Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
ginsan
on 11/02/2025, 21:16:00 UTC
⭐ Merited by JayJuanGee (1)
Not withdrawing from the investment should be the goal,  but  it does not  need to delay getting started and buying your first $10 of bitcoin, especially if you figure out that you have $10 available. You were considering to buy $10 worth of cigarettes to smoke over the next two weeks, but instead of buying the $10 in cigarettes, you decide to not smoke for the next two weeks and buy $10 worth of bitcoin.  What is wrong with that?  It is a trade off. You already had the $10 that you were going to use for cigarettes, but you change your mind. It is not like the cigarettes were needed.. they were optional. .they were discretionary.. So instead of using the discretionary income for cigarettes, you decided to buy bitcoin with it... That means that it was extra money that was beyond your needs for expenses..at least in regards to that initial $10.   Sure, for next week you might have to figure out if you have any discretionary income, but at least you got started with your first $10 and you are going to have to figure out whether and/or the extent to which you continue to have discretionary income that you are able to continue to buy bitcoin on a weekly basis (or whatever other determinations you might subsequently make regarding additional bitcoin purchases, if any?).
Yes sir, sometimes it is the best decision to stop the habit of wasting money to be able to buy Bitcoin. Many people misuse discretionary income and that includes me in the past because in 2019 I often spent $300 of discretionary income just to gamble, I thought that gambling could increase my income because I could win but all that was the biggest mistake and I realized it when my money ran out in gambling.

When I think long term of course I have to use discretionary income for my future and one of them is choosing to invest in bitcoin. It is true that sometimes gloomy times lead us in a better direction if we can think and reflect on what we have done before.

Honestly, discretionary income is my first step in choosing to invest in bitcoin, also with side income/bonuses I can increase purchases more aggressively at several stages.

With our routine, when we look at the portfolio of course the pile of bitcoin investments has increased because of our routine in buying bitcoin every week.
So I agree with you, wasting money should be stopped because it is only for a moment and has no benefit for us, so it is better to invest discretionary income in bitcoin.