Buy the DIP, and HODL!

[Finebone]

I think age shouldn’t be very detrimental to our plans of investing in Bitcoin or trying to have more cashflow, because whatever our differences might be that shouldn’t be a discouragement for not buying and investing in Bitcoin, what is really important should be having a discretionary income that we can start investing in Bitcoin and also trying to have other necessary means of sustainability in our Bitcoin investment, I think as long as we’re alive we do pay bills and take care of our expenses, and expenses and bills have nothing to do with age, and I think that is enough reason why we can start investing as long as we have a discretionary income, and you can still try to increase our cashflow by having other source of income which can also help increase the discretionary income, 20s and 30s can just be a benchmark for having energy to have other different cashflow, there are people who are in their 50s and 60s that have multiple source of income, and are the mostly the once doing absolutely tremendous in their bitcoin investments and even have a better Bitcoin portfolio.

And talking about salaries which I know it’s quite important, but it’s more understandable that we’re buying bitcoin as much as we have a discretionary income which would be more safe for us.

Age itself does not stop anyone from investing in Bitcoin or from building more cash flow. What really matters is whether someone has discretionary income and the discipline to keep stacking without touching it for everyday bills. As you said, expenses will always be there no matter our age, so the real solution is having other income streams to support those expenses. That way, whatever goes into Bitcoin remains long term. Salaries or main income can serve as the foundation, but multiple income sources give extra room to increase discretionary income and keep the investment secure.

I largely agree with you buddy, age is not a barrier when it comes to Bitcoin investment, in as much as discretionary income and discipline is greatly needed in stacking up your Satoshis, take note that if the will is not there, it wouldn't be possible because regardless of if an individual has a discretionary income and the discipline to go all the way, if he doesn't have the will to invest in bitcoin, it wouldn't be possible, so having the will to invest in bitcoin is also essential for an investor to invest in bitcoin without giving excuses why it's not possible.

[Makus]

You are absolutely correct, a wise person won't always depend on the work they are doing to get money rather they will look for something that will keep them financially stable even when there job is not longer there a wise person is always unlimited when it comes to ideas, reasoning, thinking and planing. It is very wrong to depend on a job because you are not the owner and you can be sack any day or anytime, if I should get a job where I'm working now I won't depend on the job rather I will be establishing myself while working in the place and I don't even plan to work for someone till I am old, my plan is once I'm done establishing myself I will quit the job and focus more on my company and some other Investment because if you are working for someone without setting things up for yourself you will definitely go broke once you leave the job.

Savings have been born out of the desire not to depend on work for money. People constantly live their lives with various kinds of fears.

To invest in Bitcoin, you should keep your emergency fund for this reason so that you do not have to sell your investment. From the role of your life to the conclusion, the importance of emergency fund is immense.

True, an emergency fund is what separates a smart investor from someone just gambling with their future, because if you don’t have that backup then any small issue in life will push you to sell your Bitcoin at the wrong time, and that completely will destroy the whole idea of holding long term..
  Life will always throw things at you sudden bills and so many and if you’re not prepared for that, you will keep dipping into the money you were supposed to be growing, and that’s how people end up frustrated and regretting later..

[yixichloro2xx]

Age itself does not stop anyone from investing in Bitcoin or from building more cash flow. What really matters is whether someone has discretionary income and the discipline to keep stacking without touching it for everyday bills. As you said, expenses will always be there no matter our age, so the real solution is having other income streams to support those expenses. That way, whatever goes into Bitcoin remains long term. Salaries or main income can serve as the foundation, but multiple income sources give extra room to increase discretionary income and keep the investment secure.

You must not have multiple sources of income before you can comfortably invest in Bitcoin, what you need is a good source of income that can cover your basic needs and allow you have enough discretionary income from where you will invest part into Bitcoin and part of it kept as emergency funds. This idea of having multiple sources of income have made more people spread their money and energy into things they should have avoid to focus on things that will help them just because they want to create many streams of income. If you have a good business that is fetching you enough money, you can use part of your profits to start building your Building your Bitcoin portfolio. The focus is to have discretionary income and emergency funds to protect the investment from being sold when it was not planned.

Even if one strong source of income is enough to start and sustain Bitcoin investment, the reality is that life rarely stays predictable forever. A business can slow down, salaries can get delayed, or unexpected bills can eat into what was once a comfortable margin. That is why some people see multiple income streams as a form of protection, not just a pursuit of more money. Of course, the mistake comes when people scatter their effort into too many things that never mature, but having at least one or two additional flows beyond the main one can reduce the risk of being forced to sell Bitcoin in hard times. The key is not the number of income sources but their stability and how well they support consistent stacking without interruption.

I largely agree with you buddy, age is not a barrier when it comes to Bitcoin investment, in as much as discretionary income and discipline is greatly needed in stacking up your Satoshis, take note that if the will is not there, it wouldn't be possible because regardless of if an individual has a discretionary income and the discipline to go all the way, if he doesn't have the will to invest in bitcoin, it wouldn't be possible, so having the will to invest in bitcoin is also essential for an investor to invest in bitcoin without giving excuses why it's not possible.

Perhaps the will is the spark that sets everything in motion, but without structure it can burn out quickly. Many people have the will to invest, yet when expenses pile up or emergencies strike, that will alone cannot keep them from dipping into what was meant for Bitcoin. This is why discretionary income and steady cash flow matter so much. The will gets someone started, but sustainability depends on building a system that protects both daily needs and long term stacking. Otherwise, even strong intentions can collapse under financial pressure.

[laspol65]

True, an emergency fund is what separates a smart investor from someone just gambling with their future, because if you don’t have that backup then any small issue in life will push you to sell your Bitcoin at the wrong time, and that completely will destroy the whole idea of holding long term..

To protect your Bitcoin holdings from future dangers, it is important to have an emergency fund. The more Bitcoin you invest, the more security you need. Your emergency fund and your stable income are the most important as security. If you have a mirror, you will not be able to move forward with your Bitcoin investment, so if you are involved in Bitcoin investment, you must have a stable source of income.
Currently, many people are holding Bitcoins, but due to their lack of strategy, they face dangers with their Bitcoin holdings. Therefore, it is very important to know some strategies so that they are not in danger, an emergency fund will keep your Bitcoin holdings stable from any danger.

[Tamaperdana]

It's true that young people do need to earn money first to invest in an asset like Bitcoin, and for some, that's certainly not easy. Especially for young people who aren't completely dependent on their parents, this certainly makes it even more difficult for them to make a decision. As you said, young people who may have just graduated from college are faced with several options for earning money: working for someone else or starting their own business. I think if I had to choose between those two options, I would definitely consider my personal financial situation and my skills. Basically, if I really didn't have enough money to start a business, I would probably work for someone else first.

I don't think there's any other option. So, maybe once I have a job and a salary, that's where I might start investing in Bitcoin (if I have discretionary funds). Sometimes, for young people who are truly independent, it's very difficult to have discretionary funds, especially if their salary is small and their needs are much greater. So at that point, I think it's better to find a job first, gain experience, and investing in bitcoin when you have discretionary funds. Because basically, to start a business you need mature knowledge and strong capital.

No one ever has discretionary funds or income. A person has to find discretionary income through proper financial management. We don't need a job or a business to invest. What we need to invest is a source of discretionary income. If you have a job, if you spend all the money from your salary, then how will you invest? If you can reduce your extra expenses and find discretionary income through proper financial management, then your investment will be good.

If you invest with the money you need, you may not be able to hold your investment for a long time. Because when you invest with emergency money, if you need that amount of money, you will have to sell your holdings. And invest with money that you don't need

I think the statement I've bolded doesn't make sense. Explain to me how someone can have discretionary income if they don't have a job or business. I don't think you're thinking realistically here, because the first step in financial matters is having a job that generates income or a business. If someone doesn't have that, how can they invest in Bitcoin? Basically, discretionary funds can be obtained when someone has an income. Without an income, how can someone have discretionary funds? Even eating might be difficult. Therefore, I really don't understand why you say that someone doesn't need a job or business to invest in Bitcoin. I don't understand how you can have discretionary funds if you don't have a source of income.

And here you're talking about managing expenses. I don't think people who don't have a job or business can manage anything because they don't have a salary. So, what money should they manage? Is it inheritance money? Please explain this in detail to me, because I really don't understand your assumption.

[Oshio-man]

Age itself does not stop anyone from investing in Bitcoin or from building more cash flow. What really matters is whether someone has discretionary income and the discipline to keep stacking without touching it for everyday bills. As you said, expenses will always be there no matter our age, so the real solution is having other income streams to support those expenses. That way, whatever goes into Bitcoin remains long term. Salaries or main income can serve as the foundation, but multiple income sources give extra room to increase discretionary income and keep the investment secure.

You must not have multiple sources of income before you can comfortably invest in Bitcoin, what you need is a good source of income that can cover your basic needs and allow you have enough discretionary income from where you will invest part into Bitcoin and part of it kept as emergency funds. This idea of having multiple sources of income have made more people spread their money and energy into things they should have avoid to focus on things that will help them just because they want to create many streams of income.

I agree with you that investors need to have source of income before they can approach the market to buy bitcoin in the dip which is a good idea, make sure you use what you can afford to lose in bitcoin whenever you want to buy bitcoin and it will help you to focus on a long holding that will make you to earn good income from your holding, bitcoin is different from other business you can start today and start seeing instant result because there are some bearish season you will encounter in the process of holding bitcoin without be move to release your bitcoin no matter the challenge surrounding you because you have other source of income you can use to solve those challenges, but if you don't have such sources of income you will not overcome such challenges, this is the reason why is good to have source of income before going into long term holding.

[Wind_FURY]

 👀



The billionaires, the public companies, and the professional asset managers currently holds 12.3% of ALL Bitcoin. That's not including the supply that nation-states have started to HODL in their vaults.

Don't sell your Bitcoin at the current "cheap" price levels. Keep accumulating, if you want to see, then sell when it's at a seven digit valuation per coin OR when it's equal to or more than the total market value of Gold.

What is happening now is the greatest transfer of wealth in human history and the rich, who always knows how to stay rich, are positioning themselves once again to dominate this new oil. The good thing is that bitcoin give both the big capital and small fries like some of us the same opportunity to be part of the future and the new money. Those still doubting will be left behind because believe it or not, bitcoin is the real deal now. Like you said, we should hold our bitcoin and not sell because that will be the biggest mistake anyone could make. Buy as much as you can, store them properly and forget them there, that is the sure way to wealth.

But it's also sort of bad, and sad, that there will be other plebs like us that will be forced to sell because of difficult life-conditions. Maybe the BitcoinTalk admins should encourage/incentivize plebs to trade their coins with other plebs in "Currency Exchange", https://bitcointalk.org/index.php?board=53.0

 

Plebs will sell to fellow plebs/HODLers instead of selling their coins in an exchange where the billionaires are waiting.

[Barikui1]

agree with you that investors need to have source of income before they can approach the market to buy bitcoin in the dip which is a good idea, make sure you use what you can afford to lose in bitcoin whenever you want to buy bitcoin and it will help you to focus on a long holding that will make you to earn good income from your holding, bitcoin is different from other business you can start today and start seeing instant result because there are some bearish season you will encounter in the process of holding bitcoin without be move to release your bitcoin no matter the challenge surrounding you because you have other source of income you can use to solve those challenges, but if you don't have such sources of income you will not overcome such challenges, this is the reason why is good to have source of income before going into long term holding.

Sir oshio man, for a person to invest in Bitcoin, he needs a discretionary income not a source of income, because an individual have no business investing when he has nothing doing that guarantees income either weekly or monthly, since he needs to first of all take care of himself and his basic needs before he might think of investing. And I also want you to understand that their are so many guys out there that has a source of income but has not figure out their discretionary income needed to invest with, and why most Bitcoin investors struggle with their investment is because they invest in Bitcoin with money meant for other basic needs that is not their discretionary income.

And secondly, for your Bitcoin investment to be maintained and secure without you tempering with it in the nearest future when serious real life emergencies struck, you must have an emergency funds that stands as the last layer of protection to your holdings, making more money from another source it quite cool but having an emergency funds is a must if your investment is to be secured.

[Nightwatchmare]

I think age shouldn’t be very detrimental to our plans of investing in Bitcoin or trying to have more cashflow, because whatever our differences might be that shouldn’t be a discouragement for not buying and investing in Bitcoin, what is really important should be having a discretionary income that we can start investing in Bitcoin and also trying to have other necessary means of sustainability in our Bitcoin investment, I think as long as we’re alive we do pay bills and take care of our expenses, and expenses and bills have nothing to do with age, and I think that is enough reason why we can start investing as long as we have a discretionary income, and you can still try to increase our cashflow by having other source of income which can also help increase the discretionary income, 20s and 30s can just be a benchmark for having energy to have other different cashflow, there are people who are in their 50s and 60s that have multiple source of income, and are the mostly the once doing absolutely tremendous in their bitcoin investments and even have a better Bitcoin portfolio.

And talking about salaries which I know it’s quite important, but it’s more understandable that we’re buying bitcoin as much as we have a discretionary income which would be more safe for us.

Age itself does not stop anyone from investing in Bitcoin or from building more cash flow. What really matters is whether someone has discretionary income and the discipline to keep stacking without touching it for everyday bills. As you said, expenses will always be there no matter our age, so the real solution is having other income streams to support those expenses. That way, whatever goes into Bitcoin remains long term. Salaries or main income can serve as the foundation, but multiple income sources give extra room to increase discretionary income and keep the investment secure.

Bitcoin investment has nothing to do with hard work, such as skilled or unskilled labour, so I totally agree with you that age is not a barrier for anyone who has the desire to invest in Bitcoin. What you need to invest in Bitcoin is a steady source of income that guarantees you a discretionary income that will allow you to invest in Bitcoin, so if you are sure of this as someone who desired to invest in Bitcoin, you are in the right state to invest in Bitcoin, and age will not stop you from doing that because you can be in your toilet or going for business trip and still buy Bitcoin shamelessly and it will not stop you from carrying out your daily activities.

[Tmoonz]

Age itself does not stop anyone from investing in Bitcoin or from building more cash flow. What really matters is whether someone has discretionary income and the discipline to keep stacking without touching it for everyday bills. As you said, expenses will always be there no matter our age, so the real solution is having other income streams to support those expenses. That way, whatever goes into Bitcoin remains long term. Salaries or main income can serve as the foundation, but multiple income sources give extra room to increase discretionary income and keep the investment secure.

You must not have multiple sources of income before you can comfortably invest in Bitcoin, what you need is a good source of income that can cover your basic needs and allow you have enough discretionary income from where you will invest part into Bitcoin and part of it kept as emergency funds. This idea of having multiple sources of income have made more people spread their money and energy into things they should have avoid to focus on things that will help them just because they want to create many streams of income.

I agree with you that investors need to have source of income before they can approach the market to buy bitcoin in the dip which is a good idea, make sure you use what you can afford to lose in bitcoin whenever you want to buy bitcoin and it will help you to focus on a long holding that will make you to earn good income from your holding, bitcoin is different from other business you can start today and start seeing instant result because there are some bearish season you will encounter in the process of holding bitcoin without be move to release your bitcoin no matter the challenge surrounding you because you have other source of income you can use to solve those challenges, but if you don't have such sources of income you will not overcome such challenges, this is the reason why is good to have source of income before going into long term holding.

No doubt that there must be a source of income but having a source of income is not enough, you must get the clarity there is a major difference between having a source and figuring out what is to be considered as a discretionary income, a lot of people misunderstood this which is wrong, some one can have a source of income it can even be stable but once there is no that extra or left overs cash after whatever that is considered to be taken as a basic needs has been taken care of then such fellow is never eligible to invest in to Bitcoin, some people have this source of income but also lack that financial management skills to which they can figure out the possibility of a discretionary income that is to say having a source of income isn't just enough.

[JayJuanGee]

 👀
The billionaires, the public companies, and the professional asset managers currently holds 12.3% of ALL Bitcoin. That's not including the supply that nation-states have started to HODL in their vaults.

Don't sell your Bitcoin at the current "cheap" price levels. Keep accumulating, if you want to see, then sell when it's at a seven digit valuation per coin OR when it's equal to or more than the total market value of Gold.

You make a good point about accumulating bitcoin, yet I am not sure what you point about selling is?

What are you selling your bitcoin for?

From your perspective, Wind_FURY, what are you going to buy with your bitcoin when you sell it at those supra $1 million prices?

By the time bitcoin reaches $1 million, we probably won't have very high world adoption, and some guys are going to have had accumulated less than 0.1 BTC or maybe they were able to get up to somewhere between 0.25 BTC to 0.5 BTC, and you want them to sell?

Maybe we should focus on accumulating, first?

 👀[edited out]

What is happening now is the greatest transfer of wealth in human history and the rich, who always knows how to stay rich, are positioning themselves once again to dominate this new oil. The good thing is that bitcoin give both the big capital and small fries like some of us the same opportunity to be part of the future and the new money. Those still doubting will be left behind because believe it or not, bitcoin is the real deal now. Like you said, we should hold our bitcoin and not sell because that will be the biggest mistake anyone could make. Buy as much as you can, store them properly and forget them there, that is the sure way to wealth.

I thought that I was agreeing with a lot of what you say, yet I was a bit thrown by your "forget them" advice.

It seems problematic to be suggesting that guys forget their bitcoin, even though it is good to accumulate bitcoin and secure bitcoin, but forgetting them?  That seems problematic.

Another thing is that guys sometimes get locked into shitty paying jobs, so sometimes they might need to spend some money (and/or time and energies) in order to put themselves in a place to be able to make better money.  These are not easy choices, and the answers are not obvious since they likely take some efforts from the involved person and also sometimes based on a variety of preferences and the potential to build on already existing skills and characteristics.

Our energies are high while we are in our 20s or 30s and that's the time when we must not stick with our monthly salary (if it's not adequate). One must go for extra work to generate extra income that we can use for investing in Bitcoin. Also if it becomes our habit in early age to work hard then we carry that with us as we grow. Inflation and low salary should not be an excuse, we have other options to increase our earnings.  These days inflation has gone up and people are finding it hard to live with monthly, it's essential for everyone of us to find some extra work to invest in Bitcoin. 

It is true that a person can work the most from 20 to 30 years and during this period, he has to work for the financial independence of his later life. Those who depend only on their job during this period will have a difficult moment. And those who invest to increase their income during this period can find financial independence in the future. Investing in Bitcoin is smarter than all other investments in terms of investment. If someone invests in Bitcoin regularly with the aim of getting financial independence in the future from his discretionary income, then he can benefit from Bitcoin by creating a large portfolio of Bitcoin at one stage. If investing in Bitcoin from a young age can be brought to the forefront, then it is easy for him to get financial independence in the future.

It seems that guys can try to figure out how to invest time, energy and money into bitcoin, so not just investing money into bitcoin.

Another thing is that guys sometimes get locked into shitty paying jobs, so sometimes they might need to spend some money (and/or time and energies) in order to put themselves in a place to be able to make better money.  These are not easy choices, and the answers are not obvious since they likely take some efforts from the involved person and also sometimes based on a variety of preferences and the potential to build on already existing skills and characteristics.

Our energies are high while we are in our 20s or 30s and that's the time when we must not stick with our monthly salary (if it's not adequate). One must go for extra work to generate extra income that we can use for investing in Bitcoin. Also if it becomes our habit in early age to work hard then we carry that with us as we grow. Inflation and low salary should not be an excuse, we have other options to increase our earnings.  These days inflation has gone up and people are finding it hard to live with monthly, it's essential for everyone of us to find some extra work to invest in Bitcoin. 

I get your point but I think these is even those who are in countries that even have jobs and offer free time or even pay hourly for a job, but for a country like mine  where even a graduate finds it very difficult to find a job talk more of a non graduate, then you’ll understand that, inflation and low income is a major excuse but not withstanding all of these, I also do agree with you that, the 20s and 30s are supposed to be an age of exploring and taking some calculated financial risk  but that doesn’t mean that we should at such ages life is supposed to be easy because I know of people who barely see what to eat even people above such age.

Most times I don’t have to judge or do a hasty generalization on people especially if I don’t get to know what they might be going through personally and at some point, I believe everyone who knows  about bitcoin and believes in it should want to invest and even hold it for long as possible but trust me, a good number of them are not holding it for several reasons and we do not have to blame them totally for it, especially if we don’t know what they might be going through.

If you cannot generate enough discretionary income to be able to invest in bitcoin for 4-10 years or longer, then you probably should not be investing into bitcoin until you are able to figure out how to accomplish such.

If you never get to a point of being able to generate discretionary income, then you are not eligible to invest into bitcoin, since you need a 4-10 year or longer time horizon. .. otherwise if you buy bitcoin with a less than 4 year time horizon you are trading and/or gambling rather than investing, which may or may not work out for you.  I don't recommend trading/gambling with bitcoin... even though some people will do that with their coming to bitcoin with less than a 4 year time horizon.

[edited out]

But it's also sort of bad, and sad, that there will be other plebs like us that will be forced to sell because of difficult life-conditions. Maybe the BitcoinTalk admins should encourage/incentivize plebs to trade their coins with other plebs in "Currency Exchange", https://bitcointalk.org/index.php?board=53.0
 
Plebs will sell to fellow plebs/HODLers instead of selling their coins in an exchange where the billionaires are waiting.

Holy fuck, Wind_FURY.

Why does it matter how you sell your bitcoin?  If you are selling then you are selling.

[Derekfunds]

I think age shouldn’t be very detrimental to our plans of investing in Bitcoin or trying to have more cashflow, because whatever our differences might be that shouldn’t be a discouragement for not buying and investing in Bitcoin, what is really important should be having a discretionary income that we can start investing in Bitcoin and also trying to have other necessary means of sustainability in our Bitcoin investment, I think as long as we’re alive we do pay bills and take care of our expenses, and expenses and bills have nothing to do with age, and I think that is enough reason why we can start investing as long as we have a discretionary income, and you can still try to increase our cashflow by having other source of income which can also help increase the discretionary income, 20s and 30s can just be a benchmark for having energy to have other different cashflow, there are people who are in their 50s and 60s that have multiple source of income, and are the mostly the once doing absolutely tremendous in their bitcoin investments and even have a better Bitcoin portfolio.

And talking about salaries which I know it’s quite important, but it’s more understandable that we’re buying bitcoin as much as we have a discretionary income which would be more safe for us.

Age itself does not stop anyone from investing in Bitcoin or from building more cash flow. What really matters is whether someone has discretionary income and the discipline to keep stacking without touching it for everyday bills. As you said, expenses will always be there no matter our age, so the real solution is having other income streams to support those expenses. That way, whatever goes into Bitcoin remains long term. Salaries or main income can serve as the foundation, but multiple income sources give extra room to increase discretionary income and keep the investment secure.

Bitcoin investment has nothing to do with hard work, such as skilled or unskilled labour, so I totally agree with you that age is not a barrier for anyone who has the desire to invest in Bitcoin. What you need to invest in Bitcoin is a steady source of income that guarantees you a discretionary income that will allow you to invest in Bitcoin, so if you are sure of this as someone who desired to invest in Bitcoin, you are in the right state to invest in Bitcoin, and age will not stop you from doing that because you can be in your toilet or going for business trip and still buy Bitcoin shamelessly and it will not stop you from carrying out your daily activities.

I disagree with you on this dude, because you can only get a source of income through hard work and you can still maintain this source of income through hard work so if you are not hard working then forget about Bitcoin investment because you can not hold for long. And secondly age can be a barrier to some extent, the way a young man will work hard to maintain their investment an aged person let me say 75-80 years can not  because there body will be weak and there thinking will also change  so age can be a barrier sometimes. It is good to start investing when you are still of age so before this time you would have gotten to your overaccumulation stage.

[Wind_FURY]

 👀
The billionaires, the public companies, and the professional asset managers currently holds 12.3% of ALL Bitcoin. That's not including the supply that nation-states have started to HODL in their vaults.

Don't sell your Bitcoin at the current "cheap" price levels. Keep accumulating, if you want to see, then sell when it's at a seven digit valuation per coin OR when it's equal to or more than the total market value of Gold.

You make a good point about accumulating bitcoin, yet I am not sure what you point about selling is?

What are you selling your bitcoin for?

From your perspective, Wind_FURY, what are you going to buy with your bitcoin when you sell it at those supra $1 million prices?

By the time bitcoin reaches $1 million, we probably won't have very high world adoption, and some guys are going to have had accumulated less than 0.1 BTC or maybe they were able to get up to somewhere between 0.25 BTC to 0.5 BTC, and you want them to sell?

Maybe we should focus on accumulating, first?

 

Did I say I want them to sell?

Although we encourage HODLing, we can't actually force people to be actual HODLers because life-conditions of each individual is different, OR, the plan of each individual is different. But the point is, if people are selling now - STOP. They're merely doing what the billionaires want them to do.

IF indeed an individual has a "take profit target", then in my personal OPINION, wait for a seven digit price valuation OR when Bitcoin surges above Gold's total market value.

[Umulala-alala]

True, an emergency fund is what separates a smart investor from someone just gambling with their future, because if you don’t have that backup then any small issue in life will push you to sell your Bitcoin at the wrong time, and that completely will destroy the whole idea of holding long term..

To protect your Bitcoin holdings from future dangers, it is important to have an emergency fund. The more Bitcoin you invest, the more security you need. Your emergency fund and your stable income are the most important as security. If you have a mirror, you will not be able to move forward with your Bitcoin investment, so if you are involved in Bitcoin investment, you must have a stable source of income.
Currently, many people are holding Bitcoins, but due to their lack of strategy, they face dangers with their Bitcoin holdings. Therefore, it is very important to know some strategies so that they are not in danger, an emergency fund will keep your Bitcoin holdings stable from any danger.

Must you even wait to have a stable source of income before you start investing in bitcoin? For me it's NO even when your income is not stable you can still get started with your bitcoin investment as long as you have been able to find out which is your discretionary income for there is nothing on earth that is built at ones, you can be buying your bitcoin and still be finding a way to strengthen your finance so you can get that stable income in your mind by then you might have gone far with your bitcoin accumulation process instead of waiting too long to get a steady or stable source of income as you may have it.

[Zackz5000]

I agree with you that investors need to have source of income before they can approach the market to buy bitcoin in the dip which is a good idea, make sure you use what you can afford to lose in bitcoin whenever you want to buy bitcoin and it will help you to focus on a long holding that will make you to earn good income from your holding, bitcoin is different from other business you can start today and start seeing instant result because there are some bearish season you will encounter in the process of holding bitcoin without be move to release your bitcoin no matter the challenge surrounding you because you have other source of income you can use to solve those challenges, but if you don't have such sources of income you will not overcome such challenges, this is the reason why is good to have source of income before going into long term holding.

This could be misleading and could send the wrong impression to mostly new investors to get panicked after investing in Bitcoin, Bitcoin investment is not a get rich quick investment that you will invest today and start seeing instant result you need to give a proper guild line to people who are interested to invest

The Bitcoin market is volatile it might get dip after you start investing but don't panic just keep accumulating and HODL, Bitcoin investment shouldn't be for a short time gain and also to be successful in Bitcoin is not guaranteed so don't expect to get instant result from Bitcoin investment your target should be to accumulate and hodl for 4-10 years.

[CageMabok]

.....

To protect your Bitcoin holdings from future dangers, it is important to have an emergency fund. The more Bitcoin you invest, the more security you need. Your emergency fund and your stable income are the most important as security. If you have a mirror, you will not be able to move forward with your Bitcoin investment, so if you are involved in Bitcoin investment, you must have a stable source of income.
Currently, many people are holding Bitcoins, but due to their lack of strategy, they face dangers with their Bitcoin holdings. Therefore, it is very important to know some strategies so that they are not in danger, an emergency fund will keep your Bitcoin holdings stable from any danger.

An emergency fund and a stable income can be a significant defense for investors who want to continue investing in Bitcoin. This not only keeps their Bitcoin safe but also improves the long-term performance of their Bitcoin investments. However, other options are also essential, such as a hardware wallet and maintaining it at an exceptional level. Bitcoin investors are now on the rise. From this, we can all conclude that the number of Bitcoin enthusiasts and holders is increasing because they have realized that Bitcoin is indeed a very suitable long-term investment. And those of us who have already realized this, of course, must not deviate from the long-term investment path because we are on the right track as investors seeking future financial freedom.

[Jostern]

I agree with you that investors need to have source of income before they can approach the market to buy bitcoin in the dip which is a good idea, make sure you use what you can afford to lose in bitcoin whenever you want to buy bitcoin and it will help you to focus on a long holding that will make you to earn good income from your holding, bitcoin is different from other business you can start today and start seeing instant result because there are some bearish season you will encounter in the process of holding bitcoin without be move to release your bitcoin no matter the challenge surrounding you because you have other source of income you can use to solve those challenges, but if you don't have such sources of income you will not overcome such challenges, this is the reason why is good to have source of income before going into long term holding.

How on earth is it possible to start investing today, and you start seeing instant results immediately, and I think at some point it’s quite alarming how people who are starting to invest in bitcoin would actually feel considering that you’re letting them know they could have start seeing instant results and they end up not having that much results, that could be misleading and discouraging, the most crucial part is just letting we plebs and newbie how to make investment decisions by staying consistent and having a strategy that makes us comfortable to keep buying and accumulating Bitcoin.

You don’t really require different sources of income to invest in bitcoin and definitely we need a discretionary income, but you could do with other cashflow to increase your discretionary income, probably increase your level of accumulation.

[MainIbem]

Did I say I want them to sell?

Although we encourage HODLing, we can't actually force people to be actual HODLers because life-conditions of each individual is different, OR, the plan of each individual is different. But the point is, if people are selling now - STOP. They're merely doing what the billionaires want them to do.

IF indeed an individual has a "take profit target", then in my personal OPINION, wait for a seven digit price valuation OR when Bitcoin surges above Gold's total market value.

So are you indirectly saying they should fall into the billionaires bait or what, I think that at this point people with lesser amount of Bitcoin should be encouraged to keep accumulating and holding instead of directing their attention towards selling even though you're trying to say that they could sell in future probably when Bitcoin reaches 7 figures but selling shouldn't be their priority at this point, their major target should be continues accumulation and to keep holding and not otherwise since they're still starters, some of these newbies are weak hands they, need motivation and encouragement to keep pushing and any form of misinformation could make them do otherwise, let's be guided please.

[amihada]

I agree with you that investors need to have source of income before they can approach the market to buy bitcoin in the dip which is a good idea, make sure you use what you can afford to lose in bitcoin whenever you want to buy bitcoin and it will help you to focus on a long holding that will make you to earn good income from your holding, bitcoin is different from other business you can start today and start seeing instant result because there are some bearish season you will encounter in the process of holding bitcoin without be move to release your bitcoin no matter the challenge surrounding you because you have other source of income you can use to solve those challenges, but if you don't have such sources of income you will not overcome such challenges, this is the reason why is good to have source of income before going into long term holding.

This could be misleading and could send the wrong impression to mostly new investors to get panicked after investing in Bitcoin, Bitcoin investment is not a get rich quick investment that you will invest today and start seeing instant result you need to give a proper guild line to people who are interested to invest

The Bitcoin market is volatile it might get dip after you start investing but don't panic just keep accumulating and HODL, Bitcoin investment shouldn't be for a short time gain and also to be successful in Bitcoin is not guaranteed so don't expect to get instant result from Bitcoin investment your target should be to accumulate and hodl for 4-10 years.

That's right, a clear argument is needed so as not to appear to mislead investors who have just started investing in Bitcoin. It is important to note that Bitcoin is not a get-rich-quick scheme as its price fluctuates constantly. So, Investors must be more careful in investing based on a good understanding of the risks and potential profits, they must stay away from temptations or promises of quick profits without understanding the risks contained therein.

Understanding blockchain technology and how Bitcoin works is crucial for novice investors to avoid making the wrong choice. They also need to make measured investments to avoid panicking when the price drops and to consider long-term investments rather than seeking quick profits.

[Bd officer]

This could be misleading and could send the wrong impression to mostly new investors to get panicked after investing in Bitcoin, Bitcoin investment is not a get rich quick investment that you will invest today and start seeing instant result you need to give a proper guild line to people who are interested to invest

The Bitcoin market is volatile it might get dip after you start investing but don't panic just keep accumulating and HODL, Bitcoin investment shouldn't be for a short time gain and also to be successful in Bitcoin is not guaranteed so don't expect to get instant result from Bitcoin investment your target should be to accumulate and hodl for 4-10 years.

You are right, investing in Bitcoin will not give instant results, long-term holding is required to get good results. Such advice will definitely create panic among beginners, so proper advice should be given. Bitcoin is volatile, so after someone buys Bitcoin, the market may be a little dumping or pumping a little. So in the beginning of investing, you should only focus on accumulating Bitcoin, there is no need to look at the market to see if there is a profit or loss, just focus on buying and holding. You should think about taking profit after 8 to 10 years. Before investing in Bitcoin, you should definitely make a long-term plan, if you do not have a long-term plan, then you will not be able to profit by investing in Bitcoin.