Quote from: JayJuanGee on Today at 06:01:31 AM

I would suggest that the guy invest equally in his bitcoin and his emergency fund, so even if it takes him 12 to 18 months to build his emergency fund up to 3 months, he has been simultaneously building his Bitcoin, and so once his emergency fund is 3 months, then he can likely be more aggressive with his bitcoin investment, and perhaps still continue to build his emergency fund up to 6 months, and maybe after 4-6 years investing in bitcoin, at that point he might have started to get close to reaching 6 months of an emergency fund and maybe right around the same for his bitcoin investment, and perhaps even more for his bitcoin investment, and the stronger his emergency fund, the more aggressive he can start being with his bitcoin investment and maybe he has a combination of BTC investment, emergency fund, reserve funds and a float.. all building up the longer that he is in bitcoin.

Indeed, anyone looking forward to build an emergency fund should build it alongside his Bitcoin investment. Lets say the person is using DCA strategy for investment, from a monthly income of $2k. based on the fact that he is still a single youth, he can minimize his expenses to 1k a month then, such person could possibly invest 30% of his income into Bitcoin for a month, which would be $600 while he can keep 20% for his emergency fund which is a $400. Based on the fact that his monthly expenses can be dealt with $1k, after doing this for 15 months, he must have built a 6 months expenses worth of emergency fund. And thereafter, we can become more aggressive with his Bitcoin investment untill he feel he'll be needing a break or if he has accumulated enough.

Quote from: JayJuanGee on Today at 06:01:31 AM

Even though I am glad that some of you guys feel some benefits from some of the ideas sharing in this thread (and maybe other parts of the forum), don't come crying to me if you end up losing money...

Many of us are regular people and sometimes we even make mistakes in terms of how we say things and how we might be interpreted by others...

and another thing is that there can be two guys looking at the same situation, who may well end up slightly different tradeoffs, and maybe either choice is good for that person, but sometimes there are better choices amongst the ones available, and it can frequently be difficult to know exactly how to make the tradeoffs.. and sometimes taking a bit of extra risk is o.k.. and sometimes playing around a bit is o.k... as long as we don't devolve too much into gambling.. and no one is going to completely know when they have devolved too far into gambling.. because 10% to 20% investment might work for some guys, but others might not be able to afford that level of investing based on their own cashflow versus expenses situation.

I doubt that any of your advise could lead to such scenario of making a failed investment planning. Anyone thinking normally can understand the benefits of your teachings and apply them to make a successful life investment except, the person is dumb enough not to understand. Though mistake can aren't something we all are immune from, but from experts like yourself, they are minimal.

Quote from: Justbillywitt on Today at 06:19:00 AM

Quote from: boyptc on February 06, 2024, 11:52:22 PM

But for those that are good in trading and they're making a living out of it, I see people that do that and I guess it's just really for them but for me, it's not but it won't stop me to do trades.

This issue of trading has been addressed by JJG that we shouldn't be doing the comparison between buying and holding and trading in this thread as talking more about trading seems to be like an off topic discussion since the name of the thread is buying the dip and hodl. I honestly see the reason why he said so. Moreover I don't see a base for the meaningless comparison between hodling and trading. Anyone who is interested in talking about trading should look for a thread talking about trading or a thread that allows the comparison between trading and holding. But here let's keep the discussion going according to the thread name.

Trading is like a term used in shitcoins, and Bitcoin primarily is not a short term investment. Those who started their investment early and still holds their coin can attest to the fact that Bitcoin is not a coin for trading. I saw a post some couple of months ago were an investor was bitterly expressing his experiencing how he sold some of his Bitcoin when the price pumped, and he thought that was all, unknown to him that the price just started then. And his advice was, don't sell your coin hold and if possible you could pass some to your next generation. There are many others who had such experience with selling your coin at the peak of a bull run and later came to understand that, it was a dumb discussion they took. Trading Bitcoin will only result to missed opportunities compared to what you could achieve with just holding.