Buy Buy Buy or Sell Sell Sell?

[Futurexxx]

. What I need to convey is that having an alternative source of income can provide consistency in our Bitcoin accumulation. If we rely solely on one source of income it will certainly make it difficult for us to invest as we are always busy managing our income with one source of income. In this case having an additional source of income can greatly assist our investment accumulation. This can reduce our burden in accumulating Bitcoin to build our future assets by having two sources of income. This requires a step-by-step approach as we discussed because what we do with our investments can be protected after we accumulate consistently.

I can't deny that having an additional source of discretionary income can really be helpful in maintaining consistency in your Bitcoin accumulation journey, but their are some folks that have only a source of discretionary income but are doing more better than those that have two or three because it's very large, and they are more better in money management. So what am trying to say is that what is more important is having a good money management skills, because even if you a lot or you have several sources of discretionary income, you wouldn't be able to invest efficiently or effectively if your money management skills is poor.

[Fakhrulenclix]

. What I need to convey is that having an alternative source of income can provide consistency in our Bitcoin accumulation. If we rely solely on one source of income it will certainly make it difficult for us to invest as we are always busy managing our income with one source of income. In this case having an additional source of income can greatly assist our investment accumulation. This can reduce our burden in accumulating Bitcoin to build our future assets by having two sources of income. This requires a step-by-step approach as we discussed because what we do with our investments can be protected after we accumulate consistently.

I can't deny that having an additional source of discretionary income can really be helpful in maintaining consistency in your Bitcoin accumulation journey, but their are some folks that have only a source of discretionary income but are doing more better than those that have two or three because it's very large, and they are more better in money management. So what am trying to say is that what is more important is having a good money management skills, because even if you a lot or you have several sources of discretionary income, you wouldn't be able to invest efficiently or effectively if your money management skills is poor.

It all comes back to oneself, but the point is that Bitcoin investment will run smoothly if we invest using discretionary income, and I am sure that it will not be disrupted by anything. As for financial management, it basically comes back to oneself, and someone who has decided to invest is already ready for everything. I believe one thing, that everything can be made easier if we have a strong desire, so in my opinion, there is no reason not to invest even if we do not have additional income.

[Grease5000]

. What I need to convey is that having an alternative source of income can provide consistency in our Bitcoin accumulation. If we rely solely on one source of income it will certainly make it difficult for us to invest as we are always busy managing our income with one source of income. In this case having an additional source of income can greatly assist our investment accumulation. This can reduce our burden in accumulating Bitcoin to build our future assets by having two sources of income. This requires a step-by-step approach as we discussed because what we do with our investments can be protected after we accumulate consistently.

I can't deny that having an additional source of discretionary income can really be helpful in maintaining consistency in your Bitcoin accumulation journey, but their are some folks that have only a source of discretionary income but are doing more better than those that have two or three because it's very large, and they are more better in money management. So what am trying to say is that what is more important is having a good money management skills, because even if you a lot or you have several sources of discretionary income, you wouldn't be able to invest efficiently or effectively if your money management skills is poor.

I get your point, but even with one source of income, he can still start small using the DCA method. For me, I started with just one income stream. As long as one can separate a little discretionary money, he can start buyy bit by bit. It might not be much, but consistency is what matters.

Having extra income is good,  it can helps him increase the amount. But it’s not a reason to delay. He can start small now and grow into it.

[Grease5000]

Income plays a very important role in Bitcoin investment, but we shouldn't make it seem as if it is all about income and that you must have a good income first before you can buy Bitcoin. The most important thing to know is that irrespective of the income you make, you can still afford to buy Bitcoin.

If you think income is all you need and that the little income you have is too small for you to afford Bitcoin, there is a possibility that even if you increase your income, you may still not be able to afford to buy Bitcoin. This is because as your income increases, your demands also increase, and you will realize that you still struggle to buy Bitcoin. This is why I think buying Bitcoin has to do with mentality, good management of income, and not just about having the income only.

A good income is compulsory, not necessarily for the purpose of buying Bitcoin for the first time, but for consistency, accumulation, and discipline. Anyone can buy Bitcoin for the first time, but when we talk about consistency, only someone with a good income stream can be consistent. A good income stream means a source of income that is steady to cover basic expenses and provide discretionary income altogether. Unsteady one, today there is discretionary income, and tomorrow there is no discretionary income. That is not a steady income, which is very important for an investor to have a good income before thinking of long-term investment, except that they want to be a trader, which is frowned upon in this discussion.

Very correct it's not necessary compulsory to start accumulating but important for consistency, some people make mistake about both concepts but don't know that they can start buying if they have a discretionary funds available then try to get a job on the long run so they'll be consistent with their accumulation. Another thing i want to note is that investor doesn't have to wait until their income is too much to generate bigger discretionary before they start buying, the person can start with what's available then increase it as time goes and more discretionary fund could be generated.

I agree your point, because waiting for the perfect time or a bigger income can actually slow him down. There is never a moment when everything feels completely comfortable financially.

For me the smart smart move is to start with what you have, no matter how small because Consistency beats size.  even little regular investments build discipline and compound over time.

[Chronic Gambler9]

. What I need to convey is that having an alternative source of income can provide consistency in our Bitcoin accumulation. If we rely solely on one source of income it will certainly make it difficult for us to invest as we are always busy managing our income with one source of income. In this case having an additional source of income can greatly assist our investment accumulation. This can reduce our burden in accumulating Bitcoin to build our future assets by having two sources of income. This requires a step-by-step approach as we discussed because what we do with our investments can be protected after we accumulate consistently.

I can't deny that having an additional source of discretionary income can really be helpful in maintaining consistency in your Bitcoin accumulation journey, but their are some folks that have only a source of discretionary income but are doing more better than those that have two or three because it's very large, and they are more better in money management. So what am trying to say is that what is more important is having a good money management skills, because even if you a lot or you have several sources of discretionary income, you wouldn't be able to invest efficiently or effectively if your money management skills is poor.

I get your point, but even with one source of income, he can still start small using the DCA method. For me, I started with just one income stream. As long as one can separate a little discretionary money, he can start buyy bit by bit. It might not be much, but consistency is what matters.

Having extra income is good,  it can helps him increase the amount. But it’s not a reason to delay. He can start small now and grow into it.

It doesn’t really matter how many sources of income you have so long after solving your needs you have discretionary income remain then you can surely start your bitcoin journey. Other newbies might mis interpret what you said and will be Waiting to have more than one source of income before starting their bitcoin journey, and we all know it never good to delay Bitcoin investment so long as you have discretionary income.

In a case where you have another source of income they you may decide to go into aggressive buying so long you have the financial capacity.

[Soldroplet]

This security and limited supply (Scarcity) is why big investors consider Bitcoin as safe as gold. And it is because of this trust that people have the courage to DCA Bitcoin year after year. There is nothing more reliable than Bitcoin for longterm survival.

Yes, DCA method is a great, and easy way to invest in Bitcoin. And DCA method is a good idea for everyone, including new investors. I especially support the idea of ​​looking at Bitcoin as a long-term saving/investment asset.

No other crypto project has come close to the way Bitcoin has proven itself so far. Hundreds of altcoins have come and gone, but Bitcoin has come back stronger every time it crashes and goes through tough times.

However, I disagree with you on the use of the term "any other crypto project" here. Because comparing Bitcoin to crypto is like living in a fool's land. You have compared Bitcoin to crypto or any other altcoin/shitcoin project here, newbies may get confused. Because Bitcoin is not a common project. When talking about Bitcoin investment, I think it is clearer and safer to talk directly about Bitcoin, DCA, cashflow and long-term accumulation without bringing the word "crypto". Because I don't want new investors to make the mistake of thinking of Bitcoin as "crypto", which are two completely different things.

[Crytohillss]

What I need to convey is that having an alternative source of income can provide consistency in our Bitcoin accumulation. If we rely solely on one source of income it will certainly make it difficult for us to invest as we are always busy managing our income with one source of income. In this case having an additional source of income can greatly assist our investment accumulation. This can reduce our burden in accumulating Bitcoin to build our future assets by having two sources of income. This requires a step-by-step approach as we discussed because what we do with our investments can be protected after we accumulate consistently.

It is not truly about how much income streams one have, but how well people manage what comes in. Anyone earning from just one strong source with discipline and proper planning can build wealth faster than anyone juggling multiple assets without control over spending consistency , smart budgeting and good habits will always prevail especially when accumulating Bitcoin.

[Gallar]

The main purpose of investing in Bitcoin is to make a profit.

Your statement will mislead some people here so you should be careful with your statements. May be you probably don't understand the true purpose of investment that's why. When your investment is centered on profits it shifts your mindset towards that of traders even when you claim to be investing for a long period of time. The main purpose of investing is not to make profit but to preserve and build a long time financial wealth in order to secure and achieve our future goals. Profit should never be the main purpose of investment, there's no guarantee of making profit so making it the main reason will only lead to making emotional decisions and risking too much.

Making profits is one of the benefits of investing but we shouldn't center our investment on profit making alone especially since it's not guaranteed.

You're right, my friend. Profit isn't the only benefit you can get from investing in Bitcoin. Besides profit, there's a more important aspect to investing in Bitcoin: protecting the value of your money from inflation. So, I think that's the most useful aspect of investing in Bitcoin. But I'm not a hypocrite, claiming I don't need profit. I do, in fact, need it when investing in Bitcoin. If Bitcoin's price plummeted due to an unforeseen event, that wouldn't be funny. If that happened, our money wouldn't be protected from inflation, as its value would also decline.

Therefore, I don't think it's wrong for someone to claim they invested in Bitcoin to make a profit. That's essentially one of the goals of investing in Bitcoin. Therefore, we need to be more tolerant of things like this. Because it's not just trading that generates profits; investments can too. Therefore, I believe Creeper0 assumption isn't entirely wrong. Fundamentally, we shouldn't only associate profits with trading. Investments also have the potential for profit.

[Promocodeudo]

It is not truly about how much income streams one have, but how well people manage what comes in. Anyone earning from just one strong source with discipline and proper planning can build wealth faster than anyone juggling multiple assets without control over spending consistency , smart budgeting and good habits will always prevail especially when accumulating Bitcoin.

Yea it is about having multiple source of income that guarantees us investment into Bitcoin but rather knowing or identifying the amount that should be invested in Bitcoin helps, financial management is very important as an investor, investment is about applying common sense but it is very difficult for some people, for me I will say that it doesn't take much from us to invest in Bitcoin, just a source that we can figure out our discretionary income from, then we can invest, although it doesn't stop at that point, because we have to maintain a good strategy in other be successful in our mission as Bitcoin investors.

[Bright0515]

. What I need to convey is that having an alternative source of income can provide consistency in our Bitcoin accumulation. If we rely solely on one source of income it will certainly make it difficult for us to invest as we are always busy managing our income with one source of income. In this case having an additional source of income can greatly assist our investment accumulation. This can reduce our burden in accumulating Bitcoin to build our future assets by having two sources of income. This requires a step-by-step approach as we discussed because what we do with our investments can be protected after we accumulate consistently.

I can't deny that having an additional source of discretionary income can really be helpful in maintaining consistency in your Bitcoin accumulation journey, but their are some folks that have only a source of discretionary income but are doing more better than those that have two or three because it's very large,

The simple truth is that, it's not always about how much you earn, rather is how you manage money, there's no doubt on the bold part of your comment because it's obvious that some people have so many source of income but they can't manage properly and it affects them financially in the future because things doesn't always remains normal, if one doesn't plan to invest it affects them in the future.
One challenges most people have is that they normally spend on emotional things and it really affects them, spending because you feel pity for something that doesn't add any value to ones self reduces the amount to DCA with (buy Bitcoin with). To build wealth for the future is not really based on how much you have currently, it's about discipline, consistency to work account to securing your future through long term investment.

[MissNonFall9]

Income plays a very important role in Bitcoin investment, but we shouldn't make it seem as if it is all about income and that you must have a good income first before you can buy Bitcoin. The most important thing to know is that irrespective of the income you make, you can still afford to buy Bitcoin.

If you think income is all you need and that the little income you have is too small for you to afford Bitcoin, there is a possibility that even if you increase your income, you may still not be able to afford to buy Bitcoin. This is because as your income increases, your demands also increase, and you will realize that you still struggle to buy Bitcoin. This is why I think buying Bitcoin has to do with mentality, good management of income, and not just about having the income only.

Investing in Bitcoin should be viewed simply without any complications. So when a person has the remaining money after meeting all family expenses, it is possible to invest in Bitcoin. Initially, that investment may be small, it does not matter. The point is how we see Bitcoin and investing in Bitcoin, as you said, investment mentality. So those who see the income issue as too big for investing in Bitcoin or delay investment for any reason are actually people with a negative mindset about investing in Bitcoin. So it must be said that as soon as we see that we have discretionary income, we should start investing without any kind of delay.

[Sarah_Jannat42]

. What I need to convey is that having an alternative source of income can provide consistency in our Bitcoin accumulation. If we rely solely on one source of income it will certainly make it difficult for us to invest as we are always busy managing our income with one source of income. In this case having an additional source of income can greatly assist our investment accumulation. This can reduce our burden in accumulating Bitcoin to build our future assets by having two sources of income. This requires a step-by-step approach as we discussed because what we do with our investments can be protected after we accumulate consistently.

I can't deny that having an additional source of discretionary income can really be helpful in maintaining consistency in your Bitcoin accumulation journey, but their are some folks that have only a source of discretionary income but are doing more better than those that have two or three because it's very large, and they are more better in money management. So what am trying to say is that what is more important is having a good money management skills, because even if you a lot or you have several sources of discretionary income, you wouldn't be able to invest efficiently or effectively if your money management skills is poor.

Money management is very important, the success of any work depends on it to a large extent. Those who are good at money management can often take many effective steps with little money, which brings them relatively good success with little time and effort. It is not necessary to have alternative or multiple sources of income to invest in Bitcoin. The most important thing in investing in Bitcoin is a person's discretionary income, which is left after his household expenses.

[Showlove01]

What I need to convey is that having an alternative source of income can provide consistency in our Bitcoin accumulation. If we rely solely on one source of income it will certainly make it difficult for us to invest as we are always busy managing our income with one source of income. In this case having an additional source of income can greatly assist our investment accumulation. This can reduce our burden in accumulating Bitcoin to build our future assets by having two sources of income. This requires a step-by-step approach as we discussed because what we do with our investments can be protected after we accumulate consistently.

It is not truly about how much income streams one have, but how well people manage what comes in. Anyone earning from just one strong source with discipline and proper planning can build wealth faster than anyone juggling multiple assets without control over spending consistency , smart budgeting and good habits will always prevail especially when accumulating Bitcoin.

You are right but Bitcoin investment is a long term investment which means that you can not make wealth faster as you said because Bitcoin takes time and holding for the long time is the best way to go about Bitcoin and we should not be thinking about making wealth fast in Bitcoin it will lead to trading or gambling. I still agree with you that someone who has a source of income with a good management skill will do far better than someone with multiple source of income without good financial management skill.

[BumRous00]

What I need to convey is that having an alternative source of income can provide consistency in our Bitcoin accumulation. If we rely solely on one source of income it will certainly make it difficult for us to invest as we are always busy managing our income with one source of income. In this case having an additional source of income can greatly assist our investment accumulation. This can reduce our burden in accumulating Bitcoin to build our future assets by having two sources of income. This requires a step-by-step approach as we discussed because what we do with our investments can be protected after we accumulate consistently.

It is not truly about how much income streams one have, but how well people manage what comes in. Anyone earning from just one strong source with discipline and proper planning can build wealth faster than anyone juggling multiple assets without control over spending consistency , smart budgeting and good habits will always prevail especially when accumulating Bitcoin.

You know how much money you need to spend for your normal lifestyle. In this case, if you keep your expenses in mind, your unnecessary expenses are like another bad habit, where even if you don't spend, it will become a good habit, so you can stop unnecessary expenses and start investing with that money, even if it is a little. Because it is wiser to do a little than to do nothing at all. It is not important to have a lot of money, what is important is to maintain consistency. On the other hand, it is better to build up a savings from which if you suddenly face any danger, you can withdraw money from that savings and overcome your danger, on the other hand your investment remains intact, because long-term investment is better.

[Frankolala]

On the other hand, it is better to build up a savings from which if you suddenly face any danger, you can withdraw money from that savings and overcome your danger, on the other hand your investment remains intact, because long-term investment is better.

It's called backup funds which comprises of your emergency funds, reserve funds and float. The emergency funds is very important because it's used to solve any unforeseen emergency that plays out as you're accumulating bitcoin so that, you don't sell your bitcoin prematurely to solve a real life emergency when it pops up.

Your emergency funds should be at least three months of your monthly expenses and it can be built simultaneously with your bitcoin investment if you don't have any form of emergency funds before starting your bitcoin investment.

[GIF-JOBS]

On the other hand, it is better to build up a savings from which if you suddenly face any danger, you can withdraw money from that savings and overcome your danger, on the other hand your investment remains intact, because long-term investment is better.

It's called backup funds which comprises of your emergency funds, reserve funds and float. The emergency funds is very important because it's used to solve any unforeseen emergency that plays out as you're accumulating bitcoin so that, you don't sell your bitcoin prematurely to solve a real life emergency when it pops up.

Your emergency funds should be at least three months of your monthly expenses and it can be built simultaneously with your bitcoin investment if you don't have any form of emergency funds before starting your bitcoin investment.

Many people start investing in the hope of profit and they forget about their financial security, they ignore the fact that no investment is sustainable in the long run without financial security. In fact, in this case, the right mindset is needed, we have to think about the issue of security well, and especially in the case of Bitcoin investment if we want to hold it for the long term, then we need to be mentally prepared to ignore the volatility and along with the issue of financial security, we must definitely keep the necessary funds ready, so that our investment does not suffer any loss in any situation. No one knows when a situation will come in life, illness, job problems, family emergency expenses or any other unexpected event can suddenly come to the fore, then if there is no emergency fund in hand to deal with such a situation, then people are forced to sell their investments at a loss, which causes them to fail.

[Joeboy]

~snip...

It is not truly about how much income streams one have, but how well people manage what comes in. Anyone earning from just one strong source with discipline and proper planning can build wealth faster than anyone juggling multiple assets without control over spending consistency , smart budgeting and good habits will always prevail especially when accumulating Bitcoin.

Countless number of times it has been repeatedly said that Bitcoin's isn't a get rich quick scheme, but then it seems you guys wouldn't accept it... Bitcoin investment isn't a competition whereby folks should start competing on who builds wealth faster than the other... Bitcoin Investment should best be done at ones own pace and based in one's financial capacity... That is to say, folks should assess themselves to know how much they can comfortably invest... Even if the amount is as little as $10-$15 it isn't bad as long as the amount is there discretionary income... And as they go on with their investment, folks can then figure out ways to grow their Discretionary income, which of course can be achieved by cutting down any unnecessary expenses or by getting more sources of income in the way....

[Lembo69]

On the other hand, it is better to build up a savings from which if you suddenly face any danger, you can withdraw money from that savings and overcome your danger, on the other hand your investment remains intact, because long-term investment is better.

It's called backup funds which comprises of your emergency funds, reserve funds and float. The emergency funds is very important because it's used to solve any unforeseen emergency that plays out as you're accumulating bitcoin so that, you don't sell your bitcoin prematurely to solve a real life emergency when it pops up.

Your emergency funds should be at least three months of your monthly expenses and it can be built simultaneously with your bitcoin investment if you don't have any form of emergency funds before starting your bitcoin investment.

We should actually create an emergency fund before investing in Bitcoin. And if someone has already started investing in Bitcoin, then a part of the new income should be set aside for creating an emergency fund. In general, the amount of this fund should be equivalent to 3-6 months of your monthly expenses.
The importance of an emergency fund is immense. But in reality, many people are investing regularly, but do not pay enough attention to creating an emergency fund. If fate ever confronts them with an unexpected danger, will they be able to deal with that situation without touching their investments?
An emergency fund is very important for managing investments safely and stably. However, an emergency fund is not only for protecting investments; it also helps to keep our personal lives financially safe and stable.
If you have a strong emergency fund, you will not panic unnecessarily even during difficult times in life. Instead, you will be able to face the situation with confidence. Whether it's job loss, a medical illness, or a sudden family emergency—having an emergency fund will at least ensure that you don't have to immediately turn to others for help.
So it's true wisdom to focus on gradually building an emergency fund or backup fund.

[Jewan420]

Many people start investing in the hope of profit and they forget about their financial security, they ignore the fact that no investment is sustainable in the long run without financial security. In fact, in this case, the right mindset is needed, we have to think about the issue of security well, and especially in the case of Bitcoin investment if we want to hold it for the long term, then we need to be mentally prepared to ignore the volatility and along with the issue of financial security, we must definitely keep the necessary funds ready, so that our investment does not suffer any loss in any situation. No one knows when a situation will come in life, illness, job problems, family emergency expenses or any other unexpected event can suddenly come to the fore, then if there is no emergency fund in hand to deal with such a situation, then people are forced to sell their investments at a loss, which causes them to fail.

You are right. To be successful in investing, it is more important to protect your investment than to move forward with savings. If you are weak in protecting your investment, then no matter how much you invest, it will fail or you will lose more. I think that you should spend more than 70% of your attention on protecting your investment or fund and the remaining 30% of your attention should be used to move forward with your investment. Although the importance or attention should not be expressed in percentages, I have mentioned it this way only to understand the importance of protecting your fund and increasing your savings.

But we know that nothing is good in excess. We should not spend extra time on protecting our fund, we should also move forward with our investment so that we can achieve our goals. Basically, a balance should be created between protecting our fund and moving forward with savings. So that you can move forward with your goals as fast as possible and also take appropriate steps to protect your fund.

[Morayoam91]

On the other hand, it is better to build up a savings from which if you suddenly face any danger, you can withdraw money from that savings and overcome your danger, on the other hand your investment remains intact, because long-term investment is better.

It's called backup funds which comprises of your emergency funds, reserve funds and float. The emergency funds is very important because it's used to solve any unforeseen emergency that plays out as you're accumulating bitcoin so that, you don't sell your bitcoin prematurely to solve a real life emergency when it pops up.

Your emergency funds should be at least three months of your monthly expenses and it can be built simultaneously with your bitcoin investment if you don't have any form of emergency funds before starting your bitcoin investment.

When investing in Bitcoin, not only pouring money is the last thing for you, but it is also important to keep safety. You will understand the need for an emergency fund when the time comes when you will not be able to get out of there without money. That is when your emergency fund will keep you safe and it will work to keep your investment complete and long-term. Again, you must always ignore your greed because after investing, it is important to maintain it patiently, not just hoping for profit, where you know how likely the price of Bitcoin is to increase in the future. Bitcoin actually works in the long term. Again, you may see the price of Bitcoin dumping at different times, but in this case, you have to control yourself and refrain from panicking and remain steadfast on the long-term path.