Buy Buy Buy or Sell Sell Sell?

[Princess Leah]

~

And this is where the problem lies...

Not only newbies but including some old folks who have been in this space for more than a decade yet they have no idea about their cash flow talk more of how to manage it. This is certainly one among the reasons we have more unsuccessful investors that end up selling off their suppose investment at inconvenient times. There is no way you won't temper with your investment if you lacked cash flow management because your cash flow guide shape your financial dealings including savings, investment and emergency funds.

Unfortunately, people have different mindset to this thing we called investment. Time frame and purpose is very vital when making investment because they are the factors that shape and prevent you from immature liquidation of your investment. Majority overlooked these two important factors and still think they have investment. Any investment that can be temper with at any moment or that's yet to attain it mature time frame or purpose is not an investment, it's save and spend sadly. I won't even advise spend and replace as they may end up not replacing it.

What you should be talking about when it comes to an old folk who has been investing for a decade is discipline or being more patient not to take all profits, someone who's invested for a decade should out of experience already be aware that they'll need to have a stable cashflow to keep going, cause without that I don't think they would've been able to hold for that long without even touching their portfolio they would've taken profits for long but the steady cashflow kept them going for that long.

 I like where you said that there's not way one won't touch their portfolio without a steady cash flow, meaning that some who's held for a decade should already have a steady income and that's why they were able to hold for that long, at that point you don't tell such person about having steady cash flow cause they already do but rather encouraging them to remain discipline and hold on to what's in their portfolio instead of selling and even if they want to sell it should be some portions rather than all, it's mostly newbies that should be mostly taught about having steady cashflow before going into Bitcoin investment.

[POPOLUV]

Actually you have just spoken my mind on this selling all his Bitcoin at once, no matter how much money you have accumulated in Bitcoin or outside Bitcoin, and think of selling all Bitcoin is the best way, my brother it is not best way, on my own i see all my investment in Bitcoin as an asset, because Bitcoin is my lifetime investment and selling it in a hurry or anytime soon will never come my mind, i will always hodl the dips in long term, so it is very good to always plan ahead of you future, because once you sell up your Bitcoin temptation of the things you will use the money will come immediately as if it was planned and that will make you to start all over again from the cretch and which it will take along time to accumulate, but selling some parts of the investment when you think is due to sell, you can sell some at of it than selling all, and that is why they thread on buy the dip and hodl was created for it to be refreshing our minds on how we should go about our Bitcoin for those that is still coming up.

The bottom line is that we are investing in Bitcoin and it must have a plan. If you do not have an investment plan, you will never reach your destination, so before investing, you must have a plan, according to the plan, it will be possible to sustain your investment for a long time. Not only the plan, you should keep an emergency fund along with your investment, which emergency fund will protect your investment and sometimes help you buy dips in the DCA method.
You must be experienced and careful about investing, because if you participate in investing carelessly, you will not be able to sustain your investment for a long time. So make yourself more experienced and sustain your investment for a long time, you can invest according to this plan.

Surely in every investment there should be always an emergency fund that will always keep away from touching your main investment and using the the mothed of dollar cost average, it also help me in buying the dip and hodl, such plans have me helping to keep me going during my investment because there this saying that said he failed to plan, plan to failed, so in every successful investor he/she has a strategic or plan  ways that make them to be a good Bitcoiner.

[Tamaperdana]

The bottom line is that we are investing in Bitcoin and it must have a plan. If you do not have an investment plan, you will never reach your destination, so before investing, you must have a plan, according to the plan, it will be possible to sustain your investment for a long time. Not only the plan, you should keep an emergency fund along with your investment, which emergency fund will protect your investment and sometimes help you buy dips in the DCA method.
You must be experienced and careful about investing, because if you participate in investing carelessly, you will not be able to sustain your investment for a long time. So make yourself more experienced and sustain your investment for a long time, you can invest according to this plan.

People who do not have a plan when investing in bitcoin, in my opinion, are just trying to invest. Because when someone is going to invest in bitcoin, of course they must have a plan and must also be mentally and financially prepared. Because if someone invests in bitcoin without a mature plan, why would that person invest in bitcoin? Because what is said to have no plan means that the person does not think about the risk, the capital used, the method of purchase, and the investment time. I think that person will be very dangerous for themselves if they invest in bitcoin. So no matter what, planning is indeed an important start for someone to invest in bitcoin. And the planning does not need to be too complicated, just prepare cold money, determine the purchase method, and intend how long we want to invest and accumulate in bitcoin. Then about emergency funds, I think if this is not yet available when starting to invest, I think we can collect it while we are accumulating in bitcoin

[Derekfunds]

Actually you have just spoken my mind on this selling all his Bitcoin at once, no matter how much money you have accumulated in Bitcoin or outside Bitcoin, and think of selling all Bitcoin is the best way, my brother it is not best way, on my own i see all my investment in Bitcoin as an asset, because Bitcoin is my lifetime investment and selling it in a hurry or anytime soon will never come my mind, i will always hodl the dips in long term, so it is very good to always plan ahead of you future, because once you sell up your Bitcoin temptation of the things you will use the money will come immediately as if it was planned and that will make you to start all over again from the cretch and which it will take along time to accumulate, but selling some parts of the investment when you think is due to sell, you can sell some at of it than selling all, and that is why they thread on buy the dip and hodl was created for it to be refreshing our minds on how we should go about our Bitcoin for those that is still coming up.

The bottom line is that we are investing in Bitcoin and it must have a plan. If you do not have an investment plan, you will never reach your destination, so before investing, you must have a plan, according to the plan, it will be possible to sustain your investment for a long time. Not only the plan, you should keep an emergency fund along with your investment, which emergency fund will protect your investment and sometimes help you buy dips in the DCA method.
You must be experienced and careful about investing, because if you participate in investing carelessly, you will not be able to sustain your investment for a long time. So make yourself more experienced and sustain your investment for a long time, you can invest according to this plan.

Surely in every investment there should be always an emergency fund that will always keep away from touching your main investment and using the the mothed of dollar cost average, it also help me in buying the dip and hodl, such plans have me helping to keep me going during my investment because there this saying that said he failed to plan, plan to failed, so in every successful investor he/she has a strategic or plan  ways that make them to be a good Bitcoiner.

One thing is having emergency fund and the other thing is discipline and determination, I have someone who has an emergency fund but still touches his investment and what that means is lack of discipline and determination. Your emergency funds, discretionary etc will only function well in your investment if you are discipline and determined because it will help you to recognize them but if you are not..., you can not recognize them because you will be so myopic and you won't think outside the box. Planning is the principal thing is any investment, because if you are able to planned out how everything will work for you, your investment will go so smooth regardless of any obstacle.

[FortuneFollower]

Surely in every investment there should be always an emergency fund that will always keep away from touching your main investment and using the the mothed of dollar cost average, it also help me in buying the dip and hodl, such plans have me helping to keep me going during my investment because there this saying that said he failed to plan, plan to failed, so in every successful investor he/she has a strategic or plan  ways that make them to be a good Bitcoiner.

Just keep the income and funds flowing to invest them eventually. Keep on hodling. Rinse and repeat.

[DubemIfedigbo001]

you should keep an emergency fund along with your investment, which emergency fund will protect your investment and sometimes help you buy dips in the DCA method.

I think you should understand that the main and only function of emergency fund is to be an immediate responsive fund in the case of unforseen circumstances, so we don't have to tamper with our portfolio for survival during such moments.
Buying dips isn't an emergency and it's wrong to use your emergency funds to buy dips, it boils down to improper planning and bad cashflow management to buy dips with emergency fund.

What if an emergency comes up at the time you've used your emergency fund to buy the dip? if you don't have enough floating cash to tackle it, then you'll have to tamper with your portfolio for survival which isn't a good practice. Then you'll have to make a bigger error tampering with your portfolio because you failed in simple accumulation ethics which is to reserve emergency funds for real emergencies only.

[wmaurik]

People who do not have a plan when investing in bitcoin, in my opinion, are just trying to invest. Because when someone is going to invest in bitcoin, of course they must have a plan and must also be mentally and financially prepared. Because if someone invests in bitcoin without a mature plan, why would that person invest in bitcoin? Because what is said to have no plan means that the person does not think about the risk, the capital used, the method of purchase, and the investment time. I think that person will be very dangerous for themselves if they invest in bitcoin. So no matter what, planning is indeed an important start for someone to invest in bitcoin. And the planning does not need to be too complicated, just prepare cold money, determine the purchase method, and intend how long we want to invest and accumulate in bitcoin. Then about emergency funds, I think if this is not yet available when starting to invest, I think we can collect it while we are accumulating in bitcoin

Without having a plan in running an investment in Bitcoin, it will be very difficult to be successful in investing and it is very unlikely that they can survive long without first having a strategy to maintain their investment for a long time, but they must also continue to collect these assets consistently, of course it will be better and most importantly the money they use in investing is not needed in the near future. If you think that emergency funds can be collected simultaneously in the process of accumulating Bitcoin, of course you already have a high interest in this investment and I am very sure that if you continue to make purchases consistently, you will certainly be able to achieve your desired investment target.

[ZeroVinsonN]

I don't think it will be a wrong idea if an investor start accumulating bitcoin and at the same while working on his source of income because I don't prioritise waiting.a newbie investors can also decide to cut down on some of his expenses and use the money to invest in bitcoin.There are people who has formed the habits of womanising, clubbing, drinking of alcohols and smoking etc.if an investor decides to quit some bof this habits which I believe he can deal without, and use the money to start accumulating bitcoin.so a newbie who is financially stable can be accumulating bitcoin an at the same while working on his finances.

What you said is also a very good idea for novice investors in Bitcoin who are still struggling to be able to invest regularly in Bitcoin, it is indeed very necessary to avoid spending money that is not important in their lives as long as the habit can be abandoned without having a mental burden. Because from some of the habits you mentioned, they are habits that often spend money uselessly, so it would be very good if the money used for this was used routinely into Bitcoin investments. Meanwhile, other income must be continuously worked on, especially if it is a daily job in collecting money so that some of it can be used to buy Bitcoin so that the number of Bitcoins in the portfolio can increase over time.

I can't argue with this reasoning pattern in any way, most people spend an unnecessary amount of their income on things they can do without, but they spend this money believing that sponsoring this lifestyle is the way to go, this makes investing in bitcoin as a newbie difficult because letting go of the funds for the necessary period of time needed to make good profit out of your investment (4-10 years) becomes unrealistic to them, also the use of discretionary funds for investment is advisable so as not to worry too much about the rise and fall of the market value of bitcoin.
A newbie should also have plans for a steady inflow of cash if they intend to invest in bitcoin, this way the amount of fund invested can be increased either weekly or even monthly depending on how much cash comes in at the end of the day for such person.
Bitcoin investment is too volatile for a person to monitor with an uncertain mindset, this could lead to the person selling their bitcoin at a time when the market value is low out of the fear of losing out and this can/will ultimately lead to them losing out when the price skyrockets.

[tiCeR]

4-5 years or even 10 years in my opinion is the time limit that allows an investor to profit from Bitcoin investment and we must admit this, it's just that the profits obtained are not as satisfying as long-term profits without a certain time limit that will guarantee you will get much greater profits from all that.

Real evidence of the Bitcoin price trail at that time when compared to now has reached 1 and a half decades, the price continues to increase and passes 4-5 and 10 years the price continues to increase. So there is a possibility that such a case will happen again that the price of Bitcoin the longer you hold your assets firmly, the price will continue to increase which will provide much greater profits compared to the profits obtained under 10 years.

And this is often discussed and always in every comment that having discretionary income is a safe way in the investment journey, because discretionary income is the income that remains after paying important costs and basic needs and so on to be used to buy Bitcoin regularly which will not cause problems in your life journey and also your investment. And emergency funds are also needed because we don't know what will happen to us in our life journey, especially in financial matters and when we really need it without involving Bitcoin at all.

It seems pretty short-sighted to me, if a guy spends 4-10 years to invest into bitcoin and then he sells all of his bitcoin.  There is no reason to conclude that selling all of your bitcoin is a good plan, especially if it may have had taken 4-10 years or even longer to build it up.  Some kind of sustainable withdrawal whether price based and/or time based seems more practical rather than selling all of the BTC that had been accumulated.

It sounds short-sighted in various ways because nobody can tell what bitcoin will turn into over a period of 4-10 years. Its purchasing power might go through the roof exponentially from year to year if certain technological advancements fall in place for instance.

There is the next generation underway which will be far more inclined to be dealing digital assets than the grown up generations that have been confronted with bitcoin as an innovation rather than a given. I think that can trigger tremendous adoption effects whereas those generations who have to get accustomed with something brand new, unknown and strange are rather hesitant when it comes to adoption. The same applies to legislative procedues. it has never been likely that the old men running the parliaments around the world (if it is not a dictatorship) would be very happy about bitcoin and pave the way for it to thrive as much as possible. But the next generation of policticians perhaps have a totally different stance on bitcoin.

All these developments and changes that are underway suggest that this is a long-term investment asset as there are many things down the road which will have an impact.

[SuperBitMan]

Actually you have just spoken my mind on this selling all his Bitcoin at once, no matter how much money you have accumulated in Bitcoin or outside Bitcoin, and think of selling all Bitcoin is the best way, my brother it is not best way, on my own i see all my investment in Bitcoin as an asset, because Bitcoin is my lifetime investment and selling it in a hurry or anytime soon will never come my mind, i will always hodl the dips in long term, so it is very good to always plan ahead of you future, because once you sell up your Bitcoin temptation of the things you will use the money will come immediately as if it was planned and that will make you to start all over again from the cretch and which it will take along time to accumulate, but selling some parts of the investment when you think is due to sell, you can sell some at of it than selling all, and that is why they thread on buy the dip and hodl was created for it to be refreshing our minds on how we should go about our Bitcoin for those that is still coming up.

The bottom line is that we are investing in Bitcoin and it must have a plan. If you do not have an investment plan, you will never reach your destination, so before investing, you must have a plan, according to the plan, it will be possible to sustain your investment for a long time. Not only the plan, you should keep an emergency fund along with your investment, which emergency fund will protect your investment and sometimes help you buy dips in the DCA method.
You must be experienced and careful about investing, because if you participate in investing carelessly, you will not be able to sustain your investment for a long time. So make yourself more experienced and sustain your investment for a long time, you can invest according to this plan.

Surely in every investment there should be always an emergency fund that will always keep away from touching your main investment and using the the mothed of dollar cost average, it also help me in buying the dip and hodl, such plans have me helping to keep me going during my investment because there this saying that said he failed to plan, plan to failed, so in every successful investor he/she has a strategic or plan  ways that make them to be a good Bitcoiner.

One thing is having emergency fund and the other thing is discipline and determination, I have someone who has an emergency fund but still touches his investment and what that means is lack of discipline and determination. Your emergency funds, discretionary etc will only function well in your investment if you are discipline and determined because it will help you to recognize them but if you are not..., you can not recognize them because you will be so myopic and you won't think outside the box. Planning is the principal thing is any investment, because if you are able to planned out how everything will work for you, your investment will go so smooth regardless of any obstacle.

You are right we always talk about having an emergency funds and other backup funds forgetting that without determination and discipline we will still exhaust them all, if you have a very strong backup funds and a good discretionary income and you don't have discipline on spending you will still dip hands into your Bitcoin investment because you will find yourself spending all your backups funds on unnecessary things, so it is very important we have discipline and a good management skill in other to succeed in our Bitcoin investment.

Well in other to succeed in our Bitcoin investment is it important we have this characters in us which are.
1. Determination.
We most first have the determination to grow and succeed in our Bitcoin investment journey, if we have this determination to succeed we will actually succeed.
2. Discipline.
We need to be very discipline let's not spend our money anyhow write down a plan on how to spend your salary for the week or month and let any emergency that comes up be taken care by your emergency funds.
3. Patience and consistency.
We all know that Bitcoin investment is not a Ponzi scheme where they tell you to invest today and get your profit return in a week time, Bitcoin investment takes time so you most have patient and you most also be consistent in accumulating.

[Sticky Bomb]

Bitcoin investment is too volatile for a person to monitor with an uncertain mindset, this could lead to the person selling their bitcoin at a time when the market value is low out of the fear of losing out and this can/will ultimately lead to them losing out when the price skyrockets.

When the price skyrockets isn't a time to take profits if your accumulation target and/or holding period has not been reached, remember Bitcoin is an investment for a long-term and targeting the bull run as a benchmark for success or harvesting is trading and not necessarily investment. I think they would lose out instead to get Bitcoin at a cheaper price. Even if the price skyrockets, there's still a chance to accumulate at the point they decide to get actionable, but the good prices are lost and they would get lesser quantities for same amounts compared to bigger quantities they would've got at the same price of they've started now to take action and embark on their accumulation journey.

Funny enough they may become redundant to take action when it's obvious to them that they failed in their gambling with Bitcoin price and may entirely miss out investing into Bitcoin. Waiting is detrimental, but being actionable in your Bitcoin involvement is the key to success in Bitcoin.

[Olatundespo]

Actually you have just spoken my mind on this selling all his Bitcoin at once, no matter how much money you have accumulated in Bitcoin or outside Bitcoin, and think of selling all Bitcoin is the best way, my brother it is not best way, on my own i see all my investment in Bitcoin as an asset, because Bitcoin is my lifetime investment and selling it in a hurry or anytime soon will never come my mind, i will always hodl the dips in long term, so it is very good to always plan ahead of you future, because once you sell up your Bitcoin temptation of the things you will use the money will come immediately as if it was planned and that will make you to start all over again from the cretch and which it will take along time to accumulate, but selling some parts of the investment when you think is due to sell, you can sell some at of it than selling all, and that is why they thread on buy the dip and hodl was created for it to be refreshing our minds on how we should go about our Bitcoin for those that is still coming up.

The bottom line is that we are investing in Bitcoin and it must have a plan. If you do not have an investment plan, you will never reach your destination, so before investing, you must have a plan, according to the plan, it will be possible to sustain your investment for a long time. Not only the plan, you should keep an emergency fund along with your investment, which emergency fund will protect your investment and sometimes help you buy dips in the DCA method.
You must be experienced and careful about investing, because if you participate in investing carelessly, you will not be able to sustain your investment for a long time. So make yourself more experienced and sustain your investment for a long time, you can invest according to this plan.

Surely in every investment there should be always an emergency fund that will always keep away from touching your main investment and using the the mothed of dollar cost average, it also help me in buying the dip and hodl, such plans have me helping to keep me going during my investment because there this saying that said he failed to plan, plan to failed, so in every successful investor he/she has a strategic or plan  ways that make them to be a good Bitcoiner.

The main purpose of an emergency fund is to carry Bitcoin investments for the long term and hold more as the price rises or downtrend. Some investors use emergency funds to buy more during a bear market, and I think it would be a best to invest if they refund later. Also keep the discretionary funds allocated for savings intact. The need for floating cash for your own macroeconomic needs and the effort to increase the size of the emergency fund for the long term.
The opinion that you always give for the need for an emergency fund in each investment can be minimized in sometime according to your own capacity. For example if a new investor is at the stage of starting to accumulation Bitcoin and may not have emergency funds he will still focus on starting his savings and gradually build up the emergency fund with increase his Bitcoin holdings over time.

[asarfiar]

Bitcoin investment is too volatile for a person to monitor with an uncertain mindset, this could lead to the person selling their bitcoin at a time when the market value is low out of the fear of losing out and this can/will ultimately lead to them losing out when the price skyrockets.

When the price skyrockets isn't a time to take profits if your accumulation target and/or holding period has not been reached, remember Bitcoin is an investment for a long-term and targeting the bull run as a benchmark for success or harvesting is trading and not necessarily investment. I think they would lose out instead to get Bitcoin at a cheaper price. Even if the price skyrockets, there's still a chance to accumulate at the point they decide to get actionable, but the good prices are lost and they would get lesser quantities for same amounts compared to bigger quantities they would've got at the same price of they've started now to take action and embark on their accumulation journey.

Funny enough they may become redundant to take action when it's obvious to them that they failed in their gambling with Bitcoin price and may entirely miss out investing into Bitcoin. Waiting is detrimental, but being actionable in your Bitcoin involvement is the key to success in Bitcoin.

Short -term investment is at risk, whether it is high or low. This is the main thing that you are properly trading in what season. There are many people who want to use the talent of savings for a long time but I noticed that if the Bitcoin market sees high trends, they break their savings. Those who invest in Bitcoin 10 years ago from today, left the biggest whale in their money bag and they were the best in their private bank.

 You may have seen some investors properly trade but on the other hand, they have failed to use the trade properly in frustration again. I think they only do this to take advantage, but it can be a bit more profitable, but keeping in a long time they do not consider the aspect that is likely to move 3-5 steps. Bitcoin changes prices while adding each ATH. So we should invest for a long time and make your own portfolio.

[Frankolala]

Actually you have just spoken my mind on this selling all his Bitcoin at once, no matter how much money you have accumulated in Bitcoin or outside Bitcoin, and think of selling all Bitcoin is the best way, my brother it is not best way, on my own i see all my investment in Bitcoin as an asset, because Bitcoin is my lifetime investment and selling it in a hurry or anytime soon will never come my mind, i will always hodl the dips in long term, so it is very good to always plan ahead of you future, because once you sell up your Bitcoin temptation of the things you will use the money will come immediately as if it was planned and that will make you to start all over again from the cretch and which it will take along time to accumulate, but selling some parts of the investment when you think is due to sell, you can sell some at of it than selling all, and that is why they thread on buy the dip and hodl was created for it to be refreshing our minds on how we should go about our Bitcoin for those that is still coming up.

The bottom line is that we are investing in Bitcoin and it must have a plan. If you do not have an investment plan, you will never reach your destination, so before investing, you must have a plan, according to the plan, it will be possible to sustain your investment for a long time. Not only the plan, you should keep an emergency fund along with your investment, which emergency fund will protect your investment and sometimes help you buy dips in the DCA method.
You must be experienced and careful about investing, because if you participate in investing carelessly, you will not be able to sustain your investment for a long time. So make yourself more experienced and sustain your investment for a long time, you can invest according to this plan.

Surely in every investment there should be always an emergency fund that will always keep away from touching your main investment and using the the mothed of dollar cost average, it also help me in buying the dip and hodl, such plans have me helping to keep me going during my investment because there this saying that said he failed to plan, plan to failed, so in every successful investor he/she has a strategic or plan  ways that make them to be a good Bitcoiner.

One thing is having emergency fund and the other thing is discipline and determination, I have someone who has an emergency fund but still touches his investment and what that means is lack of discipline and determination. Your emergency funds, discretionary etc will only function well in your investment if you are discipline and determined because it will help you to recognize them but if you are not..., you can not recognize them because you will be so myopic and you won't think outside the box. Planning is the principal thing is any investment, because if you are able to planned out how everything will work for you, your investment will go so smooth regardless of any obstacle.

Cashflow management is very important for a long-term bitcoin investor, because if you lack how to manage your income and discretionary income, you will use more than the amount that will enable you buy regularly every week with consistent and persistent for 4-10 years and above without selling. Emergency funds is not a guarantee for you not to dip your hands into your bitcoin investment when you over invest aggressively or when you use more than your discretionary income to buy bitcoin.

It's when everything is done properly and you are buying bitcoin with only part of your discretionary income in the right way, is when your emergency funds will save you from selling your bitcoin investment when it's not of your will due to unforeseen circumstances. I feel that you friend is investing with the amount that he cannot afford to lose which is why he's still selling part of his bitcoin to meet up with his needs, and that's gambling. He should trim down his expenses or get a second means of income if he doesn't have discipline on staying away from selling his bitcoin.

I also feel that your friend is not taking increasing his bitcoin regularly as his priority, if not he would look for a means to overcome what is making him to sell his bitcoin, if not he will end up selling almost everything without seeing anything wrong in his actions, because he has lost his focus as a long term investor and turned to trader/gambler.

[Samlucky O]

Actually you have just spoken my mind on this selling all his Bitcoin at once, no matter how much money you have accumulated in Bitcoin or outside Bitcoin, and think of selling all Bitcoin is the best way, my brother it is not best way, on my own i see all my investment in Bitcoin as an asset, because Bitcoin is my lifetime investment and selling it in a hurry or anytime soon will never come my mind, i will always hodl the dips in long term, so it is very good to always plan ahead of you future, because once you sell up your Bitcoin temptation of the things you will use the money will come immediately as if it was planned and that will make you to start all over again from the cretch and which it will take along time to accumulate, but selling some parts of the investment when you think is due to sell, you can sell some at of it than selling all, and that is why they thread on buy the dip and hodl was created for it to be refreshing our minds on how we should go about our Bitcoin for those that is still coming up.

Snip.

Snip

The main purpose of an emergency fund is to carry Bitcoin investments for the long term and hold more as the price rises or downtrend.

I don't understand what you mean when you said emergency fund is to carry Bitcoin investment for a long run, surely emergency fund serve the purpose of emergency as the name implies.  This means that if any emergency occure, the emergency fund will be used to sort out this issues to avoid selling Bitcoin too quickly before the speculated time frame or horizon.

Some investors use emergency funds to buy more during a bear market,

I can't argue that, but it's not a good practice. That most people are doing the wrong thing does not make it right. There could be times when a Bitcoin investor may be slacking in his discretion fund and instead of selling their Bitcoin HODLing, they will use the emergency fund and replace it later. But it is not a good practice because if a person surely continue, he may see noo need to continue with emergency fund since it looks like it is non functional and may decide to stop setting aside emergency fund.

[philipma1957]

I have two sets of funds.

One for buying dip

One for real issues whatever those issues are.


Today I purchased dip.

[tiCeR]

I have two sets of funds.

One for buying dip

One for real issues whatever those issues are.


Today I purchased dip.

What if buying the dip turns into a real issue? Which account are you using then or justify to make use of?

This was just a joke of course as I wanted to point out that feeling the urge to buy more bitcoin comes up very often for me.

[Futurexxx]

Actually you have just spoken my mind on this selling all his Bitcoin at once, no matter how much money you have accumulated in Bitcoin or outside Bitcoin, and think of selling all Bitcoin is the best way, my brother it is not best way, on my own i see all my investment in Bitcoin as an asset, because Bitcoin is my lifetime investment and selling it in a hurry or anytime soon will never come my mind, i will always hodl the dips in long term, so it is very good to always plan ahead of you future, because once you sell up your Bitcoin temptation of the things you will use the money will come immediately as if it was planned and that will make you to start all over again from the cretch and which it will take along time to accumulate, but selling some parts of the investment when you think is due to sell, you can sell some at of it than selling all, and that is why they thread on buy the dip and hodl was created for it to be refreshing our minds on how we should go about our Bitcoin for those that is still coming up.

The bottom line is that we are investing in Bitcoin and it must have a plan. If you do not have an investment plan, you will never reach your destination, so before investing, you must have a plan, according to the plan, it will be possible to sustain your investment for a long time. Not only the plan, you should keep an emergency fund along with your investment, which emergency fund will protect your investment and sometimes help you buy dips in the DCA method.
You must be experienced and careful about investing, because if you participate in investing carelessly, you will not be able to sustain your investment for a long time. So make yourself more experienced and sustain your investment for a long time, you can invest according to this plan.

Surely in every investment there should be always an emergency fund that will always keep away from touching your main investment and using the the mothed of dollar cost average, it also help me in buying the dip and hodl, such plans have me helping to keep me going during my investment because there this saying that said he failed to plan, plan to failed, so in every successful investor he/she has a strategic or plan  ways that make them to be a good Bitcoiner.

The main purpose of an emergency fund is to carry Bitcoin investments for the long term and hold more as the price rises or downtrend. Some investors use emergency funds to buy more during a bear market, and I think it would be a best to invest if they refund later.

This is very wrong, emergency funds is not meant for investing or buying the dip as you are saying, if you don't have the leverage to buy aggressively during the dip, it's best you let it slide, because by investing with your emergency funds, you are like removing the only protection of your Bitcoin holdings in that period of time that you haven't replaced it. I don't think that Bitcoin is running away anytime soon, so why do something that may put your holdings in serious form of risk, because anything can happen in that time that you have not replaced the emergency funds that you used to invest, I prefer staying on the safer side and wait till I have the leverage to buy aggressively than to hurry and put my holdings in a very dangerous position.

[Mayor of ogba]

Someone can start Bitcoin investment with only fundamental knowledge. Later on, they can further their understanding of Bitcoin. The basic knowledge needed is that Bitcoin investment is to know that bitcoin a volatile asset. Secondly, one should know how and where to buy Bitcoin to avoid scammers and understand the concept of wallets for investment.

With that knowledge, I believe it is okay to start Bitcoin investment. Waiting for deep knowledge about Bitcoin should be a gradual process, as waiting too long could lead to missed opportunities. I feel that trying to gain comprehensive knowledge before starting often makes people hesitate or give up on investing in Bitcoin.

However, if someone begins investing in Bitcoin with basic knowledge, it can motivate them to learn more about it. One crucial thing people should remember is to invest only what they can afford to lose. This mindset helps them avoid panic if Bitcoin decreases in price. Since the money invested is affordable to lose, it reduces fear and allows them to handle the risks better.On the other hand, even with proper knowledge, if someone invests more than they can afford to lose, they may panic and sell some or all of their Bitcoin during a price dip.

Another thing is people wanting to take profits quicker than necessary, Why Discretionary money (money you can afford to lose) is advised is so you can leave your investments atleast 4-5years without having to worry about their money..

Bitcoin is more like a long term investment, so anyone putting his/her emergency fund is just taking a big risk, and it’s more like gambling which is not advisable coz when there’s an eventual emergency it becomes a crisis for the investor.

There is no guarantee that you will be able to profit from Bitcoin investment within 4-5 years, and even after 10 years, Bitcoin cannot guarantee profit. But based on the possibility, if someone can hold it for a long time, then he can get several times more than his investment. In terms of bitcoin investment, the investor is definitely advised to use a discretionary income so that he can continue his investment without any obstacles in the long term. And if an emergency fund is kept in any situation, the investor can hold his assets for a long time. Many investors may decide to use Bitcoin for any reason before reaching their intended destination. When the investor forms an emergency fund, he will be able to control those situations and can continuing his bitcoin investment without hindrance.

4-5 years or even 10 years in my opinion is the time limit that allows an investor to profit from Bitcoin investment and we must admit this, it's just that the profits obtained are not as satisfying as long-term profits without a certain time limit that will guarantee you will get much greater profits from all that.

Real evidence of the Bitcoin price trail at that time when compared to now has reached 1 and a half decades, the price continues to increase and passes 4-5 and 10 years the price continues to increase. So there is a possibility that such a case will happen again that the price of Bitcoin the longer you hold your assets firmly, the price will continue to increase which will provide much greater profits compared to the profits obtained under 10 years.

And this is often discussed and always in every comment that having discretionary income is a safe way in the investment journey, because discretionary income is the income that remains after paying important costs and basic needs and so on to be used to buy Bitcoin regularly which will not cause problems in your life journey and also your investment. And emergency funds are also needed because we don't know what will happen to us in our life journey, especially in financial matters and when we really need it without involving Bitcoin at all.

It seems pretty short-sighted to me, if a guy spends 4-10 years to invest into bitcoin and then he sells all of his bitcoin.  There is no reason to conclude that selling all of your bitcoin is a good plan, especially if it may have had taken 4-10 years or even longer to build it up.  Some kind of sustainable withdrawal whether price based and/or time based seems more practical rather than selling all of the BTC that had been accumulated.

I totally agree with you here. It doesn't make sense when an investor has gone through all the ups and downs for over 10 years holding their Bitcoin only to end up selling all for what. If they had made an enough profit over years, they should have taken the profits gradually making sure they still have enough Bitcoin in their portfolio to keep the investment ongoing. I expect every investor that has gone through 2 cycles of Bitcoin to be smart enough to know that Bitcoin is higher over time by now they should have known that.

Wealth is not just build buying and selling what we invest in. If we can manage our investment when it has grown we will gain wealth. But selling off all completely will only take us away from the game. However, in as much as we do know the disadvantages of not selling all our investment some investors will still make the mistake thinking they have seen the highest profit when they can get more over years and take profit gradually.

It is a better strategy taking profits after hodling for 4-5 years of your bitcoin accumulation. For at least over the next 4-5 years again. Investment is supposed to be continuous at all time.

I am certain you are accumulating bitcoin with the DCA strategy, and for that reason, you will still be in your accumulation journey in the next 4-5 years. It is not wise or advisable for you to sell your bitcoin because you will probably not yet achieve the quantity of bitcoin you want to accumulate in the next 4-5 years, and you can possibly sell your bitcoin at a loss if you go ahead with that decision unless you are chasing short-term profit on bitcoin. You are gambling with your bitcoin if you want to sell your bitcoin that took you time to accumulate with the idea of reinvesting your money in bitcoin, because you can be distracted with the problem of this life, and you will not even remember or be bothered to reinvest your money in bitcoin again.

[Joy- maker]

I have two sets of funds.

One for buying dip

One for real issues whatever those issues are.


Today I purchased dip.

having too set of funds to buy the DIP and to settle real issues when they arise is also a good idea, for those rich investors who have steady flow of income coming in, but for investors who are still new to bitcoin investment, who don't have steady flow of income but are earning weekly or monthly from their works shouldn't buy that Idea of have two separate funds one for buying the DIP the other one for real issues.

The best way is to accumulate bitcoin with your discretionary income using the DCA method with consistency of buying bitcoin weekly or monthly, and stay commitmented to your accumulating strategy for you we still accumulate a good portion of bitcoin without buying the DIP.

Buying the DIP should not be a problem to a newbie who is just starting his or her bitcoin accumulating journey, buy with DCA and leave the DIP, when you have accumulated good portion of bitcoin you can buy the DIP if you want to.