Quote from: Justbillywitt on Today at 05:21:39 PM

Quote from: CryptocurencyKing on Today at 01:22:27 PM

Quote from: Salahmu on Today at 12:59:14 PM

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?

From his explanation, what I got from it is that the person is not on any job that pays him on a weekly or monthly basis, rather his job is on contract basis of which whenever his services are required he will be called upon. Yeah there are some craft men or artisans who only get money when they are being haired for work. This is not the same as those who are on government or company pay roll or are gainfully employed. These set of people can usually make a lot of money on a particular job they get and most times their pay from a single job can be 3x the money someone who is earning monthly salary gets in a month. So with this you can always settle bills as one can easily be hired for numerous jobs within a month. This way such person can still pay bills and invest in bitcoin. The excuse that some people gives when interacting with them on why they don't own bitcoin, they will tell you they don't have a paid job. But some of them are actually making money more than those living on a monthly pay cheque. Like he said earlier investment is about mindset and not about how much you earn.

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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.

Yes we need a source of income to make investment, what @Salahmu said was, he thought it was only those that have a weekly or monthly flow of income that can invest in bitcoin until he came across someone who invested in bitcoin with his side hustle, which comes up at different intervals. Probably the person is an artisan who get paid whenever he is called for a job, and from the money he makes he still invest in bitcoin. In this case his skill is his source of income.

The emphasis was that you must not have a steady income flow before you invest in Bitcoin, but you need to have an income that is more than your expenses whichever way you have the income it must not be steady but you should be able to take care of your needs and strive not to sell your investment in other to take care of your needs.