Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
SeriouslyGiveaway
on 12/03/2024, 03:15:38 UTC
Before this time I was actually thinking that is a must that every investor most have a steady source of income before venturing into Bitcoin accumulation but I realized that even without having steady income you can still continue to invest on Bitcoin because I have seen someone who has no steady source were income is flowing but based on how his plan on investment on Bitcoin is, he has consistently accumulating Bitcoin till now without tempering his investment, so actually he explains how he has been able to continue or consistently investing on Bitcoin, so according to him he mentioned that truly he doesn't have a steady source of income but that he has other side hustling were they use to hire him sometimes so from there he was able to strategize himself to consistently investing on Bitcoin using the normal DCA , although he mentioned that do to how inconsistent the work is most time he doesn't meet up his weekly accumulation so most times he accumulate on monthly. So after his explanation I realized that with a proper planing anybody can invest on Bitcoin because if someone should wait until his portfolio is filled with money before they could start investing on Bitcoin, at the end they may likely not going to be partakers of Bitcoin.
There are people who do not have a stable monthly income like normal salaried workers, but they may have a source of income based on projects, seasons or business, so the accumulation can be different a little bit. Maybe they won't buy every day or every week, but will buy when they receive money and buy according to the percentage of income they have. Regardless of whether that source of income is stable or unstable, more or less, it does not affect your purchase of Bitcoin, unless you do not earn income. Not being able to buy every day or every week for people who do not have a stable income can cause them a bit of difficulty as cumulative buying habits are more difficult to establish than for people with a stable income. Too much buying distance can reduce their discipline in buying.