Road to 100k?

[laijsica]

Because the what one really need is a good cashflow to handle his accummulation part, and also be patient with his investment by holding for long-term only , in order to have more time and opportunities to gather more . But still knowledge play a crucial way when it comes to investing but don't let it affect yah accumulating part.

Yeah!  Absolutely  one needs a good or strong  cashflow to sustain  your accumulations maybe not necessary too strong but good is a perfect word  generally.

However,Patience is a very important aspect to consider In my view , without  patience all these might be almost impossible  or even impossible because there's no way one's gonna last long  if he doesn't have patience witness some good returns over his stashed Bitcoin investment , all he will focus on his the dip marketseven when he's in profit . I see it as a very important aspect so it needs Bold

Key to success is proper preparation on their investment since if they just came by and invest then take the risk and spend all their hard earned money then provably this will never give them any good result. I really believe that those people who use all their money to invest on bitcoin will go emotional once they see some corrections and to bad for them if they undergo on mental break down since for sure this will result to heavy decision that doesn't benefit them.

That's why its important to have good cashflow since whatever happen in the market we could just able to handle well the situation since we are confident that everything is fine and there's still money left on our side to use for another series of accumulation or to use it on other things that we are interested on.

Patience is key on everything and I believe we can only have this if we are fully equip with knowledge and have alternative source of funds.

One must not be fully equipped with knowledge nor even have an alternative source of income to become successful in Bitcoin long term investment, being financially ready even without an alternative source of income one  can become successful only with a basic knowledge and proper planning, with having the knowledge of dca strategy one can accumulate Bitcoin on different intervals irrespective of the price point either weekly or monthly and become successful. however, it will only take a longer period of time before he or she will build up a sizeable worth of Bitcoin up to a reasonable amount and lastly, to start buying Bitcoin and learn more on your way up is the most important thing than trying to be equipped with knowledge.

To be successful in investing, you need to have a long-term plan as well as a guaranteed source of income and a proper combination of plans because your capital is very valuable to you. The purpose of having an alternate source of income is to not have to disrupt your investment in the event of an emergency or health emergency, or to sell investment capital before reaching investment goals. Investment experts recommend keeping your emergency fund in cash for 3-6 months. You can keep your BTC holding safe and DCA method running consistently as a result. You definitely want to protect your margin.

[erep]

To be successful in investing, you need to have a long-term plan as well as a guaranteed source of income and a proper combination of plans because your capital is very valuable to you. The purpose of having an alternate source of income is to not have to disrupt your investment in the event of an emergency or health emergency, or to sell investment capital before reaching investment goals. Investment experts recommend keeping your emergency fund in cash for 3-6 months. You can keep your BTC holding safe and DCA method running consistently as a result. You definitely want to protect your margin.

Of course, we must have the right strategy in managing funds and managing assets by utilizing various plans that have the potential to grow the value of assets from bitcoin investment, the perfect combination of maximum financial management, having emergency savings in cash and having potential assets for long-term profits in bitcoin, gold and property.

You don't have to have alternative income to support funds to increase investment because not everyone is lucky to get another job for alternative income, but focus on utilizing current income to divide part for emergency savings and part of other funds for DCA investment in bitcoin assets.

[dunfida]

To be successful in investing, you need to have a long-term plan as well as a guaranteed source of income and a proper combination of plans because your capital is very valuable to you. The purpose of having an alternate source of income is to not have to disrupt your investment in the event of an emergency or health emergency, or to sell investment capital before reaching investment goals. Investment experts recommend keeping your emergency fund in cash for 3-6 months. You can keep your BTC holding safe and DCA method running consistently as a result. You definitely want to protect your margin.

Of course, we must have the right strategy in managing funds and managing assets by utilizing various plans that have the potential to grow the value of assets from bitcoin investment, the perfect combination of maximum financial management, having emergency savings in cash and having potential assets for long-term profits in bitcoin, gold and property.

You don't have to have alternative income to support funds to increase investment because not everyone is lucky to get another job for alternative income, but focus on utilizing current income to divide part for emergency savings and part of other funds for DCA investment in bitcoin assets.

When dealing up with crypto space then you would really be definitely be needing up that proper planning. You cant really just that make yourself dive in without having that proper knowledge and preparations on what you are currently dealing with. You cant just that make yourself that be engaging into something without having those kind of readiness on whats coming. $100k? We are heading there and this is something inevitable.
It is really just that there's no one would really be able to know on when it would really be happening because if we do speak about movement of prices then this isnt something that you could really be able to tell that we would really be directly hitting up that live.

It would really be taking up some time and it would really be that something unpredictable. There are really just that people who are really too impatient on what they do have in mind.
This is why they are really that prone to tons of mistakes just because they are really that something that be in a rush which its not really something recommended.

[Asuspawer09]

We have seen Bitcoin reach 70k USD and it even reached a point of 71k briefly. We are seeing history being made right here with the new all time high being set once again and it is happening even before halving.

I have high expectations that bitcoin will reach 100k but will it reach 100k without any major decline in price? Does it seem realistic that from 70k, bitcoin will continuously rise up?

For sure it was doable I think, I mean compared in the past years we can already see how Bitcoin progressed, and on every Bitcoin Halving event, we always see a huge boost in the market price of Bitcoin, even though we can clearly see that it is already starting to slow down from 1000x to 100x to even lower, at this point in the market we might only see around 2x on the market price of Bitcoin. Considering we have a lot of catalysts that boost the market price like the Bitcoin halving event and the Bitcoin ETF etc. we can see that Bitcoin has adapted to a lot of users already, here in my country cryptocurrency has already adapted to digital banking to the point where you could already buy and sell cryptocurrency on their own platform which I think is huge for adaptation because it is going to boost its users if there were millions of users of that digital banks they are all going to get influence and probably going to buy cryptocurrency as well.

At this rate even though we only have a few thousand jumps on the last all-time high I still think that 100k$ was obviously doable and my prediction in the coming Bullrun is around 150k$ which is surely around 2x of the current all-time high. Of course, just basing on the Bitcoin halving timeline, still it needed some delay in order to take effect of the halving most of the time its around a year before we see Bullrun, so probably we could reach 100k$ in 2025 in theory.

[Falconer]

-snip-

Of course, we must have the right strategy in managing funds and managing assets by utilizing various plans that have the potential to grow the value of assets from bitcoin investment, the perfect combination of maximum financial management, having emergency savings in cash and having potential assets for long-term profits in bitcoin, gold and property.

You don't have to have alternative income to support funds to increase investment because not everyone is lucky to get another job for alternative income, but focus on utilizing current income to divide part for emergency savings and part of other funds for DCA investment in bitcoin assets.

Saving funds during inflation is not as easy as it sounds, I can actually say it is very difficult. Building an investment portfolio at this time is certainly important and worth the effort, but not necessarily if you don't have secure budget support. Of course you should prioritize living needs instead of building an investment portfolio, that's what I think.

Even if you manage to save, you still have to have a reserve budget to keep your investment assets untouched for sale. Changing investment plans due to budget requirements is very unpleasant, especially when the price is not profitable to sell. So make sure you build a portfolio while having a reserve budget too, that is a good plan for investing.

[batang_bitcoin]

It would really be taking up some time and it would really be that something unpredictable. There are really just that people who are really too impatient on what they do have in mind.

Forget about the impatient people, they're typically the ones that get eliminated before the highest price comes. But as long as it's profit for them, I'd be happy to hear their stories.

This is why they are really that prone to tons of mistakes just because they are really that something that be in a rush which its not really something recommended.

And from those mistakes, if they're going to stay, those are going to give them valuable lessons and that's why many of us here took years before we are going to decide something good for ourselves as we hold Bitcoin. Too many bad experiences before we're able to learn to just do nothing and HODL until we can.

[laijsica]

-snip-

Of course, we must have the right strategy in managing funds and managing assets by utilizing various plans that have the potential to grow the value of assets from bitcoin investment, the perfect combination of maximum financial management, having emergency savings in cash and having potential assets for long-term profits in bitcoin, gold and property.

You don't have to have alternative income to support funds to increase investment because not everyone is lucky to get another job for alternative income, but focus on utilizing current income to divide part for emergency savings and part of other funds for DCA investment in bitcoin assets.

Saving funds during inflation is not as easy as it sounds, I can actually say it is very difficult. Building an investment portfolio at this time is certainly important and worth the effort, but not necessarily if you don't have secure budget support. Of course you should prioritize living needs instead of building an investment portfolio, that's what I think.

Of course having a secure fund is a pre-requisite to keep BTC investments safe as the inflation period is increasing day by day and household expenses are rising as well. By applying the DCA technique we can allow the stack to grow while simultaneously holding. We put BTC portfolio growth as our second highest priority to plan and recommend holding for the long term.I think if someone is not aware of proper protection of their funds then his investment journey of yesteryear may turn out to be a failure because he was not aware of the rising cost of living. So they should aim to increase holdings with BTC journey to over $100k.

Even if you manage to save, you still have to have a reserve budget to keep your investment assets untouched for sale. Changing investment plans due to budget requirements is very unpleasant, especially when the price is not profitable to sell. So make sure you build a portfolio while having a reserve budget too, that is a good plan for investing.

Investment success depends on overall performance including your discretionary holdings over time. Investing knowledge born of indiscretion tends to be less successful. You can continue to reduce your spending and set household spending targets while you have long-term holding plans, including trying to meet your BTC goals.

[Rustam Meraj]

Saving funds during inflation is not as easy as it sounds, I can actually say it is very difficult. Building an investment portfolio at this time is certainly important and worth the effort, but not necessarily if you don't have secure budget support. Of course you should prioritize living needs instead of building an investment portfolio, that's what I think.

Even if you manage to save, you still have to have a reserve budget to keep your investment assets untouched for sale. Changing investment plans due to budget requirements is very unpleasant, especially when the price is not profitable to sell. So make sure you build a portfolio while having a reserve budget too, that is a good plan for investing.

I totally agree that saving money during inflation is very hard. By the way it is  good to invest but first you need to make sure you have enough money for living expenses. You should have solid budget in place before investing and also save some extra money so you do not have to sell your investments when prices are low. Changing your investment plans because you do not have enough money can be annoying and costly. So I think it is good idea to build a portfolio and also save some extra money it's a smart way to invest.

[Marvelockg]

-snip-

Of course, we must have the right strategy in managing funds and managing assets by utilizing various plans that have the potential to grow the value of assets from bitcoin investment, the perfect combination of maximum financial management, having emergency savings in cash and having potential assets for long-term profits in bitcoin, gold and property.

You don't have to have alternative income to support funds to increase investment because not everyone is lucky to get another job for alternative income, but focus on utilizing current income to divide part for emergency savings and part of other funds for DCA investment in bitcoin assets.

Saving funds during inflation is not as easy as it sounds, I can actually say it is very difficult. Building an investment portfolio at this time is certainly important and worth the effort, but not necessarily if you don't have secure budget support. Of course you should prioritize living needs instead of building an investment portfolio, that's what I think.

Of course having a secure fund is a pre-requisite to keep BTC investments safe as the inflation period is increasing day by day and household expenses are rising as well. By applying the DCA technique we can allow the stack to grow while simultaneously holding. We put BTC portfolio growth as our second highest priority to plan and recommend holding for the long term.I think if someone is not aware of proper protection of their funds then his investment journey of yesteryear may turn out to be a failure because he was not aware of the rising cost of living. So they should aim to increase holdings with BTC journey to over $100k.

the good thing here is that inflation doesn't directly affect our Bitcoin to a large extent and the only time when it affect it is when we're unable to continue buying during those seasons of inflation because the amount we've allocated for our expenses isn't enough to Carter for our needs which will mean that if we don't make good plans for our emergency funds, it becomes deficult to continue stacking Bitcoin at such moment and it might lead to a temporary pause in our DCA routine while we awaits things to fall back in place and then continue our stacking.

But then, part of the reason why we talk about making good provision for our emergency funds is based on the knowledge that inflation can set in for a season which can distort the ability of our expenses to meeting up our needs and also cover up for our DCA in those instance putting us in a position where if our emergency funds isn't intact, our holding gets endangered in the process or we might possibly stop following up with our DCA routine. And yeah, we aren't robots that will have our holding with us and allow the effect of inflation sweep us off our feet and so if our emergency funds it's in tact, we may as well make use of it to sustaining us till we've come out of that phase or we've been able to device a means of increasing our earning in the Midst of the inflation.

[JayJuanGee]

Saving funds during inflation is not as easy as it sounds, I can actually say it is very difficult. Building an investment portfolio at this time is certainly important and worth the effort, but not necessarily if you don't have secure budget support. Of course you should prioritize living needs instead of building an investment portfolio, that's what I think.

Even if you manage to save, you still have to have a reserve budget to keep your investment assets untouched for sale. Changing investment plans due to budget requirements is very unpleasant, especially when the price is not profitable to sell. So make sure you build a portfolio while having a reserve budget too, that is a good plan for investing.

I totally agree that saving money during inflation is very hard. By the way it is  good to invest but first you need to make sure you have enough money for living expenses. You should have solid budget in place before investing and also save some extra money so you do not have to sell your investments when prices are low. Changing your investment plans because you do not have enough money can be annoying and costly. So I think it is good idea to build a portfolio and also save some extra money it's a smart way to invest.

In regards to bitcoin, I personally believe that one of the most important things is to get started right away.

Yes, a lot of folks have screed up personal budgets and bad financial management, but they can build their financial management while they are investing into bitcoin..

So for example if a person has an income that is around $1.6k to $3.8k per month, and most of the time receives around $2,400, and he has expenses that are usually $1,800 to $2,200 per month, and most of the time the expenses are $2,000, then that is around $400 in disposable income, but surely the disposable income varies with the income and with the expenses that vary.

If that person is new to investing and maybe does not have much of any emergency fund, reserves or float - maybe perhaps 2-4 weeks of extra cash that kind of floats, he may want to minimally get his emergency funds in cash up to $6,600 to cover 3 months of his worst case expenses, but he can still start to invest into bitcoin before getting all of his finances in order. 

Let's say that he also has debt that he is paying off over the next 4 years. and maybe that debt is $60 per month (and is charging 6% interest annualized), and maybe the total amount due for the debt is going to have a balloon payment of $3k additional at the end of 4 years. .so yeah the guy has a variety of dilemmas and demands on his cashflow, so maybe he would like to buy $100 per week of bitcoin, but he sees that his finances are not really in a good spot, so maybe he can only invest $25 to $50 per week into bitcoin while he is sorting out his finances and getting himself into a better position... and yeah, 6% per year for the loan is not outrageously high, but it is not cheap either.. so their could be some dilemma in regards to whether the loan should be paid off first or if there might be some value to just let the loan continue to run and to invest into bitcoin.

-snip-

Of course, we must have the right strategy in managing funds and managing assets by utilizing various plans that have the potential to grow the value of assets from bitcoin investment, the perfect combination of maximum financial management, having emergency savings in cash and having potential assets for long-term profits in bitcoin, gold and property.

You don't have to have alternative income to support funds to increase investment because not everyone is lucky to get another job for alternative income, but focus on utilizing current income to divide part for emergency savings and part of other funds for DCA investment in bitcoin assets.

Saving funds during inflation is not as easy as it sounds, I can actually say it is very difficult. Building an investment portfolio at this time is certainly important and worth the effort, but not necessarily if you don't have secure budget support. Of course you should prioritize living needs instead of building an investment portfolio, that's what I think.

Of course having a secure fund is a pre-requisite to keep BTC investments safe as the inflation period is increasing day by day and household expenses are rising as well. By applying the DCA technique we can allow the stack to grow while simultaneously holding. We put BTC portfolio growth as our second highest priority to plan and recommend holding for the long term.I think if someone is not aware of proper protection of their funds then his investment journey of yesteryear may turn out to be a failure because he was not aware of the rising cost of living. So they should aim to increase holdings with BTC journey to over $100k.

the good thing here is that inflation doesn't directly affect our Bitcoin to a large extent and the only time when it affect it is when we're unable to continue buying during those seasons of inflation because the amount we've allocated for our expenses isn't enough to Carter for our needs which will mean that if we don't make good plans for our emergency funds, it becomes deficult to continue stacking Bitcoin at such moment and it might lead to a temporary pause in our DCA routine while we awaits things to fall back in place and then continue our stacking.

That is a good point Marvelockg.  Sometimes we might have to make some uncomfortable adjustments, and those adjustments would likely have priorities in regards to figuring out how dire our situation might get when our expenses go up and our income does not keep up, so maybe we even have to increase the size of our emergency fund because maybe we had been running an emergency fund that covers 3 months of our expenses, and all of a sudden it only covers 2 months, and so we might not only have the problem of having to cover increasing expenses for those particular crunch months, we likely would also have to spend some of our resources to build up our emergency fund to a higher level in order to account for the higher expenses, even if we might believe that inflation might come down, but we should still be attempting to prudently prepare ourselves for worser situations, since we would not want to have to dip into either our emergency funds or our bitcoin investment, so sometimes the sacrifice might be cutting off our DCA or lessening it to a very low amount.. .. which surely the various kinds of ways of prioritizing our cuts is not always going to be clear, yet the longer that we engage in these kinds of practices and balances, the better we should get at making those kinds of balancing determinations.

But then, part of the reason why we talk about making good provision for our emergency funds is based on the knowledge that inflation can set in for a season which can distort the ability of our expenses to meeting up our needs and also cover up for our DCA in those instance putting us in a position where if our emergency funds isn't intact, our holding gets endangered in the process or we might possibly stop following up with our DCA routine. And yeah, we aren't robots that will have our holding with us and allow the effect of inflation sweep us off our feet and so if our emergency funds it's in tact, we may as well make use of it to sustaining us till we've come out of that phase or we've been able to device a means of increasing our earning in the Midst of the inflation.

As you mention, surely there can still be ways to figure out how to increase our income or to cut our expenses, but like you suggested, thos kinds of things may well not be feasible to accomplish in the short run, so we have to deal with the situation that we have right in front of us at that particular moment in terms of prioritizing which part of our funds is next to be used.. and if we might have to discontinue investing into BTC at some point that we are depleting our other funds. .and maybe when we get back into building back our emergency fund, we can also get back into DCA, but we still might have to DCA at a lower rate based on needs to prioritize, especially when there could be signs that our cash cushion is not large enough in the event that more emergencies come, such as if we lose our job or we suffer some kind of a health event.

[Pi-network314159]

so yeah, if people had already invested a good chunk of money, they might not have any extra that they feel that they can put in, and that would be their own lack of preparations and perhaps a bit of childishness in their own approach to bitcoin.

just like you said it's childishness in their own approach to bitcoin. but surely I believe most people are fully aware about how crucial it is to invest all they have In Bitcoin without having a discretionary Income, and may not know its childishness, until they see the need of having an emergency or  reserved fund. the reason why most people do that is because they don't have the ability to keep a reserve fund due of being afraid to tempted or spend it. And not everyone has that patient to HODl a discretionary income. surely in their way they thought it's the best option, but never know it will affect them. I think most people should work on their habit by self decipline themselves of having reserved or discretionary income because if someone can not be able to manage a reserved fund, the person may turn to a childish investor who thinks his decision is the best without considering the effect of their decision.

and so yeah sometimes a person might get sloppy or use their reserves and their float or maybe they dip into their emergency fund, so if they do not replenish something like their emergency fund in a timely manner, then they could end up with an actual emergency and then not have enough funds to cover it so then they end up having to dip into their BTC investment, and their cash management was supposed to be in place in order to not put oneself into a position that he has to dip into his BTC at a time that is anything other than his own choosing.

that could only accoure when the bitcoin HODLer does make enough provision for discretionary/reserved fund or float to be able to withstand any cercumstances. you know when you have enough fund in your discretionary or float it wouldn't affect you by any means talk more of dipping hand on your  Bitcoin HODLing or using there reserved fund. I know sometimes investors run short of reserved fund depending on the gravity of the case,  but not on regular basis. sometimes investors need to have a union, even if not a general union but a union between colleagues in same knowledge and skill, so when such issues arises the person may not need to struggle where to source out fund, but your union of colleagues will be of a help in terms of needy. sometimes I feel that appert from having a personal reserved fund, there should be an additional fund somewhere aside from your own reserved. like having a cooperative society where multiple people contribute some fund as per annual saving and emergency reserved. in such case if any serious problem arises beyond your savings you might need the cooperative to help you. all this are just mearly a suggestion to ways of figuring out how to source out fund when there is need for it. what do you think? because I have come across most people complaining of not having enough reserved funds to sort themselves out. and may likely need to take a loan from either some organisations or bank of which may still come with an option of interest rate. where as they could have done that earlier by having group of trusted friends to have a union or cooperative society.

[boty]

Saving funds during inflation is not as easy as it sounds, I can actually say it is very difficult. Building an investment portfolio at this time is certainly important and worth the effort, but not necessarily if you don't have secure budget support. Of course you should prioritize living needs instead of building an investment portfolio, that's what I think.

Even if you manage to save, you still have to have a reserve budget to keep your investment assets untouched for sale. Changing investment plans due to budget requirements is very unpleasant, especially when the price is not profitable to sell. So make sure you build a portfolio while having a reserve budget too, that is a good plan for investing.

I totally agree that saving money during inflation is very hard. By the way it is  good to invest but first you need to make sure you have enough money for living expenses. You should have solid budget in place before investing and also save some extra money so you do not have to sell your investments when prices are low. Changing your investment plans because you do not have enough money can be annoying and costly. So I think it is good idea to build a portfolio and also save some extra money it's a smart way to invest.

Having a plan before making an investment is of course very important, because if we don't plan well before making an investment it will be very unlikely that we will be able to carry out the investment well and be able to achieve what we want from the investment we make, prepare funds for emergency needs Before deciding to start investing, of course this is very important and we will be able to invest well without having to take out what we have invested when we need emergency funds that we don't know when we will need them.

[teamsherry]

Because the what one really need is a good cashflow to handle his accummulation part, and also be patient with his investment by holding for long-term only , in order to have more time and opportunities to gather more . But still knowledge play a crucial way when it comes to investing but don't let it affect yah accumulating part.

Yeah!  Absolutely  one needs a good or strong  cashflow to sustain  your accumulations maybe not necessary too strong but good is a perfect word  generally.

However,Patience is a very important aspect to consider In my view , without  patience all these might be almost impossible  or even impossible because there's no way one's gonna last long  if he doesn't have patience witness some good returns over his stashed Bitcoin investment , all he will focus on his the dip marketseven when he's in profit . I see it as a very important aspect so it needs Bold

Key to success is proper preparation on their investment since if they just came by and invest then take the risk and spend all their hard earned money then provably this will never give them any good result. I really believe that those people who use all their money to invest on bitcoin will go emotional once they see some corrections and to bad for them if they undergo on mental break down since for sure this will result to heavy decision that doesn't benefit them.

That's why its important to have good cashflow since whatever happen in the market we could just able to handle well the situation since we are confident that everything is fine and there's still money left on our side to use for another series of accumulation or to use it on other things that we are interested on.

Patience is key on everything and I believe we can only have this if we are fully equip with knowledge and have alternative source of funds.

One must not be fully equipped with knowledge nor even have an alternative source of income to become successful in Bitcoin long term investment, being financially ready even without an alternative source of income one  can become successful only with a basic knowledge and proper planning, with having the knowledge of dca strategy one can accumulate Bitcoin on different intervals irrespective of the price point either weekly or monthly and become successful. however, it will only take a longer period of time before he or she will build up a sizeable worth of Bitcoin up to a reasonable amount and lastly, to start buying Bitcoin and learn more on your way up is the most important thing than trying to be equipped with knowledge.

To be successful in investing, you need to have a long-term plan as well as a guaranteed source of income and a proper combination of plans because your capital is very valuable to you. The purpose of having an alternate source of income is to not have to disrupt your investment in the event of an emergency or health emergency, or to sell investment capital before reaching investment goals. Investment experts recommend keeping your emergency fund in cash for 3-6 months. You can keep your BTC holding safe and DCA method running consistently as a result. You definitely want to protect your margin.

IMO I don't think having an alternative source of income can a situation of emergency from disrupting once investment plan, an alternative source of income surely can bring in more discretionary income to the table to help further your investment or give you more opportunity to invest more in bitcoin, but if you have a poor emergency funds then no matter the size of your income you would still find yourself in a situation where you might dip your hand into your bitcoin if an emergency occurs.

You should understand that an emergency funds is built specifically to be in preparation for any situation that may occur that can threaten your investment, it's just like knowing that I can get sick even when I'm healthy and I'm keeping money in advanced for that, this time the money is not for any specific emergency, it could be a house challenge, food challenge or family challenge, but it has to be an emergency, and that is left for you to figure out.

Another factor that cam affect ongoing investment can be improper cashflow management, at times people tend to over  allocate to Bitcoin and find themselves in a situation where they need to sell part to balance those ares they have been neglecting. Even situation where someone fails to keep floats around or reserves and end up needing an extra money to settle some stuff, all this are examples of improper cashflow management.

[JayJuanGee]

so yeah, if people had already invested a good chunk of money, they might not have any extra that they feel that they can put in, and that would be their own lack of preparations and perhaps a bit of childishness in their own approach to bitcoin.

just like you said it's childishness in their own approach to bitcoin. but surely I believe most people are fully aware about how crucial it is to invest all they have In Bitcoin without having a discretionary Income, and may not know its childishness, until they see the need of having an emergency or  reserved fund. the reason why most people do that is because they don't have the ability to keep a reserve fund due of being afraid to tempted or spend it. And not everyone has that patient to HODl a discretionary income. surely in their way they thought it's the best option, but never know it will affect them. I think most people should work on their habit by self decipline themselves of having reserved or discretionary income because if someone can not be able to manage a reserved fund, the person may turn to a childish investor who thinks his decision is the best without considering the effect of their decision.

and so yeah sometimes a person might get sloppy or use their reserves and their float or maybe they dip into their emergency fund, so if they do not replenish something like their emergency fund in a timely manner, then they could end up with an actual emergency and then not have enough funds to cover it so then they end up having to dip into their BTC investment, and their cash management was supposed to be in place in order to not put oneself into a position that he has to dip into his BTC at a time that is anything other than his own choosing.

that could only accoure when the bitcoin HODLer does make enough provision for discretionary/reserved fund or float to be able to withstand any cercumstances. you know when you have enough fund in your discretionary or float it wouldn't affect you by any means talk more of dipping hand on your  Bitcoin HODLing or using there reserved fund. I know sometimes investors run short of reserved fund depending on the gravity of the case,  but not on regular basis. sometimes investors need to have a union, even if not a general union but a union between colleagues in same knowledge and skill, so when such issues arises the person may not need to struggle where to source out fund, but your union of colleagues will be of a help in terms of needy. sometimes I feel that appert from having a personal reserved fund, there should be an additional fund somewhere aside from your own reserved. like having a cooperative society where multiple people contribute some fund as per annual saving and emergency reserved. in such case if any serious problem arises beyond your savings you might need the cooperative to help you. all this are just mearly a suggestion to ways of figuring out how to source out fund when there is need for it. what do you think? because I have come across most people complaining of not having enough reserved funds to sort themselves out. and may likely need to take a loan from either some organisations or bank of which may still come with an option of interest rate. where as they could have done that earlier by having group of trusted friends to have a union or cooperative society.

Sure, there could be some value in terms of having other kinds of resources upon which you can draw, yet I doubt that takes away from the benefits that you likely would get by creating and maintaining your own systems, and yeah, if there might be some cases in which you care able to get resources from friends, family or in other ways, then those can also be helpful to attempt to utilize whatever you can to your own advantage... or even to avoid dipping into reserves and/or emergency funds if you have those other ways of making your ends meet.

Saving funds during inflation is not as easy as it sounds, I can actually say it is very difficult. Building an investment portfolio at this time is certainly important and worth the effort, but not necessarily if you don't have secure budget support. Of course you should prioritize living needs instead of building an investment portfolio, that's what I think.

Even if you manage to save, you still have to have a reserve budget to keep your investment assets untouched for sale. Changing investment plans due to budget requirements is very unpleasant, especially when the price is not profitable to sell. So make sure you build a portfolio while having a reserve budget too, that is a good plan for investing.

I totally agree that saving money during inflation is very hard. By the way it is  good to invest but first you need to make sure you have enough money for living expenses. You should have solid budget in place before investing and also save some extra money so you do not have to sell your investments when prices are low. Changing your investment plans because you do not have enough money can be annoying and costly. So I think it is good idea to build a portfolio and also save some extra money it's a smart way to invest.

Having a plan before making an investment is of course very important, because if we don't plan well before making an investment it will be very unlikely that we will be able to carry out the investment well and be able to achieve what we want from the investment we make, prepare funds for emergency needs Before deciding to start investing, of course this is very important and we will be able to invest well without having to take out what we have invested when we need emergency funds that we don't know when we will need them.

If you have identified your various issues, you can work on building your various financial strength simultaneously to getting started in bitcoin, so there is no need to wait until you get all things perfect prior to getting started, so if you know that you already have $10 that you can buy, then buy right away and figure out your other details so that maybe you can later start to become more aggressive in your BTC accumulation approach, including making sure that you can invest 4-10 years or longer with whatever you are putting into bitcoin.. and no problem with also starting out slowly as you are otherwise putting the other aspects of your finances (and psychology) in order.

Another factor that cam affect ongoing investment can be improper cashflow management, at times people tend to over  allocate to Bitcoin and find themselves in a situation where they need to sell part to balance those ares they have been neglecting. Even situation where someone fails to keep floats around or reserves and end up needing an extra money to settle some stuff, all this are examples of improper cashflow management.

Exactly.  Improper cashflow management may well lead someone to be continuously having emergencies, and surely there can be situations that might seem to be an emergency to some people but if you are managing your cashflow with emergency funds and reserves, it would be likely that the most major situations that arise would end up being taken from the guy's reserves, and then the reserves would end up getting built back up.. and it could take bit of time to rebuild the reserves depending on how severe of a situation had taken place. which still might not rise to the level of an emergency. which could be getting hit by a bus or in some other way losing your income and/or increasing your expenses for a period time that hopefully ends up being temporary rather than permanent.

[Falconer]

-snip-

I totally agree that saving money during inflation is very hard. By the way it is  good to invest but first you need to make sure you have enough money for living expenses. You should have solid budget in place before investing and also save some extra money so you do not have to sell your investments when prices are low. Changing your investment plans because you do not have enough money can be annoying and costly. So I think it is good idea to build a portfolio and also save some extra money it's a smart way to invest.

Of course, you must have good planning before investing and expecting returns. Having a reserve budget is part of planning for every investor, but not everyone understands it. Having a reserve budget is necessary so that you keep your investment assets intact in the long term, while you can save and accumulate so that your portfolio continues to increase.

There are steps that must be taken before investing, but you don't need to prepare everything because you can still improve it as time goes by. The most important thing is that you have to have a safe budget to invest besides you need it to meet your living needs and a reserve budget.

[kawetsriyanto]

Having a plan before making an investment is of course very important, because if we don't plan well before making an investment it will be very unlikely that we will be able to carry out the investment well and be able to achieve what we want from the investment we make, prepare funds for emergency needs Before deciding to start investing, of course this is very important and we will be able to invest well without having to take out what we have invested when we need emergency funds that we don't know when we will need them.

It doesn't make sense to invest our money without making a plan first. It must be done first before we think to invest some funds into few coins. Planning covers everything, it is related to the goal, strategy, money management, and etc. If we have no plan, there is no way to run the investment because we must have no idea to do it. 

Having a reserve budget is part of planning for every investor, but not everyone understands it. Having a reserve budget is necessary so that you keep your investment assets intact in the long term, while you can save and accumulate so that your portfolio continues to increase.

Does it mean the reserved money for our investment? 
Sure, reserved budget is necessary. When it doesn't run as expected, so we need a little change in our investment. It sometimes requires funds/budget, the reserved money can be used in this situation.

[boty]

If you have identified your various issues, you can work on building your various financial strength simultaneously to getting started in bitcoin, so there is no need to wait until you get all things perfect prior to getting started, so if you know that you already have $10 that you can buy, then buy right away and figure out your other details so that maybe you can later start to become more aggressive in your BTC accumulation approach, including making sure that you can invest 4-10 years or longer with whatever you are putting into bitcoin.. and no problem with also starting out slowly as you are otherwise putting the other aspects of your finances (and psychology) in order.

Building financial strength simultaneously by accumulating Bitcoin will of course make us more financially stable in the future and I really agree with you by starting with whatever funds we have now and while continuing to seek knowledge that we don't yet understand, because if we keep waiting the time is right to start so we have missed an opportunity that we can use now but we have to be patient in going through the process that we have to go through.

It doesn't make sense to invest our money without making a plan first. It must be done first before we think to invest some funds into few coins. Planning covers everything, it is related to the goal, strategy, money management, and etc. If we have no plan, there is no way to run the investment because we must have no idea to do it. 

Yes, you are right, it is not possible for us to invest without planning first, as you said, there are many things that must be prepared before starting to invest so that we can achieve the goals of the investment we are making and also don't let us invest just because we see other people. Others who have been successful in the investments they made and we decided to invest, of course it would be very wrong to do that.

[Sebas.tian]

-snip-

I totally agree that saving money during inflation is very hard. By the way it is  good to invest but first you need to make sure you have enough money for living expenses. You should have solid budget in place before investing and also save some extra money so you do not have to sell your investments when prices are low. Changing your investment plans because you do not have enough money can be annoying and costly. So I think it is good idea to build a portfolio and also save some extra money it's a smart way to invest.

Of course, you must have good planning before investing and expecting returns. Having a reserve budget is part of planning for every investor, but not everyone understands it. Having a reserve budget is necessary so that you keep your investment assets intact in the long term, while you can save and accumulate so that your portfolio continues to increase.

Before you can achieve your goal in the future, you need to set a good plan that will drive you smoothly to achieve your goal without any mistakes in your journey, because you must invest in the bearish season for you to be able to achieve high income in the bullish season. Those that understood it, we definitely save some huge amount of capital or budget to make their plan function in the investment, because it will allow you to purchase a huge amount of Bitcoin when the bearish season appear in the market, which is the right season many investors use to achieve their opportunity to hold Bitcoin. Whenever you succeed to purchase Bitcoin from the Lowest price in the market, and apply long term holding, it show that you are on the road that will lead you to $100,000, because that is the price that will make some investors to sell their Bitcoin when bullish season appear.

[Tmoonz]

-snip-

I totally agree that saving money during inflation is very hard. By the way it is  good to invest but first you need to make sure you have enough money for living expenses. You should have solid budget in place before investing and also save some extra money so you do not have to sell your investments when prices are low. Changing your investment plans because you do not have enough money can be annoying and costly. So I think it is good idea to build a portfolio and also save some extra money it's a smart way to invest.

Of course, you must have good planning before investing and expecting returns. Having a reserve budget is part of planning for every investor, but not everyone understands it. Having a reserve budget is necessary so that you keep your investment assets intact in the long term, while you can save and accumulate so that your portfolio continues to increase.

Before you can achieve your goal in the future, you need to set a good plan that will drive you smoothly to achieve your goal without any mistakes in your journey, because you must invest in the bearish season for you to be able to achieve high income in the bullish season. Those that understood it, we definitely save some huge amount of capital or budget to make their plan function in the investment, because it will allow you to purchase a huge amount of Bitcoin when the bearish season appear in the market, which is the right season many investors use to achieve their opportunity to hold Bitcoin. Whenever you succeed to purchase Bitcoin from the Lowest price in the market, and apply long term holding, it show that you are on the road that will lead you to $100,000, because that is the price that will make some investors to sell their Bitcoin when bullish season appear.

There is absolutely nothing wrong in making mistakes no one is perfect but rather we working towards perfection, because sometimes we become better of by learning from our mistakes, what is most important is how you were able to handle your mistake, were you able to learn from it and make corrections? However, your naratives seems to be talking much about buying Bitcoin at the lower price and sell at high, yes it is good to buy Bitcoin at the bearish season as it gives you the opportunity of buying more quantity of Bitcoin at a lower price with the same amount of money that will give you a lesser quantity of Bitcoin at bullish seasons, but having a long term view of Bitcoin investment doesn't requires making purchases based on market conditions, your most concern should be maximizing every opportunities that shows it's self in the market in other to have a sizeable worth of Bitcoin up to a reasonable amount. dca strategy gives you to opportunity of being in the market on time without any forms of timing the market, as you make purchases irrespective of the price or market conditions with a fixed amount of money that will be affordable to you to accumulate Bitcoin on different intervals either weekly or monthly while you make other arrangements for making more purchases when there is dip of which you can buy aggressively without over doing it where it will affect other of your needs. Buying during bearish season is good but shouldn't be seen as a primary strategy it should be more like a secondary strategy for accumulating Bitcoin. It is no longer new that Bitcoin performs best when view on long perspective of about 4 to 10 years or more considering how much of it's quantity  you have in your bag which you enable you to have a good return which is better than chasing a few dollar profit,  considering selling part of your investment during a bull run should only be associated with those who has a reasonable size of Bitcoin and has held for long or probably has gotten close to their fuck you status or their investment goals and objectives.

[bitterguy28]

Because the what one really need is a good cashflow to handle his accummulation part, and also be patient with his investment by holding for long-term only , in order to have more time and opportunities to gather more . But still knowledge play a crucial way when it comes to investing but don't let it affect yah accumulating part.

Yeah!  Absolutely  one needs a good or strong  cashflow to sustain  your accumulations maybe not necessary too strong but good is a perfect word  generally.

However,Patience is a very important aspect to consider In my view , without  patience all these might be almost impossible  or even impossible because there's no way one's gonna last long  if he doesn't have patience witness some good returns over his stashed Bitcoin investment , all he will focus on his the dip marketseven when he's in profit . I see it as a very important aspect so it needs Bold

Key to success is proper preparation on their investment since if they just came by and invest then take the risk and spend all their hard earned money then provably this will never give them any good result. I really believe that those people who use all their money to invest on bitcoin will go emotional once they see some corrections and to bad for them if they undergo on mental break down since for sure this will result to heavy decision that doesn't benefit them.

That's why its important to have good cashflow since whatever happen in the market we could just able to handle well the situation since we are confident that everything is fine and there's still money left on our side to use for another series of accumulation or to use it on other things that we are interested on.

Patience is key on everything and I believe we can only have this if we are fully equip with knowledge and have alternative source of funds.

One must not be fully equipped with knowledge nor even have an alternative source of income to become successful in Bitcoin long term investment, being financially ready even without an alternative source of income one  can become successful only with a basic knowledge and proper planning, with having the knowledge of dca strategy one can accumulate Bitcoin on different intervals irrespective of the price point either weekly or monthly and become successful. however, it will only take a longer period of time before he or she will build up a sizeable worth of Bitcoin up to a reasonable amount and lastly, to start buying Bitcoin and learn more on your way up is the most important thing than trying to be equipped with knowledge.

To be successful in investing, you need to have a long-term plan as well as a guaranteed source of income and a proper combination of plans because your capital is very valuable to you. The purpose of having an alternate source of income is to not have to disrupt your investment in the event of an emergency or health emergency, or to sell investment capital before reaching investment goals. Investment experts recommend keeping your emergency fund in cash for 3-6 months. You can keep your BTC holding safe and DCA method running consistently as a result. You definitely want to protect your margin.

This is what others does not know , that they need to have a proper source of income when they invest in this kind of market as the volatility and the risk better not to believe that this is an easy investment to make you rich or generate you big income in short time because that is not , so many failure happens from the past because of this mentality so better not to be one of those .