Not just having a source of income, you should have provision for emergencies. Hence there is a need to have emergency funds in case of loss of job, health issues or other unforeseen occurrences. You should always invest only what you can live without, that is why the DCA strategy will always be the best investment option. It facilitates investing at your pace and places less financial burden on the investor.

If possible have more than one source of income because having just one job in this present poor economic conditions in some countries is not sufficient to be a consistent and longtime Bitcoin investor.

That's true, when you don't have basic needs to look after you can hold for as much as you like, and if it's right coin it'll give you hefty profits, and this precisely what happened to me during 2017-18 time, I held alt called Jarvis for 3-4 years, afaik it hovered between $500-$1000 most of the time, however in 2021 it was worth $23k (this value doesn't matter as much as that it was worth 100 ETH in comparison to ETH that's what matters, with right decision I would have made 200k here).

You will have best protection for your investment if you have good income source to live with it without touching your bitcoin investment. It is the best because you also can use part of income for DCA.

It is not best but still good if you have good savings beyond your bitcoin investment and can live well with your savings.

If you invest in Bitcoin and has no thing left for livelihood, you will have financial troubles and have to sell your bitcoin, even have to make sale-off.

In fact, it is very dangerous to mix personal banking and investing in cryptocurrencies. Its not just an idea that you need a steady income to keep your crypto holdings safe; its a harsh reality based on the lessons of unstable economies. You made a good point when you said that the unstable nature of cryptocurrencies like Bitcoin can force buyers into selling too soon, which can cause them to lose money.

Isnt it a problem to think that all buyers arent strong enough to handle market changes? Having a job is important, but smart money management and mental control are also very important. The real problem is finding a balance between the need to sell assets and the long-term investment goals.


This is shown by your experience going from being vulnerable to stable as a Guinness merchandiser. Its not enough to just have a job; you need to learn how to handle money and your emotions. This is the truth that no one in the world of crypto investing wants to say.

This is true. An investor aiming to have a long-term investment in Bitcoin or any cryptocurrency requires to have a stable job. High possibility for an investor to sell their holdings early if ever the time comes when they need money for any emergencies. Having a source of income will also be the one to help an investor to at least increase the holdings they have. Instead of being in a situation of selling their investment, they can invest more if they want to.

We're not in early days anymore when Bitcoin was worthless and you can mine Bitcoin use your old computer with low qualify CPUs, that's when you can become rich with Bitcoin without need a source (although you need computer and internet connection).

If you think you can get rich with Bitcoin, how you can buy Bitcoin when you don't have money in the first place?

When experiencing an urgent situation, people will sell it under duress because there is no other source that can cover their sudden needs.
In such circumstances other alternatives are needed so as not to sell.
At times like this, for people who understand the importance of holding Bitcoin ownership, it will be an experience that other sources of income are very necessary to maintain Bitcoin ownership. The decision to sell due to urgent circumstances does not need to be regretted because ownership can be carried out again when the problem has been resolved.

I agree  bitcoin without any other source of funds can be really risky. The value of bitcoins can be volatile and there is no guarantee that their value will increase over time. If you have no other source of money and are relying solely on the value of your Bitcoin, you may find yourself in a vulnerable financial position. However, it is important to be realistic about our financial situation and hold investments in a sustainable way for us. I think  DCA is an approach that is a great way for low-income earners to slowly invest in Bitcoin or other assets without putting themselves at financial risk. It's about finding a strategy that works for you and allows you to steadily build your investments over time.

Life fluctuates greatly and you may find yourself forced to sell your Bitcoin, so always try to make Bitcoin the first investment you buy when you have a surplus and the last thing you spend when you need cash.
Everyone who sold did not calculate the risks, and few are exempt from this rule. They are those who sold due to an urgent need, such as accidents, educating children, or paying off an urgent loan. Sometimes, you short Bitcoin to buy it again at a low price.