Investment Become Gambling

[Somto9Light]

When it comes bitcoin investment investors are expected to invest using only their discretionary income because nothing is guaranteed in bitcoin investment using money out side your discretionary income to buy bitcoin is considered gambling and such person may want to sell when the market is dropping low so that he wouldn't loss all because he never invested with money he can afford to loss, but investing with your discretionary income will so even enable you to hold your bitcoin for long with out selling in a short time.

Investing or buying bitcoin with money that’s not discretionary funds may not necessarily be gambling in all cases, I’d like to consider it as overaggressive accumulation which in some cases can cause the investor to be restless when there’s a market fluctuations especially during the downturns. That’s why investing with discretionary income is always advised. Gambling is more of using money you can’t afford to lose or meant for something else to accumulate Bitcoin with hopes of selling when the market goes up. That’s gambling because you just don’t know for sure what direction the market will go next.

[GIF-JOBS]

When it comes bitcoin investment investors are expected to invest using only their discretionary income because nothing is guaranteed in bitcoin investment using money out side your discretionary income to buy bitcoin is considered gambling and such person may want to sell when the market is dropping low so that he wouldn't loss all because he never invested with money he can afford to loss, but investing with your discretionary income will so even enable you to hold your bitcoin for long with out selling in a short time.

Investing or buying bitcoin with money that’s not discretionary funds may not necessarily be gambling in all cases, I’d like to consider it as overaggressive accumulation which in some cases can cause the investor to be restless when there’s a market fluctuations especially during the downturns. That’s why investing with discretionary income is always advised. Gambling is more of using money you can’t afford to lose or meant for something else to accumulate Bitcoin with hopes of selling when the market goes up. That’s gambling because you just don’t know for sure what direction the market will go next.

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.

[Yorubek]

When it comes bitcoin investment investors are expected to invest using only their discretionary income because nothing is guaranteed in bitcoin investment using money out side your discretionary income to buy bitcoin is considered gambling and such person may want to sell when the market is dropping low so that he wouldn't loss all because he never invested with money he can afford to loss, but investing with your discretionary income will so even enable you to hold your bitcoin for long with out selling in a short time.

Investing or buying bitcoin with money that’s not discretionary funds may not necessarily be gambling in all cases, I’d like to consider it as overaggressive accumulation which in some cases can cause the investor to be restless when there’s a market fluctuations especially during the downturns. That’s why investing with discretionary income is always advised. Gambling is more of using money you can’t afford to lose or meant for something else to accumulate Bitcoin with hopes of selling when the market goes up. That’s gambling because you just don’t know for sure what direction the market will go next.

It is better to invest in Bitcoin with discretionary money, do not invest with money that you cannot afford to lose, even investing with money that you have saved for other necessary work is risky. Bitcoin is a future asset, you cannot make money quickly by investing in Bitcoin. You can achieve success buying Bitcoin in small amount consistently with a long-term plan and holding it for the future with confidence. If you invest in Bitcoin with a gambling mentality, then you will definitely lose financially. You can expect quick results by gambling, but if you expect quick results by investing in Bitcoin, you will most likely lose. So invest in Bitcoin with the future in mind and also keep a emergency fund to deal with unknown dangers.

[Grace333]

When it comes bitcoin investment investors are expected to invest using only their discretionary income because nothing is guaranteed in bitcoin investment using money out side your discretionary income to buy bitcoin is considered gambling and such person may want to sell when the market is dropping low so that he wouldn't loss all because he never invested with money he can afford to loss, but investing with your discretionary income will so even enable you to hold your bitcoin for long with out selling in a short time.

Investing or buying bitcoin with money that’s not discretionary funds may not necessarily be gambling in all cases, I’d like to consider it as overaggressive accumulation which in some cases can cause the investor to be restless when there’s a market fluctuations especially during the downturns. That’s why investing with discretionary income is always advised. Gambling is more of using money you can’t afford to lose or meant for something else to accumulate Bitcoin with hopes of selling when the market goes up. That’s gambling because you just don’t know for sure what direction the market will go next.

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.

I agree with you but investing with discretionary doesn't solve all the problem, you also need to secure your backup fund to help in times of emergency at least building your emergency fund to 3-6 months of your monthly income so that when emergency happens you'll have somewhere to fall back to instead of attempting to disrupt the accumulation and holding process of your bitcoin. One can build their emergency fund along side their bitcoin investment. For instance if you have 20% of your income as discretionary income you can split that percentage evenly to your bitcoin and emergency fund which would be 10% for bitcoin accumulation and 10% for emergency funds. In 2 and half years you would have built your emergency fund to equivalent 3 months or your monthly income.

[Y3shot]

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.

[ASloveapg]

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.

[Rockson1]

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

You seem to be just making shit up, Mikky02.

Had you even thought about your post before posting it?

I will suggest that trading has a tendency to become gambling.

Yet, trading and investing are not the same thing.

Based on investing being based on differing practices and/or mindsets, investing does not necessarily become gambling.

You seem to be mixing up the ideas of trading and investing Mikky02.  Do you know the difference between trading and investing?

I read @Mikky02 post severally but could not understand the points he was trying to make then I concluded that may be he does not actually know whats saying, to keep the record straight, investment has never changed from being investment to something else, he said investment sometimes turn to gambling I think that is a dumb idea, there is nothing like such in investing unless he is trying to refer to trade which you have said but @mikky02 I would have love it, if you can tell us what you, because you heard that investment is risky then you want to compare it with that gambling, so you think both have the same level of risk, too bad Mikky02, you need to learn very well, with what you said, you are not learning.

[PremiumcryptoHub]

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

Do you actually imagine that every investment is a risk and could be considered as gambling? Both bitcoin investment and otherwise, and the only virtue that distinguishes a failed and a successful investment is the dedication,  consistency and patience that comes with the result. There is no better investment if there is no consistency,  only that most investment are controlled and others are not.

You find that every investment is risky but it cannot be considered as gambling. For example, I would not be offended if trading is called gambling but considering Bitcoin investment as gambling is very offensive because Bitcoin investment comes with a discretionary income system, long-term goals and successful investment with dedication and patience. Also, in our Nigeria, if you want to get involved in other investment activities, you have to accept high risks, but even though there is risk in Bitcoin investment, it has increased historically over the years, so that level of risk is worth it because if the locals in our country have proper financial management, they will not have to buy Bitcoin with funds outside their discretionary income, which will allow everyone to long-term BTC as they wish.

When it comes bitcoin investment investors are expected to invest using only their discretionary income because nothing is guaranteed in bitcoin investment using money out side your discretionary income to buy bitcoin is considered gambling and such person may want to sell when the market is dropping low so that he wouldn't loss all because he never invested with money he can afford to loss, but investing with your discretionary income will so even enable you to hold your bitcoin for long with out selling in a short time.

Certainly, when investing in Bitcoin, one should invest with discretionary income, so I also mentioned that if the locals in our country have proper financial management, they will not have to save BTC with funds outside their discretionary income, which will enable everyone to focus on investing with conviction. Perhaps from time to time, the conviction or strategy towards investment changes slightly based on the change in our discretionary income, so at this stage if a person in our Nigeria invests in Bitcoin with funds outside their discretionary income, it is not like gambling, because he may be investing with his reserve fund, backup fund, these are financial arrangements outside the discretionary income of an investor.

[Somto9Light]

I read @Mikky02 post severally but could not understand the points he was trying to make then I concluded that may be he does not actually know whats saying, to keep the record straight, investment has never changed from being investment to something else, he said investment sometimes turn to gambling I think that is a dumb idea, there is nothing like such in investing unless he is trying to refer to trade which you have said but @mikky02 I would have love it, if you can tell us what you, because you heard that investment is risky then you want to compare it with that gambling, so you think both have the same level of risk, too bad Mikky02, you need to learn very well, with what you said, you are not learning.

The only way investment can turn into gambling is when the said investor fail to understand why he is actually investing and eventually become impatient and greedy, then he’ll definitely consider tweaking his strategy, switching from investing to trading, which in other words is called gambling, asides this, I don’t think if there’s anyway that investment especially in Bitcoin can generally switch to gambling l, except of course the investor didn’t do his due diligence.

Or maybe during a dip, an investor without the mental preparedness could actually consider switching to gambling, with hopes of safe guarding his investment and maybe make himself some quick profits.

[JayJuanGee]

When it comes bitcoin investment investors are expected to invest using only their discretionary income because nothing is guaranteed in bitcoin investment using money out side your discretionary income to buy bitcoin is considered gambling and such person may want to sell when the market is dropping low so that he wouldn't loss all because he never invested with money he can afford to loss, but investing with your discretionary income will so even enable you to hold your bitcoin for long with out selling in a short time.

Investing or buying bitcoin with money that’s not discretionary funds may not necessarily be gambling in all cases, I’d like to consider it as overaggressive accumulation which in some cases can cause the investor to be restless when there’s a market fluctuations especially during the downturns. That’s why investing with discretionary income is always advised. Gambling is more of using money you can’t afford to lose or meant for something else to accumulate Bitcoin with hopes of selling when the market goes up. That’s gambling because you just don’t know for sure what direction the market will go next.

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.

I agree with you but investing with discretionary doesn't solve all the problem, you also need to secure your backup fund to help in times of emergency at least building your emergency fund to 3-6 months of your monthly income so that when emergency happens you'll have somewhere to fall back to instead of attempting to disrupt the accumulation and holding process of your bitcoin.

Holy shit Grace333.  How many normal people do you know who have 3-6 months of emergency funds saved up?  I would suspect it is pretty fucking rare that we are going to find normies with that level of preparations, so why are we going to condition our bitcoin investment upon such needs?

Don't get me wrong.  I believe that it is a good idea to have back up funds and to build up back up funds to protect our bitcoin, yet it seems problematic to be thinking about such outrageously high levels of preparation prior to guys building up their bitcoin holdings.... and I am not even saying to build up bitcoin holdings first, but instead try to think reasonably, in reality and to start from where people are at so that individuals are able to build and continue to allow bitcoin to help them in making their preparations better - rather than starting out with unrealistic expectations in regards to what you believe their preparations should be based on some abstract theoretical discussion on the topic of personal financial topics.

One can build their emergency fund along side their bitcoin investment.

Good.  At least you recognize this portion, even though you led your discussion with the idea of 3-6 months of emergency fund... even if a guy is going to put 10% of his income into his emergency fund, it would take 30 to 60 months just to get up to 3-6 months of back up funds... to the extent that guys are able to put away (or save) 10% of their income.. Can you imagine how slow their progress would be in building their emergency fund, and even if you are conceding that they can build their bitcoin investment up at the same time, we still likely need to think about these matters in terms of practicality... and even questions about where the person is at when they come to bitcoin, and are they starting from absolutely zero or do they already have some back up funds?  what about other aspects of their finances?  These days we have so many normal people who would be coming to bitcoin and they already have various debts (outstanding loans), so they might not even have a positive networth, even though it seems to me that even folks with quite messed up finances should be able to figure out ways to get started investing in bitcoin, even if they may have to try to think of a variety of creative ways to attempt to  build themselves out of the financial mess that they find themselves in at the time that they get started in bitcoin.

And, surely we likely realize that the main attribute to get started investing into bitcoin is to have discretionary funds, and surely for anyone who has a lot of messed upfinances, they also might need to seek out ways to increase their discretionary income or even to figure out ways to get regular discretionary funds, even if they don't need to have all of their details worked out at the time that they get started in making their first bitcoin purchase(s).

For instance if you have 20% of your income as discretionary income you can split that percentage evenly to your bitcoin and emergency fund which would be 10% for bitcoin accumulation and 10% for emergency funds.

There are not going to be too many folks who are able to invest 20% of their income, even though I agree with your idea of trying to build up both the bitcoin investment and the back up funds in a somewhat aggressive way for those who have discretionary funds that are capable of such levels of building both the bitcoin investment and the back up funds.
 

In 2 and half years you would have built your emergency fund to equivalent 3 months or your monthly income.

Ok.  this is a correct calculation for someone starting from zero... and yeah, it takes a long time, even with 10% of income invested into each.

By the way, one beneficial aspect that might be worthy of being pointed out is that if a guy is able to invest and/or save 20% of his income, then that means that he is living off only 80% of his income, so in that regard, he does not need to save up his whole income for him to be able to live through a cashflow shortage for three months, he ONLY has to save up 3 months of his expenses, and surely some guys may even be able to cut their expenses further if they end up really finding themselves in a situation where they had lost most if not all of their regular income.

[Grace333]

I agree with you but investing with discretionary doesn't solve all the problem, you also need to secure your backup fund to help in times of emergency at least building your emergency fund to 3-6 months of your monthly income so that when emergency happens you'll have somewhere to fall back to instead of attempting to disrupt the accumulation and holding process of your bitcoin.

Holy shit Grace333.  How many normal people do you know who have 3-6 months of emergency funds saved up?  I would suspect it is pretty fucking rare that we are going to find normies with that level of preparations, so why are we going to condition our bitcoin investment upon such needs?

Don't get me wrong.  I believe that it is a good idea to have back up funds and to build up back up funds to protect our bitcoin, yet it seems problematic to be thinking about such outrageously high levels of preparation prior to guys building up their bitcoin holdings.... and I am not even saying to build up bitcoin holdings first, but instead try to think reasonably, in reality and to start from where people are at so that individuals are able to build and continue to allow bitcoin to help them in making their preparations better - rather than starting out with unrealistic expectations in regards to what you believe their preparations should be based on some abstract theoretical discussion on the topic of personal financial topics.

Ok I get your point, next time I'll try to make it more realistic since someone battling with the habit of keeping up their bitcoin can end up coming across this thread or post, anyways thanks for the heads up.
I might have sounded unrealistic about building that much emergency funds because in reality, emergencies happens and we certainly can't by our own will put all emergency to hold, however it's possible that during the accumulation stage and building of backup fund, emergency might occur which means there's going to be some withdrawal from our backup fund and when that happens, we'll have to continuously build back to a reasonable amount because we don't want to in anyway possible involve our bitcoin when these emergencies pop up from no where. However the duration of building a good back up fund might take longer than the average 2 and half year even if their discretionary allows them to make 10% of their income as backup fund.

[JayJuanGee]

I agree with you but investing with discretionary doesn't solve all the problem, you also need to secure your backup fund to help in times of emergency at least building your emergency fund to 3-6 months of your monthly income so that when emergency happens you'll have somewhere to fall back to instead of attempting to disrupt the accumulation and holding process of your bitcoin.

Holy shit Grace333.  How many normal people do you know who have 3-6 months of emergency funds saved up?  I would suspect it is pretty fucking rare that we are going to find normies with that level of preparations, so why are we going to condition our bitcoin investment upon such needs?

Don't get me wrong.  I believe that it is a good idea to have back up funds and to build up back up funds to protect our bitcoin, yet it seems problematic to be thinking about such outrageously high levels of preparation prior to guys building up their bitcoin holdings.... and I am not even saying to build up bitcoin holdings first, but instead try to think reasonably, in reality and to start from where people are at so that individuals are able to build and continue to allow bitcoin to help them in making their preparations better - rather than starting out with unrealistic expectations in regards to what you believe their preparations should be based on some abstract theoretical discussion on the topic of personal financial topics.

Ok I get your point, next time I'll try to make it more realistic since someone battling with the habit of keeping up their bitcoin can end up coming across this thread or post, anyways thanks for the heads up.
I might have sounded unrealistic about building that much emergency funds because in reality, emergencies happens and we certainly can't by our own will put all emergency to hold,

I understand that I might have come at you in a bit of a hardball way, and largely I was attacking the way you started out your post, even though you did end up making realistic calculations in regards to how long it may well take someone to build up 3 months of emergency/back up funds if he was starting from scratch and that he was also able to dedicate 10% of his income to such build up.

So even your example gives a bit of an indication that you are presuming that there are guys who have absolutely no backup funds and/or emergency funds, yet all of a sudden they need to establish emergency funds that add up to 3-6 months of their expenses merely because they are buying bitcoin

I do under stand that there are people who ongoingly live on the edge, and hopefully the fact that they are starting to invest into bitcoin will inspire them to become more responsible in their cashflow management practice, yet I get the sense that an overwhelming majority of normies have to learn by fucking up, and we cannot expect them to go from zero or near zero to some perfection standard without both building up to it and also recognizing the need for it...so in some sense I try to look at the matter more practically in terms of something being better than nothing while giving some sense that they might need to be ongoingly striving to increase their emergency and their back up funds - which also got me to more commonly start to emphasize the more generic term of backup funds rather than the emergency funds label, since it seems that a lot of guys get distracted away from the idea that we are talking about these concepts in connection with protecting our bitcoin investment rather than our transforming into a status that we are all of a sudden overly preocuppied about emergencies that may or may not happen.

Admittedly, each of us are going to find our balance in our own way in regards to both building up our bitcoin investment and hopefully strengthening our cashflow management systems / practices, and I do frequently tend to presume that most folks are going to already have some systems in place in which they already keep some amount of money to cover themselves from irregularities in their income and/or expenses, so they might already have a practice of keeping 2-6 weeks of their expenses - and they likely are going to be in a place to build their future practice from the practice that they already have.. .yet also that they may well recognize and appreciate that since bitcoin is so volatile and so liquid, they need to put extra systems and extra cash cushions in place to protect themselves from themselves. .so that the strive to not be tempted to tap into their bitcoin at a time that is not of their own choosing - including that if they are really setting goals to invest in bitcoin for 4-10 years or longer, then they better fucking not be trying to touch their bitcoin during that time, unless it is spend and replace... which surely each of us and all of us should be striving to findx places that we can spend our bitcoin, even if it might end up costing us more to participate in such real world transaction opportunities if they come about.

however it's possible that during the accumulation stage and building of backup fund, emergency might occur which means there's going to be some withdrawal from our backup fund and when that happens, we'll have to continuously build back to a reasonable amount because we don't want to in anyway possible involve our bitcoin when these emergencies pop up from no where. However the duration of building a good back up fund might take longer than the average 2 and half year even if their discretionary allows them to make 10% of their income as backup fund.

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.

[cocadalcan]

I read @Mikky02 post severally but could not understand the points he was trying to make then I concluded that may be he does not actually know whats saying, to keep the record straight, investment has never changed from being investment to something else, he said investment sometimes turn to gambling I think that is a dumb idea, there is nothing like such in investing unless he is trying to refer to trade which you have said but @mikky02 I would have love it, if you can tell us what you, because you heard that investment is risky then you want to compare it with that gambling, so you think both have the same level of risk, too bad Mikky02, you need to learn very well, with what you said, you are not learning.

The only way investment can turn into gambling is when the said investor fail to understand why he is actually investing and eventually become impatient and greedy, then he’ll definitely consider tweaking his strategy, switching from investing to trading, which in other words is called gambling, asides this, I don’t think if there’s anyway that investment especially in Bitcoin can generally switch to gambling l, except of course the investor didn’t do his due diligence.

Or maybe during a dip, an investor without the mental preparedness could actually consider switching to gambling, with hopes of safe guarding his investment and maybe make himself some quick profits.

Investors may suffer from FOMO during a Bitcoin slump, but they shouldn't because you should take advice from experienced investors who will tell you that the price will recover. One reason for not being patient in investing is irregular discretionary income or not having an emergency fund. Keep a cash fund along with your Bitcoin savings because this fund will provide you with financial backup in case the price falls. Don't invest with all your available funds. Planned and balanced fund management can make Bitcoin investments long-term.

The reason for short-term trading tendencies from long-term Bitcoin savings is excessive greed or fear of losing capital. To be successful not only in investing but in every field, you need to be patient and hardworking.

[Charcol]

~snip

~snip

One reason for not being patient in investing is irregular discretionary income or not having an emergency fund.

This is not true. Not everyone has a regular income, so saying that this is the reason for losing patience is not the case. When you mention it this way, what the issue stands for is that people with irregular income do not have patience in investing. Rather, you should have said that investing without understanding proper cash management is one of the reasons for losing patience. There are many people with irregular income here, and they have been holding Bitcoin for many years. So why did they not lose patience?
The main thing is to control proper cash management in investing. That is, we need to understand what percentage of capital we should put at risk, how much liquid we need to keep and what our risk tolerance is.

If a person with a regular income also invests money that if lost, it will affect his daily life.  Then the normal volatility will scare him and he is more likely to lose patience. Because he may need that money at any time. On the other hand, a person with irregular income who works on a contract basis can also hold on to it for a long time if he understands his proper cash management, invests from his discretionary income, and plans to hold it for 8-10 years or more.

[Joeboy]

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.

Whatever the reason may be, folks should never sell their Bitcoin holdings that they probably spent a lot of years building... Sure just like you said sir, there may be cases where folks experiences income reduction and also in that state they may face some emergency situations, which requires them to tap from their backup fund unto the point that it gets depleted... But even at that I think balance and some level of flexibility may be very useful in such a case... Balance/flexibility here means reducing the amount of discretionary income that goes into investment so as to have some remnant that will be used to build some backup funds, that could very well work pending the time when that guy's income increases, so he could equally increase his allocation...

[ASloveapg]

When it comes bitcoin investment investors are expected to invest using only their discretionary income because nothing is guaranteed in bitcoin investment using money out side your discretionary income to buy bitcoin is considered gambling and such person may want to sell when the market is dropping low so that he wouldn't loss all because he never invested with money he can afford to loss, but investing with your discretionary income will so even enable you to hold your bitcoin for long with out selling in a short time.

Investing or buying bitcoin with money that’s not discretionary funds may not necessarily be gambling in all cases, I’d like to consider it as overaggressive accumulation which in some cases can cause the investor to be restless when there’s a market fluctuations especially during the downturns. That’s why investing with discretionary income is always advised. Gambling is more of using money you can’t afford to lose or meant for something else to accumulate Bitcoin with hopes of selling when the market goes up. That’s gambling because you just don’t know for sure what direction the market will go next.

It is better to invest in Bitcoin with discretionary money, do not invest with money that you cannot afford to lose, even investing with money that you have saved for other necessary work is risky. Bitcoin is a future asset, you cannot make money quickly by investing in Bitcoin. You can achieve success buying Bitcoin in small amount consistently with a long-term plan and holding it for the future with confidence. If you invest in Bitcoin with a gambling mentality, then you will definitely lose financially. You can expect quick results by gambling, but if you expect quick results by investing in Bitcoin, you will most likely lose. So invest in Bitcoin with the future in mind and also keep a emergency fund to deal with unknown dangers.

At least if we want to expect significant success from Bitcoin, we must make long-term decisions. The price of Bitcoin is volatile, here the rise is as fast as the fall is just as sudden, and this is the main volatility, and this is why it is very risky to make short-term profits from it due to this volatility. It may seem easy, but in reality it is very risky, those who wanted to achieve it have realized how wrong a decision it was for them.

So far, most of those who have been trying such short-term have faced losses, but those who have consistently deposited Bitcoin and are still continuing to deposit, have already accumulated a very good amount of Bitcoin in their portfolio, and this will bring them very good results in the future. That is why stay away from short-term expectations due to greed, it can only harm you, but if we hold on patiently, it can bring surprising success in the future.

[Loyang]

Whatever the reason may be, folks should never sell their Bitcoin holdings that they probably spent a lot of years building... Sure just like you said sir, there may be cases where folks experiences income reduction and also in that state they may face some emergency situations, which requires them to tap from their backup fund unto the point that it gets depleted... But even at that I think balance and some level of flexibility may be very useful in such a case... Balance/flexibility here means reducing the amount of discretionary income that goes into investment so as to have some remnant that will be used to build some backup funds, that could very well work pending the time when that guy's income increases, so he could equally increase his allocation...

A person's first priority should be to protect his family or his life, then investment. Sometimes such a situation arises among us when we are not able to deal with our financial crisis with emergency funds and all other funds. At that time, it is very necessary to deal with our financial crisis without thinking about our investment.

However, if those who have reached the excess savings level want to sell their investment in full, then this will not be the right decision for them. Because the price of Bitcoin is expected to increase much more in the future, everyone is claiming that Bitcoin is still in its initial stage. If someone who has exceeded the deadline wants to withdraw some amount of money from his holding and enjoy it, but withdrawing the entire amount will never be the right decision.

[WhoYouCantKill]

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.

[JayJuanGee]

Whatever the reason may be, folks should never sell their Bitcoin holdings that they probably spent a lot of years building... Sure just like you said sir, there may be cases where folks experiences income reduction and also in that state they may face some emergency situations, which requires them to tap from their backup fund unto the point that it gets depleted... But even at that I think balance and some level of flexibility may be very useful in such a case... Balance/flexibility here means reducing the amount of discretionary income that goes into investment so as to have some remnant that will be used to build some backup funds, that could very well work pending the time when that guy's income increases, so he could equally increase his allocation...

A person's first priority should be to protect his family or his life, then investment. Sometimes such a situation arises among us when we are not able to deal with our financial crisis with emergency funds and all other funds. At that time, it is very necessary to deal with our financial crisis without thinking about our investment.

Sure.  It is possible that we suddenly face expenses that exceed any of our back up funds and our emergency funds, yet we still should be thinking about our investment and giving priority to which funds we are going to spend first.

Yeah, maybe sometime we might suffer from brain damage and someone else has to choose for us, yet if we still have a brain, we should be thinking about priorities and order of spending, and in that sense we might exhaust certain funds first.

Some funds might be more liquid than other funds in terms of who we need to pay and by when they need to receive the payment., so how liquid our funds are might end up affecting which funds we spend from first.

We might have some funds that take several days before they clear and other funds that might take a couple of weeks before they clear.  Bitcoin may or may not take time depending on if we are going through a third party or if we might be able to pay directly... yet we still may well give some thoughts to the liquidity matters (availability) and also we might choose to spend from some funds based on whether they are UP or down relative to other funds, so if we had some funds in stocks, bonds or commodities, versus if we might have some funds in property that might not be able to be liquidated, yet there could be possibilities to borrow against such funds, and there may be some ways of borrowing that give better rates. 

If we are able to think and to have choice (rather than having a gun pointed at us), we do not ignore all of the various cost and/or liquidity and/or value and/or prioritizing factors merely because we are in an emergency situation..

However, if those who have reached the excess savings level want to sell their investment in full, then this will not be the right decision for them. Because the price of Bitcoin is expected to increase much more in the future, everyone is claiming that Bitcoin is still in its initial stage. If someone who has exceeded the deadline wants to withdraw some amount of money from his holding and enjoy it, but withdrawing the entire amount will never be the right decision.

You are contradicting yourself Loyang.  First you said that there might be emergency circumstances that require the selling of everything (including bitcoin) based on the emergency status, and then now you are saying that you should "never" sell everything.  The right answer is that guys should be assessing priorities, and figuring out the ways that they might be able to structure their payments in accordance with what assets that they might have available and other circustances that are then present within the timeline that they are needing to make payments.

[Sonia_123]

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