Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Barikui1
on 15/01/2025, 09:22:06 UTC

 Investing in Bitcoin can be a complex and challenging endeavor. It's essential to approach it with caution, thoroughly understanding the risks and potential rewards, before investing in bitcoin first you have to define your investment objectives and time range of the investment, your investment strategy is it long term or short term are you investing to sell or to hold all these are considerations needed to be considered before investing
The last time I checked, bitcoin investment is very easy to start and not complicated and challenging to handle. Bitcoin investment can only be complicated and challenging to handle when you use the money that is meant to sort out your daily expenses and invest in bitcoin because at some point you will struggle to solve your daily expenses, which might cause you to sell your bitcoin even though you are at a loss to survive and get your daily expenses sorted out. But if you figure out you will have discretionary income and invest in bitcoin within your discretionary income, you will always find it easy to invest in bitcoin, which will allow you to hold your bitcoin for the long term because you will always be in the position of solving your daily expenses at any time they arise.
You are right anyone can invest in Bitcoin as long as they have a good understanding of how Bitcoin works and regarding the funds that will be used to invest in Bitcoin of course they must first settle their daily needs in order to run the investment properly and achieve the targets they set for themselves, as you said it is very true if someone is not able to meet their daily needs properly then it will be difficult to maintain the investment until the targets they set are achieved.

A good plan may come from investing 10% of your earnings regularly in Bitcoin and in the next 1-3 years, that amount would have meant something. My disposition about this is that; what if the person is not even earning up to his current amount, won't he survive one way or another? The 10% is not too much, it is good in trying to secure his future in Bitcoin and it doesn't matter if it is painstakingly done.
Though it's very good if an individual is trying to secure his future by investing in Bitcoin, but if the person is still struggling to fend for his basic needs, it just a matter of time before that person start dipping hands into his holdings just to survive, because if his income is too small to fend for his needs, he will actually struggle to remove 10% from it, we haven't even talked about removing emergency funds from there, so that he can address any emergencies that arises in the future, so it's very important that before an individual decides to invest in Bitcoin, he must be able to fend for his basic needs without troubles, because to painstakingly do things consistency for a very long period of time can be very difficult, because a single mistake can derail all your plans that week or monthly, so having the ability to fend for your basic needs without stress is the first thing a Bitcoin investor  need to have, if he must be successful while investing in Bitcoin.