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

Quote from: Gost ms on July 01, 2025, 06:53:56 PM

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.

earning $500 and investing just $30 a month shows that the investor is not intentional with his investment and i am saying this knowing fully well that some persons might still say that they are investing what they can afford to lose. everything that is worth doing is worth doing well and this includes how much we choose to allocate for our investment.

if you leave too much of your income as what you can spend, in the long run you might end up just eating from hand to mouth which means that you are just working to feed yourself with little left over for the future. by investing just $30 out of $500, you will have to do thus close to a year before you must have gathered your one month salary in bitcoin. that looks really poor to me. if i am earning $500 a month, i can boldly allocate nothing less than $150 for my monthly investment and in the long run work on increasing it. having a large chunk of bitcoin is the only way you can be certain of a good returns when you must have reached your investment goal and so there is no point investing so little when you already know about this.

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

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.

you do not over DCA, with a proper plan in place. every investor should normally have a plan on the percentage of his income that is to be allocated to his DCA. If you allocate much just because you want to reach your goal fast enough and you can still use the fund that is left to sort out your needs without putting too much stress on yourself, then that is equally good.

the fact remains that if you don't invest, you are risking a lot when the future finally comes, and a lot of people that invested little still found themselves in a spot of regret when they see bitcoin doing really well and they can not boost of having something that will place them at a good profit region. it is a personal race and every individuals outcome is just dependent on how much he has invested which is the reason why the emphases has always been that be you a newbie investor or an old one, it is necessary to invest with something tangible that will place you at an advantage and help you reach your investment goal faster enough.