0 sats \ 2 replies \ @noerms OP 24 Feb 2023 \ parent \ on: 21 Rules to Become a Whole Coiner bitcoin
Thanks for the feedback =)
So you think going all in would be the better way?
But what if you go all in, then comes a bear market and you need money for a high bill? like the car broke down or a large medical expanse. You would be either forced to sell at a loss or take a credit, which could be even worse in such market conditions.
I think the milage varies. Not everyone needs to have fiat for 6 months. some may be ok with 3, others may need 12. But i still think it is a good idea, to have a buffer that protects your investment =)
i suggest you look at my statement again ... I said its great IF you HAVE revenue streams ...
in other words, you dont need it at all so u forget about it for a while
As for the medical bill or any emergency, its a matter of probablities and anyone need to factor that (in my case when I said ALL IN it didnt mean I put everything I have as i factor other stuff ... I have other revenue streams, my expenses are low, in case of an emergency I have some fiat and family/friends for extreme cases
there is no one great strategy as it depends on personal condition, expenses, obligations, revenues, risk appetite etc....
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Oh, sorry, my bad XD i read to fast and just made assumptions.
100% agreed. If you don't rely on the money, you can put it in BTC.
Yes, it is very different for everyone. But like you say, everyone should know the risks and manage his investments accordingly =)
Have a great weekend!
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