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.
Let's tell ourselves the truth. Having a steady flow of income plays a very important role in bitcoin investment, and this is the reason why investors can accumulate bitcoin.
However, where there is no steady source of income, investors struggle to accumulate bitcoin because they need to meet daily demands. I think it is a necessity for investors to have a steady source of income, because for one to be able to accumulate bitcoin consistently without any challenges, there must be a steady source of income. Let us not sound as if every investor doesn't need a steady source of income to invest in bitcoin; it is possible that some may cope, but more income makes for better investment.
No body is disputing the fact about the importance of a stable source of income but
we also need to know that it is not enough to even have a stable source of income there must be a discretionary income just like what sim card say, no investor is expected to be struggling to accumulate Bitcoin no need to be struggling it is meant to be done whenever you have this discretionary income at your disposal, I got your point and on that When there is no discretionary income an investor can pause their investment and improve their financial situation before talking about the continuity of their investment, it is better to be a low coiner than being a no coiner.
It is very important to have a stable income and it is also enough having a stable source of income. This is because a wise person plans his life within the reach of his stable income based on the duration of payments. Basically, any income that can not sustain your basic needs for the duration before your next payment is not also a stable source of income. This implies that for your source to be a stable source, it should be able to take care of your basic responsibilities.
However, when a person has a stable source of income, financial management matters and that is also where financial discipline comes in. A good financial management would make provision for the basic responsibilities and still make reservations for emergency funds to tackle uncertainties. Further self discipline would allow you think about tomorrow and the future. As a worker who earns a given amount, you are already aware that retirement is on the way, hence the need for retirement plans.
The need for retirement plans is the reason behind the further strain that you have to undertake to make room for
Discretionary income which could allow you invest for tomorrow and future. When you are able to reach a level where you can spare a percentage of your income no matter how little, then you have a discretionary income and that's the amount you can invest in bitcoin.
The use of DCA strategy has also made it so flexible for anyone who is willing to invest in bitcoin to be able to acquire bitcoin no matter how little. A person can acquire as low as even $2 worth of bitcoin regularly based on your next payment period. Setting up an accumulation target would also discipline you against irregular DCAing by omitting some days without any tangible reasons.