Quote from: Publictalk792 on Today at 01:35:06 AM

Quote from: Just Say on July 01, 2024, 07:16:23 PM

Everyone makes this investment as a sign of long-term holding of their Bitcoin investment before investing. But many of them are not able to keep their investment for long mainly due to their lack of proper investment plan and source of income. Suppose you invest in early stages and even swear from the beginning that I will continue for a long time. After you start investing in bitcoins, you find yourself in a financial crisis and sell your investment. Such is the case with many people that they try to keep their investment for a long time but they cannot continue their investment for a long time due to lack of sufficient opportunity i.e. lack of sufficient money.

So before investing in Bitcoin make a decision in such a way that you never have to sell your investment. Set a specific goal and keep investing until you reach that goal.

I completely agree many people invest in Bitcoin with intention of holding onto it for long term but mostly they are forced to sell due to financial constraints or lack of proper planning. It is really important to have a solid investment plan and stable source of income before investing in Bitcoin. Setting specific goal and sticking to it is very important so we do not end up selling our investment prematurely. It is important to be realistic about our financial situation and only invest what we can afford to hold onto for long term. By doing this we can avoid pressure of selling during market fluctuations and achieve our investment goals.

I don't know how long we have to stay in the loop of this stable in FR...can you possibly define the term stable income, Not everyone has a stable income and not every stable income will last forever.
You can start Bitcoin investment without a stable income and work towards getting a stable income (sure no doubt that a stable income can help ones investment), Besides it depends on what you define as stable income just as have said earlier, we all have a view of defining our stable income, what you call a stable income might not be stable to another person.