Re: Buy Buy Buy or Sell Sell Sell?

Sure.. not guaranteed.. but it surely seems like a good thing to do and a good place to put some (if not all) of your extra value that you are willing to invest.

That's true, there's no guarantees that Bitcoin price will just continue to keep increasing, but still investing in it worth the risk . Because it has already proven to be among the best investment, that any one can easily take part on .

Quote from: Bravut on May 29, 2024, 12:38:37 PM

Fait is getting inflated everyday and value keep track with higher amount, I won't suggest we keep or save in Bitcoin, it a very volatile asset of which we cannot be too optimistic of increasing value rather we invest a certain amount which we can afford to lose. You can expect someone to save in Bitcoin, the money that would have been used for daily needs and other projects, what about bear seasons or price corrections this cannot be overstressed we all are optimistic yeah but there should be limit, you can only do that when you have more than enough money at your disposable, if that's not the case it cannot be seen as Investment but financial illiteracy.

With such mindset, the chances of you accumulating some good Bitcoin Stash is low . Like for instance someone is being paid monthly $100 and $50 can cover his expenses. And he has like extra $50 he can use for anything, and Such individual decided that he wanna invest in Bitcoin, and he has the mindset of using only money he can afford to lose. And at the end $10 was the amount he could risk if he continues this way it won't be able to accumulate more quantities for himself.

The best thing to use is that before should accumulate Bitcoin he or she must have some cash that will serve as emergency funds while they accumulate , like instance being paid $100 and $50 can serve as emergency funds. He or she can use $30 as his weekly purchase fir Bitcoin accumulation, while he hold the remaining amount as reserve funds.

Emergency funds sometimes can be very important as it help one to relieve financial pressure or any other challenge and according to your instance,

Don't use the word sometimes, emergency funds is very important and necessary for someone investing in bitcoin or who have a bitcoin investment, because it serves as a back up for that investor, so that he does not deep hands into his bitcoin investment when an emergency occurs, because unforseen challenges must come our way when investing. This is why your emergency funds must be up to 3-6 months in size since it is the back bone of your bitcoin investment portfolio. There is also reserve funds which backs up your emergency funds.

Quote from: sotelorene on Today at 03:31:53 AM

in my place I think $100 won't be even enough to buy what you will eat because of the economy talk more of to use 30% of the money to invest in Bitcoin what it means is that if you try it you will be so frustrated and confused on what to do in fact your investment in Bitcoin will be disturbed. Before someone should or will invest in Bitcoin he/she should make sure that they have enough money that will make them stay off from their investment.

Such person with low income that cannot take care of his monthly needs with such amount should not invest in bitcoin, when you don't have a discretionary income. If the person wants to invest in bitcoin, he needs to get a second means of income, that will enable him have a discretionary income to invest with.