Quote from: salad daging on January 17, 2024, 02:23:36 PM

Quote from: junder on January 17, 2024, 01:21:12 PM

I agree with you, an emergency fund is very important, because it is something that must be paid attention to, there will be a situation where we will experience something sudden and of course it requires funds to overcome it, such as an accident or other things, so we have an emergency fund it will help us to overcome something that can happen suddenly. Of course, even though we have parents, it doesn't mean that the needs we need can be provided or fulfilled by our parents, at least we also have to have good thoughts, by not burdening our parents to fulfill our wishes.

If you have a fairly serious problem that must be resolved with finances that may be quite large, that doesn't mean you have to sell your bitcoin investment. because in my opinion, selling Bitcoin investments certainly cannot be done haphazardly, it must be done and carefully. If someone already has a business then in my opinion it is mandatory for them to think about an emergency fund and have one.

Therefore, before starting investment, prepare an emergency fund in advance for at least 3-6 months so that the reserve fund is safe when needed at any time, of course this will not interfere with your investment when in any emergency.

I always use this strategy because for us it is important about emergency funds, we are humans who will certainly require expenses and needs that we never expected in any case.
Never rely on parents means you don't have independence, if you are still in school then it is still the responsibility of the parents but if you have worked you yourself must be able to how to support yourself and start the investment because with the monthly salary you receive, for example, it is important to set aside on investment, especially bitcoin if you understand it.

Now when you have a problem in the sense that there must be greater expenses then the reserve fund can be relied on, your investment is safe will not be sold in the middle of the road, you can still continue investing in bitcoin when things are normal.

But when your finances are still healthy then continue your DCA to invest in bitcoin.

yes I agree with you, indeed in my own opinion even before launching or doing investment things, of course we must have funds that are really not funds for other things, the other side of the needs are well covered, as well as emergency funds that are safely under control, if indeed these two things can be resolved then to invest in BTC or others. And it's true, basically everyone will definitely need an emergency fund, because something that happens unexpectedly of course it can happen and to overcome it of course a fund is needed, and with the emergency fund that is owned of course it will help overcome things that happen unexpectedly. and also it helps the investment made so that it is not disturbed.

in my opinion it should be as a man to have a job and also a clear income, because later a man will become the head of the family where it really has to be prepared, and not to mention that we must have our own desires so that it must be realized by our own efforts, with the income earned we can make it happen. As long as you can manage your finances well I think it can be done, dividing income for basic needs and for desires as well as setting aside to invest, but it must also be done properly and with good knowledge because if you do it carelessly then it is the same as lying. as you said, bitcoin investment is one of them, if you really understand it. As usual, if you have invested in one of them Bitcoin, don't let it be disturbed by other things, so in my opinion all of these things are interrelated, where emergency funds can help the investment journey. so as not to be disturbed, and investment also helps us for the future.

Quote from: nara1892 on January 17, 2024, 03:16:38 PM

Quote from: salad daging on January 17, 2024, 02:23:36 PM

Quote from: junder on January 17, 2024, 01:21:12 PM

I agree with you, an emergency fund is very important, because it is something that must be paid attention to, there will be a situation where we will experience something sudden and of course it requires funds to overcome it, such as an accident or other things, so we have an emergency fund it will help us to overcome something that can happen suddenly. Of course, even though we have parents, it doesn't mean that the needs we need can be provided or fulfilled by our parents, at least we also have to have good thoughts, by not burdening our parents to fulfill our wishes.

If you have a fairly serious problem that must be resolved with finances that may be quite large, that doesn't mean you have to sell your bitcoin investment. because in my opinion, selling Bitcoin investments certainly cannot be done haphazardly, it must be done and carefully. If someone already has a business then in my opinion it is mandatory for them to think about an emergency fund and have one.

Therefore, before starting investment, prepare an emergency fund in advance for at least 3-6 months so that the reserve fund is safe when needed at any time, of course this will not interfere with your investment when in any emergency.

I always use this strategy because for us it is important about emergency funds, we are humans who will certainly require expenses and needs that we never expected in any case.
Never rely on parents means you don't have independence, if you are still in school then it is still the responsibility of the parents but if you have worked you yourself must be able to how to support yourself and start the investment because with the monthly salary you receive, for example, it is important to set aside on investment, especially bitcoin if you understand it.

Now when you have a problem in the sense that there must be greater expenses then the reserve fund can be relied on, your investment is safe will not be sold in the middle of the road, you can still continue investing in bitcoin when things are normal.

But when your finances are still healthy then continue your DCA to invest in bitcoin.

However and in any case management must still be applied especially when it comes to finance, another thing is that I quite agree with the idea of your statement about how to have a good approach by having a balance in terms of finance and one of them is like setting up an emergency fund before you get involved in bitcoin accumulation. This method is really recommended, especially especially for people who have medium or even below average finances, as the discussion this time that we will never know about what will happen in the future in our lives, it is very possible that we can experience unexpected things such as experiencing things that require emergency funds such as illness and require medical expenses, and obviously if we have not prepared an emergency fund at all, then obviously the more likely thing is that you will sell some of the bitcoins that you have and that you have maintained so far.

On the other hand, I think it may not be uncommon for investors to experience situations like this so that in the end there is no other way but to take or sell some of their bitcoins to solve problems in urgent situations. Therefore, planning is really a very important thing that must be prepared in advance such as preparing a number of things that are needed and one of them is like an emergency fund. Honestly there is absolutely no compulsion for anyone to get involved in bitcoin accumulation, if indeed you are still a schoolboy then I think this situation is not too appropriate for you to start getting involved, unless indeed you are already working and have your own salary and feel sufficient in terms of income then go ahead if you want to get involved in investing. Simply put if indeed you feel capable in terms of finance then please with a record of having a good understanding of the world of investment, my advice is not to focus too much on profits because after all investment is about profits and losses meaning you can profit and you can also lose and this can be one of the reasons why risk management is really a very important thing for a prevention or action to minimize.

Back to the original discussion that emergency funds are really needed to minimize the unexpected and this method will make you calmer and I think will not interfere with the DCA method that you are running, this is useful for maintaining and increasing the percentage of maximum profit at the end of planning and involvement.

it may happen, but as @salad daging said before, before making an investment it is better to prepare an emergency fund in advance with a certain period of time, because this will certainly help deal with things that can happen suddenly such as illness that requires regular treatment as you said. as much as possible before making an investment, you must first prepare what must be prepared so that something unwanted does not happen such as selling the investment in the middle of the road, because in my opinion it is not the only option to overcome the things we discussed.

And as I said before, it seems that investing is better done with money that is really not for anything else I mean the money used for investment is free money not intended for anything else apart from that maybe there are some people who invest but don't prepare an emergency fund first, so they just invest without thinking about the things they have to prepare first.

To be honest, I think that if you invest but don't have an emergency fund in advance it is vulnerable to disruption of the investment made, but it all comes back to yourself who has a choice, and I'm sure we ourselves also have good thoughts so we will definitely do things that we think are good even if it's by selling investments in the middle of the journey, if it's the best choice then there's nothing wrong with it.

Quote from: Mahanton on January 17, 2024, 05:36:44 PM

Quote from: salad daging on January 17, 2024, 02:23:36 PM

Quote from: junder on January 17, 2024, 01:21:12 PM

I agree with you, an emergency fund is very important, because it is something that must be paid attention to, there will be a situation where we will experience something sudden and of course it requires funds to overcome it, such as an accident or other things, so we have an emergency fund it will help us to overcome something that can happen suddenly. Of course, even though we have parents, it doesn't mean that the needs we need can be provided or fulfilled by our parents, at least we also have to have good thoughts, by not burdening our parents to fulfill our wishes.

If you have a fairly serious problem that must be resolved with finances that may be quite large, that doesn't mean you have to sell your bitcoin investment. because in my opinion, selling Bitcoin investments certainly cannot be done haphazardly, it must be done and carefully. If someone already has a business then in my opinion it is mandatory for them to think about an emergency fund and have one.

Therefore, before starting investment, prepare an emergency fund in advance for at least 3-6 months so that the reserve fund is safe when needed at any time, of course this will not interfere with your investment when in any emergency.

I always use this strategy because for us it is important about emergency funds, we are humans who will certainly require expenses and needs that we never expected in any case.
Never rely on parents means you don't have independence, if you are still in school then it is still the responsibility of the parents but if you have worked you yourself must be able to how to support yourself and start the investment because with the monthly salary you receive, for example, it is important to set aside on investment, especially bitcoin if you understand it.

Now when you have a problem in the sense that there must be greater expenses then the reserve fund can be relied on, your investment is safe will not be sold in the middle of the road, you can still continue investing in bitcoin when things are normal.

But when your finances are still healthy then continue your DCA to invest in bitcoin.

This is what im actually doing because i have some past experiences on the time that you are really that in short of funds then you would likely be pulling out all of those investment that you have made even if the position
neither be negative or positive then since you dont have any choice then you would really be that pulling up those investments without having second thoughts. Sometime you would really be having that kind of emotion
and feeling that this is something that cant really be avoided. On the time that i do make our some realizations that there's should really be that back up funds on where it is really that dedicated for emergencies
or would really be with those sudden unexpected moments on which it might cause for us to have those kind of decisions.

Buy the DIP and Hold? Sounds pretty easy but on the time that you are dealing with a volatile market then it wouldnt really be that so easy on how you would really be having those
kind of experience along the path. The thing here is that you should really know on when to make DCA and when to secure profits on the right time but since we are
talking long term on here then it would be your own personal choice on when.

in my opinion if there is no choice but to withdraw all the investments that have been made it is not a problem, because there is no other choice apart from that, but in my opinion when we do not have an emergency fund but make investments and one emergency fund. One day I found something that really needed money to deal with, maybe we can take out a loan first, at least we don't live alone, there are family or relatives who might be able to help, even if we can't help, in my opinion, you can take a loan from the bank. Even though the risk is big, if we are sure that we can manage everything well again, in the sense of being able to pay off the loan, and still be able to retain the investment that has been made, in my opinion there is no problem. if like that. And like the experience you had, at that time did you not think in this direction? So you choose to withdraw the investment you have made, because that is the only option you have.

it's not easy to be able to do this one thing, because in my opinion it requires as well as strong consistency not everyone can do this, but everyone can learn to do their best. because in my opinion bitcoin investment or others do require a long or long time whose purpose is to produce clear benefits and also really profitable. and with this long period of time that must be considered.

Quote from: Frankolala on January 17, 2024, 08:25:20 PM

Quote from: Mahanton on January 17, 2024, 05:36:44 PM

Quote from: salad daging on January 17, 2024, 02:23:36 PM

Quote from: junder on January 17, 2024, 01:21:12 PM

I agree with you, an emergency fund is very important, because it is something that must be paid attention to, there will be a situation where we will experience something sudden and of course it requires funds to overcome it, such as an accident or other things, so we have an emergency fund it will help us to overcome something that can happen suddenly. Of course, even though we have parents, it doesn't mean that the needs we need can be provided or fulfilled by our parents, at least we also have to have good thoughts, by not burdening our parents to fulfill our wishes.

If you have a fairly serious problem that must be resolved with finances that may be quite large, that doesn't mean you have to sell your bitcoin investment. because in my opinion, selling Bitcoin investments certainly cannot be done haphazardly, it must be done and carefully. If someone already has a business then in my opinion it is mandatory for them to think about an emergency fund and have one.

Therefore, before starting investment, prepare an emergency fund in advance for at least 3-6 months so that the reserve fund is safe when needed at any time, of course this will not interfere with your investment when in any emergency.

I always use this strategy because for us it is important about emergency funds, we are humans who will certainly require expenses and needs that we never expected in any case.
Never rely on parents means you don't have independence, if you are still in school then it is still the responsibility of the parents but if you have worked you yourself must be able to how to support yourself and start the investment because with the monthly salary you receive, for example, it is important to set aside on investment, especially bitcoin if you understand it.

Now when you have a problem in the sense that there must be greater expenses then the reserve fund can be relied on, your investment is safe will not be sold in the middle of the road, you can still continue investing in bitcoin when things are normal.

But when your finances are still healthy then continue your DCA to invest in bitcoin.

This is what im actually doing because i have some past experiences on the time that you are really that in short of funds then you would likely be pulling out all of those investment that you have made even if the position
neither be negative or positive then since you dont have any choice then you would really be that pulling up those investments without having second thoughts. Sometime you would really be having that kind of emotion
and feeling that this is something that cant really be avoided. On the time that i do make our some realizations that there's should really be that back up funds on where it is really that dedicated for emergencies
or would really be with those sudden unexpected moments on which it might cause for us to have those kind of decisions.

Buy the DIP and Hold? Sounds pretty easy but on the time that you are dealing with a volatile market then it wouldnt really be that so easy on how you would really be having those
kind of experience along the path. The thing here is that you should really know on when to make DCA and when to secure profits on the right time but since we are
talking long term on here then it would be your own personal choice on when.

Just like what @JJG said in his earlier post that, there are fours ways which an investor should prepare on when he wants to start his bitcoin accumulation, which are having plans to buy on the dip, lump summing and the superior of all the DCA method, and the fourth one is your emergency funds that will cover 3-6 months duration. The emergency funds is more important because if you don't have it ready, there is no way that you will succeed in your bitcoin accumulation journey. You will end up ruining it because you don't have what you will fall back on to use, when the unexpected and unforeseen challenges arises, which must be taken care of. This is why I make my emergency funds my priority as I am investing using the three methods to accumulate bitcoin depending on the rate of my cash inflow at that moment.

You are talking about taking profit while Dcaing, it means that you are killing the purpose of Dcaing, which is to increase your bitcoin portfolio during your accumulation stage. It is good to aim at long term profit and not short term profit so that you don't end up making wrong decisions that will lead to you regretting your actions through out the rest of your life. This is because there are mistakes that we take that we might not be able to correct anymore and they will live with us and it will be too late for us to do anything than regret.

Sell not but hodli and see that your investment is worth hodling for the future.

that's right, besides being able to help with investments made, emergency funds are also indeed important in our lives. and also with the four points you conveyed, I think it should all be considered well prepared, especially with emergency funds that we can do. because even though someone does not invest, but if they already have a clear income then they must have an emergency fund. the purpose is to overcome things that happen suddenly. I hope everyone can look at this one thing that is indeed important in life even though they don't invest.

I think everyone who invests of course they are aiming for big profits, but behind that what must be considered is our ability to run it, will we be able to hold it for a long time or not. because to make a big profit it may indeed take a long time, not short-term profits like you said. also by investing everything must be considered including the steps that will be taken, considering everything well so as not to take the wrong step and then regret for life like you said it, because with a lack of consideration of something in my opinion it will indeed produce something that is less than optimal or worse maybe bad.
because I think we should be able to hold it well, not sell it because of poor readiness.

Quote from: Tmoonz on January 18, 2024, 02:26:23 AM

Quote from: junder on January 17, 2024, 01:21:12 PM

I agree with you, an emergency fund is very important, because it is something that must be paid attention to, there will be a situation where we will experience something sudden and of course it requires funds to overcome it, such as an accident or other things, so we have an emergency fund it will help us to overcome something that can happen suddenly. Of course, even though we have parents, it doesn't mean that the needs we need can be provided or fulfilled by our parents, at least we also have to have good thoughts, by not burdening our parents to fulfill our wishes.

If you have a fairly serious problem that must be resolved with finances that may be quite large, that doesn't mean you have to sell your bitcoin investment. because in my opinion, selling Bitcoin investments certainly cannot be done haphazardly, it must be done and carefully. If someone already has a business then in my opinion it is mandatory for them to think about an emergency fund and have one.

Always having the concept of the thread in mind which is learning various strategies of accumulating Bitcoin for longer time will maximize best understanding, of which having an emergency fund is a key factor that should be infact be prioritize because it does not only help an investor to hold on to his investment it also help from not borrowing in an emergency which at most time attract interest fee at payback time. Bitcoin is in it's journey to the permanent cite it's limited in nature makes it very unique, is a store of value and wealthy. Bitcoin investment is a long time investment that any one venturing in to it should know in other to obtain what should be obtainable. Having an emergency fund will definitely make an investor hold more longer than planned. Hold as long as you can.

to be able to produce the best of course we have to do the best, and by learning every aspect related to investment it is a must, because it is impossible to invest without the slightest knowledge, it is like trapping a crocodile with a mouse trap that certainly will not work. and even though learning things that are supposed to take a long time, it is not a problem. because if someone has the desire and with strong ambition then I think they will not care about the length of time they have to learn many related things.

I agree with you bro, having an emergency fund will help us to be able to hold on longer, because as @Salad daging has said above, by having an emergency fund, of course the investment will not be disturbed so that way we can still run it well to be able to reach the peak that is targeted. because indeed a profitable investment is a long-term investment, but not everyone can do this, because it takes patience and strong consistency to be able to do this well.