I agree with you that sound financial management requires a balance between investing and building emergency or backup funds. Investments like Bitcoin can be tempting to try for quick savings, but maintaining financial stability and security through backup funds is crucial. This approach may slow down savings, but it provides a safety net in times of emergency, ensures long-term success and protects against investment volatility. Patience and backup funds are key to a sustainable and safe investment strategy.

I appreciate that age doesn't barrier but knowledge is the crucial for investment in cryptocurrency.Bitcoin's lack of age requirements and the autonomy it offers can be seen as both strengths and potential risks. While it empowers individuals to manage their own finances and participate in the global economy, it also requires a high level of personal responsibility and knowledge.Balancing Freedom Bitcoin provides the necessary education and security measures to ensure young users can safely navigate the world of cryptocurrency.

"Buy the dip & hold" is a popular investment strategy in the cryptocurrency market as well as traditional financial markets. The basic idea behind this strategy is to buy assets at low prices and take advantage of price declines or recessions by holding them for the long term. Buying the dip allows investors to purchase assets at prices lower than their recent highs. This can potentially increase the overall return on investment if asset prices rebound later. Holding assets over the long term, even during market downturns, allows investors to benefit from the potential growth of assets over time. By sticking to the "buy the dip and hold" strategy, investors can avoid making emotional decisions based on short-term market fluctuations. This can help reduce panic selling tendencies during market downturns, which often lead to losses.
"Bye the dip & hold" can also be combined with dollar-cost averaging where investors regularly buy a fixed dollar amount over time regardless of price. This can help smooth out the effects of market volatility and potentially lower the average purchase price over time. Buying the dip and holding assets is aligned with belief in the long-term fundamentals of the asset. It implies confidence in the underlying technology and the potential for future adoption and growth.

Cryptocurrencies, in particular, have shown significant growth over the years, making them attractive for long-term holding strategies. I love this strategy and always suggest it to everyone.