Quote from: Silikiem on Today at 02:18:36 PM

Quote from: JayJuanGee on July 12, 2025, 09:06:15 PM

I agree that bitcoin is for everyone and anyone, yet there is a need for a discretionary income or an ability to grow a discretionary income in the cases that a person does not already have a discretionary income.

These matters of income inequality are not easy to overcome for some folks it is more challenging than others, and surely the poor people have to have fewer mistakes and to be more organized than the more well-off people, and so I am not going to proclaim that all poor people are responsible for their own situation, even though there could be some avenues for some of them to grow out of their predicament.

You may well be correct that some poor people are very irresponsible with their money and they have bad habits and bad money habits, which may well be true, and the direction out of their own bad habits and bad mindset is also not necessarily clear since even a poor person who is truly inclined towards the employment of good habits might not always know how to attack their various problems in such a way that will help them to rise into a higher income and/or social status, which will help them to get higher income or even to be in circles of folks with better information, and surely in a forum like this there are possibilities to be exposed to better information, yet there still are needs for people to learn from the information and act upon the information in a way that makes sense to themselves and their own circumstances, even if they might still need to unlearn some bad habits that they don't realize that they need to unlearn.

So true and i also believe that being poor is just a mindset of people who thinks they are not financially capable to invest in bitcoin because of the perspective they have in bitcoin investment. Most folks believes they don’t have what it takes to venture into bitcoin investment financially, but deep down they really do have the financial ability to do so. Not that this people don’t have the discretionary income to start investing in bitcoin but they feel the income is not enough for bitcoin investment and at such most folks who are in this category tends to hold this said money with them with a mindset that they are saving for a more higher income to be able to start investing in bitcoin, where as they can easily purchase a little fraction of bitcoin from it and hold until when they are also able to figure out another discretionary income and purchase from it also and hold gradually. The easiest way to become poor is having money, no matter how small or huge and keeping it with you without investing it, especially in bitcoin investment because here you don’t need very huge amounts of money to start investing in bitcoin, just a discretionary income and you’re good to go. So I think that once this category of people are able to overcome this kind of feeling about bitcoin investment they will be able to grow out of their predicament.

All a person needs is discretionary funds in order to get started investing in bitcoin, yet they likely need to continue to make sure that they have discretionary income to keep buying bitcoin, so there can be a lot of learning and organizing to keep the bitcoin investment going, especially if a person is considering their investment into bitcoin to be 4-10 years or longer.

There are some folks who merely have small amounts of discretionary income that comes from their work, and they might attempt to determine a DCA amount to do from there, and maybe even establish a regular DCA amount. At the same time, even those folks might from time to time haver extra money come in so that they then are left to determine the extent to which buying larger chunks right away and/or whether buying on dips might be feasible for them to attempt to structure into their practices.

There are other folks with already existing investments, so when they start to invest in bitcoin they may need to determine the extent to keep investing into other investments or to use some or all of the resources of the other investments to put into bitcoin. The answers to these kinds of questions are not obvious, even though many of us recognize bitcoin as amongst the best, if not the best place to put value... so there is value in creating and following through with aggressive practices to invest into bitcoin.. .and the more aggressive a person wants to be in their bitcoin investment, then the more organized they need to be in regards to assuring they are investing into bitcoin within the bounds of their discretionary income.

Quote from: Jostern on Today at 04:56:16 PM

Quote from: JayJuanGee on Today at 02:07:49 AM

Quote from: Solodoski on Today at 01:54:11 AM

[edited out]

Sure there are people like that, but who fucking cares? There are also people who have to work quite hard to even be able to have some discretionary income, and yeah, there could be areas where they waste money or maybe they can figure out ways to earn more money, but at the same time, they are workign with what they have, and there are likely a lot of circumstances in which guys are having quite difficulties to consistently come up with some weekly amount of bitcoin that they can buy, and yeah, youa re right that there are certain kinds of consumption goods that seem like recreation that might be able to be cut, but it also can be difficult to know with any exactness about the conditions of others, and each of us has to figure out our own particulars including if we are investing into bitcoin for a while, might there be some areas in which we can improve what we are doing in terms of how much we are putting into bitcoin and how well we might be dealing with our cashflow management systems.

How about you, Solodoski, you have been registered on the forum for nearly 1.5 years, have you been accumulating bitcoin and shoring up your cashflow management systems/practices in the past 1.5 years?

What you’ve said I share your thoughts you’re right , first of all before we start thinking about starting an investment in bitcoin it is always wise to consider availability of discretionary funds because that is where we’re required to invest and accumulate Bitcoin, just like us who are newbies and pleb who starting our investment it’s very necessary to also consider our financial situation, because sometimes we might be accumulating with a survival plan, because you might find out that there are people who are struggling to get by with the little they’re earning but still find themselves investing and accumulating bitcoin, because they have the mindset of never giving up on the project of building a Bitcoin portfolio, while you will also learn that there are folks and guys who are investing in Bitcoin that are investing in Bitcoin and would say they are struggling to keep up with there level of steady accumulation which they say they find it difficult to buy and accumulate bitcoin because of bad financial management which they can’t do without some certain lifestyle, that is where this people have misplaced priorities in life, because there are individuals who are ready to adjust to life just because they want to accumulate bitcoin to enable them accumulate more bitcoin, and you find another fellow who have a good amount of discretionary money to buy bitcoin but they can’t adjust to their lifestyle to enable them buy more bitcoin, that is allowed to be called people who doesn’t have buying Bitcoin as a priority. Everyone have there own decisions to make in terms of personal decisions that will help them accumulate Bitcoin, and they also have there priorities in life.
But for an individual that have accumulating more Bitcoin as a priority in life should be able to adjust to lifestyle and also financial management that will be able to help and accumulate more Bitcoin and doing it consistently. I will admit it that at certain times during my short time of accumulating I’ve had some ups and downs when it come to financial management and trying to adjust to lifestyle and save up more discretionary income to enable me accumulate more Bitcoin, tried reducing amount that goes to cigarettes and alcohol and clubbing , instead of buying some expensive cloths why don’t I go for some that has a reduced price tag and save more money for discretionary funds to help accumulate mor, I think that is a financial management that have help accumulate more and doing it consistently.

I suppose that part of the point that I was trying to make earlier is that each of us should be attempting to figure out how to shore up our own situations, and to recognize that there are challenges in regards to being able to make sure that we can accumulate bitcoin as aggressively as we can within our own circumstances, and we also might have some competing interests and ways that we want to spend money and also ways that we might feel that we need to spend money for our own self-improvement in areas that might not even seem to be completely related to bitcoin, and so we have to sort through our own priorities and to the extent that we consider bitcoin to be a priority, to figure out how aggressive that we are able to be in buying bitcoin on a regular and consistent basis.