If you want to invest in Bitcoin, you need to understand your cash flow first, n

[Asiska02]

Mostly, the best strategy is just to do the DCA strategy, minimizing the risk, and it doesnt need huge capital, but just make sure you have the right financial foundation already to avoid having an emergency sell, because in long-term investment you just can't sell if you have something like an emergency, you should have separate liquidity for that in order to survive the market.

In a volatile market like this, when you’re being faced with an emergency when on a long term investment, you would sometime see that taking anything out of that your investment will be you already losing from the investment because even if you sell at that price, you’ll be selling at a loss which won’t bring back the capital you used to invest initially.

Emergency funds should not be used for long term bitcoin investment because they’re a necessity that must push you to want to take from your investment if you don’t have separate funds for that. In cases like this, it is better to allow your cash flow to improve such that money for emergency and other basic necessities are sorted out before beginning the investment.

[Adams0001]

If truly you want to invest in bitcoin,  you need to talk about the funds before thinking when to purchase bitcoin and when not to purchase because there is a particular price bitcoin will get to, that will make you to stop not to purchase bitcoin because it will not allow you to purchase huge amount of bitcoin you want to hold for future, there are some that want to learn first to have the knowledge of bitcoin before they will start saving funds that will make them to be bold to invest in bitcoin and hold for long term to achieve their purpose.

Exactly, we always need a plan before we can start investing in bitcoin so that we won’t regret later when he doesn’t work as our plan. Bitcoin is not something that we will rush on to invest just because we’re hearing others are talking positive things about it. We shouldn’t just start investing when we have not plan how we will invest our funds on Bitcoin.

Everyone knows that bitcoin investment is always for a long term period, and we need to used our funds wisely to invest in Bitcoin, Some used business money to invest in bitcoin when they will have the need for a short terms purpose, and that is a risk investment because when ever we invest the money we can’t afford to lose in bitcoin and the market didn’t go as planned you will start to scared and sell our coin as lose, we should always try and invest money that we can leave for long term in bitcoin so that we can achieve our goal when the times comes.

[Issa56]

Exactly, we always need a plan before we can start investing in bitcoin so that we won’t regret later when he doesn’t work as our plan. Bitcoin is not something that we will rush on to invest just because we’re hearing others are talking positive things about it. We shouldn’t just start investing when we have not plan how we will invest our funds on Bitcoin.

Whenever you are investing in bitcoin, it’s better you invest for long term, and before you will be able to hold bitcoin for long term, you have to put some things in place because if you don’t do that, you just going to sell your bitcoin later because you won’t have choice. When you are investing in bitcoin, make sure you have an emergency funds, it’s the money that will be use to take care of anything that comes up during your bitcoin journey, so that you won’t just end up selling your bitcoin when an emergency comes up.

If you have an emergency funds, you not even going to think about your bitcoin holding whenever anything happens, but if you don’t have, you just going to sell your bitcoin to take care of the problem you having during that particular period.

[Alonso_]

Before you start investing in Bitcoin, you will definitely need money to buy bitcoin, assuming you have the cashflow or a source of income, after figuring out your cashflow, then first of all I will suggest you figure out your discretionary income as well, after figuring out your discretionary income, then I believe you must have know your expenses on a weekly basis or monthly basis depending when you have availability of cashflow, but if you haven’t  figured out your expenses I suggest you do, bitcoin is risky as we all know, you’re always advised to invest money that you can afford to loose, you’re not meant to be investing money that is meant for your expenses on bitcoin, I see that as a blunder, which is why you’re advised to investing with leftover money (discretionary income).

Investing in bitcoin for the long term is the best way to invest in bitcoin, that is where you need to have a proper plan so you can stay consistent with your bitcoin investment, to have a risk management plan, you need to also have an emergency funds and your reserved funds to enable you have a chance of success with your bitcoin investment, so you don’t have to sell half way in your accumulation stages when you have an emergency or financial challenges to sort out.