Buy Buy Buy or Sell Sell Sell?

[Grace333]

What is required to begin Bitcoin investment is discretionary income, which is not necessarily a reliable source of income. Whether you are a rookie or not, you must have discretionary income to begin investing in Bitcoin.Some people do not receive salaries or wages, but the money they receive after a few months or at the end of the year exceeds what some people make over five years. This type of person can begin their Bitcoin investment as soon as they have discretionary funds.

I agree with you because when someone invests in Bitcoin, they need a discretionary income. Because it is foolish to invest in Bitcoin with money saved for urgent needs like education, medical care, future for children. And the person who started the thread asked in March 2024 if it is worth buying Bitcoin now! Buying and selling Bitcoin is entirely up to you, currently Bitcoin is in a bear market.The good thing for those who invest in the DCA method is that if the price of Bitcoin drops, they will have an opportunity to buy and hold Bitcoin. Because the price of Bitcoin will increase a lot!

DCA gives you the opportunity to buy Bitcoin at a low price. But its purpose is not to buy at a low price or to buy Bitcoin at an average price and hold it. All these things are the good side of DCA. DCA basically helps the investor to act as a correct way to buy Bitcoin consistently. Because in the case of volatile assets like Bitcoin, DCA is the best way to do it with regular discretionary income. Having a backup fund can help reduce the financial and mental stress of the investor a lot.

The key principle there is investing from your discretionary income irrespective of the strategy you're making use of but DCA is highly recommended because it blends in to all categories of investors financial condition. But then not everyone invest small amount using the DCA strategy. For instance if a folk who has no bitcoin investment happens to have a lot of cash and wishes to invest in bitcoin, his DCA input might be very different from the average man who works 9 to 5 with barely enough discretionary income.

[Sulegzy39]

Not having a Stable source of income  shouldn't stop anyone from starting to accumulate bitcoin because it is possible to start accumulating bitcoin even without a stable source of income provided the discretionionary income is available to do so. Therefore, the most important thing is having a discretionionary income to invest with. An investor can be accumulating bitcoin and work towards stablisng there source of income

Investors who don't have a stable source of income will find it difficult to maintain their investments long-term. If they experience financial difficulties, they will likely sacrifice their existing investments. Therefore, every investor is strongly advised to have a stable income to maintain their existing investments and increase their own investments over time. This is not only about being able to spend with the money, but also about holding it for a long period of time once the money is used to spend Bitcoin as an investment.

Dude stable source of income is not compulsory in Bitcoin investment though it may be very good but it is not compulsory as long as you can get your discrestionary income and also keep your emergency funds in case of any challenge. A wise investor and one who is prepared will never sell their investment because of complications in their source of income because they ought to have planned out everything in a way that won't drive them to selling.

Your reasoning is accurate for those who have been involved with Bitcoin for a long time and have extensive knowledge of it, but not for newcomers who are starting from scratch. To a non-coiner or newcomer, I advocate establishing a consistent source of income before commencing on Bitcoin acquisition. For example, if a newcomer is inspired by the lifestyle of an influencer or someone close to them who has been in Bitcoin for years and wants to start amassing bitcoin but does not have a consistent source of income. If he sees your response and follows your instructions, it will only be a matter of time before he begins withdrawing funds from his small bitcoin stash.

[Primark]

Not having a Stable source of income  shouldn't stop anyone from starting to accumulate bitcoin because it is possible to start accumulating bitcoin even without a stable source of income provided the discretionionary income is available to do so. Therefore, the most important thing is having a discretionionary income to invest with. An investor can be accumulating bitcoin and work towards stablisng there source of income

Investors who don't have a stable source of income will find it difficult to maintain their investments long-term. If they experience financial difficulties, they will likely sacrifice their existing investments. Therefore, every investor is strongly advised to have a stable income to maintain their existing investments and increase their own investments over time. This is not only about being able to spend with the money, but also about holding it for a long period of time once the money is used to spend Bitcoin as an investment.

Dude stable source of income is not compulsory in Bitcoin investment though it may be very good but it is not compulsory as long as you can get your discrestionary income and also keep your emergency funds in case of any challenge. A wise investor and one who is prepared will never sell their investment because of complications in their source of income because they ought to have planned out everything in a way that won't drive them to selling.

Your reasoning is accurate for those who have been involved with Bitcoin for a long time and have extensive knowledge of it, but not for newcomers who are starting from scratch. To a non-coiner or newcomer, I advocate establishing a consistent source of income before commencing on Bitcoin acquisition.

But why delay our investment just to find a source of income?

If we have discretionary income and we already have an emergency fund built up for any adversity, then we should not wait until we have created a source of income. Rather, I think it would be better to invest because we will have more time to HODL. Therefore, I think that if we already have discretionary money, we can invest and look for income at the same time.

[BluebloodCXVI]

But why delay our investment just to find a source of income?

If we have discretionary income and we already have an emergency fund built up for any adversity, then we should not wait until we have created a source of income. Rather, I think it would be better to invest because we will have more time to HODL. Therefore, I think that if we already have discretionary money, we can invest and look for income at the same time.

Did you even read what you wrote ,how can you invest with discretionary income when you don’t have a source of income ,how does that make sense to you ?. Discretionary income is what is left after expenses have been sorted out from a consistent inflow of money, so if there’s no reliable source of income then you can’t have discretionary income and again ,investing without a source of income increase your chances of interrupting your strategy and this might force you to sell early.

[Kelward]

But why delay our investment just to find a source of income?

If we have discretionary income and we already have an emergency fund built up for any adversity, then we should not wait until we have created a source of income. Rather, I think it would be better to invest because we will have more time to HODL. Therefore, I think that if we already have discretionary money, we can invest and look for income at the same time.

Did you even read what you wrote ,how can you invest with discretionary income when you don’t have a source of income ,how does that make sense to you ?. Discretionary income is what is left after expenses have been sorted out from a consistent inflow of money, so if there’s no reliable source of income then you can’t have discretionary income and again ,investing without a source of income increase your chances of interrupting your strategy and this might force you to sell early.

You need a steady source of income to be able to sustain and be consistent in your DCA strategy, without money you cannot afford to do Bitcoin long term investment so income comes before investment. If your income reduces you don't have to stop Bitcoin investment you can adjust the amount that you use to DCA, as long as you can afford a discretionary fund from your income you can afford to buy Bitcoin, it doesn't matter if it's $15 to $20.

When your income increases you can increase your DCA allocation, the amount doesn't have to be the same throughout one year, you can use your discretion to know how much is convenient to buy with everytime you want to accumulate. Our financial obligations and priorities can change and if it does you can reshuffle your hierarchy of wants in your discretionary fund either to increase or reduce amount of accumulation. What matters in DCA strategy is consistency.

[Qhunman]

I disagree with you, you should have a source of income but not necessarily a stable source of income, as long as you can identify to having discretionary income from your inflow, then you are ready to start investing. If you don't have a source of income, how then do you get discretionary income to invest into bitcoin and build out backup funds and where do you get the cashflow to remain consistent if there is no source of it.

Having a source of income is an important factor in order to keep having the discretionary income to remain invested into bitcoin for longer and be able to build your backup funds simultaneously in order to have a smooth bitcoin investment journey

Joy maker is right, you do not need a source of income before getting started, you can start with your discretional fund. It is not necessary that you must be working before you can generate a discretionary income.  for example, there folks with rich parents who send them weekly money for their upkeeps. The leftover income after all necessary expenses has been met for that week is discretionary which can be invested in bitcoin weekly. My point is you must not wait until you have a source of income before investing in bitcoin you can invest with what is available and secure a source of income later

[Sticky Bomb]

But why delay our investment just to find a source of income?

If we have discretionary income and we already have an emergency fund built up for any adversity, then we should not wait until we have created a source of income. Rather, I think it would be better to invest because we will have more time to HODL. Therefore, I think that if we already have discretionary money, we can invest and look for income at the same time.

Did you even read what you wrote ,how can you invest with discretionary income when you don’t have a source of income ,how does that make sense to you ?. Discretionary income is what is left after expenses have been sorted out from a consistent inflow of money, so if there’s no reliable source of income then you can’t have discretionary income and again ,investing without a source of income increase your chances of interrupting your strategy and this might force you to sell early.

You need a steady source of income to be able to sustain and be consistent in your DCA strategy, without money you cannot afford to do Bitcoin long term investment so income comes before investment.

You do not necessarily need the income to be steady before you invest, people with unsteady inflow can still invest as long as they do have discretionary income present after every inflow, your investment period doesn't have to be fixed, it can be variable with respect to your inflow. Optionally you can still spread your buy amount accross certain period for e.g, if you want to be buying weekly and your income doesn't come weekly, you may spread out your buy amounts accross several weeks enough until your next inflow and even if you don't have an inflow by then, you can wait patiently until your inflow arrives to continue with your consistent buys.

It is always advisable to buy bitcoin from a place of comfort, the most important thing is that you keep buying when your discretionary income is available. You should not however put yourself under financial pressure or a difficult situation simply because your income is not steady or worse still not invest because you don't have a steady source of income while you can identify to having discretionary income when you receive an inflow, even though it is not steady.

[Cgrexp]

What is required to begin Bitcoin investment is discretionary income, which is not necessarily a reliable source of income. Whether you are a rookie or not, you must have discretionary income to begin investing in Bitcoin.Some people do not receive salaries or wages, but the money they receive after a few months or at the end of the year exceeds what some people make over five years. This type of person can begin their Bitcoin investment as soon as they have discretionary funds.

I agree with you because when someone invests in Bitcoin, they need a discretionary income. Because it is foolish to invest in Bitcoin with money saved for urgent needs like education, medical care, future for children. And the person who started the thread asked in March 2024 if it is worth buying Bitcoin now! Buying and selling Bitcoin is entirely up to you, currently Bitcoin is in a bear market.The good thing for those who invest in the DCA method is that if the price of Bitcoin drops, they will have an opportunity to buy and hold Bitcoin. Because the price of Bitcoin will increase a lot!

DCA gives you the opportunity to buy Bitcoin at a low price. But its purpose is not to buy at a low price or to buy Bitcoin at an average price and hold it. All these things are the good side of DCA. DCA basically helps the investor to act as a correct way to buy Bitcoin consistently. Because in the case of volatile assets like Bitcoin, DCA is the best way to do it with regular discretionary income. Having a backup fund can help reduce the financial and mental stress of the investor a lot.

The key principle there is investing from your discretionary income irrespective of the strategy you're making use of but DCA is highly recommended because it blends in to all categories of investors financial condition. But then not everyone invest small amount using the DCA strategy. For instance if a folk who has no bitcoin investment happens to have a lot of cash and wishes to invest in bitcoin, his DCA input might be very different from the average man who works 9 to 5 with barely enough discretionary income.

The biggest advantage of the DCA method is that it brings flexibility in investment because here an investor can invest according to his ability. There is no allocation or condition of a specific amount of money for investment. So everyone can invest according to his income, that is, those who earn more can invest more money and those who earn less can invest less money. Investing large amounts of money at the same time in volatile assets like Bitcoin has the possibility of losing a lot in a market fall, so investing in stages reduces the risk of losing a lot. However, I agree with what you said because trading can be more stressful for employees because it is tiring to monitor the market or analyze market fluctuations along with the job. In this case, with the DCA method, you can invest comfortably without thinking or analyzing too much in small investments and without putting any pressure on financial stability.

[Jostern]

What is required to begin Bitcoin investment is discretionary income, which is not necessarily a reliable source of income. Whether you are a rookie or not, you must have discretionary income to begin investing in Bitcoin.Some people do not receive salaries or wages, but the money they receive after a few months or at the end of the year exceeds what some people make over five years. This type of person can begin their Bitcoin investment as soon as they have discretionary funds.

I agree with you because when someone invests in Bitcoin, they need a discretionary income. Because it is foolish to invest in Bitcoin with money saved for urgent needs like education, medical care, future for children. And the person who started the thread asked in March 2024 if it is worth buying Bitcoin now! Buying and selling Bitcoin is entirely up to you, currently Bitcoin is in a bear market.The good thing for those who invest in the DCA method is that if the price of Bitcoin drops, they will have an opportunity to buy and hold Bitcoin. Because the price of Bitcoin will increase a lot!

DCA gives you the opportunity to buy Bitcoin at a low price. But its purpose is not to buy at a low price or to buy Bitcoin at an average price and hold it. All these things are the good side of DCA. DCA basically helps the investor to act as a correct way to buy Bitcoin consistently. Because in the case of volatile assets like Bitcoin, DCA is the best way to do it with regular discretionary income. Having a backup fund can help reduce the financial and mental stress of the investor a lot.

The key principle there is investing from your discretionary income irrespective of the strategy you're making use of but DCA is highly recommended because it blends in to all categories of investors financial condition. But then not everyone invest small amount using the DCA strategy. For instance if a folk who has no bitcoin investment happens to have a lot of cash and wishes to invest in bitcoin, his DCA input might be very different from the average man who works 9 to 5 with barely enough discretionary income.

The most important thing is that you have that discretionary income available, even if the discretionary income is a small amount you can still possibly invest in bitcoin and keep investing in bitcoin, with a small amount of discretionary income, DCA techniques would be more appreciated, and more sustainable, well you don’t need to have alot of cash before you can invest in Bitcoin or keep investing in Bitcoin, you can invest with the little amount of money that you have available, you can have a good discretionary approach technique with your discretionary income availability.

[Stormisover]

What is required to begin Bitcoin investment is discretionary income, which is not necessarily a reliable source of income. Whether you are a rookie or not, you must have discretionary income to begin investing in Bitcoin.Some people do not receive salaries or wages, but the money they receive after a few months or at the end of the year exceeds what some people make over five years. This type of person can begin their Bitcoin investment as soon as they have discretionary funds.

I agree with you because when someone invests in Bitcoin, they need a discretionary income. Because it is foolish to invest in Bitcoin with money saved for urgent needs like education, medical care, future for children. And the person who started the thread asked in March 2024 if it is worth buying Bitcoin now! Buying and selling Bitcoin is entirely up to you, currently Bitcoin is in a bear market.The good thing for those who invest in the DCA method is that if the price of Bitcoin drops, they will have an opportunity to buy and hold Bitcoin. Because the price of Bitcoin will increase a lot!

DCA gives you the opportunity to buy Bitcoin at a low price. But its purpose is not to buy at a low price or to buy Bitcoin at an average price and hold it. All these things are the good side of DCA. DCA basically helps the investor to act as a correct way to buy Bitcoin consistently. Because in the case of volatile assets like Bitcoin, DCA is the best way to do it with regular discretionary income. Having a backup fund can help reduce the financial and mental stress of the investor a lot.

The key principle there is investing from your discretionary income irrespective of the strategy you're making use of but DCA is highly recommended because it blends in to all categories of investors financial condition. But then not everyone invest small amount using the DCA strategy. For instance if a folk who has no bitcoin investment happens to have a lot of cash and wishes to invest in bitcoin, his DCA input might be very different from the average man who works 9 to 5 with barely enough discretionary income.

The biggest advantage of the DCA method is that it brings flexibility in investment because here an investor can invest according to his ability. There is no allocation or condition of a specific amount of money for investment. So everyone can invest according to his income, that is, those who earn more can invest more money and those who earn less can invest less money. Investing large amounts of money at the same time in volatile assets like Bitcoin has the possibility of losing a lot in a market fall, so investing in stages reduces the risk of losing a lot. However, I agree with what you said because trading can be more stressful for employees because it is tiring to monitor the market or analyze market fluctuations along with the job. In this case, with the DCA method, you can invest comfortably without thinking or analyzing too much in small investments and without putting any pressure on financial stability.

Investment should be completely within the size of your discretionary income and nothing can be more convenient as approaching your investment with enough flexibilities, the high rising inflation rate should make folks realize that investment allocation must not be a specific amount rather you invest according to the available discretionary income.

I don't see anything wrong investing large amount of money at the same time in volatile asset like Bitcoin, investing large amount of money is using the lump sum, you only lose the moment you are selling below your purchasing price point, so even when you are investing in stages through the DCA you can at the same buy with a large amount of money through lump sum right away whenever you have a lump sum amount.

[Showlove01]

But why delay our investment just to find a source of income?

If we have discretionary income and we already have an emergency fund built up for any adversity, then we should not wait until we have created a source of income. Rather, I think it would be better to invest because we will have more time to HODL. Therefore, I think that if we already have discretionary money, we can invest and look for income at the same time.

Did you even read what you wrote ,how can you invest with discretionary income when you don’t have a source of income ,how does that make sense to you ?. Discretionary income is what is left after expenses have been sorted out from a consistent inflow of money, so if there’s no reliable source of income then you can’t have discretionary income and again ,investing without a source of income increase your chances of interrupting your strategy and this might force you to sell early.

Ghuman just .gave an interesting point on how some people can get a discrestionary income even without working for themselves and when I checked it is actually true and I have seen it myself while I was in school. There are kids that has a wealthy or rich parents or guidance who sends them money almost every two days or 5 days depending and this kind of kid if they are interested in accumulating Bitcoin there is no how they won't get a discrestionary income that will be enough to start their investment. So yes, you can get a discretionary income without having a source of income or where you are working.

[Frankolala]

You need a steady source of income to be able to sustain and be consistent in your DCA strategy, without money you cannot afford to do Bitcoin long term investment so income comes before investment. If your income reduces you don't have to stop Bitcoin investment you can adjust the amount that you use to DCA, as long as you can afford a discretionary fund from your income you can afford to buy Bitcoin, it doesn't matter if it's $15 to $20.

When your income increases you can increase your DCA allocation, the amount doesn't have to be the same throughout one year, you can use your discretion to know how much is convenient to buy with everytime you want to accumulate. Our financial obligations and priorities can change and if it does you can reshuffle your hierarchy of wants in your discretionary fund either to increase or reduce amount of accumulation. What matters in DCA strategy is consistency.

So what will you say about contractors. Are you saying that because they don't have steady income, they cannot be consistent in their DCA when only their profits from one contract is enough to give them a discretionary income that they can use to DCA by spreading it in several weeks until, they get a new contract.

Some people with steady income don't have discretionary income while some people without steady income has a good size of discretionary to invest on bitcoin using DCA consistently overtime.

If your income reduces to the point that you don't have discretionary income, you don't need to force yourself to buy bitcoin from your income. Instead, just hodli and look for a means to increase your income in order for you to have discretionary income and start investing again.

[ChocolateBitcoinK]

What is required to begin Bitcoin investment is discretionary income, which is not necessarily a reliable source of income. Whether you are a rookie or not, you must have discretionary income to begin investing in Bitcoin.Some people do not receive salaries or wages, but the money they receive after a few months or at the end of the year exceeds what some people make over five years. This type of person can begin their Bitcoin investment as soon as they have discretionary funds.

I agree with you because when someone invests in Bitcoin, they need a discretionary income. Because it is foolish to invest in Bitcoin with money saved for urgent needs like education, medical care, future for children. And the person who started the thread asked in March 2024 if it is worth buying Bitcoin now! Buying and selling Bitcoin is entirely up to you, currently Bitcoin is in a bear market.The good thing for those who invest in the DCA method is that if the price of Bitcoin drops, they will have an opportunity to buy and hold Bitcoin. Because the price of Bitcoin will increase a lot!

DCA gives you the opportunity to buy Bitcoin at a low price. But its purpose is not to buy at a low price or to buy Bitcoin at an average price and hold it. All these things are the good side of DCA. DCA basically helps the investor to act as a correct way to buy Bitcoin consistently. Because in the case of volatile assets like Bitcoin, DCA is the best way to do it with regular discretionary income. Having a backup fund can help reduce the financial and mental stress of the investor a lot.

DCA is a continuous strategy, its process is long-term, we have to buy continuously at a certain time and continue this process for a long time, and avoid any panic about price volatility and keep emergency funds ready for emergencies so that your holdings are not affected. This strategy is not very difficult, it is very simple and offers better chances than other strategies. Those who understand the importance of this strategy can accumulate Bitcoin very well through this strategy, but those who do not have the ability to understand it properly, they just face unexpected losses by the wrong strategy.

[Queen Julie]

But why delay our investment just to find a source of income?

If we have discretionary income and we already have an emergency fund built up for any adversity, then we should not wait until we have created a source of income. Rather, I think it would be better to invest because we will have more time to HODL. Therefore, I think that if we already have discretionary money, we can invest and look for income at the same time.

The question is how do you get discretionary fund and emerging funds when you don't even have a source of income.. I think a source of income is very important,  because that is the only way you can make plans, because I think it's very difficult to make plans when you don't have a source of income. Discretionary funds, emergency funds etc are all planned and since you need money to make all this plan, that's why a source of income is very important.  So I don't understand when you say you don't need a source of income before you can make an investment,  because where do you get the money from when you don't have a source of income.

[Jamestown70]

But why delay our investment just to find a source of income?

If we have discretionary income and we already have an emergency fund built up for any adversity, then we should not wait until we have created a source of income. Rather, I think it would be better to invest because we will have more time to HODL. Therefore, I think that if we already have discretionary money, we can invest and look for income at the same time.

The question is how do you get discretionary fund and emerging funds when you don't even have a source of income.. I think a source of income is very important,  because that is the only way you can make plans, because I think it's very difficult to make plans when you don't have a source of income. Discretionary funds, emergency funds etc are all planned and since you need money to make all this plan, that's why a source of income is very important.  So I don't understand when you say you don't need a source of income before you can make an investment,  because where do you get the money from when you don't have a source of income.

The way he presented his post may have sounded a little bit off. What primark is trying to insinuate is that, you don’t really need a 9-5 job before you start accumulating bitcoin, as long as one has got other things doing or skills that’ll be able to generate income for himself and also, he’ll be able to sort out discretionary funds, then you don’t need to wait for a regular job before you start accumulating bitcoin.

[Proty]

But why delay our investment just to find a source of income?

If we have discretionary income and we already have an emergency fund built up for any adversity, then we should not wait until we have created a source of income. Rather, I think it would be better to invest because we will have more time to HODL. Therefore, I think that if we already have discretionary money, we can invest and look for income at the same time.

The question is how do you get discretionary fund and emerging funds when you don't even have a source of income.. I think a source of income is very important,  because that is the only way you can make plans, because I think it's very difficult to make plans when you don't have a source of income. Discretionary funds, emergency funds etc are all planned and since you need money to make all this plan, that's why a source of income is very important.  So I don't understand when you say you don't need a source of income before you can make an investment,  because where do you get the money from when you don't have a source of income.

Yes having a source of income is essential for successful investment in bitcoin. However, this shouldn't be an impediment as regards starting. There are people that may have discretionionary income to start accumulating bitcoin even without a source of income like some students that are from rich background that have discretionionary income. It won't be a great idea if they decide to withhold there discretionionary income and not to start accumulating bitcoin because they don't have a source of income.

[Joeboy]

The question is how do you get discretionary fund and emerging funds when you don't even have a source of income..

Having a source of income isn't the only way Discretionary income can be generated, this has very well been said countless number of time on this thread, but it seems you guys weren't paying attention to it... Discretionary income can be gotten from maybe a savings you have been keeping from way back... Bonuses, gift, are also other ways discretionary income can be gotten.. Don't get me wrong, having a source can be quite useful is maintaining your investment, and that is why it is important that folks try getting a source of income irrespective or whether it is consistent/or inconsistent...

I think a source of income is very important,  because that is the only way you can make plans, because I think it's very difficult to make plans when you don't have a source of income.

That's not true...Income aren't used to plan, they are rather used in executing your plans...And so you don't really need to have an income handy before you can go ahead making your plans...

[MusaPk]

Yes having a source of income is essential for successful investment in bitcoin. However, this shouldn't be an impediment as regards starting. There are people that may have discretionionary income to start accumulating bitcoin even without a source of income like some students that are from rich background that have discretionionary income. It won't be a great idea if they decide to withhold there discretionionary income and not to start accumulating bitcoin because they don't have a source of income.

The mindset is more important than money. If you have a mindset that you are confident that Bitcoin will give you good return over a period of time then even people with low capital can improve there financial status over a long run. If one don't have a mind set that has confidence in Bitcoin then he won't be able to take advantage of Bitcoin no matter how much capital he has. Bitcoin is an investment that requires patience and if someone want quick return then he should look for some other options.     

[Ashawowo(OS)]

But why delay our investment just to find a source of income?

If we have discretionary income and we already have an emergency fund built up for any adversity, then we should not wait until we have created a source of income. Rather, I think it would be better to invest because we will have more time to HODL. Therefore, I think that if we already have discretionary money, we can invest and look for income at the same time.

The question is how do you get discretionary fund and emerging funds when you don't even have a source of income.. I think a source of income is very important,  because that is the only way you can make plans, because I think it's very difficult to make plans when you don't have a source of income. Discretionary funds, emergency funds etc are all planned and since you need money to make all this plan, that's why a source of income is very important.  So I don't understand when you say you don't need a source of income before you can make an investment,  because where do you get the money from when you don't have a source of income.

Let's put it rather this way, to buy your first Bitcoin, you don't necessarily need a source of income, you can have discretionary income from previous savings or gifts that you can use to get started, but for the continuity of your investing into Bitcoin, you don't just need a source of income but you need to be sure of having discretionary funds from that source after taking care of your expenses.

Emergency funds is built from part of the discretionary income available to you, you can choose to divide your discretionary income into 3 parts, use one part for your emergency fund, one part for buying Bitcoin and the third part for your discretionary spending.

[I_Anime]

But why delay our investment just to find a source of income?

If we have discretionary income and we already have an emergency fund built up for any adversity, then we should not wait until we have created a source of income. Rather, I think it would be better to invest because we will have more time to HODL. Therefore, I think that if we already have discretionary money, we can invest and look for income at the same time.

The question is how do you get discretionary fund and emerging funds when you don't even have a source of income.. I think a source of income is very important,  because that is the only way you can make plans, because I think it's very difficult to make plans when you don't have a source of income. Discretionary funds, emergency funds etc are all planned and since you need money to make all this plan, that's why a source of income is very important.  So I don't understand when you say you don't need a source of income before you can make an investment,  because where do you get the money from when you don't have a source of income.

Let's put it rather this way, to buy your first Bitcoin, you don't necessarily need a source of income, you can have discretionary income from previous savings or gifts that you can use to get started, but for the continuity of your investing into Bitcoin, you don't just need a source of income but you need to be sure of having discretionary funds from that source after taking care of your expenses.

Emergency funds is built from part of the discretionary income available to you, you can choose to divide your discretionary income into 3 parts, use one part for your emergency fund, one part for buying Bitcoin and the third part for your discretionary spending.

Yes that’s true you don’t need any source of income to start your bitcoin investment. But doesn’t mean you won’t need sources in a long run, because without it you won’t be able to keep up properly with your investment . Having enough sources will make your investment grow faster,  and smoother too. That’s why many usually give up before making something good from their investment.