Inspiring mindset

[Etranger]

I think many of us have adopted the DCA strategy, but this mindset will clearly not be accepted by those still doubting Bitcoin.  They see the volatility and that it is too risky for a stable investment plan. So they prefer traditional assets with a proven track record.  But I think Bitcoin already has a proven track record.  It has existed for over a decade and has outperformed nearly every other asset in terms of long-term price appreciation.  Bitcoin value isnt about being steady right now.  Its about how it always bounces back and reaches a higher price than ever before.  And thats what makes it great for long-term investments.

Bitcoin does indeed have a track record, but that doesn't convince skeptical people, as they view the asset solely in the context of their own investments. They might invest at an unfortunate time, when Bitcoin is in a bear phase, and as a result, lose their investment or significantly reduce their deposit. And the fact that Bitcoin has shown massive growth over its existence has no relevance to their specific situation. That’s why they cultivate such distrust.

[Nahl]

I think this thing can be done to those who very trust about the development of bitcoin that because when the people buy bitcoin using their monthly salaries those people believe in bitcoin which mean they are very sure by investing on bitcoin potentially their investment value will be increase following the year and i am sure they had realize to the risk too because bitcoin can be recognized as high risk of investment because it's volatility

Bitcoin is often to touch bear market and bull market i think they should have good mentality to facing these conditions and it's not easy to be consistent to buy more bitcoin especially bear market sometimes makes us want to give up however about this idea i have done this since last year that consistently after i got the salary i was acumulate my bitcoin by DCA method

[xiamin]

If you have a stable job and you are earning constantly, do your mind also go straight to how you will invest your salary to bitcoin? Because I do. It has now become part of my monthly expenses. I try to leave as much as I can for my bitcoin holdings and I think about a good time to buy bitcoin which is when the price is not at its peak. It helps me stay motivated thinking about how a small portion of my salary will go to bitcoin and can grow over time instead of losing value.

Op You are on the right track regarding Bitcoin investment. It is a good way to balance it with daily expenses through Bitcoin. Experienced investors always recommend us to use funds that can be lost when investing, in which case the strategy you are doing will allow you to get a large Bitcoin holding very quickly. In the context of having a stable job and your source of income is stable so you are in a great financial position, the decision to accumulation Bitcoin with monthly household expenses can be an impressive decision for investors.

[nemesis_incarnate]

Bitcoin does indeed have a track record, but that doesn't convince skeptical people, as they view the asset solely in the context of their own investments. They might invest at an unfortunate time, when Bitcoin is in a bear phase, and as a result, lose their investment or significantly reduce their deposit. And the fact that Bitcoin has shown massive growth over its existence has no relevance to their specific situation. That’s why they cultivate such distrust.

If they would look at the whole chart of BTC, they wouldn't be so doubtful about it.

Alas, it's their choice to make.

[@nn@_pen9]

If you have a stable job and you are earning constantly, do your mind also go straight to how you will invest your salary to bitcoin? Because I do. It has now become part of my monthly expenses. I try to leave as much as I can for my bitcoin holdings and I think about a good time to buy bitcoin which is when the price is not at its peak. It helps me stay motivated thinking about how a small portion of my salary will go to bitcoin and can grow over time instead of losing value.

Yes, of course, my friend. I won't waste the energy I gain from work on things that are useless and won't benefit me in the future. I'd rather sacrifice my time and energy in my youth to build a strong financial foundation the best investment for the future. With careful planning and discipline in managing your finances and investments, you can enjoy the results in your old age with greater peace and prosperity. Remember to maintain a balance between hard work and quality of life, you must maintain your physical and mental health.

[Rockstarguy]

If you have a stable job and you are earning constantly, do your mind also go straight to how you will invest your salary to bitcoin? Because I do. It has now become part of my monthly expenses. I try to leave as much as I can for my bitcoin holdings and I think about a good time to buy bitcoin which is when the price is not at its peak. It helps me stay motivated thinking about how a small portion of my salary will go to bitcoin and can grow over time instead of losing value.

As a salary earner, the best thing you can do for yourself is to invest in Bitcoin. If you choose to save a portion of what you earn in the bank, after some time it will lose value because of inflation. Investing in Bitcoin is beneficial because by holding Bitcoin, you are not just saving, but also allowing your money to appreciate over time.

 Bitcoin is a good store of value, and those who earn by working really need to engage in it. As the rate of inflation increases, most workers still earn the same, but investing in Bitcoin and holding the investment will yield good profits.

[₿itcoin]

If you have a stable job and you are earning constantly, do your mind also go straight to how you will invest your salary to bitcoin? Because I do. It has now become part of my monthly expenses. I try to leave as much as I can for my bitcoin holdings and I think about a good time to buy bitcoin which is when the price is not at its peak. It helps me stay motivated thinking about how a small portion of my salary will go to bitcoin and can grow over time instead of losing value.

Brother, what you are doing is well know to everyone as Dollar Cost Averaging. where you often allocate the same amount of Bitcoin regardless of its price. It's like you are dividing what you buy at different times, so you don't have to worry about whether the price is at the top or bottom. Over the long term, the DCA on BTC is ultra better than many traditional assets, especially when the market is very volatile. As long as your salary is consistent, your bankroll will grow without any worries.

[Olatundespo]

If you have a stable job and you are earning constantly, do your mind also go straight to how you will invest your salary to bitcoin? Because I do. It has now become part of my monthly expenses. I try to leave as much as I can for my bitcoin holdings and I think about a good time to buy bitcoin which is when the price is not at its peak. It helps me stay motivated thinking about how a small portion of my salary will go to bitcoin and can grow over time instead of losing value.

Even you didn't explicitly mention it, I think you are using the DCA strategy to accumulate Bitcoin. A stable source of income is very important for an investor to sustain long term Bitcoin accumulation. Some guys buy Bitcoin with the amount available after receiving their weekly salary, and some guys buy Bitcoin with a portion of their monthly income. I think Bitcoin investment is not limited to people who get a salary from a stable job. People who have a temporary job have equal opportunity and motivation to buy Bitcoin. Investors with stable incomes can get decent Bitcoin holdings in a short period of time but it may take longer for investors with volatile incomes to get there, but they should have a 4-10 year investment plan.

[Hammer_Summer]

Personally, I have been almost compelled to consider putting a portion of my salary into Bitcoin. Knowing that there is a part of my wages going into something that can be grown over time is a good feeling, as opposed to just sitting in a bank and losing its worth over time due to inflation. I do not focus so much on timing the market. I am more concerned with being regular and contributing a small sum on a monthly basis, regardless of the price. In the long run, those little bits accumulate and it is gratifying to watch it increase. It also causes me to be more serious with my expenditures since I am aware that I have already invested a segment of my income towards my long-term.

[goldkingcoiner]

If you have a stable job and you are earning constantly, do your mind also go straight to how you will invest your salary to bitcoin? Because I do. It has now become part of my monthly expenses. I try to leave as much as I can for my bitcoin holdings and I think about a good time to buy bitcoin which is when the price is not at its peak. It helps me stay motivated thinking about how a small portion of my salary will go to bitcoin and can grow over time instead of losing value.

You follow the same strategy as me, it would seem.

I too just DCA my disposable income into Bitcoin.

That method has been very profitable and easy on the finances for me. And if anything unexpected were to happen, I can take the money I need out of Bitcoin at any time. Of course, I do not hodl my coins on an exchange, since those can easily freeze your coins for months for seemingly no reason.

[Hamza2424]

If you have a stable job and you are earning constantly, do your mind also go straight to how you will invest your salary to bitcoin? Because I do. It has now become part of my monthly expenses. I try to leave as much as I can for my bitcoin holdings and I think about a good time to buy bitcoin which is when the price is not at its peak. It helps me stay motivated thinking about how a small portion of my salary will go to bitcoin and can grow over time instead of losing value.

This is a good plan and everyone should be doing this and bro I am doing this as well, if we are earning we must invest even if we are earning in Bitcoins from the signatures we must hold the rewards and invest some part of our salary on a monthly basis in Bitcoin.

Or we should accumulate our fiat somewhere so we could invest in Bitcoin when it is dumping and I think now can be the right time to be a part of a major breakout, because a major breakout is still pending or if not, then we are going to see a major dump. Therefore prepare for the best and for the worst too.

[SUPERSAIAN]

This is a completely valid mindset. Every time I receive my paycheck, I calculate how much Bitcoin I'll buy and how much money I'll have left. This mindset keeps me constantly alive, and I love it because of this vitality. People who set this goal will eventually achieve the financial success they desire. The important thing is to consistently contribute small monthly amounts of your salary with the same enthusiasm.

[Stalker22]

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Some people in this category are not comfortable that you need to keep Bitcoin for four years and above to enjoy the benefits. They prefer short-term investments where they can quick profit. But they don't consider the amount of returns Bitcoin brings after a long time.

Yeah!  Also, they dont take into account the risk that comes along with that type of get-rich-quick mentality.  These are the same people who buy a meme coin after it has spiked in price, and then watches that meme coin crash down to losses.  The people that just want a quick flip are going to get burned because they buy in at a high, panic sell at the first big dip, and lose out on the huge long term upside that the network is designed to generate.

[Maslate]

For us bitcoiners, this is always our goal. DCAing with bitcoin regardless of its price as long as we are spending our spare money that we can afford to lose. And for sure those who are non-bitcoiners, they are also investing the same way but not with bitcoin, maybe in real estate or stocks.

However, there are still some workers who are earning constantly and have not even started to invest on their favorite asset, not because they don’t want or don’t have plans, but some aren’t just good in managing their finances and just end up throwing it all spending into unnecessary items.

[ZAINmalik75]

If you have a stable job and you are earning constantly, do your mind also go straight to how you will invest your salary to bitcoin? Because I do. It has now become part of my monthly expenses. I try to leave as much as I can for my bitcoin holdings and I think about a good time to buy bitcoin which is when the price is not at its peak. It helps me stay motivated thinking about how a small portion of my salary will go to bitcoin and can grow over time instead of losing value.

I do think about it all the time, but I don't always get to do that because of how inflation is killing us slowly in a financial way. It's disturbing how the value of things keeps getting higher every month or so, and the money you get is losing purchasing power over time, but since you don't have a choice, you still have to spend it because what else can you do? Those who make enough so that they can set aside a specific amount for investments are, in my opinion, very lucky and blessed, because most of us can't do that these days.

It also depends on where you live. If you live in a country where the average wage is pretty high and then the inflation isn't touching the sky, then it will probably be easier for you to do both, make some investments and then take care of the expenses, but if you live in a country with a bad economic situation and high inflation, you will barely have enough to get you through the month without problems.

[sunsilk]

That's a good mindset and good job for you OP. Not all can have that optimistic mind of doing it consistently. But in fairness to ourselves, we know where our money is going and where Bitcoin is heading.

So, there is no doubt to us why we're investing and holding for as long as we can. A small portion is already a way for us to come across the market without having the need to break the bank.

Soon, it will be paid off and we who have experienced it before can testify that it did really paid off.

[Ziskinberg]

Whether it’s bitcoin or not, it brings some satisfaction on our part knowing we spend wise on our monthly income. Not all workers have the same mindset like you OP, but rest assured, if you keep doing it regularly, in less time you will have a valuable and profitable investment even at a younger age.

This is also my plan. It’s just that I don’t have enough spare money yet to invest, but I’m working on it. If I can’t do it with my main job, then adding another source of income will definitely make me already invest into bitcoin even with just a small amount. Once your coins piled up, your investment portfolio will turn massive in the future.

[freedomgo]

This forum is actually a big help. This made me realized that regardless of the amount of your income, it’s a smart decision to reserve some extra money for investment, and bitcoin is certainly the best investment so far. You don’t need to spend it all, but just a little amount on a consistent basis, and it will make a difference in the future.

Fortunately, I was also able to save and invest for quite long now. At least when I’m old enough, I know I won’t be struggling with my finances because I have bitcoin investment that will somehow generate an income for me.

[passwordnow]

It helps me stay motivated thinking about how a small portion of my salary will go to bitcoin and can grow over time instead of losing value.

Do what makes you remain motivated and what's giving you more positivity in life and with your investments. A small portion won't hit you entirely but the potential return is great. Over the period of time will require your patience and that's all you have to do. It's true that money loses value over time if not used for investments that grows overtime due to the growth that it's having. While having it remained it fiat will just be stolen its value because of inflation and that's why even the richest do is to invest to what they think will grow their money. Soon, your money will work for you OP.

[kotajikikox]

Bitcoin does indeed have a track record, but that doesn't convince skeptical people, as they view the asset solely in the context of their own investments. They might invest at an unfortunate time, when Bitcoin is in a bear phase, and as a result, lose their investment or significantly reduce their deposit. And the fact that Bitcoin has shown massive growth over its existence has no relevance to their specific situation. That’s why they cultivate such distrust.

If they would look at the whole chart of BTC, they wouldn't be so doubtful about it.

Alas, it's their choice to make.

Looking at bitcoin’s history yes it should be enough to turn the doubters undoubtful. But people are too focused on short term movements and they tend to only act based on what they currently see and they don’t wanna see the big picture.