Quote from: Mayor of ogba on Today at 06:53:15 AM

Quote from: Falconer on April 24, 2024, 06:54:03 PM

Quote from: Y3shot on April 24, 2024, 05:36:47 PM

Quote from: Barikui1 on April 22, 2024, 10:02:43 AM

-snip-

Now that the price of bitcoin is low the goal is to buy more Bitcoin and hodl because it will surely yield more profit. When you believe in hodling their won't be any feeling of doubt of bitcoin.

But unfortunately, not all of them can do it. Lack of budget is the most common problem that thwarts accumulation plans for every investor, they also don't need to force themselves to get a budget by any means just because they want to accumulate on dip. You can accumulate at any time as long as you have a budget, but I don't think you should force it.

Consider that you still need a lot of money to meet your daily, weekly and monthly needs. In fact, you still have to consider unexpected costs, bills and so on, so there's nothing you need to force even if the price is being corrected.

By the way, bitcoin fell by 3.6% in the last 24 hours. This may be the time to do some accumulation if you have a budget.

When it comes to bitcoin investment, we should not invest all of our money in it so that we will always be able to solve our financial needs when they arise. We all know that not all investors are financially okay with buying the bitcoin dip, and if they are concerned about buying the dip, they might temper their emergency funds to buy the dip because their income source can't cover their expenses. And when an emergency happens, they will depend on their bitcoin investment to solve it. It is not easy to hold bitcoin for the long term, so we need to adopt a strategy that will allow us to accumulate bitcoin without struggling to solve our daily problems. This is why it is good to accumulate bitcoin with the DCA strategy because you will make provisions for an emergency fund that will allow you to take care of your unforeseen problems and also accumulate bitcoin even when it is in a dip.

It somehow put you on huge risk if you invest all your money on it since you might really be affected so bad once you see a correction happened in the market which could lead to bad decision you take. So much better only to spend the extra amount you have and try to work on it to make your balance grow.

We don't set our investment for short term so aspiring investor should not look at current value and their gains so they would never think about putting all they have or risk all. For sure if they are consistent on their accumulation they will be rewarded as they can see when they count all their funds gathered for long years of acquiring this will be huge plus imagine on what will be the figures to show up on that time knowing that maybe there will be a lots of demand will come up especially as we know that number of bitcoin is limited in circulation.

Savings for emergency funds has been discussed for so many times so maybe they should do back read since for sure that there's a lot of learnings they can get from peoples opinion in this thread.