Quote from: Miles2006 on September 19, 2024, 09:45:02 PM

Quote from: avp2306 on September 19, 2024, 12:21:41 PM

Quote from: Odohu on September 19, 2024, 10:26:07 AM

Quote from: cryptoWODL on September 19, 2024, 08:28:26 AM

Success in long-term Bitcoin investing is guaranteed. If you do DCA investment then definitely keep it for a long time because by adopting this method you are buying small amount of bitcoins with your own funds either on weekly basis or monthly basis. If you keep it for 4-6 years to accumulate small amount then your small amount of deposited bitcoins will turn into big size after mentioned few years.

Even though we agree that Bitcoin is a reliable investment instrument, I will still want to remind you that nothing is guaranteed as far as investment is concerned. It is always great and better we have this mindset so we do not act irrationally and end up making serious mistakes. I'm not trying to discourage you or put fear in you but we have to approach every investment with the right mindset, understanding that risk is inherent in everything and acting to minimise the risk at all times. For Bitcoin, long term investment actually minimises this risk but does not eliminate it completely.

That being said, I'm optimistic that the market have finally found its ground to rejuvenate the road to 100k which this thread is captioned. Therefore, there can not be any better time than now for us to consolidate on our Bitcoin holdings if we want to make the most of the opportunities offered to us by the market.

The way how they deliver the words about guaranteed things its like they are sure to became rich on bitcoin in future. They forget about many risk involve when they are doing the long term process and they need to overcome a lot of challenges that's why its good that they still intact on realistic world. Also yeah we are looking forward to gain from bitcoin we should not eliminate the thoughts of being careful on how we deal with this coin. That's why emergency funds is really important with this matter so once our expectation didn't came up with bitcoin and we end up losing there's some money could save our ass and we could still deal our selves on hard times and could able to recover.

Being prepared is important and if they really believe on bitcoin then continuous accumulating until they hit their targets is important since this could determine on how much volume and profit they could able to get in future. So lets hope that bitcoin will also experience positive events for us to get something on the efforts we made for long time with bitcoin.

Firstly I don’t see myself investing and hoping for lose despite the unpredictable situation about bitcoin, no one will love to put their money in an investment they fully know that will not yield profit. Concerning risk, bitcoin has certain rules when followed an investor can avoid lose etc. The problem with risk and bitcoin is complicated, having an alternative is perfect since no one can invest everything into bitcoin 100% and emergency funds is totally different because it can stand as a help when an investor is still investing but whereby an investor no longer have bitcoin investment the emergency fund is also worthless for example the emergency funds stand as a guide we never lose our investment.

Actually no body plans to invest in something that they will end up losing at the end but that doesn't mean that you should not also think about the possibility for a loss to occur, while investing you can't only be positive about your investments because you need to also think about if it goes the other way round because it will give you a good edge if such circumstances occurs while investing. I don't know about the rules bitcoin has anyway but what is there is just that anyone investing in Bitcoin needs to exercise a lot of patience if not if they only think about the short term profits they can end up losing. There's no alternative to Bitcoin for now because Bitcoin has proven to be the most reliable asset anyone can think of acquiring but if one should have an alternative means of investment let it be on worthy assets.
Your explanation about emergency funds looks confusing but I would tell you that the emergency funds is basically for any immediate needs that will occur in the future so instead of touching your holdings, your emergency funds can sort such situation out while you still continue with your accumulations.