JJG’s Outline of Bitcoin Investment Ideas

[Proty]

Investment without a safety cushion can really turn into gambling but if people think the situation is completely hopeless either while there are definitely interested challenges and rising costs putting pressure on the individual focusing on what's with in one limit still matters a lot building skills managing expenses where possible and gradually creating room to investment if it is little it's not easy especially in rough Time but little consistent steps can still make really big difference over time.

Yes investing in bitcoin without having a backup funds like emergency funds can turn into gambling because if an unforeseen contingency should arise the only place to fall back to will be our bitcoin holdings. Hence there is need for a backup funds that should act as a safety net incase of any unforeseen circumstances should arise as it will always.
Consistent and patients are two great factors in building up a good portfolio in bitcoin. Since we are all aiming to have a reasonable amount of stash in our holdings,it is not possible to accumulate all the bitcoins we plan to have in our holdings a day but by consistently buying bitcoin we will be able to accumulate a reasonable amount of bitcoin over time.

[justinlamode]

The back up funds help to make it possible to not tap into the bitcoin and for the investor to meet his goals... so they likely are building the back up funds as they go in the event that they do not have back up funds prior to getting started with bitcoin.

Very helpful and very important. In my opinion, a reserve fund is one of the things that must be considered, prepared, and never forgotten if someone wants to get involved in Bitcoin accumulation. You've already stated the goal: if something unexpected happens in life that requires you to spend money, your Bitcoin accumulation will remain safe because of the reserve fund; you won't need to sell it.
This strategy or preparation is very helpful for investors in achieving their goal of maximizing long-term profits.

You are right about this because reserve funds are important but there is a little thing I want to add. A Bitcoin investor who do not have the financial muscle for that can still make do with just emergency funds. This is because if we stress the reserve funds too much, those in that income level might think that without reserve funds they cannot start their Bitcoin investment. Hence reserve funds should be  setup when it is possible and it should not deter anyone from starting his Bitcoin journey. Emergency funds, as I have found out is completely indispensable for any long term investor, so it should be out in place as quickly as possible to protect the investment.

[Derekfunds]

The back up funds help to make it possible to not tap into the bitcoin and for the investor to meet his goals... so they likely are building the back up funds as they go in the event that they do not have back up funds prior to getting started with bitcoin.

Very helpful and very important. In my opinion, a reserve fund is one of the things that must be considered, prepared, and never forgotten if someone wants to get involved in Bitcoin accumulation. You've already stated the goal: if something unexpected happens in life that requires you to spend money, your Bitcoin accumulation will remain safe because of the reserve fund; you won't need to sell it.
This strategy or preparation is very helpful for investors in achieving their goal of maximizing long-term profits.

You are right about this because reserve funds are important but there is a little thing I want to add. A Bitcoin investor who do not have the financial muscle for that can still make do with just emergency funds. This is because if we stress the reserve funds too much, those in that income level might think that without reserve funds they cannot start their Bitcoin investment. Hence reserve funds should be  setup when it is possible and it should not deter anyone from starting his Bitcoin journey. Emergency funds, as I have found out is completely indispensable for any long term investor, so it should be out in place as quickly as possible to protect the investment.

I agree with you because the matter of reserve fund can actually make newbie who is yet to know about Bitcoin, channel his or her energy in trying to get a huge reserve funds Instead of their emergency funds. Not that the reserve funds is not good but the most important funds to have as a Bitcoin investor is your discrestionary income and your emergency funds and then back everything up with consistent accumulation with a long term mindset this will be more than enough for an investor to succeed ( get a good portfolio).