Quote from: smelody on February 07, 2024, 06:39:54 AM

Quote from: JayJuanGee on February 07, 2024, 06:01:31 AM

[edited out]

Emergency funds savings set aside specifically to cover unexpected expenses or financial emergencies.These funds are typically taken process can be followed DCA.Financial experts often recommend having enough funds in an emergency fund to cover three to six months' worth of living expenses although the exact amount may vary depending on individual circumstances.

This funds in that they have set aside to provide financial stability and security at-least 10% or 15% BTC. It's are often used in a broader sense encompassing savings set aside for various purposes beyond just emergencies.Reserve funds may include savings for future large purchases, planning to expenses or to cover fluctuations in income or expenses and also can be used strategically to maintain financial health and stability over the long term.

Float can delay between when a check is written and when it clears from the issuer's account float effectively can provide opportunities for cash flow management and may allow individuals or businesses to earn interest or other benefits from the temporary use of funds.
emergency funds and reserve funds are savings set aside for financial stability and security with emergency funds specifically designated for unexpected expenses while float refers to the time delay in financial transactions. Each concept plays a role in ensuring financial health and stability in both personal and business finances.

You really must be a bot. No?

Quote from: Salahmu on February 07, 2024, 08:01:52 AM

Quote from: Tmoonz on February 07, 2024, 12:33:24 AM

Quote from: JayJuanGee on February 06, 2024, 09:00:09 PM

so sometimes we do likely have to try to figure out whether guys really have long term intentions or if they are merely engaged in some kind of flipping practice or pursuing dollars, which seems to then result in trading rather than investing, even though there still might be profits involved, but not the kinds of profits that would come from both longer term holding or investing over a long period of time, and then the earliest purchased bitcoins will likely have higher levels of profits than the more recent purchased coins, yet it also seems that the longer and longer that we stay invested then we will be building and building the size of our BTC stash and the longer that we are in, then probably the more likely that we are going to have older coins that have gone up a lot in value.. perhaps both exponentially and having several compounding events.. and at least those are goals, even though they surely are not guaranteed and even along our bitcoin journey we are also likely going to experience a lot of volatility along the way and have strategies in place to deal with the likely to be near inevitable volatility without panicking.

Many are not interested in any investment that will take up longer time probably with the notion that they are not going to live longer enough to enjoy it neither do they want family or generation to enjoy it or that they are much comfortable with their current condition and refused to take a step.

I think you are getting it all wrong because that's not what @JayJuanGee was emphasizing on, however I don't think your theory concerning the reason why most people doesn't go for long term holding is right because I find it to be an assumption because there is no way an investor will allow his mindset of living long or not determines his intentions of holding Bitcoin for a very long term because there is no way an investor will no when he will be gone,

When people get older they might not have enough confidence to invest into anything for 4-10 years or longer, so a question might be if they meet the minimum requirement of 4 years, and if they do not, then they may well have to consider their own senses in regards to how liquid that they need to be, and if it might be a good idea to invest into something like bitcoin for a period that is less than 4 years... maybe they still invest, but instead of considering 5% to 25%, they instead might just consider 1% to 2%, and even that might be too much.. so if their timeline for investing (even though they don't know when they are going to die) might be less, they still might be willing to put some value into bitcoin, but that would be more like trading or trying to play a short term wave rather than longer term investing...

Another thing is that they are not sure if they are going to need the money in less than 4 years, so they decide to put some money into BTC andthey know that they have to reduce the amount that they would be willing to put in, because they are gambling on not needing the money for 4 years, even though they are not really sure since they might already know about circumstances of their health, their age and/or maybe the status of their other funds that causes them concerns in regards to when they might need the money and maybe it is 50/50 odds that they could keep it invested for at least 4 years, which they have to take those kinds of factors into account when deciding if and if they decide in the affirmative to invest into bitcoin then how much and how to do it..

Quote from: Salahmu on February 07, 2024, 08:01:52 AM

so that shouldn't be a determining factor against his Bitcoin accumulation and however short term or flipping practice is even the worst because you could lose everything all in the name of chasing Bitcoin price, perhaps understanding the power of holding Bitcoin is actually the beginning of your investment knowledge because holding is the only way to the heart of Bitcoin.

Exactly why it is problematic to have less than a 4-year investment time horizon when you invest into bitcoin, but we cannot stop people from doing it and we cannot imagine circumstances in which it still might be reasonable to invest some into bitcoin, but just a smaller amount as compared if you clearly had more confidence of having a 4 year or longer investment time horizon.

Quote from: Obim34 on February 07, 2024, 02:22:10 PM

Quote from: letteredhub on February 07, 2024, 08:08:40 AM

Quote from: JayJuanGee on February 06, 2024, 09:00:09 PM

And of course, guys can do whatever they like, yet if we are talking about various accumulation strategies in this thread, it can be a bit irritating when we see guys talking about strategies that seem to gravitate towards trading or even selling to accumulate more BTC, but then at the same time, they do not present the idea very well, and surely it seem to be off topic since even the topic of the thread does not say anything about selling and the idea of HODL in the context of this thread largely is suggesting the opposite... don't sell. So then there is nothing wrong with having different opinions, even though the concept of trading or selling to accumulate seems to be off topic.. at least for guys who may admit that they are in the earliest of stages of their BTC accumulation journey..

so sometimes we do likely have to try to figure out whether guys really have long term intentions or if they are merely engaged in some kind of flipping practice or pursuing dollars, which seems to then result in trading rather than investing, even though there still might be profits involved, but not the kinds of profits that would come from both longer term holding or investing over a long period of time, and then the earliest purchased bitcoins will likely have higher levels of profits than the more recent purchased coins, yet it also seems that the longer and longer that we stay invested then we will be building and building the size of our BTC stash and the longer that we are in, then probably the more likely that we are going to have older coins that have gone up a lot in value.. perhaps both exponentially and having several compounding events.. and at least those are goals, even though they surely are not guaranteed and even along our bitcoin journey we are also likely going to experience a lot of volatility along the way and have strategies in place to deal with the likely to be near inevitable volatility without panicking.

from what you're saying you may agree with me that between the earliest stage bitcoin holders and the recent stage holders, the earliest stage bitcoin holders has the tendency to hold much more longer than they have even previously held compared to the recent bitcoin holders who have just gotten into the market and have little or no experience of certain ups and down in the market from what earliest holders must have experienced.

Imagine a $7k price rise into the current $43k+ price of bitcoin making it $50k, a recent holder will be triggered)tempted to jump into selling to make dollar profit forgetting that the idea was initially to hold for a long long period accumulatively without tampering regardless of the market price, but to an earliest holder such a price increase is next to nothing or less because he had seen many higher price increases in the past than what he's getting now and to him the holding target continues even after the next ATH. It will take a lot of discipline and determination to hold irrespective of what come may in price for a recent holder to find himself in the lines of holding for long as expected.

Experience could be one factor to facilitate one's decision to continue holding their investment, some people are easily moved with a slight increase in the price of Bitcoin and can as well be tempted not just new investors even those who had long stayed in the system and have not yet understand the power of long term holding, so it goes more with the mindset, we are clearly expected to open our mind and accept the fact that during our Bitcoin accumulation it is expected of us to generate the mindset of long term holding and abstain from unnecessary sell pressure.

You are likely correct Obim34 that the HODLer mindset is not ONLY a factor of how long any of us has been in bitcoin, even though level of conviction likely can grow through time, and the actions of holding is largely demonstrating that a level of conviction exists.

Newer BTC HODLers can also build these kinds of HODLers mindsets, and maybe part of the way to build a HODLer mindset in earlier times is to be careful NOT to overly invest and to engage in measures to take emotions out of your investment, which a combination of techniques help to reinforce those kinds of HODLer ideas. So if we are keeping sound practices in which we might stock up and prepare for up with a bit of front loading and then regularly DCA and maybe keep some extra funds for buying on the dip, building our emergency fund and with the passage of time our systems are tested and the maintaining of the balance and building of the balance reinforces the HODLer mentality - even though there can be challenging times to figure out how much to invest and how to invest and how much value to keep in reserves even if the BTC price might be dipping, there might already be a plan in place and some of the buying on the way down affects how much of a balance of cash that we continue to have in reserves t o be able to continue to buy more BTC.. which there might be some situations where we just have to HODL through situations that we run out of cash, we wait for our next paycheck to come in so that we can buy more, but we still might have to be careful NOT to overly spend, especially if we had already been buying on dips and we are running out of money and the BTC price keeps dipping.

The more we go through these various challenges without panicking and while maintaining some kind of a budget concerning when to buy, these can all reinforce our conviction, even though sometimes we might be uncomfortable for periods in which we might have to just HODL through it.. since we might have already made our buys and we ONLY have so much money that we can buy with at any particular price point and also over any particular point of time.. absent figuring out if there might be ways to earn more money during such times..

Quote from: Richbased on February 07, 2024, 10:59:42 PM

...... what i was only trying to clarify is that as time goes on that's how the price of Bitcoin keeps skyrocketing thereby anyone using the DCA and making speculations about having a certain quantity of Bitcoin at a particular time in the future may not really achieve that though making speculations are good because it helps to boost ones confidence spirit that you are almost at the verge of meeting up your desired accumulating amount but sometimes when we give time with which our investments would be matured enough it might make us to stop buying when we approach that target we had that's why I said it is better to keep buying and hodling regardless of if you've met your target or not.

The above bolded statement comes off as a bit contradictory, yet I can see that sometimes people will be lacking confidence in regards to whether they have created an appropriate target, including having enough of a price cushion in order to be able to live off of the money, for example.

We likely realize that there are so many fiat investments that do not seem to work out very well, and part of the reason for their not working out has to do with the ongoing, persistent and consistent debasing of the dollar (and other fiat currencies).

Personally, I believe that if we are valuing our BTC in accordance with the 200-week moving average, then we are more likely going to be able to set more realistic goals as compared with our getting caught upon BTC price spices and the various uncertainties that come from trying to figure out the various price waves. My sustainable withdrawal proposals and my attempts at measuring entry-level fuck you status relates to value foundations based on using the 200-week moving average.

Quote from: Agbamoni on February 07, 2024, 11:33:30 PM

What am saying in conclusion is that the wealthy people don't need Bitcoin to get rich. And they probably don't focus on setting a target for investment. But they are masters when it comes to long term investment. There main intentions are to buy enough bitcoin so that they can maintain their level of wealth or double it no matter what happens.

You are kind of contradicting yourself. Wealthy people might not need bitcoin to get rich because they are already rich, but they may end up needing to get some bitocin to stay rich, otherwise they are likely going to fall behind since we seem to be likely in the midst of one of the largest wealth transfers (if not the largest) ever, so people who do not have bitcoin will be transferring their wealth to the people who have bitcoin, and if the people who have bitcoin are poor, then they have to figure out how to make sure that they mostly hang onto their bitcoin during this process...

and yeah, rich people have advantages over poor people, but who is rich and how richness is defined is in the process of changing and will likely continue to stay in the process of changing while the no coiners figure out that they likely should get some coins or else run the risk of not being able to hang onto whatever wealth status that they had previously had... and yeah it likely is going to take quite a bit of time for all of this to play out and we are still early, so there are still possibilities for a lot of poor people to do well as long as they identify bitcoin as the solution and they figure out ways to accumulate bitcoin without either losing it or putting their own BTC holdings at too much risk by engaging in unnecessary risky behaviors.