Three best ways to hold bitcoin combined.

[PhilosopherKing]

Of course, newbies can divide their proportions however the fuck they like. It does not have to be equal.  There is personal choice involved, especially when "discretionary" is already in the name.  Look up the word "discretionary." It means having the ability to choose and to use one's own judgement.  

I think that many times the 1/3 in each category is mentioned as an easy way for a newbie to decide how much to put into each category, yet in the end each person is likely way better off if they use their own actual brain (if they have one?) to pick amounts of their discretionary funds that are comfortable for their personal and specific situation and also allows them to not end up overdoing their allocation in one category or another.

Exactly, The essence of person starting their investments with common sense is so that they can be able to use it for their own personal judgement rather than copying someone strategy that may not later work for the person.

It is a discretionary income, so hell yeah, person can decide how they can divided it in a more comfortable way. If they want to put 50% in buying and 30% for consumption and 20$ in reserve, that's the person call. If another person want to do something different too, that is also the business business too. They should just do what ever suit their ability.

[cyberninja2]

...

Exactly, The essence of person starting their investments with common sense is so that they can be able to use it for their own personal judgement rather than copying someone strategy that may not later work for the person.

It is a discretionary income, so hell yeah, person can decide how they can divided it in a more comfortable way. If they want to put 50% in buying and 30% for consumption and 20$ in reserve, that's the person call. If another person want to do something different too, that is also the business business too. They should just do what ever suit their ability.

Why imitate others when we have our own strategy in doing it unless we have just started investing and even then I think if we already have a little knowledge then there is no need to imitate what others do especially if we have principles in investing and also sometimes we have more income so I think the decision in doing it is certainly up to each of us or personally and in the end if we choose to listen or follow the strategy of others if there is success in investing of course they will say that way the strategy is only with what I do and we need to anticipate this before it happens to us it is better to go with the strategy that we have ourselves.

The decision is up to each of us personally so by having discretionary funds for example as you mentioned and if we allocate 40% for consumption it is also possible because we ourselves decide even if 10% is for us to invest but why do we do that because we are also the ones who will feel it and if we allocate more the results will definitely be the opposite that we will receive so what I need to say is that every decision we make will certainly be the result that we ourselves feel so there is no need to multiply strategies in doing it and more clearly the strategy we have is the best and the best strategy.

[Charcol]

Don't make the mistake to share your income into three parts which is money for your basic needs and monthly expenses, emergency funds and discretionary income. That's not how to do the sharing formula. You are to only focus on taking care of your basic needs and monthly expenses first, any leftover is called your discretionary income which is from where you will get your discretionary income from.

Most newbies make this mistake of sharing their net income into different part without even taking care of their basic needs first, which Should be a priority, and after investing with part of it, they will later discover that they will need to sell some part of the Bitcoin already accumulated, so that they can address the pressing basic needs at hand. So in other to avoid the problem of miscalculation of our basic needs, addressing our basic needs first should be a priority, so that anything that is left, which is our discretionary income is what we should be investing with, so I agree with your sentiment about this because you are spot on with everything you said here.

Well, I do not agree.  Prioritizing basic needs sounds like common sense, but your approach is exactly why most people stay trapped in a paycheck-to-paycheck loop and never actually build wealth.  What I mean is - If you wait until you are comfortable to invest in Bitcoin, you will be waiting forever.

Some people think that when income increases, income stabilizes, and better times come, they will start, and many people cannot build a position for years because of such false expectations. But you should understand that if you invest without understanding the basic costs, you may be forced to sell Bitcoin later in an emergency. You should first invest by understanding your own costs, income, emergency funds, and cash flow. And if you continue to invest in Bitcoin without considering these things, it is probably not a long-term plan, but an investment on a weak foundation. You should not show yourself as if meeting basic needs is what keeps people in poverty. You should not forget that basic costs do not mean luxury.

[Moreno233]

Some people think that when income increases, income stabilizes, and better times come, they will start, and many people cannot build a position for years because of such false expectations. But you should understand that if you invest without understanding the basic costs, you may be forced to sell Bitcoin later in an emergency. You should first invest by understanding your own costs, income, emergency funds, and cash flow. And if you continue to invest in Bitcoin without considering these things, it is probably not a long-term plan, but an investment on a weak foundation. You should not show yourself as if meeting basic needs is what keeps people in poverty. You should not forget that basic costs do not mean luxury.

I don't like when we complicate things because they can make newbies to adopt wrong method and that can lead to losses and their eventual exit from Bitcoin for such person. From my understanding, , new investor simply need to know how to calculate his discretionary income so he can decide what part of it to invest in Bitcoin and the part to keep as emergency fund. The percentage the investor is willing to invest shows how aggressive he wants to be. There should be no fixed percentage of the capital that is generally perfect for everyone to adopt, the individual have to figure it out himself.

[AmaGold70]

Bitcoin may have topped at 126k already and yes DCA is a good way to accumulate Bitcoin, the method anyone is going to use is on them to figure out, I still believe that using a large sum of money to buy good dip is better than buying at every five percent or ten percent drops, you don't have to wait on the bottom as it is very hard to know what the real bottom looks like but buying bitcoin with large amount at 40k is way better than using small portion to buy every dips.

All the ways you dropped are good and choosing one depends on the person, we don't earn money the same way, some get paid weekly and some monthly, there are even some who get paid several months later so we should choose one that suits our lifestyles and hold for the future, o believe that bitcoin will reach a million dollars one day. We are still very early.

You are very correct, every bitcoin investor cannot actually use thesame method to invest in bitcoin, and the method that any investor will choose will depend on how comfortable that investor might be. Sometimes, one might not even be earning regular income, and for such investor who doesn't earn regular income to engage in DCA it will be very difficult, rather buying bitcoin in lump some will be more preferable for such investor. On the other hand, someone who is on regular income can choose to invest either with DCA or buy in lump some. However, it will be more better for someone on regular income to engage in bitcoin investing with DCA method, because since your income is regular, small, and consistent allocation of fund on a long period of time can help you accumulate significant amount of bitcoin.

[SPIDERMAN008]

Bitcoin may have topped at 126k already and yes DCA is a good way to accumulate Bitcoin, the method anyone is going to use is on them to figure out, I still believe that using a large sum of money to buy good dip is better than buying at every five percent or ten percent drops, you don't have to wait on the bottom as it is very hard to know what the real bottom looks like but buying bitcoin with large amount at 40k is way better than using small portion to buy every dips.

All the ways you dropped are good and choosing one depends on the person, we don't earn money the same way, some get paid weekly and some monthly, there are even some who get paid several months later so we should choose one that suits our lifestyles and hold for the future, o believe that bitcoin will reach a million dollars one day. We are still very early.

You are very correct, every bitcoin investor cannot actually use thesame method to invest in bitcoin, and the method that any investor will choose will depend on how comfortable that investor might be. Sometimes, one might not even be earning regular income, and for such investor who doesn't earn regular income to engage in DCA it will be very difficult, rather buying bitcoin in lump some will be more preferable for such investor. On the other hand, someone who is on regular income can choose to invest either with DCA or buy in lump some. However, it will be more better for someone on regular income to engage in bitcoin investing with DCA method, because since your income is regular, small, and consistent allocation of fund on a long period of time can help you accumulate significant amount of bitcoin.

Even if a person has irregular income, he can easily invest in Bitcoin using the DCA method. Let's say a person's income comes after 4 or 6 months. Then he himself knows when his next income will come and how much his expenses will be during this period. After calculating all the expenses, he can save that money and regularly do DCA with the excess discretionary fund. Here, DCA will be done by dividing it weekly until the next income comes. If the income comes after 4 months, it means that he will get about 16 weeks in these 4 months. He will divide his discretionary fund by 16 and do DCA regularly with that. DCA is very easy to adapt to people of all types of income. If a person generates discretionary income in any way, they can use it to invest in Bitcoin following the DCA method.

[Fash33]

However, it is not a wise decision if they decide to invest all there discretionary income into bitcoin because they need to set up an emergency funds that they can used to protect there investment during emergency.They can decide to share it in whatever ratio or way that is suitable to there financial situation. If dividing it into three equal parts is okay with the investor then there is nothing wrong with that

Of course, newbies can divide their proportions however the fuck they like. It does not have to be equal.  There is personal choice involved, especially when "discretionary" is already in the name.  Look up the word "discretionary." It means having the ability to choose and to use one's own judgement. 

I think that many times the 1/3 in each category is mentioned as an easy way for a newbie to decide how much to put into each category, yet in the end each person is likely way better off if they use their own actual brain (if they have one?) to pick amounts of their discretionary funds that are comfortable for their personal and specific situation and also allows them to not end up overdoing their allocation in one category or another.

Nice idea and I agree, the one third allocation is just stand as a simple guide for beginners, to help the newbie get started, not a rule that everybody body must follow, discretionary income is a funds that we free to choose how we can use it, because everyone can decide what is best for their own financial situation and comfort level, as there increases in our income, gain more experience, we can always adjust our allocation if needed. But what is most important thing is to have a plan that is very easy to follow and can be maintained for a long period of time, to be consistent with plan it’s much better than copy somebody percentages.

[Hardyrobust]

Bitcoin may have topped at 126k already and yes DCA is a good way to accumulate Bitcoin, the method anyone is going to use is on them to figure out, I still believe that using a large sum of money to buy good dip is better than buying at every five percent or ten percent drops, you don't have to wait on the bottom as it is very hard to know what the real bottom looks like but buying bitcoin with large amount at 40k is way better than using small portion to buy every dips.

All the ways you dropped are good and choosing one depends on the person, we don't earn money the same way, some get paid weekly and some monthly, there are even some who get paid several months later so we should choose one that suits our lifestyles and hold for the future, o believe that bitcoin will reach a million dollars one day. We are still very early.

You are very correct, every bitcoin investor cannot actually use thesame method to invest in bitcoin, and the method that any investor will choose will depend on how comfortable that investor might be. Sometimes, one might not even be earning regular income, and for such investor who doesn't earn regular income to engage in DCA it will be very difficult, rather buying bitcoin in lump some will be more preferable for such investor. On the other hand, someone who is on regular income can choose to invest either with DCA or buy in lump some. However, it will be more better for someone on regular income to engage in bitcoin investing with DCA method, because since your income is regular, small, and consistent allocation of fund on a long period of time can help you accumulate significant amount of bitcoin.

Even if a person has irregular income, he can easily invest in Bitcoin using the DCA method. Let's say a person's income comes after 4 or 6 months. Then he himself knows when his next income will come and how much his expenses will be during this period. After calculating all the expenses, he can save that money and regularly do DCA with the excess discretionary fund. Here, DCA will be done by dividing it weekly until the next income comes. If the income comes after 4 months, it means that he will get about 16 weeks in these 4 months. He will divide his discretionary fund by 16 and do DCA regularly with that. DCA is very easy to adapt to people of all types of income. If a person generates discretionary income in any way, they can use it to invest in Bitcoin following the DCA method.

For sure not having a regular source of income shouldn't stop anyone that is willing to invest in bitcoin provided that they have figured out there discretionary income. Though some folks may find it difficult to figure out there discretionary because of irregular income but for those that are able to figure out there discretionary income, they should not allow the fact that they have irregular income to be the reason why they will not invest in bitcoin.

[Shineup]

However, it is not a wise decision if they decide to invest all there discretionary income into bitcoin because they need to set up an emergency funds that they can used to protect there investment during emergency.They can decide to share it in whatever ratio or way that is suitable to there financial situation. If dividing it into three equal parts is okay with the investor then there is nothing wrong with that

Of course, newbies can divide their proportions however the fuck they like. It does not have to be equal.  There is personal choice involved, especially when "discretionary" is already in the name.  Look up the word "discretionary." It means having the ability to choose and to use one's own judgement. 

I think that many times the 1/3 in each category is mentioned as an easy way for a newbie to decide how much to put into each category, yet in the end each person is likely way better off if they use their own actual brain (if they have one?) to pick amounts of their discretionary funds that are comfortable for their personal and specific situation and also allows them to not end up overdoing their allocation in one category or another.

Nice idea and I agree, the one third allocation is just stand as a simple guide for beginners, to help the newbie get started, not a rule that everybody body must follow, discretionary income is a funds that we free to choose how we can use it, because everyone can decide what is best for their own financial situation and comfort level, as there increases in our income, gain more experience, we can always adjust our allocation if needed. But what is most important thing is to have a plan that is very easy to follow and can be maintained for a long period of time, to be consistent with plan it’s much better than copy somebody percentages.

How would anyone even want to copy others percentages? It can be very work like that every one have their own financial and other factors differences with others which can make copying others very problematic in their Bitcoin investment process, every one should be tired to their own percentage and factors towards their bitcoin investment rather than copying others in any kind of ways which might not be suitable for them, realistically Bitcoin investment is an individual journey where you don't have to copy others.

[Rhow]

Every investor's number 1 goal is making profit.

Bitcoin is part of the best investment that we have, and there are different reasons why this is so.  And it is because of this reason that some persons ongoingly invest. Bitcoin can preserve the value of your money when person keep on investing it for long time.  And this can be reasons why some person invest. Some also use bitcoin to diversify and hedge against inflation .

When I compare holding Bitcoin to holding money in fiat especially my local currency, it becomes obvious that Bitcoin is such a blessing to us than we can imagine. If I take few years analysis, then someone who held Bitcoin those few years would have realized more than x10 of the value of their money if they held in Bitcoin because within few years, our currency depreciated so badly that many people who were above poverty line became poor and struggling to even meat basic needs. Anyone still doubting this blessing called Bitcoin at this point is definitely living in ignorance because with Bitcoin, you don't have to do anything, just hold and watch your money grow.

If everyone had kept all their money in Bitcoin from the beginning, then everyone would have benefited a lot.

To invest in Bitcoin, you need to understand your real situation. While having a discretionary income is enough to start, it may be wrong to say that it would be better to keep all your money in Bitcoin without considering your monthly expenses, emergency funds, cash flow, income, etc. Because not all money is discretionary income. And Bitcoin can never be guaranteed. Although Bitcoin is a strong asset in the long run, it may not be a good idea to invest all your money. Because in the long run, an investor has to face market volatility. If he pours all his money into an investment just to make a profit without considering his necessary expenses, then it is possible that he will be forced to sell his investment very soon. Because he bought it with everything he had just in the hope of making a profit.

[Agbe]

While having a discretionary income is enough to start, it may be wrong to say that it would be better to keep all your money in Bitcoin without considering your monthly expenses, emergency funds, cash flow, income, etc. Because not all money is discretionary income. And Bitcoin can never be guaranteed. Although Bitcoin is a strong asset in the long run, it may not be a good idea to invest all your money. Because in the long run, an investor has to face market volatility. If he pours all his money into an investment just to make a profit without considering his necessary expenses, then it is possible that he will be forced to sell his investment very soon. Because he bought it with everything he had just in the hope of making a profit.

discretionary income is not part of your daily or weekly or monthly spending funds but the money you are not using again to buy things and it is the leftover of your main income. Example. You are earning $200k weekly, you have paid all bills, and buy everything in the house and still remove the money you will spend things in the house plus gas and fuel funds. Now after buying and removing all that. The remaining funds is the discretionary income which you can use to purchase Bitcoin and hodle it and continue doing that every week or month. Therefore discretionary income has nothing to do with your spending anymore. However the discretionary income can go for any of the advice the Op gave.

[Different patterns]

Don't make the mistake to share your income into three parts which is money for your basic needs and monthly expenses, emergency funds and discretionary income. That's not how to do the sharing formula. You are to only focus on taking care of your basic needs and monthly expenses first, any leftover is called your discretionary income which is from where you will get your discretionary income from.

Most newbies make this mistake of sharing their net income into different part without even taking care of their basic needs first, which Should be a priority, and after investing with part of it, they will later discover that they will need to sell some part of the Bitcoin already accumulated, so that they can address the pressing basic needs at hand. So in other to avoid the problem of miscalculation of our basic needs, addressing our basic needs first should be a priority, so that anything that is left, which is our discretionary income is what we should be investing with, so I agree with your sentiment about this because you are spot on with everything you said here.

Exactly, that is one of mistake some folks make when they come to bitcoin by treating all of their income as if it’s all avoidable for investing. Is not really a bad idea to start investing at early stage, but investing should always take place after you are done with essential expenses. And emergency fund really need to be covered, because as a investor if really you those basic needs are neglected, it should that your investment will be at high risk, because once any unexpected thing happens you may not have any other option than to sell your bitcoin investment at a wrong time just to handle expenses that could have been planned for.

This is one of reasons why investing with discretionary income so important, when investing with discretionary income that allows you to stay invested without feeling any pressure to sell your bitcoin, setting a plan, building a budget, and setting aside funds for any necessities are so important in investment, and than stay consistent in investing, this helps beginners to stay disciplined.

[icebar]

Don't make the mistake to share your income into three parts which is money for your basic needs and monthly expenses, emergency funds and discretionary income. That's not how to do the sharing formula. You are to only focus on taking care of your basic needs and monthly expenses first, any leftover is called your discretionary income which is from where you will get your discretionary income from.

Most newbies make this mistake of sharing their net income into different part without even taking care of their basic needs first, which Should be a priority, and after investing with part of it, they will later discover that they will need to sell some part of the Bitcoin already accumulated, so that they can address the pressing basic needs at hand. So in other to avoid the problem of miscalculation of our basic needs, addressing our basic needs first should be a priority, so that anything that is left, which is our discretionary income is what we should be investing with, so I agree with your sentiment about this because you are spot on with everything you said here.

I completely agree with you. Every person needs to focus on their basic needs first and if after fulfilling these basic needs they are able to find some discretionary income then they can definitely invest. The one who divides his income in advance or invests money as soon as he gets it without looking at the basic needs is definitely involved in gambling and is putting his investment at risk. If we invest the amount of money we need and if that amount of money is needed and if at that time the market continues to fall and the price is below our purchase price, then we will definitely face a loss and sell. The first step should be to fulfill our basic needs.