Quote from: Silikiem on Today at 09:17:18 AM

Quote from: Yorubek on July 16, 2025, 12:22:44 PM

Quote from: JayJuanGee on July 15, 2025, 07:23:01 PM

It is true that sometimes it is better to invest into bitcoin a little bit less aggressively rather than making the mistake of not having enough money to cover your various expenses, and surely sometimes there are surprise expenses that might have had been difficult to detect in advance, yet if we are failing/refusing to make adequate preparations, we likely end up contributing to our own emergencies, since we likely need to have some cushion in our budget, especially if we are trying to be more aggressive in our bitcoin investing, we are likely ONLY in a solid place to be aggressive with our bitcoin in terms of our having already created some budget cushion that not only accounts for emergencies but also accounts for mistakes that we might make.. .and to test our own boundaries and even to figure out how far we might be able to push ourselves without over doing it, we likely need to practice and pay attention and even attempt to be honest with ourselves in regards to some of the risks that we might sometimes be taking when we push aggressively, which might well be signs that we are actually overdoing it, even if the situation does not end up imploding upon us.

Right, Before investing in Bitcoin, you should take the time to understand and plan your investment by keeping at least a one-year breakup fund. It can take at least four to five years for an investment to be successful. Over time, the desires and aspirations of every person and their position keep changing and during this change, several decisions have to be made. not all decisions of every person are always successful, but this is not the case. Many things can be lost from life through some wrong decisions. not only an emergency fund, but also a backup fund should be kept because only wrong people exist.

Since Bitcoin is expensive and risky, it is possible to reduce the risk by planning an investment using the DCA method. Just as money is needed to invest, a person needs willpower. It is not possible to invest in the DCA method only if you have money or desire. Anyone can invest in the DCA method, such as the upper class, lower class, and middle class. But for the lower and middle class, collecting Bitcoin using the DCA method is an easy way because you do not have to make big investment decisions, it becomes much easier to invest a certain amount of money every week or month, which reduces mental stress a lot. If a person follows the DCA and collects Bitcoin patiently four to five years, he can build strong financial security circle.

The advice of keeping a whole one year backup funds before starting investing in bitcoin is what really doesn’t go down well with me. In as much as we need the back up or emergency funds In our bitcoin journey, I don’t think is advisable for someone who wants to start bitcoin investment to have to first of all save up a backup funds before the person starts investing in bitcoin because you can actually build your back up funds or emergency funds along side while you’re accumulating your bitcoin. You mustn’t have everything figured out before you can get started with your investment . That is quite a long process to take and at the end of the day you may end up not even meeting up with your said target of the backup fund you desired and have to continue saving up again for another year and by so doing things might get complicated for you and you may end up not even starting your bitcoin investment anymore . The best thing to do is to get started first the moment you conceived it in your mind to start bitcoin investment only with your discretionary funds, and along the line you can be building up your back up funds or emergency funds. That whole year you’re taking to save up for your back up funds would have been used to accumulate a reasonable amount of bitcoin stash and gradually build up your portfolio.

Before investing in Bitcoin, you should start investing first without worrying about creating a backup fund or emergency fund. If you regularly invest with your discretionary income, you can create 3-month emergency fund there at the same time when you hold bitcoin. You should not delay investment for this. And if it is 1 year then definitely investing in Bitcoin will be hindered. For any reason, your saved money may be lost. First, invest and then gain the necessary knowledge as soon as you make the investment regular. Some people will invest in Bitcoin, but they delay investment for various reasons, they must remember that if you delay, the price of Bitcoin may increase during that time. If you cannot buy the amount of Bitcoin that you dreamed of buying, the attention you had may be lost, so I would say that you should start investing quickly with priority.