Buy Buy Buy or Sell Sell Sell?

[Tonimez]

[Edited out]

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.

This is a very bad advice in both ways. Saving your emergency funds in bitcoin is not the right thing if you don't want to run at losses. Most times we realise that you may save up to $300 worth of bitcoin for emergency purposes. Due to Volatility, the say Bitcoinay no longer worth up to that amount when you want to make use of it and you know that major hospitals don't collect bills in bitcoin. This would make you sell more bitcoin than you would have spent on such emergency. Saving fiats for emergency situation is the best way to avert the losses that could come with Volatility at the point of need.

You don't have to sell your bitcoin stash because you are faint hearted. Instead, when you already discovered that you are faint hearted, deal with it, check the records, reach out for the cycle. Don't allow fear lure you into selling off your bitcoin with panic. Investing with only your Discretionary income will also help you not to get into financial stress that could lead you into selling off your bitcoin sooner than necessary.

[Edited out]

According to you guys, if the reason for selling some of there investment is due to saving there bitcoin because this fbtye correction that may happen in every circle and then later it grows as you have explained, then what is the real essence of selling in the first place, because according to you guys, after the drop of about 50-70% in each circle, it will later pump high, creating another ATH record, so if this is true, why not just wait till the season is over and then experience the new ATH with all your portfolio still intact? Don't you think it will he a lot of gain if one was consistently buying in this period of DIP you mentioned and then HODL till the DiP season is over?

Realistically, even though fear and greed may set in the DIP era, it is best for an investor who believes in the appreciating power of bitcoin to HODL into his portfolio and yet keep adding consistently, since its growth can also happen anytime, even greater than it declined previously

Bitcoin has gone through several years of existence with a corresponding pump and dump and has also proven that it's Volatility is sacrosanct to the success of every bitcoin investor. Buying bitcoin rightly is good because it eases off the pressure from Dip. Selling at dips is a total waste of investment and this is a result of fear.

Yeah sure, if you want to get the best from bitcoin, instead of complaining at dips, you make more buys HODL and wait for at least 4 to 10 years time during which you would easily sell and make your gain even though the longer you HODL the better.

[cyberninja2]

Although it’s not like one cannot save emergency funds In bitcoin, sometimes most people chose to separate their emergency funds in different places, some chose to keep some in a high yield savings account but that might involve you some procedures before you can gain access to your emergency funds when in need of it. Most people save some In bitcoin probably because they wouldn’t want to be tempted to touch their emergency funds for something else since it is in a fiat currency but if it’s In bitcoin you can’t easily decide to use some for something not really worth it. But above all i think what really matters is that you should be able to easily access your emergency funds wherever it is being saved, whether in a fiat or bitcoin when needed for an emergency situation.

If you are able to do something like that I think this is a good idea in separating the two things because both of them have their own interventions so that many people rarely do it because this is also to speed up the situation of a downturn that might suddenly happen to us but by separating the two things it is certainly a tool to help us when we are in a difficult position when investing both of these things can be a tool to help us and usually only emergency funds are always our tool to help us and when someone does it with a good idea about separating the two things, maybe we will be able to feel both of these things when our position and situation are in times that we do not expect that happen to someone personally.

[Chifather247]

[Edited out]

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.

This is a very bad advice in both ways. Saving your emergency funds in bitcoin is not the right thing if you don't want to run at losses. Most times we realise that you may save up to $300 worth of bitcoin for emergency purposes. Due to Volatility, the say Bitcoinay no longer worth up to that amount when you want to make use of it and you know that major hospitals don't collect bills in bitcoin. This would make you sell more bitcoin than you would have spent on such emergency. Saving fiats for emergency situation is the best way to avert the losses that could come with Volatility at the point of need.

You don't have to sell your bitcoin stash because you are faint hearted. Instead, when you already discovered that you are faint hearted, deal with it, check the records, reach out for the cycle. Don't allow fear lure you into selling off your bitcoin with panic. Investing with only your Discretionary income will also help you not to get into financial stress that could lead you into selling off your bitcoin sooner than necessary.

[Edited out]

According to you guys, if the reason for selling some of there investment is due to saving there bitcoin because this fbtye correction that may happen in every circle and then later it grows as you have explained, then what is the real essence of selling in the first place, because according to you guys, after the drop of about 50-70% in each circle, it will later pump high, creating another ATH record, so if this is true, why not just wait till the season is over and then experience the new ATH with all your portfolio still intact? Don't you think it will he a lot of gain if one was consistently buying in this period of DIP you mentioned and then HODL till the DiP season is over?

Realistically, even though fear and greed may set in the DIP era, it is best for an investor who believes in the appreciating power of bitcoin to HODL into his portfolio and yet keep adding consistently, since its growth can also happen anytime, even greater than it declined previously

Bitcoin has gone through several years of existence with a corresponding pump and dump and has also proven that it's Volatility is sacrosanct to the success of every bitcoin investor. Buying bitcoin rightly is good because it eases off the pressure from Dip. Selling at dips is a total waste of investment and this is a result of fear.

Yeah sure, if you want to get the best from bitcoin, instead of complaining at dips, you make more buys HODL and wait for at least 4 to 10 years time during which you would easily sell and make your gain even though the longer you HODL the better.

I totally agree with you, that is why we are adviced to invest with money we dont really need at the moment,

[Grease5000]

[Edited out]

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.

This is a very bad advice in both ways. Saving your emergency funds in bitcoin is not the right thing if you don't want to run at losses. Most times we realise that you may save up to $300 worth of bitcoin for emergency purposes. Due to Volatility, the say Bitcoinay no longer worth up to that amount when you want to make use of it and you know that major hospitals don't collect bills in bitcoin. This would make you sell more bitcoin than you would have spent on such emergency. Saving fiats for emergency situation is the best way to avert the losses that could come with Volatility at the point of need.

You don't have to sell your bitcoin stash because you are faint hearted. Instead, when you already discovered that you are faint hearted, deal with it, check the records, reach out for the cycle. Don't allow fear lure you into selling off your bitcoin with panic. Investing with only your Discretionary income will also help you not to get into financial stress that could lead you into selling off your bitcoin sooner than necessary.

[Edited out]

According to you guys, if the reason for selling some of there investment is due to saving there bitcoin because this fbtye correction that may happen in every circle and then later it grows as you have explained, then what is the real essence of selling in the first place, because according to you guys, after the drop of about 50-70% in each circle, it will later pump high, creating another ATH record, so if this is true, why not just wait till the season is over and then experience the new ATH with all your portfolio still intact? Don't you think it will he a lot of gain if one was consistently buying in this period of DIP you mentioned and then HODL till the DiP season is over?

Realistically, even though fear and greed may set in the DIP era, it is best for an investor who believes in the appreciating power of bitcoin to HODL into his portfolio and yet keep adding consistently, since its growth can also happen anytime, even greater than it declined previously

Bitcoin has gone through several years of existence with a corresponding pump and dump and has also proven that it's Volatility is sacrosanct to the success of every bitcoin investor. Buying bitcoin rightly is good because it eases off the pressure from Dip. Selling at dips is a total waste of investment and this is a result of fear.

Yeah sure, if you want to get the best from bitcoin, instead of complaining at dips, you make more buys HODL and wait for at least 4 to 10 years time during which you would easily sell and make your gain even though the longer you HODL the better.

Considering how volatile Bitcoin price can be it is better to save emergency fund in fiat currency than in Bitcoin, because the need for the emergency fund may arise when there is  a price dip this can lead invest touching it's Bitcoin holding  rather the just the  emergency fund. And this can equally trigger emotions.

Emergency fund should be keep desperate from the discretionary income use to accumulate bitcoin. Because this is the used when there an urgent situation, like payment of hospital bill, rent and so on. This is like a back-up plan one can fall back to if they lose their jobs and other mean of survival. This enable investor not to sale off their Bitcoin holding which can end a Long term plan of accumulating and holding Bitcoin.

[HajiBagi]

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.

Emergency funds is what you can leverage on in the eruption of an unplanned circumstance at any time and it is to be saved in a liquid form where you can simply have access to it with no barriers as volatility which bitcoin possesses. Bitcoin do not serve a good role for saving emergency funds

Saving your emergency funds in bitcoin is wrong. It will be better to have it in fiat or stable coin (USDT) and not to save it in volatile asset as bitcoin. You may want to use your emergency funds on the grounds of a shocking situation and it can be that bitcoin price may be down and you be coerced to sell and convert your funds at a loss amount dew to the unpredicted circumstance.

Saving your emergency funds in bitcoin is not an emergency funds anymore, it means you have invest the money in bitcoin, emergency funds should always remain in fiat, emergency funds is a fund that you can never use to do anything or invest it in any business, it should be used for any emergency problems, such as your needs, hospital bills and other expenses, saving your emergency funds in bitcoin is very dangerous because when you sell up to the bitcoin limit of the emergency funds and you still need money to cover the expenses you will touch the remaining bitcoin.

Many people have made the same mistakes by using their emergency funds to save in bitcoin because they think if the price rise up the emergency funds will be enough for them to solve their problems, before we should try using our emergency we should remember that bitcoin is unpredictable and we can see that the current price has make us understand the reason why some people did not buy bitcoin to hold for a long time.