Quote from: Jewan420 on June 16, 2024, 05:46:04 PM

Quote from: laijsica on June 16, 2024, 05:23:57 AM

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.

Bitcoin/Shitcoin investors should always remember that, emergency funds and reserve funds act as defenses. We all know the importance of defense. Defense protects us from various attacks and helps us to be aggressive. When you invest in Bitcoin, an emergency fund will act as your defense. As a result, you don't have to sell your invested bitcoins at a loss in an emergency. You will be able to meet your needs from the emergency fund. Reserve funds help to be defensive and offensive. A reserve fund helps to increase the amount of your investment and usage during times of need. When you accumulate more than the target amount in your reserve fund, you can invest it. It works as an aggressive approach to investing.

Emergency funding provides your with investment securities because if you have enough cash reserves your investment is safer compared to someone who wholly depends on the investment for daily survival and meeting financial needs, when you are in a discussion with someone who have an emergency plans and working mechanism you will hear and spot that from their approach to the discussion since they be speaking more confidently a d can take whatever risk without looking back, but on the other hand a person without a separate fund to take care of emergency can easily be shaken when the market fails to go in their favour and there need to meet a need financially.

Investment in high risk asset like bitcoin is very technical and at that you have to build every necessary working environment and plans that will always take you away from your investment whenever you are in a financial needs, so the point is that, investing in bitcoin without an emergency funds should be avoided and only invest the amount you does not have no need for long time that way you avoid all unnecessary pressure on yourself and your bitcoin assets