Buy Buy Buy or Sell Sell Sell?

[Fuso.hp]

So, to say that it is necessary to have emergency and back up funds when plannimng to buy Bitcoin(that's you are just planning, but not started yet) makes it sound like, we must first have emergency and back funds before we can ever venture into Bitcoin investment and it's a wrong mindset. Emergency funds and back funds are important in the journey, yea, but it's not compulsory that we must have it first before we can start. We can start our investment without them, but must build them along the line because they are very important.

What is most important to get started with our bitcoin investment should be our discretionary income, but at least you should have little of emergency fund, you can actually be gambling with your bitcoin investment if you get started with out having some little emergency fund and slowly be increasing it while you are buying bitcoin.

One should give the highest priority to one's permanent income, that is why I mentioned permanent income because a person can earn this permanent income up to a certain age, as a result of which his income will be assured as long as he can invest and his investment will also be assured. Now if a person works in a campaign for six months or a campaign for one year, it is his temporary income and even if this income is high, one should not invest too much by relying on this income. I think limited but continuous investment is better than irregular investment. If it is possible to see investment as a fast path, then we can think of forming an emergency fund. Basically, an emergency fund will be the financial support of the investor in times of danger and even if there is a need for money, then the investor will not need to increase his investment.

[Skydrill]

Invest in Bitcoin is easy but the biggest obstacle to holding it for the long term is selling it immediately due to fear or lack of knowledge.

Truly getting involved is quite easy, but stay long without selling is where difficulties are.

I have always believed the people that find it difficult to hold their investment for the long term are people that do not have a good source of income that can sustain them throughout the period of their investment. if for instance you have an alternative stream of income that can sustain you such that you don't need to bother about your investment whatsoever, staying invested for the long term will not be a so difficult task to accomplish.

As much as you are investing, also make it a priority to also face your hustle as though you are not investing in the first place. it should normally get to a point where you are not concerned about the price but only focus on how you can get more chunk of bitcoin. once you are able to get to that point, then you have succeeded in solving the major part of the problem that is associated with staying invested for the long term.

probably one of the biggest issue investors usually encounter in Bitcoin, it's usually easy to start but often difficult to hold on without selling, now if you can identify those factors that pushes people into selling their Bitcoin earlier than expected then you could avoid them and perhaps succeed where others failed.

Now before you go into any investment there is a need to first of all understand what's involved hence the need for proper orientation is required before investing in Bitcoin and that why people often emphasize the need for requisite knowledge of Bitcoin before venturing. If you understand why people always advocate the need and importance of multiple source of income as a requirement for a smooth sail in Bitcoin investment then you understand that all these are some of the main point that assist in ensuring a stress free investment without being pressured into panic sales in times of financial emergencies that could lead to someone wanting to sell his or her Bitcoin untimely.

[Gallar]

You made a solid point, NewRevelation. Many people especially those that are just beginning confuse short-term trading with quick success, not realizing that it demands high skill and emotional control. However, I think both trading and long-term holding can work if approached with discipline and a clear plan. The real problem begins when someone trades without understanding market behavior or without setting limits for loss and profit.
Long-term holding gives peace of mind, but short-term trading, when done carefully, can also help investors take advantage of volatility. The advice is to focus on consistency, risk management, and not letting emotions decide when to buy or sell.

While what you say makes sense, believe me, many professional traders also experience losses. This means that when we enter the trading realm, there's still a significant risk of loss. Sometimes, someone has mastered all technical analysis and is quite skilled at managing their emotions, but at one point, all of that can be destroyed by a small loss that triggers an emotional outburst. The result is continuous losses. I'm sure that even if someone can control and manage risk well, if they trade continuously, there will be times when they become careless and experience losses.

Therefore, even if trading is carried out by a very professional, the level of loss is still very high. It's also important to remember that price manipulation in the crypto realm is very common, and this is what poses a danger to all traders, whether professional or not. So I think investing is much safer, and yes, I don't need to watch the news, watch the market, or monitor new coins, because all I do is focus on working and my discretionary salary can be invested in bitcoin (discretionary).

[IceLincoln]

I disagree with you, reserve funds should not be used to buy Bitcoin whether Dip or not rather the funds that should be used to purchase Bitcoin is discretionary income so using reserve funds to purchase Bitcoin I think it is wrong  that is why our discretionary income should be given the top most priority by growing it so Incase there is Dip, you can take advantage. Whether availability or not no funds should be used for another because discretionary income can not be used to solve emergency problem.

I’m surprised that even as you’ve been following this thread for a while now you still get this confused. Back up funds which includes the reserve and emergency funds are all cut from the same cloth which is the discretionary income  and they all have different purposes or functions. The reserve can be used to buy extra Bitcoin in times of dip because it’s purpose is more flexible than that of the emergency. Most times reserves are not been tied to anything just kept for future investment opportunities or expenses while emergency funds are only meant for emergency situations.

[Finebone]

It's also important to remember that price manipulation in the crypto realm is very common, and this is what poses a danger to all traders, whether professional or not.

The risk and stress attached to trading is just too much that's why investment in Bitcoin is far more better than risking your hard earned money trading and looking for small gains that wouldn't add anything significant to your finance.

So I think investing is much safer, and yes, I don't need to watch the news, watch the market, or monitor new coins,

It's true that investment in Bitcoin is more safer but it's also have it own risk, even though it's not like trading.
Additionally, with your statement of monitoring new coins, it seems like you love gambling or f****ing around with shit coin, but my candid advice to you is that, do not forget that shit coin falls more than they rise, so gambling with only 2% of your discretionary income on them if you are hell bent on gambling with them, but you should focus more on Bitcoin since it's the real deal.

[Jostern]

Backup fund is more of a generalized term that includes other funds such as emergency fund, reserved and others so you shouldn't be trying to separate them out to look like very different forms of fund, it's true that @Lembo69 should have been more specific on which backup fund he meant rather than use the general term but he still wasn't entirely wrong with what he said, so when we have an emergency fund ready it means we already have a form or backup fund ready but we can claim to have backup fund without necessarily have an emergency fund ready.

I disagree with you when you said that backup funds is more of a generalized term, just as the names implies backup, emergency even without anyone explaining this to you it is very obvious that this both funds does not sound the same emergency funds is supposed to serve for our financial safety and for other unforseen circumstances (accident) while backup funds is supposed to serve for our Bitcoin investment for example when a guy is attempting to increase his level of aggressiveness and it happens that he don't have enough discretionary income to buy as aggressive as he want he can quickly dip his hands in his backup funds to add up to enable him stack as much as he like.

However if an investor does not have enough cash flow or maybe his monthly income is not enough to build this two funds together he can only build up one of this fund in a way that it will be enough to serve for two purpose.

I think what you are trying to explain is reserved fund and not backup fund since reserve fund is what's used to sometimes buy bitcoin especially during dips when an investor wants to increase his holdings by buying bitcoin at a cheaper rate and yes reserve fund is a form of backup fund but so is emergency fund as well they are both part of the same system but serving slightly different functions although depending on availability one can serve the purpose of the other.
You are entitled to your opinion on the matter as I am entitled to mine and this is my opinion on the matter.

I disagree with you, reserve funds should not be used to buy Bitcoin whether Dip or not rather the funds that should be used to purchase Bitcoin is discretionary income so using reserve funds to purchase Bitcoin I think it is wrong  that is why our discretionary income should be given the top most priority by growing it so Incase there is Dip, you can take advantage. Whether availability or not no funds should be used for another because discretionary income can not be used to solve emergency problem.

Your reserve fund is gotten from your discretionary income so there is absolutely nothing wrong with investing in bitcoin with it, in fact that's it's main purpose for a bitcoin investor, if we shouldn't invest with our reserve fund then what's it's purpose, there will be absolutely no reason to keep money in reserve when you can not use it to buy bitcoin more aggressively when the time to do so presents itself to you and it would be pointless to spend time gathering up money for reserve.

Your reserved funds isn’t primarily for buying and accumulating bitcoin, we have an emergency funds as well as reserved fund, there are situations in life more like unforeseen circumstances where probably you’ve lost your job or something happened to your source of income, if you have a reserved funds which is what is required and it’s quite important to have, as an investor this things are very common to have, so if in any of this happens and need to take care of your basic expenses and you don’t have a source of income at that present moment then you now have a reserve funds that is quite a solution for that initial moment.

[Sim_card]

you understand why people always advocate the need and importance of multiple source of income as a requirement for a smooth sail in Bitcoin investment then you understand that all these are some of the main point that assist in ensuring a stress free investment.

It's not compulsory to have a multiple source of income before you can be successful in your bitcoin investment because some people on source of income gives them a huge discretionary income to keep their bitcoin investment ongoing with persistent and consistent overtime. Imagine that I already have a business which is the only source of income I have, I can decide to diversify from my business into bitcoin and become successful in the future.

Discretionary income is enough for you to get started and become successful in the long run provided you hodli and didn't sell. However, if you can get a multi source of income it's also good.

[virasog]

So, to say that it is necessary to have emergency and back up funds when plannimng to buy Bitcoin(that's you are just planning, but not started yet) makes it sound like, we must first have emergency and back funds before we can ever venture into Bitcoin investment and it's a wrong mindset. Emergency funds and back funds are important in the journey, yea, but it's not compulsory that we must have it first before we can start. We can start our investment without them, but must build them along the line because they are very important.

What is most important to get started with our bitcoin investment should be our discretionary income, but at least you should have little of emergency fund, you can actually be gambling with your bitcoin investment if you get started with out having some little emergency fund and slowly be increasing it while you are buying bitcoin.

One should give the highest priority to one's permanent income, that is why I mentioned permanent income because a person can earn this permanent income up to a certain age, as a result of which his income will be assured as long as he can invest and his investment will also be assured. Now if a person works in a campaign for six months or a campaign for one year, it is his temporary income and even if this income is high, one should not invest too much by relying on this income. I think limited but continuous investment is better than irregular investment. If it is possible to see investment as a fast path, then we can think of forming an emergency fund. Basically, an emergency fund will be the financial support of the investor in times of danger and even if there is a need for money, then the investor will not need to increase his investment.

Yes one should have a permanent income source and then you will have a peace of mind when you think of the Investments in bitcoin. Without a permanent income it is very hard for you or for anyone to get investments in Bitcoin.

The reason is that you should not take out the Bitcoin investments, sell them to meet your everyday needs or to meet any emergency need. Bitcoin investment should be like that you invest and then forget it for few years to get the maximum returns on the investment. You know that you do not have any financial problem and you don't have any emergency to cash it out on immediate basis.

[ChocolateBitcoinK]

Yes one should have a permanent income source and then you will have a peace of mind when you think of the Investments in bitcoin. Without a permanent income it is very hard for you or for anyone to get investments in Bitcoin.

The reason is that you should not take out the Bitcoin investments, sell them to meet your everyday needs or to meet any emergency need. Bitcoin investment should be like that you invest and then forget it for few years to get the maximum returns on the investment. You know that you do not have any financial problem and you don't have any emergency to cash it out on immediate basis.

It is a wrong decision when someone enters into investment without having a stable source of income. Because if there is no stable source of income, he will not be able to allocate money to continue his investment regularly.
Apart from investment, there are other necessary expenses in different areas of life such as house rent, basic needs, children's school fees, transportation expenses, and other necessary expenses that can cause some problems if there is no stable income.
So when a person with unstable income gets money, he must first fulfill his basic or necessary things that are essential for him. So in this case, it will definitely not be possible to continue his investment without fulfilling the basic things.
In addition, financial loss may affect him if the market falls. In addition, he may have to sell Bitcoin in an emergency. In this case, I think the investment should be such that we can forget and there will be no shortage of money for any basic or necessary needs to invest money in Bitcoin.
And if you invest in this way, the investment will be peaceful and stress-free.

[I_Anime]

you understand why people always advocate the need and importance of multiple source of income as a requirement for a smooth sail in Bitcoin investment then you understand that all these are some of the main point that assist in ensuring a stress free investment.

It's not compulsory to have a multiple source of income before you can be successful in your bitcoin investment because some people on source of income gives them a huge discretionary income to keep their bitcoin investment ongoing with persistent and consistent overtime. Imagine that I already have a business which is the only source of income I have, I can decide to diversify from my business into bitcoin and become successful in the future.

Discretionary income is enough for you to get started and become successful in the long run provided you hodli and didn't sell. However, if you can get a multi source of income it's also good.

That’s true you don’t need many sources to start investing in bitcoin. Aslong your source can handle your budget while you invest is enough . But having multiple sources is a big advantage though, it will help you to handle your investment smoothly and it can also help to speed up the pace . Because some folk bitcoin can be slow due to their sources and stuff , that’s why those with enough cashflow usually benefit more in bitcoin investment, but with consistency you can still build something good from your one source .

[Churchillvv]

Discretionary income is enough for you to get started and become successful in the long run provided you hodli and didn't sell. However, if you can get a multi source of income it's also good.

When using the word successful you have to also be very precise with it as yet not everyone will understand being successful you mean, is only in terms of investment in bitcoin and because bitcoin basically does not guarantee success, you have to involve other aspect of live when using the word successful as bitcoin investment will help you become more profitable or financially free or for some a good retirement plan.

[abaeze]

you understand why people always advocate the need and importance of multiple source of income as a requirement for a smooth sail in Bitcoin investment then you understand that all these are some of the main point that assist in ensuring a stress free investment.

It's not compulsory to have a multiple source of income before you can be successful in your bitcoin investment because some people on source of income gives them a huge discretionary income to keep their bitcoin investment ongoing with persistent and consistent overtime. Imagine that I already have a business which is the only source of income I have, I can decide to diversify from my business into bitcoin and become successful in the future.

Discretionary income is enough for you to get started and become successful in the long run provided you hodli and didn't sell. However, if you can get a multi source of income it's also good.

That’s true you don’t need many sources to start investing in bitcoin. Aslong your source can handle your budget while you invest is enough . But having multiple sources is a big advantage though, it will help you to handle your investment smoothly and it can also help to speed up the pace . Because some folk bitcoin can be slow due to their sources and stuff , that’s why those with enough cashflow usually benefit more in bitcoin investment, but with consistency you can still build something good from your one source .

You are right, even if you have one source, it is enough to start investing in Bitcoin, but as time goes by, you should try to add new sources. This will increase people's freedom in investing, risk control, and investment dynamics. However, having multiple sources of income strengthens the cashflow of investors, so when the market dips, that is, when the price drops, it is easier to increase investment, and panic is reduced. This is a big advantage especially for long-term investors. This makes all investment strategies work well.

[SmartCharpa]

Invest in Bitcoin is easy but the biggest obstacle to holding it for the long term is selling it immediately due to fear or lack of knowledge.

Sure, it's easy to invest but only if you have what it takes to invest, if you don't have the money to invest and would like to start, it won't be easy. Another reason I believe it is difficult to invest is that some people are still finding it difficult to start somewhere because they may fail to hold for a long time. Other people find it easy to start but end up selling along the way, and many are out there afraid to start.

When it comes to holding for the long term, there are many challenges, including lack of knowledge and patience. Also, you should know which investment plan will be the best for you based on your income. Some people set up a plan that they cannot maintain and they end up selling when things get out of their hands.

[Ricardo11]

you understand why people always advocate the need and importance of multiple source of income as a requirement for a smooth sail in Bitcoin investment then you understand that all these are some of the main point that assist in ensuring a stress free investment.

It's not compulsory to have a multiple source of income before you can be successful in your bitcoin investment because some people on source of income gives them a huge discretionary income to keep their bitcoin investment ongoing with persistent and consistent overtime. Imagine that I already have a business which is the only source of income I have, I can decide to diversify from my business into bitcoin and become successful in the future.

Discretionary income is enough for you to get started and become successful in the long run provided you hodli and didn't sell. However, if you can get a multi source of income it's also good.

That’s true you don’t need many sources to start investing in bitcoin. Aslong your source can handle your budget while you invest is enough . But having multiple sources is a big advantage though, it will help you to handle your investment smoothly and it can also help to speed up the pace . Because some folk bitcoin can be slow due to their sources and stuff , that’s why those with enough cashflow usually benefit more in bitcoin investment, but with consistency you can still build something good from your one source .

The key to starting is consistency and smart management, not a huge amount of money, but if you can consistently invest any amount of money from any amount of your income through proper management, that is enough.
Having multiple sources of income is undoubtedly a big advantage, because it increases the speed of investment and reduces risk even in times of market volatility, but for those who do not have multiple sources of income, or the income is not very large, it is not an obstacle.
These are not a matter of concern, you can start from what you have now, and build a portfolio consistently, and that consistent investment brings big results over time.

[Showlove01]

you understand why people always advocate the need and importance of multiple source of income as a requirement for a smooth sail in Bitcoin investment then you understand that all these are some of the main point that assist in ensuring a stress free investment.

It's not compulsory to have a multiple source of income before you can be successful in your bitcoin investment because some people on source of income gives them a huge discretionary income to keep their bitcoin investment ongoing with persistent and consistent overtime. Imagine that I already have a business which is the only source of income I have, I can decide to diversify from my business into bitcoin and become successful in the future.

Discretionary income is enough for you to get started and become successful in the long run provided you hodli and didn't sell. However, if you can get a multi source of income it's also good.

That’s true you don’t need many sources to start investing in bitcoin. Aslong your source can handle your budget while you invest is enough . But having multiple sources is a big advantage though, it will help you to handle your investment smoothly and it can also help to speed up the pace . Because some folk bitcoin can be slow due to their sources and stuff , that’s why those with enough cashflow usually benefit more in bitcoin investment, but with consistency you can still build something good from your one source .

You are right, even if you have one source, it is enough to start investing in Bitcoin, but as time goes by, you should try to add new sources. This will increase people's freedom in investing, risk control, and investment dynamics. However, having multiple sources of income strengthens the cashflow of investors, so when the market dips, that is, when the price drops, it is easier to increase investment, and panic is reduced. This is a big advantage especially for long-term investors. This makes all investment strategies work well.

One source of income is only enough to use for Bitcoin investment when we can get a discretionary income from it otherwise it won't be enough because what we need from any source of income as an investor is one that can give us a discrestionary ncome because that is what we need to start up our Bitcoin investment and sometimes there are source of income that if you are good in management it will become very hard to invest in Bitcoin because there are source of income you need to be extremely good in management before you can figure out your discretionary.

[Scarlett_23]

So, to say that it is necessary to have emergency and back up funds when plannimng to buy Bitcoin(that's you are just planning, but not started yet) makes it sound like, we must first have emergency and back funds before we can ever venture into Bitcoin investment and it's a wrong mindset. Emergency funds and back funds are important in the journey, yea, but it's not compulsory that we must have it first before we can start. We can start our investment without them, but must build them along the line because they are very important.

What is most important to get started with our bitcoin investment should be our discretionary income, but at least you should have little of emergency fund, you can actually be gambling with your bitcoin investment if you get started with out having some little emergency fund and slowly be increasing it while you are buying bitcoin.

Investing in any platform requires a lot of money and it is also a matter of thinking about what the results will be after the investment. However, to invest in Bitcoin, you first have to calculate your income and expenses. After meeting the basic needs of the family, an emergency fund becomes necessary. It is wisest to save money in this fund for three to six months. So that in case of any sudden danger in the course of life, it can be made up with an emergency fund. Then there is no pressure on the main investment.

[Joeboy]

you understand why people always advocate the need and importance of multiple source of income as a requirement for a smooth sail in Bitcoin investment then you understand that all these are some of the main point that assist in ensuring a stress free investment.

It's not compulsory to have a multiple source of income before you can be successful in your bitcoin investment because some people on source of income gives them a huge discretionary income to keep their bitcoin investment ongoing with persistent and consistent overtime. Imagine that I already have a business which is the only source of income I have, I can decide to diversify from my business into bitcoin and become successful in the future.

Discretionary income is enough for you to get started and become successful in the long run provided you hodli and didn't sell. However, if you can get a multi source of income it's also good.

That’s true you don’t need many sources to start investing in bitcoin. Aslong your source can handle your budget while you invest is enough . But having multiple sources is a big advantage though, it will help you to handle your investment smoothly and it can also help to speed up the pace . Because some folk bitcoin can be slow due to their sources and stuff , that’s why those with enough cashflow usually benefit more in bitcoin investment, but with consistency you can still build something good from your one source .

You are right, even if you have one source, it is enough to start investing in Bitcoin, but as time goes by, you should try to add new sources. This will increase people's freedom in investing, risk control, and investment dynamics. However, having multiple sources of income strengthens the cashflow of investors, so when the market dips, that is, when the price drops, it is easier to increase investment, and panic is reduced. This is a big advantage especially for long-term investors. This makes all investment strategies work well.

Let's not be deceived, folks may have one or even multiple income source, but then still find it very difficult to extract their discretionary income due to maybe reckless spending or poor cash flow management etc. That is why what is needed for Bitcoin investments isnt just the amount of income source that folks has, but  whether they are able to realize their discretionary income afterwards, and also them having the knowledge of Bitcoin being a volatile assets. In order not to waste precious time, once this two basic knowledge are attained then already it is already a greenlight to start investing, while attaining knowledge of other things while already investing.

[JayJuanGee]

So, to say that it is necessary to have emergency and back up funds when plannimng to buy Bitcoin(that's you are just planning, but not started yet) makes it sound like, we must first have emergency and back funds before we can ever venture into Bitcoin investment and it's a wrong mindset. Emergency funds and back funds are important in the journey, yea, but it's not compulsory that we must have it first before we can start. We can start our investment without them, but must build them along the line because they are very important.

What is most important to get started with our bitcoin investment should be our discretionary income, but at least you should have little of emergency fund, you can actually be gambling with your bitcoin investment if you get started with out having some little emergency fund and slowly be increasing it while you are buying bitcoin.

An emergency fund will not save a guy from all possibilities, yet if any guy is serious about building his bitcoin holdings, he needs to figure how to protect it so that it is not tapped into at a time that is not of the guys complete choosing.. and it takes years to build bitcoin holdings and it could get tempting to tap into such bitcoin holdings, even if your initial intention was to not tap into them.

Ultimately guys have to figure out how to reach a balance that is comfortable for them, and yeah, if they end up making mistakes and they end up tapping into their bitcoin holdings because they did not have enough back up funds, then they are going to pay the costs for that.. and no one will save them.  It can take a lot of organization to keep enough of a balance in the back up funds especially for guys who might have irregular incomes and irregular expenses, so our organizing and strengthening of our cashflow management and our back ups is one of the things that is somewhat in our control even if we might also make mistakes from time to time, yet we should hope that our mistakes are not so great as to cause us to have to sell bitcoin at a time that is not of our own choosing.. yet there could be extreme situations that end up happening unexpectedly that go beyond the abilities of our back up funds to cover those extremes.

So, to say that it is necessary to have emergency and back up funds when plannimng to buy Bitcoin(that's you are just planning, but not started yet) makes it sound like, we must first have emergency and back funds before we can ever venture into Bitcoin investment and it's a wrong mindset. Emergency funds and back funds are important in the journey, yea, but it's not compulsory that we must have it first before we can start. We can start our investment without them, but must build them along the line because they are very important.

What is most important to get started with our bitcoin investment should be our discretionary income, but at least you should have little of emergency fund, you can actually be gambling with your bitcoin investment if you get started with out having some little emergency fund and slowly be increasing it while you are buying bitcoin.

Investing in any platform requires a lot of money and it is also a matter of thinking about what the results will be after the investment. However, to invest in Bitcoin, you first have to calculate your income and expenses. After meeting the basic needs of the family, an emergency fund becomes necessary. It is wisest to save money in this fund for three to six months. So that in case of any sudden danger in the course of life, it can be made up with an emergency fund. Then there is no pressure on the main investment.

You should aspire to get your emergency funds up to 3 months of your expenses.  You do not need to establish such level of emergency funds before starting to invest in bitcoin.  When you invest in bitcoin, it is good to get started as soon as you determine that you have discretionary funds - yet at the same time, you likely need to have some back up funds, and many people will already be in a practice of maintaining back up funds, yet you can build the level of your bitcoin investment and your back up funds at the same time, and you can choose to prioritize the building of one greater than the other or you can grow them at the same rate. You need to consider what will make you comfortable, and if you end up messing up because you either don't have any emergency funds or that you invest in bitcoin too slowly.. those are your own challenges to figure out those kinds of details related to your personal circumstances... and surely sometimes your personal circumstance will change at various points along the way too... sometimes it might be better to get a second job and other times it would be better to utilize whatever resources that you have more efficiently including making sure that you are spending within your discretionary income and making sure that you are building up enough back up funds while you are building up your bitcoin investment size, too.

[Padi24]

You are right, even if you have one source, it is enough to start investing in Bitcoin, but as time goes by, you should try to add new sources. This will increase people's freedom in investing, risk control, and investment dynamics. However, having multiple sources of income strengthens the cashflow of investors, so when the market dips, that is, when the price drops, it is easier to increase investment, and panic is reduced. This is a big advantage especially for long-term investors. This makes all investment strategies work well.

This isn't about stressing yourself to get a different source of income just get a stable job with a decent pay then you're good to go because looking for a different source of income is more like a stress to me as I may be getting myself so worked up. Although I don't want to dispute with you about getting a different source of income, getting a different source of income is also a very nice idea especially for those that doesn't have well pay job so this set of people is expected to look for alternative so that to enable them meet up with their Bitcoin investment as they will be earning a decent amount of money that can serve them in building the three funds (discretionary funds, emergency funds, and backup funds) after paying all their expenses.

[icebar]

Let's not be deceived, folks may have one or even multiple income source, but then still find it very difficult to extract their discretionary income due to maybe reckless spending or poor cash flow management etc. That is why what is needed for Bitcoin investments isnt just the amount of income source that folks has, but  whether they are able to realize their discretionary income afterwards, and also them having the knowledge of Bitcoin being a volatile assets. In order not to waste precious time, once this two basic knowledge are attained then already it is already a greenlight to start investing, while attaining knowledge of other things while already investing.

I think that before investing in Bitcoin, people need to have a saving mindset before looking for multiple sources of income. There are some who have very little income but try to complete all their tasks from that income, while others are not able to save even though they have a lot of income. A far-reaching mindset can inspire a person to save a lot despite their limited income. Whose income is very limited will not be suitable for investing in Bitcoin. Because they need to have discretionary income. Only those who have multiple sources of income are able to adopt the most effective investment decisions.