Buy Buy Buy or Sell Sell Sell?

[Obulis]

If a person wants to invest in Bitcoin, he must have the ability to take the most risk. If a low-income person invests in Bitcoin regularly, he will definitely be successful. Because there is a DCA method for him, if he buys Bitcoin between $ 5 and $ 50 every week and continues to buy Bitcoin regularly for a long time, there is no doubt that he will be able to create a large Bitcoin amount at the end of the next few years. Only if he has the ability to take the risk of buying Bitcoin, that person will be able to achieve success properly.

Only investors with a stable cash flow and a large level of discretionary funds can afford to buy Bitcoin regularly. For those with unstable incomes and limited discretionary funds, it will be very difficult to buy Bitcoin regularly, even though they might be able to work around it using any method, including the DCA method you suggested. We can see examples of several well-known investors today who continue to hold Bitcoin and buy it regularly at any market price. So we can use them as a good example to increase our confidence and enthusiasm in investing long term in Bitcoin because not everyone can survive like that in the long term, especially for people who are more easily tempted by small profits.

Saying that "only investors with stable income and large level discretionary funds can afford to buy Bitcoin regularly" is outrageous because it leave newbies without large level discretionary funds with fear if they can actually invest into Bitcoin.
To say, stable income is of different level for sure but saying large makes it something else. And to start with, if the approach is DCA oriented, whereby you get Bitcoin say weekly, missing one week purchase is not enough to say that an investor is not accumulating Bitcoin on a steady bases.
Since there's different level of discretionary funds per person per month even per week, what can only be the difference is the level of portfolio not about being steady or not as they can all be steady but difference in portfolios.

[Humblevirus]

To start investing, we only need $10 of discretionary income. To invest, we do not need a stable income or a large source of income. If a person can generate $10 of discretionary income after meeting all his personal expenses, then he can invest.

Along with investing, a person can create an emergency fund. For example, if a person has a discretionary income of $20, he can invest $12 and keep $5 in an emergency fund and keep $3 for additional expenses. If a person invests in this way, it will be very good for them. If there is no additional expense in a month or week, then he can invest the $3 kept for additional expenses if he wants.

Yes, I agree with your point that investing in Bitcoin doesn't necessarily mean that someone must have a stable source of income. There are some people who are contractors whose income is not stable but comes once in a while and when it comes, it usually comes in a large amount. It is only this kind of person that can invest in Bitcoin.But if you are the kind of person for whom it takes a long time to get even $20 in discretionary funds, then I don't think such a person needs to bother with investing in Bitcoin. It may become discouraging, because how much Bitcoin will they really be able to accumulate in the short term? It is even possible that the person may not be able to hold for the long term, especially if there is no increase in Bitcoin’s price.So, it would be better for this kind of person to first look for a stable source of income one stable enough that they can invest a reasonable amount from their discretionary funds, based on their salary or wages, and also be able to build an emergency fund

[Proty]

If a person wants to invest in Bitcoin, he must have the ability to take the most risk. If a low-income person invests in Bitcoin regularly, he will definitely be successful. Because there is a DCA method for him, if he buys Bitcoin between $ 5 and $ 50 every week and continues to buy Bitcoin regularly for a long time, there is no doubt that he will be able to create a large Bitcoin amount at the end of the next few years. Only if he has the ability to take the risk of buying Bitcoin, that person will be able to achieve success properly.

Only investors with a stable cash flow and a large level of discretionary funds can afford to buy Bitcoin regularly. For those with unstable incomes and limited discretionary funds, it will be very difficult to buy Bitcoin regularly, even though they might be able to work around it using any method, including the DCA method you suggested. We can see examples of several well-known investors today who continue to hold Bitcoin and buy it regularly at any market price. So we can use them as a good example to increase our confidence and enthusiasm in investing long term in Bitcoin because not everyone can survive like that in the long term, especially for people who are more easily tempted by small profits.

Saying that "only investors with stable income and large level discretionary funds can afford to buy Bitcoin regularly" is outrageous because it leave newbies without large level discretionary funds with fear if they can actually invest into Bitcoin.
To say, stable income is of different level for sure but saying large makes it something else. And to start with, if the approach is DCA oriented, whereby you get Bitcoin say weekly, missing one week purchase is not enough to say that an investor is not accumulating Bitcoin on a steady bases.
Since there's different level of discretionary funds per person per month even per week, what can only be the difference is the level of portfolio not about being steady or not as they can all be steady but difference in portfolios.

it is true because an investor doesn't need a stable source of income before they can start buying bitcoin or a large sum of money. With DCA strategy and investor especially low income earner can actually buy bitcoin without much having a large discretionary income.
I don't think if it is wrong for an investor that using DCA strategy to buy bitcoin if they decide to skip a week or months if there is available discretionary income to do so.

[Dickiy]

Saying that "only investors with stable income and large level discretionary funds can afford to buy Bitcoin regularly" is outrageous because it leave newbies without large level discretionary funds with fear if they can actually invest into Bitcoin.
To say, stable income is of different level for sure but saying large makes it something else. And to start with, if the approach is DCA oriented, whereby you get Bitcoin say weekly, missing one week purchase is not enough to say that an investor is not accumulating Bitcoin on a steady bases.
Since there's different level of discretionary funds per person per month even per week, what can only be the difference is the level of portfolio not about being steady or not as they can all be steady but difference in portfolios.

it is true because an investor doesn't need a stable source of income before they can start buying bitcoin or a large sum of money. With DCA strategy and investor especially low income earner can actually buy bitcoin without much having a large discretionary income.
I don't think if it is wrong for an investor that using DCA strategy to buy bitcoin if they decide to skip a week or months if there is available discretionary income to do so.

Yes, in essence, DCA makes it easier for everyone to participate in Bitcoin accumulation, especially those with low incomes. However, this is especially important if they have extra money that they won't use for living expenses.

This means that if their income is only sufficient for daily living expenses, they still won't be able to purchase Bitcoin even using the DCA strategy. Essentially, DCA makes it easier to participate, but it doesn't mean you have to force it. The key is to have a stable, ideal income.

[OmezMac]

This is the problem people have. They will not not want to buy when the price is low but later want to buy when the price is high. The safest coin to buy right now is bitcoin. If you buy it, it is better not to be checking your wallet balance in dollars. Just leave the coin and be expecting bitcoin to get to $100000. Because the price is falling, some people will panic and sell just like what happened yesterday. Do not do that. Do not sell if you buy even now.

I just saw your post from a year ago now about your prediction on Bitcoin going to $100000 and I must say you saw the future tho it's at $93000 now and I think selling Bitcoin now is gonna be a big loss, so it's best to hold for the next 10 years

[Stormisover]

Saying that "only investors with stable income and large level discretionary funds can afford to buy Bitcoin regularly" is outrageous because it leave newbies without large level discretionary funds with fear if they can actually invest into Bitcoin.
To say, stable income is of different level for sure but saying large makes it something else. And to start with, if the approach is DCA oriented, whereby you get Bitcoin say weekly, missing one week purchase is not enough to say that an investor is not accumulating Bitcoin on a steady bases.
Since there's different level of discretionary funds per person per month even per week, what can only be the difference is the level of portfolio not about being steady or not as they can all be steady but difference in portfolios.

it is true because an investor doesn't need a stable source of income before they can start buying bitcoin or a large sum of money. With DCA strategy and investor especially low income earner can actually buy bitcoin without much having a large discretionary income.
I don't think if it is wrong for an investor that using DCA strategy to buy bitcoin if they decide to skip a week or months if there is available discretionary income to do so.

Yes, in essence, DCA makes it easier for everyone to participate in Bitcoin accumulation, especially those with low incomes. However, this is especially important if they have extra money that they won't use for living expenses.

This means that if their income is only sufficient for daily living expenses, they still won't be able to purchase Bitcoin even using the DCA strategy. Essentially, DCA makes it easier to participate, but it doesn't mean you have to force it. The key is to have a stable, ideal income.

The key is the availability of a discretionary income to invest with and not just about having a stable ideal income, having a stable income is good no doubt about it but there must be a discretionary income out of it for investing, alot of people have this stable income but unable to figure out their discretionary income, no one has to force their investment the idea is to invest conveniently without any form of pressure even with the DCA you have to invest only when you have a discretionary income and when you don't have you don't invest but only invest when you have and that doesn't mean it is not DCA.

[Sonia_123]

. Therefore, before investing, you first need a strong income source,

No i disapprove of this statement here bro, you must not have a strong income source before you invest and start your Bitcoin accumulation journey, what you just need is a discretionary income and the basic knowledge to start, because their are so many guys out there that has a source of income or an income source but still can't figure out their discretionary income, so discretionary income is the key funds needed to start, not by having income source, even though it's also important.
Additional, a Bitcoin investor needs to understand that the size of his stash is what's going to determine how profitable and successful he might be in the future, that is why constant accumulation is important, so as to build a good stash that can change his financial status forever.

I totally agree with you, most times some people feel or think what they need is a steady or stable source of income and a huge amount of money but in reality and actual sense it doesn't work that way. What is needed to start Bitcoin investment is just our leftover funds that is the money that remains after all necessary needs have been taken care of and the leftover funds or money is also the same funds we figure out our emergency funds from

If a person wants to invest in Bitcoin, he must have the ability to take the most risk. If a low-income person invests in Bitcoin regularly, he will definitely be successful. Because there is a DCA method for him, if he buys Bitcoin between $ 5 and $ 50 every week and continues to buy Bitcoin regularly for a long time, there is no doubt that he will be able to create a large Bitcoin amount at the end of the next few years. Only if he has the ability to take the risk of buying Bitcoin, that person will be able to achieve success properly.

If we should discuss normally about investing in any business outside Bitcoin you will understand that risks is also associated in every investments you might find ourselves doing, so i don't  understand the reason why some folks have not understand that for you to succeed in Bitcoin investments one must be a risk and patient beare, and which DCA strategy has reduced the availability of risky in Bitcoin and encourage investors to be buying Bitcoin in a smaller quietity.

Risk is inherent in every case, this risk will never end, and there is no investment without risk. Therefore, risk must always be accepted as normal, where is the risk of Bitcoin investment, how much is its risk, you have to invest after understanding all these. You have to take the risk and only after that you will get the opportunity to succeed, understand the risk without denying it, and use the time patiently, even if there is risk, there is also the possibility of success, and you have to try to remove that risk with management and achieve that success.

In addition, the life is all about risk and only the risk takers are always successful and wealthy, and bitcoin investment even makes it easier for those interested in investing, to me I don't see much risk in it, in as much as it is your discretionary income ( money that means nothing to you when misplaced, used for unnecessary things or lost forever) you are now converting it to be useful and profitable to  you in future, and you say it is risky accumulating and holding for a long-term using a simple and stress less strategy of dca to invest,. instead I see bitcoin investment as a plus to my finance.

[yixichloro2xx]

To start investing, we only need $10 of discretionary income. To invest, we do not need a stable income or a large source of income. If a person can generate $10 of discretionary income after meeting all his personal expenses, then he can invest.

Along with investing, a person can create an emergency fund. For example, if a person has a discretionary income of $20, he can invest $12 and keep $5 in an emergency fund and keep $3 for additional expenses. If a person invests in this way, it will be very good for them. If there is no additional expense in a month or week, then he can invest the $3 kept for additional expenses if he wants.

Yes, I agree with your point that investing in Bitcoin doesn't necessarily mean that someone must have a stable source of income. There are some people who are contractors whose income is not stable but comes once in a while and when it comes, it usually comes in a large amount. It is only this kind of person that can invest in Bitcoin.But if you are the kind of person for whom it takes a long time to get even $20 in discretionary funds, then I don't think such a person needs to bother with investing in Bitcoin. It may become discouraging, because how much Bitcoin will they really be able to accumulate in the short term? It is even possible that the person may not be able to hold for the long term, especially if there is no increase in Bitcoin’s price.So, it would be better for this kind of person to first look for a stable source of income one stable enough that they can invest a reasonable amount from their discretionary funds, based on their salary or wages, and also be able to build an emergency fund

Like in my  country average people earn $50 monthly salary  which is very very low due to poor system of government. I don't expect that kind of person to  have a DCA funds from that kind of low salary. So investing in Bitcoin becomes very hard for them because they are alot of expenses that they need to cover. Most average people in my country finds it hard to invest, still one of the reasons why most  people in  Africa are unable to invest in Bitcoin and are still backwards in terms of Bitcoin adoption.

[JayJuanGee]

I totally agree with you, most times some people feel or think what they need is a steady or stable source of income and a huge amount of money but in reality and actual sense it doesn't work that way. What is needed to start Bitcoin investment is just our leftover funds that is the money that remains after all necessary needs have been taken care of and the leftover funds or money is also the same funds we figure out our emergency funds from

To start investing, we only need $10 of discretionary income. To invest, we do not need a stable income or a large source of income. If a person can generate $10 of discretionary income after meeting all his personal expenses, then he can invest.

Along with investing, a person can create an emergency fund. For example, if a person has a discretionary income of $20, he can invest $12 and keep $5 in an emergency fund and keep $3 for additional expenses. If a person invests in this way, it will be very good for them. If there is no additional expense in a month or week, then he can invest the $3 kept for additional expenses if he wants.

YYou are making it sound like everyone life is the same and that they should all follow the same pattern of investing. Everyone earn differently, spend differently, so there is no point of you recommending that everyone should follow the same path....Well it doesn't work like that at all....The way someone should invest should depend on their level of conviction and the size of their discretionary income, and not some fixed pattern of $12, $10, $5 or even $3.... And overtime, if the guy gets convinced enough to invest $100 at a stretch, and his discretionary income supports it, then he can go ahead.  And the more his conviction and level of discretionary income grows, the more he can begin increasing his investment size.

Even though there may well be faults within the numbers that guys provide as hypotheticals, it tends to be helpful for guys to provide numbers as examples in order that we can better understand what they are saying, even if we disagree with some of the points that they are making, and surely sometimes the numbers will help to show the extent to which a guy is being realistic.

Personally, I think that it can be problematic to suggest that a guy starts out investing at a certain weekly (or monthly) rate, and then to just presume that everything is fine with those numbers, and sure it is one thing to get started, and it is another thing for a guy to keep on building week after week after week, and surely any guy who is attempting to explore these kinds of sustainability matters is likely going to come to realize that many guys who are working with small numbers, they are going to likely have difficulties being consistent with their bitcoin investment, so hopefully, once they get started investing, they are ongoingly thinking about ways to both increasingly build their bitcoin investment and also to ongoingly protect their bitcoin investment by building and retaining back up funds. 

Many times, if guys are seriously investing into bitcoin, they are also going to be exploring if there might be ways that they can increase their discretionary income by increasing their income and/or cutting their expenses, and surely if they are not ongoingly trying to improve their bitcoin investment and protection of their bitcoin investment, then they may well be thinking a bout their bitcoin as a trade rather than as an investment that is going to last 4-10 years or longer.. and many guys should be thinking about 10 years or longer for their bitcoin investment, unless they have some age or health issue that might contribute to their needing to think about their bitcoin investment within a timeline that is less than 10 years.

[suhadi88]

Many times, if guys are seriously investing into bitcoin, they are also going to be exploring if there might be ways that they can increase their discretionary income by increasing their income and/or cutting their expenses, and surely if they are not ongoingly trying to improve their bitcoin investment and protection of their bitcoin investment, then they may well be thinking a bout their bitcoin as a trade rather than as an investment that is going to last 4-10 years or longer.. and many guys should be thinking about 10 years or longer for their bitcoin investment, unless they have some age or health issue that might contribute to their needing to think about their bitcoin investment within a timeline that is less than 10 years.

I think the problem is exacerbated when early-stage investors assume that the act of starting equates to the ability to continue.

Yes. Psychological comfort is always changing. Financial obligations fluctuate, emotional states fluctuate, and even beliefs fluctuate. Therefore, sustainable accumulation is not a matter of mathematical commitment, but rather a function of adaptation, and adaptation requires both financial and emotional margin.

Maybe, many people may still not fully understand how significant a contribution your disbursed funds make to long-term holdings, and this is why your emphasis on discretionary income and long-term expansion is so important, as the starting point will always be uncertain.

[JayJuanGee]

Many times, if guys are seriously investing into bitcoin, they are also going to be exploring if there might be ways that they can increase their discretionary income by increasing their income and/or cutting their expenses, and surely if they are not ongoingly trying to improve their bitcoin investment and protection of their bitcoin investment, then they may well be thinking a bout their bitcoin as a trade rather than as an investment that is going to last 4-10 years or longer.. and many guys should be thinking about 10 years or longer for their bitcoin investment, unless they have some age or health issue that might contribute to their needing to think about their bitcoin investment within a timeline that is less than 10 years.

I think the problem is exacerbated when early-stage investors assume that the act of starting equates to the ability to continue.

Yes. Psychological comfort is always changing. Financial obligations fluctuate, emotional states fluctuate, and even beliefs fluctuate. Therefore, sustainable accumulation is not a matter of mathematical commitment, but rather a function of adaptation, and adaptation requires both financial and emotional margin.

Maybe, many people may still not fully understand how significant a contribution your disbursed funds make to long-term holdings, and this is why your emphasis on discretionary income and long-term expansion is so important, as the starting point will always be uncertain.

Sure it is better if the investment is every single week, even a small amount such as $100 or even $10 or whatever might be in the budget (the discretionary funds for each week). 

I am not even proclaiming that it has to be consistent, even though historically ongoing stacking of bitcoin had ended up paying off.

I did a quickie look at your posting history suhadi88, and surely you would have had likely been quite well off from even a modest ongoing investment into bitcoin, even as little as $30 per week over the past 8.5 years (since July 2017) would have gotten you to 1 BTC by now with 13k invested over those 8.5 years and so your average cost per coin would have been around $13k by investing on a regular basis over the past 8.5 years.

So the amount does not need to be big, and sure it is better if the investment is persistent and consistent in order to dedicate priority towards bitcoin investing, even though we know that many times guys will have inconsistencies in their cashflows (their income and/or their expenses), but if they are trying to prioritize bitcoin investing, then they can consciously set some money aside each week for buying bitcoin... and hopefully put themselves in a better position further down the road (even though not guaranteed, either. .so a guy puts in as much as he can afford to lose and from his discretionary funds with a realization that the money is going to be locked up for 4-10 years or longer).

[Different patterns]

To start investing, we only need $10 of discretionary income. To invest, we do not need a stable income or a large source of income. If a person can generate $10 of discretionary income after meeting all his personal expenses, then he can invest.

Along with investing, a person can create an emergency fund. For example, if a person has a discretionary income of $20, he can invest $12 and keep $5 in an emergency fund and keep $3 for additional expenses. If a person invests in this way, it will be very good for them. If there is no additional expense in a month or week, then he can invest the $3 kept for additional expenses if he wants.

Yes, I agree with your point that investing in Bitcoin doesn't necessarily mean that someone must have a stable source of income. There are some people who are contractors whose income is not stable but comes once in a while and when it comes, it usually comes in a large amount. It is only this kind of person that can invest in Bitcoin.But if you are the kind of person for whom it takes a long time to get even $20 in discretionary funds, then I don't think such a person needs to bother with investing in Bitcoin. It may become discouraging, because how much Bitcoin will they really be able to accumulate in the short term? It is even possible that the person may not be able to hold for the long term, especially if there is no increase in Bitcoin’s price.So, it would be better for this kind of person to first look for a stable source of income one stable enough that they can invest a reasonable amount from their discretionary funds, based on their salary or wages, and also be able to build an emergency fund

You have a point, but for bitcoin investment, when someone made up is mind and decide to invest in bitcoin, what really make the investment to move forward is stable income,  because once you have stable sources the investment becomes easier to set aside a reasonable amount regularly without causing any problems to your daily activities or life, it also reduce the chance of fear to sell your bitcoin investment whenever the price drops, because you are not depending on that money to survive, so to have a stable sources is very necessary, is part of bitcoin investment before thinking of any other things, because bitcoin is a long term investment that has to do with patience and consistency, if your sources is not strong how will the person meet up with basic needs?  Whenever the person have a emergency, That may put unnecessary pressure that you don't even expect.

But, bitcoin investment often works, when your sources of income is stable income, emergency funds and no any pressure on money you invest, that can help you to hold for long term and also benefit from bitcoin without any stress.

[Barikui1]

what really make the investment to move forward is stable income,  because once you have stable sources the investment becomes easier to set aside a reasonable amount regularly without causing any problems to your daily activities or life,

No, you are getting it all wrong here bro, for continuous accumulation of Bitcoin, you need a discretionary, not a stable income, because their are several guys that have a stable income but still can't figure out their discretionary income, so having a stable source of income does not guarantee a discretionary income to invest with.

But, bitcoin investment often works, when your sources of income is stable income, emergency funds and no any pressure on money you invest, that can help you to hold for long term and also benefit from bitcoin without any stress.

Truly, investment in Bitcoin is made a lot easier when you are not doing it with pressure from anywhere, this is why it should only be done with your discretionary income, because that's the only way you invest without being under any pressure, since you are doing it with a money you can afford to lose, and it's through that your discretionary income you set aside your emergency funds, so as to safeguard your Bitcoin investment on the rainy days.

[khiholangkang]

what really make the investment to move forward is stable income,  because once you have stable sources the investment becomes easier to set aside a reasonable amount regularly without causing any problems to your daily activities or life,

No, you are getting it all wrong here bro, for continuous accumulation of Bitcoin, you need a discretionary, not a stable income, because their are several guys that have a stable income but still can't figure out their discretionary income, so having a stable source of income does not guarantee a discretionary income to invest with.

I don't understand the correlation of flexible income that you mean in bitcoin accumulation, but I read a little that the understanding is not far from dynamic expenses and income that are adjusted to the conditions you experience, but I think the most important thing in bitcoin investment is that you only need to have more income than the value of your needs, whether you call it fixed income, flexible income or something else that is certain there is residual income that you can allocate to accumulate bitcoin.

But, bitcoin investment often works, when your sources of income is stable income, emergency funds and no any pressure on money you invest, that can help you to hold for long term and also benefit from bitcoin without any stress.

Truly, investment in Bitcoin is made a lot easier when you are not doing it with pressure from anywhere, this is why it should only be done with your discretionary income, because that's the only way you invest without being under any pressure, since you are doing it with a money you can afford to lose, and it's through that your discretionary income you set aside your emergency funds, so as to safeguard your Bitcoin investment on the rainy days.

I strongly doubt that “the money you are ready to lose” in your sentence is not correct because if you don't sell the bitcoin you bought and the latest price is lower than your purchase price then you don't have to call it a loss because you haven't realized your loss, the right thing is that if you have good money management then you will get peace of mind in investing in bitcoin in the midst of market turmoil or there are unexpected needs that can be anticipated by emergency funds without selling your bitcoin.

[maknyos]

what really make the investment to move forward is stable income,  because once you have stable sources the investment becomes easier to set aside a reasonable amount regularly without causing any problems to your daily activities or life,

No, you are getting it all wrong here bro, for continuous accumulation of Bitcoin, you need a discretionary, not a stable income, because their are several guys that have a stable income but still can't figure out their discretionary income, so having a stable source of income does not guarantee a discretionary income to invest with.

I don't understand the correlation of flexible income that you mean in bitcoin accumulation, but I read a little that the understanding is not far from dynamic expenses and income that are adjusted to the conditions you experience, but I think the most important thing in bitcoin investment is that you only need to have more income than the value of your needs, whether you call it fixed income, flexible income or something else that is certain there is residual income that you can allocate to accumulate bitcoin.

This makes more sense, because if we have a fixed or flexible income, but it's only enough to cover our needs, we won't be able to invest freely. So, we need to ensure we have enough income to cover all our needs, with some left over to allocate for investments and set aside as an emergency fund.
And what we most commonly recommend is having income from multiple sources, which we usually call discretionary income. We calculate how much we need, and from there, we can create a more mature investment plan, meaning that in the future, we won't have to disrupt our investments due to urgent needs.

[Barikui1]

I don't understand the correlation of flexible income that you mean in bitcoin accumulation,

Are you sure you are quoting the right person?
Because am a bit surprised that you are misunderstanding me or interpreting my write up in a totally different meaning.
 

I strongly doubt that “the money you are ready to lose” in your sentence is not correct because if you don't sell the bitcoin you bought and the latest price is lower than your purchase price then you don't have to call it a loss because you haven't realized your loss, the right thing is that if you have good money management then you will get peace of mind in investing in bitcoin in the midst of market turmoil or there are unexpected needs that can be anticipated by emergency funds without selling your bitcoin.

Here you go again, how does this statement of yours get to do who this my write up?

investment in Bitcoin is made a lot easier when you are not doing it with pressure from anywhere, this is why it should only be done with your discretionary income, because that's the only way you invest without being under any pressure, since you are doing it with a money you can afford to lose, and it's through that your discretionary income you set aside your emergency funds, so as to safeguard your Bitcoin investment on the rainy days.

[Graph001]

what really make the investment to move forward is stable income,  because once you have stable sources the investment becomes easier to set aside a reasonable amount regularly without causing any problems to your daily activities or life,

No, you are getting it all wrong here bro, for continuous accumulation of Bitcoin, you need a discretionary, not a stable income, because their are several guys that have a stable income but still can't figure out their discretionary income, so having a stable source of income does not guarantee a discretionary income to invest with.

I don't understand the correlation of flexible income that you mean in bitcoin accumulation, but I read a little that the understanding is not far from dynamic expenses and income that are adjusted to the conditions you experience, but I think the most important thing in bitcoin investment is that you only need to have more income than the value of your needs, whether you call it fixed income, flexible income or something else that is certain there is residual income that you can allocate to accumulate bitcoin.

What you are saying is right but the type of your income and managing it accordingly is also important. If your income is flexible, it will be a challenge for your planning. Since our needs and circumstances keep changing in life, unexpected expenses can destroy your savings. Even if you have some money left, your investments can be affected by sudden medical expenses or repairs or family emergencies. If you want to invest, you need to be careful about your financial management as well as your remaining income. Although Bitcoin investment is not that complicated, you can invest from there if there is any left after meeting all the needs of you and your family. But the thing is, if your income is flexible or if your financial management is not right, then your investments can be hampered due to unexpected situations in life. So if you want to continue investing comfortably without hindering the needs of yourself and your family, then it is really very important for you to have a stable income and financial management.

[Sim_card]

You have a point, but for bitcoin investment, when someone made up is mind and decide to invest in bitcoin, what really make the investment to move forward is stable income,  because once you have stable sources the investment becomes easier to set aside a reasonable amount regularly without causing any problems to your daily activities or life, it also reduce the chance of fear to sell your bitcoin investment whenever the price drops, because you are not depending on that money to survive, so to have a stable sources is very necessary, is part of bitcoin investment before thinking of any other things, because bitcoin is a long term investment that has to do with patience and consistency, if your sources is not strong how will the person meet up with basic needs?  Whenever the person have a emergency, That may put unnecessary pressure that you don't even expect.

But, bitcoin investment often works, when your sources of income is stable income, emergency funds and no any pressure on money you invest, that can help you to hold for long term and also benefit from bitcoin without any stress.

You don't need a stable income to get started, neither do you need a stable income to keep your bitcoin investment ongoing. What you need is a discretionary income to start your bitcoin investment and a regular discretionary income to keep your bitcoin accumulation ongoing. Discretionary income is the extra cash that you can use to do whatever you like without it affecting your standard of living.

There are some folks that have stable income but have no discretionary income because their income is smaller to meet up with basic needs and monthly expenses. If you don't have a regular discretionary, you can invest whenever, your discretionary income is ready and gradually work on improving your income by getting a second job or learning a skill which you can use to generate more money so that you can have a regular discretionary income and keep your bitcoin accumulation ongoing with DCA.

A lot of new investors misunderstand what's required to start investing in bitcoin. Some of them have discretionary income but they think that's it's only when they have a stable job that they can start investing which is wrong.

[Omj1014]

. Therefore, before investing, you first need a strong income source,

No i disapprove of this statement here bro, you must not have a strong income source before you invest and start your Bitcoin accumulation journey, what you just need is a discretionary income and the basic knowledge to start, because their are so many guys out there that has a source of income or an income source but still can't figure out their discretionary income, so discretionary income is the key funds needed to start, not by having income source, even though it's also important.
Additional, a Bitcoin investor needs to understand that the size of his stash is what's going to determine how profitable and successful he might be in the future, that is why constant accumulation is important, so as to build a good stash that can change his financial status forever.

I totally agree with you, most times some people feel or think what they need is a steady or stable source of income and a huge amount of money but in reality and actual sense it doesn't work that way. What is needed to start Bitcoin investment is just our leftover funds that is the money that remains after all necessary needs have been taken care of and the leftover funds or money is also the same funds we figure out our emergency funds from

If a person wants to invest in Bitcoin, he must have the ability to take the most risk. If a low-income person invests in Bitcoin regularly, he will definitely be successful. Because there is a DCA method for him, if he buys Bitcoin between $ 5 and $ 50 every week and continues to buy Bitcoin regularly for a long time, there is no doubt that he will be able to create a large Bitcoin amount at the end of the next few years. Only if he has the ability to take the risk of buying Bitcoin, that person will be able to achieve success properly.

I don't know the most risk you mean but bitcoin investment is a risky just as other investment that's why we are not sure or guarantee of been successfull, saying that if a low income earner invest in BTC regularly that will definitely be successful indicates that you are sure and certain of what you are talking about, well this might wrong as bitcoin investment doesn't guarantee us any success even when we buy and hodl for long. It's true that if we buy bitcoin regularly that will get a good amount of BTC but we don't know or sure of is if bitcoin will yield us profit or loss because this two things are involved when investing in bitcoin and not only success is guaranteed we can also loss.

We all know that investing in btc or any kind of investment can go both ways, but as investors we have to always look for a way to reduce our loss percentage, and I think the best way is the DCA method, this method is best for all categories of earners both low and high

[Taskford]

You have a point, but for bitcoin investment, when someone made up is mind and decide to invest in bitcoin, what really make the investment to move forward is stable income,  because once you have stable sources the investment becomes easier to set aside a reasonable amount regularly without causing any problems to your daily activities or life, it also reduce the chance of fear to sell your bitcoin investment whenever the price drops, because you are not depending on that money to survive, so to have a stable sources is very necessary, is part of bitcoin investment before thinking of any other things, because bitcoin is a long term investment that has to do with patience and consistency, if your sources is not strong how will the person meet up with basic needs?  Whenever the person have a emergency, That may put unnecessary pressure that you don't even expect.

But, bitcoin investment often works, when your sources of income is stable income, emergency funds and no any pressure on money you invest, that can help you to hold for long term and also benefit from bitcoin without any stress.

You don't need a stable income to get started, neither do you need a stable income to keep your bitcoin investment ongoing. What you need is a discretionary income to start your bitcoin investment and a regular discretionary income to keep your bitcoin accumulation ongoing. Discretionary income is the extra cash that you can use to do whatever you like without it affecting your standard of living.

There are some folks that have stable income but have no discretionary income because their income is smaller to meet up with basic needs and monthly expenses. If you don't have a regular discretionary, you can invest whenever, your discretionary income is ready and gradually work on improving your income by getting a second job or learning a skill which you can use to generate more money so that you can have a regular discretionary income and keep your bitcoin accumulation ongoing with DCA.

A lot of new investors misunderstand what's required to start investing in bitcoin. Some of them have discretionary income but they think that's it's only when they have a stable job that they can start investing which is wrong.

This is common misconception of people that they really need to have stable income to start. But actually what they need is money they can afford to spend and everything will follow. For sure that they won't let their selves starve so they provably find opportunities outside or even online to get decent amount of income. So those extra funds or discretionary income left is good to use for investment matters.

The problem is lots of people don't have discretionary income since they messed a lot with their spending habits. They didn't have proper financial management that's why they suffer and hard to cater up other things like investment matters. They can avoid getting issue if they just pay attention on their start up and don't get stress on other distraction or misleading opinions.

Also to avoid getting to much issues much better if they live according to their means. Then focus for growth by having investment since once they put money on great assets like Bitcoin there's provably good chance that they can earn good results.