Quote from: AYOBA on Today at 01:48:15 PM

Quote from: Cgrexp on Today at 12:23:45 PM

You are absolutely right that it is important to have an emergency fund so that we do not have to sell Bitcoin at a difficult moment and of course we must have an emergency fund before investing. There are most new investors who enter the investment but do not make their financial plan and emergency fund before entering. If we have a long-term investment goal, we must create a solid foundation so that we do not have to withdraw from our investment in any unpleasant situation.

Because of this kind of situation that some of the people find themselves in whenever they invest in the Bitcoin, they say that it’s good for anyone who has interest to invest in the Bitcoin to make sure he/she has plans for himself/herself so that even after they’ve invested and something comes up, they don’t bother to sell their Bitcoin at the wrong time, no matter how difficult the moment they find themselves in.

But some of the investors will lack a financial plan, and they will not like to learn how they can make their financial plan before investing in the Bitcoins. And because of this, most of the people lost their funds in the investment when the emergency came up, and they didn’t have any money on hand to use to solve the problems.

It is very important for anyone who wants to invest in Bitcoin to plan properly and remain consistent with their investment. When we decide to save part of our money in Bitcoin, we must ensure that other responsibilities have already been taken care of and that we set aside some cash for emergencies. This way, we won’t be forced to sell portions of our holdings when we are not in a good position to do so.

Many people think Bitcoin is an investment where one can easily lose money, but most of the time this happens because they did not plan well and ended up selling during a dip. While it is possible to build your portfolio and still have money for other needs, you must understand that your decisions should not put you in a difficult situation. Some people believe they can become financially comfortable by continuing investing, but without proper planning, they may give up during the journey.