Buy Buy Buy or Sell Sell Sell?

[Joeboy]

~snip~

Yes, sickness should not automatically cancel a person's bitcoin plan because if we are being nobody is 100 percent fine forever and this is why emergency funds are not meant to be luxury but funds you keep for protection. Once you are able to secure an emergency funds, sickness will not force you to touch your bitcoin or even start selling at the worse time just to survive.

What I've just said above is like the fundamental plan any investor needs to set to have a successful bitcoin accumulation but reality can hurt such plans especially when you clearly know health is wealth and the health is calling big. If you are seriously ill and need to pause accumulation to focus on treatment, please we should know it is not weakness or lack of seriousness but wisdom. Because we also need to remember bitcoin will still be there even when you recover from your illness but your health is not something you can buy back when you lose it so if it TRULY calls for you to pause or even sell your own bitcoin assets, please go ahead and sell it, treat your self and make sure you buy back immediately when you are fit.

I disagree with you 100% even if you invest money in bitcoins, you can still touch it if you are not feeling good, because if you check around is not every body likes to help any more, peoples haves money in this country but to help is very hard for then, you will see some one in bad condition and they won’t help, is when the person have gone already that’s when they will be regretting, so even if you invest money in your in your bitcoins account you can still touch it when you are not feeling good because no one cares.

This is completely wrong, I doubt if you truly know what volatility is? Volatility means that Bitcoin is constantly fluctuating and what you bought today may not be the price that you sell if you touch your Bitcoin. You may even sell lower than you bought it and  such a loss is final, there isn't a possible recovery of that loss... This is why it is important to always build an emergency funds. It can be done alongside your accumulation, so that when any emergency situation comes up, you can be able to solve it without breaking your accumulation..

[HajiBagi]

You're right. Being sick shouldn't be an excuse people shouldn't accumulate bitcoin. If the investor is seriously sick and is under medical care,then he is allowed to paused his accumulation and focus on his health as attending to his health is a top priority. When the investor has become well,he can decide whether to continue accumulating bitcoin. If an investor is seriously down due to some illness, and he decides to pause his bitcoin accumulation for the time being doesn't mean that the said Investor is not serious about accumulating bitcoin.

Yes, sickness should not automatically cancel a person's bitcoin plan because if we are being nobody is 100 percent fine forever and this is why emergency funds are not meant to be luxury but funds you keep for protection. Once you are able to secure an emergency funds, sickness will not force you to touch your bitcoin or even start selling at the worse time just to survive.

What I've just said above is like the fundamental plan any investor needs to set to have a successful bitcoin accumulation but reality can hurt such plans especially when you clearly know health is wealth and the health is calling big. If you are seriously ill and need to pause accumulation to focus on treatment, please we should know it is not weakness or lack of seriousness but wisdom. Because we also need to remember bitcoin will still be there even when you recover from your illness but your health is not something you can buy back when you lose it so if it TRULY calls for you to pause or even sell your own bitcoin assets, please go ahead and sell it, treat your self and make sure you buy back immediately when you are fit.

You can’t be sick and you are holding bitcoin, that is wrong decision by any investors, but as an investor, if you invest in bitcoin and you don’t have emergency funds you are not a good investor, no one will use all his funds to invest in bitcoin and when he is sick he will not be able to treat himself, before thinking of buying bitcoin, you have to know that bitcoin is a long term investment and you should have a proper plan before thinking of buying bitcoin.

It is a very risky to not have emergency funds when you as an investor, what if the sickness lead to another level, how are you going to do? Because sickness can not be avoided and it will make you touch your bitcoin and the those plans you made for your future are not going to happen, an investor should be prepared to face any challenges by doing the right thing at the right time to make sure they succeed when holding bitcoin for a long period of time.

[Umulala-alala]

You're right. Being sick shouldn't be an excuse people shouldn't accumulate bitcoin. If the investor is seriously sick and is under medical care,then he is allowed to paused his accumulation and focus on his health as attending to his health is a top priority. When the investor has become well,he can decide whether to continue accumulating bitcoin. If an investor is seriously down due to some illness, and he decides to pause his bitcoin accumulation for the time being doesn't mean that the said Investor is not serious about accumulating bitcoin.

Yes, sickness should not automatically cancel a person's bitcoin plan because if we are being nobody is 100 percent fine forever and this is why emergency funds are not meant to be luxury but funds you keep for protection. Once you are able to secure an emergency funds, sickness will not force you to touch your bitcoin or even start selling at the worse time just to survive.

What I've just said above is like the fundamental plan any investor needs to set to have a successful bitcoin accumulation but reality can hurt such plans especially when you clearly know health is wealth and the health is calling big. If you are seriously ill and need to pause accumulation to focus on treatment, please we should know it is not weakness or lack of seriousness but wisdom. Because we also need to remember bitcoin will still be there even when you recover from your illness but your health is not something you can buy back when you lose it so if it TRULY calls for you to pause or even sell your own bitcoin assets, please go ahead and sell it, treat your self and make sure you buy back immediately when you are fit.

I disagree with you 100% even if you invest money in bitcoins, you can still touch it if you are not feeling good, because if you check around is not every body likes to help any more, peoples haves money in this country but to help is very hard for then, you will see some one in bad condition and they won’t help, is when the person have gone already that’s when they will be regretting, so even if you invest money in your in your bitcoins account you can still touch it when you are not feeling good because no one cares.

But I can assure you that if you build a very large emergency funds you will surely solve whatever problems you want to solve without tempering your investment, that’s why many people need to have some savings when you know your worth of income but when the situation come becomes critical, that emergency will end at some point then we need more money by that time we have to arrange money in any way to safe life.

If it requires a matter of life and death and selling some part of your bitcoin accumulation is the only solution there will be no harm selling maybe in a situation were your emergency was unable to solve it, this is the advantage that rich investors always have they already have enough emergency fund to take care of their unexpected misfortune, but as a person who doesn't have enough emergency fund can sell when it involves life and death because i believe that it's when you stay alive that you can buy bitcoin and hodl.

[Davidloki]

Currently as I have learned so far ,I have been informed that in Bitcoin investments that their is no perfect time to buy or to sell ,that if you have money to invest you should invest because the more you are weating for Bitcoin to decrease before you buy that's more time you are wasting,so the perfect time is to invest in to Bitcoin at anytime time ,but do it with your spear money (descretionary income )so that if the investment doesn't go well you can't even regret it,so invest at anytime ,to be at the safer side you can
sell at the top and buy at the bottom.

There is definitely no perfect time to invest in bitcoin, because waiting on the perfect time is like wasting more time. The most important thing to have a plan on your income and once you have been able to take care of your saving, emergency funds, and money to run your daily life, the  money left which is your discretionary income and be used to invest in bitcoin. You can do the consistently by applying the DCA strategy and you will be surprise on how much bitcoin you have accumulated overtime.

[ASloveapg]

~snip~

Yes, sickness should not automatically cancel a person's bitcoin plan because if we are being nobody is 100 percent fine forever and this is why emergency funds are not meant to be luxury but funds you keep for protection. Once you are able to secure an emergency funds, sickness will not force you to touch your bitcoin or even start selling at the worse time just to survive.

What I've just said above is like the fundamental plan any investor needs to set to have a successful bitcoin accumulation but reality can hurt such plans especially when you clearly know health is wealth and the health is calling big. If you are seriously ill and need to pause accumulation to focus on treatment, please we should know it is not weakness or lack of seriousness but wisdom. Because we also need to remember bitcoin will still be there even when you recover from your illness but your health is not something you can buy back when you lose it so if it TRULY calls for you to pause or even sell your own bitcoin assets, please go ahead and sell it, treat your self and make sure you buy back immediately when you are fit.

I disagree with you 100% even if you invest money in bitcoins, you can still touch it if you are not feeling good, because if you check around is not every body likes to help any more, peoples haves money in this country but to help is very hard for then, you will see some one in bad condition and they won’t help, is when the person have gone already that’s when they will be regretting, so even if you invest money in your in your bitcoins account you can still touch it when you are not feeling good because no one cares.

This is completely wrong, I doubt if you truly know what volatility is? Volatility means that Bitcoin is constantly fluctuating and what you bought today may not be the price that you sell if you touch your Bitcoin. You may even sell lower than you bought it and  such a loss is final, there isn't a possible recovery of that loss... This is why it is important to always build an emergency funds. It can be done alongside your accumulation, so that when any emergency situation comes up, you can be able to solve it without breaking your accumulation..

But we need to keep ourselves stable in holding investments with a stronger mentality during such volatility, because volatility is something that will force you to sell your investments, but this is the biggest challenge, those who strengthen themselves during such volatility and can avoid it through their beliefs, then their chances of long-term survival are much better, and in this way they can hold on to their investments consistently, which will definitely lead to success.

[Gost ms]

Currently as I have learned so far ,I have been informed that in Bitcoin investments that their is no perfect time to buy or to sell ,that if you have money to invest you should invest because the more you are weating for Bitcoin to decrease before you buy that's more time you are wasting,so the perfect time is to invest in to Bitcoin at anytime time ,but do it with your spear money (descretionary income )so that if the investment doesn't go well you can't even regret it,so invest at anytime ,to be at the safer side you can
sell at the top and buy at the bottom.

There is definitely no perfect time to invest in bitcoin, because waiting on the perfect time is like wasting more time. The most important thing to have a plan on your income and once you have been able to take care of your saving, emergency funds, and money to run your daily life,  the  money left which isyour discretionary income and be used to invest in bitcoin. You can do the consistently by applying the DCA strategy and you will be surprise on how much bitcoin you have accumulated overtime.

Yes, there is no perfect time to invest. Waiting for the perfect time to invest is a waste of time and missing out on a purchase opportunity in your life.

Emergency fund needs to be built with your discretionary income. It is never a good idea to build an emergency fund with your required money. Because if you build an emergency fund with your required money, then if you need that amount of money, then you may have to take money from the emergency fund. So it is always necessary to build an emergency fund with your discretionary income. An emergency fund is created to deal with your unexpected financial disaster. So if you do not have an emergency fund or do not have money in the emergency fund at the time of your unexpected financial disaster, then you will not be able to deal with the financial disaster.

[Proty]

This is completely wrong, I doubt if you truly know what volatility is? Volatility means that Bitcoin is constantly fluctuating and what you bought today may not be the price that you sell if you touch your Bitcoin. You may even sell lower than you bought it and  such a loss is final, there isn't a possible recovery of that loss... This is why it is important to always build an emergency funds. It can be done alongside your accumulation, so that when any emergency situation comes up, you can be able to solve it without breaking your accumulation..

Yes you quite right. Volatility is one thing that makes bitcoin a high risk asset making it not suitable for short term holding. As result of volatility trading bitcoin is very risky. Yes as a result of volatility the price of bitcoin today may not be the same after some time so whoever that is coming into bitcoin investment with the mindset of making profit may not end up in loss because of the nature of bitcoin.

[Muba20]

It is easy to imagine of an investment with a price of Bitcoin goes up next 5 years but we know 5 years is not a too short waiting time. Especially in situation of leveraging your investment capital with 150% of your annual income, this practice turns to be very risky.

That person need money to spend, and by leveraging 150% of annual income for investment in Bitcoin, that means the person already overspend money for investment while he will need to have money for regular bills and spendings. This greedy and leveraged investment style puts that person's financial status at verge of bankruptcy anytime.

If his income source is broken, his finance will be in big trouble. Another case is if Bitcoin won't go up but go down instead in next several years.

If it's like this of course the tool we have to have is an emergency fund because in those 5 years we use tools for our daily life needs whether we have a family or not. It's certainly a good idea to wait for Bitcoin's price to rise over the next five years, but the question we need to discuss here is whether utilizing the capital from the 150% annual income will be sufficient or whether we need other funds saved.

Spending large sums of money if it doesn't benefit us in what we want to do is certainly better not to because we never know how often in our daily lives there will be bills lurking. People who use their 150% annual income to invest in Bitcoin certainly have other funds set aside for when bills come their way. If they don't have enough they won't be fully invested. In the near term there will certainly be needs that must be met. If not they will immediately sell their Bitcoin to meet their needs without considering long-term investment.

This is something we need to maintain because Bitcoin's price will not continue to rise. If this happens to our finances we will certainly be at great risk as everything depends on our income.

Most of us have the belief that Bitcoin will perform well in the long run. But the problem arises when someone ignores the real needs of life in the hope of possible future gains. The reality for people like us is that the market does not move on our timeline, but rather we move on the timeline of our family responsibilities.
While it is easy to talk about investing 150% of our annual income, it is a little more difficult when that 150% is not surplus capital but money for needs.In my opinion, investing in Bitcoin should be for the future, but living life with the assurance of the present.

It is difficult to predict the rise and fall of the market. No one can say for sure when the market will rise or when there will be a major decline. Money and time are specific and real for everyone's basic needs. Therefore, it is not right to neglect the security of the present by thinking about the possibilities of the future. Investment is healthy only when one invests after fulfilling his needs. 150% investment can create a deficit in debt, necessities or basic expenses for many. Even though investment is for the future, life is based on the present. It is safest and ideal to continue investing while keeping the basic expenses, responsibilities and mental stability of oneself and family intact. The amount is not important, whether one invests 150% or 50%, it is more important whether one is investing after ensuring needs, responsibilities or security from his income. Investing properly does not make anyone financially stuck. Therefore, the way to survive in the long run is to maintain mental stability, arrange a natural pace in life and do proper financial management.

[Derekfunds]

You're right. Being sick shouldn't be an excuse people shouldn't accumulate bitcoin. If the investor is seriously sick and is under medical care,then he is allowed to paused his accumulation and focus on his health as attending to his health is a top priority. When the investor has become well,he can decide whether to continue accumulating bitcoin. If an investor is seriously down due to some illness, and he decides to pause his bitcoin accumulation for the time being doesn't mean that the said Investor is not serious about accumulating bitcoin.

Yes, sickness should not automatically cancel a person's bitcoin plan because if we are being nobody is 100 percent fine forever and this is why emergency funds are not meant to be luxury but funds you keep for protection. Once you are able to secure an emergency funds, sickness will not force you to touch your bitcoin or even start selling at the worse time just to survive.

What I've just said above is like the fundamental plan any investor needs to set to have a successful bitcoin accumulation but reality can hurt such plans especially when you clearly know health is wealth and the health is calling big. If you are seriously ill and need to pause accumulation to focus on treatment, please we should know it is not weakness or lack of seriousness but wisdom. Because we also need to remember bitcoin will still be there even when you recover from your illness but your health is not something you can buy back when you lose it so if it TRULY calls for you to pause or even sell your own bitcoin assets, please go ahead and sell it, treat your self and make sure you buy back immediately when you are fit.

I disagree with you 100% even if you invest money in bitcoins, you can still touch it if you are not feeling good, because if you check around is not every body likes to help any more, peoples haves money in this country but to help is very hard for then, you will see some one in bad condition and they won’t help, is when the person have gone already that’s when they will be regretting, so even if you invest money in your in your bitcoins account you can still touch it when you are not feeling good because no one cares.

You can only touch your investment when you are not prepared and not determined and I think we should try to be positive about whatever thing we are doing I know there are things we can nor run from but regardless we should always stay positive all the time instead of talking about sickness and things that won't affect our investment and sometimes negative vibes can hinder plans and goals and the reason some have not make it in life is because of how they think ( some people are very negative In thought/thinking) and is very bad and can be harmful.

[ejikeme24]

[Edited out]

It's wrong to sell your bitcoin holdings whenever you want, if it's the case of emergency like health challenges which should be our most priorityat that time, you must ensure to make use of your emergency fund but if your emergency fund is not enough then you can tap into your bitcoin investment. Just like you said it'll be a good thing if folks can build their emergency fund alongside their bitcoin accumulation and quicker so they won't  be needing to tap into their bitcoin investment but then, there could also be limitation to why they can't possibly build their emergency fund quicker which could be as a result of their income, improper planning.
Again folks can sometimes get really dramatic and build a mindset that they can possibly go back to their bitcoin accumulation even if it's not worth it, and people who have built such mindset might end up tapping further on their bitcoin accumulation to satisfy other wants they term important. Which is why we need to clearly define what we call emergency situation and not some emotional issues spending issues.

You're right about that, if you read through the post I quoted you would see that he was concerned about selling his holdings when there's emergency need and it turns out that he don't have enough emergency to sort it out that he would definitely tap his holdings so that's the reason why I said he has every right to sell whenever he wished but truly selling our Investment when it is not yet matured is totally wrong but sometimes Life can hit us hard to a point Where the money we saved for emergency will not be enough to solve whatever it is that we would like to solve but instead of going for a lon it is better we sell a little portion from our holdings to solve those challenges maybe after everything we would definitely look for a way to put back the money we collected from our investment.

[Cryptoprincess101]

You can only touch your investment when you are not prepared and not determined and I think we should try to be positive about whatever thing we are doing I know there are things we can nor run from but regardless we should always stay positive all the time instead of talking about sickness and things that won't affect our investment and sometimes negative vibes can hinder plans and goals and the reason some have not make it in life is because of how they think ( some people are very negative In thought/thinking) and is very bad and can be harmful.

No, as you are positive you also have to balance it up with the possibility of negativity because as humans you can't just think that everything will work the way you planned just because you are a positive person. Unforeseen circumstances happen so if you don't prepare your mind ahead you might find yourself in total dismay when such thing happen. Many people who got sick today didn't know that they would find themselves in such situation years back so imagine someone who did not map out plan for such scenario, how can he be able to afford money for treatments. Sickness is justifiable reason why an investor can decide to sell some of his bitcoins because it is a matter of life and death. It is good to be positive, but you should also prepare your mind for worst days.