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Author Topic: Buy Buy Buy or Sell Sell Sell?  (Read 160043 times)
Loyang
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Today at 08:55:13 AM
 #18241

It is not necessary to have a stable source of income to invest, but it is better to have it because there are many benefits to investing in it, although it is not mandatory that it must be there. We should only find temporary income and invest from it, because if someone invests from other money, then he may have many problems in continuing his investment. Along with our investment, we should also create an emergency fund. Because unexpected dangers can come in our lives, the importance of an emergency fund is immense to manage investments safely in the field.

To invest we need a source of discretionary income, if a person finds a source of discretionary income then he can start investing. Whether the source of income is stable or unstable, if a person is able to find discretionary income from that source of income then he can definitely start investing and continue buying continuously.

Using volatile income for investing is not at all the right decision. Volatile income is the amount of money that you need and it will never be the right decision to invest with this amount of money. Whatever amount of money you get from your unstable source of income, then find a source of discretionary income through proper financial management and continue investing.

Derekfunds
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Today at 11:42:42 AM
 #18242

Bro i totally agree with u at the end of the day what matter is how much you can save after all your expenese.Having multiple source of income is good but the most important thing is how ur managing your expenses .Even with a small income a person can do investments consistantlly and can live a happy life.Managing ur life style and responsibilities according to your source of income is very important if u want to grow in life.

That is exactly where discipline comes in, you can not be able to sort out your discretionary income if you are not discipline. You will agree with me that the problem some people are having investing in Bitcoin is because they are not disciplined enough to even sort out their discretionary income and if you can not sort out your discretionary income Investment becomes impossible. And I agree with what you said, those people who has a small source ot income and yet they are consistent with their Bitcoin investment, it is as a result of high level of discipline because it is not everyone that can do it and they will surely benefit from it

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Cgrexp
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Today at 12:03:52 PM
 #18243

Bro i totally agree with u at the end of the day what matter is how much you can save after all your expenese.Having multiple source of income is good but the most important thing is how ur managing your expenses .Even with a small income a person can do investments consistantlly and can live a happy life.Managing ur life style and responsibilities according to your source of income is very important if u want to grow in life.

That is exactly where discipline comes in, you can not be able to sort out your discretionary income if you are not discipline. You will agree with me that the problem some people are having investing in Bitcoin is because they are not disciplined enough to even sort out their discretionary income and if you can not sort out your discretionary income Investment becomes impossible. And I agree with what you said, those people who has a small source ot income and yet they are consistent with their Bitcoin investment, it is as a result of high level of discipline because it is not everyone that can do it and they will surely benefit from it
Financial discipline is very important when investing in Bitcoin in the long term. Real financial discipline is to determine the appropriate amount to invest by maintaining a balance between your income and expenses and to follow that decision according to the situation. Not everyone's financial situation is the same. If someone's income is high, their responsibilities and expenses may be high. If someone's income is low, their expenses may also be low. It is important to stay within your means. Discipline helps us refrain from investing beyond our means. However, it cannot eliminate the risk of price volatility or loss. Reducing the amount of investment if income decreases or unexpected expenses increase for some reason is also part of financial discipline. Maintaining your financial stability is more important than continuing to invest regularly. To invest in the long term, you need not only to develop a habit of buying regularly, but also to understand your financial limitations and acquire the ability to make decisions according to plan even in the face of market fluctuations.

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