Quote from: bitLeap on Today at 07:35:51 AM

Quote from: Justbillywitt on May 26, 2024, 07:02:07 AM

See this matter of investing in bitcoin is also something we should take seriously as much as we need to plan for our daily needs, we also have to understand that needs don't finish and they keeps coming up on daily basis, but as much as we have to take care of other things we have to understand that we have to take our investment in bitcoin very serious too. If someone is making a monthly income of $200 and he is investing only $10 I think it's very poor. If you are making monthly income of $200 you should at least invest 10% of the money which is $20 and I don't think it's too much. If $190 can carry you for a month, I think $180 will equally be enough to carry you for the moment. In as much as we are investing, we should also target to have a reasonable amount of fraction of bitcoin and to accumulate it, we have to make some certain level of sacrifice.

2 years ago, I did this for a year with only a small income but still struggled to allocate 10% of my income to Bitcoin. As time went by the income increased, I decided to increase the allocation from 10% to 30% until the peak of this year's ATH has provided significant profits. enough to create a dream home. I still hold the rest because for me investing in Bitcoin at any time has been an obligation from the start. There are no other options other than Bitcoin and an emergency fund. It has been proven that during long term investing we are able to feel the difference, especially from an economic perspective, both for basic needs in the kitchen and for going on holiday to the place we want to go.
It all comes back to investment discipline, the nominal amount issued is adjusted to your abilities. Don't feel left behind by other people because everyone's investment targets are different, make your own targets and once they are met, increase them according to the calculations that have been planned. As long as we have principles and discipline in investing, we will not deviate from the path. However, this cannot be separated from ensuring that the main income must be stable, or even if it is not stable, at least if you occasionally get income, it is preferable to increase investment assets.

Is so good to hear your journey on bitcoin, and i enjoyed the way you narrated it. it goes to tell people that bitcoin is not a quick fix way of making profit from an investment, people just don't want to go through the rituals of endurance and patient on investment. I saw how you where able to increase you allocation from 10% to 30% even up till the peak of this years ATH. Hence you have a constant capital and your discipline with your investment plan, surely the sky will be your beginning plan.