Quote from: Miramax12 on Today at 07:47:40 AM

Quote from: MusaPk on September 07, 2025, 05:43:55 PM

Quote from: ChocolateBitcoinK on September 06, 2025, 06:24:06 PM

Long-term Bitcoin holding always gives people the greatest chance of success, so investing according to a 5 to 10 year plan will give you a very good chance of success, but to sustain this investment in the long term, people will always have to face difficult situations, so it should never be seen as easy, it is more difficult than people expect, especially for those who decide to invest in Bitcoin without any emergency fund due to their self-confidence, this can really lead to a terrible situation, and this is why it is essential to prepare an emergency fund if you want to hold Bitcoin effectively in the long term, having an emergency fund reduces the mental stress in investing a lot, because you do not have to sell Bitcoin suddenly, and as a result, no matter what situation arises, your Bitcoin investment will not be threatened in any way.

Easier said than done, we first have to generate money that goes into emergency funds. If you are doing job only then your salary will be used for daily living while with discretionary income one can generate emergency funds and also allocate capital for Bitcoin investment. The discretionary income will kill two birds with one stone i.e. it will give you emergency funds that gives you peace of mind that you have money to deal with any situation and it will also help you in accumulating Bitcoins that you can retain for 5 years or more.

You are actually very correct, long term holding sound simple on the paper but living through the volatility, especially during crashes or personal emergencies is a whole different game having emergency fund isn't just smart financially it is what gives you the peace of mind to actually hold through the chaos. most people underestimate the psychological side of investing.

I agree with you, it is almost impossible to lose sight of the reality. You should refrain from short-term plans to invest in Bitcoin because if you do it in the long term, your wealth will increase, so you should always be aware of doing it in the long term because the emergency fund that will help you when you face a major disaster in your personal life or if you do it in the long term, then you are making a huge preparation for your future retirement life, but the value of Bitcoin may increase more than we fear.