Buy the DIP, and HODL!

[TalkativeCoin]

[edited out]

I agree with you that emergency fund is our back bone when unforseen circumstances happen, but I think it not compulsory that emergency fund must be 3 to 6 months ahead of our salary. I feel that discretion fund should be in position to be higher than emergency fund. reason because emergency don't happen frequently Rather regular expenses occure more frequently which will require discretion fund rather than emergency fund. Emergency fund don't need to be tamperd always or frequently like the discretion fund. If emergency fund is much higher than discretion fund then some regular ppl problem will be considered as emergency and will leed to always tampering emergency fund. But if discretion is higher than emergency them some problem that may even appear as emergency may be solved with discretion fund. Always considered discretion as a middle man between Bitcoin investment, emergency and family expenses.

I find your description confusing, since none of us have been talking about a discretion fund.. which sounds like a reserve fund.

The idea of discretionary income is the amount of money that we have available after expenses... so with discretionary income we can choose to invest or to consume with it or to save it by putting it into an emergency fund and/or reserves.

Generally, the emergency funds are the amount of money that we would not touch absent an actual emergency, but yeah, if we run out of reserves and other kinds of extra money, we might be forced to tap into our emergency funds, which would be our last line of defense before we might need to tap into our bitcoin investment.

[edited out]

My definition of an emergency fund is that it "doesn't exist" and it doesn't correlate to any math of your income.

You built, you forget about it, maybe make it work for you (e.g. low yield, low risk investment), and that's it. You don't calculate, you don't count on it, literally until you're holding your last pair of underwear 

Anyhow, on-topic, always buying THE DIP, but still not sure if it's "the one."

You come off as lost.

If you got into bitcoin since 2022 (going by your forum registration date), then hopefully (for your own good) you have been accumulating BTC regularly rather than waiting for dips...  Front loading would have had been good too during the past 2.5 years.

Buy the DIP, and HODL
The futures market for the S&P 500 is down by 1.30%, which is a big drawdown for an index, but Bitcoin is currently up by about 2.60%.  
 👀
Does that actually mean that the decoupling is happening?

Bitcoin has never been coupled... so you are delusional if you believe that it has been coupled... even though sure, for short periods of time, bitcoin seems to be correlated with various traditional asset classes, but those who consider that bitcoin is actually coupled with various traditional assets are failing/refusing to either zoom out or to appreciate bitcoin's actual non-correlated status, even if it can seem to have extended periods of appearing to be coupled (when it is not).

What would actually be delusional, and obviously laughable, is to believe that the Bitcoin market is totally decoupled from legacy markets. It could probably be totally be decoupled if Bitcoin has developed its own economy that's independent of the traditional economy.

I think that the BIGGER mistake comes from folks failing/refusing to consider bitcoin's distinctions from various legacy markets, and no of course, bitcoin is not totally uncorrelated to macro factors and/or to the movements of various fiat based systems...

At the same time, each of us who have been studying bitcoin and/or who have been into bitcoin for some time should be able to recognize and appreciate various break outs that bitcoin does from time to time, and so the guys who are buying into the correlation bullshit[/b{ end up discounting the relevance and/or importance of such ongoing and likely to continue bitcoin break outs that happen fairly regularly.

I believe that the more of the people from legacy finance participates in our niche, the more and more Bitcoin COULD become correlated with legacy markets. It's simply market efficiency ser. It would be delusional to believe that it's "bullshit".

So what?  Bitcoin is still quite an immature asset, and it ONLY has around 1% of the world's adoption.  Since bitcoin is so immature, it is going to continue to have the s-curve adoption aspects embedded into it, and bitcoin is also not like any other asset class, since it is a protocol layer of money that cannot easily be stopped, even though it seems likely that there are ongoing attempts to manipulate and control it that are likely not going to be successful.

I doubt that bitcoin is going to become correlated to macro-assets in any time in the near future, so you can continue to live your little fantasy about its supposed correlation.

That would indeed be the best aftermath of "Trump's Tariffs". That they cause capital flight from equities to hard assets like Gold and Bitcoin. Gold has been looking "parabolic", considering, for its market size.

Hopefully you are not getting distracted into gold., since surely gold is quite greatly inferior to bitcoin, even though sure it might have some period of decently good performance, especially relative to the dollar.

No, of course not, ser. But parity with or MORE than Gold's total market value, for me, should be Bitcoin's "North Star".

Parity with gold is not going to be that hard to achieve.. and so it seems more accurate to be considering beyond gold.. such as 10x to 1000x beyond gold, even though bitcoin might not make it to 1,000x beyond gold for 50-200 years, but still seems like a better north star rather than getting distracted by short term gold price moves.. and surely there are some folks who are probably failing/refusing to adequately/sufficiently buy (or hold onto their) bitcoin based on such gold distractions.

I'm not debating that it's "hard". I'm merely saying that Bitcoin is SO undervalued as another form of Store Of Value asset against Gold.

Plus, "short term Gold price moves"? Have you tried zooming out Gold's chart to the maximum? 👀

First of all, you seem to be making the claim that bitcoin and gold are in a similar place, and they are not.

Second, what point are you making about zooming out? 

Sure gold has a long history that precedes bitcoin's history, and sure some of that prior gold history is relevant to its potential performance relative to bitcoin's performance, yet you still seem distracted if you believe that there is some reason to allocate to gold instead of bitcoin or to perhaps have any more than 10% the size of your bitcoin investment into gold.. but hey whatever, if you want to stay distracted that is your choice, but if you start to promote nonsense about gold, then it would be more than fair to call you out for such nonsense to the extent that you want to continue to put out vague induendos trying to suggest that gold might be a good hedge merely based on some of its recent price bumps.

[edited out]

The only reason why people who didn't invested in Bitcoin back then can be seen as ignorant now? It is because Bitcoin is still in existence and not just in existence rather it also have great potential and you don't have to blame anyone who didn't invested back then because they didn't know it will be like this and even people who invested was not sure Bitcoin will be this great perhaps they just speculated and was convinced with there speculation that is why they invested and even back then when they invested some where still taking small cent from there investment. In life nothing is sure or certain and this is the reason why we should  be taking risk sometimes but not unnecessary risk because we have to be conscious while taking any risky.

People are responsible for their own actions, which includes whether or not they look further into bitcoin or they just ignore it... .. so we know that currently around 99% of the world population does not have any bitcoin, so many of them probably have heard about bitcoin, yet they still might not know what it is, yet they may have some responsibility to learn about bitcoin.

They have to suffer for their own consequences and/or their failure/refusal to investigate further into bitcoin or to take actions to get a stake in bitcoin.

Maybe there is no need to blame anyone, because they will get punished for their non-action and they will continue to get punished if they continue to fail/refuse to act.

The same is true for any members of this forum who are learning about bitcoin, yet they are either failing/refusing to buy bitcoin in an adequate/sufficient way, they might be failing with focusing on bitcoin, or they may be fucking around with trading bitcoin or getting themselves involved in shitcoins. 

They will ONLY have their own selves to blame, and they will likely get punished for taking such actions to fail/refuse to sufficiently/adequately stock up on bitcoin within their own means.

So yeah, maybe there is no need to blame anyone who fails/refuses to learn about bitcoin and stock up on bitcoin, since they will end up living with the consequences of their choices.

Your emergency funds should be at least 3-6 months of your income so that it can take care of whatever unforeseen circumstances that played out. Whenever, you tamper with your emergency funds to solve real emergency, it should be rifilled back when possible because it's the back bone of your bitcoin investment.

Three to six months is never a guarantee on investment because it might not be sustainable and still create a loophole on the persons investment. When you stack it three to six months of savings you have left the parts were you should have to ask the person in question how much they can save in a month or putting together the total money in six months that would be there because some might not even have $50 on that emergency for six months. in as much as we could say six months is presentable but those who cannot be sufficient on six months has infected the idea, so why not you make out money that can hold for six months instead of saving for six months.

I think six months is not short; six months is enough time to save. If you try, you can do a lot in these six months. Those who cannot do anything in these six months, even if given the same amount of time as a year, will still be unable to do anything. For this, I think that if they can do something in these six months, it will be the best. Earnings are different, but if you save for six months, you can move towards investment.

You would be retarded to save for 6 months prior to investing into bitcoin.

If you hear about bitcoin and you have discretionary income, then you should start investing into bitcoin right away, and without delay.

The size of your emergency funds will determine the level of problem or emergencies that it can solve. You can't have $500 in your emergency funds account and expect it to solve a problem of $1000. It is wise for an investor to continually add to their emergency funds account as they keep getting resources. It is simple logic, it doesn't have anything to do with believe or whatsoever.

Your emergency fund is proportional with total money you have. Assume you have only $1,000 totally, you can not assign an emergency fund with $1,000 or 10,000 but it is possible to have an emergency fund at $100,000 if your total wealth is several billions of dollar.

If you have plan to add up more money to your emergency fund, it's good and you also have to be clear that how much is acceptable for your emergency fund and when you reach that point, you can feel safe enough and reduce severe need of adding more money to that fund. It's good if you can add more money to it but after that safe point, it's not terrible if you won't add more money for it.

Living without money for emergency fund is bad for everyone especially people who are ready to spend money for luxurious things and don't mind to build up their emergency fund.

I think that the general idea of an emergency fund is to help to protect folks from needing to cash into their bitcoin, and sure even if someone was not invested into bitcoin, then they likely would have some kind of savings or investment to use in case of an emergency such as loss of income and/or increase in expenses.

The general idea for the emergency fund is the last line of defense prior to having to dip into our bitcoin investment, and so usually we would not even want to dip into our emergency fund, which generally the emergency fund should be at least 3 months of expenses, and if a person has more likelihood for loss of income or increase in expenses, then he may need to keep more emergency funds.. He can also keep reserve funds too that would be more flexible than emergency funds. 

Guys need to exercise discretion regarding how much back up funds to have, and then also the larger that their bitcoin investment grows, then they may well choose to have funds in places other than cash, so they still might have 3-ish months of cash for emergencies but they may also have other forms of investments that serve as back up funds too, but might have longer timelines to get access and/or might even have greater value fluctuations and/or potential to earn returns.

I wasn't specific enough - I'm buying the DIPS that are more pronounced throughout a certain movement period with additional funds/budgeting, besides the regular fixed-period onloading.

[Dunamisx]

I think that many of us acknowledge that the dynamics of investing into bitcoin can change with the passage of time

We can later have a change in decision over the investment strategy we take on bitcoin investment, because not every time using the same approach will always have to work for us, we may sometimes also try to improvise more to make use of the opportunity each time or season brings ahead of us for choosing bitcoin as our preferred investment, so we have to be completely dynamic from how we invest in other to avoid being stereotype on using a single approach over our investment for long.

Surely, once an emergency fund and back up funds are established, then they do not necessarily need to keep coming out of discretionary income, so many of us frequently mention that we end up in a better place to start to invest even more aggressively into bitcoin from our discretionary income once our various back up funds have been established.

Another thing that you have mentioned here which needs more highlights is about our backup fund, though lots had been said already concerning this, but we must also understand part of the reason why it is necessary for us to have it, so that it ma not affect our investment and cut us short and unaware in making our way out of any market fluctuations and losses that may accrue to lack of having an investment backup fund.

[Tonimez]

I think that many of us acknowledge that the dynamics of investing into bitcoin can change with the passage of time

We can later have a change in decision over the investment strategy we take on bitcoin investment, because not every time using the same approach will always have to work for us, we may sometimes also try to improvise more to make use of the opportunity each time or season brings ahead of us for choosing bitcoin as our preferred investment, so we have to be completely dynamic from how we invest in other to avoid being stereotype on using a single approach over our investment for long.

Surely, once an emergency fund and back up funds are established, then they do not necessarily need to keep coming out of discretionary income, so many of us frequently mention that we end up in a better place to start to invest even more aggressively into bitcoin from our discretionary income once our various back up funds have been established.

Another thing that you have mentioned here which needs more highlights is about our backup fund, though lots had been said already concerning this, but we must also understand part of the reason why it is necessary for us to have it, so that it ma not affect our investment and cut us short and unaware in making our way out of any market fluctuations and losses that may accrue to lack of having an investment backup fund.

At this point I think we should pause a little to emphasize on the comparison between the backup funds and emergency funds.
Emergency funds act as a financial buffer for unanticipated expenses, keeping you from dipping into regular savings or taking on debt. These funds are set aside strictly for emergencies, and they’re ideally kept in an easily accessible account separate from your day-to-day finances.
https://everfi.com/blog/financial-education/emergency-funds-how-to-build-backup-savings/

Backup funds generally refer to a financial strategy or reserve to cover expenses when your primary funds are insufficient or unavailable.
https://www.google.com/search?q=what+is+backup+funds&oq=what&gs_lcrp=EgZjaHJvbWUqBggBEEUYOzIGCAAQRRg5MgYIARBFGDsyBggCEEUYOzIGCAMQRRg7MgcIBBAAGI8CMgcIBRAAGI8CMgYIBhBFGD3SAQc4NDZqMGo0qAIOsAIB8QWr7Qb9mOQ4Mg&client=ms-android-xiaomi-terr1-rso2&sourceid=chrome-mobile&ie=UTF-8

So basically, emergency fund is an aspect of backup funds. This fund is to be made available before any investment if any of your investments (Bitcoin) would survive.

[JayJuanGee]

[edited out]

I wasn't specific enough - I'm buying the DIPS that are more pronounced throughout a certain movement period with additional funds/budgeting, besides the regular fixed-period onloading.

How has your practice been working for you in the past 2.5 years?  did you buy enough bitcoin over the past 2.5 years? or did you spend a lot of time waiting for dips that did not end up happening?

Maybe an example can be given?

Let's say for example, you had been wanting to be aggressive from the start, and maybe you had some other investments and perhaps around $12.5k in savings (and from other investments) that you could put into bitcoin, so maybe you decided to front load your bitcoin investment and over the month of December 2022, you invested $2,500 per week into bitcoin for 5 weeks... so maybe those initial purchases cost you close to $20k per bitcoin, since maybe you screwed some of the purchases. which would have resulted in the accumulation of right around 0.625 BTC.

Thereafter you invested $200 per week into bitcoin from January 1, 2023 until now, which means that you invested an additional $24.2k and you got nearly another 0.6 BTC.

So right now you would have had right around $36.7k invested and you would have around 1.225 BTC, which would be a good bitcoin stash and a good 2.5 year start to bitcoin, and yeah, of course, you would have had the advantage of starting out in a dip period, yet at the time you started, you would not have had felt confident about whether you were starting out in a sufficient dip or not...   

Even if you were not able to front load your investment into bitcoin and you merely bought $200 worth of bitcoin every week from January 1, 2023, you would still have had gotten about 0.6 BTC from a $24.2k investment, which also would not be a bad place to be.  Hopefully your waiting around strategy has been able to produce at least equal amounts, and surely many of us know that guys who persistently bought bitcoin over a couple of cycles, such as over 8 years, they have tended to do quite well with their persistent buying of bitcoin - even though history does not guarantee future results.

I think that many of us acknowledge that the dynamics of investing into bitcoin can change with the passage of time

We can later have a change in decision over the investment strategy we take on bitcoin investment, because not every time using the same approach will always have to work for us, we may sometimes also try to improvise more to make use of the opportunity each time or season brings ahead of us for choosing bitcoin as our preferred investment, so we have to be completely dynamic from how we invest in other to avoid being stereotype on using a single approach over our investment for long.

I doubt that what I was saying justifies diverting away from a strategy to try to persistently, consistently, regularly, ongoingly and perhaps aggressively buy bitcoin through some kind of a DCA like strategy, and if you want to fuck around trying to figure out dips, you are likely not going to improve upon such DCA strategy and you will likely under perform such DCAing strategy.. but yeah, of course, you can do whatever you like and read into history what you like in terms of what you believe are your best current and/or future actions.

Surely, once an emergency fund and back up funds are established, then they do not necessarily need to keep coming out of discretionary income, so many of us frequently mention that we end up in a better place to start to invest even more aggressively into bitcoin from our discretionary income once our various back up funds have been established.

Another thing that you have mentioned here which needs more highlights is about our backup fund, though lots had been said already concerning this, but we must also understand part of the reason why it is necessary for us to have it, so that it ma not affect our investment and cut us short and unaware in making our way out of any market fluctuations and losses that may accrue to lack of having an investment backup fund.

You have been registered on the forum for more than 3 years, and so if you have been building up your various back up funds (including emergency funds and reserve funds) then maybe you are finding that it might have taken you a while to build those up, yet once they are built up then each of us can consider the extent to which we might feel that deviating from strict DCA might be productive for us. 

Many times, I have suggested that a guy with just a regular income and no extra money coming in, then he will likely be better off to just focus on building his bitcoin investment through ongoing and regular DCA (and perhaps simultaneously building his back up funds).  Even a guy who has a fairly regular income, he might reasonably choose to hold back 10% to 25% of his authorized bitcoin buys for buying on dips.  It might make him feel better psychologically to have such a practice. 

Of course, any guy who receives bonus payments from time to time, he is going to be in a better position to decide the extent to which he might want to supplement his regular DCA buying with setting up buying on dips with those extra funds.  I am not going to suggest that either way is preferable, yet i would suggest that the trade off should be kept in mind in regards to advantages and disadvantages of buying on dips as compared to buying right away.  A guy who receives bonus payments from time to time, even 2-3 times per year, is also going to be in a better position to make sure that his various back up funds (including emergency funds and/or reserve funds) are in a good position too...

Guys will sometimes pursue extra income sources to add to their discretionary income, which may or may not be a good idea (or good use of funds), yet sometimes the spending of money on the gaining of employment skills or even the putting of capital in a business to leverage labor might be better longer term ways to use money, yet since each of these avenues will be dependent on a guy's circumstances, none of us can proclaim that one avenue is necessarily better than other avenues, even though surely if there are ways to increase discretionary income, then more bitcoin can be purchased, yet we also know that if it might take 4 years or longer to achieve the extra employment skills or to build up that extra income then there could be trade-offs in regards to those kinds of choices that are not always easy to calculate in advance.

[Salahmu]

Three to six months is never a guarantee on investment because it might not be sustainable and still create a loophole on the persons investment. When you stack it three to six months of savings you have left the parts were you should have to ask the person in question how much they can save in a month or putting together the total money in six months that would be there because some might not even have $50 on that emergency for six months. in as much as we could say six months is presentable but those who cannot be sufficient on six months has infected the idea, so why not you make out money that can hold for six months instead of saving for six months.

I think six months is not short; six months is enough time to save. If you try, you can do a lot in these six months. Those who cannot do anything in these six months, even if given the same amount of time as a year, will still be unable to do anything. For this, I think that if they can do something in these six months, it will be the best. Earnings are different, but if you save for six months, you can move towards investment.

Normally is a month we can have some saved up but everybody might not be the same as another who sees that six months is too long for them to have a good saved up, however this is not the money for Bitcoin consumption we are talking about, this is money that doesn't concern Bitcoin investment, so for somebody who have it difficult on the money for Bitcoin will definitely have to work extra before they can have small to keep, if not they might only get it if they skipped some investments week but that's not what I'm advising because I'm only making a point that will justify that not everybody arecapable as you.  

[Aanuoluwatofunmi]

So what?  Bitcoin is still quite an immature asset, and it ONLY has around 1% of the world's adoption.

I don't doubt about this because once we have got more wings and thicker skin to have more increasing adoption rate, then the so called governments may be left with no choice than to accept all we have chosen as our preferred digital asset and currency, but that being said, we need to also encourage others in knowing more about bitcoin, this will also be easier for them to have the conviction of adoption once they can see the evidence of being a productive one from how we handles our trading and investment being a profitable one, because we have results to show for it.

[JayJuanGee]

So what?  Bitcoin is still quite an immature asset, and it ONLY has around 1% of the world's adoption.

I don't doubt about this because once we have got more wings and thicker skin to have more increasing adoption rate, then the so called governments may be left with no choice than to accept all we have chosen as our preferred digital asset and currency, but that being said, we need to also encourage others in knowing more about bitcoin, this will also be easier for them to have the conviction of adoption once they can see the evidence of being a productive one from how we handles our trading and investment being a profitable one, because we have results to show for it.

We cannot really know the exact adoption numbers, yet many individuals are going to end up getting fucked because they are too slow to get themselves into bitcoin.

Right now we have some of the governments, institutions and rich individuals buying bitcoin and perhaps causing some folks to conclude that bitcoin adoption is higher than what it really is.

A lot of normies are going to be left at a disadvantage, and they will end up having to buy bitcoin at much higher prices, and even $250k is likely going to be a cheap BTC price in future years.  Guys who are starting to invest now, and perhaps even needing to take 1-2 cycles or more to build up their bitcoin stash may well be able to get their bitcoin with an average cost that is less than $250k, since it can take a long time to build up a bitcoin stash, and each person has to figure out how much bitcoin that he needs, which is also a moving target.... and I personally, consider that figuring out your standard of living and then building up your bitcoin so that the 200-WMA value is 10x your yearly targeted income rate, then you will likely be able to live off of your bitcoin at that rate in perpetuity.

[Tonimez]

[edited out]

I wasn't specific enough - I'm buying the DIPS that are more pronounced throughout a certain movement period with additional funds/budgeting, besides the regular fixed-period onloading.

How has your practice been working for you in the past 2.5 years?  did you buy enough bitcoin over the past 2.5 years? or did you spend a lot of time waiting for dips that did not end up happening?

Maybe an example can be given?

Let's say for example, you had been wanting to be aggressive from the start, and maybe you had some other investments and perhaps around $12.5k in savings (and from other investments) that you could put into bitcoin, so maybe you decided to front load your bitcoin investment and over the month of December 2022, you invested $2,500 per week into bitcoin for 5 weeks... so maybe those initial purchases cost you close to $20k per bitcoin, since maybe you screwed some of the purchases. which would have resulted in the accumulation of right around 0.625 BTC.

Thereafter you invested $200 per week into bitcoin from January 1, 2023 until now, which means that you invested an additional $24.2k and you got nearly another 0.6 BTC.

So right now you would have had right around $36.7k invested and you would have around 1.225 BTC, which would be a good bitcoin stash and a good 2.5 year start to bitcoin, and yeah, of course, you would have had the advantage of starting out in a dip period, yet at the time you started, you would not have had felt confident about whether you were starting out in a sufficient dip or not...   

Even if you were not able to front load your investment into bitcoin and you merely bought $200 worth of bitcoin every week from January 1, 2023, you would still have had gotten about 0.6 BTC from a $24.2k investment, which also would not be a bad place to be.  Hopefully your waiting around strategy has been able to produce at least equal amounts, and surely many of us know that guys who persistently bought bitcoin over a couple of cycles, such as over 8 years, they have tended to do quite well with their persistent buying of bitcoin - even though history does not guarantee future results.

I think that many of us acknowledge that the dynamics of investing into bitcoin can change with the passage of time

We can later have a change in decision over the investment strategy we take on bitcoin investment, because not every time using the same approach will always have to work for us, we may sometimes also try to improvise more to make use of the opportunity each time or season brings ahead of us for choosing bitcoin as our preferred investment, so we have to be completely dynamic from how we invest in other to avoid being stereotype on using a single approach over our investment for long.

I doubt that what I was saying justifies diverting away from a strategy to try to persistently, consistently, regularly, ongoingly and perhaps aggressively buy bitcoin through some kind of a DCA like strategy, and if you want to fuck around trying to figure out dips, you are likely not going to improve upon such DCA strategy and you will likely under perform such DCAing strategy.. but yeah, of course, you can do whatever you like and read into history what you like in terms of what you believe are your best current and/or future actions.

Surely, once an emergency fund and back up funds are established, then they do not necessarily need to keep coming out of discretionary income, so many of us frequently mention that we end up in a better place to start to invest even more aggressively into bitcoin from our discretionary income once our various back up funds have been established.

Another thing that you have mentioned here which needs more highlights is about our backup fund, though lots had been said already concerning this, but we must also understand part of the reason why it is necessary for us to have it, so that it ma not affect our investment and cut us short and unaware in making our way out of any market fluctuations and losses that may accrue to lack of having an investment backup fund.

You have been registered on the forum for more than 3 years, and so if you have been building up your various back up funds (including emergency funds and reserve funds) then maybe you are finding that it might have taken you a while to build those up, yet once they are built up then each of us can consider the extent to which we might feel that deviating from strict DCA might be productive for us. 

Many times, I have suggested that a guy with just a regular income and no extra money coming in, then he will likely be better off to just focus on building his bitcoin investment through ongoing and regular DCA (and perhaps simultaneously building his back up funds).  Even a guy who has a fairly regular income, he might reasonably choose to hold back 10% to 25% of his authorized bitcoin buys for buying on dips.  It might make him feel better psychologically to have such a practice. 

Of course, any guy who receives bonus payments from time to time, he is going to be in a better position to decide the extent to which he might want to supplement his regular DCA buying with setting up buying on dips with those extra funds.  I am not going to suggest that either way is preferable, yet i would suggest that the trade off should be kept in mind in regards to advantages and disadvantages of buying on dips as compared to buying right away.  A guy who receives bonus payments from time to time, even 2-3 times per year, is also going to be in a better position to make sure that his various back up funds (including emergency funds and/or reserve funds) are in a good position too...

Guys will sometimes pursue extra income sources to add to their discretionary income, which may or may not be a good idea (or good use of funds), yet sometimes the spending of money on the gaining of employment skills or even the putting of capital in a business to leverage labor might be better longer term ways to use money, yet since each of these avenues will be dependent on a guy's circumstances, none of us can proclaim that one avenue is necessarily better than other avenues, even though surely if there are ways to increase discretionary income, then more bitcoin can be purchased, yet we also know that if it might take 4 years or longer to achieve the extra employment skills or to build up that extra income then there could be trade-offs in regards to those kinds of choices that are not always easy to calculate in advance.

There's virtually little or no principle that is ideal or all encompassing. I'm not a proponent of sitting around while waiting for dips that could never come neither would I suggest quitting your investments due to rise in bitcoin price. In my individual view, a slow and steady approach by DCA, (this has nothing to do with bitcoin price). Investing by fiat currency amount order than bitcoin amount. That is to say, depending on your discretionary income, a set amount to be invested not minding the amount of bitcoin it could afford. This would allow anyone grow above reading charts and worrying over markets you may not decide.

[Wakate]

So what?  Bitcoin is still quite an immature asset, and it ONLY has around 1% of the world's adoption.

I don't doubt about this because once we have got more wings and thicker skin to have more increasing adoption rate, then the so called governments may be left with no choice than to accept all we have chosen as our preferred digital asset and currency, but that being said, we need to also encourage others in knowing more about bitcoin, this will also be easier for them to have the conviction of adoption once they can see the evidence of being a productive one from how we handles our trading and investment being a profitable one, because we have results to show for it.

We cannot really know the exact adoption numbers, yet many individuals are going to end up getting fucked because they are too slow to get themselves into bitcoin.

Right now we have some of the governments, institutions and rich individuals buying bitcoin and perhaps causing some folks to conclude that bitcoin adoption is higher than what it really is.

A lot of normies are going to be left at a disadvantage, and they will end up having to buy bitcoin at much higher prices, and even $250k is likely going to be a cheap BTC price in future years.  Guys who are starting to invest now, and perhaps even needing to take 1-2 cycles or more to build up their bitcoin stash may well be able to get their bitcoin with an average cost that is less than $250k, since it can take a long time to build up a bitcoin stash, and each person has to figure out how much bitcoin that he needs, which is also a moving target.... and I personally, consider that figuring out your standard of living and then building up your bitcoin so that the 200-WMA value is 10x your yearly targeted income rate, then you will likely be able to live off of your bitcoin at that rate in perpetuity.

I have noticed that many are still having the Herd Mentality that makes them not to get interested in something until they see other people doing such they they must have done when it was much easier. This is the same psychology many people are having that they don't get interested, investing in Bitcoin because they believed they need motivation and results of others before they can take a bold step to invest in Bitcoin.

Perhaps, we would not be surprised again seeing investors trying to buy Bitcoin when the price reaches 250k or more because of their misception about the crypto market. Many will always get to the market late due to many factors including fear and risk of investing.  The wise investors don't play with huge opportunity to make money in the crypto market even though they don't have adequate knowledge about how it works. They are always ready to learn and take responsibility of their own success by learning and investing for bigger opportunity to earn more even though it's going to take several years to hold.

[Rockstarguy]

~Snip

Emergency funds and reserve funds are needed for the smooth running of our investments, we have unexpected expenses in our lives so preparations about money distribution strategies must be considered as well as possible.
The need for money when you don't have a job is certainly a very sensitive matter, meaning if we don't have reserve funds of course we will make a mistake by selling our assets only for needs within 1 month before we get a new job.

I don't deny it, reserve fund must exist and be prepared. When an investor has reserve fund, basically they have prepared to control investment risks that could occur. Investments never promise return, but their price volatility due to supply and demand has so far provided returs. Without reserve fund, someone may have to borrow from other people if they need fund suddenly, but having reserve funds can save them from changing investment plans midway.

But are you sure each of us has reserve funds? I'm not sure everyone has them, but the average person would love to own them instead of just investing. It would be a mistake not to make a thorough plan when we start investing, especially if this is a long-term investment.

Having a reserve while investing in bitcoin is very good, but those who cannot meet this requirement due to low income should just focus on accumulating bitcoin. The most important thing is to be able to accumulate bitcoin, and if income increases while investing in bitcoin, you can make a plan to have a reserve fund. It is still possible to invest in bitcoin without having any reserve fund. Some investors are very interested in accumulating bitcoin with every little bit of money they have. Having a reserve fund is good, but it is not the most important aspect of an investment. What matters most is to start investing and accumulating bitcoin, and to make plans to increase your income; with this, one can be able to create a reserve.

[I_Anime]

~Snip

Emergency funds and reserve funds are needed for the smooth running of our investments, we have unexpected expenses in our lives so preparations about money distribution strategies must be considered as well as possible.
The need for money when you don't have a job is certainly a very sensitive matter, meaning if we don't have reserve funds of course we will make a mistake by selling our assets only for needs within 1 month before we get a new job.

I don't deny it, reserve fund must exist and be prepared. When an investor has reserve fund, basically they have prepared to control investment risks that could occur. Investments never promise return, but their price volatility due to supply and demand has so far provided returs. Without reserve fund, someone may have to borrow from other people if they need fund suddenly, but having reserve funds can save them from changing investment plans midway.

But are you sure each of us has reserve funds? I'm not sure everyone has them, but the average person would love to own them instead of just investing. It would be a mistake not to make a thorough plan when we start investing, especially if this is a long-term investment.

Having a reserve while investing in bitcoin is very good, but those who cannot meet this requirement due to low income should just focus on accumulating bitcoin. The most important thing is to be able to accumulate bitcoin, and if income increases while investing in bitcoin, you can make a plan to have a reserve fund. It is still possible to invest in bitcoin without having any reserve fund. Some investors are very interested in accumulating bitcoin with every little bit of money they have. Having a reserve fund is good, but it is not the most important aspect of an investment. What matters most is to start investing and accumulating bitcoin, and to make plans to increase your income; with this, one can be able to create a reserve.

If you don’t have enough funds for a reserve, is better to focus on accumulating bitcoin while having some emergency funds , because is very vital to have an emergency funds when it comes to investing , so that you will have some other resources to handle some expenses.

If you know you don’t have much income the best thing to do is try to reduce expenditure, so that you be able to have some discretionary income because all it requires most time is good planning if you can plan properly you may end up ruining your bitcoin investment too early,

[JayJuanGee]

~Snip

Emergency funds and reserve funds are needed for the smooth running of our investments, we have unexpected expenses in our lives so preparations about money distribution strategies must be considered as well as possible.
The need for money when you don't have a job is certainly a very sensitive matter, meaning if we don't have reserve funds of course we will make a mistake by selling our assets only for needs within 1 month before we get a new job.

I don't deny it, reserve fund must exist and be prepared. When an investor has reserve fund, basically they have prepared to control investment risks that could occur. Investments never promise return, but their price volatility due to supply and demand has so far provided returs. Without reserve fund, someone may have to borrow from other people if they need fund suddenly, but having reserve funds can save them from changing investment plans midway.

But are you sure each of us has reserve funds? I'm not sure everyone has them, but the average person would love to own them instead of just investing. It would be a mistake not to make a thorough plan when we start investing, especially if this is a long-term investment.

Having a reserve while investing in bitcoin is very good, but those who cannot meet this requirement due to low income should just focus on accumulating bitcoin. The most important thing is to be able to accumulate bitcoin, and if income increases while investing in bitcoin, you can make a plan to have a reserve fund. It is still possible to invest in bitcoin without having any reserve fund. Some investors are very interested in accumulating bitcoin with every little bit of money they have. Having a reserve fund is good, but it is not the most important aspect of an investment. What matters most is to start investing and accumulating bitcoin, and to make plans to increase your income; with this, one can be able to create a reserve.

If you don’t have enough funds for a reserve, is better to focus on accumulating bitcoin while having some emergency funds , because is very vital to have an emergency funds when it comes to investing , so that you will have some other resources to handle some expenses.

If you know you don’t have much income the best thing to do is try to reduce expenditure, so that you be able to have some discretionary income because all it requires most time is good planning if you can plan properly you may end up ruining your bitcoin investment too early,

Sure there might be ways that guys can increase their discretionary income by increasing income and/or decreasing expenses, yet sometimes people are not able to accomplish that and they do not have very much discretionary income, which makes it more difficult to build a bitcoin investment, and surely having a bitcoin investment seems to justify the creation and maintenance of a reserve fund.. that fits into the category of emergency fund that may well need to grow at least at the same pace as the bitcoin investment. .and then once the bitcoin investment and the reserve funds are at 3 months, then from then the bitcoin may well be able to grow faster at the discretion of the investor... and yeah, surely folks are desperate to get into an investment like bitcoin, but their investment into bitcoin might be difficult to sustain if they do not have at least some level of emergency fund and to try to figure out ways to increase their discretionary income, if possible...

[bitzizzix]

~Snip

Emergency funds and reserve funds are needed for the smooth running of our investments, we have unexpected expenses in our lives so preparations about money distribution strategies must be considered as well as possible.
The need for money when you don't have a job is certainly a very sensitive matter, meaning if we don't have reserve funds of course we will make a mistake by selling our assets only for needs within 1 month before we get a new job.

I don't deny it, reserve fund must exist and be prepared. When an investor has reserve fund, basically they have prepared to control investment risks that could occur. Investments never promise return, but their price volatility due to supply and demand has so far provided returs. Without reserve fund, someone may have to borrow from other people if they need fund suddenly, but having reserve funds can save them from changing investment plans midway.

But are you sure each of us has reserve funds? I'm not sure everyone has them, but the average person would love to own them instead of just investing. It would be a mistake not to make a thorough plan when we start investing, especially if this is a long-term investment.

Having a reserve while investing in bitcoin is very good, but those who cannot meet this requirement due to low income should just focus on accumulating bitcoin. The most important thing is to be able to accumulate bitcoin, and if income increases while investing in bitcoin, you can make a plan to have a reserve fund. It is still possible to invest in bitcoin without having any reserve fund. Some investors are very interested in accumulating bitcoin with every little bit of money they have. Having a reserve fund is good, but it is not the most important aspect of an investment. What matters most is to start investing and accumulating bitcoin, and to make plans to increase your income; with this, one can be able to create a reserve.

If you don’t have enough funds for a reserve, is better to focus on accumulating bitcoin while having some emergency funds , because is very vital to have an emergency funds when it comes to investing , so that you will have some other resources to handle some expenses.

If you know you don’t have much income the best thing to do is try to reduce expenditure, so that you be able to have some discretionary income because all it requires most time is good planning if you can plan properly you may end up ruining your bitcoin investment too early,

Sure there might be ways that guys can increase their discretionary income by increasing income and/or decreasing expenses, yet sometimes people are not able to accomplish that and they do not have very much discretionary income, which makes it more difficult to build a bitcoin investment, and surely having a bitcoin investment seems to justify the creation and maintenance of a reserve fund.. that fits into the category of emergency fund that may well need to grow at least at the same pace as the bitcoin investment. .and then once the bitcoin investment and the reserve funds are at 3 months, then from then the bitcoin may well be able to grow faster at the discretion of the investor... and yeah, surely folks are desperate to get into an investment like bitcoin, but their investment into bitcoin might be difficult to sustain if they do not have at least some level of emergency fund and to try to figure out ways to increase their discretionary income, if possible...

Of course there are many ways to increase discretionary income and it all depends on your efforts and hard work and the most important thing is your motivation towards Bitcoin and if there is motivation you will try to increase your discretionary income, do not rely too much on one source of income if you want to increase it because there are still many other ways to increase it because in today's era someone must be smart to be able to create all of that for the sake of smooth investment and also emergency funds so that both run well and increase together which will make you happy in the future. And my advice is never to use your emergency fund or reserve fund just to follow your ambitions most people use it for aggressive purchases because it is very risky when you really need money, and increasing income in any way according to your ability is a smart way because your discretionary income will also increase which allows your wishes to come true.

[JayJuanGee]

~Snip

Emergency funds and reserve funds are needed for the smooth running of our investments, we have unexpected expenses in our lives so preparations about money distribution strategies must be considered as well as possible.
The need for money when you don't have a job is certainly a very sensitive matter, meaning if we don't have reserve funds of course we will make a mistake by selling our assets only for needs within 1 month before we get a new job.

I don't deny it, reserve fund must exist and be prepared. When an investor has reserve fund, basically they have prepared to control investment risks that could occur. Investments never promise return, but their price volatility due to supply and demand has so far provided returs. Without reserve fund, someone may have to borrow from other people if they need fund suddenly, but having reserve funds can save them from changing investment plans midway.

But are you sure each of us has reserve funds? I'm not sure everyone has them, but the average person would love to own them instead of just investing. It would be a mistake not to make a thorough plan when we start investing, especially if this is a long-term investment.

Having a reserve while investing in bitcoin is very good, but those who cannot meet this requirement due to low income should just focus on accumulating bitcoin. The most important thing is to be able to accumulate bitcoin, and if income increases while investing in bitcoin, you can make a plan to have a reserve fund. It is still possible to invest in bitcoin without having any reserve fund. Some investors are very interested in accumulating bitcoin with every little bit of money they have. Having a reserve fund is good, but it is not the most important aspect of an investment. What matters most is to start investing and accumulating bitcoin, and to make plans to increase your income; with this, one can be able to create a reserve.

If you don’t have enough funds for a reserve, is better to focus on accumulating bitcoin while having some emergency funds , because is very vital to have an emergency funds when it comes to investing , so that you will have some other resources to handle some expenses.

If you know you don’t have much income the best thing to do is try to reduce expenditure, so that you be able to have some discretionary income because all it requires most time is good planning if you can plan properly you may end up ruining your bitcoin investment too early,

Sure there might be ways that guys can increase their discretionary income by increasing income and/or decreasing expenses, yet sometimes people are not able to accomplish that and they do not have very much discretionary income, which makes it more difficult to build a bitcoin investment, and surely having a bitcoin investment seems to justify the creation and maintenance of a reserve fund.. that fits into the category of emergency fund that may well need to grow at least at the same pace as the bitcoin investment. .and then once the bitcoin investment and the reserve funds are at 3 months, then from then the bitcoin may well be able to grow faster at the discretion of the investor... and yeah, surely folks are desperate to get into an investment like bitcoin, but their investment into bitcoin might be difficult to sustain if they do not have at least some level of emergency fund and to try to figure out ways to increase their discretionary income, if possible...

Of course there are many ways to increase discretionary income and it all depends on your efforts and hard work and the most important thing is your motivation towards Bitcoin

There are many ways to attempt to increase discretionary income, yet I would not presume to know the details of other people, since sometimes people might be in a trap in terms of their own skills and abilities and even their age or their health situation or even their past mistakes...or their geography... Sometimes there will not be many opportunities, and maybe a person might already having certain job and/or family circumstances that also might restrict his abilities to increase discretionary income...

and if there is motivation you will try to increase your discretionary income,

Sure motivation helps.. but people are in various circumstances, so they might have even created some bad circumstances for themselves from their past behaviors, so it is not automatic that improving their motivation would be sufficient to result in improved circusmtances.

do not rely too much on one source of income if you want to increase it because there are still many other ways to increase it because in today's era someone must be smart to be able to create all of that for the sake of smooth investment and also emergency funds so that both run well and increase together which will make you happy in the future.

There are ONLY 24 hours in a day, too.

And my advice is never to use your emergency fund or reserve fund just to follow your ambitions most people use it for aggressive purchases because it is very risky when you really need money, and increasing income in any way according to your ability is a smart way because your discretionary income will also increase which allows your wishes to come true.

There are also people who have put themselves into very bad financial circumstances including having had incurred a lot of debt, so sometimes it can be quite difficult to dig themselves out of such hole, even if they start to improve on their cashflow management practices (and perhaps improving their attitude too, like you mentioned).

[ginsan]

There are many ways to attempt to increase discretionary income, yet I would not presume to know the details of other people, since sometimes people might be in a trap in terms of their own skills and abilities and even their age or their health situation or even their past mistakes...or their geography... Sometimes there will not be many opportunities, and maybe a person might already having certain job and/or family circumstances that also might restrict his abilities to increase discretionary income...

Yes sir, Independence in investing is certainly foreign to beginners.
The independence I mean is certainly looking for discretionary income apart from their main job. However, the only thing that makes them fail to implement it is their limited skills, but that is not an obstacle because if they try there is a way to get additional income.

What caught my attention more was the way some investors relatively chose to borrow money from the bank to invest. I think borrowing money from a bank with collateral certainly has a risk if one day we are unable to pay it off, it will ruin our entire investment journey.

That's why I don't like to force myself to achieve targets that may be earlier in the investment journey that I have planned. I am more focused on allocating 10% of my income and additional salary bonuses if I get them. Focusing slowly may be better for me because we are more focused without being pressured by any situation.

[Wind_FURY]

[edited out]

Actually if we zoom out the S&P 500 Index, Gold, and Bitcoin to the maximum, they're all going up simply because of the continuous expansion of the total money supply. Bitcoin simply is more volatile, and obviously is getting market value from legacy markets. But the correlation is not "bullshit", nor is it "delusional".

 ¯\_(ツ)_/¯

That sounds like another so what? 

--Snip--

[edited out]

I'm simply making a claim that Bitcoin is VERY undervalued as a Store Of Value competitor against Gold.

I thought that you were making a different point (including trying to suggest that there might be some value in terms of holding gold), yet I don't feel any need to argue over posts that we have already made.

OK, then what was your point again?

  ¯\_(ツ)_/¯

Because this was the post that started your debate, which from your replies/posts, they are sort of pointless,

Buy the DIP, and HODL

The futures market for the S&P 500 is down by 1.30%, which is a big drawdown for an index, but Bitcoin is currently up by about 2.60%. 

 👀

Does that actually mean that the decoupling is happening? That would indeed be the best aftermath of "Trump's Tariffs". That they cause capital flight from equities to hard assets like Gold and Bitcoin. Gold has been looking "parabolic", considering, for its market size.

But that's OK, merely looking at the Gold, Tech Stocks and Bitcoin markets as a pleb, Bitcoin looks as if its correlation towards Gold is closer than that against Tech Stocks, which Tech Stocks, Bitcoin was closer with before "Trump's Tariffs".

We're probably seeing more and more asset managers from legacy finance changing their opinions about Bitcoin from "rat poison squared" to an actual safe haven, no?

[Jostern]

~Snip

Emergency funds and reserve funds are needed for the smooth running of our investments, we have unexpected expenses in our lives so preparations about money distribution strategies must be considered as well as possible.
The need for money when you don't have a job is certainly a very sensitive matter, meaning if we don't have reserve funds of course we will make a mistake by selling our assets only for needs within 1 month before we get a new job.

I don't deny it, reserve fund must exist and be prepared. When an investor has reserve fund, basically they have prepared to control investment risks that could occur. Investments never promise return, but their price volatility due to supply and demand has so far provided returs. Without reserve fund, someone may have to borrow from other people if they need fund suddenly, but having reserve funds can save them from changing investment plans midway.

But are you sure each of us has reserve funds? I'm not sure everyone has them, but the average person would love to own them instead of just investing. It would be a mistake not to make a thorough plan when we start investing, especially if this is a long-term investment.

Having a reserve while investing in bitcoin is very good, but those who cannot meet this requirement due to low income should just focus on accumulating bitcoin. The most important thing is to be able to accumulate bitcoin, and if income increases while investing in bitcoin, you can make a plan to have a reserve fund. It is still possible to invest in bitcoin without having any reserve fund. Some investors are very interested in accumulating bitcoin with every little bit of money they have. Having a reserve fund is good, but it is not the most important aspect of an investment. What matters most is to start investing and accumulating bitcoin, and to make plans to increase your income; with this, one can be able to create a reserve.

If you don’t have enough funds for a reserve, is better to focus on accumulating bitcoin while having some emergency funds , because is very vital to have an emergency funds when it comes to investing , so that you will have some other resources to handle some expenses.

If you know you don’t have much income the best thing to do is try to reduce expenditure, so that you be able to have some discretionary income because all it requires most time is good planning if you can plan properly you may end up ruining your bitcoin investment too early,

Sure there might be ways that guys can increase their discretionary income by increasing income and/or decreasing expenses, yet sometimes people are not able to accomplish that and they do not have very much discretionary income, which makes it more difficult to build a bitcoin investment, and surely having a bitcoin investment seems to justify the creation and maintenance of a reserve fund.. that fits into the category of emergency fund that may well need to grow at least at the same pace as the bitcoin investment. .and then once the bitcoin investment and the reserve funds are at 3 months, then from then the bitcoin may well be able to grow faster at the discretion of the investor... and yeah, surely folks are desperate to get into an investment like bitcoin, but their investment into bitcoin might be difficult to sustain if they do not have at least some level of emergency fund and to try to figure out ways to increase their discretionary income, if possible...

Of course there are many ways to increase discretionary income and it all depends on your efforts and hard work and the most important thing is your motivation towards Bitcoin and if there is motivation you will try to increase your discretionary income, do not rely too much on one source of income if you want to increase it because there are still many other ways to increase it because in today's era someone must be smart to be able to create all of that for the sake of smooth investment and also emergency funds so that both run well and increase together which will make you happy in the future. And my advice is never to use your emergency fund or reserve fund just to follow your ambitions most people use it for aggressive purchases because it is very risky when you really need money, and increasing income in any way according to your ability is a smart way because your discretionary income will also increase which allows your wishes to come true.

  There are quite a few steps to help and increase discretionary income or trying to increase income as well by pursuing major investments income, reducing expenses or turning to applying budgeting can help to increase discretionary income, we can also trying to negotiate our bill and getting extra job can also help but it all depends on our ability to manage and extra work time, we can also apply automating savings , having a discretionary income will help us to be consistent in accumulating our bitcoin as well, then we can as well grow our emergency funds while accumulating our bitcoin reserves which will help us to maintain our pace and target of accumulating.

[lizarder]

If you don’t have enough funds for a reserve, is better to focus on accumulating bitcoin while having some emergency funds , because is very vital to have an emergency funds when it comes to investing , so that you will have some other resources to handle some expenses.

If you know you don’t have much income the best thing to do is try to reduce expenditure, so that you be able to have some discretionary income because all it requires most time is good planning if you can plan properly you may end up ruining your bitcoin investment too early,

Investment strategies can be done in many ways and we can focus on implementing them according to our financial capabilities. When the financial resources we have are small, we can use the DCA step to accumulate so that the assets we have can slowly increase. If you want to grow faster, set aside a little money to handle purchases when bitcoin is corrected so that in that condition we can take an approach to much larger purchases.

The method can be applied in various ways as long as people are sure of the decisions they choose because there are still many rich people out there who may not know the strategy. Meanwhile, people who are already familiar with Bitcoin investment are already thinking about the best way to continue collecting Bitcoin as a step to grow their finances to become more developed.

[MainIbem]

If you don’t have enough funds for a reserve, is better to focus on accumulating bitcoin while having some emergency funds , because is very vital to have an emergency funds when it comes to investing , so that you will have some other resources to handle some expenses.

If you know you don’t have much income the best thing to do is try to reduce expenditure, so that you be able to have some discretionary income because all it requires most time is good planning if you can plan properly you may end up ruining your bitcoin investment too early,

Investment strategies can be done in many ways and we can focus on implementing them according to our financial capabilities. When the financial resources we have are small, we can use the DCA step to accumulate so that the assets we have can slowly increase. If you want to grow faster, set aside a little money to handle purchases when bitcoin is corrected so that in that condition we can take an approach to much larger purchases.

The method can be applied in various ways as long as people are sure of the decisions they choose because there are still many rich people out there who may not know the strategy. Meanwhile, people who are already familiar with Bitcoin investment are already thinking about the best way to continue collecting Bitcoin as a step to grow their finances to become more developed.

It marvels me when people gives silly excuses to why they've not started investing on Bitcoin, excuses like the price of Bitcoin, if it would still survive in years to come and the most silly of them all is their financial strength, what they don't understand is that Bitcoin wasn't specifically meant for a certain class of people, those who missed the opportunity of investing when it was very cheap would feel the price is above their income but it's for all class both rich and poor that's why their are whales and shrimps and regardless of whatever class one find themselves you'll have to invest according to your financial strength with the help of the DCA to accumulate continuesly as time goes, the only excuse of not owing Bitcoin that's understandable is when one is jobless cause at that point they don't have a steady flow of income to keep accumulating continuesly and it's not even advisable for them to take loans to invest in Bitcoin.

[Spaceman1000$]

~Snip

Emergency funds and reserve funds are needed for the smooth running of our investments, we have unexpected expenses in our lives so preparations about money distribution strategies must be considered as well as possible.
The need for money when you don't have a job is certainly a very sensitive matter, meaning if we don't have reserve funds of course we will make a mistake by selling our assets only for needs within 1 month before we get a new job.

I don't deny it, reserve fund must exist and be prepared. When an investor has reserve fund, basically they have prepared to control investment risks that could occur. Investments never promise return, but their price volatility due to supply and demand has so far provided returs. Without reserve fund, someone may have to borrow from other people if they need fund suddenly, but having reserve funds can save them from changing investment plans midway.

But are you sure each of us has reserve funds? I'm not sure everyone has them, but the average person would love to own them instead of just investing. It would be a mistake not to make a thorough plan when we start investing, especially if this is a long-term investment.

Having a reserve while investing in bitcoin is very good, but those who cannot meet this requirement due to low income should just focus on accumulating bitcoin. The most important thing is to be able to accumulate bitcoin, and if income increases while investing in bitcoin, you can make a plan to have a reserve fund. It is still possible to invest in bitcoin without having any reserve fund. Some investors are very interested in accumulating bitcoin with every little bit of money they have. Having a reserve fund is good, but it is not the most important aspect of an investment. What matters most is to start investing and accumulating bitcoin, and to make plans to increase your income; with this, one can be able to create a reserve.

Personally I feel having a reserve funds no matter how little it is, is good before starting your Bitcoin accumulation,  human beings are very quick to tamper with their investment whenever they are faced with challenges if they don't have a reserve somewhere to fall back on because in their mind, they will deep hands into their investment with the mindset of replacing it and it doesn't end well in most cases. so having to start a reserve funds when you've gotten an increase in your income is good but in most cases, having an increase in your income doesn't come easy, for some persons they've been on a particular paycheck for a long time, so for me I still want to create a reserve funds from the beginning so whenever there is an increase in income you can as well increase your reserve funds and your investment too.