JJG’s Outline of Bitcoin Investment Ideas

[BluebloodCXVI]

Yeah, I get what you mean buddy @cyberninja2, and you’re not far off at all. You see bitcoin really just isn’t the kind of thing that rewards impatience, and the reason why is because it moves in waves you know, like big runs, big drops and that alone can mess with people who expect it to always be steady.
Now most people don’t actually struggle in their investment just because Bitcoin doesn’t work or something, but because the ups and downs has quickly gotten to them and now they get in with high expectations, then panic when things dip and end up reacting at the worst time. Perhaps what tends to work better is keeping it simple and consistent instead of overthinking every move or trying to time everything perfectly, that way, you’re not constantly stressed by every price swing all the time.

This volatility of Bitcoin is the main attraction of Bitcoin. But the problem is, someone can use this volatility positively and profit from Bitcoin, and someone can use this volatility negatively and lose from Bitcoin and start spreading Bitcoin propaganda. Depending on how someone is using it, volatility brings positive and negative results.

Although Bitcoin is volatile, long-term investment can give you the maximum benefit from Bitcoin. In this case, you have to use the market volatility correctly to increase and decrease the purchase level so that you can buy more Bitcoin at a lower price. However, you have to learn to be consistent in the market.
But some people, when the price of Bitcoin starts increasing, buy Bitcoin with the aim of making quick profits from Bitcoin due to the media hype and due to ignorance, panic and face losses during the decline. This is essentially a negative use of Bitcoin's volatility, which also has negative consequences. Depending on the use, market volatility can take both positive and negative forms.

Perhaps you’re right about what you have said in your write up, allow me to add that i don’t think the volatility of bitcoin is really a problem here, the problem is how most investors perceive the volatility of bitcoin and how they choose to use it to their own advantage or disadvantage.
For the long term investors, this volatility we’re talking about can actually create opportunities for investors at various points in their investment journey, for example, when prices fall, it can allow investors to be able to accumulate more bitcoin at a lower price and you won’t have to feel like every drop is a disaster, likewise if the price goes up, you just know that the value of the bitcoin you already own will go up and that’s a good thing.
Bottom line is that volatility goes both ways, if you’re patient and disciplined then there’s a high chance that it will reward you well but if you use emotions to make decisions and you have a short term mindset, then there’s also a high chance that you’ll get punished.

[Princess Leah]

It can be difficult for new investors to understand the difference between a stable source of income and a unstable source of income, which can lead to confusion when it comes to investing in Bitcoin.

We know the roles of stable source of income and how important it is as Bitcoiners but as a beginner or every other investor, we should not get ourselves confused for no reason, if we have as source of income wether stable or unstable as far as it is a source of income or even any source we can figure out our discreationary income from, we are good to go, come to think of it, I do not think that it is difficult for a newbie to differentiate between those income phases that you mentioned, being a newbie does not make an investor a dummy although there are things a newbie should not stress about from the beginning, if a newbie has a source and can identify his discreationary income, such newbie should has nothing to wait for than to start because there is no where it was written that newbies should has a constant income flow before the can start acumulating Bitcoin, there is what we call commitment, once they start, they can actually go for improved income that can increase their discreationary to help them in being consistent in their Bitcoin acumulation.

Maybe he's speaking for himself, like having difficulties to differentiate between stable income and the other but I think it shouldn't be difficult to understand that starting an investment can be generated from either, I know that some people find it tough to catch up on certain things but it's just common sense to understand that starting doesn't require that an investor must have a stable income.

 It's important for consistency but not really necessary for starting. Many newbies always make that mistake of thinking they need to be financially stable to own Bitcoin but it's a very wrong impression and reasons why many of them miss good entry point. Starting would even motivate an investor to seek means of being consistent with the investment.

[Charcol]

It can be difficult for new investors to understand the difference between a stable source of income and a unstable source of income, which can lead to confusion when it comes to investing in Bitcoin.

I never wanted to meddle in your conversation but what caught my attention was this your statement above, which I think is wrong, because I believe that it's not an excuse. Not knowing what is a stable income or an unstable income is purely lack of common sense, it has nothing associated with Bitcoin investment.

It's not mandatory that you must have a stable income before you can invest in Bitcoin and be successful, what is more important is a discretionary income, because once you can figure it out, you can start right away, so it's not wise to be using an unstable source of income as an excuse not to invest in Bitcoin when you should.

Why even worry about whether your source of income is stable or not with bitcoin investment when you know you are able to generate discretionary income regardless, sure getting your finance in order and stabilizing things will be to your advantage as a person but when it comes to your bitcoin investment none of that truly matters, the important thing where your investment is concerned is your discretionary income, as long as you have that you can invest in bitcoin without any hitches, it's only when you aren't generating any discretionary income that your investment can't move forward, the absence of your discretionary income should be the reason why you can't continue your investment.

When starting Bitcoin investment, it is not necessary for someone to have stable sources of income before starting Bitcoin investment. What truly matters is discretionary funds. But let it be known that without continuous earnings, it will be hard for someone to keep getting discretionary funds. So, let it also be known that stable sources of income are very important in Bitcoin investment.Some people end up selling their Bitcoin investment at the wrong time, not because of anything else, but because they do not have stable sources of income. Once money no longer flows into their hands, they will definitely end up selling their Bitcoin when they need money to solve problems. In fact, they will no longer be progressing in their portfolio because they will not have enough money to continue accumulating gain.

I agree with you that a stable income is not mandatory to start Bitcoin. The main thing is whether the investor has discretionary income excluding expenses.

But it is not entirely true that some people sell their investments due to lack of stable income. Some people's income may be monthly, some may have weekly income, and some may have irregular income, these incomes never force them to sell their investments. How the income comes is not important, but whether discretionary income can be created from that income excluding expenses is the important thing. If a person with irregular income can create discretionary income excluding his expenses and can make a proper financial management plan, then his investments will never have to be forced to sell.

Another thing is that if the income stops, people will definitely sell their investments, it is not right to say for sure. Yes, if the income stops and there is no emergency fund, the risk of forced selling increases a lot. That is why an investor is advised to create an emergency fund along with investments. So that even if his income stops, he does not have to be forced to sell his investments.

[Father111]

When how to make use of your income is figured out, then you will know how to manage your funds in such a way that you won't have a problem knowing the amount to allocate to the investment, all this needs to be figured out, but for anyone who wants to make use of the DCA, they should know that they need to follow the steps. Just that one of the most important things before anything else is the income, followed by knowledge if the person is a newbie, and I don't see how you want to invest without having the basic knowledge. We know money is also important, but you have to start with the basics. When the plan for income allocation is already in place, then that way, even the investor will enjoy using DCA.

Accumulation of bitcoin is not that deep. It has been discussed here and not like a rocket science or some calculus problems. it’s just for you to have a regular cash flow, identify your Discretionary income, have your emergency  funds  set aside and start your accumulation with  either  the DCA strategy  or the lump sum  it all depends  on your  financial state.
I don't know what basic knowledge  one need to know before investing, Bitcoin investment is one of this easy  going investment out there so long as you're doing it the right way.
 

I also think that accumulation Bitcoin is not a difficult thing if you have any amount of discretionary income every week. But being consistent is important because if your fund are small, you have to focus on being consistent. It will not be as easy to carry Bitcoin as you think if you do not have a regular source of income or multiple sources of income. A person does not understand the torment of poverty until he reaches that stage. If you are financially well-off, you will not be able to understand how difficult it is for the poor to meet their basic needs.

To be honest, saving Bitcoin is difficult but it is complicated for those who have the mental preparation to trade and the mindset of getting rich in a short time. Those who suffer in investing are those who do not have a risk-tolerant fund system and panic when the price drops.

If you invest with all your money with a plan for quick profit, you will not only be under stress but also there will be ups and downs in the market and if you do not have the financial clarity to withstand that situation, it will become difficult for you to sustain your holdings in the long run. So, you start small rather than making big opportunities. On the other hand, rather than spending time in the market for the right time, build your income source in a strong way from which you can invest the remaining money by spending the money you need in your normal life. As a result of gradually moving forward in the market through knowledge and experience, you will gain confidence in the future and clarity will be created. You will understand the market better, which will help you to be patient and steady in the long run. Along with this, you will see your holdings grow in size over time.

Having the mindsets of rushing into Bitcoin investments for the purpose of making a quick profit, is a bad idea all together, that is why as an investors you don't need be earning on steady income before you can invest in Bitcoin, perhaps, any investors that specialize on short term investment is really wasting money all in the name of not being patient to wait for longer term, the best options to always go with your Bitcoin investments is to have your discretionary with you  and then proceed immediately with DCA method or any other methods that will be situable for you hold in a long term.

[B-BossMan]

[edited out]

Good habits towards money is portable, the amounts of money is not really the main key point, if peole learn how to budget properly, and investe consistently with just $10 per week, those habits usually remains, even when thier incomes increases later to like $100/ week the only difference is that the numbers or amounts become bigger while the discipline and system stay the same. Sadly  many peole actually increase their spending after getting raises in financially instead of increasing thier savings and bitcoin investment. In facts learning discipline with small amounts of money can often be more valuable because every purchase matters more. For instance, When discretionary income is up to like $20 weakly that friction truly is useful because it builds awareness, the patience and financial responsibility. It also keeps people actively involved in managing money instead of just be observing from the sidelines.

Moreover, if people can consistently allocate even a small amount of money into Bitcoin for long-term growth, then they have already solved the hardest part challenges, which is building the habit itself. Once income eventually grows, that same habit can turn into meaningful wealth over time without good habits, higher income sometimes only leads to higher spending and little financial progress, so interesting gradually is a good step.

I tend to like to proclaim situations of starting out investing into  bitcoin between $10 and $100 per week, even though surely there can be some folks who would struggle to even be able to put together $10 per week, and they might feel that it is more reachable for them to invest $10 per month, which surely would take a real long time to add up to meaningful money, even for poor people.

Another thing that just buying bitcoin at $10 at a time may well limit your abilities to practically do it, even though a lot of banks and exchanges will accept deposits at that low without fees, and even once a trading account is set, there may well be no penalty for smaller transactions as long as they meet their smallest threshold, which could be $5 per transaction, yet there is going to be variance on the exchanges.

Another thing is the impractically of moving those small amounts to private wallets, which may well be one of the reasons why Ashawowo(OS) had recommended allowing the bitcoin amount grow into the neighborhood of $300 to $500 before transferring to a private wallet - and surely that seems like a better practice since the exchange fees and even various online chain fees could become impractical when dealing with smaller amounts, whether we are referring to present fees (which onchain fees are fairly practical and low right now) or maybe we are referring to future fees, which there can be some uncertainties in regards to how future onchain fees might unexpectedly change from time to time.

So getting back to the purchases of small amounts such as $10 at a time, there may be some logistical reasons that guys might end up letting their cash build up to higher amounts before they make their BTC purchases with those kinds of small amounts, whether they are trying to make the purchases weekly or otherwise, and for many reasons related to proactivity and even the psychological feeling of getting the advantages of various price dips, I tend to recommend that guys try to structure ways that they are actively buying bitcoin every week if possible, yet surely I would understand that they might consider weekly buys to be impractical if they are struggling to even get the amounts to sizes as low as $10 or even slightly more and they might have preferences to make sure that they have higher amounts before they make their transfer or their purchases or however they are doing it depending on their local options that they know about.

You are right to some extent, buying between $10-$100 per week is completely or practically a starting range, depending on the person's discretionary income or financial situations. The main point of suggesting something like $10 per week is not really about the exact number itself, but because it's is small enough for some people to manage consistently while still being meaningful enough to build clear investments habit over time.
Of course, for some people even $10 weekly may be difficult and in that situations, $10  monthly  is still far better than doing nothing at all, yes the truth is, it may take many years to accumulate a massive amount at that particular pace, but the most important things is that the person is participating already. However, your points on or about the fees is true, in many places exchanges allow small purchases without major problems, buy moving a very smaller amount frequently into private wallet can become inefficient because of withdrawing fees or others. That's why it's better to have a good balance approache, it always make sense, like buying $10 weekly on an exchange to maintain consistency and take advantage of DCA, then wait until the balance grows a huge amount like $200 or $400 before transferring to a private wallet in just one transaction, although some peole actually prefer to be  saving cash for several week first, then make one massive bitcoin purchase. That may actually reduces the transaction fees, though it may help in some countries where fees I higher, but it can actually weaken the habit of regular accumulation and may also make someone to miss opportunities during market dips. Moreover consistent matters much  than perfection, small and steady accumulation usually works better than endlessly for the amount to start.

[Big Dirams]

It is better to take advantage of the current time and opportunity because the price of Bitcoin is cheaper now than in the future because many people in the past did not give importance to Bitcoin and many just waited, many of them are regretting it now, it is effective to start saving small amounts of Bitcoin according to your ability to invest in Bitcoin because in the future when the price of Bitcoin goes from the current to a high level, you will be far away from those people who can only regret because they did not start earlier, but gradually increase the savings from a limited income, because over time you will gain skills on the one hand, on the other hand, the income base will be stronger and then you will be able to increase the amount of Bitcoin collected and so move forward from within your ability without waiting for the perfect time.

Bitcoin is a volatile pair so that makes it so difficult to predict the movement so you can just assume that the price of bitcoin will be cheaper than the coming years or future. Bitcoin being a volatile currency gives more assurance that the price is unpredictable so even in the coming years we can’t assume the market price.

However, buying as soon as possible is a smart idea most importantly when we are going in with DCA strategy. There isn’t a perfect timing when it comes to bitcoin investment, invest as soon as you can and approaching bitcoin investments for long term growth the best approach is absolutely DCA. The moment our discretionary income are set then we can easily start gradually with DCA without no fear at all.

[Creeper0]

I agree with you that a stable income is not mandatory to start Bitcoin. The main thing is whether the investor has discretionary income excluding expenses.

But it is not entirely true that some people sell their investments due to lack of stable income. Some people's income may be monthly, some may have weekly income, and some may have irregular income, these incomes never force them to sell their investments. How the income comes is not important, but whether discretionary income can be created from that income excluding expenses is the important thing. If a person with irregular income can create discretionary income excluding his expenses and can make a proper financial management plan, then his investments will never have to be forced to sell.

We see people of various professions, some have stable income and some have unstable income. Despite this stability and instability, people choose their source of income freely. If the unstable source of income was not profitable, then perhaps no one would be involved in this source of income. But the thing to worry about is that most of the people in the world are involved in unstable sources of income, very few people are involved in stable sources of income.

There are a contractor, a farmer, a businessman and some other professions which are unstable. But since their income is relatively high, this instability does not have a major negative impact. However, their financial management is relatively complex. If you can be skilled in this financial management, then you may be able to provide a lot of prudent money. An unstable source of income is not a barrier to starting an investment or providing prudent money, perhaps he is inefficient in this financial management or he cannot take sufficient advantage of this source of income. Investment requires prudent money for continuous DCA, which is also capable of providing an irregular source of income. Do not make the mistake of thinking that just because it is a stable source of income, it is ideal for prudent money allocation or investment.

[SPIDERMAN008]

It can be difficult for new investors to understand the difference between a stable source of income and a unstable source of income, which can lead to confusion when it comes to investing in Bitcoin.

I never wanted to meddle in your conversation but what caught my attention was this your statement above, which I think is wrong, because I believe that it's not an excuse. Not knowing what is a stable income or an unstable income is purely lack of common sense, it has nothing associated with Bitcoin investment.

It's not mandatory that you must have a stable income before you can invest in Bitcoin and be successful, what is more important is a discretionary income, because once you can figure it out, you can start right away, so it's not wise to be using an unstable source of income as an excuse not to invest in Bitcoin when you should.

Why even worry about whether your source of income is stable or not with bitcoin investment when you know you are able to generate discretionary income regardless, sure getting your finance in order and stabilizing things will be to your advantage as a person but when it comes to your bitcoin investment none of that truly matters, the important thing where your investment is concerned is your discretionary income, as long as you have that you can invest in bitcoin without any hitches, it's only when you aren't generating any discretionary income that your investment can't move forward, the absence of your discretionary income should be the reason why you can't continue your investment.

If someone's income is irregular, but still has extra money left after spending, then it is possible to invest with that. And that money will remain as discretionary income and if the income is not stable, many people think that DCA cannot be done easily. But I don't think that if you work on a contract or do any other type of work where the payment does not maintain a fixed time schedule, then it is possible to buy Bitcoin regularly weekly by keeping the DCA amount fixed.

Because the person who will invest has enough idea about his own income. He can keep aside the estimated amount of expenses he may have until his next income comes and do DCA equally with the remaining extra money. If follow this, it will be possible to do DCA in the same amount even though his income is irregular and unstable.

[Yablee0]

Because if you don't invest with the right funds whether you are holding for long term or not, you will be cut short of your investment definitely.

I agree with you bro, if an investor fails to invest from his discretionary funds it's not that save for him since the discretionary funds is a left over funds after all expenses have already been taking care of, and investing outside of it can trigger panic and make any investor to sell all his investment holdings when serious problem surface.  And another thing is that for someone to invest from his discretionary funds, the person has automatically taking a bold step in his investment race and also he has set up a solid foundation that will get him covered throughout his investment journey.

[Joy- maker]

Having the mindsets of rushing into Bitcoin investments for the purpose of making a quick profit, is a bad idea all together, that is why as an investors you don't need be earning on steady income before you can invest in Bitcoin, perhaps, any investors that specialize on short term investment is really wasting money all in the name of not being patient to wait for longer term, the best options to always go with your Bitcoin investments is to have your discretionary with you  and then proceed immediately with DCA method or any other methods that will be situable for you hold in a long term.

Bitcoin is not a get rich quick investment and it can never be even in the nearest future. Those who are rushing to invest in bitcoin for quick profit are just deceiving themselves. A person who truly want to invest in bitcoin he or she should invest for long term not short term.
Secondly, a person doesn't need a steady source of income before he or she can start investing in Bitcoin what is more important is having a discretionary income, money you can afford to invest in bitcoin without affecting your essential needs like food, rent, transport or bills.

[Abbatty]

Maybe he's speaking for himself, like having difficulties to differentiate between stable income and the other but I think it shouldn't be difficult to understand that starting an investment can be generated from either, I know that some people find it tough to catch up on certain things but it's just common sense to understand that starting doesn't require that an investor must have a stable income.

 It's important for consistency but not really necessary for starting. Many newbies always make that mistake of thinking they need to be financially stable to own Bitcoin but it's a very wrong impression and reasons why many of them miss good entry point. Starting would even motivate an investor to seek means of being consistent with the investment.

Well it not a must that you have to be financially stable to kick start your Bitcoin journey but then being financially stable gives your a stress free and a very smooth journey. We have see people who are being forced to to sell their investment, not because they want to but because they are hit with financial issues that requires immediate financial attention. A lot of people who who stated their journey with unstable finance sometimes struggle to even have emergency funds. Never delay your investment for anything once you have your discretionary income but being financially stable gives you a stress free journey.

[whiteblue]

We must be astute in seizing opportunities to change our future destiny, something that many people may have doubted, but it has become a reality today.

I've seen many people doubt Bitcoin in the past, saying anything to disparage it, but now they regret it and choose to follow its development.

Now, for those of us who understand Bitcoin, we must use it to invest wisely. Buy weekly and hold for retirement. While Bitcoin doesn't promise riches for its holders, it can actually change lives from poverty to riches, as we've seen early investors become millionaires.
Or at least, they're living better than before because they own a valuable asset, Bitcoin.

[Fara Chan]

We must be astute in seizing opportunities to change our future destiny, something that many people may have doubted, but it has become a reality today.

I've seen many people doubt Bitcoin in the past, saying anything to disparage it, but now they regret it and choose to follow its development.

Now, for those of us who understand Bitcoin, we must use it to invest wisely. Buy weekly and hold for retirement. While Bitcoin doesn't promise riches for its holders, it can actually change lives from poverty to riches, as we've seen early investors become millionaires.
Or at least, they're living better than before because they own a valuable asset, Bitcoin.

That's why many early investors are now grateful for their actions and belief in Bitcoin back when most others still doubted it and spoke negatively about it. However, I've also noticed that people who once hated Bitcoin have quieted down and are quietly starting to buy Bitcoin and hold it for the long term. This means that people who were once skeptical of Bitcoin are starting to realize that it can potentially offer greater returns to its holders, even though Bitcoin wasn't initially guaranteed.

Talking about the past is never-ending, as people clearly don't immediately believe something new when they first hear about it. But now, I'm starting to see interest in Bitcoin continue to grow, and the number of investors wanting to hold Bitcoin is also growing. This means that over time, more and more people are realizing the benefits of Bitcoin, and this will certainly create a positive catalyst for Bitcoin's future development.

[Emjay24]

For example if someone’s monthly expenses are actually $2,000 having a 3 months buffer of $6,000 is reasonable. But the rpbke is when the person keep saying I will start after $10,000and later changes to $15,000, then the backup funds has turn more excuses for starting a bitcoin investment delaying.

The person who seeks to start investing after putting in $10k backup funds has already delayed his investment unnecessarily to build up approximately 5X his monthly expenses. Mind you this stacking of cash would take more than a year if not two to arrive at this result. This to me is an unnecessary stockpile of cash and what is the importance of stacking up the backup funds if there is no portfolio for it to protect? The investor in this story has missed out on good buying opportunities during the time he was more focused on building backup fund. Good priority should be given to your bitcoin investment and not only building backup funds. Backup funds can be built alongside your investing into bitcoin. The cash he is stockpiling will still depreciate, so there is need that a good part of that cash is put into bitcoin to preserve its value and get further ahead in his investment journey.

This situation can still be remedied to some extent which is that he takes about 50% of his stacked cash(approximately $5000) and uses it to lump sum into bitcoin immediately to attempt making up for lost moments and follow up his buys with consistency.

[ruykeri]

We must be astute in seizing opportunities to change our future destiny, something that many people may have doubted, but it has become a reality today.

I've seen many people doubt Bitcoin in the past, saying anything to disparage it, but now they regret it and choose to follow its development.

Now, for those of us who understand Bitcoin, we must use it to invest wisely. Buy weekly and hold for retirement. While Bitcoin doesn't promise riches for its holders, it can actually change lives from poverty to riches, as we've seen early investors become millionaires.
Or at least, they're living better than before because they own a valuable asset, Bitcoin.

In fact, at the beginning of Bitcoin, they were not successful because of buying bitcoin at early stages . They actually hold Bitcoin patiently. That is the main point. Because many people bought Bitcoin at the beginning, some thought about holding it for a long time or thought that the price of Bitcoin would be so high in the future. It may still be possible to achieve success in future life through Bitcoin. Because Bitcoin will remain the same as it is now in the future. No one can imagine how much the price will increase in the future. So if someone has extra money and can invest in Bitcoin regularly, there is still a possibility of success in the long run. Many may think that it is too late to invest. But in fact, I think Bitcoin is still in the early stages. If you want to get out of the weak economic constraints of fiat currency in the future, you should hold Bitcoin.

[alankasman]

We must be astute in seizing opportunities to change our future destiny, something that many people may have doubted, but it has become a reality today.

I've seen many people doubt Bitcoin in the past, saying anything to disparage it, but now they regret it and choose to follow its development.

Now, for those of us who understand Bitcoin, we must use it to invest wisely. Buy weekly and hold for retirement. While Bitcoin doesn't promise riches for its holders, it can actually change lives from poverty to riches, as we've seen early investors become millionaires.
Or at least, they're living better than before because they own a valuable asset, Bitcoin.

This concept is only for those who think about their own personal goals for the future. Therefore when they see an opportunity they must naturally think about changing their future. We can't always be the same as we are now. At least with the opportunity our fate can change if we dare to seize it. Our goal is only our own while others are also thinking about their own fates. This signifies that foresight is essential for each of us to determine a more complete direction for our future as we are the ones who change it all.

This person lacks the ethics of judging someone's performance. When others invest and believe in Bitcoin they will experience quite good results as long as they remain confident and confident in Bitcoin. Ultimately they will experience happiness from the returns they have gained from investing and believing in Bitcoin. Many people generally doubt or underestimate Bitcoin and this person deeply regrets their uproar over Bitcoin's results.

This is very necessary for us to continue to do it with us using it with wise thinking because someone who does not understand Bitcoin is certainly difficult for us to explain it so for me at this time there is no need to approach people who do not understand Bitcoin because there is no benefit whatsoever if we approach unless they approach us so they approach us in discussing what it means to struggle wisely when we invest in Bitcoin because basically only certain people really invest wisely and it is rarely done by those who sometimes always misunderstand that investing has no end and that I often hear from several people but that right makes me more enthusiastic in investing with the reason that I hold is that there is no always on the wrong path as long as we are still confident in what we do whether it is in investing or others because currently the best asset is having Bitcoin assets one of my biggest dreams in collecting a large amount for my future.

[ZeroVinsonN]

It can be difficult for new investors to understand the difference between a stable source of income and a unstable source of income, which can lead to confusion when it comes to investing in Bitcoin.

I never wanted to meddle in your conversation but what caught my attention was this your statement above, which I think is wrong, because I believe that it's not an excuse. Not knowing what is a stable income or an unstable income is purely lack of common sense, it has nothing associated with Bitcoin investment.

It's not mandatory that you must have a stable income before you can invest in Bitcoin and be successful, what is more important is a discretionary income, because once you can figure it out, you can start right away, so it's not wise to be using an unstable source of income as an excuse not to invest in Bitcoin when you should.

Why even worry about whether your source of income is stable or not with bitcoin investment when you know you are able to generate discretionary income regardless, sure getting your finance in order and stabilizing things will be to your advantage as a person but when it comes to your bitcoin investment none of that truly matters, the important thing where your investment is concerned is your discretionary income, as long as you have that you can invest in bitcoin without any hitches, it's only when you aren't generating any discretionary income that your investment can't move forward, the absence of your discretionary income should be the reason why you can't continue your investment.

Agreed with that statement regarding on discretionary income is important on our Bitcoin investment. But also having stable income really matters because this will provably keep our discretionary income continuously flowing.

If it happens that your income is unstable, then it will be so hard for us to generate discretionary income in that situation, Then if that occurs that situation will lead us to pause our accumulate or even we decide to sell early. Discretionary income is really important on our investment, but we also need to make us became more consistent with our investment we also need to have stable income.

That is actually a misunderstanding, my income not being stable doesn't mean I'm not earning enough it means that my earning isn't fixed, most contractors have unstable income even business owners too and as far as I'm concerned they can still accumulate bitcoin because even though their income is unstable they can still generate discretionary income from it and that's what's important for accumulating bitcoin, as long as you can generate discretionary income you can invest in bitcoin.

[cyberninja2]

We must be astute in seizing opportunities to change our future destiny, something that many people may have doubted, but it has become a reality today.

I've seen many people doubt Bitcoin in the past, saying anything to disparage it, but now they regret it and choose to follow its development.

Now, for those of us who understand Bitcoin, we must use it to invest wisely. Buy weekly and hold for retirement. While Bitcoin doesn't promise riches for its holders, it can actually change lives from poverty to riches, as we've seen early investors become millionaires.
Or at least, they're living better than before because they own a valuable asset, Bitcoin.

We must take personal responsibility for contemplating our own future destiny. It is therefore entirely natural—starting right now—to engage in activities that yield tangible benefits for our future selves after all no one else can offer us greater assistance than we can provide for ourselves. Consequently the ability to recognize and seize opportunities is paramount in determining our personal trajectory ensuring that the future we face aligns with the actions we are taking today.

Regret invariably arrives at the end of the journey. Fundamentally Bitcoin was—at times—met with indifference by early adopters. Now as they witness others reaping the rewards of the success we enjoy today, they are left feeling as though they committed a grave error in judgment—specifically regarding their past skepticism, wherein they once seemed to despise Bitcoin and harbored absolutely no faith in it. Therefore what we must recognize today is that Bitcoin remains the most popular asset class. For those with income exceeding their immediate needs market downturns present an ideal opportunity to accumulate assets. Regardless of the specific amount the key is to engage in this accumulation process consistently and without imposing any time constraints.

The specific strategy—whether investing weekly or monthly—is entirely a matter of personal discretion. What matters is that we adopt an approach designed to minimize errors, thereby ultimately taking control of our own destiny. Whether or not we become wealthy is a secondary concern; our primary duty right now—provided we possess surplus income—is to accumulate assets. Even if this accumulation takes the form of holding Bitcoin, it poses no issue, provided we manage our holdings prudently. By doing so, we can ensure that we do not face poverty in our old age—a time when our health and physical strength may inevitably begin to wane.

[Chilwell]

It can be difficult for new investors to understand the difference between a stable source of income and a unstable source of income, which can lead to confusion when it comes to investing in Bitcoin.

I never wanted to meddle in your conversation but what caught my attention was this your statement above, which I think is wrong, because I believe that it's not an excuse. Not knowing what is a stable income or an unstable income is purely lack of common sense, it has nothing associated with Bitcoin investment.

It's not mandatory that you must have a stable income before you can invest in Bitcoin and be successful, what is more important is a discretionary income, because once you can figure it out, you can start right away, so it's not wise to be using an unstable source of income as an excuse not to invest in Bitcoin when you should.

Why even worry about whether your source of income is stable or not with bitcoin investment when you know you are able to generate discretionary income regardless, sure getting your finance in order and stabilizing things will be to your advantage as a person but when it comes to your bitcoin investment none of that truly matters, the important thing where your investment is concerned is your discretionary income, as long as you have that you can invest in bitcoin without any hitches, it's only when you aren't generating any discretionary income that your investment can't move forward, the absence of your discretionary income should be the reason why you can't continue your investment.

Agreed with that statement regarding on discretionary income is important on our Bitcoin investment. But also having stable income really matters because this will provably keep our discretionary income continuously flowing.

If it happens that your income is unstable, then it will be so hard for us to generate discretionary income in that situation, Then if that occurs that situation will lead us to pause our accumulate or even we decide to sell early. Discretionary income is really important on our investment, but we also need to make us became more consistent with our investment we also need to have stable income.

That is actually a misunderstanding, my income not being stable doesn't mean I'm not earning enough it means that my earning isn't fixed, most contractors have unstable income even business owners too and as far as I'm concerned they can still accumulate bitcoin because even though their income is unstable they can still generate discretionary income from it and that's what's important for accumulating bitcoin, as long as you can generate discretionary income you can invest in bitcoin.

Descriptionary income is so important in Bitcoin investment that is why they should be the first consideration when you have planning of investing in Bitcoin, if it is clear that you can generate it then you are good to go when it comes to bitcoin investment. Some people usually get it wrong by squeezing themselves to generate descriptionary income and that is why at the end they end up losing just because they did not calculate things well for themselves. They will have acquired Bitcoin but to hold it to the end or to the specific time they wanted it or the time they targeted that it will improve, it'll be very difficult for them since they did not use the right channel.

Bitcoin is never too late for investment and that is why everyone have to sat down and calculate things well before join the race, it is not a race of survivor but it is a race that will elevate your status that is why it requires serious attention before going into it. Even by using DCA strategies you still need a discretionary income to make things work for you perfectly to avoid any blockage at the end.

[Futurexxx]

That is actually a misunderstanding, my income not being stable doesn't mean I'm not earning enough it means that my earning isn't fixed, most contractors have unstable income even business owners too and as far as I'm concerned they can still accumulate bitcoin because even though their income is unstable they can still generate discretionary income from it and that's what's important for accumulating bitcoin, as long as you can generate discretionary income you can invest in bitcoin.

You are right bro, and to add to what you have already said, when most people hear of unstable income, they always think that the person is struggling financially, not knowing that it is called that way because their is no assurance of earning a particular amount at the end of the month by those sets of persons, that's why they are called unstable income earners, not that they can't make provisions for discretionary income.
Investment in Bitcoin is guaranteed once you can figure out your discretionary income, and unstable income earners can also figure out their discretionary income, so I don't see a reason why most people thinks that they cannot invest in Bitcoin and be successful at it, just because their income is unstable.