JJG’s Outline of Bitcoin Investment Ideas

[Muba20]

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.

Starting to buy Bitcoin without discretionary income is actually a problem in the future, and it's probably not a good idea. But when you look at this as the ultimate goal, it leaves out a few important questions. For example, how regular is this money and how long can you hold on to it after investing?

Maybe you have $200 in discretionary income this month, but if your income drops next month, and you have to invest $100 and sell Bitcoin when you need it, then technically it's part of your discretionary income, but the plan wasn't sustainable.

[Big Dirams]

Investing in Bitcoin is very important and more important than that is an emergency fund, because the emergency fund is the protection of your Bitcoin investment. However,this emergency fund is not very important. Those who give more importance to Bitcoin investment may forget about the importance of the wallet. Everything is more important, but among them, collecting the keys to the wallet is the most important because your future depends on your roof.

You are totally getting this wrong and also you are making confusion to yourself and others too. Investing in bitcoin isn’t something that is made mandatory on any single soul and investing in bitcoin is just choice. If a person decide to invest in bitcoin then it his or her choice and if a person chooses not to then still their decision so let not say bitcoin investment is important.

And about your bolded sentence, you were on the right track about emergency funds being as a protection to our bitcoin investments but you still did said it isn’t important, which you are just making confusion.
Emergency funds is important but the main pillar of this journey is discretionary income that is emergency fund is important but not as much as discretionary income.

I hope this explanation was helpful.

[Baki202]

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.

People are still finding it hard to even tell the difference and they don't even know that it is important that the both of them are available and the fact that they serve different purposes means they are very important and is one of the descriptions and with this kind of analysis it should be easy for them to be able to live life because when you know how to use your money because when you earn one of the things that are suppose to be taking seriously will be for you to take your emergency funds and discretionary funds should be part of the plan when your income comes in then how to spend it should be on ground already.

And there people that even if you advice them to have discretionary funds and emergency funds they won't take it seriously but with time they would know how important it is and that way people will not take chances next time and that is why some people will always tell you that experience is the best teacher and it is true when you tell them they don't believe then they will learn the hard way after selling what they own.
 

[AYOBA]

And there people that even if you advice them to have discretionary funds and emergency funds they won't take it seriously but with time they would know how important it is and that way people will not take chances next time and that is why some people will always tell you that experience is the best teacher and it is true when you tell them they don't believe then they will learn the hard way after selling what they own.

I don’t know why people are getting this wrong, it’s not important to have emergency funds before starting Bitcoin investments but a lots are still never getting the facts about it. Bitcoin is a great asset that each an everyone can start with any amounts of money, not until he/she wait to get the discretionary fund or emergency fund before they can invest, because if that should be the case I’m sure that a lots will never be able to invest in the Bitcoin; we all know that learn and getting experience on the investments works is good, but not that it’s important to seek for emergency funds first we should stop confusing people that have interest to invest especially newbie’s.

[Grease5000]

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.

Starting to buy Bitcoin without discretionary income is actually a problem in the future, and it's probably not a good idea. But when you look at this as the ultimate goal, it leaves out a few important questions. For example, how regular is this money and how long can you hold on to it after investing?

Maybe you have $200 in discretionary income this month, but if your income drops next month, and you have to invest $100 and sell Bitcoin when you need it, then technically it's part of your discretionary income, but the plan wasn't sustainable.

@muba the second paragraph in your post totally contradict the idea you shared in the first. From your post I think that the  money your are talking about  wasn't truly discretionary in the first place. Because discretionary income is money you can save or invest without affecting your daily needs. In a situation  where you later have to sell your Bitcoin to cover normal expenses, then your budget needs to be adjusted, not the definition of discretionary income. The goal is to make the investment fit my finances, not force my finances to fit the investment.

[Glen Hoddle]

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.

Starting to buy Bitcoin without discretionary income is actually a problem in the future, and it's probably not a good idea. But when you look at this as the ultimate goal, it leaves out a few important questions. For example, how regular is this money and how long can you hold on to it after investing?

Maybe you have $200 in discretionary income this month, but if your income drops next month, and you have to invest $100 and sell Bitcoin when you need it, then technically it's part of your discretionary income, but the plan wasn't sustainable.

Bitcoin investment is a suitable income and should be maintained by Bitcoin no matter what the situation is. However, it should not be used for fixed amounts because you may not always have enough money, while the amount of money you have should be invested as it is, it is better to invest in Bitcoin for your family by leaving extra expenses.
This will reduce the likelihood of your Bitcoin investment facing danger in the future, and you can use this opportunity to create an opportunity to hold Bitcoin investment for the long term.

[Barikui1]

Bitcoin investment is a suitable income and should be maintained by Bitcoin no matter what the situation is. However, it should not be used for fixed amounts because you may not always have enough money, while the amount of money you have should be invested as it is, it is better to invest in Bitcoin for your family by leaving extra expenses.
This will reduce the likelihood of your Bitcoin investment facing danger in the future, and you can use this opportunity to create an opportunity to hold Bitcoin investment for the long term.

I am practically struggling to understand what you are trying to say properly, but to address that your statement I made bold, you need to understand that Bitcoin investment flourish well when you are investing from your discretionary income, which is the money that is left after all your basic needs have been met, but if you are saying that we should leave out some expenses  before investing, then it would only be a matter of time before you fall back to your Bitcoin investment, since all your basic needs have not been properly taken care of. So it's best to figure out your discretionary income first before investing with it, not by turning blind eye to a pressing basic needs because you want to cut out some expenses, it will later come back to hunt you and your investment.

[Stive009]

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.

Starting to buy Bitcoin without discretionary income is actually a problem in the future, and it's probably not a good idea. But when you look at this as the ultimate goal, it leaves out a few important questions. For example, how regular is this money and how long can you hold on to it after investing?

Maybe you have $200 in discretionary income this month, but if your income drops next month, and you have to invest $100 and sell Bitcoin when you need it, then technically it's part of your discretionary income, but the plan wasn't sustainable.

Bitcoin investment is a suitable income and should be maintained by Bitcoin no matter what the situation is. However, it should not be used for fixed amounts because you may not always have enough money, while the amount of money you have should be invested as it is, it is better to invest in Bitcoin for your family by leaving extra expenses.
This will reduce the likelihood of your Bitcoin investment facing danger in the future, and you can use this opportunity to create an opportunity to hold Bitcoin investment for the long term.

In my opinion, first of all Bitcoin is not a regular source of income. If you think that you will get a certain amount of money from it every month then you are wrong. It is a high-growth asset. It is not possible to get a certain cash flow or income from Bitcoin every month. So the idea of ​​​​holding on to it as a source of income is not realistic. It is basically a means of maintaining the value or purchasing power of your assets in the long term.
You said not to invest in a fixed amount because there is not always enough money. But the main beauty of the DCA strategy is that it brings you into a financial discipline. A fixed amount does not mean that you have to pour a very large amount every month. It can be a very small amount. But it has to be regular. When you have an irregular mindset of investing if you have money and not if you don't, most of the time you will see that you are investing at the wrong time due to market FOMO or panic.
You wrote that Bitcoin will not be in danger in the future if you exclude additional costs. But the real truth is that the way to keep Bitcoin safe is not Bitcoin itself but your liquid emergency fund. If you do not have a proper safety net and if you lock all your surplus money in Bitcoin without thinking about the future of your family then for any family or emergency need you will be forced to sell Bitcoin even at a loss. Understand your own ability and buy a little every month or week and keep that rule with a calm mind no matter how much the market fluctuates. The one who can survive by following this rule is more likely to win at the end of the day.

[WilliamCarter]

splitting discretionary income and emergency funds is the bedrock for any long-term play. get those two mixed up and u’ll be panic-selling when the market takes a dump, which is exactly how u break ur own framework. these aren't about hierarchy, they're just two insurance layers u need to keep running parallel. investing in btc should be about wealth preservation and growth, and the moment u’re forced to liquidate at a loss cuz u didn't have that cushion, ur whole strategy’s toast.

[Joeboy]

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.

Honestly that's totally incorrect. Fyi, discretionary income doesn't only come from an income source, it can proceed from a whole other source which aren't necessarily a source of income...For instance, A student who is still in high school could have discretionary income even though he or she dosen't have an actual source of income.. And the student in question could be generating discretionary income from allowance he receives from his parent/or benefactors.... He/she could also be getting discritionary income from savings or from the monetary gifts he /or she receives for a good performance at school..

[alankasman]

Bitcoin investment is a suitable income and should be maintained by Bitcoin no matter what the situation is. However, it should not be used for fixed amounts because you may not always have enough money, while the amount of money you have should be invested as it is, it is better to invest in Bitcoin for your family by leaving extra expenses.
This will reduce the likelihood of your Bitcoin investment facing danger in the future, and you can use this opportunity to create an opportunity to hold Bitcoin investment for the long term.

It's true, and it's better to avoid selling your existing funds if the situation is unfavorable. There will be times when Bitcoin investments experience financial problems. Therefore, in this case more knowledge is needed so that every decision we make won't become a major problem. I completely agree with your answer that it's better to refrain from selling when the position and situation are unfavorable. This illustrates the point that before starting a Bitcoin investment we must have sufficient knowledge so that we can restrain ourselves and protect the Bitcoin we've accumulated over the years.

Moreover, if we invest with a long-term pattern it is better if in order to be safer with the existing amount we have another job which is an alternative for us so that we do not fall into the decision to sell the existing amount and making sure to refrain from selling is a step or idea which is certainly very good for our future in owning assets even if it is only the amount of Bitcoin that we have.

[ZeroVinsonN]

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.

People should know that our discretionary income isn't meant only for buying bitcoin, people who tell themselves that buying bitcoin is the only purpose of the discretionary income are the ones who don't have a problem with saying that they can use their emergency fund to buy bitcoin because as far as they are concerned anything that has to do with their discretionary income is about bitcoin investment, they should know that aside from bitcoin investment there are other things you can use the discretionary income for.

[Kelward]

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.

Honestly that's totally incorrect. Fyi, discretionary income doesn't only come from an income source, it can proceed from a whole other source which aren't necessarily a source of income...For instance, A student who is still in high school could have discretionary income even though he or she dosen't have an actual source of income.. And the student in question could be generating discretionary income from allowance he receives from his parent/or benefactors.... He/she could also be getting discritionary income from savings or from the monetary gifts he /or she receives for a good performance at school..

However a Bitcoin investor generates discretionary funds either from income or gift doesn't change what it is that after deducting money for basic expenses what remains is discretionary funds and what a person decides to do with their discretionary funds is up to them. So a person can have discretionary funds without having a source of income, some students who doesn't work and they receive sufficient allowances can afford to have discretionary funds from where they can be accumulating Bitcoin.

As long as you continue to have discretionary funds whether you're working to earn it or you're gifted it you can invest in Bitcoin so Bitcoin investment is not specifically for people who earns money. I know dependants like students whose parents and guidance gives them sufficient allowances that is more than their basic needs, some of these young people spends the remaining balance from their basic needs (discretionary funds) on irrelevant things that doesn't add any values to them. If they are financially intelligent they will use some of that spare money from their allowances which is their discretionary funds to invest in Bitcoin. So clearly guys can have discretionary funds without working to earn it.

[Stive009]

Investing in Bitcoin is very important and more important than that is an emergency fund, because the emergency fund is the protection of your Bitcoin investment. However,this emergency fund is not very important. Those who give more importance to Bitcoin investment may forget about the importance of the wallet. Everything is more important, but among them, collecting the keys to the wallet is the most important because your future depends on your roof.

You first said that an emergency fund is more important than Bitcoin and then you said that it is not very important. The truth is, an emergency fund is extremely important. It is not optional. If you don’t have an emergency fund people are forced to sell their Bitcoin at any moment of need even if they lose money. So it is a safety net for your portfolio.
The last line is not exactly clear comparing the security of a wallet to the saying The future depends on the roof over your head is probably not clear. Perhaps you are metaphorically referring to the safe haven above your head. But to put it simply your Bitcoin future largely depends on your financial discipline and the security of cold storage.
In short I think you need three things in order to be successful in Bitcoin investing: first an emergency fund for everyday protection, second, DCA for long-term asset creation, and finally, maximum security of private keys for full ownership of those assets. It is almost impossible to succeed without any of these
 

[The Founding Titan]

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.

Honestly that's totally incorrect. Fyi, discretionary income doesn't only come from an income source, it can proceed from a whole other source which aren't necessarily a source of income...For instance, A student who is still in high school could have discretionary income even though he or she dosen't have an actual source of income.. And the student in question could be generating discretionary income from allowance he receives from his parent/or benefactors.... He/she could also be getting discritionary income from savings or from the monetary gifts he /or she receives for a good performance at school..

Do you have to be working first to get an income? What is being paid by the parents can be called an income in this situation and if that payment isn't coming in then the person can't generate discretionary income.
I understand your point though, you are classifying income as payment for the place of work whether it's private or you are working for someone else which also makes sense but that's not my point, my point is that in order for you to have money left behind after settling your essential needs you will need to get money first to settle those needs, if that money isn't coming in at all then you wouldn't have anything left behind.

[knowngunman]

Investing in Bitcoin is very important and more important than that is an emergency fund, because the emergency fund is the protection of your Bitcoin investment. However,this emergency fund is not very important. Those who give more importance to Bitcoin investment may forget about the importance of the wallet. Everything is more important, but among them, collecting the keys to the wallet is the most important because your future depends on your roof.

You are totally getting this wrong and also you are making confusion to yourself and others too. Investing in bitcoin isn’t something that is made mandatory on any single soul and investing in bitcoin is just choice. If a person decide to invest in bitcoin then it his or her choice and if a person chooses not to then still their decision so let not say bitcoin investment is important.

And about your bolded sentence, you were on the right track about emergency funds being as a protection to our bitcoin investments but you still did said it isn’t important, which you are just making confusion.
Emergency funds is important but the main pillar of this journey is discretionary income that is emergency fund is important but not as much as discretionary income.

I hope this explanation was helpful.

It took me time to understand what the user you quoted was saying until I read your post and relate it together. I'm disappointed because the user is a HERO Member and still getting everything wrong on bitcoin investment. Does it even make sense to say Bitcoin investment is more important than your emergency fund? Did even realise the importance of emergency funds in bitcoin investment? You need to invest with your discretionary funds and you need an emergency funds to keep your investment for long term without force selling to settle emergency cases that may come your way during the period of your investment. The only thing that make sense from that post is the key part.

[SPIDERMAN008]

splitting discretionary income and emergency funds is the bedrock for any long-term play. get those two mixed up and u’ll be panic-selling when the market takes a dump, which is exactly how u break ur own framework. these aren't about hierarchy, they're just two insurance layers u need to keep running parallel. investing in btc should be about wealth preservation and growth, and the moment u’re forced to liquidate at a loss cuz u didn't have that cushion, ur whole strategy’s toast.

Discretionary income is a fund to invest in Bitcoin. If a person generates discretionary income, it means that he has the ability to invest in Bitcoin. Since the mindset and plan to invest in Bitcoin should be done for a long time. It is better to have a minimum period of 4 to 10 years. If you do regular DCA in Bitcoin for such a long time, many types of personal financial problems can arise during this period. A backup fund has to be formed so that you are not forced to sell Bitcoin in that emergency moment. If you ask what is important here, the first thing that should be important is to start investing. And to start investing, you will need discretionary income. After that, when the question of protecting the investment comes up, the need for a backup fund . That's why you don't need to worry too much about a backup fund before you start investing in Bitcoin. If you think about the importance of building an emergency fund first, it will be too late to start investing in Bitcoin, resulting in a waste of both time and opportunity.

[KeenanEl19]

People should know that our discretionary income isn't meant only for buying bitcoin, people who tell themselves that buying bitcoin is the only purpose of the discretionary income are the ones who don't have a problem with saying that they can use their emergency fund to buy bitcoin because as far as they are concerned anything that has to do with their discretionary income is about bitcoin investment, they should know that aside from bitcoin investment there are other things you can use the discretionary income for.

discretionary income of course we can use for whatever we can afford, and for people who are wise in managing their finances they will use this discretionary income well as dividing it to be saved whether it is a reserve fund or emergency fund or even investment. A person who already has a fixed income certainly has discretionary income and is strongly advised to be able to use this discretionary income wisely.

In addition, we ourselves have other needs that must be considered as well as basic needs, paying bills or others. And it is true that you said this discretionary income is not only aimed at buying bitcoins. But the point is that it should be used as wisely as possible so that it does not become a wasted expense.

[johnsaributua]

---

discretionary income of course we can use for whatever we can afford, and for people who are wise in managing their finances they will use this discretionary income well as dividing it to be saved whether it is a reserve fund or emergency fund or even investment. A person who already has a fixed income certainly has discretionary income and is strongly advised to be able to use this discretionary income wisely.

This is certainly true, as not everyone can manage their finances well. This is why many people struggle to accumulate Bitcoin. Perhaps it's because of how they use it that they're always making mistakes. It's natural that many of us are still confused about where to use our discretionary income when we have discretionary income. If they understand or know how, I think they'll always be able to invest their discretionary income in their savings, even if it's in the form of BTC.

However, this right is for those who have prepared for their future by doing so. We can understand that not everyone can achieve success; the path they take is to use it wisely to reach the point they've achieved through investing and accumulating BTC for the future.

[impulse709]

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.

Starting to buy Bitcoin without discretionary income is actually a problem in the future, and it's probably not a good idea. But when you look at this as the ultimate goal, it leaves out a few important questions. For example, how regular is this money and how long can you hold on to it after investing?

Maybe you have $200 in discretionary income this month, but if your income drops next month, and you have to invest $100 and sell Bitcoin when you need it, then technically it's part of your discretionary income, but the plan wasn't sustainable.

Bitcoin investment is a suitable income and should be maintained by Bitcoin no matter what the situation is. However, it should not be used for fixed amounts because you may not always have enough money, while the amount of money you have should be invested as it is, it is better to invest in Bitcoin for your family by leaving extra expenses.
This will reduce the likelihood of your Bitcoin investment facing danger in the future, and you can use this opportunity to create an opportunity to hold Bitcoin investment for the long term.

I believe it's not so much what people do for a living, but how they do it. While a fixed income may make planning a little easier, a person does not need to have a regular income to have a long-term investment in Bitcoin. What is essential is that the investment is only from the real surplus funds and that the amount invested is flexible. One month purchasing more and the next month purchasing less and even omitting purchases is still in line with a long-term DCA approach. The worst thing is to make investments that have to be liquidated for necessary expense. It is more useful to have a strategy that will last from good to bad months than to seek a specific investment goal.