Buy Buy Buy or Sell Sell Sell?

[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.

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.

It seen you are already regretting from your statement , that why is always adviceable to have an emergency fund incase if an unforeseen contingency arises you will not dip hand into your bitcoin investment. If you don't have adequate emergency fund you can be building your emergency fund at the same time while still investing in bitcoin. Reserve fund is not for backing up emergency but rather emergency fund is what is use for backing up emergency, you use reserve fund to buy more bitcoin into your portfolio while emergency fund is strictly for situation that is beyond our control and it makes it possible for investors to be able to hold there bitcoin for a longer duration without dipping hand into there btc investments .so i would gladly advise if you don't want to find yourself in such a state where by you would be force to sell your bitcoin before the investment timeline you set for yourself you can start building your emergency fund while still investing in bitcoin.

[Ricardo11]

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.

I agree with you, many investors initially focus only on investing. But they forget to keep the necessary funds ready to hold that investment for a long time. And as a result when they face any danger, due to lack of emergency funds, they are Compulsorily to sell their investments. And selling holdings at that time may also cause them losses. Hence, an emergency fund should be created safely along with investments, which will help ensure our financial security as well as long-term holdings.

[Pi-network314159]

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.

Snip

It's actually not a problem if you end up having to sell your Bitcoin because of an emergency.

It may not be a problem to you but may be a problem to others. If you are a regular poster of this thread you will understand the difference between emergency fund and bitcoin holding. In as much as your bitcoin in portfolio is your own doesn't permit you to take unnecessary decition. HODLing bitcoin requires self decisiveness/decipline and take action also Standing by it. You must be tolerant to be able to withstand some problem to achieve something important, even though we might have some critical situation that may end up even spending above our discretion but we must be deciplined. That why it's important to have a seperate fund to be able to settle some unfuseen circumstances. Morover  discretion has a big role to play in settling some issues. So Either you settle your problem from your discretion and or emergency fund.

I've done it before, and I have no regrets, although if I had held on I would have made a bigger profit.

I guess you are regretting so soon, but anyway it solved your problem then.

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.

Investors make use of discretion fund and not emergency fund. What if you invested your discretion plus your emergency fund an you had serious issues, you will still need to sell your HODLing before recovery your emergency fund. Ivan tell you it's not a good one.

[adultcrypto]

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.

Emergency circumstances can be planned for and avoided from distorting holding of bitcoin from the very beginning. I don't know how long it will take people to realize that investing in bitcoin without making adequate plans for other needs is just setting the investment up for sudden selling when emergency hits. Imagine the pain the investor will feel knowing that he just sold his bitcoin before a time like this when bitcoin is rising rapidly and breaking new grounds almost every day. When investing, emergency funds must be kept in place after the investors would have made provisions for the basic needs that cannot wait. The emergency so set up will be like a protection over the investment to prevent it from being sold when it is not planned.

I realized the importance of the emergency funds at later part of my investing and when I started implementing it, a lot of things changed for good with my investing. I was going three steps forward, one step backward with my investing when I never had emergency funds because somethings I will sell some bitcoin for minor things. I wouldn't call this progress because I was not meeting up my monthly target like I should. Well, all that is history now because any funds I put into bitcoin will stay there because I have not started selling as I am still at the accumulation stage.

[Pandu Geddon]

It seen you are already regretting from your statement ,

I do not regret selling my Bitcoin because of urgent needs. You do not know my situation at that time. I made sure I had a good allocation of my financial division, so I had funds that I had saved in the bank in the form of fiat that I designated as savings. I did not plan to use the funds for urgent needs. Even though my savings were not enough to cover everything, my decision certainly led to the sale of assets in the portfolio that could cover the shortfall.

I was lucky enough to restart my investment and even faster than my previous Bitcoin investment. Not only from the DCA I do every week from my salary, but also the biggest from betting and trading wins.

Investors make use of discretion fund and not emergency fund. What if you invested your discretion plus your emergency fund an you had serious issues, you will still need to sell your HODLing before recovery your emergency fund. Ivan tell you it's not a good one.

Yes, using emergency funds for our investments is not good. I understand that there are risks that have been discussed previously. but I'm sure you understand what I mean. we really believe in Bitcoin which will give us benefits to those who hold it, when the price drops which is very good for us to enter, sometimes it is a temptation for us, especially those who do have funds and may not have good financial control. this is not recommended, but I'm sure some investors do it.

[ginsan]

Investors make use of discretion fund and not emergency fund. What if you invested your discretion plus your emergency fund an you had serious issues, you will still need to sell your HODLing before recovery your emergency fund. Ivan tell you it's not a good one.

Yes, using emergency funds for our investments is not good. I understand that there are risks that have been discussed previously. but I'm sure you understand what I mean. we really believe in Bitcoin which will give us benefits to those who hold it, when the price drops which is very good for us to enter, sometimes it is a temptation for us, especially those who do have funds and may not have good financial control. this is not recommended, but I'm sure some investors do it.

Still, in the end, even if we believe in bitcoin, there is no need to make this a whole gamble because after all, emergency funds must still be one of the handles for us to avoid some problems that we sometimes cannot predict beforehand.

Indeed, in this case all decisions depend on themselves but I think emergency funds must still be kept within a certain period of time so that we continue to run according to the management that has been planned but if indeed within a certain period of time the emergency funds that we have are indeed unused and always increase as income occurs then it can be a consideration, it just can't be as a whole to go all in on bitcoin because we realize that in the end, even though we have a lot of money to spend on bitcoin, we still have a lot of money to spend on it. bitcoin because we realize that in the end even though bitcoin is still very profitable to do but on the other hand we also have to understand some things sometimes in real life are not as beautiful as imagined and when that happens (there are several unexpected events that require large sums of money) the emergency funds we have are still available and do not need to use our investments as dependents to solve urgent needs.

[SuperBitMan]

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.

I agree with you, many investors initially focus only on investing. But they forget to keep the necessary funds ready to hold that investment for a long time. And as a result when they face any danger, due to lack of emergency funds, they are Compulsorily to sell their investments. And selling holdings at that time may also cause them losses. Hence, an emergency fund should be created safely along with investments, which will help ensure our financial security as well as long-term holdings.

That is why I'm always happy joining this forum I learn new things that will help my Bitcoin investment almost every day, before I joined this forum I didn't have that mind set of having an emergency, reserves and float funds it was when I joined this forum I saw the need of having this funds in place and it has saved me from dipping hands into my Bitcoin.
Anyone in this forum and is seeing how people are talking about having a backup funds and refuse to do so is on a risk of losing his Bitcoin because facing challenge in life or facing emergency is inevitable at a particular point in life you must face it so you need to plan ahead of it so it won't make you lose your investment.

Some people say when they encounter challenge or emergency they will borrow money and settle it then later pay back yeah that may work for some set of people and that is those that have a good source of income.
However if you are working and you feel if you face emergency issue you will always borrow and pay back what if the emergency issue is you being sacked from that work so how can you borrow and pay back so that is why is always very important to have a strong emergency, reserve and float funds.

[Jewan420]

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.

You can be right on your statement from your position. If you feel there is no problem in selling your investment for an urgent moment then it may not be regrettable for you but you cannot give such advice to a beginner or another. Why would you advise someone to break the investment? I think your investment plan was flawed and you are a failure as an investment manager. If you manage the investment in a proper plan and keep an emergency fund ready to protect the investment, you would not have to sell the investment at the time of emergency and regret not having a 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.

You can ignore the emergency fund and succeed in investing for the long term if luck favors you in the investment field. But why would you leave your investment future to luck when you can manage it by your own skill? It is normal that urgent moments will come in a person's life. But we must be prepared to face this urgent moment, if you neglect to prepare it can be the biggest misstep of your life. You might regret it when you look at a successful investor.

[Yukyzu]

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.

I agree with you, many investors initially focus only on investing. But they forget to keep the necessary funds ready to hold that investment for a long time. And as a result when they face any danger, due to lack of emergency funds, they are Compulsorily to sell their investments. And selling holdings at that time may also cause them losses. Hence, an emergency fund should be created safely along with investments, which will help ensure our financial security as well as long-term holdings.

If an investor only focuses on collecting their assets without making any preparation for their emergency needs, then they have taken the wrong step in running an investment, of course it is difficult to achieve the desired investment target, it is the most important thing when we choose to maintain assets in the long term to really use funds that we can hold in the long term and also prepare funds for emergency needs because we cannot know when we need the funds and if we have prepared, of course we will not have difficulty when we need them and will also be able to maintain the assets we have until we reach the investment target we want.

[Proty]

It seen you are already regretting from your statement ,

I do not regret selling my Bitcoin because of urgent needs. You do not know my situation at that time. I made sure I had a good allocation of my financial division, so I had funds that I had saved in the bank in the form of fiat that I designated as savings. I did not plan to use the funds for urgent needs. Even though my savings were not enough to cover everything, my decision certainly led to the sale of assets in the portfolio that could cover the shortfall.

I was lucky enough to restart my investment and even faster than my previous Bitcoin investment. Not only from the DCA I do every week from my salary, but also the biggest from betting and trading wins.

Investors make use of discretion fund and not emergency fund. What if you invested your discretion plus your emergency fund an you had serious issues, you will still need to sell your HODLing before recovery your emergency fund. Ivan tell you it's not a good one.

Yes, using emergency funds for our investments is not good. I understand that there are risks that have been discussed previously. but I'm sure you understand what I mean. we really believe in Bitcoin which will give us benefits to those who hold it, when the price drops which is very good for us to enter, sometimes it is a temptation for us, especially those who do have funds and may not have good financial control. this is not recommended, but I'm sure some investors do it.

Well what you said sound more like a trader than an investor because i don't see the reasons why you have to sell off your bitcoin when you have a fund in the bank instead of using the money you have in the bank to sought out the challenges you were facing ,to me your action makes it look as if the money you have in the bank has more potential than bitcoin which is very pathetic .although you said the money was not enough that was i advise that if you don't have adequate emergency fund , you can build your emergency fund and the same time while investing in bitcoin. so it will be an unwise thing to sell your bitcoin and rebuy to me is trading .you have an investment plan and i believe you have set out a timeline for your  bitcoin investment so for you not to alter this plan .ok let me just imagine that i have an emergency and instead of me to dip hand in my emergency fund to sort out whatever emergency an facing , i decided to dip hand in my bitcoin investment by selling and later starting to re buy. This will be the most craziest thing to do.so focus more on accumulating bitcoin while building your emergency fund

[JayJuanGee]

[edited out]

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.

Each of us has to figure out how much to balance out these kinds of matters, and surely there are degrees of being reckt, too.. and it seems that if some of us are able to set up emergency funds and back up funds in order that we never have to sell any of our BTC, except completely at times of our own choosing, then we are likely to be way better off than if we fail/refuse to set up such systems.

So the more sloppy we are, the worse  that we end up having to sell bitcoin, and yeah, if we had been accumulating bitcoin for 2.5 years and we managed to accumulate 2 bitcoin or so with an average of about $30k per bitcoin, we might feel that we are on a pretty decent path forward, but if we end up having to sell more than 1/2 of that bitcoin because we failed to properly plan, and we could have had avoided selling the BTC if we had taken some better precautions, then we might be kicking ourselves because we realize whatever we ended up selling, we might not be able to get back, and sure it is not as bad if we are forced into an emergency right now, but lets say that our emergency came during the 2022 price dip and so then we end up selling most if not all of our BTC at the price bottom, and at a loss, then we are even in a worse situation, so there surely can be cases in which we have been able to sell on a price rise rather than selling on a dip, and we end up being less damaged based on circumstances.. but still perhaps we would have had been in a much better place if we had managed our cashflow in a better way, and perhaps the fact that we got lucky in our gambling might not end up working out for us in the future.. so we need to account for those kinds of risks and determine how much back up funds and emergency funds that we would prefer to maintain in order that we would not be forced into a gambling kind of a situation that might not play out in favorable terms...and could fairly easily be avoided and/or mitigated.

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.

Reserve funds tend to be a category that is above and beyond emergency funds.. so yeah, how much is kept and what they are used for can have more flexibility with reserve funds as compared with emergency funds,  yet at the same time, each of us chooses how to classify our funds, and so if we choose to buy on dip and to deplete our reserve funds and even dip into our emergency funds, then we run the risk of putting ourself in even a worse situation, and surely there are folks who end up contributing to causing their own emergencies, and many of us have probably met those kinds of people in our lives who are continuously (once or twice a month) experiencing one emergency or another... and so some folks like to live on the edge, and it can end up costing us more if we are dealing with volatile assets like bitcoin, and it can become even worse if we might be using leverage too... which truly I don't recommend using leverage, especially for people who are early in their learning about bitcoin and it takes more experience to figure out responsible ways to use leverage, yet there are people who just love to gamble, and so many of us are going to be way better off if we can either eliminate our gambling tendencies or at least to figure out to limit our exposure in cases in which we are not able to resist our temptations to gamble, then maybe if we are just gambling with a relatively small portion of our bitcoin holdings, then we can still satisfy some of our urges to gamble without going overboard.. yet many of us likely know with gamblers they almost never know when to stop so their risk taking tends to become greater and greater with the passage of time, especially if they have not figured out ways to control their urges and to limit their exposure to risky situations by identifying the risk and figuring out their position size in a reasonable and/or prudent way.

[edited out]

.......Reserve fund is not for backing up emergency but rather emergency fund is what is use for backing up emergency, you use reserve fund to buy more bitcoin into your portfolio while emergency fund is strictly for situation that is beyond our control and it makes it possible for investors to be able to hold there bitcoin for a longer duration without dipping hand into there btc investments ......

There is something that is off about your statement, @Proty.  

Surely if a person has emergency funds, then those emergency funds would not be touched until no other funds are left, so if an actual emergency came in which either income was reduced greatly or expenses went up considerably, if you have both emergency funds and reserve funds, you would spend from your reserve funds first.

Regarding using reserve funds for buying bitcoin, sure no problem, you can reserve funds that are set aside for a variety of reasons, and you can even change your mind regarding the purpose of whatever reserve funds that you might have at any particular time.    

Sometimes people who are in their very early stages of BTC accumulation, they may well have zero or close to zero reserve funds that are designated for buying BTC because perhaps they might already be setting their DCA for as aggressively that they feel  that they are capable of being in regards to BTC accumulation, whether those buys are weekly or some other periodic basis, yet surely if there were reserve funds being held for various other reasons such as saving for a vacation or a computer or a motorcycle or a bicycle for the kid, if the BTC price dips, there could be a decision to reprioritize those funds and to decide to buy on the dip, when previously there had been thought that those funds were being saved for some other purpose, yet there are abilities for people to redesignate reserve funds for any reason or no reason or to just be spontaneous about it.

In regards to emergency funds, it seems prudent that a person should force himself to be more strict about any kind of redesignation of emergency funds to be used for any purpose other than an emergency, yet even with emergency funds, a person can decide to be short-term more risky, and sure those kinds of decisions could end up having higher costs than expected if some kind of an emergency were to come up after some of the funds were used, yet people are able to weigh these kinds of risks and sometimes might be willing to push limits beyond what others might be willing to do, yet if they believe that they have weighed their risks in relatively accurate ways, then people have discretion to do whatever they like, even seemingly dumb stuff... yet in any event, it seems that the threshold for spending emergency funds should be higher and more strict for anyone trying to exercise strong cashflow management skills that are based on reason rather than emotion and spontaneity that might not work out well for them if they are not able to put limits on themselves.

It seen you are already regretting from your statement ,

I do not regret selling my Bitcoin because of urgent needs. You do not know my situation at that time. I made sure I had a good allocation of my financial division, so I had funds that I had saved in the bank in the form of fiat that I designated as savings. I did not plan to use the funds for urgent needs. Even though my savings were not enough to cover everything, my decision certainly led to the sale of assets in the portfolio that could cover the shortfall.

I was lucky enough to restart my investment and even faster than my previous Bitcoin investment. Not only from the DCA I do every week from my salary, but also the biggest from betting and trading wins.

Investors make use of discretion fund and not emergency fund. What if you invested your discretion plus your emergency fund an you had serious issues, you will still need to sell your HODLing before recovery your emergency fund. Ivan tell you it's not a good one.

Yes, using emergency funds for our investments is not good. I understand that there are risks that have been discussed previously. but I'm sure you understand what I mean. we really believe in Bitcoin which will give us benefits to those who hold it, when the price drops which is very good for us to enter, sometimes it is a temptation for us, especially those who do have funds and may not have good financial control. this is not recommended, but I'm sure some investors do it.

These are fair and reasonable points that you are making Pandu Geddon.   There are going to be times in which we might have cash available and we also might see that the bitcoin price is up, and we have some kind of an emergency or maybe a quasi-emergency, and so we have the option to spend from our bitcoin or we have an option to spend from our cash, and we consider that for the amount of money that we are spending and based on recent BTC price moves it seems to make more economical sense to spend from our bitcoin.  Yes, these are not base case scenarios, yet there could be scenarios in which we weigh the risk in favor of spending bitcoin rather than cash. 

We also might have situations in which we choose to invest extra in bitcoin (and take it from money that we are going to need, and we decide to buy bitcoin with that portion of our money with an expectation of profits in 3-6 months when we are going to need it).  So in this second case we might have a back up plan that if the BTC price does not go up in 3-6 months, then we will have to take from our reserve funds in order to pay for the expense that we have that is coming up.. so we are taking a chance when we decide to buy extra BTC with money that we know that we are going to need in 3-6 months.. .. so many times, little kinds of risks can be acceptable if we otherwise have strong cashflow management practices in place and various  emergency back up funds too.  We are in a position to take more risks the more kinds of back up systems that we have in place, and we are better off if we are not engaging in these kinds of behaviors all of the time and we are somewhat measured in our choices to engage in such practices that are more risky and less conservative.. but if we are adults, we should be able to figure out how to make these kinds of decisions and when we feel sufficiently comfortable to deviate from what we might consider otherwise better practices.

[rimoeee]

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.

As a new investor, I have definitely learnt from this. I have always seen my investments as a way out during an emergency period or a way to sort out my emergency needs. Now I've learnt that an emergency fund is needed to take care of those emergencies. And my bitcoin investment should be totally separate from my emergency fund.

[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.

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.

It seen you are already regretting from your statement , that why is always adviceable to have an emergency fund incase if an unforeseen contingency arises you will not dip hand into your bitcoin investment. If you don't have adequate emergency fund you can be building your emergency fund at the same time while still investing in bitcoin. Reserve fund is not for backing up emergency but rather emergency fund is what is use for backing up emergency, you use reserve fund to buy more bitcoin into your portfolio while emergency fund is strictly for situation that is beyond our control and it makes it possible for investors to be able to hold there bitcoin for a longer duration without dipping hand into there btc investments .so i would gladly advise if you don't want to find yourself in such a state where by you would be force to sell your bitcoin before the investment timeline you set for yourself you can start building your emergency fund while still investing in bitcoin.

When you open a position with a broker or trading provider, you’ll be presented with two prices. If you want to trade at the buy price, which is slightly above the market price, you open a ‘long’ position. If you want to trade at the sell price – slightly below the market price – you open a ‘short’ position. The difference between the buy and sell price is known as the ‘spread’, which the provider takes to facilitate the position.
A long position in traditional trading is when you buy an asset in the expectation its price will rise, so you can sell it later for a profit. This is also referred to as going long or buying

Making a long trade doesn’t necessarily mean buying a physical asset. Derivatives like CFDs and futures contracts give you the opportunity to take a long position on a market without owning underlying asset. You are simply speculating that the price of the asset will rise.
A short position in trading is a strategy used to take advantage of markets that are falling in price. When you make a short trade, you are selling a borrowed asset in the hope that its price will go down, and you can buy it back later for a profit. It is also known as short-selling, shorting or going short.

Short-selling works by borrowing the underlying asset from a trading broker, and then immediately selling it at the current market price. Shorting is the opposite of going long – where you will make a profit if the price goes up.

 
Again, let’s say you want to trade bitcoin against the US dollar (bitcoin/USD). The current market price is 3919, and you decide to take a short position and sell 5 contracts (each equivalent to 1 BTC) to open a position at this price.

If you were right, and the value of bitcoin fell against the US dollar, your trade would profit. Let’s say that the new market price is 3874, you could close your position and take your profit by buying 5 contacts to close your position at the buy price of 3879, which is slightly higher than the market price due to the spread. Because the market has moved 40 points in your favour, the profit on your trade would be calculated as follows: 5 x 40 = $200. If the market moved against you by 40 points, you would have made a loss, calculated as 5 x -40 = -$200.

How to go long and short on markets
If you want to take a long or short position on a market, you can open a CFD trading account. CFD trading is the buying (going long) and selling (going short) of contracts for the difference in price of an asset, between the opening and closing of your position.

CFDs and are derivative products, because they enable you to speculate on financial markets such as shares, forex, indices and commodities without having to take ownership of the underlying assets. Both methods use leverage, which means you only have to put up a small margin (deposit) to gain exposure to the full value of the trade. This can magnify your potential profit, but also your potential loss.

How buyers and sellers affect the market
Buyers and sellers affect supply and demand – and therefore the price – of an asset. At any given time, one group tends to outweigh the other, and that’s the primary reason the price of a market fluctuates. When the buyers outweigh the sellers, demand for the market rises. As a result, the price of the asset rises. When it’s the other way around, supply increases and demand for the asset starts to drop – and the price falls. The way supply and demand affect markets is often referred to as volatility.

A buyer’s market is when buyers have the advantage over sellers. They can negotiate a better buying price for an asset because supply is far more than demand. A seller’s market is when there is limited supply of an asset and an overflow of buyers. In this case, the seller has the advantage.Ct
When you place a trade, you are either ‘buying’ or ‘selling’ a financial instrument
A long position in trading is when you buy an asset in the expectation its price will rise
A short position in trading is when you sell an asset in the expectation its price will fall
You can go long or short on a market by opening a CFD account
When buyers outweigh sellers, demand increases, and price rises
When sellers outweigh buyers, supply increases, and demand and price drop.
CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved.

First  i don't really understand  the angle you are actually coming from and i would advise you spend time doing more reading because all what you just stated is not in any way related to my post . secondly i want you to understand that this thread is not for trading discussions and as a newbie who is barely a month old in the forum i doubt it if you have even started your bitcoin accumulation journey to begin ing to talk about trading i would rather you focus on how to start your bitcoin accumulation by first figuring out your plan with bitcoin and puting it into action, you can start with the dca strategy if you have the discretionary income since it is your discretionary income that you will invest in bitcoin  and hold for at least 4-10yrs, because bitcoin investment is best appreciated when view in terms of longer term .The dca strategy offers you the opportunity of accumulating bitcoin at regular intervals be it either weekly or monthly so stop fucking around with the idea of trading a potential coin like bitcoin .

[Olatundespo]

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.

As a new investor, I have definitely learnt from this. I have always seen my investments as a way out during an emergency period or a way to sort out my emergency needs. Now I've learnt that an emergency fund is needed to take care of those emergencies. And my bitcoin investment should be totally separate from my emergency fund.

That's exactly how it should be. For newbie Bitcoin investors it is recommended that the amount of floating cash increases in line with the increase in invested funds. Those of us like you who are still learning about investing may need to spend a little more time understanding the importance of a backup fund. You may not be aware of the importance of this fund until you have an urgent need to invest in Bitcoin, so it can be easier to stick with Bitcoin Deposits (DCA) for the long term if you are serious about investing early on.

Another thing I will tell you to emphasize while learning Bitcoin is to tend to deposit with uninterrupted consistency so that whatever amount you deposit keeps adding to your portfolio on a regular basis. Daily weekly or monthly (DCA) accumulation strategy.

[SuperBitMan]

Bitcoin price hits $81k and this is good news however some people will start selling there Bitcoin and some will keep accommodating and hodling, before you decide to start selling your Bitcoin make sure you have accumulated enough a stage where you can start selling but if you have not Accumulated enough please keep accumulating and hodling I know some people will be so happy that they will start selling forgetting this is not the end price of Bitcoin now that it has hit $81 it will certainly hit $100k and above don't do what will make you regret your action later in the future, Bitcoin investment should be taken seriously.

[Sim_card]

Bitcoin price hits $81k and this is good news however some people will start selling there Bitcoin and some will keep accommodating and hodling, before you decide to start selling your Bitcoin make sure you have accumulated enough a stage where you can start selling but if you have not Accumulated enough please keep accumulating and hodling I know some people will be so happy that they will start selling forgetting this is not the end price of Bitcoin now that it has hit $81 it will certainly hit $100k and above don't do what will make you regret your action later in the future, Bitcoin investment should be taken seriously.

Whatever size is your bitcoin portfolio, either a low coiner or a high coiner don't sell now because of $81k price, because bitcoin can reach $300k in future, and by then if you don't have enough bitcoin, you would regret the day that you chose to sell too many of your bitcoin in this circle. Hodli is more beneficial to you as a bitcoin investor, because bitcoin price  is still maturing and the odds of price moving uptrend is higher than downtrend, so hodli till that time that bitcoin will be very expensive to the point that you will not be able to afford buying it because most country government and big investors might want to accumulate all the bitcoin to themselves seeing the store of value in bitcoin and the power law of bitcoin which will make bitcoin price very expensive for people that are buying now to buy easily then.

This is why new investors who wants to start their bitcoin journey shouldn't consider the price of bitcoin but start your bitcoin investment right away if you have the funds and have figured out how much of your discretionary income is cool to buy regularly with. So that you can continue growing and building your bitcoin portfolio overtime with your non stop DCA buying every week for the future. Instead of thinking  that the price is too high, or think that you can outsmart the market by involving in some trading practices, and planning to sell when the price is $100k, because you are still a no coiner. But if you choose to invest in a long term and do it properly, you will be happy in future that you took the opportunity you had now to invest in bitcoin.

This is the first time, I am experiencing a bull run, and it is a good thing to me because I am being encouraged and motivated to continue my bitcoin journey and increase my bitcoin target, so that I can have more bitcoin in my possession in future. My DCA is ongoing, and I ain't thinking of selling a dime but just to keep on buying.

[arwin100]

It seen you are already regretting from your statement ,

I do not regret selling my Bitcoin because of urgent needs. You do not know my situation at that time. I made sure I had a good allocation of my financial division, so I had funds that I had saved in the bank in the form of fiat that I designated as savings. I did not plan to use the funds for urgent needs. Even though my savings were not enough to cover everything, my decision certainly led to the sale of assets in the portfolio that could cover the shortfall.

I was lucky enough to restart my investment and even faster than my previous Bitcoin investment. Not only from the DCA I do every week from my salary, but also the biggest from betting and trading wins.

Yes this is what we should think about that there's nothing wrong to sell our bitcoin when we urgent need money. Its not good to make our self when emergency situation happen. There are times that our emergency funds cannot cover up all the cost that we need that's why we really need to decide to sell so that we will be out on trouble and could save ourselves on whatever situation that need to spend our money on.

Investment is just there and we can start over again if we are cleared with those issues we encounter. There's no late situation when it comes on bitcoin investment so everything will be settle down. Glad to hear that you recover since that tells everything that everything is situational and its not always about our investment since sometimes we need to take care our personal needs.

[Jewan420]

Bitcoin price hits $81k and this is good news however some people will start selling there Bitcoin and some will keep accommodating and hodling, before you decide to start selling your Bitcoin make sure you have accumulated enough a stage where you can start selling but if you have not Accumulated enough please keep accumulating and hodling I know some people will be so happy that they will start selling forgetting this is not the end price of Bitcoin now that it has hit $81 it will certainly hit $100k and above don't do what will make you regret your action later in the future, Bitcoin investment should be taken seriously.

Of course, this is not a good time to sell investments. Bitcoin has just started a price pump which has seen Bitcoin hit $81k. This is just the beginning, predicting that this bullrun could pump Bitcoin to around $120k or more, which is 40%-50% higher than the current price. According to some, Bitcoin is going to touch the $150k milestone in the current Bullrun. I don't know how much this forecast will be reflected in reality. But I am almost certain that Bitcoin will be in a good position towards the end of Bullrun. Maybe that position is over $110k. Selling your bitcoins after seeing a small profit at the beginning of bullrun is almost certain to prove your decision wrong.

If you're a new investor and you haven't reached your goals yet, I think it's best to steer clear of this Bitcoin bullrun. Maybe some investors will sell some percentage of their investment, who started investing about few cycles ago and managed to reach their target point. For them, the decision to sell some percentage of the investment towards the end of this bullrun may be right. Time is just tempting for new investors. So focus on buying and keep moving towards your goals. Don't change your plans and goals between investments.

[Oshio-man]

This is the period to sell your bitcoin, if you are still holding bitcoins in your wallet, do your self a favor to release your bitcoin because the price has increased above $82,000,  I don't think it will hit the price many people are waiting to see this year which is $100,000, but it will definitely get to that price before the end of next year, do you think it will reach $100,000 this year? With my observation, this is not  time to buy bitcoin from the market because the price has moved higher which will not allow people to make good income whenever they want to see in the future.

[Tmoonz]

This is the period to sell your bitcoin, if you are still holding bitcoins in your wallet, do your self a favor to release your bitcoin because the price has increased above $82,000,  I don't think it will hit the price many people are waiting to see this year which is $100,000, but it will definitely get to that price before the end of next year, do you think it will reach $100,000 this year? With my observation, this is not  time to buy bitcoin from the market because the price has moved higher which will not allow people to make good income whenever they want to see in the future.

It is quite obvious that your narrative sounds more like a traders mindset or probably you don't really understand the potential Bitcoin holds, your narrative or advice can be very misleading to newbies because even at the peak price one can still buy Bitcoin, you can Bitcoin anytime you have your investment money readily available, if you are not encouraging anyone to buying now that means you are suggesting the waiting strategy which is very wrong because you might end up missing good buying opportunities, Bitcoin can go up and never come down to an expected dip. However, I also want to put it to you, that Bitcoin increased to $82k is not enough reason for you to encourage anyone selling off their holding, Bitcoin still has a very long way to go people can keep accumulating more of Bitcoin and hold instead of selling.