Buy Buy Buy or Sell Sell Sell?

[Nheer]

I personally think that your discretionary income should be increase with your salary. Set a budget for increasing Bitcoin accumulation and then assess the need to increase your household expenses. It is certainly logical to look for additional income because it will be difficult to achieve financial security by relying on one income.

You're making sense and it's a good idea to try and increase how much we put into the investment when you have a rise in salary but it's good to make sure your expenses are taken care of by prioritizing your needs over wants so you can have enough discretionary income to invest and increase your Bitcoin accumulation but in the case where your expenses still manage to take much despite the increase in salary as a result of inflation and didn't give room to increase your discretionary income then your priority should be catering for your expenses until you are able to get another source of income to increase your discretionary income and build an emergency fund. The idea is to make sure your expenses are taken care of so you don't have to depend on your investment when a little need arise.

[Cgrexp]

Why bringing “being aggressive” into the picture for someone that is just starting out..  that can easily send the wrong message.. it is better to just keep it simple and stick to a solid plan like DCA? It removes a lot of the guesswork and pressure..

Also, I do not think someone needs “enough” discretionary income before they start..  could as well discourage people. You can start with whatever little you have and build from there, that is kind of the whole point of DCA anyway..

Yea, I agree with everything you spoke of that being aggressive from the start can be really problematic for a beginner, even though he is doing it from his discretionary income, because since he is just starting his Bitcoin investment, he has not stack up a good emergency and reserve funds then, so he might equally struggle to put them in place if he is too aggressive from the start, and he might even commit some blunders by going beyond his discretionary income due to being aggressive too early, especially if he is not knowledgeable enough to know how to go about his bitcoin investment. So it's not a nice practice for a beginner that is just starting to be aggressive in his accumulation.

I also  don't think it's logical for new investors to be aggressive at first. There are many who take big risks without any plan, just out of greed, they invest a large amount and panic when the market falls and sell. However, those who want to invest aggressively personally can do it. I think we need time and preparation to be aggressive. In this case, we can start investing with small amounts gradually and along with regular investments, the amount can be increased as our experience and knowledge increase, but emergency funds should be ready. It can be beneficial for  investors if they make decisions in a controlled and planned manner.

[Abbatty]

I personally think that your discretionary income should be increase with your salary. Set a budget for increasing Bitcoin accumulation and then assess the need to increase your household expenses. It is certainly logical to look for additional income because it will be difficult to achieve financial security by relying on one income.

You're making sense and it's a good idea to try and increase how much we put into the investment when you have a rise in salary but it's good to make sure your expenses are taken care of by prioritizing your needs over wants so you can have enough discretionary income to invest and increase your Bitcoin accumulation but in the case where your expenses still manage to take much despite the increase in salary as a result of inflation and didn't give room to increase your discretionary income then your priority should be catering for your expenses until you are able to get another source of income to increase your discretionary income and build an emergency fund. The idea is to make sure your expenses are taken care of so you don't have to depend on your investment when a little need arise.

The goal have always been to stay consistent with your investment no matter how little it might be, so when there is an increase in your income your priority should be taking care of your expenses which is basically your needs then when you stable you can then think of increasing your discretionary funds.

Human needs is on the increase everyday and it as important important and bitcoin investment, so an increase in your salary should first go into your needs then your investment with this you won’t be forced to take from your investment when you are in need.

[I_Anime]

I personally think that your discretionary income should be increase with your salary. Set a budget for increasing Bitcoin accumulation and then assess the need to increase your household expenses. It is certainly logical to look for additional income because it will be difficult to achieve financial security by relying on one income.

You're making sense and it's a good idea to try and increase how much we put into the investment when you have a rise in salary but it's good to make sure your expenses are taken care of by prioritizing your needs over wants so you can have enough discretionary income to invest and increase your Bitcoin accumulation but in the case where your expenses still manage to take much despite the increase in salary as a result of inflation and didn't give room to increase your discretionary income then your priority should be catering for your expenses until you are able to get another source of income to increase your discretionary income and build an emergency fund. The idea is to make sure your expenses are taken care of so you don't have to depend on your investment when a little need arise.

Exactly as an investor you should invest according to your budget . Especially as a salary earners with fixed earning either monthly or weekly . Making use of dca as a monthly earner you can set your dca monthly, cause that’s when you will have enough discretionary income to invest , same for those earning weekly .

So for a scenario of having an increase in your salary, which same time will increase your discretionary income too , if you don’t increase your expenditure instead. Because most folks are fond of increasing the way they spend whenever they have an increase in their paycheck.

[Ashawowo(OS)]

Why bringing “being aggressive” into the picture for someone that is just starting out..  that can easily send the wrong message.. it is better to just keep it simple and stick to a solid plan like DCA? It removes a lot of the guesswork and pressure..

Also, I do not think someone needs “enough” discretionary income before they start..  could as well discourage people. You can start with whatever little you have and build from there, that is kind of the whole point of DCA anyway..

Yea, I agree with everything you spoke of that being aggressive from the start can be really problematic for a beginner, even though he is doing it from his discretionary income, because since he is just starting his Bitcoin investment, he has not stack up a good emergency and reserve funds then, so he might equally struggle to put them in place if he is too aggressive from the start, and he might even commit some blunders by going beyond his discretionary income due to being aggressive too early, especially if he is not knowledgeable enough to know how to go about his bitcoin investment. So it's not a nice practice for a beginner that is just starting to be aggressive in his accumulation.

You make it look as though being aggressive in your regular buys is a bad thing, but it isn't especially if the investor does it within his discretionary income and builds backup funds alongside his purchases. What becomes a problem is being over aggressive which is putting in more than you can spare for your bitcoin investment and that may entail investing beyond your discretionary income and/or using some money meant for your expenses to buy, That is what becomes a bad habit and is not sustainable for long. In such a scenario when the need arises, there would be no other option than to tap back into your portfolio to solve needs.

Investors are advised to be as aggressive as they can without overdoing it, an investor must not be wimpy because he is just starting out, some investors come into bitcoin as former investors  in other assets and with a clearly defined plan for continuous accumulation, they can immediately get as aggressive as they could. The most important thing is that the investor is stacking sats within their means and from their discretionary funds and that they are building backup funds alongside their accumulating bitcoin

[Grace333]

I personally think that your discretionary income should be increase with your salary. Set a budget for increasing Bitcoin accumulation and then assess the need to increase your household expenses. It is certainly logical to look for additional income because it will be difficult to achieve financial security by relying on one income.

You're making sense and it's a good idea to try and increase how much we put into the investment when you have a rise in salary but it's good to make sure your expenses are taken care of by prioritizing your needs over wants so you can have enough discretionary income to invest and increase your Bitcoin accumulation but in the case where your expenses still manage to take much despite the increase in salary as a result of inflation and didn't give room to increase your discretionary income then your priority should be catering for your expenses until you are able to get another source of income to increase your discretionary income and build an emergency fund. The idea is to make sure your expenses are taken care of so you don't have to depend on your investment when a little need arise.

The goal have always been to stay consistent with your investment no matter how little it might be, so when there is an increase in your income your priority should be taking care of your expenses which is basically your needs then when you stable you can then think of increasing your discretionary funds.

Human needs is on the increase everyday and it as important important and bitcoin investment, so an increase in your salary should first go into your needs then your investment with this you won’t be forced to take from your investment when you are in need.

I agree with you, our priorities should be on taking care of expenses first since we need them to survive even before thinking of investing, but when we increase our source of income there is no need to increase your standard of living such that you still end up investing same amount weekly whereas you had the intention of increasing your investment capital. Luxury is good but it should come from the comfort of our earning without suffocating other important things to be put in place. And for a fact, Luxury aren't needs, they are wants.
Sure there is a possibility of inflation and hike in the price of goods and services but since our investments is coming from discretionary income, that means we ought to settle our needs before anything and then make adjustments if necessary to how much we invest and save.

[Big Dirams]

The risk in long-term investment is very low, so we must establish a relationship with long-term Bitcoin investment. An investor does not have enough money, so it is not possible to buy Bitcoin with sufficient money at one time. Due to which it is easy for him to hold Bitcoin investment in the long term and buy Bitcoin repeatedly using the DCA strategy.
Because he can invest Bitcoin according to his ability with his discretionary income

Long-term investment is not effective in all cases. But Bitcoin is an asset where long-term investment can be guaranteed to be profitable. Bitcoin increases its value several times in certain cycles, so if someone invests and waits for the next cycle or a few cycles, he will definitely be able to profit.
Since it is recommended to use discretionary income to invest in Bitcoin, there is no additional financial pressure to make the investment long-term, so a user can make his investment long-term if he wants.

Bitcoin it self is a volatile pair and bitcoin investment profits isn’t guaranteed both on long term holdings or short term holdings but there are just chances. Bitcoin volatility makes it clear that anything can occur at anytime, we can witness bitcoin going for lower dips and might not return soon and same goes for upper trends too.

 Your opinion here is switching your mindset towards profits and when investing in bitcoin prioritizing profits isn’t a positive manner at all because we all know how such situations does end up. Forget about the profits mate, focus on the future and keep the accumulation process going in the right approach

[Grease5000]

I personally think that your discretionary income should be increase with your salary. Set a budget for increasing Bitcoin accumulation and then assess the need to increase your household expenses. It is certainly logical to look for additional income because it will be difficult to achieve financial security by relying on one income.

You're making sense and it's a good idea to try and increase how much we put into the investment when you have a rise in salary but it's good to make sure your expenses are taken care of by prioritizing your needs over wants so you can have enough discretionary income to invest and increase your Bitcoin accumulation but in the case where your expenses still manage to take much despite the increase in salary as a result of inflation and didn't give room to increase your discretionary income then your priority should be catering for your expenses until you are able to get another source of income to increase your discretionary income and build an emergency fund. The idea is to make sure your expenses are taken care of so you don't have to depend on your investment when a little need arise.

Exactly as an investor you should invest according to your budget . Especially as a salary earners with fixed earning either monthly or weekly . Making use of dca as a monthly earner you can set your dca monthly, cause that’s when you will have enough discretionary income to invest , same for those earning weekly .

So for a scenario of having an increase in your salary, which same time will increase your discretionary income too , if you don’t increase your expenditure instead. Because most folks are fond of increasing the way they spend whenever they have an increase in their paycheck.

  I think that is a solid mindset, as your income grows, your discretionary income should grow too. But intentionally speaking you should prioritize increasing your Bitcoin accumulation using a fixed budget like the DCA, then adjust your lifestyle not the other way round.
Relying on  a single source of income is dangerous in today's economy, so building multiple source of income and investing consistently is what truly  create financial stability in today's world.

[Gentle_Soul]

If you are trying to make money through your investing, you are trading, not investing.

Perhaps if you can figure out ways to earn income and to support yourself from your income, then you don't have to worry about earning money from your investment until later down the road.. perhaps after a couple of cycles of investing into bitcoin.

There are things people don't understand, as soon as an investor starts his Bitcoin journey, everything should be centered on how to make the investment a smooth process by looking out for ways to have more funds to invest, just like looking for improved income not necessarily thinking about profit when we already know that Bitcoin investment is a long-term thing, I think those that think about profit from a start are not real investors although they have their choices of action and decisions but can never be called investors, you can invest today and want to withdraw tomorrow and called yourself a serious investor, people keep deceiving themselves but the real thing is that Bitcoin is futuristic in nature and those who understand that part don't deviate from it.

Also people should know that you use money to look for money you don't just believe that things will just turn around to answer to you if you don't put in equivalent of what you expect. However the amount of investment you do in Bitcoin determines your outcome or profit over a period of time and also I feel like investing in Bitcoin should not be done with the aim of withdrawing your investment at any time soon if you can invest and allow for quite a period of time am certain that you make good profit. You cannot invest and out of the blue you want to make profit already, like you said I agree with you people should rather focus on making more investment plans and sustain there Bitcoin over a period of time and definitely they are bound to making a hug profit. No doubt every investor wants to get profit and or returns on investments but then patience is a core value for every good investor.

[Silikiem]

I personally think that your discretionary income should be increase with your salary. Set a budget for increasing Bitcoin accumulation and then assess the need to increase your household expenses. It is certainly logical to look for additional income because it will be difficult to achieve financial security by relying on one income.

You're making sense and it's a good idea to try and increase how much we put into the investment when you have a rise in salary but it's good to make sure your expenses are taken care of by prioritizing your needs over wants so you can have enough discretionary income to invest and increase your Bitcoin accumulation but in the case where your expenses still manage to take much despite the increase in salary as a result of inflation and didn't give room to increase your discretionary income then your priority should be catering for your expenses until you are able to get another source of income to increase your discretionary income and build an emergency fund. The idea is to make sure your expenses are taken care of so you don't have to depend on your investment when a little need arise.

Exactly as an investor you should invest according to your budget . Especially as a salary earners with fixed earning either monthly or weekly . Making use of dca as a monthly earner you can set your dca monthly, cause that’s when you will have enough discretionary income to invest , same for those earning weekly .

So for a scenario of having an increase in your salary, which same time will increase your discretionary income too , if you don’t increase your expenditure instead. Because most folks are fond of increasing the way they spend whenever they have an increase in their paycheck.

  I think that is a solid mindset, as your income grows, your discretionary income should grow too. But intentionally speaking you should prioritize increasing your Bitcoin accumulation using a fixed budget like the DCA, then adjust your lifestyle not the other way round.
Relying on  a single source of income is dangerous in today's economy, so building multiple source of income and investing consistently is what truly  create financial stability in today's world.

Building financial stability isn’t just all about having multiple sources of income, what matters most is having a good financial management skills. Having multiple sources of income without the right financial management skills can lead to financial crisis. I’ve seen people with multiple sources of income still struggle with financial stability as a result of them not having the right financial management abilities to make important financial decisions regarding their incomes. Some of them before receiving their incomes are already in debt as a result of this poor financial management skills. And even In bitcoin investment you can see most investors having multiple sources of income but they still find it difficult to figure out a discretionary income to regularly buy bitcoin due to this same issue of poor financial management skills. Even with one single source of Income if an individual is disciplined with strategic and good planning coupled with the right and effective financial management skills one can still be able to maintain a level of financial stability.

[Brizi5000]

If you are trying to make money through your investing, you are trading, not investing.

Perhaps if you can figure out ways to earn income and to support yourself from your income, then you don't have to worry about earning money from your investment until later down the road.. perhaps after a couple of cycles of investing into bitcoin.

There are things people don't understand, as soon as an investor starts his Bitcoin journey, everything should be centered on how to make the investment a smooth process by looking out for ways to have more funds to invest, just like looking for improved income not necessarily thinking about profit when we already know that Bitcoin investment is a long-term thing, I think those that think about profit from a start are not real investors although they have their choices of action and decisions but can never be called investors, you can invest today and want to withdraw tomorrow and called yourself a serious investor, people keep deceiving themselves but the real thing is that Bitcoin is futuristic in nature and those who understand that part don't deviate from it.

Also people should know that you use money to look for money you don't just believe that things will just turn around to answer to you if you don't put in equivalent of what you expect. However the amount of investment you do in Bitcoin determines your outcome or profit over a period of time and also I feel like investing in Bitcoin should not be done with the aim of withdrawing your investment at any time soon if you can invest and allow for quite a period of time am certain that you make good profit. You cannot invest and out of the blue you want to make profit already, like you said I agree with you people should rather focus on making more investment plans and sustain there Bitcoin over a period of time and definitely they are bound to making a hug profit. No doubt every investor wants to get profit and or returns on investments but then patience is a core value for every good investor.

One thing we should also bear in mind is that bitcoin investment does not guarantee profit, but it has a potential to generate profit and even as it has that potential to generate profits we should also know that it have the potential to make you lose your investment even in the long run because bitcoin is very volatile and you can’t predict so you cannot be certain that you must make profit.

[Alonso_]

I personally think that your discretionary income should be increase with your salary. Set a budget for increasing Bitcoin accumulation and then assess the need to increase your household expenses. It is certainly logical to look for additional income because it will be difficult to achieve financial security by relying on one income.

You're making sense and it's a good idea to try and increase how much we put into the investment when you have a rise in salary but it's good to make sure your expenses are taken care of by prioritizing your needs over wants so you can have enough discretionary income to invest and increase your Bitcoin accumulation but in the case where your expenses still manage to take much despite the increase in salary as a result of inflation and didn't give room to increase your discretionary income then your priority should be catering for your expenses until you are able to get another source of income to increase your discretionary income and build an emergency fund. The idea is to make sure your expenses are taken care of so you don't have to depend on your investment when a little need arise.

Well having different cashflow is very important and it always helps when we are working on our finances, perhaps we are only meant to invest with our discretionary income, first of all we have to take care of ourselves and our expenses, secondly then you can now start investing with your discretionary income availability, which you’re not meant to invest with your salary even when you get a salary increase or any bonus, firstly you need to sort out your expenses, you don’t just go all in and start buying Bitcoin with all your salary, whatever that would be it would be a huge mistake buying Bitcoin with your Salary, there are individuals who are also working on different source of income and also different cashflow to provide an opportunity of having more discretionary income to keep buying Bitcoin consistently.

[laijsica]

I personally think that your discretionary income should be increase with your salary. Set a budget for increasing Bitcoin accumulation and then assess the need to increase your household expenses. It is certainly logical to look for additional income because it will be difficult to achieve financial security by relying on one income.

You're making sense and it's a good idea to try and increase how much we put into the investment when you have a rise in salary but it's good to make sure your expenses are taken care of by prioritizing your needs over wants so you can have enough discretionary income to invest and increase your Bitcoin accumulation but in the case where your expenses still manage to take much despite the increase in salary as a result of inflation and didn't give room to increase your discretionary income then your priority should be catering for your expenses until you are able to get another source of income to increase your discretionary income and build an emergency fund. The idea is to make sure your expenses are taken care of so you don't have to depend on your investment when a little need arise.

Well having different cashflow is very important and it always helps when we are working on our finances, perhaps we are only meant to invest with our discretionary income, first of all we have to take care of ourselves and our expenses, secondly then you can now start investing with your discretionary income availability, which you’re not meant to invest with your salary even when you get a salary increase or any bonus, firstly you need to sort out your expenses, you don’t just go all in and start buying Bitcoin with all your salary, whatever that would be it would be a huge mistake buying Bitcoin with your Salary, there are individuals who are also working on different source of income and also different cashflow to provide an opportunity of having more discretionary income to keep buying Bitcoin consistently.

I read an article by a successful investor where he gave his opinion. There he mentioned "Set a budget for the amount you will invest and spend the remaining amount of the fund on the family" . Many will not agree with him because in this process, an investor may give more importance to future investments and not spend money according to the needs of the family. We actually learned this from the forum about Bitcoin accumulation through discretionary income. Investors should gradually increase the amount of Satoshi accumulation in line with their cash flow.

You are still in the ongoing stage of Bitcoin accumulation at that stage if your income increases, you need to give more importance to portfolio increase because you have to solve the investment strategy of limited money supply with unlimited demand through fund management and in that case most of the additional income should be allocated to Bitcoin portfolio increase.

[Ashawowo(OS)]

Well having different cashflow is very important and it always helps when we are working on our finances, perhaps we are only meant to invest with our discretionary income, first of all we have to take care of ourselves and our expenses, secondly then you can now start investing with your discretionary income availability, which you’re not meant to invest with your salary even when you get a salary increase or any bonus, firstly you need to sort out your expenses, you don’t just go all in and start buying Bitcoin with all your salary, whatever that would be it would be a huge mistake buying Bitcoin with your Salary, there are individuals who are also working on different source of income and also different cashflow to provide an opportunity of having more discretionary income to keep buying Bitcoin consistently.

If an investor have been consistently investing into bitcoin with discretionary income from his current salary and he has a salary increase from a particular month, the increment amount can add to his discretionary income since he takes care of his expenses already with the old salary and still has discretionary income to invest, same with a bonus at work, he can choose to use part of them to increase his buy amounts since both categories can be described as increased periodic income, which can result in increased discretionary income and can be used to invest. This is if all things remain equal and the investor doesn't go ahead to increase his lifestyle due to presence of more income and manually inflates his expenses to match with his new income.

A situation where it doesn't immediately fall under discretionary income is when the person doesn't normally have discretionary income to invest, then when such increase or bonus appears, he has to first take care of his expenses to validate having discretionary income which he would use to invest in bitcoin.

[DubemIfedigbo001]

Well having different cashflow is very important and it always helps when we are working on our finances, perhaps we are only meant to invest with our discretionary income, first of all we have to take care of ourselves and our expenses, secondly then you can now start investing with your discretionary income availability, which you’re not meant to invest with your salary even when you get a salary increase or any bonus, firstly you need to sort out your expenses, you don’t just go all in and start buying Bitcoin with all your salary, whatever that would be it would be a huge mistake buying Bitcoin with your Salary, there are individuals who are also working on different source of income and also different cashflow to provide an opportunity of having more discretionary income to keep buying Bitcoin consistently.

I read an article by a successful investor where he gave his opinion. There he mentioned "Set a budget for the amount you will invest and spend the remaining amount of the fund on the family" . Many will not agree with him because in this process, an investor may give more importance to future investments and not spend money according to the needs of the family.

He may have recorded success in his investment, but his practices doesn't seem to be right and shouldn't be adopted, it is better to first take out your expenses and use the remainder which is your discretionary income to invest into bitcoin, prioritizing your investment against your expenses could very well be seen as over aggressiveness which is a bad practice as you may not be addressing the family needs properly and may not be able to sustain the investment for long. It is always a better option to create some kind of balance between your bitcoin investment and your personal life.

Secondly, from his practice, it is obvious he was not building out backup funds in the process of investing and it is a very wrong move, if an investor happens to have an emergency, how would he solve it since he doesn't have emergency funds?
Of course his bitcoin portfolio would serve as his emergency fund and he would prey on it for such situations which is a very wrong practice and as such can compromises his investment journey.

Bad practices often lead to bad results and that one guy was lucky with it doesn't validate it, investors should endeavor to cultivate a healthy practice in their investment journey by firstly taking care of the expenses and subsequently invest and build backup funds solely from their discretionary income.

[Mr_Brilliant$]

I personally think that your discretionary income should be increase with your salary. Set a budget for increasing Bitcoin accumulation and then assess the need to increase your household expenses. It is certainly logical to look for additional income because it will be difficult to achieve financial security by relying on one income.

You're making sense and it's a good idea to try and increase how much we put into the investment when you have a rise in salary but it's good to make sure your expenses are taken care of by prioritizing your needs over wants so you can have enough discretionary income to invest and increase your Bitcoin accumulation but in the case where your expenses still manage to take much despite the increase in salary as a result of inflation and didn't give room to increase your discretionary income then your priority should be catering for your expenses until you are able to get another source of income to increase your discretionary income and build an emergency fund. The idea is to make sure your expenses are taken care of so you don't have to depend on your investment when a little need arise.

The goal have always been to stay consistent with your investment no matter how little it might be, so when there is an increase in your income your priority should be taking care of your expenses which is basically your needs then when you stable you can then think of increasing your discretionary funds.

Human needs is on the increase everyday and it as important important and bitcoin investment, so an increase in your salary should first go into your needs then your investment with this you won’t be forced to take from your investment when you are in need.

Yeah that makes sense… consistency matters, but you cannot ignore your real life needs too..

If your income increases and your responsibilities increase as well, it is thoughtful that you sort that first. There is no point forcing investment and later you start pulling from it when things get tight..

It is better to stay balanced… handle your needs, then invest what you can comfortably keep in without pressure.  With that you won’t be disturbing your investment every time something comes up..

[Mene_rence]

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?

My own principle is to buy when the price is down and sell when it's high. In this period, bitcoin has been unstable recently and it's down in rate. so I'll advice that if you want to invest, this is the best time because definitely, bitcoin is going to rise in value very soon.

[JayJuanGee]

I personally think that your discretionary income should be increase with your salary. Set a budget for increasing Bitcoin accumulation and then assess the need to increase your household expenses. It is certainly logical to look for additional income because it will be difficult to achieve financial security by relying on one income.

You're making sense and it's a good idea to try and increase how much we put into the investment when you have a rise in salary but it's good to make sure your expenses are taken care of by prioritizing your needs over wants so you can have enough discretionary income to invest and increase your Bitcoin accumulation but in the case where your expenses still manage to take much despite the increase in salary as a result of inflation and didn't give room to increase your discretionary income then your priority should be catering for your expenses until you are able to get another source of income to increase your discretionary income and build an emergency fund. The idea is to make sure your expenses are taken care of so you don't have to depend on your investment when a little need arise.

The goal have always been to stay consistent with your investment no matter how little it might be, so when there is an increase in your income your priority should be taking care of your expenses which is basically your needs then when you stable you can then think of increasing your discretionary funds.

Human needs is on the increase everyday and it as important important and bitcoin investment, so an increase in your salary should first go into your needs then your investment with this you won’t be forced to take from your investment when you are in need.

Yeah that makes sense… consistency matters, but you cannot ignore your real life needs too..

If your income increases and your responsibilities increase as well,

You are thinking sloppily if you think that expenses go up merely because income goes up.  That is ridiculous, even if sometimes they might go up, yet many times if income is going up due to promotion then expenses are not necessarily going up.

On the other hand, cost of living is quite likely always going up, and sometimes income goes up in order to account for cost of living, yet many times income will not go up as fast as the cost of living, yet each of those measures should be done independently.. and it is inaccurate to presume expenses have gone up with income increases, even though it may not be presumptive to conclude that expenses are going up greater than income increases, which is a dynamic that everyone has to deal with, especially when they are in jobs that do not tend to receive adequate raises to account for increases in the cost of living.

it is thoughtful that you sort that first. There is no point forcing investment and later you start pulling from it when things get tight..

It is better to stay balanced… handle your needs, then invest what you can comfortably keep in without pressure.  With that you won’t be disturbing your investment every time something comes up..

You are correct that guys should invest with money that is available after basic expenses have been accounted... so when a guy has discretionary funds, he can invest with it, save and/or discretionarily spend.... so he has to figure out the balance for the extra money, and sure, sometimes he does not have extra money, and even if he receives raises some of his costs might be going up faster and higher than his increase in his income, yet the increases in his income does not cause him to have more expenses (except perhaps in rare case).

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?

My own principle is to buy when the price is down and sell when it's high. In this period, bitcoin has been unstable recently and it's down in rate. so I'll advice that if you want to invest, this is the best time because definitely, bitcoin is going to rise in value very soon.

You are not investing.  You are trading.

With bitcoin if you are going to invest, then you should have a timeline that is 4-10 years or longer, and if you are merely trying to play your anticipation of bitcoin' price wave, then you surely are trading rather than investing, even if you are trying to increase your bitcoin more by selling and buying back cheaper.

Also, I have my doubts that there are very many bitcoin traders that would have had been able to outperform guys who ongoingly and persistently invested in bitcoin, especially if we are comparing guys with timelines that are longer than a couple of cycles.

Perhaps you might proclaim that you do not have enough time to invest rather than trade and you need the money, yet the case with trader is that if they are underperforming investors, then they are not actually making money since in the long run they are losing, and their whole practice of trading likely devolves into a kind of gambling approach, and they are deceiving themselves by referring to their activities as if it were "investing" when it is not.

[cyberninja2]

If an investor have been consistently investing into bitcoin with discretionary income from his current salary and he has a salary increase from a particular month, the increment amount can add to his discretionary income since he takes care of his expenses already with the old salary and still has discretionary income to invest, same with a bonus at work, he can choose to use part of them to increase his buy amounts since both categories can be described as increased periodic income, which can result in increased discretionary income and can be used to invest. This is if all things remain equal and the investor doesn't go ahead to increase his lifestyle due to presence of more income and manually inflates his expenses to match with his new income.

In reality it is not impossible for any individual to emulate the actions of such an investor. However were that investor to suddenly face the same income or financial constraints experienced by the average person they would likely find themselves unable to invest as freely as before indeed they would be in the exact same predicament as someone with severely limited income. Consequently it is not that people lack the desire to invest in Bitcoin rather they often possess discretionary income that is already fully allocated to covering daily consumption needs. This is a crucial point that individuals must carefully consider if one's income is insufficient to cover both essential expenses and investments I believe it is prudent to temporarily defer the desire to invest in Bitcoin. This suggestion is not intended as a prohibition but rather as a matter of common sense aimed at preventing the individual from facing significant financial difficulties. Thus while the fundamental approach to investing may be the same for everyone—from the average person to the major investor—the sole distinguishing factor lies quite naturally in the magnitude of the income and financial resources at their disposal.

[Mene_rence]

I personally think that your discretionary income should be increase with your salary. Set a budget for increasing Bitcoin accumulation and then assess the need to increase your household expenses. It is certainly logical to look for additional income because it will be difficult to achieve financial security by relying on one income.

You're making sense and it's a good idea to try and increase how much we put into the investment when you have a rise in salary but it's good to make sure your expenses are taken care of by prioritizing your needs over wants so you can have enough discretionary income to invest and increase your Bitcoin accumulation but in the case where your expenses still manage to take much despite the increase in salary as a result of inflation and didn't give room to increase your discretionary income then your priority should be catering for your expenses until you are able to get another source of income to increase your discretionary income and build an emergency fund. The idea is to make sure your expenses are taken care of so you don't have to depend on your investment when a little need arise.

I agree with you on this. My own principle has always been to invest what you can loose. It's kind of not wise to put in all your life savings and sometimes not see the profit you so desire. Some invest and wants the profit immediately.
Bitcoin is a long time investment and it shouldn't be done when your immediate needs has not be cover. Yea, needs and expenses are insatiable but make sure your basic needs are taken care of first before investing.