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.
If an investor has a good source of income and if he plans to invest consistently while having a good source of income then I think that investor will be successful with his investment plan. But an important factor that will work in this case is how much money the investor is consistently investing. Although it is a bit late to start investing, I would say that before starting investment, you should start investing with a proper plan. I think it would be a better move for any investor to start investing with some time and stay with that investment rather than selling the investment mid-way through the investment.
Suppose an investor earns 1000 dollars every month, after earning 1000 dollars he spends 500 dollars on his family activities and the remaining 500 dollars is left at the end of the month. If the investor invests this $500 in three parts, I think he can maintain the consistency of his investment very well. Out of these three parts, one part will be kept in the bank for future needs, one part will be kept for incidental expenses and the remaining part will be spent on investment. By doing this he will not feel investment pressure in any month and he will be successful by investing consistently.