Like many people have already said, investment fund should be separated from funds for basic needs thereafter emergency funds should also be kept for optimal management of the investment portfolio. This way there will be no pressures to sell even if the price drop because there is the confidence that Bitcoin will always recover with time.
I agree.
Because what happens when your entire investment like if you're holding Bitcoin is your entire wealth, there is a big tendency that you will be forced to sell it at a time that you're not willing to sell but you have to.
That's why when we invest, make sure that we've got funds as well like emergency funds or extra funds that will be touched and protect our assets like in Bitcoin if unforeseen times comes.
Investing in bitcoin does have many rules that must be understood and implemented properly. So that investment continuity can run more smoothly and there are no obstacles in the way. One of these rules lies in the use of
funds that will be used when investing in bitcoin. This point is very important for all bitcoin investors to implement. Especially for investors who intend to keep bitcoin for a long period of time. Because if the funds used to invest in bitcoin are basic needs funds, emergency funds, health funds, as you said, it will definitely end badly. Because basically money that has been invested in Bitcoin will be very easily disturbed. So in the end, long-term investment intentions are hampered. Although actually taking/selling bitcoin assets if necessary is not a bad thing. But the context we are talking about here is about better procedures for investing in bitcoin.
So the best solution in terms of capital that can be used when you want to invest in Bitcoin in the long term is.
Use the funds we have ourselves, don't force yourself and most importantly use cold funds. So the point is, don't get easily carried away by FOMO. Because when we see other people successful with bitcoin investment, we only see them when they are at the top. But sometimes we forget how this person can be successful with his bitcoin investment. Even basically Bitcoin investment looks simple, just buy and hold. But in reality it's not that easy.