Quote from: JayJuanGee on April 24, 2024, 04:47:35 AM

Quote from: Stablexcoin on April 23, 2024, 12:10:04 PM

First thing i did was to download budgeting apps that helps me plan a financial foundation for log term. During the investment process i acknowledge unexpected expenses that i have no choice than to dip into my emergency funds but i immediately rebuild it as soon as possible so that my investment wont be next. Although i allocate a particular 20% of my income into the emergency fund and also include money that was giving to me like a bonus or friends and family.

This is a weird way of talking about an emergency fund, and sure you may well be including the idea of emergency fund with the idea of reserve funds and cash floats, yet one of the things about an emergency fund, it is generally not a part of something that you take from your income as a percentage, because once you have established it, you don't need to keep adding to it... .. so yeah, whatever you are doing might be working for you, but it might not be workable if a true emergency were to come, then usually you would need 3-6 months of income/expenses within such a fund in order to be able to get through the emergency situation (such as loss of cashflow and/or some high expenses that had not been anticipated).

I surely don't have any problem with the idea of replenishing your emergency fund, even though emergency funds should almost never be used absent a true emergency, so usually you would be using your float and/or your reserves prior to even needing to dip into your emergency fund.

By the way, the management and maintenance of emergency funds, reserves, and floats tend to be way more important for poor people even though it likely is difficult for poor people to establish such funds and such good personal financial management practices. Rich people may well have a variety of investments and they can actually use one of them for their emergency funds, and also if someone is at or near fuck you status, then they can actually use their investments as emergency funds, since maybe they are already able to draw from their investment at a monthly rate, so they are able to draw an extra 3-6 months from their investment without much of any problem, presuming entry-level fuck you status could be anywhere between 12-25 years of income already in your investment (and with BTC I am valuing the BTC holdings at the 200-WMA rather than at BTC spot price).

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

Quote from: Obim34 on April 23, 2024, 09:50:19 AM

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.

If you been in bitcoin since your forum registration date of August 2016, then surely it is possible that you have accumulated enough BTC, yet to me, you sound like you are looking at bitcoin like a trader, and you are ultimately likely to be ending up selling too many BTC too soon, because you do not recognize and appreciate that long term investing and building wealth takes time, and when you get there, you are likely able to recognize an ability to start to make withdrawals... but yeah, if you are fucking around and trying to figure out when to sell in order to buy back cheaper, then you are playing a different game, and you are likely going to have fun staying poor because you are selling too many BTC too soon instead of having a plan that ultimately results in being able to either engage in

You are wrong when someone buys Bitcoin when it was on a low price and then sell when it is at high price there's nothing wrong with that you can't be holding Bitcoin forever you buy and you sell I will only advice when selling you sell part of it and keep some part.
Buying Bitcoin when is cheap and selling when is high is a good business you can't hold forever when someone gets to his or her target they can sell.

Sure.. so what.. there are people who overinvest, and they don't know how to treat bitcoin like a long term investment rather than worrying about playing the price waves. Those are temptations that each of us have to overcome in terms of putting practices into place in which we make sure that we have long term accumulation plans that don't necessarily involve selling until after we might have already created a decently sized BTC stash.
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Some people are willing to hold Bitcoin for long but because of emergency issues they starting selling it in other to handle the issue.
To buy Bitcoin is easy but to hold for long term is very difficult it takes discipline to do that and that is why will also need to pray so we won't meet challenges that will make use sell off our investment.

It is not understandable to use part of your BTC as your emergency fund, unless you have already reached near or close to your fuck you status... but yeah, people use a lot of things for their emergency fund when they have not established a good practice in regards to their emergency fund, their reserves and their float... which should be part of any sound investment in which you want to choose which assets to sell instead of being forced into selling your BTC at a time that is not completely of your own choosing.
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It is very much understandable using your investment to solve emergency issues we invest so we can solve unexpected challenges that comes our way.
What are we investing for or struggling to make money for if not to solve challenges that comes our way, so no matter the emergency and you feel is time to sell part of your Bitcoin to solve it is understandable time we come when you will buy again the most important thing is your peace of mind.