Re: Buy Buy Buy or Sell Sell Sell?

I have divided money to three levels for living in life My income is $ 5 per day, I have divided this $ 5 into three parts. For 2 dollars for a family, 1 dollar is to deal with a natural disaster and the rest of the $ 2 is investing in Bitcoin for a long time. It made me about $ 60 in Bitcoin per monthI am investing, and one thing is easy for me to divide the life cycle into three parts. I think if every investor can adopt such a procedure, then Bitcoin's market instability will not be under any human pressure.

Bitcoin is a patience test, so you can expect any good results here. Keep an eye on the market and continue the Bitcoin investment process in accordance with the above rules so that after a long time, you may be able to qualify for a high return.

Are you expecting any natural disaster? Well the right word to use is emergency funds and not natural disaster. Emergency fund means money you set aside from your investment money and basic needs money, to help in a situation whereby you need to do something with money but you did not plan for that thing. You might have a visitor with a short notice and who you have to buy some drinks for entertainment, this funds does not fall into your basic needs so the emergency funds can take care of that. Other cases can be when you have to change your spoilt car tire, something you did not budget for when you received your salary. There are many cases that we can describe as emergency in our daily lives but the idea is just things you did not plan for that happens.

For the family needs, are you sure $2 will be enough daily? That is too small amount in most countries and no matter how small your family is, $2 is looking too small for me. I will advice you work on your finances more so that you can improve your cashflow to be able to have enough money so that you can comfortably buy and hold Bitcoin.

I personally consider emergency funds to be something that you do not touch absent actual emergency. The reserve funds could be used for various non-emergency unexpected matters /expenses.. and also, if you run out of reserve funds, then the last resort that you have prior to tapping into your bitcoin would be your emergency funds.

That is why we should give the most importance to emergency funds, because if we want to sustain Bitcoin investment in the long term, our first step must be to take an emergency fund. The person or investor who does not have an emergency fund, the Bitcoin investment of that person is definitely at risk.
Because he will be unable to deal with any situation, if that person has an emergency fund, then he will definitely be able to deal with any situation and always sustain his Bitcoin investment. Therefore, we should plan an emergency fund as soon as we start investing, which is the best way to invest in Bitcoin.

People should never think about the emergency funds could be used for their investment in future. But rather people should think about using this fund for emergency situation like to cover their finances if they experience situation where they lose their income and other health emergency situations.

That's why this fund should be not touch since this could save them on actual emergency cases that might happen to them in future. Better for people to forget about this fund and use their discretionary income for investment just like what they currently do on Bitcoin.