Ways That Folks With Small Income Can Build Long term Bitcoin Portfolio

[Joeboy]

It has been said countless numbers of time that Bitcoin isn't only for the rich folks or those with a large income, and that anyone, no matter how small their income level is can start building a long term Bitcoin position. Still, lots of low income earners/ those with limited discretionary income still thhinks that it is in reality actually impossible to get started in Bitcoin.

But the truth is that even with a little Income, there are still ways of increasing your chances of investing in Bitcoin consistently. And some of the ways of doing so is by:
1)  Cutting off Unnecessary Expenses: Sure there are some expenses that are necessary to me but may be unnecessary to another. So identifying and avoiding those unnecessary expenses should b be a personal choice.
2)  Selling of Unused Items: Many of us has lots of unnecessary and unused gadgets and items in our home, and the truth is that the more it is kept unused, the more the tendency for it to spoil or damage, so why not sell it off and use the money to  fund your Bitcoin investment.
3)  Tracking Your Spending: It may look burdensome, but yet it is very important coz if you properly track your spendings you will be knowledgeable of those leak or  those unnecessary places where your money go to, so you can look for ways of redirecting it into bitcoin
4} Reduce Expensive lifestyle: If you experience a little increase in your income or you get some gift from ur friends, always prioritize Bitcoin investment over wasteful spendings.
5) Don't wait for a big income, coz doing so is simply a time wasters, start with the little you have
6) Focus on DCA/NCA( You can still adopt any other investment approach that you are comfortable with).
7) Increasing our Income Streams: Aside from your income, you can still take on some side hustle or learn skills or even businesses that can bring in more money. No job is dirty, so as far as it is giving you the money.
8. You can also do online survey or any online reward programs that pays in your local currency/ foreign currency etc..

[Shadiq]

Those who are still below basic income? That is, those who still lack the ability to meet basic needs, will these methods be effective? There is only one way, which is to increase income or find alternative sources of income.

Bitcoin is open to everyone, but Bitcoin investment is not profitable for everyone. One of the main conditions for investment is to invest with prudent money, there are still many people in the world for whom prudent money is imaginary. Is it possible for them to reduce expenses and profit through Bitcoin investment? Maybe it is possible, but there is no basis for this.

So your methods are effective only for those people who have the ability to provide prudent money, at least they can meet basic needs and keep some money for savings. There is a possibility of getting negative output as a result of entering investment by forcing changes in the rules.