The current time is a period to buy more bitcoin, the greed index is still prevalent and everyone believes that the price of bitcoin will continue to rise, even those who sell now the intention that the price of bitcoin will decrease in the short term and is an opportunity to buy more bitcoin for the long term.
If you are an investor, it is an ideal opportunity to buy, and if you are in circulation, it is a good opportunity for sale and purchase at a cheaper price in the coming weeks.
But if we plan to sell BTC, of course, it is possible as long as we make a profit, don't sell our BTC at a loss because the goal of investing is to make a profit. However, personally, I don't think I will sell BTC at the current price because I'm afraid that if I sell my BTC, the price will actually rise. However, everyone has different techniques. However, it seems that if you want to sell BTC and buy it back at a lower price, that's certainly a good idea because buying BTC at a lower price will certainly increase the amount of BTC you buy. So, as I said, of course, we are free to do whatever we want as long as we continue to make a profit. but certainly all techniques also have their advantages and disadvantages because of course sometimes many people feel lucky with their investment in btc and sell it at the highest price, but the disadvantage of this technique is that when we have finished selling btc, there may be regret because after we have finished selling btc, btc actually rises and we can't buy it at a low price again which ultimately makes us regret having rushed to sell btc.
I believe many of us can relate to that dilemma, the fear of selling only to watch Bitcoin continue climbing. It is one of the emotional challenges that come with this space....But this is exactly why many long term holders choose to stick to their original plan and avoid the temptation to outsmart the market. Trying to sell high and buy back lower might sound ideal, but in reality, it often leads to missed opportunities or regret, especially if the price doesn’t dip the way we hoped.
For those of us who believe in bitcoin long term value, the simple approach of accumulating gradually and holding strong tends to be more effective and less emotionally taxing. At the end of the day, what matters most is having a strategy that fits your goals and allows you to stay consistent and without losing sleep over short term price movements...
If the intention is to always invest, effective cashflow management is paramount. Managing over emotion if your income is uncertain is also important. This provides helpful context to take Bitcoin into account together other financial needs like your nine personal factors. You mustn't know every thing, but being intentional and cautious is a good Beginners guide.
Bitcoin is enough for every person if the earning capacity is good, because at present the government of every country has considered this Bitcoin as a strategic reserve for its country to be economically successful. As time goes by, the importance of Bitcoin is increasing because big holders are thinking of holding only Bitcoin either by following the DCA method or by buying deep. So the more you delay, the more it is getting late for the holders, so connect yourself with Bitcoin investment.
If you have an amount of $ 30 to $ 40 per week, you should keep it under Bitcoin investment every week. It is certainly possible to bring about change if a person wants, so to be sure in the future and to eliminate financial sorrow, you should think of buying Bitcoin only at the present time according to the DCA method.
Fair enough, I agree to the fact that bitcoin investment is open to everyone who is desirous to venture into it provided he or she have the discretionary income to be able to accumulate or invest with. But I wouldn’t agree to the idea of saying if someone have $30 to $40 per week that the person should invest it in bitcoin. Come on dude that is not a right investment guidance as it seems misleading especially to the newbies because by earning $30 or $40 as weekly or monthly salary, you definitely will have other financial obligations to sort out which includes payments of your utility bills, you’ll also have to feed from it, and also get some clothings and other expenses will be covered from the said $30 or $40 salary. In this case, it is only advisable if an individual earn such amount of income weekly, the individual should be able to sort out his other financial obligations first and after sorting out those bills, the amount left which is the discretionary income is what should be used to invest in bitcoin. Mind you, inside that your discretionary income you may also have to be able to sort out your emergency funds from it just along side your accumulation of bitcoin. This is done so as you wouldn’t tend to your bitcoin holdings for emergency situations or to pay your bills thereby leading to a total messy situation or jeopardizing with your investment.
Telling someone earning $30 to $40 a week to dive into Bitcoin without first sorting out his or her life basics is like telling someone to buy a treadmill when they don’t even have food in the fridge. It is not just unrealistic, it is poor advice for someone just trying to stay afloat.
Bitcoin investing should come after essential expenses are covered, and only from true discretionary income that is, money you won’t miss if life throws you a curveball. And like you rightly said, that leftover cash should also consider building an emergency fund. Because selling your sats in panic during a tough time is not a plan it is a setback.....So yes,what I can say is a person should stack smart, not just fast. It is not about how much you stack it is about sustainability also keeping your emotions in check, focus on your plan, and let time do the heavy lifting.