So many people focus so much on having a stable income but forget the importance of actually managing that income wisely , discretionary income is really the game changer for any kind of investment , especially with something as volatile as Bitcoin . what real happened to cold joker is a real lesson to very one without an emergency fund you are forced to liquidate investments at the most possible time it is not just about how much you earn , it is about how well you plan for the unexpected.
Good financial management skills have always been and will always be fundamental to success in bitcoin investment, an investor needs discretionary funds to invest in bitcoin but poor management of the investor's finance can make it difficult and sometimes even impossible for them to invest, you income might be good and might even come at a regular interval but due to poor spending skills you could still be left with nothing at the end of the day, sometimes debt might have even been incurred before the next pay arrives, this completely cancels out any chance of any discretionary income coming in, which also makes bitcoin investment impossible.
Good management of finance is needed if bitcoin investment is the goal, if an investor can't manage their finances, they won't be able to manage their bitcoin.
And when you have good management skills, then it becomes easier to manage your assets because when you invest in Bitcoin, it becomes easy to manage your funds because emergency funds are part of management skills, it makes you want to focus more on the investment, and it is underestimated. And another important thing is going to be having a source of income, because having a source of income and when you have source of income then DCA becomes easier to implement. And even if there is no source of income, just that will make it very difficult, and there won't be consistency, and investing money will make it slower to accomplish your goal, and people will eventually understand the importance of having money coming in to invest, so investing needs a lot of commitment.