Buy Buy Buy or Sell Sell Sell?

[Mayor of ogba]

To have a good portfolio, one needs to stand well on his two financially - it's essential due to the fact that your investment is like a garden of sorts - you can't reap what you sow if you don't look after it well,

You are wrong no matter any garden you have planted there is nothing will make you not to reap it even if you don't take good care of it but however the only problem you will have is that lack of good maintenance of the garden will make those fruits or plant not to be too fruitful to produce what is being intended for it, so saying that the person will not reap what they sow is wrong because is as if they would be deprive of there ownership to the garden, so arriving to Bitcoin investment is also the same because if you put little on Bitcoin is also the little you can get so nobody will take it away from you because you did not invest more by taking care of.

You are wrong; if you invest in bitcoin and don't take good care of it in the sense that you don't make provision for emergency funds, reserve funds, and floats, and also use the money you will not need for 4-10 years or more to invest in bitcoin, you are likely to fail on your bitcoin investment because when your unforeseen problems arise, there will be no emergency funds that will help you to solve those problems, and you will depend on selling your bitcoin investment to solve your unforeseen problems, which might get you off the game partially or permanently. Anyone that is investing in bitcoin needs to plan his or her bitcoin investment very well and figure out how much of his or her discretionary income will be used to invest in bitcoin in such a way that he or she will always solve his or her daily expenses, which will allow him or her to hold his or her bitcoin investment for a long time.

[Moreno233]

To have a good portfolio, one needs to stand well on his two financially - it's essential due to the fact that your investment is like a garden of sorts - you can't reap what you sow if you don't look after it well,

You are wrong no matter any garden you have planted there is nothing will make you not to reap it even if you don't take good care of it but however the only problem you will have is that lack of good maintenance of the garden will make those fruits or plant not to be too fruitful to produce what is being intended for it, so saying that the person will not reap what they sow is wrong because is as if they would be deprive of there ownership to the garden, so arriving to Bitcoin investment is also the same because if you put little on Bitcoin is also the little you can get so nobody will take it away from you because you did not invest more by taking care of.

It is you who is wrong here. You are missing a very critical point here and that is the fruit gotten from the garden. When you plant a garden it belongs to which is ownership but it is not all about ownership in this case. The point is if you don't take good care of that garden, sure the plant will grow but weeds will overrun it, the soil may lose effectiveness or the harvest will not yield good potential. The quantity and quality you will get is directly tied to the level of care and support you give to it.

Let's bring it back to Bitcoin investment. When you invest and fail to nurture your investment, by that I mean consistent accumulation, early bird planning (goals), or proper financial stability to avoid jeopardizing your investment. You will still have your Bitcoin fractions in your portfolio but not with the full potential you will get. Some investor risk making poor decisions like inconsistency in accumulation, prematurely selling and other risk they take. Please don't be that type of investor that twill abandon their investment because they have bought at first hand.

I don't really see what you are disagreeing with on that post because both of you are saying similar things from different perspectives. The summary of what both you said is that to invest in Bitcoin and sustain the investment, you need some level of financial stability such that you will not resort to selling off your investment to meet certain needs that would have been taken care of by setting aside some some funds aside for them. While @Salamu used "stand well... financially, you used proper financial stability which is still the same thing so there is no point disagreeing with anything he said in that post. Well, for the sake of the ongoing discussion, I understand you.

Inasmuch as we are encouraging people to start investing in Bitcoin with whatever disposable income the have, we should also make effort to encourage them to take their cashflow seriously as that is just the way their could be security in the investment. If an investor receives bulk inflow and decide to inject that into Bitcoin, it should be well planned such that what is set aside for other needs will be able to sustain him until the next cash inflow. Those who have not figured out their finances have to do that first before thinking investment.

[Pi-network314159]

The advantages of depositing using the Dollar Cost Averaging (DCA) method are many. This is a strategy where anyone can consistently buy Bitcoin with a certain amount of money. You can buy Bitcoin worth $50 or $100 with the money you have in your hand once a month.

You are actually  right, only that you didn't use the word  buying bitcoin from your discretion fund but instead used the word " money in the hand" which makes it look somehow different but I know all what you said is true but didn't put all in its rightful position.

Sencondly DCA is not only subjected to "once a month"
but should be done weekly or monthly.

The right time to buy Bitcoin is the bearish season, that is, when the price is low, there is a golden opportunity to buy Bitcoin.

There you again @Scarlett_23. yeah it's indeed the bearish time is a golden opportunity to buy more bitcoin, but it's not the real best time to buy bitcoin as you think .  Anytime is best time to buy bitcoin. Buy bitcoin on a regular DCA without considering the price changes weather high or low.  And buy more when bitcoin is dip.

[Shadiq]

There you again @Scarlett_23. yeah it's indeed the bearish time is a golden opportunity to buy more bitcoin, but it's not the real best time to buy bitcoin as you think .  Anytime is best time to buy bitcoin. Buy bitcoin on a regular DCA without considering the price changes weather high or low.  And buy more when bitcoin is dip.

Especially when you are talking about DCA, do not identify a specific time to buy or do not mention a specific time. You can say that the bearish season can be the ideal time to make yourself more profitable. I consider every moment in the market to be a golden opportunity to buy, but for more profits, I use the bearish period of the market as a golden opportunity. Along with buying regularly, when I get a bearish market, it will be an opportunity for me to buy more Bitcoin. I will definitely try to use that time to be aggressive in investing as much as I can. However, being aggressive in investing beyond my means can be a bit of a wrong move. If you do not have the means, you can focus more on being consistent instead of being aggressive. Being consistent in investing is more important than taking advantage of the bearish.

[Ruttoshi]

Aggressive buying is recommended for investors who have the means and have a higher level of floating cash. Aggressive buying of Bitcoin through emotion may not be a positive decision for an investor but if the amount of cash fund is decent it is definitely going to be positive if it is aggressive. The aim is to try to get Bitcoin holdings and keep depositing for a long time. DCA strategy is the best in the journey of collecting Bitcoin and it is effective for any people to continue. Running Bitcoin along with daily household expenses and being aggressive with bonus income is a good decision and if people can implement it they should get bonuses after three months. In my opinion if investors can deposit additional Bitcoin in their portfolio every three months there will be a tendency to increase the holdings over time and there is a possibility of getting more holdings than the target before reaching the cycle. However, at the same time a backup fund or floating cash fund should be kept in mind so that they can focus more on investing in emergencies and aggressive investing.

I do not see aggressive investing as a negative at all if one can be disciplined. If a person has the necessary capabilities to be aggressive, then I support him being aggressive. However, I would like to give an investor a chance to decide this matter independently. If he feels from his position that he can be aggressive in his investment, then he has every right to be aggressive in his investment. If someone decides to be aggressive in his investment beyond his capabilities, then the move will prove to be wrong for him. Because to be aggressive in investment, it is important that you have sufficient cash flow or you can be aggressive in investment with bonus money. In this case, you have to ensure that there is no shortage in emergency fund, reserve fund and cash flow. We can be aggressive in investment by being disciplined. Aggressiveness plays an important role in growing your portfolio.

Been overly aggressive depends on level of an investor discretionary income if your discretionary income is capable then there is nothing wrong investing aggressively but let it not be done in a way that it is going to affect your personal needs along the line and also try to make sure that your emergency fund and reserve fund is available and also try to create a DCA strategy where you can accumulate weekly, but when you invest above your discretionary income you will definitely have difficulty in your bitcoin investment because then you will be investing with the money meant for your personal living or need  which will be a bit problematic.

I agree with you, in fact, it is very important to maintain balance in Bitcoin investment, if an investor's financial situation is not very good, and he does not have any kind of emergency fund for his family, then he should never invest aggressively.
Being aggressive is only logical when you have a good source of discretionary income, as well as an emergency fund always ready, and the ability to take any unexpected risks. However, if you invest aggressively, the possibility of loss that money will be much higher.
Therefore, the best investment method is the DCA method, which is the best way to build a long-term portfolio without stress. However, even in the case of investing in the DCA method, you must have an emergency fund ready. And in the case of DCA investment, you should calculate your income and expenses, and use the amount of money left after meeting family expenses and personal needs to buy DCA.

I guess you are misunderstanding what investing aggressively is and investing over aggressively. With DCA method, you can invest aggressively as long as you don't over do it. Since you are using your discretionary income to invest aggressively, it isn't bad. For instance, if my discretionary income is $100 and I choose to invest $60 into bitcoin every week through DCA consistently and persistently overtime. I am not investing aggressivly, because I have extra $40 that I don't need for anything but fail to invest more than $60.

However, if the investor have decided to increase his DCA amount from $60 to $90. That will not affect him because he is still using his discretionary income. However, if you want to prepare for the dip, you can be saving $30 for the dip always to set up your reserve funds and DCA with $60. So that if there's a dip, you can use your reserve. Personally, I think being aggressive as a new investor is better than keeping for cash behind to buy at the dip, because with your regular DCA ongoing, you can buy still buy from the dip.

Being over aggressive is when you use more than your discretionary income to buy bitcoin. Just like my example, since $100 is your discretionary income, if you use above that, it will affect your expenses and needs.

[Sim_card]

. The right time to buy Bitcoin is the bearish season, that is, when the price is low, there is a golden opportunity to buy Bitcoin.

Buying at the dip is not good for a new investor and that shouldn't be a barrier for him not to get started immediately, because you are a no coiner and need to start building and growing your bitcoin portfolio without wasting time. Since you are a long term hodler, DCA is good to start with because it will give you the opportunity to buy bitcoin at various price intervals. Just keep your bitcoin accumulation journey ongoing, rather than sitting on the fence waiting for the dip that you don't know when it will come.

Today ATH price will be the dip in few years, so why not start buying from now and save for the future when bitcoin price will be very high and the amount that you can use to accumulate a good size of bitcoin from one till four years with consistency and regular buying every week, will not be able to buy such quantity of bitcoin by then. Don't wait and delay the transformation of your future to the next level. The ball is in your court.

[Miles2006]

There you again @Scarlett_23. yeah it's indeed the bearish time is a golden opportunity to buy more bitcoin, but it's not the real best time to buy bitcoin as you think .  Anytime is best time to buy bitcoin. Buy bitcoin on a regular DCA without considering the price changes weather high or low.  And buy more when bitcoin is dip.

Especially when you are talking about DCA, do not identify a specific time to buy or do not mention a specific time. You can say that the bearish season can be the ideal time to make yourself more profitable. I consider every moment in the market to be a golden opportunity to buy, but for more profits, I use the bearish period of the market as a golden opportunity. Along with buying regularly, when I get a bearish market, it will be an opportunity for me to buy more Bitcoin. I will definitely try to use that time to be aggressive in investing as much as I can. However, being aggressive in investing beyond my means can be a bit of a wrong move. If you do not have the means, you can focus more on being consistent instead of being aggressive. Being consistent in investing is more important than taking advantage of the bearish.

The plan depends only on the investor and their choice to make, aggressive buying can be done at anytime likewise buying the dip although it’s different even if it allows an investor to take advantage of the price. If any investor is not fit for aggressive buying it’s normal, as usual buy with what’s available. At the other hand bearish market is totally unpredictable that’s why buying on a constant bases is important and valid, even at some point buying using the dca strategy at times like this (bullish season) is acceptable due to bitcoin investment planning and budget. I will not consider over aggressive as a good strategy personally due to my budget while at times the money might be available, well there’s no specific time for investing so anyone can buy at anytime.

[Tungbulu]

  I think that we need to know whether newbie or not.. .if brand new then buy, if you already have coins then you still might be a newbie and you should buy.  I would also tend to suggest that if you have been buying less than a whole cycle, then continue to buy unless for some reason you had front loaded your investment along the way.

Another thing is that if we are buying every week, then why should we care if the price is high, low or somewhere in the middle?  If we are a newbie, then how are we going to know if the price is high, low or not?  Sure, we can see ATHs currently present, but does that tell us not to buy?

Maybe you know since you have presumptively been in bitcoin for two whole cycles (since mid-2016), and for you maybe you have already bought a lot or more than enough BTC over the years?  Most folks have not had two full cycles to accumulate BTC, so if you are addressing your comment to any newbie then the question would more likely be whether they have any coins and if they have enough and if they don't then for them to keep buying.., yet they are still responsible for their own choices whether they end up buying or not buying.

I agree with you on this. Bitcoin investment can be very unpredictable as the asset is a very volatile one, thus requires a very thought through approach to be able to navigate the market, especially for those who are relatively new to the market. A consistent and long term approach is indeed the best strategy to use when faced with such an uncertain market, it’s also very important to focus more on the investor’s long term financial goals rather than attempting to time the market, which can be very misleading.

The best advice to give to newbie investors would be to start by constantly and continuously accelerating coins, without minding the current price or temporary market conditions. There are lots of risks associated with attempting to time the market and this approach may potentially aid an investor to reduce timing risks as well as exposing themselves to the risks that comes with market volatility in the most possible ways.

Just like you rightly said, investors who have only been in the market for less than a full cycle should prioritize continual and consistent buying and accumulation, since this can help lessen the load of thinking what and how to approach the market in order not to end up in losses. Except maybe they’ve already at some point front loaded their investments.

[Odohu]

. The right time to buy Bitcoin is the bearish season, that is, when the price is low, there is a golden opportunity to buy Bitcoin.

Buying at the dip is not good for a new investor and that shouldn't be a barrier for him not to get started immediately, because you are a no coiner and need to start building and growing your bitcoin portfolio without wasting time.

I will not agree with you completely on this because what I do know is that the method chosen for entry depends on a lot of factors and particularly on the personality of the investor. In other words, many things can constrain an individual to use certain method to buy. For instance, someone who just knew about Bitcoin investing and sees the opportunity it holds can decide to make it one of his retirement plans hence, decide to stash his wealth in Bitcoin. Such individual might feel that it is unnecessary to be checking the market weekly or monthly when he plan to hold for several years, in this case, he can comfortably use lump sum buy or even buying the dips to collect those Bitcoin. Although the DCA method seems to be better for new investors since it is systematic and helps with the management of the psychological aspect, this might be the reason for your point but it does not take away what I earlier said. Remember we cannot force everyone to use one method to buy rather we can only make suggestions base on our experiences and those of others, and leave it to the individuals to decide what gives them the peace of mind and help them achieve their targets.

[Ricardo11]

To have a good portfolio, one needs to stand well on his two financially - it's essential due to the fact that your investment is like a garden of sorts - you can't reap what you sow if you don't look after it well,

You are wrong no matter any garden you have planted there is nothing will make you not to reap it even if you don't take good care of it but however the only problem you will have is that lack of good maintenance of the garden will make those fruits or plant not to be too fruitful to produce what is being intended for it, so saying that the person will not reap what they sow is wrong because is as if they would be deprive of there ownership to the garden, so arriving to Bitcoin investment is also the same because if you put little on Bitcoin is also the little you can get so nobody will take it away from you because you did not invest more by taking care of.

You are wrong; if you invest in bitcoin and don't take good care of it in the sense that you don't make provision for emergency funds, reserve funds, and floats, and also use the money you will not need for 4-10 years or more to invest in bitcoin, you are likely to fail on your bitcoin investment because when your unforeseen problems arise, there will be no emergency funds that will help you to solve those problems, and you will depend on selling your bitcoin investment to solve your unforeseen problems, which might get you off the game partially or permanently. Anyone that is investing in bitcoin needs to plan his or her bitcoin investment very well and figure out how much of his or her discretionary income will be used to invest in bitcoin in such a way that he or she will always solve his or her daily expenses, which will allow him or her to hold his or her bitcoin investment for a long time.

In fact, many investors forget these things before starting to invest, they start investing without arranging an emergency fund, a reserve fund. As a result, in any unexpected situation, having no way out, they sell their Bitcoin holdings, as a result of which they often face losses.
Therefore, having an emergency fund, a reserve fund and a strong stable income source is very important in Bitcoin investment. Because only an emergency fund, a reserve fund and Stable income ensures that an investor will not be forced to sell their holdings under unexpected pressure.
And when investing in currencies like Bitcoin, the investment must be held for a long time, and DCA must be run. And for investment, you should definitely invest an amount of money that will not hinder your future daily needs, or in any unexpected situation, will not put you under any pressure to sell any of those holdings.
By planning all these things, keeping an emergency fund, reserve fund ready, and investing the amount of money you can afford, you will be able to hold it for a long time.

[Mayor of ogba]

To have a good portfolio, one needs to stand well on his two financially - it's essential due to the fact that your investment is like a garden of sorts - you can't reap what you sow if you don't look after it well,

You are wrong no matter any garden you have planted there is nothing will make you not to reap it even if you don't take good care of it but however the only problem you will have is that lack of good maintenance of the garden will make those fruits or plant not to be too fruitful to produce what is being intended for it, so saying that the person will not reap what they sow is wrong because is as if they would be deprive of there ownership to the garden, so arriving to Bitcoin investment is also the same because if you put little on Bitcoin is also the little you can get so nobody will take it away from you because you did not invest more by taking care of.

You are wrong; if you invest in bitcoin and don't take good care of it in the sense that you don't make provision for emergency funds, reserve funds, and floats, and also use the money you will not need for 4-10 years or more to invest in bitcoin, you are likely to fail on your bitcoin investment because when your unforeseen problems arise, there will be no emergency funds that will help you to solve those problems, and you will depend on selling your bitcoin investment to solve your unforeseen problems, which might get you off the game partially or permanently. Anyone that is investing in bitcoin needs to plan his or her bitcoin investment very well and figure out how much of his or her discretionary income will be used to invest in bitcoin in such a way that he or she will always solve his or her daily expenses, which will allow him or her to hold his or her bitcoin investment for a long time.

In fact, many investors forget these things before starting to invest, they start investing without arranging an emergency fund, a reserve fund. As a result, in any unexpected situation, having no way out, they sell their Bitcoin holdings, as a result of which they often face losses.

There's nothing wrong with starting a bitcoin investment without making provisions for emergency funds, reserve funds, and floats at the beginning of your investment. You can start your bitcoin investment without keeping emergency funds, reserve funds, and floats at the beginning of your investment, but you can build up these funds up to 3 months as you are accumulating bitcoin. It is only when you fail to build up these funds as you are accumulating bitcoin that you will find it very difficult solving your unforeseen problems when they arise.

The advantages of depositing using the Dollar Cost Averaging (DCA) method are many. This is a strategy where anyone can consistently buy Bitcoin with a certain amount of money. You can buy Bitcoin worth $50 or $100 with the money you have in your hand once a month. In that case, there is no reason for the person to worry about the price of Bitcoin decreasing or increasing. The right time to buy Bitcoin is the bearish season, that is, when the price is low, there is a golden opportunity to buy Bitcoin. You do not have to sell any land to buy Bitcoin, that is, there is no need for a large amount of money. What is needed is your ability to hold it. Because those who hold BTC for a long time benefit from the increase in the price of BTC over time.

You are correct; the DCA strategy allows any investor to consistently accumulate bitcoin on a weekly or monthly basis, depending on the one that is convenient for him or her, but it is not right to use all your money to accumulate bitcoin at once with the DCA strategy on a weekly or monthly basis because that is an aggressive investment, and you are doing it in such a way that you will not be able to solve your daily expenses, which will give you no choice but to sell your bitcoin investment even though you are at a loss to get your daily expenses sorted out. Investing in bitcoin with the DCA strategy is best done when you invest according to your discretionary income or you invest with the money you can afford to lose or with the money you will not need for 4-10 years or more so that you will have no problems in sorting out your daily expenses, which will allow you to hold your bitcoin investment for a very long time without getting off the game partially or permanently.

[Promocodeudo]

The advantages of depositing using the Dollar Cost Averaging (DCA) method are many. This is a strategy where anyone can consistently buy Bitcoin with a certain amount of money. You can buy Bitcoin worth $50 or $100 with the money you have in your hand once a month. In that case, there is no reason for the person to worry about the price of Bitcoin decreasing or increasing. The right time to buy Bitcoin is the bearish season, that is, when the price is low, there is a golden opportunity to buy Bitcoin. You do not have to sell any land to buy Bitcoin, that is, there is no need for a large amount of money. What is needed is your ability to hold it. Because those who hold BTC for a long time benefit from the increase in the price of BTC over time.

Buddy you started your writeup very well and it would been a good working document for newbies and existing bitcoiners too but you deviated to saying that the bearish is the best period to buy Bitcoin when you have already raised a good point, mate there is no particular time set aside for Bitcoin investors to buy, an investor that understands what DCA method stands for wouldn't be thinking about the so called bearish season which is the dip, the dip is the season that Bitcoin decline in price but we shouldn't encourage people to wait till that time because for an investor to give a break when he has already made plan on how to start his investment journey may lead such investor to a serious discouragement that's capable of making him or her not to continue with the said investment.

Since we have a good strategy that can help all investors of all kind to keep acumulating Bitcoin with the amount of money they can afford weekly or monthly I don't see any need of waiting for something that may stand as a stumbling block for prepared investors, Buddy if this is your mindset, i advise you to retrace your step early if you've not started doing the needful already, the approach for Bitcoin investment is by applying the DCA method because it eases you off stress, pressure and help you to invest with what your pocket can afford steadily, consistently and hodl for a long-term.

[Sim_card]

Such individual might feel that it is unnecessary to be checking the market weekly or monthly when he plan to hold for several years, in this case, he can comfortably use lump sum buy or even buying the dips to collect those Bitcoin.

Are you advising a new bitcoin investor to start his bitcoin journey with buying at the dip? That's wrong because he has the money to buy right away and shouldn't wait for the dip. How do you even expect a newbie to know when the dip will come when nobody can predict the price movement of bitoin. I didn't see anything wrong in what I wrote above that you are disagreed with me because you are not new to this thread and we know knowing that DCA method is efficient and effective, since it helps you to accumulate more bitcoin overtime without stress.

Such individual might feel that it is unnecessary to be checking the market weekly or monthly when he plan to hold for several years.

DCA buying doesn't mean that you are checking the market because you are buying bitcoin every week or monthly when you have the money available regardless of the price of bitcoin. It's those that buy at the dip are the ones checking the market regularly. Lump sum is good to start with when you have plans to continue buying with DCA every week to increase your bitcoin size faster.

[Mayor of ogba]

. The right time to buy Bitcoin is the bearish season, that is, when the price is low, there is a golden opportunity to buy Bitcoin.

Buying at the dip is not good for a new investor and that shouldn't be a barrier for him not to get started immediately, because you are a no coiner and need to start building and growing your bitcoin portfolio without wasting time. Since you are a long term hodler, DCA is good to start with because it will give you the opportunity to buy bitcoin at various price intervals. Just keep your bitcoin accumulation journey ongoing, rather than sitting on the fence waiting for the dip that you don't know when it will come.

You are correct; it is never advisable for someone who just started his or her bitcoin investment to wait for bearish times before he or she can start accumulating bitcoin because he or she is not certain if a dip will happen today or tomorrow, and waiting for a dip will only delay him or her from accumulating bitcoin. Just like you said, it is better for him or her to adopt the DCA strategy and start accumulating bitcoin right away when his or her accumulation money is readily available, and if a dip happens along his or her accumulation process, the DCA strategy will still allow him or her to still accumulate bitcoin during a dip, which allows him or her to take full advantage of the market and be more active in accumulating bitcoin than those investors waiting for a dip to come before they can accumulate bitcoin.

[Tmoonz]

To have a good portfolio, one needs to stand well on his two financially - it's essential due to the fact that your investment is like a garden of sorts - you can't reap what you sow if you don't look after it well,

You are wrong no matter any garden you have planted there is nothing will make you not to reap it even if you don't take good care of it but however the only problem you will have is that lack of good maintenance of the garden will make those fruits or plant not to be too fruitful to produce what is being intended for it, so saying that the person will not reap what they sow is wrong because is as if they would be deprive of there ownership to the garden, so arriving to Bitcoin investment is also the same because if you put little on Bitcoin is also the little you can get so nobody will take it away from you because you did not invest more by taking care of.

You are wrong; if you invest in bitcoin and don't take good care of it in the sense that you don't make provision for emergency funds, reserve funds, and floats, and also use the money you will not need for 4-10 years or more to invest in bitcoin, you are likely to fail on your bitcoin investment because when your unforeseen problems arise, there will be no emergency funds that will help you to solve those problems, and you will depend on selling your bitcoin investment to solve your unforeseen problems, which might get you off the game partially or permanently. Anyone that is investing in bitcoin needs to plan his or her bitcoin investment very well and figure out how much of his or her discretionary income will be used to invest in bitcoin in such a way that he or she will always solve his or her daily expenses, which will allow him or her to hold his or her bitcoin investment for a long time.

In fact, many investors forget these things before starting to invest, they start investing without arranging an emergency fund, a reserve fund. As a result, in any unexpected situation, having no way out, they sell their Bitcoin holdings, as a result of which they often face losses.

There's nothing wrong with starting a bitcoin investment without making provisions for emergency funds, reserve funds, and floats at the beginning of your investment. You can start your bitcoin investment without keeping emergency funds, reserve funds, and floats at the beginning of your investment, but you can build up these funds up to 3 months as you are accumulating bitcoin. It is only when you fail to build up these funds as you are accumulating bitcoin that you will find it very difficult solving your unforeseen problems when they arise.

Having an emergency fund is never a criteria to be emphasised prior to starting your investment, get the fucking started and figure that out down the road. It only becomes problematic when it is being ignored Perhaps emergency fund is very necessary in life generally let alone towards your investment, the point is to have an ongoing investment and figure out how much should kept or added to your emergency fund, by definition an emergency is meant to be built up to 3 to 6 months worth of our expenses and of which we shouldn't be waiting but should be done along side with our investment which is better than procrastinating ever buying Bitcoin.

[Ruttoshi]

To have a good portfolio, one needs to stand well on his two financially - it's essential due to the fact that your investment is like a garden of sorts - you can't reap what you sow if you don't look after it well,

You are wrong no matter any garden you have planted there is nothing will make you not to reap it even if you don't take good care of it but however the only problem you will have is that lack of good maintenance of the garden will make those fruits or plant not to be too fruitful to produce what is being intended for it, so saying that the person will not reap what they sow is wrong because is as if they would be deprive of there ownership to the garden, so arriving to Bitcoin investment is also the same because if you put little on Bitcoin is also the little you can get so nobody will take it away from you because you did not invest more by taking care of.

You are wrong; if you invest in bitcoin and don't take good care of it in the sense that you don't make provision for emergency funds, reserve funds, and floats, and also use the money you will not need for 4-10 years or more to invest in bitcoin, you are likely to fail on your bitcoin investment because when your unforeseen problems arise, there will be no emergency funds that will help you to solve those problems, and you will depend on selling your bitcoin investment to solve your unforeseen problems, which might get you off the game partially or permanently. Anyone that is investing in bitcoin needs to plan his or her bitcoin investment very well and figure out how much of his or her discretionary income will be used to invest in bitcoin in such a way that he or she will always solve his or her daily expenses, which will allow him or her to hold his or her bitcoin investment for a long time.

In fact, many investors forget these things before starting to invest, they start investing without arranging an emergency fund, a reserve fund. As a result, in any unexpected situation, having no way out, they sell their Bitcoin holdings, as a result of which they often face losses.
Therefore, having an emergency fund, a reserve fund and a strong stable income source is very important in Bitcoin investment. Because only an emergency fund, a reserve fund and Stable income ensures that an investor will not be forced to sell their holdings under unexpected pressure.
And when investing in currencies like Bitcoin, the investment must be held for a long time, and DCA must be run. And for investment, you should definitely invest an amount of money that will not hinder your future daily needs, or in any unexpected situation, will not put you under any pressure to sell any of those holdings.
By planning all these things, keeping an emergency fund, reserve fund ready, and investing the amount of money you can afford, you will be able to hold it for a long time.

Mayor of Ogba has already answered you correctly, but let me throw more light on what he said. A new investor doesn't need to have his emergency funds ready before he starts his bitcoin ready, if he doesn't have it in place already. The new investor after figuring out how much is their discretionary income, should invest right away by sharig his discretionary income into two parts and use one part to be investing in bitcoin every week regularly. While he use the other part to be building his emergency funds for at least three months.

If you have set up your emergency funds of three months, you can then channel that funds to build up your reserve funds. After building your reserve funds, you can channel that money into buying bitcoin aggressively to cover up all those period that you were using to build up your back up funds. If you want to be waiting till you build your emergency funds before investing, you will lose the opportunity thatyou should have used to start building your bitcoin portfolio early. You can start your bitcoin investment and build it simultaneously with your emergency funds.

[Mayor of ogba]

So far I am still holding back, and trying to increase the assets I have. Selling, buying, or holding is an absolute decision that every investor has. However, before making that decision, it would be better if we did some research. Each person here may have a different portfolio, so their decision choices will be different. So far I prefer to hold and collect assets.

Welcome to the forum. As someone who is new to bitcoin investment, it is not advisable to start talking about selling bitcoin at your early stage in bitcoin so that you will not be distracted into selling your bitcoin investment for short-term profit when you start your bitcoin investment. Your attention should be more on your finances to know if you will have discretionary income that will allow you to invest in bitcoin easily, figure out how much of your discretionary income will be used to invest in bitcoin, and how long you will hold your bitcoin investment. When you are talking about different portfolios, I assume you are talking about investing in different assets, but I want you to understand that there's no need to diversify your investment to another asset when you haven't yet accumulated the amount of bitcoin you want. If you diversify your investment now, it will only distract you from your Bitcoin investment, which might likely get you off the game because you will not have enough money left to take care of your daily expenses.

[SuperBitMan]

To have a good portfolio, one needs to stand well on his two financially - it's essential due to the fact that your investment is like a garden of sorts - you can't reap what you sow if you don't look after it well,

You are wrong no matter any garden you have planted there is nothing will make you not to reap it even if you don't take good care of it but however the only problem you will have is that lack of good maintenance of the garden will make those fruits or plant not to be too fruitful to produce what is being intended for it, so saying that the person will not reap what they sow is wrong because is as if they would be deprive of there ownership to the garden, so arriving to Bitcoin investment is also the same because if you put little on Bitcoin is also the little you can get so nobody will take it away from you because you did not invest more by taking care of.

You are wrong; if you invest in bitcoin and don't take good care of it in the sense that you don't make provision for emergency funds, reserve funds, and floats, and also use the money you will not need for 4-10 years or more to invest in bitcoin, you are likely to fail on your bitcoin investment because when your unforeseen problems arise, there will be no emergency funds that will help you to solve those problems, and you will depend on selling your bitcoin investment to solve your unforeseen problems, which might get you off the game partially or permanently. Anyone that is investing in bitcoin needs to plan his or her bitcoin investment very well and figure out how much of his or her discretionary income will be used to invest in bitcoin in such a way that he or she will always solve his or her daily expenses, which will allow him or her to hold his or her bitcoin investment for a long time.

In fact, many investors forget these things before starting to invest, they start investing without arranging an emergency fund, a reserve fund. As a result, in any unexpected situation, having no way out, they sell their Bitcoin holdings, as a result of which they often face losses.

There's nothing wrong with starting a bitcoin investment without making provisions for emergency funds, reserve funds, and floats at the beginning of your investment. You can start your bitcoin investment without keeping emergency funds, reserve funds, and floats at the beginning of your investment, but you can build up these funds up to 3 months as you are accumulating bitcoin. It is only when you fail to build up these funds as you are accumulating bitcoin that you will find it very difficult solving your unforeseen problems when they arise.

Having an emergency fund is never a criteria to be emphasised prior to starting your investment, get the fucking started and figure that out down the road. It only becomes problematic when it is being ignored Perhaps emergency fund is very necessary in life generally let alone towards your investment, the point is to have an ongoing investment and figure out how much should kept or added to your emergency fund, by definition an emergency is meant to be built up to 3 to 6 months worth of our expenses and of which we shouldn't be waiting but should be done along side with our investment which is better than procrastinating ever buying Bitcoin.

You are right the most important thing is to get started, you can build your emergency funds along side your Bitcoin investment so you don't have to take not having an emergency funds as an excuse for not starting your Bitcoin accumulation journey.
When you start your Bitcoin accumulation all you have to do is also start building your emergency funds during this time your Bitcoin accumulation may be slow and you don't have to worry about that since you will only build your emergency funds for some time and as soon as you realize you now have a good emergency funds you can now focus on your Bitcoin accumulation.

Tmoonz you are right when you said "by definition an emergency is meant to be built up to 3 to 6 months worth of our expenses" however one can still prolong his building in other to make sure he has a strong emergency funds, there's no limited time stopping someone from building a very good emergency funds the only time someone should stop building is when he realize he now has built a strong emergency funds.

[Jewan420]

Having an emergency fund is never a criteria to be emphasised prior to starting your investment, get the fucking started and figure that out down the road. It only becomes problematic when it is being ignored Perhaps emergency fund is very necessary in life generally let alone towards your investment, the point is to have an ongoing investment and figure out how much should kept or added to your emergency fund, by definition an emergency is meant to be built up to 3 to 6 months worth of our expenses and of which we shouldn't be waiting but should be done along side with our investment which is better than procrastinating ever buying Bitcoin.

Whether people are involved in investment or not, they definitely keep a fund ready for emergencies. We investors know this is an emergency fund and those who do not have much knowledge about investment may not know this is an emergency fund. But in our family life, most of us try to keep one fund from the beginning of our career, but we cannot name it.

If you are interested in investing and are ready to invest, then waiting for your emergency fund will not be a good idea at all. You should enter into investment without any hesitation and continue to gain knowledge about investment. For a new investor, it is more important to focus on investment than on emergency fund. However, you should keep in mind that your source of income should be sufficient to invest and prepare an emergency fund with the remaining money after meeting daily needs. When your investment becomes significant, you may need an emergency fund to maintain your investment for the long term. Remember, investment first, then emergency fund. That is, if you think about tree maintenance before planting trees or delay planting trees to make maintenance arrangements, you will make a mistake. Plant trees first and then make maintenance arrangements.

[Rabata]

So far I am still holding back, and trying to increase the assets I have. Selling, buying, or holding is an absolute decision that every investor has. However, before making that decision, it would be better if we did some research. Each person here may have a different portfolio, so their decision choices will be different. So far I prefer to hold and collect assets.

I assume you are talking about investing in different assets, but I want you to understand that there's no need to diversify your investment to another asset when you haven't yet accumulated the amount of bitcoin you want. If you diversify your investment now, it will only distract you from your Bitcoin investment, which might likely get you off the game because you will not have enough money left to take care of your daily expenses.

If an investor is initially interested in diversification, then he will definitely face obstacles in his Bitcoin investment. If a Bitcoin investor thinks differently until he holds as much Bitcoin as he is able to invest, then his Bitcoin investment can have major problems. If a new investor has a good idea about diversification and if he is supported by investing a certain amount of money in Bitcoin, then he can diversify his investment. But in most cases, the mistakes that new holders make are that they get attracted to other coins after investing in Bitcoin and later they lose that money. When a Bitcoin investor is able to gain proper knowledge about Bitcoin, he will definitely be able to hold Bitcoin for the long term, which will help him maximize his holdings.