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.
The reason why someone should have their money and mindset before investing in Bitcoin. I'm not saying they have to be rich or have everything perfect, but they should be stable enough to take risks. Bitcoin is not like normal savings, the price can rise and fall fast, and if someone is not financially stable or emotionally strong, they may fear and make wrong decisions, like selling too early, buying out of fear, or even losing everything.
I think that you are requiring too much. Sure newbie investors and all investors need to recognize that they are investing for 4-10 years or longer, but at the same time, they do not need a steady income to get started and they do not even need to have their finances in a good space. Of course, the worse their finances and psychology, then probably they need to take a more conservative position in bitcoin until their finances are in better order when they can increase their level of aggressiveness..
So all investors need to get started investing in bitcoin is to determine that they have discretionary income, and they can work out the details regarding level of aggressiveness as they go.
It is true that no one should be over investing beyond their discretionary funds, yet at the same time, every single person can get started investing in bitcoin and all they need to determine is if they have discretionary funds, and once they figure out that they have discretionary funds than they can get started.. and just figure out their level of aggressiveness, which I am presuming that each person is capable of doing that, and if they are not, then they have to get their shit together, but I am not going to presume anyone to be unable to figure out their position size.. so long as they don't make a mistake about having actual discretionary funds, and if they make the mistake about having discretionary funds, then they are responsible for any mistakes that they make..
However, some people invest using money they are not supposed to use, like rent or loan money,
That is not discretionary money.. and they have to have discretionary funds to invest into bitcoin.. so no one.. including me is suggesting to invest from money that is not discretionary, and if they do that, then they are likely trading and/or gambling and not investing... so everyone is responsible for their own judgement, including if they cannot tell the difference between discretionary money and non-discretionary money then they are likely going to suffer for those kinds of mistakes... but I am not going to step in and tell them that they they cannot get started with their discretionary money and if they are using non-discretionary money then they are adding their own level of dumb and failing/refusing to exercise good and/or prudent judgement which is on them to suffer for their lack of good judgement.
If something goes wrong, it might affect their lives and financial situations.
That is too bad.. if they are that dumb then they are going to have to suffer for their dumbness.. yet it is not going to stop me from proclaiming that anyone with discretionary funds is able to get started with investing in bitcoin and they do not have to have a steady income or even steady psychology to be able to figure out whether they have discretionary funds or not, and if they do not have discretionary funds and they invest from non-discretionary funds, that is on them to figure that out...
Like I mentioned in another post, I am going to presume that around 97% of folks are not retarded.. and they are able to figure out math and/or they have common sense.. .. if they are retarded then they need more training. but that is likely less than 3% of the world's population that fits in that category.. and I don't need to patronize anyone.. as long at they have discretionary income then they can get started investing in bitcoin and it may well even be in their advantage to start investing into bitcoin as soon as possible.
That is why it is always a good idea to understand what you are getting into, have some extra money, not emergency money, and be ready when the price rise and fall, that is why even if the market is bad, you will not become discouraged or make wrong decisions.
They do not have all of that stuff that you mentioned in order to get started.. and sure some people might take 1 hour or so to figure out their basic situation, and others might take a day or two or they might have to research in regards to
their individual particulars, but if from my perspective, as long as they can figure out if they have discretionary funds, they are able to get started investing in bitcoin.
There is also no need to have emergency funds in advance, and perhaps we might presume that many folks might already operate by having 2-6 weeks of various kinds of back up funds to cover their expenses in case their cash dries up, and sure part of the process of figuring out whether a person has discretionary funds or not results in engaging in basic assessments of how much cash or income they have and how much expenses they have, and if their income/cash exceeds their expenses, then that is what is called discretionary funds.. If they are not sure about whether their funds are discretionary or not.. so for example if they have $10 extra dollars and they were thinking about buying some cigarettes with the $10, but instead they were thinking to buy bitcoin with the $10 while knowing that they won't be able to smoke for two weeks since $10 of cigarettes usually last them around 2 weeks, then that is $10 of discretionary income that they can choose to buy bitcoin with it instead of buying the cigarettes thjat they were considering buying.