To participate in Bitcoin investment, you definitely need real income, because if you cannot meet the basic needs of your family, then how will you participate in Bitcoin investment.
When you are planning to invest in bitcoin, then firstly make sure your secure a stable source of income, if you don’t have a reliable source of income, after investing in bitcoin, time will come when you will end up selling your bitcoin investment back gradually, if you don’t have a stable source of income, then you won’t be able to hold bitcoin for long time, because whenever their is any problem, then you will end up selling the bitcoin just to solve the problem at that particular time.
If you are planning to invest in bitcoin, have a source of income which you will be using to take care of your daily needs, and you will be using some to invest in bitcoin, make sure you are having emergency funds, whenever their is any emergency, you won’t have to sell from your bitcoin, you will be making use of the emergency funds.
Before thinking of investing in Bitcoin you have to be capable enough to invest in Bitcoin and when we are talking about capable we are talking about two things, the first thing is the source of income and that is the first and important thing you should have before thinking about investing in Bitcoin, you should have a good source of income where you are earning well because if you are not satisfied with your source of income you can’t invest for a long time because if you have any small problem to solve financially the first thing that will come to your mind is your investment and you can sell it when it’s not the right time to sell.
The second thing is the risk, you have to know the nature of Bitcoin because some of us are into Bitcoin just because we heard about the profit, Bitcoin is not an investment that we can just invest today and tomorrow we will be expecting the price to rise and get a profit, you have to put in your mind that Bitcoin is a long time investment that you don’t know what the price will be in the next minutes, some of us can’t take it when the price is going down and be thinking of selling it because the price will not rise again.