Buy Buy Buy or Sell Sell Sell?

[Qhunman]

Accumulating Bitcoin with money that you need to sort out your basic needs is gambling it's not advisable at all to do this what do you think will happen to your investment if the need arises is it not selling off your Bitcoin short time? Bitcoin investment should be done with our discretionary income no matter how the situation is don't use money that isn't your discretionary income to invest in Bitcoin that's trading and gambling.

Our Basic needs should be our top priority because without cannot live without them. This is why before investing in bitcoin we should have our basic needs sorted out because they are very essential to well being as investors. If our Basic needs or essential are not meet we cannot sustain our bitcoin investment for the long-term because we will be forced to tamper with our bitcoin investment to cover our basic needs. Therefore it is wrong to use money meant to cover our basic needs for investing in bitcoin because we would be forced to sell our bitcoin investment prematurely when our basic needs arises. What we should use for our bitcoin investment is discretionary income, any buying done outside our discretionary income is gambling.

[Futurexxx]

Accumulating Bitcoin with money that you need to sort out your basic needs is gambling it's not advisable at all to do this what do you think will happen to your investment if the need arises is it not selling off your Bitcoin short time? Bitcoin investment should be done with our discretionary income no matter how the situation is don't use money that isn't your discretionary income to invest in Bitcoin that's trading and gambling.

Our Basic needs should be our top priority because without cannot live without them. This is why before investing in bitcoin we should have our basic needs sorted out because they are very essential to well being as investors. If our Basic needs or essential are not meet we cannot sustain our bitcoin investment for the long-term because we will be forced to tamper with our bitcoin investment to cover our basic needs. Therefore it is wrong to use money meant to cover our basic needs for investing in bitcoin because we would be forced to sell our bitcoin investment prematurely when our basic needs arises. What we should use for our bitcoin investment is discretionary income, any buying done outside our discretionary income is gambling.

Yea I agree with you that taking proper care of our basic needs should comes first before we should be talking about investing in Bitcoin, because any investment that is done outside our discretionary income is pure gambling, since we may at a point want to retrieve the money that was used to invest, that is meant for a basic needs, so it's not a good practice. So before we start investing in Bitcoin, figuring out our discretionary income should be our priority because that's the foundation to every successful Bitcoin investment.

[MissNonFall9]

Every one has the right to decide what to do with their  but it's still important to know the risks involved before jumping into any investment Bitcoin or any investment should be done with money you can afford to leave untouched for a while, not money meant for survival or daily expenses that's where so many individuals get it wrong and end up panicking discipline matters just as much as the investment.

It is true that everyone has their own decisions, which play an important role in managing their lives. There are some areas where it is necessary to follow some simple and effective rules for decision making. For example- investing in Bitcoin can be taken. Anyone can invest as they wish, but if they do not follow the right rules, they may be deprived of the real benefits of the investment.

That is, if someone invests in Bitcoin without determining the income under consideration, then that investment will be at risk. Because in the future, they may not be able to hold their investment for a long time. Again, if new investors do not follow the DCA method in the beginning, they may not be able to maintain the continuity of their investment.

To be successful in life, there are some basic and simple rules and regulations, which must be followed. Then, a person has his own foresight and personal thoughts on any matter, which he can apply within these basic and simple rules.

[LOVER BOY 422]

Since the price of Bitcoin is volatile in the short term, it is very common that if you buy Bitcoin with the required amount of money, if you suddenly need that money, you will have to sell your Bitcoin holding. If you are forced to sell at the wrong time, it will be very harmful for your economic condition. But a new investor should not only understand the concept of investing with discretionary income but also they should aware about back up fund . Because if emergency expenses comes in life after investing, then there is a need for a backup fund. Therefore, both discretionary income and backup fund are very important for an investor. If these are strong, the mentality is strong, then it is convenient to hold for a long time.

This means that investing in Bitcoin cannot be done with one source of income, especially since the income we have is sometimes very limited and only sufficient for what is needed for daily needs, so why do I say that we cannot invest with one source that we have? Because when we have accumulated in urgent conditions, of course we have to maximize what we have done, for example, someone has made a Bitcoin purchase but after doing so suddenly there are things that must be resolved suddenly, of course with very minimal income, making that person forced to sell what has been done just to solve the problem he is facing, so it is very difficult for someone who has less income to invest in Bitcoin, this is not that someone cannot invest but it is difficult to develop the ownership of Bitcoin that is held, so for those who invest, of course behind doing it, there must still be an emergency fund as a savior so that what we do with the long term is not disturbed in Bitcoin investments, our goal is to have assets for our future.

You are right in one side but I'm quoting you wrong , when you say someone who has less income can't invest in Bitcoin, this is where my argument is coming from right now.

Their is a hard work quote that says that if you want to shine like the sun , you will burn like the sun , this is encouragement quote that keep me in line in whatever I'm doing, if we all that is into Bitcoin investment listen to your advice that means we can't get to where we are today not even one day listen to know what Bitcoin is all about.
But we where determined to follow the process how is goes with our common sense just as jayjuanGee always said that we should always use our common sense, what ever you have decided to do today nomatter the height of it you must definitely get their .

Bitcoin investment is not actually for the weak rather for the people that is perseverance over it,  just as we all know not everyone who are into Bitcoin investment , but if you have the opportunity to tell someone about Bitcoin never use this words if not you will scared them away.

Remember when things are very difficult just as you said that is where joy comes from , nothing good comes easy, so anyone who has interest can own a Bitcoin nomatter how little he or she started with , don't discourage people rather encourage people to invest because nothing good comes easy.

[The Founding Titan]

Since the price of Bitcoin is volatile in the short term, it is very common that if you buy Bitcoin with the required amount of money, if you suddenly need that money, you will have to sell your Bitcoin holding. If you are forced to sell at the wrong time, it will be very harmful for your economic condition. But a new investor should not only understand the concept of investing with discretionary income but also they should aware about back up fund . Because if emergency expenses comes in life after investing, then there is a need for a backup fund. Therefore, both discretionary income and backup fund are very important for an investor. If these are strong, the mentality is strong, then it is convenient to hold for a long time.

This means that investing in Bitcoin cannot be done with one source of income, especially since the income we have is sometimes very limited and only sufficient for what is needed for daily needs, so why do I say that we cannot invest with one source that we have? Because when we have accumulated in urgent conditions, of course we have to maximize what we have done, for example, someone has made a Bitcoin purchase but after doing so suddenly there are things that must be resolved suddenly, of course with very minimal income, making that person forced to sell what has been done just to solve the problem he is facing, so it is very difficult for someone who has less income to invest in Bitcoin, this is not that someone cannot invest but it is difficult to develop the ownership of Bitcoin that is held, so for those who invest, of course behind doing it, there must still be an emergency fund as a savior so that what we do with the long term is not disturbed in Bitcoin investments, our goal is to have assets for our future.

What you need to understand is that people do not spend the same way, if you are earning less but spending beyond your means because you want to live a good life then yes you won't be able to invest in bitcoin because you won't have any discretionary income to invest with, most people are so obsessed with keeping up appearances thst they do not spend with their means, they order rides rather than taking the public transport, eat st rather expensive places instead of just cooking for themselves, wanting the latest fashion trend forgetting that they are not making nearly enough for that kind of lifestyle, there are cheaper but good brands out there but people still want to use the expensive ones even when they can not afford them then end up complaining about not being able to invest in bitcoin because they aren't making enough when the reality is that they are the cause of their own problems.
Cut down on your expenses, get things you need not things you just feel like buying for the sake of it, burn through your bills less, don't waste electricity when you aren't using it and then you will be able to generate discretionary income from there.
If you are spending within your means but you still can't generate discretionary income then try to increase your income, maybe get a side hustle if you can, only invest with what's from your discretionary income, go beyond your discretionary income and you will end up selling when you didn't have to.

[Gallar]

Those who give various arguments and create problems in Bitcoin investment basically want to be deprived of Bitcoin investment. All those investors are afraid of taking risks, so they fall behind. To invest in Bitcoin, you must take risks, because Bitcoin investment should be like this. You do not only need to be experienced in investing, you can also gain knowledge about Bitcoin along with your Bitcoin investment.
Therefore, Bitcoin investment should be done quickly because as time goes by, you are falling behind, in the current position, according to the DCA method, you repeatedly take the opportunity to buy Bitcoin and keep it for a long time, then you will definitely be successful in Bitcoin investment.

Yes, the point is, a Bitcoin investor must have the courage to start, because that is a very important foundation for investing in Bitcoin. Without the courage to start investing in Bitcoin, no matter how much knowledge a person has acquired, they will certainly not be able to move freely. Because if someone has knowledge but lacks courage, they will certainly be afraid when they try to take direct action. So, the point is, as you said, investing in Bitcoin can be interpreted as taking a risk, because any investment inevitably carries risks, whether large or small.

So,, don't be afraid of risks, because as long as we manage our Bitcoin investments correctly, I believe the risks of investing in Bitcoin can be very minimal. Therefore, we must have the courage to take the first step, and for the second step, we must be brave enough to take risks and step out of our comfort zone. Because if we want to grow, we definitely have to be able to step out of our comfort zone,, and the same is true when investing in Bitcoin.

[Sarah_Jannat42]

We don't need to know everything about bitcoin before investing as it isn't necessary. No one can know everything about bitcoin in a single day. We can get started if have discretionary income and basic knowledge . The level of knowledge you seek can be acquire while investing. even when we invest it doesn't mean we can know everything about bitcoin as bitcoin is still evolving. i Too much knowledge could lead to difficult in getting started. It is better not to know everything since we only needed discretionary income and some basic knowledge to get started. If we have discretionary income available and some basic knowledge  we can get started at once.

Knowledge acquisition varies by subject and nature and hence since Bitcoin is a very popular and relatively safe long term investment, intelligent people do not feel the need to be discouraged by Bitcoin. And I agree with you that people gain a lot of knowledge during the investment period. So we need to learn to earn discretionary income only then we consider it suitable for investment in Bitcoin. And yes, the investment must be long term.

[Salahmu]

This means that investing in Bitcoin cannot be done with one source of income, especially since the income we have is sometimes very limited and only sufficient for what is needed for daily needs, so why do I say that we cannot invest with one source that we have? Because when we have accumulated in urgent conditions,

One source can actually start buying you Bitcoin if you believe it. Low source of income and poor salary has always been the blame and excuses to a lot of people but they have not think of the way they spend money because a lot of those who are saying this could really buy Bitcoin from the money they are calling insufficient but the way they raises there spending they couldn't pay for any other things that comes additional to it. Is not that I'm implying you are depending too much on things but however I'm saying that most people were delayed because of the believe of there funds being too small to adjust into Bitcoin but however it will never be easy until you say that some of your money would be on building an investment in Bitcoin.

[Derekfunds]

Those who give various arguments and create problems in Bitcoin investment basically want to be deprived of Bitcoin investment. All those investors are afraid of taking risks, so they fall behind. To invest in Bitcoin, you must take risks, because Bitcoin investment should be like this. You do not only need to be experienced in investing, you can also gain knowledge about Bitcoin along with your Bitcoin investment.
Therefore, Bitcoin investment should be done quickly because as time goes by, you are falling behind, in the current position, according to the DCA method, you repeatedly take the opportunity to buy Bitcoin and keep it for a long time, then you will definitely be successful in Bitcoin investment.

Do we actually have to be experienced to invest in Bitcoin? Common sense, a long term investment mindset and discretionary income are enough to invest in Bitcoin. And there is not much risk in long term investment. Adopting the DCA method mitigates that risk a lot.
Those who want to argue about investing in Bitcoin may not believe in investing, they may be traders. So it is better to avoid unnecessary arguments and focus on investing, which will lead us to success.

What do you mean by common sense in this context? You don't need common sense to invest in Bitcoin rather what someone needs to be able to purchase Bitcoin is the basic knowledge which encompasses of; The ability to figure or sort out one's discretionary income, having the long term goal and some other relevant informations that will help in the accumulation process. So don't advise people that common sense is enough to invest in Bitcoin because it is not totally correct, there are a lot of people out there with common sense and are making mistake in their investment and some don't even know what funds to use.

[BluebloodCXVI]

If we are early to bitcoin and still in our bitcoin accumulation phase then we are likely going to help to put ourselves into a correct mindset by buying bitcoin every week no matter the price and probably at least for 4-6 years, and then maybe after 4-6 years we can reassess if we are buying every week or if we might change our accumulation strategy in regards to frequency and persistency of ongoing bitcoin buys... and many times when we go through hypothetical numbers, there are not very many examples of guys who are able to get through their accumulation in less than 2 cycles, and they would likely need quite a bit of front loading of their investment (and ability to accomplish such front loading) to get to a point where they have gotten through their accumulation phase in less than 2 cycles.

I actually agree with this take. If someone is still early in Bitcoin, building the habit of buying consistently over time is one of the best ways to stay disciplined. It takes the emotion out of it so you’re not stressing about price every week, you’re just stacking bit by bit and focusing on the long game. And honestly, not everyone can rush accumulation, it doesn’t work like that. Bills, responsibilities, income limits, all of that naturally stretches things out. So taking a few years, even going through multiple cycles, is just normal for most people.
That’s why I think consistency matters way more than speed. It doesn’t really matter if it takes 4 years, 6 years, or even longer, what matters is that you stay in the game and don’t burn yourself out or get forced out along the way.
At the end of the day, Bitcoin accumulation isn’t a competition. It’s just a steady process of building your position over time, at a pace you can actually maintain without pressure.

[Hardyrobust]

This means that investing in Bitcoin cannot be done with one source of income, especially since the income we have is sometimes very limited and only sufficient for what is needed for daily needs, so why do I say that we cannot invest with one source that we have? Because when we have accumulated in urgent conditions,

One source can actually start buying you Bitcoin if you believe it. Low source of income and poor salary has always been the blame and excuses to a lot of people but they have not think of the way they spend money because a lot of those who are saying this could really buy Bitcoin from the money they are calling insufficient but the way they raises there spending they couldn't pay for any other things that comes additional to it. Is not that I'm implying you are depending too much on things but however I'm saying that most people were delayed because of the believe of there funds being too small to adjust into Bitcoin but however it will never be easy until you say that some of your money would be on building an investment in Bitcoin.

This is were financial management comes in . What this people need is a good financial management and if they can be able to implement this they can be able to map out things that they don't need. However, there is always need to determine the availability of discretionary income before starting to invest in bitcoin. So without a good financial management especially for those that maybe complaining of low salary they end up not being able to figure out there discretionary income.

[Sim_card]

Yes, the point is, a Bitcoin investor must have the courage to start, because that is a very important foundation for investing in Bitcoin. Without the courage to start investing in Bitcoin, no matter how much knowledge a person has acquired, they will certainly not be able to move freely. Because if someone has knowledge but lacks courage, they will certainly be afraid when they try to take direct action. So, the point is, as you said, investing in Bitcoin can be interpreted as taking a risk, because any investment inevitably carries risks, whether large or small.

So,, don't be afraid of risks, because as long as we manage our Bitcoin investments correctly, I believe the risks of investing in Bitcoin can be very minimal. Therefore, we must have the courage to take the first step, and for the second step, we must be brave enough to take risks and step out of our comfort zone. Because if we want to grow, we definitely have to be able to step out of our comfort zone,, and the same is true when investing in Bitcoin.

The worst risk is not to take the risk and invest in bitcoin because you don't have the courage and you have the money to invest. Anyone who doesn't have the confidence in bitcoin should start his bitcoin investment with very little amount of money like $10 that he wouldn't be scared to lose and be consistent with his weekly DCA.

As time goes on when he's used to the market, that will increase his confidence in the market through his experience in the market and continuous learning about bitcoin. When he has have the confidence in bitcoin, he can increase his DCA amount and invest aggressively overtime. Having the knowledge of bitcoin and the resources to invest and that person did not invest, it means that person will stay poor having fun.

[Gost ms]

This means that investing in Bitcoin cannot be done with one source of income, especially since the income we have is sometimes very limited and only sufficient for what is needed for daily needs, so why do I say that we cannot invest with one source that we have? Because when we have accumulated in urgent conditions,

One source can actually start buying you Bitcoin if you believe it. Low source of income and poor salary has always been the blame and excuses to a lot of people but they have not think of the way they spend money because a lot of those who are saying this could really buy Bitcoin from the money they are calling insufficient but the way they raises there spending they couldn't pay for any other things that comes additional to it. Is not that I'm implying you are depending too much on things but however I'm saying that most people were delayed because of the believe of there funds being too small to adjust into Bitcoin but however it will never be easy until you say that some of your money would be on building an investment in Bitcoin.

Yes I agree with you. We always blame our income source or we make excuses that we don't have enough income source to invest in Bitcoin and we don't find discretionary income from it. But the reality is not like that, we always focus on the top we never focus on the bottom. Suppose we have an income of $500 per month we are not able to find discretionary income from this income but, a person earning $250 upwards is very easily able to find discretionary income and keep investing. If we can manage our financial situation properly then we will be able to find discretionary income easily.

We always overspend or try to manage our personal life at the level of a person with a higher income than us due to which we are not able to find discretionary income. If we can manage our financial situation properly then we will be able to easily find discretionary income no matter how low the income is.

[Proty]

This means that investing in Bitcoin cannot be done with one source of income, especially since the income we have is sometimes very limited and only sufficient for what is needed for daily needs, so why do I say that we cannot invest with one source that we have? Because when we have accumulated in urgent conditions,

One source can actually start buying you Bitcoin if you believe it. Low source of income and poor salary has always been the blame and excuses to a lot of people but they have not think of the way they spend money because a lot of those who are saying this could really buy Bitcoin from the money they are calling insufficient but the way they raises there spending they couldn't pay for any other things that comes additional to it. Is not that I'm implying you are depending too much on things but however I'm saying that most people were delayed because of the believe of there funds being too small to adjust into Bitcoin but however it will never be easy until you say that some of your money would be on building an investment in Bitcoin.

Yes I agree with you. We always blame our income source or we make excuses that we don't have enough income source to invest in Bitcoin and we don't find discretionary income from it. But the reality is not like that, we always focus on the top we never focus on the bottom. Suppose we have an income of $500 per month we are not able to find discretionary income from this income but, a person earning $250 upwards is very easily able to find discretionary income and keep investing. If we can manage our financial situation properly then we will be able to find discretionary income easily.

We always overspend or try to manage our personal life at the level of a person with a higher income than us due to which we are not able to find discretionary income. If we can manage our financial situation properly then we will be able to easily find discretionary income no matter how low the income is.

There is tendency for someone to be earning high and still end up not having discretionary income. It is even possible for someone that is earning low to still have discretionary income. Peoples expenses differs, there are people that maybe earning high but due to the fact that there expenses is high they may end up not having discretionary income. A good financial management is also essential here because most of this people end up putting money in things that aren't essential there by increasing there expenses.

[NewRevelation]

Those who give various arguments and create problems in Bitcoin investment basically want to be deprived of Bitcoin investment. All those investors are afraid of taking risks, so they fall behind. To invest in Bitcoin, you must take risks, because Bitcoin investment should be like this. You do not only need to be experienced in investing, you can also gain knowledge about Bitcoin along with your Bitcoin investment.
Therefore, Bitcoin investment should be done quickly because as time goes by, you are falling behind, in the current position, according to the DCA method, you repeatedly take the opportunity to buy Bitcoin and keep it for a long time, then you will definitely be successful in Bitcoin investment.

Do we actually have to be experienced to invest in Bitcoin? Common sense, a long term investment mindset and discretionary income are enough to invest in Bitcoin. And there is not much risk in long term investment. Adopting the DCA method mitigates that risk a lot.
Those who want to argue about investing in Bitcoin may not believe in investing, they may be traders. So it is better to avoid unnecessary arguments and focus on investing, which will lead us to success.

What do you mean by common sense in this context? You don't need common sense to invest in Bitcoin rather what someone needs to be able to purchase Bitcoin is the basic knowledge which encompasses of; The ability to figure or sort out one's discretionary income, having the long term goal and some other relevant informations that will help in the accumulation process. So don't advise people that common sense is enough to invest in Bitcoin because it is not totally correct, there are a lot of people out there with common sense and are making mistake in their investment and some don't even know what funds to use.

We can't possibly take out the need for common sense in our journey of accumulating Bitcoin as a bigginer. Haven been able to figure out your discretionary income, you also need common sense. Common sense in this context is knowing that Bitcoin is a volatile assets, which fluctuates and is not always steady. This knowledge will help you to invest carefully and try to invest with the right funds to avoid panic, and then gradually learn the best ways of balancing your income and investment. Common is necessary and can't be ignored

[ASloveapg]

Accumulating Bitcoin with money that you need to sort out your basic needs is gambling it's not advisable at all to do this what do you think will happen to your investment if the need arises is it not selling off your Bitcoin short time? Bitcoin investment should be done with our discretionary income no matter how the situation is don't use money that isn't your discretionary income to invest in Bitcoin that's trading and gambling.

Our Basic needs should be our top priority because without cannot live without them. This is why before investing in bitcoin we should have our basic needs sorted out because they are very essential to well being as investors. If our Basic needs or essential are not meet we cannot sustain our bitcoin investment for the long-term because we will be forced to tamper with our bitcoin investment to cover our basic needs. Therefore it is wrong to use money meant to cover our basic needs for investing in bitcoin because we would be forced to sell our bitcoin investment prematurely when our basic needs arises. What we should use for our bitcoin investment is discretionary income, any buying done outside our discretionary income is gambling.

Yea I agree with you that taking proper care of our basic needs should comes first before we should be talking about investing in Bitcoin, because any investment that is done outside our discretionary income is pure gambling, since we may at a point want to retrieve the money that was used to invest, that is meant for a basic needs, so it's not a good practice. So before we start investing in Bitcoin, figuring out our discretionary income should be our priority because that's the foundation to every successful Bitcoin investment.

Investing without meeting basic needs can be a cause of mental stress. Because it can lead to a shortage of basic expenses or a shortage of investment funds. In addition, if you do not invest from additional money, you will have a tendency to sell at the slightest market decline, which will make it impossible to maintain your long-term investment plan and you may have to sell it. Therefore, you should invest from discretionary income and ensure that you have met all your needs and invested from the additional money. So that even if you are affected, your basic lifestyle is not affected. Proper financial management and risk management help you to sustain your investment in the long term. Again, if you do not prepare an emergency fund by investing all your money and spending it on basic expenses, you may be forced to sell it in case of an unexpected situation. Investing from a strong financial foundation, emergency fund, and discretionary income will create a stable and sustainable investment foundation in the long term.

[Furious 7]

There is tendency for someone to be earning high and still end up not having discretionary income. It is even possible for someone that is earning low to still have discretionary income. Peoples expenses differs, there are people that maybe earning high but due to the fact that there expenses is high they may end up not having discretionary income. A good financial management is also essential here because most of this people end up putting money in things that aren't essential there by increasing there expenses.

Therefore, the benchmark in purchasing cannot only focus on income because in the end, it is not whether or not someone decides to invest but how they want to make their future conditions better and manage how their discretionary funds are properly utilized.

When only making a large or small income as a measure in the end this will not get a significant answer because indeed in investing everything will return to the goal and it could be that those who have a larger income do not focus on being in bitcoin than those with smaller incomes because such possibilities will still exist.  What is certain here is that no matter how big or small our income is when we are serious about being in bitcoin and buying when we have funds ready to spend, the results can be a good thing in the future and I still hold this belief until now.

[Xackie]

Accumulating Bitcoin with money that you need to sort out your basic needs is gambling it's not advisable at all to do this what do you think will happen to your investment if the need arises is it not selling off your Bitcoin short time? Bitcoin investment should be done with our discretionary income no matter how the situation is don't use money that isn't your discretionary income to invest in Bitcoin that's trading and gambling.

Our Basic needs should be our top priority because without cannot live without them. This is why before investing in bitcoin we should have our basic needs sorted out because they are very essential to well being as investors. If our Basic needs or essential are not meet we cannot sustain our bitcoin investment for the long-term because we will be forced to tamper with our bitcoin investment to cover our basic needs. Therefore it is wrong to use money meant to cover our basic needs for investing in bitcoin because we would be forced to sell our bitcoin investment prematurely when our basic needs arises. What we should use for our bitcoin investment is discretionary income, any buying done outside our discretionary income is gambling.

Yea I agree with you that taking proper care of our basic needs should comes first before we should be talking about investing in Bitcoin, because any investment that is done outside our discretionary income is pure gambling, since we may at a point want to retrieve the money that was used to invest, that is meant for a basic needs, so it's not a good practice. So before we start investing in Bitcoin, figuring out our discretionary income should be our priority because that's the foundation to every successful Bitcoin investment.

Investing without meeting basic needs can be a cause of mental stress. Because it can lead to a shortage of basic expenses or a shortage of investment funds. In addition, if you do not invest from additional money, you will have a tendency to sell at the slightest market decline, which will make it impossible to maintain your long-term investment plan and you may have to sell it. Therefore, you should invest from discretionary income and ensure that you have met all your needs and invested from the additional money. So that even if you are affected, your basic lifestyle is not affected. Proper financial management and risk management help you to sustain your investment in the long term. Again, if you do not prepare an emergency fund by investing all your money and spending it on basic expenses, you may be forced to sell it in case of an unexpected situation. Investing from a strong financial foundation, emergency fund, and discretionary income will create a stable and sustainable investment foundation in the long term.

I agree with you. Investors should know that one of the first steps to take before investing is to first take care of your basic needs. Yes at times not all needs can be met fully, so sorting out the most important ones at first is okay. Because if you want to sort all your basic needs at once, time and your money meant for investment might finish. Things like food, Utilities, rent etc should be of a priority then other stuff like emergency savings can be done whilst investing in Bitcoin..
‎
‎It is very unwise for someone to disregard their important need for Bitcoin investments. It won't make you focus on building your Bitcoin holdings properly, instead you will always react to every market moves and touch out your Bitcoin whenever a bill is needed to be sorted. This is  still one of the leading reasons on why many people panic sell. I believe Bitcoin investment works better when someone has a stable financial plan and a good emergency backup. This will provide good protection against putting your survival on your Bitcoin investments

[Y3shot]

We must hold Bitcoin for a long time, so we must not invest an amount of money that we cannot hold for a long time. If we cannot hold Bitcoin for a long time, the possibility of getting good results is very low, so we must hold Bitcoin for a long time and invest the amount of money that we can afford to hold, investing money that we cannot afford can only cause more losses. Because investing the necessary money can create a situation of unexpected selling, which can definitely cause big losses.

The amount of bitcoin you hodl is never a problem, you can hodl any amount of bitcoin no matter how large the amount is. What you need to pay attention with is the amount of bitcoin you buy, their is an amount which you will buy it will be a problem to you because you may be stressing yourself financially. You buy bitcoin according to the amount you can afford,  you can choose to buy bitcoin consistent, from time to time and this will make you to accumulate good amount of bitcoin and hodling won't be a problem because you were able to accumulate this amount of bitcoin just according to what you can afford. Their is no limitation to hodling but everyone has a limit of bitcoin which they can afford and if you understand the amount you can afford it wont be a problem to you or affect hodling.

[Father111]

Accumulating Bitcoin with money that you need to sort out your basic needs is gambling it's not advisable at all to do this what do you think will happen to your investment if the need arises is it not selling off your Bitcoin short time? Bitcoin investment should be done with our discretionary income no matter how the situation is don't use money that isn't your discretionary income to invest in Bitcoin that's trading and gambling.

Our Basic needs should be our top priority because without cannot live without them. This is why before investing in bitcoin we should have our basic needs sorted out because they are very essential to well being as investors. If our Basic needs or essential are not meet we cannot sustain our bitcoin investment for the long-term because we will be forced to tamper with our bitcoin investment to cover our basic needs. Therefore it is wrong to use money meant to cover our basic needs for investing in bitcoin because we would be forced to sell our bitcoin investment prematurely when our basic needs arises. What we should use for our bitcoin investment is discretionary income, any buying done outside our discretionary income is gambling.

That is why it was mandated and necessary to all investors that, before you can forehead to invest in Bitcoin, the payment of all bills should consider first and then the income that remains after all your payments of bills, is now what they call discretionary income to be used to invest, and DCA method is there to help in buying small, small as the discretionary income can buy regularly.