Reasons to use only Discretionary Income for Bitcoin investment.

[tvplus006]

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

But in any case, you should not limit yourself to entertainment, because living with the sole purpose of accumulating more bitcoins is pointless. You have provided a good list of what you can spend your discretionary income on, do not limit yourself, because life is short)

[iBaba]

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.

Remember there are set of  people that invest From thier discretionary income yet they don't have peace of mind, they still panick during the dip. So this is just all about discipline, You can have a discretionary income to invest in but if you're not discipline you can't stay focused as you may be tempted to sell off your holdings some day due to pressure so as a newbie who is about getting started with bitcoin investment you need to be discipline. Discipline i mean in terms of sticking to your decision once you decide never to tempter your bitcoin investment for any reason then you Stick to the decision let your yes be yes not just after making a decision maybe due to pressure you just decided to sell your holdings no, you just need to stay discipline no matter what.

Well. What I know is that using only discretionary income makes your bitcoin investments safer dor you because you do not have to worry about your main responsibilities or survival incomes that could have been put in risk. But the truth is that money alone cannot guarantee you a peace of mind, what truly gives you peeace of mind being it in trading of investments is discipline. When you allow yourself to get panicked at every dip you experience, what seemed like a spare money to you even though it is truly a spare money but it will turn to feel like a burden to you.

My advise to anyone who wants to be big on either investments or trading should always learn to blend between the both. Learn how to invest only what you can afford to lose and at the same time train yourself to be disciplined enough to hold through volatility in markets. If you don't practice the both, you will become easily pressurised from your emotions or when you begin to feel financially strained.

[BitBakerr1]

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.

Remember there are set of  people that invest From thier discretionary income yet they don't have peace of mind, they still panick during the dip. So this is just all about discipline, You can have a discretionary income to invest in but if you're not discipline you can't stay focused as you may be tempted to sell off your holdings some day due to pressure so as a newbie who is about getting started with bitcoin investment you need to be discipline. Discipline i mean in terms of sticking to your decision once you decide never to tempter your bitcoin investment for any reason then you Stick to the decision let your yes be yes not just after making a decision maybe due to pressure you just decided to sell your holdings no, you just need to stay discipline no matter what.

What exactly are you saying, do you mean that if one is using his discretionary income he or she will still panic and if his not using his discretionary income but is determine he or she won't panic, sometimes you people should try to make things very clear to people when writing and stop confusing people.
Using your discretionary income is the best way to stop panic when ever there's a dip in Bitcoin, no matter the level of determination you have in investing in Bitcoin and holding it for a very long time if you don't use your Discretionary income to accumulate you can never hold for long-term, and I think you need to understand the meaning of discretionary income so you won't be mistaken things, discretionary income is the extra money you can choose to spend, save, or invest as you like after paying all your bills so tell me how will you use such a money to invest in Bitcoin and still be panicking when there is a dip knowing fully well it is just for some time and bitcoin will still rise again.

[Marvelockg]

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.

Obviously, every investor both new and old can only effectively invest well in bitcoin if they invest with their discretionary income which allows them to remain invested while still sorting out every other aspect of their finance. especially in a time when uncertainty abounds, if you go all into bitcoin investment without doing proper budgeting, you are going to go all in and still come all out.

investing in bitcoin should not be what an investor should stress himself doing or become handicapped in other aspect of his life just because he is investing in bitcoin. proper allocation for an emergency fund while investing with a discretionary income also gives an investor a smooth investment journey.

[Rockstarguy]

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

But in any case, you should not limit yourself to entertainment, because living with the sole purpose of accumulating more bitcoins is pointless. You have provided a good list of what you can spend your discretionary income on, do not limit yourself, because life is short)

That's true but when the discretionary income is low and not be able to meet up with the bills of entertainment and bitcoin investment , you will have to choose which one is more important,  because for me I would rather choose invedt first, then if their is anything left then  entertainment can come second.

Life is very short no doubt and everything needs to be balanced but when it is impossible to afford everything at a time just go for what you really need, the rest can come up later.

[ejikeme24]

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

But in any case, you should not limit yourself to entertainment, because living with the sole purpose of accumulating more bitcoins is pointless. You have provided a good list of what you can spend your discretionary income on, do not limit yourself, because life is short)

That's true but when the discretionary income is low and not be able to meet up with the bills of entertainment and bitcoin investment

If your discretionary income is low and can not be able to meet up your entertainment Bill and that of your bitcoin investment then you have to make adjustments maybe if your weekly or monthly bitcoin purchase is $100  then you have to reduce it to $80 or $70 I'm sure that the remaining money will be enough for your entertainment maybe if you used to spend more than this in entertainment before then you also need to reduce it  since your discretionary income is low. However as a Bitcoin Investor you're supposed to have emergency fund or reserve fund should incase your discretionary income is low you can easily take from any of this funds to sort things out, at the same time looking for a way to increase your discretionary income.

[Fiasem20]

Discretionary income plays an important role in terms of investment.Many folks neglect the importance of prioritizing their discretionary income and face the outcome of accumulating their holdings prematurely.After all the basic necessities are met like food, housing, clothing and electricity bill,the left over money is known as discretionary income,which can be used to serve different purposes like traveling, saving and investing.Most importantly, prioritizing your discretionary income on investment eliminates financial stress and build a long term goal.It would be unwise for an investor to prioritize he's discretionary income on bitcoin investment without building an emergency fund.

[Orpichukwu]

Bitcoin investment must be our top priority but we must not over stressed our self in doing that investment. Best way to go for Bitcoin investment is to generate some kind of discretionary income. The salary we receive on monthly basis must be used for our daily requirements and some portion of that must be reserved for emergency funds. Those who do job can do online work to generate discretionary income like participating in signature campaign or work on freelance platforms. There is no excuse these days for not generating discretionary income. 

Indeed, there is no excuse these days for us not to achieve extra income earning with lots of opportunities which don't even require the person to leave their job or skip classes in order to meet up; it's just all a matter of determination and readiness to learn and earn that will determine what the person tries to do with what they will earn and how important they consider that thing which will push them even harder to make sure they achieve it.

[Oshio-man]

Discretionary income plays an important role in terms of investment.Many folks neglect the importance of prioritizing their discretionary income and face the outcome of accumulating their holdings prematurely.After all the basic necessities are met like food, housing, clothing and electricity bill,the left over money is known as discretionary income,which can be used to serve different purposes like traveling, saving and investing.

Those that neglected it always have themselves to be blame for not listen to a good advice not to invest what they can't afford to lose in bitcoin, many have borrowed funds to recover what they have lost that lead some to prison because there is no way to pay back the loan, for you to get it right with your plans to achieve what you want from bitcoin investment without touching or spending funds that are made  for house, investment or food items, just have a good budget that will make you not to mistake to spend your capital and income the same time, capital is just like a seed you will use to generate income and there is nothing that will make you to touch the capital, but you can touch the income to achieve house,food items, traveling and pay any kind of bills.

[Merit.s]

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

But in any case, you should not limit yourself to entertainment, because living with the sole purpose of accumulating more bitcoins is pointless. You have provided a good list of what you can spend your discretionary income on, do not limit yourself, because life is short)

Not at all, because I cannot use all my discretionary income to buy bitcoin. At least I have a percentage of my discretionary income that I put into bitcoin weekly. This is why DCA is the most flexible method that anyone can use to invest without stress. The most important thing is that you should keep your bitcoin purchase ongoing irrespective of the amount that you are using to buy bitcoin. When it's festive periods, I don't buy bitcoin because there will be a lot of expenses on ground. You don't need to punish yourself because you're investing.

[POPOLUV]

The reason of using only a discretionary income for Bitcoin investments is the right thing to do when it comes to Bitcoin investments because once you take a loan to invest or you use the money meant for another thing, without using the  discretionary income which means that with your discretionary income you have might paid all your bills which could make you not to accumulate your Bitcoin for a long term, with your discretionary income someone can't be panicking if preventualy the fluctuation of Bitcoin is going low because he knows that he not selling anytime soon and he allow his Bitcoin portfolio in long term, so the fluctuation of Bitcoin in market Will increase back as the time goes.

[Salahmu]

That's true but when the discretionary income is low and not be able to meet up with the bills of entertainment and bitcoin investment , you will have to choose which one is more important,  because for me I would rather choose invedt first, then if their is anything left then  entertainment can come second.

Life is very short no doubt and everything needs to be balanced but when it is impossible to afford everything at a time just go for what you really need, the rest can come up later.

It all depends on the amount the person has on the discretionary because sometimes we usually think that satisfying our investment first regardless of what is remaining on discretionary income is the best but what if we did not do it right? Or isn't what we are supposed to in having less of discretionary income and still investing from it because after that what if the amount that would be remaining can barely stay for a week without exhaustion because every discretionary should be for months and not even for three weeks because buying an important things is resistable even when you have bought all the things you feel is needed.

[MusaPk]

The reason of using only a discretionary income for Bitcoin investments is the right thing to do when it comes to Bitcoin investments because once you take a loan to invest or you use the money meant for another thing, without using the  discretionary income which means that with your discretionary income you have might paid all your bills which could make you not to accumulate your Bitcoin for a long term, with your discretionary income someone can't be panicking if preventualy the fluctuation of Bitcoin is going low because he knows that he not selling anytime soon and he allow his Bitcoin portfolio in long term, so the fluctuation of Bitcoin in market Will increase back as the time goes.

Our main goal must be to keep investing in Bitcoin because price of Bitcoin is over 100k and it's not possible for most of us to buy one complete bitcoin. With discretionary income we have peace of mind that we don't have to arrange funds from our weekly income for investing into Bitcoin. Even if one don't has any discretionary income, he must try to generate it and if he is not getting success then he must invest with whatever he has at his disposal. Bitcoin in the long run will grow and we must invest today to secure our tomorrow.     

[Tmoonz]

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

But in any case, you should not limit yourself to entertainment, because living with the sole purpose of accumulating more bitcoins is pointless. You have provided a good list of what you can spend your discretionary income on, do not limit yourself, because life is short)

That's true but when the discretionary income is low and not be able to meet up with the bills of entertainment and bitcoin investment , you will have to choose which one is more important,  because for me I would rather choose invedt first, then if their is anything left then  entertainment can come second.

Life is very short no doubt and everything needs to be balanced but when it is impossible to afford everything at a time just go for what you really need, the rest can come up later.

There is a vital reason why we need to understand the very important of placing our expenses based on the most pressing needs which is called in economics the scale of preference, the most important ones of course should comes first to be followed by others it is as simple as that and life will tend to become easier when things are followed in this direction, there is no way everything can be afforded at the same time, over time individually we have what we may actually put at the front first before considering other things.

[iBaba]

There is a vital reason why we need to understand the very important of placing our expenses based on the most pressing needs which is called in economics the scale of preference, the most important ones of course should comes first to be followed by others it is as simple as that and life will tend to become easier when things are followed in this direction, there is no way everything can be afforded at the same time, over time individually we have what we may actually put at the front first before considering other things.

The economy over my country right now has made even the non-economists to learnt the concept of scale of preference has also led to the prioritisation spirit that now exists among them, knowingly or unknowingly. The inflation on the items or goods while the Naira is already suffering from the forex. Which makes it more difficult for people over the country have extra funds or the discretionary funds.

[Versatile_choice]

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.

 there are set of  people that invest From thier discretionary income yet they don't have peace of mind, they still panick during the dip. So this is just all about discipline, You can have a discretionary income to invest in but if you're not discipline you can't stay focused as you may bRemembere tempted to sell off your holdings some day due to pressure so as a newbie who is about getting started with bitcoin investment you need to be discipline. Discipline i mean in terms of sticking to your decision once you decide never to temper your bitcoin investment for any reason then you Stick to the decision let your yes be yes not just after making a decision maybe due to pressure you just decided to sell your holdings no, you just need to stay discipline no matter what.

What exactly are you saying, do you mean that if one is using his discretionary income he or she will still panic and if his not using his discretionary income but is determine he or she won't panic, sometimes you people should try to make things very clear to people when writing and stop confusing people.

I think you're the one that is getting yourself confused here, I don't mean to dispute on the fact that investing from your discretionary income means you're Investing with peace of mind but even as that one also need to be discipline so as to enable you stay focused regardless the ups and downs of the market. Because alot of people have been investing from their discretionary income yet they don't feel comfortable when there is a little drop in the value of bitcoin simply because they are not well discipline so when investing from your discretionary income is also advised to apply self discipline this would help you to stay focused no matter anything.

[arwin100]

What exactly are you saying, do you mean that if one is using his discretionary income he or she will still panic and if his not using his discretionary income but is determine he or she won't panic, sometimes you people should try to make things very clear to people when writing and stop confusing people.

I think you're the one that is getting yourself confused here, I don't mean to dispute on the fact that investing from your discretionary income means you're Investing with peace of mind but even as that one also need to be discipline so as to enable you stay focused regardless the ups and downs of the market. Because alot of people have been investing from their discretionary income yet they don't feel comfortable when there is a little drop in the value of bitcoin simply because they are not well discipline so when investing from your discretionary income is also advised to apply self discipline this would help you to stay focused no matter anything.

Maybe they are not comfortable with those situation since they are actually not prepared. But if it happens that they made good preparation like set up their emergency funds then provably that those volatile situation can't affect them.

Usually we encounter those sentiments on new investors on the scene. They get panic if there's market correction happens, but those who have experience with Bitcoin those situation is just a normal scene and instead of getting panic on these situation they usually buy since that is good opportunity for us to accumulate more Bitcoins.

[tvplus006]

...However as a Bitcoin Investor you're supposed to have emergency fund or reserve fund should incase your discretionary income is low you can easily take from any of this funds to sort things out, at the same time looking for a way to increase your discretionary income.

That's right, an investor should always have money so that, if necessary, they don't have to sell their bitcoins, the price of which at that time may be lower than they were bought. In general, any person should have money for a rainy day, and in this case your investments will be safe.

[Sonia_123]

The reason why you should use only discretionary income to invest in Bitcoin is so that it will not affect your monthly expenses or livelihood since discretionary income is what you can afford to lose as we all know that it is the leftovers from all our monthly expenses, and so if an investor uses his discretionary income to invest in bitcoin it is safe and he will not be worried about it since the money is that which is not too important to him, using your discretionary income supports DCA strategy because it gives investors the best opportunity to invest daily, weekly or monthly bases, instead of waiting to getting a bigger amount of money before investing and makes investors avoid risk and not timing the market, DCA assist an investor to purchase a fixed amount of an asset not minding the price, since DCA strategy is known for little by little accumulation of bitcoin no matter how much the price might be at a particular point in time irrespective of the market volatility and fear, it gives room for long term investment since the value of bitcoin appreciates more when you hold on your investment for a long-term of 4-5 cycles that will yield more profit and increase in value and scarcity.

DCA strategy still remains the best and easy when investing into bitcoin.

[Bigjoe33]

Some newbies won't understand why they say use only your Discretionary income to invest in Bitcoin or why it is said that "Don’t invest money you can’t afford to lose."
It is very important that newbies should know the reason why they must use only their discretionary income to accumulate or invest in Bitcoin.
And this is the reason why, other members can still add to this I believe it will help not just newbies but other members who are still not aware.

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 so If you use money meant for your rent, food, or bills, you risk being stranded during a fall of Bitcoin price.
Using only your Discretionary income protects your lifestyle even if Bitcoin falls.

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 so using discretionary income makes you stay calm and patient, making it easier to HODL for long term without fear and panic.

3. Encourages Long Term Growth Mindset: if you are using only your Discretionary income to accumulate Bitcoin it will make you to HODL longer because the money you are using is what you actually don't need for any essential thing, so you can hold for years without even panicking.

4. Prevent Debt: some set of people borrow money just to invest in Bitcoin which is very bad because if a dip happens and the due date to repay comes you will become in debt and loss at same time, so no matter how small your Discretionary income is use only it to accumulate Bitcoin it will prevent you from debt.

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.

Well said OP, I just hope newbies in Bitcoin investment would come across this post and read so to get informations. Well, one thing your post only lacked was the clear and actual meaning of what Discretionary income or funds is so they can relate the meaning to all your explanations.

Discretionary income or funds is the extra money left over after all basic necessities and needs have been taking care of. This simply means that the discretionary funds really has nothing doing since everything has been settled. It is with this money an investor can accumulate Bitcoin using the DCA strategy which gives you peace of mind during your investment journey and also a panic free mind in the face of Dips