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Scraped on 03/09/2025, 08:32:04 UTC
There is a saying in our native language, from whatever you earn, keep some part for basic needs and save the rest for the future. Maybe one day you will fall ill and you will be able to remove your illness and lack and basic needs through savings. Exactly, I want to add something more to your words, because a daily wage earner earns some income. And he must keep some part of the income aside for the future, exactly what I want to say is that it is most important to connect those saved money with Bitcoin. Because the more you deposit in Bitcoin, the better you will be able to move forward economically, it is possible to achieve multiple benefits.
If you are a low-income person, you should not invest all your savings. Because as you mentioned, you need to save for the future, but if you invest all your savings, we know that if you invest in Bitcoin, you should hold it for a long time. Now if you invest all your savings, how will you get treatment if you get sick? So after meeting your needs with your income, you should not invest the entire amount, you should keep a fund for emergencies.That would depend on a few things like marital status, your age, financial stability, amount of savings, where the market is currently in the cycle, and a few more "concerns". But typically, if you have at least six months worth of expenses saved in your bank account, then you could invest the rest of your income.
But if you're single, with no responsibilities, and you see that Bitcoin's price is touching or under the 200-Weekly SMA, then it would be irresponsible NOT to withdraw all of your savings to buy Bitcoin.
I doubt that marital status has much bearing except to the extent to which you might need to consult regarding financial and/or other important life matters.. . but the fact that you are married or not seems almost irrelevant.
Personally, I haven't experienced such matters because I'm not married. But it would probably be safe to assume that a married man should be more careful with his finances now that he's making financial decisions for the both if them. UNLESS, he doesn't tell his wife about his Bitcoin investment.
Quote
Similar with your seemingly dumbass assumption about a single person without any responsibilities is able to go all into bitcoin based on his perception of BTC prices being below the 200-WMA, as if that would be sufficient information - including your claim that a newbie attemtp to assess his perception of where we might be in the cycle or not.
Sure there are aspects of your considerations that overlap with relevant considerations, but still seem to be less complete than the 9 individual factors that are likely more relevant categories to consider.
I'm merely speaking from my personal experience, ser.
It's what gave me my success, BUT the actual point is - what gave ME success might not be the same as what might give YOU success because of different life situations like marital status, your age, financial stability, amount of savings, or where the market is currently in the cycle.
¯\_(ツ)_/¯
Original archived Re: Buy the DIP, and HODL!
Scraped on 03/09/2025, 08:26:29 UTC
There is a saying in our native language, from whatever you earn, keep some part for basic needs and save the rest for the future. Maybe one day you will fall ill and you will be able to remove your illness and lack and basic needs through savings. Exactly, I want to add something more to your words, because a daily wage earner earns some income. And he must keep some part of the income aside for the future, exactly what I want to say is that it is most important to connect those saved money with Bitcoin. Because the more you deposit in Bitcoin, the better you will be able to move forward economically, it is possible to achieve multiple benefits.
If you are a low-income person, you should not invest all your savings. Because as you mentioned, you need to save for the future, but if you invest all your savings, we know that if you invest in Bitcoin, you should hold it for a long time. Now if you invest all your savings, how will you get treatment if you get sick? So after meeting your needs with your income, you should not invest the entire amount, you should keep a fund for emergencies.That would depend on a few things like marital status, your age, financial stability, amount of savings, where the market is currently in the cycle, and a few more "concerns". But typically, if you have at least six months worth of expenses saved in your bank account, then you could invest the rest of your income.
But if you're single, with no responsibilities, and you see that Bitcoin's price is touching or under the 200-Weekly SMA, then it would be irresponsible NOT to withdraw all of your savings to buy Bitcoin.
I doubt that marital status has much bearing except to the extent to which you might need to consult regarding financial and/or other important life matters.. . but the fact that you are married or not seems almost irrelevant.
Personally, I haven't experienced such matters because I'm not married. But it would probably be safe to assume that a married man should be more careful with his finances now that he's making financial decisions for the both if them. UNLESS, he doesn't tell his wife about his Bitcoin investment.
Quote
Similar with your seemingly dumbass assumption about a single person without any responsibilities is able to go all into bitcoin based on his perception of BTC prices being below the 200-WMA, as if that would be sufficient information - including your claim that a newbie attemtp to assess his perception of where we might be in the cycle or not.
Sure there are aspects of your considerations that overlap with relevant considerations, but still seem to be less complete than the 9 individual factors that are likely more relevant categories to consider.
I'm merely speaking from my personal experience, ser.
It's what gave me my success, BUT the actual point is - what gave ME success might not be the same as what might give YOU success because of different life situations like marital status, your age, financial stability, amount of savings, where the market is currently in the cycle.
¯\_(ツ)_/¯