Re: Buy the DIP, and HODL!

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.

You don't have to have a stable source of income to invest in bitcoin... but you do need to have discretionary income to invest in bitcoin. If you do not have discretionary income and you buy bitcoin then you are likely gambling since by definition you are using money that you need for expenses.

Most people don't understand that into invest in bitcoin they have to be willing and ready to not touch their investments until the end of their investment period, they pour alot of their money into bitcoin and not just their discretionary funds, but the money meant to pay bill too, they do this because they want to grow the portfolio as quickly as possible but they fail to realize that investment done with money meant for another thing is a financial mistake and the reality of it only hits them when they are in a bind and the only way out would be to sell their bitcoin and then they start blaming the emergency situation that came up without realizing that it was their poor use of the funds that put then where they are in the first place.
Bitcoin investment should be done only with discretionary funds after all necessary bills have been handled, how aggressive a person buys depends on how much discretionary funds they have and not necessarily the size of their weekly or monthly income.