Buy Buy Buy or Sell Sell Sell?

[Donneski]

Yes, if the context is like that, it's clear that Bitcoin investment can still be done. But what I'm referring to here is people who are truly unemployed and have no other income. At that point, investing will undoubtedly be extremely difficult. However, if the context is as you say, such people can still invest in Bitcoin because, essentially, even if they don't have a job, they still have income.

But not everyone has an inheritance or other sources of income besides the job they may have or must find. So, for such people, Bitcoin investment is clearly very difficult. They certainly won't have discretionary income, as their living expenses are likely sometimes difficult to meet.

Why most people here are emphasizing on having a job is that it's that job that stands as a source of income where you can get your discretionary income from, not that all jobs guarantees discretionary income.
Some take home salary are just too small, and having a discretionary income from it is extremely difficult, so when you find yourself in such a mess, the logical thing to do is to look for a way on how to increase your source for discretionary income, by having other sources of income, not by giving up on your bitcoin investment journey.
Secondly, we should take note that their is no way a Bitcoin investor can generate a discretionary income if he has no income coming in or he has nothing doing, so at that point looking for a way on how he can be getting his discretionary income through a source of income is what should be his priority, nothing else.

We have to be able to ongoingly support ourselves during downtimes like this in bitcoin, and surely it is likely even better to be able to keep on buying bitcoin, even if the amounts are small.

In the longer term whether it is 4-10 years or more down the road, we have to be able to survive by having most, if not all, of our bitcoin, and even better if we are continuing to grow our bitcoin along the way, even if we might only be adding 50k sats at a time.

Working is the most common way to get income and pay expenses, even though surely some folks might have other resources, yet they still have to figure out all of their sources of income to figure out if they have enough to both pay for their living expenses and continue to buy bitcoin... and if they are barely getting enough to pay for their expenses, then they may well have to discontinue buying bitcoin.. and so they have systems in place so that they can perhaps last for a while without selling any bitcoin, yet they still might have to figure out ways to increase their income and/or cut their expenses.

Your point about having systems in place to survive without touching bitcoin is something that often gets overlooked by many long term investors.

A lot of discussions around investing focus on how to buy but from what I've come to understand, the real challenge tends to be avoiding the need to sell when life expenses show up. Having stable income or multiple sources of income makes that much easier.

In that sense, the goal isn’t just accumulating bitcoin but creating a situation where you can continue holding and adding to it through multiple cycles without financial stress.

[Derekfunds]

I completely agree just as said in most cases what really matters is for the new investor to have a little ideas of how Bitcoin roam about, more over in this aspect you can forther with bitch investment also reaching out  with your dictionary and other purposes is to work with someone that will lead you after sometimes, as an investor aim is to gain but most times it happens to be at the end you don't get what you were craving for this occurrence take place when the investor only hold it for a short period of time.

What the heck are you saying man? And what do you mean with all these crappy talk about bitch investment, dictionary and basic knowledge? To start invest people just need common sense and discretionary income. And if they have them then they can start ongoingly investing for a cycle and even more. Bitcoin is volatile so people should avoid short term investing as it can likely screw them up in ways they never thought possible. Long term investment of over a cycle is always the best.

Lol 🤣, that is really funny and if I may ask what do you expect from a pleb like that? It is clear he or she doesn't have much knowledge about Bitcoin investment and that is why they should calm down and read to understand instead of trying to show how ignorant they can be because they don't really know as some of them claim to know. Perhaps, some of the text should be typing error or keyboard malfunction. The sad truth is that if someone claims to know when they are new into something they won't grow.

[Btcdeybodi]

Yes, if the context is like that, it's clear that Bitcoin investment can still be done. But what I'm referring to here is people who are truly unemployed and have no other income. At that point, investing will undoubtedly be extremely difficult. However, if the context is as you say, such people can still invest in Bitcoin because, essentially, even if they don't have a job, they still have income.

But not everyone has an inheritance or other sources of income besides the job they may have or must find. So, for such people, Bitcoin investment is clearly very difficult. They certainly won't have discretionary income, as their living expenses are likely sometimes difficult to meet.

Why most people here are emphasizing on having a job is that it's that job that stands as a source of income where you can get your discretionary income from, not that all jobs guarantees discretionary income.
Some take home salary are just too small, and having a discretionary income from it is extremely difficult, so when you find yourself in such a mess, the logical thing to do is to look for a way on how to increase your source for discretionary income, by having other sources of income, not by giving up on your bitcoin investment journey.
Secondly, we should take note that their is no way a Bitcoin investor can generate a discretionary income if he has no income coming in or he has nothing doing, so at that point looking for a way on how he can be getting his discretionary income through a source of income is what should be his priority, nothing else.

We have to be able to ongoingly support ourselves during downtimes like this in bitcoin, and surely it is likely even better to be able to keep on buying bitcoin, even if the amounts are small.

In the longer term whether it is 4-10 years or more down the road, we have to be able to survive by having most, if not all, of our bitcoin, and even better if we are continuing to grow our bitcoin along the way, even if we might only be adding 50k sats at a time.

Working is the most common way to get income and pay expenses, even though surely some folks might have other resources, yet they still have to figure out all of their sources of income to figure out if they have enough to both pay for their living expenses and continue to buy bitcoin... and if they are barely getting enough to pay for their expenses, then they may well have to discontinue buying bitcoin.. and so they have systems in place so that they can perhaps last for a while without selling any bitcoin, yet they still might have to figure out ways to increase their income and/or cut their expenses.

Your point about having systems in place to survive without touching bitcoin is something that often gets overlooked by many long term investors.

A lot of discussions around investing focus on how to buy but from what I've come to understand, the real challenge tends to be avoiding the need to sell when life expenses show up. Having stable income or multiple sources of income makes that much easier.

In that sense, the goal isn’t just accumulating bitcoin but creating a situation where you can continue holding and adding to it through multiple cycles without financial stress.

Well said, people focus more on accumulating with the DCA but never makes plans for long term consistency in buying through having different streams of income in case one source fails, the others can still help to keep the balance which will help not to think of selling within the stages of your accumulation till you meet your target. I talked about having a stable source of income but i came to realize that even our source of income is not guaranteed because of unforeseen circumstances but having many source of income will be the solution since all of them won't disappoint at same time.

[Myleschetty]

They believe to much on Bitcoin that's why they have said those things, but actually our consistency with our investment will actually depends on our stable income, We could get that by having a stable job since steady source of income will play huge role on our investments. Since without having reliable source of income our accumulation will not became sustainable and they might face lots of issue which can possibly cause a total failure.

They could have great foundation if they know how to protect their job and became well discipline with their income. Then after that Bitcoin will come after, so choose the best approach and invest wisely to increase their chance to succeed on their long term investment on Bitcoin.

Indeed, having a steady income will be very beneficial, and consistency is always necessary if we want to succeed in everything. However, having a steady income is insufficient if we wish to invest in Bitcoin because, when we consider the annual loss of purchasing power associated with fiat currency, we also need a job or service to obtain discretionary funds to perfect our Bitcoin investment.

[Zackz5000]

Yes, if the context is like that, it's clear that Bitcoin investment can still be done. But what I'm referring to here is people who are truly unemployed and have no other income. At that point, investing will undoubtedly be extremely difficult. However, if the context is as you say, such people can still invest in Bitcoin because, essentially, even if they don't have a job, they still have income.

But not everyone has an inheritance or other sources of income besides the job they may have or must find. So, for such people, Bitcoin investment is clearly very difficult. They certainly won't have discretionary income, as their living expenses are likely sometimes difficult to meet.

Why most people here are emphasizing on having a job is that it's that job that stands as a source of income where you can get your discretionary income from, not that all jobs guarantees discretionary income.
Some take home salary are just too small, and having a discretionary income from it is extremely difficult, so when you find yourself in such a mess, the logical thing to do is to look for a way on how to increase your source for discretionary income, by having other sources of income, not by giving up on your bitcoin investment journey.
Secondly, we should take note that their is no way a Bitcoin investor can generate a discretionary income if he has no income coming in or he has nothing doing, so at that point looking for a way on how he can be getting his discretionary income through a source of income is what should be his priority, nothing else.

We have to be able to ongoingly support ourselves during downtimes like this in bitcoin, and surely it is likely even better to be able to keep on buying bitcoin, even if the amounts are small.

In the longer term whether it is 4-10 years or more down the road, we have to be able to survive by having most, if not all, of our bitcoin, and even better if we are continuing to grow our bitcoin along the way, even if we might only be adding 50k sats at a time.

Working is the most common way to get income and pay expenses, even though surely some folks might have other resources, yet they still have to figure out all of their sources of income to figure out if they have enough to both pay for their living expenses and continue to buy bitcoin... and if they are barely getting enough to pay for their expenses, then they may well have to discontinue buying bitcoin.. and so they have systems in place so that they can perhaps last for a while without selling any bitcoin, yet they still might have to figure out ways to increase their income and/or cut their expenses.

Your point about having systems in place to survive without touching bitcoin is something that often gets overlooked by many long term investors.

A lot of discussions around investing focus on how to buy but from what I've come to understand, the real challenge tends to be avoiding the need to sell when life expenses show up. Having stable income or multiple sources of income makes that much easier.

In that sense, the goal isn’t just accumulating bitcoin but creating a situation where you can continue holding and adding to it through multiple cycles without financial stress.

Not to sell your Bitcoin in a short time you can reduce your expenses, think on how to grow some other means of getting income, when the expenses is increasing there is every need to pause if their is not discretionary income and continue back from where you stop if life start getting better again. There should also be a room for an emergency fund when accumulating it can safe guild your investment not to get sold out when their is any serious issues or an unexpected events, so i think that having an emergency fund can also help an investor to hodl for long and not to sell in a short period.

[ejikeme24]

We have to be able to ongoingly support ourselves during downtimes like this in bitcoin, and surely it is likely even better to be able to keep on buying bitcoin, even if the amounts are small.

In the longer term whether it is 4-10 years or more down the road, we have to be able to survive by having most, if not all, of our bitcoin, and even better if we are continuing to grow our bitcoin along the way, even if we might only be adding 50k sats at a time.

Working is the most common way to get income and pay expenses, even though surely some folks might have other resources, yet they still have to figure out all of their sources of income to figure out if they have enough to both pay for their living expenses and continue to buy bitcoin... and if they are barely getting enough to pay for their expenses, then they may well have to discontinue buying bitcoin.. and so they have systems in place so that they can perhaps last for a while without selling any bitcoin, yet they still might have to figure out ways to increase their income and/or cut their expenses.

Your point about having systems in place to survive without touching bitcoin is something that often gets overlooked by many long term investors.

A lot of discussions around investing focus on how to buy but from what I've come to understand, the real challenge tends to be avoiding the need to sell when life expenses show up. Having stable income or multiple sources of income makes that much easier.

In that sense, the goal isn’t just accumulating bitcoin but creating a situation where you can continue holding and adding to it through multiple cycles without financial stress.

You're right about that, and surely having systems in place is very essential because I'm also in the same view that most folks don't care about having their systems in place instead they decided to channel all their dictionary income into their Bitcoin investment forgetting that there are other funds that need to be put in place, that is why they keep running around whenever there's emergency which some guys might be forced to temper their investment after they must have run around to look for where to raise funds to clear the mess they put themselves into. However, there's nothing bad if guys decide to allocate the whole of their discretionary income into their Bitcoin investment but first guys need to  map out some portion for emergency and reserve before thinking of going all -in.

[landheer]

They believe to much on Bitcoin that's why they have said those things, but actually our consistency with our investment will actually depends on our stable income, We could get that by having a stable job since steady source of income will play huge role on our investments. Since without having reliable source of income our accumulation will not became sustainable and they might face lots of issue which can possibly cause a total failure.

They could have great foundation if they know how to protect their job and became well discipline with their income. Then after that Bitcoin will come after, so choose the best approach and invest wisely to increase their chance to succeed on their long term investment on Bitcoin.

If we have a stable income, then investing in BTC will certainly have the potential to run smoothly. Indeed, many people fail to invest long-term in BTC because they lack a steady income. However, there are also people who don't have a steady income but succeed in long-term investing in BTC because they don't even remember they have BTC.

However, it's true that our real-world income has a significant impact. If we're good at business in the real world, accumulating BTC will be easy and we'll have strong potential to hold BTC for the long term as well. The point is, we must be good at everything. If we're good at business and managing it, we'll have the potential to succeed in long-term investing in BTC.

[Son Of Blockchain (SOB)]

Lol 🤣, that is really funny and if I may ask what do you expect from a pleb like that? It is clear he or she doesn't have much knowledge about Bitcoin investment and that is why they should calm down and read to understand instead of trying to show how ignorant they can be because they don't really know as some of them claim to know. Perhaps, some of the text should be typing error or keyboard malfunction. The sad truth is that if someone claims to know when they are new into something they won't grow.

Definitely a typo cause I couldn't decode some of the things he was saying, I really laughed so hard after trying to read it but it kept sounding funny. Well I guess he was trying to talk about holding for long-term instead of short-term cause when you chase quick gains you'll not met your desired target which he referred to as (what you're craving).
 He could've cross-checked his reply before posting so people won't misunderstand him. Maybe he would've even made a very good point if he cross-checked the reply instead of being in a haste to post.

[PhilosopherKing]

They believe to much on Bitcoin that's why they have said those things, but actually our consistency with our investment will actually depends on our stable income, We could get that by having a stable job since steady source of income will play huge role on our investments. Since without having reliable source of income our accumulation will not became sustainable and they might face lots of issue which can possibly cause a total failure.

They could have great foundation if they know how to protect their job and became well discipline with their income. Then after that Bitcoin will come after, so choose the best approach and invest wisely to increase their chance to succeed on their long term investment on Bitcoin.

However, having a steady income is insufficient if we wish to invest in Bitcoin because, when we consider the annual loss of purchasing power associated with fiat currency,

You concern in inflation should not apply here, tell me how can you have discretionary income to ongoingly invest for long term if you claim that steady income is insufficient huh?

Steady income that are in fiat can loose value yes, but in my opinion you are over thinking this thing because how else do you intend to get spare money that you can be having to ongoingly participate in bitcoin investment without gambling with money for immediate need if not from a steady income. Inflation or no inflation steady income is always foundational.

[Gallar]

Yes, if the context is like that, it's clear that Bitcoin investment can still be done. But what I'm referring to here is people who are truly unemployed and have no other income. At that point, investing will undoubtedly be extremely difficult. However, if the context is as you say, such people can still invest in Bitcoin because, essentially, even if they don't have a job, they still have income.

But not everyone has an inheritance or other sources of income besides the job they may have or must find. So, for such people, Bitcoin investment is clearly very difficult. They certainly won't have discretionary income, as their living expenses are likely sometimes difficult to meet.

Why most people here are emphasizing on having a job is that it's that job that stands as a source of income where you can get your discretionary income from, not that all jobs guarantees discretionary income.
Some take home salary are just too small, and having a discretionary income from it is extremely difficult, so when you find yourself in such a mess, the logical thing to do is to look for a way on how to increase your source for discretionary income, by having other sources of income, not by giving up on your bitcoin investment journey.
Secondly, we should take note that their is no way a Bitcoin investor can generate a discretionary income if he has no income coming in or he has nothing doing, so at that point looking for a way on how he can be getting his discretionary income through a source of income is what should be his priority, nothing else.

We have to be able to ongoingly support ourselves during downtimes like this in bitcoin, and surely it is likely even better to be able to keep on buying bitcoin, even if the amounts are small.

In the longer term whether it is 4-10 years or more down the road, we have to be able to survive by having most, if not all, of our bitcoin, and even better if we are continuing to grow our bitcoin along the way, even if we might only be adding 50k sats at a time.

Working is the most common way to get income and pay expenses, even though surely some folks might have other resources, yet they still have to figure out all of their sources of income to figure out if they have enough to both pay for their living expenses and continue to buy bitcoin... and if they are barely getting enough to pay for their expenses, then they may well have to discontinue buying bitcoin.. and so they have systems in place so that they can perhaps last for a while without selling any bitcoin, yet they still might have to figure out ways to increase their income and/or cut their expenses.

Your point about having systems in place to survive without touching bitcoin is something that often gets overlooked by many long term investors.

A lot of discussions around investing focus on how to buy but from what I've come to understand, the real challenge tends to be avoiding the need to sell when life expenses show up. Having stable income or multiple sources of income makes that much easier.

In that sense, the goal isn’t just accumulating bitcoin but creating a situation where you can continue holding and adding to it through multiple cycles without financial stress.

Yes,, it's certainly like being on a battlefield, with only a sword and no shield, and that's clearly not good. Even if we can continue buying Bitcoin, it can be dangerous if we don't have a shield or the ability to hold onto our Bitcoins until a certain time. So, it's true, we may be too focused here on buying and strategy, but the point of maintaining Bitcoin long-term is perhaps less discussed. This is indeed crucial,, as a shield can sometimes be more useful than a sword. So, sometimes, people who buy Bitcoin more carefully, even if the amount is small, are better than those who buy more Bitcoin recklessly. So, in essence,, I'm very grateful to be here, because I feel the Bitcoin investment advice here is incredibly valuable.

[ZeroVinsonN]

They believe to much on Bitcoin that's why they have said those things, but actually our consistency with our investment will actually depends on our stable income, We could get that by having a stable job since steady source of income will play huge role on our investments. Since without having reliable source of income our accumulation will not became sustainable and they might face lots of issue which can possibly cause a total failure.

They could have great foundation if they know how to protect their job and became well discipline with their income. Then after that Bitcoin will come after, so choose the best approach and invest wisely to increase their chance to succeed on their long term investment on Bitcoin.

Indeed, having a steady income will be very beneficial, and consistency is always necessary if we want to succeed in everything. However, having a steady income is insufficient if we wish to invest in Bitcoin because, when we consider the annual loss of purchasing power associated with fiat currency, we also need a job or service to obtain discretionary funds to perfect our Bitcoin investment.

As long as your income in enough to pay for your bills with some left overs then you will definitely be able to generate discretionary income from it because of that's exactly what those left overs are , having discretionary income problems come up when your income is not enough to generate discretionary and the best thing to do in a situation like this is usually to build on your current source of income which could involve cutting down on some expenses or you could push for a alternative source of income, there is nothing wrong with earning from more than one place after all, your bitcoin investment can only push forward if you can generate the necessary discretionary income to push it forward with.

[Donneski]

We have to be able to ongoingly support ourselves during downtimes like this in bitcoin, and surely it is likely even better to be able to keep on buying bitcoin, even if the amounts are small.

In the longer term whether it is 4-10 years or more down the road, we have to be able to survive by having most, if not all, of our bitcoin, and even better if we are continuing to grow our bitcoin along the way, even if we might only be adding 50k sats at a time.

Working is the most common way to get income and pay expenses, even though surely some folks might have other resources, yet they still have to figure out all of their sources of income to figure out if they have enough to both pay for their living expenses and continue to buy bitcoin... and if they are barely getting enough to pay for their expenses, then they may well have to discontinue buying bitcoin.. and so they have systems in place so that they can perhaps last for a while without selling any bitcoin, yet they still might have to figure out ways to increase their income and/or cut their expenses.

Your point about having systems in place to survive without touching bitcoin is something that often gets overlooked by many long term investors.

A lot of discussions around investing focus on how to buy but from what I've come to understand, the real challenge tends to be avoiding the need to sell when life expenses show up. Having stable income or multiple sources of income makes that much easier.

In that sense, the goal isn’t just accumulating bitcoin but creating a situation where you can continue holding and adding to it through multiple cycles without financial stress.

Well said, people focus more on accumulating with the DCA but never makes plans for long term consistency in buying through having different streams of income in case one source fails, the others can still help to keep the balance which will help not to think of selling within the stages of your accumulation till you meet your target. I talked about having a stable source of income but i came to realize that even our source of income is not guaranteed because of unforeseen circumstances but having many source of income will be the solution since all of them won't disappoint at same time.

That’s a good observation about income sources. I’ve come to realize over time that relying on a single stream of income can create the same kind of vulnerability as relying on a single asset.

If that income suddenly disappears, the pressure to sell investments increases immediately and Bitcoin is often the first thing people consider liquidating. Having different streams of income reduces that kind of pressure and gives an investor more time to ride through difficult periods.

In a way, financial resilience outside of Bitcoin ends up strengthening a person’s Bitcoin position itself.

[Crytohillss]

Yes, if the context is like that, it's clear that Bitcoin investment can still be done. But what I'm referring to here is people who are truly unemployed and have no other income. At that point, investing will undoubtedly be extremely difficult. However, if the context is as you say, such people can still invest in Bitcoin because, essentially, even if they don't have a job, they still have income.

But not everyone has an inheritance or other sources of income besides the job they may have or must find. So, for such people, Bitcoin investment is clearly very difficult. They certainly won't have discretionary income, as their living expenses are likely sometimes difficult to meet.

Why most people here are emphasizing on having a job is that it's that job that stands as a source of income where you can get your discretionary income from, not that all jobs guarantees discretionary income.
Some take home salary are just too small, and having a discretionary income from it is extremely difficult, so when you find yourself in such a mess, the logical thing to do is to look for a way on how to increase your source for discretionary income, by having other sources of income, not by giving up on your bitcoin investment journey.
Secondly, we should take note that their is no way a Bitcoin investor can generate a discretionary income if he has no income coming in or he has nothing doing, so at that point looking for a way on how he can be getting his discretionary income through a source of income is what should be his priority, nothing else.

We have to be able to ongoingly support ourselves during downtimes like this in bitcoin, and surely it is likely even better to be able to keep on buying bitcoin, even if the amounts are small.

In the longer term whether it is 4-10 years or more down the road, we have to be able to survive by having most, if not all, of our bitcoin, and even better if we are continuing to grow our bitcoin along the way, even if we might only be adding 50k sats at a time.

Working is the most common way to get income and pay expenses, even though surely some folks might have other resources, yet they still have to figure out all of their sources of income to figure out if they have enough to both pay for their living expenses and continue to buy bitcoin... and if they are barely getting enough to pay for their expenses, then they may well have to discontinue buying bitcoin.. and so they have systems in place so that they can perhaps last for a while without selling any bitcoin, yet they still might have to figure out ways to increase their income and/or cut their expenses.

Your point about having systems in place to survive without touching bitcoin is something that often gets overlooked by many long term investors.

A lot of discussions around investing focus on how to buy but from what I've come to understand, the real challenge tends to be avoiding the need to sell when life expenses show up. Having stable income or multiple sources of income makes that much easier.

In that sense, the goal isn’t just accumulating bitcoin but creating a situation where you can continue holding and adding to it through multiple cycles without financial stress.

Yes,, it's certainly like being on a battlefield, with only a sword and no shield, and that's clearly not good. Even if we can continue buying Bitcoin, it can be dangerous if we don't have a shield or the ability to hold onto our Bitcoins until a certain time. So, it's true, we may be too focused here on buying and strategy, but the point of maintaining Bitcoin long-term is perhaps less discussed. This is indeed crucial,, as a shield can sometimes be more useful than a sword. So, sometimes, people who buy Bitcoin more carefully, even if the amount is small, are better than those who buy more Bitcoin recklessly. So, in essence,, I'm very grateful to be here, because I feel the Bitcoin investment advice here is incredibly valuable.

I think your view here is making sense  Bitcoin investment is good but it can't replace the need for a steady source of income especially for individuals who are just coming up if someone doesn't have cash coming in regularly it can becomes almost impossible to embark on such investment consistently or even hold during rough times the smart move is to first secure a source of income even if it's little and than gradually look for ways to increase it or added other stream.

[ruykeri]

As long as your income in enough to pay for your bills with some left overs then you will definitely be able to generate discretionary income from it because of that's exactly what those left overs are , having discretionary income problems come up when your income is not enough to generate discretionary and the best thing to do in a situation like this is usually to build on your current source of income which could involve cutting down on some expenses or you could push for a alternative source of income, there is nothing wrong with earning from more than one place after all, your bitcoin investment can only push forward if you can generate the necessary discretionary income to push it forward with.

I think it is right and logical to increase income sources to create discretionary income. Investing in Bitcoin by reducing your current expenses and creating discretionary income is an investment with a weak income flow. I think you should first fully cover all your expenses. After meeting your family's needs 100%, if you have money left over, you can invest in Bitcoin with that money. Or try to increase your income sources. I don't think it is logical to invest in Bitcoin by reducing your expenses and creating a deficit in your beautiful lifestyle.

[Hardyrobust]

As long as your income in enough to pay for your bills with some left overs then you will definitely be able to generate discretionary income from it because of that's exactly what those left overs are , having discretionary income problems come up when your income is not enough to generate discretionary and the best thing to do in a situation like this is usually to build on your current source of income which could involve cutting down on some expenses or you could push for a alternative source of income, there is nothing wrong with earning from more than one place after all, your bitcoin investment can only push forward if you can generate the necessary discretionary income to push it forward with.

I think it is right and logical to increase income sources to create discretionary income. Investing in Bitcoin by reducing your current expenses and creating discretionary income is an investment with a weak income flow. I think you should first fully cover all your expenses. After meeting your family's needs 100%, if you have money left over, you can invest in Bitcoin with that money. Or try to increase your income sources. I don't think it is logical to invest in Bitcoin by reducing your expenses and creating a deficit in your beautiful lifestyle.

while working to increase a source of income maybe a good option in increasing discretionionary income, expenses also play part in determine the availability of discretionionary income. So working on your expenses to increase your Discretionary income may not be a bad idea because there are money we spend on some things that we may not necessarily need. Adjusting how we spend money on things that we don't need and investing the money in bitcoin is a good idea.

[Joeboy]

Investing in Bitcoin by reducing your current expenses and creating discretionary income is an investment with a weak income flow.

Honestly ruykeri you aren't being realistic here, this is coz folks could invest in Bitcoin by cutting down any unnecessary spending, and they sometimes do so not because they have a weak income flow but because they tend to prioritize investing/saving above extravagant lifestyle.. Cutting down any kind of seemingly unnecessary spending may be one of the common ways that folks could use to free up money and have enough discretionary income to invest, but you have to understand that it isn't only done by those with weak income..

I don't think it is logical to invest in Bitcoin by reducing your expenses and creating a deficit in your beautiful lifestyle.

You seem to be prioritizing short term pleasures/comfort and luxury items over your long term goals... Well I am in no position to stop you from doing whatever you seeem comfortable with, but be rest assured that folks could very well improve their future by making small lifestyle adjustments today.. And they could do so without having to completely damage their lifestyle... And it is quite reasonable make certain lifestyle adjustments, since it's give folks the opportunity to have more discretionary income to invest...