Buy Buy Buy or Sell Sell Sell?

[Taskford]

You cannot invest or buy bitcoin daily. But weekly or monthly and a poor man cannot invest in bitcoin with one third of his discretionary income.

To bad that even if they like to spend something for Bitcoin but they don't have any means to do it as they have limited resource to use.

That's why its important before engaging on anything especially when dealing financial matters people should try all they can to make their selves financially stable. So that they able to continue what their plans also they can explore a lot of options that they want to try especially if they have funds ready to use. Many efforts need to insert for poor people but if they are eager to continue what they like and spend those extra money they have then I guess that still a good start and they could just work hard to earn more money and grow their portfolios later on.

[JayJuanGee]

Poverty is never an excuse not to invest in Bitcoin as long as you're alive and healthy.

To survive in life, money is definitely needed, but I think the remaining money after meeting the basic needs of your family is definitely alive. However, there is no remaining or specific money allocation for investing in Bitcoin, there is enough level of investment that you can invest according to your ability. However, you should never see it as a burden, Bitcoin investment never asks you to invest more.
You will be interested in investing in Bitcoin according to your ability, but for it to last for a long time, you must use the DCA method. There is a calm strategy for investing in Bitcoin for both the rich and the poor, in which both new and old, rich and poor can invest here. So you should keep yourself busy only to buy Bitcoin.

In fact, Poverty should never be a barrier to Bitcoin investment.

You can't really say poverty is never a barrier to bitcoin investment. Surely  We all kmow how the economy is so hard, we have different categories of people and their financial level.  We have the low class , middle and or average class  and lastly the high class. So surely the highmay invest comfortable because the money is there while  the average class may manage to invest at least but the low class or poor person may not be able to feed talk more of investing.

Situation is really different for people experiencing poverty since with that condition they would never became consistent on their Bitcoin investment. I also believe that they will never priority this option since they will take priority first those mouth to feed before anything else out there.

That's why its hard to say that people in this class will succeed since there's so many barricade in their front that stop them to continue. They usually these people need to double or triple their effort before they can make those things they want to happen. But there's nothing impossible to a person who exert efforts right? This is the reason why I encourage people to proceed and exert a lot more effort to find good opportunities and change their lives first then earn lots of money so that they have better chance to be consistent on what they like to do also including on their Bitcoin investment.

We have to admit that investing in Bitcoin is much more difficult for poor people than rich people. The way the rich manage their investment in Bitcoin is much more than the poor. However, we see that there is no specific rule for investing in Bitcoin, you can participate in the investment system by applying any capital. The poor can only use one third of their daily income for investment. Although the curse of poverty is not leaving them, gradually I think if they can deposit a part of their income in Bitcoin every day or every week according to a little guidance and hold it for a long time, I think the way Bitcoin is growing, it can be assumed that the poor can also achieve a high return achievement. The way Bitcoin has presented us with a big ATH with a big achievement in the last two months, the poor can also have the possibility of being a part of this ATH. I think not only the rich, but the poor should also participate in it and invest regularly, even if it is small.

You are not completely wrong in your assertion that the poor are smaller versions of the rich, yet your whole characterization seems to gloss over the fact that the poor still have to clothe, house and feed themselves first, and if there is no money left, then they cannot invest into bitcoin or anything else.  In other words, a certain threshold of income being higher than expenses has to be reached before they are even able to invest.

We can presume that the rich, on the other hand, already have met their basic threshold, so then it is just a question regarding how they choose to spend their discretionary income and if and how they might choose to invest rather than to consume. 

it is true that the rich could end up fucking all of their advantage away by poor money management and inabilities to decipher the difference between consuming and investing or not knowing how to choose good investments.

[Cryptoprincess101]

The poor can only use one third of their daily income for investment.

Using one third of your income to invest in bitcoin as a poor man means that you might be investing over aggressively because you will not have much extra funds on you after taking care of your monthly expenses and needs. However, I think 10% of your income is cool to invest in bitcoin and not 33.33%.

It still all depends on how much is the poor person daily needs and discretionary income. It's his discretionary income that he can only  use to invest in bitcoin so that you don't use the funds for your basic needs to buy bitcoin, because it's gambling and you will sell your bitcoin in the short run when you needs arise.

You actually made a lot of sense because investing in bitcoin does not mean we should put ourselves in a state of distress simply because we want to meet a target. Like i always tell people, invest with an amount that will not hinder you from meeting up other life obligations. For someone who do not earn enough money, 10% of their income is fair to invest because it won't put them in a state of distress. For instance, if someone earns $50, and invest $5 is just like an amount that won't affect him from attending to his other needs of life but if he invests like 15-20 dollars from it, he will be putting himself in a state of confusion because the balance that will remain with him may not be enough to handle his other basic needs and it might lead to selling his bitcoins just so that he can be able to meet up his needs and that is why a discretionary amount is advised to start up with because it won't affect you since it is an amount that is left after you must have spent on things you needed for livelihood.

[ultrloa]

The poor can only use one third of their daily income for investment.

Using one third of your income to invest in bitcoin as a poor man means that you might be investing over aggressively because you will not have much extra funds on you after taking care of your monthly expenses and needs. However, I think 10% of your income is cool to invest in bitcoin and not 33.33%.

It still all depends on how much is the poor person daily needs and discretionary income. It's his discretionary income that he can only  use to invest in bitcoin so that you don't use the funds for your basic needs to buy bitcoin, because it's gambling and you will sell your bitcoin in the short run when you needs arise.

You actually made a lot of sense because investing in bitcoin does not mean we should put ourselves in a state of distress simply because we want to meet a target. Like i always tell people, invest with an amount that will not hinder you from meeting up other life obligations. For someone who do not earn enough money, 10% of their income is fair to invest because it won't put them in a state of distress. For instance, if someone earns $50, and invest $5 is just like an amount that won't affect him from attending to his other needs of life but if he invests like 15-20 dollars from it, he will be putting himself in a state of confusion because the balance that will remain with him may not be enough to handle his other basic needs and it might lead to selling his bitcoins just so that he can be able to meet up his needs and that is why a discretionary amount is advised to start up with because it won't affect you since it is an amount that is left after you must have spent on things you needed for livelihood.

In simple terms just invest what you can afford to lose this is actually good suggestion to begin with and people should not engage on stress investing since there's nothing gonna happen with them if they push their self to the limit. We also need to prioritize our daily needs since this is the most important thing we need to pay attention. And it always better to invest those extra funds we have so that we will not get any serious problem when dealing these matters. We should not follow what other people did since we have different income so people should stick on their available budget and don't be so arrogant and showy that you have this balances even if they are struggling financially as a result of what they have done. So everything should be balance since by this we can possibly reached our 4 - 10 years target without experiencing any hardships in real life.

[Samlucky O]

You cannot invest or buy bitcoin daily. But weekly or monthly and a poor man cannot invest in bitcoin with one third of his discretionary income.

That's why its important before engaging on anything especially when dealing financial matters people should try all they can to make their selves financially stable.

Surely You can say "if they have a steady souce of income", instead of "Being financially stable" because this statement has caused a lot of people not to start investing in bitcoin as they ought to have invested, simple because they misinterpreted the word Being financialy stable to mean rich. some may look like they need to be rich before investing while the actual sense is having a constant souce of income to front load your bitcoin and or your discretion fund to be able to invest comfortably and regular with what you can afford to lose  either weekly or monthly.  

[JayJuanGee]

You cannot invest or buy bitcoin daily. But weekly or monthly and a poor man cannot invest in bitcoin with one third of his discretionary income.

That's why its important before engaging on anything especially when dealing financial matters people should try all they can to make their selves financially stable.

Surely You can say "if they have a steady souce of income", instead of "Being financially stable" because this statement has caused a lot of people not to start investing in bitcoin as they ought to have invested, simple because they misinterpreted the word Being financialy stable to mean rich. some may look like they need to be rich before investing while the actual sense is having a constant souce of income to front load your bitcoin and or your discretion fund to be able to invest comfortably and regular with what you can afford to lose  either weekly or monthly.  

Newbies don't even have to have a steady source of income to invest into bitcoin, yet they do need to have discretionary income, so if their income is less steady, then they likely need to keep more back up funds to cover periods in which their income might not be steady.  The more unsteady their income, then the more back up funds that they likely need, especially if they want to invest in bitcoin, and if they think that they are not going to be able to get income in the future, they might have to stop investing in bitcoin until they are able to shore up their income situation.

Of course, with bitcoin, since our investment timeline should be 4-10 years or longer, we have to be careful if we are putting money into bitcoin that we need, so each person has to figure out that he is putting money in that he does not need for 4-10 years or longer, and so that way he is investing and not gambling with the amount that he puts into bitcoin.

[Samlucky O]

You cannot invest or buy bitcoin daily. But weekly or monthly and a poor man cannot invest in bitcoin with one third of his discretionary income.

That's why its important before engaging on anything especially when dealing financial matters people should try all they can to make their selves financially stable.

Surely You can say "if they have a steady souce of income", instead of "Being financially stable" because this statement has caused a lot of people not to start investing in bitcoin as they ought to have invested, simple because they misinterpreted the word Being financialy stable to mean rich. some may look like they need to be rich before investing while the actual sense is having a constant souce of income to front load your bitcoin and or your discretion fund to be able to invest comfortably and regular with what you can afford to lose  either weekly or monthly.  

Newbies don't even have to have a steady source of income to invest into bitcoin, yet they do need to have discretionary income, so if their income is less steady, then they likely need to keep more back up funds to cover periods in which their income might not be steady.  

You are actually correct sir JJG,  but we all know that for back up or discretion fund to keep on working constantly we need to be actively supplying it with fund from somewhere either place of work or any means of income.  Surely discretionary income are like charge stored in the power bank, while a steady source of income are like electricity which can be used to charge the power bank and the Mobile device,  so we can not only prioritise using the Power bank to change our Mobile phone  without constantly changing the power bank. as a time will come when the power bank and the mobile device will be dead as a result of not have been charge neither
 the power bank or  mobile device. Thesame thing is applied to the investment aproach, what do you think?

[JayJuanGee]

You cannot invest or buy bitcoin daily. But weekly or monthly and a poor man cannot invest in bitcoin with one third of his discretionary income.

That's why its important before engaging on anything especially when dealing financial matters people should try all they can to make their selves financially stable.

Surely You can say "if they have a steady souce of income", instead of "Being financially stable" because this statement has caused a lot of people not to start investing in bitcoin as they ought to have invested, simple because they misinterpreted the word Being financialy stable to mean rich. some may look like they need to be rich before investing while the actual sense is having a constant souce of income to front load your bitcoin and or your discretion fund to be able to invest comfortably and regular with what you can afford to lose  either weekly or monthly.  

Newbies don't even have to have a steady source of income to invest into bitcoin, yet they do need to have discretionary income, so if their income is less steady, then they likely need to keep more back up funds to cover periods in which their income might not be steady.  

You are actually correct sir JJG,  but we all know that for back up or discretion fund to keep on working constantly we need to be actively supplying it with fund from somewhere either place of work or any means of income.  Surely discretionary income are like charge stored in the power bank, while a steady source of income are like electricity which can be used to charge the power bank and the Mobile device,  so we can not only prioritise using the Power bank to change our Mobile phone  without constantly changing the power bank. as a time will come when the power bank and the mobile device will be dead as a result of not have been charge neither
 the power bank or  mobile device. Thesame thing is applied to the investment aproach, what do you think?

Sure.  I still stand by what I say, and surely there are people who have irregular incomes, and they still will save and invest, and probably they would be better if they could make their income more steady, so anyone who has an irregular income may well need to keep a lot more back up funds if he wants to invest, and there are levels of priorities in terms of if the back up funds are running out then there may need to either be cuts in expenses and/or increased efforts and/or pressures to get a source of income.

[Marvelockg]

You cannot invest or buy bitcoin daily. But weekly or monthly and a poor man cannot invest in bitcoin with one third of his discretionary income.

That's why its important before engaging on anything especially when dealing financial matters people should try all they can to make their selves financially stable.

Surely You can say "if they have a steady souce of income", instead of "Being financially stable" because this statement has caused a lot of people not to start investing in bitcoin as they ought to have invested, simple because they misinterpreted the word Being financialy stable to mean rich. some may look like they need to be rich before investing while the actual sense is having a constant souce of income to front load your bitcoin and or your discretion fund to be able to invest comfortably and regular with what you can afford to lose  either weekly or monthly.  

Newbies don't even have to have a steady source of income to invest into bitcoin, yet they do need to have discretionary income, so if their income is less steady, then they likely need to keep more back up funds to cover periods in which their income might not be steady.  

You are actually correct sir JJG,  but we all know that for back up or discretion fund to keep on working constantly we need to be actively supplying it with fund from somewhere either place of work or any means of income.  Surely discretionary income are like charge stored in the power bank, while a steady source of income are like electricity which can be used to charge the power bank and the Mobile device,  so we can not only prioritise using the Power bank to change our Mobile phone  without constantly changing the power bank. as a time will come when the power bank and the mobile device will be dead as a result of not have been charge neither
 the power bank or  mobile device. Thesame thing is applied to the investment aproach, what do you think?

Sure.  I still stand by what I say, and surely there are people who have irregular incomes, and they still will save and invest, and probably they would be better if they could make their income more steady, so anyone who has an irregular income may well need to keep a lot more back up funds if he wants to invest, and there are levels of priorities in terms of if the back up funds are running out then there may need to either be cuts in expenses and/or increased efforts and/or pressures to get a source of income.

that you are investing should even prompt you to put in extra work in ensuring that your income flow is at least constant and a bit predictable, so you don't get to halt in your investment multiple times just because you don't have a defined and regular income source. even if you are not investing in bitcoin, being careless about your income source is very dangerous and for the fact that you want to buy bitcoin for the long term, setting things in order is the prerequisite of a successful investment.

back up funds is supposed to be a one-off thing where you build it and then allow it stay while concentrating on building your portfolio. in the course of building your portfolio, if you intend getting to your goal faster enough, you just have to take these little things seriously and ensure that if it will require that you intentionally get a job that pays you better or upscale or upgrade in what you do so your earnings becomes higher, you just have to do it knowing that in a brother perspective, while you are in the one trying to you are also growing in other aspect of your life. with an intentional plan, you might never have to touch your reserve funds but will just stick to your designated amount for your DCA investment.

[Barikui1]

You cannot invest or buy bitcoin daily. But weekly or monthly and a poor man cannot invest in bitcoin with one third of his discretionary income.

That's why its important before engaging on anything especially when dealing financial matters people should try all they can to make their selves financially stable.

Surely You can say "if they have a steady souce of income", instead of "Being financially stable" because this statement has caused a lot of people not to start investing in bitcoin as they ought to have invested, simple because they misinterpreted the word Being financialy stable to mean rich. some may look like they need to be rich before investing while the actual sense is having a constant souce of income to front load your bitcoin and or your discretion fund to be able to invest comfortably and regular with what you can afford to lose  either weekly or monthly.  

Newbies don't even have to have a steady source of income to invest into bitcoin, yet they do need to have discretionary income, so if their income is less steady, then they likely need to keep more back up funds to cover periods in which their income might not be steady.  

You are actually correct sir JJG,  but we all know that for back up or discretion fund to keep on working constantly we need to be actively supplying it with fund from somewhere either place of work or any means of income.  Surely discretionary income are like charge stored in the power bank, while a steady source of income are like electricity which can be used to charge the power bank and the Mobile device,  so we can not only prioritise using the Power bank to change our Mobile phone  without constantly changing the power bank. as a time will come when the power bank and the mobile device will be dead as a result of not have been charge neither
 the power bank or  mobile device. Thesame thing is applied to the investment aproach, what do you think?

Sure.  I still stand by what I say, and surely there are people who have irregular incomes, and they still will save and invest, and probably they would be better if they could make their income more steady, so anyone who has an irregular income may well need to keep a lot more back up funds if he wants to invest, and there are levels of priorities in terms of if the back up funds are running out then there may need to either be cuts in expenses and/or increased efforts and/or pressures to get a source of income.

Yea, I think you are very much correct on this here, because I know of some few individual who are contractor that their earnings aren't coming on a steady basis, but when it comes, it comes in block, I mean it's always huge, those people still invest in Bitcoin and their emergency funds they kept aside can cover up for them for the next four months period, though they don't buy regularly but anytime they hit a contract, they buy a huge fraction of Bitcoin, but it's amount that wouldn't be an issue in them financing their daily needs or having to tap into their emergency funds prematurely, so it's all boils down to the mindset and how an investor decide to plan to invest, because I believe that the will needs to be there, added with a proper planning, as long as you are earning a living either steady income weekly or monthly or the contractors type, you can still invest and be successful if you masters the act on what is required to hold successfully.

[cryptoWODL]

What a holder needs to understand is that the more Bitcoin he can hold, the more returns he will get. Everything here will depend on the amount. If a holder deposits $100 per week through DCA regularly, then his annual Bitcoin holding will be $100*52= $5200. If he holds it for at least 4 years, then $5200*4= $20800 and if it is spread over 10 years, then its amount will increase to $52000.

If an investor starts investing in the DCA method, do they have to buy the same amount of bitcoins every week or every month? No. The goal of this strategy is to buy bitcoin regularly, buy it immediately, buy it with as much as you can afford. What I mean by this is that Microstrategy one of the largest bitcoin holders of the time, Microstrategy is regularly buying bitcoins that is, This method of investing in their Bitcoin is the DCA investment method.

They are regularly buying bitcoins but their bitcoin purchases are sometimes low and sometimes increasing i.e. they are buying less bitcoins at one time and more bitcoins at another time. As a result, their Bitcoin buying spree continues.

So if we also adopt DCA in investment we should keep in mind to buy Bitcoins regularly. Maybe it can be less amount at some time and more amount at other times.

[Tonimez]

To survive in life, money is definitely needed, but I think the remaining money after meeting the basic needs of your family is definitely alive. However, there is no remaining or specific money allocation for investing in Bitcoin, there is enough level of investment that you can invest according to your ability. However, you should never see it as a burden, Bitcoin investment never asks you to invest more.
You will be interested in investing in Bitcoin according to your ability, but for it to last for a long time, you must use the DCA method. There is a calm strategy for investing in Bitcoin for both the rich and the poor, in which both new and old, rich and poor can invest here. So you should keep yourself busy only to buy Bitcoin.

You must not use DCA method, but whatever method applies to you at any point. We're in Christmas and most workers here receive handsome Christmas bonus attached to their pay, such a person can decide to front load with those benefits since it might be considered his discretionary income.

A poor person can hit a jackpot from lottery, or thereabout and have a lot of discretionary income at his disposal and in that case, it's better to lump sum rather than keeping the money and possibly ending up using it for unnecessary frivolities. At every point in time, it's very important to appraise yourself and determine the best accumulation strategy to employ in your journey as long as you don't get overly aggressive which is sometimes detrimental. The goal remains having more stashes of Bitcoin in your portfolio and hitting your accumulation target faster.

Why not? Because in the end everything can still be done and it does not mean that even poor people cannot do DCA because in the end as long as they can manage the income they have well in the end they can still do it even though maybe the nominal is not too big for DCA size.

Because in the end waiting also for now is not the right reason because it only delays them to be in bitcoin which could be a regret in the end and does not mean buying now is also said to be someone who is aggressive because after all the long term is a momentum that still has to be taken into account so that the longer you wait for the purchase, the longer you will be in bitcoin later, seeing that it would be better if done from now on while continuing to think about how we can continue to maintain the momentum of buying again and again with the money they get every month.
Although I will not say that waiting is wrong but in the end priorities must still come first so instead of you being tired of waiting for uncertainty it would be better to immediately adopt bitcoin while continuing to learn from now on for a possible future that will be much better.

I've been away from this talk for a day or two now. Going through the previous conversations, all I see is people willing to quench doubts and focus on reality of the future. Few days back while bitcoin was at 98k, I was discussing with a friend who was actually waiting for it to fall further before he can invest.
I tried to let him understand that every stage of bitcoin is a an investment stage and has potentials on long term investment if you can hold decisively. Today bitcoin has risen again above 104k. Buying bitcoin is the goal, not selling it. Infact selling of bitcoin can only be a last resort when it involves life. Let's make it a buy buy run and not a sell sell short term venture.

[Mayor of ogba]

The poor can only use one third of their daily income for investment.

Using one third of your income to invest in bitcoin as a poor man means that you might be investing over aggressively because you will not have much extra funds on you after taking care of your monthly expenses and needs. However, I think 10% of your income is cool to invest in bitcoin and not 33.33%.

It still all depends on how much is the poor person daily needs and discretionary income. It's his discretionary income that he can only  use to invest in bitcoin so that you don't use the funds for your basic needs to buy bitcoin, because it's gambling and you will sell your bitcoin in the short run when you needs arise.

You are right; if a poor man uses 33.33% of his income and invests in bitcoin, that means he or she is already investing in bitcoin aggressively because the remaining 66.66% of his or her income will not be enough to take care of his or her monthly expenses, which might make him or her sell off his or her bitcoin to get his or her monthly expenses sorted out. Bitcoin is a long-term investment, so there's no need to be aggressive in investing in bitcoin if you know too well it stops you from sorting out your daily expenses. As a poor man, using 10% of your monthly income is the best thing to do at the moment so that you will not find it hard to solve your daily expenses, but you can increase the percentage when you have work on your monthly income to a good one, which will give you good discretionary income to invest in bitcoin and also solve your daily expenses easily.

[Solokan]

You cannot invest or buy bitcoin daily. But weekly or monthly and a poor man cannot invest in bitcoin with one third of his discretionary income.

That's why its important before engaging on anything especially when dealing financial matters people should try all they can to make their selves financially stable.

Surely You can say "if they have a steady souce of income", instead of "Being financially stable" because this statement has caused a lot of people not to start investing in bitcoin as they ought to have invested, simple because they misinterpreted the word Being financialy stable to mean rich. some may look like they need to be rich before investing while the actual sense is having a constant souce of income to front load your bitcoin and or your discretion fund to be able to invest comfortably and regular with what you can afford to lose  either weekly or monthly.  

Newbies don't even have to have a steady source of income to invest into bitcoin, yet they do need to have discretionary income, so if their income is less steady, then they likely need to keep more back up funds to cover periods in which their income might not be steady.  

You are actually correct sir JJG,  but we all know that for back up or discretion fund to keep on working constantly we need to be actively supplying it with fund from somewhere either place of work or any means of income.  Surely discretionary income are like charge stored in the power bank, while a steady source of income are like electricity which can be used to charge the power bank and the Mobile device,  so we can not only prioritise using the Power bank to change our Mobile phone  without constantly changing the power bank. as a time will come when the power bank and the mobile device will be dead as a result of not have been charge neither
 the power bank or  mobile device. Thesame thing is applied to the investment aproach, what do you think?

Sure.  I still stand by what I say, and surely there are people who have irregular incomes, and they still will save and invest, and probably they would be better if they could make their income more steady, so anyone who has an irregular income may well need to keep a lot more back up funds if he wants to invest, and there are levels of priorities in terms of if the back up funds are running out then there may need to either be cuts in expenses and/or increased efforts and/or pressures to get a source of income.

This discussion seems increasingly interesting. In my opinion, to invest in BTC, our need to have a stable income and have reserve funds so that you can remain comfortable investing in BTC. and indeed we don't know how our economy will run smoothly according to expectations or not because of course we can't guarantee that we will always be able to get good profits or not every day. The point is that in business, of course there are times when there are losses.

so I agree with you @JayJuangee indeed for those who don't have a stable income it would be better if you increase your reserve funds and in my experience reserve funds also need to be increased over time even though we already have a stable income because the value of fiat currency is always affected by inflation, so I think that's the case too.

but yes, in my opinion, investing in BTC can certainly be done by anyone for those who are interested, even if, for example, our income is not stable, but what is certain is that by having BTC, buying it using money that is ready to be lost is certainly a better step than not buying at all. and what is certain is that it would be better as You suggested@JayJuangee, namely continuing to increase our income so that when we invest in BTC for the long term it can be safe and we can enjoy the results in our old age or retirement.

[SuperBitMan]

You cannot invest or buy bitcoin daily. But weekly or monthly and a poor man cannot invest in bitcoin with one third of his discretionary income.

That's why its important before engaging on anything especially when dealing financial matters people should try all they can to make their selves financially stable.

Surely You can say "if they have a steady souce of income", instead of "Being financially stable" because this statement has caused a lot of people not to start investing in bitcoin as they ought to have invested, simple because they misinterpreted the word Being financialy stable to mean rich. some may look like they need to be rich before investing while the actual sense is having a constant souce of income to front load your bitcoin and or your discretion fund to be able to invest comfortably and regular with what you can afford to lose  either weekly or monthly.  

Newbies don't even have to have a steady source of income to invest into bitcoin, yet they do need to have discretionary income, so if their income is less steady, then they likely need to keep more back up funds to cover periods in which their income might not be steady.  

You are actually correct sir JJG,  but we all know that for back up or discretion fund to keep on working constantly we need to be actively supplying it with fund from somewhere either place of work or any means of income.  Surely discretionary income are like charge stored in the power bank, while a steady source of income are like electricity which can be used to charge the power bank and the Mobile device,  so we can not only prioritise using the Power bank to change our Mobile phone  without constantly changing the power bank. as a time will come when the power bank and the mobile device will be dead as a result of not have been charge neither
 the power bank or  mobile device. Thesame thing is applied to the investment aproach, what do you think?

Sure.  I still stand by what I say, and surely there are people who have irregular incomes, and they still will save and invest, and probably they would be better if they could make their income more steady, so anyone who has an irregular income may well need to keep a lot more back up funds if he wants to invest, and there are levels of priorities in terms of if the back up funds are running out then there may need to either be cuts in expenses and/or increased efforts and/or pressures to get a source of income.

Well sir JJG you are correct that someone with irregular income flow can still invest in Bitcoin however not is all situation, in a situation where someone's income which is not regular comes with a very good reasonable amount is possible he or she can invest in Bitcoin and even have backup funds in place, however if such irregular income is very little or small to be honest it will be difficult to invest and succeed in it without one day dipping hands into his or her Bitcoin, and with such little irregular income having a good backup funds will take years to accumulate.
And yeah just like you said it will be better they make their income more steady.

[Ricardo11]

The poor can only use one third of their daily income for investment.

Using one third of your income to invest in bitcoin as a poor man means that you might be investing over aggressively because you will not have much extra funds on you after taking care of your monthly expenses and needs. However, I think 10% of your income is cool to invest in bitcoin and not 33.33%.

It still all depends on how much is the poor person daily needs and discretionary income. It's his discretionary income that he can only  use to invest in bitcoin so that you don't use the funds for your basic needs to buy bitcoin, because it's gambling and you will sell your bitcoin in the short run when you needs arise.

You are right; if a poor man uses 33.33% of his income and invests in bitcoin, that means he or she is already investing in bitcoin aggressively because the remaining 66.66% of his or her income will not be enough to take care of his or her monthly expenses, which might make him or her sell off his or her bitcoin to get his or her monthly expenses sorted out. Bitcoin is a long-term investment, so there's no need to be aggressive in investing in bitcoin if you know too well it stops you from sorting out your daily expenses. As a poor man, using 10% of your monthly income is the best thing to do at the moment so that you will not find it hard to solve your daily expenses, but you can increase the percentage when you have work on your monthly income to a good one, which will give you good discretionary income to invest in bitcoin and also solve your daily expenses easily.

DCA method is actually for this type of investment, where someone from a poor or middle-class family will regularly invest a percentage (no matter how small) of their income in Bitcoin. The percentage of investment will depend on the amount of their income. However, I think that a small part of the income, such as 10%, allocated for investment will be a satisfactory percentage of investment.
In the current era, the average income of every poor family is at least $150 to $200. And the average income of every middle-class family is at least $350 to $400, in this case, if a poor family invests 10% of Bitcoin on a monthly basis in DCA, its monthly Bitcoin investment will be $15 to $20, and a middle-class family's monthly investment will be $35 to $40 as 10%. But, if a middle-class person wants to invest 20% to 30% of their money, they can easily invest $100 in DCA on a monthly basis.
Therefore, it is enough to start investing this amount as their income, they can increase the percentage of investment as their income increases in the future. And thus they will continue to slowly grow their Bitcoin investment stash, and if it continues to do so in the long term (at least 10 years), they may get something better than they expected in the future, from which they will be able to improve their financial situation a lot in the future.

[Pi-network314159]

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Why not? Because in the end everything can still be done and it does not mean that even poor people cannot do DCA because in the end as long as they can manage the income they have well in the end they can still do it even though maybe the nominal is not too big for DCA size.

Because in the end waiting also for now is not the right reason because it only delays them to be in bitcoin which could be a regret in the end and does not mean buying now is also said to be someone who is aggressive because after all the long term is a momentum that still has to be taken into account so that the longer you wait for the purchase, the longer you will be in bitcoin later, seeing that it would be better if done from now on while continuing to think about how we can continue to maintain the momentum of buying again and again with the money they get every month.
Although I will not say that waiting is wrong but in the end priorities must still come first so instead of you being tired of waiting for uncertainty it would be better to immediately adopt bitcoin while continuing to learn from now on for a possible future that will be much better.

I've been away from this talk for a day or two now. Going through the previous conversations, all I see is people willing to quench doubts and focus on reality of the future. Few days back while bitcoin was at 98k, I was discussing with a friend who was actually waiting for it to fall further before he can invest.
I tried to let him understand that every stage of bitcoin is a an investment stage and has potentials on long term investment if you can hold decisively. Today bitcoin has risen again above 104k. Buying bitcoin is the goal, not selling it. Infact selling of bitcoin can only be a last resort when it involves life. Let's make it a buy buy run and not a sell sell short term venture.

I love the composure of your post and you are actually right.  especially the aspect you said "selling bitcoin should be  a last resort " I must agree with you because anyone who is investing for the motive of selling way to quickly or waiting for the best time to buy bitcoin is actually not ready for investment. although bitcoin investment permit a person to wait and buy the dip but it must not be the first option or priority but it must be in line with a regular DCA. meaning DCA must be the first option while while waiting to buy the dip be second option. 

[JayJuanGee]

[edited out]

that you are investing should even prompt you to put in extra work in ensuring that your income flow is at least constant and a bit predictable, so you don't get to halt in your investment multiple times just because you don't have a defined and regular income source. even if you are not investing in bitcoin, being careless about your income source is very dangerous and for the fact that you want to buy bitcoin for the long term, setting things in order is the prerequisite of a successful investment.

I don't disagree with anything that you are saying Marvelockg, even though there could be circumstances in which people are responsible yet do not have steady incomes, including in the situations of students or even in some situations in which some folks might take low paying jobs or engage in low paying activities in order to improve their job skills and their future employment and their future income.  These could be cases in which people still might have dilemmas about whether to invest in bitcoin, including that they could have bursts of income or even bursts of periods where they know they would be limited in their abilities to earn extra income.   They should not eliminate the possibility of investing into bitcoin even if there might be pauses in their ability to invest and surely they will have to set their priorities upon making sure that they can feed and shelter themselves.

back up funds is supposed to be a one-off thing where you build it and then allow it stay while concentrating on building your portfolio. in the course of building your portfolio, if you intend getting to your goal faster enough, you just have to take these little things seriously and ensure that if it will require that you intentionally get a job that pays you better or upscale or upgrade in what you do so your earnings becomes higher, you just have to do it knowing that in a brother perspective, while you are in the one trying to you are also growing in other aspect of your life. with an intentional plan, you might never have to touch your reserve funds but will just stick to your designated amount for your DCA investment.

For sure, there are levels of back up funds, and various kinds of reserve funds could be structured to tap into, and surely something like an emergency fund would be something that we should never have to tap into, so I am not really sure how to make all of the balances, yet I know that people sometimes will come from places of considerable poverty or lack of resources, yet they may well want to build up their job skills, so they may well have their youth and their energy going for them and they may well be able to spend considerable amount of time learning, networking and engaging in less financially lucrative activities for several years before they are able to potentially land better paying jobs.   Sometimes also a person might not be seeking a job that pays high, but instead kinds of jobs that they find interesting and bring meaning to them, which truly can hamper their abilities to invest and would affect how much back up funds that they are able to maintain.  Surely there are trade offs, and some folks might end up screwing up their own finances if they put themselves into situations where they are not able to invest into something like bitcoin, yet at the same time, if someone hardly has any marketable skills, then they might not really be able to invest into bitcoin either since their income might be barely enough to pay their expenses.  I am not going to claim to know the answers in regards to various individual factors that each person should be assessing and figuring out their various balances.

The poor can only use one third of their daily income for investment.

Using one third of your income to invest in bitcoin as a poor man means that you might be investing over aggressively because you will not have much extra funds on you after taking care of your monthly expenses and needs. However, I think 10% of your income is cool to invest in bitcoin and not 33.33%.

It still all depends on how much is the poor person daily needs and discretionary income. It's his discretionary income that he can only  use to invest in bitcoin so that you don't use the funds for your basic needs to buy bitcoin, because it's gambling and you will sell your bitcoin in the short run when you needs arise.

You are right; if a poor man uses 33.33% of his income and invests in bitcoin, that means he or she is already investing in bitcoin aggressively because the remaining 66.66% of his or her income will not be enough to take care of his or her monthly expenses, which might make him or her sell off his or her bitcoin to get his or her monthly expenses sorted out. Bitcoin is a long-term investment, so there's no need to be aggressive in investing in bitcoin if you know too well it stops you from sorting out your daily expenses. As a poor man, using 10% of your monthly income is the best thing to do at the moment so that you will not find it hard to solve your daily expenses, but you can increase the percentage when you have work on your monthly income to a good one, which will give you good discretionary income to invest in bitcoin and also solve your daily expenses easily.

There is nothing wrong with being as aggressive as you are able to be, so long as you are not being overly aggressive.  If a person is spending beyond their discretionary income, they are being too aggressive, and probably even spending all of your discretionary income on investing into bitcoin is being overly aggressive, yet each person has to judge for himself in regards to how aggressive that he is able to be, and if he makes any mistakes in terms of investing into bitcoin beyond his discretionary income, then he has to figure out how to absorb such mistakes... and hopefully such mistakes are not so large as to take him out of his investment.  We all make mistakes, yet we have to figure out balances so that our mistakes end up being largely minor mistakes rather than major mistakes.

[avp2306]

There is nothing wrong with being as aggressive as you are able to be, so long as you are not being overly aggressive.  If a person is spending beyond their discretionary income, they are being too aggressive, and probably even spending all of your discretionary income on investing into bitcoin is being overly aggressive, yet each person has to judge for himself in regards to how aggressive that he is able to be, and if he makes any mistakes in terms of investing into bitcoin beyond his discretionary income, then he has to figure out how to absorb such mistakes... and hopefully such mistakes are not so large as to take him out of his investment.  We all make mistakes, yet we have to figure out balances so that our mistakes end up being largely minor mistakes rather than major mistakes.

Some people have this misconception that if they are to aggressive on their investment they might fall short or get in trouble with those decision they made. But actually if they try to figure out the whole activity they do there's nothing wrong about it especially if they are doing DCA. The more aggressive they are for accumulating to more volume they could get which is somehow beneficial for them in future. What I think wrong with being aggressive is if they are into trading since from that for sure that they are engaging with more bigger risk especially if they don't think on what they are doing and just buy those damn shitcoins in the market.

There's no perfect investor but what's important there is we know how to correct those mistakes we made and learn to correct so that next time we could do better moves that can potential give us good benefits in future.

[Sebas.tian]

The poor can only use one third of their daily income for investment.

Using one third of your income to invest in bitcoin as a poor man means that you might be investing over aggressively because you will not have much extra funds on you after taking care of your monthly expenses and needs. However, I think 10% of your income is cool to invest in bitcoin and not 33.33%.

It still all depends on how much is the poor person daily needs and discretionary income. It's his discretionary income that he can only  use to invest in bitcoin so that you don't use the funds for your basic needs to buy bitcoin, because it's gambling and you will sell your bitcoin in the short run when you needs arise.

You are right; if a poor man uses 33.33% of his income and invests in bitcoin, that means he or she is already investing in bitcoin aggressively because the remaining 66.66% of his or her income will not be enough to take care of his or her monthly expenses, which might make him or her sell off his or her bitcoin to get his or her monthly expenses sorted out. Bitcoin is a long-term investment, so there's no need to be aggressive in investing in bitcoin if you know too well it stops you from sorting out your daily expenses. As a poor man, using 10% of your monthly income is the best thing to do at the moment so that you will not find it hard to solve your daily expenses, but you can increase the percentage when you have work on your monthly income to a good one, which will give you good discretionary income to invest in bitcoin and also solve your daily expenses easily.

DCA method is actually for this type of investment, where someone from a poor or middle-class family will regularly invest a percentage (no matter how small) of their income in Bitcoin. The percentage of investment will depend on the amount of their income. However, I think that a small part of the income, such as 10%, allocated for investment will be a satisfactory percentage of investment.
In the current era, the average income of every poor family is at least $150 to $200. And the average income of every middle-class family is at least $350 to $400, in this case, if a poor family invests 10% of Bitcoin on a monthly basis in DCA, its monthly Bitcoin investment will be $15 to $20, and a middle-class family's monthly investment will be $35 to $40 as 10%. But, if a middle-class person wants to invest 20% to 30% of their money, they can easily invest $100 in DCA on a monthly basis.
Therefore, it is enough to start investing this amount as their income, they can increase the percentage of investment as their income increases in the future. And thus they will continue to slowly grow their Bitcoin investment stash, and if it continues to do so in the long term (at least 10 years), they may get something better than they expected in the future, from which they will be able to improve their financial situation a lot in the future.

That is how some people use to enriched themselves in this community, because they take the advantage of dollar cost average method to continue purchasing Bitcoin from both bullish season and bearish season, because they know that before they will trade the Bitcoin the price will double up for them to achieve passive income from their holding. You don't need to have huge amount of capital before you can start using dollar cost average method to accumulate Bitcoin, because you can use any amount of funds to purchase Bitcoin but let it be in the bearish season, because that is what will make your wish to come to reality when you are about to release them for sale in the market and you will like using that method to accumulate Bitcoin. I have try it and it favour me in the past which am still using dollar cost average method to accumulate Bitcoin whenever the bearish season appear, because I have other sources of income that is making me not to sell Bitcoin in a short term.