Edited out
...and so I will also agree with you (to the extent that you are making such point) that guys are short-sighted who consider that they would be able to buy bitcoin and then cash out of some or all of their bitcoin as bitcoin goes up in price in order to support their expenses... These are not good ways of thinking about bitcoin, even though quite a few newbies come to bitcoin with that kind of problematic (and even gambling/trading mindset) kind of thinking.
Exactly Jay, uhmm I think we've talked about this in the past can't figure out whether it's in this thread or another one but anyway Wind_FURY is right, to be called an investor, I mean a Bitcoin investor one must have something doing that would fuel their accumulation journey and keep it going for years, there's no point trying to act smart and end up making a terrible mistake cause the person would definitely fall back to their portfolio on the long run and that's definitely a trader or gamblers vibe, going into Bitcoin is not for those who wants quick money, it's for the futuristic folks that have patience and backed with a means whereby they can constantly generate funds to keep accumulating for long, it's definitely not for folks without a job cause I don't see how they can comfortably afford investing periodically when they have no source of income.
To get started investing in bitcoin, you need discretionary income not a steady source of income.
If some one buys bitcoin once or twice and then loses his job or runs into other financial problems where he is not able to buy more bitcoin, then he is just stuck with the bitcoin he already bought and he is not able to continue to build.
He had still invested in bitcoin, even if he cannot continue to add to his bitcoin stash.
Sure, it is preferable that he continues to buy bitcoin after the first purchase of bitcoin,. .yet at the time when he bought his first bitcoin he might not have had known the extent to which he was going to continue to have income coming in after the first purchase, yet he would not have had been foreclosed from starting to invest into bitcoin, becuase he met the basic requirement of having discretionary income at the time of his initial bitcoin purchase.
You've made quite a valid point here. For everyone hoping to get started with Bitcoin investment, having a discretionary income is a necessity, amongst other things. Rather than depending on a steady source of income it's more preferable to have a discretionary income.
It's just as you've rightly stated, an investor might actually buy Bitcoin initially and then fave a couple of financial setbacks, but that doesn't in anyway indicate that they can't start investing in the first place. When one has a discretionary income, it gives one the flexibility to make that initial investment.
Besides, Bitcoin investment is a long term game and the key is to start early regardless of how small your investment is, it can still go a very long way, so rather than waiting longer to have a huge sum first before you can started, it's advised to just get started with whatever is at your disposal, regardless of how small. It's also wonderful that you've also highlighted the importance of having a discretionary income when getting started with Bitcoin, and in addition to that, it's also important to prioritize having some kind of financial cushion to always fall back on, particular an emergency fund, because emergencies are inevitable and unavoidable, and so it's important to prepare beforehand for future emergencies, in order to avoid dipping into your investment prematurely, which can potentially disrupt the growth of your investment.