adultcrypto
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August 20, 2024, 11:59:16 PM |
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Newbie or no newbie, it is not advisable to invest all your money in bitcoin. No matter how much you think is in your emergency funds account. It is advisable to always keep your sources of income open even though you have kept emergency funds aside. Because you don't know the kind of emergencies that might come up tomorrow. It could be an emergency that will consume all your emergency funds at once. So at that time you have invested all your money in bitcoin and the emergency funds you have kept cannot solve the problem, at that point what will you do? You will definitely go to your investment. But if you had kept your source of income flowing, you won't be in that situation.
If you invest all your money in bitcoin to only depend on your emergency funds, equally mean that you have a short term hold mentality. Because you are just waiting for a slight upward trend to sell off.
Emergency funds is crucial for a well sustained investment be it short or long term. No matter how short it may look like in between those space the investor can be faced with extreme life expenses that requires immediate attention and emergency funds should be rightly available to solve such problems, mostly at the early stages of accumulating Bitcoin. One other thing to clear off is that our emergency funds is separate from money kept aside to carry out living expenditures, so it is not right to invest all we have into Bitcoin all for the sake of getting out of it a bigger profits. Experience is applied during the process of accumulating, it cannot be reversed when already put into action by investing more than should have, getting out of it with the only option is to sell too soon which is not recommended, so to avoid this from happening, investors are advised to invest more deligently according to availability of funds. Short term investment is just like trading and that does not require much of emergency funds because if you understand what emergency fund is, you will know it is best suitable for long term investment because it serve as a protection of the investment itself because that is what the investor resort to when there is issues that need urgent attention which was not accounted for or expected to happen. If someone buy bitcoin and hoping to sell when price rises a little and he see reasonable profits, I do not see the need to keep emergency funds. Therefore, emergency fund is indeed crusial to sustain the investment but it is mainly for long term investment.
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JayJuanGee
Legendary
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Activity: 3906
Merit: 11210
Self-Custody is a right. Say no to"Non-custodial"
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August 21, 2024, 02:11:51 AM |
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Newbie or no newbie, it is not advisable to invest all your money in bitcoin. No matter how much you think is in your emergency funds account. It is advisable to always keep your sources of income open even though you have kept emergency funds aside. Because you don't know the kind of emergencies that might come up tomorrow. It could be an emergency that will consume all your emergency funds at once. So at that time you have invested all your money in bitcoin and the emergency funds you have kept cannot solve the problem, at that point what will you do? You will definitely go to your investment. But if you had kept your source of income flowing, you won't be in that situation.
If you invest all your money in bitcoin to only depend on your emergency funds, equally mean that you have a short term hold mentality. Because you are just waiting for a slight upward trend to sell off.
Emergency funds is crucial for a well sustained investment be it short or long term. No matter how short it may look like in between those space the investor can be faced with extreme life expenses that requires immediate attention and emergency funds should be rightly available to solve such problems, mostly at the early stages of accumulating Bitcoin. One other thing to clear off is that our emergency funds is separate from money kept aside to carry out living expenditures, so it is not right to invest all we have into Bitcoin all for the sake of getting out of it a bigger profits. Experience is applied during the process of accumulating, it cannot be reversed when already put into action by investing more than should have, getting out of it with the only option is to sell too soon which is not recommended, so to avoid this from happening, investors are advised to invest more deligently according to availability of funds. Short term investment is just like trading and that does not require much of emergency funds because if you understand what emergency fund is, you will know it is best suitable for long term investment because it serve as a protection of the investment itself because that is what the investor resort to when there is issues that need urgent attention which was not accounted for or expected to happen. If someone buy bitcoin and hoping to sell when price rises a little and he see reasonable profits, I do not see the need to keep emergency funds. Therefore, emergency fund is indeed crusial to sustain the investment but it is mainly for long term investment. That is confusing to suggest that an emergency fund is only used for long term investors, especially since emergency fund can be useful for a lot of people and especially people locking up their funds for certain amounts of time and in certain kinds of ways. Sure, I don't want to promote trading in this thread, yet there can be circumstances in which traders lock up decent amounts of capital in a trade and just in their trading accounts, and so their intention would be that the trading account money is not going to be available until some kind of anticipated scenarios plays out so that they can close their trades.. and so they should have back up and emergency funds that are separate from the funds in their trading accounts, so in that regard, if the price moves against them after they entered some trades they might be locked in various assets and short of cash, and even if they have cash in their trading account, that cash is already allocated to potential trades, so they are not supposed to be dipping in that for non-trade reasons. Of course, they might not have strict rules and they might be sloppy, but if they are trying to be ready for anything, they have to try to set their accounts up in ways that allow them to be ready for anything within their baliwick. And surely an emergency or some short-fall in their various expenses should not be enough of a reason to close any of their trades or to dip into their trading account, but if they have an emergency and they have no other funds available, they might have to dip into their trading account funds and to take money from trades that they would rather not close, so there is potential that they would be closing trades that would be at some time that is not completely of their own choosing merely because they did not have an emergency fund and an emergency ended up happening... They might also end up dipping into cash that is in their trading account that is supposed to be separate from their expenses and any other fluctuations in their cashflow that should be covered by their float and or their reserve funds. Traders will frequently treat their whole trading account as a kind of investment (since it is a kind of working capital) so they will keep it separate from their other living expense funds, so traders (especially the responsible ones) also need an emergency fund, various back up funds, reserves and float, in similar kinds of ways as long term bitcoin investors should be doing..but yeah, of course, we are not talking about traders in this thread.. even though having solid and strong cash flow management can help a lot of people in regards to a lot of financial surprises that might come up in their financial life.. and perhaps the maintenance of strong cashflow management also contributes to fewer situations rising to the level of becoming an emergency.
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1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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Out of mind
Sr. Member
Offline
Activity: 644
Merit: 321
I like to treat everyone as a friend 🔹
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August 21, 2024, 03:25:19 AM |
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Newbie or no newbie, it is not advisable to invest all your money in bitcoin. No matter how much you think is in your emergency funds account. It is advisable to always keep your sources of income open even though you have kept emergency funds aside. Because you don't know the kind of emergencies that might come up tomorrow. It could be an emergency that will consume all your emergency funds at once. So at that time you have invested all your money in bitcoin and the emergency funds you have kept cannot solve the problem, at that point what will you do? You will definitely go to your investment. But if you had kept your source of income flowing, you won't be in that situation.
If you invest all your money in bitcoin to only depend on your emergency funds, equally mean that you have a short term hold mentality. Because you are just waiting for a slight upward trend to sell off.
Emergency funds is crucial for a well sustained investment be it short or long term. No matter how short it may look like in between those space the investor can be faced with extreme life expenses that requires immediate attention and emergency funds should be rightly available to solve such problems, mostly at the early stages of accumulating Bitcoin. One other thing to clear off is that our emergency funds is separate from money kept aside to carry out living expenditures, so it is not right to invest all we have into Bitcoin all for the sake of getting out of it a bigger profits. Experience is applied during the process of accumulating, it cannot be reversed when already put into action by investing more than should have, getting out of it with the only option is to sell too soon which is not recommended, so to avoid this from happening, investors are advised to invest more deligently according to availability of funds. Short term investment is just like trading and that does not require much of emergency funds because if you understand what emergency fund is, you will know it is best suitable for long term investment because it serve as a protection of the investment itself because that is what the investor resort to when there is issues that need urgent attention which was not accounted for or expected to happen. If someone buy bitcoin and hoping to sell when price rises a little and he see reasonable profits, I do not see the need to keep emergency funds. Therefore, emergency fund is indeed crusial to sustain the investment but it is mainly for long term investment. Short term investing is like trading, but there is risk involved in investing for a short period of time. However, having funds is the most important thing when it comes to investing. If you don't have funds, you can't invest. If you have enough funds, you can invest some amount from there. When you invest you may face loss due to volatility in the market but if you have funds at that time then you can reinvest and get profit from it. So I also think it is very important to have an emergency fund to sustain the investment and an investor has a high expectation of profit in it. But long term investment is best as compared to short term placement and profit is easy here.
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cryptoWODL
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August 21, 2024, 03:52:19 AM |
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Newbie or no newbie, it is not advisable to invest all your money in bitcoin. No matter how much you think is in your emergency funds account. It is advisable to always keep your sources of income open even though you have kept emergency funds aside. Because you don't know the kind of emergencies that might come up tomorrow. It could be an emergency that will consume all your emergency funds at once. So at that time you have invested all your money in bitcoin and the emergency funds you have kept cannot solve the problem, at that point what will you do? You will definitely go to your investment. But if you had kept your source of income flowing, you won't be in that situation.
If you invest all your money in bitcoin to only depend on your emergency funds, equally mean that you have a short term hold mentality. Because you are just waiting for a slight upward trend to sell off.
Emergency funds is crucial for a well sustained investment be it short or long term. No matter how short it may look like in between those space the investor can be faced with extreme life expenses that requires immediate attention and emergency funds should be rightly available to solve such problems, mostly at the early stages of accumulating Bitcoin. One other thing to clear off is that our emergency funds is separate from money kept aside to carry out living expenditures, so it is not right to invest all we have into Bitcoin all for the sake of getting out of it a bigger profits. Experience is applied during the process of accumulating, it cannot be reversed when already put into action by investing more than should have, getting out of it with the only option is to sell too soon which is not recommended, so to avoid this from happening, investors are advised to invest more deligently according to availability of funds. Short term investment is just like trading and that does not require much of emergency funds because if you understand what emergency fund is, you will know it is best suitable for long term investment because it serve as a protection of the investment itself because that is what the investor resort to when there is issues that need urgent attention which was not accounted for or expected to happen. If someone buy bitcoin and hoping to sell when price rises a little and he see reasonable profits, I do not see the need to keep emergency funds. Therefore, emergency fund is indeed crusial to sustain the investment but it is mainly for long term investment. Short term investing is like trading, but there is risk involved in investing for a short period of time. However, having funds is the most important thing when it comes to investing. If you don't have funds, you can't invest. If you have enough funds, you can invest some amount from there. When you invest you may face loss due to volatility in the market but if you have funds at that time then you can reinvest and get profit from it. So I also think it is very important to have an emergency fund to sustain the investment and an investor has a high expectation of profit in it. But long term investment is best as compared to short term placement and profit is easy here. You have to accept that whatever investment you make, whether short-term or long-term, involves risk. Risk levels are low and high. However, when it comes to investing in Bitcoin, we prefer long-term investments over short-term investments. Investors who invest for a short period buy a large amount of Bitcoin at once. Most of us are investors who don't have extra funds so they opt for long-term investments. Because in this long-term investment, we can buy bitcoins and deposit them in the investment portfolio at any time using funds according to our ability. Moreover, long-term investment has a higher chance of profit because investors make their investment long-term, some four years, six years even many who prolong their investment up to 10 years. Bitcoins fall in price, but recover by rising again. As we've seen Bitcoin's price rise from around $40,000 to an all-time high this year. So those who patiently hold their investments for long term reach the pinnacle of success.
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Ricardo11
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August 21, 2024, 04:52:29 AM |
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[....]
JJG I totally agree with you, you have explained very well that emergency fund is essential not only for long term investors but also for traders. The main purpose of an emergency fund is to provide us with security in the event of a financial crisis or unexpected situation, and this emergency fund should be kept completely separate from our investment or trading accounts. Having an emergency fund is crucial also for trader, especially for those who keep a large portion of their capital locked up in their trading accounts. Because in times of danger or unexpected situations, if he doesn't have an emergency fund, he will have Compulsory to use his trading account money, and as a result, he may suffer a lot of losses. So whether investing or trading, they must have a strong cash flow system and emergency fund. So that it does not affect their investment and trading during emergency.
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Wind_FURY (OP)
Legendary
Offline
Activity: 3108
Merit: 1938
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August 21, 2024, 10:13:24 AM Merited by JayJuanGee (1) |
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Newbie or no newbie, it is not advisable to invest all your money in bitcoin. No matter how much you think is in your emergency funds account. It is advisable to always keep your sources of income open even though you have kept emergency funds aside. Because you don't know the kind of emergencies that might come up tomorrow. It could be an emergency that will consume all your emergency funds at once. So at that time you have invested all your money in bitcoin and the emergency funds you have kept cannot solve the problem, at that point what will you do? You will definitely go to your investment. But if you had kept your source of income flowing, you won't be in that situation.
If you invest all your money in bitcoin to only depend on your emergency funds, equally mean that you have a short term hold mentality. Because you are just waiting for a slight upward trend to sell off.
Emergency funds is crucial for a well sustained investment be it short or long term. No matter how short it may look like in between those space the investor can be faced with extreme life expenses that requires immediate attention and emergency funds should be rightly available to solve such problems, mostly at the early stages of accumulating Bitcoin. One other thing to clear off is that our emergency funds is separate from money kept aside to carry out living expenditures, so it is not right to invest all we have into Bitcoin all for the sake of getting out of it a bigger profits. Experience is applied during the process of accumulating, it cannot be reversed when already put into action by investing more than should have, getting out of it with the only option is to sell too soon which is not recommended, so to avoid this from happening, investors are advised to invest more deligently according to availability of funds. Short term investment is just like trading and that does not require much of emergency funds because if you understand what emergency fund is, you will know it is best suitable for long term investment because it serve as a protection of the investment itself because that is what the investor resort to when there is issues that need urgent attention which was not accounted for or expected to happen. If someone buy bitcoin and hoping to sell when price rises a little and he see reasonable profits, I do not see the need to keep emergency funds. Therefore, emergency fund is indeed crusial to sustain the investment but it is mainly for long term investment. Short term investing is like trading, but there is risk involved in investing for a short period of time. However, having funds is the most important thing when it comes to investing. If you don't have funds, you can't invest. If you have enough funds, you can invest some amount from there. When you invest you may face loss due to volatility in the market but if you have funds at that time then you can reinvest and get profit from it. So I also think it is very important to have an emergency fund to sustain the investment and an investor has a high expectation of profit in it. But long term investment is best as compared to short term placement and profit is easy here. Don't be the person who will be looking back in time in 15 - 20 years and remember that you SOLD one of the fastest surging assets in modern history. We plebs should put as much Bitcoin in - cold-storage - as we possibly can, then FORGET about them. Purchase more using DCA and/or purchase more on large DIPs. I'm very confident you'll be telling a very good success story for your future children.
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Roseline492
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August 21, 2024, 10:27:26 AM |
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Short term investing is like trading, but there is risk involved in investing for a short period of time. However, having funds is the most important thing when it comes to investing. If you don't have funds, you can't invest. If you have enough funds, you can invest some amount from there. When you invest you may face loss due to volatility in the market but if you have funds at that time then you can reinvest and get profit from it.
Are you a trader? Because you sounded just like one because I don't no the reason why volatility will make you lose your Bitcoin investment and how reinvesting again will bring you back the profit from it, don't you think your statement is a bit unclear?, however I will like to clarify you about volatility concerning your investment, so actually don't feel that is only those who has invested a huge capitals are able to withstand volatility on Bitcoin investment because it doesn't work that way, as long as you are a holder you are immune to volatility, so no matter how small you are accumulating Bitcoin volatility will not destroy your investment because even if the price drops it will still bounce back and your investment remains intact so don't feel that there is any negative impact volatility can make into your Bitcoin investment.
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laijsica
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August 21, 2024, 11:27:41 AM |
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Newbie or no newbie, it is not advisable to invest all your money in bitcoin. No matter how much you think is in your emergency funds account. It is advisable to always keep your sources of income open even though you have kept emergency funds aside. Because you don't know the kind of emergencies that might come up tomorrow. It could be an emergency that will consume all your emergency funds at once. So at that time you have invested all your money in bitcoin and the emergency funds you have kept cannot solve the problem, at that point what will you do? You will definitely go to your investment. But if you had kept your source of income flowing, you won't be in that situation.
If you invest all your money in bitcoin to only depend on your emergency funds, equally mean that you have a short term hold mentality. Because you are just waiting for a slight upward trend to sell off.
Emergency funds is crucial for a well sustained investment be it short or long term. No matter how short it may look like in between those space the investor can be faced with extreme life expenses that requires immediate attention and emergency funds should be rightly available to solve such problems, mostly at the early stages of accumulating Bitcoin. One other thing to clear off is that our emergency funds is separate from money kept aside to carry out living expenditures, so it is not right to invest all we have into Bitcoin all for the sake of getting out of it a bigger profits. Experience is applied during the process of accumulating, it cannot be reversed when already put into action by investing more than should have, getting out of it with the only option is to sell too soon which is not recommended, so to avoid this from happening, investors are advised to invest more deligently according to availability of funds. Short term investment is just like trading and that does not require much of emergency funds because if you understand what emergency fund is, you will know it is best suitable for long term investment because it serve as a protection of the investment itself because that is what the investor resort to when there is issues that need urgent attention which was not accounted for or expected to happen. If someone buy bitcoin and hoping to sell when price rises a little and he see reasonable profits, I do not see the need to keep emergency funds. Therefore, emergency fund is indeed crusial to sustain the investment but it is mainly for long term investment. Emergency Fund Requirement is a very important chapter for every investor as it is your responsibility to maintain your investment while it is running. Short term trading is a form of gambling. Long-term Bitcoin investing recommends you keep a large emergency fund to cover your household's daily expenses for at least 6 months or more. Growing your emergency fund depends on how long your investments last. Emergency fund is not only necessary for long term investment but also for every investment. This is because if you invest in Bitcoin and its value goes into a further down trend right away, you may face more losses. If you have an extra emergency fund, you can reduce the UP by creating opportunities to buy more bitcoins in a down trend which can increase bitcoin holdings in the future.
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SuperBitMan
Member
Online
Activity: 126
Merit: 68
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August 21, 2024, 11:51:17 AM |
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Newbie or no newbie, it is not advisable to invest all your money in bitcoin. No matter how much you think is in your emergency funds account. It is advisable to always keep your sources of income open even though you have kept emergency funds aside. Because you don't know the kind of emergencies that might come up tomorrow. It could be an emergency that will consume all your emergency funds at once. So at that time you have invested all your money in bitcoin and the emergency funds you have kept cannot solve the problem, at that point what will you do? You will definitely go to your investment. But if you had kept your source of income flowing, you won't be in that situation.
If you invest all your money in bitcoin to only depend on your emergency funds, equally mean that you have a short term hold mentality. Because you are just waiting for a slight upward trend to sell off.
Emergency funds is crucial for a well sustained investment be it short or long term. No matter how short it may look like in between those space the investor can be faced with extreme life expenses that requires immediate attention and emergency funds should be rightly available to solve such problems, mostly at the early stages of accumulating Bitcoin. One other thing to clear off is that our emergency funds is separate from money kept aside to carry out living expenditures, so it is not right to invest all we have into Bitcoin all for the sake of getting out of it a bigger profits. Experience is applied during the process of accumulating, it cannot be reversed when already put into action by investing more than should have, getting out of it with the only option is to sell too soon which is not recommended, so to avoid this from happening, investors are advised to invest more deligently according to availability of funds. Short term investment is just like trading and that does not require much of emergency funds because if you understand what emergency fund is, you will know it is best suitable for long term investment because it serve as a protection of the investment itself because that is what the investor resort to when there is issues that need urgent attention which was not accounted for or expected to happen. If someone buy bitcoin and hoping to sell when price rises a little and he see reasonable profits, I do not see the need to keep emergency funds. Therefore, emergency fund is indeed crusial to sustain the investment but it is mainly for long term investment. Short term investing is like trading, but there is risk involved in investing for a short period of time. However, having funds is the most important thing when it comes to investing. If you don't have funds, you can't invest. If you have enough funds, you can invest some amount from there. When you invest you may face loss due to volatility in the market but if you have funds at that time then you can reinvest and get profit from it. So I also think it is very important to have an emergency fund to sustain the investment and an investor has a high expectation of profit in it. But long term investment is best as compared to short term placement and profit is easy here. Don't be the person who will be looking back in time in 15 - 20 years and remember that you SOLD one of the fastest surging assets in modern history. We plebs should put as much Bitcoin in - cold-storage - as we possibly can, then FORGET about them. Purchase more using DCA and/or purchase more on large DIPs. I'm very confident you'll be telling a very good success story for your future children. Wind_FURY you are right i know for sure Bitcoin will make history and i really want to be part of that history, i have a job and I'm okay with my pay, so i started investing in Bitcoin because i feel this will be the best gift i will give my unborn children when I'm about living this world, Bitcoin will hit a price that will surprise everyone in the world and i don't want to regret. Bitcoin is one of the best investment right now in the world and should be taken seriously, 10 years ago if someone tells me Bitcoin will be this great i will have a little doubt but look at how great Bitcoin is today, in the next 20 to 30 years everyone constantly accumulating and holding Bitcoin will all become very successful. I pray we don't met problems or emergency that will eat of our backup funds and still make us dip hands into our Bitcoin investment, Amen.
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arwin100
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August 21, 2024, 01:01:13 PM |
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Short term investment is just like trading and that does not require much of emergency funds because if you understand what emergency fund is, you will know it is best suitable for long term investment because it serve as a protection of the investment itself because that is what the investor resort to when there is issues that need urgent attention which was not accounted for or expected to happen. If someone buy bitcoin and hoping to sell when price rises a little and he see reasonable profits, I do not see the need to keep emergency funds. Therefore, emergency fund is indeed crusial to sustain the investment but it is mainly for long term investment.
Emergency Fund Requirement is a very important chapter for every investor as it is your responsibility to maintain your investment while it is running. Short term trading is a form of gambling. Long-term Bitcoin investing recommends you keep a large emergency fund to cover your household's daily expenses for at least 6 months or more. Growing your emergency fund depends on how long your investments last. Emergency fund is not only necessary for long term investment but also for every investment. This is because if you invest in Bitcoin and its value goes into a further down trend right away, you may face more losses. If you have an extra emergency fund, you can reduce the UP by creating opportunities to buy more bitcoins in a down trend which can increase bitcoin holdings in the future. You should not dive on something risky if you don't have some safety net(Emergency Funds) that can save your ass in crucial times. That's why aside for paying attention for building up your portfolio we also need to separate some amount intended for this funding's. We don't need to put one time big amount for this if they are worried that they might lack of funds to use for their investment. Since they can put some extra amount which they think enough to add up some money intended for this used. Also don't used your emergency fund to buy anything you want even bitcoin. Just let it sit there and don't think about touching it if you think you extra funds, since once you touch that money then you might think about its fine to use it and you will just pay it when you earn which is totally wrong mindset or action to do. Just separate funds intended to last for 3 to 6 months and I think you will be fine with that.
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Justbillywitt
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August 21, 2024, 01:18:41 PM |
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Short term investing is like trading, but there is risk involved in investing for a short period of time. However, having funds is the most important thing when it comes to investing. If you don't have funds, you can't invest. If you have enough funds, you can invest some amount from there. When you invest you may face loss due to volatility in the market but if you have funds at that time then you can reinvest and get profit from it.
Are you a trader? Because you sounded just like one because I don't no the reason why volatility will make you lose your Bitcoin investment and how reinvesting again will bring you back the profit from it, don't you think your statement is a bit unclear?, however I will like to clarify you about volatility concerning your investment, so actually don't feel that is only those who has invested a huge capitals are able to withstand volatility on Bitcoin investment because it doesn't work that way, as long as you are a holder you are immune to volatility, so no matter how small you are accumulating Bitcoin volatility will not destroy your investment because even if the price drops it will still bounce back and your investment remains intact so don't feel that there is any negative impact volatility can make into your Bitcoin investment. The truth is nobody is immune to volatility. Volatility simply mean the rate/speed at which an asset changes in prices. These changes in prices could be upward or downward. If we say certain investors are immune to volatility that means the investors asset will remain in a constant or stable state, when prices are moving either upward or downward. And we all know that bitcoin is a highly volatile asset, so everyone who invest in bitcoin will definitely experience volatility in his asset at one point or another. And without volatility bitcoin investment will not be profitable. Volatility doesn't mean downward trend alone. Prices moving upward trend and downward trends makes up the volatility level of an asset.
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Zackz5000
Full Member
Offline
Activity: 280
Merit: 209
Bitcoin or nothing
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August 21, 2024, 04:09:32 PM |
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Newbie or no newbie, it is not advisable to invest all your money in bitcoin. No matter how much you think is in your emergency funds account. It is advisable to always keep your sources of income open even though you have kept emergency funds aside. Because you don't know the kind of emergencies that might come up tomorrow. It could be an emergency that will consume all your emergency funds at once. So at that time you have invested all your money in bitcoin and the emergency funds you have kept cannot solve the problem, at that point what will you do? You will definitely go to your investment. But if you had kept your source of income flowing, you won't be in that situation.
If you invest all your money in bitcoin to only depend on your emergency funds, equally mean that you have a short term hold mentality. Because you are just waiting for a slight upward trend to sell off.
Emergency funds is crucial for a well sustained investment be it short or long term. No matter how short it may look like in between those space the investor can be faced with extreme life expenses that requires immediate attention and emergency funds should be rightly available to solve such problems, mostly at the early stages of accumulating Bitcoin. One other thing to clear off is that our emergency funds is separate from money kept aside to carry out living expenditures, so it is not right to invest all we have into Bitcoin all for the sake of getting out of it a bigger profits. Experience is applied during the process of accumulating, it cannot be reversed when already put into action by investing more than should have, getting out of it with the only option is to sell too soon which is not recommended, so to avoid this from happening, investors are advised to invest more deligently according to availability of funds. Short term investment is just like trading and that does not require much of emergency funds because if you understand what emergency fund is, you will know it is best suitable for long term investment because it serve as a protection of the investment itself because that is what the investor resort to when there is issues that need urgent attention which was not accounted for or expected to happen. If someone buy bitcoin and hoping to sell when price rises a little and he see reasonable profits, I do not see the need to keep emergency funds. Therefore, emergency fund is indeed crusial to sustain the investment but it is mainly for long term investment. Short term investing is like trading, but there is risk involved in investing for a short period of time. However, having funds is the most important thing when it comes to investing. If you don't have funds, you can't invest. If you have enough funds, you can invest some amount from there. When you invest you may face loss due to volatility in the market but if you have funds at that time then you can reinvest and get profit from it. So I also think it is very important to have an emergency fund to sustain the investment and an investor has a high expectation of profit in it. But long term investment is best as compared to short term placement and profit is easy here. As long as Bitcoin investment is concerned short term isn't just like trading rather it is trading and there is always risk involved both short term or long term not only in short term that risk is involved, and you should also understand that volatility is the nature of Bitcoin that is why it is important to always have a long term perspective when it comes to Bitcoin investment. There is also no need reinvesting when you can actually hodl your purchase Bitcoin for long and still keep on accumulating, with your DCA strategy you can accumulate more Bitcoin and HODL for long between 4-10 and above provided your discretionary income is intact.
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Obim34
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August 21, 2024, 05:24:45 PM |
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Newbie or no newbie, it is not advisable to invest all your money in bitcoin. No matter how much you think is in your emergency funds account. It is advisable to always keep your sources of income open even though you have kept emergency funds aside. Because you don't know the kind of emergencies that might come up tomorrow. It could be an emergency that will consume all your emergency funds at once. So at that time you have invested all your money in bitcoin and the emergency funds you have kept cannot solve the problem, at that point what will you do? You will definitely go to your investment. But if you had kept your source of income flowing, you won't be in that situation.
If you invest all your money in bitcoin to only depend on your emergency funds, equally mean that you have a short term hold mentality. Because you are just waiting for a slight upward trend to sell off.
Emergency funds is crucial for a well sustained investment be it short or long term. No matter how short it may look like in between those space the investor can be faced with extreme life expenses that requires immediate attention and emergency funds should be rightly available to solve such problems, mostly at the early stages of accumulating Bitcoin. One other thing to clear off is that our emergency funds is separate from money kept aside to carry out living expenditures, so it is not right to invest all we have into Bitcoin all for the sake of getting out of it a bigger profits. Experience is applied during the process of accumulating, it cannot be reversed when already put into action by investing more than should have, getting out of it with the only option is to sell too soon which is not recommended, so to avoid this from happening, investors are advised to invest more deligently according to availability of funds. Short term investment is just like trading and that does not require much of emergency funds because if you understand what emergency fund is, you will know it is best suitable for long term investment because it serve as a protection of the investment itself because that is what the investor resort to when there is issues that need urgent attention which was not accounted for or expected to happen. If someone buy bitcoin and hoping to sell when price rises a little and he see reasonable profits, I do not see the need to keep emergency funds. Therefore, emergency fund is indeed crusial to sustain the investment but it is mainly for long term investment. Short term investing is like trading, but there is risk involved in investing for a short period of time. However, having funds is the most important thing when it comes to investing. If you don't have funds, you can't invest. If you have enough funds, you can invest some amount from there. When you invest you may face loss due to volatility in the market but if you have funds at that time then you can reinvest and get profit from it. So I also think it is very important to have an emergency fund to sustain the investment and an investor has a high expectation of profit in it. But long term investment is best as compared to short term placement and profit is easy here. Your points are not clear enough, there should be nothing like having a loss in Bitcoin investment when the investor is tied to holding and not selling. Those who suffer losses are the people who find confinement in trading than holding, the market is said to be volatile, if it goes upwards, issues an increase in price value and downward which reduces the dollar value of the amount of Bitcoin held. Originally, the amount of Bitcoin held remains the same whether an upward or downward movement, that means not recording any losses. There should really be no misconception on this subject, it's all about buying and holding without the option of trading, should be a long term goal.
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ginsan
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August 21, 2024, 09:02:09 PM Merited by JayJuanGee (1) |
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Short term investing is like trading, but there is risk involved in investing for a short period of time. However, having funds is the most important thing when it comes to investing. If you don't have funds, you can't invest. If you have enough funds, you can invest some amount from there. When you invest you may face loss due to volatility in the market but if you have funds at that time then you can reinvest and get profit from it. So I also think it is very important to have an emergency fund to sustain the investment and an investor has a high expectation of profit in it. But long term investment is best as compared to short term placement and profit is easy here.
Your points are not clear enough, there should be nothing like having a loss in Bitcoin investment when the investor is tied to holding and not selling. Those who suffer losses are the people who find confinement in trading than holding, the market is said to be volatile, if it goes upwards, issues an increase in price value and downward which reduces the dollar value of the amount of Bitcoin held. Originally, the amount of Bitcoin held remains the same whether an upward or downward movement, that means not recording any losses. There should really be no misconception on this subject, it's all about buying and holding without the option of trading, should be a long term goal. Of course there is no loss if they continue to hold bitcoin. Don't we see in the portfolio that our assets are in the form of Bitcoin, not an estimate of fiat value because we invest in Bitcoin. Logically, we continue to follow up on the investments we make, so it is not appropriate for us to measure losses when prices fall because we own Bitcoin completely, not the value of money that is our benchmark. Of course, many of them sometimes misunderstand, but slowly they will understand the investment they are making. Because our target is to accumulate bitcoins until we are satisfied with our holdings. The price going down is quite natural because the market will never be stable because there are sellers and there are buyers. For this reason, declines are always a good opportunity to continue accumulating bitcoin. The scenario we are buyers and we are investors and we are not traders so hold and buy until we are at the peak stage in accumulating bitcoin. The peak stage is the stage of our satisfaction as long as the target we set has been achieved.
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| . .Duelbits. | │ | | │ | ▄▄█▄▄░░▄▄█▄▄░░▄▄█▄▄ ███░░░░███░░░░███ ▀░░░▀░░▀░░░▀░░▀░░░▀ ▄░░░░░░░░░░░░ ▀██████████ ░░░░░███░░░░▀ ░░█░░░███▄█░░░█ ░░██▌░░███░▀░░██▌ ░█░██░░███░░░█░██ ░█▀▀▀█▌░███░░█▀▀▀█▌ ▄█▄░░░██▄███▄█▄░░▄██▄ ▄███▄ ░░░░▀██▄▀ | . REGIONAL SPONSOR | | ███▀██▀███▀█▀▀▀▀██▀▀▀██ ██░▀░██░█░███░▀██░███▄█ █▄███▄██▄████▄████▄▄▄██ ██▀ ▀███▀▀░▀██▀▀▀██████ ███▄███░▄▀██████▀█▀█▀▀█ ████▀▀██▄▀█████▄█▀███▄█ ███▄▄▄████████▄█▄▀█████ ███▀▀▀████████████▄▀███ ███▄░▄█▀▀▀██████▀▀▀▄███ ███████▄██▄▌████▀▀█████ ▀██▄███▀██▄█▄▄▄██▄████▀ ▀▀██████████▄▄███▀▀ ▀▀▀▀█▀▀▀▀ | . EUROPEAN BETTING PARTNER | |
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Miles2006
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August 22, 2024, 12:12:10 AM Last edit: August 22, 2024, 06:43:18 AM by Miles2006 |
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Newbie or no newbie, it is not advisable to invest all your money in bitcoin. No matter how much you think is in your emergency funds account. It is advisable to always keep your sources of income open even though you have kept emergency funds aside. Because you don't know the kind of emergencies that might come up tomorrow. It could be an emergency that will consume all your emergency funds at once. So at that time you have invested all your money in bitcoin and the emergency funds you have kept cannot solve the problem, at that point what will you do? You will definitely go to your investment. But if you had kept your source of income flowing, you won't be in that situation.
If you invest all your money in bitcoin to only depend on your emergency funds, equally mean that you have a short term hold mentality. Because you are just waiting for a slight upward trend to sell off.
Emergency funds is crucial for a well sustained investment be it short or long term. No matter how short it may look like in between those space the investor can be faced with extreme life expenses that requires immediate attention and emergency funds should be rightly available to solve such problems, mostly at the early stages of accumulating Bitcoin. One other thing to clear off is that our emergency funds is separate from money kept aside to carry out living expenditures, so it is not right to invest all we have into Bitcoin all for the sake of getting out of it a bigger profits. Experience is applied during the process of accumulating, it cannot be reversed when already put into action by investing more than should have, getting out of it with the only option is to sell too soon which is not recommended, so to avoid this from happening, investors are advised to invest more deligently according to availability of funds. Short term investment is just like trading and that does not require much of emergency funds because if you understand what emergency fund is, you will know it is best suitable for long term investment because it serve as a protection of the investment itself because that is what the investor resort to when there is issues that need urgent attention which was not accounted for or expected to happen. If someone buy bitcoin and hoping to sell when price rises a little and he see reasonable profits, I do not see the need to keep emergency funds. Therefore, emergency fund is indeed crusial to sustain the investment but it is mainly for long term investment. Short term investing is like trading, but there is risk involved in investing for a short period of time. However, having funds is the most important thing when it comes to investing. If you don't have funds, you can't invest. If you have enough funds, you can invest some amount from there. When you invest you may face loss due to volatility in the market but if you have funds at that time then you can reinvest and get profit from it. So I also think it is very important to have an emergency fund to sustain the investment and an investor has a high expectation of profit in it. But long term investment is best as compared to short term placement and profit is easy here. I don’t think I get what you’re trying to point out with short term investment and the risk involve also owning enough money before anyone can invest using the short term strategy. Anyone can attach profit with trading but it’s never advisable an investor go into bitcoin with short term strategy which I think is right, if anyone should brag about their short term holdings you’ll definitely know an investor holding for long run will always make better profit. Secondly timing the volatility market when trying to accumulate bitcoin is wrong basically anyone can buy at any price interval and hold for long knowing bitcoin is a valuable asset, What you need to know about bitcoin short investment choice is you can’t get the profit you want within short period rather bitcoin market is volatile which brings benefits after investing for years.. Concerning emergency funds, emergency funds is like a back up funds and it’s a must when investing for long term emergency funds is needed.
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boty
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August 22, 2024, 02:51:36 AM |
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Short term investing is like trading, but there is risk involved in investing for a short period of time. However, having funds is the most important thing when it comes to investing. If you don't have funds, you can't invest. If you have enough funds, you can invest some amount from there. When you invest you may face loss due to volatility in the market but if you have funds at that time then you can reinvest and get profit from it. So I also think it is very important to have an emergency fund to sustain the investment and an investor has a high expectation of profit in it. But long term investment is best as compared to short term placement and profit is easy here.
I don’t think I get what you’re trying to point out with short term investment and the risk involve also owning enough money before anyone can invest using the short term strategy. Anyone can attach profit with trading but it’s never advisable an investor go into bitcoin with short term strategy which I think is not right, if anyone should brag about their short term holdings you’ll definitely know an investor holding for long run will always make better profit. Secondly timing the volatility market when trying to accumulate bitcoin is wrong basically anyone can buy at any price interval and hold for long knowing bitcoin is a valuable asset, What you need to know about bitcoin short investment choice is you can’t get the profit you want within short period rather bitcoin market is volatile which brings benefits after investing for years.. Concerning emergency funds, emergency funds is like a back up funds and it’s a must when investing for long term emergency funds is needed. You are right, indeed anyone can make a profit from trading as long as they have good skills and knowledge about trading and choosing to invest Bitcoin in the short term is highly discouraged because the price of Bitcoin is very volatile so this will be very unlikely to be able to generate profits in the short term, but it would be great if we continue to accumulate Bitcoin assets and hold them for a long time to be able to make a profit from holding these assets and we also have to keep planning before deciding to start in order to be able to run the investment properly, as you said it is very right we have to think about emergency funds so as not to interfere with the assets that we have invested when we suddenly need the funds.
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Publictalk792
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August 22, 2024, 03:25:29 AM |
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Short term investing is like trading, but there is risk involved in investing for a short period of time. However, having funds is the most important thing when it comes to investing. If you don't have funds, you can't invest. If you have enough funds, you can invest some amount from there. When you invest you may face loss due to volatility in the market but if you have funds at that time then you can reinvest and get profit from it. So I also think it is very important to have an emergency fund to sustain the investment and an investor has a high expectation of profit in it. But long term investment is best as compared to short term placement and profit is easy here.
I don’t think I get what you’re trying to point out with short term investment and the risk involve also owning enough money before anyone can invest using the short term strategy. Anyone can attach profit with trading but it’s never advisable an investor go into bitcoin with short term strategy which I think is not right, if anyone should brag about their short term holdings you’ll definitely know an investor holding for long run will always make better profit. Secondly timing the volatility market when trying to accumulate bitcoin is wrong basically anyone can buy at any price interval and hold for long knowing bitcoin is a valuable asset, What you need to know about bitcoin short investment choice is you can’t get the profit you want within short period rather bitcoin market is volatile which brings benefits after investing for years.. Concerning emergency funds, emergency funds is like a back up funds and it’s a must when investing for long term emergency funds is needed. You are right, indeed anyone can make a profit from trading as long as they have good skills and knowledge about trading and choosing to invest Bitcoin in the short term is highly discouraged because the price of Bitcoin is very volatile so this will be very unlikely to be able to generate profits in the short term, but it would be great if we continue to accumulate Bitcoin assets and hold them for a long time to be able to make a profit from holding these assets and we also have to keep planning before deciding to start in order to be able to run the investment properly, as you said it is very right we have to think about emergency funds so as not to interfere with the assets that we have invested when we suddenly need the funds. I totally agree with you. To make money from trading we need to have right skills knowledge and plan. Investing in Bitcoin for short time is risky because its price change quickly which making it hard to make money fast. But if we hold Bitcoin for long time we make profit. I also like that you said planning and separating emergency money is important. We need to think carefully before investing and have some extra money set aside in case something unexpected happens. This way we can invest without worrying about losing money when we need it. Your advice is good and many of us can follow it.
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| . Duelbits | │ | | │ | ▄▄█▄▄░░▄▄█▄▄░░▄▄█▄▄ ███░░░░███░░░░███ ▀░░░▀░░▀░░░▀░░▀░░░▀ ▄░░░░░░░░░░░░ ▀██████████ ░░░░░███░░░░▀ ░░█░░░███▄█░░░█ ░░██▌░░███░▀░░██▌ ░█░██░░███░░░█░██ ░█▀▀▀█▌░███░░█▀▀▀█▌ ▄█▄░░░██▄███▄█▄░░▄██▄ ▄███▄ ░░░░▀██▄▀ | . REGIONAL SPONSOR | | ███▀██▀███▀█▀▀▀▀██▀▀▀██ ██░▀░██░█░███░▀██░███▄█ █▄███▄██▄████▄████▄▄▄██ ██▀ ▀███▀▀░▀██▀▀▀██████ ███▄███░▄▀██████▀█▀█▀▀█ ████▀▀██▄▀█████▄█▀███▄█ ███▄▄▄████████▄█▄▀█████ ███▀▀▀████████████▄▀███ ███▄░▄█▀▀▀██████▀▀▀▄███ ███████▄██▄▌████▀▀█████ ▀██▄███▀██▄█▄▄▄██▄████▀ ▀▀██████████▄▄███▀▀ ▀▀▀▀█▀▀▀▀ | . EUROPEAN BETTING PARTNER | |
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DubemIfedigbo001
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August 22, 2024, 04:25:36 AM |
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Investors who invest for a short period buy a large amount of Bitcoin at once. Most of us are investors who don't have extra funds so they opt for long-term investments. Because in this long-term investment, we can buy bitcoins and deposit them in the investment portfolio at any time using funds according to our ability.
Moreover, long-term investment has a higher chance of profit because investors make their investment long-term, some four years, six years even many who prolong their investment up to 10 years. Bitcoins fall in price, but recover by rising again. As we've seen Bitcoin's price rise from around $40,000 to an all-time high this year. So those who patiently hold their investments for long term reach the pinnacle of success.
It's not entirely true, lump summing is not for short term investment, it's to accumulate more stashes of Bitcoin at a time, most investors who've good finances and decide to engage in Bitcoin accumulation lump sum and then possibly follow up with DCA to further expand their portfolios. Some investors lump sum, and are comfortable with their accumulated quantity, they send it to cold storage or decentralized wallets and starts holding for as long as they wish, some still lump sum and follow up with DCA to accumulate more, while some ignorantly buys and takes away short term profits. I still know some friends that bought little quantity and rushed to cash it in when they observed little profits and I call them Bitcoin gamblers and not investors. I've seen a friend who bought Bitcoin worth of $5k in 2015 and he has not bought any other. But he continues holding and he's happy his investment continues appreciating . There's no criteria of people who engage in short term investment, it's just about making the right decision and having the patience and composure to hold for a long time for your investment to get very profitable.
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Popkon6
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August 22, 2024, 04:37:22 AM |
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Short term investing is like trading, but there is risk involved in investing for a short period of time. However, having funds is the most important thing when it comes to investing. If you don't have funds, you can't invest. If you have enough funds, you can invest some amount from there. When you invest you may face loss due to volatility in the market but if you have funds at that time then you can reinvest and get profit from it. So I also think it is very important to have an emergency fund to sustain the investment and an investor has a high expectation of profit in it. But long term investment is best as compared to short term placement and profit is easy here.
An investor will never make an investment based on your information, so I do not agree with such information, because the DCA method leads all investors to success and controls the price of buying Bitcoin. An investor if he invests according to DCA method he will never face crowd in any market if he holds for a long time. Both new and old investors can follow the DCA method, but success is possible if you keep it for a long time. Not all investors are hoarding money, especially those who have poor holders who can basically DCA Bitcoin by saving extra money from weekly or monthly expenses. So the DCA method is open to any investor using it with the highest number of successes.
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Mr.right85
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August 22, 2024, 07:21:04 AM Merited by JayJuanGee (1) |
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If you don't have funds, you can't invest. If you have enough funds, you can invest some amount from there. When you invest you may face loss due to volatility in the market but if you have funds at that time then you can reinvest and get profit from it. So I also think it is very important to have an emergency fund to sustain the investment and an investor has a high expectation of profit in it. But long term investment is best as compared to short term placement and profit is easy here.
Emergency funds is a necessity for every human being that can allow themselves to create that purse. It’s always life saving as, having to beacon on friends and family for aids or even going through the processes to take loans isn’t always an easy going one. Then again, I don’t think you really do have to wait until you’ve got enough funds to invest. When is funds ever said to be enough? You get to create that enough else, it’s never enough. There is always needs and wants that you wish to satisfy with what you’ve got, it’s always up to you to create that space to accommodate investments. Not all investors are hoarding money, especially those who have poor holders who can basically DCA Bitcoin by saving extra money from weekly or monthly expenses. So the DCA method is open to any investor using it with the highest number of successes.
The whole people might actually hoard money is the time you out to have put that money in the Bitcoin market, get some coins and leave it be in your non custodial wallet. Bitcoin doesn’t segregate on amount, you buy and be ready to hold for a long time, that works.
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