Buy Buy Buy or Sell Sell Sell?

[JayJuanGee]

Investing in Bitcoin necessitates confidence and prudent income.

What the fuck is "prudent income"?  Is that some vague nonsensical term that you read someone else write, so you thought that it sounded smart?

Those that employ conservative income will surely be able to sustain their Bitcoin investment for a long time, and you should establish an emergency fund to keep your Bitcoin investment safe. New people will feel more safe if they build on this approach, because by following it and the DCA method for a long time, they will be able to produce a wealth of money in the future with a small investment.

I understand what you are saying which might relate to making sure to use discretionary income to buy bitcoin and to not use all of your discretionary income to buy bitcoin.  That makes sense if you don't use dumb ass vague terms like "prudent income"

While weekly investment in Bitcoin is the most crucial, if you have enough money, you may use the DCA approach to buy Bitcoin while keeping a little amount of cash. Then your Bitcoin investment will be able to perform more safely in the future, and you will certainly be successful in the long term if your strategy is sound.

Keep little amounts of cash?  That sounds dangerous.

How come you are not building up back up funds?  Also, are you starting out with low levels of back up funds and you are also suggesting to merely keep a little bit of cash?  That comes off as a recipe for disaster.

There are likely many folks who had already been in the practice of maintaining back up funds prior to coming to bitcoin, since so many people are likely worried that they have enough money to cover all of their basic expenses until the next time that they get paid, so each pay period and perhaps even over long periods of time (even prior to coming to bitcoin) they may well would have already been in a practice of keeping 2-6 weeks of cash that would be able to cover the fluctuations in their discretionary funds that might result in lower income and/or higher expenses.

And, surely some people are better at keeping back up funds than others (even before getting involved in bitcoin investing).

So a brand new person to bitcoin may well already have some practice of keeping some back up funds, and even though we frequently talk about guys who get into bitcoin and they have absolutely no back up funds, those kinds of guys are likely the exception rather than the rule when it comes to how normal people try to behave in terms of managing their income and/or expenses.

I am not even claiming that bitcoin newbies are good at managing their income/expenses, yet we cannot necessarily presume that guys who have already had income/expenses, they have also tended to have some incentives to make sure that they do not run out of money between paychecks.

At the same time, there could be some guys who have large amounts of cash already that they had been saving when they come to bitcoin, so when they come to bitcoin, it may well be practical (and "prudent") for them to consider allocating some of their already built up savings towards buying bitcoin.  Those are individual choices, and surely many of us recognize and appreciate that there are benefits in having more money to be able to invest rather than having less money or no money or barely having discretionary funds without any back up funds.

In any event, many of us also tend to talk about how it is likely a good practice to build up bitcoin holdings and backup funds at the same time, even though the rate of building them up might not be at the same rate - depending on personal preferences in that regard.

Yep @MarjorieZimmermanGinger is not distinguishing between basic expenses and discretionary expenses.  He is also calculating in a pretty fucking high level of discretionary funds to be able to invest 30% and put 20% into emergency funds (back up funds).  Most people cannot even come close to those levels of discretionary income.

When a guy has a lot of discretionary funds he tends to have a lot of options as compared with normal people who struggle to be able to invest/save consistently 10% of their income.  For some reason MarjorieZimmermanGinger is able to save/invest 50% of his income.  That is not typical at all. 

Since MarjorieZimmermanGinger has been registered on the forum since April 2017, he must be rich as fuck by now if he had been investing 30% of his income into bitcoin for more than 9 years, then he would have had been able to put 3 years of his income into bitcoin, which truly would be remarkable results.

I will do a quickie look at the matter.  Let's say that he earned $30k per year, and he was investing 1/3 into bitcoin since April 2017, then that would be $10k per year invested and so therefore  right about $93k invested which would have had accumulated just over 8 bitcoin, which would be a great place to be for a guy with a $30k per year income..

Right now 8 BTC could support an income of about $3,500 per month, which would be $42k per year which is right around 40% higher than his current income, which would truly be fuck you status, even though maybe he wants to accumulate a bit more?

While @MajorieZimmermanGinger’s case is impressive, it isn’t quite typical to everyone else.

It sounds quite unusual and unlikely, even though there are guys who either have really high income levels or they have other assets that they can bring into bitcoin that might allow them to invest into bitcoin at a rate that is around 30% per year for 9 years or more.

It’ll not be easy for just anyone to split their income into two halves using one part for necessary daily life expenses and the other for investment and savings (backups) and doing it consistently must be a high earner or some one with unusually low expenses.

That is exactly the case.  Most people struggle to get their discretionary funds even close to those kinds of levels, even though it is not impossible, it is just a bit of an unlikely scenario that MarjorieZimmermanGinger seems to be describing (unless he made some mistakes in his description?).

And with the narrative you’ve given it makes it clearer… I’ll also like to be in my fuck you status one day. However, for the normal guy he has to plan for his basic expenses first and sort out his discretionary income to be able to remain consistent with his investments.

I frequently suggest that if guys are able to invest on the high end of the range, then they are likely to put themselves into some variation of fuck you status faster, and surely the guys who started in bitcoin more than 10 years ago, had circumstances in which stacking reasonably aggressive levels of their income into bitcoin would have resulted in very great returns and abilities for a lot of guys to get to some variation of their fuck you status, even though, at the same time, a number of old timers screwed up, too.  The mere fact of being in bitcoin more than 10 years does not automatically put those guys into fuck you status right now, even if some of them might have been able to at least get a reasonably good headstart towards getting to some variation of fuck you status.

Another thing, as you suggest, guys have to work within their own parameters, so many times I mention 5% to 25% of income put into bitcoin as being a fairly reasonable range of options, yet at the same time, if guys are able to invest towards the top of that range, such as 15% to 25%, they are doing quite well.  It is difficult to be able to consistently invest higher than 25%, and even in some circumstances, it might not be a good idea to try to invest more than 25% since those kinds of levels might be pushing the limits of guys' abilities and the limits of their discretionary funds.

[MarjorieZimmermanGinger]

Yep @MarjorieZimmermanGinger is not distinguishing between basic expenses and discretionary expenses.  He is also calculating in a pretty fucking high level of discretionary funds to be able to invest 30% and put 20% into emergency funds (back up funds).  Most people cannot even come close to those levels of discretionary income.

When a guy has a lot of discretionary funds he tends to have a lot of options as compared with normal people who struggle to be able to invest/save consistently 10% of their income.  For some reason MarjorieZimmermanGinger is able to save/invest 50% of his income.  That is not typical at all. 

It wasn't easy at first because we were faced with conditions like inflation and recession that caused prices goods to rise. However, I started investing consistently in 2021, even though in previous years I had previously bought Bitcoin without properly planning and using the right strategy. The peak came after Covid passed, and I began to improve my finances by cutting down on unnecessary expenses, such as utilizing vacant land to grow vegetables in my backyard for family meals. I also started limiting non-essential purchases, so I invested 30% of my income.

Furthermore, I have a small business inherited from parents, which is still running well, allowing me to invest a slightly larger portion. Fifty percent of my income is sufficient for living expenses in my area, although not particularly luxurious. The remaining 20% is used for emergency funds (reserve funds). Honestly, my life is much better now because thanks to the proceeds from these investments, I was able to build a house although it's not particularly luxurious or large and for me this is an extraordinary achievement even though I know there are many other people who are much more successful than me.

[The Founding Titan]

Yep @MarjorieZimmermanGinger is not distinguishing between basic expenses and discretionary expenses.  He is also calculating in a pretty fucking high level of discretionary funds to be able to invest 30% and put 20% into emergency funds (back up funds).  Most people cannot even come close to those levels of discretionary income.

When a guy has a lot of discretionary funds he tends to have a lot of options as compared with normal people who struggle to be able to invest/save consistently 10% of their income.  For some reason MarjorieZimmermanGinger is able to save/invest 50% of his income.  That is not typical at all. 

Since MarjorieZimmermanGinger has been registered on the forum since April 2017, he must be rich as fuck by now if he had been investing 30% of his income into bitcoin for more than 9 years, then he would have had been able to put 3 years of his income into bitcoin, which truly would be remarkable results.

I will do a quickie look at the matter.  Let's say that he earned $30k per year, and he was investing 1/3 into bitcoin since April 2017, then that would be $10k per year invested and so therefore  right about $93k invested which would have had accumulated just over 8 bitcoin, which would be a great place to be for a guy with a $30k per year income..

Right now 8 BTC could support an income of about $3,500 per month, which would be $42k per year which is right around 40% higher than his current income, which would truly be fuck you status, even though maybe he wants to accumulate a bit more?

While @MajorieZimmermanGinger’s case is impressive, it isn’t quite typical to everyone else. It’ll not be easy for just anyone to split their income into two halves using one part for necessary daily life expenses and the other for investment and savings (backups) and doing it consistently must be a high earner or some one with unusually low expenses.
And with the narrative you’ve given it makes it clearer… I’ll also like to be in my fuck you status one day. However, for the normal guy he has to plan for his basic expenses first and sort out his discretionary income to be able to remain consistent with his investments.

If we haven't made sure that our basics expenses have been taken care of or haven't been able to figure out our discretionary income from our earnings (for salary earners) then it's not realistic to rush into investing in bitcoin, it's very important for us make sure to keep our investment within a tolerable range from our discretionary income, this is because aside from buying bitcoin there are other things we do with our discretionary income such as setting up our backup funds and also for our discretionary consumptions, if we become recklessly aggressive then we might cut in on what's meant for them as well.

[Crytohillss]

Yep @MarjorieZimmermanGinger is not distinguishing between basic expenses and discretionary expenses.  He is also calculating in a pretty fucking high level of discretionary funds to be able to invest 30% and put 20% into emergency funds (back up funds).  Most people cannot even come close to those levels of discretionary income.

When a guy has a lot of discretionary funds he tends to have a lot of options as compared with normal people who struggle to be able to invest/save consistently 10% of their income.  For some reason MarjorieZimmermanGinger is able to save/invest 50% of his income.  That is not typical at all.  

Since MarjorieZimmermanGinger has been registered on the forum since April 2017, he must be rich as fuck by now if he had been investing 30% of his income into bitcoin for more than 9 years, then he would have had been able to put 3 years of his income into bitcoin, which truly would be remarkable results.

I will do a quickie look at the matter.  Let's say that he earned $30k per year, and he was investing 1/3 into bitcoin since April 2017, then that would be $10k per year invested and so therefore  right about $93k invested which would have had accumulated just over 8 bitcoin, which would be a great place to be for a guy with a $30k per year income..

Right now 8 BTC could support an income of about $3,500 per month, which would be $42k per year which is right around 40% higher than his current income, which would truly be fuck you status, even though maybe he wants to accumulate a bit more?

While @MajorieZimmermanGinger’s case is impressive, it isn’t quite typical to everyone else. It’ll not be easy for just anyone to split their income into two halves using one part for necessary daily life expenses and the other for investment and savings (backups) and doing it consistently must be a high earner or some one with unusually low expenses.
And with the narrative you’ve given it makes it clearer… I’ll also like to be in my fuck you status one day. However, for the normal guy he has to plan for his basic expenses first and sort out his discretionary income to be able to remain consistent with his investments.

If we haven't made sure that our basics expenses have been taken care of or haven't been able to figure out our discretionary income from our earnings (for salary earners) then it's not realistic to rush into investing in bitcoin, it's very important for us make sure to keep our investment within a tolerable range from our discretionary income, this is because aside from buying bitcoin there are other things we do with our discretionary income such as setting up our backup funds and also for our discretionary consumptions, if we become recklessly aggressive then we might cut in on what's meant for them as well.

Before investing in Bitcoin it's important to make sure one basic expenses are fully  covered and that one have identified your discretionary income especially if one are a salary earner. Jumping into Bitcoin investment without taking care of these financial fundamental isn't realistic or sustainable method Bitcoin investment should come from an amount that one can comfortably afford to set aside from one discretionary income.

[Futurexxx]

Before investing in Bitcoin it's important to make sure one basic expenses are fully  covered and that one have identified your discretionary income especially if one are a salary earner. Jumping into Bitcoin investment without taking care of these financial fundamental isn't realistic or sustainable method Bitcoin investment should come from an amount that one can comfortably afford to set aside from one discretionary income.

Once investment in Bitcoin is made without first taking proper care of yourself and your basic needs, such person is no longer investing, but rather he is just gambling with his net income, because it will be only but a matter of time before he temper with it, or sell it bit by bit to take care of his basic expenses until everything will be exhausted.
So for continuity and stability of your Bitcoin investment, figuring out your discretionary income first before proceeding to invest is the best because since you invest from your discretionary income, which is a money you can do away with for a long time, you will not have to temper with your investment, unlike when you invest without taking proper care of your basic needs.

[Fash33]

While weekly investment in Bitcoin is the most crucial, if you have enough money, you may use the DCA approach to buy Bitcoin while keeping a little amount of cash. Then your Bitcoin investment will be able to perform more safely in the future, and you will certainly be successful in the long term if your strategy is sound.

Keep little amounts of cash?  That sounds dangerous.

How come you are not building up back up funds?  Also, are you starting out with low levels of back up funds and you are also suggesting to merely keep a little bit of cash?  That comes off as a recipe for disaster.

There are likely many folks who had already been in the practice of maintaining back up funds prior to coming to bitcoin, since so many people are likely worried that they have enough money to cover all of their basic expenses until the next time that they get paid, so each pay period and perhaps even over long periods of time (even prior to coming to bitcoin) they may well would have already been in a practice of keeping 2-6 weeks of cash that would be able to cover the fluctuations in their discretionary funds that might result in lower income and/or higher expenses.

I agree that to have backup funds is a smart approach when investing into bitcoin. is not something anyone should ignore, because life is unpredictable and set aside emergency reserves help investors to hold their bitcoin during difficult periods without being forced to sell their bitcoin, However. the goal is not to choose between backup funds or bitcoin, but to find a balance that will make you stay financially secure while still remaining committed for long long term plan.

And delay buying bitcoin till you build some weeks of cash savings, I think for some people to reaching that goal, it may take them a long time and during that period of building cash savings they may miss many opportunities to accumulate bitcoin consistently. But the practical approach is to build both at same time, whenever discretionary income is available, it can be divided in between bitcoin investment and emergency reserve, this allow both bitcoin holdings and also financial secure to grow together over time.

[Chinesebaby]

Before investing in Bitcoin it's important to make sure one basic expenses are fully  covered and that one have identified your discretionary income especially if one are a salary earner. Jumping into Bitcoin investment without taking care of these financial fundamental isn't realistic or sustainable method Bitcoin investment should come from an amount that one can comfortably afford to set aside from one discretionary income.

Once investment in Bitcoin is made without first taking proper care of yourself and your basic needs, such person is no longer investing, but rather he is just gambling with his net income, because it will be only but a matter of time before he temper with it, or sell it bit by bit to take care of his basic expenses until everything will be exhausted.
So for continuity and stability of your Bitcoin investment, figuring out your discretionary income first before proceeding to invest is the best..

And this doesn't end only after an individual may have figured out how much his discretionary income is at the end of the month. But rather your ability to be able to set a realistic fixed investment approach that will be able to help him stay consistent, is what matters the most. Because it's true that there are some people who knows their discretionary income, but their only challenges was the fact that they have an unrealistic investment approach into investing in Bitcoin long term. And for that exact reason, made it impossible for them to achieve long term investment with Bitcoin. And now after only you are able to know how much is your discretionary income is, if you are able to set the least #5k to #20k monthly consistently, before a complete year, you maybe have save a huge sum of Bitcoin in your portfolio. Hence, the more reason why little little accumulation always matters

[ChocolateBitcoinK]

Before investing in Bitcoin it's important to make sure one basic expenses are fully  covered and that one have identified your discretionary income especially if one are a salary earner. Jumping into Bitcoin investment without taking care of these financial fundamental isn't realistic or sustainable method Bitcoin investment should come from an amount that one can comfortably afford to set aside from one discretionary income.

In the case of Bitcoin investment, an investor should never be so confident that he will buy Bitcoin with the money he needs. Bitcoin will never bring you the profit you expect in the short term, so you must be careful when investing. When the invested money is beyond your capacity, then even a slight fluctuation in the market will cause an investor to get very stressed, where he can sell his investment at a loss. Therefore, it is very important to have a clear plan for your income and expenditure before starting investment, you should invest after meeting all your basic needs and finally, you cannot ignore the emergency fund for long-term security.

[Zackz5000]

Yep @MarjorieZimmermanGinger is not distinguishing between basic expenses and discretionary expenses.  He is also calculating in a pretty fucking high level of discretionary funds to be able to invest 30% and put 20% into emergency funds (back up funds).  Most people cannot even come close to those levels of discretionary income.

When a guy has a lot of discretionary funds he tends to have a lot of options as compared with normal people who struggle to be able to invest/save consistently 10% of their income.  For some reason MarjorieZimmermanGinger is able to save/invest 50% of his income.  That is not typical at all.  

Since MarjorieZimmermanGinger has been registered on the forum since April 2017, he must be rich as fuck by now if he had been investing 30% of his income into bitcoin for more than 9 years, then he would have had been able to put 3 years of his income into bitcoin, which truly would be remarkable results.

I will do a quickie look at the matter.  Let's say that he earned $30k per year, and he was investing 1/3 into bitcoin since April 2017, then that would be $10k per year invested and so therefore  right about $93k invested which would have had accumulated just over 8 bitcoin, which would be a great place to be for a guy with a $30k per year income..

Right now 8 BTC could support an income of about $3,500 per month, which would be $42k per year which is right around 40% higher than his current income, which would truly be fuck you status, even though maybe he wants to accumulate a bit more?

While @MajorieZimmermanGinger’s case is impressive, it isn’t quite typical to everyone else. It’ll not be easy for just anyone to split their income into two halves using one part for necessary daily life expenses and the other for investment and savings (backups) and doing it consistently must be a high earner or some one with unusually low expenses.
And with the narrative you’ve given it makes it clearer… I’ll also like to be in my fuck you status one day. However, for the normal guy he has to plan for his basic expenses first and sort out his discretionary income to be able to remain consistent with his investments.

If we haven't made sure that our basics expenses have been taken care of or haven't been able to figure out our discretionary income from our earnings (for salary earners) then it's not realistic to rush into investing in bitcoin, it's very important for us make sure to keep our investment within a tolerable range from our discretionary income, this is because aside from buying bitcoin there are other things we do with our discretionary income such as setting up our backup funds and also for our discretionary consumptions, if we become recklessly aggressive then we might cut in on what's meant for them as well.

Before investing in Bitcoin it's important to make sure one basic expenses are fully  covered and that one have identified your discretionary income especially if one are a salary earner. Jumping into Bitcoin investment without taking care of these financial fundamental isn't realistic or sustainable method Bitcoin investment should come from an amount that one can comfortably afford to set aside from one discretionary income.

It's already gambling to start making Bitcoin investment when you haven't sort out your basic or important needs doing this mean you are investing with your discretionary income which makes it to be gambling it's never recommendable to invest in Bitcoin with none discretionary income for there is no need rushing to invest when you have your discretionary income available, as a volatile asset we should always invest using our discretionary income from this discretionary income we can our emergency funds too to make our investment more safe so discretionary income is very important if one must invest in Bitcoin.

[Agbam]

Investing in Bitcoin necessitates confidence and prudent income.

What the fuck is "prudent income"?  Is that some vague nonsensical term that you read someone else write, so you thought that it sounded smart?

Those that employ conservative income will surely be able to sustain their Bitcoin investment for a long time, and you should establish an emergency fund to keep your Bitcoin investment safe. New people will feel more safe if they build on this approach, because by following it and the DCA method for a long time, they will be able to produce a wealth of money in the future with a small investment.

I understand what you are saying which might relate to making sure to use discretionary income to buy bitcoin and to not use all of your discretionary income to buy bitcoin.  That makes sense if you don't use dumb ass vague terms like "prudent income"

I laughed so hard when I read that comment PRUDENT INCOME,  he’s definitely trying to sound smart.

While weekly investment in Bitcoin is the most crucial, if you have enough money, you may use the DCA approach to buy Bitcoin while keeping a little amount of cash. Then your Bitcoin investment will be able to perform more safely in the future, and you will certainly be successful in the long term if your strategy is sound.

Keep little amounts of cash?  That sounds dangerous.

How come you are not building up back up funds?  Also, are you starting out with low levels of back up funds and you are also suggesting to merely keep a little bit of cash?  That comes off as a recipe for disaster.

I think he has the ideas or the knowledge but his way of describing it is the problem. The little amount of cash he’s talking about is most likely backups because he went on to say your bitcoin will perform more safely in the future…….
For an investor who’s investing with his discretionary in the DCA strategy and keeping money aside for emergency situations and other backups will surely do well in the long term.

[Silikiem]

Before investing in Bitcoin it's important to make sure one basic expenses are fully  covered and that one have identified your discretionary income especially if one are a salary earner. Jumping into Bitcoin investment without taking care of these financial fundamental isn't realistic or sustainable method Bitcoin investment should come from an amount that one can comfortably afford to set aside from one discretionary income.

Once investment in Bitcoin is made without first taking proper care of yourself and your basic needs, such person is no longer investing, but rather he is just gambling with his net income, because it will be only but a matter of time before he temper with it, or sell it bit by bit to take care of his basic expenses until everything will be exhausted.
So for continuity and stability of your Bitcoin investment, figuring out your discretionary income first before proceeding to invest is the best..

And this doesn't end only after an individual may have figured out how much his discretionary income is at the end of the month. But rather your ability to be able to set a realistic fixed investment approach that will be able to help him stay consistent, is what matters the most. Because it's true that there are some people who knows their discretionary income, but their only challenges was the fact that they have an unrealistic investment approach into investing in Bitcoin long term. And for that exact reason, made it impossible for them to achieve long term investment with Bitcoin. And now after only you are able to know how much is your discretionary income is, if you are able to set the least #5k to #20k monthly consistently, before a complete year, you maybe have save a huge sum of Bitcoin in your portfolio. Hence, the more reason why little little accumulation always matters

DCA method of buying and investing in bitcoin does not necessarily mean that you must be buying with an exact amount uniformly at every month, no the amount you’ll buy with must not be the same every month or week. What matters most is your ability to figure out a discretionary income and buy bitcoin at any of your available discretionary money no matter how small it is and hold for long term goal. The goal of DCA is to enable investors to buy and invest in bitcoin  according to their financial position or financial means and pace and not to pressure you into buying at a fixed and exact amount uniformly, because income can change, basic financial needs might increase or decrease, economic situations might not also be stable. So, what matters most is figuring out the discretionary income after sorting out their basic needs and then it’s left for every investor to decide how much of their discretionary income they will want to allocate towards buying bitcoin and also how much they will want to keep for their emergency and other back up funds or other of your discretionary spending.

[IceLincoln]

Yep @MarjorieZimmermanGinger is not distinguishing between basic expenses and discretionary expenses.  He is also calculating in a pretty fucking high level of discretionary funds to be able to invest 30% and put 20% into emergency funds (back up funds).  Most people cannot even come close to those levels of discretionary income.

When a guy has a lot of discretionary funds he tends to have a lot of options as compared with normal people who struggle to be able to invest/save consistently 10% of their income.  For some reason MarjorieZimmermanGinger is able to save/invest 50% of his income.  That is not typical at all. 

It wasn't easy at first because we were faced with conditions like inflation and recession that caused prices goods to rise. However, I started investing consistently in 2021, even though in previous years I had previously bought Bitcoin without properly planning and using the right strategy. The peak came after Covid passed, and I began to improve my finances by cutting down on unnecessary expenses, such as utilizing vacant land to grow vegetables in my backyard for family meals. I also started limiting non-essential purchases, so I invested 30% of my income.

Furthermore, I have a small business inherited from parents, which is still running well, allowing me to invest a slightly larger portion. Fifty percent of my income is sufficient for living expenses in my area, although not particularly luxurious. The remaining 20% is used for emergency funds (reserve funds). Honestly, my life is much better now because thanks to the proceeds from these investments, I was able to build a house although it's not particularly luxurious or large and for me this is an extraordinary achievement even though I know there are many other people who are much more successful than me.

What you have achieved is great, extraordinary in your own terms, you don’t have to compare it to others or are you trying to be humble?.  There aren’t many who are in such conditions. Most guys are trying to figure out their discretionary income others are trying to improve their source of income and you’ve already achieved both and investing 30% of income…. That’s beyond ordinary.
I can see the discipline you applied so far, it wasn’t just handed to you. With discipline and good financial planning you were able to maintain the business and remain consistent in your investment.

[JayJuanGee]

Yep @MarjorieZimmermanGinger is not distinguishing between basic expenses and discretionary expenses.  He is also calculating in a pretty fucking high level of discretionary funds to be able to invest 30% and put 20% into emergency funds (back up funds).  Most people cannot even come close to those levels of discretionary income.

When a guy has a lot of discretionary funds he tends to have a lot of options as compared with normal people who struggle to be able to invest/save consistently 10% of their income.  For some reason MarjorieZimmermanGinger is able to save/invest 50% of his income.  That is not typical at all. 

It wasn't easy at first because we were faced with conditions like inflation and recession that caused prices goods to rise. However, I started investing consistently in 2021, even though in previous years I had previously bought Bitcoin without properly planning and using the right strategy. The peak came after Covid passed, and I began to improve my finances by cutting down on unnecessary expenses, such as utilizing vacant land to grow vegetables in my backyard for family meals. I also started limiting non-essential purchases, so I invested 30% of my income.

Furthermore, I have a small business inherited from parents, which is still running well, allowing me to invest a slightly larger portion. Fifty percent of my income is sufficient for living expenses in my area, although not particularly luxurious. The remaining 20% is used for emergency funds (reserve funds). Honestly, my life is much better now because thanks to the proceeds from these investments, I was able to build a house although it's not particularly luxurious or large and for me this is an extraordinary achievement even though I know there are many other people who are much more successful than me.

I will take your representations with a bit of a grain of salt even though I do understand that it could be possible to get up to 30% of a guys income invested into bitcoin and another 20% put into emergency  funds (or back up funds), yet I am going to still stand by my comment that the situation that you are describing is  bit on the extraordinary side, and as we know that extraordinary claims tend to require extraordinary evidence to the extent that it would be reasonable for you to even provide some better evidence and/or context in order to show how you may have had worked through your situation through the years in regards to your claims of building up to such an ability to be able to accomplish such high levels of investment with the income and/or basic expenses that you may have had over the years.

Another problem, with your claim, even if it is true, is your attempt to describe it as if it were something that anyone should be able to do.  So it is a bit problematic to be describing your seemingly fortunate situation as if it were applicable to anyone and/or everyone, when it seems to be a bit atypical, at best, even if some variation of it happens to be truly what you are doing and have been building up to being able to do.

[Hardyrobust]

Before investing in Bitcoin it's important to make sure one basic expenses are fully  covered and that one have identified your discretionary income especially if one are a salary earner. Jumping into Bitcoin investment without taking care of these financial fundamental isn't realistic or sustainable method Bitcoin investment should come from an amount that one can comfortably afford to set aside from one discretionary income.

Once investment in Bitcoin is made without first taking proper care of yourself and your basic needs, such person is no longer investing, but rather he is just gambling with his net income, because it will be only but a matter of time before he temper with it, or sell it bit by bit to take care of his basic expenses until everything will be exhausted.
So for continuity and stability of your Bitcoin investment, figuring out your discretionary income first before proceeding to invest is the best..

And this doesn't end only after an individual may have figured out how much his discretionary income is at the end of the month. But rather your ability to be able to set a realistic fixed investment approach that will be able to help him stay consistent, is what matters the most. Because it's true that there are some people who knows their discretionary income, but their only challenges was the fact that they have an unrealistic investment approach into investing in Bitcoin long term. And for that exact reason, made it impossible for them to achieve long term investment with Bitcoin. And now after only you are able to know how much is your discretionary income is, if you are able to set the least #5k to #20k monthly consistently, before a complete year, you maybe have save a huge sum of Bitcoin in your portfolio. Hence, the more reason why little little accumulation always matters

DCA method of buying and investing in bitcoin does not necessarily mean that you must be buying with an exact amount uniformly at every month, no the amount you’ll buy with must not be the same every month or week. What matters most is your ability to figure out a discretionary income and buy bitcoin at any of your available discretionary money no matter how small it is and hold for long term goal. The goal of DCA is to enable investors to buy and invest in bitcoin  according to their financial position or financial means and pace and not to pressure you into buying at a fixed and exact amount uniformly, because income can change, basic financial needs might increase or decrease, economic situations might not also be stable. So, what matters most is figuring out the discretionary income after sorting out their basic needs and then it’s left for every investor to decide how much of their discretionary income they will want to allocate towards buying bitcoin and also how much they will want to keep for their emergency and other back up funds or other of your discretionary spending.

The DCA strategy doesn't have to be perfect for it to be called DCA strategy. It must not be done on weekly or monthly basis or even using a fixed amount. There is always room for flexibility while using the DCA strategy. Using DCA strategy should be done based on an investor financial situation. People financial situation varries, there are those with regular income and those without regular income , so it won't be a bad idea if those with irregular income decide to be flexible with there DCA strategy.
You are right about investor figuring out there discretionary income as the most important thing because without this it won't be possible for them to be consistent with there DCA strategy.

[Rubuchi]

While @MajorieZimmermanGinger’s case is impressive, it isn’t quite typical to everyone else. It’ll not be easy for just anyone to split their income into two halves using one part for necessary daily life expenses and the other for investment and savings (backups) and doing it consistently must be a high earner or some one with unusually low expenses.
And with the narrative you’ve given it makes it clearer… I’ll also like to be in my fuck you status one day. However, for the normal guy he has to plan for his basic expenses first and sort out his discretionary income to be able to remain consistent with his investments.

If we haven't made sure that our basics expenses have been taken care of or haven't been able to figure out our discretionary income from our earnings (for salary earners) then it's not realistic to rush into investing in bitcoin, it's very important for us make sure to keep our investment within a tolerable range from our discretionary income, this is because aside from buying bitcoin there are other things we do with our discretionary income such as setting up our backup funds and also for our discretionary consumptions, if we become recklessly aggressive then we might cut in on what's meant for them as well.

my belief is that most times life does not come with such guarantees or level of assurance, certainty or control. Meaning you must not be able to tick all those boxes you mentioned above correctly before you should start investing. Sometimes it also has to do with our mindset or psychology. Particularly for salary earners, you are hardly satisfied with what you earn to the point of running into debts sometimes with the mindset that you can always pay back when your salary lands. Does it mean that investing is not for those who have little money from their salary? I don’t think so. I believe that yes the salary might be meager but there is a way you can still adjust your lifestyle to fit into what you can afford and even spare some for your discretionary income then it makes sense and that’s usually very uneasy for most people. So if you ever picked interest in investing in bitcoin, the first question that should come to your mind is, how’s my lifestyle as related to my expenses, how can I adjust to be able to save for discretionary income and others, how long can I cope with that? Now a honest and thought provoking answer to those questions will really help to determine if you can invest in Bitcoin or not, particularly through the DCA approach which is the most practical approach in this manner.

[Joeboy]

The primary focus for every Bitcoin investors should be to always use their discretionary funds to buy, if they do they have eliminated any fear of over buying because it is amounts that they can afford to lose.

It is not proper to refer to your discretionary income as the money you can afford to lose...Sir Jay has given the difference between them countless numbers of time, so you could very well refer back to them...

What they have to do is figure out how much is appropriate from their discretionary funds to use and accumulate and everything will fall into place, they will buy for many years without any pressures of using money for their basic expenses. Guys that knows how to truly manage their cashflow wouldn't use money for their basic needs to buy Bitcoin, as an investor you should have basic knowledge about financial management to figure out how you spend your money for your basic expenses and discretionary funds.

Talking about things that very well brings amount a smooth investment journey, using discretionary income is just one of them because it is that funds that is very well generate/or obtained after your basic needs and responsibilities have been settled.. And that's the more reason why discretionary Income should be the primary funds for investing... But then again using discretionary income is just a piece of the puzzle, as there are other factors like having  your emergency funds and/or backups funds, long term mindset, cashflow management and whatnot... And when combined together, this factors ensure a smoother ride in the process of your investment...

[Obulis]

Once you’ve figured your discretionary income out there’s no need waiting to know all about bitcoin before getting started.

It's not matter of your discretionary income be available and it warrant you to venture into unacceptable or unnecessary investment, during investment of any kind, you have to scrutinize the investment to know the advantages and disadvantages or the risks that involve to the investment...That's why a real investors make a research properly before they embark in any investment plan's..If we invest because we have a discretionary income, that means investors will be investing in any they see that's available to invest...in summary, for safety measures, you have to know what you're investing for, despite the risks that's involve...

That's not actually the same with Bitcoin investment. Things to know about Bitcoin is the same anywhere anytime unlike say real estate business that you have to know about even the company you wish to invest with. Some knowledge about Bitcoin investment are already becoming basic. For example, the knowledge of wallet is already a common thing among many people (say would be newbies ) and other stuff. Unlike other investment ventures having discretionary funds is already enough tool to get started much more when a newbie is going to be using DCA strategy, strategy like buy the dip will definitely require more therefore making it not newbie friendly. Haven understood your cash flow and able to figure out your discretionary funds understanding Bitcoin strategy and deciding on which to apply is not a big deal and then starting out as soon as possible