Quote from: ZeroVinsonN on Today at 09:50:18 PM

Quote from: Derekfunds on Today at 09:24:00 PM

Quote from: I_Anime on Today at 08:09:58 PM

Quote from: JayJuanGee on Today at 07:52:11 PM

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.

That’s true you won’t have any choice than to quickly take care of the system expenses because is something you need to work and to earn some income , so that’s something you won’t want to delay , now in scenario whereby one didn’t bother to have an emergency funds due to poor planning and stuff , so instance such expenses comes up and he funds wasn’t enough to handle the expenses such individual won’t have any choice but to temper with his bitcoin , to take care of such expenses, I know that there can be some emergency that may lead to one selling from their bitcoin without thinking twice like life threatening emergency, that’s why we have to focus on building a better emergency and back up funds because this how the little challenge we gonna face as an investor.

Investment entirely is all about planning and calculation so failure to plan and calculate will result to unfinished or unsuccessful investment. Having your emergency, discretionary etc in place doesn't guarantee successful investment because even after keeping all these in place if you don't plan and calculate on how to use each of them you will still end up making a mistake in your investment, real investors plan and calculate ahead of things that are yet to come because definitely there will be a challenge so before those challenge will come, they have already gotten solution for it.

Thinking ahead and preparing for potential roadblocks is a sign of a good investor, success is never a guarantee and one should be prepared for emergencies that might arise when they are still in their investment timeframe, that why aside from discretionary funds an investor should always have an emergency saving ready at all times to be able to handle certain emergency that comes up, an investor will always be thinking of solutions to problems that might try to hinder the progress of their investment and put strategic measures in place to handle them.
Bitcoin market is also very volatile and unpredictable, so an investor should also have mental plans on how to handle sharp changes in price in order for them to not sell out early out of fear, a calculative investor understands this and is ever ready to face such challenges.

Yes the market is very volatile and unpredictable but as an investor you don't have any business with predicting the market because that is what traders does, so any investor that is predicting the market has the intention and motive to sell very quickly (short term). An investor already knew that the market is not only going in one direction that is why they are investing for a long period of time so that no matter the fluctuation, Bitcoin will get to a better position before that interval of time.