Buy the DIP, and HODL!

[Gost ms]

If you buy bitcoin and decide to hold for 1 to 2 circle do you also consider such person as a semi trader? B
[/quote]
If someone decides to invest in 1 to 2 circles, then I will not consider him as a semi-trader. Because

One circle means 4 years, then two circles means 8 years. I think that 8 years is also called the middle of the long-term investment. Because short-term investment means 1 to 2 years or a little more than that. We can call all investors semi-traders.

In the case of Bitcoin investment, always try to invest for 3 to 4 circles. 3 to 4 circles are long-term investments. After the investment goal is achieved. He can use the invested money as he wishes. But the invested money cannot be withdrawn until the investment period is over.

Before investing in Bitcoin, you need to create an emergency fund. Because I will invest in the long term, so that if you face any kind of financial crisis during this period, you do not have to withdraw your invested money. Then you may have to take money from your emergency fund to overcome your financial crisis. For this, you need to create a fund.

[Ruttoshi]

If you buy bitcoin and decide to hold for 1 to 2 circle do you also consider such person as a semi trader? B

If someone decides to invest in 1 to 2 circles, then I will not consider him as a semi-trader. Because

One circle means 4 years, then two circles means 8 years. I think that 8 years is also called the middle of the long-term investment. Because short-term investment means 1 to 2 years or a little more than that. We can call all investors semi-traders.

In the case of Bitcoin investment, always try to invest for 3 to 4 circles. 3 to 4 circles are long-term investments. After the investment goal is achieved. He can use the invested money as he wishes. But the invested money cannot be withdrawn until the investment period is over.

Before investing in Bitcoin, you need to create an emergency fund.Because I will invest in the long term, so that if you face any kind of financial crisis during this period, you do not have to withdraw your invested money. Then you may have to take money from your emergency fund to overcome your financial crisis. For this, you need to create a fund.

I fixed your quote for you.

A brand new bitcoin investor don't need to set up an emergency funds first before investing in bitcoin if he doesn't have any on ground. It's better that he starts investing right away provided that he has his discretionary income available. You can be investing in bitcoin every week through DCA regularly, while you set up your emergency funds simultaneously with building your bitcoin investment at the same time.

The best way to go about it is to share your discretionary income into to part, use one part to be DCAing regularly and the other part to build your emergency funds until when it has reached at least three months of your income. When you have built your emergency funds, you can channel the money into building a reserve funds. When you have built your reserve funds, you can then channel that money into buying bitcoin aggressively to cover up all the time that you were using to build your backup funds. If you want to build your emergency funds first, you will waste a lot of time that you are suppose to have used to accumulate more bitcoin since you are a no coiner.

[Zanab247]

If you have reached your bitcoin target does not mean that it's selling time, rather you have just transit to your maintenance stage. You can only think of selling part of your bitcoin when you have accumulated more than enough Bitcoin.

After achieving your goal, an investor can certainly sell a portion to enjoy the gains, or plan to reinvest elsewhere, which I think should be done. Because it would not be wise to put all your eggs in one basket. However, that doesn't mean that after reaching your goal, you should sell all your Bitcoin—no Bitcoin holder would want that, especially not me. This is because you would never want to sell a company that you’ve built with your hard-earned money to someone else. Investment is like owning a company or a business. Once established, it will continue to provide you with profits for a lifetime. You could even pass it on to your heirs if they are capable. Just like you would never be willing to sell a company you built with effort, holding onto Bitcoin is like holding a company, and completely selling it might be a wrong decision.

But there are some gains investors don't touch no matter the condition they may find themselves, after achieving their goals because they always believed that something will come up that will draw their attention to invest to increase their wealth, and they will not struggle to get the money because they have the money to create such business.

The moment you sell the company that is bringing profits to you daily or weekly, you will begin to reduce gradually because the profits will no longer coming to you and you will be regretting for not buying BTC as usual. That is why hodling BTC is like a tool investors are using to pull out profit from the market when bull run hit the market, Nobody is hodling BTC to experience lost in the bull run.

[Stormisover]

If you have reached your bitcoin target does not mean that it's selling time, rather you have just transit to your maintenance stage. You can only think of selling part of your bitcoin when you have accumulated more than enough Bitcoin.

After achieving your goal, an investor can certainly sell a portion to enjoy the gains, or plan to reinvest elsewhere, which I think should be done. Because it would not be wise to put all your eggs in one basket. However, that doesn't mean that after reaching your goal, you should sell all your Bitcoin—no Bitcoin holder would want that, especially not me. This is because you would never want to sell a company that you’ve built with your hard-earned money to someone else. Investment is like owning a company or a business. Once established, it will continue to provide you with profits for a lifetime. You could even pass it on to your heirs if they are capable. Just like you would never be willing to sell a company you built with effort, holding onto Bitcoin is like holding a company, and completely selling it might be a wrong decision.

But there are some gains investors don't touch no matter the condition they may find themselves, after achieving their goals because they always believed that something will come up that will draw their attention to invest to increase their wealth, and they will not struggle to get the money because they have the money to create such business.

The moment you sell the company that is bringing profits to you daily or weekly, you will begin to reduce gradually because the profits will no longer coming to you and you will be regretting for not buying BTC as usual. That is why hodling BTC is like a tool investors are using to pull out profit from the market when bull run hit the market, Nobody is hodling BTC to experience lost in the bull run.

I found out that there are core reasons why any investor would pulled out profits from the market when bull run hits the market, which includes having a reasonable size of Bitcoin and has been able to hold for a long period of time which will varies from different levels of investors in terms of when they started and how much of Bitcoin they have have been able to accumulate, an investor doesn't only focus on pulling out profits during the bull run, they also maximize buying Bitcoin during the bull run and in the bear and I don't believe anyone holding Bitcoin has experience lost if they have not sold, I have a question for you, how can someone that is holding bitcon experience lost in the bull run? Holding Bitcoin should be more like a tool use by investors to generate and regenerate the overall values of the asset Bitcoin that they are holding over time.

[Gallar]

I’m constantly buying when I’m able to. In a few years the current price will seem like a joke. Anybody who isn’t buying now will majorly regret it.

Yes that's the Spirit. Consistency in accumulating is the key  to this our business. I know some people may be discourage at some points but being able to stick to your investment is what that matters.

What do you mean, does this have anything to do with bitcoin? Try to clarify your posts, so we better understand where your discussion is going. Additionally, when it comes to bitcoin, yes, I also agree that people who know about bitcoin now and don't buy it, probably in the future that person will most likely regret their decision. Because investing in Bitcoin as early as possible is the right decision if we have the cold money. Because in the future the price of bitcoin will most likely continue to experience quite significant increases. That's why don't wait too long to buy bitcoin, if for example you already have cold cash. So don't think that buying bitcoin at the current price is expensive. Because in essence the current price of bitcoin can be said to still be in its initial phase. So in essence, Bitcoin in the future will experience a much greater price increase than at present. Therefore there is no reason for us to wait for our purchase of bitcoin, if we really want to invest in it. Because when investing in Bitcoin we have to be fast and not be hampered by price reasons.

[Sim_card]

Before investing in Bitcoin, you need to create an emergency fund. Because I will invest in the long term, so that if you face any kind of financial crisis during this period, you do not have to withdraw your invested money. Then you may have to take money from your emergency fund to overcome your financial crisis. For this, you need to create a fund.

It's useless creating an emergency funds before starting your Bitcoin investment because you don't have any bitcoin investment available so what is the need emergency funds. Your emergency funds is a backup funds to your bitcoin investment and when you are a no coiner, what are preventing from selling.

It isn't easy to set up an emergency funds of three months of your income because for some small income earners, it might take them up to one year or more to build their emergency funds from their discretionary income. So when you are busy waiting to build your emergency funds, you are missing a lot of opportunities in the market. You might be wasting time and bitcoin price will keep increasing.

Starting your bitcoin investment immediately when you have the funds to start should be your priority, because you are starting late and have missed a lot of opportunities of buying cheap. Secondly buying regularly, consistently, persistently and aggressively to increase your bitcoin stash overtime should be what you are more focused on. You can start building your emergency funds, when you have started your bitcoin investment. It's just that it will take you more time to be through with setting up your emergency funds since you are doing two things at the same time. However, it's better to be a lower coiner than a no coiner.

[Wind_FURY]

I’m constantly buying when I’m able to. In a few years the current price will seem like a joke. Anybody who isn’t buying now will majorly regret it.

Yes that's the Spirit. Consistency in accumulating is the key  to this our business. I know some people may be discourage at some points but being able to stick to your investment is what that matters.

To those plebs who left and have sold or those who refuse to join us in our Bitcoin journey, to them I say I'm sorry. Come back/join us now because these next months will see the next Bitcoin SURGE that will take the HODLers to $200,000.

It's 305 days after the halving when this post was made, based on 2016 and 2020 ATH, there's about 250 days more for the current bull cycle.

HODL

2025-02-18, 23:59 UTC

305 days after halving

Current: $95,444.03
2012 scaled: $657,233.55
2016 scaled: $174,335.82
2020 scaled: $454,852.50



https://x.com/halvingtracker/status/1892072930571403661

[Pi-network314159]

If you have reached your bitcoin target does not mean that it's selling time, rather you have just transit to your maintenance stage. You can only think of selling part of your bitcoin when you have accumulated more than enough Bitcoin.

After achieving your goal, an investor can certainly sell a portion to enjoy the gains, or plan to reinvest elsewhere, which I think should be done. Because it would not be wise to put all your eggs in one basket. However, that doesn't mean that after reaching your goal, you should sell all your Bitcoin—no Bitcoin holder would want that, especially not me. This is because you would never want to sell a company that you’ve built with your hard-earned money to someone else. Investment is like owning a company or a business. Once established, it will continue to provide you with profits for a lifetime. You could even pass it on to your heirs if they are capable. Just like you would never be willing to sell a company you built with effort, holding onto Bitcoin is like holding a company, and completely selling it might be a wrong decision.

But there are some gains investors don't touch no matter the condition they may find themselves, after achieving their goals because they always believed that something will come up that will draw their attention to invest to increase their wealth, and they will not struggle to get the money because they have the money to create such business.

Money used for additional wealth Creation must not be the profit gotten from an investment rather additional wealth Creation or  investment will definitely come from discretion. According to what the first user he said 'some portion' meaning that it may not necessarily be all profit that will be sold. That's why it is important that An investor should always have a discretion fund and or emergency fund to be able to handle certain situations when they arise . Profit is profit which is the output of every investment why discretion is their to serve the purpose to handle any situation like diversifying into other assets, except a critical one that will involve emergency fund. So each money has its function both emergency fund, discretion and  profit. So profit can be used for reinvestment but it is important to allow it grow in your portfolio till the speculated time frame while the discretion does the work of additional investment. While emergency fund help to solve critical situation which is above discretion. But Bitcoin investment should be left alone till the time frame expected.

[As-Soon-As]

I think all the small investors who have the habit of selling Bitcoin actually don't understand anything about investing. But I don't agree that big investors have a habit of selling Bitcoin, in fact they are called big investors because they buy Bitcoin regularly and own a lot of Bitcoin. That is, they are very experienced and patient, so they have been able to increase their Bitcoin holding, and even have a lot of patience to maintain their investment. So it would be wrong to say that big investors have the habit of selling Bitcoin.

Not only is prudent income necessary for small investors, it is much more important and necessary for all investors. In fact, in many cases, many use the words prudence and disposable income, so they should know properly.

Everybody needs to fix their profits eventually.
The thing is most smaller investors are not standing on the same stable ground as the bigger ones - they still need to think about their potential risks and much more, whereas guys in suits and a bit lower don't need to think about it.

Is not that small invests that have habit of selling their Bitcoin does not understand investment, most of them understand investment but the truth is that some of them don't have the financial capacity to solve some of their basic needs so when they have any financial pressure on them they tend to sell up their Bitcoin to enable them raise money to solve their financial problem. This is the reason why it's important for every Bitcoin Investors to have alternate source of income or a descrisionery income to enable them be able to solve their financial needs without affecting their Bitcoin investment for long term holding.

Anyone who sells his or her investment when it is small, it is either the person is a gambler or the person don't understand Bitcoin investment because if you are not a gambler you should understand that the best and advisable way to go about Bitcoin investment is to use what you can afford to let go that is something you won't feel even if something goes wrong and someone who understands Bitcoin investment should always have a discretionary and a reserve funds, using your discretionary to settle challenge is still not good rather what you should use to settle challenge(s) is your reserve funds so don't get it twisted.

A person who does not keep an emergency fund with Bitcoin investment may have missed out on an investment strategy. Every investor needs to know investment strategies, whenever you face any danger, you can deal with that danger with your emergency fund.
It is possible to sustain his investment in the long term based on Bitcoin investment plans and strategies, because the more the Bitcoin investment follows the DCA method, the more his investment will be able to accumulate more sales in the long term and in the long term. Therefore, the most important thing should be given to Bitcoin investment strategies, because these steps are definitely needed to sustain the investment.

[john_egbert]

A person who does not keep an emergency fund with Bitcoin investment may have missed out on an investment strategy. Every investor needs to know investment strategies, whenever you face any danger, you can deal with that danger with your emergency fund.
It is possible to sustain his investment in the long term based on Bitcoin investment plans and strategies, because the more the Bitcoin investment follows the DCA method, the more his investment will be able to accumulate more sales in the long term and in the long term. Therefore, the most important thing should be given to Bitcoin investment strategies, because these steps are definitely needed to sustain the investment.

Knowledge brings better experience in the end. And said knowledge is used mainly to create strategies, and to minimize the risks.
A person should just invest the amount of money that is viable for him weekly or monthly, and it shouldn't be a problem for this person to do it consistently.

[Joy- maker]

I think all the small investors who have the habit of selling Bitcoin actually don't understand anything about investing. But I don't agree that big investors have a habit of selling Bitcoin, in fact they are called big investors because they buy Bitcoin regularly and own a lot of Bitcoin. That is, they are very experienced and patient, so they have been able to increase their Bitcoin holding, and even have a lot of patience to maintain their investment. So it would be wrong to say that big investors have the habit of selling Bitcoin.

Not only is prudent income necessary for small investors, it is much more important and necessary for all investors. In fact, in many cases, many use the words prudence and disposable income, so they should know properly.

Everybody needs to fix their profits eventually.
The thing is most smaller investors are not standing on the same stable ground as the bigger ones - they still need to think about their potential risks and much more, whereas guys in suits and a bit lower don't need to think about it.

Is not that small invests that have habit of selling their Bitcoin does not understand investment, most of them understand investment but the truth is that some of them don't have the financial capacity to solve some of their basic needs so when they have any financial pressure on them they tend to sell up their Bitcoin to enable them raise money to solve their financial problem. This is the reason why it's important for every Bitcoin Investors to have alternate source of income or a descrisionery income to enable them be able to solve their financial needs without affecting their Bitcoin investment for long term holding.

Anyone who sells his or her investment when it is small, it is either the person is a gambler or the person don't understand Bitcoin investment because if you are not a gambler you should understand that the best and advisable way to go about Bitcoin investment is to use what you can afford to let go that is something you won't feel even if something goes wrong and someone who understands Bitcoin investment should always have a discretionary and a reserve funds, using your discretionary to settle challenge is still not good rather what you should use to settle challenge(s) is your reserve funds so don't get it twisted.

A person who does not keep an emergency fund with Bitcoin investment may have missed out on an investment strategy. Every investor needs to know investment strategies, whenever you face any danger, you can deal with that danger with your emergency fund.
It is possible to sustain his investment in the long term based on Bitcoin investment plans and strategies, because the more the Bitcoin investment follows the DCA method, the more his investment will be able to accumulate more sales in the long term and in the long term. Therefore, the most important thing should be given to Bitcoin investment strategies, because these steps are definitely needed to sustain the investment.

Before an investor begins to accumulate Bitcoin for the long term, it's important to establish a savings fund and an emergency fund. These funds will help maintain a stable investment portfolio and prevent the need to sell investments prematurely, especially when they are still in the early stages. Having reserve and emergency funds is crucial for Bitcoin investments, as they will allow you to address your needs and any unforeseen circumstances. This way, you can continue to accumulate Bitcoin over time using the DCA strategy, which is popular among investors.

[Ricardo11]

I think all the small investors who have the habit of selling Bitcoin actually don't understand anything about investing. But I don't agree that big investors have a habit of selling Bitcoin, in fact they are called big investors because they buy Bitcoin regularly and own a lot of Bitcoin. That is, they are very experienced and patient, so they have been able to increase their Bitcoin holding, and even have a lot of patience to maintain their investment. So it would be wrong to say that big investors have the habit of selling Bitcoin.

Not only is prudent income necessary for small investors, it is much more important and necessary for all investors. In fact, in many cases, many use the words prudence and disposable income, so they should know properly.

Everybody needs to fix their profits eventually.
The thing is most smaller investors are not standing on the same stable ground as the bigger ones - they still need to think about their potential risks and much more, whereas guys in suits and a bit lower don't need to think about it.

Is not that small invests that have habit of selling their Bitcoin does not understand investment, most of them understand investment but the truth is that some of them don't have the financial capacity to solve some of their basic needs so when they have any financial pressure on them they tend to sell up their Bitcoin to enable them raise money to solve their financial problem. This is the reason why it's important for every Bitcoin Investors to have alternate source of income or a descrisionery income to enable them be able to solve their financial needs without affecting their Bitcoin investment for long term holding.

Anyone who sells his or her investment when it is small, it is either the person is a gambler or the person don't understand Bitcoin investment because if you are not a gambler you should understand that the best and advisable way to go about Bitcoin investment is to use what you can afford to let go that is something you won't feel even if something goes wrong and someone who understands Bitcoin investment should always have a discretionary and a reserve funds, using your discretionary to settle challenge is still not good rather what you should use to settle challenge(s) is your reserve funds so don't get it twisted.

A person who does not keep an emergency fund with Bitcoin investment may have missed out on an investment strategy. Every investor needs to know investment strategies, whenever you face any danger, you can deal with that danger with your emergency fund.
It is possible to sustain his investment in the long term based on Bitcoin investment plans and strategies, because the more the Bitcoin investment follows the DCA method, the more his investment will be able to accumulate more sales in the long term and in the long term. Therefore, the most important thing should be given to Bitcoin investment strategies, because these steps are definitely needed to sustain the investment.

Yes, to sustain an investment for a long time, it is necessary to have an emergency fund ready, which will protect him from all kinds of financial crises. When starting a long-term investment, he must first research all his expenses according to his income. And he must invest money that will not affect his daily life in any way. That is, by calculating income and expenses, you must invest the money that you will not need.

However, every prudent investor first pays attention to his risk management, and always invests using the right strategy. But those who invest haphazardly without any strategy will face big losses in the future. In the case of Bitcoin investment, you must invest strategically for the purpose of long-term holding. By following proper risk management, a strong emergency fund must be prepared, and by keeping the necessary funds ready, an investor will definitely be able to maintain his long-term holding continuously.

[FortuneFollower]

Before an investor begins to accumulate Bitcoin for the long term, it's important to establish a savings fund and an emergency fund. These funds will help maintain a stable investment portfolio and prevent the need to sell investments prematurely, especially when they are still in the early stages. Having reserve and emergency funds is crucial for Bitcoin investments, as they will allow you to address your needs and any unforeseen circumstances. This way, you can continue to accumulate Bitcoin over time using the DCA strategy, which is popular among investors.

Just invest what you can afford to invest monthly or weekly and don't think about it too much.
The main thing is to not do the lump sum buys if you have some risks attached due to the need to cash out earlier than needed.

[Frankolala]

I think all the small investors who have the habit of selling Bitcoin actually don't understand anything about investing. But I don't agree that big investors have a habit of selling Bitcoin, in fact they are called big investors because they buy Bitcoin regularly and own a lot of Bitcoin. That is, they are very experienced and patient, so they have been able to increase their Bitcoin holding, and even have a lot of patience to maintain their investment. So it would be wrong to say that big investors have the habit of selling Bitcoin.

Not only is prudent income necessary for small investors, it is much more important and necessary for all investors. In fact, in many cases, many use the words prudence and disposable income, so they should know properly.

Everybody needs to fix their profits eventually.
The thing is most smaller investors are not standing on the same stable ground as the bigger ones - they still need to think about their potential risks and much more, whereas guys in suits and a bit lower don't need to think about it.

Is not that small invests that have habit of selling their Bitcoin does not understand investment, most of them understand investment but the truth is that some of them don't have the financial capacity to solve some of their basic needs so when they have any financial pressure on them they tend to sell up their Bitcoin to enable them raise money to solve their financial problem. This is the reason why it's important for every Bitcoin Investors to have alternate source of income or a descrisionery income to enable them be able to solve their financial needs without affecting their Bitcoin investment for long term holding.

Anyone who sells his or her investment when it is small, it is either the person is a gambler or the person don't understand Bitcoin investment because if you are not a gambler you should understand that the best and advisable way to go about Bitcoin investment is to use what you can afford to let go that is something you won't feel even if something goes wrong and someone who understands Bitcoin investment should always have a discretionary and a reserve funds, using your discretionary to settle challenge is still not good rather what you should use to settle challenge(s) is your reserve funds so don't get it twisted.

A person who does not keep an emergency fund with Bitcoin investment may have missed out on an investment strategy. Every investor needs to know investment strategies, whenever you face any danger, you can deal with that danger with your emergency fund.
It is possible to sustain his investment in the long term based on Bitcoin investment plans and strategies, because the more the Bitcoin investment follows the DCA method, the more his investment will be able to accumulate more sales in the long term and in the long term. Therefore, the most important thing should be given to Bitcoin investment strategies, because these steps are definitely needed to sustain the investment.

Before an investor begins to accumulate Bitcoin for the long term, it's important to establish a savings fund and an emergency fund.These funds will help maintain a stable investment portfolio and prevent the need to sell investments prematurely, especially when they are still in the early stages. Having reserve and emergency funds is crucial for Bitcoin investments, as they will allow you to address your needs and any unforeseen circumstances. This way, you can continue to accumulate Bitcoin over time using the DCA strategy, which is popular among investors.

It's not important to create an emergency funds before starting your Bitcoin investment, because it's irrelevant. No need to keeping too much fiat on you when you don't have any bitcoin. Emergencies may/maynot come, but it's good to prepare for it. This is why emergency funds shouldn't be our priority but buying bitcoin should be, because bitcoin price waits for no man. You are investing on a long term investment with consistent DCA for 4-10 years. You have all the time to build your emergency funds as you are investing. Your emergency funds is a backup to your bitcoin investment and not your bitcoin investment been a backup to your emergency funds. There must be a bitcoin investment before your emergency funds will be effective.

[MissNonFall9]

there are only two viable strategies for those accumulating bitcoin in my opinion.
- you either consider yourself a trader which means you have to be buying the dips and each time you see a good opportunity like the correction after we hit $5500.
- or you are just dumping your fiat every time you have some extra laying around and turning it into valuable bitcoin. in which case it really doesn't matter when you buy specially since that strategy is a long term one and whether you buy at $5000 or $5500 doesn't make much difference when price goes up in long run as it doesn't matter if you bought at $220 or $240 back in 2015 now that price is 25 times more!!!

Some of you ideas are good but DCA is smart plan. I think It's hard to time the market. It's more complex.
My personal opinion is learn first. Without learning, anyone may lose money so learn first then think about trade.
And If you want to hold bitcoin, I believe use DCA is a smart choice but spend all the money at once is risky.
Market don't move in the straight line so Watch the market will be wise. No one can't guess future prices by looking at past ones.

You cannot be thinking about trade as a newbie, especially in this thread, you need to get your priorities right, It would surely interfere with your investment plan as you have little or no experience to manage both of them at a time. As a newbie you should be more concerned with accumulating and holding bitcoin and not trading it. DCA is a great option to start with as a newbie, but mingling with trade early enough is a threat to your consistency and commitment to your accumulation journey especially when you have a lot to learn about managing cashflow, having backup funds and purchasing bitcoin periodically.

I would suggest you don't distract yourself with trading, but focus more on investing using DCA as you suggested, with your available discretionary income and having an accumulation target in mind. It is also important you plan a long-term holding period of 4 - 10 years or more so you would've accumulated across a cycle or more and have significant stashes of bitcoin to your profile.

When you would loose all your money is if you venture into trade mindlessly as an inexperienced newbie at your level when you should be investing into bitcoin to secure your future financially.

Trading is not done out of desperation and the longing to make instant money if not followed with the right mindset and approach followed with the basic knowledge it could be disastrous
 There are loses and gains when it comes to trading loses should be a calculated one but how then do you know which is going to be profitable every risk should be calculated squarely

As a newbie in the in the digital space, starting off your involvement on bitcoin with trading is same as starting on the wrong foot, Investing is a way of stacking up stashes of bitcoin for yourself slowly and steadily for a relatively longer time while trading is like buying the coins and gambling with it. you can tell me the one that sound good and less risky to you, is it gambling or stacking?

Of course you should believe in stacking up something until it becomes very tangible and valuable for your consumption and that is synonymous with investing into bitcoin for a long-term, you should really take your mind off trading since you're new and judging from your utterances, you don't know shit about trading.

You do not need much experience or knowledge to invest into bitcoin, you only need an income source and presence of discretionary income, have an accumulation target, the desire to get started and a long-term plan, you'll surely figure out how good investing into bitcoin is as you advance in your accumulation journey, but you need to quit over-considering and get started.

One good thing in investing into bitcoin is that you don't loose your coins for any reason, unless for poor security practices, it remains there as you increase its quantity consistently amid market volatility, but your coins are intact and a long-term investment plan promises to give good profits, at least we can observe profits are obtainable from the history of bitcoin price appreciation. Unlike trading that your funds are at risk of being lost if the markets goes against your prediction and that is where the major risk lies.

Indeed, investing in Bitcoin does not require a very high level of knowledge, nor does it require additional verification because Bitcoin is a digital currency at the top of the current market system. In addition, if we read or observe the posts in this thread carefully, we can understand why Bitcoin is such an important currency for investment because the OP of this thread has presented important and informative words about Bitcoin investment and holding in very simple and fluent language. Which strengthens our investment attitude.

[hero_the_bossman]

It's not important to create an emergency funds before starting your Bitcoin investment, because it's irrelevant. No need to keeping too much fiat on you when you don't have any bitcoin. Emergencies may/maynot come, but it's good to prepare for it. This is why emergency funds shouldn't be our priority but buying bitcoin should be, because bitcoin price waits for no man. You are investing on a long term investment and you have all the time to build your emergency funds as you are investing. Your emergency funds is a backup to your bitcoin investment and not your bitcoin investment been a backup to your emergency funds. There must be a bitcoin investment before your emergency funds will be effective.

It's only viable if you don't have almost any cash intact and would have to oblige and get out of the market by, unfortunately, selling off your BTC.

Other than that, BTC investment doesn't have any risk to it at all.

[avp2306]

It's not important to create an emergency funds before starting your Bitcoin investment, because it's irrelevant. No need to keeping too much fiat on you when you don't have any bitcoin. Emergencies may/maynot come, but it's good to prepare for it. This is why emergency funds shouldn't be our priority but buying bitcoin should be, because bitcoin price waits for no man. You are investing on a long term investment and you have all the time to build your emergency funds as you are investing. Your emergency funds is a backup to your bitcoin investment and not your bitcoin investment been a backup to your emergency funds. There must be a bitcoin investment before your emergency funds will be effective.

It's only viable if you don't have almost any cash intact and would have to oblige and get out of the market by, unfortunately, selling off your BTC.

Other than that, BTC investment doesn't have any risk to it at all.

Situation will depends on financial capabilities but I guess its basic that we don't need to set up first our emergency funds when starting up since what actually needed to pay attention first is to execute our first accumulation. We could just set it up later on especially once we already established our portfolio since everything will be done if we already set some goals and include that in our plans.

Also we don't need to sell anything just to set it up since we could just spend some extra cash for this usage. I also don't agree with what you have said that Bitcoin investment doesn't have any risk attached since you also need to consider the market volatility and other market disturbance like fuds spreading. So don't expect any unrealistic with Bitcoin so that you will not caught up on some wrong thinking that might cause damage on your investment.

[Zackz5000]

I think all the small investors who have the habit of selling Bitcoin actually don't understand anything about investing. But I don't agree that big investors have a habit of selling Bitcoin, in fact they are called big investors because they buy Bitcoin regularly and own a lot of Bitcoin. That is, they are very experienced and patient, so they have been able to increase their Bitcoin holding, and even have a lot of patience to maintain their investment. So it would be wrong to say that big investors have the habit of selling Bitcoin.

Not only is prudent income necessary for small investors, it is much more important and necessary for all investors. In fact, in many cases, many use the words prudence and disposable income, so they should know properly.

Everybody needs to fix their profits eventually.
The thing is most smaller investors are not standing on the same stable ground as the bigger ones - they still need to think about their potential risks and much more, whereas guys in suits and a bit lower don't need to think about it.

Is not that small invests that have habit of selling their Bitcoin does not understand investment, most of them understand investment but the truth is that some of them don't have the financial capacity to solve some of their basic needs so when they have any financial pressure on them they tend to sell up their Bitcoin to enable them raise money to solve their financial problem. This is the reason why it's important for every Bitcoin Investors to have alternate source of income or a descrisionery income to enable them be able to solve their financial needs without affecting their Bitcoin investment for long term holding.

Anyone who sells his or her investment when it is small, it is either the person is a gambler or the person don't understand Bitcoin investment because if you are not a gambler you should understand that the best and advisable way to go about Bitcoin investment is to use what you can afford to let go that is something you won't feel even if something goes wrong and someone who understands Bitcoin investment should always have a discretionary and a reserve funds, using your discretionary to settle challenge is still not good rather what you should use to settle challenge(s) is your reserve funds so don't get it twisted.

A person who does not keep an emergency fund with Bitcoin investment may have missed out on an investment strategy. Every investor needs to know investment strategies, whenever you face any danger, you can deal with that danger with your emergency fund.
It is possible to sustain his investment in the long term based on Bitcoin investment plans and strategies, because the more the Bitcoin investment follows the DCA method, the more his investment will be able to accumulate more sales in the long term and in the long term. Therefore, the most important thing should be given to Bitcoin investment strategies, because these steps are definitely needed to sustain the investment.

Before an investor begins to accumulate Bitcoin for the long term, it's important to establish a savings fund and an emergency fund. These funds will help maintain a stable investment portfolio and prevent the need to sell investments prematurely, especially when they are still in the early stages. Having reserve and emergency funds is crucial for Bitcoin investments, as they will allow you to address your needs and any unforeseen circumstances. This way, you can continue to accumulate Bitcoin over time using the DCA strategy, which is popular among investors.

Having and emergency fund is important but what is more important is your discretionary income, if your discretionary income is ready you can start up accumulating Bitcoin immediately then along the line you can make provision for your emergency fund and others so it can enable you HODL your bitcoin for long without selling out in a short while when an unforeseen circumstances occur.

It's not important to create an emergency funds before starting your Bitcoin investment, because it's irrelevant. No need to keeping too much fiat on you when you don't have any bitcoin. Emergencies may/maynot come, but it's good to prepare for it. This is why emergency funds shouldn't be our priority but buying bitcoin should be, because bitcoin price waits for no man. You are investing on a long term investment and you have all the time to build your emergency funds as you are investing. Your emergency funds is a backup to your bitcoin investment and not your bitcoin investment been a backup to your emergency funds. There must be a bitcoin investment before your emergency funds will be effective.

It's only viable if you don't have almost any cash intact and would have to oblige and get out of the market by, unfortunately, selling off your BTC.

Other than that, BTC investment doesn't have any risk to it at all.

There is nothing risk free in this world even the life we are living is very risky talk more investment or bitcoin investment don't be mislead bitcoin investment is risky but less risk when you are willing to buy bitcoin and hold for a longer period of time either using the DCA strategy to accumulate Bitcoin.

[Stormisover]

Before investing in Bitcoin, you need to create an emergency fund. Because I will invest in the long term, so that if you face any kind of financial crisis during this period, you do not have to withdraw your invested money. Then you may have to take money from your emergency fund to overcome your financial crisis. For this, you need to create a fund.

It's useless creating an emergency funds before starting your Bitcoin investment because you don't have any bitcoin investment available so what is the need emergency funds. Your emergency funds is a backup funds to your bitcoin investment and when you are a no coiner, what are preventing from selling.

It isn't easy to set up an emergency funds of three months of your income because for some small income earners, it might take them up to one year or more to build their emergency funds from their discretionary income. So when you are busy waiting to build your emergency funds, you are missing a lot of opportunities in the market. You might be wasting time and bitcoin price will keep increasing.

Starting your bitcoin investment immediately when you have the funds to start should be your priority, because you are starting late and have missed a lot of opportunities of buying cheap. Secondly buying regularly, consistently, persistently and aggressively to increase your bitcoin stash overtime should be what you are more focused on. You can start building your emergency funds, when you have started your bitcoin investment. It's just that it will take you more time to be through with setting up your emergency funds since you are doing two things at the same time. However, it's better to be a lower coiner than a no coiner.

You would have better say that it is wrong to make building an emergency funds a criteria before starting a Bitcoin investment instead of saying that it is useless, we can not underate the importance and power of emergency funds in our daily life generally, neither can we quantify how and when it will happen, but then in regards to our Bitcoin long term investment we shouldn't make it a criteria before starting our investment and I agree with you since the plan is to buy and hold for a long term we have all the leverages of putting things together while we are also buying because it will serve us as a safety net in the case of emergency while accumulating.

[obuoma]

It's not important to create an emergency funds before starting your Bitcoin investment, because it's irrelevant. No need to keeping too much fiat on you when you don't have any bitcoin. Emergencies may/maynot come, but it's good to prepare for it. This is why emergency funds shouldn't be our priority but buying bitcoin should be, because bitcoin price waits for no man. You are investing on a long term investment and you have all the time to build your emergency funds as you are investing. Your emergency funds is a backup to your bitcoin investment and not your bitcoin investment been a backup to your emergency funds. There must be a bitcoin investment before your emergency funds will be effective.

It's only viable if you don't have almost any cash intact and would have to oblige and get out of the market by, unfortunately, selling off your BTC.

Other than that, BTC investment doesn't have any risk to it at all.

I don't think is right to say bitcoin investment doesn't have risk. In as much as bitcoin investment is more reliable compared to others investments does not make it risk free. Is not good to look at things in only on the positive side so that it will not affected your investment decisions. Infact is wise to invest what you can afford to loss.