This method will increase your financial resilience and security. Bitcoin continuous accumulation and compounded buying tend to decrease UP price, the longer you keep depositing. A reminder for you to understand the positive signs of Bitcoin future while it is in the market and apply the dollar cost averaging (DCA) method.
The question now is,
when should we sell it..? Of course everyone has what is called a need at any time.
You should still holding on accumulation Bitcoin unless absolutely necessary, as long as you have a reliable source of income. It is better to keep holding Bitcoin unless emergency, as long as you have an ongoing source of income. You can sell from the decent holding profit in bullish periods to grow real assets but you should accumulate regularly and should be recovery the selling holding. Bitcoin holding until retirement.
Your statement is quite confusing, At this point in time I think it’s just best we keep accumulating consistently and build our portfolio, I don’t think it is a good idea to sell our bitcoin when there is an emergency, for a newbie who doesn’t have an emergency funds it’s important that you should only invest with your discretionary funds and also build your emergency funds in due time, you don’t need to be over aggressive, but for someone who is an old invest it’ is also important you should already have an emergency funds to rely on when there is an emergency this can help you to keep accumulating consistently and hodl for a long time.
Right now I’m in total disagreement of selling our bitcoin before getting to our desired goal of hodl for a long term. Instead we should keep accumulating to hodl.
In case as a newbie you don't have a backup funds such as emergency, float and reserved funds and you have already started your accumulation journey what you will do is to reduce the funds you use in accumulating Bitcoin and put the rest funds in building your backup funds and you will continue like that until you now have a good backup funds, if you don't do it like this and you meet an emergency in the future it will lead you to sell off your Bitcoin.
Yes, and it is recommended that you keep building your backup funds until your emergency fund can equal at least 3 months of your expenses, then you can divert back the funds previously allocated to building emergency fund and/or any other variance of backup fund which has been built out already into accumulating bitcoin to increase your aggressiveness. Backup funds serves as a sort of guarantee against tampering with your holdings for survival in events of emergencies or even to attend to needs that are not really emergencies which you should've planned for with a variance of backup funds same time you are buying bitcoin.
When it comes to being aggressive after you most have built a very strong backup funds you can now become aggressive in your bitcoin accumulation now in the cause of being aggressive in your Bitcoin accumulation make sure the money you are using is just within your Discretionary income, Don't use money meant for your house rent to accumulate aggressively and when is time to pay your house rent you call it emergency and then dip hands into your backup funds to pay it is very wrong.
You must not wait until you've built out your backup funds for you to start being aggressive, You should be as aggressive as you can from the beginning with respect to your discretionary income without overdoing it, so you can maintain both an emotional and financial balance during your accumulation periods. for example, if you have $100 as discretionary income weekly, you can choose to invest $60 into bitcoin and use the remaining $40 for backup funds and floating cashes. An investor who puts 60% of his discretionary income into purchasing bitcoin consistently can be said to be aggressive and when he is done building out his backup funds, reallocating the percentage of funds previously used for building backup funds into accumulating bitcoin only results in increasing his aggressiveness since he would be increasing his buying amounts still with the same quantity of discretionary income.
Paying rent is not an emergency, a variance of backup fund should be dedicated to building the funds meant to be used for that. It literally has no business with the emergency fund.