Buy Buy Buy or Sell Sell Sell?

[Merit.s]

If your monthly income is stable it's quite easy to implement a DCA strategy to buy Bitcoin without worrying about the right time. The reason is that you always have sufficient capital so you no longer have time to worry about what happens to market conditions, whether they are rising or falling drastically.

I don't know why you're getting it twisted, you don't need a stable income before you can invest into bitcoin and DCA. What you need is your discretionary income and you are good to go. I have seen a lot of people who have stable income but still cannot meet up to their monthly needs how will such people invest.

Someone might win a lottery or a jackpot and decide to invest part of the the money into bitcoin by using DCA. He can invest $100 weekly and spread it over several weeks and keep his bitcoin investment ongoing overtime. Same applies to a contactor whose income isn't stable, the moment he get paid he can use his discretionary income and spread it in several weeks with DCA. Financial management is very important when investing in bitcoin

[ejikeme24]

That said, if you don't have an emergency fund set up, you cannot predict what will happen in the future.

Even if you have your emergency set up yet you can't predict what will happen in the future rather you're prepared to face whatever emergency that may arise in the future, and don't consider yourself to be free from anything that would jeopardize your investment unless your emergency funds is well build up because the level of your emergency funds is what matters, but since we can't measure the amount we would spend in each of the emergency that may arise in the future it is advised to keep saving up for emergency just the same way we are investing in Bitcoin.

The bottom line is that it is possible and even irresponsible to consider investing in Cryptocurrency (or any type of investment) if you do not already have a solid savings plan for yourself and for your family.

Sure, investment has to do with planning. What is the need of investing when there's no solid plans? it is the plan you had that would keep you motivated especially when you're going through hard times, but when guys failed to make plans before getting started, during their hard times they might suspend their investment along the line since there's nothing that would keep them motivated.

[SmartCharpa]

If your monthly income is stable it's quite easy to implement a DCA strategy to buy Bitcoin without worrying about the right time. The reason is that you always have sufficient capital so you no longer have time to worry about what happens to market conditions, whether they are rising or falling drastically.

Even though you do not have a stable source of income, you will be able to invest comfortably in Bitcoin as long as you do not spend more than you can earn. Many people find it difficult to invest due to the fact that their expenses is more than what they earn. Bitcoin investment is not only about how much money you earn, but it also depends on your plan. Some low income earners are still investing in bitcoin and they do not worry about the market, whether it’s rising or falling.

Bitcoin is best approached with "save and forget" style, anything that will not make that happen should be taken care of.

You still brought this up in this thread, it is impossible for someone to invest and forget about it, this is a wrong idea, even though the person does not want to buy anytime. It’s difficult to forget your money somewhere, even though it’s suitable for a long time investment.

[Princess Leah]

If your monthly income is stable it's quite easy to implement a DCA strategy to buy Bitcoin without worrying about the right time. The reason is that you always have sufficient capital so you no longer have time to worry about what happens to market conditions, whether they are rising or falling drastically.

I don't know why you're getting it twisted, you don't need a stable income before you can invest into bitcoin and DCA. What you need is your discretionary income and you are good to go. I have seen a lot of people who have stable income but still cannot meet up to their monthly needs how will such people invest.

Someone might win a lottery or a jackpot and decide to invest part of the the money into bitcoin by using DCA. He can invest $100 weekly and spread it over several weeks and keep his bitcoin investment ongoing overtime. Same applies to a contactor whose income isn't stable, the moment he get paid he can use his discretionary income and spread it in several weeks with DCA. Financial management is very important when investing in bitcoin

Well a stable income is not really necessary for a beginner cause after knowing the basics the person can just decide to buy with the discretionary fund and hold but a stable income is important cause it would help an investor maintain consistency especially for the new investors who missed buying earlier and seriously need to accumulate as much as possible.
 
 Bitcoin is volatile in nature which makes newbies to panic sale when the market tends to go down but a stable income would ensure that an investor maintain consistency through the DCA which serve as a risk management for investors, well it's not very necessary to start but it's important to help an investor maintain consistency.

[Abelly]

Whether it's a buy or sell time depends on your investment goals and risk tolerance. If you're looking for long-term growth, now might be a good time to invest. However, if you're looking for short-term gains, it's essential to monitor market trends and set clear entry and exit points.

Keep in mind that cryptocurrency investments carry risks, and it's crucial to do your own research and consider multiple sources before making decisions.

Would you like more information on Bitcoin's price predictions or investment strategies?

I get your points but I don't agree with you about monitoring the market. Since our major discussion is about bitcoin investment,I don't share the same sentiment with you about trading bitcoin or discussing about it here in the thread.

Using the word cryptocurrency to describe bitcoin is ambiguous, newbies may get confused and may mistakes bitcoin for other shitcoin. It is better to specifically use the term bitcoin when describing bitcoin so that people can understand it is bitcoin your re describing and not mistake it for shitcoins

I understand that you are saying people shouldn't be using the term crypto in this thread as it can be confusing, I'm also new here so I also see how easy it can be to misunderstand a person's intentions when they are not using the right words and terms when describing things that they are talking about.
When talking about bitcoin we should stick to using bitcoin instead of ambiguous terms that can be misleading.

I think it is more rEasOnable to use the word Bitcoin direCtly when Discussing Bitcoin here rather than Using Vague or general, TeRms because it makes the discussion clearer and reduces the Possibility of misInterpretation

[Makus]

I think you are really mixing some things up here Davidloki, the part I bolded out are still part of your discretionary income. You identify your discretionary income As soon as you can remove the money meant for your expenses from your total income, the rest is your discretionary income which you can divide among your buying bitcoin, emergency fund, reserve funds and floating cash.

I will not be wise to share your discretionary income into four parts like you mentioned above. It's good to share it into two parts which is to invest in bitcoin and to build your emergency funds for a start because if you want to divide it into four parts, it means that you're giving your backup funds more priority instead of your bitcoin investment and the funds that will go into your bitcoin investment will be very small.

Your bitcoin investment should be your first priority because it can take more than ten years to reach your bitcoin target but your emergency funds will take limited time to reach at least three months of your monthly expenses before you can channel the money into building your reserve funds.

I agree with you, for a start our discretionary income shouldn't be shared into four part like Sticky Bomb mentioned. Besides floating cash is set aside only when we aren't sure of the price of a need when we want to buy bitcoin. Let's say you received your monthly salary today, and it was fortunate that price dipped significantly, you can decide to remove 95% as floating cash while 5% can be used to buy bitcoin (probably before now his discretionary income is around 25% of his total income). After making your major expenses the remaining amount can be used to fill in as discretionary income, and probably buy more bitcoin and set aside emergency fund.
While reserve funds are usually the excess of our emergency fund, let's say you have successfully saved up 6 month expenses which could take years,if you don't feel like taking aggressive approach to your bitcoin accumulation you could keep it as reserve funds.
However from my explanation, it's quite obvious that all you need to do with your discretionary for a start is to accumulate bitcoin and save up as emergency funds, splitting further will only slow up your bitcoin accumulation and that also means you'll be doing alot of savings in fiat which is exposing yourself to inflation,  and that is not what anyone would want to experience.

[PhilosopherKing]

You're referring to the unpredictability of cryptocurrency markets! It's frustrating when coins drop in value after buying or appreciate after selling. This volatility is normal, especially with Bitcoin, which has seen significant fluctuations.

Currently, Bitcoin's price is around $90,047, and experts predict it may rise to $103,952 by February 2026. Some forecasts even suggest it could reach $150,000 to $200,000 by the end of 2026 .

Whether it's a buy or sell time depends on your investment goals and risk tolerance. If you're looking for long-term growth, now might be a good time to invest. However, if you're looking for short-term gains, it's essential to monitor market trends and set clear entry and exit points.

Keep in mind that cryptocurrency investments carry risks, and it's crucial to do your own research and consider multiple sources before making decisions.

Would you like more information on Bitcoin's price predictions or investment strategies?

What the hell. You don't need all this things man. Do you have a long term plan? Are you currently buying bitcoin? How consistent are you? That should be your concern rather than all this crypto circus, that will only keep you in a single spot.

You can't predict bitcoin, when will you lot ever understand that.

If you cherish protecting your finances, then stay the fuck away from acting like a trader and invest in Bitcoin with the strategy called DCa.

[Alonso_]

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.

This is  where emergency funds comes in , An emergency fund is money you set aside to cover unexpected expenses like medical bills, car repairs, or sudden job loss so you don’t have to rely on credit cards or loans or your bitcoin investment (lol) .

There are many investors at there , their bitcoin investments is playing the role of emergency funds which is wrong . Because you are not following the right principles, normally one should have an emergency funds separate from their investment so that he or she won’t endup slowing that investment down all the name of taken care of unexpected expenses.

You are not wrong but, in a circumstance where an emergency need swallows your emergency funds, you will be left with no option but to sell part of your bitcoin. It is not wrong to sell your bitcoin either to take profits or to use it to settle a need that have overpowered your emergency fund as far as you have reached the target of your accumulation. It's only when you are still in accumulation stages that it will become a bit problematic but if there is need to sell in order to attend to an immediate health issue then it is not a bad decision to sell.

There seems to be confusing idea in your statement, like it’s always been said here emergency funds is very important and Vital with your investments, so talking about the situation that you are making a reference right now, if in a situation that you have an emergency and this emergency have taken all your emergency funds available, where by you need more money to solve this problem or challenge, then you don’t even have to sell part of your bitcoin immediately, you can fall back to your reserved funds, well if in a situation that you have exhausted your emergency funds and reserved funds, Damn you might as well fall back to a Gofund me, fund raising, anyways selling your bitcoin should be the last thing on your mind, you can always have other options that might be of a grate help to you in solving this problem.

[Tonimez]

[Edited out]

There seems to be confusing idea in your statement, like it’s always been said here emergency funds is very important and Vital with your investments, so talking about the situation that you are making a reference right now, if in a situation that you have an emergency and this emergency have taken all your emergency funds available, where by you need more money to solve this problem or challenge, then you don’t even have to sell part of your bitcoin immediately, you can fall back to your reserved funds, well if in a situation that you have exhausted your emergency funds and reserved funds, Damn you might as well fall back to a Gofund me, fund raising, anyways selling your bitcoin should be the last thing on your mind, you can always have other options that might be of a grate help to you in solving this problem.

I think we have to be more realistic when discussing bitcoin investment so that it won't be painted like a taboo or seen as more valuable than life. You were going well with your narrative until you decided to undermine the urgency of a real emergency situation. Yeah sure, in an extreme emergency situation, when you have exhausted your emergency funds, the next fall back should be your backup funds and when exhausted, then your reserved funds.

When every option is exhausted and the situation still persists, you may not be very wrong to dip hands into your bitcoin if that's your last resort. Life is worth more than diamond and bitcoin joined together. Will you embark on opening a gofund account when there's a critical situation that needs immediate attention? Depending on the situation at hand, you may even run a simultaneous gofund account or fund raising while dipping hands into these funds. Fund raising doesn't happen immediately which is why you have to save the situation first before looking back. All you have to ensure is that you have actually exhausted every alternative before dipping hands into your bitcoin.

Borrowing money to spend in order to spare your bitcoin is the same as borrowing money to invest in bitcoin. They can both destroy your bitcoin stash at any point in time which is also another reason you cannot choose borrowing money to save the emergency situation instead of selling your bitcoin. After every trial (Emergency situation) an investor who is really dedicated can still start afresh at least with no extreme financial stress (If your bitcoin was able to handle the extreme emergency situation). Starting afresh for me, will guarantee better bitcoin safety than borrowing money in order to preserve your bitcoin during emergency situations.

[Bigjoe33]

[Edited out]

There seems to be confusing idea in your statement, like it’s always been said here emergency funds is very important and Vital with your investments, so talking about the situation that you are making a reference right now, if in a situation that you have an emergency and this emergency have taken all your emergency funds available, where by you need more money to solve this problem or challenge, then you don’t even have to sell part of your bitcoin immediately, you can fall back to your reserved funds, well if in a situation that you have exhausted your emergency funds and reserved funds, Damn you might as well fall back to a Gofund me, fund raising, anyways selling your bitcoin should be the last thing on your mind, you can always have other options that might be of a grate help to you in solving this problem.

I think we have to be more realistic when discussing bitcoin investment so that it won't be painted like a taboo or seen as more valuable than life. You were going well with your narrative until you decided to undermine the urgency of a real emergency situation. Yeah sure, in an extreme emergency situation, when you have exhausted your emergency funds, the next fall back should be your backup funds and when exhausted, then your reserved funds.

When every option is exhausted and the situation still persists, you may not be very wrong to dip hands into your bitcoin if that's your last resort. Life is worth more than diamond and bitcoin joined together. Will you embark on opening a gofund account when there's a critical situation that needs immediate attention? Depending on the situation at hand, you may even run a simultaneous gofund account or fund raising while dipping hands into these funds. Fund raising doesn't happen immediately which is why you have to save the situation first before looking back. All you have to ensure is that you have actually exhausted every alternative before dipping hands into your bitcoin.

Borrowing money to spend in order to spare your bitcoin is the same as borrowing money to invest in bitcoin. They can both destroy your bitcoin stash at any point in time which is also another reason you cannot choose borrowing money to save the emergency situation instead of selling your bitcoin. After every trial (Emergency situation) an investor who is really dedicated can still start afresh at least with no extreme financial stress (If your bitcoin was able to handle the extreme emergency situation). Starting afresh for me, will guarantee better bitcoin safety than borrowing money in order to preserve your bitcoin during emergency situations.

I would like to support your statements by saying that Bitcoin and/or Bitcoin investment was made for man to enjoy and not man for Bitcoin. I mean, if the Bitcoin we invest and accumulate today cannot save us tomorrow, then of what use is it? I disagree to the fact that I have some Bitcoin saved up, and am having a life threatening situation that requires money, and after exhausting all back up funds and every other funds, and left with me Bitcoin, I should go for GoFundMe or fund raising, nope, I disagree to that. Nothing bad that I dip hands into my investment and save my life, and if I survive, I believe I can start all over again, and offcourse, I should be happy that I had a source(Bitcoin) that saved me.

I don't think borrowing and waiting for people to raise you funds before you get the right treatment is right all because you don't want to touch your stash. I think nothing holds us back from tapping from our investment, at least, live before Bitcoin

[Joeboy]

If your monthly income is stable it's quite easy to implement a DCA strategy to buy Bitcoin without worrying about the right time. The reason is that you always have sufficient capital so you no longer have time to worry about what happens to market conditions, whether they are rising or falling drastically.

I don't know why you're getting it twisted, you don't need a stable income before you can invest into bitcoin and DCA. What you need is your discretionary income and you are good to go. I have seen a lot of people who have stable income but still cannot meet up to their monthly needs how will such people invest.

Someone might win a lottery or a jackpot and decide to invest part of the the money into bitcoin by using DCA. He can invest $100 weekly and spread it over several weeks and keep his bitcoin investment ongoing overtime. Same applies to a contactor whose income isn't stable, the moment he get paid he can use his discretionary income and spread it in several weeks with DCA. Financial management is very important when investing in bitcoin

The part that most folks keep missing is that having a stable income does not always guarantee having a discretionary Income.....The level of your spending is what determines if you will have available a discretion income or not. This is coz there are indeed some folks who earn big stable Incomes, but then they lack frugality, they are just too extravagant in spending their money on worthless items and short term pleasure. Such a person will hardly ever be able to come up with discretionary income even though he is on a stable source of income...This is why folks no matter the size of you income should always do away with overspending or spending on valueless items..

[The Founding Titan]

Is you ask me, completely stopping your bitcoin accumulation process due to the health issues depends on the situation at hand, I mean the pattern of his income or revenue. For instance, an investor who only gets paid or income anytime they do work or renders services to people will no longer have any income to continue his investment since he can no longer work or do anything due to his ill health, and that automatically means a pause to his investment till he gets strong to work and earn again, yea.
But on the other hand, there are investors who do not ordinarily need to go out everyday to work in order to earn. They have established businesses and profit making ventures who make money for them daily. So this kind of investors may not need to stop or pause there investment because the income keeps coming in wether or not they go to work. They might just delegate power to someone who plays there role as overseer while the business keeps growing, and they are treating themselves. And of course, in such situations, such an investor must have a way to grant access of his assets to someone(Bitcoin), whomever he deems fit, should incase the illness claims his life if its that serious. Am sure he would be prepared for uncertainties.

So, totally stopping your bitcoin investment depends.

In general you should stop first because this is related to our personal health. If you don't stop I think this is a very fatal decision as accumulating Bitcoin is more important than your health which may currently be in poor condition. I completely agree with what was said namely that stopping should only be temporary with the aim of focusing first. Once your health stabilizes you can start investing again by accumulating Bitcoin through DCA. This way the slightly reduced income after experiencing this health issue can be reversed.

Your answer is absolutely correct, my friend. Just like we as bosses who have one or two businesses or ventures that we are developing there is no need to leave the house anymore just to earn money. We simply wait for employees to be assigned to work in one of our businesses so we receive daily profits and have money. This is a very sound investment so our access to business is very appropriate and we can always enjoy the results of our efforts to anticipate our health.
Stop when our health begins to weaken and choose someone who has the spirit of leadership in maintaining the business so that we can boldly give that person full authority without the slightest worry

If there are no problems in financial management, I think there is no issue unless you allocate that money for medical treatment or other things that will positively impact your health; otherwise, I think you can continue to accumulate Bitcoin, there's nothing wrong with that.
The success we see can certainly be motivating, and I believe that if we continue to accumulate Bitcoin, then we are already on the right path to achieving it.

The health of a person has to be their most important asset because you first need to be alive in order to do anything else but I think that what most people are misunderstanding is that we do not pay for our health (health related issues) with our discretionary income because it's not a want, it's a need so unless an investor decides to not invest when facing a health issue then there is no need for them to stop investing provided that they are still able to generate discretionary income while still paying their medical bills because at the end of the day what we need to invest is our discretionary income unless we are so sick that we are no longer able to do anything else ourselves but provided that we can still invest then we shouldn't be stopping.

[JayJuanGee]

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.

This is  where emergency funds comes in , An emergency fund is money you set aside to cover unexpected expenses like medical bills, car repairs, or sudden job loss so you don’t have to rely on credit cards or loans or your bitcoin investment (lol) .

There are many investors at there , their bitcoin investments is playing the role of emergency funds which is wrong . Because you are not following the right principles, normally one should have an emergency funds separate from their investment so that he or she won’t endup slowing that investment down all the name of taken care of unexpected expenses.

I think that we get ourselves in a bit of trouble when we try to be too specific in regards to what emergency funds are for, since  all back up funds can likely be used when there are losses of income and/or increases in expenses, and so the emergency funds would be the last line of protection in order to not have to tap into our bitcoin.. so there should be increasing levels of urgency that are felt as the various back up funds get depleted if they are not replaced and also at various points our behaviors should end up changing the more that our back up funds are depleted.

There are surely folks who are capable of keeping more backup funds, but they don't do it since they presume there ability to get through periods of loss of income and/or increases of expenses including that some guys might think that getting another job is providing such protections, when it is not providing the same level of protections as back up funds... and so guys will even spend more and live more on the edge based on their having more than one source of income - and then they end up getting themselves in trouble and getting put into a position in which they end up tapping into their bitcoin at a time that was not of their choosing, and even their rationalizing that it is O.k to tap into their bitcoin since the bitcoin "is in profits" which largely shows that they had been giving too low of a priority to protecting their bitcoin and making sure that they are ongoingly and persistently building their bitcoin stash rather than tapping into it (even if the bitcoin might be in 20%, 70%, 150%, 500% or some other level of "profits").

Surely some guys might not appreciate bitcoin as a vehicle for increasing the chances of financial freedom, so they get caught up in the short term pleasures (or relief) of being able to use their bitcoin before the stash has come even close to providing actual and meaningful financial freedom (and/or relief).

I will agree that it is likely not easy and for poor people who might be witnessing 3x or 5x profits on their bitcoin invested, they can easily get sucked into "just a little bit" of desire to take profits... and even though they can do whatever they like, many times, they end up being their own worst enemy because they don't develop sufficient/adequate systems to strengthen and manage their cashflows, which should include sufficient back up funds that remove temptations to tap into bitcoin while the bitcoin is growing, even when the bitcoin does not seem like it is growing.

You are not wrong but, in a circumstance where an emergency need swallows your emergency funds, you will be left with no option but to sell part of your bitcoin. It is not wrong to sell your bitcoin either to take profits or to use it to settle a need that have overpowered your emergency fund as far as you have reached the target of your accumulation. It's only when you are still in accumulation stages that it will become a bit problematic but if there is need to sell in order to attend to an immediate health issue then it is not a bad decision to sell.

You asked a very good question, which is in a situation where by your emergency needs is greater than your emergency funds, what will you do in such a situation?
 First of all, this is one of the reasons sir jayjuangee sometimes spoke about it, in this thread why  our emergency funds should be big enough to carry three months of expenses or more, because if you emergency funds is that strong, their is no way you will fall into such predicament, because it's more better to prevent a situation from happening than looking for cure or solution to it.
So to answer your question, if you find yourself in such a situation, their is no way you can avoid tempering with your holdings, so it would be better that your emergency funds is very strong, so that you wouldn't find yourself in such a situation anytime in the future.

This is not always true depending on your country because even with 3 months worth of expenses or more sometimes not sufficient if the emergency is an extreme medical condition.

I’ve been on this situation before and it sucks to be on a country that has a poor healthcare even though I’m paying contributions since I start working.

To cut the chase, there’s always some scenario that even you seem prepared you will forced to take a lot from your funds. But in general having an extra funds like that is a must to cover any normal emergency that can possibly happened.

Guys need to figure out a balance in how much cash they are keeping in their cushion (back up funds) as compared with how much they are investing into bitcoin, and yeah the back up funds are not going to cover all situations that might happen, and if people live in circumstances in which there are higher chances that higher cost emergencies are going to happen, then they likely need to keep more back up funds.

If you screw up in one direction or another, then you are going to be the one who pays the price for your screw up... which should be an incentive to get it right or at least within a reasonable neighborhood of right.  Small mistakes are not a big deal and small mistakes are likely to happen..

If we are investing over 10 years and even sometimes 15 years or more, we are likely going to have various mistakes along the way, yet at the same time we should still want to be mostly directionally correct by investing in BTC and sufficiently protecting our bitcoin investment, but yeah if we end up being a no coiner and/or a low coiner after 10-12 years of investing, then we might acknowledge mistakes that we might have made, yet we cannot go back in time and "do over" those previous 10-12 years... There can be a really BIG difference 10 years later, and we would likely end up feeling a lot of regrets if we have to start over after investing for 10 years if we end up screwing up in BIG ways rather than small ways in which we can recover.

[Jamestown70]

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.

The potential for unexpected emergencies can happen at any time. However, the reality is that you should never find yourself in a situation where you have no money to pay your bills because all of your money is tied up investing in Cryptocurrency. That said, if you don't have an emergency fund set up, you cannot predict what will happen in the future. The bottom line is that it is possible and even irresponsible to consider investing in Cryptocurrency (or any type of investment) if you do not already have a solid savings plan for yourself and for your family. Investing in Cryptocurrency should be treated as a long-term investment; so, if you are looking to use the money for short-term needs, do not expect to use your investment as part of your financial plans. Therefore, a financially smart investor will always have funds set aside to pay for medical expenses and for the everyday bills that they will face each month before they choose to invest in Cryptocurrency. A financially secure foundation needs to be built before anyone begins directing money towards cryptocurrency investments; so please be sure to have developed your financial plans for your investments and profits.

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.

There are risks associated with being an investor without an emergency fund. For example, if you experience sickness unexpectedly, you might need to sell some or all of your Bitcoin before you originally planned to do so, which can interfere with achieving your long-term objectives. Everyone eventually will experience a health-related issue, therefore it is very important for all investors to plan ahead and build an emergency savings account. By establishing an emergency fund, you will be able to protect your investments and maintain your ability to hold Bitcoin, stay calm when facing adversity, and remain focused on your long-term success without feeling undue pressure.

I’ll advice when next you’re talking about investing in Cryptocurrencies as you’ve said, you need to be precise on the coin you’re talking about so newbies don’t get misguided when reading your post, the major purpose of this discussion is buying and selling of bitcoin, because there are a lot of shit coin out there that will end up rug pulling your money. Also, as a newbie, if you do not have any discretionary fund and you have the intentions to invest into Bitcoin, try as much as possible to get a steady flow income job, that will enable you get a discretionary fund,  and you will be able to keep your Bitcoin investment afloat, if not, you’ll end up turning to your investment in times of emergencies or selling at a time that is not of your own choosing.

[Brizi5000]

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.

The potential for unexpected emergencies can happen at any time. However, the reality is that you should never find yourself in a situation where you have no money to pay your bills because all of your money is tied up investing in Cryptocurrency. That said, if you don't have an emergency fund set up, you cannot predict what will happen in the future. The bottom line is that it is possible and even irresponsible to consider investing in Cryptocurrency (or any type of investment) if you do not already have a solid savings plan for yourself and for your family. Investing in Cryptocurrency should be treated as a long-term investment; so, if you are looking to use the money for short-term needs, do not expect to use your investment as part of your financial plans. Therefore, a financially smart investor will always have funds set aside to pay for medical expenses and for the everyday bills that they will face each month before they choose to invest in Cryptocurrency. A financially secure foundation needs to be built before anyone begins directing money towards cryptocurrency investments; so please be sure to have developed your financial plans for your investments and profits.

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.

There are risks associated with being an investor without an emergency fund. For example, if you experience sickness unexpectedly, you might need to sell some or all of your Bitcoin before you originally planned to do so, which can interfere with achieving your long-term objectives. Everyone eventually will experience a health-related issue, therefore it is very important for all investors to plan ahead and build an emergency savings account. By establishing an emergency fund, you will be able to protect your investments and maintain your ability to hold Bitcoin, stay calm when facing adversity, and remain focused on your long-term success without feeling undue pressure.

I’ll advice when next you’re talking about investing in Cryptocurrencies as you’ve said, you need to be precise on the coin you’re talking about so newbies don’t get misguided when reading your post, the major purpose of this discussion is buying and selling of bitcoin, because there are a lot of shit coin out there that will end up rug pulling your money. Also, as a newbie, if you do not have any discretionary fund and you have the intentions to invest into Bitcoin, try as much as possible to get a steady flow income job, that will enable you get a discretionary fund,  and you will be able to keep your Bitcoin investment afloat, if not, you’ll end up turning to your investment in times of emergencies or selling at a time that is not of your own choosing.

thats true, one needs to be specific with bitcoin and not to confuse bitcoin to cryptocurrency as there are lots of it out there that are really shitcoins and cant provide the value bitcoin does over the years. but then again, i think that the right word to use here is simply ''bitcoin investment' rather than saying buying and selling of bitcoin. here the focus is long term bitcoin investment and not just merely buying and selling it which could be giving the wrong mindset of always buying and selling when is not yet time.

[laspol65]

You're referring to the unpredictability of cryptocurrency markets! It's frustrating when coins drop in value after buying or appreciate after selling. This volatility is normal, especially with Bitcoin, which has seen significant fluctuations.

Currently, Bitcoin's price is around $90,047, and experts predict it may rise to $103,952 by February 2026. Some forecasts even suggest it could reach $150,000 to $200,000 by the end of 2026 .

Whether it's a buy or sell time depends on your investment goals and risk tolerance. If you're looking for long-term growth, now might be a good time to invest. However, if you're looking for short-term gains, it's essential to monitor market trends and set clear entry and exit points.

Keep in mind that cryptocurrency investments carry risks, and it's crucial to do your own research and consider multiple sources before making decisions.

Would you like more information on Bitcoin's price predictions or investment strategies?

What the hell. You don't need all this things man. Do you have a long term plan? Are you currently buying bitcoin? How consistent are you? That should be your concern rather than all this crypto circus, that will only keep you in a single spot.

You can't predict bitcoin, when will you lot ever understand that.

If you cherish protecting your finances, then stay the fuck away from acting like a trader and invest in Bitcoin with the strategy called DCa.

Bitcoin investment is most important to plan for the long term, where each investment should be held for a long time to be able to achieve appropriate benefits. Following the DCA method makes it easier to hold Bitcoin for a long time, and investing Bitcoin weekly will enable investors to accumulate more Bitcoin. However, those who invest with ordinary small amounts of money should continue until they accumulate one Bitcoin.

[Mr_Brilliant$]

If your monthly income is stable it's quite easy to implement a DCA strategy to buy Bitcoin without worrying about the right time. The reason is that you always have sufficient capital so you no longer have time to worry about what happens to market conditions, whether they are rising or falling drastically.

I don't know why you're getting it twisted, you don't need a stable income before you can invest into bitcoin and DCA. What you need is your discretionary income and you are good to go. I have seen a lot of people who have stable income but still cannot meet up to their monthly needs how will such people invest.

Someone might win a lottery or a jackpot and decide to invest part of the the money into bitcoin by using DCA. He can invest $100 weekly and spread it over several weeks and keep his bitcoin investment ongoing overtime. Same applies to a contactor whose income isn't stable, the moment he get paid he can use his discretionary income and spread it in several weeks with DCA. Financial management is very important when investing in bitcoin

The part that most folks keep missing is that having a stable income does not always guarantee having a discretionary Income.....The level of your spending is what determines if you will have available a discretion income or not. This is coz there are indeed some folks who earn big stable Incomes, but then they lack frugality, they are just too extravagant in spending their money on worthless items and short term pleasure. Such a person will hardly ever be able to come up with discretionary income even though he is on a stable source of income...This is why folks no matter the size of you income should always do away with overspending or spending on valueless items..

Correct.. Stable income does not even mean you get free money or discretionary income..  it is how you do spend your money that will determine whether discretionary income will be available or not.. Someone can be earning big big money steady, but because his spending is not been controlled well, he would still not be able to get discretionary income..

It is spending habit that separate people mostly, not 100% income size. Yes income size help though, but if you you can’t be discipline, any amount earned monthly can still finish with nothing to show.. But someone that earn way lesser and can manage, can still set aside money to invest or plan ahead..

So it does not matter if your income is big or small, if you cannot cut off unnecessary spending and short term pleasure, discretionary income would still not be possible...

[Futurexxx]

. Following the DCA method makes it easier to hold Bitcoin for a long time, and investing Bitcoin weekly will enable investors to accumulate more Bitcoin. However, those who invest with ordinary small amounts of money should continue until they accumulate one Bitcoin.

Talking about the words in your write up I made bold, I disagree with you there because you are wrong, the dca accumulating strategy doesn't make it easier for a Bitcoin investor to hold strong, it's just a accumulating strategy we use to accumulate Bitcoin consistently without paying attention to the price. What makes you hold strong without tempering with it is by putting your emergency and reserve funds in place so that in face of any real life emergencies, you will not be forced to sell when you ought not to. That's what protects your Bitcoin investment, and makes your holdings easier, not the dca accumulating strategy as you are saying.

[Loyang]

Bitcoin investment is most important to plan for the long term, where each investment should be held for a long time to be able to achieve appropriate benefits. Following the DCA method makes it easier to hold Bitcoin for a long time, and investing Bitcoin weekly will enable investors to accumulate more Bitcoin. However, those who invest with ordinary small amounts of money should continue until they accumulate one Bitcoin.

Continuous investment and long-term holding are two completely different things. DCA method is an investment method through which you can buy. However, compared to all the other investment methods, DCA method has many more advantages. For example, the average purchase price decreases, sometimes the average purchase price increases. Thoughtless investment is like buying slowly with a small amount of money, due to which the market does not have such a big impact on us when it falls. When a person invests in DIP method, he becomes very scared when he sees the market fall and is under mental pressure.

To continue investing, it is very necessary for us to have unwavering willpower. When we have unwavering willpower, we will express our desire to invest without any reluctance.

[liasbaa]

Even if you have your emergency set up yet you can't predict what will happen in the future rather you're prepared to face whatever emergency that may arise in the future, and don't consider yourself to be free from anything that would jeopardize your investment unless your emergency funds is well build up because the level of your emergency funds is what matters, but since we can't measure the amount we would spend in each of the emergency that may arise in the future it is advised to keep saving up for emergency just the same way we are investing in Bitcoin.

An emergency fund is necessary to hold Bitcoin for the long term, but the size of this fund is an important consideration. There is no way to predict what level everyone will have in an emergency. One purpose of an emergency fund is to protect from selling your Bitcoin holdings in an emergency. The size of the fund should be enough to cover your daily needs for 2-3 months. So it would be wise to keep a reserve fund in cash on hand for small emergencies. It may also be wise for a smart investor to reduce the amount of buying slightly during a Bitcoin price increase and keep an additional discretionary reserve fund as a reserve fund because aggressive accumulation from the reserve fund during a price decrease can accumulate more sat with fewer dollars. It is also wise to apply your own strategy of reducing or increasing the amount of Bitcoin based on your discretionary income for a long term Bitcoin accumulation (during price fluctuations).