Quote from: nemesis_incarnate on Today at 11:02:19 AM

Quote from: Mayor of ogba on Today at 08:15:13 AM

Stable income is not the reason for an investor to adopt the DCA strategy when investing in Bitcoin. If you are investing in Bitcoin with either the DCA strategy, lump sum strategy, or buying the dip strategy, you need a stable income that will give you a discretionary income to invest in Bitcoin and also allow you to solve your daily expenses so that you won't have to run to sell your Bitcoin investment anytime you are in need, which will one day get you off the game, and you will be left with no Bitcoin in your disposal or self-custodial wallet. So having a stable income is one of the keys to a long-term investment in Bitcoin.

Knowledge brings the idea and the need for income to sustain the steady accumulation.

Because otherwise, the investment would need to be dropped in some instances, and the person in question would be at a loss.

Yeah having a stable income is an advantage when it comes to bitcoin investment , but still without stable income you can also accumulate bitcoin, but in this case one will have to focus on lumpsum buying because you won’t be able to keep up with dcaing purchases due to the lack of stable income .

But in such case the best thing to do is to find a job or workout a skill that will help to cover that space , if you have a job you are earning from , you can take your time to improve or learn any skill that will serve as other sources with that you be able to keep up with your investment with your daily life activities.

Edited:

Quote from: tiCeR on Today at 10:25:20 PM

Remember the times when everyone thought that 1 mbtc is like having dust lying around the wallet. I have never looked it up, but I can imagine that lots of wallets have been abandoned or not been paid attention to because back at the time there was only 1 or 2 mbtc left in it. I am sure that a lot of consolidation transactions took place when bitcoin began to rise to these impressive prices.

I expect something similar for satoshis to happen. 1 satoshi is roughly 0.1 cents now.

Quote

Satoshi (sats)    Bitcoin    U.S. Dollar
1 Satoshi    0.00000001 Bitcoin    $0.000941
10 Satoshi    0.00000010 Bitcoin    $0.00941
100 Satoshi    0.00000100 Bitcoin    $0.0941
1,000 Satoshi    0.00001000 Bitcoin    $0.941

If bitcoin goes 10x, and this can happen faster than many people think, 1 satoshi is 1 cent.

I have been around when nobody was talking about 1 mbtc (millibits), now it has become the standard unit in most cases. The next step will be μBTC (bits = 100 satoshi) and that is when 10x is achieved and 1 bit is around $10.

That is why I recommend not treating any smaller left over amounts in wallets as dust and instead make sure private keys are kept and not thrown due to the disbelief that it could ever become worth something. I am sure there are so many dead bitcoin wallets out there when owners thought it is not worth noting the PKs because those few thousand satoshis aren't worth it.

I literally experience this before the bullrun started I usually do some swapping of token so then when I swap any token to bitcoin in my exchange there’s always this leftover of small unit of bitcoin and I don’t even take notice of them , so when the bullrun started I was having like 4,168 sats and I was not aware of it but after the surging in prices to the range of $60k I found out that I was having an extra $2.5 , then I found out that it was those little unit I didn’t even care to notice that have increased to that $2.5 , the funny thing is that one day may be it would have turn $4168 , then bitcoin price would be in the price range o $100,000,000 ( just saying ).

So is good to always keep your seed phrase safe , because one day that unit of bitcoin you considered small may turn up to be something beautiful someday .