Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Miles2006
on 01/07/2024, 19:26:25 UTC
Well for me I think one's salary and how much he or she invest on Bitcoin weekly or monthly using the DCA strategy plays a very important role when it comes to reaching a rate to be sustainable because if for example I'm investing on $10 or $20 weekly or monthly on Bitcoin and another is investing $100 to $200 weekly or monthly it will have different time for reaching a rate to be sustainable. ( My point of view).
Sure.  The more you invest, then the faster you will be able to reach your levels, and so if a person is investing 10% of his income, then it is going to take 10 years to reach 1 years worth of income invested, yet if that same person is investing 25%, it is only going to take 4 years to reach 1 years worth of income invested, and surely you are making a good point that if a person retains reasonably low expenses, then he might be able to invest his whole level of his expenses in one year, which would likely end up causing the need for a lower amount of time to reach 10 years worth of income (expenses) being invested into bitcoin... so yeah, if the guy considers his level of expenses to be sustainable and even maybe to modestly go up and he can account for how his expenses will go up, then surely, he would be able to get to a point that he can start to withdraw bitcoin to cover his expenses and also to account for his stash maintaining its value sufficiently that his withdrawal rate is sustainable forever into the future.
Yeah and I believe one with good and strong emergency, reserves and float funds and also a good pay as salary can be aggressive in his or her Bitcoin accumulation in other have more Bitcoin in a short number of years.
And to be honest I'm planning on becoming aggressive in my accumulation I feel I need to do that so I can get more Bitcoin However I need to have a good back up funds before starting.

You can build up your bitcoin and your various backup funds at the same time, so you likely need to temper your aggressiveness until you feel that your various back up funds are solid.. whether you are referring to emergency fund, reserve funds and/or float... and yeah, in the end, you can figure out your own level of aggressiveness according to your own situation, but if you end up fucking up and being overly aggressive and in need of the funds because you were investing too much into bitcoin, no one is going to save you from yourself.. .. so you are ultimately responsible for your own calculations and outcomes.
Wow you are right I never thought of these in this way, well that's what am going to do i will remove a percentage from my salary and invest in my emergency, reserve and float funds same way I'm investing on my Bitcoin, I already have an emergency, reserve and float funds but they are not strong and that is what has been stopping me from being a little aggressive in my investment but with this your idea I will have a strong emergency, reserves and float funds.
After making it strong the way I want it then I can be aggressive without any fear, without a strong back up funds you can be fucked when being aggressive on your investment.
Emergency or reserve funds should be planned along side bitcoin investment, the reason why most investors complain about having a weak emergency funds is because they started saving their emergency funds late but it’s always good to realize the slightest mistake and fix everything right as there’s no limit set to accomplish the right goal when dealing with bitcoin investment. Well, I don’t know but personally I can’t measure the level of my aggressiveness with my backup funds as my backup funds has not gotten to my satisfied desire, I believe if any investor should rely on their backup funds when they’ve not saved something meaningful it will definitely affect the investment, knowing your capacity in terms of accumulating aggressively can help an investor to hold during the long run.