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Author Topic: Stable income or not you can still succeed in Bitcoin investment.  (Read 398 times)
Miles2006
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January 01, 2025, 10:47:47 PM
 #41

There’s a difference between this two word stable income and source of income. A good cash flow and management can actually build a good portfolio, the example stated about a friend although how can one sustain without an income for 2 month when bitcoin investment is available. 2 month is just too far that’s the major reason anyone without a stable source can’t actually invest, receiving a monthly pay then creating a budget using the dca strategy to invest is totally understandable and in such situation one don’t need to do too much, normally motivation talks is helpful yet few words don’t just sound real after experiencing one.

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Victorybit1
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January 11, 2025, 07:25:52 PM
 #42

You need a stable income to succeed in Bitcoin but gaining profitably from the market doesn't actually require a stable income, I will explain. You need a stable income so you can invest your capital without thinking of withdrawing before it hits your target. There are people who invest in Bitcoin and after 2 days they think of withdrawing it because they don't have something else that pays them. Having another source of income is important. You can make profit from the market and it doesn't depend on your source of income, this simply means your investment can grow depending on how long you hodl and how smart you are about it.
Yablee0
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January 12, 2025, 06:21:13 PM
 #43

Happy Sunday to the honorable house. First and foremost, there is nothing as good as slow and steady, it can  never dry up. When we talk of stable income, it contribute at least 80% to any success in btc investment. How?

When you have something doing either a work or business that pay you well, you can invest without turning back, what I mean by that you see people investing (buying btc) and in no time they want to sell it back just to solve problems, family issues and responsibilities.

But when there is a sustainable source that pump you money you can even keep your coin (bitcoin) for years,  by so doing success is sure.

Bigjoe33
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January 13, 2025, 05:22:25 PM
 #44

If your work has given you enough money in just one hit, what's the difference between it and those who have a specific paid day and amount when you can earn higher than them in your contract? I don't know the definition people give to stable income, but as long as there is enough to be keeping the ship sailing, it's okay to say the person is doing well.
 
One thing about investing in bitcoin is that the first thing is having the money you want to invest, and it should be an amount you won't be needing for a long period of time, and how long you can hold those coins that you have accumulated is based on how much you have in your reserve funds. If it can help settle even the unforeseen expenses, then you can hold for long.
 
Many reasons why some people sell short and take profit are because it gets to a point where the only means of getting money to solve their pressing needs is from Bitcoin.

I quit agree with you Ever-young. You just stated the obvious. Because someone persons might buy some coins with the intention of holding for long so it can give perfect profit. But when situation of life hits hard and there is no side pocket to foot the bill, such a person has no option than to sell and continue living. We all know that it is an established fact that 'Human wants are insatiable'. So I believe everyone going into Bitcoin investment those that with the hopes of very high returns. But we know how it is here, one must be alive before you save.

And then secondly, just as you said, a one time contract Job can pay ×5 or more of a salary earner at once. So such a person can invest more than someone who earns either daily or monthly but with little income. So for me, Bitcoin investment all depends on the available income. The better your income, the more and suitable investment you will do..

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