Quote from: philipma1957 on September 27, 2025, 09:17:33 PM

time and time again
I dca minę every day and hodl.

and I sometimes buy the dip and hodl.
and I keep cash on hand for expenses so that I can hodl.

jjg simply does not understand I changed my methods and no longer use btc as a p2p method.
bots can be stupid at times.

You are correct.

I don't understand, and you speak a bit inconsistently, but let's see how it goes. I am willing to accept the new you, but you keep telling me things that causes me to question your spin, even your bragging about your copper endeavors seems a bit of a stretch.. and sure I understand that once you have them, then you have to deal with them, but it was not really a good idea (even though it is currently working out for you to stack some corn at a reasonably good trade rate), at least from my perspective.

Quote from: gracreavix on September 27, 2025, 09:46:24 PM

Quote from: Futurexxx on September 27, 2025, 07:32:29 AM

Quote from: Showlove01 on September 27, 2025, 05:58:17 AM

You are absolutely correct, it is not impossible for someone to invest in Bitcoin without a source of income I mean what they fuck are they using to accumulate if they don't have source of income.

Having a source of income and having a discretionary income are two different things you need to take not off, they are not the same, what is needed to invest in Bitcoin is a discretionary income not a source of income, because their are so many folks that have a source of income but still can't figure out their discretionary income, so if you have a source of income their no guarantee that such person will invest in Bitcoin and be successful if he can't sorts out his discretionary income from there.
Having a source of income is very important in taking care of yourself and your basic needs, but if you can't figure out your discretionary income and you went ahead and invest, you are just gambling, and the end product of such actions wouldn't be pleasing because selling it prematurely will be inevitable.

Nice, if I get you well, you are trying to point out the difference between just earning and actually having something left aside that is safe enough to put into Bitcoin(Discretionary income).. Your explanation is actually on point.. Without a solid source of income, one can not even dream of discretionary income. You can’t extract leftovers from an empty plate, so the source is the main driver, and discretionary is what flows after the basics are settled.

Let me try to break it down clearer. A source of income simply means the stream of money that keeps you afloat, like salary, business profit, or side hustle returns.. It is mostly guaranteed or semi guaranteed inflow that takes care of rent, food, transport, health, and other obligations.. While discretionary income on the other hand is what comes after the bills have been handled.. So, before you starts talking about Bitcoin or any kind of investment, the base structure source of income must be strong enough to sustain life..

And yes, discretionary income should be the only funds used for investing, especially in something like Bitcoin.. Because if you use money that is supposed to cover rent, school fees, or medical bills, you will always be forced to sell prematurely once life demands it.. That is where most people mess up, they invest what they cannot afford to lose, and when pressure comes, they panic sell at the wrong time. But if the money is truly discretionary, then you can sit on Bitcoin longer, survive the storms, and allow time to proof itself. This is the difference between someone gambling blindly and someone investing with patience..

The reason that discretionary income involves money that you can afford to lose because you make a choice.

Discretionary income can be spent on anything whether investment, consumption or savings, so you can choose to totally gamble it away, if you like.

You may well make a choice to invest into bitcoin with all of your discretionary income or you might choose some portion of that discretionary income to go into investing rather than buying cigarrettes.. and yeah, cigarrettes are equally valid if a person chooses to use his discretionary income to buy cigarrettes and perhaps some other thriller, exciting and expensive habits that a person might have.

The person with the expensive habits might find that when he arrives 10 years down the road that he had not made any financial progress in life. He thought that he was happy with his various expensive habits, yet maybe 10 years down the road he is in his 50s rather than his 40s, and he is finding that his income is going down or he is not able to earn as much money, and even though he had a lot of fun in his youth, he has nothing to show for it.

He made choices when he was in his 20s, 30s and 40s, and some people choose to focus on investing, others choose to focus on consuming and perhaps some choose to focus on saving, yet if they kept their money in cash rather than assets (such as bitcoin), then they might find that their savings did not appreciate in value and instead it lost value... so we make choices, and there are consequences to our choices, and discretionary money means that we can choose to do whatever we like whether it is investment consumption or savings.

I would not say to do only one of them, yet we can figure out out to strike a balance since we likely need to bring ourselves some pleasures, yet if our budget is tight, we might have to choose to figure out how to prioritize investing, even if investing means that we won't be able to consume as much in the present.

None of us can tell anyone else whether to prioritize cigarettes over investing... and part of the idea of discretionary is that we can do what we like with it, which is a reason why some folks refer to discretionary income as disposable income... meaning we can throw it away if we like, and when we invest into bitcoin maybe we might think that we are throwing it away, and we are willing to wait 4-10 years or longer before we will start to cash in on the investment, and we are not guaranteed to be in profits, but we invest into something like bitcoin that we believe is more likely to be profitable than not.