JJG’s Outline of Bitcoin Investment Ideas

[Alonso_]

Some of the investors that i have came across with, is true that investors who make use of DCA method have the advantage of waiting for dip, to buy once using lump sum method to make use of chance of the dip, if you have reach their overaccumulation status and you decided to stop accumulating, this discussion just made to recall on what an investors told me about overaccumulation status and you don't need to keep accumulating, and that is why i suggested to say it out here to reaction about it, then i can learn from it too, it is a bad idea holding back bad impression that will misleading you in future.

A lot of investors actually don't get what the proper use of the DCA strategy with investing in bitcoin looks like, and this is just one of the misinterpretationa to it as you have it above. For bitcoin DCA-ing the investor doesn't have a specific time in the market to buy, in other words, he doesn't wait for the price dip before buying. IT'S A CONSISTENT PROCESS BASE ON YOUR CASH FLOW, of which the market price of bitcoin doesn't have to influence whether you'll have to buy or wait. You just buy, keep the accumulation process in motion without giving cognisance to price levels. You gat to work with a timeline, could be 6-8 years, 6-10 or as the case may be for the investor.

You indicate that my consistently buy is basically determined by my cash flow, over the time in this forum and the thread i came across, i was best to understand, not having cash flow doesn't stop any investors from buying and accumulate consistently. On the second note i understand that i don't have to wait for dip since I'm making use DCA method and providing my discretionary income is there to determines how far i can buy.

Your consistency in buying bitcoin solemnly depends on your discretionary income, and it’s through your discretionary income that you can keep buying bitcoin, if you don’t have a discretionary income you can’t buy bitcoin, and probably you’re only having a discretionary income when you have a cashflow, because your cashflow depends entirely on your sources of income, so having different other cash flow still gives you an opportunity to keep buying more bitcoin solemnly depends, and also helps to increasingly invest in your bitcoin stacking up on a regular basis interval, and there is no point waiting for the dip when you can always keep buying bitcoin through the DCA, which is a more stable techniques.

[adultcrypto]

You indicate that my consistently buy is basically determined by my cash flow, over the time in this forum and the thread i came across, i was best to understand, not having cash flow doesn't stop any investors from buying and accumulate consistently.

If you don't have cashflow, what will you use in your bitcoin investment? I think you are mistaken your terminology a little because an investor need money to buy bitcoin just like money is needed for anything that is related to investment. If you are referring to having a stable cashflow, then you are partly correct as an investor need because having a regular source of income makes the investment process easier. However, someone with source of income that does not give regular cashflow can still invest in Bitcoin, it will only require working out averages of when he do expect inflows, it could be in six months, three months or even yearly.

[Brizi5000]

It is better to have stable income rather than not having stable income, even though having stable income is not a prerequisite for getting started buying up bitcoin and even buying bitcoin on a regular basis.
At the same time, it does not seem very likely or easy for anyone to really sustain buying bitcoin for extended periods or even to have an investment timeline that is 4-10 years or longer if he is not figuring out ways to try to either get regular income or perhaps to get high income when he is working - otherwise he may well be investing from his savings (ie reserve funds), which may well end up running out if income does not come in on a regular enough basis to buttress up whatever funds the guy had been using to buy bitcoin.

Having a stable income is better because it would help an Investor to have steady discretionary income . Without a stable income an investor would find it difficult to secure discretionary income to buy bitcoin at regular basis. However an investor can get started without having a stable income but it is better he has one because it would help him figure out discretionary income consistently over the next 4-10 years or more.  investors without a stable income mustn't invest if they don't have discretionary income,they should wait until their next income arrives so that they can figure out discretionary income from there.

i largely agree with your ideas, but then again i think that its not just all about having a stable income that matters, what matters most is having the right financial management skills to be able to manage this income properly so as to be able to figure out a discretionary income at the end of the day for bitcoin investment. an individual having a stable income is not a guarantee that he will have a steady discretionary income to buy bitcoin if he does not have good financial management skills. even if the income is not stable, but with a proper financial management skill one can still be able to figure out a discretionary income to use for bitcoin investment either weekly or monthly dca settings or sometimes based on how the income comes.

[ultrloa]

Unstable financial situation and uncertain income sometimes it happens by some people, and with everyone must have a desire to save then it must be damaged even with unstable financial circumstances and uncertain income the exact amount. With one of the ways you have mentioned, namely cutting expenses that are not so important because sometimes there are expenses that we don't realize but that affect our finances even though it is small if done frequently it will be felt too.

Moreover, if the investment has been carried out regularly but because of the unstable money situation, do not make the investment strike for a while until you get a stable income again, as much as possible it is better to be able to maintain and run the investment made with the DCA strategy that has been carried out.

Bitcoin investment only requires you to have a discretionary income and not a stable income which means that part of the reason why folks shouldn’t invest or pause/stop to invest in bitcoin is only if they are unable or struggling to sort out their basic financial needs or expenses and not really because the income is unstable for them because even people with unstable income can still invest in bitcoin if they could be able to from Time to time figure out a discretionary income to use for their bitcoin accumulation and hold either weekly or monthly basis depending on how they are able to figure out a discretionary income.  The DCA strategy is there to help people with unstable income not to totally pause or stop their investments halfway simply because they don’t have stable income as they can always be able to invest when they are able to figure out a discretionary income from time to time. Having a stable income doesn’t really means that you’ll be able to figure out a discretionary income from it but with a proper financial management skill even if the income is not stable one can still be able to invest in bitcoin with his discretionary income only.

It is better to have stable income rather than not having stable income, even though having stable income is not a prerequisite for getting started buying up bitcoin and even buying bitcoin on a regular basis.

At the same time, it does not seem very likely or easy for anyone to really sustain buying bitcoin for extended periods or even to have an investment timeline that is 4-10 years or longer if he is not figuring out ways to try to either get regular income or perhaps to get high income when he is working - otherwise he may well be investing from his savings (ie reserve funds), which may well end up running out if income does not come in on a regular enough basis to buttress up whatever funds the guy had been using to buy bitcoin.

For sure, sometimes guys have regular income that is not adequate, yet if they are not able to get higher paying jobs, then they have to deal with what they have, and try to figure out ways to increase their income so that they end up having extra income to be able to invest into bitcoin in such a way that they will be able to build and hold their bitcoin for 4-10 years or longer, and yeah, many times, the timeline would end up playing out to be 10 years or longer, since it tends to take so much time to build up a bitcon stash.. and guys who have shorter than 10 year investment timelines may well be guys who are older or have health issues - otherwise we should be trying to consider bitcoin as a kind  of life time investment that we need to maintain some level of bitcoin holdings, and better if we can build our bitcoin holdings up to a decently good size through ongoing buying techniques... unless we might have some abilities to front load our bitcoin investment, which would also be a good thing for guys who are able to accomplish front loading of their bitcoin stash and cutting down on some of the time that it may well otherwise take if they are merely having to build from their regular income (and their discretionary funds) that tend to be difficult for many guys to even be in a position to be able to ongoingly invest more than 10% of their income into bitcoin (of course from their discretionary funds)..

Much easier for people to sustain their investments if they manage to have stable income, because it plays important role to increase their chances to survive for those long term challenges.

Although this is not really a mandatory requirements if they are new and want to start their journey, what's more important is they work hard to improve their lives and try to increase their income or cash flow.

Real big challenges for people struggling financially is to be consistent on what they are doing since their savings has big chances to get drained and if that situation happen that make them struggle to keep up and survive for that 4 - 10 years target.

This is also why aside from thinking about being consistent for long term, they should try lots of ways to improve their cash flow. Since with that they can keep up or continue to buy on desired target without thinking about those unnecessary issues that will come to them.

[Black Panda]

It is better to have stable income rather than not having stable income, even though having stable income is not a prerequisite for getting started buying up bitcoin and even buying bitcoin on a regular basis.
At the same time, it does not seem very likely or easy for anyone to really sustain buying bitcoin for extended periods or even to have an investment timeline that is 4-10 years or longer if he is not figuring out ways to try to either get regular income or perhaps to get high income when he is working - otherwise he may well be investing from his savings (ie reserve funds), which may well end up running out if income does not come in on a regular enough basis to buttress up whatever funds the guy had been using to buy bitcoin.

This is the real issue for investors because it is better to have stable income rather than not having stable income, In fact, by stable income we mean something that remains unchanged or fixed over time and what is found regularly is stable. But volatile income can change over time and there is no guarantee that it will even be earned so through this difference, maybe everyone will understand which Bitcoin is important for investing or which is important for living. Coming here and from my experience, from what I understand, people can easily arrange basic living needs and investable money from a stable income. However this stable income may not be a prerequisite to start investing, but it is necessary to maintain the investment in the long term and extend it for at least 4-10 years.

[The Founding Titan]

It is better to have stable income rather than not having stable income, even though having stable income is not a prerequisite for getting started buying up bitcoin and even buying bitcoin on a regular basis.
At the same time, it does not seem very likely or easy for anyone to really sustain buying bitcoin for extended periods or even to have an investment timeline that is 4-10 years or longer if he is not figuring out ways to try to either get regular income or perhaps to get high income when he is working - otherwise he may well be investing from his savings (ie reserve funds), which may well end up running out if income does not come in on a regular enough basis to buttress up whatever funds the guy had been using to buy bitcoin.

This is the real issue for investors because it is better to have stable income rather than not having stable income, In fact, by stable income we mean something that remains unchanged or fixed over time and what is found regularly is stable. But volatile income can change over time and there is no guarantee that it will even be earned so through this difference, maybe everyone will understand which Bitcoin is important for investing or which is important for living. Coming here and from my experience, from what I understand, people can easily arrange basic living needs and investable money from a stable income. However this stable income may not be a prerequisite to start investing, but it is necessary to maintain the investment in the long term and extend it for at least 4-10 years.

Alot of people don't understand the difference between having a stable source of income and having a source of income,  and I think there is also s downplay on the meaning of the word stable,  an income can be stable but not steady and steady and not stable in the sense that a steady income comes in at a regular interval and a stable income comes at a fixed price.
Your income doesn't have to be steady or even stable for you to be able to accumulate bitcoin as long as your can generate discretionary income from it to accumulate bitcoin with.
The more people keep dwelling on having a stable or/and steady source of income the more they will be unlikely to start accumulating bitcoin,  what they should instead be focused on is getting discretionary income out of their income.

[Different patterns]

If your reach overaccumulation status you don't need to keep accumulating, as long as you don't withdrawal greater than the sustainable rate.

When we are able to reach the excess savings level, we can stop buying continuously and try to take advantage of the opportunities of the decline. When the market falls, we can buy some during that decline or we can buy aggressively so that we can get a good amount of profit in the future. In the future, Bitcoin may turn into an asset. Just like we buy land now, Bitcoin is being said to be an asset. The demand for Bitcoin is increasing day by day and the supply of Bitcoin is very low. And the volatility of Bitcoin is a matter of concern whether Bitcoin can be used instead of fiat currency at the present time and in the future. For all these reasons, I think Bitcoin will turn into an asset.

Some of the investors that i have came across with, is true that investors who make use of DCA method have the advantage of waiting for dip, to buy once using lump sum method to make use of chance of the dip, if you have reach their overaccumulation status and you decided to stop accumulating, this discussion just made to recall on what an investors told me about overaccumulation status and you don't need to keep accumulating, and that is why i suggested to say it out here to reaction about it, then i can learn from it too, it is a bad idea holding back bad impression that will misleading you in future.

With bitcoin, as we believed that bitcoin price movements are unpredictable, any one keep waiting for dip, you might miss out on long-term growth, because many people are stayed expecting the lower price before starting their investment, which make them miss out  opportunities ,only watch the market move without them
DCA has come to solves this problem by allowing the newbie and also professional investors to invest small-small, with consistent amount  regularly, regardless of weather price is down or up, the whole purpose of DCA is to remove the stress and also uncertainty trying to predict market, making your investment to move smoothly without any form of distraction.

[gracreavix]

If we can buy consistently, then we will not only have to wait for opportunities, but through continuous investment, we will be able to take advantage of all kinds of opportunities. Those who only wait miss many investment opportunities because these investors do not understand where the next movement of the market will be, due to which they cannot buy at the right time, but those who invest consistently in the DCA investment strategy buy at every stage of the market, so when the market comes down relatively, the investors still have investment, and when the market goes up, these investors still have investment, so they do not miss any opportunity.

Sometimes it is seen that many people have enough money to invest, have enough time, but due to excessive thinking, they cannot invest. I think these investors always regret it. We have seen many such cases in the past where people have regretted not being able to invest, so now if there is opportunity and time, they should continue investing continuously. In order to continue investing continuously, an investor does not need much, but he needs some ideas about investment and discretionary income. 
When an investor has discretionary income, he or she will be able to continue investing consistently with that discretionary income.

In The use of DCA strategy I don't think there is such thing as opportunity,
You just have one job, which to invest regularly regardless of the state of the market

Don’t make this DCA thing sound like it’s some ritual kind of thing. That you must keep doing one particular thing, or else you’re doing it wrong. It can as well be flexible if an investor structured funds permits it.
Even with that fact that we shouldn’t fixate our eyes on trying to catch every opportunity and dips, that doesn’t still mean that if one comes, we shouldn’t take advantage of it if funds permits.
The only real problem is when someone starts trying to time the dip.

[Princess Leah]

In The use of DCA strategy I don't think there is such thing as opportunity,
You just have one job, which to invest regularly regardless of the state of the market

Don’t make this DCA thing sound like it’s some ritual kind of thing. That you must keep doing one particular thing, or else you’re doing it wrong. It can as well be flexible if an investor structured funds permits it.
Even with that fact that we shouldn’t fixate our eyes on trying to catch every opportunity and dips, that doesn’t still mean that if one comes, we shouldn’t take advantage of it if funds permits.
The only real problem is when someone starts trying to time the dip.

It's not compulsory but advisable to start with it, every investor would use it at some point and since many people missed investing in the early days, there's no perfect strategy to advise them to accumulate with than the DCA, lately the market keeps fluctuating which could leads to emotions that would make investors do silly things but the DCA would help keep them in check.

 Well it's almost impossible to catch all the buying opportunities  cause of how the market keeps fluctuating up and downward lately but with the DCA investors would witness several dips especially if the person is someone that buys weekly, more reasons why beginners have to take it seriously than other strategies cause they need to be more consistent than those that's reach over accumulation stage.

[Victorybit1]

The only real problem is when someone starts trying to time the dip.

I guess it's all part of the flexibility of the investment, there are different ways to time the dip and we can execute it perfectly without it being a problem too. You can grow the power of your discretionary income and also keep some reserve funds from it for the purpose of going aggressively and buying the dip when the opportunity presents itself and of course you can still be buying regularly with your DCA method and it won't be a problem to you. But if you are the type that would want to wait on the market to dip or plan on saving lots of money without starting the investment at the go just for the reason that you want to buy when the price is low then that's a different thing and mentality all together because there is absolutely no guarantee on when the price is going to dip and if you as an investor is doing this then you are already having a trader mentality of which will be off no good to you. Bitcoin investment should start immediately once you have your discretionary income available, wasting of time and procrastinating only prolongs and delays the time at which you would have gathered enough if you had started with the means of funds.

[Rockson1]

Don’t make this DCA thing sound like it’s some ritual kind of thing. That you must keep doing one particular thing, or else you’re doing it wrong. It can as well be flexible if an investor structured funds permits it.
Even with that fact that we shouldn’t fixate our eyes on trying to catch every opportunity and dips, that doesn’t still mean that if one comes, we shouldn’t take advantage of it if funds permits.
The only real problem is when someone starts trying to time the dip.

Nope, the practice of DCA strategy does not prevent anyone from doing lump sum, the DCA strategy is flexible, consistency is the goal, you're right with what you said, like I do tell people is that there is no strategy of buying Bitcoin that is not good or important but the application matters, you have to apply them properly, as someone who's into DCA, you can buy the dip if only you have the cash to do so when it comes but is not advised to wait for the dip reason being that we do not know whne it will be and how much time it will last and what if it does not even come I'm just saying, lump is a good strategy too that can help us to get to that point we are targeting very fast but as real investors, we do not have to be idle, investment should be very much on consistently, dull moments should not be entertained by Bitcoiners because time waits for nobody.

[Derekfunds]

It is better to have stable income rather than not having stable income, even though having stable income is not a prerequisite for getting started buying up bitcoin and even buying bitcoin on a regular basis.
At the same time, it does not seem very likely or easy for anyone to really sustain buying bitcoin for extended periods or even to have an investment timeline that is 4-10 years or longer if he is not figuring out ways to try to either get regular income or perhaps to get high income when he is working - otherwise he may well be investing from his savings (ie reserve funds), which may well end up running out if income does not come in on a regular enough basis to buttress up whatever funds the guy had been using to buy bitcoin.

Having a stable income is better because it would help an Investor to have steady discretionary income . Without a stable income an investor would find it difficult to secure discretionary income to buy bitcoin at regular basis. However an investor can get started without having a stable income but it is better he has one because it would help him figure out discretionary income consistently over the next 4-10 years or more.  investors without a stable income mustn't invest if they don't have discretionary income,they should wait until their next income arrives so that they can figure out discretionary income from there.

I don't totally agree with you, steady source of income can be good but in Bitcoin we doesn't need a steady or stable source of income in order to invest in Bitcoin but rather any source of income that can give or fetch us our discretionary income, that source of income is more than enough to invest in Bitcoin so don't give newbie this impression that without steady source of income it will be difficult to accumulate Bitcoin because it's not true. The only challenge someone without steady source of income will have is, if his or her needs are huge.

[Grease5000]

It is better to have stable income rather than not having stable income, even though having stable income is not a prerequisite for getting started buying up bitcoin and even buying bitcoin on a regular basis.
At the same time, it does not seem very likely or easy for anyone to really sustain buying bitcoin for extended periods or even to have an investment timeline that is 4-10 years or longer if he is not figuring out ways to try to either get regular income or perhaps to get high income when he is working - otherwise he may well be investing from his savings (ie reserve funds), which may well end up running out if income does not come in on a regular enough basis to buttress up whatever funds the guy had been using to buy bitcoin.

Having a stable income is better because it would help an Investor to have steady discretionary income . Without a stable income an investor would find it difficult to secure discretionary income to buy bitcoin at regular basis. However an investor can get started without having a stable income but it is better he has one because it would help him figure out discretionary income consistently over the next 4-10 years or more.  investors without a stable income mustn't invest if they don't have discretionary income,they should wait until their next income arrives so that they can figure out discretionary income from there.

i largely agree with your ideas, but then again i think that its not just all about having a stable income that matters, what matters most is having the right financial management skills to be able to manage this income properly so as to be able to figure out a discretionary income at the end of the day for bitcoin investment. an individual having a stable income is not a guarantee that he will have a steady discretionary income to buy bitcoin if he does not have good financial management skills. even if the income is not stable, but with a proper financial management skill one can still be able to figure out a discretionary income to use for bitcoin investment either weekly or monthly dca settings or sometimes based on how the income comes.

He is right that stable income is not required to start, but it becomes very important for sustainability. Without consistent income, he is likely relying on savings, and that once his savings run out, he is forced.to.stop accumulating bitcoin. As.a long-term investor (4–10 years) one needs cash flow to stay consistent, not just initial capital. If he doesn’t work on improving or stabilizing his income, his investment plan becomes fragile.

So while he can start without stable income, he should prioritize building one alongside investing. That’s what allows him to keep accumulating through time instead of stopping midway.

[Bright0515]

Having a stable income is better because it would help an Investor to have steady discretionary income.

I guess you don't know or you must have forgotten that there are so many people from different regions that doesn't have a stable source of income but still they are still surviving (no matter the challenges) and because they know the importance of securing their future goals, so they endeavor to invest with the little amount of money they have.
One important thing you must know about Bitcoin investment is that if you try to wait until you have a stable income there's a very high chance that you might wait for ever. So it's better to start small so that you will learn how to be discipline with time and also develop the habit of investment.
To tell you the truth, the bold part of your comment seems to encourage the beginners to wait until they have multiple sources of income before they should invest, but it's wrong because you/they don't know when they will have multiple sources of income and it will eventually waste their time and they might end up not having interest in Bitcoin investment in the future or they might regret later as they didn't start early. So what I'm trying to say here is that the hd part of your comment is wrong, because what's needed to start accumulating Bitcoin is just your discretionary income (no matter how little the amount may be).

Without a stable income an investor would find it difficult to secure discretionary income to buy bitcoin at regular basis.

That is because you actually believe that a stable income is the only important thing on Bitcoin investment. Meanwhile it's not a must if you don't have a stable income, just like I have said earlier, what's need is just your discretionary income, no matter how little it is, you can but Bitcoin with it consistently and with time you can create more opportunities to generate money through other means, either side hustle such as business or pertime/full-time job.
You only say this because you didn't give a second thought about starting Bitcoin investment gradually. Because if you do, you will understand rhat for the fact Bitcoin investment is flexible (mostly when you use DCA strategy) anyone can invest either weekly, occasionally or whenever there's a discretionary income. I guess you might not understand this but honestly, many investors without a stable income probably have more discipline than some of those with a lot of money. From my own perspectives, some people with a very good and multiple source of income don't have the mindset of investment, but those with small source of income (but had discipline and common sense) will want secure his or her future.

[Saltysugar99]

It is better to have stable income rather than not having stable income, even though having stable income is not a prerequisite for getting started buying up bitcoin and even buying bitcoin on a regular basis.
At the same time, it does not seem very likely or easy for anyone to really sustain buying bitcoin for extended periods or even to have an investment timeline that is 4-10 years or longer if he is not figuring out ways to try to either get regular income or perhaps to get high income when he is working - otherwise he may well be investing from his savings (ie reserve funds), which may well end up running out if income does not come in on a regular enough basis to buttress up whatever funds the guy had been using to buy bitcoin.

This is the real issue for investors because it is better to have stable income rather than not having stable income, In fact, by stable income we mean something that remains unchanged or fixed over time and what is found regularly is stable. But volatile income can change over time and there is no guarantee that it will even be earned so through this difference, maybe everyone will understand which Bitcoin is important for investing or which is important for living. Coming here and from my experience, from what I understand, people can easily arrange basic living needs and investable money from a stable income. However this stable income may not be a prerequisite to start investing, but it is necessary to maintain the investment in the long term and extend it for at least 4-10 years.

The difference between stable income and volatile income is not same like that the income is less or more. Stable income is the type of income that will be such as a job or a business that has a long-term stability. And stable income can be volatile. If the stable income is from a business, then it can be less or more in some months. If discretionary income is generated and the discretionary fund is more or less, then you can invest in Bitcoin according to that money. However, it is true that if you have regular income, it is easier and more convenient to DCA in Bitcoin DCA. However, if the income is irregular and the amount of income and time is volatile, you can also continue to invest in Bitcoin. I think JJG sir meant that if you have regular income than irregular income, it is more convenient to do Bitcoin DCA for long time.

[BluebloodCXVI]

This is the real issue for investors because it is better to have stable income rather than not having stable income, In fact, by stable income we mean something that remains unchanged or fixed over time and what is found regularly is stable. But volatile income can change over time and there is no guarantee that it will even be earned so through this difference, maybe everyone will understand which Bitcoin is important for investing or which is important for living. Coming here and from my experience, from what I understand, people can easily arrange basic living needs and investable money from a stable income. However this stable income may not be a prerequisite to start investing, but it is necessary to maintain the investment in the long term and extend it for at least 4-10 years.

It’s not compulsory that you must have a stable income before you can start to invest, but it definitely makes things a lot easier in the long run if you do have it because when money comes in consistently, it’s simpler to handle your basic needs and still set something aside for investing without feeling squeezed. That consistency is what helps people stay in the game during Bitcoin’s ups and downs, instead of quitting or panic-selling when things get rough.
Now, if someone doesn’t have a stable income, they can still invest certainly, but it’s require more discipline and a stronger safety net so they don’t end up forced to pull out at the worst time.
At the end of the day, it’s not about who can invest. It’s about who can stay invested without life pressure forcing their hand.

Alot of people don't understand the difference between having a stable source of income and having a source of income,  and I think there is also s downplay on the meaning of the word stable,  an income can be stable but not steady and steady and not stable in the sense that a steady income comes in at a regular interval and a stable income comes at a fixed price.
Your income doesn't have to be steady or even stable for you to be able to accumulate bitcoin as long as your can generate discretionary income from it to accumulate bitcoin with.
The more people keep dwelling on having a stable or/and steady source of income the more they will be unlikely to start accumulating bitcoin,  what they should instead be focused on is getting discretionary income out of their income.

I get what you’re trying to say, but the way you’re differentiating stable and steady income from each other isn’t really accurate. Steady income usually just means income that comes in regularly, while stable income is more about how reliable that income is over time, so it’s not a fixed price vs timing kind of thing.
But beyond the definitions, the main point still stands, people over-focus on having the perfect type of income before they start investing, when what really matters is discretionary income. If, after covering your basic needs, you can consistently set something aside, then you’re good to start accumulating Bitcoin. So instead of waiting for the right income type, the focus should be on managing whatever you earn in a way that leaves room for consistent investing.

[samadam007]

It is better to have stable income rather than not having stable income, even though having stable income is not a prerequisite for getting started buying up bitcoin and even buying bitcoin on a regular basis.
At the same time, it does not seem very likely or easy for anyone to really sustain buying bitcoin for extended periods or even to have an investment timeline that is 4-10 years or longer if he is not figuring out ways to try to either get regular income or perhaps to get high income when he is working - otherwise he may well be investing from his savings (ie reserve funds), which may well end up running out if income does not come in on a regular enough basis to buttress up whatever funds the guy had been using to buy bitcoin.

Having a stable income is better because it would help an Investor to have steady discretionary income . Without a stable income an investor would find it difficult to secure discretionary income to buy bitcoin at regular basis. However an investor can get started without having a stable income but it is better he has one because it would help him figure out discretionary income consistently over the next 4-10 years or more.  investors without a stable income mustn't invest if they don't have discretionary income,they should wait until their next income arrives so that they can figure out discretionary income from there.

i largely agree with your ideas, but then again i think that its not just all about having a stable income that matters, what matters most is having the right financial management skills to be able to manage this income properly so as to be able to figure out a discretionary income at the end of the day for bitcoin investment. an individual having a stable income is not a guarantee that he will have a steady discretionary income to buy bitcoin if he does not have good financial management skills. even if the income is not stable, but with a proper financial management skill one can still be able to figure out a discretionary income to use for bitcoin investment either weekly or monthly dca settings or sometimes based on how the income comes.

I believe stable income is the real foundation.
Even if you manage money very well, it will still be hard to save and invest when your income is not steady. Bills like rent, food, utility and transport can’t wait. So most of the money gets used up, and very little is left for Bitcoin.
You can try to squeeze out small amounts, but buying little irregular amounts of Bitcoin usually doesn’t amount to much over time. It also becomes stressful when Bitcoin price drops.
Most people who have successfully built up their Bitcoin through DCA are people with stable income.

Discipline is good, but it works better when the income is stable.

[The Founding Titan]

The only real problem is when someone starts trying to time the dip.

I guess it's all part of the flexibility of the investment, there are different ways to time the dip and we can execute it perfectly without it being a problem too. You can grow the power of your discretionary income and also keep some reserve funds from it for the purpose of going aggressively and buying the dip when the opportunity presents itself and of course you can still be buying regularly with your DCA method and it won't be a problem to you. But if you are the type that would want to wait on the market to dip or plan on saving lots of money without starting the investment at the go just for the reason that you want to buy when the price is low then that's a different thing and mentality all together because there is absolutely no guarantee on when the price is going to dip and if you as an investor is doing this then you are already having a trader mentality of which will be off no good to you. Bitcoin investment should start immediately once you have your discretionary income available, wasting of time and procrastinating only prolongs and delays the time at which you would have gathered enough if you had started with the means of funds.

You are still not timing any dip because you don't know if its going to happen, instead you are just hoping for a dip to happen.
I don't disagree with your idea though but I want to phrase it in a way that will make it easier for some other people to follow/understand, say a person who invest with the DCA weekly with an average of $50 every week and they get hands on $2000 worth of discretionary income, they can split it 4 ways, $500 for lump sum, $500 for buying the DIP, $500 for DCAing for 5 weeks at $100 per week and the last $500 for their discretionary spendings, the $500 for lump sum has already been done, somewhere within the 5 weeks for DCAing a DIP happens and they use the $500 for buying the DIP and they do just that while still DCAing with whats meant for that, but if after that 5 weeks no DIP comes their way the best thing to do is to start buying bitcoin with that $500 using the DCA instead of waiting for a DIP that might no happen, seems like the smart move to me.

Alot of people don't understand the difference between having a stable source of income and having a source of income,  and I think there is also s downplay on the meaning of the word stable,  an income can be stable but not steady and steady and not stable in the sense that a steady income comes in at a regular interval and a stable income comes at a fixed price.
Your income doesn't have to be steady or even stable for you to be able to accumulate bitcoin as long as your can generate discretionary income from it to accumulate bitcoin with.
The more people keep dwelling on having a stable or/and steady source of income the more they will be unlikely to start accumulating bitcoin,  what they should instead be focused on is getting discretionary income out of their income.

I get what you’re trying to say, but the way you’re differentiating stable and steady income from each other isn’t really accurate. Steady income usually just means income that comes in regularly, while stable income is more about how reliable that income is over time, so it’s not a fixed price vs timing kind of thing.

Fair enough, I'm not going to argue with that, what I gave was just my opinion.

[Gost ms]

He is right that stable income is not required to start, but it becomes very important for sustainability. Without consistent income, he is likely relying on savings, and that once his savings run out, he is forced.to.stop accumulating bitcoin. As.a long-term investor (4–10 years) one needs cash flow to stay consistent, not just initial capital. If he doesn’t work on improving or stabilizing his income, his investment plan becomes fragile.

So while he can start without stable income, he should prioritize building one alongside investing. That’s what allows him to keep accumulating through time instead of stopping midway.

To continue investing in Bitcoin, we need to have proper financial management. If a person's income is stable and if he cannot manage his financial situation properly, he will never find discretionary income and will not be able to continue investing in the long term. If a person with a volatile income has the ability to manage his finances properly and if he is able to find discretionary income, he will easily be able to invest in the long term and will also be able to continue consistently.

It is wrong to think that we need a stable income to continue investing in the long term. Yes, having a stable income is good, but it does not mean that he will be able to continue investing. It is very important for every person to manage his financial situation properly.

[Moreno233]

I believe stable income is the real foundation.
Even if you manage money very well, it will still be hard to save and invest when your income is not steady. Bills like rent, food, utility and transport can’t wait. So most of the money gets used up, and very little is left for Bitcoin.
You can try to squeeze out small amounts, but buying little irregular amounts of Bitcoin usually doesn’t amount to much over time. It also becomes stressful when Bitcoin price drops.
Most people who have successfully built up their Bitcoin through DCA are people with stable income.

Discipline is good, but it works better when the income is stable.

Your statement will discourage people who are not earning stable income from thinking towards investing in Bitcoin so it is very wrong. Stable income is not the foundation to investing in Bitcoin, because even people with irregular income can invest in Bitcoin. Lets say someone is a contractor who does not know when he will win bid for a contract and how often he will win, this person can still invest in Bitcoin. How he will do it is that, the moment he got his first major contract, he can decide to set aside his basic needs funds for three months, and he will be left with his discretionary income. What he can do is to adopt the DCA method with part of that discretionary income for three months while working very hard to get new contract. He can even extend this to six months and within that period, he can get a major contract again. He must nit be sure of when he will get the next contract before he can invest in Bitcoin, that will discourage him from taking his investment seriously.