Balancing Financial security and Bitcoin Accumulation

[cxtreenal]

[edited out]

Of course it's possible. It is not a difficult investment for a poor investor. At this stage, he has to be steadfast in his determination because it is challenging to be consistent in investing. Many high income investors stacking away Bitcoins in large amounts but they are often lazy to maintain consistency. I do not know if this is just a result of their financial capacity. The poor will mostly be motivated for Bitcoin because they do not have as much wealth as the rich. Even if a investor stacking away Bitcoins in the amount of $10 per week, that investor will be able to replace his income during his retirement or when they have no income source. When he loses his source of income and reaches old age. He can emerge as one of the rich investors. It will be a truly impressive when I will not be able to earn, my body will be wrinkled and my children will be busy with their careers and families. Small Bitcoin fractions will stacking and become a large stack. Retirement time can be spent well when the elderly are neglected by their children. We should make sincere efforts to maintain Bitcoin stacking during the earning period.

If a person is able to figure out a way to invest 10% of his income, then after 10-ish years, he would have had invested a whole year of his income.. so there are no guarantees.. but there surely are ways that the more a person is able to stack away, then the more impact it could have, relative to his own later options.  Sure the hard part might not be putting money away, even though it can be hard to keep it going consistently through the years and also challenges to not tap into it..... and yeah of course, the higher the discretionary income, then the more extra cushion that a person has to not stress himself in regards to the ongoing amount put in and and also potentially not feeling that he is depriving himself by putting so much of his income into bitcoin rather than spending it. 

That's right. With a higher discretionary amount, the amount of Bitcoin accumulation can also be increased. If a poor investor has a low discretionary income, he can continue to invest within his means, but the advantage is that he can allocate any amount of money for Bitcoin without any pressure. If a person decides to allocate a percentage of his income for Bitcoin, it may create financial pressure for him. Considering the percentage of discretionary income, in real terms he can be at a comfortable level in terms of financial security as well as create a better position in terms of long term Bitcoin accumulation. When analysis the potential of Bitcoin compared to Fiat, Bitcoin is much ahead. There is no guarantee of making a profit but there is also no possibility of losing full money, so investors should continue to accumulate and increase Bitcoin holdings with concentration. Because even if fiat is necessary it is most wise to convert additional funds into Bitcoin.

[Hardyrobust]

It may seem difficult for you that poor folks cannot hold Bitcoin for 5-10 years, but if poor folks can figure out to invest in Bitcoin with discretionary income and they use a little percentage of their discretionary income to invest in Bitcoin, they can hold their Bitcoin for a long time like 5-10 years, and it will not hinder them from taking care of their day-to-day expenses. Even rich folks should also plan their Bitcoin investment in such a way that if they are buying Bitcoin, it will not affect them from solving their expenses because if they are reckless with their Bitcoin investment and it stops them from taking care of their expenses, they will not hold their Bitcoin for a long time.

As much as the rich can be able to hold bitcoin for long so also can the poor hold bitcoin for long . Some of the whales we are seeing now, some of are actually from poor background but they were able to hold bitcoin for a long term. The only thing is that the rich will have a great hedge over the poor in terms of holding bitcoin for a long term since there discretionary income can't be compared to that of the poor aside that the possibility of the rich folks having back up funds is there unlike most poor people that barely have back up funds holding bitcoin for long term will be difficult for them.

[JayJuanGee]

If a person is able to figure out a way to invest 10% of his income, then after 10-ish years, he would have had invested a whole year of his income.. so there are no guarantees.. but there surely are ways that the more a person is able to stack away, then the more impact it could have, relative to his own later options.  Sure the hard part might not be putting money away, even though it can be hard to keep it going consistently through the years and also challenges to not tap into it..... and yeah of course, the higher the discretionary income, then the more extra cushion that a person has to not stress himself in regards to the ongoing amount put in and and also potentially not feeling that he is depriving himself by putting so much of his income into bitcoin rather than spending it.  

That's right. With a higher discretionary amount, the amount of Bitcoin accumulation can also be increased. If a poor investor has a low discretionary income, he can continue to invest within his means, but the advantage is that he can allocate any amount of money for Bitcoin without any pressure. If a person decides to allocate a percentage of his income for Bitcoin, it may create financial pressure for him. Considering the percentage of discretionary income, in real terms he can be at a comfortable level in terms of financial security as well as create a better position in terms of long term Bitcoin accumulation. When analysis the potential of Bitcoin compared to Fiat, Bitcoin is much ahead. There is no guarantee of making a profit but there is also no possibility of losing full money, so investors should continue to accumulate and increase Bitcoin holdings with concentration. Because even if fiat is necessary it is most wise to convert additional funds into Bitcoin.

My reason for describing the putting of 10% of the income into bitcoin is to show that it will take 10 years to get to 1 year of income invested into bitcoin, and so a person can attempt to measure his own progress and/or to attempt to be realistic about such progress.  Sometimes guys will describe unrealistic goals based on their level of contribution, and if a person is not even able to get to 10% then it is likely going to take him longer to build up to an amount that reasonably could rise to meaningful levels of appreciation.

Of course, the presumption is that guys are investing from within their discretionary income and they are figuring out amounts that can be comfortable for them - and they can figure out how much they want to push themselves to earn more and/or to cut expenses and/or to figure out if changes can be and/or should be made or if he might choose to stay within his current income/expense levels. Some guys might not have very many choices in regards to changes that they might be able to make within reason.

It may seem difficult for you that poor folks cannot hold Bitcoin for 5-10 years, but if poor folks can figure out to invest in Bitcoin with discretionary income and they use a little percentage of their discretionary income to invest in Bitcoin, they can hold their Bitcoin for a long time like 5-10 years, and it will not hinder them from taking care of their day-to-day expenses. Even rich folks should also plan their Bitcoin investment in such a way that if they are buying Bitcoin, it will not affect them from solving their expenses because if they are reckless with their Bitcoin investment and it stops them from taking care of their expenses, they will not hold their Bitcoin for a long time.

As much as the rich can be able to hold bitcoin for long so also can the poor hold bitcoin for long . Some of the whales we are seeing now, some of are actually from poor background but they were able to hold bitcoin for a long term. The only thing is that the rich will have a great hedge over the poor in terms of holding bitcoin for a long term since there discretionary income can't be compared to that of the poor aside that the possibility of the rich folks having back up funds is there unlike most poor people that barely have back up funds holding bitcoin for long term will be difficult for them.

Surely poor people have to work harder to put their systems in place, to keep their systems and to carry them out for the long term, and if a person is young and poor, then there are plenty of years to build and allow the compounding value to play out, and the older a person is, then he does not have the luxury of letting time play out in his favor.. The older a person is, then the sooner is the time that he is going to need to transition from accumulation and into some form of sustainable withdrawal and if he has less value to work with, then his sustainable withdrawal amounts will end up being a lot less than he would have had wished for them to be.

[GIF-JOBS]

It may seem difficult for you that poor folks cannot hold Bitcoin for 5-10 years, but if poor folks can figure out to invest in Bitcoin with discretionary income and they use a little percentage of their discretionary income to invest in Bitcoin, they can hold their Bitcoin for a long time like 5-10 years, and it will not hinder them from taking care of their day-to-day expenses. Even rich folks should also plan their Bitcoin investment in such a way that if they are buying Bitcoin, it will not affect them from solving their expenses because if they are reckless with their Bitcoin investment and it stops them from taking care of their expenses, they will not hold their Bitcoin for a long time.

As much as the rich can be able to hold bitcoin for long so also can the poor hold bitcoin for long . Some of the whales we are seeing now, some of are actually from poor background but they were able to hold bitcoin for a long term. The only thing is that the rich will have a great hedge over the poor in terms of holding bitcoin for a long term since there discretionary income can't be compared to that of the poor aside that the possibility of the rich folks having back up funds is there unlike most poor people that barely have back up funds holding bitcoin for long term will be difficult for them.

Anyone can basically hold Bitcoin for the long term, it is not a matter of being rich or poor, but if you have the right financial management and long-term mindset, it is possible to hold it for the long term. Many people cannot hold Bitcoin despite having money, because they do not have the mindset to hold it, while many people can hold Bitcoin despite having a small income, the importance of mindset is very high here, financial stability is definitely necessary, but it is not possible without willpower.

[Promocodeudo]

Is $10 not enough to start and if it can, don't wait, then buy right way. But if you consider it too small and want to top up the amount from when next your discretionary income is available, your investment would be delayed which is a reason you should invest right away. Don't over look your little start,even that little discretionary income when invested consistently over the long term will pay off. Stay committed and consistent and your bitcoin investments will grow over time.

Serious minds by with as low as $1, I keep saying this what we need is consistency and the ability to buy more once our discreationary income increases, every Bitcoiner should have a starting point, we don't just have to wait until we have millions or billions before we can start nah nah nah that's not a good idea, we have to push start, if you're are a determined investor that has structured your investment plan, starting with little will never be a problem for you, there no law that states that we shouldn't invest with the little we have at hand, DCA method came in plat for a reason, just as I know and i have said here also, consistency is what all Bitcoin investors needs to grow through portfolio, you buy with $1 today, you can buy with $1 tomorrow, what we all need as investors is to continue to upgrade our income to enable us increase our DCA but not to wait to have a particular amount of money or wait for the dip to buy, these are idea that doesn't go down well with me.

[Sim_card]

much as the rich can be able to hold bitcoin for long so also can the poor hold bitcoin for long . Some of the whales we are seeing now, some of are actually from poor background but they were able to hold bitcoin for a long term. The only thing is that the rich will have a great hedge over the poor in terms of holding bitcoin for a long term since there discretionary income can't be compared to that of the poor aside that the possibility of the rich folks having back up funds is there unlike most poor people that barely have back up funds holding bitcoin for long term will be difficult for them.

Low income shouldn't be the barrier that will stop you from investing into bitcoin. A low income eaner can still have a discretionary income. You only need discretionary income to start your bitcoin investment irrespective of the size of your income.

Starting with as low as $10 is something, and it will go far if you are DCAing consistent and persistent for 4-10 years and above. You will be surprised at the size of bitcoin you have accumulated overtime. This is why bitcoin investment is open to all both the rich and the poor. You don't have any option than to accumulate based on the size of your discretionary income without overdoing it.

Looking for a second means of income is the best thing to do when you have started your bitcoin investment with the little discretionary income you have. So that you can have a bigger discretionary income and increase your DCA amount.

You can set up various back up funds from your small discretionary income as a poor investor, especially emergency funds that is very important to backup your bitcoin investment

[Bigjoe33]

There are many people who think that in Bitcoin, the income is low but they may not know that,
With a Small income, A person can become something good one day, No one can say, suddenly he has become the owner of a lot of wealth. If someone gradually develops the habit of saving. If we see that those who have been holding BTC Since Before have become the owners of a lot of Wealth!

Though bitcoin investment offers no assurance or guarantee that by this time, date, week, month or year(s), you will become rich and make enough gains from your investment, but despite this unceetainty in the price movement of Bitcoin, either downwards or upwards, by history and records, Bitcoin is known for an upward movement, a potential increase in price, creating a new ATH price, and at such, a store of value. Perhaps, with the irregularities, investors are keen on accumulating Bitcoin due to its value. All we need is our discretionary income, consistency, determination, income management and Time. Do you plan to Hodl for long(Time)? Time is one major thing, as rushing in and out due to market swings will not profit you something really tangible, as the value of Bitcoin in the nest years night be double of what you had when you sold hurriedly(though no assurance) So we need time, you have all the time, so buy and Hodl

[JayJuanGee]

much as the rich can be able to hold bitcoin for long so also can the poor hold bitcoin for long . Some of the whales we are seeing now, some of are actually from poor background but they were able to hold bitcoin for a long term. The only thing is that the rich will have a great hedge over the poor in terms of holding bitcoin for a long term since there discretionary income can't be compared to that of the poor aside that the possibility of the rich folks having back up funds is there unlike most poor people that barely have back up funds holding bitcoin for long term will be difficult for them.

Low income shouldn't be the barrier that will stop you from investing into bitcoin. A low income eaner can still have a discretionary income. You only need discretionary income to start your bitcoin investment irrespective of the size of your income.

Starting with as low as $10 is something, and it will go far if you are DCAing consistent and persistent for 4-10 years and above. You will be surprised at the size of bitcoin you have accumulated overtime. This is why bitcoin investment is open to all both the rich and the poor. You don't have any option than to accumulate based on the size of your discretionary income without overdoing it.

Looking for a second means of income is the best thing to do when you have started your bitcoin investment with the little discretionary income you have. So that you can have a bigger discretionary income and increase your DCA amount.

You can set up various back up funds from your small discretionary income as a poor investor, especially emergency funds that is very important to backup your bitcoin investment

Yep.. poor people should not be deterred from starting to invest in bitcoin as long as they have discretionary funds, yet surely there are some instances with poor people where the income is so low that it might be difficult to know for sure if there are discretionary funds.. and there also may be difficulties figuring out ways to increase discretionary income by increasing income and/or decreasing expenses.

I think that many of us prefer to not discourage poor folks from investing in bitcoin, yet surely there are situations in which it might not be clear if even $10 per week can be spared.. or maybe saving up $5 per week and then investing $10 at the end of the month or maybe irregularly figuring out varoius times to add to the bitcoin investment when the amount of cash available seems sufficient to add another buy... so even a person investing irregularly for 10 years and beyond, might still be able to gain enough to put himself into a better position by having had invested in bitcoin rather than not.. yet surely these are individual choices, and it can be quite difficult when it is difficult to determine if discretionary funds are actually available.

By the way, many guys here (and some other forum threads) quibble to the extent that stable income is enough to invest in bitcoin, and surely many of us likely realize that having some kind of stable income is way better than not having a stable income, yet sometimes even folks with a stable income might not be receiving enough of an income to really get to a high enough level to establish discretionary funds to be available.. .. so having a stable income is good.. but sometimes it still might not be enough to figure out a stable and consistent way to buy bitcoin...

[Pjcr7]

There are many people who think that in Bitcoin, the income is low but they may not know that,
With a Small income, A person can become something good one day, No one can say, suddenly he has become the owner of a lot of wealth. If someone gradually develops the habit of saving. If we see that those who have been holding BTC Since Before have become the owners of a lot of Wealth!

Though bitcoin investment offers no assurance or guarantee that by this time, date, week, month or year(s), you will become rich and make enough gains from your investment, but despite this unceetainty in the price movement of Bitcoin, either downwards or upwards, by history and records, Bitcoin is known for an upward movement, a potential increase in price, creating a new ATH price, and at such, a store of value. Perhaps, with the irregularities, investors are keen on accumulating Bitcoin due to its value. All we need is our discretionary income, consistency, determination, income management and Time. Do you plan to Hodl for long(Time)? Time is one major thing, as rushing in and out due to market swings will not profit you something really tangible, as the value of Bitcoin in the nest years night be double of what you had when you sold hurriedly(though no assurance) So we need time, you have all the time, so buy and Hodl

Good and at the long run it always favours it holders especially the long term holders of BTC. Sometimes I imagined myself if I had known certain little things that I know now, at least back around 2017 I would have had some BTC in my wallet and left it there. By now I know it would have increased in value since BTC is a store of value and with the discretionary income technique that I have come to know about, I would have simply been adding to it. But the good thing is, it isn't late to start now that's my only consolation.

[Joeboy]

Yep.. poor people should not be deterred from starting to invest in bitcoin as long as they have discretionary funds, yet surely there are some instances with poor people where the income is so low that it might be difficult to know for sure if there are discretionary funds.. and there also may be difficulties figuring out ways to increase discretionary income by increasing income and/or decreasing expenses.

I think that many of us prefer to not discourage poor folks from investing in bitcoin, yet surely there are situations in which it might not be clear if even $10 per week can be spared.. or maybe saving up $5 per week and then investing $10 at the end of the month or maybe irregularly figuring out varoius times to add to the bitcoin investment when the amount of cash available seems sufficient to add another buy... so even a person investing irregularly for 10 years and beyond, might still be able to gain enough to put himself into a better position by having had invested in bitcoin rather than not.. yet surely these are individual choices, and it can be quite difficult when it is difficult to determine if discretionary funds are actually available.

Bitcoin investment of course not only limited to the rich, the poor can also invest. But then it may be very difficult sometimes for these poor folks to figure out what truly is their spare money. This is coz what may seem like their extra cash  today may very well turn out to be needed for something tomorrow.That is why anytime when the poor folks are faced with such a dilemma/situation, the best approach is for them  to avoid forcing a fixed investment schedule on themselves, this is coz doing otherwise may force them into unnecessary pressures.....Better still they can adopt a more flexible approach of saving some small amount of money and then buying as little as they can even though the buys may be inconsistent at first. But overtime they can try to increase their income level by getting into some side jobs and cutting down unnecessary expenses, that may very well work.

[Silikiem]

It may seem difficult for you that poor folks cannot hold Bitcoin for 5-10 years, but if poor folks can figure out to invest in Bitcoin with discretionary income and they use a little percentage of their discretionary income to invest in Bitcoin, they can hold their Bitcoin for a long time like 5-10 years, and it will not hinder them from taking care of their day-to-day expenses. Even rich folks should also plan their Bitcoin investment in such a way that if they are buying Bitcoin, it will not affect them from solving their expenses because if they are reckless with their Bitcoin investment and it stops them from taking care of their expenses, they will not hold their Bitcoin for a long time.

As much as the rich can be able to hold bitcoin for long so also can the poor hold bitcoin for long . Some of the whales we are seeing now, some of are actually from poor background but they were able to hold bitcoin for a long term. The only thing is that the rich will have a great hedge over the poor in terms of holding bitcoin for a long term since there discretionary income can't be compared to that of the poor aside that the possibility of the rich folks having back up funds is there unlike most poor people that barely have back up funds holding bitcoin for long term will be difficult for them.

Weather rich or poor, any one of them can hold bitcoin for long. It is only those who are not investing with their discretionary income that I think won’t be able to hold bitcoin for long. If as an investor, you already sorted out your other major financial obligations and the remaining money left with you is what you’re using to always buy bitcoin, and from there also you’re keeping some money for your emergency funds, I don’t see any reason why such person won’t be able to hold bitcoin because this discretionary income you’re always using to accumulate bitcoin and hold is more or less a cash you’re not needing anytime soon. Weather rich or poor, if you have the right financial management skills you’ll be able make important financial decisions regarding your income to always buy bitcoin within your discretionary income or financial means,  where by enabling you to buy and hold bitcoin for the long term goal.

[Bigjoe33]

yet sometimes even folks with a stable income might not be receiving enough of an income to really get to a high enough level to establish discretionary funds to be available.. .. so having a stable income is good.. but sometimes it still might not be enough to figure out a stable and consistent way to buy bitcoin...

Yea, that's it JJG. You know, some folks who might be opportuned for a stable income might many times fail to figure out there discretionary owing to the fact that sometimes they fail to outline there needs or scale there needs in order of importance. Some folks just spend there income at will without an outline to guide them in the spending. Throwing money here and there, impulse buying and/or extravagant lifestyle etc, and offcourse, such reckless spending will deprive them the ability to figure out what there discretionary is, and or what amount or quota of my discretionary is going in for BTC investment. By this, they miss accumulation and sue to there inability to manage there funds properly and allocation income rightly. Though folks can spend there income as they will and/or based on there priority, but a real investor and a serious minded folk who knows the value of Bitcoin would at least include BTC accumulation as part of his priorities, and this for sure will make them manage there income properly and/or carry out a proper income allocation so that they can figure out there discretionary and invest with it Consistently

[Abelly]

Bitcoin investment of course not only limited to the rich, the poor can also invest. But then it may be very difficult sometimes for these poor folks to figure out what truly is their spare money. This is coz what may seem like their extra cash  today may very well turn out to be needed for something tomorrow.That is why anytime when the poor folks are faced with such a dilemma/situation, the best approach is for them  to avoid forcing a fixed investment schedule on themselves, this is coz doing otherwise may force them into unnecessary pressures.....Better still they can adopt a more flexible approach of saving some small amount of money and then buying as little as they can even though the buys may be inconsistent at first. But overtime they can try to increase their income level by getting into some side jobs and cutting down unnecessary expenses, that may very well work.

In this situation, the most reasonable approach is to save little by little, Buy according to your needs, Even if the purchases are inconsistent at first, and reduce unnecessary Expenses over time. Finding Small sources of side Income, and trying to gradually increase your income level, this method can prove Effective. However the key to Bitcoin Investment is Consistency And realistic planning,,Do not go Beyond your Means, but Keep up with the Realities of life!

[Umulala-alala]

Yep.. poor people should not be deterred from starting to invest in bitcoin as long as they have discretionary funds, yet surely there are some instances with poor people where the income is so low that it might be difficult to know for sure if there are discretionary funds.. and there also may be difficulties figuring out ways to increase discretionary income by increasing income and/or decreasing expenses.

I think that many of us prefer to not discourage poor folks from investing in bitcoin, yet surely there are situations in which it might not be clear if even $10 per week can be spared.. or maybe saving up $5 per week and then investing $10 at the end of the month or maybe irregularly figuring out varoius times to add to the bitcoin investment when the amount of cash available seems sufficient to add another buy... so even a person investing irregularly for 10 years and beyond, might still be able to gain enough to put himself into a better position by having had invested in bitcoin rather than not.. yet surely these are individual choices, and it can be quite difficult when it is difficult to determine if discretionary funds are actually available.

By the way, many guys here (and some other forum threads) quibble to the extent that stable income is enough to invest in bitcoin, and surely many of us likely realize that having some kind of stable income is way better than not having a stable income, yet sometimes even folks with a stable income might not be receiving enough of an income to really get to a high enough level to establish discretionary funds to be available.. .. so having a stable income is good.. but sometimes it still might not be enough to figure out a stable and consistent way to buy bitcoin...

There are folks who might have a stable income but can't be able to figure out if they have discretionary funds or not, you might have a stable income and don't have a discretionary income due to the level of your responsibility, what matters most here is having a left over fund after getting all necessary needs ready.

The poor can invest if they have a discretionary income no matter how little it may be if it's coming every month you can also be buying monthly it must not be weekly but when you have your leftover income, it is a wise idea to get started than not starting don't wait to have enough or a stable income.

[Yorubek]

Bitcoin investment of course not only limited to the rich, the poor can also invest. But then it may be very difficult sometimes for these poor folks to figure out what truly is their spare money. This is coz what may seem like their extra cash  today may very well turn out to be needed for something tomorrow.That is why anytime when the poor folks are faced with such a dilemma/situation, the best approach is for them  to avoid forcing a fixed investment schedule on themselves, this is coz doing otherwise may force them into unnecessary pressures.....Better still they can adopt a more flexible approach of saving some small amount of money and then buying as little as they can even though the buys may be inconsistent at first. But overtime they can try to increase their income level by getting into some side jobs and cutting down unnecessary expenses, that may very well work.

In this situation, the most reasonable approach is to save little by little, Buy according to your needs, Even if the purchases are inconsistent at first, and reduce unnecessary Expenses over time. Finding Small sources of side Income, and trying to gradually increase your income level, this method can prove Effective. However the key to Bitcoin Investment is Consistency And realistic planning,,Do not go Beyond your Means, but Keep up with the Realities of life!

When a person consistently buy Bitcoin, no matter how small it is, by consistently buying small amounts of Bitcoin and holding it for the long term, a poor investor can reach his destination. To hold Bitcoin for a long time, we need to use discretionary money and keep an emergency fund for three months to properly manage future unknown dangers and long-term investments. The price of Bitcoin fluctuates rapidly, so the market situation can deteriorate at any time, so we should hold Bitcoin with confidence without getting discouraged. When an investor follows the right rules, consistently buy Bitcoin with discretionary money and holds it for the long term, success can be expected.

[Cossyblack]

Yep.. poor people should not be deterred from starting to invest in bitcoin as long as they have discretionary funds, yet surely there are some instances with poor people where the income is so low that it might be difficult to know for sure if there are discretionary funds.. and there also may be difficulties figuring out ways to increase discretionary income by increasing income and/or decreasing expenses.

I think that many of us prefer to not discourage poor folks from investing in bitcoin, yet surely there are situations in which it might not be clear if even $10 per week can be spared.. or maybe saving up $5 per week and then investing $10 at the end of the month or maybe irregularly figuring out varoius times to add to the bitcoin investment when the amount of cash available seems sufficient to add another buy... so even a person investing irregularly for 10 years and beyond, might still be able to gain enough to put himself into a better position by having had invested in bitcoin rather than not.. yet surely these are individual choices, and it can be quite difficult when it is difficult to determine if discretionary funds are actually available.

By the way, many guys here (and some other forum threads) quibble to the extent that stable income is enough to invest in bitcoin, and surely many of us likely realize that having some kind of stable income is way better than not having a stable income, yet sometimes even folks with a stable income might not be receiving enough of an income to really get to a high enough level to establish discretionary funds to be available.. .. so having a stable income is good.. but sometimes it still might not be enough to figure out a stable and consistent way to buy bitcoin...

There are folks who might have a stable income but can't be able to figure out if they have discretionary funds or not, you might have a stable income and don't have a discretionary income due to the level of your responsibility, what matters most here is having a left over fund after getting all necessary needs ready.

The poor can invest if they have a discretionary income no matter how little it may be if it's coming every month you can also be buying monthly it must not be weekly but when you have your leftover income, it is a wise idea to get started than not starting don't wait to have enough or a stable income.

You are right, the poor can as well invest in bitcoin as long as discretionary income is available. Whether they can invest weekly or monthly, there should only be doing so using discretionary income. It will require more than discretionary income for the poor to accumulate large stash of bitcoin,it will require consistency, dedication, commitment and long term Hodl. With the size of his discretionary income, and considering his low discretionary income, it will take him an average of period of 10years or more to reach a high level of accumulation,hence the poor should be consistent and dedicated when accumulating bitcoin.

[Agbam]

.  Being self reliant forces you to separate things properly, like emergency funds on one side, your daily expenses on another, and then whatever is left, your actual discretionary income is what you can comfortably invest with…

You don't need to seperate emergency funds from your income by sharing your income into three parts. You only need your discretionary income to invest into bitcoin and still build an emergency funds from your discretionary income. Your income should be used to take care of your basic needs and monthly expense, the left over is what you use to invest in bitcoin and build your backup funds. You can share your discretionary income into two parts in the beginning of your bitcoin investment.

You use one part to invest in bitcoin and use the other part of your discretionary income to build your emergency funds to at least three months of your monthly expenses.

His post was about having more clarity and discipline when you’re self reliant as regards to your income. For a fact you have to separate your funds when you know how important it is to survive and what will happen if you mismanage any money.

Separation of money all come from how you understand your finances and expenses. Yes Discretionary money is the money left behind after settling basic expenses and with it you can invest, build your backups and enjoy life(flexing) but some person can decide to build in their emergency funds into basic expenses, that is while they’re making their budget there’s a plan for emergency they don’t have to wait to sort discretionary before making plans for emergency.

[cxtreenal]

If a person is able to figure out a way to invest 10% of his income, then after 10-ish years, he would have had invested a whole year of his income.. so there are no guarantees.. but there surely are ways that the more a person is able to stack away, then the more impact it could have, relative to his own later options.  Sure the hard part might not be putting money away, even though it can be hard to keep it going consistently through the years and also challenges to not tap into it..... and yeah of course, the higher the discretionary income, then the more extra cushion that a person has to not stress himself in regards to the ongoing amount put in and and also potentially not feeling that he is depriving himself by putting so much of his income into bitcoin rather than spending it.  

That's right. With a higher discretionary amount, the amount of Bitcoin accumulation can also be increased. If a poor investor has a low discretionary income, he can continue to invest within his means, but the advantage is that he can allocate any amount of money for Bitcoin without any pressure. If a person decides to allocate a percentage of his income for Bitcoin, it may create financial pressure for him. Considering the percentage of discretionary income, in real terms he can be at a comfortable level in terms of financial security as well as create a better position in terms of long term Bitcoin accumulation. When analysis the potential of Bitcoin compared to Fiat, Bitcoin is much ahead. There is no guarantee of making a profit but there is also no possibility of losing full money, so investors should continue to accumulate and increase Bitcoin holdings with concentration. Because even if fiat is necessary it is most wise to convert additional funds into Bitcoin.

My reason for describing the putting of 10% of the income into bitcoin is to show that it will take 10 years to get to 1 year of income invested into bitcoin, and so a person can attempt to measure his own progress and/or to attempt to be realistic about such progress.  Sometimes guys will describe unrealistic goals based on their level of contribution, and if a person is not even able to get to 10% then it is likely going to take him longer to build up to an amount that reasonably could rise to meaningful levels of appreciation.

Of course, the presumption is that guys are investing from within their discretionary income and they are figuring out amounts that can be comfortable for them - and they can figure out how much they want to push themselves to earn more and/or to cut expenses and/or to figure out if changes can be and/or should be made or if he might choose to stay within his current income/expense levels. Some guys might not have very many choices in regards to changes that they might be able to make within reason.

I understand what you are saying about investing 10% of your income in Bitcoin. It can certainly be part of a planned investment but it can be a financial burden for those investors who are not financially capable but I am not confused about investing this amount. It will not be easy for the poor to implement this plan, it is true, but to achieve financial prosperity, they should put pressure on yourself to increase source of income. Gain expertise in one thing through which you can create an additional income stream.

As you have advised, if those investors cannot set a target of 10% investment, they can at least half of it. If they continue to increase the investment percentage by 5% for the next 2 years and in the following years as their income increases, then they can reach the Bitcoin target as you have suggested in 10 years. Managing long term investments is not easy but it is not an impossible task. You should be mentally prepared to increase your discretionary income to a level that is convenient and comfortable for you, so that it may be easier to scale up your Bitcoin holdings to a meaningful and reasonable level.

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You are right, the poor can as well invest in bitcoin as long as discretionary income is available. Whether they can invest weekly or monthly, there should only be doing so using discretionary income. It will require more than discretionary income for the poor to accumulate large stash of bitcoin,it will require consistency, dedication, commitment and long term Hodl. With the size of his discretionary income, and considering his low discretionary income, it will take him an average of period of 10years or more to reach a high level of accumulation,hence the poor should be consistent and dedicated when accumulating bitcoin.

I believe you've heard about Bitcoin being for everyone as long as you can invest with your discretionary income which you've mentioned here also.
Bitcoin is for everyone, Bitcoin is not just limited to some set of powers, rather it is for every body but what differentiate us as investors is the amount we are ready to invest. Is not about being rich, is just about having the mind to invest, the poor can really invest if they are determined, and ready start up with that little they have, and if they reach build up their income, I know that no one prays to remain poor and every person with this kind of mindset can invest in Bitcoin because he knows that as a Bitcoin investor, we need money to invest, it means he needs to push for more source of income when he has started already in other to increase his investment and as so doing, such investor has been able to achieve two things at the same time, which is upgrading his income level, and leveling  up his Bitcoin his portfolio too.

[liasbaa]

Bitcoin investment of course not only limited to the rich, the poor can also invest. But then it may be very difficult sometimes for these poor folks to figure out what truly is their spare money. This is coz what may seem like their extra cash  today may very well turn out to be needed for something tomorrow.That is why anytime when the poor folks are faced with such a dilemma/situation, the best approach is for them  to avoid forcing a fixed investment schedule on themselves, this is coz doing otherwise may force them into unnecessary pressures.....Better still they can adopt a more flexible approach of saving some small amount of money and then buying as little as they can even though the buys may be inconsistent at first. But overtime they can try to increase their income level by getting into some side jobs and cutting down unnecessary expenses, that may very well work.

In this situation, the most reasonable approach is to save little by little, Buy according to your needs, Even if the purchases are inconsistent at first, and reduce unnecessary Expenses over time. Finding Small sources of side Income, and trying to gradually increase your income level, this method can prove Effective. However the key to Bitcoin Investment is Consistency And realistic planning,,Do not go Beyond your Means, but Keep up with the Realities of life!

You are right talking. It is a good strategy to move slowly when investing in Bitcoin if you are a new investor. You will learn more about Bitcoin as you do it. Finding a side income source is a strategy and motivation because you are determined to add another source of income to your ongoing income for Bitcoin.
You mentioned consistency as the key to Bitcoin. I agree with you that consistency is needed as well as having a reliable source of discretionary income. Accumulation Bitcoin to discretionary income means investing within your financial capacity. Accumulation Bitcoin with excess funds after spending for your personal and family.