin investment which should be the motivation for every investor with a proper planning. Alot of people are just being skeptical about understanding the Bitcoin as the chief executive coin  of other coins hence procrastinates given Bitcoin the respect that they are ought to.

Brand new investor does not need to think about shitcoins but only bitcoin so that he does not distract himself from his bitcoin target, because bitcoin is only the coin that is worth investing in, since it has the potential to increase your wealth in future as long as you invest in a long term and accumulate a good size of bitcoin overtime.

Bitcoin isn't the only coin worth investing on, but the best of all present. It's important the newbie focuses on Bitcoin not to distract themselves with shitcoins and go on to build out a good sized portfolio in Bitcoin in order to attempt securing their financial future since Bitcoin already priced to be a good investment prospect and great benefits to investors who go long-term in it.

For me newbies shouldn't even get exposed to shitcoins from the start, but remain focused on their accumulation journey until they've have a sizeable portfolio, then if they still have the intention of holding few altcoins, they can consider it with very little amounts while they remain dedicated to their continuous accumulation journey. Getting exposed to shitcoins from the start of their accumulation journey might mess up their heads and may even see them focusing more on shitcoins at a time they should be more dedicated to their consistent accumulation of Bitcoin.

[Sarah_Jannat42]

DCA is the best method for investing. But since Bitcoin is not stable, many people wait for DIP to invest.
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 - 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.
On the other hand, the purchase fund in DIP comes mainly from lump sum money, that is, someone may have some lump sum money and he wants to buy Bitcoin with it, in which case he can wait for DIP.
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.

Your example is very realistic. The main thing is to invest in Bitcoin but how you generate your discretionary income for that is the key. Discretionary income is very important and we need to create an emergency fund so that it can be used to meet necessary expenses as well as for dip purchases and does not affect our lifestyle.

[Kuchuku]

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?

Discretionary income is very important for a Bitcoin investor. And if there is not enough discretionary income, then you cannot start. It is necessary to have the right knowledge to start investing. What is basically required in investing is its proper use and it is very important to have discretionary income to hold Bitcoin. Those who do not have discretionary income are not able to meet their basic needs. Bitcoin cannot be relied on because it is unstable. Maintaining a patient attitude is very important in Bitcoin investing. This results in financial stability. After meeting the basic needs, regular investment plans also become reasonable. And long-term investment becomes sustainable.

[ChocolateBitcoinK]

DCA is the best method for investing. But since Bitcoin is not stable, many people wait for DIP to invest.
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 - 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.
On the other hand, the purchase fund in DIP comes mainly from lump sum money, that is, someone may have some lump sum money and he wants to buy Bitcoin with it, in which case he can wait for DIP.
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.

Your example is very realistic. The main thing is to invest in Bitcoin but how you generate your discretionary income for that is the key. Discretionary income is very important and we need to create an emergency fund so that it can be used to meet necessary expenses as well as for dip purchases and does not affect our lifestyle.

In the case of Bitcoin investment, it is very important to focus on our financial management, we must separate the necessary expenses from our income and find an amount that is not our absolute need, and we can invest it for a long time without any doubt. Whatever is left after meeting the basic living expenses such as housing, food, medical care, education and other necessary expenses, and no matter how small it is, we must invest only with it. When we invest with such money, we will not have a panic attitude during times of instability, or instability will not affect us too much. But if someone uses the money for necessary expenses to invest, then if the market goes down, it will directly affect his mental state and daily life. That is why we must be careful financially, so that we are not forced to make wrong decisions here.

[sotelorene]

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.

pause your bitcoin accumulation you say? Hell no. If people income can't fund their discretionary income then they can looks for how to quit any kind of ridiculous spending and then figure out how to increase income by working overtime or hopping on any side job that they can lay hands on.

They just have to do whatever the hell it takes to ensure they have discretionary income to ongoingly invest because pausing can slow people down.

You are beginning to sound like Bitcoin investment is a must and if one doesn't have enough discretionary income to be accumulating that they should work their ass out to make sure they invest which I don't buy the idea and it is very wrong to work someone's ass out because of Bitcoin. If at some point there is no discretionary income to continue investing maybe due to increase in responsibility and expenses, you will need to ensure those responsibilities are been taken care of first before you start thinking of how to continue your accumulation because the way you are taking it is too extreme.

[Brizi5000]

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.

you cannot say for sure that there is no possibility of any risk or loss in investing through the DCA method because bitcoin is a highly volatile asset that means the price is unstable and we cant also tell for sure what will be the value or price of bitcoin in the long run. so i think such statement could be misleading because nothing is a guarantee in bitcoin investment, not even profit is guaranteed because if you say there is no possibility of loss what you are indirectly saying is that you are guaranteed of profit which i think is also a misleading one.

Bitcoin is not risk free, DCA method of buying bitcoin does not make it risk free but rather it was designed to enable investors to not to feel the impact of the risk associated in bitcoin too much, it helps to mitigate or reduce the risk associated with bitcoins volatility as you are investing a fixed amount at regular intervals either weekly or monthly basis depending on when your discretionary income flows, especially after you might have finished sorting out your basic financial needs.

[Grease5000]

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.

It's important.that before one start buying bitcoin he or she should have a proper job that that is bringing in money, an emergency fund that he can run back to when there is an urgent situation that requires money and a discretionary fund that is to be use in buying of Bitcoin.
It is risky and can trigger emotions if these requirements listed above are not met before one start  his journey of accumulating Bitcoin for the long term.

[Arenga pinnata]

The amount we can invest in Bitcoin varies from person to person, some can afford 100$ per week while some can easily afford 1000$ per week. The beauty of Bitcoin is that everyone is welcome to invest. If you are investing with discretionary income then additive advantage you will get is that it will help you in retaining your bitcoins for longer duration otherwise in case you need money, you might end up selling your Bitcoins. To retain you Bitcoins for long term you need to have money for daily living, emergency funds and finally the funds that goes into bitcoin. 

We must focus on our long-term goals. So there is no need to rush into buying bitcoin and no need to force ourselves to buy large amounts. All we need to do is set aside a few percent of our total income, which is cold hard cash that we will never touch again in the long term.

Personally, I have several investment instruments, but the one I accumulate most regularly is bitcoin. Even in small amounts, I can still continue to DCA every month. With other investment instruments, sometimes I have to save up a considerable amount of money before I can finally start investing. For example, I used to invest in real estate, such as land. That required time to save money. However, some of my friends invested all their money in Bitcoin first and then sold it when Bitcoin reached its all-time high (ATH). After that, they bought a piece of land and a house. And yes, I also think that's more effective. However, it must be separated. Between the money that is truly for long-term investment in Bitcoin and the money that is only used to buy Bitcoin in the medium term, such as buying in a bear market and selling in a bull market.

Whatever the method, the most important thing is that we fully understand the type of money we are using, which is indeed ready for the long term.

[Cgrexp]

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.

The amount we can invest in Bitcoin varies from person to person, some can afford 100$ per week while some can easily afford 1000$ per week. The beauty of Bitcoin is that everyone is welcome to invest. If you are investing with discretionary income then additive advantage you will get is that it will help you in retaining your bitcoins for longer duration otherwise in case you need money, you might end up selling your Bitcoins. To retain you Bitcoins for long term you need to have money for daily living, emergency funds and finally the funds that goes into bitcoin. 

You are right, since the income of each person is different, the amount they will invest will vary from person to person according to their income. If someone has a high income and the amount of money left after meeting their basic expenses is high, then surely they can invest a large amount of money. There is no condition that everyone has to invest with a large amount of money, everyone can invest according to their own means from their own place. Small investment amounts are not a problem, but if they do not have the ability to maintain them, then even starting out will not be very profitable. It is possible to maintain investments in the long term when a person ensures investment from a prudent income. But if someone struggles to meet his daily expenses, then even after starting investment, after some time, they have to stop investing due to financial pressure.

[Silikiem]

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.

It's important.that before one start buying bitcoin he or she should have a proper job that that is bringing in money, an emergency fund that he can run back to when there is an urgent situation that requires money and a discretionary fund that is to be use in buying of Bitcoin.
It is risky and can trigger emotions if these requirements listed above are not met before one start  his journey of accumulating Bitcoin for the long term.

What is needed to start bitcoin investment is not a proper job but a discretionary income, so yes it’s advisable to get started in investing In bitcoin immediately your discretionary income is readily available. You must not wait to have a proper job before getting started, what you only need to have is a discretionary income which can come randomly from any means. There are individuals who doesn’t have a proper job but they still invest In bitcoin when they have discretionary income, someone can even have a proper job but at the end of the day the person is unable to figure out a discretionary income for bitcoin investment due to some mismanagement of funds and other issues relating to poor financial management skills or heavy loads of basic financial management expenses. The most important thing is to get started in accumulating bitcoin if you have a discretionary income, and along the process while you’re ongoingly buying bitcoin you can work out ways to get a job that will be fetching you money if you don’t have one. Same is also applicable to the emergency funds, it is true that the emergency funds is really important for our bitcoin investment, but not having it ready shouldn’t be a barrier for not starting to invest in bitcoin as you can always try to build your emergency funds while you’re ongoingly accumulating bitcoin and hold for the long term goal.

[Furious 7]

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.

When it comes to bitcoin for me it's not enough to just talk about the income we earn but how capable we are in generating income and managing the income we have.

Using discretionary funds is definitely a good approach because we can certainly buy Bitcoin with the amount we have budgeted and this will vary from person to person since everyone has different incomes and different levels of purchasing aggressiveness.
I prefer the views of some people who suggest purchasing 10% of discretionary funds and for me that is more than enough for them to start investing because forcing more could also have a greater impact on their financial stability later on.
In fact I am still trying to stabilize at 10% even now even since several years ago, because I realize that when I want to increase this I could lose momentum and not be able to stabilize what I have managed from my income. So, even though this may seem small to some people 10 % is a good standard for making purchases every month.

[MorganaX]

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.

The amount we can invest in Bitcoin varies from person to person, some can afford 100$ per week while some can easily afford 1000$ per week. The beauty of Bitcoin is that everyone is welcome to invest. If you are investing with discretionary income then additive advantage you will get is that it will help you in retaining your bitcoins for longer duration otherwise in case you need money, you might end up selling your Bitcoins. To retain you Bitcoins for long term you need to have money for daily living, emergency funds and finally the funds that goes into bitcoin. 

You are right, since the income of each person is different, the amount they will invest will vary from person to person according to their income. If someone has a high income and the amount of money left after meeting their basic expenses is high, then surely they can invest a large amount of money. There is no condition that everyone has to invest with a large amount of money, everyone can invest according to their own means from their own place. Small investment amounts are not a problem, but if they do not have the ability to maintain them, then even starting out will not be very profitable. It is possible to maintain investments in the long term when a person ensures investment from a prudent income. But if someone struggles to meet his daily expenses, then even after starting investment, after some time, they have to stop investing due to financial pressure.

There is a reason why it's called a discretionary income because anything aside from it would eventually back fire at you and if you are not updated then, you will definitely need to get an update because using your money to invest when you know the capacity of your earnings can't make you a normal meal after investing and yet still went ahead and invested, this will only bring discomfort and thinking in your life.