That is a contradiction, you don't need a source of discretion as discretion is a leftover money after your total expenses. Your source of income may be from a job or any work that provides an income, but not discretion. Discretion is just the remains from the income you generated after expenses.

There is no one that invest from there fixed income but from their discretion fund.

Well I think you have said all I wanted to say in the last paragraph just that there is a little misconception in the fist paragraph.

The importance of having a solid emergency fund in place cannot be overemphasized, and it's quite reasonable to aim for at least, 3 months of one's living expenses, at least that's reasonable enough. It's also important to note that reaching this target isn't very easy and requires quite some time, especially when the individual is simultaneously building their Bitcoin portfolio alongside the Emergency fund.
In a situation like this, it's important to set one's priorities straight, which is to prioritize both emergency fund and Bitcoin's investment by allocating resources accordingly to both of them, and then once the targeted size has been achieved I the emergency fund, folks may now have to reassess their strategy and become more aggressive in their Bitcoin accumulation.

It's very mandatory for every individual to have the flexibility of adjusting their backup fund levels as well as designations based on their individual circumstances and financial position. Yeah, it's true that some folks would rather prefer to just have a larger emergency fund and not bother having other reserve funds, but it think it's important to have desperate backup funds, such as the reserve and float funds, as this may prevent one from always tapping into the emergency when minor financial needs or emergencies comes up, because this will help the emergency fund remain standby for actually emergencies which is the main purpose it was initially built, using it for all emergencies, including the minor ones might potentially deviate the individual's focus from the true purpose the emergency fund was initially meant to serve which could potentially result to a financial mistake.
But ultimately, the key remains to strike a balance between Building wealth through investing in Bitcoin and simultaneously maintaining a safety net that'll help mitigate potential risks.
It's also very crucial to acknowledge the fact that the priorities and financial situations of every investor is capable of changing overtime, and in such a case, it's important for their back up strategy to also be flexible enough to also adapt to those changes accordingly. By regularly reviewing and adjusting (when necessary) their emergency funds and reserve funds allocation, it'll be easier for investors to adequately prepare themselves for unexpected events while also pursuing their long term financial goals.

I think you’re misquoting Loyang, and deviating from the point Loyang is trying to say because after I carefully read through loyangs post I think he’s actually stating the obvious fact based on the point I feel the  quote is trying to talk about. I think what Loyang is trying to say that is not good to take all your weekly or monthly earnings or income to  invest in bitcoin. For example if a person earns $100 as a fixed salary or income per week or month, that it’s advisable for the person not to take all the money to invest In bitcoin, because if that happens, the person will be in a serious financial crisis during his time of need to settle his other financial obligations and also when an emergency occurs, the person is likely to tend to his bitcoin holdings to sort out his financial obligations or during emergency situations. Instead, its  advisable that the individual should be able to first of all settle or sort his other financial obligations such as paying for his rent, and other bills etc, and whatever money that’s left (discretionary income) after settling all of this should be used to invest In bitcoin and also from there the individual can also build up an emergency funds in order to sustain or maintain his ongoing investment.

By fixed income we mean a predetermined and regular source of income. For example, a monthly salary from a job, or the money we earn at regular intervals. Most people have a fixed income. They save and invest based on a fixed income. Fixed income is positive for investing, this is not a problem. However, there may be some reasons why a fixed income is not sustainable, such as: The money earned from the fixed income is not left after spending. That is, not having money left after spending is the main obstacle in the way of investment. In my opinion, the real challenge is the income-expenditure ratio. If someone earns $1000 from a fixed income every month and he can keep $200 left after meeting all his expenses, emergency fund, needs. Then this $200 can be his investment capital. But if he spends the entire amount of his income, then he will have no money left to invest. On the other hand, if someone earns twice as much money and spends it all, he will have nothing. The saying that 'fixed income' is not sustainable is only logical when someone does not manage his money properly.  In my opinion, the sustainability of an investment depends on financial discipline and the individual's perspective, not on the type of income. So, regardless of the type of income, if there is no proper financial habits, then the investment is not sustainable. With proper discipline and planning, long-term investments can be built even from limited or fixed income.

Well I think it’s all about Financial strategy, I really do not know how possible it will be for someone who have a fixed income not to be able to accumulate much bitcoin if that is what is being said then I must say it’s actually not true and I agree with you, Bitcoin investment depends on our amount of discretionary income and if we’re able to accumulate a good number of Bitcoin it will depend on our level of discretionary income available, and it’s better to start investing little by little and fraction by fraction, assuming that we’ve a plan of 10$ on a weekly basis or monthly basis depending on when we have a discretionary income which I think that is a good idea of starting, and that will definitely not stop us from increasing our finance in due time to have more discretionary income, I absolutely think starting little by little is more better than not starting and thinking of having a more sustainable bitcoin portfolio, as an investor we can also have to adjust our financial buoyancy and our lifestyle to be able to have more discretionary amounts to enable us to buy and accumulate more bitcoin into our portfolio.

I don't think we need to complicate this issue, because basically, if we don't have a steady income, how can we have discretionary funds? Discretionary funds exist and we can have them because we have a steady income. So, the point is, we should not consider a steady income to be unimportant. Because basically, it is from a steady income that we can have discretionary funds and also emergency funds. So for those who say that a steady income isn’t important, I think they need to rethink their position. Because in the realm of investment, such as with Bitcoin, we need to think realistically. So let’s not get the wrong idea about this. Because the consequences will be very severe if we misunderstand our own cash flow.

No one is saying that a steady income is not good, what they’re only trying to let you know is that not having a steady income doesn’t mean you can’t invest in bitcoin, and also a steady income flow isn’t the benchmark to invest in bitcoin, rather it’s just your discretionary income that’s needed . You just need a discretionary income to be able to invest and accumulate bitcoin. It mustn’t flow steadily, because most people don’t even have a steady income flow or should I say they are not permanently employed to a company or institution where they are being paid steadily either on weekly or monthly basis, but rather they are contractors whose income flows only when they are able to hit or finish a particular contract, and after they might have gotten a particular contract and are able to finished working on the contract and got paid, it may also take them some few months times or even years before they could hit another contract, you can’t say that such persons have a steady income flow but the most important thing is that they have a source of being able to figure out their discretionary income to invest in bitcoin whenever they successfully get and complete a particular contract. The goal is to be able to figure out a discretionary income to invest and accumulate bitcoin and hodl for the long term, no matter how seldom your income flows as far as once in a while you’re able to figure out a discretionary income to accumulate and add to your ongoing bitcoin holdings and also hodl for the long term, and gradually build up your portfolio to meet your investment or accumulation targets.

Three months or more is definitely good number for emergency funds, one thing people need to understand is we cannot have a perfect emergency funds saved because there are some emergency situations that will eat up even a one year emergency fund budget, hopefully we just don’t get cut up in it. So trying to have a perfect emergency fund will definitely be almost impossible so trying to keep excess emergency funds will just be taking way too much time for accumulation of bitcoin so for me I agree with the threshold of three months to six months and while doing that little amount should surely be getting into bitcoin too. Because one of the most obvious mistakes we make today is that we keep hold of purchasing bitcoin while trying to have everything perfect first before buying and this actually makes one to miss out on some good buying opportunities. Investment in bitcoin can be gradual just like one taking off negligible amount from his income to keep for his pension I think such can be done for bitcoin too pending when the time for aggressive accumulation will come.



Income or no income with ever growing responsibility that we shoulder today most especially with the our money losing purchasing power we will definitely never be free to say this is the perfect time to invest into bitcoin. You don’t necessarily need to have permanent source of income to start investing into bitcoin, any form of income even if it is not constant one should actually take some out after clearing the major needs to invest it into bitcoin. It all boils down to what extra wants we can actually sacrifice to use the money meant for it to buy bitcoin. Many think this is only possible with having a permanent source of income but it is not.

Financial management is key for anybody that wants to succeed in Bitcoin investment, especially when you're not very rich. You must make budget for your income if you must achieve your goal of long term investment otherwise you can get carried away with unnecessary spendings then forget things that are important. It is worthy to note that you need to make provision for secondary expenses which is discretionary funds so that you can channel funds that don't fall into basic needs to that purse. That is where funds to buy Bitcoin comes out from and if you choose the DCA strategy to buy Bitcoin you can succeed by constantly buying and hodl for the long term.

A stumbling block to DCA strategy is if you lose your source of income or inflation hits your local currency while your income is still stagnant. To be consistent in Bitcoin investment for the long term you need to always think outside the box on how to increase your total income. Bitcoin going concern is money, if you don't have money to buy, your DCA strategy will pause or cease.