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Author Topic: Low or high discretionary income in bitcoin investment.  (Read 55 times)
SuperBitMan (OP)
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Today at 02:27:23 PM
 #1

If you have low discretionary income or high discretionary income it those not really determine your success in bitcoin investment what determines your success is your determination, patience and consistency.
You may have a low discretionary income but your determination, patience and consistency in using it to accumulate bitcoin regularly can make you become successful in bitcoin investment However, you can have a higher discretionary income but if you are not consistent in your accumulation you won’t succeed.

So what really matters is not the amount of discretionary income you have what matters is your determination, patience and consistency.
Those with low discretionary income don’t feel you can’t achieve anything in your bitcoin journey just be consistent and have patience and you will get there, trust me.


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Karl_3000
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Today at 02:59:19 PM
 #2

But the higher you buy more bitcoin the higher the possibility of earning more passive money from the bitcoin that you are holding. Determination, patience and consistency are very important but not having intention to sell your bitcoin for a lomg time is very good and do not sell many in your entire life and let your children inherit them.

arzuo
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Today at 03:15:45 PM
 #3

In fact, the key is long-term 🗓️ investment and proper management of your income.
Proper management of income and expenses is to consistently invest regularly from what is left after your total monthly 💰income and expenses.
You can only make a consistent and comfortable investment when the investment comes from your remaining sources. (As advised by 🤔 Warren Buffett) So, investing in small amounts is a good method 🌱 and through this investors can learn patience and discipline.✅

SuperBitMan (OP)
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Today at 03:17:47 PM
 #4

But the higher you buy more bitcoin the higher the possibility of earning more passive money from the bitcoin that you are holding. Determination, patience and consistency are very important but not having intention to sell your bitcoin for a lomg time is very good and do not sell many in your entire life and let your children inherit them.

Yeah the higher you buy with huge amount of money the higher your chances of earning more from your investment in the future, however if you are not opportune to have a higher discretionary income all hope is not lost and that is were your determination, patience and consistency comes in to help you succeed too.
Yeah holding for a very long term is very important and if you can decide to leave it for your children as inheritance that’s better too.
The key message is for those with low discretionary income not to give up only because their discretionary income is small or low because their determination, patience and consistency can help them achieve it big in their bitcoin investment journey and again having higher discretionary income those not determine your success if you are not determined, patience and consistent in your accumulation journey you won’t succeed.
So whether high or low discretionary income what determines your success is your determination, patience and consistency, this is the message.


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FirmWars
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Today at 03:22:42 PM
 #5

I think the key word on this discussion is 'being consistent'. You as a person who have the intentions of making a certain figures in profit through Bitcoin holding, the amount of money you invest consistently will make your portfolio to continue growing. Even if your frequently invested amount is small, with consistent gathering of that amount every day or week just as you please, you can beat someone who is inconsistent in investing a huge amount ones in a while.

However, if two persons, one with higher discretionary income and another with lower discretionary income, are consistent on investing in Bitcoin, you know that both parties will be successful if there patience levels were the same too. If they were both consistent and along the line one decided to sell a large chunk, what is going to change is that, if they still sell when price of Bitcoin have reached their dream price is the difference in profit figures.
hmbdofficial
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Today at 03:33:47 PM
 #6

It’s all about consistency if I get you right, but the fact still remains that higher Discretionary income will definitely bring higher conversion overtime as compared to the lower Discretionary income. It’s not a do or die affair though.  Income varies!! It’s just for you to figure out what you can handle. If your income is very high, there high tendency that money that will be left after your settle your bill will be high as well compared to someone with low income.

Bitcoin  accumulation is not about how much you’re buying  at the moment actually if you’re using  the DCA strategy, but how far you’ve come with patience, perseverance and consistency in building your portfolio.
SquirrelJulietGarden
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Today at 04:07:50 PM
 #7

If you have low discretionary income or high discretionary income it those not really determine your success in bitcoin investment what determines your success is your determination, patience and consistency.
Success in your Bitcoin investment is defined by your investment ROI, not by total money you won from your investment.

If you invested $100 and years later like 4 or 5 years later, you get $100 in profit, you will have the same ROI with people who invested $100,000 and get $100,000 in profit. Two investments with different initial capitals, but have same ROI in the end so in my opinion the first investor did not invest worse than the second investor.

So smaller or bigger discretionary income for your investment is important for your ambitious investment target but not decide your investment success.

 
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pawanjain
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Today at 04:45:20 PM
 #8

But the higher you buy more bitcoin the higher the possibility of earning more passive money from the bitcoin that you are holding. Determination, patience and consistency are very important but not having intention to sell your bitcoin for a lomg time is very good and do not sell many in your entire life and let your children inherit them.

Always invest within your limits to live a peaceful life. Never borrow to invest is a general rule while investing.
One amount for a person can seem high but might look like a small amount to the other person.
There's no fixed amount that one has to invest and so it's wise to just keep investing the extra amount lying around.
Yes, we can try to save more by cutting down on expenses and then invest it in bitcoin but I don't think we should be going to extreme heights just to invest in bitcoin.

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Today at 05:48:50 PM
 #9

If you have low discretionary income or high discretionary income it those not really determine your success in bitcoin investment what determines your success is your determination, patience and consistency.
You may have a low discretionary income but your determination, patience and consistency in using it to accumulate bitcoin regularly can make you become successful in bitcoin investment However, you can have a higher discretionary income but if you are not consistent in your accumulation you won’t succeed.

So what really matters is not the amount of discretionary income you have what matters is your determination, patience and consistency.
Those with low discretionary income don’t feel you can’t achieve anything in your bitcoin journey just be consistent and have patience and you will get there, trust me.

For me I think that a discretionary income is just a discretionary income because what you might be seeing as a high discretionary income for yourself might be another person’s view of a low discretionary income so it doesn’t really matter weather low or high, as far as that amount is your discretionary income and you won’t be needing it anytime soon after investing then you are good to go for your long term investment. The good thing about bitcoin investment is that even if you don’t have a huge amount of cash it doesn’t mean you cannot start investing as you can start with even little amount of discretionary income available to you. What matters most is staying consistent in the game even with those little buy and hold and gradually you’re building a portfolio.

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