Quote from: Wind_FURY on Today at 07:00:59 AM

Quote from: JayJuanGee on June 19, 2025, 06:30:57 PM

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You should get the actual context ser. Why should an individual with NO JOB even start a Bitcoin journey without any sort of steady income? Haha. But if you actually want to convince broke people, with NO JOB, to buy Bitcoin - OK, you do you.

"I have NO JOB, but LOOK, I have a Bitcoin investment which I will be forced to sell soon".
Roll Eyes

You are likely the one who needs the context. Bare minimum requirement to get started buying bitcoin is discretionary income not having a job nor having a steady income. There is no reason for me to repeat what I have already posted on several occasions.

You are free to disagree, which you seem to disagree and believe that a person needs stable income and/or a job in order to buy bitcoin, and I will repeat that they do not, even if you are proclaiming that having a job and/or steady income is a requirement. We can agree to disagree, since from my perspective you seem to be lacking in imagination in what seems to be your desire to place extra requirements on guys before they are able to invest into bitcoin or to get started investing into bitcoin.

Quote from: Bluedrem on Today at 07:33:44 AM

Quote from: POPOLUV on Today at 02:11:04 AM

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I don't think the profit from investment can be a stable income, because you can't guarantee that the profit will always come from where you invested. Because in investing, there are both profit and loss.

Rather, you can do this whether you are stable or not, when you have an opportunity to earn a part of the money you earn when you have some money left after meeting all your needs, you can invest in Bitcoin.
For example, suppose this week you have $ 100 left after excluding all your expenses (primary needs + emergency funds), you can invest it in Bitcoin for the week.
Again, if you have no money left after excluding your primary needs and emergency funds in the next week, you don't need to invest in Bitcoin for that week.
Again, suppose next week you have $ 50 left after meeting all your expenses, you can hire Bitcoin AB.

I agree with everything you say Bluedrem, especially your points about variability of income that likely would affect weekly bitcoin investment levels. On the other hand, there seems to be some ambiguity in your statement about income coming from an investment, since income can come from work, from investments and from other sources.

At the same time, I will agree with your implication that it may well not be good for any of us to be drawing from our investments (especially something like bitcoin) prior to reaching overaccumulation status... so there does tend to be value in making sure that our investment in bitcoin is not being depleted prior to reaching overaccumulation status, and of course, in this thread we tend to refer to bitcoin as being amongst the best, if not the best, place to be investing and/or attempting to reach overaccumulation status... so it may well not make a whole hell of a lot of sense if guys are employing plans that involve both buying and selling of bitcoin rather than staying focued on ongoing buying bitcoin until they reach overaccumulation status.

Quote from: Joy- maker on Today at 12:22:50 PM

Quote from: Wind_FURY on Today at 07:00:59 AM

[edited out]

I think you are misunderstand JJG, he didn't say that you don't need to a job to start investing in bitcoin. Because normally you to have a source of income before you can even take of investing in bitcoin to enable continue accumulating bitcoin to and add up to your holding (what JJG is trying to say is that you don't need a steady source income to start investing in bitcoin that what you need is your discretionary income to invest in bitcoin). To interpret this sentence in bracket to my own understanding, though i might not be accurate in explaining this shit, but to my best of knowledge you don't need to have hudge amount of money before you can start investing in bitcoin, what you need is a discretionary income, that is to say if you can map out discretionary income from your income that is the money you need to invest in bitcoin.

It could be the case that Wind_FURY is purposefully misunderstanding, exaggerating and arguing for the mere sake of arguing. He doesn't always seem to get nuance..

Cheesy

Quote from: Tamaperdana on Today at 12:48:48 PM

Quote from: Bluedrem on Today at 07:33:44 AM

I don't think the profit from investment can be a stable income, because you can't guarantee that the profit will always come from where you invested. Because in investing, there are both profit and loss.
Rather, you can do this whether you are stable or not, when you have an opportunity to earn a part of the money you earn when you have some money left after meeting all your needs, you can invest in Bitcoin.
For example, suppose this week you have $ 100 left after excluding all your expenses (primary needs + emergency funds), you can invest it in Bitcoin for the week.
Again, if you have no money left after excluding your primary needs and emergency funds in the next week, you don't need to invest in Bitcoin for that week.
Again, suppose next week you have $ 50 left after meeting all your expenses, you can hire Bitcoin AB.

The point is like this, investment is not a job that can generate regular money every month, but investment is a way for us to make the money we have stable in value and so that our money increases.

Many of us would like to replace our job with the passive income from our investment, and there is nothing wrong with that as long as we make sure to allow our investment to grow to a high enough level that it can sustain us (and sustain itself).

Quote from: Tamaperdana on Today at 12:48:48 PM

What I understand so far is that investment is like that concept, whether it is in bitcoin or in other assets. Then talking about investments that can generate passive income, of course there are such investments. For example, if we buy shares in a restaurant, clothing store, or nightclub. Of course we have the right and share to get profit, from the turnover of the places where we buy shares. But if we talk about investing in bitcoin, I think it is difficult for us to get passive income from bitcoin, because bitcoin is really an absolute investment asset like gold. So bitcoin is really a long-term investment asset. Therefore, if we want to have a stable income, we must have a business and not just rely on investment.

You don't have to have cashflow from the business or the investment in order for it to serve as a sufficient and/or adequate investment that will be able to support you sustainably and/or perpetually.

Bitcoin can be as good as those other investments that you mentioned, and probably even better, yet part of the secret remains figuring out a balance and a way of valuating your bitcoin in order to be able to live off of its value appreciation and not to overly deplete its principle.

To me it seems that bitcoin can sustain higher rates of withdrawal as compared with traditional investments, yet there still should be a goal to make sure to get at overaccumulation status first.

Quote from: Tungbulu on Today at 04:13:43 PM

Quote from: JayJuanGee on Today at 02:28:00 AM

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it's important to prepare beforehand for future emergencies, in order to avoid dipping into your investment prematurely, which can potentially disrupt the growth of your investment.

You don't necessarily need to prepare for emergencies prior to getting started investing into bitcoin, and it is likely that many beginner investors into bitcoin can grow their various cashflow management systems and practices, and even grow their back up funds, such as emergency funds as they are growing their bitcoin holdings.

Quote from: Zackz5000 on Today at 07:41:14 PM

Quote from: Shadiq on Today at 06:20:25 PM

I am just praying that the low prices will last a few more days and I can enter the market without feeling any pressure. We may be at a low price lately, we may never see a lower price than this. Especially below $100k.

What could be stopping you not accumulate now, why waiting for price to drop more before entering the market or are you using the buy the dip strategy? If you are still a new investor i will advise you continue buying bitcoin if you have your discretionary income available instead of praying for low price in coming days because nobody knows it might still go up meanwhile the opportunity has been present to you to continue accumulating more Bitcoin.
Don't you know you can accumulate Bitcoin using the DCA strategy? Which allows to accumulate Bitcoin at any price? be it low or high? Accumulate and hodl bitcoin if you your discretionary income ready.

Yeah it is difficult to imagine why someone like Shadiq might not be accumulating bitcoin regularly rather than pondering over whether BTC prices might go below $100k or not.. especially since he has only been registered on the forum for slightly more than a year, so it would have had been difficult to overaccumulate bitcoin in the past year or two, even if some forum members, like Shadiq, might have had started accumulating BTC prior to his first registering with the forum.