Buy Buy Buy or Sell Sell Sell?

[JayJuanGee]

[edited out]

You should never buy BTC with emergency funds. Many people see the market fall and aggressively use the emergency funds they have at that time, which is completely wrong. Emergency funds are created to deal with unexpected financial disasters. If you invest with your emergency fund at that time, if an unexpected financial disaster comes, then you have no choice but to sell your holdings. In some cases, you can invest with emergency funds.

For example, you have the money to buy aggressively, but you may not be able to invest with it due to some problems. For example, you are not able to transact due to some problems or errors in the bank where you have deposited the money. You know that after some time or within 2 or 3 days, your bank account will be fixed or you will be able to transact again. But you have to be confirmed that you will get the money after some time. In that case, you can invest for some time with emergency funds.

You are correct with your example, that you might have some funds that are more liquid and other funds that are less liquid, and perhaps your emergency funds are the most liquid, but some funds might take a week, a month or maybe even longer to receive them into your accounts, and so in those cases, you might use your emergency funds or anything that might be liquid qhile you are processing other funds that you might consider reserve funds rather than emergency funds, and so if you are using emergency funds for non-emergencies then you likely would be replacing those funds as soon as you receive your other reserve funds and surely there might be various classification of funds that you have, and you presume them to be more liquid than they are so when you go to withdraw from them, you find out that you have a few obstacles , and you hopefully have other funds that are more clearly going to be accessible without obstacles.

[Wakate]

You should never buy BTC with emergency funds. Many people see the market fall and aggressively use the emergency funds they have at that time, which is completely wrong. Emergency funds are created to deal with unexpected financial disasters. If you invest with your emergency fund at that time, if an unexpected financial disaster comes, then you have no choice but to sell your holdings. In some cases, you can invest with emergency funds.

You make a lot of sense here but I have come to think of it in different perspectives even after asking some questions about how these funds need to be spent. Here I see more vital details why many investors are failing and need to make proper plans so they don't end to investing and coming back to sell part of their investment because they used the wrong fund for investment.

Crypto investment is not something that is going to be profitable immediately, most times it takes a lot of patience and understanding before we can hit our chest that we have made some good profits from the market. I know they're quick investors who only come to take their small profit and leave the market for a better opportunity to buy. These investors have the tendency to get trapped in the market after buying some portfolio with the attempt to take profit and leave the market again due to their greed and impatience.

For example, you have the money to buy aggressively, but you may not be able to invest with it due to some problems. For example, you are not able to transact due to some problems or errors in the bank where you have deposited the money. You know that after some time or within 2 or 3 days, your bank account will be fixed or you will be able to transact again. But you have to be confirmed that you will get the money after some time. In that case, you can invest for some time with emergency funds.

I would never support buying aggressively because the wise and rich investors don't engage in that due to a lot of mistakes that can be seen buying too much at a short period of time. It is good when we distance our investment strategy and buy at an interval. This is the same DCA strategy that Micro Strategy is using to accumulate thousands of Bitcoin without getting choked up at a certain price. There are so many profits to be made when buying at different intervals, giving a breathing space to buy at different prices.

[Tungbulu]

[edited out]

You should never buy BTC with emergency funds. Many people see the market fall and aggressively use the emergency funds they have at that time, which is completely wrong. Emergency funds are created to deal with unexpected financial disasters. If you invest with your emergency fund at that time, if an unexpected financial disaster comes, then you have no choice but to sell your holdings. In some cases, you can invest with emergency funds.

For example, you have the money to buy aggressively, but you may not be able to invest with it due to some problems. For example, you are not able to transact due to some problems or errors in the bank where you have deposited the money. You know that after some time or within 2 or 3 days, your bank account will be fixed or you will be able to transact again. But you have to be confirmed that you will get the money after some time. In that case, you can invest for some time with emergency funds.

You are correct with your example, that you might have some funds that are more liquid and other funds that are less liquid, and perhaps your emergency funds are the most liquid, but some funds might take a week, a month or maybe even longer to receive them into your accounts, and so in those cases, you might use your emergency funds or anything that might be liquid qhile you are processing other funds that you might consider reserve funds rather than emergency funds, and so if you are using emergency funds for non-emergencies then you likely would be replacing those funds as soon as you receive your other reserve funds and surely there might be various classification of funds that you have, and you presume them to be more liquid than they are so when you go to withdraw from them, you find out that you have a few obstacles , and you hopefully have other funds that are more clearly going to be accessible without obstacles.

This is a commendable fund management plan. Having several funds in place with different liquidity levels is a great idea. The emergency funds should be more ready, available and accessible than every other backup funds, while the reserve funds can be a little more less liquid ( but still accessible) than the emergency funds.
It is also very essential to understand the liquidity of each of these backup funds, as this helps one to be able to effectively navigate certain challenges and also make good progress towards achieving your financial goals without feeling overwhelmed. Some of the backup funds could kept for very special purposes, just like major purchases or even for long term investments. When you know and realize the potential withdrawal obstacles of these funds, it helps you plan effectively and also to avoid falling under certain financial stress.

A balanced approach when it comes to funds management involves effectively allocating resources. This could be achieved by maintaining an emergency fund that’s easily accessible, having a very clear plans for your reserve fund and also allocating to longer term investments.

[Derekfunds]

You should never buy BTC with emergency funds. Many people see the market fall and aggressively use the emergency funds they have at that time, which is completely wrong. Emergency funds are created to deal with unexpected financial disasters. If you invest with your emergency fund at that time, if an unexpected financial disaster comes, then you have no choice but to sell your holdings. In some cases, you can invest with emergency funds.

You are absolutely right investing in Bitcoin with ones emergency funds is already a wrong investment and it is more like a waste of time because the person is going to sell the investment definitely and it can either be in loss or in profit depending on when the need arises so investing with emergency funds is as good as not investing at all because there is no need since you will sell off when situation comes up. A wise investor or a learned investor will never think of doing such because they know what is at stake.

For example, you have the money to buy aggressively, but you may not be able to invest with it due to some problems. For example, you are not able to transact due to some problems or errors in the bank where you have deposited the money. You know that after some time or within 2 or 3 days, your bank account will be fixed or you will be able to transact again. But you have to be confirmed that you will get the money after some time. In that case, you can invest for some time with emergency funds.

Your example is quite alright but I want you to know one thing and that thing is that in life nothing is certain, talk of more of bankers that are humans and they can be so funny and dramatic or will I use the word annoying because an issue may seem so simple and easy but bank will frustrate you I'm saying this out of experience I have had a little problem with my bank and it was a problem I think can be fix or rectify in an hour but they frustrated me, sometimes they will ask you to get some documents you can not be able get at a given point in time so what I'm saying in essence is that you don't risk what you just said because bank is not sure even if they promise you, there are somethings you should not do regardless, if you don't have at any point in time forget about it I mean it is not the end, you should not allow a minute or an hour mistake to ruin your years of holding that will be crazy.

[Bitcoin.com97]

Hello guys, I’m new to the thread and I want to understand more about buy buy or sell sell , I want to know more about buying and accumulating Bitcoin, I will be glad if you guys can help and reply or give answers to my questions
Thank you .

The thread is just encouraging us to think more about buying than selling. It stresses the need to buy and continue to buy and hold for long because that is the way to realize the greater benefits oin Bitcoin investment.

There are many people that have the habit of buying and selling when they sight profits, these are the people called traders and their target is quick profits and often they miss out on the bigger picture and even run into losses when the profits refuses to come and they are forced to sell at loss.

If your mindset is right about buying more Bitcoin whenever the opportunity and resources are available, then you will not spare any effort to keep stacking your Bitcoin portfolio and preserving them for as long as necessary. There are various methods of buying Bitcoin which you can use such as the DCA method which you can read about in this thread or buying the dips which have also been explained here.

To be effective, always set aside emergency funds after you have kept some money for your basic needs then use part of the remaining money to invest in Bitcoin so you will not be under any pressure to sell.

Okay thank you so much for your encouragement and knowledge , with these as a beginner I will focus more on buy buy buy rather than the selling part to enable me invest more rather than selling and be at lost.

But what if I decide to use my emergency fund to invest in Bitcoin ?what if the market is favorable and I decide to use my emergency fund to get more? Just as u said, it stresses  the need to buy and continue to buy and hold for long .

[I_Anime]

Hello guys, I’m new to the thread and I want to understand more about buy buy or sell sell , I want to know more about buying and accumulating Bitcoin, I will be glad if you guys can help and reply or give answers to my questions
Thank you .

The thread is just encouraging us to think more about buying than selling. It stresses the need to buy and continue to buy and hold for long because that is the way to realize the greater benefits oin Bitcoin investment.

There are many people that have the habit of buying and selling when they sight profits, these are the people called traders and their target is quick profits and often they miss out on the bigger picture and even run into losses when the profits refuses to come and they are forced to sell at loss.

If your mindset is right about buying more Bitcoin whenever the opportunity and resources are available, then you will not spare any effort to keep stacking your Bitcoin portfolio and preserving them for as long as necessary. There are various methods of buying Bitcoin which you can use such as the DCA method which you can read about in this thread or buying the dips which have also been explained here.

To be effective, always set aside emergency funds after you have kept some money for your basic needs then use part of the remaining money to invest in Bitcoin so you will not be under any pressure to sell.

Okay thank you so much for your encouragement and knowledge , with these as a beginner I will focus more on buy buy buy rather than the selling part to enable me invest more rather than selling and be at lost.

But what if I decide to use my emergency fund to invest in Bitcoin ?what if the market is favorable and I decide to use my emergency fund to get more? Just as u said, it stresses  the need to buy and continue to buy and hold for long .

Using your emergency funds to accumulate is not encouraging at all just leave it there so that it can play its role of taken care of some expenses while you invest .

And don’t forget that long term investment is the best when it comes to bitcoin, so that you will have enough time to accumulate more bitcoin while you hold for long and as same time build something beautiful. Only short term investors always focus on short term profit and the way you sound there (the using of emergency funds to invest part) , sound more like a short term investor.

Just keep to the right track invest without going overboard and keep learning while you are on it .

[Zackz5000]

Hello guys, I’m new to the thread and I want to understand more about buy buy or sell sell , I want to know more about buying and accumulating Bitcoin, I will be glad if you guys can help and reply or give answers to my questions
Thank you .

The thread is just encouraging us to think more about buying than selling. It stresses the need to buy and continue to buy and hold for long because that is the way to realize the greater benefits oin Bitcoin investment.

There are many people that have the habit of buying and selling when they sight profits, these are the people called traders and their target is quick profits and often they miss out on the bigger picture and even run into losses when the profits refuses to come and they are forced to sell at loss.

If your mindset is right about buying more Bitcoin whenever the opportunity and resources are available, then you will not spare any effort to keep stacking your Bitcoin portfolio and preserving them for as long as necessary. There are various methods of buying Bitcoin which you can use such as the DCA method which you can read about in this thread or buying the dips which have also been explained here.

To be effective, always set aside emergency funds after you have kept some money for your basic needs then use part of the remaining money to invest in Bitcoin so you will not be under any pressure to sell.

Okay thank you so much for your encouragement and knowledge , with these as a beginner I will focus more on buy buy buy rather than the selling part to enable me invest more rather than selling and be at lost.

But what if I decide to use my emergency fund to invest in Bitcoin ?what if the market is favorable and I decide to use my emergency fund to get more? Just as u said, it stresses  the need to buy and continue to buy and hold for long .

It's wrong to accumulate Bitcoin using your emergency fund, your emergency fund is what will to use to sort out unexpected challenges when they come instead of selling your bitcoin to do so, if you uses your emergency fund to accumulate Bitcoin what will you then use to pay out your unforseen problem when they arise? It is expected we use our discretionary income to accumulate Bitcoin, discretionary income is your leftover fund after which you have settled all necessary needs aside using your discretionary income using your emergency fund to accumulate Bitcoin is not advisable instead you can use your reserve fund to accumulate probably if there is market dip.

Use the dca strategy to accumulate through your discretionary because with this strategy you can be accumulating more Bitcoin regularly either every weeks or months and hodl for longer period of time 4-10 and so on.

[Wapfika]

But what if I decide to use my emergency fund to invest in Bitcoin ?what if the market is favorable and I decide to use my emergency fund to get more? Just as u said, it stresses  the need to buy and continue to buy and hold for long .

Don’t do this. You should only invest what you can afford to lose while the funds you are planning to use was intended for emergency purposes which you will not know when you will need it.

You will be obligated to sell your Bitcoin if you choose to use fund that was allocated on other important things.

Bitcoin will always available to buy so just DCA using money that has no allocation. Reduce your expenses and use the save money on Bitcoin purchases.

[Muba20]

...

I don't know though, I mean as average investor, the money that I invested could be my emergency fund as well.

It is a very bad practice to invest into bitcoin with your emergency income or fail to build one alongside your accumulation journey. It places your investment at risk of being tampered in the face of real emergencies. Emergency funds are built only to attend to real emergencies and no other purpose.

No matter how aggressive an investor want to be in accumulating bitcoin, he or she should never make the mistake of accumulating Bitcoin with his or her emergency fund, it will put his or her bitcoin investment in danger and he or she may end up selling off his or her  investment in lost when emergency arise and there is no emergency fund to handle that emergency, emergency fund is supposed to be for only emergencies and not for accumulating bitcoin it is investing mistake.

You should never buy BTC with emergency funds. Many people see the market fall and aggressively use the emergency funds they have at that time, which is completely wrong. Emergency funds are created to deal with unexpected financial disasters. If you invest with your emergency fund at that time, if an unexpected financial disaster comes, then you have no choice but to sell your holdings. In some cases, you can invest with emergency funds.

For example, you have the money to buy aggressively, but you may not be able to invest with it due to some problems. For example, you are not able to transact due to some problems or errors in the bank where you have deposited the money. You know that after some time or within 2 or 3 days, your bank account will be fixed or you will be able to transact again. But you have to be confirmed that you will get the money after some time. In that case, you can invest for some time with emergency funds.

You shouldn't invest with an emergency fund, especially until you are sure when that fund will be available. There are many who have funds but know that it will take time to get the fund, they use emergency funds. As a result, there may be risks in that money later. There are some who may depend on money lent to others, they use that money at that time in any fall in the market, but later they have to face many problems in getting their back back, which may be time-consuming and if such a situation arises, they will have to face more difficulties in investing. Although emergency funds should be used only for emergency needs, but the investor must be sure that he will get his fund back within a certain time and he will have to use his funds accordingly.

[Mame89]

Okay thank you so much for your encouragement and knowledge , with these as a beginner I will focus more on buy buy buy rather than the selling part to enable me invest more rather than selling and be at lost.

But what if I decide to use my emergency fund to invest in Bitcoin ?what if the market is favorable and I decide to use my emergency fund to get more? Just as u said, it stresses  the need to buy and continue to buy and hold for long .

Using your emergency funds to accumulate is not encouraging at all just leave it there so that it can play its role of taken care of some expenses while you invest .

And don’t forget that long term investment is the best when it comes to bitcoin, so that you will have enough time to accumulate more bitcoin while you hold for long and as same time build something beautiful. Only short term investors always focus on short term profit and the way you sound there (the using of emergency funds to invest part) , sound more like a short term investor.

Just keep to the right track invest without going overboard and keep learning while you are on it .

It's better not to force your will and stick to your strategy even though you see the market is good to buy and you try to use emergency money or something, this is not wise even though the market moment is good. Because in bitcoin investment you still have to have principles and you have to stick to those principles, don't get too carried away by lust just because you see the market.

Investing in bitcoin is better for the long term and you can do dca with your ability, even with a small amount of money it doesn't matter what is important is consistency. Rather than forcing yourself to buy bitcoin with emergency funds, especially with loans, it is very risky, especially if the market is not as we want, this will make your finances unstable in the future.

[Bitcoin.com97]

Hello guys, I’m new to the thread and I want to understand more about buy buy or sell sell , I want to know more about buying and accumulating Bitcoin, I will be glad if you guys can help and reply or give answers to my questions
Thank you .

you are welcome to the thread, buy buy or sell sell is just a thread like any other thread, there is nothing too big about the whole concept of bitcoin accumulation. first an foremost you must  have a purpose to which you want to accumulate bitcoin for. it may be for creating wealth or your retirement for old age usage or to pass it as inheritance for the future generation. it may be long or short term investment but the target is the amount of bitcoin you may be able to accumulate in that short or long period of time. surely bitcoin accumulation is just a process or way of buying bitcoin bit by bit according to your discretion. for example if you are a worker who earn money every week or month, instead of saving all your money in the bank, you may likely start to invest little by little every week or month which is otherwise known as DCA. for example you earn like $500 per month, you may decide to invest as low as $10 or $20 per week making a total of $40 or $80 per month. and meanwhile you must set aside an emergency fund which will be used for emergency situation so that you will not touch your bitcoin investment. please note that our investment must be protected by all cost that is why we need emergency and reserved fund so that the reserved fund will be used for any family expenses while the emergency fund is used when an unforeseen circumstances occurs. there are many things to explain but for now this the few i can tell you about bitcoin investment.

all i can say is that you should be active in this thread to understand what bitcoin investment is all about since they say a journey of a thousand miles begins with a step. no matter how i explain you my not graps everything but i guess this little i have said above will go a long way to your quest.

Wow !! this is awesome, Thank you so much for your explanation i really do appreciate your time and effort to break it down to a lay understanding,I understand more better about the Bitcoin investment now, just as you said , I will be more active to the thread to know and understand other things .

It’s good knowing about Bitcoin investment, is really interesting creating the awareness that  you can save through it for the future or you can acquire a generational wealth through it .

[Tmoonz]

But what if I decide to use my emergency fund to invest in Bitcoin ?what if the market is favorable and I decide to use my emergency fund to get more? Just as u said, it stresses  the need to buy and continue to buy and hold for long .

This has been addressed over time and of course it really worth reminding because the gravity of such actions is very huge hence no is advice to play in that part of such action, it is pure gambling than investing, emergency are uncontrollable and no one knows when and how it will happen we need to be prepared for such unplanned expenses, investing with our emergency funds with hope that the market will be favorable sound more like trading for short term profit maximization within the short time frame, the market is unpredictable and at such it is very wrong to invest from our emergency funds.

[tiCeR]

...

Opportunity cost has been tremendous and even worse so for those who sold their bitcoin and bought something like a car that suffers from depreciation, which means they sell an asset with upside potential to then buy an asset that loses in value over time. If someone buys a house and rents it out, then so be it if economic circumstances led them to think that decision would be best for them personally. But so far I am not sure there was a situation when bitcoin was high and real estate was low. Real estate prices went through the roof when bitcoin went through the roof because of that low interest rate environment.

Surely folks are tempted by houses and cars, and each of them might have some utility value, but yeah, there can be miscalculations in regards to what they are worth and how costly of a car or house is needed and even if many houses actually appreciate in value rather than potentially just holding their value, but then accounting for many of the maintenance costs and other costs, there can be losses with houses that are not always appreciated when going through the calculations.

For example, if we might have had wanted to buy a $300k house back in 2019, then maybe we might have had spent anywhere between 30 to 90 bitcoin on such a house (of course depending on exactly when we bought such house), yet even if the house price had doubled in the past 6 years and now such house is worth $600k,, right now such house would ONLY cost us right around 7 BTC... so it sometimes can be difficult to measure which asset is better to hold, and people will frequently proclaim that merely because bitcoin has appreciated at such levels in the past, it does not mean that bitcoin is going to out perform houses in the future.  Many times folks are employing faulty thinking and failure/refusal to actually appreciate what has been happening in bitcoin, what continues to happen in bitcoin, and what is likely to happen in the future.

Sure, there is no problem considering that bitcoin's rate of appreciation is not likely to go up as much as it had done historically, yet at the same time, there should not be any big stretches of imagination needed to continue to recognize that bitcoin remains a better place to put value... but yeah, people are not going to believe it, and so those of us investing into bitcoin or going to continue to enjoy the benefits of asymmetric information, even though anyone has equal opportunities to study bitcoin so that they can get started and get off of zero rather than continuing to remain sitting on the sidelines.. and continuing to be screwed by the ongoing debasement of the dollar and dollar related assets.

Temptation is a big one and it depends on how you have grown up, probably on how old you are and whether you have any experience with investments and compound effects. If you in your early 20s, never had a great car or any car at all, never had any experience with strategically building an investment, risk is not low that someone as I described flips BTC for a nice car. No doubt that the person will know later down the road it was a mistake. The car would in fact be a much bigger mistake than a house unless it is a mansion for fun and not for renting it out.

I can tell that experience is a big one. If you went through a time of wrong decisions especially in personal finance, usually it is painful enough to make you remember and improve upon it. It is unlikely that someone would flip something with high potential for a fancy car again later on in life. Could still be, but less likely. 

Ultimately it doesn't matter what other people do as long as they are not one of these trolls on social media advising everyone to do the same as they do. Some people made life-changing money and that is good for them if they are in peace with their decision, but the majority of people I talk to share the same problem, sold too early and reget it and they could have decided otherwise. Some have to sell as special circumstances can occur beyond what someone's risk assessment was at first, but that doesn't apply to the maority.

Sometimes we might consider that many folks might improve their situation by adjusting their position size, but much of their problem relates to failure/refusal to study the asset that they are invested into in order to recognize and/or appreciate what they are holding. So surely, I have no problem with folks who may well choose to not study deeply into bitcoin when they are first getting started and while they are establishing their cashflow management systems; however, as they invest and the more value that they have invested into bitcoin,  they should become inspired to know more and more about the asset in which they had invested, but they end up not knowing much if anything about bitcoin beyond number go up, and so when number does not continue to go up within their expectations (timeline and/or quantity), they abandon ship.

The very early years, we were all about studying the matter and playing around with it and believing in the potential, not hoping for unknown reasons. That's a big difference. But the more the media got involved and uninformed and actually uninterested people got involved, the less studying there has been. I am certain you have been confronted countless of times whether someone should invest or not and you were supposed to give the ultimate answer. It's no fun to tell anyone where to put their money. An exception is family when you know they can bear it and want to be involved at their own risk, but what I have noticed is that many people are not willing to put in some minor effort to get the basics and lead a basic discussion with you for five minutes. They can repeat the typical slogans from the bestsellers, I am sure you know what I mean, but if you ask one question about such a slogan, they are out.

Risk taking capacity has huge impact though and that is why the rich get richer. They don't have the same thoughts when their bitcoin investment went up 100x as someone who has less risk taking capacity and feels bad about holdig because of fearing to lose it when simultaneously that person believes in the investment to increase in price further.

It surely does help when folks have more discretionary income (or even wealth) in which they can work with, even though surely anyone can benefit greatly from bitcoin as long as they have a discretionary income, and many times, poor people will tend to have way less discretionary income, yet there still might be some poor people who have a lot of discretionary income, but they are just managing their discretionary income in inferior ways.

That kind of goes back to what I meant about experience because often times when someone has access to excess resources and is not a spoiled brat, they usually know a thing about investments and patience and portfolios and size adjustments and risk management etc.

The category poor people with good income is the worst because they are wasting an amazing life opportunity. You can waste a fraction of it and learn from it and I think that is what most people are going through, making mistakes in the right moments is sometimes the best that can happen to you. But I know that in bitcoin many people wasted a once in a lifetime chance for the many in a lifetime things, just because they didn't have them before or are part of the poor people with good income group.

[Jostern]

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?

That Situation are for people who are only interested in Trading, Because when you are only interested in trading you are destined to continue in loose. That is why it is advised to invest in long-term and HODL.   

[Doan9269]

You should never buy BTC with emergency funds. Many people see the market fall and aggressively use the emergency funds they have at that time, which is completely wrong. Emergency funds are created to deal with unexpected financial disasters. If you invest with your emergency fund at that time, if an unexpected financial disaster comes, then you have no choice but to sell your holdings. In some cases, you can invest with emergency funds.

For example, you have the money to buy aggressively, but you may not be able to invest with it due to some problems. For example, you are not able to transact due to some problems or errors in the bank where you have deposited the money. You know that after some time or within 2 or 3 days, your bank account will be fixed or you will be able to transact again. But you have to be confirmed that you will get the money after some time. In that case, you can invest for some time with emergency funds.

You are correct with your example, that you might have some funds that are more liquid and other funds that are less liquid, and perhaps your emergency funds are the most liquid, but some funds might take a week, a month or maybe even longer to receive them into your accounts, and so in those cases, you might use your emergency funds or anything that might be liquid qhile you are processing other funds that you might consider reserve funds rather than emergency funds, and so if you are using emergency funds for non-emergencies then you likely would be replacing those funds as soon as you receive your other reserve funds and surely there might be various classification of funds that you have, and you presume them to be more liquid than they are so when you go to withdraw from them, you find out that you have a few obstacles , and you hopefully have other funds that are more clearly going to be accessible without obstacles.

To make more emphasis on your respective points and inputs here, i will suggest that if we are investing using an emergency fund, then that fund does not necessarily have to be in fiat, we can as well develop a means of creating a non custodial wallet and have our emergency funds kept on such, because the use of banks could be challenging to an extent that when they placed an embargo on an account, it may not be able to perform any transaction until they are done or settled with why they are doing so.

We can also consider that investing with an emergency fund may come in a quick demand in seizing for an opportunity to invest, just as we do have it form market shocks when it plummet after reacting on a particular cause and we feels its best appropriate that we fall back on our emergency fund in other to take advantage of the opportunity and invest, which i think its another way we can maximize our profit proficiency using another strategy (emergency fund) other than DCA we are used to.

[Frankolala]

Hello guys, I’m new to the thread and I want to understand more about buy buy or sell sell , I want to know more about buying and accumulating Bitcoin, I will be glad if you guys can help and reply or give answers to my questions
Thank you .

The thread is just encouraging us to think more about buying than selling. It stresses the need to buy and continue to buy and hold for long because that is the way to realize the greater benefits oin Bitcoin investment.

There are many people that have the habit of buying and selling when they sight profits, these are the people called traders and their target is quick profits and often they miss out on the bigger picture and even run into losses when the profits refuses to come and they are forced to sell at loss.

If your mindset is right about buying more Bitcoin whenever the opportunity and resources are available, then you will not spare any effort to keep stacking your Bitcoin portfolio and preserving them for as long as necessary. There are various methods of buying Bitcoin which you can use such as the DCA method which you can read about in this thread or buying the dips which have also been explained here.

To be effective, always set aside emergency funds after you have kept some money for your basic needs then use part of the remaining money to invest in Bitcoin so you will not be under any pressure to sell.

But what if I decide to use my emergency fund to invest in Bitcoin ?what if the market is favorable and I decide to use my emergency fund to get more? Just as u said, it stresses  the need to buy and continue to buy and hold for long .

There's no bitcoin investment that can survive without an emergency funds because your emergency funds is your backup funds to your bitcoin investment. A lot of investors in the past have fallen into victim of selling their bitcoin investment at loss due go lack of setting up an emergency funds to take care of any real emergency that occurs. Don't forget that they are unforeseen and no one knows when you will be hit with a real emergency.

My question to you is that, if you use your emergency funds to acquire bitcoin and you lose your job, the next day what will be the the future of your bitcoin investment. A big loss because you have to start selling your bitcoin investment for survival and what if bitcoin price begin to dip after you have invested with your emergency funds. You will get burnt because you are gambling and not investing. Your emergency funds should be a priority as a long term investor, because no emergency funds, no bitcoin investment

[Merit.s]

To make more emphasis on your respective points and inputs here, i will suggest that if we are investing using an emergency fund, then that fund does not necessarily have to be in fiat, we can as well develop a means of creating a non custodial wallet and have our emergency funds kept on such, because the use of banks could be challenging to an extent that when they placed an embargo on an account, it may not be able to perform any transaction until they are done or settled with why they are doing so.

I believe that JJG have already addressed this issue of keeping your emergency funds in bitcoin. If you keep your emergency funds in bitcoin, for instance your three months salary is $1500 that you have used to set up your emergency funds. What if a real emergency occurs and bitcoin price has dipped with 30%, you will be at loss. This is one of the big disadvantages of keeping your emergency funds in bitcoin.

Secondly, since you said that your emergency funds should be in bitcoin kept in your noncustodial wallet. What if when you are hit with a real emergency and transaction fee is very high due to congestion in the blockchain. Fiat is the best form to keep your bitcoin investment, if you are complaining about your bank, you can keep the fiat in cash in your safe at home. It's good that when we are investing in bitcoin we save ourselves every possible means of running at loss during our accumulation journey

We can also consider that investing with an emergency fund may come in a quick demand in seizing for an opportunity to invest, just as we do have it form market shocks when it plummet after reacting on a particular cause and we feels its best appropriate that we fall back on our emergency fund in other to take advantage of the opportunity and invest, which i think its another way we can maximize our profit proficiency using another strategy (emergency fund) other than DCA we are used to.

You are a gambler because only gamblers think about profits without considering the risk in their actions.
When you use your back up funds to your bitcoin investment to buy bitcoin, your investment is prone to losses, because a real emergency can occur anytime. In fact, it's a dumb idea that will lead you into losing your bitcoin investment if care is not taken and not a smart move to dive into opportunity to increase your bitcoin investment.

DCA is the most effective and efficient way to accumulate bitcoin for a long-term and whoever uses this strategy wouldn't find it difficult to keep his bitcoin portfolio increasing gradually overtime

[bitzizzix]

Hello guys, I’m new to the thread and I want to understand more about buy buy or sell sell , I want to know more about buying and accumulating Bitcoin, I will be glad if you guys can help and reply or give answers to my questions
Thank you .

The thread is just encouraging us to think more about buying than selling. It stresses the need to buy and continue to buy and hold for long because that is the way to realize the greater benefits oin Bitcoin investment.

There are many people that have the habit of buying and selling when they sight profits, these are the people called traders and their target is quick profits and often they miss out on the bigger picture and even run into losses when the profits refuses to come and they are forced to sell at loss.

If your mindset is right about buying more Bitcoin whenever the opportunity and resources are available, then you will not spare any effort to keep stacking your Bitcoin portfolio and preserving them for as long as necessary. There are various methods of buying Bitcoin which you can use such as the DCA method which you can read about in this thread or buying the dips which have also been explained here.

To be effective, always set aside emergency funds after you have kept some money for your basic needs then use part of the remaining money to invest in Bitcoin so you will not be under any pressure to sell.

But what if I decide to use my emergency fund to invest in Bitcoin ?what if the market is favorable and I decide to use my emergency fund to get more? Just as u said, it stresses  the need to buy and continue to buy and hold for long .

There's no bitcoin investment that can survive without an emergency funds because your emergency funds is your backup funds to your bitcoin investment. A lot of investors in the past have fallen into victim of selling their bitcoin investment at loss due go lack of setting up an emergency funds to take care of any real emergency that occurs. Don't forget that they are unforeseen and no one knows when you will be hit with a real emergency.

My question to you is that, if you use your emergency funds to acquire bitcoin and you lose your job, the next day what will be the the future of your bitcoin investment. A big loss because you have to start selling your bitcoin investment for survival and what if bitcoin price begin to dip after you have invested with your emergency funds. You will get burnt because you are gambling and not investing. Your emergency funds should be a priority as a long term investor, because no emergency funds, no bitcoin investment

Honestly, here I know a lot and learn about the actual use of emergency funds and I started it when I found out here and I really feel the good benefits in my investment goals which are currently really going according to what I expected and not using my Bitcoin at all when I really need it because there is already an emergency fund.

And I agree with you @Frankolala: And when they no longer work or have no more income, they have to think about the fate of their investments which must be thought about and planned in advance and emergency funds are the best role when that happens. And emergency funds can be used to cover all needs including your investments so that everything continues to run well but it is only temporary and you also have to continue and immediately look for a new job or new income so that your investment plan continues to run well and the emergency fund is only temporary and you still have to find another job like the beginning of your journey to buy Bitcoin regularly, for emergency funds and also for all your important needs and this must continue to be run and requires you to have a job or income and when you no longer have it due to an unexpected event your emergency fund will cover as long as you do not have a job on the condition that it is only temporary and must be obtained as soon as possible. And this issue has to be really thought about because it crossed my mind at the time, but now I have made or have a plan if that happens and one of the things that I have made is to have a business that I have mentioned here and this also serves to supplement my regular Bitcoin purchases and also for emergency funds and both of them will grow big in the long run.

[Jewan420]

To make more emphasis on your respective points and inputs here, i will suggest that if we are investing using an emergency fund, then that fund does not necessarily have to be in fiat, we can as well develop a means of creating a non custodial wallet and have our emergency funds kept on such, because the use of banks could be challenging to an extent that when they placed an embargo on an account, it may not be able to perform any transaction until they are done or settled with why they are doing so.

I believe that JJG have already addressed this issue of keeping your emergency funds in bitcoin. If you keep your emergency funds in bitcoin, for instance your three months salary is $1500 that you have used to set up your emergency funds. What if a real emergency occurs and bitcoin price has dipped with 30%, you will be at loss. This is one of the big disadvantages of keeping your emergency funds in bitcoin.

Secondly, since you said that your emergency funds should be in bitcoin kept in your noncustodial wallet. What if when you are hit with a real emergency and transaction fee is very high due to congestion in the blockchain. Fiat is the best form to keep your bitcoin investment, if you are complaining about your bank, you can keep the fiat in cash in your safe at home. It's good that when we are investing in bitcoin we save ourselves every possible means of running at loss during our accumulation journey

There is no doubt that keeping Bitcoin in your emergency fund will be a bad decision. From my point of view, emergency fund money should be kept in a place where you can use it at any time for an emergency. In this case, I would advise against keeping emergency fund money in the bank. Because all types of bank operations are closed due to bank closures on holidays, which is why it will not be possible to withdraw emergency fund money from the bank on holidays. Even online transactions or ATM withdrawals are not possible at times due to network problems. So, keep your emergency fund money with you as much as possible and keep it in fiat. So that you do not have any problem in using the money in an emergency and do not have to suffer from delays.

In this case, keeping emergency fund money in Bitcoin is by no means the right decision, rather it is one of the biggest wrong decisions. For a real example of why this would be a bad decision, you can keep some necessary money in Bitcoin for a few days that you will need after 15-20 days. If you are lucky, you may not get the results of this experiment right, but if you are not lucky, you will get real evidence why emergency funds should not be built with Bitcoin. You may think that your emergency moment is far away and you will benefit from it by then. But you should remember, the emergency moment is very close and can happen at any time and the Bitcoin market is very volatile.

[GIF-JOBS]

But what if I decide to use my emergency fund to invest in Bitcoin ?what if the market is favorable and I decide to use my emergency fund to get more? Just as u said, it stresses  the need to buy and continue to buy and hold for long .

Don’t do this. You should only invest what you can afford to lose while the funds you are planning to use was intended for emergency purposes which you will not know when you will need it.

You will be obligated to sell your Bitcoin if you choose to use fund that was allocated on other important things.

Bitcoin will always available to buy so just DCA using money that has no allocation. Reduce your expenses and use the save money on Bitcoin purchases.

There are many people who decide to buy Bitcoin with emergency funds in this way, there are many mistakes in their thinking, they decide to buy Bitcoin with emergency funds, but they do not even think that an emergency situation can arise at any time, when they need this fund. Buying Bitcoin at the dip price is definitely good and profitable, but for that, we should never remove the safety fund for this. Because as much as you are thinking of buying Bitcoin at the dip price with emergency funds in the hope of making a profit, when faced with a real situation, you will likely lose more than that. Therefore, you should never buy Bitcoin with more money than you can afford, especially buying Bitcoin with a specific fund is never reasonable. Keeping the DCA consistent, if you want to buy Bitcoin at the dip price, then create a separate budget for it as a reserve fund, this is the right decision.