Quote from: LGD2Business on August 09, 2025, 11:38:45 PM

Quote from: Miramax12 on August 09, 2025, 11:18:28 PM

So many people focus so much on having a stable income but forget the importance of actually managing that income wisely , discretionary income is really the game changer for any kind of investment , especially with something as volatile as Bitcoin . what real happened to cold joker is a real lesson to very one without an emergency fund you are forced to liquidate investments at the most possible time it is not just about how much you earn , it is about how well you plan for the unexpected.

If a person can't manage their income well, they can't make the right investments either. It's important to keep good track of income and expenses, calculate how much money to set aside for investment and buy the right assets at the right price. Many people, despite having a high income, can't allocate money for investments because they can't reduce their expenses and spend money on unnecessary things. Those who maintain a balanced income-expense ratio can purchase Bitcoin as they wish. They can set aside money every day/week or as soon as their salary arrives to make Bitcoin investments. However, those who can't control their expenses can't make investments nor hold onto their investments for the long term.

Financial management is key for anybody that wants to succeed in Bitcoin investment, especially when you're not very rich. You must make budget for your income if you must achieve your goal of long term investment otherwise you can get carried away with unnecessary spendings then forget things that are important. It is worthy to note that you need to make provision for secondary expenses which is discretionary funds so that you can channel funds that don't fall into basic needs to that purse. That is where funds to buy Bitcoin comes out from and if you choose the DCA strategy to buy Bitcoin you can succeed by constantly buying and hodl for the long term.

A stumbling block to DCA strategy is if you lose your source of income or inflation hits your local currency while your income is still stagnant. To be consistent in Bitcoin investment for the long term you need to always think outside the box on how to increase your total income. Bitcoin going concern is money, if you don't have money to buy, your DCA strategy will pause or cease.