Does the DCA strategy inspire newbies to invest?

[Barikui1]

This is the reason why they said that if we come to investments we should invest the amounts of money that we can able to afford to lose, because a person who is plan to hold for a long period of time will not carry all the money he/she have to invest without any backup like emergency funds as you stated earlier.

That’s why it’s good for every investors to have steady income so that once they invest they won’t be thinking otherwise about the investments or financial insecurity, and because of the unexpected dangers that will come our way during holding; which is why is very important for each an every investors to be vigilant.

I think that what is more important for every bitcoin investor is figuring out his discretionary income or source of his discretionary income, not steady income as you proclaimed, because having a steady income doesn't guarantees anything, since your income may be a bit steady, but you might struggle or unable to figure out your discretionary income to invest with, so having a discretionary income to invest with is the most important thing, not a steady income as you are saying.

[cyberninja2]

I think that what is more important for every bitcoin investor is figuring out his discretionary income or source of his discretionary income, not steady income as you proclaimed, because having a steady income doesn't guarantees anything, since your income may be a bit steady, but you might struggle or unable to figure out your discretionary income to invest with, so having a discretionary income to invest with is the most important thing, not a steady income as you are saying.

It's like a rich person who has a lot of wealth or money but doesn't understand how to turn that money around. For example if the rich person wants a business or venture that can turn their money around, but they have no experience in that field at all I think this is very difficult to achieve.

This is also exactly the same as what you said that every investor must have or seek knowledge about discretionary income so that investors can easily do it for this investment because before doing it, of course they already have first sought out how to know the right way to do it so that in the end, they are investors who are very easy and comfortable in investing and can be sustainable because they have previously found out their cash flow income or the sources of income they have.

[riscohen4]

DCA is not necessarily boring, especially if you ongoingly work on your cashflows and figure out ways to increase your aggressiveness.

There could be some "boring" aspect in terms of not needing to give much if any emphasis to bitcoin prices, so for example, maybe a guy has a plan to try to prioritize bitcoin investing, and even though on average he is investing around $100 per week bitcoin, yet some weeks he is able to invest close to $300 into bitcoin (based on his cashflows that week) and other weeks, he is only able to invest around $40 or $50.. even though he might have had set up some side funds so that no matter what he buys $40 per week, and another thing that he did is to set his buys to happen anywhere between Friday and the following Thursday.  He tends to get paid on Fridays.. and so he will sometimes strategize his buys within the week (at least when he has time, since some weeks he has several activities on his schedule and he might not have time to manually make his weekly buys).. so if he has a plan that if by Thursday at 8pm, he had not made his weekly buy, he will buy at any price at that time, since on Friday, he will have a new paycheck that comes available.

Maybe he had been carrying out his plans for 6 months, and he has been also building his cashflow management, which is another thing that he considers to be interesting about his carrying out of his cashflow management for the purpose of freeing up more discretionary funds, if he is able to figure out some ways to do it.

Yeah, I actually agree with this. DCA isn’t really boring the way people make it sound, especially if you’re actively trying to improve your cashflow. Once you start earning more or just managing your money better, your DCA kind of adjusts on its own. some weeks you can go heavier, other weeks you keep it light, but the key thing is you’re still showing up and stacking consistently.
I also like the flexibility in that approach you highlighted about setting a minimum so you don’t miss your buys, but still allowing yourself to take advantage of weeks when you have extra cash, I think that’s a solid balance. It keeps you disciplined without making the whole thing feel too strict or robotic.
And honestly, that’s where it gets interesting. The strategy itself is simple, but the real work is in how you manage your money behind the scenes. Figuring out how to free up more cash, increase your income, and put more into your investments over time, that’s the real game. That’s what separates someone who is just casually buying Bitcoin from someone who is actually building something meaningful.

So true man, DCA isn’t meant to be boring at all, especially when you’re actively trying to increase your cashflow and becoming more flexible with your buys. Like some weeks you can go a bit heavier, some weeks you just maintain the normal pace, that balance alone makes the whole accumulation process feel more enjoyable.

Even me self, sometimes when I’m able to buy a bit more heavier than my previous buy, it gives me this good feeling lowkey, like you can actually see yourself progressing gradually instead of just doing the same fixed pattern every single time. That’s why I feel those strict one pattern only type of DCA styles can make Journey feel too robotic after a while. If you can be flexible while still staying consistent, it can make the journey feel more natural.

[Taskford]

DCA is not necessarily boring, especially if you ongoingly work on your cashflows and figure out ways to increase your aggressiveness.

There could be some "boring" aspect in terms of not needing to give much if any emphasis to bitcoin prices, so for example, maybe a guy has a plan to try to prioritize bitcoin investing, and even though on average he is investing around $100 per week bitcoin, yet some weeks he is able to invest close to $300 into bitcoin (based on his cashflows that week) and other weeks, he is only able to invest around $40 or $50.. even though he might have had set up some side funds so that no matter what he buys $40 per week, and another thing that he did is to set his buys to happen anywhere between Friday and the following Thursday.  He tends to get paid on Fridays.. and so he will sometimes strategize his buys within the week (at least when he has time, since some weeks he has several activities on his schedule and he might not have time to manually make his weekly buys).. so if he has a plan that if by Thursday at 8pm, he had not made his weekly buy, he will buy at any price at that time, since on Friday, he will have a new paycheck that comes available.

Maybe he had been carrying out his plans for 6 months, and he has been also building his cashflow management, which is another thing that he considers to be interesting about his carrying out of his cashflow management for the purpose of freeing up more discretionary funds, if he is able to figure out some ways to do it.

Yeah, I actually agree with this. DCA isn’t really boring the way people make it sound, especially if you’re actively trying to improve your cashflow. Once you start earning more or just managing your money better, your DCA kind of adjusts on its own. some weeks you can go heavier, other weeks you keep it light, but the key thing is you’re still showing up and stacking consistently.
I also like the flexibility in that approach you highlighted about setting a minimum so you don’t miss your buys, but still allowing yourself to take advantage of weeks when you have extra cash, I think that’s a solid balance. It keeps you disciplined without making the whole thing feel too strict or robotic.
And honestly, that’s where it gets interesting. The strategy itself is simple, but the real work is in how you manage your money behind the scenes. Figuring out how to free up more cash, increase your income, and put more into your investments over time, that’s the real game. That’s what separates someone who is just casually buying Bitcoin from someone who is actually building something meaningful.

Both of you give meaningful point, Because after all DCA should not be a boring strategy to use if they connect it on their discipline handling their cash flow. The true advantage is this strategy can adopt on our income. There's provably some weeks that we can go heavy accumulation and the other will be fewer, but what's important is we don't stop buying.

Setting up something like minimum amount to spend will help us to became consistent, As we free more cash and then try to grow our income, those efforts we made will provably turn into more realistic wealth building. This is the real difference between doing casual buys on Bitcoin and trying to became strategic for improving our portfolios for long term.

[The Founding Titan]

DCA is not necessarily boring, especially if you ongoingly work on your cashflows and figure out ways to increase your aggressiveness.

There could be some "boring" aspect in terms of not needing to give much if any emphasis to bitcoin prices, so for example, maybe a guy has a plan to try to prioritize bitcoin investing, and even though on average he is investing around $100 per week bitcoin, yet some weeks he is able to invest close to $300 into bitcoin (based on his cashflows that week) and other weeks, he is only able to invest around $40 or $50.. even though he might have had set up some side funds so that no matter what he buys $40 per week, and another thing that he did is to set his buys to happen anywhere between Friday and the following Thursday.  He tends to get paid on Fridays.. and so he will sometimes strategize his buys within the week (at least when he has time, since some weeks he has several activities on his schedule and he might not have time to manually make his weekly buys).. so if he has a plan that if by Thursday at 8pm, he had not made his weekly buy, he will buy at any price at that time, since on Friday, he will have a new paycheck that comes available.

Maybe he had been carrying out his plans for 6 months, and he has been also building his cashflow management, which is another thing that he considers to be interesting about his carrying out of his cashflow management for the purpose of freeing up more discretionary funds, if he is able to figure out some ways to do it.

Yeah, I actually agree with this. DCA isn’t really boring the way people make it sound, especially if you’re actively trying to improve your cashflow. Once you start earning more or just managing your money better, your DCA kind of adjusts on its own. some weeks you can go heavier, other weeks you keep it light, but the key thing is you’re still showing up and stacking consistently.
I also like the flexibility in that approach you highlighted about setting a minimum so you don’t miss your buys, but still allowing yourself to take advantage of weeks when you have extra cash, I think that’s a solid balance. It keeps you disciplined without making the whole thing feel too strict or robotic.
And honestly, that’s where it gets interesting. The strategy itself is simple, but the real work is in how you manage your money behind the scenes. Figuring out how to free up more cash, increase your income, and put more into your investments over time, that’s the real game. That’s what separates someone who is just casually buying Bitcoin from someone who is actually building something meaningful.

So true man, DCA isn’t meant to be boring at all, especially when you’re actively trying to increase your cashflow and becoming more flexible with your buys. Like some weeks you can go a bit heavier, some weeks you just maintain the normal pace, that balance alone makes the whole accumulation process feel more enjoyable.

Even me self, sometimes when I’m able to buy a bit more heavier than my previous buy, it gives me this good feeling lowkey, like you can actually see yourself progressing gradually instead of just doing the same fixed pattern every single time. That’s why I feel those strict one pattern only type of DCA styles can make Journey feel too robotic after a while. If you can be flexible while still staying consistent, it can make the journey feel more natural.

Flexibility is one of the reasons that makes the DCA the go to investment strategy for everyone, but that flexibility shouldn't push you start competing with yourself over nothing, if you have more discretionary income then by all means you can buy more bitcoin and the same can also be said if you have less discretionary income, you shouldn't be pushing to buy more after each buy to the point of seeing the possibility of buying less as a loss, if your discretionary income can't buy more then there is nothing wrong with buying less, don't be pushed into buying outside of your discretionary income simply because you see buying less as a set back, a huddle you have to clear, you are not competing with anyone, the process is a gradual one, don't push the boundaries of the DCA strategy by telling yourself you just have to keep climbing up with how much you invest, being aggressive is not bad as long as it's done within what your discretionary income allows.

[Rockson1]

This is the reason why they said that if we come to investments we should invest the amounts of money that we can able to afford to lose, because a person who is plan to hold for a long period of time will not carry all the money he/she have to invest without any backup like emergency funds as you stated earlier.

That’s why it’s good for every investors to have steady income so that once they invest they won’t be thinking otherwise about the investments or financial insecurity, and because of the unexpected dangers that will come our way during holding; which is why is very important for each an every investors to be vigilant.

I will straight with my response to what you said here,  we do not need to have a steady income to invest in Bitcoin but I won't dispute the fact that steady income is important but that is not what we need to invest, we actually need to have a discretionary income to invest, this discreationary income can come from source that is not stable, it means we need to have a source that we can figure out our discreationary income from, maybe you have heard that Bitcoin investment is a very smart one, this is one of the reason why such is been said, maybe I have said this before, there are persons that have stable income but may not still know how to figure out their discreationary income.
Stable income does not safeguard your Bitcoin rather what does is your emergency funds I think you're missing up things, you create your emergency funds along side with your Bitcoin acumulation to enable you safeguard your investment, if do not have emergency funds available when emergency comes, it becomes a problem.

[Jody.Drummer]

we need to make sure we have enough funds set aside for both investments and other expenses.

To be honest, I'm not trying to say the other part of your comments which I removed are totally wrong but the bold part of your comment seems wrong because it sounds like one must save to invest with the money same money they saved (correct me if I'm wrong here). It also seems like you are trying to say that if one doesn't have a stable income they shouldn't invest yet, which is misleading. Truth is that if you save money before you invest you might end up not investing at all because you will want to save up to a certain amount before you start and you might end up procrastinating in the future (today, tomorrow) and it might take forever before you get started. One is certain that you might definitely miss out some good opportunities from the market.
One thing I'm sure of is that if you are waiting for things to be 100% okay or let's say too perfect (which is always not) you will never learn early, so it's better to start buying Bitcoin with the little money you have on your discretionary income, and same time try to understand your cash flow more and also create opportunity for other side hustle if you have the opportunity to do so.

I guess you don't remember that saving alot of money without investing with it will reduce its worth, because inflation will definitely affect your savings in no distant time. However, I guess only fear can make an investor to save money instead of investing with it but truth be told that inflation will affect it.

Maybe it’s not exactly about saving, but rather about having a reserve fund or an emergency fund first. But that doesn’t mean you have to save up first before investing, because you can invest anytime as long as you have the money. And in my opinion, saving is a personal habit if people are used to saving from a young age because of their parents’ upbringing, then they’ll already have savings even before they start investing. But to start investing, you don’t have to save first, because if we wait like that, we might never actually start investing though that’s not guaranteed either.  So what I mean is that having an emergency fund is important before starting to inves it can be very helpful, and even if we don’t invest having this emergency fund is still important.

[laspol65]

This is the reason why they said that if we come to investments we should invest the amounts of money that we can able to afford to lose, because a person who is plan to hold for a long period of time will not carry all the money he/she have to invest without any backup like emergency funds as you stated earlier.

That’s why it’s good for every investors to have steady income so that once they invest they won’t be thinking otherwise about the investments or financial insecurity, and because of the unexpected dangers that will come our way during holding; which is why is very important for each an every investors to be vigilant.

I think that what is more important for every bitcoin investor is figuring out his discretionary income or source of his discretionary income, not steady income as you proclaimed, because having a steady income doesn't guarantees anything, since your income may be a bit steady, but you might struggle or unable to figure out your discretionary income to invest with, so having a discretionary income to invest with is the most important thing, not a steady income as you are saying.

If a person has a sincere desire to invest in Bitcoin, then he will be able to invest in Bitcoin with any income. Because that person is holding Bitcoin for the future, it will be better to take the only risk, because if he invests in Bitcoin according to his ability, it will be easier for him to keep it for a long time. Because the investor will invest some money to eliminate financial shortages in the future, it is a discretionary or prudent income, any income will be possible to invest here.
Investing in Bitcoin in the current position will be the best plan, so every responsible person should participate in Bitcoin investment according to his ability, he can create the ability to invest in Bitcoin with any income

[Finebone]

If a person has a sincere desire to invest in Bitcoin, then he will be able to invest in Bitcoin with any income. Because that person is holding Bitcoin for the future, it will be better to take the only risk, because if he invests in Bitcoin according to his ability, it will be easier for him to keep it for a long time. Because the investor will invest some money to eliminate financial shortages in the future, it is a discretionary or prudent income, any income will be possible to invest here.
Investing in Bitcoin in the current position will be the best plan, so every responsible person should participate in Bitcoin investment according to his ability, he can create the ability to invest in Bitcoin with any income

This is a very bad advice you are giving out here, and it's very misleading to be saying such a thing that as long as a person have the desire to invest in bitcoin, he can invest with any income he wants, that's wrong because troubles always comes up when you invest away from your discretionary income, because if you fail to do the right thing by investing only from your discretionary income, you will later temper with it later in the future, just to sort out one important basic needs that you failed to attend to before going ahead to invest, so you should stop trying to mislead newbies here with such an outrageous statement that you can invest with any income if you have the sincere desires to invest, because that's misleading.

[Bright0515]

we need to make sure we have enough funds set aside for both investments and other expenses.

To be honest, I'm not trying to say the other part of your comments which I removed are totally wrong but the bold part of your comment seems wrong because it sounds like one must save to invest with the money same money they saved (correct me if I'm wrong here). It also seems like you are trying to say that if one doesn't have a stable income they shouldn't invest yet, which is misleading. Truth is that if you save money before you invest you might end up not investing at all because you will want to save up to a certain amount before you start and you might end up procrastinating in the future (today, tomorrow) and it might take forever before you get started. One is certain that you might definitely miss out some good opportunities from the market.
One thing I'm sure of is that if you are waiting for things to be 100% okay or let's say too perfect (which is always not) you will never learn early, so it's better to start buying Bitcoin with the little money you have on your discretionary income, and same time try to understand your cash flow more and also create opportunity for other side hustle if you have the opportunity to do so.

I guess you don't remember that saving alot of money without investing with it will reduce its worth, because inflation will definitely affect your savings in no distant time. However, I guess only fear can make an investor to save money instead of investing with it but truth be told that inflation will affect it.

Maybe it’s not exactly about saving, but rather about having a reserve fund or an emergency fund first.

I are right but the bold part of your comments seems wrong to me though because if a beginner should wait until they set up money for emergency in other for things to be perfect before they start, they might end up waiting forever because things doesn't just work that way. As an investor what's important is starting immediately so long as you already have a source to provide money for yourself and from the money you are making through your source of income you can actually figure out your discretionary income and then start stacking Bitcoin from your discretionary income. So what I'm trying to say here is that waiting for things to be perfect will eventually delay someone from buying Bitcoin, so they just need to start buying Bitcoin with their spare money which is also known as their discretionary income.

But that doesn’t mean you have to save up first before investing,

This looks more like you are contradicting yourself because from the first bold part of your statement you said this

but rather about having a reserve fund or an emergency fund first

And now you are also saying that beginners shouldn't save before investing in Bitcoin. By the way that's true but your first comment seems very wrong.
From my little knowledge so far I believe that savings, reserve funds and emergency funds are similar because they are just money which will be used during an unexpected financial or none financial challenges (cuz money solves 95% of challenges.

But to start investing, you don’t have to save first,

That's right.

So what I mean is that having an emergency fund is important before starting to inves it can be very helpful, and even if we don’t invest having this emergency fund is still important.

No doubt about the fact that even this someone is not a Bitcoin investor they still need savings. But honestly, let's  think of the fact that everyone is not the same because not everyone has savings, but if they eventually gets interest to invest into Bitcoin and they have a source of income, they should get started immediately and while they are investing they can literally learn the importance of having or let's say saving for an emergency.

[Showlove01]

This is the reason why they said that if we come to investments we should invest the amounts of money that we can able to afford to lose, because a person who is plan to hold for a long period of time will not carry all the money he/she have to invest without any backup like emergency funds as you stated earlier.

That’s why it’s good for every investors to have steady income so that once they invest they won’t be thinking otherwise about the investments or financial insecurity, and because of the unexpected dangers that will come our way during holding; which is why is very important for each an every investors to be vigilant.

I think that what is more important for every bitcoin investor is figuring out his discretionary income or source of his discretionary income, not steady income as you proclaimed, because having a steady income doesn't guarantees anything, since your income may be a bit steady, but you might struggle or unable to figure out your discretionary income to invest with, so having a discretionary income to invest with is the most important thing, not a steady income as you are saying.

If a person has a sincere desire to invest in Bitcoin, then he will be able to invest in Bitcoin with any income. Because that person is holding Bitcoin for the future, it will be better to take the only risk, because if he invests in Bitcoin according to his ability, it will be easier for him to keep it for a long time. Because the investor will invest some money to eliminate financial shortages in the future, it is a discretionary or prudent income, any income will be possible to invest here.
Investing in Bitcoin in the current position will be the best plan, so every responsible person should participate in Bitcoin investment according to his ability, he can create the ability to invest in Bitcoin with any income

I disagree with you dude and this your opinion is very wrong and misleading because having the desire to invest for long term in Bitcoin doesn't warrant someone to invest with any income I mean how will you even suggest for someone to use money meant for his or her essential needs to invest in Bitcoin? This alone shows you have not been following up JJG teachings so well because if you do, you should be able to know what is wrong and what is right in Bitcoin investment. NOTE: the only funds we should use for our Bitcoin investment is our discretionary income regardless of our desire.

[Zackz5000]

This is the reason why they said that if we come to investments we should invest the amounts of money that we can able to afford to lose, because a person who is plan to hold for a long period of time will not carry all the money he/she have to invest without any backup like emergency funds as you stated earlier.

That’s why it’s good for every investors to have steady income so that once they invest they won’t be thinking otherwise about the investments or financial insecurity, and because of the unexpected dangers that will come our way during holding; which is why is very important for each an every investors to be vigilant.

I think that what is more important for every bitcoin investor is figuring out his discretionary income or source of his discretionary income, not steady income as you proclaimed, because having a steady income doesn't guarantees anything, since your income may be a bit steady, but you might struggle or unable to figure out your discretionary income to invest with, so having a discretionary income to invest with is the most important thing, not a steady income as you are saying.

I also think it's better to also have a stable income instead of not having a stable income even though having a stable income is not way part that we must invest in Bitcoin because it's not easy for any investor to maintain his regular accumulating of Bitcoin for a long time without having a source of income since it's from the source of income that such investor can generate his discretionary income to invest in Bitcoin so having a stable income is also better for investing in Bitcoin for a period of 4-10 and above.

[Rubuchi]

I think that what is more important for every bitcoin investor is figuring out his discretionary income or source of his discretionary income, not steady income as you proclaimed, because having a steady income doesn't guarantees anything, since your income may be a bit steady, but you might struggle or unable to figure out your discretionary income to invest with, so having a discretionary income to invest with is the most important thing, not a steady income as you are saying.

I bet you some people don’t even finish knowing what discretionary income means and they are already planning to venture into bitcoin investment. As a friend or brother my advice to anybody who has the plans to invest in bitcoin should go and acquire a proper knowledge on financial discipline and discretionary income. An investor needs to understand what financial discipline means and how to practice that in person before planning on investment if they want to get involved continuously for a long period of time but they must also learn the art of investing and sparing your discretionary income for your own personal use and emergencies.

[Sim_card]

Investing in Bitcoin in the current position will be the best plan, so every responsible person should participate in Bitcoin investment according to his ability, he can create the ability to invest in Bitcoin with any income

Don't get it twisted You don't need to invest with any income but your discretionary income. Discretionary income is the amount of money that you can afford to lose. If you invest with any income, it means that if your needs arises, you will sell at loss to take care of your needs if bitcoin price is below your entry point. Before you invest in bitcoin, you should first take care of your basic needs and monthly expenses to avoid premature sales. Anyone that invest with the amount of money that you cannot afford to lose is gambling and not investing.

So what I mean is that having an emergency fund is important before starting to inves it can be very helpful, and even if we don’t invest having this emergency fund is still important.

No, it's not important or a criteria before you can start your bitcoin investment. If any brand new investor doesn't have any form of backup funds before he decides to start his bitcoin investment, he shouldn't see that as a problem because he can start buying bitcoin and build his emergency funds simultaneously, with his bitcoin investment so that, he doesn't keep waiting for a long time and miss out a lot of opportunities in the market.

It can take up to a year or more for a low income earner to build his emergency funds of at least three months of his monthly expenses. It better to be a low coiner than waiting as a no coiner for no reason. Don't forget that fiat depreciates overtime which makes it not a wise decision to pile up fiat and ignore the important thing which is buying bitcoin immediately, and hodli for long because bitcoin saves the value of your money.

You should avoid anything that will keep you waiting before buying bitcoin because it's a big setback in your bitcoin accumulation journey. Bitcoin price and time waits for no one.

[Joeboy]

If a person has a sincere desire to invest in Bitcoin, then he will be able to invest in Bitcoin with any income. Because that person is holding Bitcoin for the future, it will be better to take the only risk, because if he invests in Bitcoin according to his ability, it will be easier for him to keep it for a long time. Because the investor will invest some money to eliminate financial shortages in the future, it is a discretionary or prudent income, any income will be possible to invest here.
Investing in Bitcoin in the current position will be the best plan, so every responsible person should participate in Bitcoin investment according to his ability, he can create the ability to invest in Bitcoin with any income

You are just confusing yourself with this very ideology of yours.. Bitcoin is a long term investment, and so it would be so unreasonable to invest in it using just any income... Using any income to invest could eventually lead to you selling your Bitcoin at a worst possible time, when a basic need arises... So why put yourself all through those trouble, when you could just make use of your Discretionary income to invest... The most appropriate money for investment is your discretionary income coz it is the money that is left after your basic needs and responsibilities have been sorted out ..

[BluebloodCXVI]

This is the reason why they said that if we come to investments we should invest the amounts of money that we can able to afford to lose

You’re correct actually, but for the sake of better clarity for others, I’d like to point out that the statement “invest what you can afford to lose” is not an advice for you to go and lose, rather it’s a warning to investors that they should not put themselves in a position where their survival depends on wether the market goes up or down. Nobody enters Bitcoin expecting losses, we all invest because we believe the asset will grow in value over time. But at the same time, smart investors understand that volatility is part of the game, especially with Bitcoin and that’s why the advice of “invest with money you can afford to lose “ exists. If someone uses money meant for important responsibilities like rent, feeding, bills, or emergencies to invest, any market downturn can immediately create pressure and fear for them and once fear enters, long-term investing becomes difficult because emotions start controlling their decisions.
So when people say you should invest what you can afford to lose, they’re not telling you to throw your money away or prepare your mind for failure 😄 The real message behind that advice is to avoid putting yourself under financial pressure because the market can move crazy sometimes. You can simultaneously build financial stability while you’re ongoingly investing.

That’s why it’s good for every investors to have steady income so that once they invest

What’s all this talk about have steady income before investing?, having stable income is not a prerequisite to kickstart your bitcoin accumulation. If that was the case many people would be no-coiners today, but that’s not the case. All you need to start your accumulation process is a source of cash inflow/income, it doesn’t have to be steady, and then figure out your discretionary income from it which you can then use to buy.

[Olatundespo]

I think that what is more important for every bitcoin investor is figuring out his discretionary income or source of his discretionary income, not steady income as you proclaimed, because having a steady income doesn't guarantees anything, since your income may be a bit steady, but you might struggle or unable to figure out your discretionary income to invest with, so having a discretionary income to invest with is the most important thing, not a steady income as you are saying.

I bet you some people don’t even finish knowing what discretionary income means and they are already planning to venture into bitcoin investment. As a friend or brother my advice to anybody who has the plans to invest in bitcoin should go and acquire a proper knowledge on financial discipline and discretionary income. An investor needs to understand what financial discipline means and how to practice that in person before planning on investment if they want to get involved continuously for a long period of time but they must also learn the art of investing and sparing your discretionary income for your own personal use and emergencies.

There is nothing wrong with a person starting out in Bitcoin investing without knowing everything. You don't need to know everything before you start. Learn about Bitcoin basic and start accumulation Bitcoin regularly. If you don't know about financial discipline initially, try to learn gradually. The main thing is that you have a discretionary income and accumulate Bitcoin regularly from there.

There is no need to waste time separately learning about what and how discretionary income works and financial discipline. Use the DCA method for Bitcoin and gain the necessary knowledge to continue investing for the long term as 4-10 years.

[Moreno233]

I think that what is more important for every bitcoin investor is figuring out his discretionary income or source of his discretionary income, not steady income as you proclaimed, because having a steady income doesn't guarantees anything, since your income may be a bit steady, but you might struggle or unable to figure out your discretionary income to invest with, so having a discretionary income to invest with is the most important thing, not a steady income as you are saying.

This is also exactly the same as what you said that every investor must have or seek knowledge about discretionary income so that investors can easily do it for this investment because before doing it, of course they already have first sought out how to know the right way to do it so that in the end, they are investors who are very easy and comfortable in investing and can be sustainable because they have previously found out their cash flow income or the sources of income they have.

Understanding discretionary income is not complicated and never something one should go extra miles in seeking knowledge of it. It is not right to make things complicated else it brings unnecessary bureaucracy to the process that is supposed to be easy to apply. Whenever an investor receives cash inflow, the first thing is to do is remove te money to take and settle basic needs and when that is done, whatever remains is called discretionary income. From the discretionary income, the investor will set up emergency funds, reserve funds float and even make the investmemt.

Whatever method a person decide to use for his Bitcoin accumulation,  the discretionary income does not change and it is not complicated to know since basic needs are already things we do regularly.

[Hardyrobust]

This is the reason why they said that if we come to investments we should invest the amounts of money that we can able to afford to lose, because a person who is plan to hold for a long period of time will not carry all the money he/she have to invest without any backup like emergency funds as you stated earlier.

That’s why it’s good for every investors to have steady income so that once they invest they won’t be thinking otherwise about the investments or financial insecurity, and because of the unexpected dangers that will come our way during holding; which is why is very important for each an every investors to be vigilant.

I think that what is more important for every bitcoin investor is figuring out his discretionary income or source of his discretionary income, not steady income as you proclaimed, because having a steady income doesn't guarantees anything, since your income may be a bit steady, but you might struggle or unable to figure out your discretionary income to invest with, so having a discretionary income to invest with is the most important thing, not a steady income as you are saying.

I also think it's better to also have a stable income instead of not having a stable income even though having a stable income is not way part that we must invest in Bitcoin because it's not easy for any investor to maintain his regular accumulating of Bitcoin for a long time without having a source of income since it's from the source of income that such investor can generate his discretionary income to invest in Bitcoin so having a stable income is also better for investing in Bitcoin for a period of 4-10 and above.

It is not a bad idea to have a stable source of income and I think if anyone has ever disputed this fact . However, it should not be an excuse for anyone not to start investing in bitcoin. The most important thing is for them to be able to figure out if they have discretionary income to invest with and not necessarily that they will have stable income.

[Doan9269]

The use of DCA strategy is very important for us to consider when it comes to long time approach and we intend to do our investment more conveniently without putting more stress on ourselves at the course, ca is a strategy that permit everyone to invest every month with the stipulated income will end and try to use it to buy the dip, which is on every market fall, then holding until the market rises, which will also give a newbie investors more chance to make profit after investing in Bitcoin because the have the capacity to hold on to the market become profitable to them before selling.