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Topic: Weekly income should keep bitcoin investment! (Read 891 times)

sr. member
Activity: 308
Merit: 256
December 05, 2024, 10:50:46 AM
#96
We have seen various Bitcoin market systems in the past which despite being very volatile, Bitcoin continues to move forward with its momentum. Despite the various ups and downs of the market system, Bitcoin continues to walk the cryptocurrency world in an unforgettable way day after day. Those who have invested in Bitcoin in the past are likely to get good returns as the global economy is expected to be good in 2025.

Yes you can make good profit, but if you have a portion of income per week like $40 per week you can invest $10 in bitcoins. This will reduce your financial risk which is much more bearable than months.

It doesn't necessary matter when and how much of Bitcoin one is buying, either weekly or monthly what is must important is that you are buying Bitcoin based on and within your financial discretion, there are those that receive money on monthly basis and of course they may  find much of the comfortable buying Bitcoin at the end of the month and this doesn't make them less in their Bitcoin accumulation journey especially if they can become consistent, understanding your income flow and the best way it can be maximize by good funds allocations on your living expenses, investments and a provisional emergency funds which is also very important.
full member
Activity: 126
Merit: 93
[...]
In essence I think what he's saying about investing with the amount any one can let go is because of the price movement of Bitcoin, it is not advisable for anyone to use all their life savings to invest in Bitcoin this does not mean that Bitcoin will disappoint you no this is important because the price may not be what you expect to see and to avoid panic and fear people are advised to invest with spare money and also don't depend solely on Bitcoin investment so that they will not regret when the price doesn't go up as expected.

The price of Bitcoin may have increased with time and since the declaration of Trump as the winner of US election there has been a massive increase in the price of Bitcoin thereby seeing Bitcoin move down 65k to 90k, the price is expected to hit 100k before the end of December but this is just the price prediction it may increase or go down with time.

You're right, we're still on the same point here. The point is, invest in an amount you can afford to lose, no matter what it is. Not to belittle bitcoin for being skeptical, but simply to control your real-world finances to have a more organized life. Moreover, Bitcoin itself has proven for decades that it is the best instrument in supporting financial freedom and avoiding inflation that occurs in FIAT.

I think at this point I will try not to use the word " invest an amount you can afford to lose" because I see nothing like loss in Bitcoin because the price can either go up or down, choosing to keep using the word invest with spare money is what I think is more important to me right now. So happy to have made this prediction of Bitcoin hitting before the end of December and today I have witnessed 103k as the current price as at when this post was written, I hope people sees more reason to keep believing that Bitcoin is the surest way to finance freedom cause I will always believe.
Due to the volatility of Bitcoin price its dumping or pumping can be very fast and investors should keep their tongues wet in buying regularly in any price trend. It is great that it will cross $100k so quickly it has created more expectations among every investor and I am hopeful that we will continue to get new ATHs in the coming days. In my opinion, during this time of pumping, it is better to keep accumulating Bitcoin in DCA strategy than investing in lump sums so that in the long term a % of the income is added every week or month and the holding increases over time. Yes an investor should try to continue accumulating Bitcoin through discretionary income so that there is no regret during dumping and at that time try to increase the Bitcoin holding through single buying.
hero member
Activity: 1008
Merit: 622
Watch&Pray.
[...]
In essence I think what he's saying about investing with the amount any one can let go is because of the price movement of Bitcoin, it is not advisable for anyone to use all their life savings to invest in Bitcoin this does not mean that Bitcoin will disappoint you no this is important because the price may not be what you expect to see and to avoid panic and fear people are advised to invest with spare money and also don't depend solely on Bitcoin investment so that they will not regret when the price doesn't go up as expected.

The price of Bitcoin may have increased with time and since the declaration of Trump as the winner of US election there has been a massive increase in the price of Bitcoin thereby seeing Bitcoin move down 65k to 90k, the price is expected to hit 100k before the end of December but this is just the price prediction it may increase or go down with time.

You're right, we're still on the same point here. The point is, invest in an amount you can afford to lose, no matter what it is. Not to belittle bitcoin for being skeptical, but simply to control your real-world finances to have a more organized life. Moreover, Bitcoin itself has proven for decades that it is the best instrument in supporting financial freedom and avoiding inflation that occurs in FIAT.

I think at this point I will try not to use the word " invest an amount you can afford to lose" because I see nothing like loss in Bitcoin because the price can either go up or down, choosing to keep using the word invest with spare money is what I think is more important to me right now. So happy to have made this prediction of Bitcoin hitting before the end of December and today I have witnessed 103k as the current price as at when this post was written, I hope people sees more reason to keep believing that Bitcoin is the surest way to finance freedom cause I will always believe.
full member
Activity: 208
Merit: 125
We have seen various Bitcoin market systems in the past which despite being very volatile, Bitcoin continues to move forward with its momentum. Despite the various ups and downs of the market system, Bitcoin continues to walk the cryptocurrency world in an unforgettable way day after day. Those who have invested in Bitcoin in the past are likely to get good returns as the global economy is expected to be good in 2025.

Yes you can make good profit, but if you have a portion of income per week like $40 per week you can invest $10 in bitcoins. This will reduce your financial risk which is much more bearable than months.


Of course Bitcoin is a very volatile asset and has a great potential which it has been proven. The ups and downs are the features I mean they are things that define Bitcoin anyone who invested in Bitcoin some years ago will of course have return but the return will or is dependent of figure of Bitcoin they hold for these past years. I am sure there are people who didn't invest much even when they have money and opportunity but because they don't believe in Bitcoin back then. Lastly, using $10 out of $40 to invest every week is not a bad idea or thing per say that is if you are comfortable with it and if it is convenient for you although you are going to end up accumulating a very little of Bitcoin at the end of the month ($40) worth of Bitcoin.
hero member
Activity: 1652
Merit: 723
Enjoy 500% bonus + 70 FS
We have seen various Bitcoin market systems in the past which despite being very volatile, Bitcoin continues to move forward with its momentum. Despite the various ups and downs of the market system, Bitcoin continues to walk the cryptocurrency world in an unforgettable way day after day. Those who have invested in Bitcoin in the past are likely to get good returns as the global economy is expected to be good in 2025.

Yes you can make good profit, but if you have a portion of income per week like $40 per week you can invest $10 in bitcoins. This will reduce your financial risk which is much more bearable than months.
people who have a better chance to invest in Bitcoin these people who is in this community earning bitcoin through signature campaigns, but you will see many of them they are not investing in Bitcoin why there are receiving payment through Bitcoin in bitcoin talk so most people who invest in Bitcoin mostly is people who have the passion and they use their service or hard earn money to invest in Bitcoin because they know exactly what is going to be there benefit when bitcoin increases according to their expectation in Bitcoin so that is why you will see many people who is receiving bitcoin free in bitcoin talk but they don't have a Bitcoin in their wallet as investment
legendary
Activity: 1890
Merit: 1537
The most important aspect of succeeding in your DCA method is to have a steady source of income, meaning that the method is not for jobless people. Then you have to consider your basic responsibilities whether your profit or salary can cater for it before considering DCA method to accumulate Bitcoin. If your income can not take care of your primary needs like food, rent and recurring expenses like light bills and transportation to work, then DCA method is not for you yet. If you can meet these primary needs, have a little something aside for emergency funds, then DCA can work for you. Determining how much you will use for accumulating Bitcoin either weekly or monthly depends on what remains after these basic expenses are taken care of.
Without a job or a steady source of income, investing in Bitcoin will be futile. There are no quick profits here; it requires patience and waiting. If people succeed in applying the appropriate strategy that adapts to their life requirements and needs and save part of their money in Bitcoin regularly while taking advantage of price dips,, it can be highly rewarding as the price of Bitcoin appreciates in the future.. This strategy will be effective with the accumulation of Bitcoin purchases and without looking at withdrawing and selling it before achieving the desired return goal and without selling at a loss.

Therefore, those who plan to follow this approach must accept that the funds they have placed in Bitcoin are completely dispensable and will not be needed over time as they need to focus on Capital Management, consider risk, and avoid greed. Bitcoin has exceeded the market value of silver, Aramco and Meta and received tremendous support and interest after Trump's victory, and achieved a New ATH of $93K. We must know that it is a promising investment full of profiits for those who know how to deal with it.
sr. member
Activity: 1022
Merit: 368
We have seen various Bitcoin market systems in the past which despite being very volatile, Bitcoin continues to move forward with its momentum. Despite the various ups and downs of the market system, Bitcoin continues to walk the cryptocurrency world in an unforgettable way day after day. Those who have invested in Bitcoin in the past are likely to get good returns as the global economy is expected to be good in 2025.

Yes you can make good profit, but if you have a portion of income per week like $40 per week you can invest $10 in bitcoins. This will reduce your financial risk which is much more bearable than months.
Yes investing a bunch of $10 per week will not be a bad idea because you are gradually investing on Bitcoin with DCA strategy. However, all this can be done if one is a working class type or have a profitable business that he or she does that can earn him or her money weekly. Actually, in most places, it's hard to see a job that can pay you per week or per hour. Most of the workers are being paid monthly and some of the salaries can not maintain $10×4 in a month when invested on Bitcoin.

$10 worth of investment weekly for someone that is doing a DCA method is not bad so long as you maintain the consistency you are sure of have a total of $480 in a year. Yes the DCA method and every other method requires consistency and this means you should get a job or business that will keep your weekly investment going it must not be a weekly pay job or a daily pay job but if it's a job that you are giving an allowance as you are working you can achieve your goals and you will have a good investment plan.
sr. member
Activity: 1288
Merit: 231
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You're right, we're still on the same point here. The point is, invest in an amount you can afford to lose, no matter what it is. Not to belittle bitcoin for being skeptical, but simply to control your real-world finances to have a more organized life. Moreover, Bitcoin itself has proven for decades that it is the best instrument in supporting financial freedom and avoiding inflation that occurs in FIAT.
Investing an amount you can afford to lose is the right advice to give, but at the same time, I don't think there is any amount anyone is willing to lose that will not affect them.
 
That being said, if one can protect their holdings very well, I will say they should invest what they can stay without for a long period of time and not just what they can afford to lose. As you have highlighted in your last line of comment, holding fiat is risky of being affected by inflation.
sr. member
Activity: 714
Merit: 347
Think twice about it. Is 25% of your weekly income an amount you can afford to lose? If you proceed with this plan and an emergency suddenly arises, would you not be forced to liquidate your Bitcoin profitable or otherwise? Is your job even stable? If you lose it, will you be able to survive for several months looking for a new one while keeping your portfolio intact?

I hope you've carefully weighed the possibilities before you decided on this. There are some who are too hot, too eager to jump into the bandwagon only to end up frustrated after waiting for months or years to make a good profit. They're mostly the ones who will sell at a loss.

Well said, Before someone decides to invest in Bitcoin you have to be sure of what you are about to do, Bitcoin is a very good investment that brings profit but we can't jump into it because of profit alone, you need to understand what is Bitcoin is about and you need to know you can do to survive even when you invest in Bitcoin, earning $40 a week doesn't mean that you are capable of investing in Bitcoin, the first thing you suppose to look about your weekly earning is that are you satisfied with the amount you earn?

Some people earn more than $40 a week but they are not capable of investing in Bitcoin and it is because of how things look these days, the economy is hard and things are so expensive that you can't afford them before you think of investing in Bitcoin make sure your life is a balance or you should try to invest with the amount that you can afford, buy Bitcoin with any amount that even when you buy it you will not feel of selling it when you have a problem.
sr. member
Activity: 1022
Merit: 363
[...]
In essence I think what he's saying about investing with the amount any one can let go is because of the price movement of Bitcoin, it is not advisable for anyone to use all their life savings to invest in Bitcoin this does not mean that Bitcoin will disappoint you no this is important because the price may not be what you expect to see and to avoid panic and fear people are advised to invest with spare money and also don't depend solely on Bitcoin investment so that they will not regret when the price doesn't go up as expected.

The price of Bitcoin may have increased with time and since the declaration of Trump as the winner of US election there has been a massive increase in the price of Bitcoin thereby seeing Bitcoin move down 65k to 90k, the price is expected to hit 100k before the end of December but this is just the price prediction it may increase or go down with time.

You're right, we're still on the same point here. The point is, invest in an amount you can afford to lose, no matter what it is. Not to belittle bitcoin for being skeptical, but simply to control your real-world finances to have a more organized life. Moreover, Bitcoin itself has proven for decades that it is the best instrument in supporting financial freedom and avoiding inflation that occurs in FIAT.

This is first rule to follow for people want to invest since if they put high hopes and spend everything they have then they are one step to get broke if everything falls apart.

Investment posses risk so we should never have this gambler mindset where we put everything hoping to gain huge in return. Even if bitcoin is a good deal still we need to take precaution taking investment decision with this coin since price is so volatile and it takes good knowledge to understand on how it moves also what's best investment strategy we could able to use to increase our chance to earn with bitcoin.
sr. member
Activity: 588
Merit: 338
We have seen various Bitcoin market systems in the past which despite being very volatile, Bitcoin continues to move forward with its momentum. Despite the various ups and downs of the market system, Bitcoin continues to walk the cryptocurrency world in an unforgettable way day after day. Those who have invested in Bitcoin in the past are likely to get good returns as the global economy is expected to be good in 2025.

Yes you can make good profit, but if you have a portion of income per week like $40 per week you can invest $10 in bitcoins. This will reduce your financial risk which is much more bearable than months.
Yes investing a bunch of $10 per week will not be a bad idea because you are gradually investing on Bitcoin with DCA strategy. However, all this can be done if one is a working class type or have a profitable business that he or she does that can earn him or her money weekly. Actually, in most places, it's hard to see a job that can pay you per week or per hour. Most of the workers are being paid monthly and some of the salaries can not maintain $10×4 in a month when invested on Bitcoin.
The most important aspect of succeeding in your DCA method is to have a steady source of income, meaning that the method is not for jobless people. Then you have to consider your basic responsibilities whether your profit or salary can cater for it before considering DCA method to accumulate Bitcoin. If your income can not take care of your primary needs like food, rent and recurring expenses like light bills and transportation to work, then DCA method is not for you yet. If you can meet these primary needs, have a little something aside for emergency funds, then DCA can work for you. Determining how much you will use for accumulating Bitcoin either weekly or monthly depends on what remains after these basic expenses are taken care of.
sr. member
Activity: 322
Merit: 258
An Sr. Member who wants to become a ₿ maxi
[...]
In essence I think what he's saying about investing with the amount any one can let go is because of the price movement of Bitcoin, it is not advisable for anyone to use all their life savings to invest in Bitcoin this does not mean that Bitcoin will disappoint you no this is important because the price may not be what you expect to see and to avoid panic and fear people are advised to invest with spare money and also don't depend solely on Bitcoin investment so that they will not regret when the price doesn't go up as expected.

The price of Bitcoin may have increased with time and since the declaration of Trump as the winner of US election there has been a massive increase in the price of Bitcoin thereby seeing Bitcoin move down 65k to 90k, the price is expected to hit 100k before the end of December but this is just the price prediction it may increase or go down with time.

You're right, we're still on the same point here. The point is, invest in an amount you can afford to lose, no matter what it is. Not to belittle bitcoin for being skeptical, but simply to control your real-world finances to have a more organized life. Moreover, Bitcoin itself has proven for decades that it is the best instrument in supporting financial freedom and avoiding inflation that occurs in FIAT.
sr. member
Activity: 476
Merit: 337
We have seen various Bitcoin market systems in the past which despite being very volatile, Bitcoin continues to move forward with its momentum. Despite the various ups and downs of the market system, Bitcoin continues to walk the cryptocurrency world in an unforgettable way day after day. Those who have invested in Bitcoin in the past are likely to get good returns as the global economy is expected to be good in 2025.

Yes you can make good profit, but if you have a portion of income per week like $40 per week you can invest $10 in bitcoins. This will reduce your financial risk which is much more bearable than months.
Yes investing a bunch of $10 per week will not be a bad idea because you are gradually investing on Bitcoin with DCA strategy. However, all this can be done if one is a working class type or have a profitable business that he or she does that can earn him or her money weekly. Actually, in most places, it's hard to see a job that can pay you per week or per hour. Most of the workers are being paid monthly and some of the salaries can not maintain $10×4 in a month when invested on Bitcoin.
hero member
Activity: 1008
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Watch&Pray.
[...]
[...] but what I'm saying in essence is that always use what you can afford to let go and while investing ensure to keep your reserve and emergency fund which is very necessary because it will help you scale through some unforseen circumstances and lastly discipline, patient and consistency is the key to a successful...

What you are saying is money management, of course money management is needed in any investment, not specifically for crypto. Allocating even 80% of your weekly/monthly income to bitcoin investment will not be a problem if you can live with the remaining 20%. Look at the price of bitcoin now, it is up than a few days ago. Proving that investing in bitcoin is definitely profitable (especially in the long term).

In essence I think what he's saying about investing with the amount any one can let go is because of the price movement of Bitcoin, it is not advisable for anyone to use all their life savings to invest in Bitcoin this does not mean that Bitcoin will disappoint you no this is important because the price may not be what you expect to see and to avoid panic and fear people are advised to invest with spare money and also don't depend solely on Bitcoin investment so that they will not regret when the price doesn't go up as expected.

The price of Bitcoin may have increased with time and since the declaration of Trump as the winner of US election there has been a massive increase in the price of Bitcoin thereby seeing Bitcoin move down 65k to 90k, the price is expected to hit 100k before the end of December but this is just the price prediction it may increase or go down with time.
sr. member
Activity: 322
Merit: 258
An Sr. Member who wants to become a ₿ maxi
[...]
[...] but what I'm saying in essence is that always use what you can afford to let go and while investing ensure to keep your reserve and emergency fund which is very necessary because it will help you scale through some unforseen circumstances and lastly discipline, patient and consistency is the key to a successful...

What you are saying is money management, of course money management is needed in any investment, not specifically for crypto. Allocating even 80% of your weekly/monthly income to bitcoin investment will not be a problem if you can live with the remaining 20%. Look at the price of bitcoin now, it is up than a few days ago. Proving that investing in bitcoin is definitely profitable (especially in the long term).
hero member
Activity: 2520
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We have seen various Bitcoin market systems in the past which despite being very volatile, Bitcoin continues to move forward with its momentum. Despite the various ups and downs of the market system, Bitcoin continues to walk the cryptocurrency world in an unforgettable way day after day. Those who have invested in Bitcoin in the past are likely to get good returns as the global economy is expected to be good in 2025.

Yes you can make good profit, but if you have a portion of income per week like $40 per week you can invest $10 in bitcoins. This will reduce your financial risk which is much more bearable than months.
Well, I wished I had some extra cash to buy enough stash of BTC before we got into the bull. currently, we can see how the market is just riding without even a significant retracement.. investing in BTC has been the best decision I have made in years now, it's actually nice to be among those whom can at least call them selfs a Bitcoiner and during the period of bulls also be happy that Im one.. I'll advice anyone who still wish to buy Bitcoin to try and buy in a lower level.. with the way price is moving we can't tell when it will sell back to any lower levels.. if you want to buy, you can use DCA or wait for a dip, which is more advicible now...

Truly understand what you feel now since its really good to acquire more bitcoin knowing that great days comes ahead with bitcoin especially that this has been brought up in the mainstream, also as we know that Trump is in good relation with this coin.

This current pump is little snapshot on what's going to happen in future and I'm excited to take part of those bitcoiner then frequently buy when there's available funds to spend for my investment.

But if there's a dump will happen then automatically it will be a nice opportunity to buy again since this is what we supposed to do especially if we aim to engage for long term on bitcoin.
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We have seen various Bitcoin market systems in the past which despite being very volatile, Bitcoin continues to move forward with its momentum. Despite the various ups and downs of the market system, Bitcoin continues to walk the cryptocurrency world in an unforgettable way day after day. Those who have invested in Bitcoin in the past are likely to get good returns as the global economy is expected to be good in 2025.

Yes you can make good profit, but if you have a portion of income per week like $40 per week you can invest $10 in bitcoins. This will reduce your financial risk which is much more bearable than months.

There's no doubt that bitcoin has stood the test of time in the market, even if bitcoin goes through a long bear, it will rise again sometime & even make new ATH from time to time. Allocating part of your weekly or monthly income will be a good plan to create a good financial portfolio in the future, from your post i found the value of 25% of income to be invested in bitcoin. You know, i even allocate more than half of my weekly or monthly income only for bitcoin. Because i believe bitcoin can help me in the future.


In as much as we believe or know that Bitcoin is a promising coin or asset we should also be careful and mindful of the percentage we ought to use in investing so that we don't panic later or say bad about Bitcoin. Allocating more than half of your weekly or monthly income for Bitcoin investment is not actually encouraging or advisable neither is bad but what I'm saying in essence is that always use what you can afford to let go and while investing ensure to keep your reserve and emergency fund which is very necessary because it will help you scale through some unforseen circumstances and lastly discipline, patient and consistency is the key to a successful...
sr. member
Activity: 728
Merit: 271
Yes you can make good profit, but if you have a portion of income per week like $40 per week you can invest $10 in bitcoins. This will reduce your financial risk which is much more bearable than months.
Taking off  $10 from weekly $40 pay would have been o be determined by your risk management level. I would rather prefer to invest with $5 and make room for an emergency funds savings with $5, it still leaves me with $30 either way but in this case there's a hedge as emergency funds which would help make the investor not to prematurely tamper with his portfolio in the long run should there be circumstances that is beyond the solution of $30. 

Provided it's DCAing method of accumulation, the investor doesn't necessarily have to deduct a large percentage sum from his income. What's important isn't in the amount deducted for the weekly or monthly DCAing, but let it be something within our risk gage which we can tolerate.

sr. member
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We have seen various Bitcoin market systems in the past which despite being very volatile, Bitcoin continues to move forward with its momentum. Despite the various ups and downs of the market system, Bitcoin continues to walk the cryptocurrency world in an unforgettable way day after day. Those who have invested in Bitcoin in the past are likely to get good returns as the global economy is expected to be good in 2025.

Yes you can make good profit, but if you have a portion of income per week like $40 per week you can invest $10 in bitcoins. This will reduce your financial risk which is much more bearable than months.
Well, I wished I had some extra cash to buy enough stash of BTC before we got into the bull. currently, we can see how the market is just riding without even a significant retracement.. investing in BTC has been the best decision I have made in years now, it's actually nice to be among those whom can at least call them selfs a Bitcoiner and during the period of bulls also be happy that Im one.. I'll advice anyone who still wish to buy Bitcoin to try and buy in a lower level.. with the way price is moving we can't tell when it will sell back to any lower levels.. if you want to buy, you can use DCA or wait for a dip, which is more advicible now...
member
Activity: 132
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We have seen various Bitcoin market systems in the past which despite being very volatile, Bitcoin continues to move forward with its momentum. Despite the various ups and downs of the market system, Bitcoin continues to walk the cryptocurrency world in an unforgettable way day after day. Those who have invested in Bitcoin in the past are likely to get good returns as the global economy is expected to be good in 2025.

Yes you can make good profit, but if you have a portion of income per week like $40 per week you can invest $10 in bitcoins. This will reduce your financial risk which is much more bearable than months.
I also agree with you.Everyone who has invested in Bitcoin has got very good returns in the long term investment field. The price is likely to increase further in the future. Currently, Bitcoin has a huge presence in the cryptocurrency market. It would be wise not to stop investing but to invest some portion of the income even if it is very small as the investment will grow gradually and it will also reduce the financial risk.

Investors who are following the DCA method tend to deposit Bitcoins regardless of price and should continue depositing uninterrupted regardless of price pumping or dumping. By this method an investor is given a portion of income called discretionary income making him interested in continuing to save continuously. By depositing Bitcoins with DCA method you can reduce investment risk and Bitcoins grow slowly.
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