Quote from: Churchillvv on February 08, 2025, 10:16:41 PM

Quote from: JayJuanGee on February 08, 2025, 01:56:24 AM

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You are largely spoiled if you do not have expenses. So all (or very close to all) of the income that you get is discretionary income. In normal circumstances, you have to account for your expenses first, and whatever is left after you have accounted for expenses is discretionary income.

Hahaha.... Perhaps we would say I'm really spoiled but seems I'm even more hard working than one might think. Of course it seems I'm a bit spoiled because I still depends on parents which makes me stands more chance to accumulate more bitcoin as you have said almost all my money might be considered discretionary income yet I'm only on the advantage to grasp more bitcoin than folks my age as guys my age would rather want to live a more lavish lifestyle but I chose a different pattern which is to use my discretionary income as you called it to buy more bitcoin oin and hold.
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Yes. You are in a fortunate situation to have discretionary income, and it seems that you may be making good choices to be investing much of your discretionary income into bitcoin to an amount that you believe is good for you and your future. There are a lot of folks who fail/refuse to save/invest, and they get caught up upon wasteful consumption, including buying a new car or a new motorcycle when they could well have had done better with a used one and saved their money, then sometimes those guys will end up suffering more at a later date based on consumption choices that they made earlier that involved failing/refusing to invest and overly occupied by consumption.

I have had plenty of folks proclaim that I am lucky and undeserving of my current financial status, but I made choices that involved investing into bitcoin and continuing to invest into it (or at least HODL it) during times in which many folks were calling me dumb and suggesting that I sell my bitcoin, and almost all of them failed/refused to buy any bitcoin during times that my BTC holdings were either in the negative or in periods of price decline.

The many years of investing into BTC and/or HODLing caused me to have way more cash cushion than any of those who were suggesting that I should not be investing into bitcoin, and so in recent times, many of them are struggling in various ways financially.. which also has negative psychological (and perhaps even health?) consequences to have those kinds of financial stresses... which could have had been resolved (and/or dampened) by even modest levels of investing into bitcoin, and it was not like I was not suggesting that they should invest into bitcoin, and maybe even just small parts of their income that they would not necessarily miss to have had put away into bitcoin.

Since you are seeming to be a young-ish person, hopefully you are also going to be able to spend time learning college and/or job skills...and perhaps you might not need your job skills after a while if you are able to manage your bitcoin holdings well, once you reached some high enough levels of bitcoin that you are able to start to live off of your bitcoin... even if that might still take some time to continue to build up to such a point that your bitcoin holdings becomes a high enough level that it is sustainable for you, even if you might start to withdraw from it....and that might take you a couple cycles to reach such levels...depending on your circumstances and perhaps your ongoing building and/or management of your BTC stash through the coming years - hoping that you don't screw up too much and/or in too many ways.

Quote from: bestcandy on Today at 09:06:26 AM

Quote from: JayJuanGee on February 08, 2025, 07:37:38 PM

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I like the contribution that you people are making here especially the contribution of Sir JJG in regard to young people. However, young people especially those they don't have good career are face with so many challenges that requires smartness, determination and resources to train themselves and acquire skills and knowledge that will enable them to be able to get some income. But one of the problem some young people are having is that they undermine the power of little begining, they want to make it big before thinking investment without knowing that they can start making discret investment in Bitcoin by DCA with the little resources they have and by so doing with good planning, patience and consistency they will possibly have good starch of Bitcoin in the future that will give them good income.

Of course, young people have challenges to invest and continue to invest, and sometimes they might get distracted into withdrawing too much too soon from their investment, yet if they are young they can still have time to make up for some of their mistakes. Young people also have challenges in terms of training themselves for the workforce or figuring out where they might fit within some kinds of work that they might feel is personally satisfying and/or financially remunerating. If young people are able to find work that relates to bitcoin, then they might be in a better position to get satisfaction from their work and to be able to invest in bitcoin at the same time.

Quote from: Z_MBFM on Today at 10:35:38 AM

Quote from: bestcandy on Today at 09:06:26 AM

I like the contribution that you people are making here especially the contribution of Sir JJG in regard to young people. However, young people especially those they don't have good career are face with so many challenges that requires smartness, determination and resources to train themselves and acquire skills and knowledge that will enable them to be able to get some income. But one of the problem some young people are having is that they undermine the power of little begining, they want to make it big before thinking investment without knowing that they can start making discret investment in Bitcoin by DCA with the little resources they have and by so doing with good planning, patience and consistency they will possibly have good starch of Bitcoin in the future that will give them good income.

I don't know how much you read the post you quoted before posting this. It's true that JJG spends a lot of time on this topic and posts a lot of helpful stuff, but everyone needs to have the desire, interest and patience to understand what he's trying to convey.

Crypto can change the lives of many. I can tell you from my own example that I have been with Bitcoin and the entire crypto world for almost 7 years. Although I came to this forum later, I have gained a lot from crypto, money, knowledge, and respect. Because with the money I have earned from crypto, my daily expenses run very well and I can use expensive things, due to which people in society respect me. And all this has been possible through buying and selling crypto at the right time. You always have to make your own efforts to research the market. Some people can give you some advice for a while, but you have to fight your life's battle yourself. And to get something good, you have to create different strategies. We all know that if you buy a coin at Dip and sell it at a higher price, you can profit from it. But how many people know which price is best Dip price

We are not talking about crypto (shitcoins) in this thread, and we are also not talking about trading in this thread. Some guys get mislead by the title of the thread to think that we are talking about trading, when really we are talking about investing.. which is different from trading (gambling).

Bitcoin is an investment and not a trade, and it is not a shitcoin, either so we need not talk about shitcoins when we are talking about bitcoin. Anyone in their earliest years of accumulating bitcoin should be focusing on just buying bitcoin through DCA, lump sum and buying on dips... those are the three ways to accumulate bitcoin. Trading (or selling) is not a good way to accumulate bitcoin, since if you sell you have less bitcoin and then you take the risk of having even less bitcoin if the BTC price does not end up going down. So buying BTC on an ongoing, persistent, consistent, regular and perhaps even regular basis is the best way to assure that you are continuing to grow your bitcoin stash while you are still in your accumulation journey. Once you get to a status of overaccumuation then at that point you might consider selling, but that could take 4-10 years or longer depending on how much a person is able to invest in bitcoin and/or if a person is able to front load his bitcoin investment.