Quote from: Cpt_reader on Today at 05:10:48 PM

Quote from: Shadiq on Today at 04:38:33 PM

You seem a little too sure about the future. What you said may be right, or it may be wrong. Investing more than you can afford is a wrong move and as a result you may face financial problems in the middle and be forced to sell the investment. However, it is not certain that such a move will force you to sell the investment. I am not proving you wrong, but I am requesting a possible statement about the future. Because as you say, it may not be like that in reality.

Investing more than your ability can never be a good move. You may be moving towards the goal faster, but there may be a doubt whether the goal will be achieved or not. Because Bitcoin investment is long-term. You have to remember that you will not be able to use what you are investing for 4-10 years. Using it means that you are breaking the investment and all your previous troubles with the investment are in vain. So invest within your ability and take the right steps for financial crisis. Financial management is important for investment.

This is very good words. Nothing is possible without financial management. Your income source and how much income. How much is your monthly expense? How much do you have in your emergency fund for that time in case you suddenly get sick. After all this, you will think about investing . If your expenses are more than your income, you will be forced to sell your investments or borrow or take loans from somewhere, which will put you in more debt. If you borrow, you will have to pay interest, and of course, if you invest in Bitcoin, you will have to invest long-term. If you expect to get profit by investing, you will not succeed. Think about Bitcoin 10 years ago and think about now. This is what I think will increase everyone's interest in buying Bitcoin.

Your discretionary income is the most important thing that you need to have in place before investing, because you might have an income without a discretionary income. Secondly, you don't need to have a big discretionary income before you can start your bitcoin investment, because you can start with any amount even as low as $10 or provided that it's your discretionary income.

There is no way that your expenses will be more than your income and you will still be able to invest into bitcoin, because you have not left as extra cash since you are unable to cater for your monthly expenses and basic needs. You can improve your income buy looking for a second means of income and cutting down your expenses.