Quote from: Agbamoni on August 09, 2025, 10:04:27 PM

Quote from: OsaiEmma on August 09, 2025, 07:16:07 PM

i feel it is far-fetched to sey there isa minimum amount for Bitcoin investment, I think Bitcoin investment should be done as earlier stated from discretionary funds or income, or you can make a little sacrifice from your non-discriminatory income so as to kick start your Bitcoin investment journey if at all it's possible (NFA), but stating a minimum amount can really be somewhat discouraging to some people.

This clearly shows you dont read ongoing conversations here. @JayJuanGee clearly explained it here, but ill repeat it so you can understand better.

On a good day, there is no fixed minimum amount that we can invest in bitcoin with, but it is advisable to not go below $10 because if you invest $10 per week you will have a total of $520 in a year, and in 4 years you will have a $2,080 which is quite low but it is better than nothing. In a case you invest less than $10 let me say $3 to $4 weekly, you will get anything tangible after four years. It can take you a life time before you can get half bitcoin, and sadly the price will keep appreciating while purchasing power keeps depreciating.

It is better to be discouraged when you dont have the right discretionary income to invest in bitcoin than starting your investment and later destroying it all. Work on your income and once you good sizable income is achieved you can know how to allocate comfortable into your investment and your basic needs.

Thanks for ur polite reply, I do appreciate that, I now clearly understand where u are coming from.

You're trying to say for someone to have a good sizeable BTC investment portfolio, you should at least invest $10 per week, that's a pretty solid advice, but what 1 might see fit as a sizeable portfolio varies from individual to individual, but yeah, I think your advice is reasonable.

Quote from: Agbamoni on August 09, 2025, 10:04:27 PM

Quote from: OsaiEmma on August 09, 2025, 07:16:07 PM

Pardon my ignorance, but what is the difference between discretionary funds and income.

You should have asked this question before making that first comment. I almost thought you knew what discretionary income is.

In simple term discretionary income refers to the amount of money that individuals have left to spend after they have handled all personal and basic expenses. You can choose to do whatever you want to do with your discretionary income. You can choose to invest all into bitcoin or invest some, well this will depends on the size of your discretionary income. Its not always the same to everyone. Your discretionary income can be measured from your income and the cost of your basic expenses.

If you dont know how to calculate it, then leave a comment I will guide you. See ya!

I do know very well what discretionary income is, it's just I don't see any difference between discretionary income and funds that's why I asked, and I appreciate how u explained and still offered to guide me, thanks for that.

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Quote from: OsaiEmma on August 09, 2025, 07:16:07 PM

Pardon my ignorance, but what is the difference between discretionary funds and income.

The difference between discretionary fund and discretionary income is clear. Discretionary fund is a money allocated or budgeted for something that is not really necessary or investment, it's just a fund for hanging out with friends to have fun, or a money for dinning out, or a money for travels, while discretionary income is a leftover money after you must have settled your basic needs and expenses either for the week or for the month. And your Discretionary income is the money you will use to invest in bitcoin and to build your emergency fund and backup fund.

Let me try and break it down,

Discretionary income: is like a form of left over after taken care of your essential expenses ( rent, food, electricity bill etc.) , and you can choose to spend, saved or invest with it .

While Discretionary funds : money you choose to set aside for fun or for personal want and stuff , discretionary funds is from your discretionary income .

For instance my discretionary income is $500 I can choose to make use of $200 as my discretionary funds, while the remaining $400 can go into saving or investing .

You guys seems to be confused and you almost confused me too. There is no difference between discretionary funds and discretionary income rather it is just a misplacement of word in other words they are both same thing so saying discretionary funds is used for hanging out with friends and the rest is wrong not true because they are same thing just that people put discretionary funds in place of discretionary income or they mistake discretionary income to discretionary funds because generally there is nothing like discretionary funds so don't get it twisted people are referring to same thing.

Please don't be confused because the words "Funds" and 'Income " have separate definitions and meaning but if you doubt me you can go through your dictionary and you will see their. However I think this shouldn't call for an arguments since SirJay juanGee have already simplify both terms for our own understanding especially since our major discussion here is Bitcoin. Perhaps what JayJuanGee said and I also agreed to it was that your discretional funds is that extra cash that is left after settling your personal expenses while a discretional income is your regular flow that comes weekly or monthly that is needed to accelerate your bitcoin accumulation consistently. I think you should follow what JayJuanGee has already taught in relation to discretional income and discretional funds for your own good and also for the sake of newbies so that they don't get confused too

Now they both are the same, it's like this, from your income, discretionary income is the income realized after settling all your non descritionary bills, now that discretionary income are the left over funds with u from ur income, so I asked that question initially because I felt there was no difference and wanted to know if there actually was one, but from all the responses so far, I don't think there is any difference.

Some went on to separate is as the money left after settling ur non descritionary bills and savings, I don't really think so, thank you though for your contributions