Quote from: Dunamisx on August 19, 2024, 03:23:34 PM

We have been saying it continuously and it has happened again, now that the market is gong bearish for some investors to find it more suitable for their entry opportunity using any investment strategy or pattern like buying to hold for a long time investment or DCA at this time, the both are useful in having consideration towards, though we may also need to work more better on our strategies before investing, as sometime it also help along in achieving the best of the investment plan we have set as priority to do.

The bitcoin is not going bearish... you need to learn how to talk.

The mere fact that there has been a correction does not mean that the BTC market has gone bearish.

If you DCA you might not give too many shits about BTC price moves, .. but if you are getting worked up about some kind of trading opportunity, then maybe you might want to pay attention to whether you might get some kind of a discount, but still seems like a lot of noise in terms of considering anyone who might be ongoingly accumulating bitcoin, especially if he might be in relatively early stages of BTC accumulation.

According to your forum registration, you have nearly 3 years of being registered on the forum, so if you were able to front-load your bitcoin investment, then maybe you can try to be strategic in regards to buying dips, otherwise, it seems difficult to presume that you would want to stop accumulating bitcoin.. even though you don't seem to know the difference between a correction and a bear market - even though you would have had entered bitcoin in a bear market, even though many of us did not realize that we were in a bear market until around May-ish of 2022.. ..so if you were paying attention, then you should realize that there is a difference between a correction and a bear market even though surely the bear market is a label that tends to be a lagging indicator by the time we actually would be able to know that we might transfer from our current bull market into a bear market, and by the way, it is not possible to be in both a bull market and a bear market at the same time. That would be retarded... so hopefully you can appreciate the difference.

Quote from: Dailyscript on August 19, 2024, 05:57:52 PM

Quote from: Zanab247 on August 19, 2024, 05:08:31 PM

Quote from: Issa56

Quote from: Egii Nna

Actually, when investing in bitcoin, you have to consider many things, and some of the things to consider include your income and your personal needs because these two things can affect your bitcoin investment easily. Because if your income is low and you are trying to squeeze yourself just to invest without taking care of your own personal needs, an emergency can come that you will end up using breaking your bitcoin investment to solve, and in this case you might sell those investments in lost.

If you are investing in bitcoin, then make sure you have emergency funds. Don’t invest everything you have in bitcoin, in case there is an emergency, that’s what you're going to fall back on. But if all your investment is in bitcoin, whenever you are in need of money, you will have to sell some of it, even if you have it in mind to hold for the long term, and you might even be selling at loss.

If you don’t have enough income yet and you know if you try to invest, it’s really going to affect you, then just forget about investment for that time and make sure you focus on other important things in life. Whenever you are balanced, then investment can set in.

When you are going for short term hodling, do you still need this emergency money because we need to make newbies to understand why this emergency money is very important to BTC hodlers, but for short term hodling, I don't think this emergency money is important to them because they are hodling the BTC in a short period of time before they can sell to make money. Even though you invest all your money on BTC and have emergency money that can make you to exercise patience till the bull run occur before you can sell, which is the best season many people use to sell to accumulate profits from BTC investment, but as a newbies, don't invest all your money in BTC because you need to have the experience like the old investors before you can take such risk in the future.

You can invest in BTC, whenever you have the money and you will be happy to hodl BTC because if you miss this season bear run base on, you don't have the money to buy BTC, you can prepare yourself against next bear season which is what make many people to value BTC hodling than other cryptocurrencies.

Disregarding the importance of an emergency fund is very risky. Unexpected/life events may arise at any time irrespective of whether we choose to invest for long or short. Remember one thing is to invest and the other is to understand the importance of financial prudence and risk management when investing. Whether new or old investors it is wrong to invest all available funds into Bitcoin with the idea of lump summing or buying the dip without taking proper consideration on other financial necessaries like monthly needs, emergency funds and diversification in the long run. And again understanding the market cycle is beneficial yet it is not necessary to wait for a dip and price downturn before planning on starting or investing in Bitcoin. We may never get to the target price we hope for.

Most likely there is nothing wrong with anyone deciding to engage in a heavy lump sum investment of bitcoin at the very beginning, yet surely anyone who engages in a heavy lump sum in the beginning may well nee dto be prepared to follow up by either DCA and/or buying on the dip, especially if the BTC price runs against them, yet even if the BTC price runs against them, they likely would still end up o.k even if they don't do anything as long as they have a 4-10 year investment timeline, yet surely I personally would want to be prepared to continue to buy bitcoin if the BTC price goes lower than my original purchase price, yet these are surely discretionary determinations that are completely optional in terms of there not being any particular correct answer. Many times, people do not have very many options to start out with large lum sum investing into bitcoin, so the more common situation would be that DCA would be the most practical of likely techniques for most people who are in their earliest stages of attempting to establish a BTC position, even if they also might be trying to heavily front load their BTC investments within a DCA kind of an approach.

Otherwise, I agree with your assertion, Dailyscript, that various forms of back up funds, emergency and otherwise can still be quite helpful to anyone, even if they might be attempting to approach bitcoin on a short term basis or even attempting to employ trading techniques, the emergency fund can still help to provide more options in case some emergencies might end up happening during the period that the person is trying to trade bitcoin or to play some kind of BTC price wave that might not end up playing out as expected.