Quote from: Promocodeudo on September 11, 2024, 02:52:17 PM

Quote from: sotelorene on September 10, 2024, 08:17:30 AM

Quote from: Miles2006 on September 08, 2024, 02:33:20 PM

Quote from: SuperBitMan on September 08, 2024, 10:19:44 AM

Yeah in other to secure one's Bitcoin one needs to have a backup funds without a strong backup funds it will be very difficult to become successful in Bitcoin investment because challenges must come as time goes on and you need to have backup funds to prevent you dipping hands into your Bitcoin, we know that backup funds are not a sure security to one's Bitcoin investment because one may face some challenge or problem that will eat up all your backup funds and still lead you to dip hands into your Bitcoin just to solve that problem however we are not praying for such situations that will eat up all our backup funds and as such one needs a backup funds because it will be of a great help in securing your Bitcoin, when you face a problem that will lead you to dip hands into your Bitcoin after eating up your backup funds it won't cause you to finish all of your Bitcoin because your backup funds has already solved part of it already so be as it is backups funds are still very important in our Bitcoin investment.

It’s kinda complicated with what you wrote involving bitcoin investment and challenges , no one should view bitcoin investment as a helping hand in times of stranded situation. Even if you made mentioned of back up funds also and no one can predict any situation we face in life so it’s right we always make room for alternative plans, honestly speaking challenges that will cost an investor his/her bitcoin investment is so rare expect the investor never made use of the disposable income when investing rather the investor went ahead to buy and buy without planning, secondly using the backup funds for personal reason without filling back is wrong and it can cost an investor his investment.

Exactly, that's where most persons get it wrong. It shouldn't just be about investing and holding for long period of time but rather it should be investing wisely and smartly because investor who invest wisely and... Find it difficult or hard to encounter any challenge I mean there will be little or no challenge at all but investor who is so concerned about investing sometimes may over invest and when the market start depreciating they began to panic even when they are responsible for their..., In summary we should try as much as possible to be investing wisely and smartly because there will be alot of advantage.

May be I get your point, you are actually referring to those that are using the amount they are not comfortable with or can't let go to invest in Bitcoin, I want you to understand that there is nothing like over investment in Bitcoin, the DCA method was introduced to carry everyone along to use what they can afford to invest continuously slowly and steadily though the investment may not be fast accumative but with time an investor using this method will accumulate more than he or she has expected.
We should also understand that people that panic when there is price drop are those individuals that does not have the clue that Bitcoin is a volatile asset that undergoes fluctuation at any given point as such dip and pump is part of the market and no one can actually predict when any of this events will take place, I just happens and as bitcoiners we are to expect any of those events at all time.
A smart investor as you said is said to be an investor that invest with what he or she knows that they can continuously maintain steadily and hodl for a long-term without any form of obstruction.