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Yes, you are right, definitely we all have our own decisions to make in terms of accumulating and how to invest in Bitcoin, considering which strategies that is best for us, because whichever way we know the number of discretionary income that we have, but for me that is a pleb and a low income earner if you should ask me I prefer approaching DCA method to accumulate my bitcoin, because DCA will offer me more chance of accumulating more bitcoin fraction by fraction in the situation that we find ourselves right now that the price of bitcoin is high, with the DCA I can be able to buy consistently as little as it is, and I can keep sustaining my investment through that strategy.
There are guys and folks who have been investing in Bitcoin for quite a long time now, and before they came into Bitcoin they have previously have other business that gives them money and they will not have any problem accumulating Bitcoin and they are wealthy and rich they will have an intention of buying Bitcoin through lump sum and they can decide to be more aggressive so they can stack up more Bitcoin into there portfolio, and they have been doing that without no hesitations. What are my thoughts, I’m thinking it’s all depends on our level of financial capability in discretionary income.
The mere fact that some folks have some other investments does not necessarily make them rich, even though they may appear rich in the eyes of folks who had not established any investments.
Most likely all around the world normal people want to be able to have some assurance that they are going to be able to stop working some day, whether they have government subsidized retirement programs (such as social security) or pensions and/or other retirement funds. They also might have to build their own retirement fund or maybe to have their own retirement funds as a back up or way to supplement any government and/or employer subsidized funds.
So surely there can be levels in regards to the various retirement funds that some folks might have had been able to establish through their years of employment.
There are some folks who might not have much if any investment or retirement funds, but they might expect that they have family funds and/or assets and/or property that they will inherit upon the passing of their elder relatives (parents).
Surely there are also folks who are rich in the sense that they are already starting out rich and maybe even somewhat supported by their parents or put into positions of trust that relates to their parents wealth, and so that may be higher levels of wealth that may or may not require work in order for them to earn their income.
These days many folks have to invest if they want to have some possibility of preserving whatever wealth they might have gained or even to have some chances to be able to stop working in the future (or at least to choose their kinds of work), and so there is some assumption that as long as a person is able to increase his discretionary income, then if he is able to invest into bitcoin, then anyone can get to a status of either being able to quit their work or to greatly discount the amount of work that they have to do in order to start to draw upon their bitcoin investment. and yeah, of course, for poorer people, they need more organizing and smarts about them, including perhaps being careful not to be gambling with their principle while they are trying to build it.. since gambling and/or trading is not a good way to build principle.
I love how you've laid out a realistic picture of how people often approach retirement, investment and wealth building. You're absolutely right, having other forms of investments doesn't automatically mean that the person is already rich and perspective of wealth may potentially vary, based on the circumstances of the individual in question.
Everyone is looking for the assurance of having to stop working someday, and in order to achieve this goal, they mostly rely on a combination of pensions, government programme, inheritance or even personal retirement funds.
Your point about the importance of discretionary incom theesting in Bitcoin and the potential for achieving financial freedom are also very well noted. For those with lower income, it's crucial for them to be strategic and also cautious with whatever they've got at their disposal, and avoid gambling or extremely high risk trading strategies.
It's true that financial situations, investment approaches and financial goals varies from person to person and building wealth often requires a combination of both patience, well thought investment strategy and smart financial decisions. And for those who are investing in assets like Bitcoin could actually be part of a broader strategy to achieve their financial goals, including the possibility of potentially reducing work hours or even choosing one's own path.