Quote from: As-Soon-As on Today at 05:33:35 AM

Quote from: Zackz5000 on June 27, 2025, 09:31:37 PM

Quote from: Gost ms on June 27, 2025, 05:29:49 PM

To invest, you need a source of stable income. If you have a discretionary fund, you will not be able to continue your investment. Because if you do not have a stable income, how will you meet your daily needs and how will you maintain your investment.

You sounds confused here getting started into Bitcoin you doesn't necessarily need a stable source of income before you can started but what you need is your discretionary income, investing in bitcoin doesn't require breaking the bank for you can start accumulating little by little gradually from your discretionary income using the DCA strategy where you can be buying gradually either every weeks or months and hodl, while investing you can also be making plans to increase your financial strength in other to be consistently accumulating Bitcoin, so what you actually need to get started is your discretionary income and not a steady income flow.

To participate in Bitcoin investment, you definitely need money, a job or business is definitely needed to follow the DCA method regularly on a weekly basis.

There are some investors that are contractors and most times as a contractor,your works doesn't come often. If you secures a contract and got paid, your next job as a contractor might delay for another months. Since this type of investors cannot be consistent in buying Bitcoin weekly, they simply prefer buying/accumulate Bitcoin using the Lump-sum strategy where they can simply purchase some huge amount of Bitcoin at once immediately their discretional income is available. In the event of accumulating Bitcoin, investors chooses which method works best for them based on how they are earning money.

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Without a source of income, you will never be able to sustain Bitcoin investment for a long time, so if you face danger, you will be forced to sell your Bitcoin investment. That is why it is most important to have emergency funds and a source of income to keep your Bitcoin investment safe.

You are right because the essence of an investor setting up an emergency funds is to protect his Bitcoin investment and for him to be able to accomplish that,he must have a source of income or a job. If doesn't have a job or a way of earning money,he will be unable to build his emergency funds and might be tempted to tamper with his portfolio when he is broke or when real life Emergencies stuck.