Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
JayJuanGee
on 02/10/2025, 05:21:01 UTC
People form emergency funds when they see that a bad situation will arise. Because in the present time, people do not want to expose their investments to any danger, so they give the most importance to prudent income and emergency funds and follow the DCA method every week. As a result of regular Bitcoin purchases, they are ready to earn more financially so that they can make more money with Bitcoin investments. An investor never neglects his investment, because Bitcoin investment is long-term, so it is most important to form an emergency fund to manage it.
Speaking of emergency funds, what's the best way to make sure I don't spend my Bitcoin prematurely?

​My idea is to diversify my savings. I shouldn't invest all my money into Bitcoin. I can put some funds into other profitable investments that aren't as strictly a "hold" as BTC. If I use this strategy, I might not need a dedicated emergency fund because I'll have other readily available assets. This means I can use these other funds instead of touching my Bitcoin.

Many people think about back up funds in terms of liquidity and volatility.. so you could have troubles if you keep back up funds (such as emergency funds) in other assets.. but sure the choice is yours regarding how to deal with matters that might come up, since surely bitcoin is very liquid and if you have some situation where you really need money quickly are you going to be sufficiently prepared or have to sell some of your bitcoin at a time that is not of your own choosing. 

One more point is that when you choose to diversify rather than focusing on bitcoin and cash, you are diluting your emphasis on bitcoin, and sure, it is your choice in regards to how much to prioritize bitcoin and/or how aggressive you choose to be in regards to bitcoin as compared with putting your money in various inferior assets for the mere sake of it (perhaps your lack of focus?  - another member (liasbaa) mentioned that you failed to specify your diversification, and so it is quite likely you are thinking about shitcoins as a way to diversify, which may well be close to retarded, if you are thinking like that... but hey whatever, you can do whatever you like, even dumb shit.

Frequently there are needs to not get too smart for your own good, even though of course, you are in the best position to assess your particulars.

edited out]

I think whatever that we wouldn’t understand is that we would definitely require a lot of time to keep buying and investing into bitcoin, sometimes some guys and folks would think that one circle is enough for them, but they will realize that one circle isn’t enough for them and they will really like to continue with 2 circle before they can have a chance of having enough profit, depending how much we are able to invest into bitcoin in this duration of time that would determine how much we have been able to accumulate and stack into our Bitcoin portfolio.

Even if a person were able to organize his income and expenses in such a way that he was able to invest 25% of his income for more than 4 years, he still might need 2-3 cycles before he is able to accumulate enough bitcoin.  It would not be easy to be able to invest 25% of a person's income on a regular basis.  If he is able to put 1 years of his income every 4 years, then after a couple of cycles he would have had put a couple of years of his income into bitcoin, and so at hat point, whether he had reached enough or more than enough might well partly depend upon bitcoin's performance in that time, or even after the time that he had mostly invested into it.