Your statement is correct, I really think the most important thing when considering investing in bitcoin is first of all having a discretionary income to invest with using the DCA Method could actually help us to invest and accumulate more on a regular basis depending on our discretionary income, definitely we might have some challenges financially so it might not be a guarantee that even if we are able to accumulate every week with a specific amount we might still face some challenges with our portfolio.
The main reason why discretionary income is important if you are opting for DCA is that for DCA we need an amount that can be large or big but we have to make sure that this amount is available every week for investing in Bitcoin.
Our primary income which we get from our job salary or through business is used to meet our day to day expenditures and we cannot make sure that we save a fixed amount every week for Bitcoin. Generating discretionary income is not difficult these days because of availability of online work, all we need is a will to generate a discretionary income. but it mustn’t necessarily be a large or big amount, your discretionary funds are funds set aside for non essential spendings, and that’s dependent on how much a person earns because someone earning $5,000 and having an essential expenses total of $4,000 can’t have same amount in discretionary income with someone who’s earning $10,000 and have an essential spending of $4,000.
The person who earns $5,000, will have a discretionary income of $1,000 while the other who earns $10,000 will have a discretionary income of $6,000.
So you see that it’s dependent on the amount a person earns. I can see you’re trying to state that discretionary income is being generated from a separate job, that’s finding another job, either online or so while our primary job salary should be used to meet our day to day expenditures. Note that discretionary income isn’t a separate income stream but rather what’s left after all necessities are being paid.
In which strategy or strategies anyone is making use of the investment money is meant to be a discretionary income, be it the dca, the lump sum or even buying the dip and which only proves that whatever we see as our basic needs has already been taken care of.
About you saying that the discretionary income is dependent on the amount a person earns is wrong, the truth is that it is the amount of your expenses which May be different from the other person that determines your discretionary income.
Most times those earning higher can have less discretionary income compared to those earning lesser because of their level of expense and the left over which is meant to be considered as your discretionary income.