Buy the DIP, and HODL!

[DYOR+BTC]

Remember that Bitcoin is not for everyone and not everyone can afford it. We must always accept this reality.

I disagree with you, because Bitcoin is for everyone and everyone can afford Bitcoin, Bitcoin is not something that you need to buy with hudge amount of money, the way Satoshi design Bitcoin, it allows us to buy it fraction by fraction consistently with our discretionary income using the DCA strategy until will accumulate a good portion of it and hold for Long team, let's say 4 to 10 years or longer in other to make good profits from it. So stop discouraging people by saying that Bitcoin is not for everyone, and not everyone can afford to buy Bitcoin, because it's wrong okay.

Yes, Bitcoin was created by Satoshi so that anyone could buy it, regardless of race, religion, or anything else. So, if you say Bitcoin isn't for everyone, I think that assumption is completely wrong. Also, if you mean that poor people shouldn't buy Bitcoin, I think, financially, that's both true and false. Basically, even poor people, if they have a strong desire to invest in Bitcoin, I think they can. As long as there's a desire, I think there's a way. Even rich people don't necessarily want to buy Bitcoin if they're not interested. So, the bottom line is, whether rich or poor, I think we just need a desire to invest in Bitcoin, and sooner or later, we'll be able to invest in Bitcoin. Therefore, I disagree with the assumption that Bitcoin isn't for everyone. Basically, if there's a desire, anyone can buy Bitcoin.

Poor people have trouble producing discretionary income and an ability to hold and continue to add to an investment for 4-10 years or longer... Yet, bitcoin is still available to poor people, even though they could end up contributing to their own financial harm if they invest into bitcoin beyond their discretionary income..

Not all poor people are having trouble producing discretion income, it could be poor people without planing or financial management. Being poor doesn't signifies not being able to have discretion fund or income, but due to the way some people kept themselves it now looks as if they can't have discretion fund or could end up contributing to their own  financial harm, but I bet its not always like that. Just that some makes it look so. Besides that I don't know how we can quantify a poor person, because I see that each person has his level of income and provided they can afford as little as they can then they can't be considered poor. To me a poor person in Bitcoin investment is a person who can afford to buy any amount of Bitcoin despite the amount they have. They might be rich but lacking the passion of investment into Bitcoin can be considered poor. To me a no coiner or low coiner is poor minded but an investor who invest as little as they can afford without being biased can be considered rich because rich and poor is not the finance but the mindset and how we take investment seriously that can determine who is rich or poor. A poor minded person is poor, while a rich minded person is rich if put to action at the right time.

[Dogedegen]

I disagree with you on this, Satoshi didn't create or design Bitcoin for people to get it little by little that is wrong[/b], have you forgotten that Bitcoin was not created at $100k and above? When Bitcoin was created it was below $300 I guess and I'm sure Satoshi didn't know Bitcoin will be this great in years coming even though he might have the intention that it can be use as alternative method with fiat. So what you stated is not true. Back then you can literary buy as money Bitcoin as you want with 1-$2k, Bitcoin was not created at this stage it is now rather it started from somewhere and get to this present stage and that is why we say Bitcoin has potential and it will keep growing.

It is wrong to think that bitcoin was created to be acquired in a whole because you can get bitcoin in fractions. I was actually having this mindset before that you can only buy bitcoin in a whole. This kind of thinking is what makes some set of people to think that bitcoin is too expensive because they feel that you can't buy bitcoin in fractions. Also is very to think that the person that created bitcoin never knew that it will get to this level. I think if there is anyone that ever believe that bitcoin will get to this level or more than this level is satoshi.

The user is just spewing some bullshit. Satoshi made Bitcoin divisible precisely because it was being future-proofed for accumulation in tiny amounts. In the future you will see people acquiring it in satoshis and never in BTC amounts because there will be too many zeroes.

Not all poor people are having trouble producing discretion income, it could be poor people without planing or financial management. Being poor doesn't signifies not being able to have discretion fund or income, but due to the way some people kept themselves it now looks as if they can't have discretion fund or could end up contributing to their own  financial harm, but I bet its not always like that. Just that some makes it look so.

Your definition of poor people is people who have extra money to invest in things?   Being poor is the definition of being unable to create any real discretionary income. Sure if you skip that doctor's appointment for your child you can have some extra income to spend on beer and Bitcoin, does that mean you are not poor? No it does not.

[Nightwatchmare]

For clarity attempting to time the market before making purchases of Bitcoin does not define DCA strategy because by definition it entails buying Bitcoin without any form of timing the market so any investor attempting to time the market before buying Bitcoin has already gotten a shift from the use of DCA to another strategy which should be the buying the dip and can no longer be considered as DCA even if he DCA from the previous buying, timing the market is not associated with the real definition of the DCA strategy and usage it doesn't tally.

DCA means Dollar Cost Averaging. it is an investment strategy. where you do not have to invest a large sum at once. you can buy bitcoin with a fixed amount weekly or monthly. for example if you want to buy $120k worth of bitcoin but you do not have enough money. you can following DCA method. you can buy $10k of btc each month for 12 months, and after a year, your target will be reached. the advantage is that when the price drops, you buy more btc, and when the price rises you buy less. at the end of the year, you get an average price.
 
 For example:
 
- month 1: btc price $100 → invest $100 → get 1 btc
 
- month 2: btc price $50 → invest $100 → get 2 btc
 
- month 3: btc price $200 → invest $100 → get 0.5 btc
 
total spent: $300 total coins: 3.5 btc average price per btc: $300 ÷ 3.5 = $85.71
 
advantages: you don’t have to worry about market ups and downs. long-term investing can increase profit. mental stress is less. beginners can invest easily.

disadvantages: if the market only rises, buying all at once could be better. if investing short-term, DCA may give less profit. DCA is a method of gradually investing in bitcoin over time to reduce losses and get a good average price.

For an investor being intentional about taking investment decisions based on market conditions doesn't seem to be an effective strategy for me, if the plan is to buy and hold for long then whatever price you consider to be high as when the price rises will still a dip tomorrow when Bitcoin will make new highs, am not encouraging the idea of being intentional about buying less when the price rises and buying more when the price drops, buying with the available % of discretionary income I will choose to invest with without considering the market conditions more effective for me because I will be free from any form of fear and greed index over the market fluctuations.

If an investor is investing in Bitcoin with a long term mindset, and the investor is depending on the market conditions to accumulate Bitcoin, that's not an effective way to invest in Bitcoin. The investor won't accumulate a good quantity of Bitcoin even if he/she has good discretionary income because if the price of Bitcoin doesn't drop to his/her taste, he/she won't be willing to invest in Bitcoin, and it will cause him/her to miss a lot of good opportunities to accumulate Bitcoin. Bitcoin investment is best done when you are very consistent in accumulating Bitcoin with your discretionary income when it is available without waiting for any market condition. So even if investors will want to invest in Bitcoin when the Bitcoin price drops to the level they will be satisfied with, they should have an ongoing DCA strategy so that it will help them to be consistent in accumulating Bitcoin to a chance to accumulate a good quantity of Bitcoin.

[Sonia_123]

Remember that Bitcoin is not for everyone and not everyone can afford it. We must always accept this reality.

I disagree with you, because Bitcoin is for everyone and everyone can afford Bitcoin, Bitcoin is not something that you need to buy with hudge amount of money, the way Satoshi design Bitcoin, it allows us to buy it fraction by fraction consistently with our discretionary income using the DCA strategy until will accumulate a good portion of it and hold for Long team, let's say 4 to 10 years or longer in other to make good profits from it. So stop discouraging people by saying that Bitcoin is not for everyone, and not everyone can afford to buy Bitcoin, because it's wrong okay.

Yes, Bitcoin was created by Satoshi so that anyone could buy it, regardless of race, religion, or anything else. So, if you say Bitcoin isn't for everyone, I think that assumption is completely wrong. Also, if you mean that poor people shouldn't buy Bitcoin, I think, financially, that's both true and false. Basically, even poor people, if they have a strong desire to invest in Bitcoin, I think they can. As long as there's a desire, I think there's a way. Even rich people don't necessarily want to buy Bitcoin if they're not interested. So, the bottom line is, whether rich or poor, I think we just need a desire to invest in Bitcoin, and sooner or later, we'll be able to invest in Bitcoin. Therefore, I disagree with the assumption that Bitcoin isn't for everyone. Basically, if there's a desire, anyone can buy Bitcoin.

Poor people have trouble producing discretionary income and an ability to hold and continue to add to an investment for 4-10 years or longer... Yet, bitcoin is still available to poor people, even though they could end up contributing to their own financial harm if they invest into bitcoin beyond their discretionary income..

Not all poor people are having trouble producing discretion income, it could be poor people without planing or financial management. Being poor doesn't signifies not being able to have discretion fund or income, but due to the way some people kept themselves it now looks as if they can't have discretion fund or could end up contributing to their own  financial harm, but I bet its not always like that. Just that some makes it look so. Besides that I don't know how we can quantify a poor person, because I see that each person has his level of income and provided they can afford as little as they can then they can't be considered poor. To me a poor person in Bitcoin investment is a person who can afford to buy any amount of Bitcoin despite the amount they have. They might be rich but lacking the passion of investment into Bitcoin can be considered poor. To me a no coiner or low coiner is poor minded but an investor who invest as little as they can afford without being biased can be considered rich because rich and poor is not the finance but the mindset and how we take investment seriously that can determine who is rich or poor. A poor minded person is poor, while a rich minded person is rich if put to action at the right time.

A poor man is some one who cannot provide or lacks financial resources other to meet is basic needs and a good standard of leaving, who is below social standard and so if you have such person how then do you want him to invest in bitcoin because since he can't provide all these needs for himself, how then can he set aside discretionary income to be invested in bitcoin, it is only if he chooses to come out of his poor situation that he can be able to get a discretionary income they he can reason and plan about his bitcoin investment using the dca method which is a very easy method of accumulating bitcoin for a long period of time which will help him come out of his poor financial state.

[New Judgement]

Yes, Bitcoin was created by Satoshi so that anyone could buy it, regardless of race, religion, or anything else. So, if you say Bitcoin isn't for everyone, I think that assumption is completely wrong. Also, if you mean that poor people shouldn't buy Bitcoin, I think, financially, that's both true and false. Basically, even poor people, if they have a strong desire to invest in Bitcoin, I think they can. As long as there's a desire, I think there's a way. Even rich people don't necessarily want to buy Bitcoin if they're not interested. So, the bottom line is, whether rich or poor, I think we just need a desire to invest in Bitcoin, and sooner or later, we'll be able to invest in Bitcoin. Therefore, I disagree with the assumption that Bitcoin isn't for everyone. Basically, if there's a desire, anyone can buy Bitcoin.

I guess the real issue here is access and mental preparation. Technically Bitcoin is for everyone because it can be broken down to 8 decimal places and anyone can start with rather little money. The DCA method has the advantage of buying in small portions which helps to gradually save a good amount.

But the reality is frankly different. Not everyone is financially stable or has a risk taking mindset. We have seen in history during the bull runs of 2017 and 2021 many new investors rushed in and sold out in panic when the price dropped again. So technically Bitcoin is actually for everyone but in reality only those people who have the at the end of the day patience understanding and ability to take to be honest risks will succeed.

In actually other words whether frankly poor or rich financial situation and mental preparation are essential before investing. Otherwise just having technical access is not enough.

I think this is quite a simple scenario that we are talking about here, Bitcoin is for everyone as simple as possible that we can say it, when you have a discretionary income first of all to start investing then Bitcoin is for you to be taken and start investing, You literally need money to buy Bitcoin, it’s not like we are buying Bitcoin for free, So in the society we find out that there are people who are jobless and idol and have nothing doing, they even struggle to pay for their bill and expenses, are we also going to be saying that Bitcoin is for them also ?

Yes @Alonso_ Bitcoin is for them, the only difference is that their present predicament is not allowing them to accumulate bitcoin, but once there is a change in their financial status they can buy bitcoin. What such people just need is to change their present status, by looking for a job, and once they get a paying job they can start buying bitcoin. That's why I said bitcoin is for them. Many of us that are now bitcoin investors today, were nocoiners few years back but today we are now bitcoin investors.

Was bitcoin for us back then? "Yes" but it was just us that were delaying. So bitcoin is for everyone, it is only left for you to make up your mind and start your accumulation journey. If Bitcoin wasn't design to be for everyone, do you think the elite class will allow we plebs to buy it? The answer will be NO, because they wouldn't want me you the plebs to have access to it. They would have seized the opportunity, but Satoshi foresaw this and designed Bitcoin to be for everyone irrespective of your social status. Just make up your mind and buy as much as you can afford according to your financial level.

[centrum]

The investment objective is not to achieve an average price at the end of our year, but rather to accumulate the amount of Bitcoin in our portfolio at the end of the year. However the examples you have explained here are specifically indicating the correct effectiveness and correct way of investing in DCA. This method may be feasible to maintain the ongoing flow of investment,It can even serve as a defensive strategy against adverse conditions and storms, therefore if the purpose of this investment is correct, it will be possible to succeed. See, no matter what we do, if the investment amount is fixed, there is no pressure attached to it, which is the advantage of this method. By the way it can be concluded that the amount of difficulty in this method is very negligible, because investing smaller digits, we have the opportunity to purchase more shares at a lower price and less shares at higher prices, you may not be able to find these facilities any other way.

in our society and in our country, there are many middle-class people who are involved with bitcoin. everyone wishes to invest some money in bitcoin and keep it saved for the future. but buying a large amount of bitcoin at once is not possible for most people, maybe due to family expenses. that’s where the dca method creates the opportunity. you set a target like, by the end of the year, you will invest a good amount. there’s no pressure here, no extra worry. whenever you have some extra money in hand, you can invest weekly or monthly. this way, you don’t feel any pressure. saving is such a thing that helps you survive in the later stage of life. right now, you may have the strength, but one day both you and i will grow old, and that’s when these savings will become useful.

if you keep money in the bank, it could get corrupted, and if the bank shuts down, your money is gone. but if you store your bitcoin holdings, they’ll stay with you for life and no one can take them away. that’s why using the dca system to build savings for your retirement can truly change your life.

[Joeboy]

[



I disagree with you on this, Satoshi didn't create or design Bitcoin for people to get it little by little that is wrong, have you forgotten that Bitcoin was not created at $100k and above? When Bitcoin was created it was below $300 I guess and I'm sure Satoshi didn't know Bitcoin will be this great in years coming even though he might have the intention that it can be use as alternative method with fiat. So what you stated is not true. Back then you can literary buy as money Bitcoin as you want with 1-$2k, Bitcoin was not created at this stage it is now rather it started from somewhere and get to this present stage and that is why we say Bitcoin has potential and it will keep growing.

It is wrong to think that bitcoin was created to be acquired in a whole because you can get bitcoin in fractions. I was actually having this mindset before that you can only buy bitcoin in a whole. This kind of thinking is what makes some set of people to think that bitcoin is too expensive because they feel that you can't buy bitcoin in fractions. Also is very to think that the person that created bitcoin never knew that it will get to this level. I think if there is anyone that ever believe that bitcoin will get to this level or more than this level is satoshi.

That very mindset has trapped so many folks from kickstarting their Bitcoin accumulation journey, coz they they are still  keep thinking that Bitcoin is unaffordable and as such  only meant for the rich.....To burst this bubble, I will say this Bitcoin is divisible up to 8 decimal places,, the smallest unit is called Satoshi, which is 0.00000001 BTC. This implies that you don’t have to have to buy one full Bitcoin before you can start your journey, you can begin with whatever amount your discretionary income allows, even if it is just a few thousand naira or a few dollars, what matters is your level of consistency. And overtime (4-10yrs+) those consistent buys accumulate into something meaningful. So in essence Bitcoin is for  the people, it belongs to everyone, it isn't a cultural or a racial currency, rather it is a Global Currency For the People , emphasis on the Global.........Thhe image below examplifies my point

[JayJuanGee]

[edited out]

i hear you , stating that Bitcoin is not for everyone is a kind of missing the point of how it was designed, you don't need to accumulate as much as a whole BTC that is the beauty of it. Satoshi built it so anyone can accumulate it bit by bit, with small amount it is not about being rich it is being consistent a strategies like DCA can make it possibility for everyday to get in , no matter how little their income level is, so bitcoin is for everybody.

I disagree with you on this, Satoshi didn't create or design Bitcoin for people to get it little by little that is wrong, have you forgotten that Bitcoin was not created at $100k and above? When Bitcoin was created it was below $300 I guess and I'm sure Satoshi didn't know Bitcoin will be this great in years coming even though he might have the intention that it can be use as alternative method with fiat. So what you stated is not true. Back then you can literary buy as money Bitcoin as you want with 1-$2k, Bitcoin was not created at this stage it is now rather it started from somewhere and get to this present stage and that is why we say Bitcoin has potential and it will keep growing.

Bitcoin did not have a price at all for about a year and a half after it had gone live.  Surely there were some exchanges of bitcoin, yet the Pizza transaction is one of the first recognized transactions in May 2010, which would have had been nearly a year and a half after bitcoin had gone live.

There are many aspects about bitcoin that makes it for anyone and/or anyone, yet if someone is really poor, they can still buy some satoshis, but they might not be able to put as much value into bitcoin as compared with someone with more money,  yet many of us have spoken on the bitcoin topic for years and recognized that even a relatively poor person could use bitcoin in such a way that he accumulates bitcoin disproportionately to someone else who is way better off than him, and he ends up profitting stupendously based on his focusing on accumulating and holding bitcoin.

Even a guy who had been accumulating $10 per week of bitcoin for the past 12-ish years (such as starting in early 2014) may well would have had accumulated a few bitcoin by now, especially if he persistently bought in 2014, 2015, 2016, 2017, 2018, 2019 and 2020.  It would be difficult even for a fairly well-to-do person (who is just staring out) to accumulate a few bitcoin these days... so the relatively poor person who ONLY had $10 per week to invest into bitcoin would have had passed up a great number of his peers, and he maybe well would have had passed up some folks who were in much stronger financial status than him.

Right now a person with 4 BTC could sustain an annual income of $21k per year from the passive income off of that bitcoin, and likely by 2029, 4 BTC will be able to sustain something like $80k per year income, for anyone who had either already accumulated 4 BTC or who might be in the process of building up such size of a bitcoin stash..

Right now it is quite difficult for anyone (even relatively well to do people) to accumulate 4 BTC, even though guys who started accumulating bitcoin 1 or 2 cycles back, might have a good chance of reaching such goal, depending on how much of their discretionary income or other ways that they might have been able to get into bitcoin.

Poor people have trouble producing discretionary income and an ability to hold and continue to add to an investment for 4-10 years or longer... Yet, bitcoin is still available to poor people, even though they could end up contributing to their own financial harm if they invest into bitcoin beyond their discretionary income..

Even if they do get some discretionary income it is usually wasted on things instead of invested.

Sure.  Most people do not save and/or invest, even people who have decently good sizes of discretionary income.

These type of people have issues relating to not being able to have things.

You make it sound as if poor people have moral problems.

Sure, there sometimes are reasons why people are poor that relate to individual responsibility, but other times, they might have had started out in a position in which it might not have had been very likely that they would have had been able to get out of their poverty status.

Then once they acquire spending money they tend to go around trying to heal these issues by spending it.

Sure. Sometimes it can take quite a bit of discipline and practice to build strong cashflow management practices, and some poor folks might not want to go through the discipline, organization and efforts to actually improve their cashflow management skills/practices.

I have seen a few cases of someone who was very poor in their childhood gain a lot of wealth later in life. They keep buying all sorts of things and waste a lot of money. Of course this does not apply for everyone.

If someone has poor habits and also a bad mindset , they might not know how to manage their money and their emotions and they might not even know where to put their money and to live off of the stream of it, rather than spending down the principle.

So for example in traditional investments, if you have $2 million and if you can put it somewhere that you are on average able to earn at least 4% per year, then you would be able to withdraw 4% per year without depleting the principle.. So that would be an income of $6,666 per month or $80k per year.

If you put that $2 million into bitcoin right now, then that would get you right around 17.8 BTC, which I personally believe that you could withdraw $94k per year in a sustainable and perpetual way, since bitcoin is a better investment than most places that you could put your money.

Not everyone realizes that there are ways to spend and invest and to not overly deplete their principle.  So mistakes will be made if a person comes across a bunch of money but does not figure out some plan to make sure that they are not overly spending from it, but that it is in a place that will likely gain value.

Of course, if a person came across $2 million, and he was wanting to invest most of it into bitcoin, and then to keep some cash out, he could even choose to keep  $400k out of his investment and put into some kind of a liquid way of being able to draw his income for the next 4 years, so then he would end up ONLY buying right around 14.3 BTC right now, and surely he can see where his 14.3 BTC will be at in 4-ish years when he might start to drawing income upon his bitcoin, which I personally consider based on estimations regarding future projections of the 200-WMA that he would likely be in a position to draw more than $100k per year, and possibly even more than $200k per year by the time we get to late 2029.. since if the 200-WMA is valued aroudn $211k at that time, then his BTC stash of 14.3 BTC woold be valued at around $3 million, which would allow him to withdraw around $300k per year starting in late 2029.

Surely future projections might not end up being correct, so guys have to consider how to handle what they  have and how to deploy any of their resources to account for future possibilities.

[edited out]

Not all poor people are having trouble producing discretion income, it could be poor people without planing or financial management. Being poor doesn't signifies not being able to have discretion fund or income, but due to the way some people kept themselves it now looks as if they can't have discretion fund or could end up contributing to their own  financial harm

It is hard to not overly generalize since people will tend to be poor for differing kinds of reasons, and frequently poor people will not have many assets and/or very good income or good income prospects.  Surely there can be cases in which some poor people can organize themselves out of an otherwise bad situation.. but yeah odds are against folks who are poor, even though sometimes there might be some ways out of the poor trap.. and bitcoin could be helpful, but not going to necessarily help any poor person out if they are not figuring out ways to improve their discretionary income.

, but I bet its not always like that. Just that some makes it look so. Besides that I don't know how we can quantify a poor person, because I see that each person has his level of income and provided they can afford as little as they can then they can't be considered poor.

0f course , we can make some generalizations, and surely some poor people are going to have worse situations than others, and there may well be a lot of devil in the details in order to attempt to figure out if there might be some ways that some poor people might be able to organize their way out of a situation in which various cards might be stacked against them.

To me a poor person in Bitcoin investment is a person who can afford to buy any amount of Bitcoin despite the amount they have. They might be rich but lacking the passion of investment into Bitcoin can be considered poor.

Sure, there are various persons who have a lot of income, but they are not prioritizing investing into bitcoin, and they might not even recognize/appreciate the problems that bitcoin potentially helps to resolve.

To me a no coiner or low coiner is poor minded but an investor who invest as little as they can afford without being biased can be considered rich because rich and poor is not the finance but the mindset and how we take investment seriously that can determine who is rich or poor. A poor minded person is poor, while a rich minded person is rich if put to action at the right time.

Yes, for sure we know about examples of persons who are poor and are able to invest into bitcoin for many years and get themselves ahead of their peers and also to get themselves ahead of people who are in way better financial circumstances.  Above in my response to sotelorene, I describe a hypothetical situation in which a person who started investing into bitcoin in 2014 at $10 per week may well could have had accumulated around 4 BTC over the years, and surely there are folks with $100k incomes who might not ever be able to get to levels of 4 BTC.

[Catenaccio]

Bitcoin is Bitcoin, let it be what it is.

You and any other people can call Bitcoin as whatever terms from digital gold, digital currency, magic computer money, the internet money, store of value, whatever but such terms don't change Bitcoin. It's just Bitcoin since 2009 and will still be Bitcoin into the future years.

See magic computer money was firstly used in 2012.
Read the book The bullish case for Bitcoin and the Lindy effect, then think of bigger Lindy effects on Bitcoin when time flies in more years. Lastly, be confident with your long-term investment in Bitcoin and ignore all FUDs against Bitcoin that are all unnecessary for your investment focus.

Debunk all the FUDs.

[Nightwatchmare]

Remember that Bitcoin is not for everyone and not everyone can afford it. We must always accept this reality.

I disagree with you, because Bitcoin is for everyone and everyone can afford Bitcoin, Bitcoin is not something that you need to buy with hudge amount of money, the way Satoshi design Bitcoin, it allows us to buy it fraction by fraction consistently with our discretionary income using the DCA strategy until will accumulate a good portion of it and hold for Long team, let's say 4 to 10 years or longer in other to make good profits from it. So stop discouraging people by saying that Bitcoin is not for everyone, and not everyone can afford to buy Bitcoin, because it's wrong okay.

Yes, Bitcoin was created by Satoshi so that anyone could buy it, regardless of race, religion, or anything else. So, if you say Bitcoin isn't for everyone, I think that assumption is completely wrong. Also, if you mean that poor people shouldn't buy Bitcoin, I think, financially, that's both true and false. Basically, even poor people, if they have a strong desire to invest in Bitcoin, I think they can. As long as there's a desire, I think there's a way. Even rich people don't necessarily want to buy Bitcoin if they're not interested. So, the bottom line is, whether rich or poor, I think we just need a desire to invest in Bitcoin, and sooner or later, we'll be able to invest in Bitcoin. Therefore, I disagree with the assumption that Bitcoin isn't for everyone. Basically, if there's a desire, anyone can buy Bitcoin.

Poor people have trouble producing discretionary income and an ability to hold and continue to add to an investment for 4-10 years or longer... Yet, bitcoin is still available to poor people, even though they could end up contributing to their own financial harm if they invest into bitcoin beyond their discretionary income..

Bitcoin is for everyone and it can only be for everyone when you have a cashflow and discretionary income to start investing and continue accumulating

You don't need to be able invest continuously with DCA method in order to keep your bitcoin accumulation journey ongoing before bitcoin is for you to invest into. Anyone that has a discretionary income can invest into bitcoin provided he will holdi for a long time. It does not matter if he can continue purchasing with DCA constantly every week because some people only have discretionary income once in awhile.

It's better to get the fuck out of the no coiner zone and be a low coiner than waiting till when you will have a stabke discretionary income before starting your Bitcoin investment. If you can buy first, and continue working on how to improve your income either by looking for a second means of job or working on improving yourself by learning a skill or getting a higher qualification for an increase in pay in order to enable you buy bitcoin continuously with weekly DCA for 4-10 years and above for the gradual growth of your bitcoin stash.

DCA has to do with investing a fix amount of money in bitcoin at a regular intervals without looking at the market conditions.

It's not compulsory that you should use a fix amount of money to DCA every week/month especially when you have a small discretionary income. Your expenses for the week is what will determine how much that is leftover for you to DCA with since we must not invest beyond your discretionary income.

Some week, your expenses will be lesser compared to the previous weeks, you will have a higher discretionary income and you can invest more money into bitcoin. Any week that your expenses is very high and with a lesser discretionary income, you all invest with lesser amount. The most important thing is that you should keep your bitcoin accumulation ongoing with consistent and persistent for a long-term till you reach your bitcoin target.

I like the idea of trying to invest every week, especially for newbies and especially in their beginning years of investing into bitcoin, yet it is true that some folks might have difficulties getting their cashflow to a state in which weekly buys are practical in regards to how their cashflow comes in and/or when their expenses are due.

[edited out]

You can buy Bitcoin when the price drops but it should be a lump sum buying, When you are consistent in accumulating . Most new investors expect to buy Bitcoin when it drops further. I will just tell those investors that Bitcoin is still within your buying range so don't get it wrong now is the best time to use your assets properly.

You are mixing up lump sum buying and buying on the dip.  They are two separate categories, and sure you can use both of them, but you should at least understand the difference.

When you buy on the dip, just because you use a lot of money, that does not convert your buying on the dip into lump sum.  It is still buying on the dip.

i hear you , stating that Bitcoin is not for everyone is a kind of missing the point of how it was designed, you don't need to accumulate as much as a whole BTC that is the beauty of it. Satoshi built it so anyone can accumulate it bit by bit, with small amount it is not about being rich it is being consistent a strategies like DCA can make it possibility for everyday to get in , no matter how little their income level is, so bitcoin is for everybody.

I disagree with you on this, Satoshi didn't create or design Bitcoin for people to get it little by little that is wrong, have you forgotten that Bitcoin was not created at $100k and above? When Bitcoin was created it was below $300 I guess and I'm sure Satoshi didn't know Bitcoin will be this great in years coming even though he might have the intention that it can be use as alternative method with fiat. So what you stated is not true. Back then you can literary buy as money Bitcoin as you want with 1-$2k, Bitcoin was not created at this stage it is now rather it started from somewhere and get to this present stage and that is why we say Bitcoin has potential and it will keep growing.

I don't know where you guys are even getting the idea that Satoshi Nakamoto created Bitcoin to be acquired in a whole or fraction because that's not the ideal that led Satoshi Nakamoto to create Bitcoin. Satoshi Nakamoto wasn't satisfied with the stress we have to pass through when sending money to someone, so he created Bitcoin to eliminate the burden in the banking sector so that we can send money to someone anywhere in the world within a second without passing through tough times. But in the process of using Bitcoin for the main purpose it was created for, people discovered that Bitcoin is an asset that is good for investment, and they started investing in Bitcoin. So if you have the money to buy 1000 pieces of Bitcoin, you can do that, and nobody will stop you because it's your money, and you are responsible for how you want to spend it, but if don't have enough money to even buy one Bitcoin, then you can accumulate Bitcoin little by little, and that's where the DCA comes in.

[Bigjoe33]

Poor people have trouble producing discretionary income and an ability to hold and continue to add to an investment for 4-10 years or longer... Yet, bitcoin is still available to poor people, even though they could end up contributing to their own financial harm if they invest into bitcoin beyond their discretionary income..

Even if they do get some discretionary income it is usually wasted on things instead of invested. These type of people have issues relating to not being able to have things. Then once they acquire spending money they tend to go around trying to heal these issues by spending it. I have seen a few cases of someone who was very poor in their childhood gain a lot of wealth later in life. They keep buying all sorts of things and waste a lot of money. Of course this does not apply for everyone.

. Am happy that one may not even need millions to invest in owning some bitcoin at the moment, but what matters is if they have a source of income
that would enable them to maintain a strategy

What really matters when investing in bitcoin is a discretionary income, not a source of income, because their are so many guys that have a source of income but still can't figure out their discretionary income, so discretionary income is very important for consistent accumulation of Bitcoin.

like the bull season where they can sell or reinvest into other businesses or cryptocurrency for better returns or for proper positioning in the financial market.

Are you kidding 😂😂😂😂
You are talking of selling during the bull run just to use the money and reinvest in shit coin. If that's what you have in mind, it's pure self destruct that is, because alt and meme are full of shit, and by putting your money into it, it is nothing short of gambling since the possibility of losing your money is higher than your chances of making something out of it.

Most people lost money this way, they are using survivorship bias believing that every person is gonna get rich when in reality it is like trying to become the lottery winner. One bad shitcoin investment to wipe out years of good work and gains, fascinating strategy. There are so many fools that are still waiting for their altcoin to recover from -50% or higher losses whereas Bitcoin is having phenomenal performance in the same time.

Yea, you are actually right @Dogedegen. One bad shitcoin investment can mess your financial life up. I have a friend who believes so much in shitcoins investment. Just last week he chartted me up, complaining of how he lost 700k Nigerian currency to an online shitcoins investment scheme, and the loss has drastically and/or completely drained his physical business. It is at this point of regret he spoke of a better and more reliable investment means, which is Bitcoin, but according to him, waiting for so long for the investment has always been his problem.

At this point I asked him, would he rather invest in shitcoins and expect quick returns and loose all your money just like what happened now, or it's better you invest in Bitcoin gradually and Hodl and be sure of your future gains? He thought about it for a while and then said the one that provides assurance for future worth and value is the best, then I told him welcome.

I had also explained to him that I used to be a shitcoin investor or a trader, but it's not really predictable and can be misleading, hence, I opted for a more solid, reliable and trustworthy coin which provides me financial backing and freedom in the nearest future, and that's Bitcoin. Though when he came asking about Bitcoin months back, I had explained the basics he needs to know, and the best way to accumulate Bitcoin using the DCA strategy through your discretionary income, what discretionary income means and how best to raise it, and also the importance of raising back up funds such as emergency funds and other back funds to enable him sustain his Bitcoin for long term which is the real deal, with this previous explanations and the present, he is more than interested and willing to begin his accumulation process promising to make more personal research and kick start his journey.

Whatever he decides to do at the end, it's really his personal view and opinion, I think I have played my role by enlightening him of the danger of shitcoins and altcoins, and the future that Bitcoin holds for us generally. It's all to him, I have saved a soul from another future financial breakdown due to wrong or uncertain investments, and that gives me self satisfaction.

[Tamaperdana]

I think you don’t have to wait till you get all the  mental preparations or anything before getting started in bitcoin investment.

To start investing, you need to be mentally prepared so that you can start investing freely and have confidence in the investment. If you have not yet been able to establish enough confidence in the investment due to lack of knowledge or your mental state is not suitable for investment, then I think it is not wrong for you to delay the investment for a while. For example, if there is a disruption in your normal life due to some issue, if any incident around you disturbs you mentally or if there is a shadow of grief in your family or your personal life. In these situations, I think your mental state is not at all conducive to investment. Or you must be mentally prepared before making any long-term risky decision. This requires some time and good advice. However, it is not at all appropriate to delay the investment by making excuses, I do not see anything wrong in delaying it for any reason.

A strong mentality is essential when investing in Bitcoin, as it helps us maintain more stable decision-making. However, when starting to invest, I don't think we need to develop a strong mentality to begin with. This is because a strong mentality can't be cultivated without firsthand experience and experience. Essentially, this mentality is formed when we start investing in Bitcoin. Don't bother training it, as it will naturally develop over time.

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.

[Barikui1]

Yea, you are actually right @Dogedegen. One bad shitcoin investment can mess your financial life up. I have a friend who believes so much in shitcoins investment. Just last week he chartted me up, complaining of how he lost 700k Nigerian currency to an online shitcoins investment scheme, and the loss has drastically and/or completely drained his physical business. It is at this point of regret he spoke of a better and more reliable investment means, which is Bitcoin, but according to him, waiting for so long for the investment has always been his problem.

At this point I asked him, would he rather invest in shitcoins and expect quick returns and loose all your money just like what happened now, or it's better you invest in Bitcoin gradually and Hodl and be sure of your future gains?He thought about it for a while and then said the one that provides assurance for future worth and value is the best, then I told him welcome.

I understand that you are trying to help a friend, but I want you to understand that the good you are trying to do will turn bad in a split seconds if you don't do it well, giving a newbie enough assurance of his future returns if he Invest in Bitcoin is really a bad idea because if anything happens to his Bitcoin investment, you will be held accountable, and you and I knows that nothing is guaranteed in this life due to the fact that we live in a world full of uncertainty, so it would have been better you explain the risk associated with Bitcoin also to him, because according to your explanation, it looks like Bitcoin has no risk at all which I see as misleading, so telling him the risk and how that risk can be shrinked to the bearest minimum if it can be held for a very long time is much better than giving him too much assurance on Bitcoin, when we know that it is not risk free.

I think I have played my role by enlightening him of the danger of shitcoins and altcoins, and the future that Bitcoin holds for us generally.

Truly you have done well by telling him the danger attached to investment in alt and meme coin, but if you did not complete your explanation by telling him the risk attached to Bitcoin also and how it can be mitigated if held for a very long time, you are doing a great disservice to yourself because he will hold you accountable if anything happens to his Bitcoin investment, if it doesn't goes as planned.

[Jostern]

Remember that Bitcoin is not for everyone and not everyone can afford it. We must always accept this reality.

I disagree with you, because Bitcoin is for everyone and everyone can afford Bitcoin, Bitcoin is not something that you need to buy with hudge amount of money, the way Satoshi design Bitcoin, it allows us to buy it fraction by fraction consistently with our discretionary income using the DCA strategy until will accumulate a good portion of it and hold for Long team, let's say 4 to 10 years or longer in other to make good profits from it. So stop discouraging people by saying that Bitcoin is not for everyone, and not everyone can afford to buy Bitcoin, because it's wrong okay.

Yes, Bitcoin was created by Satoshi so that anyone could buy it, regardless of race, religion, or anything else. So, if you say Bitcoin isn't for everyone, I think that assumption is completely wrong. Also, if you mean that poor people shouldn't buy Bitcoin, I think, financially, that's both true and false. Basically, even poor people, if they have a strong desire to invest in Bitcoin, I think they can. As long as there's a desire, I think there's a way. Even rich people don't necessarily want to buy Bitcoin if they're not interested. So, the bottom line is, whether rich or poor, I think we just need a desire to invest in Bitcoin, and sooner or later, we'll be able to invest in Bitcoin. Therefore, I disagree with the assumption that Bitcoin isn't for everyone. Basically, if there's a desire, anyone can buy Bitcoin.

Poor people have trouble producing discretionary income and an ability to hold and continue to add to an investment for 4-10 years or longer... Yet, bitcoin is still available to poor people, even though they could end up contributing to their own financial harm if they invest into bitcoin beyond their discretionary income..

Not all poor people are having trouble producing discretion income, it could be poor people without planing or financial management. Being poor doesn't signifies not being able to have discretion fund or income, but due to the way some people kept themselves it now looks as if they can't have discretion fund or could end up contributing to their own  financial harm, but I bet its not always like that. Just that some makes it look so. Besides that I don't know how we can quantify a poor person, because I see that each person has his level of income and provided they can afford as little as they can then they can't be considered poor. To me a poor person in Bitcoin investment is a person who can afford to buy any amount of Bitcoin despite the amount they have. They might be rich but lacking the passion of investment into Bitcoin can be considered poor. To me a no coiner or low coiner is poor minded but an investor who invest as little as they can afford without being biased can be considered rich because rich and poor is not the finance but the mindset and how we take investment seriously that can determine who is rich or poor. A poor minded person is poor, while a rich minded person is rich if put to action at the right time.

A poor man is some one who cannot provide or lacks financial resources other to meet is basic needs and a good standard of leaving, who is below social standard and so if you have such person how then do you want him to invest in bitcoin because since he can't provide all these needs for himself, how then can he set aside discretionary income to be invested in bitcoin, it is only if he chooses to come out of his poor situation that he can be able to get a discretionary income they he can reason and plan about his bitcoin investment using the dca method which is a very easy method of accumulating bitcoin for a long period of time which will help him come out of his poor financial state.

There is every possibility that people who find themselves in this similar situation would find it difficult accumulating or buying bitcoin, that is why it would make more sense if someone who have interest in buying bitcoin should always find a way to create a cashflow or something to have an income that would definitely create an opportunity for discretionary income, bitcoin is very easy and simple to buy and accumulate because you dont necessarily need a lot of money to buy and accumulate bitcoin, a little discretionary income could happen to be enough in buying and accumulating bitcoin, I think even poor people doesn’t live without eating, there are still little means in which they can possibly be making money, and be taking care of their expenses which is why they can be able to afford bitcoin if they possibly have a cashflow. There are people who are called poor but if they have a mindset of buying bitcoin they can still possibly do it, that is why we have poor and average and wealthy individuals, as the level of cashflow is different that is how the amount of bitcoin accumulation will be different, but that doesn’t stop anyone from possibly buying and accumulating bitcoin.

[Tmoonz]

Remember that Bitcoin is not for everyone and not everyone can afford it. We must always accept this reality.

I disagree with you, because Bitcoin is for everyone and everyone can afford Bitcoin, Bitcoin is not something that you need to buy with hudge amount of money, the way Satoshi design Bitcoin, it allows us to buy it fraction by fraction consistently with our discretionary income using the DCA strategy until will accumulate a good portion of it and hold for Long team, let's say 4 to 10 years or longer in other to make good profits from it. So stop discouraging people by saying that Bitcoin is not for everyone, and not everyone can afford to buy Bitcoin, because it's wrong okay.

Yes, Bitcoin was created by Satoshi so that anyone could buy it, regardless of race, religion, or anything else. So, if you say Bitcoin isn't for everyone, I think that assumption is completely wrong. Also, if you mean that poor people shouldn't buy Bitcoin, I think, financially, that's both true and false. Basically, even poor people, if they have a strong desire to invest in Bitcoin, I think they can. As long as there's a desire, I think there's a way. Even rich people don't necessarily want to buy Bitcoin if they're not interested. So, the bottom line is, whether rich or poor, I think we just need a desire to invest in Bitcoin, and sooner or later, we'll be able to invest in Bitcoin. Therefore, I disagree with the assumption that Bitcoin isn't for everyone. Basically, if there's a desire, anyone can buy Bitcoin.

Poor people have trouble producing discretionary income and an ability to hold and continue to add to an investment for 4-10 years or longer... Yet, bitcoin is still available to poor people, even though they could end up contributing to their own financial harm if they invest into bitcoin beyond their discretionary income..

Not all poor people are having trouble producing discretion income, it could be poor people without planing or financial management. Being poor doesn't signifies not being able to have discretion fund or income, but due to the way some people kept themselves it now looks as if they can't have discretion fund or could end up contributing to their own  financial harm, but I bet its not always like that. Just that some makes it look so. Besides that I don't know how we can quantify a poor person, because I see that each person has his level of income and provided they can afford as little as they can then they can't be considered poor. To me a poor person in Bitcoin investment is a person who can afford to buy any amount of Bitcoin despite the amount they have. They might be rich but lacking the passion of investment into Bitcoin can be considered poor. To me a no coiner or low coiner is poor minded but an investor who invest as little as they can afford without being biased can be considered rich because rich and poor is not the finance but the mindset and how we take investment seriously that can determine who is rich or poor. A poor minded person is poor, while a rich minded person is rich if put to action at the right time.

A poor man is some one who cannot provide or lacks financial resources other to meet is basic needs and a good standard of leaving, who is below social standard and so if you have such person how then do you want him to invest in bitcoin because since he can't provide all these needs for himself, how then can he set aside discretionary income to be invested in bitcoin, it is only if he chooses to come out of his poor situation that he can be able to get a discretionary income they he can reason and plan about his bitcoin investment using the dca method which is a very easy method of accumulating bitcoin for a long period of time which will help him come out of his poor financial state.

There is every possibility that people who find themselves in this similar situation would find it difficult accumulating or buying bitcoin, that is why it would make more sense if someone who have interest in buying bitcoin should always find a way to create a cashflow or something to have an income that would definitely create an opportunity for discretionary income, bitcoin is very easy and simple to buy and accumulate because you dont necessarily need a lot of money to buy and accumulate bitcoin, a little discretionary income could happen to be enough in buying and accumulating bitcoin, I think even poor people doesn’t live without eating, there are still little means in which they can possibly be making money, and be taking care of their expenses which is why they can be able to afford bitcoin if they possibly have a cashflow. There are people who are called poor but if they have a mindset of buying bitcoin they can still possibly do it, that is why we have poor and average and wealthy individuals, as the level of cashflow is different that is how the amount of bitcoin accumulation will be different, but that doesn’t stop anyone from possibly buying and accumulating bitcoin.

Priority has been given to figuring out a discretionary income to be eligible to invest in Bitcoin investment but however, there are other way anyone can invest in Bitcoin if they don't have a discretionary income available and that is investing their time and energy in trying to learn about Bitcoin while trying to work out and improve their financial circumstances in to figuring out a discretionary income to accumulate Bitcoin, Bitcoin is not just a trend it is a hope for man kind and of course we should keep encouraging people in to either investing their time energy and resources in Bitcoin because it really worth it.

[Futurexxx]

Priority has been given to figuring out a discretionary income to be eligible to invest in Bitcoin investment but however, there are other way anyone can invest in Bitcoin if they don't have a discretionary income available and that is investing their time and energy in trying to learn about Bitcoin while trying to work out and improve their financial circumstances in to figuring out a discretionary income to accumulate Bitcoin, Bitcoin is not just a trend it is a hope for man kind and of course we should keep encouraging people in to either investing their time energy and resources in Bitcoin because it really worth it.

Anyone that has no source of income have no business investing in Bitcoin because it's through there he will figure out  his or her discretionary income from.

He needs to first look for a way to take care of himself and his basic needs first before thinking of investing, and it's true that learn about Bitcoin when you don't have a discretionary income to invest with is not a bad idea but it's very important that you start your Bitcoin investment journey as quick as you can no matter how small your discretionary income is, because you can still be learning while accumulating consistently, because the big disadvantage in learning about Bitcoin when you have no discretionary income to invest with is that you may get too excited with it and start investing money meant for something else, and in such a situation, you will likely sell off prematurely once the needs arises for what the money is meant for, so working on ways to improve your finance so that you can invest is of more importance than put more effort to learn when you haven't even started.

[Derekfunds]

[




I disagree with you on this, Satoshi didn't create or design Bitcoin for people to get it little by little that is wrong, have you forgotten that Bitcoin was not created at $100k and above? When Bitcoin was created it was below $300 I guess and I'm sure Satoshi didn't know Bitcoin will be this great in years coming even though he might have the intention that it can be use as alternative method with fiat. So what you stated is not true. Back then you can literary buy as money Bitcoin as you want with 1-$2k, Bitcoin was not created at this stage it is now rather it started from somewhere and get to this present stage and that is why we say Bitcoin has potential and it will keep growing.

It is wrong to think that bitcoin was created to be acquired in a whole because you can get bitcoin in fractions. I was actually having this mindset before that you can only buy bitcoin in a whole. This kind of thinking is what makes some set of people to think that bitcoin is too expensive because they feel that you can't buy bitcoin in fractions. Also is very to think that the person that created bitcoin never knew that it will get to this level. I think if there is anyone that ever believe that bitcoin will get to this level or more than this level is satoshi.

Planning on buying a whole Bitcoin is not wrong especially if you have the capacity after all institutions and companies are buying based on their reach but it will be very wrong to think of buying a whole Bitcoin when you don't have the capacity because you will be discourage at some point rather what someone should do if they don't have the capacity is to be accumulating little by little using the DCA method and with consistent buying and using a good amount you will see yourself holding more than 1 Bitcoin in years coming because you will also be taking advantage of the Dip sometimes.

[GIF-JOBS]

[




I disagree with you on this, Satoshi didn't create or design Bitcoin for people to get it little by little that is wrong, have you forgotten that Bitcoin was not created at $100k and above? When Bitcoin was created it was below $300 I guess and I'm sure Satoshi didn't know Bitcoin will be this great in years coming even though he might have the intention that it can be use as alternative method with fiat. So what you stated is not true. Back then you can literary buy as money Bitcoin as you want with 1-$2k, Bitcoin was not created at this stage it is now rather it started from somewhere and get to this present stage and that is why we say Bitcoin has potential and it will keep growing.

It is wrong to think that bitcoin was created to be acquired in a whole because you can get bitcoin in fractions. I was actually having this mindset before that you can only buy bitcoin in a whole. This kind of thinking is what makes some set of people to think that bitcoin is too expensive because they feel that you can't buy bitcoin in fractions. Also is very to think that the person that created bitcoin never knew that it will get to this level. I think if there is anyone that ever believe that bitcoin will get to this level or more than this level is satoshi.

Planning on buying a whole Bitcoin is not wrong especially if you have the capacity after all institutions and companies are buying based on their reach but it will be very wrong to think of buying a whole Bitcoin when you don't have the capacity because you will be discourage at some point rather what someone should do if they don't have the capacity is to be accumulating little by little using the DCA method and with consistent buying and using a good amount you will see yourself holding more than 1 Bitcoin in years coming because you will also be taking advantage of the Dip sometimes.

I agree with you, you should never think of buying the entire Bitcoin to buy Bitcoin, especially those with low incomes. Many people think that to profit from Bitcoin investment, they only have to buy the entire Bitcoin, and because of this wrong mentality, they stay away from Bitcoin investment. But if they keep buying Bitcoin continuously with a certain amount of money, then they will be able to accumulate a much better amount of Bitcoin over time, because in such a situation they are accumulating Bitcoin at an average price, and this is the real power of DCA, so this matter must be understood, if you continue consistently, you will eventually see that a beautiful holding has been created, which you could never have accumulated all at once.

[Cossyblack]

Poor people have trouble producing discretionary income and an ability to hold and continue to add to an investment for 4-10 years or longer... Yet, bitcoin is still available to poor people, even though they could end up contributing to their own financial harm if they invest into bitcoin beyond their discretionary income..

Well said Sir, Bitcoin doesn't discriminate any race,it is a universal currency that is available to everyone,even to poor people. Poor people experience difficulty producing a discretional income from their earning to invest in Bitcoin because their basic needs surpasses their weekly or monthly earning. I think in other for a poor man to meetup producing a discretional income to invest in Bitcoin, he/she has to stop depending on a single source of income since it isn't enough to satisfy his/her basic needs to produce a discretional income,rather he/she should start sourcing for extra jobs by increasing his/her hustle . Believe me, If he/she has extra jobs, combined incomes gotten from those jobs,he/she should be able settle his/her basic needs and should also be able to figure out a Discretional income from it to invest in Bitcoin for the long term.

[Ruttoshi]

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.