Quote from: Odusko on Today at 02:50:47 PM

Quote from: Tmoonz on Today at 02:38:08 PM

At some point you can get sell off your investment to meet up certain demand, but it's always advisable to hodl unto your investment in other to have a full rewards.
There must be a source of income to be successful in Bitcoin investment, you must have a stable source of income that will accompany you to your destination.

It has been severally said that every kind of investment comes with certain level of preparedness where there must be a provisional emergency, reserved and float funds to take care of your daily upkeep and unplanned expenses in other not to retard the growth of your investment or completely selling it off too soon.

You got it rightz having a steady cash follow that take cares of your expenses is jey to growth of investment and portfolio and that is why we always say that bitcoin investment ahould be done based on left over cash or money that you dont have any needs for 8n a long time from now, take those who dip into their investment qhen the price of Bitcoin started to pick at $45,000, thinking that is the highest Bitcoin will go at this time, but seeing that Bitcoin is about to break the all time high price it hard in previous year, so that is a shot on the leg.

Most of us commit such investment blunders and to which we have not learned our lesson to always buy low and hold for a long while before conversion, a situation that sees us to making good and sustainable profits along the line, we need to make adequate preparation tto accumulate more bitcoin and spend less of it holdle is the way up and not cashing out.

Simply put, bitcoin accumulation is for everyone but not everyone has a good balance regarding financial matters, there are some of them who have an income that is only enough to meet their needs and there are also those who have some money from the rest of their needs, and the second point I mentioned that has the opportunity to start engaging in bitcoin accumulation, none other than because after all, life needs are the most important and must be prioritized aside from the desire to engage in bitcoin accumulation. As you said that it is recommended to use the remaining money from all the needs that have been met first, and this situation is a safer situation for someone to engage in bitcoin accumulation. On the other hand by looking at the current bitcoin price situation, I think we all agree that bitcoin will be able to break the previous ATH.

I think everyone already knows that the rules of engagement in investments to be profitable are to buy at low prices and wait to sell at high prices, but the problem is that not everyone is able to be patient to really wait for the highest price that can really provide significant benefits, in some cases many of them are too fast in terms of taking profits, one of the causes may be the "worry" within themselves which ultimately makes them make the decision to cash out early. But actually concern is a natural feeling for all investors because investment not only provides profit opportunities but also has the possibility of risks that cannot always be avoided completely, everyone has a sense of concern but not everyone has a broad understanding and insight into the potential of bitcoin itself so maybe that's what makes them make decisions too early in terms of taking advantage.