-snip-
The point is that DCA must not be applied by individuals with regular incomes, even those with incomes that are not regular can apply the DCA method.
That's right, I agree with that method. To start DCA it is not necessary to have a fixed income - if someone has an income only once in a while, if he is good at managing his finances, he can set aside a part of his income to be able to carry out DCA for some time. Even though this is quite difficult for some people, if the person is consistent and able to manage their finances well, it shouldn't be a problem for them.
I disagree......! It is important that you have enough income to sustain the DCA method. You have to manage enough money to meet the daily needs of yourself and your family.
Of course....you have to need money.... you need to sufficient income for start DCA. If you have no sufficient money how can you start DCA.... Even if you not Meetup your daily needs how can you decide to put money through DCA strategies. At first you will meet the daily needs to yourself and your family than others activities. If you not survive today, what will be done in future. Yes you must be HOLD Bitcoin, you must be DCA strategies after maintenance of your beloved family. How much money do you invest through DCA strategies it's depend on daily, weekly or monthly income basis. One of the best facilities of DCA strategies that it does not getting pressure to investors.
I think there is a mistake from odohu, maybe a typo error but I think he ought to say that it's not necessary to have a consistent income to use DCA which is very right as explained by himand the person that replied to that.
Your right in a way too if you look at it from the perspective that the inconsistent income might not be enough to Carter for himself and families he has one and also his investment which needs some kind of extra preparation like keeping emergency funds and reserves.
But investing requires some basic intelligence like planning and everyone must know his numbers quite well to invest
(disposal income and expenses) cause this is actually how we would know if we can afford to invest or not, if your income is too low and can't Carter properly for your needs whether it came inconsistently or consistently you are taking a risk by investing in bitcoin and it is gambling rather than investing cause surely you can build your emergency funds and your investment is not even safe so your most likely to sell later.
What you should rather do in situations like this is to find a way to get a much higher income to be able to invest and also take care of yourself.
Now anyone can use DCA as long as he has disposable funds whether his income is inconsistent or consistent, if he has enough to build his emergency fund and also cater for needs he can DCA, ao the problem isn't how the income comes but how much enters and if has enough or disposable funds to allocate to bitcoin after knowing his expense, keeping floats and having a stable financial state.