The reasons why using discretionary income is important in Bitcoin investment.

[Becky Wealth]

Discretionary income is important for Bitcoin because its helps to know or have an idea of how much one can safely put Into Bitcoin Without putting there finances into risk
This reasons include
1 Risk management:As we all know Bitcoin is volatile  When you use decretionary income Its make you understand that it's only your extra money that's involve After all the essentials.

2 Long Term Holding: when you use decretionary income You won't feel pressure to sell your Bitcoin Because of your daily needs.

3 Peace of mind: when you use decretionary income to invest on Bitcoin it helps to reduce stress, if the Bitcoin happens to fall, you can wait instead of being worried.

4 Its help to Avoid Debt For investment:When you focus on your Discretionary income, It will help you avoid high rate of debt That could reduce your gain.

[NurseHub]

This is one of the characteristics of my fellow newbies, one I see threads about this things I just understand that you probably have just learnt a few things from some popular threads just like I have did too but, don't you think that this is also very obvious? like people should who are in this board should already have little knowledge of discretionary income and why it's important? I think we should always continue the discussions where we learnt if from than create new topics. Just my opinion.

[Supreme Donvic]

All the reasons you have mentioned are all correct, if you don't have a Discretionary income you shouldn't even think about investing in Bitcoin because if you use money that is meant for basic needs to accumulate Bitcoin then you will be in a big financial problem and you will even end up dipping hands into your Bitcoin investment there by interrupting your accumulation journey.
So before going into Bitcoin investment you need to have an income that after handling basic needs with it you will still be left with a Discretionary income no matter how small it is, you can use a small amount of your Discretionary income to invest in Bitcoin and succeed but you can't use basic needs money for Bitcoin investment and succeed.

[Asiska02]

All the points you’ve mentioned are good points that makes using discretionary income as the best way to invest in bitcoin. The market is very volatile and uncertain but when you use a discretionary income to invest, it has eliminated many unforeseen arisen problems from the investor’s side which are mostly unavoidable. Bitcoin is a very volatile asset but only the patient ones that hold on to their assets throughout any type of market condition will remain profitable in the long run.

[Joy- maker]

This is one of the characteristics of my fellow newbies, one I see threads about this things I just understand that you probably have just learnt a few things from some popular threads just like I have did too but, don't you think that this is also very obvious? like people should who are in this board should already have little knowledge of discretionary income and why it's important? I think we should always continue the discussions where we learnt if from than create new topics. Just my opinion.

you are right this is just how newbies behave when they have learnt something from the regular threads no doubt, and this is also how majority of us started just like her when we first joined the forum. Although she have tried to come with something in the local board which is cool, but all this things she have highlighted are things we are already familiar with, so Becky wealth it will make more sense where you continue this discussion over there than coming to the local board to make thread with it. Please don't get me wrong Becky wealth am just putting you through how things are done here nothing much.

[BitBakerr1]

This is one of the characteristics of my fellow newbies, one I see threads about this things I just understand that you probably have just learnt a few things from some popular threads just like I have did too but, don't you think that this is also very obvious? like people should who are in this board should already have little knowledge of discretionary income and why it's important? I think we should always continue the discussions where we learnt if from than create new topics. Just my opinion.

You no go leave the newbie hand, na very good thread be this no matter where she get the information from as long as say the thread them never create am here I no see anything bad, if you feel say en see the discussion somewhere for the forum and en con bring am here na good thing because others go learn from the information way en pass, you dey feel say everybody for this place no thing way en bring up like this even if old members here no, I no sure say newbies way dey new into Bitcoin investment go know am.

E be like say you won just bully the newbie, you self way reach full member by struggle won Bully newbie too I fear oo, if you know get better contribution to the thread you no go just pass.
Na so una dey bully newbies for this forum forgetting say una be once newbie.

[Proty]

I believe no investors will want to lose his or her income whether it is discretionary income. There is a point were the OP  said that since it is only extra cash, it made me to wonder if that money is not important to an investor. Discretionary income is as important as any other income to an investor. The main why it is always advisable to invest with discretionary income is because to avoid selling our bitcoin before the anticipated timeline merely because we have used money that is supposed to be used for other needs and then use it to buy bitcoin. Now when the need for the money arise we will left with no other options but to fall back to our bitcoin investment.

[Mr Reporter]

I believe no investors will want to lose his or her income whether it is discretionary income. There is a point were the OP  said that since it is only extra cash, it made me to wonder if that money is not important to an investor. Discretionary income is as important as any other income to an investor. The main why it is always advisable to invest with discretionary income is because to avoid selling our bitcoin before the anticipated timeline merely because we have used money that is supposed to be used for other needs and then use it to buy bitcoin. Now when the need for the money arise we will left with no other options but to fall back to our bitcoin investment.

Well I think the OP has forgotten the importance of Discretionary Income well you should take note that it’s also as important as very other income, which I most say that investors should do take note of it importance, just it’s most no for incomes for only investing which can help ensure that essential expenses are covered reducing the likelihood of been force to sell your investments at unfavorable times.

[SuperBitMan]

3 Peace of mind: when you use decretionary income to invest on Bitcoin it helps to reduce stress, if the Bitcoin happens to fall, you can wait instead of being worried.

This is one of the reasons I use only my discretionary income to accumulate Bitcoin for peace of mind, I heard of a story that a man invested in a cryptocurrency and he used a huge sum of money to invest in that cryptocurrency and from the news they said the money he used to invest in that cryptocoin was the money he got from selling one of his lands, since crypto coin is highly volatile in nature it dropped in price and when he discovered what happened he got a shock that killed him, if he had used his discretionary income to invest in that coin I'm not sure he would have gotten a shock talk for of dying, so the peace of mind that using your discretionary income to invest in Bitcoin gives it's very important, some people may say that bitcoin is more safer because it's Bitcoin however don't forget that bitcoin is still a cryptocurrency and is highly volatile in nature so using only your Discretionary income will really help you mentally, emotionally and health wise.

[Itz-prisigold]

This is a very great point, Discretionary income is very necessary when you're investing into Bitcoin due to the risky exposure. So by using extra funds after covering mandatory expenses. Some persons can manage risk, adopt a hold long-term and to avoid financial burden.this method helps in promoting reliable investing and also helps you to avoid a lot of debts, Well defined reasons Becky wealth.

[Rgram]

3 Peace of mind: when you use decretionary income to invest on Bitcoin it helps to reduce stress, if the Bitcoin happens to fall, you can wait instead of being worried.

This is the main reason why that is always advised when it comes to Bitcoin investment.

We all know just how volatile cryptocurrencies are and Bitcoin most of all leaves everything to chances. This means, if you aren’t quite settled on what you are getting into and have a plan on how to go ahead through its seasons, discretionary income that wouldn’t cause you much distress is what you should be looking to invest with.

You don’t get to see the investment as a money tree where you would need to get ROI at a defined period in time to use in problem solving.

[Agbam]

Yes discretionary money is always advised to use in any kind of investment you want to do whether bitcoin or physical business ventures, they call it money you can afford to lose, this is money that wouldn’t put you under any kind of pressure, money you would use to easily buy drinks with friends, throw a party, go out to have fun, it’s not really for any basic expenses. This money gives you a lot of freedom and peace when you invest with it, you wouldn’t have fear if market moves against.
So it’s always important to sort out your discretionary and use for investment.

[Mr_Brilliant$]

At this point, with all the stories we have sha seen, nobody should even need to be reminded that Bitcoin investment is strictly for discretionary income. Time and time again, eye don clear say using money you can’t afford to lose backfires more than it pays. I have even been in that position myself, took money that was meant for something else and threw it into Bitcoin hoping for sharp cash, when e backfires ehn.. it sha did not end well at all. That is why I always tell people to only invest what they can spare.
One, because Bitcoin is highly volatile and anything can happen in the short term. Two, because you do not want to put yourself under unnecessary pressure when the market dips. When it is discretionary funds, you can be patient and let time work for you, but if na money you badly need, you will end up making emotional decisions and regret it later…

[Dr.Bitcoin_Strange]

All the points your mentiioned are very valid but you didn't mention the elimination of fear, some people fear to lose their money during market volatility but with your spare fund being invest, it eliminates that fear and no matter the market movement, you will hold tight to your portfolio and only sell when you have decided to sell after meeting your target.

[IjawMan]

This is one of the characteristics of my fellow newbies, one I see threads about this things I just understand that you probably have just learnt a few things from some popular threads just like I have did too but, don't you think that this is also very obvious? like people should who are in this board should already have little knowledge of discretionary income and why it's important? I think we should always continue the discussions where we learnt if from than create new topics. Just my opinion.

You no go leave the newbie hand, na very good thread be this no matter where she get the information from as long as say the thread them never create am here I no see anything bad, if you feel say en see the discussion somewhere for the forum and en con bring am here na good thing because others go learn from the information way en pass, you dey feel say everybody for this place no thing way en bring up like this even if old members here no, I no sure say newbies way dey new into Bitcoin investment go know am.

E be like say you won just bully the newbie, you self way reach full member by struggle won Bully newbie too I fear oo, if you know get better contribution to the thread you no go just pass.
Na so una dey bully newbies for this forum forgetting say una be once newbie.

make we deh encourage one another when ideas are produced, e no easy to write good notes and di first comment come be like gbas-gbos to the op, e no go waste time kill the user confidence weh be fresh newbie sef. No be we weh our own newbie don gain notable experience on how to withstand unexpected strike.

Di tok even done help save plenty stories about the importance of making provision for discretionary income, di op summarise weh another newbie no go hard am to know di role of discretionary income any place them discuss am.

Add with what op done tok weh feat help bitcoin investor grow him portfolio, di other ones weh join body na be emergency funds  and reserve funds. When each deh strategically well taken care of, you no go get shaking with your bitcoin investment no matter how market volatility and trends be.

[Mehmet69]

Discretionary income is important for Bitcoin because its helps to know or have an idea of how much one can safely put Into Bitcoin Without putting there finances into risk
This reasons include
1 Risk management:As we all know Bitcoin is volatile  When you use decretionary income Its make you understand that it's only your extra money that's involve After all the essentials.

2 Long Term Holding: when you use decretionary income You won't feel pressure to sell your Bitcoin Because of your daily needs.

3 Peace of mind: when you use decretionary income to invest on Bitcoin it helps to reduce stress, if the Bitcoin happens to fall, you can wait instead of being worried.

4 Its help to Avoid Debt For investment:When you focus on your Discretionary income, It will help you avoid high rate of debt That could reduce your gain.

Congratulations on gaining knowledge about important things about investing in new situations. Yes, you are absolutely right. We must rely on discretionary money for investment. In my opinion, discretionary income should be used during any investment. Apart from investing in Bitcoin, there are many other types of investment mechanisms. Such as: metal investment, real estate and capital market. If you invest in any of these using discretionary income, you will be able to continue investing for a long time without facing financial stress or crisis.

But if you do not have discretionary income, then I would advise you to stay away from all types of investments. Because if your daily needs are not met, any investment will have to be sold prematurely and
You will lose money again and again. Therefore, discretionary income is very important for any investment.

[Yablee0]

Discretionary income is important for Bitcoin because its helps to know or have an idea of how much one can safely put Into Bitcoin Without putting there finances into risk
This reasons include
1 Risk management:As we all know Bitcoin is volatile  When you use decretionary income Its make you understand that it's only your extra money that's involve After all the essentials.

2 Long Term Holding: when you use decretionary income You won't feel pressure to sell your Bitcoin Because of your daily needs.

3 Peace of mind: when you use decretionary income to invest on Bitcoin it helps to reduce stress, if the Bitcoin happens to fall, you can wait instead of being worried.

4 Its help to Avoid Debt For investment:When you focus on your Discretionary income, It will help you avoid high rate of debt That could reduce your gain.

Discretionary funds is the best and recommendable funds used in investing in bitcoin,  when you invest with a discretionary funds  you are automatically setting a concrete foundation in your investment because all what would have make you fall back on your investment which are daily expenses, unforeseen issue and other things that require money has already been settled.

Secondly, What really makes us start having issues with our investments are when we go with the wrong approach, we just go ahead and invest without enquiring the basic things and information needed before investing by so doing fail at the process. However these are some few steps that can aid a successful bitcoin investment which are:

-Have a daily, weekly or monthly income
-do well to figure out your discretionary funds.
-have an investment target
-make sure you go for long term to enable you get the full potential of it.
-don't panic by any market trends etc.

[Jubilee58]

Using discretionary income for your bitcoin investment is good, because you are going to feel very relaxed and watch your bitcoin investment growing gradually, and bitcoin adds more value when you invest for a long time, so when discretionary income is being used for your bitcoin investment, you won't be in a hurry to sell your investment.

Don't use your business money and invest in bitcoin, because you are going to be under pressure and definitely, you are going to sell your bitcoin when it is not the right time to sell, and you might even loose your money as a result of bitcoin fluctuation and impatience.

[Sammye3]

Discretionary income is important for Bitcoin because its helps to know or have an idea of how much one can safely put Into Bitcoin Without putting there finances into risk
This reasons include
1 Risk management:As we all know Bitcoin is volatile  When you use decretionary income Its make you understand that it's only your extra money that's involve After all the essentials.

2 Long Term Holding: when you use decretionary income You won't feel pressure to sell your Bitcoin Because of your daily needs.

3 Peace of mind: when you use decretionary income to invest on Bitcoin it helps to reduce stress, if the Bitcoin happens to fall, you can wait instead of being worried.

4 Its help to Avoid Debt For investment:When you focus on your Discretionary income, It will help you avoid high rate of debt That could reduce your gain.

It's actually a good way of investing in Bitcoin not waiting to have a large amount of money before investing because the market waits for nobody and would keep moving, so the earlier the better. And it would in turn relieve you of any kind of pressure because the investment strategy is more like DCA and does not involve the use of emergency funds just to get back returns speedily.

You made nice points on the benefits of using discretionary funds and emphasis on managing risk should be more elaborated as it's the key function of trading and volatility in cryptocurrency can never be 100% predicted so should be more emphasized

[JoyceBTC]

This is one of the characteristics of my fellow newbies, one I see threads about this things I just understand that you probably have just learnt a few things from some popular threads just like I have did too but, don't you think that this is also very obvious? like people should who are in this board should already have little knowledge of discretionary income and why it's important? I think we should always continue the discussions where we learnt if from than create new topics. Just my opinion.

I don’t see anything bad in creating this topic here even if it was created from a popular thread and brought to the local board, because they are still some newbies here that are not aware of what discretionary Income is about and also the importance. You know most of the newbies that recently joined the forum, mostly write and spend more time on the local board, so this topic been in the local board here is very good expecially for most newbies that might not come across this topic on popular threads, can easily see it and learn from it here.