Post
Topic
Board Nigeria (Naija)
Merits 1 from 1 user
Re: Balancing Financial security and Bitcoin Accumulation
by
Merit.s
on 28/06/2025, 11:13:28 UTC
⭐ Merited by JayJuanGee (1)
Every country has poor people and some of these poor people still make a way to invest in bitcoin so not having a stable source of income shouldn't be an excuse of not getting started with your bitcoin investment besides what is needed to start investing in bitcoin is your discretionary income and not having a stable source of income, those who are desperate to make quick money in bitcoin are not investor but trader because as an investor your major priority will be to accumulate more Bitcoin and hodl for a very long time with the range of 4-10 and more.

Having an unstable source of income isn't just a good excuse not to get started with Bitcoin but also a major drawback. And you say that what is needed is a discretionary income and not a stable source of income, so I wanna know how possible it is to have a discretionary income when your income isn't stable? You get your discretionary income from your initial income so if your income isn't stable, then that automatically means that your discretionary income will also be unstable and so will your accumulation and this is Infact very bad for your investment.
It doesn't really matter for you to have a stable income before you can invest in bitcoin, build and grow your portfolio. What matters most is having a discretionary income. What about some people that havea stable income but don't have discretionary income from their income, such people cannot invest in bitcoin. So let's not see a stable income as the priority before getting your bitcoin investment started.

Let me explain further. There are some people that are contractors and they don't have contracts every month which means that they don't have a stable income. But from the pay of their contract, they use that money to take care of their monthly expenses and still save from there. In fact, they feed on that money before a new contracts comes. Such people can start their bitcoin investment when they get paid for the contract that they did.

All he needs is to know how much will be his discretionary income from his money and use part of it to invest in bitcoin using DCA. He will divide the money into smaller parts and spread it over several weeks to keep his bitcoin investment ongoing. Some persons have good skill and they don't work under anyone but they have their clients that call them from time to time for their services. Sometimes, these skill people do have one big job that will pay them very well. They can also invest in bitcoin with their discretionary income.

Lastly, a gambler that won a jackpot can invest in bitcoin with DCA and holding for long-term but he has no stable income.