Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Falconer
on 02/09/2023, 16:30:28 UTC
⭐ Merited by JayJuanGee (1)
-snip-
If there is no emergency budget, it could be that the investment will fall apart, we humans are in need of the unexpected so understand this, don't ignore that emergency funds are important for your needs, including your family's health costs.
There is a theory that to start investing it must have a reserve fund for the next 6 months so that investment will not be disrupted, the next 6 months can be categorized as an emergency budget while there is still income every month, so investment will be much better when something starts with a mature plan.
Of course you are right, and that's why I tried to remind him instead of just thinking about how to accumulate but ignoring the importance of a reserve budget. This advice is good and really worth considering for anyone, but still every investor has their own way of managing their finances and planning their investments.

For me, a reserve budget is a must-have so that investment plans are not easily damaged by unexpected things. That is a wise mindset before deciding to invest, of course if they plan to hold it for the long term.

Of course they have different views on how to invest in bitcoin, here we must be able to accumulate bitcoin and that many people want.
Surviving 5 years with bitcoin I think that is enough to take maximum advantage.
Maybe that's also true, but some people stick with other approaches such as just waiting for the ATH or selling during a bull run cycle. Of course it doesn't have to be 5 years, but it depends on when they started coming in.