Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy Buy Buy or Sell Sell Sell?
by
Promocodeudo
on 04/02/2025, 15:55:55 UTC
⭐ Merited by JayJuanGee (1)
Of course, it will be helpful to have a strong source of income before getting into bitcoin, yet it is not necessary to have a strong source of income before getting started in bitcoin.   At the same time, it is quite logical that if any of us plan to hold (and continue to invest) into bitcoin for 4-10 years or longer, then there has to be some ways that we continue to generate income that is at least enough to support our expenses so that we do not have to tap into our bitcoin investment at anytime that is prior to our own choosing.. .. yet we also know that many folks do not have steady incomes and even have to struggle to keep whatever income that they have flowing, and they will come into much better financial and psychological circumstances if they are able to improve the strength of their income.. but it is also is not necessary to establish a strong source of income prior to getting involved in bitcoin, even though surely our bitcoin investing will likely become stronger if we are able to improve our income amount and our income reliability.

@JayJuanGee am very happy that you were able to make a detailed clarification to this, so that some people wouldn't be seeing it as a must that they must have a very much active source of income before they can actually invest in Bitcoin, I think some people fail to understand that one can actually start investing in Bitcoin at first with few bucks coming in as there source of income as far as the income can Carter for their personal needs and the said investment but for maintaining the said investment for a long-term, an investor have to go for more source of income to increaese their DCA level and also have enough for personal need respectively in other not to be discouraged half way.
As much as I understand that one can invest with as low as $1 I think there's nothing to worry about, what matters is to start first and then make sure you hustle for more source of income to enable your consistency in the investment to work very effectively and to hodl without pressure and stress to sell prematurely.