Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Ricardo11
on 01/09/2025, 10:16:48 UTC
Regarding reserve funds and a stable, solid cash flow, I don't think we can conclude that Bitcoin investors who have these are traders. Honestly, logically and from a comfort level, having a reserve fund and a stable cash flow is much better. While it's true that having both isn't a necessity for Bitcoin investors, if I had to choose, I would definitely choose to have a reserve fund and a stable cash flow when investing in Bitcoin. Just try it and experience what it's like to invest in Bitcoin without a reserve fund and a stable cash flow. I'm sure it will definitely shake your Bitcoin holding. Essentially, our living expenses are crucial. Therefore, I don't think we should underestimate the importance of a reserve fund and a stable cash flow when investing in Bitcoin. So, if you're currently investing in Bitcoin and don't yet have a reserve fund and a stable cash flow. I think it's inevitable that we have to fight to have both. So don't think that either aspect is unimportant.
I agree that having safety net like reserve fund and steady income is important for investing in Bitcoin. But you can invest without them it brings much of stress and risk. As you said worrying about covering unexpected bills can force you to sell your Bitcoin at bad time which can cause you to lose money. Having strong financial base allows you to invest with confidence handle market ups and downs without panicking and stick to successful long term plan. Your advice is great it is important to build financial security first.
It's not enough to just invest in Bitcoin, but you have to effectively hold your investment for the long term, and it's important to take all the necessary measures for this.
You must create financial stability, you must continue to invest in Bitcoin consistently by keeping a stable source of income.
And later, you must have funds to sustain your investment for the long term, when you face an emergency or unexpected expense, you must have this preparation and mindset so that you can handle the situation without getting into any problems.
However, in preparing emergency funds, you do not need to prepare emergency funds before investing, because this may delay your investment, which is never the right thing to do.
Invest first, then ensure the long-term security of your investment by preparing funds as soon as possible, and keep the investment consistent, then it will give you a better chance of success.