Buy Buy Buy or Sell Sell Sell?

[LodBtcFast55]

There are people among us who earn relatively less but they are accumulation Bitcoin with discretionary income at the end of the week. There are many who earn more and are financially well off but cannot succeed in investing in Bitcoin or are not patient enough to accumulate Bitcoin. Despite being financially well off their social status or the number of much family members may not develop that mentality in them. A poor person may have the mental and physical preparation to reach a financially well off position and I have seen efforts take them a long way and they are able to reach a financially well off position.

It is important for an investor to focus on doing DCA regularly to reach the over accumulation stage and the money should come through discretionary income. To reach a sustainable investment position, you should prioritize accumulation Bitcoin through discretionary income and regularly.

If you have a source of income and your decisions are long-term, if you are the breadwinner of the family, then spend your earned money consciously because unnecessary expenses can harm you financially, so always keep yourself away from unnecessary expenses, you do not need much to invest, if you have some basic ideas, you can start, the DCA strategy is the most important, it is effective for both classes of people, it is important for a person to have a strong decision because they can bring their own success through hard work,

[TeeTeen]

I understand your point, but let us be realistic here… you can’t really depend on these things you mentioned to accumulate bitcoin long term. The problem is that they may/may not come. Even when it comes, it may not be enough to take care of your needs or have any left over.

This is why I don't agree that having a job “does not really matter”. Aside buying bitcoin… won’t you take care of real life responsibilities? Bro you still need to look for a steady source of income and not relax… whether it is a job, business or something reliable. Atleast you’re sure of money coming in regularly, and you will be able to plan well with it.

A stable source of income is not required to invest, if a person is able to find a source of discretionary income then he can start investing. There are many people who have a stable source of income but they cannot manage their financial situation properly or control their expenses, so they are not able to find a source of discretionary income. Having a stable source of income is good but not mandatory to start investing, discretionary income is mandatory to invest.

There are many people who do not have a stable source of income, but they find a source of discretionary income through proper financial management and continue investing. The week they cannot find a source of discretionary income, they do not invest and the next week when they find a source of discretionary income, they continue investing again.

It is not necessary to have a stable source of income to invest, but it is better to have it because there are many benefits to investing in it, although it is not mandatory that it must be there. We should only find temporary income and invest from it, because if someone invests from other money, then he may have many problems in continuing his investment. Along with our investment, we should also create an emergency fund. Because unexpected dangers can come in our lives, the importance of an emergency fund is immense to manage investments safely in the field.

[Derekfunds]

It is not necessary to have a stable source of income to invest, but it is better to have it because there are many benefits to investing in it, although it is not mandatory that it must be there. We should only find temporary income and invest from it, because if someone invests from other money, then he may have many problems in continuing his investment. Along with our investment, we should also create an emergency fund. Because unexpected dangers can come in our lives, the importance of an emergency fund is immense to manage investments safely in the field.

First you should understand the meaning of these two words, necessary and mandatory so you don't use them wrongly, necessary means something that is very important while mandatory is more like something one must have or do. So bringing this to Bitcoin investment, stable source of income is very important because it can help an investor overcome some challenges yet it is not a must to have it before one can start since we can get discretionary income from any kind of income. And for your information, we don't need temporary income to invest but rather we need a discrestionary income.

[BluebloodCXVI]

If you have a source of income and your decisions are long-term, if you are the breadwinner of the family, then spend your earned money consciously because unnecessary expenses can harm you financially, so always keep yourself away from unnecessary expenses, you do not need much to invest, if you have some basic ideas, you can start, the DCA strategy is the most important, it is effective for both classes of people, it is important for a person to have a strong decision because they can bring their own success through hard work,

You’re over-emphasizing about how important DCA is and why folks should use it, but you fail to put their financial circumstances into consideration first before talking about investment strategy.

I don’t think a person can properly invest in bitcoin if their finances are shaky or can’t figure out their discretionary income.
So in a case like this, the strategy you choose to use doesn’t really matter if there’s no spare money to put the strategy to the test; so in other-words, the strategy you use or wanna use is not gonna compensate for your lack of money to invest.

[Padi24]

If you have a source of income and your decisions are long-term, if you are the breadwinner of the family, then spend your earned money consciously because unnecessary expenses can harm you financially, so always keep yourself away from unnecessary expenses, you do not need much to invest, if you have some basic ideas, you can start, the DCA strategy is the most important, it is effective for both classes of people, it is important for a person to have a strong decision because they can bring their own success through hard work,

Mind you! You're not investing from your source of income; But from your discretionary income that's the money you get after all your expenses its been figured out. And I like the fact that you're advising people to stay away from unnecessary expenses, but remember what you think its unnecessary might be necessary for some people so in that case I would advice that even though they are going to spend their earned money however they like but it should be after they must have sort Their expenses then another thing is to figure out their discretionary funds and backup funds then whatever it is that they will like to do with their discretionary spending it's thier business.

[SPIDERMAN008]

Mind you! You're not investing from your source of income; But from your discretionary income that's the money you get after all your expenses its been figured out. And I like the fact that you're advising people to stay away from unnecessary expenses, but remember what you think its unnecessary might be necessary for some people so in that case I would advice that even though they are going to spend their earned money however they like but it should be after they must have sort Their expenses then another thing is to figure out their discretionary funds and backup funds then whatever it is that they will like to do with their discretionary spending it's thier business.

You have created a contradiction between source of income and discretionary income at the beginning. But you have to understand that discretionary income comes from within the income source. A person is actually investing in Bitcoin from his income source, but he is using the discretionary part with the part that is left over from all his necessary expenses. And the backup fund is not a separate source outside the source of income. That too is built from past or current discretionary income. Your point about unnecessary expenses is correct. What is unnecessary for me, may be necessary for someone else. Just as every person has this freedom, how a person will invest also depends on his financial situation and lifestyle.

[Hewlet]

It is not necessary to have a stable source of income to invest, but it is better to have it because there are many benefits to investing in it, although it is not mandatory that it must be there. We should only find temporary income and invest from it, because if someone invests from other money, then he may have many problems in continuing his investment. Along with our investment, we should also create an emergency fund. Because unexpected dangers can come in our lives, the importance of an emergency fund is immense to manage investments safely in the field.

First you should understand the meaning of these two words, necessary and mandatory so you don't use them wrongly, necessary means something that is very important while mandatory is more like something one must have or do. So bringing this to Bitcoin investment, stable source of income is very important because it can help an investor overcome some challenges yet it is not a must to have it before one can start since we can get discretionary income from any kind of income. And for your information, we don't need temporary income to invest but rather we need a discrestionary income.

It’s possible to invest without having a regular stream of income but it’s not advisable to do that because it’s going to stress you and stress the hell out of your investment strategy. Investment generally means that you’re setting apart a portion of the amount you’re earning at present for future gains. If you’re not with enough that allows you to leave out extra for future usage, investing becomes tiring.

If you’re passionate about starting your investment journey even when you’re struggling financially, and you have the means of doing so, you can do it but the safest thing that is required is that you build your finance and ensure there’s a system that funds your investment plans.

[Frankolala]

We should only find temporary income and invest from it,

Temporary means within a short time and you don't need temporary income to DCA because it wouldn't serve you to DCA with it over a long period of time and that's the main focus to build your bitcoin investment which is continuous buying for 4-10 years and above till you reach your bitcoin target.

You need a discretionary income to get started and if your discretionary income isn't enough and you have to save it up for 2-3 months before it will get to $10, you buy when it's available and look for other means to improve your income by learning a skill or get a second job in order for you to use your second means of income as your discretionary income to DCA consistent and persistent overtime. A stable discretionary income is what can keep your bitcoin accumulation ongoing till you reach your target.

[Futurexxx]

It’s possible to invest without having a regular stream of income but it’s not advisable to do that because it’s going to stress you and stress the hell out of your investment strategy. Investment generally means that you’re setting apart a portion of the amount you’re earning at present for future gains. If you’re not with enough that allows you to leave out extra for future usage, investing becomes tiring.

If you’re passionate about starting your investment journey even when you’re struggling financially, and you have the means of doing so, you can do it but the safest thing that is required is that you build your finance and ensure there’s a system that funds your investment plans.

Looking for a source of a discretionary income is the right thing someone that intend investing in Bitcoin should do, if he doesn't have it in place, because investment in Bitcoin should only be done from our discretionary income, but if he has no source of discretionary income,  then he has no business investing in Bitcoin in such a sorry state, but rather he should look for a job or a business that can stand as a source of discretionary income, so he can invest consistently, since it's only through consistent accumulation he can build a valuable stash of Bitcoin that can position him to be successful if Bitcoin can live up to it expectations in the future and rise to a million dollars or more.

[Y3shot]

It is not necessary to have a stable source of income to invest, but it is better to have it because there are many benefits to investing in it, although it is not mandatory that it must be there. We should only find temporary income and invest from it, because if someone invests from other money, then he may have many problems in continuing his investment. Along with our investment, we should also create an emergency fund. Because unexpected dangers can come in our lives, the importance of an emergency fund is immense to manage investments safely in the field.

The most important thing is that for one to be able to invest in Bitcoin consistently, it requires income from which discretionary income can be allocated for Bitcoin investment. Income is a major concern when it comes to Bitcoin investment, and one of the interesting aspects is that it doesn't require so much that people will be unable to afford it. A steady source of income is not a criterion to invest in Bitcoin; what one simply needs is income. However, if an investor is motivated by the investment to obtain a steady source of income to invest aggressively, then it is not a bad move. For those who don't have the opportunity for a steady income, they can still invest the amount they can afford to lose, as long as they have income to invest.

[Junii]

Some people believe and think that plenty source of income means availability of discretionary income but may i inform you that, this believe and thinking is very wrong, there is this thing people always say " plenty money, plenty problem and responsibility" some of the people who has plenty source of income can barely sort  out a discrestionary income to use in Bitcoin investment because of needs and other responsibilities, sometimes people with small income tends to do better. So it is not just about source of income but about needs and responsibilities.

Bro i agree with u actually the game is between the income and financial expenses and responsibilities. Multiple income sources are good because it gives you benefits like if one source closes there is still other sources that generates money for you but if someone has many sources but there financial responsibilities and expenses are still bigger then the income of there sources then it won't benefit them as compared to a person who has few income sources but his/her expenses are small and controlled.   

[Stive009]

If you have a source of income and your decisions are long-term, if you are the breadwinner of the family, then spend your earned money consciously because unnecessary expenses can harm you financially, so always keep yourself away from unnecessary expenses, you do not need much to invest, if you have some basic ideas, you can start, the DCA strategy is the most important, it is effective for both classes of people, it is important for a person to have a strong decision because they can bring their own success through hard work,

While it is indeed true that keeping a check on spending and minimizing any unnecessary expenses may go a long way in building up Bitcoin reserves in the future in my opinion there is another aspect that he should look at as well.

As he happens to be the only earning member of his family he could look into ways through which he could actually increase his earnings rather than concentrating on the expenditure side alone. He could if time and energy permit take up a business activity of some kind or even undertake part time employment along with his full time job. This could result in his earning additional money besides his regular income which could then be used for building an emergency reserve fund and accumulating Bitcoin regularly.

[SDS11]

Temporary means within a short time and you don't need temporary income to DCA because it wouldn't serve you to DCA with it over a long period of time and that's the main focus to build your bitcoin investment which is continuous buying for 4-10 years and above till you reach your bitcoin target.

You need a discretionary income to get started and if your discretionary income isn't enough and you have to save it up for 2-3 months before it will get to $10, you buy when it's available and look for other means to improve your income by learning a skill or get a second job in order for you to use your second means of income as your discretionary income to DCA consistent and persistent overtime. A stable discretionary income is what can keep your bitcoin accumulation ongoing till you reach your target.

Exactly, in as much as stable or steady source of income is not a criteria to invest in bitcoin, an investor should not use a temporary income to invest in bitcoin. Some of the issue or problem some investors are having or do have is as a result of not knowing what should have been or what was supposed to be done. bitcoin investment is not running away so there is no need chasing it because what will someone gain to chase bitcoin and later end up stranded on the way? i believe we can answer this question ourselves, my advise to every no coiner is that, do not pressure yourself or force yourself into investing in bitcoin because it will stress you later if you do..., instead work and position yourself.

[Son Of Blockchain (SOB)]

Some people believe and think that plenty source of income means availability of discretionary income but may i inform you that, this believe and thinking is very wrong, there is this thing people always say " plenty money, plenty problem and responsibility" some of the people who has plenty source of income can barely sort  out a discrestionary income to use in Bitcoin investment because of needs and other responsibilities, sometimes people with small income tends to do better. So it is not just about source of income but about needs and responsibilities.

Bro i agree with u actually the game is between the income and financial expenses and responsibilities. Multiple income sources are good because it gives you benefits like if one source closes there is still other sources that generates money for you but if someone has many sources but there financial responsibilities and expenses are still bigger then the income of there sources then it won't benefit them as compared to a person who has few income sources but his/her expenses are small and controlled.   

Having many source of income is an advantage and anyone who can't manage their income properly to be able to meet up important expenses and generate discretionary fund is an unseriousness person cause regardless of the responsibility having more income sources is enough reason why someone should have a leftover fund.
 If people with one source can manage to generate a discretionary fund then someone that has multiple ways of generating income has no excuse for not being able to generate the discretionary funds, what happens to cutting down expenses of unnecessary activities where money is channeled into?

[Rockson1]

It is not necessary to have a stable source of income to invest, but it is better to have it because there are many benefits to investing in it, although it is not mandatory that it must be there. We should only find temporary income and invest from it, because if someone invests from other money, then he may have many problems in continuing his investment. Along with our investment, we should also create an emergency fund. Because unexpected dangers can come in our lives, the importance of an emergency fund is immense to manage investments safely in the field.

Not necessarily but important, now we need to discover our discreationary income for sources available right, and that is for the meantime, for sustenance of our Bitcoin acumulation, we can not role out the importance of extra or will I call it multiple streams of income, as much as we need discretionary income which I will say that it is the propeller or enabler of our Bitcoin acumulation, there should be source or sources where we get our discreationary irrespective of how small it is, although there are individuals that may not still be able to figure out their discretionary even with their multiple steams of income, which could be as a result of mismanagement of funds (mispriority).

[As-Soon-As]

Looking for a source of a discretionary income is the right thing someone that intend investing in Bitcoin should do, if he doesn't have it in place, because investment in Bitcoin should only be done from our discretionary income, but if he has no source of discretionary income,  then he has no business investing in Bitcoin in such a sorry state, but rather he should look for a job or a business that can stand as a source of discretionary income, so he can invest consistently, since it's only through consistent accumulation he can build a valuable stash of Bitcoin that can position him to be successful if Bitcoin can live up to it expectations in the future and rise to a million dollars or more.

It is natural for any person to earn some amount of money because he is engaged in some work, but if you think that if you can free yourself from extra expenses, then you will definitely be successful in Bitcoin investment and will be able to maintain the continuity of Bitcoin purchase. For example, if you can make yourself aware of all these things like going to the cinema, eating ice cream in the park and eating nuts and chatting with friends.
Then you can definitely invest in Bitcoin, because if you can get $ 5 from that extra waste weekly, then you can add that amount to your main holding. Then you can easily maintain continuity in Bitcoin investment, if you can follow the Bitcoin investment strategies, then investing in Bitcoin will become much easier for you.

[Obulis]

If you have a source of income and your decisions are long-term, if you are the breadwinner of the family, then spend your earned money consciously because unnecessary expenses can harm you financially, so always keep yourself away from unnecessary expenses, you do not need much to invest, if you have some basic ideas, you can start, the DCA strategy is the most important, it is effective for both classes of people, it is important for a person to have a strong decision because they can bring their own success through hard work,

You’re over-emphasizing about how important DCA is and why folks should use it, but you fail to put their financial circumstances into consideration first before talking about investment strategy.

LodBtcfast55 saying that DCA strategy is the most important isn't in any way overemphasis on the importance of DCA strategy after giving a situation where a newbie has little income. And went to point out a definite financial management of cutting unnecessary expenses that can help this newbie with the chances of figuring out their discretionary funds that should be used to accumulate Bitcoin. Avoiding unnecessary spendings as @LodBtcfast55 said means understanding your financial situations or circumstances.