Of course we wanted to save as much as we can and hold for a long time.
Frequently, I suggest to first build your emergency fund up to three months at the same time that you are building up your bitcoin, and surely once the emergency funds reaches 3 months then it does not need to be more than that, even though you might have various kinds of reserve funds that you would prefer to tap into prior to needing to touch your emergency funds. I personally think that it is better to have your finances in a way that you never have to touch your emergency funds, so if you end up tapping into your emergency funds, you should realize that you are in a pretty bad financial situation at that time to be having to tap into your emergency funds.
I don't think that it is a good idea to save in dollars as much as you can, even though there are prudent amounts to save, but I do believe in saving into biticoin as much as you can, at least until you get to a point of overaccumulation, and it is quite likely that you will not get to overaccumulation status if you are engaging in weak cashflow management practices.
That’s a solid advice on building one’s emergency fund and Bitcoin accumulation. I mean, imagine the peace of mind and the financial stability one would get by having at least 3 to 6 months worth of expenses as their emergency fund.
Nothing feels more reassuring than prioritizing a good cash flow management, this enables one to consistently invest in Bitcoin without compromising their financial security.
I completely agree with the approach of saving in Bitcoin, rather than fiat or traditional currencies as this highlights the potential for long term growth as well as financial independence.
But the thing is that, I wouldn’t really advice anyone who only intend to save for a short while to do so in Bitcoin, since bitcoin should at all time be considered for its long term potential and everyone saving or investing in Bitcoin should also maintain the same mindset, so if anyone is planning to save for a short term goal, then Bitcoin isn’t the best option for them.
Saving a short term in bitcoin is also known as trading. I don't recommend trading bitcoin, yet surely some folks are not able to resist temptations to trade/gamble, so I would suggest putting less than 10% of the value of their bitcoin into attempts to trade bitcoin... otherwise investment timelines should be 4-10 years or more, and any investment timeline of only 4-10 years would be short term investing (from my perspective) and the most justifiable reasons to have something like ONLY a 4-10 year investment time horizon would be due to age and/or health considerations.
you have spoken well JJG and all said is right thing to do, since so
folkfolks can't resist trading and gambling is better they trading or gamble with only 10% of their bitcoin value and they should stick to that percentage without being tempted to go above 10%, because trading and gambling can be tempting some times which can lead to emotional control to go above 10% and investing timeline should always remain 4 to 10 years or more for anything less than 4 to 10 years is trading or gamble, and it may land them in less profits, that's if they still have bitcoin's in there custody.