Buy the DIP, and HODL!

[Zanab247]

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.

You can invest in BTC, whenever you have the money and you will be happy to hodl BTC because if you miss this season bear run base on, you don't have the money to buy BTC, you can prepare yourself against next bear season which is what make many people to value BTC hodling than other cryptocurrencies.

[Sim_card]

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.

You can invest in BTC, whenever you have the money and you will be happy to hodl BTC because if you miss this season bear run base on, you don't have the money to buy BTC, you can prepare yourself against next bear season which is what make many people to value BTC hodling than other cryptocurrencies.

It is not advisable for anyone that don't have money to invest in bitcoin to wait till the bear season if he has the funds to invest in bitcoin right away because he is wasting the time that is he suppose to be using to build and grow his bitcoin investment gradually after missing the opportunity of starting earlier, because you don't know what will happen in future. For instance, instead of a no coiner that has worked out how much of his disposable income that he will use to start buying bitcoin now at 58k+ constantly for very long time to start waiting for the bear market that will come after the peak of the bull run next year.

It is better not to come up with ideas that will delay or deprive you from accumulating bitcoin right away as a no coiner so that you don't end up being a low coiner after 10 years and above and start regretting how dumb you were when you hand the opportunity to buy and increase your bitcoin investment overtime. The earlier the better for no coiners to start their bitcoin investment because bitcoin price and time waits for no one since you are investing for your future.

[Odohu]

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.

You can invest in BTC, whenever you have the money and you will be happy to hodl BTC because if you miss this season bear run base on, you don't have the money to buy BTC, you can prepare yourself against next bear season which is what make many people to value BTC hodling than other cryptocurrencies.

Emergency fund is not for short term holders but those who want to hold for long term. Short term holders are more or less traders hence they don't need to keep emergency funds because their approach does not require that. Emergency fund is setup to cover any unplanned things that the Bitcoin holder may face during the time he is holding. This will enable him protect his Bitcoin from sudden sell off so it is only those holding for long that are expected to setup the emergency fund.

This thread is actually focused on long term holders as can be seen from the caption. So all the suggestions and recommendations are directed towards long term holding. To better enjoy Bitcoin investment, we should endeavour to think long term. This way we would have ample time to build a Bitcoin portfolio that will grow into something significant and the risk is very minimal compare to those engaged in short term investment and trading that do incur losses when they can no longer wait, hence decide to sell when price refuses to move.

[Bravut]

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.

Well said. Which brings forth the necessity for proper orientation about Bitcoin also highlighting the risk and mental tenacity involved. I believe Social Media, fake gurus have pushed illusion of success, fantasies about Crypto space which isn't true to the masses which makes some persons take wrong steps.

In essence it advisable, we  manage our risks.

[Dailyscript]

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.

You can invest in BTC, whenever you have the money and you will be happy to hodl BTC because if you miss this season bear run base on, you don't have the money to buy BTC, you can prepare yourself against next bear season which is what make many people to value BTC hodling than other cryptocurrencies.

Disregarding the importance of an emergency fund is very risky. Unexpected/life events may arise at any time irrespective of whether we choose to invest for long or short. Remember one thing is to invest and the other is to understand the importance of financial prudence and risk management when investing. Whether new or old investors it is wrong to invest all available funds into Bitcoin with the idea of lump summing or buying the dip without taking proper consideration on other financial necessaries like monthly needs, emergency funds and diversification in the long run. And again understanding the market cycle is beneficial yet it is not necessary to wait for a dip and price downturn before planning on starting or investing in Bitcoin. We may never get to the target price we hope for.

[Issa56]

You can invest in BTC, whenever you have the money and you will be happy to hodl BTC because if you miss this season bear run base on, you don't have the money to buy BTC, you can prepare yourself against next bear season which is what make many people to value BTC hodling than other cryptocurrencies.

Why do you think we should wait until there is a bear market before we invest? Bitcoin investment shouldn’t be seasonal, you don’t have to wait until there is a bear market before you make an investment. If you have money, you can make your investment at any moment, just make use of the DCA strategy to accumulate your bitcoin. And whenever there is a dip in the market, if you have extra money with you at that particular time, you can just take advantage and increase your holding. But don’t wait until there is a dip before investing in bitcoin, because no matter how bitcoin dips, lots of people will keep on waiting for it to drop more and won’t invest.

[temple]

There are lots of ways to accumulate bitcoin or start from scratch. Bitcoin has big plus that you can start with as low as 1$ and there is no upper limit also. But to me the key factor in Bitcoin investment is consistency, even if you are investing 50$/100$ per week make sure you do it with consistency. There might be times when someone will have extra cash and he can invest more at that time. Such strategy will help people with low cash in getting good amount of Bitcoin (or your desired number of Satoshis/Bitcoin) over a period of time. Our first and foremost target should be to get our desired number of Satoshis/Bitcoin and then we can adjust our investment accordingly.

To be a bit more realistic I think 1$ might not be feasible at certain times and it depends on what you would have to give away, like KYC data to an exchange. For those who want to keep it in a self-custodial wallet, 1$ investments would not be a great choice as fees would often times be a huge setback to someone trying to build a portfolio. If a good exchange is available, building a small bitcoin investment over time could be a good alternative. It's probably better if they keep some cash up to a minimum amount that makes the transaction be worth it and then buy some. 50$/100$ as you mentioned is a whole different story.

The parameters to determine the right amount of bitcoin that someone aims for could also vary over time. It depends on how the ecosystem develops and whether someone is able to improve their own financial situation, which would in turn lead to more potential investments into bitcoin.

I remember the times when faucets actually paid quite a lot. Back then nobody would have thought that using faucets would make any sense one fay. If someone constantly used those faucets from 10 years ago, it would have already paid off but I guess only a minority of people would have resisted selling those bitcoin when the first significant ATHs were reached. But once again the saying a penny saved is a penny got holds true here. Better start somewhere even if it seems to be negligible.