Quote from: SuperBitMan on December 12, 2024, 11:46:08 AM

Quote from: sotelorene on December 12, 2024, 10:07:56 AM

Quote from: Ricardo11 on December 12, 2024, 04:38:46 AM

Quote from: $crypto$ on December 11, 2024, 09:34:12 PM

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Quote from: Zanab247 on December 07, 2024, 06:16:40 AM

You can buy BTC all the time when you are financially buoyant, don't forget that all investors are not equal in this industry, and it will be favourable to buy BTC in the bear run because there is a chance for investors to boost their profits in the bull season.

Financial buoyancy doesn't mean one is ready yet for investment. However, it is more a criterion to being any investment which is having the capital yet and stability to invest in the long term. Just because someone has the money doesn’t mean they should invest without a plan. A person should assess their goals, financial obligations, and overall strategy before investing in Bitcoin. Most persons who started investing a long time ago and held till this current ATH. It was not all about the finance alone but the goals they set for long term.

Financially stable people will easily make any investment plan including the strategy he plans in investing in bitcoin so it will be easy for those who are desired when they have a stable cash flow.

I believe when they have stable finances they will think about investing for the long term, they already have reserve funds so investing in long goals makes them confident in the future, especially by buying consistently all the time then the travel time he lives with long will not have obstacles because finances are quite stable.

For those who have a good stable cash flow and always keep "emergency fund, reserve fund" ready, it is easier to set the goal of long-term holding. Because if stable cash flow and reserve fund are ready, it will give you a different confidence, because at that time you will be ready to face all obstacles.
And in the case of investing in Bitcoin, real success cannot be achieved without long-term holding, because Bitcoin is a long-term potential asset, so those who have stable cash flow should invest in Bitcoin using DCA, and decide to hold for more than 10 years.
If the financial situation is stable, their investment can be maintained for a long time without any obstacles, and much good success can be achieved in the future.

You are absolutely right, having a stable cash flow is what determines how far someone will go in any investment bitcoin investment to be precise. Though one can actually investment without a stable cash flow but the investment is not going to be consistent and of cause it will not grow as it is suppose to... but sable cash flow will help a serious investor have a good and smooth running investment regardless of any circumstance. however, even with stable cash flow some investors sometimes do not still do well because of lack of discipline and patient.

I don't agree with you, having or not having a stable income won't determine your success in Bitcoin investment what determine your success is your patience and consistency, you may not have a stable income but as long as you have a source of income that takes care of your necessities and also live you with a discretionary income you can become successful in Bitcoin investment.
I have a friend that don't have a stable income because his a contractor sometimes for 2 months he won't buy Bitcoin and sometimes 4 months however when he gets a contract he buys with a huge amount and then hodl he has been doing this for 5 years now and he has accumulated a lot of Bitcoin even more than some of his other friends that has a stable income, so you don't have to measure being successful or having more Bitcoin by having or not having a stable income.

You are wrong; having a stable income flow is one of the factors that will determine your success in bitcoin investment because it is what will help you to be consistent in accumulating bitcoin either on a weekly or monthly basis and allow you to build up your emergency funds, reserve funds, and floats, and also help you to sort out your daily expenses as you are in your accumulation stage. That friend you are talking about will not be consistent in accumulating bitcoin because he or she doesn't have a stable income to do that, and it will delay his or her bitcoin accumulation journey, and since your friend doesn't have a stable income to accumulate bitcoin consistently and invests huge amounts of money any time he or she handles a contract, which is an aggressive buy, he or she might get off the game since he or she doesn't have a stable income, and he or she is investing in bitcoin in such a way that he or she will not have enough money left to sort out his daily expenses.