Quote from: Zackz5000 on Today at 03:47:58 PM

Quote from: blackberrman on Today at 07:51:59 AM

Quote from: Jaksonhard on August 12, 2025, 02:01:46 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.

Well, for a prudent fund it is better to have a source of income, because when you only think about your maximum expenses from your monthly income and deposit some money from it in your emergency fund. When you can save a good amount of money in your emergency fund then you can start investing your bitcoin. But I don't think you need a stable income to invest in bitcoin. Yes if you are aware of the risk then you can invest with some amount from your monthly income, let's say if your monthly income is $500 then you can deposit $200 in your emergency fund and with the remaining $200 you can save bitcoin which will be used to save bitcoin along with depositing money in your emergency fund. You can spend the remaining $100 for your maximum and family expenses.

Emergency fund is important because investing in Bitcoin can require a lot of money to overcome a sudden danger in your life, where you can use your emergency fund to cover it and there will be no obstacle in the long term of Bitcoin. If you can patiently complete the long term by investing in Bitcoin, you can be one of the beneficiaries. Having a source of income is very important in emergency fund and Bitcoin long-term investment because this allows you to meet your own expenses and open the way for your emergency fund and Bitcoin investment to move forward in the future. In that case, you can use the DCA strategy because through this you can move your small amount of investment forward and your investment will turn into a strong one in the future.

Investing in Bitcoin doesn't mean you must have a lot of money if this is true then poor wouldn't have been accumulating Bitcoin though many people still have this mindset that Bitcoin investment is only for the rich but this is not true with that your small amount you can still be accumulating Bitcoin provided you have know what should be your discretionary income to get started with, through the DCA strategy you can be accumulating Bitcoin gradually with your small or big amount consistently and persistently either every weeks or every months and hodl for 4-10 years.

You are absolutely correct and some people who don't understand how this works still feel discouraged to invest with the little amount of money they have reason because some of them feel Bitcoin is only for the rich not knowing that some rich people or most rich people are not investing in Bitcoin because of reason best known to them. The truth is that regardless of how little someone income is, so long as they can get a discretionary from there and you have the basic knowledge, this is more than enough to invest in Bitcoin, you must not be rich before you start investing and I think this has been over emphasized on by JJG.