Quote from: Agbamoni on Today at 11:21:25 PM

Quote from: Odohu on Today at 07:00:59 AM

Quote from: JayJuanGee on September 15, 2023, 06:01:51 PM

I like to think about the non-steady income in a couple of parts.

The first part is just figuring out what is your worst-case scenarios, what are your best case scenarios and what is your average... So then with that information you can try to project ahead, and most likely mostly using some combination of the worst-case scenarios and the average in order to figure out how much money you need to keep in your emergency fund in order to cover those situations in which the worst-case scenarios ended up playing out rather than the average case scenarios.

So, even though not necessarily likely worst-case scenarios could end up playing out for 6-12 months or more, and so the emergency cash fund should be able to cover the gap between what you need to live and what kind of income is coming in. Hopefully, you are already spending (your monthly expenses) somewhere less than your average case scenario which should then cause for an ability to invest (or DCA) with part of the amount that you are living below your average case scenario. and sure if the worse case scenario persists for a long time, you may well end up needing to either reduce or eliminate your DCA purchases of bitcoin, but if you have planned in advance you should not necessarily need to stop your DCA, and for sure, you do not want to end up putting yourself in a position in which you end up having to sell any of your BTC during periods in which worse case scenarios are playing out.. which likely would mean that you had not sufficiently prepared in terms of your emergency fund and/or the ways that you had been choosing to live in order to make sure that you are generally living below the amount of your average case scenarios rather than spending more than that.

As student, it is easy getting $10 per week for low income country oike mine but sometimes it gets as high as $50. For a student in this situation that want to start investing in Bitcoin, a DCA of $10 per week will be more feasible

You're hitting on a point that I found very interesting, investing as a student can be very difficult because there are other factors that could come up impromptu to spend money on in the school. Am not talking about student who spend so much on alcohol, hookers 😂😂 or whatever. I meant sometimes you might be asked to get a handout, textbook or to print some document so urgently and that alone can spoil the plan of investing the $10 every week. Don't you think it is best to set a monthly target or per semester so that withing that period you can invest huge whenever there is more money left in the week and invest less when the money let for a week is little but at the end you meet your target.

Even though you are moving around the facts a bit @Agbamoni, you are not really changing them significantly enough in order to be saying anything different from what @Odohu or I was trying to say.

If you have an income that comes in for a semester or twice a year for school, then you can surely divide that up for however, many weeks are within each semester.. .. and then even choose NOT to actually use any of the weekly allowance to buy bitcoin until after you know for sure what your weeks expenses are going to be, whether they are basic expenses or the more extravagant hookers, lambos and blow (or alcohol) type of expenses.

To me, it seems that @Odohu was suggesting that the income or the expenses were not as steady as what you are describing having a set amount for each semester... but then if there might be some side incomes or even side expenses, that could cause the weekly budget to vary, then there can be some flexibility in terms of whether $10 per week would be available for the purchase of bitcoin on the worst of the weeks or whether $50 might be available on the weeks in which there was more surplus cash available.

Quote from: Agbamoni on Today at 11:21:25 PM

Quote from: Ryu_Ar1 on Today at 07:26:36 PM

Quote from: Agbamoni on September 15, 2023, 09:27:10 PM

Another factor can be based on the increase in price of goods and services in a country, whereby the persons salary no longer meets the requirements of the things that is needed to sustain one's self. I think that have enough effect to alter one's DCAing in accumulating Bitcoin

IMO when you say the actual salary factor it doesn't change any views on the DCA issue.
Indeed, now we are in a really difficult condition and sometimes the income we have is very sufficient with expenses that are getting more and more expensive, but when we understand and can manage those needs well, investing and doing DCA will not be hampered by that because we can adjust the budget we have from the income in a month for daily needs including unexpected needs and to be in investment.
I think we already understand and can be flexible with something like this because of course the initial concept should start when thinking that this investment is only a portion or a few per cent of what we collect from the monthly salary.

This should be brought into a stated fact that inflation can harm one's level of DCAing.
If there should be an inflation in a country economy and the salary of that person remains the same there must be an effect on the person's method of accumulating Bitcoin. Not minding the emergency and most people get into debt as a result of there salary not meeting up to there basic need

This point has already been addressed several times including that if the inflation comes, then maybe a person has to make his/her emergency fund greater in order to account for the inflation, and maybe at some point s/he might have to lessen or discontinue DCA'ing into bitcoin.. but hopefully none of the inflation becomes so bad that the BTC accumulator has to sell BTC at a time that is other than any time of his/her own choosing... which also just signifies that there are needs to be careful in terms of not over investing and trying to anticipate expenses, including inflation. and sure sometimes inflation is truly beyond expectations, but it probably is not as much beyond expecation than most of us already know that it happens and it happens in some places more than in other places and sometimes we have to attempt to prepare for those kinds of things (which is another reason to be investing into bitocin for the long term.. maybe even 20-30 years and in that regard, even though the inflation is hurting in the short term, hopefully investing into bitcoin will give more options in the long run, but bitcoin is not going to give any options if you end up having to sell them early because you failed/refused to get your financial and psychological shit together enough in order to make sure that you don't get yourself reckt. and ONLY invest with your extra money, not the money that you need to live on.