Buy the DIP, and HODL!

[laijsica]

~~~

yes btc is indeed amazing because btc always makes new ath and currently btc has been in the price range of $ 111k and this is truly an extraordinary achievement achieved by bitcoin and of course there is great potential we will see btc continue to rise and of course I am sure btc will rise to $ 120k later and can even be more than $ 120k.

Bitcoin sharp surge to its highest level in recent months was driven by positive market sentiment due to large purchases by MicroStrategy and Japanese investment firm Metaplanet. The buying action carried out by these two companies became the main catalyst that pushed the price of Bitcoin soaring to touch the level of $111,451.

This extraordinary achievement was also triggered by increasing market concerns about inflation, investors are increasingly turning to Bitcoin as a hedge, especially amid negative signals from global monetary policy. Technically, Bitcoin has broken through several important resistance levels, if this trend continues the possibility of forming a Bullish pattern will be stronger, this condition can encourage higher buying interest. IMO

Another catalyst for Bitcoin price rise is the easing of the tariff tensions that have been brewing over the past few weeks, which has led to a more stable trade environment. Bitcoin ETFs have seen significant inflows in recent months, with Bloomberg reporting that the iShares Bitcoin Trust (IBIT) has seen an estimated $6.5 billion in inflows last month. The ETFs inflows have been steadily increasing, helping it move up five spots in the rankings.
Source: https://www.investopedia.com/why-bitcoin-surged-to-an-all-time-high-on-wednesday-11739326

More important than the speculative nature of Bitcoin rise is the accumulation at the individual level. The tendency for people to gradually increase their interest in accumulating and holding Bitcoin has led to its price rising.

[JayJuanGee]

...

...

Having emergency funds is a good idea, but I don't think it's necessary to have it before investing. I think we can plan for that while investing. Having multiple sources of income is something I think is crucial for new investors because it will help them reach their financial goals and allow them to save for emergencies from their income.

In reality, through the journey of life, emergencies do not always happen to everyone so it doesn't have to be something that we have to worry about. Because besides being able to prepare when we have made investments with long-term goals through Bitcoin, emergency funds also don't have to be hoarded continuously because not everyone experiences emergencies every day. So just carry out the desire to invest in Bitcoin so that we don't feel regretful when we see the price of Bitcoin which has returned to making a new ATH ($111K+) this month by increasing sharply in a matter of days. And be sure that today there are some people who regret selling Bitcoin too quickly and also because they didn't want to buy Bitcoin when Bitcoin was still stagnant at $100K.

You are right, emergency doesn't happen or occur everyday but you should understand that emergency is not just a financial problem but rather emergency can be anything provided one is not expecting that particular situation at that moment. Moreover, emergency happens to everyone whether in Bitcoin investment or outside Bitcoin and it is very necessary to save up or prepare in case of any emergency so saying that emergency is not something we have to worry about, it is very wrong because emergency is something we should always keep in mind in whatever thing we are doing and it will also help one to be conscious.

Some people create emergencies by employing weak cashflow management practices, and they end up getting themselves into emergency situations through their own sloppiness and their failing/refusing to sufficiently prepare themselves.

[Barikui1]

...

...

Having emergency funds is a good idea, but I don't think it's necessary to have it before investing. I think we can plan for that while investing. Having multiple sources of income is something I think is crucial for new investors because it will help them reach their financial goals and allow them to save for emergencies from their income.

In reality, through the journey of life, emergencies do not always happen to everyone so it doesn't have to be something that we have to worry about. Because besides being able to prepare when we have made investments with long-term goals through Bitcoin, emergency funds also don't have to be hoarded continuously because not everyone experiences emergencies every day. So just carry out the desire to invest in Bitcoin so that we don't feel regretful when we see the price of Bitcoin which has returned to making a new ATH ($111K+) this month by increasing sharply in a matter of days. And be sure that today there are some people who regret selling Bitcoin too quickly and also because they didn't want to buy Bitcoin when Bitcoin was still stagnant at $100K.

You are right, emergency doesn't happen or occur everyday but you should understand that emergency is not just a financial problem but rather emergency can be anything provided one is not expecting that particular situation at that moment. Moreover, emergency happens to everyone whether in Bitcoin investment or outside Bitcoin and it is very necessary to save up or prepare in case of any emergency so saying that emergency is not something we have to worry about, it is very wrong because emergency is something we should always keep in mind in whatever thing we are doing and it will also help one to be conscious.

Some people create emergencies by employing weak cashflow management practices, and they end up getting themselves into emergency situations through their own sloppiness and their failing/refusing to sufficiently prepare themselves.

You are actually right about this sir, most people are just too terrible in controlling money, you will see someone going for wants over needs, and when they have finished wasting the money on things they bearly needs, they will start lamenting that if they had known, they would have utilized the money wasted on this or that pressing needs, so not just in Bitcoin investment, in our daily lives also, once you fail to control your finance properly, at some point, you may run into trouble, which might affect your finance and your Bitcoin investment negatively, so a very good money management skills is greatly needed in other to be able to be successful in your holdings.

[Donneski]

~~~

yes btc is indeed amazing because btc always makes new ath and currently btc has been in the price range of $ 111k and this is truly an extraordinary achievement achieved by bitcoin and of course there is great potential we will see btc continue to rise and of course I am sure btc will rise to $ 120k later and can even be more than $ 120k.

Bitcoin sharp surge to its highest level in recent months was driven by positive market sentiment due to large purchases by MicroStrategy and Japanese investment firm Metaplanet. The buying action carried out by these two companies became the main catalyst that pushed the price of Bitcoin soaring to touch the level of $111,451.

This extraordinary achievement was also triggered by increasing market concerns about inflation, investors are increasingly turning to Bitcoin as a hedge, especially amid negative signals from global monetary policy. Technically, Bitcoin has broken through several important resistance levels, if this trend continues the possibility of forming a Bullish pattern will be stronger, this condition can encourage higher buying interest. IMO

Of course this current trend is expected to continue for too long and that's because Bitcoin is now regarded as future of global finance hence the widespread adoption and investment by different governmental and institutional bodies. I'm not surprised that Bitcoin is currently surging high especially after the US government decided to hugely invest in it through the Strategic Reserve policy. For a government that controls the largest economy in the world to openly declare interest in a digital asset, I don't see any reason why we anyone should doubt the future of such coin.

Now that the Bitcoin market is experiencing a high uptrend movement, you should expect more investors to troop in crypto space which will also result to a higher demand of Bitcoin thereby increasing the surge even further. Different governmental bodies are now adopting policies that are Bitcoin and crypto friendly in their bid to allow citizens to participate in this global financial system that's dominating the world. The buying interest of Bitcoin is on the high side already and I don't even think it's slowing down anytime soon.

Interesting times for all Bitcoiners are here.

[Futurexxx]

~~~

yes btc is indeed amazing because btc always makes new ath and currently btc has been in the price range of $ 111k and this is truly an extraordinary achievement achieved by bitcoin and of course there is great potential we will see btc continue to rise and of course I am sure btc will rise to $ 120k later and can even be more than $ 120k.

Bitcoin sharp surge to its highest level in recent months was driven by positive market sentiment due to large purchases by MicroStrategy and Japanese investment firm Metaplanet. The buying action carried out by these two companies became the main catalyst that pushed the price of Bitcoin soaring to touch the level of $111,451.

This extraordinary achievement was also triggered by increasing market concerns about inflation, investors are increasingly turning to Bitcoin as a hedge, especially amid negative signals from global monetary policy. Technically, Bitcoin has broken through several important resistance levels, if this trend continues the possibility of forming a Bullish pattern will be stronger, this condition can encourage higher buying interest. IMO

Of course this current trend is expected to continue for too long and that's because Bitcoin is now regarded as future of global finance hence the widespread adoption and investment by different governmental and institutional bodies. I'm not surprised that Bitcoin is currently surging high especially after the US government decided to hugely invest in it through the Strategic Reserve policy. For a government that controls the largest economy in the world to openly declare interest in a digital asset, I don't see any reason why we anyone should doubt the future of such coin.

Now that the Bitcoin market is experiencing a high uptrend movement, you should expect more investors to troop in crypto space which will also result to a higher demand of Bitcoin thereby increasing the surge even further. Different governmental bodies are now adopting policies that are Bitcoin and crypto friendly in their bid to allow citizens to participate in this global financial system that's dominating the world. The buying interest of Bitcoin is on the high side already and I don't even think it's slowing down anytime soon.

Interesting times for all Bitcoiners are here.

I think that I have said this before that it's just a matter of time before Bitcoin rise to a million dollar or more because due to it huge potential, and the incoming Investors on a daily basis, Bitcoin will keeps on surging to a higher level, that's why we that are still among the early Investors really need to seize this golden opportunity and accumulate as much as possible , because time will come when $100k will not give you any significant fraction of Bitcoin, so now is the best time to buy Bitcoin, not tomorrow or next, do it now and hodl.

[Nightwatchmare]

It's important to invest in Bitcoin because if your financial condition after 10 or 15 years is not good despite all the hard work you do in job then it's you who will suffer. This is also a reality that due to high inflation and low pays people are not left with anything to invest in bitcoin. In that case a person must look for alternate ways on how he can earn and invest in Bitcoin. One way is to create an account here and upgrade it to higher ranks and earn through services like escrow services, lending coins and more. There is no excuse for not investing in Bitcoin.  

It is not right to advise or force someone to invest. This can harm you. For example, if you advise someone to invest, if the Bitcoin market falls a few days later and his holdings are losing some money, he may panic and sell his holdings. He will blame you completely for his losses. If someone is willing to invest, then if he comes to you and asks for some advice, then you can present to him the basic knowledge about Bitcoin and the Bitcoin network system. And you can tell him that you can do more research and decide.

Those who have low salaries can continue to buy using the DCA method if they want. You can continue to buy on a weekly or monthly basis

Buying Bitcoin and hold for a longer term will certainly give a good profit ,that is why is alway advisable to invest for long timeline , so when hard works and job fails your investment will help you out.

Surely I agree with you that investment is good for a long time horizon to make profit there after, but I don't agree with you in the statement you've made, that when hard work fails, your investment will bail you out. I want you to understand that the reason why you invest in Bitcoin is not to bail you out when any problem arises. Surely it could be that your investment is to solve your problem in the nearest future, but there could be varieties of problem in different magnitude. That is why we have emergency funds, this emergency fund we keep separately will help you to sort or bail yourself out from some emergency problem or some unforseen circumstances that will have lead to using up your Bitcoin investment. there could be reason for Bitcoin investment and it could be for retirement purpose, solving health issues or gifting to the next generation. This could be your major priority for investing into Bitcoin for the long term, and doesn't need any change of focus or distraction. Hence Anything that leed to selling your Bitcoin to bail you out is a distraction, you will Totally avoid any distraction. And this could be done by making sure you always set aside emergency fund each time you invest into Bitcoin or you could be keeping your emergency fund seprate every month as it pleases you sothat when crucial circumstances occours you will be able to bail yourself out from your emergency fund.

To some extent I believe you do not understand me or probably I didn’t arrange my sentence clear or you don’t get my point .

Just as you have said , their could be a reason for investment and it could be retirement purpose ,solving health issues and gifting next generation,for instance a 30years old investor , who has invested for 10 to 15years into Bitcoin , then has an issue in his late 40s  or stop working because of one or two reason, sometimes things doesn’t go as per plan , it could be sack due to conspiracy in the office,  and it’s not yet time for retirement and you are still healthy , I believe with such your investment could still help out ,so when job fails ,your long term investment could still stand you ,  that is why it’s good to start investment earlier and with a long timeline.

emergency fund it’s only for emergency if need arises one can just deep hands into your emergency fund and sort it out .

well i think you are not still getting my point correctly. lets hypothetically presume that a person invested into bitcoin for retirement purpose starting from age 30, having the mindset of accumulating 2 to 3 btc or less  in the next 25 years [55 years retirement], then it somehow happens that at age 40 such person was out of job, but that doesn't mean that such person will immediately have to sell his bitcoin to survive while he hasn't yet met his target which he still have 15years ahead. in this case this is when your discretion income will have to play it role to sustain you till you get another job. if discretion has been spent while you have not yet gotten a job then your emergency fund will be your second hope. if emergency and discretion or backup funds has all been used and there is no other hope then selling some portion of your bitcoin investment will be your last alternative. so all i am saying in anticipation is that when you are out of job, selling your bitcoin to bail yourself out should not be your first priority except you run out of emergency and reserve fund before you can think of selling some portion of your bitcoin and not all.

this whole concept is all about developing the habit or attitude to make provision of emergency and reserve fund in case problem comes so that selling bitcoin shouldn't be the first thing on your mind, because you have a long term plan and the sole purpose of why you need bitcoin investment at the first place is not to sell too quickly but for retirement purpose.

Now I get your point and understand more better , in any circumstances selling should be the last alternative, so it’s important we make provisions for emergency and revered fund, that can at least sort out our expense and sustain for a while until one gets another job, or if unforeseen circumstances occur our reserved fund can help out , at the end our desire and target of long term investment  can be achieved .

Emergency fund is not for sorting out your expenses or sustaining you until you get another source of income. Emergency fund is the money you set aside when you are investing in bitcoin, and its main purpose is to help you sort out unexpected problems you didn't plan for so that you won't tamper with your bitcoin or sell your properties that are useful to you to solve your unexpected problem. If you lose your job while investing in bitcoin, don't depend on your emergency fund to solve your expenses because after you finish your emergency fund, your bitcoin is the next in line for you to use to solve your expenses, and you will fail in your bitcoin investment if you do so. If you lose your job while investing in bitcoin, you need to cut down your expenses so that your available money can take care of your expenses until you get another job, and if it requires you putting your bitcoin investment on hold so that your available money will be enough to sustain you until you get another job, you can do that to safeguard your bitcoin investment.

[pusaka]

Some people create emergencies by employing weak cashflow management practices, and they end up getting themselves into emergency situations through their own sloppiness and their failing/refusing to sufficiently prepare themselves.

You are actually right about this sir, most people are just too terrible in controlling money, you will see someone going for wants over needs, and when they have finished wasting the money on things they bearly needs, they will start lamenting that if they had known, they would have utilized the money wasted on this or that pressing needs, so not just in Bitcoin investment, in our daily lives also, once you fail to control your finance properly, at some point, you may run into trouble, which might affect your finance and your Bitcoin investment negatively, so a very good money management skills is greatly needed in other to be able to be successful in your holdings.

Well, we should be able to put needs above desires, but it seems that some people still put their desires above their needs, making it difficult for them to manage their finances, and one of the factors that causes this is because they are too proud and maintain their prestige. I actually have no problem with that if they are able and do not force themselves.

And in relation to investment, investment should be a need (in my personal opinion), not a primary need, but at least when all our basic needs have been met, investment is something that is below those basic needs. When we make something a need, what happens is that we will try hard to get it. It may be a little tiring, but to achieve something, we must make sacrifices, whatever it is, as long as it does not violate certain norms or laws.

[kanftka]

~~~

yes btc is indeed amazing because btc always makes new ath and currently btc has been in the price range of $ 111k and this is truly an extraordinary achievement achieved by bitcoin and of course there is great potential we will see btc continue to rise and of course I am sure btc will rise to $ 120k later and can even be more than $ 120k.

Bitcoin sharp surge to its highest level in recent months was driven by positive market sentiment due to large purchases by MicroStrategy and Japanese investment firm Metaplanet. The buying action carried out by these two companies became the main catalyst that pushed the price of Bitcoin soaring to touch the level of $111,451.

This extraordinary achievement was also triggered by increasing market concerns about inflation, investors are increasingly turning to Bitcoin as a hedge, especially amid negative signals from global monetary policy. Technically, Bitcoin has broken through several important resistance levels, if this trend continues the possibility of forming a Bullish pattern will be stronger, this condition can encourage higher buying interest. IMO

Of course this current trend is expected to continue for too long and that's because Bitcoin is now regarded as future of global finance hence the widespread adoption and investment by different governmental and institutional bodies. I'm not surprised that Bitcoin is currently surging high especially after the US government decided to hugely invest in it through the Strategic Reserve policy. For a government that controls the largest economy in the world to openly declare interest in a digital asset, I don't see any reason why we anyone should doubt the future of such coin.

Now that the Bitcoin market is experiencing a high uptrend movement, you should expect more investors to troop in crypto space which will also result to a higher demand of Bitcoin thereby increasing the surge even further. Different governmental bodies are now adopting policies that are Bitcoin and crypto friendly in their bid to allow citizens to participate in this global financial system that's dominating the world. The buying interest of Bitcoin is on the high side already and I don't even think it's slowing down anytime soon.

Interesting times for all Bitcoiners are here.

I think that I have said this before that it's just a matter of time before Bitcoin rise to a million dollar or more because due to it huge potential, and the incoming Investors on a daily basis, Bitcoin will keeps on surging to a higher level, that's why we that are still among the early Investors really need to seize this golden opportunity and accumulate as much as possible , because time will come when $100k will not give you any significant fraction of Bitcoin, so now is the best time to buy Bitcoin, not tomorrow or next, do it now and hodl.

Facts bro. I agree 100%. The way things are going, it is only a matter of time before Bitcoin hits that million dollar mark. You can literally see how more people and big players are getting in every single day. The hype is not just hype anymore this is real.

That is why i my self don’t waste any opportunity I have to buy
More BTC. I am stacking up now, because I know one day, even $100K would not mean much in BTC terms. I do not want to be one of those people saying “I wish I bought more.” I want to look back and be glad I did. This is the time to move no cap.

[ultrloa]

Some people create emergencies by employing weak cashflow management practices, and they end up getting themselves into emergency situations through their own sloppiness and their failing/refusing to sufficiently prepare themselves.

You are actually right about this sir, most people are just too terrible in controlling money, you will see someone going for wants over needs, and when they have finished wasting the money on things they bearly needs, they will start lamenting that if they had known, they would have utilized the money wasted on this or that pressing needs, so not just in Bitcoin investment, in our daily lives also, once you fail to control your finance properly, at some point, you may run into trouble, which might affect your finance and your Bitcoin investment negatively, so a very good money management skills is greatly needed in other to be able to be successful in your holdings.

Well, we should be able to put needs above desires, but it seems that some people still put their desires above their needs, making it difficult for them to manage their finances, and one of the factors that causes this is because they are too proud and maintain their prestige. I actually have no problem with that if they are able and do not force themselves.

And in relation to investment, investment should be a need (in my personal opinion), not a primary need, but at least when all our basic needs have been met, investment is something that is below those basic needs. When we make something a need, what happens is that we will try hard to get it. It may be a little tiring, but to achieve something, we must make sacrifices, whatever it is, as long as it does not violate certain norms or laws.

If they have that attitude that they can't manage well their finances since they get easily get tempted to do unnecessary things or spend on something that they don't need then that contribute for their failure.

They must fix first those attitude and learn to have proper discipline and good budgeting on their finances so that they can meet those things that they need and they can pay attention well on the investment choices they have done. Since Bitcoin long term investment is long term commitment that's why they should know to budget well so that their chances to succeed will be high and they won't engage on selling their Bitcoins for nonsense reasons.

[Nightwatchmare]

Buying every moment of bitcoin has proven itself to be the best approach to bitcoin investment while aiming for long term holding. Bitcoin has once more raised the bar by setting a new ATH crossing over $110k. If you are still confused about how effective holding your bitcoin is, remember how those who sold under panic would feel now that we're in a new ATH. Thanks to Trump's administration for having this under their watch.

Before Trump's administration came into place and supported Bitcoin, Bitcoin had already achieved so many ATHs in the past, and this new ATH shouldn't be a surprise to you or make you give Trump's administration credit for the accomplishment Bitcoin has achieved this year because Bitcoin is destined for greatness, and we are just seeing one of its moments now. If Trump's administration ends today, Bitcoin will still be Bitcoin, and it will continue to achieve new all-time highs in the future.

[sotelorene]

Buying every moment of bitcoin has proven itself to be the best approach to bitcoin investment while aiming for long term holding. Bitcoin has once more raised the bar by setting a new ATH crossing over $110k. If you are still confused about how effective holding your bitcoin is, remember how those who sold under panic would feel now that we're in a new ATH. Thanks to Trump's administration for having this under their watch.

Before Trump's administration came into place and supported Bitcoin, Bitcoin had already achieved so many ATHs in the past, and this new ATH shouldn't be a surprise to you or make you give Trump's administration credit for the accomplishment Bitcoin has achieved this year because Bitcoin is destined for greatness, and we are just seeing one of its moments now. If Trump's administration ends today, Bitcoin will still be Bitcoin, and it will continue to achieve new all-time highs in the future.

I don't think Tominez says in his post that Trump was the reason for the all time high and even if he said so, I don't think it is totally wrong because it was after his speech when Bitcoin was $70k something that the price skyrocket to $100k breaking new all time high late last year or so and therefore giving him a credit is not actually bad because he was behind the reason why..., Bitcoin has the potential to skyrocket anytime any day no doubt because it is a volatile asset.

[Jostern]

Some people create emergencies by employing weak cashflow management practices, and they end up getting themselves into emergency situations through their own sloppiness and their failing/refusing to sufficiently prepare themselves.

You are actually right about this sir, most people are just too terrible in controlling money, you will see someone going for wants over needs, and when they have finished wasting the money on things they bearly needs, they will start lamenting that if they had known, they would have utilized the money wasted on this or that pressing needs, so not just in Bitcoin investment, in our daily lives also, once you fail to control your finance properly, at some point, you may run into trouble, which might affect your finance and your Bitcoin investment negatively, so a very good money management skills is greatly needed in other to be able to be successful in your holdings.

Well, we should be able to put needs above desires, but it seems that some people still put their desires above their needs, making it difficult for them to manage their finances, and one of the factors that causes this is because they are too proud and maintain their prestige. I actually have no problem with that if they are able and do not force themselves.

And in relation to investment, investment should be a need (in my personal opinion), not a primary need, but at least when all our basic needs have been met, investment is something that is below those basic needs. When we make something a need, what happens is that we will try hard to get it. It may be a little tiring, but to achieve something, we must make sacrifices, whatever it is, as long as it does not violate certain norms or laws.

If they have that attitude that they can't manage well their finances since they get easily get tempted to do unnecessary things or spend on something that they don't need then that contribute for their failure.

They must fix first those attitude and learn to have proper discipline and good budgeting on their finances so that they can meet those things that they need and they can pay attention well on the investment choices they have done. Since Bitcoin long term investment is long term commitment that's why they should know to budget well so that their chances to succeed will be high and they won't engage on selling their Bitcoins for nonsense reasons.

Most people are quite reckless in terms of managing there resources, for someone who is trying to invest and build a portfolio it is sometimes to learn how to be discipline in terms of managing there in come and also trying to adjust and have a focus of building a better portfolio. It’s very important to be more focused, if someone has a bad attitude in terms of managing there finances would probably fall short in terms of building there emergency funds and Reserved funds.

Investing in bitcoin doesn’t really stop us living our daily life and enjoying ourself but sometimes it’s just wise to adjust some certain aspects of our lifestyle so we be able to have a discretionary funds for investing and accumulating and to hodl. And also trying to be care so we don’t employ a certain way of poor management that leads us into emergency situations that we might not be able to recover from it because of bad cash flows

[Silikiem]

You are right, emergency doesn't happen or occur everyday but you should understand that emergency is not just a financial problem but rather emergency can be anything provided one is not expecting that particular situation at that moment. Moreover, emergency happens to everyone whether in Bitcoin investment or outside Bitcoin and it is very necessary to save up or prepare in case of any emergency so saying that emergency is not something we have to worry about, it is very wrong because emergency is something we should always keep in mind in whatever thing we are doing and it will also help one to be conscious.

Some people create emergencies by employing weak cashflow management practices, and they end up getting themselves into emergency situations through their own sloppiness and their failing/refusing to sufficiently prepare themselves.

Yes, this is so true. Emergency is not just an unforeseen circumstances or events, sometimes we create emergencies by ourselves and it has nothing to do with accident. As an investor, we need to be extremely careful with our finances because any little mistake we do in terms of our financial management can cost us more harm than good. Most persons go into debt not because they don’t have sources of income but because they didn’t apply the right cash flow management skills with their various sources of income. As an investor, even if you have sources of income coming in either monthly or weekly, and you do not employ the right cash flow management techniques or practices, you are doomed to fail with your investment because you failed to adequately track or manage how money moves in and out of your investments or business, you need to also live within your financial means. Poor financial management skill will lead you into various financial problems such as an increase in debts because at this point you will be finding it difficult to meet up with your financial obligations of trying to build up your investment portfolio as you normally do before either weekly or monthly especially if you’re someone whose initial strategy is based on the DCA method of accumulation. In this scenario, if an investor starts having increased debts as a result of poor financial management skills, you will start having emergency financial problems which you must settle, and once you start setting those debts you’ll find it difficult to still continue with your investment or bitcoin accumulation consistently. And it will even get to a point where by you will be forced to sell off your bitcoin assets when is not due and by so doing you are slowly abandoning your bitcoin investment totally. This is one way we can cause emergency by ourselves.

[Spaceman1000$]

...

...

Having emergency funds is a good idea, but I don't think it's necessary to have it before investing. I think we can plan for that while investing. Having multiple sources of income is something I think is crucial for new investors because it will help them reach their financial goals and allow them to save for emergencies from their income.

In reality, through the journey of life, emergencies do not always happen to everyone so it doesn't have to be something that we have to worry about. Because besides being able to prepare when we have made investments with long-term goals through Bitcoin, emergency funds also don't have to be hoarded continuously because not everyone experiences emergencies every day. So just carry out the desire to invest in Bitcoin so that we don't feel regretful when we see the price of Bitcoin which has returned to making a new ATH ($111K+) this month by increasing sharply in a matter of days. And be sure that today there are some people who regret selling Bitcoin too quickly and also because they didn't want to buy Bitcoin when Bitcoin was still stagnant at $100K.

You are right, emergency doesn't happen or occur everyday but you should understand that emergency is not just a financial problem but rather emergency can be anything provided one is not expecting that particular situation at that moment. Moreover, emergency happens to everyone whether in Bitcoin investment or outside Bitcoin and it is very necessary to save up or prepare in case of any emergency so saying that emergency is not something we have to worry about, it is very wrong because emergency is something we should always keep in mind in whatever thing we are doing and it will also help one to be conscious.

Some people create emergencies by employing weak cashflow management practices, and they end up getting themselves into emergency situations through their own sloppiness and their failing/refusing to sufficiently prepare themselves.

Your absolutely correct, proper preparation prevents poor performance,  if you're very good in managing your finances, you'll be able to withstand  emergency that concerns financial involvement especially the emergences not above your pay grade. however this managerial skills can as well snowball into managing your bitcoin investment effective, because financial discipline most times begets a responsive and a responsible investor.

[Olatundespo]

Some people create emergencies by employing weak cashflow management practices, and they end up getting themselves into emergency situations through their own sloppiness and their failing/refusing to sufficiently prepare themselves.

You are actually right about this sir, most people are just too terrible in controlling money, you will see someone going for wants over needs, and when they have finished wasting the money on things they bearly needs, they will start lamenting that if they had known, they would have utilized the money wasted on this or that pressing needs, so not just in Bitcoin investment, in our daily lives also, once you fail to control your finance properly, at some point, you may run into trouble, which might affect your finance and your Bitcoin investment negatively, so a very good money management skills is greatly needed in other to be able to be successful in your holdings.

Well, we should be able to put needs above desires, but it seems that some people still put their desires above their needs, making it difficult for them to manage their finances, and one of the factors that causes this is because they are too proud and maintain their prestige. I actually have no problem with that if they are able and do not force themselves.

And in relation to investment, investment should be a need (in my personal opinion), not a primary need, but at least when all our basic needs have been met, investment is something that is below those basic needs. When we make something a need, what happens is that we will try hard to get it. It may be a little tiring, but to achieve something, we must make sacrifices, whatever it is, as long as it does not violate certain norms or laws.

If they have that attitude that they can't manage well their finances since they get easily get tempted to do unnecessary things or spend on something that they don't need then that contribute for their failure.

They must fix first those attitude and learn to have proper discipline and good budgeting on their finances so that they can meet those things that they need and they can pay attention well on the investment choices they have done. Since Bitcoin long term investment is long term commitment that's why they should know to budget well so that their chances to succeed will be high and they won't engage on selling their Bitcoins for nonsense reasons.

Most people are quite reckless in terms of managing there resources, for someone who is trying to invest and build a portfolio it is sometimes to learn how to be discipline in terms of managing there in come and also trying to adjust and have a focus of building a better portfolio. It’s very important to be more focused, if someone has a bad attitude in terms of managing there finances would probably fall short in terms of building there emergency funds and Reserved funds.

Investing in bitcoin doesn’t really stop us living our daily life and enjoying ourself but sometimes it’s just wise to adjust some certain aspects of our lifestyle so we be able to have a discretionary funds for investing and accumulating and to hodl. And also trying to be care so we don’t employ a certain way of poor management that leads us into emergency situations that we might not be able to recover from it because of bad cash flows

Proper wealth management can lift you out of poverty. Even if you have a limited income, you may be able to find a portion of your Bitcoin accumulate with proper management. What you need to focus on is how much you can advance in Bitcoin with your discretionary income or how consistent you are in saving every week. The main thing is that you should be consistent in accumulation Bitcoins in line with your income. There may be limitations in emergency funds/floating cash but this fund should be seriously considered for long-term investment.

You have made an important statement that Bitcoin investment does not stop enjoying our daily life. Some investors may reduce the daily expenses of the family and reduce the basic needs of the family members but doing so does not justify his investment. He is earning for financial solvency even the main purpose of investment is to emphasize financial solvency.

[Cossyblack]

Some people create emergencies by employing weak cashflow management practices, and they end up getting themselves into emergency situations through their own sloppiness and their failing/refusing to sufficiently prepare themselves.

You are actually right about this sir, most people are just too terrible in controlling money, you will see someone going for wants over needs, and when they have finished wasting the money on things they bearly needs, they will start lamenting that if they had known, they would have utilized the money wasted on this or that pressing needs, so not just in Bitcoin investment, in our daily lives also, once you fail to control your finance properly, at some point, you may run into trouble, which might affect your finance and your Bitcoin investment negatively, so a very good money management skills is greatly needed in other to be able to be successful in your holdings.

Well, we should be able to put needs above desires, but it seems that some people still put their desires above their needs, making it difficult for them to manage their finances, and one of the factors that causes this is because they are too proud and maintain their prestige. I actually have no problem with that if they are able and do not force themselves.

And in relation to investment, investment should be a need (in my personal opinion), not a primary need, but at least when all our basic needs have been met, investment is something that is below those basic needs. When we make something a need, what happens is that we will try hard to get it. It may be a little tiring, but to achieve something, we must make sacrifices, whatever it is, as long as it does not violate certain norms or laws.

If they have that attitude that they can't manage well their finances since they get easily get tempted to do unnecessary things or spend on something that they don't need then that contribute for their failure.

They must fix first those attitude and learn to have proper discipline and good budgeting on their finances so that they can meet those things that they need and they can pay attention well on the investment choices they have done. Since Bitcoin long term investment is long term commitment that's why they should know to budget well so that their chances to succeed will be high and they won't engage on selling their Bitcoins for nonsense reasons.

Most people are quite reckless in terms of managing there resources, for someone who is trying to invest and build a portfolio it is sometimes to learn how to be discipline in terms of managing there in come and also trying to adjust and have a focus of building a better portfolio. It’s very important to be more focused, if someone has a bad attitude in terms of managing there finances would probably fall short in terms of building there emergency funds and Reserved funds.

Investing in bitcoin doesn’t really stop us living our daily life and enjoying ourself but sometimes it’s just wise to adjust some certain aspects of our lifestyle so we be able to have a discretionary funds for investing and accumulating and to hodl. And also trying to be care so we don’t employ a certain way of poor management that leads us into emergency situations that we might not be able to recover from it because of bad cash flows

Extra buoyant spendings can keep an investor out of focus and track in his Bitcoin investment. Since he is just spending funds recklessly and doesn't have a spending records to keep him in check,he might starting missing out in his Bitcoin accumulation periodically which wouldn't be  healthy For his investment. for this kind of investor,the need to keep a personal records of things he spends his funds on a regularly basis is necessary,it will help him knows what's eating most of his funds so that he couldn't start avoiding them and optimizing  his excessive spendings gradually to help him get back in track. For a potential investor, keeping a healthy Bitcoin portfolio for the long term is very important and one of the best way to achieve that,is consistent and steadily accumulating of Bitcoin and by ruining out reckless spending will help him achieve that in the long run because he will need adequate funds from his discretional income to keep him stashing.

[MainIbem]

Most people are quite reckless in terms of managing there resources, for someone who is trying to invest and build a portfolio it is sometimes to learn how to be discipline in terms of managing there in come and also trying to adjust and have a focus of building a better portfolio. It’s very important to be more focused, if someone has a bad attitude in terms of managing there finances would probably fall short in terms of building there emergency funds and Reserved funds.

Investing in bitcoin doesn’t really stop us living our daily life and enjoying ourself but sometimes it’s just wise to adjust some certain aspects of our lifestyle so we be able to have a discretionary funds for investing and accumulating and to hodl. And also trying to be care so we don’t employ a certain way of poor management that leads us into emergency situations that we might not be able to recover from it because of bad cash flows

Extra buoyant spendings can keep an investor out of focus and track in his Bitcoin investment. Since he is just spending funds recklessly and doesn't have a spending records to keep him in check,he might starting missing out in his Bitcoin accumulation periodically which wouldn't be  healthy For his investment. for this kind of investor,the need to keep a personal records of things he spends his funds on a regularly basis is necessary,it will help him knows what's eating most of his funds so that he couldn't start avoiding them and optimizing  his excessive spendings gradually to help him get back in track. For a potential investor, keeping a healthy Bitcoin portfolio for the long term is very important and one of the best way to achieve that,is consistent and steadily accumulating of Bitcoin and by ruining out reckless spending will help him achieve that in the long run because he will need adequate funds from his discretional income to keep him stashing.

As a Bitcoin investor especially someone who recently started investing on Bitcoin, if their's one thing such person should avoid, then it's spending recklessly cause it would definitely hinder the process of accumulation along the line, whereby money meant for accumulating periodically would be used to solve other pressing issues cause the person have tampered with his emergency funds and would be forced to used the one meant for investment to solve issues, every investor should be a good planner and spend money wisely and according to their budget, one should be spending beyond their income all in the name of entertaining themselves or having fun, if possible such person should avoid friends or things that would hinder their investment journey or level of accumulating Bitcoin.

[Fuso.hp]

Lack of sources of income is what is causing some new investors to borrow money or take out a loan to begin investing, if you have a reliable source of income, as a new investors you will be able to save for emergency funds without having to plan for it before investing. It can also help them to prepare for DCA strategy.

You can sell a dormant property to invest in Bitcoin especially when you have somewhere you can stay or the proceed from the sales can afford you a decent rent in which your future cashflow can cover, while you put the surplus into Bitcoin. But what I can never support is taking a loan to invest in Bitcoin because that will mean investing with money that is not yours and this will put you into pressures to even sell your Bitcoin at a loss when the loan maturity reaches and you have not realized good profits. The ideal thing is to always invest with our discretionary income which loans does not fall into, hence my reservation to taking loan to invest in Bitcoin. Assuming you take out a loan of say 4 years and buy Bitcoin. The loan plus the interest is something big that you don't have the guarantee that the Bitcoin will give enough profits within that 4 years to pay back the loan with the interest and still remain what you will hold as Bitcoin in your wallet.

I think this issue will be more risky because I have always heard from many big investors that one should not borrow money from others to invest or invest outside of one's own interests. Now selling land and investing in Bitcoin may fall into the same category. It is certain that if you keep the land, the price of that land will increase gradually, but if you invest in Bitcoin, especially if you sell land, there is no guarantee that the investor will get a good return on that investment. I think that instead of selling land and investing in Bitcoin, the investor should invest some amount of money continuously depending on his income, so that on the one hand, his land will remain, but he will have a continuous investment. I gave such an opinion from my side, but my opinion may not agree with many, but if I were in my place, I would definitely not sell my land and invest in Bitcoin, but would do something alternative to invest.

[Justbillywitt]

However, this may not necessarily be that crucial for a new investors as you make it look like in your post and can possibly pass negative information to new investors and those having interest in Bitcoin investment but are limited to do so because of money even though we don't need much to start but just a discretionary income being figured out.

How is that negative information? Encouraging new investors to have multiple sources of income shouldn't be a negative information, in my opinion. It doesn't have to be many, but at least one source of income should be considered before investing. This is because not all new investors have the means to start investing with a large sum of money, some of them need to work on one activity or another to catch up.
Lack of sources of income is what is causing some new investors to borrow money or take out a loan to begin investing, if you have a reliable source of income, as a new investors you will be able to save for emergency funds without having to plan for it before investing. It can also help them to prepare for DCA strategy.

That is why the DCA method is reasonable for all individuals, whether small or large, it is possible to get several benefits by investing in Bitcoin according to the DCA method.
There is an opportunity to maintain long-term holding,
any person, whether poor or rich,
can succeed by investing in Bitcoin according to the DCA method,
if they invest little by little for a long time,
their portfolio will be much larger,
if they are able to eliminate their extra bad expenses by investing according to this DCA method,
then they can use those funds to invest in Bitcoin.
All these aspects can definitely be considered through the DCA method, so the DCA method is definitely the best and acceptable for everyone who is a Bitcoin holder.

I don't know if some of you guys do read through posts before quoting the person. What the person you just quoted is saying is completely different from what you are saying. Before you quote someone make sure that your contribution is in line with what the discussion they are having, so that anyone who is reading through those posts will have a better understanding of the discussion. I was following the conversation of @Stormisover and  @Abdullah, and what you just posted was totally out of line with what they were talking about.
Let's do things like people that are enlightened and not just post for posting sake. They were talking about having sources of income and you suddenly jumped in with DCA, because you saw were @Abdulzuruku01 ended his sentence with DCA. Make sure you go through a post to have a proper understanding of what the discussion is before contributing, so you can contribute according to ongoing discussion.

[Shadiq]

As a Bitcoin investor especially someone who recently started investing on Bitcoin, if their's one thing such person should avoid, then it's spending recklessly cause it would definitely hinder the process of accumulation along the line, whereby money meant for accumulating periodically would be used to solve other pressing issues cause the person have tampered with his emergency funds and would be forced to used the one meant for investment to solve issues, every investor should be a good planner and spend money wisely and according to their budget, one should be spending beyond their income all in the name of entertaining themselves or having fun, if possible such person should avoid friends or things that would hinder their investment journey or level of accumulating Bitcoin.

Can avoiding friends be a necessary step for investment? For investment, you must give up some things, the main one being unnecessary spending. But I don't think hanging out with friends costs too much money. Even friends are one of our means of mental peace. Most of the time we spend our time in the hustle and bustle of work, maybe we get the opportunity to hang out with friends once or twice a week or a month, I don't think the money spent on this chat is an unnecessary expense at all. Because it is necessary to get mental peace by hanging out with friends for the progress of work.

But yes, spending too much on friends will not be the right thing at all. For this, you don't have to avoid them, rather you can reduce some expenses. In middle age, friends do not expect much money from you. Maybe everyone makes some plans together from time to time, which is definitely important for life.

For investment, you should definitely avoid some things that are harmful for investment. For example, your bad habits related to financial management and excessive generosity. A necessary generosity is certainly commendable, but anything in excess is not good. Even for a luxurious life, excessive spending should be abandoned.