Quote from: ginsan on January 22, 2025, 09:22:56 PM

Quote from: fredericktaylor on January 22, 2025, 06:56:54 PM

I agree with your. I prefer long-term planning with Bitcoin, so from my point of view it becomes a bit difficult for poor people to invest long-term, because they don't have enough money to invest. However, it is more important for poor people to have an emergency fund than for rich people, as their income is less stable and unexpected expenses can further damage their finances. If a poor person wants to invest in Bitcoin, he must have an emergency fund because his long-term investment can solve the problem from the emergency fund in case of financial problems, that's why basically every person needs an emergency fund.

You call it poor people fail to invest for the long term, of course that doesn't make sense, my friend.

Not a group that can be mentioned in your explanation, poor people and rich people are the same if they want to implement long-term investment, they can definitely do it as long as they are willing to hold.

Likewise in bitcoin investment, investors only need careful planning that they can carry out in the early stages of purchase until they reach the final stage of purchase. How investors only need patience in investing in bitcoin because it is impossible for us to get rich as quickly as possible without the efforts we have made.

Therefore, trust your own decisions, use your income to invest because life requires savings or deposits, so a better savings is of course to have Bitcoin in our portfolio.

I agree with what you have said so far. Both the poor and rich can adapt long term investment. Being poor doesn't stop anyone who is investing gradually in DCA not to holding their Bitcoin for the long term. It's all about knowledge and mindset. Even a rich investor with huge Bitcoin in their portfolio is mostly tempered to practice short-term investment because their Bitcoin is high so will their profit be high in the short term. Like i said it's all about what we have learned in investing in Bitcoin that we make us understand the important benefit of holding for the long term.

Quote from: ginsan on January 22, 2025, 09:22:56 PM

I think there are no types of investors, whether rich or poor, they are still called investors. To start investing, we only need a regular income that we get from our jobs, the remaining or discretionary income will determine our investment, meaning if discretionary income can be used for investment, then the investor is wise in thinking, but if someone uses discretionary income to gamble, splurge, then he will not be able to change his fate in the future.

Of course in general we all are investors but our financial level varies based on our discretionary income and what we put into Bitcoin whether monthly, weekly, or yearly. That can differentiate the status of investment to be either rich or poor. However, there are those who are extremely poor to start an investment such people are advised to not go into Bitcoin investment even with their passion for it unless they are capable of solving their needs and have more to invest without tampering with their investment in any circumstances that may arise in the future.