Reasons to use only Discretionary Income for Bitcoin investment.

[tabas]

When you are using only your discretionary income to invest in Bitcoin it means you are investing with peace of mind. Even if Bitcoin falls, your life, bills, and responsibilities stay safe and intact, so use only your Discretionary income for Bitcoin investment or accumulation.

I've seen investors who have that YOLO mentality, everything that they have invested on Bitcoin. In our perspective, there is nothing wrong with that ,as we're all Bitcoin enthusiasts. But on his personal view, he has to know if that will be a good positioning and without having to think of any financial trouble if something happens to them. That's why investing with your discretionary income or spare money, makes you move from both worlds of Bitcoin and real life to be responsible without having problematic of bills and any other obligations that you might stumble upon with.

[TypoTonic]

1. Bitcoin is Highly Volatile: you need to understand that Bitcoin is highly volatile in nature meaning it is not constant in it's price the price changes every minute meaning it rises and falls frequently

I've seen investors who have that YOLO mentality, everything that they have invested on Bitcoin.

Because of this volatility, some people are trying to go for a high-risk, high-reward strategy and goes all in when investing in Bitcoin thinking that they would make money quick. But in reality, if you don't have the right knowledge and experience, it usually ends up in them losing their money instead. Just as the saying goes: "Do not put all of your eggs in one basket". It's important to diversify your assets in order to minimize risk and potentially provide more consistent returns in the long run.

2. Protects You from Emotional Stress: If your important and essential funds are tied up in Bitcoin you will be panicking at every dip that happens in Bitcoin which will cause you emotional stress or even lead to shock that can end your life

Some people also become victims of FOMO and think that they are missing out on the opportunity which lead them to making terrible financial decisions. I found that the most common suggestion by other members is to do your own research (DYOR) first, and don't invest what you can't afford to lose.

[Sonia_123]

Using discretionary income supports the DCA strategy, which gives investors the opportunity to invest on daily or monthly bases, rather than waiting to lump sum, it also gives that investor reason of not timing the market and avoid the risk of single cost price. DCA helps an investor to systematically purchases a fixed amount of an asset, at regular intervals regardless of price. You accumulate your bitcoin portfolio little by little no matter the price and how volatile the market might be over time irrespective of fear, which makes it still the best, it promotes long term investment aspect and reduce the possibility of short term period . The value of bitcoin appreciates over time when you hold onto your investment for long term of 3 to 4 cycles which will lead to a significant amount because of its increase in value and scarcity

[Hridyansh Labs]

Investing with your discretionary income allows you to pile up more bitcoin for yourself overtime and hodli till your desired time.

Suppose we can invest the extra income we earn from overtime in Bitcoin assets for the future, instead of just enjoying it for the immediate pleasure. In that case, it will turn into significant savings for us later. We will get good results over time if we invest a little bit regularly. Enjoyment is possible, but building future security is much more critical.

[Porfirii]

When you are using only your discretionary income to invest in Bitcoin it means you are investing with peace of mind. Even if Bitcoin falls, your life, bills, and responsibilities stay safe and intact, so use only your Discretionary income for Bitcoin investment or accumulation.

I've seen investors who have that YOLO mentality, everything that they have invested on Bitcoin. In our perspective, there is nothing wrong with that ,as we're all Bitcoin enthusiasts. But on his personal view, he has to know if that will be a good positioning and without having to think of any financial trouble if something happens to them. That's why investing with your discretionary income or spare money, makes you move from both worlds of Bitcoin and real life to be responsible without having problematic of bills and any other obligations that you might stumble upon with.

We all know cases of people who sold their house for Bitcoin and lived in a tent, suffering during the bear market but convinced about their decision, to eventually see the price rise again and become rich. But most of us cannot and shouldn't act that way.

When the price starts to fall, and you invested the money you can't afford to lose, it is unavoidable to start thinking what will happen if the price never goes up again. If you invested your discretionary income, it is still a loss, but you can forget about it as if you'd spent it normally.

[Oshio-man]

1) It will not make you frustrated, when your expectations is not coming from your bitcoin investment because you invest what you can afford to lose in bitcoin investment, those that invest what they can't afford to lose in bitcoin always regret when their expectations is not coming to their prediction.
2)Even though the price is still low, it will not bolder you like the way some holders are eager to make income fast fast when the price is not mature to take huge income, which is the reason to use only discretion income for bitcoin investment, and you will definitely going to achieve what you desire in the future.
3)The price is not constant in the market, you can buy bitcoin in the low price today and see the price decrease more to make you feel some how, but just know that the price of bitcoin is not constant in the market, and it will not going to remain in that low price for ever.

[tech30338]

if you invest extra money, its more likely that you won't touch it for the near future, lots of people invest money then after a week or a month they withdraw it since they needed money, that is not a good idea, investing money that you will think more often, should not be invested, because, you will lose money that way, but if you use those extra money there is a good chance of a profit, in the future.

[EL MOHA]

Discretionary income is not even money that you can afford to lose. In my estimation, it is money that is waiting to be spent on something that is not yet. Known. It is not even emergency funds. But I see the role it plays as a means for managing risks because you already know that if you use it to invest I'm Bitcoin you may lose it or not. Therefore your mind is already made up on either of the outcomes. And if you like, you can even use this discretionary income for your DCA for Bitcoin.

Yes discretionary income is not an amount you can afford to lose it is usually the money left for savings and spending after taking care of the essential needs. So I kind off agree that the idea or narrative for investing into bitcoin should be change to investing your discretionary income rather than investing what you can afford to lose. Instead of investing or spending on other less important things you can simply just have them on bitcoin which has proven to actually be a good asset and store of value

if you invest extra money, its more likely that you won't touch it for the near future, lots of people invest money then after a week or a month they withdraw it since they needed money, that is not a good idea, investing money that you will think more often, should not be invested, because, you will lose money that way, but if you use those extra money there is a good chance of a profit, in the future.

That money then shouldn’t be regarded as discretionary income because it is something you need, discretionary income is after even taking out emergency funds too plus all necessities are covered. It is very bad to even invest into bitcoin with an amount you can even be in need in less than a year, sometimes I recommend a time frame of 4 years the limited time you can be able to hold that money

[Don Pedro Dinero]

if you invest extra money, its more likely that you won't touch it for the near future, lots of people invest money then after a week or a month they withdraw it since they needed money, that is not a good idea, investing money that you will think more often, should not be invested, because, you will lose money that way, but if you use those extra money there is a good chance of a profit, in the future.

Many people 'invest' money with the same knowledge and expectations as they would go to a casino, meaning that they are not really investing, they are gambling. The basic rules for investing are clear: do it with money that you do not need in the short or medium term, have knowledge about what you are investing in, and have an emergency fund before anything else. Following that, we can talk about investing; anything else is gambling.

[Awaklara]

When you are using only your discretionary income to invest in Bitcoin it means you are investing with peace of mind. Even if Bitcoin falls, your life, bills, and responsibilities stay safe and intact, so use only your Discretionary income for Bitcoin investment or accumulation.

I am sure there are beginners who buy Bitcoin for savings, not investment. So in practice, there must be beginners who understand buying Bitcoin as they would when saving fiat in a bank. They will use it when they need extra money.
I am sure that the purchase of Bitcoin is not made with a plan to hold for a certain period of time. As long as they don't need money, they can keep holding Bitcoin, but when they need money, they will sell it. The situation can be bad when they need money and the price of Bitcoin has dropped.
Although Bitcoin has hedging capabilities, still, when intending to invest in Bitcoin, we must have knowledge first.

[tabas]

I've seen investors who have that YOLO mentality, everything that they have invested on Bitcoin.

Because of this volatility, some people are trying to go for a high-risk, high-reward strategy and goes all in when investing in Bitcoin thinking that they would make money quick. But in reality, if you don't have the right knowledge and experience, it usually ends up in them losing their money instead. Just as the saying goes: "Do not put all of your eggs in one basket". It's important to diversify your assets in order to minimize risk and potentially provide more consistent returns in the long run.

It is the truth with investing in Bitcoin, it doesn't grow quickly unless you've got a year, just like for someone who entered the market last year prior to the halving and then held up to this point. So, a year is quite long already for them but that is essential to be done to have at least a year in the market to see how profitable it is investing in BTC.

I've seen investors who have that YOLO mentality, everything that they have invested on Bitcoin. In our perspective, there is nothing wrong with that ,as we're all Bitcoin enthusiasts. But on his personal view, he has to know if that will be a good positioning and without having to think of any financial trouble if something happens to them. That's why investing with your discretionary income or spare money, makes you move from both worlds of Bitcoin and real life to be responsible without having problematic of bills and any other obligations that you might stumble upon with.

We all know cases of people who sold their house for Bitcoin and lived in a tent, suffering during the bear market but convinced about their decision, to eventually see the price rise again and become rich. But most of us cannot and shouldn't act that way.

When the price starts to fall, and you invested the money you can't afford to lose, it is unavoidable to start thinking what will happen if the price never goes up again. If you invested your discretionary income, it is still a loss, but you can forget about it as if you'd spent it normally.

Those are the real people that have full trust and faith to Bitcoin. And yes, we can't do the same risk that they did and if they're in a great profit now, they deserve it because they have invested on it with full capacity and risk. Having it said buying with that kind of income and the bear market comes, you'd be in losses but that shouldn't stop there because the market will recover still no matter what happens.

[Merit.s]

It is the early days of bitcoin that we should be very much cautious about the advice of investing what you can lose into bitcoin. We can take such advice seriously for shits but for bitcoin, invest the amount you want to use for investment. If you have $10k and you want to invest $3k, invest it, even if you can't to lose it.
Your money is not going to loselt in bitcoin and we all know about it. So, what is the essence of investing only what you are able to lose?

If $3k isn't your discretionary income and you invest it into bitcoin, you will end up selling it when the need for that money arises. You don't invest with any amount of money into bitcoin without proper calculation to know if that money is your extra cash that you can do without in the long run.

Bitcoin investment is not guaranteed to be profitable in future and that's the main reason why you should invest with your discretionary income. It's called the amount of money that you can afford to lose because whatever you use the money for, it wouldn't affect you financially.

[Rockstarguy]

Your discretionary income is that extra money that you don't have plans for after you must have taken care you your basic needs and monthly expenses. Some people use their extra money to gamble, club, drink, womanize and many more but it's wise for you not to use this funds for consumption purpose. Rather, invest it into bitcoin and save the value of your funds for the future.

Investing with your discretionary income allows you to pile up more bitcoin for yourself overtime and hodli till your desired time.

That's the truth. If people can spend their discretionary income on things that have no value and are not important, then it would be better to invest it in Bitcoin, which is valuable and will yield good profits in the future.

If there is nothing to do with the discretionary income, there is no need to save it in fiat, which will lose value over time, but Bitcoin is a better option. So, I think it is a good idea for those who know nothing about what to do with discretionary income.

[YIz]

Your discretionary income is that extra money that you don't have plans for after you must have taken care you your basic needs and monthly expenses. Some people use their extra money to gamble, club, drink, womanize and many more but it's wise for you not to use this funds for consumption purpose. Rather, invest it into bitcoin and save the value of your funds for the future.

Investing with your discretionary income allows you to pile up more bitcoin for yourself overtime and hodli till your desired time.

That's the truth. If people can spend their discretionary income on things that have no value and are not important, then it would be better to invest it in Bitcoin, which is valuable and will yield good profits in the future.

If there is nothing to do with the discretionary income, there is no need to save it in fiat, which will lose value over time, but Bitcoin is a better option. So, I think it is a good idea for those who know nothing about what to do with discretionary income.

Bitcoin for sure is like a better long-term bet than holding fiat that’s guaranteed to lose value. But for most, it’s not an easy mental shift, especially in the bull run like now.

[tvplus006]

Some newbies won't understand why they say use only your Discretionary income to invest in Bitcoin ...

If no one pays for your housing, food, services, and the like, then you simply won't be able to spend more money than you have left after paying for the above. But this applies only to responsible people, not those who first open a deal with x50 leverage, and then think about where to get the money to pay for housing.

[Joy- maker]

Normally as a newbie who is just getting started with bitcoin you must panic at first stage which is normal, but The truth is when you accumulate bitcoin with your leftover money (discretionary income) you will feel more relaxed and there will be less panic in your bitcoin investment journey as a newbie,  so newbies should take note of this for smooth running of their bitcoin investment and to avoid selling of their bitcoin investment at early stage of accumulation. Just as we all know bitcoin is a volatile asset  it can fluctuate dramatically, so when you accumulate it with the money you are comfortable  losing it will help you more to hold your bitcoin investment for longer term, let's say 4 to 10 years or more to enable you make reasonable profit in return.

[Catenaccio]

Normally as a newbie who is just getting started with bitcoin you must panic at first stage which is normal, but The truth is when you accumulate bitcoin with your leftover money (discretionary income) you will feel more relaxed and there will be less panic in your bitcoin investment journey as a newbie,  so newbies should take note of this for smooth running of their bitcoin investment and to avoid selling of their bitcoin investment at early stage of accumulation. Just as we all know bitcoin is a volatile asset  it can fluctuate dramatically, so when you accumulate it with the money you are comfortable  losing it will help you more to hold your bitcoin investment for longer term, let's say 4 to 10 years or more to enable you make reasonable profit in return.

You can use your fund for investment and it's hard to control your emotion if you don't have proper research, learning and knowledge about Bitcoin from technical fundamentals to its market history. With whatever kind of investment capital, even you said it is from discretionary income, your emotion can be uncertain and you will be easily panic if you lack of knowledge and experience in this market.

Newbies need to learn first before investing, then they need a lot of time for experience in the market in order to become non-affected by market volatility as well as FUD attacks in the market over time.

[POPOLUV]

The ideas of using a discretionary income for Bitcoin investments is very essential to all investors because with the uses of discretionary income in Bitcoin investments will allow you to patient enough with your in building up your Bitcoin portfolio but a situation were by you used the money that are you to use for the payment of bills for Bitcoin investments you will that such person can never be patient enough in building up his Bitcoin portfolio than monitoring the market price just to sell in short term with knowing that he is wasting money in the short term, so it is preferable to be using discretionary income to invest to avoid ending up gambling.

[pawanjain]

I would say the first and foremost thing we need to invest in bitcoin is belief.
If we don't believe in bitcoin then we might not get the massive gains we foresee.
Only if trust and believe in bitcoin, we will be able to hold it with dedication for a long term thus gaining massive returns.

[sunsilk]

Bitcoin for sure is like a better long-term bet than holding fiat that’s guaranteed to lose value. But for most, it’s not an easy mental shift, especially in the bull run like now.

Mental and emotional, these two are factors of how to cope with the current bull run. While those who have stacked up as early as last year are able to enjoy this bull run.

And those who have took risk whether from discretionary income or with the actual that they have, they'll just choose whenever they're going to sell.

But the thing of those enthusiastic holders, there is no selling at this point if they decided to bet for the longer term and maybe for the next bull runs to come.