Buy Buy Buy or Sell Sell Sell?

[Nightwatchmare]

Risks exist everywhere, but there are low and high risks. Bitcoin has the highest risk in short-term investments. Those who invest in Bitcoin for a long time and follow the DCA method find it easier to maintain long-term Bitcoin investments. However, I can also talk about adopting a strategy because if you apply the DCA method and continue to deposit Bitcoin for a long time, and in addition to depositing, you will also keep it for a long time. Those who follow this simple strategy get quick success, but there is a risk in this case because as much money as possible should be invested in Bitcoin.

Bitcoin is at a level that is considered risk free for anyone that buys now because I don't see price crashing too deep again, we can see some consolidation for sometime which is also perfect for DCA accumulation. Generally, low-coiners have been offered golden opportunity to accumulate Bitcoin at lower price and hold for long. Imagine accumulating Bitcoin at these current levels and after a couple of months we see a rally to the $100k level, that will be like 20% profits already, so we should be seriously applying the DCA method now to buy and hold.

We shouldn't considered bitcoin as risk free investment no mater the price we are buying at bitcoin is still risky and it's a risk that is worth taken. If we have our discretionary income this is a good time to accumulate it more because i don't think it can go more lower. It is for both advantage both the low coiner or low income earners and high income earners because the dip is an opportunity for them to stack more bitcoin to their portfolio.

I will not blame any newbie who is considering Bitcoin as a risk-free investment because it could be that social media has made them believe that Bitcoin investment is a risk-free investmen, but once the newbie comes to a place like this forum or once the newbie starts investing in Bitcoin, he/she will know that Bitcoin investment is not a risk-free investment. Be it rich investors or poor investors, everyone who has discretionary income at the moment can take good advantage of the market and buy Bitcoin in the dip because they can buy big quantity of Bitcoin with a little money.

[ultrloa]

Putting all eggs in one basket has always failed people leaving some people penniless and some becomes debtors. Planning for retirement and casting all expectations into Bitcoin knowing that Bitcoin is not guaranteed is a red flag (danger).
It is okay huh, better or best spending great percentage of your time, energies and resources on one of the global best (Bitcoin) not putting all eggs in one basket but putting best eggs in the best basket.

Putting all your eggs in one basket sounds ridiculous. No matter how secured the basket (Bitcoin) may looks from the inside & outside,there is no guarantee that it won't break later in the future .  Bitcoin investment isn't guaranteed,so folks are advise to invest with money they can afford to lose or Do without. If bitcoin is the only investment they are concentrating on,they should invest with their Discretional incomes and whenever they have a Discretional incomes available rather than their primary income, to avoid pressure to sell to cover for their basic needs or panic-sells during market downtrend.

Even if we can say that Bitcoin is great investment still we cannot really guarantee to get profit here. What we only have is that belief that Bitcoin will bring great profit to us in future. So far Bitcoin didn't fail to deliver those things what they want to see. That's why they should invest only what they can afford to let go and make sure that they are fine whatever happen to Bitcoin in future. But we are still on early phase of adoption so there's really a great chance that we could see more pumps on Bitcoin.

If they can diversify then its good but choose those reliable assets and not those shitcoins they see in crypto space.

[Gallar]

Based on what is happening on bitcoin right now I think this is the perfect time for whoever that want to buy a Bitcoin to buy and keep, if you are purchasing Bitcoin and you are having a double thought for Bitcoin price to decrease more before you buy that is your own risk because the price can increase at any point in time, but I will encourage many people who have interest in Bitcoin to use this opportunity as bitcoin price is between 80k to 90k, to buy Bitcoin or accumulate their Bitcoin so that in future it will yield positive for them, the opportunity has come and it is not everybody that with rise the opportunity, if you have your capital take the risk and purchase Bitcoin for the next bull market

I believe that this is the right time for anyone looking to invest in Bitcoin, as the current price is still very low compared to what it will be in the next decade. Therefore, I believe that regardless of the current price of Bitcoin, if you want to invest, you should start investing immediately. Bitcoin is still fundamentally cheap. So, the point is, don't assume that buying Bitcoin at 100,000 is expensive, especially at its current price. Buying Bitcoin now will still be profitable in 10 years.

Furthermore, I disagree with your assumption that buying Bitcoin now is for the next bull market. Basically, if we buy Bitcoin now and sell it in the next bull market, the returns won't be significant. I'm sure the amount of Bitcoin we've accumulated isn't that large yet. Therefore, I believe that if we buy Bitcoin now, it's better to hold it for at least two cycles. Because that would certainly be much better than having to sell it in the upcoming bull market.

[Promocodeudo]

Putting all eggs in one basket has always failed people leaving some people penniless and some becomes debtors. Planning for retirement and casting all expectations into Bitcoin knowing that Bitcoin is not guaranteed is a red flag (danger).
It is okay, better or best spending great percentage of your time, energies and resources on one of the global best (Bitcoin) not putting all eggs in one basket but putting best eggs in the best basket.

This is the major statement we get or thats usually used by altcoiners, this has always been their excuse all the time, sometimes I ask, if it will be better for me to put my eggs in different leaking basket or put them all in a trusted and basket without leakage that will guarantee their safety until they harsh, these mindset has renders most investors hopeless, am not against anyone making whatever move or decisions since they will be the ones to carry the cross at the end but I won't stop saying things the way it should be, Bitcoin investment is the most trusted and reliable as far as digital asset is concerned, so no one can deceive me with such adage when I know how dangerous those shitty things are, out there.

[Kelward]

Putting all eggs in one basket has always failed people leaving some people penniless and some becomes debtors. Planning for retirement and casting all expectations into Bitcoin knowing that Bitcoin is not guaranteed is a red flag (danger).
It is okay, better or best spending great percentage of your time, energies and resources on one of the global best (Bitcoin) not putting all eggs in one basket but putting best eggs in the best basket.

This is the major statement we get or thats usually used by altcoiners, this has always been their excuse all the time, sometimes I ask, if it will be better for me to put my eggs in different leaking basket or put them all in a trusted and basket without leakage that will guarantee their safety until they harsh, these mindset has renders most investors hopeless, am not against anyone making whatever move or decisions since they will be the ones to carry the cross at the end but I won't stop saying things the way it should be, Bitcoin investment is the most trusted and reliable as far as digital asset is concerned, so no one can deceive me with such adage when I know how dangerous those shitty things are, out there.

If you are referring to crypto investment specifically it is wise to put all your eggs ( money) in one basket (investment) and the coin is none other than Bitcoin. When it comes to cryptocurrency I only trust Bitcoin with my money, buying shitcoins simply means gambling with my funds. There are more scams in the crypto market than any other markets that I know of, so I wouldn't advice anybody that is prudent with their funds to buy shitcoins. It is better to diversify your funds into another type of asset that is none crypto related after doing your own research to make sure that the asset meets a high standard like Bitcoin.

[Showlove01]

Risks exist everywhere, but there are low and high risks. Bitcoin has the highest risk in short-term investments. Those who invest in Bitcoin for a long time and follow the DCA method find it easier to maintain long-term Bitcoin investments. However, I can also talk about adopting a strategy because if you apply the DCA method and continue to deposit Bitcoin for a long time, and in addition to depositing, you will also keep it for a long time. Those who follow this simple strategy get quick success, but there is a risk in this case because as much money as possible should be invested in Bitcoin.

Bitcoin is at a level that is considered risk free for anyone that buys now because I don't see price crashing too deep again, we can see some consolidation for sometime which is also perfect for DCA accumulation. Generally, low-coiners have been offered golden opportunity to accumulate Bitcoin at lower price and hold for long. Imagine accumulating Bitcoin at these current levels and after a couple of months we see a rally to the $100k level, that will be like 20% profits already, so we should be seriously applying the DCA method now to buy and hold.

We shouldn't considered bitcoin as risk free investment no mater the price we are buying at bitcoin is still risky and it's a risk that is worth taken. If we have our discretionary income this is a good time to accumulate it more because i don't think it can go more lower. It is for both advantage both the low coiner or low income earners and high income earners because the dip is an opportunity for them to stack more bitcoin to their portfolio.

I will not blame any newbie who is considering Bitcoin as a risk-free investment because it could be that social media has made them believe that Bitcoin investment is a risk-free investmen, but once the newbie comes to a place like this forum or once the newbie starts investing in Bitcoin, he/she will know that Bitcoin investment is not a risk-free investment. Be it rich investors or poor investors, everyone who has discretionary income at the moment can take good advantage of the market and buy Bitcoin in the dip because they can buy big quantity of Bitcoin with a little money.

Don't you think it is a wrong mindset or mentality to start Bitcoin investment with that. That is what we call misinformation and the person getting the information will definitely suffer it if they don't seek or enquire more and taking information from social media this days is very dangerous and we should know the kind of information we take from social media and after that we should also checkmate on the information to be sure. Investing with the mindset that Bitcoin is risk free will make one invest with what they can not afford to lose because of ignorant remember information can either destroy or make one depending on the one been received so newbie should be very careful.

[Umulala-alala]

Putting all eggs in one basket has always failed people leaving some people penniless and some becomes debtors. Planning for retirement and casting all expectations into Bitcoin knowing that Bitcoin is not guaranteed is a red flag (danger).
It is okay huh, better or best spending great percentage of your time, energies and resources on one of the global best (Bitcoin) not putting all eggs in one basket but putting best eggs in the best basket.

Putting all your eggs in one basket sounds ridiculous. No matter how secured the basket (Bitcoin) may looks from the inside & outside,there is no guarantee that it won't break later in the future .  Bitcoin investment isn't guaranteed,so folks are advise to invest with money they can afford to lose or Do without. If bitcoin is the only investment they are concentrating on,they should invest with their Discretional incomes and whenever they have a Discretional incomes available rather than their primary income, to avoid pressure to sell to cover for their basic needs or panic-sells during market downtrend.

Even if we can say that Bitcoin is great investment still we cannot really guarantee to get profit here. What we only have is that belief that Bitcoin will bring great profit to us in future. So far Bitcoin didn't fail to deliver those things what they want to see. That's why they should invest only what they can afford to let go and make sure that they are fine whatever happen to Bitcoin in future. But we are still on early phase of adoption so there's really a great chance that we could see more pumps on Bitcoin.

If they can diversify then its good but choose those reliable assets and not those shitcoins they see in crypto space.

Diversification should be when are investor has buy large quantity of BTC or getting close to his accumulation process so that he won't stop his bitcoin accumulation half way. But if the money is available to diversify and still be buying your bitcoin weekly or monthly then their is no problem since the purpose to diversify is also for investment, diversifying into Real Estate will not also be bad.
Diversifying into shitcoins will be of no use it will be good the money be used to even buy more BTC and hodl.

[Tetu100]

judging from this perspective of mine we can say that of course of this struggle is probably for a good retirement or more like a perfect retirement place hence in 20 years from some who are at a very age which they highest they can wait is 20 years below while for some guys like me who can go from 20 years and above since we are still young and early in terms of age, by the time of our retirement if things be as it is, because nobody knows the next minute or what will happen to bitcoin in future but if all things be as it is then by 30 to 30 years we (younger guys) will definitely be in the best position with our bitcoin portfolio or investments.

For sure very young guys should have investment timelines that are 20-30 years or more, yet it still does not excuse putting all hope (and all expectations) in one basket.  I think that it is dangerous thinking to put all expectations in one basket, even if you might end up spending a lot of your life with a lot of your time, energies and value placed into bitcoin.. which is likely amongst the best, if not the best of horses to be betting upon.

Putting all eggs in one basket has always failed people leaving some people penniless and some becomes debtors. Planning for retirement and casting all expectations into Bitcoin knowing that Bitcoin is not guaranteed is a red flag (danger).
It is okay, better or best spending great percentage of your time, energies and resources on one of the global best (Bitcoin) not putting all eggs in one basket but putting best eggs in the best basket.

This whole thing all bored down to what kind of basket is that, if really the basket 🧺 is not ok or a faulty and a  damaged basket that can probably break your eggs that is put in it .  You can invest your money in some kind of stuff that is not sure  and you Try telling me or trying to justify your self with diversity strategy, that's madness. Bitcoin is the best and only sure game we should be considering thus we find it very hot.

[IjawMan]

For sure very young guys should have investment timelines that are 20-30 years or more, yet it still does not excuse putting all hope (and all expectations) in one basket.  I think that it is dangerous thinking to put all expectations in one basket, even if you might end up spending a lot of your life with a lot of your time, energies and value placed into bitcoin.. which is likely amongst the best, if not the best of horses to be betting upon.

Putting all eggs in one basket has always failed people leaving some people penniless and some becomes debtors. Planning for retirement and casting all expectations into Bitcoin knowing that Bitcoin is not guaranteed is a red flag (danger).
It is okay, better or best spending great percentage of your time, energies and resources on one of the global best (Bitcoin) not putting all eggs in one basket but putting best eggs in the best basket.

This whole thing all bored down to what kind of basket is that, if really the basket 🧺 is not ok or a faulty and a  damaged basket that can probably break your eggs that is put in it .  You can invest your money in some kind of stuff that is not sure  and you Try telling me or trying to justify your self with diversity strategy, that's madness. Bitcoin is the best and only sure game we should be considering thus we find it very hot.

Hey Tetu100, putting all hopes (eggs) I'm one basket is an idiom expression that means we should not pack all our money into a single investment asset no matter how we trust it to be safe investment as to minimize risk vulnerability. Spreading the money by diversifying into real-life assets like gold, stock, bonds and real estate while you can still make the high part of your investment in bitcoin since it is one of the best asset to invest on in this modern time.

[Tungbulu]

And the use of discretionary fund is intended to limit the probable setback financially, psychologically etc that might arise or usually arise from the impact of volatile risk Bitcoin investment.

When we choose how much to invest from our discretionary funds, we are not really addressing the idea of volatility, but instead we are addressing that we are making sure that we are using funds that are not needed for our upcoming expenses. 

We still could lose 100% of the amount that we chose to invest, but at least we are limiting the amount that we lose since we know that our expenses are covered.

Additionally, it means that investing what you can afford to do without in a very long term or forever if that be the case is the core reason why we choose how much of our discretionary funds we want to invest. Most guys may call it what you can afford to lose but I say what you can afford to do without in a long period of time,

I don't like the changing in the expression in that kind of a way, since your way of changing the expression seems to imply that there is some guarantee that you are going to get some of the money back, and sure, maybe in the end you are correct that you will get some, if not all, of the money back, yet I think that with biticoin and any other investment, there are likely benefits to detach from the value that is put into the investment and a potential willingness to ride the investment down to zero in the event that the investment goes in that direction.

You can believe what you like in regards to how much you are willing to lose, yet I think that there is no guarantee that you are going to get any of it back, whether execution risk or risks associated with investing into a multi-factored asset that has a lot of inputs that contribute to its price performance.

I get you that we are not investing into anything that we are expecting and/or hoping to lose and we are actually investing into something that we expect to have an upward sloping price, especially with more passage of time.

This is nothing but the reality of investing. No asset, not even Bitcoin, stock or even the so called safe assets, none of them comes with a recovery guarantee. When folks go into an investment and then have that entitlement that they’ll eventually get something back in return, what they’re doing is creating a false sense of security and this is the easiest way for people to leave themselves overexposed, vulnerable, emotionally attached and blindsided when the market eventually takes an opposite turn.

What you’ve said lays great emphasis on the mindset of genuine risk acceptance. When investors detach from the once it’s allocated, what they’re doing is training themselves to see the investment for what it really is, which is a position with a potential upside but equally with a real world execution risks, market risks and various uncertainties. This psychological detachment doesn’t mean you want to zero out, on the contrary, it means you’re building the mental preparedness and making your expectations to be realistic so you wouldn’t be shocked or emotionally derailed should incase it eventually zeros out. And ironically, that is what helps an investor make more informed decision over the long term.

You’re also very much right about investing with an expectation of an upward trajectory, but it’ll be more dangerous is we fail to acknowledge the possibility of total loss, this isn’t in any way pessimistic, it’s in fact discipline, as it reduces your emotion and keeps you strategic instead, keeps you grounded instead of hopeful and keeps you committed to a solid plan rather than just chasing market outcomes that ain’t promised in any way.

[Padi24]

That's is unbelievable. To say that BTC investment is not risky is very unfathomable @ promocodeudo. Volatility of a product is risk and Bitcoin investment is volatile, so Bitcoin investment is risk.
And the use of discretionary fund is intended to limit the probable setback financially, psychologically etc that might arise or usually arise from the impact of volatile risk Bitcoin investment.

When it comes to Bitcoin investments, the risk doesn't majorly come from its volatility, but rather from the kind of investor that you are. For instance, someone invests money that he will be needing to sought out his basic responsibilities into Bitcoin. To such a person the Bitcoin will feel more risky, especially during dips like we have now. But to a another fellow who uses his discretionary income for investment. Such a person will always remain calm and settled, even during the period of dips..if we look at the two different investors in my illustration, we will notice that they are both in the same market buying and holding the same assets which is bitcoin, but they both have different level of risk, coz of the kind of investor that they are.

I agree with your overall point, investing with money meant for business or food stuffs is not even supposed to happen and I noticed that those who often make this mistake are those newly investors that has little or no knowledge about Bitcoin investment. But I can't consider this as big risk because most of these newly investors that would want to invest with money meant for other things like their business capital into Bitcoin may likely want to exercise patient until it hits their target without minding how Long it would take, the only thing there is it will delay them from starting their business since they have already invested their capital into Bitcoin which most guys May likely not make this sacrifice so there for I think it's depends but I can't deny the fact that investing outside our discretionary funds is risky.

But for me i think the risk majorly comes from the side of our wallets because some people easily misplace their seed phrase or even forget about it or even disclose them to scammers or people around them not knowing how risky it is to be fucking around with their wallet seed phrase, not until they either hand it over to scammers or they just trash it mistakenly.

[Joeboy]

For sure very young guys should have investment timelines that are 20-30 years or more, yet it still does not excuse putting all hope (and all expectations) in one basket.  I think that it is dangerous thinking to put all expectations in one basket, even if you might end up spending a lot of your life with a lot of your time, energies and value placed into bitcoin.. which is likely amongst the best, if not the best of horses to be betting upon.

Well said sir,  folks indeed shouldn't underestimate the importance of diversification coz it's very neccesariy, however the way I see it, for a beginner he should know when it's time to diversify and when it is not.  Because diversification is important doesn't mean a beginner should just go ahead and rushing into diversification. At the initial stage of their investment, diversifying may confuse them or even push them into diversifying into the wrong assets, this is why lots of quick profit minded newbies out there are just throwing in all of their money into anyhow shitcoin just because they want to diversify into other assets....If guys have accumulated a substantial amount of Bitcoin and gained the understanding of which assets is worth diversifying into, then they can go on to diversify. But then these folks should always ensure that whatever they are diversifying into doesn't interfere with their Bitcoin accumulation. This is where having balance comes in.

[Grace333]

judging from this perspective of mine we can say that of course of this struggle is probably for a good retirement or more like a perfect retirement place hence in 20 years from some who are at a very age which they highest they can wait is 20 years below while for some guys like me who can go from 20 years and above since we are still young and early in terms of age, by the time of our retirement if things be as it is, because nobody knows the next minute or what will happen to bitcoin in future but if all things be as it is then by 30 to 30 years we (younger guys) will definitely be in the best position with our bitcoin portfolio or investments.

For sure very young guys should have investment timelines that are 20-30 years or more, yet it still does not excuse putting all hope (and all expectations) in one basket.  I think that it is dangerous thinking to put all expectations in one basket, even if you might end up spending a lot of your life with a lot of your time, energies and value placed into bitcoin.. which is likely amongst the best, if not the best of horses to be betting upon.

Putting all eggs in one basket has always failed people leaving some people penniless and some becomes debtors. Planning for retirement and casting all expectations into Bitcoin knowing that Bitcoin is not guaranteed is a red flag (danger).
It is okay, better or best spending great percentage of your time, energies and resources on one of the global best (Bitcoin) not putting all eggs in one basket but putting best eggs in the best basket.

This whole thing all bored down to what kind of basket is that, if really the basket 🧺 is not ok or a faulty and a  damaged basket that can probably break your eggs that is put in it .  You can invest your money in some kind of stuff that is not sure  and you Try telling me or trying to justify your self with diversity strategy, that's madness. Bitcoin is the best and only sure game we should be considering thus we find it very hot.

I wouldn’t support you on that, regardless of how you claim the basket is good, putting all your money in one basket is really not the best move, even if that basket is solid today. I get the whole Bitcoin is the sure game thing, and yeah, it is the strongest asset out there, but relying on just one thing has never been a smart long term play..  Anything can shake the market for a bit, and if all your funds are sitting in one place, you are exposed completely..

Diversifying is not madness, it is just common sense. I am not saying to invest in shit coins, No because that is bullshit.. and It is not about jumping into random weak assets, it is about balancing your risk so one bad move does not wipe everything. Bitcoin can be the main basket, noted, but making it the only one? That is not too good..

[Bigjoe33]

Putting all eggs in one basket has always failed people leaving some people penniless and some becomes debtors. Planning for retirement and casting all expectations into Bitcoin knowing that Bitcoin is not guaranteed is a red flag (danger).
It is okay, better or best spending great percentage of your time, energies and resources on one of the global best (Bitcoin) not putting all eggs in one basket but putting best eggs in the best basket.

This whole thing all bored down to what kind of basket is that, if really the basket 🧺 is not ok or a faulty and a  damaged basket that can probably break your eggs that is put in it .  You can invest your money in some kind of stuff that is not sure  and you Try telling me or trying to justify your self with diversity strategy, that's madness. Bitcoin is the best and only sure game we should be considering thus we find it very hot.

Sure, Bitcoin investment is the talk here, and to a great degree, it is reliable, since it is a store of value, no one would argue that. But knowing the volatility of bitcoin, and that it is best to buy consistently and Hodl for long term, let's say 4-19 years and even more, one wouldn't just sit idle without doing anything and then put all hopes on bitcoin investment and waiting for the gains always, No!

You can still run other businesses, work somewhere, own a company, real estate , or do several things to make money. This will increase your income and even make you buy Bitcoin the more, either by increasing your weekly DCAing or even buy aggressively form the Dip or buy a lump sum because you are earning something. This will make you not depend on your investment which will help you actualise your long term investment plan. For you to invest in Bitcoin, you need to be earning and then have a discretionary income, and you can get discretionary income when you are not earning anything, so the need to work out for modernities to earn so you can continue with your investment as you have planned

[Father111]

If you however feel compelled by yourself to buy a dip and you have accumulated emergency funds that you have been pilling up over a period of time without any emergencies happening you can decide to take a part of the excess to buy a dip.

I don't support the idea of talking any money from your emergency funds account and buy bitcoin, even if you have kept it for a long time without any emergency happening yet. What if the emergency occurs the moment you removed the money? The reason why it is called emergency is because it's an unplanned disaster it can happen at anytime when it is not expected. So any idea of taking out money from your emergency funds account should be abolished. If it was reserved funds you were talking about it would have been better. Emergency funds should be strictly kept for emergencies as long as your holding exists.

This is a very interesting question and a logical one in addition. Tapping into our emergency funds when we have a active Bitcoin investment is illogical. Emergencies doesn't happen fast isn't a good  reason why it should be tap to buy Bitcoin and cover other expenses. Folks takes years to build a strong emergency funds because they tap into it to cover other expenses. It's high time folks understand their can't build up a sufficient Emergency funds by tapping into it regularly. Emergency funds are held for Emergencies only. If we continue to tap it to foot our bills,it wouldn't be sufficient to withstand Emergencies when it occur unexpectedly.

Emergency situation can't be quantifiable interms of how serious it is and how much maybe involved hence tampering your emergency funds because you want to invest may be too risky because may not be enough for any future emergency however DCA and discretional funds is still a better option to aquire more BTC.

[ASloveapg]

If you however feel compelled by yourself to buy a dip and you have accumulated emergency funds that you have been pilling up over a period of time without any emergencies happening you can decide to take a part of the excess to buy a dip.

I don't support the idea of talking any money from your emergency funds account and buy bitcoin, even if you have kept it for a long time without any emergency happening yet. What if the emergency occurs the moment you removed the money? The reason why it is called emergency is because it's an unplanned disaster it can happen at anytime when it is not expected. So any idea of taking out money from your emergency funds account should be abolished. If it was reserved funds you were talking about it would have been better. Emergency funds should be strictly kept for emergencies as long as your holding exists.

This is a very interesting question and a logical one in addition. Tapping into our emergency funds when we have a active Bitcoin investment is illogical. Emergencies doesn't happen fast isn't a good  reason why it should be tap to buy Bitcoin and cover other expenses. Folks takes years to build a strong emergency funds because they tap into it to cover other expenses. It's high time folks understand their can't build up a sufficient Emergency funds by tapping into it regularly. Emergency funds are held for Emergencies only. If we continue to tap it to foot our bills,it wouldn't be sufficient to withstand Emergencies when it occur unexpectedly.

Emergency situation can't be quantifiable interms of how serious it is and how much maybe involved hence tampering your emergency funds because you want to invest may be too risky because may not be enough for any future emergency however DCA and discretional funds is still a better option to aquire more BTC.

Yes, if you have an emergency fund or a fund set aside for a specific purpose, then you should never invest in Bitcoin with that fund. Bitcoin investment should only be done through discretionary income, do not be so confident in Bitcoin that you think it will make you rich after some time, it involves risk, and it is only a long-term investment. So invest here what you can hold for the long term.

[Muba20]

If you however feel compelled by yourself to buy a dip and you have accumulated emergency funds that you have been pilling up over a period of time without any emergencies happening you can decide to take a part of the excess to buy a dip.

I don't support the idea of talking any money from your emergency funds account and buy bitcoin, even if you have kept it for a long time without any emergency happening yet. What if the emergency occurs the moment you removed the money? The reason why it is called emergency is because it's an unplanned disaster it can happen at anytime when it is not expected. So any idea of taking out money from your emergency funds account should be abolished. If it was reserved funds you were talking about it would have been better. Emergency funds should be strictly kept for emergencies as long as your holding exists.

This is a very interesting question and a logical one in addition. Tapping into our emergency funds when we have a active Bitcoin investment is illogical. Emergencies doesn't happen fast isn't a good  reason why it should be tap to buy Bitcoin and cover other expenses. Folks takes years to build a strong emergency funds because they tap into it to cover other expenses. It's high time folks understand their can't build up a sufficient Emergency funds by tapping into it regularly. Emergency funds are held for Emergencies only. If we continue to tap it to foot our bills,it wouldn't be sufficient to withstand Emergencies when it occur unexpectedly.

Emergency situation can't be quantifiable interms of how serious it is and how much maybe involved hence tampering your emergency funds because you want to invest may be too risky because may not be enough for any future emergency however DCA and discretional funds is still a better option to aquire more BTC.

Emergency funds are useful for emergencies. But if someone wants to invest with emergency funds, it is not suitable. Usually, those who invest using emergency funds will fail to maintain their investment. This money may be needed at any time but once that money is invested, it will never be returned. If someone is in a situation where there is a major price drop in Bitcoin, the emergency fund has guaranteed money but it will take him 1-2 days to get it, then he can use that money to take the opportunity to buy but he has to make sure that he gets his emergency funds back quickly.

[JayJuanGee]

Putting all eggs in one basket has always failed people leaving some people penniless and some becomes debtors. Planning for retirement and casting all expectations into Bitcoin knowing that Bitcoin is not guaranteed is a red flag (danger).
It is okay, better or best spending great percentage of your time, energies and resources on one of the global best (Bitcoin) not putting all eggs in one basket but putting best eggs in the best basket.

Do not put all your eggs in on basket." This is one statement most folks use to justify their bad decision making, and their poor decisions of investing in shit coin due to greed, and the funny thing is that most of these people that always makes such a statement knows that Bitcoin is only reliable asset to invest in, but they will just be making such a statement to justify their actions and also to make them feel better, while in reality, they're doing it because of greed.

There is a need for balance, yet there is also a need for some common sense.

Surely anyone in the early stages of their investment journey may well ONLY have bitcoin and cash in terms of their building up of their investment, yet as their investment grows, there likely are going to be needs to put value in other places beyond just bitcoin and cash, and no I am not personally referring to shitcoins, even though some folks might not know where to put their assets if they are not sure what other investment opportunities might be available to them

When I had mentioned to not put all of your eggs in one basket, I was personally referring to time, energy and value, and surely there may well be ways that guys might choose to invest into bitcoin in all ways, yet they still need to attempt to protect themselves in terms of the kinds of skills that they might be building and if they might be able to earn money in the real world, whether bitcoin continues to exist and prosper into the future or not.

Each of us is responsible for our own actions in the event that we do dumb shit and we overallocate and we are not able to pay our bills and/or if we otherwise put our lives into disorganization and chaos.

judging from this perspective of mine we can say that of course of this struggle is probably for a good retirement or more like a perfect retirement place hence in 20 years from some who are at a very age which they highest they can wait is 20 years below while for some guys like me who can go from 20 years and above since we are still young and early in terms of age, by the time of our retirement if things be as it is, because nobody knows the next minute or what will happen to bitcoin in future but if all things be as it is then by 30 to 30 years we (younger guys) will definitely be in the best position with our bitcoin portfolio or investments.

For sure very young guys should have investment timelines that are 20-30 years or more, yet it still does not excuse putting all hope (and all expectations) in one basket.  I think that it is dangerous thinking to put all expectations in one basket, even if you might end up spending a lot of your life with a lot of your time, energies and value placed into bitcoin.. which is likely amongst the best, if not the best of horses to be betting upon.

Putting all eggs in one basket has always failed people leaving some people penniless and some becomes debtors. Planning for retirement and casting all expectations into Bitcoin knowing that Bitcoin is not guaranteed is a red flag (danger).
It is okay, better or best spending great percentage of your time, energies and resources on one of the global best (Bitcoin) not putting all eggs in one basket but putting best eggs in the best basket.

Exactly, it will be a bad idea for an investor to put all hope and expectations in bitcoin. There should always be need for diversification incase of any issues that may come up in the future. Just like you have rightly said investment bitcoin isn't a guarantee that it will be a success at the end of the day . To reduce the impact of risk or minimise loss there should always be need to spread ones assets into different investment.

What kind of diversification do you consider to be necessary?  Are you referring to shitcoins?  Do you think that a person cannot have ONLY bitcoin and cash to start out his investment for maybe several years until he builds up his bitcoin holdings to be 1 year or more of his expenses?  how are you considering this idea of "diversification?"

Maybe you could provide an example, or maybe answer an example?

Of course there are differences if a guy is brand new to investing, or if he had been investing for a while at the time that he comes to bitcoin.

Let's say that a guy had already been living with his parents and is going out into the real world where he is getting his first job and having to support himself.  He does not have any other investments besides bitcoin.  While he was living with his parents he had built up a bitcoin stash.. perhaps 0.12 BTC, and when he goes into the real world, he is going to have a job where he is going to be making around $20k per year, and his basic expenses are going to be around $500 per month... So the guy is thinking that he has around $50 to $100 per week that he could buy bitcoin and to shore up his emergency funds.. Maybe he already has around $1k saved up on "emergency/back up funds".  Should this guy diversify, and if so, how?

If you want to provide a different example, then no problem, go ahead.

If they can diversify then its good but choose those reliable assets and not those shitcoins they see in crypto space.

You believe that there is any need to diversify for someone who is still early in his bitcoin investment journey?  Maybe you can explain what you mean by that and how such diversification would end up working for someone still in their first cycle of investing into bitcoin.  What is a "reliable asset?"  How is that going to work in the real world?  Maybe you can provide some kind of an example what you mean?

Putting all eggs in one basket has always failed people leaving some people penniless and some becomes debtors. Planning for retirement and casting all expectations into Bitcoin knowing that Bitcoin is not guaranteed is a red flag (danger).
It is okay, better or best spending great percentage of your time, energies and resources on one of the global best (Bitcoin) not putting all eggs in one basket but putting best eggs in the best basket.

This is the major statement we get or thats usually used by altcoiners, this has always been their excuse all the time, sometimes I ask, if it will be better for me to put my eggs in different leaking basket or put them all in a trusted and basket without leakage that will guarantee their safety until they harsh, these mindset has renders most investors hopeless, am not against anyone making whatever move or decisions since they will be the ones to carry the cross at the end but I won't stop saying things the way it should be, Bitcoin investment is the most trusted and reliable as far as digital asset is concerned, so no one can deceive me with such adage when I know how dangerous those shitty things are, out there.

Ok. 

So how you going to deal with your bitcoin investment in the coming cycle or two?  Do you have anything besides bitcoin and cash?  Do you believe that no diversification is necessary or at what point would you start to consider that you might need to go beyond bitcoin and cash?

[edited out]

If you are referring to crypto investment specifically it is wise to put all your eggs ( money) in one basket (investment) and the coin is none other than Bitcoin. When it comes to cryptocurrency I only trust Bitcoin with my money, buying shitcoins simply means gambling with my funds. There are more scams in the crypto market than any other markets that I know of, so I wouldn't advice anybody that is prudent with their funds to buy shitcoins. It is better to diversify your funds into another type of asset that is none crypto related after doing your own research to make sure that the asset meets a high standard like Bitcoin.

So?  When is such concerns for "diversification" going to trigger?  And, how is such diversification going to be done?

[edited out]

This whole thing all bored down to what kind of basket is that, if really the basket 🧺 is not ok or a faulty and a  damaged basket that can probably break your eggs that is put in it .  You can invest your money in some kind of stuff that is not sure  and you Try telling me or trying to justify your self with diversity strategy, that's madness. Bitcoin is the best and only sure game we should be considering thus we find it very hot.

So?  You are proclaiming that there is no need to invest into anything besides bitcoin and cash? You are going to be comfortable with that?

[edited out]

Hey Tetu100, putting all hopes (eggs) I'm one basket is an idiom expression that means we should not pack all our money into a single investment asset no matter how we trust it to be safe investment as to minimize risk vulnerability. Spreading the money by diversifying into real-life assets like gold, stock, bonds and real estate while you can still make the high part of your investment in bitcoin since it is one of the best asset to invest on in this modern time.

At what point does a person start to buy gold, stocks, bonds, real estate etc?  Do they start their bitcoin investment out that way?

[edited out

I wouldn’t support you on that, regardless of how you claim the basket is good, putting all your money in one basket is really not the best move, even if that basket is solid today. I get the whole Bitcoin is the sure game thing, and yeah, it is the strongest asset out there, but relying on just one thing has never been a smart long term play..  Anything can shake the market for a bit, and if all your funds are sitting in one place, you are exposed completely..

Diversifying is not madness, it is just common sense. I am not saying to invest in shit coins, No because that is bullshit.. and It is not about jumping into random weak assets, it is about balancing your risk so one bad move does not wipe everything. Bitcoin can be the main basket, noted, but making it the only one? That is not too good..

How you going to do it then?  Up higher in this post I gave an example of a guy who just moved from his parents and he has 0.12 BTC, and he has a new job of $20k per year with $500 expenses, and around $1k in cash saved for back up funds.  He is tentatively thinking that he has $50 to $100 per week to buy bitcoin.  Is he wrong? How should such guy proceed?

[SuperBitMan]

If you however feel compelled by yourself to buy a dip and you have accumulated emergency funds that you have been pilling up over a period of time without any emergencies happening you can decide to take a part of the excess to buy a dip.

I don't support the idea of talking any money from your emergency funds account and buy bitcoin, even if you have kept it for a long time without any emergency happening yet. What if the emergency occurs the moment you removed the money? The reason why it is called emergency is because it's an unplanned disaster it can happen at anytime when it is not expected. So any idea of taking out money from your emergency funds account should be abolished. If it was reserved funds you were talking about it would have been better. Emergency funds should be strictly kept for emergencies as long as your holding exists.

This is a very interesting question and a logical one in addition. Tapping into our emergency funds when we have a active Bitcoin investment is illogical. Emergencies doesn't happen fast isn't a good  reason why it should be tap to buy Bitcoin and cover other expenses. Folks takes years to build a strong emergency funds because they tap into it to cover other expenses. It's high time folks understand their can't build up a sufficient Emergency funds by tapping into it regularly. Emergency funds are held for Emergencies only. If we continue to tap it to foot our bills,it wouldn't be sufficient to withstand Emergencies when it occur unexpectedly.

Emergency situation can't be quantifiable interms of how serious it is and how much maybe involved hence tampering your emergency funds because you want to invest may be too risky because may not be enough for any future emergency however DCA and discretional funds is still a better option to aquire more BTC.

Emergency funds are useful for emergencies. But if someone wants to invest with emergency funds, it is not suitable. Usually, those who invest using emergency funds will fail to maintain their investment. This money may be needed at any time but once that money is invested, it will never be returned. If someone is in a situation where there is a major price drop in Bitcoin, the emergency fund has guaranteed money but it will take him 1-2 days to get it, then he can use that money to take the opportunity to buy but he has to make sure that he gets his emergency funds back quickly.

Emergency funds should be used only for emergency situation, we have different type of backup funds and they are emergency, reserve and float funds, you can use your reserve funds to accumulate Bitcoin whenever you want especially when there is a dip in Bitcoin, but using an emergency funds to invest in Bitcoin is a no  for me, sometimes I know you may be feeling that the emergency funds is just in the bank without being used because no emergency issues has happened it is advised you don't use your emergency funds to accumulate Bitcoin just continue keeping it for the emergency funds because just like you said Muba20 an emergency can happen at any time.

[7juju]

I will be increasing my allocation to Bitcoin accumulation to accommodate buying the dip which I will be adding to my ongoing DCA accumulation. I think it is the right thing to do before price returns above $100,000 which I expect to happen next year. A lot of us did not expect the dump in price but it happened and the only way to take advantage of it is to buy more coins and hold.

As bitcoin investors we should understand by now that market moves at any direction that it wants and not the direction that we are expecting. We should expect any market condition at any time. Dips can happen at anytime that's why bitcoin market is highly unpredictable. This minute the market is all bullish, the next minute it's bearish. So as investors we should focus in doing our accumulations and keep taking advantage of whatever market conditions that comes when we expect and when we don't expect.