The best way to invest in bitcoin is to always invest with our discretionary income, weather at some point in time we were able to get some extra funds added to our income, we still have to be able to sort out our expenses and other primary financial obligations first before investing in bitcoin. Discretionary income is not the same as buying strategies, (lump summing) although nothing stops an investor to decide to lump sum at some time during his accumulation of bitcoin depending on the cash flow or with the money they already have and also if additional money comes in, even at that instance, one must still be able to sort out his major primary financial obligations first, and then use the remaining money or money left with you (discretionary income) for bitcoin investment. I said this contrary to your statement above where you said “instead of discretionary income, you can start investing in bitcoin”. For me, such statement sound misleading and contradictory when it comes to bitcoin investment because from experience gathered, it’s widely believed and accepted that any investment done without our discretionary income is no longer an investment but a gamble. Investment in bitcoin should be done with our discretionary income, if we don’t invest with our discretionary income then we are only gambling and at such sooner or later, it’s only but a matter of time before the investor starts getting the results and pay the price of not investing with a discretionary income. Or are you trying to say that one should use money meant to settle other major financial obligations for investment purposes, such statement looks contradictory and misleading especially to the newbies.

point of correction we don't talk about shitcoins here because nobody is interested in holding shitcoins, so if you want to discuss about shitcoins there is a board for that altcoins discussion. Secondly  we are not interested in what direction it's trends will go next, why because we are not traders we are long term investors who have seen the potentials in bitcoin. Thirdly those who panic and sold there bitcoin where never in for long term holding they came with the mindset of a trader. Fourthly no doubt that in some countries bitcoin was banned by their government, but thinking that investing in bitcoin is risky because you're afraid that the government can banned bitcoin at anytime is stupidity, because the government already tried several times to banned bitcoin but failed , and for the fact that bitcoin was banned in countries doesn't mean that bitcoin will be banned generally by the government so better start thinking straight. Lastly there is possibility of hacking no doubts, but it is your responsibility to protect your wallets from getting hacked, and nobody is saying that  you should invest all your hard earned money in bitcoin at once, you are only to accumulate bitcoin with your leftover money (discretionary income) after you must have settled your basic needs and expenses so stop getting things twisted.

Well I think what have been said it’s absolutely true, but at the same time people make different decisions in life, which is why I think that having a long term investment for 1-2 circle is really not a bad idea, but that doesn’t mean that we can’t continue with our investment if we have other plans, but I absolutely don’t think there is anything wrong with holding Bitcoin for 20-30 years if we want too, but at some point we should also consider our cashflow as well to proceed with that purpose, having different cashflow would help in a long run to accumulate more bitcoin, but our age doesn’t matter when it comes to investing in Bitcoin, but we also consider how long we could be able to accumulate Bitcoin in a long term, longevity is very important.

I think the worst decision we could take is buying and trading Bitcoin, which is why we can continue buying and holding Bitcoin for a very long term, bitcoin is meant to be invested for a long term whichever way that we feel comfortable to invest in a long term most likely if we can go for 20 years and 30 years which I think it’s really not a bad idea, all this would definitely be a personal decision.

Of course, there is risk involved in Bitcoin, no one can guarantee 100% profit, so you have to invest with risk, and according to past history, those who have held BTC for a long time have made profits, so long-term investment can be expected to make profits.
Now those who panic and sell when the price drops have not planned for the long term, or they do not have a proper idea about Bitcoin. So they make such a decision, if someone plans to invest for the long term, they do not panic when the price drops, but rather take advantage of the opportunity to buy at a low price.
However, Bitcoin is banned in our country, but we invested in secrecy, and we know that Bitcoin is not controlled by the government of any country, so we can invest even if the government bans Bitcoin.

I disagree with you. Greed and the resulting mindset of getting rich overnight can severely damage you financially. Especially when we are discussing Bitcoin investment here and one thing we always say is to be patient and have a long term mindset when investing. If you want to get rich in a very short time, it will make you greedy and you will either lean towards short term trading or gambling. Getting rich in a very short time is mostly not possible. There are some lucky ones among them who can get rich in a short time. Maybe you dream of getting rich in a very short time but it will most likely tempt you towards gambling or buying short term risky shitcoins.

I totally agree with that Bitcoin doesn't discriminate if actual you are from a poor background or from a rich background, on what justify you from investing is the ability of your having your discretionary income available to be able invest at anytime you pleases, the only difference between the poor and the rich when it comes to Bitcoin investments is that, any poor investors will still be stronglying in building up his Bitcoin portfolio and some times because of the poor background he can be able to wait for a longer term as the rich person can be able to hodl Bitcoin portfolio in a longer term than the poor because he has the income available always that he can still investing aggressively.

Yes they want to get millions of dollars in short time without taking into account hard times. You are absolutely correct that patience is most important thing that Bitcoin will make since its price does not just go up, it is very unstable so that when price falls many beginners sell without looking at huge growth that happens over time and that can only be seen over many years. History shows that people who became rich today are ones who bought Bitcoin years ago and just held their coins through huge ups and downs, which shows that they are not lucky, but other careful and patient people, and thus, clear lesson to any newcomer is to think like long term investor, not short term gambler.

You are bringing up a very important point and yes holding Bitcoin for the long term can be a smart choice  even though everyone has their own way of doing things. Holding it for 20 or 30 years is fine, as long as it fits your plan and you manage your money along the way. It’s easier and less stressful to buy Bitcoin if you have more than one way of earning money. Age doesn’t matter here what really matters is how long you can keep investing and stay patient.

No one can stop anybody from investing into bitcoin because it's beyond their control. This is why we need to invest in bitcoin for long and safe our funds from inflation and government control. Bitcoin investment should be done for the future and not for immediate profits because you will regret gambling with your bitcoin in future when bitcoin price is very expensive just as those early investors who sold very early are still regretting their actions.

Those who have the mentality of achieving short-term gains from Bitcoin will be deprived of long-term success, and they will regret it in the future. Those who know the potential of Bitcoin, and have been able to build faith in holding Bitcoin for the long term, if they can really hold it effectively for the long term, then they will definitely have the possibility of achieving much better success from it, so refrain from thinking about short-term success, those who have this mentality, they can never achieve anything good, rather as a result they always face losses and are deprived of long-term success.