Buy Buy Buy or Sell Sell Sell?

[SuperBitMan]

I think being aggressive is base on one choice though , even those that have gone far in their bitcoin accummulation and holding can also choose to be aggressive, is just most folks that haven't gotten to a good point in their accumulation and the once that are usually aggressive just to give their accumulation some boost . The reason why most people choose to be aggressive is because it will help time to fasting up things for them in their accumulation, but one thing is for sure don't over do it .

For instance a guy might earning $100 weekly, so he started his bitcoin accumulation with $25 weekly from his weekly earning which is around 25% . Then he decided that he want to fasten things up , so that he can increase the chances of getting himself some nice bitcoin stashes fast then he decided to use %50 percentage of his weekly earning instead, which is $50. At that moment that folks as become more aggressive in his bitcoin stashes than he used to .

Being aggressive should be based on the size of your discretionary income and the size of your emergency funds. Taking by your example if the person discretionary income out of $100 is $50 and he use the other $50 for his weekly needs, he can invest $25 easily without a problem but if you increase it 50% which is $50 because you want it invest aggressively, it might affect you somehow because you will be left without any funds after using the other $50 for your weekly needs. But if you use $45 to buy bitcoin, I think thia is a fair way of aggressiveness, because you still have extra $5 to spend on whatever you want.

However, maybe there are some folks that 50% of their income is their discretionary and they might be able to invest all of it into bitcoin due to their level of aggressiveness and it will not affect their bitcoin investment, but for me, it will be somehow like a burden. Someone with a large discretionary income can be more aggressive than someone with a small discretionary income. Imagine that another investor B collects $100 to like the investor above but his weekly expenses is $70, he can only invest $25 as being aggressive.

You are correct.
One of the reasons why some people dip hands into there Bitcoin even when they have not Accumulated enough or met there target of accumulation is because of being aggressive in there Bitcoin investment, some people become aggressive without having the necessary things needed which is good backup funds and a good source of income, I'm not saying one can't be aggressive in his or her Bitcoin investment but before you can become aggressive make sure you have a good source of income that will also reflect on your discretion income and a good backup funds now the reason for this so you won't get into a fuck you state where you will be lift with no option than to dip hands into your Bitcoin investment.

Every Bitcoin investor needs to have a backup funds because without it you may end up dipping hands into your Bitcoin investment one day.
Backup funds helps you when you hit a fuck you state, a state were you have no money with you anymore and you remember you have a backup funds you have been saving you just dip hands into it and keep accumulating your Bitcoin without interruption, one thing that draw some people backward in Bitcoin investment is interruption that leads to dip hands into there Bitcoin investment but backup funds helps to eliminate such things.

Being aggressive in your Bitcoin accumulation does not mean that one have ignored important ingredients like setting aside emergency funds and sometimes reserve funds. Being aggressive simply means how much of your capital you can ongoingly invest in Bitcoin after meeting your basic needs and other important requirements such as I have mentioned before. If you ignore the need to set aside emergency funds, then there is high chance of touching the investment and I would say this is the reason most people sell their Bitcoin to settle simple things that the emergency funds would have taken care of.

If I decide to invest 40% of my income into Bitcoin after I have set aside like 20% of my income as emergency funds, in a situation whereby the remainder can take care of my needs, I will be termed aggressive investor compared to someone who invest as low as 15% of his funds. This is what I see as being aggressive and it does not mean that someone who adopt this method will sell the Bitcoin unplanned because he has already take care of the situations that woud have made him to sell.

If you ignore those important ingredients which are having a good backup funds and good source of income before you becoming aggressive in your Bitcoin investment you will surely dip hands into your Bitcoin investment, so before you become aggressive in your Bitcoin accumulation you need to have a good source of income and a good backup funds.
Now when we talk about aggressive Bitcoin accumulation is in different ways one may choose to use more than half of his discretion income to accumulate Bitcoin weekly or monthly which is not the way he those before and the other person may choose to use all his discretion income to accumulate, now when you have a good backup funds and a good source of income you can cover up and it won't affect you but if you don't have them it will affect you and it may lead to you dipping hands into your Bitcoin investment.

[cryptoWODL]

If you ignore those important ingredients which are having a good backup funds and good source of income before you becoming aggressive in your Bitcoin investment you will surely dip hands into your Bitcoin investment, so before you become aggressive in your Bitcoin accumulation you need to have a good source of income and a good backup funds.
Now when we talk about aggressive Bitcoin accumulation is in different ways one may choose to use more than half of his discretion income to accumulate Bitcoin weekly or monthly which is not the way he those before and the other person may choose to use all his discretion income to accumulate, now when you have a good backup funds and a good source of income you can cover up and it won't affect you but if you don't have them it will affect you and it may lead to you dipping hands into your Bitcoin investment.

Why are you aggressively investing in Bitcoin if you have a fixed source of income? Investors are prioritized to have a fixed source of income in the early stages so that they can continuously purchase Bitcoins through the DCA strategy without any interruptions. There is a difference between a fixed source of income and a backup fund. A fixed source of income in the case of investment refers to the amount of money the person making the investment earns monthly from a job or business. He will regularly buy bitcoins with the remaining money from his monthly income excluding family maintenance and other expenses.

It is important to have a backup fund so that the individual does not have to sell his Bitcoin investment in the event of an emergency. Moreover, many investors keep backup funds in their investments with the DCA strategy, essentially for buying in lump sump. When they face dumping periods in the market, they take the opportunity to buy more bitcoins with the backup funds at lower prices.

[SuperBitMan]

If you ignore those important ingredients which are having a good backup funds and good source of income before you becoming aggressive in your Bitcoin investment you will surely dip hands into your Bitcoin investment, so before you become aggressive in your Bitcoin accumulation you need to have a good source of income and a good backup funds.
Now when we talk about aggressive Bitcoin accumulation is in different ways one may choose to use more than half of his discretion income to accumulate Bitcoin weekly or monthly which is not the way he those before and the other person may choose to use all his discretion income to accumulate, now when you have a good backup funds and a good source of income you can cover up and it won't affect you but if you don't have them it will affect you and it may lead to you dipping hands into your Bitcoin investment.

Why are you aggressively investing in Bitcoin if you have a fixed source of income? Investors are prioritized to have a fixed source of income in the early stages so that they can continuously purchase Bitcoins through the DCA strategy without any interruptions. There is a difference between a fixed source of income and a backup fund. A fixed source of income in the case of investment refers to the amount of money the person making the investment earns monthly from a job or business. He will regularly buy bitcoins with the remaining money from his monthly income excluding family maintenance and other expenses.

It is important to have a backup fund so that the individual does not have to sell his Bitcoin investment in the event of an emergency. Moreover, many investors keep backup funds in their investments with the DCA strategy, essentially for buying in lump sump. When they face dumping periods in the market, they take the opportunity to buy more bitcoins with the backup funds at lower prices.

Who is talking about a fixed source of income we are talking about having a good source of income and is very important one has a good source of income before he or she can engage in aggressive accumulation.
For example if you are earning $1k every week and all your expenses for a week is $400 that means you have $600 as your Discretionary income, and if you are earning $2k weekly and your expenses for a week is still $400 that means you have $1600 as your Discretionary income meaning that your Discretionary income is more than your expenses being aggressive in one's Bitcoin investment in this kind of situation won't have much effect on you because you have a good source of income and no matter what happens one can easily get back up.
Now if you are earning $100 weekly and your expenses for a week is $70 that means your Discretionary income $30 getting into aggressive Bitcoin investment may really affect you very well and if it those getting back up will be difficult and that may lead you to dip hands into your Bitcoin investment and in some case that may be the end of your Bitcoin investment.

[Ricardo11]

If you ignore those important ingredients which are having a good backup funds and good source of income before you becoming aggressive in your Bitcoin investment you will surely dip hands into your Bitcoin investment, so before you become aggressive in your Bitcoin accumulation you need to have a good source of income and a good backup funds.
Now when we talk about aggressive Bitcoin accumulation is in different ways one may choose to use more than half of his discretion income to accumulate Bitcoin weekly or monthly which is not the way he those before and the other person may choose to use all his discretion income to accumulate, now when you have a good backup funds and a good source of income you can cover up and it won't affect you but if you don't have them it will affect you and it may lead to you dipping hands into your Bitcoin investment.

Why are you aggressively investing in Bitcoin if you have a fixed source of income? Investors are prioritized to have a fixed source of income in the early stages so that they can continuously purchase Bitcoins through the DCA strategy without any interruptions. There is a difference between a fixed source of income and a backup fund. A fixed source of income in the case of investment refers to the amount of money the person making the investment earns monthly from a job or business. He will regularly buy bitcoins with the remaining money from his monthly income excluding family maintenance and other expenses.

It is important to have a backup fund so that the individual does not have to sell his Bitcoin investment in the event of an emergency. Moreover, many investors keep backup funds in their investments with the DCA strategy, essentially for buying in lump sump. When they face dumping periods in the market, they take the opportunity to buy more bitcoins with the backup funds at lower prices.

It is very important for us to have a strong source of income to continue investing in Bitcoin uninterruptedly for a long time. Because in order to profit from this Bitcoin investment, we must adopt the DCA strategy, and to continue this DCA on a regular basis, there must be an income that will pay you regularly and uninterruptedly. And after buying Bitcoin DCA we need to have a reliable guaranteed income as well as emergency fund, reserve fund and backup fund to hold it regularly for a long time. In short, we have to keep all kinds of measures ready to continue our investment for a long time. Only then we can gain profit from it.

[DubemIfedigbo001]

Most time those that wait instead of accumulating are those that have already gotten their fuck you status or have gotten to their accumulation, but I believe that most of them still purchase some portion of bitcoin but not as aggressive they were back then . And yeah if you can hold bitcoin for long you have already reduced the chances of you selling I loss , asking you keep purchasing, and keep taken the dip to your advantages.

People who are still able to hold the Bitcoin they have bought before and continue to buy at this time even though they are not so aggressive are people who have felt good profits through Bitcoin so that they are still enthusiastic about continuing to buy Bitcoin on any exchange without any hesitation to experience losses. Because people who already like and believe in Bitcoin will continue to do things like that at all times even though the conditions are sometimes different, but they still will not doubt the potential of Bitcoin.

It is possible and an encouraging factor when your investment starts turning profitable, especially in bitcoin, but I kind of don't totally buy into your analogy because if it is only by seeing profits in your investments that motivates you, then what happens when there is a price correction or what happens after the bull run when the price of bitcoin starts retracing backwards? In such scenario the motivation of the investor is lost and he might stop accumulating or worse still sell off out of lack of motivation. Such investor has drawn his motivation from the wrong course, instead you should have an accumulation target at heart and draw your motivation from the fact that you are following your plan with commitment and nearing your target as the days goes by and also draw your motivation from the fact that you are securing your financial future and not just what is happening presently. Any investor should not let short-term distractions harm him/her long-term benefits.

Whether or not you share the reasons for your goal or the date with anyone else may well be a personal choice, since some people feel that they need external accountability or external validation of their various goals, yet other people might feel that they are able to keep themselves sufficiently accountable and even validated through their own internal dialogue and their own quest to stick with the goals that they had already set for themselves.

When it comes to finances and especially bitcoin, I love to always remain anonymous with my progress for so many personal and security concerns, I take my security as a very serious concern and having an accountability partner who knows exactly my bitcoin financial mark is a possible security breach for me since A third party is involved and he might unknowingly or knowingly reveal my confidential information to a frenemy(Enemy in Friend clothing) and I might be in danger without even knowing. So I welcome accountability partners in every other walk of life, but on my finances, it is a big negative from me. I rather stay private on that.

Sometimes we might also come to realize that either our higher level goal is unrealistic or that we really do not want to achieve that higher level goal, since maybe we become more enlightened or even learn more about ourselves during the several years that we may well have had spent pursuing that higher level goal, and whether we merely tweak the higher level goal to become some variation of the earlier goal or perhaps we end up completely abandoning the higher-level goal and we end up creating a completely different higher level goal, we still likely learn more about ourselves by going through such process, even if there may be some sense that we are having to start over again or go down a path that is slightly different than what we had speculated it to be at an earlier date.

Rightly said, the more we live on earth, the more we know ourselves better and amend our plans/targets in life. But I think that it is better to have a very big picture in mind and set milestones and realistic ones for that matter to achieve that big goal, we can amend it as we become more aware of ourselves but not deviating from it. for example, if I have in mind to achieve accumulation of 10 BTC, I can start with targeting accumulating 0.5BTC for a start and set a timeline for it. Currently I might only have $500 monthly as discretionary income currently and invest $100 weekly through DCA and have a target of investing $5k into bitcoin this year, maybe by the next year I get a better hustle and my discretionary income increase to $1,500 then, I can upgrade my investment to $1,200 still with the same ratio of 4:5, and that goes on as my income increases, As soon as I hit that target, I would set a new target for 1BTC and follow suit. another good thing is that I have changed my plans and increased the allocation of my discretionary income to my investments, but I did not deviate from the original plan of which to achieve it which is that I would be investing with the ratio of 4:5. Now keeping this ratio constant would help me build the mindset that if I need more spare funds after my investments for fun activities, I must find ways to increase my discretionary income in such a way that after the percentage for investment is gone into investment, I would still have more funds left and not reducing my investment ratio. I feel such strictness in financial involvements is important in order to increase commitment to our investments.

Higher level goals are very good, now I might not even reach my big target which is 10BTC, but I would keep reaching my little milestones and marking many life successes which I would be proud of an investor on a long run.

[Proty]

If you ignore those important ingredients which are having a good backup funds and good source of income before you becoming aggressive in your Bitcoin investment you will surely dip hands into your Bitcoin investment, so before you become aggressive in your Bitcoin accumulation you need to have a good source of income and a good backup funds.
Now when we talk about aggressive Bitcoin accumulation is in different ways one may choose to use more than half of his discretion income to accumulate Bitcoin weekly or monthly which is not the way he those before and the other person may choose to use all his discretion income to accumulate, now when you have a good backup funds and a good source of income you can cover up and it won't affect you but if you don't have them it will affect you and it may lead to you dipping hands into your Bitcoin investment.

Why are you aggressively investing in Bitcoin if you have a fixed source of income? Investors are prioritized to have a fixed source of income in the early stages so that they can continuously purchase Bitcoins through the DCA strategy without any interruptions. There is a difference between a fixed source of income and a backup fund. A fixed source of income in the case of investment refers to the amount of money the person making the investment earns monthly from a job or business. He will regularly buy bitcoins with the remaining money from his monthly income excluding family maintenance and other expenses.

It is important to have a backup fund so that the individual does not have to sell his Bitcoin investment in the event of an emergency. Moreover, many investors keep backup funds in their investments with the DCA strategy, essentially for buying in lump sump. When they face dumping periods in the market, they take the opportunity to buy more bitcoins with the backup funds at lower prices.

It will be wrong for an investor to use his emergency fund in buying lumpsum . emergency fund is there for unforseen contingency such as illness ,car repairs etc and is not for accumulation of bitcoin and it makes it possible for an investor to be able to hold his bitcoin investment without   dipping hand into his investment whenever and emergency occur.long term investment is possible when you have an emergency fund, so if your bitcoin investment goal is targeted towards long term you need an emergency fund/ backup fund which is not for buying lumpsum rather the reserve fund is what should be use in buying lumpsum.

[JayJuanGee]

Most time those that wait instead of accumulating are those that have already gotten their fuck you status or have gotten to their accumulation, but I believe that most of them still purchase some portion of bitcoin but not as aggressive they were back then . And yeah if you can hold bitcoin for long you have already reduced the chances of you selling I loss , asking you keep purchasing, and keep taken the dip to your advantages.

People who are still able to hold the Bitcoin they have bought before and continue to buy at this time even though they are not so aggressive are people who have felt good profits through Bitcoin so that they are still enthusiastic about continuing to buy Bitcoin on any exchange without any hesitation to experience losses. Because people who already like and believe in Bitcoin will continue to do things like that at all times even though the conditions are sometimes different, but they still will not doubt the potential of Bitcoin.

I think being aggressive is base on one choice though , even those that have gone far in their bitcoin accummulation and holding can also choose to be aggressive, is just most folks that haven't gotten to a good point in their accumulation and the once that are usually aggressive just to give their accumulation some boost . The reason why most people choose to be aggressive is because it will help time to fasting up things for them in their accumulation, but one thing is for sure don't over do it .

For instance a guy might earning $100 weekly, so he started his bitcoin accumulation with $25 weekly from his weekly earning which is around 25% . Then he decided that he want to fasten things up , so that he can increase the chances of getting himself some nice bitcoin stashes fast then he decided to use %50 percentage of his weekly earning instead, which is $50. At that moment that folks as become more aggressive in his bitcoin stashes than he used to .

Being aggressive should be based on the size of your discretionary income and the size of your emergency funds. Taking by your example if the person discretionary income out of $100 is $50 and he use the other $50 for his weekly needs, he can invest $25 easily without a problem but if you increase it 50% which is $50 because you want it invest aggressively, it might affect you somehow because you will be left without any funds after using the other $50 for your weekly needs. But if you use $45 to buy bitcoin, I think thia is a fair way of aggressiveness, because you still have extra $5 to spend on whatever you want.

However, maybe there are some folks that 50% of their income is their discretionary and they might be able to invest all of it into bitcoin due to their level of aggressiveness and it will not affect their bitcoin investment, but for me, it will be somehow like a burden. Someone with a large discretionary income can be more aggressive than someone with a small discretionary income. Imagine that another investor B collects $100 to like the investor above but his weekly expenses is $70, he can only invest $25 as being aggressive.

You are correct.
One of the reasons why some people dip hands into there Bitcoin even when they have not Accumulated enough or met there target of accumulation is because of being aggressive in there Bitcoin investment, some people become aggressive without having the necessary things needed which is good backup funds and a good source of income, I'm not saying one can't be aggressive in his or her Bitcoin investment but before you can become aggressive make sure you have a good source of income that will also reflect on your discretion income and a good backup funds now the reason for this so you won't get into a fuck you state where you will be lift with no option than to dip hands into your Bitcoin investment.

Every Bitcoin investor needs to have a backup funds because without it you may end up dipping hands into your Bitcoin investment one day.
Backup funds helps you when you hit a fuck you state, a state were you have no money with you anymore and you remember you have a backup funds you have been saving you just dip hands into it and keep accumulating your Bitcoin without interruption, one thing that draw some people backward in Bitcoin investment is interruption that leads to dip hands into there Bitcoin investment but backup funds helps to eliminate such things.

You are convoluting a lot of terms which causes your recommendation to be quite confusing and even we might have no where to go if we cannot figure out how describe things with a bit more clarity.

There are ways of being aggressive in your bitcoin accumulation without being overly aggressive, so if a person is taking too many risks and not establishing back up funds and back up systems in order to make sure that he is not engaging in too much risk, that is not a problem of merely being aggressive but is a product of being overly aggressive and perhaps somewhat blind. 

Many of us, including yours truly, recommend that guys should attempt to be as aggressive as they can in regards to their accumulation of bitcoin without over doing it, yet getting off zero is another important consideration, since even a person with a relatively modest and even whimpy bitcoin approach is still likely going to be in a better  position merely by getting into bitcoin and establishing a bitcoin plan, even if he might have chosen to be a bit whimpy in his accumulation of bitcoin.

You also seem to not understand the meaning of getting to fuck you status.  Are you doing it on purpose?  who knows, since it seems that you are purposefully throwing out terms and then describing the terms in weird-ass ways that are not really consistent with the ways in which many of us have been discussing the terms in this thread and other related threads in the forum.   Sure every once in a while we need to clarify terms, and anyone using terms that are used might either need to make sure he understands the terms or perhaps ask about the terms if he might not be sure about whether he understands the terms.

Generally speaking fuck you status is a place that many people want to arrive, which largely entry-level fuck you status would be a place in which we no longer need to work and we can be sustained by our investment.. So we have a choice whether to work or not, and if we can manage our investment, then perhaps perpetually we would be able to live off of the investment or maybe at least as long as we are going to be alive, so for example, some folks might get to a place in which financially they don't  need to work any more and their investment level is able to sustain their standard of living, and surely if our timeline for how long that we are going to live is not clear, then we would want our investment level to largely be high enough that we would ONLY be drawing upon the interest (or yield or growth) of the investment rather than dipping into the principle of the investment. 

If we know our timeline, such as we anticipate 5 or 10 years, then we might choose to draw down our principle too during that time, yet part of the problem is not really knowing our timeline, and no one really wants to outlive their investment, so there can be some difficulties figuring out how to time our investment amount and our no longer needing it, and there are some folks who philosophize about dying with zero. .which also seems lie a risky proposition. .since it could lead to a state of outliving our investments...

[edited out]

If you ignore those important ingredients which are having a good backup funds and good source of income before you becoming aggressive in your Bitcoin investment you will surely dip hands into your Bitcoin investment, so before you become aggressive in your Bitcoin accumulation you need to have a good source of income and a good backup funds.
Now when we talk about aggressive Bitcoin accumulation is in different ways one may choose to use more than half of his discretion income to accumulate Bitcoin weekly or monthly which is not the way he those before and the other person may choose to use all his discretion income to accumulate, now when you have a good backup funds and a good source of income you can cover up and it won't affect you but if you don't have them it will affect you and it may lead to you dipping hands into your Bitcoin investment.

You are not completely wrong SuperBitMan, even though you have some weird ways of saying things, which is that you are continuing to demonize the idea of being aggressive.

Yeah sure you are correct that those who have better back up funds and emergency funds are in a position to be more aggressive than those who don't have any of those kinds of funds,  yet the term aggressive is still somewhat relative, since there are a variety of ways that any of us can be aggressive which is that we might push limits even in regards to how we set up our emergency fund and invest into bitcoin at the same time which might be a bit aggressive or even overly aggressive, yet we might figure out some of those kinds of balances that are likely going to be necessary in our earliest years of building wealth and building up our various kinds of stashes.. including that there are a lot of people who likely have a lot of flexibility in both their income and in their expenses, so balances need to be figured out that might not always be clear but might also seem to require some level of aggressiveness (and proactiveness) in regards to how money is allocated while emergency/back up funds are built up and also BTC is built up and there also may well be a lot of time needed to spend learning while having to work to earn income and other kinds of struggles that seem to come more during the earliest years of building up our cashflow management and investing into bitcoin... so yeah, we don't want to end up overdoing any of the matters and invest $100 per week into bitcoin, but then find out that our income is not enough to cover our expenses and then we may or may not have a large enough emergency fund, and we really should not even be putting ourselves into any kind of a position that we need to touch our emergency fund, so yeah levels of aggressiveness versus whimpiness versus conservative versus proactive are on a bit of sliding scales and we have to figure out our balances to make sure we don't go overboard, but we can still choose whether to error on the side of whimpiness or aggressiveness and figure out if we might get ourselves into trouble in one direction or another if we might end up overly doing it in one direction or another.

You have been a forum member for less than 4 months, so it seems weird if you are overly aggressive in terms of describing general practices that need to be followed and maybe you should be describing those practices in terms of your own application of them so that we can figure out from where you are coming, since surely any of us can talk about these broad theories and what to do or not to do, but if we are not talking in terms of examples, then it may well end up being the case that we are not really relating how theory gets put into practice, including that it is probably better to also talk from your own experience if you are merely just buying bitcoin for the last 4 months or maybe you have been buying bitcoin longer than that and maybe you have other investment experiences too.. but if you are fairly early in your investment experience, then  sure it is relevant that you will be grappling with how aggressive that you are able to be in your bitcoin investment and having ongoing considerations about whether your emergency funds are big enough in light of your own particular financial and/or psychological circumstances.

Moreover, many investors keep backup funds in their investments with the DCA strategy, essentially for buying in lump sump. When they face dumping periods in the market, they take the opportunity to buy more bitcoins with the backup funds at lower prices.

Above you are describing buying the dip.  Lump sum is a different thing.  Lump sum refers to getting an income and buying right away.  If you choose to wait and buy the dip, you are no longer referring to lump sum, even though sure you buy with a lump sum , but you are buying the dip which is a different dynamic.

Buying the dip involves waiting for a dip, and lump sum involves buying right away when the money comes available.

[edited out]

Who is talking about a fixed source of income we are talking about having a good source of income and is very important one has a good source of income before he or she can engage in aggressive accumulation.
For example if you are earning $1k every week and all your expenses for a week is $400 that means you have $600 as your Discretionary income, and if you are earning $2k weekly and your expenses for a week is still $400 that means you have $1600 as your Discretionary income meaning that your Discretionary income is more than your expenses being aggressive in one's Bitcoin investment in this kind of situation won't have much effect on you because you have a good source of income and no matter what happens one can easily get back up.

With your two examples, being aggressive or being whimpy in regards to buying bitcoin has to do with how much of the discretionary income is used for buying bitcoin and we might not even agree with what percentage of the discretionary income used for BTC might cross over into aggressiveness.  So let's say with your two examples, that the person already has his emergency fund in place, so in the first example he has $600 available per week in his discretionary funds that he could use for buying bitcoin.  Probably many of us would consider anywhere between 70% and 100% invested into bitcoin ($420 to $600) would be somewhat aggressive and perhaps we would consider less than 20% (less than $120) to be whimpy, and perhaps anything between $120 and $420 to be modest.

I doubt that the definitions really change too much merely if our amount is $1,600 rather than $600, we still might consider levels of whimpiness versus aggressiveness largely based on percentages rather than absolute amounts, yet surely I can also see how absolute amounts could affect our considerations about whether the guy is being whimpy or aggressive, yet we don't really cross into overly aggressive territories until either the guy is high into the aggressive or even spending more than his discretionary income and perhaps the problem of overaggressiveness is made worse because he had not calculated his income and/or his expenses accurately or reasonably.

Now if you are earning $100 weekly and your expenses for a week is $70 that means your Discretionary income $30 getting into aggressive Bitcoin investment may really affect you very well and if it those getting back up will be difficult and that may lead you to dip hands into your Bitcoin investment and in some case that may be the end of your Bitcoin investment.

Why the fuck does the amount matter?

You have $30 discretionary income, so yeah, you don't have much to work with and maybe you should not be investing into bitcoin at all since you don't have much to work with, but still a guy can still decide to invest some amount into bitcoin, including up to the whole amount of the discretionary income, yet the only problem is that he has no margin to work with, so surely he would need to have an emergency fund or to be building his emergency fund simultaneously... and in this case an emergency fund would be somewhere in the ballpark of at least $900 to $1,300, which presumptively would cover expenses/income for 3 months.. ..so yeah, if a person does not have an adequate emergency fund then he would have to simultaneously build the emergency fund while investing into bitcoin (if he chooses to invest in bitcoin), and if the emergency fund is already in place then he could invest all of his discretionary income into bitcoin so long as he accurately calculated the amount...and investing all would be aggressive but not overly aggressive..but yeah people might disagree upon what thresholds are overlywhimpy, whimpy, moderate, aggressive or overly aggressive..  we use these kinds of terms to get bearings on the ideas but we do not need to agree exactly when the thresholds cross from one status to another since those are individual choices to figure out levels that are comfortable for the guy's personal financial and psychological situation.

If you ignore those important ingredients which are having a good backup funds and good source of income before you becoming aggressive in your Bitcoin investment you will surely dip hands into your Bitcoin investment, so before you become aggressive in your Bitcoin accumulation you need to have a good source of income and a good backup funds.
Now when we talk about aggressive Bitcoin accumulation is in different ways one may choose to use more than half of his discretion income to accumulate Bitcoin weekly or monthly which is not the way he those before and the other person may choose to use all his discretion income to accumulate, now when you have a good backup funds and a good source of income you can cover up and it won't affect you but if you don't have them it will affect you and it may lead to you dipping hands into your Bitcoin investment.

Why are you aggressively investing in Bitcoin if you have a fixed source of income? Investors are prioritized to have a fixed source of income in the early stages so that they can continuously purchase Bitcoins through the DCA strategy without any interruptions. There is a difference between a fixed source of income and a backup fund. A fixed source of income in the case of investment refers to the amount of money the person making the investment earns monthly from a job or business. He will regularly buy bitcoins with the remaining money from his monthly income excluding family maintenance and other expenses.

It is important to have a backup fund so that the individual does not have to sell his Bitcoin investment in the event of an emergency. Moreover, many investors keep backup funds in their investments with the DCA strategy, essentially for buying in lump sump. When they face dumping periods in the market, they take the opportunity to buy more bitcoins with the backup funds at lower prices.

It is very important for us to have a strong source of income to continue investing in Bitcoin uninterruptedly for a long time. Because in order to profit from this Bitcoin investment, we must adopt the DCA strategy, and to continue this DCA on a regular basis, there must be an income that will pay you regularly and uninterruptedly. And after buying Bitcoin DCA we need to have a reliable guaranteed income as well as emergency fund, reserve fund and backup fund to hold it regularly for a long time. In short, we have to keep all kinds of measures ready to continue our investment for a long time. Only then we can gain profit from it.

We do not have to have strong income or strong back up funds to invest into bitcoin, yet the stronger our income and back up funds the more aggressive we are able to be in our bitcoin investment.

There are a lot of people who have unreliable income and inconsistent expenses, and surely those kinds of people likely need more back up funds and emergency funds in order to not put themselves into a state of panic, but they are not excluded from being able to invest in bitcoin, but they likely have to establish their own cushions so that they never have to sell bitcoin at a time that is not of their own choosing and so that they are investing into bitcoin for 4-10 years or longer rather than trying to trade it.. since bitcoin investment should be coming from discretionary income rather than money that we actually need for our expenses.

[edited out]

....... another good thing is that I have changed my plans and increased the allocation of my discretionary income to my investments, but I did not deviate from the original plan of which to achieve it which is that I would be investing with the ratio of 4:5. Now keeping this ratio constant would help me build the mindset that if I need more spare funds after my investments for fun activities, I must find ways to increase my discretionary income in such a way that after the percentage for investment is gone into investment, I would still have more funds left and not reducing my investment ratio. I feel such strictness in financial involvements is important in order to increase commitment to our investments.

Many of us likely realize that a certain level of satisfaction comes from setting goals, reaching them and even exceeding them...which also comes from setting goals that are challenging but not unrealistic.

Higher level goals are very good, now I might not even reach my big target which is 10BTC, but I would keep reaching my little milestones and marking many life successes which I would be proud of an investor on a long run.

Frequently when we set high goals, we may well not even need to reach the pinnacle of the goal in order to still have high levels of satisfaction even if we might somewhere down the line realize that we are going to need to bring our pinnacle goal down based on real world events and how things might have ended up playing out somewhat differently than what we had tentatively planned at some earlier time (perhaps even having had set the goals 5-10 years earlier or even longer periods than that). 

If you ignore those important ingredients which are having a good backup funds and good source of income before you becoming aggressive in your Bitcoin investment you will surely dip hands into your Bitcoin investment, so before you become aggressive in your Bitcoin accumulation you need to have a good source of income and a good backup funds.
Now when we talk about aggressive Bitcoin accumulation is in different ways one may choose to use more than half of his discretion income to accumulate Bitcoin weekly or monthly which is not the way he those before and the other person may choose to use all his discretion income to accumulate, now when you have a good backup funds and a good source of income you can cover up and it won't affect you but if you don't have them it will affect you and it may lead to you dipping hands into your Bitcoin investment.

Why are you aggressively investing in Bitcoin if you have a fixed source of income? Investors are prioritized to have a fixed source of income in the early stages so that they can continuously purchase Bitcoins through the DCA strategy without any interruptions. There is a difference between a fixed source of income and a backup fund. A fixed source of income in the case of investment refers to the amount of money the person making the investment earns monthly from a job or business. He will regularly buy bitcoins with the remaining money from his monthly income excluding family maintenance and other expenses.

It is important to have a backup fund so that the individual does not have to sell his Bitcoin investment in the event of an emergency. Moreover, many investors keep backup funds in their investments with the DCA strategy, essentially for buying in lump sump. When they face dumping periods in the market, they take the opportunity to buy more bitcoins with the backup funds at lower prices.

It will be wrong for an investor to use his emergency fund in buying lumpsum . emergency fund is there for unforseen contingency such as illness ,car accident etc and is not for accumulation of bitcoin and it makes it possible for an investor to be able to hold his bitcoin investment without   dipping hand into his investment whenever and emergency occur.long term investment is possible when you have an emergency fund, so if your bitcoin investment goal is targeted towards long term you need an emergency fund/ backup fund which is not for buying lumpsum rather the reserve fund is what should be use in buying lumpsum.

Of course there are various ways to categorize our back up funds, and surely the emergency funds should have fairly strict terms upon whihc they are spent, and ideally we never ever have to spend our emergency funds, since even frequently actual emergencies might even be dealt with through other forms of back up funds and/or reserve funds without having to dip into actual emergency funds.

I consider back up funds to be a term that covers all of the categories of funds and then emergency funds, reserve funds and float are categories within the different kinds of back up funds.  It is good to know the difference between these kinds of funds, yet we frequently are also going to find that some people might interchange terms or they might not know the difference between the different kinds of funds, which surely it can be helpful to both figure out the difference and then also have some kind of an actual practice that makes sure to try to keep cushions and to prioritize between different kinds of money that might sometimes have specific designations, such as emergency funds is like the last set of funds before having to dip into our investments.. but then we might have different funds that serve for different specific purposes that we have, yet our purposes might change over time, whether they are set aside for buying bitcoin on dips or for some other purpose such as home repair, car repair, computer purchase, buying a bike for a daughter, taking spouse on a vacation, etc etc...some of those reserve funds have higher priorities than others in terms of relationship building/maintaining or even in terms of some kinds of expenses might help bring higher income or prevent loss of income.

[I_Anime]

Frequently when we set high goals, we may well not even need to reach the pinnacle of the goal in order to still have high levels of satisfaction even if we might somewhere down the line realize that we are going to need to bring our pinnacle goal down based on real world events and how things might have ended up playing out somewhat differently than what we had tentatively planned at some earlier time (perhaps even having had set the goals 5-10 years earlier or even longer periods than that).

That's true , having a goal most time make things exciting and put things at ease . Because for instance when one don't have target In his accumulation he or she may not be intense in his accumulation which may only delay the growth of his accumulation.

So like for me my goal is something that's possible for me to achieve I just need time and same time need to be consistent in my accumulation. And my goal also signify me of having enough bitcoin, because is better to take your time to build a better bitcoin stashes than to set a short accumulation goal , just because you're in eager to sell your bitcoin which is wrong because such act are mainly for short term investors or traders while for long-term we take our time to build something nice that will help In a long run .

[DubemIfedigbo001]

Permit me to say sorry for using the word "free" even though I have explained myself but I see many people are still repeating it. but if there where no campaign in this forum do you know many people would not have taken this forum seriously? Even myself. People would have go to a random site and asked how to invest in bitcoin and learn that without have been participating regular here. This avenue created another opportunity to Earn bitcoin which can be invested at ease, making DCA investment easy for those that has side husslle. that is the aspect I call it free but don't mean it to be totally free.

Because even if the forum where just to learn and contribute just like Satoshi dream, you would have as well posted quality without being paid. But thanks to theymos for introduced alot of thing that made here a benefit for all.

You are likely committing another foul while expressing yourself on the previous foul you committed, this forum brings a lot of people together and the most important thing in this forum is the diverse knowledge flowing everywhere in the forum and most of them are for free. I know lots of people who are forum members that are not in campaigns but take interactions and contributions here seriously. Take for example, most of what I know now about bitcoin investment is what I read from this thread and slowly following the discussions here and learning from those who knows better especially JayJuanGee who has dedicated his time and energy to interact with us and expose everyone to his diverse knowledge on bitcoin and its investment, and he is not even in a campaign, but derives joy in interacting and teaching youngsters like us and that is very invaluable to me more than anything. Every day I come to this thread, I see more things to research on and I gain more knowledge and understanding on financial matters and bitcoin investment and I am appreciative of the fact that I get such information FREE OF CHARGE.

The bolded text explains perfectly that void of campaign, you would not be interested in learning here, but I think it shouldn't be like that bro, the forum is a learning ground, sig. campaign is just an added advantage, we all should be engaging in other career-like activities and having your own funds outside the forum so you can have your own comfortable life independent of the forum.

If you ignore the need to set aside emergency funds, then there is high chance of touching the investment and I would say this is the reason most people sell their Bitcoin to settle simple things that the emergency funds would have taken care of.

I honestly feel that there should be your little savings which is the remaining percentage of your discretionary income or remains from the money mapped out for satisfying our needs, which is not your emergency funds. I am not a fan of using your emergency funds to sort simple things like you Illustrated here. Those simple things are not emergencies and can be taken care of by your little reserve funds unless you don't have any at the moment, so you can borrow from your emergency fund and return it with your next cashflow. Emergency funds should be strictly set apart for emergencies like hospital bills, repair/replace appliances that gets faulty e.t.c. Things that are not really expected to happen, need serious attention and cannot be handled by our little savings. Also be sure to build it back when you reduce it to prepare for yet another rainy day

[Stablexcoin]

It is very important for us to have a strong source of income to continue investing in Bitcoin uninterruptedly for a long time. Because in order to profit from this Bitcoin investment, we must adopt the DCA strategy, and to continue this DCA on a regular basis, there must be an income that will pay you regularly and uninterruptedly. And after buying Bitcoin DCA we need to have a reliable guaranteed income as well as emergency fund, reserve fund and backup fund to hold it regularly for a long time. In short, we have to keep all kinds of measures ready to continue our investment for a long time. Only then we can gain profit from it.

You might be getting the wrong idea. A strong source of income like you mentioned doesn't have to come from a constant paycheck. There are multiple ways to generate passive income (through side business, royalties, real estate or the stock markets)and it might come huge in one months or two months, some might come quarterly. What you just need to figure out is knowing how to get your discretionary income accurately after you have received your revenue. This implies that you need to understand your income from all the different sources so that you can identify your whats left for you to invest in Bitcoin. You have to figure this our for yourselves no one would help you do it.

[Cryptoprincess101]

Actually yes at Jay. We can see how many people are trying to be smart in their investment for their own Good and sometimes they overamart themselves by looking for a place to earn free bitcoin. But I can tell you that there is no place to earn free bitcoin apart from this forum.  

You are wrong. I want you to understand that there is no place you can earn free bitcoin, even in this forum. This forum was developed by Satoshi so that people who are interested in bitcoin can gain good knowledge about bitcoin and not earn free bitcoin. As time goes on with the traffic this forum is generating, people notice if they advertise their brand or product here; they will attract people who can make use of their brand or product, and they decide to launch a signature campaign with some reputable members of this forum who have positioned themselves to become managers, which will allow any member of this forum that is accepted into any signature campaign to get paid in bitcoin while posting in the forum, and if you don't meet up with your weekly quote, no manager will pay you for that week.

You are right, the initial purpose of Satoshi on the forum was not to distribute free Bitcoins but rather create a medium where discussion of Bitcoins can influence the decision of members towards directing them to ways in which they can earn passive income through the opportunities that come with Bitcoin. So, indirectly the forum creates wider opportunities, and every intention has been fulfilled. All thanks to Theymos who initiated other things in the forum that have kept the forum running to date.

Permit me to say sorry for using the word "free" even though I have explained myself but I see many people are still repeating it. but if there where no campaign in this forum do you know many people would not have taken this forum seriously? Even myself. People would have go to a random site and asked how to invest in bitcoin and learn that without have been participating regular here. This avenue created another opportunity to Earn bitcoin which can be invested at ease, making DCA investment easy for those that has side husslle. that is the aspect I call it free but don't mean it to be totally free.

Just to clarify you that signature campaigns made the forum become more interesting but that doesn't mean that if there were no signature campaign that there wouldn't have been much participation in the forum. If you make out time to take a look at the forum thoroughly you will know that there are active users who do not care about signature campaigns but their activity in the forum is even way higher than those in signature campaigns, JJG is a typical example of the users am talking about.
       I think signature campaigns also helped forum members to be able to acquire and earn bitcoins without necessarily using Fiats to purchase it because there are countries that converting the value of their currency to bitcoin, it cost them a lot. Using signature campaign earnings to DCA is a very easy and convenient way to HODL bitcoins but we should not depend so much on signature campaign earnings to DCA because since they are not guaranteed to last forever, if it ends that means your accumulation using the DCA ends as well, that is why it is important to have a major source of income in real life so that it can help assist you in your accumulation stage such that even if signature campaign ends, you have a backup plan to continue your DCA with. For someone earning from signature campaign, you can even practice using part of it for DCA combined with your discretionary income.

Because even if the forum where just to learn and contribute just like Satoshi dream, you would have as well posted quality without being paid. But thanks to theymos for introduced alot of thing that made here a benefit for all.

the forum is unique in it's own way so... accolades to Satoshi, Theymos and everyone who have worked selflessly to make the forum become what it is today.

[SuperBitMan]

Thank you JayJuanGee for making everything more clear to me, I want to appreciate you for always educating us here, I remember when I joined this forum I didn't have the knowledge I have now, you are doing a very great job sir keep it up.

It is very important for us to have a strong source of income to continue investing in Bitcoin uninterruptedly for a long time. Because in order to profit from this Bitcoin investment, we must adopt the DCA strategy, and to continue this DCA on a regular basis, there must be an income that will pay you regularly and uninterruptedly. And after buying Bitcoin DCA we need to have a reliable guaranteed income as well as emergency fund, reserve fund and backup fund to hold it regularly for a long time. In short, we have to keep all kinds of measures ready to continue our investment for a long time. Only then we can gain profit from it.

You might be getting the wrong idea. A strong source of income like you mentioned doesn't have to come from a constant paycheck. There are multiple ways to generate passive income (through side business, royalties, real estate or the stock markets)and it might come huge in one months or two months, some might come quarterly. What you just need to figure out is knowing how to get your discretionary income accurately after you have received your revenue. This implies that you need to understand your income from all the different sources so that you can identify your whats left for you to invest in Bitcoin. You have to figure this our for yourselves no one would help you do it.

You are right, having a strong or good source of income must not come from a constant paycheck reasoning being that may be receiving $100 weekly as my salary but from my other business I get $7k every 2 months with this I still have a strong or good source of income, some people may be receiving small salary weekly but makes huge amount of money at the end of the year.
Just like Stablexcoin said one just have to figure out how to make his or her calculate and get there discretionary income accurately after you have received your revenue.

Having a side hustle helps to make your source of income strong one don't have to depend on his salary especially if the salary is small.

[Justbillywitt]

If you ignore those important ingredients which are having a good backup funds and good source of income before you becoming aggressive in your Bitcoin investment you will surely dip hands into your Bitcoin investment, so before you become aggressive in your Bitcoin accumulation you need to have a good source of income and a good backup funds.
Now when we talk about aggressive Bitcoin accumulation is in different ways one may choose to use more than half of his discretion income to accumulate Bitcoin weekly or monthly which is not the way he those before and the other person may choose to use all his discretion income to accumulate, now when you have a good backup funds and a good source of income you can cover up and it won't affect you but if you don't have them it will affect you and it may lead to you dipping hands into your Bitcoin investment.

It is important to have a backup fund so that the individual does not have to sell his Bitcoin investment in the event of an emergency. Moreover, many investors keep backup funds in their investments with the DCA strategy, essentially for buying in lump sump. When they face dumping periods in the market, they take the opportunity to buy more bitcoins with the backup funds at lower prices.

Yes it is important to have backup funds when investing in bitcoin, but that backup funds are not meant to be utilise for Lump summing or buy any fucking dip. The backup funds are specifically kept for solving future emergencies. Your investment is for a long time and in course of the years that you will be holding your bitcoin, you are going to experience some unplanned emergencies along the line. So it is because of those unforeseen emergencies that may occur that's the reason for keeping the backup funds.

If you use your backup funds for Lump sum buying, then you have exposed your investment to possible sale, because when you will be hit by emergency you won't have money to solve it, and at that time you will have no options than to sell your investment to settle the emergency. You can lump sum when you receive extra funding maybe from the sales of inheritance or when you receive funds from other business deals. But just know it that your backup funds is not meant for Lump sum buying or buying the dip.

[Pi-network314159]

Permit me to say sorry for using the word "free" even though I have explained myself but I see many people are still repeating it. but if there where no campaign in this forum do you know many people would not have taken this forum seriously? Even myself. People would have go to a random site and asked how to invest in bitcoin and learn that without have been participating regular here. This avenue created another opportunity to Earn bitcoin which can be invested at ease, making DCA investment easy for those that has side husslle. that is the aspect I call it free but don't mean it to be totally free.

Because even if the forum where just to learn and contribute just like Satoshi dream, you would have as well posted quality without being paid. But thanks to theymos for introduced alot of thing that made here a benefit for all.

You are likely committing another foul while expressing yourself on the previous foul you committed, this forum brings a lot of people together and the most important thing in this forum is the diverse knowledge flowing everywhere in the forum and most of them are for free. I know lots of people who are forum members that are not in campaigns but take interactions and contributions here seriously. Take for example, most of what I know now about bitcoin investment is what I read from this thread and slowly following the discussions here and learning from those who knows better especially JayJuanGee who has dedicated his time and energy to interact with us and expose everyone to his diverse knowledge on bitcoin and its investment, and he is not even in a campaign, but derives joy in interacting and teaching youngsters like us and that is very invaluable to me more than anything. Every day I come to this thread, I see more things to research on and I gain more knowledge and understanding on financial matters and bitcoin investment and I am appreciative of the fact that I get such information FREE OF CHARGE.

The bolded text explains perfectly that void of campaign, you would not be interested in learning here, but I think it shouldn't be like that bro, the forum is a learning ground, sig. campaign is just an added advantage, we all should be engaging in other career-like activities and having your own funds outside the forum so you can have your own comfortable life independent of the forum.

Well I wouldn't argue much about this again since this thread is all about buying bitcoin and HODLing just like buy the dip thread and repeating this may be misleeding. When I woke up this morning I saw bitcoin hit $79.7k and it was a wow 😳 for me. I started thinking if an investor who has a decent discretion amount decide to buy bitcoin lump sum or dip during 2022 when when bitcoin was within $16k may be buying 4 bitcoin with $64k+ would have resulted to $316k by now. He will been smiling without even reaching his final stage. Let take a look at this chat





this is a bitcoin chart from 2020 to 2024

[Pandu Geddon]

If you ignore those important ingredients which are having a good backup funds and good source of income before you becoming aggressive in your Bitcoin investment you will surely dip hands into your Bitcoin investment, so before you become aggressive in your Bitcoin accumulation you need to have a good source of income and a good backup funds.
Now when we talk about aggressive Bitcoin accumulation is in different ways one may choose to use more than half of his discretion income to accumulate Bitcoin weekly or monthly which is not the way he those before and the other person may choose to use all his discretion income to accumulate, now when you have a good backup funds and a good source of income you can cover up and it won't affect you but if you don't have them it will affect you and it may lead to you dipping hands into your Bitcoin investment.

It is important to have a backup fund so that the individual does not have to sell his Bitcoin investment in the event of an emergency. Moreover, many investors keep backup funds in their investments with the DCA strategy, essentially for buying in lump sump. When they face dumping periods in the market, they take the opportunity to buy more bitcoins with the backup funds at lower prices.

Yes it is important to have backup funds when investing in bitcoin, but that backup funds are not meant to be utilise for Lump summing or buy any fucking dip. The backup funds are specifically kept for solving future emergencies. Your investment is for a long time and in course of the years that you will be holding your bitcoin, you are going to experience some unplanned emergencies along the line. So it is because of those unforeseen emergencies that may occur that's the reason for keeping the backup funds.

If you use your backup funds for Lump sum buying, then you have exposed your investment to possible sale, because when you will be hit by emergency you won't have money to solve it, and at that time you will have no options than to sell your investment to settle the emergency. You can lump sum when you receive extra funding maybe from the sales of inheritance or when you receive funds from other business deals. But just know it that your backup funds is not meant for Lump sum buying or buying the dip.

It's actually not a problem if you end up having to sell your Bitcoin because of an emergency. I've done it before, and I have no regrets, although if I had held on I would have made a bigger profit.
if you have a reserve fund that can be used to back up emergencies. But sometimes when we have that kind of fund and see Bitcoin going down, we can't resist the urge to add some to our wallet. It's a human condition and is often experienced by investors.

[Sim_card]

It's actually not a problem if you end up having to sell your Bitcoin because of an emergency. I've done it before, and I have no regrets,

Yea, you will have no regret because you were happy that you got rid of that emergency, but your bitcoin investment depreciated in size, and if the price of bitcoin was dipper than what you bought it, you will sell at loss. The reason why such happened was because you never set up an emergency funds of at least 3 months of your monthly income so that if a real emergency arises, to u don't end up selling part of your bitcoin like you did, because that will slow your bitcoin accumulation journey.

The reason why emergency funds is very important for bitcoin investors is so that it can be a back up funds to your bitcoin investment in the sense that, if you are hit with an unforeseen challenges which are bound to happen, you can use to your emergency funds to handle that issue  without seeing your bitcoin investment as the only option to take care of such real emergencies. This will enable you keep your bitcoin stash untouch but rather continue to increase it gradually through regular weekly DCA for fast growth, because if you don't have an emergency funds, you will keep on falling back to your bitcoin investment any time an emergency arises since you are on a long term ride, and before you know it, you have sell your investment . A long term bitcoin investor without setting up an emergency funds is a gambler.

although if I had held on I would have made a bigger profit.

This is where the regret is.

if you have a reserve fund that can be used to back up emergencies. But sometimes when we have that kind of fund and see Bitcoin going down, we can't resist the urge to add some to our wallet. It's a human condition and is often experienced by investors.

This is why buying at the dip is only for those who have prepared for it and not for everyone. However, emergency funds shouldn't be used to accumulate bitcoin for any reason, because it is the cash at hand that is made for a real emergency when it arises and not to buy bitcoin at the dip due to FOMO. Imagine that you used your emergency funds to buy bitcoin because the dip came around last night, and the price continues to dip. In three days time, the roof of your house was pulled off by a heavy storm, you will sell those bitcoin to fix your roof, because you need shelter over your head.

This is why if you know that you love buying bitcoin at the dip while your regular weekly DCA is ongoing, you should save some funds for that apart from your emergency funds, and that is called your reserve funds so that when a dip comes, you can use that amount to buy at the dip mixing it with your ongoing DCA.

[laijsica]

If you ignore those important ingredients which are having a good backup funds and good source of income before you becoming aggressive in your Bitcoin investment you will surely dip hands into your Bitcoin investment, so before you become aggressive in your Bitcoin accumulation you need to have a good source of income and a good backup funds.
Now when we talk about aggressive Bitcoin accumulation is in different ways one may choose to use more than half of his discretion income to accumulate Bitcoin weekly or monthly which is not the way he those before and the other person may choose to use all his discretion income to accumulate, now when you have a good backup funds and a good source of income you can cover up and it won't affect you but if you don't have them it will affect you and it may lead to you dipping hands into your Bitcoin investment.

It is important to have a backup fund so that the individual does not have to sell his Bitcoin investment in the event of an emergency. Moreover, many investors keep backup funds in their investments with the DCA strategy, essentially for buying in lump sump. When they face dumping periods in the market, they take the opportunity to buy more bitcoins with the backup funds at lower prices.

Yes it is important to have backup funds when investing in bitcoin, but that backup funds are not meant to be utilise for Lump summing or buy any fucking dip. The backup funds are specifically kept for solving future emergencies. Your investment is for a long time and in course of the years that you will be holding your bitcoin, you are going to experience some unplanned emergencies along the line. So it is because of those unforeseen emergencies that may occur that's the reason for keeping the backup funds.

If you use your backup funds for Lump sum buying, then you have exposed your investment to possible sale, because when you will be hit by emergency you won't have money to solve it, and at that time you will have no options than to sell your investment to settle the emergency. You can lump sum when you receive extra funding maybe from the sales of inheritance or when you receive funds from other business deals. But just know it that your backup funds is not meant for Lump sum buying or buying the dip.

It's actually not a problem if you end up having to sell your Bitcoin because of an emergency. I've done it before, and I have no regrets, although if I had held on I would have made a bigger profit.
if you have a reserve fund that can be used to back up emergencies. But sometimes when we have that kind of fund and see Bitcoin going down, we can't resist the urge to add some to our wallet. It's a human condition and is often experienced by investors.

Deciding to sell bitcoins due to an emergency can be seen as one of the hurdles in an investors investment progress, as it happens to most newbies investors, but learning more about bitcoin over time can make him more cautious about emergency funds. I think you should have known more about bitcoin and emergency funds at the time you sold. The tendency to think about investing can help you be more cautious about making more bitcoin deposits in the future and add more motivation to your decision to build an emergency fund.

Yes, from a human point of view, your immediate needs should be met first and it should be more focused on your future investment activities to cover losses and increase your bitcoin accumulation potential. You can see by analyzing the cycle of bitcoin price for a few weeks how much it has increased and how helpful it is for a depositor who has been depositing for at least six months and the tendency of the price to increase with the increase in the amount of his holdings can make him more interested in investing. Conversely, if the value of Bitcoin were to decline, you as an investor could positively influence the growth of your future Bitcoin holdings by having a regular Bitcoin deposit process.

An investor should be careful to build a backup fund along with weekly or monthly Bitcoin deposits so that he can successfully continue Bitcoin investments in case of emergency and intend to deposit continuously for 4-10 year cycles or longer regardless of price.

[Btcdeybodi]

If you ignore those important ingredients which are having a good backup funds and good source of income before you becoming aggressive in your Bitcoin investment you will surely dip hands into your Bitcoin investment, so before you become aggressive in your Bitcoin accumulation you need to have a good source of income and a good backup funds.
Now when we talk about aggressive Bitcoin accumulation is in different ways one may choose to use more than half of his discretion income to accumulate Bitcoin weekly or monthly which is not the way he those before and the other person may choose to use all his discretion income to accumulate, now when you have a good backup funds and a good source of income you can cover up and it won't affect you but if you don't have them it will affect you and it may lead to you dipping hands into your Bitcoin investment.

It is important to have a backup fund so that the individual does not have to sell his Bitcoin investment in the event of an emergency. Moreover, many investors keep backup funds in their investments with the DCA strategy, essentially for buying in lump sump. When they face dumping periods in the market, they take the opportunity to buy more bitcoins with the backup funds at lower prices.

Yes it is important to have backup funds when investing in bitcoin, but that backup funds are not meant to be utilise for Lump summing or buy any fucking dip. The backup funds are specifically kept for solving future emergencies. Your investment is for a long time and in course of the years that you will be holding your bitcoin, you are going to experience some unplanned emergencies along the line. So it is because of those unforeseen emergencies that may occur that's the reason for keeping the backup funds.

If you use your backup funds for Lump sum buying, then you have exposed your investment to possible sale, because when you will be hit by emergency you won't have money to solve it, and at that time you will have no options than to sell your investment to settle the emergency. You can lump sum when you receive extra funding maybe from the sales of inheritance or when you receive funds from other business deals. But just know it that your backup funds is not meant for Lump sum buying or buying the dip.

It's actually not a problem if you end up having to sell your Bitcoin because of an emergency. I've done it before, and I have no regrets, although if I had held on I would have made a bigger profit.
if you have a reserve fund that can be used to back up emergencies.

Selling your bitcoin to attend to an emergency need may not be problematic for you but it's a very wrong investment step because even though you didn't regret selling it at that period of time when you needed to attend to an immediate need but i believe you felt some kind of way when the price increased and you realized you could have made a larger profit if you didn't sold. I have actually found myself in that kind of situation where i sold due to an emergency need and after some few days the price experienced massive growth as though something was pumping it, i regretted for selling to be honest because i could have used another alternative to attend to my need instead of selling. However, after i learnt about the need to make provision for emergency funds that i can use in case of any unforeseen sudden event that may come up in the futture, i don't tamper with my hodlings again since i have a long term target.

But sometimes when we have that kind of fund and see Bitcoin going down, we can't resist the urge to add some to our wallet. It's a human condition and is often experienced by investors.

That is why bitcoin investment is not for the weak or those who can't hold for long and overcome market fluctuations because at some point, the price is meant to fluctuate either ways but if you have a long term target you won't be moved to sell even when the price is falling.

[Lida93]

But sometimes when we have that kind of fund and see Bitcoin going down, we can't resist the urge to add some to our wallet. It's a human condition and is often experienced by investors.

That is why bitcoin investment is not for the weak or those who can't hold for long and overcome market fluctuations because at some point, the price is meant to fluctuate either ways but if you have a long term target you won't be moved to sell even when the price is falling.

Well, at this point with the spike to which bitcoin price is rising to anyone who couldn't hold due to emergency circumstances would be snoozing now looking at the profit they would have been making as the price of bitcoin continuous to rise.

This is why we have always emphasize on having an emergency funds in order not to miss opportunities like this in the bull run season due to forceful sell of funds as a result of unforeseen  and unexpected emergency problems that the investor weren't prepared for. As a bitcoin investor, having an emergency funds is relatively important as buying and hodling of your BTC under a long term plan.

[Justbillywitt]

If you ignore those important ingredients which are having a good backup funds and good source of income before you becoming aggressive in your Bitcoin investment you will surely dip hands into your Bitcoin investment, so before you become aggressive in your Bitcoin accumulation you need to have a good source of income and a good backup funds.
Now when we talk about aggressive Bitcoin accumulation is in different ways one may choose to use more than half of his discretion income to accumulate Bitcoin weekly or monthly which is not the way he those before and the other person may choose to use all his discretion income to accumulate, now when you have a good backup funds and a good source of income you can cover up and it won't affect you but if you don't have them it will affect you and it may lead to you dipping hands into your Bitcoin investment.

It is important to have a backup fund so that the individual does not have to sell his Bitcoin investment in the event of an emergency. Moreover, many investors keep backup funds in their investments with the DCA strategy, essentially for buying in lump sump. When they face dumping periods in the market, they take the opportunity to buy more bitcoins with the backup funds at lower prices.

Yes it is important to have backup funds when investing in bitcoin, but that backup funds are not meant to be utilise for Lump summing or buy any fucking dip. The backup funds are specifically kept for solving future emergencies. Your investment is for a long time and in course of the years that you will be holding your bitcoin, you are going to experience some unplanned emergencies along the line. So it is because of those unforeseen emergencies that may occur that's the reason for keeping the backup funds.

If you use your backup funds for Lump sum buying, then you have exposed your investment to possible sale, because when you will be hit by emergency you won't have money to solve it, and at that time you will have no options than to sell your investment to settle the emergency. You can lump sum when you receive extra funding maybe from the sales of inheritance or when you receive funds from other business deals. But just know it that your backup funds is not meant for Lump sum buying or buying the dip.

It's actually not a problem if you end up having to sell your Bitcoin because of an emergency. I've done it before, and I have no regrets, although if I had held on I would have made a bigger profit.
if you have a reserve fund that can be used to back up emergencies. But sometimes when we have that kind of fund and see Bitcoin going down, we can't resist the urge to add some to our wallet. It's a human condition and is often experienced by investors.

That you sold your bitcoin because of an emergency doesn't make it the right thing to do. You sold your bitcoin for emergency because you neglected some of the things you needed to put in place after you started your bitcoin investment. Had you had an emergency funds in place there wouldn't have been any needs for you to sell of your bitcoin. You can say here that you don't have any regrets for doing that here, but deep down you actually regretted doing it. The right approach for a successful bitcoin holding for a long term, is to start building up your emergency funds and reserved funds along side your bitcoin accumulation. If you have your emergency funds in place, you can always take money from there and fix your emergencies without having to sell your bitcoin way too early or in a premature stage.