Re: Buy Buy Buy or Sell Sell Sell?

money to buy BTC.

You can invest your entire discretionary income if you want. But it would be better for an investor to invest 25% of his discretionary income. If a person uses 25% of his discretionary income, then he can build an emergency fund with the remaining 75% and if the emergency fund is ready, then he can keep that money with him and when he sees a decline in the market, he can buy aggressively.

I think that with time an investor does everything. Maybe a new person may not do this, he may not be aware of this. But a person who has been investing for some time may set aside money to buy aggressively. Because he knows how to use the decline.

Older investors often don't take advantage of price drops if they want to buy Bitcoin more aggressively, although they don't dismiss them as a good opportunity for those who haven't been afraid to buy without the market dropping. And such investors are usually not afraid to use half of their income to buy Bitcoin because they can still manage their lives with the remaining half. Therefore, this will never be the same for one person as the mentality and courage to buy assets like Bitcoin always differ from person to person.

Furthermore, there are differences in income levels among individuals, and this can influence how they use their money to buy Bitcoin more aggressively on a regular basis and less focused on price declines in the market. So, I'm not at all surprised to see investors who invest half their income in Bitcoin every week . Even though they are still concerned about their own livelihood and emergencies, their courage in regularly investing half their income every week is truly admirable.

It's your discretionary income that you are to use to invest in bitcoin and not your income, because if you use half of your income to invest, what if you are unable to meet up with your basic needs and monthly expenses. It means that you have to sell back the bitcoin that you bought which you can run at loss when selling.

After receiving income and have deducted the money for your monthly expenses and basic needs, the leftover is what you can use part of it to invest in bitcoin through DCA for regular weekly purchases. However, nobody is in the position to tell anyone how much of his discretionary income that he should use to invest in bitcoin. We all know our own financial situation playing around us and our different decisions and target in our long-term bitcoin accumulation journey, therefore, we are in the right position to choose how much from our discretionary income that will can use to invest in bitcoin to keep our accumulation ongoing for 4-10 years and above.

The most important thing is that you shouldn't use an amount that will make you sell your bitcoin before your own time or something that will make use regret in the future for the wrong actions taken.

a lot of people still don't understand that the money that they are suppose to invest in bitcoin is their discretionary income, the left over money after they must have settle their basic needs and expenses either for the week or for month. Any investor that fails to invest only his or her discretionary income is investing wrongly, which things many not end well for the investor. Immediately your income comes in the first thing you are suppose to do is to settle your basic needs and expenses, then after that the left over money is the you will use to invest in bitcoin, and from the same left over money you allocate money to your emergency fund and backup fund.

Therefore, it is generally advised for newbies who are still struggling to invest only money that remains after paying for necessities because, based on my observations, some novice investors truly have the wrong mindset. They should make sure they take care of their basic needs and expenses before investing in Bitcoin because this can lead to unclear misunderstandings after the investment has been made. In actuality, they could have misjudged the window of opportunity to recoup the gains, which might have been too short. To avoid such blunders, it is therefore important to acquire a fundamental understanding prior to investing in Bitcoin.

Yes, if you think that after meeting your daily needs, you have very little discretionary income that is not enough to accumulate Bitcoin, then you have to struggle not to spend more than $5 extra, such as checking more and buying less expensive things or smoking less cigarettes, etc. You have to be financially independent through hard work at work place, so you should make efforts to increase alternative income. Time and age never wait for your. You have to find the good time and achieve financial stability. Your sole effort is to ensure the right use of time and age. By accumulation Bitcoin every week/month through discretionary income to become financially independent. Regardless of the any accumulate amount you should continue your efforts and increase your Bitcoin holdings.