Honestly, man, i still don’t fully get this whole “discretionary income” thing. from what i understand it’s just money you can lose without wrecking your life. So i’m sitting here thinking if i skip a pack of smokes and throw that into Bitcoin, ten years later maybe my lungs are healthier and my wallet’s fatter. Sounds like a win-win, right? but then the other side of me goes what if Bitcoin tanks? then i’ve got no smokes and no gains. Double loss that’s where the confusion kicks in.
one thing I am starting to realize, though, is that nobody’s saying “only invest” or “only live it up.” the real trick seems to be balance. like, say i skip a pizza today and toss that cash into Bitcoin one day maybe that turns into enough for the whole family combo.
So yeah, i’m still a total newbie, half the time my thoughts are scrambled, but common sense tells me this: don’t blow all your extra cash, just mix it up a little fun, a little stackin.
Yea, even as we opine for a gradual stacking of stash, using your discretionary, i think it's not also out of place if one gets a little bit of fun too since one can't leave Live generally without giving oneself a treat sometimes. Live should be lived to the fullest. Some stash been accumulated, a little fun been grabbed alongside too wouldn't cause harm. Thats why the discretionary is highly recommended for accumulation, becauce, haven taking care of basic necessities, the left over at hand is your discretionary. What you use it for becomes your will. You can either decide to spend it on drinks at the bar, or some pizza or cigarettes, it's up to you and it's nothing. But at the same time, you can also decide to accumulate Bitcoin with it in fragments weekly or monthly as the case may be.
If you decide to spend it on self and pleasure, you get to enjoy it now and find out in the next 10-20 years or so, you have nothing solid in terms of finance or investments. But on the other hand, if you decide to invest some fraction of the same discretionary funds in Bitcoin, while still grabing little fun, at a long run, you must have saved or invested something tangible if your investment lasted for years(let's say 4-10 years or more).
Bitcoin has proven over the years to be a store of value and worth. Even though we might not predict perfectly where bitcoin would be in coming weeks, months or years, but the assurance of appreciation stands great. Imagine the price or value of Bitcoin in that last 10-15 ago, and check where it is now. You can see for yourself. Then imagine where it will be in the next 10 years or more. Sincerely, Bitcoin is going global, and we will only be fair to ourselves if we grab some Bitcoin to ourselves from our discretionary income and Hodl, even as we also think of having some fun too. We can't possibly miss out in any.
Hmm nicely explained mate i kinda feel the same too, because honestly sometimes it’s hard to just save and not enjoy life. like if I cut off every fun it gets boring, you know
But one thing i’m still wondering let’s say i put a small portion weekly into Bitcoin from my leftover cash and still enjoy like a pizza or hangout once in a while do you think in the long run that tiny stacking really makes a difference?