Quote from: Kelward on Today at 02:00:51 PM

Quote from: Jostern on Today at 12:37:52 PM

Quote from: JayJuanGee on August 10, 2025, 11:50:23 PM

I doubt anyone is saying that a steady income is not important, but instead saying that a steady income is not required in order to determine to invest into bitcoin. The thing that is needed is discretionary funds, and discretionary funds can come from a variety of places, including from non steady income sources, or even prior building up of back up funds or even from the use of debt... and yeah, even though a steady income can make things easier, it is not required in order to be able to buy bitcoin.. .what is needed is discretionary funds.

You’re absolutely right, I’ve always known that we don’t necessarily need a steady income to invest and keep accumulating bitcoin on a daily or weekly or monthly basis, because what we actually need and requires is a discretionary income which is quite able to sustain our investments as well, I know some guys who have been investing in bitcoin for quite a long time now and have been sustaining their investments, they actually don’t have a stable income like most people think, we only do require a discretionary income which is possible to come from different sources which might necessarily not be from a stable income.

Some people might not understand why DCA don't totally depend on steady income alone to keep going, they might misunderstand and think that it means steady income is being discredited. Steady income is no doubt important for income earners so that they can make budget for discretionary funds from where they take money to buy Bitcoin. But you need to wonder about people that are not on steady income and how they are able to do DCA method of accumulation? The important thing is that whether you're on steady income or your earning or making profits once in a while you're able to fund your discretionary purse.

Perhaps you're a contractor that makes money when you finish executing a project, you'd make profit or get payment and from their you allocate some percentage into your discretionary funds. You can be a worker that is paid salary every week or month which is steady income, from their you allocate money into your discretionary funds. So whether you get money on a particular day of the month or you get money from your business when you make profit the important thing is to put money into your discretionary fund to buy Bitcoin.

Many people assume DCA is only for those with a fixed monthly paycheck. It’s not, DCA is about consistency, not the type of income you earn....If you get a steady salary, you can plan your allocation in advance and stick to it. If your income is irregular like a contractor, freelancer, or small business owner, you simply work with percentages. Every time money comes in, you carve out a set portion for your Bitcoin fund before anything else.

The timing and amount might vary, but the principle stays the same, that is keep topping up your discretionary allocation whenever you have inflow. Whether it is from a salary, a one iff project payment, or a business profit, the habit of setting something aside is what makes DCA work over the long term.

Quote from: Lolipo on Today at 02:04:32 PM

What's the best time to actually buy the DIP and HODL, it's still confusing, this Bitcoin investment is a long time investment and any mistake from the beginning can cause wahala.

Trying to catch the exact bottom is where most people mess up, it is only clear in hindsight. A better approach is to define your own buy zones ahead of time based on your budget and risk tolerance. That way, you are not chasing emotions when the market moves. ..If Bitcoin drops 10%, 20%, or 30% from your last buy, you already know what to do because you planned for it. The key is consistency and building your position over time instead of going all in on one perfect entry....Also, remember that , long term holders don’t obsess over catching the perfect price. They focus on stacking enough solid buys over time to build a strong average position and with that way you cut out the confusion and avoid unnecessary panics...