The importance of Not spending

[Grace333]

Investment requires a proper guideline and a proper roadmap. Otherwise, no one gets good results from his investment. Investing is very easy but successfully generating profit from that investment is not easy. The more someone can invest with a good investment plan, the better results he gets. There are many who think of investing as something that they will invest and book a profit after a certain period of time. This is very simple math but the reality is not like that.

I think investing itself is not easy, although everyone can do it, not everyone will be able to do it well. I think that even though this investment can be profitable but we shouldn't just think about my profit, we have to think about how we can still do and run it well, in investing of course patience is needed and not everyone can do it patiently, moreover the existence of profits usually makes some people unable to wait to get it.

Bitcoin investment is for everyone, anyone can invest here, but investing is easy, but holding on to it is the biggest challenge. Those who can hold on here win here, those who can invest here with the mentality of holding on and the courage to avoid volatility and keep themselves stable in the long term, are the ones who can ultimately achieve good results here. But not everyone can hold on, everyone's mentality is different, and not everyone has the ability to be patient in the long term, and that is why even though Bitcoin investment is open to everyone, many cannot survive here.

This is low key so true, buying Bitcoin is easy, but holding is the real issue. The market normally will always shake people out, and impatience also. The people that make it big off Bitcoin are usually the one who understand hodling and prepare their mindset for it.

I understand that different people have different mental strength and financial situations, so holding through market instability is not easy for everyone. That is why even though Bitcoin is open to everybody, only a few persons actually last long and get good results.

[Doll2233]

Not spending is not something you can do if it is not in your hands. Sometimes life throws things at you that you have to spend. For example, I haven't lived a "luxury" life for 5+ years, and I have been spending my money on debt mostly, that is not something I did for fun, it was a "must" and now I am back to normal but that doesn't mean things can get that easy, we have to realize sometimes things are hard and we have to learn to live with it. I get that it may not be simple and we may not see things change that easily but as long as we do what we do, then I think we are going to be fine.

Bitcoin is good investment and millions of people are Investing in that and if anyone want to spend his Bitcoin then it is his fault because that is not time to spend to Bitcoin because that is limited in supply and need of millions of people. Millions of people invested in Bitcoin and after they sell at low price because market could be low at any time and we could see that but after that we saw good pump in the market And they regret to lose their money because that is real money of the future and people should learn that is best investment at all . Bitcoin is one of the big cryptocurrency because we are watching that for the years and people are gaining their money in that . Holding is good for everyone because if person will hold then he will be good in investment.

[Aloysius01]

Before you invest, it is important that you set up a plan for what you're going for, this includes the amount specified on the investment, your other category of money to be used for daily upkeep and that of an emergency fund altogether, the relevance of getting all these into consideration is to help your investment achieve its targets to maturity, when it could have been more profitable, because you can't afford making your investments to hold, then arises some needs you can't afford to hold than to take from what you have invested, not minding even selling at loss
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Buying of property, such as land, Gold, online crypto and Bitcoin for future purpose instead of spending it all, Have a plan before investing know why you are investing how much you are investing and how long, separate your money into categories
Investing money you won't touch until maturity, daily expenses food transport, bills etc emergency fund for unexpected situations, why this matters if you Invest money that you might need soon you could be forced to withdraw early or sell at a loss when emergencies come up, proper planning helps your investment grow to it's full potential and protect you from panic decisions, planing your self wisely will make you happy without losing, calculate before spending it's necessary to know how you spend, for me I like investment buying of property, buying of land or gold that will make profit, investment is the keys for tomorrow why I said so it always makes more profit than spending it all and it's for the future.

[Maliceprime]

When you have no more money then you think that you would just get money from your bitcoin holdings, this is where your investments gets in danger. When you have something to pay for and you already dedicated a part of your investment for that make sure that you will either take out the money immediately when the market is up otherwise the market might just decline and you might end up not being able to pay for whatever it is you have to especially if it is time sensitive.

The most appropriate thing to do is to not spend your bitcoin investment at all until you are really ready to take out half or all of it. That way you won't be that affected if the market declines. Now because you need some bills to pay and the market has declined, you do not want to spend your bitcoin anymore but what other choice do you have when you have no more money at the moment?

It is really crucial to be able to hold bitcoin while also having money saved on the side so you won't have to touch your bitcoin investment. Regardless of whether the market is up or down.

Shame, this is the battle that such investors have to face unfortunately, if you are the type that don't have a way to make money and still invest conveniently you will always be back to sell some Bitcoin or you will start worrying when the market is going down, Bitcoin investment isn't for everyone.

Investment suits those who have a way to survive without the investment itself, not those who don't have a means and believe that they can keep up, sooner or later they will realize that they have made the wrong choices.

No job no investment or else you will end will up wasting your time and energy, unripe investment remains no investment.

[Emeraldo]

Not spending is not something you can do if it is not in your hands. Sometimes life throws things at you that you have to spend. For example, I haven't lived a "luxury" life for 5+ years, and I have been spending my money on debt mostly, that is not something I did for fun, it was a "must" and now I am back to normal but that doesn't mean things can get that easy, we have to realize sometimes things are hard and we have to learn to live with it. I get that it may not be simple and we may not see things change that easily but as long as we do what we do, then I think we are going to be fine.

Bitcoin is good investment and millions of people are Investing in that and if anyone want to spend his Bitcoin then it is his fault because that is not time to spend to Bitcoin because that is limited in supply and need of millions of people. Millions of people invested in Bitcoin and after they sell at low price because market could be low at any time and we could see that but after that we saw good pump in the market And they regret to lose their money because that is real money of the future and people should learn that is best investment at all . Bitcoin is one of the big cryptocurrency because we are watching that for the years and people are gaining their money in that . Holding is good for everyone because if person will hold then he will be good in investment.

People are investing their money in Bitcoin because they have found out that they can make huge profits from investing in Bitcoin like other people are doing. We all want to be profitable but some people may be investing wrongly in Bitcoin when they supposed to invest properly without using funds that are made for something else adding it up so that they can make huge profits from Bitcoin at once and it's wrong.

You don't use funds that are made for emergency or sometimes else to add up in investing in the cryptocurrency market.
Investing should be after you have paid for your bills, the remaining available fund can be divided into two and one part can be used for investment while the other part can be used to and keep for emergency that can occur at anytime.

[WatChe]

Bitcoin is good investment and millions of people are Investing in that and if anyone want to spend his Bitcoin then it is his fault because that is not time to spend to Bitcoin because that is limited in supply and need of millions of people. Millions of people invested in Bitcoin and after they sell at low price because market could be low at any time and we could see that but after that we saw good pump in the market And they regret to lose their money because that is real money of the future and people should learn that is best investment at all . Bitcoin is one of the big cryptocurrency because we are watching that for the years and people are gaining their money in that . Holding is good for everyone because if person will hold then he will be good in investment.

Bitcoin price goes up and down with time and it's nothing to worry that price has down now after rising to ATH in Oct last year. This is not the first nor the last time we are witnessing this price decline. Only those who understand this Bitcoin price pattern get benefited from Bitcoin because they know when price goes then they have to hodl bitcoin or buy more Bitcoin at lower price. Weak hands find it difficult to withstand the pressure situation and they exit whenever there is decline. The key to success with Bitcoin is to invest for long term and withstand the bear market.