Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: You must have a source
by
Nangiconference
on 01/02/2024, 18:15:54 UTC
⭐ Merited by JayJuanGee (1)
You must have a source of income if you must succeed in your holdings.

For the few years I have been into cryptocurrency, I have discovered that you can't hold till the right time if your don't have a source of income. Just imagine that you have a pressing basic needs like feeding or rent, then you don't have money  to finance it, you will be forced to sell your Bitcoin at a loss if you don't have a source of income outside your holdings.

Most people that have sold their Bitcoin holdings at a loss or at an average price actually have the patience but don't have the knowledge of how to hold, because a good holder must be aware that he needs a source of income for him to be able to consolidate to his holdings.

It has happened to me severally, I have been able to hold now, since I started working as a merchandiser with Guinness, I think most times, experience is the best teacher.

I came across a post where someone said 'he invested his last dime while he was faced with starvation and homelessness because his conviction did not allow to touch his capital. He stated categorically that he feeds once a day whereas he was having an investment in bitcoin'. That condition is not an easy one. Judging from my perspective, I can't endure hunger, be homeless and feed once just to hold my investment. My brother if you die, your investment will lost.
I think before investing there should should be other source(s) of income because life must be in continuace.