Beginners, you don't need Bitcoin first

[Humblevirus]

You have given great advice that, if any newbies follow, will be a great help to them in their Bitcoin investment. If we don't have enough money or have a place where we are earning money, often Bitcoin investment will be somehow boring to someone because they will never have peace of mind if the Bitcoin price direction changes to downward.
 
I believe if someone has a source of income before investing in Bitcoin, they can even hold on to their investment for long periods of time because they hardly be  panic much because they are not really rely on that.this what make me also think sometimes about how those who brought Bitcoin at early stage Bitcoin when the price was very cheap, and some of them never sold it up till now, if not because they have sources of income or other ways of getting money, assuming they only rely on their Bitcoin investment, they will have not have the opportunity to make huge  profits they making now. 

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[Bazzu]

It's hard to accept but it is the harsh reality. I have also met many people even I am included. Who tries to invest in BTC or Trade in BTC in the hope of making money out of it. The funny thing is we are using the money that's is all we have and starting with zero knowledge.

I mean, in this situation if the market will come down then obviously the trader/investor will panic trade. And will face loss too. So, to keep your mind relaxed and to avoid yourself from all the market sentiments, a source of income is necessary. It's not that compulsory but I would say it's the best practise to have a source of income before investing in BTC or any other currency.

yes, I agree with what you said, and it is true that work must be prioritized if we already have a job investing in btc will be calm, and I have also experienced investing in btc using money
which was not ready to disappear, and in the end it was panic that I got, When the market went down and finally I sold btc at a low price and I ended up losing.

It's true, don't invest in BTC first if we don't have money ready to lose to invest in BTC.

[Smeet]

You don't need Bitcoin first, What you need is a JOB, work on that first.

Beginners venturing into the world of cryptocurrency, particularly those considering investing in assets like Bitcoin, should make it a priority to secure a stable job and establish a reliable source of income before entering the cryptocurrency market. Several compelling reasons support this prudent approach.

Having a stable job and a regular income is crucial for achieving financial stability and security. Cryptocurrencies, Bitcoin in particular, are known for their price volatility, which means their value can experience substantial fluctuations in a short span. Without a dependable source of income, individuals may lack the financial resilience needed to weather the inherent risks and market turbulence associated with cryptocurrencies. It's paramount to ensure that basic financial needs are met before exploring riskier investments.

[Marvell1]

It is true that there is no guarantee that we will definitely not have to sell bitcoins because the future is unpredictable and life is always full of surprises. But you cannot deny that if we prepare everything well such as having a stable source of income, saving for emergencies... then your investing and holding will be easier and less stressful. Like many people started complaining that high inflation is making them struggle with their daily needs and they are thinking of having to sell their bitcoins because their family's day to day needs need to come first. But there are also many people with good income and large savings, they never thought about selling their bitcoins. Planning for life is very important.

A simple statement but very reasonable to digest, it is true that there is no guarantee for us to continue to maintain it and put aside the needs of our lives, no one can predict the future but here we can prepare everything to minimize the risks that will occur in the future for a very emergency. You may have enough income for now but it is not necessarily for some time to come, so it is a good choice if you look for other opportunities to increase your income, besides you invest in bitcoin but it would be better if you also look for other opportunities in real life. Inflation will continue to occur and as you and I have said above, you need to look for new breakthroughs to minimize or help you make ends meet in the midst of a significant increase in the cost of living.

if you have no other choice then of course you will sell the bitcoin that you have been maintaining, life is more important and it is indeed the best choice than you let your stomach starve.

But on the other hand you can also continue to live normally in the midst of inflation that occurs and you also absolutely do not lose bitcoin or do not have to sell bitcoin, and the way is to start from now on to find or form new opportunities to increase your income. So it will be very useful for your life in the future.

I think that even when inflation passes and life returns to normal, people should still continue to increase their income if given the opportunity. We should not only think about increasing our income when inflation occurs and not need it when inflation passes. Life will always have surprises and inflation will return in the future. So, to be able to live a comfortable life and not sacrifice any of your bitcoin investments, always work hard and try to increase your income regardless of the economy.

[Aanuoluwatofunmi]

You don't need Bitcoin first, What you need is a JOB, work on that first.

Isn't bitcoin itself another job to do entirely, because it gets you busy and also make you rich, have a source of income and renders other investment opportunities for you, bitcoin can offer you what some other jobs can't offer, if there's chance for you to invest in bitcoin, it's then an opportunity for you to take action on as fast as possible, but what you will have to do is in having the better understanding of what is required before making that investment first.