Buy Buy Buy or Sell Sell Sell?

[Ricardo11]

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.

If you expect something good from Bitcoin, you must maintain a long-term mindset, those who expect success from short-term Bitcoin will never be successful, it is not easy in any way.
Having a short-term mindset is the biggest mistake, and especially in the case of Bitcoin, you should only have the mindset of holding Bitcoin for at least the next 4 years through DCA.
Those who decide to operate DCA continuously for a long-term period of 10 to 12 years and can hold it uninterrupted, will have the highest chances of success.
They can achieve a lot of good from it, because the long-term future of Bitcoin is likely to be very bright, so if you decide to maintain long-term investment instead short-term optimism, then the amount of success can be very large.

[Ruttoshi]

Backup funds are sometimes discretionary, you decide for it most likely than emergency do.

Don't get it twisted, you cannot use your backup funds as your discretionary income because they have their own purpose.

Your backup funds which are emergency funds and reserve funds are built from your your discretionary income so that you can be more flexible to keep your bitcoin accumulating ongoing for 4-10 years and above. You cannot touch your emergency funds, only when you have a real life emergency to take care of, making it not flexible like your discretionary income that you can choose whatever, you want to do with it.

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.

Of course, any new investor that wants to learn everything about bitcoin before investing has already limited the quantity of bitcoin that he is suppose accumulate for his future, because you cannot know everything about bitcoin since the devs keep working on improving the network security and decentralized nature of bitcoin.

[Obulis]

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.

Which part are you @kasablings? A gambler or an investor?
Gamblers will find it all joy to talk about their winnings not their losses. The difference between gambling and investing in Bitcoin is very clear, buying Bitcoin to sell when price goes up (gambling) and buying Bitcoin to hodl for a long period (investing).

Gamblers tries to create more opportunities to gain using shitcoins and thereby risk their resources. Getting an advice from a gambler can ruin your resources as that may take you closer to shitcoins.
The target here is not that little profit ontop since it can bring closeness with shitcoins. The target is to invest.

[noormcs5]

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.

Which part are you @kasablings? A gambler or an investor?
Gamblers will find it all joy to talk about their winnings not their losses. The difference between gambling and investing in Bitcoin is very clear, buying Bitcoin to sell when price goes up (gambling) and buying Bitcoin to hodl for a long period (investing).

Gamblers tries to create more opportunities to gain using shitcoins and thereby risk their resources. Getting an advice from a gambler can ruin your resources as that may take you closer to shitcoins.
The target here is not that little profit ontop since it can bring closeness with shitcoins. The target is to invest.

I wouldn't agree that if anyone is buying Bitcoin for short term to get profit in short term is anything linked to gambling ? This is not gambling at all but in fact that there are three types of traders that includes the short term traders, the midterm trade and the long term holders.

Also one thing that I also want to tell that there are short term traders and scalpers who analyse the markets, trading charts and then take the trades, the setup are very much calculated and with proper stop loss and it is a proper mechanism and nothing related to gambling or luck.

[Cgrexp]

If you expect something good from Bitcoin, you must maintain a long-term mindset, those who expect success from short-term Bitcoin will never be successful, it is not easy in any way.
Having a short-term mindset is the biggest mistake, and especially in the case of Bitcoin, you should only have the mindset of holding Bitcoin for at least the next 4 years through DCA.
Those who decide to operate DCA continuously for a long-term period of 10 to 12 years and can hold it uninterrupted, will have the highest chances of success.
They can achieve a lot of good from it, because the long-term future of Bitcoin is likely to be very bright, so if you decide to maintain long-term investment instead short-term optimism, then the amount of success can be very large.

You are right, when someone thinks about investing for the long term, they must learn to keep their mindset steady. Because if they cannot manage their mindset, it is not possible to continue investing for the long term. There are many who think for the long term but stop because they are afraid of price fluctuations. On the other hand, there are many who want to withdraw their profits from their investments when the prices increase. However, I think that the decision to maintain investment in the long term without keeping short-term hopes will be more fruitful. However, mentality is not the only thing that matters in investing. Along with mentality, financial management, cash flow, backup funds and emergency funds should be given top priority to maintain long-term investment. In addition, knowledge and skills about Bitcoin are also needed. When someone enters investment with a strong mindset and proper management, he is successful in maintaining long-term investment.

[Dreadboost]

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.

Eventually not having fully funded emergency funds should not be a reason to avoid buying some Bitcoin if your fully aware that the money used is discretionary funds, And not your main money.
Even small emergency funds when accumulated will go a long way in times of emergency, as long as it is a little bit significant it will be worth it in a long run.
DCA strategy has made it even easier for average individuals, investing small fixed amount each pay day will help build a good position over time, even as you keep aside little for your emergency funds as well,
you can start little after sometime you get more balance and increase the both. BUT not having fully emergency funds is not a definitive barrier to make small regular investments with the use of DCA.

[taibodi]

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.

I am not making any decisions, I am just expressing my opinion. I do not think much about any type of fund most of the time. I am not saying that funds are not needed, there is definitely a need for funds. I think that an investor who is interested in investing in Bitcoin must have some source of income. That means he is getting regular income every week or every month. If he is getting regular income, then I think it is wise to focus on investing in Bitcoin without worrying too much. And if you want to learn about Bitcoin or know about Bitcoin investment, you can gain experience related to the market through Bitcoin investment. Yes, I agree with you, learning as you go. If you wait to gain experience without investing, the possibility of this experience manifesting is uncertain. If someone has money lying around, it is very important to keep a backup fund in emergency fund collection before investing. I believe that the DCA strategy is the best way to buy.

[Mehmet69]

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.

Yes, you are right. There is no shortcut in investing in Bitcoin. Most of the newbies start trading using their savings without understanding the investment. As a result, they lose money again and again. Newbies invest in their short term without understanding. As soon as they see a small profit, they withdraw their money. After that, they reinvest their capital. But later when the market falls, they get scared and sell before the market recovers and face losses. Therefore, we all need to invest according to our ability and not gamble with our investment money.

[Showlove01]

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.

Which part are you @kasablings? A gambler or an investor?
Gamblers will find it all joy to talk about their winnings not their losses. The difference between gambling and investing in Bitcoin is very clear, buying Bitcoin to sell when price goes up (gambling) and buying Bitcoin to hodl for a long period (investing).

Gamblers tries to create more opportunities to gain using shitcoins and thereby risk their resources. Getting an advice from a gambler can ruin your resources as that may take you closer to shitcoins.
The target here is not that little profit ontop since it can bring closeness with shitcoins. The target is to invest.

I wouldn't agree that if anyone is buying Bitcoin for short term to get profit in short term is anything linked to gambling ? This is not gambling at all but in fact that there are three types of traders that includes the short term traders, the midterm trade and the long term holders.

Also one thing that I also want to tell that there are short term traders and scalpers who analyse the markets, trading charts and then take the trades, the setup are very much calculated and with proper stop loss and it is a proper mechanism and nothing related to gambling or luck.

Seems you don't understand what is gambling because gambling is same thing as trading and whether short term, midterm.or long term they are all trading and there is no difference and going about Bitcoin with this approach is not going to yield good result that is why we are advise to accumulate and hold Bitcoin for long term because in the long term, due to the potential of Bitcoin there is possibility that it will grow I mean skyrocket but this doesn't mean we should sell unless we have gotten to overaccumulation stage because that is the only period we should touch our investment.

[ASloveapg]

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.

I agree with you, you can start investing in Bitcoin by learning the basics about Bitcoin, you don't need to know everything about Bitcoin to start investing in Bitcoin. Because if you first want to know Bitcoin in depth, then it may be a waste of your time, or it may be late to start investing, that's why you can start investing in Bitcoin by gaining only the basic idea about Bitcoin, and by starting investing in Bitcoin, you can get to know Bitcoin more deeply with real experience, then it can be more effective.

[Lembo69]

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.

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.

Backup fund is so effective that it protects you from sudden danger. Helps you manage your investment risk-free. And backup fund is financial security insurance. None of us know when danger comes in our lives, from sudden job loss to various other dangers can come in our lives, so backup fund is needed even if it is just to increase our human patience, the importance of backup fund in investment is immense.

If an investor wants to make his investment well, then he must form a backup fund, it is not that he will only need a backup fund when investing, backup fund is of great importance to achieve success in every task of life and to make investment sustainable, and if there is a backup fund before investment, the investment discipline is complete.

[I_Anime]

Backup fund is so effective that it protects you from sudden danger. Helps you manage your investment risk-free. And backup fund is financial security insurance. None of us know when danger comes in our lives, from sudden job loss to various other dangers can come in our lives, so backup fund is needed even if it is just to increase our human patience, the importance of backup fund in investment is immense

Of course back up funds is effective, cause it act as an extra layer of financial security beyond your emergency funds. Is used for a longterm or less urgent situations and for investment also . For instance some loss their job emergency funds can sustain for some time , but when one run out of emergency funds that’s where your back up funds comes in , to coverup those expenses till you recover from that particular situation you found yourself.

[Agbamoni]

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.

I agree with you here. Rome was not built in a day, so i dont expect anyone to learn everything about Bitcoin investment before starting their investment. It is like a journey, and every step matters. The good thing about Bitcoin is that, you dont need to know the technical part of it before buying some fraction. And the mistake people make is thinking they need to buy a whole of it, when they can buy just a fraction until they meet the target or amount they always had in mind.

[Silikiem]

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.

Which part are you @kasablings? A gambler or an investor?
Gamblers will find it all joy to talk about their winnings not their losses. The difference between gambling and investing in Bitcoin is very clear, buying Bitcoin to sell when price goes up (gambling) and buying Bitcoin to hodl for a long period (investing).

Gamblers tries to create more opportunities to gain using shitcoins and thereby risk their resources. Getting an advice from a gambler can ruin your resources as that may take you closer to shitcoins.
The target here is not that little profit ontop since it can bring closeness with shitcoins. The target is to invest.

I wouldn't agree that if anyone is buying Bitcoin for short term to get profit in short term is anything linked to gambling ? This is not gambling at all but in fact that there are three types of traders that includes the short term traders, the midterm trade and the long term holders.

Also one thing that I also want to tell that there are short term traders and scalpers who analyse the markets, trading charts and then take the trades, the setup are very much calculated and with proper stop loss and it is a proper mechanism and nothing related to gambling or luck.

They are gambling with their investment trading for the short term because of a quick profit making opportunity to sell whenever the price is high in the sense that if they should buy bitcoin now and sell when the price is high, what will be their fate if when next they decide to buy bitcoin again, it means that they’re likely going buy at a higher prices even more higher when compared to when they even sold for quick profit due to the high volatility of bitcoin, except you want to wait again until the price of bitcoin is low before you accumulate bitcoin at a lower price and such mindset is wrong for a true bitcoin investor. By the way I think you are a trader with the way you’re sounding regarding this. A true bitcoin investor will never want to wait to accumulate bitcoin at a lower price so that he can sell quickly when the price is high for a short quick profit.

[Joy- maker]

I wouldn't agree that if anyone is buying Bitcoin for short term to get profit in short term is anything linked to gambling ? This is not gambling at all but in fact that there are three types of traders that includes the short term traders, the midterm trade and the long term holders.

Also one thing that I also want to tell that there are short term traders and scalpers who analyse the markets, trading charts and then take the trades, the setup are very much calculated and with proper stop loss and it is a proper mechanism and nothing related to gambling or luck.

Don't get yourself deceived young man/lady, provided you are investing in bitcoin for short term and not long term, my dear you are gambling, so IMO I will suggest you change your thinking faculty and start seeing Bitcoin as a long term investment, start investing in bitcoin for long term, just be committed and consistent in accumulating bitcoin with your leftover money using the DCA method until you reach your accumulating target and then hold for long term, instead of gambling with bitcoin on short term profits. And secondly I will also advise you set outside this your trading mentality and focus on the ongoing buying process of bitcoin, because trading is very risk and it can affect your mental health, so In other to safe your mental health from getting affect just buy bitcoin and hold for long term for that is the best way to approach, and also the best way to safe your mental health.

[ejikeme24]

Backup funds are sometimes discretionary, you decide for it most likely than emergency do.

Don't get it twisted, you cannot use your backup funds as your discretionary income because they have their own purpose.

I see nothing wrong if guys decide to use their emergency funds in place of backup funds or their backup funds in place of emergency funds as most guys may not have all it takes to build the both funds at a time, so therefore it is better to make either of this funds available rather than having non.

@ Obulis might be saying this due to the level of his income and surely if his level of income is not enough to create this two funds at a time it's either he concentrate on setting up any among the both funds, having what will prevent use from not tempering our investment is what everyone is after.

[Qhunman]

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.

Stop making it looks as if your Back funds isn't gotten from your discretional income, except you intentionally created your backup funds from your main income. I think it is very wrong of you to build your Backup funds with your main income. Don't you know it is very wrong to used income meant for your Basic needs to create a backup funds. Your Basic needs is a top priority, and must come first before anything else. The right income that should be used to create your backup funds is your Discretional income. It is that income that is remaining after you have finish paying for your Basic needs, that Extra cash that remains is your Discretional income.

[Padi24]

I wouldn't agree that if anyone is buying Bitcoin for short term to get profit in short term is anything linked to gambling ? This is not gambling at all but in fact that there are three types of traders that includes the short term traders, the midterm trade and the long term holders.

let me put it this Way, engaging yourself into short term investment does not make you an investor but you're obviously a trader. I feel that the reason why folks who invest for short term profit is more likely to be considered as gambling is due to the high level of risk that is involved in short term investment, if you are deep into short term investment you hardly escape the dip because there is a lot of pressure that you will be facing during that stage that May likely push you into selling your Bitcoin at a bigger Lost so to avoid this emotional trauma you only need to focus on the long term goal, as a newbie it is going to be a bad thing if your first entry is just to incur loss.

[Barikui1]

Backup fund is so effective that it protects you from sudden danger.

Yea, it's true that back up funds is very important for a healthy investment in Bitcoin, but I don't understand the type of danger you are talking about, but if you are talking about emergency situation that is threatening your investment, then emergency funds is what you should be talking off, not a backup funds, even though it plays a very important role in your investment journey.

And backup fund is financial security insurance.

Yes, you are right to an extent, but for the security of your Bitcoin investment , you need to have emergency and back up funds in place, not just one of them.

[ZeroVinsonN]

Backup fund is so effective that it protects you from sudden danger.

Yea, it's true that back up funds is very important for a healthy investment in Bitcoin, but I don't understand the type of danger you are talking about, but if you are talking about emergency situation that is threatening your investment, then emergency funds is what you should be talking off, not a backup funds, even though it plays a very important role in your investment journey.

And backup fund is financial security insurance.

Yes, you are right to an extent, but for the security of your Bitcoin investment , you need to have emergency and back up funds in place, not just one of them.

Backup fund is more of a generalized term that includes other funds such as emergency fund, reserved and others so you shouldn't be trying to separate them out to look like very different forms of fund, it's true that @Lembo69 should have been more specific on which backup fund he meant rather than use the general term but he still wasn't entirely wrong with what he said, so when we have an emergency fund ready it means we already have a form or backup fund ready but we can claim to have backup fund without necessarily have an emergency fund ready.