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You are right Futurexxx that having discretionary funds is necessary from the start, and a discretionary income is needed to continue to invest into bitcoin, yet a discretionary income is not needed to get started, only discretionary funds are needed to get started.
Part of the reason that this is important is that people keep mixing up what is needed to get started and what is needed to continue to invest.
Pardon my ignorance, but what is the difference between discretionary funds and income.
Part of the reason that I made that distinction is because members keep suggesting (or claiming) that newbie investors into bitcoin need to have a regular income in order to start investing into bitcoin, and that is not true.
All they need is discretionary funds.. which means that it is funds that are extra after they have accounted for their expenses.
The only difference with my use of the term "income" is to suggest that there is a steady flow of discretionary income every week or every month, and in order to invest into bitcoin you do not need a steady flow of income.
You just need discretionary funds at the time that you buy. So for example, if you have an extra $10 and you were considering buying a pack of cigarettes, but instead you decided to skip the pack of cigarettes and to buy bitcoin with that $10. That $10 is discretionary money since you had the option to buy cigarettes or to buy bitcoin with it. In this example, you chose to buy bitcoin.
By the way, a person will be better off if he has a discretionary income so then he can buy bitcoin on a regular basis, such as weekly. But it is not necessary to have such steady income to get started. The income can be erratic and irregular, yet whenever the guy has some discretionary funds, meaning money that is left over after he has accounted for his expenses, then he can choose to buy bitcoin with that.. or he can choose to buy cigarettes or anything else that he wants (which is the meaning of discretionary).
You're correct JJG anyone with discretionary income can start up a bitcoin investment even without a regular flow of income because, there are persons who don't work on jobs that has a fixed pay however they still make money off contracts or depending on their seriousness for the month. And such person can still make up a discretionary income to invest in bitcoin but cannot guarantee themselves for a steady income flow. One of the reasons I love bitcoin is that, we have the opportunity to invest at our convenience and financial strength without doing more than we should. Beside our wallet should be on self custody so we take responsibility of our asset.