JJG’s Outline of Bitcoin Investment Ideas

[SuperBitMan]

Someone who somehow is unable to generate discretionary income anymore will be able to keep themselves from selling their bitcoin as long as they have their emergency fund and the rest of their backup funds in place, of course this will only last for a limited period of time and that's why people are advised to keep around 3 months worth of their expenses as emergency fund, this way even if you are not able to earn within that time your bitcoin investment will still be safe and before the end of those months you might have already sort yourself out and will already be generating discretionary again.

Discretionary income is only what we need to invest with and take care of our discretionary consumption. Therefore, if any investor doesn't have a discretionary income, he's not expected to invest but hodli his bitcoin investment till he has gotten discretionary income to continue with his DCA.

Your income is what you use to take care of your daily needs and monthly expenses therefore, if you don't have discretionary income doesn't mean that you cannot meet up with taking care of your basic needs.

Yeah if you don’t have discretionary income you have no business with bitcoin investment, I want us to be real here if you don’t have discretionary income please don’t think about investing in bitcoin, what you should be thinking about is how to get a very good source of income so you can generate discretionary income after all your weekly or monthly expenses.

You are correct not having discretionary income doesn't mean that you cannot meet up with taking care of your basic needs, I think some people still don’t understand what discretionary income mean or is all about let me educate them a little bit.
Discretionary income is the amount of money a person has left after paying for necessities such as: Housing (rent or mortgage), Food, Utilities, Transportation, Taxes, Basic healthcare, and so forth and so on.

Discretionary income is the money available for non-essential spending and savings, such as: Entertainment, Vacations, Dining out, Gambling, partying and Extra investing such bitcoin investment.

[Obulis]

One point I would emphasize is that all stated above are interconnected. Using discretionary income becomes much easier when you have an emergency fund, and having both makes it easier to stick with a long-term holding strategy without being forced to sell during emergencies and difficult periods.

Because from the beginning the emergency fund must still exist and we cannot rule it out. We must keep preparing an emergency fund for at least a few months of your life because we do not know what will happen in the future which makes this have to keep minimizing the risk not only about your investment but your life in the future.

So when we have discretionary funds as much as possible you can divide it into several posts including for investment and emergency funds so that we can still buy bitcoin but on the other hand we have prepared ourselves when there are unexpected situations in our lives because we already have emergency funds to cover it.

So tell me, if one of us wants to invest now and doesn't have an emergency fund, will he wait for 1 year just to build an emergency fund?

Don't forget that building a full emergency fund can take up to 1-2 years. And wouldn't it be foolish to start chasing after things that he doesn't have yet?

In some cases, an emergency fund may already be in place. Because not only is it necessary to protect Bitcoin, but in real life, cash flow is also needed for sudden emergency expenses. But for those who don't have an emergency fund yet and want to start investing, we advise them to start as soon as they have discretionary income. After starting, they can decide for themselves. They can even invest and build an emergency fund at the same time with a portion of their discretionary income. This way, they can start without waiting and before they know it, they will have an emergency fund.

The separation given here between discretionary funds and emergency funds is inappropriate because emergency funds usually comes from discretionary funds but when separated as emergency funds the remaining funds still remains discretionary and from there Bitcoin investment funds can also be allocated say on a DCA strategy. Not having emergency funds available should not be a reason not to buy Bitcoin because gathering emergency funds can be gradual starting from anytime as much as discretionary funds is available some part can be allocated for emergency and the remaining used for buying Bitcoin. In cases like this the amount of Bitcoin to be bought probably on a DCA will be low compared to when there's certain amount of emergency funds already existing but there's no need waiting to heap emergency funds before starting to buy Bitcoin as long as there's discretionary funds available.

[ZeroVinsonN]

Someone who somehow is unable to generate discretionary income anymore will be able to keep themselves from selling their bitcoin as long as they have their emergency fund and the rest of their backup funds in place, of course this will only last for a limited period of time and that's why people are advised to keep around 3 months worth of their expenses as emergency fund, this way even if you are not able to earn within that time your bitcoin investment will still be safe and before the end of those months you might have already sort yourself out and will already be generating discretionary again.

Discretionary income is only what we need to invest with and take care of our discretionary consumption. Therefore, if any investor doesn't have a discretionary income, he's not expected to invest but hodli his bitcoin investment till he has gotten discretionary income to continue with his DCA.

Your income is what you use to take care of your daily needs and monthly expenses therefore, if you don't have discretionary income doesn't mean that you cannot meet up with taking care of your basic needs.

Yeah if you don’t have discretionary income you have no business with bitcoin investment, I want us to be real here if you don’t have discretionary income please don’t think about investing in bitcoin, what you should be thinking about is how to get a very good source of income so you can generate discretionary income after all your weekly or monthly expenses.

You are correct not having discretionary income doesn't mean that you cannot meet up with taking care of your basic needs, I think some people still don’t understand what discretionary income mean or is all about let me educate them a little bit.
Discretionary income is the amount of money a person has left after paying for necessities such as: Housing (rent or mortgage), Food, Utilities, Transportation, Taxes, Basic healthcare, and so forth and so on.

Discretionary income is the money available for non-essential spending and savings, such as: Entertainment, Vacations, Dining out, Gambling, partying and Extra investing such bitcoin investment.

As long as it is not paying for an essential need it is your discretionary income, it doesn't matter how big it is, it might not be something we see everyday but there are people who their discretionary income takes up a bigger percentage of their income than their essential expenses do, just because it's bigger than this spent on our expenses doesn't mean it can't be our discretionary income, the quicker people understand what the discretionary income really is the better for them.

[Proty]

One point I would emphasize is that all stated above are interconnected. Using discretionary income becomes much easier when you have an emergency fund, and having both makes it easier to stick with a long-term holding strategy without being forced to sell during emergencies and difficult periods.

Because from the beginning the emergency fund must still exist and we cannot rule it out. We must keep preparing an emergency fund for at least a few months of your life because we do not know what will happen in the future which makes this have to keep minimizing the risk not only about your investment but your life in the future.

So when we have discretionary funds as much as possible you can divide it into several posts including for investment and emergency funds so that we can still buy bitcoin but on the other hand we have prepared ourselves when there are unexpected situations in our lives because we already have emergency funds to cover it.

So tell me, if one of us wants to invest now and doesn't have an emergency fund, will he wait for 1 year just to build an emergency fund?

Don't forget that building a full emergency fund can take up to 1-2 years. And wouldn't it be foolish to start chasing after things that he doesn't have yet?

In some cases, an emergency fund may already be in place. Because not only is it necessary to protect Bitcoin, but in real life, cash flow is also needed for sudden emergency expenses. But for those who don't have an emergency fund yet and want to start investing, we advise them to start as soon as they have discretionary income. After starting, they can decide for themselves. They can even invest and build an emergency fund at the same time with a portion of their discretionary income. This way, they can start without waiting and before they know it, they will have an emergency fund.

The separation given here between discretionary funds and emergency funds is inappropriate because emergency funds usually comes from discretionary funds but when separated as emergency funds the remaining funds still remains discretionary and from there Bitcoin investment funds can also be allocated say on a DCA strategy. Not having emergency funds available should not be a reason not to buy Bitcoin because gathering emergency funds can be gradual starting from anytime as much as discretionary funds is available some part can be allocated for emergency and the remaining used for buying Bitcoin. In cases like this the amount of Bitcoin to be bought probably on a DCA will be low compared to when there's certain amount of emergency funds already existing but there's no need waiting to heap emergency funds before starting to buy Bitcoin as long as there's discretionary funds available.

Discretionary funds and emergency funds are two different funds and there is nothing wrong in separating both because they both serve different purposes . For someone that is earning $300 , let say he used $150 for his expenses and he can decide to set aside $50 for emergency funds then then the remaining $100 is his discretionary funds. If people are not able to differentiate between emergency funds and discretionary funds they may end up using there emergency funds for investing in bitcoin which may make them to temper with there investment when face with an emergency.

[Grease5000]

There should be no standard for discretionary income. If you have a decent source of income but you are not accumulation Bitcoin then you are independent about investment. But if you are accumulating Bitcoin regularly and can sustain one cycle initially, there should be no problem for you to become a regular investor and run two more cycles.

Is there any financial arrangement through which an investor can accumulate Bitcoin regularly without a regular source of income? I think such an arrangement may not work properly. Those who do not receive a regular salary will naturally not be able to sustain Bitcoin accumulation and you should have at least a small amount of discretionary funds.

I disagree with you on that, folks only need discretionary income to invest and not a decent a source of income. Folks don't need a  regular source of income to invest in bitcoin rather what they need to get started is when they are able figure out discretionary income,.once they have their discretionary income available they can invest in bitcoin.
However there are measures that must be put in place so that folks won't sell or tamper with their Bitcoin investment before reaching their target. Folks need to setup their emergency and reserve funds this is important because it would help them to deal with any unforeseen circumstances that might arise in the future. If folks don't setup their emergency and reserve fund their bitcoin investment wouldn't be safe and they might tamper with it when face with  real life emergency situation.

It is easy to maintain a regular DCA for a long time for someone who has a regular income, but regular income is not essential for investing in Bitcoin because the main condition for investing is to have extra money to cover expenses, not a regular salary but discretionary income. There are many people who do not have a regular income such as freelancers, seasonal traders or commission-based workers, yet they can invest in Bitcoin whenever they get extra money. Another important thing is that in addition to starting to invest, you should also emphasize on building an emergency fund and savings so that you are not forced to sell it before the investment is successful as planned. Otherwise, time, money, effort will all be wasted.

Saying only those with stable income can sustain an investment for a long term can be misleading especially for those  with irregular income who wants to start accumulating bitcoin.For me I don't think  having a regular salary is the only way to accumulate Bitcoin consistently. What matters most  is being able to figure out your discretionary income whenever money comes in.

For example, someone who is self employed, runs a small business or a freelancer may not earn the same amount every month, but can still be able to set aside a portion of what  he earn every month for DCA. Though  the amount may change from month to month, but the habit of accumulating  remain the same.

For me consistency is not built only  on having a fixed monthly salary but on good money  management. The key is always to invest only what is left after taking care of your necessary needs.

[Jody.Drummer]

You are right, having a fixed salary or regular income is not a benchmark, it's just that when we already have a salary it should be easier for us to make investments, and with those who do not have a salary can make investments because I think it is also impossible if someone does not have money continuously so someone who already intends to invest will definitely have a way out to do what he wants, especially this goal is for their own good in the future. With a record that he can manage his finances well, investments can be made even if he does not have a salary.

There should be no standard for discretionary income. If you have a decent source of income but you are not accumulation Bitcoin then you are independent about investment. But if you are accumulating Bitcoin regularly and can sustain one cycle initially, there should be no problem for you to become a regular investor and run two more cycles.

Is there any financial arrangement through which an investor can accumulate Bitcoin regularly without a regular source of income? I think such an arrangement may not work properly. Those who do not receive a regular salary will naturally not be able to sustain Bitcoin accumulation and you should have at least a small amount of discretionary funds.

I think even someone with a fixed income can build a consistent accumulation habit if they are able to manage their cash flow or finances very well, even though it looks difficult but I think this can be done even though the purchase is uncertain, consistent in bitcoin is as good as the purchase but on the other hand maintaining it is also consistent. And as I said before by having a salary or a fixed income this has to be a way that helps us better invest, it should. But do not stress someone to have a fixed income or salary first to invest because I think it is not possible because for those who do not have a fixed income even if it is intended then there is nothing that can prevent him from investing even more so if his determination is strong.

[Tonimez]

[Edited out]

Saying only those with stable income can sustain an investment for a long term can be misleading especially for those  with irregular income who wants to start accumulating bitcoin.For me I don't think  having a regular salary is the only way to accumulate Bitcoin consistently. What matters most  is being able to figure out your discretionary income whenever money comes in.

For example, someone who is self employed, runs a small business or a freelancer may not earn the same amount every month, but can still be able to set aside a portion of what  he earn every month for DCA. Though  the amount may change from month to month, but the habit of accumulating  remain the same.

For me consistency is not built only  on having a fixed monthly salary but on good money  management. The key is always to invest only what is left after taking care of your necessary needs.

Not having a stable source of income does not imply that a person will fail in his bitcoin journey because no matter the amount of money a person earns weekly or monthly, he would hardly survive in bitcoin investment if he is not disciplined enough to have a plan for his investments. A folk who does not have a stable source of income but disciplined financially will be more successful because he will always manage any money that he earns very well and will not invest beyond his financial capacity. But a folk can be having a large source of income but lacks discipline and goes overly aggressive without making plans for his emergency funds (because he believes that he will always have money) or on the other hand, a person can be a large income earner but lacks a good cashflow management skill. Both ways, such large income earner will find it difficult to survive in his bitcoin investment.

[Futurexxx]

I think even someone with a fixed income can build a consistent accumulation habit if they are able to manage their cash flow or finances very well, even though it looks difficult but I think this can be done even though the purchase is uncertain, consistent in bitcoin is as good as the purchase but on the other hand maintaining it is also consistent. And as I said before by having a salary or a fixed income this has to be a way that helps us better invest, it should. But do not stress someone to have a fixed income or salary first to invest because I think it is not possible because for those who do not have a fixed income even if it is intended then there is nothing that can prevent him from investing even more so if his determination is strong.

Anyone can buy and  invest in Bitcoin consistently, as long as he or she has a source of discretionary income, so it must not be fix. What is more important is figuring out your discretionary income to invest with, though having a fix income makes planning of your finances and spending easier, but it's not a criteria used for someone that want to invest in Bitcoin because as long as you can figure out your discretionary income, which is the funds that is left, after all your basic needs have been met, then their is nothing stopping you from the investing.

[Stive009]

the most important condition for a successful DCA strategy in the long term is to have a surplus or extra income. This money does not have to be a huge amount but it should be money that will not affect your daily living expenses even if it goes away.
However i think that this extra income or DCA does not require a specific fixed job or salary. Nowadays many people are freelancing running small businesses or self-employed where the income figure at the end of the month is not always the same. They may not get paid on a specific date every month. But whenever they get money they can invest a certain percentage of that income in Bitcoin. At the end of the day the main thing is to maintain the continuity of the investment whether the source of income is fixed or variable.
 In my opinion irregular income sources are not a fault. The biggest mistake is to be greedy and buy extra Bitcoin without considering your pocket capacity or cash flow. An ideal DCA plan should always be in line with a person's own financial reality. For example If your income temporarily decreases in a month there is no point in stubbornly investing by borrowing or closing the plan altogether. Rather, it is much wiser to reduce the investment amount for that month. Because a slow and sustainable strategy will always give better results in the long run than that aggressive strategy.

You’re saying surplus income is the most important condition for a successful DCA. Based on what? People succeed with DCA because the stay consistent over time, manage their finances well and avoid emotional decisions.There is no single factor is the most important

“Slow and sustainable strategy will ALWAYS give better results than aggressive one”. Better in what aspect? Sustainble strategy is easier to maintain, but it does not automatically give bigger returns more than someone who invests aggressively with money they can afford to lose. You should be careful with absolute statement like "most important" and "always” when giving financial advice. What works for one person might not work for the another person

Thank you very much for your beautiful answer. When I talked about additional or disposable income my main focus was on the reality of the common man. Maintaining consistency is of course the most important, but in the case of the common man, maintaining this consistency directly depends on his financial condition. If someone invests money that can pull his daily expenses Then each investment will create mental stress for him. As a result it is not possible for him to maintain discipline even if there is a slight unexpected expense or if the market fluctuates a little. Because of this reality i consider additional income to be one of the main pillars of sustaining DCA for long years. Here, I did not talk about getting higher returns or higher profits. You are absolutely right, those who have a high risk tolerance and are investing money that does not matter if they lose. They can definitely earn much higher returns by making aggressive investments. My intention in saying better results was the ability to survive multiple market cycles. The advantage of a slow and steady strategy is that it saves you from having to stop the plan midway, panic and sell at a loss, or take unnecessary financial risks. While everyone's financial situation is different, the most successful DCA plan is one that a person can maintain for years without any stress, in line with their own reality.

[Alonso_]

I think even someone with a fixed income can build a consistent accumulation habit if they are able to manage their cash flow or finances very well, even though it looks difficult but I think this can be done even though the purchase is uncertain, consistent in bitcoin is as good as the purchase but on the other hand maintaining it is also consistent. And as I said before by having a salary or a fixed income this has to be a way that helps us better invest, it should. But do not stress someone to have a fixed income or salary first to invest because I think it is not possible because for those who do not have a fixed income even if it is intended then there is nothing that can prevent him from investing even more so if his determination is strong.

Anyone can buy and  invest in Bitcoin consistently, as long as he or she has a source of discretionary income, so it must not be fix. What is more important is figuring out your discretionary income to invest with, though having a fix income makes planning of your finances and spending easier, but it's not a criteria used for someone that want to invest in Bitcoin because as long as you can figure out your discretionary income, which is the funds that is left, after all your basic needs have been met, then their is nothing stopping you from the investing.

Having a discretionary income, like I always says, is the most important and the most efficient thing that you can possibly do and achieve, for a newbie who is interested to invest in Bitcoin, what you should be doing is planning to have a discretionary income availability, I hear about people saying you need a steady source of income, but that isn’t what you need to get started with investing in bitcoin, what you need to start investing in bitcoin is a discretionary income, and I believe everyone that have know about bitcoin for a long time should already know about all of this phenomena, so it doesn’t look like people are trying to over emphasize on having a steady source of income, while that isn’t the ultimate source we need to get started with investing in bitcoin.

[sotelorene]

I think even someone with a fixed income can build a consistent accumulation habit if they are able to manage their cash flow or finances very well, even though it looks difficult but I think this can be done even though the purchase is uncertain, consistent in bitcoin is as good as the purchase but on the other hand maintaining it is also consistent. And as I said before by having a salary or a fixed income this has to be a way that helps us better invest, it should. But do not stress someone to have a fixed income or salary first to invest because I think it is not possible because for those who do not have a fixed income even if it is intended then there is nothing that can prevent him from investing even more so if his determination is strong.

Anyone can buy and  invest in Bitcoin consistently, as long as he or she has a source of discretionary income, so it must not be fix. What is more important is figuring out your discretionary income to invest with, though having a fix income makes planning of your finances and spending easier, but it's not a criteria used for someone that want to invest in Bitcoin because as long as you can figure out your discretionary income, which is the funds that is left, after all your basic needs have been met, then their is nothing stopping you from the investing.

Having a discretionary income, like I always says, is the most important and the most efficient thing that you can possibly do and achieve, for a newbie who is interested to invest in Bitcoin, what you should be doing is planning to have a discretionary income availability, I hear about people saying you need a steady source of income, but that isn’t what you need to get started with investing in bitcoin, what you need to start investing in bitcoin is a discretionary income, and I believe everyone that have know about bitcoin for a long time should already know about all of this phenomena, so it doesn’t look like people are trying to over emphasize on having a steady source of income, while that isn’t the ultimate source we need to get started with investing in bitcoin.

you are right, discretionary income is what is needed initially to start your bitcoin investment journey then emergency funds can be gotten later but it becomes waste and a lack of knowledge for someone to start running on how to get an emergency funds before starting likewise people who think or believe that it is compulsory or mandatory for someone to have a stable source of income to start bitcoin investment. i am very sure that if some of the people we see as great investor now or those that are doing better in their bitcoin investment waited for emergency funds and stable source of income they would not have gotten this far.

[Different patterns]

They need to tighten the engine first (Bitcoin) to avoid any problems on the way, after that they can focus on the brakes (cash) and the spare tire (other assets). Most investors make the mistake of diversifying from scratch, but the results are not significant. They should have collected as much Bitcoin as possible, then been patient and waited to reap the rewards.

If our investment timeline is 4-10 years or longer, then we may well not be too focused on reaping the rewards in those earlier building stages, and I would think that anyone who has an investment timeline that is less than 10 years may well be doing it based on age/health considerations that do not really allow them to commit to an investment timeline that is 10 years or longer. I am not sure if your car analogy is very great, including your suggestion that the building of cash comes after the building of bitcoin.  

First of all we do need to make sure that we are investing from discretionary funds, so if we are brand new starting out and if we might not already have back up funds, then we are likely going to need to build up our back up funds at the same time that we are building up our bitcoin holdings, at least until the back up funds get to a certain comfortable enough level that might allow us to focus more on building the bitcoin portion rather than the back up funds portion, yet it seems healthy to continue to build up both, even though I am not even proclaiming that they have to be built up at the same rate, since individuals can choose how much priority that they want to give to building up their bitcoin holdings as compared with how much back up funds that they believe that they might need to have on hand for any fluctuations that they might anticipate to be happening in their income going down and/or their expenses going up.

I agree with this perspective, building backups funds and bitcoin position or even emergency funds they should always work together hand in hand, must especially for those that are investing for long term, emergency funds play a better role by reduces the risk of being forced to sell your bitcoin whenever unexpected or there’s markets downturn.

And I also agree with this approach that said, an investor should build backup funds and bitcoin together, because that creates a strong financial foundation than investor should only focus on one. Because backup funds protect the bitcoin from being sold, that encourage investor to focus more on accumulating of bitcoin without any pressure, and give investor greater confidence throughout in investment journey.

[The Founding Titan]

Someone who somehow is unable to generate discretionary income anymore will be able to keep themselves from selling their bitcoin as long as they have their emergency fund and the rest of their backup funds in place, of course this will only last for a limited period of time and that's why people are advised to keep around 3 months worth of their expenses as emergency fund, this way even if you are not able to earn within that time your bitcoin investment will still be safe and before the end of those months you might have already sort yourself out and will already be generating discretionary again.

Being unable to generate discretionary income along the line doesn't warrant an investor to sell when the goal is not meet, that's not an excuse cause not being able to generate discretionary income at some point doesn't mean the person would never do that again, expect the person becomes handicapped along the line.
 However some handicapped people still manage to get funds and can generate discretionary funds, so what's the excuse of someone that physically and mentally complete? Anyone that into an investment without having an emergency funds is putting themselves at risk financially.

If someone is unable to generate income at all they will not be able to generate discretionary income and with nothing in their emergency fund they will be pushed to get money from a different source and their bitcoin portfolio is included here, that's why people have their backup funds in place do they don't have to sell their bitcoin in case of an emergency.
So yes people can end up in situations where they will have no choice but to sell their stash because they failed to prepare for emergencies that can happen at anytime since we can control them and that's why we should be prepared for them.

[Sobz]

I think even someone with a fixed income can build a consistent accumulation habit if they are able to manage their cash flow or finances very well, even though it looks difficult but I think this can be done even though the purchase is uncertain, consistent in bitcoin is as good as the purchase but on the other hand maintaining it is also consistent. And as I said before by having a salary or a fixed income this has to be a way that helps us better invest, it should. But do not stress someone to have a fixed income or salary first to invest because I think it is not possible because for those who do not have a fixed income even if it is intended then there is nothing that can prevent him from investing even more so if his determination is strong.

I don’t think having a fixed income will make it difficult to invest in Bitcoin. In fact, to be able to invest in Bitcoin, it is even advisable for one to have income; it doesn't matter whether it is fixed or not. The most important thing is how one can manage the income very well, and it is possible for one to invest in Bitcoin consistently. Having a fixed income is not an excuse not to invest in Bitcoin. For someone who understands what investing in Bitcoin means, no matter how little your income may be, you will still try your best to invest an amount you can afford, and buying Bitcoin consistently will be the focus to yield good results for the future.

[Versatile_choice]

It is easy to maintain a regular DCA for a long time for someone who has a regular income, but regular income is not essential for investing in Bitcoin because the main condition for investing is to have extra money to cover expenses, not a regular salary but discretionary income. There are many people who do not have a regular income such as freelancers, seasonal traders or commission-based workers, yet they can invest in Bitcoin whenever they get extra money. Another important thing is that in addition to starting to invest, you should also emphasize on building an emergency fund and savings so that you are not forced to sell it before the investment is successful as planned. Otherwise, time, money, effort will all be wasted.

Saying only those with stable income can sustain an investment for a long term can be misleading especially for those  with irregular income who wants to start accumulating bitcoin.For me I don't think  having a regular salary is the only way to accumulate Bitcoin consistently. What matters most  is being able to figure out your discretionary income whenever money comes in.

I think you're missing the point, she never Said only those with stable income can maintain thier investment for a long term. What she was actually trying to say is that those with stable income enjoy the regular DCAing than those without stable income, but that doesn't mean a person without a stable income can't invest in bitcoin Rather, it might be a bit difficult for them to maintain the regular DCAing. but that's not a problem because they can still look for a flexible method to accumulate Bitcoin even though it requires buying whenever they figure out thier discretionary income, it is better than forcing themselves into what they can't possibly maintain.

[Tetu100]

Saying only those with stable income can sustain an investment for a long term can be misleading especially for those  with irregular income who wants to start accumulating bitcoin.For me I don't think  having a regular salary is the only way to accumulate Bitcoin consistently. What matters most  is being able to figure out your discretionary income whenever money comes in.

For example, someone who is self employed, runs a small business or a freelancer may not earn the same amount every month, but can still be able to set aside a portion of what  he earn every month for DCA. Though  the amount may change from month to month, but the habit of accumulating  remain the same.

For me consistency is not built only  on having a fixed monthly salary but on good money  management. The key is always to invest only what is left after taking care of your necessary needs.

That is the underlining fact and the most important thing that must be first put into consideration before any other thing follows. Thus we don't have to be so rich or to be as stable in our finance as expected but what really count is how we can be able to utilize the like we had by figuring out our discretionary funds which is I beleive is the ultimate as long as bitcoin investment is concern.

[Supreme Donvic]

I think even someone with a fixed income can build a consistent accumulation habit if they are able to manage their cash flow or finances very well, even though it looks difficult but I think this can be done even though the purchase is uncertain, consistent in bitcoin is as good as the purchase but on the other hand maintaining it is also consistent. And as I said before by having a salary or a fixed income this has to be a way that helps us better invest, it should. But do not stress someone to have a fixed income or salary first to invest because I think it is not possible because for those who do not have a fixed income even if it is intended then there is nothing that can prevent him from investing even more so if his determination is strong.

Anyone can buy and  invest in Bitcoin consistently, as long as he or she has a source of discretionary income, so it must not be fix. What is more important is figuring out your discretionary income to invest with, though having a fix income makes planning of your finances and spending easier, but it's not a criteria used for someone that want to invest in Bitcoin because as long as you can figure out your discretionary income, which is the funds that is left, after all your basic needs have been met, then their is nothing stopping you from the investing.

Having a discretionary income, like I always says, is the most important and the most efficient thing that you can possibly do and achieve, for a newbie who is interested to invest in Bitcoin, what you should be doing is planning to have a discretionary income availability, I hear about people saying you need a steady source of income, but that isn’t what you need to get started with investing in bitcoin, what you need to start investing in bitcoin is a discretionary income, and I believe everyone that have know about bitcoin for a long time should already know about all of this phenomena, so it doesn’t look like people are trying to over emphasize on having a steady source of income, while that isn’t the ultimate source we need to get started with investing in bitcoin.

you are right, discretionary income is what is needed initially to start your bitcoin investment journey then emergency funds can be gotten later but it becomes waste and a lack of knowledge for someone to start running on how to get an emergency funds before starting likewise people who think or believe that it is compulsory or mandatory for someone to have a stable source of income to start bitcoin investment. i am very sure that if some of the people we see as great investor now or those that are doing better in their bitcoin investment waited for emergency funds and stable source of income they would not have gotten this far.

What you have to understand is that when Bitcoin was created newly with the use of $10 you can accumulate a lot of Bitcoin but right now you cannot anymore because bitcoin price has increased so for you to be able to accumulate good amount of Bitcoin you need to put some strategy in place so you won't be dipping hands into your bitcoin investment and one of those things you need to set in place are emergency funds, if you decide to have a strong emergency funds before you start accumulating Bitcoin you are not totally wrong, you can do that if you feel that it is good for you or you can decide to accumulate bitcoin alongside building your emergency funds.

I don't know why you are saying one can invest in Bitcoin without having a stable income if you don't have a stable income how do you intend to be accumulating Bitcoin? Please I need your answer.

[AuchanX]

One point I would emphasize is that all stated above are interconnected. Using discretionary income becomes much easier when you have an emergency fund, and having both makes it easier to stick with a long-term holding strategy without being forced to sell during emergencies and difficult periods.

Because from the beginning the emergency fund must still exist and we cannot rule it out. We must keep preparing an emergency fund for at least a few months of your life because we do not know what will happen in the future which makes this have to keep minimizing the risk not only about your investment but your life in the future.

So when we have discretionary funds as much as possible you can divide it into several posts including for investment and emergency funds so that we can still buy bitcoin but on the other hand we have prepared ourselves when there are unexpected situations in our lives because we already have emergency funds to cover it.

So tell me, if one of us wants to invest now and doesn't have an emergency fund, will he wait for 1 year just to build an emergency fund?

Don't forget that building a full emergency fund can take up to 1-2 years. And wouldn't it be foolish to start chasing after things that he doesn't have yet?

In some cases, an emergency fund may already be in place. Because not only is it necessary to protect Bitcoin, but in real life, cash flow is also needed for sudden emergency expenses. But for those who don't have an emergency fund yet and want to start investing, we advise them to start as soon as they have discretionary income. After starting, they can decide for themselves. They can even invest and build an emergency fund at the same time with a portion of their discretionary income. This way, they can start without waiting and before they know it, they will have an emergency fund.

The separation given here between discretionary funds and emergency funds is inappropriate because emergency funds usually comes from discretionary funds but when separated as emergency funds the remaining funds still remains discretionary and from there Bitcoin investment funds can also be allocated say on a DCA strategy. Not having emergency funds available should not be a reason not to buy Bitcoin because gathering emergency funds can be gradual starting from anytime as much as discretionary funds is available some part can be allocated for emergency and the remaining used for buying Bitcoin. In cases like this the amount of Bitcoin to be bought probably on a DCA will be low compared to when there's certain amount of emergency funds already existing but there's no need waiting to heap emergency funds before starting to buy Bitcoin as long as there's discretionary funds available.

The source of money may be the same but the purpose of that money is not the same. Emergency funds come from our discretionary income but that is not the same as investable money.

Let me give you an example. Suppose I have $100 in discretionary income at the end of the month. Considering my financial situation, I set aside $50 for emergencies and bought Bitcoin with $50. Here, although the source of the two parts is the same, now their function is completely different. Now if I try to buy Bitcoin again with the emergency fund, the emergency fund will not be there.

[Jewan420]

What you have to understand is that when Bitcoin was created newly with the use of $10 you can accumulate a lot of Bitcoin but right now you cannot anymore because bitcoin price has increased so for you to be able to accumulate good amount of Bitcoin you need to put some strategy in place so you won't be dipping hands into your bitcoin investment and one of those things you need to set in place are emergency funds, if you decide to have a strong emergency funds before you start accumulating Bitcoin you are not totally wrong, you can do that if you feel that it is good for you or you can decide to accumulate bitcoin alongside building your emergency funds.

I don't know why you are saying one can invest in Bitcoin without having a stable income if you don't have a stable income how do you intend to be accumulating Bitcoin? Please I need your answer.

The main investment strategy used to buy Bitcoin is DCA or dip or Lump Sum etc. Emergency fund is a protection strategy for investment. Why is it necessary to strengthen the emergency fund before starting investment? It is just a waste of time. Start investing as soon as possible and keep building an emergency fund along with it.

Your main question is why is stable income not mandatory for investment? The answer is very simple, investment requires a source of discretionary income or discretionary money. So here the source of stable income is not the main thing. Some people's unstable source of income can also provide better and more discretionary money than a stable source of income.

[Silikiem]

One point I would emphasize is that all stated above are interconnected. Using discretionary income becomes much easier when you have an emergency fund, and having both makes it easier to stick with a long-term holding strategy without being forced to sell during emergencies and difficult periods.

Because from the beginning the emergency fund must still exist and we cannot rule it out. We must keep preparing an emergency fund for at least a few months of your life because we do not know what will happen in the future which makes this have to keep minimizing the risk not only about your investment but your life in the future.

So when we have discretionary funds as much as possible you can divide it into several posts including for investment and emergency funds so that we can still buy bitcoin but on the other hand we have prepared ourselves when there are unexpected situations in our lives because we already have emergency funds to cover it.

So tell me, if one of us wants to invest now and doesn't have an emergency fund, will he wait for 1 year just to build an emergency fund?

Don't forget that building a full emergency fund can take up to 1-2 years. And wouldn't it be foolish to start chasing after things that he doesn't have yet?

In some cases, an emergency fund may already be in place. Because not only is it necessary to protect Bitcoin, but in real life, cash flow is also needed for sudden emergency expenses. But for those who don't have an emergency fund yet and want to start investing, we advise them to start as soon as they have discretionary income. After starting, they can decide for themselves. They can even invest and build an emergency fund at the same time with a portion of their discretionary income. This way, they can start without waiting and before they know it, they will have an emergency fund.

The separation given here between discretionary funds and emergency funds is inappropriate because emergency funds usually comes from discretionary funds but when separated as emergency funds the remaining funds still remains discretionary and from there Bitcoin investment funds can also be allocated say on a DCA strategy. Not having emergency funds available should not be a reason not to buy Bitcoin because gathering emergency funds can be gradual starting from anytime as much as discretionary funds is available some part can be allocated for emergency and the remaining used for buying Bitcoin. In cases like this the amount of Bitcoin to be bought probably on a DCA will be low compared to when there's certain amount of emergency funds already existing but there's no need waiting to heap emergency funds before starting to buy Bitcoin as long as there's discretionary funds available.

The source of money may be the same but the purpose of that money is not the same. Emergency funds come from our discretionary income but that is not the same as investable money.

Let me give you an example. Suppose I have $100 in discretionary income at the end of the month. Considering my financial situation, I set aside $50 for emergencies and bought Bitcoin with $50. Here, although the source of the two parts is the same, now their function is completely different. Now if I try to buy Bitcoin again with the emergency fund, the emergency fund will not be there.

The emergency funds is kept specifically for use in sorting out emergency situations and not to be used in buying bitcoin for investment. It is true that the emergency funds is gotten from the discretionary income but that doesn’t mean we should use the emergency funds to invest in bitcoin. Emergency situation can occur at any time so you don’t have to tend towards selling your bitcoin to sort the situation, you use your emergency funds to sort them out immediately.