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    Author Topic: You must have a source  (Read 2493 times)
    Popkon6
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    January 27, 2024, 04:20:30 AM
     #141

    You must have a source of income if you must succeed in your holdings.

    For the few years I have been into cryptocurrency, I have discovered that you can't hold till the right time if your don't have a source of income. Just imagine that you have a pressing basic needs like feeding or rent, then you don't have money  to finance it, you will be forced to sell your Bitcoin at a loss if you don't have a source of income outside your holdings.

    Most people that have sold their Bitcoin holdings at a loss or at an average price actually have the patience but don't have the knowledge of how to hold, because a good holder must be aware that he needs a source of income for him to be able to consolidate to his holdings.

    It has happened to me severally, I have been able to hold now, since I started working as a merchandiser with Guinness, I think most times, experience is the best teacher.

    Accumulating Bitcoin holdings in particular must require an external source of income, if there is no source of income, the holdings must meet the household's financial needs. Emergency fund especially for basic needs is necessary because people's health is not always perfect, there are many reasons for getting sick, fees for consulting doctors and taufiq for taking daily medicine. So your income must be divided into several parts and systematically invested weekly or monthly for holdings. If you invest all the assets in one round then you will be in deficit, so in any case investing in DCA method can make your investment sound and long term.

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