Buy Buy Buy or Sell Sell Sell?

[ejikeme24]

Rich people will stay rich forever if their wealth is growing faster than they are spending it. 

if we look at those that are rich in the world today, they did not stop investment, they did not just fold their hand to start spending from the wealth they have. Acquired rather they go for more investment, they buy good asset and turn into something different, but all of this, is about the mindset, I do not think that any rich person will want to go broke that is why it seems like there is competition between wealthy people, they never get satisfied not because they are greedy but because they actually do not want to slide.

You might be wrong when you said rich people don't get satisfied, I agree with you when you said that rich people don't fold their hands to start spending from the wealth they have, Of course they also look for a way to maintain a steady income so that to enable them maintain that standard they are  already used to. And even if I happens to be a rich man today I will try to build a steady source of income, for the fact that I'm doing that doesn't mean I'm competing with anyone rather it is just me trying to maintain my standard of living it is only a greedy person that will be trying to make all the whole money in the world before they will be satisfied.

[Grease5000]

Rich people will stay rich forever if their wealth is growing faster than they are spending it. 

if we look at those that are rich in the world today, they did not stop investment, they did not just fold their hand to start spending from the wealth they have. Acquired rather they go for more investment, they buy good asset and turn into something different, but all of this, is about the mindset, I do not think that any rich person will want to go broke that is why it seems like there is competition between wealthy people, they never get satisfied not because they are greedy but because they actually do not want to slide.

You might be wrong when you said rich people don't get satisfied, I agree with you when you said that rich people don't fold their hands to start spending from the wealth they have, Of course they also look for a way to maintain a steady income so that to enable them maintain that standard they are  already used to. And even if I happens to be a rich man today I will try to build a steady source of income, for the fact that I'm doing that doesn't mean I'm competing with anyone rather it is just me trying to maintain my standard of living it is only a greedy person that will be trying to make all the whole money in the world before they will be satisfied.

Being rich is not about relaxing, it's about staying active with your money, most rich people.keep.investing because they realize that money can shrink if it is not growing. It not really about greed it is about maintaining their level  and avoiding going backwards.

[Sonia_123]

Rich people will stay rich forever if their wealth is growing faster than they are spending it. 

if we look at those that are rich in the world today, they did not stop investment, they did not just fold their hand to start spending from the wealth they have. Acquired rather they go for more investment, they buy good asset and turn into something different, but all of this, is about the mindset, I do not think that any rich person will want to go broke that is why it seems like there is competition between wealthy people, they never get satisfied not because they are greedy but because they actually do not want to slide.

You might be wrong when you said rich people don't get satisfied, I agree with you when you said that rich people don't fold their hands to start spending from the wealth they have, Of course they also look for a way to maintain a steady income so that to enable them maintain that standard they are  already used to. And even if I happens to be a rich man today I will try to build a steady source of income, for the fact that I'm doing that doesn't mean I'm competing with anyone rather it is just me trying to maintain my standard of living it is only a greedy person that will be trying to make all the whole money in the world before they will be satisfied.

Being rich is not about relaxing, it's about staying active with your money, most rich people.keep.investing because they realize that money can shrink if it is not growing. It not really about greed it is about maintaining their level  and avoiding going backwards.

Rich people keeps getting rich because they understand the importance of investment and do not miss any opportunity that comes their way, they are always taking long-term risk, diversifying their incomes and reinvest their profits which they get from their other investment or any investment they are into and allows their wealth to generate more wealth and they keep growing .

[PhilosopherKing]

This is because the position we feel now is still in good health and is still able to work but in the future if we don't invest anything it will be difficult if one day our health is reduced but with the investment we make this is certainly a good thing when we experience what we mentioned earlier because everyone doesn't want to have nothing in their old age so investing is one of the best ways that we should do when our position is still strong in working at a young age.

Sure, guys should be building and investing during their earning years, so that by the time they might not be ready, willing and/or able to work any more, then they are able to fall back on their investments, and they would have had needed to build it up in earlier years and made sure that they did not lose it along the way so that is is there by the time they transition from working and/or earning and being able to live off of it, whatever their whole investment portfolio might have had grown to.

Yes you are right. There is time for everything, there is time to earn and invest like when person is young to work and in good health. And there is a time to relax and depend on your investment like when person have old and have attained their investments peak.

When a person fucks up by loosing the opportunity to invest it might be hard to regain it back, that is why people should quit obsessing over withdrawing the little they have ongoingly accumulated and just be adding more stash now that they are strong to work and have discretionary income

[JayJuanGee]

Rich people will stay rich forever if their wealth is growing faster than they are spending it. 

if we look at those that are rich in the world today, they did not stop investment, they did not just fold their hand to start spending from the wealth they have. Acquired rather they go for more investment, they buy good asset and turn into something different, but all of this, is about the mindset, I do not think that any rich person will want to go broke that is why it seems like there is competition between wealthy people, they never get satisfied not because they are greedy but because they actually do not want to slide.

You might be wrong when you said rich people don't get satisfied, I agree with you when you said that rich people don't fold their hands to start spending from the wealth they have, Of course they also look for a way to maintain a steady income so that to enable them maintain that standard they are  already used to. And even if I happens to be a rich man today I will try to build a steady source of income, for the fact that I'm doing that doesn't mean I'm competing with anyone rather it is just me trying to maintain my standard of living it is only a greedy person that will be trying to make all the whole money in the world before they will be satisfied.

Being rich is not about relaxing, it's about staying active with your money, most rich people.keep.investing because they realize that money can shrink if it is not growing. It not really about greed it is about maintaining their level  and avoiding going backwards.

Is the rich person we imagine managing his own investments or is he paying a consultant to do that?

Either way, there might be reallocation from time to time, but if the investment portfolio is doing well accross a variety of industries (and even index funds in some cases), then there might not need be any reallocation, except maybe once a year or so.. .. Is that what you mean by "active"?   Reallocating (and/or reviewing) every year or maybe only when there might be reasons to trigger reallocating?  Hopefully you are not referring to "active" in terms of trading, since I would imagine that wealth preservation does not tend to be very compatible with active trading.

One of the justifications of not having an advisor is to keep the investment portfolio holdings less active, since it may well be the case that advisors will move things around from time to time to merely create impressions that they are doing things to earn their fees.. and yeah, I am not even sure if there are very many advisors who would take less than a couple percentage points of the investment portfolio for their annual management fees.  

Even though in bitcoin you may well not need advisors, especially if you are self-custodying, yet one of the advisor selling points is that advisors may well get access to certain kinds of funds (or products) that might not be easily available to individual investors who might be trying to invest on their own... yet at the same time, there may well not be too many advisors that are able to outperform a set of mainstream index funds.

Like I mentioned goals of investors, whether rich or otherwise likely relate to which stage they are at in their investment journey, since if they are in their accumulation phase, they will be building, and then maintenance they will be at least maintaining, then liquidation they may or may not be engaged in sustainable withdrawal.. if they are engaged in sustainable withdrawal they may well not be depleting their investment holdings (meaning not tapping into their principle and making sure that their investment portfolio largely holds its value in spite of ongoingly withdrawing from it), yet they might be at a stage of their life where they are o.k. to deplete the principle.. such as end of life and/or no intended beneficiaries (such as heirs).

[edited out]

Rich people keeps getting rich because they understand the importance of investment and do not miss any opportunity that comes their way, they are always taking long-term risk, diversifying their incomes and reinvest their profits which they get from their other investment or any investment they are into and allows their wealth to generate more wealth and they keep growing .

Like I already mentioned, all rich people are not the same, and surely there can be variance based on personal styles but also variance depending on where they are at in their bitcoin accumulation journey (or whatever else they might have in their investment portfolio)

[MissNonFall9]

You don't have to be financially stable to start to invest in bitcoin or even to continue to invest in bitcoin, even if being financially stable would be preferable and being financially stable might be something that guys should try to do.

The only thing that you need to get started investing in bitcoin is discretionary funds, and surely it would be good if a guy has common sense to be able to identify areas that he could improve, including managing his money, but those are not required to start investing in bitcoin or even to continue to buy bitcoin every once in a while.

Surely, many of us recognize and appreciate that investing is likely a 4-10 years or more endeavor, yet guys might have to develop those ideas and accept that timeline, and in order to be successful in their bitcoin investment, they also might need to learn the difference between trading and investing and to strengthen their cashflow management techniques and even strengthen their discretionary income.  But they don't need all of those matters in place in order to get started investing into bitcoin.  So you are wrong to proclaim some high level that guys need to have in place in order to get started investing in bitcoin and perhaps to even be able to continue to invest in bitcoin - even though each time a guy is deciding whether to buy more bitcoin, he has to make sure that he has discretionary funds at the time that he is making the new bitcoin purchase, and surely if the guy is going to be able to hang onto his bitcoin, he has to be able to pay for his expenses on an ongoing basis, and he may or may not have solid knowledge about his future income and/or his future expenses.... but it is still within his decision whether to buy and if so how much to buy and what measures he needs to take too make sure that he is NOT going to end up having to sell his bitcoin at a time that is not of his own choosing.

Sir, your valuable words about investing in Bitcoin always inspire me. But I would have benefited more if you explained a little why you don't have to be financially secure to invest in Bitcoin. Because wouldn't adopting a disciplined approach to Bitcoin bring us good results? I know that investing in Bitcoin does not require much knowledge or being an expert in the subject, but if we are not financially stable or do not have a clear idea about our spending, savings and risk taking ability then investing will become a risky business for us. Please forgive me if my words are wrong.

[Sim_card]

, but if we are not financially stable or do not have a clear idea about our spending, savings and risk taking ability then investing will become a risky business for us. Please forgive me if my words are wrong.

You don't need to be financially stable before you can invest in bitcoin because you only need your discretionary income to invest. This is why a new investor needs to study his own cash inflow and first figure out if he has a discretionary income or not before he can start his bitcoin investment.

Discretionary income means the leftover cash after you must have taken care of your basic needs and monthly expenses. It doesn't matter how much it is even though, it as small as $10 and above, you can still buy bitcoin with it.

If you want to wait to be financially stable before you start investing, you might end up not investing at all because more responsibilities can keep on popping up. If you don't have a steady discretionary income, you should buy bitcoin whenever, your discretionary is available and look for other means of income like getting a second job or learning a skill or go and get a higher qualification to increase your income.

If you have an additional income, that can be your discretionary and you can use part of it to DCA regularly, weekly, persistently and consistently and if possible buy aggressively. It's good you learn good financial management of your cash inflow as your are investing so that you can channel your income to the appropriate places.

[Zackz5000]

Sir, your valuable words about investing in Bitcoin always inspire me. But I would have benefited more if you explained a little why you don't have to be financially secure to invest in Bitcoin. Because wouldn't adopting a disciplined approach to Bitcoin bring us good results? I know that investing in Bitcoin does not require much knowledge or being an expert in the subject, but if we are not financially stable or do not have a clear idea about our spending, savings and risk taking ability then investing will become a risky business for us. Please forgive me if my words are wrong.

You can be waiting to be financially stable and wait forever with out getting started with your Bitcoin investment, we don't really need to be too rich before we can invest in Bitcoin if you can just figure out that you have your discretionary income which is money left after you have done all necessary things that is needed the left over is now your discretionary income which you can use in accumulating Bitcoin.
Low income earners still invest in Bitcoin with as small as your discretionary income you can gradually be accumulating Bitcoin using the DCA strategy while accumulating gradually you can also be working on your financial strength by building other means of income so you can be consistently accumulating Bitcoin.

[Sulegzy39]

When we look at today's wealthy people, we see that they did not stop investing and did not simply fold their hands to begin squandering their fortune. Acquired rather they go for more investment, they buy good assets and turn them into something different, but all of this is about mindset; I do not believe that any wealthy person would want to go bankrupt, which is why there appears to be competition among wealthy people; they never get satisfied not because they are greedy, but because they do not want to slide.

[cyberninja2]

Sir, your valuable words about investing in Bitcoin always inspire me. But I would have benefited more if you explained a little why you don't have to be financially secure to invest in Bitcoin. Because wouldn't adopting a disciplined approach to Bitcoin bring us good results? I know that investing in Bitcoin does not require much knowledge or being an expert in the subject, but if we are not financially stable or do not have a clear idea about our spending, savings and risk taking ability then investing will become a risky business for us. Please forgive me if my words are wrong.

What I need to ask you is if you find what you expressed inspiring it's certainly common for everyone when someone provides input like that. But do you only inspire with words or what about your own actions regarding Bitcoin investment?

Because we are ultimately solely responsible for our actions, investing in Bitcoin on a sustainable basis this doesn't mean we can't listen to others' explanations but rather that those explanations are only temporary and ultimately we manage our Bitcoin investments ourselves.
That's why we've experienced this. Explanations from various groups won't help us grow stronger and understand better. Without actual action all of this will just be mediocre and our investment progress will be reckless. We're acting without consistency and our knowledge is based solely on hearsay. We're doing it without delving into the investment objectives. Most importantly for me when I was just starting out I approached people who only knew how to do it. The rest is up to me to explore Bitcoin investing whether short-term or long-term.

[Rubuchi]

You might be wrong when you said rich people don't get satisfied, I agree with you when you said that rich people don't fold their hands to start spending from the wealth they have, Of course they also look for a way to maintain a steady income so that to enable them maintain that standard they are  already used to. And even if I happens to be a rich man today I will try to build a steady source of income, for the fact that I'm doing that doesn't mean I'm competing with anyone rather it is just me trying to maintain my standard of living it is only a greedy person that will be trying to make all the whole money in the world before they will be satisfied.

I’ve come to realise that rich people do hustle for money more than even the poor people for the reason that they are so afraid of being poor or testing the lifestyle of the poor people. Rich people are allergic to poverty and do not like anything that will put them in a condition where they can’t afford to eat or to live a comfortable lifestyle. This is the reason why many rich people are hustlers and hardworking. A poor person is more religious when it comes to looking for money and will pray more often than work smartly to make money. A rich person will dedicate more time to learning different ways and approaches towards making money than just praying about it and that’s why they tend to look for more sources of income they can lean on and don’t get me wrong, even the rich people pray for their success too and still go out to look for means of making more money without looking back or procrastinating about it. Although I also need to mention that inheriting a family wealth does not make you an automatic rich person because no matter how plenty a money is, in as much as you are not finding means to grow it, it will one day come to an end.

[CageMabok]

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Being rich is not about relaxing, it's about staying active with your money, most rich people.keep.investing because they realize that money can shrink if it is not growing. It not really about greed it is about maintaining their level  and avoiding going backwards.

Wealthy people are usually intelligent, as most wealthy people today have extensive connections and specialized knowledge, enabling them to thrive in these competitive environments. Because they possess extensive knowledge and connections, they naturally know how to remain wealthy for the foreseeable future. Those who are already wealthy will undoubtedly continue to invest their money in various activities to generate more income consistently, unhindered by the constant competition. So, regarding the wealthy, I don't think there's anything particularly interesting to discuss further. What's more interesting is discussing the poor who are striving to become rich using methods once adopted by today's wealthy, including options like long-term investment in Bitcoin.

[B-BossMan]

[edited out]

Rich people keeps getting rich because they understand the importance of investment and do not miss any opportunity that comes their way, they are always taking long-term risk, diversifying their incomes and reinvest their profits which they get from their other investment or any investment they are into and allows their wealth to generate more wealth and they keep growing .

Like I already mentioned, all rich people are not the same, and surely there can be variance based on personal styles but also variance depending on where they are at in their bitcoin accumulation journey (or whatever else they might have in their investment portfolio)

Sured. many of us can see clearly that rich people are actually not the same, most expecially when you take a look at thier lifestyles, there's no any financial disciplined and long-term planning. I agrre with your points that, there are different types of wealthy individuals in this life, some earn alots but they are spending thier money unnecessarily without proper financial planning  against thier future, and over time they may lose everything and regret thier life, because ( the pains of having before and not having now is unbearable) Personally I have see a case like that, where someone I know have money but didn't make any attempts on investing his money, and ended up become weaker financially. If such person/people knew and had allocated or invested some part of their money into a valuable asset such as Bitcoin investment with a long-term mindset, thier financial standards would have remained stronger and stable, even in thier difficult time or old age.

Also, there are some wealthy individuals who actually understood the relevant of investing earlier and  consistently, by putting some amounts of money into a valuable assets, like bitcoin investment,businesses, infrastructure and any other solid investment for several years, so that by the time they get or reach 50s or 60s they will still be enjoying thier time and remain independently financially.  Moreover, the truth is that, wealth is about planning, managing and investing for long term future, instead just earning and spending.

[Princess Leah]

Wealthy people are usually intelligent, as most wealthy people today have extensive connections and specialized knowledge, enabling them to thrive in these competitive environments. Because they possess extensive knowledge and connections, they naturally know how to remain wealthy for the foreseeable future. Those who are already wealthy will undoubtedly continue to invest their money in various activities to generate more income consistently, unhindered by the constant competition. So, regarding the wealthy, I don't think there's anything particularly interesting to discuss further. What's more interesting is discussing the poor who are striving to become rich using methods once adopted by today's wealthy, including options like long-term investment in Bitcoin.

When you make wealth to an extent all you'll care about is how to maintain and protect it, that's why many wealthy people go into investments of different kinds, many wealthy people are now considering Bitcoin not only because it's a store of value but it's offers a good way of storing generational wealth too.

 There's this saying that "if you go to Rome, act like a Roman". What am trying to say is that if you want to be wealthy then you'll have to emulated what wealthy people do to become wealthy and it's very possible with Bitcoin investment since poor people can invest as little as possible but consistent with their investment for longer period.
 

[Futurexxx]

.

Sir, your valuable words about investing in Bitcoin always inspire me. But I would have benefited more if you explained a little why you don't have to be financially secure to invest in Bitcoin. Because wouldn't adopting a disciplined approach to Bitcoin bring us good results? I know that investing in Bitcoin does not require much knowledge or being an expert in the subject, but if we are not financially stable or do not have a clear idea about our spending, savings and risk taking ability then investing will become a risky business for us. Please forgive me if my words are wrong.

The reason you don't have to be stable financially or have a stable income first before investing in Bitcoin is that, it's not what is required before you can invest in Bitcoin and be successful, because it's not a guarantee that anyone can invest in Bitcoin and be successful with it. Do you know that you might have a stable income and is unable to figure out your discretionary income to invest with?
Since it might be too small, so what is more important for every bitcoin investor is your discretionary income and your source of discretionary income, because without having a discretionary income to invest with, you can never be successful with your bitcoin investment, since it's what helps you to invest and accumulate consistently.

[Derekfunds]

When we look at today's wealthy people, we see that they did not stop investing and did not simply fold their hands to begin squandering their fortune. Acquired rather they go for more investment, they buy good assets and turn them into something different, but all of this is about mindset; I do not believe that any wealthy person would want to go bankrupt, which is why there appears to be competition among wealthy people; they never get satisfied not because they are greedy, but because they do not want to slide.

You are absolutely correct about wealthy people, they are always striving and competing to be the best and to be at the Apex but in Bitcoin investment it is entirely a different ball game where you don't need or have to competite with anyone but rather to focus on growing one's portfolio because trying to competite in Bitcoin investment can land someone into panicking and selling when they have  not gotten to a due stage ( overaccumulation stage).

[Kryptonite788]

The reason you don't have to be stable financially or have a stable income first before investing in Bitcoin is that, it's not what is required before you can invest in Bitcoin and be successful, because it's not a guarantee that anyone can invest in Bitcoin and be successful with it. Do you know that you might have a stable income and is unable to figure out your discretionary income to invest with?
Since it might be too small, so what is more important for every bitcoin investor is your discretionary income and your source of discretionary income, because without having a discretionary income to invest with, you can never be successful with your bitcoin investment,since it's what helps you to invest and accumulate consistently.

Having discretionary income alone doesn’t guarantee success ,there are many other factors that can determine how successful a person can be in bitcoin investment but many folks are focused on having discretionary income alone without considering that discipline and emotional control play a big part in a person’s success in bitcoin investment, you need to understand that having discretionary income alone is not enough because you can have it and still make mistakes ,discretionary income only helps you stay consistent in sustaining a long term healthy investment mindset but it doesn’t stop people from making bad decisions or exhibiting bad behavior in the investment journey.

[Proty]

Sir, your valuable words about investing in Bitcoin always inspire me. But I would have benefited more if you explained a little why you don't have to be financially secure to invest in Bitcoin. Because wouldn't adopting a disciplined approach to Bitcoin bring us good results? I know that investing in Bitcoin does not require much knowledge or being an expert in the subject, but if we are not financially stable or do not have a clear idea about our spending, savings and risk taking ability then investing will become a risky business for us. Please forgive me if my words are wrong.

You can be waiting to be financially stable and wait forever with out getting started with your Bitcoin investment, we don't really need to be too rich before we can invest in Bitcoin if you can just figure out that you have your discretionary income which is money left after you have done all necessary things that is needed the left over is now your discretionary income which you can use in accumulating Bitcoin.
Low income earners still invest in Bitcoin with as small as your discretionary income you can gradually be accumulating Bitcoin using the DCA strategy while accumulating gradually you can also be working on your financial strength by building other means of income so you can be consistently accumulating Bitcoin.

Bitcoin investment is not just for the rich alone both the rich and the poor can invest in bitcoin. However, the rich folks are more privileged in the sense that they have a good cash flow. It will be more easier for them to be able to accumulate a reasonable amount of bitcoin and to reach the fuck you status when compared to the poor folks.
The most important thing is if the poor folks can be able to sort out there discretionionary income then they are fit to start accumulating bitcoin.

[Rockson1]

You don't have to be financially stable to start to invest in bitcoin or even to continue to invest in bitcoin, even if being financially stable would be preferable and being financially stable might be something that guys should try to do.

The only thing that you need to get started investing in bitcoin is discretionary funds, and surely it would be good if a guy has common sense to be able to identify areas that he could improve, including managing his money, but those are not required to start investing in bitcoin or even to continue to buy bitcoin every once in a while.

Surely, many of us recognize and appreciate that investing is likely a 4-10 years or more endeavor, yet guys might have to develop those ideas and accept that timeline, and in order to be successful in their bitcoin investment, they also might need to learn the difference between trading and investing and to strengthen their cashflow management techniques and even strengthen their discretionary income.  But they don't need all of those matters in place in order to get started investing into bitcoin.  So you are wrong to proclaim some high level that guys need to have in place in order to get started investing in bitcoin and perhaps to even be able to continue to invest in bitcoin - even though each time a guy is deciding whether to buy more bitcoin, he has to make sure that he has discretionary funds at the time that he is making the new bitcoin purchase, and surely if the guy is going to be able to hang onto his bitcoin, he has to be able to pay for his expenses on an ongoing basis, and he may or may not have solid knowledge about his future income and/or his future expenses.... but it is still within his decision whether to buy and if so how much to buy and what measures he needs to take too make sure that he is NOT going to end up having to sell his bitcoin at a time that is not of his own choosing.

Sir, your valuable words about investing in Bitcoin always inspire me. But I would have benefited more if you explained a little why you don't have to be financially secure to invest in Bitcoin. Because wouldn't adopting a disciplined approach to Bitcoin bring us good results? I know that investing in Bitcoin does not require much knowledge or being an expert in the subject, but if we are not financially stable or do not have a clear idea about our spending, savings and risk taking ability then investing will become a risky business for us. Please forgive me if my words are wrong.

The question you ask is a prove that you want to learn, that is very good of you,  is not as if being financially alright before you can start your Bitcoin journey just as @JayJuanGee has told you, we just have to start from somewhere since what we need to invest with is the left over after we have met with our needs, the here is, if can figure out the so called discreationary income, once we figure this out then we are good but it does end there, as we start investing in Bitcoin, we do not need to fold our hands because we have to increase our discreationary income to make sure our acumulation moves smoothly and faster too and for us to achieve that we need more source of income, we have seem for improved source of income, waiting to be financially stable before we can start investing in Bitcoin is wrong mindset, those can cause delay and also discouragement, let's not forget that commitment gives us the zeal to work harder but in all we must learn to invest without pressure.

[Bright0515]

, but if we are not financially stable or do not have a clear idea about our spending, savings and risk taking ability then investing will become a risky business for us. Please forgive me if my words are wrong.

You don't need to be financially stable before you can invest in bitcoin because you only need your discretionary income to invest. This is why a new investor needs to study his own cash inflow and first figure out if he has a discretionary income or not before he can start his bitcoin investment.

Because of the fact that so many people want to start investing into Bitcoin with a reasonable amount of money makes them procrastinate (as they don't have a huge amount of money at the moment) and at the end they eventually end up not buying any Bitcoin at all. But the reality about Bitcoin investment is that people don't need to buy with the amount of money that they don't have, which means even with as low as $5 they can afford some portion of Bitcoin, but most importantly they have to keep on buying  (either daily, weekly or a month depending on how frequently they get money). Most times if they have a higher amount of spare money they can also increase the amount of Bitcoin they buy and if their discretionary income is not much they stick to the amount they can afford. By doing so, gradually gradually they are achieving some large amount of Bitcoin in their portfolio.

Discretionary income means the leftover cash after you must have taken care of your basic needs and monthly expenses. It doesn't matter how much it is even though, it as small as $10 and above, you can still buy bitcoin with it.

One major challenge about some investors is that they don't know how to spend. The truth about this is that it will be very difficult for them to balance a lot of things. Without figuring out the amount they earn, amount they spend, amount they save, amount they keep for emergency and the remaining balance in their account, it will be very difficult for them to invest in Bitcoin. Truth be told that even though they end up buying Bitcoin today they will sell it in no distant time and definitely they will sell at loss.
But if after every of their expenses they are able to pull out some amount of money after all their monthly expenses, with the remaining amount of money they can use it to buy Bitcoin, no matter how small the amount is, the most important thing is that they are buying some portion of Bitcoin.

If you want to wait to be financially stable before you start investing, you might end up not investing at all because more responsibilities can keep on popping up.

This is just the fact many people don't understand about live, sometimes you plan things and in the next few days other emergency will just pop up from the blue and you have to keep your plans aside and so you can sort the emergency immediately so that it don't turn up to get worse. Sometimes it doesn't even take up to a day before other responsibilities pop's up, even in a matter of seconds or few minutes it might come up and all plans will be kept one side.
Because of this, it's most important to start when you have the money so that it doesn't turns out to be just words.