Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Salahmu
on 12/03/2024, 12:59:14 UTC
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.

Regarding not stable monthly or weekly income is not problem with how much dollar accumulate for investing in bitcoin possibility invest weekly or monthly. I think very important about decision want to accumulate keep investing in bitcoin indeed not get stable with salary income, since close ahead of Eid al-Fitr I have smart with spending my income and little reduce for investing in bitcoin but promising for my self one month later will accumulate more fund for investing in bitcoin.
But still don't delay investing in bitcoin during you have side income or weekly income how to get discipline when investing in bitcoin, if some time earn much of payment salary need to spent large amount for investing in bitcoin become our future investment assets, save bitcoin today automatically will save your financial in the future.

hodl plan will never be successful if you don't have other source since if the hard time came especially on financial aspect  and market dump at the moment for sure this could affect your investment and decision to hodl since you might decide to sell your holding because you don't have anything left in your hands or don't have any choice but to dump since you need money in that time.

That's why setting up an emergency funds is important and also having multiple income streams is needed to  consider so that we are not only good for saying or thinking about its good to hodl but also we can make all of our plan in to reality.

You have a point but like I mentioned on my previous post the quest to have steady source of income before starting investing on Bitcoin is actually a wrong narrative because you can actually continue investing on Bitcoin even when you don't have any major source of income and with a proper planning there is no way the person could ran into trouble in the future however even @JayJuanGee made some good contribution concerning this issue that we do not need to have a steady source of income before investing on Bitcoin but that it will be more advisable to have income that will exceed our expenses. Which is very understandable, so irrespective of how source of income is very important but it shouldn't determine our mindset on Bitcoin investment because people who doesn't have much can actually start the Bitcoin journey because they don't need to have a box full of money before they could start but however the only thing they need is to make sure there income is higher than there expenses.