Buy the DIP, and HODL!

[Tmoonz]

This is why it is not good to be waiting and piling up your funds in fiat when you already have an additional income which you can use to invest in bitcoin without a problem and hodli for long. It is never risky because you started earlier than waiting, and you are on a long term bitcoin journey using DCA strategy which will reduce the risk in bitcoin investment due to its volatile nature. You should also note that the price that you are buying today, might not be the price you will next next year because bitcoin price increases overtime, and this is why the investors who bought early are in great profit. The cheaper the price the   easier for you to accumulate more bitcoin, and the higher the price of bitcoin the harder it becomes to accumulate more bitcoin. Don't wait in poverty instead of fighting your way out of poverty with investing in bitcoin immediately you have the money

Waiting and piling up the cash in fiat before you buy is totally the wrong approach if you ask me because Bitcoin isn't a stable coins and you can't expect the price to sit around and wait for you to gather all the money first before you now use when you are satisfied with the money for investment. The right thing to do is simply to keep striving to accumulate just like you have stated with the little earning so that you can meet up with atleast the lower price because you can't tell when the price might go up or even down.

Even though bitcoin is not a stable coin that shouldn't discourage who wants to save up money to invest from investing in a wrong time, note, as the price isn't stable it makes it easier for any investor to save and invest whenever he wants to as no time is late to invest and to take profit. I think it is right to have have a stable income before investing in bitcoin since it will reduce the panic and fear of the investor but anyone who is investing with a little earning will only be hoping to get a quick profit which may never happen easily unless the price increased tremendously after investing so I think saving enough money and having a good and stable income should be considered by anyone before holding bitcoin.

There is no room to fear as you said all one need is to planned well and save before engaging on the investment, this can help investor to accumulate even more as the attention to quickly withdraw won't be there is a result of not planing properly that make most people that engage on BTC begin to consider withdraw so fast because they are choke with other responsibilities that that can't deal without venturing or touching tje investment,you can only see the value more when there some set outside strategy of handling some daily impressing needs outside one investment.

In as much as we emphasizing much on Bitcoin in terms of investment (long term), Bitcoin also serves as a store of value, a save heaven offering protection against inflation hence attenting to save up before you invest might not be a good approach considering the fact that Bitcoin price can not be be waiting for anyone to save up before investing. However, since you might not necessarily be buying a whole Bitcoin, a fraction of it can be bought with as little as you have through the dca strategy either weekly or monthly on different intervals according to your financial situation irrespective of the
price point, as it can take fewer and fewer of Bitcoin to have a reasonable size, it will only take a longer period of time which is better than waiting to save up before investing, what is most important is understanding how much or the level of your spare or leftover cash (discretional or disposable income) after taken care of your personal needs and provisional emergency funds inclusive, if only you can be consistence with your dca strategy with as little as you have, it is better than saving up before investing.

[mamesso]

~Snip~

I don't think there is any need trying to save a big amount of money before investing into Bitcoin, for you can use the amount readily available to start up your Bitcoin investment journey for you can waiting to save much money before investment in Bitcoin while opportunity is passing you by, for you can start with the little you have but when investing make sure you invest amount you can afford to loss and also plan for long term investment. With the help of the  DCA strategy you can accumulate more Bitcoin little by little on a regular interval either weekly or monthly as the case may be and set aside an emergency, reserve and float fund incase there is any emergency or unforseen circumstances that may arise so it won't warrant you selling out your Bitcoin hodling for Bitcoin is best sighted and profitable for the future or Long term planning like 4-10 years and above.

Whatever funds you have can be immediately invested in Bitcoin because it can be purchased in the smallest denominations (mBTC). The DCA strategy will really help investors who have small amounts of funds to invest regularly in the long term, this strategy will also keep investors from missing the moment when Bitcoin prices are falling. Long-term planning will work perfectly when using money that is not used for other needs, investors must be ready to go through all the momentum that occurs in the Bitcoin market and most importantly not be easily tempted by the small rewards generated. The price of Bitcoin will continue to increase and its adoption will also become more widespread in the future, investing in the long term is not a bad idea to build the economy in the future because Bitcoin is one of the best ways to save money so that it is not affected by inflation and gets multiple profits.

[ginsan]

Whatever funds you have can be immediately invested in Bitcoin because it can be purchased in the smallest denominations (mBTC). The DCA strategy will really help investors who have small amounts of funds to invest regularly in the long term, this strategy will also keep investors from missing the moment when Bitcoin prices are falling. Long-term planning will work perfectly when using money that is not used for other needs, investors must be ready to go through all the momentum that occurs in the Bitcoin market and most importantly not be easily tempted by the small rewards generated. The price of Bitcoin will continue to increase and its adoption will also become more widespread in the future, investing in the long term is not a bad idea to build the economy in the future because Bitcoin is one of the best ways to save money so that it is not affected by inflation and gets multiple profits.

Bitcoin has a limited supply of 21 million coins and the current supply in circulation is 19.7 million or 93.83%, which means that in the coming years bitcoin will become increasingly scarce and that is what we are waiting for to see bitcoin reach a price of $100k or $200k. Of course it is true, as you said, investing in bitcoin is the best investment because bitcoin has a limited supply.  And one more thing, there are also many coins that have disappeared from circulation because the owners have lost their keywords or they have not passed them on to their children.

Investing in bitcoin is also better than investing in gold or other property because bitcoin development towards world progress is superior compared to others. Investors are competing to own bitcoin in their own way, such as regular investments or lump sum purchases, which in reality they continue to hold for the sake of a profit that they will enjoy for decades to come.

The DCA strategy is our mainstay in investing in bitcoin by accumulating it every week. With the DCA method, we certainly won't feel left behind by time as we continue to buy at each stage. At every opportunity we continue to buy and take advantage of the downturn to buy more aggressively, one of the strong factors is our determination for the long term as one of the hopes of turning our economy in a better direction than now. Everyone can become rich with the investments they make with bitcoin where they buy and hold and that is what we should do. You really have to have patience because we won't get rich all at once and we need time to prove it, whether it's decades or 5 years. 

[bestcoins1]

It is not extremely mandatory to invest a specific percentage of ones income, some persons might be in a situation where they have little or much to spare due to the size of their family and further upkeeps. The actual process is to take out all expenses and funds for reserve then these left overs can be used to invest, going above the spare funds might cause tragic reflexes to one's investment portfolio. I support the fact of investing a fair amount, as long your income is able to cover all expenses and still remain quite a reasonable amount then their should be no hesitate to invest the ideal percentage.

This is part of an effort so that someone can still invest in Bitcoin even though they are spending much more on a daily basis for their own family. Investment is not something that is mandatory for everyone, but everyone who wants to experience profits and financial freedom in their old age. So it's a good idea to think about an investment from now on, such as taking advantage of the potential that exists in Bitcoin by continuing to buy it at a Dip price according to the capabilities that have been previously provided or with an amount that is ideal for everyone who wants to start it for themselves.

[Justbillywitt]

This is why it is not good to be waiting and piling up your funds in fiat when you already have an additional income which you can use to invest in bitcoin without a problem and hodli for long. It is never risky because you started earlier than waiting, and you are on a long term bitcoin journey using DCA strategy which will reduce the risk in bitcoin investment due to its volatile nature. You should also note that the price that you are buying today, might not be the price you will next next year because bitcoin price increases overtime, and this is why the investors who bought early are in great profit. The cheaper the price the   easier for you to accumulate more bitcoin, and the higher the price of bitcoin the harder it becomes to accumulate more bitcoin. Don't wait in poverty instead of fighting your way out of poverty with investing in bitcoin immediately you have the money

Waiting and piling up the cash in fiat before you buy is totally the wrong approach if you ask me because Bitcoin isn't a stable coins and you can't expect the price to sit around and wait for you to gather all the money first before you now use when you are satisfied with the money for investment. The right thing to do is simply to keep striving to accumulate just like you have stated with the little earning so that you can meet up with atleast the lower price because you can't tell when the price might go up or even down.

Even though bitcoin is not a stable coin that shouldn't discourage who wants to save up money to invest from investing in a wrong time, note, as the price isn't stable it makes it easier for any investor to save and invest whenever he wants to as no time is late to invest and to take profit. I think it is right to have have a stable income before investing in bitcoin since it will reduce the panic and fear of the investor but anyone who is investing with a little earning will only be hoping to get a quick profit which may never happen easily unless the price increased tremendously after investing so I think saving enough money and having a good and stable income should be considered by anyone before holding bitcoin.

There is no room to fear as you said all one need is to planned well and save before engaging on the investment, this can help investor to accumulate even more as the attention to quickly withdraw won't be there is a result of not planing properly that make most people that engage on BTC begin to consider withdraw so fast because they are choke with other responsibilities that that can't deal without venturing or touching tje investment,you can only see the value more when there some set outside strategy of handling some daily impressing needs outside one investment.

In as much as we emphasizing much on Bitcoin in terms of investment (long term), Bitcoin also serves as a store of value, a save heaven offering protection against inflation hence attenting to save up before you invest might not be a good approach considering the fact that Bitcoin price can not be be waiting for anyone to save up before investing. However, since you might not necessarily be buying a whole Bitcoin, a fraction of it can be bought with as little as you have through the dca strategy either weekly or monthly on different intervals according to your financial situation irrespective of the
price point, as it can take fewer and fewer of Bitcoin to have a reasonable size, it will only take a longer period of time which is better than waiting to save up before investing, what is most important is understanding how much or the level of your spare or leftover cash (discretional or disposable income) after taken care of your personal needs and provisional emergency funds inclusive, if only you can be consistence with your dca strategy with as little as you have, it is better than saving up before investing.

There is a lot of sense in what you said about bitcoin as a store of value, instead of saving up our money I'm faits waiting for it to get to certain amount before we invest, in the process of waiting inflation can set in and the money will lose value, just like what's happening in country, our currency keeps losing value to the US dollar on daily and weekly basis. Someone who finds himself in a situation like this, and saving up money to invest in bitcoin it will be difficult, because if you save in fiat before the end of the week or month the money value won't be the same. So in situations like this, is best to save it up in bitcoin, no matter the little fraction it gives you at the moment invest it and preserve the value of your money. Since at the end of the day the money you intended to save will still be utilized to get you the bitcoin, so getting it fraction by fraction through DCA will be the best idea.

[Franctoshi]

Whatever funds you have can be immediately invested in Bitcoin because it can be purchased in the smallest denominations (mBTC). The DCA strategy will really help investors who have small amounts of funds to invest regularly in the long term, this strategy will also keep investors from missing the moment when Bitcoin prices are falling. Long-term planning will work perfectly when using money that is not used for other needs, investors must be ready to go through all the momentum that occurs in the Bitcoin market and most importantly not be easily tempted by the small rewards generated. The price of Bitcoin will continue to increase and its adoption will also become more widespread in the future, investing in the long term is not a bad idea to build the economy in the future because Bitcoin is one of the best ways to save money so that it is not affected by inflation and gets multiple profits.

There are a lot of good benefits that come with DCA strategy, With DCA you can own up to 1 Bitcoin without feeling you actually have bought 1 BTC, and more importantly, it doesn't stop you from meeting other needs , in fact this is an investment relief strategy that everyone don't need to neglect, this is indeed a general investment strategy 😉 for everyone, both the ones that has small amount of money and for those that has big funds but don't know where to enter the market.

[Hallroom]

It is not extremely mandatory to invest a specific percentage of ones income, some persons might be in a situation where they have little or much to spare due to the size of their family and further upkeeps. The actual process is to take out all expenses and funds for reserve then these left overs can be used to invest, going above the spare funds might cause tragic reflexes to one's investment portfolio. I support the fact of investing a fair amount, as long your income is able to cover all expenses and still remain quite a reasonable amount then their should be no hesitate to invest the ideal percentage.

This is part of an effort so that someone can still invest in Bitcoin even though they are spending much more on a daily basis for their own family. Investment is not something that is mandatory for everyone, but everyone who wants to experience profits and financial freedom in their old age. So it's a good idea to think about an investment from now on, such as taking advantage of the potential that exists in Bitcoin by continuing to buy it at a Dip price according to the capabilities that have been previously provided or with an amount that is ideal for everyone who wants to start it for themselves.

This is certainly one of the best types as storing bitcoins for the future will be the best investment. The future will be a huge improvement in Bitcoin because the present time should look at the time. Because in the past its price was very low, but now the price of Bitcoin is more, and in the future, the price of Bitcoin can increase by several times more. So it is best to invest in Bitcoin from now on.

[avp2306]

It is not extremely mandatory to invest a specific percentage of ones income, some persons might be in a situation where they have little or much to spare due to the size of their family and further upkeeps. The actual process is to take out all expenses and funds for reserve then these left overs can be used to invest, going above the spare funds might cause tragic reflexes to one's investment portfolio. I support the fact of investing a fair amount, as long your income is able to cover all expenses and still remain quite a reasonable amount then their should be no hesitate to invest the ideal percentage.

This is part of an effort so that someone can still invest in Bitcoin even though they are spending much more on a daily basis for their own family. Investment is not something that is mandatory for everyone, but everyone who wants to experience profits and financial freedom in their old age. So it's a good idea to think about an investment from now on, such as taking advantage of the potential that exists in Bitcoin by continuing to buy it at a Dip price according to the capabilities that have been previously provided or with an amount that is ideal for everyone who wants to start it for themselves.

If a person have capabilities to invest with bitcoin despite of lots of obligations that he need to face on daily basis, that means he's rich or either he have good financial planning and make sure that he has something to save for his investment since he look forward to gain some profits in future since bitcoin has lot of potential for growth which possibly can give its holder a lot of profit. Yeah its good to think about investing on it now since we maybe cannot see any cheap prices for bitcoin in future since the price is continuously growing and for sure we will regret that we didn't buy before since the fear come to us first. So to avoid this kind of situation its better accumulate and do DCA or lumpsum method since if people continue to get afraid on situation that they are temporarily seeing then for sure that they cannot get something in future and remain doubting and regretting for decisions they made from the past.

[As-Soon-As]

I can be characterized as a #Bitcoin    maximalist. Everyone knows that for me nothing else has ever mattered other than #BTC   . However, I've been doing a lot of soul searching lately, especially after this epic post and I have realized that a change in my stance is warrented. I'm sorry. I have to change.

I can no longer in all honesty, in all sincerity, ignore the enormous benefits I see outside of #btc    alone. So, from this point onward, I will also be recommending that you add #sats (Satoshis) to your weekly DCA program, if you can. I truly believe now that these two (#btc    & #sats) will secure your family's future for generations to come. I had to relent. I could no longer ignore the evidence.
here
It's #bitcoin    and #satoshis from here on out. #Bitcoin    Maxis, come at me. I'm ready. #stackharder
x.com/olvelez007/sta…

[laijsica]

It is not extremely mandatory to invest a specific percentage of ones income, some persons might be in a situation where they have little or much to spare due to the size of their family and further upkeeps. The actual process is to take out all expenses and funds for reserve then these left overs can be used to invest, going above the spare funds might cause tragic reflexes to one's investment portfolio. I support the fact of investing a fair amount, as long your income is able to cover all expenses and still remain quite a reasonable amount then their should be no hesitate to invest the ideal percentage.

This is part of an effort so that someone can still invest in Bitcoin even though they are spending much more on a daily basis for their own family. Investment is not something that is mandatory for everyone, but everyone who wants to experience profits and financial freedom in their old age. So it's a good idea to think about an investment from now on, such as taking advantage of the potential that exists in Bitcoin by continuing to buy it at a Dip price according to the capabilities that have been previously provided or with an amount that is ideal for everyone who wants to start it for themselves.

This is certainly one of the best types as storing bitcoins for the future will be the best investment. The future will be a huge improvement in Bitcoin because the present time should look at the time. Because in the past its price was very low, but now the price of Bitcoin is more, and in the future, the price of Bitcoin can increase by several times more. So it is best to invest in Bitcoin from now on.

Of course! Bitcoin holding for future is going to be profitable even if you can continue for long term with regular intervals. Usually 4-10 years target should be fixed as the duration of each cycle. A decent portfolio may take less time to go through the full cycle if your deposit volume is higher than usual.
It is strongly recommended to keep extra cash in the investment structure and duration as your financial viability depends on continuing to invest.

[GigaBit]

Whatever funds you have can be immediately invested in Bitcoin because it can be purchased in the smallest denominations (mBTC). The DCA strategy will really help investors who have small amounts of funds to invest regularly in the long term, this strategy will also keep investors from missing the moment when Bitcoin prices are falling. Long-term planning will work perfectly when using money that is not used for other needs, investors must be ready to go through all the momentum that occurs in the Bitcoin market and most importantly not be easily tempted by the small rewards generated. The price of Bitcoin will continue to increase and its adoption will also become more widespread in the future, investing in the long term is not a bad idea to build the economy in the future because Bitcoin is one of the best ways to save money so that it is not affected by inflation and gets multiple profits.

There are a lot of good benefits that come with DCA strategy, With DCA you can own up to 1 Bitcoin without feeling you actually have bought 1 BTC, and more importantly, it doesn't stop you from meeting other needs , in fact this is an investment relief strategy that everyone don't need to neglect, this is indeed a general investment strategy 😉 for everyone, both the ones that has small amount of money and for those that has big funds but don't know where to enter the market.

That's why DCA is the best strategy for Bitcoin holders. An investor does not have to take much pressure. By keeping a small portion of his income in Bitcoin on a monthly or weekly basis, an investor has the opportunity to turn his smallest investment into a large asset over a long period of time. Here investors can save bitcoins according to their financial status. Moreover, no one can tell exactly when Bitcoin will be bullish or bearish. A DCA holder can purchase bitcoin any movement that means high or dip. By applying this strategy, the investor also gets the opportunity to accumulate bitcoins with relatively risk free. This strategy is only for those who intend to hold Bitcoin for the long term.

[wxa7115]

Actually, in planning the investment you want to make, it is better to focus on your monthly income, where you can budget 10% or 15% for buying Bitcoin, isn't that simpler to understand. Apart from that, don't complicate the situation where you have to take a loan to invest in bitcoin because that is not a very good action. Therefore, invest as much as you can. If you can afford to buy Bitcoin with $20 per week, then apply it every week.

Well, if the points you convey are of course correct, but sometimes your monthly spending needs increase and will you miss purchases that month? Now, in this case, it must be underlined that when investing in the long term, initial planning is of course required, which is a priority so that this will not interfere with spending on any monthly spending needs.

In essence, people who invest are those who want to change their fate in the next decades, therefore they need to develop a wise strategy so that their investment can run smoothly. Accumulating regularly every week is a pretty brilliant idea and also increasing the budget to buy aggressively is the second option in long-term planning. But you can organize each strategy neatly and can also go hand in hand with a new strategy by acting aggressively when prices drop and also buying in a lump sum to increase BTC holdings.

Anyone that is thinking about becoming an investor needs to realize they not only need a solid strategy they can use to make profits from the markets, they also need to make plans for all the negative circumstances they may encounter, circumstances like losing your job, a sick family member, your car breaking down and so on.

So having some money saved up in the case of an emergency is a must, with 3 to 6 months of living expenses being regarded as a good benchmark for most people.

[bitLeap]

See this matter of investing in bitcoin is also something we should take seriously as much as we need to plan for our daily needs, we also have to understand that needs don't finish and they keeps coming up on daily basis, but as much as we have to take care of other things we have to understand that we have to take our investment in bitcoin very serious too. If someone is making a monthly income of $200 and he is investing only $10 I think it's very poor. If you are making monthly income of $200 you should at least invest 10% of the money which is $20 and I don't think it's too much. If $190 can carry you for a month, I think $180 will equally be enough to carry you for the moment. In as much as we are investing, we should also target to have a reasonable amount of fraction of bitcoin and to accumulate it, we have to make some certain level of sacrifice.

2 years ago, I did this for a year with only a small income but still struggled to allocate 10% of my income to Bitcoin. As time went by the income increased, I decided to increase the allocation from 10% to 30% until the peak of this year's ATH has provided significant profits. enough to create a dream home. I still hold the rest because for me investing in Bitcoin at any time has been an obligation from the start. There are no other options other than Bitcoin and an emergency fund. It has been proven that during long term investing we are able to feel the difference, especially from an economic perspective, both for basic needs in the kitchen and for going on holiday to the place we want to go.
It all comes back to investment discipline, the nominal amount issued is adjusted to your abilities. Don't feel left behind by other people because everyone's investment targets are different, make your own targets and once they are met, increase them according to the calculations that have been planned. As long as we have principles and discipline in investing, we will not deviate from the path. However, this cannot be separated from ensuring that the main income must be stable, or even if it is not stable, at least if you occasionally get income, it is preferable to increase investment assets.

[Obim34]

It is not extremely mandatory to invest a specific percentage of ones income, some persons might be in a situation where they have little or much to spare due to the size of their family and further upkeeps. The actual process is to take out all expenses and funds for reserve then these left overs can be used to invest, going above the spare funds might cause tragic reflexes to one's investment portfolio. I support the fact of investing a fair amount, as long your income is able to cover all expenses and still remain quite a reasonable amount then their should be no hesitate to invest the ideal percentage.

This is part of an effort so that someone can still invest in Bitcoin even though they are spending much more on a daily basis for their own family. Investment is not something that is mandatory for everyone, but everyone who wants to experience profits and financial freedom in their old age. So it's a good idea to think about an investment from now on, such as taking advantage of the potential that exists in Bitcoin by continuing to buy it at a Dip price according to the capabilities that have been previously provided or with an amount that is ideal for everyone who wants to start it for themselves.

It is not mandatory but in a way it is a healthy practice to get involved with, which most people don't find it a possible option. Investing in Bitcoin, does not require whole lot of funds compared to other forms of investment like buying of shares. Bitcoin has made it easy by allowing us invest in divisible units which even an average person would be able to afford from his salary by simply applying the DCA approach which with time (over the years) will give proper return of profits as long the investors holds for the long term and avoid tempering his portfolio.

[Spaceman1000$]

See this matter of investing in bitcoin is also something we should take seriously as much as we need to plan for our daily needs, we also have to understand that needs don't finish and they keeps coming up on daily basis, but as much as we have to take care of other things we have to understand that we have to take our investment in bitcoin very serious too. If someone is making a monthly income of $200 and he is investing only $10 I think it's very poor. If you are making monthly income of $200 you should at least invest 10% of the money which is $20 and I don't think it's too much. If $190 can carry you for a month, I think $180 will equally be enough to carry you for the moment. In as much as we are investing, we should also target to have a reasonable amount of fraction of bitcoin and to accumulate it, we have to make some certain level of sacrifice.

2 years ago, I did this for a year with only a small income but still struggled to allocate 10% of my income to Bitcoin. As time went by the income increased, I decided to increase the allocation from 10% to 30% until the peak of this year's ATH has provided significant profits. enough to create a dream home. I still hold the rest because for me investing in Bitcoin at any time has been an obligation from the start. There are no other options other than Bitcoin and an emergency fund. It has been proven that during long term investing we are able to feel the difference, especially from an economic perspective, both for basic needs in the kitchen and for going on holiday to the place we want to go.
It all comes back to investment discipline, the nominal amount issued is adjusted to your abilities. Don't feel left behind by other people because everyone's investment targets are different, make your own targets and once they are met, increase them according to the calculations that have been planned. As long as we have principles and discipline in investing, we will not deviate from the path. However, this cannot be separated from ensuring that the main income must be stable, or even if it is not stable, at least if you occasionally get income, it is preferable to increase investment assets.

Is so good to hear your journey on bitcoin, and i enjoyed the way you narrated it. it goes to tell people that bitcoin is not a quick fix way of making profit from an investment, people just don't want to go through the rituals of endurance and patient on investment. I saw how you where able to increase you allocation from 10% to 30% even up till the peak of this years ATH.  Hence you have a constant capital and your discipline with your investment plan,  surely the sky will be your beginning point.

[ginsan]

Anyone that is thinking about becoming an investor needs to realize they not only need a solid strategy they can use to make profits from the markets, they also need to make plans for all the negative circumstances they may encounter, circumstances like losing your job, a sick family member, your car breaking down and so on.

So having some money saved up in the case of an emergency is a must, with 3 to 6 months of living expenses being regarded as a good benchmark for most people.

Actually, it is not a solid strategy that is needed but rather a correct plan so that their investment can run smoothly. So, what do you mean by a solid strategy and isn't DCA the best compared to the others? Seeing investors who continue to learn from their mistakes certainly has the nature of improving their investment methods by buying on dips and holding them.

In terms of your expenses, whether it is for your living needs such as repairing a broken car or routine expenses such as expenses for your children while they are still at school, of course that is another thing that must be explained. What this means is that when we invest in bitcoin, of course the budget we put in is clean or no longer dependent on other needs, or more precisely, it is a reserve fund that we are ready to use to buy bitcoin.

That's what I say if we better budget 10% of our monthly income to invest. Because budgeting 10% of monthly income is easy for anyone if they have a plan to invest.

[red4slash]

Anyone that is thinking about becoming an investor needs to realize they not only need a solid strategy they can use to make profits from the markets, they also need to make plans for all the negative circumstances they may encounter, circumstances like losing your job, a sick family member, your car breaking down and so on.

So having some money saved up in the case of an emergency is a must, with 3 to 6 months of living expenses being regarded as a good benchmark for most people.

Isn't something like this often discussed before where in the end a reserve fund or emergency fund or whatever it is called must exist.
All those who have income and want to do good management must of course have considered this as an unexpected budget and that is the function of the reserve fund that must exist in financial management.
So that the division in this case apart from the basic needs that we must calculate, we must also plan for other unexpected needs from the start so that when things that are not wanted to happen such as a car that is damaged and must be repaired, a house that must be renovated and others, we already have a budget to cover it so that we do not need to take from the funds that we have posted from the start.

As for in the end this is used or not it does not matter, the most important thing is that this must be calculated from the start so that we do not have to look for additional money later.

[Sim_card]

As for in the end this is used or not it does not matter, the most important thing is that this must be calculated from the start so that we do not have to look for additional money later.

This is why an investor must have a discretionary income in which he can  calculate from on how much he would be using to invest in bitcoin regularly either weekly or monthly, and also channel the rest to build up his emergency funds so that he can be investing and building his emergency funds in order to him to have full confidence on his bitcoin journey and hodli for long. Emergency funds are used for very critical case scenario like lost of job or the roof of your house got pulled off by storm. These must be fixed immediately to avoid for damage.

If you have already build up your emergency funds to a decent size of 3-6 months, you can then channel that money that you are using to build your reserve funds, since reserve funds are back up to your emergency funds so that you don't touch it only when a real emergency occurs. Reserve funds are used for repair of car or buying a new car, buying bitcoin at the dip, buying of jewelry. If you have a good reserve funds, the next is your float, which you can use to buy gifts, go and eat in a good restaurant and many more.

So far when all these are put in place, your bitcoin journey will be smooth as long as you just keep on accumulating and increasing your bitcoin stash.

[sotelorene]

Buying in the dip is pretty cool cause that's the point where most people without enough funds always use to invest but sometimes it is not necessary to wait till dip period before investing cause after dip sometimes it will still continue to dip the more untill it then skyrocket. One thing I love about investing in  Bitcoin is that no matter the dip it will still appreciate and put smiles on someone's face.

[CcnoutChopper19]

Is so good to hear your journey on bitcoin, and i enjoyed the way you narrated it. it goes to tell people that bitcoin is not a quick fix way of making profit from an investment, people just don't want to go through the rituals of endurance and patient on investment.

True, of course everything we go through requires a long time and a process that is not easy to actually be able to produce the benefits that we expect, although there is no guarantee of success but at least by putting dedication and consistency along with strong discipline, the results will not be too disappointing, and yes it is true as you say that however bitcoin is not a middleman or a quick way to get rich, there are no significant results with little effort, unless it is luck, but luck is not part of planning. In the end, it still requires struggle, hard work, good discipline and consistency to stick to the budget allocation plan on our bitcoin accumulation if we really want to reap satisfactory results at the end of the planning in the future.

But yes it is a fact that there are always some people who misunderstand investment, many come and get involved in the world of investment because they see the success of others, they think that they will also be able to have the same fate as others they see, actually that is not wrong because it is part of constructive motivation, but what is always the problem is that they start their steps without being equipped with a thorough understanding and knowledge, such as only seeing the profit opportunities but not considering the possible risks before making a decision which in the end in some cases they are surprised when they experience losses, or feel very tense when the amount of their allocation is reduced due to fluctuations so that they stop their accumulation in a state of loss because of the fear of experiencing greater losses. So it means that while we make profit opportunities the main goal in investing, it is also important to consider the risks to test our readiness.