Buy Buy Buy or Sell Sell Sell?

[Baki202]

In order to avoid putting ourselves under undue stress in the absence of backup cash, returning to our bitcoin investment during an emergency is not a terrible idea.

Once you invest in bitcoin without putting down emergency and reserve funds in place to protect your Bitcoin investment from any real life emergency that may compel you to sell when you never wanted to, just know that you have set up your Bitcoin investment to fail, because emergency situation will always come sooner or later.
It makes no sense that you are encouraging investors to fall back to their bitcoin investment when their is no availability of emergency funds, instead of talking about why it's very important for investors to put it in place when accumulating consistently, in other not to be in that terrible situation of being forced to sell your Bitcoin holdings due to emergencies.

That is the mistake most people make when it comes to buying. You have to have an emergency fund because that is the only way you can do better without selling off. After all, if you understand which investments you are supposed to sell when you have made a profit, and only when you have decided to make a profit in your mind, then you don't have a choice but to do the right thing by finding a way to have emergency funds in place so that you don't make the mistake of ending up selling like others. Additionally, if you want to invest, you must be prepared to put things in place that are the only way things can get better. If you don't do the right thing, it will become a problem later on, which is why they will always end up selling because having emergency funds is the best option if you don't take care of all these things.

[Negotiation]

That is the mistake most people make when it comes to buying. You have to have an emergency fund because that is the only way you can do better without selling off. After all, if you understand which investments you are supposed to sell when you have made a profit, and only when you have decided to make a profit in your mind, then you don't have a choice but to do the right thing by finding a way to have emergency funds in place so that you don't make the mistake of ending up selling like others. Additionally, if you want to invest, you must be prepared to put things in place that are the only way things can get better. If you don't do the right thing, it will become a problem later on, which is why they will always end up selling because having emergency funds is the best option if you don't take care of all these things.

Usually, people who start investing think that they will be able to make a profit after a few days. But when they see that the price of Bitcoin is going down, they sell it and start thinking about other things. But you should invest in Bitcoin continuously and maintain its continuity.

Now I agree with you that a certain income is required to do this. It can be a business or your job. However, if there is no continuous source of income, then you should refrain from investing for a few days. Because if you think that you have lost after investing, then if you sell it, you will lose more; this is something most people do not understand.

[Agbam]

That is the mistake most people make when it comes to buying. You have to have an emergency fund because that is the only way you can do better without selling off. After all, if you understand which investments you are supposed to sell when you have made a profit, and only when you have decided to make a profit in your mind, then you don't have a choice but to do the right thing by finding a way to have emergency funds in place so that you don't make the mistake of ending up selling like others. Additionally, if you want to invest, you must be prepared to put things in place that are the only way things can get better. If you don't do the right thing, it will become a problem later on, which is why they will always end up selling because having emergency funds is the best option if you don't take care of all these things.

Usually, people who start investing think that they will be able to make a profit after a few days. But when they see that the price of Bitcoin is going down, they sell it and start thinking about other things. But you should invest in Bitcoin continuously and maintain its continuity.

Now I agree with you that a certain income is required to do this. It can be a business or your job. However, if there is no continuous source of income, then you should refrain from investing for a few days. Because if you think that you have lost after investing, then if you sell it, you will lose more; this is something most people do not understand.

What you’re describing as the usual isn’t the case, those are the wrong approaches of Bitcoin investment so only smaller percentage of investors practice that.

It’s not compulsory that you must have a regular source of income before you can invest but if you’re able to sort out your investable capital from your discretionary income while having or building backup funds then you can comfortably invest. Though a stable or a continuous source of income makes investing and consistency easier.

You don’t neeed to sell your bitcoin when you’re in a loss, there’s no need for a panic Bitcoin will surely recover. That’s why we’re advised to use money we can afford to lose from our discretionary income so we can comfortably hold for a longer term.

[Saltysugar99]

That is the mistake most people make when it comes to buying. You have to have an emergency fund because that is the only way you can do better without selling off. After all, if you understand which investments you are supposed to sell when you have made a profit, and only when you have decided to make a profit in your mind, then you don't have a choice but to do the right thing by finding a way to have emergency funds in place so that you don't make the mistake of ending up selling like others. Additionally, if you want to invest, you must be prepared to put things in place that are the only way things can get better. If you don't do the right thing, it will become a problem later on, which is why they will always end up selling because having emergency funds is the best option if you don't take care of all these things.

Usually, people who start investing think that they will be able to make a profit after a few days. But when they see that the price of Bitcoin is going down, they sell it and start thinking about other things. But you should invest in Bitcoin continuously and maintain its continuity.

Now I agree with you that a certain income is required to do this. It can be a business or your job. However, if there is no continuous source of income, then you should refrain from investing for a few days. Because if you think that you have lost after investing, then if you sell it, you will lose more; this is something most people do not understand.

I agree with you that entering Bitcoin with a few days profit expectation is not an investment mindset, and cashflow is important to continue accumulation. I think the first problem is that many newcomers mix investment and short-term trade in Bitcoin together. Many people think that they will buy today and sell it a few days later and make a profit. Again, if after a few days they see that bitcoin has decreased by 20%, then it may seem that the investment in bitcoin is not working. So maybe that person invested for only a few days. If someone's investment is for a few days, then he is definitely not investing in bitcoin for long-term bitcoin accumulation. And there is no loss when the price of bitcoin drops. As long as that person sells bitcoin. If you buy for long-term accumulation, the cashflow is right, the invested money is not needed and the investment thesis remains the same, then there is no need to sell due to short-term drops. And investing in bitcoin is about creating an accumulation system that can survive in its financial reality for years, not just a few days red candle.

[Proty]

That is the mistake most people make when it comes to buying. You have to have an emergency fund because that is the only way you can do better without selling off. After all, if you understand which investments you are supposed to sell when you have made a profit, and only when you have decided to make a profit in your mind, then you don't have a choice but to do the right thing by finding a way to have emergency funds in place so that you don't make the mistake of ending up selling like others. Additionally, if you want to invest, you must be prepared to put things in place that are the only way things can get better. If you don't do the right thing, it will become a problem later on, which is why they will always end up selling because having emergency funds is the best option if you don't take care of all these things.

Usually, people who start investing think that they will be able to make a profit after a few days. But when they see that the price of Bitcoin is going down, they sell it and start thinking about other things. But you should invest in Bitcoin continuously and maintain its continuity.

Now I agree with you that a certain income is required to do this. It can be a business or your job. However, if there is no continuous source of income, then you should refrain from investing for a few days. Because if you think that you have lost after investing, then if you sell it, you will lose more; this is something most people do not understand.

What you’re describing as the usual isn’t the case, those are the wrong approaches of Bitcoin investment so only smaller percentage of investors practice that.

It’s not compulsory that you must have a regular source of income before you can invest but if you’re able to sort out your investable capital from your discretionary income while having or building backup funds then you can comfortably invest. Though a stable or a continuous source of income makes investing and consistency easier.

You don’t neeed to sell your bitcoin when you’re in a loss, there’s no need for a panic Bitcoin will surely recover. That’s why we’re advised to use money we can afford to lose from our discretionary income so we can comfortably hold for a longer term.

Having a regular source of income may not be that important for someone that has figured out there discretionary income to invest in bitcoin. But , in the long run it is important to have a regular source of income because it will help an investor to be able to accumulate bitcoin continuously. Not having a regular income may affect how consistent an investor can bitcoin and their chances of putting their bitcoin holdings in good shape. The idea should be , not having a regular income shouldn't stop anyone from investing in bitcoin, as they go on with bitcoin accumulation they can work on source of income in other to be able to sustain their bitcoin investment.