Buy Buy Buy or Sell Sell Sell?

[Gallar]

that there is no need to sell Bitcoin because the bitcoin is owned by us who have it so that with the funds saved of course these funds serve as emergency funds that become our tool to help us when the position and situation we experience are at its deepest distance,

Never use Bitcoin as an emergency fund. Because the Bitcoin market is very unstable, it is impossible to say when what will happen in the market. If the price of Bitcoin drops significantly and you experience financial difficulties at that time, you may be unable to cope with the financial crisis or may have to sell Bitcoin at a loss to cope with the financial crisis. Therefore, never use Bitcoin as an emergency fund.

Using Bitcoin as an emergency fund is another idea, because I think it's clear that investing in Bitcoin can't be linked to an emergency fund. Instead, Bitcoin investments themselves must be protected from the emergency fund. This is to ensure the investment runs smoothly. Therefore, we must truly recognize that risk management and financial management must be properly managed when investing in Bitcoin. Otherwise, I'm sure nothing will go according to plan.

Although investing in Bitcoin is the easiest and simplest option, if someone can't execute it properly, the potential for failure is still high. Therefore, investing in Bitcoin must be within our means. The key is not to force it or make wrong decisions like investing all our money in Bitcoin, including emergency funds and reserve funds. Because that won't be good, but will actually make things difficult.

[Abelly]

that there is no need to sell Bitcoin because the bitcoin is owned by us who have it so that with the funds saved of course these funds serve as emergency funds that become our tool to help us when the position and situation we experience are at its deepest distance,

Never use Bitcoin as an emergency fund. Because the Bitcoin market is very unstable, it is impossible to say when what will happen in the market. If the price of Bitcoin drops significantly and you experience financial difficulties at that time, you may be unable to cope with the financial crisis or may have to sell Bitcoin at a loss to cope with the financial crisis. Therefore, never use Bitcoin as an emergency fund.

Using Bitcoin as an emergency fund is another idea, because I think it's clear that investing in Bitcoin can't be linked to an emergency fund. Instead, Bitcoin investments themselves must be protected from the emergency fund. This is to ensure the investment runs smoothly. Therefore, we must truly recognize that risk management and financial management must be properly managed when investing in Bitcoin. Otherwise, I'm sure nothing will go according to plan.

Although investing in Bitcoin is the easiest and simplest option, if someone can't execute it properly, the potential for failure is still high. Therefore, investing in Bitcoin must be within our means. The key is not to force it or make wrong decisions like investing all our money in Bitcoin, including emergency funds and reserve funds. Because that won't be good, but will actually make things difficult.

KEeping your emeRgency fund and investments sEparate is trUly the foundation of sound financial management. I think you shOuld have at least 3-6 months of living Expenses in a liquid emergency fund before investing in Bitcoin, because if you are foRced to sell at a loss during market volatility, your long tErm plans will be ruined. Although Bitcoin is high risk, proper position sizing, a step by step investment DCA strAtegy, and clear goal setting can keep the risk largely under CoNtrol.The key is to make sure that your Investments do not tHreaten your financial sEcurity, but rAther Make calculated decisions with additional Capital.This reduces sTress and in Creases the liKelihood of long term surVival.

[UpTober]

Folks may have whatever personal reason that forces them to sell their holding before getting to their timeline... Whatever that reason is, I still think that it is a bad idea to for them to sell their Bitcoin because in doing so they can interrupt with the long term compounding effect of their accumulation, and honestly, it may even be very difficult for folks to get Bitcoin at exact the same price they got it for unless they begin to start timing the market, which is an entirely wrong move..

When your Bitcoin investment is sold when it's not your will to do so, it shows lack of proper planning or not making provisions to avoid a scenario like that, because when situation or emergency force you to sell off or temper with your holdings, the possibility of selling at the wrong time, very cheap or even more than necessary will be extremely high because it takes you unaware, that is the main reason we always talked about putting down emergency and reserve funds in place, so that emergencies will never force you to sell or temper with your bitcoin investment when you never wanted to, because at this time of the market, we should be accumulating more, not selling the small one's we have already accumulated due to emergencies.

Sometimes it's not only emergencies that forces people to sell their bitcoin, one could possibly sell their bitcoin due to emotion like buying at peak price and experience price go down to lows like this. Those who didn't make use of proper accumulation strategy are likely to panic. But this is why we discuss about using your discretionary income to accumulate in this thread, that way you have less to lose compared to when you invest with what you can't afford to lose. I like the idea of thinking of your bitcoin investment as an expenses since it's coming from your discretionary income, and that you might not get back. If anyone develops such mindset it would be difficult for them to develop emotional panicking that will cause them the alter the course of their long term investment plan.

Basically, people get more excited when they lose than they do when they are patient for gains, and this is the biggest weakness of investors. Unless an investor can strengthen himself and accept these temporary market changes naturally, it will be very difficult to hold on to his investment for a long time. Investors who have started investing with a long-term plan but are not able to take the negative changes in the market naturally, I think they should look at the market of 2018 and 2022. In 2018, the market came down a lot from a fairly good position and started dumping, and from that lowest level, the market went back to a very strong position. The same thing happened again in 2022, the market came down from the lowest level and again touched the highest price in history. These two examples prove that patience can definitely bring good things.

We saw last year that the Bitcoin market touched the highest price in history, but now the market has come down a lot, so many investors are getting excited due to temporary losses, while many are selling, those who are getting excited must be patient, and those who have already sold, I would say they made a mistake because if you are patient, something good will definitely happen, as has happened before.

[Charcol]

that there is no need to sell Bitcoin because the bitcoin is owned by us who have it so that with the funds saved of course these funds serve as emergency funds that become our tool to help us when the position and situation we experience are at its deepest distance,

Never use Bitcoin as an emergency fund. Because the Bitcoin market is very unstable, it is impossible to say when what will happen in the market. If the price of Bitcoin drops significantly and you experience financial difficulties at that time, you may be unable to cope with the financial crisis or may have to sell Bitcoin at a loss to cope with the financial crisis. Therefore, never use Bitcoin as an emergency fund.

Using Bitcoin as an emergency fund is another idea, because I think it's clear that investing in Bitcoin can't be linked to an emergency fund. Instead, Bitcoin investments themselves must be protected from the emergency fund. This is to ensure the investment runs smoothly. Therefore, we must truly recognize that risk management and financial management must be properly managed when investing in Bitcoin. Otherwise, I'm sure nothing will go according to plan.

Although investing in Bitcoin is the easiest and simplest option, if someone can't execute it properly, the potential for failure is still high. Therefore, investing in Bitcoin must be within our means. The key is not to force it or make wrong decisions like investing all our money in Bitcoin, including emergency funds and reserve funds. Because that won't be good, but will actually make things difficult.

I think you shOuld have at least 3-6 months of living Expenses in a liquid emergency fund before investing in Bitcoin, because if you are foRced to sell at a loss during market volatility, your long tErm plans will be ruined.

This is not right. We all have different financial capabilities and income Stability..For some of us, it may take a year or more to build up a 6 month emergency fund. And if we are completely out of the market during this entire time,there is a risk of missing the initial phase of a potential uptrend or compounding. So many people take a dual approach. That is, a portion of our monthly discretionary income can be invested in an emergency fund, and a small portion can be invested in a regular DCA method..This increases our protection on the one hand, and on the other hand, our presence in the market is also maintained.

[Sulegzy39]

Never use Bitcoin for an emergency fund. Because the Bitcoin market is extremely volatile, it is impossible to predict what will happen in it. If the price of Bitcoin falls dramatically and you are experiencing financial troubles at the same time, you may be unable to cope with the financial crisis or may be forced to sell Bitcoin at a loss. As a result, never use Bitcoin for an emergency fund.

This is to ensure that the investment proceeds smoothly. As a result, we must acknowledge that risk management and financial management must be appropriately managed while investing in Bitcoin. Otherwise, I am sure nothing will proceed as planned.

[alankasman]

Using Bitcoin as an emergency fund is another idea, because I think it's clear that investing in Bitcoin can't be linked to an emergency fund. Instead, Bitcoin investments themselves must be protected from the emergency fund. This is to ensure the investment runs smoothly. Therefore, we must truly recognize that risk management and financial management must be properly managed when investing in Bitcoin. Otherwise, I'm sure nothing will go according to plan.

And I agree more with what you say that Bitcoin investment itself must be protected by emergency funds.

If the results of Bitcoin investment are very profitable of course the emergency fund will definitely increase. This is because the allocation is made after the results achieved when the investment gets maximum profit of course remembering a little or a few percent of the emergency fund because someone still believes that the emergency fund is a tool to help someone when someone's position and situation does not know which direction to take. This may be caused by a decline in market prices which makes many people accept the risk in the form of Bitcoin prices being too cheap so that someone's income and profits in investing decrease slightly so that all that will help someone is only by having an emergency fund saved when someone has reminded them about setting aside for the fund because the fund is very necessary when our position is at the end of the horn.

Although investing in Bitcoin is the easiest and simplest option, if someone can't execute it properly, the potential for failure is still high. Therefore, investing in Bitcoin must be within our means. The key is not to force it or make wrong decisions like investing all our money in Bitcoin, including emergency funds and reserve funds. Because that won't be good, but will actually make things difficult.

This is true as what you are rich because if you do not do it with full confidence and the gap is consistent it is normal if it happens when investing in Bitcoin you will experience losses even though what you think is sometimes very easy in doing it because currently let alone investing in Bitcoin other activities are still basically trivialized before they do it so that when someone does it it is certainly no longer an easy thing that someone says but different from what is usually said easily that is why currently many people from all circles look at easy things before acting especially what you say investing in Bitcoin is the easiest thing and in my opinion if there is a friend who says something like that, of course I will invite him and I will see whether the words expressed are true with what is done and what is certain is that I will not believe someone who says it is easy to invest.

[Bigjoe158]

that there is no need to sell Bitcoin because the bitcoin is owned by us who have it so that with the funds saved of course these funds serve as emergency funds that become our tool to help us when the position and situation we experience are at its deepest distance,

Never use Bitcoin as an emergency fund. Because the Bitcoin market is very unstable, it is impossible to say when what will happen in the market. If the price of Bitcoin drops significantly and you experience financial difficulties at that time, you may be unable to cope with the financial crisis or may have to sell Bitcoin at a loss to cope with the financial crisis. Therefore, never use Bitcoin as an emergency fund.

Using Bitcoin as an emergency fund is another idea, because I think it's clear that investing in Bitcoin can't be linked to an emergency fund. Instead, Bitcoin investments themselves must be protected from the emergency fund. This is to ensure the investment runs smoothly. Therefore, we must truly recognize that risk management and financial management must be properly managed when investing in Bitcoin. Otherwise, I'm sure nothing will go according to plan.

Although investing in Bitcoin is the easiest and simplest option, if someone can't execute it properly, the potential for failure is still high. Therefore, investing in Bitcoin must be within our means. The key is not to force it or make wrong decisions like investing all our money in Bitcoin, including emergency funds and reserve funds. Because that won't be good, but will actually make things difficult.

If one can save fiat for emergency or unforseen circumstances then BTC too can play that role. BTC is money so it can play a lot of role in someone's journey to freedom from the shackles of poverty. Keep investing in BTC or hold the one's you have,if you are scared of the dip in price then sell some and keep some. BTC is here to stay though the market is unpredictable.

[Jamestown70]

What's my take on what's happening right now? We're in a time where we need to wait for the market to correct before entering. We have been seeing the market going up for days already, and I don't see any reason for me to enter the market when the market is on the green. I mean we want to buy coins at a lower price, so it's better to just wait until the market corrects then that's the time for us to buy.

Like you said, the market is unpredictable, If I may ask, how do you know when the market has finished it correction process so you can start buying?. You never know what the market is going to do next, from my perspective, if you’re waiting to buy the dip, you can as well introduce the DCA method while waiting, that way you don’t miss out even if Bitcoin price decides to reverse today.

[Xackie]

that there is no need to sell Bitcoin because the bitcoin is owned by us who have it so that with the funds saved of course these funds serve as emergency funds that become our tool to help us when the position and situation we experience are at its deepest distance,

Never use Bitcoin as an emergency fund. Because the Bitcoin market is very unstable, it is impossible to say when what will happen in the market. If the price of Bitcoin drops significantly and you experience financial difficulties at that time, you may be unable to cope with the financial crisis or may have to sell Bitcoin at a loss to cope with the financial crisis. Therefore, never use Bitcoin as an emergency fund.

Using Bitcoin as an emergency fund is another idea, because I think it's clear that investing in Bitcoin can't be linked to an emergency fund. Instead, Bitcoin investments themselves must be protected from the emergency fund. This is to ensure the investment runs smoothly. Therefore, we must truly recognize that risk management and financial management must be properly managed when investing in Bitcoin. Otherwise, I'm sure nothing will go according to plan.

Although investing in Bitcoin is the easiest and simplest option, if someone can't execute it properly, the potential for failure is still high. Therefore, investing in Bitcoin must be within our means. The key is not to force it or make wrong decisions like investing all our money in Bitcoin, including emergency funds and reserve funds. Because that won't be good, but will actually make things difficult.

KEeping your emeRgency fund and investments sEparate is trUly the foundation of sound financial management. I think you shOuld have at least 3-6 months of living Expenses in a liquid emergency fund before investing in Bitcoin, because if you are foRced to sell at a loss during market volatility, your long tErm plans will be ruined. Although Bitcoin is high risk, proper position sizing, a step by step investment DCA strAtegy, and clear goal setting can keep the risk largely under CoNtrol.The key is to make sure that your Investments do not tHreaten your financial sEcurity, but rAther Make calculated decisions with additional Capital.This reduces sTress and in Creases the liKelihood of long term surVival.

No, there's no need for someone to wait until they  complete 3-6 months savings before they can start investing in Bitcoin. I understand your point about keeping emergency funds separate, and that is wise. If they wait too long, they may never start and also miss opportunities. The best thing to do is to start investing in Bitcoin rightawayand you can build your backup or emergency funds alongside. You can split your income evenly after sorting out your bills, then use half as your DCA funds and the remaining half into emergency funds or back up. That way you grow both security and opportunity together without unnecessary delay.

[Shineup]

if you keep Bitcoin investment for a long time, it is guaranteed that it will increase,

Bitcoin is not guaranteed to increase - either short term or long term.  You should try to figure out better ways to make your points that does not involve your proclaiming that bitcoin is guaranteed to go up.

Your point about bitcoin not being guaranteed to go up either in short term or long term is well taken and justifiable considering unpredictability of bitcoin volatility, I could perceive that this truth about bitcoin not being guaranteed to go up either in short term or long term seems difficult for some people to comprehend or accept as a result of high level of anticipation which can be overwhelming when the market proves otherwise to their expectations and another leading causes of why some investor changes their initial plans of holding for longer period, become weak hands and panic sell in the short term, what I have learnt is that bitcoin is more likely to go up than coming down over time but saying that it is guaranteed to go up is very much wrong.

[Ngozi26]

Generally speaking, people do not sell bitcoin in order to repurchase at the price that they had gotten the bitcoin, but instead, they are more likely (and more commonly) wanting to buy back at a price that was less than the amount that they sold it for.

Sir, sometimes there are exceptions. I bought Bitcoin at 30k and sold it at 60k, but after selling it, the price gradually increased, at one time it reached 126k, it reached the price at which I sold it a few days ago but now it is a little higher. So should I buy it when it is below 60k?So I think it's wiser to wait until a new ATH before selling Bitcoin. It would have been better if I had waited until a new ATH before selling at 60k. So I think those of us who are investing now or will invest in the coming days should think carefully before selling, especially when at least one new ATH arrives.

You are probably correct that a better approach for anyone trying to accumulate bitcoin is to stay focused on ongoing buying rather than believing that they can accumulate bitcoin through selling.  When folks sell their bitcoin with an expectation of buying back cheaper, they are gambling in regards to their stash size, which may or may not end up resulting in their ability to accumulate more bitcoin - rather than staying focused on ongoing accumulation through ongoing buying only .. and also not getting deterred into waiting techniques that may well end up causing them to fail/refuse to be "in" the market during those not so common (and mostly unexpected) times in which bitcoin goes shooting up and does not correct back down to its earlier price levels.

Since Bitcoin created a few new ATHs in 2025, it would be better for those of us who are investing now to continue investing and hopefully we will get good profits in 2029. And it may be better to continue investing very patiently during this time. I think Bitcoin will not be able to surpass the record of 126 thousand before 2029. So if we can continuously buy Bitcoin now and make our portfolio heavy, then we will get good profits in the future. We have seen that Bitcoin creates new ATHs at a time in every four-year cycle, so it is a good plan to continue investing without waiting.

From where did you get these three categories?

emergency fund and reserve fund already tend to be in cash - or at least in the local currency... so I am not sure, from your point of view, how a cash fund is different from emergency funds and reserve funds.

To me, the three funds seem almost the same because the emergency fund and the reserve fund are the two funds that we keep in cash. The price of Bitcoin has dropped a lot now, so it is better to buy Bitcoin continuously instead of creating so many funds. While creating the fund, we will see that there is a fund but no Bitcoin, and the price of Bitcoin has increased many times. So what I do is invest 20% of my monthly income in Bitcoin. If I feel the need, I will invest a little more.

I agree with your suggestion regarding not using your bitcoin as an emergency fund, even though I don't tend to get too excited about using emphatics, and I am not really clear about how you are suggesting that cash should be (or could be) managed in order to create situations in which there wouldn't be temptations to dip into bitcoin as emergency funds.

You are also pretty new to the forum with only a month, so have you already been buying bitcoin, or are you talking about bitcoin in theory, rather than from personal experiences?

Or maybe you started investing in bitcoin prior to your forum registration date?

I will never invest in Bitcoin with an emergency fund and I am not in favor of doing so because the emergency fund is only for my urgent needs. Speaking for myself, I was quite familiar with Bitcoin and occasionally traded since the Corona virus pandemic took shape in 2020. But I did not understand the importance of Bitcoin at that time and since then I have been buying Bitcoin through DCA. I think many people may have been involved in trading for a long time without knowing about the forum or being on the forum.

[Futurexxx]

No, there's no need for someone to wait until they  complete 3-6 months savings before they can start investing in Bitcoin. I understand your point about keeping emergency funds separate, and that is wise. If they wait too long, they may never start and also miss opportunities. The best thing to do is to start investing in Bitcoin rightawayand you can build your backup or emergency funds alongside. You can split your income evenly after sorting out your bills, then use half as your DCA funds and the remaining half into emergency funds or back up. That way you grow both security and opportunity together without unnecessary delay.

Yeah, you are right about what you said here, their is no need to wait because it may delay your accumulation journey, so as long as you can figure out your discretionary income and you have the basic knowledge on it, starting right away is the best thing to do.

Waiting and not acting when they should have made so many Bitcoin investors missed investing in Bitcoin, because procrastination might easily set in once you start waiting unnecessary, when your discretionary income is available, so I believe that starting first and figuring out the right way to go about it is a lot better than not starting at all when you should.

[Supreme Donvic]

What's my take on what's happening right now? We're in a time where we need to wait for the market to correct before entering. We have been seeing the market going up for days already, and I don't see any reason for me to enter the market when the market is on the green. I mean we want to buy coins at a lower price, so it's better to just wait until the market corrects then that's the time for us to buy.

Like you said, the market is unpredictable, If I may ask, how do you know when the market has finished it correction process so you can start buying?. You never know what the market is going to do next, from my perspective, if you’re waiting to buy the dip, you can as well introduce the DCA method while waiting, that way you don’t miss out even if Bitcoin price decides to reverse today.

I don’t understand, what do you guys mean by waiting for the dip to buy, bitcoin is already at the dip, the price of bitcoin is already $68k and this price was not the price of bitcoin some months ago, so there’s no need for waiting anymore. You can start buying right now. If you are waiting for bitcoin to go more than in price, you may be wasting your time because the next move of bitcoin might be rising up.
Jamestown70 You gave him the right advice of using the DCA method why wait, but to be honest waiting for bitcoin to go below what it is now is senseless, because I remember that bitcoin was already $100k plus some months back and today bitcoin is $68k and you are still waiting for it to go more down in price.
Keep waiting and keep wasting your time.

[Joeboy]

Never use Bitcoin for an emergency fund. Because the Bitcoin market is extremely volatile, it is impossible to predict what will happen in it. If the price of Bitcoin falls dramatically and you are experiencing financial troubles at the same time, you may be unable to cope with the financial crisis or may be forced to sell Bitcoin at a loss. As a result, never use Bitcoin for an emergency fund.

This is to ensure that the investment proceeds smoothly. As a result, we must acknowledge that risk management and financial management must be appropriately managed while investing in Bitcoin. Otherwise, I am sure nothing will proceed as planned.

When folks are building their emergency funds they should always considerate of these two things which are liquidity and stability. Meaning that when building their fund, folks should always ensure that it is in a form that is easy to be accessed instantly without any kind of delay or price volatility..This is why folks should never save their emergency funds in Bitcoin as this could be difficult for it to maintain short term stability in value coz of it volatility, and also it may take longer time of converting it into case in cases of emergency. Emergency funds should always be keep in actual cash due to its short tem stability and liquidity, while Bitcoin can serve as folks long term saving tool rather than an emergency funds...

If one can save fiat for emergency or unforseen circumstances then BTC too can play that role.

Wwhat are you implying @Big joe 158? Bitcoin cannot play the role of an emergency fund, infact it is very wrong for you to keep your emergency funds in Bitcoin since Bitcoin happens to be a volatile asset.

if you are scared of the dip in price then sell some and keep some. BTC is here to stay though the market is unpredictable.

Don't give advise that will make folks to start regretting it someday... It is not advisable for folks to sell their holding if they are yet to reaching their over-accumulation... Sure it may be common amongst some newbies to be scared of the dip...And if they are the scared, best alternative is for them to reduce their accumulating intensity to match the level of their conviction, instead of them stopping all together or trying to sell the little they have accumulated...

[Kuchuku]

The only risk management strategy needed while investing in Bitcoin is by  investing from your discretionary income, because in the worst possible scenario, your mental health will not be affected.
Aside that your duty is to just buy and hold, and  then put down measures that may aid your holding capacity, which is having an emergency and reserve funds in place, just in case of real life emergencies.

Maintaining peace of mind is very important for investing in Bitcoin and if we can invest our excess money regularly in a disciplined manner, it will not only give us inner peace but also it will become a big fund to keep in investment for a long time. In addition if we can keep some money aside for our emergencies, I strongly believe that it can be a solution to ensure peace of mind for us.

Yes, discretionary income is very important for investing in Bitcoin. We have to maintain discipline in investing in Bitcoin and we have to keep ourselves in control. As a result, market volatility cannot affect us mentally. DCA strategy is very important in long-term Bitcoin investment, by using it, losses and risks are reduced. We have to be patient in investing because many people fail to invest due to lack of patience. Emergency funds are very effective when the market is going down. We have to invest with proper planning and be patient.