[edited out]
No @Umulala-alala Don't make discretionary income mandatory for Bitcoin. There are many who don't have discretionary income like a student who is still studying.
You must not know what discretionary funds are.
These guys accumulate Bitcoin with the funds they have. They accumulate Bitcoin by saving money they get from their parents, they don't have discretionary income,
Why the fuck does it matter from where the student got the funds? They are still discretionary funds as long as they are not needed for basic expenses. Maybe you should look up the meaning of the word discretionary so you might learn about the meaning of that word?
they are learning about Bitcoin and buying within their economic capability because they have discretionary funds.
Get the fuck out of here. You are trying to distinguish between discretionary income and discretionary funds, and at the same time, you make the topic more confusing than it needs to be. Are you a troll?
Why the fuck does it matter if we call it discretionary income or discretionary funds? They are pretty much the same thing, except one is static and the other is moving. Discretionary income turns into discretionary funds as long as you do not spend it.
In the future, these guys will be more motivated to accumulate Bitcoin when they enter the job and earn money.
Sure.
Using discretionary income will help you to remain consistent and to avoid making decisions based on emotions.
That will depend on if you have a reliable source of discretionary income. There's no way you can accumulate bitcoin consistently unless you have a reliable source of discretionary income.
Your statement is confusing @Cossyblack because you don't need to a stable source of income to get started buying bitcoin, and even if it is preferable to consistently buy bitcoin, investors do not have to be consistent in their investment into bitcoin, so they can invest whatever they have when they are able to do so.
Sure it is preferable and better to have a stable income, yet it is not necessary to have in order to invest in bitcoin.
Some investors has a source of income but they struggle to figure out their discretionary income to invest. The reason is that they spend too much on unnecessary things. If they can reducing their expenditures on things that they don't actually need, they will be able to figure out their discretionary income and invest in bitcoin. If they allocate those money that they spend on things that they don't need and invest it in bitcoin, I believe it will serves them a greater purpose over time.
You are correct that discretionary income can be increased by decreasing expenses and/or by increasing income, and yeah, there are some guys who are not very organized and/or disciplined with their finances, so those kinds of unorganized/undisciplined guys will have room for improvement and more abilities to invest in bitcoin if they are able to increase their discretionary funds.
[edited out]
Having a reliable source of discretionary income can be a prerequisite for long term investment.
Having a reliable source of discretionary income is not a prerequisite to invest in bitcoin for the long term, such as 4-10 years or longer.
Even though in the future, basic expenses will continue to incur, so there are need to pay basic expenses in order to not have to use the bitcoin.
But the problem here is that your weekly expenses will not remain the same, sometimes the amount of expenses may increase and sometimes it may decrease. In such a situation you need to adopt a consistent policy in fund management by keeping a certain amount where you allocate it for Bitcoin, as well as for keeping an emergency fund and even for personal expenses.
The amount of bitcoin bought each week can vary based on the income and/or expenses, so then, for example, if discretionary funds are high, then more bitcoin can be bought during those times.
Almost everyone will make unnecessary expenses in which case they can use personal funds that are a part of discretionary income. As you learn to understand that Bitcoin will become more valuable in the future and that the value of fiat will decrease due to inflation, you will want to accumulate Bitcoin regularly and build up more Bitcoin holding for the future.
You have strange ways of talking about this. When a guy has discretionary funds, he can use them to invest, save and/or discretionarily spend, and yeah, if he discretionarily spends a lot, then others might consider his discretionary consumption as unnecessary. By the way, discretionary consumption in general is considered unnecessary because it is not part of basic spending, so se can think about discretionary consumption to be to buy wants rather than needs, even though sometimes the categories might seem to overlap, from time to time.
For example, if everyone expects me to go to my sister's birthday party, and there are costs in that, then yeah, I could skip it since I don't "need to go" in order to continue to live. It is not like food or water, yet at the same time, not going to the birthday party would likely negatively affect my relations. Each person has the ability to decide how they want to spend their discretionary funds, and frequently there can be room for cutting, yet other times, there may be needs to try to increase discretionary income rather than cutting.
By the way, investing in bitcoin is a want rather than a need, even though, as you implied, future life (and options in life) may well be much better for those guys who invested in bitcoin in earlier times and also strengthened their cashflow management systems and practices, as compared with those who did not.
On most occasions it's not just about waste or spending on unnecessary things, but it's more of low income that cannot properly take care of all their needs, so if any investor find themselves in such a situation, the best thing they should be doing is to look for an additional source of discretionary income, because without having a discretionary income left after taking proper care of their basic needs, they cannot invest and do it the right way.
If someone is struggling to meet their basic needs to live, then investing in Bitcoin is not mandatory for them, and even investing is not mandatory for anyone. However, for those who want to invest, especially those who are interested in investing in Bitcoin, the biggest obstacle to investing is patience and lack of long-term planning. No matter how poor they are, there are very few people who do not save. So if that saving is small and if it is long-term, then regular income is not required to do that. There are many people who do seasonal business or developer business. Their income is not regular, but if they want to invest patiently and long-term, then it is possible. Many people say that if someone does not have a discretionary income, then long-term investment in Bitcoin is not possible, but I think regular income is not necessary for investment, but desire and money are important. If a beggar wants and has an idea about Bitcoin, then he can also invest. The purpose of any investment is to make life better in the future with that money and use it to fulfill the needs and hobbies/desires of life.
Therefore, there is no need to ruin today's life to make tomorrow's life beautiful, but it is wise to keep today's life intact and invest/save some for the future.
Yes. There is a need for discretionary funds to be able to invest in bitcoin, and then there is likely a need for ongoing discretionary income to be able to both continue to buy bitcoin and to even be able to hold onto bitcoin.
Of course, discretionary funds is the amount that is available after the basic expenses are accounted for, so yeah, basic expenses continue to happen for the 4-10 years or longer that the guy is buying the bitcoin and/or holding the bitcoin, so there is a certain need for ongoing reasonable cashflow management and income to pay expenses to be able to hold the bitcoin for 4-10 years or longer without tapping into it.
No @Umulala-alala Don't make discretionary income mandatory for Bitcoin. There are many who don't have discretionary income like a student who is still studying. These guys accumulate Bitcoin with the funds they have. They accumulate Bitcoin by saving money they get from their parents, they don't have discretionary income, they are learning about Bitcoin and buying within their economic capability because they have discretionary funds. In the future, these guys will be more motivated to accumulate Bitcoin when they enter the job and earn money.
Do not argue blindly because Umulala-alala is right.
For anyone to invest in bitcoin and be successful, he needs to invest only from his discretionary income, so if you are talking about how some students are saving up and investing with it, don't you know that the money they were able to save is a left over money after they have finish sorting out their basic needs?
What's the difference between that money and a discretionary income if I may ask?
Because it seems like you don't really know the true definition of a discretionary income, that's why you are arguing blindly.
You are not getting into unnecessary arguments. You need to understand the difference between discretionary income and discretionary funds. You are advocating as if you are very experienced in Bitcoin, even though you registered on the forum in April this year. Do not consider yourself to be an expert because no one is forced or compelled to accumulate Bitcoin. If you don't like someone's advice, don't tell them they don't know the definition of discretionary income. Know the forum rules and educate yourself.
It is a dumb and largely irrelevant point (like a gotcha question) that you are making to distinguish between discretionary income and discretionary funds.
Why do you believe that there is some important need to understand the difference? You just trying to play gotcha and contribute to confusion? or you are trying to pick some abstract point and proclaim that you know more than everyone else?
