Buy the DIP, and HODL!

[Cgrexp]

What of in rough times, I had a family friend who battled illness I had to be there for her and I used my little Bitcoin saved. I am not crying over it because I can still continue to save more the little way I do. I don't think about big profit now but continuity.

i can only imagine how tough it must have been for you financially to decide to sell your Bitcoin, the decision to sell or not to sell your Bitcoin is up to you. we can only offer you the best guidance to ensure that your Bitcoin investments grow smoothly. Adopt discipline to avoid selling your Bitcoin early, whether due to market movements or emergencies, that's why it's important to set aside emergency funds and secure a stable source of income before beginning your Bitcoin investment to prevent selling your bitcoin. For potential growth and returns, consider holding your Bitcoin for long-term, and always store it safe to protect your investment.

Absolutely right about having an emergency funds. Emergency funds will always serve as a guard against selling of Bitcoin when emergencies arise. Also it’s possible that with discipline , one can invest in Bitcoin without a stable source of income, but it requires an attentive planning. So the key is having a discretionary income which will you help you invest using DCA method, also having an emergency income to avoid selling when emergencies arise. So prioritizing both is essential for a smother and sustainable investing .

Bitcoin is a highly volatile asset. Therefore, proper prioritization and management of emergency funds, reserve funds, investments, and holdings is very important so that there is no sudden income shortfall or undisclosed expenses. Unexpected situations such as: sudden temporary closure of a long-standing source of income, medical treatment, simultaneous car and house damage, depletion of reserve funds due to the fall in the price of BTC - all these can create a cash flow crisis. Therefore, it is not only important to have an emergency fund, but also to have a plan for prioritizing floating cash, contingent expenses, and back-up funds.

[Taskford]

"Profits are not guaranteed" in Bitcoin investment can actually be confusing for new investors. we should say that the value of the Bitcoin stack you get in portfolio as a result of accumulation in the long term DCA method may be higher than you think. Although we know that profits are not guaranteed, we also know that Bitcoin is a digital asset with huge potential. Long term accumulation plans can make you financially secure. I feel the need to say this because suppose you are accumulating Bitcoin through two or more cycles of continuous discretionary income, as a result of buying at different price points, the average value after 10 years will be decreased, even if its price does not increase as expected during that time, you will still get a high profit.

Although the price of Bitcoin will be sold at a skyrocketing price after 10 years and you may regret not accumulation aggressively now. You can recommended to new investors to accumulate for the long term and build a decent stack compared to the good returns it offers.

Bitcoin is a volatile and uncertain market where nothing is 100% certain. Although the possibility of your profit from long-term holding is high and that profit will definitely be more than your expectations, it is not guaranteed. The purpose of long-term investment is certainly to make a profit, but that should not be our main objective. Our main objective should be to accumulate Bitcoin and accumulate enough Bitcoin in the investment fund according to your goals.

Although it is not certain, I think that after 10 years, the future of Bitcoin is bright and I think that its price will skyrocket. Accordingly, you will definitely get more returns than you expect from your Bitcoin savings or investment fund. Suppose you are saving your money in Bitcoin (in the DCA strategy) and your goal is to deposit 1 or 2 Bitcoins in your portfolio. You should keep saving Bitcoin gradually to achieve that goal in the DCA strategy. When your goal is achieved, I hope that you will definitely own a lot of money. However, for this you must be patient and continuously learn about Bitcoin investing.

Those misconfusion about it will discourage people to continue dealing with Bitcoin since they would surely not get those what they want easily. Knowing Bitcoin moves unpredictably and it doesn't give any assurance that those investors would get huge income if they invest with this coin.

If someone telling them that they could get %100 profit with it is scams. Maybe their intention is to lure them with their ponzi schemes programs.

But if the are updated with what's happening in the world including those good adaption happened like many corporate companies and government institutions are creating a Bitcoin reserve then maybe they would get an idea that there's better future that might came on Bitcoin in future. That's why setting up a emergency funds is important since if their investment got fucked up and nothing happen there are still some funds that can use them while they are experiencing problems.

[Cryptohygenic]

I'm thinking and believing that there are guarantees for future rewards

profits is not guaranteed when investing in bitcoin in the long term but we have the positive mindset that we can be profitable in future since we are buying currently and will hodli for long because the odd of bitcoin price going uptrend is higher than downtrend based on history and bitcoin is still in her early stage.

This is the main reason why you are to invest with the amount of money that you can afford to lose and also set up other streams of income so that you don't plan to depend solely on your bitcoin invesment in future because the future is unpredictable and if bitcoin price goes against you, you will not feel disappointed and end up in regrets all the days of your life.

If you ONLY invest in bitcoin, then you are running a risk, yet truly anyone who is brand new to investment, then they are likely better off to focus on investing into bitcoin first, and build it up for a whole cycle or two, and then maybe at some point consider the extent to invest into other assets besides bitcoin and cash.

Surely there are some folks who come to bitcoin and they already have other investments, and so they can choose to keep some of those investments going or they can put everything into bitcoin and cash or they might have some other way or reallocating their investments that are in the investment portfolio.

These are not easy questions to answer since there are a lot of uncertainties in life, yet each of us is responsible for our allocation choices, whether they include bitcoin and/or other assets and how much of each, if any.  Many of us purposefully choose to allocate decently high into bitcoin since we consider it to be amongst the best, if not the best, assets that is currently available to anyone and everyone. .. and at the same time, it is not guaranteed.. so we have to make choices and we will suffer the consequences for any choices we make that involves either our acting to buy bitcoin or our failure to act... and our choice to act to buy bitcoin does not have to be all or nothing, since we can choose the way we go about accumulating bitcoin (if we go down that path) and our position size, too.

Deciding to invest in Bitcoin alone or as part of a diversified portfolio is quite complex. It's advisable for newbies to first get started with Bitcoin as this can be a strategic way for them to first gain experience and insight into the crypto market. And if they're able to accumulate Bitcoin and build their portfolio for the next one or two cycles, they must've already developed a solid strategy that'll enable them reach their financial goals in Bitcoin investment, and then they can reassess and consider diversifying into other assets.
And for those who already have an existing investment, their decision to allocate to Bitcoin or maintain their current portfolio is completely dependent on their individual financial goals, as well as their risk tolerance. Some folks might decide to rebalance their portfolio to include Bitcoin, and others may decide to choose maintaining their already existing investments, it all comes down to what the individual thinks is best for their financial goals.

Another very essential point that a lot of folks fail to take note of is the fact that Bitcoin investment doesn't really have to be an all or nothing proposition. It's okay if investors choose to allocate a portion of their portfolio to Bitcoin while still maintaining other investments too. This is a very good approach that allows for more flexibility as well as risk management, and also enabling investors to adapt to the potential changes in the market conditions...

Investment can be parallel and must not be that bitcoin should be made a number prior of our portfolios.
Some may have been investing on other assets before diversifying on bitcoin or the vice versa. The key point there is how do you achieve those financial goal? And the truth is that we just have to act base on the investment risks so it does not affect other assets and how we can maximize the edges of wealths by building more resourceful opportunities can also be essential.
The future is far away but can be dragged closely if we are too in a haste. So if you ain't hastening, bitcoin would have that satisfactory returns of the efforts and sacrifices you have made in the long run regardless to how much of bitcoin you bought but if in a haste, then you are probably going to miss out the good times in the future when you opts out before your designated duration. Of course price will always increase in the long time even while it fluctuates around the up and down trends. It can be probable referring to the market history and the market cap where bitcoin is getting more attractive globally.

[Tamaperdana]

Bitcoin is a highly volatile asset. Therefore, proper prioritization and management of emergency funds, reserve funds, investments, and holdings is very important so that there is no sudden income shortfall or undisclosed expenses. Unexpected situations such as: sudden temporary closure of a long-standing source of income, medical treatment, simultaneous car and house damage, depletion of reserve funds due to the fall in the price of BTC - all these can create a cash flow crisis. Therefore, it is not only important to have an emergency fund, but also to have a plan for prioritizing floating cash, contingent expenses, and back-up funds.

Yes, it cannot be denied that emergencies are unpredictable. That is why, if we want to feel more secure, we must have an emergency fund. Because an emergency fund plays a very important role in our lives, especially for those of us who invest in Bitcoin. Therefore, once we start investing in Bitcoin, we must begin setting aside money for an emergency fund. Because, it is this emergency fund that will make us stronger in holding onto the Bitcoin we own.

So never assume that successful Bitcoin holders don’t have an emergency fund. In reality, one of the factors that cause someone to fail in holding onto Bitcoin in the long term is the lack of an emergency fund. Therefore, never underestimate the importance of an emergency fund when investing in Bitcoin.

[GIF-JOBS]

Bitcoin is a highly volatile asset. Therefore, proper prioritization and management of emergency funds, reserve funds, investments, and holdings is very important so that there is no sudden income shortfall or undisclosed expenses. Unexpected situations such as: sudden temporary closure of a long-standing source of income, medical treatment, simultaneous car and house damage, depletion of reserve funds due to the fall in the price of BTC - all these can create a cash flow crisis. Therefore, it is not only important to have an emergency fund, but also to have a plan for prioritizing floating cash, contingent expenses, and back-up funds.

Yes, it cannot be denied that emergencies are unpredictable. That is why, if we want to feel more secure, we must have an emergency fund. Because an emergency fund plays a very important role in our lives, especially for those of us who invest in Bitcoin. Therefore, once we start investing in Bitcoin, we must begin setting aside money for an emergency fund. Because, it is this emergency fund that will make us stronger in holding onto the Bitcoin we own.

So never assume that successful Bitcoin holders don’t have an emergency fund. In reality, one of the factors that cause someone to fail in holding onto Bitcoin in the long term is the lack of an emergency fund. Therefore, never underestimate the importance of an emergency fund when investing in Bitcoin.

Yes, because you never know when unexpected situations will come in people's lives, unexpected situations are a natural and very possible thing, and you need to be properly prepared to deal with these unexpected situations, because when it comes to Bitcoin investment, it is a long-term commitment, and to achieve success from it, you must keep it long-term. But if you have to face financial problems during an unexpected situation, and at that time if you do not have emergency funds, then there is a possibility that your Bitcoin investment will be damaged, which will definitely cause loss for you, so emergency funds are necessary to maintain an investment in the long term, and this should not be ignored in any way.

[yixichloro2xx]

What of in rough times, I had a family friend who battled illness I had to be there for her and I used my little Bitcoin saved. I am not crying over it because I can still continue to save more the little way I do. I don't think about big profit now but continuity.

i can only imagine how tough it must have been for you financially to decide to sell your Bitcoin, the decision to sell or not to sell your Bitcoin is up to you. we can only offer you the best guidance to ensure that your Bitcoin investments grow smoothly. Adopt discipline to avoid selling your Bitcoin early, whether due to market movements or emergencies, that's why it's important to set aside emergency funds and secure a stable source of income before beginning your Bitcoin investment to prevent selling your bitcoin. For potential growth and returns, consider holding your Bitcoin for long-term, and always store it safe to protect your investment.

Absolutely right about having an emergency funds. Emergency funds will always serve as a guard against selling of Bitcoin when emergencies arise. Also it’s possible that with discipline , one can invest in Bitcoin without a stable source of income, but it requires an attentive planning. So the key is having a discretionary income which will you help you invest using DCA method, also having an emergency income to avoid selling when emergencies arise. So prioritizing both is essential for a smother and sustainable investing .

Bitcoin is a highly volatile asset. Therefore, proper prioritization and management of emergency funds, reserve funds, investments, and holdings is very important so that there is no sudden income shortfall or undisclosed expenses. Unexpected situations such as: sudden temporary closure of a long-standing source of income, medical treatment, simultaneous car and house damage, depletion of reserve funds due to the fall in the price of BTC - all these can create a cash flow crisis. Therefore, it is not only important to have an emergency fund, but also to have a plan for prioritizing floating cash, contingent expenses, and back-up funds.

without an emergency fund, Bitcoin volatility can force you into bad sells. Keep a cash buffer so you can ride out dips without touching your stack. Risk management is what lets you stay long enough to see the upside.

[JayJuanGee]

Yes, emergency funds is very necessary for the sustainability of your Bitcoin investment, but a stable source of income as you said is not necessary because their are guys that has a stable source of income but still can't figure out their discretionary income, what a newbie investor need in other to invest smoothly is a discretionary income, money left after all his or her basic needs has been met, bit in the case of cold_joker, he fails to have an emergency funds in place that was why he sold off his Bitcoin holdings so as to pay the hospital bills of his friend, but if he had an emergency funds in place, he wouldn't have sold off his holdings in times like that.

Not necessarily that he never had an emergency funds, there are situations you find yourself that only your emergency funds can't solve, he must have had, there might be that he must have spent the emergency fund on the same health issues and yet the persons health is not improving because they have not being able to get the required fund needed for the treatment, instead of allowing the person to die who is very dear to you, and you have some bitcoin that will save the persons life which you are very sure that the person will survive, is it not better to save that your family member life than allowing the person to die? and regret it, then of what value or worth are we now investing in bitcoin to meet our needs and be comfortable in life, if we cannot use it when needed.

According to what you said in the highlighted statement, it shows that you are just speculating and you aren't sure if he has an emergency funds or not, secondly, this is one of the reasons sir jayjuangee always emphasize that our emergency funds should be big enough to sustain us for the minimum of 3 months, because I am quite positive that if he has such an emergency funds in place, he wouldn't have sold off his Bitcoin.

Remember we are investing in bitcoin to save us from future lacks and be able to take care of our family needs, so if selling your bitcoin to save a life, then it worth it, at least you should be happy saving a life with bitcoin because bitcoin has also saved you from financial stress and otherwise.

Their are two things we that makes us invest in Bitcoin, first is to secure our future financially, second is to protect our money against inflation, he got into this terrible situation because he never planned for days like this, and the purpose of having an emergency and reserve funds is for days like that, and I bet you, if he had planned for days like that by having an emergency and reserve funds in place, he wouldn't have tempered with his holdings talkless of selling everything off.

Frequently, I suggest that 3 months minimum is the target Emergency funds level that we should strive to reach, even though I also suggest that it could take some guys quite a bit of time to reach such 3 month target levels (maybe a year or two), especially when he is first building up his bitcoin investment.. so in those circumstances, he might be building up his bitcoin investment and his emergency funds at the same time.... and then once each of them has reached 3 months of expenses, then perhaps at that time such guys might start to invest into our bitcoin more aggressively, even though surely some guys might also want to continue to build their back up funds beyond 3 months, which would be reserve funds and have more flexibility in how reserve funds are used... So there are ideal standards and there may well be things that guys might choose to do in regards to both how much back up funds that they keep at any particular time. which their own income and expense circumstances can justify how they keep their various back up funds and for what purposes they might designate the tapping into such back up funds and/or the building back up of such back up funds after they have been tapped into.

[Promocodeudo]

i can only imagine how tough it must have been for you financially to decide to sell your Bitcoin, the decision to sell or not to sell your Bitcoin is up to you. we can only offer you the best guidance to ensure that your Bitcoin investments grow smoothly. Adopt discipline to avoid selling your Bitcoin early, whether due to market movements or emergencies, that's why it's important to set aside emergency funds and secure a stable source of income before beginning your Bitcoin investment to prevent selling your bitcoin. For potential growth and returns, consider holding your Bitcoin for long-term, and always store it safe to protect your investment.

I agree with you that stable income is good for Bitcoiners to enable them journey smoothly while they accumulate and hodl I also know that as bitcoiners we need financial stability to grow our Bitcoin investment but we can't wait until we have the level of finance we actually need before we can invest in Bitcoin, buddy hope you understand what being financially stable is, it means you have to be well to do financially and the inflow of your cash has to be constant in other to afford every necessity as you want, meaning that your cash inflow  Carter for things you need aside that your investment should also be running smoothly without being instructed, this is good but I want to make you understand that what we really need to start our Bitcoin journey little no matter how our financial status is but it must be with our discretionary income while doing this, we won't be limiting ourself not to seek for financial stability, the zeal to start it what makes us to seek for comfortable means that we can invest without having problem and thereby also protesting our investment so that we won't be finding it necessary to sell anytime soon.

[Yoona_As]

I'm thinking and believing that there are guarantees for future rewards

profits is not guaranteed when investing in bitcoin in the long term but we have the positive mindset that we can be profitable in future since we are buying currently and will hodli for long because the odd of bitcoin price going uptrend is higher than downtrend based on history and bitcoin is still in her early stage.

This is the main reason why you are to invest with the amount of money that you can afford to lose and also set up other streams of income so that you don't plan to depend solely on your bitcoin invesment in future because the future is unpredictable and if bitcoin price goes against you, you will not feel disappointed and end up in regrets all the days of your life.

If you ONLY invest in bitcoin, then you are running a risk, yet truly anyone who is brand new to investment, then they are likely better off to focus on investing into bitcoin first, and build it up for a whole cycle or two, and then maybe at some point consider the extent to invest into other assets besides bitcoin and cash.

Surely there are some folks who come to bitcoin and they already have other investments, and so they can choose to keep some of those investments going or they can put everything into bitcoin and cash or they might have some other way or reallocating their investments that are in the investment portfolio.

These are not easy questions to answer since there are a lot of uncertainties in life, yet each of us is responsible for our allocation choices, whether they include bitcoin and/or other assets and how much of each, if any.  Many of us purposefully choose to allocate decently high into bitcoin since we consider it to be amongst the best, if not the best, assets that is currently available to anyone and everyone. .. and at the same time, it is not guaranteed.. so we have to make choices and we will suffer the consequences for any choices we make that involves either our acting to buy bitcoin or our failure to act... and our choice to act to buy bitcoin does not have to be all or nothing, since we can choose the way we go about accumulating bitcoin (if we go down that path) and our position size, too.

Deciding to invest in Bitcoin alone or as part of a diversified portfolio is quite complex. It's advisable for newbies to first get started with Bitcoin as this can be a strategic way for them to first gain experience and insight into the crypto market. And if they're able to accumulate Bitcoin and build their portfolio for the next one or two cycles, they must've already developed a solid strategy that'll enable them reach their financial goals in Bitcoin investment, and then they can reassess and consider diversifying into other assets.
And for those who already have an existing investment, their decision to allocate to Bitcoin or maintain their current portfolio is completely dependent on their individual financial goals, as well as their risk tolerance. Some folks might decide to rebalance their portfolio to include Bitcoin, and others may decide to choose maintaining their already existing investments, it all comes down to what the individual thinks is best for their financial goals.

Another very essential point that a lot of folks fail to take note of is the fact that Bitcoin investment doesn't really have to be an all or nothing proposition. It's okay if investors choose to allocate a portion of their portfolio to Bitcoin while still maintaining other investments too. This is a very good approach that allows for more flexibility as well as risk management, and also enabling investors to adapt to the potential changes in the market conditions...

Investment can be parallel and must not be that bitcoin should be made a number prior of our portfolios.
Some may have been investing on other assets before diversifying on bitcoin or the vice versa. The key point there is how do you achieve those financial goal? And the truth is that we just have to act base on the investment risks so it does not affect other assets and how we can maximize the edges of wealths by building more resourceful opportunities can also be essential.
The future is far away but can be dragged closely if we are too in a haste. So if you ain't hastening, bitcoin would have that satisfactory returns of the efforts and sacrifices you have made in the long run regardless to how much of bitcoin you bought but if in a haste, then you are probably going to miss out the good times in the future when you opts out before your designated duration. Of course price will always increase in the long time even while it fluctuates around the up and down trends. It can be probable referring to the market history and the market cap where bitcoin is getting more attractive globally.

Determining the price of Bitcoin is a challenge, but Bitcoin is cheaper today than in the future because the price of Bitcoin has surpassed the highest price in Barbara's history. While you should not rush into investing in Bitcoin, using the DCA strategy, if you have a source of income from which you can spend a portion of the profit on your valuable work and invest the remaining money, then you can continue to invest weekly or monthly through DCA.  Again, it is not uncommon for new investors to do this by considering the history of Bitcoin according to their knowledge because Bitcoin has a history, but what they see is that Bitcoin has been able to increase its price to the highest in history at the present time and they continue to invest in Bitcoin considering this positive aspect because they also want to make a profit because they want to spend a large amount of Bitcoin so that they can achieve high profits, but they should refrain from such short-term plans because the price of Bitcoin fluctuates almost all the time, which can scare them because if they are new to investing, it is better for them to use the DCA strategy because the DCA strategy relieves you of the hassle of guessing market timing. And by investing for a long time, you can strengthen your investment over time.

[Stable090]

What of in rough times, I had a family friend who battled illness I had to be there for her and I used my little Bitcoin saved. I am not crying over it because I can still continue to save more the little way I do. I don't think about big profit now but continuity.


-CJay

Seriously you did well, at least you were able to save someone and it’s really a good idea. I know you sold your bitcoin which you might have been holding for months or years, but you making use of the bitcoin to save some one’s life is really a good thing. You can still start investing in bitcoin when you have the money, it’s not late, you still have the opportunity to get bitcoin back when the price is still low. Some people might be saying bitcoin price is already high, but i will say bitcoin price is still low, because I know later in future bitcoin price is going to be massive, and people that didn’t invest now might regret not doing that later in the future.

[blackberrman]

"Profits are not guaranteed" in Bitcoin investment can actually be confusing for new investors. we should say that the value of the Bitcoin stack you get in portfolio as a result of accumulation in the long term DCA method may be higher than you think. Although we know that profits are not guaranteed, we also know that Bitcoin is a digital asset with huge potential. Long term accumulation plans can make you financially secure. I feel the need to say this because suppose you are accumulating Bitcoin through two or more cycles of continuous discretionary income, as a result of buying at different price points, the average value after 10 years will be decreased, even if its price does not increase as expected during that time, you will still get a high profit.

Although the price of Bitcoin will be sold at a skyrocketing price after 10 years and you may regret not accumulation aggressively now. You can recommended to new investors to accumulate for the long term and build a decent stack compared to the good returns it offers.

Bitcoin is a volatile and uncertain market where nothing is 100% certain. Although the possibility of your profit from long-term holding is high and that profit will definitely be more than your expectations, it is not guaranteed. The purpose of long-term investment is certainly to make a profit, but that should not be our main objective. Our main objective should be to accumulate Bitcoin and accumulate enough Bitcoin in the investment fund according to your goals.

Although it is not certain, I think that after 10 years, the future of Bitcoin is bright and I think that its price will skyrocket. Accordingly, you will definitely get more returns than you expect from your Bitcoin savings or investment fund. Suppose you are saving your money in Bitcoin (in the DCA strategy) and your goal is to deposit 1 or 2 Bitcoins in your portfolio. You should keep saving Bitcoin gradually to achieve that goal in the DCA strategy. When your goal is achieved, I hope that you will definitely own a lot of money. However, for this you must be patient and continuously learn about Bitcoin investing.

I disagree with one of your points, we can never determine the price of Bitcoin, we can't even say what level the price of Bitcoin will reach, we can't just wait for the right time and refuse to invest in Bitcoin because there is no such thing as the right time, because the price of Bitcoin always fluctuates and it has exceeded the highest price in history.  Currently, waiting for Bitcoin to always fall is a bad habit that you will regret later, because in history when people knew about Bitcoin but they did not come forward to invest in it or they never imagined that the price of Bitcoin would increase like this and they are now regretting their mistake, so we can never be like them, it is better to adopt DCA strategy to invest in Bitcoin because it will free you from such challenges of when to enter the market and when to exit, the future of Bitcoin is bright, if you start investing in Bitcoin now and continue your investment for a long time using DCA strategy, then you will also be a beneficiary in the future.

[Regardme]

It actually depends on your preference, your situation in life, your age, your marital status, and other things that may or may not make you more comfortable in a particular strategy.

There's also the timing, luck, and which part of the cycle Bitcoin is currently in. I admit that I merely got lucky with the timing in 2019. I had the savings, and I had NO responsibilities/distractions.

Though it's quite cool if you can get Bitcoin at a cheaper rate, but timing the market before making a purchase is what am not a big fan of, because the possibilities are high that you might just be wasting your time in your accumulation journey.
Additionally, you might encounter a  very good price to buy, which might be a dip, but greed of wanting more might set in, am you may not buy them, hoping that it's going to drop even further, which might makes you miss that buying opportunity, so it's because of these i just don't feel ok timing the market because that's what traders do, not investors like us

It is impossible to determine the price of Bitcoin, whether the price of Bitcoin will be good for you at the present time or not depends on you. If you have full confidence in Bitcoin and believe that the future of Bitcoin is bright, then you will be interested in investing in Bitcoin. If you consider the history of Bitcoin, you will understand that Bitcoin has increased in value more than we feared. If you wait for a fall to invest in Bitcoin, then this is a bad habit and you will continue to increase this bad habit, so get out of the bad habit. However, for you, investing in the DCA method will allow you to continue investing for a long time. On the other hand, you can invest without paying attention to the market because then your goal will be to invest in Bitcoin and do it for the long term.

Bitcoin price is hard to predict, I would say it depends on personal belief in its future. Bitcoin historical growth has shown potential in it, and its volatility has rewarded so many long term holders with its value surging from cents to tens of thousands over decades. Although profits are not guaranteed in bitcoin even when hold for long term. So we should always invest what we can afford to lose, then staying staying disciplined with DCA strategy rather than chasing the dip will align with holding for long term and help us avoid the trap of speculative trading habits.

 
Oyes Bitcoin’s price is volatile, and belief in its long-term value matters so much.
History has demonstrated extreme volatility and tremendous growth. While that's the case, long-term holders have often been rewarded and
.. I'm thinking and believing that there are guarantees for future rewards..
since Bitcoin is the only currency that has pulled the weight of all country currencies as it is acquired globally making Bitcoin an asset that any one in the world today can and should have.
It is prudent to invest money based on personal need assessment before deciding which methods to be used in acquiring Bitcoin asset. Meanwhile, holding to a disciplined DCA strategy instead of trying to time the market reduces pressure, risk, as well supports a long-term mindset, preventing emotional and speculative trading.

Yes, you’re right that long term holders have been rewarded, but yet it’s still not a guarantee that long term rewards will continue to happen in future. So, profits are not guaranteed in Bitcoin even though we know that bitcoin is among the best, if not the best.  Therefore, investing with you can afford to lose, will give you edge to stand the volatility of Bitcoin and That’s the more reason why it’s advisable to invest with your discretionary funds.

Again, apart from your Bitcoin investment, one also need to devise other means of of generating income even now and in the future

[blackberrman]

What of in rough times, I had a family friend who battled illness I had to be there for her and I used my little Bitcoin saved. I am not crying over it because I can still continue to save more the little way I do. I don't think about big profit now but continuity.

i can only imagine how tough it must have been for you financially to decide to sell your Bitcoin, the decision to sell or not to sell your Bitcoin is up to you. we can only offer you the best guidance to ensure that your Bitcoin investments grow smoothly. Adopt discipline to avoid selling your Bitcoin early, whether due to market movements or emergencies, that's why it's important to set aside emergency funds and secure a stable source of income before beginning your Bitcoin investment to prevent selling your bitcoin. For potential growth and returns, consider holding your Bitcoin for long-term, and always store it safe to protect your investment.

Absolutely right about having an emergency funds. Emergency funds will always serve as a guard against selling of Bitcoin when emergencies arise. Also it’s possible that with discipline , one can invest in Bitcoin without a stable source of income, but it requires an attentive planning. So the key is having a discretionary income which will you help you invest using DCA method, also having an emergency income to avoid selling when emergencies arise. So prioritizing both is essential for a smother and sustainable investing .

Yes, having an emergency fund is very important because it helps us deal with major losses in our lives. If you have a job or business from which you earn and from that money you are able to create an emergency fund and invest in Bitcoin and also be able to meet your own expenses, then having a source of income is very important for you. On the one hand, if you use the DCA strategy to invest in Bitcoin regularly or weekly, the DCA strategy is most effective if you continue to invest for a long time and even if that investment is in small amounts, it is not a problem, as the price of Bitcoin increases in the future, you will be able to increase your wealth several times, along with this, your investment will be strong and it will bring security to your retirement life.

[CageMabok]

without an emergency fund, Bitcoin volatility can force you into bad sells. Keep a cash buffer so you can ride out dips without touching your stack. Risk management is what lets you stay long enough to see the upside.

An emergency fund should be considered essential by anyone considering long-term Bitcoin investment and not wanting to disrupt their Bitcoin balance every time they need cash. However, I recommend everyone have a steady job with a regular income stream so they can manage it carefully, including allocating a portion of their income to an emergency fund and using the rest as capital to buy Bitcoin. Because this can provide two distinct benefits, some investors often increase their monthly income to increase their capital to buy Bitcoin, even though their emergency fund may remain the same. Therefore, such things must be planned and managed carefully so that when difficult times arise, we can still weather them with cash without sacrificing the Bitcoin balance we've accumulated over time.

[danadc]

For beginners who consider the profitable side of investing in Bitcoin because they know about a history that is not uncommon to know, considering the profitable side of Bitcoin, they also want to invest in Bitcoin for the future, but if they pour a lot of money at once and face a dumping of the price of Bitcoin, they may panic and sell Bitcoin out of fear, which will harm them financially, but as an easy way for them, you can overcome that fear by investing slowly using the DCA strategy,

It doesn't matter if the price of BTC drops, you should know that corrections are normal and necessary in every market when we use the DCA method, we're guaranteeing we'll have money in the future.

 It's necessary to view this investment over the long term, and as time goes by, you'll begin to see the benefits of BTC, It's very exciting if you establish a good plan, I'm sure you'll never regret it. With BTC, it's impossible to be disappointed.

[yixichloro2xx]

without an emergency fund, Bitcoin volatility can force you into bad sells. Keep a cash buffer so you can ride out dips without touching your stack. Risk management is what lets you stay long enough to see the upside.

An emergency fund should be considered essential by anyone considering long-term Bitcoin investment and not wanting to disrupt their Bitcoin balance every time they need cash. However, I recommend everyone have a steady job with a regular income stream so they can manage it carefully, including allocating a portion of their income to an emergency fund and using the rest as capital to buy Bitcoin. Because this can provide two distinct benefits, some investors often increase their monthly income to increase their capital to buy Bitcoin, even though their emergency fund may remain the same. Therefore, such things must be planned and managed carefully so that when difficult times arise, we can still weather them with cash without sacrificing the Bitcoin balance we've accumulated over time.

Keeping an emergency fund separate from your Bitcoin investment is absolutely essential and  it is the foundation of responsible financial management. Without that cushion, you risk having to sell your BTC during downturns or emergencies, which can seriously hurt your long term gains.......Having a steady income to fund both your emergency savings and your Bitcoin purchases lets you build wealth without sacrificing security. Even if your emergency fund stays stable, increasing your income to buy more Bitcoin is a smart way to accelerate stacking sats while staying protected.....It really comes down to discipline and planning also  those who balance cash reserves with regular investment contributions are best positioned to hold through volatility and grow their portfolios sustainably.

[Finebone]

An emergency fund should be considered essential by anyone considering long-term Bitcoin investment and not wanting to disrupt their Bitcoin balance every time they need cash. However, I recommend everyone have a steady job with a regular income stream so they can manage it carefully, including allocating a portion of their income to an emergency fund and using the rest as capital to buy Bitcoin.

Yes it's true that emergency funds is very much essential for the survival of your Bitcoin investment, but looking at the highlighted words in your statement, it's actually a terrible advice if you are giving it to a newbie, investment in bitcoin should be done consistently from your discretionary income only, not from your source of income or money meant for your upkee, because if you have not first taken care of your basic needs, your investment will hardly survive even without emergency situation.

So sorting out your discretionary income is the first major step needed for a successful investment in bitcoin, because if you are only thinking about investing in bitcoin and you haven't sort out your basic needs, sorry for saying this, you are just getting busy for nothing because you will definitely fall back to your Bitcoin in other to sort out your basic needs.

[adultcrypto]

Absolutely right about having an emergency funds. Emergency funds will always serve as a guard against selling of Bitcoin when emergencies arise. Also it’s possible that with discipline , one can invest in Bitcoin without a stable source of income, but it requires an attentive planning. So the key is having a discretionary income which will you help you invest using DCA method, also having an emergency income to avoid selling when emergencies arise. So prioritizing both is essential for a smother and sustainable investing .

Bitcoin is a highly volatile asset. Therefore, proper prioritization and management of emergency funds, reserve funds, investments, and holdings is very important so that there is no sudden income shortfall or undisclosed expenses. Unexpected situations such as: sudden temporary closure of a long-standing source of income, medical treatment, simultaneous car and house damage, depletion of reserve funds due to the fall in the price of BTC - all these can create a cash flow crisis. Therefore, it is not only important to have an emergency fund, but also to have a plan for prioritizing floating cash, contingent expenses, and back-up funds.

The volatility of bitcoin has nothing to do with the emergency funds for a long-term investor. Maye you are speaking like a trader that is worried after buying bitcoin and expecting profits in a short time and it does not come and it keeps going down even with one single candle. Emergency funds is not meant for traders, it is used by long term investors to protect the investment so that irrespective of what the market does, the investor is comfortably living his life and will be patient to wait it out without panic. The only time you have to worry about bitcoin volatility is when you are a trader that is looking for the perfect price to buy to be able to sell quickly when the price rises. This is not what we are discussing here and why the concept of emergency fund is important.

If you must know, the volatility of bitcoin is actually one of the beautiful things about bitcoin and simply means that the demand is high and erratic, something that should motivate you that you are in the right business. It is the very nature of bitcoin that makes it special and also test your patience level.

[Silikiem]

without an emergency fund, Bitcoin volatility can force you into bad sells. Keep a cash buffer so you can ride out dips without touching your stack. Risk management is what lets you stay long enough to see the upside.

An emergency fund should be considered essential by anyone considering long-term Bitcoin investment and not wanting to disrupt their Bitcoin balance every time they need cash. However, I recommend everyone have a steady job with a regular income stream so they can manage it carefully, including allocating a portion of their income to an emergency fund and using the rest as capital to buy Bitcoin. Because this can provide two distinct benefits, some investors often increase their monthly income to increase their capital to buy Bitcoin, even though their emergency fund may remain the same. Therefore, such things must be planned and managed carefully so that when difficult times arise, we can still weather them with cash without sacrificing the Bitcoin balance we've accumulated over time.

Fair enough, the emergency funds is really a very important part of our bitcoin investment going forward, But I don’t think the recommendation you made that everyone should have a steady job with a regular income stream in bitcoin investment will really go down well, most especially to the newbies who are desirous to venture into bitcoin investment but don’t have a steady job with a regular stream of income yet, it will really seem discouraging and even misleading to them making them to believe that they can’t venture into bitcoin investment except they have a steady job with steady income flow, meanwhile they can easily invest and accumulate bitcoin once they are able to sort out a discretionary income to invest with. In as much as we all may strive for more in order to sustain or improve our investments going forward , having a steady job or a regular stream of income isn’t a criteria for bitcoin investment, in fact, the most important thing needed to go forward for your bitcoin investment is just a discretionary income to accumulate with, your financial status might not enable you to accumulate on a regular basis, but that’s not much of a problem as you can be able to accumulate bitcoin and hodl either on weekly or monthly basis depending on how your income flows and when you are able to sort out your discretionary income. The idea is to accumulate bitcoin and hodl for the long term goal no matter how seldom you do it, as far as you’re holding for the long term and not selling for a quick profit or panicking to sell whenever you notice a little downturn in the market. The emergency funds can also be gradually build and improved with time along side as you’re accumulating.

[Miramax12]

Yes, emergency funds is very necessary for the sustainability of your Bitcoin investment, but a stable source of income as you said is not necessary because their are guys that has a stable source of income but still can't figure out their discretionary income, what a newbie investor need in other to invest smoothly is a discretionary income, money left after all his or her basic needs has been met, bit in the case of cold_joker, he fails to have an emergency funds in place that was why he sold off his Bitcoin holdings so as to pay the hospital bills of his friend, but if he had an emergency funds in place, he wouldn't have sold off his holdings in times like that.

Not necessarily that he never had an emergency funds, there are situations you find yourself that only your emergency funds can't solve, he must have had, there might be that he must have spent the emergency fund on the same health issues and yet the persons health is not improving because they have not being able to get the required fund needed for the treatment, instead of allowing the person to die who is very dear to you, and you have some bitcoin that will save the persons life which you are very sure that the person will survive, is it not better to save that your family member life than allowing the person to die? and regret it, then of what value or worth are we now investing in bitcoin to meet our needs and be comfortable in life, if we cannot use it when needed.

According to what you said in the highlighted statement, it shows that you are just speculating and you aren't sure if he has an emergency funds or not, secondly, this is one of the reasons sir jayjuangee always emphasize that our emergency funds should be big enough to sustain us for the minimum of 3 months, because I am quite positive that if he has such an emergency funds in place, he wouldn't have sold off his Bitcoin.

Remember we are investing in bitcoin to save us from future lacks and be able to take care of our family needs, so if selling your bitcoin to save a life, then it worth it, at least you should be happy saving a life with bitcoin because bitcoin has also saved you from financial stress and otherwise.

Their are two things we that makes us invest in Bitcoin, first is to secure our future financially, second is to protect our money against inflation, he got into this terrible situation because he never planned for days like this, and the purpose of having an emergency and reserve funds is for days like that, and I bet you, if he had planned for days like that by having an emergency and reserve funds in place, he wouldn't have tempered with his holdings talkless of selling everything off.

Frequently, I suggest that 3 months minimum is the target Emergency funds level that we should strive to reach, even though I also suggest that it could take some guys quite a bit of time to reach such 3 month target levels (maybe a year or two), especially when he is first building up his bitcoin investment.. so in those circumstances, he might be building up his bitcoin investment and his emergency funds at the same time.... and then once each of them has reached 3 months of expenses, then perhaps at that time such guys might start to invest into our bitcoin more aggressively, even though surely some guys might also want to continue to build their back up funds beyond 3 months, which would be reserve funds and have more flexibility in how reserve funds are used... So there are ideal standards and there may well be things that guys might choose to do in regards to both how much back up funds that they keep at any particular time. which their own income and expense circumstances can justify how they keep their various back up funds and for what purposes they might designate the tapping into such back up funds and/or the building back up of such back up funds after they have been tapped into.

So many people focus so much on having a stable income but forget the importance of actually managing that income wisely , discretionary income is really the game changer for any kind of investment , especially with something as volatile as Bitcoin . what real happened to cold joker is a real lesson to very one without an emergency fund you are forced to liquidate investments at the most possible time it is not just about how much you earn , it is about how well you plan for the unexpected.