And when it comes to Bitcoin, that extra income can be a game changer. Imagine someone making $1000 a month and only having $200 left to DCA sure, that adds up over time, but if they manage to build another stream that brings in an extra $200, suddenly they are doubling their stack without touching their main budget. That’s the kind of thing that really accelerates accumulation and builds confidence too, because you are stacking with extramoney, not cutting into the essentials.
It doesn’t even have to be huge. Some people freelance a bit, sell digital products, or run a side hustle online. Others just pick up extra shifts or start something simple that brings in passive cash. What matters is that those extra bits of income give you breathing space. And if your main job falls apart, you don’t feel like the floor just dropped under you.....So yeah, alternative income streams aren’t just nice to have, they are kind of a survival tool these days and if you are serious about stacking Bitcoin for the long haul, they can put you way ahead of the curve.
People forget that risk is part of every good opportunity. If you wait for something that’s safe from day one, you will probably just sit on the sidelines forever. Even starting a small business carries risk , you can lose money before you make any. Same with real estate, same with stocks........Bitcoin just makes those ups and downs more visible, but history shows that the people who managed to ignore the short term fear and keep stacking are the ones smiling years later. If someone had bought at $30k thinking it was risky and then watched it dip to $17k, they probably panicked. But if they held on, now they would see why patience pays off.
I do not get why people afraid of investing in bitcoin, can't they just see the history and decide from themselves?
With bitcoin investments, it is not a risk anymore. We have seen bitcoin going from all the way from 1$ to 124,000$ and within the last four years (this cycle) we have seen bitcoin going from around 16K to 124K. What else do we need to understand that investing in Bitcoin is not risky anymore
In fact, aren't there any investments more profitable than Bitcoin? Isn't ?
In fact, there are a group of people who look for a platform for investment that will not cause them to lose money if they invest in the platform, but rather they will start making a profit from the moment they invest. However, those investors may never find such a platform for investment. This is why such people do not dare to invest in Bitcoin because they see that there is some instability in the Bitcoin market, so when they buy Bitcoin, they do not buy Bitcoin for fear that if the market goes down a little, they will not buy Bitcoin. One must take financial risks, if one cannot take financial risks, then they will never be successful in life. I think that financial risks should always be taken and every investor should know about Bitcoin's past well when investing in Bitcoin. When an investor has a proper idea about Bitcoin, he will say by himself that Bitcoin is the most reliable digital currency for investment.The biggest risk in life is not taking any risk, investing is risky, it has been said before, but if you cannot take this financial risk, then how can you think about success. If you look at the background of those who are successful, you will see that they have come to this stage by taking risks. Elon Musk may be the biggest example of this, even after failing to launch a rocket several times, he did not stop, but he took more financial risks and tried again, as a result of which he finally achieved success.
Initially, let's assume that an investor, instead of investing in Bitcoin, starts another business with his money or keeps his money in the bank.
If he starts another physical business, he will definitely get a profit there, but there is no guarantee of that, but rather the money he will spend on the goods he will buy for the business is a kind of risk. Again, those who keep money in the bank do business with their money, but even then, many times it is seen that many people do not get their deposits back due to bank bankruptcy.
So I think we should trust Bitcoin without worrying too much and plan long-term investments in Bitcoin.
Initially, let's assume that an investor, instead of investing in Bitcoin, starts another business with his money or keeps his money in the bank.
If he starts another physical business, he will definitely get a profit there, but there is no guarantee of that, but rather the money he will spend on the goods he will buy for the business is a kind of risk. Again, those who keep money in the bank do business with their money, but even then, many times it is seen that many people do not get their deposits back due to bank bankruptcy.
So I think we should trust Bitcoin without worrying too much and plan long-term investments in Bitcoin.
I do not get why people afraid of investing in bitcoin, can't they just see the history and decide from themselves?
With bitcoin investments, it is not a risk anymore. We have seen bitcoin going from all the way from 1$ to 124,000$ and within the last four years (this cycle) we have seen bitcoin going from around 16K to 124K. What else do we need to understand that investing in Bitcoin is not risky anymore
In fact, aren't there any investments more profitable than Bitcoin? Isn't ?
Depending on just one income stream is kind of risky in today’s world. Jobs can disappear, markets can crash, unexpected expenses pop up and if you only have one source, you are left scrambling. But when you have got even a small second or third stream of income, it takes a lot of that pressure off.
Not everyone depends on one type of income. Some people earn only by physical labor, some people have online business, service sector or many other types of income. So if someone has physical and mental ability, then he can earn any other type of income if he wants. If he can increase the income path, it is definitely beneficial. For example, if someone's monthly income is $1000 and if he spends $700, then his discretionary income is $300. From here, if he wants, he will invest 200 per month in Bitcoin. Now if he creates a second source of income, if it is also $200 per month , then it will also remain as his discretionary income. And if he wants, he can invest the amount of his investment in Bitcoin, the previous $200 and the second income $200 together, to $400 in the DCA method. In this way, he will be able to achieve the over accumulation stage much faster than before. Apart from this, if he has only one source of income, then after losing his job, he may face major financial problems. If he does not get a new job very soon. So I think alternative income should be arranged.Along with Bitcoin investment and immediately after forming an emergency fund, you have some more precautionary measures, if a person calculates and spends his daily expenses, then at the end of the month he will definitely save some money. And you can add this savings to Bitcoin investment by giving money and you can increase it even more by adding it to your current investment.
Sometimes someone doesn't need to do so many different daily tasks to increase there ongoing investment but instead they can use what they are getting from one to achieve what they intend because with determination it doesn't matter the amount provided that there would almost be a discretionary income for them after every measures of satisfying spending demands, because it will definitely be unhealthy when someone is going beyond the limits at which there strength could carry them in other to increase accumulation because if the person breakdown because of non resting it affects the consistency they were even maintaining on Bitcoin so actually the conclusion is that you can choose to increase your Bitcoin investment if there is an availability of more resources but don't over labor yourself for multiple job when you are already doing well with your current amount are putting in Bitcoin regularly.
And when it comes to Bitcoin, that extra income can be a game changer. Imagine someone making $1000 a month and only having $200 left to DCA sure, that adds up over time, but if they manage to build another stream that brings in an extra $200, suddenly they are doubling their stack without touching their main budget. That’s the kind of thing that really accelerates accumulation and builds confidence too, because you are stacking with extramoney, not cutting into the essentials.
It doesn’t even have to be huge. Some people freelance a bit, sell digital products, or run a side hustle online. Others just pick up extra shifts or start something simple that brings in passive cash. What matters is that those extra bits of income give you breathing space. And if your main job falls apart, you don’t feel like the floor just dropped under you.....So yeah, alternative income streams aren’t just nice to have, they are kind of a survival tool these days and if you are serious about stacking Bitcoin for the long haul, they can put you way ahead of the curve.