Buy Buy Buy or Sell Sell Sell?

[AuchanX]

The only risk management strategy needed while investing in Bitcoin is by  investing from your discretionary income, because in the worst possible scenario, your mental health will not be affected.
Aside that your duty is to just buy and hold, and  then put down measures that may aid your holding capacity, which is having an emergency and reserve funds in place, just in case of real life emergencies.

Maintaining peace of mind is very important for investing in Bitcoin and if we can invest our excess money regularly in a disciplined manner, it will not only give us inner peace but also it will become a big fund to keep in investment for a long time. In addition if we can keep some money aside for our emergencies, I strongly believe that it can be a solution to ensure peace of mind for us.

Investing your entire discretionary income is never a good idea. Investing in Bitcoin does not mean that you will be able to profit from the investment if you hold it for a long time. Invest with the amount of your discretionary income that you can afford to lose. For example, if you invest your entire discretionary income and the price of Bitcoin drops significantly, you will face a huge loss and will be under a lot of financial stress. But when you invest some of your discretionary income, if it goes down, your financial situation will not be as stressed.

So invest with an amount that you can afford to lose. Whenever you invest with emergency money or when you invest outside your risk tolerance for loss, you are gambling in the name of investing.

We know that discretionary income is the money we have that is outside of our essential expenses, savings, and emergency fund. With this money, I can travel, buy gadgets, or invest. So having discretionary income does not mean that I cannot use it all, this statement may not apply to everyone. The real issue is risk tolerance and financial discipline. If we have set aside an emergency fund in advance, are debt-free, and if we have a long-term plan, then in my opinion, investing the entire discretionary income does not automatically become gambling. Because we know that even if we lose this money, our lifestyle will not be affected. I think this is reasonable because nowadays it is quite difficult to keep cash on hand to survive inflation, unless that money is actually needed. So the main question should be, will losing this money disrupt my life? If the answer is no, then the decision is part of personal financial freedom.
Not everyone's financial situation is the same.  Therefore, it is not realistic to judge everyone's investment strategy by a single rule.

[ruykeri]

Of course, if we want to maintain peace of mind and discipline in our Bitcoin investment, we must first control ourselves. If we only invest the money that will not cause problems in our daily lives even if we lose it, then the volatility of the market will not be able to break us mentally. To invest regularly and systematically, we must use the DCA strategy that will avoid us from losses and reduce risks. Moreover, it is very important for us to have an emergency fund in our investments. When the market goes down, it is very useful and we can buy at the right time. Buying from the depths of the market is not risky. We must always control our own risk for risk structure and peace of mind that will lead us forward according to a good plan, along with that, we must control our emotions and have sufficient patience while investing.

It doesn't matter if the Bitcoin market is up or down. The problem is when you sell your holdings. If the price of Bitcoin goes down, the valuation of your Bitcoin assets will only look lower. If you don't sell your Bitcoin, it will likely go up in the future, but if you sell it, you will lose it. The problem is not that the price is up or down, but the problem is when you are forced to sell your Bitcoin.

[Joeboy]

It doesn't matter if the Bitcoin market is up or down. The problem is when you sell your holdings. If the price of Bitcoin goes down, the valuation of your Bitcoin assets will only look lower. If you don't sell your Bitcoin, it will likely go up in the future, but if you sell it, you will lose it. The problem is not that the price is up or down, but the problem is when you are forced to sell your Bitcoin.

Folks may have whatever personal reason that forces them to sell their holding before getting to their timeline... Whatever that reason is, I still think that it is a bad idea to for them to sell their Bitcoin because in doing so they can interrupt with the long term compounding effect of their accumulation, and honestly, it may even be very difficult for folks to get Bitcoin at exact the same price they got it for unless they begin to start timing the market, which is an entirely wrong move..

The better alternative to selling your Bitcoin that you spent years accounting is to try adjusting personal expense into a very minimal level and/or building some emergency funds....

[Barikui1]

Folks may have whatever personal reason that forces them to sell their holding before getting to their timeline... Whatever that reason is, I still think that it is a bad idea to for them to sell their Bitcoin because in doing so they can interrupt with the long term compounding effect of their accumulation, and honestly, it may even be very difficult for folks to get Bitcoin at exact the same price they got it for unless they begin to start timing the market, which is an entirely wrong move..

When your Bitcoin investment is sold when it's not your will to do so, it shows lack of proper planning or not making provisions to avoid a scenario like that, because when situation or emergency force you to sell off or temper with your holdings, the possibility of selling at the wrong time, very cheap or even more than necessary will be extremely high because it takes you unaware, that is the main reason we always talked about putting down emergency and reserve funds in place, so that emergencies will never force you to sell or temper with your bitcoin investment when you never wanted to, because at this time of the market, we should be accumulating more, not selling the small one's we have already accumulated due to emergencies.

[alankasman]

When your Bitcoin investment is sold when it's not your will to do so, it shows lack of proper planning or not making provisions to avoid a scenario like that, because when situation or emergency force you to sell off or temper with your holdings, the possibility of selling at the wrong time, very cheap or even more than necessary will be extremely high because it takes you unaware, that is the main reason we always talked about putting down emergency and reserve funds in place, so that emergencies will never force you to sell or temper with your bitcoin investment when you never wanted to, because at this time of the market, we should be accumulating more, not selling the small one's we have already accumulated due to emergencies.

That's right and I agree with what you said about that. That's what we should do setting aside a small amount for an emergency fund. Our conditions and situations won't always be like they are now. Sometimes they can decline too much. I don't think everyone thinks about it so it's perfectly reasonable for us to discuss this here. Our goal is for many to learn from the knowledge we're discussing here and what the emergency fund is used for.

Therefore what we have to do is that we as people who invest in Bitcoin of course before starting of course we need strong preparation both mentally and financially stable and we have prepared the funds that we discussed earlier namely emergency funds because by having these funds I think we do not need to sell Bitcoin because currently the price does not support selling but rather tends to buy by accumulating more BTC but the thing that makes our discussion is that there is no need to sell Bitcoin because the bitcoin is owned by us who have it so that with the funds saved of course these funds serve as emergency funds that become our tool to help us when the position and situation we experience are at its deepest distance, in essence what we need to do is set aside a little this has the potential to affect our safety as well in investing in Bitcoin.

[Tongley]

That's right and I agree with what you said about that. That's what we should do setting aside a small amount for an emergency fund. Our conditions and situations won't always be like they are now. Sometimes they can decline too much. I don't think everyone thinks about it so it's perfectly reasonable for us to discuss this here. Our goal is for many to learn from the knowledge we're discussing here and what the emergency fund is used for.

Therefore what we have to do is that we as people who invest in Bitcoin of course before starting of course we need strong preparation both mentally and financially stable and we have prepared the funds that we discussed earlier namely emergency funds because by having these funds I think we do not need to sell Bitcoin because currently the price does not support selling but rather tends to buy by accumulating more BTC but the thing that makes our discussion is that there is no need to sell Bitcoin because the bitcoin is owned by us who have it so that with the funds saved of course these funds serve as emergency funds that become our tool to help us when the position and situation we experience are at its deepest distance, in essence what we need to do is set aside a little this has the potential to affect our safety as well in investing in Bitcoin.

We do not need any kind of financial stability to invest. A person whose source of income is very unstable can invest if he is able to find discretionary income from this source of income. To start investing, we need discretionary income and basic knowledge about Bitcoin.

Creating an emergency fund is not something that will be able to protect your investment 100% from unexpected financial disasters. If your financial crisis is much bigger than your emergency fund, then you will not be able to deal with the financial crisis with your emergency fund. So you can divide your fund into three layers such as: emergency fund, reserve fund, cash fund. If you are able to divide your fund in this way through three layers, then you will be able to deal with very big financial crises.

that there is no need to sell Bitcoin because the bitcoin is owned by us who have it so that with the funds saved of course these funds serve as emergency funds that become our tool to help us when the position and situation we experience are at its deepest distance,

Never use Bitcoin as an emergency fund. Because the Bitcoin market is very unstable, it is impossible to say when what will happen in the market. If the price of Bitcoin drops significantly and you experience financial difficulties at that time, you may be unable to cope with the financial crisis or may have to sell Bitcoin at a loss to cope with the financial crisis. Therefore, never use Bitcoin as an emergency fund.

[Grace333]

Folks may have whatever personal reason that forces them to sell their holding before getting to their timeline... Whatever that reason is, I still think that it is a bad idea to for them to sell their Bitcoin because in doing so they can interrupt with the long term compounding effect of their accumulation, and honestly, it may even be very difficult for folks to get Bitcoin at exact the same price they got it for unless they begin to start timing the market, which is an entirely wrong move..

When your Bitcoin investment is sold when it's not your will to do so, it shows lack of proper planning or not making provisions to avoid a scenario like that, because when situation or emergency force you to sell off or temper with your holdings, the possibility of selling at the wrong time, very cheap or even more than necessary will be extremely high because it takes you unaware, that is the main reason we always talked about putting down emergency and reserve funds in place, so that emergencies will never force you to sell or temper with your bitcoin investment when you never wanted to, because at this time of the market, we should be accumulating more, not selling the small one's we have already accumulated due to emergencies.

Sometimes it's not only emergencies that forces people to sell their bitcoin, one could possibly sell their bitcoin due to emotion like buying at peak price and experience price go down to lows like this. Those who didn't make use of proper accumulation strategy are likely to panic. But this is why we discuss about using your discretionary income to accumulate in this thread, that way you have less to lose compared to when you invest with what you can't afford to lose. I like the idea of thinking of your bitcoin investment as an expenses since it's coming from your discretionary income, and that you might not get back. If anyone develops such mindset it would be difficult for them to develop emotional panicking that will cause them the alter the course of their long term investment plan.

[Cossyblack]

You are the one complicating something that is as simple as this. You having discretionary income is not the exact same as you having that exact amount of discretionary you could afford to loose.

You can have a $550 as discretionary income and despite that can't afford to loose the whole because you newly began bitcoin and you are yet unable to recognize its long term worth.

stop complicating yoursself discretionary is discretionary. If your discretionary income isn't something you can afford to lose then it isn't discretionary because your discretionary income should be money you can afford lose. Your discretionary income can be anymount as long as it is money you can afford to lose. Yes you can invest with whatever amount you can afford to lose. I think the $550 you have isn't your discretionary since it is money you can't afford to lose yet. That is why most people can't hold for the long term because they invest with money they can't afford to lose.

[Proty]

You are the one complicating something that is as simple as this. You having discretionary income is not the exact same as you having that exact amount of discretionary you could afford to loose.

You can have a $550 as discretionary income and despite that can't afford to loose the whole because you newly began bitcoin and you are yet unable to recognize its long term worth.

stop complicating yoursself discretionary is discretionary. If your discretionary income isn't something you can afford to lose then it isn't discretionary because your discretionary income should be money you can afford lose. Your discretionary income can be anymount as long as it is money you can afford to lose. Yes you can invest with whatever amount you can afford to lose. I think the $550 you have isn't your discretionary since it is money you can't afford to lose yet. That is why most people can't hold for the long term because they invest with money they can't afford to lose.

Exactly discretionary income are leftover cash that we can dispense without it affecting our daily needs/ expenses. Spending such an amount of money won't actually affect us. This what should be invested in bitcoin. However, what ever amount of money no matter how little it maybe that we can't afford to lose isn't discretionary income.
So whatever amount you can afford to lose after meeting your daily needs is your discretionary income. So you are right about discretionary income been any amount that we can afford to lose.

[Razmirraz]

Snip.

Exactly discretionary income are leftover cash that we can dispense without it affecting our daily needs/ expenses. Spending such an amount of money won't actually affect us. This what should be invested in bitcoin. However, what ever amount of money no matter how little it maybe that we can't afford to lose isn't discretionary income.
So whatever amount you can afford to lose after meeting your daily needs is your discretionary income. So you are right about discretionary income been any amount that we can afford to lose.

It is highly recommended to use discretionary income to invest in Bitcoin because this source of funds is ready to cover losses without affecting daily life. When you want to invest in Bitcoin, you not only need knowledge, but you also need to prepare a clear source of funds to avoid disrupting your investment later on. If you don't have discretionary income yet, you need to prioritize your daily needs before investing.
So, the best way to manage discretionary income is by investing in Bitcoin as it has huge profit potential and can provide significant returns. Additionally, discretionary income can also help you be more disciplined in investing because it doesn't divert money from other needs.

[laspol65]

Of course, if we want to maintain peace of mind and discipline in our Bitcoin investment, we must first control ourselves. If we only invest the money that will not cause problems in our daily lives even if we lose it, then the volatility of the market will not be able to break us mentally. To invest regularly and systematically, we must use the DCA strategy that will avoid us from losses and reduce risks. Moreover, it is very important for us to have an emergency fund in our investments. When the market goes down, it is very useful and we can buy at the right time. Buying from the depths of the market is not risky. We must always control our own risk for risk structure and peace of mind that will lead us forward according to a good plan, along with that, we must control our emotions and have sufficient patience while investing.

It doesn't matter if the Bitcoin market is up or down. The problem is when you sell your holdings. If the price of Bitcoin goes down, the valuation of your Bitcoin assets will only look lower. If you don't sell your Bitcoin, it will likely go up in the future, but if you sell it, you will lose it. The problem is not that the price is up or down, but the problem is when you are forced to sell your Bitcoin.

Currently, those who will sell Bitcoin at this correction moment are mainly weak hands, weak investors are panicking, due to which they are giving up Bitcoin investment in the greed of fiat money. Therefore, if you keep Bitcoin investment for a long time, it is guaranteed that it will increase, those who are long-term investors are currently taking the opportunity to buy. And by following the DCA method, Bitcoin is being completed in long-term holding.

[Grease5000]

If your goal is to  accumulate   and hold Bitcoin for the long term, then price fall should not automatically trigger fear. Your reaction should be strategy based. Bitcoin price has drop so many times in its history and still make new high afterward. Your long term  focus should be adoption growth. And if your original intention of buying Bitcoin haven't change price volatility alone is not a reason to panic.

Sticking to a particular strategy in one quest to accumulate bitcoin with the intention of holding  for a long term  is very important. If one is using DCA investor should be able to stick to the following steps.

::Keep  at your scheduled time.
::Lower price should equal to more BTC per dollar.
::If you invested in lump Sum  avoid panic selling.

For one to be able to accumulate bitcoin successfully  one must have a discretionary income income in which when touch would trigger any emotional response. And the availability of an emergency fund is very important. Finally one should be able to control his emotions most time people are tempted to sell off the Bitcoin share when drop not knowing that the market reward patience, confidence and long term goal over emotion.

[Showlove01]

Of course, if we want to maintain peace of mind and discipline in our Bitcoin investment, we must first control ourselves. If we only invest the money that will not cause problems in our daily lives even if we lose it, then the volatility of the market will not be able to break us mentally. To invest regularly and systematically, we must use the DCA strategy that will avoid us from losses and reduce risks. Moreover, it is very important for us to have an emergency fund in our investments. When the market goes down, it is very useful and we can buy at the right time. Buying from the depths of the market is not risky. We must always control our own risk for risk structure and peace of mind that will lead us forward according to a good plan, along with that, we must control our emotions and have sufficient patience while investing.

It doesn't matter if the Bitcoin market is up or down. The problem is when you sell your holdings. If the price of Bitcoin goes down, the valuation of your Bitcoin assets will only look lower. If you don't sell your Bitcoin, it will likely go up in the future, but if you sell it, you will lose it. The problem is not that the price is up or down, but the problem is when you are forced to sell your Bitcoin.

Currently, those who will sell Bitcoin at this correction moment are mainly weak hands, weak investors are panicking, due to which they are giving up Bitcoin investment in the greed of fiat money. Therefore, if you keep Bitcoin investment for a long time, it is guaranteed that it will increase, those who are long-term investors are currently taking the opportunity to buy. And by following the DCA method, Bitcoin is being completed in long-term holding.

People who are selling or panicking are not really weak investors but rather they are either traders or people without the knowledge and understanding of how Bitcoin works because being weak won't make someone to panick or sell but when someone is investing with the mindset of quick profit or gain and unfortunately the market is not going as expected they will surely panic or sell and sane thing when someone used what they can not afford to lose because of lack of knowledge they will be tempted to sell when there is Dip or challenge so we should always use our discretionary and have long term mentality.

[Pandorak]

(...)

Currently, those who will sell Bitcoin at this correction moment are mainly weak hands, weak investors are panicking, due to which they are giving up Bitcoin investment in the greed of fiat money. Therefore, if you keep Bitcoin investment for a long time, it is guaranteed that it will increase, those who are long-term investors are currently taking the opportunity to buy. And by following the DCA method, Bitcoin is being completed in long-term holding.

I am sure, the fear of greater losses is a compelling reason why they dare to sell at a loss, and this is usually done by inexperienced traders or investors. Another reason may be related to the funds used to buy, as they often use funds that should not be used (living expenses), in the hope that prices will rise in the near future, which is the wrong approach. The reality is that we cannot know for sure when the price of Bitcoin will rise or fall. Therefore, the best course of action is to continue buying, but it is crucial to always use funds that you can afford to lose (discretionary funds), so that your investment remains safe even if the price drops.

[JayJuanGee]

It doesn't matter if the Bitcoin market is up or down. The problem is when you sell your holdings. If the price of Bitcoin goes down, the valuation of your Bitcoin assets will only look lower. If you don't sell your Bitcoin, it will likely go up in the future, but if you sell it, you will lose it. The problem is not that the price is up or down, but the problem is when you are forced to sell your Bitcoin.

Folks may have whatever personal reason that forces them to sell their holding before getting to their timeline... Whatever that reason is, I still think that it is a bad idea to for them to sell their Bitcoin because in doing so they can interrupt with the long term compounding effect of their accumulation, and honestly, it may even be very difficult for folks to get Bitcoin at exact the same price they got it for unless they begin to start timing the market, which is an entirely wrong move..

Generally speaking, people do not sell bitcoin in order to repurchase at the price that they had gotten the bitcoin, but instead, they are more likely (and more commonly) wanting to buy back at a price that was less than the amount that they sold it for.

The better alternative to selling your Bitcoin that you spent years accounting is to try adjusting personal expense into a very minimal level and/or building some emergency funds....

You are probably correct that a better approach for anyone trying to accumulate bitcoin is to stay focused on ongoing buying rather than believing that they can accumulate bitcoin through selling.  When folks sell their bitcoin with an expectation of buying back cheaper, they are gambling in regards to their stash size, which may or may not end up resulting in their ability to accumulate more bitcoin - rather than staying focused on ongoing accumulation through ongoing buying only .. and also not getting deterred into waiting techniques that may well end up causing them to fail/refuse to be "in" the market during those not so common (and mostly unexpected) times in which bitcoin goes shooting up and does not correct back down to its earlier price levels.

[edited out]

We do not need any kind of financial stability to invest. A person whose source of income is very unstable can invest if he is able to find discretionary income from this source of income. To start investing, we need discretionary income and basic knowledge about Bitcoin.

Creating an emergency fund is not something that will be able to protect your investment 100% from unexpected financial disasters. If your financial crisis is much bigger than your emergency fund, then you will not be able to deal with the financial crisis with your emergency fund. So you can divide your fund into three layers such as: emergency fund, reserve fund, cash fund. If you are able to divide your fund in this way through three layers, then you will be able to deal with very big financial crises.

From where did you get these three categories?

emergency fund and reserve fund already tend to be in cash - or at least in the local currency... so I am not sure, from your point of view, how a cash fund is different from emergency funds and reserve funds.

that there is no need to sell Bitcoin because the bitcoin is owned by us who have it so that with the funds saved of course these funds serve as emergency funds that become our tool to help us when the position and situation we experience are at its deepest distance,

Never use Bitcoin as an emergency fund. Because the Bitcoin market is very unstable, it is impossible to say when what will happen in the market. If the price of Bitcoin drops significantly and you experience financial difficulties at that time, you may be unable to cope with the financial crisis or may have to sell Bitcoin at a loss to cope with the financial crisis. Therefore, never use Bitcoin as an emergency fund.

I agree with your suggestion regarding not using your bitcoin as an emergency fund, even though I don't tend to get too excited about using emphatics, and I am not really clear about how you are suggesting that cash should be (or could be) managed in order to create situations in which there wouldn't be temptations to dip into bitcoin as emergency funds.

You are also pretty new to the forum with only a month, so have you already been buying bitcoin, or are you talking about bitcoin in theory, rather than from personal experiences?

Or maybe you started investing in bitcoin prior to your forum registration date?

You are the one complicating something that is as simple as this. You having discretionary income is not the exact same as you having that exact amount of discretionary you could afford to loose.

You can have a $550 as discretionary income and despite that can't afford to loose the whole because you newly began bitcoin and you are yet unable to recognize its long term worth.

stop complicating yoursself discretionary is discretionary. If your discretionary income isn't something you can afford to lose then it isn't discretionary because your discretionary income should be money you can afford lose.

That is not correct Cossyblack.  Even though the amount that we choose to invest in bitcoin should be an amount that we can afford to lose, that does not mean that we are willing to lose all of our discretionary income, since we can choose to use our discretionary income in three ways: to invest, to save and/or to discretionarily consume.  Each of us chooses how much of our discretionary income that we are ready and willing to invest, and the mere fact that we are able to invest more does not mean that we are willing to invest the whole (100% of our discretionary funds).

Of course there are guys who invest too whimpily or too aggressively, yet hopefully, they are figuring out within their own preferences regarding how much priority they are giving bitcoin and how much they are willing to put into bitcoin from the discretionary funds that they have available any given week.  And they can also change their mind from week to week, and some weeks invest aggressively and other weeks invest whimpily.. . Those are personal choices.

Your discretionary income can be anymount as long as it is money you can afford to lose.

Of course, you know that your discretionary income (or discretionary funds) are the amount of money that is left after accounting for your basic expenses.  Sure, you might have some flexibility in regards to which expenses you consider to be basic, yet frequently, the discretionary income does not tend to be an amount that you choose (except to the extent that you might decide to increase your income by performing additional work or that you might choose to cut some of your expenses in order to cause more funds to become available)..

The amount that you "can afford to lose" is most likely a bit of a psychological amount, which is part of the reason that it is not necessarily an objective amount... .. so for example, maybe a guy buys a pack of cigarettes every single week, and so even though he may well acknowledge that the cigarettes are mostly wants rather than needs, the guy might have already placed a requirement that he is not going to invest into anything until after he has already accounted for his pack of cigarettes for the week.  Even though other guys are going to disagree with him, he has every right to proclaim that he cannot afford to lose his weekly pack of cigarettes  and that his weekly cigarettes has a higher priority to him than buying bitcoin.

Yes you can invest with whatever amount you can afford to lose. I think the $550 you have isn't your discretionary since it is money you can't afford to lose yet. That is why most people can't hold for the long term because they invest with money they can't afford to lose.

Here, at least, you seem to be recognizing, that guys can come to differing conclusions in regards to whether some or all of their $550 of discretionary funds are amounts that they can "afford to lose."  Accordingly, it is probably better than you don't count all discretionary income (funds) as if all discretionary income (funds) are within the category of money that a guy "can afford to lose," especially since their is a certain subjective determination that happens for guys to conclude how much (if any?) of their discretionary income (funds) they are willing to invest on the basis that they are "willing to lose it."

if you keep Bitcoin investment for a long time, it is guaranteed that it will increase,

Bitcoin is not guaranteed to increase - either short term or long term.  You should try to figure out better ways to make your points that does not involve your proclaiming that bitcoin is guaranteed to go up.

[Agbamoni]

It doesn't matter if the Bitcoin market is up or down. The problem is when you sell your holdings. If the price of Bitcoin goes down, the valuation of your Bitcoin assets will only look lower. If you don't sell your Bitcoin, it will likely go up in the future, but if you sell it, you will lose it. The problem is not that the price is up or down, but the problem is when you are forced to sell your Bitcoin.

This is true. What true investors consider is the value of the fraction of Bitcoin we have in our custody, not the price swing. The prince swing isan advantage for traders to take opporunity for quick profits. An investors only want to see their investment grow, thus accumulating in times when the price goes down is of great benefit. And when the price keeps going up, he is to accumulate but most importantly hold the coin for the long run.

[ejikeme24]

So invest with an amount that you can afford to lose. Whenever you invest with emergency money or when you invest outside your risk tolerance for loss, you are gambling in the name of investing.

investing the entire discretionary income does not automatically become gambling. Because we know that even if we lose this money, our lifestyle will not be affected. I think this is reasonable because nowadays it is quite difficult to keep cash on hand to survive inflation, unless that money is actually needed. So the main question should be, will losing this money disrupt my life? If the answer is no, then the decision is part of personal financial freedom.
Not everyone's financial situation is the same.  Therefore, it is not realistic to judge everyone's investment strategy by a single rule.

It looks like you don't get what Gost ms is saying, he never said going all-in is like gambling of course there's nothing wrong if guys decide to go with the whole of their discretionary. guys have the right to figure out what is best for them, and since discretionary income is the left over after all expenses is been figured out, once a guy have  map out some portion for emergency and reserve funds then he have every right to go all-in than going little by little because I don't see any reason for that since they have map out some portion for their emergency and reserve, although it is individuals choice to decide what to do with the left over either to go all-in or to invest little by little after they must have figure their emergency funds and reserve funds.

[Onyeeze]

Never use Bitcoin as an emergency fund. Because the Bitcoin market is very unstable, it is impossible to say when what will happen in the market. If the price of Bitcoin drops significantly and you experience financial difficulties at that time, you may be unable to cope with the financial crisis or may have to sell Bitcoin at a loss to cope with the financial crisis. Therefore, never use Bitcoin as an emergency fund.

But as the price is unstable that is what making bitcoin price to be relevant, the price of Bitcoin is unpredictable and that's why it's difficult to notice what is the next to happen in Bitcoin price, losing for bitcoin investment shouldn't demoralized you not to invest, but invest with caution, at this time the price of Bitcoin is very low, many people will not invest, they will be waiting when the price will fall more, why bitcoin price doesn't wait for anybody, so the market decide on its own, when it will rise and when it will fall, what i want to tell you is that, invest in Bitcoin when you know your minds tells you invest, stop considering the falling factors of bitcoin, if you continue to consider when it will rise and fall, you will not invest on bitcoin

[Call_Me_Guru]

People who are selling or panicking are not really weak investors but rather they are either traders or people without the knowledge and understanding of how Bitcoin works because being weak won't make someone to panick or sell but when someone is investing with the mindset of quick profit or gain and unfortunately the market is not going as expected they will surely panic or sell and sane thing when someone used what they can not afford to lose because of lack of knowledge they will be tempted to sell when there is Dip or challenge so we should always use our discretionary and have long term mentality.

It is a no no to sell your Bitcoin due to dip. When people are accumulating pretty fast and more, someone is planning to sell cheap, that is not wise. As much as everyone is entitled to their decisions, somethings can't just be right, that is automatically selling at a loss. Nothing hurts more. Bitcoin is better planned before investing to avoid issues like this, fear, panic or emergency spending has no place in the world of Bitcoin. Everything Bitcoin must be planned before starting it so that you have the peaceful mind to buy and HODL and not due to anything sell it prematurely because Bitcoin that you see dipping today is the same Bitcoin that you will see pumping higher and higher tomorrow.

[landheer]

Of course, if we want to maintain peace of mind and discipline in our Bitcoin investment, we must first control ourselves. If we only invest the money that will not cause problems in our daily lives even if we lose it, then the volatility of the market will not be able to break us mentally. To invest regularly and systematically, we must use the DCA strategy that will avoid us from losses and reduce risks. Moreover, it is very important for us to have an emergency fund in our investments. When the market goes down, it is very useful and we can buy at the right time. Buying from the depths of the market is not risky. We must always control our own risk for risk structure and peace of mind that will lead us forward according to a good plan, along with that, we must control our emotions and have sufficient patience while investing.

If we implement a system like yours, it will certainly make people successful in long-term investing in BTC. Indeed, many people fail in long-term investing in BTC because they don't do what you said. If you think about it, investing in BTC for the long term seems easy, but the challenges are certainly not small because many people want to get rich quickly from investing in BTC without wanting to go through the long process. Yes, I hope we can all be successful in investing in BTC and hopefully our income in the real world will increase because it will be more comfortable when investing in BTC if we have a large and stable income.