When investing, we should be smart when doing it. Investing the amount which is suppose to be used for paying bills doesn’t make sense,
Lose of priority is what many ran into all in the name of investing in bitcoin without knowing that everything have to come in its due time, there's nothing bad in our desperation to invest, but there must be adequate provisions made for all before starting, so that we don't run into unforeseen circumstances which may not warrant us to further continue with our investment or hodl, because related issues like this has been part of why some could hastily sell at loss because they have misappropriate their investment fund right from the start.
Therefore, financial management is the most crucial part that must be applied when we invest
We need to develop a goo ethical behavior in financial management, also, we have to manage our emotions well, so that it does not lead us to taking unnecessary actions, also, having a disciplined financial asset management is important, because we are going to be more conscious of every decision and steps taken as being a deliberate action and not what we may not have planned for, before taking it.
Financial management is very crucial and I also believe that that has been the sermon here from a very long time. Investing above your capacity in the name of aggressive investment has a repercussion which could render you coinless within a space of time. Some people have argued that in the event of sudden unplanned huge income, that you channel the excess to bitcoin investment beyond your usual discretionary DCA approach and this is what they refer to as lump-sum. Investing in that capacity is good but before you do that, there should be a corresponding increase in your backup and emergency funds also. This would enable you to cushion the effects of whatever may lead you into selling off your coins before maturity or at least completing above one cycle.