Quote from: Bravut on May 08, 2024, 11:53:40 PM

Quote from: JayJuanGee on May 08, 2024, 10:21:01 PM

there are various levels of poor people, but yeah, there can be poor people with very little discretionary income and they would be less poor than the guy who has absolutely no discretionary income and is struggling in other ways with basics of life such as food and shelter... .. and we do likely know that there are a quite a few people who are not able to save and/or invest.. so yeah, if they cannot somehow increase their income, then they would not be in a position to buy bitcoin.

True. They might have the intention but the truth remains that the financial status of any individual often is a limitation to there proposed investment plans. The reason why many fail in bitcoin market is simply because they neglect this factor and think of bitcoin as a get rich scheme with a wrong orientation from ignorant individuals. So they invest everything hoping to for max return within the shortest possible time and the reverse be the case they get pissed up and regret. Because they weren’t really about investing but to improve there standard of living which isn’t the right state.

Yeah that's true, not only do they invest on bitcoin and waiting for the results to come so quickly but they fail to understand that bitcoin Investment work properly when you have reserved or discretionary fund that will help to help to keep a balance, otherwise they sell off there bitcoin investment and that is a childish behaviour or attitude. Another thing that they also lack a long term goal and not having a steady means of income to support the DCA approach and the emergency and reserved fund. Sometimes we don't necessarily need to be over rich to invest we just need to have a float / reserved to be able to maintain out plan.

Quote from: Uhwuchukwu53 on Today at 04:58:47 AM

I agree with your saying but can't give it above 50% no matter a state of being of an individual who have the mind set if investment he/she can invest and still hold, investment is of different stages just as business capital can be you can start small and make it greater at the end , a sound minded person in the area of investment can achieve it, the problem of many who claim they are poor is poor mentality of exaggerating that every thing required high capital, you can be an investor who is not financially solvent but you can afford $20 for instance convinently, you don't see it as small investment because that is your level

Year you might be right I some sort of ways. Though a sound minded person in the area of investment might make it as you said, but it takes more than being a sound minded person to invest in bitcoin. Bitcoin investment need a physical practice to be able to achieve our goal. Affording $20 conveniently is not a guarantee of a successful investor, to be a HODLer you must be up and doing to maintain a constant reserved fund after investing in bitcoin. For you to be a good HODLer you must be patient, develop the habit of constant investment through DCA strategy and seeting aside your reserved to enable you not to sell your HODLing too quickly when you are out of funds.