Quote from: IjawMan on Today at 12:16:43 AM

Quote from: Xcode7 on July 02, 2025, 09:45:10 AM

Quote from: bitcoin_mining on July 02, 2025, 03:55:08 AM

Quote from: IjawMan on July 01, 2025, 10:06:24 PM

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A person does not need a large source of income to invest. A person can start investing only if they have a reasonable income. Because it is very important to keep your investment consistent because if your investment is not consistent then you can fall far behind the goal of building your portfolio.

You may not require to have a large source of income to start investing but it's necessary and a plus if you can have such a large sources of income as an investor in bitcoin or any asset. It will help you to invest comfortably build a much bigger portfolio without having to withdraw your bitcoin investment prematurely due to extra responsibilities that your small income can't carry. Because it's not sufficient to make room for emergency funds without having to short live your investment due to emergency.

The amount of your investment will depend on your income, for example, if you are earning a good amount of money at the end of the month, then you will have the courage to invest a relatively large amount of money consistently, but those who earn relatively little money will have to invest the amount of money that is left after calculating everything. Who invested what amount of money in Bitcoin, these things are actually not a big fact, it is the efforts of the investors and how much they are trying to invest from their respective positions. If a low-income person invests 20 to 30 dollars every month and if he continues to invest this investment seriously for a few more years, then at the end of a certain period of time, his investment amount will be a lot. Thinking like this, everyone will probably think positively about investing in Bitcoin.

Financial stability to meet the needs of life also cannot be ignored so we must fulfill these important things first so as not to interfere with the investment we make, I once found someone quitting his investment just because of the reason to meet the needs of life and that is a big mistake that makes us fail in investing so indeed when the needs in life have been met then we will be able to invest safely and also in the long term according to our wishes.

Investing can be quite an expensive journey to embark on but its path if we persevere is rewarding with the right asset such like bitcoin. You don't have to be investing with relatively large money because you have a fat pay cheque. For instance, you're earning $500 monthly, you can be investing with $30 monthly, and be saving $20 as your emergency funds. This leaves you with $450 that you wouldn't have to worry much with what Jas been subtracted in meeting your needs.

An overly DCAing because you earn relatively so much can be a boomerang if you're having no savings aside for unpredictable circumstances that can be analogized as emergency.

The better way of managing your money is to subtract your basic expenses first rather than subtracting the bitcoin investment and emergency funds first..

Your discretionary income is the amount of money that you have left after accounting for basic and/or essential expenses... You use your discretionary income to invest in bitcoin and/or to build your emergency funds or any other back up funds. You also use your discretionary income for other non-essential expenses that you might have or choose to have.

Quote from: EluguHcman on Today at 12:52:15 AM

Quote from: IjawMan on Today at 12:16:43 AM

[edited out]

The weight of your income may determine your investment portfolio such as diversification, consistent buying and also the values of your regular or irregular purchases.

There is no need to diversify for the sake of diversifying, and many times investors can spend many years investing without necessarily diversifying until they might later start to feel overweighted in one investment, such as bitcoin... So a person could just start out investing in bitcoin and also to get his cashflow management systems and practices in place that might involve keeping cash and back up funds.. and it could take several years to just build up the bitcoin investment and back up funds to be 3 months or more of your expenses.