Not agree at all. Bitcoin may go down, but if you keep some cash on the side just for emergency, then you are not really utilizing that money at all.
The best method is put all your money into bitcoin, and yes if something bad happens you are going to lose a lot of money by selling your bitcoin when it is down. However, if you keep on thinking the bad side, you are not going to make any profit at all.
The best way to move forward would be making sure that we are betting our money into bitcoin going up.
So for example, if you held some money on the side for the past 1 year, you would have lost a lot of profit chances. The best way is to keep all of it in bitcoin, but be smart about it, do not buy all of it when it is all time high, consider buying when there is a big crash.
Nah bro I can’t agree with that at all. Honestly, what you are saying just sounds more like desperation than conviction. That is more of a trader mindset, trying to catch every move and squeeze profit out of every dip. But that is not what Bitcoin is about for me.
Saying we should BET all our money on Bitcoin going up is not it. We’re not meant to be gamblers here. The fact that we believe Bitcoin will outperform its ATH does not mean we should now start making reckless or unbalanced decisions.
You talk about missing profit if you hold emergency funds, but what about missing peace of mind? Emergencies will always come, and if you’re 100% exposed with no backup, you will end up selling at the worst possible time. That is not strategy man, pls don’t do that…
Honestly anyone investing in bitcoin should know this and also separate their money into different category.
Managing to survive in the market volatility is a lot easier when you got money stashed for your emergency situation, so you won't be those kind of people who panic sell and become a paper hand.
This is exactly what I did when there were many dips before the big rally comes in, since I stashed money for emergency fund I can just ignore the dip or buy it even, and then move on.
As a result, I still hold my BTC all the way until now and will still be holding it for years.
Yeah bro, this right here is the kind of mindset a lot of people skip and later regret. It is not just about buying Bitcoin, it’s also how you’re buying and preparing yourself for the ride. People always talk about HODL,but if your whole capital is exposed with no emergency backup, you are not really holding… you’re just hoping…..
TBH, there was a time I had to sell part of my bag just because of an emergency that caught me off guard, not because I did not believe in Bitcoin, but because I didn’t plan well. But now, I’ve started separating my funds too. Now even when things go red, I’m calm, sometimes I even smile and DCA small.