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Merits 1 from 1 user
Re: Buy Buy Buy or Sell Sell Sell?
by
Ruttoshi
on 29/01/2025, 17:00:26 UTC
⭐ Merited by JayJuanGee (1)
1) have a good investment budget
2) have different stream of income
5) have a separate steady income mapped out for Bitcoin investment only
These ideas are good for investor  but anyone who wants to invest can start immediately without having these 3
how do you start investing without having a budget? i know that having a different stream of income or a totally different stream of income that will serve the purpose of your bitcoin investment are kind of redundant and unnecessary for so many reasons but as a starter having a good investment budget is a very good start that helps one have a smooth investor journey that can last long for a long period of time.

on the matter of having an alternative stream of income or having a separate source of income that can go into bitcoin investment, i think that to a very large extent, this is the same kind of thought process that those that advocate for diversification has that gives them the impression that diversification of one's investment portfolio into bitcoin and some altcoin is the safest way to go. i agree with you on this and the fact is that you don't need different stream of income before you can build a good finance. a single source of income is enough to build the strongest of investment portfolio. instead trying to create different sources of income, if you use that same energy to ensure that your single source of income is doing well, it can even help you to concentrate fully on your job while setting out your budget from your earning.

faithfully building capacity in a single job and investing from that will good you good returns than trying to jump after different jobs just because you want to be seen as one that has different stream of income and at the end you end up causing just distraction for yourself.



First of all, there is no way you can commence a journey without knowing your destination, you most have a good sketch out of your destination before you can arrive there successfully. The same thing applicable in bitcoin investment.

Having a good investment budget is very important to any bitcoin investors, perhaps creating a target or goal to be achieved by that investors. These will also create discipline, commitment and enhance success in any investment been made.


Is not really mandatory to have different stream of income before you can go into bitcoin investment,  with a single slow and steady source of income you can make it big.
Of course, you can start your bitcoin investment provided you have discretionary income no matter how small it is. You van start buying bitcoin for as little as $10 every week or month to get started first. When you have started your bitcoin investment, and you can start looking for a way to increase your income due to the increase in believe and confidence for bitcoin, so that you can increase your DCA amount.

You can be very lucky along the line to be able to increase your income by getting a promotion at work or getting a better job or another means of income as we expect that as time keeps passing on, more opportunities of increasing our income will play out in our lives. What really matters is to get started and keep your bitcoin accumulation ongoing with persistent and consistent weekly or monthly regularly. There's power in little gathering.