Balancing Financial security and Bitcoin Accumulation

[Proty]

This is just why people should not do more than they can handle, if you are not generating enough discretionary income to buy $100 worth of bitcoin every week then buy at whatever level you can manage, you don't even have to buy every week if you can afford to do so, the point is about starting and making sure to be consistent in your accumulation, as long as the person is buying with their discretionary income when they can, with time their bitcoin holding will grow as well.

Having plenty amount of discretionary income should not even necessitate person to go all in with their discretionary income. There is a very big risk when person invest with all their discretionary income . Because apart fom. Investing, there are also other reason like why discretionary income is used when investing. When start your ongoing investment, person can use a start small in the way they are comfortable so that they can ongoingly invest, learn and also be consistent with it, without affecting the other part of the person life.

And along the way,.as person figure things out and grow up their understanding, they can then begin to increase their investments money up to a more higher amount .

As far as you are not investing with the money meant to solve your essential things, even if your discretionary income is $1 million and you are okay to go all in with it and accumulate Bitcoin it is very much okay to do that since it is the money you do not care to lose, and there is no risk when people invest with all their discretionary income, it is when people invest with what they cannot afford to lose or when they do not save various back up funds, like emergency fund and reserve fund than there will be a big risk to invest in Bitcoin as these funds is what will sustain their Bitcoin investment.

There is always risk even if you are using discretionary income to invest in bitcoin. Using discretionary income to invest in bitcoin will not in any way make your bitcoin investment to be risk free. Also it is not a good idea for anyone to use all their discretionary income to invest in bitcoin. Apart from bitcoin investment there are other things that you can used your discretionary income for, like setting an emergency funds and other discretionary needs. Using all your discretionary income to buy bitcoin will definitely put you into financial pressures and you may end up selling your bitcoin when you are not supposed to. Being consistent is far more important than using all our discretionary to buy bitcoin at once.

[ZeroVinsonN]

This is just why people should not do more than they can handle, if you are not generating enough discretionary income to buy $100 worth of bitcoin every week then buy at whatever level you can manage, you don't even have to buy every week if you can afford to do so, the point is about starting and making sure to be consistent in your accumulation, as long as the person is buying with their discretionary income when they can, with time their bitcoin holding will grow as well.

Having plenty amount of discretionary income should not even necessitate person to go all in with their discretionary income. There is a very big risk when person invest with all their discretionary income . Because apart fom. Investing, there are also other reason like why discretionary income is used when investing. When start your ongoing investment, person can use a start small in the way they are comfortable so that they can ongoingly invest, learn and also be consistent with it, without affecting the other part of the person life.

And along the way,.as person figure things out and grow up their understanding, they can then begin to increase their investments money up to a more higher amount .

As far as you are not investing with the money meant to solve your essential things, even if your discretionary income is $1 million and you are okay to go all in with it and accumulate Bitcoin it is very much okay to do that since it is the money you do not care to lose, and there is no risk when people invest with all their discretionary income, it is when people invest with what they cannot afford to lose or when they do not save various back up funds, like emergency fund and reserve fund than there will be a big risk to invest in Bitcoin as these funds is what will sustain their Bitcoin investment.

I disagree with you, maybe there is a small minority that can invest in bitcoin will all of their discretionary income and not be affected but it but compared to the rest of us their numbers are insignificant, majority of bitcoin investor can sustain 100% investment of their discretionary income in bitcoin regardless of whether they have their backup win place or not, having their backup funds already set up might increase how long they can try to go all in but it won't carry them for too long, eventually you will have to spend on something else that's discretionary, you can't ignore your discretionary spendings forever.

[Rhow]

Using all your discretionary income to buy bitcoin will definitely put you into financial pressures and you may end up selling your bitcoin when you are not supposed to. Being consistent is far more important than using all our discretionary to buy bitcoin at once.

The percentage of discretionary income an investor should use to buy Bitcoin may not be determined by percentage alone. Rather, it may be necessary to consider his emergency fund, reserve fund, possible future expenses, income reliability and discretionary spending.

Two investors may have $300 in discretionary income per month. If the first one has already built up an emergency fund for a few months, has no major upcoming expenses and his discretionary consumption is very low. But if the second one does not have an emergency fund, his expenses are likely to increase every month. Then if both of them give them the full $300 in Bitcoin, their risk will not be the same. Because the first one may have given the whole amount considering his financial situation but the second one did not. Therefore, whether one of them will definitely face financial pressure even if he uses 100% discretionary income depends on his proper planning.

[Promocodeudo]

There is always risk even if you are using discretionary income to invest in bitcoin. Using discretionary income to invest in bitcoin will not in any way make your bitcoin investment to be risk free. Also it is not a good idea for anyone to use all their discretionary income to invest in bitcoin. Apart from bitcoin investment there are other things that you can used your discretionary income for, like setting an emergency funds and other discretionary needs. Using all your discretionary income to buy bitcoin will definitely put you into financial pressures and you may end up selling your bitcoin when you are not supposed to. Being consistent is far more important than using all our discretionary to buy bitcoin at once.

In this context, being Bitcoin investment, your discreationary income is the very fund we need to invest with, although I agree with you that there should be a sharing formula, some part should go into Bitcoin investment, some for emergencies which will help in keeping your Bitcoin investment intact without you being in need that will trigger you to take some funds out of it when you've not reached your target yet, I think what every investor need to learn is financial management, I know how effective going slow and steady is, as a Bitcoin investor, and I refuse to be l part of anything that'll make me ignore having an emergency funds because I understand how important it is, especially for a long-term investor

[Cgrexp]

This is just why people should not do more than they can handle, if you are not generating enough discretionary income to buy $100 worth of bitcoin every week then buy at whatever level you can manage, you don't even have to buy every week if you can afford to do so, the point is about starting and making sure to be consistent in your accumulation, as long as the person is buying with their discretionary income when they can, with time their bitcoin holding will grow as well.

Having plenty amount of discretionary income should not even necessitate person to go all in with their discretionary income. There is a very big risk when person invest with all their discretionary income . Because apart fom. Investing, there are also other reason like why discretionary income is used when investing. When start your ongoing investment, person can use a start small in the way they are comfortable so that they can ongoingly invest, learn and also be consistent with it, without affecting the other part of the person life.

And along the way,.as person figure things out and grow up their understanding, they can then begin to increase their investments money up to a more higher amount .

As far as you are not investing with the money meant to solve your essential things, even if your discretionary income is $1 million and you are okay to go all in with it and accumulate Bitcoin it is very much okay to do that since it is the money you do not care to lose, and there is no risk when people invest with all their discretionary income, it is when people invest with what they cannot afford to lose or when they do not save various back up funds, like emergency fund and reserve fund than there will be a big risk to invest in Bitcoin as these funds is what will sustain their Bitcoin investment.

I disagree with you, maybe there is a small minority that can invest in bitcoin will all of their discretionary income and not be affected but it but compared to the rest of us their numbers are insignificant, majority of bitcoin investor can sustain 100% investment of their discretionary income in bitcoin regardless of whether they have their backup win place or not, having their backup funds already set up might increase how long they can try to go all in but it won't carry them for too long, eventually you will have to spend on something else that's discretionary, you can't ignore your discretionary spendings forever.

If you invest all of your discretionary funds, you are using up all of your discretionary funds. Or maybe you are gambling with that money in the hope that the price of BTC will increase before you need it for your expenses. This strategy is dangerous for those who invest up to 100% of their discretionary income in Bitcoin. However, if you have a strong emergency fund or a strong reserve fund, you will have enough capacity to invest at least 100% of your discretionary income in Bitcoin. Because if any additional expenses come up, the reserve fund or emergency fund will act as a backup. Investing less than 100% of your discretionary funds in Bitcoin is more realistic. However, the investor has the power to choose how aggressive he or she wants to be.

[Hardyrobust]

This is just why people should not do more than they can handle, if you are not generating enough discretionary income to buy $100 worth of bitcoin every week then buy at whatever level you can manage, you don't even have to buy every week if you can afford to do so, the point is about starting and making sure to be consistent in your accumulation, as long as the person is buying with their discretionary income when they can, with time their bitcoin holding will grow as well.

Having plenty amount of discretionary income should not even necessitate person to go all in with their discretionary income. There is a very big risk when person invest with all their discretionary income . Because apart fom. Investing, there are also other reason like why discretionary income is used when investing. When start your ongoing investment, person can use a start small in the way they are comfortable so that they can ongoingly invest, learn and also be consistent with it, without affecting the other part of the person life.

And along the way,.as person figure things out and grow up their understanding, they can then begin to increase their investments money up to a more higher amount .

As far as you are not investing with the money meant to solve your essential things, even if your discretionary income is $1 million and you are okay to go all in with it and accumulate Bitcoin it is very much okay to do that since it is the money you do not care to lose, and there is no risk when people invest with all their discretionary income, it is when people invest with what they cannot afford to lose or when they do not save various back up funds, like emergency fund and reserve fund than there will be a big risk to invest in Bitcoin as these funds is what will sustain their Bitcoin investment.

I disagree with you, maybe there is a small minority that can invest in bitcoin will all of their discretionary income and not be affected but it but compared to the rest of us their numbers are insignificant, majority of bitcoin investor can sustain 100% investment of their discretionary income in bitcoin regardless of whether they have their backup win place or not, having their backup funds already set up might increase how long they can try to go all in but it won't carry them for too long, eventually you will have to spend on something else that's discretionary, you can't ignore your discretionary spendings forever.

If you invest all of your discretionary funds, you are using up all of your discretionary funds. Or maybe you are gambling with that money in the hope that the price of BTC will increase before you need it for your expenses. This strategy is dangerous for those who invest up to 100% of their discretionary income in Bitcoin. However, if you have a strong emergency fund or a strong reserve fund, you will have enough capacity to invest at least 100% of your discretionary income in Bitcoin. Because if any additional expenses come up, the reserve fund or emergency fund will act as a backup. Investing less than 100% of your discretionary funds in Bitcoin is more realistic. However, the investor has the power to choose how aggressive he or she wants to be.

It is not sensible for someone to use all their discretionary funds for accumulating bitcoin, this is been over aggressive and it is not good at all especially for long term holding of bitcoin. Sometimes it is not just about buying or accumulating a huge stash of bitcoin but rather to be able to hold it for a long time without selling it. So it will be unwise for an investor to used up all their discretionary funds for buying bitcoin without setting up an emergency funds and even reserve funds. There is need for an investor to always set aside some percentage of there discretionary funds incase of an unexpected expenses that may arise in the future.

[Qhunman]

There is always risk even if you are using discretionary income to invest in bitcoin. Using discretionary income to invest in bitcoin will not in any way make your bitcoin investment to be risk free.

If you said using your discretionary income to invest in bitcoin doesn't make your investments risk free then it clearly mean you don't know what is discretionary income and why we are advised to invest using our discretionary income.
Since it's obvious that you don't know what is discretionary income, I will explain it to you. Discretionary income is your extra money which is remaining after you have cover your basic expenses..So it is the money you can afford to lose because it's not essentials to you anymore. And the reason why you are advice to invest using your discretionary income into bitcoin is because, bitcoin investment is not guaranteed,so that incase your investment didn't work as planned you have nothing to lose. This clearly means investment made using your discretionary income automatically make your bitcoin investment risk free because you are not risking anything to invest.

[Brizi5000]

There is always risk even if you are using discretionary income to invest in bitcoin. Using discretionary income to invest in bitcoin will not in any way make your bitcoin investment to be risk free.

If you said using your discretionary income to invest in bitcoin doesn't make your investments risk free then it clearly mean you don't know what is discretionary income and why we are advised to invest using our discretionary income.
Since it's obvious that you don't know what is discretionary income, I will explain it to you. Discretionary income is your extra money which is remaining after you have cover your basic expenses..So it is the money you can afford to lose because it's not essentials to you anymore. And the reason why you are advice to invest using your discretionary income into bitcoin is because, bitcoin investment is not guaranteed,so that incase your investment didn't work as planned you have nothing to lose. This clearly means investment made using your discretionary income automatically make your bitcoin investment risk free because you are not risking anything to invest.

My friend there’s no risk free investment anywhere, bitcoin is never been a risk free investment weather you’re investing with your discretionary income or not it doesn’t make it a risk free investment. The only reason why you’re advised to invest with a discretionary income is to prevent you not to lose your essential money while investing In bitcoin. It’s preventing you not to lose it all and not because it makes it risk free. The only thing you can do is to mitigate or reduce the impact of the risk associated with bitcoin volatility so you don’t get to feel the impact of the loss too much and to do that you will have to adopt the DCA strategy of investing in bitcoin. Just look at it in this aspect, even if you invest with a discretionary income all through and instead of bitcoin price to rise, it keep falling more and more and at that moment even that your discretionary income you used in buying bitcoin is at risk of loss.

[Merit.s]

There is always risk even if you are using discretionary income to invest in bitcoin. Using discretionary income to invest in bitcoin will not in any way make your bitcoin investment to be risk free.

If you said using your discretionary income to invest in bitcoin doesn't make your investments risk free then it clearly mean you don't know what is discretionary income and why we are advised to invest using our discretionary income.
Since it's obvious that you don't know what is discretionary income, I will explain it to you. Discretionary income is your extra money which is remaining after you have cover your basic expenses..So it is the money you can afford to lose because it's not essentials to you anymore. And the reason why you are advice to invest using your discretionary income into bitcoin is because, bitcoin investment is not guaranteed,so that incase your investment didn't work as planned you have nothing to lose. This clearly means investment made using your discretionary income automatically make your bitcoin investment risk free because you are not risking anything to invest.

You are making sense in your explanation but that doesn't mean that bitcoin is risk free because you're investing with your discretionary income. Any investment that can lead to losses isn't risk free. Nobody knows what will happen to bitcoin tomorrow even though, we hope for the best to happen for us so that, it doesn't end up that we have been wasting our time all these years accumulating bitcoin. We hope the price will continue to pump overtime based on history.

Using your discretionary income to invest doesn't mean that you're not risking anything because you are depriving yourself from using the money for consumption and sacrifice it into buying bitcoin for your future. Your discretionary income is small but when it has piled up to a significant amount, that is when you will know that you wouldn't want to lose just like that. Your discretionary income doesn't affect your financial well-being which is the reason why you're advised to use it to invest in bitcoin because it's a long term asset. Bitcoin is volatile in nature and that alone is a risk.

[samadam007]

It is not sensible for someone to use all their discretionary funds for accumulating bitcoin, this is been over aggressive and it is not good at all especially for long term holding of bitcoin. Sometimes it is not just about buying or accumulating a huge stash of bitcoin but rather to be able to hold it for a long time without selling it. So it will be unwise for an investor to used up all their discretionary funds for buying bitcoin without setting up an emergency funds and even reserve funds. There is need for an investor to always set aside some percentage of there discretionary funds incase of an unexpected expenses that may arise in the future.

Since discretionary income is money left after necessary expenses; what an individual decides to do with that money depends on his financial situation.
You cannot just say that putting all of it in Bitcoin is “over aggressive” or “not good at all”, nahhh… Someone with stable/multiple income, low expenses and enough savings may find it comfortable putting large part of their discretionary income into Bitcoin, while someone with little savings and an unstable income may need to put much less into it.

The issue is not whether a person uses 20%, 50% or 100% of there discretionary income, the question is if they’re investing money they can afford to leave invested for many years. And if using that money means they will struggle when unexpected expenses comes, then they are probably investing too aggressively for their situation. Another thing is that, someone that’s already built a reasonable emergency funds does not necessarily need to keep putting in the same percentage of their discretionary income into it forever