This is why it is not good to be waiting and piling up your funds in fiat when you already have an additional income which you can use to invest in bitcoin without a problem and hodli for long. It is never risky because you started earlier than waiting, and you are on a long term bitcoin journey using DCA strategy which will reduce the risk in bitcoin investment due to its volatile nature. You should also note that the price that you are buying today, might not be the price you will next next year because bitcoin price increases overtime, and this is why the investors who bought early are in great profit. The cheaper the price the easier for you to accumulate more bitcoin, and the higher the price of bitcoin the harder it becomes to accumulate more bitcoin. Don't wait in poverty instead of fighting your way out of poverty with investing in bitcoin immediately you have the money
Waiting and piling up the cash in fiat before you buy is totally the wrong approach if you ask me because Bitcoin isn't a stable coins and you can't expect the price to sit around and wait for you to gather all the money first before you now use when you are satisfied with the money for investment. The right thing to do is simply to keep striving to accumulate just like you have stated with the little earning so that you can meet up with atleast the lower price because you can't tell when the price might go up or even down.
Even though bitcoin is not a stable coin that shouldn't discourage who wants to save up money to invest from investing in a wrong time, note, as the price isn't stable it makes it easier for any investor to save and invest whenever he wants to as no time is late to invest and to take profit. I
think it is right to have have a stable income before investing in bitcoin since it will reduce the panic and fear of the investor but anyone who is investing with a little earning will only be hoping to get a quick profit which may never happen easily unless the price increased tremendously after investing so I think saving enough money and having a good and stable income should be considered by anyone before holding bitcoin.You don't need to have a stable income before you start investing into bitcoin, you can start with what ever amount you have, waiting to stabilise before investing in Bitcoin is not the right thign to do cause you can start while you put yourself in a better position by looking for a stable source of income, let's assume a guy that receives 100$ as a birthday gift and wants to buy bitcoin, although it's it's a steady income he can decide to invest up to 50$ into bitcoin or less depending on his expenses and what matters most is taht he has already started and when he has another money he can buy again and by the time he is stable he might already have some money invested into bitcoin, besides it's a long term approach so he has time to fix himself as he accumulates bitcoin.
Your wrong to think that the reason people panic is cause they don't have a stable source of income, rather why people would easily panic is when they invest more than they can afford to leave in bitcoin or above their discretionary income, let's not forget taht any amount put into bitcoin should be considered gone untill your investment has mature and that can be up to 4 years or more, so that why it's best to invest out of your disposable or discretionary income to avoid easy panic or fear.
Buying bitcoin with the money that was given to you on tour birthday is a wise decision but how will you hodli that bitcoin for long when you don't have a means of income. If you are faced with a big challenge, you will not hesitate to sell your bitcoin to solve the problem and become a no coiner. Even investors that have a regular means of income do sell their bitcoin if they don't have an emergency funds. No bitcoin investment will grow without a source of income and an emergency funds.
You have bought bitcoin and you cannot continue investing to grow your bitcoin portfolio, and it is just stagnant, you might not have any profit for a long time especially if bitcoin price is below your entry point overtime. The aim of investing is to grow your bitcoin investment to a particular size that will be able to give your some profits over time, and also keeping the value of your funds from depreciating. The first thing to do if you want to invest in bitcoin is to get a means of income , from there you can take from your discretionary income to buy bitcoin regularly using DCA weekly or monthly consistently without stopping for 4-10 years.
Emergency funds is very important, and you can use the left over from your discretionary income to build your emergency funds up to 3-6 months, after which you can also build your reserve funds. All these put together with discipline will make you not sell your bitcoin before time.