Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Bluedrem
on 30/06/2025, 12:47:23 UTC
It is very important to have a stable income and it is also enough having a stable source of income. This is because a wise person plans his life within the reach of his stable income based on the duration of payments. Basically, any income that can not sustain your basic needs for the duration before your next payment is not also a stable source of income. This implies that for your source to be a stable source, it should be able to take care of your basic responsibilities.
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So do you mean that you can invest in Bitcoin only if you have a stable income?
What you mean by stable income is not actually the definition of stable income.
Stable income is a fixed amount of money that you receive on a weekly/monthly basis throughout the year.
Suppose your monthly income is $5000 and you receive it every month in January, February, March, April, May, June and so on. This is your stable income.
Yes, your stable income may be able to meet your basic needs but it cannot always maintain discretionary income. When you work in a high-paying job, you may have a stable income from which it is possible to extract discretionary income without meeting basic needs and emergency expenses. When can you use that discretionary income to invest in Bitcoin because you can use this income as you wish.
Again, those who work in low-paying jobs often end up spending the income they earn on their basic needs and emergency funds. That is, they do not have any discretionary income. Now tell me how they will invest in Bitcoin.
So it can be said that investing in Bitcoin is not only possible if you have a stable income, but also if you want to invest, you need to have a discretionary income. Only then will you be able to keep your invested Bitcoin for a long time.