You are right dude ,Having a stable income does not guarantee the ability to invest if all the cash is tied up in necessary expenses , discretionary income truly is the key factor because it is the extra money that allows you to take financial risk or build assets like Bitcoin. it also makes the i deal of starting small much more accessible , even if the income is not stable as long as you have some discretionary funds you can begin accumulating
How is that possible?,with stable income you have been ranked very high among the people that should be counting for consistency in Bitcoin
It is possible to have a stable income but can't sustain the basic needs of a person or just enough for expenditures. Please bear in mind that the term stable means predictable and sustainable. meaning even with low income if it is continuous and resillience of disruption can be called stable. Stable does not mean huge income or sufficient income. If we talk about sufficient income, then it is aboutthe sufficiency of the income, not the stability of income.
I think one have to build his or her income before thinking of discretionary income, it's after you have different streams of income that is when you will have a stable income and then discretionary income follow suit, that is when an investor can invest his or her income wisely
Don't you think that by trying to build your income first before investing in Bitcoin you might not be able to invest in Bitcoin now that it's still very cheap?
For a person to have a family to feed, it is normal to buld up his income before investing to anything. Any responsible parent would make sure that their family has sufficient food on the table before investing in anything. It would be hard for responsible people to see their families getting hungry because they invested their money to a certain investment that will yield profit in the next 3-5 years. It is also stated that in investment, the priority should be the family's needs before indulging oneself to an investment spree.