Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy Buy Buy or Sell Sell Sell?
by
laijsica
on 30/03/2025, 04:25:48 UTC
⭐ Merited by JayJuanGee (1)
It sounds like you are proclaiming a need to build emergency funds first, and sure you can do whatever you like, but I think that is a dumb way to go about it.  From my point of view it is best to get started investing into bitcoin as soon as possible, and one of the only prerequisites before investing into bitcoin is to make sure that you have discretionary income, whether it is $10 or some other higher amount..and then work on investing every week and figure out your other various bitcoin-related and cashflow management  skills along the way while you are already investing into bitcoin within your discretionary income.. with hopefully a goal of investing into bitcoin for 4-10 years or longer.  If you cannot invest into bitcoin for 4-10 years or longer, then you might not have enough discretionary income in order to establish that and surely there should be efforts to figure out those matters, yet you might not even have to commit to investing into bitcoin for 4-10 years or longer to get started investing into bitcoin, yet it is still important to consider that 4-10 years or longer is likely the investment timeline for bitcoin.
Exactly! To start Bitcoin, we should ensure our discretionary income and set an initial stage of how much to deposit. As you have recommended, save at least $10 and above. I feel the need for a backup fund, but we should start saving Bitcoin at the beginning and implement an effective strategy for our investment so that it is long-term. Some new investors like us may have doubts in some areas such as making the investment horizon 4-10 years. I am sure that if someone starts investing from discretionary income and he creates a backup fund to do it regularly he will be able to easily pull accordingly that you say. Investors may have some differences about the size of a decent backup fund some may feel comfortable keeping it for six months or more or two years. For investment horizon and growth of holdings. Additionally, floating cash funds can entice investors to buy more during a bear market and this type of trend adds additional Bitcoin to the portfolio.