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

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

Quote from: Stable090 on June 28, 2025, 08:08:48 PM

Quote from: As-Soon-As on June 28, 2025, 05:33:35 AM

To participate in Bitcoin investment, you definitely need real income, because if you cannot meet the basic needs of your family, then how will you participate in Bitcoin investment.

When you are planning to invest in bitcoin, then firstly make sure your secure a stable source of income, if you don’t have a reliable source of income, after investing in bitcoin, time will come when you will end up selling your bitcoin investment back gradually, if you don’t have a stable source of income, then you won’t be able to hold bitcoin for long time, because whenever their is any problem, then you will end up selling the bitcoin just to solve the problem at that particular time.
If you are planning to invest in bitcoin, have a source of income which you will be using to take care of your daily needs, and you will be using some to invest in bitcoin, make sure you are having emergency funds, whenever their is any emergency, you won’t have to sell from your bitcoin, you will be making use of the emergency funds.

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.

You don't need a stable income in order to carry out DCA - since DCA does not need to be regular in order to still count as DCA.

Of course, as has been mentioned several times in this thread, there is a need for discretionary funds to be able to buy bitcoin.. and sure each time a person buys bitcoin he needs discretionary funds.

Regarding accumulating and holding bitcoin, it is true that each time that we buy bitcoin we accumulate more bitcoin.. so that can be done over several years and the accumulation can be done on regular or irregular bases... and it is also true that as long as we don't sell our bitcoin, then we are HODLing whatever bitcoin that we had previously bought..so we do not necessarily need steady income to be able to accomplish each of these things, even though surely we know that the more income that we have, then the easier it will be to manage our cashflow and to keep some kind of a financial cushion so that we can keep buying bitcoin and not sell our bitcoin at a time that is not of our choosing.,. and within the investment context we likely would want to be shooting for 4-10 years or longer in order to keep our bitcoin as an investment rather than playing our bitcoin as a trade and/or gambling.

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

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.

You might be correct.. but if a person has discretionary funds, he can choose how to spend such discretionary funds, including going into bitcoin with some or all of the discretionary funds.

I will agree with you that if the person does not know his future income, then he might not know how he is going to pay for his various expenses, so if he is spending from money that he needs to pay for his expenses to buy bitcoin, then he may well run out of money and then need to sell some or all of his bitcoin to pay for his expenses, so surely guys who are investing into bitcoin need to account for making sure that they are being realistic in regards to buying bitcoin and expecting to hold them 4-10 years or longer.

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

We are always advocating that if you cannot take care of your basic needs that you shouldn't go into Bitcoin investment.

That is true. There is a need for discretionary funds to be able to buy bitcoin.

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

This is true but we shouldn't limit ourselves to that mindset and discard Bitcoin investment because we cannot do DCA strategy. So far you have a Bitcoin wallet if you cannot buy periodically let's say weekly or monthly you can still buy whenever you get spare funds. The important thing is that whatever you send into your wallet should not be sold prematurely. Bitcoin investment shouldn't be rigid that you must periodically put certain amounts for DCA accumulation. If you cannot meet up to you can still accumulate what you can pending when you will start DCA fully again.

I agree with these points. If we choose to invest into bitcoin through a DCA approach, then there are ways to attempt to be flexible with our DCA in accordance with our income and especially with the availability of discretionary funds.

Quote from: ZeroVinsonN on Today at 12:46:38 PM

Quote from: JayJuanGee on Today at 02:50:44 AM

[edited out]

....., how aggressive a person buys depends on how much discretionary funds they have and not necessarily the size of their weekly or monthly income.

I agree with everything you said in your post ZeroVinsonN - yet I frequently suggest that measuring personal aggressiveness has to do with how much of their discretionary income that they choose to invest into bitcoin, and not how large it is... Accordingly, folks with large or small discretionary incomes can choose to be aggressive or whimpy within their considerations of how much of their discretionary income they choose to invest into bitcoin versus using such discretionary income for other purposes.

Quote from: SmartCharpa on Today at 03:36:19 PM

Quote from: Zackz5000 on Today at 05:09:16 AM

I still wonder how often this can be said before people will realize or know that what is needed to get started with bitcoin investment is not about having a stable source of income but discretionary income and investment made without discretionary income is gambling because bitcoin is for a long time purpose so that's why we are expected to invest with our leftover income since we already settled all necessary and important needs.

I believe that the way you explain it may be confusing to some people because having a steady source of income is important. Without a steady source of income, how can someone have leftover or discretionary money to invest in the beginning? In my opinion, the first thing before thinking about any type of investment, especially Bitcoin, is to make sure that your financial condition is strong. That means you have food on your table, all of your expenses are paid, and you even have some money saved for emergencies. After all of these things are fully solved, then someone can think about to start investing, whether in Bitcoin or something else.

You seem to be creating too many conditions that serve as prerequisites (obstacles) in regards to getting started investing in bitcoin.

To me it seems that the main thing that is needed is ti make sure that discretionary funds are available, and the other details can be worked out (and improved upon) along the way.

Surely, the more messed up a person's finances and/or psychology, then the more likelihood that they need to start out more slowly while they become accustomed to investing in bitcoin and work on improving their cashflow management systems and practices.

Quote from: SmartCharpa on Today at 03:36:19 PM

However, Bitcoin is not something you can rich immediately. It's a long term investment. If you use money you can't afford to lose or money you plan to spend next week, you're gambling, not investing, as you said. That's why people blame Bitcoin or say it is a scam when things don't go as they expected. I believe that people should invest in Bitcoin with money that will not affect their lives even if the price falls. But I also believe that having a steady income allows you to have extra money in the beginning. Investment is all about preparation and patience, not pressure and depression. And when you are financially stable, you can take good risks without any fear.

I mostly agree with these points, except the extent to which you (SmartCharpa) are suggesting that a person needs to have their finances and psychology in order prior to getting started with their investing into bitcoin.