Buy Buy Buy or Sell Sell Sell?

[BitBakerr1]

Anyone who wants to venture into bitcoin should look at the long run, one should know it's an investment and investments are for the future, you shouldn't be bothered about the current price of bitcoin if u want to invest and targeting to make reasonable profit out of your investment because bitcoin definitely has a great potential for the future. We have seen how it has grown from nothing to the price it's now and it won't even stop rising so everyone should just target the future.
If you're a bitcoin trader that buys when the price drops and  sell when it rises you should also be able to make long term plans too you can buy and sell, you should also buy to hold too because no one can predict the market.

Buying and selling of bitcoin is not the Better way to go about bitcoin investment because you might sell at lost, bitcoin investment is a long time you can start buying bitcoin using the dca strategy and hodl for 4-10 using your discretionary Income, as a new investor you shouldn't think of selling your bitcoin instead your main focus is how you should be able to buy stack more bitcoin.
Those who buy and sell bitcoin are traders and not investors and investor will reap from his long time investment because his bought good size of bitcoin to his portfolio while trader will run at big loss.

If I understood what Big_ panda is saying, I think he is suggesting diversification of having a trading account and investment account in Bitcoin that is where he saying that those buying and selling Bitcoin for short term should also be buying and holding for long term, on this note I will say if at all anyone will be considering diversification in their ongoing Bitcoin investment, it will be better they look out for anything not related to Bitcoin, and it will be more better than investing in Bitcoin and at the same time being a Bitcoin trader, trading Bitcoin can be time consuming and can lead to vulnerability of impulsive decision making, focusing solely on Bitcoin investment will be more better than being a trader and at the time being an investor because investing is less stressful to deal with and accessible. We need to be focused than getting distracted with trading.

For me the only advise I will give to someone who is an investor and also wants to get involve in trading is that he should use only 1 percent of his or her discretionary income to do the trading and use the remaining percentage for buying and holding Bitcoin for long term the reason why I'm saying this is because of the high risk involved in trading but using 1 percent from your Discretionary income won't affect you if anything should go wrong this is just my advice except you value trading more than holding for long term, however I will not forget to mention one possible risk or problem that may arise if as an investor you are also engaging in trading which is dipping hands into your Bitcoin investment, as an investor which is also trading you may be losing in your trade and maybe because you feel you can get back all the money you lost you may have no option but to dip hands into the Bitcoin you want to hold for long term especially if you have run out of funds and you may also end up losing it so in what ever you are doing think about what you may gain and may lose.

[SOKO-DEKE]

Is not wrong when you have the capacity to make it happen for the profit to come quickly

Once someone starts thinking they can make a quick profit from Bitcoin investment, they will not be called an investor but rather a trader. This is because only traders always have the mindset of making it happen quickly, while investors don’t usually have that type of mindset but focus on how they will continue accumulating.to be honest, once someone wants to make quick money from Bitcoin, they are setting a trap for themselves and at end they will fall on the trap. This mindset often leads to losing funds easily.The best approach is to invest and be ready to hold your Bitcoin for the long term because a long term perspective looks promising, given that Bitcoin price is expected to go higher over time. Many people have lost money in Bitcoin simply because they tried to outsmart the market and make quick profits, but it didn’t work as they had planned.

[Fara Chan]

You cannot decide to trade bitcoin without learning the required skills that will aid you in knowing how to trade bitcoin, and if you learn the skills, there is no guarantee you will succeed in trading bitcoin. If you want to trade bitcoin and accumulate bitcoin with a long-term vision at the same time, you are gambling with your bitcoin. When you lose your trade, you will be open to selling your long-term bitcoin to continue to live. But if you only invest in bitcoin with a long-term vision, you won't be open to selling your bitcoin, so it is wise to only invest in bitcoin with a long-term vision if you want to succeed in bitcoin investment.

Although what you said is a very correct option and also logical enough for everyone to understand, we also cannot force a trader to stop his trade even though what he trades is Bitcoin. Because for him it may be something he really likes and is also a comfortable way for him to make a profit so that the person will continue to do it without caring about the advice of others. While investors are also like that where they will not bring the Bitcoin they have bought into trading because their own goal is to increase the number of Bitcoins into their own investment portfolio. So you also have to see someone's preferences when they want to give more brilliant ideas even though every good idea must be truly appreciated more wisely because it is for your own good.

[Jewan420]

You cannot decide to trade bitcoin without learning the required skills that will aid you in knowing how to trade bitcoin, and if you learn the skills, there is no guarantee you will succeed in trading bitcoin. If you want to trade bitcoin and accumulate bitcoin with a long-term vision at the same time, you are gambling with your bitcoin. When you lose your trade, you will be open to selling your long-term bitcoin to continue to live. But if you only invest in bitcoin with a long-term vision, you won't be open to selling your bitcoin, so it is wise to only invest in bitcoin with a long-term vision if you want to succeed in bitcoin investment.

Although what you said is a very correct option and also logical enough for everyone to understand, we also cannot force a trader to stop his trade even though what he trades is Bitcoin. Because for him it may be something he really likes and is also a comfortable way for him to make a profit so that the person will continue to do it without caring about the advice of others. While investors are also like that where they will not bring the Bitcoin they have bought into trading because their own goal is to increase the number of Bitcoins into their own investment portfolio. So you also have to see someone's preferences when they want to give more brilliant ideas even though every good idea must be truly appreciated more wisely because it is for your own good.

If a person can manage investment and trading separately, then I do not consider it negative. A person can have his own choice, if an investor can manage both positions clearly or without linking the two things, then we cannot force him to stop trading in any way. We also have to pay attention to personal freedom and respect personal freedom. If he can manage trading and investment in a disciplined manner and can manage investment without negative impact of trade on investment, then I will leave it to his freedom.

But a person who does not control his emotions and confuses both things by combining trading and investing, then I will advise him to choose one of them. In this case, I will put only investment in the list of recommendations. Because I will never advise anyone to enter into a risky activity like trading.

[Humblevirus]

For me the only advise I will give to someone who is an investor and also wants to get involve in trading is that he should use only 1 percent of his or her discretionary income to do the trading and use the remaining percentage for buying and holding Bitcoin for long term the reason why I'm saying this is because of the high risk involved in trading but using 1 percent from your Discretionary income won't affect you if anything should go wrong this is just my advice except you value trading more than holding for long term, however I will not forget to mention one possible risk or problem that may arise if as an investor you are also engaging in trading which is dipping hands into your Bitcoin investment, as an investor which is also trading you may be losing in your trade and maybe because you feel you can get back all the money you lost you may have no option but to dip hands into the Bitcoin you want to hold for long term especially if you have run out of funds and you may also end up losing it so in what ever you are doing think about what you may gain and may lose.

Any investor should not try to be a trader. If not, it is possible that they will likely lose what they have gathered for so long. Don't try to join trading with investment that is too risky. Some people have tried it before, but they later ended in tears as they lost the funds they had in their wallets.let us not be too smart about the Bitcoin market and try to make things work by force, like attempting to make quick profits. Bitcoin can always lead someone to take wrong decisions from time to time, which will surely lead to losses in the end.

As you have said, once someone is trying to play the smartest by involving themselves in both trading and investment, no matter how they make the decision, once they lose their trading funds, they will surely attempt to trade with their investment funds. Gradually, it is possible they will still lose everything they have gathered in their investment wallet.

[JayJuanGee]

Lastly, when it comes to holding and what we perceive as long term, it might be interpreted in different ways by anyone, but I believe that the ideal timeframe to term your investment as a long term investment is from three circles upward, even though I believe that most people might have different opinion, but holding just for a circle is actually not long term in my own point of view.

I would think that if someone might spend a whole cycle merely accumulating bitcoin, then after his first cycle in bitcoin, he is going to have some coins that he bought 4 years ago, others 3 years ago, others 2 years ago and others 1 year and less ago.

So the age of his coins are likely going to require him to continue to hold the more recently purchased ones for 4 years or longer just to meet the minimum time threshold.

Surely there is some value towards holding more than one cycle and perhaps even three cycles since it maybe take more than a whole cycle to merely accumulate a quantity of bitcoin that starts to feel as if it might be enough bitcoin or more than enough bitcoin, as I mentioned in another one of my posts from earlier today, sometimes even if we are aggressively accumulating bitcoin for 4 years, we still might not quite have enough bitcoin, even though surely if we invest something like 25% of our yearly income into bitcoin, then after 4 years, we would have had invested right around a whole year of our income into bitcoin.

[Gost ms]

Is not wrong when you have the capacity to make it happen for the profit to come quickly

Once someone starts thinking they can make a quick profit from Bitcoin investment, they will not be called an investor but rather a trader. This is because only traders always have the mindset of making it happen quickly, while investors don’t usually have that type of mindset but focus on how they will continue accumulating.to be honest, once someone wants to make quick money from Bitcoin, they are setting a trap for themselves and at end they will fall on the trap. This mindset often leads to losing funds easily.The best approach is to invest and be ready to hold your Bitcoin for the long term because a long term perspective looks promising, given that Bitcoin price is expected to go higher over time. Many people have lost money in Bitcoin simply because they tried to outsmart the market and make quick profits, but it didn’t work as they had planned.

There are many people who are impatient, and they do not get the money they want from their investments and they sell their investments. Then they go for short-term investments in the hope of getting rich quickly, and within a few days they lose their capital and face huge losses. You have to be patient when investing. When you exceed the time limit of your investment, you have benefited more than a short-term investor or trader.

[Futurexxx]

Is not wrong when you have the capacity to make it happen for the profit to come quickly

Once someone starts thinking they can make a quick profit from Bitcoin investment, they will not be called an investor but rather a trader. This is because only traders always have the mindset of making it happen quickly, while investors don’t usually have that type of mindset but focus on how they will continue accumulating.to be honest, once someone wants to make quick money from Bitcoin, they are setting a trap for themselves and at end they will fall on the trap. This mindset often leads to losing funds easily.The best approach is to invest and be ready to hold your Bitcoin for the long term because a long term perspective looks promising, given that Bitcoin price is expected to go higher over time. Many people have lost money in Bitcoin simply because they tried to outsmart the market and make quick profits, but it didn’t work as they had planned.

There are many people who are impatient, and they do not get the money they want from their investments and they sell their investments. Then they go for short-term investments in the hope of getting rich quickly, and within a few days they lose their capital and face huge losses. You have to be patient when investing. When you exceed the time limit of your investment, you have benefited more than a short-term investor or trader.

I don't think that it all about patience, almost all long term investor are very patience to hold for a very long period of time, but patience alone is not enough when it comes to Bitcoin investment, the key thing about investment in Bitcoin is putting down measures in place that will help you to be able to hold for a very long time, without you tempering with your holdings when it's not the right time to sell your asset, because if their is no source of income or an emergency funds that can stand as a shield against any unforseen circumstances that may arise in the future, you might sell when being faced with serious financial crisis, so in as much as patience is important, but it's can't be implemented perfectly well without having a source of income and an emergency funds that helps your investment out during emergency situations in the future.

[Derekfunds]

Is not wrong when you have the capacity to make it happen for the profit to come quickly

Once someone starts thinking they can make a quick profit from Bitcoin investment, they will not be called an investor but rather a trader. This is because only traders always have the mindset of making it happen quickly, while investors don’t usually have that type of mindset but focus on how they will continue accumulating.to be honest, once someone wants to make quick money from Bitcoin, they are setting a trap for themselves and at end they will fall on the trap. This mindset often leads to losing funds easily.The best approach is to invest and be ready to hold your Bitcoin for the long term because a long term perspective looks promising, given that Bitcoin price is expected to go higher over time. Many people have lost money in Bitcoin simply because they tried to outsmart the market and make quick profits, but it didn’t work as they had planned.

There are many people who are impatient, and they do not get the money they want from their investments and they sell their investments. Then they go for short-term investments in the hope of getting rich quickly, and within a few days they lose their capital and face huge losses. You have to be patient when investing. When you exceed the time limit of your investment, you have benefited more than a short-term investor or trader.

The people you called impatient are traders and they are just after the short term profit which is not even certain that they will make it. Whenever they place a trade and the market is not going as planned they will be tempted to sell it even if they are at loss, so I keep asking instead of doing that ( selling at loss when the market didn't go as planned) why not just buy Bitcoin using the DCA method and hold it for a long term since we have already seen the potential of Bitcoin and stop giving themselves unnecessary pressure and if you calculate accumulating Bitcoin and holding it for 5-10 years and trading from same number of years you will see that the profit of the person accumulating and holding will have, will be way higher than someone that is trading and funny enough is not like they ( trader ) don't know, they knew but they are just interested in becoming rich overnight.

[I_Anime]

Many of us likely recall in 2023 how we spent so much time in the $20ks, and that is not even that long ago, yet right now, I doubt that there are very many folks who are in any way educated about bitcoin who believe that we are going to back to having any abilities to buy bitcoin in the $20ks, and we were in those sub $30k prices for well over a year and a half, if we also count the time in 2022 that we were there.

When we were in the $20ks during that time, there were quite a few folks fantasizing about sub $10k, and surely many of us realized that the sub $10k train had already left the station.. and in 2018, 2019 and even into 2020, there were so many folks fantasizing about going back to $1k and $2k prices, which also ended  up being fantasy prices - and the story repeats, and there are even more historical examples of similar phenomena in which low coiners and no coiners are fantasizing about lower prices rather than doing what they can to consistently, persistently and ongoingly stack sats.

That’s true and many won’t still learn from the past event , they keep having the mindset of thinking that bitcoin is going fall back to $20k for them to purchase , and the funny thing is that if they keep up with such mindset they will later regret it saying ‘had I known I would’ have took action fast when I had the chance.

And I also had same regret then that I would have focus on bitcoin then when I was still new to the crypto space rather I was playing with different token wave thinking I could make something good from it without any solid knowledge, but still am still happy that I took actions year back to start my bitcoin accumulation, is better to be a low coiner ( that’s still building ) than to be a no coiner that have not started at all.

[JayJuanGee]

[edited out]

but still am still happy that I took actions year back to start my bitcoin accumulation, is better to be a low coiner ( that’s still building ) than to be a no coiner that have not started at all.

Yep.. we cannot turn back the clocks, and we also cannot overly try to make up for the time that we lost when we were either distracted into other things or that we were failing/refusing to be as aggressively towards accumulating our bitcoin as we could have had been.

We can, however, attempt to increase our current level of aggressiveness in order to be as aggressive as we can without going overboard.. so a BIG test can remain figuring out that balance, since we will not necessarily recognize that we had gone overboard until some kind of an event happens that causes us to need liquidity (such as cash), and if we had overly invested into bitcoin without having sufficient back up funds and/or an emergency fund, then we may well realize that we had overdone it, and we need to fix our practices so that we do not make similar mistakes in the future.

Many times we will see that we have many small level mistakes that do not cause a lot of damage, and so hopefully we are able to learn from smaller level mistakes so that we do not end up making larger level mistakes.  Of course, the worst kinds of mistakes would be ones that end up causing us to sell most if not all of our bitcoin at a time that is not of our own choosing and one which we are not able to recover from (and that we could have had mitigated or completely prevented by engaging in stronger cashflow management practices, such as having backup funds and/or an emergency fund).

Hopefully we can figure out how to invest aggressively into bitcoin without ever having to dip into our emergency fund, and/or dipping into our emergency fund ends up being a rare occurrence, and perhaps dipping into our emergency fund is not needed for 20 years or more...even though maybe when we are in the earlier years of our investment we are still building our emergency fund and trying to find a comfortable balance, since many times if investments are not overly volatile, we do not need any emergency fund, yet with bitcoin's likely ongoing level of volatility, there tends to be needs to control and manage our bitcoin investment by also maintaining an emergency fund and/or other back up funds.

[I_Anime]

[edited out]

but still am still happy that I took actions year back to start my bitcoin accumulation, is better to be a low coiner ( that’s still building ) than to be a no coiner that have not started at all.

Yep.. we cannot turn back the clocks, and we also cannot overly try to make up for the time that we lost when we were either distracted into other things or that we were failing/refusing to be as aggressively towards accumulating our bitcoin as we could have had been.

We can, however, attempt to increase our current level of aggressiveness in order to be as aggressive as we can without going overboard.. so a BIG test can remain figuring out that balance, since we will not necessarily recognize that we had gone overboard until some kind of an event happens that causes us to need liquidity (such as cash), and if we had overly invested into bitcoin without having sufficient back up funds and/or an emergency fund, then we may well realize that we had overdone it, and we need to fix our practices so that we do not make similar mistakes in the future.

Many times we will see that we have many small level mistakes that do not cause a lot of damage, and so hopefully we are able to learn from smaller level mistakes so that we do not end up making larger level mistakes.  Of course, the worst kinds of mistakes would be ones that end up causing us to sell most if not all of our bitcoin at a time that is not of our own choosing and one which we are not able to recover from (and that we could have had mitigated or completely prevented by engaging in stronger cashflow management practices, such as having backup funds and/or an emergency fund).

Hopefully we can figure out how to invest aggressively into bitcoin without ever having to dip into our emergency fund, and/or dipping into our emergency fund ends up being a rare occurrence, and perhaps dipping into our emergency fund is not needed for 20 years or more...even though maybe when we are in the earlier years of our investment we are still building our emergency fund and trying to find a comfortable balance, since many times if investments are not overly volatile, we do not need any emergency fund, yet with bitcoin's likely ongoing level of volatility, there tends to be needs to control and manage our bitcoin investment by also maintaining an emergency fund and/or other back up funds.

Yeah that’s why we need to keep learning from our past mistakes, being aggressive with accumulation is one of the best way to speed tings up but over doing it is wrong , I have also found myself in such scenario, having some expenses to handle , and my budget wasn’t enough so I had to wait till have gotten enough money to handle that expenses without thinking of going to my bitcoin , well am glad is not something that I needed to treat with urgent. But now am focusing on my accumulation and same time building a better emergency funds , because if by any chances you start dipping your hands into your bitcoin investment it may end up turning into an habit which would slow down your bitcoin investment .

[JayJuanGee]

[edited out]

but still am still happy that I took actions year back to start my bitcoin accumulation, is better to be a low coiner ( that’s still building ) than to be a no coiner that have not started at all.

Yep.. we cannot turn back the clocks, and we also cannot overly try to make up for the time that we lost when we were either distracted into other things or that we were failing/refusing to be as aggressively towards accumulating our bitcoin as we could have had been.

We can, however, attempt to increase our current level of aggressiveness in order to be as aggressive as we can without going overboard.. so a BIG test can remain figuring out that balance, since we will not necessarily recognize that we had gone overboard until some kind of an event happens that causes us to need liquidity (such as cash), and if we had overly invested into bitcoin without having sufficient back up funds and/or an emergency fund, then we may well realize that we had overdone it, and we need to fix our practices so that we do not make similar mistakes in the future.

Many times we will see that we have many small level mistakes that do not cause a lot of damage, and so hopefully we are able to learn from smaller level mistakes so that we do not end up making larger level mistakes.  Of course, the worst kinds of mistakes would be ones that end up causing us to sell most if not all of our bitcoin at a time that is not of our own choosing and one which we are not able to recover from (and that we could have had mitigated or completely prevented by engaging in stronger cashflow management practices, such as having backup funds and/or an emergency fund).

Hopefully we can figure out how to invest aggressively into bitcoin without ever having to dip into our emergency fund, and/or dipping into our emergency fund ends up being a rare occurrence, and perhaps dipping into our emergency fund is not needed for 20 years or more...even though maybe when we are in the earlier years of our investment we are still building our emergency fund and trying to find a comfortable balance, since many times if investments are not overly volatile, we do not need any emergency fund, yet with bitcoin's likely ongoing level of volatility, there tends to be needs to control and manage our bitcoin investment by also maintaining an emergency fund and/or other back up funds.

Yeah that’s why we need to keep learning from our past mistakes, being aggressive with accumulation is one of the best way to speed tings up but over doing it is wrong , I have also found myself in such scenario, having some expenses to handle , and my budget wasn’t enough so I had to wait till have gotten enough money to handle that expenses without thinking of going to my bitcoin , well am glad is not something that I needed to treat with urgent. But now am focusing on my accumulation and same time building a better emergency funds , because if by any chances you start dipping your hands into your bitcoin investment it may end up turning into an habit which would slow down your bitcoin investment .

Sometimes non-urgent matters can send you a warning that you better be careful about how much you put into bitcoin, because sometimes things happen... and for example, you might have been using a computer and phone as your main communication devices, and they are used for work and for pleasure.  You might even have a back up computer that can serve some purposes, but your back up computer is inadequate for your main purposes, and if your computer breaks down or gets stolen, then maybe you have back up files, but you still need your computer in order to do the work, so all of a sudden you have an expense that was a bit outside of your expectations, but if you don't replace the computer, you are going to be less efficient in your work and you might even lose income based on your lower efficiency.  So you may well end up having to dip into both your back up funds and your emergency funds, and you find that the replacement of the computer taught you a lesson about how much back up funds that you needed to have available, and surely you will be lucky if you are able to replace your emergency funds and back up funds within a few months and before another emergency happens, since you might imagine that when you deploy money from your emergency funds and back up funds, that money is no longer available and has to be replaced to merely get you back to the point that you were prior to your computer breaking down.  You also might realize that you have aspects of your data back up system that are inadequate, so maybe you have to buy another back up disk or some other extra expense that came to your attention ONLY after you had gone through the broken computer situation.

Like you mentioned, some expenses might be deferrable like maybe you need to get the computer right away, within a few days, but the back up disk (system) can wait for several weeks, even though you consider it as a needed upgrade, you have a currently working system in place, even though you came to realize that your current system is not adequate.

[Mr Reporter]

Is not wrong when you have the capacity to make it happen for the profit to come quickly

Once someone starts thinking they can make a quick profit from Bitcoin investment, they will not be called an investor but rather a trader. This is because only traders always have the mindset of making it happen quickly, while investors don’t usually have that type of mindset but focus on how they will continue accumulating.to be honest, once someone wants to make quick money from Bitcoin, they are setting a trap for themselves and at end they will fall on the trap. This mindset often leads to losing funds easily.The best approach is to invest and be ready to hold your Bitcoin for the long term because a long term perspective looks promising, given that Bitcoin price is expected to go higher over time. Many people have lost money in Bitcoin simply because they tried to outsmart the market and make quick profits, but it didn’t work as they had planned.

There are many people who are impatient, and they do not get the money they want from their investments and they sell their investments. Then they go for short-term investments in the hope of getting rich quickly, and within a few days they lose their capital and face huge losses. You have to be patient when investing. When you exceed the time limit of your investment, you have benefited more than a short-term investor or trader.

The people you called impatient are traders and they are just after the short term profit which is not even certain that they will make it. Whenever they place a trade and the market is not going as planned they will be tempted to sell it even if they are at loss, so I keep asking instead of doing that ( selling at loss when the market didn't go as planned) why not just buy Bitcoin using the DCA method and hold it for a long term since we have already seen the potential of Bitcoin and stop giving themselves unnecessary pressure and if you calculate accumulating Bitcoin and holding it for 5-10 years and trading from same number of years you will see that the profit of the person accumulating and holding will have, will be way higher than someone that is trading and funny enough is not like they ( trader ) don't know, they knew but they are just interested in becoming rich overnight.

Well from my own perspective to traders whom prioritize in the short term gains it can lead to impulsive decisions such as selling at the lost when the market downturn doesn't moves as expected, just as you have said using the DCA method which is a good one investing an fixed amount at regular intervals regardless of the market downturn and also from experience with is an stable strategy and it more less stressful approach, over the time we all have seen bitcoin growth in an significant potential it is know to be an attractive asset which is meant for long term investors.

[ZeroVinsonN]

There are many people who are impatient, and they do not get the money they want from their investments and they sell their investments. Then they go for short-term investments in the hope of getting rich quickly, and within a few days they lose their capital and face huge losses. You have to be patient when investing. When you exceed the time limit of your investment, you have benefited more than a short-term investor or trader.

People who sell over the slightest rumor out of fear of losing out are a part of the reason for the decrease in the price of bitcoin, as bad press from them affects the international bitcoin market in negative ways, the reverse can also be said to be true, good press toward bitcoin helps in price appreciation just like when Tesla announced that they were going to start receiving payment in bitcoin, the price of bitcoin pushed up very quickly even though they had to halt that plan for certain reasons, the fact that the announcement had such effect on the price of bitcoin proves that people pushing for more inclusion of bitcoin in trades (goods and services) can help boost the price.

[I_Anime]

Sometimes non-urgent matters can send you a warning that you better be careful about how much you put into bitcoin, because sometimes things happen... and for example, you might have been using a computer and phone as your main communication devices, and they are used for work and for pleasure.  You might even have a back up computer that can serve some purposes, but your back up computer is inadequate for your main purposes, and if your computer breaks down or gets stolen, then maybe you have back up files, but you still need your computer in order to do the work, so all of a sudden you have an expense that was a bit outside of your expectations, but if you don't replace the computer, you are going to be less efficient in your work and you might even lose income based on your lower efficiency.  So you may well end up having to dip into both your back up funds and your emergency funds, and you find that the replacement of the computer taught you a lesson about how much back up funds that you needed to have available, and surely you will be lucky if you are able to replace your emergency funds and back up funds within a few months and before another emergency happens, since you might imagine that when you deploy money from your emergency funds and back up funds, that money is no longer available and has to be replaced to merely get you back to the point that you were prior to your computer breaking down.  You also might realize that you have aspects of your data back up system that are inadequate, so maybe you have to buy another back up disk or some other extra expense that came to your attention ONLY after you had gone through the broken computer situation.

Like you mentioned, some expenses might be deferrable like maybe you need to get the computer right away, within a few days, but the back up disk (system) can wait for several weeks, even though you consider it as a needed upgrade, you have a currently working system in place, even though you came to realize that your current system is not adequate.

That’s true you won’t have any choice than to quickly take care of the system expenses because is something you need to work and to earn some income , so that’s something you won’t want to delay , now in scenario whereby one didn’t bother to have an emergency funds due to poor planning and stuff , so instance such expenses comes up and he funds wasn’t enough to handle the expenses such individual won’t have any choice but to temper with his bitcoin , to take care of such expenses, I know that there can be some emergency that may lead to one selling from their bitcoin without thinking twice like life threatening emergency, that’s why we have to focus on building a better emergency and back up funds because this how the little challenge we gonna face as an investor.

[Sticky Bomb]

I have my serious reservations on engaging in trading practices as a Bitcoin investor, most especially an investor still young in his accumulation journey. Truth be told, introducing trading early in your accumulation journey would distract you and divert your focus from your accumulation journey. This is evident because you're still trying to again maturity in accurate cashflow management, being consistent and committed in your periodic purchases and building out your backup funds.

Merging all these with trading would be overwhelming for the young investor and possibly cause misplacement of priorities since trading comes with it's own financial and emotional implications.

I wouldn't advise trading even for someone who's advanced in his accumulation journey. Sincerely speaking, trading, even spot trading introduces this gambling spirit into you and it can escalate at any time, so it's better to maintain your peace as an investor and seek out momentary profitability from other sources like career, business, e t.c Just things that would not have interference with your digital portfolio.

[Derekfunds]

Sometimes non-urgent matters can send you a warning that you better be careful about how much you put into bitcoin, because sometimes things happen... and for example, you might have been using a computer and phone as your main communication devices, and they are used for work and for pleasure.  You might even have a back up computer that can serve some purposes, but your back up computer is inadequate for your main purposes, and if your computer breaks down or gets stolen, then maybe you have back up files, but you still need your computer in order to do the work, so all of a sudden you have an expense that was a bit outside of your expectations, but if you don't replace the computer, you are going to be less efficient in your work and you might even lose income based on your lower efficiency.  So you may well end up having to dip into both your back up funds and your emergency funds, and you find that the replacement of the computer taught you a lesson about how much back up funds that you needed to have available, and surely you will be lucky if you are able to replace your emergency funds and back up funds within a few months and before another emergency happens, since you might imagine that when you deploy money from your emergency funds and back up funds, that money is no longer available and has to be replaced to merely get you back to the point that you were prior to your computer breaking down.  You also might realize that you have aspects of your data back up system that are inadequate, so maybe you have to buy another back up disk or some other extra expense that came to your attention ONLY after you had gone through the broken computer situation.

Like you mentioned, some expenses might be deferrable like maybe you need to get the computer right away, within a few days, but the back up disk (system) can wait for several weeks, even though you consider it as a needed upgrade, you have a currently working system in place, even though you came to realize that your current system is not adequate.

That’s true you won’t have any choice than to quickly take care of the system expenses because is something you need to work and to earn some income , so that’s something you won’t want to delay , now in scenario whereby one didn’t bother to have an emergency funds due to poor planning and stuff , so instance such expenses comes up and he funds wasn’t enough to handle the expenses such individual won’t have any choice but to temper with his bitcoin , to take care of such expenses, I know that there can be some emergency that may lead to one selling from their bitcoin without thinking twice like life threatening emergency, that’s why we have to focus on building a better emergency and back up funds because this how the little challenge we gonna face as an investor.

Investment entirely is all about planning and calculation so failure to plan and calculate will result to unfinished or unsuccessful investment. Having your emergency, discretionary etc in place doesn't guarantee successful investment because even after keeping all these in place if you don't plan and calculate on how to use each of them you will still end up making a mistake in your investment, real investors plan and calculate ahead of things that are yet to come because definitely there will be a challenge so before those challenge will come, they have already gotten solution for it.

[JayJuanGee]

Sometimes non-urgent matters can send you a warning that you better be careful about how much you put into bitcoin, because sometimes things happen... and for example, you might have been using a computer and phone as your main communication devices, and they are used for work and for pleasure.  You might even have a back up computer that can serve some purposes, but your back up computer is inadequate for your main purposes, and if your computer breaks down or gets stolen, then maybe you have back up files, but you still need your computer in order to do the work, so all of a sudden you have an expense that was a bit outside of your expectations, but if you don't replace the computer, you are going to be less efficient in your work and you might even lose income based on your lower efficiency.  So you may well end up having to dip into both your back up funds and your emergency funds, and you find that the replacement of the computer taught you a lesson about how much back up funds that you needed to have available, and surely you will be lucky if you are able to replace your emergency funds and back up funds within a few months and before another emergency happens, since you might imagine that when you deploy money from your emergency funds and back up funds, that money is no longer available and has to be replaced to merely get you back to the point that you were prior to your computer breaking down.  You also might realize that you have aspects of your data back up system that are inadequate, so maybe you have to buy another back up disk or some other extra expense that came to your attention ONLY after you had gone through the broken computer situation.

Like you mentioned, some expenses might be deferrable like maybe you need to get the computer right away, within a few days, but the back up disk (system) can wait for several weeks, even though you consider it as a needed upgrade, you have a currently working system in place, even though you came to realize that your current system is not adequate.

That’s true you won’t have any choice than to quickly take care of the system expenses because is something you need to work and to earn some income , so that’s something you won’t want to delay , now in scenario whereby one didn’t bother to have an emergency funds due to poor planning and stuff , so instance such expenses comes up and he funds wasn’t enough to handle the expenses such individual won’t have any choice but to temper with his bitcoin , to take care of such expenses, I know that there can be some emergency that may lead to one selling from their bitcoin without thinking twice like life threatening emergency, that’s why we have to focus on building a better emergency and back up funds because this how the little challenge we gonna face as an investor.

Whenever anyone really learns about bitcoin, they develop motives to buy as much of it as they can, and they want to put their money to work.  

Frequently the newbie investors underallocate to emergency funds and to back up funds because they are trying to maximize putting their money to work, yet they won't realize that they made a mistake until all of a sudden they need the money because something unexpected happened and they do not have enough money to cover it from other resources that they have.  They are lucky if they do not  end up having to tap into their bitcoin investment and they are able to gather together enough funds to cover their unexpected expense, yet hopefully they learn from their unexpected expense about the need to have the emergency funds and/or back up funds that are in the local currency, and bitcoin should not be serving as a back up fund and/or an emergency fund.

Another thing is that it coudl be very tempting for someone who had already been buying bitcoin for a couple of years to feel that it is O.k to cash out of some of his bitcoin because maye his average costs per BTC are around $30k, so he is going to be able to get nearly 3x the amount that he invested - yet he still does not realize that it tends to not be a good thing to sell bitcoin while we are still in our BTC accumulation phase.. .and we might not even realize until a few years later that we sold some bitcoin at 3x profits, yet we had never been able to replace those sold bitcoin at a lower price because the price did not come back down and we would have had been way better off to have had gotten that money from some other source, rather than selling some (or all) of our bitcoin.

[edited out]

Investment entirely is all about planning and calculation so failure to plan and calculate will result to unfinished or unsuccessful investment. Having your emergency, discretionary etc in place doesn't guarantee successful investment because even after keeping all these in place if you don't plan and calculate on how to use each of them you will still end up making a mistake in your investment, real investors plan and calculate ahead of things that are yet to come because definitely there will be a challenge so before those challenge will come, they have already gotten solution for it.

Good point about planning ahead, and it is true that investors with strong cashflow management skills are likely going to have their income and expenses planned out into the future, and even some space in their cashflow projections that provide cash cushions (could be called cash floats) for irregularities in their income and/or expenses.

Also, when bad situations happen, there is not a guaranteed that their system would have had completely protected them, and they still might incur losses, yet hopefully whatever cashflow management and back up systems will help to mitigate damages (to make the damages less than what they would have otherwise had been). 

[red4slash]

Is not wrong when you have the capacity to make it happen for the profit to come quickly

Once someone starts thinking they can make a quick profit from Bitcoin investment, they will not be called an investor but rather a trader. This is because only traders always have the mindset of making it happen quickly, while investors don’t usually have that type of mindset but focus on how they will continue accumulating.to be honest, once someone wants to make quick money from Bitcoin, they are setting a trap for themselves and at end they will fall on the trap. This mindset often leads to losing funds easily.The best approach is to invest and be ready to hold your Bitcoin for the long term because a long term perspective looks promising, given that Bitcoin price is expected to go higher over time. Many people have lost money in Bitcoin simply because they tried to outsmart the market and make quick profits, but it didn’t work as they had planned.

In fact, until now there are still many people who seem to have a slightly narrower mindset where they only want to be in bitcoin with the hope of instant wealth that they can get which in the end actually destroys their own expectations.
In addition, for now, sometimes there are also quite a few people who consider themselves investors but the actions they take actually lead to traders because their understanding is not very good so that they always overlap and equate traders and investors as the same even though it is clear that we must be able to separate it because even though the scope is the same, traders are not investors and vice versa.

Many people are now mistaken in considering themselves investors but they sometimes do not reflect an investor because they only expect profit and sell their bitcoins even though the profit is only a few percent of the amount they bought and then proudly say that they are successful investors because of that.