Buy Buy Buy or Sell Sell Sell?

[I_Anime]

Spot on. It's the difference between investing in Bitcoin and investing with Bitcoin. The experienced holder isn't just waiting for a higher dollar price; they're waiting for a day when Bitcoin's value is measured in what it can do, not just what it can be sold for. The doubt you mention is key—newbies doubt Bitcoin itself, while vets doubt the traditional system. That flips everything.

I don't understand what you mean by investing with Bitcoin, because someone who is investing in Bitcoin can not invest with Bitcoin rather they can invest with Bitcoin in other investment. Whether higher dollar price or not a real investor will keep on investing that is why DCA method is there to help an investor take advantage or invest at any price regardless of the market phase and I disagree with you, experience investors are not waiting for a day when Bitcoin value is measured in what it can do rather they are investing with a long term goal to have a Bitcoin as an asset in the future.

You guys will only confuse yourselves, in this thread all we base on is investing in bitcoin which is buying and holding it for long . Not investing with bitcoin , when you are talking about investing with bitcoin is like using bitcoin for a real estate deal , for someone that accepts bitcoin payment . But that’s  not what is being discussed here , and beside we should be careful kind of information we pass or the way we put it so that we won’t endup confusing those that are new to bitcoin.

[Derekfunds]

I doubt that we need to fix our attitude or to have a certain kind of attitude prior to starting bitcoin, even though sometimes the characteristics of folks might take a long time to change, even if they get started in bitcoin and they try to improve their cashflow management skills and practices, they still might have challenges in their personality that they need to figure out, and I list several of those factors in one of my earlier posts.  Guys are not required to get their shit together prior to getting started investing in bitcoin, and getting started tends to be a good idea for anyone as long as they have discretionary funds in order to start.

I agree with you. Attitude is similar to knowledge and investment plans (emergency, savings). An investor can also build a decent attitude towards their investment along the line, the same way they can keep learning, at the same time building their emergency funds instead of waiting for who knows how long. These are probably the activities investors do at the wrong time. The right thing, but at the wrong time. It will take someone who has the knowledge that you just shared to be able to tell them what they intend to do will only delay them and give good reasons for the investor to understand. People are so naïve, even when they hear the truth, so sometimes it takes them to follow their own conviction, till they get the experience. However, Bitcoin dont wait for anyone, the price keeps swinging no matter how long we think we ought to prepare.

Investors usually have a certain level of backup funds that they do not allow to be reduced except in an emergency. When the emergency fund is depleted or exhausted, measures should be taken to replenish it. More complicated situations may arise later if the fund is replenished. If the fund is not replenished after the emergency fund is exhausted, but the funds are not replenished, then if it is not possible to reduce expenses or increase income, then holding Bitcoin may be forced to be used. It is important to have prior preparation and systems in place to avoid such situations. Using Bitcoin in the early stages of Bitcoin can be a big problem because then the holding is in the process of increasing. However, if there is enough or more Bitcoin, there is no need to worry much about reducing the holding a little, a large holding provides more protection and it takes time to reach this stage.

Exactly, emergency funds should only be use for emergency and nothing more because if emergency arises and there is no funds to use to remedy it, the only option left would be to temper with Bitcoin that is in their portfolio because of lack of preparation and poor orientation because someone who is orientatied would know that he needs to keep emergency funds in case of emergency and the problem again is that some folks are very negligence they don't really care about emergency funds and they feel they can handle everything when something comes up but a wise and Real investor will never wait for this time before they prepare.

[Bigjoe33]

What differentiates novice investors from experienced investors lies in their view of Bitcoin as an asset. Novice investors view Bitcoin as an asset for profit, but experienced investors view Bitcoin as a scarce asset, not just an investment asset but also an asset that can hedge against the downsides of the fiat system.

This is why experienced investors aren't so concerned about the price because they continue to buy Bitcoin, believing it to be a scarce asset in the future. In contrast novice investors buy Bitcoin during a downturn and even when the price starts to drop they quickly panic because they still have doubts about Bitcoin. I mean the mindsets of experienced investors and novice investors are very different, this is the difference.

Of a truth, experienced investors reasons quite a different way from novice investors since they are still trying to learn and understand investment even though they have started there investment, which is very different from experienced investors who have gathered much knowledge and maintains a certain level of balance to his investment.

However, trying to figure and/or point out what differentiates the two persons may not be too relevant as this thread is more likely concentrated on buying BTC or rather to sell(but the emphasis is on to Buy). I must also add that, be it a novice investor, or an experienced investor, the aim here is to buy Bitcoin and Hodl. The same experience investor was once a novice too, and the novice of newbie investor will one day become an experienced investor if he begins and/or has began his investment journey. So if the novice investor is able to figure out his discretionary income and begin his investment, while gradually accumulating Bitcoin using the DCA strategy, and us able to set parameters around him which will help to guide and protect his investment, been able to Hodl for long, such newbie investor gathers some knowledge which over the years will help him in taking good decisions that will help you strengthen his investment, and at such, he will one day become an experienced investor too.

So be it a newbie or an old investor, the emphasis is to begin to buy buy buy, and not sell sell, as holding Bitcoin in your portfolio for a long time can be very promising in the future since bitcoin is a store of value

[Sticky Bomb]

What differentiates novice investors from experienced investors lies in their view of Bitcoin as an asset. Novice investors view Bitcoin as an asset for profit, but experienced investors view Bitcoin as a scarce asset, not just an investment asset but also an asset that can hedge against the downsides of the fiat system.

This is why experienced investors aren't so concerned about the price because they continue to buy Bitcoin, believing it to be a scarce asset in the future. In contrast novice investors buy Bitcoin during a downturn and even when the price starts to drop they quickly panic because they still have doubts about Bitcoin. I mean the mindsets of experienced investors and novice investors are very different, this is the difference.

Of a truth, experienced investors reasons quite a different way from novice investors since they are still trying to learn and understand investment even though they have started there investment, which is very different from experienced investors who have gathered much knowledge and maintains a certain level of balance to his investment.

However, trying to figure and/or point out what differentiates the two persons may not be too relevant as this thread is more likely concentrated on buying BTC or rather to sell(but the emphasis is on to Buy). I must also add that, be it a novice investor, or an experienced investor, the aim here is to buy Bitcoin and Hodl. The same experience investor was once a novice too, and the novice of newbie investor will one day become an experienced investor if he begins and/or has began his investment journey. So if the novice investor is able to figure out his discretionary income and begin his investment, while gradually accumulating Bitcoin using the DCA strategy, and us able to set parameters around him which will help to guide and protect his investment, been able to Hodl for long, such newbie investor gathers some knowledge which over the years will help him in taking good decisions that will help you strengthen his investment, and at such, he will one day become an experienced investor too.

So be it a newbie or an old investor, the emphasis is to begin to buy buy buy, and not sell sell, as holding Bitcoin in your portfolio for a long time can be very promising in the future since bitcoin is a store of value

The whole thing is trying to get better with your cashflow management so you can have a smoother accumulation journey. It is understandable that it might take some guys new to investing a while to come to some level of maturity as to handling their cashflow efficiently and even maintaining consistency in their buys. Sometimes it can even take up to a year or several months to come to such a level and even take tampering of your portfolio one, two or even more times to even come to terms with the importance of emergency fund and other backup funds. All these are processes undergone by the new investor before he is able to maintain some kind of balance between his cashflow and accumulating bitcoin correctly.

The investor has to be committed to learning, improving on himself and getting better at managing his cashflow and overtime he would rise above some petty errors which threatens their portfolio, get more experienced and continue to buy and hold bitcoin observing better accumulation practices which would see him go long term in bitcoin

[JayJuanGee]

What differentiates novice investors from experienced investors lies in their view of Bitcoin as an asset. Novice investors view Bitcoin as an asset for profit, but experienced investors view Bitcoin as a scarce asset, not just an investment asset but also an asset that can hedge against the downsides of the fiat system.

This is why experienced investors aren't so concerned about the price because they continue to buy Bitcoin, believing it to be a scarce asset in the future. In contrast novice investors buy Bitcoin during a downturn and even when the price starts to drop they quickly panic because they still have doubts about Bitcoin. I mean the mindsets of experienced investors and novice investors are very different, this is the difference.

Of a truth, experienced investors reasons quite a different way from novice investors since they are still trying to learn and understand investment even though they have started there investment, which is very different from experienced investors who have gathered much knowledge and maintains a certain level of balance to his investment.

However, trying to figure and/or point out what differentiates the two persons may not be too relevant as this thread is more likely concentrated on buying BTC or rather to sell(but the emphasis is on to Buy). I must also add that, be it a novice investor, or an experienced investor, the aim here is to buy Bitcoin and Hodl. The same experience investor was once a novice too, and the novice of newbie investor will one day become an experienced investor if he begins and/or has began his investment journey. So if the novice investor is able to figure out his discretionary income and begin his investment, while gradually accumulating Bitcoin using the DCA strategy, and us able to set parameters around him which will help to guide and protect his investment, been able to Hodl for long, such newbie investor gathers some knowledge which over the years will help him in taking good decisions that will help you strengthen his investment, and at such, he will one day become an experienced investor too.

So be it a newbie or an old investor, the emphasis is to begin to buy buy buy, and not sell sell, as holding Bitcoin in your portfolio for a long time can be very promising in the future since bitcoin is a store of value

It is problematic to be overly generalizing experienced investors and novice investors.  Some folks are fast learners and sometimes folks have experiences in other fields besides investing that can be translated into bitcoin investing.

Some folks also do not learn very fast and even continue to make similar mistakes and/or do not try to learn as they go.. 

Of course one of the reasons that several of us emphasize getting started investing into bitcoin as soon as possible is because we recognize and appreciate the value of experience to help guide a newbie in their bitcoin journey and to make the learning more likely and more concrete.. so surely, experience helps, even though getting experience does not automatically mean that the investor is learning and improving each time he makes a mistake.  Some investors might not even recognize certain mistakes that they had made until several years down the road.

[edited out]

The whole thing is trying to get better with your cashflow management so you can have a smoother accumulation journey. It is understandable that it might take some guys new to investing a while to come to some level of maturity as to handling their cashflow efficiently and even maintaining consistency in their buys. Sometimes it can even take up to a year or several months to come to such a level and even take tampering of your portfolio one, two or even more times to even come to terms with the importance of emergency fund and other backup funds. All these are processes undergone by the new investor before he is able to maintain some kind of balance between his cashflow and accumulating bitcoin correctly.

The investor has to be committed to learning, improving on himself and getting better at managing his cashflow and overtime he would rise above some petty errors which threatens their portfolio, get more experienced and continue to buy and hold bitcoin observing better accumulation practices which would see him go long term in bitcoin

You are correct in your first paragraph regarding the learning process not necessarily being straight forward and surely some folks learn faster than others, too.. .or they have differing temperaments.

Regarding your second paragraph. people can do whatever they like.  Newbies do not have to spend time trying to learn, even though surely many of us know that if we learn along the way, our investment in bitcoin and our cashflow management practices will get stronger and we will have more options regarding our finances and our psychology based on our having had strengthened our organization of our cashflow and even our back up funds and even figuring out ways to go through the ups and the downs of the markets through a whole cycle, and having stronger finances and better psychology gives us more abilities to become more aggressive in our bitcoin accumulation because we have put good systems and practices in place..   There are benefits to learning, yet we don't have to learn in order to invest in bitcoin.

It may also be true that we may well continue to make mistakes a couple of cycles into our bitcoin investing and cashflow management journey..... and we might not even realize certain ways that we are putting our bitcoin in jeopardy and/or risk and/or how we are contributing to our own stress until maybe we make some mistakes (or we come to realize that we had made some mistakes.. and the mistakes might have had stemmed quite a ways back, but then we don't realize the mistakes that we made until later down the road).

I am not against learning and trying hard and self improvement, yet these have to come from within the person, so in that regard, I am against telling people what they have to do, even though there are better paths forward (and better practices) to improve our likeliness of success and to strengthen our systems, yet at the same time, people do not have to do things perfectly or in accordance with what others are saying in order to have decently good odds of being successful in bitcoin.

[Jeremiah001]

There is nothing that comes with a 100% guarantee in investing bitcoin when it comes to investment, but what really matters bitcoin is volatile it's confidence that gives long term holders, it is not about expecting quick profits it's about knowing the rules well enough to remain consistency and calm through the volatility, a lot of people don't invest bitcoin because they are only for short term and also look a long term as a good alternative but they invest because history has shown that is patience usually pays off bitcoin has a very good track record that lets people level headed during the rough dips.

There is no 100% guarantee in any investment. Bitcoin's volatility is not a problem. This is a feature of Bitcoin. This problem occurs when the investor does not have the financial and mental structure. And if someone else invests in Bitcoin and loses, he will lose a maximum of 100%, but the possibility of profit here is several times higher. As is the case with any other investment, it is less. Even if you analyze past statistics, it is clear that if you invest for a long time, the possibility of profit is higher. That is why the most important thing is the patience of an investor, the right mentality, income flow and fund management.

Nothing ever comes with 100% certainty, similarly Bitcoin investment is not risk free and is not certain, there is definitely risk but when you hold on for the long term, your chances of success will be higher, you can make a profit despite the risk. Looking at history, it can be seen that those who invested patiently for a long time, had a higher chance of profit and are even still in a lot of profit. That is why the most important thing in investing is patience, the right mindset, and stability, these lead to positive possibilities.

The volatility of Bitcoin is generally regarded as a threat, but it can be a benefit to long-term investors. There is no surety of any investment and a loss can always be made, yet experience tells us that the patient holders are likely to make substantial profits in the long run. The appropriate attitude, constant income, and strict financial management are the key to success as they enable investors to remain themselves in times of market decline and not to act on the spur of the moment. This is often a problem among short-term traders who seek quick profits, as those who know the market, who are constant and long-term accumulators can play volatility to their advantage. By far, the most significant aspects in profitable investing in Bitcoin are patience and discipline.

Basically Bitcoin has been a good source of investment it is reliable depending on how you understand the terms of your investment, short term method of investment is good, as an investors in Bitcoin the volatile consistency of it in market exchange something help the long term investors to be confident of not losing all, but one thing about investments is that no investment is 100% guarantee either long term investment or short term investment, but the primary aspect of investment is that you should understand the principle of your investment, by learning more of the business strategy, that's the best formula that help to reduce the risk of losing your investment.

[MusaPk]

Exactly, emergency funds should only be use for emergency and nothing more because if emergency arises and there is no funds to use to remedy it, the only option left would be to temper with Bitcoin that is in their portfolio because of lack of preparation and poor orientation because someone who is orientatied would know that he needs to keep emergency funds in case of emergency and the problem again is that some folks are very negligence they don't really care about emergency funds and they feel they can handle everything when something comes up but a wise and Real investor will never wait for this time before they prepare.

Emergency funds are must for everyone whether he is investing in Bitcoin or not. It's a good practise to separate some money for emergency funds that we can use in case of emergency. Life is very uncertain and emergencies don't arrive with prior intimation that's why we need to remain ready to face them. We can invest in Bitcoin with consistency and for long term only if we have money to fulfil daily requirements and emergency funds to counter the emergencies. That's why it's recommended to invest in Bitcoin with discretionary income.   

[Hardyrobust]

Exactly, emergency funds should only be use for emergency and nothing more because if emergency arises and there is no funds to use to remedy it, the only option left would be to temper with Bitcoin that is in their portfolio because of lack of preparation and poor orientation because someone who is orientatied would know that he needs to keep emergency funds in case of emergency and the problem again is that some folks are very negligence they don't really care about emergency funds and they feel they can handle everything when something comes up but a wise and Real investor will never wait for this time before they prepare.

Emergency funds are must for everyone whether he is investing in Bitcoin or not. It's a good practise to separate some money for emergency funds that we can use in case of emergency. Life is very uncertain and emergencies don't arrive with prior intimation that's why we need to remain ready to face them. We can invest in Bitcoin with consistency and for long term only if we have money to fulfil daily requirements and emergency funds to counter the emergencies. That's why it's recommended to invest in Bitcoin with discretionary income.  

For sure , emergency funds is not just something that anyone that call himself an investor should undermine . There is need for all investors to have emergency funds if they want to actualise there long term plans of holding bitcoin. Without emergency funds the guarantee of holding bitcoin for long term won't be there because when we are hit with emergency our bitcoin holdings will become our emergency funds. This will be the alternative to tap hands into our bitcoin holdings since we fail to setup an emergency funds before the real emergency crop up.

[Grace333]

Exactly, emergency funds should only be use for emergency and nothing more because if emergency arises and there is no funds to use to remedy it, the only option left would be to temper with Bitcoin that is in their portfolio because of lack of preparation and poor orientation because someone who is orientatied would know that he needs to keep emergency funds in case of emergency and the problem again is that some folks are very negligence they don't really care about emergency funds and they feel they can handle everything when something comes up but a wise and Real investor will never wait for this time before they prepare.

Emergency funds are must for everyone whether he is investing in Bitcoin or not. It's a good practise to separate some money for emergency funds that we can use in case of emergency. Life is very uncertain and emergencies don't arrive with prior intimation that's why we need to remain ready to face them. We can invest in Bitcoin with consistency and for long term only if we have money to fulfil daily requirements and emergency funds to counter the emergencies. That's why it's recommended to invest in Bitcoin with discretionary income.   

This is one of those things people like to ignore until life turn around against them. emergency funds are not just for Bitcoin investors, they are for everyone. Life does not give notice before problems comes. One unexpected bill maybe health issue and suddenly your long term investment is gone. That is usually how people end up hating Bitcoin or any investment, not because it failed, but because they were forced to exit at the wrong time.

If you have not cover your daily need and has put some money set aside for emergencies, investing will be stressful.  You will start watching price every minute, hoping it pumps because you need it to pump. That is not investing, you are just pressuring yourself. Emergency fund gives peace of mind. It allows you to invest and continue investing without fear.

[arwin100]

Exactly, emergency funds should only be use for emergency and nothing more because if emergency arises and there is no funds to use to remedy it, the only option left would be to temper with Bitcoin that is in their portfolio because of lack of preparation and poor orientation because someone who is orientatied would know that he needs to keep emergency funds in case of emergency and the problem again is that some folks are very negligence they don't really care about emergency funds and they feel they can handle everything when something comes up but a wise and Real investor will never wait for this time before they prepare.

Emergency funds are must for everyone whether he is investing in Bitcoin or not. It's a good practise to separate some money for emergency funds that we can use in case of emergency. Life is very uncertain and emergencies don't arrive with prior intimation that's why we need to remain ready to face them. We can invest in Bitcoin with consistency and for long term only if we have money to fulfil daily requirements and emergency funds to counter the emergencies. That's why it's recommended to invest in Bitcoin with discretionary income.   

This is one of those things people like to ignore until life turn around against them. emergency funds are not just for Bitcoin investors, they are for everyone. Life does not give notice before problems comes. One unexpected bill maybe health issue and suddenly your long term investment is gone. That is usually how people end up hating Bitcoin or any investment, not because it failed, but because they were forced to exit at the wrong time.

If you have not cover your daily need and has put some money set aside for emergencies, investing will be stressful.  You will start watching price every minute, hoping it pumps because you need it to pump. That is not investing, you are just pressuring yourself. Emergency fund gives peace of mind. It allows you to invest and continue investing without fear.

Unfortunately people miss to think about having this since some people think about that they didn't need it for now, but regret when emergency situation came and think that they really need to have that. That's the reason why before everything comes late they better think about creating something that can secure them financially. Since if they are well financial discipline person there chances to survive on long challenges by doing long term investment on Bitcoin is provably high.

By having emergency funds would provably give peace of mind to anyone since they won't have this episode which they think about getting funds, because they already have available emergency funds to use for serious situations.

[Sticky Bomb]

Basically Bitcoin has been a good source of investment it is reliable depending on how you understand the terms of your investment, short term method of investment is good, as an investors in Bitcoin the volatile consistency of it in market exchange something help the long term investors to be confident of not losing all, but one thing about investments is that no investment is 100% guarantee either long term investment or short term investment, but the primary aspect of investment is that you should understand the principle of your investment, by learning more of the business strategy, that's the best formula that help to reduce the risk of losing your investment.

You are new and you can do better at doing your due diligence to learn first instead of saying things you do not really understand.

Short-term investment is not the best shot at bitcoin, bitcoin is an investment designated for long-term involvement if you wish to gets good profits in your investment. Short-term investors can be also described as traders since they are interested in getting quick profits from their bitcoin investment and they end up settling for less compared to those who go long term into bitcoin, you can check from bitcoin price history and see how it appreciates on the long term and be able to come to conclusion of who enjoys more profits between short-term investors and long-term investors. Of course you'll see its long-term investors (those go stay invested into bitcoin for 4-10 years or more). Bitcoin is for the long-term and it is important that you as a newbie should start off your investment with the right mindset towards bitcoin.

Most of those who go short-term in bitcoin are investing wrongly in it and they are using money meant for their expenses to try their luck at capturing quick profits if there is a price hike. There are some inherent dangers associated with this trading practices too since they may be needing the money at a time bitcoin is experiencing a negative price correction and they are forced to sell at a loss to service their needs.

Bitcoin investment should be approached with discretionary income which is income that is remaining after taking care of your expenses and funds you would not be needing anytime soon. It is also important to build backup funds like emergency fund and other variances while investing into bitcoin to protect your investment from being tampered within your holding period in case of unforeseen circumstances and force you to to sell much BTC too soon. Those who trade bitcoin rather than investing in it always have higher chances of missing out on the good profits that comes when bitcoin price compounds on your investment.

[IceLincoln]

You also don’t need to be interested in bitcoin because you’re willing to lose your money, that interest sounds more like gambling or trading.

I don't get you, how will you involve yourself in an investment that you don't have interest in. That's impossible, because you must have at least a very tiny interest maybe, after someone must have talked to you and cleared 10% of your doubt about that investment.

A new investor must have little interest in bitcoin before he can invest if not he wouldn't be serious about it and I don't see how 'intereste' pointed towards gambling or trading. When you have inteerest in something is when you will take your time to do it well by learning more on how it works.

If you talk about confidence in bitcoin, I can understand that and not interest. Anyone that doesn't have the interest in bitcoin wouldn't invest even if you force them and show them proves and reasons why they should invest.

 However, there are people that have interest to invest but lack the confidence in bitcoin such investors should start their investment with little amount of money like $10 and above while the learn about bitcoin at the same time to understand more about the market through and regular DCA, and that will increase their confidence. When they have gotten some confidence, they can increase their DCA amount.

Did you read the post I was replying to? He talked about having interest in bitcoin because he’s willing to lose his money. Yeah having interest in bitcoin or anything you want to invest in is good but what kind of interest do you have?, what drives that interest?. You can base your interest because you’re willing to lose your money, it’s like you’re gambling it just for fun.
Maybe I didn’t put that statement well to be understandable, sorry about that.

[7juju]

Emergency funds are must for everyone whether he is investing in Bitcoin or not.

For no coiners having emergency is a choice and not a must. The essence why we emphasis that investors should have emergency funds is to protect their bitcoin investment, so if you don't have bitcoin you will decide whether to have emergency funds or to have. Since you already know the concept behind emergency funds, there is no need stressing further. A no coiner who have his money saved up in cash deposit will always fall back to his cash reserve to solve his emergencies. You only set up an emergency funds when you have an investment you want to protect for a long time that you don't want to tamper with.

[Finebone]

Emergency funds are must for everyone whether he is investing in Bitcoin or not.

For no coiners having emergency is a choice and not a must. The essence why we emphasis that investors should have emergency funds is to protect their bitcoin investment, so if you don't have bitcoin you will decide whether to have emergency funds or to have. Since you already know the concept behind emergency funds, there is no need stressing further. A no coiner who have his money saved up in cash deposit will always fall back to his cash reserve to solve his emergencies. You only set up an emergency funds when you have an investment you want to protect for a long time that you don't want to tamper with.

I mostly agree with your sentiment, but i think that both of you are right from the angle you both are looking at it from, and since you are looking at it from the angle of an investment, you have to be serious about putting it in place, for the security of your bitcoin investment, but if you are not a holder,  you still need an emergency funds in your life but not on a larger scale like someone that is investing, since emergencies can still come and you will need it to fall back to when your salary has not been paid.

[Kelward]

Emergency funds are must for everyone whether he is investing in Bitcoin or not.

For no coiners having emergency is a choice and not a must. The essence why we emphasis that investors should have emergency funds is to protect their bitcoin investment, so if you don't have bitcoin you will decide whether to have emergency funds or to have. Since you already know the concept behind emergency funds, there is no need stressing further. A no coiner who have his money saved up in cash deposit will always fall back to his cash reserve to solve his emergencies. You only set up an emergency funds when you have an investment you want to protect for a long time that you don't want to tamper with.

How can somebody say emergency funds is a must? Are you going to report somebody to the authority because they don't have an emergency funds? What you can say is that emergency funds are essential for everybody especially when you have a long term project like Bitcoin investment that you won't like emergency expenses to compel you to sell prematurely. Anybody that has money to buy Bitcoin can no doubt do so whether you have discretionary funds or not but without discretionary funds from where emergency funds and Bitcoin accumulation funds are supposed to come out from you are not qualified for long term hodl. Financial management is important if you want to succeed to be buying and hold for a long term, without extra money from your income to be funding your discretionary funds you cannot succeed as "a long term investor"

[Shineup]

Emergency funds are must for everyone whether he is investing in Bitcoin or not.

For no coiners having emergency is a choice and not a must. The essence why we emphasis that investors should have emergency funds is to protect their bitcoin investment, so if you don't have bitcoin you will decide whether to have emergency funds or to have. Since you already know the concept behind emergency funds, there is no need stressing further. A no coiner who have his money saved up in cash deposit will always fall back to his cash reserve to solve his emergencies. You only set up an emergency funds when you have an investment you want to protect for a long time that you don't want to tamper with.

With all sincererity having an emergency funds should be considered a necessity and not compulsory even when you don't have an investment that you are protecting, having an emergency funds even without having an investment you are protecting will give us a higher level of financial stability naturally it gives another layer of protecting your financial responsibilities as a reference purpose, a no coiner that have a saved up money in cash can as well have a separate funds as an emergency funds which will serve for the purposes of emergency when the needs arises which is different from just deeping your hands in to your saved up money.

[Joy- maker]

Emergency funds are must for everyone whether he is investing in Bitcoin or not.

For no coiners having emergency is a choice and not a must. The essence why we emphasis that investors should have emergency funds is to protect their bitcoin investment, so if you don't have bitcoin you will decide whether to have emergency funds or to have. Since you already know the concept behind emergency funds, there is no need stressing further. A no coiner who have his money saved up in cash deposit will always fall back to his cash reserve to solve his emergencies. You only set up an emergency funds when you have an investment you want to protect for a long time that you don't want to tamper with.

Can you even hear yourself speak?  Buddy wether you are a no coiner or not Emergency fund is very essential to have as a human being, because you need it just in case Emergencies arises, so that there will be emergency fund to handle those emergencies.
And When it comes to investment wether you are investing in Bitcoin or on other stuffs you still emergency fund to back it up to avoid tempering with your investment. So specifically saying that only those who are investing in bitcoin are to have emergency fund is very wrong and misleading. Although having emergency fund is a choice and not my force, but the way you placed your sentence doesn't seat well with me.

[Bluedrem]

Emergency funds are must for everyone whether he is investing in Bitcoin or not. It's a good practise to separate some money for emergency funds that we can use in case of emergency. Life is very uncertain and emergencies don't arrive with prior intimation that's why we need to remain ready to face them. We can invest in Bitcoin with consistency and for long term only if we have money to fulfil daily requirements and emergency funds to counter the emergencies. That's why it's recommended to invest in Bitcoin with discretionary income.   

Emergency funds are important but there are many people who cannot create an emergency fund. The money they earn is spent on meeting their basic needs. In that case, when urgent moments come in their lives later, they have to face various problems. For this reason, it is often said that if possible, create at least an emergency fund by reducing the basic needs as much as possible. A person should invest only when he already has an emergency fund ready. Especially in the case of investing in Bitcoin. Because if a person does not have an emergency but he invests in Bitcoin, then the investment in Bitcoin will not be long-term. And if the investment in Bitcoin is not long-term, the possibility of earning profit from it also decreases because it may need to be sold at any moment. It is necessary to sell it at a time when Bitcoin is at a price much lower than its professional level, but that investment will be damaged. Therefore, the prerequisite for a person to invest in Bitcoin is to prepare an emergency fund.

[Emjay24]

If you have not cover your daily need and has put some money set aside for emergencies, investing will be stressful.  You will start watching price every minute, hoping it pumps because you need it to pump. That is not investing, you are just pressuring yourself.

For a person who has not yet covered his expenses and is apportioning funds for emergency, he is doing a very wrong thing and would still withdraw those funds to settle his needs when the time comes and if such a person is investing into bitcoin, then he is investing wrongly since it is obvious he does not have discretionary income. Being able to settle your needs in your greatest responsibility and when your cashflow is such that you can take care of your expenses comfortably and still have discretionary income remaining, then you can start investing in bitcoin and building out backup funds.

Emergency fund gives peace of mind. It allows you to invest and continue investing without fear.

Talking about peace of mind, it is achieved by investing with your discretionary income since you wouldn't be under any pressure while investing and you are doing so with money you would not be needing anytime soon and as such you can go long term in holding bitcoin. Emergency fund is also necessary to be built alongside your accumulating bitcoin since it would be there as a lifeline preventing your investment from being tampered when real emergencies shows up.

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A person should invest only when he already has an emergency fund ready. Especially in the case of investing in Bitcoin. Because if a person does not have an emergency but he invests in Bitcoin, then the investment in Bitcoin will not be long-term. And if the investment in Bitcoin is not long-term, the possibility of earning profit from it also decreases because it may need to be sold at any moment. It is necessary to sell it at a time when Bitcoin is at a price much lower than its professional level, but that investment will be damaged.

You do not necessarily need an emergency fund built out prior to your investing into bitcoin, you only need to be sure of having discretionary income. Emergency fund can be built alongside you accumulating bitcoin. A long as you are sure of having discretionary income, you should start, there is no need delaying your bitcoin investment simply because you are putting your emergency fund in place, such delays are not healthy to your accumulation journey and you would miss out on opportunities of getting a descent portfolio for yourself while you are busy stacking up emergency fund at a time you should've started buying and holding bitcoin and getting better at managing your cashflow while you simultaneously build your emergency fund and other variances of backup funds.

It is worse if you are piling up fiat as emergency fund while delaying the start of your accumulation journey, fiat is subject to inflation and depreciation over time and by the time you're done, the value of your fiat may have reduced considerably compared to the level of success you would have recorded if you started out buying and holding bitcoin with available discretionary income.

Therefore, the prerequisite for a person to invest in Bitcoin is to prepare an emergency fund.

No, it is not a pre-requisite, you got this all wrong