Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy Buy Buy or Sell Sell Sell?
by
Marvelockg
on 31/10/2024, 13:17:29 UTC
⭐ Merited by JayJuanGee (1)
[quote author=I_Anime

If we want to became a good or at least successful investor a multiple source of income is really important since the generated funds we get is somehow a good basis on how long we could able to last on long term investment path that we choose. Investment with bitcoin needs patience and consistent income flow so we need to be secured or consistent so that we could able to last up to 4 - 10 years or depends on the years set by each investors.
having multiple stream of income doesn't entirely translate to being financially bouyant for the long run. It's not like it's a bad approach to sustaining your income most expecially for someone that's DCAing for the long term but if you're able to structure your stream of income such thay it almost becomes impossible for it to run dry, it's going to give you the concentration of staying committed to your business while being regular at your Bitcoin stacking.

How regular and disciplined you are as regards your investment doesn't even rely much on how many streams of income that you have. If while you're with a single source of income you can't stay committed to buying regularly, when your earning increases, it might even be deficult to increase the amount you've set out for your buys. Creating a balance such that your quest for having a multiple source of income doesn't turn out to become a major distraction that hinders you from buying Bitcoin or that pushes you into procrastinating till you've succeeded in building the stream of income is very key and instrumental for your success in Bitcoin investment.