Yes, we can agree that anyone can invest as long as they have discretionary funds, yet if they are going to sustain their investment over 4-10 years or longer, they have to continue to have discretionary funds that are sufficient to pay for their expenses so that they don't have to tap into their investment, and even better if they can continue to add to their investment.
So there are levels, and surely a person's discretionary funds situation can be improved by increasing income, cutting expenses and perhaps even managing funds well so that he might not need to (or be tempted to) tap into his bitcoin at a time that is not of his choosing or due to poor cash flow managing systems/practices.
Because with a long time it will require free funds by someone so that when someone maintains an investment in a period of 5-10 years they have prepared the free funds for their needs in terms of maintaining the investment they made so that the answer that Mr. @JayJuanGee expressed will be a way for someone in terms of investing must be equipped with free funds for the reason of not directly using the results they have just invested because the basic goal of someone is to invest long term so regardless of what they do but when they feel there is a little profit do not be tempted by the profits that have only been a few days from what they invested because the long term will have more profits so by having the free funds it aims to be a tool to help us in maintaining long-term investments because if you do not have any free funds of course I also will not advise others to continue investing because the days will be difficult for us personally even though we want to invest but if there are no free funds available it would be better not to do it unless there are other funds saved and feel sufficient in waiting for the results of the long-term investment that we do.
We know that the future is not guaranteed, and we cannot even be sure about the ramifications of the consequences of our actions.
Even though past performance does not equal future performance or results, we likely can see scenarios where guys screw things up based on their own impatience and/or bad judgement.... so they end up in a worse situation based on their lack of patience
Let's say that 10 years ago, a guy in mid 50s came into bitcoin, and based on his health and lifestyle, he figure that at best he would be able to work another 10 years and then he would be stuck with whatever the results of what he had done since he would not be able to work anymore. He had various screwed up matters regarding debts that he had to get under control, and largely his income was in the $30ks to $40ks, so he figured that if he could replace his income that would be good and best case scenario would be that he could double his income and draw $80k per year from his investment. He decided to invest $100 per week into bitcoin (which would be in the range of 13% to 17% of his income into bitcoin)
We can look at DCA calculators to see that he could have had reached his best case goal to get to a point to have had been able to accumulate more than enough bitcoin with 14.13 BTC when
right now it ONLY takes around 13.7992 BTC to be able to generate $80k per year income and a 7% raise in the dollar amount each year.
Even though this guy could have had stayed focused on bitcoin, he did not. 10 years is a long time, and he ended up getting distracted, and on a couple of occasions he cashed out some bitcoin and he thought that he would be able to replace them later, but he ended up not replacing the bitcoin... so let's say in 2018 he sold 4 BTC for around $10k each.. so he ended up getting $40k for those... and maybe 2021 he sold another 4 BTC for around $50k each, so he got another $200k... .. so at the end of the whole deal he has right around 6 BTC rather than 14 BTC, which still is not a total disaster, but not as good of a place as he could have had been, so he just has to deal with his BTC stash size of 6 BTC rather than a stash size of 14 BTC, and he did have the fortune of cashing out $240k, so his sales were not total losses, even though they ended up depleting his final stash and even taking him down from his earlier goals.
Right now 6 BTC would still allow him to generate an income of $34,700 per year with 7% raises each year.. which is not a bad place to be. We can imagine situations where guys screw up their situation even worse, especially sometimes when they might think that they have more time to make up for their mistakes and then they end up selling way too much BTC too early and are not able to recover from their mistakes.
My overall conclusion is that most people do not have any meaningful investments, and sure they might end up buying their house, and in the west, they might have some retirement program through their employment.. yet most people do not have investments beyond those two.
Accordingly, Let's stick with the example of a certain number of guys who might come to bitcoin and they have already built up various investment assets, and so when they come to bitcoin they could be faced with either keeping those other investments (and even continuing to contribute to them) or they could slowly or even rapidly divest from those assets.
This is because their income has decreased slightly so I think it's perfectly understandable that they don't make meaningful investments.
With income limitations occurring in all countries not just in certain countries especially now that employment is quite difficult to find. Furthermore the economy in each country is sometimes shrinking in nominal terms. For those who are happy with just enough to meet their needs they don't consider investing citing limited income as the reason.
Of course this is very difficult because those who already own assets other than Bitcoin so if they want Bitcoin assets they will have to start from scratch. Even though they sometimes come with sufficient financial resources they are still somewhat uncertain about investing in Bitcoin.
However their confidence will be strengthened considering they came with the goal of accumulating BTC also because they want to own Bitcoin assets. Until now they only owned assets sometimes quite a lot but not Bitcoin. This will empower them without fear of buying Bitcoin even though market conditions sometimes increase in price. If they do as they did this month I am very confident they will achieve significant profits given that market conditions are quite favorable for buying Bitcoin.
Likely the presumption should be that the more assets and/or experiences a guy has a the time he is new to bitcoin, then the more options that he has based on his having more to work with.
If a person has little to no experience investing, then they need to work with what they got which includes building up an investment from their discretionary income. Surely even some beginners will have experiences managing their income in order to have confidence that they do not run out of money between paychecks, yet if they have negative experiences in their cashflow management practices, they likely need to work on those once they get started investing into bitcoin since they have to be making sure that they are investing into bitcoin from their discretionary funds and they also have enough of a cash cushion between their bitcoin investment so that they are not forced into a position of having to sell some or all of their bitcoin at time that is not of their own choosing...
..so yeah, cashflow management and determining discretionary income are basic skills that need to be built upon and potentially learned, even though they might not need to be learned before getting started, unless the newbie investor (hopefully with common sense) identifies that he needs to shore up aspects of his cashflow management in order to assure that he has discretionary funds available prior to buying bitcoin..
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When you want to start, you don't just need research alone, you also need to learn the basics to know what bitcoin is about and what investing in it is also because a lot of people don't even know because most people are always focusing on the wrong things and they need to be prepared for the investment because aside the capital you also need to be an extra ready because emotional involvement is important you need to be able to control your self so that you don't lose your mind as an investor everything needs to be put in place so that when you start investing you don't need to worry about anything because from the look of things before you start you have to have a plan of how you want everything to go because how do you want to do it, when there is no income because even if you want to do DCA you still need a income because there is no were that money will be coming from so we need to be ready because once there is a means you can budget for both the DCA and emergency funds those are the two important things you do so that nothing contradicts your investment plan, since the goal is to hold for very long time and people are underestimating how far this things can help.
You seem to be wanting to make matters more complicated than they need to be in order to get started investing into bitcoin.
With bitcoin investment one of the most important things is to get started instead of stalling and/or waiting, and all you need to get started is discretionary funds and common sense.
If you are lacking in comfort and/or knowledge in regards to the extent to which you have discretionary funds available now or in the future, then you keep your investment amount low and to invest within your comfort level, which you should be able to figure out your comfort level if you have common sense.
Of course, there are basics involving figuring out are you going to start out with $100 per week, or $10 per week or some other amount, and then where are you going to initially source your bitcoin, and so maybe a brand new person to bitcoin looks at a few charts and sees that BTC prices go up, down sideways and they are all over the place, and then he does a ballpark consideration regarding how much money he has available right now and then maybe he considers on a ballpark level how much he would have each week. So he starts with an initial amount, and maybe he considers that he could easily invest $100 per week into bitcoin, yet since he hardly knows anything about it, he decides to start with $30, and then thereafter $30 per week while he looks further into the bitcoin matter and he also looks further into his own income and psychological matters including considering where he is at with
his 9 individual factors.
He does not need to resolve or figure out any of his 9 individual factors when he starts out investing in bitcoin, even though it likely remains a good thing that he considers that getting clarity on his 9 individual factors are areas that would be helpful in increasing his comfort level and perhaps even his investment level.
So maybe he starts with $30 per week, and then after a few weeks he starts putting $30 per week into bitcoin and $20 per week into bolstering his back up funds (maybe his back up funds had been around $750, and his monthly expenses are around $1k - so he ONLY has around 75% of a month of his expenses and he realizes his goal would be to get to 3 month of his expenses in cash - or back up funds).
So then after around 6 weeks he increases, his BTC contribution to $50 per week and his back up funds to $30 per week.
Then after around 10 weeks he increases, his BTC contribution to $60 per week and his back up funds to $35 per week.
Then after around 16 weeks he increases, his BTC contribution to $90 per week and his back up funds to $50 per week.
Then after around 26 weeks he increases, his BTC contribution to $120 per week and his back up funds to $75 per week.
Then maybe he realizes that he has some other investments, and he considers if he might reallocate some of the value of some of those other investments into bitcoin.
Maybe after around a year and a half, his back up funds have reached around 4 months of his expenses, so he discontinues adding to his back up funds and he starts to only put money into bitcoin, around $150 per week.
The process of investment and cashflow management can be learned and the balances in regards to each can be adjusted along the way, too. Experience is one of the best of teachers, and delays in getting started are frequently unnecessary and the lack of comfort can be adjusted by position size as long as the investment is coming within discretionary funds and the person is trying to apply common sense.. including that if he knows that he does not know math very well (his math skills are bad) then he likely has to spend time improving those skills, but he does not need to NOT invest into bitcoin as long as he has enough skills to figure out the extent to which he has discretionary funds or not... and to only invest into bitcoin within the scope of his discretionary funds.
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How can they invest when their income is only enough to cover their daily needs It's not that they don't want to invest but rather that they lack the free funds they need. As you said, it's simply not feasible for them not to invest. In other words even those with less than a weekly monthly and even yearly income feel like they're sufficient to cover their daily needs.
This kind of thing happens a lot in other countries too. It's currently very difficult for people to find income-generating activities. It's time for a more equitable economic situation for everyone. I think it's not impossible for them with a stable income to continue investing to become their future assets.
This is just a decision that must be taken by people who already have assets other than BTC because I think they have felt what it is like to have easy results so that when they invest in Bitcoin of course when they accumulate Bitcoin with the DCA method the mentality in doing it first is what they must have because apart from buying Bitcoin if it happens again in a down market condition of course they will feel a little anxious because at first someone in accepting what happened is sometimes very difficult to accept especially if they have often received
profits in the form of other assets besides Bitcoin so I think this is what must be explored first.
You seem to be suggesting that there may still be possibilities to put money into bitcoin even if a person does not have discretionary funds, and to me, that sounds like trading and/or gambling rather than investing, including that we should be striving to get to a point that we are putting money into bitcoin for 4-10 years or longer.. and surely 10 years or longer unless we have age and/or health considerations that might cause our investing for less than 10 years and perhaps as low as 4 years.
Sure it is understandable that brand new people into bitcoin might feel that they are not able to commit for even 4 years, so brand new folks to bitcoin might come to bitcoin with ideas of getting in and out of bitcoin in less than 4 years, yet that is a trading mentality and the carrying out of trading activities, which we are not talking about in this thread.
Even though you are mentioning various ways that guys might get income, you seem to be referring to shitcoining and/or trading, which are also not topics of this thread... even though I suppose if we have various sources of income and they add up to giving up discretionary funds that we can invest into bitcoin for 4-10 years or longer then it might not really matter so much from where we got the funds - even though surely it is understandable that there are many guys who may well be struggling quite a bit in terms of being able to ongoingly generate income, and many of us likely realize that it is one thing to get started investing in bitcoin, and it is another thing to be able to continue to invest in bitcoin and/or to hold onto our bitcoin investment after we got started - which means a need for ongoing income to pay for our expenses so that we don't end up having to tap into our bitcoin at a time that is not completely at our own choosing.
