Quote from: Mayor of ogba on Today at 04:41:26 AM

Quote from: boty on June 13, 2024, 12:59:46 PM

Quote from: Mr.sprin on June 13, 2024, 03:59:16 AM

Quote from: laijsica on June 12, 2024, 05:12:04 PM

Your asset base should be much higher than your investments if you intend to accumulate bitcoins until you have a decent stash. You can be overly aggressive in accumulating bitcoins but realistically not at the expense of all your wealth. That's why pricing each asset level separately is to ensure maximum utilization during the period of its need. The portion of your wealth that can go into investing in Bitcoin is a fraction of your income and it may take a long time for you to reach a decent size by following the normal process but consistently running it.

Agree with what you just said, when we invest, what we have to think about is how we manage our finances so that we don't get too high, we invest as much as possible, that's fine, but we have to remember, our remaining savings must be more than that we invest, because no matter how much investment is not necessarily profitable in an instant, it will definitely take a long time and be a long process, don't let all the savings we have be invested, wherever we want to take our daily needs, in the end we will end up going into debt first, so We have to balance it with our savings, don't let it exceed the limits of our own capabilities.

Leaving a little money for needs that we don't expect is of course very important because if we don't have these funds and choose to invest all the savings we have, of course this will make us unable to carry out investments well, because we cannot know the need for these funds. with certainty and if we don't have it when we need it, of course this will make us have to pay back what we have invested, both in terms of losses and profits. If it is in favorable conditions, of course this is certainly not a problem, but if the investment conditions we are in If you don't run it in good condition, of course you have to take it in a situation that is detrimental to you.

This is a step every investor must take to have a successful bitcoin accumulation journey. It is always important to make available emergency funds, reserve funds, and floats before we start accumulating bitcoin so that we can always solve our unforeseen problems whenever they arise, and sometimes we can buy the dip with reserve funds. But when we don't make provisions for all these funds, we will never have a successful bitcoin accumulation journey because we will sell our bitcoin investment one day to solve our unforeseen problems.

Most investors make this common mistake and forget to increase the amount of their reserve fund to store bitcoins. Being overly emotional and aggressive in investing and overbuying can sometimes be negative. But to be aggressive you have to look for bearish season which is a bit time consuming. Bearish season enters though with less durability and more bullish trend. Your investment success is largely dependent on buying dips if you can do so your profits can be high.

Unexpected problems may come in your life and for that it is important that you know adequate defensive mechanisms such as floating money and being moderately aggressive. But I prefer to be a bit aggressive in bearish season because in this bearish season there is some doubt about whether I will get more in future.