Weekly income should keep bitcoin investment! - page 2.

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Quote from: asarfiar on October 25, 2024, 01:35:42 AM

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.

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Quote from: cryptoaddictchie on October 25, 2024, 02:57:55 AM

Quote from: asarfiar on October 25, 2024, 01:35:42 AM

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 as long that $10 is not a burden on your part then go.

I think the transaction fees for buying bitcoin for $10 will be a burden. $1-2 fees will be 10-20% of your investment. Wouldn't that be a waste? It would be better to first save up to $50-100 and then invest.

You can, of course, use exchangers like bnance and in general, storing such insignificant amounts on them is also acceptable. But the withdrawal fees are still not comforting (in relation to the $10 investment).

Quote from: cryptoaddictchie on October 25, 2024, 02:57:55 AM

The thinf about investment mindset is, only put money you dont need for your every day used.

In addition to money for investments, it is necessary to have money/sources of money for everyday needs, as well as a reserve for emergency situations.

Quote from: cryptoaddictchie on October 25, 2024, 02:57:55 AM

Cause theres a chance that your dca or weekly buying could on downside, market never promise gain when you do this so you should also consider the chance of losing your money not just the good part of profit.

Not necessarily a loss of money, but even a temporary "freeze" in cryptocurrencies, which at current prices will be unprofitable to "extract" from investments. That's why it's better to hold on to the last 10 bucks for a burger, instead of buying bitcoin.

Any investment should only be made with excess money (be it $10 or $100).

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Quote from: CryptopreneurBrainboss on November 03, 2024, 06:07:54 PM

Quote from: pawanjain on November 03, 2024, 01:12:43 PM

I don't want to discourage anyone but I really don't think that investing $10 a week will reduce our financial risk.
If that was just for an example then it might sound okay but otherwise I would recommend investing at least few hundred dollars every week to have a decent stack of bitcoins to contribute towards our financial freedom along with other assets.

What about people that don't have that quantity of spare money to keep aside for investing, are you trying to say they don't deserve to invest in Bitcoin. What I think is, no amount of money is small and we should be investing base on our risk tolerance.

You can always save up that money and invest when you have a better quantity of dollars or any currency that you're using to invest without having to lose all your money to fees (network and exchange service fees).

No doubt $10 is small but for someone that earns less than $100 weekly, that's a big sacrifice that you're doing and one day it's going to be worth it. $10 multiply by 4 weeks that's $40, that's big in some currency like mine.

Assuming you can stay consistent for some months, in 10 months, that's $400 that you have invested and with that you can get a better profits when Bitcoin increases.

Even you know that I am not saying that the low earners don't deserve to invest in bitcoin but what I meant is that investing low amounts will return low profits.
Basically what I am saying is that we won't be able to achieve financial freedom with such amounts.
This is mostly for people who do have spare money but are reluctant to invest in bitcoin.
For low earners, I would advice them to invest whatever they can, as you say no amount of money is small and I believe that something is better than nothing.

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Quote from: Nothingtodo on November 03, 2024, 06:21:51 PM

If one does not need to support the family i.e. there is some other source to support the family then of course he can invest a certain part of his weekly or monthly salary in Bitcoin. However, before investing, there are several investment precautions that must be known, otherwise the investor may be disappointed if the market declines after investing.

Investment must be done carefully and strategically, that means investment capital must be separated from your individual and family financial source for regular spending and emergencies.

If you can have such capital, you can think of investment because you will have stronger hands of holding your investment position for a long time. With Bitcoin, it means a lot, if you can hold, you can be rich with bitcoin in your portfolio.

If you invest with unstable capital that needs to spend daily, regularly like monthly for utility bills, and for emergencies, you will always live in fear that some day there will be urgent need and you will have to sell your bitcoin at loss.

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If one does not need to support the family i.e. there is some other source to support the family then of course he can invest a certain part of his weekly or monthly salary in Bitcoin. However, before investing, there are several investment precautions that must be known, otherwise the investor may be disappointed if the market declines after investing.

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Quote from: pawanjain on November 03, 2024, 01:12:43 PM

I don't want to discourage anyone but I really don't think that investing $10 a week will reduce our financial risk.
If that was just for an example then it might sound okay but otherwise I would recommend investing at least few hundred dollars every week to have a decent stack of bitcoins to contribute towards our financial freedom along with other assets.

What about people that don't have that quantity of spare money to keep aside for investing, are you trying to say they don't deserve to invest in Bitcoin. What I think is, no amount of money is small and we should be investing base on our risk tolerance.

You can always save up that money and invest when you have a better quantity of dollars or any currency that you're using to invest without having to lose all your money to fees (network and exchange service fees).

No doubt $10 is small but for someone that earns less than $100 weekly, that's a big sacrifice that you're doing and one day it's going to be worth it. $10 multiply by 4 weeks that's $40, that's big in some currency like mine.

Assuming you can stay consistent for some months, in 10 months, that's $400 that you have invested and with that you can get a better profits when Bitcoin increases.

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Quote from: asarfiar on October 25, 2024, 04:07:06 AM

Quote from: Pandorak on October 25, 2024, 01:45:43 AM

Quote from: asarfiar on October 25, 2024, 01:35:42 AM

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.

You said well, but I think if you live in a village, or where financial luxury dares you to invest more than half of your income. Suppose you live with your family in a splendid environment, the basic needs of the family are food, clothing, housing, medical and education, in that case maybe 25% investment in Bitcoin is fine, I think.

It's much fine since the financial burden of the family is not placed on that individual. If it does, their weekly budget for feeding will be affected, making them run out of bills on time because they are investing more than what will hold them for the week, in running their feeding and emergency bills.

Investing in Bitcoin is what an individual should highly think of ways to go about it. Not because they were told it would give them a long-term profit, they now choose to invest more than the amount they would use to sustain themselves for the week, choosing to have unsettled bills every week, which is very bad.

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Quote from: asarfiar on October 25, 2024, 01:35:42 AM

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.

More bearable than monthly investment only when a person receives their income weekly, monthly income requires a monthly plan so it actually depends on an investor choice. I usually measure investing using percentage because it’s more easy and comfortable for investors, $10 every week times a month is approximately $40 and it’s pretty nice because investing need a comfortable environment. For anyone who can go beyond should invest beyond $10 because just $10 can’t keep a good record but as time goes meanwhile $40 income per week is still low especially when involving much plans. Financial risk should be considered as the major factor when investing not just bitcoin investment but generally, a good management plan can help in terms of risk management.

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Quote from: asarfiar on October 25, 2024, 01:35:42 AM

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.

This is sounding like DCA on Bitcoin which has always been the ideal way of investing especially for those who are earning weekly, talk about the world economy getting better by a certain time like you have mentioned by 2025, is something we cannot be sure about because we can't tell currently what the economy may look like by then and the possible circumstances that may arise then.

For every $10 DCA done every week till the end of the year, if followed judiciously to the complete 52 weeks, that will be a whooping $520 which could be of help to the investor with which they can do something else with.

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Quote from: asarfiar on October 25, 2024, 01:35:42 AM

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 don't want to discourage anyone but I really don't think that investing $10 a week will reduce our financial risk.
If that was just for an example then it might sound okay but otherwise I would recommend investing at least few hundred dollars every week to have a decent stack of bitcoins to contribute towards our financial freedom along with other assets.

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Quote from: asarfiar on October 25, 2024, 01:35:42 AM

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's good to invest but don't put your health at risk because you're investing for the future. If the "present" isn't well taken care of, who will look after the future? I said health in the sense that what will be set aside for weekly paycheck is likely not going to be enough. I don't know your nationality but I can tell you that $30 weekly won't do much for anyone in today's reality.

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Quote from: SOKO-DEKE on October 26, 2024, 11:00:57 AM

It would be helpful if someone has a fixed amount of money they can invest in Bitcoin on a weekly or monthly basis, depending on when they get paid.

Having a fixed amount of money is not a bad idea, but I am not always completely in support of ideas like that. Investing on a weekly or monthly basis is really good, but we are not supposed to fix a particular amount in which we will be investing, we are not supposed to suffer ourselves just because we want to make an investment, we should invest at our convenience, and we should have a fixed amount of money which we will be investing, if we know it’s not going to be easy for us.

We might be having problems in some months, and after solving those problems, we will be left with just a little amount of money. Sometimes we are not even supposed to invest in months like that, or we are supposed to invest just a little amount of money, but we shouldn’t force ourselves to invest a particular amount monthly or weekly.

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Quote from: asarfiar on October 25, 2024, 01:35:42 AM

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.

Honestly investment in Bitcoin should done strictly based on your income flow and how much of the disposal discretional income which is also referred to as cash left over after ensuring that whatever that is considered to be a basic needs are taken care of, my point is that different individuals can have different income flow and also that of the disposal income hence, one should invest in a way that will suits them based on the income flow and the disposal readily available for investment, it doesn't matter it is monthly or weekly the most important thing is that you are investing at your comfort.

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Quote from: Samlucky O on October 29, 2024, 11:42:41 PM

Quote from: asarfiar on October 25, 2024, 01:35:42 AM

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.

Having a portion of $40 per week and investing $10 worth of bitcoin will not reduce financial risk but rather adding more risk expecially when we have an epileptic financial system. bitcoin is a risky investment, so we must figure out a way of solving the problem of financial epilepsy sothat we can be able to be financially stable and invest the amount we don't need any moment on bitcoin, than using the amount you need urgently to build a good financial balance to invest in bitcoin and hoping that you are free from financial risk why you have already risked your finances in the cost of negligence. Why we invest in bitcoin is to HODl for a long time before we can make profit in the future not a quick money recovery system.

That means, we can invests $40 per month so that will be good for him to have Bitcoin investment. The thing is that we know how much we can allocates our money to invest in Bitcoin. We don't have to use more money if that will not works good for us because we must remember that we have many things to fills.

By manages our source of income, we can have a chance to make a profit from Bitcoin investment like others. If we can have a chance to earns more money, we can add more money that we can use to invests in Bitcoin so we will have the opportunities to buy more Bitcoin.

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To achieve that kind of range of budget for a weekly market price, at least $ 500$ to 1k USD and just a 10 - 20 percent of leverage you are willing to risk of course it depends on your capital if you will make a risk with the futures, but if you are going to deal with that with spot possible with the range of 500$ to gain with the 10-40$ per week but again consider if the market is going for another uptrend you might not get that range of profit only with the holdings or instead with the basic concept of buy and sell with the market volatility.

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Quote from: asarfiar on October 25, 2024, 01:35:42 AM

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.

Having a portion of $40 per week and investing $10 worth of bitcoin will not reduce financial risk but rather adding more risk expecially when we have an epileptic financial system. bitcoin is a risky investment, so we must figure out a way of solving the problem of financial epilepsy sothat we can be able to be financially stable and invest the amount we don't need any moment on bitcoin, than using the amount you need urgently to build a good financial balance to invest in bitcoin and hoping that you are free from financial risk why you have already risked your finances in the cost of negligence. Why we invest in bitcoin is to HODl for a long time before we can make profit in the future not a quick money recovery system.

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Bitcoin is undeniably one of the best and most profitable investments being noted. And with that, you’re lucky if you have been riding the hype with bitcoin, most particularly if you certainly take some risk to invest on it. Investing could be quite risky most especially that it pertains to a very unpredictable kind of investment but if you are wise enough to invest only what you are comfortable of losing, you will surely gain vast amount of profits in the end. Patience and persistency are the keys. If you can’t have that, don’t bother to enter bitcoin investment.

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Quote from: Orpichukwu on October 27, 2024, 05:07:33 PM

Quote from: terrific on October 25, 2024, 05:11:09 PM

Find a way to increase your weekly, with inflation that won't cover much of your expenses but in third world countries that might be enough for a single person.
But I am not going to discourage people that will do that because I have been there and it's totally okay to invest with any amount to Bitcoin that you can afford and that's the best strategy that one can ever do.

That amount is a little big in a country like mine; in fact, if converted to my local currency, it’s above our minimum wage earning that weekly can be considered a big amount even as the price of things is on the higher level.

What matters is knowing your account and your limits. Not everyone has the opportunity to have a weekly income; some people have monthly incomes, while others receive theirs bi-weekly. In all of this, what matters is try to create a regular investment pattern and stick to it.

Then, have a percentage of your income that is comfortable for you to invest, which you will not easily think of withdrawing, even when you have basic needs to handle. You should have spare cash with you that you can touch, other than looking for the money you invested in Bitcoin. Because if you invest more than you can hodl, and you know you don't have enough for emergencies, you might become frustrated when you can't liquidate your Bitcoin investments easily.

So, you must invest what you can afford to live without for a long time and keep your spare cash in accounts that you can easily access when emergencies arise. Then, with time, you can increase your investment. But importantly, invest wisely in Bitcoin and invest to hodl, not to be restless.

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Quote from: Taskford on October 29, 2024, 07:35:18 AM

Might be good if you have lots of extra funds to spend since everything will be surely in right place with that aspects. But if they are not earning good enough funds and just invest those extra amount they have then better they need to be more careful upon deciding to accumulate and don't push their selves to put some money in bitcoin since maybe they would start to get a problem if they are out of funds to use for other important matters.

So with this settle up their finances first before thinking about investing in bitcoin since we are dealing with long term with this coin and good fund management is important here.

Yeah, I guess @OP get baited by self pro claimed financial motivator who encourage people to invest in order to achieve financial freedom. However, it's highly unrealistic to invest small amount money can achieve financial freedom, instead of investing, better for someone to invest in their brain to increase the probability to earn more.

Investing with small amount money is like invest for fun, only to understand how it works and the experience.

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Quote from: Zackz5000 on October 29, 2024, 06:04:06 AM

Quote from: asarfiar on October 25, 2024, 01:35:42 AM

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 is good to be aggressive when investing into Bitcoin but is not by over doing it in such a way that it will affect your personal living if there is another source of income apart from that $40 weekly pay I will advise not to use $10 for into your Bitcoin investment so that you may not be tempted to sell out your Bitcoin hodling when emergency arose I will advise to invest $5 and also Bitcoin investment is not all about investing 25% of your weekly payment, you also need to set aside your emergency, reserve, and float fund readily available also make sure your discretionary income is also made available so you won't run out lost by selling out when it is not due.

Might be good if you have lots of extra funds to spend since everything will be surely in right place with that aspects. But if they are not earning good enough funds and just invest those extra amount they have then better they need to be more careful upon deciding to accumulate and don't push their selves to put some money in bitcoin since maybe they would start to get a problem if they are out of funds to use for other important matters.

So with this settle up their finances first before thinking about investing in bitcoin since we are dealing with long term with this coin and good fund management is important here.

Topic: Weekly income should keep bitcoin investment! - page 2. (Read 891 times)