Re: Buy the DIP, and HODL!

I am new to this forum. I have been on this forum for a few days and I registered. And after that I asked for help in Beginners & Help. Many people gave me many ideas and helped me regarding investment. Now I am willing to invest. But I have no source of stable income. I am still very young and I am studying. I will not be able to do any job along with my studies. I thought that I will invest some amount of money from my father.

If you do not have a stable source of income, then it is better not to invest. If you take money from your father and invest. Then how will you return the money when your father asks you for money. Investment is long-term, such as a period of 2 to 3 years.

I think you can invest through lump sum investment method, but not with money from anyone. For example, if you have some amount of money saved, such as the amount of money you give from your home for personal expenses without spending the entire amount, if you save some amount of money, you can invest with lump sum investment method. You have some money that you do not have to be held accountable for even if you lose it or you do not have pressure on you, you can invest with money that you do not have. Because I think it is better to have a small amount of BTC than not have any BTC. And what if you finish your studies and get a job or do business, you can buy more BTC.

While investing, you have to take care of all these things like emergency fund, reserve fund. For example, an emergency fund is a fund that prevents you from selling your holdings during an unexpected financial disaster, so that you can take money from the emergency fund to deal with the financial disaster.

Advising a newbie or a low income earners not to invest into Bitcoin because they did not have a stable source of income is wrong and can also be misleading where by making them no to start up there bitcoin investment, as they can get started if they have figured out what is there discretionary income to get started that's what is important and can gradually grow there financial ability along their investment process.

The year you mentioned which is 2-3 years which you proclaim to be long time investment is actually a short time investment and can be seen as trading, long time investment should be from 4-10 and above.

You are not far from the truth actually, you must not be in the best possible financial situation before you start your Bitcoin accumulation and investment journey, as long as you have a source of income coming in, you are good to go, because it's through that source you make a budget by drafting how the money will be spent once your paycheck arrives, though as a low income earner or a low coiner, you wouldn't be able to accumulate a very huge stash of Bitcoin very quick, but with consistency and discipline you will get there as long as you never stop buying either weekly or monthly, then along the line you can start working on improving your financial situation just as you have rightfully said.
And take note that no matter how small your income is, as long as the will is there to invest in Bitcoin, you will always squeeze something out as discretionary income and invest, it's only those that don't want to invest in the first place that will always have a reason why it's wrong for them to start investing.