There is this two friends that was arguing in the car i was this morning, the argument was between a friend who is an investor and his other friend that mainly focus in any kind of trading being Bitcoin or all the rest of the coins, so the friend that depends on trading since to have knowledge on Bitcoin more than the one who is an investors through what i saw with their conversation, so the friend that trade ask a question which i see so simple to answer but i kept quiet because i was not among the argument, so i make it dim to bring it here and share, for my fellow investors to also put mouth on the argument, so the friend that trade he went ahead and said this fact, because of the points his friend who is an investor gave him, so he decided to ask him, so as an investor you said you are, investing in Bitcoin we use discretionary income right? and which means you have might pay all your bills before using your discretionary income and still you prefer DCA strategy in purchasing Bitcoin because DCA strategy allows you to buy gradually by gradually, then what of if you want to make use of other strategy to purchase Bitcoin, and strategy like Lump sum strategy, will still use your discretionary income to buy Bitcoin?, and with Lump sum strategy you are not allowed to be buying Bitcoin gradually by gradually but in bulk. He now ask again, will still use your discretionary income in buying Bitcoin and accumulating in bulk using Lump sum strategy?
I just want our beginning to benefit on this mostly, if not there will be any need of creating such thread here, so let us do well and contribute accordingly as you understand it.
Both are strategy that can be use to accumulate bitcoin, and I think the answer is simple, because whether you use DCA strategy or lump sum strategy, what real matter at that point is money you should use, should come from discretionary income, because that part doesn't change, being an investor you shouldn't use money meant for survival to invest in bitcoin, either in bulk, and the difference btw Lump sum and DCA is the method use to buy bitcoin, for example now, if someone save enough extra money for a period of time and decided to to buy bitcoin in bulk "lump sum " that is is still discretionary income because that person already handle is responsibility before investing,
So my answer here is that the trader question can not change the principle of investing responsible, the strategy may change but the important of using discretionary income still constant.
