Job security has to be considered too when someone has finally decide to start his bitcoin investment journey. One has to be certain that your job has to be really secured, and not a kind of job that won't last long. Job security should not be underestimated because if you have chosen to invest through DCA make sure that your job or source of income isn't something that's going to be terminated on a short run.
yes one can actually loss his job, that is life full of uncertainty, but at most time it is advisable to have passive income streams which one of it's enormous benefits is that it reduces the fear of job loss. It will become more easier for an individual to reach his financial goals when having a multiple streams of income by achieving them much quicker than if there was just one job, it helps in ensuring that you have a consistent and reliable source of income and at same time giving you that emotional rest needed to manage your asset properly.
Ensuring a stable financial foundation is crucial for safeguarding long-term Bitcoin investments and avoiding potential disruptions. This means having dependable streams of income to rely on, which act as a safety net, reducing the temptation to sell Bitcoin during times of financial strain. Without a reliable income source, individuals may feel compelled to liquidate their Bitcoin holdings in the face of unexpected expenses or emergencies, undermining their long-term investment strategy.
Additionally, even in the event of a consistent income stream, it is advisable to set up emergency savings in order to deal with unforeseen circumstances that might otherwise necessitate early Bitcoin sales. These savings serve as a safety net against monetary downturns, enabling investors to weather storms without having to liquidate their reserves of Bitcoin. In short, by placing equal emphasis on emergency funds and dependable income streams, investors can strengthen their ability to withstand short-term volatility and hold onto their Bitcoin investments for longer, ultimately optimizing their chances of long-term growth and stability in the volatile cryptocurrency market.