Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Proty
on 11/03/2025, 20:03:35 UTC
It is not even advisable for someone to invest in Bitcoin when they do not have a stable source of income. It is very important to have stable sources of income before you invest in Bitcoin. Not having a stable source of income can lead someone to sell their Bitcoin prematurely while trying to hold it.If someone does not have a stable source of income, whenever they need money, they will definitely end up selling their Bitcoin. Unfortunately, the timing might not be favorable. For example, if the Bitcoin market is down at that period, they may be forced to sell at a loss.

Short-term investment can be considered as trading, and even with a stable source of income, it is likely to lead to losses because trading carries high risk. Combining trading and investment is not a good idea. Once you continue losing in trading and your trading capital runs out with no way to acquire more funds, you may be tempted to use your Bitcoin investment. From there, you could lose all your Bitcoin.it is better to concentrate on Bitcoin investment rather than trying to combine the two. Some people who have tried this in the past regret it because it caused them to lose all their Bitcoin.

No doubt it is good for an investor to have a stable source of income, however an investor can start his bitcoin accumulation while working in his income instead of waiting to have worked on his income before starting. I see nothing wrong with an  investor accumulating bitcoin an at the same time while working to have a stable income .There are some unnecessary expenses that can be cut down,for example the money we spend on clubbing, buying unnecessary items that we can deal without it and it will not have any effect on us.we can decide to use this money to invest in bitcoin.Finally an Investor without a stable source of income can invest in bitcoin while working towards stabilise his income.