Balancing Financial security and Bitcoin Accumulation

[EG_O]

That's it. Waiting to gather much more or better capital before investing in Bitcoin can be termed as "procrastination in investment', and it's actually detrimental. We all know the price of Bitcoin is not promised and assured. It's always on the move, either upwards or opposite. If a low income earner keeps waiting to acquire something tangible before starting his Bitcoin accumulation process, am afraid such a person will or may never start. Using the DCA as opined is always the best. Invest bit by bit, watch it grow. Keep gathering, keep investing with the little you have. In years, you would have accumulated something tangible that you wouldn't have been able to keep before you started your investment journey.. slow and steady they say, wins the race

Yeah, that’s just the truth about the Bitcoin investment; it’s not advisable for anyone who has interest in investing in the Bitcoins or accumulated Bitcoin to keep waiting until he/she has much capital. Because the price of Bitcoin is not waiting for anyone, the higher the demand, the more the price also increases every blessed day, so in the case of a person who said that he will wait until he has gathered enough capital, I don’t think he will be able to afford to invest in Bitcoin anymore in the future.

The disadvantage of a person who has discretionary income present and deceiving themselves that they are gathering funds to accumulate bitcoin is not only that if the price of bitcoin goes higher in the future, they would keep procrastinating, but they are ignorant that they do not need to buy a whole bitcoin at once, there is DCA for them and they can buy in bits with no pressure and spend more time in the market instead of speculating outside it. Additionally, gathering and hedging fiat is like fetching water with a container that has a hole underneath, no matter the amount you fetch, it always reduces in value due to the action of inflation and currency depreciation on fiat. As long as you can identify that you have discretionary income available, there is no reason to wait, so it is best to to jump right in and start buying bitcoin with available discretionary income to avoid loosing time due to procrastination and worse loose value for your fiat due to inflation.

It is a total waste of time to wait any further when you already have a discretionary income at hand which you can use to invest in Bitcoin. Some people who engage in this kind of lifestyle don't get to achieve anything serious in other areas of their life because they have fear and weak spirits. Anybody that has discretionary income is supposed to be investing into Bitcoin no matter the price of Bitcoin at the moment. This will help you not to miss the next opportunity that will certainly come.

[Agbamoni]

You are absolutely correct, stable source of income is not a criteria someone ought to meet before they can invest in Bitcoin but it is good to have a stable source of income because if you are focused and determined to hold for long time, stable source of income will help you get there ( desire target) without much pressure because you will be able to allocate funds to different needs and wants and at same time grow your discretionary and emergency funds because these two are the ultimate for a healthy and smooth investment but regardless someone without this stable source of income can still do all these if they are very conscious about their investment and how to use their funds.

Well the both of you are misunderstanding what having a stable income can do for you when your investing. And you're also neglecting the fact that you cant keep up with your investment for a long term when you dont have a stable source of income. The reason why a stable source of income is important is not because of the investment alone, its because of the necessary things you must do before thinking about investment. I believe you know them. Without a stable source of income, you can't have an emergency fund, savings, and funds to care for your basic needs, talk more of to have discretionary income. It might make you want to tamper your investment.

[Olatundespo]

What amount do you classify as much capital. To start your investment you dont need an actual amount to start it, all you need is a stable job, an income, and a discretionary income from your actual income. With time you can have more passive income to increase the percentage of your discretionary income you do invest with, that is if you are using the dca strategy. However, most rich people prefer to lump sum, since they do not want to hesitate in having a good amount in their portfolio

You don't need a stable job to invest. You need a source of discretionary income to invest. There are many people whose source of income is not stable. You need to find discretionary income from your source of income.

There are many people who invest but they don't have a stable source of income. For example, when a contractor takes a job, you don't get paid until the work is completed. There are many types of jobs where you don't get paid until the work is completed. If they want, they can find discretionary income and invest through proper financial management.

You are absolutely correct, stable source of income is not a criteria someone ought to meet before they can invest in Bitcoin but it is good to have a stable source of income because if you are focused and determined to hold for long time, stable source of income will help you get there ( desire target) without much pressure because you will be able to allocate funds to different needs and wants and at same time grow your discretionary and emergency funds because these two are the ultimate for a healthy and smooth investment but regardless someone without this stable source of income can still do all these if they are very conscious about their investment and how to use their funds.

I think most of the times it very best to emphasize the importance of a well stable source of income for investing in Bitcoin, but also acknowledging that it's not a strict requirement. And also a stable source of income can provide financial security and flexibility, allowing investors to allocate funds to different needs and wants while growing thier discretionary and emergency funds.

Don't delay investing in Bitcoin for a stable source of income even if you have $10 available every week. I'm talking even if you don't have a stable source of income you should still start investing in Bitcoin. There are many people in our society who work on a weekly wage and their discretionary income is not satisfactory. Maybe they can save $15-$20 a week and their source of income can stop at any time. It is more beneficial for you to have a discretionary fund than a stable source of income to invest in Bitcoin.

Many investors have a stable source of income and can save Bitcoin based on their income. To keep Bitcoin investments going for the long term you can increase your emergency fund over time but you should be somewhat flexible in maintaining it initially because you may not need the emergency fund immediately. As a low income investor you should start accumulating Bitcoin.

[Ruttoshi]

You are absolutely correct, stable source of income is not a criteria someone ought to meet before they can invest in Bitcoin but it is good to have a stable source of income because if you are focused and determined to hold for long time, stable source of income will help you get there ( desire target) without much pressure because you will be able to allocate funds to different needs and wants and at same time grow your discretionary and emergency funds because these two are the ultimate for a healthy and smooth investment but regardless someone without this stable source of income can still do all these if they are very conscious about their investment and how to use their funds.

Well the both of you are misunderstanding what having a stable income can do for you when your investing. And you're also neglecting the fact that you cant keep up with your investment for a long term when you dont have a stable source of income. The reason why a stable source of income is important is not because of the investment alone, its because of the necessary things you must do before thinking about investment. I believe you know them. Without a stable source of income, you can't have an emergency fund, savings, and funds to care for your basic needs, talk more of to have discretionary income. It might make you want to tamper your investment.

I don't see why you are emphasizing more on a stable source of income instead of discretionary income for one to get started with his bitcoin investment. What will you say about those people who have a stable source of income without a discretionary income. Will those people be able to invest into bitcoin NO. Fine, stable source of income is needed to take care of your basic needs and monthly expenses but you need a discretionary income to use to set up your emergency funds and several backup funds. It's also your discretionary income that you need to invest in bitcoin.

However, a stable source of income that has a discretionary income is what can make us keeo our bitcoin investment ongoing for 4-10 years and above in order to build a good size of bitcoin stash. But it does not mean that if you don't have a stable source of income you should remain a no coiner when you have a discretionary income to put you in a low coiner level. This is why it's good that as you are investing into bitcoin, you should also be looking for other means to increase your income to improve your financial strength.

[Proty]

You are absolutely correct, stable source of income is not a criteria someone ought to meet before they can invest in Bitcoin but it is good to have a stable source of income because if you are focused and determined to hold for long time, stable source of income will help you get there ( desire target) without much pressure because you will be able to allocate funds to different needs and wants and at same time grow your discretionary and emergency funds because these two are the ultimate for a healthy and smooth investment but regardless someone without this stable source of income can still do all these if they are very conscious about their investment and how to use their funds.

Well the both of you are misunderstanding what having a stable income can do for you when your investing. And you're also neglecting the fact that you cant keep up with your investment for a long term when you dont have a stable source of income. The reason why a stable source of income is important is not because of the investment alone, its because of the necessary things you must do before thinking about investment. I believe you know them. Without a stable source of income, you can't have an emergency fund, savings, and funds to care for your basic needs, talk more of to have discretionary income. It might make you want to tamper your investment.

I don't see why you are emphasizing more on a stable source of income instead of discretionary income for one to get started with his bitcoin investment. What will you say about those people who have a stable source of income without a discretionary income. Will those people be able to invest into bitcoin NO. Fine, stable source of income is needed to take care of your basic needs and monthly expenses but you need a discretionary income to use to set up your emergency funds and several backup funds. It's also your discretionary income that you need to invest in bitcoin.

However, a stable source of income that has a discretionary income is what can make us keeo our bitcoin investment ongoing for 4-10 years and above in order to build a good size of bitcoin stash. But it does not mean that if you don't have a stable source of income you should remain a no coiner when you have a discretionary income to put you in a low coiner level. This is why it's good that as you are investing into bitcoin, you should also be looking for other means to increase your income to improve your financial strength.

Yes not having a stable source of income shouldn't impede us from investing in bitcoin as long as the needed discretionary income is available. The most important thing is if the needed discretionary income is there. Just like you said having a stable source of income doesn't mean that the needed discretionary income will be available. Therefore the most important thing is to know if we have the discretionary income to invest with ,as for having a stable source of income we can work towards it . We can stabilise our source of income while investing in bitcoin .

[Loyang]

Yes not having a stable source of income shouldn't impede us from investing in bitcoin as long as the needed discretionary income is available. The most important thing is if the needed discretionary income is there. Just like you said having a stable source of income doesn't mean that the needed discretionary income will be available. Therefore the most important thing is to know if we have the discretionary income to invest with ,as for having a stable source of income we can work towards it . We can stabilise our source of income while investing in bitcoin .

To invest, our source of income does not have to be stable. A person can have any source of income, if he can find a discretionary one through proper financial management, then he can start investing.

Let me give you a real example, there was a person in our area who was a daily wage earner. He used to stand at a place and if someone liked him, someone would call him for work. You cannot call this work of his as a stable income. He can invest even if he wants to, he can invest with the amount of money left after paying all the expenses from his main income. A stable income is not something that is needed for investing. A discretionary income is needed for investing.

[TokenTikas]

If we end up spending our income prior to accounting for expenses, then when we have expenses that are due, we either have to spend from our back up funds or we have to spend from our bitcoin, and so we are trying to prevent situations in which we will have to spend from our bitcoin at a time that is not completely of our own choosing, and so we sometimes could make mistakes which provides greater justification to have various back up funds.

This happened before, I sold my some bitcoin when I was in trouble. Although I thought there was no bigger problem than our trouble then. I sold my some bitcoin, spent my bad time in daily life, and got rid of the danger. However, I agree with you that we must have a backup fund in addition to investing in bitcoin. Although Bitcoin investment also works as a backup fund for us, if we have another fund, we will not have to sell bitcoin anymore and will be able to continue investing for a long time.

Sometimes we might have to purposefully look for opportunities and ways to increase our income and/or to cut our expenses, so that we will have more funds to invest in bitcoin and hopefully also allowing the creation of cushions so that we do not overdo our spending based on our income.

This is absolutely true, which is what I am trying to do. With the medium through which I earn, everything in my daily life and DCA is going on. I try to do something extra during the holidays to earn extra money. This will be more helpful for my investment, and the investment amount will also increase. I don't know what anyone thinks, but I think the best thing to do is to increase our income purposefully and reduce our spending by eliminating our random ways of spending.

[Sticky Bomb]

And you're also neglecting the fact that you cant keep up with your investment for a long term when you dont have a stable source of income. The reason why a stable source of income is important is not because of the investment alone, its because of the necessary things you must do before thinking about investment. I believe you know them. Without a stable source of income, you can't have an emergency fund, savings, and funds to care for your basic needs, talk more of to have discretionary income. It might make you want to tamper your investment.

You really don't need a stable source of income to keep up with your investment for long, it depends on what age you got into bitcoin and the responsibilities on your shoulder within that period of time. Take for example a student who got into bitcoin at a time that he depends on parents for survival and he has some spare and wishes to invest it into bitcoin for as long as he remains a student and even upon graduation still gets periodic allowances from his parents while living with them to curtail expenses pending the time he secures a good job for himself and starts fending for himself. If this goes on for up to 5 years or more from the time he got into bitcoin as a student until he stands on his own, then you can agree with me that he has been investing into bitcoin for a long-term without having a steady source of income.

You may talk about building backup funds or emergency funds, such a person might not really need to build such since his parents or backup unit are there to respond if he has an emergency or has any pressing issue, so he can freely invest as much as possible while using his support unit as a backup option.

[Emjay24]

If we end up spending our income prior to accounting for expenses, then when we have expenses that are due, we either have to spend from our back up funds or we have to spend from our bitcoin, and so we are trying to prevent situations in which we will have to spend from our bitcoin at a time that is not completely of our own choosing, and so we sometimes could make mistakes which provides greater justification to have various back up funds.

This happened before, I sold my some bitcoin when I was in trouble. Although I thought there was no bigger problem than our trouble then. I sold my some bitcoin, spent my bad time in daily life, and got rid of the danger. However, I agree with you that we must have a backup fund in addition to investing in bitcoin. Although Bitcoin investment also works as a backup fund for us, if we have another fund, we will not have to sell bitcoin anymore and will be able to continue investing for a long time.

Your bitcoin investment should never serve as a source of backup fund for you, it is a bad practice to see it as such. You should build out your backup funds to protect your investment from being tampered instead of seeing your investment which should be held for a long term for future profits as a backup fund. It does not show seriousness on your investment and shows bad financial management on your path. From your discretionary income you should invest into bitcoin and build out your emergency fund and other variances of backup funds alongside your investing into bitcoin. Bitcoin should be accumulated and held for long and not seen as another option for backup fund.

[Hardyrobust]

You are absolutely correct, stable source of income is not a criteria someone ought to meet before they can invest in Bitcoin but it is good to have a stable source of income because if you are focused and determined to hold for long time, stable source of income will help you get there ( desire target) without much pressure because you will be able to allocate funds to different needs and wants and at same time grow your discretionary and emergency funds because these two are the ultimate for a healthy and smooth investment but regardless someone without this stable source of income can still do all these if they are very conscious about their investment and how to use their funds.

Well the both of you are misunderstanding what having a stable income can do for you when your investing. And you're also neglecting the fact that you cant keep up with your investment for a long term when you dont have a stable source of income. The reason why a stable source of income is important is not because of the investment alone, its because of the necessary things you must do before thinking about investment. I believe you know them. Without a stable source of income, you can't have an emergency fund, savings, and funds to care for your basic needs, talk more of to have discretionary income. It might make you want to tamper your investment.

There is no doubt  about the fact that having a stable source of income is really crucial for investing in bitcoin. however , we shouldn't wait to stabilize our income before we can start investing in bitcoin. i know for sure that a stable source of income is really essential for holding bitcoin for a long term but we can start buying bitcoin so long as we have the discretionary income and at the same time while trying to stabilize our monthly cash flow. so i think we shouldn't allow the idea of not having a steady source of income to stop us from investing in bitcoin when the discretionary income is there since it is possible to stabilize our source of income while still accumulating bitcoin.

[abaeze]

What amount do you classify as much capital. To start your investment you dont need an actual amount to start it, all you need is a stable job, an income, and a discretionary income from your actual income. With time you can have more passive income to increase the percentage of your discretionary income you do invest with, that is if you are using the dca strategy. However, most rich people prefer to lump sum, since they do not want to hesitate in having a good amount in their portfolio

You don't need a stable job to invest. You need a source of discretionary income to invest. There are many people whose source of income is not stable. You need to find discretionary income from your source of income.

There are many people who invest but they don't have a stable source of income. For example, when a contractor takes a job, you don't get paid until the work is completed. There are many types of jobs where you don't get paid until the work is completed. If they want, they can find discretionary income and invest through proper financial management.

If I talk directly about investing in Bitcoin, then I will say that if someone creates an emergency fund and a reserve fund for long-term investment and does not invest the total investment amount at once, but buys Bitcoin in equal amounts at regular intervals, i.e. follows the DCA method, then this will be the safest investment strategy because it reduces risk, and helps the investor to remain stable due to market fluctuations or volatility, basically this is a simple strategy to reduce risk for long-term investors. Finally, one thing to always keep in mind is that it is better to invest aggressively from prudent income than to invest the necessary money like gambling.

[Joy- maker]

You are absolutely correct, stable source of income is not a criteria someone ought to meet before they can invest in Bitcoin but it is good to have a stable source of income because if you are focused and determined to hold for long time, stable source of income will help you get there ( desire target) without much pressure because you will be able to allocate funds to different needs and wants and at same time grow your discretionary and emergency funds because these two are the ultimate for a healthy and smooth investment but regardless someone without this stable source of income can still do all these if they are very conscious about their investment and how to use their funds.

Well the both of you are misunderstanding what having a stable income can do for you when your investing. And you're also neglecting the fact that you cant keep up with your investment for a long term when you dont have a stable source of income. The reason why a stable source of income is important is not because of the investment alone, its because of the necessary things you must do before thinking about investment. I believe you know them. Without a stable source of income, you can't have an emergency fund, savings, and funds to care for your basic needs, talk more of to have discretionary income. It might make you want to tamper your investment.

as far as am concern what you need to have is a source of income and not a steady source of income to start investing in bitcoin, remember you are to invest only your leftover money (discretionary income) so if you can be able to map out your discretionary income from your source of income then you can get started with bitcoin, start accumulating bitcoin until you reach your accumulating target and then hold it for long term 4 to 10 years or longer. Steady source of income is not needed to get started with bitcoin, just have a source of income and then map out your discretionary income to invest in bitcoin and also to build up your emergency fund and backup fund for smooth running of your bitcoin investment for the long term.

[Derekfunds]

What amount do you classify as much capital. To start your investment you dont need an actual amount to start it, all you need is a stable job, an income, and a discretionary income from your actual income. With time you can have more passive income to increase the percentage of your discretionary income you do invest with, that is if you are using the dca strategy. However, most rich people prefer to lump sum, since they do not want to hesitate in having a good amount in their portfolio

You don't need a stable job to invest. You need a source of discretionary income to invest. There are many people whose source of income is not stable. You need to find discretionary income from your source of income.

There are many people who invest but they don't have a stable source of income. For example, when a contractor takes a job, you don't get paid until the work is completed. There are many types of jobs where you don't get paid until the work is completed. If they want, they can find discretionary income and invest through proper financial management.

If I talk directly about investing in Bitcoin, then I will say that if someone creates an emergency fund and a reserve fund for long-term investment and does not invest the total investment amount at once, but buys Bitcoin in equal amounts at regular intervals, i.e. follows the DCA method, then this will be the safest investment strategy because it reduces risk, and helps the investor to remain stable due to market fluctuations or volatility, basically this is a simple strategy to reduce risk for long-term investors. Finally, one thing to always keep in mind is that it is better to invest aggressively from prudent income than to invest the necessary money like gambling.

What did you mean by Investing the total investment amount at once? Anyone amount or money that is within your discretionary, even if you invest it at once there's nothing wrong the only time something will be wrong is if you used all your discretionary and went to touch money that is meant for other things, it means you are really joking with your investment especially when you don't have something that can cover up what you collected immediately. You can invest as you like, as long as it is within your discretionary but as a no coiner or low coiner you should have limitations.

[Agbamoni]

What did you mean by Investing the total investment amount at once? Anyone amount or money that is within your discretionary, even if you invest it at once there's nothing wrong the only time something will be wrong is if you used all your discretionary and went to touch money that is meant for other things, it means you are really joking with your investment especially when you don't have something that can cover up what you collected immediately. You can invest as you like, as long as it is within your discretionary but as a no coiner or low coiner you should have limitations.

I think Abaeze is misunderstanding the entire strategy of investment. I was expecting you to explain the various Bitcoin strategy because many folks believe DCA is the only successful and effective strategy. It seems they do not know why many practice that strategy. There is buying on dips, lump sum, dca and so many others. But its preferable to use DCA as a pleb so you can manage your investment and other part of you life without getting hooked. On the other hand, people who are rich use lump sum to buy. Which I will prefer if I have that kind of money. 

[Rockson1]

I think Abaeze is misunderstanding the entire strategy of investment. I was expecting you to explain the various Bitcoin strategy because many folks believe DCA is the only successful and effective strategy. It seems they do not know why many practice that strategy. There is buying on dips, lump sum, dca and so many others. But its preferable to use DCA as a pleb so you can manage your investment and other part of you life without getting hooked. On the other hand, people who are rich use lump sum to buy. Which I will prefer if I have that kind of money. 

This is what I called explanation maxed easy, you just made a good explanation because to some person there no other investment method of investing in bitcoin, the Reason for the special preference being given to DCA method is that, it very effective, efficient and flexible method of investing in butcoin because it allow you to invest consistently with the amount within your reach, you don't have to wait till the dip before you can buy or wait until you get a lump sum amount before you can buy but rather you can buy with amount you can afford consistently without stress, that's to say this DCA method of investing in bitcoin serves for all, so it means that intending investor don't have to be rich to investor, the only thing he needs is to have a source of income it doesn't matter how small it is as long as he can identify his discretionary income then he is good to invest.

[icebar]

It is a total waste of time to wait any further when you already have a discretionary income at hand which you can use to invest in Bitcoin. Some people who engage in this kind of lifestyle don't get to achieve anything serious in other areas of their life because they have fear and weak spirits. Anybody that has discretionary income is supposed to be investing into Bitcoin no matter the price of Bitcoin at the moment. This will help you not to miss the next opportunity that will certainly come.

Most people have discretionary income, but some have less and more. In this world everyone tries to secure their future. If those who have this discretionary income understand the importance of Bitcoin and start investing without wasting time, they will definitely benefit. But those who delay investing despite having discretionary income will regret it later. One more thing everyone should know is that we will never have cash with us, it will be spent in any way. If considering the security of the future, we regularly deposit Bitcoin with discretionary income from now, then even if this investment does not gain importance today, it can be seen as a big asset after a certain period of time.

[Liocen]

Most people have discretionary income, but some have less and more. In this world everyone tries to secure their future. If those who have this discretionary income understand the importance of Bitcoin and start investing without wasting time, they will definitely benefit. But those who delay investing despite having discretionary income will regret it later. One more thing everyone should know is that we will never have cash with us, it will be spent in any way. If considering the security of the future, we regularly deposit Bitcoin with discretionary income from now, then even if this investment does not gain importance today, it can be seen as a big asset after a certain period of time.

Since the day I came to know about Bitcoin and realized its role and reality in the economy, I have been desperate to buy Bitcoin. Earlier, my discretionary income was very low because then I worked less and only worked as much as I could to meet my basic needs, but I was always worried about an emergency fund. I always thought that I needed to create a fund that would be useful for my urgent needs. So I created an emergency fund after meeting my family needs. Then it was time to invest in Bitcoin. I increased my working hours to invest in Bitcoin so that I could get a good amount of discretionary income. Since I had already created an emergency fund, I started investing in Bitcoin with a major portion of my discretionary income. During the investment period, I had the opportunity to buy Bitcoin once in DIP, then I sold the fish in my pond and got a fairly good amount of money from there, with which I bought Bitcoin at that moment.
Now I am regularly purchasing Bitcoin through the DCA method. I firmly believe that it will be the most valuable asset I can leave for my children.

[Joeboy]

That's it. Waiting to gather much more or better capital before investing in Bitcoin can be termed as "procrastination in investment', and it's actually detrimental. We all know the price of Bitcoin is not promised and assured. It's always on the move, either upwards or opposite. If a low income earner keeps waiting to acquire something tangible before starting his Bitcoin accumulation process, am afraid such a person will or may never start. Using the DCA as opined is always the best. Invest bit by bit, watch it grow. Keep gathering, keep investing with the little you have. In years, you would have accumulated something tangible that you wouldn't have been able to keep before you started your investment journey.. slow and steady they say, wins the race

Yeah, that’s just the truth about the Bitcoin investment; it’s not advisable for anyone who has interest in investing in the Bitcoins or accumulated Bitcoin to keep waiting until he/she has much capital. Because the price of Bitcoin is not waiting for anyone, the higher the demand, the more the price also increases every blessed day, so in the case of a person who said that he will wait until he has gathered enough capital, I don’t think he will be able to afford to invest in Bitcoin anymore in the future.

The disadvantage of a person who has discretionary income present and deceiving themselves that they are gathering funds to accumulate bitcoin is not only that if the price of bitcoin goes higher in the future, they would keep procrastinating, but they are ignorant that they do not need to buy a whole bitcoin at once, there is DCA for them and they can buy in bits with no pressure and spend more time in the market instead of speculating outside it. Additionally, gathering and hedging fiat is like fetching water with a container that has a hole underneath, no matter the amount you fetch, it always reduces in value due to the action of inflation and currency depreciation on fiat. As long as you can identify that you have discretionary income available, there is no reason to wait, so it is best to to jump right in and start buying bitcoin with available discretionary income to avoid loosing time due to procrastination and worse loose value for your fiat due to inflation.

Anybody that has discretionary income is supposed to be investing into Bitcoin no matter the price of Bitcoin at the moment. This will help you not to miss the next opportunity that will certainly come.

Discretionary income is indeed a neccesarily requirement for your Bitcoin investment, but pairing it with an emergency fund also known as you back-up fund makes the plan more safer and gives one peace of mind. This is because life itself is filled with surprises. One can maybe fall sick, your car might maybe break down, or one can suddenly need to help his/her family. And when this surprises comes, if one doesn't have any cash saved aside, he will be forced to sell his Bitcoin possibly at a very bad price. Ad this very act can ruin the whole plan of holding long-term.

[MainIbem]

I think Abaeze is misunderstanding the entire strategy of investment. I was expecting you to explain the various Bitcoin strategy because many folks believe DCA is the only successful and effective strategy. It seems they do not know why many practice that strategy. There is buying on dips, lump sum, dca and so many others. But its preferable to use DCA as a pleb so you can manage your investment and other part of you life without getting hooked. On the other hand, people who are rich use lump sum to buy. Which I will prefer if I have that kind of money. 

The DCA is talked about mostly so newbies won't be mislead into starting their accumulation journey with buying during the dip and Lump sum moreover when you're doing the DCA you'll still get opportunity to buy the dip since you'll encounter several dips while on it along the way, well it's not a bad idea like you said to explain other strategies as well so newbies would understand what they're all about and which to prioritise more on. One good thing about the DCA is that it's for everyone not only specifically for a particular class of investors and remember that not all newbies are rich enough to do the lump sum some were even waiting till they had more money that's why they didn't start earlier.

[Mr_Brilliant$]

What amount do you classify as much capital. To start your investment you dont need an actual amount to start it, all you need is a stable job, an income, and a discretionary income from your actual income. With time you can have more passive income to increase the percentage of your discretionary income you do invest with, that is if you are using the dca strategy. However, most rich people prefer to lump sum, since they do not want to hesitate in having a good amount in their portfolio

You don't need a stable job to invest. You need a source of discretionary income to invest. There are many people whose source of income is not stable. You need to find discretionary income from your source of income.

Bruh, do you even understand what you said, Loyang? Because honestly it does not really add up. You are saying someone does not need a stable job to invest, but still needs discretionary income.. Now let’s be real, question for you: if a person does not have a job or at least something consistent bringing in money, how exactly are they supposed to have discretionary income?? You can not spend what you do not earn, so it sounds a bit contradictory…

Yes, it is true not every income is fully stable, some people freelance, some hustle, some do business, and that is fine. But even with that, there still has to be some form of steady inflow before you can even think of setting money aside for investing.. Without that base, you are just talking theory. Investment comes from actual earnings and not is created out of thin air, whether stable or not..

That is why most people always advise having a stable source of income, if possible, before taking investing seriously. Especially with Bitcoin, because effective DCA works best when you have money coming in consistently. The truth is If you are always struggling with where the next cash is coming from, you will either break your plan or end up selling early….