Investment Become Gambling

[yixichloro2xx]

Most at times investment becomes gambling and that because they are both risky the earlier one knows the better investment and gambling are risky and everyone has their own opinion finding someone that has thesame goal with you is very difficult and that's because the way I view things might be quiet different from another person

It depends on the kind of investment then we can consider it to be the same like gambling, Just like investing in shitcoins because shitcoins are not reliable just like gambling outcome. Investment is not gambling,  it depends on what you are investing that can make it to seem as if investment is gambling.

  Your level of understanding can even make good investment like bitcoin to seem like gambling like you. So now, i will say two things that makes you think investment is gambling,  is going into a bad investment and what you understand about investment.

When we invest in the wrong thing based on wrong considerations, then that matter definitely becomes based on luck, and it is like a kind of gambling. When we take any decision by researching and considering our capabilities, and also make sure that how well we are able to manage it and how knowledgeable we are about it, when we are careful about these things, then the matter will definitely not be based on luck but it will be a decision taken based on our research, and as a result it will never be like gambling.

Before making any decision, we have to gain at least general knowledge about it, anything can be equivalent to gambling without complete knowledge, there is no way to deny this. If there is knowledge research risk management and a long-term perspective, that investment is never based on luck, rather it becomes a planned investment, which is not like a gamble.

You are right, investment becomes gambling when someone makes bad  decisions prior to lack of basic knowledge, planning, or risk control. There is a lot of confidence when you know  some small details, understand the risk about the asset in which you are putting your money into, knows their financial capacity, and sets a long term plan, the decision is no longer based on luck but on informed judgment. Having knowledge alone doesn't reduce your risk of making bad investments, another thing is your mental or emotional psychology, how well can you handle pressure like market fluctuations. Some flaw happens when they see that price has dipped they will quickly want to cash out their money, and when it's rising again they will  begin another investment. That is investment done with fear or emotions.

[PremiumcryptoHub]

In bitcoin investment in other not to fall into the temptation of selling your coins at any point in time just avoid selling part no matter how didficul it might be for you, just focus on your long term budget so that you will get to your target as you have planned it , if not you will keep on selling whoever you are in need of cash

To keep the flow of cash flowing in any investment in this country, you need to be involved in any profession or job, then cash will be generated from there and we will continue to invest with discretionary income. In fact, investment can be made from any profession, because a few days ago I saw a post from a member on our Nigerian local board that he is in the barber business and he has a barber shop but he is also very willing to invest in this BTC. In fact, if we have a deposit of $5-10-20 from any profession after paying all our expenses every month, then that is also applicable for investment.

[Olatundespo]

It is not certain when the market will go, so if we are too confident and make decisions beyond our capabilities, then our problems may increase. Those who buy and sell in the short term only hoping that the price will increase, and when the price decreases, they decide to buy a lot more, even beyond their capabilities, then their problems may increase. Because if the price does not go up as they expect, then their panic will increase and as a result they may make wrong decisions, which can lead them to losses. The question is, for what purpose, with what mentality and with what money are you investing. If you invest with long-term objectives, invest through discretionary income, then there will be no problem.

Having the right mindset when investing in Bitcoin, makes them to be able to make decisions that are helpful and supportive in their journey of investment. Though, there are some times that Bitcoin will appear to be helpful, which will make investors to make decisions and at the end, the thing turn out to be what they didn't expect, that is why at times people are ought to stay calm and observe, because Bitcoin does confused people sometimes and if one is not being careful and observant, they will make decisions that will turn out to be a mistake that they will regret later in life.

If you are an investor, you can get confused when the situation goes against you. Consider this confusion as a catalyst and you need to move forward with the best strategy for them. Continuous buying can create a kind of mentality and this happens in reality. Sometimes thinking yourself overly knowledgeable through market analysis creates problems. After reaching the over accumulation height, your decisions may prove to be wrong if you are not able to continue accumulating till that point.

[ruykeri]

To keep the flow of cash flowing in any investment in this country, you need to be involved in any profession or job, then cash will be generated from there and we will continue to invest with discretionary income. In fact, investment can be made from any profession, because a few days ago I saw a post from a member on our Nigerian local board that he is in the barber business and he has a barber shop but he is also very willing to invest in this BTC. In fact, if we have a deposit of $5-10-20 from any profession after paying all our expenses every month, then that is also applicable for investment.

I agree with you. Bitcoin has given people all kinds of freedom. Anyone can invest as they want. They can buy and sell Bitcoin as they want. They have complete freedom in this. But we always try to say that everyone's intention should be given more importance in investing in Bitcoin for the long term. It doesn't matter who is in what profession. As you said, discretionary income is the main thing. If there is a strong discretionary income, then anyone can invest in Bitcoin with a long-term mind set. Only then will investing in Bitcoin remain an investment, not trading or gambling.

[WhoYouCantKill]

If you are an investor, you can get confused when the situation goes against you. Consider this confusion as a catalyst and you need to move forward with the best strategy for them. Continuous buying can create a kind of mentality and this happens in reality. Sometimes thinking yourself overly knowledgeable through market analysis creates problems. After reaching the over accumulation height, your decisions may prove to be wrong if you are not able to continue accumulating till that point.

Exactly!
Most of the times (if not all) the market rewards patience and consistency more than smartness. Always trying to outsmart the market can mostly have disastrous consequences on the investor. Success in Bitcoin investment isn’t always about how smart or knowledgeable or even skillful that the investor is, it’s mostly less about skills but more about trusting the process. Bitcoin has laid down some precedents in its previous cycles and if trusted and followed can help anyone achieve financial freedom through Bitcoin investment without much of a hassle.

[Xackie]

In bitcoin investment in other not to fall into the temptation of selling your coins at any point in time just avoid selling part no matter how didficul it might be for you, just focus on your long term budget so that you will get to your target as you have planned it , if not you will keep on selling whoever you are in need of cash

You can't call yourself an investor if you put your focus alone on accumulating Bitcoin whereby  disregarding your emergency or backup funds, or having a weak emergency funds. Without  that, it causes people to tap into their investments in case an emergency comes up . So you saying "never sell no matter what", that is only applicable to an investor who has built both his investments and emergency savings . People who don't have that will see bitcoin their money making tool , that every profit they see will be withdrawn just to survive. Another thing that force someone to sell early is due to their impatience ( caused by putting your whole focus on market noise) and weak conviction

[UpTober]

You are right.  If a guy is in the process of building up his back up funds, there may well be situations in which the income goes down and/or the expenses go up in such a way that they end up having to tap into their back up funds and to deplete them more than they had intended to deplete them, so then yeah there would likely be some sense of urgency to build them back up depending on the extent to which they had been depleted... which is part of the difference in conceptualizing which portions are emergency funds and which parts are reserve funds, since emergency funds signifies that the amounts have gotten so depleted that there is a priority in building them back up right away, which may well end up taking us away from being able to continue to build up our bitcoin holdings... so yes,. there is ONLY so much money to go around and decisions have to be made how to allocate the funds and to not put our bitcoin holdings at risk of getting tapped into at a time that is not completely of our own choosing.  Each of us are not necessarily going to strike those balance in the same kind of way, yet if we fuck up, we will have to pay the consequences of our having had fucked up... so we need to try to be realistic with ourselves regarding various risks, and there are likely guys who end up choosing to sell some of their bitcoin based on their bitcoin being in "good profits," and so then they might take years and years and years to build their bitcoin holdings back to its previous quantity (which also means that their bitcoin holdings was way smaller than what it could have had been, too, since they were not adding more bitcoin to their holdings at that time but just making up for their past spending) merely based on their having had been lazy in regards to how they had chose to resolve their then financial issues and to strike their various balances in terms of how to resolve their shortage of income and/or their increases in expenses.

We often confuse emergency fund and reserve fund and the way you have clarified the difference between the two has made this discussion even more important. A person is building a reserve fund or backup fund and in the middle of it, his income may suddenly decrease and his expenses may increase. Therefore, if he spends some money from the backup fund, it will not be unusual for that person, but if that fund decreases in such a way that security is reduced, then it can be considered an emergency level, and then it becomes a priority to rebuild it quickly.

[cxtreenal]

In bitcoin investment in other not to fall into the temptation of selling your coins at any point in time just avoid selling part no matter how didficul it might be for you, just focus on your long term budget so that you will get to your target as you have planned it , if not you will keep on selling whoever you are in need of cash

You can't call yourself an investor if you put your focus alone on accumulating Bitcoin whereby  disregarding your emergency or backup funds, or having a weak emergency funds. Without  that, it causes people to tap into their investments in case an emergency comes up . So you saying "never sell no matter what", that is only applicable to an investor who has built both his investments and emergency savings . People who don't have that will see bitcoin their money making tool , that every profit they see will be withdrawn just to survive. Another thing that force someone to sell early is due to their impatience ( caused by putting your whole focus on market noise) and weak conviction

By accumulating Bitcoin and as well as you have emphasized on emergency fund, it is the right decision and a enlightening idea for you. But you also have to remember that if you are determined to invest in Bitcoin and are in the initial stage, then having an emergency fund should not be considered mandatory at that time. Maybe you do not have cash fund but have discretionary income every week. This is the right time for you to accumulate Bitcoin in the initial stage. Having an emergency fund and cash fund with you for long term investment management will be a realistic and correct consideration. Because there may be unexpected situations in your ongoing life and it is important to have a cash fund or emergency fund to solve that problem without having to withdraw Bitcoin

[sotelorene]

In bitcoin investment in other not to fall into the temptation of selling your coins at any point in time just avoid selling part no matter how didficul it might be for you, just focus on your long term budget so that you will get to your target as you have planned it , if not you will keep on selling whoever you are in need of cash

You can't call yourself an investor if you put your focus alone on accumulating Bitcoin whereby  disregarding your emergency or backup funds, or having a weak emergency funds. Without  that, it causes people to tap into their investments in case an emergency comes up . So you saying "never sell no matter what", that is only applicable to an investor who has built both his investments and emergency savings . People who don't have that will see bitcoin their money making tool , that every profit they see will be withdrawn just to survive. Another thing that force someone to sell early is due to their impatience ( caused by putting your whole focus on market noise) and weak conviction

The fact that someone have a weak emergency funds doesn't mean they can not be called an investor, they are an investors and you seems to have forgotten that priority should not be given to our emergency funds but rather to our discretionary income and even when someone is starting their Bitcoin investment, emergency funds is not compulsory at that point as it can be grow later as someone progresses in their accumulation but it becomes someone's problem if they don't want to get an emergency funds but I'm sure someone who understands what they are doing will press to get emergency funds.

[Bigjoe33]

In bitcoin investment in other not to fall into the temptation of selling your coins at any point in time just avoid selling part no matter how didficul it might be for you, just focus on your long term budget so that you will get to your target as you have planned it , if not you will keep on selling whoever you are in need of cash

To keep the flow of cash flowing in any investment in this country, you need to be involved in any profession or job, then cash will be generated from there and we will continue to invest with discretionary income. In fact, investment can be made from any profession, because a few days ago I saw a post from a member on our Nigerian local board that he is in the barber business and he has a barber shop but he is also very willing to invest in this BTC. In fact, if we have a deposit of $5-10-20 from any profession after paying all our expenses every month, then that is also applicable for investment.

Sure, investors must have a source with which they can continually fund there investments. Some might not be steady, due to some people who do not get steady income, but are still able to invest once they get some income and are able to figure out there discretionary income. Perhaps, to keep your investment going, one should ensure to build as emergency funds and other back up funds from his discretionary income as they are very important to ensure the sustainability of your investment.

In bitcoin investment in other not to fall into the temptation of selling your coins at any point in time just avoid selling part no matter how didficul it might be for you, just focus on your long term budget so that you will get to your target as you have planned it , if not you will keep on selling whoever you are in need of cash

You can't call yourself an investor if you put your focus alone on accumulating Bitcoin whereby  disregarding your emergency or backup funds, or having a weak emergency funds. Without  that, it causes people to tap into their investments in case an emergency comes up . So you saying "never sell no matter what", that is only applicable to an investor who has built both his investments and emergency savings . People who don't have that will see bitcoin their money making tool , that every profit they see will be withdrawn just to survive. Another thing that force someone to sell early is due to their impatience ( caused by putting your whole focus on market noise) and weak conviction

By accumulating Bitcoin and as well as you have emphasized on emergency fund, it is the right decision and a enlightening idea for you. But you also have to remember that if you are determined to invest in Bitcoin and are in the initial stage, then having an emergency fund should not be considered mandatory at that time. Maybe you do not have cash fund but have discretionary income every week. This is the right time for you to accumulate Bitcoin in the initial stage. Having an emergency fund and cash fund with you for long term investment management will be a realistic and correct consideration. Because there may be unexpected situations in your ongoing life and it is important to have a cash fund or emergency fund to solve that problem without having to withdraw Bitcoin

Emergency funds is not compulsory to get before starting out your investment, but I must add that it is very important. As much as investors first try to figure out there discretionary income before buying bitcoin, then it's also very important that they also map out some of such discretionary income to build up there emergency funds and other back up funds alongside. So we cannot downplay the important of building or creating our discretionary income alongside as we are building out investment

[GIF-JOBS]

To keep the flow of cash flowing in any investment in this country, you need to be involved in any profession or job, then cash will be generated from there and we will continue to invest with discretionary income. In fact, investment can be made from any profession, because a few days ago I saw a post from a member on our Nigerian local board that he is in the barber business and he has a barber shop but he is also very willing to invest in this BTC. In fact, if we have a deposit of $5-10-20 from any profession after paying all our expenses every month, then that is also applicable for investment.

I agree with you. Bitcoin has given people all kinds of freedom. Anyone can invest as they want. They can buy and sell Bitcoin as they want. They have complete freedom in this. But we always try to say that everyone's intention should be given more importance in investing in Bitcoin for the long term. It doesn't matter who is in what profession. As you said, discretionary income is the main thing. If there is a strong discretionary income, then anyone can invest in Bitcoin with a long-term mind set. Only then will investing in Bitcoin remain an investment, not trading or gambling.

Long-term retention is the most important thing, because Bitcoin is a long-term asset and if we expect significant results from it, we must first decide to hold it for the long term. Even if our income is not very high, if we can maintain proper financial management, then through this we can easily continue investing in Bitcoin continuously, the need here is our own real willpower, but we must ensure that the money we will use for investment will not create any pressure in our daily life.

Because we should not go into investment beyond our capabilities and disrupt our daily life. Because these investments are long-term, then even if we want to, we will not be able to earn any profit from it in the short term, rather, if we have a short-term perspective, it can harm us more. That is why we have to have the mentality of investing, that is, we have to hold it for the long term, and keeping this in mind, we have to create our financial management so that we can manage it very well without any problems.

[cxtreenal]

In bitcoin investment in other not to fall into the temptation of selling your coins at any point in time just avoid selling part no matter how didficul it might be for you, just focus on your long term budget so that you will get to your target as you have planned it , if not you will keep on selling whoever you are in need of cash

You can't call yourself an investor if you put your focus alone on accumulating Bitcoin whereby  disregarding your emergency or backup funds, or having a weak emergency funds. Without  that, it causes people to tap into their investments in case an emergency comes up . So you saying "never sell no matter what", that is only applicable to an investor who has built both his investments and emergency savings . People who don't have that will see bitcoin their money making tool , that every profit they see will be withdrawn just to survive. Another thing that force someone to sell early is due to their impatience ( caused by putting your whole focus on market noise) and weak conviction

By accumulating Bitcoin and as well as you have emphasized on emergency fund, it is the right decision and a enlightening idea for you. But you also have to remember that if you are determined to invest in Bitcoin and are in the initial stage, then having an emergency fund should not be considered mandatory at that time. Maybe you do not have cash fund but have discretionary income every week. This is the right time for you to accumulate Bitcoin in the initial stage. Having an emergency fund and cash fund with you for long term investment management will be a realistic and correct consideration. Because there may be unexpected situations in your ongoing life and it is important to have a cash fund or emergency fund to solve that problem without having to withdraw Bitcoin

Emergency funds is not compulsory to get before starting out your investment, but I must add that it is very important. As much as investors first try to figure out there discretionary income before buying bitcoin, then it's also very important that they also map out some of such discretionary income to build up there emergency funds and other back up funds alongside. So we cannot downplay the important of building or creating our discretionary income alongside as we are building out investment

Surely.. It would not be right to give you any slack in giving importance to the emergency fund. I have advised that if you are in the initial stage and you do not have any funds to keep as an emergency fund at that time, start investing in Bitcoin without it. It is important to continue investing for the long term and that is why you need to make an emergency fund mandatory because you do not know when your unexpected situation will arise.
Just as an investor initially decides to accumulate Bitcoin through discretionary income, he should also manage the fund. Instead of keeping the entire amount of discretionary income for Bitcoin accumulating he should set aside it for an emergency fund over time. Keeping a part of the discretionary income for cash fund for various needs falls under fund management.

[Mehmet69]

Surely.. It would not be right to give you any slack in giving importance to the emergency fund. I have advised that if you are in the initial stage and you do not have any funds to keep as an emergency fund at that time, start investing in Bitcoin without it. It is important to continue investing for the long term and that is why you need to make an emergency fund mandatory because you do not know when your unexpected situation will arise.
Just as an investor initially decides to accumulate Bitcoin through discretionary income, he should also manage the fund. Instead of keeping the entire amount of discretionary income for Bitcoin accumulating he should set aside it for an emergency fund over time. Keeping a part of the discretionary income for cash fund for various needs falls under fund management.

Yes, you are right. It is important to bring funds under management to make Bitcoin investment long-term. Bitcoin is not for short-term investment, short-term investment behaves like another gamble. If the investor is lucky, the investor gains a lot in a short time. But most of the time, short-term investment does not give proper returns to the investors. So, it is important to make investments long-term for real investors.

To make long-term investments, we have to use prudent income properly. So, along with investing in Bitcoin from prudent income, the funds must also be managed properly. I completely agree with you. If an investor does not manage the funds properly, he may have to sell the investment at any time. It is more important to pay attention to not selling the invested money than to save and invest in small amounts.

[ASloveapg]

Surely.. It would not be right to give you any slack in giving importance to the emergency fund. I have advised that if you are in the initial stage and you do not have any funds to keep as an emergency fund at that time, start investing in Bitcoin without it. It is important to continue investing for the long term and that is why you need to make an emergency fund mandatory because you do not know when your unexpected situation will arise.
Just as an investor initially decides to accumulate Bitcoin through discretionary income, he should also manage the fund. Instead of keeping the entire amount of discretionary income for Bitcoin accumulating he should set aside it for an emergency fund over time. Keeping a part of the discretionary income for cash fund for various needs falls under fund management.

Yes, you are right. It is important to bring funds under management to make Bitcoin investment long-term. Bitcoin is not for short-term investment, short-term investment behaves like another gamble. If the investor is lucky, the investor gains a lot in a short time. But most of the time, short-term investment does not give proper returns to the investors. So, it is important to make investments long-term for real investors.

To make long-term investments, we have to use prudent income properly. So, along with investing in Bitcoin from prudent income, the funds must also be managed properly. I completely agree with you. If an investor does not manage the funds properly, he may have to sell the investment at any time. It is more important to pay attention to not selling the invested money than to save and invest in small amounts.

Not short-term, rather long-term objectives are the most important thing in Bitcoin investment. In order to effectively hold Bitcoin for the long term, we need to be prepared in all aspects along with effective financial management. Since the investment is long-term, we need to determine the amount according to the ability to hold it for the long term that we can hold for the long term without any obstacles. This is the main financial management, because if we cannot hold it for the long term, we will eventually face failure, because Bitcoin does not give us any possibility of short-term gains, because it is very volatile in the short term. That is why we have to be careful in these cases, we have to be careful about whether you are financially and mentally capable of managing it properly according to the investment concept.

[JayJuanGee]

It is not certain when the market will go, so if we are too confident and make decisions beyond our capabilities, then our problems may increase. Those who buy and sell in the short term only hoping that the price will increase, and when the price decreases, they decide to buy a lot more, even beyond their capabilities, then their problems may increase. Because if the price does not go up as they expect, then their panic will increase and as a result they may make wrong decisions, which can lead them to losses. The question is, for what purpose, with what mentality and with what money are you investing. If you invest with long-term objectives, invest through discretionary income, then there will be no problem.

Having the right mindset when investing in Bitcoin, makes them to be able to make decisions that are helpful and supportive in their journey of investment. Though, there are some times that Bitcoin will appear to be helpful, which will make investors to make decisions and at the end, the thing turn out to be what they didn't expect, that is why at times people are ought to stay calm and observe, because Bitcoin does confused people sometimes and if one is not being careful and observant, they will make decisions that will turn out to be a mistake that they will regret later in life.

If you are an investor, you can get confused when the situation goes against you. Consider this confusion as a catalyst and you need to move forward with the best strategy for them. Continuous buying can create a kind of mentality and this happens in reality. Sometimes thinking yourself overly knowledgeable through market analysis creates problems. After reaching the over accumulation height, your decisions may prove to be wrong if you are not able to continue accumulating till that point.

Part of the advantage in thinking about investing as a way to incrementally gain your position is that you may well recognize and appreciate that the price may well be going up and down and at the same time, that you have already decided that you are going to be investing into the asset for the long term and in the case of bitcoin having something like a 4-10 year or longer timeline will put you into a better kind of a mindset that does not expect to necessarily get positive concerns in the short term and even an expectation that the price will move against you, which largely just means continuing to buy it - unless you consider that your investment thesis has been broken based on the price going down and perhaps other factors.

Keeping on buying is a great way to continue to reinforce that you are investing rather than trading.. and by extension, you are not gambling either.  You are putting money into something that you tend to believe has good chances of going up in price, even though in the short term you might not have confidence of the price direction.

You are right.  If a guy is in the process of building up his back up funds, there may well be situations in which the income goes down and/or the expenses go up in such a way that they end up having to tap into their back up funds and to deplete them more than they had intended to deplete them, so then yeah there would likely be some sense of urgency to build them back up depending on the extent to which they had been depleted... which is part of the difference in conceptualizing which portions are emergency funds and which parts are reserve funds, since emergency funds signifies that the amounts have gotten so depleted that there is a priority in building them back up right away, which may well end up taking us away from being able to continue to build up our bitcoin holdings... so yes,. there is ONLY so much money to go around and decisions have to be made how to allocate the funds and to not put our bitcoin holdings at risk of getting tapped into at a time that is not completely of our own choosing.  Each of us are not necessarily going to strike those balance in the same kind of way, yet if we fuck up, we will have to pay the consequences of our having had fucked up... so we need to try to be realistic with ourselves regarding various risks, and there are likely guys who end up choosing to sell some of their bitcoin based on their bitcoin being in "good profits," and so then they might take years and years and years to build their bitcoin holdings back to its previous quantity (which also means that their bitcoin holdings was way smaller than what it could have had been, too, since they were not adding more bitcoin to their holdings at that time but just making up for their past spending) merely based on their having had been lazy in regards to how they had chose to resolve their then financial issues and to strike their various balances in terms of how to resolve their shortage of income and/or their increases in expenses.

We often confuse emergency fund and reserve fund and the way you have clarified the difference between the two has made this discussion even more important. A person is building a reserve fund or backup fund and in the middle of it, his income may suddenly decrease and his expenses may increase. Therefore, if he spends some money from the backup fund, it will not be unusual for that person, but if that fund decreases in such a way that security is reduced, then it can be considered an emergency level, and then it becomes a priority to rebuild it quickly.

Exactly, and each of us has to exercise our judgement in regards to how depleted we are going to allow our back up funds to get before we start to have to change our behaviors.  On the front end, if we are depleting our back up funds, we may well recognize that our back up funds are getting so low that we need to either reduce our buying of bitcoin or to stop buying bitcoin (whether weekly or otherwise).  We might have some other expenses that we are going to need to cut, and then maybe our back up funds do not get so low that we need to consider their replacement to be urgent since perhaps in the resumption of our pay (or next paycheck), we have enough money to continue to 1) buy bitcoin, 2) continue to add to our savings at a somewhat regular pace and to 3) engage in discretionary consumption.

Yet there might be incidents in which the amount of our tapping into our back up funds starts to meaningfully increase the risks to a considerable extent that we might have to potentially tap into our bitcoin, so then we likely come to realize that the matter is in even more a of severe status.. and we might even figure out that we were at fault for putting ourselves into such a situation in which we were running out of back up funds. Hopefully we can learn from these situations, even if they do not result in our tapping into our bitcoin, yet if the back up funds got to be way lower than our comfort level, then the increases in the mental and financial stress that we had suffered should help to inform us that we may well need to either create larger back up funds or at least to recognize the seriousness of our funds getting depleted down to certain levels that are both causing us stress but also perhaps not allowing us to continue to be able to buy bitcoin, especially if we are in one of our early bitcoin accumulation stages.

In bitcoin investment in other not to fall into the temptation of selling your coins at any point in time just avoid selling part no matter how didficul it might be for you, just focus on your long term budget so that you will get to your target as you have planned it , if not you will keep on selling whoever you are in need of cash

You can't call yourself an investor if you put your focus alone on accumulating Bitcoin whereby  disregarding your emergency or backup funds, or having a weak emergency funds. Without  that, it causes people to tap into their investments in case an emergency comes up . So you saying "never sell no matter what", that is only applicable to an investor who has built both his investments and emergency savings . People who don't have that will see bitcoin their money making tool , that every profit they see will be withdrawn just to survive. Another thing that force someone to sell early is due to their impatience ( caused by putting your whole focus on market noise) and weak conviction

By accumulating Bitcoin and as well as you have emphasized on emergency fund, it is the right decision and a enlightening idea for you. But you also have to remember that if you are determined to invest in Bitcoin and are in the initial stage, then having an emergency fund should not be considered mandatory at that time. Maybe you do not have cash fund but have discretionary income every week. This is the right time for you to accumulate Bitcoin in the initial stage. Having an emergency fund and cash fund with you for long term investment management will be a realistic and correct consideration. Because there may be unexpected situations in your ongoing life and it is important to have a cash fund or emergency fund to solve that problem without having to withdraw Bitcoin

Even though we do not have to have much if any back up funds when we start investing in bitcoin, we better be careful not to overly dismiss the idea of having back up funds, and/or to build our back up funds simultaneously to building up our bitcoin stash.

Each of us is responsible to figure out, how reliable our income and/or our expenses and also to build our bitcoin investment in such a way that we should never have to tap into it - absent some somewhat unexpected irregularities.

So for example maybe a guy heard about bitcoin and he wants to get started.  He looks at his current cash status, and he sees that he just got paid $1,000 and he has various expenses of around $700.. so really he ONLY has $300 that has to last him for two weeks, and he expects to get paid another $1k.  if the guy really wants to buy bitcoin, he probably should not buy any more than $150 in bitcoin and to save the other $150, and maybe he would be better just buying $70 to $100 in bitcoin, and then saving around $100 and then having the other $100 for possible discretionary consumption.

Of course, if he keeps buying bitcoin every two weeks (presuming that he is getting paid around the same amount every two weeks and his expenses are somewhat regular).

Guys have to figure out the balances and the extent to which they might need to emphasize savings (back up funds) versus bitcoin investing, and I would think in cases that the guy is starting with close to zero back up funds, he might need to focus on building up his back up funds, even if he is also buying bitcoin at the same time, yet perhaps if the guy already had $700 to $1,400 (2-4 weeks) of his expenses already saved up, then maybe at that point he can get his bitcoin investment up to the same size and then maybe grow the back up funds and the amount put into bitcoin at the same pace. If the guy screws up in terms of investing too much or saving too much, then he is going to have to pay the price for those mistakes - and even if it is llikely that many of us will make mistakes along the way, we likely would prefer that any mistakes that we make do not end up setting us back in any meaningful way.