Quote from: Justbillywitt on Today at 12:22:43 PM

Quote from: sotelorene on Today at 10:02:31 AM

Quote from: Egii Nna on October 05, 2024, 09:38:08 PM

Quote from: Jewan420 on October 05, 2024, 05:16:07 PM

Along with DCA I give more importance to reserve fund for dip buying. Because reserve fund is divided into 2 always one part is kept for emergency fund (which acts as protection to prolong my investment) and the remaining part is used for buying dips. I have only been in the deep once since I started investing. I would like to ask some questions, should I be aggressive in DCA with the money reserved for the dip during the dip?
Or should I buy a lump sum with the whole amount?

I don’t think you still understand how to accumulate bitcoin. That is why you are not getting the point, because how can you mix your reserve fund for both emergencies and buying bitcoin at dip? Did you even know the difference of emergency fund and reserve fund in financial management? I think you don’t know that is why you are saying all this. Because if you do you would have known that the best way to accumulate bitcoin is by using DCA strategies not waiting for dip to buy. Because if you are waiting for a dip you will end up buying a small quantity of bitcoin. Moreover if you are using DCA strategy you will be able to purchase bitcoin bit by bit in different price and even in dip it will not affect you that much, because you didn’t buy them all at the same time. But I don’t know what is wrong with you that you failed to understand.

Why are you confusing yourself dude, if I may ask you what is the difference between emergency fund and reserve fund?
Emergency funds as the name implies, are funds that are kept aside which is to be use to attend to emergency needs or events that may arise in the future which we don't plan for, or have any knowledge that such will happen within the captured time frame. Let's say for example wind removing your roof during the storm. Situation like this is an emergency. And you will take funds from your emergency funds and fix it.

While reserved funds, are funds which are kept in a separate account, which you can turn to when your funds in the emergency funds account gets exhausted before the stipulated period which you intended for the emergency funds to last. Situation like this do occur when you experienced more emergencies than what you budgeted for. Let's say you made provision for 3 to 4 emergencies within a period of 6 months or less, but you ended up having up to 8 -10 emergencies. In this kind of situation it is natural that the money in your emergency funds account won't be enough to handle all. So it is at this point you now go to your reserve account and take money there and fund your emergency account.
Emergency funds and reserve funds might sound alike to many people but there is a small difference between them and this is how I understand what emergency funds and reserve funds are.

Within this responsive post, I fixed your quote Justbillywitt.

I like to think about emergency funds and reserve funds as two type of back up funds, and emergency funds are the last step prior to touching your BTC, so emergency funds should never be used for anything absent an actual emergency, and if you end up having to dip into your emergency funds for anything, you should be wanting to replace them as soon as possible so that you are prepared for any emergency that might end up happening.

If you are largely taking cashflow and keeping reasonable amounts of cash cushions and even investing into bitcoin in reasonable kinds of ways, even if you are aggressive in your bitcoin investment, you should still not be having emergencies, and if you have ever noticed folks who are not very good at managing their cashflows, they are frequently having emergencies, so you shouldn't want to live in that kind of a way, and part of the benefits of having organized finances is to have some calmness because you live within your means and you maintain various kinds of cash cushions that you respect, and if you violate them, you are purposefully doing so and maybe not very often, especially in regards to keeping at least 3 months of emergency funds available in case some or all of your income dries up or you suffer from some unexpected expenses that are beyond normal kinds of unexpected expenses that sometimes might happen from time to time.

Reserve funds have less priority than emergency funds, and they can be designated for a variety of things, yet it seems likely that almost any of the reserve funds would be tapped into prior to tapping into the emergency funds.. that is unless you have extra emergency funds and if you have extra emergency funds than the extra portion of your emergency funds might merely be serviing as some kind of a reserve fund, since the actual emergency funds should not be touched absent an actual emergency.

Sometimes we might be arguing about semantics, and maybe it does not matter so much what we call the various funds; however, sometimes the way that we call the various kinds of back up funds can help us better to understand how to use such categorizations to help us to achieve some of our objectives, and if we are trying to put ourselves into a better financial position and we would like to accomplish getting as rich as we can as fast as we can, without putting ourselves too much at risk, then sometimes we still should have patience in regards to how long it is going to take and to try to solidify our practices so that we don't end up rushing ourselves so much that we end up recking ourselves by engaging in gambling rather than investing.. So the reasons to have these protections in place is to help us to achieve our objectives in terms of doing as well as we can based on our own financial and psychological circumstances.

For example, let's say that we usually invest into bitcoin around $100 per week, yet we still have another $100 per week that we set aside for various kinds of extra expenses that we might have, and maybe we might sometimes allow the other $100 per week get to a certain size before we start to buy bitcoin with it, yet if we know that we have some extra expenses coming up such as we know that 1) we have to take our spouse on a trip in one month that is going to cost around $500 (this solidifies our spousal relationship), 2) we know that within the next month or two we need to update our computer & phone which is going to cost $1,100 (this improves our productivity and may even allow us to earn more income), and 3) within this same month, we also have pretty much promised to buy our kid a bicycle for $200 (this is an obligation that we have). We can see that our total extra obligations within the next month or two is around $1,800, and if so far we have saved up $1,200, then we pretty much are on track to have all of the money within the next 6 weeks - however, if suddenly our car breaks down, and we have to take $500 from our reserve fund to cover that car expense (especially if we might have to use our car for our work), then we are faced with a bit of a dilemma regarding how to prioritize our expenses, which also might mean that we might have to reduce our BTC investment during the period that we are meeting those obligations. So probably we would take from our various reserve funds prior to touching our emergency funds, and we might even have to cut back on buying BTC prior to completely depleting our reserves and/or having to be in a place that we would have to tap into our emergency fund. Sure the car breaking down could nearly rise to the level of an emergency, and surely the car could end up breaking after we had completely depleted our reserve funds, and sometimes, we might end up getting ourselves into a kind of tough situation if we don't have enough reserves to cover all of our expenses.. yet we still might have to figure out how to prioritize them within our own set of priorities.

Quote from: Callido on Today at 04:21:56 PM

Quote from: Fuso.hp on Today at 03:13:23 PM

There are many differences between Bitcoin and other coins in the market. All other coins in the market are directly dependent on Bitcoin. That is, if you observe the market of other coins in the market, on the contrary, if you observe the market of Bitcoin, then you will definitely see the difference. When the value of Bitcoin fluctuates slightly, the value of all other coins in the market fluctuates. Again it happens that there are some coins that will dump in line with the Bitcoin market but when Bitcoin is pumping again those coins are not pumping.

I partially will disagree on this not all are dependent, some are independent as well. The term likely to be used is "Bitcoin correlation". Bitcoin is said to be highly correlated to as many cryptocurrencies, mostly the top ones but we can not generalize it to all. There are some cryptocurrencies whose price movement is not affected at all by the fluctuation of Bitcoin prices. Price movements on this cryptocurrencies are dependent on so many other factors including the potentials of the coin and what it was created to serve, since they are not decentralized as Bitcoin, partnership can also play massive role when dealing with the price fluctuations.

You sound confused Callido - like you are trying to find a reason to fuck around with shitcoins and/or to give them more credit than they deserve.

When you think about correlation, it is better to think of bitcoin as king daddy rather than trying to suggest that bitcoin is correlated to shitcoins. It is like you are trying to say that the tail wags the dog, when if you know anything about dogs, you realize that the dog wags the tail, and in this case bitcoin is the dog, not the tail.

Essentially all shitcoins are dependent upon bitcoin's success in order for them to have any kind of chance of having any kind of market. Sure various shitcoins can pump and dump based on their independent factors too, but if you cannot recognize that bitcoin is the leader in the space and that all shitcoins are correlated to bitcoin, then you are likely lost, and you have not yet figured out what bitcoin is.... which I think it would be better for anyone trying to dabble with bitcoin and/or with shitcoins to learn about bitcoin first, yet there are so many shitcoiners who don't even really realize what bitcoin is, since they are so wrapped up in their various little crap token ecosystems and even falsely concluding that they are independent from bitcoin and various other kinds of blah blah blah to pump their nonsense.

Don't get me wrong, I am not proclaiming that shitcoins are going to be going away anytime soon or that there might not be some potential valuable developments that happen in shitcoins that end up either getting ported into bitcoin or to allow for bitcoiners (or bitcoin developers) to learn what not to do. The mere fact that there might be some back and forth learnings or even some monetary affects that come from shitcoin pumping and/or dumping on bitcoin does not mean that bitcoin is all of a sudden dependent on shitcoins for its ongoing existence or the ways that it grows or fails to grow.

Get involved in shitcoins with your time, energy and money at your own peril, and hopefully you don't get too distracted into that crap.. so maybe if you limit any kind of investment that you put into shitcoins to less than 10% of your bitcoin investment, then at least you will be going down the road to prioritizing the right thing, ie bitcoin.

Quote from: Callido on Today at 04:21:56 PM

Quote from: asarfiar on Today at 02:52:22 AM

Quote from: AjithBtc on April 17, 2019, 10:34:07 AM

With bitcoin as well rest of the altcoins every dip is an opportunity to make an investment. Very few make use of this while majority of the users just keep hold of the assets for the bull trend. To make a good profit out of bitcoin it is a must to move along with the market than just holding focusing on targeted growth.

Bitcoin is the forerunner of all cryptocurrency exchanges, which we can see that the whole world has seen the rise of cryptocurrency through Bitcoin. Simply put, Bitcoin reigns supreme when it comes to cryptocurrency discussions.
Based on the market performance we can say that investing in Bitcoin is a safe option, but the growth of Altcoins is fast and phenomenal. Besides Bitcoin we can dip other Altcoins because there are many Altcoins which have increased by almost 1000% in 4 months. With such gains comes risk although Altcoin dips will be riskier than Bitcoin dips.

From the details on your post, it's an advise for investors to choose other cryptocurrencies over Bitcoin because of how much profits can be made coincidentally, this should not be misleading as this thread may not be able to conduce such a suggestion. When we talk about this form of investment, Bitcoin supersedes not just on how long but also potentials, trust for adoption and longevity which is a big threat for many new cryptocurrencies as they quickly fade out the market, giving their investor loses.

Well, at least you recognize bitcoin as the leader and potentially as the prize, too, which likely means that you are not totally a lost cause, Callido.. hahahahahaha