Quote from: Felicity_Tide on May 28, 2024, 06:57:40 PM

Quote from: Ryu_Ar1 on May 28, 2024, 04:43:12 PM

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.

We need to realize that we don't need to be aggressive from the beginning if we can't bear it until the end because after all, with the current economic conditions that are increasingly difficult for the majority of us whose economic strata are below average, it will indeed be very difficult if we are too forceful.
You have an income of $200 for a month and spend at least $10 meaning in this case 5% if you can afford it like that why not because if you force it to 10% by putting in $20 during but we actually have to mess around with daily needs that we cannot bear it is a careless step in the end.

So in this case it is better for you to invest with all forms of your readiness and if indeed we can afford $10 but for the long term then why not because it is much better than nothing and of course this is much better than we force $20 but the investment we make does not last long because you cannot afford to spend the 10 percent to invest in the time period you have determined.

Very true. When we can easily identify our strength and weakness before even starting any investment at all, there should be a strong tendency of a long and successful investment. $10 looks fine since we know that we are only focused on a single investment plan, and not focused on any form of diversification. To me, Investment shouldn't be a forceful act, but rather something that comes from my own will. When I agree to make a $10 investment for long term, it should be willingly and not forcefully. But from every general perspective, I think it will be ideal to start with what your strength can carry and ensure you maintain a consistent level.

I concur to this, going for the investment plan that you can able to withstand continuously is the best approach to Bitcoin investment, your investment shouldn't be in such way that you won't be able to maintain your content funding, lets not forget that to continue a long term journey an investor is suppose to work with what he or she can afford to invest overtime, this why strategy has been rolled out to fit every investor in such way that we can can't give any excuse not to continue investing, many people that withdraw along the line did it because they couldn't figure out strategy that fits their income, in every investment it doesn't the amount for funding may not matter but what matters is what you can afford and consistent funding of your investment so that your long-term expectations will be achieved.