You are doing the wrong thing about investing. It is not important to have a discretionary income before investing in Bitcoin . If you are studying in a university, you will learn about Bitcoin and you can accumulate Bitcoin during your studies. Buy Bitcoin by saving some money from your part time job or from the session fees you get from your family. You will gain knowledge about Bitcoin while you are a student and along with that, you can accumulate any fractional amount. It is always intelligent to rely on your own cash fund. If you take out a loan or depend on other people's money to invest, you will not be able to keep it going in the long term.
You need a discretionary income in order for you to invest into bitcoin and hodli for long. I understand what you mean, it's just that you don't understand what discretionary income is. Discretionary income is the extra money from your income that you can do away with and it wouldn't affect you lifestyle. Some people use it to drink, smoke, gamble, club and many more consumption al stuff. Using such funds to invest in bitcoin is the best because you can use it to grow and build your bitcoin portfolio for the future.
If you use money that is not your discretionary income to buy bitcoin, when your needs arises, you will sell your bitcoin because you did not do the right thing. What you explain above means that the extra money from your part-time job can serve as your discretionary provided that you have meet up with all your needs.
Weldon @ Merit.s for the timely explanations and for correcting that notion about discretionary. At least newbies that will come across this wouldn't get it wrong or start from the wrong path of investment.
Maybe he doesn't just understand the concept of discretionary income, and /or he knows it but didn't put the right word where it's sopose to be or perhaps, he wanted to use emergency funds but mistaked it for discretionary. Which ever way it is, I think your explanations and that of Silikiem below would have done justice to that misconception or mistake.
We all need our discretionary income to begin our investment journey and its totally undisputed. Imagine a farmer going to farm without a hoe and cutlass, or astudent going to school without books and a pen, totally a water of time. That's how important the discretionary is to our accumulation of Bitcoin. I just hope he comes back to read off all these and learn.
Maybe I should put it this way, expecting Bitcoin to make you rich overnight is just setting yourself up for stress. Since no one can predict the exact timing of its moves, borrowing money to invest is almost like digging a hole for yourself.
Common! Who does that? The I bet you that such a person isn't ready to be an investor or a long time holder of Bitcoin assets, am sure he would pull, selling all out of frustration and this really mean nothing.
If you get something tangible and profitable, though not promised, you must accumulate gradually and Hodl, I repeat, Hodl, at least for a circle, two, three or more. Remember a circle is 4 years. The long term plan of Bitcoin is the ideal way of investment. You keep accumulating Bitcoin using the DCA strategy or any other method if you have the capacity to. While seeking for other means of gaining better or increased income, just buy and Hodl.