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 .
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Okay thank you so much for your encouragement and knowledge , with these as a beginner I will focus more on buy buy buy rather than the selling part to enable me invest more rather than selling and be at lost.
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 .
Investing using emergency funds is never a good idea. You can never tell how long the market will be in a good position. The Bitcoin market is very volatile. You might be thinking that you can invest with emergency funds and withdraw it after some time with profit. This is not sounding like an investor but like a business person. Emergency funds are only for dealing with emergencies. You should never invest or make investment decisions with emergency funds. If you invest with emergency funds and the market does not perform as you expected. And if the market falls. In the meantime, if you have to face financial disaster, you will have no other option but to sell your investment. Always refrain from investing with emergency funds