Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Samlucky O
on 13/12/2024, 15:44:25 UTC

Poverty is never an excuse not to invest in Bitcoin as long as you're alive and healthy.

To survive in life, money is definitely needed, but I think the remaining money after meeting the basic needs of your family is definitely alive. However, there is no remaining or specific money allocation for investing in Bitcoin, there is enough level of investment that you can invest according to your ability. However, you should never see it as a burden, Bitcoin investment never asks you to invest more.
You will be interested in investing in Bitcoin according to your ability, but for it to last for a long time, you must use the DCA method. There is a calm strategy for investing in Bitcoin for both the rich and the poor, in which both new and old, rich and poor can invest here. So you should keep yourself busy only to buy Bitcoin.

In fact, Poverty should never be a barrier to Bitcoin investment.
You can't really say poverty is never a barrier to bitcoin investment. Surely  We all kmow how the economy is so hard, we have different categories of people and their financial level.  We have the low class , middle and or average class  and lastly the high class. So surely the highmay invest comfortable because the money is there while  the average class may manage to invest at least but the low class or poor person may not be able to feed talk more of investing.

After meeting your family's and your own basic needs, which amount of money you have Remaining, (No matter how small, the quantity is not a problem), With that, you can continue with DCA. but, If you want to have a chance to achieve real success with Bitcoin, you must hold for a long time, such as at least 10 years.
Because when you hold for a long time, it will bring long-term success by avoiding short-term risks.
No matter how rich or poor an investor is, if he buys Bitcoin through DCA with the amount of money he can afford and holds it patiently for a long time, good success will come in the future.
This explanation here can only work for the high and average class but applicable to the low class or poor person.  We should not totally say there is no poor person that can't invest.  Although they can invest if they are lucky in to have a manageable something doing that will yield money.



Poverty is never an excuse not to invest in Bitcoin as long as you're alive and healthy.

Snil
A poor person can hit a jackpot from lottery, or thereabout and have a lot of discretionary income at his disposal and in that case, it's better to lump sum rather than keeping the money and possibly ending up using it for unnecessary frivolities.
Your explanation is good that a poor person may hit jackpot and have enough discretionary income but the fact remains that wining from gambling is very difficult he may never win because gambling is not  a business to generate income.  Instead of gambling to win a huge some of money to invest it's better of to learn a skill and be productive to earn money to invest. Gambling is game not to hope on.