There have been several us who many times said that there is no need for a steady job (income) before getting started investing in bitcoin, and the bare requirement is to have discretionary income (or discretionary money) available. 

There is no need to create higher requirements, since as long as newbies have determined that they have discretionary funds, then they can get started investing into bitcoin.

Sure, if they don't have some kind of steady job, then they may well need to work on that in order to keep their bitcoin investing going, but they do not need to have a steady job or even to have their finances in great order when the first start  buying bitcoin.

Many folks likely realize that the better our income and/or the better our cashflow management systems, then surely we are going to be in a stronger position to both invest into bitcoin and to maintain the investment in bitcoin, yet at the same time, there is no reason for guys to keep proclaiming that those things are required in order to get started investing into bitcoin.


Why are you describing and/or creating requirements for children?  And what are we describing as a child?  Ages 5 years old to 17 years old? or do we have some other ages in mind?  Surely, if a child, even if young, is able to get some money, s/he can buy bitcoin and even invest in bitcoin.  How can you stop them?  The main thing is that they have to find someone with whom to transact, whether in person or online, so even if some kids are immature and they might not even know how to manage money, they still may well be able to buy bitcoin with whatever discretionary income they are able to garner up. 

Sure, some kids will sometimes think that they know more than they do, and then they will end up screwing up with their investment into bitcoin, yet there are likely a decent number of kids who can figure it out and also figure out how to make sure that they do not lose whatever bitcoin (or satoshis) that they are able to accumulate.  Sometimes they will be able to get assistance from some adults (or their parents or other relatives), yet sometimes they can also figure out the difference between good sources of information and not so good sources of information to try to protect themselves from being scammed.

Many of us likely realize that there are a lot of kids who think that they know more than they do, and then they end up getting themselves in trouble, screwing up and/or losing money because they sometimes do not know what they don't know, but then in the process of making mistakes, some of them will learn lessons and even some kids will realize that they don't know certain things, but they want to learn, so they will purposefully start out with smaller amounts in order to get used to the process and practice with smaller amounts before adding larger amounts. 

There likely are some kids who receive allowances that are larger than working folks in other countries, and they might not even have a lot of expenses, so they may well end up with quite a bit of discretionary income, and so maybe some parents might start their kids out with a budget of $10 per week when they are 8 or 9 years old, and then by the time they are 12, they might have a budget that is $20 to $30 per week and by the time they are 15 or 16, they might have a budget that is $100 or more per week.. and parents might even give them quite a bit of latitude and minimal oversight with their budget.. and sure, there can be quite a bit of variation, yet I would be careful to describe kids as if they are not capable, even though surely some kids are more mature and even capable of learning than others.

I will admit that when I was a kid, there were certain ways in which I was quite immature, yet at the time, I had not really necessarily realized it, and some of my various ways of being immature caused me some issues, yet there wee some ways in which I figured out some of the areas in which I was having issues, and surely kids are gong to have variation in their social and/or financial resources and even their abilities to communicate and learn from adults or at least from some of their peers who might have other perspectives that are more insightful than their own perspectives. 

I remember when I was 21 years old or so, and I had made a friend at work, and we went on a trip together, and this friend told me that he was getting irritated with me because I wanted to analyze every little thing, and surely I was going through a kind of phase in my life, and in some sense we were having differences in our social interaction expectations, yet his comment contributed to my thinking about myself differently based on his having had vocalized one of his observations.

I had a similar thing happen when I was in the 7th grade (perhaps I was around 11 or 12 years old, and one of my teachers made a comment about my personality, and I continued to remember that comment and to be influenced by that in order to think of myself in the framework that he had characterized.  Of course, back when I was 11 or 12 years old, we did not have internet in public ways and so the ways of learning were different, and so some of the kids these days (even when 10, 11 or 12 years old), they will sometimes be able to learn things that kids from earlier times would not have had access to similar kinds of good and bad information... Sometimes kids learn stupid-ass shit, and they think that they are learning things that are helpful, and so sometimes they have trouble sorting the good information from the bad information (a kind of critical thinking skills development that takes time to hone critical thinking skills without getting duped into dumb (and wrong) shit). 


Newbies do not need a source income or even to be organized or have a good plan or know what they are doing in order to get started investing in bitcoin.

They can learn a lot of the things (if not most of the things) that you mentioned as they go, and surely the more organized they get and the better they get at managing their cashflow and their various back up funds, then the more likely they are going to be more and more successful in their bitcoin investment, but they don't need any of that to get started. 

To get started, all they need is some discretionary income..and yeah, if they mistakenly think that they have discretionary income and they do not, then that could end up costing them money, but they can also learn from their mistakes, too and make adjustments and even to perhaps be careful about their position size when they are first starting out, since no one really likes to lose money, even gamblers prefer not to lose money, even though many of us might characterize gamblers as more sloppy and reckless, and for that reason many of us like to consider our own approach to bitcoin to be investing rather than either trading and/or gambling... so we consider that we are coming to bitcoin for 4-10 years or more and perhaps in the first cycle we weill learn a lot and one of the first things that we should be striving to learn is to make sure we understand how to manage whatever cash we have within our discretionary income so that we are investing from discretionary income money rather than money we might later need at some point down the road.


To get started, the newbie bitcoin investor does not need to know all the stuff that you are mentioning, and sure as he goes, it is likely that he will learn more and more and more, but the ONLY thing that he needs to know to get started is whether or not he has discretionary income and sure maybe it is better if he has some self-discipline and/or aversion to losing money, yet he can develop those kinds of skills maybe by starting out slow and learning as he goes... within whatever budget he might make for himself that is hopefully within his discretionary income or his discretionary funds.


Maybe it could take a guy 4 years or more to build knowledge, comfort and faith in bitcoin, so what the fuck is he supposed to do?  just sit around for 4 years to develop his faith in bitcoin?  pray about bitcoin?  wait for some kind of a message to come from the ether? (the bitcoin ether, not that shitcoin called ether).

That makes little sense.

The thing that makes most sense is to get the fuck started... and learn as you go...hopefully pay attention and work on cashflow management, but at the same time, these skills are not needed to get started and to get started all that is needed is to determine that you have discretionary funds, whether that is $10 per week or $100 per week or some other amount that is determined to be reasonable, and then if guys are investing into bitcoin they are likely going to be more motivated to learn rather than guys who are waiting to be inspired by "faith in bitcoin," which might take quite a bit of time to figure out the faith in bitcoin part.


you probably should have had put proper quotes for the part that I bolded, but yeah that does  seem to be something that I said... and I think you quoted my words exactly, but you did not put proper quotes to show that those were my words, so it could be confusing about whether those are your words or my words.. .which you (and any other member) could get into trouble from the forum if you are not making sure that you give proper attributes when you copy and paste text of another member... so you need to be careful to make sure we can tell the difference between your own words and something that you quote whether from me or another member or if you take it from some place on the web.


Are you saying that newbies need to know how to buy bitcoin on an exchange and how to transfer to a private wallet before getting started.

Personally, I think that is way too much.  Sure there is going to be some need for newbies to figure out from where they are sourcing their initial coins, whether from an exchange or maybe they meet someone in order to buy bitcoin in person... so there are some basic skills that would be required for either of those situations, but the most basic knowledge is figuring out whether or not they have some discretionary income available, whether that is $10, $100 or some other amount.. and then yeah, they will have to figure out how to buy it.. and if they are really worried that they might lose it, then maybe they start out with $10 to test it out, even if they might have $100 that they could buy right away, but purposefully they start out with $10 and then they learn as they go, which it could even take them 3- 6months before they decide that they need a private wallet.. .whether they had made more BTC purchases during that intervening time period or not.


When a person has a second job (or second source of income) or even if he wins the lottery, that extra income would all be considered discretionary income, except maybe any extra expenses that the extra income might cause... so for example, an extra income causes a need to drive 20 miles each direction and to buy a green shirt with a white collar.. The transportation costs and the clothing costs may well be considered expenses that need to be deducted from the income, and/or let's say that usually, the guy would be able to eat between $5 and $10 for his meal, but since he is going to another location, he tends to have to pay for an extra meal that cost $20 to $30, so the extra food costs would be extra expenses subtracted from the extra income...and maybe the remaining income would be added to discretionary income.

Or in the lottery example, maybe he has to take two days off of work in order to go to the place to collect the lottery money, so he subtracts his various expenses related to collecting the lottery money including transportation, food, missed wages and maybe even lodging.


Of course, no one should invest with non-discretionary income since that would be gambling rather than investing, and yeah, discretionary income can be increased by increasing income and/or decreasing expenses.