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Edited on 03/05/2025, 19:43:48 UTC
Quote from: Felicity_Tide on May 03, 2025, 07:04:04 PM
Quote from: JayJuanGee on May 03, 2025, 06:35:36 PM
Quote from: Felicity_Tide on May 03, 2025, 09:12:22 AM
Having a source of income is not even negotiable. And not just a regular source of income, having a good one also gives you a better chance of accumulating more fractions, setting aside your emergency funds(if you probably haven't done that from day one), and also setting aside your basic needs as well.

You do not need to have a steady job in order to invest into bitcoin.

You do need discretionary income, though...so hopefully anyone is investing into bitcoin from their discretionary income and/or their savings.. not from money that they need for expenses... and hopefully their investment timeline is 4-10 years or longer, since bitcoin is better as an investment rather than as an attempt to trade it.

Yeah, I get the fact,
Discretionary income happens to be the main concept, but I was wondering, where does the discretionary income comes from?, i guess it comes from the main income.

Don't you think that if an investor can increase his or her income, it might also affect the discretionary income positively(at least to some extent), which also helps in getting more fractions?.

And a quick questionYea of course, I feel I have being quite obsessed with accumulating in fractions consistently, rather than the DCA. Tryingit's good that as you are on your bitcoin accumulation journey that you look for other means to accumulateincrease your income in fraction has been quite fun though, since I sometimes haveorder for you to spend more than usual, or spend less than usual due to price difference. Doalso increase your DCA amount so that you thinkcan buy more bitcoin so that this approach is quite aggressive?you can reach your bitcoin target faster.

Quote from: Felicity_Tide on May 03, 2025, 07:04:04 PM
And a quick question, I feel I have being quite obsessed with accumulating in fractions consistently, rather than the DCA. Trying to accumulate in fraction has been quite fun though, since I sometimes have to spend more than usual, or spend less than usual due to price difference.

Accumulating in fraction consistently is also the same thing as DCA, it does not mean if you bu it weekly, biweekly or monthly. what really matters is that you buy whenever you have your discretionary income to do that. Yeah, it's fun when you're buying consistently and persistently because you watch your bitcoin portfolio grow gradually.

If you are using the same amount to DCA regularly weekly, definitely there must be a difference  in the quantity of bitcoin that you are buying. Also, due to your weekly expenses and needs varies from time to time. Sometimes, you might spend more on your monthly needs and sometimes lesser.

Quote from: Felicity_Tide on May 03, 2025, 07:04:04 PM
Do you think that this approach is quite aggressive?.

Your approach will be aggressive if you are using almost 80% of your discretionary income or spare cash to buy bitcoin. For instance, if your discretionary income is $50 and you are buying consistently like you mentioned with $40. It means that you are buying aggressively, but if you are only investing with an amount below $30 is not buying aggressive.
Original archived Re: Buy Buy Buy or Sell Sell Sell?
Scraped on 03/05/2025, 19:13:46 UTC
Quote from: Felicity_Tide on May 03, 2025, 07:04:04 PM
Quote from: JayJuanGee on May 03, 2025, 06:35:36 PM
Quote from: Felicity_Tide on May 03, 2025, 09:12:22 AM
Having a source of income is not even negotiable. And not just a regular source of income, having a good one also gives you a better chance of accumulating more fractions, setting aside your emergency funds(if you probably haven't done that from day one), and also setting aside your basic needs as well.

You do not need to have a steady job in order to invest into bitcoin.

You do need discretionary income, though...so hopefully anyone is investing into bitcoin from their discretionary income and/or their savings.. not from money that they need for expenses... and hopefully their investment timeline is 4-10 years or longer, since bitcoin is better as an investment rather than as an attempt to trade it.

Yeah, I get the fact,
Discretionary income happens to be the main concept, but I was wondering, where does the discretionary income comes from?, i guess it comes from the main income.

Don't you think that if an investor can increase his or her income, it might also affect the discretionary income positively(at least to some extent), which also helps in getting more fractions?.

And a quick question, I feel I have being quite obsessed with accumulating in fractions consistently, rather than the DCA. Trying to accumulate in fraction has been quite fun though, since I sometimes have to spend more than usual, or spend less than usual due to price difference. Do you think that this approach is quite aggressive?.
Accumulating in fraction consistently is also the same thing as DCA, it does not mean if you bu it weekly, biweekly or monthly. what really matters is that you buy whenever you have your discretionary income to do that. Yeah, it's fun when you're buying consistently and persistently because you watch your bitcoin portfolio grow gradually.

If you are using the same amount to DCA regularly weekly, definitely there must be a difference  in the quantity of bitcoin that you are buying