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
Yeah that's true, we need to engage with long-term investment when it comes to Bitcoin, because we all believe that Bitcoin is going to keep growing as time goes on , tho there's no guarantees and all that . Like recently we can see that Bitcoin hit the price range of $70k that's a good sign that the bull run is close. Bitcoin just gathering strength so that it can be able to surge massively, so selling your investment now due to the recent movement in price (increase) , won't be smart at all , because soon Bitcoin won't be around 5 digit, rather 6 digit and I at that time alot of folks that sold their holdings very early , are going to endup saying had I known.
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.
How to allocate funds for each of these things will actually not be difficult enough for people who have income every month. For example, the funds we provide ourselves to buy Bitcoin while it is still at the Dip price with the aim of not wanting to sell it in the near future so that we ourselves can prepare this and not hold onto these funds except to buy Bitcoin at the Dip. Likewise with funds for other things in life so that the things we do such as investing in Bitcoin will never be disturbed even though in our life conditions we are facing bad things through the economy or whatever.
Well according to the lil knowledge have gathered concerning holding Bitcoin, when it comes to buying the dip is always advisable for one to set aside some reserve funds to purchase the dip if any occurs. Because we can't actually tell when or howfar the dip may go and all that . But having a reserve funds as already given one some advantage when it comes to the dip . So one don't have to wait for any dip before thinking of purchasing bitcoin, instead they can continue with their accummulation and purchase the dip when any occurs with their reserve funds while accumulating.
Deciding to invest in BTC is definitely not worth wasting time as it tends to be volatile all the time. Many expect the DIP price to be normal. But for those people DCA recommends continuing to deposit. Yes definitely he must have disposable income as well as emergency cash fund resources. Bitcoin continues to accumulate as well as the opportunity to buy higher while the relative dips. In this case the size of the stach increases with time as the share of future desired benefits. Again the habit of continuing to deposit normally in the trend of rising prices and for a long time.