Quote from: mich on Today at 08:33:11 AM

Well I did buy the dip and got some cheap sats price point of 102,400. Even if the price does go down I know it will go back up when the 'bull run' does start.

And I will make gains so it does not matter for me if price does go down more. I think at a price of anything less then 110k is a good deal and we should all buy the cheap coins.

You have been registered on the forum since mid-2011 and you still are talking about personally accumulating bitcoin?

Sure, mistakes can be made at various points along the way, and for sure, I tend to suggest in current times, that guys who are new to bitcoin may well have to engage in steady and ongoing bitcoin accumulation for 1 or 2 cycles (at any price) before they might start to consider relaxing their bitcoin accumulation strategies.. so surely, there are some guys who might be able to front-load their bitcoin investment or in a good income situation that they have higher levels of discretionary income that allows them to invest at higher levels than other folks.

For sure, even guys who started accumulating bitcoin quite whimpily at any time between 2011 and 2014 would have had decently good chances of building a decently sized bitcoin holdings by now, so long as he largely errored on the side of ongoing buying bitcoin and not fucking around with selling or trading or shitcoins.

Even a guy who might have had started buying $40 per week of bitcoin towards the top of the 2013 peak, he may well have had invested around $24k over the past 11.5 years, yet at the same time accumulated about 19 bitcoin, which surely would be a good place to be, and yeah, maybe he might feel that he needs to accumulate more bitcoin, but he is not going to be adding too much to his stash if he still ONLY has an ability to buy $40 per week.

Quote from: Creeper0 on Today at 03:47:16 PM

Quote from: Cossyblack on Today at 12:34:44 PM

I don't think it's understandable for an investor to sell part of his Bitcoin holdings because he finds himself in a state of crisis, then what happened to his emergency funds. This where the use of Emergency funds falls in or plays a vital role for an investor in this kind of dire situation. Instead of tampering with his portfolio to sustain himself during the period of this conflict at hand, rather he should make use of his Emergency funds to take care of himself since the conflict/war in his area have stopped him from accessing a job that will earn him money for the time being. It is only an investor that haven't setup his emergency funds at the time this kind of emergency situation struck that will be force to tamper with his portfolio. This is why it is very important for an investor to start building his emergency funds simultaneously with his Bitcoin investment using his discretional income once it's ready and available. Emergency funds are setup to protect our Bitcoin investments from any unforseen occurrence that may arise in the future.

I think an investor should plan his backup funds (emergency fund, reserve fund, cash flow and required funds) in such a way that he can handle an emergency for about 7-8 months. I am not saying that it is mandatory to keep such a huge amount of money in the backup fund. It may be mandatory to keep only 3 months of expenses in the emergency fund, but we should keep as much cash flow and reserve fund in our plan as possible. The combined amount of cash flow and reserve fund can be like 5-6 months of expenses. I think if someone can plan such a plan with a backup fund, then he may not have to touch his investment fund. Because most of the times emergencies do not last that long.

Poor people are not going to be advantaged by holding that much cash.

In fact, poor people might get screwed by holding more than a few months cash, since their cash may well be losing value faster than they can keep it maintained.. so hopefully folks are not getting distracted into believing that they need to build up emergency funds prior to investing in bitcoin, and surely even poor people may well have habits in which they keep 2-6 weeks in cash.. and they likely would be able to build up their bitcoin simultaneously to building their bitcoin.. at least until they get to 3-4 months of emergency/back up funds, and then maybe thereafter, they may well want to focus on getting the bitcoin larger... and surely each person has to figure out their own level of balance in terms of growing their bitcoin and having the various back up funds to attempt to protect them from various shortfalls in their income that might come from time to time.

Quote from: sotelorene on Today at 06:26:07 PM

Quote from: Creeper0 on Today at 03:47:16 PM

[edited out]

Since we can not measure the volume or kind of circumstances that we may encounter while investing in Bitcoin, keeping a huge amount of back up, emergency and reserve funds is very necessary because sometimes investors do come across challenges that outweigh the savings that was suppose to take care of it and so anyone who has the capacity to save as much as possible should do and this means planning ahead and getting ready for any obstacle that will arise even though we don't wish or pray for it but it will definitely happen. Preparation is a very vital key when it comes to our Bitcoin investment and any investor who want to go far in his or her investment will always endeavor to keep everything tight and ready.

You are likely never going to get ahead, especially if you are a poor person, if you are holding too much value in cash. So, it is good to figure out some kind of a balance, since of course, anyone investing into bitcoin does not want to have to tap into his bitcoin at a time that is not completely of his own choosing, yet if he is holding too much cash, he is never going to get ahead.. especially poor people tend to have difficulties building up cash.