There are people who do not have a stable monthly income like normal salaried workers, but they may have a source of income based on projects, seasons or business, so the accumulation can be different a little bit. Maybe they won't buy every day or every week, but will buy when they receive money and buy according to the percentage of income they have. Regardless of whether that source of income is stable or unstable, more or less, it does not affect your purchase of Bitcoin, unless you do not earn income. Not being able to buy every day or every week for people who do not have a stable income can cause them a bit of difficulty as cumulative buying habits are more difficult to establish than for people with a stable income. Too much buying distance can reduce their discipline in buying.
Regarding not stable monthly or weekly income is not problem with how much dollar accumulate for investing in bitcoin possibility invest weekly or monthly. I think very important about decision want to accumulate keep investing in bitcoin indeed not get stable with salary income, since close ahead of Eid al-Fitr I have smart with spending my income and little reduce for investing in bitcoin but promising for my self one month later will accumulate more fund for investing in bitcoin.
Effective way to invest in Bitcoin requires that you set aside emergency funds for any emergency spending you might encounter. If you have such arrangement in place, this Eid Al-Fitr will not make you reduce your investment or adjust your investment schedule because the emergency funds would have taken care of that. Going forward, I strongly recommend you setting up emergency funds because it will help you with events like the one that is happening now.
I learnt about the emergency fund aspect of investing from this thread and it has helped me a lot in that it makes me never worried or anxious of selling because all the basic things I need are sorted and there is no pressure on the investment whatsoever.
I agree with everything that you are saying Odohu, yet I think that it might be misleading to suggest that an emergency fund should be used for regular variations in income, which maybe if we might be thinking about emergency fund as also covering our reserves and our monthly float, so we likely would not be taking from our emergency fund to invest in bitcoin, but we may well be taking from our reserves... ..
I understand you well JayJuanGee and I appreciate your corrections. I think it is my choice of words that made my submission look a little off from what it should mean. I'm not by any means suggesting that emergency funds should replay funds for basic needs or other things of importance. I also failed to specify that emergency funds should just be used for emergencies only and the religious celebration mentioned does not qualify as emergency as it is a yearly event that someone, who consider it important, should already be saving towards.
but there is hardly any way to know how much to hold back for buying on dips, so we are likely better off to just be consistent, persistent and ongoing in our stacking of sats until at some point the size of our BTC stash and it's dollar value compared to other assets that we have and our annual income (or our expenses) is going to help to inform us to the extent to which we might want to start to switch away from a strict ongoing BTC accumulation practice and into a bit more of a modified BTC accumulation practice.
It is this need for consistency that makes the DCA method a preferred option for many beginners investors, especially those who have been following this discussion. Many of us are gainfully invested in Bitcoin today even in such a manner that we are relaxed and not disturbed by the market fluctuations, all thanks to the knowledge gained here about the DCA method and other important ingredients that make investing in Bitcoin sweet and convenient.