Are you just knowing that an emergency fund is for real-life situation all this while, there is something i want you understand, before you can buy or invest in Bitcoin you must have a discretionary income and this discretionary income is fund if you lose will not affect you much and which Bitcoin is beyond you lose all your money that you investment, since you have a steady cashflow you will always have plans for yourself outside Bitcoin investments, and which the same thing you should do when it comes to Bitcoin investments to avoid touching your holding incase if unforeseen circumstances occur you can make use of the emergency which no one is praying for it to happen but we just needed to plan ahead of us since no one can predict the future.
Steady income => steady investment process => good chances that you are going to be okay if the trouble eventually hits.Holy fucking shit. Do you have any way that you can try to present yourself as a wee bit less dogmatic?
Think about your statement. It is not correct.
There is no need for a steady income to either save in bitcoin or to DCA into bitcoin.
The ONLY thing that you need is discretionary income that may or may not be steady.
You can also DCA without a steady income, which could mean that you buy bitcoin on some periodic basis or perhaps whenever you have extra cash or perhaps whenever you eat Ben and Jerry's ice cream.
In other words, DCA does not have to be on any exact schedule in order to still qualify as DCA. Sure there might be some aspect of regularity in DCA, but it is not necessarily some regularity that is necessarily imposed by anything (or anyone) else, since DCA can be whatever and however the buyer chooses to employ it for the purposes of buying bitcoin. In other words, we can still have DCA even if such BTC buying "regularity" might be on terms that any of us might consider to be erratic and not fitting our own definition of time and/or quantity of "regular."
Because it doesn't matter what you call "prepared", if you don't have a steady income then you definitely ARE NOT ready.
Ridiculous.
Why do you feel some need to impose extra terms on people prior to their being able to start to invest in bitcoin?Plus for plebs like us who want to employ a Buy the DIP strategy because, let's pretend it's finally the lows of the bear cycle, then he/she can take a loan to get a lump sum to buy those DIPs. But if he/she doesn't have a steady job, how can he/she pay for the monthly payments of the loan.
People do all kinds of dumb shit, but they can still do such dumb shit.. .and maybe it ends up being trading and/or gambling rather than investing, and maybe it ends up working out for them, since they are learning as they go, and they might not realize that they started out their bitcoin journey from a poor or an inadequate perspective... They still can get started buying bitcoin even if their finances, their psychology and their perspective is all screwed up... and yeah, they may well be following a lot of inferior practices, such as waiting for dips rather than buying regularly, but they can still employ such inferior practices and learn along the way.
No steady income = LOOK FOR A JOB. A Bitcoin investment should be the least of your problems if you don't have work.
I will agree that investing in bitcoin without discretionary income rises to the level of gambling (or trading) rather than investing, so there tends to be importance in terms of managing finances in better ways by making sure that investments into bitcoin come from discretionary income rather than from money needed for expenses.. and so sure, increasing income is one way to increase discretionary income and another way to increase discretionary income is to cut expenses.. 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.
You should get the actual context ser. Why should an individual with no job even start a Bitcoin journey without any sort of steady income? Haha. But if you actually want to convince broke people, with NO JOB, to buy Bitcoin - OK, you do you.
