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Quote from: Zackz5000 on July 30, 2024, 08:55:08 PM

That is why it is very important before going into Bitcoin investment there are necessary funds we are suppose to set aside so that we are can able to hold our accumulated Bitcoin for a longer period of time without selling them off within a short while. We are suppose to have a reserve fund, float and emergency fund and also a discretionary income before an investor can be able to stand strong on his or her Bitcoin investment journey.

I think all investors invest in Bitcoin, with the expectation that they will get results at any time, but not all investors have the same way of making their investments, some do DCA periodically and this is the option that most of them do, actually investing in Bitcoin is right, I think this will help save your funds, because where later as you categorize it can be one of the options when we need emergency funds or reserve funds for future needs.

Like what? Gaining profit at anytime they want especially if they want to take profit? is that what you mean? Maybe yes they can get profit with bitcoin in short time period but if all favor will come with them and market is in good shape. But this scenario didn't always came since market is unpredictable and if you aim to gain quick profit with bitcoin then maybe you cannot achieve that if you think passive on it. Investment on bitcoin is actually a good decision to do, but it always depend on the person on how he gonna handle then decide on what he would do to his bitcoin since if he used it for what you have mentioned then maybe there's a chance he could able to lose his capital. If people decide for long term which has been discussed for many times then maybe he could able to get those profits that we wanted.

All what you have said will just come, if you have proper planning on how you separate and use your funds.

The truth is, those that need urgent profits from Bitcoin investment, there intentions are not to invest for a long time, because all they want is just a quick profits. However, it's just by chance one can achieve quick profits from Bitcoin investment because the market is always at fluctuation mode and nothing can change that. One just have to remove the mindset of achieving quick profits through Bitcoin investment so that they can be able make profits when they hold for long term.
IMO, investors that have good jobs/businesses are the ones that can be able to hold for long term (years) because the always have money daily/monthly. Those that doesn't have money are the ones that need quick profits from Bitcoin investment.

This is why you see that it is good for any one that wants to invest in bitcoin to have a job or an income which he can get his discretionary income from before he come invest in bitcoin. Like you said people with good jobs and businesses will always be patient to build and grow their bitcoin investment because they will be planning for the future since they have enough to take care of their monthly needs and expenses, with an extra that they can invest into bitcoin.

Those who don't have a good job which they can have a discretionary income from should look for a second means of income if they have the zeal and passion to invest in bitcoin, or cut down their expenses. But if you don't have a job and you are lucky a have a certain amount of money and you are not sure of funds from anywhere in some time interval, it is useless to invest in bitcoin because you will sell your bitcoin when it is not at your will when an emergency hits you and you will definitely runs at loss if the price of bitcoin is against you.

People that thinks trading is good for them to make quick profit might end up losing what they have to the market and remain poorer.