It is not mandatory to have an income that exceeds our needs before we can start our bitcoin investment. Since bitcoin is a long-term investment, we need a good source of income. We will be using 10% of our salary to accumulate bitcoin every week or month, depending on when we receive our salary. We can also keep 20% of our salary as a reserve fund to be used to settle any unforeseen problems that may arise unexpectedly, so that we will not depend on our bitcoin investment to settle them.
Contrarily, is best you have either income or side amount of savings or other investment that is greater than your expenses in other to be able to invest, if such plans has not been made and there is no access to that then you are more gambling rather than investing because there is no certainty of you keeping up with your investment.
That's right, you can choose another altcoin with a price and capitalization that is still low so you can get extraordinary results in the future. However, you still have to stick to Bitcoin.
Diversification is very important to minimize large losses.
I will always considere@jjg's advice that if diversification should be considered it should be that you are far gone in your accumulation process and when considering diversification it is best you spread out on different asset classes that are not related, such as selling commodities, lands, golds based on your financial ability, fuck altcoins, fuck shit coins, I wonder why you could talk about it like you can even boost of any, mean while their performance solely depends on Bitcoin, it is never a good advice to involve in Altcoins or shit coins or whatever you may call it. if you are involved in such is best you keep it to yourself or there are better board or thread to discuss about that, the emotional devastation I saw those in it going through is not something I will advice anyone to get involve with, but with Bitcoin and your right investment strategies you have the peace of mind needed to grow your asset.