Re: Buy Buy Buy or Sell Sell Sell?

Some persons, don't intentionally sells off their investment like that,but due to situations they are forced to since they have good fraction of Bitcoin, they sells it off if they want to sell, some persons sell off their investment that they must have accumulated for a long-term period due to health issues because there is nobody to assist them financially for their medications, while some sell off because they are dieing and don't have any trusted person to transfer their inheritance to, and so they sell it off to fulfill their last wish if they have any, or eat up all their money before they die, so that the effort being made buying and accumulating their investment will not be a wasted effort

Agree with this because I have been in that situation before. But fortunately, I have emergency fund that I always prepare monthly just in case I have an urgent situation. So I don't sell too many satoshis but just help to cover the emergency funds if that funds can not cover it. It is why you need to allocate some money for emergency fund to cover your health issue or other urgent situation so you don't have to sell your Bitcoin. Until the time to sell is come, you will have your chance to enjoy your profit and prepare the funds for many things.

That is why when we invest in bitcoin, we must really invest using discretionary income, besides that we must also have an emergency fund, and also have a stable income every month. Because if we invest in bitcoin without having these three requirements, the possibility of our investment being disrupted will be very large.

You are very much correct that when we invest in Bitcoin, we must have steady income, discretionary income, and an emergency fund to have a long-lasting investment, which is true, but if we have steady income and discretionary income, we can possibly start investing in Bitcoin without waiting to build up our emergency fund at the beginning of our Bitcoin investment. It is better to get started with our bitcoin investment than to wait to have all three things you mentioned before we can start our bitcoin investment. And after we have started our bitcoin investment, we can start building our emergency fund along our accumulation journey so that if there's any emergency in the future, we can be able to take care of and sustain our bitcoin investment for the long term.

Yes, for the beginning of investing in bitcoin, having a fixed income and also discretionary income is already quite good. Because when it comes to emergency funds, this can indeed be built while the bitcoin investment is running. But everyone must have their own style in investing, so of course there are those who feel fine when initially investing in bitcoin without having an emergency fund and there are also those who feel uncomfortable when doing so. Usually people who are not used to being without an emergency fund when investing, of course people like that are the type of people who don't want to take big risks and don't want their bitcoin assets to be disturbed. Typical people like that are also not wrong, but the drawback is that people like that might lose some momentum and of course I think that's not good either. Because what is called investment is certainly struggling with what is called time, so the sooner you start investing in bitcoin, of course the momentum you get is also better than just waiting. So this is the advantage of people who start investing in bitcoin even though they don't have an emergency fund.