Quote from: Tonimez on July 25, 2025, 11:47:57 PM

Quote from: laijsica on July 25, 2025, 10:35:03 PM

Quote from: Zackz5000 on July 25, 2025, 03:17:31 PM

[Edited out]

If discretionary income has been a part of our lives for months/years and we are lagging behind in Bitcoin investing, then we need to hurry up. For those who are a little late to start investing in Bitcoin due to their lack of knowledge about Bitcoin, aggressive accumulation can be a way to get through the day. For those investors, even if their discretionary income source is not very strong to start and make it regular, they should invest in Bitcoin regularly.

I don't think that there's anything like being late to bitcoin investment. What's your yardstick for measuring lateness to bitcoin investment even amongst people who didn't get to know about bitcoin previously? As a bitcoin investor, you have to learn not to allow anyone put you under pressure or trybto make you feel like you're late to the investment, moreover even people that started buying from the earlier days are still buying. Bitcoin investment is personal and I feel that one may only refer to himself as being late if he is knows about bitcoin and refuses to invest earlier or still don't wish to invest.

Again, don't let the time you start your investment be the reason for you to aggressively accumulate beyond your capacity to avoid loosing all your bitcoin due to unforeseen circumstances. As a beginner, see the price of bitcoin as the best as at the time you meet it. Analyse your income and identify your Discretionary income. Make provision for your emergency funds and back up funds and then set your bitcoin goal. Maintain your DCA approach and don't let dips pressure you into accumulating more aggressively than your financial capacity can bear.

Quote from: laijsica on July 25, 2025, 10:35:03 PM

Still, some investors struggle to find discretionary income from their income stream and the level of struggle and periodic efforts to $10-$20 Bitcoin (per week) over time as consistent efforts can lead to a decent level in the future.

You still tend to make bitcoin investment look like a do or die affair. When someone's income is not able to handle his basic responsibilities making it hard for him to generate a discretionary income, how do you still advise the person to invest? First is having your discretionary income ready. Some low income Earners don't have enough to keep a family. I would suggest that in that case, an alternative source of income is advised. With this income source, a person can now invest in bitcoin with the discretionary income that he generates from there. Bitcoin is not a death sentence, you don't invest at the expense of your basic responsibilities.

Quote from: laijsica on July 25, 2025, 10:35:03 PM

I recommend those small investors to maintain their small efforts to accumulate Bitcoin for 4-10 years. They should continue to deposit bitcoin continuously as long as their source of income exists and they should aggressively accumulation while increasing their alternative sources of income.

This is correct. As a low income investor, all you need to do is to maintain your financial responsibilities and discipline yourself against reckless spendings while maintaining your DCA allocation truthfully. Do not invest with your emergency funds if you want to succeed in bitcoin. Shun the urge to invest with your emergency funds especially during dips.

At this point, you aim at long-term holding focus on accumulation and ensure you invest with only your discretionary income.

Quote from: IjawMan on July 25, 2025, 11:04:33 PM

Quote from: icebar on July 25, 2025, 01:44:33 AM

No one can ever predict when a person will face danger. At any time, a normal situation can become abnormal. If there is no emergency fund, then he will definitely have to use his holdings. Even if he is holding Bitcoin, if the price drops at that time, he will have to sell that Bitcoin with loss. Because you will not get time to see how low or high the price of Bitcoin at that moment. If you sell with loss, then it will become an obstacle to the long-term plan you have made. As an investor, you may have thought that you will hold your Bitcoin for a long time, up to 4-10 years. It turns out that you will be forced to withdraw your investment within 2 years, that is, the long-term plan will be lost. Not only that, if you do not have emergency fund, you will also fail to take any planned decision. Which you could not have taken in a healthy state. Your investment may continue without an emergency fund, but it will not be possible in the long term. You can be at risk at any time and if that happens, your long-term dreams will be destroyed with in a moment.

That is how it can only end for an investor of bitcoin who has plans for longer investment period and they don't work In preparation towards handling challenges that might arise and cause them to stop half way on meeting their timeline of their bitcoin accumulation. A way to stay ahead not to fall into the danger of selling prematurely or at a loss when bitcoin is in the dip before a rising danger is to have several sources of income you can use to patch up those emergencies as they arise. When you fail on this you make yourself prone to the predisposition of a premature sell of your bitcoin investment at a loss

Having an alternative source of income is good but that does not fully guarantee the safety of your bitcoin stash. To hold your bitcoin for long, there have to be a strict adherence to building your emergency funds either from your alternative income or main source of income. That emergency funds are built and kept in cash at all time. Having alternative source of income sometimes make some investors believe they can always have money for their emergencies and they forget to be intentional about building their emergency funds. This has led to situations where emergency comes up and there's no cash money to fund it either because the alternative source of income is actually a business which you can only get money from during the day time when you open to sell. But emergencies do not announce time. If it comes in the middle of the night, you don't need to wait till morning to open your alternative source of income. So in a nutshell, prepare your emergency funds and make it handy always. That's the only way you can be sure that you won't sell your bitcoin prematurely except in the event when nature faces you with situations your emergency funds can not handle and you've exhausted all other options without sorting it out.