Quote from: GIF-JOBS on March 16, 2025, 05:29:39 PM

Quote from: PremiumcryptoHub on March 16, 2025, 05:00:18 PM

Quote from: As-Soon-As on March 16, 2025, 09:01:55 AM

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.

In this case it is somewhat clear that, if we want to hold on to Bitcoin investments for the long term, so the first step is to start buying Bitcoin regularly as soon as possible. If you are starting to invest in Bitcoin, give the highest priority to discretionary income in the initial stages. We use the reserve fund only when various unexpected emergency topics and expenditure are needed. In fact every smart person may remove some money for themselves so they can fill the unexpected emergency things properly.

Honestly people who still have discretionary income may not face any challenges. By initially starting with discretionary income, people will be able to gradually learn more as they gain more experience.

A new investor should first acquire general knowledge about Bitcoin and develop the habit of buying regularly. And for this regular buying, he needs to know what Bitcoin is and learn to ignore market fluctuations. Because the one who gets scared of market fluctuations will never be able to buy consistently.

However, the importance of an emergency fund is certainly much greater, because it will protect your holdings in unexpected times. I think that even if you have a prudent income, you should keep an emergency fund, because even if you don't give much importance to the emergency fund at first, when you don't have it with you at the right time, you will understand the real importance of the emergency fund.

However, in any case, you need to plan your investment in such a way that you can maintain your holdings in the long term. If investors can stay focused on their long-term goals by ignoring short-term market fluctuations, then they can achieve significant success in the future.

If say a new investor should first acquire general knowledge about Bitcoin it may sound cumbersome to comprehend because when you say generaly knowledge it might conprises of so many things than compared to saying that a new investors should first acquire a basic knowledge of Bitcoin and start their investment as they will be learning more in the process.

How about we say that we should take advantage of the short term market fluctuations instead of saying we should ignore them? Though I understood your point.