Buy Buy Buy or Sell Sell Sell?

[Futurexxx]

To build a good Bitcoin portfolio, in addition to buying regularly, it may be a good idea to buy a little more aggressively when the market is in dip.

In my opinion a good investment portfolio requires longer time and it is necessary to purchase Bitcoin regularly. Moreover building an investment portfolio requires a lot of patience, time and need to keep themselves steady during the market updown. As you mentioned that buying a little more aggressively when the market is a dip, it is okay but buying it aggressively may have to be considered on your financial ability.

Because the amount of money we budget for our regular Bitcoin purchases comes primarily from our disposable income, that is, from the money in our budget set aside for investments. So I think it might not be wise to aggressively invest all of your hard-earned money, as a result regular Bitcoin purchases may be temporarily halted.

To build a portfolio, you do need patience so that you don't make mistakes or rush into making decisions other than routine purchases. And if your goal is long-term, this is something you must always remember and must be planned and directed well.
I mean because the goal is long-term, planning must be done when you want to make aggressive purchases that you should have planned or prepared well in advance outside of important needs such as reserve funds and also routine purchases that you have set aside outside of those needs, so that you can make aggressive purchases at the right time when the market is down without having to change or sacrifice other important money or money that you have arranged as well as possible just for aggressive purchases and that will only mess up your plan or deviate from what you have arranged well.
And I repeat and remind you that your goal is long-term which means you have plenty of time to build a portfolio well and get to know the market or Bitcoin movement well so that you can do it very well with very thorough preparation so that everything goes well to generate extraordinary profits in the future.

You are right in saying that we need patience and income source and regular purchases to build a good investment portfolio, there are also a few other steps such as staying steady when the market is going down and staying steady when the market is going up and it is most necessary to have a long-term goal. Actually the content of my post was this: When many people see the price of Bitcoin dropping while routine purchase, they try to buy aggressively. Maybe everyone is waiting for this opportunity even purchase with reserve funds and money out of demand. My point is that if we are short of money to buy Bitcoin regularly while buying aggressively, therefore everyone should have a reserve fund.

However, risk management and financial security should always be kept in mind, since the market fluctuates uncertainly,

I strongly disagree on the aspect of risk management here, we are Investors buddy, not traders, it's only traders that pay attention to risk management because they are always in the market thinking that they can outsmart the market, which is very much unlikely, but in the case of Investors like us, what's the point managing your risk when we are holding for a very long time?
Don't you know that by holding it for a very long time the risk attached to Bitcoin will be reduced to the bearest minimum since it's an asset that appreciate in value overtime, so what am trying to say is that we have no business managing our risk as a Bitcoin investor, all you should do is to invest with an amount you can do away with, and once you have a source of income and an emergency funds in place to sorts you out during emergencies, you are good to go.

And the principle of long-term holding is that you don't take short-term profits and don't sell on short-term volatility. Create a financial situation where you can hold your Bitcoin holdings for the long term without interruption and try to buy more Bitcoin at the dip price if you can afford it.

That's why you must have a source of income, an emergency funds and possibly a backup fund in place, so as to be able to develop a strong holding hands even during emergency situations that may arise in the future, with all this in place, their is nothing stopping you from holding firmly even in difficult times

[edy_58]

It is a simple consideration that an investor should have alternative sources of income and also if you have extra money to invest then Bitcoin would be the best venture for you. Your objective is to hold Bitcoin and your effort to be long term is DCA or single investment. Bitcoin is only recommended for newbies who do not bear additional risk in DCA strategy. The review of discretionary income source that you mentioned is that it is a long term investment endeavor where an investor is looking for a great strategy for his future.

I agree with you if you want to be able to carry out investments well on Bitcoin then we must have some sources of income to be able to maintain the assets in the long run because if the income we have hanay enough for needs is certainly not possible to run the investment because it takes a time that is not a short time to produce profits from the investment.
When someone wants to survive in the long run, it will certainly be very good in using the DCA method because they can always buy consistently according to their abilities after fulfilling all the needs they need because it will be very unlikely to survive if the necessary needs have not been fulfilled properly.

[Mayor of ogba]

I agree with you here. $90 and $10 man such investor will be seen to be an unserious investor or a greedy one. Only an investor who is not ready to invest properly into Bitcoin will invest only $10 out of the $90 discretionary income. Unless he has other places he is investing into it. Maybe he is diversifying his portfolio so he only choose to invest 9% of his discretionary income in Bitcoin but that is not an ideal way to invest.

For newbies that just started its either they should focus on Bitcoin on the early stage rather than diversifying into several asset with the same frequency they are using to DCA in Bitcoin. After they must have had a good amount of Bitcoin in their portfolio they can choose to diversify. Diversification should come only when they are properly settled with the first Bitcoin investment goal if not they will only end up having little amount of Bitcoin in their portfolio. Meanwhile on the contrary they are jeopardizing their investment gradually thinking they are investing the right way.

I disagree with you, if someone is earning $90 a week or a month and then the person decide to use $10 to be accumulating it is not wrong reason because you don't know what the person is taking care of and before he decided to use $10 it is possible that it is the only money he or she can spare or let go as a matter of fact the $10 is even more than 10% of $90 so it is not wrong rather Bitcoin investment most times is based on capacity how much you can handle your investment so that you don't run into problem.

I join you in disagreeing with him, you see, some people think based on their personality and responsibilities without carefully learning why the person who decided to use $10 out of $90 decided that. That money is also big and sustaining in some countries, the exchange rate has to be considered too.

Besides, what can the person who keeps $80 to himself but invests $10 in Bitcoin possibly lose or suffer just for the shortfall of the $10? I call this a commitment to investment and dedication to Bitcoin. The good part is that it will help fight unnecessary spending on wants and frivolities, and most importantly help the person secure a better finance in the future.

Before you join Derekfunds in disagreeing with what Pi$$ said about the investor using $10 to accumulate bitcoin with the DCA strategy, you should have read from where the discussion started so as to have a clear understanding and the reason that led Pi$$ to make such a moment. The discussion started where Proty said that an investor who has $90 as discretionary income should invest $10 into bitcoin with the DCA strategy either on a weekly or monthly basis and keep $80 in his reserve fund so that anytime a dip happens, the investor will gradually be buying the dip with the $80. For an investor who is investing in bitcoin for the long term and has $90 as discretionary income, it is wrong for that investor to only use $10 to accumulate bitcoin with the DCA strategy and keep $80 to buy the dip that he is not even certain will happen. In my opinion, I would even advise such an investor to use $80 in accumulating bitcoin with the DCA strategy consistently and reserve $10 in his reserve fund so that he can use it and buy the dip anytime it happens, which will help him to accumulate a reasonable bitcoin faster using the DCA strategy while he still waits for the dip with the $10 he is reserving in his reserve fund weekly or monthly.

[Ruttoshi]

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?

Here's what Bitcoin is all about. Buying and selling Bitcoin is entirely up to you.

Buying and selling bitcoin is not the right way to get into bitcoin because you will end up losing your funds. A new person who wants to get into bitcoin should see bitcoin as a long-term investment which has the potential power to multiply your funds in future. Bitcoin is for the future and not something we want to be using to survive everyday because you will end up in regrets because you are gambling with your coins.

You are a month old in this forum, and I believe that you don't have any bitcoin yet. It's better that you have the mindset to invest in bitcoin for a very long time without selling a dime. You should only be buying bitcoin with DCA every week for 4-10 years and above from your discretionary income. You should use that amount of money that wouldn't be a problem for you to continue buying regularly with persistent and consistent overtime.

Gradually, your bitcoin portfolio will keep on increasing. Have a bitcoin target and stay focus on reaching your target. You should also work on how to increase your financial strength so that you can invest aggressively. The price is of bitcoin in the future will be very expensive and if you don't start buying and hodli now, you will regret for not taking the bold step now.

Traders will run at big loss in the long run and they will be left with little or no bitcoin in future because whenever they see a little increase in price, they sell hoping to buy back without any bitcoin in their possession. A long-term investor will reap from the fruit of his labor in the future, because he has accumulated a good size of bitcoin in his possession, and that's when he will enjoy his profits from the compounding value of his portfolio.

[Joy- maker]

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?

Here's what Bitcoin is all about. Buying and selling Bitcoin is entirely up to you.

If I understand correctly, you may have heard about short-term investment or trading. Never take advice from someone and immediately fall into the trap of investing. You can get basic knowledge from someone. Then do some research on your own and find out some information, after which if you think it is suitable for you, then you can invest. Short-term investment or trading is very risky for a new investor. Because even if a new investor learns trading, it is very risky for him. The short-term market is very volatile, you can't tell what will happen anytime. Always try to keep yourself away from short-term investment or trading. Always try to invest long-term. The risk of long-term investment is much lower.

Bitcoin is a digital currency or cryptocurrency. No bank or any person has control over Bitcoin or cryptocurrency. You can easily transact through Bitcoin or cryptocurrency. Currently, there are many cryptocurrencies in the market, among which Bitcoin is the best. It can be said that Bitcoin is the king in the world of cryptocurrency. Bitcoin works on the blockchain system. In terms of security, Bitcoin is above all.

with all this your write ups I don't see any contribution which you have contributed to this thread, instead you are misleading newbies on this thread.

And Secondly we don't discuss about cryptocurrencies on this thread, we discuss about bitcoin investment and the best strategy on how to accumulate bitcoin to enable you accumulate a good portion of bitcoin to hold for a long period of time.

[Mayor of ogba]

Every investor is supposed to have a backup plan to be stable in the market of bitcoin, their are times that the dip gets dip that's the reasons for a backup plan so that you can buy the dip even when it's dip and still carry out your financial responsibilities

Setting aside a backup fund, also known as an emergency fund, when you are investing in bitcoin is essential because it will help you to solve your unexpected problems and eliminate the threat of selling your bitcoin too early or even when you are yet to arrive at the end of your accumulation journey, but setting aside an emergency fund at the beginning of your bitcoin investment is not compulsory; in some cases, you can set it up some months into when you have started accumulating bitcoin. Since you are a coiner or a newbie who is looking forward to starting his bitcoin investment, you should not be concerned with the dip right now because it can possibly distract you and delay you from starting your bitcoin investment even though you have an available fund to invest in bitcoin. As a low coiner or no coiner, you should focus on the DCA strategy so that you can possibly start your bitcoin investment anytime your discretionary income is available without waiting for any entry point.

[Agbamoni]

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?

Here's what Bitcoin is all about. Buying and selling Bitcoin is entirely up to you.

Your statement is wrong and can be very misleading to investors. Are you investing or trading? For someone who is investing in Bitcoin buying and selling is not the right way to go about your investment. Anything that has to do with buying Bitcoin then waiting for a time in the market to sell after which you then buy again is totally trading and that is not, we are discussing here. It is up to you to choose which you want to do, if you want to be trader then go ahead but don't change the mind of genuine investors here in this thread especially the newbies to think buying and selling is the right way to invest in Bitcoin.

To an investor, Bitcoin is all about long term plans, believe in the future value not what it is today. That is why you see an investor don't care about the current fluctuations in the market because they expect Bitcoin to appreciate over years. If you don't like the idea, fine, go ahead and do what you like. It is all about individual choices in the end.

[Just Say]

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?

Here's what Bitcoin is all about. Buying and selling Bitcoin is entirely up to you.

It may put you in the early stages of confusion and such statements force us to think that trading is being highlighted there. In my opinion buying and selling is foolish so if you want to be a smart investor then keep buying Bitcoin regularly and don't think about BTC selling. Currently, many people in this world are investing in Bitcoin and their success is only from Bitcoin investment.
So if you continue trading even after seeing the success of so many people, this means that it would not be wise for a new investor to choose the best asset to invest in at the present time for trading. There are still many opportunities to gain experience from an early stage, so keep trying to learn a little about Bitcoin from the beginning.

[Salahmu]

For an investor who is investing in bitcoin for the long term and has $90 as discretionary income, it is wrong for that investor to only use $10 to accumulate bitcoin with the DCA strategy and keep $80 to buy the dip that he is not even certain will happen. In my opinion, I would even advise such an investor to use $80 in accumulating bitcoin with the DCA strategy consistently and reserve $10 in his reserve fund so that he can use it and buy the dip anytime it happens, which will help him to accumulate a reasonable bitcoin faster using the DCA strategy while he still waits for the dip with the $10 he is reserving in his reserve fund weekly or monthly.

I'm with your motion on this because if the discussion was about his salary ratios and how $10 investment will be okay for him then it wouldn't be disagreeable because him alone knows what he can afford on Bitcoin but on the contrary this is a case of discretionary income which importance is not too serious that if 50 percent is removed for investment something will happen to his other live, so actually I cannot have $90 discretionary and use only $10 for investment hopping for God knows when the time the market will tell them to buy, though I wouldn't buy with all the $90 but definitely $60 will be usable.

[Marvelockg]

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?

Here's what Bitcoin is all about. Buying and selling Bitcoin is entirely up to you.

It may put you in the early stages of confusion and such statements force us to think that trading is being highlighted there. In my opinion buying and selling is foolish so if you want to be a smart investor then keep buying Bitcoin regularly and don't think about BTC selling. Currently, many people in this world are investing in Bitcoin and their success is only from Bitcoin investment.

as much as i would not judge an individual investor for choosing to do whatever he feels okay to do, i believe the idea of summarizing the idea of bitcoin as being just all about buying and selling might just be an issue of lack of proper information or misinformation that has built such kind of conclusion for the OP. rather than just attacking him, it is best to educate him to know that when one has a wrong understanding about what bitcoin is all about, it tends to cause one to go about it the wrong way, which might result in selling your bitcoin when you should be adding more to your bitcoin stack.

no one is against selling bitcoin, at a certain point in time, when you have made the proper plans and adjustments in place,  decision is an inevitable part that at a point in time you will get to, but the issue is that when you think that you are only buying just to sell in the next time, you might almost remain stagnant and never succeed in building a good portfolio in the long run. there is time for everything and as long as bitcoin investment is concerned, the time of buying and building your portfolio is the best time that helps gain real momentum as an investor in the long run.

There are still many opportunities to gain experience from an early stage, so keep trying to learn a little about Bitcoin from the beginning.

mistake and making use of wrong investment plan is inevitable as a newbie and like every other person that has gone through that stage and has learned his lesson, mistake and a wrong investment plan is not out of place but what is necessary is that we can learn from our mistakes and become a better investor that prioritize building a good bitcoin stack first before even considering the need to think of selling.

[asarfiar]

I have divided money to three levels for living in life My income is $ 5 per day, I have divided this $ 5 into three parts. For 2 dollars for a family, 1 dollar is to deal with a natural disaster and the rest of the $ 2 is investing in Bitcoin for a long time. It made me about $ 60 in Bitcoin per monthI am investing, and one thing is easy for me to divide the life cycle into three parts. I think if every investor can adopt such a procedure, then Bitcoin's market instability will not be under any human pressure.

Bitcoin is a patience test, so you can expect any good results here. Keep an eye on the market and continue the Bitcoin investment process in accordance with the above rules so that after a long time, you may be able to qualify for a high return.

[JayJuanGee]

To build a good Bitcoin portfolio, in addition to buying regularly, it may be a good idea to buy a little more aggressively when the market is in dip.

In my opinion a good investment portfolio requires longer time and it is necessary to purchase Bitcoin regularly. Moreover building an investment portfolio requires a lot of patience, time and need to keep themselves steady during the market updown. As you mentioned that buying a little more aggressively when the market is a dip, it is okay but buying it aggressively may have to be considered on your financial ability.

Because the amount of money we budget for our regular Bitcoin purchases comes primarily from our disposable income, that is, from the money in our budget set aside for investments. So I think it might not be wise to aggressively invest all of your hard-earned money, as a result regular Bitcoin purchases may be temporarily halted.

To build a portfolio, you do need patience so that you don't make mistakes or rush into making decisions other than routine purchases. And if your goal is long-term, this is something you must always remember and must be planned and directed well.
I mean because the goal is long-term, planning must be done when you want to make aggressive purchases that you should have planned or prepared well in advance outside of important needs such as reserve funds and also routine purchases that you have set aside outside of those needs, so that you can make aggressive purchases at the right time when the market is down without having to change or sacrifice other important money or money that you have arranged as well as possible just for aggressive purchases and that will only mess up your plan or deviate from what you have arranged well.
And I repeat and remind you that your goal is long-term which means you have plenty of time to build a portfolio well and get to know the market or Bitcoin movement well so that you can do it very well with very thorough preparation so that everything goes well to generate extraordinary profits in the future.

You are right in saying that we need patience and income source and regular purchases to build a good investment portfolio, there are also a few other steps such as staying steady when the market is going down and staying steady when the market is going up and it is most necessary to have a long-term goal. Actually the content of my post was this: When many people see the price of Bitcoin dropping while routine purchase, they try to buy aggressively. Maybe everyone is waiting for this opportunity even purchase with reserve funds and money out of demand. My point is that if we are short of money to buy Bitcoin regularly while buying aggressively, therefore everyone should have a reserve fund.

However, risk management and financial security should always be kept in mind, since the market fluctuates uncertainly,

I strongly disagree on the aspect of risk management here, we are Investors buddy, not traders, it's only traders that pay attention to risk management because they are always in the market thinking that they can outsmart the market, which is very much unlikely, but in the case of Investors like us, what's the point managing your risk when we are holding for a very long time?
Don't you know that by holding it for a very long time the risk attached to Bitcoin will be reduced to the bearest minimum since it's an asset that appreciate in value overtime, so what am trying to say is that we have no business managing our risk as a Bitcoin investor, all you should do is to invest with an amount you can do away with, and once you have a source of income and an emergency funds in place to sorts you out during emergencies, you are good to go.

And the principle of long-term holding is that you don't take short-term profits and don't sell on short-term volatility. Create a financial situation where you can hold your Bitcoin holdings for the long term without interruption and try to buy more Bitcoin at the dip price if you can afford it.

That's why you must have a source of income, an emergency funds and possibly a backup fund in place, so as to be able to develop a strong holding hands even during emergency situations that may arise in the future, with all this in place, their is nothing stopping you from holding firmly even in difficult times

Risk management principles and practices apply to both trading and investing, even though the kinds of risk management would be different under each.

For long term investing, cashflow management, investing within your discretionary income and maintaining various kinds of back up funds, such as emergency funds, reserve funds and cash floats are all practices that involve risk management and can be strengthened or weakened depending on how they are carried out.

I have divided money to three levels for living in life My income is $ 5 per day, I have divided this $ 5 into three parts. For 2 dollars for a family, 1 dollar is to deal with a natural disaster and the rest of the $ 2 is investing in Bitcoin for a long time. It made me about $ 60 in Bitcoin per monthI am investing, and one thing is easy for me to divide the life cycle into three parts. I think if every investor can adopt such a procedure, then Bitcoin's market instability will not be under any human pressure.

Bitcoin is a patience test, so you can expect any good results here. Keep an eye on the market and continue the Bitcoin investment process in accordance with the above rules so that after a long time, you may be able to qualify for a high return.

Your numbers seem a bit crazy, yet if we can assume that you are able to take care of all of your expenses with 40% of your income, and you have 20% that you are able to set aside for your emergency/back up funds and you are able to invest in bitcoin with the other 40%, then surely if you are putting 20% of your income into your emergency funds, then after 6 months, your emergency fund will equal 3 months of your monthly expenses, and you may well not need to continue to put that money into your emergency fund, even though surely, it still may be a good idea to continue to build and maintain other back up funds beside just your emergency funds.. since ideally, the emergency funds would not be touched at all absent an actual emergency. 

Back up funds can be saved up for a variety of purposes.

Regarding the potential sustainability of your overall investment plan, if you were able to continue such plan for many years, then each year, the amount that you invest into bitcoin would be equal to your expenses, and so after 5 years, you would have had put the equivalent of 5 years worth of your expenses into bitcoin.  So then at that point, there also may have had been bitcoin price appreciation, and also you may well need to consider the extent to which you would like to have your same income or some higher income in order to at some point start to consider the potential of living off of your bitcoin in a kind of sustainable withdrawal way... since it seems to me that even if you are able valuate your bitcoin with the 200-WMA and to reach 10 years of your income (or your anticipated expenses), then it would be possible to employ formulas to start to sustainably withdraw up to 10% of the 200 WMA cash value based on price and/or based on time.

So, for example, it is my opinion that a guy with a desire to have an income of $80k per year, he could have a bitcoin stash amount of 17.86 and to be able to sustainably withdraw $80k per year, including accounting for changes in the cost of living (ongoing debasement of the dollar and other fiat).  Although if he has the bare minimum threshold level of BTC, then he might need to consider not withdrawing too much of his principle amount as the 200-WMA of his BTC will likely continue to grow faster than his withdrawal rate, as long as the BTC price is staying at least 25% higher than the 200-WMA.

Of course, the numbers can be adjusted, so that if a person felt that he ONLY needed $8k per year to live in comfort, then right now, based on the same principles described above, he would ONLY need to have had reached and/or exceeded the accumulation of 1.786 BTC in order to reach the entry level threshold for that sustainable income level of $8k per year.

You, asarfiar, are describing a situation in which you say that you are receiving an income of ONLY $1,825 per year, and so sure it could be possible that your threshold level of BTC accumulation could be somewhere in the ballpark of 0.4465 BTC  (which is 1.786 / 4).. and yeah, of course, if you proclaiming that you are currently living off of ONLy half of that amount, then you could get by with a threshold level of 0.22325 BTC, which would give a sustainable income of $1k per year or $83 per month.  Of course, many of us are shooting for higher amounts of income, yet it is understandable that some folks might well be able to sustain themselves with much lower amounts of income, even though we also know that some of the bitcoin transaction fees are erratic for guys trying to transact with really small amounts of value... even though it could be possible that some of the transaction fees will evolve and/or that your local area might have options for lower transaction fees, depending on where you are at and the extent to which you might be able to transact directly with bitcoin or if you are using 3rd party services.

By the way, even at your current rate of investment into bitcoin of supposedly $2 per day, which is around $730 per year, it may still take you a while to reach 0.22325 BTC or greater, yet one of the great things about bitcoin, is that the threshold for any of us to reach fuck you status is coming down with the passage of time, at least in terms of the quantity of how many bitcoin you need in order to reach or exceed your accumulation threshold level.

[Moreno233]

I have divided money to three levels for living in life My income is $ 5 per day, I have divided this $ 5 into three parts. For 2 dollars for a family, 1 dollar is to deal with a natural disaster and the rest of the $ 2 is investing in Bitcoin for a long time. It made me about $ 60 in Bitcoin per monthI am investing, and one thing is easy for me to divide the life cycle into three parts. I think if every investor can adopt such a procedure, then Bitcoin's market instability will not be under any human pressure.

Bitcoin is a patience test, so you can expect any good results here. Keep an eye on the market and continue the Bitcoin investment process in accordance with the above rules so that after a long time, you may be able to qualify for a high return.

Are you expecting any natural disaster? Well the right word to use is emergency funds and not natural disaster. Emergency fund means money you set aside from your investment money and basic needs money, to help in a situation whereby you need to do something with money but you did not plan for that thing. You might have a visitor with a short notice and who you have to buy some drinks for entertainment, this funds does not fall into your basic needs so the emergency funds can take care of that. Other cases can be when you have to change your spoilt car tire, something you did not budget for when you received your salary. There are many cases that we can describe as emergency in our daily lives but the idea is just things you did not plan for that happens.

For the family needs, are you sure $2 will be enough daily? That is too small amount in most countries and no matter how small your family is, $2 is looking too small for me. I will advice you work on your finances more so that you can improve your cashflow to be able to have enough money so that you can comfortably buy and hold Bitcoin.

[JayJuanGee]

I have divided money to three levels for living in life My income is $ 5 per day, I have divided this $ 5 into three parts. For 2 dollars for a family, 1 dollar is to deal with a natural disaster and the rest of the $ 2 is investing in Bitcoin for a long time. It made me about $ 60 in Bitcoin per monthI am investing, and one thing is easy for me to divide the life cycle into three parts. I think if every investor can adopt such a procedure, then Bitcoin's market instability will not be under any human pressure.

Bitcoin is a patience test, so you can expect any good results here. Keep an eye on the market and continue the Bitcoin investment process in accordance with the above rules so that after a long time, you may be able to qualify for a high return.

Are you expecting any natural disaster? Well the right word to use is emergency funds and not natural disaster. Emergency fund means money you set aside from your investment money and basic needs money, to help in a situation whereby you need to do something with money but you did not plan for that thing. You might have a visitor with a short notice and who you have to buy some drinks for entertainment, this funds does not fall into your basic needs so the emergency funds can take care of that. Other cases can be when you have to change your spoilt car tire, something you did not budget for when you received your salary. There are many cases that we can describe as emergency in our daily lives but the idea is just things you did not plan for that happens.

For the family needs, are you sure $2 will be enough daily? That is too small amount in most countries and no matter how small your family is, $2 is looking too small for me. I will advice you work on your finances more so that you can improve your cashflow to be able to have enough money so that you can comfortably buy and hold Bitcoin.

I personally consider emergency funds to be something that you do not touch absent actual emergency.  The reserve funds could be used for various non-emergency unexpected matters /expenses.. and also, if you run out of reserve funds, then the last resort that you have prior to tapping into your bitcoin would be your emergency funds.

[Derekfunds]

It is a simple consideration that an investor should have alternative sources of income and also if you have extra money to invest then Bitcoin would be the best venture for you. Your objective is to hold Bitcoin and your effort to be long term is DCA or single investment. Bitcoin is only recommended for newbies who do not bear additional risk in DCA strategy. The review of discretionary income source that you mentioned is that it is a long term investment endeavor where an investor is looking for a great strategy for his future.

I agree with you if you want to be able to carry out investments well on Bitcoin then we must have some sources of income to be able to maintain the assets in the long run because if the income we have hanay enough for needs is certainly not possible to run the investment because it takes a time that is not a short time to produce profits from the investment.
When someone wants to survive in the long run, it will certainly be very good in using the DCA method because they can always buy consistently according to their abilities after fulfilling all the needs they need because it will be very unlikely to survive if the necessary needs have not been fulfilled properly.

You are absolutely correct but sometimes it is not about having a source of income because some people who have source of income are still going the wrong way in this Bitcoin investment. Bitcoin investment should be something we have made up our mind to venture into, and having the long term in mind because this investment is not something one will invest overnight and be expecting profit the next day so it is possible one will have a source of income and yet not prepared or not interested for the long term so a successful investment is a function of our source of income, determination, consistency, discipline etc.

[Barikui1]

It is a simple consideration that an investor should have alternative sources of income and also if you have extra money to invest then Bitcoin would be the best venture for you. Your objective is to hold Bitcoin and your effort to be long term is DCA or single investment. Bitcoin is only recommended for newbies who do not bear additional risk in DCA strategy. The review of discretionary income source that you mentioned is that it is a long term investment endeavor where an investor is looking for a great strategy for his future.

I agree with you if you want to be able to carry out investments well on Bitcoin then we must have some sources of income to be able to maintain the assets in the long run because if the income we have hanay enough for needs is certainly not possible to run the investment because it takes a time that is not a short time to produce profits from the investment.
When someone wants to survive in the long run, it will certainly be very good in using the DCA method because they can always buy consistently according to their abilities after fulfilling all the needs they need because it will be very unlikely to survive if the necessary needs have not been fulfilled properly.

You are absolutely correct but sometimes it is not about having a source of income because some people who have source of income are still going the wrong way in this Bitcoin investment. Bitcoin investment should be something we have made up our mind to venture into, and having the long term in mind because this investment is not something one will invest overnight and be expecting profit the next day so it is possible one will have a source of income and yet not prepared or not interested for the long term so a successful investment is a function of our source of income, determination, consistency, discipline etc.

You are actually right that determination, consistency and discipline is very vital in Bitcoin investment if you must succeed on the longer run, but take note that you might have the will and all these in place, but if you fail to have a source of income, an emergency funds that stands as a shield against any unforseen circumstances that may arise in the future, and possibly a backup fund, all your determination, consistency and discipline will be laid waste because you fail to channel all your energy in doing the right thing, by managing your finances rightly, which I think is very much important when investing in Bitcoin.
That's why you will see someone that has been holding for some time now, because the will and determination is their, but due to lack of proper management of funds, they end up selling of their holdings because in as much as they are determined, consistent and discipline, they still lack the right knowledge on what is required for them to be able to hold successfully.
So in essence of what am trying to say is that, having the right knowledge on what is required to hold, is the main key thing that will complement your determination, consistency and your discipline, without having the right knowledge on all that it entails to hold successfully, is like doing the right thing the wrong way, which cannot give you the best possible result.

[As-Soon-As]

I have divided money to three levels for living in life My income is $ 5 per day, I have divided this $ 5 into three parts. For 2 dollars for a family, 1 dollar is to deal with a natural disaster and the rest of the $ 2 is investing in Bitcoin for a long time. It made me about $ 60 in Bitcoin per monthI am investing, and one thing is easy for me to divide the life cycle into three parts. I think if every investor can adopt such a procedure, then Bitcoin's market instability will not be under any human pressure.

Bitcoin is a patience test, so you can expect any good results here. Keep an eye on the market and continue the Bitcoin investment process in accordance with the above rules so that after a long time, you may be able to qualify for a high return.

Are you expecting any natural disaster? Well the right word to use is emergency funds and not natural disaster. Emergency fund means money you set aside from your investment money and basic needs money, to help in a situation whereby you need to do something with money but you did not plan for that thing. You might have a visitor with a short notice and who you have to buy some drinks for entertainment, this funds does not fall into your basic needs so the emergency funds can take care of that. Other cases can be when you have to change your spoilt car tire, something you did not budget for when you received your salary. There are many cases that we can describe as emergency in our daily lives but the idea is just things you did not plan for that happens.

For the family needs, are you sure $2 will be enough daily? That is too small amount in most countries and no matter how small your family is, $2 is looking too small for me. I will advice you work on your finances more so that you can improve your cashflow to be able to have enough money so that you can comfortably buy and hold Bitcoin.

I personally consider emergency funds to be something that you do not touch absent actual emergency.  The reserve funds could be used for various non-emergency unexpected matters /expenses.. and also, if you run out of reserve funds, then the last resort that you have prior to tapping into your bitcoin would be your emergency funds.

That is why we should give the most importance to emergency funds, because if we want to sustain Bitcoin investment in the long term, our first step must be to take an emergency fund. The person or investor who does not have an emergency fund, the Bitcoin investment of that person is definitely at risk.
Because he will be unable to deal with any situation, if that person has an emergency fund, then he will definitely be able to deal with any situation and always sustain his Bitcoin investment. Therefore, we should plan an emergency fund as soon as we start investing, which is the best way to invest in Bitcoin.

[Taskford]

I have divided money to three levels for living in life My income is $ 5 per day, I have divided this $ 5 into three parts. For 2 dollars for a family, 1 dollar is to deal with a natural disaster and the rest of the $ 2 is investing in Bitcoin for a long time. It made me about $ 60 in Bitcoin per monthI am investing, and one thing is easy for me to divide the life cycle into three parts. I think if every investor can adopt such a procedure, then Bitcoin's market instability will not be under any human pressure.

Bitcoin is a patience test, so you can expect any good results here. Keep an eye on the market and continue the Bitcoin investment process in accordance with the above rules so that after a long time, you may be able to qualify for a high return.

Are you expecting any natural disaster? Well the right word to use is emergency funds and not natural disaster. Emergency fund means money you set aside from your investment money and basic needs money, to help in a situation whereby you need to do something with money but you did not plan for that thing. You might have a visitor with a short notice and who you have to buy some drinks for entertainment, this funds does not fall into your basic needs so the emergency funds can take care of that. Other cases can be when you have to change your spoilt car tire, something you did not budget for when you received your salary. There are many cases that we can describe as emergency in our daily lives but the idea is just things you did not plan for that happens.

For the family needs, are you sure $2 will be enough daily? That is too small amount in most countries and no matter how small your family is, $2 is looking too small for me. I will advice you work on your finances more so that you can improve your cashflow to be able to have enough money so that you can comfortably buy and hold Bitcoin.

I personally consider emergency funds to be something that you do not touch absent actual emergency.  The reserve funds could be used for various non-emergency unexpected matters /expenses.. and also, if you run out of reserve funds, then the last resort that you have prior to tapping into your bitcoin would be your emergency funds.

That is why we should give the most importance to emergency funds, because if we want to sustain Bitcoin investment in the long term, our first step must be to take an emergency fund. The person or investor who does not have an emergency fund, the Bitcoin investment of that person is definitely at risk.
Because he will be unable to deal with any situation, if that person has an emergency fund, then he will definitely be able to deal with any situation and always sustain his Bitcoin investment. Therefore, we should plan an emergency fund as soon as we start investing, which is the best way to invest in Bitcoin.

People should never think about the emergency funds could be used for their investment in future. But rather people should think about using this fund for emergency situation like to cover their finances if they experience situation where they lose their income and other health emergency situations.

That's why this fund should be not touch since this could save them on actual emergency cases that might happen to them in future. Better for people to forget about this fund and use their discretionary income for investment just like what they currently do on Bitcoin.

[SOKO-DEKE]

I have divided money to three levels for living in life My income is $ 5 per day, I have divided this $ 5 into three parts. For 2 dollars for a family, 1 dollar is to deal with a natural disaster and the rest of the $ 2 is investing in Bitcoin for a long time. It made me about $ 60 in Bitcoin per monthI am investing, and one thing is easy for me to divide the life cycle into three parts. I think if every investor can adopt such a procedure, then Bitcoin's market instability will not be under any human pressure.

Bitcoin is a patience test, so you can expect any good results here. Keep an eye on the market and continue the Bitcoin investment process in accordance with the above rules so that after a long time, you may be able to qualify for a high return.

Are you expecting any natural disaster? Well the right word to use is emergency funds and not natural disaster. Emergency fund means money you set aside from your investment money and basic needs money, to help in a situation whereby you need to do something with money but you did not plan for that thing. You might have a visitor with a short notice and who you have to buy some drinks for entertainment, this funds does not fall into your basic needs so the emergency funds can take care of that. Other cases can be when you have to change your spoilt car tire, something you did not budget for when you received your salary. There are many cases that we can describe as emergency in our daily lives but the idea is just things you did not plan for that happens.

For the family needs, are you sure $2 will be enough daily? That is too small amount in most countries and no matter how small your family is, $2 is looking too small for me. I will advice you work on your finances more so that you can improve your cashflow to be able to have enough money so that you can comfortably buy and hold Bitcoin.

I personally consider emergency funds to be something that you do not touch absent actual emergency.  The reserve funds could be used for various non-emergency unexpected matters /expenses.. and also, if you run out of reserve funds, then the last resort that you have prior to tapping into your bitcoin would be your emergency funds.

This makes me remember when I started my Bitcoin investment a few years back. I had nobody to educate me about having an emergency fund alongside my Bitcoin investment. Due to this lack of knowledge, any amount that came into my hands at that time, I would quickly invest in Bitcoin.

However, a situation arose where I urgently needed money to solve a problem. I looked for any means to get the money but found no other option than to sell some of my Bitcoin all because i don't have emergency funds. The crazy thing at that moment was that the Bitcoin market price was down, so I ended up selling some of my Bitcoin at a loss. It really pained me seriously.

From that moment, I started taking emergency funds very seriously. I made it a habit to not only top up my Bitcoin investment but also consistently add more money to my emergency fund. Since then, my Bitcoin investment has been going smoothly. So emergency funds is important and every inveator need it for smoothy invest plans.

[Tamaperdana]

It is a simple consideration that an investor should have alternative sources of income and also if you have extra money to invest then Bitcoin would be the best venture for you. Your objective is to hold Bitcoin and your effort to be long term is DCA or single investment. Bitcoin is only recommended for newbies who do not bear additional risk in DCA strategy. The review of discretionary income source that you mentioned is that it is a long term investment endeavor where an investor is looking for a great strategy for his future.

I agree with you if you want to be able to carry out investments well on Bitcoin then we must have some sources of income to be able to maintain the assets in the long run because if the income we have hanay enough for needs is certainly not possible to run the investment because it takes a time that is not a short time to produce profits from the investment.
When someone wants to survive in the long run, it will certainly be very good in using the DCA method because they can always buy consistently according to their abilities after fulfilling all the needs they need because it will be very unlikely to survive if the necessary needs have not been fulfilled properly.

I think this is quite clear, because if you think logically, how can someone who does not have discretionary income comfortably invest in bitcoin. Because the name of the investment will definitely be held in the long term, so it is certain that the money used must really use cold money. because if not, the first thing that might have an impact is that you will sell your bitcoin faster, which is caused by pressing needs. That is why investing in bitcoin is really required to use cold money or what is called discretionary income. Because it is useful for the smooth running of our investment in bitcoin. So if for example you don't have discretionary income, I think don't enter the realm of bitcoin investment yet. Because basically your money management, or your cash flow system is not yet qualified. So the first step you have to do is increase your sources of income so that you can have discretionary income to invest in bitcoin.