Balancing Financial security and Bitcoin Accumulation

[Saltysugar99]

The money for lump sum can even come from cashing in a previous different investment, what's fundamental there is that the money isn't split for different buys like the DCA or waiting for a particular price before buying like buying the DIP (which I will always stand on my ground that it is a mistake to wait for the dip before buying).
I don't think there is anything wrong with using any of the three bitcoin investment strategies, for me it's all about application, if you have the money available then you can lump sum (not ideal for a newbie who's just starting out), if a DIP happens then you can also decide to buy more for less, there is absolutely nothing wrong with buying the DIP, stopping to buy bitcoin completely with the hope of waiting for a DIP to happen first before buying is what's wrong, rather than waiting you can just invest using the DCA.

I agree with you as you mentioned  lump sum, DCA and buying the dip as three separate bitcoin accumulation methods. If a newbie has lump sum capital already available and his expenses are covered  and has strong back up fund . then its is reasonable him to buy bitcoin with lump sum method. And here he have to ensure also that he can stay stay away from that amount for years without using it. Only then there is no logical reason for him to  stay away from lump sum just because he is a newbie. Even a newbie should have others  buying options like   DCA and buying on dip that may or may not come . I am against making dip buying as main accumulation plan. If you stop regular buying and save cash just waiting for lower prices, then you are moving from regular accumulation to price  prediction. And DCA free you from market prediction. You can buy as much ongoing as your regular cashflow . In this way some part of the dip is naturally you can buy as average price.  but your entire strategy will not depend on the existence of the dip buying . DCA is popular because it can be easily fit to any  income and expenses.  and the buying amount can be adjusted according to circumstances. The goal is to accumulate bitcoin but the strategy should be based on your own cashflow and financial capacity not on market predictions.

[SDS11]

The money for lump sum can even come from cashing in a previous different investment, what's fundamental there is that the money isn't split for different buys like the DCA or waiting for a particular price before buying like buying the DIP (which I will always stand on my ground that it is a mistake to wait for the dip before buying).
I don't think there is anything wrong with using any of the three bitcoin investment strategies, for me it's all about application, if you have the money available then you can lump sum (not ideal for a newbie who's just starting out), if a DIP happens then you can also decide to buy more for less, there is absolutely nothing wrong with buying the DIP, stopping to buy bitcoin completely with the hope of waiting for a DIP to happen first before buying is what's wrong, rather than waiting you can just invest using the DCA.

I disagree with you, if a money coming from other investment is not what someone can actually afford to lose then it will be wrong to use such money to lump or buy with any method of bitcoin accumulation because that is pure gambling, which means that you will be prone to panicking or even think of selling when the market dip below the price you lump sum at so i do not subscribe to this idea. any money should come from one's discretionary otherwise it is not good for bitcoin investment since long term is the goal. i believe strongly that those people we call big whales do not lump sum at all time high rather they will be dcaing gradually till price gets to a discount price that is when they will be aggressive.

[samadam007]

The money for lump sum can even come from cashing in a previous different investment, what's fundamental there is that the money isn't split for different buys like the DCA or waiting for a particular price before buying like buying the DIP (which I will always stand on my ground that it is a mistake to wait for the dip before buying).
I don't think there is anything wrong with using any of the three bitcoin investment strategies, for me it's all about application, if you have the money available then you can lump sum (not ideal for a newbie who's just starting out), if a DIP happens then you can also decide to buy more for less, there is absolutely nothing wrong with buying the DIP, stopping to buy bitcoin completely with the hope of waiting for a DIP to happen first before buying is what's wrong, rather than waiting you can just invest using the DCA.

I disagree with you, if a money coming from other investment is not what someone can actually afford to lose then it will be wrong to use such money to lump or buy with any method of bitcoin accumulation because that is pure gambling, which means that you will be prone to panicking or even think of selling when the market dip below the price you lump sum at so i do not subscribe to this idea. any money should come from one's discretionary otherwise it is not good for bitcoin investment since long term is the goal. i believe strongly that those people we call big whales do not lump sum at all time high rather they will be dcaing gradually till price gets to a discount price that is when they will be aggressive.

When @ZerovinsonN said money for lump sum can come from cashing a previous investment, it doesn’t mean one should use money meant for needs and emergency and put it in Bitcoin. Of course If someone has another investment and decides to sell part of it and move that money into Bitcoin, it’s their choice… as long as they’ve considered the risk and their overall financial situation then good.

I prefer DCA above every other accumulation strategy. But it’s not about which strategy someone choose to use, but how to apply it. If you have money available and understand the risk, you can lump sum or if your income comes in regularly, DCA can help you invest consistently. And maybe along the line investing, you have some spare cash and an opportunity to buy dip present itself, you can as well take advantage of it to buy more. What I am against is stopping your ongoing accumulation to wait for dip.

[Saltysugar99]

The money for lump sum can even come from cashing in a previous different investment, what's fundamental there is that the money isn't split for different buys like the DCA or waiting for a particular price before buying like buying the DIP (which I will always stand on my ground that it is a mistake to wait for the dip before buying).
I don't think there is anything wrong with using any of the three bitcoin investment strategies, for me it's all about application, if you have the money available then you can lump sum (not ideal for a newbie who's just starting out), if a DIP happens then you can also decide to buy more for less, there is absolutely nothing wrong with buying the DIP, stopping to buy bitcoin completely with the hope of waiting for a DIP to happen first before buying is what's wrong, rather than waiting you can just invest using the DCA.

I disagree with you, if a money coming from other investment is not what someone can actually afford to lose then it will be wrong to use such money to lump or buy with any method of bitcoin accumulation because that is pure gambling, which means that you will be prone to panicking or even think of selling when the market dip below the price you lump sum at so i do not subscribe to this idea. any money should come from one's discretionary otherwise it is not good for bitcoin investment since long term is the goal. i believe strongly that those people we call big whales do not lump sum at all time high rather they will be dcaing gradually till price gets to a discount price that is when they will be aggressive.

When @ZerovinsonN said money for lump sum can come from cashing a previous investment, it doesn’t mean one should use money meant for needs and emergency and put it in Bitcoin. Of course If someone has another investment and decides to sell part of it and move that money into Bitcoin, it’s their choice… as long as they’ve considered the risk and their overall financial situation then good.

I prefer DCA above every other accumulation strategy. But it’s not about which strategy someone choose to use, but how to apply it. If you have money available and understand the risk, you can lump sum or if your income comes in regularly, DCA can help you invest consistently. And maybe along the line investing, you have some spare cash and an opportunity to buy dip present itself, you can as well take advantage of it to buy more. What I am against is stopping your ongoing accumulation to wait for dip.

I myself think that Bitcoin accumulation in the DCA strategy is more preferable. The DCA method is a suitable Bitcoin investment way for everyone. Investing in the DCA strategy reduces the investor's mental stress considerably. Investing in Bitcoin with a long-term mindset with discretionary income reduces the risk and protects against selling Bitcoin at the wrong time if you create along with back up fund too.  And investing in Bitcoin regularly creates a habit that helps you continue investing in Bitcoin in the long term. Investing in the DCA method is about building a sustainable system that provides financial security in the long term and increases the possibility of profit. Investing by following the lump sum method creates mental stress. If the price of Bitcoin falls significantly, then you are forced to make decisions in panic selling. So overall it is more convenient to invest in Bitcoin by following the DCA method. I've been doing DCA for a few months now and I'm quite comfortable with it.

[abaeze]

The money for lump sum can even come from cashing in a previous different investment, what's fundamental there is that the money isn't split for different buys like the DCA or waiting for a particular price before buying like buying the DIP (which I will always stand on my ground that it is a mistake to wait for the dip before buying).
I don't think there is anything wrong with using any of the three bitcoin investment strategies, for me it's all about application, if you have the money available then you can lump sum (not ideal for a newbie who's just starting out), if a DIP happens then you can also decide to buy more for less, there is absolutely nothing wrong with buying the DIP, stopping to buy bitcoin completely with the hope of waiting for a DIP to happen first before buying is what's wrong, rather than waiting you can just invest using the DCA.

I disagree with you, if a money coming from other investment is not what someone can actually afford to lose then it will be wrong to use such money to lump or buy with any method of bitcoin accumulation because that is pure gambling, which means that you will be prone to panicking or even think of selling when the market dip below the price you lump sum at so i do not subscribe to this idea. any money should come from one's discretionary otherwise it is not good for bitcoin investment since long term is the goal. i believe strongly that those people we call big whales do not lump sum at all time high rather they will be dcaing gradually till price gets to a discount price that is when they will be aggressive.

@ZeroVinsonN, I think the main issue is not whether the money is available or not but whether the money is truly discretionary. If that money is needed later, then after making a lump sum in Bitcoin, there may be pressure to sell if the market falls. Then the decision is not right for long-term investment. However, I agree with you that waiting indefinitely for DIP may also be wrong, because no one knows when DIP will come. So the most logical thing is to keep some reserve for a big correction along with DCA.

However, @SDS11 it is also not right to assume that all whales do DCA and only aggressively buy at discount prices. Different investors' strategies may be different. Because their capabilities and the situation of ordinary investors are not the same.

[Qhunman]

I myself think that Bitcoin accumulation in the DCA strategy is more preferable. The DCA method is a suitable Bitcoin investment way for everyone. Investing in the DCA strategy reduces the investor's mental stress considerably. Investing in Bitcoin with a long-term mindset with discretionary income reduces the risk and protects against selling Bitcoin at the wrong time if you create along with back up fund too.  And investing in Bitcoin regularly creates a habit that helps you continue investing in Bitcoin in the long term. Investing in the DCA method is about building a sustainable system that provides financial security in the long term and increases the possibility of profit. Investing by following the lump sum method creates mental stress. If the price of Bitcoin falls significantly, then you are forced to make decisions in panic selling. So overall it is more convenient to invest in Bitcoin by following the DCA method. I've been doing DCA for a few months now and I'm quite comfortable with it.

Exactly,DCA strategy is the more preferable and that's because of it's flexibility as you can invest with your discretionary income that is available regardless of whether the market is dipping or increasing. DCA eliminate the need to time the market since you can just invest when you have your discretionary income available regardless of what the price is at that moment,that's the uniqueness of the DCA from other strategies because its convenient,less stressful and eliminate market timing.

However, i agree with what samadam007 said earlier that the strategy doesn't matter as long as you aren't waiting for dip to buy bitcoin,if you preferred the DCA or lump sum that's okay but what is more important is that you are accumulating and not waiting.

[Brizi5000]

@ZeroVinsonN, I think the main issue is not whether the money is available or not but whether the money is truly discretionary. If that money is needed later, then after making a lump sum in Bitcoin, there may be pressure to sell if the market falls. Then the decision is not right for long-term investment. However, I agree with you that waiting indefinitely for DIP may also be wrong, because no one knows when DIP will come. So the most logical thing is to keep some reserve for a big correction along with DCA.

However, @SDS11 it is also not right to assume that all whales do DCA and only aggressively buy at discount prices. Different investors' strategies may be different. Because their capabilities and the situation of ordinary investors are not the same.

Keeping reserves funds for a market correction like waiting for a dip which may not happen can go a long way to underperform a disciplined strategy of regular bitcoin accumulation and the mindset of staying fully invested. If an investor sets his long term goal of investing for a long term to reach an accumulation target, it  will only be wise for the investor to focus on consistently using his discretionary income to accumulate bitcoin regularly to reach his accumulation target before thinking of holding back funds idle and waiting for dip they aren’t still sure of when it will happen.

[Futurexxx]

. However, I agree with you that waiting indefinitely for DIP may also be wrong, because no one knows when DIP will come. So the most logical thing is to keep some reserve for a big correction along with DCA.

Putting down a reserve funds that may be used to service your Bitcoin investment later in the future is not a bad idea, but it becomes a problem if you now see it as a funds kept for dip buying, because greed or trying to play smart can compel you to keep a large portion of your discretionary income that you should be using to buy consistently, to keep as a reserve funds, just because you want to buy a dip that may not even come. And I think by doing that, you have systematically shifted to be more committed to dip buying, like waiting for the dip, than your regular dca accumulating strategy. So putting down reserve funds is not a bad thing, but dip buying should not be it main purpose, if not you might get carried away and switch more to waiting for a dip that may not come forth instead of continuing your regular dca accumulation.

[I_Anime]

The money for lump sum can even come from cashing in a previous different investment, what's fundamental there is that the money isn't split for different buys like the DCA or waiting for a particular price before buying like buying the DIP (which I will always stand on my ground that it is a mistake to wait for the dip before buying).
I don't think there is anything wrong with using any of the three bitcoin investment strategies, for me it's all about application, if you have the money available then you can lump sum (not ideal for a newbie who's just starting out), if a DIP happens then you can also decide to buy more for less, there is absolutely nothing wrong with buying the DIP, stopping to buy bitcoin completely with the hope of waiting for a DIP to happen first before buying is what's wrong, rather than waiting you can just invest using the DCA.

I disagree with you, if a money coming from other investment is not what someone can actually afford to lose then it will be wrong to use such money to lump or buy with any method of bitcoin accumulation because that is pure gambling, which means that you will be prone to panicking or even think of selling when the market dip below the price you lump sum at so i do not subscribe to this idea. any money should come from one's discretionary otherwise it is not good for bitcoin investment since long term is the goal. i believe strongly that those people we call big whales do not lump sum at all time high rather they will be dcaing gradually till price gets to a discount price that is when they will be aggressive.

I guess zerovinsonN meant one can buy lumpsum with profit gotten from other investment . I’m sure that most of us here bitcoin is not our only investment, there are several form of investment. You can invest on yourself and you can also own asset . For instance if you have like multiple lands and you want to start Bitcoin investment due to the fact you know that you have some land to spare , you can decide to sell off one from that land and use the money as a form of dca . Or you can scrape profits from other investments to start your bitcoin investment using lumpsum which is still possible too .

[Tonimez]

[Edited out]

I guess zerovinsonN meant one can buy lumpsum with profit gotten from other investment . I’m sure that most of us here bitcoin is not our only investment, there are several form of investment. You can invest on yourself and you can also own asset . For instance if you have like multiple lands and you want to start Bitcoin investment due to the fact you know that you have some land to spare , you can decide to sell off one from that land and use the money as a form of dca . Or you can scrape profits from other investments to start your bitcoin investment using lumpsum which is still possible too .

You seem to be complicating things the more. If you sell a land for DCA, does that mean that each DCA day, you will sell one land? You seem not to understand that DCA strategy is an investor friendly strategy that tends to lift the burden of financial stress from every investor while allowing him to invest in bitcoin continuously. It makes use of discretionary income which is money you can afford to loose, that's what you need for your bitcoin investment.

If you sell your land to DCA, my question is; Can you afford to loose such amount of money gotten from selling your land? Will you always sell one land to DCA during each DCA days? Hell no!

The DCA strategy is a flexible strategy set within the ambient of someone's discretionary income from his basic income and if you are not a greedy person who wants to buy out of FOMO due to low price or expected possible pump, then you won't push to buy bitcoin beyond your financial capacity. Bitcoin should be carefully invested in to achieve success by avoiding anything that could cause panic to you during your HODLing period.

[I_Anime]

[Edited out]

I guess zerovinsonN meant one can buy lumpsum with profit gotten from other investment . I’m sure that most of us here bitcoin is not our only investment, there are several form of investment. You can invest on yourself and you can also own asset . For instance if you have like multiple lands and you want to start Bitcoin investment due to the fact you know that you have some land to spare , you can decide to sell off one from that land and use the money as a form of dca . Or you can scrape profits from other investments to start your bitcoin investment using lumpsum which is still possible too .

You seem to be complicating things the more. If you sell a land for DCA, does that mean that each DCA day, you will sell one land? You seem not to understand that DCA strategy is an investor friendly strategy that tends to lift the burden of financial stress from every investor while allowing him to invest in bitcoin continuously. It makes use of discretionary income which is money you can afford to loose, that's what you need for your bitcoin investment.

If you sell your land to DCA, my question is; Can you afford to loose such amount of money gotten from selling your land? Will you always sell one land to DCA during each DCA days? Hell no!

The DCA strategy is a flexible strategy set within the ambient of someone's discretionary income from his basic income and if you are not a greedy person who wants to buy out of FOMO due to low price or expected possible pump, then you won't push to buy bitcoin beyond your financial capacity. Bitcoin should be carefully invested in to achieve success by avoiding anything that could cause panic to you during your HODLing period.

My bad it was a mistake from my end , I actually wanted to say lumpsum . With alignment with what ZeroVinsonN was trying to pass on earlier about taken from other investments for lumpsum buying . I think you are the one actually trying to make it looks complicated. Because you can also sell one land and still use that money for dca buying , without much stress. You don’t have to start selling of all your lands for dca ( that would be crazy ). For instance you sold one land for $5k you can literally breaker it down for monthly or weekly purchases. One good thing about starting with lumpsum method , it will give you a good head start in your Bitcoin accumulation.

[Nwaswago]

[Edited out]

I guess zerovinsonN meant one can buy lumpsum with profit gotten from other investment . I’m sure that most of us here bitcoin is not our only investment, there are several form of investment. You can invest on yourself and you can also own asset . For instance if you have like multiple lands and you want to start Bitcoin investment due to the fact you know that you have some land to spare , you can decide to sell off one from that land and use the money as a form of dca . Or you can scrape profits from other investments to start your bitcoin investment using lumpsum which is still possible too .

You seem to be complicating things the more. If you sell a land for DCA, does that mean that each DCA day, you will sell one land? You seem not to understand that DCA strategy is an investor friendly strategy that tends to lift the burden of financial stress from every investor while allowing him to invest in bitcoin continuously. It makes use of discretionary income which is money you can afford to loose, that's what you need for your bitcoin investment.

If you sell your land to DCA, my question is; Can you afford to loose such amount of money gotten from selling your land? Will you always sell one land to DCA during each DCA days? Hell no!

The DCA strategy is a flexible strategy set within the ambient of someone's discretionary income from his basic income and if you are not a greedy person who wants to buy out of FOMO due to low price or expected possible pump, then you won't push to buy bitcoin beyond your financial capacity. Bitcoin should be carefully invested in to achieve success by avoiding anything that could cause panic to you during your HODLing period.

I think the real point of DCA is being missed here. DCA doesn't mean converting valuable assets into Bitcoin on a schedule, it means investing a predetermined amount from money that becomes available for investment, usually from regular income or surplus cash. Selling land or another major asset to fund a DCA plan is a different decision altogether. If someone already has a lump sum from selling an asset, they should first decide whether that capital is genuinely available for investment and whether the risks fit their situation. They can then choose to invest it at once or spread the entries over time.

[Nasdel4]

OP you've really impacted a lot with this topic. Many of us usually find it difficult allocating our income especially the ones that have habits and hobbies which sometimes costs a lot, even more that we expect most times.
Note that this plan only works better for disciplined individuals who are dedicated to making drastic changes to their financial situation because if you're not disciplined then you can't achieve this. Another aspect is the amount of income you earn! If you don't earn enough to even have savings for emergency funds, what can a person do in this situation?  I'll like more opinions and I'll gladly look forward to that.

[JayJuanGee]

[Edited out]

I think the real point of DCA is being missed here. DCA doesn't mean converting valuable assets into Bitcoin on a schedule, it means investing a predetermined amount from money that becomes available for investment, usually from regular income or surplus cash.

DCA does not need to be a particular (predetermined) amount or a particular (predetermined) time.

DCA allows guys to buy bitcoin in accordance with their income whenever money comes available.

Selling land or another major asset to fund a DCA plan is a different decision altogether.

If someone sells land or some other major asset, then they have a lump sum amount of discretionary funds that they can choose to use for 1) buying BTC right away, 2) DCA and/or 3) buy on dips that might not happen.

They can choose, so I am not sure why you believe DCA is completely different, since DCA is one (or maybe even two, if we count buying right away as DCA) of the possible ways to buy with the money that came available from sale of the asset/land.

If someone already has a lump sum from selling an asset, they should first decide whether that capital is genuinely available for investment and whether the risks fit their situation. They can then choose to invest it at once or spread the entries over time.

ok.  you do seem to understand the concept.  If a sale is made, some of the funds come available right away and other funds are used to pay expenses.  Whatever funds that come available would be discretionary funds.  However, of course, if the person has other basic expenses, those other expenses might need to be resolved before being able to determine how much money is remaining as discretionary funds... .Yes, and once the discretionary funds are figured out they can be used to 1) invest right away,  2) delay by time (DCA) and/or 3) delay by price (buy on dips that might not end up happening).

[PhilosopherKing]

DCA does not need to be a particular (predetermined) amount or a particular (predetermined) time.

DCA allows guys to buy bitcoin in accordance with their income whenever money comes available.

Yeah that's true about DCa. That is what makes it one of the best strategy if not the best strategy for any kind of investor. The world is uncertain, no one has a clue to what tomorrow will bring.

Things changes, life happens. Today, one can have a job paying him lot of bucks and the next day that person can get demoted and get a big cut in their pay. Notwithstanding when one ongoingly DCa, one shouldn't have a problem with this because he can just adjust the amount he is using so that it will fit the income he is getting. DCa just make it easier for person to sustain their ongoing investmen instead of making investment turn into a burden, I cannot say the same for the other strategy .

[Crakryptvest]

There is more downside than upside when using different strategies at once. Using multiple strategies, not two but three and more, might actually sound like an investor is outsmarting the market, but the more strategies combined together, the harder it becomes for him to clearly understand what he is actually doing. Having to use multiple strategies is not a flex. Investment is not a competition of who knows best and who can handle multiple strategies,

From my perspective, having too many strategies creates more trade-offs and can make making some decisions more difficult during market sentiment. I'm not the type of investor who wants to have many trade-offs in the process of my investment.

Why should any investor consider using multiple strategies to invest in Bitcoin simultaneously according to you, wouldn't that be confusing to the investor, people just like to complicate things for themselves.
Talking from what I know, I don't see it as a wise idea for any investor to try that, why multiple strategy when the DCA strategy can do the job and perhaps one can lump sum when he gets the funds as he journey through his Bitcoin acumulation, any investor that is aiming for a long-term hodling will not try anything that will jeopardize his investment, from  the day I understand how effective the DCA strategy is, I have not had any reason to think otherwise.

[Loyang]

OP you've really impacted a lot with this topic. Many of us usually find it difficult allocating our income especially the ones that have habits and hobbies which sometimes costs a lot, even more that we expect most times.
Note that this plan only works better for disciplined individuals who are dedicated to making drastic changes to their financial situation because if you're not disciplined then you can't achieve this. Another aspect is the amount of income you earn! If you don't earn enough to even have savings for emergency funds, what can a person do in this situation?  I'll like more opinions and I'll gladly look forward to that.

At this stage, it is most important for a person to focus on their safety first. First, he can create some emergency fund and after creating emergency fund, he can invest. Because if he does not have any amount left after investing to create emergency fund then he will not be able to create emergency fund and during emergency situation he may have to sell his holdings and face loss. So it would be wise to increase the amount of emergency fund first and then start investing.

However, if a person's discretionary income is $20, he can also start investing and create emergency fund along with it. He can invest with $10 and with the remaining money he can keep for emergency fund and for extra expenses. For example, $5 for emergency fund and $5 for extra expenses

[Finebone]

OP you've really impacted a lot with this topic. Many of us usually find it difficult allocating our income especially the ones that have habits and hobbies which sometimes costs a lot, even more that we expect most times.
Note that this plan only works better for disciplined individuals who are dedicated to making drastic changes to their financial situation because if you're not disciplined then you can't achieve this. Another aspect is the amount of income you earn! If you don't earn enough to even have savings for emergency funds, what can a person do in this situation?  

Talking about the bold words, I believe that for you to be able to figure out your discretionary income, then you can make provisions for emergency and reserve funds from there, no matter how small it is. But if you cannot figure out your discretionary income base on the fact that your income is too small, what you should do is to look for an additional source of discretionary income, so that you can have a discretionary income left to invest with, and also put down a backup funds from there, that will protect your investment from any emergency situation.

[Uhwuchukwu53]

Investment is one strategic thing many don't know it take a lion heart of an investor to engage on such , problem of many today is not centered on income but issues, problem and challenges keep multiplying when there some sources of income , secondly the high level of comfort human seek, change towards their income make then not meeting up to identify what their discretionary income would have been towards their investment, I would show some practical instance where an income earners believe to enjoy their labour before investment who have the ability or capacity to render discretionary income worthless or useless where it can't serve the purpose
All stated plan work effective if the person is ready to take the risk and denial itself of certain pleasure and focus on what aid to yeild more fruit on its investment.

[samadam007]

Investment is one strategic thing many don't know it take a lion heart of an investor to engage on such , problem of many today is not centered on income but issues, problem and challenges keep multiplying when there some sources of income , secondly the high level of comfort human seek, change towards their income make then not meeting up to identify what their discretionary income would have been towards their investment, I would show some practical instance where an income earners believe to enjoy their labour before investment who have the ability or capacity to render discretionary income worthless or useless where it can't serve the purpose
All stated plan work effective if the person is ready to take the risk and denial itself of certain pleasure and focus on what aid to yeild more fruit on its investment.

If someone is unable to figure out discretionary income to invest from, because of too many expenses. It still depends on him to manage his cashflow well and look for ways to create it. Since you mentioned his cashflow is good, but the more income; the more responsibilities. He can cut down unecessary expenses, then create room for a reasonable discretionary income.After he has identified it, he can divide it into three parts… one part to buy bitcoin, another to build back up funds and third for discretionary consumption.

Of course you don’t have to sacrifice or deny yourself personal enjoyment and “comfort” because you’re accumulating bitcoin. That’s what the discretionary consumption is for. You just have to keep it in check so you don’t go beyond your monthly or weekly budget.