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Kelward
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April 04, 2026, 10:41:52 AM |
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The reason you don't have to be stable financially or have a stable income first before investing in Bitcoin is that, it's not what is required before you can invest in Bitcoin and be successful, because it's not a guarantee that anyone can invest in Bitcoin and be successful with it. Do you know that you might have a stable income and is unable to figure out your discretionary income to invest with? Since it might be too small, so what is more important for every bitcoin investor is your discretionary income and your source of discretionary income, because without having a discretionary income to invest with, you can never be successful with your bitcoin investment,since it's what helps you to invest and accumulate consistently.
Having discretionary income alone doesn’t guarantee success ,there are many other factors that can determine how successful a person can be in bitcoin investment but many folks are focused on having discretionary income alone without considering that discipline and emotional control play a big part in a person’s success in bitcoin investment, you need to understand that having discretionary income alone is not enough because you can have it and still make mistakes ,discretionary income only helps you stay consistent in sustaining a long term healthy investment mindset but it doesn’t stop people from making bad decisions or exhibiting bad behavior in the investment journey. Firstly and most importantly you need a stable income to succeed as a long term Bitcoin investor because you need steady money to accumulate continuously in your DCA strategy. Secondly your stable income should afford you a discretionary fund so that you won't have to sell prematurely when life happens because emergencies doesn't give us notice. Knowledge of proper financial management is important to succeed in your long term accumulation plan, if you fail to plan your finances to know whether you are financially capable to do long term investment then you have planned to fail.
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landheer
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April 04, 2026, 11:31:54 AM |
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You are very correct, wealth will not grow if wealthy people don't spread their tentacles I means invest in valuable assets, once the habit of spending surpass that of investment, wealth drops drastically and if care is not taking, such can lead to debt, if we look at those that are rich in the world today, they did not stop investment, they did not just fold their hand to start spending from the wealth they have. Acquired rather they go for more investment, they buy good asset and turn into something different, but all of this, is about the mindset, I do not think that any rich person will want to go broke that is why it seems like there is competition between wealthy people, they never get satisfied not because they are greedy but because they actually do not want to slide.
Yes, it's true that rich people appear greedy, but they're not actually greedy. They continue to develop their economy because if wealth isn't developed or invested, it will quickly run out, especially now that inflation is always increasing. Investing in good assets, such as Bitcoin, is a brilliant idea, as long as you're prepared to take the risks and only put money you can afford to lose in BTC. Investing in BTC and investing in other valuable assets, in my opinion, is a good decision. That's why rich people sometimes get richer because of their large capital and increasing income. But certainly, if we're starting to build wealth, if we combine it with investment, it's a wise decision, right?
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Promocodeudo
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April 04, 2026, 11:46:27 AM Merited by JayJuanGee (1) |
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Firstly and most importantly you need a stable income to succeed as a long term Bitcoin investor because you need steady money to accumulate continuously in your DCA strategy. Secondly your stable income should afford you a discretionary fund so that you won't have to sell prematurely when life happens because emergencies doesn't give us notice. Knowledge of proper financial management is important to succeed in your long term accumulation plan, if you fail to plan your finances to know whether you are financially capable to do long term investment then you have planned to fail.
So you're you're trying to tell us that that we don't longer need discreationary income to invest in Bitcoin, it now steady income, as much as I understand what you're trying to say, I want to also make it clear to you that that first and foremost what is required of any Bitcoin investor to invest with is their discreationary income. Talking about stable incoome, are you advising that if anyone doesn't have stable income they shouldn't start investing in Bitcoin? For me I think the first thing for every investment is to have somewhere cash is coming from, it might not be Steady or stable source at first, we can continue from their and continue to look for source that will continue to make funds available for us to get our discreationary income form and my be as we continue our income might be stable, your stated the importance of stable income, stable income is very helpful in Bitcoin investment but for a start it is not a must that's my point.
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SuperBitMan
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April 04, 2026, 11:51:45 AM |
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The reason you don't have to be stable financially or have a stable income first before investing in Bitcoin is that, it's not what is required before you can invest in Bitcoin and be successful, because it's not a guarantee that anyone can invest in Bitcoin and be successful with it. Do you know that you might have a stable income and is unable to figure out your discretionary income to invest with? Since it might be too small, so what is more important for every bitcoin investor is your discretionary income and your source of discretionary income, because without having a discretionary income to invest with, you can never be successful with your bitcoin investment,since it's what helps you to invest and accumulate consistently.
Having discretionary income alone doesn’t guarantee success ,there are many other factors that can determine how successful a person can be in bitcoin investment but many folks are focused on having discretionary income alone without considering that discipline and emotional control play a big part in a person’s success in bitcoin investment, you need to understand that having discretionary income alone is not enough because you can have it and still make mistakes ,discretionary income only helps you stay consistent in sustaining a long term healthy investment mindset but it doesn’t stop people from making bad decisions or exhibiting bad behavior in the investment journey. Firstly and most importantly you need a stable income to succeed as a long term Bitcoin investor because you need steady money to accumulate continuously in your DCA strategy. Secondly your stable income should afford you a discretionary fund so that you won't have to sell prematurely when life happens because emergencies doesn't give us notice. Knowledge of proper financial management is important to succeed in your long term accumulation plan, if you fail to plan your finances to know whether you are financially capable to do long term investment then you have planned to fail. All you have said is correct if you want to succeed very well in your bitcoin investment you need to have a steady or a stable income however, when you don’t have a steady income, you can still invest in bitcoin but the chance of you succeeding and holding your bitcoin for a very long time is 50-50, reason why I’m saying this is that there was a time I had issue with my job and because of that I was not having a steady income anymore but when ever I get money from my hustle I use a little part to accumulate bitcoin and I did this for a year and I didn’t dip my hands into my bitcoin, I will say God was faithful he was always connecting me with people that will help me. So you can actually invest in Bitcoin without having steady income but you must be determined to change things and get a job so it won’t last for too long, because without a job you can’t have a backup funds and you will surely dip hands into your bitcoin as time goes on.
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Hardyrobust
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April 04, 2026, 12:36:38 PM Merited by JayJuanGee (1) |
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The reason you don't have to be stable financially or have a stable income first before investing in Bitcoin is that, it's not what is required before you can invest in Bitcoin and be successful, because it's not a guarantee that anyone can invest in Bitcoin and be successful with it. Do you know that you might have a stable income and is unable to figure out your discretionary income to invest with? Since it might be too small, so what is more important for every bitcoin investor is your discretionary income and your source of discretionary income, because without having a discretionary income to invest with, you can never be successful with your bitcoin investment,since it's what helps you to invest and accumulate consistently.
Having discretionary income alone doesn’t guarantee success ,there are many other factors that can determine how successful a person can be in bitcoin investment but many folks are focused on having discretionary income alone without considering that discipline and emotional control play a big part in a person’s success in bitcoin investment, you need to understand that having discretionary income alone is not enough because you can have it and still make mistakes ,discretionary income only helps you stay consistent in sustaining a long term healthy investment mindset but it doesn’t stop people from making bad decisions or exhibiting bad behavior in the investment journey. Firstly and most importantly you need a stable income to succeed as a long term Bitcoin investor because you need steady money to accumulate continuously in your DCA strategy. Secondly your stable income should afford you a discretionary fund so that you won't have to sell prematurely when life happens because emergencies doesn't give us notice. Knowledge of proper financial management is important to succeed in your long term accumulation plan, if you fail to plan your finances to know whether you are financially capable to do long term investment then you have planned to fail. All you have said is correct if you want to succeed very well in your bitcoin investment you need to have a steady or a stable income however, when you don’t have a steady income, you can still invest in bitcoin but the chance of you succeeding and holding your bitcoin for a very long time is 50-50, reason why I’m saying this is that there was a time I had issue with my job and because of that I was not having a steady income anymore but when ever I get money from my hustle I use a little part to accumulate bitcoin and I did this for a year and I didn’t dip my hands into my bitcoin, I will say God was faithful he was always connecting me with people that will help me. So you can actually invest in Bitcoin without having steady income but you must be determined to change things and get a job so it won’t last for too long, because without a job you can’t have a backup funds and you will surely dip hands into your bitcoin as time goes on. Not having a Stable source of income shouldn't stop anyone from starting to accumulate bitcoin because it is possible to start accumulating bitcoin even without a stable source of income provided the discretionionary income is available to do so. Therefore, the most important thing is having a discretionionary income to invest with. An investor can be accumulating bitcoin and work towards stablisng there source of income
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Cossyblack
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April 04, 2026, 01:50:08 PM Merited by JayJuanGee (1) |
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Firstly and most importantly you need a stable income to succeed as a long term Bitcoin investor because you need steady money to accumulate continuously in your DCA strategy. Secondly your stable income should afford you a discretionary fund so that you won't have to sell prematurely when life happens because emergencies doesn't give us notice. Knowledge of proper financial management is important to succeed in your long term accumulation plan, if you fail to plan your finances to know whether you are financially capable to do long term investment then you have planned to fail.
It is not a must that we must start a bitcoin investment with a steady source income.. an investor can start small small provided it what they can afford to lose and as time goes on, they can work on securing a reliable source of income. Are you saying investor who do not have a steady source of wouldn't be successful in their accumulation? It isn't necessary investors must be consistent in their accumulation,they could always accumulate bitcoin when they have discretionary income available and paused when they don't have. bitcoin investment is a long-term plan, so investors do not need to panic if their current income can't produce discretional income at the moment, bitcoin accumulation isn't a competition they have time to create multiple sources of incomes, whch would make it easy to produce discretionary income.
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GIF-JOBS
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April 04, 2026, 03:29:28 PM |
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The reason you don't have to be stable financially or have a stable income first before investing in Bitcoin is that, it's not what is required before you can invest in Bitcoin and be successful, because it's not a guarantee that anyone can invest in Bitcoin and be successful with it. Do you know that you might have a stable income and is unable to figure out your discretionary income to invest with? Since it might be too small, so what is more important for every bitcoin investor is your discretionary income and your source of discretionary income, because without having a discretionary income to invest with, you can never be successful with your bitcoin investment,since it's what helps you to invest and accumulate consistently.
Having discretionary income alone doesn’t guarantee success ,there are many other factors that can determine how successful a person can be in bitcoin investment but many folks are focused on having discretionary income alone without considering that discipline and emotional control play a big part in a person’s success in bitcoin investment, you need to understand that having discretionary income alone is not enough because you can have it and still make mistakes ,discretionary income only helps you stay consistent in sustaining a long term healthy investment mindset but it doesn’t stop people from making bad decisions or exhibiting bad behavior in the investment journey. Firstly and most importantly you need a stable income to succeed as a long term Bitcoin investor because you need steady money to accumulate continuously in your DCA strategy. Secondly your stable income should afford you a discretionary fund so that you won't have to sell prematurely when life happens because emergencies doesn't give us notice. Knowledge of proper financial management is important to succeed in your long term accumulation plan, if you fail to plan your finances to know whether you are financially capable to do long term investment then you have planned to fail. If we want to get effective results in Bitcoin investment, we have to stick to it stably, and to ensure this stability, we need to have a stable source of income. It is almost impossible to maintain the DCA strategy without stable income, because we have to keep buying continuously in any situation, in this case if we are not financially capable, then it is not possible. That is why we have to be very careful in terms of financial matters, we also have to be aware of emergency funds, because we do not know when unexpected situations will come, but we always have to be financially capable to deal with the situation. So we have to have a proper plan, we have to pay attention to many aspects here, but we should start from a very small amount first, after starting, and then everything has to be built.
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Grace333
Full Member
 
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April 04, 2026, 04:17:39 PM |
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Firstly and most importantly you need a stable income to succeed as a long term Bitcoin investor because you need steady money to accumulate continuously in your DCA strategy. Secondly your stable income should afford you a discretionary fund so that you won't have to sell prematurely when life happens because emergencies doesn't give us notice. Knowledge of proper financial management is important to succeed in your long term accumulation plan, if you fail to plan your finances to know whether you are financially capable to do long term investment then you have planned to fail.
The most important thing that we need to get started or succeed in long term bitcoin investment is discretionary income irrespective of wether you get it from a stable source of income or a floating source income. Having a stable source of income doesn't guarantee that you have a discretionary income to invest. For example, a folk can have a steady paying job probably on a monthly basis but still not enough to settle his basic needs like feeding, children school fees, house rent... but if you have discretionary income irrespective of how small it is you can invest in bitcoin with it without having to feel like you're over doing it.
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ChocolateBitcoinK
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April 04, 2026, 06:13:47 PM |
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Rich people will stay rich forever if their wealth is growing faster than they are spending it.
if we look at those that are rich in the world today, they did not stop investment, they did not just fold their hand to start spending from the wealth they have. Acquired rather they go for more investment, they buy good asset and turn into something different, but all of this, is about the mindset, I do not think that any rich person will want to go broke that is why it seems like there is competition between wealthy people, they never get satisfied not because they are greedy but because they actually do not want to slide. You might be wrong when you said rich people don't get satisfied, I agree with you when you said that rich people don't fold their hands to start spending from the wealth they have, Of course they also look for a way to maintain a steady income so that to enable them maintain that standard they are already used to. And even if I happens to be a rich man today I will try to build a steady source of income, for the fact that I'm doing that doesn't mean I'm competing with anyone rather it is just me trying to maintain my standard of living it is only a greedy person that will be trying to make all the whole money in the world before they will be satisfied. Being rich is not about relaxing, it's about staying active with your money, most rich people.keep.investing because they realize that money can shrink if it is not growing. It not really about greed it is about maintaining their level and avoiding going backwards. Rich people keeps getting rich because they understand the importance of investment and do not miss any opportunity that comes their way, they are always taking long-term risk, diversifying their incomes and reinvest their profits which they get from their other investment or any investment they are into and allows their wealth to generate more wealth and they keep growing . That's right, the rich keep getting richer, and the biggest reason for this is that the biggest difference between the rich and ordinary people is not in income, but in thinking. Rich people think about how to make more money with money before spending money, but on the other side most people go towards spending as soon as they get money. The rich have an investment mentality, so they take all types of investments seriously and consider them, and try to manage them as effectively as possible, even if they get negative results from it at first, they still think about managing it more effectively later, that is, they try to manage the investment better. But in the case of a poor person, they have a lot of emotions and panic, due to which they cannot be as stable as the rich in any case. That is why in any investment, you have to first create your own mentality, there will be risks, but in the meantime, we have to find out the possibility of success, then we will have good success.
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fadhilz123
Sr. Member
  
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NO KYC Crypto Exchange
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April 04, 2026, 06:57:59 PM |
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Not having a Stable source of income shouldn't stop anyone from starting to accumulate bitcoin because it is possible to start accumulating bitcoin even without a stable source of income provided the discretionionary income is available to do so. Therefore, the most important thing is having a discretionionary income to invest with. An investor can be accumulating bitcoin and work towards stablisng there source of income
Investors who don't have a stable source of income will find it difficult to maintain their investments long-term. If they experience financial difficulties, they will likely sacrifice their existing investments. Therefore, every investor is strongly advised to have a stable income to maintain their existing investments and increase their own investments over time. This is not only about being able to spend with the money, but also about holding it for a long period of time once the money is used to spend Bitcoin as an investment.
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Jewan420
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April 04, 2026, 07:23:38 PM |
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Investors who don't have a stable source of income will find it difficult to maintain their investments long-term. If they experience financial difficulties, they will likely sacrifice their existing investments. Therefore, every investor is strongly advised to have a stable income to maintain their existing investments and increase their own investments over time. This is not only about being able to spend with the money, but also about holding it for a long period of time once the money is used to spend Bitcoin as an investment.
Among the diverse professions, there are many people in our society who do not have a stable source of income, yet they are able to invest. A businessman, a worker whose workplace changes regularly, a passenger car owner and some other people of various professions whose source of income is not stable. Yet they can be qualified people to invest and maintain investment. The stability of income does not bear the financial capacity of a person, rather, the financial capacity depends on the prudence of his source of income. Suppose a stable earner, for whom it becomes difficult to keep prudent money from his income or it is difficult to separate prudent money, will it be easy for him to maintain investment? Another person whose source of income is not stable, but prudent, may not find it difficult to maintain investment. It should not be forgotten that it is possible to earn a huge amount even in unstable sources of income, the stability of income does not guarantee prudence. Therefore, a stable source of income is not mandatory to maintain investments.
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PhilosopherKing
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April 04, 2026, 07:43:56 PM |
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Therefore, a stable source of income is not mandatory to maintain investments.
Why do you lot keep decieving yourselves huh? What even made you say that stable income is not mandatory to maintain a investment. For a investment to be maintained a investor have to be investing ongoingly and also have emergency money that can be used to safe guard the investment. From where do you plan to having emergency money and to invest ongoingly for long when there is no stable income. Abi do you think that investment is a one time something
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ejikeme24
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April 04, 2026, 08:19:43 PM Last edit: April 04, 2026, 09:17:34 PM by ejikeme24 |
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Sir, your valuable words about investing in Bitcoin always inspire me. But I would have benefited more if you explained a little why you don't have to be financially secure to invest in Bitcoin. Because wouldn't adopting a disciplined approach to Bitcoin bring us good results? I know that investing in Bitcoin does not require much knowledge or being an expert in the subject, but if we are not financially stable or do not have a clear idea about our spending, savings and risk taking ability then investing will become a risky business for us. Please forgive me if my words are wrong. The reason you don't have to be stable financially or have a stable income first before investing in Bitcoin is that, it's not what is required before you can invest in Bitcoin and be successful, because it's not a guarantee that anyone can invest in Bitcoin and be successful with it. Do you know that you might have a stable income and is unable to figure out your discretionary income to invest with? Since it might be too small, so what is more important for every bitcoin investor is your discretionary income and your source of discretionary income, because without having a discretionary income to invest with, you can never be successful with your bitcoin investment, since it's what helps you to invest and accumulate consistently. do you mind sharing a prove of where it is stated that having a stable source of income is not required before you can invest in bitcoin? I know surely bitcoin investment is not guaranteed, yet we still need to have a steady cash flow to enable us Stick to our investment method, it's just like those who are DcAing. This set of investors need a stable income to enable them maintain the ongoing buying of bitcoin because the DCA strategy is done weekly or monthly depending on how guys chose to go about it, now just imagine if guys does not have a stable or steady cash flow did you think they can be able to maintain their routine buying of bitcoin? Not waiting to get a steady source of income or a stable source of income before getting started is just a personal suggestion especially for those who might want to start with the little discretionary income they have got or Those who are curious to invest but as for those guys that doesn't want to make a hasty move of course they have every right to wait until they figure out the things they want before getting started, it's just a personal decision.
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Nwadiche
Member

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April 04, 2026, 08:39:57 PM |
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Firstly and most importantly you need a stable income to succeed as a long term Bitcoin investor because you need steady money to accumulate continuously in your DCA strategy. Secondly your stable income should afford you a discretionary fund so that you won't have to sell prematurely when life happens because emergencies doesn't give us notice. Knowledge of proper financial management is important to succeed in your long term accumulation plan, if you fail to plan your finances to know whether you are financially capable to do long term investment then you have planned to fail.
The most important thing that we need to get started or succeed in long term bitcoin investment is discretionary income irrespective of wether you get it from a stable source of income or a floating source income. Having a stable source of income doesn't guarantee that you have a discretionary income to invest. For example, a folk can have a steady paying job probably on a monthly basis but still not enough to settle his basic needs like feeding, children school fees, house rent... but if you have discretionary income irrespective of how small it is you can invest in bitcoin with it without having to feel like you're over doing it. Do you know that the discretionary income is the money left after all necessary bills are been paid ? So if your job can’t be enough to feed , pay bills and school fees , where is the discretionary income coming from ? Most people panic and sell their Bitcoin because of this kind of situation, it’s best you have a stable income or something that generates money for you to at least pay for your essential bills, save up for emergency then use your discretionary income to invest in your accumulation journey , this is the best approach towards accumulating your Bitcoin investment.
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Gallar
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April 04, 2026, 09:01:13 PM |
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You might be wrong when you said rich people don't get satisfied, I agree with you when you said that rich people don't fold their hands to start spending from the wealth they have, Of course they also look for a way to maintain a steady income so that to enable them maintain that standard they are already used to. And even if I happens to be a rich man today I will try to build a steady source of income, for the fact that I'm doing that doesn't mean I'm competing with anyone rather it is just me trying to maintain my standard of living it is only a greedy person that will be trying to make all the whole money in the world before they will be satisfied.
Yes, the point is, we must be able to distinguish between greedy people and those who are simply trying their best to maintain a comfortable life. Because the two are clearly different things. Because hardworking people aren't necessarily greedy, so the point is, we shouldn't misunderstand things like this. Because, fundamentally, hard work is a form of gratitude to God for giving us health and the ability to do something. So, we must be able to think beyond that. Because currently, investing in Bitcoin doesn't mean I'm greedy or that I don't feel satisfied with what I have. But I view it as a form of obligation,, because I must protect my family through this method (investing). So,, in essence, it's an expression of gratitude and an effort to further develop the resources I currently have. So, that's my conclusion.
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Silikiem
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April 04, 2026, 09:03:20 PM |
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Therefore, a stable source of income is not mandatory to maintain investments.
Why do you lot keep decieving yourselves huh? What even made you say that stable income is not mandatory to maintain a investment. For a investment to be maintained a investor have to be investing ongoingly and also have emergency money that can be used to safe guard the investment. From where do you plan to having emergency money and to invest ongoingly for long when there is no stable income. Abi do you think that investment is a one time something For sure, to keep investing and maintaining our investment, folks will definitely be needing a flowing or stable income source where hence they can be figuring out a discretionary income to use for their regular buying. But that is not to say that folks who doesn’t have a steady income can’t invest In bitcoin as they can be buying whenever they are able to get a discretionary income. Since folks only need a discretionary income to use for bitcoin accumulation and not really a steady income. It is only a situation whereby an individual is struggling to take care of his basic needs then such person will find it difficult to invest in bitcoin as a matter of fact it is wise not to invest In bitcoin under such conditions. Since the discretionary income is what to use for bitcoin investment hence folks can decide how much to allocate for buying bitcoin and how much for emergency funds
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Grease5000
Jr. Member
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Activity: 72
Merit: 7
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April 04, 2026, 09:18:32 PM |
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The reason you don't have to be stable financially or have a stable income first before investing in Bitcoin is that, it's not what is required before you can invest in Bitcoin and be successful, because it's not a guarantee that anyone can invest in Bitcoin and be successful with it. Do you know that you might have a stable income and is unable to figure out your discretionary income to invest with? Since it might be too small, so what is more important for every bitcoin investor is your discretionary income and your source of discretionary income, because without having a discretionary income to invest with, you can never be successful with your bitcoin investment,since it's what helps you to invest and accumulate consistently.
Having discretionary income alone doesn’t guarantee success ,there are many other factors that can determine how successful a person can be in bitcoin investment but many folks are focused on having discretionary income alone without considering that discipline and emotional control play a big part in a person’s success in bitcoin investment, you need to understand that having discretionary income alone is not enough because you can have it and still make mistakes ,discretionary income only helps you stay consistent in sustaining a long term healthy investment mindset but it doesn’t stop people from making bad decisions or exhibiting bad behavior in the investment journey. Firstly and most importantly you need a stable income to succeed as a long term Bitcoin investor because you need steady money to accumulate continuously in your DCA strategy. Secondly your stable income should afford you a discretionary fund so that you won't have to sell prematurely when life happens because emergencies doesn't give us notice. Knowledge of proper financial management is important to succeed in your long term accumulation plan, if you fail to plan your finances to know whether you are financially capable to do long term investment then you have planned to fail. I do agree to your opinion because there are most people who have a stable income but still find it hard to invest in Bitcoin because they lack the basic knowledge,.directive on how to go about investing in Bitcoin. One can have but still don't know how to separate discre income from money meant for regular bill payment. And may be confused on which strategies to use to buy bitcoin.
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Decimetre
Member

Offline
Activity: 84
Merit: 18
Bitcoin has come to stay
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April 04, 2026, 09:36:27 PM |
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The reason you don't have to be stable financially or have a stable income first before investing in Bitcoin is that, it's not what is required before you can invest in Bitcoin and be successful, because it's not a guarantee that anyone can invest in Bitcoin and be successful with it. Do you know that you might have a stable income and is unable to figure out your discretionary income to invest with? Since it might be too small, so what is more important for every bitcoin investor is your discretionary income and your source of discretionary income, because without having a discretionary income to invest with, you can never be successful with your bitcoin investment,since it's what helps you to invest and accumulate consistently.
Having discretionary income alone doesn’t guarantee success ,there are many other factors that can determine how successful a person can be in bitcoin investment but many folks are focused on having discretionary income alone without considering that discipline and emotional control play a big part in a person’s success in bitcoin investment, you need to understand that having discretionary income alone is not enough because you can have it and still make mistakes ,discretionary income only helps you stay consistent in sustaining a long term healthy investment mindset but it doesn’t stop people from making bad decisions or exhibiting bad behavior in the investment journey. Firstly and most importantly you need a stable income to succeed as a long term Bitcoin investor because you need steady money to accumulate continuously in your DCA strategy. Secondly your stable income should afford you a discretionary fund so that you won't have to sell prematurely when life happens because emergencies doesn't give us notice. Knowledge of proper financial management is important to succeed in your long term accumulation plan, if you fail to plan your finances to know whether you are financially capable to do long term investment then you have planned to fail. I do agree to your opinion because there are most people who have a stable income but still find it hard to invest in Bitcoin because they lack the basic knowledge,.directive on how to go about investing in Bitcoin. One can have but still don't know how to separate discre income from money meant for regular bill payment. And may be confused on which strategies to use to buy bitcoin. From my few months in this place, I have read several texts emphasizing in the importance of a person knowing what his basic income is and also knowing what his basic monthly expenses really are. When a beginner has decided or noted his basic income and his basic monthly expenses, those expenses he must do before his next income; it becomes easier for him to know the amount of money he can set to acquire his own bitcoin. It's not everyone that has a basic income that is able to invest in bitcoin because investing in bitcoin is not just for those that have basic income, but for those that are so disciplined to be able to manage their finances very well. Some people who have irregular income can also invest in bitcoin as at whenever they have their discretionary income which they can invest in bitcoin. When you have determined to invest in bitcoin, that is when you do everything possible to invest, starting from going for the knowledge, choose an investment strategy and also ensure you aim at allowing your investments for a long time because the longer you allow it, it will be better.
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BluebloodCXVI
Newbie
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Activity: 14
Merit: 0
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April 04, 2026, 10:08:22 PM |
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The bitcoin market doesn’t care about anybody’s feelings, it can go up and come down as it wishes because volatility is in its DNA and that is why as a long term investor, you must not allow your emotions control your actions rather you must try to use the volatile nature of bitcoin to your advantage and you can achieve this by setting some certain rules and sticking to them. You need to understand the fact that DCA is your friend, and you have the ability to buy the dip whenever the opportunity arises but only do that with money you can afford to leave invested , also try to avoid panic selling when the market is falling and if at any time you observe bull-runs and decide you want to benefit from it ,then take profit strategically without disrupting your long term holding plan.
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Popkon6
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April 04, 2026, 10:23:28 PM |
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Not having a Stable source of income shouldn't stop anyone from starting to accumulate bitcoin because it is possible to start accumulating bitcoin even without a stable source of income provided the discretionionary income is available to do so. Therefore, the most important thing is having a discretionionary income to invest with. An investor can be accumulating bitcoin and work towards stablisng there source of income [/quote
A stable income is enough for people, but a reasonable income is needed to support investment better. If a person is able to invest in Bitcoin, then he can definitely invest some of his income in Bitcoin. Investing in Bitcoin does not require a huge amount of money, and if he can invest some of his income in Bitcoin and continue to buy Bitcoin regularly, it will definitely be a good and good plan. Because investing in Bitcoin is the best plan to meet financial needs in the future, we must continue to buy Bitcoin and continue to buy Bitcoin for the future by following the DCA method correctly.
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