Buy Buy Buy or Sell Sell Sell?

[red4slash]

Your advice is absolutely spot-on, as I still see many people acting rashly to become investors without understanding how to properly allocate and allocate their money. I have another analogy for this kind of thing that might be easier for people who want to become investors by holding Bitcoin long-term. For example, someone who has the money to buy a car, but after buying the car, doesn't even have money left for tomorrow's meal. This means that he does not need to buy a car if in the end he has to go hungry because of the car, the same applies to buying Bitcoin as an investment asset, where every investor must have a good financial plan and management by separating money specifically for several things, including investing in Bitcoin.

The point is that good financial management will be something that we cannot let go of in this case because after all we have to consider several other things including to look at the level of primary and secondary needs.

From the example you gave, I think it can have 2 options that can be done where the first option is not forcing the will to buy a car and the second option is outsmarting by paying installments or looking for a used car so that what is desired can be achieved and our primary needs are still maintained.
It can also be used as a benchmark for current bitcoin accumulation.
We have enough money to buy 0.1 - 1 bitcoin for example but when it is bought then we cannot continue to live because our money runs out as a whole then the choice is clear there will be several things such as buying part for bitcoin or still trying to buy bitcoin in installments with the money we can afford to spend but our living needs are still guaranteed. This only depends on how we manage and discipline ourselves because after all we can still do everything without having to sacrifice one as long as we are observant enough in utilizing opportunities and have good management in terms of our planning to change living conditions for the better.

[Grace333]

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

Yes, of course, there are many cases where someone buys BTC but instead of making a profit, they lose money because they sell their BTC when the price is falling, but after they sell, the price rises again. This is obviously the result of not intending to invest in BTC for the long term, because if you invest for the long term, there is certainly great potential for profit.

In my opinion, now is the time to buy because the price of BTC is currently low, meaning that buying now will yield more BTC. However, for those investing in BTC for the long term, now is the right time to buy because the price will undoubtedly be higher in the future, such as in 10 years forward. However, the decision is up to each individual because everyone has their own approach. But one thing is certain: everything involves risk.

When come to bitcoin there’s no fixed buy time or sell time . Now is even the best time to buy , even tomorrow will still be the best time to buy . Just know that to start your investment you just need the basic knowledge of bitcoin and same time having enough cashflow that will help you keep to budget while you invest. So is not as complex as how most paint it to be , just have proper planing and focus acquiring more knowledge as you invest in bitcoin .

Yes, there is really no perfect entry time in Bitcoin… people keep waiting for some dip but meanwhile the market just keeps moving. What actually matters is having a plan and sticking to it instead of stressing yourself over timing.

And you’re right about the cashflow part too. Some people want to invest but their budget is not even balance, and that is where problems start.

[sotelorene]

[So just go all-in is all I'm saying and just not to worry about the future.

Why are you giving such dangerous investment advise ? If someone visits this thread for the first time and acts on what you said by going
all in that person may end up putting in all their income before they must soughted out their daily expenses. Bitcoin has a strong history of always reaching a new ATH, but still we cannot with precision predict the future. That is why it is not right to go all in. In Bitcoin don't starting cooking up a plan that begins to place you under a lot of pressure. Always invest safely by putting in the money that you can afford to loose, and thatoney should always be coming from your discretionary income, and not the money needed for your living expenses.

Going all in is not really wrong that is if the money is from your discretionary income because discretionary income is the money meant for our Bitcoin investment so any investor who want to go all in with it can go ahead but going all in with your expenses money is totally wrong and it appears as a trading because Bitcoin is not an asset someone can go around with in a short term, the person will so much regret ever trying that because one can hardly get a profit in Bitcoin in a short period of time. And going all in also depend on someone's ability to handle things or put them under control.

[Silikiem]

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

Yes, of course, there are many cases where someone buys BTC but instead of making a profit, they lose money because they sell their BTC when the price is falling, but after they sell, the price rises again. This is obviously the result of not intending to invest in BTC for the long term, because if you invest for the long term, there is certainly great potential for profit.

In my opinion, now is the time to buy because the price of BTC is currently low, meaning that buying now will yield more BTC. However, for those investing in BTC for the long term, now is the right time to buy because the price will undoubtedly be higher in the future, such as in 10 years forward. However, the decision is up to each individual because everyone has their own approach. But one thing is certain: everything involves risk.

When come to bitcoin there’s no fixed buy time or sell time . Now is even the best time to buy , even tomorrow will still be the best time to buy . Just know that to start your investment you just need the basic knowledge of bitcoin and same time having enough cashflow that will help you keep to budget while you invest. So is not as complex as how most paint it to be , just have proper planing and focus acquiring more knowledge as you invest in bitcoin .

It's even better now for people who want to buy the DIP the buy now and still maintain their DCAing in order to maximize their accumulation, the time or price does matter or influence a person who is DCAing but if that person wanted to buy the DIP then they have the opportunity to do so now, in fact they have had that opportunity for a while now and if they have already been buying then they will have had the opportunity to buy the DIP at different prices now all they have to do is HODL while they keep accumulating with the DCA and increase their bitcoin stash as much as they possibly can and given time their profits will most likely skyrocket for them.

Of course, investors who are DCAing have every opportunity to even buy more on such a reduced price provided they have the reserve funds available for them to use and accumulate even more in such dip opportunity, if not it’s better they just continue to figure out a discretionary income to use and buy with their ongoing and regular DCA buying pattern. It’s better for they that have prepared for such dip buying opportunity even though they are in ongoing DCA buying pattern as they have a reserved funds to make use of, but for those who don’t have they shouldn’t be pressured into it In order to maintain their financial position and not mess up their finances.

[Baridomale]

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

Yes, of course, there are many cases where someone buys BTC but instead of making a profit, they lose money because they sell their BTC when the price is falling, but after they sell, the price rises again. This is obviously the result of not intending to invest in BTC for the long term, because if you invest for the long term, there is certainly great potential for profit.

In my opinion, now is the time to buy because the price of BTC is currently low, meaning that buying now will yield more BTC. However, for those investing in BTC for the long term, now is the right time to buy because the price will undoubtedly be higher in the future, such as in 10 years forward. However, the decision is up to each individual because everyone has their own approach. But one thing is certain: everything involves risk.

When come to bitcoin there’s no fixed buy time or sell time . Now is even the best time to buy , even tomorrow will still be the best time to buy . Just know that to start your investment you just need the basic knowledge of bitcoin and same time having enough cashflow that will help you keep to budget while you invest. So is not as complex as how most paint it to be , just have proper planing and focus acquiring more knowledge as you invest in bitcoin .

Yes, there is really no perfect entry time in Bitcoin… people keep waiting for some dip but meanwhile the market just keeps moving. What actually matters is having a plan and sticking to it instead of stressing yourself over timing.

And you’re right about the cashflow part too. Some people want to invest but their budget is not even balance, and that is where problems start.

Your point about “there being no fixed buy or sell time” is partly true, but it becomes risky when oversimplified.
Bitcoin isn’t something someone should buy “any time” without structure, that is the exact mindset that makes beginners lose money.
I think something more realistic would be that one should know that
There is no perfect timing but there is a perfect strategy

People confuse timing with planning.
You can’t predict the bottom or the top, but you can create a system:

For instance DCA (Dollar-Cost Averaging)
Buy a fixed amount at regular intervals. This removes emotion and reduces timing mistakes.

Reserve Funds
Many beginners wipe out their savings because they buy everything at once.
A real investor keeps some cash aside for unexpected dips or emergencies.

It is important that one also knows that Cashflow matters more than “best time to buy”

You mentioned cashflow, which is correct but it’s not just about “having enough budget”.
Proper cashflow means:
Rent is paid, Food and bills are not affected, Zero borrowing to buy Bitcoin.
 Investment money comes only from surplus income

Without this, even good investors fail because they are forced to sell early when life happens.

Then Bitcoin rewards discipline, not rush
Beginners don’t lose money because Bitcoin failed, they lose because they panic-buy, they panic-sell
They invest money needed for survival they never planned their entry or exit

A disciplined investor with a long-term mindset rarely loses money on Bitcoin.

I think another thing that  actually matters is a personal plan

It’s not “buy now”, “buy tomorrow” or “buy later”.
It is:

What percentage of your income can you comfortably invest?

Can you continue buying during dips?

Do you understand volatility?

Are you investing with a 4–10 year time horizon?


If these questions are not answered, it is never the best time to buy.

[7juju]

You mentioned cashflow, which is correct but it’s not just about “having enough budget”.
Proper cashflow means:
Rent is paid, Food and bills are not affected, Zero borrowing to buy Bitcoin.

Proper cashflow means when your resources keeps flowing in without interruptions. Whatever you chose to do  with the doesn't matter, what matters the most is that the money is flowing in when due without delay or excuses.

Investment money comes only from surplus income

If you are waiting for surplus money before you start investing, you might not invest. Instead of waiting for surplus why don't you look at areas you need to cut down expenses in order to save up little money  to start investment. Someone who can't imbibe the culture of investing with the little he is earning, may or may not invest even if he starts earning bigger in the future.

[Finebone]

Going all in is not really wrong that is if the money is from your discretionary income because discretionary income is the money meant for our Bitcoin investment so any investor who want to go all in with it can go ahead

I understand your point you are trying to make that an investor can go all in on his discretionary income, meaning and investor can invest all of his discretionary income, but I don't buys that idea because that act of his will make the investment stressful, which is not good, since he is targeting to hold for long.

but going all in with your expenses money is totally wrong and it appears as a trading because Bitcoin is not an asset someone can go around with in a short term,

This one here is not trading mate, this is gambling.
Once an investor invest money meant for his basic needs and even went ahead to go all in with it, that is pure gambling that will not end well for his investment because he will at a point withdraw some part of his holdings or sell all of it to sorts out what the money is meant for, that's gambling, and it is a bad risk to take.

[ejikeme24]

Going all in is not really wrong that is if the money is from your discretionary income because discretionary income is the money meant for our Bitcoin investment so any investor who want to go all in with it can go ahead but going all in with your expenses money is totally wrong and it appears as a trading because Bitcoin is not an asset someone can go around with in a short term, the person will so much regret ever trying that because one can hardly get a profit in Bitcoin in a short period of time. And going all in also depend on someone's ability to handle things or put them under control.

I thought discretionary income is the leftover after all expenses its been figured out, so if we eventually have all our expenses figured out and also cut out some shares for our emergency funds, backup funds,and reserved funds then the Left over is supposed to be for our Bitcoin purchase so I see no reason why we would choose to save some portion of our discretionary funds than to go all in because saving some portion makes it look as if we are building emergency funds or backup funds inside our discretionary fund when we have already settled those funds .

 As an investor once you cut out some shares for your emergency funds, backup funds, and reserved funds I don't see that thing that will stop you from not going with the remaining amount left in your discretionary funds because if you still choose to save some portion you will still invest with it maybe sooner or in the future and this is more like delay to me.

[Yorubek]

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

Yes, of course, there are many cases where someone buys BTC but instead of making a profit, they lose money because they sell their BTC when the price is falling, but after they sell, the price rises again. This is obviously the result of not intending to invest in BTC for the long term, because if you invest for the long term, there is certainly great potential for profit.

In my opinion, now is the time to buy because the price of BTC is currently low, meaning that buying now will yield more BTC. However, for those investing in BTC for the long term, now is the right time to buy because the price will undoubtedly be higher in the future, such as in 10 years forward. However, the decision is up to each individual because everyone has their own approach. But one thing is certain: everything involves risk.

When come to bitcoin there’s no fixed buy time or sell time . Now is even the best time to buy , even tomorrow will still be the best time to buy . Just know that to start your investment you just need the basic knowledge of bitcoin and same time having enough cashflow that will help you keep to budget while you invest. So is not as complex as how most paint it to be , just have proper planing and focus acquiring more knowledge as you invest in bitcoin .

It's even better now for people who want to buy the DIP the buy now and still maintain their DCAing in order to maximize their accumulation, the time or price does matter or influence a person who is DCAing but if that person wanted to buy the DIP then they have the opportunity to do so now, in fact they have had that opportunity for a while now and if they have already been buying then they will have had the opportunity to buy the DIP at different prices now all they have to do is HODL while they keep accumulating with the DCA and increase their bitcoin stash as much as they possibly can and given time their profits will most likely skyrocket for them.

It is very good that by doing DCA continuously and buying more in DIP (if there is an opportunity or ability), if you continue this continuously and uninterruptedly, it becomes a very strong strategy in the long run. But when you try to buy only DIP instead of buying continuously, that is when you actually start facing failure, because the timing will not always be perfect, but if someone keeps depositing regularly and takes DIP entries as and when they are opportune, then in the long run his portfolio will continue to grow in a better way. But the consistency of strategy must be maintained.

It is true that buying Bitcoin regularly through the DCA method creates a strong strategy. Bitcoin can be purchased in various ways, but I feel comfortable investing in the DCA method because you can buy small amounts of Bitcoin and do not need to invest a large amount of money at once, which does not put additional financial pressure on yourself. By buying Bitcoin regularly in small amounts, you can reach your destination and by holding it for the long term, you can protect yourself from inflation as well as expect long-term profits.

[Joeboy]

[Edited out]
By buying Bitcoin regularly in small amounts, you can reach your destination and by holding it for the long term,

the speed of reaching your destination in your Bitcoin journey depends on how aggressive you are, as well as the size of the amount that you put into Bitcoin. Someone who is investing small amounts like $10 into bitcoin, cannot expects to reach their over accumulatiion which is their destination, earlier than someone who is consistently investing $200...... Consistency irrespective of how little it is though matters, but to be honest our level of intensity also matters too. That is why every Bitcoin investor need to know their financial capacity, manage their cash flow and then with the use of their discretionary income choose the level of aggressiveness that works best for them and not against them.

[Dreadboost]

Bitcoin is meant for buying and selling, Even if you hold for long you can still sell. But the more you buy dip and sell in a long time more profit you gain. It's about your financial status, if your financially stable you can buy dip and wait for long for your profit. But if your not stable you won't have the fund to buy dip. In Bitcoin investment having stable job outside Bitcoin is gain. Because you won't be move to sell when you are in need unlike those that hope only on Bitcoin investment funds.

Having patient and stable income are required in Bitcoin investment, selling your Bitcoin when you have no need for the money is waste, except is emergency. But as an investor always have an emergency money In Fiat, it will save you from selling your portfolio prematurely.

You should know when to prioritise to buy the dip because if you are a no coiner, and you prioritise buying the dip, you will not be consistent in accumulating Bitcoin, and you will miss a lot of buy opportunities since you do not know when a dip will happen or take place. You should be more concerned to buy the dip when you are very close to your over accumulation stage because you no longer need to be consistent in accumulating Bitcoin to achieve your desired amount of Bitcoin. Emergency is not even enough reason for you to sell your Bitcoin because you are supposed to set up an emergency fund you will use to take care of any emergency that will occur in your Bitcoin accumulation process.

Yeah, the truth is, if you are still in your early accumulation stage, waiting for dips can mess up your plan big time. Bitcoin does not always move the way we expect, and by the time you realize a dip is forming, price might already be gone..

I like how you also mentioned emergency funds, that is something people ignore. You can’t be selling your Bitcoin every time life throws you a little problem, that is just backward.

But using in DCA strategy you don't have to care much about the pull back that Bitcoin does.
Investor's that should be worried about this is the lump or but the dip type of investor's.
But as an investor you need to have some levels of knowledge of the natural movement of the market.

[BlackBoss_]

But using in DCA strategy you don't have to care much about the pull back that Bitcoin does.
Investor's that should be worried about this is the lump or but the dip type of investor's.
But as an investor you need to have some levels of knowledge of the natural movement of the market.

With DCA strategy, you are averaging your investment price so you don't mind about extreme entry prices like bottom prices or top prices because all these extreme prices are averaging into your average cost price of your investment.

The most helpful thing from DCA strategy is making you calmer, and less fearful, panic, uncertain in this high volatile market. With this strategy, you can have stronger mentality by determining what you will do with your money, your bitcoins after purchasing, and how long you will hold your bitcoin for profit. You also prepare your finance generally and investment capital particularly in order to eliminate need of urgently sell your bitcoins for money as you already reserved enough money for emergencies.

[JayJuanGee]

However, for those investing in BTC for the long term, now is the right time to buy because the price will undoubtedly be higher in the future, such as in 10 years forward.

Even though the possibility of Bitcoin doing 10-20x in the future are high, let's not forget that nothing is guaranteed, so we should not go all in on our investment because we are not sure of what the future hold, so invest what you can afford to lose for emotional and mental security.

But one thing is certain: everything involves risk.

This is just what am pointing out that even long term investors are exposed to risk, even though by holding longer, it mitigate the risk attack to Bitcoin.
Sometimes most of us get carried away and invest what we cannot afford to lose, and that is cause by over confidence, but it's not the best way to go about your Bitcoin investment because you wouldn't be able to handle the shock if your investment didn't work out as planned.

That is what Bitcoin investment is, although it's fairly young as compare to stocks, but as you can see if you study it's graph there is a big possibility that it can go high in the next cycle or so. Also think about it, looking at coinmarketcap, 19.94 BTC has been mined. So it's almost all of it or as we gets closer to 20 million then that's the time that will really be scarce as the last 1 million is going to be very difficult to mine and if I'm not mistaken, it will last for centuries to mined. So that is real numbers and with that, we really need to push ourselves to compete for that remaining bitcoin and again, looking at the historical logs, we might be talking like $500,000 or even $1 million a pop in the future. So just go all-in is all I'm saying and just not to worry about the future.

Your confidence in Bitcoin’s long-term strength is understandable, but telling people to go all-in can easily mislead beginners. Even long-term investors face risk, so the safest approach is always to invest based on your own financial capacity, not on pressure or competition. People have different incomes, responsibilities, and levels of experience, so their investment limits cannot be the same. Competition makes some people take unhealthy risks, and that is exactly what leads to panic-selling and emotional stress. Bitcoin works best when people stay disciplined, invest gradually, and use only the money they can afford to lose. It is a long-term plan, not a race.

Personally, i believe that it can be good to compete with oneself, but not necessarily to compete with others, since we might not know the exact details of the finances and/or psychology of other people.

At the same time, I understand that many of us have a bit of a competitive nature to us, and we want to do better than others in financial ways.. .. so it can be difficult to control the tendency that many of us have to want to compete with others, even though sometimes, if we create various systems and structures, then the competition can motivate us to make sure that we do not fail and that we balance out our investment into bitcoin so that we don't end up failing - and surely part of our balance is to both invest into bitcoin, yet always to have cash available in case we might have had made mistakes in our overly investing in bitcoin from time to time, if we have back up funds, then we are able to make it through our periods of mistakes without having to tap into our bitcoin investment at a time that is not completely of our own choosing.

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

Yes, of course, there are many cases where someone buys BTC but instead of making a profit, they lose money because they sell their BTC when the price is falling, but after they sell, the price rises again. This is obviously the result of not intending to invest in BTC for the long term, because if you invest for the long term, there is certainly great potential for profit.

In my opinion, now is the time to buy because the price of BTC is currently low, meaning that buying now will yield more BTC. However, for those investing in BTC for the long term, now is the right time to buy because the price will undoubtedly be higher in the future, such as in 10 years forward. However, the decision is up to each individual because everyone has their own approach. But one thing is certain: everything involves risk.

When come to bitcoin there’s no fixed buy time or sell time . Now is even the best time to buy , even tomorrow will still be the best time to buy . Just know that to start your investment you just need the basic knowledge of bitcoin and same time having enough cashflow that will help you keep to budget while you invest. So is not as complex as how most paint it to be , just have proper planing and focus acquiring more knowledge as you invest in bitcoin .

Yes, there is really no perfect entry time in Bitcoin… people keep waiting for some dip but meanwhile the market just keeps moving. What actually matters is having a plan and sticking to it instead of stressing yourself over timing.

And you’re right about the cashflow part too. Some people want to invest but their budget is not even balance, and that is where problems start.

Guys can get started investing into bitcoin, even if their finances are not in good order.  It is important to get started.

Yet, at the same time, when a person invests into bitcoin, if they want to be successful, they likely have to make sure that they are organized, and so if they start out investing with bad organization of their finances, they are going to need to get their shit in order, otherwise they are going to end up screwing it up.. .since bitcoin requires an ongoing maintenance of a cushion between a person's regular expenses and the bitcoin investment, so that he never has to tap into his bitcoin investment at a time that is not of his own choosing..

[Fara Chan]

But using in DCA strategy you don't have to care much about the pull back that Bitcoin does.
Investor's that should be worried about this is the lump or but the dip type of investor's.
But as an investor you need to have some levels of knowledge of the natural movement of the market.

This natural market movement becomes apparent when the supply and demand levels for Bitcoin begin to change. This is clearly visible to everyone every day, so long-term investors typically don't spend as much time in the market because they are more focused on other areas, such as increasing their cash flow or regular income, so they can continue DCA over the long term. Therefore, these investors are less likely to panic because they aren't constantly monitoring the market and price changes. Short-term investors, on the other hand, tend to panic more often because they only set small, short-term targets, and therefore can panic immediately when they see Bitcoin's price drop.

[Solodoski]

I thought discretionary income is the leftover after all expenses its been figured out, so if we eventually have all our expenses figured out and also cut out some shares for our emergency funds, backup funds,and reserved funds then the Left over is supposed to be for our Bitcoin purchase so I see no reason why we would choose to save some portion of our discretionary funds than to go all in because saving some portion makes it look as if we are building emergency funds or backup funds inside our discretionary fund when we have already settled those funds .

You gave the perfect definition of discretionary income, and later made your point without referencing your definition. If discretionary income is an income left after covering all expenses, then emergency funds, backup fund, or reserve fund are under discretionary income. Inside your discretionary income is where you remove a percentage for emergencies and possibly a reserve fund. I am still surprised most of you do not understand the basic things in investment, yet you claim to know them.

[Hardyrobust]

I thought discretionary income is the leftover after all expenses its been figured out, so if we eventually have all our expenses figured out and also cut out some shares for our emergency funds, backup funds,and reserved funds then the Left over is supposed to be for our Bitcoin purchase so I see no reason why we would choose to save some portion of our discretionary funds than to go all in because saving some portion makes it look as if we are building emergency funds or backup funds inside our discretionary fund when we have already settled those funds .

You gave the perfect definition of discretionary income, and later made your point without referencing your definition. If discretionary income is an income left after covering all expenses, then emergency funds, backup fund, or reserve fund are under discretionary income. Inside your discretionary income is where you remove a percentage for emergencies and possibly a reserve fund. I am still surprised most of you do not understand the basic things in investment, yet you claim to know them.

Are you trying to say that emergency funds is the same thing as discretionary income. This is wrong, emergency funds and discretionary income are not the same thing. Infact they are two different things , emergency funds is for emergency and is usually 3-6 months of our expenses. Discretionary income is an extra cash that is left after covering for our expenses. You don't spend emergency funds but you can decide to use your discretionary income either for buying bitcoin or for others things.

[Stormisover]

I thought discretionary income is the leftover after all expenses its been figured out, so if we eventually have all our expenses figured out and also cut out some shares for our emergency funds, backup funds,and reserved funds then the Left over is supposed to be for our Bitcoin purchase so I see no reason why we would choose to save some portion of our discretionary funds than to go all in because saving some portion makes it look as if we are building emergency funds or backup funds inside our discretionary fund when we have already settled those funds .

You gave the perfect definition of discretionary income, and later made your point without referencing your definition. If discretionary income is an income left after covering all expenses, then emergency funds, backup fund, or reserve fund are under discretionary income. Inside your discretionary income is where you remove a percentage for emergencies and possibly a reserve fund. I am still surprised most of you do not understand the basic things in investment, yet you claim to know them.

Are you trying to say that emergency funds is the same thing as discretionary income. This is wrong, emergency funds and discretionary income are not the same thing. Infact they are two different things , emergency funds is for emergency and is usually 3-6 months of our expenses. Discretionary income is an extra cash that is left after covering for our expenses. You don't spend emergency funds but you can decide to use your discretionary income either for buying bitcoin or for others things.

No he is not trying to say that emergency funds is the same thing as discretionary income I think you misunderstood him, he was only trying to say that emergency funds is gotten from part of our discretionary income like seeing emergency funds and various back up funds as being derive from discretionary income, you have to read back again maybe you are the one getting the whole thing very wrong because the person you quoted seems to know exactly what he was saying and I understood his points and I think he is right.

[Rockson1]

Yes, there is really no perfect entry time in Bitcoin… people keep waiting for some dip but meanwhile the market just keeps moving. What actually matters is having a plan and sticking to it instead of stressing yourself over timing.

Perfect dip shit, there is nothing like perfect dip anywhere and why no one is encouraged to wait for the dip is, dip has no certain time it will last and infact whats the need to wait for the dip when we are ready to invest in Bitcoin, when we can start investing immediately, waiting for the dip can push one into using their money for what they might regret later, am not against any person buying at the dip but waiting for the dip is not a good idea, people should learn how to start their Bitcoin investment when tbey are ready, they can still buy when the dip comes but the idea of buying during the dip alone should be ignored and frowned at because, if some people can be truthful, I think that is the reason they did not start buying Bitcoin when they are supposed to start.

[ginsan]

Yes, there is really no perfect entry time in Bitcoin… people keep waiting for some dip but meanwhile the market just keeps moving. What actually matters is having a plan and sticking to it instead of stressing yourself over timing.

Perfect dip shit, there is nothing like perfect dip anywhere and why no one is encouraged to wait for the dip is, dip has no certain time it will last and infact whats the need to wait for the dip when we are ready to invest in Bitcoin, when we can start investing immediately, waiting for the dip can push one into using their money for what they might regret later, am not against any person buying at the dip but waiting for the dip is not a good idea, people should learn how to start their Bitcoin investment when tbey are ready, they can still buy when the dip comes but the idea of buying during the dip alone should be ignored and frowned at because, if some people can be truthful, I think that is the reason they did not start buying Bitcoin when they are supposed to start.

There is no right time to buy bitcoin, especially what is being looked for is the Dip price of BTC cycles, it is a blind eye, no one will recognize the price of BTC to be at the DIP price or not, they will find out after BTC runs a few months later, like now we will never know the DIP price at which point, but buying it now has a chance that we may already be at the dip price.

Therefore DCA is very important because you have the opportunity to enter at the right time and at a price that is after a few years, like what we did at $16k at the beginning of this cycle at the end of 2022, isn't it clear enough to give us the answer that the dip price will be known after bitcoin reaches an increase in a few months.

[Graph001]

Bitcoin is meant for buying and selling, Even if you hold for long you can still sell. But the more you buy dip and sell in a long time more profit you gain. It's about your financial status, if your financially stable you can buy dip and wait for long for your profit. But if your not stable you won't have the fund to buy dip. In Bitcoin investment having stable job outside Bitcoin is gain. Because you won't be move to sell when you are in need unlike those that hope only on Bitcoin investment funds.

Having patient and stable income are required in Bitcoin investment, selling your Bitcoin when you have no need for the money is waste, except is emergency. But as an investor always have an emergency money In Fiat, it will save you from selling your portfolio prematurely.

You should know when to prioritise to buy the dip because if you are a no coiner, and you prioritise buying the dip, you will not be consistent in accumulating Bitcoin, and you will miss a lot of buy opportunities since you do not know when a dip will happen or take place. You should be more concerned to buy the dip when you are very close to your over accumulation stage because you no longer need to be consistent in accumulating Bitcoin to achieve your desired amount of Bitcoin. Emergency is not even enough reason for you to sell your Bitcoin because you are supposed to set up an emergency fund you will use to take care of any emergency that will occur in your Bitcoin accumulation process.

Yeah, the truth is, if you are still in your early accumulation stage, waiting for dips can mess up your plan big time. Bitcoin does not always move the way we expect, and by the time you realize a dip is forming, price might already be gone..

I like how you also mentioned emergency funds, that is something people ignore. You can’t be selling your Bitcoin every time life throws you a little problem, that is just backward.

What you said is certainly logical, but I personally think that if a person wants to start investing in Bitcoin, he should increase his income as much as possible without spending too much time on creating funds because the stronger his financial stability, the more advantageous he will be in a position and the matter will not be limited to his investment only, he will also be able to enjoy its benefits personally and family-wise. If you only create funds, you can miss out on many good investment opportunities. And besides, there is the fear of unexpected or emergency situations. You cannot depend on the same funds repeatedly and since Bitcoin is a long-term investment, your stability is important to continue investing here. It is better to be strong than to accumulate strength. Because the price will continue to increase due to inflation. You will not get the same price in the future as you are getting it now. So try to make your financial position as stable as possible.