I have read some interesting stories of few members on this forum that did all they could to buy their first set of BTC years ago and also how they made it through the journey, but one thing that I found missing from those stories is a secured job..
Newbies or Beginners, who are aiming to start buying Bitcoin for future sakes, I want you to take this advice very seriously, do not start your Bitcoin investment living under a roof that still feeds you, it could work but it will make things to be more difficult for you.
When you don't have anything else to fall back on, after asking your brothers or sisters in the family to give you some money for investment, what will you do when you get the Bitcoin? You need to live, you will have desires to buy things, and you will panic if the market move downside even more..
All this will happen because you have no job secured, as a beginner, before investing in Bitcoin, make sure you have a job or source of income, it will make the journey of accumulation to be easier and less bothered about the market behavior.
Pocket money, or the money that someone gives you will only bring you unrest mind if you plan to invest with such money, it's the type of money you are not ready to lose, because it's all you have, because you have no other money coming from else where.
You don't need Bitcoin first, What you need is a JOB, work on that first.
No investment advice is universally valid. It depends first of all on the temperament of each: some spend everything, others save or do DCA. In the same country some will have money problems with a salary of 5000 euros when others will do wonders with 1000 euros. The best financial advisers had advised Madoff investments and we know the rest. Conversely,
Erik Finman had invested his pocket money in bitcoin and became a millionaire at the age of 19.
We must do what is most for ourselves, listen to conflicting advice and do what seems best to us. We can be wrong, that's life. But you, OP, don't have the science either and your advice is only valid for yourself.
https://www.investopedia.com/news/who-erik-finman-bitcoin-millionaire-teenager/Thanks for your advice and opinion, mine was based on past experience, and yes what happened with Erik Finman is true, I have never said that it's wrong to invest your pocket money, my point still stands and that is making things way easier for yourself, and job can make them a dream come true.
Reading many comments on here shows that I am not just talking for myself, many people have passed through a lot when they are first introduced to Bitcoin, if job was part of them back then the journey would have been easier.
Finman held his Bitcoin he purchased with his pocket money for years, that's why he became a successful young man, Bitcoin was also very cheaper then, without a source of income today, and as a bitcoin beginner it will be extremely hard, since bitcoin is not even 100$ per coin again, it's 30,000$ today, what can pocket money do today? Unless your every pocket money goes into Bitcoin every month.
Also the panic of market sentimental will attack you, why? It's pocket money, it's never a money intended to lose, panic will follow.
The end goal is an easier investment plan, it's harder without a job, never said it's impossible.