I agree with you, everyone wants a beautiful and financially secure future, but they do not understand the right decisions that they have to make to reach that point. Not everyone's financial situation will always be the same, and an employee cannot work all his life, at some point he will have to retire from his job.
It is not a good idea to quit your job and invest full time in Bitcoin. You can invest alongside your job. If you do not have a stable source of income, I think it would be better for you not to invest.
You do not need much to invest. You can invest only if you have basic knowledge about Bitcoin and faith in Bitcoin. You can be a smart investor, and you can get success and great profits through Bitcoin investment if you know the right capital management and investment strategy. Because you will not be trading, you will have to learn for 2 to 3 years. You will invest, you will continue to invest alongside your job. You will continue to invest by relying on your stable income. When you feel that you have accumulated enough BTC in your portfolio, you can wait for the deadline to end. Investing is for the future.
Gost ms I think you made a mistake with your quote, the quoted text was written by Ricardo11 and not Catenaccio please edit your post. That aside, you might have confused the entire post with just a few highlighted sentences. What Ricardo11 was trying to say is, no one can stay employed forever there are certain age restrictions which will eventually compel the employee to resign, however if you don't make good use of the opportunities now that you are still a an employee than there are chances that you may grow bankrupted after some years of retirement that is if you have a good saving else it would be a complete disaster of poverty.
One thing that's certain in bitcoin investment from historical view is that the earlier you start investing the better your chances of making more profits increases, however if history is to repeat itself then buying today would be the best decision anyone can make for themselves especially when the person in question is still in his youthful age. Historical views shows that the longer you hold the more profit you get, the youths are more privileged to benefit by starting early compared to those approaching their 70s, which is why it's best to utilize the opportunity by making investment at an early age from your spare cash after meeting up all important needs for the month. Most salary earners do receive their pay at the end or beginning of a new month. Notwithstanding, if the person is still not certain whether or not his monthly salary will cover up all his needs with some residue he can wait until his payday and then use some part of the remainder from the previous pay to invest in bitcoin using the DCA strategy.
The only problem is, accumulation with such budget and strategy can't go that far even after some few months or years.
What makes you feel that if the person in question uses only his discretionary income as you explained, to invest in bitcoin he wouldn't go far upto 4 years and above. Everything depends on proper planning and discipline. Discipline in the sense that you continue buying regularly with DCA even if it's as low as $10 consistently and persistently for 4-10.
I believe that an investor who wants to be consistent with his accumulation will have calculated down his weekly/monthly expenses down before the arrival of his salary so that he can make proper plan on how to spend it and how much will be his extra cash that he can put into bitcoin for that week. Don't underestimate a little beginning. It's better to start with little and have little bitcoin in the long run based on your own discretionary income than being a low coiner.
If a Bitcoin holder wants to invest in the long term, he can certainly do so with a small amount of money, because he has to determine his investment amount depending on his income. But I would like to add something else where if an investor can invest $ 10, if he spends extra money such as sitting in the park, smoking, sitting in the park with his girlfriend, and all the unnecessary expenses or bad habits that cost $ 20, he can add the $ 20 equivalent to the amount saved from here to investing in Bitcoin.
Therefore, if he can invest $ 10 + $ 20, that is, $ 30, weekly, then at the end of the year, he will definitely accumulate $ 360. And if he is able to continue investing in Bitcoin in this way after ten years, he will accumulate $ 3600 in Bitcoin, so long-term investment is the only way to achieve success according to the DCA method.
I don’t think Bitcoin was made to stop people from having fun, The bad habit you mentioned might just be something that keeps this fellow happy and relaxed. We can still invest in Bitcoin and have fun and be happy if we follow the right strategy for our portfolio, First we have to acesss our income and decide if we want to accumulate on a weekly basis or Monthly basis using the DCA depending on our income level, All we have to do is take care of our expenses which I think money for the unnecessary would still be involved, There is no way you can make money and you don’t have a little bit of fun, so it’s all considered in our budget, regardless of the bad habit a desired goal of a long term investment and accumulation can still be achieved having a good accumulation strategy. Let me assume you have an income of $200 dollar in a week and you decide to invest $50 on a weekly basis, Depending on your expenses with a low income rate $80, then you can consider your fun and amusement plan $20, And the remaining $50 can be building up your emergency fund gradually. I think it’s still not a bad strategy with a long term portfolio.