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.
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.
It seems you are a bit confused here
, Discretionary income and the money you can afford to loss mean the same thing if you are investing with the money you can't afford to loss you are gambling so as Discretionary income too, if you are not investing from your discretionary income you are equally gambling so i will say IceLincoln is right if he refers Discretionary income as money you can afford to loss.
Bitcoin is a long time investment so when investing let's use money we can let go .