Buy Buy Buy or Sell Sell Sell?

[MainIbem]

Income plays a very important role in Bitcoin investment, but we shouldn't make it seem as if it is all about income and that you must have a good income first before you can buy Bitcoin. The most important thing to know is that irrespective of the income you make, you can still afford to buy Bitcoin.

If you think income is all you need and that the little income you have is too small for you to afford Bitcoin, there is a possibility that even if you increase your income, you may still not be able to afford to buy Bitcoin. This is because as your income increases, your demands also increase, and you will realize that you still struggle to buy Bitcoin. This is why I think buying Bitcoin has to do with mentality, good management of income, and not just about having the income only.

A good income is compulsory, not necessarily for the purpose of buying Bitcoin for the first time, but for consistency, accumulation, and discipline. Anyone can buy Bitcoin for the first time, but when we talk about consistency, only someone with a good income stream can be consistent. A good income stream means a source of income that is steady to cover basic expenses and provide discretionary income altogether. Unsteady one, today there is discretionary income, and tomorrow there is no discretionary income. That is not a steady income, which is very important for an investor to have a good income before thinking of long-term investment, except that they want to be a trader, which is frowned upon in this discussion.

Very correct it's not necessary compulsory to start accumulating but important for consistency, some people make mistake about both concepts but don't know that they can start buying if they have a discretionary funds available then try to get a job on the long run so they'll be consistent with their accumulation. Another thing i want to note is that investor doesn't have to wait until their income is too much to generate bigger discretionary before they start buying, the person can start with what's available then increase it as time goes and more discretionary fund could be generated.

[Nheer]

The main purpose of investing in Bitcoin is to make a profit.

Your statement will mislead some people here so you should be careful with your statements. May be you probably don't understand the true purpose of investment that's why. When your investment is centered on profits it shifts your mindset towards that of traders even when you claim to be investing for a long period of time. The main purpose of investing is not to make profit but to preserve and build a long time financial wealth in order to secure and achieve our future goals. Profit should never be the main purpose of investment, there's no guarantee of making profit so making it the main reason will only lead to making emotional decisions and risking too much.

Making profits is one of the benefits of investing but we shouldn't center our investment on profit making alone especially since it's not guaranteed.

[Bright0515]

When your investment is centered on profits it shifts your mindset towards that of traders even when you claim to be investing for a long period of time.

That's write mate, when someone has the mindset of a trader, it's very obvious that they will always monitor the price movement daily or let's just use the word "regular" and it will affect their portfolio because they might become emotional whenever they sees the price on constant Dip.
When an investor doesn't care much about profits the advantage of their investment to become more mature is very high because they care more on accumulating and holding for long term.
Honestly, when someone centered profits while investing into Bitcoin, they will panic to sell when there's any little decline in the price because their intentions are to make profits. Even though they have the long term mentality, they will still panic because that's not what they are expecting.

[Promocodeudo]

So many individuals focus only on how much they get but consistency bis what really changes things over the period. Having an extra source of income and using part of it for long term Bitcoin accumulation without touching one main income can reduce pressure financially and help build a solid assets gradually, little steps repeated for years can produce results most individuals never want.

I think we are disturbing ourselves much about extra income of a thing, having extra income is good but we must start first with our discreationary income, just as you have spoken, consistency is the key to a successful Bitcoin investor, as an investor that is seriously investing in Bitcoin for a long-term, our major concern should be being consistent, I'm not saying having multiple incomes isn't helpful but what if you only have just one source of income, if we have only one source for the moment, we can also be consistent and also continue to look for another source, I believe in what my small input can do in my portfolio if I'm steadily and gradually doing the needful.

[cyberninja2]

This is also a nice idea to have a side job for bitcoin investment but this can only be possible the side job is a discretionary income because  unlike some people it possible to have side job without a discretionary income, so it first begins with being comfortable with your needs from your major income before another a side job can act as a discretionary income for investment and building of emergency fund and probably discretionary spending.
But above all the most important word is HOLD even if folks don't get to have that luxury of have 2 source of income or enough discretionary to keep on buying, with the little they've been able to acquire they shouldn't let go so easily when it's not yet their preplanned investment timeline

Whether it's good or not depends on how we understand things like what we're talking about because one way to save Bitcoin investment is just by having a side job so that the Bitcoin investment we are making is safer so that there are no more sales after we have accumulated Bitcon with the aim of making long-term investments because if you don't have a side job I think it's difficult to make Bitcoin investments especially with a long-term duration of course that's not what we can say.

Apart from having the idea that we are discussing of course behind it all we are also required to have qualities that are probably very rarely carried out by all parties except for those who have a clear vision of the future namely how to hold back when someone is experiencing a very difficult economic situation so this is also very necessary for someone to have in investing in Bitcoin because this knowledge usually disappears from a person's mind when unexpected things come to someone, one of which is when the market price drops which makes everyone or parties panic about this condition so if they don't have the knowledge about how to hold back maybe they are one of them. People who fall into some of them cannot bear not making sales so investing really needs a way to understand how to maintain the amount of our investment by having a side job so that in the end the amount of investment that we have accumulated is saved from panic and there are no sudden sales.

[SPIDERMAN008]

So many individuals focus only on how much they get but consistency bis what really changes things over the period. Having an extra source of income and using part of it for long term Bitcoin accumulation without touching one main income can reduce pressure financially and help build a solid assets gradually, little steps repeated for years can produce results most individuals never want.

I think we are disturbing ourselves much about extra income of a thing, having extra income is good but we must start first with our discreationary income, just as you have spoken, consistency is the key to a successful Bitcoin investor, as an investor that is seriously investing in Bitcoin for a long-term, our major concern should be being consistent, I'm not saying having multiple incomes isn't helpful but what if you only have just one source of income, if we have only one source for the moment, we can also be consistent and also continue to look for another source, I believe in what my small input can do in my portfolio if I'm steadily and gradually doing the needful.

The issue of making alternative the income source that you mentioned is really important in Bitcoin investment. Because if there is only one income source, it can stop at any time. Then it will not be possible to continue investing in Bitcoin, but an investor may have to struggle to meet his own expenses. Considering all these things, it is better to arrange an alternative income source. For example, if someone is doing job , then in addition to his job, he can look for a small business or a remote job in his extra time, from which he can earn a fair amount. In this case, if he suddenly does not have a job, he will still be able to at least continue his daily life expenses. If arranging an alternative income is difficult for someone, then I think it is important to keep his backup fund a little strong. Especially if he wants, it would be better to keep the equivalent of 6 months of expenses as a backup fund.

[Just Say]

What's your take on this? Given the period we're in is it buy time or sell time?

You buy Bitcoin, sell Bitcoin, not buy time or sell time.

This bull run will last many months and it's time for you to buy if you react as an investor and plan to spend your money for investment in more than 6 months or 1 year.

Buying and holding it, don't selling it around this time. It's not time for selling Bitcoin.

Don't sell your Bitcoin to Wall Street.

In think Long - term investors gets it big the most sometimes, because they buys coins and keeps for a long period of time and it gradually grows perfectly to a specific time we're they can sell and re buy.

Which currency are you talking about, if you are referring to Bitcoin, then why would people gradually accumulate Bitcoins for a certain period of time and then sell their entire portfolio and buy them again, in fact, after reaching this stage, everyone should have kept their investment portfolio longer because that is the maintenance stage. Those who started from scratch and reached the legendary level of Bitcoin investment have a goal to invest in BTC because those investors take on more robust responsibility for maintaining their BTC after accumulating sufficient amounts, I would like to say that even if they accumulate an excess amount of Bitcoin, the portfolio should not be made a no-coiner and the goal should be that if one percent of Bitcoin is sold, another four or five percent of Bitcoin should be purchased to make up for the shortfall later.

[Y3shot]

I think we are disturbing ourselves much about extra income of a thing, having extra income is good but we must start first with our discreationary income, just as you have spoken, consistency is the key to a successful Bitcoin investor, as an investor that is seriously investing in Bitcoin for a long-term, our major concern should be being consistent, I'm not saying having multiple incomes isn't helpful but what if you only have just one source of income, if we have only one source for the moment, we can also be consistent and also continue to look for another source, I believe in what my small input can do in my portfolio if I'm steadily and gradually doing the needful.

The main goal is to buy with an amount that you can afford to lose. Increasing income is very good, but if we should be honest with ourselves, it is not something one achieves immediately; sometimes it can take a long time. At this point, what is expected from one is to buy an amount that you are capable of and to be consistent in buying. However, a lot of investors think it is about the income, and this affects them in starting small and being consistent because a line has already been drawn that income is a limitation to buying bitcoin.

[Sulegzy39]

Selling and rebuying is not a good strategy to manage your portfolio after investing in bitcoin for a long time; instead, you should withdraw consistently from it. Why sell in the first place if you want to rebuy? It certainly sounds like a stupid thing to do, and you may not be lucky enough to purchase back cheaper, turning you into a low coiner or worse, a no coiner after spending a long time holding bitcoin, wreaking havoc on your holdings that you have worked hard to build. In the long run, after your holding time has expired, you can take profits and begin withdrawing from your bitcoin portfolio in a sustainable manner; but, attempting to sell and purchase back cheaper is trading, which is a very stupid thing to do.

[Furious 7]

The main purpose of investing in Bitcoin is to make a profit. Although there is uncertainty about making a profit in Bitcoin in the short term, the possibility of making a profit in Bitcoin in the long term is high. But has Ethereum been able to gain that trust yet? When did we last see an ATH in Ethereum? That is still unknown. So I think it is still wrong to associate the name of Ethereum with Bitcoin. However, you can fill a small part of your stash with Ethereum to diversify your investment.

It is better to keep our full attention on Bitcoin in the beginning. You should not focus on diversification or altcoins in the beginning. To better understand the positive aspects of Bitcoin, you can have knowledge about Shitcoins. This knowledge will help you to be more confident in Bitcoin.

This for me is quite tricky although it cannot be denied when we expect profit but it cannot necessarily be used as the main goal because for me when I am in bitcoin and make this a long-term investment is in addition to the financial hedge that I have, I also expect financial freedom even though it is also a profit but if the main focus is only on profit then you can sell anytime when you are profitable and I don't do that because for me this is not just a profit that I am looking for when investing in bitcoin.

Furthermore for altcoins and shitcoins it never entered for me (at this time) I have done in the first few years of being on the forum but since the last 2 halvings I stopped that because I did not get anything so I only focus on bitcoin for now.  For the beginning let's say I was too naive by believing every what I bought could make this as a hedge but for now I only believe in bitcoin not for anything else. Because I have felt that and I will make it an experience so that I never touch shitcoin again for now.

[aNot!FicaT!on]

I think we are disturbing ourselves much about extra income of a thing, having extra income is good but we must start first with our discreationary income, just as you have spoken, consistency is the key to a successful Bitcoin investor, as an investor that is seriously investing in Bitcoin for a long-term, our major concern should be being consistent, I'm not saying having multiple incomes isn't helpful but what if you only have just one source of income, if we have only one source for the moment, we can also be consistent and also continue to look for another source, I believe in what my small input can do in my portfolio if I'm steadily and gradually doing the needful.

The main goal is to buy with an amount that you can afford to lose. Increasing income is very good, but if we should be honest with ourselves, it is not something one achieves immediately; sometimes it can take a long time. At this point, what is expected from one is to buy an amount that you are capable of and to be consistent in buying. However, a lot of investors think it is about the income, and this affects them in starting small and being consistent because a line has already been drawn that income is a limitation to buying bitcoin.

There are many who think that when their income increases, they will start investing, but in reality this thought prevents many from starting year after year. Even if their income increases, they also have new ways of spending, then their expenses also increase, and then they think again that when their income increases a little more, they will start investing, but it continues and in this way they cannot start investing.
But here they should understand very well that the most important thing in investing is not just a large sum of money but consistency, patience and staying within your capabilities. According to your current income, whatever you have is enough to start, you have to start this first. Starting with little is not a weakness. Rather, those who buy and learn regularly even with limited capabilities, in the long run, are the ones who develop the most experience and discipline. So it is better to start slowly according to your capabilities, but waiting to start, it will only push you further back.

[Sim_card]

Unsteady one, today there is discretionary income, and tomorrow there is no discretionary income. That is not a steady income, which is very important for an investor to have a good income before thinking of long-term investment, except that they want to be a trader, which is frowned upon in this discussion.

All you need is your discretionary income to get started and have a long-term mindset of investing. Even if you buy bitcoin once in a while with your discretionary income, you can still hodli for long provided you didn't sell it, so don't get it twisted that people without a steady income will end up being a trader because your mindset matters a lot.

Someone without a regular income can buy bitcoin with his discretionary income and learn along the line, he will be motivated to improve his financial strength by looking for a second means of income to boost his income in order to have a discretionary income. He can get his discretionary income from his second job. He can learn a skill or improve his income in order for him to be able to have a regular discretionary income and DCA regularly weekly, consistently and persistently for 4-10 years and above till he reach his bitcoin target.

The most important thing which prior to a regular income is get started provided you have your discretionary income whether, it's regular or not.

it would be better to keep the equivalent of 6 months of expenses as a backup fund.

It's better not to stretch yourself too much and slow down your bitcoin investment by holding down too much cash as an emergency funds that you should have grow your bitcoin investment. Remember that fiat loses its purchasing power over time and bitcoin preserves the value of your funds.

An investor with a low discretionary income would find it very difficult to build an emergency funds of 6 months of his monthly expenses because for him to build an emergency funds of three months of his expenses will take up to a year or more.

No need for an emergency funds of 6 months, three months is OK since you will also set up other backup funds so that, you can concentrate and stay focus on building your bitcoin portfolio as fast as you can in order to reach your bitcoin target.

[Sonia_123]

I think we are disturbing ourselves much about extra income of a thing, having extra income is good but we must start first with our discreationary income, just as you have spoken, consistency is the key to a successful Bitcoin investor, as an investor that is seriously investing in Bitcoin for a long-term, our major concern should be being consistent, I'm not saying having multiple incomes isn't helpful but what if you only have just one source of income, if we have only one source for the moment, we can also be consistent and also continue to look for another source, I believe in what my small input can do in my portfolio if I'm steadily and gradually doing the needful.

The main goal is to buy with an amount that you can afford to lose. Increasing income is very good, but if we should be honest with ourselves, it is not something one achieves immediately; sometimes it can take a long time. At this point, what is expected from one is to buy an amount that you are capable of and to be consistent in buying. However, a lot of investors think it is about the income, and this affects them in starting small and being consistent because a line has already been drawn that income is a limitation to buying bitcoin.

There are many who think that when their income increases, they will start investing, but in reality this thought prevents many from starting year after year. Even if their income increases, they also have new ways of spending, then their expenses also increase, and then they think again that when their income increases a little more, they will start investing, but it continues and in this way they cannot start investing.

Any investor behaving like this is not ready to invest into bitcoin but only deceiving himself because time waits for no one the earlier you start the better for you.

 Such persons are out there to discourage others that are not strong in investing into bitcoin, the sit at the fence of the market to always complain about the price of bitcoin pretending as if they are interested.

[laspol65]

There are many who think that when their income increases, they will start investing, but in reality this thought prevents many from starting year after year. Even if their income increases, they also have new ways of spending, then their expenses also increase, and then they think again that when their income increases a little more, they will start investing, but it continues and in this way they cannot start investing.

Any investor behaving like this is not ready to invest into bitcoin but only deceiving himself because time waits for no one the earlier you start the better for you.
 Such persons are out there to discourage others that are not strong in investing into bitcoin, the sit at the fence of the market to always complain about the price of bitcoin pretending as if they are interested.

Those who participate in Bitcoin investment will not do any kind of speculation, those who are ideal investors are basically capable of strengthening their own Bitcoin holdings. Therefore, they take the opportunity to buy Bitcoin repeatedly and increase their Bitcoin holdings more and more and adopt sufficient strategies to keep them safe.
By investing in Bitcoin according to the DCA strategy, they are open to success, therefore those who will hold according to the Bitcoin DCA method are a good future planner.

[BluebloodCXVI]

Selling and rebuying is not a good strategy to manage your portfolio after investing in bitcoin for a long time; instead, you should withdraw consistently from it. Why sell in the first place if you want to rebuy? It certainly sounds like a stupid thing to do, and you may not be lucky enough to purchase back cheaper, turning you into a low coiner or worse, a no coiner after spending a long time holding bitcoin, wreaking havoc on your holdings that you have worked hard to build. In the long run, after your holding time has expired, you can take profits and begin withdrawing from your bitcoin portfolio in a sustainable manner; but, attempting to sell and purchase back cheaper is trading, which is a very stupid thing to do.

I get the point you’re making here because it is true that constantly selling from your stash and hoping to buy back lower can become a trap. A lot of people underestimate how difficult it is to time the market, and many end up reducing their position over time instead of increasing it.
But on the other hand, if someone reaches an over-accumulation stage where a huge percentage of their net worth is sitting in one asset, taking some profits or rebalancing doesn’t automatically mean they lack conviction, to me I just think they are deciding to prioritize risk management and capital preservation along with growth.

[Tonimez]

Selling and rebuying is not a good strategy to manage your portfolio after investing in bitcoin for a long time; instead, you should withdraw consistently from it. Why sell in the first place if you want to rebuy? It certainly sounds like a stupid thing to do, and you may not be lucky enough to purchase back cheaper, turning you into a low coiner or worse, a no coiner after spending a long time holding bitcoin, wreaking havoc on your holdings that you have worked hard to build. In the long run, after your holding time has expired, you can take profits and begin withdrawing from your bitcoin portfolio in a sustainable manner; but, attempting to sell and purchase back cheaper is trading, which is a very stupid thing to do.

I get the point you’re making here because it is true that constantly selling from your stash and hoping to buy back lower can become a trap. A lot of people underestimate how difficult it is to time the market, and many end up reducing their position over time instead of increasing it.
But on the other hand, if someone reaches an over-accumulation stage where a huge percentage of their net worth is sitting in one asset, taking some profits or rebalancing doesn’t automatically mean they lack conviction, to me I just think they are deciding to prioritize risk management and capital preservation along with growth.

I guess you mean diversification. When you talk about diversification based on what you are explaining here, you don't necessarily need to sell your bitcoin before you can be able to diversify into other areas of interest even at your over accumulation stage because for the fact that you have attained such stage, the best option would be reducing your DCA allocation into bitcoin and/or extending how often you buy bitcoin that is, if you were consistently buying bitcoin weekly before you attained over accumulation stage, you can decide to change your accumulation to only monthly or even every two months. This will allow you to have more funds to channel into your area of diversification with less stress and also preserving your bitcoin stash.

Note that it is very wrong to diversify your assets into shitcoins and also, it is even worse selling your bitcoin to buy a shitcoins because you just faced the highest risk while trying to prioritise your risk management. To not allow you "risk management" to push you into destroying your bitcoin holdings while trying to diversify into shitcoins. At over accumulation stage, you can choose areas like the real estate if you must diversify in order to be secured that you have not wasted your resources.

[rezakurnia66]

Those who participate in Bitcoin investment will not do any kind of speculation, those who are ideal investors are basically capable of strengthening their own Bitcoin holdings. Therefore, they take the opportunity to buy Bitcoin repeatedly and increase their Bitcoin holdings more and more and adopt sufficient strategies to keep them safe.
By investing in Bitcoin according to the DCA strategy, they are open to success, therefore those who will hold according to the Bitcoin DCA method are a good future planner.

If purpose investing in bitcoin for long term actually not really requiring speculation and repeatedly make accumulation how much possibility depend the financial condition, make bitcoin as investment future assets by consistent holding and purchasing as weekly, monthly until reach the target how many years saving money in bitcoin as investment assets. Considering use DCA strategy for investing in bitcoin not require about other way just need consistent only and keep motivate to buy bitcoin as investing week in monthly although current bitcoin still lower price.
If have good financial don't forget spent back up fund take moment if bitcoin have dip and touch support price, combine DCA and investing during DIP price has bigger chance with much profitable to earn.

[JayJuanGee]

[edited out]

Investing in crypto is something you learn about over time.

Hopefully no one is fucking around with shitcoins, since we are talking about bitcoin in this thread and not shitcoins.

Shitcoins tend to be a trade rather than an investment, and even then you gotta be careful.... so investment ideas don't tend to apply to any of them.  Hopefully, you know the difference, and you should not be describing shitcoins in the same sentence as bitcoin, especially in threads like this where members might get confused about what the fuck are you talking about.  It makes you appear to not know what you are talking about if you don't know how to use the word bitcoin, and then you are trying to describe bitcoin and shitcoins as if they were the same thing.

[edited out]

Yes, I agree with your assumption, my friend, because what you said is indeed true. But here I'm not saying you have to learn about Bitcoin. What I'm emphasizing is learning where to buy Bitcoin and how to buy it. Because, personally, I think that's something that needs to be researched and studied a little.

I don't have a problem to consider that knowing how a guy is sourcing his coins is part of basic knowledge, even though I do have a problem with assuming how much the guy needs to know in regards to how he is going to source his coins, since each person should be able to use his own common sense to figure out how much he is going to start with, whether it is $100, $10 or some other amount, and if he identifies some way that he is going to source his coins and he is not sure if he is comfortable with the source, then maybe he would decide to adjust his starting out amount.. or otherwise, sure there could be situations where the guy uses his common sense to conclude that he wants to look at more than one sourcing option, if he has other options that might be available to him.  We should not assume how much he needs to look into the sourcing matter, since if he has common sense, he can figure that out, since the main thing that he needs to conclude is that he has discretionary funds, and if he decides to start based on little sourcing information that is his choice. It is not a prerequisite that he checks out multiple funding sources, especially if he decides that $100 or $10 or some other amount is a reasonable amount for him to start out with and even recognizing that he could end up losing it all if he does not work out his sources in a sufficiently enough secure way.

And when it comes to learning about Bitcoin, I don't really recommend it for people who are just starting to invest in it. Because that's clearly not something that beginners need to learn.

Beginning to buy bitcoin is one of the best ways to motivate learning, especially if a person clearly has discretionary funds and they conclude that they are ready, willing and able to get started buying bitcoin.  Yeah, if it is quite unclear about whether they have discretionary funds, then if you are talking with them about bitcoin, it may well be better to figure out (or help them to figure out if they have discretionary funds or not).

Because we're just investing here, and if you're interested, you can learn about it once your Bitcoin investment is up and running.

What does that mean?  Are you saying that the newbie should buy some bitcoin or not? 

So, the point is like that, in my opinion. So I'm not telling beginners who want to invest in Bitcoin to learn about Bitcoin. But to find out where to buy it and how to buy it. Because that's what I did in the past.. But I also know that not everyone is stupid, and not everyone is smart. But here I am just sharing what I experienced before,, because who knows, maybe there are people who have experienced the same thing as me..

Sure.  We have to communicate with people from where they are at, and if we have some knowledge that might be helpful then we can point them in a certain direction.  One of my problems when communicating with people in person is that I have not been in my accumulation phase in recent times, so I might not be aware of various changes in the ways to accumulate bitcoin as compared with when I was accumulating bitcoin... Yet, I still might have some suggestions in regards to places that they could start and/or even if guys might want to buy directly from me.  One of the problems in buying from an individual is that they might also want to know how they could sell it if they change their mind about the bitcoin that they had bought.

[edited out]

I think it's obvious with common sense, and to do something you have to at least know about it. So, having some basic knowledge at least makes more sense than nothing, especially in something that involves risk of loss having some basic knowledge is certainly better than nothing. However, if we jump into something just by relying on common sense alone without any knowledge at all, of course that's not right, although it can be while learning too, but at least having the supplies first in my opinion is better than nothing.

You are presuming that a person with common sense does not have any knowledge at all?  How old is this person?  10 years old?

Are we talking about adults, maybe older than 18 years? or what?

People have experiences, and yeah probably a young person has to do a lot of work with their common sense to learn things, to the extent that they might not have had learned how to do basic math in order to figure out if they have discretionary funds or not.

I doubt that it is appropriate to presume that a typical newbie to bitcoin does not have any knowledge about anything.  Does he know how to speak? read?  write?  tie his shoes?

[DubemIfedigbo001]

Where I disagree with you is your idea that accumulation will become almost impossible unless someone gets another source of income for themselves. Yes increasing income can definitely help, but you need to understand that accumulation can still happen on a small scale through discipline and consistency, even if the amounts are tiny. The pace will obviously be slower compared to someone with fewer expenses, but gradual accumulation is still accumulation, slow motion is better than no motion.

It's true as you said that it's impossible for someone to accumulate Bitcoin without another source of income. This is because their primary income can sometimes only cover essential expenses especially since the primary income is very limited and can be considered insufficient when calculated against their existing income. Having an income source from another job is certainly part of someone's desire to accumulate Bitcoin which they use as an asset for the future. Sometimes even if it's a small amount, someone uses the results of an alternative income source as savings for the future owning assets derived from their work through the income generated from the alternative job.

This is not true, it is very possible to accumulate bitcoin with only one source of income as long as the investors has discretionary income from the said source, you are misinterpreting what BluebloodCXVI said, he's disagreeing with what you earlier said and not agreeing with it. As long as there is discretionary income, investment can be started and consistency maintained. You shouldn't in any way delay your investment journey because you don't have more than one source of income, that's a crazy idea as long as you have spare cash from your single source, you should start buying immediately to get ahead in your accumulation journey.
It is a bonus to the investors if he seeks out ways to increase his income by having a side hustle in order to have more discretionary income available so that he can increase his buying amount and/or his aggressiveness to continue accumulating at a faster pace, but it is not a requirements to start investing into bitcoin.

If an investors has $350 discretionary income from his single source of income monthly and invests $200 into bitcoin, $100 into backup funds and $50 for discretionary consumption, in just a year, he would've put $2400 into bitcoin and $1200 into his backup funds. You can see that this investor is better off starting immediately rather than waiting unnecessarily to have a second income stream before buying and holding bitcoin.

[alankasman]

...

So many individuals focus only on how much they get but consistency bis what really changes things over the period. Having an extra source of income and using part of it for long term Bitcoin accumulation without touching one main income can reduce pressure financially and help build a solid assets gradually, little steps repeated for years can produce results most individuals never want.

This is one of the rights and obligations of a person, but we can't do it because each of us has our own path. What I need to convey is that having an alternative source of income can provide consistency in our Bitcoin accumulation. If we rely solely on one source of income it will certainly make it difficult for us to invest as we are always busy managing our income with one source of income. In this case having an additional source of income can greatly assist our investment accumulation. This can reduce our burden in accumulating Bitcoin to build our future assets by having two sources of income. This requires a step-by-step approach as we discussed because what we do with our investments can be protected after we accumulate consistently.

By having additional income I think it will be easier for someone who makes long-term investments because we have additional income that we will use for long-term investments and we will also not be burdened in making these investments because we have a handle with additional funds that can save our investments after accumulating Bitcoin so not only having a source of income makes us feel strong but if we do not have a consistent attitude of course what we hold without having a method will certainly not produce results for what we have done.