If you ignore those important ingredients which are having a good backup funds and good source of income before you becoming aggressive in your Bitcoin investment you will surely dip hands into your Bitcoin investment, so before you become aggressive in your Bitcoin accumulation you need to have a good source of income and a good backup funds.
Now when we talk about aggressive Bitcoin accumulation is in different ways one may choose to use more than half of his discretion income to accumulate Bitcoin weekly or monthly which is not the way he those before and the other person may choose to use all his discretion income to accumulate, now when you have a good backup funds and a good source of income you can cover up and it won't affect you but if you don't have them it will affect you and it may lead to you dipping hands into your Bitcoin investment.
It is important to have a backup fund so that the individual does not have to sell his Bitcoin investment in the event of an emergency. Moreover, many investors keep backup funds in their investments with the DCA strategy, essentially for buying in lump sump. When they face dumping periods in the market, they take the opportunity to buy more bitcoins with the backup funds at lower prices.
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It's actually not a problem if you end up having to sell your Bitcoin because of an emergency.
It may not be a problem to you but may be a problem to others. If you are a regular poster of this thread you will understand the difference between emergency fund and bitcoin holding. In as much as your bitcoin in portfolio is your own doesn't permit you to take unnecessary decition. HODLing bitcoin requires self decisiveness/decipline and take action also Standing by it. You must be tolerant to be able to withstand some problem to achieve something important, even though we might have some critical situation that may end up even spending above our discretion but we must be deciplined. That why it's important to have a seperate fund to be able to settle some unfuseen circumstances. Morover discretion has a big role to play in settling some issues. So Either you settle your problem from your discretion and or emergency fund.
I've done it before, and I have no regrets, although if I had held on I would have made a bigger profit.
I guess you are regretting so soon, but anyway it solved your problem then.
if you have a reserve fund that can be used to back up emergencies. But sometimes when we have that kind of fund and see Bitcoin going down, we can't resist the urge to add some to our wallet. It's a human condition and is often experienced by investors.
Investors make use of discretion fund and not emergency fund. What if you invested your discretion plus your emergency fund an you had serious issues, you will still need to sell your HODLing before recovery your emergency fund. Ivan tell you it's not a good one.
I think we have a nice guest here @Pandu Geddon, I hope this is not one of the most stupid thread you'll come across in the forum.
