Hmm… you’re still not getting the point, all you need to start is that extra little money you can afford to lose which is your discretionary fund,
You have a very poor mindset of what it takes to successfully build and sustain a Bitcoin investment. First, you should adjust this mindset of investing what you can afford to lose because such mindset will only make you afraid of even investing in Bitcoin because you cannot intentionally put your money where you will lose it. There was a reason it was recommended to invest only discretionary income because that is the money you can keep
For someone who has a rich mindset of bitcoin investment and yet you don’t know what the phrase
“afford to lose” means. No one goes into investment expecting to lose, that’s not what I’m talking about or what the statement means; it only means your protecting your financial well-being and managing your risk. And I even added
which is your discretionary fund. Dude didn’t you see that? Or you’re trying to support what you don’t understand eh?
How are you a Senior member when you don’t understand this simple phrase ?
Discretionary income is not the amount of money an individual can afford to lose. Discretionary income is your total income minus your expenses for basic needs. It is from your discretionary income you are expected to make investment, set up emergency funds and still keep reserve funds if you want to. If you use your discretionary income carelessly, you will not be able to invest in Bitcoin and there are high chances of you running into debt because it simply means you will not have any other money after you have paid your bills that constitute your basic needs.
Your discretionary income is the money that you can afford to lose because you can use it to do whatever you like, and it wouldn't affect your lifestyle or make you run into debt. Why is it that if you use your discretionary income to invest in bitcoin, you wouldn't run into debt. Some people who are not investing into bitcoin are using their discretionary income to some cigarettes, gamble, womanize and club without having any problem in taking care of themselves. This is why you are advised to use such funds to invest into bitcoin because it will enable you hodli for a long period of time since you can survive without your discretionary income. Some people save their discretionary income in a bank over a long period of time so that they can use it to buy an expensive thing that they cannot buy once. It's better to put this money into bitcoin instead of the bank because inflation will eat up your fiat and it will lose value overtime.
I just want you to adjust your mindset of investing what you can afford to lose because that is not a good mindset for a serious-minded investor that want to take his Bitcoin accumulation seriously. Investing in Bitcoin is not trial by error business neither is it the same thing as gambling, hence it will be wrong to approach it with the mindset of gambling
What makes you feel that using the amount of money that you can afford to lose will make you not have a serious mindset of not taking your bitcoin accumulation serious. It's only a reminder that bitcoin investment is not 100 percent guaranteed to be safe. This will also make you not to depend solemnly one your bitcoin investment as the only hope for your future and will make you invest in other places that can generate funds for you at old age, so that if bitcoin goes against you, you will not end up in poverty and frustration and give up on life. The word has a lot of meaning that will caution an investor to invest wisely for a healthy and good cash inflow management and not because you are a gambler.