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. Is like you are a bit confuse here buddy, you said that discretionary income is not a money you can afford to lose, if that's the case, then what is discretionary income?
Because in still your writing, you said that discretionary income is the money left after your basic needs have been taken care of, which is very true, in Bitcoin investment it is always advisable to invest with an amount you are willing to lose, and it's only your discretionary income you can afford to lose, that is why it's recommended when you want to invest in Bitcoin, so am surprised by your statement that discretionary income is not a money you can afford to lose.
When we are referring to an amount of money that a person "can afford to lose," there is a psychological component.
Of course, a person could invest up to 100% of their discretionary income into bitcoin, yet if they make mistakes and they have no money left, then they might accidentally use money that they need for their expenses, so there can be dangers in using 100% of your discretionary income for investing in bitcoin.
There also could be things that guys want to do, or even need to do on a social level, so there can sometimes be intangibles or even reasons beyond bare basic needs that a person might still decide to spend money on various wants... consumption rather than investment.
Guys can learn how to invest aggressively or whimpily, and those are subjective choices, and likely the guy needs to keep in mind that he could lose the money invested in bitcoin based on execution risk kinds of reasons or maybe in terms of problems with the protocol or various attacks on it that could be successful or cause it's value/price to go down. The fact that bitcoin is not guaranteed should be understood, yet at the same time, guys may well recognize that bitcoin is a very good asymmetrical bet to the upside.
So as long as they don't engaged in leverage, then the most that they could lose is 100% of the amount put into it, but there are also a variety of scenarios in which his value put into bitcoin could go up small amounts or multiples of times, or magnitudes or even 1,000x or more . There can be considerations about size of the bet (or how much to put in) based on current values of money and various ways a person might want to invest besides only investing into bitcoin. There is a lot of asymmetry in the information, which is also part of the explanation why some folks have received a lot of payoff from bitcoin, and others did not spend time to learn about bitcoin in order to invest into it in some reasonable way. We are not necessarily going to see the world the same, and so actions will be different, and also consequences from actions will not be the same, either. People live with consequences of action or failing to act and also in regards to how the managed their bitcoin, and managed their finances and psychology.