Low or high discretionary income in bitcoin investment.

[summonerrk]

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.

Every potential investor should be well aware of how much free funds they have left by the end of the month. He must know all the average values of his income and expenses, using either spending and earnings statistics from bank suspicion, or compile it manually in excel or special applications. Because it doesn't make sense to invest what will be withdrawn within a month to buy food or pay house bills. This is important to understand because you need to try to have extra income that allows you to absolutely firmly hold trading positions or accumulate in Bitcoin without withdrawing this asset from your invested turnover.

[SquirrelJulietGarden]

On the other hand though, if you are disciplined and playing the long game but don't have that much capital to invest which in this case is low discretionary income, you will hit ceiling very fast.
You will realize that your capital is not enough and investing little amount of money bits by bits is waste of time.

For maximum effect you need both high discretionary income and the discipline. If you are a rich guy, even better. You can invest and forget. Most people do this successfully.

Considering investment is long term, I don't think that investing with little amount of money gradually with time is a waste of time. If it is the best as you can do, it's the best for your bitcoin investment and accumulation. Even so, if through your experience, you actually feel that Bitcoin is a good investment asset, you will likely have bigger motivation over time to work harder in order to get bigger discretionary income.

It needs time for you to gain experience, get profit from your investment so that you won't satisfy with it and learn more, work harder and smarter for higher income. It's never bad to start small, as it can help you avoid big loss while give you experience with time, and adjust yourself, your investment strategy and practice so you will have better result than another investor who spend same capital like your do, but with only one purchase.

[Cryptoprincess101]

Discretionary income is born out of one's original income, so it depends on how much an investor earns and how much he spends that will determine the amount left in their discretionary income. Of course, low or high discretionary income does not determine the success of an investment, but it is good to have a high discretionary income because it will help you to meet your target on time instead of having a lower discretionary income where you will have to spend many years accumulating to achieve a sizeable amount in your portfolio. A high discretionary income is an advantage over low discretionary income because you will accumulate more bitcoins and still reach your target of accumulation and then focus on hodling for the long term. Consistency is the key to making a huge accumulation but the amount a low discretionary income will accumulate in 10 years, a high discretionary income can acquire it less than 5 years.

[Bigjoe33]

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.

Determination, patience and consistency as you mentioned plays a major role in our Bitcoin accumulation journey, but we can't completely take away the impact of your amount of accumulation or your Discretionary. Sure, someone might have enough discretionary but may not be serious or consistent with his accumulation, and at the end of the day may not amount to something tangible due to his unseriousness, while some investor who has little discretionary may be serious and consistent in his accumulation weekly or monthly, and at the same time gather something tangible if he continuous for a longer time frame .

But we won't forget about the investor who also has enough discretionary and also is seriously investing with all consistency weekly or monthly depending on his cash flow. Such a person will by every means by pass those who are consistent with little amounts. So, while we underscore the importance of consistency, we can't take away the effects of high discretionary income

[Cgrexp]

Not everyone has the same income. Some invest less money, while others have the ability to invest more. However, the benefits of Bitcoin are the same for everyone. Just because someone has invested more money, it is not that they are getting any special treatment from Bitcoin. Even if the amount of money between the person who invests $100 and the person who invests $1000 is more or less, the opportunities they get from Bitcoin are not more or less. However, who will benefit and who will lose out among these two people is not determined by the amount. Rather, they achieve their success through their planning, management, and consistency. Therefore, those who have been able to maintain consistency even after investing with a small amount of money have achieved success. On the other hand, many have the ability to invest a lot of money but have suffered due to not adopting the right strategy. Therefore, success in investment is not determined by the amount of money.

[AmaGold70]

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.

Well, in my own opinion, your discretionary income can equally play a major role if you follow the main principles of bitcoin investing. As a patient bitcoin investor, you can be rewarded both as a low investor or high investor, and if both investors are investing with thesame mindset, they will make profit, but investor with high discretionary income will likely make more profit.
What rewards Bitcoin investors most is patience, because short term investors are likely to miss the profit that bitcoin gives, regardless of the amount invested. Some investors, more especially the newbies think they can make profit from bitcoin within a short period of time, but investing in bitcoin is not like investing in ponzi scheme that promises short term profit, so weather you are investing with low or high discretionary income, what guarantees your profit is patience.

[Onyeeze]

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.

do you know that what causes some people to be impatient for investing in Bitcoin is not because the price of Bitcoin is getting decreases or there are afraid of Bitcoin to fall in price, for me I understand that one of the things that do make people to be afraid or panic when they invest in Bitcoin is when they use all the money they are supposed to sustain with, and invest in bitcoin, so they would become hopeless and that will make it into the impatient Bitcoin then invested in, so we are not supposed from what I understand to invest in Bitcoin with the money that we use to sustain our life that will make us to be afraid and not have a rest of mind when we invest, so investing with a small amount of money not you can be able to keep for long time, is what that will give you courage to make money from bitcoin..

[alastantiger]

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.

Making money from Bitcoin as an investor involves many qualities that not many people do have, just having money alone does not qualify you as an investor but having a large amount of money gives you an advantage over others and also increase your chances of making more profit if you are able to adapt the other qualities that real investors have which involves patience having the right strategy of investing and also taking advantage of the market volatility. Bitcoin investment does not have to do with you having a lot of cash but you have to also have patience with the market because this market is not a one-way market instead it's a market with many ups and down and if you are the type that can easily get influence by the market you are going to lose.

[Rockstarguy]

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.

Without discretionary income, there won't be a Bitcoin investment, but this is not enough. In Bitcoin investment, there are other factors that determine if the investment will be successful. Understanding Bitcoin is needed, and this will give you the real mentality of how an investor needs to think. There are so many people who have the privilege of having discretionary income, but still, they cannot achieve a successful investment because the main understanding of what Bitcoin is is not really there. Having the mentality of Bitcoin brings about patience, to HODL Bitcoin for the long term.

[Franklyn-wood]

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.

Every potential investor should be well aware of how much free funds they have left by the end of the month. He must know all the average values of his income and expenses, using either spending and earnings statistics from bank suspicion, or compile it manually in excel or special applications. Because it doesn't make sense to invest what will be withdrawn within a month to buy food or pay house bills. This is important to understand because you need to try to have extra income that allows you to absolutely firmly hold trading positions or accumulate in Bitcoin without withdrawing this asset from your invested turnover.

We feel like everyone should be involved in Bitcoin investment, but the truth is that all are called but few are enjoying, which means that many are willing to participate in Bitcoin investment but don't have the funds to achieve this, some are saying it's a scam, while others have the funds and are investigating hugely in it. Out of all this the one that benefits more is the person that have patience to wait longer and let's his funds grow to an harvesting stage before harvesting.
Let's all be determined to make more investment that we have been doing, because very soonit will pay off.

[Bitcoin.com97]

High discretionary income also help one accumulation journey, but in all you see that consistency and been determined is the goal , been consistent helps your accumulation journey, consistency is the key to so many successful investor, and the amount you invest also plays a big role in the growth of your journey and lastly determination , if one is not determined them the journey won’t be easy and smooth , all these are attributes to a successful investment journey.

[Botnake]

With bitcoin, you don't just invest your money, but you also invest high tolerance for volatility, long-term patience and deep emotional discipline. Regardless of your amount of capital, if you fail on these aspects, success will often be compromised. And that could even lead you to financial loss, if you stay investing blindly.

High or low discretionary income, profits aren't guaranteed. Success depends more on mental fortitude rather than technical expertise.

[Faisal2202]

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.

You are right, but capital matters the most. If I have a high discretionary income, let's say 2k dollars, and I invest all of it into Bitcoin, while someone else only has 200 dollars, then they would need to DCA consistently with strong determination. By the time they invest a total of 2k, I might already have accumulated much more, which can be difficult to match even with discipline alone.

Although holding after buying is also difficult. For example, as a high earner I might sell some BTC early to buy something because I know I can easily buy that amount back again with my future income.

But people who save and invest slowly over a long period usually hesitate more before selling, and honestly they should avoid selling for small expenses because eventually the effort and patience are what pay off. In the end, what matters most is that we stay profitable over the long term.

[Hardyrobust]

The amount of discretionary income that is available for investing in bitcoin may not determine the level of success. The most important thing is how consistent the investor is in accumulating bitcoin. However, this doesn't mean that we shouldn't work towards increasing our cash flow for those with low discretionary income because when compared to those to those that have high discretionary income and are consistent in accumulating bitcoin. It will be more easier for them to build or reach over accumulation phase when compared to someone with low discretionary income.

[Shineup]

High discretionary income also help one accumulation journey, but in all you see that consistency and been determined is the goal , been consistent helps your accumulation journey, consistency is the key to so many successful investor, and the amount you invest also plays a big role in the growth of your journey and lastly determination , if one is not determined them the journey won’t be easy and smooth , all these are attributes to a successful investment journey.

Having a high discretionary income is one thing while using large part of the discretionary income to buy Bitcoin is another big deal too, most people that have big discretionary income may likely not be investing in Bitcoin in a big way, they can be spending most of their discretionary income in other things,  having a high discretionary income and using a sizeable part of it to buy Bitcoin is what facilitate one investment journey compared using a low discretionary income, there is a different between having a high or low discretionary income and using a high or low discretionary income in ones Bitcoin investment, some people have high discretionary income but end up using a low discretionary income to buy Bitcoin though in all of this consistency is the key provided that you are buying Bitcoin frequently.

[PhilosopherKing]

But high discretionary income still make person to have more leverage than person with small discretionary income. Because the person with plenty discretionary income will take shorter time to have a good number of bitcoin stash. Somebody that is investing roughly about $700 every week will naturally accumulate faster than person that is ongoingly investing with $15.

Consistency is still what is important because when person with plenty discretionary income is not consistent his bitcoin stash will hardly grow.

[Sonia_123]

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.

Regularly persistently and consistently accumulation of bitcoin without selling at any point in time in whatever situation you find yourself remains the key success to Bitcoin accumulation, you might be patience but without these attributes with either low or high discretionary income still finds it difficult to get to your over accumulation stage.

[Fivestar4everMVP]

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.

I agree with you for sure, but what if I have high discretionary income (as you put it) and still very consistent and patient in investing the money in bitcoin? Won't I succeed even better than the person with low discretionary income who is also consistent and patient in investing the money in bitcoin?

It is very important that we stop undermining the importants and power money has when if comes to we investing to make more money, it is often said that the rich keeps getting richer, it's not because they work harder than the poor man, but simply because their money opens them up to new opportunities that if they invest money on, they will make more money in return.

It is not only poor people that practice patients and consistency, infact, the rich also does and even does it better, but then, I understand perfectly that the poor man who wishes or wants to succeed must not look down upon himself, he must start somewhere with what ever amount of money he has, but the reality is that the higher their capital is, the better.