That is absolutely true, I don’t need a reasonable source of income to start investing in bitcoin, instead what I require to start investing is just a discretionary income, that is why as little as our discretionary income we can actually start investing instead of thinking we need a lot of big money, either way there is still nothing bad if we can invest a huge amount of money, if we have an opportunity for that we can invest through the lump sum, I know there are some fellows who have an income, but doesn’t have a discretionary income as their leftover money and they can’t accumulate or buy Bitcoin, that is why it’s important to to have a discretionary income, which is the most important thing to start investing.
Your comment seems a bit confusing to me. We should always continue to buy based on our financial situation. It would never be a good idea for us to borrow money from someone to invest. We should always continue to buy based on our discretionary income. If we want to buy aggressively then we should buy based on our financial situation.
To invest we need to have basic knowledge about Bitcoin and a source of discretionary income. If you don't know what Bitcoin is and why its price increases then how do you invest. And how do you build trust in Bitcoin. To invest you need a source of discretionary income and basic knowledge about Bitcoin.
@loyang, there’s nothing to be confused about Alonso’s statement because the both of you are still on the same page from my very point of view after going through the both comments. Alonso clearly did not advise you to borrow money from someone to invest in bitcoin, he only talked about how you can also decide to invest with a huge amount of cash if you have the opportunity to as far as you’re doing it from your discretionary income and it’s not going to affect you in the future by leading you to some sorts of financial crisis there by tending to selling your holdings, the point is to accumulate it and hold for the long term goal without panicking to sell whenever you notice a little downturn in the market. He made mention of it by lump summing, Maybe you’ve never heard of lump sum as also a method of accumulating bitcoin and not only accumulating through the DCA method. Yes, you can decide to increase or lump sum your accumulation rate depending on individuals level of income and risk tolerance.