If you buy bitcoin and decide to hold for 1 to 2 circle do you also consider such person as a semi trader? B
If someone decides to invest in 1 to 2 circles, then I will not consider him as a semi-trader. Because
One circle means 4 years, then two circles means 8 years. I think that 8 years is also called the middle of the long-term investment. Because short-term investment means 1 to 2 years or a little more than that. We can call all investors semi-traders.
In the case of Bitcoin investment, always try to invest for 3 to 4 circles. 3 to 4 circles are long-term investments. After the investment goal is achieved. He can use the invested money as he wishes. But the invested money cannot be withdrawn until the investment period is over.
Before investing in Bitcoin, you need to create an emergency fund.Because I will invest in the long term, so that if you face any kind of financial crisis during this period, you do not have to withdraw your invested money. Then you may have to take money from your emergency fund to overcome your financial crisis. For this, you need to create a fund.
I fixed your quote for you.
A brand new bitcoin investor don't need to set up an emergency funds first before investing in bitcoin if he doesn't have any on ground. It's better that he starts investing right away provided that he has his discretionary income available. You can be investing in bitcoin every week through DCA regularly, while you set up your emergency funds simultaneously with building your bitcoin investment at the same time.
The best way to go about it is to share your discretionary income into to part, use one part to be DCAing regularly and the other part to build your emergency funds until when it has reached at least three months of your income. When you have built your emergency funds, you can channel the money into building a reserve funds. When you have built your reserve funds, you can then channel that money into buying bitcoin aggressively to cover up all the time that you were using to build your backup funds. If you want to build your emergency funds first, you will waste a lot of time that you are suppose to have used to accumulate more bitcoin since you are a no coiner.
Your right here in so many things but i think it doesn't matter which comes first as long as they dont have to delay their starting their investment. Whether your emergency funds comes first or your Bitcoin investment comes first before your emergency funds what is more important is that you have started your Bitcoin investment and has planned towards having your emergency funds so you dont need to tamper your investment because of any life events.
It will be a problem if a new investor decides in waiting to fully build an emergency fund before starting investing. They will mist out of every opportunity to buy Bitcoin at a good price. As we know the level of fluctuation in Bitcoin is high so the price moves faster, so the longer they wait the higher the can start investing. A new investor can start his investment while building his emergency funds gradually.
If you buy bitcoin and decide to hold for 1 to 2 circle do you also consider such person as a semi trader? B
If someone decides to invest in 1 to 2 circles, then I will not consider him as a semi-trader. Because
One circle means 4 years, then two circles means 8 years. I think that 8 years is also called the middle of the long-term investment. Because short-term investment means 1 to 2 years or a little more than that. We can call all investors semi-traders.
In the case of Bitcoin investment, always try to invest for 3 to 4 circles. 3 to 4 circles are long-term investments. After the investment goal is achieved. He can use the invested money as he wishes. But the invested money cannot be withdrawn until the investment period is over.
Before investing in Bitcoin, you need to create an emergency fund.Because I will invest in the long term, so that if you face any kind of financial crisis during this period, you do not have to withdraw your invested money. Then you may have to take money from your emergency fund to overcome your financial crisis. For this, you need to create a fund.
This is directed to you so that you dont get things the wrong way.
You dont have to go all in when you are starting your investment and you dont have to wait till you have a perfect emergency fund. You can start little by little to invest while you also gather some savings for emergencies. Every little amount of Bitcoin you buy can with time became a large quantity of it you have accumulated. This way you are growing your Bitcoin without leaving yourself completely vulnerable when emergencies arise.