Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Odusko
on 14/05/2023, 17:58:42 UTC
⭐ Merited by JayJuanGee (1)


how much that you are able to dedicate to such bitcoin investment process based on how much income that you have coming in versus how many expenses that you have, and sure you might have some months in which your income and your expenses are consistently the same, but you might have other months in which you might have either great cash surpluses or great shortages of cash for a variety of reasons that might have to do with irregular expenses or maybe even some "surprise" expenses... when you have surprise expenses within a particular month, for example, you might be faced with some dilemmas regarding whether you should still invest into bitcoin during that month or to cut back with your bitcoin investment or to completely withhold your investment into bitcoin until you can get your cashflow/expenses ratio back in order and perhaps aiming to replenish your cash reserves before resuming investing into bitcoin, too.
Talking about cash flow vs investment and not undermining the place of emergency funds, the fact is that the amount in reserve determines how much percentage we are willing to put into investment and what our risk tendency depends on, if the emergency reserve is in surplus, the tendency to increase investment in a high-risk investment like bitcoin will be high and the amount of time the individual is willing to wait for the investment to mature over a long period the cash in high possible profits on the investment.
Achieving financial freedom and sufficiency means different thing and approach to different individuals and the approach to achieving though varies from individual vs individual, but one of the common attribute of financial freedom is the amount of cash flow of the individuals regardless of whatever method or approach to be used.