Somehow, you understand what he meant, but pointing out how poor his English was in communicating was your priority. Dont blame someone for how they speak or write because not everyone is good at that, but listen to the comment, there is meaning in what they are actually trying to communicate to us.

Figuring out discretionary income simply means knowing how to calculate it from the total income. It is very simple to do that by percentage. The investor should go and read about percentages or ask anyone to do it for them, that's all.

Maybe he is not aware that a newbie getting to know the difference between the two wallet he mentioned has shifted from basic knowledge.
I do not know it is difficult for some people to understand that as long as an intending investors has their discreationary income present, such investors should not be waiting further again, basic knowledge is basic, a newbie do not need to know much or do advanced research since many things can be learned while a newbie continues to invest, there things that can cause delay and obstacles in the way of a beginner, such things are not welcomed, many OGs started without having much knowledge but today they have a bulky portfolio and has learning many thing along the line, intending investors should get the message straight and wait no further if they still waiting to gather all the knowledge which amounts to nothing if they are not into it.

It is important that we start with the basic idea, if we start without complete knowledge, then we will have the possibility of failure, because where we do not have a good understanding, there can be a panic attitude that can easily lead us to losses. Therefore, it is necessary to start by gaining our basic knowledge, then we can continue to research better while keeping the investment driven, and learn Bitcoin better. This helps us to avoid the mistakes that are likely to be made in the initial stage, and it gives us the opportunity to hold our investment with more confidence.

Knowledge is power, and that is why if you are interested in investing in Bitcoin, you need to know what investing in Bitcoin is about, and with the way the topic is, DCA did not just inspire newbies alone but also people that have been investing for a long time. So it is for everyone, and the way it is, I have seen DCA give people hope, and since the Bitcoin investment is a long-time investment, then using DCA is one of the best options at this time, and I think newbies need to key into the DCA method and the way people are adopting bitcoin that is why people are loving and planning. on how they can invest in Bitcoin because people's interest has grown at this point.

You can use different words to describe, yet the range of whimpy to aggressive are not meant to be judgmental since they are descriptions of personal decisions in regards to priorities, and they are not meant to be praising or denigrating, since each person chooses his exact level that he wants to put into bitcoin as compared to with other places such as back up funds and/or discretionary consumption within a range of possibilities that would be acceptable within his discretionary income. 

A bitcoin investor can consistently invest on one end of the range or the other or he could vary his level of aggressiveness versus whimpiness based on whatever reasons that he likes.
 
So I frequently will suggest that guys try to figure out ways to invest into bitcoin as aggressively as they can without overdoing it, yet it does not matter what I say, since guys have to find their own comfort level including that if they overly invest into bitcoin and make a mistake by misunderstanding me and they think that aggressive is the same as overaggressive, then they are going to be the one who has to pay for their mistake of overdoing it.

So, surely, I agree that there is importance with survival, even  for guys who want to invest aggressively into bitcoin, it likely continues to be a good thing if they are making sure to also put some money into back up funds and also to use some of their discretionary funds for discretionary consumption, too.


Well, yeah, some guys are likely using non-discretionary funds to buy bitcoin, since they really are not planning to invest in bitcoin and and hold it for 4-10 years or more, so they are trading/gambling rather than investing, but they are trying to figure out how to accomplish a trade that will be profitable within their timeline which is less than 4 years.

So, yeah, it can be difficult for some guys to actually assure that they have discretionary funds to be able to invest into bitcoin... which they probably should not be investing in bitcoin unless they are sure that they have a sufficient amount of discretionary funds... but that is a determination that each of us has to make in regards to both whether we can and then how much we are able to invest into bitcoin, whether it is weekly or some other time period that we are making our investments.


Rent and emergency funds are not in the same category.  Emergency funds are not part of basic expenses.

You build up your emergency funds from discretionary funds, so basic expenses are all expenses that are currently due that month and cannot be deferred. Emergency funds are extra funds that you have in case you don't have enough income to pay for your basic expenses in any given month.. and emergency funds are also to help to protect your bitcoin holdings so that you don't have to tap into your bitcoin at a time that is not of your own choosing.

Many people think of Bitcoin as a get rich quick machine and that is where they make the biggest mistake. When the market doesn't go their way, Fear greed and frustration work together. Those who understand from the beginning that Bitcoin is a long term game are the ones who gradually survive. This is also the reason why the DCA strategy is so popular. There is no need to catch perfect timing here. It is not necessary to know everything to start. Many people never start without doing additional research. The journey can be started with a small amount, and with time, everything about market psychology and risk management is learned. Every small buy may seem insignificant today, but years later that disciplined accumulation can make the biggest difference. Bitcoin rewards patience more than emotions.

I agree with you, in terms of investing the basic principles of financial management are certainly important and must be well thought out because in my opinion this is one of the steps that has an important role because it can determine our future including the investments we make. And with the price going down to make losses inevitable it is a natural thing because that is the risk. With what I bolded I fully agree that even though we are investing for a better future but we also have to be able to balance it with our circumstances so that's why it's better to do it according to our abilities.

In a case where guys are using non- discretionary income, they are likely to be investing for short period of time and also likely to be traders rather than investors then we can say they going about bitcoin the wrong way, because we all know Bitcoin sole purpose as an investor is to accumulate as much as you can using the discretionary income to help build a good future. Most times the reason why bitcoin traders fails is because they are being ignorance about the volatility nature of bitcoin.

That is why I say that if you want to invest in Bitcoin with a prudent income and keep it for a long time, you must follow the DCO method. Whether it is a low-income person or a high-income person, if you invest in Bitcoin according to this DCA method, you will definitely be able to keep your Bitcoin investment for a long time. Because this DCA method definitely attracts the investor to buy Bitcoin consistently on a weekly and monthly basis.
That is why the DCA method is the best and best strategy, if you invest in Bitcoin according to this strategy, you will definitely succeed in your investment and the portfolio grows quickly due to taking the opportunity to buy Bitcoin repeatedly. And the investor can be successful in this and can gain more benefits because the DCA method plays an effective role in both the dumping season and the pumping season.