You are very correct sir, bitcoin investment shouldn't be overdo in any way, let your approach in every investment be from your discretionary funds, also avoid being in a competition with anybody in bitcoin accumulations so that you wouldn't start having issues along the line, however always buy (accumulate) or top up your bitcoin portfolio at your convenient time using your discretionary funds, therefore these steps or techniques can trigger success and sustain patients in every bitcoin investment.
Based on the economic situation in Nigeria, it will take lots of sacrifice for a minimum wage earner to have discretionary funds. The cost of living is going high and salaries have not been increased making people spend all they have earned for the month on basic needs.
This is when we need to cut down on expenses that we don't really need. Focus on buying durable items because it will help to save money since they last for a long time. Take advantage of seasonal foods because they are cheaper. Find alternatives to expensive products; there are always cheaper substitutes. Take care of your health to avoid medical expenses due to an unhealthy lifestyle. Investment is important, so there is a need to make some sacrifices.
Of course, if you don't have any discretionary income, you cannot invest, and if you put money into bitcoin with non-discretionary income you are trading/gambling. Not investing.
Increasing discretionary income comes from increasing income and/or cutting expenses, and surely there can be some locations in which it is quite difficult to increase income, and sometimes there could be investments into gaining skills and/or education or even getting exposure to higher paying jobs through working on networking or even doing unpaid work in order to get inside some positions that might lead to promotions later down the road. Some guys might be limited in what they are able to accomplish in a short period, and some guys might be of an age (or health status) where it might not be practical for them to try to pursue certain lines of higher paying work... which sometimes there can also be questions regarding working for someone else versus creating your own business in which sometimes a lot of capital might be required or certain areas of expertise or access to social capital might be needed for certain lines of business.
Yeah, I get what you are saying. If you do not have any extra cash left after taking care of your needs, then you really have no business investing, because at that point it is not investment, it is straight up gambling with money you can not afford to lose…. The real play is to find a way to create more breathing room in your finances, either by earning more or cutting back on things you can live without.
The thing is, in some places, that is way easier said than done. Jobs might be scarce, pay might be low, and expenses just keep climbing…. Sometimes the smart move is to focus on yourself first, pick up skills, engage in other small jobs, take training, reason is just to get extra income and a shot at something better…. It might not be instant, but it will pay off long term….