Buy Buy Buy or Sell Sell Sell?

[Barikui1]

However, emergency funds is required for you to invest in Bitcoin even though some investors might decide to build their emergency funds from the 3rd week or one month of accumulating Bitcoin. But it is something every investors can not do without, because it  is your emergency funds that would help you scale through your accumulation journey without facing any challenge, without having emergency funds You're likely to end your accumulation journey halfway.

Emergency funds is very important for the survival of your Bitcoin investment if you truly want to hold for long, and I want you to understand that you can easily build your emergency funds alongside your Bitcoin investment, so you don't have to wait in building any of them.

The only set of people that has such leverage to invest in Bitcoin without an emergency funds are the rich guys, because they have asset they can easily relinquish to sort out emergencies, they also have rich friends, uncles, aunties and relatives that can bail them out of any difficult financial situation that threatens their holdings unlike the poor or average income earner that can't afford to invest in Bitcoin with an emergency funds.

[Taskford]

However, emergency funds is required for you to invest in Bitcoin even though some investors might decide to build their emergency funds from the 3rd week or one month of accumulating Bitcoin. But it is something every investors can not do without, because it  is your emergency funds that would help you scale through your accumulation journey without facing any challenge, without having emergency funds You're likely to end your accumulation journey halfway.

Emergency funds is very important for the survival of your Bitcoin investment if you truly want to hold for long, and I want you to understand that you can easily build your emergency funds alongside your Bitcoin investment, so you don't have to wait in building any of them.

The only set of people that has such leverage to invest in Bitcoin without an emergency funds are the rich guys, because they have asset they can easily relinquish to sort out emergencies, they also have rich friends, uncles, aunties and relatives that can bail them out of any difficult financial situation that threatens their holdings unlike the poor or average income earner that can't afford to invest in Bitcoin with an emergency funds.

If we talk about what are those things to help our selves to succeed on our long term investment, well yeah emergency funds is really critical especially for those average wage earnings which didn't have liquid assets or other source of income to use when there's sudden situation happens. But let me add that creating a emergency funds is not always about on investing on Bitcoin because you can use it on other means especially those other emergency situation happen on your life.

Also long term holders which aim to create or have emergency funds most provably will not do panic selling.

[ChocolateBitcoinK]

However, emergency funds is required for you to invest in Bitcoin even though some investors might decide to build their emergency funds from the 3rd week or one month of accumulating Bitcoin. But it is something every investors can not do without, because it  is your emergency funds that would help you scale through your accumulation journey without facing any challenge, without having emergency funds You're likely to end your accumulation journey halfway.

Emergency funds is very important for the survival of your Bitcoin investment if you truly want to hold for long, and I want you to understand that you can easily build your emergency funds alongside your Bitcoin investment, so you don't have to wait in building any of them.

The only set of people that has such leverage to invest in Bitcoin without an emergency funds are the rich guys, because they have asset they can easily relinquish to sort out emergencies, they also have rich friends, uncles, aunties and relatives that can bail them out of any difficult financial situation that threatens their holdings unlike the poor or average income earner that can't afford to invest in Bitcoin with an emergency funds.

If we talk about what are those things to help our selves to succeed on our long term investment, well yeah emergency funds is really critical especially for those average wage earnings which didn't have liquid assets or other source of income to use when there's sudden situation happens. But let me add that creating a emergency funds is not always about on investing on Bitcoin because you can use it on other means especially those other emergency situation happen on your life.

Also long term holders which aim to create or have emergency funds most provably will not do panic selling.

And it is important to prepare an emergency fund to avoid panic selling in any situation. An emergency fund is the strongest protection for long-term investment success. Financial stability is important, and it is essential to have proper management for this. The main purpose of an emergency fund is simply to keep you financially stable in unexpected situations, so that your investments do not suffer any losses. An emergency fund is essential to sustain yourself in case of illness, job loss, or family emergencies.

[Futurexxx]

And it is important to prepare an emergency fund to avoid panic selling in any situation.

The existence of emergency funds is not about avoiding panic selling, because panic selling is more about fear, and it's mostly newbie that sell in panic, the real purpose of emergency funds is  for you not to be forced to sell when you never wanted to due to severe emergency situation at hand.
Because their will definitely come a time in your investment journey where you will want to hold further, but since an emergency situation is at hand, and you need money to sort it out, if you don't have emergency funds then, you are likely going to sell prematurely in other sort out the emergency situation, so those are the types of situations emergency funds are kept for not for panic selling, those that sell in panic doesn't real have faith in Bitcoin from the very onset.

[sotelorene]

Indeed, Bitcoin investment can be an opportunity for anyone, including those with unstable incomes. But you have to remember that their investment will at some point be disturbed by pressure or the harshness of the life he lives, an investment like this seems like a waste.

what the hell happened to having an emergency funds,, huh? Do you think people can just dump money into Bitcoin without creating a backup and think that nothing will happen. The whole essence of emergency funds is to handle unnecessary expenses that you may be faced while investing. Having an unstable income isn't the problem man, the problem is not creating backup funds. Investing without your emergency funds is pure gambling.

I disagree with you dude, the reason for emergency funds is not to handle unnecessary expenses and do you actually know what you are saying? If you say expense are unnecessary then what is the reason of handling it again? You are wrong the reason for emergency funds is to handle unforseen circumstances or challenges that will come during our period of investment and these challenges are very necessary that is why we save emergency funds so we won't need to sell premature to settle them. Please don't teach this before you mislead newbie.

[MusaPk]

And it is important to prepare an emergency fund to avoid panic selling in any situation. An emergency fund is the strongest protection for long-term investment success. Financial stability is important, and it is essential to have proper management for this. The main purpose of an emergency fund is simply to keep you financially stable in unexpected situations, so that your investments do not suffer any losses. An emergency fund is essential to sustain yourself in case of illness, job loss, or family emergencies.

We have to invest in Bitcoin for 10 years to get good profit and that means for 10 years we have to keep on investing in Bitcoin. The ideal thing will be to follow a DCA strategy and invest every week. Now emergency funds come handy once you are in need of money then you won't cash out your Bitcoin but use that emergency funds. The emergency funds helps in preserving your Bitcoin stash for 10 years target and also help you in continuing your Bitcoin investment.

I have a money box where I deposit a certain amount every month as emergency fund or money that I can use in case I ran out of cash. So far that has worked well for me.

[Jaksonhard]

Emergency funds is very important for the survival of your Bitcoin investment if you truly want to hold for long, and I want you to understand that you can easily build your emergency funds alongside your Bitcoin investment, so you don't have to wait in building any of them.

Most investors ignore this critical piece of advice. If you want to keep your Bitcoin for the long haul, it's essential to develop an emergency fund. It prevents you from having to sell your Bitcoin during a market downturn or other unexpected situations. Fortunately, creating an emergency fund does not mean that you need to stop accumulating Bitcoin. You can do both financial stability and creating an emergency fund with some planning and discipline. A little bit of time spent making consistent contributions to either account will add up to a substantial amount over the years. It allows you to maintain your peace of mind, provide yourself with financial stability, and keep you in a position to continue to invest through times of financial uncertainty, so you can continue your investments without fear during periods of volatility in the financial markets.

The only set of people that has such leverage to invest in Bitcoin without an emergency funds are the rich guys, because they have asset they can easily relinquish to sort out emergencies, they also have rich friends, uncles, aunties and relatives that can bail them out of any difficult financial situation that threatens their holdings unlike the poor or average income earner that can't afford to invest in Bitcoin with an emergency funds.

That is certainly true, having the ability to invest in Bitcoin when there is no emergency fund is a privilege that is typically only available to those who have wealth. Wealthy individuals typically do have assets that are available to be cashed in on or a family and friends support network to assist them when they run into trouble financially and it is this network that will allow them to keep their investments protected from loss. An average or low income earner that does not have money set aside for emergencies would be taking a chance when investing in Bitcoin, as any unexpected expense would force this individual to liquidate his or her investments at a considerable loss. For all practical purposes, it would make more sense and be the responsible thing to do for most people to first build an emergency fund and then invest in Bitcoin with the understanding that the investment can be maintained for the long haul without undue financial burden.

[noormcs5]

And it is important to prepare an emergency fund to avoid panic selling in any situation. An emergency fund is the strongest protection for long-term investment success. Financial stability is important, and it is essential to have proper management for this. The main purpose of an emergency fund is simply to keep you financially stable in unexpected situations, so that your investments do not suffer any losses. An emergency fund is essential to sustain yourself in case of illness, job loss, or family emergencies.

We have to invest in Bitcoin for 10 years to get good profit and that means for 10 years we have to keep on investing in Bitcoin. The ideal thing will be to follow a DCA strategy and invest every week. Now emergency funds come handy once you are in need of money then you won't cash out your Bitcoin but use that emergency funds. The emergency funds helps in preserving your Bitcoin stash for 10 years target and also help you in continuing your Bitcoin investment.

I have a money box where I deposit a certain amount every month as emergency fund or money that I can use in case I ran out of cash. So far that has worked well for me.

While a 10-year bitcoin investment is ideal, even if one is able to hold their bitcoin for three to four years, they can still get good returns. I personally wouldn't be believing in holding for 10 straight years when I can take advantage of selling in the bull market and buying back in the bear market and i will do that with some portion of my portfolio.

Most people think that they can get rich overnight when they buy bitcoin and they have no tendency to hold. This is why one should have other regular income and emergency fund with us, so that we never feel the urge to sell out bitcoin to meet out urgent needs.

[Joy- maker]

And it is important to prepare an emergency fund to avoid panic selling in any situation.

To be Frank here buddy, emergency fund can make an investor to avoid panic when emergencies arises since there is emergency fund to handle those emergencies, but panic selling is something that has to do with the investor mindset and emotional control and not really the absence of emergency fund. and the reason why we need to build emergency fund as Bitcoin investors is to avoid selling our bitcoin portfolio at early stage of accumulation when emergencies arises, because unforseen circumstances can make someone to sell his or her Bitcoin investment when they arise, and there is no emergency fund nor back up fund to handle those unforseen circumstances when they occur.

[Cgrexp]

We have to invest in Bitcoin for 10 years to get good profit and that means for 10 years we have to keep on investing in Bitcoin. The ideal thing will be to follow a DCA strategy and invest every week. Now emergency funds come handy once you are in need of money then you won't cash out your Bitcoin but use that emergency funds. The emergency funds helps in preserving your Bitcoin stash for 10 years target and also help you in continuing your Bitcoin investment.

I have a money box where I deposit a certain amount every month as emergency fund or money that I can use in case I ran out of cash. So far that has worked well for me.

Most young and healthy people can easily set a goal for more than 10 years. So they don't need to be too precise, just understand that in the long term Bitcoin is usually going to go up, but many investors don't want to think that far. The point is that once they start building up their Bitcoin holdings, their lives will improve before they reach their savings goals. They worry about the short-term ups and downs, if they really have a long-term mindset, they don't need to worry about the short-term effects and can even enjoy it if the price takes a while to go up. After 1-2 cycles of accumulating Bitcoin, the bias becomes stronger because the savings are so large that they naturally expect it to grow. And after a few years, you have to be patient so that you don't over-worry about what Bitcoin is doing or not doing. As long as the investment thesis is strong, you should save without complaining, otherwise you may get into trouble later for not focusing on consistent savings.

[Ricardo11]

And it is important to prepare an emergency fund to avoid panic selling in any situation. An emergency fund is the strongest protection for long-term investment success. Financial stability is important, and it is essential to have proper management for this. The main purpose of an emergency fund is simply to keep you financially stable in unexpected situations, so that your investments do not suffer any losses. An emergency fund is essential to sustain yourself in case of illness, job loss, or family emergencies.

We have to invest in Bitcoin for 10 years to get good profit and that means for 10 years we have to keep on investing in Bitcoin. The ideal thing will be to follow a DCA strategy and invest every week. Now emergency funds come handy once you are in need of money then you won't cash out your Bitcoin but use that emergency funds. The emergency funds helps in preserving your Bitcoin stash for 10 years target and also help you in continuing your Bitcoin investment.

I have a money box where I deposit a certain amount every month as emergency fund or money that I can use in case I ran out of cash. So far that has worked well for me.

And by creating this on a large scale, you can consider the importance of an emergency fund.
You use it later when you run out of money.
Think about it the same way, when you have a big financial problem, if you don't have such a backup fund, then how will you get the money?
And this will be a reason for you to lose your Bitcoin investment.
Because at that time you don't have money, that is, you will arrange money in any other way, and at that time your attention will go to your Bitcoin holdings.
As a result, you can sell the investment, which will cause you to fail form future success.

[Bigjoe33]

We have to invest in Bitcoin for 10 years to get good profit and that means for 10 years we have to keep on investing in Bitcoin. The ideal thing will be to follow a DCA strategy and invest every week.

You sound as though there is an assurance that if we invest in bitcoin for 10 years, we will make enough profit and be satisfied, or that 10 years investment is the benchmark for Bitcoin investment and is enough for enough profit, nope!
Even though we have a record that Bitcoin would always appreciate in value if we hold for years, we should know that there is no guarantee that if we invest in Bitcoin for 10 years, we will make enough profit as you put it, yet one can still make profit though as Bitcoin price is not steady and is always fluctauting up and down and is not certain.

You might also invest a bit high chunk in buying bitcoin weekly or monthly, but due to the fluctaution of Bitcoin price, the price might keep dipping and you might end up not getting enough BTC in your portfolio. Thus, it is good we leave it at consistent Bitcoin accumulation for long term, 4-10 years and above, as that will he a better investment mentality rather than keeping it at just 10 years of investment

[JayJuanGee]

And it is important to prepare an emergency fund to avoid panic selling in any situation. An emergency fund is the strongest protection for long-term investment success. Financial stability is important, and it is essential to have proper management for this. The main purpose of an emergency fund is simply to keep you financially stable in unexpected situations, so that your investments do not suffer any losses. An emergency fund is essential to sustain yourself in case of illness, job loss, or family emergencies.

We have to invest in Bitcoin for 10 years to get good profit and that means for 10 years we have to keep on investing in Bitcoin. The ideal thing will be to follow a DCA strategy and invest every week. Now emergency funds come handy once you are in need of money then you won't cash out your Bitcoin but use that emergency funds. The emergency funds helps in preserving your Bitcoin stash for 10 years target and also help you in continuing your Bitcoin investment.

I have a money box where I deposit a certain amount every month as emergency fund or money that I can use in case I ran out of cash. So far that has worked well for me.

While a 10-year bitcoin investment is ideal, even if one is able to hold their bitcoin for three to four years, they can still get good returns. I personally wouldn't be believing in holding for 10 straight years when I can take advantage of selling in the bull market and buying back in the bear market and i will do that with some portion of my portfolio.

Most people think that they can get rich overnight when they buy bitcoin and they have no tendency to hold. This is why one should have other regular income and emergency fund with us, so that we never feel the urge to sell out bitcoin to meet out urgent needs.

If your goal is to accumulate bitcoin until you have enough or more than enough, then selling is not a good accumulation strategy since you run the risk that when you sell you will not be able to buy back cheaper, so then you end up 1) taking chances on the BTC price dropping so that you can buy back and 2) putting yourself into a waiting rather than an ongoing buying mindset.

So if your goals are really to try to arrive at an overaccumulation status faster, then it is better that you only buy bitcoin and not sell bitcoin unitl you reach overaccumulation status..

Once you reach overaccumulation status, you have way more options regarding how to manage your bitcoin whether you want to maintain the stash or to sustainably withdraw from your stash.

Of course folks believe that they can accumulate more bitcoin buy selling and buying back, but it seems like a problematic strategy that brings gambling to the investment approach.. which does not seem like a good idea to be gambling with investment funds.

By the way, I doubt that very many folks can get to overaccumulation status in less than a full cycle (4 years) and they might not be able to reach such status in 2 cycles either, yet they have better odds reaching such status, especially if they are focused on ongoing accumulating of bitcoin rather than screwing around with selling and/or waiting strategies.  If it becomes clear that the goal is likely 10 years or more, then it likely is not going to matter if some coins were bought for more and some coins were bought for less, and keeping on buying ensures that the BTC stack is continuing to grow.. which seems to ultimately be the part that allows the measurement of reaching overaccumulation status.  There could well end up being a gap between the time that any folks are accumulating bitcoin and when they start to sell bitcoin. I tend to consider that at 4-10 year or longer timeline for any new purchases will help to assure that folks stay in an investing rather than trading mentality.. even though surely some folks do not see problems with trading, even though it becomes likely that they will end up screwing up the compounding value of their bitcoin by confusing dollar profits and the power of ongoing bitcoin accumulation.

We have to invest in Bitcoin for 10 years to get good profit and that means for 10 years we have to keep on investing in Bitcoin. The ideal thing will be to follow a DCA strategy and invest every week. Now emergency funds come handy once you are in need of money then you won't cash out your Bitcoin but use that emergency funds. The emergency funds helps in preserving your Bitcoin stash for 10 years target and also help you in continuing your Bitcoin investment.

I have a money box where I deposit a certain amount every month as emergency fund or money that I can use in case I ran out of cash. So far that has worked well for me.

Most young and healthy people can easily set a goal for more than 10 years. So they don't need to be too precise, just understand that in the long term Bitcoin is usually going to go up, but many investors don't want to think that far. The point is that once they start building up their Bitcoin holdings, their lives will improve before they reach their savings goals. They worry about the short-term ups and downs, if they really have a long-term mindset, they don't need to worry about the short-term effects and can even enjoy it if the price takes a while to go up. After 1-2 cycles of accumulating Bitcoin, the bias becomes stronger because the savings are so large that they naturally expect it to grow. And after a few years, you have to be patient so that you don't over-worry about what Bitcoin is doing or not doing. As long as the investment thesis is strong, you should save without complaining, otherwise you may get into trouble later for not focusing on consistent savings.

You are correct.  When we get to be 8-10 years or further in the future, then when we are trying to assess what we did or what we did not do, we do not have any ability to go back and to redo what we had chosen to do.

Let's say that we came up with a straightforward plan that we were going to invest $100 per week into bitcoin, and so then we look back at the years, and we see that there were times in the beginning that we were following the plan and investing $100 per week into bitcoin, and there were other weeks that we were investing way less and other weeks that we invested none.   Even if we made various mistakes along the way, maybe we still ended up doing o.k.. in the event that we were mostly persistent and consistent with our bitcoin investment.  On the other hand, if we look back and we were extremely negligent and we even abandoned our investment at various points, we will still have to live with the consequences of our decisions and the actions we chose to take based on our decisions.

And it is important to prepare an emergency fund to avoid panic selling in any situation. An emergency fund is the strongest protection for long-term investment success. Financial stability is important, and it is essential to have proper management for this. The main purpose of an emergency fund is simply to keep you financially stable in unexpected situations, so that your investments do not suffer any losses. An emergency fund is essential to sustain yourself in case of illness, job loss, or family emergencies.

We have to invest in Bitcoin for 10 years to get good profit and that means for 10 years we have to keep on investing in Bitcoin. The ideal thing will be to follow a DCA strategy and invest every week. Now emergency funds come handy once you are in need of money then you won't cash out your Bitcoin but use that emergency funds. The emergency funds helps in preserving your Bitcoin stash for 10 years target and also help you in continuing your Bitcoin investment.

I have a money box where I deposit a certain amount every month as emergency fund or money that I can use in case I ran out of cash. So far that has worked well for me.

And by creating this on a large scale, you can consider the importance of an emergency fund.
You use it later when you run out of money.
Think about it the same way, when you have a big financial problem, if you don't have such a backup fund, then how will you get the money?
And this will be a reason for you to lose your Bitcoin investment.
Because at that time you don't have money, that is, you will arrange money in any other way, and at that time your attention will go to your Bitcoin holdings.
As a result, you can sell the investment, which will cause you to fail form future success.

Surely there are folks who invest into bitcoin and then they end up having to sell some or all of their bitcoin because they come across some life events that required money, and so maybe they get started building back their bitcoin investment and maybe other times they get psychologically distracted away from investing in bitcoin because they might become frustrated based on their own past actions.

It can cause a lot of frustration if we do not have sufficient back up funds when we have increases in our expenses and/or decreases in our income, and frequently it can be challenging to make up for our investment-related mistakes - which perhaps is part of the justification to try to put systems and practices in place that provide sufficient cushions to cover our mistakes when they happen so that we do not get frustrated out of doing what we should be doing to buttress our financial future.

We have to invest in Bitcoin for 10 years to get good profit and that means for 10 years we have to keep on investing in Bitcoin. The ideal thing will be to follow a DCA strategy and invest every week.

You sound as though there is an assurance that if we invest in bitcoin for 10 years, we will make enough profit and be satisfied, or that 10 years investment is the benchmark for Bitcoin investment and is enough for enough profit, nope!
Even though we have a record that Bitcoin would always appreciate in value if we hold for years, we should know that there is no guarantee that if we invest in Bitcoin for 10 years, we will make enough profit as you put it, yet one can still make profit though as Bitcoin price is not steady and is always fluctauting up and down and is not certain.

You might also invest a bit high chunk in buying bitcoin weekly or monthly, but due to the fluctaution of Bitcoin price, the price might keep dipping and you might end up not getting enough BTC in your portfolio. Thus, it is good we leave it at consistent Bitcoin accumulation for long term, 4-10 years and above, as that will he a better investment mentality rather than keeping it at just 10 years of investment

Of course, there is no guarantee, so we do the best that we can and we likely consider 4-10 years or more for any new value that we put into bitcoin, and we continue to stack our bitcoin and to buttress up our cashflow management systems/practices in a way that we are controlling the items within our control and from time to time making certain measurements and assessments to figure out if there are areas we might need to learn or to tweak in our systems/practices.

Perhaps we will be rewarded for organizing ourselves and following good practices, yet we realize that even if we do everything perfectly, there are still things that could go wrong, so we are not guaranteed results, especially 10 years or more into the future.

[Sobz]

Indeed, Bitcoin investment can be an opportunity for anyone, including those with unstable incomes. But you have to remember that their investment will at some point be disturbed by pressure or the harshness of the life he lives, an investment like this seems like a waste.

Bitcoin investment is never for those with unstable income.  Bitcoin investment requires stable income and this is where you can also have discretionary income,  without stable income it is impossible to have or even if you do since the income is not stable and after you might have finished spending your discretionary fund and waiting for the next income, the next place to get money to survive can be your Bitcoin investment,  and all what you have struggled to accumulate can end up being nothing.

[Silikiem]

Indeed, Bitcoin investment can be an opportunity for anyone, including those with unstable incomes. But you have to remember that their investment will at some point be disturbed by pressure or the harshness of the life he lives, an investment like this seems like a waste.

Bitcoin investment is never for those with unstable income.  Bitcoin investment requires stable income and this is where you can also have discretionary income,  without stable income it is impossible to have or even if you do since the income is not stable and after you might have finished spending your discretionary fund and waiting for the next income, the next place to get money to survive can be your Bitcoin investment,  and all what you have struggled to accumulate can end up being nothing.

I disagree with this very bold statement of yours because it could be misleading the newbies who are desirous to invest in bitcoin into believing that they must first have a stable income before they can invest in bitcoin, meanwhile with just a discretionary income they can be able to get started with accumulating bitcoin and hold gradually for the long term goal. Of a truth, having this stable income will further enhance their chances of always figuring out a discretionary income to invest in bitcoin but that doesn’t mean those who don’t have a stable income yet can’t start investing in bitcoin because all that is needed is just a discretionary income to use and accumulate bitcoin especially with the use of the DCA method where they can be able to accumulate and invest in bitcoin either on a weekly or monthly basis depending on how their income flows. Along the line, even if their level of income isn’t that stable yet, they can be figuring out ways to improve their income while still in their ongoing bitcoin accumulation.

And don’t also forget that there are so many people who have a stable income but they are unable to figure out a discretionary income to use and accumulate bitcoin due to so many reasons which I believe it all boils down to poor financial management skills or decisions. While there are those with unstable income who are still able to from time to time figure out a discretionary income to use and accumulate bitcoin. So, not having a stable income is not a barrier for not investing in bitcoin, bitcoin is for everyone who have a discretionary income to use and invest.

[Zackz5000]

Indeed, Bitcoin investment can be an opportunity for anyone, including those with unstable incomes. But you have to remember that their investment will at some point be disturbed by pressure or the harshness of the life he lives, an investment like this seems like a waste.

Bitcoin investment is never for those with unstable income.  Bitcoin investment requires stable income and this is where you can also have discretionary income,  without stable income it is impossible to have or even if you do since the income is not stable and after you might have finished spending your discretionary fund and waiting for the next income, the next place to get money to survive can be your Bitcoin investment,  and all what you have struggled to accumulate can end up being nothing.

Investing in Bitcoin doesn't require you have a stable source of income if you can figure out if you have a discretionary income then you are free to get started with your Bitcoin investment or don't you know that low income earners are still accumulating Bitcoin? If you have confirm that you have money you won't be needing in a long time or even if you loss it you can let it go with out it affecting you in any way, with the DCA strategy you can be accumulating as little as you can either every weeks or months and hodl for long.

[Proty]

Indeed, Bitcoin investment can be an opportunity for anyone, including those with unstable incomes. But you have to remember that their investment will at some point be disturbed by pressure or the harshness of the life he lives, an investment like this seems like a waste.

Bitcoin investment is never for those with unstable income.  Bitcoin investment requires stable income and this is where you can also have discretionary income,  without stable income it is impossible to have or even if you do since the income is not stable and after you might have finished spending your discretionary fund and waiting for the next income, the next place to get money to survive can be your Bitcoin investment,  and all what you have struggled to accumulate can end up being nothing.

Investing in Bitcoin doesn't require you have a stable source of income if you can figure out if you have a discretionary income then you are free to get started with your Bitcoin investment or don't you know that low income earners are still accumulating Bitcoin? If you have confirm that you have money you won't be needing in a long time or even if you loss it you can let it go with out it affecting you in any way, with the DCA strategy you can be accumulating as little as you can either every weeks or months and hodl for long.

Not having a steady source of income doesn't stop anyone from investing in bitcoin. We can buy bitcoin using discretionary income. Yes low income earner isn't left out of buying bitcoin they can be doing this using discretionary income and we don't necessarily need to doing DCA weekly, monthly or on daily basis. It should be whenever the discretionary income is available whether it is stable or not. We can also work towards stabilising our source of income by having a good financial management.

[Derekfunds]

Indeed, Bitcoin investment can be an opportunity for anyone, including those with unstable incomes. But you have to remember that their investment will at some point be disturbed by pressure or the harshness of the life he lives, an investment like this seems like a waste.

Bitcoin investment is never for those with unstable income.  Bitcoin investment requires stable income and this is where you can also have discretionary income,  without stable income it is impossible to have or even if you do since the income is not stable and after you might have finished spending your discretionary fund and waiting for the next income, the next place to get money to survive can be your Bitcoin investment,  and all what you have struggled to accumulate can end up being nothing.

With this your mindset and mentality, you will hardly invest in Bitcoin because you will always want your money or your source of income to be so big or huge before you can start your investment but I want to tell you for free that it is not true and that is not how Bitcoin works, you don't need a stable source of income before you can start investing in Bitcoin. This particular issue has been taken care of since in this thread Maybe you didn't go through some of the post here and if you take your time and go through it I promise you will learn a lot and perhaps, put off this your mentality because it won't help you and it is not true.

[I_Anime]

Indeed, Bitcoin investment can be an opportunity for anyone, including those with unstable incomes. But you have to remember that their investment will at some point be disturbed by pressure or the harshness of the life he lives, an investment like this seems like a waste.

Bitcoin investment is never for those with unstable income.  Bitcoin investment requires stable income and this is where you can also have discretionary income,  without stable income it is impossible to have or even if you do since the income is not stable and after you might have finished spending your discretionary fund and waiting for the next income, the next place to get money to survive can be your Bitcoin investment,  and all what you have struggled to accumulate can end up being nothing.

Investing in Bitcoin doesn't require you have a stable source of income if you can figure out if you have a discretionary income then you are free to get started with your Bitcoin investment or don't you know that low income earners are still accumulating Bitcoin? If you have confirm that you have money you won't be needing in a long time or even if you loss it you can let it go with out it affecting you in any way, with the DCA strategy you can be accumulating as little as you can either every weeks or months and hodl for long.

Not having a steady source of income doesn't stop anyone from investing in bitcoin. We can buy bitcoin using discretionary income. Yes low income earner isn't left out of buying bitcoin they can be doing this using discretionary income and we don't necessarily need to doing DCA weekly, monthly or on daily basis. It should be whenever the discretionary income is available whether it is stable or not. We can also work towards stabilising our source of income by having a good financial management.

Is actually simple as a low earner you can still invest in bitcoin , Aslong you know how plan properly like knowing how to reduce expenditure and focus on only things that matters .

For instance there’s a folk called Mr A , his a monthly Salary earner (but is a low earner) , and same time his interested in bitcoin.

Mr A pay is - $500 for instance

Mr A spend $350 on expenses, due to the fact he had to reduce is expenses focusing mainly on things he need alone like , electricity, food , clothing etc.  neglecting his want for now , (supposedly his total expenses is $400 but due to reducing his expenses was able to save $350) , now leaving $150 as his discretionary amount , so he can choose to break that $150 down with percentage for both accumulation and emergency purposes , maybe after sorting everything he was left with $50 for his investment, so that would be his accumulation amount for now. Which may lead to slow investment growth and stuff .

[JayJuanGee]

Indeed, Bitcoin investment can be an opportunity for anyone, including those with unstable incomes. But you have to remember that their investment will at some point be disturbed by pressure or the harshness of the life he lives, an investment like this seems like a waste.

Bitcoin investment is never for those with unstable income.  Bitcoin investment requires stable income and this is where you can also have discretionary income,  without stable income it is impossible to have or even if you do since the income is not stable and after you might have finished spending your discretionary fund and waiting for the next income, the next place to get money to survive can be your Bitcoin investment,  and all what you have struggled to accumulate can end up being nothing.

You make a lot of assumptions if you are proclaiming that stable income is needed prior to getting started investing into bitcoin.   You do not need stable income to get started investing in bitcoin. All you need is discretionary funds.

There is a difference between getting started and maintaining your bitcoin investment.

Investing it 4-10 years or longer, and if your plan is to get in and out of bitcoin in less than 4 years, then you are likely trading rather than investing.

Accordingly, if you want to continue to invest for 4-10 years or longer, then you have to have ways to pay for your living expenses so that you can hold whatever bitcoin that you bought, so in some sense you are correct about a need to continue to earn money to pay for expenses, otherwise bitcoin would need to be used to pay expenses.

Your post fails to account for the difference between getting started investing in bitcoin versus maintaining investing into bitcoin.  You seem to be presuming them to be the same, as if you have to have your whole expenses for the next 4-10 years figured out before you can start buying bitcoin. 

Actually in order to start investing in bitcoin all you need is $10.  Perhaps you were going to buy a pack of cigarettes with your $10. It is not like you needed the cigarettes, so if you reallocate that $10 into bitcoin, then perhaps you have a better chance with that in 4-10 years or longer than you would have had to have smoked the $10.

Do you think that you need a stable income for the next 4-10 years or longer in order to buy a $10 pack of cigarettes?  Why would there be a difference with money put into bitcoin as compared to discretionary consumption goods?  There are other examples of ways that people spend their money without having assurance in regards to the stability of their income in the coming 4-10 years, and if they plan to continue to live for the next 4-10 years, they are likely anticipating that they are going to earn an income in the next 4-10 years and beyond, and they don't have their income all guaranteed prior to their spending money on consumption goods, especially the discretionary consumption goods.