Buy Buy Buy or Sell Sell Sell?

[Barikui1]

I would say even if you want to buy the dip, try to mix it with DCA.Just set something small and stick with it, whether the market is up or down. The good part is that It builds a habit. that habit of just showing up regularly, no matter what the price is doing, this will make a difference in the long run.

What I think is that for a Bitcoin investor to build a very good stash of Bitcoin he must remove that mindset of buying the dip, and start accumulating Bitcoin once his discretionary income is available, if in the process of accumulating Bitcoin their is a dip in the market, he might decide to start accumulating it aggressively then, only if he has the reserve funds to do so, but if he doesn't have such leverage to act on such dip, the best he can do is to take a chill pills and relax,  continue accumulating Bitcoin in your weekly or monthly routine when your discretionary income is available, because as long as their is consistency in your accumulation of it, it wouldn't be long when you will accumulate a very good stash of Bitcoin.

[EarnOnVictor]

Those who have delayed investing in Bitcoin and thought a lot have regretted it later. I have seen many such investors who initially waited for the negative changes in the market and when the price of Bitcoin was at the level that investors considered to be the highest level and thinking it was the highest level, they did not invest there, they just waited. But after waiting, when they saw that the price of Bitcoin was not decreasing but rather gradually increasing, they regretted why they did not invest in Bitcoin at that time.

In fact, if we think so much, investing in Bitcoin will never be possible, since we know the easiest and most reliable strategy of investment, so we only have to start investing in Bitcoin with a certain amount and maintain the continuity of investment based on our income, but it will be seen that as investment has become much easier for us, we have a different sense of responsibility towards this investment.  

For most investors, getting started is the hardest step, but if you start investing by considering this difficult step as easy, then continuing to invest consistently becomes an easy matter.

That delay and overthinking trying to time the market is why there’s a DCA method and proper bitcoin investment knowledge needed. The fact is no matter how many times we say it there will always be these  people who wait and wait for a dip and miss out on opportunities they could have accumulated more. These people are traders who are only after short term gains cos their intentions is to sell when price pumps, this practice is not encouraged of investors.

If you have made up your mind to invest I don’t see any reason why you would delay except you have no discretionary funds available. If that’s the case then you work to make that available and you start your investment immediately.

Anyone who understands the potential of Bitcoin and knows how important it is to have it in their wallet will never for  one day joke with it, yea I understand and I know that some people see all these we are talking about Bitcoin as an ideal case and it may look like that for them but what we are saying about Bitcoin is not ideal but rather an actual and real, I mean something that will definitely come to happen. Whosoever that have a good fraction or number of Bitcoin trust me the person has a precious asset and so anyone who is wasting time or waiting for the price to first come down while the DCA method is available is really not serious or interested to be an investor.

I can't agree more, and I am one of those people who will still regret not buying enough Bitcoin or starting to buy it late. There is a percentage of my Bitcoin that I liquidated early, and they are all painful now. As they say, we learn by our mistakes, but this one seems bitter, even though I earn from other aspects of earning. Regardless, imagine me starting to buy Bitcoin when I know it is below $500 and keep it forever? It would have been a fortune for me now, and will continue to add to my fortune because Bitcoin is progressive. Well, I've made the change now, I've been buying and buying, and I hope in 2050, I can sing more praises instead of lamenting the past missed opportunities.

[SuperBitMan]

[edited out]

Yeah you are right JJG he also did have a relatively bad (not so good) BTC purchase towards the top of the 2017 market, this may be as a result of not having a backup funds, an investor may be so determined and consistent with his or her investment but along the line for some time or season stop accumulating because he or she wants to solve or settle an emergency that came up, but with a backup funds you can solve your emergency without it obstructing your accumulation process.

I was describing a guy who started investing into bitcoin at the top of the market and he still ended up doing well because he kept buying bitcoin.  My point really did not have much of anything to do with keeping backup funds, which I would have had presumed that any guy who is investing aggressively into bitcoin will already have back up funds in place.

Sir I understand very well that you where just giving a description and the reason I mentioned backup funds was when you mentioned in your description that the guy had a relatively bad (not so good) BTC purchase towards the top of the 2017 market, and from my own thought one of the things that can slow you down in your Bitcoin investment journey is when you don't have backup funds and you are now faced with emergency issue, it can relatively lead you to have a bad (not so good) Bitcoin purchase for that period.
Sir JJG you may see it that an investor investing aggressively into bitcoin will already have back up funds in place but there are some investor especially newbies who are eager to grow quick may start accumulating aggressively without knowing they need a backup funds in other to prevent them from getting into a financial set back that will lead to them dipping hands into there Bitcoin investment there by slowing down there investment.
Sir JJG there are somethings that is normal for you and to you an investor should apply that but honestly some investor don't know or have that knowledge.

[Jostern]

In fact, now it is not difficult to understand about investing after we know one of the best assets like Bitcoin because everyone who wants to become an investor by investing in Bitcoin can immediately find out how to invest and also find out about what methods can be quite suitable for him because each method will definitely have an impact and effect when someone has run it more consistently. And for those who have started investing in Bitcoin since 2020, maybe they already understand the market cycle quite well and also understand how to invest in Bitcoin because basically they just have to be patient and also try to be consistent in buying Bitcoin without thinking about the price being high or low when making a purchase.

Actually all that is needed is that one is simply aware of Bitcoin and how to invest by DCA or buy the dip and he will have a good point of access. Hoping that you have to know a lot of things and only then you should start is not a good option. It is a course by experience. Experience is gained through doing, by failing in some cases and… then changing tactics. Another thing that I concur with relates to consistency being underestimated. Just as long as a person just adheres to something, even a plan as simple as that and is patient, he or she will most likely succeed as compared to a person who always tries to time the market. Frankly speaking, it is a matter of mindset.

Buying at the dip isn't a good strategy because it will keep you waiting and waiting wouldn't make you to be consistent in your bitcoin accumulation overtime. It's better to use DCA method in order fof you to be consistent and persistent in buying and building your bitcoin portfolio with part of your discretionary income for 4-10 years and above.

However, if you want to use thd buy dip strategy, you have to mix it with your ongoing DCA by setting up a reserve funds so that whenever there's a dip, you can buy more bitcoin cheaper from your reserve funds. It's totally wrong for you to pause your DCA and start waiting for the dip. Therefore, if you don't have funds available to buy at the dip, your ongoing DCA will enable you to benefits from buying at the dip because DCA method gives you to buy bitcoin always irrespective of the price of bitcoin at that moment.

A new investor focus should be how he can buy as many bitcoin as possible and focus on reaching his bitcoin target and not about the price that he wants to buy bitcoin because in future bitcoin price will be very expensive.

I really don’t think there is anything wrong with buying a dip, but instead when i think that it’s not a good idea is when you’ve to wait for a dip to invest or keep accumulating, for some who is just new into bitcoin you have to follow the right path and strategy that will help to accumulate and hold more bitcoins, which is why it is important to keep accumulating consistently with DCA method that can enable you accumulate little by little considering the amount of discretionary funds that you have available.

As a new investor I prefer using the DCA method to accumulate bitcoin consistently because for some that is a low coiner it’s wise and ideal to accumulate always and build more bitcoins into my portfolio, sometimes there are hurdles that you’ve to go through to have a discretionary funds which can me to accumulate more and doing it consistently, well sometimes when the opportunity of getting aggressive presents itself then I think it is a grate idea to do it as well, if the opportunity of buying a dip presents itself I think it’s just wise to take the opportunity and accumulate more bitcoin.

[Tonimez]

I was describing a guy who started investing into bitcoin at the top of the market and he still ended up doing well because he kept buying bitcoin.  My point really did not have much of anything to do with keeping backup funds, which I would have had presumed that any guy who is investing aggressively into bitcoin will already have back up funds in place.

It is not wrong to say that every successful bitcoin investor took his time to build his backup and emergency funds alongside his bitcoin investment. Some advice making provision for a given amount of emergency funds and back up funds before investing in bitcoin at the first instance. Which ever way, back up funds is a vital aspect of bitcoin investment and should be treated as such.

[jems]

I would say even if you want to buy the dip, try to mix it with DCA.Just set something small and stick with it, whether the market is up or down. The good part is that It builds a habit. that habit of just showing up regularly, no matter what the price is doing, this will make a difference in the long run.

What I think is that for a Bitcoin investor to build a very good stash of Bitcoin he must remove that mindset of buying the dip, and start accumulating Bitcoin once his discretionary income is available, if in the process of accumulating Bitcoin their is a dip in the market, he might decide to start accumulating it aggressively then, only if he has the reserve funds to do so, but if he doesn't have such leverage to act on such dip, the best he can do is to take a chill pills and relax,  continue accumulating Bitcoin in your weekly or monthly routine when your discretionary income is available, because as long as their is consistency in your accumulation of it, it wouldn't be long when you will accumulate a very good stash of Bitcoin.

Accumulating Bitcoin with the DCA strategy as you said is indeed very good and I am even doing it consistently.

However, there is nothing wrong with buying Bitcoin aggressively when the market price drops, even that makes us more satisfied because we can buy a lot at a low price as long as it does not interfere with our consistency in implementing the DCA strategy to continue accumulating Bitcoin.

[Ricardo11]

I was describing a guy who started investing into bitcoin at the top of the market and he still ended up doing well because he kept buying bitcoin.  My point really did not have much of anything to do with keeping backup funds, which I would have had presumed that any guy who is investing aggressively into bitcoin will already have back up funds in place.

It is not wrong to say that every successful bitcoin investor took his time to build his backup and emergency funds alongside his bitcoin investment. Some advice making provision for a given amount of emergency funds and back up funds before investing in bitcoin at the first instance. Which ever way, back up funds is a vital aspect of bitcoin investment and should be treated as such.

It is not necessary to prepare an emergency fund before starting to invest, but rather to start investing first and then prepare an emergency fund. We must definitely pay attention to risk management, but after starting to invest, it is never a good decision to waste time on funds before starting to invest. Because if you do not have any investment, then what are you creating an emergency fund to protect first? So first of all, after creating a strong source of income, you have to start investing immediately, when it comes to starting to invest, delaying for creating any fund is never a good decision.

[Eternad]

I was describing a guy who started investing into bitcoin at the top of the market and he still ended up doing well because he kept buying bitcoin.  My point really did not have much of anything to do with keeping backup funds, which I would have had presumed that any guy who is investing aggressively into bitcoin will already have back up funds in place.

It is not wrong to say that every successful bitcoin investor took his time to build his backup and emergency funds alongside his bitcoin investment. Some advice making provision for a given amount of emergency funds and back up funds before investing in bitcoin at the first instance. Which ever way, back up funds is a vital aspect of bitcoin investment and should be treated as such.

It is not necessary to prepare an emergency fund before starting to invest, but rather to start investing first and then prepare an emergency fund. We must definitely pay attention to risk management, but after starting to invest, it is never a good decision to waste time on funds before starting to invest. Because if you do not have any investment, then what are you creating an emergency fund to protect first? So first of all, after creating a strong source of income, you have to start investing immediately, when it comes to starting to invest, delaying for creating any fund is never a good decision.

Emergency funds is dedicated so that you will have an access to immediate funds once you needed money.

Setting up your emergency fund later will result to withdrawing your investment funds once you needed a money for emergency concern. That’s why you should setup this before you start investing since it involves risk that will force you to hold just to avoid loss when you pull out your investment.

[asarfiar]

I was describing a guy who started investing into bitcoin at the top of the market and he still ended up doing well because he kept buying bitcoin.  My point really did not have much of anything to do with keeping backup funds, which I would have had presumed that any guy who is investing aggressively into bitcoin will already have back up funds in place.

It is not wrong to say that every successful bitcoin investor took his time to build his backup and emergency funds alongside his bitcoin investment. Some advice making provision for a given amount of emergency funds and back up funds before investing in bitcoin at the first instance. Which ever way, back up funds is a vital aspect of bitcoin investment and should be treated as such.

If you cannot keep your emergency fund running regularly, you will have financial problems in investing in Bitcoin. You will not be able to make your long-term investment regular in any way. Suppose you have kept your emergency fund and are investing in Bitcoin regularly, but even then your Bitcoin investment will not feel safe to you. To get rid of this situation, you can use the DCA strategy and you will see that as your portfolio grows, you will not feel any instability in your long-term Bitcoin investment. By investing in Bitcoin using the DCA method, you will be completely safe from market instability.

[sotelorene]

I was describing a guy who started investing into bitcoin at the top of the market and he still ended up doing well because he kept buying bitcoin.  My point really did not have much of anything to do with keeping backup funds, which I would have had presumed that any guy who is investing aggressively into bitcoin will already have back up funds in place.

It is not wrong to say that every successful bitcoin investor took his time to build his backup and emergency funds alongside his bitcoin investment. Some advice making provision for a given amount of emergency funds and back up funds before investing in bitcoin at the first instance. Which ever way, back up funds is a vital aspect of bitcoin investment and should be treated as such.

It is not necessary to prepare an emergency fund before starting to invest, but rather to start investing first and then prepare an emergency fund. We must definitely pay attention to risk management, but after starting to invest, it is never a good decision to waste time on funds before starting to invest. Because if you do not have any investment, then what are you creating an emergency fund to protect first? So first of all, after creating a strong source of income, you have to start investing immediately, when it comes to starting to invest, delaying for creating any fund is never a good decision.

Even though I don't subscribe to the idea of waiting to gather everything before investing I also don't subscribe to starting without an emergency funds, maybe you have forgotten emergency funds and reserve funds are the things that keep our investment sailing. Anyone who is ready to start a Bitcoin investment, normally he or she is suppose to have these funds ready or in place even though it is not big enough, so that should in case something come up because there are times that once you invest, in less than no time you will see challenge coming from where you least expect and if you are an investor who start investing and doesn't have emergency funds then you will have no other choice than to sell off unless you will borrow which I don't like doing also.

[G_Besar]

I was describing a guy who started investing into bitcoin at the top of the market and he still ended up doing well because he kept buying bitcoin.  My point really did not have much of anything to do with keeping backup funds, which I would have had presumed that any guy who is investing aggressively into bitcoin will already have back up funds in place.

That is true and I have also seen some investors who do not worry about their reserve fund because they are always more focused on the goal of buying Bitcoin aggressively and never feel hungry just because they continue to work like that. Because basically a smart investor is an investor who has prepared everything to facilitate his own work, so clearly an investor who has the principle to invest will always have preparations without having to be reminded by others. So I quite agree with what you said.

It is not wrong to say that every successful bitcoin investor took his time to build his backup and emergency funds alongside his bitcoin investment. Some advice making provision for a given amount of emergency funds and back up funds before investing in bitcoin at the first instance. Which ever way, back up funds is a vital aspect of bitcoin investment and should be treated as such.

The reserve fund is just a part of something that must be prepared without having to worry too much because if we calculate the reserve fund more without remembering the capital to buy Bitcoin, I think it will be much more complicated because no matter how much reserve fund we prepare, I think there is no guarantee that the fund will be able to finance life for two to four years. So just focus on buying Bitcoin more aggressively and leave a little for life from the income we get every month.

[POPOLUV]

[Edited out]

Beginners usually need a lot of motivation, don't give them negative things because it can be down for them, as much as possible beginners should know that investing in bitcoin is not for the short term but for the long term with a minimum investment of 5 years and above.

Most beginners already knew that bitcoin investment  is not a short term investment, yet they will still want to go for the short term profit instead of holding it in the long run, the Major reason why most people always find it hard to HODL thier bitcoin in the long run is due to lack of patient and being so inquisitive to make profit from bitcoin investment. It surprises me to see that Majority of this guys who are into bitcoin investment are only interested in the profit making, probably when they reach thier investment goal, the only thing that comes out from their mind is sell" and use the profit to do whatever thing they Wish to do with it, while some will sell thier holdings and start holding fiat, and be waiting for inflation to eat them up, While bitcoin is supposed to be a tools that we can use to fight against inflation.

Sure i agree with you but it is not mostly the beginners but it is generally because when you are talking about having patience in holding Bitcoin investments for longer cycle it is depend mostly on self discipline, also buying Bitcoin aggressively weekly or monthly and once you have build up your emergency fund as much as you can believe me that you will be confident enough to wait for a long term, so any investors should consider making  quick profit but should focus on buying Bitcoin and build up his Bitcoin portfolio.

[Futurexxx]

I was describing a guy who started investing into bitcoin at the top of the market and he still ended up doing well because he kept buying bitcoin.  My point really did not have much of anything to do with keeping backup funds, which I would have had presumed that any guy who is investing aggressively into bitcoin will already have back up funds in place.

It is not wrong to say that every successful bitcoin investor took his time to build his backup and emergency funds alongside his bitcoin investment. Some advice making provision for a given amount of emergency funds and back up funds before investing in bitcoin at the first instance. Which ever way, back up funds is a vital aspect of bitcoin investment and should be treated as such.

It is not necessary to prepare an emergency fund before starting to invest, but rather to start investing first and then prepare an emergency fund. We must definitely pay attention to risk management, but after starting to invest, it is never a good decision to waste time on funds before starting to invest. Because if you do not have any investment, then what are you creating an emergency fund to protect first? So first of all, after creating a strong source of income, you have to start investing immediately, when it comes to starting to invest, delaying for creating any fund is never a good decision.

Even though I don't subscribe to the idea of waiting to gather everything before investing I also don't subscribe to starting without an emergency funds, maybe you have forgotten emergency funds and reserve funds are the things that keep our investment sailing.

Yea it's true that waiting to have it all before before starting your Bitcoin accumulation is a terrible way to go about your Bitcoin investment because by doing so you are wasting valuable time that should have been used to accumulate a reasonable stash of Bitcoin.

Then as for the case of an emergency funds, it's not a must that you must have an emergency funds before starting up your investment, you can start with the basic knowledge you have, along the line during your accumulation process you can start keeping an emergency funds aside in case of real life emergencies.

[Platinumys]

I was describing a guy who started investing into bitcoin at the top of the market and he still ended up doing well because he kept buying bitcoin.  My point really did not have much of anything to do with keeping backup funds, which I would have had presumed that any guy who is investing aggressively into bitcoin will already have back up funds in place.

It is not wrong to say that every successful bitcoin investor took his time to build his backup and emergency funds alongside his bitcoin investment. Some advice making provision for a given amount of emergency funds and back up funds before investing in bitcoin at the first instance. Which ever way, back up funds is a vital aspect of bitcoin investment and should be treated as such.

It is not necessary to prepare an emergency fund before starting to invest, but rather to start investing first and then prepare an emergency fund. We must definitely pay attention to risk management, but after starting to invest, it is never a good decision to waste time on funds before starting to invest. Because if you do not have any investment, then what are you creating an emergency fund to protect first? So first of all, after creating a strong source of income, you have to start investing immediately, when it comes to starting to invest, delaying for creating any fund is never a good decision.

Emergency fund is not mandatory for investment, if the investor does not give it much importance, there is no problem, but I think the investor should give importance to his continuous investment. The more serious an investor is about his investment and the more consistent he is, the stronger his investment will be. Basically, emergency fund is a very secondary issue for an investor. Those who have sufficient financial solvency and are very serious about their investment usually form emergency fund. The advantage of emergency fund is that if the investor fails to invest consistently, then that investor can use his emergency fund and when his financial condition returns to normal, he can replenish his fund with money. However, emergency fund is not mandatory for everyone.

[Sticky Bomb]

I would say even if you want to buy the dip, try to mix it with DCA.Just set something small and stick with it, whether the market is up or down. The good part is that It builds a habit. that habit of just showing up regularly, no matter what the price is doing, this will make a difference in the long run.

What I think is that for a Bitcoin investor to build a very good stash of Bitcoin he must remove that mindset of buying the dip, and start accumulating Bitcoin once his discretionary income is available, if in the process of accumulating Bitcoin their is a dip in the market, he might decide to start accumulating it aggressively then, only if he has the reserve funds to do so, but if he doesn't have such leverage to act on such dip, the best he can do is to take a chill pills and relax,  continue accumulating Bitcoin in your weekly or monthly routine when your discretionary income is available, because as long as their is consistency in your accumulation of it, it wouldn't be long when you will accumulate a very good stash of Bitcoin.

I would not really agree totally with this, although I tend to see the point you are driving at. I think accumulating bitcoin is all about planning and that may involve planning for the dip separately. The investor might choose to invest split his actual buying amounts into an 80 - 20 ration and regularly invests the 80% regularly with DCA while saving up the 20% and waiting for the dip. As soon as his proposed dip occurs, he can take the funds saved for the dip and lump sum in that regard, giving him the opportunity to buy more quantity of bitcoin at cheaper amount and keep enlarging his portfolio and drawing closer to his accumulation target.

[Joy- maker]

I really don’t think there is anything wrong with buying a dip

Normally there is nothing wrong buying the dips, bitcoin investors can buy the dips when they occur and hold, but waiting for the dip to occur before buying bitcoin is wrong and it can delay your investment junney, especially when you are just getting started with bitcoin, and your discretionary income is available. As a bitcoin investor who's mindset is long term holding, If your discretionary income is available don't wait for dips before buying bitcoin, instead buy bitcoin using DCA  method and hold, since your mindset is already long term holding  4 to 10 years or more, because waiting for bitcoin to dip before buying is wrong and can delay your investment junney. Remember you have to accumulate a good portion of bitcoin to hold for long term to enable you make reasonable profit, so you can't just keep waiting for the dip before you buy bitcoin and hold, you have to be consistence in buying bitcoin with DCA method to able you accumulate a good portion of bitcoin to hold for long term for good profit.

[I_Anime]

I would say even if you want to buy the dip, try to mix it with DCA.Just set something small and stick with it, whether the market is up or down. The good part is that It builds a habit. that habit of just showing up regularly, no matter what the price is doing, this will make a difference in the long run.

What I think is that for a Bitcoin investor to build a very good stash of Bitcoin he must remove that mindset of buying the dip, and start accumulating Bitcoin once his discretionary income is available, if in the process of accumulating Bitcoin their is a dip in the market, he might decide to start accumulating it aggressively then, only if he has the reserve funds to do so, but if he doesn't have such leverage to act on such dip, the best he can do is to take a chill pills and relax,  continue accumulating Bitcoin in your weekly or monthly routine when your discretionary income is available, because as long as their is consistency in your accumulation of it, it wouldn't be long when you will accumulate a very good stash of Bitcoin.

I would not really agree totally with this, although I tend to see the point you are driving at. I think accumulating bitcoin is all about planning and that may involve planning for the dip separately. The investor might choose to invest split his actual buying amounts into an 80 - 20 ration and regularly invests the 80% regularly with DCA while saving up the 20% and waiting for the dip. As soon as his proposed dip occurs, he can take the funds saved for the dip and lump sum in that regard, giving him the opportunity to buy more quantity of bitcoin at cheaper amount and keep enlarging his portfolio and drawing closer to his accumulation target.

Buying the dip and dca method usually work together, when you use DCA you can save some. Reserve funds for purchasing the dip if any occurs. This are things you need to know as an investor, you have to be flexible. DCA can give you  the ability to easily adapt to the market condition , with DCA you don't need to start timing the market , because with DCA method you are purchasing at different price intervals depending on the market condition at that moment , and it can either be monthly or weekly DCA plan.

[JayJuanGee]

[edited out]

I can't agree more, and I am one of those people who will still regret not buying enough Bitcoin or starting to buy it late. There is a percentage of my Bitcoin that I liquidated early, and they are all painful now. As they say, we learn by our mistakes, but this one seems bitter, even though I earn from other aspects of earning. Regardless, imagine me starting to buy Bitcoin when I know it is below $500 and keep it forever? It would have been a fortune for me now, and will continue to add to my fortune because Bitcoin is progressive. Well, I've made the change now, I've been buying and buying, and I hope in 2050, I can sing more praises instead of lamenting the past missed opportunities.

So?

That means that you have converted from a bitcoin trader into a bitcoin investor?

Perhaps?  perhaps?

Many of us likely realize that it is good to learn from our mistakes and figure out some balance that works for us in regards to our investing and our cashflow management practices, since many times it can be difficult to get outside of a traders mentality and really start to employ investor techniques and/or strategies.

I remember not very long ago, you were proclaiming that there were ways to outperform investors by knowing when to skim off the top and to play the waves.. so maybe you have come to realize that those strategies are especially risky for guys still in their accumulation phase because they end up selling too many BTC too soon, when they probably should have had just stuck with buying rather than fucking around thinking that they would be able to buy back cheaper when that might not end up working out.

[edited out]

Yeah you are right JJG he also did have a relatively bad (not so good) BTC purchase towards the top of the 2017 market, this may be as a result of not having a backup funds, an investor may be so determined and consistent with his or her investment but along the line for some time or season stop accumulating because he or she wants to solve or settle an emergency that came up, but with a backup funds you can solve your emergency without it obstructing your accumulation process.

I was describing a guy who started investing into bitcoin at the top of the market and he still ended up doing well because he kept buying bitcoin.  My point really did not have much of anything to do with keeping backup funds, which I would have had presumed that any guy who is investing aggressively into bitcoin will already have back up funds in place.

Sir I understand very well that you where just giving a description and the reason I mentioned backup funds was when you mentioned in your description that the guy had a relatively bad (not so good) BTC purchase towards the top of the 2017 market, and from my own thought one of the things that can slow you down in your Bitcoin investment journey is when you don't have backup funds and you are now faced with emergency issue, it can relatively lead you to have a bad (not so good) Bitcoin purchase for that period.

Yeah but, I was not talking about the same kind of "bad."  Anyone could come to an investment, such as bitcoin, and reasonably decide to invest a lot from the beginning, and their beginning ends up being the top of that particular cycle (or that price wave), and so they will end up having a lot of BTC that were purchased at a price that is higher than the current price and mean that their BTC holdings are in the negative.

At the same time, the mere fact that they bought a lot of bitcoin at the top does not mean that they were spending beyond their means or beyond their discretionary income and they might have even sold some other asset (such as a house) and used the proceeds to buy bitcoin. .So they are using money that they can afford to lose, but their investment into bitcoin might end up in the negative for 3-4 years or even longer.. yet part of my post was to show that even someone who started in such a situation, they likely would end up being advantaged by ongoingly continuing to buy bitcoin, even though it is not guaranteed to work in their advantage that their ongoing investment into bitcoin does not guarantee that bitcoin is going to end up going up in price, so hopefully guys continue to invest with money that they can afford to lose.. and sure, they are investing into bitcoin because they believe that bitcoin is a good place to put money, as compared with other places that they might end up putting money.

Sir JJG you may see it that an investor investing aggressively into bitcoin will already have back up funds in place but there are some investor especially newbies who are eager to grow quick may start accumulating aggressively without knowing they need a backup funds in other to prevent them from getting into a financial set back that will lead to them dipping hands into there Bitcoin investment there by slowing down there investment.

Of course that is true.. But you are still making a point that is quite different from the point that I was making and the thing that I was talking about... even though when you responded, you seemed to suggest that you were responding to the situation that I was talking about.

Sir JJG there are somethings that is normal for you and to you an investor should apply that but honestly some investor don't know or have that knowledge.

I don't expect investors to have the same knowledge as me, especially if they are newbie investors (there are also different types of newbies .. newbies to investing and/or newbies to bitcoin), so of course, even within bitcoin threads, the direction of our conversations can go in a variety of ways and still be within the topic of discussion, which means that sometimes we may well be talking about a variety of ideas (or sub-ideas) within the same thread... and within that context, I keep repeating that you brought up a point that is different from the point that I was attempting to outline in terms of an example of a guy who might start out with a large investment into bitcoin and consider how to proceed in spite of his having had started in that kind of a way.. so yeah, my example was meant to show how that might have had played out for a guy who started at or near one of the two 2021 price tops.

However, emergency fund is not mandatory for everyone.

That is a strange statement, and I find it difficult to understand how anyone could consider themselves as an investor in bitcoin without some kind of emergency funds (or back up funds) - and surely there could be some cases in which discretionary income is guaranteed.. and so those funds may well be serving as emergency funds.

Essentially, it makes no sense to me to proclaim that emergency funds are not mandatory... especially if we are talking in terms of investing rather than gambling.. Sure, if you are gambling then there are a lot of things that you can do that no rational person would do, absent some dire circumstances in which they might not have a choice.

[Tonimez]

However, emergency fund is not mandatory for everyone.

That is a strange statement,and I find it difficult to understand how anyone could consider themselves as an investor in bitcoin without some kind of emergency funds (or back up funds) - and surely there could be some cases in which discretionary income is guaranteed.. and so those funds may well be serving as emergency funds.

Essentially, it makes no sense to me to proclaim that emergency funds are not mandatory... especially if we are talking in terms of investing rather than gambling.. Sure, if you are gambling then there are a lot of things that you can do that no rational person would do, absent some dire circumstances in which they might not have a choice.

It is indeed a very strange statement to say that Emergency funds is not mandatory. Anyone who is really interested in bitcoin investment would understand that Emergency funds is a must have to safeguard your bitcoin stash. Anyone who sees emergency funds as not mandatory is either a trader or not ready for bitcoin investment. Gamblers sometimes disguise as investors to spread some false information about bitcoin accumulation and investment strategies.

But there some common unambiguous knowledge that anyone should have...one of them is that Emergency funds is a must have if you really aim at holding for a long time. Tampering with your emergency funds is also another way of leaving bitcoin investment any moment.

[JayJuanGee]

However, emergency fund is not mandatory for everyone.

That is a strange statement, and I find it difficult to understand how anyone could consider themselves as an investor in bitcoin without some kind of emergency funds (or back up funds) - and surely there could be some cases in which discretionary income is guaranteed.. and so those funds may well be serving as emergency funds.

Essentially, it makes no sense to me to proclaim that emergency funds are not mandatory... especially if we are talking in terms of investing rather than gambling.. Sure, if you are gambling then there are a lot of things that you can do that no rational person would do, absent some dire circumstances in which they might not have a choice.

It is indeed a very strange statement to say that Emergency funds is not mandatory. Anyone who is really interested in bitcoin investment would understand that Emergency funds is a must have to safeguard your bitcoin stash. Anyone who sees emergency funds as not mandatory is either a trader or not ready for bitcoin investment. Gamblers sometimes disguise as investors to spread some false information about bitcoin accumulation and investment strategies.

But there some common unambiguous knowledge that anyone should have...one of them is that Emergency funds is a must have if you really aim at holding for a long time. Tampering with your emergency funds is also another way of leaving bitcoin investment any moment.

Several times in this thread, and maybe some of the related threads, we have observed that there are likely a lot of people (especially rich people) who have a lot of various resources, including that they may well have friends and family that would bail them out of short-term cashflow situations.. such as.. this might be dad or mom.. : 

"0h shit, son.. you invested in bitcoin on the dip and you don't have enough money in the bank to cover your rent, car payments or to go on your planned trip to Hawaii for the upcoming weekend..   . no problem.. .. sure, I wished that you had some better cashflow management skills, but that is not a problem and you can just figure all of that later. ... in the meantime, here is a $20k loan.. .. just pay me back whenever you get your cashflow situation back in order"  .. .

In these kinds of rich people situations, the $20k "loan" may not even need to get paid back. .and the son might even have some.. other back up ways to get money in case dad or mom did not bail him out.