Quote from: Cossyblack on Today at 09:29:20 AM

Quote from: Brainnybtc on June 02, 2025, 10:55:29 PM

Quote from: Issa56 on June 02, 2025, 09:18:57 PM

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.

One financial challenges they face and there's chances that their investment made will collapse. That's why somehow we should come well prepared or at least have a steady income flow so that there's no financial problems would gonna destroy our momentum.

Its good for investor to take consideration to have multiple source of income since their success rate will provably go high since Bitcoin HODL is not actually as easy as they think especially that there's provably lots of challenges we faced that can provably affect our decisions.

That's why we need to prepare and have emergency fund to cover up those unforeseen situations and we cannot achieve this if we are not financially stable. Proper planning is important to make sure that everything works well according to their plans created.