Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Tmoonz
on 27/01/2025, 16:22:37 UTC
Anyone who earns, and truly wants to invest in bitcoin won't make excuses. There are strategies in Bitcoin investment that make it easy for anyone to invest, no matter how little they can afford. Its all about determination and taking steps towards your financial goals.
If your earnings is not enough, atleast there are things we buy or expenses we make most times that are unnecessary, its important to start budgeting your expenses look at areas where you buy things which are not essential and save, even if its little by little at a time it will add up over time. You can also consider engaging in other side hustles to increase your income. This way, you can start investing little by little.
I think that instead of reducing your expenses for investing in Bitcoin, you should focus on increasing your income. To start investing, you need to make sure that you have a prudent source of income. Are you able to meet your daily needs with your income source? Keep in mind that there is no shortage of daily needs for investment. Be it in the field of entertainment or furniture. If you call these unnecessary and exclude them from the list of daily needs. If your income source is unable to meet all your needs, then you should look for an alternative source of income. Yes, you can reduce some expenses that are hurting you or unnecessary money beyond your needs. However, depending on this money, it may not be the right step to start investing.

The main basis of investment is the source of income. If you are not prudent with your income, then you need to look for alternative sources of income. If your income source is shaky or weak, then your investment will be at risk in the long run. You certainly don't want your investment to be at risk or subject to unexpected sales. So, planning to invest with any kind of gap in demand may not be the right plan. You need to have a strong plan for your investment, especially with regard to your income sources.

At some point there is nothing absolutely wrong for anyone to curtail their expenses just to invest in to Bitcoin, for example, one can reduce eaten out side maybe once in while, you can go for a less expensive car, build a duplex instead of a bungalow, reduce how he or she go for  a vacation. I have come to understand that anyone who overly prioritize their personal expenses can never make an investment because your income can never be enough for you, what is mostly important is to figure out whatever that might consider to be a basic are taken care of after which maximize an effective funds allocation that will enables you to comfortably accumulate your Bitcoin without pressure.