Quote from: Nightwatchmare on Today at 02:55:26 PM

Quote from: Sim_card on July 22, 2025, 03:36:46 PM

Quote from: Miramax12 on July 22, 2025, 03:04:25 PM

Quote from: Gost ms on July 22, 2025, 03:12:25 AM

Quote from: Mario0 on July 21, 2025, 02:26:13 PM

without money, there is no way that you can invest in bitcoin, so the best thing is for anyone to have a job so that when you start from there, because there is no other means that will be accepted when you have a means of earning, but when you don't have a means they how do you even invest so one of the best things to start with is for you to get a job then you will notice that that way you will be able to use the dca method easily because without funds there i no way you can do the dca.

And it depends on the kind of income you are getting, because when you are investing good money same way you will get good return so the money that is going in to buy matters a lot. After all, when you don't invest well then the returns will be small when you are not finacially stable then it will be better to figue things out before investing.

To invest, a person can invest by doing any work, whether it is daily wage, job or business.To invest, it is necessary to have a source of discretionary income. If your source of discretionary income is from a job or working as a daily wage, then you can still invest if you want. If you are working and if you cannot get the meaning of discretionary income from it, then you may not be able to maintain the continuity of your investment. Therefore, you need to have the importance of proper financial management.

Bitcoin is very risky, there is no guarantee that you will be profitable if you invest. However, the possibility of profit is much higher in the case of long-term investment. Therefore, we can never say that we will be profitable if we invest.

you are actually every correct, Without that, it’s nearly impossible to commit consistently especially with strategies like DCA dollar cost averaging low, some many people want to rush into crypto without first securing their financial base. Getting a job or stable source of income is the first real step. Once that’s in place, then you can think long-term, invest wisely, and actually see meaningful returns. smart money starts with smart planning.

You don't need a stable source of income before you can invest into bitcoin all you need is your discretionary income. There are some people who have stable source of income but at the end of the month and taking care of their basic needs and monthly expenses, they are left with nothing. Such people cannot invest in bitcoin.

A contractor that gets paid twice or more in a year can invest in bitcoin after he gets paid with his discretionary income. The contractor after taking out his monthly expenses and basic needs for a given period of time and he has left over. He can use that leftover to invest in bitcoin whichever way he wants. A gambler can hit the jackpot and use his win to invest into bitcoin. Proper plan and cash inflow management is what matters.

Let's not deceive ourselves here because we all know that bitcoin is a long-term investment, and for us to comfortably invest in bitcoin and hold our bitcoin investment for 4-10 years, we will need a steady income that guarantees us discretionary income, but if our steady income doesn't guarantee discretionary income, we have to work on our source of income to get a better one that guarantees discretionary income. We don't need to be in a hurry or force ourselves to invest in Bitcoin when we have a steady income that doesn't guarantee discretionary income because if we do that, we might use the money meant for our expenses to invest in Bitcoin, and we will fail in our Bitcoin investment because when the time to solve our expenses comes, we will have no choice than to depend on our Bitcoin investment to solve it. If a contractor who is not certain when to get the next contract in a year after completing 2-3 contracts starts to invest in Bitcoin, the contractor might end up selling his Bitcoin along his accumulation process because he will save up money he will use in the future to solve his expenses in case he doesn't get any other contract, and when he notices he's not consistent in accumulating Bitcoin, he might get upset and sell his Bitcoin out of anger. We surely need a steady income and discretionary income to get it right with Bitcoin investment.

You made a point there. But then again, as a person who want wants a good life, you’re ought to have a steady source of income, and to be an average person in the society, you need to have a multiple sources of income in order to keep up. Just as you gave an example of a contractor, knowing too well that contracts doesn’t come often should make other plans in getting other sources of income. By so doing, can use a discretionary income in buying bitcoin, using DCA methods. For me, once you’re working and earning, you can invest in bitcoin, no matter how little which also works along with determination and discipline