Quote from: Gost ms on Today at 02:51:39 PM

Quote from: DubemIfedigbo001 on Today at 08:48:11 AM

Quote from: bitcoin_mining on March 26, 2025, 12:40:14 PM

Quote from: Popkon6 on March 24, 2025, 11:00:49 PM

Bitcoin investment is best suited for long-term investment only, because Bitcoin has been in the market for a long time. To sustain your Bitcoin investment, you must have a plan, because emergency funds play a very important role in making your investment long-term. And you can change your bad habits to make your investment strong and grow your money, because the more you change your bad habits, the more you will be able to accumulate money.
And your investment will have a huge post at the end of the year because if you invest according to the DCA method, it will be easier for you to invest the most.

This is definitely a good point you have raised, I will definitely appreciate your point. Investment is generally something that everyone can think about but not everyone thinks about how to actually invest. Here you have discussed about emergency fund if an investor creates emergency fund for his investment then it will be seen that his investment will never fail. The investment will not be irregular because when he faces financial problems, he can use his funds to maintain the continuity of investments and when his financial condition is normal again, he can deposit the amount of money that he spent from his emergency fund for investment purposes. Investors who are more serious about their investments tend to think this way about their investments.

It is a very bad practice to use money from your emergency fund for the continuity of your Bitcoin accumulation when you've a financial problem or so. I'm as much as it's good to regain consistent in your accumulation, yet there's a problem which needs more attention which is your finances, for the main time you need to redirect all energies to reviving your financial condition, while reserving your emergency funds for real emergencies, or still for survival of you finally deplete all your savings and other variances of backup funds in the struggle to get back to your feet. You cannot be servicing your accumulation journey when you don't have discretionary income anymore, so you got to fix your finances first.

There's some point in life when you're down, surviving even becomes an emergency, then you can deploy your emergency fund for survival, hopefully you fix yourself financially before it gets depleted. Once you're back on your feet, you can then think of ways to continue your accumulation journey and replenish the backup funds that you depleted when you were down.

I cannot agree with your comment. If an unexpected financial disaster occurs in the middle of investing. An emergency fund is created to deal with that unexpected financial disaster. For example, if a financial crisis occurs in the middle of investing, then you should not have to sell your investment. And at that time you should be able to deal with the disaster by taking money from the emergency fund. Or if you buy weekly or monthly. Then if your personal expenses are high that week or month or a financial crisis occurs. Then if you continue to invest with money from your emergency fund. I do not think this is a bad habit. If you have to invest with money from the emergency fund, then when the disaster passes, you will have to gradually repeat the amount of money you have withdrawn from the emergency fund.

Try to keep 3 times your stable income in the emergency fund. And in addition to this, create a reserve fund.

When we do speak about emergency fund then it will be that totally be that separated since the usage of these funds arent supposedly to be applied on crypto investing. You should always allocate on the funds which are really that intended for investment so that you wont be totally trying out to get those funds from emergency so that on the moment that there are some unexpected events or emergencies then you wont be finding up yourself on trying out to look for some funds, knowing that this life doesnt guarantee safety 100%. I do have those situations that i do have some floating trades with having that pending profits and on the time that i dont have money and huge personal problems do happens then i have tested out to took those money and goes back to square one. It do really gives out that suck feeling that you've been holding for long but since you do need up to use up the money since its your last resort and have tested out all the possible ways like taking a loan, borrowing but still failed on doing so then you wont be having no choice but to do such act.
Going back into the topic about Buy the Dip and hold, yes this do sounds pretty basic but on the moment that you are seeing the market is going down but once it do happens then you will be thinking that what if the price goes down even more? and since your mind will be telling you to hold even further before buying then price movements could neither go along on what you do think or would be having that immediately having reversal and leave you out in the dust and ending up yourself having the regrets because you havent placed yourself?