Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy Buy Buy or Sell Sell Sell?
by
Sim_card
on 11/02/2025, 08:50:48 UTC
⭐ Merited by JayJuanGee (1)

Profit is taken either when it's needed or when the target is reached.
As someone still in his accumulation journey, you don't think of profit in your bitcoin investment talkmore of taking profit, because it will distract you and make you to reduce the size of your bitcoin portfolio instead of increasing it. There should be no reason on earth that should make you tamper with your bitcoin investment during your accumulation stage, and that's why the need for proper plan and putting in place all the necessary things needed for you to stay away from selling your bitcoin investment is very important.

Investing in bitcoin should be done with your discretionary income and you should also set up various back up funds which are emergency funds, reserve funds and float. So that you can tap from your float for your wants and maybe your reserve funds but you shouldn't touch your emergency funds only if a real emergency arises. You needs should be sorted out from your income and not from your discretionary income, because it's after taking care of your basic needs and monthly expenses, the left over is used to invest in bitcoin.