Quote from: Salahmu on April 23, 2024, 06:25:12 PM

Quote from: michellee on April 23, 2024, 12:16:12 PM

there are also investors who use some of their Bitcoin to meet their emergency needs because their emergency funds cannot cover them. This is understandable because we often experience emergency needs that we must fulfill immediately.

Your investment shouldn't be use for an emergency funds because that's not it purpose, however just like in everything we do there most be proper planning which will guide you as you are progressing and helps you to identify the possible unforseen circumstances that could possibly arise in the future or along the line and from there you could possibly see the reason why it is important to have an emergency funds that could be suitable enough to prevent you from tampering with your Bitcoin investment.

However an investors who consider his investment as an alternative to withdraw some funds in other to take care of needs is not actually consider as a good investor because is obvious that the investment may likely failed along the line, so actually if your emergency is not suitable enough you could as well re strategize your accumulation pattern to fit in your capability instead of putting everything and later you start selling off your Bitcoin investment for other needs.

That is the truth of this system, there is no way you can win the raise by combining your investment with your emergency fund because money has it spirit and human want is insatiable as problem keep rising you won't know when you have exceeded the limit of touching the main investment fund , which is very unwise for any investor to practice. Like I always argue over my last post no body run a raise looking back can win the raise with good results if you invested for long term holding through the DCA strategy and you keep on monitoring the market and withdrawing your profit before the time, based on the facts is your entitlement and your investment as well, it really show that your not ready to keep to the investment rules which will help you at the end because all the profit you withdraw is still meant to have some impact of increasing your accumulation, for those who are good in maths you believe me that if you invested $200k for 4years and you leave it without touching the profit the yearly profit will also add up to you capital to increase the investment for the next year which authentically increase the subsequent year profit. The best in all us to free any thing that will leads to touching your investment weather profit or not to mature it accumulate to the actual year of investment.

Proper planning must have been put in place because Long term investment is not something to jump into without adequate preparation or planing, I see why people always focus the profit gain in there investment before the actual time of maturity is as a result of lack of preparation and planning which don't work well in this kind of investment, like my people always said that rabbit of one hole is easily killed by hunter, it means your investment won't survive the heat since your not prepared because your meant to zero your mind in anything withdrawal and use other means of income as those things is already in place before venturing into long term investment.