Buy Buy Buy or Sell Sell Sell?

[ultrloa]

That's just one of the disadvantage of having only one source of income, though it's very good to have a source of income that generate a very good amount of money for you weekly or monthly, but in other for your Bitcoin investment and your Bitcoin accumulation process to be easy and smooth, you just have to have more than one source of income and an emergency fund so as you wouldn't have to fall back to your holding when their is a pressing financial needs

Well is really good to have more than one sources of income it will help to lighten things for yah , most time the other sources can be a particular skill you learnt or having a side hustle. Most folks have a nice job and same time may have a good tech skill , so it can be using both to support each other, so he can choose to use more percentage of one of his sources to accumulate while he use the other as an emergency funds, so that he won't endup tampering with his investment when passing through hard time.

For investor relying on single investment its like ticking bomb for them waiting for disaster to come since if they lose their job that gives them income then for sure that they would face on darkest side in their life. Also with that thing for sure that they cannot set up their emergency fund since that doesn't give them any extra funds to spend on this important matter.

If we want to became a good or at least successful investor a multiple source of income is really important since the generated funds we get is somehow a good basis on how long we could able to last on long term investment path that we choose. Investment with bitcoin needs patience and consistent income flow so we need to be secured or consistent so that we could able to last up to 4 - 10 years or depends on the years set by each investors.

[Moreno233]

That's just one of the disadvantage of having only one source of income, though it's very good to have a source of income that generate a very good amount of money for you weekly or monthly, but in other for your Bitcoin investment and your Bitcoin accumulation process to be easy and smooth, you just have to have more than one source of income and an emergency fund so as you wouldn't have to fall back to your holding when their is a pressing financial needs

Well is really good to have more than one sources of income it will help to lighten things for yah , most time the other sources can be a particular skill you learnt or having a side hustle. Most folks have a nice job and same time may have a good tech skill , so it can be using both to support each other, so he can choose to use more percentage of one of his sources to accumulate while he use the other as an emergency funds, so that he won't endup tampering with his investment when passing through hard time.

For investor relying on single investment its like ticking bomb for them waiting for disaster to come since if they lose their job that gives them income then for sure that they would face on darkest side in their life. Also with that thing for sure that they cannot set up their emergency fund since that doesn't give them any extra funds to spend on this important matter.

If we want to became a good or at least successful investor a multiple source of income is really important since the generated funds we get is somehow a good basis on how long we could able to last on long term investment path that we choose. Investment with bitcoin needs patience and consistent income flow so we need to be secured or consistent so that we could able to last up to 4 - 10 years or depends on the years set by each investors.

I was one of those who championed this multiple sources of income but along the line, I realized how defective that could be because it create a case of "Jack of all trades, master of none". If you are poised to getting multiple streams of income, chances are high that you will end of splitting your time and resources into tiny segments that may not produce the much desired results. I remember when I was still thinking this way, I was contemplating mining, buying shitcoins in their ICO and hoping they pump, investing in shares and also trying out stocks. That was how I spread my funds into different areas and end up losing most of the funds because what I was doing was sheer trial and error.

Instead of the quest to invest here and there, I think getting a solid business in the physical sector and investing in Bitcoin in the digital space is just enough. This will give you the time and opportunity to do it well and perfect the business. Part of the proceeds from the business can be invested into Bitcoin and saved for the future. For those working paid job, they can attached just one other physical investment to their job so they remain afloat  always instead of spreading their money to anything they see in the guise of multiple streams of income.

If your mind is so determined about opening too many streams of income, you will end up investing in many things that you will lose your money because there will not be enough time to study the business well and perform all the necessary risk analysis.

[Marvelockg]

[quote author=I_Anime

If we want to became a good or at least successful investor a multiple source of income is really important since the generated funds we get is somehow a good basis on how long we could able to last on long term investment path that we choose. Investment with bitcoin needs patience and consistent income flow so we need to be secured or consistent so that we could able to last up to 4 - 10 years or depends on the years set by each investors.

having multiple stream of income doesn't entirely translate to being financially bouyant for the long run. It's not like it's a bad approach to sustaining your income most expecially for someone that's DCAing for the long term but if you're able to structure your stream of income such thay it almost becomes impossible for it to run dry, it's going to give you the concentration of staying committed to your business while being regular at your Bitcoin stacking.

How regular and disciplined you are as regards your investment doesn't even rely much on how many streams of income that you have. If while you're with a single source of income you can't stay committed to buying regularly, when your earning increases, it might even be deficult to increase the amount you've set out for your buys. Creating a balance such that your quest for having a multiple source of income doesn't turn out to become a major distraction that hinders you from buying Bitcoin or that pushes you into procrastinating till you've succeeded in building the stream of income is very key and instrumental for your success in Bitcoin investment.

[Futurexxx]

That's just one of the disadvantage of having only one source of income, though it's very good to have a source of income that generate a very good amount of money for you weekly or monthly, but in other for your Bitcoin investment and your Bitcoin accumulation process to be easy and smooth, you just have to have more than one source of income and an emergency fund so as you wouldn't have to fall back to your holding when their is a pressing financial needs

Well is really good to have more than one sources of income it will help to lighten things for yah , most time the other sources can be a particular skill you learnt or having a side hustle. Most folks have a nice job and same time may have a good tech skill , so it can be using both to support each other, so he can choose to use more percentage of one of his sources to accumulate while he use the other as an emergency funds, so that he won't endup tampering with his investment when passing through hard time.

For investor relying on single investment its like ticking bomb for them waiting for disaster to come since if they lose their job that gives them income then for sure that they would face on darkest side in their life. Also with that thing for sure that they cannot set up their emergency fund since that doesn't give them any extra funds to spend on this important matter.

If we want to became a good or at least successful investor a multiple source of income is really important since the generated funds we get is somehow a good basis on how long we could able to last on long term investment path that we choose. Investment with bitcoin needs patience and consistent income flow so we need to be secured or consistent so that we could able to last up to 4 - 10 years or depends on the years set by each investors.

I was one of those who championed this multiple sources of income but along the line, I realized how defective that could be because it create a case of "Jack of all trades, master of none". If you are poised to getting multiple streams of income, chances are high that you will end of splitting your time and resources into tiny segments that may not produce the much desired results. I remember when I was still thinking this way, I was contemplating mining, buying shitcoins in their ICO and hoping they pump, investing in shares and also trying out stocks. That was how I spread my funds into different areas and end up losing most of the funds because what I was doing was sheer trial and error.

Instead of the quest to invest here and there, I think getting a solid business in the physical sector and investing in Bitcoin in the digital space is just enough. This will give you the time and opportunity to do it well and perfect the business. Part of the proceeds from the business can be invested into Bitcoin and saved for the future. For those working paid job, they can attached just one other physical investment to their job so they remain afloat  always instead of spreading their money to anything they see in the guise of multiple streams of income.

If your mind is so determined about opening too many streams of income, you will end up investing in many things that you will lose your money because there will not be enough time to study the business well and perform all the necessary risk analysis.

Try not to misunderstood the term having multiple streams of income, among the top 30 richest men in the world, tell me one of them that depends on a single income?

To be honest with you here, you must not place all your investment on digital asset, to the best of my knowledge, the only reliable digital asset to invest in is Bitcoin, so why would I be thinking on investing into another digital asset when I know that it's only Bitcoin that is trustworthy?

You might be doing an administrative job in your office, and still have an animal farm or two other offline business working for you,  which will certainly increase you financially, tell me how it's jack of all trades, master of none?
The earlier you understand that it's the fastest way to gain financial freedom the better.
 

[Sim_card]

That's just one of the disadvantage of having only one source of income, though it's very good to have a source of income that generate a very good amount of money for you weekly or monthly, but in other for your Bitcoin investment and your Bitcoin accumulation process to be easy and smooth, you just have to have more than one source of income and an emergency fund so as you wouldn't have to fall back to your holding when their is a pressing financial needs

Well is really good to have more than one sources of income it will help to lighten things for yah , most time the other sources can be a particular skill you learnt or having a side hustle. Most folks have a nice job and same time may have a good tech skill , so it can be using both to support each other, so he can choose to use more percentage of one of his sources to accumulate while he use the other as an emergency funds, so that he won't endup tampering with his investment when passing through hard time.

For investor relying on single investment its like ticking bomb for them waiting for disaster to come since if they lose their job that gives them income then for sure that they would face on darkest side in their life. Also with that thing for sure that they cannot set up their emergency fund since that doesn't give them any extra funds to spend on this important matter.

If we want to became a good or at least successful investor a multiple source of income is really important since the generated funds we get is somehow a good basis on how long we could able to last on long term investment path that we choose. Investment with bitcoin needs patience and consistent income flow so we need to be secured or consistent so that we could able to last up to 4 - 10 years or depends on the years set by each investors.

I was one of those who championed this multiple sources of income but along the line, I realized how defective that could be because it create a case of "Jack of all trades, master of none". If you are poised to getting multiple streams of income, chances are high that you will end of splitting your time and resources into tiny segments that may not produce the much desired results. I remember when I was still thinking this way, I was contemplating mining, buying shitcoins in their ICO and hoping they pump, investing in shares and also trying out stocks. That was how I spread my funds into different areas and end up losing most of the funds because what I was doing was sheer trial and error.

Instead of the quest to invest here and there, I think getting a solid business in the physical sector and investing in Bitcoin in the digital space is just enough. This will give you the time and opportunity to do it well and perfect the business. Part of the proceeds from the business can be invested into Bitcoin and saved for the future. For those working paid job, they can attached just one other physical investment to their job so they remain afloat  always instead of spreading their money to anything they see in the guise of multiple streams of income.

If your mind is so determined about opening too many streams of income, you will end up investing in many things that you will lose your money because there will not be enough time to study the business well and perform all the necessary risk analysis.

You are contradicting yourself, because a salary earner who is being paid every month, and decided to set up a business in addition to his job for an increase in income has multiple sources of income. If it is not a single source of income, it becomes multiple source of income.

 Mr A might have multiple sources of income, and still not take his bitcoin investment accumulation serious because he does not understand the exponential value of bitcoin. While Mr B only have one source of income which a large discretionary income, will be more consistent and committed to buying bitcoin regularly overtime.

What really matters is your discretionary income, and good financial management and how you plan to increase your bitcoin investment to your bitcoin target without selling when it is not of your will based on the circumstances surrounding you.

[Tmoonz]

That's just one of the disadvantage of having only one source of income, though it's very good to have a source of income that generate a very good amount of money for you weekly or monthly, but in other for your Bitcoin investment and your Bitcoin accumulation process to be easy and smooth, you just have to have more than one source of income and an emergency fund so as you wouldn't have to fall back to your holding when their is a pressing financial needs

Well is really good to have more than one sources of income it will help to lighten things for yah , most time the other sources can be a particular skill you learnt or having a side hustle. Most folks have a nice job and same time may have a good tech skill , so it can be using both to support each other, so he can choose to use more percentage of one of his sources to accumulate while he use the other as an emergency funds, so that he won't endup tampering with his investment when passing through hard time.

For investor relying on single investment its like ticking bomb for them waiting for disaster to come since if they lose their job that gives them income then for sure that they would face on darkest side in their life. Also with that thing for sure that they cannot set up their emergency fund since that doesn't give them any extra funds to spend on this important matter.

If we want to became a good or at least successful investor a multiple source of income is really important since the generated funds we get is somehow a good basis on how long we could able to last on long term investment path that we choose. Investment with bitcoin needs patience and consistent income flow so we need to be secured or consistent so that we could able to last up to 4 - 10 years or depends on the years set by each investors.

I was one of those who championed this multiple sources of income but along the line, I realized how defective that could be because it create a case of "Jack of all trades, master of none". If you are poised to getting multiple streams of income, chances are high that you will end of splitting your time and resources into tiny segments that may not produce the much desired results. I remember when I was still thinking this way, I was contemplating mining, buying shitcoins in their ICO and hoping they pump, investing in shares and also trying out stocks. That was how I spread my funds into different areas and end up losing most of the funds because what I was doing was sheer trial and error.

Instead of the quest to invest here and there, I think getting a solid business in the physical sector and investing in Bitcoin in the digital space is just enough. This will give you the time and opportunity to do it well and perfect the business. Part of the proceeds from the business can be invested into Bitcoin and saved for the future. For those working paid job, they can attached just one other physical investment to their job so they remain afloat  always instead of spreading their money to anything they see in the guise of multiple streams of income.

If your mind is so determined about opening too many streams of income, you will end up investing in many things that you will lose your money because there will not be enough time to study the business well and perform all the necessary risk analysis.

You are contradicting yourself, because a salary earner who is being paid every month, and decided to set up a business in addition to his job for an increase in income has multiple sources of income. If it is not a single source of income, it becomes multiple source of income.

 Mr A might have multiple sources of income, and still not take his bitcoin investment accumulation serious because he does not understand the exponential value of bitcoin. While Mr B only have one source of income which a large discretionary income, will be more consistent and committed to buying bitcoin regularly overtime.

What really matters is your discretionary income, and good financial management and how you plan to increase your bitcoin investment to your bitcoin target without selling when it is not of your will based on the circumstances surrounding you.

You have made some points and that gat my attention to say that having multiple streams of income is not enough what's most important is to know at what extend do we believe in the potential that Bitcoin holds which is the major factor that will encourage anyone to maximize the level of consistency even with as little as they can be comfortable with for the purpose of increasing their bitcoin size and with patient enough to be holding for as long as necessary. Undoubtedly, people can still have streams of income flow and have less believe of what Bitcoin can do hence retarding their Bitcoin investment. Generally, what we are looking out for is having a good source of income flow to sustain our commitment in Bitcoin.
 

[Mayor of ogba]

Aggressively is aggressively
There's nothing like over doing it and under doing it.
If you invest aggressively it would help get to your Bitcoin target faster or slower is two ways.
You start moving as the market
If it falls too much you sell to control your losses and if it rises you start 'collecting profit '
Personally I believe aggressive is quite greedy thus susceptible to emotional changes.
Invest according to your capability and if you can go aggressive and won't feel it if it dips
Well Good for you.

There's nothing wrong if an investor decides to accumulate bitcoin aggressively, but he shouldn't do it in a way that he cannot be able to sort out his daily expenses, which might get him off the game, partially or permanently.

Overdoing aggressive investment: this simply means when an investor increase his bitcoin accumulation process from the initial regular amount to a new amount without considering the size of his discretion and may be financially distablized as a result of lack of planning. maybe his salary is $200 and he often invest $20 weekly making it $80 per month. He now decide to increase from the initial weekly $20 to $30 weekly making it $120 in a month without considering the effect it will cause him just because he want to increase his bitcoin portfolio, so surely he is overdoing it. Because the remaining $80 may not be capable to handle all the responsibility including emergency fund.

If an investor is earning $200 a month and uses $20 to invest in bitcoin weekly, it will cost him $80 in 4 weeks, and he also needs to build up his emergency funds as he is accumulating bitcoin. Let's assume he is using $20 to build up his emergency funds. He will have $100 left to use and sort out his daily expenses for a month. Your example shows that an investor is already investing in bitcoin aggressively, and he is also overdoing it because $100 will not be enough to cover his daily expenses for a month, which might get him off the game, partially or permanently. For the investor to be on the safer side, he can invest $20 monthly in bitcoin and use $20 to build up his emergency funds, which will allow him to have more money to use and solve his daily expenses for a month. Maybe when he has built his emergency funds for up to 2 months, he can take a break from building his emergency funds and invest in bitcoin aggressively. After he has accumulated a reasonable amount of bitcoin, he can continue building his emergency funds again.

You are absolutely correct, you know sometimes I wish I could turn back the hands of clock but it can't be possible that's why I'm utilizing great this time. It's true that one can start Bitcoin investment anytime, any day but trust me there's going to be a difference between people that is investment now and those who are still procrastinating and will later join maybe in the future, you can imagine how some investors are finding it difficult now to grow their portfolio because of the value Bitcoin has I mean the value is so high that getting a piece of it, is so hard now compare to it 2010, 2012 and then imagine how much difficult it will be in the future.

It was not only you who failed to accumulate bitcoin when the price was very low; you have to put the past behind you and concentrate on your bitcoin accumulation journey. You are still early in bitcoin because the price is still cheap. What should be your concern is how you are going to accumulate a reasonable amount of bitcoin before it becomes so expensive that you find it difficult to accumulate or miss out on bitcoin. In the next 5 years, you might not see the price of bitcoin at this level again, and some people will still regret why they didn't start accumulating bitcoin now. 

[Cryptoprincess101]

That's just one of the disadvantage of having only one source of income, though it's very good to have a source of income that generate a very good amount of money for you weekly or monthly, but in other for your Bitcoin investment and your Bitcoin accumulation process to be easy and smooth, you just have to have more than one source of income and an emergency fund so as you wouldn't have to fall back to your holding when their is a pressing financial needs

Well is really good to have more than one sources of income it will help to lighten things for yah , most time the other sources can be a particular skill you learnt or having a side hustle. Most folks have a nice job and same time may have a good tech skill , so it can be using both to support each other, so he can choose to use more percentage of one of his sources to accumulate while he use the other as an emergency funds, so that he won't endup tampering with his investment when passing through hard time.

For investor relying on single investment its like ticking bomb for them waiting for disaster to come since if they lose their job that gives them income then for sure that they would face on darkest side in their life. Also with that thing for sure that they cannot set up their emergency fund since that doesn't give them any extra funds to spend on this important matter.

If we want to became a good or at least successful investor a multiple source of income is really important since the generated funds we get is somehow a good basis on how long we could able to last on long term investment path that we choose. Investment with bitcoin needs patience and consistent income flow so we need to be secured or consistent so that we could able to last up to 4 - 10 years or depends on the years set by each investors.

I was one of those who championed this multiple sources of income but along the line, I realized how defective that could be because it create a case of "Jack of all trades, master of none". If you are poised to getting multiple streams of income, chances are high that you will end of splitting your time and resources into tiny segments that may not produce the much desired results. I remember when I was still thinking this way, I was contemplating mining, buying shitcoins in their ICO and hoping they pump, investing in shares and also trying out stocks. That was how I spread my funds into different areas and end up losing most of the funds because what I was doing was sheer trial and error.

Instead of the quest to invest here and there, I think getting a solid business in the physical sector and investing in Bitcoin in the digital space is just enough. This will give you the time and opportunity to do it well and perfect the business. Part of the proceeds from the business can be invested into Bitcoin and saved for the future. For those working paid job, they can attached just one other physical investment to their job so they remain afloat  always instead of spreading their money to anything they see in the guise of multiple streams of income.

If your mind is so determined about opening too many streams of income, you will end up investing in many things that you will lose your money because there will not be enough time to study the business well and perform all the necessary risk analysis.

Try not to misunderstood the term having multiple streams of income, among the top 30 richest men in the world, tell me one of them that depends on a single income?

Even though the richest men in the world didn't have only one source of income but they didn't invest their money in shit projects that was why they are successful so when we are taking about having or investing on other things as a source of income, it should be investments that are productive and not some kind of investments that instead of making profits you even start losing from it.

To be honest with you here, you must not place all your investment on digital asset, to the best of my knowledge, the only reliable digital asset to invest in is Bitcoin, so why would I be thinking on investing into another digital asset when I know that it's only Bitcoin that is trustworthy?

I think using the word bitcoin should be more precise than talking about digital assets because they still fall under shit projects and about your question if bitcoin is the only asset that is trustworthy; the answer is capital YES, bitcoin is the only trusted and reliable project now, investing in any other coin is needless.

You might be doing an administrative job in your office, and still have an animal farm or two other offline business working for you,  which will certainly increase you financially, tell me how it's jack of all trades, master of none?
The earlier you understand that it's the fastest way to gain financial freedom the better.
 

Your explanations may be right but sorry, we are talking about bitcoin here and not about administrative jobs or having an animal farm but you can still use the income that comes from them to invest in bitcoin.

[JayJuanGee]

That's just one of the disadvantage of having only one source of income, though it's very good to have a source of income that generate a very good amount of money for you weekly or monthly, but in other for your Bitcoin investment and your Bitcoin accumulation process to be easy and smooth, you just have to have more than one source of income and an emergency fund so as you wouldn't have to fall back to your holding when their is a pressing financial needs

Well is really good to have more than one sources of income it will help to lighten things for yah , most time the other sources can be a particular skill you learnt or having a side hustle. Most folks have a nice job and same time may have a good tech skill , so it can be using both to support each other, so he can choose to use more percentage of one of his sources to accumulate while he use the other as an emergency funds, so that he won't endup tampering with his investment when passing through hard time.

For investor relying on single investment its like ticking bomb for them waiting for disaster to come since if they lose their job that gives them income then for sure that they would face on darkest side in their life. Also with that thing for sure that they cannot set up their emergency fund since that doesn't give them any extra funds to spend on this important matter.

If we want to became a good or at least successful investor a multiple source of income is really important since the generated funds we get is somehow a good basis on how long we could able to last on long term investment path that we choose. Investment with bitcoin needs patience and consistent income flow so we need to be secured or consistent so that we could able to last up to 4 - 10 years or depends on the years set by each investors.

I was one of those who championed this multiple sources of income but along the line, I realized how defective that could be because it create a case of "Jack of all trades, master of none". If you are poised to getting multiple streams of income, chances are high that you will end of splitting your time and resources into tiny segments that may not produce the much desired results. I remember when I was still thinking this way, I was contemplating mining, buying shitcoins in their ICO and hoping they pump, investing in shares and also trying out stocks. That was how I spread my funds into different areas and end up losing most of the funds because what I was doing was sheer trial and error.

Instead of the quest to invest here and there, I think getting a solid business in the physical sector and investing in Bitcoin in the digital space is just enough. This will give you the time and opportunity to do it well and perfect the business. Part of the proceeds from the business can be invested into Bitcoin and saved for the future. For those working paid job, they can attached just one other physical investment to their job so they remain afloat  always instead of spreading their money to anything they see in the guise of multiple streams of income.

If your mind is so determined about opening too many streams of income, you will end up investing in many things that you will lose your money because there will not be enough time to study the business well and perform all the necessary risk analysis.

Another angle is that sometimes we also should be investing into ourselves in ways that would potentially cause us to work smarter rather than working harder and also we might be able to increase our income by being able to get higher paying jobs by investing into ourselves (such as training, education and/or getting experiences that might not pay well in early years, but have greater potential to pay off higher at later times down the road).

[Jewan420]

Another angle is that sometimes we also should be investing into ourselves in ways that would potentially cause us to work smarter rather than working harder and also we might be able to increase our income by being able to get higher paying jobs by investing into ourselves (such as training, education and/or getting experiences that might not pay well in early years, but have greater potential to pay off higher at later times down the road).

Updating oneself or improving oneself is a sign of a wise person. A wise person always strives to improve himself and must invest in it. Investment here does not mean that you have to invest money, sometimes you have to invest time to improve your skills, sometimes you have to invest labor, investing time can improve your skills and sometimes you have to invest labor, time and money. have to do Investing in yourself never hurts when it comes to investing, of course your knowledge will increase, it's a return on investment and your salary is likely to increase or your earnings will increase as a bonus for you. So always try to update yourself and invest some time in it. Investing in yourself can help your portfolio grow faster.

[Princess Leah]

Another angle is that sometimes we also should be investing into ourselves in ways that would potentially cause us to work smarter rather than working harder and also we might be able to increase our income by being able to get higher paying jobs by investing into ourselves (such as training, education and/or getting experiences that might not pay well in early years, but have greater potential to pay off higher at later times down the road).

Updating oneself or improving oneself is a sign of a wise person. A wise person always strives to improve himself and must invest in it. Investment here does not mean that you have to invest money, sometimes you have to invest time to improve your skills, sometimes you have to invest labor, investing time can improve your skills and sometimes you have to invest labor, time and money. have to do Investing in yourself never hurts when it comes to investing, of course your knowledge will increase, it's a return on investment and your salary is likely to increase or your earnings will increase as a bonus for you. So always try to update yourself and invest some time in it. Investing in yourself can help your portfolio grow faster.

Very correct, it's not only about investing on thing that's would generate wealth but also on a general investment which involves health, knowledge, skillset etc. There's a saying that health is wealth therefore I think that the major things humans should invest more on is good health, cause it paves a way for others to fall in place, once the health of an investor is not okay, (especialy their mental health) the investor won't be in the right state of mind to carry out investment.

 Another import aspect of life that's worthy of investment is knowledge, the ability to know and understand what you've known gives one a better edge against people who lacks knowledge in a particular field of operation and like you said it would increase the earning bonus of such person, for instance someone who knows and understands the concepts of Bitcoin investment stands a better chance than one who knows but  doesn't understands it.

[Barikui1]

Another angle is that sometimes we also should be investing into ourselves in ways that would potentially cause us to work smarter rather than working harder and also we might be able to increase our income by being able to get higher paying jobs by investing into ourselves (such as training, education and/or getting experiences that might not pay well in early years, but have greater potential to pay off higher at later times down the road).

Updating oneself or improving oneself is a sign of a wise person. A wise person always strives to improve himself and must invest in it. Investment here does not mean that you have to invest money, sometimes you have to invest time to improve your skills, sometimes you have to invest labor, investing time can improve your skills and sometimes you have to invest labor, time and money. have to do Investing in yourself never hurts when it comes to investing, of course your knowledge will increase, it's a return on investment and your salary is likely to increase or your earnings will increase as a bonus for you. So always try to update yourself and invest some time in it. Investing in yourself can help your portfolio grow faster.

Yea you are right, and I also the same sentiment as you, because I am quite aware that the best investment anyone can ever make in this life is by investing in himself.
So by investing in your education, your growth, your mental health and your health is  a perfect template for an individual to be able to grow and face the world, because knowledge is very much key in every sector of life, and their is a saying in my country that goes like this; If you think that education is too expensive, try ignorance.

So in essence of what am trying to say is that, without updating and improving yourself in this evolving and developing world, you are bound to hit a rock at some point in the future, but if you are educated enough in all aspects, I believe that your decision making will speak volume for you.

[DubemIfedigbo001]

The investment period varies, such as you can invest short-term or long-term. If you invest for a long time, you will get comparatively higher dividends than short-term investments. So we can invest in Bitcoin for a long time by adopting the (DCA) method which gives us the possibility of getting high dividends in the future.

There are other means of investing in bitcoin that would still give you high dividends and not only using DCA, the focus is on your investment target and not on the accumulation process. Some people who have large discretionary income at their their disposal lumpsum and reach their accumulation target and continue holding for long, such people would still get high dividends from their hodling, others lump sums during the dip, possibly reaches their targets faster and stops accumulating to hold, they are still on the right track, then there are others, those with lower discretionary income, but get it at intervals and can fuel their accumulation through a slow and steady process over  longer periods of time unil they achieve their accumulation target. There are also some investors who having reached their accumulation target through Lump summing, buying the dip or DCA suddenly gets dissatisfied with their portfolio and continue accumulating bitcoin. Them too are adding extra cushion to their presumed high dividends.

People usually invest considering their personal needs, achieving some goals, interests. However, keeping some things in mind, just as long-term investments can yield higher dividends, the possibility of losses is also reduced to a large extent compared to short-term investments. For this, you need to understand which holding period is suitable for you and invest.

Investing for a short period of time in bitcoin is simply trading it. Investing is buying without selling soon. Well, safe from the fact that there might be overly pressing needs that outweighs your emergency funds and you have to sell off instead of patronizing loan sharks or getting into unwarranted debts, then you can reduce your portfolio and resume accumulating when you have found your grounds again

If we invest in Bitcoin for the long term through the (DCA) method, we can get a high return, which is absolutely not possible in short-term investments.

Definitely, but not through DCA alone and it might interest you that some people are just lump summing at irregular intervals and accumulating huge amounts of BTC, eg the famous mike Saylor and MicroStrategy story which has a history of lump summing on bitcoin and accumulating more and more and in his recent interview, he stated that his motive is to support bitcoin forever and that is the stand of his company, he further dismissed any intention of selling his assets indicating that when he is gone, his assets would flow into a charity organization that supports bitcoin. Such a strong investor and one worthy of emulation . The level of aggressiveness in accumulating bitcoin is noteworthy and it is pertinent to note that the company uses its cash reserves to accumulate bitcoin which is equivalent to our discretionary income on a human level. One of the stories I love reading so much is the-love-story-of-michael-saylor-and-bitcoin.

and  you can note how he always increases his holdings both on a personal and company level, so you see that it is all about your target accumulation and not necessarily the accumulation process, so whichever one you wish to adopt, make sure you keep accumulating bitcoin to secure your financial future and it is okay not getting satisfied even when you have reached your accumulation target. Set a new target for yourself and keep accumulating and Holding Bitcoin.

[avp2306]

I was one of those who championed this multiple sources of income but along the line, I realized how defective that could be because it create a case of "Jack of all trades, master of none". If you are poised to getting multiple streams of income, chances are high that you will end of splitting your time and resources into tiny segments that may not produce the much desired results. I remember when I was still thinking this way, I was contemplating mining, buying shitcoins in their ICO and hoping they pump, investing in shares and also trying out stocks. That was how I spread my funds into different areas and end up losing most of the funds because what I was doing was sheer trial and error.

Instead of the quest to invest here and there, I think getting a solid business in the physical sector and investing in Bitcoin in the digital space is just enough. This will give you the time and opportunity to do it well and perfect the business. Part of the proceeds from the business can be invested into Bitcoin and saved for the future. For those working paid job, they can attached just one other physical investment to their job so they remain afloat  always instead of spreading their money to anything they see in the guise of multiple streams of income.

If your mind is so determined about opening too many streams of income, you will end up investing in many things that you will lose your money because there will not be enough time to study the business well and perform all the necessary risk analysis.

Another angle is that sometimes we also should be investing into ourselves in ways that would potentially cause us to work smarter rather than working harder and also we might be able to increase our income by being able to get higher paying jobs by investing into ourselves (such as training, education and/or getting experiences that might not pay well in early years, but have greater potential to pay off higher at later times down the road).

Sometimes this is the mistake of some people thinking that there's an easy way on everything and they just need to learn the basic then everything will work for them instantly. But they forget to realize that everything change that's why their learnings towards each situation or condition is important so that they can adapt on those changes and make sure that they didn't left behind. Especially right now where technology is fast evolving being knowledgeable person and adaptive is important so that they can survive and still gaining profit with new things introduce to them.

If people just have patience and have this attitude that hungry for new information or ideas then provably that everything will pays off with them in long run.

[Scarlett_23]

Skill is worth more than just hard work.  A skilled person can light up his workplace with his skills, be it from high to low positions.  We also see examples of hard work and skill in animals like "The donkey works hard all day and is careless, while the lion is the king of the forest." Every human being has to invest skill in himself i.e. improve himself more and more with technology as time goes by.  It is more important to act smartly than to lie like a donkey.  A job or training that is not currently improving but that skill in the future may bring a much higher income.

[Obim34]

That's just one of the disadvantage of having only one source of income, though it's very good to have a source of income that generate a very good amount of money for you weekly or monthly, but in other for your Bitcoin investment and your Bitcoin accumulation process to be easy and smooth, you just have to have more than one source of income and an emergency fund so as you wouldn't have to fall back to your holding when their is a pressing financial needs

Well is really good to have more than one sources of income it will help to lighten things for yah , most time the other sources can be a particular skill you learnt or having a side hustle. Most folks have a nice job and same time may have a good tech skill , so it can be using both to support each other, so he can choose to use more percentage of one of his sources to accumulate while he use the other as an emergency funds, so that he won't endup tampering with his investment when passing through hard time.

For investor relying on single investment its like ticking bomb for them waiting for disaster to come since if they lose their job that gives them income then for sure that they would face on darkest side in their life. Also with that thing for sure that they cannot set up their emergency fund since that doesn't give them any extra funds to spend on this important matter.

If we want to became a good or at least successful investor a multiple source of income is really important since the generated funds we get is somehow a good basis on how long we could able to last on long term investment path that we choose. Investment with bitcoin needs patience and consistent income flow so we need to be secured or consistent so that we could able to last up to 4 - 10 years or depends on the years set by each investors.

I was one of those who championed this multiple sources of income but along the line, I realized how defective that could be because it create a case of "Jack of all trades, master of none". If you are poised to getting multiple streams of income, chances are high that you will end of splitting your time and resources into tiny segments that may not produce the much desired results. I remember when I was still thinking this way, I was contemplating mining, buying shitcoins in their ICO and hoping they pump, investing in shares and also trying out stocks. That was how I spread my funds into different areas and end up losing most of the funds because what I was doing was sheer trial and error.

Instead of the quest to invest here and there, I think getting a solid business in the physical sector and investing in Bitcoin in the digital space is just enough. This will give you the time and opportunity to do it well and perfect the business. Part of the proceeds from the business can be invested into Bitcoin and saved for the future. For those working paid job, they can attached just one other physical investment to their job so they remain afloat  always instead of spreading their money to anything they see in the guise of multiple streams of income.

If your mind is so determined about opening too many streams of income, you will end up investing in many things that you will lose your money because there will not be enough time to study the business well and perform all the necessary risk analysis.

Another angle is that sometimes we also should be investing into ourselves in ways that would potentially cause us to work smarter rather than working harder and also we might be able to increase our income by being able to get higher paying jobs by investing into ourselves (such as training, education and/or getting experiences that might not pay well in early years, but have greater potential to pay off higher at later times down the road).

So far, hard work alone can not upgrade our resourcefulness, there are times when we need to utilize our skills and conduct to increase efficiency, if it was total based on hard work then we should be having less or no poor people in the society because in reality the poor tends to work more hands in other to survive.

In my own environment, the basic way of keeping wealth is by owning businesses, this has been the most efficient method whereby people enlarges their output, with less stress and conserving lot's of time to spend on creating another.

[sotelorene]

Another angle is that sometimes we also should be investing into ourselves in ways that would potentially cause us to work smarter rather than working harder and also we might be able to increase our income by being able to get higher paying jobs by investing into ourselves (such as training, education and/or getting experiences that might not pay well in early years, but have greater potential to pay off higher at later times down the road).

Updating oneself or improving oneself is a sign of a wise person. A wise person always strives to improve himself and must invest in it. Investment here does not mean that you have to invest money, sometimes you have to invest time to improve your skills, sometimes you have to invest labor, investing time can improve your skills and sometimes you have to invest labor, time and money. have to do Investing in yourself never hurts when it comes to investing, of course your knowledge will increase, it's a return on investment and your salary is likely to increase or your earnings will increase as a bonus for you. So always try to update yourself and invest some time in it. Investing in yourself can help your portfolio grow faster.

It is really good to invest in oneself but I don't think it has something to do with Bitcoin investment here because we don't need any skill here to improve or progress on anything rather what we need here is discipline on our investment and consistent in our accumulation perhaps people who need this are traders which is not even enough sometimes because there's still going to be loss  despite investing in themselves to get more knowledge and skills though newbie need to sacrifice a little time to know the basic concept of investment after which everything comes while they are investing.

[Samlucky O]

Skill is worth more than just hard work.  A skilled person can light up his workplace with his skills, be it from high to low positions. 

Even though I don't see any connection between your statement and the ongoing thread of discussion, but yet skill is important and hard work is also important, some people will say work smart and not hard, but they forget that in every smart work there is a driving force which is hard work.  Smartness is done  by the brain or mindset while the action is proppeld by hardwork and the end product become achieved. so no matter how people sugarcoat it, hard work plays a vital role to one success even though hard work surely has level.

We also see examples of hard work and skill in animals like "The donkey works hard all day and is careless, while the lion is the king of the forest."

Surely a donkey cannot be compeard to lion because it's nature and mindset are not thesame. A prey must surely be a prey while the predator always a predator.

The truth of the matter is that no matter the comparison,  everything must not be thesame. a lion must be a lion while the donkey Must surely be a donkey. No matter how smart a donkey try to be it can't be smarter than a lion.

Just as most most people keep failing to invest in bitcoin and gambling shitcoin hoping to get a reasonable amount in return after several warning of staying away from shitcoin, Still they chose to behave like the donkey. Those who are wise made the right decision and that is what makes them Smart.

[CageMabok]

Skill is worth more than just hard work.  A skilled person can light up his workplace with his skills, be it from high to low positions.  We also see examples of hard work and skill in animals like "The donkey works hard all day and is careless, while the lion is the king of the forest." Every human being has to invest skill in himself i.e. improve himself more and more with technology as time goes by.  It is more important to act smartly than to lie like a donkey.  A job or training that is not currently improving but that skill in the future may bring a much higher income.

Such advice is indeed useful for everyone to understand, especially for those who are new to Bitcoin and have just entered the market to make Bitcoin purchases with the amount of money they currently have. But for the investment of knowledge that we will put into our own brains, I think something like that only needs to be said once to everyone because they will definitely find a way when they don't know about what they are learning like Bitcoin. So you yourself don't need to worry about it because everyone will definitely take steps to be able to advance themselves into something more useful for themselves and now don't take your focus off Bitcoin because market conditions are getting better at the end of this year.

[Olatundespo]

Another angle is that sometimes we also should be investing into ourselves in ways that would potentially cause us to work smarter rather than working harder and also we might be able to increase our income by being able to get higher paying jobs by investing into ourselves (such as training, education and/or getting experiences that might not pay well in early years, but have greater potential to pay off higher at later times down the road).

Updating oneself or improving oneself is a sign of a wise person. A wise person always strives to improve himself and must invest in it. Investment here does not mean that you have to invest money, sometimes you have to invest time to improve your skills, sometimes you have to invest labor, investing time can improve your skills and sometimes you have to invest labor, time and money. have to do Investing in yourself never hurts when it comes to investing, of course your knowledge will increase, it's a return on investment and your salary is likely to increase or your earnings will increase as a bonus for you. So always try to update yourself and invest some time in it. Investing in yourself can help your portfolio grow faster.

It is really good to invest in oneself but I don't think it has something to do with Bitcoin investment here because we don't need any skill here to improve or progress on anything rather what we need here is discipline on our investment and consistent in our accumulation perhaps people who need this are traders which is not even enough sometimes because there's still going to be loss  despite investing in themselves to get more knowledge and skills though newbie need to sacrifice a little time to know the basic concept of investment after which everything comes while they are investing.

I agree with you. To be successful in investing in Bitcoin you should invest regularly and with your own mindset so that Bitcoin continues to accumulate in any price situation. Being tempted by other people's hype can make you afraid of investing, which can make you much more reluctant to hold. You should keep your attitude of losing money awake when investing because you should be prepared for any situation. It is good for new investors to increase their skills and make the right decisions for them.

By doing DCAing newbies can prevent wasting time and learn about the market situation while also accumulating Bitcoin which will increase their experience with holding in the future.