Quote from: Fuso.hp on Today at 03:37:40 AM

Quote from: Cryptoprincess101 on November 06, 2024, 08:38:52 PM

Quote from: Mayor of ogba on November 05, 2024, 01:34:25 PM

I know so many people are eager to start their bitcoin investment, but don't get me wrong, bitcoin investment is not something someone should rush into or make sacrifices to start because the person might fail with his bitcoin investment. If you are struggling to sort out your daily expenses, you are not ready to start a bitcoin investment, and don't try to make sacrifices by depriving yourself of some basic needs in your life just to invest in bitcoin.

Rushing or not rushing to invest in bitcoin is just based on the financial capacity of the investor, if they have discretionary amount to invest with then why not rush and start. Bitcoin is the talk of the world currently so it will really be cowardice for people not to make haste and invest so far as it won't affect their basic obligations of life. Someone who is still struggling to meet up daily needs should rather get a job before starting to invest in bitcoin because someone with no job and chooses to invest may end up selling so soon since they don't have other means that provides income for them. Bitcoin is a high valued asset so it wouldn't be bad if people rush to own investments in it, but the most important thing is that anyone who wants to invest should be able to have a reliable source of income that they can use to DCA till they have grown a huge investment in bitcoin.

I don't think investors have to wait long to invest if investors are making consistent investments. By continuous investment we mean investing a fixed amount of money at the end of a fixed period of time. A series of investment strategies are generally calculated based on the investor's income. For example, if the investor receives a monthly salary, then he must invest a certain amount of money consistently monthly, and if the investor receives a weekly salary, he will invest weekly. However, even though investors adopt different strategies for investment, everyone's strategy should be the same, that strategy is to invest continuously and the most important strategy of this continuous investment is DCA investment. Generally this method is considered as the easiest and most effective method of investment. In this way, investors are successful in implementing long-term investment plans.

I get your point but it seems you don't understand what they're trying to say, they're not talking about hesitation of investment but rather being financially capable to keep up with Bitcoin investment which is very important, it's plats an important role for successful investment cause someone that's struggling to make ends meets would find it difficult to kee buying continues which is one of the most effective and easiest method of Bitcoin investment. Therefore an investor most have a stable income, the investor mustn't be very rich but atleast must have an inflow of income to make ends meets and still invest effortlessly that's why i think someone with a job is not really qualified for Bitcoin investment cause they'll struggle to keep up, imagine taking loans to invest on Bitcoin or gambling and hoping to win and invest on Bitcoin such person is bound to fail cause Bitcoin investment is long-term and one of the easiest ways of being successful in it is continues investment.