1 sat \ 2 replies \ @lipinip235 25 Jul 2022 \ on: Do not invest, collect satoshis instead (DCA) bitcoin
My personal approach is investing in non-crypto stuff while harvesting sats/5h1tcoins wherever I can. I'm still not fully sold on crypto so I'm not yet exchanging hard money for it. However, one must diversify sources of income whenever it can be done.
I'm limited to save money, savings with bitcoins has been the best decision I made so far. I tried to invest but, as a mentioned above, it's a job, a part-time job that requires much harder techniques than what I'm currently doing.
Today, I'm collecting my sats, put it in a offline wallet and that's it. To invest I need to work harder.
reply
Good approach on harvesting sats, no better money than free money :-P. On the investing part, from personal experience I can tell you that many people that think they can't do it actually can, there's a lot of false mystique around investing. Unless you wanna live off your investments right after starting, you can begin small (both money and time-wise) and work your way up. I have no formal investing education and I can tell you my investing activities have been rewarding so far. What's important about it is to be responsible (it's different from gambling), research your investment targets and keep a cool head at any time.
reply