Balancing Financial security and Bitcoin Accumulation

[cxtreenal]

If you don't have a discretionary income take some time to start investing in Bitcoin. Wait or try to create a regular source of income. Discretionary income will flow from there. Without a consistent discretionary income flow there is a possibility of losing money on your investment. It is better to be a little flexible and try to make positive changes to your financial situation than to create losses or risks. To reduce the risk of investing in Bitcoin attach a long-term investment strategy through discretionary income.

I agree with you, if we don't have discretionary income it is important that we get a job because without securing one it would be difficult to have discretionary income to invest continuously. An investor need to have a job or a source of income very important because it would support his ongoing bitcoin accumulation and how consistent he accumulate would enable him reach over accumulation. My point is evennif we have discretionary income, we still need a source of income to figure out more discretionary income and support our bitcoin accumulation. . .

The prerequisite for Bitcoin investment is a source of income through which you can continue to invest continuously. The poor are discouraged from investing in Bitcoin and are advised to wait until they have a steady stream of discretionary income. By ignoring the fundamentals of long-term investing, you will be able to cover very little distance. It will often create risky situations because your main ingredient is missing. Spend time improving your financial situation and try to improve your luck through skill.

It may be difficult for a poor investor to reach the level of excess savings but not impossible if he can generate a steady stream of discretionary income. As well as increasing the flow of cash funds or the amount of funds to do aggressive DCA in the price fall season.

[JayJuanGee]

‎Yeah you are right. The smart thing newbies can do is build the habit of buying regularly rather than trying to figure out exactly when the price will be at its lowest. Trying to wait for a dip is like chasing a shadow,  it keeps moving, and you will never catch it perfectly. In terms of aggressive buying, i will say newbies should avoid that for now, and just focus on their DCA, till they have accumulated enough and gained lots of experience along the way. Then lastly, it's not just about having your DCA funds , what matters is how consistent you are. Some people might decide to buy 3 weeks straight then lose focus and skip maybe another 3 weeks till God knows when , then they come back again and repeat the same step. Doing that won't put you in a good position.

Did it even cross your mind as to what people should do when their discretionary income are not coming consistently, because from what you said, you damn well ignored the existence of those kinds of people.

To be consistent is fine, but it is not a guaranteed reality for everyone, since not everybody get paid consistently. So what can this lots do in this case? They can invest flexible. And the flexibility is buying what they can buy and when they can buy whenever there is available discretionary income.

If you don't have a discretionary income take some time to start investing in Bitcoin. Wait or try to create a regular source of income. Discretionary income will flow from there. Without a consistent discretionary income flow there is a possibility of losing money on your investment. It is better to be a little flexible and try to make positive changes to your financial situation than to create losses or risks. To reduce the risk of investing in Bitcoin attach a long-term investment strategy through discretionary income.

You describe the motive to reduce risks in weird ways.

If guys are not quite sure about whether their discretionary income is enough in order to invest into bitcoin, then sure, there is nothing wrong with them waiting until they have enough funds to make sure that they have discretionary income that is enough so that they can invest into bitcoin. 

So then once they choose to put a certain quantity into bitcoin, such as $100 per week or $10 per week or some other amount or some other time increment, they may well already enter into the investment by realizing that as long as they do not engage in leverage, then the most that they are going to lose is 100% of the amount that they put into bitcoin.  Accordingly, they should be investing with money that they can afford to lose, and they are already locking that money up for 4-10 years or longer..so for many years, they don't really need to think about whether the money they invested into bitcoin is up, down or sideways.  They just continue to invest from the money that they can afford to lose, which is their excessive discretionary funds... and so yeah, sometimes they need to try to increase their income and/or cut their expenses so that they can generate enough extra money that they can put into bitcoin every week or whatever other frequency that they are putting money into bitcoin.

Perhaps for some folks, the amounts that they are able to put into bitcoin seem to be quite small, but then if they keep buying every week (or however frequently they are able to accomplish) then after weeks and weeks, months and months and years and years, the amount that the put in adds up to being a quite a lot, and surely we don't know if the BTC price is going to go up or down during the time that the person had been investing, and so of course, there is hope that after many years of investing, perhaps even getting into 10 years or more, that overall the BTC value (price) had tended more towards up, rather than down or sideways, so then later down the road they are advantaged by having had invested in bitcoin as compared with if they had not invested in bitcoin.. even if the amounts invested seemed to be relatively low and maybe through the years, the amounts might also be able to be increased.

If you don't have a discretionary income take some time to start investing in Bitcoin. Wait or try to create a regular source of income. Discretionary income will flow from there. Without a consistent discretionary income flow there is a possibility of losing money on your investment. It is better to be a little flexible and try to make positive changes to your financial situation than to create losses or risks. To reduce the risk of investing in Bitcoin attach a long-term investment strategy through discretionary income.

I agree with you, if we don't have discretionary income it is important that we get a job because without securing one it would be difficult to have discretionary income to invest continuously. An investor need to have a job or a source of income very important because it would support his ongoing bitcoin accumulation and how consistent he accumulate would enable him reach over accumulation. My point is evennif we have discretionary income, we still need a source of income to figure out more discretionary income and support our bitcoin accumulation. . .

The prerequisite for Bitcoin investment is a source of income through which you can continue to invest continuously.

That is not true.

There is no need to have a source income in order to start investing into bitcoin.   To start investing in bitcoin, all that you need is discretionary funds.

If you want to sustain your bitcoin investment, then you have to continue to have discretionary funds, and getting continued income would likely be helpful to make sure that your living expenses are continued to be able to be paid.  As we likely realize that we continue to have expenses, so we have to pay for them, so if we plan to hold onto our bitcoin investment for 4-10 years or longer, we have to be able to pay for our expenses so that we won't have to tap into our bitcoin investment.

In other words, getting started investing in bitcoin is not the same as sustaining a bitcoin investment, even if their might be some intention that anyone who gets started is going to want to be able to sustain it.

The poor are discouraged from investing in Bitcoin and are advised to wait until they have a steady stream of discretionary income.

The poor frequently are struggling to make sure that they have discretionary funds on an ongoing and regular basis.... so yeah, even if poor people might have some discretionary funds, they might not have confidence about whether they have enough discretionary funds to get started investing into bitcoin, since if they invest into bitcoin, the investment creates an obligation to continue to generate at least enough income to pay expenses and perhaps even more income to make sure that back up funds are available too... So, even if a poor person starts to invest in bitcoin (maybe puts in $100 or $10), they might not be able to continue to add to the bitcoin investment, yet they still might want to put systems in place to prevent having to tap into the investment.. and they end up putting themselves into a better place if they are able to get steady income, even though they don't need to have steady income in order to get started investing into bitcoin.

By ignoring the fundamentals of long-term investing, you will be able to cover very little distance. It will often create risky situations because your main ingredient is missing. Spend time improving your financial situation and try to improve your luck through skill.

It may be difficult for a poor investor to reach the level of excess savings but not impossible if he can generate a steady stream of discretionary income. As well as increasing the flow of cash funds or the amount of funds to do aggressive DCA in the price fall season.

For sure there are advantages for investing and even being able to increase the level of bitcoin investing aggressiveness based on having steady cashflow that would also help to strengthen other aspects of cashflow management, such as the creation and maintenance of higher quantities of back up funds.

[Nightwatchmare]

If you don't have a discretionary income take some time to start investing in Bitcoin. Wait or try to create a regular source of income. Discretionary income will flow from there. Without a consistent discretionary income flow there is a possibility of losing money on your investment. It is better to be a little flexible and try to make positive changes to your financial situation than to create losses or risks. To reduce the risk of investing in Bitcoin attach a long-term investment strategy through discretionary income.

I agree with you, if we don't have discretionary income it is important that we get a job because without securing one it would be difficult to have discretionary income to invest continuously. An investor need to have a job or a source of income very important because it would support his ongoing bitcoin accumulation and how consistent he accumulate would enable him reach over accumulation. My point is evennif we have discretionary income, we still need a source of income to figure out more discretionary income and support our bitcoin accumulation. . .

Not having a source of income can actually as an obstacle or a hindrance for anyone not to invest in bitcoin. Without an inflow of cash there won't be a left over cash to accumulate bitcoin with. Discretionary income is paramount for starting bitcoin investment which without a source of income having a left over cash won't be there. Infact people that don't have a source of income maybe finding it difficult to feed themselves talk less of having a left over cash to invest with.

Having a source of income is not even a ticket to invest in Bitcoin because you can have a source of income and you will not guarantee of having discretionary income because your source of income cannot fully care take of your monthly expenses. People who do not have a source of income has nothing to do with Bitcoin investment because they do not have what it takes to invest in Bitcoin, and they should work on themselves to have a source of income that guarantees discretionary income so they can invest in Bitcoin if they want.

[AuchanX]

If you don't have a discretionary income take some time to start investing in Bitcoin. Wait or try to create a regular source of income. Discretionary income will flow from there. Without a consistent discretionary income flow there is a possibility of losing money on your investment. It is better to be a little flexible and try to make positive changes to your financial situation than to create losses or risks. To reduce the risk of investing in Bitcoin attach a long-term investment strategy through discretionary income.

I agree with you, if we don't have discretionary income it is important that we get a job because without securing one it would be difficult to have discretionary income to invest continuously. An investor need to have a job or a source of income very important because it would support his ongoing bitcoin accumulation and how consistent he accumulate would enable him reach over accumulation. My point is evennif we have discretionary income, we still need a source of income to figure out more discretionary income and support our bitcoin accumulation. . .

The prerequisite for Bitcoin investment is a source of income through which you can continue to invest continuously. The poor are discouraged from investing in Bitcoin and are advised to wait until they have a steady stream of discretionary income. By ignoring the fundamentals of long-term investing, you will be able to cover very little distance. It will often create risky situations because your main ingredient is missing. Spend time improving your financial situation and try to improve your luck through skill.

It is true that without a stable income, it can be quite difficult for us to sustain investments. But saying that the poor should not invest is a bit simplistic. Again, many poor people may find this misleading. The real issue is not the amount of income at all, but rather cash flow management, our risk tolerance and time perspective.

So let us not think that a small income means that investing is impossible. Many of us have built good positions in the long term by regularly DCA from very small amounts. The key is to use only the discretionary money of our income. Have a long-term mindset. Do not panic about price fluctuations and avoid leverage.

It is true that aggressive DCA during price declines requires a large cash reserve. But that is created through discipline, savings and increasing our income. Therefore, skill development and income growth should be seen as part of our investment strategy.

[Female King]

If you don't have a discretionary income take some time to start investing in Bitcoin. Wait or try to create a regular source of income. Discretionary income will flow from there. Without a consistent discretionary income flow there is a possibility of losing money on your investment. It is better to be a little flexible and try to make positive changes to your financial situation than to create losses or risks. To reduce the risk of investing in Bitcoin attach a long-term investment strategy through discretionary income.

I agree with you, if we don't have discretionary income it is important that we get a job because without securing one it would be difficult to have discretionary income to invest continuously. An investor need to have a job or a source of income very important because it would support his ongoing bitcoin accumulation and how consistent he accumulate would enable him reach over accumulation. My point is evennif we have discretionary income, we still need a source of income to figure out more discretionary income and support our bitcoin accumulation. . .

The prerequisite for Bitcoin investment is a source of income through which you can continue to invest continuously. The poor are discouraged from investing in Bitcoin and are advised to wait until they have a steady stream of discretionary income. By ignoring the fundamentals of long-term investing, you will be able to cover very little distance. It will often create risky situations because your main ingredient is missing. Spend time improving your financial situation and try to improve your luck through skill.

It may be difficult for a poor investor to reach the level of excess savings but not impossible if he can generate a steady stream of discretionary income. As well as increasing the flow of cash funds or the amount of funds to do aggressive DCA in the price fall season.

What that is actually needed to get started with your bitcoin investment is your discretionary income and not your source of income, i know of people who has a source of income but doesn't have a discretionary income to get started with, investing in doesn't mean we should have first have a steady source of income before we can go ahead with our bitcoin investment but we can start buying and be thinking on now to increase what gives us money so we can also be investing with a better discretionary income.
A poor person can still get to his accumulation target but it's only going to take him more years because he can actually be accumulating bitcoin gradually using the DCA strategy either accumulating regularly every weeks or months and continue to hodl.

[PhilosopherKing]

That is not true.

There is no need to have a source income in order to start investing into bitcoin.   To start investing in bitcoin, all that you need is discretionary funds.

If you want to sustain your bitcoin investment, then you have to continue to have discretionary funds, and getting continued income would likely be helpful to make sure that your living expenses are continued to be able to be paid.  As we likely realize that we continue to have expenses, so we have to pay for them, so if we plan to hold onto our bitcoin investment for 4-10 years or longer, we have to be able to pay for our expenses so that we won't have to tap into our bitcoin investment.

In other words, getting started investing in bitcoin is not the same as sustaining a bitcoin investment, even if their might be some intention that anyone who gets started is going to want to be able to sustain it.

I am with you on this Mister Jay because income doesn't give the assurance of having discretionary income.

I find it improper when people place owning source of income as a requirement of investing because plenty of people are earning regularly from jobs they do and can't still isolate discretionary income either due to low income or poor spending habit.

It is just when a person wish to continue ongoingly investing that they have to go across only having discretionry income, they need to have a source of income and establish structure that could make having discretionary. income achievable.

[laijsica]

If you don't have a discretionary income take some time to start investing in Bitcoin. Wait or try to create a regular source of income. Discretionary income will flow from there. Without a consistent discretionary income flow there is a possibility of losing money on your investment. It is better to be a little flexible and try to make positive changes to your financial situation than to create losses or risks. To reduce the risk of investing in Bitcoin attach a long-term investment strategy through discretionary income.

I agree with you, if we don't have discretionary income it is important that we get a job because without securing one it would be difficult to have discretionary income to invest continuously. An investor need to have a job or a source of income very important because it would support his ongoing bitcoin accumulation and how consistent he accumulate would enable him reach over accumulation. My point is evennif we have discretionary income, we still need a source of income to figure out more discretionary income and support our bitcoin accumulation. . .

The prerequisite for Bitcoin investment is a source of income through which you can continue to invest continuously. The poor are discouraged from investing in Bitcoin and are advised to wait until they have a steady stream of discretionary income. By ignoring the fundamentals of long-term investing, you will be able to cover very little distance. It will often create risky situations because your main ingredient is missing. Spend time improving your financial situation and try to improve your luck through skill.

It may be difficult for a poor investor to reach the level of excess savings but not impossible if he can generate a steady stream of discretionary income. As well as increasing the flow of cash funds or the amount of funds to do aggressive DCA in the price fall season.

What that is actually needed to get started with your bitcoin investment is your discretionary income and not your source of income, i know of people who has a source of income but doesn't have a discretionary income to get started with, investing in doesn't mean we should have first have a steady source of income before we can go ahead with our bitcoin investment but we can start buying and be thinking on now to increase what gives us money so we can also be investing with a better discretionary income.
A poor person can still get to his accumulation target but it's only going to take him more years because he can actually be accumulating bitcoin gradually using the DCA strategy either accumulating regularly every weeks or months and continue to hodl.

It's not true. You need a discretionary fund to start Bitcoin. You are killing time waiting for a steady income but the time that is gone is never going to be regained. Consider how cheap Bitcoin was sold in its early days. Its value has increased over time and the latest ATH was $126k.
Things may seem very strange but in reality Bitcoin will touch another new ATH. Although the DCA strategy is slow, it is a sustainable investment strategy through which a poor investor can reach a level of additional savings by continuously investing in Bitcoin.

[JayJuanGee]

That is not true.
There is no need to have a source income in order to start investing into bitcoin.   To start investing in bitcoin, all that you need is discretionary funds.

If you want to sustain your bitcoin investment, then you have to continue to have discretionary funds, and getting continued income would likely be helpful to make sure that your living expenses are continued to be able to be paid.  As we likely realize that we continue to have expenses, so we have to pay for them, so if we plan to hold onto our bitcoin investment for 4-10 years or longer, we have to be able to pay for our expenses so that we won't have to tap into our bitcoin investment.

In other words, getting started investing in bitcoin is not the same as sustaining a bitcoin investment, even if their might be some intention that anyone who gets started is going to want to be able to sustain it.

I am with you on this Mister Jay because income doesn't give the assurance of having discretionary income.
I find it improper when people place owning source of income as a requirement of investing because plenty of people are earning regularly from jobs they do and can't still isolate discretionary income either due to low income or poor spending habit.

It is just when a person wish to continue ongoingly investing that they have to go across only having discretionry income, they need to have a source of income and establish structure that could make having discretionary. income achievable.

Don't get me wrong.

It is better to have source funds and/or a stable income than not to have such a thing.

It is just not required to have a source income (or a job) in order to get started investing in bitcoin.

For sure, it is going to be more difficult for a person to maintain (and continue) investing in bitcoin if his income is not steady and/or in cases when the income is not known, yet it is still up to each of us to figure out whether we have enough discretionary income to get started investing into bitcoin and/or to continue to invest into bitcoin based on whatever level of money that we have.

Almost everyone has ongoing expenses too, even though there could be cases in which someone has very low expenses and/or that many of his expenses are paid for by someone else - even though we frequently presume that many folks have ongoing expenses, so it becomes difficult to continue to invest in bitcoin if they are not able to have some assurance about how frequent and/or how much their income might be in the future.

[edited out]

It's not true. You need a discretionary fund to start Bitcoin. You are killing time waiting for a steady income but the time that is gone is never going to be regained. Consider how cheap Bitcoin was sold in its early days. Its value has increased over time and the latest ATH was $126k.

One of the reasons that each of us should taking actions to get started investing in bitcoin right away is because it is good to put systems in place so that we are able to buy bitcoin - even if we might choose to invest whiimpily and/or infrequently, at least if we start the process, we are able to put systems in place for buying to give ourselves the option to buy at any time that we have discretionary funds available.

It can take time to just put the systems in place, and yeah, we can likely appreciated that the longer that anyone is in bitcoin, he will likely pay more attention to bitcoin and learn more about it.. and perhaps increase his reasons for making sure to have some bitcoin and even better to decide to build up a bitcoin stash.

Things may seem very strange but in reality Bitcoin will touch another new ATH. Although the DCA strategy is slow, it is a sustainable investment strategy through which a poor investor can reach a level of additional savings by continuously investing in Bitcoin.

Even though the bitcoin price is not guaranteed to go up, DCA does allow for everyone, whether rich or poor to be able to invest into bitcoin at his own pace and in accordance with his discretionary funds as such funds become available.

[Proty]

That is not true.

There is no need to have a source income in order to start investing into bitcoin.   To start investing in bitcoin, all that you need is discretionary funds.

If you want to sustain your bitcoin investment, then you have to continue to have discretionary funds, and getting continued income would likely be helpful to make sure that your living expenses are continued to be able to be paid.  As we likely realize that we continue to have expenses, so we have to pay for them, so if we plan to hold onto our bitcoin investment for 4-10 years or longer, we have to be able to pay for our expenses so that we won't have to tap into our bitcoin investment.

In other words, getting started investing in bitcoin is not the same as sustaining a bitcoin investment, even if their might be some intention that anyone who gets started is going to want to be able to sustain it.

I am with you on this Mister Jay because income doesn't give the assurance of having discretionary income.

I find it improper when people place owning source of income as a requirement of investing because plenty of people are earning regularly from jobs they do and can't still isolate discretionary income either due to low income or poor spending habit.

It is just when a person wish to continue ongoingly investing that they have to go across only having discretionry income, they need to have a source of income and establish structure that could make having discretionary. income achievable.

You may not need a source of income to start investing in bitcoin but that doesn't mean having a source income isn't important because without a source of income you not be able to maintain your investment. Don't forget consistency play a big role in building up a good portfolio in bitcoin which means without having a source of income it will be hard to be consistent with buying of bitcoin.
It is possible to start buying bitcoin without a source of income as long as the discretionary income is there then works on how to get a source of income in other to be able to substain the investment.

[liasbaa]

Even though the bitcoin price is not guaranteed to go up, DCA does allow for everyone, whether rich or poor to be able to invest into bitcoin at his own pace and in accordance with his discretionary funds as such funds become available.

You are right. It is understandable that there is no sure prediction about the value of Bitcoin but you can know for sure that it is much more hopeful than other investments. I say hopeful only through past analysis. But it does not guarantee the increase in value in the future. My guess may be wrong. But is there any guarantee that you will be interested in any other investment. Of course not. You always advise investors to accumulate Bitcoin with available funds that can be lost and in the DCA method. This is a great investment strategy and investors of any income, rich or poor, should follow this strategy for a long time.

[Obulis]

If you don't have a discretionary income take some time to start investing in Bitcoin. Wait or try to create a regular source of income. Discretionary income will flow from there. Without a consistent discretionary income flow there is a possibility of losing money on your investment. It is better to be a little flexible and try to make positive changes to your financial situation than to create losses or risks. To reduce the risk of investing in Bitcoin attach a long-term investment strategy through discretionary income.

Once investment is made outside your discretionary income, it's no longer an investment but more of gambling because at the end of the day, you may still fall back to your investment and retrieve that money use to invest, so as to address what the money was meant for, so it's not a good practice to invest in Bitcoin outside your discretionary income, no matter what.

Just as you have already said, if an investor has no discretionary income from his salary, he has to work on way to seek for more income, by improving his finances because that investment wouldn't be sustainable if he went further to invest in Bitcoin without sorting out his discretionary income first.

The drive to make quick gains makes people to use available funds of which probably they must have waited for a dip and that means any acceptable rise will be followed with trading and these explains gambling without mincing words.

Like there are stories of students who used their tuition fees for gambling. These stories and other similar ones clearly depicts the case of investment in Bitcoin outside discretionary funds.

It is usually or always difficult to hold Bitcoin for long when buying was made with funds meant for other things (that's outside discretionary funds).

Like someone who has managed to save up for house rent by September and the rent is supposed to be paid by January the coming year. Only to input these savings into Bitcoin, what would you expect them do on or before the due date of rent payment and probably they could not save up such amount again? Sell off, isn't it? That's gambling. A case like these is not without the mindset of making gains within the time in-between (which is gambling).

[Joeboy]

Even though the bitcoin price is not guaranteed to go up, DCA does allow for everyone, whether rich or poor to be able to invest into bitcoin at his own pace and in accordance with his discretionary funds as such funds become available.

The DCA strategy bridges the gap between the rich and poor folks, as it now makes it easier for folks to accumulate Bitcoin once they get hold of their Discretionary income... So folks dont have have to be rich before they can accumulate Bitcoin since those their little buys can compound overtime and become quite meaningful... So therefore folks should have no reason of deliberately excluding themselves from Bitcoin simply because they are from a poor background...

[NewRevelation]

Things may seem very strange but in reality Bitcoin will touch another new ATH. Although the DCA strategy is slow, it is a sustainable investment strategy through which a poor investor can reach a level of additional savings by continuously investing in Bitcoin.

Even though the bitcoin price is not guaranteed to go up, DCA does allow for everyone, whether rich or poor to be able to invest into bitcoin at his own pace and in accordance with his discretionary funds as such funds become available.

And that's the beauty of the DCA, everyone is moved along in one investment train, though with different financial capacity. But the good thing is always that you have started your investment so long as you have been able to know your discretionary income. So I think the habit of not getting started all in the name of waiting for big for financial stability or breakthrough are the habits of unserious, not ready or interested persons.

You may not need a source of income to start investing in bitcoin but that doesn't mean having a source income isn't important because without a source of income you not be able to maintain your investment. Don't forget consistency play a big role in building up a good portfolio in bitcoin which means without having a source of income it will be hard to be consistent with buying of bitcoin.
It is possible to start buying bitcoin without a source of income as long as the discretionary income is there then works on how to get a source of income in other to be able to substain the investment.

I don't really understand you mate. Let me ask you, if you don't have a source of income, how then will you get the money to determine your discretionary, or, where will your discretionary income that you will use to invest come from if you don't have income?

Our discretionary income comes from our basic income, be it from any source. Either a paid job, personal businesses, etc. but the truth is that there must be income for a discretionary to be determined. So we can't do away with the fact that we all need income to be able to invest. We need income to be able to determine our discretionary, and then invest with it.

The point is that we do not need big incomes, or income stability, or steady income before we begin our investment, because waiting for all this might delay you from getting started with your investments. So, it's as simple as, if your have been able to figure out what your discretionary income is, then you can start your investment accumulation, while you grow and learn alongside your investment

[JayJuanGee]

Even though the bitcoin price is not guaranteed to go up, DCA does allow for everyone, whether rich or poor to be able to invest into bitcoin at his own pace and in accordance with his discretionary funds as such funds become available.

The DCA strategy bridges the gap between the rich and poor folks, as it now makes it easier for folks to accumulate Bitcoin once they get hold of their Discretionary income... So folks dont have have to be rich before they can accumulate Bitcoin since those their little buys can compound overtime and become quite meaningful... So therefore folks should have no reason of deliberately excluding themselves from Bitcoin simply because they are from a poor background...

In a large number of traditional investments there are needs to build up capital prior to being able to invest in them, and surely bitcoin allows very small amounts of purchases - depending on the source.  There might be some exchanges that have $5 to $10 minimums, and there also might be private persons who buy/sell bitcoin directly, and they might have minimums that are several hundred dollars.

At the same time, poor people might need to consider fees, to the extent that fees might exist, so there could be some circumstances that they are better off to wait until they have built up a certain amount of cash before using it to buy bitcoin, whether that is $5, $10, $50 or some other amount, yet those are not products of bitcoin, but instead likely rules that third parties may well have created in order to use their service.  Sometimes shopping around and learning more about fees can help to identify possible sources that have lower transaction fees.

Another thing is that the fees of the blockchain tend to be different from fees of third parties, and even there can be instances in which using something like the bitcoin lightning network could be a more economical way to buy and/or sell bitcoin.

Surely exchanging goods and services for bitcoin, could also be a good way to either obtain bitcoin or to spend bitcoin.

You may not need a source of income to start investing in bitcoin but that doesn't mean having a source income isn't important because without a source of income you not be able to maintain your investment. Don't forget consistency play a big role in building up a good portfolio in bitcoin which means without having a source of income it will be hard to be consistent with buying of bitcoin.
It is possible to start buying bitcoin without a source of income as long as the discretionary income is there then works on how to get a source of income in other to be able to substain the investment.

I don't really understand you mate. Let me ask you, if you don't have a source of income, how then will you get the money to determine your discretionary, or, where will your discretionary income that you will use to invest come from if you don't have income?

Do you know what is income?  Income relates to flow.  You don't have to have a flow in order to have discretionary funds, but you do need to have some money or something that can be converted into money to have discretionary funds.

Our discretionary income comes from our basic income, be it from any source. Either a paid job, personal businesses, etc. but the truth is that there must be income for a discretionary to be determined.

That is not true.  Sure the discretionary funds came from somewhere, but they do not need to continue to flow or to come from some source that is continuing in order to be available to a person at any given time.

Let's say that a person just finds out about bitcoin, and so then they make an assessment of how much money they currently have, and various assets that they might already own.

Such person does not have to have a current job or future income that is known in order to assess if he has enough money to buy some bitcoin, whether that is $100, or $10 or some other amount.

Let's say, for example, that a person finds out about bitcoin, and they make a general assessment of their financial status and they determine that they have right around $10k that is available.. and maybe half of that (around $5k) in cash.
Their monthly expenses are around $1,500, so between their cash and the other assets that they have, they consider that they could live at their current expense level for nearly 7 months.

Does it matter from where they got the money (assets)?  Does it matter if they have a job within the next month or two?  Sure some folks might consider it to be reckless to invest in bitcoin if future income is not known, but this hypothetical person could easily decide to invest $100 per week into bitcoin for the next 6 weeks, and then maybe to look for a job starting in 6 weeks.  Even if someone has a job in which they were making $2,500 per month for the past 10 years, they are not necessarily guaranteed to have that income in the next month.  Sure, they might be able to presume that it is likely that they are going to continue to be able to earn the same income for the next 6 months, but it is not necessarily guaranteed that they can, merely based on their own personal history or whatever other factors that they might be considering that gives them assurance of their future income.

So we can't do away with the fact that we all need income to be able to invest.

No you don't.

You might need income to sustain your investment or to continue to live, yet income is not the ONLY thing that is available for a person to assess.. which they can assess their current assets and their current cash on hand that may or may not related to their past income, and surely it does not necessarily relate to whether or not they are going to have a future income.

We need income to be able to determine our discretionary, and then invest with it.

That is not true.  I am not going to repeat what I already said above.  You should be able to differentiate between income and assets/currency on hand..

The point is that we do not need big incomes, or income stability, or steady income before we begin our investment, because waiting for all this might delay you from getting started with your investments. So, it's as simple as, if your have been able to figure out what your discretionary income is, then you can start your investment accumulation, while you grow and learn alongside your investment

You sound confused.

There is also a difference between discretionary income and discretionary funds .. .the first one relates to income and the next one relates to what a person currently has available to him whether or not he had a past income or a future income.

[Charcol]

If you don't have a discretionary income take some time to start investing in Bitcoin. Wait or try to create a regular source of income. Discretionary income will flow from there. Without a consistent discretionary income flow there is a possibility of losing money on your investment. It is better to be a little flexible and try to make positive changes to your financial situation than to create losses or risks. To reduce the risk of investing in Bitcoin attach a long-term investment strategy through discretionary income.

I agree with you, if we don't have discretionary income it is important that we get a job because without securing one it would be difficult to have discretionary income to invest continuously. An investor need to have a job or a source of income very important because it would support his ongoing bitcoin accumulation and how consistent he accumulate would enable him reach over accumulation. My point is evennif we have discretionary income, we still need a source of income to figure out more discretionary income and support our bitcoin accumulation. . .

The prerequisite for Bitcoin investment is a source of income through which you can continue to invest continuously. The poor are discouraged from investing in Bitcoin and are advised to wait until they have a steady stream of discretionary income. By ignoring the fundamentals of long-term investing, you will be able to cover very little distance. It will often create risky situations because your main ingredient is missing. Spend time improving your financial situation and try to improve your luck through skill.

It may be difficult for a poor investor to reach the level of excess savings but not impossible if he can generate a steady stream of discretionary income. As well as increasing the flow of cash funds or the amount of funds to do aggressive DCA in the price fall season.

What that is actually needed to get started with your bitcoin investment is your discretionary income and not your source of income, i know of people who has a source of income but doesn't have a discretionary income to get started with, investing in doesn't mean we should have first have a steady source of income before we can go ahead with our bitcoin investment but we can start buying and be thinking on now to increase what gives us money so we can also be investing with a better discretionary income.
A poor person can still get to his accumulation target but it's only going to take him more years because he can actually be accumulating bitcoin gradually using the DCA strategy either accumulating regularly every weeks or months and continue to hodl.

Yes, you are right that we need discretionary income to start Bitcoin, having a source of income is not mandatory..I support this, but if I look at the matter in a more structured way, I can probably explain it more clearly..Having a source of income and having investable money are not the same thing. Many of us have a regular income, but due to debts, family responsibilities and daily expenses, we don't really have anything like savings. Then there are also many of us who have irregular income but can keep a small surplus by controlling our expenses. So the real issue is our cash flow management.

[PhilosopherKing]

You may not need a source of income to start investing in bitcoin but that doesn't mean having a source income isn't important because without a source of income you not be able to maintain your investment. Don't forget consistency play a big role in building up a good portfolio in bitcoin which means without having a source of income it will be hard to be consistent with buying of bitcoin.
It is possible to start buying bitcoin without a source of income as long as the discretionary income is there then works on how to get a source of income in other to be able to substain the investment.

Starting is what matters the most. So for anyone who haven't begun bitcoin what should be at the top of their mind is figuring out how to get discretionary income, which is the requirement to begin investing.

And if they get started they can begin looking for ways to build or get a frequent source of income so they can maintain their investment.

And even if income is not frequently coming, whenever the money comes in and they can isolate their discretionary income, they can still invest without stress at their own pace.

[Olatundespo]

You may not need a source of income to start investing in bitcoin but that doesn't mean having a source income isn't important because without a source of income you not be able to maintain your investment. Don't forget consistency play a big role in building up a good portfolio in bitcoin which means without having a source of income it will be hard to be consistent with buying of bitcoin.
It is possible to start buying bitcoin without a source of income as long as the discretionary income is there then works on how to get a source of income in other to be able to substain the investment.

Starting is what matters the most. So for anyone who haven't begun bitcoin what should be at the top of their mind is figuring out how to get discretionary income, which is the requirement to begin investing.

And if they get started they can begin looking for ways to build or get a frequent source of income so they can maintain their investment.

And even if income is not frequently coming, whenever the money comes in and they can isolate their discretionary income, they can still invest without stress at their own pace.

Starting to accumulate Bitcoin is also important having a steady source of income, whether that source is reliable or unstable. Even if someone has no source of income, they can start Bitcoin through their reserve fund but there are doubts about whether they can maintain that capital in the long term or you may be inclined to withdraw it at any time.

Wait for a steady income, even a discretionary income. Starting to accumulation Bitcoin is very important but being consistent is even more important because in volatile price situations, it is also important to maintain Bitcoin holdings and keep the DCA running.

If you do not have a consistent source of income, your Bitcoin holdings can be at risk because your main goal will be to withdraw the portfolio in case of any emergency for your family. The important thing is stay DCA method for Bitcoin accumulation and to have a backup of investments in case of any emergency.

[Abelly]

You may not need a source of income to start investing in bitcoin but that doesn't mean having a source income isn't important because without a source of income you not be able to maintain your investment. Don't forget consistency play a big role in building up a good portfolio in bitcoin which means without having a source of income it will be hard to be consistent with buying of bitcoin.
It is possible to start buying bitcoin without a source of income as long as the discretionary income is there then works on how to get a source of income in other to be able to substain the investment.

Starting is what matters the most. So for anyone who haven't begun bitcoin what should be at the top of their mind is figuring out how to get discretionary income, which is the requirement to begin investing.

And if they get started they can begin looking for ways to build or get a frequent source of income so they can maintain their investment.

And even if income is not frequently coming, whenever the money comes in and they can isolate their discretionary income, they can still invest without stress at their own pace.

Starting to accumulate Bitcoin is also important having a steady source of income, whether that source is reliable or unstable. Even if someone has no source of income, they can start Bitcoin through their reserve fund but there are doubts about whether they can maintain that capital in the long term or you may be inclined to withdraw it at any time.

Wait for a steady income, even a discretionary income. Starting to accumulation Bitcoin is very important but being consistent is even more important because in volatile price situations, it is also important to maintain Bitcoin holdings and keep the DCA running.

If you do not have a consistent source of income, your Bitcoin holdings can be at risk because your main goal will be to withdraw the portfolio in case of any emergency for your family. The important thing is stay DCA method for Bitcoin accumulation and to have a backup of investments in case of any emergency.

I think it is necessary to look at the matter in a balanced way. Before starting Bitcoin accumulation, it is more important than whether there is income or not, but how disciplined your personal financial plan is.
First, buying Bitcoin out of savings alone without an emergency fund is risky. At least 3-6 months of daily expenses should be set aside. Because Bitcoin's volatility is real, and if necessary, you have to sell at a loss, the entire DCA strategy will break down.
Second, DCA is only effective when it can be run long-term and regularly. Even if income is irregular, investing a certain percentage (such as 5-10% of income can be a relatively safe method. This reduces the stress when the market falls and reduces the need to suddenly liquidate the portfolio.
Third, the all or nothing mentality is not right. Bitcoin can be a good asset, but it is not wise to keep all your capital in one place. It is easier to hold in the long term if you have cash reserves or low risk investments as a backup.
 The most important thing is consistency + risk management. Stable income is good, but more important is proper money management and emotion control. Those who survive in the long run are the ones who benefit.

[Merit.s]

Starting to accumulate Bitcoin is also important having a steady source of income, whether that source is reliable or unstable. Even if someone has no source of income, they can start Bitcoin through their reserve fund but there are doubts about whether they can maintain that capital in the long term or you may be inclined to withdraw it at any time.

Wait for a steady income, even a discretionary income. Starting to accumulation Bitcoin is very important but being consistent is even more important because in volatile price situations, it is also important to maintain Bitcoin holdings and keep the DCA running.

If you do not have a consistent source of income, your Bitcoin holdings can be at risk because your main goal will be to withdraw the portfolio in case of any emergency for your family. The important thing is stay DCA method for Bitcoin accumulation and to have a backup of investments in case of any emergency.

You only need your discretionary income to start your bitcoin investment and not a steady source of income because some people have a steady source of income with no discretionary income. Just get started and look for other means of income to improve your financial strength in order for you to have a regular discretionary income.

If you don't have a steady source of income and bought bitcoin with your discretionary income, that doesn't mean that you will be forced to sell your bitcoin, you can still continue hodli and top it whenever, your discretionary income is available. It's those who bought bitcoin with money for their basic needs that would sell their bitcoin when their needs arises.

There are people who hit the jackpot and invested into bitcoin and was consistent with their DCA. A contractor that gets contract twice or more in a year can also be consistent with his DCA when he has sorted out his discretionary income after been paid and spread it out in various weeks for his DCA.

[JayJuanGee]

[edited out]

I think it is necessary to look at the matter in a balanced way. Before starting Bitcoin accumulation, it is more important than whether there is income or not, but how disciplined your personal financial plan is.
First, buying Bitcoin out of savings alone without an emergency fund is risky. At least 3-6 months of daily expenses should be set aside. Because Bitcoin's volatility is real, and if necessary, you have to sell at a loss, the entire DCA strategy will break down.

You do not need to establish back up funds of 3-6 months before you can get started.  You can start right away and build your back up funds at the same time. Start from where you are at and get started.  Sure, if you have an income of $2,500 for the month, and your expenses are $1,500 then you have $1k to get started.. you could put half into back up funds and half into bitcoin... or you could put $333 into bitcoin $333 into back up funds and have the other $333 for discretionary consumption.

After 10 months of the same thing, then you would have had invested $3,333 into bitcoin, $3,333 into your back up funds (which is 2.22 months of expenses) and $3,333 into discretionary consumption.  Guys have to figure out their balance based on their income/expenses situation.. but tends to be better to get the fuck started as soon as possible rather than diddly daddlying around.. and the main requirememnts to get started are discretionary funds and common sense... the rest can be learned as they go.

Second, DCA is only effective when it can be run long-term and regularly. Even if income is irregular, investing a certain percentage (such as 5-10% of income can be a relatively safe method. This reduces the stress when the market falls and reduces the need to suddenly liquidate the portfolio.

Sure .. no problem with that, since guys should be thinking 4-10 years or longer, yet newbies might not initially be able to commit to 4-10 years or longer, yet they can still get started and work out their timeline matters after they had already started.

Third, the all or nothing mentality is not right. Bitcoin can be a good asset, but it is not wise to keep all your capital in one place.  It is easier to hold in the long term if you have cash reserves or low risk investments as a backup.

Don't be retarded.  There is no reason to fuck around with other investments and dilute your bitcoin investment.  If the guy has $1k per month discretionary income, how are you going to suggest he divides it?  He does not have much to work with and you want to further dilute it to invest in some stupid shit for the mere sake of diversifying.  You sound retarded.  Maybe you can explain how you expect the guy from the example to divide up his $1k per month discretionary income?

The most important thing is consistency + risk management. Stable income is good, but more important is proper money management and emotion control. Those who survive in the long run are the ones who benefit.

Sure.  These points are agreeable (reasonable).