Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Jerrycrypto2024
on 24/04/2024, 13:43:39 UTC
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.
Those investors should not to be taken seriously considering that they will always run to sell of part of their holding to solve problems. This set of people cannot successfully hold bitcoin for a full circle. Don't make investment when you cannot feed yourself and take care of your basic needs without turning to their investment. When we do invest, turning to our investment to solve problems should totally be out of the equation.
Emergencies can occur at any time so we are required to make every effort to overcome them, including sacrificing the investments we make.
For example, health or education problems are problems that cannot be tolerated when you need money immediately.
I don't think it's a problem or a fear for us not to start investing, problems that occur unexpectedly in life are a normal thing in my opinion, and I never thought it would be a reason for us not being able to succeed in investing.

This is different from people who are unable to meet their daily needs, such people certainly will not think about investing.
Investments are only made by people who have more money than they can use and the better option is to invest compared to saving.

I may not fully agree to this that investment is only made by people who have more money than they can use,  reason because investment is a state of the mind for many have what it take but could not invest based on their mindset investment is all about planning, it is very difficult for any one who has not plan to come into decision making of   investing even when the money is there, likely also to those who invested and can't allow the investment to get to the required stage due to the demand of profit as emergency fund as their capital is invested together with emergency fund is lack of planing because good investor with well plan can sort out all this issue before entering into the contract if investing no body wake up and jump into something that he has no idea it, the inability to know and plan can leads to failure even when the money is there.