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.
As far as I can understand from your post, the mistake we often make is that we consider discretionary income in investment, but if we look deeply into the matter, we can see that there is a slight difference that would be discretionary fund. By discretionary income we mean the income that a person receives consistently like weekly or monthly. But when we say discretionary fund, it is an amount after spending all expanses. It can be 10 dollars or 20, any number, and in the case of investing in Bitcoin, we can invest that amount. Discretionary funds can be said to be money that I have no obligation to use. I can spend it wherever I want, according to my wishes, and that money is worthy for Bitcoin investment.
There is probably no need to get overly caught up on the difference in the terms, yet when guys are proclaiming that there is a need for a steady income before getting started with investing into bitcoin they are wrong.
I agree, sometimes people get way too distracted on the exact wording or definitions, and it ends up distracting them from the real message… Whether you say steady income or discretionary funds, I think what really matters is how you manage what you have to start investing... not getting stuck on the terms, it does slow down a lot of people who just want to get started…
Sure it is nice to have an income flow and a good job and even a lot of discretionary income, and that will help guys to buy more bitcoin and to create stronger back up fund systems.
Yeah, no one is disputing the fact that having a good job and steady income does not makes stacking Bitcoin easier, no doubt. It helps build a backup fund, reduces stress, and speeds up your buying power which is also important… But at the same time, not everyone situation looks like that, and it should not be a barrier…. You can still be buying Bitcoin little by little, even if your cash flow isn’t steady, it’s all about you knowing how to balance things…
There may well be cases that the discretionary funds are not enough and the future employment and the future income are too uncertain to be able to invest into bitcoin, and each person needs to make those kinds of judgements, even though guys continue to be wrong to repeatedly proclaim that guys need to have a steady income before getting started investing into bitcoin.
True, smetimes discretionary funds just are not enough, and the future feels too uncertain to commit big…
Everyone needs to be honest with themselves about their financial situation and the risks they can take. But even with those limits, the door to investing is not still closed, it just means moving at a different pace and adjusting expectations.. People often say you need steady income before getting started, but that is not the full story. The truth is, anyone can start stacking BTC in whatever way works for them… It might be slower but what matters is starting and staying consistent, and also growing over time...