Therefore, I believe delaying investing in Bitcoin until we have discretionary funds is a bad idea. Time is ticking and can't be undone. Rather than training our mentality first, it's better to just start investing. I emphasize again that this mentality will naturally develop once we start investing, and a naturally formed mentality is better. Because, the real test lies in real-world situations.
I don't understand the kind of advice that you are dishing out to newbies that they shouldn't wait to have their discretionary income before they jumo into investing in bitcoin. It's a wrong advice because you are only to invest with your discretionary income to enable you hodli for a very long period of time.
If you go and invest with the money for your basic needs and monthly expenses, you are not investing but gambling and wasting your time because you will end up selling the bitcoin that you bought when your needs arises which is against your decision to only be buying and accumulating. There is no need rushing to invest when you don't have a discretionary income. Instead, you should look for a means to get a discretionary income and invest.
What you need is to have the confidence in bitcoin and have a long-term investment mindset in bitcoin by setting up a bitcoin traget which you want to accumulate. If you don't have Thebes confidence to invest in bitcoin, you can start with as low as $10 for your weekly DCA and as you invest and learn more about bitcoin overtime , you will understand how the market works based on your experience. If your confident have increased, you can increase your DCA amount and invest aggressively.
If you do not have a discretionary income, how will you invest, and how will you continue to invest from your daily life expenses? Investing is what is done for the future. And investing is done with money that will not be needed urgently for the next 4-10 years. If you do not have such money, then you should create discretionary income. How to do it, reduce your expensive expenses, entertainment expenses, and try to do something else besides your work from which your discretionary income will come. It can be a part-time job or a business or agricultural work. And try to improve your skills in the work you are engaged in. Invest in yourself first.
When you have discretionary income, then invest in the long term by trusting only in Bitcoin. And in the first case, you can adopt the DCA strategy. Never invest until you have a discretionary income. Because if you invest without discretionary income, it will become difficult and risky to maintain your investment.
If you want long-term profits, you have to invest for the long term, so always invest in a way that will exceed 2 cycles.