Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
JayJuanGee
on 24/03/2025, 19:24:13 UTC
[edited out]
but still am still happy that I took actions year back to start my bitcoin accumulation, is better to be a low coiner ( that’s still building ) than to be a no coiner that have not started at all.

Yep.. we cannot turn back the clocks, and we also cannot overly try to make up for the time that we lost when we were either distracted into other things or that we were failing/refusing to be as aggressively towards accumulating our bitcoin as we could have had been.

We can, however, attempt to increase our current level of aggressiveness in order to be as aggressive as we can without going overboard.. so a BIG test can remain figuring out that balance, since we will not necessarily recognize that we had gone overboard until some kind of an event happens that causes us to need liquidity (such as cash), and if we had overly invested into bitcoin without having sufficient back up funds and/or an emergency fund, then we may well realize that we had overdone it, and we need to fix our practices so that we do not make similar mistakes in the future.

Many times we will see that we have many small level mistakes that do not cause a lot of damage, and so hopefully we are able to learn from smaller level mistakes so that we do not end up making larger level mistakes.  Of course, the worst kinds of mistakes would be ones that end up causing us to sell most if not all of our bitcoin at a time that is not of our own choosing and one which we are not able to recover from (and that we could have had mitigated or completely prevented by engaging in stronger cashflow management practices, such as having backup funds and/or an emergency fund).

Hopefully we can figure out how to invest aggressively into bitcoin without ever having to dip into our emergency fund, and/or dipping into our emergency fund ends up being a rare occurrence, and perhaps dipping into our emergency fund is not needed for 20 years or more...even though maybe when we are in the earlier years of our investment we are still building our emergency fund and trying to find a comfortable balance, since many times if investments are not overly volatile, we do not need any emergency fund, yet with bitcoin's likely ongoing level of volatility, there tends to be needs to control and manage our bitcoin investment by also maintaining an emergency fund and/or other back up funds.