Quote from: Zackz5000 on Today at 07:12:31 AM

Quote from: MissNonFall9 on Today at 03:29:46 AM

Quote from: Zackz5000 on February 26, 2025, 05:19:57 AM

Quote from: MissNonFall9 on February 26, 2025, 04:25:57 AM

we should always create such a support fund, whether it is a stable income or a volatile income in my opinion.

The most important thing is to get started first i will say that investing into Bitcoin doesn't require one to break a bank before this so as long as you have a discretionary income to begin with start immediately then along time line you can start making plans on how you can increase your discretionary income through finding other source of income and also make provision for your emergency fund reserve and float, a city is never built in a day start first accumulate gradually using the DCA strategy and sort out other important and necessary things towards to grow your Bitcoin investment while you are already accumulating Bitcoin.

You are absolutely right, nothing is created in a day or a moment. It takes a certain amount of time to create something. Although I am not a big investor, I still think that one should be a little cautious in long-term investments, especially for people from lower middle class families or low income groups like me. But Bitcoin investment is definitely not an alternative to the DCA method. So I think creating a support fund with investments will be a benefit for low income groups like me, so that if they face any unexpected event they do not have to touch or withdraw their Bitcoin funds what I am doing in light of the knowledge gained through this thread, which is constantly helping me increase my mental courage in investing.

What are you even talking about should we keep repeating ourselves here? You are beginning to sound like a trader you will even more rest of mind if you are investing for a longer time, you can gradually be accumulating Bitcoin from your discretionary income using the DCA strategy to purchase bitcoin either weekly or monthly you must not be very rich before you can invest for a longer time, just as Tmoozn has said while accumulating bitcoin you can be working towards sorting out your emergency fund and all the rest of it instead of waiting to fixed them out before accumulating Bitcoin.

Starting to invest in bitcoin is simple, so there's no need to be complicated to explain it. Because basically if someone has money and the money will not be used for a long time, then it could be said that the money can be invested in bitcoin. But if, for example, we don't have cold money yet, yes, don't invest in Bitcoin yet, because of course the investment you are going to make will definitely fail along the way. So simply put like this, if you are a person from a lower middle class economy, I think doing DCA once a month is quite appropriate. Because if you do DCA once a week or once every 2 weeks, I think it will be less effective for people whose economic status is lower to middle class. So doing DCA in my opinion is the right thing. Apart from that, never be discouraged just because you come from a lower middle class family. Because I am sure that if you can consistently carry out DCA on Bitcoin, you will definitely be able to make your family name even better in the next 10 years. So keep the enthusiasm for investing in bitcoin and don't give up.