Post
Topic
Board Speculation
Merits 3 from 2 users
Re: Buy Buy Buy or Sell Sell Sell?
by
MainIbem
on 07/02/2025, 06:46:31 UTC
⭐ Merited by Cryptoprincess101 (2) ,JayJuanGee (1)
You are actually right and I also share the same sentiment as you bro, the best possible way to accumulate and invest in Bitcoin is through the DCA accumulating strategy and it should be done according to how much you can afford to do away with for a very long period of time, not investing an amount that will eventually put you under unnecessary pressure because it's actually wrong to invest money you should be using for your upkeeps, or money that should be kept as part your emergency funds, because once you do that, by investing more than what you can afford to do away with for a very long time, it would be just a matter of time before you temper with your Bitcoin investment just to sorts out some basic financial needs, so in essence of what am trying to say is that while investing in Bitcoin, it's very important to invest only what you can afford to do away with, so that our discretionary income and our emergency funds will be bogus enough to carry all our financial borden's, not a situation of falling back to our holdings because of an emergency situation.
yes, I totally agree with you. But it doesn't just apply on Bitcoin investments only.
Any form of investment that is long term, you need to have a rethink before investing and also you need to know the money that would be used in that investment so as not to be forced to touch money you've already invested.
A lot of people have this habit of jumping into investments just because either they've acquired a little sum of money , without having a rethink of what to do during the rainy days, the days when the wouldn't have quite much. And then after some time the begin to touch money invested, little by little and then opt out for short term.

Yeah, that is why every investor needs to buy according to their capital and peroid of earning, for instance someone who earns a 100k weekly in their local fiat currency is not expected to be DCAing on a daily basis but rather weekly since their capital for investment comes weekly, same applies to an investor who earns monthly, those who are suitable for daily accumulation are investor who's income are made on a daily basis. However one is not supposed to invest all their income on Bitcoin just because it's a good investment option, a wise investor would set aside their reserve funds and put in a capital that would be easy for them rollover at their preferred intervals of investment, take for instance 20% of weekly income is not a bad idea, every investor needs to implement good plans that would aid their investment journey so they won't be forced to tamper with their portfolio and take profits when it's not due.