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Now I get your point and understand more better , in any circumstances selling should be the last alternative, so it’s important we make provisions for emergency and revered fund, that can at least sort out our expense and sustain for a while until one gets another job, or if unforeseen circumstances occur our reserved fund can help out , at the end our desire and target of long term investment can be achieved .
Even if we do everything perfect, we are still not guaranteed to make profits - even though if we engage in strong cashflow management practices, then it becomes less likely that we are going to be easily shaken out of our investments based on sloppy practices.
I totally agreed , nothing is guarantee , even having a strong cash flow management, there will still be uncertainty which involves our investment, so profit and lost is not guarantee ,but all one need is good managerial skills to less our risk in our investment so that we may not be shaken out of our investment.
You are absolutely correct, selling our bitcoin should never be an alternative whenever there is a pressing needs or emergency, In as much as we want to do everything possible to have a successful bitcoin investment considering consistent accumulation is important and having the best strategy to help and stash more bitcoins. At some point we should know that doing everything right is never a guarantee for profit, but mostly plan for future and long term plan is the best option to have a chance to achieving once plan.
I think it should be a good choice to avoid making some sloppy decisions in terms of our financial management, because having a good financial plans isn’t just strictly for investors only but for our daily lives to have a chance to grow, As long as we make a good financial plans management it will also propel us in terms of building a good structure for our Bitcoin portfolio, I think not giving attention to ROI supposedly would help in terms accumulating and holding for a longer term plans.
Have you really checked the meaning of pressing need and emergency? Because with what you are saying it seems you doesn't know the meaning or it seems you haven't check. Why will someone not see selling Bitcoin as an alternative when they have pressing need and emergency, if selling Bitcoin is the only option they have? Let assume the pressing need or emergency that comes up is health issue or challenge and your only option is to sell your Bitcoin won't you sell it? I want to remind you that human being and there health is worth more than Bitcoin the value of Bitcoin, let me just believe what you are saying is a misconception.
I am not sure how helpful it is to get into distinguishing between different kinds of needs that a person might have, since the reason that we have back up funds is to cover events in which our income is less than expected and/or our expenses are greater than usual, so the more back up funds and sources that we have, then the more options that we have, and so if our shortage of income or our excess expenses only lasts for a short period, then it is less likely going to result in our needing to tap into our emergency funds, so ultimately we would have a hierarchy in regards to which funds we spend first, and likely the emergency funds would be the last to be spent prior to having to tap into our bitcoin.
Preferable scenarios would fix our shortage of income and/or increase expenses by rectifying either or both of those, yet sometimes we are going to need to resort to dipping into our back up funds, and yeah maybe in some cases we can cut some of our other expenses, and sometimes we might have expenses as items that are not really needed, but once we already spend the money, then we usually cannot get it back.... and hopefully we have enough of our various back up funds, including emergency funds, to last the duration of the time in which our income is down and/or our expenses are up...