I think that if you are investing amounts that you can afford to lose, then by definition that is within discretionary income - since if you are using some amount that you need for your expenses, that is no longer discretionary income and it is no longer an amount that you can afford to lose.

Surely, some guys might mix up the categories and they might even make mistakes and speculate that they are using discretionary income when they really are using their expenses money.. that they need in 3-12 months or some time in the future, but they think that they can just take their chances with bitcoin to increase that money... or at least not lose it.. and that ends up practically playing out as a kind of gamble rather than a trade.

If we might attempt to conceptualize any money that we put into bitcoin to be money that we are not likely to need for 4-10 years or longer, then surely that kinds of conceptualization should help us to frame the timeline that we won't be needing the money to be 4-10 years or longer.. and I have even said several times that the only reason that the framing of the timeline might be less than 10 years  would be based on age and/or health considerations.. otherwise the thinking may well be best considered as 10 years of longer, then in that sense you are not using money that you need for expenses and you are not considering that you are need ing  the money in the next 10 years and maybe even longer and so that should help somewhat with emotions in regards to considering current prices and perhaps even help to motivate guys to just keep stacking away their bitcoin no matter the price for at least a whole cycle or two or more.



Yes... hopefully we are taking safeguards with our coins, and we are not using 3rd parties that are completely unknown.. and perhaps we are making sure that we regularly are withdrawing from exchanges and putting into our own private wallets, yet at the same time, beginners may need some time, perhaps 6-12 months or more to learn about wallets, especially if some beginners might also be busy in other areas of their lives and they are also spending their early times in bitcoin just learning how to get comfortable investing into bitcoin whether it is $100 per week, $10 per week or some other amount.


You seem to be describing discretionary income differently than what I am used to, especially since discretionary income is that money that is left over after expenses.. but at the same time within discretionary income, there may be various kinds of things that a guy might want to do on a regular basis.

For example. a guy might:
earn $900 to $2.7k per month with an average around $1,600 per month,
 
his expenses might be $1,100 to $1,500 per month with an average of $1,200,

so his discretionary income varies between -$600 and +$1,600... and the average is that he usually has around $400 per month of discretionary income. 

The guy likely has to completly keep back up funds for the months in which his income is $600 less than his expenses, and even if he prioritizes investing into bitcoin, and he wants to tryto invest $50 per week into bitcoin no matter what, he may well have to make sure that he has enough cushion funds for that.  He also might like to spend around $100 per month on various recreation activities that he has, and he consisders these activities to be important to his psychological and/or social health, even though they are optional.

The guy can budget within his discretionary income if he chooses to invest more than $50 per week into bitcoin, especially during months that he has more income.. yet he still might need to take some time to build up his emergency funds and/or otherkind of back up funds, and surely his emergency funds for three months minimum would not be built based on the average or the minimum expenses, but instead build upon the maximum expenses. so his emergency fund should be at least in the $4,500 territory, even though he does not need to build such emergency fund prior to investing into bitcoin and he can build his bitcoin investment up while he is building up his emergency funds and any other back up funds that he might choose to build up and/or keep.


I am not sure what you mean by ongoing, but you seem to be creating a requirement that does not exist, since investors into bitcoin can do whatever they like in terms of their making bitcoin purchases.

Sure, it may tend to be the case that a lot of folks are best off to be investing into bitcoin every single week from their income, yet people may not necessarily have income and/or expenses and/or even life activities that make it feasible to invest on a regular basis such as every week, so they can just invest into bitcoin from time to time when they conclude that they have enough discretionary income that they are able to put some of it into bitcoin.

We cannot necessarily put requirements on them that they have to have a steady income or that they have to invest every week, otherwise they should not be investing into bitcoin.. since there is no such requirement that they have to have a steady income, and they might invest sporadically into bitcoin and/or they might not follow any kind of a typical pattern of buying bitcoin.


Of course, many of us suggest that if the person does not have at least a 4-10 year investment timeline, then he is trading rather than investing, so I will agree with that part.  I don't recommend trading and/or gambling with bitcoin, even though some folks might find themselves inclined towards some kind of a shorter timeline of less than 4 years.


 Many times we talk about an investor's level of commitment as being on a spectrum of being whimpy or being aggressive, and so there can be various levels in between and there can be extremes.

People make the choices in regards to where they are going to be in terms of their approach to bitcoin, and some investors who had been fairly whimpy in regards to their bitcoin investment approach had still ended up doing quite well with their bitcoin investment which also leads many of us to recognize that it is better to get at least some bitcoin and to get off zero in order to not be a low coiner, an surely anyone investing into bitcoin has the right to choose whatever level of whimpiness or aggressiveness that they choose to carry out... and surely whimpy investors have likely regretted that they had not been more aggressive, yet we cannot turn back the clock, so guys have to live with the consequences of their chosen levels of aggressiveness.


I agree with everything you said Ruttoshi, except level of aggressiveness is how much we choose to invest from our discretionary income, and not how much discretionary income that we have.

Sure a rich person can afford to invest more, but he is not necessarily being more aggressive merely because he is investing more.

Let's say that a poor person has a discretionary income of right around $20 per week and he invests $15 per week into bitcoin, so he is investing 75% of his discretionary income into bitcoin.  That is pretty aggressive.

Let's say that a rich person has a weekly discretionary income of around $2k per week, and he invests $120 into bitcoin (which would be 6% of his discretionary income).. which is pretty whimpy, and even arguably way more whimpy than the poor person, even though he is investing  right around 8x more than the poor person.