Bitcoin is all about taking advantage to invest and be profitable at it, this may come by any chance and at any time, for us to be an investor, we may not have to depend on having a discretionary income which some also called a fixed source, instead we can have one or two sources to the income being generated, then plan on the accumulation pattern for our asset and device a strategy to use like DCA, which could best be applicable as at when we are capable enough to buy and hold as the market dips and as we are having our income flow coming.
Could this be another way of saying having a plan to consciously use DCA without having to depend solely on discretionary income? I agree with you only when there are other sources of income. For a skilled person whom in most case earn high or someone who can carryout multiple jobs before the end of the month it's much easier to apply DCA without depending on discretionary income because they have constant flow of money.
But a scenario where this opportunities are rare. I mean having the chance to earn more income then the only option is to depend on the available income which in this case fall back to the discretionary income.
I think it's the same as discretionary income. Because discretionary income is the money left over from the money you use for your expenses. So, if you have a lot of income from your various creativity and a lot of money left over after you shop for basic necessities, you can say that all of that money is discretionary income. So if you say that investing in bitcoin doesn't always require discretionary income, I think you're wrong. Because all the assumptions you mean are basically discretionary income. In addition, if you invest in bitcoin without using discretionary money, I think the investment will run less smoothly. So with that, you don't need to say that you don't need discretionary income to invest in bitcoin, because basically what you said is completely opposite to what you meant. In addition, you need to know, investing is something that is long-term, so the money used must really be discretionary and apart from discretionary money I think the risk will be quite large if used. And so it is with investing in bitcoin.