Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Tmoonz
on 23/04/2024, 21:39:29 UTC
Wether they take quick profits or not Bitcoin still remains, it's all by choice and how we view from our perspective, each investor knows what's suitable and good for him because the needed funds used to invest was raised by him, despite all these happening, we only just advise investors to purchase/ keep on purchasing Bitcoin, restrain from selling and continue to hold for the long run in order to maximize the profits and store this wealth for a longer time.

Emergency funds are compulsory units in the process of accumulating Bitcoin that should not be neglected, life is full of unforseen circumstances that may come either at the appropriate time when funds is surplus or not, during this point in time a persons emergency funds will step in to resolve that issue instead of altering one's investment portfolio just to solve the need.
But unfortunately, not many Bitcoin investors can determine when they will take their profits. Many of them cannot wait patiently for the price of Bitcoin to increase very high. Most of them are still consumed by the issues raised by unclear news.

They will panic and make decisions without thinking twice. They cannot find more information about the situation that is happening so that they make instant decisions. For those who can still be patient, they can see when they can sell their Bitcoin and take the profit.

For emergency funds, it is best to separate it from investing in Bitcoin so that it does not interfere with our investment plans. But 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.

This shouldn't have to do with those that are still early or a low coiner in their accumulation journey except those who already far gone or probably in their maintenance level else it will be considered that they are using the money that is meant for their personal needs to invest in Bitcoin. However, irrespective of the fact that our emergency will varies from one individual to another based on financial situation and personal expenses, the Idea of the emergency funds is to set aside 3 to 6 months worths of our expenses such that  selling part of your investment when you still early in your accumulation journey can be very bad and retarding because it will be senseless to be selling part of your Bitcoin investment in order to meet up your emergency when you are supposed to be making buying your hubby and possibly being aggressive without over doing it in order for you to have a sizeable worth of Bitcoin.