This is actually what the saying "invest what you can afford to lose" really means. Some people may have a misconceptions about the saying. Some may have the source of income but doesn't have emergency savings funds. Yes, they have a spare after all the necessities and bills are taken out, but what they fail to realize is that, when emergency occurs and an immediate funds are needed an unwanted bitcoin withdrawals are most likely going to happen.
Therefore, not only does the source of income that we need to be a concern of, but also consider emergency funds before putting something into bitcoin.

This is often a neglected step by those that are trying to gain financial independence, it is true that an emergency fund may go unused and this could reduce your profits, as that is money that is not invested and it is not growing alongside the rest of your capital.

But we cannot really afford to not have that money in hand, because if there is an emergency and you do not have enough funds to solve it then you will have to depend on the money you invested in bitcoin, and very rarely you will be able to sell your coins at a point anywhere near close the price levels you expected.

This often happens to me and every cycle I still experience the process of failing to hold Bitcoin. I recently had to sell some of my Bitcoin holdings in order to meet basic needs and buy building materials for house construction, despite having additional income the reality is that covering costs is still very insufficient. The minimum wage in my country is very small and it is difficult to survive amid the increasingly expensive costs of basic commodities but the government still does not take action to increase salaries. It's a major economic problem where I live that low salaries require us to have a lot of extra income outside of our main job. I still hold a few holdings and hope strongly to hold them for a little longer, at least being able to take profits until Halving next year. You're right and we're in a similar position, but there's no choice but to take the financial share available. It's a risk that investing in the face of uncertain income sucks.

The reason one needs to have a source of income before planning to invest cryptocurrency is because cryptocurrency doesn't provide peoples upkeeps everyday, profit gained from crypto takes place one's in a while. As humans we need to survive everyday, so we need what will generate money on a steady for this. Crypto expecially bitcoin can give profits if only people can hodl bitcoin for sometime and it is not possible to expect steady flow of money from this.

Bitcoin hodling, especially over the long term, works well with diverse portfolios. It's important to spread out your money, especially if Bitcoin is risky. Although Bitcoin seems like a good way to save money, it shouldnt be the only thing you do with your money.

Stable jobs bring in money and keep your finances in order. This liquidity is very important for Bitcoin and other risky businesses. It keeps your investments safe during market downturns instead of selling them quickly.

People who dont have a steady income should work on getting financially stable. Bitcoin is interesting, but it shouldnt be your main way to manage your money. For this long-term play to work, you need a strong cash base. Bitcoin is a revolutionary way to handle money, but trading requires care and balance.

They say people cannot invest without a realiable source if income. And I firmly believe its true. You cannot successfully hold your coins even for months if your finances is miserable. You need to have at least a good source of income so that your personal expenses will be separate from your investment expenses. And you can still live comfortably even without relying on your investment's future profits.

I'd come to realize that poor people who successfully hold their coins have been struggling a lot to control their expenses. But everything will paid off in time and they'll get to benefit from their long term hodling.

You know when a man is hungry, they find it hard to think straight, that is how investments also look like on the face of man who has plenty of financial problems, not just Bitcoin but every other investment behaves like that too. Is not about even having a source of income; your income might be way smaller than your financial problems and the next thing that comes to your mind is how to borrow and when you have no one after soliciting here and there, your investments are the next options that will ring on your mind because you wouldn't even think whether it is at profits or loss.

Many people that you see today that have millions worth of bitcoins today is because they have another means to take of their life, they are doing average and some are even doing great and never in their lifetime exposed or told anybody they own a bitcoin because they see it as a back up to their life in the sense that if something happens tomorrow, bitcoin shield them quickly and feel nothing.

Agree with your declaration some people are just investing money in a coins of Crypto but they don't leave any amount for their continuous occasions therefore when they require any amount for extremety aims then the first thought about money comes in their mind regarding crypto coin investment therefore they takes out the money which they have invested and expanded percentage of their money become lost due to market virtality.

If you don't have income then when ever you needs money for a small things then you will use your invested amount gradually and at last there will be no invested amount therefore it is important that if you don't have any job then leave investment because it will be then full of problems for you. Investment is not necessary if you don't have income first find a job and then invest some amount from your salary because other will not allow money for your investment as well as daily needs because you are responsible person of your family not others.

If we only have one source of income, of course the investments we make will not last long because we cannot meet the needs we need and when we need these needs we will of course have to take the funds we have invested for those needs.
Yes, it does take a long period of time to be able to gain profits from investing in crypto, so we must have several sources of income to be able to invest in crypto so that the investment we make can achieve the targets we set, because if we only have one source of income, of course this will makes it difficult for us to stick with investments.

Just another source of income will suffice not to the point of having a really good job, as long as it is paying your bills and attending to your needs that can sustain everything. But it is an advantage when you have it and more if you've got profitable business. That's the ideal situation of an investor for which no need to be worried how he'll be able to survive holding Bitcoin. Because those that have invested without other plans and might just spend it when they are in need, the opportunity is going to be misspent by the time someone has to use it.