Quote from: Roseline492 on May 16, 2024, 08:46:45 PM

Quote from: Mayor of ogba on May 16, 2024, 11:19:59 AM

Someone living on a salary of $50 a month will find it hard to cover his living expenses if he decides to invest in bitcoin, and the person might not hold his bitcoin for the long term. Since bitcoin investment is a long-term investment, we should have a good income source that will help us invest in bitcoin with the money we can afford to lose.

Well it could be possible for someone who earn $50 on a monthly basis to accumulate Bitcoin using a certain amount from there and at the same time it could also not be possible reason been that it could happen that the person is still staying with his family were almost everything is provided for him by his family and doesn't have any responsibility so with that you can see that his monthly salary can hardly affect him if he intend to invest a certain amount into Bitcoin either on a weekly basis or a monthly basis, so actually when we talk about impossibility of someone who earns $50 on a monthly basis to invest on Bitcoin we should also try to consider there could be chance for the person not having any responsibility at the moment.

i have seen many comments regarding my response to $50 not a reasonable amount to invest and to set aside for emergency and reserved, and it is causing alot of misconception. I wouldn't have talked about it though but I thought I will explain more better. the thread has explained about Investment and how we can start as little as possible yes it s true any suggestions of anybody about how little they can start up with is fine by them. according to Roseline492 she said that someone who leaves with their parents can be able to invest and have some amount in his discretion because the person is fed by the parents but what if the person is staying alone without his parents? definitely that amount would not be able to withstand everything he is definitely going to sell of his Bitcoin. In actual sense, investment is for mature people who can take care of their bills/ responsibilities and be able to invest in bitcoin and have discretionary fund and also an emergency fund for a long time horizon and we can not deny that fact. when talking about investing we shouldn't be carried away by how small we feel we can start, but how far we can go continuously with it. we all know bitcoin investment required us to invest either through DCA, dip and HODL and lump sums trategy. and this $50 amount as a salary is not enough to handle any of this strategy properly and be able to have enough in our discretionary or reserved. how steadily we can be able to maintain the BTC investment time horizon surely depends on our discretion, when your salary can not be able to put a reasonable amount to discretion after family expenditure how can you be able to continue DCA? it may sound somehow to you guys, but believe me in my own understanding I know what am saying I have family I carter for and I know how much money I spend on feeding for my family how much I also set aside for emergency and reserved in weekly so I know what am saying considering the inflation all over the world. though to some countries $50 may be a reasonable amount to withstand all but in my country it is very poor. maybe it surely depends on your own opinion and the value of some countries currency. any way is fine but the main point is that instead of Involing in some investment that will make you sell of you bitcoin HODLing due to the inability to maintain balance ⚖️ between discretion and bitcoin investment, is better not to invest atol. but if you can be able to maintain the balance for longer time horizon then no problem.

Quote from: Nheer on May 17, 2024, 12:20:25 PM

Quote from: Tmoonz on May 16, 2024, 10:18:42 PM

Quote from: Nheer on May 16, 2024, 09:08:26 PM

Quote from: Salahmu on May 15, 2024, 06:03:54 PM

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The amount we invest depends on how much of our discretional and disposable income we have after taken care of our personal needs and a provisional emergency funds, yeah you right about saying that those who have lesser risk tolerance level we tend to invest more than those that have higher risk tolerance level which differs individually even in terms of our income flows and expenses so any one can only invest the amount that suits him or her in terms of income flow, psychology, risk tolerance level and investment goals and objectives.

It doesn’t really matter how much we start with and all that matters is to invest in bitcoin and gradually we can build our portfolio and accumulate more bitcoin regardless of one’s risk tolerance level.

you seem to be misunderstanding the whole concept of investment. your sudjestion does not speak of a good investor. a good investor doesn't invest blindly without considering the level of his discretion. you can't just start to invest in DCA while you have no plans for discretion. as a matter of fact if you dont have reserved or floats there is no point to invest because you will definitely sell of the rips down the road. when you don't have a reserve to fuel your DCA.

Quote from: Nheer on May 17, 2024, 12:20:25 PM

When investing you should try not cross your limits and only invest what you can at a time.

before investing, you must have a focus of a longer time horizon or duration, you must have steady flow income generation that will help you have some reserved fund to be able to DCA weekly and be able to provide for other necessary expenses. and yet you don't feel like you are even investing in bitcoin.