What of in rough times, I had a family friend who battled illness I had to be there for her and I used my little Bitcoin saved. I am not crying over it because I can still continue to save more the little way I do. I don't think about big profit now but continuity.
i can only imagine how tough it must have been for you financially to decide to sell your Bitcoin, the decision to sell or not to sell your Bitcoin is up to you. we can only offer you the best guidance to ensure that your Bitcoin investments grow smoothly. Adopt discipline to avoid selling your Bitcoin early, whether due to market movements or emergencies, that's why it's important to set aside emergency funds and secure a stable source of income before beginning your Bitcoin investment to prevent selling your bitcoin. For potential growth and returns, consider holding your Bitcoin for long-term, and always store it safe to protect your investment.
Absolutely right about having an emergency funds. Emergency funds will always serve as a guard against selling of Bitcoin when emergencies arise. Also it’s possible that with discipline , one can invest in Bitcoin without a stable source of income, but it requires an attentive planning. So the key is having a discretionary income which will you help you invest using DCA method, also having an emergency income to avoid selling when emergencies arise. So prioritizing both is essential for a smother and sustainable investing .
Yes, having an emergency fund is very important because it helps us deal with major losses in our lives. If you have a job or business from which you earn and from that money you are able to create an emergency fund and invest in Bitcoin and also be able to meet your own expenses, then having a source of income is very important for you. On the one hand, if you use the DCA strategy to invest in Bitcoin regularly or weekly, the DCA strategy is most effective if you continue to invest for a long time and even if that investment is in small amounts, it is not a problem, as the price of Bitcoin increases in the future, you will be able to increase your wealth several times, along with this, your investment will be strong and it will bring security to your retirement life.