Buy Buy Buy or Sell Sell Sell?

[DubemIfedigbo001]

If some people are concerned about the price, they'll say it's too high to buy. We'll wait for the Bitcoin price to fall below $110,000. So, if the Bitcoin price is currently below $110,000, or more precisely, $104,500, do you still believe this is still high?

I want to say, if you want to buy for investment, it's not a good idea to delay because of the price. Delaying based on the high price is where the mistake lies, even though everyone has their own methods and strategies. The problem isn't trading, but long-term investing.

 it seems that the current price of Bitcoin is very low, just like the price when Bitcoin first came to the market. Because everyone is currently moving towards Bitcoin. 

This is wrong the price of bitcoin is not as low as when it first came to the market because Bitcoin's first recorded trade in late 2009 valued the cryptocurrency at $0.00099 per coin, with 5,050 BTC exchanged for $5.02., this cannot be compared to the price of today of $102,000 per bitcoin.

 

Many countries are currently declaring Bitcoin as legal. The world's largest companies such as BlackRock are currently investing in Bitcoin. There is a very high possibility that the price of Bitcoin may increase much more in the future. So those who now think that the price of Bitcoin is too high will always regret it.

Institutions like Blckrock buying bitcoin isn't necessarily a win for bitcoin, although it helps increase the price, but it is a win for centralization and not in line with the decentralization bitcoin was created for. For sure we continue to believe that bitcoin would continue to perform better in the future which is why every investor is advised to jump right in and start accumulating regardless of the price you met it because bitcoin performs well on a long-term ride and it would be better if you invest into it rather than keeping discretionary income in fiat which would gradually depreciate over time.

[Gallar]

There may also be some other reasons because many people consider long-term investment to be time-consuming and they do not have the mentality to continue investing patiently. A long-term investment usually lasts for four to eight years. And when someone enters long-term investment, he has to continue investing regularly for four to eight years. But some lose patience in the middle. Again, there are many who enter regular investment but sell out because they are scared of market fluctuations. So in this case, a strong mentality and patience are very important to continue long-term investment. Also, faith is very important here. Because if someone cannot hold on to the faith of Bitcoin, then he will never be able to continue his investment in the long term due to doubts.

Yes, basically when we invest in bitcoin, it is definitely a little difficult to overcome the hodl process. Because when we hodl bitcoin in the long term, I think everyone must have felt uncertain at certain times, such as when the price of bitcoin really skyrocketed. So, in my mind, at least, there's this thought that if I sold my Bitcoin at that time, I would definitely make a profit. But fortunately, I personally never wavered from my initial intention.

That's how I deal with it when my mind wavers a little during the Bitcoin hodl. Because logically speaking, if we sell our Bitcoin now, we will only be happy for a short time, but after that, I'm sure we will regret it. Because in my personal opinion, when a Bitcoin investor sells their Bitcoin before two cycles, it is very likely that they will find it difficult to rebuild their mentality as a beginner. And if that happens, they might end up becoming a trader. That's why I think we shouldn't be thinking about hitting the sell button for our Bitcoin investments right now. Because this isn't the time to hit the sell button, so be patient, and the results will definitely be much greater.

[AirtelBuzz]

, if we can analyze the price of this small amount of unit from the initial stage, maybe there will be no problem in long-term investment because it will be easier to raise money to buy fractional amounts of Bitcoin.

Satoshi to USD / BTC Converter & Calculator https://bitbo.io/tools/satoshi-usd/

Their is no point making it looks complicating buddy, what are we analyzing this or that for?

Just seize the opportunity now and buy as much as possible, and even possibly aggressively, as long as you stay within the confinement of your discretionary income.
Analyzing the price chart are for traders not we that are only looking at the bigger picture (investing long term).

Apparently, i would say that you have made it complicated because the purpose of analyzing the price of a small unit was to understand that many people initially consider the price of Bitcoin to be overvalued, even thinking that if they were to invest, they would probably have to buy this digital gold with the same amount of dollars as the price offered in the Bitcoin market. So if we know the price of small units, i.e. how much one satoshi can be worth or how many satoshis can be obtained for one dollar, This will allow new investors to get the idea at the beginning of their investment that Bitcoin is not overvalued and this little bit of analysis or basic analysis can certainly be applicable because those who have some knowledge about the dollar to satoshi rate and the bitcoin to dollar rate will have a strong investment foundation from the initial stage.

And this is why over paying attention to the price movement of Bitcoin is not good because you will over complicate things for yourself, instead of just buying regardless of it price and move on till your discretionary income is ready again.

It may not be a good idea to pay too much attention to Bitcoin price movements because even if you wanted to, you might not be able to accurately predict the price of this digital gold, so paying too much attention to this price may complicate the investment journey because logically speaking, potential investors should buy BTC regardless of the price.

[Lembo69]

Because this isn't the time to hit the sell button, so be patient, and the results will definitely be much greater.

Holding patiently in investments is not easy for everyone. There are many who do not want to wait 4-10 years and actually miss the opportunity. You may have read the story of the goose that laid the golden egg, but its owner cut its stomach in greed for more eggs because of its delay in laying the egg, so the same thing will happen to the impatient investor if he sells his investment before the end of the cycle. The more he is in investment, the more he can increase his portfolio.

Hold with the help of hedging which will be parallel. And to get beneficial results, you must plan and hodle for the long term. Never have the mentality of selling your investment before the end of the cycle. And do not even think about selling. The money from this sale will only make you happy for a while but later you will regret thinking that you could have made more profit. So create an investment mindset in such a way that no matter how big an opportunity comes to you, you will only reach your goal and go a long way. Never lose the opportunity for long-term gains by selling investments for short-term gains.

[Bluedrem]

I mean, why not use a regular buying pattern with a fixed budget, ignoring the purchase price? This pattern is better known as DCA.
As of today, the price is $101,000, and $98,000 is the lowest price. If you normally get Bitcoin for 0.000xx with a set budget, you might get 0.00xxx at the current price.

The priority isn't complaining, but rather the awareness of buying regularly without wasting time checking the price chart every time you buy.

From the day people start looking at how much Bitcoin they can collect without considering Bitcoin in terms of dollars, people will buy Bitcoin without looking at the price of Bitcoin. At present, I would not call the decline in the price of Bitcoin a decrease in the price of Bitcoin, I would call it maintaining the value of the dollar relative to Bitcoin. We know that fiat currency is constantly losing its value, so why would we deposit fiat currency to buy DIP? Also, we do not know how much Bitcoin will be worth in DIP. That is why I always try to invest in Bitcoin immediately from that money if I have discretionary income. In the DCA method, any amount of Bitcoin can be purchased with any amount of money at any time, so the DCA method is my favorite. If a person has any discretionary income in a week or a month, he should buy Bitcoin no matter what the price of Bitcoin is.

[ruykeri]

Because this isn't the time to hit the sell button, so be patient, and the results will definitely be much greater.

Hold with the help of hedging which will be parallel. And to get beneficial results, you must plan and hodle for the long term. Never have the mentality of selling your investment before the end of the cycle. And do not even think about selling. The money from this sale will only make you happy for a while but later you will regret thinking that you could have made more profit. So create an investment mindset in such a way that no matter how big an opportunity comes to you, you will only reach your goal and go a long way. Never lose the opportunity for long-term gains by selling investments for short-term gains.

If someone plans to hold and hedge in parallel, then both of them become opposites. The purpose of investing in Bitcoin is to hold for a long time. But if you start hedging there, then in reality, as a result, you will lose the opportunity to make real profits in the long term. The purpose of investing through Bitcoin DCA is to make investment in a long time in an easy way without selling any Bitcoin. In the meantime, if you continue to hedge in parallel, then it will prove that your trust  and patience are low.

[Derekfunds]

Some people think that monitoring the market is done by traders, Real investors do monitor the market too but he is not doing that with the mindset to buy bitcoin when the price is low, he is always buying with the DCA strategy why they do cheek those market trend at times is to know when they can buy more bitcoin, some times they want to accumulate more bitcoin at a lower rate when bitcoin is dip so monitoring the market isn't bad as some persons may think, i think when it's bad is timing it to only buy when the market has drop than the one can be seen as gambling and it isn't good.

Monitoring the market is not bad but many times it is seen that when an investor is monitoring the market, he may fail to maintain his holdings sometimes. Because he may panic while monitoring the market. Since the Bitcoin market is volatile. If an investor adopts the principle of long-term investment and follows DCA, I think it is not necessary for him to monitor the market. The price of Bitcoin will never be bullish or bearish, but if he holds it for a long time, the investor will definitely benefit.

Monitoring the market doesn’t add or decrease anything to us investing in bitcoin, which is why I think monitoring the Bitcoin market price is really not important, which is why we should always be more focused in buying bitcoin, someone who wants to invest in bitcoin maybe a newbie or a beginner I think the most ideal thing is to get started instead of watching the market price.

With the nature of bitcoin, I guess some folks would be feeling like they can be Mr know it all, and they will feel they can be ahead of themselves, which I think it’s never necessary when investing in bitcoin, I wouldn’t believe someone coming to me and telling me that they can predict the price of bitcoin in next week or next month, I would say that is absolutely fallacy.

The main goal of investing in Bitcoin is for the future, not to make a quick profit, so why would an investor monitor the market when they understand that the goal of this investment is to grow and we don't have to worry about the market all the time? Monitoring the market price will cause those who lack patience to sell the Bitcoin they hold since they will not be able to endure the market that always changes. So it's better to be focused on accumulating instead of the price.

Sure, we should never believe anyone who claims to have call signals when the market price will dip or rise, those people are traders looking for a quick profit, not long term investors. The most important thing is to invest only what you can afford to lose, as Bitcoin also involves risk because no one knows what will happen in the future.

I think the major problem here is that most persons are yet to really understand that bitcoin investment is a long term investment and at such it should be treated as such, If people should see bitcoin as a long term investment goal, then I believe that most of this problem will be over. Bitcoin investment isn’t a get rich quick scheme, anyone who’s venturing in it should invest with a long term goal of consistently accumulating bitcoin and hold for the long term purpose.

I disagree with you, not most persons rather few persons doesn't really know that Bitcoin is a long term investment and these people are new pleb and some are people who haven't started investing or people who doesn't know their right or left in this Bitcoin journey. I can tell you for free that majority know that Bitcoin investment is not a get rich quick scheme and they also know that Bitcoin is a long term investment but they just do not want to follow that way because of greed and impatient or maybe because of the story ( profit story) about someone that invested into Bitcoin for short term (trader).

[taibodi]

If some people are concerned about the price, they'll say it's too high to buy. We'll wait for the Bitcoin price to fall below $110,000. So, if the Bitcoin price is currently below $110,000, or more precisely, $104,500, do you still believe this is still high?

I want to say, if you want to buy for investment, it's not a good idea to delay because of the price. Delaying based on the high price is where the mistake lies, even though everyone has their own methods and strategies. The problem isn't trading, but long-term investing.

Those who say that the price of Bitcoin is too high may not understand what Bitcoin is. The reason for saying this is because of the Bitcoin network and the supply of Bitcoin. Looking at the amount of Bitcoin demand that is increasing, it seems that the current price of Bitcoin is very low, just like the price when Bitcoin first came to the market. Because everyone is currently moving towards Bitcoin.
Many countries are currently declaring Bitcoin as legal. The world's largest companies such as BlackRock are currently investing in Bitcoin. There is a very high possibility that the price of Bitcoin may increase much more in the future. So those who now think that the price of Bitcoin is too high will always regret it.

Investors should never worry about the price of Bitcoin. An investor should always continue to buy continuously. A business is always worried about the price of Bitcoin. An investor is not worried about the price of Bitcoin at all.

Yes, brother, I also hear many people say that the price of Bitcoin is high. But investors do not try to understand that everything changes with time. What was the price of gold 10/20 years ago from today? It is normal that places or land, houses, flats, everything has increased or will increase much more than in the past 10/20 years. And Bitcoin is digital gold. This digital gold (Bitcoin) will increase with time, this is correct. I think that it is never possible to increase the size of this world more than it is. The population is increasing, everyone has to live within the size that is available, the demand for everything is increasing, investors are increasing, the demand for Bitcoin is increasing. So it is normal that the price will increase with the demand. So if we cannot buy before the abnormal increase, we have to plan accordingly. If the purchase price increases excessively, it will be difficult to buy. So I think there is still time to invest in Bitcoin very quickly and become a part of success. A successful Bitcoin investor never worries about price. A Bitcoin investor always thinks about increasing their collection through continuous purchases for the long term.

[Bigjoe33]

The money we spend to meet our needs to run our lives, the remaining earned money, is called discretionary income. And we recommend investing this discretionary money in Bitcoin. Because there is no demand for this remaining earned money. So that we do not have to sell Bitcoin holdings due to unexpected complications. And the holding can be increased. It should not be hindered from holding it for a long time. In our larger interests, we should abandon short-term thinking, short-term gains hinder large possibilities. We have to increase our discretionary income, without unnecessary expenses. Then it will be possible to increase the holding gradually. And the important thing is to plan to hold Bitcoin investment for a long time. Long-term planning is always best in Bitcoin investment.

It is important to have a financial plan in investment. And we know that we should definitely invest with that money that is not essential for our lifestyle, that is, the money that will not affect our daily life if lost. There are many people who invest but they do not leave any money for emergency expenses and invest the money for basic needs, due to which a financial crisis may arise and they may not get money even in an emergency. In such a situation, they may be forced to sell. Bitcoin has the potential to increase in value in the long term, so it is important to maintain a long-term mindset in investment, many people lose patience. Finally, it is safe to move forward with patience by keeping a long-term mindset regularly through proper financial management.

How will you invest in Bitcoin when you don't have emergency funds, what if emergency arises in the nearest future what will you use to offset it? Doing that is totally wrong, Bitcoin investment is  not a must that someone will inves in it but it is very necessary because if you have Bitcoin in your possession in years time you will be feeling like boss because you have a great and amazing asset in your portfolio but going about It wrongly is not advisable because if you don't have emergency funds there is every possibility that your investment won't last for long because you will sell when emergency come up.

Yea, I would like to add that folks who spend there extra cash on frivolities or extravaganza is rather too wasteful now, and not future minded, even though every folk has the choice to make, because a time would come when they maybe very weak and can't work or even retired from active work, then it will dawn on them that it would have been better they only enjoyed a little now and invested for the future.

 On the other hand too, any folk who invests all his discretionary into Bitcoin and fails to build up his emergency funds from that discretionary is only playing with his investment and is rather not serious with himself. If after knowing the importance and/or the role of emergency funds to an investor, he fails to build up and/or create an emergency funds and other back up funds for himself, then I would describe such actions as to the popular statement, ''Penby wise, pounds foolish''.
To him, he is investing aggressively and building up his portfolio quickly, but believe me that such an investor will loose his investment when emergency situations arises which he can't handle because he hasn't created an avenue to settle it.

Every business has a bedrock and a base that holds it. Emergency funds is one of it when it comes to Bitcoin investment, investors must not joke with it.

[Money bag]

The money we spend to meet our needs to run our lives, the remaining earned money, is called discretionary income. And we recommend investing this discretionary money in Bitcoin. Because there is no demand for this remaining earned money. So that we do not have to sell Bitcoin holdings due to unexpected complications. And the holding can be increased. It should not be hindered from holding it for a long time. In our larger interests, we should abandon short-term thinking, short-term gains hinder large possibilities. We have to increase our discretionary income, without unnecessary expenses. Then it will be possible to increase the holding gradually. And the important thing is to plan to hold Bitcoin investment for a long time. Long-term planning is always best in Bitcoin investment.

It is important to have a financial plan in investment. And we know that we should definitely invest with that money that is not essential for our lifestyle, that is, the money that will not affect our daily life if lost. There are many people who invest but they do not leave any money for emergency expenses and invest the money for basic needs, due to which a financial crisis may arise and they may not get money even in an emergency. In such a situation, they may be forced to sell. Bitcoin has the potential to increase in value in the long term, so it is important to maintain a long-term mindset in investment, many people lose patience. Finally, it is safe to move forward with patience by keeping a long-term mindset regularly through proper financial management.

How will you invest in Bitcoin when you don't have emergency funds, what if emergency arises in the nearest future what will you use to offset it? Doing that is totally wrong, Bitcoin investment is  not a must that someone will inves in it but it is very necessary because if you have Bitcoin in your possession in years time you will be feeling like boss because you have a great and amazing asset in your portfolio but going about It wrongly is not advisable because if you don't have emergency funds there is every possibility that your investment won't last for long because you will sell when emergency come up.

You creating an emergency fund without any bitcoin investment ongoing doesn't make much sense to me, emergency fund is like a snail shell or like the tortoise back that protects the tortoise from getting harm, you can start accumulating bitcoin with your discretionary income and gradually be making up your emergency fund as you are buying bitcoin.

[Hardyrobust]

]
You creating an emergency fund without any bitcoin investment ongoing doesn't make much sense to me, emergency fund is like a snail shell or like the tortoise back that protects the tortoise from getting harm, you can start accumulating bitcoin with your discretionary income and gradually be making up your emergency fund as you are buying bitcoin.

you are really funny what makes you think ithat  it is only when we have bitcoin investment that is when we are to have an emergency funds. The purpose of emergency funds is not just to safeguard your bitcoin investment. Emergency funds is crucial for everyone both bitcoin investors and non investors since emergency is not just limited to only those with bitcoin investment. As much as emergency funds is crucial for bitcoin investors so also it is crucial for everyone in other for them to be able to tackle or sought emergent situation when ever they may arise.

[laspol65]

Because this isn't the time to hit the sell button, so be patient, and the results will definitely be much greater.

Hold with the help of hedging which will be parallel. And to get beneficial results, you must plan and hodle for the long term. Never have the mentality of selling your investment before the end of the cycle. And do not even think about selling. The money from this sale will only make you happy for a while but later you will regret thinking that you could have made more profit. So create an investment mindset in such a way that no matter how big an opportunity comes to you, you will only reach your goal and go a long way. Never lose the opportunity for long-term gains by selling investments for short-term gains.

If someone plans to hold and hedge in parallel, then both of them become opposites. The purpose of investing in Bitcoin is to hold for a long time. But if you start hedging there, then in reality, as a result, you will lose the opportunity to make real profits in the long term. The purpose of investing through Bitcoin DCA is to make investment in a long time in an easy way without selling any Bitcoin. In the meantime, if you continue to hedge in parallel, then it will prove that your trust  and patience are low.

Every person invests in Bitcoin based on his income, if the Bitcoin holder has enough discretionary income and risk-taking ability to earn income, then he will eventually be able to hold it for a long time. Because when a person follows the Bitcoin DCA method, he keeps accumulating Bitcoin for a long time. The DCA method has many advantages. Where a person follows the DCA method, it is easy for him to hold it and buy Bitcoin weekly and the portfolio grows rapidly, then the mentality of investing in Bitcoin is more healthy.
Because if a person follows the DCA method, he should adopt all the strategies where his Bitcoin investment can be sufficient.

[Joeboy]

You creating an emergency fund without any bitcoin investment ongoing doesn't make much sense to me, emergency fund is like a snail shell or like the tortoise back that protects the tortoise from getting harm, you can start accumulating bitcoin with your discretionary income and gradually be making up your emergency fund as you are buying bitcoin.

Emergency fund are just like a kind of safety net that protect folks financially against any kind of unexpected or unforseen life circumstances, and coz of that it is useful for both Bitcoin investors and even non Bitcoin investors. And as such creating this emergency fund prior to your Bitcoin investment isn't bad at all, so as far as you are not pausing your Bitcoin accumulatiion just to do so. It is also not bad idea to build your emergency funds alongside your Bitcoin investment, journey this coz both can go hand in hand.

[Fara Chan]

I mean, why not use a regular buying pattern with a fixed budget, ignoring the purchase price? This pattern is better known as DCA.
As of today, the price is $101,000, and $98,000 is the lowest price. If you normally get Bitcoin for 0.000xx with a set budget, you might get 0.00xxx at the current price.

The priority isn't complaining, but rather the awareness of buying regularly without wasting time checking the price chart every time you buy.

Today, Bitcoin's price will reverse again with a slight increase after reaching $98,000 yesterday. People who wouldn't buy at yesterday's price will continue to wonder, "Why didn't I buy yesterday so I could profit today and then profit later when the increase becomes even greater?" That's the question that arises in the minds of some people who were afraid to buy yesterday because they saw the price drop. I'm not too worried about this price drop even though the amount is already included in the large category, but if this month Bitcoin can reach $120K again, I think everyone will feel like they have recovered from this storm of price drops that has been going on for the past few days in the market.

[Jewan420]

Emergency fund are just like a kind of safety net that protect folks financially against any kind of unexpected or unforseen life circumstances, and coz of that it is useful for both Bitcoin investors and even non Bitcoin investors. And as such creating this emergency fund prior to your Bitcoin investment isn't bad at all, so as far as you are not pausing your Bitcoin accumulatiion just to do so. It is also not bad idea to build your emergency funds alongside your Bitcoin investment, journey this coz both can go hand in hand.

Creating an emergency fund is always a smart move. Whether you invest or not, it is not the main thing, it can be wise to have an emergency fund ready to solve real life obstacles. So there is no obligation that you should have an investment fund for an emergency fund. In the field of investment, make sure that you are not delaying investing in building an emergency fund, if you are delaying investing in building an emergency fund, then it is wrong. In this case, you need to focus more on investment funds than emergency funds. If you can afford it, then keep building an investment fund and an emergency fund together, if you cannot afford to build both, then give priority to investment funds.

[Money bag]

]
You creating an emergency fund without any bitcoin investment ongoing doesn't make much sense to me, emergency fund is like a snail shell or like the tortoise back that protects the tortoise from getting harm, you can start accumulating bitcoin with your discretionary income and gradually be making up your emergency fund as you are buying bitcoin.

you are really funny what makes you think ithat  it is only when we have bitcoin investment that is when we are to have an emergency funds. The purpose of emergency funds is not just to safeguard your bitcoin investment. Emergency funds is crucial for everyone both bitcoin investors and non investors since emergency is not just limited to only those with bitcoin investment. As much as emergency funds is crucial for bitcoin investors so also it is crucial for everyone in other for them to be able to tackle or sought emergent situation when ever they may arise.

It's good to have an emergency fund but if an investor was unable to create any but has his discretionary income to invest with should he wait till he create an emergency fund before he can get started? Waiting might cost him alot such person will miss good buying opportunity or your discretionary which was available can use for other things while waiting to get an emergency fund, now that bitcoin is dropping price and i have my discretionary income available do you think i will wait to have an emergency fund before i can get started? When i met a good buying opportunity hai man i will get started first and then start making a way for my emergency fund, not having an emergency fund shouldn't discouraged you not to hold a bitcoin portfolio.

[Tmoonz]

]
You creating an emergency fund without any bitcoin investment ongoing doesn't make much sense to me, emergency fund is like a snail shell or like the tortoise back that protects the tortoise from getting harm, you can start accumulating bitcoin with your discretionary income and gradually be making up your emergency fund as you are buying bitcoin.

you are really funny what makes you think ithat  it is only when we have bitcoin investment that is when we are to have an emergency funds. The purpose of emergency funds is not just to safeguard your bitcoin investment. Emergency funds is crucial for everyone both bitcoin investors and non investors since emergency is not just limited to only those with bitcoin investment. As much as emergency funds is crucial for bitcoin investors so also it is crucial for everyone in other for them to be able to tackle or sought emergent situation when ever they may arise.

It's good to have an emergency fund but if an investor was unable to create any but has his discretionary income to invest with should he wait till he create an emergency fund before he can get started? Waiting might cost him alot such person will miss good buying opportunity or your discretionary which was available can use for other things while waiting to get an emergency fund, now that bitcoin is dropping price and i have my discretionary income available do you think i will wait to have an emergency fund before i can get started? When i met a good buying opportunity hai man i will get started first and then start making a way for my emergency fund, not having an emergency fund shouldn't discouraged you not to hold a bitcoin portfolio.

That Bitcoin is dropping price should not be enough reason for you to buy Bitcoin with your discretionary income before you start making a way for your emergency funds, the concept of not making an emergency funds a criteria before getting started is that both can be done simultaneously that is to say if there any discretionary income available what you have to do is to keep a certain portion of that discretionary income as part of your emergency funds while you can invest other part of it which you can choose to invest in to Bitcoin and by so doing you are already reminding yourself about the importance of building your emergency funds without negligence, yes it is not compulsory to have an already made emergency funds before starting your investment.

[barisbilgili]

]
You creating an emergency fund without any bitcoin investment ongoing doesn't make much sense to me, emergency fund is like a snail shell or like the tortoise back that protects the tortoise from getting harm, you can start accumulating bitcoin with your discretionary income and gradually be making up your emergency fund as you are buying bitcoin.

you are really funny what makes you think ithat  it is only when we have bitcoin investment that is when we are to have an emergency funds. The purpose of emergency funds is not just to safeguard your bitcoin investment. Emergency funds is crucial for everyone both bitcoin investors and non investors since emergency is not just limited to only those with bitcoin investment. As much as emergency funds is crucial for bitcoin investors so also it is crucial for everyone in other for them to be able to tackle or sought emergent situation when ever they may arise.

It's good to have an emergency fund but if an investor was unable to create any but has his discretionary income to invest with should he wait till he create an emergency fund before he can get started? Waiting might cost him alot such person will miss good buying opportunity or your discretionary which was available can use for other things while waiting to get an emergency fund, now that bitcoin is dropping price and i have my discretionary income available do you think i will wait to have an emergency fund before i can get started? When i met a good buying opportunity hai man i will get started first and then start making a way for my emergency fund, not having an emergency fund shouldn't discouraged you not to hold a bitcoin portfolio.

That Bitcoin is dropping price should not be enough reason for you to buy Bitcoin with your discretionary income before you start making a way for your emergency funds, the concept of not making an emergency funds a criteria before getting started is that both can be done simultaneously that is to say if there any discretionary income available what you have to do is to keep a certain portion of that discretionary income as part of your emergency funds while you can invest other part of it which you can choose to invest in to Bitcoin and by so doing you are already reminding yourself about the importance of building your emergency funds without negligence, yes it is not compulsory to have an already made emergency funds before starting your investment.

I won't overthink the emergency fund, as I believe we all should have one, and it should only be limited to covering unexpected events especially after investing in Bitcoin, An emergency fund is crucial so that when something urgent happens and we need money, we have an emergency fund to tap without disrupting our investments, That doesn't mean it's excessive.

Just create enough for the emergency fund and the rest of the time, we should focus on continuing to accumulate Bitcoin, It's very simple in my opinion, without anything to exaggerate or fear.

[Bd officer]

you are really funny what makes you think ithat  it is only when we have bitcoin investment that is when we are to have an emergency funds. The purpose of emergency funds is not just to safeguard your bitcoin investment. Emergency funds is crucial for everyone both bitcoin investors and non investors since emergency is not just limited to only those with bitcoin investment. As much as emergency funds is crucial for bitcoin investors so also it is crucial for everyone in other for them to be able to tackle or sought emergent situation when ever they may arise.

Yes, emergency fund is very important for everyone, whether you invest in Bitcoin or not but you should save an emergency fund. Very few people in this world have invested in Bitcoin, but most people do not know about Bitcoin or have not invested, so those who have not invested in Bitcoin do not save an emergency fund? Of course, smart people save an emergency fund for emergencies.

However, Bitcoin price came to $98k but has risen again above $100k, here some people may have panicked, actually you should not panic if Bitcoin price drops. If you plan to hold for a long time then this is an opportunity for you. So if you plan to invest for a long time then buy and hold.

[Cossyblack]

]
You creating an emergency fund without any bitcoin investment ongoing doesn't make much sense to me, emergency fund is like a snail shell or like the tortoise back that protects the tortoise from getting harm, you can start accumulating bitcoin with your discretionary income and gradually be making up your emergency fund as you are buying bitcoin.

you are really funny what makes you think ithat  it is only when we have bitcoin investment that is when we are to have an emergency funds. The purpose of emergency funds is not just to safeguard your bitcoin investment. Emergency funds is crucial for everyone both bitcoin investors and non investors since emergency is not just limited to only those with bitcoin investment. As much as emergency funds is crucial for bitcoin investors so also it is crucial for everyone in other for them to be able to tackle or sought emergent situation when ever they may arise.

It's good to have an emergency fund but if an investor was unable to create any but has his discretionary income to invest with should he wait till he create an emergency fund before he can get started? Waiting might cost him alot such person will miss good buying opportunity or your discretionary which was available can use for other things while waiting to get an emergency fund, now that bitcoin is dropping price and i have my discretionary income available do you think i will wait to have an emergency fund before i can get started? When i met a good buying opportunity hai man i will get started first and then start making a way for my emergency fund, not having an emergency fund shouldn't discouraged you not to hold a bitcoin portfolio.

That Bitcoin is dropping price should not be enough reason for you to buy Bitcoin with your discretionary income before you start making a way for your emergency funds, the concept of not making an emergency funds a criteria before getting started is that both can be done simultaneously that is to say if there any discretionary income available what you have to do is to keep a certain portion of that discretionary income as part of your emergency funds while you can invest other part of it which you can choose to invest in to Bitcoin and by so doing you are already reminding yourself about the importance of building your emergency funds without negligence, yes it is not compulsory to have an already made emergency funds before starting your investment.

I won't overthink the emergency fund, as I believe we all should have one, and it should only be limited to covering unexpected events especially after investing in Bitcoin, An emergency fund is crucial so that when something urgent happens and we need money, we have an emergency fund to tap without disrupting our investments, That doesn't mean it's excessive.

Just create enough for the emergency fund and the rest of the time, we should focus on continuing to accumulate Bitcoin, It's very simple in my opinion, without anything to exaggerate or fear.

If an Emergency situation raised up that requires urgent attention and if it happens that, they is no Emergency funds,then such a person is f**ked. I think not having a backup funds should be a top concern for everyone, both bitcoin investors and non- bitcoin investors because Emergency can happen anytime, for that, having a strong backups funds incase  is very mandatory. However,any investor that is accumulating Bitcoin without having created his Emergency funds and reserve funds alongside should do so, because if confronted with Emergency cases,such an investor will end up tampering or selling all of his Bitcoin stash.