Re: Buy the DIP, and HODL!

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.

I wouldn’t agree with you that investing in Bitcoin can be quite expensive journey, especially when you’re investing from a left over income, that is why you’ve to separate money from your expenses then whatever you’re left with which can be know as your discretionary income that is where you’re investing from, and it’s very wise and ideal to have a good financial plans and management that can be sustain your Bitcoin investment, you don’t have to invest or accumulate on a daily basis, it’s depending on when you’ve a discretionary income then you can invest or accumulate more, I don’t think there is much as expensive as you may say. Like your instance of investing 30$ from your possible 500$ income, you should be aware that first of all you take care of the expenses then you’ll determine if you’re left with 30$ to invest in Bitcoin, and then whatever amount you should have for your emergency funds. You can still accumulate bitcoin fraction by fraction continuously without much at stake.