Buy Buy Buy or Sell Sell Sell?

[Joeboy]

~snip~

Yes, sickness should not automatically cancel a person's bitcoin plan because if we are being nobody is 100 percent fine forever and this is why emergency funds are not meant to be luxury but funds you keep for protection. Once you are able to secure an emergency funds, sickness will not force you to touch your bitcoin or even start selling at the worse time just to survive.

What I've just said above is like the fundamental plan any investor needs to set to have a successful bitcoin accumulation but reality can hurt such plans especially when you clearly know health is wealth and the health is calling big. If you are seriously ill and need to pause accumulation to focus on treatment, please we should know it is not weakness or lack of seriousness but wisdom. Because we also need to remember bitcoin will still be there even when you recover from your illness but your health is not something you can buy back when you lose it so if it TRULY calls for you to pause or even sell your own bitcoin assets, please go ahead and sell it, treat your self and make sure you buy back immediately when you are fit.

I disagree with you 100% even if you invest money in bitcoins, you can still touch it if you are not feeling good, because if you check around is not every body likes to help any more, peoples haves money in this country but to help is very hard for then, you will see some one in bad condition and they won’t help, is when the person have gone already that’s when they will be regretting, so even if you invest money in your in your bitcoins account you can still touch it when you are not feeling good because no one cares.

This is completely wrong, I doubt if you truly know what volatility is? Volatility means that Bitcoin is constantly fluctuating and what you bought today may not be the price that you sell if you touch your Bitcoin. You may even sell lower than you bought it and  such a loss is final, there isn't a possible recovery of that loss... This is why it is important to always build an emergency funds. It can be done alongside your accumulation, so that when any emergency situation comes up, you can be able to solve it without breaking your accumulation..

[HajiBagi]

You're right. Being sick shouldn't be an excuse people shouldn't accumulate bitcoin. If the investor is seriously sick and is under medical care,then he is allowed to paused his accumulation and focus on his health as attending to his health is a top priority. When the investor has become well,he can decide whether to continue accumulating bitcoin. If an investor is seriously down due to some illness, and he decides to pause his bitcoin accumulation for the time being doesn't mean that the said Investor is not serious about accumulating bitcoin.

Yes, sickness should not automatically cancel a person's bitcoin plan because if we are being nobody is 100 percent fine forever and this is why emergency funds are not meant to be luxury but funds you keep for protection. Once you are able to secure an emergency funds, sickness will not force you to touch your bitcoin or even start selling at the worse time just to survive.

What I've just said above is like the fundamental plan any investor needs to set to have a successful bitcoin accumulation but reality can hurt such plans especially when you clearly know health is wealth and the health is calling big. If you are seriously ill and need to pause accumulation to focus on treatment, please we should know it is not weakness or lack of seriousness but wisdom. Because we also need to remember bitcoin will still be there even when you recover from your illness but your health is not something you can buy back when you lose it so if it TRULY calls for you to pause or even sell your own bitcoin assets, please go ahead and sell it, treat your self and make sure you buy back immediately when you are fit.

You can’t be sick and you are holding bitcoin, that is wrong decision by any investors, but as an investor, if you invest in bitcoin and you don’t have emergency funds you are not a good investor, no one will use all his funds to invest in bitcoin and when he is sick he will not be able to treat himself, before thinking of buying bitcoin, you have to know that bitcoin is a long term investment and you should have a proper plan before thinking of buying bitcoin.

It is a very risky to not have emergency funds when you as an investor, what if the sickness lead to another level, how are you going to do? Because sickness can not be avoided and it will make you touch your bitcoin and the those plans you made for your future are not going to happen, an investor should be prepared to face any challenges by doing the right thing at the right time to make sure they succeed when holding bitcoin for a long period of time.

[Umulala-alala]

You're right. Being sick shouldn't be an excuse people shouldn't accumulate bitcoin. If the investor is seriously sick and is under medical care,then he is allowed to paused his accumulation and focus on his health as attending to his health is a top priority. When the investor has become well,he can decide whether to continue accumulating bitcoin. If an investor is seriously down due to some illness, and he decides to pause his bitcoin accumulation for the time being doesn't mean that the said Investor is not serious about accumulating bitcoin.

Yes, sickness should not automatically cancel a person's bitcoin plan because if we are being nobody is 100 percent fine forever and this is why emergency funds are not meant to be luxury but funds you keep for protection. Once you are able to secure an emergency funds, sickness will not force you to touch your bitcoin or even start selling at the worse time just to survive.

What I've just said above is like the fundamental plan any investor needs to set to have a successful bitcoin accumulation but reality can hurt such plans especially when you clearly know health is wealth and the health is calling big. If you are seriously ill and need to pause accumulation to focus on treatment, please we should know it is not weakness or lack of seriousness but wisdom. Because we also need to remember bitcoin will still be there even when you recover from your illness but your health is not something you can buy back when you lose it so if it TRULY calls for you to pause or even sell your own bitcoin assets, please go ahead and sell it, treat your self and make sure you buy back immediately when you are fit.

I disagree with you 100% even if you invest money in bitcoins, you can still touch it if you are not feeling good, because if you check around is not every body likes to help any more, peoples haves money in this country but to help is very hard for then, you will see some one in bad condition and they won’t help, is when the person have gone already that’s when they will be regretting, so even if you invest money in your in your bitcoins account you can still touch it when you are not feeling good because no one cares.

But I can assure you that if you build a very large emergency funds you will surely solve whatever problems you want to solve without tempering your investment, that’s why many people need to have some savings when you know your worth of income but when the situation come becomes critical, that emergency will end at some point then we need more money by that time we have to arrange money in any way to safe life.

If it requires a matter of life and death and selling some part of your bitcoin accumulation is the only solution there will be no harm selling maybe in a situation were your emergency was unable to solve it, this is the advantage that rich investors always have they already have enough emergency fund to take care of their unexpected misfortune, but as a person who doesn't have enough emergency fund can sell when it involves life and death because i believe that it's when you stay alive that you can buy bitcoin and hodl.

[Davidloki]

Currently as I have learned so far ,I have been informed that in Bitcoin investments that their is no perfect time to buy or to sell ,that if you have money to invest you should invest because the more you are weating for Bitcoin to decrease before you buy that's more time you are wasting,so the perfect time is to invest in to Bitcoin at anytime time ,but do it with your spear money (descretionary income )so that if the investment doesn't go well you can't even regret it,so invest at anytime ,to be at the safer side you can
sell at the top and buy at the bottom.

There is definitely no perfect time to invest in bitcoin, because waiting on the perfect time is like wasting more time. The most important thing to have a plan on your income and once you have been able to take care of your saving, emergency funds, and money to run your daily life, the  money left which is your discretionary income and be used to invest in bitcoin. You can do the consistently by applying the DCA strategy and you will be surprise on how much bitcoin you have accumulated overtime.

[ASloveapg]

~snip~

Yes, sickness should not automatically cancel a person's bitcoin plan because if we are being nobody is 100 percent fine forever and this is why emergency funds are not meant to be luxury but funds you keep for protection. Once you are able to secure an emergency funds, sickness will not force you to touch your bitcoin or even start selling at the worse time just to survive.

What I've just said above is like the fundamental plan any investor needs to set to have a successful bitcoin accumulation but reality can hurt such plans especially when you clearly know health is wealth and the health is calling big. If you are seriously ill and need to pause accumulation to focus on treatment, please we should know it is not weakness or lack of seriousness but wisdom. Because we also need to remember bitcoin will still be there even when you recover from your illness but your health is not something you can buy back when you lose it so if it TRULY calls for you to pause or even sell your own bitcoin assets, please go ahead and sell it, treat your self and make sure you buy back immediately when you are fit.

I disagree with you 100% even if you invest money in bitcoins, you can still touch it if you are not feeling good, because if you check around is not every body likes to help any more, peoples haves money in this country but to help is very hard for then, you will see some one in bad condition and they won’t help, is when the person have gone already that’s when they will be regretting, so even if you invest money in your in your bitcoins account you can still touch it when you are not feeling good because no one cares.

This is completely wrong, I doubt if you truly know what volatility is? Volatility means that Bitcoin is constantly fluctuating and what you bought today may not be the price that you sell if you touch your Bitcoin. You may even sell lower than you bought it and  such a loss is final, there isn't a possible recovery of that loss... This is why it is important to always build an emergency funds. It can be done alongside your accumulation, so that when any emergency situation comes up, you can be able to solve it without breaking your accumulation..

But we need to keep ourselves stable in holding investments with a stronger mentality during such volatility, because volatility is something that will force you to sell your investments, but this is the biggest challenge, those who strengthen themselves during such volatility and can avoid it through their beliefs, then their chances of long-term survival are much better, and in this way they can hold on to their investments consistently, which will definitely lead to success.

[Gost ms]

Currently as I have learned so far ,I have been informed that in Bitcoin investments that their is no perfect time to buy or to sell ,that if you have money to invest you should invest because the more you are weating for Bitcoin to decrease before you buy that's more time you are wasting,so the perfect time is to invest in to Bitcoin at anytime time ,but do it with your spear money (descretionary income )so that if the investment doesn't go well you can't even regret it,so invest at anytime ,to be at the safer side you can
sell at the top and buy at the bottom.

There is definitely no perfect time to invest in bitcoin, because waiting on the perfect time is like wasting more time. The most important thing to have a plan on your income and once you have been able to take care of your saving, emergency funds, and money to run your daily life,  the  money left which isyour discretionary income and be used to invest in bitcoin. You can do the consistently by applying the DCA strategy and you will be surprise on how much bitcoin you have accumulated overtime.

Yes, there is no perfect time to invest. Waiting for the perfect time to invest is a waste of time and missing out on a purchase opportunity in your life.

Emergency fund needs to be built with your discretionary income. It is never a good idea to build an emergency fund with your required money. Because if you build an emergency fund with your required money, then if you need that amount of money, then you may have to take money from the emergency fund. So it is always necessary to build an emergency fund with your discretionary income. An emergency fund is created to deal with your unexpected financial disaster. So if you do not have an emergency fund or do not have money in the emergency fund at the time of your unexpected financial disaster, then you will not be able to deal with the financial disaster.

[Proty]

This is completely wrong, I doubt if you truly know what volatility is? Volatility means that Bitcoin is constantly fluctuating and what you bought today may not be the price that you sell if you touch your Bitcoin. You may even sell lower than you bought it and  such a loss is final, there isn't a possible recovery of that loss... This is why it is important to always build an emergency funds. It can be done alongside your accumulation, so that when any emergency situation comes up, you can be able to solve it without breaking your accumulation..

Yes you quite right. Volatility is one thing that makes bitcoin a high risk asset making it not suitable for short term holding. As result of volatility trading bitcoin is very risky. Yes as a result of volatility the price of bitcoin today may not be the same after some time so whoever that is coming into bitcoin investment with the mindset of making profit may not end up in loss because of the nature of bitcoin.

[Muba20]

It is easy to imagine of an investment with a price of Bitcoin goes up next 5 years but we know 5 years is not a too short waiting time. Especially in situation of leveraging your investment capital with 150% of your annual income, this practice turns to be very risky.

That person need money to spend, and by leveraging 150% of annual income for investment in Bitcoin, that means the person already overspend money for investment while he will need to have money for regular bills and spendings. This greedy and leveraged investment style puts that person's financial status at verge of bankruptcy anytime.

If his income source is broken, his finance will be in big trouble. Another case is if Bitcoin won't go up but go down instead in next several years.

If it's like this of course the tool we have to have is an emergency fund because in those 5 years we use tools for our daily life needs whether we have a family or not. It's certainly a good idea to wait for Bitcoin's price to rise over the next five years, but the question we need to discuss here is whether utilizing the capital from the 150% annual income will be sufficient or whether we need other funds saved.

Spending large sums of money if it doesn't benefit us in what we want to do is certainly better not to because we never know how often in our daily lives there will be bills lurking. People who use their 150% annual income to invest in Bitcoin certainly have other funds set aside for when bills come their way. If they don't have enough they won't be fully invested. In the near term there will certainly be needs that must be met. If not they will immediately sell their Bitcoin to meet their needs without considering long-term investment.

This is something we need to maintain because Bitcoin's price will not continue to rise. If this happens to our finances we will certainly be at great risk as everything depends on our income.

Most of us have the belief that Bitcoin will perform well in the long run. But the problem arises when someone ignores the real needs of life in the hope of possible future gains. The reality for people like us is that the market does not move on our timeline, but rather we move on the timeline of our family responsibilities.
While it is easy to talk about investing 150% of our annual income, it is a little more difficult when that 150% is not surplus capital but money for needs.In my opinion, investing in Bitcoin should be for the future, but living life with the assurance of the present.

It is difficult to predict the rise and fall of the market. No one can say for sure when the market will rise or when there will be a major decline. Money and time are specific and real for everyone's basic needs. Therefore, it is not right to neglect the security of the present by thinking about the possibilities of the future. Investment is healthy only when one invests after fulfilling his needs. 150% investment can create a deficit in debt, necessities or basic expenses for many. Even though investment is for the future, life is based on the present. It is safest and ideal to continue investing while keeping the basic expenses, responsibilities and mental stability of oneself and family intact. The amount is not important, whether one invests 150% or 50%, it is more important whether one is investing after ensuring needs, responsibilities or security from his income. Investing properly does not make anyone financially stuck. Therefore, the way to survive in the long run is to maintain mental stability, arrange a natural pace in life and do proper financial management.

[Derekfunds]

You're right. Being sick shouldn't be an excuse people shouldn't accumulate bitcoin. If the investor is seriously sick and is under medical care,then he is allowed to paused his accumulation and focus on his health as attending to his health is a top priority. When the investor has become well,he can decide whether to continue accumulating bitcoin. If an investor is seriously down due to some illness, and he decides to pause his bitcoin accumulation for the time being doesn't mean that the said Investor is not serious about accumulating bitcoin.

Yes, sickness should not automatically cancel a person's bitcoin plan because if we are being nobody is 100 percent fine forever and this is why emergency funds are not meant to be luxury but funds you keep for protection. Once you are able to secure an emergency funds, sickness will not force you to touch your bitcoin or even start selling at the worse time just to survive.

What I've just said above is like the fundamental plan any investor needs to set to have a successful bitcoin accumulation but reality can hurt such plans especially when you clearly know health is wealth and the health is calling big. If you are seriously ill and need to pause accumulation to focus on treatment, please we should know it is not weakness or lack of seriousness but wisdom. Because we also need to remember bitcoin will still be there even when you recover from your illness but your health is not something you can buy back when you lose it so if it TRULY calls for you to pause or even sell your own bitcoin assets, please go ahead and sell it, treat your self and make sure you buy back immediately when you are fit.

I disagree with you 100% even if you invest money in bitcoins, you can still touch it if you are not feeling good, because if you check around is not every body likes to help any more, peoples haves money in this country but to help is very hard for then, you will see some one in bad condition and they won’t help, is when the person have gone already that’s when they will be regretting, so even if you invest money in your in your bitcoins account you can still touch it when you are not feeling good because no one cares.

You can only touch your investment when you are not prepared and not determined and I think we should try to be positive about whatever thing we are doing I know there are things we can nor run from but regardless we should always stay positive all the time instead of talking about sickness and things that won't affect our investment and sometimes negative vibes can hinder plans and goals and the reason some have not make it in life is because of how they think ( some people are very negative In thought/thinking) and is very bad and can be harmful.

[ejikeme24]

[Edited out]

It's wrong to sell your bitcoin holdings whenever you want, if it's the case of emergency like health challenges which should be our most priorityat that time, you must ensure to make use of your emergency fund but if your emergency fund is not enough then you can tap into your bitcoin investment. Just like you said it'll be a good thing if folks can build their emergency fund alongside their bitcoin accumulation and quicker so they won't  be needing to tap into their bitcoin investment but then, there could also be limitation to why they can't possibly build their emergency fund quicker which could be as a result of their income, improper planning.
Again folks can sometimes get really dramatic and build a mindset that they can possibly go back to their bitcoin accumulation even if it's not worth it, and people who have built such mindset might end up tapping further on their bitcoin accumulation to satisfy other wants they term important. Which is why we need to clearly define what we call emergency situation and not some emotional issues spending issues.

You're right about that, if you read through the post I quoted you would see that he was concerned about selling his holdings when there's emergency need and it turns out that he don't have enough emergency to sort it out that he would definitely tap his holdings so that's the reason why I said he has every right to sell whenever he wished but truly selling our Investment when it is not yet matured is totally wrong but sometimes Life can hit us hard to a point Where the money we saved for emergency will not be enough to solve whatever it is that we would like to solve but instead of going for a lon it is better we sell a little portion from our holdings to solve those challenges maybe after everything we would definitely look for a way to put back the money we collected from our investment.

[Cryptoprincess101]

You can only touch your investment when you are not prepared and not determined and I think we should try to be positive about whatever thing we are doing I know there are things we can nor run from but regardless we should always stay positive all the time instead of talking about sickness and things that won't affect our investment and sometimes negative vibes can hinder plans and goals and the reason some have not make it in life is because of how they think ( some people are very negative In thought/thinking) and is very bad and can be harmful.

No, as you are positive you also have to balance it up with the possibility of negativity because as humans you can't just think that everything will work the way you planned just because you are a positive person. Unforeseen circumstances happen so if you don't prepare your mind ahead you might find yourself in total dismay when such thing happen. Many people who got sick today didn't know that they would find themselves in such situation years back so imagine someone who did not map out plan for such scenario, how can he be able to afford money for treatments. Sickness is justifiable reason why an investor can decide to sell some of his bitcoins because it is a matter of life and death. It is good to be positive, but you should also prepare your mind for worst days.

[JayJuanGee]

Snip

Indeed our bitcoin investment shouldn't be seen as a burden it should be done flexibly with our discretionary income. But then, investing from our discretionary income doesn't guarantees us peace as some folks probably newbies who have up to 50% of their income as discretionary income might still panic when they see price changing direction, another scenario is probably someone who have accumulated for a long period of time, let's say 5 years and suddenly his accumulation seemed to become much of a big deal let's assume having invested 150% of his yearly income for the 5 years which means he invest 30% of his yearly income to bitcoin, again maybe he has never saved up to his yearly income before, the chances of being tempted to sell would be on the high side since he certainly wouldn't want to lose that money.

The solution to having better peace of mind, is by developing a more neutral psychological perspective about your bitcoin investment, since he certainly hasn't saved up to his yearly income before, there are chances that he is spending it all on wants and liabilities, however he can as well consider his bitcoin investment as another spending just like other times that he probably may not get back.

If a guy had been able to put 150% of his annual income into bitcoin over 5 years, then surely he had front loaded and even potentially created a strong investment base in the event that bitcoin ends up continuing to go up in the future. 

Sure, he could be tempted to tap into it, yet if he taps into it, he would still be likely depleting it rather than letting it ongoingly grown

In your example, he had also gotten his BTC investment up to that size by investing 30% of his income into bitcoin on an ongoing basis, so he may well not be receptive to reducing his bitcoin holdings, even though he might be tempted to take some of the money that he had been investing into bitcoin and either reduce it or to divert that money in other places in order to feel that he has some balance in other places, especially since he had gotten his bitcoin to a relatively strong foundational level.

We cannot put our thinking into the head of another guy.  I would imagine that over the previous 5 years the bitcoin price had gone up and down, and it could be possible that the bitcoin price could go up in a short period of time after he had already built up his bitcoin foundation.. so yeah, he likely needs to have some plans in place how he is going to deal with future bitcoin volatility, including likely the most immediate concerns about the extent to which he considers that he is still accumulating bitcoin and then other considerations in regards to if their might be circumstances that he might sell any since I would not consider him to necessarily be at a point that he would want to start withdrawing, even though he might start to feel that he is at a point that he can modify any future BTC accumulation that he does.

Perhaps in such scenarios guys who must have reach such level of accumulation is likely to continue the accumulation process yet not as much as they would be aggressive in the early days, hence I also imagine one could at some point want to stop accumulation or probably have the thought to take profit 4 years or 1 cycle after he must have reach the over accumulation position, yet arguably over accumulation is likely never reached in most cases as guys who have cultivated the discipline to accumulate bitcoin over a long term might want to still keep the energy regardless of how much BTC they might have been able to accumulate.

Additionally, I also have figured out that it’s quite obvious that we have a very few number of guys who might have reach a significant position of accumulation where they would consider it necessary to start withdrawal processes hence if not little to no one in this thread have been able to achieve the over accumulation position judging from our registration dates, however we might achieve such position in the next 2 to 3 cycles more if we are able to maintain the discipline to keep accumulating, knowing that bitcoin is quite not 100% guaranteed yet more guaranteed than every other investment one can think of today, hence accumulation is one of the most top priorities that guys like me will keep up with.

I am not sure Churchillvv.   Surely guys can figure out what they are going to do, whether they are going to adjust once they have reached certain  statuses, and it would not be impossible for a guy to invest 150% of his annual income into bitcoin within 5 years.  Let's plug the specific numbers into an example, and then you tell me what you would do, or what any reasonable (bitcoin enthusiast) guy should do?

Let's say that we have a guy who is in his late 20s (let's say he is currently 28).  Right around the time that he was 19 years old, he got trained as an electrician, and it took him around 3 years before he started to be able to earn a steady income of $30k (sure he might have had gotten promotions etc, but we are going to use this as an example for simplicity sake). 

Largely he started to invest $180 per week (about 31% of his income) into bitcoin when he was 23, and he had largely already established his back up funds system to a sufficient amount and he led a very low consumption lifestyle.  So if he started investing in bitcoin 5 years ago, then that would have had been January of 2021, and so he accumulated about 1.16 bitcoin during that time.

Perhaps he plans that he is going to keep on working and keep on accumulating BTC until his bitcoin stash can support an income of at least $80k per year.  He might tentatively consider that once his bitcoin stash can support him at least $80k per year, then he is going to quit his work and live off of his bitcoin.

When he looks at the projection of sustainable withdrawal, he sees that his current stash of 1.16 BTC would support an income of about $6,700 per year ($560 month), which truly is not even close to enough.  He also looks into the [ur=https://asktom.cf/index.php?topic=5376945.msg65653923#msg65653923l]future projections of BTC prices (specifically the 200-WMA projections), and he sees that maybe in about 2035 or sometime after that[/url], he might be able to get a sustainable withdrawal income of $80k per year with a bitcoin stash size of around 2 BTC, so what do you think that the guy is going to do?

I personally think that he is motivated to keep stacking BTC.

Do you think that the guy should be motivated in some other way?  Of course, he could give up on BTC or change his mind or cash out what he had so far accomplished, yet I am not going to presume that he is going to do such a thing, even though guys can do whatever they like (even dumb shit).

I think that part of my point is that a guy who had already spent 5 years aggressively stacking bitcoin, is likely to be informed based on his current BTC stash and also he can reassess his goals in light of the progress that he had already made.  Each person has to answer for himself whether he is going to stick with the same path or if he is going to modify his path.  I would concede that it might be difficult for anyone to continue to sustain an investment rate that is something like 31%, so it may well be prudent of him to decrease the percentage of his income that he is investing.  A guy in his late 20s might also be subjected to promotions, especially a guy who has electrician training.

If a guy had been able to put 150% of his annual income into bitcoin over 5 years, then surely he had front loaded and even potentially created a strong investment base in the event that bitcoin ends up continuing to go up in the future. 

Sure, he could be tempted to tap into it, yet if he taps into it, he would still be likely depleting it rather than letting it ongoingly grown

It is easy to imagine of an investment with a price of Bitcoin goes up next 5 years but we know 5 years is not a too short waiting time. Especially in situation of leveraging your investment capital with 150% of your annual income, this practice turns to be very risky.

That person need money to spend, and by leveraging 150% of annual income for investment in Bitcoin, that means the person already overspend money for investment while he will need to have money for regular bills and spendings. This greedy and leveraged investment style puts that person's financial status at verge of bankruptcy anytime.

If his income source is broken, his finance will be in big trouble. Another case is if Bitcoin won't go up but go down instead in next several years.

We were not talking about leveraging.

We were talking about investing 150% of the annual income over 5 years.  That is about 31% per year of the annual income... which is a lot, but it is possible to accomplish in some circumstances.

You are talking about (responding to) something else, which was not what anyone said.

[I_Anime]

You can only touch your investment when you are not prepared and not determined and I think we should try to be positive about whatever thing we are doing I know there are things we can nor run from but regardless we should always stay positive all the time instead of talking about sickness and things that won't affect our investment and sometimes negative vibes can hinder plans and goals and the reason some have not make it in life is because of how they think ( some people are very negative In thought/thinking) and is very bad and can be harmful.

No, as you are positive you also have to balance it up with the possibility of negativity because as humans you can't just think that everything will work the way you planned just because you are a positive person. Unforeseen circumstances happen so if you don't prepare your mind ahead you might find yourself in total dismay when such thing happen. Many people who got sick today didn't know that they would find themselves in such situation years back so imagine someone who did not map out plan for such scenario, how can he be able to afford money for treatments. Sickness is justifiable reason why an investor can decide to sell some of his bitcoins because it is a matter of life and death. It is good to be positive, but you should also prepare your mind for worst days.

This is  where emergency funds comes in , An emergency fund is money you set aside to cover unexpected expenses like medical bills, car repairs, or sudden job loss so you don’t have to rely on credit cards or loans or your bitcoin investment (lol) .

There are many investors at there , their bitcoin investments is playing the role of emergency funds which is wrong . Because you are not following the right principles, normally one should have an emergency funds separate from their investment so that he or she won’t endup slowing that investment down all the name of taken care of unexpected expenses.

[The Founding Titan]

If a guy had been able to put 150% of his annual income into bitcoin over 5 years, then surely he had front loaded and even potentially created a strong investment base in the event that bitcoin ends up continuing to go up in the future. 

Sure, he could be tempted to tap into it, yet if he taps into it, he would still be likely depleting it rather than letting it ongoingly grown

It is easy to imagine of an investment with a price of Bitcoin goes up next 5 years but we know 5 years is not a too short waiting time. Especially in situation of leveraging your investment capital with 150% of your annual income, this practice turns to be very risky.

That person need money to spend, and by leveraging 150% of annual income for investment in Bitcoin, that means the person already overspend money for investment while he will need to have money for regular bills and spendings. This greedy and leveraged investment style puts that person's financial status at verge of bankruptcy anytime.

If his income source is broken, his finance will be in big trouble. Another case is if Bitcoin won't go up but go down instead in next several years.

Would it really lead to bankruptcy if a person spreads out 150% of his annual in his bitcoin investment over 5 years? That should be about 30% of his annual income every year for 5 years and while it might seem like alot there are people who can actually front load that much with losing their financial stability, I mean it might actually not be a regular occurrence but there is a minority of people who can actually get 50% of their income as discretionary meaning that they have quite a good amount to potentially invest in bitcoin with and for people like this investing 150% of their annual income in bitcoin over 5 years is very much possible and wouldn't leave them bankrupt, they would still even have enough discretionary in-between for their emergency fund as well because 150% of their annual income would be 30% of their income across 5 years.

[Brizi5000]

You're referring to the unpredictability of cryptocurrency markets! It's frustrating when coins drop in value after buying or appreciate after selling. This volatility is normal, especially with Bitcoin, which has seen significant fluctuations.

Currently, Bitcoin's price is around $90,047, and experts predict it may rise to $103,952 by February 2026. Some forecasts even suggest it could reach $150,000 to $200,000 by the end of 2026 .

Whether it's a buy or sell time depends on your investment goals and risk tolerance. If you're looking for long-term growth, now might be a good time to invest. However, if you're looking for short-term gains, it's essential to monitor market trends and set clear entry and exit points.

Keep in mind that cryptocurrency investments carry risks, and it's crucial to do your own research and consider multiple sources before making decisions.

Would you like more information on Bitcoin's price predictions or investment strategies?

to hell with crypto, your continuous use of the word cryptocurrency in a thread where the discussion is basically bitcoin could be misleading as you are trying to describe bitcoin as a cryptocurrency. its better you go straight and invest in bitcoin and not just using vague term like cryptocurrency which are associated with so many misleading shitcoins out there. bitcoin investment is a long term investment and investing in it you need to set the long term goal of consistent buying and holding for long term purpose, anything other than that is not an  investment but cheap trading.

[AuchanX]

If a guy had been able to put 150% of his annual income into bitcoin over 5 years, then surely he had front loaded and even potentially created a strong investment base in the event that bitcoin ends up continuing to go up in the future. 

Sure, he could be tempted to tap into it, yet if he taps into it, he would still be likely depleting it rather than letting it ongoingly grown

It is easy to imagine of an investment with a price of Bitcoin goes up next 5 years but we know 5 years is not a too short waiting time. Especially in situation of leveraging your investment capital with 150% of your annual income, this practice turns to be very risky.

That person need money to spend, and by leveraging 150% of annual income for investment in Bitcoin, that means the person already overspend money for investment while he will need to have money for regular bills and spendings. This greedy and leveraged investment style puts that person's financial status at verge of bankruptcy anytime.

If his income source is broken, his finance will be in big trouble. Another case is if Bitcoin won't go up but go down instead in next several years.

Would it really lead to bankruptcy if a person spreads out 150% of his annual in his bitcoin investment over 5 years? That should be about 30% of his annual income every year for 5 years and while it might seem like alot there are people who can actually front load that much with losing their financial stability, I mean it might actually not be a regular occurrence but there is a minority of people who can actually get 50% of their income as discretionary meaning that they have quite a good amount to potentially invest in bitcoin with and for people like this investing 150% of their annual income in bitcoin over 5 years is very much possible and wouldn't leave them bankrupt, they would still even have enough discretionary in-between for their emergency fund as well because 150% of their annual income would be 30% of their income across 5 years.

This is very simplistic and ignores the reality of people's cash flow and discretionary income. In fact, investing 150% of annual income in 5 years does not mean bankruptcy. Because if someone divides this investment equally over 5 years, then it is not a big risk at all. Rather, investing about 30% per year. However, this is not easy for everyone. For those who have a high savings rate, meaning 40-50% discretionary, this will not create a financial crisis. So the question is not what percentage of total income, but the main thing is to maintain permanent expenses, emergency funds and necessary liquidity..The only realistic way for many ordinary people to accumulate Bitcoin without debt was to invest slowly over many years.The reason for bankruptcy is not the amount of investment,but rather taking on excessive risk. For example, investing with debt, not being able to withstand large downs, or giving up necessary liquidity.  If someone invests only from surplus money and keeps an emergency fund of 6-7 months intact, then his risk is not like that of someone who pours all his money into it. Because he is not taking out loans. Again, he is not putting his daily necessities at risk. And he is not under pressure to sell due to price fluctuations.

[Silikiem]

Currently as I have learned so far ,I have been informed that in Bitcoin investments that their is no perfect time to buy or to sell ,that if you have money to invest you should invest because the more you are weating for Bitcoin to decrease before you buy that's more time you are wasting,so the perfect time is to invest in to Bitcoin at anytime time ,but do it with your spear money (descretionary income )so that if the investment doesn't go well you can't even regret it,so invest at anytime ,to be at the safer side you can
sell at the top and buy at the bottom.

That’s a cheap traders mentality and I do not buy into that sentiment of buying at the bottom to sell at the top because it doesn’t portray what the mindset of a long term bitcoin investor’s should be. It has the tendency of misleading people especially new investors into waiting and delaying their investment to only buy bitcoin when the price is dip so that they can sell quickly  for a cheap profit when they notice a little increase in price. Where as they can always buy bitcoin regularly at any market price with just a discretionary income using the DCA method and hold for long term goal. That way they won’t be delaying to buy bitcoin and will enable them to be active in the market as they are trying to gradually build up their portfolio. They might be waiting for this bottom dip which might not come and at the end they up not getting it and by then they have wasted so many opportunities and time where they could have used to accumulate a reasonable amount of bitcoin and gradually build up their portfolio.

[Solokan]

Currently as I have learned so far ,I have been informed that in Bitcoin investments that their is no perfect time to buy or to sell ,that if you have money to invest you should invest because the more you are weating for Bitcoin to decrease before you buy that's more time you are wasting,so the perfect time is to invest in to Bitcoin at anytime time ,but do it with your spear money (descretionary income )so that if the investment doesn't go well you can't even regret it,so invest at anytime ,to be at the safer side you can
sell at the top and buy at the bottom.

I completely agree with you, as it's not a good idea to delay buying BTC. The longer we delay, the more we potentially miss the right moment, as the price of BTC will certainly continue to rise, although corrections are always possible. Indeed, some people wait for a decline before buying BTC, even though no one knows where BTC will go. So, it's true that you should buy BTC whenever you can and continue to accumulate and save it for the long term.

It's absolutely true that we should use discretionary income to buy BTC. Using hot money can damage our mental health, for example, by becoming frustrated if the BTC price doesn't meet expectations. So, don't let investing in BTC disrupt our real life. Investing in BTC is easy if we use the right methods. However, we must have an emergency fund and continue to increase it.