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Author Topic: Buy the DIP, and HODL!  (Read 190535 times)
Btcdeybodi
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June 29, 2025, 09:18:44 PM
 #18221

Not having a stable source of income of income shouldn't stop an investor from starting to accumulate bitcoin, the most important thing is if they have discretionary income to invest with and once they have sort out there discretionary income after meeting all there expenses there is no need while they should be waiting to stabilise there income .An investor can be investing in bitcoin using discretionary income and at the same time while working to stabilise his or her source of income. What an investor needs to Start accumulating bitcoin is discretionary income and not stable source of income. Even with a stable source of income without discretionary income an investor is not fit to invest in bitcoin since the investor will be investing money that is meant for expenses into bitcoin which is gambling.
First you need a stable source of income then discretionary funds to be able to sustain DCA method, without both there is no how you can accumulate and hodl. This means that a jobless person and a struggling person that is working but cannot cater for their basic needs should not go into Bitcoin investment because it will be unproductive attempt.
I disagree with you on this bro, someone may not have a stable source of income, but have discretionary income at the end of the day, possibly someone who's income is not very stable might have less expenses to take care of and as a result still have a good discretionary income after taking care of his little expenses, such a person should not wait to stabilize his income first, but jump in with his part of his discretionary income and start accumulating bitcoin consistently and with commitment while building out backup funds alongside their accumulating bitcoin.
I agree with @sticky bomb, because someone may not have steady source of income but can have a discretionary income from his or her source of income. People with this mentality that someone need to have a steady source of income before the person can start investing in bitcoin are getting it wrongly, because what you need to start investing in bitcoin is you discretionary income , as in a left over money after you must have settled your needs and expenses either for week or for the month. If you can be able to make your discretionary income available from your main source of income then you can start investing in bitcoin with consistently with commitment and building up your emergency fund and your back up funds alongside your bitcoin investment.

You don't need to have a stable source of income before investing but somehow along the line, the stable income is still needed to maintain the steady cash flow that will continuously make you to accumulate more bitcoins because even as you invest within your discretionary income, if there is no steady cash flow it means your DCA will not be regular thereby it will try stagnate your accumulation process and the need to also have a stable income is so that you can remove the fear of market actions such as volatility but when you don't have a stable income source, at any slight changes in the market you will already start to shiver because it will look as if you don't have any back-up funds to ginger your morale during the time of constant market fluctuations.

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June 29, 2025, 09:30:38 PM
 #18222

You don't need to have a stable source of income before investing but somehow along the line, the stable income is still needed to maintain the steady cash flow that will continuously make you to accumulate more bitcoins

Have we taken time to define or know the kind of investor we want to become, also, what are the necessary things that has been out in place to help us enjoy the intention for an investment without being stucked along the line, after which we might have invested.

All these have to be dealt with, in other to make our investment a profitable one, also, balance the challenge from having more a source of income to that of maintaining a continuous flow in funds for an investment in bitcoin as the market continues to be at the best of buying position, once we can maintain the cash flow.

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June 29, 2025, 09:34:40 PM
 #18223

To participate in Bitcoin investment, you definitely need real income, because if you cannot meet the basic needs of your family, then how will you participate in Bitcoin investment.
[Edited out]

You don't have to have a stable source of income to invest in bitcoin... but you do need to have discretionary income to invest in bitcoin.  If you do not have discretionary income and you buy bitcoin then you are likely gambling since by definition you are using money that you need for expenses.
I still wonder how often this can be said before people will realize or know that what is needed to get started with bitcoin investment is not about having a stable source of income but discretionary income and investment made without discretionary income is gambling because bitcoin is for a long time purpose so that's why we are expected to invest with our leftover income since we already settled all necessary and important needs.

I agree with you on the aspect of not waiting to get a stable source of income before getting started, but having a source of income is very important so as to enable us maintain our weekly or monthly routine. Because without a source of income there's no way we can be able to build our discretionary funds and that of emergency fund because is through our weekly/ monthly income we use to build our discretionary funds and that of emergency fund this is why we need a source of income so as to enable us maintain the ongoing buying of bitcoin without seizing.
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June 29, 2025, 09:37:35 PM
 #18224

~Snip
I agree with @sticky bomb, because someone may not have steady source of income but can have a discretionary income from his or her source of income. People with this mentality that someone need to have a steady source of income before the person can start investing in bitcoin are getting it wrongly, because what you need to start investing in bitcoin is you discretionary income , as in a left over money after you must have settled your needs and expenses either for week or for the month. If you can be able to make your discretionary income available from your main source of income then you can start investing in bitcoin with consistently with commitment and building up your emergency fund and your back up funds alongside your bitcoin investment.
In my opinion, this discretionary income can be used as your main budget source in starting investment and building your financial foundation, but you still have to find other sources of income instead of just relying on this one. You never know how much you can set aside each month which is then called discretionary, it also depends on how much your monthly income is and how much your monthly expenses are.

Discretionary income can be a source of backup budget in building a portfolio instead of spending it on frivolous things. However, do you really want to sacrifice many other things that you also need once in a while like vacations or other things because of focusing on investment?

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June 29, 2025, 11:21:01 PM
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 #18225

To participate in Bitcoin investment, you definitely need real income, because if you cannot meet the basic needs of your family, then how will you participate in Bitcoin investment.
When you are planning to invest in bitcoin, then firstly make sure your secure a stable source of income, if you don’t have a reliable source of income, after investing in bitcoin, time will come when you will end up selling your bitcoin investment back gradually, if you don’t have a stable source of income, then you won’t be able to hold bitcoin for long time, because whenever their is any problem, then you will end up selling the bitcoin just to solve the problem at that particular time.
If you are planning to invest in bitcoin, have a source of income which you will be using to take care of your daily needs, and you will be using some to invest in bitcoin, make sure you are having emergency funds, whenever their is any emergency, you won’t have to sell from your bitcoin, you will be making use of the emergency funds.
Not having a stable source of income of income shouldn't stop an investor from starting to accumulate bitcoin, the most important thing is if they have discretionary income to invest with and once they have sort out there discretionary income after meeting all there expenses there is no need while they should be waiting to stabilise there income .An investor can be investing in bitcoin using discretionary income and at the same time while working to stabilise his or her source of income. What an investor needs to Start accumulating bitcoin is discretionary income and not stable source of income. Even with a stable source of income without discretionary income an investor is not fit to invest in bitcoin since the investor will be investing money that is meant for expenses into bitcoin which is gambling.
First you need a stable source of income then discretionary funds to be able to sustain DCA method, without both there is no how you can accumulate and hodl.

You don't need a stable income in order to carry out DCA  - since DCA does not need to be regular in order to still count as DCA.

Of course, as has been mentioned several times in this thread, there is a need for discretionary funds to be able to buy bitcoin.. and sure each time a person buys bitcoin he needs discretionary funds. 

Regarding accumulating and holding bitcoin, it is true that each time that we buy bitcoin we accumulate more bitcoin.. so that can be done over several years and the accumulation can be done on regular or irregular bases... and it is also true that as long as we don't sell our bitcoin, then we are HODLing whatever bitcoin that we had previously bought..so we do not necessarily need steady income to be able to accomplish each of these things, even though surely we know that the more income that we have, then the easier it will be to manage our cashflow and to keep some kind of a financial cushion so that we can keep buying bitcoin and not sell our bitcoin at a time that is not of our choosing.,. and within the investment context we likely would want to be shooting for 4-10 years or longer in order to keep our bitcoin as an investment rather than playing our bitcoin as a trade and/or gambling.

This means that a jobless person and a struggling person that is working but cannot cater for their basic needs should not go into Bitcoin investment because it will be unproductive attempt.

You might be correct.. but if a person has discretionary funds, he can choose how to spend such discretionary funds, including going into bitcoin with some or all of the discretionary funds.

I will agree with you that if the person does not know his future income, then he might not know how he is going to pay for his various expenses, so if he is spending from money that he needs to pay for his expenses to buy bitcoin, then he may well run out of money and then need to sell some or all of his bitcoin to pay for his expenses, so surely guys who are investing into bitcoin need to account for making sure that they are being realistic in regards to buying bitcoin and expecting to hold them 4-10 years or longer.

We are always advocating that if you cannot take care of your basic needs that you shouldn't go into Bitcoin investment.

That is true.  There is a need for discretionary funds to be able to buy bitcoin.

This is true but we shouldn't limit ourselves to that mindset and discard Bitcoin investment because we cannot do DCA strategy. So far you have a Bitcoin wallet if you cannot buy periodically let's say weekly or monthly you can still buy whenever you get spare funds. The important thing is that whatever you send into your wallet should not be sold prematurely. Bitcoin investment shouldn't be rigid that you must periodically put certain amounts for DCA accumulation. If you cannot meet up to you can still accumulate what you can pending when you will start DCA fully again.

I agree with these points.  If we choose to invest into bitcoin through a DCA approach, then there are ways to attempt to be flexible with our DCA in accordance with our income and especially with the availability of discretionary funds.

[edited out]
....., how aggressive a person buys depends on how much discretionary funds they have and not necessarily the size of their weekly or monthly income.

I agree with everything you said in your post ZeroVinsonN - yet I frequently suggest that measuring personal aggressiveness has to do with how much of their discretionary income that they choose to invest into bitcoin, and not how large it is... Accordingly, folks with large or small discretionary incomes can choose to be aggressive or whimpy within their considerations of how much of their discretionary income they choose to invest into bitcoin versus using such discretionary income for other purposes.

I still wonder how often this can be said before people will realize or know that what is needed to get started with bitcoin investment is not about having a stable source of income but discretionary income and investment made without discretionary income is gambling because bitcoin is for a long time purpose so that's why we are expected to invest with our leftover income since we already settled all necessary and important needs.
I believe that the way you explain it may be confusing to some people because having a steady source of income is important. Without a steady source of income, how can someone have leftover or discretionary money to invest in the beginning? In my opinion, the first thing before thinking about any type of investment, especially Bitcoin, is to make sure that your financial condition is strong. That means you have food on your table, all of your expenses are paid, and you even have some money saved for emergencies. After all of these things are fully solved, then someone can think about to start investing, whether in Bitcoin or something else.

You seem to be creating too many conditions that serve as prerequisites (obstacles) in regards to getting started investing in bitcoin.

To me it seems that the main thing that is needed is ti make sure that discretionary funds are available, and the other details can be worked out (and improved upon) along the way.

Surely, the more messed up a person's finances and/or psychology, then the more likelihood that they need to start out more slowly while they become accustomed to investing in bitcoin and work on improving their cashflow management systems and practices.

However, Bitcoin is not something you can rich immediately. It's a long term investment. If you use money you can't afford to lose or money you plan to spend next week, you're gambling, not investing, as you said. That's why people blame Bitcoin or say it is a scam when things don't go as they expected. I believe that people should invest in Bitcoin with money that will not affect their lives even if the price falls. But I also believe that having a steady income allows you to have extra money in the beginning. Investment is all about preparation and patience, not pressure and depression. And when you are financially stable, you can take good risks without any fear.

I mostly agree with these points, except the extent to which you (SmartCharpa) are suggesting that a person needs to have their finances and psychology in order prior to getting started with their investing into bitcoin.

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June 30, 2025, 12:28:02 AM
 #18226


You don't need to have a stable source of income before investing but somehow along the line, the stable income is still needed to maintain the steady cash flow that will continuously make you to accumulate more bitcoins because even as you invest within your discretionary income, if there is no steady cash flow it means your DCA will not be regular thereby it will try stagnate your accumulation process and the need to also have a stable income is so that you can remove the fear of market actions such as volatility but when you don't have a stable income source, at any slight changes in the market you will already start to shiver because it will look as if you don't have any back-up funds to ginger your morale during the time of constant market fluctuations.
You are right to highlight importance of stable income when investing in Bitcoin even if you can start with what you have. Regular income is good for two main reasons first of all it will consistently gives you chance to invest over time and continue your DCA which steadily grow your Bitcoin savings and give chance to buy more when prices are low. Second stable income gives you peace of mind during Bitcoin wild price swings. When you have money coming in means you will not get panic and sell when market drops so this will stick to your long term investment plan and reach your goals without as much stress.

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June 30, 2025, 01:42:17 AM
 #18227

To participate in Bitcoin investment, you definitely need real income, because if you cannot meet the basic needs of your family, then how will you participate in Bitcoin investment.
When you are planning to invest in bitcoin, then firstly make sure your secure a stable source of income, if you don’t have a reliable source of income, after investing in bitcoin, time will come when you will end up selling your bitcoin investment back gradually, if you don’t have a stable source of income, then you won’t be able to hold bitcoin for long time, because whenever their is any problem, then you will end up selling the bitcoin just to solve the problem at that particular time.

If you are planning to invest in bitcoin, have a source of income which you will be using to take care of your daily needs, and you will be using some to invest in bitcoin, make sure you are having emergency funds, whenever their is any emergency, you won’t have to sell from your bitcoin, you will be making use of the emergency funds.

You don't have to have a stable source of income to invest in bitcoin... but you do need to have discretionary income to invest in bitcoin.  If you do not have discretionary income and you buy bitcoin then you are likely gambling since by definition you are using money that you need for expenses.
This is just the point sir, and I also share the same sentiment as you because someone might have a stable source of income but still can't figure out his discretionary income needed to start his or her investment journey, but once you can sort out your discretionary income from your weekly or monthly income, their is nothing stopping you from investing consistently.
Most of the problem of most of this newbies investors is that they think that they must have it all before they can start investing, they actually don't know that once they have the basic knowledge about Bitcoin and their discretionary income is place, they are good to go.

How will someone have a stable source of income and yet don't know how to split his income, this means that the person is unserious and this set of people if they venture into Bitcoin investment with that behavior there is a possibility that they may not go far because if someone can not split his income into various parts then how will he scale through I mean the consistency and seriousness won't be there. Not only newbies think that way even some folks also feel or think same way reason because they lack knowledge about Bitcoin investment and until there mind is renewed they won't still understand the small mystery.

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June 30, 2025, 01:51:31 AM
 #18228

Accumulating BTC for a long time has changed my life, where I am more excited every morning to see my portfolio that is increasingly profitable because the largest entry I have made was under $30k at that time.

I continue to follow up on purchases with the DCA strategy where I buy it every week. sometimes buying twice a week in order to reach the target faster, because I target 2028 I can reach the accumulation of the last purchase stage because I actively do DCA at the end of 2022. It can be said that at the end of 2028 I have achieved routine accumulation for 5 years and will rearrange for the second stage later.

Even though I still have quite a lot of purchases to do, I have told my wife and children that I am investing in Bitcoin, because if something happens to me they will continue to make purchases in order to achieve 5 years of routine purchases with the DCA strategy every week.

Well good for you mate, it's all about consistency and good discipline which is paying off too. This is one of the easiest and safest way to achieve financial freedom but the process is very slow and not everyone has the patience to go with the flow and that's why many tend to quit at the long road of their journey while others are due to lack of proper planning as everything includes planning and focus. Well kudos to you man and hopefully nothing happens to you so you continue your DCA till you get to your target.

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June 30, 2025, 02:49:50 AM
 #18229

To participate in Bitcoin investment, you definitely need real income, because if you cannot meet the basic needs of your family, then how will you participate in Bitcoin investment.
When you are planning to invest in bitcoin, then firstly make sure your secure a stable source of income, if you don’t have a reliable source of income, after investing in bitcoin, time will come when you will end up selling your bitcoin investment back gradually, if you don’t have a stable source of income, then you won’t be able to hold bitcoin for long time, because whenever their is any problem, then you will end up selling the bitcoin just to solve the problem at that particular time.

If you are planning to invest in bitcoin, have a source of income which you will be using to take care of your daily needs, and you will be using some to invest in bitcoin, make sure you are having emergency funds, whenever their is any emergency, you won’t have to sell from your bitcoin, you will be making use of the emergency funds.

You don't have to have a stable source of income to invest in bitcoin... but you do need to have discretionary income to invest in bitcoin.  If you do not have discretionary income and you buy bitcoin then you are likely gambling since by definition you are using money that you need for expenses.
This is just the point sir, and I also share the same sentiment as you because someone might have a stable source of income but still can't figure out his discretionary income needed to start his or her investment journey, but once you can sort out your discretionary income from your weekly or monthly income, their is nothing stopping you from investing consistently.
Most of the problem of most of this newbies investors is that they think that they must have it all before they can start investing, they actually don't know that once they have the basic knowledge about Bitcoin and their discretionary income is place, they are good to go.

How will someone have a stable source of income and yet don't know how to split his income, this means that the person is unserious and this set of people if they venture into Bitcoin investment with that behavior there is a possibility that they may not go far because if someone can not split his income into various parts then how will he scale through I mean the consistency and seriousness won't be there. Not only newbies think that way even some folks also feel or think same way reason because they lack knowledge about Bitcoin investment and until there mind is renewed they won't still understand the small mystery.
I must say some folks have a bad financial management, it would probably have something to do with some bad habit and some bad characteristics in life, you find this people who have a good job but can't manage there finances I would literally not say they are unserious, because someone who falls into bad financial management can still be paying bills and be taking care of their expenses, so think financial management is something that people can learn, making mistakes are part of life, but what is important is how to address the mistake of financial management and grow from it, so we shouldn't just conclude that this people wouldn't do well in Bitcoin investment, first of all basic knowledge is essential then, I've had bad financial management but coming here have been a tremendous and helpful in my financial management, previously I don't even know what emergency, reserved funds and all that but it's all learning everyday, so I really think everyone who is interested to invest in Bitcoin can do grate by learning the simple details.

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June 30, 2025, 03:59:44 AM
 #18230

I agree with @sticky bomb, because someone may not have steady source of income but can have a discretionary income from his or her source of income. People with this mentality that someone need to have a steady source of income before the person can start investing in bitcoin are getting it wrongly, because what you need to start investing in bitcoin is you discretionary income , as in a left over money after you must have settled your needs and expenses either for week or for the month. If you can be able to make your discretionary income available from your main source of income then you can start investing in bitcoin with consistently with commitment and building up your emergency fund and your back up funds alongside your bitcoin investment.

It's important to invest in Bitcoin, especially if you are aware of what benefit you will get by investing in Bitcoin. Those who have discretionary income should invest that in bitcoin without giving it a second thought. Those who don't have any spare money should start thinking about how they can generate additional income that they can invest in Bitcoin. These days their are lots of options available which you can avail to earn money. It's upto a person that how much he is enthusiastic about investing in Bitcoin. If he is committed, then he will eventually find ways of investing in bitcoin.

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June 30, 2025, 05:19:57 AM
 #18231

I agree with @sticky bomb, because someone may not have steady source of income but can have a discretionary income from his or her source of income. People with this mentality that someone need to have a steady source of income before the person can start investing in bitcoin are getting it wrongly, because what you need to start investing in bitcoin is you discretionary income , as in a left over money after you must have settled your needs and expenses either for week or for the month. If you can be able to make your discretionary income available from your main source of income then you can start investing in bitcoin with consistently with commitment and building up your emergency fund and your back up funds alongside your bitcoin investment.

It's important to invest in Bitcoin, especially if you are aware of what benefit you will get by investing in Bitcoin. Those who have discretionary income should invest that in bitcoin without giving it a second thought. Those who don't have any spare money should start thinking about how they can generate additional income that they can invest in Bitcoin. These days their are lots of options available which you can avail to earn money. It's upto a person that how much he is enthusiastic about investing in Bitcoin. If he is committed, then he will eventually find ways of investing in bitcoin.
Your own desire is the biggest thing, if you have a real desire, everything is possible, people can invest in Bitcoin even if they want to, even with their low income, for this you just need proper financial management. But yes, those whose income is very limited, they should find new sources of income before investing directly, above all, you must be much more prosperous in terms of your own source of income, people can easily create different sources of income if they want, all you need is willpower. A truly interested person will first prepare everything that is needed for Bitcoin investment, if he moves forward with patience, planning, and complete faith in Bitcoin.

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June 30, 2025, 07:33:36 AM
 #18232

Your own desire is the biggest thing, if you have a real desire, everything is possible, people can invest in Bitcoin even if they want to, even with their low income, for this you just need proper financial management. But yes, those whose income is very limited, they should find new sources of income before investing directly, above all, you must be much more prosperous in terms of your own source of income, people can easily create different sources of income if they want, all you need is willpower. A truly interested person will first prepare everything that is needed for Bitcoin investment, if he moves forward with patience, planning, and complete faith in Bitcoin.
This is just the point bro, people will always do what they truly want, no matter how difficult it seems, as long as the will or desire is there, they might go the extreme route just to achieve it.

Their is a saying in my country that says; if you think, your salary is too small for you to be investing, just be ready to work all the days of your life.

So as long as you are doing something that is paying you either weekly or monthly, you can always make provision for a discretionary income, so that you can invest in Bitcoin because their are so many unnecessary things we spend money on, so if you have a proper financial management skills, their is no way you cannot  invest and be successful in your investment, unless the will and the proper financial management skills is not there to navigate your way in Bitcoin investment.

 
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June 30, 2025, 08:25:59 AM
Merited by rachael9385 (1)
 #18233

How will someone have a stable source of income and yet don't know how to split his income, this means that the person is unserious and this set of people if they venture into Bitcoin investment with that behavior there is a possibility that they may not go far because if someone can not split his income into various parts then how will he scale through I mean the consistency and seriousness won't be there. Not only newbies think that way even some folks also feel or think same way reason because they lack knowledge about Bitcoin investment and until there mind is renewed they won't still understand the small mystery.

Yes, it is very possible that someone can have a stable source of income but still don’t know how to split his income properly so as to be able to execute through the right financial decision making especially as it concerns bitcoin investment. It all narrows down to having the right financial management skills. Severally it have been treated here that all what one needs for his bitcoin investment is discretionary income as many think that you need to have a stable financial source before going into bitcoin investment. Even with your stable source of income, if you don’t have the right financial management and decision making skills, you’re still going to fumble with your finances and it will go a long way to hamper your bitcoin investment because it can lead to incurring debts and also leads to the neglect of savings and emergency funds, and we all know the consequences of neglecting all of these as a bitcoin investor. For me, you must not have a stable source of income before going into bitcoin investment, all you need is your discretionary income and be able to have the right financial management skills no matter how little or how seldom your income flows.

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June 30, 2025, 09:27:54 AM
 #18234

You don't need to have a stable source of income before investing but somehow along the line, the stable income is still needed to maintain the steady cash flow that will continuously make you to accumulate more bitcoins because even as you invest within your discretionary income, if there is no steady cash flow it means your DCA will not be regular thereby it will try stagnate your accumulation process and the need to also have a stable income is so that you can remove the fear of market actions such as volatility but when you don't have a stable income source, at any slight changes in the market you will already start to shiver because it will look as if you don't have any back-up funds to ginger your morale during the time of constant market fluctuations.
Let's tell ourselves the truth. Having a steady flow of income plays a very important role in bitcoin investment, and this is the reason why investors can accumulate bitcoin. However, where there is no steady source of income, investors struggle to accumulate bitcoin because they need to meet daily demands. I think it is a necessity for investors to have a steady source of income, because for one to be able to accumulate bitcoin consistently without any challenges, there must be a steady source of income. Let us not sound as if every investor doesn't need a steady source of income to invest in bitcoin; it is possible that some may cope, but more income makes for better investment.


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June 30, 2025, 09:50:07 AM
Merited by JayJuanGee (1), EL MOHA (1)
 #18235

You don't need to have a stable source of income before investing but somehow along the line, the stable income is still needed to maintain the steady cash flow that will continuously make you to accumulate more bitcoins because even as you invest within your discretionary income, if there is no steady cash flow it means your DCA will not be regular thereby it will try stagnate your accumulation process and the need to also have a stable income is so that you can remove the fear of market actions such as volatility but when you don't have a stable income source, at any slight changes in the market you will already start to shiver because it will look as if you don't have any back-up funds to ginger your morale during the time of constant market fluctuations.
Let's tell ourselves the truth. Having a steady flow of income plays a very important role in bitcoin investment, and this is the reason why investors can accumulate bitcoin. However, where there is no steady source of income, investors struggle to accumulate bitcoin because they need to meet daily demands. I think it is a necessity for investors to have a steady source of income, because for one to be able to accumulate bitcoin consistently without any challenges, there must be a steady source of income. Let us not sound as if every investor doesn't need a steady source of income to invest in bitcoin; it is possible that some may cope, but more income makes for better investment.
I don't know why we don't understand some certain things, stable income isn't the priority to start your bitcoin investment but your discretionary income. I know of people who are working and getting paid every month but don't have a discretionary income, isn't that a stable income. It's not ideal that you don't have a stable income for that reason prevent yourself from investing into bitcoin. As long as you have a source of income and a discretionary income, you can start investing into bitcoin, build and grow your bitcoin portfolio overtime and hodli.

I know of someone who is a truck driver, he supplies sand to people who wants to build. Sometimes, they call him to supply sand and sometimes, no one calls him. He makes more money during the dry season and during the raining season, he hardly see somone that needs his service. Since he understands the kind of business he is into, during the dry season he saves money for his upkeep throughout the rainy season so that he does not go hungry. Such person can still invest in bitcoin from his discretionary income after he has sorted out funds for his monthly expenses and upkeep during the rainy season because he will divide his discretionary income and spread it out into various week during the rainy season using DCA method why during the dry season he buys weekly whenever his discretionary income is available.

You can also front load your bitcoin investment when you have the capability to do that if you don't have a stable source of income with your discretionary income. Down here in my country, rainy season is almost three months or more. Proper cash inflow management matters a lot when you are investing in bitcoin and let your priority be to keep your bitcoin accumulation ongoing, consistently and persistently for 4-10 years and above.

R


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June 30, 2025, 10:13:47 AM
 #18236

I mostly agree with these points, except the extent to which you (SmartCharpa) are suggesting that a person needs to have their finances and psychology in order prior to getting started with their investing into bitcoin.

The reason why someone should have their money and mindset before investing in Bitcoin. I'm not saying they have to be rich or have everything perfect, but they should be stable enough to take risks. Bitcoin is not like normal savings, the price can rise and fall fast, and if someone is not financially stable or emotionally strong, they may fear and make wrong decisions, like selling too early, buying out of fear, or even losing everything.

However, some people invest using money they are not supposed to use, like rent or loan money, If something goes wrong, it might affect their lives and financial situations. That is why it is always a good idea to understand what you are getting into, have some extra money, not emergency money, and be ready when the price rise and fall, that is why even if the market is bad, you will not become discouraged or make wrong decisions.

R


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June 30, 2025, 10:45:20 AM
 #18237

You don't need to have a stable source of income before investing but somehow along the line, the stable income is still needed to maintain the steady cash flow that will continuously make you to accumulate more bitcoins because even as you invest within your discretionary income, if there is no steady cash flow it means your DCA will not be regular thereby it will try stagnate your accumulation process and the need to also have a stable income is so that you can remove the fear of market actions such as volatility but when you don't have a stable income source, at any slight changes in the market you will already start to shiver because it will look as if you don't have any back-up funds to ginger your morale during the time of constant market fluctuations.
Let's tell ourselves the truth. Having a steady flow of income plays a very important role in bitcoin investment, and this is the reason why investors can accumulate bitcoin. However, where there is no steady source of income, investors struggle to accumulate bitcoin because they need to meet daily demands. I think it is a necessity for investors to have a steady source of income, because for one to be able to accumulate bitcoin consistently without any challenges, there must be a steady source of income. Let us not sound as if every investor doesn't need a steady source of income to invest in bitcoin; it is possible that some may cope, but more income makes for better investment.

No body is disputing the fact about the importance of a stable source of income but we also need to know that it is not enough to even have a stable source of income there must be a discretionary income just like what sim card say, no investor is expected to be struggling to accumulate Bitcoin no need to be struggling it is meant to be done whenever you have this discretionary income at your disposal, I got your point and on that When there is no discretionary income an investor can pause their investment and improve their financial situation before talking about the continuity of their investment, it is better to be a low coiner than being a no coiner.

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June 30, 2025, 11:24:21 AM
 #18238

You don't need to have a stable source of income before investing but somehow along the line, the stable income is still needed to maintain the steady cash flow that will continuously make you to accumulate more bitcoins because even as you invest within your discretionary income, if there is no steady cash flow it means your DCA will not be regular thereby it will try stagnate your accumulation process and the need to also have a stable income is so that you can remove the fear of market actions such as volatility but when you don't have a stable income source, at any slight changes in the market you will already start to shiver because it will look as if you don't have any back-up funds to ginger your morale during the time of constant market fluctuations.
Let's tell ourselves the truth. Having a steady flow of income plays a very important role in bitcoin investment, and this is the reason why investors can accumulate bitcoin. However, where there is no steady source of income, investors struggle to accumulate bitcoin because they need to meet daily demands. I think it is a necessity for investors to have a steady source of income, because for one to be able to accumulate bitcoin consistently without any challenges, there must be a steady source of income. Let us not sound as if every investor doesn't need a steady source of income to invest in bitcoin; it is possible that some may cope, but more income makes for better investment.
I think you should just understand the simple logic here, nobody is disputing the fact that you don't require a source of income, you need a source of income to be able to build an emergency funds and reserved funds to enable you protect your Bitcoin investment as well as to take care of your expenses, but to start an investment in Bitcoin or to keep accumulating Bitcoin continuously what you require is a discretionary funds, don't you think having a stable source of income doesn't guarantee you having a discretionary funds, for instance I have a stable source of income of 100$ on a weekly basis and all that 100$ goes to my weekly expenses of rent, phone carrier, and groceries, and gas, what of all that 100$ goes to expenses what discretionary funds are my left with, I will say nothing and I can't start investing or accumulating with this so called stable source of income.

Perhaps you decide to invest with your stable source of income it's more like you are gambling with your investment and I must say you plan to fail with that strategy.

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June 30, 2025, 11:33:42 AM
 #18239

You don't need to have a stable source of income before investing but somehow along the line, the stable income is still needed to maintain the steady cash flow that will continuously make you to accumulate more bitcoins because even as you invest within your discretionary income, if there is no steady cash flow it means your DCA will not be regular thereby it will try stagnate your accumulation process and the need to also have a stable income is so that you can remove the fear of market actions such as volatility but when you don't have a stable income source, at any slight changes in the market you will already start to shiver because it will look as if you don't have any back-up funds to ginger your morale during the time of constant market fluctuations.
Let's tell ourselves the truth. Having a steady flow of income plays a very important role in bitcoin investment, and this is the reason why investors can accumulate bitcoin. However, where there is no steady source of income, investors struggle to accumulate bitcoin because they need to meet daily demands. I think it is a necessity for investors to have a steady source of income, because for one to be able to accumulate bitcoin consistently without any challenges, there must be a steady source of income. Let us not sound as if every investor doesn't need a steady source of income to invest in bitcoin; it is possible that some may cope, but more income makes for better investment.

No body is disputing the fact about the importance of a stable source of income but we also need to know that it is not enough to even have a stable source of income there must be a discretionary income just like what sim card say, no investor is expected to be struggling to accumulate Bitcoin no need to be struggling it is meant to be done whenever you have this discretionary income at your disposal, I got your point and on that When there is no discretionary income an investor can pause their investment and improve their financial situation before talking about the continuity of their investment, it is better to be a low coiner than being a no coiner.
It is very important to have a stable income and it is also enough having a stable source of income. This is because a wise person plans his life within the reach of his stable income based on the duration of payments. Basically, any income that can not sustain your basic needs for the duration before your next payment is not also a stable source of income. This implies that for your source to be a stable source, it should be able to take care of your basic responsibilities.

However, when a person has a stable source of income, financial management matters and that is also where financial discipline comes in. A good financial management would make provision for the basic responsibilities and still make reservations for emergency funds to tackle uncertainties. Further self discipline would allow you think about tomorrow and the future. As a worker who earns a given amount, you are already aware that retirement is on the way, hence the need for retirement plans.

The need for retirement plans is the reason behind the further strain that you have to undertake to make room for Discretionary income which could allow you invest for tomorrow and future. When you are able to reach a level where you can spare a percentage of your income no matter how little, then you have a discretionary income and that's the amount you can invest in bitcoin.

The use of DCA strategy has also made it so flexible for anyone who is willing to invest in bitcoin to be able to acquire bitcoin no matter how little. A person can acquire as low as even $2 worth of bitcoin regularly based on your next payment period. Setting up an accumulation target would also discipline you against irregular DCAing by omitting some days without any tangible reasons.
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June 30, 2025, 11:54:50 AM
Merited by JayJuanGee (1)
 #18240

You don't need to have a stable source of income before investing but somehow along the line, the stable income is still needed to maintain the steady cash flow that will continuously make you to accumulate more bitcoins because even as you invest within your discretionary income, if there is no steady cash flow it means your DCA will not be regular thereby it will try stagnate your accumulation process and the need to also have a stable income is so that you can remove the fear of market actions such as volatility but when you don't have a stable income source, at any slight changes in the market you will already start to shiver because it will look as if you don't have any back-up funds to ginger your morale during the time of constant market fluctuations.
Let's tell ourselves the truth. Having a steady flow of income plays a very important role in bitcoin investment, and this is the reason why investors can accumulate bitcoin. However, where there is no steady source of income, investors struggle to accumulate bitcoin because they need to meet daily demands. I think it is a necessity for investors to have a steady source of income, because for one to be able to accumulate bitcoin consistently without any challenges, there must be a steady source of income. Let us not sound as if every investor doesn't need a steady source of income to invest in bitcoin; it is possible that some may cope, but more income makes for better investment.

No body is disputing the fact about the importance of a stable source of income but we also need to know that it is not enough to even have a stable source of income there must be a discretionary income just like what sim card say, no investor is expected to be struggling to accumulate Bitcoin no need to be struggling it is meant to be done whenever you have this discretionary income at your disposal, I got your point and on that When there is no discretionary income an investor can pause their investment and improve their financial situation before talking about the continuity of their investment, it is better to be a low coiner than being a no coiner.
It is very important to have a stable income and it is also enough having a stable source of income. This is because a wise person plans his life within the reach of his stable income based on the duration of payments. Basically, any income that can not sustain your basic needs for the duration before your next payment is not also a stable source of income. This implies that for your source to be a stable source, it should be able to take care of your basic responsibilities.

However, when a person has a stable source of income, financial management matters and that is also where financial discipline comes in. A good financial management would make provision for the basic responsibilities and still make reservations for emergency funds to tackle uncertainties. Further self discipline would allow you think about tomorrow and the future. As a worker who earns a given amount, you are already aware that retirement is on the way, hence the need for retirement plans.

The need for retirement plans is the reason behind the further strain that you have to undertake to make room for Discretionary income which could allow you invest for tomorrow and future. When you are able to reach a level where you can spare a percentage of your income no matter how little, then you have a discretionary income and that's the amount you can invest in bitcoin.

The use of DCA strategy has also made it so flexible for anyone who is willing to invest in bitcoin to be able to acquire bitcoin no matter how little. A person can acquire as low as even $2 worth of bitcoin regularly based on your next payment period. Setting up an accumulation target would also discipline you against irregular DCAing by omitting some days without any tangible reasons.

There are many people who do not have a stable source of income. For example, there are many people who get their money after six months or a year, like contractors, when they complete a certain amount of work, then they get money. We cannot call them stable in this case. It is not something that you need a stable source of income to invest or to maintain discipline in your life. You only need a source of income from which you can earn a discretionary income through proper financial management. Like I will give you a real example.

In our area, there was a person who used to work on contracts. Like he used to take contract work from people, someone would tell him that I will give you money after my house is completely built. Many times, he would build the house in one or two days, and if it was a very big house, he would build it over a long period of time. Again, many times, he would sit there without any work. We cannot call it stable income, but he is managing his life through his financial management.

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