Buy Buy Buy or Sell Sell Sell?

[IceLincoln]

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That's right, emergency funds are safety cushion, and as such they should never be used for dip buying, coz doing otherwise simply puts that person and his investment at risk anytime an unexpected situation turns up. As the name implies, Emergency fund should only be used to tackle real life emergency situation.  Dip buying is best done when an investor already has a reserve funds or some form of other extra cash gotten from certain monetary source like gift from friends etc......And honestly speaking is best that folks continue using their discretionary income to DCA as usual as they  can while building a reserve on the other side, and when the dips comes, they can take advantage of that without distorting their investment or even financial stability.

I don’t know who gave you guys this type of orientation that emergency funds can’t be used for something like this or it should be rigid everyone must follow one pattern which was coined by another person but I’m here to disagree with you that emergency funds can be used to buy the dip , as long as it is able to cover you for at least 3 to 6 months then taking a little out of it to buy the dip won’t kill you so stop putting everyone to just one direction and disputing ideas or inspirations which can be tested and probably work out just because you have a specific belief system on ways to acquire bitcoin.

Mr Churchill I think you’re confusing the reserve fund with the emergency funds, maybe in your mind you think all backup funds are the same but they are not. What you’re proposing or suggesting is only possible with your reserve funds that is the more flexible back up fund which you can use and still replenish in the future.
What if you use the emergency fund to buy the dip and a real emergency situation rises after what will you do when the market is still in a dip and there’s no other means. You have put yourself in a very bad financial situation which will result in more financial mistakes. This is why using the emergency for anything other than emergency situations is ill advised.

[Obulis]

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.

It is true not to worry about the future but this graph is not a guarantee @coinrift, it might be different from internal beliefs that Bitcoin will keep soaring in future but whether graph or belief it is all about Bitcoin future soarability which is not guarantee. So the vibe of inputting what you can afford to lose settles what happens in the long run and using DCA strategy handles the probable psychological destabilization that happens as the market goes. Not really about competition.

[Jaksonhard]

Your reserve fund is not for shoes and bags or to pay for children school fees before you get reserve fund you have already make sure that you have sort out all necessary needs including paying of your children school fees, so the reserve fund is part of your discretionary income which you uses to buy BTC so in such case your reserve fund can also be used to buy bitcoin. Like for example now that the price of BTC is low you can use your reserve fund to buy more BTC you can even be aggressive with it without you overly doing it.

I hear your argument, and you are correct that a reserve account does not qualify as money for everyday purchases like shoes, bags, or school fees. These basic necessities should already be dealt with before anyone considers creating a reserve. After that, the remaining money is discretionary, and if someone decides to use some to buy Bitcoin, that makes complete sense—especially when it is on sale. Buying when the price dips (or is lower), is generally good practice and a bit aggressive is OK if it is kept to safe amounts. Overall, do not go overboard and keep your coverage.

[7juju]

 I don’t know who gave you guys this type of orientation that emergency funds can’t be used for something like this or it should be rigid everyone must follow one pattern which was coined by another person but I’m here to disagree with you that emergency funds can be used to buy the dip, as long as it is able to cover you for at least 3 to 6 months then taking a little out of it to buy the dip won’t kill you so stop putting everyone to just one direction and disputing ideas or inspirations which can be tested and probably work out just because you have a specific belief system on ways to acquire bitcoin.

Since you are claiming you don't know who gave us the orientation let me tell you who gave us the orientation it is "jayjuanGee" and having carefully studied his view on the subject matters I agree with him completely that emergency funds should strictly be for emergency purposes only. You disagreeing with it doesn't change anything.

Why are you so obsessed with buying the dip with emergency funds? Why can't you set aside little percentage of your discretionary income for buying the dip? Must it be from your emergency funds? you never can tell what happens the next minute, the moment you used up money ment for emergency to buy bitcoin and the emergency occurs what will be your fate? Won't you be disorganised or you have acquired some mystical powers to predict the future to know when emergency can happen? To be on the safer side don't touch your emergency funds. If you have the means increase it rather than reducing it to buy bitcoin dips that's my humble advice to you.

[Cossyblack]

It is better they break the long term holding to solve financial challenges around them, there are some challenges if you fail to solve now it can cause a lot of damage that will even lead you to life imprisonment or reduce your family to nothing  in that environment,

Really? So imagine someone who has been holding Bitcoin for as long as a cycle- which is usually 4 years, so you think it is okay for that person to waste his effort and patient that he used to accumulate it, by selling off due to a financial challenge. I really don't think that is the right way to go about. Because if everyone begins selling off what they have accumulated  because of a life threatening situation, then I don't think anyone would even have a BTC portfolio anymore, because they will all keep starting from square one

The fact still is that life-threatnening situation will come whether we planned for it or not. That is why emergency funds exist. Having emergency funds shouldn't even be debatable, they are a neccesity. It shields your BTC investment from being broken whenever emergency comes up, thereby allowing your Bitcoin to keep growing. Without this emergency funds, every situations both the life threatening and otherwise will then become a reason of breaking your long term investment, which will be defeating the reason for investing in the first place.

I don't think it could have even gotten to this stage where he is now Force to sell his Bitcoin holdings to cover his debts if he had done the right thing at the right time.  By putting down measures to protect his Bitcoin investment,he wouldn't be this disorganized but because he has failed to implement these measures, he suffers the consequences alone. The measures put in place here are his Emergency funds and reserve funds.  Likewise him, any folks who fail to put these measures in place will end up selling their Bitcoin holdings if an Emergency struck.

[Alonso_]

It is better they break the long term holding to solve financial challenges around them, there are some challenges if you fail to solve now it can cause a lot of damage that will even lead you to life imprisonment or reduce your family to nothing  in that environment,

Really? So imagine someone who has been holding Bitcoin for as long as a cycle- which is usually 4 years, so you think it is okay for that person to waste his effort and patient that he used to accumulate it, by selling off due to a financial challenge. I really don't think that is the right way to go about. Because if everyone begins selling off what they have accumulated  because of a life threatening situation, then I don't think anyone would even have a BTC portfolio anymore, because they will all keep starting from square one

The fact still is that life-threatnening situation will come whether we planned for it or not. That is why emergency funds exist. Having emergency funds shouldn't even be debatable, they are a neccesity. It shields your BTC investment from being broken whenever emergency comes up, thereby allowing your Bitcoin to keep growing. Without this emergency funds, every situations both the life threatening and otherwise will then become a reason of breaking your long term investment, which will be defeating the reason for investing in the first place.

I don't think it could have even gotten to this stage where he is now Force to sell his Bitcoin holdings to cover his debts if he had done the right thing at the right time.  By putting down measures to protect his Bitcoin investment,he wouldn't be this disorganized but because he has failed to implement these measures, he suffers the consequences alone. The measures put in place here are his Emergency funds and reserve funds.  Likewise him, any folks who fail to put these measures in place will end up selling their Bitcoin holdings if an Emergency struck.

That is true, which is why we are always advised to have a backup funds which will always cover and protect our investments when we find ourselves in an unexpected situation and a precarious situation, it’s always advisable to have an emergency funds and a reserved funds to be able to protect our investments, three months into our investment is always viable in situations like this, if an investor is able to have a backup funds, that means the investor is secured for a period of making and starting investments, when I started investing in Bitcoin I did started my backup funds two months into my investment and it was actually achievable because I had a very heathy financial situation, and it helped me in protecting my bitcoin investment.

[Gallar]

. As far as I know, reserve funds are intended for a planned need. Such as planned home renovations, or children's school fees, or even to buy something we want, like a bag or something else.

You are getting it wrong mate, reserve funds is a money kept aside to support or services your bitcoin investment, those examples you spoke of like children school fees and house renovations are basic needs that can't be over looked, so they should be addressed first before thinking of something else.

. So, if, for example, our reserve funds are earmarked for home renovations that will be done in the next two years, I don't think that money should be invested in Bitcoin.

You are getting it wrong, reserve funds can be used to invest in bitcoin, if you intend renovating your house, what you do is to plan by saving towards it, and it should be addressed as a basic needs, not from your discretionary income.

I think you've misunderstood me here, because I'm not talking about discretionary funds, but reserve funds. So you need to remember that reserve funds and discretionary funds are two different things. That's why I said that investing in bitcoin using reserve funds is possible, but only on the condition that the reserve funds will not be used for a long period of time.

I emphasize again that reserve funds are not discretionary funds, so please don't misunderstand. Discretionary funds are funds generated from leftover money after all our needs have been met. Reserve funds, on the other hand, are funds that are deliberately collected for planned future needs.

So, I think you need to learn more about the difference between reserve funds and discretionary funds. If you don't understand the difference between these two types of funds, I think it will lead to misunderstandings about the funds you might allocate to investing in Bitcoin.

[Pandorak]

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.

It is true not to worry about the future but this graph is not a guarantee @coinrift, it might be different from internal beliefs that Bitcoin will keep soaring in future but whether graph or belief it is all about Bitcoin future soarability which is not guarantee. So the vibe of inputting what you can afford to lose settles what happens in the long run and using DCA strategy handles the probable psychological destabilization that happens as the market goes. Not really about competition.

First of all, it is important to instill awareness that risk will always exist, even with assets as strong as Bitcoin. None of us know for sure what will happen in the future, so as we have often discussed in this thread,  never put all your income or living expenses into Bitcoin. The primary funds you use to purchase should be discretionary funds. If you want to buy aggressively due to the current price decline, you can utilize your reserve funds. The point is to use money that you can afford to lose.

Ultimately, the purpose of Bitcoin investment should be to improve your future, not to make you anxious every moment because you see the price continuously falling. If your real-life finances remain secure, market volatility will mean nothing to you, as your focus is on the future.

[Grace333]

Your reserve fund is not for shoes and bags or to pay for children school fees before you get reserve fund you have already make sure that you have sort out all necessary needs including paying of your children school fees, so the reserve fund is part of your discretionary income which you uses to buy BTC so in such case your reserve fund can also be used to buy bitcoin. Like for example now that the price of BTC is low you can use your reserve fund to buy more BTC you can even be aggressive with it without you overly doing it.

Exactly makes sense, because once someone has already handled the most important responsibilities like his or her bills like you mentioned, whatever is left can really serve as that reserve fund for stacking more Bitcoin..

But at the same time, I still feel like there has to be a bit of balance.. It is easy to be carried away when the price is low and start buying badly, only to feel the pressure later if something unexpected comes up. So yes, using the reserve fund is fine, but I prefer doing it with a cool head, not just because the dip is tempting.

[Baki202]

Investors will aim for the long term. If someone hoping to profit quickly from Bitcoin is a trader, not an investor.

The sharp decline will certainly cause some panic, especially if you see a significant loss in your portfolio. There's a fear that it will worsen, but that only applies to a few people, especially novice investors.

And for investors who have implemented careful planning, I think the sharp decline will actually encourage them to accumulate more Bitcoin, So if we find ourselves in this position, it's better to focus on buying as much Bitcoin as possible rather than watching the news and lamenting the price correction, Take this opportunity to buy Bitcoin while it's currently cheap.

I agree on this. Perhaps for some, this is the most unpleasant moment to watch, annoying, and strange as the price continues to fall. But I believe that when the selling pressure subsides, the market correction will end, and the price reversal can occur very quickly without having time to set buy orders at lower levels, instead of chasing prices without much thought. That's for traders looking to profit at this moment.

Am sure that does that are not happy about what's going on in the market are does that are just experiencing this for the first time. And when the price falls you buy more and those that are always waiting for the dip this is the period for them to buy since they are more concerned about the dip and there others that won't buy even now that the price is down so don't even need to worry your self about such people. The good thing will be for you to make plans for your self. And people need to understand that the market will definitely go back to its normal shape, so that is happening in the market now should not be a problem at all.

This situation may not apply to those who use long-term investment techniques and have a long-term investor mindset. They understand that maximum results come from hard work and patience, and ultimately, those who choose a persistent and long-term approach are "The real young man a whiz.", and the real profits won't happen overnight or in a short time. It's difficult at first, but sweet in the end.

And what ever techniques they want to use they don't need to worry about the price dipping DCA is there to use but everyone have there guidance. And if you are investing holding for a very long time, it clear that even if the price is coming down it will not really affect you because it's a long term investment and the price will still bounce back. So of anyone is have the intention to invest they should prepare there self for a long term investment. So that you don't panic over everything. All this things are things people need to understand before they start investing.

[ginsan]

Your reserve fund is not for shoes and bags or to pay for children school fees before you get reserve fund you have already make sure that you have sort out all necessary needs including paying of your children school fees, so the reserve fund is part of your discretionary income which you uses to buy BTC so in such case your reserve fund can also be used to buy bitcoin. Like for example now that the price of BTC is low you can use your reserve fund to buy more BTC you can even be aggressive with it without you overly doing it.

I hear your argument, and you are correct that a reserve account does not qualify as money for everyday purchases like shoes, bags, or school fees. These basic necessities should already be dealt with before anyone considers creating a reserve. After that, the remaining money is discretionary, and if someone decides to use some to buy Bitcoin, that makes complete sense—especially when it is on sale. Buying when the price dips (or is lower), is generally good practice and a bit aggressive is OK if it is kept to safe amounts. Overall, do not go overboard and keep your coverage.

Don't be too aggressive, the reserve fund is a fund for your needs where you no longer make money in the future and that's where your reserves are used, or there are unexpected things and you need extra money and there you can use your reserve fund, the reserve fund should not be disturbed, as a wise investor should have good governance and clear specifications for the allocation of money, first understand the concept of the reserve fund.

While the purchase of bitcoin must be from your decrisioner income, the rest of all the needs you need, although the reserve fund is the result of savings from decrisioner income but the designation is not for investment but unexpected needs, when your investment is at a loss because bitcoin has decreased and your work is falling apart, you don't need to sell your bitcoin to meet your needs because you have a reserve fund that has been prepared.

So stay in principle, the purchase of bitcoin must be on a decrisioner income that you are basically financially safe, do not force even though bitcoin is disco, or do not be greedy, but DCA is the best way with the average dollar you are targeting in the purchase.

[Finebone]

First of all, it is important to instill awareness that risk will always exist, even with assets as strong as Bitcoin. None of us know for sure what will happen in the future, so as we have often discussed in this thread,  never put all your income or living expenses into Bitcoin. The primary funds you use to purchase should be discretionary funds. If you want to buy aggressively due to the current price decline, you can utilize your reserve funds. The point is to use money that you can afford to lose.

You have said it all buddy, and this is why I laugh out loud when some folks here will be talking about Bitcoin as if they are sure of what the future holds.  We as Bitcoin investors are doing it because of it growth potential and it ability to appreciate in value overtime, not that we are certain of how Bitcoin will play out in the next few years, so investing only from your discretionary income is the only reasonable thing to do since it's has it on risk attached to it, just like every other investment out there.
Additionally, being aggressive while buying Bitcoin is never a problem if you are doing it from your discretionary income, but it should not be done in a manner where you will be carried away and invest money meant for something else or any of your basic needs, because that's where the problem lies when being aggressive towards you bitcoin accumulation.

[Derekfunds]

First of all, it is important to instill awareness that risk will always exist, even with assets as strong as Bitcoin. None of us know for sure what will happen in the future, so as we have often discussed in this thread,  never put all your income or living expenses into Bitcoin. The primary funds you use to purchase should be discretionary funds. If you want to buy aggressively due to the current price decline, you can utilize your reserve funds. The point is to use money that you can afford to lose.

You have said it all buddy, and this is why I laugh out loud when some folks here will be talking about Bitcoin as if they are sure of what the future holds.  We as Bitcoin investors are doing it because of it growth potential and it ability to appreciate in value overtime, not that we are certain of how Bitcoin will play out in the next few years, so investing only from your discretionary income is the only reasonable thing to do since it's has it on risk attached to it, just like every other investment out there.
Additionally, being aggressive while buying Bitcoin is never a problem if you are doing it from your discretionary income, but it should not be done in a manner where you will be carried away and invest money meant for something else or any of your basic needs, because that's where the problem lies when being aggressive towards you bitcoin accumulation.

Anyone who tells you he or she knows what Bitcoin holds in future for sure is really deceiving himself or herself because no one does but we as an investors has the hope and believe that Bitcoin will do great in the future judging with it passed record I mean its growth and  also, the momentum it has from before has not still changed and so it will be a great achievement and a thing of happiness that someone accumulated a good stash or fraction of Bitcoin and hold for a long period of time. This can only be achieve if all the principles and rules are been hearken unto.

[Bigjoe33]

Your reserve fund is not for shoes and bags or to pay for children school fees before you get reserve fund you have already make sure that you have sort out all necessary needs including paying of your children school fees, so the reserve fund is part of your discretionary income which you uses to buy BTC so in such case your reserve fund can also be used to buy bitcoin. Like for example now that the price of BTC is low you can use your reserve fund to buy more BTC you can even be aggressive with it without you overly doing it.

But at the same time, I still feel like there has to be a bit of balance.. It is easy to be carried away when the price is low and start buying badly, only to feel the pressure later if something unexpected comes up. So yes, using the reserve fund is fine, but I prefer doing it with a cool head, not just because the dip is tempting.

Surely, he that fails to plan, has already planned to fail. This same statement is not left out in this investment process. An investor might have enough discretionary and/or reserve funds, but once you fail to plan the proper way to allocate these funds in accumulating Bitcoin, then you might end up not making the most of the moment, and thereby jeopardising your investment.

So yea, you might have reserve funds to buy from the Dip, but if you don't do a proper calculation on the amount of Dip you want to buy at the moment, and/or the amount for your ongoing and continuous DCAing, then you might mix things up wrongly and end up not really achieving your goals. So, be it discretionary funds, reserve funds, float or even emergency funds, you need a proper planning and income allocation management to do things well, else, you might make a whole lot of wrong decisions which may cost you your investment

[Hardyrobust]

First of all, it is important to instill awareness that risk will always exist, even with assets as strong as Bitcoin. None of us know for sure what will happen in the future, so as we have often discussed in this thread,  never put all your income or living expenses into Bitcoin. The primary funds you use to purchase should be discretionary funds. If you want to buy aggressively due to the current price decline, you can utilize your reserve funds. The point is to use money that you can afford to lose.

You have said it all buddy, and this is why I laugh out loud when some folks here will be talking about Bitcoin as if they are sure of what the future holds.  We as Bitcoin investors are doing it because of it growth potential and it ability to appreciate in value overtime, not that we are certain of how Bitcoin will play out in the next few years, so investing only from your discretionary income is the only reasonable thing to do since it's has it on risk attached to it, just like every other investment out there.
Additionally, being aggressive while buying Bitcoin is never a problem if you are doing it from your discretionary income, but it should not be done in a manner where you will be carried away and invest money meant for something else or any of your basic needs, because that's where the problem lies when being aggressive towards you bitcoin accumulation.

Anyone who tells you he or she knows what Bitcoin holds in future for sure is really deceiving himself or herself because no one does but we as an investors has the hope and believe that Bitcoin will do great in the future judging with it passed record I mean its growth and  also, the momentum it has from before has not still changed and so it will be a great achievement and a thing of happiness that someone accumulated a good stash or fraction of Bitcoin and hold for a long period of time. This can only be achieve if all the principles and rules are been hearken unto.

There is no one living that can be able to tell the future of bitcoin. The only they can do is to speculate how the market will look like.Bitcoin has proven it's worth as time passes by, some speculation are made based on bitcoin past records and this may not actually reflect current reality or happening in the market. This is the reason why I said it isn't possible to speculate correctly the price of bitcoin or were bitcoin will be in the future.

[Silikiem]

To an investor with little portfolio, this bearish is the right time to start one's investment into Bitcoin because its cheaper  to accumulate reasonable Bitcoin using DCA to navigate through the market and hold for as long as possible in order to have the bullish of the coin to set in, where most investors activate sales in order to actualize more profits as  an investor...

Activation of sales or selling off  at the sight of every bullish market, shouldn't be the priority for someone who is yet to reach their personal target or an over accumulation stage. If investors with little portfolio begin making sales anytime the price of Bitcoin goes up, it will simply  distort their long term plan, slow down their accumulation and as well push them into having the wrong mindset which is that that Bitcoin is what we can buy today and sell off tomorrow. So as investors who are yet to reach your over accumulation stage, their focus should be on continuously buying and holding for the long term which is usually the period of 4-10years+.

In the current market downturn, I think the most important thing is to remember your financial goals so you don't get stressed out when prices drop, panic, and sell. However, after you sell, the price will return to normal, and you'll actually profit from the difference in your initial capital. If you're playing for daily profits, there are certainly methods you can use to maintain your profits amidst the current situation. However, if you're saving in the hope of making a large profit quickly, I think panic during a market downturn is understandable. The key to the crypto market is patience and strong analytical skills. There are no instant profits in a high-risk market. 4 to 10 years is a consistent time to wait for assets to grow and avoid peaks during bear markets.

In order to avoid being stressed about the bear market trying to analyze the situation before investing, it’s advisable we only invest with our discretionary income. And for a long term bitcoin investor, of course patience is key to success of your investment, with the DCA method of investing in bitcoin you don’t need the strong analytical skills before you can invest, all you need is to focus more on just figuring out a discretionary income to accumulate bitcoin and hold for the long term goal through the DCA method of accumulation which will enable you to regularly accumulate bitcoin at any market price and also without trying to analyze the market before investing either weekly or monthly basis depending on when you’re able to figure out a discretionary income.

And also, to be at the safer side even when being patient in our investment which is one of the key to success in our investment, it’s advisable we only channel such patience towards investing in bitcoin direct and not just any cryptocurrency because there are so many shitty coins in the crypto market which are capable  of misleading the public. So you don’t just say crypto market here, but instead you go straight to saying Bitcoin In order not to mislead people into investing in any shitcoin.

[arwin100]

First of all, it is important to instill awareness that risk will always exist, even with assets as strong as Bitcoin. None of us know for sure what will happen in the future, so as we have often discussed in this thread,  never put all your income or living expenses into Bitcoin. The primary funds you use to purchase should be discretionary funds. If you want to buy aggressively due to the current price decline, you can utilize your reserve funds. The point is to use money that you can afford to lose.

You have said it all buddy, and this is why I laugh out loud when some folks here will be talking about Bitcoin as if they are sure of what the future holds.  We as Bitcoin investors are doing it because of it growth potential and it ability to appreciate in value overtime, not that we are certain of how Bitcoin will play out in the next few years, so investing only from your discretionary income is the only reasonable thing to do since it's has it on risk attached to it, just like every other investment out there.
Additionally, being aggressive while buying Bitcoin is never a problem if you are doing it from your discretionary income, but it should not be done in a manner where you will be carried away and invest money meant for something else or any of your basic needs, because that's where the problem lies when being aggressive towards you bitcoin accumulation.

Anyone who tells you he or she knows what Bitcoin holds in future for sure is really deceiving himself or herself because no one does but we as an investors has the hope and believe that Bitcoin will do great in the future judging with it passed record I mean its growth and  also, the momentum it has from before has not still changed and so it will be a great achievement and a thing of happiness that someone accumulated a good stash or fraction of Bitcoin and hold for a long period of time. This can only be achieve if all the principles and rules are been hearken unto.

There is no one living that can be able to tell the future of bitcoin. The only they can do is to speculate how the market will look like.Bitcoin has proven it's worth as time passes by, some speculation are made based on bitcoin past records and this may not actually reflect current reality or happening in the market. This is the reason why I said it isn't possible to speculate correctly the price of bitcoin or were bitcoin will be in the future.

There are just people out there release their opinion towards what's going to happen in future and its fine to listen on what they are saying especially if they have basis with information they shared.

But we should not totally listen on what we read from them and better to have our own assessment towards the situation happening. I guess the perfect situation can give us a hint about what's going to happen in future is its price history and volatile actions happened. We can also add the growing adoption happening and with this we can determine that Bitcoin had good chance to became more bigger asset in future.

[Popkon6]

First of all, it is important to instill awareness that risk will always exist, even with assets as strong as Bitcoin. None of us know for sure what will happen in the future, so as we have often discussed in this thread,  never put all your income or living expenses into Bitcoin. The primary funds you use to purchase should be discretionary funds. If you want to buy aggressively due to the current price decline, you can utilize your reserve funds. The point is to use money that you can afford to lose.

You have said it all buddy, and this is why I laugh out loud when some folks here will be talking about Bitcoin as if they are sure of what the future holds.  We as Bitcoin investors are doing it because of it growth potential and it ability to appreciate in value overtime, not that we are certain of how Bitcoin will play out in the next few years, so investing only from your discretionary income is the only reasonable thing to do since it's has it on risk attached to it, just like every other investment out there.
Additionally, being aggressive while buying Bitcoin is never a problem if you are doing it from your discretionary income, but it should not be done in a manner where you will be carried away and invest money meant for something else or any of your basic needs, because that's where the problem lies when being aggressive towards you bitcoin accumulation.

Anyone who tells you he or she knows what Bitcoin holds in future for sure is really deceiving himself or herself because no one does but we as an investors has the hope and believe that Bitcoin will do great in the future judging with it passed record I mean its growth and  also, the momentum it has from before has not still changed and so it will be a great achievement and a thing of happiness that someone accumulated a good stash or fraction of Bitcoin and hold for a long period of time. This can only be achieve if all the principles and rules are been hearken unto.

There is no one living that can be able to tell the future of bitcoin. The only they can do is to speculate how the market will look like.Bitcoin has proven it's worth as time passes by, some speculation are made based on bitcoin past records and this may not actually reflect current reality or happening in the market. This is the reason why I said it isn't possible to speculate correctly the price of bitcoin or were bitcoin will be in the future.

Bitcoin price is not a big deal, our goal is to move forward with investment. Bitcoin investment has become the most attractive at the moment and will become even more attractive in the future, if you notice, you will definitely understand that no one is afraid of the current Bitcoin price situation, those who are real holders are busy holding more. Because our goal is not the price of Bitcoin, but holding Bitcoin. Because Bitcoin can only be most successful if the DCA method is followed correctly. That is why we will not focus on the price of Bitcoin, but on how we can hold Bitcoin for a long time and if we follow the DCA method for a long time, it will be easiest to hold Bitcoin.

[Joeboy]

~snip~

Exactly makes sense, because once someone has already handled the most important responsibilities like his or her bills like you mentioned, whatever is left can really serve as that reserve fund for stacking more Bitcoin..

But at the same time, I still feel like there has to be a bit of balance.. It is easy to be carried away when the price is low and start buying badly, only to feel the pressure later if something unexpected comes up. So yes, using the reserve fund is fine, but I prefer doing it with a cool head, not just because the dip is tempting.

You are mixing up discretionary income with reserve funds..... After folks have handled their basic/ important responsibility, whatever extra money that is left is called your discretionary income, which you can use to buy Bitcoin if you want. But reserve funds are different in that they are usually those extra planned money than you intentionally set aside and it can be used flexibly for things such as buying the dip or even other future expenses... So therefore after handling out you basic needs, that extra money that is left first becomes your discretionary income, but when you purposefully set aside some of those extra money for flexxible use, it then becomes your reserve fund..

[JayJuanGee]

[edited out]

Still boils down as how to going to sell in the bull run, others will have this step kind of selling, like 20% in the beginning, then 40% and such.

If you are investing in bitcoin for 4-10 years or longer, then there is no need to sell bitcoin in your first whole cycle, or maybe 2-3 cycles, even though doing spend and replace is not a bad practice.  You seem to not understand bitcoin very well if you are going to treat it like a trade rather than an investment... but hey, everyone has a right to their own perspective and their own way of managing their bitcoin.

It is better they break the long term holding to solve financial challenges around them, there are some challenges if you fail to solve now it can cause a lot of damage that will even lead you to life imprisonment or reduce your family to nothing  in that environment,

if after investing in Bitcoin you can't take care of yourself and your basic needs, then you shouldn't be investing because you have not sorts out your discretionary income, because you just went ahead and invest with money meant to take care of your basic needs, which have made responsibilities and needs pilled up, and in such a situation, it will just be a matter of time before you sell everything prematurely to take care of your basic needs, which I sees as gambling, not investing.

, sometimes you don't have to blame some holders that sell in the Short term but some of them is not their wish to release coins, but situation punish them to it.

No, I will blame them because this can only happen when they fail to do the right thing, firstly by investing only from their discretionary income, secondly, by refusing to put down measures like having an emergency and reserve funds in place just in case of any emergency. So once you fails to put those things in place or invest only from your discretionary income, that's only when you will have problems with your investment.

There is some correctness in what you say since guys ares responsible for each and everything that they do to prepare including their decisions regarding how much of their discretionary income to put into their BTC investment, how much to keep in cash (such as emergency funds) and how much to use for any extra consumption.

Yet, there also can be times when they do everything perfect, and they still end up suffering some damage.  Their investment and cashflow management practices are meant to minimize the mistakes and the errors, and sometimes it might not be able to completely save us... Sure maybe it could save us if our roof blew off  and we had to spend extra money in order to prevent further damage, and sure maybe it could have had saved us when we got hit by the bus and we were out of work for 3 weeks and also had to buy a new car... but it might not be able to save us if we were to end up paralyzed or severely damaged where we could not work for 6 months... so the emergency funds might not save from the more extreme circumstances, and surely some guys end up screwing up because they did not even sufficiently save for the lower cost scenarios.. .and so then they may end up selling too much bitcoin too soon, based on their own lack of sufficient/adequate preparedness.

And, sure if matters go badly and situations could have had been prevented or even damages minimized, guys have to take responsibility to figure out how to strengthen and/or improve their cashlfow management systems/practices.

Talking about flexibility, using emergency funds to buy the dip can actually backfire. Emergency funds are meant for unexpected real-life situations like medical needs, job loss, or urgent repairs  not for investment opportunities, even if the market looks perfect.

You are actually right and I think that we both share the same sentiment on this issue here, an emergency funds is strictly reserved for emergency purpose, so investing with it is like gambling with your investment which may likely not ends well if carried out.
The funds kept aside to buy aggressively or accumulate during the dip is reserve funds, not emergency funds that stands as the last layer of protection to your Bitcoin investment.

You should never buy aggressively with reserve funds.

Why not? Reserve funds are those extra money outside of our emergency funds, and the major thing that makes a reserve funds what it is, is it's flexibility. Flexibility here means that it isnt locked up like emergency funds for one purpose only, rather it can be used to do anything, anything like meeting up with even our personal needs, it can even be used for buying the dip or any kind of aggressive buying which of course shouldn't be beyond your financial capacity.      Since reserve funds are flexible, the way you use it depends on your situation or what you reserved the money for.

I think investing in bitcoin using reserve funds is certainly possible, but it's important to remember the purpose of accumulating those reserves in the first place. As far as I know, reserve funds are intended for a planned need. Such as planned home renovations, or children's school fees, or even to buy something we want, like a bag or something else. So, with this in mind, we need to first consider the purpose of having reserve funds in the first place. So, if, for example, our reserve funds are earmarked for home renovations that will be done in the next two years, I don't think that money should be invested in Bitcoin.

Investing in Bitcoin essentially has a long time horizon, around 8-10 years. Therefore, I personally don't recommend investing reserve funds in Bitcoin if the money will be used immediately. However, if our reserve funds are only intended to buy items like bags or watches, I think that money can be used to invest in Bitcoin. Because buying a watch or something similar isn't particularly urgent, and if we don't buy it, it won't have any impact on our lives. So, that's my conclusion.

A person can specifically designate reserve funds for buying the dip.  Reserve funds have a lot of flexibility in terms of what the person is choosing to hold and/or to save up portions of their reserve funds funds.

Sure, it might not be a good idea to save up for buying BTC on the dip, yet a person can do what he likes with his discretionary funds, whether it is a good idea or not.