Quote from: Joy- maker on Today at 08:19:35 PM

Quote from: Sticky Bomb on Today at 06:31:04 PM

Quote from: Kelward on Today at 07:40:13 AM

Quote from: Proty on Today at 05:40:33 AM

Not having a stable source of income of income shouldn't stop an investor from starting to accumulate bitcoin, the most important thing is if they have discretionary income to invest with and once they have sort out there discretionary income after meeting all there expenses there is no need while they should be waiting to stabilise there income .An investor can be investing in bitcoin using discretionary income and at the same time while working to stabilise his or her source of income. What an investor needs to Start accumulating bitcoin is discretionary income and not stable source of income. Even with a stable source of income without discretionary income an investor is not fit to invest in bitcoin since the investor will be investing money that is meant for expenses into bitcoin which is gambling.

First you need a stable source of income then discretionary funds to be able to sustain DCA method, without both there is no how you can accumulate and hodl. This means that a jobless person and a struggling person that is working but cannot cater for their basic needs should not go into Bitcoin investment because it will be unproductive attempt.

I disagree with you on this bro, someone may not have a stable source of income, but have discretionary income at the end of the day, possibly someone who's income is not very stable might have less expenses to take care of and as a result still have a good discretionary income after taking care of his little expenses, such a person should not wait to stabilize his income first, but jump in with his part of his discretionary income and start accumulating bitcoin consistently and with commitment while building out backup funds alongside their accumulating bitcoin.

I agree with @sticky bomb, because someone may not have steady source of income but can have a discretionary income from his or her source of income. People with this mentality that someone need to have a steady source of income before the person can start investing in bitcoin are getting it wrongly, because what you need to start investing in bitcoin is you discretionary income , as in a left over money after you must have settled your needs and expenses either for week or for the month. If you can be able to make your discretionary income available from your main source of income then you can start investing in bitcoin with consistently with commitment and building up your emergency fund and your back up funds alongside your bitcoin investment.

You don't need to have a stable source of income before investing but somehow along the line, the stable income is still needed to maintain the steady cash flow that will continuously make you to accumulate more bitcoins because even as you invest within your discretionary income, if there is no steady cash flow it means your DCA will not be regular thereby it will try stagnate your accumulation process and the need to also have a stable income is so that you can remove the fear of market actions such as volatility but when you don't have a stable income source, at any slight changes in the market you will already start to shiver because it will look as if you don't have any back-up funds to ginger your morale during the time of constant market fluctuations.