Buy Buy Buy or Sell Sell Sell?

[Rockstarguy]

Emergency funds is not for Bitcoin  or any high risk investment, its our financial safety net.

I get your point correctly, emergency funds is not mainly for Bitcoin but to help us in solving financial issues or unexpected situations that may arise in the future. The truth is emergency funds play a very big role because those financial issues or unexpected situations we are using our emergency funds to solve would have required selling our Bitcoin holdings to sort ourselves out if not for the help of the emergency funds because it's like a backup funds, so we can't say that emergency funds is not for Bitcoin even though it is mainly used for financial safety but it is required in our Bitcoin investment.

An emergency fund is very important in Bitcoin investment, but I think it's not everyone who can afford to have an emergency fund in Bitcoin. Some people are low earners, but they have a strong interest in investing in Bitcoin, and they try their best to invest a small portion of what they earn. The interest in investing in Bitcoin comes from their understanding of the potential profits they can gain. Since there isn't enough money to generate an emergency fund, they can't just relax and not invest in Bitcoin. For those who have the funds to invest in Bitcoin and to build an emergency fund, it is a good plan for Bitcoin investment. However, for those who are earning very little but have a strong interest in investing in Bitcoin, they can still go ahead with their investments; not having an emergency fund shouldn't be a reason for not buying some Bitcoin.

[Barrykbest]

Emergency funds is not for Bitcoin  or any high risk investment, its our financial safety net.

I get your point correctly, emergency funds is not mainly for Bitcoin but to help us in solving financial issues or unexpected situations that may arise in the future. The truth is emergency funds play a very big role because those financial issues or unexpected situations we are using our emergency funds to solve would have required selling our Bitcoin holdings to sort ourselves out if not for the help of the emergency funds because it's like a backup funds, so we can't say that emergency funds is not for Bitcoin even though it is mainly used for financial safety but it is required in our Bitcoin investment.

@ejikeme24, I get your view that some people earn very little but still want to invest in Bitcoin, well if you ask me I will say it’s still safer to first build a small emergency fund, even if it’s just for one or two months of expenses, so that you won’t be forced to sell your Bitcoin during a market dip when unexpected situations happen. Investing should never come at the cost of your basic stability.

[ejikeme24]

Emergency funds is not for Bitcoin  or any high risk investment, its our financial safety net.

I get your point correctly, emergency funds is not mainly for Bitcoin but to help us in solving financial issues or unexpected situations that may arise in the future. The truth is emergency funds play a very big role because those financial issues or unexpected situations we are using our emergency funds to solve would have required selling our Bitcoin holdings to sort ourselves out if not for the help of the emergency funds because it's like a backup funds, so we can't say that emergency funds is not for Bitcoin even though it is mainly used for financial safety but it is required in our Bitcoin investment.

@ejikeme24, I get your view that some people earn very little but still want to invest in Bitcoin, well if you ask me I will say it’s still safer to first build a small emergency fund, even if it’s just for one or two months of expenses, so that you won’t be forced to sell your Bitcoin during a market dip when unexpected situations happen. Investing should never come at the cost of your basic stability.

You're right, but setting up emergency funds before getting started with your Bitcoin investment does not really matter but you have every right to do it in a way that it will suit you. But I must say that this approach you're trying to implement here it's also a nice one because no one can tell when emergency will arise so going about it this way is the safest way for every beginners because I have seen a situation where a guy started a business and within the next two weeks he later sold everything due to emergency issues that just came up, now imagine if he had build emergency funds earlier before setting up the business? I'm sure that he wouldn't have tempered his business fund, so this is to remind us that sometimes it is good to set up emergency funds quite on time maybe the one that will contain 1-2 months of our monthly income  in order to be in the safer side.

[Silikiem]

Emergency funds is not for Bitcoin  or any high risk investment, its our financial safety net.

I get your point correctly, emergency funds is not mainly for Bitcoin but to help us in solving financial issues or unexpected situations that may arise in the future. The truth is emergency funds play a very big role because those financial issues or unexpected situations we are using our emergency funds to solve would have required selling our Bitcoin holdings to sort ourselves out if not for the help of the emergency funds because it's like a backup funds, so we can't say that emergency funds is not for Bitcoin even though it is mainly used for financial safety but it is required in our Bitcoin investment.

@ejikeme24, I get your view that some people earn very little but still want to invest in Bitcoin, well if you ask me I will say it’s still safer to first build a small emergency fund, even if it’s just for one or two months of expenses, so that you won’t be forced to sell your Bitcoin during a market dip when unexpected situations happen. Investing should never come at the cost of your basic stability.

It’s said that all what is needed to start up your bitcoin investment is just a discretionary income, and in this sense, your discretionary income can still fetch you your emergency funds. If someone is able to figure out a discretionary income to invest in bitcoin, then the person should be wise enough not to use all the money to invest in bitcoin, a portion of such discretionary income can be kept aside as emergency funds while the other portion can go into accumulating bitcoin. What I’m trying to say in essence is that, your level of income determines how big or small your discretionary income will be, and if you’re a low income earner then you invest according to your income, you must not invest with a huge amount, your discretionary income no matter how small it is can be used to accumulate bitcoin. Building an emergency funds isn’t just a day work, you try to build it gradually because it may likely take some time to build an emergency funds of over 3-4 months of your expenses. You must not wait to first build up the emergency funds before you start accumulating bitcoin, instead it’s more safer that as you’re building the emergency funds, you’re also accumulating bitcoin along side it and hold. Or you accumulate bitcoin the moment you have the discretionary income and as time goes on you build up your emergency funds while accumulating bitcoin.

[Grace333]

Emergency funds is not for Bitcoin  or any high risk investment, its our financial safety net.

I get your point correctly, emergency funds is not mainly for Bitcoin but to help us in solving financial issues or unexpected situations that may arise in the future. The truth is emergency funds play a very big role because those financial issues or unexpected situations we are using our emergency funds to solve would have required selling our Bitcoin holdings to sort ourselves out if not for the help of the emergency funds because it's like a backup funds, so we can't say that emergency funds is not for Bitcoin even though it is mainly used for financial safety but it is required in our Bitcoin investment.

An emergency fund is very important in Bitcoin investment, but I think it's not everyone who can afford to have an emergency fund in Bitcoin. Some people are low earners, but they have a strong interest in investing in Bitcoin, and they try their best to invest a small portion of what they earn. The interest in investing in Bitcoin comes from their understanding of the potential profits they can gain. Since there isn't enough money to generate an emergency fund, they can't just relax and not invest in Bitcoin. For those who have the funds to invest in Bitcoin and to build an emergency fund, it is a good plan for Bitcoin investment. However, for those who are earning very little but have a strong interest in investing in Bitcoin, they can still go ahead with their investments; not having an emergency fund shouldn't be a reason for not buying some Bitcoin.

Yeah bro, I get your point. Not everyone income level makes it easy to set aside an emergency fund before investing, especially in places where the cost of living alone is crazy, and eat so much into what they earn..
But at the same time, I think having even a small backup fund still matters a lot,  it is not about the size, but the safety net it provides..

[Jostern]

Investing in Bitcoin is not a waste of time, the value of Bitcoin is increased with things. Those who invested in Bitcoin 10 years ago, today they believe in good images, think and believe in good results by investing in Bitcoin. And you have to prepare yourself psychologically, "Can I really wait 10 years?"
This thinking is a characteristic of a person.

Surely, a person getting into Bitcoin investment must get prepared psychologically and mentally. Even after creating your discretionary income, it must meet with your readiness squarely, else such an investor might screw up things if he can't bear the long term wait.

Offcours, we need to get ready in whatever we want to do before getting actively involved. And the bitcoin investment stuff is not just a thing of a week, few months or a year or so. You would have to Hodl for long, very long if you want to maximise good profit. And this ability needs that mental and psychological preparedness to stand the taste of time.

Folks who come into Bitcoin investment without getting prepared all in ramifications might end up screwing up there investments, especially if they came into the investment with the wrong mindset of timing Bitcoin price as to when they would take there gains, not knowing that the high volatility of Bitcoin does not guarantee any quick gains at anytime.
Investors must get ready, not just financially, but also mentally, psychologically and otherwise so they can stand the taste of time while consistently buying and Hodling there assets

Investing in Bitcoin sometimes doesn’t seem as much preparation, because you can’t be prepared enough, which is why if you have a discretionary funds available it’s just better to get started, because your mental psychology wouldn’t be enough to invest in Bitcoin, when you start investing in Bitcoin, you will definitely evolve as time goes on with your investments, which is why you don’t start emergency, reserved funds immediately.

However when I started investing into Bitcoin, I wasn’t aware of mental and psychological preparation because I wasn’t aware of this factors which wasn’t necessary, but I have to learn most importantly the basic and simple details things required to invest in bitcoin, I was able to figure my discretionary income available which was $60, I have to split that money $200 multiply with 4 weeks which is a month my accumulating $50 every week, I was able to evolve with my cashflow and income and also tried to create other source of multiple sources of income to be able to demonstrate that eligibility of accumulating more bitcoin.

[kasablings]

There are different kind of persons and different motive and choice in term of crypto.there are people who are here in this business to buy and sell.i no some persons who buy and sell in a short while just make a little profit ontop there capital and they are ok.they operate like that consistently not just only them buying Bitcoin but other coins too that appreciate gradually.why there are some that prefer buying and keeping to sell later but keeping for a long time.

[Zackz5000]

There are different kind of persons and different motive and choice in term of crypto.there are people who are here in this business to buy and sell.i no some persons who buy and sell in a short while just make a little profit ontop there capital and they are ok.they operate like that consistently not just only them buying Bitcoin but other coins too that appreciate gradually.why there are some that prefer buying and keeping to sell later but keeping for a long time.

So which part do you fall in the one who buy and sell? Bitcoin is a long term investment, those who are buying and selling are gamblers they will only tell you how they made profit but will never tell how much they have lost while trading for short term profit. Investing for a long term comes with big reward though nothing is guaranteed.

It could also be that you are new here i believe that was why you made mention of the vague term crypto when there are untrusted and some kind of pump and dump coin that have ruined people life, Bitcoin is the only coin that appreciate in value over time, and again don't get other newbies mislead into investing on shitcoins. So to get the difference you can either say Bitcoin or shitcoins and never crypto.

[As-Soon-As]

There are different kind of persons and different motive and choice in term of crypto.there are people who are here in this business to buy and sell.i no some persons who buy and sell in a short while just make a little profit ontop there capital and they are ok.they operate like that consistently not just only them buying Bitcoin but other coins too that appreciate gradually.why there are some that prefer buying and keeping to sell later but keeping for a long time.

Those who hold Bitcoin by following the Bitcoin DCA method are basically buying Bitcoin to hold it for a long time. If some of these people prefer different types of coins, we cannot call them long-term Bitcoin holders, they are a trader, so we will never mislead new investors by mentioning such things.
If new investors get confused, then they will face danger with their holding later, we do not want to put new holders who invest in Bitcoin in any way.

Currently, if you hold Bitcoin according to the DCA method, then it will be the best holding, Bitcoin holders who are basically holding for a long time. So they are holding Bitcoin according to the DCA method to save more money and they are holding Bitcoin. The only long-term investment is consistent with Bitcoin, because the risk is much lower if you hold Bitcoin for a long time.

[Merit.s]

There are different kind of persons and different motive and choice in term of crypto.there are people who are here in this business to buy and sell.i no some persons who buy and sell in a short while just make a little profit ontop there capital and they are ok.they operate like that consistently not just only them buying Bitcoin but other coins too that appreciate gradually.why there are some that prefer buying and keeping to sell later but keeping for a long time.

When you are a trader and a shitcoiner, you are automatically a gambler and not an investor. You will end up in double losses. A new investor shouldn't think of quick profit by trading his bitcoin rather, they should build and grow their bitcoin portfolio overtime through DCA for 4-10 years and above because bitcoin investment is for the future.

Your bitcoin target should be your priority and not profit making so that you can be more focused and committed to keep your bitcoin accumulation ongoing with persistent and consistent. Traders are losers in the long run and it's a wrong path for anyone who is planning to pile up wealth for his future to follow.

[SilverCryptoBullet]

Those who hold Bitcoin by following the Bitcoin DCA method are basically buying Bitcoin to hold it for a long time. If some of these people prefer different types of coins, we cannot call them long-term Bitcoin holders, they are a trader, so we will never mislead new investors by mentioning such things.
If new investors get confused, then they will face danger with their holding later, we do not want to put new holders who invest in Bitcoin in any way.

It is not always like this.

People are different, from newbies to experienced people in the market, and only experienced people can be able to hold their bitcoins a long time. With newbies, even they decided to apply DCA strategy, and actually bought and accumulated bitcoins, there is risk of uncontrolled emotion and psychology under fuds, positive news, and market corrections, which trigger their panic actions and sales with loss.

Newbies are good by learning about DCA strategy and apply it for their invesment but most of them need time and experience to practice DCA well and get profit for their investment.

[sportbitcoin]

There are different kind of persons and different motive and choice in term of crypto.there are people who are here in this business to buy and sell.i no some persons who buy and sell in a short while just make a little profit ontop there capital and they are ok.they operate like that consistently not just only them buying Bitcoin but other coins too that appreciate gradually.why there are some that prefer buying and keeping to sell later but keeping for a long time.

When you are a trader and a shitcoiner, you are automatically a gambler and not an investor. You will end up in double losses. A new investor shouldn't think of quick profit by trading his bitcoin rather, they should build and grow their bitcoin portfolio overtime through DCA for 4-10 years and above because bitcoin investment is for the future.

Your bitcoin target should be your priority and not profit making so that you can be more focused and committed to keep your bitcoin accumulation ongoing with persistent and consistent. Traders are losers in the long run and it's a wrong path for anyone who is planning to pile up wealth for his future to follow.

You're absolutely right. Cryptocurrency trading and seeking shitcoins is gambling rather than investing as it frequently results into a loss of two folds. Trading Bitcoin is not a fast way of making money among new investors. Rather, it is appropriate to pay attention to long-term accumulation using DCA within 4-10 years or more.

Short-term profits are not your priority, as you need to expand your portfolio with Bitcoin. Removing your accumulation regular and continuous will ensure that you remain loyal to your long term financial objectives. Traders can find it enticing to engage in quick trading, but in the end trader might not win much whereas patient traders develop actual wealth. The most important thing about investing in bitcoins is the future and not the short term gains and being disciplined is the key to success.

[Bazzu]

There people that do feel that they can speculate the market correctly without them knowing that, know matter how technically inclined they may be it won't be possible to speculate the market correctly. This idea of thinking that they can predict the market, makes investors to think that the market is heading towards a desire dip. This will makes then to begin to time and wait for the desired dips since they feel it is possible to predict the market correctly. This will leads to missing of market opportunities. It is not good to wait for the dip but we can buy the dips.

There's a strategy used to buy more during a decline, called Average Down. This is usually quite effective in bear markets or when the market is trending downwards. However, for those who don't have the time to analyze the market but still want to accumulate Bitcoin for long-term holding, using DCA remains the most convenient method. Although the price of $100,000 seems very high, I believe that in 10 years, many people will regret not buying Bitcoin when the price was $100,000.

Just like people regretted not buying Bitcoin when it was below $1,000 and also when it was $63,000 last season. 

[Xcode7]

Those who hold Bitcoin by following the Bitcoin DCA method are basically buying Bitcoin to hold it for a long time. If some of these people prefer different types of coins, we cannot call them long-term Bitcoin holders, they are a trader, so we will never mislead new investors by mentioning such things.
If new investors get confused, then they will face danger with their holding later, we do not want to put new holders who invest in Bitcoin in any way.

It is not always like this.

People are different, from newbies to experienced people in the market, and only experienced people can be able to hold their bitcoins a long time. With newbies, even they decided to apply DCA strategy, and actually bought and accumulated bitcoins, there is risk of uncontrolled emotion and psychology under fuds, positive news, and market corrections, which trigger their panic actions and sales with loss.

Newbies are good by learning about DCA strategy and apply it for their invesment but most of them need time and experience to practice DCA well and get profit for their investment.

Panic is always present and felt by Bitcoin holders but I don't think it's excessive, For example those who have been accumulating Bitcoin using the DCA method for a long time have already made significant profits, so even when a deep price correction like the one we're experiencing now occurs, they still feel their investment is still profitable, considering their initial capital.

This all depends on planning from the start, Beginner investors certainly understand the risks involved and if someone has planned their investment from the start, they won't cancel it simply because of panic or other factors.

[JayJuanGee]

Emergency funds is not for Bitcoin  or any high risk investment, its our financial safety net.

I get your point correctly, emergency funds is not mainly for Bitcoin but to help us in solving financial issues or unexpected situations that may arise in the future. The truth is emergency funds play a very big role because those financial issues or unexpected situations we are using our emergency funds to solve would have required selling our Bitcoin holdings to sort ourselves out if not for the help of the emergency funds because it's like a backup funds, so we can't say that emergency funds is not for Bitcoin even though it is mainly used for financial safety but it is required in our Bitcoin investment.

An emergency fund is very important in Bitcoin investment, but I think it's not everyone who can afford to have an emergency fund in Bitcoin. Some people are low earners, but they have a strong interest in investing in Bitcoin, and they try their best to invest a small portion of what they earn. The interest in investing in Bitcoin comes from their understanding of the potential profits they can gain. Since there isn't enough money to generate an emergency fund, they can't just relax and not invest in Bitcoin. For those who have the funds to invest in Bitcoin and to build an emergency fund, it is a good plan for Bitcoin investment. However, for those who are earning very little but have a strong interest in investing in Bitcoin, they can still go ahead with their investments; not having an emergency fund shouldn't be a reason for not buying some Bitcoin.

Yeah bro, I get your point. Not everyone income level makes it easy to set aside an emergency fund before investing, especially in places where the cost of living alone is crazy, and eat so much into what they earn..
But at the same time, I think having even a small backup fund still matters a lot,  it is not about the size, but the safety net it provides..

Part of the reason that a person does not need much of an emergency fund (back up funds) when he is just getting started investing into bitcoin is because his bitcoin investment is not very large, so he is not protecting very much... yet each person should be attempting to figure out what they are achieving by having back up funds.. and how severe the damage could potentially be if there are shortages in income and/or increases in expenses, then back up funds are needed without touching the bitcoin that continues to grow or just get put on hold during those periods that cash is short.

. any folks might not consider if they are putting their bitcoin at risk and maybe they are even more sloppy if their bitcoin happens to be in profits, yet these people who are engaging in sloppy cashflow management practices, they may never make progress and they end up ongoingly tapping into their bitcoin at a time that is not of their choosing..  If they are disciplined then they are keeping their bitcoin separate and they are maintaining their abilities to cover their expenses from their income and if there are periods of mistakes they have way more than enough cash to take care of any shortfalls without having to touch or even think about touching their bitcoin.

Without practice and reinforcement, newbie bitcoiners might not even recognize and appreciate that it is not good to tap into their bitcoin even when the bitcoin is profitable.

Frequently poor people stay poor because they lose their focus and they cannot appreciate the value in not tapping into their bitcoin.  They might not be able to resist profits, and they fail to make sure that there is always a large enough gap between the cash that they have available and their bitcoin so they are not tempted to tap into their bitcoin. 

So, for example, if they have some error in their income versus their expenses, then they have more than enough cash to draw from rather than using their bitcoin as their emergency fund.. and surely the larger the bitcoin grows, then the more likely that more and more cash will be needed to be kept on hand to take care of shortfalls in cash and to negate temptations of dipping into the bitcoin funds at a time that is prior to longer term goals being reached.. such as 10 years or more down the road when the bitcoin has had time to both built upon but also has had time to potentially compound in value upon itself over many years of discipline in not tapping into it...

Many times, the earliest years of investing in bitcoin are the most difficult to build good cashflow management (and back up funds management) habits and to learn how to not get tempted in terms of tapping into your bitcoin holdings.

Just think about guys who bought bitcoin between 2015 and 2017, they may have bought some bitcoin in the $200 range, and other bitcoin in the $500 range and other bitcoin between $1k and $2k.. and sure they maybe even have had some higher price bitcoin that they ended up buying during that time, and if they ended up selling some of those bitcoin at various points along the way, they may well end up regretting their early sales today, since they cannot go back in time and get those bitcoin for those lower prices ever again.

If they did not have enough bitcoin right now because they were selling bitcoin during times that they should have had been building up their bitcoin stash,  then they might have regrets since if they had been disciplined, then they would have had enough bitcoin right now when bitcoin prices are now around $100k..

So then right now those guys who stayed focused on accumulating bitcoin  are feeling like they have more options right now based on their having had stayed disciplined and focused through the last 10-ish years, which truly involved both building their bitcoin stash and keeping various cashflow management systems in place which included back up funds so that they did not end up tapping into their bitcoin too soon.

There are different kind of persons and different motive and choice in term of crypto.there are people who are here in this business to buy and sell.i no some persons who buy and sell in a short while just make a little profit ontop there capital and they are ok.they operate like that consistently not just only them buying Bitcoin but other coins too that appreciate gradually.why there are some that prefer buying and keeping to sell later but keeping for a long time.

Bitcoin is the only coin worth investing into.

It is not good to trade bitcoin or to get involved in shitcoins, yet sure of course, you can do whatever you like, even dumb things and then tell yourself that you are just doing what other guys are doing.. .when in the meantime, you are losing out on focusing on accumulating bitcoin and 4-10 years down the road you end up realizing that you fucked up when you could have had been accumulating bitcoin you were fucking around with shitcoins and/or trading and not making any progress in building up anything of value.. .and you won't be able to go back in time, either.

There are a lot of guys who knew about bitcoin 4-10 years ago or longer and they stilll are fuckign around with shitcoins and/or trading, so sometimes it can take a while to develop good habits and to figure out how to focus on what is valuable rather than trying to get rich quick, but getting nowhere with such a gambling/trading approach to matters.

[ZeroVinsonN]

]
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.

The way you think about investing is how investors should actually think about their investments. You are thinking about the safety of your investment at the same time, that is why you said to create an emergency fund along with investing. Maybe investors in new situations do not understand the importance of their emergency fund, but it is very important. An emergency fund will not only make your investment consistent but also make your investment safe and create a different level of confidence in you. Having an emergency fund will make you feel that no matter what financial danger you face, you can get rid of that danger by using the emergency fund, another advantage of an emergency fund is that you will not need to sell your investment at that time if you need money. There is always volatility in the Bitcoin market (although if you invest for a long time, there is a possibility of getting a good amount of profit from it), so it is our responsibility to ensure the safety of our investment and hold it for a long time.

I think such comments should be read by those people who do not think that an emergency fund is necessary.

Emergency funds are essential for anyone who actually wants to eliminate as much risk as possible in the bitcoin accumulation journey because an emergency fund will offer security from unexpected circumstances that might hinder your investment or even push you to sell too early, most times people misunderstand the value of emergency funds and fail to prepare for emergency which ends up trashing their investments later on, there is no guarantee that something will come up along the way to disturb you bitcoin accumulation but there is also no guarantee that nothing will come up, so to be on the safer side the best thing to do is to have an emergency fund ready as soon as possible, if you don't have one yet then it's best for you as an investor to start saving up for one now else when the regrets start hitting if they start hitting you will have no one to blame for them but yourself.

[Yablee0]

]
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.

The way you think about investing is how investors should actually think about their investments. You are thinking about the safety of your investment at the same time, that is why you said to create an emergency fund along with investing. Maybe investors in new situations do not understand the importance of their emergency fund, but it is very important. An emergency fund will not only make your investment consistent but also make your investment safe and create a different level of confidence in you. Having an emergency fund will make you feel that no matter what financial danger you face, you can get rid of that danger by using the emergency fund, another advantage of an emergency fund is that you will not need to sell your investment at that time if you need money. There is always volatility in the Bitcoin market (although if you invest for a long time, there is a possibility of getting a good amount of profit from it), so it is our responsibility to ensure the safety of our investment and hold it for a long time.

I think such comments should be read by those people who do not think that an emergency fund is necessary.

Emergency funds are essential for anyone who actually wants to eliminate as much risk as possible in the bitcoin accumulation journey because an emergency fund will offer security from unexpected circumstances that might hinder your investment or even push you to sell too early, most times people misunderstand the value of emergency funds and fail to prepare for emergency which ends up trashing their investments later on, there is no guarantee that something will come up along the way to disturb you bitcoin accumulation but there is also no guarantee that nothing will come up, so to be on the safer side the best thing to do is to have an emergency fund ready as soon as possible, if you don't have one yet then it's best for you as an investor to start saving up for one now else when the regrets start hitting if they start hitting you will have no one to blame for them but yourself.

Emergency funds in every investment should be a must because that is the only ground that got us covered from every unforeseen circumstances that might later pup up in the future. furthermore, sighting a concrete foundation that can ensure a successful and a profitable bitcoin investment journey.

One thing I have come to realize in this whole bitcoin investment stuff is that it is better to always look out for the future in your investment journey then just the present because what the future holds as challenge is way greater than the present, if we can be able to defeat the future challenges through our emergency funds then we can proudly say we are almost at the edge of our success story.

[Cossyblack]

There are different kind of persons and different motive and choice in term of crypto.there are people who are here in this business to buy and sell.i no some persons who buy and sell in a short while just make a little profit ontop there capital and they are ok.they operate like that consistently not just only them buying Bitcoin but other coins too that appreciate gradually.why there are some that prefer buying and keeping to sell later but keeping for a long time.

Those who hold Bitcoin by following the Bitcoin DCA method are basically buying Bitcoin to hold it for a long time. If some of these people prefer different types of coins, we cannot call them long-term Bitcoin holders, they are a trader, so we will never mislead new investors by mentioning such things.
If new investors get confused, then they will face danger with their holding later, we do not want to put new holders who invest in Bitcoin in any way.

Currently, if you hold Bitcoin according to the DCA method, then it will be the best holding, Bitcoin holders who are basically holding for a long time. So they are holding Bitcoin according to the DCA method to save more money and they are holding Bitcoin. The only long-term investment is consistent with Bitcoin, because the risk is much lower if you hold Bitcoin for a long time.

DCA is a long term Bitcoin accumulation strategy,therefore any investor that is accumulating Bitcoin through DCA is investing for the long term. Basically, Buying and selling of Bitcoin by traders is never a good investment strategy in Bitcoin. However, there is nothing like short term investment plan in Bitcoin, there are no shortcuts in Bitcoin,if you're not Hodling Bitcoin for the long term,then you're not investing at all. Trading is absolutely not an investment,you re simply gambling with your Bitcoin stash for quick profits,any wrong moves would result to losing your Bitcoin stash. How then is that profitable when you lose more what you gain, absolutely not.

[alankasman]

There are different kind of persons and different motive and choice in term of crypto.there are people who are here in this business to buy and sell.i no some persons who buy and sell in a short while just make a little profit ontop there capital and they are ok.they operate like that consistently not just only them buying Bitcoin but other coins too that appreciate gradually.why there are some that prefer buying and keeping to sell later but keeping for a long time.

Different people have different understandings of how to store or buy, but as a whole, we prefer to buy and hold for the long term. Why is that? Because we don't know from the initial capital to the level of greater profits, so not everyone knows how to be consistent with crypto.
And even then, we need to be more careful with each person's concept, with the goal of buying and holding gradually for long-term sale.
However, there are also many people who want a quick fix, when after buying, there's an immediate download, and such people truly lack patience when it comes to buying and holding crypto

[Obulis]

New investors think that they need to know about Bitcoin in depth first, but the real priority should be to understand their personal finances, such as: determining cash flow, backup funds, and the size of the initial investment position.

I don't think that newbies need to first create a back up funds or understand back up funds and how it works before starting there investment journey, No. Backup funds such as emergency funds, reserve and/or float can be built alongside the investment process. All what the newbies need as to starting up there investment journey is the knowledge that the price of Bitcoin may go up/down, and that if such newbie have his discretionary income, then he is good to go.
According to JayJuanGee, other things can be learnt subsequently as he is investing and accumulating Bitcoin.

The idea to understand or create a back up funds clearly and/or know how it works plus perfectly control or determine his cash flow first before starting the investment shouldn't be a prerequisite to starting if you ask me. If a newbie have been able to settle basic needs and then get his discretionary income, then he can begin investment using the DCA strategy, having in mind that bitcoin fluctautes,

Backup funds are sometimes discretionary, you decide for it most likely than emergency do. The best way to learn about Bitcoin has been learning as you go instead of waiting forever trying to learn what will definitely unravel on the go. Get the basics learning (like volatility, wallet processes.....) and then on with accumulation. DCA is a healthy strategy to apply.