Quote from: Zackz5000 on April 25, 2025, 08:29:03 PM

Quote from: WatChe on April 25, 2025, 07:18:58 PM

Quote from: As-Soon-As on April 24, 2025, 11:44:44 PM

You should not be aggressive in collecting Bitcoin, but you can do it according to the DCA method. Whenever you invest according to the DCA method, your investment will be balanced and you will be able to keep it for a long time by following the DCA method regularly. However, if you face a financial crisis even on a monthly basis, you can avoid your bad expenses, because you will eliminate your bad habits and add the money you save from there to your investment.
The more money you can add to Bitcoin investment, the more Bitcoin you will be able to accumulate at the end of the year, we will definitely be able to keep it for a long time by only collecting money and investing Bitcoin regularly.

It must be mandatory for all of us to develop habit of savings. Their are lot of ways in which we can do savings and best of it is to invest in Bitcoin. Everyone has it's own limitations for investing in Bitcoin, the one who can easily afford 100$ a week should invest 100$ per week while the one who can afford to invest 10$ per week must keep investing that much money. It may look boring or useless in start but it's real benefit will be evident if you keep investing for years. Bitcoin price will go up with time and we must be ready to take advantage of that price hike by investing at right moment.

Bitcoin investment shouldn't be done the way you have just explained it, when you invest all you get in a week into Bitcoin investment it can be considered as gambling because you are not investing from your discretionary income, if you invest all you get in a week into Bitcoin what will you then use to sort out your daily needs or other necessary needs when they come up.

Since bitcoin investment is for a longer time we are expected to invest using our discretionary income.

Yeah you are right Zackz5000, when it comes to bitcoin investment you invest using only your Discretionary income if you are using money meant for paying of bills to invest in Bitcoin then you are making the wrong decision whether you are a Bitcoin trader or investor, when you use money meant for paying of bills you will surely have no peace of mind and as time goes on you will dip hands into your Bitcoin investment to pay that Bill.

There are some people who use all there salary for the week to invest on Bitcoin hoping get money from somewhere maybe they have a side hustle where they are expecting money from that same week, it very is wrong to use all your salary for the week to invest in Bitcoin because you are hoping to get another money from your side hustle what if something happened and that your side hustle failed for that week and you don't receive any money, this was what made me dip hands into my Bitcoin investment and it thought me a lesson so when you get your salary for the week use only your Discretionary income from that salary to accumulate Bitcoin and then when the side hustle money comes you can decide to invest all.