You cannot invest or buy bitcoin daily. But weekly or monthly and a poor man cannot invest in bitcoin with one third of his discretionary income.
That's why its important before engaging on anything especially when dealing financial matters
people should try all they can to make their selves financially stable.
Surely You can say "
if they have a steady souce of income", instead of
"Being financially stable" because this statement has caused a lot of people not to start investing in bitcoin as they ought to have invested, simple because they misinterpreted the word Being financialy stable to mean rich. some may look like they need to be rich before investing while the actual sense is having a constant souce of income to front load your bitcoin and or your discretion fund to be able to invest comfortably and regular with what you can afford to lose either weekly or monthly.
Newbies don't even have to have a steady source of income to invest into bitcoin, yet they do need to have discretionary income, so if their income is less steady, then they likely need to keep more back up funds to cover periods in which their income might not be steady.
You are actually correct sir JJG, but we all know that for back up or discretion fund to keep on working constantly we need to be actively supplying it with fund from somewhere either place of work or any means of income. Surely discretionary income are like charge stored in the power bank, while a steady source of income are like electricity which can be used to charge the power bank and the Mobile device, so we can not only prioritise using the Power bank to change our Mobile phone without constantly changing the power bank. as a time will come when the power bank and the mobile device will be dead as a result of not have been charge neither
the power bank or mobile device. Thesame thing is applied to the investment aproach, what do you think?
Sure. I still stand by what I say, and surely there are people who have irregular incomes, and they still will save and invest, and probably they would be better if they could make their income more steady, so anyone who has an irregular income may well need to keep a lot more back up funds if he wants to invest, and there are levels of priorities in terms of if the back up funds are running out then there may need to either be cuts in expenses and/or increased efforts and/or pressures to get a source of income.
This discussion seems increasingly interesting. In my opinion, to invest in BTC, you need to have a stable income and have reserve funds so that you can remain comfortable investing in BTC. and indeed we don't know how our economy will run smoothly according to expectations or not because of course we can't guarantee that we will always be able to get good profits or not every day. The point is that in business, of course there are times when there are losses.
so I agree with you @JayJuangee indeed for those who don't have a stable income it would be better if you increase your reserve funds and in my experience reserve funds also need to be increased over time even though we already have a stable income because the value of fiat currency is always affected by inflation, so I think that's the case too.
but yes, in my opinion, investing in BTC can certainly be done by anyone for those who are interested, even if, for example, our income is not stable, but what is certain is that by having BTC, buying it using money that is ready to be lost is certainly a better step than not buying at all. and what is certain is that it would be better as You suggested@JayJuangee, namely continuing to increase our income so that when we invest in BTC for the long term it can be safe and we can enjoy the results in our old age or retirement.