Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Cossyblack
on 03/06/2025, 09:29:20 UTC
⭐ Merited by JayJuanGee (1)
How are you going to even buy bitcoin when you don’t have a source of income, where will the money which you will be using to buy the bitcoin come from? I don’t even think that’s possible, and Incase maybe you are gifted a money, and you decide to invest it in bitcoin, if you are in need of money, you are still going to sell back the bitcoin, so it’s just better you don’t even invest the money at all.

If you are planning to invest in bitcoin, then make sure you have a source of income, you have a emergency funds, so that whenever their is any problem, then you will be using the emergency funds to take care of it, you won’t be touching your bitcoin investment, but if you don’t have any emergency funds, whenever their is problem, you will end up selling back your bitcoin, which might even be at loss.
Truly anyone that don't have a source of income doesn't have a business investing in Bitcoin because for the investment to be sustained and not tempered with, having a source is very much fundamental to that, their is no two ways about it.
Such person just need to look for a job first, so that he can take care of his or her basic needs, before thinking of investing in Bitcoin.
Someone not having a source of income can be very challenging more especially for him to be consistent in his Bitcoin accumulation and since consistency and long term sustainability is a primary key in  bitcoin investment.It is very essential for him to secure a source of income or find something tangible doing that would be fetching him money. If it's not a job that fetch him money regularly or the job comes once in a 3 months,such a person can still buy Bitcoin from his discretional income after sorting out his basic needs that could sustain him until another job comes up .The goals here is to be buying bitcoin whenever his discretional income is ready and available as it's not a must that he must be consistent but as long as he's buying,that's what's matter the most.