Quote from: ginsan on Today at 06:23:33 PM

Quote from: Olatundespo on Today at 05:23:58 PM

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For investment sustainability, a fixed income is needed, which is called discretionary income.

What you said is not true, ginsan.

discretionary income is any amount of money that you still have after you pay your expenses.

Discretionary income does not need to be fixed or stable.

Sure, it is helpful to have stable and/or fixed income but it is not necessary.

If you say that a person needs fixed and/or stable income in order to buy bitcoin, you are adding an additional condition that is not necessary even if it might be helpful.

It is like saying that I need to have $100 every week to invest in bitcoin, and if I only have $50 this week or some weeks I have $10 and other weeks I have $200, and some weeks I do not have any, and the punchline is that there is a lot of variance in my discretionary income, yet I still can invest in bitcoin, even if those amounts and/or those frequencies are not known in advance.

Quote from: ginsan on Today at 06:23:33 PM

That way you can buy btc with discretionary money after you distribute your income for one month's needs later. Actually, investment is not complicated by having to think about this or that because the investment journey only requires a stable cash flow every month.

You are repeating the idea that a stable income is necessary, which is not correct.

Quote from: ginsan on Today at 06:23:33 PM

If we burden ourselves with investment, then we will not be ready with our mentality because if we keep thinking about it, I am sure the investment journey will not be consistent. I think the main thing that beginners should think about is a stable budget that they must set aside from their main income, for example 10% is allocated routinely every month for the next 5 years to buy bitcoin. If he can do it, then he can buy bitcoin with a DCA strategy every week for the next 5 years.

You are correct that it is a good idea for any beginner to shoot for buying bitcoin every week, including buying weekly for 4-10 years or more, yet even if the guy does not have a steady income, he can still buy bitcoin and work on trying to get income, even if every week he is not able to buy bitcoin.

I personally prefer to try to structure my bitcoin buys (especially when I was in the beginning of my investing into bitcoin) to be able to buy bitcoin every week because it is good to reinforce the commitment and also the financial impact of buying every week is likely to be greater when it is reinforced every week, yet there still could be some cases in which buying more frequently or even buying less frequently might make more sense, including that the income and/or expenses could be so inconsistent or even difficult to figure out in advance, yet a person can still invest into bitcoin even when discretionary income varies and/or is inconsistent.

Quote from: ginsan on Today at 06:23:33 PM

Generally, consistent investment consists of cash flow, our consistency in buying Bitcoin and our strong mentality to hold. That's all that must be instilled in beginners.

Sure beginners can instill good habits, yet they can also work within the terms of their own conditions, and surely they may well have better results if they are able to establish strong cashflow management, as well as back up funds along with their consistently, persistently, ongoingly, regularly and perhaps even aggressively buying bitcoin, yet they do not have to have any of those matters set up in advance, and they can work on improving them while they are investing into bitcoin, perhaps weekly or whatever periodic basis works for their situation. We do not want the perfect to become the enemy of the good.

Quote from: BITCOIN4X on Today at 06:30:08 PM

Quote from: Olatundespo on Today at 05:23:58 PM

Quote from: Gost ms on Today at 04:35:51 AM

~Snip

Especially in Bitcoin investing, it is more important to have the right amount of cash flow to be aggressive regardless of the price. You should keep yourself motivated to save equally during dips or bullish times. Waiting for a market downturn will reduce the amount of floating cash and this may not be desirable for any investor. Being aggressive during a downturn is good if you are able to truly understand that it is indeed a recession. It may be that the price will go down further. Some investors actually make the mistake of waiting for the price to dip for a lump sum buy instead of continuing to save and regret it when the price drops further. Regular Bitcoin accumulation having a proper management of floating/emergency funds is where an investor wants to develop his mindset without any outside intervention.

It all depends on what your plans are and your financial balance. If you can save 20% of your monthly income, then you can invest or accumulate 10% of it. The best approach in this case has been said a thousand times, it is DCA instead of buying all at once. There's nothing wrong with buying all at once as long as you buy when prices down or any price, but DCA can make you calmer when the decline continues. You can do DCA next month when you have another 10%, that means your accumulation cycle between month to month.

What you are saying is a bit confusing BITCOIN4X.

Maybe you need to provide an example?

maybe you are saying that if you have a monthly income of $1k and you have expenses of $800, then you would have $200 (or 20%) left over, so from that $200k, you can choose to use half of it, such as $100 per month or perhaps around $25 per week to buy bitcoin... and yeah, you don't have to buy weekly, you could choose to buy monthly, since maybe you are not exactly sure about your income and your expenses each month, yet once they are resolved, then you can buy bitcoin at the point of figuring out how much you have left after resolving all of your expenses.

Quote from: Justbillywitt on Today at 06:34:59 PM

Quote from: Futurexxx on May 26, 2025, 01:45:25 PM

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I think in this case they were talking about health ground. There are some health challenges that will come your way, that is capable of consuming your entire life savings and you will still sell properties and borrow money just to save a life. In scenarios like this, you will find out that your saving that's supposed to sustain you for 3 months kept in your emergency funds and reserved funds won't be enough to carter for the financial burden needed to restore the health of the sick patient. So it is not paper stamped that emergency funds that is capable of sustaining you for 3 months will be enough to handle all the challenges that might come your way. And health ground is valid reason that can make an investor dip hands in their investment in order to save a life.

Health or age can be reasons to deplete your bitcoin investment, and frequently we are talking about health reasons of the investor not someone else, since the health of the investor contributes to an inability to earn income and extra expenses, and sure there could be any reason that expenses go higher than expected and even the health of another person could interfere with the investor's ability to earn an income and to pay for all monthly expenses that include all the basics of food, lodging and utilities, but also there could be extra expenses that come from the health condition of the investor or perhaps an immediate family member over whom the investor is financially responsible.