Snip
do you think it's better for someone in your cousin's situation to invest in Bitcoin gradually as he stabilizes his income, or should he wait until he has a more secure financial footing?
Well, I don't have any cousins in such a situation, but above, I have already stated my opinion, which is what I think can equally be done.
If, for example, you had a job before and were receiving a better salary, then it is possible you must have savings, right? So, if peradventure the job ended and you were jobless at that moment but you already have about $5k or $10k in your savings balance, I would advise you to either invest 40% in Bitcoin, 35% in some daily business, and 15% for personal use to sustain yourself till you probably get another job, then theremaining 10% can go into a savings balance in case of emergencies.
If you don't have an idea for any business, then you can invest more in Bitcoin and also keep enough savings that can better sustain you until you get a better job.
Depending on the availability of jobs in your country, you can predict how long it's going to take before you get another job.
If you want to wait till you have a better financial status, then my question is, why did the person not invest in Bitcoin at an early time when they still had their first job? While waiting till they were jobless before they had the idea to invest?.