Quote from: amihada on Today at 01:36:23 PM

Quote from: Jostern on Today at 12:59:05 PM

I believe that as an investor in bitcoin we should have a means of survival, Come to think of it we need an income to even be investing in bitcoin because we world definitely have our discretionary income from our income to be able to sustain and live up our daily lives without thinking about having to live by our Bitcoin investment, living by our Bitcoin shouldn’t be considered in a long run of holding for a very long term purpose, even if we are able to get to a certain level in terms of our bitcoin stacking maybe we can decide to take a little profit but not only relying on our bitcoin for survival and feeding through it all the time and paying our bills.

That's why it's highly discouraged to invest in Bitcoin using money you can't afford to lose or hot money, so you need to consider your financial capabilities and risk tolerance. In Bitcoin investment, not only does it generate profits, the risk of loss is also very large. You also need to avoid relying on investments that can increase the risk of loss due to allocating funds that make you feel anxious all the time due to being too worried about market value movements.

Relying on Bitcoin investment profits for daily living needs is not the right solution because Bitcoin never promises profits to every investor. You just need to set aside some money from your monthly salary to invest in Bitcoin periodically, then forget about it for the long term, that's how most whale make profits from Bitcoin investments.

You don't just set some part of your monthly income to invest into bitcoin but you are to make sure that you are setting some part of your discretionary income which is the extra cash that is left after you have taken care of your monthly expenses and basic needs. So that, you can know if you have discretionary income or not and you shouldn't use more than your discretionary income to invest in order to gambling with your bitcoin investment. This is why it's important for new investors to figure out the right amount from their discretionary income that they can use to buy bitcoin with ease and forget about the money while there bitcoin portfolio keep on increasing overtime.

No matter how little the money is even though it's $10, let it be your priority to keep your DCA ongoing for 4-10 years and above, you will be surprised at the quantity of bitcoin that you have acquired. Bitcoin investment is not a regular business that you buy and sell every day for profit to take care of your family. Bitcoin investment is only to keep on buying without selling for the future, so that you don't have to overwork yourself and depend on your pension only for survival. This is why it's worth doing well for our own future benefits.