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Author Topic: JJG’s Outline of Bitcoin Investment Ideas  (Read 76355 times)
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Today at 12:04:33 AM
 #7181

Sometimes it's not just about poor orientation or any of them being misled, but it may be that the newbie investor is doing what I call ITK, which is "I too know" when they knows nothing. Such types of people believe that common sense can help them figure out everything the right way all the time, without knowing that they are just trying to fuck themselves up by applying common sense on everything.

An inform investor knows that Bitcoin accumulation and putting down your backup funds in place is done simultaneously, not by pay more attention to one and neglecting the other.
So are you saying that common sense does not work, even though I agree with you point that both Bitcoin stacking and building a back up funds done at a go, I still think that common sense can apply here as long as it works, I was not expecting anyone to criticize common sense when it comes to anything especially in Bitcoin investment, I'm very sure that you understand why almost everyone here kick against creating an emergency funds before starting Bitcoin investment journey proper, it is not that it is bad, but the reason is that, the energy that will be channeled in having your emergency funds first can as well be channelled to doing the two concurrently which is using one stone to kill two birds, instead of preparing to safeguard what you don't have.
Common sense tells what is right to do and what isn't right to do but to invest in bitcoin what is needed is your discretionary funds and common sense and nothing more than this. Instead creating an emergency funds will hold us not to start investing asap we can start if our discretionary funds is ready and later create an emergency funds along with buying bitcoin, but in a situation where an investor already have their emergency funds at first it's also a win win for such an investor because at end of it all an investor still need an emergency funds to keep their bitcoin investment safe and it will also strengthen them to hold their bitcoin for a long time, while we shouldn't be waiting to start if our discretionary funds is ready but no emergency funds yet.

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