Quote from: Hatchy on Today at 01:07:30 AM

The key is to secure a steady income before diving into Bitcoin investment to avoid using up your investment before making a profit. Your investment amount can vary based on your financial stability. I appreciate those who plan ahead, as It helps get one prepared for unseen situations.

There are two important keys to investing if someone has set their intentions strong enough to invest in Bitcoin for the long term. The first thing that a Bitcoin investor must have is knowledge which includes the best ideas and also includes a strong mentality so that he will not easily panic and get down when he sees bad news regarding the crypto space. And the second is sufficient money, meaning that any money put into the investment is no longer related to other things in life because he has provided other money as a reserve for his own living needs.

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Before delving into Bitcoin, it's crucial to calculate your expected income and total funds available for investing. Starting with an amount you can afford to lose helps manage market fluctuations without risking your financial well-being. Diversifying your portfolio and having a clear strategy are essential to handle both positive and negative market trends. Also, being ready for unexpected events beyond the market is crucial for a comprehensive financial approach.

I can quite understand what you are saying because everyone faces real life with various financial expenses. But to learn Bitcoin I don't think someone needs to have money first or income first and then calculate it unnecessarily. Because Bitcoin does not require everyone to have money first in order to learn and understand it well enough. And besides, nowadays there are many beginners who are studying Bitcoin quite hard and I am also quite sure that not all of them have money even though they have started studying Bitcoin.