JJG’s Outline of Bitcoin Investment Ideas

[Joeboy]

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.

You and Qhunman are saying the same thing, so it's either you didn't read what Qhunman wrote or you didn't understand what he said.... Sustaining your investment is very much different from starting which is just as you both stated...  To kickstart your investment, Discretionary income is majorly what is needed regardless of where it is being sourced from... But when it comes to sustaining your investment, you cannot effectively sustain it by depending on your savings or on an unstable income source... However, what is most important is that folks starts as soon as they have their discretionary income available and then as then figure ways in which they can stabilize or expand their income sources as they go... And they could very well achieve this by cutting down any kind of irrelevant expenses or by getting more sources of income...

[SmartCharpa]

Who will value Bitcoin, it is their personal decision. But a real investor's Bitcoin investment needs to be evaluated first compared to all other investments. Someone who believes in Bitcoin and continues to invest in Bitcoin will never refuse to invest in Bitcoin or will not hesitate to invest even if they have money. However, those who do not believe in Bitcoin and do not want to invest in Bitcoin will be better off not investing. Because the Bitcoin market is very volatile, it is not possible to predict what will happen in advance. So when it falls, they may panic and sell.

But you said that each person has a personal decision meaning that when someone panics and suddenly sells Bitcoin it is absolutely their right and we don't need to evaluate what that person does and we also don't need to prohibit others from investing in Bitcoin. Sometimes some people want to invest but with some people having this opinion of course this is a form of prohibition or a form of being wary of someone who sometimes has the intention of investing in Bitcoin and they also don't think about what happens with the fluctuating market price conditions as you said because they want to do it without the slightest doubt that they think especially regarding their panic it is clear that there is no because they have confidence in investing in Bitcoin.

Serious investments in a situation where, over the past few years, old coins that are 10 or even 15 years old have been selling on the market are pointless—it's even stupid. Over the years, owners of old wallets have been siphoning off all the liquidity, and that's not normal. Until the price of Bitcoin falls below $20,000, it's best to just wait.

It seems you don’t know where the price of bitcon is currently. Perhaps you think the price it’s still below $50k, otherwise I don’t think you would expect the market to fall below $20k as the best thing to wait for. Although anything can happen since everyone knows that the price is unpredictable, it is currently above $80k and nobody has control over it, we might still see it below this price, and that is normal thing to us. But for an investor to waiting for a dip below $20k, it’s like you think we are still four years back.

I believe people have different mentalities when investing in Bitcoin, but long term holders won’t be thinking  the market will go below $20k at this point, or assuming that waiting for the market to drop is the best move. If you are not using DCA, im sure you understand how it works. Using that strategy helps you avoid waiting for the right time, which might not happen.

[Mr_Brilliant$]

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.

Are you trying to discourage people without stable income from investing? because that is honestly how it’s sounding…

We all know that it’s obviously easier when income is stable.. but that doesn’t mean someone without a steady income can not invest in Bitcoin at all.. if they are able to carve out even small discretionary amounts from time to time, they can still participate…

it might not be as smooth or consistent as someone on a fixed income, but it’s still possible… the main thing is knowing your limits and not touching money meant for important expenses..

[Nightwatchmare]

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.

I agree stable income is the real foundation to Bitcoin investment because it helps an investor remain consistent in accumulating Bitcoin, but you should not underestimate the power of financial management because you can have a stable income but if you lack the power of financial management you will live extravagant lifestyle that will make you to end up without discretionary income to use to invest in Bitcoin. So as you are praying and hoping for stable income also learn how to manage your finance so that you will be able to figure out how to only spend on essential things in your life so that you will always be left with discretionary income you can depend on to invest in Bitcoin consistently.

[Father111]

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.

Are you trying to discourage people without stable income from investing? because that is honestly how it’s sounding…

We all know that it’s obviously easier when income is stable.. but that doesn’t mean someone without a steady income can not invest in Bitcoin at all.. if they are able to carve out even small discretionary amounts from time to time, they can still participate…

it might not be as smooth or consistent as someone on a fixed income, but it’s still possible… the main thing is knowing your limits and not touching money meant for important expenses..

No one says having a stable income is a bad idea but for the sake of having the feeling to invest in Bitcoin, note that one doesn't need to wait for a stable income before investing in Bitcoin, understand that so many investors that are rich through investing Bitcoin, is not all that started with stable income, some has to sell of their assets which they can buy back when they had reach their accumulated status.

[Silikiem]

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.
[/b]

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.

Don’t say that a stable income is the real foundation to bitcoin investment because such statements could be misleading especially the newbies to think they will first have to wait until they build or have a stable income before they can start accumulating and investing In bitcoin whereas they only need a discretionary income to get started with bitcoin investment. I’m not against having a stable income but it doesn’t mean that having a stable income is the real foundation of bitcoin investment as people without a stable income can still invest in bitcoin if they have available discretionary income to start with. So in this case what matters most is just a discretionary income and not a stable income as investors can still get started in buying and investing in bitcoin with just their discretionary income and along the line while they’re ongoing investing in bitcoin they can always try to improve their finances to keep them more stable in the game of accumulating bitcoin and hold for long term goals.

And I also want to put it to you that yes, if an investor is able to manage his money or income very well he can still be able to invest in bitcoin as contrary to your own opinion that even if one manages his money very well that it will still be hard for the individual to invest In bitcoin. If you truly understand what a good financial management skills is then you wouldn’t make such statement. The only situation I think it will be hard for an investor to invest in bitcoin is only if that particular income is not enough to sort out his basic financial needs, because most times our basic financial needs can exceed our income level thereby leaving us a choice not to accumulate bitcoin such moment. But in a situation where by the investors income is able to sort out his basic financial needs then such investor is capable of accumulating and investing in bitcoin no matter how little the discretionary income is he can still use it to accumulate bitcoin and hold gradually. So I believe that if an investor can manage his money very well and try to sort out his basic needs and not using them on irrelevant things then he can fully invest in bitcoin.

[JayJuanGee]

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.

And this is something that is mandatory in having a stable income even if it's a small or large amount. Clearly having a stable income will make it easier for someone to determine their needs even though it's not a primary requirement for starting or buying Bitcoin by accumulating Bitcoin weekly or monthly. Having a stable income will certainly give someone direction and goals in determining what to do with their personal needs or interests.

You must have trouble with reading comprehension since I did not say it is mandatory to have a stable income, even though I acknoweldge that there are benefits in having a stable income or lots of income.

Not everyone has a stable income, yet he still has to figure out how much bitcoin (if any?) he can buy based on whatever discretionary funds he has and perhaps also projecting his income and/or expenses into the future in order to figure out if his currently available discretionary funds are sufficient in order to buy bitcoin with some or all  of such discretionary funds (usually it would not be "all" since some money has to be kept available in case there are expenses that have to be paid prior to the next time receiving pay..

The primary goal for someone investing in Bitcoin long-term is to have a stable income.

Why are you perverting the idea stable income?  You must want your post to get deleted.

Individuals set their various goals, their level of aggressiveness and sometimes they can increase or decrease their income and/or expenses based on how they focus their time and energy.  Not everyone decides or prioritizes the same, even if they might tell you that they have goals to accumulate bitcoin every week for the next 4-10 years or longer.

This is one way to maintain their existing Bitcoin investment eliminating the need to worry about selling. Having a stable income serves as a buffer during difficult times.

Sure.  Income helps. Controlling expenses helps.  Maintaining a cash cushion helps.  Setting reasonable priorities help.  Ongoingly buying bitcoin likely helps.

Therefore when in need this income should not immediately sell what they already have but rather a way to hold on to their existing holdings. Therefore investing in Bitcoin for a long period of time requires a stable income even if they don't make any further purchases. I believe having a stable income is a key factor in saving their existing Bitcoin from selling.

Even people who start out investing in bitcoin with stable income may well some times get themselves in situations in which their income is not stable, and surely they have to deal with such situations.  Sometimes they might purposefully put themselves in such a situation, and other times, they might have circumstances in their life cause them to have periods of unstable income (or even loss of income and/or increases in expenses).

This indicates that a stable weekly or monthly income will make it easier for someone to preserve their long-term investment which has been invested for 4-8 years. This is not a short period but a considerable amount of time.

4-8 years is not long term.  Perhaps 10 years or more is long term... and yeah, perhaps all of our lives is a long time too, if we are lucky enough to live a long life after the time that we start to invest in bitcoin, which is also a bit of an unknown, even though some folks are younger than others and some folks enjoy better health (perhaps even genetics?) than others - even though health comes from a variety of factors.

[edited out]

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.

I doubt that guys are quibbling so much about the meaning of stable, even though we have had some guys wrongly proclaiming that a stable income is a required to buy bitcoin, which it is not.

There are also quibbles in regards to whether a stable income might or might not be sufficient in order to buy bitcoin, since in order to buy bitcoin, there would need to be extra income after paying for basic expenses, and perhaps even some expectation that some future income (or funds) would be available to pay for future expenses..

We can probably presume that there is quite a bit of variance in how steady the income and/or expenses of guys are and even how much confidence that they might have in regards to their future income/expenses, including how much back up funds that they might have had saved up in order for them to attempt to account for uncertainties in their future income/expenses.

When we start to invest in bitcoin and even if we have ongoing bitcoin accumulation, it would seem prudent to try to both increase our bitcoin stash and also to create and/or shore up any back up funds that we have in order that out bitcoin stash does not become vulnerable to being tapped into at a time that is not of our convenience.. and so if we are trying to build our financial situation, we likely are aiming to try to make sure that we are engaged in practices to ongoingly improve our bitcoin investment and the strength of our cashflow management.

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.

Some people may well come to bitcoin (or first hear about bitcoin), and they are able to start buying bitcoin right away based on their assessment of their discretionary income situation and also their assessment of their abilities to pay future expenses, and some guys will have more confidence than others in regards to their future abilities to pay for their expenses and to continue to invest in bitcoin, after they might have had already started buying some bitcoin.

[Alonso_]

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.

Having a stable source of income doesn't guarantee you of investing in bitcoin, because that isn’t the ultimate source that you will require to start investing in bitcoin, what you need to start buying and investing in bitcoin is a discretionary income, like you have said either one way or that other all you have to do is stay positive with buying and investing in bitcoin because it gives a better chance and opportunity of buying when you have a discretionary income, which is why is just better to keep buying bitcoin consistently.

There should be no form of discouragement because you don’t have a stable source of income, which I believe isn’t the ultimate when buying and investing in bitcoin.

[Mandoy]

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.

Are you trying to discourage people without stable income from investing? because that is honestly how it’s sounding…

We all know that it’s obviously easier when income is stable.. but that doesn’t mean someone without a steady income can not invest in Bitcoin at all.. if they are able to carve out even small discretionary amounts from time to time, they can still participate…

it might not be as smooth or consistent as someone on a fixed income, but it’s still possible… the main thing is knowing your limits and not touching money meant for important expenses..

No one says having a stable income is a bad idea but for the sake of having the feeling to invest in Bitcoin, note that one doesn't need to wait for a stable income before investing in Bitcoin, understand that so many investors that are rich through investing Bitcoin, is not all that started with stable income, some has to sell of their assets which they can buy back when they had reach their accumulated status.

Both of you made good points to me. A consistent income is certainly much easier to make DCA and long-term Bitcoin investing. as it allows the individual to make frequent investments without impacting significant costs. However. the flip side of that is that waiting for the perfect financial condition before taking the leap can also cause individuals to miss opportunities.

Many early investors in bitcoin didn't have high paying jobs or a lot of money. Others began extremely lean and developed discipline with the years. Risk management is the key Always invest money that is required for rent. food or family responsibilities. The small amounts of money may add up to a considerable sum in the long-term with the help of perseverance and patience.

[Tonimez]

[Edited out]

I agree stable income is the real foundation to Bitcoin investment because it helps an investor remain consistent in accumulating Bitcoin,

Having a stable source of income is not the first thing to do before one can be able to invest in bitcoin, so I do not agree with you when you said that having a stable source of income is the foundation to owning bitcoin. Bitcoin accumulation starts from the moment a person figure out his Discretionary income even when he does not have a stable source of income. There are some people who don't have any stable work but the receive money intermittently with which they can also figure out their discretionary income and also buy their bitcoin. Do you know that anyone can own bitcoin as long as you are able to take care of your responsibilities and also survive even among students under their parents. This is because someone that receives a maintenance package from his parents monthly or weekly or otherwise can also choose to invest in bitcoin (not aggressively nor competitively) after he figures out the amount left for him after taking care of his basic needs.

A contract worker has no stable source of income because he doesn't not know when next he would see a contract work to deliver. This does not stop him from owning bitcoin too because whenever he gets paid, he can figure out his Discretionary income and invest with it.

Most people have spent all their days procrastinating about buying bitcoin and in most cases, such folks have ended up not buying bitcoin because they are waiting to own a stable source of income before they can be able to start buying bitcoin. Let me state it clearly that the only (major) benefits of owning a stable source of income is in consistency: setting up your DCA date and amount. However, bitcoin accumulation must not be by DCA approach especially when you do not have a stable source of income. You can be buying bitcoin whenever you have an available discretionary income which is what matters more than insisting on waiting to have a stable source of income which is why you cannot refer to stable source of income as the foundation to owning bitcoin. For me the real foundation to owning bitcoin is having a Discretionary income.

but you should not underestimate the power of financial management because you can have a stable income but if you lack the power of financial management you will live extravagant lifestyle that will make you to end up without discretionary income to use to invest in Bitcoin. So as you are praying and hoping for stable income also learn how to manage your finance so that you will be able to figure out how to only spend on essential things in your life so that you will always be left with discretionary income you can depend on to invest in Bitcoin consistently.

Financial management is a necessary sustenance step in bitcoin investment because it is only when you are very financially wise that you would guide your finances carefully in order not to go into financial stress that could lure you into selling off your bitcoin prematurely. The success of your Long-term plan depends largely on how careful you are with money management because as an extravagant person, you will find it very difficult to manage your income no matter how much you earn.

Cashflow management is a very important aspect of every bitcoin enthusiast because you have to consciously protect your bitcoin by making provision for your emergency funds and backup funds which will serve as a cushion to your bitcoin against every unforeseen circumstances and effective of inflation which could make life difficult for you as a bitcoin investor. You must be determined to live within your financial situation and spend more on relevant things in other not to go bankrupt before your next payday. Even human is supposed to be able to know his 'needs and wants' and spend mostly on his needs if you must succeed in the future. If you are not able to decide your needs and wants, you may end up wasting all your money no matter the amount you earn and you will not also be able to own bitcoin and even when you buy bitcoin, you may easily sell it off because you are living above your means.

[PERtua]

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.

I believe a huge part of what JJG said in his outline is consistency is more important than trying to beat the market. DCA is effective, because it eliminates emotions and market timing. In the meantime, there is always the danger of missing the opportunities while Bitcoin keeps climbing up as an investor keeps awaits for the “perfect dip”. Meanwhile, discretionary income is the main factor involved. No one can sustain a regular investing program without some regular cash flow. The most important factors are taking a conservative buys on-sale approach based on your means and holding on to them for many years. and not getting caught up in trying to time the price movements too short term.

[B-BossMan]

.

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.

Some people may well come to bitcoin (or first hear about bitcoin), and they are able to start buying bitcoin right away based on their assessment of their discretionary income situation and also their assessment of their abilities to pay future expenses, and some guys will have more confidence than others in regards to their future abilities to pay for their expenses and to continue to invest in bitcoin, after they might have had already started buying some bitcoin.

It's true that some folks actually approaches bitcoin investment in different way depending on how financially secured they feel ro some extent, when some folks truly discover about bitcoin investment, assess thier discretionary income and also look at thier current situation or responsibility on them and uses thier common sense to decide they are comfortable enough to begin thier buying bitcoin immediately. While others may actually start investing steadily but with a very more of cautions mindset,because they are actually feels uncertain about future expenses or looking at thier income stability. The facts is, confidence truly plays a bigger role in long-term bitcoin investment or accumulation.

Moreover, the difference is not actually a about who truly has the extra money now, but it's all about who feel more secured enough ro start stacking bitcoin consistently, without being forced by anything to sell during thier difficult times, that's why I like when someone or some folks with stable income who can be more manageable on thier expenses will definitely feel more comfortable investing aggressively. While others own maybe differ. But the most important thing in bitcoin investment is understanding your financial situation first, then also investing  within your limits or an affordable rage and build a Bitcoin strategy you feel more sustainable and comfortably over time than putting themselves under unnecessary financial pressures.

[Saltysugar99]

No one says having a stable income is a bad idea but for the sake of having the feeling to invest in Bitcoin, note that one doesn't need to wait for a stable income before investing in Bitcoin, understand that so many investors that are rich through investing Bitcoin, is not all that started with stable income, some has to sell of their assets which they can buy back when they had reach their accumulated status.

Actually, you don't understand what stable income is. You are giving your own opinion without having any idea about it. There is no point in spreading confusion by talking in randomly . I think you are confusing stable income and irregular income.

First of all, to invest in Bitcoin, you must have income. After spending, you must have extra money with which you can buy Bitcoin. Now, if someone's income is not stable, it means that the income is today, he has no job tomorrow, no business, there is no guarantee when the next income will come, then how will he manage his expenses? The possibility of having extra money outside his expenses is low. In this case, how will he invest in Bitcoin? He has no ability, and even if he invests in some way, I don't think he will be able to hold it for a long time. And I don't believe that anyone has been successful without stable income. Most people suffer losses because they do not have proper fund management and proper knowledge about cash flow.

But if he has irregular income, he can invest in Bitcoin. Irregular income means that his income comes in different amounts at different times. Maybe he does business or works on a project where he gets payment after 2, 5, 6 months. Or his income  is varies.  he can easily calculating his estimated expenses until he gets the next income and with additional discretionary funds invest in Bitcoin . So first you have to understand what regular income, irregular income, discretionary income and stable or unstable income are. Then when you start investing in real life, everything will be easier to know. Then without trying to know this kind of things , you will easily understand everything from your own real experience.

[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.

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.

NO, i disagree with you, a stable income isnt the real foundation but rather being able to figure out a discretionary income is the real deal.

dont get me wrong with my quote, i didnt say a stable income is not good as all i was only trying to say is that a stable income without a proper financial management skill will be hard for an investor to figure out a discretionary income which is the real foundation in bitcoin investment.

even if the income left with you is very little especially after you might have finished sorting out your mandatory or basic needs, you can still use it to accumulate bitcoin and hold, you must not have a huge amount of cash before you can invest in bitcoin as what you need is a discretionary income. so no matter how little the remaining incom is, you can still use it to invest in bitcoin gradually, what matters most is your ability to stay consistent even in the midst of those little buying, consistency isnt just all about having a stable income but more of your will and zeal to strive to continue and keep going even in the midst of unstable income.

not only people with a stable income can successfully built bitcoin investment as there are also many folks without a stable income who are successful bitcoin investors. personally i dont have a stable income but as things may have it i am not doing bad with my bitcoin investment.

[alankasman]

I believe a huge part of what JJG said in his outline is consistency is more important than trying to beat the market. DCA is effective, because it eliminates emotions and market timing. In the meantime, there is always the danger of missing the opportunities while Bitcoin keeps climbing up as an investor keeps awaits for the “perfect dip”. Meanwhile, discretionary income is the main factor involved. No one can sustain a regular investing program without some regular cash flow. The most important factors are taking a conservative buys on-sale approach based on your means and holding on to them for many years. and not getting caught up in trying to time the price movements too short term.

Indeed currently mistakes are often made by someone in doing DCA because they wait more often than doing it continuously especially now for example prices continue to fluctuate which makes some people who postpone doing it at that time of course now they think more about it because the current market price is above $ 80 meaning that if yesterday they were able to buy a smaller amount of course now the amount is slightly reduced if they do it so waiting for the right time is very wrong even though sometimes the investor's goal is to wait for a perfect price drop but when there has been an increase in prices they have to lose the opportunity to do DCA and are forced to wait again and that is if there is a price drop if otherwise what for them should they wait again until the market price is as they want?

[junder]

I’m not really sure what you meant by strike but if your financial situation becomes unstable then there is nothing wrong with pausing your investments until your income becomes steady again. It’s better to focus on handling your important expenses first and only invest when you have some discretionary income left. The main thing is to avoid putting yourself under pressure just to stay consistent. If your current income is not enough to keep investing comfortably then you can simply wait until your financial situation improves. During that period you can also focus on finding other ways to increase your income before continuing your investment.

Also it is not mandatory to invest a fixed amount every time. You can invest any amount you can afford at that moment even if it’s small. What matters most is staying consistent because consistency is the key in long term investing.

By “taking a break,” I mean stopping for a while the idea is to try to avoid it, but if the situation becomes very difficult taking a temporary break is fine. I agree with what you said: we can look for ways to increase our own income when our finances start to become unstable.
With DCA, the amount is already set and done consistently but if finances are unstable it’s okay to reduce the amount so it’s different from before.

[The Founding Titan]

I’m not really sure what you meant by strike but if your financial situation becomes unstable then there is nothing wrong with pausing your investments until your income becomes steady again. It’s better to focus on handling your important expenses first and only invest when you have some discretionary income left. The main thing is to avoid putting yourself under pressure just to stay consistent. If your current income is not enough to keep investing comfortably then you can simply wait until your financial situation improves. During that period you can also focus on finding other ways to increase your income before continuing your investment.

Also it is not mandatory to invest a fixed amount every time. You can invest any amount you can afford at that moment even if it’s small. What matters most is staying consistent because consistency is the key in long term investing.

By “taking a break,” I mean stopping for a while the idea is to try to avoid it, but if the situation becomes very difficult taking a temporary break is fine. I agree with what you said: we can look for ways to increase our own income when our finances start to become unstable.
With DCA, the amount is already set and done consistently but if finances are unstable it’s okay to reduce the amount so it’s different from before.

I disagree, even with the DCA the amount isn't fixed but is rather very flexible, it entirely depends on how much discretionary income you have,  if you start considering it as fixed and your discretionary income isn't able to cover that fixed amount then most people will just look for the money elsewhere to ensure that their investment amount remains fixed,  you mentioned that its okay to reduce the amount if your discretionary income isn't able to cover it but what that simply means is that the amount your invest with using the DCA isn't fixed, it's entrely up to you and how much discretionary income you have available to you.
If people start considering the amount they DCA with to be fixed it can lead to alot of wrong decisions along the way as they invest, best to clear that idea from people's heads.

[edited out]

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.

I doubt that guys are quibbling so much about the meaning of stable, even though we have had some guys wrongly proclaiming that a stable income is a required to buy bitcoin, which it is not.

There are also quibbles in regards to whether a stable income might or might not be sufficient in order to buy bitcoin, since in order to buy bitcoin, there would need to be extra income after paying for basic expenses, and perhaps even some expectation that some future income (or funds) would be available to pay for future expenses..

We can probably presume that there is quite a bit of variance in how steady the income and/or expenses of guys are and even how much confidence that they might have in regards to their future income/expenses, including how much back up funds that they might have had saved up in order for them to attempt to account for uncertainties in their future income/expenses.

When we start to invest in bitcoin and even if we have ongoing bitcoin accumulation, it would seem prudent to try to both increase our bitcoin stash and also to create and/or shore up any back up funds that we have in order that out bitcoin stash does not become vulnerable to being tapped into at a time that is not of our convenience.. and so if we are trying to build our financial situation, we likely are aiming to try to make sure that we are engaged in practices to ongoingly improve our bitcoin investment and the strength of our cashflow management.

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.

Some people may well come to bitcoin (or first hear about bitcoin), and they are able to start buying bitcoin right away based on their assessment of their discretionary income situation and also their assessment of their abilities to pay future expenses, and some guys will have more confidence than others in regards to their future abilities to pay for their expenses and to continue to invest in bitcoin, after they might have had already started buying some bitcoin.

So as long as they can figure out their discretionary income they can start investing in bitcoin, also in order to set up their backup funds they also need their discretionary income so stable or not as long as they are getting discretionary income out of it they can start or continue accumulating bitcoin, if they are delaying their investment over the idea that their income isn't stable then they might have to change career choices in order to change how their income comes in, at the end of the day its just better for them to focus on their discretionary income than on how regular their income comes in and how steady it is overall.
The faster a person can figure out their discretionary income the faster they can start investing, if they can determine a good amount of what's going to be discretionary by accessing their expenses before they even pay for them then they will be in a better place to start accumulate even quicker.

[Zackz5000]

I’m not really sure what you meant by strike but if your financial situation becomes unstable then there is nothing wrong with pausing your investments until your income becomes steady again. It’s better to focus on handling your important expenses first and only invest when you have some discretionary income left. The main thing is to avoid putting yourself under pressure just to stay consistent. If your current income is not enough to keep investing comfortably then you can simply wait until your financial situation improves. During that period you can also focus on finding other ways to increase your income before continuing your investment.

Also it is not mandatory to invest a fixed amount every time. You can invest any amount you can afford at that moment even if it’s small. What matters most is staying consistent because consistency is the key in long term investing.

By “taking a break,” I mean stopping for a while the idea is to try to avoid it, but if the situation becomes very difficult taking a temporary break is fine. I agree with what you said: we can look for ways to increase our own income when our finances start to become unstable.
With DCA, the amount is already set and done consistently but if finances are unstable it’s okay to reduce the amount so it’s different from before.

It's better to take some break or pause a bit from accumulating Bitcoin if there is no discretionary income available and be holding on the one been accumulated rather selling your Bitcoin.

It's good to hodl Bitcoin i wouldn't like to be a no-coiner instead i will be holding my accumulated Bitcoin and continue to increase my stack when there is a discretionary income.

At the time of taking break you can be working on increasing your income so you can have some other income to start accumulating Bitcoin again to able to hodl Bitcoin for longer above 4-10.

[Tongley]

By “taking a break,” I mean stopping for a while the idea is to try to avoid it, but if the situation becomes very difficult taking a temporary break is fine. I agree with what you said: we can look for ways to increase our own income when our finances start to become unstable.
With DCA, the amount is already set and done consistently but if finances are unstable it’s okay to reduce the amount so it’s different from before.

In using the DCA method, we do not have to determine an amount in advance, you can invest from the amount of discretionary income that you find after a certain period of time. If it is $ 100 in one month and $ 10 in another month, you can also invest. Basically, we can use any amount of money for investment for a certain period of time. What we need to do when investing through the DCA method. For example:

• Continue to purchase after a certain period of time
• Continue to purchase through discretionary income or continue to purchase according to ability
• Hold it for the long term
• Etc.

In particular, it is seen that there are some additional expenses in many months, such as children's examination fees. In the month in which the fee has to be paid, we may spend some more money in that month and we may get a little less discretionary income, we can invest with the amount of discretionary income that we get during that time, there seems to be no problem.

[riscohen4]

I believe a huge part of what JJG said in his outline is consistency is more important than trying to beat the market. DCA is effective, because it eliminates emotions and market timing. In the meantime, there is always the danger of missing the opportunities while Bitcoin keeps climbing up as an investor keeps awaits for the “perfect dip”. Meanwhile, discretionary income is the main factor involved. No one can sustain a regular investing program without some regular cash flow. The most important factors are taking a conservative buys on-sale approach based on your means and holding on to them for many years. and not getting caught up in trying to time the price movements too short term.

The thing is, I don’t know why so many people spend too much time trying to outsmart the market or be waiting for that best entry, but later end up watching Bitcoin go higher without them. To be honest, DCA just makes sense for most people, it removes those emotions Ann’s guessing.
And fr, consistency does more than trying to catch every dip perfectly. Even that small buys done regularly can grow into something meaningful after some years, especially when you stay patient and don’t panic react to those short term price movements.
Meanwhile discretionary income is the real backbone of it all. You don’t need to force huge investments, just steady accumulation based on what you can comfortably afford or you will end up going back to ur stack.