Buy the DIP, and HODL!

[Zackz5000]

After I have finished pursuing through all the posts that is related to emergency fund,  i have really learnt enough ideas on how emergency fund is important when it comes to Bitcoin investments in other to avoid touching your main income, i took personal because ever since i came across this thread, if i have not practice anything but this emergency fund i took very seriously and it have been helpful to me in such away that my accumulating without touching my investment.

The goal itself is like that, namely so as not to interfere with the funds that you want to use for the Bitcoin investment path itself so that you can invest continuously without any obstacles when you want to buy Bitcoin. In addition, it can also support you in collecting Bitcoin slowly until it becomes very much because you really don't touch it to sell in the near future under any conditions. So that emergency funds can be said to be an important option for long-term investment support because everyone also doesn't know what their life conditions will be in the future. So as much as possible you have to have really mature preparation if you want to invest in Bitcoin in the longer term.

Emergency fund is a major ingredient if you are planning to hodl for a very long term, with the fund you will not be tempted to touch your Bitcoin stash inorder to spend on emergency expenses that inevitably arises on the way. Without emergency funds to take care of unexpected expenses, hodling Bitcoin cannot be realistic, the temptation to sell will always arise almost everytime, investors can even sell when the situation on ground cannot be qualified as emergency. If you don't have emergency funds on ground, it is better to reduce the amount that you set aside for your DCA and keep the balance in the bankroll of emergencies, if an investor goes ahead to concentrate on DCA buying when they don't have enough left for emergency funds, there is likelihood that they will sell when emergencies arises. Setting aside emergency funds might not be necessary for very rich people who have excess money to spend from when emergencies arises but for people that are not rich who are managing their income, it is imperative that they should set aside emergency funds so that they will not tamper with their Bitcoin stash.

I will consider setting emergency funds as necessary and essential for everybody irrespective of how rich you are,  there should be what can be considered as your emergency funds based on your finances status, we can't say that because we are so rich that we can should not have separate emergency funds.

I think what Ishicryptic is trying to emphasize is that as someone that is very rich there is no need trying to set this emergency fund aside Because he already has the money to take care of his emergencies when they arises because he has sufficient income to do this unlike someone who don't have much money he will need to make provision for emergency fund probably after starting accumulating Bitcoin or his bitcoin investment, the rich guy already have multiple sources of income that can always take care of the unexpected event.

[Rockstarguy]

After I have finished pursuing through all the posts that is related to emergency fund,  i have really learnt enough ideas on how emergency fund is important when it comes to Bitcoin investments in other to avoid touching your main income, i took personal because ever since i came across this thread, if i have not practice anything but this emergency fund i took very seriously and it have been helpful to me in such away that my accumulating without touching my investment.

Well , it is a good habit to adopt having emergency funds and another thing important investors needs to take very serious is to be consistent with accumulation of your investment while you are making other plans. Taking decisions to be firm with bitcoin investment and to continue accumulating is the best decision that an investor would ever make, with a decision like this it will be possible for an investment to come out successful.  
Having an emergency fund is good but don't make it seem as if having more emergency fund is better, the focus should be on to accumulate more bitcoin. Whenever income comes in , it is an opportunity yo buy more bitcoin

[Joy- maker]

After I have finished pursuing through all the posts that is related to emergency fund,  i have really learnt enough ideas on how emergency fund is important when it comes to Bitcoin investments in other to avoid touching your main income, i took personal because ever since i came across this thread, if i have not practice anything but this emergency fund i took very seriously and it have been helpful to me in such away that my accumulating without touching my investment.

The goal itself is like that, namely so as not to interfere with the funds that you want to use for the Bitcoin investment path itself so that you can invest continuously without any obstacles when you want to buy Bitcoin. In addition, it can also support you in collecting Bitcoin slowly until it becomes very much because you really don't touch it to sell in the near future under any conditions. So that emergency funds can be said to be an important option for long-term investment support because everyone also doesn't know what their life conditions will be in the future. So as much as possible you have to have really mature preparation if you want to invest in Bitcoin in the longer term.

Emergency fund is a major ingredient if you are planning to hodl for a very long term, with the fund you will not be tempted to touch your Bitcoin stash inorder to spend on emergency expenses that inevitably arises on the way. Without emergency funds to take care of unexpected expenses, hodling Bitcoin cannot be realistic, the temptation to sell will always arise almost everytime, investors can even sell when the situation on ground cannot be qualified as emergency. If you don't have emergency funds on ground, it is better to reduce the amount that you set aside for your DCA and keep the balance in the bankroll of emergencies, if an investor goes ahead to concentrate on DCA buying when they don't have enough left for emergency funds, there is likelihood that they will sell when emergencies arises. Setting aside emergency funds might not be necessary for very rich people who have excess money to spend from when emergencies arises but for people that are not rich who are managing their income, it is imperative that they should set aside emergency funds so that they will not tamper with their Bitcoin stash.

I will consider setting emergency funds as necessary and essential for everybody irrespective of how rich you are,  there should be what can be considered as your emergency funds based on your finances status, we can't say that because we are so rich that we can should not have separate emergency funds.

I agree with you on this, every bitcoiner has to set up emergency fund  irrespective of their financial status, setting an emergency fund is not only for the poor it  is also  for rich, because having an emergency funds will enable you run a smooth investment as a bitcoiner, be you rich or poor. And i can never encourage nor advice any bitcoiner to ignore emergency because of how wealthy they are, because they need it to run there bitcoin investment smoothly.

[Btcdeybodi]

I will consider setting emergency funds as necessary and essential for everybody irrespective of how rich you are,  there should be what can be considered as your emergency funds based on your finances status, we can't say that because we are so rich that we can should not have separate emergency funds.

There are rich men that don't even like keeping or saving a lot of money, any money they get, they tend to invest them in one project or the other and some big men run out of money sometimes, not because they are broke but because they have invested their money somewhere while expecting the returns so within that period when they don't have money they can borrow from the bank so what am trying to emphasize is that even as a big man, they should keep emergency funds because if they don't and run out of cash due to the fact they have invested all their money, it will become a problem because if they go to borrow money from the bank to solve an urgent need and the bank do not grant them, they can fall back to their hodling and sell part of it to settle that urgent need which is not a healthy practice for an investor who is trying to build their portfolio, regardless that they are rich.

[ginsan]

I agree with you on this, every bitcoiner has to set up emergency fund  irrespective of their financial status, setting an emergency fund is not only for the poor it  is also  for rich, because having an emergency funds will enable you run a smooth investment as a bitcoiner, be you rich or poor. And i can never encourage nor advice any bitcoiner to ignore emergency because of how wealthy they are, because they need it to run there bitcoin investment smoothly.

It is true, Emergency funds are more prioritized to be managed because with emergency funds our investment journey is not disturbed. By planning well, the investment journey will be well directed.

For those who are just starting out, don't be afraid to keep buying because starting directly is better than continuing to delay, managing discipline by making regular purchases is certainly better for us beginners. What should be avoided in investing is anxiety about the price because if you are anxious you do not have a strong mentality to hold bitcoin in the long term.

[New Judgement]

The goal itself is like that, namely so as not to interfere with the funds that you want to use for the Bitcoin investment path itself so that you can invest continuously without any obstacles when you want to buy Bitcoin. In addition, it can also support you in collecting Bitcoin slowly until it becomes very much because you really don't touch it to sell in the near future under any conditions. So that emergency funds can be said to be an important option for long-term investment support because everyone also doesn't know what their life conditions will be in the future. So as much as possible you have to have really mature preparation if you want to invest in Bitcoin in the longer term.

Emergency fund is a major ingredient if you are planning to hodl for a very long term, with the fund you will not be tempted to touch your Bitcoin stash inorder to spend on emergency expenses that inevitably arises on the way. Without emergency funds to take care of unexpected expenses, hodling Bitcoin cannot be realistic, the temptation to sell will always arise almost everytime, investors can even sell when the situation on ground cannot be qualified as emergency. If you don't have emergency funds on ground, it is better to reduce the amount that you set aside for your DCA and keep the balance in the bankroll of emergencies, if an investor goes ahead to concentrate on DCA buying when they don't have enough left for emergency funds, there is likelihood that they will sell when emergencies arises. Setting aside emergency funds might not be necessary for very rich people who have excess money to spend from when emergencies arises but for people that are not rich who are managing their income, it is imperative that they should set aside emergency funds so that they will not tamper with their Bitcoin stash.

Provided that the rich Man is able to bring out money from anywhere and solve the emergencies without selling his bitcoin. That source where the money came from can still be called the emergency fund. Emergency funds is not the account itself, but the money that's used at the time of emergencies, without tampering with your portfolio is an emergency funds.

[harapan]

With bitcoin as well rest of the altcoins every dip is an opportunity to make an investment. Very few make use of this while majority of the users just keep hold of the assets for the bull trend. To make a good profit out of bitcoin it is a must to move along with the market than just holding focusing on targeted growth.

I think this is a golden opportunity to many investors to take advantage of this and make good use of it, and it requires us to buy but if one tend to hodl that's to their best of knowledge of when they feel they can be profitable in the long run, meanwhile following the market trends is something to reckon unto order to make good analysis and understand how to get a profitable investment.

[harapan]

Maybe bitcoin will skyrocket tomorrow and will never come back to this prices ever in history of bitcoin, you may think that is impossible but people who waited for a dip at 1400 at the same idea as well, the price went down a lot and they waited for it to go down even more and when it started to go back up they waited for it to go back down but the price only kept going up and never seen those numbers again.

That is why buying every dip is a good suggestion but its never something easy that you can do yourself without ever knowing when you are at the dip, execution is much more difficult than the advice. I agree with the idea but I have failed on the execution multiple times.

What we wait is a Positivity that all efforts in accumulating Bitcoin overtime isn't wasted and we ought to clearly understand how the markets trends goes and when there would be  a dip, cause everything changes with time and we can't comprehend that but we can as well never loose hope, and i advice them to be patient enough to undergo this stages of wait which include buying and holding tho some persons don't necessarily like to hodl for long cause of fear of loosing their coins.

[Mayor of ogba]

It is not adviceable to use a line to invest in Bitcoin because it will definitely affect your purchase of Bitcoin and the loan can force you to sell your Bitcoin when you are not determined to do so, and so you now go back to zero level,since loan comes with interest rate, how do you pay it off, what about the collaterals for the loan aside from the interest rate, how well will it be met with the time frame, it is better you have an alternative source of income to add to your salary and start building your portfolio,that is why it is adviceable as a new investor in Bitcoin, you start with the DCA strategy which will help you buy Bitcoin little by little buying and HODLing it for a long-term.

When we are holding bitcoin, our plan for bitcoin should be a long term investment, nobody knows when bitcoin is going to pump or dump, if we end up taking loan to buy bitcoin, and it’s start dumping, how will you be able to pay back your loan? So if you don’t have any other sources of income to pay for the loan, then avoid loan to invest in bitcoin.

If Bitcoin was a pump and dump coin, people wouldn't have shown great dedication and passion to invest their money into Bitcoin for the long term, so you referring to Bitcoin as a pump and dump simply means that you don't really understand what Bitcoin is, even though you have been long registered on this forum. Bitcoin is a solid project built to solve real-life problems, such as using bitcoin to send money to your loved ones abroad in a seamless manner. Yes, I agree with you that people who don't have any means to pay back their loan shouldn't take a loan to invest in bitcoin because they will depend on their bitcoin investment to pay back their loan, which will probably cause them to sell their bitcoin too early to pay back their loan. But if anyone has a means to pay back his or her loan without him or her selling his or her bitcoin, that person can take a loan to invest in bitcoin since the reason behind that loan is for a good cause.

[Agbamoni]

Maybe the risk they are looking for is the volatility aspects of Bitcoin, but people into long term plus executing DCA could really ignore those situations. Because people aims for long term on Bitcoin doesn't really look at the prices since every situation is good opportunity to accumulate whether the market pumps or at the dip.

You are wrong. Only those seeking fast gains which is the get rich quick mindset through Bitcoin will be afraid of Bitcoin volatility. Through investors knows that Bitcoin benefits investors over time not overnight. In fact, the volatility behavior is for the better good because that is what ensures that the price will make an upward movement in specific intervals gradually till it breaks a new ATH. I think we should be more comfortable with Bitcoin because of its volatility

This resource will sure help you i got it from a bitcoiner on YouTube you can watch it: Why bitcoin's extreme volatility shouldn't scare you

[Sonia_123]

While every investors does need an emergency fund available for obvious reasons, you don't have to save up for emergency before you start investing, you can start with your investment first and then start saving for emergency situations later or you can do them simultaneously, and both funds should come from your discretionary funds so as to not disturb your necessary and basic expenses.
Emergency funds are like a fail-safe that helps to ensure your investment isn't disturbed during accumulation, it also makes provisions for situations like you losing your job, it helps keep an investor going until they secure another job and get their income flowing again all while keeping their investment intact.
I'm sure there are situations where investors had to sell the bitcoin stash early to take care of emergencies, it could be an accident and your insurance isn't coming early enough or it's not able to cover your expenses, it could also be a serious health condition that requires alot of money to treat, your emergency income accounts for and helps take care of these situations.

In this case, people's choices may vary. Some prefer to set up an emergency fund before they invest, but there are also those who immediately choose to invest and save up for their emergency fund while at it. However, this should not be an obstacle for someone to start investing in Bitcoin, because they can also invest in Bitcoin even before having an emergency fund. But they need to create an emergency fund as soon as possible because they just don't know when the situation will become unfavorable to them—having an emergency fund will greatly help them face unexpected situations without having to sell bitcoin at the wrong time.

An investor without an emergency and backup fund will find it very difficult to invest for a long-term, therefore it is important to have your emergency funds, not necessarily very huge amount in as much as it can meet up your needs when the need arises for it, its an extra fund, which you need to save within 3-4 months so that it can save your investment from being sold off before the time that you wish to sell it within your long-term journey.

[Tonimez]

While every investors does need an emergency fund available for obvious reasons, you don't have to save up for emergency before you start investing, you can start with your investment first and then start saving for emergency situations later or you can do them simultaneously, and both funds should come from your discretionary funds so as to not disturb your necessary and basic expenses.
Emergency funds are like a fail-safe that helps to ensure your investment isn't disturbed during accumulation, it also makes provisions for situations like you losing your job, it helps keep an investor going until they secure another job and get their income flowing again all while keeping their investment intact.
I'm sure there are situations where investors had to sell the bitcoin stash early to take care of emergencies, it could be an accident and your insurance isn't coming early enough or it's not able to cover your expenses, it could also be a serious health condition that requires alot of money to treat, your emergency income accounts for and helps take care of these situations.

In this case, people's choices may vary. Some prefer to set up an emergency fund before they invest, but there are also those who immediately choose to invest and save up for their emergency fund while at it. However, this should not be an obstacle for someone to start investing in Bitcoin, because they can also invest in Bitcoin even before having an emergency fund. But they need to create an emergency fund as soon as possible because they just don't know when the situation will become unfavorable to them—having an emergency fund will greatly help them face unexpected situations without having to sell bitcoin at the wrong time.

An investor without an emergency and backup fund will find it very difficult to invest for a long-term, therefore it is important to have your emergency funds, not necessarily very huge amount in as much as it can meet up your needs when the need arises for it, its an extra fund, which you need to save within 3-4 months so that it can save your investment from being sold off before the time that you wish to sell it within your long-term journey.

Good point. But how did you decide to save emergency fund for 4-5 months? Emergency has no notice attached and it's not particular not has any order of occurrence. That is what makes is emergency. You can't be too careful to keep the amount that would actually carry your emergency. Instead, with emergency fund, you lay siege while sourcing funds or waiting for your next pay to carry on with the project or emergency. Life has no order and so is emergency. This is why you don't just invest lump-sum because you feel you don't have any more needs. With an increased income, you first increase your emergency fund and then your DCA which would directly improve your bitcoin investment.

[JayJuanGee]

[edited out]

Yes, emergency funds are supposed to be in fiat currency, but if someone chooses to save it in stablecoins, I think it's not a big problem. Saving in stablecoins can work too.

You need to think about how liquid your emergency funds are, and consider the various kinds of emergencies that might come.

Sure it may well need to be the case that you have around of a month of expenses that are always in your local fiat and easy to get to  to pay  all of your monthly bills in the event that your income dries up and/or you suffer from some immediate additional expenses.

The less liquid the fund, then the more chances that you are taking, and yeah, maybe it takes you 1-2 weeks to get at such funds and then to cash them out in the form that you need, and that might not be problematic, yet if you have some uncertainty about the liquidity of some funds and how you could have trouble getting access to them for several weeks, then you likely would have redundant systems of funds in other places to make up for potential problems of funds that might have issues, including issues with the custodian if you are not holding them yourself and able to sell them directly yourself.

The short experience gained in studying this thread suggests that every investor needs an emergency fund to maintain their family for at least six months and to deal with unexpected situations.

Emergency funds is not the money for maintaining your family but it should be used to solve a real emergency that happens which if not taken care of, it will lead to more destruction and loss in your life. It's only when you have lost your job that you can use your emergency funds for survival until you get a new source of income so that you don't touch your bitcoin investment at all.

Of course, when we are in the earliest stages of building our bitcoin investment and perhaps also building up our emergency funds at the same time, it may well end up being the case that we end up tapping into our emergency funds for non-emergencies because we are still in the earliest of stages of building up such fund, and surely we are also running risks while we are building up our emergency funds, yet at the same time our bitcoin stash is likely not going to be much BIGGER than our emergency funds, at least going from the amount of value that we put into each of them.

Ideally, once we get the emergency fund up to at least three months of expenses, and perhaps our bitcoin investment is also getting to be at least that size too, then we may well strt to build up various other kinds of reserve funds, so by then we would tap into our other reserve funds prior to touching our emergency funds, and our emergency funds would be the last thing that we touch prior to having to dip into our bitcoin, so we already realize if our finances have gotten to such a stressed point that we are having to dip into our emergency funds, then we should realize that we are in a place that we don't want to be..

and that ideally, like you said Merit.s, we are not going to be touching our emergency funds at all absent an actual emergency and not merely our own inadequate cashflow management skills... but it can take a while to build our finances to such strength that we both have various kinds of back up funds beyond just our emergency fund, and we also are attempting to invest somewhat aggressively into bitcoin too, and perhaps our bitcoin investment is growing faster than our emergency funds and our back up funds, since once we get  our various back up funds to certain levels, we may well not need to keep growing them and we likely are going to want to focus more on aggressively (perhaps?) building up our bitcoin investment.

[asarfiar]

After I have finished pursuing through all the posts that is related to emergency fund,  i have really learnt enough ideas on how emergency fund is important when it comes to Bitcoin investments in other to avoid touching your main income, i took personal because ever since i came across this thread, if i have not practice anything but this emergency fund i took very seriously and it have been helpful to me in such away that my accumulating without touching my investment.

The goal itself is like that, namely so as not to interfere with the funds that you want to use for the Bitcoin investment path itself so that you can invest continuously without any obstacles when you want to buy Bitcoin. In addition, it can also support you in collecting Bitcoin slowly until it becomes very much because you really don't touch it to sell in the near future under any conditions. So that emergency funds can be said to be an important option for long-term investment support because everyone also doesn't know what their life conditions will be in the future. So as much as possible you have to have really mature preparation if you want to invest in Bitcoin in the longer term.

Emergency fund is a major ingredient if you are planning to hodl for a very long term, with the fund you will not be tempted to touch your Bitcoin stash inorder to spend on emergency expenses that inevitably arises on the way. Without emergency funds to take care of unexpected expenses, hodling Bitcoin cannot be realistic, the temptation to sell will always arise almost everytime, investors can even sell when the situation on ground cannot be qualified as emergency. If you don't have emergency funds on ground, it is better to reduce the amount that you set aside for your DCA and keep the balance in the bankroll of emergencies, if an investor goes ahead to concentrate on DCA buying when they don't have enough left for emergency funds, there is likelihood that they will sell when emergencies arises. Setting aside emergency funds might not be necessary for very rich people who have excess money to spend from when emergencies arises but for people that are not rich who are managing their income, it is imperative that they should set aside emergency funds so that they will not tamper with their Bitcoin stash.

I will consider setting emergency funds as necessary and essential for everybody irrespective of how rich you are,  there should be what can be considered as your emergency funds based on your finances status, we can't say that because we are so rich that we can should not have separate emergency funds.

Emergency funds are essential for people of all classes. The rich or the poor should create emergency funds. A day laborer needs to have an emergency fund. You may have a lot of money but you do not have an emergency fund, then you will not be able to deal with any problems economically. If you are rich, if you do not have emergency funds in an unexpected situation you will not be able to rescue yourself from that situation. There must be an urgent fund to deal with such natural disasters, health problems, danger, etc. Suppose a poor person has a certain amount of money for emergency funds. On the other hand, a rich person did not create any emergency fund. Now the poor will be able to cope with natural disasters because they have an emergency fund, and the rich will have difficult problems due to lack of emergency funds.

 I think a certain part of our daily income should be kept for emergency funds that will play a very important role in meeting our unexpected financial needs.

[Promocodeudo]

Wether you are a peasant, middle class or the rich, you have no reason why you shouldn't invest in Bitcoin if you have a source of income, because all you just need is to be financially smart, by knowing how to manage your money very well once your paycheck comes in that's all, because knowing how to arrange your budget is what going to determine how far you can go in your accumulation, because it's through that your source of income you invest and even build your emergency funds, so that you wouldn't have to temper with your holdings if a serious financial emergency situation arise in the future.
Their are some set's of people that would complain that their income is not huge enough to invest in Bitcoin, but they still go out to drink and even gamble, that why I am certain that once an individual have the will to invest, he will always do it if he has a source of income, no excuse, but anyone that doesn't want to do it, will always have a reason why it's not the best time to invest.

You are absolutely right, there is no financial status that cant fit in Bitcoin investment what really counts is an individual being able to plan with the available funds no matter how small it is, many persons started Bitcoin acumulation with as low as $5 or even lower so I believe no excuse or nothing that could hinder an individual from investing in the first place as far as such person has the basic knowledge on how to invest, nothing should limit anyone from investing in Bitcoin, I see anyone giving excuses why he or she can not invest as an unserious person, the reason for DCA method is for every interest person to invest in Bitcoin and what matters is consistency, you start with the amount you want to start with steadily and keep doing the need and may be top up when your income upgrades.

For me I have said that it is not necessary that we will have emergency funds from the beginning, to can build it while we start the investment to avoid it been seen as a tool of procrastination, yea emergency fund is important for every intending and existing investor because this fund helps us not to consider our Bitcoin portfolio as an alternative to solve our immediate problems beside emergency funds have multipurpose, we can use it to buy during the dip if we want and still make use of it to solve immediate or problems as we continue our Bitcoin journey.

Anyone that gives silly complains or excuses that their source is not enough to invest in Bitcoin just as you said, then such person is not really serious about investing in Bitcoin and should not be taken serious too.

[ZeroVinsonN]

While every investors does need an emergency fund available for obvious reasons, you don't have to save up for emergency before you start investing, you can start with your investment first and then start saving for emergency situations later or you can do them simultaneously, and both funds should come from your discretionary funds so as to not disturb your necessary and basic expenses.
Emergency funds are like a fail-safe that helps to ensure your investment isn't disturbed during accumulation, it also makes provisions for situations like you losing your job, it helps keep an investor going until they secure another job and get their income flowing again all while keeping their investment intact.
I'm sure there are situations where investors had to sell the bitcoin stash early to take care of emergencies, it could be an accident and your insurance isn't coming early enough or it's not able to cover your expenses, it could also be a serious health condition that requires alot of money to treat, your emergency income accounts for and helps take care of these situations.

In this case, people's choices may vary. Some prefer to set up an emergency fund before they invest, but there are also those who immediately choose to invest and save up for their emergency fund while at it. However, this should not be an obstacle for someone to start investing in Bitcoin, because they can also invest in Bitcoin even before having an emergency fund. But they need to create an emergency fund as soon as possible because they just don't know when the situation will become unfavorable to them—having an emergency fund will greatly help them face unexpected situations without having to sell bitcoin at the wrong time.

An investor without an emergency and backup fund will find it very difficult to invest for a long-term, therefore it is important to have your emergency funds, not necessarily very huge amount in as much as it can meet up your needs when the need arises for it, its an extra fund, which you need to save within 3-4 months so that it can save your investment from being sold off before the time that you wish to sell it within your long-term journey.

Make me understand something here, are you saying to save up for 3-4 months before starting to invest??  Or are you saying to only save up to 3-4 months worth of emergency funds at a time??
If it's the former, I will have to disagree because spending 3-4 months on just saving while you could have also been investing will have delayed your investment by that 3-4 months And that will have been a loss on your side as you could have already been accumulating bitcoin. If it's the later then I don't fully support it, your emergency saving should not be limited to just 3-4 months worth, this might seem like alot but I will ultimately not be enough depending on the kind of emergency situation that comes up, I believe a person should always keep saving.

[Ruttoshi]

While every investors does need an emergency fund available for obvious reasons, you don't have to save up for emergency before you start investing, you can start with your investment first and then start saving for emergency situations later or you can do them simultaneously, and both funds should come from your discretionary funds so as to not disturb your necessary and basic expenses.
Emergency funds are like a fail-safe that helps to ensure your investment isn't disturbed during accumulation, it also makes provisions for situations like you losing your job, it helps keep an investor going until they secure another job and get their income flowing again all while keeping their investment intact.
I'm sure there are situations where investors had to sell the bitcoin stash early to take care of emergencies, it could be an accident and your insurance isn't coming early enough or it's not able to cover your expenses, it could also be a serious health condition that requires alot of money to treat, your emergency income accounts for and helps take care of these situations.

In this case, people's choices may vary. Some prefer to set up an emergency fund before they invest, but there are also those who immediately choose to invest and save up for their emergency fund while at it. However, this should not be an obstacle for someone to start investing in Bitcoin, because they can also invest in Bitcoin even before having an emergency fund. But they need to create an emergency fund as soon as possible because they just don't know when the situation will become unfavorable to them—having an emergency fund will greatly help them face unexpected situations without having to sell bitcoin at the wrong time.

An investor without an emergency and backup fund will find it very difficult to invest for a long-term, therefore it is important to have your emergency funds, not necessarily very huge amount in as much as it can meet up your needs when the need arises for it, its an extra fund, which you need to save within 3-4 months so that it can save your investment from being sold off before the time that you wish to sell it within your long-term journey.

Make me understand something here, are you saying to save up for 3-4 months before starting to invest??  Or are you saying to only save up to 3-4 months worth of emergency funds at a time??
If it's the former, I will have to disagree because spending 3-4 months on just saving while you could have also been investing will have delayed your investment by that 3-4 months And that will have been a loss on your side as you could have already been accumulating bitcoin. If it's the later then I don't fully support it, your emergency saving should not be limited to just 3-4 months worth, this might seem like alot but I will ultimately not be enough depending on the kind of emergency situation that comes up, I believe a person should always keep saving.

At least three months of your monthly income is a good size for your emergency funds because you are not going to touch it unless a real emergency happens. You should know that your emergency funds should always be refilled after using part of it to solve whatever unforeseen challenges that comes up. It's your bitcoin investment that you should keep on building and not your emergency funds when it has reached the required size. One thing you should understand is that it might take up to one year for someone to build up his emergency funds of three months because he is also investing in bitcoin at the same time that he is building his emergency funds.

However, the size of your emergency funds will determine how aggressive you will be when you are through with setting up various back up funds. Emergency funds shouldn't be the only funds to set up, when you emergency funds up to three months of your income, you can channel the money to start building a reserve fund.

[Mayor of ogba]

While every investors does need an emergency fund available for obvious reasons, you don't have to save up for emergency before you start investing, you can start with your investment first and then start saving for emergency situations later or you can do them simultaneously, and both funds should come from your discretionary funds so as to not disturb your necessary and basic expenses.
Emergency funds are like a fail-safe that helps to ensure your investment isn't disturbed during accumulation, it also makes provisions for situations like you losing your job, it helps keep an investor going until they secure another job and get their income flowing again all while keeping their investment intact.
I'm sure there are situations where investors had to sell the bitcoin stash early to take care of emergencies, it could be an accident and your insurance isn't coming early enough or it's not able to cover your expenses, it could also be a serious health condition that requires alot of money to treat, your emergency income accounts for and helps take care of these situations.

In this case, people's choices may vary. Some prefer to set up an emergency fund before they invest, but there are also those who immediately choose to invest and save up for their emergency fund while at it. However, this should not be an obstacle for someone to start investing in Bitcoin, because they can also invest in Bitcoin even before having an emergency fund. But they need to create an emergency fund as soon as possible because they just don't know when the situation will become unfavorable to them—having an emergency fund will greatly help them face unexpected situations without having to sell bitcoin at the wrong time.

An investor without an emergency and backup fund will find it very difficult to invest for a long-term, therefore it is important to have your emergency funds, not necessarily very huge amount in as much as it can meet up your needs when the need arises for it, its an extra fund, which you need to save within 3-4 months so that it can save your investment from being sold off before the time that you wish to sell it within your long-term journey.

Even though an investor doesn't make provision for his or her emergency fund at the beginning of his or her bitcoin investment and the investor has discretionary income to invest in bitcoin, the investor will not find it difficult to invest and accumulate bitcoin for the long term because the investor can be building up his or her emergency fund right away as the investor is consistently investing and accumulating bitcoin. The only way an investor will find it difficult to invest in bitcoin for the long term is when the investor doesn't have discretionary income to invest in bitcoin and build up his or her emergency fund.

[Lidger]

Make me understand something here, are you saying to save up for 3-4 months before starting to invest??  Or are you saying to only save up to 3-4 months worth of emergency funds at a time??
If it's the former, I will have to disagree because spending 3-4 months on just saving while you could have also been investing will have delayed your investment by that 3-4 months And that will have been a loss on your side as you could have already been accumulating bitcoin. If it's the later then I don't fully support it, your emergency saving should not be limited to just 3-4 months worth, this might seem like alot but I will ultimately not be enough depending on the kind of emergency situation that comes up, I believe a person should always keep saving.

Earlier investors used to save money like this for three to four months or more before investing and then invest with that saved money, but now the style of investment has changed. Now investors don't need to save money, but now the amount of money that investors used to save every month, every week or every day, they directly invest in Bitcoin,DCA investment strategy. If the investor buys bitcoins step by step without saving money, then it will be seen that when the price is there, the investor will buy bitcoins, so that even if the market goes up and down, the investor's investment will not have a bad effect. This investment strategy is generally considered as a smart investment strategy. 
So those who are interested in investing can start their investment at any time without saving money.

[Marvelockg]

While every investors does need an emergency fund available for obvious reasons, you don't have to save up for emergency before you start investing, you can start with your investment first and then start saving for emergency situations later or you can do them simultaneously, and both funds should come from your discretionary funds so as to not disturb your necessary and basic expenses.
Emergency funds are like a fail-safe that helps to ensure your investment isn't disturbed during accumulation, it also makes provisions for situations like you losing your job, it helps keep an investor going until they secure another job and get their income flowing again all while keeping their investment intact.
I'm sure there are situations where investors had to sell the bitcoin stash early to take care of emergencies, it could be an accident and your insurance isn't coming early enough or it's not able to cover your expenses, it could also be a serious health condition that requires alot of money to treat, your emergency income accounts for and helps take care of these situations.

In this case, people's choices may vary. Some prefer to set up an emergency fund before they invest, but there are also those who immediately choose to invest and save up for their emergency fund while at it. However, this should not be an obstacle for someone to start investing in Bitcoin, because they can also invest in Bitcoin even before having an emergency fund. But they need to create an emergency fund as soon as possible because they just don't know when the situation will become unfavorable to them—having an emergency fund will greatly help them face unexpected situations without having to sell bitcoin at the wrong time.

An investor without an emergency and backup fund will find it very difficult to invest for a long-term, therefore it is important to have your emergency funds, not necessarily very huge amount in as much as it can meet up your needs when the need arises for it, its an extra fund, which you need to save within 3-4 months so that it can save your investment from being sold off before the time that you wish to sell it within your long-term journey.

Make me understand something here, are you saying to save up for 3-4 months before starting to invest??  Or are you saying to only save up to 3-4 months worth of emergency funds at a time??

personally, i think that the approach one adopts in making provision for an emergency fund should be one that is finance friendly such that you don't delay investing in bitcoin just because you want to make provision for your emergency fund. remember that the main thing here is that you are investing in bitcoin and the emergency fund is just what helps you stay invested for the long term. having this understanding helps you to set priority right such that your attention focuses more on building your bitcoin stack above just setting up an emergency fund.

using the first three months to build just an emergency fund is unnecessary but there are better approach of going about it. for instance, for the first five months, you can discipline yourself to use 60% of your earning for your basic needs, 20% for your emergency fund and the remaining 20% for bitcoin investment. for that period of five month, things might go a bit slow for your investment but since you know that you are making a sacrifice for what will eventually help you in the long term, then you should be ready to follow up your plan without being worried of your short term difficulty. at the expiration of that period, you know that everything about your emergency fund is well sorted out and the 20% can then be added to either the allocation for your bitcoin investment or your expenses.  again, the way you decide to split your earning is going to be totally up to you to decide but the main point here is that building an emergency fund can still go hand in hand with building your bitcoin stack.

another thing to take note of is that an emergency is not something we know how much it will require of us to get it fixed. there is never a guarantee that what you have kept as your emergency fund as a newbie investor will be enough to sort out the uncertainty that might unfold even though it is possible that you might eventually make use of it. but even at that, it is better to set a reasonable fund aside that can keep you moving rather than expose yourself to the risk of uncertainty.

from the little period i have stayed invested, i have had a first-hand experience when my income source seems to slow down a bit and the urge to take out a portion of my holding creeps in, fortunate for me, i have a working plan that helps me stay invested through whatever short-term storm that arises. failing to set out a good emergency plan or funds on ground is a clear indication that you don't value the safety and longevity of your asset.