Generally it is a good idea to figure out some kind of an investment pace into bitcoin that fits within your budget, so you should be taking ONLY from the extra money that you have, and not money that you need for expenses. Surely there are some kinds of expenses that you might not know that come up down the road, so many times it is preferable to keep both an emergency fund and various kinds of back up funds so that you never have to tap into your bitcoin investment at a time that is not completely of your own choosing.
You are absolutely correct! I have made this mistake before and I know what it cost me to sell part of my Bitcoin at huge losses because I needed to attend to my urgent bills. This is not funny at all and I hope other investors would scrutinize your opinion many times so they can digest it, avoid similar attempt in the future. It is not funny at all when you intend to hold your Bitcoin for as long as possible and suddenly you had an emergency to attend to. I just hope such unfortunate event would never happen to us. Also this was due to unplanned necessity that needed to be put in place before making any financial investment. We just have to keep some funds so that in case of any unforseen bills, one can take care of it asap.
to me that most people should be considering bitcoin as an investment that is 4-10 years or longer, and the only reason to be thinking about less than 10 years is if you have age and/or health particulars that prevent you from being able to project your bitcoin investment in a longer timeline... .. so if we might presume that you are not fitting in the category of elderly or enfirmed, then we should presume your timeline to be 10 years or longer...
So you don't have to rush your investment. You can try to invest as aggressively as you are able to without overdoing it, yet if you do not have back up funds, you need to be trying to build them up at the same time that you are building up your bitcoin investment. Once you get your emergency funds up to 3 months (and then maybe you would have 3 months in bitcoin too), then you may be able to start to become even more aggressive in your bitcoin investment, yet you also have to consider that you don't even want to be tapping into your emergency funds, so you also might have to make sure that you build another month or two or more of various kinds of back up funds. I am not claiming to know your particulars, but each of us has to have these kinds of back up funds so that we are not forced to sell out of any of our BTC and we are not contributing to our own creation of emergencies in situations that no emergency should exist if we had engaged in better preparations. So it could be the case that you might need 5 months or more of back up funds (that includes your 3 months of emergency funds) before you are really able to become more aggressive in your approach to your bitcoin investment.
I know many of us would like to get rich quick (sooner rather than later), but investment takes time, and if we let our bitcoin build on itself (and even compound in value over time), we likely will still be able to enjoy greater feelings of wealth based on our having had built up our bitcoin investment, and it is also likely that our standard of living is able to go up after we have spent some time building our foundation levels of investment into bitcoin and also foundations to good cashflow management practices.
Buddy dont sound like you are not sure that hows it should be. Your right here, because i know this is not the first you figure it our that its truly the best strategy for everyone to consider Bitcoin as a 4-10 year investment plan. However its not like its necessary for all investors to set longer time frames because some might have financial situations which make them so set shorter time frames especially based on personal goals. There can be exceptions for longer time frames but to invest for less than 10 years, the risk of selling too soon increases. That is why having an emergency fund matters a lot. Emergency fund will prevent the investor from selling their Bitcoin when those health challenges occur.
Even at old age it does not limit the investor to project their investment to a decade because they can set it aside for their heirs to inherit. Age is not a limitation to how long we can project our investment in my opinion.