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Topic: Buy the DIP, and HODL! - page 112. (Read 130113 times)

hero member
Activity: 2632
Merit: 787
Jack of all trades 💯
August 21, 2024, 08:01:13 AM

Short term investment is just like trading and that does not require much of emergency funds because if you understand what emergency fund is, you will know it is best suitable for long term investment because it serve as a protection of the investment itself because that is what the investor resort to when there is issues that need urgent attention which was not accounted for or expected to happen. If someone buy bitcoin and hoping to sell when price rises a little and he see reasonable profits, I do not see the need to keep emergency funds. Therefore, emergency fund is indeed crusial to sustain the investment but it is mainly for long term investment.
Emergency Fund Requirement is a very important chapter for every investor as it is your responsibility to maintain your investment while it is running. Short term trading is a form of gambling. Long-term Bitcoin investing recommends you keep a large emergency fund to cover your household's daily expenses for at least 6 months or more. Growing your emergency fund depends on how long your investments last.
Emergency fund is not only necessary for long term investment but also for every investment. This is because if you invest in Bitcoin and its value goes into a further down trend right away, you may face more losses. If you have an extra emergency fund, you can reduce the UP by creating opportunities to buy more bitcoins in a down trend which can increase bitcoin holdings in the future.

You should not dive on something risky if you don't have some safety net(Emergency Funds) that can save your ass in crucial times. That's why aside for paying attention for building up your portfolio we also need to separate some amount intended for this funding's. We don't need to put one time big amount for this if they are worried that they might lack of funds to use for their investment. Since they can put some extra amount which they think enough to add up some money intended for this used.

Also don't used your emergency fund to buy anything you want even bitcoin. Just let it sit there and don't think about touching it if you think you extra funds, since once you touch that money then you might think about its fine to use it and you will just pay it when you earn which is totally wrong mindset or action to do. Just separate funds intended to last for 3 to 6 months and I think you will be fine with that.
member
Activity: 112
Merit: 61
August 21, 2024, 06:51:17 AM
Newbie or no newbie, it is not advisable to invest all your money in bitcoin. No matter how much you think is in your emergency funds account. It is advisable to always keep your sources of income open even though you have kept emergency funds aside. Because you don't know the kind of emergencies that might come up tomorrow. It could be an emergency that will consume all your emergency funds at once. So at that time you have invested all your money in bitcoin and the emergency funds you have kept cannot solve the problem, at that point what will you do? You will  definitely go to your investment. But if you had kept your source of income flowing, you won't be in that situation.

If you invest all your money in bitcoin to only depend on your emergency funds, equally mean that you have a short term hold mentality. Because you are just waiting for a slight upward trend to sell off.

Emergency funds is crucial for a well sustained investment be it short or long term. No matter how short it may look like in between those space the investor can be faced with extreme life expenses that requires immediate attention and emergency funds should be rightly available to solve such problems, mostly at the early stages of accumulating Bitcoin. One other thing to clear off is that our emergency funds is separate from money kept aside to carry out living expenditures, so it is not right to invest all we have into Bitcoin all for the sake of getting out of it a bigger profits.

Experience is applied during the process of accumulating, it cannot be reversed when already put into action by investing more than should have, getting out of it with the only option is to sell too soon which is not recommended, so to avoid this from happening, investors are advised to invest more deligently according to availability of funds.
Short term investment is just like trading and that does not require much of emergency funds because if you understand what emergency fund is, you will know it is best suitable for long term investment because it serve as a protection of the investment itself because that is what the investor resort to when there is issues that need urgent attention which was not accounted for or expected to happen. If someone buy bitcoin and hoping to sell when price rises a little and he see reasonable profits, I do not see the need to keep emergency funds. Therefore, emergency fund is indeed crusial to sustain the investment but it is mainly for long term investment.

Short term investing is like trading, but there is risk involved in investing for a short period of time. However, having funds is the most important thing when it comes to investing. If you don't have funds, you can't invest. If you have enough funds, you can invest some amount from there. When you invest you may face loss due to volatility in the market but if you have funds at that time then you can reinvest and get profit from it. So I also think it is very important to have an emergency fund to sustain the investment and an investor has a high expectation of profit in it. But long term investment is best as compared to short term placement and profit is easy here.


Don't be the person who will be looking back in time in 15 - 20 years and remember that you SOLD one of the fastest surging assets in modern history. We plebs should put as much Bitcoin in - cold-storage - as we possibly can, then FORGET about them. Purchase more using DCA and/or purchase more on large DIPs. I'm very confident you'll be telling a very good success story for your future children. Cool

Wind_FURY you are right i know for sure Bitcoin will make history and i really want to be part of that history, i have a job and I'm okay with my pay, so i started investing in Bitcoin because i feel this will be the best gift i will give my unborn children when I'm about living this world, Bitcoin will hit a price that will surprise everyone in the world and i don't want to regret.
Bitcoin is one of the best investment right now in the world and should be taken seriously, 10 years ago if someone tells me Bitcoin will be this great i will have a little doubt but look at how great Bitcoin is today, in the next 20 to 30 years everyone constantly accumulating and holding Bitcoin will all become very successful.
I pray we don't met problems or emergency that will eat of our backup funds and still make us dip hands into our Bitcoin investment, Amen.
full member
Activity: 126
Merit: 93
August 21, 2024, 06:27:41 AM
Newbie or no newbie, it is not advisable to invest all your money in bitcoin. No matter how much you think is in your emergency funds account. It is advisable to always keep your sources of income open even though you have kept emergency funds aside. Because you don't know the kind of emergencies that might come up tomorrow. It could be an emergency that will consume all your emergency funds at once. So at that time you have invested all your money in bitcoin and the emergency funds you have kept cannot solve the problem, at that point what will you do? You will  definitely go to your investment. But if you had kept your source of income flowing, you won't be in that situation.

If you invest all your money in bitcoin to only depend on your emergency funds, equally mean that you have a short term hold mentality. Because you are just waiting for a slight upward trend to sell off.

Emergency funds is crucial for a well sustained investment be it short or long term. No matter how short it may look like in between those space the investor can be faced with extreme life expenses that requires immediate attention and emergency funds should be rightly available to solve such problems, mostly at the early stages of accumulating Bitcoin. One other thing to clear off is that our emergency funds is separate from money kept aside to carry out living expenditures, so it is not right to invest all we have into Bitcoin all for the sake of getting out of it a bigger profits.

Experience is applied during the process of accumulating, it cannot be reversed when already put into action by investing more than should have, getting out of it with the only option is to sell too soon which is not recommended, so to avoid this from happening, investors are advised to invest more deligently according to availability of funds.
Short term investment is just like trading and that does not require much of emergency funds because if you understand what emergency fund is, you will know it is best suitable for long term investment because it serve as a protection of the investment itself because that is what the investor resort to when there is issues that need urgent attention which was not accounted for or expected to happen. If someone buy bitcoin and hoping to sell when price rises a little and he see reasonable profits, I do not see the need to keep emergency funds. Therefore, emergency fund is indeed crusial to sustain the investment but it is mainly for long term investment.
Emergency Fund Requirement is a very important chapter for every investor as it is your responsibility to maintain your investment while it is running. Short term trading is a form of gambling. Long-term Bitcoin investing recommends you keep a large emergency fund to cover your household's daily expenses for at least 6 months or more. Growing your emergency fund depends on how long your investments last.
Emergency fund is not only necessary for long term investment but also for every investment. This is because if you invest in Bitcoin and its value goes into a further down trend right away, you may face more losses. If you have an extra emergency fund, you can reduce the UP by creating opportunities to buy more bitcoins in a down trend which can increase bitcoin holdings in the future.
sr. member
Activity: 476
Merit: 276
August 21, 2024, 05:27:26 AM

Short term investing is like trading, but there is risk involved in investing for a short period of time. However, having funds is the most important thing when it comes to investing. If you don't have funds, you can't invest. If you have enough funds, you can invest some amount from there. When you invest you may face loss due to volatility in the market but if you have funds at that time then you can reinvest and get profit from it.

Are you a trader? Because you sounded just like one because I don't no the reason why volatility will make you lose your Bitcoin investment and how reinvesting again will bring you back the profit from it, don't you think your statement is a bit unclear?, however I will like to clarify you about volatility concerning your investment, so actually don't feel that is only those who has invested a huge capitals are able to withstand volatility on Bitcoin investment because it doesn't work that way, as long as you are a holder you are immune to volatility, so no matter how small you are accumulating Bitcoin volatility will not destroy your investment because even if the price drops it will still bounce back and your investment remains intact so don't feel that there is any negative impact volatility can make into your Bitcoin investment.
legendary
Activity: 2898
Merit: 1823
August 21, 2024, 05:13:24 AM
Newbie or no newbie, it is not advisable to invest all your money in bitcoin. No matter how much you think is in your emergency funds account. It is advisable to always keep your sources of income open even though you have kept emergency funds aside. Because you don't know the kind of emergencies that might come up tomorrow. It could be an emergency that will consume all your emergency funds at once. So at that time you have invested all your money in bitcoin and the emergency funds you have kept cannot solve the problem, at that point what will you do? You will  definitely go to your investment. But if you had kept your source of income flowing, you won't be in that situation.

If you invest all your money in bitcoin to only depend on your emergency funds, equally mean that you have a short term hold mentality. Because you are just waiting for a slight upward trend to sell off.

Emergency funds is crucial for a well sustained investment be it short or long term. No matter how short it may look like in between those space the investor can be faced with extreme life expenses that requires immediate attention and emergency funds should be rightly available to solve such problems, mostly at the early stages of accumulating Bitcoin. One other thing to clear off is that our emergency funds is separate from money kept aside to carry out living expenditures, so it is not right to invest all we have into Bitcoin all for the sake of getting out of it a bigger profits.

Experience is applied during the process of accumulating, it cannot be reversed when already put into action by investing more than should have, getting out of it with the only option is to sell too soon which is not recommended, so to avoid this from happening, investors are advised to invest more deligently according to availability of funds.
Short term investment is just like trading and that does not require much of emergency funds because if you understand what emergency fund is, you will know it is best suitable for long term investment because it serve as a protection of the investment itself because that is what the investor resort to when there is issues that need urgent attention which was not accounted for or expected to happen. If someone buy bitcoin and hoping to sell when price rises a little and he see reasonable profits, I do not see the need to keep emergency funds. Therefore, emergency fund is indeed crusial to sustain the investment but it is mainly for long term investment.

Short term investing is like trading, but there is risk involved in investing for a short period of time. However, having funds is the most important thing when it comes to investing. If you don't have funds, you can't invest. If you have enough funds, you can invest some amount from there. When you invest you may face loss due to volatility in the market but if you have funds at that time then you can reinvest and get profit from it. So I also think it is very important to have an emergency fund to sustain the investment and an investor has a high expectation of profit in it. But long term investment is best as compared to short term placement and profit is easy here.


Don't be the person who will be looking back in time in 15 - 20 years and remember that you SOLD one of the fastest surging assets in modern history. We plebs should put as much Bitcoin in - cold-storage - as we possibly can, then FORGET about them. Purchase more using DCA and/or purchase more on large DIPs. I'm very confident you'll be telling a very good success story for your future children. Cool
full member
Activity: 532
Merit: 229
August 20, 2024, 11:52:29 PM
[....]
JJG I totally agree with you, you have explained very well that emergency fund is essential not only for long term investors but also for traders. The main purpose of an emergency fund is to provide us with security in the event of a financial crisis or unexpected situation, and this emergency fund should be kept completely separate from our investment or trading accounts. Having an emergency fund is crucial also for trader, especially for those who keep a large portion of their capital locked up in their trading accounts. Because in times of danger or unexpected situations, if he doesn't have an emergency fund, he will have Compulsory to use his trading account money, and as a result, he may suffer a lot of losses.

So whether investing or trading, they must have a strong cash flow system and emergency fund. So that it does not affect their investment and trading during emergency.
sr. member
Activity: 434
Merit: 350
August 20, 2024, 10:52:19 PM
Newbie or no newbie, it is not advisable to invest all your money in bitcoin. No matter how much you think is in your emergency funds account. It is advisable to always keep your sources of income open even though you have kept emergency funds aside. Because you don't know the kind of emergencies that might come up tomorrow. It could be an emergency that will consume all your emergency funds at once. So at that time you have invested all your money in bitcoin and the emergency funds you have kept cannot solve the problem, at that point what will you do? You will  definitely go to your investment. But if you had kept your source of income flowing, you won't be in that situation.

If you invest all your money in bitcoin to only depend on your emergency funds, equally mean that you have a short term hold mentality. Because you are just waiting for a slight upward trend to sell off.

Emergency funds is crucial for a well sustained investment be it short or long term. No matter how short it may look like in between those space the investor can be faced with extreme life expenses that requires immediate attention and emergency funds should be rightly available to solve such problems, mostly at the early stages of accumulating Bitcoin. One other thing to clear off is that our emergency funds is separate from money kept aside to carry out living expenditures, so it is not right to invest all we have into Bitcoin all for the sake of getting out of it a bigger profits.

Experience is applied during the process of accumulating, it cannot be reversed when already put into action by investing more than should have, getting out of it with the only option is to sell too soon which is not recommended, so to avoid this from happening, investors are advised to invest more deligently according to availability of funds.
Short term investment is just like trading and that does not require much of emergency funds because if you understand what emergency fund is, you will know it is best suitable for long term investment because it serve as a protection of the investment itself because that is what the investor resort to when there is issues that need urgent attention which was not accounted for or expected to happen. If someone buy bitcoin and hoping to sell when price rises a little and he see reasonable profits, I do not see the need to keep emergency funds. Therefore, emergency fund is indeed crusial to sustain the investment but it is mainly for long term investment.
Short term investing is like trading, but there is risk involved in investing for a short period of time. However, having funds is the most important thing when it comes to investing. If you don't have funds, you can't invest. If you have enough funds, you can invest some amount from there. When you invest you may face loss due to volatility in the market but if you have funds at that time then you can reinvest and get profit from it. So I also think it is very important to have an emergency fund to sustain the investment and an investor has a high expectation of profit in it. But long term investment is best as compared to short term placement and profit is easy here.
You have to accept that whatever investment you make, whether short-term or long-term, involves risk. Risk levels are low and high. However, when it comes to investing in Bitcoin, we prefer long-term investments over short-term investments. Investors who invest for a short period buy a large amount of Bitcoin at once. Most of us are investors who don't have extra funds so they opt for long-term investments. Because in this long-term investment, we can buy bitcoins and deposit them in the investment portfolio at any time using funds according to our ability.

Moreover, long-term investment has a higher chance of profit because investors make their investment long-term, some four years, six years even many who prolong their investment up to 10 years. Bitcoins fall in price, but recover by rising again. As we've seen Bitcoin's price rise from around $40,000 to an all-time high this year. So those who patiently hold their investments for long term reach the pinnacle of success.
sr. member
Activity: 672
Merit: 321
I like to treat everyone as a friend 🔹
August 20, 2024, 10:25:19 PM
Newbie or no newbie, it is not advisable to invest all your money in bitcoin. No matter how much you think is in your emergency funds account. It is advisable to always keep your sources of income open even though you have kept emergency funds aside. Because you don't know the kind of emergencies that might come up tomorrow. It could be an emergency that will consume all your emergency funds at once. So at that time you have invested all your money in bitcoin and the emergency funds you have kept cannot solve the problem, at that point what will you do? You will  definitely go to your investment. But if you had kept your source of income flowing, you won't be in that situation.

If you invest all your money in bitcoin to only depend on your emergency funds, equally mean that you have a short term hold mentality. Because you are just waiting for a slight upward trend to sell off.

Emergency funds is crucial for a well sustained investment be it short or long term. No matter how short it may look like in between those space the investor can be faced with extreme life expenses that requires immediate attention and emergency funds should be rightly available to solve such problems, mostly at the early stages of accumulating Bitcoin. One other thing to clear off is that our emergency funds is separate from money kept aside to carry out living expenditures, so it is not right to invest all we have into Bitcoin all for the sake of getting out of it a bigger profits.

Experience is applied during the process of accumulating, it cannot be reversed when already put into action by investing more than should have, getting out of it with the only option is to sell too soon which is not recommended, so to avoid this from happening, investors are advised to invest more deligently according to availability of funds.
Short term investment is just like trading and that does not require much of emergency funds because if you understand what emergency fund is, you will know it is best suitable for long term investment because it serve as a protection of the investment itself because that is what the investor resort to when there is issues that need urgent attention which was not accounted for or expected to happen. If someone buy bitcoin and hoping to sell when price rises a little and he see reasonable profits, I do not see the need to keep emergency funds. Therefore, emergency fund is indeed crusial to sustain the investment but it is mainly for long term investment.
Short term investing is like trading, but there is risk involved in investing for a short period of time. However, having funds is the most important thing when it comes to investing. If you don't have funds, you can't invest. If you have enough funds, you can invest some amount from there. When you invest you may face loss due to volatility in the market but if you have funds at that time then you can reinvest and get profit from it. So I also think it is very important to have an emergency fund to sustain the investment and an investor has a high expectation of profit in it. But long term investment is best as compared to short term placement and profit is easy here.
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
August 20, 2024, 09:11:51 PM
Newbie or no newbie, it is not advisable to invest all your money in bitcoin. No matter how much you think is in your emergency funds account. It is advisable to always keep your sources of income open even though you have kept emergency funds aside. Because you don't know the kind of emergencies that might come up tomorrow. It could be an emergency that will consume all your emergency funds at once. So at that time you have invested all your money in bitcoin and the emergency funds you have kept cannot solve the problem, at that point what will you do? You will  definitely go to your investment. But if you had kept your source of income flowing, you won't be in that situation.

If you invest all your money in bitcoin to only depend on your emergency funds, equally mean that you have a short term hold mentality. Because you are just waiting for a slight upward trend to sell off.
Emergency funds is crucial for a well sustained investment be it short or long term. No matter how short it may look like in between those space the investor can be faced with extreme life expenses that requires immediate attention and emergency funds should be rightly available to solve such problems, mostly at the early stages of accumulating Bitcoin. One other thing to clear off is that our emergency funds is separate from money kept aside to carry out living expenditures, so it is not right to invest all we have into Bitcoin all for the sake of getting out of it a bigger profits.

Experience is applied during the process of accumulating, it cannot be reversed when already put into action by investing more than should have, getting out of it with the only option is to sell too soon which is not recommended, so to avoid this from happening, investors are advised to invest more deligently according to availability of funds.
Short term investment is just like trading and that does not require much of emergency funds because if you understand what emergency fund is, you will know it is best suitable for long term investment because it serve as a protection of the investment itself because that is what the investor resort to when there is issues that need urgent attention which was not accounted for or expected to happen. If someone buy bitcoin and hoping to sell when price rises a little and he see reasonable profits, I do not see the need to keep emergency funds. Therefore, emergency fund is indeed crusial to sustain the investment but it is mainly for long term investment.

That is confusing to suggest that an emergency fund is only used for long term investors, especially since emergency fund can be useful for a lot of people and especially people locking up their funds for certain amounts of time and in certain kinds of ways.  

Sure, I don't want to promote trading in this thread, yet there can be circumstances in which traders lock up decent amounts of capital in a trade and just in their trading accounts, and so their intention would be that the trading account money is not going to be available until some kind of anticipated scenarios plays out so that they can close their trades.. and so they should have back up and emergency funds that are separate from the funds in their trading accounts, so in that regard, if the price moves against them after they entered some trades they might be locked in various assets and short of cash, and even if they have cash in their trading account, that cash is already allocated to potential trades, so they are not supposed to be dipping in that for non-trade reasons.  Of course, they might not have strict rules and they might be sloppy, but if they are trying to be ready for anything, they have to try to set their accounts up in ways that allow them to be ready for anything within their baliwick.

And surely an emergency or some short-fall in their various expenses should not be enough of a reason to close any of their trades or to dip into their trading account, but if they have an emergency and they have no other funds available, they might have to dip into their trading account funds and to take money from trades that they would rather not close, so there is potential that they would be closing trades that would be at some time that is not completely of their own choosing merely because they did not have an emergency fund and an emergency ended up happening...   They might also end up dipping into cash that is in their trading account that is supposed to be separate from their expenses and any other fluctuations in their cashflow that should be covered by their float and or their reserve funds.

Traders will frequently treat their whole trading account as a kind of investment (since it is a kind of working capital) so they will keep it separate from their other living expense funds, so traders (especially the responsible ones) also need an emergency fund, various back up funds, reserves and float, in similar kinds of ways as long term bitcoin investors should be doing..but yeah, of course, we are not talking about traders in this thread.. even though having solid and strong cash flow management can help a lot of people in regards to a lot of financial surprises that might come up in their financial life.. and perhaps the maintenance of strong cashflow management also contributes to fewer situations rising to the level of becoming an emergency.
sr. member
Activity: 476
Merit: 307
August 20, 2024, 06:59:16 PM
Newbie or no newbie, it is not advisable to invest all your money in bitcoin. No matter how much you think is in your emergency funds account. It is advisable to always keep your sources of income open even though you have kept emergency funds aside. Because you don't know the kind of emergencies that might come up tomorrow. It could be an emergency that will consume all your emergency funds at once. So at that time you have invested all your money in bitcoin and the emergency funds you have kept cannot solve the problem, at that point what will you do? You will  definitely go to your investment. But if you had kept your source of income flowing, you won't be in that situation.

If you invest all your money in bitcoin to only depend on your emergency funds, equally mean that you have a short term hold mentality. Because you are just waiting for a slight upward trend to sell off.

Emergency funds is crucial for a well sustained investment be it short or long term. No matter how short it may look like in between those space the investor can be faced with extreme life expenses that requires immediate attention and emergency funds should be rightly available to solve such problems, mostly at the early stages of accumulating Bitcoin. One other thing to clear off is that our emergency funds is separate from money kept aside to carry out living expenditures, so it is not right to invest all we have into Bitcoin all for the sake of getting out of it a bigger profits.

Experience is applied during the process of accumulating, it cannot be reversed when already put into action by investing more than should have, getting out of it with the only option is to sell too soon which is not recommended, so to avoid this from happening, investors are advised to invest more deligently according to availability of funds.
Short term investment is just like trading and that does not require much of emergency funds because if you understand what emergency fund is, you will know it is best suitable for long term investment because it serve as a protection of the investment itself because that is what the investor resort to when there is issues that need urgent attention which was not accounted for or expected to happen. If someone buy bitcoin and hoping to sell when price rises a little and he see reasonable profits, I do not see the need to keep emergency funds. Therefore, emergency fund is indeed crusial to sustain the investment but it is mainly for long term investment.
sr. member
Activity: 784
Merit: 306
Hire Bitcointalk Camp. Manager @ r7promotions.com
August 20, 2024, 05:01:31 PM
No body will invest all his salary in Bitcoin it is not done anywhere except the person is insane, the money will invest in Bitcoin is our Discretionary income and what is Discretionary income is the amount of money left for an individual to spend or use after sorting out his or her personal needs, so let's get this right and you can as well use your Discretionary income to build your backup funds along side your Bitcoin and if you are done building your backup funds you can focus on your Bitcoin accumulation and even become aggressive if you no it won't affect you.

One don't need to have enough money before he can go into Bitcoin investment, if you are receiving a little salary a full month and you wish to invest in Bitcoin you can, if after your monthly expenses you are lift with a Discretionary income.

Putting all your salary into bitcoin is insane and that should not be encouraged but discouraged by anyone that wants to do so. Your monthly income has to be flowing every month in order to enjoy your investment in bitcoin. If you’ve already used your monthly income for all the necessary things you need for the month and also save some for your emergency needs, you can now put some into your Bitcoin investment while making sure that the monthly flow of income is still intact and coming on a monthly basis.

 Emergency cannot be foresee or curtailed when it has happened, so you need to have many options to rely on when you happen to find yourself in an emergency situation and not even think of using your bitcoin savings to solve the problem. Emergency funds saved after collecting your monthly salary can be of use in term of emergency and when your monthly income is still flowing, you can also take from their to solve the problem without even touching your investment. If for that month you can’t add more to your savings because of th emergency that arose, you can always continue the following month, the point is not to touch from the bitcoin investment already in the portfolio so that you’re not shortfall or drawback and be at loss again.
full member
Activity: 727
Merit: 146
August 20, 2024, 02:04:30 PM
Quote from: Issa56
Quote from: Egii Nna
Actually, when investing in bitcoin, you have to consider many things, and some of the things to consider include your income and your personal needs because these two things can affect your bitcoin investment easily. Because if your income is low and you are trying to squeeze yourself just to invest without taking care of your own personal needs, an emergency can come that you will end up using breaking your bitcoin investment to solve, and in this case you might sell those investments in lost.
If you are investing in bitcoin, then make sure you have emergency funds. Don’t invest everything you have in bitcoin, in case there is an emergency, that’s what you're going to fall back on. But if all your investment is in bitcoin, whenever you are in need of money, you will have to sell some of it, even if you have it in mind to hold for the long term, and you might even be selling at loss.
 
If you don’t have enough income yet and you know if you try to invest, it’s really going to affect you, then just forget about investment for that time and make sure you focus on other important things in life. Whenever you are balanced, then investment can set in.
When you are going for short term hodling, do you still need this emergency money because we need to make newbies to understand why this emergency money is very important to BTC hodlers, but for short term hodling, I don't think this emergency money is important to them because they are hodling the BTC in a short period of time before they can sell to make money.

Even though you invest all your money on BTC and have emergency money that can make you to exercise patience till the bull run occur before you can sell, which is the best season many people use to sell to accumulate profits from BTC investment, but as a newbies, don't invest all your money in BTC because you need to have the experience like the old investors before you can take such risk in the future.
Newbie or no newbie, it is not advisable to invest all your money in bitcoin. No matter how much you think is in your emergency funds account. It is advisable to always keep your sources of income open even though you have kept emergency funds aside. Because you don't know the kind of emergencies that might come up tomorrow. It could be an emergency that will consume all your emergency funds at once. So at that time you have invested all your money in bitcoin and the emergency funds you have kept cannot solve the problem, at that point what will you do? You will  definitely go to your investment. But if you had kept your source of income flowing, you won't be in that situation.

If you invest all your money in bitcoin to only depend on your emergency funds, equally mean that you have a short term hold mentality. Because you are just waiting for a slight upward trend to sell off.

Emergency funds is crucial for a well sustained investment be it short or long term. No matter how short it may look like in between those space the investor can be faced with extreme life expenses that requires immediate attention and emergency funds should be rightly available to solve such problems, mostly at the early stages of accumulating Bitcoin. One other thing to clear off is that our emergency funds is separate from money kept aside to carry out living expenditures, so it is not right to invest all we have into Bitcoin all for the sake of getting out of it a bigger profits.

Experience is applied during the process of accumulating, it cannot be reversed when already put into action by investing more than should have, getting out of it with the only option is to sell too soon which is not recommended, so to avoid this from happening, investors are advised to invest more deligently according to availability of funds.
sr. member
Activity: 448
Merit: 351
August 20, 2024, 11:59:35 AM
Quote from: Issa56
Quote from: Egii Nna
Actually, when investing in bitcoin, you have to consider many things, and some of the things to consider include your income and your personal needs because these two things can affect your bitcoin investment easily. Because if your income is low and you are trying to squeeze yourself just to invest without taking care of your own personal needs, an emergency can come that you will end up using breaking your bitcoin investment to solve, and in this case you might sell those investments in lost.
If you are investing in bitcoin, then make sure you have emergency funds. Don’t invest everything you have in bitcoin, in case there is an emergency, that’s what you're going to fall back on. But if all your investment is in bitcoin, whenever you are in need of money, you will have to sell some of it, even if you have it in mind to hold for the long term, and you might even be selling at loss.
 
If you don’t have enough income yet and you know if you try to invest, it’s really going to affect you, then just forget about investment for that time and make sure you focus on other important things in life. Whenever you are balanced, then investment can set in.
When you are going for short term hodling, do you still need this emergency money because we need to make newbies to understand why this emergency money is very important to BTC hodlers, but for short term hodling, I don't think this emergency money is important to them because they are hodling the BTC in a short period of time before they can sell to make money.

Even though you invest all your money on BTC and have emergency money that can make you to exercise patience till the bull run occur before you can sell, which is the best season many people use to sell to accumulate profits from BTC investment, but as a newbies, don't invest all your money in BTC because you need to have the experience like the old investors before you can take such risk in the future.
Newbie or no newbie, it is not advisable to invest all your money in bitcoin. No matter how much you think is in your emergency funds account. It is advisable to always keep your sources of income open even though you have kept emergency funds aside. Because you don't know the kind of emergencies that might come up tomorrow. It could be an emergency that will consume all your emergency funds at once. So at that time you have invested all your money in bitcoin and the emergency funds you have kept cannot solve the problem, at that point what will you do? You will  definitely go to your investment. But if you had kept your source of income flowing, you won't be in that situation.

If you invest all your money in bitcoin to only depend on your emergency funds, equally mean that you have a short term hold mentality. Because you are just waiting for a slight upward trend to sell off.
sr. member
Activity: 798
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August 20, 2024, 10:54:32 AM




If people would just see some good opportunity about those dumps which is normally happen in the market then provably we can see less negative sentiments posted online. But we cannot please people to be positive in those incident that's why I don't waste my time comforting people that everything is fine and there's good opportunity await for them if they just believe. What I usually do is to focus on my investment since I think its better to spend more energy on your own development rather than paying attention to those people who didn't aim for growth and just want to have a quick profit.

DCA strategy is always good at this whatever situation happen since we could see a nice price recovery happened recently on bitcoin then provably lots of people who continue their accumulating journey despite of whatever happen recently on bitcoin are happy to see some good results, especially to the current situation happened in this coin.
There's no way you/we can control what other investors wants to do with their Bitcoin, ours is to share the right information guide to helping newbies into Bitcoin investment,  whereas the major thing is if you as an individual investor has got to understand the right things to do with your Bitcoin investment and never worry about what others do with theirs, we can share the information about how people can survive in the market and what to do when the market dips down, while leaving them to do their choice. The bottom line is understanding your Bitcoin journey first, wether it's for short term, mid- term and long term goal, while taking the opportunity and DCAing in the dipping market.

This is the right decision, because I have invested I express how satisfied I am with this investment and I will advise the newbies so that they do not lose the investment. Because newbies are very scared to start investing, so for them I say Bitcoin is very safe to invest. For example, the banks in the country where I live are very risky, all the people who have no money to bank have defaulted on their loans and the banks have disappeared. 

Now there is the view that there is only account but no money, that's why Bitcoin is the safest because when I invest my money it's the safest for me and I can see it. Therefore, it is much safer to buy bitcoins by DCA method than keeping money in the bank, if you collect bitcoins for a long time, your money will increase by two to three times from here. 

But there's not as much risk as banks, so I think there's no doubt that if newbies want to invest in Bitcoin, they can. By investing Bitcoin in DCA method and keeping it for a long time, your money will definitely increase several times.

hero member
Activity: 1022
Merit: 600
August 20, 2024, 08:47:24 AM




If people would just see some good opportunity about those dumps which is normally happen in the market then provably we can see less negative sentiments posted online. But we cannot please people to be positive in those incident that's why I don't waste my time comforting people that everything is fine and there's good opportunity await for them if they just believe. What I usually do is to focus on my investment since I think its better to spend more energy on your own development rather than paying attention to those people who didn't aim for growth and just want to have a quick profit.

DCA strategy is always good at this whatever situation happen since we could see a nice price recovery happened recently on bitcoin then provably lots of people who continue their accumulating journey despite of whatever happen recently on bitcoin are happy to see some good results, especially to the current situation happened in this coin.
There's no way you/we can control what other investors wants to do with their Bitcoin, ours is to share the right information guide to helping newbies into Bitcoin investment,  whereas the major thing is if you as an individual investor has got to understand the right things to do with your Bitcoin investment and never worry about what others do with theirs, we can share the information about how people can survive in the market and what to do when the market dips down, while leaving them to do their choice. The bottom line is understanding your Bitcoin journey first, wether it's for short term, mid- term and long term goal, while taking the opportunity and DCAing in the dipping market.
hero member
Activity: 2632
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Jack of all trades 💯
August 20, 2024, 07:24:52 AM
In the end, it seems that amongst the most reasonable and prudent of planners, would not overly lump sum at the top, yet if they were to make such an error, then (absent some rare surprise/emergency exceptions) they should be more than ready, willing and/or able to continue buying BTC if the BTC price drops after the lump sum investment and especially if such dip lasts a long time and/or dips in considerably large kinds of ways.  Personally, I don't give much of a pass or have a lot of sympathy for the lump summers who are not ready, willing and able to follow up with further BTC buys.. and if they have blown their whole wadd, then they are likely guilty of gambling rather than investing, which sure they are free to do what they like, but I am also free to not have much sympathy for such an approach to BTC.

In such scenario the best and the right thing to do is to keep buying, even when the price continues to go down , aslong is bitcoin even though it may takes years for it to recover one thing for sure base one his past performance it will surely come back stronger. When one continues to buy is not only increasing his stashes of bitcoin in a nice rate but at same time minimising losses because at that time you will be using DCAing to be purchasing bitcoin at different price interval. And not only that it will also increase the chances of making a bigger and better profit in a long run . And for those with goals as the price continue to drop it will also increase the chances of you getting to your target goal or accumulating goal faster .



When the market is dumping, we have to treat this dumping as an investment opportunity. Because if the price of Bitcoin dumps and rises again and we can invest in Bitcoin during that dumping and if the price of Bitcoin pumps again after our investment, then we will already get profit. Basically those who invest in the DCA investment strategy do not take the temporary dumping of the market very seriously, rather they continue to invest in the market consistently. The biggest advantage of consistent investing is that there is no chance of missing the opportunity even if the market position goes down or goes up. Those who have a thorough understanding of investing and have an understanding of DCA investment strategy must adopt DCA strategy in their investments.

If people would just see some good opportunity about those dumps which is normally happen in the market then provably we can see less negative sentiments posted online. But we cannot please people to be positive in those incident that's why I don't waste my time comforting people that everything is fine and there's good opportunity await for them if they just believe. What I usually do is to focus on my investment since I think its better to spend more energy on your own development rather than paying attention to those people who didn't aim for growth and just want to have a quick profit.

DCA strategy is always good at this whatever situation happen since we could see a nice price recovery happened recently on bitcoin then provably lots of people who continue their accumulating journey despite of whatever happen recently on bitcoin are happy to see some good results, especially to the current situation happened in this coin.
member
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Reward: 10M Shen (Approx. 5000 BNB) Bounty
August 20, 2024, 04:35:06 AM
In the end, it seems that amongst the most reasonable and prudent of planners, would not overly lump sum at the top, yet if they were to make such an error, then (absent some rare surprise/emergency exceptions) they should be more than ready, willing and/or able to continue buying BTC if the BTC price drops after the lump sum investment and especially if such dip lasts a long time and/or dips in considerably large kinds of ways.  Personally, I don't give much of a pass or have a lot of sympathy for the lump summers who are not ready, willing and able to follow up with further BTC buys.. and if they have blown their whole wadd, then they are likely guilty of gambling rather than investing, which sure they are free to do what they like, but I am also free to not have much sympathy for such an approach to BTC.

In such scenario the best and the right thing to do is to keep buying, even when the price continues to go down , aslong is bitcoin even though it may takes years for it to recover one thing for sure base one his past performance it will surely come back stronger. When one continues to buy is not only increasing his stashes of bitcoin in a nice rate but at same time minimising losses because at that time you will be using DCAing to be purchasing bitcoin at different price interval. And not only that it will also increase the chances of making a bigger and better profit in a long run . And for those with goals as the price continue to drop it will also increase the chances of you getting to your target goal or accumulating goal faster .



When the market is dumping, we have to treat this dumping as an investment opportunity. Because if the price of Bitcoin dumps and rises again and we can invest in Bitcoin during that dumping and if the price of Bitcoin pumps again after our investment, then we will already get profit. Basically those who invest in the DCA investment strategy do not take the temporary dumping of the market very seriously, rather they continue to invest in the market consistently. The biggest advantage of consistent investing is that there is no chance of missing the opportunity even if the market position goes down or goes up. Those who have a thorough understanding of investing and have an understanding of DCA investment strategy must adopt DCA strategy in their investments.


You are right when someone invest at the dump and then sooner or later the price rises the person will be on profit definitely and if the person sells the..., He or she will be seen as a trader because you buy and sell within a short period of time. You said the DCA investors don't take the temporary dumping of the market very serious, I disagree with you there's no investor that doesn't take dumping very serious unless they don't have enough funds to take advantage. Some investors who uses the DCA method always double there funds to accumulate more Bitcoin each time there is a dumping since DCA is a gradual process and will take a lot of time to accumulate enough..., And after the dumping they re-strategize to their normal way of DCAing ( using what they always use to accumulate) same thing applicable to other investors with different strategy of accumulating Bitcoin.

 I don't understand what you mean by thorough understanding, apart from knowing how to invest and how to manage your investment, when you have to invest and when not to invest because there a lot of people that don't know when to invest, what I mean is that there are people who have there strategy or method of investing and then sometimes they see it as compulsory to invest following there method and that is why they invest what they are  suppose to use for other things and later went back to touch their..., I don't think there's any other knowledge one need and if there's you should please let me know.
full member
Activity: 266
Merit: 181
August 20, 2024, 01:27:15 AM
In the end, it seems that amongst the most reasonable and prudent of planners, would not overly lump sum at the top, yet if they were to make such an error, then (absent some rare surprise/emergency exceptions) they should be more than ready, willing and/or able to continue buying BTC if the BTC price drops after the lump sum investment and especially if such dip lasts a long time and/or dips in considerably large kinds of ways.  Personally, I don't give much of a pass or have a lot of sympathy for the lump summers who are not ready, willing and able to follow up with further BTC buys.. and if they have blown their whole wadd, then they are likely guilty of gambling rather than investing, which sure they are free to do what they like, but I am also free to not have much sympathy for such an approach to BTC.

In such scenario the best and the right thing to do is to keep buying, even when the price continues to go down , aslong is bitcoin even though it may takes years for it to recover one thing for sure base one his past performance it will surely come back stronger. When one continues to buy is not only increasing his stashes of bitcoin in a nice rate but at same time minimising losses because at that time you will be using DCAing to be purchasing bitcoin at different price interval. And not only that it will also increase the chances of making a bigger and better profit in a long run . And for those with goals as the price continue to drop it will also increase the chances of you getting to your target goal or accumulating goal faster .



When the market is dumping, we have to treat this dumping as an investment opportunity. Because if the price of Bitcoin dumps and rises again and we can invest in Bitcoin during that dumping and if the price of Bitcoin pumps again after our investment, then we will already get profit. Basically those who invest in the DCA investment strategy do not take the temporary dumping of the market very seriously, rather they continue to invest in the market consistently. The biggest advantage of consistent investing is that there is no chance of missing the opportunity even if the market position goes down or goes up. Those who have a thorough understanding of investing and have an understanding of DCA investment strategy must adopt DCA strategy in their investments.
sr. member
Activity: 490
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Let love lead
August 20, 2024, 12:23:38 AM
No body will invest all his salary in Bitcoin it is not done anywhere except the person is insane
Maybe you haven’t seen someone like that before, but it’s really happening. I have come across different people who are ready to invest all the money they have with them in bitcoin. Just because of what they hear about bitcoin from other people, they already think that if they invest in bitcoin, they will quickly be able to increase their money, and they don’t even know they can lose when they invest in bitcoin. Most of the people who do crazy things like this lack basic knowledge about bitcoin, most of them are new to crypto, and they just follow what they see on social media.

Yeah, I believe illiteracy is one of the main reasons people engage wrongly in their Bitcoin investment journey. Not only that this practice rids them of their emergency fund and increase the possibilities of preying on their investments when emergencies arise.

They can even record a significant loss at the time they prey on their investments within a short time and those immediate losses can discourage the new investor to continue accumulating. They might end up panic selling their investments and then join those calling Bitcoin a gamble or scam while it's their investments attitude that jeopardized the profitability of their Bitcoin investment.

The emotional implication of putting in all your money without backups can be exhilarating, especially if the market moves sharply lower than your purchase price, the investor would be obviously restless since he threw his whole livelihood into the investment. That's why it's better to use your discretionary income for your investment, do you can be at peace with price volatility and be able sustain your investment for a longer time while increasing your portfolio periodically using DCA and buying the dip where applicable.

Sometimes I wonder who gives these new investors the 100%  guarantee on their Bitcoin investments that makes them swiftly throw in all their eggs into one basket without recovery plans, it's good when you don't have just one investment entity, you can even diversify slightly to increase the security on your investments. While having good emergency funding to handle any that comes your way
full member
Activity: 224
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Patience and hard work are the keys to success.
August 19, 2024, 11:43:29 PM
If you are completely new to bitcoin investing then you must know and understand enough about bitcoin before investing in bitcoin and then you need to invest in bitcoin.
Can't agree with you. It is important to have basic knowledge before starting investment. That is, if you have enough knowledge, you will be able to start investing. But the knowledge you mention doesn't seem to refer to elementary knowledge. After starting investment you need to acquire proper knowledge so that you do not mismanage your investment.

so without losing patience we always have to invest with a long term plan and check the market if we can invest in this way then surely we can achieve bitcoin success which is  It will make us more interested in investing.

I don't think there is any need for the investor to test the market in the DCA method. Market monitoring is essential if you trade or gamble. Here you sound like a trader. When you plan to invest, buy when it makes sense. You don't need to monitor the market. If able to invest, buy and hold regularly without looking at the market.

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