Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Marvelockg
on 12/03/2024, 14:57:07 UTC
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.
Wait a minute, let me get something out of this.

How do you have an income source that isn’t steady but somehow it’s able to sufficiently cater for all your expenses which wold be regular and continue to grow on you without you having a regular source of income?

Even still, you need this income source to allow you some investment funds to DCA with and still, it’s not a regular income source…

I don’t think it’s possible, we have to face the bitter truth that, you need a regular source of income. A contract or something and that is also one way to ensure you invest in Bitcoin, your able to hold.
isn't it strange. How do you even think about buying Bitcoin when you don't have a sustainable source of income? If you don't have a sustainable source of income it's obvious what you need is a job and not an investment. Can you start building a house without any source of income and you think you will manage to figure things out along the way? This can only come from someone that's making mere statements and hasn't faced real responsibility of life heads on.

Anyone that tells you he started investing into Bitcoin without having a source of income is either gambling with the invested money hoping to get quick returns within a short space of time just so he can start up something for himself or he is just blarbing lies and have no holding in his portfolio. Even those that have a sustainable source of income still have to set out some reserve funds from their earning to enable them accumulate effectively without having to face unplanned issues and you think it's going to ba an easy adventure for a person who's still struggling financially?

Let's be realistic and face this as people that are not mere cheap talkers.