Re: Buy the DIP, and HODL!

Having a stable income is very important because its help an investor not to dip hands in his investment in case of any unexpected expenses happens,with a stable income the investor will be able to take care of it but it shouldn't be the only criteria to sustains an investment. I believe they're some investors in Bitcoin that doesn't have a stable income and yet they have been doing well in their holdings and haven't dip hands or tamper with their investments. An investor who doesn't have a stable income can still be using the little available funds at his disposal whenever he has it to buy Bitcoin using DCA and can be still be accumulating at slow pace in the way that it will not affect his financial status. Like for an instance,since the investor doesn't have a stable income and in other for him not to tamper with his investment when the unexpected happens, whenever he has an available cash no matter how little,he can just split it into three,one parts goes for his bitcoin investments,second for his Emergency funds and the third for his personal spending. With these the investor can Hodl longer without ever falling back to his investment since he hasn't yet secured a stable source of income.

By having a stable income, of course, we will be able to maintain the assets that we have invested and also continue to increase the investments that we run, but we must be able to manage our income well so as not to spend it on things we don't need so that when we experience emergency needs we still have funds that we can use for those needs and not take the assets that we have invested. When someone decides to divide the funds they have into three parts, of course this will be very good for them to be able to maintain the assets they have invested and if this can be done consistently, of course they will be able to make a profit from the investments they run.

Even with a stable source of income if you are into bitcoin for quick profit the possibilities of being in profit without holding for a long time is very slim and the risk of losing one asset is there .It is good for an investor to have a stable source of income for consistency in bitcoin accumulation however not having a stable source of income shouldn't stand as a hurdle for not investing in bitcoin or waiting for when your stream of income has increased.An investors can be investing in bitcoin an at the same time while working to stabilise his income flow

. Therefore he should focus on starting the investment with small amounts of dollars at the beginning and than backup fund. In the following years, there is a possibility of getting a huge stash with gradual investment growth.

It's not compulsory for all new bitcoin investors to start with little amount of money as low as $10 in the beginning of their investments. Investors that should get started immediately with little amount of money are those who don't have large discretionary income or they have but are in doubt of bitcoin as a good place to throw some value in.

If you can start your bitcoin journey with $100, then get started. Those investors with large discretionary income can start their bitcoin investment with lump sum and then continue with their regular DCA every week to keep their bitcoin investment ongoing, persistently and consistently. Also they have enough flexibility to invest aggressively. Let's not misunderstand the concept on how to invest and our aim of investing.

The aim of investing is to accumulate as many bitcoin as we can with our discretionary income for 4-10 years and above, and also to try and invest aggressively if we can so that we can reach our bitcoin target fast. It's better to invest aggressively if you can in the beginning with DCA in a fast pace than invest in a whimpy way when you can buy aggressively.