Quote from: pinggoki on Today at 06:15:31 AM

Quote from: JayJuanGee on Today at 05:27:56 AM

[edited out]

I do think that it's stupid too to cash out too early but I do believe in the balance that you also should never marry the bag, you don want to be sticking too long to bitcoin without getting some profit along the way.

You are close to talking as if you were considering bitcoin to be a shitcoin, and so I am having troubles with the idea and/or need to take profits along the way, since that can be problematic for anyone who is too early in their BTC accumulation stage, so maybe it would be the most difficult to figure out if there are needs to take out profits or to sell any BTC when the investment time might be less than a whole cycle.. because presumptively, a person in their first cycle might be taking some time to accumulate - unless of course, he might have invested in relatively large lump sums to frontload the investment, so I suppose that it can be difficult to generalize how to treat these kinds of balances.

Quote from: pinggoki on Today at 06:15:31 AM

Quote from: JayJuanGee on Today at 05:27:56 AM

[edited out]

..... in a way I do have what you might call an unconventional emergency fund.

I don't see anything wrong with having some unconventional ways of figuring out emergency funds, so long as you have them, and I am not going to concede that all ways are equally good, even though people do need to tailor their investment style to their own situation.. but at the same time some practices are better than others and surely you may well never need to draw into your emergency fund if you have various other good practices and you have a bit of luck, and so I would imagine that people who are having emergencies all of the time, do not tend to have good practices and might not even have much of a float in their cashflow situation.. and emergency funds become even more important when investing into something as volatile as bitcoin, since we should not be wanting to cash out of any of our bitcoin except completely at a time of our own choosing, and sometimes we also might want to be careful to not even cash out of bitcoin during times that we would like to, especially if we are still building our BTC stash.

So, for example, if we are trying to get to fuck you status (which tends to be in the ballpark of 20 to 30 years of expenses), and we barely have reached an accumulation of 1 year of expenses, we may well want to stay focused on accumulation that does not involve selling any BTC... . but if you are somewhat ahead of your investment, you might create some plans that reasonably attempt to figure out when blow off tops are not sustainable. .and at the same time not trying to get too greedy with the matter and/or not interfering with your need to be ongoingly accumulating bitcoin, so it can be difficult to justify selling any BTC, especially during early periods of BTC accumulation.

So in that regard, sometimes it can take close to 10 years to reach an accumulation of 1 year's of expenses (that is using 10% per year as a guideline).. so many times people might not be in a position to be selling any of their BTC even if there are spikes along the way.. yet at the same time, the longer we are in, the more we might be able to develop strategies that still are quite likely to accomplishing ongoing BTC accumulation and potentially even have some selling along the way.. yet generally, I am not much of an advocate of such a strategy...since it tends to get folks out of the accumulation mindset, which is likely where they should be during their earliest of BTC accumulation years.

Quote from: pinggoki on Today at 06:15:31 AM

Quote from: JayJuanGee on Today at 05:27:56 AM

[edited out]

This personal finance thing should start young, that's why some people that learn it later have a hard time keeping it up because besides refining their skill for finance, they're also honing their discipline to follow the right thing to do so they can be financially healthy because being one is a really difficult thing to do and I agree that the lack in discipline is a big factor.

Yep.. deferred gratification and savings might not be easy to practice, especially when the regular money does not tend to hold its value very well, especially in recent times... so there can be some dilemmas when we are noticing how poorly regular money holds value, so it almost also would become necessary for young folks to start to learn about investing, which surely they should not have to tackle such complicated subjects, but there are some kids who already know that holding their value in fiat money might not be a good thing to do if the currency is ongoingly debasing. Bitcoin is bringing a lot of these sound money ideas into our consciousness, and these days, maybe even young people are going to be needing to become aware of these kinds of sound money ideas.

Quote from: I_Anime on Today at 12:13:54 PM

Quote from: Unplugged Taste on Today at 06:27:35 AM

The best source of side hustle I found on this forum is this one https://[link removed]

If you are too scared of scams and trust score stuff bla bla, then start with minimum amount of $10. Try playing around it daily, you can easily double your income every 30 days, if you are smart enough.

I think have came across such link before and base on some research this project has being running for long now. But still I don't trust such because ones you deposit your money . That money would no longer be in your hands so such project can run with your funds anytime they please, that why if you running or come across related stuff be careful most of this project are just build for scamming and all that. You can try jobs that don't involve such risks.

It is not good to cite the links of newbies or even non-newbies shilling outside products - and frequently better to report such posts, so that admins can remove them...and perhaps even ban the user.

Quote from: HideYourKeys on Today at 12:23:59 PM

I think this is obvious, unless you bought bitcoin many years ago (and even in that case), you should have a source of income, at least during the following 10 years, we will see how everything evolves in a few years though

Depending on how much you are investing, how you are investing and how bitcoin performs in the next 10 years, 10 years might not be enough, but surely you can reassess at various points along the way.