The first thing you need to do before buying your first bitcoin is to check if you have discretionary income because it's only discretionary income that should be used to accumulate bitcoin. Anyone that buy bitcoin with money that is not his discretionary income is gambling because he will sell the bitcoin at loss when he needs arises and the market is below his entry price. There are some things that common sense is enough to let you know it's wrong.

This is why you need your discretionary income to start your bitcoin investment and a consistent discretionary income to continue DCAing consistent and persistent till you reach your bitcoin target. It's still your discretionary income that you will use to set up your emergency funds and other backup funds.

DCA strategy doesn't just reduce the fear of timing the market, when using DCA strategy there is no longer any need to time the market. So DCA strategy removes the need to time the market because every time and price is the right time and price to buy Bitcoin. With DCA strategy an investor buys Bitcoin without fear. Also consigning the emotions, if using DCA strategy and an investor is still emotional, that is a total misunderstanding because using DCA strategy doesn't just lower emotions it completely removes emotions.

In my opinion, these difficulties will not exist if we have a clear income and can manage our finances well, because with a clear income and good money management, it can make the distribution of the income earned go well, such as separating it to meet needs and for emergency funds as well as for investment. But still, if the finances are not stable then even with good money management it is difficult in my opinion even though good money management can be done but yes there may still be difficulties. And if that's the case then the problem that must be overcome first is to increase income to create a stable cash flow so that everything can be fulfilled sufficiently.

I agree with you that discretionary income is required to start investing. Because investment should always be done from discretionary income.

But it is not mandatory to have so-called basic knowledge to start investing. What is required at the beginning of investing is discretionary income. If someone has discretionary income in his hand, then he can start anything without any hesitation. Basic knowledge is just an excuse not to start investing. Because learning does not stop after starting investing, rather the interest in learning increases.

I agree with you here that it is necessary to have the knowledge to create a self-custodial wallet and to store the seed phrase. But these things can be learned even after starting. If a new investor who wants to start, is forced to learn about self-custody, seed phrase on the first day, then it is possible that he will get bored and will not start at all. It is not a bad idea to deposit a small amount on the exchange for some time by DCA. Then when he is ready to handle his own security, he will use his own wallet. The main thing is that it is not wrong to use the exchange in the initial stage, but the biggest mistake is not to start under the pressure of learning the basic knowledge.

Bud, there is time for everything

It is inconsequential for person to be learning security when there is no bitcoin in place to protect. First things first,person should start his ongoing investment when he has discretionary income and common sense to determine the amount he can invest. Investment is a way that person can better learn of bitcoin, and that means that as person is buying bitcoin they can also be learning about other things that needs to be learned about. So you don't have to be delaying your investment because you are learning security

As far as Bitcoin investment is concerned DCA strategy remains the best strategy to accumulate it because it has proven to be an asset that will recover from dip so there is no need to be monitoring the market. As long as you have discretionary funds you should keep buying till you achieve the goal of holding for many years and by all means you can still hold beyond when you plan to liquidate because it is your money.

DCA strategy is about focus on the long term goal while following the process of short term buying in instalment as you have planned your discretionary accumulation. As far as you have discretionary funds to buy DCA is the best.

You have expressed an over reliance on discretionary income for Bitcoin accumulation but I don't want to make it too complicated. You may not have discretionary income at the initial stage of investing but you can still start accumulation Bitcoin if you have excess funds or discretionary funds available. This is an early stage situation for Bitcoin accumulation.

With changing personal capabilities you can gradually reach a point of financial well-being and can accumulate Bitcoin regularly through discretionary income. Some investors may have started investing in Bitcoin late. They do not have a regular source of income but they receive a monthly retirement allowance and have a strong desire to accumulate Bitcoin. They can also be a successful Bitcoin investor if they have a long term strategy and the psychological condition to hold Bitcoin.

I believe that DCA method is the best method a no coiner can use to accumulate bitcoin comfortably and build his bitcoin portfolio overtime till he reaches his bitcoin target as he keeps his weekly DCA ongoing with persist and consistent.

The only investor that can complain about using DCA not been comfortable for him is if he doesn't have a regular discretionary income to buy bitcoin weekly/monthly. He can choose to buy bitcoin whenever, he has discretionary income but apart from that, I don't see why anyone will say lump sum or buying at the dip is more comfortable than using DCA because these other two accumulation method wouldn't make you continue to buy bitcoin weekly.

The investor using DCA will achieve his bitcoin target faster than any investor that's not accumulating with DCA. Some people will argue this. However, any investors that has the financial capacity to mix all three strategies and invest aggressively will definitely reach his bitcoin target faster than anyone using only one method to accumulate bitcoin.

I have to agree with you because I know many people who have made this mistake and faced losses because they were doing this without any strategy or consistent income. At the end, they mostly faced losses and then said goodbye to this crypto and Bitcoin world. Here, there always needed to be some work done after this.
If someone can afford it, he surely invests; otherwise, he needs to stay away because in many cases, if you do not have enough funds, you have to sell your bitcoin or crypto while the price is also down. This always brings losses.
A few weeks back, one of my friends on social media faced big losses because he bought bitcoin at a good price but at the end sold at a low price because he failed to settle his loans and other expenditures through his salary. Always doing a good strategy for having better results.

Those that are still messing around trying to figure out everything before starting their accumulation are just wasting valuable time that should have been used to buy and accumulate because common sense and discretionary income is enough to get started, and you can easily attain more knowledge on what and what is needed to be able to hold strong, like putting down emergency and reserve funds in place to safeguard your Bitcoin investment from any emergency situation, but if you fails to start, all in the name of trying to figure out everything, you may not even start at all, and the possibility of procrastination creeping in is also there, so it's very important to start before seeking more knowledge on it.