JJG’s Outline of Bitcoin Investment Ideas

[Sammysmart001]

Once a guy figures out his discretionary income after he has deducted his expenses from his income, then he has an ability to decide how much he is going to 1) invest, 2) save and/or 3) discretionarily spend.  Those three categories of choices regarding how to use discretionary funds are equal, and guys make choices regarding which ones that they choose to prioritize or to deprioritize.

@JJG always making sense always, the very part which i love it the savings, invest and spend part it all equal choices after expenses. Allot of do have this feeling that we most save first before we can invest, but the truth here is that it a personal self choice.  

Abd aslo talking about DCA i agree with you that it not a King, but I would say it a king for people like me that don’t really have the time to keep up consistently in wachting chart. Because it requires consistency and timing

But my Question is this
In a situation we’re by this user income it not that stably coming, should we say a monthly DCA will work better or like you made mention buy when money is available will works more better?

[Joeboy]

~snip~

How sure are you that a person without income can invest perfectly well than those that has a source of income? You seems to have forgotten that it is through your  income that you would figure out your discretionary income that's after you must have pay for your basic necessities. So without a source of income there's no way you can invest in Bitcoin talk more of to do it perfectly.

 when you don't have a source of income any money that comes in, perhaps from Side hustle or from your family members will be used to pay for your basic necessities, you barely see someone that does not have a source of income thinking about investment of any kind. Their focus is always centered on how they can sort Thier basic necessities. So there's no way I would agree with you  when you said that a person without a source of income can invest perfectly well than someone that has a source of income, even though surely they will manage to invest but Thier accumulation journey can never move perfectly than Those that has a source of income.

Tbh, I doubt if you yourself really understand what discretionary mean coz if you do, then you would know that discretionary income can come from a whole lot of source, rather than only your source of income.. Discretionary could come from long time savings, or even pension or pocket money, side hustle, bonuses, investment return, I mean literally a whole lot of other sources to get discretionary income from... And as far as it is your discretionary income, it dosen't really matter where it comes from because you could definitely invest in Bitcoin using it...

[Tonimez]

~snip~

How sure are you that a person without income can invest perfectly well than those that has a source of income? You seems to have forgotten that it is through your  income that you would figure out your discretionary income that's after you must have pay for your basic necessities. So without a source of income there's no way you can invest in Bitcoin talk more of to do it perfectly.

 when you don't have a source of income any money that comes in, perhaps from Side hustle or from your family members will be used to pay for your basic necessities, you barely see someone that does not have a source of income thinking about investment of any kind. Their focus is always centered on how they can sort Thier basic necessities. So there's no way I would agree with you  when you said that a person without a source of income can invest perfectly well than someone that has a source of income, even though surely they will manage to invest but Thier accumulation journey can never move perfectly than Those that has a source of income.

Tbh, I doubt if you yourself really understand what discretionary mean coz if you do, then you would know that discretionary income can come from a whole lot of source, rather than only your source of income.. Discretionary could come from long time savings, or even pension or pocket money, side hustle, bonuses, investment return, I mean literally a whole lot of other sources to get discretionary income from... And as far as it is your discretionary income, it dosen't really matter where it comes from because you could definitely invest in Bitcoin using it...

If you read @ejikeme well you will understand his point, it doesn't seem like he's denying the fact that who doesn't have a job can also invest in bitcoin, he's talking about the ability to do it well, perhaps consistently. The truth is that anybody can invest in bitcoin but not everyone can be consistent with bitcoin accumulation. A person who invests in bitcoin from his savings over time or a person who invests in bitcoin from gifts he has received or kinda can figure out his Discretionary income at the beginning but may not be able to envisage when next he would be buying bitcoin again because he is not sure of when next he would be having a Discretionary income.

Investing in bitcoin consistently is peculiar to people who owns a stable source of income even though anyone can also have an initial bitcoin accumulation but not everyone can set a DCA approach for his bitcoin accumulation. A person who receives upkeep from his parents can also invest in bitcoin nearly consistently because he knows he would receive his upkeep regularly within some timeframe, hence we can say that his upkeeps becomes his source of income with which he can always figure out his Discretionary income to invest.

Even if you go into bitcoin investment when you do not have a stable source of income, it is very important to seek to own a stable source of income afterwards in order to maintain your bitcoin accumulation and also remain financially stress-free in order to focus and buy more bitcoin too. A person who do not have a source of income may not have a very set time when he targets to achieve a particular accumulation target, but who owns a stable source of income no matter how little can also set a goal and achieve it almost seamlessly. So it's important to understand @ejikeme's stand because I'm sure he isn't denying the ability of a jobless person to own a bitcoin, he's only doubting the ability to do it consistently as a jobless beginner.

[ZeroVinsonN]

Snip.

There is nothing wrong with putting in big with the DCA as long as your discretionary income can afford it, people with bigger discretionary can invest an amount that can be considered as lump sum by others with the DCA, the amount of range the DCA has is what makes it the best bitcoin investment strategy among the different bitcoin investment strategies been and that's also why people like using it, it can include different investors with different discretionary budgets.

That's what makes DCA the king of strategies in Bitcoin. DCA is a very democratic strategy, there is no minimum amount for investors. Students can apply the DCA strategy of $20 per week, employees $100 per month and company bosses $1000 per month, different amounts are acceptable to apply depending on the financial capacity that is ready to be invested. The most important thing is to stick to the same rules, invest regularly and don't guess market prices, the only difference is the size of the numbers.

What is needed in the DCA strategy is just discipline, even if your knowledge in investing is very limited and the money you are ready to invest is small, you can still invest safely with DCA. As long as you use discretionary income, there's nothing wrong with investing heavily using DCA, as long as it's not borrowed money or money for other basic needs. If you have an income of $5,000 per month and set aside $500 for investment, that is your version of DCA, while those who only earn $1,000 per month and set aside $100 for investment, then that is their version of DCA.

The examples that you give in your last paragraph need to account for expenses first, otherwise we have no idea if you proposed amounts to set aside for buying bitcoin are even close to reasonable.

In other words, there is a need to figure out discretionary income, so that we are able to figure out how much money is actually available and not necessary to cover various basic expenses.

The misunderstanding there is that people can't just set funds out of their income when they don't understand how much of it will be their discretionary income, acting without knowing what your discretionary income is or having an idea of what range of their income will ultimately become discretionary, if this isn't known then people will end up investing with more than their actual discretionary income simply because they failed to figure out their discretionary income.
Discipline isn't wrong to have as an investor but without their discretionary income their investment won't have any chance at success.

[Tythox.com]

~snip~

How sure are you that a person without income can invest perfectly well than those that has a source of income? You seems to have forgotten that it is through your  income that you would figure out your discretionary income that's after you must have pay for your basic necessities. So without a source of income there's no way you can invest in Bitcoin talk more of to do it perfectly.

 when you don't have a source of income any money that comes in, perhaps from Side hustle or from your family members will be used to pay for your basic necessities, you barely see someone that does not have a source of income thinking about investment of any kind. Their focus is always centered on how they can sort Thier basic necessities. So there's no way I would agree with you  when you said that a person without a source of income can invest perfectly well than someone that has a source of income, even though surely they will manage to invest but Thier accumulation journey can never move perfectly than Those that has a source of income.

Tbh, I doubt if you yourself really understand what discretionary mean coz if you do, then you would know that discretionary income can come from a whole lot of source, rather than only your source of income.. Discretionary could come from long time savings, or even pension or pocket money, side hustle, bonuses, investment return, I mean literally a whole lot of other sources to get discretionary income from... And as far as it is your discretionary income, it dosen't really matter where it comes from because you could definitely invest in Bitcoin using it...

If you read @ejikeme well you will understand his point, it doesn't seem like he's denying the fact that who doesn't have a job can also invest in bitcoin, he's talking about the ability to do it well, perhaps consistently. The truth is that anybody can invest in bitcoin but not everyone can be consistent with bitcoin accumulation. A person who invests in bitcoin from his savings over time or a person who invests in bitcoin from gifts he has received or kinda can figure out his Discretionary income at the beginning but may not be able to envisage when next he would be buying bitcoin again because he is not sure of when next he would be having a Discretionary income.

Investing in bitcoin consistently is peculiar to people who owns a stable source of income even though anyone can also have an initial bitcoin accumulation but not everyone can set a DCA approach for his bitcoin accumulation. A person who receives upkeep from his parents can also invest in bitcoin nearly consistently because he knows he would receive his upkeep regularly within some timeframe, hence we can say that his upkeeps becomes his source of income with which he can always figure out his Discretionary income to invest.

Even if you go into bitcoin investment when you do not have a stable source of income, it is very important to seek to own a stable source of income afterwards in order to maintain your bitcoin accumulation and also remain financially stress-free in order to focus and buy more bitcoin too. A person who do not have a source of income may not have a very set time when he targets to achieve a particular accumulation target, but who owns a stable source of income no matter how little can also set a goal and achieve it almost seamlessly. So it's important to understand @ejikeme's stand because I'm sure he isn't denying the ability of a jobless person to own a bitcoin, he's only doubting the ability to do it consistently as a jobless beginner.

Discretionary income is really the main point here, not just income itself.

Someone can earn $5k and still not have enough free money to invest because of high expenses, debts or family obligations. Another person can earn less but still have some little money left because his expenses are low. So I dont think income alone can tell us if someone can DCA properly or not.

But I also agree that if there is no regular income at all, doing a strict DCA becomes harder. You can still buy Bitcoin from gifts, savings, side hustle or any extra money, but it may not be consistent like someone who receives salary every month. In that case, maybe it is better to buy when free money is available instead of forcing weekly or monthly buying.

For me, the danger is when people call money “discretionary” before they have settled their basic needs. That can lead to panic selling later. DCA is good, but only when the money used can really stay in Bitcoin for long time without disturbing daily life.

[As-Soon-As]

Snip.

There is nothing wrong with putting in big with the DCA as long as your discretionary income can afford it, people with bigger discretionary can invest an amount that can be considered as lump sum by others with the DCA, the amount of range the DCA has is what makes it the best bitcoin investment strategy among the different bitcoin investment strategies been and that's also why people like using it, it can include different investors with different discretionary budgets.

That's what makes DCA the king of strategies in Bitcoin. DCA is a very democratic strategy, there is no minimum amount for investors. Students can apply the DCA strategy of $20 per week, employees $100 per month and company bosses $1000 per month, different amounts are acceptable to apply depending on the financial capacity that is ready to be invested. The most important thing is to stick to the same rules, invest regularly and don't guess market prices, the only difference is the size of the numbers.

What is needed in the DCA strategy is just discipline, even if your knowledge in investing is very limited and the money you are ready to invest is small, you can still invest safely with DCA. As long as you use discretionary income, there's nothing wrong with investing heavily using DCA, as long as it's not borrowed money or money for other basic needs. If you have an income of $5,000 per month and set aside $500 for investment, that is your version of DCA, while those who only earn $1,000 per month and set aside $100 for investment, then that is their version of DCA.

The examples that you give in your last paragraph need to account for expenses first, otherwise we have no idea if you proposed amounts to set aside for buying bitcoin are even close to reasonable.

In other words, there is a need to figure out discretionary income, so that we are able to figure out how much money is actually available and not necessary to cover various basic expenses.

The misunderstanding there is that people can't just set funds out of their income when they don't understand how much of it will be their discretionary income, acting without knowing what your discretionary income is or having an idea of what range of their income will ultimately become discretionary, if this isn't known then people will end up investing with more than their actual discretionary income simply because they failed to figure out their discretionary income.
Discipline isn't wrong to have as an investor but without their discretionary income their investment won't have any chance at success.

It is best to invest in Bitcoin with discretionary income, because if every investor holds their investment for a long time like this, then they will definitely be able to keep their Bitcoin holdings free in the future as per their plan. Therefore, it is best to use discretionary income in Bitcoin investment because they will be able to hold it for a long time and by following DCA, they will be able to sustain it for a long time. As a result, from any point of view, the Bitcoin investor will adopt the plan, and will definitely increase towards success in Bitcoin investment.

[ruykeri]

Discretionary income is really the main point here, not just income itself.

Someone can earn $5k and still not have enough free money to invest because of high expenses, debts or family obligations. Another person can earn less but still have some little money left because his expenses are low. So I dont think income alone can tell us if someone can DCA properly or not.

But I also agree that if there is no regular income at all, doing a strict DCA becomes harder. You can still buy Bitcoin from gifts, savings, side hustle or any extra money, but it may not be consistent like someone who receives salary every month. In that case, maybe it is better to buy when free money is available instead of forcing weekly or monthly buying.

For me, the danger is when people call money “discretionary” before they have settled their basic needs. That can lead to panic selling later. DCA is good, but only when the money used can really stay in Bitcoin for long time without disturbing daily life.

Discretionary income is not something to be taken lightly. It is not an issue that can be misunderstood. It is a matter of fact that there will be excess money left over after spending. And with that, one will invest in Bitcoin. However, you are right that discretionary income does not arise even after someone's income is high. Because not everyone's responsibilities are the same. Not everyone's expenses are the same. So discretionary income does not depend only on how much a person earns, it depends on how much a person spends according to his income. And there is no room for error here. A person himself knows how much he spends and he himself understands how much money is left over after all his expenses. After that, he will invest in Bitcoin according to his priority...

[G_Besar]

The misunderstanding there is that people can't just set funds out of their income when they don't understand how much of it will be their discretionary income, acting without knowing what your discretionary income is or having an idea of what range of their income will ultimately become discretionary, if this isn't known then people will end up investing with more than their actual discretionary income simply because they failed to figure out their discretionary income.
Discipline isn't wrong to have as an investor but without their discretionary income their investment won't have any chance at success.

Actually, this is very easy for anyone with an income to figure out because it belongs to them. Everyone simply needs to see how much income is left after they spend it on daily expenses, which is something that should not be neglected on a regular basis. So, the remaining profit can be directly used to invest in Bitcoin, although the amount may not always be the same each week or month, as it's also influenced by your needs and expenses. So, it's a very simple matter and doesn't require much thought. Because those who struggle to invest are those without a regular income or those whose income is consistently insufficient to cover their daily needs.

[samadam007]

Discretionary income is really the main point here, not just income itself.

Someone can earn $5k and still not have enough free money to invest because of high expenses, debts or family obligations. Another person can earn less but still have some little money left because his expenses are low. So I dont think income alone can tell us if someone can DCA properly or not.

But I also agree that if there is no regular income at all, doing a strict DCA becomes harder. You can still buy Bitcoin from gifts, savings, side hustle or any extra money, but it may not be consistent like someone who receives salary every month. In that case, maybe it is better to buy when free money is available instead of forcing weekly or monthly buying.

For me, the danger is when people call money “discretionary” before they have settled their basic needs. That can lead to panic selling later. DCA is good, but only when the money used can really stay in Bitcoin for long time without disturbing daily life.

if you only buy when "free money is available" then it is no longer DCA.Folks with small income can DCA efficienty as long as the income is regular, while those with irregular income can create their own DCA….during periods of high income, they can put aside a fixed percentage of  cash and later invest little by little during low income periods.
Essential expenses and savings should always come first.

[Itz-prisigold]

Discretionary income is really the main point here, not just income itself.

Someone can earn $5k and still not have enough free money to invest because of high expenses, debts or family obligations. Another person can earn less but still have some little money left because his expenses are low. So I dont think income alone can tell us if someone can DCA properly or not.

But I also agree that if there is no regular income at all, doing a strict DCA becomes harder. You can still buy Bitcoin from gifts, savings, side hustle or any extra money, but it may not be consistent like someone who receives salary every month. In that case, maybe it is better to buy when free money is available instead of forcing weekly or monthly buying.

For me, the danger is when people call money “discretionary” before they have settled their basic needs. That can lead to panic selling later. DCA is good, but only when the money used can really stay in Bitcoin for long time without disturbing daily life.

I feel you are focusing too much on the concept of regular income as a requirement for a person to be consistent in he's or her Bitcoin accumulation. Yeah sure having a set salary could make it easier to follow a set schedule of your weekly or monthly tasks, but consistency does not need to be connected to a specific paycheck cycle.

What matters more here is whether there is discretionary income available when the opportunity for allocation arises.  I believe that a person with irregular income can still accumulate Bitcoin for years, provided he or she can manage their cashflow and they are always investing from discretionary income whenever it's available. The buying might not take place on the very same day each week or month,  but your accumulation process can still remain consistent.

So in my opinion, the limiting factor here is not whether income is regular or irregular,  but whether a person has built up a financial structure that enables them to allocate over time in an enduring manner.

[Different patterns]

From the way i see it, whether a person decides to be investing $20 per week or $1,000 per month, the principle still remains that they should be consistent with their buys.

Consistent in what way?  I like the idea of weekly buys, yet guys can choose whatever they like and whatever they believe to be most comfortable for their own situation.  So if a guy has several things going on in his life and sometimes he has money available for bitcoin investing every week and then other times he is not able to confirm the extent to which the money is available for bitcoin investing until the end of the month, then why is that kind of a practice not consistent?  especially if he might be investing "as much as he can" or maybe some percentage of what he can whenever he makes a determination that the money is "available" for bitcoin investing, and it may well not matter if it might be $20 or $1k that comes available or if he ends up making the determination after a week or after a month.  It is largely his choice to the extent to which there might be wiggle room on the timeline and/or the amounts that he decides to put in to bitcoin as compared with savings and/or discretionarily consuming it.

I comprehend your point and I also agree that investors have different ways of earning their income, not everyone can commit to exact same amount and I do  not think there’s anything wrong with modifying contributions based on when the discretionary income becomes available. However, when I say consistency, I’m not necessarily referring to investing a fixed amount every month or week, I mean to maintaining a regular habit of accumulating bitcoin over the long term. The amount can be different, and also time may not be the same as well, but the most important thing is the investor continues to add to their bitcoin position when ever funds become available instead of staying completely.

[johnsaributua]

I comprehend your point and I also agree that investors have different ways of earning their income, not everyone can commit to exact same amount and I do  not think there’s anything wrong with modifying contributions based on when the discretionary income becomes available. However, when I say consistency, I’m not necessarily referring to investing a fixed amount every month or week, I mean to maintaining a regular habit of accumulating bitcoin over the long term. The amount can be different, and also time may not be the same as well, but the most important thing is the investor continues to add to their bitcoin position when ever funds become available instead of staying completely.

We must acknowledge their way of generating income because they basically make investments that are quite consistent and their commitment in doing so to earn income so that currently there are rarely anyone who can follow what they do, one of which makes them always earn income is having strong finances so that in making investments they are not too busy looking for support to facilitate the Bitcoin investment that they do even though it is true that each of us has our own advantages but with the options they have makes us have to be motivated when we have additional income that sometimes there are those who give it to us and that is currently where many parties are waiting for trust from people who dare to provide additional encouragement for those of us who are lacking in financial so I think if we have the same things that investors have of course we will also be able to follow what is produced by those investors.

[Sim_card]

if you only buy when "free money is available" then it is no longer DCA.Folks with small income can DCA efficienty as long as the income is regular, while those with irregular income can create their own DCA….during periods of high income, they can put aside a fixed percentage of  cash and later invest little by little during low income periods.
Essential expenses and savings should always come first.

Whether your income is big or small regular or irregular you need your discretionary income to buy Bitcoin and not regular income because I have seen folks with regular income who don't have discretionary income because their income isn't enough to meet up with their basic needs and monthly expenses such people cannot invest in bitcion until, they get a discretionary income.

Your discretionary income is the what is leftover after you have taken care of your basic needs and monthly expenses or funds that you are given to as a gift. The part the extra funds can be used to buy bitcoin instead, of just saving it in the bank because fiat losses it's purchasing power overtime.

If your free money is constantly available weekly/monthly, you can use is to DCA because it's free money that you can do without and it wouldn't affect your welfare.

[tottong]

Actually, this is very easy for anyone with an income to figure out because it belongs to them. Everyone simply needs to see how much income is left after they spend it on daily expenses, which is something that should not be neglected on a regular basis. So, the remaining profit can be directly used to invest in Bitcoin, although the amount may not always be the same each week or month, as it's also influenced by your needs and expenses. So, it's a very simple matter and doesn't require much thought. Because those who struggle to invest are those without a regular income or those whose income is consistently insufficient to cover their daily needs.

As long as there is the intention to invest, everyone will certainly find a way to have a steady income, to live a much better life, a person needs a steady income to meet their living expenses.
Then, we can assess how much money we have left after meeting the needs of our family so that the remainder can be invested in Bitcoin.
It doesn't have to be large to start investing the most important thing is how to do it consistently, because consistent investment will lead someone to a much better life in the long term.

Then one must also be able to cut back on non-essential needs. This ensures that the available budget is not wasted on unnecessary needs and allows us to gradually increase our investment portfolio to achieve consistency.
It may seem difficult at first, but with discipline, we will gradually become accustomed to it which will have a significant impact on our investment journey.

[Agbam]

Once a guy figures out his discretionary income after he has deducted his expenses from his income, then he has an ability to decide how much he is going to 1) invest, 2) save and/or 3) discretionarily spend.  Those three categories of choices regarding how to use discretionary funds are equal, and guys make choices regarding which ones that they choose to prioritize or to deprioritize.

@JJG always making sense always, the very part which i love it the savings, invest and spend part it all equal choices after expenses. Allot of do have this feeling that we most save first before we can invest, but the truth here is that it a personal self choice.  

Abd aslo talking about DCA i agree with you that it not a King, but I would say it a king for people like me that don’t really have the time to keep up consistently in wachting chart. Because it requires consistency and timing

But my Question is this
In a situation we’re by this user income it not that stably coming, should we say a monthly DCA will work better or like you made mention buy when money is available will works more better?

SammySmart I don’t know if you’re not used to English or what cos it’s difficult reading what you wrote and you have an English name so what’s the issue?..

From what I was able to grab; your second paragraph talking about DCA there’s nothing to make sense there but the DCA makes buying and accumulating easier that you don’t have to be timing and watching Chart.

From your question?: if your income is not stable, you don’t need to decide monthly or weekly because you don’t know when the income will come, you just have to buy when your discretionary is available.

[Supreme Donvic]

Snip.

There is nothing wrong with putting in big with the DCA as long as your discretionary income can afford it, people with bigger discretionary can invest an amount that can be considered as lump sum by others with the DCA, the amount of range the DCA has is what makes it the best bitcoin investment strategy among the different bitcoin investment strategies been and that's also why people like using it, it can include different investors with different discretionary budgets.

That's what makes DCA the king of strategies in Bitcoin. DCA is a very democratic strategy, there is no minimum amount for investors. Students can apply the DCA strategy of $20 per week, employees $100 per month and company bosses $1000 per month, different amounts are acceptable to apply depending on the financial capacity that is ready to be invested. The most important thing is to stick to the same rules, invest regularly and don't guess market prices, the only difference is the size of the numbers.

What is needed in the DCA strategy is just discipline, even if your knowledge in investing is very limited and the money you are ready to invest is small, you can still invest safely with DCA. As long as you use discretionary income, there's nothing wrong with investing heavily using DCA, as long as it's not borrowed money or money for other basic needs. If you have an income of $5,000 per month and set aside $500 for investment, that is your version of DCA, while those who only earn $1,000 per month and set aside $100 for investment, then that is their version of DCA.

The examples that you give in your last paragraph need to account for expenses first, otherwise we have no idea if you proposed amounts to set aside for buying bitcoin are even close to reasonable.

In other words, there is a need to figure out discretionary income, so that we are able to figure out how much money is actually available and not necessary to cover various basic expenses.

Discipline isn't wrong to have as an investor but without their discretionary income their investment won't have any chance at success.

In order to succeed in Bitcoin investment you must be very discipline in using your money meaning you must have a very good management skill and you must discipline yourself to follow the management rules you have kept for yourself, and yes if you don't have a discretionary income you cannot succeed in Bitcoin investment, without a discretionary income it is impossible for you to invest in Bitcoin for long time, I don't see anyhow you can succeed or you can hold your bitcoin for long time if you are using money meant for your basic need, so it is only your discretionary income you can use for Bitcoin long term investment.

[JayJuanGee]

Once a guy figures out his discretionary income after he has deducted his expenses from his income, then he has an ability to decide how much he is going to 1) invest, 2) save and/or 3) discretionarily spend.  Those three categories of choices regarding how to use discretionary funds are equal, and guys make choices regarding which ones that they choose to prioritize or to deprioritize.

@JJG always making sense always, the very part which i love it the savings, invest and spend part it all equal choices after expenses. Allot of do have this feeling that we most save first before we can invest, but the truth here is that it a personal self choice.  
Abd aslo talking about DCA i agree with you that it not a King, but I would say it a king for people like me that don’t really have the time to keep up consistently in wachting chart. Because it requires consistency and timing
But my Question is this
In a situation we’re by this user income it not that stably coming, should we say a monthly DCA will work better or like you made mention buy when money is available will works more better?

Sure, you can see that there is a bit of conflict within my own statements, since I mentioned the idea of buying bitcoin whenever the money is available, yet I also frequently suggest that guys attempt to structure their cashflow management so that they are trying to buy at least some amount of bitcoin every week.

I tend to presume that guys are paid more often than once a month (such as every two weeks or even every week), even though there seem to be quite a few guys who seem to indicate that they are being paid once a month.

For sure, we talk about monthly budgets since there are quite a few payments systems that tend to be structured around monthly billing cycles, such as rent, debt payments, utilities, so sometimes there can be challenges to figure out how much money is available until resolution of various monthly charges, including sometimes there can even be variability in food costs, and perhaps some guys might even buy some items in bulk, so there might not be the same amounts of costs each month to the extent that some items are considered necessities and other items might be optional.. which is not always a clear line.

Frequently I use examples, and maybe even the guy who tends to make $2,500 per month, maybe his income varies between $1,200 and $3,500 with the most common amount and the average being around $2,500, and then perhaps this same guy has expenses that vary between $1,300 and $1,800 with a most common amount and average being around $1,500, so then he can largely calculate that he is going to tend to have $1k of discretionary funds per month, yet from my own point of view, at minimum, he has to be prepared for the worse case scenarios in which his income is low an his expenses are high and during those months, he is going to have around a $600 deficit in his expenses being higher than his income, and so not ONLY does he have to be prepared for the possibility of several months of the deficit, but he also has to be prepared for possibilities that his income could go to zero and/or his expenses could go much higher than they are, even for several months.

So maybe this same guy had been in the habit of buying around $100 per week of bitcoin, yet he should be able to figure out systems in which he might have an amount, such as $30 per week, that he buys bitcoin every week no matter what, and maybe he has a side fund that he keeps and he tries to keep at least $600 in that side fund, so that he would be able to buy $30 per week of bitcoin for 20 weeks no matter his cash flow situation.  At the same time, like I already mentioned, he should have other back up funds, and probably with the passage of time, he should be trying to build up his various back up funds so that they are at least $5,400 - which is 3 months of his highest levels of expenses, and yeah, he does not need to get to that target amount of back up funds right away, and he might even think about ways to be creative about those back up funds without putting himself at risk, yet guys should ongoingly consider that back up funds should largely be kept in liquid and non-volatile forms, which means that they tend to be fairly reasonably available to draw from quickly and they tend to be in the currency in which bills can be paid.

Newbie bitcoiners might not realize that an important aspect of back up funds and building strong cashflow management remains to try to protect from any temptation to tap into bitcoin at a time that is not of our own choosing, and if we (bitcoiners) also internalize and realize that we are committing to invest in bitcoin 4-10 years or longer, and most likely more than 10 years unless we have some age/health consideration that does not allow us to commit for more than 10 years, then we have to have systems in place in which we are either ongoingly building our bitcoin without having to tap into them or at least holding our bitcoin if we might be in a transition phase in which we might be maintaining our bitcoin and no longer focused on bitcoin accumulation yet we are not quite yet to a phase of being able to start to sell any of our bitcoin...

and yeah, it tends to take a long time to get to these higher level phases of our bitcoin where it starts to become reasonable to no longer being ongoingly accumulating bitcoin.  Some guys proclaim that guys have to forever accumulate bitcoin, which truly is not the case.  There should be ways that we are able to figure out and calculate levels of bitcoin accumulation in which we have enough or more than enough bitcoin and we no longer need to continue to accumulate more.  Sure buying more bitcoin may well be optional in those phases, but it may well not be necessary.. .. so for example, a guy who had various incomes over the years of $25k to $40k, and maybe he lived happily on those levels of incomes for 10-15 years or even longer, and if he realizes that his bitcoin stash is large enough and capable of sustaining an income of $80k or more with a 7% increase in the dollar withdrawal rate each year forever and ever and ever, then I have difficulties imagining how he thinks that he needs to have more bitcoin, since he had already figured out that he was happy with income levels that were half or less than the amount that his bitcoin is then able to support.

Discretionary income is really the main point here, not just income itself.
Someone can earn $5k and still not have enough free money to invest because of high expenses, debts or family obligations. Another person can earn less but still have some little money left because his expenses are low. So I dont think income alone can tell us if someone can DCA properly or not.

But I also agree that if there is no regular income at all, doing a strict DCA becomes harder. You can still buy Bitcoin from gifts, savings, side hustle or any extra money, but it may not be consistent like someone who receives salary every month. In that case, maybe it is better to buy when free money is available instead of forcing weekly or monthly buying.
For me, the danger is when people call money “discretionary” before they have settled their basic needs. That can lead to panic selling later. DCA is good, but only when the money used can really stay in Bitcoin for long time without disturbing daily life.

I feel you are focusing too much on the concept of regular income as a requirement for a person to be consistent in he's or her Bitcoin accumulation. Yeah sure having a set salary could make it easier to follow a set schedule of your weekly or monthly tasks, but consistency does not need to be connected to a specific paycheck cycle.

What matters more here is whether there is discretionary income available when the opportunity for allocation arises.  I believe that a person with irregular income can still accumulate Bitcoin for years, provided he or she can manage their cashflow and they are always investing from discretionary income whenever it's available. The buying might not take place on the very same day each week or month,  but your accumulation process can still remain consistent.

So in my opinion, the limiting factor here is not whether income is regular or irregular,  but whether a person has built up a financial structure that enables them to allocate over time in an enduring manner.

For sure, even though many of us have emphasized that a steady income is not required to either get started buying bitcoin and/or to continue to buy bitcoin whenever there are determinations that the amount of discretionary funds are sufficient in order to be able to buy bitcoin, yet at the same time, it seems way easier to plan ahead when guys either have steady incomes or they have expectations of future steady incomes...   It seems quite likely that the more unsteady a guys income and/or his expenses, then the more likely that he has to build and maintain higher and higher levels of back up funds to account for that unsteadiness, and so for sure, he is not prevented from buying bitcoin on a regular basis, yet he is likely going to have easier times if he can try to get into situations in which his income and/or expenses are able to be made steady and even perhaps trying to cause them to be reliable.

As a guy gets used to buying bitcoin, perhaps on a weekly basis, he may well realize that each time he buys any new bitcoin, he is committing to a 4-10 year or longer timeline in holding that bitcoin, and surely that is a long time, and even guys with steady and stable incomes cannot completely have assurances that their incomes will continue to come in, and many times, guys have to rely upon their knowledge, skills and/or connections to have some sense of reassurance that if some or all of their current cashflows dry up, they will be able to replace those cashflows with some other sources, and it can be difficult to be completely confident in regards to those income and/or expenses matters into the future... yet surely the more and more that guys are able to build up their bitcoin holdings and even their back up funds, then they are likely to have more confidence that they have a variety of sources of funds that should be able to cover them if they run into circumstances in which some or many of their cashflow sources dry up and/or are depleted and/or if their expenses might go up in a significant way.

I comprehend your point and I also agree that investors have different ways of earning their income, not everyone can commit to exact same amount and I do  not think there’s anything wrong with modifying contributions based on when the discretionary income becomes available. However, when I say consistency, I’m not necessarily referring to investing a fixed amount every month or week, I mean to maintaining a regular habit of accumulating bitcoin over the long term. The amount can be different, and also time may not be the same as well, but the most important thing is the investor continues to add to their bitcoin position when ever funds become available instead of staying completely.

We must acknowledge their way of generating income because they basically make investments that are quite consistent and their commitment in doing so to earn income so that currently there are rarely anyone who can follow what they do, one of which makes them always earn income is having strong finances so that in making investments they are not too busy looking for support to facilitate the Bitcoin investment that they do even though it is true that each of us has our own advantages but with the options they have makes us have to be motivated when we have additional income that sometimes there are those who give it to us and that is currently where many parties are waiting for trust from people who dare to provide additional encouragement for those of us who are lacking in financial so I think if we have the same things that investors have of course we will also be able to follow what is produced by those investors.

I understand in some places it can be challenging to figure out how to increase your discretionary income by increasing your income and/or by decreasing your expenses... and of course, sometimes guys have been working for years and years, and maybe the kind of work that they do is no longer as easy to do based on their age and/or health.. so there can be challenges in that direction too, so that it might become harder and harder to increase the amount of discretionary income that we have available each week (or whatever might be our bitcoin buying intervals).  In those cases, we have to work with what we have and attempt to organize ourselves as best as we can with the amount of funds that we have, and yeah, it can take 4-10 years or longer and yeah, it can even take 20-30 years or longer if we are only able to use small percentages of our income (such as less than 1-3%) to buy bitcoin on a regular basis... for sure the guys who are able to figure out ways to buy bitcoin with 15% to 25% of their income on a regular basis, they are likely able to put themselves into a better position relative to the struggles of the guys who have way lower amounts of discretionary funds in which they can work from.

[Grease5000]

The misunderstanding there is that people can't just set funds out of their income when they don't understand how much of it will be their discretionary income, acting without knowing what your discretionary income is or having an idea of what range of their income will ultimately become discretionary, if this isn't known then people will end up investing with more than their actual discretionary income simply because they failed to figure out their discretionary income.
Discipline isn't wrong to have as an investor but without their discretionary income their investment won't have any chance at success.

Actually, this is very easy for anyone with an income to figure out because it belongs to them. Everyone simply needs to see how much income is left after they spend it on daily expenses, which is something that should not be neglected on a regular basis. So, the remaining profit can be directly used to invest in Bitcoin, although the amount may not always be the same each week or month, as it's also influenced by your needs and expenses. So, it's a very simple matter and doesn't require much thought. Because those who struggle to invest are those without a regular income or those whose income is consistently insufficient to cover their daily needs.

I don't think it always has to be calculated down to an exact figure. Let take for  an instance if a person has some money  left  after settling all necessary bill, that he can either spend, save, or invest without affecting his finances, then that is already discretionary income because the exact amount may change from month to month, its never measured in any particular figure rather at times investor may decide to take some percentage of the money they have after settling all necessary bilI  to buy bitcoin and save  the remaining  percentage as backup fund.

For me what matters most is knowing that the money being used for Bitcoin is not needed for essential expenses and being disciplined enough to invest only what can comfortably be left untouched for the long term.

[Shadiq]

I don't think it always has to be calculated down to an exact figure. Let take for  an instance if a person has some money  left  after settling all necessary bill, that he can either spend, save, or invest without affecting his finances, then that is already discretionary income because the exact amount may change from month to month, its never measured in any particular figure rather at times investor may decide to take some percentage of the money they have after settling all necessary bilI  to buy bitcoin and save  the remaining  percentage as backup fund.

For me what matters most is knowing that the money being used for Bitcoin is not needed for essential expenses and being disciplined enough to invest only what can comfortably be left untouched for the long term.

Discretionary money also changes regularly due to changing inflation and changing expenses. Every month or week, the expenses are not the same amount, but our income is stable in the short term. Due to unstable expenses and stable income, the amount of discretionary money may be less in some months/weeks or more in some months. So it is difficult to say what percentage of our total income should be invested or what percentage should be kept under the backup fund. But we can plan in advance how to manage discretionary money considering the situation.

However, there are still some investors who can keep their monthly or weekly expenses relatively stable with their financial management skills and can also provide discretionary money stably. But we should adapt to the changing necessary expenses, in which case sometimes your discretionary money may be less and sometimes it may be more.

[Derekfunds]

Discretionary income is really the main point here, not just income itself.

Someone can earn $5k and still not have enough free money to invest because of high expenses, debts or family obligations. Another person can earn less but still have some little money left because his expenses are low. So I dont think income alone can tell us if someone can DCA properly or not.

But I also agree that if there is no regular income at all, doing a strict DCA becomes harder. You can still buy Bitcoin from gifts, savings, side hustle or any extra money, but it may not be consistent like someone who receives salary every month. In that case, maybe it is better to buy when free money is available instead of forcing weekly or monthly buying.

For me, the danger is when people call money “discretionary” before they have settled their basic needs. That can lead to panic selling later. DCA is good, but only when the money used can really stay in Bitcoin for long time without disturbing daily life.

if you only buy when "free money is available" then it is no longer DCA.Folks with small income can DCA efficienty as long as the income is regular, while those with irregular income can create their own DCA….during periods of high income, they can put aside a fixed percentage of  cash and later invest little by little during low income periods.
Essential expenses and savings should always come first.

You seems to have forgotten something here, what you called "free money" is a discrestionary income so don't get it twisted because this free money can be used to accumulate Bitcoin because it is same thing as discretionary it doesn't matter if it is huge or not but it will make more sense if we call it discretionary income instead of free money.. whether regular or irregular income, anyone who can figure out a discrestionary income from this can be able to invest in Bitcoin and those who are willing will surely sort out a discrestionary income regardless.