Quote from: Proty on Today at 04:15:15 PM

Quote from: SuperBitMan on Today at 07:26:21 AM

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.

It will be unwise for an investor to use all his income either monthly or weekly to accumulate bitcoin without first sorting out his discretionary income, as to know whether he has discretionary income at his disposal to be used for accumulating bitcoin.using funds for family upkeep for accumulating bitcoin may not just be stressful but rather exposing our investment to the risk of dipping hands into it before the anticipated time line and also there won't be room for emergency funds and making our bitcoin investment to be unstable.

Not only is it unwise but it is also stupid and only a fool would use his entire weekly or monthly income to buy Bitcoin and I don't think any investor would do that, and it doesn't only apply to Bitcoin and those who make any investment will definitely prioritize their basic needs or living needs first and only leave money that is really unused or called discretionary income that they can actually use to be divided into two parts, namely for routine purchases that you invest in or Bitcoin and also for emergency funds or reserve funds that you do both together for the long term.

And if there are investors who make aggressive purchases using all their income then that is a criminal act and also unreasonable. Because it is certain that the investor no longer has money and what about their important needs, especially the need to survive such as eating, drinking and other important needs, it makes no sense at all unless they have other income outside of their main income and that makes sense but they still have to have an emergency fund or reserve that should not be used for aggressive purchases because whatever the reason, one day it will definitely be needed which happens unexpectedly without using the long-term investment that you have built before and used because you were forced to before reaching the desired target.