Buy Buy Buy or Sell Sell Sell?

[sotelorene]

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.

Dude stable source of income is not compulsory in Bitcoin investment though it may be very good but it is not compulsory as long as you can get your discrestionary income and also keep your emergency funds in case of any challenge. A wise investor and one who is prepared will never sell their investment because of complications in their source of income because they ought to have planned out everything in a way that won't drive them to selling.

[Futurexxx]

, 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.

Selling when you have not gotten to your over accumulation status is actually wrong, and it's a harbit we all should stay away from if we want to be successful in our Bitcoin investment, because taking profit from your Bitcoin investment when you are still in your accumulation stage is not ideal and it has that capacity to compel you to temper with your investment bit by but until you sell everything off, and if you don't sell anything off, you may be discouraged by to buy more unit of Bitcoin and add to your stash.
So we should stay away from such practice of selling or taking profit from our Bitcoin investment when we have not gotten to our over accumulation status, because buying more and growing our stash will be very difficult once you start doing that.

[Sulegzy39]

Investors without a consistent source of income will struggle to sustain their investments over time. If they face financial troubles, they will most likely abandon their current investments. As a result, every investor should have a consistent income in order to sustain their current assets and grow their own over time. This is not only about being able to spend the money, but also about holding it for an extended period of time after it has been used to purchase Bitcoin as an investment.

[Sulegzy39]

Some wealthy people choose not to invest because they believe their fortune will stay for a long time. Investing is one of the most basic ways for people to enhance their wealth. Putting your whole reliance in what is in your bank account may be problematic because your currency will lose value over time due to inflation, and spending (both essential and needless) will consume a big portion of your savings, reducing your wealth over time. Instead, adopt a long-term perspective by investing your money in something that, when done correctly, will provide you with substantial returns, such as Bitcoin. Wealth is defined not just by what you have now, but also by its ability to sustain and increase over time. What matters is that you choose an investment that is appropriate for your position and level of comprehension.

[SOKO-DEKE]

Investors without a consistent source of income will struggle to sustain their investments over time. If they face financial troubles, they will most likely abandon their current investments. As a result, every investor should have a consistent income in order to sustain their current assets and grow their own over time. This is not only about being able to spend the money, but also about holding it for an extended period of time after it has been used to purchase Bitcoin as an investment.

What matters most is not a consistent source of income, but discretionary income. Someone may have a consistent income, but they may not have discretionary funds and without discretionary funds, there is no way someone can invest in Bitcoin. Even if they invest, they may later end up selling their Bitcoin investment to solve problems.So, know that it is not a consistent income that makes some people struggle with Bitcoin investment, but a lack of discretionary funds. Therefore, ways to get discretionary funds should always be our concern, because that is what can make us have a smooth Bitcoin investment.

There are some people who receive payment for their work only two or four times yearly, but it is always a large amount of money like a contractor. A contractor may have only two or four contracts yearly, but the amount they earn from those contracts can be very large. In fact, some people with consistent income may not make that kind of money in one, or even five, years.It is when someone has enough money that they are able to have discretionary income

[Charcol]

There are some people who receive payment for their work only two or four times yearly, but it is always a large amount of money like a contractor. A contractor may have only two or four contracts yearly, but the amount they earn from those contracts can be very large. In fact, some people with consistent income may not make that kind of money in one, or even five, years.It is when someone has enough money that they are able to have discretionary income

It is not that a person will have discretionary money because he has a high income. The example you gave is an example of a contractor with a high income. But have you considered that the amount of expenses may also be high along with the income of that contractor?
Some people, despite having a high income, cannot withdraw discretionary money from their main source of income because their expenses are also high. On the other hand, there are some people whose income is not very high, yet they are able to set aside discretionary money and invest it regularly because their expenses are very low. Not everyone lives the same way. Some people are living a good life despite having a small income, while others are not able to live that way because of meeting the family needs even though they earn a lot.

[Bright0515]

Some wealthy people choose not to invest because they believe their fortune will stay for a long time.

Let's tell our self the truth anyone who neglect investment will still end up poor, even though they have money. It might take time but one thing is for sure that the chances of being poor is high because of lack of investment.

Some people end up poor even for the fact that they normally have money. However, let's just agree for the fact that the reason why they ended up being poor is not because they don't always have money, but it is because they neglect investment
I guess another reason why so many people end up being poor is for the fact that they always want to upgrade their lifestyle (buying new things and spending on unnecessary things). Meanwhile their future is disappointed in them. Such people doesn't spend money my dear, their money spend on them.
For the fact that they failed to secure their future makes room for unnecessary pressures, it's either they spend on upgrading their lifestyle or they get pressured from their friends or things they see on social media lastly they want to look successful when they are not yet successful.

Those who are rich doesn't have such habits, they invest silently but their success makes the hardest noise, even with their lowest amount of money they will invest and get more in the future. A rich person might have just $500 on his account but he will figure out what how to grow the money but if that same amount of money is given to some people, it's either they use it to sold problems or then lavish the money and in few days time no return, no profits, money just vanish to the air.

One thing about people who lack the importance of investment is that they can't hold money for more than a day or two without touching part of it. The truth is that if you can not hold money you cannot invest.

Some people stay within one circle of life from months to years without achieving anything, money comes into their account immediately it vanished and they start all over.

Such people have 2 ypes of problems which are lack of discipline and lifestyle pressures, well there are some important ones too.

One hard truth about money is that if you as a human can not manage small amount of money, there's a higher chances that huge amount of money will destroy you when you have them, so the solution to become successful is not excess money, it's the habit to grow the money from small to big.

[Gallar]

Dude stable source of income is not compulsory in Bitcoin investment though it may be very good but it is not compulsory as long as you can get your discrestionary income and also keep your emergency funds in case of any challenge. A wise investor and one who is prepared will never sell their investment because of complications in their source of income because they ought to have planned out everything in a way that won't drive them to selling.

I basically agree with your assumption, but that only applies to when starting to invest in Bitcoin. It's okay if we don't have a steady income when we first start investing, as investing doesn't always require a lot of money. But if it's for a very long period of time, a steady income is absolutely essential. We definitely need to cover our living expenses,, our children, and our wives. So, if we don't have a steady income, or at least a salary that might flow in at any time, how will we feed our families? So, in a situation like this, it's certainly difficult to even afford to invest. Furthermore, long-term investments definitely require a timeframe of more than ten years. So, imagine if we had no income? Would we be successful investing in Bitcoin in ten years? I don't think so. That's why we need to think about it, because essentially, we're investing, and investing requires constant cash flow, especially if we're doing DCA.

[ruykeri]

Investors without a consistent source of income will struggle to sustain their investments over time. If they face financial troubles, they will most likely abandon their current investments. As a result, every investor should have a consistent income in order to sustain their current assets and grow their own over time. This is not only about being able to spend the money, but also about holding it for an extended period of time after it has been used to purchase Bitcoin as an investment.

There is no mandatory issue that an investor in Bitcoin must have a regular income. Even whose income is not regular would not be able to invest in Bitcoin. The main issue here is whether discretionary income is generated after their expenses. If discretionary income is not generated despite the regular income, then investing in Bitcoin is very risky for them too . Income comes according to the type of work. Not everyone works on a monthly or weekly contract according to a fixed salary. So if discretionary income is generated in any type of income, then they can invest in Bitcoin. Another issue is that the argument that not  having a consistent income can break the investment in times of financial problems is not right. Rather, the solution for all these situations is to not invest aggressively from the beginning of the investment. Initially, you have to do DCA with the little amount from discretionary income and spend as your ability to create a back-up fund. When you have a backup of 3 to 6 months of expenses over time, you don't have to break your investment when there is temporary income stress or unexpected expense. When you start doing DCA yourself, you will be able to understand realistically.

[BluebloodCXVI]

, 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.

Selling when you have not gotten to your over accumulation status is actually wrong, and it's a harbit we all should stay away from if we want to be successful in our Bitcoin investment, because taking profit from your Bitcoin investment when you are still in your accumulation stage is not ideal and it has that capacity to compel you to temper with your investment bit by but until you sell everything off, and if you don't sell anything off, you may be discouraged by to buy more unit of Bitcoin and add to your stash.
So we should stay away from such practice of selling or taking profit from our Bitcoin investment when we have not gotten to our over accumulation status, because buying more and growing our stash will be very difficult once you start doing that.

Well it’s not actually a bad move if you take profit strategically when there are bull runs, as long as it does not disrupt your long term position and accumulation plan, or are you saying it is a crime for a person to be positively flexible with their investments ?,of course it’s not a crime and maybe you should have considered all these and tried to understand my point of view before saying my views are wrong.

[Catenaccio]

There is no mandatory issue that an investor in Bitcoin must have a regular income.

Disagree with you for sure.

It's mandatory because without regular and kind of stable income, people as investors will have to gradually sell bitcoins from their portfolios for money to use. They might be able to avoid selling for a while if during their investment practice, they managed to have money in savings part that can be used in such hard times when they lose jobs and no longer have regular income. It's harder with people who invested money in bitcoin without savings and perhaps after one or two months without jobs and income, they will have to sell their bitcoins.

These people are more vulnerable to job layouts and their Bitcoin investment portfolios will be affected more easily and fastly than people who have reserved money in savings while investing money in bitcoin and also have regular income.

Even whose income is not regular would not be able to invest in Bitcoin.

Do you see your two sentences are opposite with each other?

People who don't have regular income can invest money in Bitcoin, it's just their investment is not solid and vulnerable to be sold, broken by their financial issues in the future.

[Hardyrobust]

, 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.

Selling when you have not gotten to your over accumulation status is actually wrong, and it's a harbit we all should stay away from if we want to be successful in our Bitcoin investment, because taking profit from your Bitcoin investment when you are still in your accumulation stage is not ideal and it has that capacity to compel you to temper with your investment bit by but until you sell everything off, and if you don't sell anything off, you may be discouraged by to buy more unit of Bitcoin and add to your stash.
So we should stay away from such practice of selling or taking profit from our Bitcoin investment when we have not gotten to our over accumulation status, because buying more and growing our stash will be very difficult once you start doing that.

It is not a good idea for an investor to begin to take profits from  there bitcoin investment when they havent reached the over accumulation stage. Taking out profits from bitcoin holdings before the expected timeline, it is pure trading and investment so whoever that has form the habit of doing this is trading bitcoin which is very bad . They stand the risk of selling at loss and there bitcoin holdings may remain stagnant if they continue with the habit of taking out profit from there bitcoin holdings.

[Umulala-alala]

, 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.

Selling when you have not gotten to your over accumulation status is actually wrong, and it's a harbit we all should stay away from if we want to be successful in our Bitcoin investment, because taking profit from your Bitcoin investment when you are still in your accumulation stage is not ideal and it has that capacity to compel you to temper with your investment bit by but until you sell everything off, and if you don't sell anything off, you may be discouraged by to buy more unit of Bitcoin and add to your stash.
So we should stay away from such practice of selling or taking profit from our Bitcoin investment when we have not gotten to our over accumulation status, because buying more and growing our stash will be very difficult once you start doing that.

Well it’s not actually a bad move if you take profit strategically when there are bull runs, as long as it does not disrupt your long term position and accumulation plan, or are you saying it is a crime for a person to be positively flexible with their investments ?,of course it’s not a crime and maybe you should have considered all these and tried to understand my point of view before saying my views are wrong.

Taking profit from your bitcoin investment when you haven't approach your over accumulation stage is not proper and that is trading because it's buying when the price low and sell when there is a bull run. Investors who has been buying bitcoin for long now and has reach their over accumulation stage can decide to take some profits and still be holding while a new investor need to be buying bitcoin and not talk about taking profit which is not even guarantee in BTC.

[Grease5000]

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.

Dude stable source of income is not compulsory in Bitcoin investment though it may be very good but it is not compulsory as long as you can get your discrestionary income and also keep your emergency funds in case of any challenge. A wise investor and one who is prepared will never sell their investment because of complications in their source of income because they ought to have planned out everything in a way that won't drive them to selling.

I get the point but no.stable income.make consistency hard. You can start buying but in the long run it become difficult without stable income. Even small.regular becomes hard without stable income. So it safer and also save loses to first take take of.one financial life, by fixing their finances and to make they have or create a discretionary income from their finance before they start panicking, accumulating and holding Bitcoin for the long term growth.

[barisbilgili]

Taking profit from your bitcoin investment when you haven't approach your over accumulation stage is not proper and that is trading because it's buying when the price low and sell when there is a bull run. Investors who has been buying bitcoin for long now and has reach their over accumulation stage can decide to take some profits and still be holding while a new investor need to be buying bitcoin and not talk about taking profit which is not even guarantee in BTC.

On one hand, it is true as you said, but on the other hand, we also need to consider someone's planning from the beginning when they accumulate Bitcoin. I will not say anything people do is wrong, but indeed, it would be much better for us to make long-term plans so we can maximize profits, and the process is much easier compared to just hoping for quick gains. However, all choices are up to oneself.

[alankasman]

I get the point but no.stable income.make consistency hard. You can start buying but in the long run it become difficult without stable income. Even small.regular becomes hard without stable income. So it safer and also save loses to first take take of.one financial life, by fixing their finances and to make they have or create a discretionary income from their finance before they start panicking, accumulating and holding Bitcoin for the long term growth.

This discussion is more directed towards a person's dependence in managing the finances they have because the reason someone sometimes makes purchases with a stable discretionary income I think even though they have a stable discretionary income of course if they still earn income from one job of course in my personal opinion it is difficult in terms of the sufficiency of the income we earn so this, although in my opinion it depends on how to manage the finances they earn of course if they don't have another job that is used as an alternative job it is very difficult for someone to find a way so that with one income they can fulfill all their desires whether it is for purchases or for other things that are needed so this is what is meant by having another job with the aim of adding to their finances so that the addition to the results generated from the job becomes savings in expenses against the results of someone's main income and from this it has been seen that having another job as an alternative to someone's interests is very helpful.

[POPOLUV]

, 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.

Selling when you have not gotten to your over accumulation status is actually wrong, and it's a harbit we all should stay away from if we want to be successful in our Bitcoin investment, because taking profit from your Bitcoin investment when you are still in your accumulation stage is not ideal and it has that capacity to compel you to temper with your investment bit by but until you sell everything off, and if you don't sell anything off, you may be discouraged by to buy more unit of Bitcoin and add to your stash.
So we should stay away from such practice of selling or taking profit from our Bitcoin investment when we have not gotten to our over accumulation status, because buying more and growing our stash will be very difficult once you start doing that.

An investor doesn't have a state of over accumulating of Bitcoin status or neither an investors should start selling off his Bitcoin investments just because an investors has been able to accumulated so much status in Bitcoin, for me it is a bad idea of even advising an investors to sell off their Bitcoin just simply he has accumulated so Bitcoin, you should not forget that Bitcoin investments is for the future, so at such if any investors has the opportunity of buying weekly as his discretionary income can make him to buy aggressively or gradually by gradually then let his focus should be on buying and accumulating than selling.

[Shiny_L@dy]

Investors without a consistent source of income will struggle to sustain their investments over time. If they face financial troubles, they will most likely abandon their current investments. As a result, every investor should have a consistent income in order to sustain their current assets and grow their own over time. This is not only about being able to spend the money, but also about holding it for an extended period of time after it has been used to purchase Bitcoin as an investment.

There is no mandatory issue that an investor in Bitcoin must have a regular income. Even whose income is not regular would not be able to invest in Bitcoin. The main issue here is whether discretionary income is generated after their expenses. If discretionary income is not generated despite the regular income, then investing in Bitcoin is very risky for them too . Income comes according to the type of work. Not everyone works on a monthly or weekly contract according to a fixed salary. So if discretionary income is generated in any type of income, then they can invest in Bitcoin. Another issue is that the argument that not  having a consistent income can break the investment in times of financial problems is not right. Rather, the solution for all these situations is to not invest aggressively from the beginning of the investment. Initially, you have to do DCA with the little amount from discretionary income and spend as your ability to create a back-up fund. When you have a backup of 3 to 6 months of expenses over time, you don't have to break your investment when there is temporary income stress or unexpected expense. When you start doing DCA yourself, you will be able to understand realistically.

Let's say a person receives an irregular amount of salary and if that salary comes at irregular times and his expenses are also irregular, then his financial situation naturally becomes more complicated. In this situation, before investing in Bitcoin, he must be sure whether the money he has in his hand is truly investable or not.
If he is not sure about this, then it is reasonable not to invest that money until he is sure. It has been said earlier from this perspective that a person with irregular income and irregular expenses may need to maintain a relatively large amount of back-up funds to deal with these uncertainties.

Also, if someone wants to ensure that he will invest in Bitcoin regularly, such as every week, then he may need to have a separate side fund that is designated for this purpose from the beginning. That side fund may be built up by calculating the DCA for 6 weeks in advance. At the same time, he may have another fund set aside for rent and food. He maintains these funds at a certain level and if any of the funds drops below that specified amount, he naturally starts worrying.
In that case, it becomes important for him to have additional backup funds. If he has to use one of his specific funds in a situation, he realizes that he is heading towards a big problem.
That is why he can stop buying Bitcoin before using the emergency fund and even after 70 percent or more of the emergency fund is spent, he is more cautious before thinking about using Bitcoin.

There are clearly some levels and priorities in this whole process, which funds will be spent first, which expenses will be met first, and which situations will be considered urgent. He can determine his level of emergency based on how much the various backup and reserve funds are emptying.
This is undoubtedly a big advantage for those who have regular and stable salary opportunities. However, the reality is that without sufficient funds and sufficient backup funds as needed, investing in Bitcoin can be temporarily stopped or suspended until those funds reach a sufficient level again.
Ultimately, the longer someone is involved with Bitcoin, the more they can develop the habit of managing and monitoring their funds, reducing the risk of running into unexpected emergencies.

✨

[Derekfunds]

Investors without a consistent source of income will struggle to sustain their investments over time. If they face financial troubles, they will most likely abandon their current investments. As a result, every investor should have a consistent income in order to sustain their current assets and grow their own over time. This is not only about being able to spend the money, but also about holding it for an extended period of time after it has been used to purchase Bitcoin as an investment.

I don't totally agree with you on this because anyone who doesn't have a consistent source of income will device a way that will be easy for him or her to carry out their investment gradually. For example, someone who has only a leg knows that  it will be difficult for him to walk so they always find a means that will help them walk well regardless and I have seen some people with a leg that walks well more than people with complete leg so it is not just about inconsistent source income.

[Ryu_Ar1]

Dude stable source of income is not compulsory in Bitcoin investment though it may be very good but it is not compulsory as long as you can get your discrestionary income and also keep your emergency funds in case of any challenge. A wise investor and one who is prepared will never sell their investment because of complications in their source of income because they ought to have planned out everything in a way that won't drive them to selling.

For the initial stage I agree with what you said because we can start investing even if we don't have a regular source of income but on the one hand we still have to try to find it after we start investing especially if our goal is for the long term considering being in bitcoin it can be very long so that a regular source of income can be important here so that we can stabilize the cash flow we have and in order to manage finances properly when we divide some funds for investment and the needs of the life we live including for short-term savings and emergency funds.

For the beginning, we can invest but for the long term we must still have a source of regular income so that what we do in investment does not interfere with our needs and vice versa our life needs do not interfere with the investment we run.b
Even for people who already have a fixed income, they will try to find additional sources of income so that our needs do not interfere with the investment we are running because this investment is more aimed at the long term such as for old age or looking for financial freedom in the future.