Buy Buy Buy or Sell Sell Sell?

[Cossyblack]

However, emergency fund is not mandatory for everyone.

This is very shocking to me that an investor in Bitcoin will not have an Emergency funds nor see it as mandatory.I can't even imagine myself not having an emergency funds or a backup funds in this regard because it's not Idealistic at all. Am sure an investor who doesn't plan on building an emergency funds plans to fail because there's absolutely no way he wouldn't consider having an emergency funds or backup funds if he truly plans on succeeding in his Bitcoin investment. It's very mandatory or highly commended for an investor to start building his emergency funds using his discretional income for the next six months to keeps his Bitcoin investment protected .

Another facts here is that traders that gambles or  are already gambling with their Bitcoin investment always shares this common view that having an emergency funds is not mandatory maybe for traders alone since there are into a short term plan [Buying & selling] makes it more optional for them but doesn't apply to an investor with a long term plan.

[Sonia_123]

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.

That is where you get it all wrong, emergency fund are mandatory, even if you don't have it immediately before starting your investment, you gradually build it up for 3-4 months while you use your discretionary income to start your investment.
Emergency fund is very important in our Bitcoin investment journey, there are some investor who started there bitcoin investment without emergency fund which was later build up later along the line.
So not having emergency fund at the beginning of your bitcoin investment  does not mean that it is not important to your Bitcoin investment, it helps you to keep your investment safe

As soon as your emergency funds are built up for about 3 months of your expenses you can decide to stop adding, except you want to still be increasing your emergency fund due to some personal expenses that might justify increasing your emergency funds to a higher level to at least match 3 months of your expenses, emergency funds are only for emergencies.





 

[Tungbulu]

[edited out]

✂️✂️✂️

I doubt that it is enough to merely have a price and time target since bitcoin as compared with fiat is a moving target and it would likely play out too simply to just have narrow targets, especially if anyone is attempting to actually understand bitcoin as more than just a trade. .but yeah, sure people can do whatever they like in terms of their figuring out what their goals might be within the process of accumulating.. and then figuring out what comes next .. is it just getting in and out of the bitcoin or is there some attempts at maintenance involved.

Bitcoin indeed has quite a volatile and dynamic nature and this nature of bitcoin makes it very difficult and challenging to set simple price and time targets. Bitcoin's value fluctuates rapidly all the time and since Bitcoin is still relatively a new technology, its adoption and use case has the potential to evolve with time. So to truly understand Bitcoin, one needs to consider its underlying technology, it's use cases as well as market trends.

Bitcoin accumulation may indeed be quite a complex process and it's pretty much normal for people to have different goals and expectations when investing. Some might focus more on HODLing for the long term, some might decide to delve into the short term, and others might decide to use it solely as a store of value or even for cross border transactions, and this is why it's important to identify your own goals before delving in, as this could potentially help you choose a strategy that aligns pretty well with that goal.

[Bitcoin.com97]

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.

You are very correct, as long as your discretionary income is available, all your need is consistency , patience and you will be surprised at the level of your accumulation, but as an investor emergency and back up funds are very necessary, it helps in the growth of your investment, if your aim is to hold for a longer term , emergency funds is a must have .

[EarnOnVictor]

[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.

Well, I am still what I am, but with a little twist, and this twist only affects my long-term Bitcoin investment (HODLING) mentality. I continue to stay true to all those views that you know, except for the target plan on the 4-year cycle liquidation. I buy different Bitcoins in different accounts for different reasons.

For more understanding, I liquidated almost all my Bitcoin that I started buying since 2022 in 2024 when I believed it was ripe enough, although that has been my plan. The current belief only suggests that I can just leave that different account stash (for long term) forever. This doesn't apply to all (Bitcoin in other accounts, for different purposes, especially the one you termed for trading).

[Gallar]

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.

In my opinion, emergency funds are not only a must when investing in bitcoin. But we must still have emergency funds even if we do not invest in any assets. So with this, it is certain that if we invest in bitcoin, we must have an emergency fund. Especially for people who already have families who have more needs. Because for people who are still single, emergency funds are still needed if we invest in bitcoin.

But it's a different story for people who are rich, or born from rich people. Of course, people like that don't need to worry about emergency funds. Because basically when experiencing an emergency, people like that will definitely be helped immediately. Whether it's an accident, illness, or something else that is an emergency. Because basically their family is rich. So when they invest in bitcoin, even without having an emergency fund, they will definitely be safe.

But for middle-class people, I think emergency funds are still very much needed. Because of course when an emergency comes, our grip is only on the emergency fund and we cannot rely on other people. Because if you don't have emergency funds, of course the Bitcoin you have collected will be the victim.

[Derekfunds]

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.

I agree with you on this, there are some parents that are stinkingly rich to the point that even if they give their children inform of a loan to pay back sometimes they might not even remember again and even if they remembered sometimes they won't ask for it back because they have enough already. But a good child will always make use of that money very so should in case of next time they will still give him or her.

[AirtelBuzz]

Time never makes you an experienced investor or an old investor. There are some investors whose investment funds are 5 years old, but we can call them new investors. Even a person who has invested for 2-3 years can be called an experienced investor.

Of course time may never make someone an experienced investor but it is true that as time passes, that person will age as an investor. For example if someone has investment funds from a few years ago they might be considered an old investor, but if he does not practice regularly, that is, if he cannot show consistency in his investment practices he will never be able to become an experienced investor. Prioritize these steps which I have shared as my main weapon of experience so far,

• Understanding the Basics
• We'll start small

• And we should consult our reliable experts

The main purpose of this sentence is that long-term planning alone may not be enough for investment. Rather, you have to be consistent with long-term planning and run to achieve the goal.

There are some important information hidden in this sentence, running to achieve the goal, such as we can say that it involves the right strategy, accurate plan and regular practice, which we previously referred to as consistency of practice. Of course it is correct to be consistent with long-term plans perhaps this woman mentioned here is still consistent with her plans. It can definitely be said that the need to acquire Bitcoin is a hundred times greater than the need to acquire a amazing car. In return he is now a millionaire. (He is now owner of $257,000)

[Barikui1]

[edited out]

✂️✂️✂️

I doubt that it is enough to merely have a price and time target since bitcoin as compared with fiat is a moving target and it would likely play out too simply to just have narrow targets, especially if anyone is attempting to actually understand bitcoin as more than just a trade. .but yeah, sure people can do whatever they like in terms of their figuring out what their goals might be within the process of accumulating.. and then figuring out what comes next .. is it just getting in and out of the bitcoin or is there some attempts at maintenance involved.

Bitcoin accumulation may indeed be quite a complex process and it's pretty much normal for people to have different goals and expectations when investing. Some might focus more on HODLing for the long term, some might decide to delve into the short term, and others might decide to use it solely as a store of value or even for cross border transactions, and this is why it's important to identify your own goals before delving in, as this could potentially help you choose a strategy that aligns pretty well with that goal.

Well we can't deny that fact that Bitcoin serves as different purpose for most individual but nothing is more ideal like using it as a store of value because as long as you sees it that way, their is no way you will be thinking of selling it off in the nearest future, the minimum timeframe it will be held will be 10 years interval, and am quite positive that most of this organization buying Bitcoin are doing it as for the same purpose, and since Bitcoin is relatively young, the growth potential is just too visible for a smart thinking person to ignore.

So not seeing it as a store of value or seeing it as a means of making quick money is a terrible thinking actually and it's not the best way to achieve something big from your Bitcoin holdings.

[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.

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.

Wow, this statement here is just shocking because in my own opinion, the most surest way to fail in  your Bitcoin investment is not having an emergency funds in place that is going to protects your holdings when in serious financial needs or emergency situation that may have warrant you to temper with your Bitcoin holdings, so am very surprised by this statement here, because even someone that is not into any form of investment have an emergency funds just in case of any emergencies, talkless of someone that is investing in Bitcoin, do not try this shit you are talking of because emergency funds is the brain behind the longevity of your capability to hold in a very long period of time.

[Slimzeee]

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.. : 

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.

To be honest, the whole idea of emergency funds being pressed on people’s necks sounds a bit off to me.
First of all, we’re always told to only invest what we can afford to lose something that won’t break your back if it disappears.
Then, regardless of any aid or help you might get, you’re still expected to have some financial capability to handle your regular struggles without throwing all your money into crypto.
But does it really have to be called “emergency funds”?

[Jostern]

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.

You're absolutely right, I've come to understand that there are so many folks who do invest in Bitcoin who are from a rich and wealthy family and they don't seems to know what emergency, reserved funds is all about, because they always have cash or money to save them from any emergency situation they might find themselves in, they have family members or parents who are there to always help them with some bills and expenses they don't even have to struggle with getting a job or source of income, there wealth is there to always keep them a floating, they don't even have to touch there Bitcoin investment because everything they need and require is always mapped out for them.

[Finebone]

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.. :  

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.

To be honest, the whole idea of emergency funds being pressed on people’s necks sounds a bit off to me.
First of all, we’re always told to only invest what we can afford to lose something that won’t break your back if it disappears.
Then, regardless of any aid or help you might get, you’re still expected to have some financial capability to handle your regular struggles without throwing all your money into crypto.
But does it really have to be called “emergency funds”?

Are you really serious about your Bitcoin investment in the first place? Because if you are that serious about it, you will understand that for the security of your holdings, for you not to temper with it in the future, emergency funds must be there, because it stands as the last thing that protects your Bitcoin investment from emergency situation that may have warrant you to sell off your holdings, so if you are truly serious about your Bitcoin investment, having an emergency funds is not optional, it is a must.
Why would you be saying that emergency funds being press on people's neck is a bit off to you? Don't you know that for you to be successful in your holdings, you must do what's needs to be done, and doing it well is mandatory, unless you are planning on failing.

[adultcrypto]

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.

I agree with you on this, there are some parents that are stinkingly rich to the point that even if they give their children inform of a loan to pay back sometimes they might not even remember again and even if they remembered sometimes they won't ask for it back because they have enough already. But a good child will always make use of that money very so should in case of next time they will still give him or her.

This depends on the parents though because not all parents can easily give out loan to their children without enough information on what they want to use the money for. Unless the child will have to lie about it which is not good, some parents would still insist on knowing what the loan is for. I think it will be better to convince the parents on the prospect of bitcoin and while they have to render the support, this may even get the parents to invest in bitcoin, an investment they will be happy and proud of their son in a couple of years to come. If I have rich parents, there is no way I will not discuss investing in bitcoin with them, we can even do that as joint investment for the family or I team up with my sisters to convince my mum first for a joint family investment in bitcoin. Good thing we have many big organizations and governments investing in bitcoin now, that will make the explanation easier and fruitful.

[Sim_card]

[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.

Well, I am still what I am, but with a little twist, and this twist only affects my long-term Bitcoin investment (HODLING) mentality. I continue to stay true to all those views that you know, except for the target plan on the 4-year cycle liquidation. I buy different Bitcoins in different accounts for different reasons.

For more understanding, I liquidated almost all my Bitcoin that I started buying since 2022 in 2024 when I believed it was ripe enough, although that has been my plan. The current belief only suggests that I can just leave that different account stash (for long term) forever. This doesn't apply to all (Bitcoin in other accounts, for different purposes, especially the one you termed for trading).

You cannot outsmart the market in the long run because bitcoin price increases overtime. Your price target to take profit as a trader is very small compared to the height that bitcoin price will reach in future. I believe that you are in regrets now for not having those quantity of bitcoin that you sold very cheap at $73+ or so. You will appreciate investing in bitcoin if you can only build and grow your bitcoin stash for more than two circles with only buying and not selling, but when your mindset is in a short term, you cannot resist the temptation of selling.

Don't have a price target to sell but have a bitcoin target to accumulate, it will help you overcome the temptation of selling too soon without reaching your bitcoin target.

[EarnOnVictor]

[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.

Well, I am still what I am, but with a little twist, and this twist only affects my long-term Bitcoin investment (HODLING) mentality. I continue to stay true to all those views that you know, except for the target plan on the 4-year cycle liquidation. I buy different Bitcoins in different accounts for different reasons.

For more understanding, I liquidated almost all my Bitcoin that I started buying since 2022 in 2024 when I believed it was ripe enough, although that has been my plan. The current belief only suggests that I can just leave that different account stash (for long term) forever. This doesn't apply to all (Bitcoin in other accounts, for different purposes, especially the one you termed for trading).

You cannot outsmart the market in the long run because bitcoin price increases overtime. Your price target to take profit as a trader is very small compared to the height that bitcoin price will reach in future. I believe that you are in regrets now for not having those quantity of bitcoin that you sold very cheap at $73+ or so. You will appreciate investing in bitcoin if you can only build and grow your bitcoin stash for more than two circles with only buying and not selling, but when your mindset is in a short term, you cannot resist the temptation of selling.

Don't have a price target to sell but have a bitcoin target to accumulate, it will help you overcome the temptation of selling too soon without reaching your bitcoin target.

Should I view this as spam or what? Or are you writing to seek @JayJuanGee's merit? Because your response is just uncalled for, your opinion doesn't count here, please.

It was a direct response to @JayJuanGee, and has tackled all aspects of whatever you can use your Bitcoin for in the form of diversification, so why preach against what is working for me, even when I do long-term investment as well? Please, keep your approach to Bitcoin investing to yourself. Your style and plan mustn't be my style and plan.

[I_Anime]

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.

That's true most of folks are not bothered with emergency funds that much because their guidance usually act like one for them, like some one who is still leaving in Under his parents roof and same time accumulating Bitcoin for instance, are in advantage . Because their parents are going to be one taken care of their need while they use their allowance to accumulate Bitcoin, especially when the folk have a well paying skill that can earn he or she some extra bucks .

So for such person emergency funds is not completely necessary, because their parents has already being playing such role for them in taken care of their needs and stuff .

[Miles2006]

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.. : 

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.

To be honest, the whole idea of emergency funds being pressed on people’s necks sounds a bit off to me.
First of all, we’re always told to only invest what we can afford to lose something that won’t break your back if it disappears.
Then, regardless of any aid or help you might get, you’re still expected to have some financial capability to handle your regular struggles without throwing all your money into crypto.
But does it really have to be called “emergency funds”?

Firstly, it’s called emergency funds giving the reason most times we encounter difficulties unexpected so in such situation instead of withdrawing our bitcoin the emergency saving stands as an alternative, definitely bitcoin investment is all about a long period of time and thinking it takes just 4 or 3 years to build a solid portfolio well it all depends and obviously reaching a good target can go beyond 4 years. Having a wealthy parents can be a little supportive, honestly those who have such parents still save for the future, I guess the name emergency fund sound troublesome to you but funny enough an investor still have to save for an alternative fund. For the fact emergency funds is essential for a growing investment plan expect you have a wealthy parents that’s willing to support.

[Sticky Bomb]

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.

Yeah and if the lad has some brain inherent, they can continue to leverage on their various backup plans and use the excesses and personal income to increase their aggressiveness in their accumulation journey. I remember when I wanted to learn a skill and considering the fact that feeding would be my greatest challenge, alongside some little expenses, so it would take a longer time to gather funds to pay for it. I targeted when I would be home and leveraged on free food for a while while preserving earnings until it was enough to take the training, had dad drop me off on different occasions at the training centre and supported me with transportation fee and miscellaneous when I requested it in a bid to support me learning the skill, so I learned the skill without much difficulty.

A smart youngie who have come to know and accumulate bitcoin can leverage on many backup plans and people he has and maintain his accumulation journey for a a timeframe sequel to when he balances his financial life, stabilizes his income and can now continue on his own. By then he might have even accumulated a good quantity of bitcoin instead of just folding his hands and waiting until he gets a steady job or income source before starting out his accumulation journey.

[Stormisover]

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.. : 

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.

To be honest, the whole idea of emergency funds being pressed on people’s necks sounds a bit off to me.
First of all, we’re always told to only invest what we can afford to lose something that won’t break your back if it disappears.
Then, regardless of any aid or help you might get, you’re still expected to have some financial capability to handle your regular struggles without throwing all your money into crypto.
But does it really have to be called “emergency funds”?

The ideas and concepts of emergency funds is not being pressed on any one rather it's important can never be over emphasized, it is a safety cushion that will helps in the time of emergency, you don't know when it will happen so instead of running to our investment to other to meet up with this emergency demand the emergency funds will be use, there is differences between money to be use to take care of basic needs and that of the emergency funds, the emergency funds takes care of sudden and unplanned expenses such as car repairs or maintenance, sudden medical bills etc.