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Author Topic: Buy Buy Buy or Sell Sell Sell?  (Read 118379 times)
Kryptonite788
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Today at 09:39:51 AM
 #14261


The only way an investor can keep his hands off his investment is, if he has something else to fall back on without disturbing his assets, that is the major reason it is advisable to be financially stable before engaging in investment else the person will not grow not even a bit because as he will be tempted to go back to his investment, no human can advance financial with this act, but with something else to hold on with them the long term investment becomes the best option and the investor grows financially, so having other means of income is best as it sustains and help with solving other personal issues involving money.
Look buddy, even though there’s a bit of truth to what you said here ,I still believe you’re wrong for saying that financial stability is the prerequisite to invest in bitcoin when In fact all that really matters is having discretionary income and knowing how to use it properly in your investment.and not to forget discipline because you mentioned in your above write-up that the only way an investor can keep his hand off his investment is by having another source of income to fall back on. Well I’m here to tell you that the only way a person can can hands off their investment is by having Psychological discipline because it is what will keep a person from dipping into their investments prematurely.
Bigjoe33
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Today at 10:02:15 AM
 #14262


The only way an investor can keep his hands off his investment is, if he has something else to fall back on without disturbing his assets, that is the major reason it is advisable to be financially stable before engaging in investment else the person will not grow not even a bit because as he will be tempted to go back to his investment, no human can advance financial with this act, but with something else to hold on with them the long term investment becomes the best option and the investor grows financially, so having other means of income is best as it sustains and help with solving other personal issues involving money.
Look buddy, even though there’s a bit of truth to what you said here ,I still believe you’re wrong for saying that financial stability is the prerequisite to invest in bitcoin when In fact all that really matters is having discretionary income and knowing how to use it properly in your investment.and not to forget discipline because you mentioned in your above write-up that the only way an investor can keep his hand off his investment is by having another source of income to fall back on. Well I’m here to tell you that the only way a person can can hands off their investment is by having Psychological discipline because it is what will keep a person from dipping into their investments prematurely.

Financial stability is good, but it is not the compulsory or basics for starting up your investment or guarantees been able to HODL your assets for long. Even some folks who are financially stable may still tap from there investment or sell unplanned if they fail to build up back up funds from there discretionary which can help to sustain there investment in the days of lack and want.

Building an emergency funds and other back up funds are very necessary to help an investor HODL his assets longer. Another problem some investors have that tends to prevent them from holding there assets is there inability to ensure a proper income management and allocation. Some use there money carelessly, and this affects there ability to do a proper allocation, thus wasting there money on irrelevant things. However, while you are ensuring to build your emergency funds and other back up funds alongside your investment, also ensure to allocate and manage your resources properly

Tongley
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Today at 10:26:18 AM
 #14263

The only way an investor can keep his hands off his investment is, if he has something else to fall back on without disturbing his assets, that is the major reason it is advisable to be financially stable before engaging in investment else the person will not grow not even a bit because as he will be tempted to go back to his investment, no human can advance financial with this act, but with something else to hold on with them the long term investment becomes the best option and the investor grows financially, so having other means of income is best as it sustains and help with solving other personal issues involving money.

We need to create an emergency fund, reserve fund, cash fund to deal with unexpected financial disasters or to protect our holdings. There is no guarantee that we will be able to hold our investments in the long term if we have a stable income. There are also many people who do not have a stable source of income but they are investing consistently and along with that they are creating funds to protect their holdings. It is very important for a person to have the ability to manage his financial situation properly. When a person is able to manage his financial situation properly then he will be able to find discretionary income from the unstable source of income. But one who cannot manage his financial situation properly even if his income is stable and even if his income is very high then he may not find discretionary income. According to @JayJuanGee sir if we follow the path of thought or his shown path then we do not need stable income to invest or we do not need additional source of income rather we need discretionary income to invest.
Rockson1
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Today at 11:59:52 AM
 #14264

The only way an investor can keep his hands off his investment is, if he has something else to fall back on without disturbing his assets, that is the major reason it is advisable to be financially stable before engaging in investment else the person will not grow not even a bit because as he will be tempted to go back to his investment, no human can advance financial with this act, but with something else to hold on with them the long term investment becomes the best option and the investor grows financially, so having other means of income is best as it sustains and help with solving other personal issues involving money.
I have some question for you, do you understand what left over funds is? I ask again do you know what discretionary income? Let me give you a curios answer to that, discretionary income is that left over funds I ask you of, I also hope you know that it is what we are adviced to invest with in Bitcoin, an investor that knows this and continue to invest with it may not have any problem.
Are you trying to tell us that why investors invest in Bitcoin is to keep tampering it when the have emergency needs, have you not heard about emergency funds, the best an investor can do for himself is to build his emergency funds he is investing in Bitcoin so that when emergency comes knocking, he can easily lay his hands of on such fund to fix the issue, are you sure that you are an investor, your statement on that aspect is not right, I feel that you have not listening to learning, dude increasing your source of income is good as an investor but tampering your investment does not show that you were prepared for the investment, emergency fund, back up funds, all of them are important to us as investors, and for us to maintain our investment, we must make them part of the deal.

Arenga pinnata
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Today at 12:08:47 PM
 #14265

That’s absolutely right. And remember we don’t need to rush into anything. We need to research carefully and take our time. Remember, starting something is very easy. But starting at the right time is what’s difficult. because it requires thorough preparation and planning.. and when it comes to Bitcoin investment, I think we’re talking about a very long-term investment. not just 3 or 5 years, but over 10 years. So we don’t need to rush as if we’re about to miss the boat.

We just need to thoroughly analyze everything, set aside “cold” money for the long term that won’t disrupt our financial stability. Then, once everything is prepared, we can choose which accumulation method best suits our circumstances. DCA is suitable for those who can only set aside money at specific intervals, such as weekly or monthly. For those who own their own business, they can even invest whenever they generate profits from their business. Or if they have a large savings account ready to be transferred into Bitcoin investments, they can also do so gradually, for example, by using “Average Down” or similar strategies, such as accumulating entries at specific price levels.

We’re acting for the long term, not for medium- or short-term trading. So there’s no need to rush, as if driven by the fear of missing out on price movements.

You don’t need too much of research works before you can start investing In bitcoin. A basic knowledge is good to start with bitcoin investment. The most important thing you need to research on is to check if you have a discretionary income to use for bitcoin accumulation. So it’s advisable to start investing in bitcoin immediately our discretionary income is ready, we don’t need to  delay starting accumulating bitcoin because of too many research works as we can always learn more and gain more experience along the line and make some important investments decision while ongoingly accumulating and investing In bitcoin. It might take you years trying to research about bitcoin and those years gone would have been used to accumulate some reasonable amount of bitcoin stash and hold, bitcoin is a very volatile asset and you could be missing out on several buying opportunities while you’re making researches and you might still not be satisfied with your research so the best and most important thing is to get your discretionary income ready and get started immediately to accumulate bitcoin and hold for long term practice.

Your statement is indeed correct. It’s just that I’m speaking in light of the current situation where many beginners are jumping in and investing in Bitcoin purely out of FOMO. And they start complaining when the market turns bearish and then bail out, in other words, give up. Even though at the beginning they were shouting about investing for the long term, it turns out their mindset wasn’t truly ready. This happens because they aren’t actually convinced of Bitcoin’s long-term potential. They’re just following influencers and starting to invest without truly understanding the field they’re entering.

We don’t need to conduct extensive research just to convince ourselves that Bitcoin is worth holding for the long term. We just need to see where major companies or global giants are moving and investing. Additionally, we just need to understand Bitcoin’s decentralized system, which is fairly easy to grasp, and I believe it doesn’t take long to understand it.
Only then will we truly be confident in what we’re getting into. Thus, investing in Bitcoin will become a clear and strong objective. And we won’t waver in the face of a bear market. In fact, we’ll view a bear market as a major opportunity to accumulate more.
Once you get started, you can learn more about Bitcoin as you invest.

Personally, I’ve been quite consistent with this approach to dollar-cost averaging (DCA). In fact, I haven’t stopped DCAing even when Bitcoin’s price was already very high. That’s because I’m not focused on the current price, but rather on the potential I believe Bitcoin will achieve in the future, perhaps in 10 or 15 years, or even longer.


 
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Crytohillss
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Today at 12:10:54 PM
 #14266


The only way an investor can keep his hands off his investment is, if he has something else to fall back on without disturbing his assets, that is the major reason it is advisable to be financially stable before engaging in investment else the person will not grow not even a bit because as he will be tempted to go back to his investment, no human can advance financial with this act, but with something else to hold on with them the long term investment becomes the best option and the investor grows financially, so having other means of income is best as it sustains and help with solving other personal issues involving money.
Look buddy, even though there’s a bit of truth to what you said here ,I still believe you’re wrong for saying that financial stability is the prerequisite to invest in bitcoin when In fact all that really matters is having discretionary income and knowing how to use it properly in your investment.and not to forget discipline because you mentioned in your above write-up that the only way an investor can keep his hand off his investment is by having another source of income to fall back on. Well I’m here to tell you that the only way a person can can hands off their investment is by having Psychological discipline because it is what will keep a person from dipping into their investments prematurely.

Financial stability is good, but it is not the compulsory or basics for starting up your investment or guarantees been able to HODL your assets for long. Even some folks who are financially stable may still tap from there investment or sell unplanned if they fail to build up back up funds from there discretionary which can help to sustain there investment in the days of lack and want.

Building an emergency funds and other back up funds are very necessary to help an investor HODL his assets longer. Another problem some investors have that tends to prevent them from holding there assets is there inability to ensure a proper income management and allocation. Some use there money carelessly, and this affects there ability to do a proper allocation, thus wasting there money on irrelevant things. However, while you are ensuring to build your emergency funds and other back up funds alongside your investment, also ensure to allocate and manage your resources properly

This is something a lot of individuals over look everybod talks about investing and holding but not enough people that talk about having a solid back up plan if your day to day finances are not in order it's easy to panic and sell when things get rough building emergency funds and managing income properly really makes all the difference at the end what's matters is discipline just as much as the investment.
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Today at 01:02:33 PM
 #14267


The only way an investor can keep his hands off his investment is, if he has something else to fall back on without disturbing his assets, that is the major reason it is advisable to be financially stable before engaging in investment else the person will not grow not even a bit because as he will be tempted to go back to his investment, no human can advance financial with this act, but with something else to hold on with them the long term investment becomes the best option and the investor grows financially, so having other means of income is best as it sustains and help with solving other personal issues involving money.
Look buddy, even though there’s a bit of truth to what you said here ,I still believe you’re wrong for saying that financial stability is the prerequisite to invest in bitcoin when In fact all that really matters is having discretionary income and knowing how to use it properly in your investment.and not to forget discipline because you mentioned in your above write-up that the only way an investor can keep his hand off his investment is by having another source of income to fall back on. Well I’m here to tell you that the only way a person can can hands off their investment is by having Psychological discipline because it is what will keep a person from dipping into their investments prematurely.

Financial stability is good, but it is not the compulsory or basics for starting up your investment or guarantees been able to HODL your assets for long. Even some folks who are financially stable may still tap from there investment or sell unplanned if they fail to build up back up funds from there discretionary which can help to sustain there investment in the days of lack and want.

Building an emergency funds and other back up funds are very necessary to help an investor HODL his assets longer. Another problem some investors have that tends to prevent them from holding there assets is there inability to ensure a proper income management and allocation. Some use there money carelessly, and this affects there ability to do a proper allocation, thus wasting there money on irrelevant things. However, while you are ensuring to build your emergency funds and other back up funds alongside your investment, also ensure to allocate and manage your resources properly

This is something a lot of individuals over look everybod talks about investing and holding but not enough people that talk about having a solid back up plan if your day to day finances are not in order it's easy to panic and sell when things get rough building emergency funds and managing income properly really makes all the difference at the end what's matters is discipline just as much as the investment.


The reason people talk about investing and holding for long term is because it has been observed that, it is the best way to go about Bitcoin because the short term won't give success due to the volatile nature of Bitcoin. While people are advised and recommend to invest for long term they also need to learn to figure out their discretionary income so they won't panic or sell because the reason some people Panic or sell most times is because they lack the knowledge of using discretionary income to accumulate.











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Grease5000
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Today at 01:58:00 PM
 #14268

The only way an investor can keep his hands off his investment is, if he has something else to fall back on without disturbing his assets, that is the major reason it is advisable to be financially stable before engaging in investment else the person will not grow not even a bit because as he will be tempted to go back to his investment, no human can advance financial with this act, but with something else to hold on with them the long term investment becomes the best option and the investor grows financially, so having other means of income is best as it sustains and help with solving other personal issues involving money.

We need to create an emergency fund, reserve fund, cash fund to deal with unexpected financial disasters or to protect our holdings. There is no guarantee that we will be able to hold our investments in the long term if we have a stable income. There are also many people who do not have a stable source of income but they are investing consistently and along with that they are creating funds to protect their holdings. It is very important for a person to have the ability to manage his financial situation properly. When a person is able to manage his financial situation properly then he will be able to find discretionary income from the unstable source of income. But one who cannot manage his financial situation properly even if his income is stable and even if his income is very high then he may not find discretionary income. According to @JayJuanGee sir if we follow the path of thought or his shown path then we do not need stable income to invest or we do not need additional source of income rather we need discretionary income to invest.
Real investment.is not about what you buy or the amount  you buy, it is about how.long you.can hold on to it without selling. Without stable income even the best strategies fail under pressure.

The best investors separate survival  from investing one pays the bill while the other grows wealth.
Finebone
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Today at 02:25:19 PM
 #14269

Real investment.is not about what you buy or the amount  you buy, it is about how.long you.can hold on to it without selling
When investing in Bitcoin, the two most important thing you need to watch out for while investing is the size of stash you were able to accumulate, because it's what's going to determine how profitable and successful you are going to be later in the future if Bitcoin can go as high as a million dollar.
Then the second thing is how long you can hold, so I agree with you that the longevity of your holdings capacity plays an important role to the successful of your bitcoin investment, since Bitcoin is an asset that appreciates it value overtime.

Quote
. Without stable income even the best strategies fail under pressure.
You are getting it wrong here mate, a stable income guarantees nothing, what I see as the most important thing is your discretionary income, because it's what maintain your ability to invest in bitcoin consistently, not a stable income, or don't you know that some investors can't figure out their discretionary income to invest with, from their stable income because it's too small to take proper care of their basic needs?
so a discretionary income is what is needed, not a stable income.

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Today at 03:26:05 PM
 #14270


The only way an investor can keep his hands off his investment is, if he has something else to fall back on without disturbing his assets, that is the major reason it is advisable to be financially stable before engaging in investment else the person will not grow not even a bit because as he will be tempted to go back to his investment, no human can advance financial with this act, but with something else to hold on with them the long term investment becomes the best option and the investor grows financially, so having other means of income is best as it sustains and help with solving other personal issues involving money.
Look buddy, even though there’s a bit of truth to what you said here ,I still believe you’re wrong for saying that financial stability is the prerequisite to invest in bitcoin when In fact all that really matters is having discretionary income and knowing how to use it properly in your investment.

If you're buying bitcoin regularly then you need to be financially stable, because there's no way you can maintain your regular buying of bitcoin if you don't have a stable source of income, I'm not disputing with you when you said that what is required to get started with bitcoin investment is our discretionary income yet we still need a stable source of income to enable us maintain the ongoing buying of bitcoin.  I think what Bryan jessy is trying to explain here is having emergency funds but she twisted it by saying that an investor need something else to fall back on without disturbing thier assets that's in terms of emergency, and surely it is good to have emergency funds while accumulating bitcoin so that when emergency need arises we can easily get it figured out through our emergency funds.

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Today at 03:34:55 PM
 #14271


The importance of DCA strategy and the continuity of investment through this strategy must be ensured first of all, our main long-term investment strategy must be DCA, then based on financial capacity, if we want, we can buy at a dip price, but for this we must use separate money which is not our necessary money, that is, only if we have additional financial benefits can we buy such dips. However, in the beginning and our main goal should be continuous investment, this should be ensured first of all, the rest of the strategies are only an optional strategy, it is good to do this, there is nothing negative if you do not do it, this is why we must first give importance to long-term and continuous strategies like DCA.

You are right, it is very important to maintain continuity in investing in Bitcoin and in this continuity, the DCA method is at the top of almost everyone's choice. And along with this, we need to be aware in advance to protect the invested money, that is, to protect Bitcoin, which is why we should also ensure emergency funds so that Bitcoin is protected in case of any serious need.
ChocolateBitcoinK
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Today at 03:56:18 PM
 #14272


The importance of DCA strategy and the continuity of investment through this strategy must be ensured first of all, our main long-term investment strategy must be DCA, then based on financial capacity, if we want, we can buy at a dip price, but for this we must use separate money which is not our necessary money, that is, only if we have additional financial benefits can we buy such dips. However, in the beginning and our main goal should be continuous investment, this should be ensured first of all, the rest of the strategies are only an optional strategy, it is good to do this, there is nothing negative if you do not do it, this is why we must first give importance to long-term and continuous strategies like DCA.

You are right, it is very important to maintain continuity in investing in Bitcoin and in this continuity, the DCA method is at the top of almost everyone's choice. And along with this, we need to be aware in advance to protect the invested money, that is, to protect Bitcoin, which is why we should also ensure emergency funds so that Bitcoin is protected in case of any serious need.
We have to think about all aspects in order to sustain the investment in the long term. And among them, emergency fund are one of the most important things. There are many who do not give much importance to emergency funds, they think that their financial situation will always remain stable, but the reality is different, people's situations are not always the same and as a result they face unexpected financial situations. At the same time, for those who have not prepared a separate emergency fund for emergencies, during unexpected situations, everything goes wrong for them, as a result of which the situation can ultimately push their investment towards failure. Therefore, it should be understood that there will always be uncertainty in life, and being prepared in all aspects to deal with this uncertainty is a responsible investor. We have to be very careful about our security, because this is a long-term journey, so if there is any deficiency in security issues here, that little weakness can lead us to failure.

BitBakerr1
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Today at 04:05:45 PM
 #14273


The importance of DCA strategy and the continuity of investment through this strategy must be ensured first of all, our main long-term investment strategy must be DCA, then based on financial capacity, if we want, we can buy at a dip price, but for this we must use separate money which is not our necessary money, that is, only if we have additional financial benefits can we buy such dips. However, in the beginning and our main goal should be continuous investment, this should be ensured first of all, the rest of the strategies are only an optional strategy, it is good to do this, there is nothing negative if you do not do it, this is why we must first give importance to long-term and continuous strategies like DCA.

You are right, it is very important to maintain continuity in investing in Bitcoin and in this continuity, the DCA method is at the top of almost everyone's choice. And along with this, we need to be aware in advance to protect the invested money, that is, to protect Bitcoin, which is why we should also ensure emergency funds so that Bitcoin is protected in case of any serious need.
One of the things that we should do in order to protect our bitcoin investment is to have an emergency funds, when you have a very strong emergency funds you will protect your bitcoin investment very well, right now I usually fear if I notice that my emergency funds is reducing or becoming weaker, the reason why I fear is because if anything should happen that needs financial attention and my emergency phones can’t solve it. The next option is to depend on bitcoin, and I really don’t want that to happen so I usually make my emergency or backup funds very strong, whenever I use it to solve an emergency issue. I do everything possible to make sure that I replaced the money I have spent or taking from the emergency funds, when your backup funds or emergency funds are very strong and active believe me you will not have any reason to dip hands inside your bitcoin.











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Hardyrobust
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Today at 04:20:18 PM
 #14274


The importance of DCA strategy and the continuity of investment through this strategy must be ensured first of all, our main long-term investment strategy must be DCA, then based on financial capacity, if we want, we can buy at a dip price, but for this we must use separate money which is not our necessary money, that is, only if we have additional financial benefits can we buy such dips. However, in the beginning and our main goal should be continuous investment, this should be ensured first of all, the rest of the strategies are only an optional strategy, it is good to do this, there is nothing negative if you do not do it, this is why we must first give importance to long-term and continuous strategies like DCA.

You are right, it is very important to maintain continuity in investing in Bitcoin and in this continuity, the DCA method is at the top of almost everyone's choice. And along with this, we need to be aware in advance to protect the invested money, that is, to protect Bitcoin, which is why we should also ensure emergency funds so that Bitcoin is protected in case of any serious need.
One of the things that we should do in order to protect our bitcoin investment is to have an emergency funds, when you have a very strong emergency funds you will protect your bitcoin investment very well, right now I usually fear if I notice that my emergency funds is reducing or becoming weaker, the reason why I fear is because if anything should happen that needs financial attention and my emergency phones can’t solve it. The next option is to depend on bitcoin, and I really don’t want that to happen so I usually make my emergency or backup funds very strong, whenever I use it to solve an emergency issue. I do everything possible to make sure that I replaced the money I have spent or taking from the emergency funds, when your backup funds or emergency funds are very strong and active believe me you will not have any reason to dip hands inside your bitcoin.
Having a reserve funds is really crucial for holding bitcoin for a long term. Without reserve funds a long term holders may have difficulty in being able to hold bitcoin to there expected timeline because if something should happen that was never planned for they will be left with no other options but to fall back to there bitcoin investment and end up ruining there long term plans of holding bitcoin.
Not having a strong emergency funds shouldn't be a reason why people shouldn't start investing in bitcoin because most people may think that they must have a strong emergency funds before they can actually start accumulating bitcoin. They can start accumulating bitcoin provided the discretionionary income is there and then works towards achieving or having a good emergency funds.

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Today at 04:24:43 PM
 #14275

The only way an investor can keep his hands off his investment is, if he has something else to fall back on without disturbing his assets, that is the major reason it is advisable to be financially stable before engaging in investment else the person will not grow not even a bit because as he will be tempted to go back to his investment, no human can advance financial with this act, but with something else to hold on with them the long term investment becomes the best option and the investor grows financially, so having other means of income is best as it sustains and help with solving other personal issues involving money.
Basically, financial stability is not mandatory and there is no need for it when starting an investment. It is necessary to use your own discretionary income when investing in Bitcoin. It is through this discretionary income that you can build up a system like emergency and reserve funds, which will help you sustain your investment during financial crises. An emergency fund along with other supporting funds is very important for an investor to hold his assets for a long time. And when we start investing with discretionary income, it will gradually become long-lasting.
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Today at 04:27:41 PM
 #14276

The only way an investor can keep his hands off his investment is, if he has something else to fall back on without disturbing his assets, that is the major reason it is advisable to be financially stable before engaging in investment else the person will not grow not even a bit because as he will be tempted to go back to his investment, no human can advance financial with this act, but with something else to hold on with them the long term investment becomes the best option and the investor grows financially, so having other means of income is best as it sustains and help with solving other personal issues involving money.
I have some question for you, do you understand what left over funds is? I ask again do you know what discretionary income? Let me give you a curios answer to that, discretionary income is that left over funds I ask you of, I also hope you know that it is what we are adviced to invest with in Bitcoin, an investor that knows this and continue to invest with it may not have any problem.
Are you trying to tell us that why investors invest in Bitcoin is to keep tampering it when the have emergency needs, have you not heard about emergency funds, the best an investor can do for himself is to build his emergency funds he is investing in Bitcoin so that when emergency comes knocking, he can easily lay his hands of on such fund to fix the issue, are you sure that you are an investor, your statement on that aspect is not right, I feel that you have not listening to learning, dude increasing your source of income is good as an investor but tampering your investment does not show that you were prepared for the investment, emergency fund, back up funds, all of them are important to us as investors, and for us to maintain our investment, we must make them part of the deal.
It is generally recommended to invest in Bitcoin with discretionary income because this is the remaining money that is left after meeting all the needs, due to which the investment is not stressful. However, in the case of Bitcoin investment, an emergency fund should be prepared so that the investment does not have to be sold in an emergency. However, many people are hesitant whether to create an emergency fund before investing or after investing. According to my knowledge, 3 to 6 months of money should be kept in the emergency fund, which will protect us in case of sudden job loss, physical illness, or danger. In this case, someone can start investing by preparing an emergency fund, which ensures security from the beginning of the investment. However, many people do not want to delay the investment by spending time on creating an emergency fund before investing. However, in this case, someone can invest by preparing a partial fund or create an emergency fund along with the investment. However, an emergency fund is not an alternative, but rather it is the basis of our financial security. Therefore, if someone ignores the emergency fund and spends the entire money only on investment, there is a high possibility of creating a situation where the investment is forced to be broken.

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Today at 04:48:10 PM
 #14277

The only way an investor can keep his hands off his investment is, if he has something else to fall back on without disturbing his assets, that is the major reason it is advisable to be financially stable before engaging in investment else the person will not grow not even a bit because as he will be tempted to go back to his investment, no human can advance financial with this act, but with something else to hold on with them the long term investment becomes the best option and the investor grows financially, so having other means of income is best as it sustains and help with solving other personal issues involving money.

We need to create an emergency fund, reserve fund, cash fund to deal with unexpected financial disasters or to protect our holdings. There is no guarantee that we will be able to hold our investments in the long term if we have a stable income. There are also many people who do not have a stable source of income but they are investing consistently and along with that they are creating funds to protect their holdings. It is very important for a person to have the ability to manage his financial situation properly. When a person is able to manage his financial situation properly then he will be able to find discretionary income from the unstable source of income. But one who cannot manage his financial situation properly even if his income is stable and even if his income is very high then he may not find discretionary income. According to @JayJuanGee sir if we follow the path of thought or his shown path then we do not need stable income to invest or we do not need additional source of income rather we need discretionary income to invest.

It is not right to think that stable income is basically not needed, or that somehow income stability is less important. And with proper management, discretionary income can be generated from unstable income. Yes, it can be in many cases. But not in all cases. Some people's income is so low or so irregular that no matter how disciplined it becomes practically difficult to generate anything extra amount.

You mentioned @JayJuanGee sir. He has discussed this fund management in many details and in various ways. First of all, according to JJG sir, stable income is not absolutely mandatory for investing. He clearly said that DCA can be done even when discretionary funds are available. Income does not have to be perfectly stable or regular. Along with this, he also says that discretionary income means what is left after deducting basic expenses, and that discretionary income also has multiple uses. For example, there can be investment, save back up, and various other types of expenses. That means he is not saying that just by seeing discretionary income, you have to spend it to buy all the bitcoins. Rather, he repeatedly shows that even within discretionary money there are choices, and those choices depend on your own comfort, goals, and circumstances.

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Today at 05:03:40 PM
 #14278

Real investment.is not about what you buy or the amount  you buy, it is about how.long you.can hold on to it without selling
When investing in Bitcoin, the two most important thing you need to watch out for while investing is the size of stash you were able to accumulate, because it's what's going to determine how profitable and successful you are going to be later in the future if Bitcoin can go as high as a million dollar.
I don't agree, it's true that what you invest determines your gain in future if things go well but I think you are getting it twisted Abit. The size of your stash shouldn't be what you should watch out because you only get to invest what you have left after taking care of expenses and forcing aggressiveness could affect your investment so instead you should focus on building emergency funds and reserve fund to back up your investment and protect them so you can remain committed to your long term goal. As you do this you can increase your allocated amount for investment if your income allows it without any discomfort.

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Today at 05:15:39 PM
 #14279

. According to my knowledge, 3 to 6 months of money should be kept in the emergency fund, which will protect us in case of sudden job loss, physical illness, or danger.
I think three months of emergency funds is enough because it takes a long time to set up three months of your monthly expenses like one year and above especially, for investors with low discretionary income. Such investors will find it difficult to build six months of their monthly expenses as their emergency funds.

Secondly, it wouldn't be wise to hold too much of cash back because fiat loses value overtime. This is why instead, of holding too much fiat, you should set up your emergency funds of at least three months and increase your bitcoin accumulation pace with your discretionary income.

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Today at 05:30:45 PM
 #14280

One good thing about the DCA patterns of buying bitcoin is that it allows an investor to buy bitcoin at any market price, so you won’t say that the DCA have a particular best time to buy, the only best time to buy bitcoin With the DCA is when an investor have a discretionary income to use for bitcoin accumulation. Anyone who’s ongoingly buying bitcoin with the DCA will have the experience of buying bitcoin regularly at any market price as he don’t have to wait for any time of the market before buying bitcoin. Once the investor is able to figure out a discretionary income is the best time to just buy bitcoin with the DCA method and hold for long term.

The best time to buy anything is when the price drops so you will be in profit when it increases in price but Bitcoin DCA long term investment doesn't quite follow this pattern. When you're specifically on DCA strategy to accumulate Bitcoin for many years it is better not to wait for dip before you buy because it can cause distractions for the smooth running of the long term accumulation plan. Since we expect that Bitcoin will increase more than any price we buy presently even if we're buying at ATH we should concentrate on continues accumulation rather than waiting for a perfect entry point into the market before buying.

Anytime is the best time to buy Bitcoin, because it is very possible that a person waiting for the price of Bitcoin to drop may never see the price they have in mind. As long as they intend to keep their Bitcoin for a long period of time, it is possible that they will still make a reasonable profit.Most of the time, those who use the DCA method are people who do not have a large amount of money, or those whose income comes in monthly or weekly, or those who are afraid that the price of Bitcoin may drop. If someone strongly believes in Bitcoin investment, investing their money at once should not be a big problem.I know that the DCA strategy is one of the best ways to accumulate Bitcoin, but that does not mean that if someone does not use the DCA method, they cannot make a reasonable profit.

"Any time is the best time to buy Bitcoin " is DCA vibes, DCA that doesn't care about the price. Unlike lump sum that can easily go with waiting for the dip.
It is not general that low income earners or monthly/weekly income earners are the people who use DCA strategy. Not to forget, some people invest from already existing discretionary funds yet choose DCA strategy and using DCA strategy has nothing to do with believing in Bitcoin or not. It's personal financial decision to choose any investment strategy.
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