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.

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.

I think otherwise here, you must not earn like a bank manager before you can start investing consistently in Bitcoin, all you just need is a discretionary income from what you are earning either weekly or monthly, once you discretionary income is available, I don't think their is anything stopping you from investing in your own little capacity, along the line you can be working on your finances to improve it to a better state, and do not forget that emergency funds and backup funds must be in place to Carter for any unforseen emergencies that may arise in the future, so investment in Bitcoin has more to do with having a discretionary income not by earning a lot.

Exactly, i completely agree. It's also important to keep in mind that the money you invest can potentially be lost, so when setting aside money for investment, you should in a way forget about it. Little by little, you can still do something good , the key is definitely to be patient and not overthink or overcalculate when it comes to investing.

I was beginning to wonder if you are a trader or not and even though Bitcoin is not a risk free investment, you can not lose anyhow unless you are trading and the term, investing with what you can afford to let go doesn't mean you should invest very little amount of money rather investing with what you can afford to let go means using an amount you feel comfortable with even though you lose it and this can be a little money and it can also be a big amount of money depending on your source of income. Investing very little like you said means you don't believe in Bitcoin and it also seems you have the feeling that Bitcoin will not continue to exist or surge and this mentality can only make someone regret by not investing moderately or more than the way they would have invest.