Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Issa56
on 29/03/2025, 22:15:16 UTC
I cannot agree with your words. Because investing does not require much experience and strategic knowledge. You can invest only if you have basic knowledge about Bitcoin and investment. And you can gain experience in investing. Before starting investing, you need to find a source of stable income. If you do not have a stable income source, then you can get out of investing after a few days.
If you understand the basics of investment, then you are good to go. If you are investing, it’s not a bad idea if you are having proper knowledge about what you are investing in, but if you are holding bitcoin for a long term, then you can decide to invest even when you have a little knowledge about bitcoin, after investing you can continue learning about bitcoin, but it’s not necessary you know everything before investing in bitcoin, and you don’t have to wait till you know everything before investing.

In addition to investing, you need to create an emergency fund and a reserve fund. This is so that you do not have to sell your BTC during an unexpected financial disaster. Put 3 times your stable income in the emergency fund and reserve fund.
If you are investing in bitcoin, and you don’t have a emergency funds, then you won’t be able to hold for a long term, because if anything happens, and you are in need of money, you won’t have choice than to see the coin which you are holding,  but if you are having emergency funds, then you can just take from it without even stressing yourself, and you won’t be thinking about the coin which you are holding. You can decide to leave your emergency funds in stable coin, or even in local currency.