Balancing Financial security and Bitcoin Accumulation

[Joeboy]

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When you are struggling in buying bitcoin you will end up selling everything soon, to invest in bitcoin and stay consistent in the market you will need a good discretionary income and for you to have this discretionary income it will come through a source but still having a source of income doesn't guarantee you discretionary income because you may still have this source of income and it's not enough to even take care of your most need things, depending on your parents to live will difficult for you to start up a BTC investment.

Kickstarting your Bitcoin accumulation journey is very much different from sustaining it, I think that the part you are confused on... To start all that is required is your discretionary income and since you have been on this forum for quite some time, I guess by now you should have known that discretionary income must not always come from a source of income... Discretionary income as we all know it, is the extra money left after sorting out our basic needs and responsibilities...Back when you where in school didn't you have extra leftover funds after sorting out your basic needs and responsibilities? Am sure you did even though at time it may have been small(or big), whatever the case may be.. This confirms why even student who aren't working can still generate their discretionary income from the allowance they get from their parent or sponsors, and as little as that extra money is, they could very well use it to Kickstart their Bitcoin accumulation journey...

[icebar]

After a person had spent so many years accumulating bitcoin, there could be some once in a while periods that they choose to take some money out without getting tempted to devolve into a habit in which they are ongoingly taking money out of their bitcoin.

Whenever folks take money out of their bitcoin prior to reaching overaccumulation status, they run the risk of delaying their progress in making overaccumulation status, and surely some folks end up drawing out so much from their bitcoin that they never end up being able to reach over accumulation status (when they otherwise were on track to do so). We cannot make judgement for others, and surely guys have way more options in regards to how they manage their bitcoin holdings after they had been accumulating bitcoin for two or more cycles rather than when they are still in their early stages of bitcoin accumulation.

You are right taking some money out from their accumulated Bitcoin with out getting to their over accumulation status could equally be seen as gambling because they are slowly selling when they are supposed to still be accumulating Bitcoin since they are still at there accumulation phase. This method is never good for an investor who is at their early stage they might sell off one day and become a no coiner, an investor right time to take some money from their investment should be when they have reached their over accumulation status which is also holding their Bitcoin above 4 years.

If you can manage your life without selling Bitcoin, then there is no need to sell Bitcoin. But if someone's situation goes to a point where it becomes a matter of life and death, then selling some of their Bitcoin may not be bad. At such a point, you can get an idea of ​​how to sustainably withdraw. No matter how powerful an asset Bitcoin is, it is not more important than our lives.

Again, buying for more than four years does not mean that someone has reached the point of excess savings. Someone may have been buying regularly for four years, but he may still be in a very small position compared to his own long-term goals.