Buy the DIP, and HODL!

[Tmoonz]

Apparently it seems that you don't comprehend the indepth of my post or maybe you are among those that encourages the mindset of saying that until I have a strong source of income I will not invest in Bitcoin when all we needed to figure out is only if we have a discretionary income to invest, my assertion was that even those with an irregular income flow can invest in to Bitcoin right away with the DCA strategy rather than waiting for a dip that may or may not happen provided that there is an availability of a discretionary income at some point in their life, for those with an irregular income source at any point they discover that they don't have a discretionary income to invest they can pause their investment and continue whenever they have. Secondly, It is old fashioned to save money before buying Bitcoin perhaps you are not buying a whole bitcon but a fraction with the dca strategy.

I guess you can't understand what is written, or you are in the mode of responding without reading carefully. I suggest you reread the first message you responded to. People can't invest without a source of income. Unless you have found a way to create money out of thin air, your suggestion is invalid. How do you think a person with no income can buy Bitcoin? Saving money means putting money aside for investment, there is no timeline stated here. You can buy Bitcoin as soon as you have money to spare. The fact that you have to explain something so simple gives the impression that you are a person who can't understand what you read but only writes to give the answer you have in mind.

It is no longer new how people read others post and misunderstood or misinterpret it, your obsession or I would rather say your conception about my post is totally wrong perhaps I never made mentioned of how people can invest without source of income rather you failed to understand that there is different between not having an income source and an having irregular source or sources of income and that's exactly where you are having problems with my post, in summary I was of the opinion that even though with irregular source or sources of income can still invest in Bitcoin which of course they don't also have to wait for a dip before making their purchases, I was not talking about anything relating to investing without a source of income as you said I did.

[LGD2Business]

It is no longer new how people read others post and misunderstood or misinterpret it, your obsession or I would rather say your conception about my post is totally wrong perhaps I never made mentioned of how people can invest without source of income rather you failed to understand that there is different between not having an income source and an having irregular source or sources of income and that's exactly where you are having problems with my post, in summary I was of the opinion that even though with irregular source or sources of income can still invest in Bitcoin which of course they don't also have to wait for a dip before making their purchases, I was not talking about anything relating to investing without a source of income as you said I did.

In this case we are back to square one. People without a regular income can't allocate money for investment. I guess this concept of "regular income" has a different meaning for you. Maybe where you learned English, they taught it in a different way. It could be a salaried job or some other source of income. It's clearly meant as "the money one earns to live on". If you invest with the money you have to live on, you will have to break your investment when you need that money. This is undesirable. Investing is done with spare money, not with money that you use to meet your basic needs.
The fact that I have to explain something so obvious over and over again makes me feel like I'm being trolled, so I'll leave it at that. For those who still don't get it, there's nothing I can do. I would appreciate it if you don't make any more wrong quotes.

[Emjay24]

The fact that I have to explain something so obvious over and over again makes me feel like I'm being trolled, so I'll leave it at that. For those who still don't get it, there's nothing I can do. I would appreciate it if you don't make any more wrong quotes.

It is funny to see you playing victim when you are the one acting funny here, You have been explaining this point void of proper understanding and more than two people have been correcting you, but you proved adamant. At a point I was tempted to ask you if you were merely fulfilling your post count with such display because it was very obvious you were spamming this thread with your replies.

Anyways... Good thing you have decided to stop and.... bad thing you decided not to learn.... Good riddance

[bitzizzix]

It is no longer new how people read others post and misunderstood or misinterpret it, your obsession or I would rather say your conception about my post is totally wrong perhaps I never made mentioned of how people can invest without source of income rather you failed to understand that there is different between not having an income source and an having irregular source or sources of income and that's exactly where you are having problems with my post, in summary I was of the opinion that even though with irregular source or sources of income can still invest in Bitcoin which of course they don't also have to wait for a dip before making their purchases, I was not talking about anything relating to investing without a source of income as you said I did.

In this case we are back to square one. People without a regular income can't allocate money for investment. I guess this concept of "regular income" has a different meaning for you. Maybe where you learned English, they taught it in a different way. It could be a salaried job or some other source of income. It's clearly meant as "the money one earns to live on". If you invest with the money you have to live on, you will have to break your investment when you need that money. This is undesirable. Investing is done with spare money, not with money that you use to meet your basic needs.
The fact that I have to explain something so obvious over and over again makes me feel like I'm being trolled, so I'll leave it at that. For those who still don't get it, there's nothing I can do. I would appreciate it if you don't make any more wrong quotes.

I also sometimes do not understand how someone can invest if they do not have a fixed income but there are also those who agree with it, because logically if they do not have a fixed and certain income how can they meet their needs because if they have an uncertain income they will definitely prioritize important needs or living needs which of course are not enough because to make an investment they also need a reserve fund or emergency fund which I think is a bit unreasonable and this is especially for those who have limitations in the lower middle class. So having a fixed income is a must for those who want to invest and a fixed income is broad and certain, from business results, salary or other income that ensures they have a fixed and certain income even though the amount is uncertain but it is certain to support them in making investments, reserve funds or emergency funds and also other important needs which I think usually do not require a small amount of funds so it is very important to have a fixed income in the sense that a fixed income is obtained daily, weekly or monthly to support everything especially we need money to live and that is the same as a fixed income because it must be obtained which is the determinant for the plans and desires that we want to achieve.

[asarfiar]

Apparently it seems that you don't comprehend the indepth of my post or maybe you are among those that encourages the mindset of saying that until I have a strong source of income I will not invest in Bitcoin when all we needed to figure out is only if we have a discretionary income to invest, my assertion was that even those with an irregular income flow can invest in to Bitcoin right away with the DCA strategy rather than waiting for a dip that may or may not happen provided that there is an availability of a discretionary income at some point in their life, for those with an irregular income source at any point they discover that they don't have a discretionary income to invest they can pause their investment and continue whenever they have. Secondly, It is old fashioned to save money before buying Bitcoin perhaps you are not buying a whole bitcon but a fraction with the dca strategy.

I guess you can't understand what is written, or you are in the mode of responding without reading carefully. I suggest you reread the first message you responded to. People can't invest without a source of income. Unless you have found a way to create money out of thin air, your suggestion is invalid. How do you think a person with no income can buy Bitcoin? Saving money means putting money aside for investment, there is no timeline stated here. You can buy Bitcoin as soon as you have money to spare. The fact that you have to explain something so simple gives the impression that you are a person who can't understand what you read but only writes to give the answer you have in mind.

It is no longer new how people read others post and misunderstood or misinterpret it, your obsession or I would rather say your conception about my post is totally wrong perhaps I never made mentioned of how people can invest without source of income rather you failed to understand that there is different between not having an income source and an having irregular source or sources of income and that's exactly where you are having problems with my post, in summary I was of the opinion that even though with irregular source or sources of income can still invest in Bitcoin which of course they don't also have to wait for a dip before making their purchases, I was not talking about anything relating to investing without a source of income as you said I did.

If you do not have any source of income, then you cannot invest in Bitcoin. The reason is that if your income is cut off, you will not be able to control your family and if you have any remaining assets, you will have to sell them to meet the needs of your family. And if you do not have any remaining assets, you may have to borrow money from someone or beg to support your family. So to continue investing in Bitcoin, you must have regular or irregular income.

Tmoonz You have said a very good thing. There are many who post wrongly. We should try to make ourselves complete and post well. Because a good post of yours will help you move forward and others will also be inspired.

[Zackz5000]

It is no longer new how people read others post and misunderstood or misinterpret it, your obsession or I would rather say your conception about my post is totally wrong perhaps I never made mentioned of how people can invest without source of income rather you failed to understand that there is different between not having an income source and an having irregular source or sources of income and that's exactly where you are having problems with my post, in summary I was of the opinion that even though with irregular source or sources of income can still invest in Bitcoin which of course they don't also have to wait for a dip before making their purchases, I was not talking about anything relating to investing without a source of income as you said I did.

In this case we are back to square one. People without a regular income can't allocate money for investment. I guess this concept of "regular income" has a different meaning for you. Maybe where you learned English, they taught it in a different way. It could be a salaried job or some other source of income. It's clearly meant as "the money one earns to live on". If you invest with the money you have to live on, you will have to break your investment when you need that money. This is undesirable. Investing is done with spare money, not with money that you use to meet your basic needs.
The fact that I have to explain something so obvious over and over again makes me feel like I'm being trolled, so I'll leave it at that. For those who still don't get it, there's nothing I can do. I would appreciate it if you don't make any more wrong quotes.

We shouldn't go into bitcoin investment if we don't have our discretionary income thats the right way to approach bitcoin investment, Investing with money we have to live on is pure gambling and its not advisable to do such, having source of income doesn't guarantee we should invest if we have not yet figure of discretionary, those who Invest with what they can't let go will definitely sell off too soon because they failed to understand not just having a source of should be a guarantee to invest into Bitcoin but knowing you have discretionary income to get started.

[Futurexxx]

We shouldn't go into bitcoin investment if we don't have our discretionary income thats the right way to approach bitcoin investment, Investing with money we have to live on is pure gambling and its not advisable to do such, having source of income doesn't guarantee we should invest if we have not yet figure of discretionary, those who Invest with what they can't let go will definitely sell off too soon because they failed to understand not just having a source of should be a guarantee to invest into Bitcoin but knowing you have discretionary income to get started.

You have an interesting point here honestly, because I have seen someone that is working and is receiving salary at the end of every month but he still can't take proper care of his basic needs, reasons that his take home salary is just too poor, so your point is very much valid, if you can't sort out your discretionary income from from your source of income, it's not adviceable to start your Bitcoin accumulation process, because it will be just a matter of time before you fall back to your investment just for survival.

[sotelorene]

We shouldn't go into bitcoin investment if we don't have our discretionary income thats the right way to approach bitcoin investment, Investing with money we have to live on is pure gambling and its not advisable to do such, having source of income doesn't guarantee we should invest if we have not yet figure of discretionary, those who Invest with what they can't let go will definitely sell off too soon because they failed to understand not just having a source of should be a guarantee to invest into Bitcoin but knowing you have discretionary income to get started.

You have an interesting point here honestly, because I have seen someone that is working and is receiving salary at the end of every month but he still can't take proper care of his basic needs, reasons that his take home salary is just too poor, so your point is very much valid, if you can't sort out your discretionary income from from your source of income, it's not adviceable to start your Bitcoin accumulation process, because it will be just a matter of time before you fall back to your investment just for survival.

I don't really think Zackz5000 is referring to people that there income is very small to take care of themselves and invest in Bitcoin rather what Zackz5000 was saying is that anyone who uses his or her feeding money or expenses money to invest in Bitcoin is a gambler in a disguise and an Investor is not suppose to do that, zackz5000 further explain that, any money an investor is suppose to use to invest in Bitcoin should come from there discretionary and it is only gamblers that uses feeding money and expenses money to invest because they don't have discretionary and once someone invest outside there discretionary or without having discretionary, it is already a wrong investment

[Proty]

Apparently it seems that you don't comprehend the indepth of my post or maybe you are among those that encourages the mindset of saying that until I have a strong source of income I will not invest in Bitcoin when all we needed to figure out is only if we have a discretionary income to invest, my assertion was that even those with an irregular income flow can invest in to Bitcoin right away with the DCA strategy rather than waiting for a dip that may or may not happen provided that there is an availability of a discretionary income at some point in their life, for those with an irregular income source at any point they discover that they don't have a discretionary income to invest they can pause their investment and continue whenever they have. Secondly, It is old fashioned to save money before buying Bitcoin perhaps you are not buying a whole bitcon but a fraction with the dca strategy.

I guess you can't understand what is written, or you are in the mode of responding without reading carefully. I suggest you reread the first message you responded to. People can't invest without a source of income. Unless you have found a way to create money out of thin air, your suggestion is invalid. How do you think a person with no income can buy Bitcoin? Saving money means putting money aside for investment, there is no timeline stated here. You can buy Bitcoin as soon as you have money to spare. The fact that you have to explain something so simple gives the impression that you are a person who can't understand what you read but only writes to give the answer you have in mind.

It is practically impossible for anyone to start any form of investment be it bitcoin investment or any form of investment without a source of income.infact not just source of income the person should have a good cash flow inorder to be able to sustain the investment since they are venturing into gambling with bitcoin which doesn't require long term goals

Having a source of income is not even a guarantee that one can start accumulating bitcoin because your income should be able to sort out your daily expenses and family needs them if there is any disposable income that is ones discretion,this is what should be invest in bitcoin in other to have a smooth and successful investment .

[JayJuanGee]

Apparently it seems that you don't comprehend the indepth of my post or maybe you are among those that encourages the mindset of saying that until I have a strong source of income I will not invest in Bitcoin when all we needed to figure out is only if we have a discretionary income to invest, my assertion was that even those with an irregular income flow can invest in to Bitcoin right away with the DCA strategy rather than waiting for a dip that may or may not happen provided that there is an availability of a discretionary income at some point in their life, for those with an irregular income source at any point they discover that they don't have a discretionary income to invest they can pause their investment and continue whenever they have. Secondly, It is old fashioned to save money before buying Bitcoin perhaps you are not buying a whole bitcon but a fraction with the dca strategy.

I guess you can't understand what is written, or you are in the mode of responding without reading carefully. I suggest you reread the first message you responded to. People can't invest without a source of income. Unless you have found a way to create money out of thin air, your suggestion is invalid. How do you think a person with no income can buy Bitcoin? Saving money means putting money aside for investment, there is no timeline stated here. You can buy Bitcoin as soon as you have money to spare. The fact that you have to explain something so simple gives the impression that you are a person who can't understand what you read but only writes to give the answer you have in mind.

You guys seem to be arguing for the sake of argument, even though some good points are brought up in your posts.

You have to have discretionary income to invest into bitcoin, yet you do not need a steady income to invest into bitcoin.

Of course, if you have irregular income, then you are going to be challenged to figure out from where your next income will come, and perhaps if you do not have regular income, then you have to hold more cash in reserves in order to be sure that you have enough for expenses, and if you run out of savings then you will be stuck having to cash out of some or all of your bitcoin at a time that is not of your own choosing...

It tends to not be a good idea to either continue to invest into bitcoin from savings or to take out a loan to invest into bitcoin, unless you have some assurance of income to be able to replace the savings or to service the loan.  Of course, excess savings can be used to invest into bitcoin, but at some point, there seems to be a need to have an income if the savings might become depleted.. and so we may well presume that most people are investing from various income that they have that likely comes from work, even though there could be guys who have passive sources of income too, and who are able to invest into bitcoin from their passive sources of income.

From what I can see and understand, you are the one misunderstanding Tmoonz, he's coming from an angle of irregular cashflow and their ability to continue accumulating BTC regardless of the  randomness of their income availability as long as they have discretionary income from their income at any intervals it becomes available and he is not in any way saying that those that do not have a sourceof income should buy bitcoin.

It is safe to tell you that not everyone that has a source of income would have discretionary income after removing expenses budget and for some people, the funds they make is not even enough to take care of their expenses, so your ability to invest into bitcoin is largely dependent on the availability of discretionary income.

He was the one who quoted and responded to my message, but what he said had nothing to do with what I said. You should go back to the beginning of the discussion. He says for someone with no income to invest, but he doesn't say where the money will come from. If you look at what I said at the beginning, I said that people should buy Bitcoin with any money they don't need, and they shouldn't wait to invest. Are you against that? Someone who doesn't have a regular income can't do that because they don't know when they need that money and they might have to sell it when they don't want to, that may cost them to lose more money. I think that's clear enough.

You might be correct that there could be cases in which a guy believes that he has enough income or savings to be able to invest, yet he does not have enough confidence in terms of from where his next income is going to come, so he may well be better off to not invest until he has more confidence in regards to the next of his income. so in that regard, you and Tmoonz seem to be saying similar things in regards to ONLY being able to invest from within discretionary income, yet Tmoonz also seems to be saying that a guy does not need to have steady income prior to being able to invest into bitcoin, which seem to be a bit of your contention (LGD2Business).  

You (LGD2Business) seem to be saying that the guy already needs to know that he has a future income in order to invest into bitcoin, since he might need the money later.  You guys are not really that far apart, and I tend to agree with Tmoonz in the sense that you seem to be overly focused on the need to know your income sources in advance, and from my point of view, there are a lot of guys who do not have that much clarity in their future source incomes, they just do their best to continue to find work, and their work may well be sporadic rather than regular, yet they still might be able to invest into bitcoin with part of the income that they do receive, even if they have uncertainties regarding their future income.  

I do also think that any guys who have a lot of uncertainty in their income, they are likely going to keep higher amounts of cash cushion, and I doubt that any of us recommends investing into bitcoin without any back up funds, since if a guy invests into bitcoin without back up funds, then the bitcoin investment is serving as back up funds, which tends to be too risky of a place to be... My own attempt to balance these kinds of poor person dilemmas is to suggest that poor people should be striving to build their backup funds at the same time as building up their bitcoin investment, so surely it could take a year or more in which their back up funds and their bitcoin investment had received a whole 3 months worth of expenses invested into them.. and so there might not be much of any confidence to invest aggressively into bitcoin until having at least 3 months worth of expenses as back up funds available..

yet surely, each person has to figure out their balance, and hopefully they can figure out ways to build their bitcoin and their emergency fund and to get to a position that they are able to invest into bitcoin even more aggressively, yet if they continue to have sporadic income and sporadic work as they are investing into bitcoin, then surely they might have troubles continuing to build their bitcoin investment if they are not able to get out of that irregular income situation, and you are correct LGD2Business that they may well need to be striving to get some more steady income sources in order to be successful with their bitcoin investment, even though they do not need to have steady income sources in order to get started investing into bitcoin and striving to improve their financial and/or psychological situation by building up their bitcoin holdings and other building up of cashflow management systems and practices.

I think that many guys will rightfully argue with other forum members when it seems that other members are suggesting obstacles prior to their ability to invest into bitcoin, and many of us realize that matters do not have to be perfect in order to for a guy to get started investing into bitcoin, yet surely if anyone is going to continue to be able to invest into bitcoin, they may well have to work out various areas of their finances and/or psychology that have faults that may well end up interfering with their abilities to continue to invest into bitcoin for 4-10 years or longer.

It is no longer new how people read others post and misunderstood or misinterpret it, your obsession or I would rather say your conception about my post is totally wrong perhaps I never made mentioned of how people can invest without source of income rather you failed to understand that there is different between not having an income source and an having irregular source or sources of income and that's exactly where you are having problems with my post, in summary I was of the opinion that even though with irregular source or sources of income can still invest in Bitcoin which of course they don't also have to wait for a dip before making their purchases, I was not talking about anything relating to investing without a source of income as you said I did.

In this case we are back to square one. People without a regular income can't allocate money for investment. I guess this concept of "regular income" has a different meaning for you.

You do need discretionary income to invest into bitcoin, yet you do not need a "regular income" to invest into bitcoin, and if you (LGD2Business) keep insisting that guys have to have a regular income to invest into bitcoin, you are going to continue to receive push back, since you seem to be making higher than necessary requirements to invest into bitcoin.. and maybe you are not doing it on purpose, but it seems that you are attempting to described bitcoin investing in more difficult and complicated ways than it needs to be described.

Of course, the more income that a person has, then the more options he is going to have, yet we also know that bitcoin can be quite empowering for quite poor people who generally would not be able to invest, since bitcoin is available to anyone and everyone as long as they have some discretionary income and even if they are only able to invest into bitcoin irratically, they may still be better off investing into bitcoin rather than not investing into bitcoin, even if their income situation is not very good.

Maybe where you learned English, they taught it in a different way. It could be a salaried job or some other source of income. It's clearly meant as "the money one earns to live on". If you invest with the money you have to live on, you will have to break your investment when you need that money. This is undesirable.

Exactly.  You are describing the need for a guy to have discretionary income, so his income has to be higher than his expenses, and surely people without very much discretionary income and those who do not have back up funds are going to be more prone to make mistakes as compared to guys who have some kind of a financial cushion. Accordingly, guys who have smaller levels of discretionary income and even more infrequent discretionary income, are likely going to need to be more organized in their cashflow management skills and practices, as compared with guys who have higher levels of discretionary income.. yet even the guys with low levels of discretionary income are not precluded from investing into bitcoin, yet if they really want to prosper in bitcoin, they have to make sure that they do not invest into bitcoin beyond their discretionary income.. which is not easy if they do not have very much discretionary income...

Maybe some poor folks only have around $10 per week of discretionary income, so they might have troubles figuring out if they should invest into bitcoin or just keep it in cash for a few weeks and then to reassess the extent to which they are comfortable to use what discretionary income that they have for investing in bitcoin as compared with other places they could use that money.

Investing is done with spare money, not with money that you use to meet your basic needs.
The fact that I have to explain something so obvious over and over again makes me feel like I'm being trolled, so I'll leave it at that. For those who still don't get it, there's nothing I can do. I would appreciate it if you don't make any more wrong quotes.

I doubt that you are explaining anything that guys here don't already know, even if sometimes they might make mistakes in the ways that they describe discretionary income. .including yourself LGD2Business.. for some reason, you seem to think that there is a need to have a regular income in order to have discretionary income, which to me (and probably to others here, too), it seems that you are placing the requirements too high, since having discretionary income does not require having regular income.. Having discretionary income is merely having some money left over after accounting for expenses, and sure if the guy mistakenly uses income for expenses to invest into bitcoin, and he thought that the money was discretionary income and instead it was money that he needed for expenses, then surely that guy is going to have to pay for his mistake.. so it surely is better to not make mistakes, but there isn't any need for a regular income in order to assure that money being used to invest into bitcoin is not needed for expenses.

Apparently it seems that you don't comprehend the indepth of my post or maybe you are among those that encourages the mindset of saying that until I have a strong source of income I will not invest in Bitcoin when all we needed to figure out is only if we have a discretionary income to invest, my assertion was that even those with an irregular income flow can invest in to Bitcoin right away with the DCA strategy rather than waiting for a dip that may or may not happen provided that there is an availability of a discretionary income at some point in their life, for those with an irregular income source at any point they discover that they don't have a discretionary income to invest they can pause their investment and continue whenever they have. Secondly, It is old fashioned to save money before buying Bitcoin perhaps you are not buying a whole bitcon but a fraction with the dca strategy.

I guess you can't understand what is written, or you are in the mode of responding without reading carefully. I suggest you reread the first message you responded to. People can't invest without a source of income. Unless you have found a way to create money out of thin air, your suggestion is invalid. How do you think a person with no income can buy Bitcoin? Saving money means putting money aside for investment, there is no timeline stated here. You can buy Bitcoin as soon as you have money to spare. The fact that you have to explain something so simple gives the impression that you are a person who can't understand what you read but only writes to give the answer you have in mind.

It is practically impossible for anyone to start any form of investment be it bitcoin investment or any form of investment without a source of income.infact not just source of income the person should have a good cash flow inorder to be able to sustain the investment since they are venturing into gambling with bitcoin which doesn't require long term goals

Having a source of income is not even a guarantee that one can start accumulating bitcoin because your income should be able to sort out your daily expenses and family needs them if there is any disposable income that is ones discretion,this is what should be invest in bitcoin in other to have a smooth and successful investment .

One thing is having a smooth and successful bitcoin investment (which is sort of a medium to long term perspective of a variety of acts), and another thing is to get started investing into bitcoin which only takes one act to figure out if the person investing has discretionary income (which is extra money from their income after accounting for their expenses).  If a person has discretionary income, then he can get started, whether it is $10 to $100 or even determining each week if they have $10 to $100 extra that they can put into bitcoin.

So getting started investing into bitcoin is one thing, and maintaining the bitcoin investment is another thing that also likely requires cashflow management and ongoing determinations that discretionary money is available an perhaps even back up funds are getting built and/or maintained along side of the building and maintaining of the bitcoin investment.

Surely, if someone starts investing into bitcoin, yet they are not sure about their future income and/or expenses, then they may well have to make efforts to try to increase their income and/or to decrease their expenses, yet some expenses are necessary in order to increase income and sometimes there are challenges in regards to either increase income in the short term or even to spend money on gaining skills or education, which may well contribute towards being able to get higher paying jobs in the future.  

[Issa56]

It is practically impossible for anyone to start any form of investment be it bitcoin investment or any form of investment without a source of income.infact not just source of income the person should have a good cash flow inorder to be able to sustain the investment since they are venturing into gambling with bitcoin which doesn't require long term goals

How are you going to even buy bitcoin when you don’t have a source of income, where will the money which you will be using to buy the bitcoin come from? I don’t even think that’s possible, and Incase maybe you are gifted a money, and you decide to invest it in bitcoin, if you are in need of money, you are still going to sell back the bitcoin, so it’s just better you don’t even invest the money at all.

If you are planning to invest in bitcoin, then make sure you have a source of income, you have a emergency funds, so that whenever their is any problem, then you will be using the emergency funds to take care of it, you won’t be touching your bitcoin investment, but if you don’t have any emergency funds, whenever their is problem, you will end up selling back your bitcoin, which might even be at loss.

[Umulala-alala]

Apparently it seems that you don't comprehend the indepth of my post or maybe you are among those that encourages the mindset of saying that until I have a strong source of income I will not invest in Bitcoin when all we needed to figure out is only if we have a discretionary income to invest, my assertion was that even those with an irregular income flow can invest in to Bitcoin right away with the DCA strategy rather than waiting for a dip that may or may not happen provided that there is an availability of a discretionary income at some point in their life, for those with an irregular income source at any point they discover that they don't have a discretionary income to invest they can pause their investment and continue whenever they have. Secondly, It is old fashioned to save money before buying Bitcoin perhaps you are not buying a whole bitcon but a fraction with the dca strategy.

I guess you can't understand what is written, or you are in the mode of responding without reading carefully. I suggest you reread the first message you responded to. People can't invest without a source of income. Unless you have found a way to create money out of thin air, your suggestion is invalid. How do you think a person with no income can buy Bitcoin? Saving money means putting money aside for investment, there is no timeline stated here. You can buy Bitcoin as soon as you have money to spare. The fact that you have to explain something so simple gives the impression that you are a person who can't understand what you read but only writes to give the answer you have in mind.

It is practically impossible for anyone to start any form of investment be it bitcoin investment or any form of investment without a source of income.infact not just source of income the person should have a good cash flow inorder to be able to sustain the investment since they are venturing into gambling with bitcoin which doesn't require long term goals

Having a source of income is not even a guarantee that one can start accumulating bitcoin because your income should be able to sort out your daily expenses and family needs them if there is any disposable income that is ones discretion,this is what should be invest in bitcoin in other to have a smooth and successful investment .

It is still possible to invest in bitcoin without have a good cash flow as you mentioned, it's mandatory you should have good cash flow before making purchase this question is did you have discretionary income? If you do then you can start buying bitcoin, since you are buying a whole bitcoin at ones with the dca strategy you can gradually be buying bitcoin the little you can either every weeks or months then you can start building your finance gradually if you wish to have a good cash flow along your buying period with out waiting to be financially stable before you can get started.

[Brainnybtc]

How are you going to even buy bitcoin when you don’t have a source of income, where will the money which you will be using to buy the bitcoin come from? I don’t even think that’s possible, and Incase maybe you are gifted a money, and you decide to invest it in bitcoin, if you are in need of money, you are still going to sell back the bitcoin, so it’s just better you don’t even invest the money at all.

If you are planning to invest in bitcoin, then make sure you have a source of income, you have a emergency funds, so that whenever their is any problem, then you will be using the emergency funds to take care of it, you won’t be touching your bitcoin investment, but if you don’t have any emergency funds, whenever their is problem, you will end up selling back your bitcoin, which might even be at loss.

Truly anyone that don't have a source of income doesn't have a business investing in Bitcoin because for the investment to be sustained and not tempered with, having a source is very much fundamental to that, their is no two ways about it.
Such person just need to look for a job first, so that he can take care of his or her basic needs, before thinking of investing in Bitcoin.

[Ojinga]

How are you going to even buy bitcoin when you don’t have a source of income, where will the money which you will be using to buy the bitcoin come from? I don’t even think that’s possible, and Incase maybe you are gifted a money, and you decide to invest it in bitcoin, if you are in need of money, you are still going to sell back the bitcoin, so it’s just better you don’t even invest the money at all.

If you are planning to invest in bitcoin, then make sure you have a source of income, you have a emergency funds, so that whenever their is any problem, then you will be using the emergency funds to take care of it, you won’t be touching your bitcoin investment, but if you don’t have any emergency funds, whenever their is problem, you will end up selling back your bitcoin, which might even be at loss.

Truly anyone that don't have a source of income doesn't have a business investing in Bitcoin because for the investment to be sustained and not tempered with, having a source is very much fundamental to that, their is no two ways about it.
Such person just need to look for a job first, so that he can take care of his or her basic needs, before thinking of investing in Bitcoin.

Well said and I agree with you guys but please try saying these things more kindly as we never can know who’s seeing as reading these post but regardless, for one to be successful in bitcoin, there ought to be some sort of income(money flow) excel such a person might just be beating around the bush.
While also trying to get a means of income, also seize the opportunity to get yourself very much acquainted with bitcoin and cryptocurrency in general as there are several opportunities it could offer and even possibly create a job for you where you can earn and also invest in it.

One secret is that, the moment you start earning and start investing, also do so with funds left over after spending and doing all your necessities, by so doing, you’ll hardly get any intentions of touching your portfolio and most times, it’s always very difficult to keep to principles that has to do with money especially when we have some challenges and have the consciousness that there’s money somewhere.

I would rather see bitcoin investment as a retirement benefit and a way of securing the future for ourselves and things like this should be crucial to us.

[Churchillvv]

How are you going to even buy bitcoin when you don’t have a source of income, where will the money which you will be using to buy the bitcoin come from? I don’t even think that’s possible, and Incase maybe you are gifted a money, and you decide to invest it in bitcoin, if you are in need of money, you are still going to sell back the bitcoin, so it’s just better you don’t even invest the money at all.

If you are planning to invest in bitcoin, then make sure you have a source of income, you have a emergency funds, so that whenever their is any problem, then you will be using the emergency funds to take care of it, you won’t be touching your bitcoin investment, but if you don’t have any emergency funds, whenever their is problem, you will end up selling back your bitcoin, which might even be at loss.

Truly anyone that don't have a source of income doesn't have a business investing in Bitcoin because for the investment to be sustained and not tempered with, having a source is very much fundamental to that, their is no two ways about it.
Such person just need to look for a job first, so that he can take care of his or her basic needs, before thinking of investing in Bitcoin.

You might be right but let's take a turn on rational thinking! what if the person or individual has an inheritance? does this also apply to them? some people may not be have a job but invest in bitcoin through their inheritance hence do not need to work to cope with their financial and bitcoin life, one could heritage bitcoin as well hence without a source o income yet still in bitcoin investment journey.

However of course anyone that wants an investment needs to have something that brings in some kind of amount, daily, weekly, monthly etc to get involved in any kind of investment not just bitcoin.

We however prioritize accumulation hence this will require a consistent and continues purchase of bitcoin hence the need for more income increases.

[Tamaperdana]

How are you going to even buy bitcoin when you don’t have a source of income, where will the money which you will be using to buy the bitcoin come from? I don’t even think that’s possible, and Incase maybe you are gifted a money, and you decide to invest it in bitcoin, if you are in need of money, you are still going to sell back the bitcoin, so it’s just better you don’t even invest the money at all.

If you are planning to invest in bitcoin, then make sure you have a source of income, you have a emergency funds, so that whenever their is any problem, then you will be using the emergency funds to take care of it, you won’t be touching your bitcoin investment, but if you don’t have any emergency funds, whenever their is problem, you will end up selling back your bitcoin, which might even be at loss.

Truly anyone that don't have a source of income doesn't have a business investing in Bitcoin because for the investment to be sustained and not tempered with, having a source is very much fundamental to that, their is no two ways about it.
Such person just need to look for a job first, so that he can take care of his or her basic needs, before thinking of investing in Bitcoin.

Yes you are right, if for example you do not have any income at all the first thing you should think about is not investing, but finding a job first so that you have income. Because if you do not have income how will you have discretionary funds. Even if you do not have a job how will you buy necessities for your life. That is why if you want to invest in bitcoin, but do not have a job, the solution is definitely to find a job first so that you have income. Because basically investing in bitcoin requires discretionary funds, whether it is large or small. Because if you force yourself to invest in bitcoin like using borrowed money, I think that is a bad idea. So my advice is to hone your skills first, then after that apply for a job and if accepted then you can think about investing in bitcoin after all your needs are met.

[Barikui1]

How are you going to even buy bitcoin when you don’t have a source of income, where will the money which you will be using to buy the bitcoin come from? I don’t even think that’s possible, and Incase maybe you are gifted a money, and you decide to invest it in bitcoin, if you are in need of money, you are still going to sell back the bitcoin, so it’s just better you don’t even invest the money at all.

If you are planning to invest in bitcoin, then make sure you have a source of income, you have a emergency funds, so that whenever their is any problem, then you will be using the emergency funds to take care of it, you won’t be touching your bitcoin investment, but if you don’t have any emergency funds, whenever their is problem, you will end up selling back your bitcoin, which might even be at loss.

Truly anyone that don't have a source of income doesn't have a business investing in Bitcoin because for the investment to be sustained and not tempered with, having a source is very much fundamental to that, their is no two ways about it.
Such person just need to look for a job first, so that he can take care of his or her basic needs, before thinking of investing in Bitcoin.

Because if you force yourself to invest in bitcoin like using borrowed money, I think that is a bad idea. So my advice is to hone your skills first, then after that apply for a job and if accepted then you can think about investing in bitcoin after all your needs are met.

Financially wise borrowing money to start up investment in Bitcoin when you have no other source of income is just too unwise because Bitcoin is not an investment that gives you weekly or monthly income that you are going to uses in paying back the loan or used in servicing the loan, and even if you do have a source of income, if you are borrowing money with the intention of paying it back from your Bitcoin holdings, it's not good because Bitcoin investment is something that will only get matured in years to come not weekly, monthly or even a year time.
So in essence of what am trying to say is that not having a source of income is one thing that really needs to be fixed first before thinking of investing in Bitcoin, and entertaining the idea of borrowing money to invest in it is a massive no to me because paying back when you have no other source of income is just impossible.

[Kelward]

How are you going to even buy bitcoin when you don’t have a source of income, where will the money which you will be using to buy the bitcoin come from? I don’t even think that’s possible, and Incase maybe you are gifted a money, and you decide to invest it in bitcoin, if you are in need of money, you are still going to sell back the bitcoin, so it’s just better you don’t even invest the money at all.

If you are planning to invest in bitcoin, then make sure you have a source of income, you have a emergency funds, so that whenever their is any problem, then you will be using the emergency funds to take care of it, you won’t be touching your bitcoin investment, but if you don’t have any emergency funds, whenever their is problem, you will end up selling back your bitcoin, which might even be at loss.

Truly anyone that don't have a source of income doesn't have a business investing in Bitcoin because for the investment to be sustained and not tempered with, having a source is very much fundamental to that, their is no two ways about it.
Such person just need to look for a job first, so that he can take care of his or her basic needs, before thinking of investing in Bitcoin.

Because if you force yourself to invest in bitcoin like using borrowed money, I think that is a bad idea. So my advice is to hone your skills first, then after that apply for a job and if accepted then you can think about investing in bitcoin after all your needs are met.

Financially wise borrowing money to start up investment in Bitcoin when you have no other source of income is just too unwise because Bitcoin is not an investment that gives you weekly or monthly income that you are going to uses in paying back the loan or used in servicing the loan, and even if you do have a source of income, if you are borrowing money with the intention of paying it back from your Bitcoin holdings, it's not good because Bitcoin investment is something that will only get matured in years to come not weekly, monthly or even a year time.
So in essence of what am trying to say is that not having a source of income is one thing that really needs to be fixed first before thinking of investing in Bitcoin, and entertaining the idea of borrowing money to invest in it is a massive no to me because paying back when you have no other source of income is just impossible.

Can't help but agree with your collective ideology about who to start Bitcoin investment, the importance cannot be overemphasized, if you don't have a steady source of income your should reconsider DCA method. Beyond just having a source of income, the money has to first cater for your basic needs before you can do Bitcoin investment. It won't make any sense to enter when you can barely survive with your meagre income, try and increase it to cover your basic expenses and you're ready for the journey. That is why it's not good to jump into what you know nothing about because you see others are making profit from it, you don't know why they're succeeding.

Many people don't know the importance of making research before engaging their money in Bitcoin investment. They'll want to invest their small funds and anticipating to make huge profits from it but they don't know that Bitcoin is not a Ponzi scheme. To be profitable you need to stash for a long term and you'd be getting multipliers of ROI.

[Wind_FURY]

For our fellow plebs who have not accumulated fully yet, hopefully they get a deeper correction because it would be good for them. More units of Bitcoin will be purchased for the same amount of fiat.

But for my own selfish reasons - Yes, I don't want a deeper correction.

In summary, sure it is possible that BTC prices might dip more from here, yet they might not... so any low coiners or no coiners should be focusing on buying bitcoin persistently, consistently, regularly, ongoingly and perhaps even aggressively, whether or not there might be further dips from here (currently in the last 4-5 hours bouncing in the lower $106ks).

During the current state of the market, I believe they may not have a choice. Although I would suggest they accumulate conservatively. It isn't the early 2023 phase of the market anymore. Plus personally, I will never do what I did during 2021 again when I suggested to friends and family that they invest aggressively with a large portion of their savings.

NEVER NEVER NEVER AGAIN.

 

Seems like you are suggesting a super risky decision for your friends before and its not really advisable to do so especially if they really don't have knowledge on how deal with Bitcoin.

I was simply too bullish, and I truly thought Bitcoin would never crash down below $50,000 again during 2021.

 

It was a VERY MASSIVE MISTAKE to have that sort of hubris, and that overconfidence.

NEVER AGAIN. Although I truly hope we would never see Bitcoin crash below $100,000 again.

There's a chance that they might easily got affected on a series of volatile movement that's why I will not also suggest to anyone to invest large portion of their savings especially if this is their first attempt investing on Bitcoin. Maybe they should start slow since somehow they are learning and they could just add the size once they already get lots of knowledge about what they are doing and also aware about what risk they might face since with this I guess they are ready for whatever upgrade they want to happen on their Bitcoin investment.

What's important is they start even in slow phase since everything would provably follow especially if they became a experience investor later on.

I don't know what they should do, nor do I care. Haha. But personally, if I was starting today, I would rather wait than FOMO.

[Ruttoshi]

How are you going to even buy bitcoin when you don’t have a source of income, where will the money which you will be using to buy the bitcoin come from? I don’t even think that’s possible, and Incase maybe you are gifted a money, and you decide to invest it in bitcoin, if you are in need of money, you are still going to sell back the bitcoin, so it’s just better you don’t even invest the money at all.

If you are planning to invest in bitcoin, then make sure you have a source of income, you have a emergency funds, so that whenever their is any problem, then you will be using the emergency funds to take care of it, you won’t be touching your bitcoin investment, but if you don’t have any emergency funds, whenever their is problem, you will end up selling back your bitcoin, which might even be at loss.

Truly anyone that don't have a source of income doesn't have a business investing in Bitcoin because for the investment to be sustained and not tempered with, having a source is very much fundamental to that, their is no two ways about it.
Such person just need to look for a job first, so that he can take care of his or her basic needs, before thinking of investing in Bitcoin.

Because if you force yourself to invest in bitcoin like using borrowed money, I think that is a bad idea. So my advice is to hone your skills first, then after that apply for a job and if accepted then you can think about investing in bitcoin after all your needs are met.

Financially wise borrowing money to start up investment in Bitcoin when you have no other source of income is just too unwise because Bitcoin is not an investment that gives you weekly or monthly income that you are going to uses in paying back the loan or used in servicing the loan, and even if you do have a source of income, if you are borrowing money with the intention of paying it back from your Bitcoin holdings, it's not good because Bitcoin investment is something that will only get matured in years to come not weekly, monthly or even a year time.
So in essence of what am trying to say is that not having a source of income is one thing that really needs to be fixed first before thinking of investing in Bitcoin, and entertaining the idea of borrowing money to invest in it is a massive no to me because paying back when you have no other source of income is just impossible.

Can't help but agree with your collective ideology about who to start Bitcoin investment, the importance cannot be overemphasized, if you don't have a steady source of income your should reconsider DCA method. Beyond just having a source of income, the money has to first cater for your basic needs before you can do Bitcoin investment. It won't make any sense to enter when you can barely survive with your meagre income, try and increase it to cover your basic expenses and you're ready for the journey. That is why it's not good to jump into what you know nothing about because you see others are making profit from it, you don't know why they're succeeding.

You don't just need a source of income that can only cover for your basic needs or monthly expenses, rather you need an income with a discretionary income. It's your discretionary income that you are to use in investing in bitcoin so that you can use that amount of money to continue buying bitcoin for 4-10 years and above and holdi overtime without selling before time.

If you don't use your discretionary income to invest but use the money for an important thing or money for your basic needs to invest in bitcoin, you will sell at loss when your need arises if bitcoin is below your entry point. Any investor without a discretionary income shouldn't invest in bitcoin because if you do, it means that you are gambling. Trim down or expenses or look for an additional means of income where you can use that as your discretionary income for your bitcoin investment.