Buy the DIP, and HODL!

[justinlamode]

it is wrong to invest in bitcoin using emergency funds. There are times some people may think that they can be able to replace there emergency funds before an emergent situation, however no one can tell when an emergency will occur I believe that's the reason behind the name emergency funds. Using it for other purposes other than the purpose it is meant for is a very big mistake and I do wonder while some people will make the mistake of using there emergency funds to invest instead of there discretionary income.

Investment is important for us, but creating an emergency fund is not important for us. If the matter is such that we try to create an emergency fund to make continuous investments or to ensure continuity of investment, but while creating this emergency fund, our investment is hindered, then that emergency fund works against our investment. Investing by creating an emergency fund is a much later matter, those who have a lot of income can think about this issue, but those who have a limited income and have a little money left to spend on their family do not actually have any opportunity to create an emergency fund and when they are motivated to invest and when emergency funds are discussed with them, they are confused that if they cannot create an emergency fund, they will not be able to hire consistently, which will have a bad effect on their investment. Those who are investors should focus only on investment, try to expand your income to make your investment continuous. When your income expands, your investment will already be continuous, so there will be no need to create an emergency fund.

You are mistaken emergency fund for something else and your analysis is problematic and misleading! Both emergency fund and investment funds are calculated from the discretionary income of the investor so they are not in conflict. After making your investment, you will need to set up your emergency funds which is the money that you will lay hands on should there be any emergency during the course of your investment. If you make investment in Bitcoin without emergency fund, you have increased the probability of selling your Bitcoin when you have issues you did not plan for, something the emergency fund is supposed to take care of. In other words, if you don't set up funds for such emergencies, you will obviously sell your Bitcoin to settle that issue since it is an emergency that must be attended to.

[LeyMonte]

I find it difficult to comprehend everything you have said here but if i may get you correctly you are trying to say that one can invest his emergency fund which is a very wrong way to invest, if you use up your emergency funds to invest then when you have money matters that requires urgency how will you get money to attend to it, are you going to sell part of your holding to sort it out? it is totally a very wrong idea to invest your emergency funds because it must remain in fiat so that anything money issues that requires immediate attention like health issues, you will use that money that you have set aside in case of urgency to manage such situation. Never you go with the idea of investing your emergency funds along if not you will end up selling your bitcoins too soon when urgent needs arise.

The two points you have highlighted are indeed accurate. In fact, our emergency fund should not be used for any investment purposes. When the emergency fund is used for investment, if we later need money for an emergency and do not have it in hand, we will have to invest and sell the bitcoins that were in the holding. For this reason, I also never use the emergency fund for investment as it is best to reserve it for unexpected emergencies that may arise in our daily lives.

[Ruttoshi]

Investment is important for us, but creating an emergency fund is not important for us. If the matter is such that we try to create an emergency fund to make continuous investments or to ensure continuity of investment, but while creating this emergency fund, our investment is hindered, then that emergency fund works against our investment.

A long term bitcoin investor needs to create an emergency funds the moment he has started his bitcoin investment, it does not matter how long it will take him to build his emergency funds of three months of his expenses along aside with his bitcoin investment. What matters is that he should see his emergency funds as his second priority because it's a backup funds to his bitcoin investment in order for him not to sell prematurely if he is hit with real life emergency.

There is no way that your emergency funds will work against your bitcoin investment rather, it will protect your bitcoin investment from whatever unforeseen circumstances that will thwart with your bitcoin investment from growing overtime.

when they are motivated to invest and when emergency funds are discussed with them, they are confused that if they cannot create an emergency fund, they will not be able to hire consistently, which will have a bad effect on their investment.

You don't invest consistently with your emergency funds but your discretionary income. Secondly, you don't need to set up an emergency funds before starting your Bitcoin investment, you need to start yoir bitcoin first with your discretionary income and share it into two part. One part to be building your bitcoin portfolio through DCA weekly and the other part to build your emergency simultaneously with your bitcoin investment.

Those who are investors should focus only on investment, try to expand your income to make your investment continuous.

This is a misleading statement and newbies can fall for it which is wrong. Any long term bitcoin investor that did not bother to set up his emergency funds and only want to focus on building his bitcoin investment is only gambling and not investing because you will get burned. When your emergency funds of at least three months of your monthly expenses is set, you will have the flexibility to tweak into various accumulating strategy and invest aggressively with peace of mind when you have expanded your income.

When your income expands, your investment will already be continuous, so there will be no need to create an emergency fund.

Not true that's a poor financial management. Your income has expanded does not mean that your discretionary income from your new income is up to three months of your monthly expenses excluding the one that you will use to DCA for that month. Only the rich can say that they don't need emergency funds because they have other investments or business which they can tap funds from when a real life emergency occurs without looking at their bitcoin investment.

[Wind_FURY]

Then the one who bought earlier may suffer a loss.
 

Buy again the next DIPs, and HODL!

suppose I waited 6 months to buy DIP. Then the price increased to 175k. If it drops again to 125k and if it is considered DIP.

Bro, your considerations need to be refined like institutional investors, determine a more reasonable percentage dump as DIP. You deal with bitcoin, not those bullshits.

I believe that plebs should accept the fact that even a DIP from $120,000 to $110,000 - $115,000 is good enough considering that we are in a bull phase of the market. It would truly be stupid to expect a bear market sort of DIP right now.

¯\_(ツ)_/¯

That DIP, even if it was "small", STILL will still make plebs like us buy MORE units of Bitcoin for the same amount of fiat.

 

[avp2306]

it is wrong to invest in bitcoin using emergency funds. There are times some people may think that they can be able to replace there emergency funds before an emergent situation, however no one can tell when an emergency will occur I believe that's the reason behind the name emergency funds. Using it for other purposes other than the purpose it is meant for is a very big mistake and I do wonder while some people will make the mistake of using there emergency funds to invest instead of there discretionary income.

Investment is important for us, but creating an emergency fund is not important for us. If the matter is such that we try to create an emergency fund to make continuous investments or to ensure continuity of investment, but while creating this emergency fund, our investment is hindered, then that emergency fund works against our investment. Investing by creating an emergency fund is a much later matter, those who have a lot of income can think about this issue, but those who have a limited income and have a little money left to spend on their family do not actually have any opportunity to create an emergency fund and when they are motivated to invest and when emergency funds are discussed with them, they are confused that if they cannot create an emergency fund, they will not be able to hire consistently, which will have a bad effect on their investment. Those who are investors should focus only on investment, try to expand your income to make your investment continuous. When your income expands, your investment will already be continuous, so there will be no need to create an emergency fund.

You are mistaken emergency fund for something else and your analysis is problematic and misleading! Both emergency fund and investment funds are calculated from the discretionary income of the investor so they are not in conflict. After making your investment, you will need to set up your emergency funds which is the money that you will lay hands on should there be any emergency during the course of your investment. If you make investment in Bitcoin without emergency fund, you have increased the probability of selling your Bitcoin when you have issues you did not plan for, something the emergency fund is supposed to take care of. In other words, if you don't set up funds for such emergencies, you will obviously sell your Bitcoin to settle that issue since it is an emergency that must be attended to.

Dang I don't know on where that statement came from that creating emergency funds is hindered on their investments. While in fact its essential when we are going to invest on risky assets like Bitcoin. We don't know what future will come unto us and it will be so good if we have emergency funds to rely on so we can secure our selves from future problems that may came.

They should pay good attention to both since if it happens that they are only focusing on their investment there's a chance that they might collapsed, especially if there are unforeseen big problems will occur.

That's why as early as now people need to consider to have this. Setting up minimum 3 months up to 12 months is fine and they provably make their selves secure for any future problems.

[Jostern]

Being aggressive in your Bitcoin accumulation is not a bad thing if you ask me, it's a very good practice that will make your stash of Bitcoin grow faster especially if you are still lagging behind in your accumulation journey, but it should be done within the confinement of your discretionary income, so that you wouldn't have problems.

Investment in bitcoin is a good decision but how you do this will decide your investment result.

I really disagree with Aggressive Bitcoin Accumulation because this saying can trigger people to FOMO that is not good at all. Saying is just saying but with different words, we can stimulate people action differently so I would like to be carefully with our advice to newbies in this market. They must start with right mind about the market, risk and chance, how to accumulate bitcoin safely without FOMO.

I absolutely don’t think there is anything wrong with being aggressive in terms of accumulating bitcoin, if we’re being aggressive with passive carefulness, and cautious, and also knows our limit in terms of our level of aggressiveness, so we can be aggressive with buying Bitcoin consistently on a regular basis.

Because our goals is to buy Bitcoin and stack Bitcoin as much as we can, considering that guys who have intentions of holding Bitcoin for one circle, and would rather want to buy more with different cashflow which could provide opportunities for more discretionary income to be more aggressive in terms of buying Bitcoin.

So I think being aggressive with caution is quite good and makes a lot of sense for buying and accumulating Bitcoin, as a newbie who wants buy Bitcoin aggressively if you think you can buy Bitcoin and knowing your limit that is quite good, because it’s healthy for our Bitcoin accumulation journey.

[Muba20]

That DIP, even if it was "small", STILL will still make plebs like us buy MORE units of Bitcoin for the same amount of fiat.

A small correction in the Bitcoin price plays an important role in keeping the market normal and if this correction can be considered as a dip, then the investor can profit by buying in this situation. This is the biggest opportunity for small investors to buy from the dip. Most of the time, it is seen that those who are waiting for a big dip are rather wasting their buying opportunity. When the investor tries to accumulate Bitcoin by considering small declines as dips, then his Bitcoin will increase. When investors can accept dips as normal, only then can it be assumed that they are prudent investors. Accumulating Bitcoin without panicking over a small bullish or bearish is the most prudent decision.

[Joy- maker]

Investment is important for us, but creating an emergency fund is not important for us. If the matter is such that we try to create an emergency fund to make continuous investments or to ensure continuity of investment, but while creating this emergency fund, our investment is hindered, then that emergency fund works against our investment. Investing by creating an emergency fund is a much later matter, those who have a lot of income can think about this issue, but those who have a limited income and have a little money left to spend on their family do not actually have any opportunity to create an emergency fund and when they are motivated to invest and when emergency funds are discussed with them, they are confused that if they cannot create an emergency fund, they will not be able to hire consistently, which will have a bad effect on their investment. Those who are investors should focus only on investment, try to expand your income to make your investment continuous. When your income expands, your investment will already be continuous, so there will be no need to create an emergency fund.

buddy sincerely speaking this your comment above is just bunch of confusion, and am still trying my best to figure out how you came about this bunch of confusion of yours to confuse newbies. And let put to you that The same way investing in bitcoin is important to us is same way setting up emergency fund is also important to us to avoid tempering with our bitcoin investment on the long run when emergencies arises, since there will be emergency fund to handle those emergencies. Building an emergency fund is very simple, because the funds you will be using to build your emergency fund will be coming from your leftover money (discretionary income) and not from the money meant for settling your basic needs and expenses. So when ever you map out your discretionary income after you must have settled your basic needs and expenses, you allocate 50 percent of your Discretionary income to bitcoin and then allocate 30 percent to your emergency fund and then allocate 20 percent to your back up and you good. So stop confusing people here with this type of comment of yours.

[Platinumys]

[=laspol65 link=topic=5132720.msg65867366#msg65867366 date=1759312581]
 
Investing with your emergency fund is not a total bad idea at all because after you have might paid all your bills and the money remaining becomes your discretionary income and inside that your discretionary income you can still generate out your emergency fund and started investing in the last 6 months and think you to invest using your emergency fund so that it multiple more income since you are not using it at the main time, you can invest with the emergency fund and tage it emergency fund which means it can be pull out if incase of unforeseen circumstances that might happen, so the reason why we should invest emergency fund is to back your really investment incase of anything, so you can decide on what to do with your emergency fund as per dividual convenient or best know to you, if actually you needed your emergency to in cash but left with me, i will say that once you progress with your Bitcoin portfolio that there are always a need to invest to have emergency fund.


While am struggling to really understand your point the fact is that it is wrong to invest with your emergency funds and there is no smartness in doing this at all it is called an emergency funds for a reason which means it has to be ready for the real reason of it's purpose, you sound as if you know when emergency will happen, nobody knows when this will happen and the level to which it will happen investing it is risky and it is not a good thing to do and is a total bad idea and advice if you ask me.

it is wrong to invest in bitcoin using emergency funds. There are times some people may think that they can be able to replace there emergency funds before an emergent situation, however no one can tell when an emergency will occur I believe that's the reason behind the name emergency funds. Using it for other purposes other than the purpose it is meant for is a very big mistake and I do wonder while some people will make the mistake of using there emergency funds to invest instead of there discretionary income.

Investing with an emergency fund means throwing away the financial safety net for unexpected times and therefore when you do not have an emergency fund and you face an emergency, then your financial situation will be more very bad. No one knows when you will suddenly need money for medical treatment, accident or any other emergency, so using emergency fund for investment is a big risk, as a result, it will become very difficult to handle unexpected situations, due to which you may have to face more losses. So you have to be careful, do not have an unrealistic mindset towards investment, here you have to invest carefully considering the ability, so that you do not have to decide to sell your holdings in a bad situation.

Before advising other investors about investing in Bitcoin, you need to share some information so that the information you share seems correct to all investors, which makes them interested in investing. Now you just said that I advise new investors to invest and hold this investment for a long time, but with this one word alone, new investors will not be confident in investing. You can discuss the positive aspects of investing in Bitcoin to attract the attention of new investors, you can discuss how to invest consistently, as well as how you are investing and how practically you have implemented continuous investment. Then others will be inspired by your discussion and show interest in investing. Many people have money to invest but they do not know where to start investing, so if you had shared all this and if you had said that invest in Bitcoin and hold it, then those who are new would definitely have followed your instructions.
‎

[BTC_pokaop]

Investment is important for us, but creating an emergency fund is not important for us. If the matter is such that we try to create an emergency fund to make continuous investments or to ensure continuity of investment, but while creating this emergency fund, our investment is hindered, then that emergency fund works against our investment. Investing by creating an emergency fund is a much later matter, those who have a lot of income can think about this issue, but those who have a limited income and have a little money left to spend on their family do not actually have any opportunity to create an emergency fund and when they are motivated to invest and when emergency funds are discussed with them, they are confused that if they cannot create an emergency fund, they will not be able to hire consistently, which will have a bad effect on their investment. Those who are investors should focus only on investment, try to expand your income to make your investment continuous. When your income expands, your investment will already be continuous, so there will be no need to create an emergency fund.

To be honest, it is very important for everyone to save an emergency fund. Whether one invests in Bitcoin or not, but it is very important to have an emergency fund. Do you think that those who do not invest in Bitcoin do not save an emergency fund? Of course, those who are wise do save an emergency fund. Now if you do not have money to save an emergency fund, then I think you will not have money to invest either.

An emergency fund is kept to deal with emergencies, but you said that an emergency fund is not important, which is wrong. It may also happen that if you fall ill, if all your money is invested in Bitcoin or in other sectors, where will you get the money to get treatment? Then you may need to sell your investment. So you need to plan your finances properly, if you plan incorrectly, it can lead to more losses.
Now, do you have to keep a lot of money in an emergency fund? No, you can slowly deposit 5% of your monthly income, which will become a very large amount after a few months.

[Silverstonez]

I find it difficult to comprehend everything you have said here but if i may get you correctly you are trying to say that one can invest his emergency fund which is a very wrong way to invest, if you use up your emergency funds to invest then when you have money matters that requires urgency how will you get money to attend to it, are you going to sell part of your holding to sort it out? it is totally a very wrong idea to invest your emergency funds because it must remain in fiat so that anything money issues that requires immediate attention like health issues, you will use that money that you have set aside in case of urgency to manage such situation. Never you go with the idea of investing your emergency funds along if not you will end up selling your bitcoins too soon when urgent needs arise.

The two points you have highlighted are indeed accurate. In fact, our emergency fund should not be used for any investment purposes. When the emergency fund is used for investment, if we later need money for an emergency and do not have it in hand, we will have to invest and sell the bitcoins that were in the holding. For this reason, I also never use the emergency fund for investment as it is best to reserve it for unexpected emergencies that may arise in our daily lives.

sincerely speaking emergency fund, is not the fund we should be investing in bitcoin, the fund we be investing in bitcoin should be coming from our discretionary income. Because when we invest in bitcoin with our emergency fund and emergencies arise there will be no emergency fund to handle those emergencies which can lead to early selling of our bitcoin investment in lost just to handle emergencies, Let's not invest wrongly in bitcoin and endanger our bitcoin investment over nothing.

[Alonso_]

Then the one who bought earlier may suffer a loss.
 

Buy again the next DIPs, and HODL!

suppose I waited 6 months to buy DIP. Then the price increased to 175k. If it drops again to 125k and if it is considered DIP.

Bro, your considerations need to be refined like institutional investors, determine a more reasonable percentage dump as DIP. You deal with bitcoin, not those bullshits.

I believe that plebs should accept the fact that even a DIP from $120,000 to $110,000 - $115,000 is good enough considering that we are in a bull phase of the market. It would truly be stupid to expect a bear market sort of DIP right now.

¯\_(ツ)_/¯

That DIP, even if it was "small", STILL will still make plebs like us buy MORE units of Bitcoin for the same amount of fiat.

 

My question is @ Wind_Fury do I really have to buy the dip? because you lay more emphasis on buying the dip, Because considering now that we’re at the bull phase of the market, what are you expecting we plebes to do right now wait for the dip ?, because right from the beginning when I started buying bitcoin, I didn’t have the mindset of buying a dip, because I know I can always buy and accumulate bitcoin little by little using the DCA, because you sound like you’re not really interested in buying bitcoin through DCA you’re more interested in buying the dip, and if I may ask again are you really a pleb ?

Because sir JJG would always emphasize on buying bitcoin on a consistent basis not undermining as much as possible that we can buy, with the little income that we have, buying on a consistent and regular basis is more efficient and effective to our portfolio.

[cxtreenal]

I find it difficult to comprehend everything you have said here but if i may get you correctly you are trying to say that one can invest his emergency fund which is a very wrong way to invest, if you use up your emergency funds to invest then when you have money matters that requires urgency how will you get money to attend to it, are you going to sell part of your holding to sort it out? it is totally a very wrong idea to invest your emergency funds because it must remain in fiat so that anything money issues that requires immediate attention like health issues, you will use that money that you have set aside in case of urgency to manage such situation. Never you go with the idea of investing your emergency funds along if not you will end up selling your bitcoins too soon when urgent needs arise.

The two points you have highlighted are indeed accurate. In fact, our emergency fund should not be used for any investment purposes. When the emergency fund is used for investment, if we later need money for an emergency and do not have it in hand, we will have to invest and sell the bitcoins that were in the holding. For this reason, I also never use the emergency fund for investment as it is best to reserve it for unexpected emergencies that may arise in our daily lives.

If the emergency fund size is large, you can use it to buy Bitcoin. Perhaps, if I am not mistaken, the amount of money needed to meet the daily needs of three months of family members should be kept in fiat form. If you have more than this amount of floating cash that you have set aside for emergency needs, you can buy Bitcoin. In the long term investment market the price of Bitcoin will fluctuate and when the price falls, buying more is a sign of a good investor. Some investors may be interested in keeping the emergency fund size for more than three months, just thinking that they keep floating cash so that they can buy more Bitcoin during the dumping. In my opinion the amount of emergency fund should not be more than three months. Outside of that, you should keep floating cash for some small emergency needs. The most important thing is to use the method that you find most convenient for you to keep the long term Bitcoin accumulation process going but an emergency fund is only a great way to keep Bitcoin holdings safe.

[BTC-blaad]

I'm beginning to read a lot of posts now trying to belittle the importance of emergency funds and most of those posters try to justify their personal reasons for encouraging investors to undermine the importance of emergency funds. I hope we all get to the level we wish to attain in bitcoin. In Bitcoin investment, I suppose that anyone engaging in it should understand that greed is not an attribute of a good investor and that the Idea of getting rich quick is a common enemy in bitcoin success journey.

I am beginning to think that it seems most people don't really practice what they preach or either others, for their own reasons, choose to lead other lower investors astray possibly based on competitive approach. Emergency funds is not to be tampered with foe any reason if we all believe that emergency situations don't give notice prior to its occurrence.

Investing with your emergency fund is not a total bad idea at all because after you have might paid all your bills and the money remaining becomes your discretionary income and inside that your discretionary income you can still generate out your emergency fund and started investing in the last 6 months and think you to invest using your emergency fund so that it multiple more income since you are not using it at the main time

This can also be regarded as playing too smart on bitcoin and it's not a very good idea. Most time it does not end well. How do you know that no emergency situation would arise within the period after investing with you emergency funds and/or how sure are you that bitcoin volatility would not affect the invested funds negatively should you intend to sell off in the event of an emergency situation. More so, are you well prepared to incur every loss that may happen to your funds when you sell part in other to tackle an emergency situation that arises after investing your Emergency funds. That someone played smart and succeeded does not imply you would also succeed. So the best any investor can do is to follow a less risky approach in order not to get frustrated out of bitcoin investment.

Yes sure, and also having emergency funds is very important thing as a newbie you have to know about this and invest in Bitcoin wisely not with all your hard earned money, maybe after salary is been paid you need to settle all the bill first, make sure your stock the house with food stuffs and then remove a money aside for emergency then use the remaining to invest in Bitcoin, why I said this is because if there's any emergency tomorrow you don't have to touch your investment because you now have emergency funds to use in settlement of any emergency without touching your investment and you have food in house to eat look healthy and not touching your Bitcoin, with this it enables your investment grow big against the future and it helps you also grow your knowledge in the market and help you save for the future.

[ruykeri]

I find it difficult to comprehend everything you have said here but if i may get you correctly you are trying to say that one can invest his emergency fund which is a very wrong way to invest, if you use up your emergency funds to invest then when you have money matters that requires urgency how will you get money to attend to it, are you going to sell part of your holding to sort it out? it is totally a very wrong idea to invest your emergency funds because it must remain in fiat so that anything money issues that requires immediate attention like health issues, you will use that money that you have set aside in case of urgency to manage such situation. Never you go with the idea of investing your emergency funds along if not you will end up selling your bitcoins too soon when urgent needs arise.

The two points you have highlighted are indeed accurate. In fact, our emergency fund should not be used for any investment purposes. When the emergency fund is used for investment, if we later need money for an emergency and do not have it in hand, we will have to invest and sell the bitcoins that were in the holding. For this reason, I also never use the emergency fund for investment as it is best to reserve it for unexpected emergencies that may arise in our daily lives.

Many people decide to invest from their emergency fund. The reason for this seems to me to be that the emergency fund remains as a reserve for years. It is seen that many people have a regular income flow. They have been investing for 2-3 years and have never touched the emergency fund for any reason. That is why many people decide to invest from that money. But in fact, emergency moments never arise frequently. That is why it is seen that emergency funds remain unused for many years. Many times, it is seen that the price of Bitcoin decreases relatively a lot, then basically investors think of buying a large amount of Bitcoin by taking money from the emergency fund, but it turns out that he bought Bitcoin with the entire money from the emergency fund, but just a few days later he faced a very big financial problem, then he will not be able to raise money to solve that problem and he will be forced to sell Bitcoin again. Therefore, one should never invest money from an emergency fund, as this may cause problems for long-term investors in the future.

[ejikeme24]

Those who are investors should focus only on investment, try to expand your income to make your investment continuous. When your income expands, your investment will already be continuous, so there will be no need to create an emergency fund.

 You seems to have forgotten the role of emergency fund during your accumulating journey, let's assume that you have not yet started the accumulation journey that is why you're proclaiming that having emergency fund is not important. But I still want to disagree with you on that Because your emergency fund is what will guide you throughout your accumulation journey, talking about expanding your income what level did you think you will expand your income that it will be enough for you to Carry out everything? Or did you think that those expert that brings the idea of setting up emergency funds during your accumulation journey doesn't know what they're talking about or thier income is not expanded ? Whether your income is expanded or not you need emergency fund because if you don't set aside your emergency fund it means that you're not ready to invest for Long term because there's every possibility of selling your holdings along the line.

[Shineup]

Then the one who bought earlier may suffer a loss.
 

Buy again the next DIPs, and HODL!

suppose I waited 6 months to buy DIP. Then the price increased to 175k. If it drops again to 125k and if it is considered DIP.

Bro, your considerations need to be refined like institutional investors, determine a more reasonable percentage dump as DIP. You deal with bitcoin, not those bullshits.

I believe that plebs should accept the fact that even a DIP from $120,000 to $110,000 - $115,000 is good enough considering that we are in a bull phase of the market. It would truly be stupid to expect a bear market sort of DIP right now.

¯\_(ツ)_/¯

That DIP, even if it was "small", STILL will still make plebs like us buy MORE units of Bitcoin for the same amount of fiat.

 

From my observations there is no time that is good to expect a bear market because I have seen Bitcoin surprising people when having such expectations and why timing the market is very complicated and never a good advice as it will make plebs to miss out on opportunities they would have used to buy Bitcoin, previously when Bitcoin dip to $109,00k, normally there are going to be those in expectant of seeing it dip more but only to see it where it is now, and even where it is now there dip expectations will still be there for most people while it may not end up happening especially when they are expecting it, whenever the dip present itself plebs can take advantage of it rather than expecting it and still on that note the dollar cost averaging strategy can save this stress, that is my view points, does it make sense? Am just curious.

[Mame89]

The two points you have highlighted are indeed accurate. In fact, our emergency fund should not be used for any investment purposes. When the emergency fund is used for investment, if we later need money for an emergency and do not have it in hand, we will have to invest and sell the bitcoins that were in the holding. For this reason, I also never use the emergency fund for investment as it is best to reserve it for unexpected emergencies that may arise in our daily lives.

sincerely speaking emergency fund, is not the fund we should be investing in bitcoin, the fund we be investing in bitcoin should be coming from our discretionary income. Because when we invest in bitcoin with our emergency fund and emergencies arise there will be no emergency fund to handle those emergencies which can lead to early selling of our bitcoin investment in lost just to handle emergencies, Let's not invest wrongly in bitcoin and endanger our bitcoin investment over nothing.

Yes. Emergency funds are important because we don't know what will happen in the future so without them we're forced to sell Bitcoin. However you should also set a limit for your emergency fund savings, as accumulating too much is unprofitable especially at current market prices.

What I'm saying is if your emergency fund has accumulated for the next six months, it's best to stop saving for emergencies in the following months and instead invest in Bitcoin. The more Bitcoin you own, the better it will be for your long term financial freedom. Essentially don't focus solely on your emergency fund, as it won't always be used. So I think diverting some of your emergency funds to investments is a good idea, especially if you already have an emergency fund for the next six months.

[rat03gopoh]

My question is @ Wind_Fury do I really have to buy the dip? because you lay more emphasis on buying the dip,

Nothing will stop you from buying now, tomorrow, or when it's $150k; your money is your decisions. The problem is when "buy the dip," which has proven to be another best accumulation method, is used primarily by institutions, while plebs still believe this method won't allow them to buy Bitcoin earlier. In fact, they expect an unreasonable dip level.

[Bigjoe33]

Then the one who bought earlier may suffer a loss.
 

Buy again the next DIPs, and HODL!

suppose I waited 6 months to buy DIP. Then the price increased to 175k. If it drops again to 125k and if it is considered DIP.

Bro, your considerations need to be refined like institutional investors, determine a more reasonable percentage dump as DIP. You deal with bitcoin, not those bullshits.

I believe that plebs should accept the fact that even a DIP from $120,000 to $110,000 - $115,000 is good enough considering that we are in a bull phase of the market. It would truly be stupid to expect a bear market sort of DIP right now.

¯\_(ツ)_/¯

That DIP, even if it was "small", STILL will still make plebs like us buy MORE units of Bitcoin for the same amount of fiat.

 

My question is @ Wind_Fury do I really have to buy the dip? because you lay more emphasis on buying the dip, Because considering now that we’re at the bull phase of the market, what are you expecting we plebes to do right now wait for the dip ?, because right from the beginning when I started buying bitcoin, I didn’t have the mindset of buying a dip, because I know I can always buy and accumulate bitcoin little by little using the DCA, because you sound like you’re not really interested in buying bitcoin through DCA you’re more interested in buying the dip, and if I may ask again are you really a pleb ?

Because sir JJG would always emphasize on buying bitcoin on a consistent basis not undermining as much as possible that we can buy, with the little income that we have, buying on a consistent and regular basis is more efficient and effective to our portfolio.

Firstly, you don't really need to buy the Dip before you can become a Bitcoin holder, yea. There are other strategies to accumulating Bitcoin which you mentioned the DCA as one of the strategies, buying the lump sum too. However, everyone is entitled to his choice and preferred strategy of accumulation, yea. If someone has choosing buying the dip, or lump sum, so it is to the person. But the DCA strategy makes it more easier for someone who has no much experience in the market and also maybe must have not saved up much or have a solid financial strength to buy the dip or lump sum.

We must not keep waiting for the Dip before starting up our accumulation journey. We would only be delaying ourselves and time Waits for no one. The best time to start your accumulation is yesterday, but if you've missed out on that, then then best time to start is Today, I mean now. You can start with the DCA strategy using your discretionary funds to accumulate Bitcoin. Am sure that with consistent buying in regular basis with a mindset to Hodl for long term, we would be holding something worth of Bitcoin within the next few circles.