Quote from: qwertyup23 on Today at 05:19:18 PM

Quote from: Rruchi man on October 06, 2021, 02:28:55 AM

Withdrawal can become a habit. Once you develop the habit of withdrawing either fiat or converting your crypto holding to local currency for use, It almost becomes so difficult to break.

Needs and wants/problems to solve with money never stop arising, how do you handle your withdrawal? Be sincere, considering that local currency is becoming less of value as the cost of things are constantly rising now, so much that the cost price today is not the cost price tomorrow. Is a budget still effective in your opinion?

I think having a good budget for the rest of the month is essential in order to prevent withdrawing your BTCs, but this all depends on your goal.

Some people see their BTCs either as a short or long-term investment primarily for the purpose of proceeds and/or extra income. As such, when its price reaches an ATH or when their investment reaches a price higher than that of their initial investment, they would withdraw the proceeds and enjoy the fruits of BTC's volatility.

Personally, I was once a person who withdrew all of my BTCs as soon as I got them. But right now, I never touched my BTCs as i will save them for long-term investment.

This is what im doing on where ensuring my budget for the whole month so that i wont really be tending to have active cashouts or withdrawal just because of my needs.It should really be already intact when it comes to

expenses but there are situations or scenarios which are unpredicted where you do really need to withdraw which is considerable and cant be avoided but its better to have savings which is solely for the purpose

of those kind of situations.Dont tend to touch up those capital that you are trying to make it grow or bigger but well its your money then you are the ones to decide.