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Author Topic: JJG’s Outline of Bitcoin Investment Ideas  (Read 77496 times)
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Today at 09:13:27 AM
 #7281

Yet, ultimately, each guy chooses how whimpy or aggressive that he wants to be in regards to how much he invests, and also he chooses how whimpy or aggressive that he wants to be in terms of learning about bitcoin and/or cashflow management.

Many of us would presume that investing into bitcoin should incentivize guys to want to learn about bitcoin and about cashflow management, yet each person has their personality and they make choices about how much to prioritize bitcoin investing as compared with other things going on in their lives.  We cannot tell people what they should do, since it is up to them, even if we might realize that bitcoin is amongst the best, (if not the best place?) to put our time, energy and value, other folks might not come to those same conclusions  in regards to how to spend their time, energies and value.

I really agree that each person has their own personality so if the choice they make is a matter of course this is the step or decision they make.
Because currently, many parties sometimes present those who want to start with only the profit as an idea, even though it's true, the risk is more appropriate to use as an illustration for them, so that ultimately they themselves decide whether to continue investing or not.

In making their decisions, they are still very confused. If they want safe cash flow management, the only way they should do is buy Bitcoin for investment. If someone asks me where they should invest their money, my advice is always to buy Bitcoin as savings for their future by owning assets in the form of Bitcoin. But behind all that, all decisions, as we discussed earlier, are ultimately theirs. No matter what discussion we have in this forum, if their decisions aren't focused on investment, it's the same. Currently, the only viable investment for accumulating or saving money is investing in Bitcoin.

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Today at 09:14:56 AM
Last edit: Today at 12:38:04 PM by obuoma
 #7282

Exactly and I believe one does not have to be earning in millions before they can be able to invest in bitcoin but I will not be able to blame anyone who doesn't invest especially if such user is from my country because in my country as we speak people are just looking for ways to survive through this economy but in all, the DCA method makes room for everyone who truly wants to invest in bitcoin.
I understand thst people from low icome country like yours which is also mine tend to think that Bitcoin is not for them but that is not true. In that same country, there are people that are able to spare theast amount of money to get started with the purpose of changing their financial situation in the future. Even though the economy is not robust,  excuses is not going to change it but taking action will go a long way in helping. Those who are not financially stable out to see the opportunity in Bitcoin and leverage on the power of little beginning to work themselves out of poverty.

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Today at 09:15:55 AM
Merited by JayJuanGee (1)
 #7283

Reasonable income meaning something big but this is not correct because having a reasonable doesn't determine one can invest in bitcoin. No matter the income one is earning it can still be invested in Bitcoin.  You only need the amount you can afford to lose to invest in Bitcoin and not a reasonable amount.  If you say a reasonable amount is meeded to invest in Bitcoin, this can mislead low earners from investing in bitcoin. So far as one is able to generate discretionary income from their income it is possible to invest Bitcoin. Bitcoin investment is not meant for only those who earn big but also for low earners to use the DCA strategy to accumulate bitcoin.
Yes, I agree with your statement. It is not the case that a person can invest in Bitcoin only if he has a reasonable or high income. The most important thing in investing in Bitcoin is to invest according to his financial capacity. That is, a part of the money that is left after meeting daily needs, urgent expenses and other financial obligations can be used for investment.
A person can have a low income, a middle income or a high income. Regardless of the amount of income, if he has some discretionary income, then he can start collecting Bitcoin through the DCA strategy. But this does not mean that one has to risk his financial security to invest.
In my opinion, having a high income does not make a person a good investor. Because even if someone has a high income, if his money management is not correct, then he can invest more than his capacity. On the other hand, if a person with a low income can develop the habit of regular savings and proper money management, then he can also collect Bitcoin gradually.
I also think that it is a misconception to limit the DCA strategy to only low-income people. It is essentially a disciplined approach to investing that can be used by people of different income levels according to their ability. Just as a high-income person can do DCA with a large sum of money, a low-income person can also follow the same strategy with a small sum of money.
Therefore, understanding your financial situation, proper money management, and consistency are more important than the amount of income when investing in Bitcoin.
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Today at 10:19:30 AM
 #7284


Bitcoin investment certainly requires a reasonable income, but even then it is very reasonable for us to add some additional strategies such as building an emergency fund. We should definitely consider this situation. To be successful in Bitcoin investment, we must be patient, but a new investor can invest in Bitcoin freely.
If he can invest in Bitcoin using his income in a new situation, then this will be the best for him, patience is definitely the most important thing for Bitcoin investment.


Since everything in the world is relative, the expression "a reasonable investment amount" might mean $500 to one person and $50 to another. This is confusing. Just as many things in the world are individual, so too is the investment amount, because each investor is surrounded by hundreds of personal factors, and an outside observer cannot take them all into account. Yes, to some extent, investing is a test of patience and discipline, and not everyone can pass it.
But it is clearly not just for the rich. I am sure that even among beginning investors, there are those who have such strong self-discipline and the ability to calculate capital for calm investing that many wealthy and experienced investors would envy them.
The truth is that patience isn’t going to do you a whole lots of good if you don’t latar apply good financial management practices to help accumulate more bitcoin, I think it doesn’t really matter how much you’re investing as a beginner, assuming I’m investing $50 and someone else is investing $500 on a weekly basis the difference is the amount of discretionary income that we have available, so a reasonable amount can actually mean what we can afford on the long run, how we can stay consistent, so we don’t overly invest and jeopardize our bitcoin portfolio, investing outside our discretionary income can be dangerous, as an investor you can’t invest $200 because you feel your friend is investing $200 on a weekly basis, when you don’t have that amount of discretionary income to invest like your friend, investing $50 can be a reasonable amount for you because that is what you have to invest, bitcoin investment is good when you invest within your means, but that still doesn’t stop you from increasing your cashflow along the line, so you can still have more discretionary income and you increase your amount of investment, which is why the opportunity is there for the rich and poor to invest in bitcoin, when you can invest little by little as much as you can possibly afford.

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Today at 11:52:26 AM
 #7285

Bitcoin investment certainly requires a reasonable income,
Reasonable income you say? I hope you are not trying to discourage people with less or low income rate, leaving them with the impression that they aren't welcomed to invest in Bitcoin. As much as i understand the system too well, bitcoin investment has made it very easier for people with low income rate to take advantage of the system using the DCAing method. Moreover, it's not compulsory that we must be very rich or well to do before investing in Bitcoin, the most important thing first is to figure out our discretionary funds from our little earnings and you will be fine in your investment. However, how small or moderate you start doesn't matter or determine your end, what counts is how much you can be able to sustain and stay consistent in your investment time. I beleive this is what matters most and you wouldn't even remember how small you started with the kind of better future you stand to secure as the days pass by.

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Today at 11:57:19 AM
 #7286


Bitcoin investment certainly requires a reasonable income, but even then it is very reasonable for us to add some additional strategies such as building an emergency fund. We should definitely consider this situation. To be successful in Bitcoin investment, we must be patient, but a new investor can invest in Bitcoin freely.
If he can invest in Bitcoin using his income in a new situation, then this will be the best for him, patience is definitely the most important thing for Bitcoin investment.

Bitcoin investment certainly doesn’t need a reasonable amount of income before you can get started with investing in bitcoin, as you’re not investing from your income, rather you’re investing from your discretionary income leftover money, however I don’t really know how much income you classify as reasonable, you don’t need to have all the money in the world before you can start buying and investing in bitcoin, as small as your discretionary income you can buy from the DCA, the most important thing is that you’ve a discretionary income to invest in bitcoin, considering that you’ don’t have a huge amount of discretionary income you can stick with buying through the DCA and then try increasing your cashflow as you keep investing, to also enable you to increase your amount of accumulation, but as a beginner you have a discretionary income you can buy small small and staying consistent.
A stable and high income is very important for long-term investment. If your income is not high, it will be difficult to separate your discretionary income from that income and when you cannot separate discretionary income for your investment, then naturally you will not be able to invest. I think that along with investment, we should pay maximum attention to how to earn more money. The more money we can earn, the safer our investment will be and it will be easier for us to continue that investment in a long-term plan.

Now those whose income is relatively low but they are able to separate discretionary income from that relatively low income to invest, but even if the amount of that discretionary income is low, they can start that investment because it is not like that, it will actually take a very large amount to start investing and no amount of investment is small.

However, if the investor earns more money, it is always positive for him, so he should try to earn more money.

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Today at 01:06:08 PM
Merited by JayJuanGee (1)
 #7287

Exactly and I believe one does not have to be earning in millions before they can be able to invest in bitcoin but I will not be able to blame anyone who doesn't invest especially if such user is from my country because in my country as we speak people are just looking for ways to survive through this economy but in all, the DCA method makes room for everyone who truly wants to invest in bitcoin.
I understand thst people from low icome country like yours which is also mine tend to think that Bitcoin is not for them but that is not true. In that same country, there are people that are able to spare theast amount of money to get started with the purpose of changing their financial situation in the future. Even though the economy is not robust,  excuses is not going to change it but taking action will go a long way in helping. Those who are not financially stable out to see the opportunity in Bitcoin and leverage on the power of little beginning to work themselves out of poverty.

In my country's context I can say that there are some people who are poor but they are also accumulation Bitcoin. It is true that they lack some knowledge in long term but they are able to realize that Bitcoin will give them huge returns in the future. What is surprising is that these poor investors have a long term strategy. They have not built an emergency fund but are accumulation Bitcoin based on discretionary income. Although it is risky for them because they do not discuss in forums like ours, they are just investing in Bitcoin using their own methods. I do not know if the number of poor investors is so high in other countries but some investors in my country are using their morale and making a single effort to reach a good position financially and are holding Bitcoin by fighting against financial adversities.

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Today at 01:33:05 PM
Merited by JayJuanGee (1)
 #7288

What is surprising is that these poor investors have a long term strategy. They have not built an emergency fund but are accumulation Bitcoin based on discretionary income. Although it is risky for them because they do not discuss in forums like ours, they are just investing in Bitcoin using their own methods
So what are you insinuating that brand new investors can go ahead and build their bitcoin investment without an emergency funds, that wouldn't do them any good but make them sell untimely when it's not of their will the moment they are hit with real life emergency.  I might say that those poor people in your country investing into bitcoin without building an emergency funds are just lucky that they haven't been hit with real life emergency but how long will they be lucky.

They will still regret their actions when they're hit with real life emergency and no emergency funds to solve the problem. That's when they'll understand that they're doing the wrong thing when they use their bitcoin investment to serve as an emergency funds. They will sell it to solve the problem and the worse is that if bitcoin price is below their entry.

I have invested in bitcoin in the past without any emergency funds when I was a newbie, I know the challenges I faced. I sold my bitcoin when I need funds to tackle a problem and it wasn't funny because it was a setback for me. This is why it's good to make preparation for real life emergency even though, it will play out or not because you don't know when it will come.

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Today at 01:54:00 PM
 #7289

Exactly and I believe one does not have to be earning in millions before they can be able to invest in bitcoin but I will not be able to blame anyone who doesn't invest especially if such user is from my country because in my country as we speak people are just looking for ways to survive through this economy but in all, the DCA method makes room for everyone who truly wants to invest in bitcoin.
I'm interested in the bolded text, I'm glad you understand that one can actually invest with their discreationary income through the DCA method, what does that mean, I know what people of your country is facing right away, I'm a citizen of your country too I know that it is not easy the way things are going but people that are interested in investing in Bitcoin are investing what they can afford, in the midst of hardship, people plan too, personally I will say Bitcoin investment is not that difficult if one understands what to do and how to do it, maybe there won't be any need to go further on this since you understand the function of DCA in carrying every interested investor along.

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Today at 02:31:11 PM
 #7290

Exactly and I believe one does not have to be earning in millions before they can be able to invest in bitcoin but I will not be able to blame anyone who doesn't invest especially if such user is from my country because in my country as we speak people are just looking for ways to survive through this economy but in all, the DCA method makes room for everyone who truly wants to invest in bitcoin.
I understand thst people from low icome country like yours which is also mine tend to think that Bitcoin is not for them but that is not true. In that same country, there are people that are able to spare theast amount of money to get started with the purpose of changing their financial situation in the future. Even though the economy is not robust,  excuses is not going to change it but taking action will go a long way in helping. Those who are not financially stable out to see the opportunity in Bitcoin and leverage on the power of little beginning to work themselves out of poverty.

In my country's context I can say that there are some people who are poor but they are also accumulation Bitcoin. It is true that they lack some knowledge in long term but they are able to realize that Bitcoin will give them huge returns in the future. What is surprising is that these poor investors have a long term strategy. They have not built an emergency fund but are accumulation Bitcoin based on discretionary income. Although it is risky for them because they do not discuss in forums like ours, they are just investing in Bitcoin using their own methods. I do not know if the number of poor investors is so high in other countries but some investors in my country are using their morale and making a single effort to reach a good position financially and are holding Bitcoin by fighting against financial adversities.
I support the determination and effort of these people. Those who manage to accumulate Bitcoin regularly despite having limited income deserve recognition. You do not need a large amount of money to start building a Bitcoin position. Setting aside small amounts consistently over time can make a meaningful difference.

However I would disagree with the last point. It is understandable to believe that Bitcoin could generate substantial returns in the future, but there is no guarantee that this will happen. Having a positive outlook on Bitcoin's long term potential is one thing assuming that future profits are guaranteed is another.

I would also be concerned about the fact that they have no emergency savings. This could put someone with a limited income in a difficult financial position. If an unexpected expense arises, they may have no choice but to sell their Bitcoin, possibly during an unfavorable market condition. That said I do not think it is necessary to build a fully funded emergency reserve before buying any Bitcoin. As long as someone has genuine surplus income after covering essential expenses they can start accumulating small amounts while gradually building their emergency savings according to their financial situation.

The important thing is not to invest beyond their means or put money needed for essential expenses at risk in the hope of making substantial profits. Having a limited income does not mean someone cannot build a Bitcoin position. In the long run, consistency, patience financial discipline and a realistic plan matter far more than the size of the initial investment.
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Today at 03:11:24 PM
Merited by JayJuanGee (1)
 #7291

Exactly and I believe one does not have to be earning in millions before they can be able to invest in bitcoin but I will not be able to blame anyone who doesn't invest especially if such user is from my country because in my country as we speak people are just looking for ways to survive through this economy but in all, the DCA method makes room for everyone who truly wants to invest in bitcoin.
I'm interested in the bolded text, I'm glad you understand that one can actually invest with their discreationary income through the DCA method, what does that mean, I know what people of your country is facing right away, I'm a citizen of your country too I know that it is not easy the way things are going but people that are interested in investing in Bitcoin are investing what they can afford, in the midst of hardship, people plan too, personally I will say Bitcoin investment is not that difficult if one understands what to do and how to do it, maybe there won't be any need to go further on this since you understand the function of DCA in carrying every interested investor along.
Investment should be made considering financial capacity and situation. There is no obligation to invest a large amount of money just because you are interested. You can start with a small amount considering your income, responsibilities and financial capacity. In this case the DCA method is an effective strategy for investors. While planning for the future we cannot ignore our responsibilities of the present. Invest from the money that is left over after setting aside daily expenses and emergency funds. If the capacity is $ 10 per month. Then you can start with $ 10. If the capacity is more, you can invest accordingly. Here, consistency and financial capacity are more important than the amount. DCA is not a guaranteed profit method. And it cannot eliminate market risks. Therefore instead of buying blindly, you should make a decision by considering the fundamentals of Bitcoin and your own financial situation. So that even if the market is unfavorable for a long time, your normal lifestyle and financial stability are not destroyed. It is natural that we will plan for the future even if the situation is difficult. However that plan needs to be realistic. To hold on to it in the long term, it is not enough to have faith. You also need to have a strong financial foundation.

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Today at 03:30:04 PM
Merited by JayJuanGee (1)
 #7292


In my country's context I can say that there are some people who are poor but they are also accumulation Bitcoin. It is true that they lack some knowledge in long term but they are able to realize that Bitcoin will give them huge returns in the future. What is surprising is that these poor investors have a long term strategy. They have not built an emergency fund but are accumulation Bitcoin based on discretionary income.

People should stop investing blindly or do things without common sense. An investment without back up funds will definitely fall, because back up funds are safety nets that protects the investment from been used to settle financial emergency demands that may arise while investing. Thus, we can't underplay and/or undermine the importance of emergency funds. Anyone just investing and buying Bitcoin regularly without building back up funds is equal to a gambler who could lose his assets at anytime.

So, the best encouragement should be that investors should begin building there back up funds immediately as soon as they start buying Bitcoin. These two goes together to ensure a substanable investment journey.
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Today at 04:25:19 PM
Merited by JayJuanGee (1)
 #7293

A stable and high income is very important for long-term investment. If your income is not high, it will be difficult to separate your discretionary income from that income and when you cannot separate discretionary income for your investment, then naturally you will not be able to invest. I think that along with investment, we should pay maximum attention to how to earn more money. The more money we can earn, the safer our investment will be and it will be easier for us to continue that investment in a long-term plan.

Now those whose income is relatively low but they are able to separate discretionary income from that relatively low income to invest, but even if the amount of that discretionary income is low, they can start that investment because it is not like that, it will actually take a very large amount to start investing and no amount of investment is small.

However, if the investor earns more money, it is always positive for him, so he should try to earn more money.
You @Patrol69 seem to be having a problem understanding that we don’t need a stable or high income to invest in bitcoin but rather what we need is just a discretionary income to use and invest in bitcoin. It doesn’t matter if your income is high or not, as I’ve seen people with very high income still finding it difficult to figure out a discretionary income and invest In bitcoin because they lack good money management ability, while I’ve also seen people with little income still being able to figure out a discretionary income even though it’s not on a steady basis, but once in a while they do figure out a discretionary income to use and invest in bitcoin and that’s as a result of them having good money management abilities.

With the DCA method, even if your income is not stable you can still be able to invest in bitcoin either weekly or monthly basis, or based on how your income flows. While having a high income is good but it’s not a pre-requisite to starting bitcoin investment, and is not even a guarantee that since you have a high income you won’t find it difficult investing in bitcoin because that’s not what is needed to invest, what is important is just a discretionary income to start bitcoin investment.

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Today at 05:47:26 PM
Merited by JayJuanGee (1), Floxynice (1)
 #7294

You @Patrol69 seem to be having a problem understanding that we don’t need a stable or high income to invest in bitcoin but rather what we need is just a discretionary income to use and invest in bitcoin. It doesn’t matter if your income is high or not, as I’ve seen people with very high income still finding it difficult to figure out a discretionary income and invest In bitcoin because they lack good money management ability, while I’ve also seen people with little income still being able to figure out a discretionary income even though it’s not on a steady basis, but once in a while they do figure out a discretionary income to use and invest in bitcoin and that’s as a result of them having good money management abilities.

With the DCA method, even if your income is not stable you can still be able to invest in bitcoin either weekly or monthly basis, or based on how your income flows. While having a high income is good but it’s not a pre-requisite to starting bitcoin investment, and is not even a guarantee that since you have a high income you won’t find it difficult investing in bitcoin because that’s not what is needed to invest, what is important is just a discretionary income to start bitcoin investment.

Maybe ge forget that a strategy called the DCA exists which gives low income earner the opportunity to investing as little as possible but consistently. Who says a low income earner can't figure out discretionary funds from their income, with good financial management, it’s possible for anyone to generate discretionary fund so being a low income earner is not an excuse.
 Although some dudes might find it tough to manage their income so they'll be able to invest but they could either cut cost or look for more sources to income ro generate more discretionary funds while they invest with the one available.

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Today at 06:09:57 PM
 #7295

Bitcoin investment can be started with little income and the investor can build from that. We don't have to make it too scary to start investing in Bitcoin when the DCA strategy is there to help even low income earner to be able to start with the least amount they can comfortably invest in Bitcoin after sorting out their basic needs. We don't also have to make it look like only the rich can invest in Bitcoin,
This misconception about who can invest in Bitcoin investment and who can't is causing a lot of damage to be very honest. The poor have every right and the opportunity to invest just as the rich does. Nobody should put that fear and make it look as if the rich have every advantage than the poor as this can discourage a lot that have plan of venturing in the system. However, the DCA method isn't just there as a picture, but to serve what it's meant to do. Let's no scare people with clear intentions of investing in Bitcoin, I know Bitcoin is quite expensive and well valuable but the DCA has always got us covered.

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Today at 06:13:09 PM
 #7296

Many of us would presume that investing into bitcoin should incentivize guys to want to learn about bitcoin and about cashflow management, yet each person has their personality and they make choices about how much to prioritize bitcoin investing as compared with other things going on in their lives.  We cannot tell people what they should do, since it is up to them, even if we might realize that bitcoin is amongst the best, (if not the best place?) to put our time, energy and value, other folks might not come to those same conclusions  in regards to how to spend their time, energies and value.
Yes, I need to correct myself here. I think I was a little too strict about human freedom, after your comment I thought deeply about the matter and realized that I need to correct myself here.

People have freedom in terms of acquiring knowledge and in terms of investing, every person has the freedom to decide how much knowledge to acquire and how much to invest. We should make sure that we are acquiring the necessary knowledge and are not neglecting acquiring the necessary knowledge. Perhaps instead of using the word "deep knowledge", the word "necessary knowledge" should have been used. We definitely need knowledge to acquire skills in investing and to handle the situation, we cannot neglect acquiring knowledge in any way.











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Today at 06:20:51 PM
Merited by JayJuanGee (1)
 #7297

Bitcoin investment can be started with little income and the investor can build from that. We don't have to make it too scary to start investing in Bitcoin when the DCA strategy is there to help even low income earner to be able to start with the least amount they can comfortably invest in Bitcoin after sorting out their basic needs. We don't also have to make it look like only the rich can invest in Bitcoin,
This misconception about who can invest in Bitcoin investment and who can't is causing a lot of damage to be very honest. The poor have every right and the opportunity to invest just as the rich does. Nobody should put that fear and make it look as if the rich have every advantage than the poor as this can discourage a lot that have plan of venturing in the system. However, the DCA method isn't just there as a picture, but to serve what it's meant to do. Let's no scare people with clear intentions of investing in Bitcoin, I know Bitcoin is quite expensive and well valuable but the DCA has always got us covered.
I believe who ever have a discretionary income can invest in Bitcoin, you don’t have to be rich or have a big discretionary income, there is a reason why DCA is there, the purpose of DCA is that anyone can buy Bitcoin affordably, you need is having a discretionary income then you’re good to go, if you can’t buy on a weekly then you can be buying on monthly basis, just when you have that discretionary income available to yourself for buying and holding Bitcoin, the most important is that you have started buying and investing in Bitcoin it doesn’t matter what part of the divide you find yourself.
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Today at 06:27:12 PM
 #7298

This misconception about who can invest in Bitcoin investment and who can't is causing a lot of damage to be very honest. The poor have every right and the opportunity to invest just as the rich does. Nobody should put that fear and make it look as if the rich have every advantage than the poor as this can discourage a lot that have plan of venturing in the system. However, the DCA method isn't just there as a picture, but to serve what it's meant to do. Let's no scare people with clear intentions of investing in Bitcoin, I know Bitcoin is quite expensive and well valuable but the DCA has always got us covered.

Bitcoin investment is very much open to anyone who is able to figure out a discrestionary income whether poor or rich and guess what it is not even all rich people that do invest in Bitcoin and I guess the reason is choice and Interested. Some people don't have interest that is why they are not investing while some people are just looking for the basic knowledge so they can start.

One thing about me is that, if I am determined to do something after already knowing what could be the  output or result, mere words cannot stop me from doing... human being is a creature of habit and once that is built nothing will stop you. However, I am just trying to let people know that it is not all what people says should be taken to heart because you can have a set back from it therefore, go for what you believe you can do regardless.











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Today at 06:31:36 PM
 #7299


Bitcoin investment certainly requires a reasonable income, but even then it is very reasonable for us to add some additional strategies such as building an emergency fund. We should definitely consider this situation. To be successful in Bitcoin investment, we must be patient, but a new investor can invest in Bitcoin freely.
If he can invest in Bitcoin using his income in a new situation, then this will be the best for him, patience is definitely the most important thing for Bitcoin investment.

Bitcoin investment certainly doesn’t need a reasonable amount of income before you can get started with investing in bitcoin, as you’re not investing from your income, rather you’re investing from your discretionary income leftover money, however I don’t really know how much income you classify as reasonable, you don’t need to have all the money in the world before you can start buying and investing in bitcoin, as small as your discretionary income you can buy from the DCA, the most important thing is that you’ve a discretionary income to invest in bitcoin, considering that you’ don’t have a huge amount of discretionary income you can stick with buying through the DCA and then try increasing your cashflow as you keep investing, to also enable you to increase your amount of accumulation, but as a beginner you have a discretionary income you can buy small small and staying consistent.
A stable and high income is very important for long-term investment. If your income is not high, it will be difficult to separate your discretionary income from that income and when you cannot separate discretionary income for your investment, then naturally you will not be able to invest. I think that along with investment, we should pay maximum attention to how to earn more money. The more money we can earn, the safer our investment will be and it will be easier for us to continue that investment in a long-term plan.

Now those whose income is relatively low but they are able to separate discretionary income from that relatively low income to invest, but even if the amount of that discretionary income is low, they can start that investment because it is not like that, it will actually take a very large amount to start investing and no amount of investment is small.

However, if the investor earns more money, it is always positive for him, so he should try to earn more money.
you must not have high income before you can invest in bitcoin and not having a stable source of income should not stop you from investing in bitcoin provided you have figured out your discretionary income. Not having a high income can't stop from being able to figure out your discretionary income. The first thing is to attend to your basic needs, then whatever you have left after this is your discretionary income and it doesn't matter how huge your source of income maybe. Your needs should always come first and whatever left over cash you have is your discretionary income.
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Today at 06:34:36 PM
 #7300

Bitcoin investment certainly requires a reasonable income, but even then it is very reasonable for us to add some additional strategies such as building an emergency fund. We should definitely consider this situation. To be successful in Bitcoin investment, we must be patient, but a new investor can invest in Bitcoin freely.
If he can invest in Bitcoin using his income in a new situation, then this will be the best for him, patience is definitely the most important thing for Bitcoin investment.
Bitcoin investment can be started with little income and the investor can build from that. We don't have to make it too scary to start investing in Bitcoin when the DCA strategy is there to help even low income earner to be able to start with the least amount they can comfortably invest in Bitcoin after sorting out their basic needs. We don't also have to make it look like only the rich can invest in Bitcoin, because that is not true, Bitcoin is for everyone that is able to have some discretionary income which is what is needed to be able to safely start a Bitcoin portfolio.


Bitcoin is for everyone as long as you have what it takes to invest comfortably without affecting your basic needs. Rich people investing in bitcoin doesn’t mean you with little income will not afford to invest. Even with your little income, you can invest and build your holding gradually, not until you have millions before you can invest.

However, you need to understand your financial condition and know how much you can afford to invest whether weekly or monthly. Bitcoin is a long term investment and nobody should put themselves under unnecessary pressure to invest like others who are more financially stable than them. Bitcoin is an opportunity for everyone to invest for the long term, but we should know how much we can afford to invest without putting ourselves in any financial problems.

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