Investment Become Gambling

[cxtreenal]

Some new investors are confused about emergency funds in the initial stages of Bitcoin accumulation. They think that they need an emergency fund at the beginning. You need a discretionary income at the beginning and that is the important thing without wasting time.

If someone wants to do research before starting Bitcoin, they can do it in the short term but it does not need to spend too much time on it. The underlying pattern of Bitcoin has a clear prediction that the price will increase in the future as its demand increases.

Accumulate Bitcoin regularly in the long term using DCA method. If emergency funds are not available at the beginning, plan to build this fund from discretionary income because to have a sustainable Bitcoin holding in the future you will need to do DCA regularly and be financially prepared for any unexpected emergencies.

If you have extra money to start investing, you can start. Being aware of your income, cash flow, and emergency fund is a good sign. However, you should not delay investing by focusing more on other preparations, including an emergency fund. An emergency fund is necessary, but if someone is sure that after starting investing, they will not have any emergency where they need the money or they already have a small amount of funds, then it is better not to delay investing to create a complete fund. Because an emergency fund can be created with a small amount of investment. That is, two areas can be created together.

It is not important to start accumulation Bitcoin with an emergency fund available but if an investor wants to do so it is good but if they spend too much time on building an emergency fund, it will not be the right investment decision. You have the opportunity to accumulate Bitcoin through discretionary income and also build an emergency fund. So it is not worth wasting extra time to start accumulation Bitcoin.

My argument is that if you do not need additional funds if you only have discretionary income, start accumulation Bitcoin without wasting time. The importance of starting an investment is as important as the value of time because Bitcoin is a store of value and has a strong potential to increase in value over time. Gradually the DCA method and long term strategy will increase the Bitcoin stack. Keep the emergency fund size sufficient to cover at least three months of daily household expenses.

[Fiasem20]

Do you think that mental and behavioral control are similar important with financial management, risk management  in investing?

✨

By definition, h was gambling his way to profits. That's what most investor  do today.

People because of fear would monitor the market like a hawk watching its prey. This is why they make so many mistakes that ruins their investments too early. A long term investors has lesser chances of losing when he holds for long.

The market can fluctuate all it wants, but a long term investment would counter for those period of volatility and reward the investor with more profits when price breaks out of it's previous high.

People are literally tensed with bitcoin price fluctuation because they’re not sure it would skyrocket again.Ever since bitcoin was introduced in the world,has it ever dropped and never increase in the future.Most individuals especially the newer investors are just clouded by fear and uncertainty,there’s absolutely nothing to be afraid of when it comes to bitcoin,bitcoin doesn’t belong to the pump and dump scheme.A long term investor isn’t scared or panicked by the price decline of bitcoin,it is certain that they would always be a bearish and a bullish season.So currently,bitcoin is at it’s bearish season and as a long term investor it isn’t actually necessary monitoring the price chart of bitcoin.

[ruykeri]

Do you think that mental and behavioral control are similar important with financial management, risk management  in investing?

✨

By definition, h was gambling his way to profits. That's what most investor  do today.

People because of fear would monitor the market like a hawk watching its prey. This is why they make so many mistakes that ruins their investments too early. A long term investors has lesser chances of losing when he holds for long.

The market can fluctuate all it wants, but a long term investment would counter for those period of volatility and reward the investor with more profits when price breaks out of it's previous high.

People are literally tensed with bitcoin price fluctuation because they’re not sure it would skyrocket again.Ever since bitcoin was introduced in the world,has it ever dropped and never increase in the future.Most individuals especially the newer investors are just clouded by fear and uncertainty,there’s absolutely nothing to be afraid of when it comes to bitcoin,bitcoin doesn’t belong to the pump and dump scheme.A long term investor isn’t scared or panicked by the price decline of bitcoin,it is certain that they would always be a bearish and a bullish season.So currently,bitcoin is at it’s bearish season and as a long term investor it isn’t actually necessary monitoring the price chart of bitcoin.

I agree with you that Bitcoin has repeatedly turned around and has become more expensive than before and has become New ATH. But even then, any investor should not invest with overconfidence. Because even if we accept that the price of Bitcoin will increase, no one knows when it will increase, when it will become New ATH or when the price will increase several times compared to the current price. Maybe next year or the next 5 years or more , or the price will remain as it is now, although there will be a little volatility. It turned out that there was no major price change. Therefore, investors should invest with such money that there will be no problem even if it remains as a long-term Bitcoin holding, and the need to sell it will not be noticed. Only then will the chances of success by investing in Bitcoin increase. And short-time trading is very risky, so it is better not to make such decisions as trading or gambling with Bitcoin.

[Tongley]

Some new investors are confused about emergency funds in the initial stages of Bitcoin accumulation. They think that they need an emergency fund at the beginning. You need a discretionary income at the beginning and that is the important thing without wasting time.

If someone wants to do research before starting Bitcoin, they can do it in the short term but it does not need to spend too much time on it. The underlying pattern of Bitcoin has a clear prediction that the price will increase in the future as its demand increases.

Accumulate Bitcoin regularly in the long term using DCA method. If emergency funds are not available at the beginning, plan to build this fund from discretionary income because to have a sustainable Bitcoin holding in the future you will need to do DCA regularly and be financially prepared for any unexpected emergencies.

If you have extra money to start investing, you can start. Being aware of your income, cash flow, and emergency fund is a good sign. However, you should not delay investing by focusing more on other preparations, including an emergency fund. An emergency fund is necessary, but if someone is sure that after starting investing, they will not have any emergency where they need the money or they already have a small amount of funds, then it is better not to delay investing to create a complete fund. Because an emergency fund can be created with a small amount of investment. That is, two areas can be created together.

It is not important to start accumulation Bitcoin with an emergency fund available but if an investor wants to do so it is good but if they spend too much time on building an emergency fund, it will not be the right investment decision. You have the opportunity to accumulate Bitcoin through discretionary income and also build an emergency fund. So it is not worth wasting extra time to start accumulation Bitcoin.

My argument is that if you do not need additional funds if you only have discretionary income, start accumulation Bitcoin without wasting time. The importance of starting an investment is as important as the value of time because Bitcoin is a store of value and has a strong potential to increase in value over time. Gradually the DCA method and long term strategy will increase the Bitcoin stack. Keep the emergency fund size sufficient to cover at least three months of daily household expenses.

Starting an investment is very valuable and very important. However, if a person invests with zero emergency fund, it is very risky. Therefore, it is necessary to keep the emergency fund at a minimum level at the beginning. For example, if a boy has $ 100 to start investing, he can invest $ 60 without investing the entire amount and keep $ 20 in the emergency fund and keep $ 20 for additional expenses, so that if additional expenses arise in a month or week, there is no pressure on the emergency fund or investment.

The best decision is to create an emergency fund equal to our 3 months of income or expenses. To protect our investment, it is necessary to create as many different types of emergency funds as possible.

[icebar]

Do you think that mental and behavioral control are similar important with financial management, risk management  in investing?

✨

By definition, h was gambling his way to profits. That's what most investor  do today.

People because of fear would monitor the market like a hawk watching its prey. This is why they make so many mistakes that ruins their investments too early. A long term investors has lesser chances of losing when he holds for long.

The market can fluctuate all it wants, but a long term investment would counter for those period of volatility and reward the investor with more profits when price breaks out of it's previous high.

Hearing this part of your speech, many may think that Bitcoin investment is always a loss at first, only if you hold it for the long term, the loss will be reduced. But in reality, Bitcoin is a potential asset in the long term, which can protect your savings from inflationary devaluation. Bitcoin can even strengthen your position in the long term by reducing the impact of short-term volatility. Even if you have a long-term plan, a temporary decline cannot weaken an investor's plan.

[Emjay24]

It is not important to start accumulation Bitcoin with an emergency fund available but if an investor wants to do so it is good but if they spend too much time on building an emergency fund, it will not be the right investment decision. You have the opportunity to accumulate Bitcoin through discretionary income and also build an emergency fund. So it is not worth wasting extra time to start accumulation Bitcoin.

If you don't have emergency fund prior to getting into Bitcoin, there's no much need to build out while neglecting to start your investment. Your investment should be given a high priority. You can always build your emergency fund while you invest into Bitcoin. This is why a person who doesn't have emergency funds shouldn't invest all discretionary income into Bitcoin, he can divide his discretionary income into three parts, one for investing into Bitcoin, the second for backup funds and the third for discretionary consumption.

[Proty]

It is not important to start accumulation Bitcoin with an emergency fund available but if an investor wants to do so it is good but if they spend too much time on building an emergency fund, it will not be the right investment decision. You have the opportunity to accumulate Bitcoin through discretionary income and also build an emergency fund. So it is not worth wasting extra time to start accumulation Bitcoin.

If you don't have emergency fund prior to getting into Bitcoin, there's no much need to build out while neglecting to start your investment. Your investment should be given a high priority. You can always build your emergency fund while you invest into Bitcoin. This is why a person who doesn't have emergency funds shouldn't invest all discretionary income into Bitcoin, he can divide his discretionary income into three parts, one for investing into Bitcoin, the second for backup funds and the third for discretionary consumption.

Not having an emergency funds shouldn't be the reason why someone that has discretionary income to invest in bitcoin not to invest. Emergency funds is essential for successful holding of bitcoin for a long term hence there is need for anyone that is planning to hold bitcoin for a long term to setup an emergency funds that will protect there investment from temper with whenever there is an emergency. It is possible for an investor to build or setup an emergency funds while still accumulating bitcoin by using a certain percentage of discretionary income for buying bitcoin and some for setting up an emergency funds.

[PhilosopherKing]

.Another reason why I don’t advise people to invest in bitcoin because some individual will pretend that his or her goals in bitcoin is to hold for a long term as your goal and at the end they will sell when they see the price is high without thinking about the goal they said they set for the investment, if anyone tells you that his or her goal in bitcoin is to buy and hold for a long time just don’t believe, he or her action will tell you if they can hold as they say or they will sell when they see that they can make a profit.

Everyone at some point make mistakes. Making mistakes is a normal something for beginners to do . A person that don't yet know very well about bitcoin will always make mistakes like timing the market so they can sell when they sense a little profit. But because bitcoin is a long time investment, as person is making mistakes he is also learning from that mistake and a time will show up when that person will no longer make that mistake again.

You also was not a perfect somebody when you first start your ongoing investment. That is why you should also give people the benefit of doing and advise them to invest in bitcoin. It is better to tell than to deny people the opportunity of knowing, because of your believe

[MainIbem]

.Another reason why I don’t advise people to invest in bitcoin because some individual will pretend that his or her goals in bitcoin is to hold for a long term as your goal and at the end they will sell when they see the price is high without thinking about the goal they said they set for the investment, if anyone tells you that his or her goal in bitcoin is to buy and hold for a long time just don’t believe, he or her action will tell you if they can hold as they say or they will sell when they see that they can make a profit.

Everyone at some point make mistakes. Making mistakes is a normal something for beginners to do . A person that don't yet know very well about bitcoin will always make mistakes like timing the market so they can sell when they sense a little profit. But because bitcoin is a long time investment, as person is making mistakes he is also learning from that mistake and a time will show up when that person will no longer make that mistake again.

You also was not a perfect somebody when you first start your ongoing investment. That is why you should also give people the benefit of doing and advise them to invest in bitcoin. It is better to tell than to deny people the opportunity of knowing, because of your believe

It's something that's inevitable as human and doing it on an investment is not left out cause it may be due to ignorance or overdoing (like being over aggressive in accumulation for instance) but the problem is not with making mistakes, it's when the mistake or mistakes are not corrected that's the big issue and if an investor keep repeating a mistake without correcting it or figure out the right thing to do then it's not considered mistake any longer but something done deliberately, maybe out of greed. I agree that no one is perfect. Like I said, we're human afterall and born out of imperfection but we got brains and should be sensible enough to correct our mistakes when we make one.

[Lenubari]

Everyone at some point make mistakes. Making mistakes is a normal something for beginners to do . A person that don't yet know very well about bitcoin will always make mistakes like timing the market so they can sell when they sense a little profit. But because bitcoin is a long time investment, as person is making mistakes he is also learning from that mistake and a time will show up when that person will no longer make that mistake again.

You also was not a perfect somebody when you first start your ongoing investment. That is why you should also give people the benefit of doing and advise them to invest in bitcoin. It is better to tell than to deny people the opportunity of knowing, because of your believe

I agree that mistakes are part of the learning process. Most people who are new to Bitcoin make errors, whether it's trying to time the market, panic selling, or focusing too much on short-term price movements. These experiences often become valuable lessons that help them develop a better investment mindset over time.

That said, advising people to invest in Bitcoin should also come with encouraging them to learn about it first. While we shouldn't deny others the opportunity to discover Bitcoin because of our personal beliefs, we should make sure they understand both the potential benefits and the risks involved. Education and informed decision-making are just as important as participation. After all, none of us started as experts. We learned through study, experience, and sometimes through mistakes. The best thing we can do is share knowledge, guide newcomers, and allow them to make their own informed choices.

[Tongley]

I agree that mistakes are part of the learning process. Most people who are new to Bitcoin make errors, whether it's trying to time the market, panic selling, or focusing too much on short-term price movements. These experiences often become valuable lessons that help them develop a better investment mindset over time.

That said, advising people to invest in Bitcoin should also come with encouraging them to learn about it first. While we shouldn't deny others the opportunity to discover Bitcoin because of our personal beliefs, we should make sure they understand both the potential benefits and the risks involved. Education and informed decision-making are just as important as participation. After all, none of us started as experts. We learned through study, experience, and sometimes through mistakes. The best thing we can do is share knowledge, guide newcomers, and allow them to make their own informed choices.

I agree with your first part, but I disagree with your second part. Because you should never encourage someone to invest or give them knowledge to invest is not the right decision. Bitcoin market is very volatile. If a new person is encouraged to invest according to your advice and if he starts investing. After starting investing, if the market goes down and he gets scared and sells his holdings, then he can blame you for this loss. Going ahead and giving someone knowledge is not the right decision at all but putting the risk on you and hoping.

But yes you can give knowledge to that person, the person who comes to you to learn about Bitcoin. You can tell him about the risks of Bitcoin and give him information about Bitcoin. If he is willing to invest then it is completely on his own then he cannot blame you

[sotelorene]

It is not important to start accumulation Bitcoin with an emergency fund available but if an investor wants to do so it is good but if they spend too much time on building an emergency fund, it will not be the right investment decision. You have the opportunity to accumulate Bitcoin through discretionary income and also build an emergency fund. So it is not worth wasting extra time to start accumulation Bitcoin.

If you don't have emergency fund prior to getting into Bitcoin, there's no much need to build out while neglecting to start your investment. Your investment should be given a high priority. You can always build your emergency fund while you invest into Bitcoin. This is why a person who doesn't have emergency funds shouldn't invest all discretionary income into Bitcoin, he can divide his discretionary income into three parts, one for investing into Bitcoin, the second for backup funds and the third for discretionary consumption.

The ending part of your thread seems confusing because already we know that discretionary income is where some other funds that will facilitate our Bitcoin accumulation comes from but I'm trying to understand what you actually meant by discretionary consumption. However, after other funds such as emergency funds, back up funds and some others must have been kept using all our discretionary income is not bad so long as it is from discretionary ( aggressiveness) but it should be carried out wisely.

[JoyceBTC]

Not having an emergency funds shouldn't be the reason why someone that has discretionary income to invest in bitcoin not to invest. Emergency funds is essential for successful holding of bitcoin for a long term hence there is need for anyone that is planning to hold bitcoin for a long term to setup an emergency funds that will protect there investment from temper with whenever there is an emergency. It is possible for an investor to build or setup an emergency funds while still accumulating bitcoin by using a certain percentage of discretionary income for buying bitcoin and some for setting up an emergency funds.

You said the right thing, emergency funds is important in bitcoin investment for safety, security and lack of fear but if you have your investment capital, steady source of income you can start your investment journey then create budget to separate your investment amount from the emergency funds you need to keep. For those who are into DCA method of investment they do not have need to fear about emergency funds since they can enjoy a flexible time investing any time when bitcoin price is high or low it doesn't ooo but much free in them. For long term holders, your source of income play an important role in your investment because you don't have to invest with everything you have which is where discretionary income comes in.

[Nasdel4]

I think behavioural patterns have great impact on investing and sometimes it's due to unavailability of resources pushing an individual towards making irrational decisions and assumptions. Let's say for instance, my rent is due and I haven't saved enough money for the rent.. my next option wouldn't be to borrow but to utilise what's available asides savings which would now be the investments already set aside. Now in a situation where I already have profits on my portfolio, I won't hesitate because the next person isn't in my situation and would not understand.

[Nasdel4]

I think if an investment feels or becomes more like placing a bet with a high chance of losing it all quickly, and less like owning a part of something with a plan for growth either long or short term then it's definitely crossing into gambling territory and this is similar with a lot of investment opportunities nowadays because most companies that present such opportunities have ulterior motives in their favour.
A lot of people are naturally greedy so they tend to fall into this trap, thinking they are investing but they are actually gambling. People desire quick returns in short periods pushing them to take avoidable risks without a rethink forgetting nothing good comes easy and growth sometimes takes time.

[Judith87403]

You said the right thing, emergency funds is important in bitcoin investment for safety, security and lack of fear but if you have your investment capital, steady source of income you can start your investment journey then create budget to separate your investment amount from the emergency funds you need to keep. For those who are into DCA method of investment they do not have need to fear about emergency funds since they can enjoy a flexible time investing any time when bitcoin price is high or low it doesn't ooo but much free in them. For long term holders, your source of income play an important role in your investment because you don't have to invest with everything you have which is where discretionary income comes in.

It really doesn’t matter the investment or accumulation approach you’re using, having financial cushion is mandatory for every investor. I’m not saying it must be in place or readily available before one can begin their accumulation, No, as long as there a reliable source of income, you’re able to meet your basic financial needs and obligations, and of course there’s disposable money after covering every other expenses, then you can get started,  and simultaneously build both your emergency fund and your portfolio together. But one thing is sure, your Bitcoin investment is never safe without the emergency fund.

[aNot!FicaT!on]

It is not important to start accumulation Bitcoin with an emergency fund available but if an investor wants to do so it is good but if they spend too much time on building an emergency fund, it will not be the right investment decision. You have the opportunity to accumulate Bitcoin through discretionary income and also build an emergency fund. So it is not worth wasting extra time to start accumulation Bitcoin.

If you don't have emergency fund prior to getting into Bitcoin, there's no much need to build out while neglecting to start your investment. Your investment should be given a high priority. You can always build your emergency fund while you invest into Bitcoin. This is why a person who doesn't have emergency funds shouldn't invest all discretionary income into Bitcoin, he can divide his discretionary income into three parts, one for investing into Bitcoin, the second for backup funds and the third for discretionary consumption.

Not having an emergency funds shouldn't be the reason why someone that has discretionary income to invest in bitcoin not to invest. Emergency funds is essential for successful holding of bitcoin for a long term hence there is need for anyone that is planning to hold bitcoin for a long term to setup an emergency funds that will protect there investment from temper with whenever there is an emergency. It is possible for an investor to build or setup an emergency funds while still accumulating bitcoin by using a certain percentage of discretionary income for buying bitcoin and some for setting up an emergency funds.

Having an emergency fund is certainly important, as it can protect an investor from being forced to sell investments at a loss in the event of an unexpected financial situation. However, in my opinion, the idea that one cannot start investing at all until the emergency fund is fully prepared is never correct. If one really has discretionary income and invests an amount of money that even if lost, will not affect his lifestyle, then he can gradually move forward with both Bitcoin savings and building an emergency fund. For now, there is nothing wrong with investing with 50% until the emergency fund is built, and continuing to build an emergency fund with 50%.

An emergency fund is definitely necessary, but it should not be taken incorrectly that without an emergency fund we cannot start investing. If someone does not invest for years while waiting for the emergency fund to be completed, then he will be deprived of the opportunity to participate in the market and the possibility of accumulating long-term wealth, and he may even give up the idea of ​​investing at some point.
So it is possible to do both in the beginning, and this is how one should start. However, one thing must be taken very seriously and that is that the investment money must be such that even if lost, it will not affect the person's daily life, bill payment, food, shelter or other basic needs. Because there is always risk in Bitcoin investment and there is no 100% guarantee of future profits. Investment should be made by accepting this reality. By accepting this reality, investment and fund formation should be done with discipline, a prudent investor can create a balance between these two things, he can also deal with the uncertainty of the current emergency fund and at the same time prepare himself for the future.