Therefore, I believe delaying investing in Bitcoin until we have discretionary funds is a bad idea. Time is ticking and can't be undone.
Don't you think you are getting it wrong here? That we should invest in bitcoin even when we have not figured out if we have a discretionary income to invest so i believe it's still ok to wait if there is no discretionary income to get started with.
The reason you should invest with your discretionary income is that things might not go as have plan it might go dip so if you invest with discretionary and such thing happens to occur you won't get your self up set because you invested with what you are afford to loss .
I do not agree with the stance that one should invest quickly, as time is ticking. If anyone has such a mindset, then he will surely incur losses, or even if he does not sell at a loss, his portfolio will be in unrealized losses. One should invest after due diligence and also in parts. People usually invest all in bitcoin (
or any other altcoins) at once, thinking that it will only go up from here.
Investors need to understand the market but unfortunately, most people come into
cryptocurrencies thinking that they will become rich overnight. That's the reason most people lose money in
crypto, and very few are able to make a profit from it.
We are talking about bitcoin in this thread - not shitcoins.
It is confusing and misleading to suggest that investing into shitcoins is the same or even similar to investing into bitcoin, even if you mght be striving to ONLY focus on the top 10 to 20 shitcoins (in terms of their supposed market cap).
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I think the key here is to properly balance both time and money for investment. You say that time is running out so you should enter quickly without waiting for discretionary funds. But history has repeatedly shown that investing in a hurry especially with responsibility money or borrowed money has a much higher risk of loss in the long run. On the other hand those who made DCA from discretionary income even if it was a small amount had less stress. Because they knew that even if they lost this money their daily life would not be affected. And in the long run history has proven that if you hold on to a 4 year cycle Bitcoin almost always reaches new highs. So there is nothing to fear about time running out but the main question is how can you survive in investing.
FOMO is the biggest enemy of investors. The market moves in such a way that new opportunities always come. If someone missed an opportunity in 2013 or 2017 and was disappointed they got a new opportunity again in 2020 or 2021. So entering the market late is not bad but entering it incorrectly is bad. Using time as an excuse and starting to invest with your money responsibly creates a cycle of risk.
Rather it is the safest and most effective way to start investing in small steps by gradually building a discretionary fund.This last statement of your post goes to show that you don't seem to understand what is discretionary funds, which may well show that you don't understand how to manage your investment choices (whether referring to bitcoin or otherwise) and/or how to manage your cashflow. Nothing wrong with not understanding since we are here to learn, even though your overall post is lecturing, even though you seem to not understand a fairly basic concept.
Maybe you can try explaining discretionary funds, again? and how does discretionary funds fit into how a person chooses to invest? How are you proclaiming that we "build a discretionary fund? and for what purpose is this discretionary fund that we are supposed to be building?