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]

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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.