Quote from: Hewlet on Today at 05:36:57 AM

Quote from: JayJuanGee on Today at 03:12:32 AM

If people are not used to investing, by fault they might become a bit overly aggressive in terms of considering that some or all of their bitcoin could serve as a kind of emergency fund in the event that mistakes are made, yet surely that is not a very good way to invest into something as volatile as bitcoin.. so if the thoughts are that none of the funds that are invested into bitcoin can be touched for 4-10 years or longer, then that kind of a mental framework might be helpful in terms of investing a bit less into bitcoin while building the various other systems of emergency funds, reserves and float, and surely once those are decently in place and have been practiced for a while, there may well end up being abilities to become more aggressive with the disposable income that is then coming in, than would have otherwise been possible without having those various systems in place and without having some periods of practicing your systems and getting good feels for where the boundaries are.

this definitely is the kind of thought process that every Bitcoin holder should have in creating a balance between how aggressive he intends going with his accumilation and how well he is putting in effort to ensure that other systems of emergency funds and sources of his funds are all In place.

long termed investment goals that involves building a strong Bitcoin stack for a period of 4 to 10 years are better off started with a simple and realistic amount while setting up other aspect of our funds generating sectors that will in turn aid us in increasing the amount that's going into our Bitcoin DCA. Being aggressive is good and will surely propel us to meeting our accumilation goal as fast as possible but if done at the wrong time, it's going to play a detrimental role in our accumulation journey and might in the process endanger our holding or possibly put us in a position were we might have to pause our dca routine or reduce on how aggressive we're with our stacking because other aspect of our funds generating systems aren't in check.

I totally agree with you and I feel that this kind of mental framework is going to work well for a majority of us here if we accumulate our BTC at our own pace while ensuring that other aspect that's generating funds for our emergency situation, daily up-keep and allocation for our disposable income is properly structured and taken care of.

The thing is that an overwhelming number of folks who are in their first 4 years of accumulating bitcoin are going to be getting used to the process as well as a consider amount of likelihood that an overwhelming majority of folks are going to also experience a decent amount of fluctuation in their income and/or their expenses that will help to guide them in regards to how aggressive they are able to be without overdoing it (or under doing it).

Quote from: Tmoonz on Today at 12:01:34 PM

Quote from: Popkon6 on Today at 08:23:45 AM

We need to invest bitcoins but invest in such a way that we don't have to sell our holdings if we face danger later. That's why we have to divide it into three parts. Having an emergency fund is the most important, so that we don't have to sell our investments in times of danger. And nothing should be done aggressively, the more aggressive the more likely to go wrong. But we must plan and take all steps to survive our investment for long time.

Let us always make the difference between being aggressive and being overly aggressive in terms of our investment journey, there is nothing wrong being aggressive towards your investment without over doing it such that it will affect your personal living expenses, being aggressive has a lot to do with, how consistence you are comfortably implementing both routine and non routine strategies in oder to maximize the opportunity of stashing up more Bitcoin in to your bag without having a negative effect on our personal life expenses, it is when you over do it without considering much of your other personal needs that it will becomes problematic towards your investment. However, in as much as one being aggressive in his or her investment there must be a balance up in terms satisfying personal needs which will determine your discretional or disposable income and the extend or level of aggressiveness in order to have a successful investment, it all boils down to proper planning and making a adjustments where and when necessary.

I agree with everything you said Tmoonz, and sometimes we might not even realize that we had crossed into a territory of either being overly aggressive or perhaps overly whimpy until somewhere later down the road.. even though I would speculate that being overly aggressive is potentially more problematic than having had figured out that you had been overly whimpy, because many folks will likely erroneously have the feeling that they had been too whimpy in their investment in the event that the BTC price ends up going way up, they end up saying to themselves: "I should have invested more," yet the fact of the matter is that if you are actually attempting to be as aggressive as you can be, then you are already making those kinds of proper balances in terms of your level of aggressiveness.

A similar thing is true on the opposite side, if you end up experiencing some kind of an emergency and you are ill-prepared for it, even though you thought that you were more than sufficiently prepared, you might have to scramble to figure out ways to not sell much if any of your bitcoin in those kinds of circumstances, so there could end up developing circumstances in which you are able to save yourself with a kind of "close call" such as going to a family member with an emergency loan or something like that, but there also might be circumstances where you realize that the circumstance could have had been worse, and maybe you end up selling and/or losing 10% or more of your BTC holdings, but you do not sell/lose all of it, and so in those partial damage situations, you may well learn how to protect yourself in better ways in the future..,. so you live to fight another day, even though a bit more damaged than you had anticipated to have had been possible.

Quote from: Wind_FURY on Today at 02:31:50 PM

Bitcoin Exchange Traded Products have gotten approval to trade on the London Stock Exchange. All the small DIPs that make investors feel anxious because "crabby market", are actually small opportunities to accumulate more Bitcoins. Wait for DIPs or DCA, the investment decisions that you do today will establish your portfolio during the next bullish surge. Bitcoin may not have the best performance cycle per cycle, but it's definitely one of the handful of blockchains that will continue chugging along decade per decade.

I was liking your post, and I was about to send you an smerit Wind_FURY, but when I read the last portion of your last sentence, I was dissuaded... and I even got a bit emotional about such stupidness being spewed from your keyboard.

In other words, fuck shitcoins.

Bitcoin is not "one of a handful of blockchains"..

Fuck that nonsense.

Do you even realize that almost every single blockchain out there is either an affinity scam upon bitcoin, or it completely relies on bitcoin in order to have any value at all?

That is a really dumb statement.. sounds like a statement from someone trying to appear smart in regards to the idea of "crypto" or "blockchain" not bitcoin, so there is a loss of perspective in regards to what bitcoin really is.. as if it were just some other project out there that just happens to be in the lead at this time..

What nonsense you sputtered (or came out of your keyboard).. That could not have had been a slip. You really believe some version of that nonsense. Am I not correct?

Quote from: rachael9385 on Today at 02:35:45 PM

It is very important to make sure we have a good amount of money for emergencies before going into Bitcoin investment (especially when you are planning for the long term).

I will say that you do not need to establish your emergency fund prior to getting started in investing into bitcoin - especially if you are investing for the long term.

Quote from: rachael9385 on Today at 02:35:45 PM

With that, we can successfully invest in Bitcoin without selling any part of it just because we want to solve some kind of emergency issues. On Bitcoin investment there are some challenges an investor faces. The things there are, when you are not properly prepared for the long term investment, you can't afford to continue investing because you are not yet ready, and what makes you ready for investment is how much you are paid as salary and how much you already kept for emergency cases. Even if you are already investing before knowing this, you might not end well because there are things you failed to do/understand, and those things are:

*Making sure you have a good amount separately for emergency cases

*Knowing the best method you can use for your investment plans.

*Having good knowledge about the kind of investment you are in so that you will be able to strategize the kind of methods you can use for the investment.

I believe with these 3 points one can successfully know what and what's needed before investing in Bitcoin.

That information is good, but you do not need to establish all of that prior to getting started in bitcoin. You can simultaneously get started in bitcoin and get the stuff you listed into place. So you are wrong in terms of suggesting needs to establish those things prior to starting your investment into bitcoin.

Quote from: rachael9385 on Today at 02:35:45 PM

Well, it's quite funny how many people rush to invest in Bitcoin because they believe that we are in bull season, so they are expecting to accumulate Bitcoin before then. We all know fully well that it doesn't work that way, investment is a due process thing, and you will need to get knowledge from knowledgeable people or do your own research into it before you start investing. We don't have to rush into Bitcoin because we want to make profits so quickly.

Wrong.

The error or an overwhelming number of most people is not getting started. First thing. Get started..do stuff.. and even if it is just $10 investment to start.. At least at that point you are started. Yeah you can work out the details later, and yeah you should be thinking 4-10 years or longer, so if you are planning on some kind of short-term then that is likely erroneous, so there are people with wrong mindsets, but that still does not necessarily mean that they should not get started, especially if they understand the foundation of investing into bitcoin as being 4-10 years or longer.

Quote from: rachael9385 on Today at 02:35:45 PM

Besides, one can not accumulate 1 Bitcoin if one's getting just $300 a month (that's impossible), so as Bitcoin investment is an asset, it's good to maintain the due process instead of rushing to invest, then you still end up making mistakes that are unforgettable.

Waiting is not an investment strategy... whether your starting goal (ideas) is 1 bitcoin or some other amount...