Quote from: I_Anime on Today at 07:33:18 PM

Quote from: JayJuanGee on Today at 07:24:13 PM

Quote from: I_Anime on Today at 07:07:07 PM

Quote from: JayJuanGee on Today at 03:39:43 AM

[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.

Yeah that’s why we need to keep learning from our past mistakes, being aggressive with accumulation is one of the best way to speed tings up but over doing it is wrong , I have also found myself in such scenario, having some expenses to handle , and my budget wasn’t enough so I had to wait till have gotten enough money to handle that expenses without thinking of going to my bitcoin , well am glad is not something that I needed to treat with urgent. But now am focusing on my accumulation and same time building a better emergency funds , because if by any chances you start dipping your hands into your bitcoin investment it may end up turning into an habit which would slow down your bitcoin investment .

Sometimes non-urgent matters can send you a warning that you better be careful about how much you put into bitcoin, because sometimes things happen... and for example, you might have been using a computer and phone as your main communication devices, and they are used for work and for pleasure. You might even have a back up computer that can serve some purposes, but your back up computer is inadequate for your main purposes, and if your computer breaks down or gets stolen, then maybe you have back up files, but you still need your computer in order to do the work, so all of a sudden you have an expense that was a bit outside of your expectations, but if you don't replace the computer, you are going to be less efficient in your work and you might even lose income based on your lower efficiency. So you may well end up having to dip into both your back up funds and your emergency funds, and you find that the replacement of the computer taught you a lesson about how much back up funds that you needed to have available, and surely you will be lucky if you are able to replace your emergency funds and back up funds within a few months and before another emergency happens, since you might imagine that when you deploy money from your emergency funds and back up funds, that money is no longer available and has to be replaced to merely get you back to the point that you were prior to your computer breaking down. You also might realize that you have aspects of your data back up system that are inadequate, so maybe you have to buy another back up disk or some other extra expense that came to your attention ONLY after you had gone through the broken computer situation.

Like you mentioned, some expenses might be deferrable like maybe you need to get the computer right away, within a few days, but the back up disk (system) can wait for several weeks, even though you consider it as a needed upgrade, you have a currently working system in place, even though you came to realize that your current system is not adequate.