Hello guys, I’m new to the thread and I want to understand more about buy buy or sell sell , I want to know more about buying and accumulating Bitcoin, I will be glad if you guys can help and reply or give answers to my questions
Thank you .
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Sorry for my late responses, I would have replied you earlier before now but due to tight schedule I couldn’t reply at the appropriate time, below are my answers to your questions
No I haven’t bought any Bitcoin
Yes I do have some other investment that are part of my financial strategy. As for debits NO I don’t owe any debts , expenses are just the regular expenses which includes the usual necessities like housing, food, transportation and my investments which I’m working on optimizing my budget to achieve my financial goals
From the look of things you sound like a person who is good in financial management. I also love the fact that you owe no Debt because a good investor must make sure they settle up their dept to be free from circumstances that will shift there focus on Bitcoin investment. Because Dept is one factor that slow down Bitcoin investment.
I do not have steady income and yes I’m expecting my income to change .
Yes I am aware of my discretionary income and I try to manage my finance accordingly, I prioritizes essential expenses and them allocate my remaining income towards savings , investment and discretionary activities, and yes it Varys .
It is good to prioritize your essential expenses but should also figure out Way to set some fund aside for Bitcoin investment since your source of income is not a steady one. Guys who have an epileptic source of income usually figure out ways to invest as little as they can afford to lose. It may look so difficult but if you can be saving as little as $10 into Bitcoin weekly or $30 once in month will make a sizable amount in the space of 10 -20years time. In Bitcoin investment we dont invest in a way it will affect our financial system.
My investment time is less than 5years for growth,stability and wealth accumulation.
I doubt if this timeline of 5 years will be profitable as you think. I guess you should be more realistic in terms of timeline. 5 years is just a circle and 1 year meaning ylthat you make not get a reasonable amount of BTC within those period.. think of 10- 15 year and at most 20 to 25 years interval but your age should also be considered before chosing the timeline. Yeah some guys may decide to invest into Bitcoin for just 6-7years due to health issues. But you should consider the the reason for your investment timeline before investing.