Quote from: CryptSafe on September 21, 2023, 06:21:45 AM

Quote from: DVlog on September 19, 2023, 06:55:05 PM

Quote from: snowpega on September 19, 2023, 06:18:37 PM

Quote from: DVlog on September 18, 2023, 08:05:04 PM

The guarantee of a monthly cash inflow gives us ease of mind. We can think clearly because we don't need to think about our monthly expenses. Saving a portion of our wages and investing them for long-term growth gives us confidence about our future, and we think of ourselves as cleavers and long-term visionaries. When things turn against them, they think of themselves as stupid; this is human nature.

Not to use your investment (in bitcoin) when emergencies arise is a strong statement but not a practical one. When people don't have money to cover emergency expenses, they tend to sell their assets. If you are investing in bitcoin as a retirement plan, then you should not sell it, but in times of emergency, your senses will tell you to sell it.

I would say if you are thinking for long-term and Also doing BTC accumulation its good idea. in case if it is me who is doing BTC accumulation i would never withdraw my BTC until i reach my planned goal. I think this time is very smart we also need to smart as we know this is the time where alot of people having good cash inflow by doing from different kinda online jobs and physical jobs as well.

they just need to prepare themselves to overcome their emergency situation somehow So that they need not to withdraw their accumulated BTC in the form of funds as emergency situation.

The only thing that can resolve our emergency needs is money. As I have mentioned, it is easy to say that I won't touch my BTC holdings if any emergencies arise, but it is hard to do if you don't have any side income or any other source to assist you in resolving that issue. This happens to me many time. I tried my best not to sell part of my holding, but the situation forced me to do that.

Truly money can resolve our urgent needs but in some cases when money is not available, the available should go in for it or possibly take the place of the money to solve the problem. Most times things happen that no one bargained for but you will have no option but to respond accordingly. These experiences are sometimes among the reasons one needs to invest. Irrespective of the nature of the investment, for instance, bitcoin that you have direct access to when you are in urgent need that requires a financial commitment and you have no cash at hand and in your account but you have crypto assets. It is expected of you to sort yourself out. That is good because when you have enough to sustain yourself and more, you invest the excess so as to serve you when you are in urgent need and the investment as the case may generate income as time goes by.

From your point of view about bitcoin investment, it is not supposed to be so. Because if you are investing so that when you get broke, you can go back to sell some part of your investment, it shows that you will not grow fast and you might run at loss, because you will be forced to sell when it is not your will. This also show that you are not prepared to set a good strategy in which you can use to accumulate and hodli for long. It is better that you don't buy aggressively or use majority of your incomne to DCA, because you will end up selling at the wrong price and you will definitely regret it. The amount of bitcoin that is sold can't be recovered easily, and this pattern isn't a good way to hodli, because hodlers don't sell their bitcoin but only plan to hodli for a long period of time. The DCA method is used to increase our bitcoin portfolio regularly, and that is why you should only use the amount that wouldn't affect your emergency needs and daily needs to invest in bitcoin, so that you don't go back to sell.