Quote from: ginsan on December 27, 2023, 10:08:18 PM

Quote from: JayJuanGee on December 27, 2023, 06:03:09 PM

Even though I understand what Wind_FURY is saying, I would not let single versus married versus having other complications (such as a business or unstable/variable income/expenses) in your life deter you from figuring out how to invest into bitcoin, and surely when there are fewer variables, it can be and should be easier to figure out disposable income, but everyone still has similar challenges to figure out disposable income and to figure out the various uncertain aspects that come with more complexities in your finances whether income, expenses or even the influences (behaviors of others) that would cause variance.

The mere fact of complexities or even low income does not make investing into bitcoin a black and white issue in which you either invest or you do not invest, but instead likely justifies maintaining a more solid emergency fund that might cover larger amounts for more months, and also might justify smaller regular DCA amounts, and then perhaps adding to the DCA amounts in times that discretionary income is greater. It may even be the case that the people with the most complicated financial/psychological situations need bitcoin more than others, even if it might be more challenging for them to figure out how to accomplish a solid, regular consistent and persistent way of investing into BTC.

Maybe for single people they can budget their monthly income more aggressively in investing in Bitcoin, for example 40% to invest because single people certainly don't have bigger responsibilities in their lives. But if which are married, of course they can invest 10% of the income they get every month in Bitcoin. Because I am also married and budgeting 10% is not too difficult for me because 10% is a savings that we don't touch if our economy gets worse.

And those who are already working, of course, if they are not able to save themselves by setting aside a portion of their income to invest, they will definitely regret it later because they spent money on things that are not useful in their lives, such buying the latest cell phone and other things. I taught some of them in my neighborhood to set aside their money to invest in Bitcoin for their future and yes sometimes they ignored it but yes now they regret it.

In my personal opinion, investing in bitcoin will not be a big obstacle if you already have a family. Because in reality there are still many single people who certainly don't have big responsibilities, but in reality there are still many who haven't invested in bitcoin.

Therefore, I think the main differentiating factor between unmarried (single) bitcoin investors and married bitcoin investors is the issue of their financial situation. Because think about it, if someone is single, but their monthly income is only enough for daily living, can that person invest in bitcoin? My answer, of course, is most likely no. However, if someone is married, even though their needs are many, if their monthly income is greater and can meet all their family's living needs, I am sure that person can invest in Bitcoin better.

So clearly the main point is about financial conditions. Because whether you are single or married, if your financial situation does not support it, I believe it will be difficult to invest in Bitcoin.

Because of the supporting factors for success when investing in bitcoin

• Sufficient knowledge (about how to buy, sell, wallet, history, ETC)
• Invest with cold hard cash
• Using appropriate purchasing methods (DCA)
• And lastly, you must be able to control your emotions.

So the single factor and the married factor are not the main factors and are not a necessity or prohibition.