Re: Buy Buy Buy or Sell Sell Sell?

For those who are still accumulating bitcoin, if they sell some of their bitcoin in order to buy back cheaper, they run the risk of not being able to buy back cheaper, so they just end up spinning their wheels or maybe just getting stuck in a waiting pattern rather than ongoingly buying, so the lose their focus and ultimately have high chances of ending up with less bitcoin than what they could have had if they had stayed focused.

exactly JJG I agree with you on one, especially those who are still in their accumulating stage which their bitcoin investment is not up to 4 years, if they sell their bitcoin with the mindset of buying back cheap it we be very difficult for them to get back on track or they might still end up buying back at a higher price, because bitcoin may not dip to the exact price they expecting to buy back, yes we know bitcoin is volatile, but people shouldn't expect bitcoin to dip to an extend of buying back cheap when you sell at a certain price.

That's it, Bitcoin is an unstable investment, and no one can predict when the price will fall. Selling a portion of our holdings in order to buy back a dip seems to be predicting that the Bitcoin price will fall more, and no one knows what will happen in the next hours. When we are not in an emergency condition where we have no other options for selling our investment,we should not sell our Bitcoin if we are making a long-term investment. We may sell now and the Bitcoin price continues to rise, so it is better to refuse to sell and continue buying high and selling higher in the future, bright days are on the way.

It is the reason why emergency funds are very important in Bitcoin investment. As Bitcoin investors, we need to have emergency funds in case an emergency arises in the future. This ensures that the investor will not be forced to sell their Bitcoin to solve the problem.One of the main reasons why some people fail to hold their Bitcoin for the long term and end up selling it at a loss is because they do not have emergency funds. If a problem arises and they have no other option, they will definitely sell their Bitcoin to solve the issue. At that period, the price of Bitcoin may be low.This has happened to me before. When I started my Bitcoin investment, I did not have emergency funds set aside. When a problem arose, I had no other option but to sell some portion of my Bitcoin at a loss. It really hurt me.

I don't know though, I mean as average investor, the money that I invested could be my emergency fund as well. Of course we wanted to save as much as we can and hold for a long time. But I guess we can reset anytime as well and go back and re-invest. It doesn't mean that you will sell everything maybe just withdraw a small percentage on your stash and then try to invest that kind of money. It happen to me before, during the height of pandemic as my sister got hospitalized not due to covid but because of other illness, but she eventually died Sad

. So I have to withdraw from my holdings and never think twice to do it to help here with hospital bills. And then I just restarted again. Just check how many weeks or years I need to do it and the go back with it with that goal to continue to accumulate again.

Sorry for the loss and that is why you need to prepare yourself before starting Bitcoin investment it's obvious that you were not fully prepared financially which made you encroach you emergency funds, if not you would have gone for your reserve fund or even your float funds if you already have it because if you were having all that, maybe you wouldn't have tempered your investment, or even if you have to, it would have been little out of it, which you don't need to start all over again, you would have just continued from where you stopped, having a reserve fund as backup is very important and necessary , it shows you are determined and willing, I