Quote from: _BlackStar on February 16, 2025, 10:53:44 PM

Quote from: Agbamoni on February 16, 2025, 10:47:08 PM

Quote from: Lida93 on February 16, 2025, 07:59:24 PM

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Every investment needs plan. If your accumulation plan is in 6 months or 1 year then you breakdown more simpler goals which i call them baby steps to achieve the main goal. The plan set is meant to help the investor work with a time frame based on our income. Although i am not in support with the idea of maximizing every dip. You dont need to buy on every dip, only some. This statement might pressure investors to use any amount they have to invest whenever the dip comes. My advice which is optional and not a financial advice is to buy only on dips that they know they are prepared on buying. You know the dip can come at any point in time of which at some point we wont be ready perhaps we might have bought the previous time we thought it has dipped so far.

If an investor need to build a system for money flow and not depend on one source they need time and space. So its either they stop their investment at some point and focus on getting the source. Its basically hard to keep investing and saving to get a business or another stream of income. Think about it.

You don't have to buy every dip with all your money - unless one day you find the price of bitcoin drops very deeply. There are several times when bitcoin are dumped between two different cycles - you can maximize the opportunity to buy with all the money you have, but still you should not neglect the plan to have at least a little cash reserve. There are times when the money you reserve is useful as an emergency fund - you can also make some adjustments to it if your investments don't go according to plan.

I agree with your valuable advice. If the price of Bitcoin goes to dips, we should not invest our entire money, it may be that its price may be dumped further or the situation may be such that it may decrease further. An investor should be aware of the risks of each investment so that he can easily carry out his purchase with a tolerant attitude. That is why it is recommended to invest from discretionary income at the time of investment so that his capital is protected from investment risks. You should keep a floating reserve fund for any situation so that you and your family are protected from unexpected situations along with holding Bitcoin.

The way I am accumulation my Bitcoin is that I am investing a part of my discretionary income in Bitcoin and another part keeping floating cash. You should be cautious about keeping an emergency fund or floating cash so that you can invest in Bitcoin in the long term.