Bitcoin_Budha
Member


Activity: 130
Merit: 19
|
 |
May 21, 2026, 09:05:32 PM |
|
Anyone who isn't investing with their discretionary income isn't an investor and will definitely not be able to hold because they will need thst money for what it was originally meant for meaning that they will have to sell to be able to do that, traders do this sometimes with the hope of getting profit in that short time before they will have to sell but even some traders still use their discretionary income because they understand that it can be lost in the trade. Bitcoin investment will not have any chance of success if you do it outside of your discretionary income.
I have to agree with you because I know many people who have made this mistake and faced losses because they were doing this without any strategy or consistent income. At the end, they mostly faced losses and then said goodbye to this crypto and Bitcoin world. Here, there always needed to be some work done after this. If someone can afford it, he surely invests; otherwise, he needs to stay away because in many cases, if you do not have enough funds, you have to sell your bitcoin or crypto while the price is also down. This always brings losses. A few weeks back, one of my friends on social media faced big losses because he bought bitcoin at a good price but at the end sold at a low price because he failed to settle his loans and other expenditures through his salary. Always doing a good strategy for having better results.
|
|
|
|
|
Johnlomape
Full Member
 

Activity: 560
Merit: 184
Need a campaign manager? Dm Hhampuz!
|
 |
May 21, 2026, 09:23:56 PM |
|
I find investors using the DCA strategy invest for the long term. Special Considerations Should Beginners Follow the DCA Method for Bitcoin Investments? What Can Be the Outcome -Future
## DCA here very okay for me and I prefer it more and more or thought it different is during the fall of dollar. DCA mean.. dollar-cost-averaging.it is very helpful for the newbies because it predicted the time to buy by reducing fear of timing the market so as to lower the emotions trading control. DCA strategy doesn't just reduce the fear of timing the market, when using DCA strategy there is no longer any need to time the market. So DCA strategy removes the need to time the market because every time and price is the right time and price to buy Bitcoin. With DCA strategy an investor buys Bitcoin without fear. Also consigning the emotions, if using DCA strategy and an investor is still emotional, that is a total misunderstanding because using DCA strategy doesn't just lower emotions it completely removes emotions. All these can be easy to do by someone that have been in the market for long and have the experience to invest. Many newbies do not know what's happening in the market and what they mostly think about is how they are going to be successful as an investor trying to take opportunity of every moment to make money for themselves. The reality might not be clear enough for most newbies ans they need fk gain a little experience before they can understand what's happening in the crypto space.
|
|
|
|
|
Futurexxx
|
 |
May 22, 2026, 07:23:43 AM Merited by JayJuanGee (1) |
|
All these can be easy to do by someone that have been in the market for long and have the experience to invest. Many newbies do not know what's happening in the market and what they mostly think about is how they are going to be successful as an investor trying to take opportunity of every moment to make money for themselves. The reality might not be clear enough for most newbies ans they need fk gain a little experience before they can understand what's happening in the crypto space.
Those that are still messing around trying to figure out everything before starting their accumulation are just wasting valuable time that should have been used to buy and accumulate because common sense and discretionary income is enough to get started, and you can easily attain more knowledge on what and what is needed to be able to hold strong, like putting down emergency and reserve funds in place to safeguard your Bitcoin investment from any emergency situation, but if you fails to start, all in the name of trying to figure out everything, you may not even start at all, and the possibility of procrastination creeping in is also there, so it's very important to start before seeking more knowledge on it.
|
|
|
|
ZeroVinsonN
Sr. Member
  

Activity: 504
Merit: 284
It takes a second for treasure to become trash
|
 |
May 22, 2026, 08:07:06 AM |
|
Well, yeah, some guys are likely using non-discretionary funds to buy bitcoin, since they really are not planning to invest in bitcoin and and hold it for 4-10 years or more, so they are trading/gambling rather than investing, but they are trying to figure out how to accomplish a trade that will be profitable within their timeline which is less than 4 years.
So, yeah, it can be difficult for some guys to actually assure that they have discretionary funds to be able to invest into bitcoin... which they probably should not be investing in bitcoin unless they are sure that they have a sufficient amount of discretionary funds... but that is a determination that each of us has to make in regards to both whether we can and then how much we are able to invest into bitcoin, whether it is weekly or some other time period that we are making our investments.
In a case where guys are using non- discretionary income, they are likely to be investing for short period of time and also likely to be traders rather than investors then we can say they going about bitcoin the wrong way, because we all know Bitcoin sole purpose as an investor is to accumulate as much as you can using the discretionary income to help build a good future. Most times the reason why bitcoin traders fails is because they are being ignorance about the volatility nature of bitcoin. Anyone who isn't investing with their discretionary income isn't an investor and will definitely not be able to hold because they will need thst money for what it was originally meant for meaning that they will have to sell to be able to do that, traders do this sometimes with the hope of getting profit in that short time before they will have to sell but even some traders still use their discretionary income because they understand that it can be lost in the trade. Bitcoin investment will not have any chance of success if you do it outside of your discretionary income. You have expressed an over reliance on discretionary income for Bitcoin accumulation but I don't want to make it too complicated. You may not have discretionary income at the initial stage of investing but you can still start accumulation Bitcoin if you have excess funds or discretionary funds available. This is an early stage situation for Bitcoin accumulation. With changing personal capabilities you can gradually reach a point of financial well-being and can accumulate Bitcoin regularly through discretionary income. Some investors may have started investing in Bitcoin late. They do not have a regular source of income but they receive a monthly retirement allowance and have a strong desire to accumulate Bitcoin. They can also be a successful Bitcoin investor if they have a long term strategy and the psychological condition to hold Bitcoin. If you don't have discretionary income at the initial stage of your investment then what are you exactly investing with? As long as you don't need to to pay for your essentials it is your discretionary income and that's what you invest with, that's also what you use to set up your backup funds in which your emergency is one of them, you discretionary spendings where you treat yourself to certain pleasures that aren't exactly necessary or can be considered extravagant comes from your discretionary income.
|
|
|
|
|
|
| R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
| | | | | | | | | ▄▄████▄▄ ▀█▀▄▀▀▄▀█▀ ▄▄░░▄█░██░█▄░░▄▄ ▄▄█░▄▀█░▀█▄▄█▀░█▀▄░█▄▄ ▀▄█░███▄█▄▄█▄███░█▄▀ ▀▀█░░░▄▄▄▄░░░█▀▀ █░░██████░░█ █░░░░▀▀░░░░█ █▀▄▀▄▀▄▀▄▀▄█ ▄░█████▀▀█████░▄ ▄███████░██░███████▄ ▀▀██████▄▄██████▀▀ ▀▀████████▀▀ | . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ ░▀▄░▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄░▄▀ ███▀▄▀█████████████████▀▄▀ █████▀▄░▄▄▄▄▄███░▄▄▄▄▄▄▀ ███████▀▄▀██████░█▄▄▄▄▄▄▄▄ █████████▀▄▄░███▄▄▄▄▄▄░▄▀ ████████████░███████▀▄▀ ████████████░██▀▄▄▄▄▀ ████████████░▀▄▀ ████████████▄▀ ███████████▀ | ▄▄███████▄▄ ▄████▀▀▀▀▀▀▀████▄ ▄███▀▄▄███████▄▄▀███▄ ▄██▀▄█▀▀▀█████▀▀▀█▄▀██▄ ▄██▀▄███░░░▀████░███▄▀██▄ ███░████░░░░░▀██░████░███ ███░████░█▄░░░░▀░████░███ ███░████░███▄░░░░████░███ ▀██▄▀███░█████▄░░███▀▄██▀ ▀██▄▀█▄▄▄██████▄██▀▄██▀ ▀███▄▀▀███████▀▀▄███▀ ▀████▄▄▄▄▄▄▄████▀ ▀▀███████▀▀ | | OFFICIAL PARTNERSHIP SOUTHAMPTON FC FAZE CLAN SSC NAPOLI |
|
|
|
As-Soon-As
Sr. Member
  

Activity: 854
Merit: 316
NO DEPO CODE VEGAR7, NO KYC Casino
|
 |
May 22, 2026, 09:27:38 AM |
|
If you don't have discretionary income at the initial stage of your investment then what are you exactly investing with? As long as you don't need to to pay for your essentials it is your discretionary income and that's what you invest with, that's also what you use to set up your backup funds in which your emergency is one of them, you discretionary spendings where you treat yourself to certain pleasures that aren't exactly necessary or can be considered extravagant comes from your discretionary income.
If you have to invest in Bitcoin, then it is much better for you to follow the DCA method. Because the investor must have a discretionary income, each person may earn less or more. So if you properly meet the basic needs of the family and invest the rest in Bitcoin, then this task is certainly much easier for you. Many people spend money excessively, such as watching movies, smoking, drinking, and eating nuts at the park. All these things make people spend their money carelessly. If each person uses this money properly and invests this money in Bitcoin, then at the end of the year he will still have an income of several thousand dollars. So if you keep Bitcoin investment like this for the future 10 to 12 years, then that person will definitely be able to grow his Bitcoin investment.
|
|
|
|
Tongley
Member


Activity: 94
Merit: 16
|
 |
May 22, 2026, 09:53:44 AM Merited by JayJuanGee (1) |
|
If you have to invest in Bitcoin, then it is much better for you to follow the DCA method. Because the investor must have a discretionary income, each person may earn less or more. So if you properly meet the basic needs of the family and invest the rest in Bitcoin, then this task is certainly much easier for you. Many people spend money excessively, such as watching movies, smoking, drinking, and eating nuts at the park. All these things make people spend their money carelessly. If each person uses this money properly and invests this money in Bitcoin, then at the end of the year he will still have an income of several thousand dollars. So if you keep Bitcoin investment like this for the future 10 to 12 years, then that person will definitely be able to grow his Bitcoin investment.
Investing your entire discretionary income in Bitcoin is not a good idea, especially for a newbie. If a person does not have an emergency fund, then he/she will need to build an emergency fund along with the investment. So if you invest the entire amount, you will have to sell the investment to meet the emergency fund. You can divide your discretionary income into three parts, one part for investments, one part for emergency fund and one part for monthly or weekly extra expenses. It is better to divide your discretionary fund according to your discretionary fund situation or according to your convenience.
|
|
|
|
|
|
cxtreenal
|
 |
May 22, 2026, 02:19:10 PM |
|
If you have to invest in Bitcoin, then it is much better for you to follow the DCA method. Because the investor must have a discretionary income, each person may earn less or more. So if you properly meet the basic needs of the family and invest the rest in Bitcoin, then this task is certainly much easier for you. Many people spend money excessively, such as watching movies, smoking, drinking, and eating nuts at the park. All these things make people spend their money carelessly. If each person uses this money properly and invests this money in Bitcoin, then at the end of the year he will still have an income of several thousand dollars. So if you keep Bitcoin investment like this for the future 10 to 12 years, then that person will definitely be able to grow his Bitcoin investment.
Investing your entire discretionary income in Bitcoin is not a good idea, especially for a newbie. If a person does not have an emergency fund, then he/she will need to build an emergency fund along with the investment. So if you invest the entire amount, you will have to sell the investment to meet the emergency fund. You can divide your discretionary income into three parts, one part for investments, one part for emergency fund and one part for monthly or weekly extra expenses. It is better to divide your discretionary fund according to your discretionary fund situation or according to your convenience. You are right. Discretionary income should be divided into three parts until you can build an emergency fund. One dilemma investors have is how big an emergency fund should be. The size of this fund should be the equivalent of 3-6 months of your all expenses. Once you have an emergency fund, you can divide your discretionary income into two parts, with the majority of it allocated to Bitcoin accumulation and a smaller amount for your extra expenses. You can also keep a cash fund available to add extra Bitcoin percentages when the price is relatively low. Or you can use that cash flow for small emergencies.
|
|
|
|
|
Jody.Drummer
|
 |
May 22, 2026, 04:26:21 PM |
|
In my opinion, these difficulties will not exist if we have a clear income and can manage our finances well, because with a clear income and good money management, it can make the distribution of the income earned go well, such as separating it to meet needs and for emergency funds as well as for investment. But still, if the finances are not stable then even with good money management it is difficult in my opinion even though good money management can be done but yes there may still be difficulties. And if that's the case then the problem that must be overcome first is to increase income to create a stable cash flow so that everything can be fulfilled sufficiently.
Yes we can use budget and money management in all different circumstances, but if we dont have money to manage them, then it does not matter. It is impossible to optimize budget that is already below survival level. Having base line is important to be able to split your money into savings, emergency funds, and investments. When cash flow is not in stable situation I believe focus should always be moved from saving money to making more money. Only way to deal with broken financial foundation, is to increase your income by learning additional skills or working more. After your income starts to stabilize and increase, your efforts at good money management will finally pay off, big time. It is about solving income problem first, once that is taken care of, proceeding with building long term investment plan. If that’s really the case where our income is still low then it’s hard to optimize our budget. I’ve been there myself, where I’ve already optimized my expenses to match my income, but it’s still a tough situation. The solution is to find another source of income even though it might seem difficult, that’s the only option. I agree with you that shifting from saving to earning more money is necessary when cash flow is unstable, because it’s pointless if our income isn’t enough to meet our needs let alone save since even meeting those needs is already difficult.
|
|
|
|
|
Moreno233
Sr. Member
  

Activity: 1064
Merit: 453
Trust the process, imbibe consistency
|
 |
May 22, 2026, 04:36:00 PM |
|
If you don't have discretionary income at the initial stage of your investment then what are you exactly investing with? As long as you don't need to to pay for your essentials it is your discretionary income and that's what you invest with, that's also what you use to set up your backup funds in which your emergency is one of them, you discretionary spendings where you treat yourself to certain pleasures that aren't exactly necessary or can be considered extravagant comes from your discretionary income.
People do a lot of things in their early stages of investing in Bitcoin and that includes investing when there is even no clear discretionary income. For instance, someone can decide to cut down on meals, from three square meals to eating once so that they can have extra income to invest in Bitcoin. People can cut down on expenses in many ways just to invest in Bitcoin. This may not be the best thing to do but beginners do it and then learn the best way of doing it with time. My point is that a beginner can start investing in Bitcoin even when there is no clear discretionary income, but with time they will learn the importance of investing with discretionary income and even setting up emergency funds.
|
|
██ ██ ██████ | R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | ██████ ██ ██ | ██████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████ | ██████████████ THE #1 SOLANA CASINO
██████████████ | ██████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████ | ████████████▄ ▀▀██████▀▀███ ██▄▄▀▀▄▄█████ █████████████ █████████████ ███▀█████████ ▀▄▄██████████ █████████████ █████████████ █████████████ █████████████ █████████████ ████████████▀ | ████████████▄ ▀▀▀▀▀▀▀██████ █████████████ ▄████████████ ██▄██████████ ████▄████████ █████████████ █░▀▀█████████ ▀▀███████████ █████▄███████ ████▀▄▀██████ ▄▄▄▄▄▄▄██████ ████████████▀ | [ [ | 5,000+ GAMES INSTANT WITHDRAWALS | ][ ][ | HUGE REWARDS VIP PROGRAM | ] ] | ████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ████ | ████████████████████████████████████████████████ PLAY NOW ████████████████████████████████████████████████ | ████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ████ |
|
|
|
|
Jewan420
|
 |
May 22, 2026, 07:21:37 PM Merited by JayJuanGee (1) |
|
If you don't have discretionary income at the initial stage of your investment then what are you exactly investing with? As long as you don't need to to pay for your essentials it is your discretionary income and that's what you invest with, that's also what you use to set up your backup funds in which your emergency is one of them, you discretionary spendings where you treat yourself to certain pleasures that aren't exactly necessary or can be considered extravagant comes from your discretionary income.
People do a lot of things in their early stages of investing in Bitcoin and that includes investing when there is even no clear discretionary income. For instance, someone can decide to cut down on meals, from three square meals to eating once so that they can have extra income to invest in Bitcoin. People can cut down on expenses in many ways just to invest in Bitcoin. This may not be the best thing to do but beginners do it and then learn the best way of doing it with time. My point is that a beginner can start investing in Bitcoin even when there is no clear discretionary income, but with time they will learn the importance of investing with discretionary income and even setting up emergency funds. I have not yet seen a newbie who is investing in Bitcoin by eating one meal instead of three meals a day. I cannot support giving money for investment by ignoring the fundamental right of people to eat three meals a day. You may be able to give extra discretionary money for investment by banning luxury foods from the food list and giving money for investment by excluding all luxury expenses, but giving money for investment by taking away basic rights is not advisable. Is there a guarantee that after starting investment without eating two meals, your source of income will increase later? "Investment should be done only with prudent money" Aren't you breaking this rule? I would suggest, first give importance to the present and achieve basic rights, then make sacrifices for investment in future plans.
|
|
██ ██ ██████ | R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | ██████ ██ ██ | ██████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████ | ██████████████ THE #1 SOLANA CASINO
██████████████ | ██████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████ | ████████████▄ ▀▀██████▀▀███ ██▄▄▀▀▄▄█████ █████████████ █████████████ ███▀█████████ ▀▄▄██████████ █████████████ █████████████ █████████████ █████████████ █████████████ ████████████▀ | ████████████▄ ▀▀▀▀▀▀▀██████ █████████████ ▄████████████ ██▄██████████ ████▄████████ █████████████ █░▀▀█████████ ▀▀███████████ █████▄███████ ████▀▄▀██████ ▄▄▄▄▄▄▄██████ ████████████▀ | [ [ | 5,000+ GAMES INSTANT WITHDRAWALS | ][ ][ | HUGE REWARDS VIP PROGRAM | ] ] | ████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ████ | ████████████████████████████████████████████████ PLAY NOW ████████████████████████████████████████████████ | ████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ████ |
|
|
|
|
Rockstarguy
|
 |
May 22, 2026, 09:03:44 PM |
|
If that’s really the case where our income is still low then it’s hard to optimize our budget. I’ve been there myself, where I’ve already optimized my expenses to match my income, but it’s still a tough situation. The solution is to find another source of income even though it might seem difficult, that’s the only option. I agree with you that shifting from saving to earning more money is necessary when cash flow is unstable, because it’s pointless if our income isn’t enough to meet our needs let alone save since even meeting those needs is already difficult.
I know income is very important in Bitcoin investment, but we need to be honest and ask ourselves a question. If eventually one's income increases, won't the needs still increase? Or the needs still remain the same? and one can comfortably invest in Bitcoin. But as the income increases and the needs increase, there is still the possibility that one may not end up investing in Bitcoin because you will still complain about your needs depriving you of investing in Bitcoin. Most times, I feel it is not enough income that is depriving people of investing in Bitcoin; it is because they need to meet their needs, which is the most important thing. Funny enough, you don't need a lot of money to invest in Bitcoin; you don't need to invest much, but if you can afford to invest a little amount consistently, you have done enough for yourself. Having needs is not a reason not to invest in Bitcoin; even with needs, one can still plan to invest in Bitcoin.
|
|
|
|
|
ejikeme24
|
 |
May 22, 2026, 10:13:40 PM |
|
I have not yet seen a newbie who is investing in Bitcoin by eating one meal instead of three meals a day.
I cannot support giving money for investment by ignoring the fundamental right of people to eat three meals a day. You may be able to give extra discretionary money for investment by banning luxury foods from the food list and giving money for investment by excluding all luxury expenses, but giving money for investment by taking away basic rights is not advisable.
Bitcoin investment should not deprive anyone from not eating Three meals a day as it is scheduled unless the person is used to eating one meal before he gets involved in bitcoin investment, although some people might be used to eating one meal a day due to their financial status as at that time so coming back to this current time they are doing absolutely well but still going with that old method of feeding. in this is case I don't think if there's anything wrong with that but I doubt if there's anyone who would eat One meal for the whole of the day. We should know that bitcoin investment is not mandatory whereas if you don't invest you face punishment no" even before investing we are advised to have all our expenses figured out then the Left over is what we are to invest with and not using money meant for other important things like food or basic necessities to invest in bitcoin, this way it's not longer an investment but gambling because there's every possiblity of selling out your investment at any time.
|
|
|
|
|
Victorybit1
|
 |
May 22, 2026, 11:32:34 PM |
|
If you don't have discretionary income at the initial stage of your investment then what are you exactly investing with? As long as you don't need to to pay for your essentials it is your discretionary income and that's what you invest with, that's also what you use to set up your backup funds in which your emergency is one of them, you discretionary spendings where you treat yourself to certain pleasures that aren't exactly necessary or can be considered extravagant comes from your discretionary income.
People do a lot of things in their early stages of investing in Bitcoin and that includes investing when there is even no clear discretionary income. For instance, someone can decide to cut down on meals, from three square meals to eating once so that they can have extra income to invest in Bitcoin. People can cut down on expenses in many ways just to invest in Bitcoin. This may not be the best thing to do but beginners do it and then learn the best way of doing it with time. My point is that a beginner can start investing in Bitcoin even when there is no clear discretionary income, but with time they will learn the importance of investing with discretionary income and even setting up emergency funds. It's best to start up with your discretionary income and not to cut down your expenses or basic needs just to raise up discretionary income for the investment purposes, one thing I know is that your needs are essentially and it must always come first because if you tend to starve yourself just to invest on Bitcoin and then in the process fall sick you will still go back and use up same money saved up in Bitcoin for the self medication as that comes before anything in life and so that's not a good move at all for me though.
|
|
|
|
|
Different patterns
|
 |
Today at 03:40:34 AM |
|
Well, yeah, some guys are likely using non-discretionary funds to buy bitcoin, since they really are not planning to invest in bitcoin and and hold it for 4-10 years or more, so they are trading/gambling rather than investing, but they are trying to figure out how to accomplish a trade that will be profitable within their timeline which is less than 4 years.
So, yeah, it can be difficult for some guys to actually assure that they have discretionary funds to be able to invest into bitcoin... which they probably should not be investing in bitcoin unless they are sure that they have a sufficient amount of discretionary funds... but that is a determination that each of us has to make in regards to both whether we can and then how much we are able to invest into bitcoin, whether it is weekly or some other time period that we are making our investments.
In a case where guys are using non- discretionary income, they are likely to be investing for short period of time and also likely to be traders rather than investors then we can say they going about bitcoin the wrong way, because we all know Bitcoin sole purpose as an investor is to accumulate as much as you can using the discretionary income to help build a good future. Most times the reason why bitcoin traders fails is because they are being ignorance about the volatility nature of bitcoin. You are right about your point of view, this is the reason why proper bitcoin investment should always come from discretionary income, not from money that meant for important needs. Whenever people invest with funds they cannot afford to leave untouched for a very long periods, they easily panic during volatility and end up behaving like short team traders instead of long term investors. most traders fail because they only focus to much on short term price without understanding the bitcoin long term value and scarcity, but investors that consistently accumulate with patience are usually in a better position to benefit in the future.
|
|
|
|
JayJuanGee
Legendary
Online
Activity: 4452
Merit: 14487
Self-Custody is a right. Say no to "non-custodial"
|
 |
Today at 04:03:43 AM |
|
Edited out
I don't like seeing people dedicated thier whole mindset to trading/gambling rather than the real Bitcoin investing. The mindset or mentality of trying to make a quick money/profit from Bitcoin is one of the biggest mistakes many people make, most of these people cannot even identify what thoer discretionary income is properly, and they get panic easily whenever the market becomes volatile. To me. Investing in Bitcoin should only happen when someone has confidence that then money they are using is actually a discretionary income and not the money needed for emergency bills or daily survival, so once that is clear, the next step is simply deciding how much you can be able to lose then how much ften to invest based on your personal finances strength. For example, if someone is earning higher income he may comfortably invest like 40% or 50% weekly while another person may or can only afford 10% or 15% monthly both are not bad. But what matters most just consistency with your discretionary income and invest for long-term growth, is far better to be buying $30 worth of bitcoin every week consistently than, purchase a $300 worth of bitcoin at once and later sell because you urgently need money emergency. You make reasonable points. I was going to send you an smerit, except you misquoted me in your original version, so it looks like you posted my words.. which is misleading. You should fix your post quotes. If you don't have discretionary income at the initial stage of your investment then what are you exactly investing with? As long as you don't need to to pay for your essentials it is your discretionary income and that's what you invest with, that's also what you use to set up your backup funds in which your emergency is one of them, you discretionary spendings where you treat yourself to certain pleasures that aren't exactly necessary or can be considered extravagant comes from your discretionary income.
People do a lot of things in their early stages of investing in Bitcoin and that includes investing when there is even no clear discretionary income. For instance, someone can decide to cut down on meals, from three square meals to eating once so that they can have extra income to invest in Bitcoin. People can cut down on expenses in many ways just to invest in Bitcoin. This may not be the best thing to do but beginners do it and then learn the best way of doing it with time. My point is that a beginner can start investing in Bitcoin even when there is no clear discretionary income, but with time they will learn the importance of investing with discretionary income and even setting up emergency funds. You cannot be "investing" in bitcoin if you don't have discretionary funds. If you are buying bitcoin with money that you need for your expenses, then you are gambling with money that you need for your expenses, so how could that be considered investing? With investing, you should expect to be using money that you can afford to lose, and also likely with a timeline that is 4-10 years or more into the future... but if you try to use non-discretionary funds then how is that going to work? It probably is going to be better that you figure out some ways to increase your income and/or cut your expenses, which maybe is what you were trying to describe by buying ONLY 1 meal per day rather than 3 meals per day, and maybe that will work if you are still eating sufficiently enough to nourish yourself, yet it might be better to figure out ways to source your food with nutritious and inexpensive foods, since it could be problematic to overly skip meals.. even though you could cut down your portions and have small portions through the day, yet each of us still needs to assure that we are not contributing to our own health issues or loss of energy that could affect our abilities to earn income. I am not opposed to creative ways to cut some expenses, yet we still have to make sure that we are not overly cutting some of our expenses and/or otherwise undermining aspects of our health.
|
1) Self-Custody is a right. Resist being labelled as: "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
|
|
|
|
B-BossMan
|
 |
Today at 04:52:31 AM |
|
Edited out
I don't like seeing people dedicated thier whole mindset to trading/gambling rather than the real Bitcoin investing. The mindset or mentality of trying to make a quick money/profit from Bitcoin is one of the biggest mistakes many people make, most of these people cannot even identify what thoer discretionary income is properly, and they get panic easily whenever the market becomes volatile. To me. Investing in Bitcoin should only happen when someone has confidence that then money they are using is actually a discretionary income and not the money needed for emergency bills or daily survival, so once that is clear, the next step is simply deciding how much you can be able to lose then how much ften to invest based on your personal finances strength. For example, if someone is earning higher income he may comfortably invest like 40% or 50% weekly while another person may or can only afford 10% or 15% monthly both are not bad. But what matters most just consistency with your discretionary income and invest for long-term growth, is far better to be buying $30 worth of bitcoin every week consistently than, purchase a $300 worth of bitcoin at once and later sell because you urgently need money emergency. You make reasonable points. I was going to send you an smerit, except you misquoted me in your original version, so it looks like you posted my words.. which is misleading. You should fix your post quotes.Sorry for that, I wasn't even noticed, anyway thanks for your observations i have fixed it now. https://bitcointalk.org/index.php?topic=5519917.msg66743273#msg66743273
|
|
|
|
Umulala-alala
Sr. Member
  

Activity: 476
Merit: 295
ALIGE
|
 |
Today at 05:41:07 AM |
|
My point is that a beginner can start investing in Bitcoin even when there is no clear discretionary income, but with time they will learn the importance of investing with discretionary income and even setting up emergency funds.
This is the honest truth you shouldn't invest in BTC if you are yet to figure out your discretionary income if you are investing out your discretionary income it means that you are only gambling because the money you are using to invest is not your left over income but income you should use to settle your importants and basic needs. When you invest with funds that is not your discretionary income you are going to sell your bitcoin too soon when the need of the funds will arise so the best to do is stay low and work on having a discretionary income before you can get started with your bitcoin investment.
|
|
|
|
Big Dirams
Full Member
 

Activity: 238
Merit: 134
Bitcoin Casino Est. 2013
|
 |
Today at 07:04:45 AM |
|
You cannot be "investing" in bitcoin if you don't have discretionary funds. If you are buying bitcoin with money that you need for your expenses, then you are gambling with money that you need for your expenses, so how could that be considered investing? With investing, you should expect to be using money that you can afford to lose, and also likely with a timeline that is 4-10 years or more into the future... but if you try to use non-discretionary funds then how is that going to work?
It probably is going to be better that you figure out some ways to increase your income and/or cut your expenses, which maybe is what you were trying to describe by buying ONLY 1 meal per day rather than 3 meals per day, and maybe that will work if you are still eating sufficiently enough to nourish yourself, yet it might be better to figure out ways to source your food with nutritious and inexpensive foods, since it could be problematic to overly skip meals.. even though you could cut down your portions and have small portions through the day, yet each of us still needs to assure that we are not contributing to our own health issues or loss of energy that could affect our abilities to earn income. I am not opposed to creative ways to cut some expenses, yet we still have to make sure that we are not overly cutting some of our expenses and/or otherwise undermining aspects of our health.
You are right, setting aside a discretionary income is the smart and reasonable way to start our investment journey so we wouldn’t run back to our investment anytime we need to settle our expenses or any other necessities. So we can see how importantly the discretionary income lays a big foundation towards our investment journey. Discretionary income are just funds left after settling our necessities and paying our bills. Which is why it is smart to have it sort out before starting even if it takes us more time we should make room for our discretionary income before our investments journey so we wouldn’t fall into shifting our investments mindset to trading mindset or gambling Mindset.
|
|
|
|
PalmYra
Newbie

Activity: 4
Merit: 1
|
 |
Today at 07:07:13 AM |
|
I find investors using the DCA strategy invest for the long term. Special Considerations Should Beginners Follow the DCA Method for Bitcoin Investments? What Can Be the Outcome -Future
DCA is the most popular strategy among investment strategies. All types of people can invest in DCA strategy, DCA brings equal benefits to low-income people and high-income people. Even, DCA strategy plays the most role in staying active with Bitcoin regularly. DCA is the only strategy to prevent wasting time and avoid additional research. Since DCA strategy does not require much knowledge to start investing, beginners should follow DCA strategy in investment.
|
|
|
|
|
|
cyberninja2
|
 |
Today at 08:23:06 AM |
|
...
DCA is the most popular strategy among investment strategies. All types of people can invest in DCA strategy, DCA brings equal benefits to low-income people and high-income people. Even, DCA strategy plays the most role in staying active with Bitcoin regularly. DCA is the only strategy to prevent wasting time and avoid additional research. Since DCA strategy does not require much knowledge to start investing, beginners should follow DCA strategy in investment. Currently, this strategy is considered paramount for all parties involved in investing, signifying that it is remarkably easy for anyone to implement. During the accumulation phase—a core component of DCA—investors can grasp the process quickly and intuitively, without encountering the difficulties often associated with other methods. Consequently, it is entirely natural that this strategy has emerged as the gold standard—or the most popular approach—for Bitcoin investment today; fundamentally, it provides substantial assistance and benefits to everyone, whether they are low-income earners or individuals with incomes exceeding their expectations. At present, nearly everyone involved in Bitcoin investment prefers the DCA method. This is because DCA is not a strategy that results in wasted time; rather, for those wishing to invest with full confidence, it fosters the consistent discipline necessary for success. It is a logical choice, particularly for those who desire to invest but lack sufficient knowledge regarding the specific actions they should take; by adopting DCA, they ensure that their efforts are productive and not in vain. Thus, the existence of such a strategy is immensely helpful and beneficial for beginners—those just starting their journey in Bitcoin investment—as it paves a smoother path for them to begin and enables them to maintain their investment activities on a sustainable basis.
|
|
|
|
|