Having a good source of income is important since our consistency in bitcoin investment strictly varies with our cash flow. So a good cash flow management is very important in our being able to keep up with our DCA strategy. However it is possible to be buying bitcoin while working on increasing or stabilising our cashflow. I believe it is possible to have a source of income without one having a discretionary income so it is very important we determine if we have discretionary income to invest with before thinking of starting .
Bitcoin investment certainly plays the most important role in our income source, but at the same time we will try to strengthen our Bitcoin investment even more. In this case, I want to tell you that in addition to the DCA method, you can add money to your Bitcoin investment in addition to some techniques that not everyone knows. For example, if you invest $ 70 a week, and you can save money from your personal frivolous expenses.
For example, you quit smoking, you go to the park and eat nuts with your girlfriend, drink alcohol, etc. You must see that you will save $ 30 to $ 40 at the end of the week. And you can add this saved money to your Bitcoin investment, and if you can invest (70 + 40) $ 110 a week, then you can definitely invest $ 5720 in Bitcoin at the end of the year.
We all have income and some have a lot of that income while some have nothing because the main reason for this is waste. Many people think that they are spending according to their income because they can do it, but they can now be quite aware of this because they can prepare for their retirement life from the present time. You can bring the right changes in your life only when you spend your income properly, on the other hand, you will lose your money due to all the waste that you will be involved in, so you can cut down your unnecessary expenses and invest in Bitcoin which can bring security to your retirement life, but although there is no guarantee of this, in terms of the money you waste which you will completely lose, if you invest in Bitcoin from it and do it long term with full confidence in it, then you can increase your wealth several times in the future and you can bring security to your retirement life.