Does the DCA strategy inspire newbies to invest?

[ColdLava40]

Actually, you should buy what you really need, but if you don't need it, then don't buy it. A few days ago I bought a phone. I really needed the phone, so I sold my saved Bitcoin and bought a mobile phone, but it wasn't very expensive, only $215, I couldn't move forward without the phone. I had to stop all my work, and so I was forced to sell Bitcoin to meet my needs. That's why I want to say that when you really need something, you should buy it, but I won't say anything without reason because investing in Bitcoin without buying anything unnecessary will definitely be profitable.

Sold your Bitcoin?

What happened to your backup savings? You should think about having one of those before going into Bitcoin investment. At least don't invest all your money in the market so you don't sell at losses.

Just today the market has already moved a lot and such moves being missed is a lot of profits in the market and you already sold off meaning you missed out on it. But you should try your best to get a back up plan.

Although if you are in a situation of life and death, it's best to do the needful. As long as you are alive then you can always invest again.

[Showlove01]

Actually, you should buy what you really need, but if you don't need it, then don't buy it. A few days ago I bought a phone. I really needed the phone, so I sold my saved Bitcoin and bought a mobile phone, but it wasn't very expensive, only $215, I couldn't move forward without the phone. I had to stop all my work, and so I was forced to sell Bitcoin to meet my needs. That's why I want to say that when you really need something, you should buy it, but I won't say anything without reason because investing in Bitcoin without buying anything unnecessary will definitely be profitable.

It’s true that real life needs come first and should be prioritized when the need be, but I’ll still say that you fell short in the aspect of preparation and that’s why you had to sell from your stash to purchase that phone. I believe with better planning, you wouldn’t have needed to sell your bitcoin in the first place at all unless you have reached your accumulation target already.
Now To prevent something like this from happening again in the future ,it would be wise to separate emergency funds/essential funds from investment funds and also try to avoid over-allocating funds into bitcoin without keeping enough liquid cash. that way you can be able to handle unexpected expenses without disrupting your long term investment position.

This is the common mistake some investors make in their accumulation process, they have been told to only use their discretionary income to accumulate Bitcoin and before this discretionary income is been gotten one ought to have settle his or her expenses and then the leftovers are for Bitcoin investment and from the leftovers we also figure out  emergency funds that will help secure our investment when there's challenge and I think if this dude would have save or have emergency funds, he would not touch his investment because phone is also a need that expense money should catter for or better still use emergency funds.

[alankasman]

This is the common mistake some investors make in their accumulation process, they have been told to only use their discretionary income to accumulate Bitcoin and before this discretionary income is been gotten one ought to have settle his or her expenses and then the leftovers are for Bitcoin investment and from the leftovers we also figure out  emergency funds that will help secure our investment when there's challenge and I think if this dude would have save or have emergency funds, he would not touch his investment because phone is also a need that expense money should catter for or better still use emergency funds.

That means what I need to ask is whether someone who invests in Bitcoin must have an emergency fund to help when the situation is in trouble or what exactly?

Because basically investing in Bitcoin only requires knowledge on how to understand how the market moves with the aim of not making mistakes when accumulating Bitcoin and also many people accumulate Bitcoin by having discretionary income only meaning that one income generated will affect the investment we make because when there is something that is needed for personal or family needs, of course this will make the situation even more difficult so I asked whether when someone invests in Bitcoin they have to prepare an emergency fund or a fund that is saved behind or what things should be done so that with one income they can make a smooth Bitcoin investment by accumulating Bitcoin either weekly or monthly.

[Emjay24]

This is the common mistake some investors make in their accumulation process, they have been told to only use their discretionary income to accumulate Bitcoin and before this discretionary income is been gotten one ought to have settle his or her expenses and then the leftovers are for Bitcoin investment and from the leftovers we also figure out  emergency funds that will help secure our investment when there's challenge and I think if this dude would have save or have emergency funds, he would not touch his investment because phone is also a need that expense money should catter for or better still use emergency funds.

That means what I need to ask is whether someone who invests in Bitcoin must have an emergency fund to help when the situation is in trouble or what exactly?

Because basically investing in Bitcoin only requires knowledge on how to understand how the market moves with the aim of not making mistakes when accumulating Bitcoin and also many people accumulate Bitcoin by having discretionary income only meaning that one income generated will affect the investment we make because when there is something that is needed for personal or family needs, of course this will make the situation even more difficult so I asked whether when someone invests in Bitcoin they have to prepare an emergency fund or a fund that is saved behind or what things should be done so that with one income they can make a smooth Bitcoin investment by accumulating Bitcoin either weekly or monthly.

You do not necessarily need to prepare an emergency fund before starting out your bitcoin investment, you can build it alongside your buying bitcoin. You must remove the money meant for your expenses or family needs first from your income before you can know if there is remainder left which would serve as your discretionary income, you always have to consider your needs first.

If you have discretionary income remaining after taking care of your expenses, then you have to split it into 3 parts, the first for bitcoin investment, second part for savings(this is where your emergency fund and reserve fund falls in) and the last for your discretionary consumption. Emergency fund is for a real emergency like accidents, health emergencies e.t.c, they are not meant for your family needs, that should fall under your expenses which you should consider first as your income arrives. If you engage in good cashflow management practices, the possibility of having much difficulties in your investing into bitcoin is drastically reduced.

[Sim_card]

That means what I need to ask is whether someone who invests in Bitcoin must have an emergency fund to help when the situation is in trouble or what exactly?

If a brand new investor doesn't have any form of backup funds before he got interested in bitcoin investment, he can start buying right away if he has his discretionary income because that's the most important thing since you can build your emergency funds simultaneously with your bitcoin investment till it reaches three months of your monthly expenses.

If you want to wait till you build your emergency funds before starting your Bitcoin investment, it will deprive you from getting started and that will make you lose a lot of opportunities in the market that you should have used to buy and grow your bitcoin portfolio to a certain size. The reason is because, it can take more than one year to set up an emergency funds of three months of your monthly expenses.

There is no need building an emergency funds when you don't have a bitcoin investment to back up. Also keeping too much fiat in your possession isn't a good idea because fiat depreciates overtime. This is why you need to get started immediately your discretionary income is available because bitcoin is a good asset to accumulate early when you have the opportunity to do so. Bitcoin is the opposite to fiat because it's a store of value overtime.

[Kryptonite788]

That means what I need to ask is whether someone who invests in Bitcoin must have an emergency fund to help when the situation is in trouble or what exactly?

Because basically investing in Bitcoin only requires knowledge on how to understand how the market moves with the aim of not making mistakes when accumulating Bitcoin and also many people accumulate Bitcoin by having discretionary income only meaning that one income generated will affect the investment we make because when there is something that is needed for personal or family needs, of course this will make the situation even more difficult so I asked whether when someone invests in Bitcoin they have to prepare an emergency fund or a fund that is saved behind or what things should be done so that with one income they can make a smooth Bitcoin investment by accumulating Bitcoin either weekly or monthly.

Emergency funds is not optional, it’s a necessity if you want your investment to go smoothly especially if you’re relying on one income source and the sooner some investors start to understand this ,the better for them.
Investing without emergency funds is just like building a house without a foundation, it may stand for a short while but as soon a storm shows up, it will fall and its weakness would be exposed.
Now in as much as emergency fund is important to have, both newbies and experienced investors should not have to wait to have emergency funds before starting to invest, they can be investing and also building emergency funds simultaneously but this should be done in a structured way and that’s where DCA comes in handy because it encourages consistency while managing financial stability.

[cocadalcan]

Actually, you should buy what you really need, but if you don't need it, then don't buy it. A few days ago I bought a phone. I really needed the phone, so I sold my saved Bitcoin and bought a mobile phone, but it wasn't very expensive, only $215, I couldn't move forward without the phone. I had to stop all my work, and so I was forced to sell Bitcoin to meet my needs. That's why I want to say that when you really need something, you should buy it, but I won't say anything without reason because investing in Bitcoin without buying anything unnecessary will definitely be profitable.

It’s true that real life needs come first and should be prioritized when the need be, but I’ll still say that you fell short in the aspect of preparation and that’s why you had to sell from your stash to purchase that phone. I believe with better planning, you wouldn’t have needed to sell your bitcoin in the first place at all unless you have reached your accumulation target already.
Now To prevent something like this from happening again in the future ,it would be wise to separate emergency funds/essential funds from investment funds and also try to avoid over-allocating funds into bitcoin without keeping enough liquid cash. that way you can be able to handle unexpected expenses without disrupting your long term investment position.

This is the common mistake some investors make in their accumulation process, they have been told to only use their discretionary income to accumulate Bitcoin and before this discretionary income is been gotten one ought to have settle his or her expenses and then the leftovers are for Bitcoin investment and from the leftovers we also figure out  emergency funds that will help secure our investment when there's challenge and I think if this dude would have save or have emergency funds, he would not touch his investment because phone is also a need that expense money should catter for or better still use emergency funds.

The funds that are left after meeting your needs from the money you earn are your discretionary income. Instead of buying Bitcoin with the entire amount of that discretionary income, keep 60% for Bitcoin accumulation, 30% for an emergency fund, and the remaining 10% for your extra expenses. An emergency fund allocation will not always be necessary because once a certain amount of emergency fund is accumulated, you can keep the allocated 30% as a reserve fund and sometime aggressively buy Bitcoin.

In order to get rich in the short term, some investors advise keeping a certain amount of funds from the earned funds for investments and spending the remaining amount on the family. I think this is the wrong investment strategy because this strategy will increase stinginess and will be equivalent to living a poor life. Use a part of your discretionary income for accumulating Bitcoin and start with a long term investment target such as 4-10 years or more.

[MusaPk]

Sold your Bitcoin?

What happened to your backup savings? You should think about having one of those before going into Bitcoin investment. At least don't invest all your money in the market so you don't sell at losses.

Just today the market has already moved a lot and such moves being missed is a lot of profits in the market and you already sold off meaning you missed out on it. But you should try your best to get a back up plan.

Although if you are in a situation of life and death, it's best to do the needful. As long as you are alive then you can always invest again.

One thing we all need to keep in mind is that Bitcoin is a long term investment and if we want to hold our Bitcoins for long term then we need to keep few things in mind. First is that we need to have a discretionary income that we can use to buy Bitcoins. Why discretionary income is important is because if you buy Bitcoins from your normal income then there are chances that you will sell your bitcoins in case of urgency. The breakdown of your income must have three parts i.e. funds for daily living, emergency funds and discretionary income for buying Bitcoins.

[Hyphen(-)]

Actually, you should buy what you really need, but if you don't need it, then don't buy it. A few days ago I bought a phone. I really needed the phone, so I sold my saved Bitcoin and bought a mobile phone, but it wasn't very expensive, only $215, I couldn't move forward without the phone. I had to stop all my work, and so I was forced to sell Bitcoin to meet my needs. That's why I want to say that when you really need something, you should buy it, but I won't say anything without reason because investing in Bitcoin without buying anything unnecessary will definitely be profitable.

Sold your Bitcoin?

What happened to your backup savings? You should think about having one of those before going into Bitcoin investment. At least don't invest all your money in the market so you don't sell at losses.

Just today the market has already moved a lot and such moves being missed is a lot of profits in the market and you already sold off meaning you missed out on it. But you should try your best to get a back up plan.

Although if you are in a situation of life and death, it's best to do the needful. As long as you are alive then you can always invest again.

This case is not about any situation of life and death with this mate; he probably didn’t follow the rules of the DCA investment that ask us to have backup money for your upkeep and for any emergency that will come up so that you will not be forced to touch your Bitcoin savings.

If you have to visit your Bitcoin savings always when you need emergency money then you need to improve your savings strategy, you cannot always depends in your  Bitcoin savings  you are supposed to hold for long, and that’s why the DCA method is encouraged so that you can be free and invest using some part of the money you are earning weekly, monthly, Andy time of your convenience so that you can have some money saved outside Bitcoin investment for your daily life and your upkeep.

[AYOBA]

You should learn from this experience and build yourself up so that in the future you won’t find yourself in circumstances like this. You left your bitcoin investment exposed. So if it were a problem that was bigger than $215 you would emptied your portfolio and become a no coiner. If I were in your shoe, I wouldn’t turn to my bitcoin directly. I will take a loan and get myself a phone. Then reduce the allocation I use in buying bitcoin weekly or monthly till I fully repay the loan before returning it to the previous allocation. Then start building up emergency and backup funds accounts to avoid finding myself in similar situation in the future.

Some people approach the Bitcoin investments wrongly and that’s why even with the experience some people can’t build themselves up to their future to see why they can achieved, and the Bitcoin investments is an assets that we need to keep very safe, but I don’t know why some people will go and expose their Bitcoin investments.

Those types of peoples don’t know how the Bitcoin worth and that’s they don’t even take it serious when they come to invest Bitcoin, they will later regret it after they see that those people that they started the investment with have gone far by achieving something better for themselves.

[Itz-prisigold]

Actually, you should buy what you really need, but if you don't need it, then don't buy it. A few days ago I bought a phone. I really needed the phone, so I sold my saved Bitcoin and bought a mobile phone, but it wasn't very expensive, only $215, I couldn't move forward without the phone. I had to stop all my work, and so I was forced to sell Bitcoin to meet my needs. That's why I want to say that when you really need something, you should buy it, but I won't say anything without reason because investing in Bitcoin without buying anything unnecessary will definitely be profitable.

That is not a very good investment structure and this is not something anyone should normalized. This problem was not that you actually needed a phone, the problem is that your Bitcoin was your back up plan. And this act just prove that there was no proper financial setup in place. See in Bitcoin, when your mindset is in long term, you are not supposed to dip in just for basic needs or predictable needs.

I can't even say that a phone is an unexpected emergency, It is a predictable expense, so when something of that sort actually forced you to sell your Bitcoin, that is a evident that there were no backup funds, no planning and no separation between investment and daily life expenditures. That is not investing, that is simply poor allocation.

This is precisely the way how people interrupt their accumulation and end up later complaining that they did not get to enjoy the benefits of holding, the problem here is not the market but the structure.

The best Bitcoin approach is very simple as ABC, which is to invest only what you can actually afford to leave untouched. Let me tell you, if you are still in a situation where you are actually forced to sell your Bitcoin, then even increasing your Bitcoin should not even be on the list, but rather the focus should be to fix your financial structure, to create backup funds and understand your discretionary income.

[The Founding Titan]

I dont see anything difficult about combining the three strategy provided you know what you are doing. An investor can be doing DCA strategy using discretionionary income and still apply the other two strategies. An extra cash may rise or a huge sum of money as a gift, an investor can decide to used this huge sum to do lump sum since the money wasn't meant for his or her expenses. It is also possible for an investor to set aside some percentage of there discretionionary income for buying the dip whenever it will occur. I don't see how combining this strategies will become a problem provided you know what you are doing.

If you are accumulating Bitcoin for sometimes and you get some extra cash all of sudden then you won't buy an expensive smartphone with that money rather you will invest all that in Bitcoin as Lump Sum investment. The reason is that as you continue to spend time in accumulating Bitcoins along with your research then you can easily see that investing in Bitcoin for long term is best idea. Whether its investment, sports or any other domain, with time we learn new techniques which help us in better handling of that particular domain. 

Actually, you should buy what you really need, but if you don't need it, then don't buy it. A few days ago I bought a phone. I really needed the phone, so I sold my saved Bitcoin and bought a mobile phone, but it wasn't very expensive, only $215, I couldn't move forward without the phone. I had to stop all my work, and so I was forced to sell Bitcoin to meet my needs. That's why I want to say that when you really need something, you should buy it, but I won't say anything without reason because investing in Bitcoin without buying anything unnecessary will definitely be profitable.

The reason why people invest with their discretionary income is so that their investment doesn't interfere with them getting the things they NEED, the general assumption is that all of your needs have already been taken care of and then you buy bitcoin with what's left after all that, with your discretionary income so if you are buying the things you need from your bitcoin then it probably means you were not accumulating bitcoin solely with your discretionary income, you were probably reaching outside of it and if that's the case then that probably why you saw the need to sell your stash in order to get yourself a phone, except in case of emergency people usually budget to buy phones, it's not just a quick moment decision so it would have made more sense for you to save up to buy that phone and if it was an emergency and you needed it real fast then your emergency fund should have played it's role there, it should have shielded your bitcoin from being solded unless there was no emergency fund or any other backup fund available in general.
Hopefully now you will understand the value of setting up these back up fund and hopefully in the future they help keep you from selling your bitcoin like this again.

[laspol65]

Actually, you should buy what you really need, but if you don't need it, then don't buy it. A few days ago I bought a phone. I really needed the phone, so I sold my saved Bitcoin and bought a mobile phone, but it wasn't very expensive, only $215, I couldn't move forward without the phone. I had to stop all my work, and so I was forced to sell Bitcoin to meet my needs. That's why I want to say that when you really need something, you should buy it, but I won't say anything without reason because investing in Bitcoin without buying anything unnecessary will definitely be profitable.

It’s true that real life needs come first and should be prioritized when the need be, but I’ll still say that you fell short in the aspect of preparation and that’s why you had to sell from your stash to purchase that phone. I believe with better planning, you wouldn’t have needed to sell your bitcoin in the first place at all unless you have reached your accumulation target already.
Now To prevent something like this from happening again in the future ,it would be wise to separate emergency funds/essential funds from investment funds and also try to avoid over-allocating funds into bitcoin without keeping enough liquid cash. that way you can be able to handle unexpected expenses without disrupting your long term investment position.

This is the common mistake some investors make in their accumulation process, they have been told to only use their discretionary income to accumulate Bitcoin and before this discretionary income is been gotten one ought to have settle his or her expenses and then the leftovers are for Bitcoin investment and from the leftovers we also figure out  emergency funds that will help secure our investment when there's challenge and I think if this dude would have save or have emergency funds, he would not touch his investment because phone is also a need that expense money should catter for or better still use emergency funds.

We recognize the emergency fund as the guardian of Bitcoin investment, because if Bitcoin investment is held for a long time, it is necessary to form an emergency fund to maintain it periodically. Because many people may face danger, so this emergency fund should be dealt with before extra pressure is created on Bitcoin investment.
Because in this current situation, Bitcoin investment is very important because investing is very important if future money is to be ethically successful. Therefore, it is even more important to form an emergency fund to maintain Bitcoin investment, then it will be easier to hold it for a long time and achieve more benefits.

[Davidloki]

I think we should be more careful in choosing which is more necessary whether it is the needs that must be met for the family's needs or for the investments we will make because these two things must be prioritized because sometimes the income we have is only sufficient for daily needs or even sufficient for both of these things and this will not be a problem if both of these things are done by someone because if doing both of these things because basically a person still has goals for the future especially if the income generated by someone is sufficient as I mentioned earlier which is that for investment matters it is also sufficient with the income generated and there will be no problems that will approach us as long as everything is sufficient for both of the things we discussed earlier.

No situation should you be choosing between taking care of the family need and investment. Obviously family need comes first before any other expenses. Investment is done when you are capable which makes it optional in this case.

If someone is in a position to choose whether they should feed their family or invest in Bitcoin, then that person is not ready to start bitcoin investment in the first place. Basically such person is not financially stable yet if he has to choose.

Money meant for Bitcoin investment are discretionary income, money you dont mind using at all, money you can afford to lock up for a long period of time without it affecting your responsibility at home. If your family lives depend on the money you want to use for Bitcoin investment it is dangerous because you shouldn't be using it all.

Yes, I understand the importance of planning for the future by investing in Bitcoin, but in a nutshell you cant be planning for the future without solving the problems in the present. If you do that, it is certain that you will touch your investment later in the future when the family can no longer stay in abject poverty with you anymore. Take good care of your family first, ensure your income is stable before you think of starting Bitcoin investment that is bound for long term.

[Olatundespo]

You should learn from this experience and build yourself up so that in the future you won’t find yourself in circumstances like this. You left your bitcoin investment exposed. So if it were a problem that was bigger than $215 you would emptied your portfolio and become a no coiner. If I were in your shoe, I wouldn’t turn to my bitcoin directly. I will take a loan and get myself a phone. Then reduce the allocation I use in buying bitcoin weekly or monthly till I fully repay the loan before returning it to the previous allocation. Then start building up emergency and backup funds accounts to avoid finding myself in similar situation in the future.

Some people approach the Bitcoin investments wrongly and that’s why even with the experience some people can’t build themselves up to their future to see why they can achieved, and the Bitcoin investments is an assets that we need to keep very safe, but I don’t know why some people will go and expose their Bitcoin investments.

Those types of peoples don’t know how the Bitcoin worth and that’s they don’t even take it serious when they come to invest Bitcoin, they will later regret it after they see that those people that they started the investment with have gone far by achieving something better for themselves.

Not everyone puts their investment experience to good use. For example, you may have been involved in investing for a long time and have been accumulating Bitcoin. After a cycle or two, you may want to grow your wealth faster. One good reason for this is that folk demand is infinite. When a person gets more than he expects he expects more and gradually he wants more.

Comparing Bitcoin investment with other investments may not be the right regard for you. As there is risk in Bitcoin investment and there is a strong possibility of getting high profits for you by saving for the long term. Long term time frame is more than one cycle or a period of 4-10 years by regularly accumulating Bitcoin.

Set aside a large portion of your discretionary income to accumulate Bitcoin regularly, keep an emergency fund and a reserve or floating fund available. Market conditions will change but the accumulation strategy you have to take is to remain consistent and continue to Bitcoin regularly because as Bitcoin holdings grow and it is an independent financial system for you.

[Cyber_warrior]

Actually, you should buy what you really need, but if you don't need it, then don't buy it. A few days ago I bought a phone. I really needed the phone, so I sold my saved Bitcoin and bought a mobile phone, but it wasn't very expensive, only $215, I couldn't move forward without the phone. I had to stop all my work, and so I was forced to sell Bitcoin to meet my needs. That's why I want to say that when you really need something, you should buy it, but I won't say anything without reason because investing in Bitcoin without buying anything unnecessary will definitely be profitable.

Sold your Bitcoin?

What happened to your backup savings? You should think about having one of those before going into Bitcoin investment. At least don't invest all your money in the market so you don't sell at losses.

Just today the market has already moved a lot and such moves being missed is a lot of profits in the market and you already sold off meaning you missed out on it. But you should try your best to get a back up plan.

Although if you are in a situation of life and death, it's best to do the needful. As long as you are alive then you can always invest again.

This case is not about any situation of life and death with this mate; he probably didn’t follow the rules of the DCA investment that ask us to have backup money for your upkeep and for any emergency that will come up so that you will not be forced to touch your Bitcoin savings.

If you have to visit your Bitcoin savings always when you need emergency money then you need to improve your savings strategy, you cannot always depends in your  Bitcoin savings  you are supposed to hold for long, and that’s why the DCA method is encouraged so that you can be free and invest using some part of the money you are earning weekly, monthly, Andy time of your convenience so that you can have some money saved outside Bitcoin investment for your daily life and your upkeep.

That's right, and he probably didn't invest using discretionary income meaning he didn't attend to his necessary needs and went on to invest. All the practices were not good practices and this is usually the end result when you don't invest accordingly as you should by putting in place all the necessary finances when investing. Selling during the accumulation stage can affect your Bitcoin portfolio. Once you start dipping into it, it can become a habit thatt will be hard to control which will shift you away from your long term investing mindset so It's better to avoid it initially.
The main issue is not DCA itself but discipline. You really need separate emergency funds so you don't end up relying on your portfolio whenever an emergency come up that way long term investing can actually work. Also it's good to know that DCA doesn’t require strict weekly or monthly rules consistency is all that matters.

[alankasman]

If a brand new investor doesn't have any form of backup funds before he got interested in bitcoin investment, he can start buying right away if he has his discretionary income because that's the most important thing since you can build your emergency funds simultaneously with your bitcoin investment till it reaches three months of your monthly expenses.
If you want to wait till you build your emergency funds before starting your Bitcoin investment, it will deprive you from getting started and that will make you lose a lot of opportunities in the market that you should have used to buy and grow your bitcoin portfolio to a certain size. The reason is because, it can take more than one year to set up an emergency funds of three months of your monthly expenses.
There is no need building an emergency funds when you don't have a bitcoin investment to back up. Also keeping too much fiat in your possession isn't a good idea because fiat depreciates overtime. This is why you need to get started immediately your discretionary income is available because bitcoin is a good asset to accumulate early when you have the opportunity to do so. Bitcoin is the opposite to fiat because it's a store of value overtime.

This means they should just keep going without thinking about the backup fund first. As I understand what you mean the backup fund will be there after someone has completed their goal of buying for investment whether long-term or short-term. I also need to ask what happens if an investor can't build an emergency fund or backup fund after starting to invest as you mentioned. Is this part of the risk the investor must accept?

And this is the right thing to do because there's no need to wait to start investing. When someone starts they're certainly taking the right steps. We don't know the opportunities we'll get from what we've done when we first started buying Bitcoin. Therefore we must learn this momentum simply to grow our Bitcoin portfolio for the future. Sometimes this momentum doesn't have to wait until after we start because we use methods when buying Bitcoin without considering market prices. This is because we don't waste opportunities or time when starting or doing it.

This is the same thing that someone does when doing DCA when the price is in decline but when they have invested for 5-8 years but when the market price is in a significant increase but still hold back from selling even though if the amount that has been accumulated half of that amount can be sold because we also need to enjoy the results of the profits that have been obtained because basically a person's target will not be the same as what we think even though sometimes someone has the goal of increasing the number of assets but for me it feels bad because it is too much to hold back but there are other reasons that they may hold back or do like that because there are emergency funds saved for the needs to be spent so they dare to hold back from selling half that has been accumulated.

[PhilosopherKing]

Because inasmuch as you sell your Bitcoin and still have the intention of buying it back when you have enough money, its definitely not a bad idea.

Do you know how dumb it sound to invest without backup money and sell your stash because the person didn't plan to make create backup money. Price wait for no one, prices go down the way it want and can go up again,  when person sell so he will buy later he has two choices, to buy back in a high price or to stay out of the market because the price has gone up, either way the person loose.

So prepare and create backup fund, don't let the market catch you unprepared.

[Barikui1]

Because inasmuch as you sell your Bitcoin and still have the intention of buying it back when you have enough money, its definitely not a bad idea.

Do you know how dumb it sound to invest without backup money and sell your stash because the person didn't plan to make create backup money. Price wait for no one, prices go down the way it want and can go up again,  when person sell so he will buy later

This is what real gambling with your Bitcoin investment is, because selling prematurely and hoping to buy back when the value of Bitcoin has gone down, which we all don't know when it may happen is just another way to say that, I just want to sell and try my luck if the market might dip again, so that I will buy again. And that is no longer an investment, but it's more of trading or  gambling because he or she is trying to outsmart the market that is near impossible, hoping for a quick profit that wouldn't have any significant effect on his finances, so it's a wrong way for any Bitcoin investor to follow, since his ideas is just too myopic.

[The Founding Titan]

Because inasmuch as you sell your Bitcoin and still have the intention of buying it back when you have enough money, its definitely not a bad idea.

Do you know how dumb it sound to invest without backup money and sell your stash because the person didn't plan to make create backup money. Price wait for no one, prices go down the way it want and can go up again,  when person sell so he will buy later he has two choices, to buy back in a high price or to stay out of the market because the price has gone up, either way the person loose.

So prepare and create backup fund, don't let the market catch you unprepared.

People can start investing even without setting up their backup funds yet, we shouldn't delay our investment because we want to set this things up, that said we should also make sure that while we are accumulating bitcoin we are also building these backup funds up and we as doing all of this with our discretionary income, we should watch out to not go beyond our discretionary income because we want to accumulate more, that's usually what leads to having to sell too early because when you've bought outside of your discretionary income you will still need to find a way to pay for what the money was initially intended for which will lead to selling your stash, it's better to just stick to your discretionary income and avoid situations like this, set up your emergency fund alongside your investment all from your discretionary income.