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Author Topic: Balancing Financial security and Bitcoin Accumulation  (Read 21874 times)
Derekfunds
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August 15, 2025, 11:39:34 PM
Merited by CryptopreneurBrainboss (2)
 #721

To invest, a person needs to find a source of stable income and from his stable income, he needs to extract discretionary income through proper financial management. Because investing with discretionary income is very good because the amount of money left after deducting all your expenses is discretionary income. If you invest with discretionary income, even if you lose, you will not be in too much financial trouble. Because you have invested with your remaining money
I largely agree to what you are saying, but what I did not agree to is some part of the highlighted statement, because to the best of my knowledge, Bitcoin investment is open to all. Your statement suggest that those people that don't have a stable income should not invest in Bitcoin, but on the contrary, anyone can invest in Bitcoin as long as he has a discretionary income from any income that comes into his hands. Take note that not everyone that has a stable income can figure out their discretionary income, so what am trying to say is that Bitcoin investment is open to all that can figure out their discretionary income from their source of income, it must not be stable as you are saying, but as long as he or she can figure out their discretionary income from what ever income that comes into his hands, he is good to go.

I totally agree with you, there are folks that has stable source of income but getting a reserve funds is difficult talk more of discretionary, some folks are so useless and careless and yes your kind or type of income doesn't stop you or anyone from Investing as far as they get a discretionary from that source of income and also emergency funds because this fund is very vital when it comes to investing and holding  for long. The only disadvantage of having an unstable source of income is that one won't be able to invest intermittently because sometimes this funds can waste time before it comes but a wise investor will device a means to make everything work perfect with the unstable income, it is all about the mind and target.

 
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August 16, 2025, 08:44:30 AM
 #722

To invest, a person needs to find a source of stable income and from his stable income, he needs to extract discretionary income through proper financial management. Because investing with discretionary income is very good because the amount of money left after deducting all your expenses is discretionary income. If you invest with discretionary income, even if you lose, you will not be in too much financial trouble. Because you have invested with your remaining money

It is not something that only discretionary income will be from a stable income source. For example, there are many people whose work is not stable. They work on daily wages. Again, there are many people who are paid when the contractor completes their work. So we can never say that discretionary income has to be derived from a stable income. A person can derive discretionary income from any of his sources of income through proper financial management.

It is very important for all of us to have proper financial management. Because if we cannot manage our finances properly, then maybe after a while we can put our holdings at risk or may fall into risk. If our expenses are more than our income, if we cannot control it properly, then maybe after a while we can get into debt or we may have to sell our holdings due to the need for money.

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August 16, 2025, 09:25:23 AM
 #723

To invest, a person needs to find a source of stable income and from his stable income, he needs to extract discretionary income through proper financial management. Because investing with discretionary income is very good because the amount of money left after deducting all your expenses is discretionary income. If you invest with discretionary income, even if you lose, you will not be in too much financial trouble. Because you have invested with your remaining money
I largely agree to what you are saying, but what I did not agree to is some part of the highlighted statement, because to the best of my knowledge, Bitcoin investment is open to all. Your statement suggest that those people that don't have a stable income should not invest in Bitcoin, but on the contrary, anyone can invest in Bitcoin as long as he has a discretionary income from any income that comes into his hands. Take note that not everyone that has a stable income can figure out their discretionary income, so what am trying to say is that Bitcoin investment is open to all that can figure out their discretionary income from their source of income, it must not be stable as you are saying, but as long as he or she can figure out their discretionary income from what ever income that comes into his hands, he is good to go.

I totally agree with you, there are folks that has stable source of income but getting a reserve funds is difficult talk more of discretionary, some folks are so useless and careless and yes your kind or type of income doesn't stop you or anyone from Investing as far as they get a discretionary from that source of income and also emergency funds because this fund is very vital when it comes to investing and holding  for long. The only disadvantage of having an unstable source of income is that one won't be able to invest intermittently because sometimes this funds can waste time before it comes but a wise investor will device a means to make everything work perfect with the unstable income, it is all about the mind and target.
Another thing about those guys that has a stable coin is that most times, it's not that they are mismanaging their funds, it's because their said salary is too small to even take care of themself and their basic needs. In such a scenario, is either the said fellow start looking for another job or look for an extra means in earning money so that he can have a discretionary income to invest.
As for the highlighted statement, i sees no big disadvantage there because those guys that doesn't have a stable source of income are mostly work men, I mean those with skills, they are more likely to earn more than those with a stable source of income, so if the said fellow knows how to manage his finance properly, their is no reason he wouldn't have a discretionary income constantly to invest in Bitcoin, so it's not about having a stable source of income or not, it mostly boils down to the said person, if he is good in managing his finance or not.

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August 16, 2025, 05:40:59 PM
 #724

To invest, a person needs to find a source of stable income and from his stable income, he needs to extract discretionary income through proper financial management. Because investing with discretionary income is very good because the amount of money left after deducting all your expenses is discretionary income. If you invest with discretionary income, even if you lose, you will not be in too much financial trouble. Because you have invested with your remaining money
I largely agree to what you are saying, but what I did not agree to is some part of the highlighted statement, because to the best of my knowledge, Bitcoin investment is open to all. Your statement suggest that those people that don't have a stable income should not invest in Bitcoin, but on the contrary, anyone can invest in Bitcoin as long as he has a discretionary income from any income that comes into his hands. Take note that not everyone that has a stable income can figure out their discretionary income, so what am trying to say is that Bitcoin investment is open to all that can figure out their discretionary income from their source of income, it must not be stable as you are saying, but as long as he or she can figure out their discretionary income from what ever income that comes into his hands, he is good to go.

I totally agree with you, there are folks that has stable source of income but getting a reserve funds is difficult talk more of discretionary, some folks are so useless and careless and yes your kind or type of income doesn't stop you or anyone from Investing as far as they get a discretionary from that source of income and also emergency funds because this fund is very vital when it comes to investing and holding  for long. The only disadvantage of having an unstable source of income is that one won't be able to invest intermittently because sometimes this funds can waste time before it comes but a wise investor will device a means to make everything work perfect with the unstable income, it is all about the mind and target.

It is better to figure out our discretionary income from an unstable source of income and invest than waiting to have a stable source of income because it will enable us to move from being a no coiner to being a coiner, and with DCA strategy we can invest with the little discretionary we have at when we have since the dca must no be regular stable for it to be called DCA though being consistent will make us reach out goal faster and that is only if you have the means to sustain consistency without struggling in meeting up in your other important needs.

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August 16, 2025, 07:39:40 PM
 #725

It is better to figure out our discretionary income from an unstable source of income and invest than waiting to have a stable source of income because it will enable us to move from being a no coiner to being a coiner, and with DCA strategy we can invest with the little discretionary we have at when we have since the dca must no be regular stable for it to be called DCA though being consistent will make us reach out goal faster and that is only if you have the means to sustain consistency without struggling in meeting up in your other important needs.
When it comes to investing in Bitcoin, it is not required for the individual to wait for a steady source of income because everything is a gradual process, which is why anyone interested in investing should begin with the smallest sums amount available at the moment.  You can see from the small amount that they will grow beyond your expectations. The DCA, in particular, is the ideal approach to reach out and invest, especially in terms of long-term portfolio accumulation for a higher return on investment.

R


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August 16, 2025, 08:05:47 PM
Merited by Bigjoe33 (1)
 #726

Yes, there are many people who aren’t motivated to invest in bitcoin despite having money, and lack of understanding is one thing here. Although there are some other factors too that might affect them, such as;
• level of risk tolerance, most of them see Bitcoin investment as something they can’t keep up with due to its high volatility, they panic quickly when there’s a price drop and as such want to avoid such kind of investment not knowing that it’s an opportunity to accumulate more bitcoin

We Should know that there is no investment that is risk Free even if you're into real estate Business or selling of land, this businesses/ investments is not risk free and I think the risk in bitcoin investment is even low compared to the risk that is involved in this above mentioned business, but everyone is entitled to go for the one they think is risk Free. Those that panick during the dip are not just Investors but traders because a real investor sees it as a big opportunity to front load thier investment while traders will be tempted to sell thier bitcoin during this process.
That is just it mate you have just spoken the truth that there is no business that is risky free, you just reminded me when i started a provision business and it was associated with  risks but my success into the business is that i was able to manage the risks because with provision business there are not much profit on that t business, so with the my experience in the past and now, i understand that no investments that is risk free all will need to know the best channel to use so that the risk can be managed, it is advisable to always know the right channel to use when it comes to Bitcoin investments, and DCA strategy is there to manage your risk and allow you to accumulating without being afraid of losing anything.

R


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August 16, 2025, 10:59:03 PM
Merited by igebotz (1)
 #727

It is better to figure out our discretionary income from an unstable source of income and invest than waiting to have a stable source of income because it will enable us to move from being a no coiner to being a coiner, and with DCA strategy we can invest with the little discretionary we have at when we have since the dca must no be regular stable for it to be called DCA though being consistent will make us reach out goal faster and that is only if you have the means to sustain consistency without struggling in meeting up in your other important needs.
When it comes to investing in Bitcoin, it is not required for the individual to wait for a steady source of income because everything is a gradual process,
You're right, As a beginner who is about getting started with bitcoin investment all you need is just a discretionary income after you most have get the basic knowledge about bitcoin investment, you don't necessarily need  to wait until you get a steady or  stable source of income before getting started.
anyone interested in investing should begin with the smallest sums amount available at the moment. 

This is a good advice, just as some people feel that the amount they have in thier discretionary funds is too small to start up with, not knowing that amount they feel that is too small for them to start with can yield something reasonable if they can Stick to their routine buying of bitcoin. the most important thing is getting started the very moment you realize that you have a discretionary fund available no matter how small it is, with time  you will get to a certain point where you will now have to increase your discretionary income and start applying some aggressiveness. so there is no point in trying to get a steady or stable source of income before getting started when you already have your discretionary fund available, those who are going with this method is just wasting thier time and also missing a lot of buying opportunities.

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August 17, 2025, 02:15:14 AM
 #728

It is better to figure out our discretionary income from an unstable source of income and invest than waiting to have a stable source of income because it will enable us to move from being a no coiner to being a coiner, and with DCA strategy we can invest with the little discretionary we have at when we have since the dca must no be regular stable for it to be called DCA though being consistent will make us reach out goal faster and that is only if you have the means to sustain consistency without struggling in meeting up in your other important needs.
When it comes to investing in Bitcoin, it is not required for the individual to wait for a steady source of income because everything is a gradual process, which is why anyone interested in investing should begin with the smallest sums amount available at the moment.  You can see from the small amount that they will grow beyond your expectations. The DCA, in particular, is the ideal approach to reach out and invest, especially in terms of long-term portfolio accumulation for a higher return on investment.
Small efforts can have long term investing plans. When you are able to be mindful of the initial stages of Bitcoin accumulation and start with small discretionary income, it can be a key to investment security for you because you will have a long term to continue and hold on. The larger your fund, the more you should have a mindset to continue accumulating. The ideal deposit strategy is to invest in Bitcoin through DCA and set your mindset in such a way that as your discretionary income increases, your Bitcoin investing will increase. If you initially start with $50 a week and after six months this amount can be increased to $80 and after a year you can plan to deposit $100 Bitcoin and increase the accumulate over time depending on the discretionary fund then it will be easier for you to get a full number of Bitcoin.
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August 17, 2025, 02:46:20 AM
 #729

Small efforts can have long term investing plans. When you are able to be mindful of the initial stages of Bitcoin accumulation and start with small discretionary income, it can be a key to investment security for you because you will have a long term to continue and hold on. The larger your fund, the more you should have a mindset to continue accumulating. The ideal deposit strategy is to invest in Bitcoin through DCA and set your mindset in such a way that as your discretionary income increases, your Bitcoin investing will increase. If you initially start with $50 a week and after six months this amount can be increased to $80 and after a year you can plan to deposit $100 Bitcoin and increase the accumulate over time depending on the discretionary fund then it will be easier for you to get a full number of Bitcoin.
First of, whether or not your discretionary income increases, by sticking to a consistent DCAing, your investment will definitely increase overtime as you continue to accumulate. And you don't increase your discretionary income, except you've increased your overall income. When individuals increase their overall income, they have the opportunity to allocate more funds to their discretionary spending, and that means they'll also increase how much they allocate to their Bitcoin Accumulation. This can potentially improve your financial stability and of course increase your savings too, or even enhance your lifestyle choices. Increasing one's overall income also individuals for more flexibility and financial freedom.

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August 17, 2025, 04:20:52 AM
Merited by Creeper0 (2)
 #730

It is better to figure out our discretionary income from an unstable source of income and invest than waiting to have a stable source of income because it will enable us to move from being a no coiner to being a coiner, and with DCA strategy we can invest with the little discretionary we have at when we have since the dca must no be regular stable for it to be called DCA though being consistent will make us reach out goal faster and that is only if you have the means to sustain consistency without struggling in meeting up in your other important needs.
When it comes to investing in Bitcoin, it is not required for the individual to wait for a steady source of income because everything is a gradual process, which is why anyone interested in investing should begin with the smallest sums amount available at the moment.  You can see from the small amount that they will grow beyond your expectations. The DCA, in particular, is the ideal approach to reach out and invest, especially in terms of long-term portfolio accumulation for a higher return on investment.
What I think is that it is really important to start investing but more important is to continue investing for a long time and hold Bitcoin. It is right that you should start investing with a small amount of money, I agree with you on this but it is more important to be able to do it for a long time. Now if someone is forced to sell Bitcoin due to financial problems 1 to 2 years after starting the investment, it will cause a lot of loss for him. Because in the past many people have invested in Bitcoin but not everyone has benefited. Those who have invested for a long time have benefited at the end of the day. Let's say someone has invested all of it in 2017 and in 2018 due to some kind of financial problem, his Bitcoin investment is stopped and later he has to sell Bitcoin. In 2018, the price of Bitcoin had decreased a lot due to which he has faced a loss then. But if he had a regular income at that time, if he had a discretionary income, if he had formed an emergency fund and a reserve fund and if he had continued that investment for 10 years or more regularly through the DCA method, then he would have benefited many times more than his investment at this moment. So those who are interested in investing should not delay, but they should keep in mind that they have to invest for a long time and for this they have to have a discretionary income and in addition they have an emergency fund and a reserve fund so that even if they face all kinds of financial problems, they can continue investing in Bitcoin by solving them.

Price information source from : https://charts.bitbo.io/price/

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August 17, 2025, 04:21:20 AM
 #731

I think the most important thing is knowing if one have discretionary income to invest with, if the discretionary income to invest with is available getting the right knowledge can be done while accumulating. Since we will be moved to know more about bitcoin especially when we have already started investing. So the key thing is to be able to determine whether we have a discretionary income to invest with all other things that we need to know can be learn while accumulating.

You're right but I think having the basic knowledge need to come along after a Guy must have figured out his discretionary income before  getting started, because failure to get the basic knowledge can make one to make unnecessary mistake. And yeah, when you have the basic knowledge and also knowing that you have a discretionary income to start with, you don't necessarily need to wait until you acquire all the knowledge about bitcoin investment than to get started. As a beginner the basic knowledge is what you need for a start because waiting to get all the information/knowledge about bitcoin investment is just like a waste of time still you won't be able to get it all not until you get started.
There are many people who have money but do not have the mindset and knowledge to invest in Bitcoin, and there are some people who have knowledge but are unable to invest due to lack of sufficient money. Knowledge is not everything, a person does not need much knowledge to start their journey in Bitcoin, if someone starts investing by being a little aggressive or by continuing to invest through consistent and regular purchases, then he is an investor and that is what he needs to invest in Bitcoin.

Because aggressive investment behaviors strengthen knowledge and determination, knowledge and determination strengthen buying behavior. If you do not make mistakes, it is hoped that through your Bitcoin buying activities, your strong cash flow management and Bitcoin buying will be practiced for you. And through this practice, a positive investment power will grow within you that you will continue to feel within yourself.

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August 17, 2025, 05:59:17 AM
 #732

I think the most important thing is knowing if one have discretionary income to invest with, if the discretionary income to invest with is available getting the right knowledge can be done while accumulating. Since we will be moved to know more about bitcoin especially when we have already started investing. So the key thing is to be able to determine whether we have a discretionary income to invest with all other things that we need to know can be learn while accumulating.

You're right but I think having the basic knowledge need to come along after a Guy must have figured out his discretionary income before  getting started, because failure to get the basic knowledge can make one to make unnecessary mistake. And yeah, when you have the basic knowledge and also knowing that you have a discretionary income to start with, you don't necessarily need to wait until you acquire all the knowledge about bitcoin investment than to get started. As a beginner the basic knowledge is what you need for a start because waiting to get all the information/knowledge about bitcoin investment is just like a waste of time still you won't be able to get it all not until you get started.
There are many people who have money but do not have the mindset and knowledge to invest in Bitcoin, and there are some people who have knowledge but are unable to invest due to lack of sufficient money. Knowledge is not everything, a person does not need much knowledge to start their journey in Bitcoin, if someone starts investing by being a little aggressive or by continuing to invest through consistent and regular purchases, then he is an investor and that is what he needs to invest in Bitcoin.

Because aggressive investment behaviors strengthen knowledge and determination, knowledge and determination strengthen buying behavior. If you do not make mistakes, it is hoped that through your Bitcoin buying activities, your strong cash flow management and Bitcoin buying will be practiced for you. And through this practice, a positive investment power will grow within you that you will continue to feel within yourself.
No matter what we shouldn't undermine the important of knowledge in bitcoin investment without basic knowledge we can't really know if we have the discretionary income that is needed for investing in bitcoin. However knowledge is useless without action, for that all we need to start investing in bitcoin is basic knowledge and the ability to determine whether we have the discretionary income to invest with. Therefore every other thing we need to know as regards our investment we can learn it along the line while accumulating bitcoin.

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August 17, 2025, 06:47:01 AM
 #733

It is not a guarantee that you must have a discretionary income because you have stable source of income.
I agree with you point @Frankolala. And yeah the same situation you said also  applies to someone who doesn't have a stable source of income. That’s why I feel that when it comes to Bitcoin investments we shouldn't even be debating on whether the income is stable or unstable, one should rather focus on the real question which is whether one can actually extract his/her discretionary income from whatever he/she earns. Because at the end of the day, your discretionary income is your deciding factor on whether you can invest in Bitcoin or not. Without discretionary income, your long term investment in Bitcoin is practically impossible, whether your source of income is stable or unstable..

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August 17, 2025, 10:41:12 AM
 #734

I think the most important thing is knowing if one have discretionary income to invest with, if the discretionary income to invest with is available getting the right knowledge can be done while accumulating. Since we will be moved to know more about bitcoin especially when we have already started investing. So the key thing is to be able to determine whether we have a discretionary income to invest with all other things that we need to know can be learn while accumulating.

You're right but I think having the basic knowledge need to come along after a Guy must have figured out his discretionary income before  getting started, because failure to get the basic knowledge can make one to make unnecessary mistake. And yeah, when you have the basic knowledge and also knowing that you have a discretionary income to start with, you don't necessarily need to wait until you acquire all the knowledge about bitcoin investment than to get started. As a beginner the basic knowledge is what you need for a start because waiting to get all the information/knowledge about bitcoin investment is just like a waste of time still you won't be able to get it all not until you get started.
There are many people who have money but do not have the mindset and knowledge to invest in Bitcoin, and there are some people who have knowledge but are unable to invest due to lack of sufficient money. Knowledge is not everything, a person does not need much knowledge to start their journey in Bitcoin, if someone starts investing by being a little aggressive or by continuing to invest through consistent and regular purchases, then he is an investor and that is what he needs to invest in Bitcoin.

Because aggressive investment behaviors strengthen knowledge and determination, knowledge and determination strengthen buying behavior. If you do not make mistakes, it is hoped that through your Bitcoin buying activities, your strong cash flow management and Bitcoin buying will be practiced for you. And through this practice, a positive investment power will grow within you that you will continue to feel within yourself.
No matter what we shouldn't undermine the important of knowledge in bitcoin investment without basic knowledge we can't really know if we have the discretionary income that is needed for investing in bitcoin. However knowledge is useless without action, for that all we need to start investing in bitcoin is basic knowledge and the ability to determine whether we have the discretionary income to invest with. Therefore every other thing we need to know as regards our investment we can learn it along the line while accumulating bitcoin.
You can develop further in investing only through proper application of knowledge. Starting Bitcoin accumulation is more challenging for new investors. Once he can start, it becomes easier for him because for most newcomers, overcoming the initial stages of investment is more challenging and important. If you can endure the initial stage you can become a successful investor in investing. To start Bitcoin you need to have basic knowledge as well as discretionary funds. Instead of discretionary income because some guys start accumulation Bitcoin by saving from session fees received from their parents or by funds by doing part time jobs. Accumulation Bitcoin through this method should not be called discretionary income but you should call it discretionary funds.











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August 17, 2025, 10:56:30 AM
 #735

To invest, a person needs to find a source of stable income and from his stable income, he needs to extract discretionary income through proper financial management. Because investing with discretionary income is very good because the amount of money left after deducting all your expenses is discretionary income. If you invest with discretionary income, even if you lose, you will not be in too much financial trouble. Because you have invested with your remaining money
I largely agree to what you are saying, but what I did not agree to is some part of the highlighted statement, because to the best of my knowledge, Bitcoin investment is open to all. Your statement suggest that those people that don't have a stable income should not invest in Bitcoin, but on the contrary, anyone can invest in Bitcoin as long as he has a discretionary income from any income that comes into his hands. Take note that not everyone that has a stable income can figure out their discretionary income, so what am trying to say is that Bitcoin investment is open to all that can figure out their discretionary income from their source of income, it must not be stable as you are saying, but as long as he or she can figure out their discretionary income from what ever income that comes into his hands, he is good to go.

I totally agree with you, there are folks that has stable source of income but getting a reserve funds is difficult talk more of discretionary, some folks are so useless and careless and yes your kind or type of income doesn't stop you or anyone from Investing as far as they get a discretionary from that source of income and also emergency funds because this fund is very vital when it comes to investing and holding  for long. The only disadvantage of having an unstable source of income is that one won't be able to invest intermittently because sometimes this funds can waste time before it comes but a wise investor will device a means to make everything work perfect with the unstable income, it is all about the mind and target.

Absolutely , observing the right time or a steady income before starting often just leads to missed opportunities. the key is starting with what you have , no matter how small  DCA makes that to possible it is more about building the habit than the amount over time , those little consistent steps can lead to significant results. Bitcoin rewards patience and consistency
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August 17, 2025, 12:30:14 PM
 #736

I totally agree with you, there are folks that has stable source of income but getting a reserve funds is difficult talk more of discretionary, some folks are so useless and careless and yes your kind or type of income doesn't stop you or anyone from Investing as far as they get a discretionary from that source of income and also emergency funds because this fund is very vital when it comes to investing and holding  for long. The only disadvantage of having an unstable source of income is that one won't be able to invest intermittently because sometimes this funds can waste time before it comes but a wise investor will device a means to make everything work perfect with the unstable income, it is all about the mind and target.

Its not a compulsory immediately you start having a stable source of income you should start reserving funds and having a discretionary income. You should know that some folks just started having a stable source of income, he has a lot to fix up. For instance, he dont have an apartment, no home appliances and other things that could make him more productive. He has to fix those things first before thinking about starting an investment. There need to be some freedom and flexibility when you start your investment. Its not something you rush into just because you have a stable source of income. 

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Qhunman
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August 17, 2025, 01:58:19 PM
Merited by Rockson1 (3), igebotz (1)
 #737

I totally agree with you, there are folks that has stable source of income but getting a reserve funds is difficult talk more of discretionary, some folks are so useless and careless and yes your kind or type of income doesn't stop you or anyone from Investing as far as they get a discretionary from that source of income and also emergency funds because this fund is very vital when it comes to investing and holding  for long. The only disadvantage of having an unstable source of income is that one won't be able to invest intermittently because sometimes this funds can waste time before it comes but a wise investor will device a means to make everything work perfect with the unstable income, it is all about the mind and target.

Its not a compulsory immediately you start having a stable source of income you should start reserving funds and having a discretionary income. You should know that some folks just started having a stable source of income, he has a lot to fix up. For instance, he dont have an apartment, no home appliances and other things that could make him more productive. He has to fix those things first before thinking about starting an investment. There need to be some freedom and flexibility when you start your investment. Its not something you rush into just because you have a stable source of income.  
You're right it was beginning to look as if it is now compulsory for someone who just secure a stable income should starts investing in Bitcoin immediately,Although he might still venture into Bitcoin if he has an available discretional fund even without first having securing a source of income. I also think the mindset of tagging someone as useless and careless by some folks because he hasn't started investing in Bitcoin after securing a source of income is also wrong. In as much as investing in Bitcoin is very important towards achieving  financial independent/ freedom in the future but there are provoking words we shouldn't be using in discussing Bitcoin for the sake of newbies. I also agree that someone who just secure a stable source of income will have to sort out his personal necessities first then whatever extra cash is left can be used to buy Bitcoin

SuperBitMan
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August 17, 2025, 03:25:16 PM
 #738

I totally agree with you, there are folks that has stable source of income but getting a reserve funds is difficult talk more of discretionary, some folks are so useless and careless and yes your kind or type of income doesn't stop you or anyone from Investing as far as they get a discretionary from that source of income and also emergency funds because this fund is very vital when it comes to investing and holding  for long. The only disadvantage of having an unstable source of income is that one won't be able to invest intermittently because sometimes this funds can waste time before it comes but a wise investor will device a means to make everything work perfect with the unstable income, it is all about the mind and target.

Its not a compulsory immediately you start having a stable source of income you should start reserving funds and having a discretionary income. You should know that some folks just started having a stable source of income, he has a lot to fix up. For instance, he dont have an apartment, no home appliances and other things that could make him more productive. He has to fix those things first before thinking about starting an investment. There need to be some freedom and flexibility when you start your investment. Its not something you rush into just because you have a stable source of income.  
You're right it was beginning to look as if it is now compulsory for someone who just secure a stable income should starts investing in Bitcoin immediately,Although he might still venture into Bitcoin if he has an available discretional fund even without first having securing a source of income. I also think the mindset of tagging someone as useless and careless by some folks because he hasn't started investing in Bitcoin after securing a source of income is also wrong. In as much as investing in Bitcoin is very important towards achieving  financial independent/ freedom in the future but there are provoking words we shouldn't be using in discussing Bitcoin for the sake of newbies. I also agree that someone who just secure a stable source of income will have to sort out his personal necessities first then whatever extra cash is left can be used to buy Bitcoin

Bitcoin investment is not the only investment that is good in the world there are different kind of investment that anyone can venture into so when people are sounding like that it looks like bitcoin is now the only investment that is profitable in the world and this is misleading to newbies yes bitcoin is a very good investment but let's remember that going into Bitcoin is by choice and not by Force.
I would have started bitcoin investment for very long time and I would have made huge amount of money by now from Bitcoin but I refuse to invest in Bitcoin when I had the opportunity to and now i regret why I did not invest in it earlier, bitcoin is not the only investment there are other investment but Bitcoin investment is a very good investment because you can start it even with the little amount of money you have but other investment in order to make it big you must start big but in Bitcoin you can start small and make it big in future this is one of the reasons why bitcoin investment remain the best investment for me and I will never Force anybody to go into it if you wish to go into it I will gladly teach you and guide you but if you don't want I won't force you.
If you have a stable income don't wait you can start with just little amount since you still got the stable income newly then as time goes on you increase the amount especially after having a backup funds.

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Cipherpz
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August 17, 2025, 03:29:38 PM
 #739

It is important to stabilize your life first, then invest in the long term. If you do not have money to meet your daily needs such as rent, food, medical treatment or household necessities, then you will have to withdraw money repeatedly while investing. In this case, the capital will continue to decrease instead of increasing. You should not break the investment due to illness, job loss or emergency expenses. Investing without an emergency fund for essential needs is like building a building without a foundation before the roof. Setting aside money equal to at least 3-6 months of expenses is the first emergency need. High-interest loans, personal loans need to be repaid first.
When the basic needs are met, the emergency fund is secure. There is no high-interest debt or there is some extra money left over every month.
Over time, this habit creates a kind of positive investment power in you, which increases your confidence even more. So first of all, decide what percentage of your income can be kept for investment. Otherwise, no matter how much profit you make from the investment, interest will eat up part of the profit.
Anyone who can overcome the initial collection stage with patience and move forward using the right funds can become a successful Bitcoin investor in the long run.

Through this, investing becomes a kind of habit, which creates huge power in the long run.

Then, by doing DCA step by step regularly and investing consistently at the right time to start investing in Bitcoin or other assets, cash flow management can be learned.
You can start investing. The real power of investing is patience and stability. So first you have to make your life secure and balanced for investment. Then you can use that extra income to invest for the long term.
. The key to success in investing in Bitcoin is not additional knowledge, but the right mindset, consistency and the ability to hold it in the long term. Regular practice of buying Bitcoin means building your financial character. And this character must make you a successful investor in the long run.
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August 17, 2025, 06:33:50 PM
 #740

I totally agree with you, there are folks that has stable source of income but getting a reserve funds is difficult talk more of discretionary, some folks are so useless and careless and yes your kind or type of income doesn't stop you or anyone from Investing as far as they get a discretionary from that source of income and also emergency funds because this fund is very vital when it comes to investing and holding  for long. The only disadvantage of having an unstable source of income is that one won't be able to invest intermittently because sometimes this funds can waste time before it comes but a wise investor will device a means to make everything work perfect with the unstable income, it is all about the mind and target.
Its not a compulsory immediately you start having a stable source of income you should start reserving funds and having a discretionary income. You should know that some folks just started having a stable source of income, he has a lot to fix up. For instance, he dont have an apartment, no home appliances and other things that could make him more productive. He has to fix those things first before thinking about starting an investment. There need to be some freedom and flexibility when you start your investment. Its not something you rush into just because you have a stable source of income.  
You're right it was beginning to look as if it is now compulsory for someone who just secure a stable income should starts investing in Bitcoin immediately,Although he might still venture into Bitcoin if he has an available discretional fund even without first having securing a source of income. I also think the mindset of tagging someone as useless and careless by some folks because he hasn't started investing in Bitcoin after securing a source of income is also wrong. In as much as investing in Bitcoin is very important towards achieving  financial independent/ freedom in the future but there are provoking words we shouldn't be using in discussing Bitcoin for the sake of newbies. I also agree that someone who just secure a stable source of income will have to sort out his personal necessities first then whatever extra cash is left can be used to buy Bitcoin
Don't rush into investing in Bitcoin and don't think that you have to start investing immediately just because you have a stable income. Think, observe and act through judgment and analysis, I may not interfere with your investments, but you should still try to invest according to some plan. A common person seeks stable income to meet all their needs but sometimes people see the process of investing in Bitcoin and it seems that investing in Bitcoin is the best of all, yes that's right, because it currently appears that a Brazilian is collecting cans and selling them, mainly to invest in Bitcoin. This Brazilian man's mentality is very high-level. This person collected them through physical labor and he is selling them and using the money he earns only to buy Bitcoin. He is really dreaming about investing in Bitcoin and has been collecting and selling those cans for two years to buy Bitcoin.


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