Quote from: Loyang on Today at 09:25:18 AM

Quote from: blackberrman on Today at 07:26:40 AM

. If you have a specific source of income from which you can earn, you can invest with the money earned there,

We first have to think about what will be good for our investment. For example, how can we maintain our investment continuity by investing, how much money can we invest to reduce our risk a lot. If a new investor does a little research and looks at these things, then maybe his investment will be good for him.

There are many people who start investing with their fixed income and after a few days, the continuity of their investment is lost, and many sell their investment. We have to have proper financial management. Investing with discretionary income is the best. Because discretionary income is the amount of money that remains after deducting all expenses from your fixed income, that is discretionary income.

I agree with you that investing with prudent income can achieve long-term results. In that case, you can use the DCA strategy to invest small amounts and move forward. No matter how much the market fluctuates, you will not panic and will buy consistently. If the price of Bitcoin increases, you can gradually make big profits. New investors who see the profitable side of Bitcoin and invest in large amounts may panic and make wrong decisions when they see the market fluctuations. If they see that the price of Bitcoin has increased slightly, they sell it, but later they regret it. Long-term investment can increase your wealth several times.