@Bluedrem you can’t say only an investor with a fixed income can invest in bitcoin, using the word ONLY means there’s no other way or means to achieve that which is entirely wrong. Then you went ahead to talk about using a discretionary income, are you not now misunderstanding your self? Because you can have discretionary money without having fixed or stable income. I believe you know what’s needed but you’ve not fully grasped it.
I made a little typing mistake in that line. I was supposed to use the "? " symbol at the end of the sentence, but the symbol may have been accidentally deleted while posting. I asked him if he thought that only an investor with a stable income can invest in Bitcoin.
If you read the next part of my post, then I might have said that only a stable income can invest in Bitcoin. Bitcoin investment requires discretionary income.
Because a person's stable income = money needed to meet basic needs, he will not get additional money for investment, so he will not invest. And if he invests in Bitcoin from the money he has allocated to meet his basic needs, his investment will not be sustainable.
Actually, I asked him in that line to explain the need for discretionary income for Bitcoin investment that - how can a person invest in Bitcoin if he has a stable income if he does not have discretionary income.
Having a steady income and not having discretionary income means your income is not enough to meet your daily expenses, therefore you have to get additional source of income if you really want to have a discretionary income to startup your bitcoin investment.
Discretionary income is the amount of left over you get after all your basic expenses has being taken care of, which you can afford to lose, therefore your discretionary income can be spent any other things that you want which is like shopping, getting an ice-cream, going to recreational centers to have fund, getting new clothes and footwears for yourself, going clubbing e.t.c.
Therefore if all these things your have spent your leftovers on are being converted to buying and starting up your bitcoin investment will be more achievable and beneficial to you in future than spending on present wants that might not be necessary or beneficial in future .
Discretionary income serves as your foundation or bedrock which your bitcoin investment can start from.