We are taking so much risk for investing all we have that's why its important for us to consider those important matter that needed to survive so that we will not really came to the point that we need to sell our holdings since there's an emergency situation happen to us. That's how the importance of setting up a emergency funds since this could help us survive on crucial times without even touching our funds used for investment.
Being so aggressive on our investment decision will put us on heavy situation that's the reason on why we need to think about those things that we are trying to do. Its not good for us to rush all our decision and risk everything we have. If they are confused about how to do good decision then they are already on right venue where everything related to bitcoin investment discussion is already here. For sure lots of people can learn a lot from statement given by experience people giving some of nice inputs about what are the possible best suggestions that a investor could ever do.
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). 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.
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. 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.