Post
Topic
Board Bitcoin Discussion
Re: Knowledge vs hodlings
by
rachael9385
on 10/10/2023, 06:30:30 UTC
If there are sides hustle that can add more income, then @JayJuanGee is right. Some people are already working hard beyond the minimum wage, so anyone who crave for a better future should endeavour to explore other areas that can earn them money.

Fortunately, I know a lot of hardworking people from Bangladesh that are doing multiple freelancing jobs to make ends meet. This is not perculiar to Bangladesh,  many people from low income countries strive to earn more money to be able to meet their needs.

To invest in Bitcoin and manage the investment effective requires that one have a cashflow that will meet basic needs first then investment funds. If basic needs are not met, there are chances of selling unplanned even in the case of emergency.


Having several sources of income will certainly be very good for us because it will be able to meet our needs and other things. Yes, you are right. Anyone who has the desire for the life they dream of must have several sources of income and it would be even better if they invested in Bitcoin. If indeed they understand it well in making investments, of course we have to use idle funds so that we can buy and hold them to achieve profits from the investments we make.
Having several sources of income is a very good idea and it will help us to quickly reach the standard of life that we are planning for. If an investor has about 2 to 3 places where he can make money on a daily basis and that same investor has still made up his mind to accumulate and hold his bitcoin for longer, I can testify that the investor will keep on accumulating Bitcoin nonstop for a time.

Source of income is something to be considered before investment, some of the important things that a Bitcoin investor should have is what is called source of income..

Not only 1, but maybe 2 to 3 if the person is opportune to have it, without any source of income, there will be no buying of Bitcoin and, accumulating process because one will not have money to buy and also accumulate, no matter how serious the person, many be, if he don't have a source of income his bitcoin investment plans won't be completed because the person don't have what is takes to accumulate more.

Imagine if a salary earner opens a business. That means he has 2 different sources of income, so he still invests in Bitcoin.

The person's investment will go smoothly because he has a job and also a business, so let me say $50 will not be a big deal for the person to get monthly, and if the person is using the DOLLAR COST AVERAGE, it will not be a hard thing for the person to constantly buy $10 worth of Bitcoin weekly or each 2 weeks when is has a job and a business.