Quote from: Frankolala on Today at 03:23:40 PM

Quote from: Bitcoin.com97 on Today at 11:21:52 AM

Quote from: Odohu on April 11, 2025, 03:55:29 PM

Quote from: Bitcoin.com97 on April 11, 2025, 03:28:36 PM

Hello guys, I’m new to the thread and I want to understand more about buy buy or sell sell , I want to know more about buying and accumulating Bitcoin, I will be glad if you guys can help and reply or give answers to my questions
Thank you .

The thread is just encouraging us to think more about buying than selling. It stresses the need to buy and continue to buy and hold for long because that is the way to realize the greater benefits oin Bitcoin investment.

There are many people that have the habit of buying and selling when they sight profits, these are the people called traders and their target is quick profits and often they miss out on the bigger picture and even run into losses when the profits refuses to come and they are forced to sell at loss.

If your mindset is right about buying more Bitcoin whenever the opportunity and resources are available, then you will not spare any effort to keep stacking your Bitcoin portfolio and preserving them for as long as necessary. There are various methods of buying Bitcoin which you can use such as the DCA method which you can read about in this thread or buying the dips which have also been explained here.

To be effective, always set aside emergency funds after you have kept some money for your basic needs then use part of the remaining money to invest in Bitcoin so you will not be under any pressure to sell.

But what if I decide to use my emergency fund to invest in Bitcoin ?what if the market is favorable and I decide to use my emergency fund to get more? Just as u said, it stresses the need to buy and continue to buy and hold for long .

There's no bitcoin investment that can survive without an emergency funds because your emergency funds is your backup funds to your bitcoin investment. A lot of investors in the past have fallen into victim of selling their bitcoin investment at loss due go lack of setting up an emergency funds to take care of any real emergency that occurs. Don't forget that they are unforeseen and no one knows when you will be hit with a real emergency.

My question to you is that, if you use your emergency funds to acquire bitcoin and you lose your job, the next day what will be the the future of your bitcoin investment. A big loss because you have to start selling your bitcoin investment for survival and what if bitcoin price begin to dip after you have invested with your emergency funds. You will get burnt because you are gambling and not investing. Your emergency funds should be a priority as a long term investor, because no emergency funds, no bitcoin investment

Honestly, here I know a lot and learn about the actual use of emergency funds and I started it when I found out here and I really feel the good benefits in my investment goals which are currently really going according to what I expected and not using my Bitcoin at all when I really need it because there is already an emergency fund.

And I agree with you @Frankolala: And when they no longer work or have no more income, they have to think about the fate of their investments which must be thought about and planned in advance and emergency funds are the best role when that happens. And emergency funds can be used to cover all needs including your investments so that everything continues to run well but it is only temporary and you also have to continue and immediately look for a new job or new income so that your investment plan continues to run well and the emergency fund is only temporary and you still have to find another job like the beginning of your journey to buy Bitcoin regularly, for emergency funds and also for all your important needs and this must continue to be run and requires you to have a job or income and when you no longer have it due to an unexpected event your emergency fund will cover as long as you do not have a job on the condition that it is only temporary and must be obtained as soon as possible. And this issue has to be really thought about because it crossed my mind at the time, but now I have made or have a plan if that happens and one of the things that I have made is to have a business that I have mentioned here and this also serves to supplement my regular Bitcoin purchases and also for emergency funds and both of them will grow big in the long run.