Quote from: Gost ms on Today at 09:19:20 AM

Quote from: Viktor winer on March 04, 2025, 09:42:29 PM

My question is can I be able to buy bitcoin now that the dip has occured.i need to understand how the market works and how to get started although I have not invested online before I mean bitcoin investment,

Hope this is the best time for me to buy bitcoin?

If you do not have a stable income, then you will be out of investment within a few days. Because you will invest for a long time, you will be able to take profit from here after a certain time. If you do not have a stable income, you will not be able to deposit Bitcoin. First of all, you have to find a source of a stable income.

It's wrong to take profit from your investment before maturity, remember you have an accumulation target and if you continually shave off profits, you're behaving like a trader who is interested in short-term gains in his investment and not an investor who should be committed to reaching his accumulation target as soon as possible. Shaving off practice is a bad practice in your investment journey and this is why you need to have backup funds to protect you from falling back to your portfolio in order to solve some needs.

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Emergency fund is very important. When you invest for the long term, you also need to create an emergency fund. Because in case of unexpected financial disasters, the emergency fund will be your shield. Try to keep 3 times your stable income in an emergency fund.

I believe you meant at least 3 months worth of your expenses as an emergency fund, yes emergency fund and other variances of backup funds serves as a safe heaven for the investor in times of need during his investment journey. Backup funds are very important to be built alongside your accumulation journey.